April 26, 2020

31 per barrel up

Brent crude futures were at $45.Oil prices have fallen about 20 wheel bearing repair kits Manufacturers percent this year despite an effort led by the Organization of the Petroleum Exporting Countries (OPEC) to cut production by 1.Thanks largely to shale drillers, U.31 per barrel up 9 cents or 0.31 per barrel at 0222 GMT, up 9 cents, or 0.Brent crude futures were at $45.84 per barrel. Oil recovered slightly from steep falls.2 per cent from their last close.2 percent, at $42.S. West Texas Intermediate (WTI) crude futures were up 10 cents, or 0.

"Markets remain sceptical of OPEC's ability to balance supplies," ANZ bank said on Friday. Oil edged up on Friday, recovering slightly from steep falls earlier in the week, but is set for the worst performing first-half in two decades despite ongoing production cuts..2 percent, from their last close.8 million barrels per day (bpd) that has been in place since January.At the heart of the glut is that rising production levels from the traditional suppliers of OPEC and Russia have been met by soaring output from the United States.35 million bpd, close to levels of top exporter Saudi Arabia.The weak markets are a result of doubts over OPEC's ability to rein in a fuel supply overhang that has dogged markets since 2014 as production has largely outpaced consumption.U.S.That's the worst first-half performance for crude oil since 1997, when rising output and the Asian financial crisis led to sharp price falls.

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April 21, 2020

Attention now turns

"The election needs to take place within 18 months, the same start time, so that after six months of the transition you’re about a year away, or less, from an election. in Jan, elections within 18 months Foreign ministers vote during a UN Security Council meeting on Syria at the United Nations in New York.Iran, however, will maintain its backing for the Syrian regime, a senior official said, after the Security Council meeting.Attention now turns to Moscow and Riyadh, as blown film extruder Russia pressures Mr Assad’s regime to agree to a ceasefire and Saudi Arabia wrangles the Opposition to form a negotiating team.The US and Arab allies remain convinced Mr Assad must leave office as part of the process, but his allies Moscow and Tehran insist this is a decision for the Syrian people.”The Security Council met Friday after the latest round of talks by the International Syria Support Group (ISSG), which had gathered in New York to renew its push for peace. (Photo: AFP) US, Russia initiative calls for talks between Assad govt & Opp.

The US and Russian initiative, which emerged from talks with a 17-nation group, foresees a rapid ceasefire in the almost five-year conflict, perhaps as early as January 2016.The resolution enshrines the plan developed by the ISSG countries in a series of meetings in Geneva and Vienna.If the plan brings Bashar al-Assad’s regime to the table with the armed Opposition, it will allow Russian and US-led forces to focus their firepower on the ISIS group.US, Russia initiative calls for talks between Assad govt & Opp. I have recently spoken about this with President Obama, and with our friends from Saudi Arabia, and from other Arab nations,” Mr Putin said.”Russian President Vladimir Putin said Moscow can easily work with all sides involved in efforts to resolve the conflict Syria, including the US and Mr Assad."And that means all the barrel bombs will stop, all the bombing, all the shooting, all the attacks on either side. in Jan, elections within 18 monthsThe UN Security Council threw its unanimous support on Friday behind a plan to end Syria’s brutal civil war by summoning rebels and the regime to the negotiating table.The UN special envoy on the conflict, Staffan de Mistura, said he would send out invitations to talks in January.."We have a timeframe. That transitional process needs to try to be achieved within the target time of six months,” Mr Kerry said, arguing that the UN vote gave the plan legal force."In January we hope and expect to be at the table and to be able to implement a full ceasefire,” US secretary of state John Kerry told reporters."Regarding the Syrian crisis, we find it easy to work both with President Assad and the American side. "We will continue to give our support to Syria,” said deputy foreign minister Hossein Amir Abdoll-ahian.

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April 16, 2020

MSCI's broadest index?

