Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries
By Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor
Commodities
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Commodities
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Oil rises as US inflation eases
By Paul Carsten LONDON (Reuters) – Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world’s biggest oil consumer, though Brent crude was still set
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ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal
(Reuters) – Top U.S. independent oil producer ConocoPhillips (NYSE:COP) said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of
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Technology
‘Gemini AI can make robots smarter,’ says Google
It looks like Google will be using Gemini 1.5 Pro’s ‘long context window.’ After introducing Gemini AI, Google seems to be training its robots with Gemini AI 1.5 Pro. Reportedly,
Economy
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Budget 2024 Expectation: Fiscal consolidation to continue but may see shift in spending mix, says Barclays; Will there be more allocations to core schemes?
Shreya Sodhani, Regional Economist, Barclays, said, “While maintaining focus on capex, we think the government will use increased receipts to fund higher revenue spending, balancing economic and political needs.” With
Economy
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Exports positive in April-June quarter despite global challenges, says Piyush Goyal
He also said that growth in the services sector is helping the country’s outbound shipments to register positive growth rates. India’s exports have recorded healthy growth in May and remained
Economy
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India’s WPI inflation rose to 16-month high of 3.36% in June on costlier food items
WPI inflation rose to 3.36 per cent in June primarily due to increase in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other
Commodities
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Oil holds its ground as Chinese demand concerns weigh
By Alex Lawler and Arunima Kumar LONDON (Reuters) – Oil held its ground on Monday as downward pressure from concern about demand in top importer China offset support from strong
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Oil prices settle down after data shows weaker US consumer sentiment
By Nicole Jao NEW YORK (Reuters) -Oil futures prices settled slightly lower on Friday as investors weighed weaker U.S. consumer sentiment against mounting hopes for a Federal Reserve rate cut
Cryptocurrency
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Crypto Industry Criticises Lack of Bank Support for Cryptocurrencies, Asks RBI to Define Crypto-Banking Relations
The request comes shortly after the Basel Committee’s decision to released a ‘disclosure framework’ for banks dealing with crypto transactions. India’s crypto sector says the RBI should take the first