Business

November 11, 2024 7:09 PM

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Oil prices drop as China’s stimulus plan fails to meet investor expectations

Oil prices fell today, as China's stimulus plan disappointed investors waiting for fuel demand growth in the world's top oil importer. Brent Crude was trading one and a half per cent down at 72 dollars and 76 cents per barrel, and WTI Crude lost over 1.7 per cent to trade at 69 dollars and 17 cents ...

November 11, 2024 6:42 PM

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Asian markets show mixed performance while European indices gain

Major Asian indices displayed mixed trends today. China's Shanghai Composite Index advanced over half per cent, Singapore's Straits Times index added over 0.3 per cent, and Japan's Nikkei was marginally up 0.08 per cent. Conversely, Hong Kong's Hang Seng Index dropped nearly one and half per cent, a...

November 11, 2024 5:56 PM

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Rupee closes at 84.39 against US dollar

In the Forex market, the rupee today ended at 84 rupees and 39 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading at 105.43 in intra-day trade.

November 10, 2024 8:58 PM

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Global crude oil prices rise nearly 3%

Global crude oil prices rose nearly 3 per cent last week as the market settled in after the US election results and speculations about stimulus efforts from the world’s No. 1 importer China. Brent crude oil futures ended the week at 73.87 dollars per barrel on Friday, while US crude settled at 70.35...

November 10, 2024 6:55 AM

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Govt procures over 120 LMT of paddy in Kharif Marketing Season 2024-25 so far

The government has procured over 120 lakh metric tonnes (LMT) of paddy in Kharif Marketing Season (KMS) 2024-25 till Nov 8 and has benefitted 6.58 lakh farmers in Punjab with a Minimum Support Price (MSP) value of 27,995 crore rupees. The Ministry of Consumer Affairs, Food, and Public Distribution s...

November 9, 2024 4:40 PM

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S&P 500 surpasses 6,000 mark, closes biggest weekly gain in a year

The S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, as Donald Trump's election victory and a possible Republican Party sweep in Congress fueled expectations for favourable business policies. Also supporting stocks this week was a widely expe...

November 8, 2024 6:51 PM

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Oil prices slip

       Oil prices slipped today as concerns over Hurricane Rafael disrupting the US oil and gas production eased. Brent Crude was trading 1.04 percent down at 74 dollars and 84 cents per barrel, and WTI Crude lost 1.3 percent to trade at 71 dollars and 42 cents per barrel, when the reports last came...