50, and is down 4. But they are turning a blind eye to the poor state of economic fundamentals," he said.MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat on the day, though it held on to gains of 1.It would mark the biggest weekly fall since late September if sustained by Friday's close, driven by persistent worries that supply cuts won't be enough to offset the pressure on prices caused by weak demand in top user China.15.011 per cent .988 per cent on Thursday. Japan's Nikkei retreated from three-month highs hit on Thursday, falling 0. The dollar index stepped back from Wednesday's seven-month high of 99.853 to stand at 99. Commodity prices were pressured, with copper near 6-1/2-year lows and a major sea freight index hitting its lowest level on record, underscoring worries over slackening world demand.0724 after having hit a seven-month low of from $1.0 per cent so far this week.In another sign of weak global demand, the Baltic Index, which tracks rates for ships carrying dry bulk commodities, fell to a record low, having fallen 58."Share prices are boosted by ample liquidity.54, having fallen to near three-month lows of $39.5 per cent as the dollar dipped versus the yen though it is likely to post its fifth consecutive week of gains.26 per barrel, compared to Monday's low of 43.

"Many economies in Asia and emerging markets are still not doing that good. The euro bounced back to $1.Many economies in Asia and emerging markets are still not doing that good Representational Image.8 per cent from its peak this year.The dollar weakened across the board on Thursday after rising for four straight sessions, as investors cashed in recent gains driven by widespread expectations of a US Federal Reserve interest rate increase next month. Markets showed limited reaction to comments from Fed Vice Chairman Stanley Fischer that the Federal Reserve has telegraphed its imminent interest rate hike so well to avoid rate liftoff surprise.A case in point is copper, which seen as a good gauge of the global economy because of its wide industrial use.At the shorter end, money market futures continue to price in around a 70 China screw barrel of injection moulding machines Suppliers per cent chance of a rate hike by the Fed in December.89 on Thursday.0617 on Wednesday."People who sold shares in the summer on concerns about slowdown in China are buying back.7 per cent so far this week.50 per tonne on Thursday before bouncing to $4,630. US crude futures traded at $40.05.Long-dated US debt yields also dipped, with the 30-year yield hitting a two-week low of 2. Demand for raw materials remain very weak," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management. It slumped to a 6-1/2-year low of $4,573. Global benchmark Brent futures last stood at $44. It last stood at 3. Many economies in Asia and emerging markets are still not doing that good Tokyo: Asian shares looked set to hold on to this week's gains, while the dollar took a breather on Friday after stepping back from seven-month highs as investors grappled with the prospects of higher US borrowing costs and slower global economic growth.. Chinese authorities are desperate to support share prices while the European Central Bank has also clearly indicated an easing in December," said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.Oil prices were also not far from near three-month lows hit earlier this week.

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April 07, 2020

Indeed it was a highly

The common currency booked a fifth straight week of gains in advance of next Thursday&China three-dimensional printer screws Manufacturers39;s ECBank meeting.77 and tumbled against the euro to end at 78.50-268. The week started with a strong gap-up at 63.Indeed it was a highly volatile week for currency market as rupee climbed to a fresh 3-year high of 63.77 paise against the pound sterling to finish at 88.33 per cent.A breathtaking rally in domestic equities too weighed on the forex trading front.1441. (Photo: PTI).68 per 100 yens from last weekend close of 57.15.The British Pound extended its gains against the greenback, leaving it closer to levels notched before the 2016 Brexit referendum driven by weakening sentiment on the dollar as much as any growing optimisim over Britain.1441.7183 and for the euro at 78.63 at the Interbank Foreign Exchange (forex) market due to bouts of dollar selling and strengthened to hit a high of 63.Stretching its losses for the second-straight week, the home currency depreciated by 21 paise to end at 63. The domestic unit lost a staggering 47 paise in two-week slide.89 million during the week. # This week, many major currencies climbed to fresh multi-month and multi-year highs against the U.The Indian unit crumbled by a staggering 1. The RBI, meanwhile fixed the reference rate for the dollar at 63.The local unit also fell further against the Japanese Yen to settle at 57.The rising inflation and some speculation that the government may miss its deficit target after international crude oil prices hit USD 70 a barrel will give less space to RBI to cut rates in the near term, adding to worries.27 from 77.63 at Interbank Foreign Exchange market.Foreign funds and overseas investors continued their portfolio buying spree and infused USD 567.. Mumbai: The Indian rupee skidded further against the beleagured dollar as forex market sentiment took a hard hit on the back of suring global crude prices and growing trade deficit concerns.

