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Oil eases amid rising coronavirus cases worldwide

Commodity price
84 views 2 mins

By Administrator_India Capital Sands   Oil prices fell on Monday, unnerved by the prospect that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world. Brent crude was down 25 cents, or 0.6%, at $42.89 a barrel, after dropping slightly last week. U.S. oil was […]

FEATURE

Gold Down Over New COVID-19 Vaccine Hopes, Continued Stimulus in Europe

Commodity price
79 views 47 secs

By Administrator_India Capital Sands   Gold was down on Friday morning in Asia over new hopes for COVID-19 vaccines coming out of both the U.S. and U.K., and the European Central Bank (ECB) signalling that it may leave interest rates and stimulus unchanged in the near future. Gold futures were down by 0.12% to $1,798.15, retreating […]

FEATURE

Oil Down With OPEC+ Signalling Production Cuts, While U.S.-China Tensions Rise

Business
81 views 42 secs

By Administrator_India Capital Sands   Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday. Starting in August, the group will cut production by 7.7 million barrels per day, compared to the current 9.7 million bpd cut currently in place.” […]

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Oil Up Over Draw in API Crude Oil Inventories

Commodity price
83 views 51 secs

By Administrator_India Capital Sands   Oil rose on Wednesday morning in Asia, with investor sentiment improved after the U.S. reported a significant drop in crude oil inventories. The American Petroleum Institute (API) estimated an 8.322 million-barrel draw for the week ended July 10. The draw was bigger than analyst forecasts of a 2.1 million-barrel draw and reversed […]

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China’s Trade Rose in Yuan Terms in June Amid Worsening Virus

China
85 views 2 mins

By Administrator_India Capital Sands China’s exports and imports rose in yuan terms in June, even as the pandemic continued to ravage the global economy. Exports grew 4.3% in yuan terms in June from a year earlier, while imports rose 6.2%, the customs administration said Tuesday. Economists had forecast that exports would increase by 3.5% while […]

FEATURE

Oil slips as traders eye supply cut easing at OPEC meeting

Covid-19
84 views 52 secs

By Administrator_India Capital Sands   Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude fell 27 cents to $42.97 a barrel, while U.S. West Texas Intermediate crude was […]

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Yuan Turns Into Global Risk Bellwether as China Leads Recovery

China
89 views 3 mins

By Administrator_India Capital Sands As the dollar shows signs of exhaustion, the yuan is taking over as the barometer of global risk sentiment. A worldwide rally in stocks, bonds and commodities is decoupling from the U.S. currency, which entered a bearish phase in June and is grinding lower for a fourth month. The rally is […]

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‘Weaponized’ Facebook fails to protect civil rights, audit report says

Euro Prices
81 views 3 mins

By Administrator_India Capital Sands   Facebook Inc’s decisions to allow controversial posts by President Donald Trump established a “terrible precedent” that could allow the platform to be “weaponized to suppress voting,” an external civil rights audit found on Wednesday. The report, which Facebook commissioned two years ago, said the social network has not done enough […]