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Asian shares at 9-month highs on inflow bets; dollar strong

Asian shares at 9-month highs on inflow bets; dollar strong

Asian stocks climbed to nine-month highs on Thursday, helped by a pickup in capital inflows and a recovery in global oil prices, while the dollar stood strong on growing bets of a U.S. rate increase as early as September.

Drop in global oil prices windfall for Indian economy: IMF

Drop in global oil prices windfall for Indian economy: IMF

Terming the slump in global oil prices as a "large windfall" for India, the IMF said this has allowed the country to spend more on goods and services, and a "sharp decline" in inflation.

Oil rockets from 12-year low on renewed talk of OPEC cut

Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk.

Lower inflation result of reforms, global oil prices: FinMin

Lower inflation result of reforms, global oil prices: FinMin

WPI-based inflation has come down from 6.0 percent in 2013-14 to 2.0 percent in 2014-15. The wholesale inflation has been in the negative zone since November 2014 and stood at -3.8 percent in October 2015.

Oil prices climbs as Turkey shoots down Russian jet

Global oil prices rose today after Turkey shot down a Russian jet on the Syria border, sparking fresh tensions in the crude-rich Middle East, dealers said.

Kuwaiti emir warns budget down 60% on low oil prices

Kuwait's ruler warned Tuesday his nation's revenue is down some 60 percent due to low global oil prices, urging citizens of this tiny country to be prepared for any economic reforms.

Oil prices rebound in Asia on bargain-hunting

Oil prices rebound in Asia on bargain-hunting

Oil rebounded in Asia today on bargain hunting following a sharp fall the day before as lingering concerns about the global crude supply glut continued to keep a lid on gains.

Gas price cut to $3.82, will dent govt revenues by Rs 800 cr

Gas price cut to $3.82, will dent govt revenues by Rs 800 cr

Locally produced gas in India will cost 18 percent less during October-March compared with the first half of the current fiscal year, a source with knowledge of the matter said on Wednesday, due to a decline in global prices.

India should buy overseas assets aggressively: Pradhan

Opportunities emerging from low oil prices were discussed at a meeting called by Prime Minister Narendra Modi with business leaders, bankers and bureaucrats yesterday against the backdrop of global economic turmoil, he said.

Watch: Should there be a cut in petrol and diesel prices?

Brent on Wednesday was up 30 cents at $43.51 a barrel by 1300 GMT, and US crude was up 10 cents at $39.41 a barrel.

OPEC expected to keep status quo on oil output

However on Thursday, New York`s West Texas Intermediate (WTI) crude and London`s Brent oil both fell sharply for a second day as traders fretted that a no-change OPEC decision would further fuel the burgeoning global supply glut.

Crude oil futures surges by Rs 65 on Asian cues

Crude oil for delivery in June was trading notably higher by Rs 65, or 1.77 percent to Rs 3,733 per barrel, with a business turnover of 4,545 lots in futures trading at the Multi Commodity Exchange.

Exports to China to pace up at 14% a year in 2020-30: HSBC

Exports to China are expected to grow by around 14 percent a year in the decade to 2030, potentially outpacing outbound shipment growth to any other country, said an HSBC trade forecast report.

Oil prices mixed in Asian trade

Oil is on an uptrend but neither is it on a steady fall. Oil has stabilised at current prices, and in dicates both the WTI and Brent to remain in this USD 60-USD 70 range.

Oil prices slip in Asian trade

Now, the rally seems to have fizzled out probably due to profit-taking as the market re-adjusts.

Oil prices mixed in Asian trade

Global oversupply with weak demand, continue to put a cap on prices despite geopolitical unrest.

Global oil prices shoot higher

Global oil prices rebounded sharply on Tuesday on the falling greenback, which makes dollar-priced crude cheaper for buyers using stronger currencies.

Oil prices retreat on strong dollar

The rebounding greenback makes dollar-priced oil more expensive.

China becomes world's top crude buyer despite economy stuttering

China`s crude oil imports hit a record of almost 7.4 mn bpd, ahead of US.

FM Jaitley expects global crude oil prices to stabilise soon

Worried over the impact of crude price volatility on the economy, Finance Minister Arun Jaitley on Friday hoped that the situation in the Middle East would improve leading to stabilisation of oil prices.