Oil prices fell 4 percent on Friday, paring most of the previous session’s rise as traders noted that a tropical storm was behind this week’s unexpected slump in U.S. crude inventories. The market ended up around 3 percent, its first gain in three weeks. Traders cited hopes for a global ... Read More »
Popular actor and comedian Kapil Sharma’s tweet alleging corruption in Shiv Sena and Bharatiya Janata Party (BJP)-ruled Brihanmumbai Municipal Corporation (BMC) rocked State’s political circles, as leaders right from Chief Minister Devendra Fadnavis to Yuva Sena chief Aaditya Thackeray took immediate cognizance of it, assuring action if his claims are ... Read More »
Stocks across the globe fell the most since June on Friday, weighed by comments from Federal Reserve officials that lifted bets on an interest rate hike and after German trade data cast doubt on the strength of the euro zone’s largest economy. German exports fell sharply in July, shrinking the ... Read More »
Facebook has controversially removed the iconic image of a girl fleeing a Napalm attack during the Vietnam war from a post, on the grounds of nudity. The editor of Norwegian newspaper Aftenposten said the entire post, which was about iconic war imagery, was later deleted and the account of the ... Read More »
Investors rekindled their love affair with emerging markets this year, pouring billions of dollars into their stocks and bonds, but the prospect of the Federal Reserve raising U.S. interest rates threatens to cool the relationship once again. Higher U.S. rates and bond yields tend to make emerging market assets relatively ... Read More »
The ISRO is mulling over missions to Venus or an asteroid and is under discussions for these, apart from a second mission to Mars, ISRO Chairman A.S. Kiran Kumar said on Thursday. ISRO also has a number of launches in the coming years including the Chandrayaan-2 and a joint mission ... Read More »
Flows into commodity investments have hit their highest levels since the global financial crisis as negative interest rates boost the appeal of real assets, but they risk reversing as rallies falter in metals and oil. The threat of investors liquidating their commodity stakes has climbed in recent years as speculative ... Read More »
Norway’s Prime Minister has challenged Facebook’s restrictions on nude photos by posting the iconic 1972 image of a naked girl running from an aerial napalm attack in Vietnam. The Pulitzer Prize-winning image by Associated Press photographer Nick Ut is at the centre of a heated debate about freedom of speech ... Read More »
India aims to reduce its hydrocarbon imports by 10 percent by 2022 through increasing domestic output, fuel efficiency and the use of alternative energy, its oil minister said on Friday. India currently imports 70-75 percent of its energy requirements, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan told ... Read More »
Hindustan Petroleum Corp Ltd (HPCL.NS) shut a unit at its 130,000 barrels per day (bpd) refinery in Mumbai last week due to a technical glitch, and has since been importing gasoline, the head of its refineries told Reuters on Friday. BK Namdeo said the refinery’s reformer unit was shut on ... Read More »
Lower food prices likely cooled India’s inflation rate in August, a Reuters poll showed, but probably not by enough to give the central bank scope to ease monetary policy again anytime soon.Official data on the consumer price index is due to be released at 1200 GMT on Monday. The median ... Read More »
