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 »
Facebook says it will allow an iconic photograph of a girl fleeing a Napalm attack taken during the Vietnam war in 1972 to be used on its platform. It had previously removed the image, posted by a Norwegian author, on the grounds that it contained nudity. The move sparked a ... Read More »
Genetic research on the world’s tallest land animal has found that there are four distinct species of giraffe, not just one as long believed, with two of them at alarmingly low population levels. Scientists on Thursday unveiled a comprehensive genetic analysis of giraffes using DNA from 190 of the towering ... Read More »
A steel industry plan to change its pension scheme and allow the sale of Tata’s British operations is likely to be scrapped in favour of a fix that avoids a political row, government and industry sources told Reuters. Tata in March put its British steel operations up for sale, saying ... Read More »
U.S. Vice President Joe Biden on Thursday called on the Republican-led Congress to allow a vote on funding to combat the Zika virus, calling the efforts to fight it a “national emergency.” Biden called for an up-or-down vote speaking alongside fellow Democrats at the Capitol. U.S. lawmakers are mired in ... Read More »
Arunachal Pradesh on Thursday ratified the Goods and Service Tax (GST) Bill to simplify the taxation by implementing single tax rates across the country. Deputy Chief Minister Chowna Mein, who also holds the Finance portfolio, moved the resolution for ratification of the Constitution (One Hundred and Twenty Second Amendment) Bill ... Read More »
KOLKATA: Indian Oil Corporation Ltd will start moving petroleum goods to Tripura via Bangladesh from Friday. The first convoy of tank trucks will be flagged-off from IOCL’s Guwahati terminal by executive director Dipankar Roy. This convoy of seven tank trucks will carry 84,000 litres of diesel and kerosene to Tripura ... Read More »
Singapore said on Thursday it did not know if the Zika virus detected in the country could cause the same birth defects and other disorders linked to an outbreak in Latin America. A DNA analysis of the mosquito-borne virus, which has infected almost 300 people in Singapore, including two pregnant ... Read More »