In the forward market, premium for dollar drifted further due to persistant receiving from exporters. Brent crude futures settled at USD 68.However, abundant capital inflows and the government decision to slash its additional borrowing requirement for the current fiscal literally brought some much-needed relief for the batterd forex market.Elsewhere, the Euro ended marginally lower against the US dollar, below a three-year high touched on Wednesday.49 against weekend close of 63. The week started with a strong gap-up at 63.15 before regaining some lost ground towards the fag-end trade.7183 and for the euro at 78.33.84, showing a loss of 21 paise, or 0.The local unit finally settled at 63.19 previously.27.54 per pound from 86.58 per cent in December 2017. Battling the twin pressure -- rising crude prices and worsening trade deficit -- the Indian currency tumbled to a fresh two-week low of 64.In the international commodity front, global crude prices took a knock, plunging about 1 percent on Friday, posting their first weekly loss in five weeks even as a sharp rise in US production outweighed ongoing declines in crude inventories.7 billion to scale a new life-time high of USD 413.50 paise last Friday.33 before retreating sharply.Furthermore, the retail inflation accelerated to 5.2 per cent in December last year, though wholesale prices eased to 3.84. dollar.RBI, meanwhile fixed the reference rate for the dollar at 63.On the global front, the American unit failed to gain any upward momentum during the week undoubtedly been weighed down by fears of a government shutdown despite firming interest rate expectations.49 against weekend close of 63.37.825 billion in the week to January 12, the RBI said. In cross-currency trade, the rupee sell-off remained unabated against the British Pound and Euro for the second- straight week.The Venezuelan crisis added some fuel to the fears from within OPEC that their production cuts are biting faster than expected, which could make the inventory drawdowns overshoot at some point.61 a barrel after hitting their highest since December 2014 at USD 70.S.But, it soon turned volatile and succumbed to heavy selling pressure, breaching the key 64-mark to touch a low of 64. Overall trading mood turned into dismay after the countrys trade deficit widened to a three-year high on higher oil and gold imports.The benchmark six-month forward dollar premium payable for June declined to 123-125 paise from 129-131 paise and the far-forward contract maturing in December 2018 also moved down to 261-263 paise compared to 266.Meanwhile, the foreign exchange reserves rose by USD 2.

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March 17, 2020

He said the opposition has been asking Modi to bring prices

(Photo: File) Mumbai: A "mahagathbandhan" (grand alliance) of the opposition to take on Prime Minister Narendra Modi, the BJP and the RSS is the sentiment of the people and not just political parties, Congress President Rahul Gandhi said on Wednesday. the leather industry and the cloth industry are all here..""There was an attack on Mumbai (through demonetisation). 


He said the opposition has been asking Modi to bring prices of petrol and diesel under the Goods and Services Tax (GST) to provide relief to the common man, but "he is not interested.. Gandhi said during the UPA government&foaming barrel screw39;s rule, the crude price was USD 130 a barrel that has now come down to USD 70 a barrel."Prime Minister Modi and the BJP are attacking the Constitution and institutions of the nation," he alleged, saying the question faced by the people was how to stop this.However, he remained silent when asked who would lead the grand alliance of the opposition parties."

However, the benefit has not been passed on to the common man..Addressing a convention of Mumbai booth-level Congress workers here on Tuesday evening, he alleged that Modi was a "chowkidar" only for a handful of industrialists and not the common man.The Congress is trying to join together these voices and the work is going on, Gandhi said.The 47-year-old Congress leader is on a two-day visit to Maharashtra since Tuesday."It is the sentiment of the people and not just political parties which are opposed to the BJP, to have a 'mahagathbandhan' that can take on the BJP, the RSS and Prime Minister Narendra Modi," Gandhi told reporters in Mumbai.He had also accused Modi of "humiliating" BJP veterans Atal Bihari Vajpayee, L K # Advani and Jaswant Singh and their families, and alleged that it was his "way of protecting Indian culture". Where does this money go? In the pockets of a handful of 15 to 20 rich people," he alleged.Gandhi had accused the Modi government of creating hatred and division in the society and betraying farmers as well as youth in the country. 

They were attacked by the 'Gabbar Singh Tax' (implying the GST by drawing a reference to the celluloid bandit Gabbar Singh)," Gandhi said.Gandhi alleged that the Prime Minister and the BJP were attacking the Constitution and other institutions of the nation."The whole country is sad, small businessmen are sad because of demonetisation and we are fighting for them," he said. There are small industries, traders here.Lashing out at Modi and the ruling party, Gandhi alleged that the Prime Minister and the BJP were attacking the Constitution and other institutions of the nation. The 47-year-old Congress leader is on a two-day visit to Maharashtra

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