[ad_1] International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel – the most used fuel in […]
Tag: ukraine
Saudi Aramco unveils record $48.4 billion profit in Q2
[ad_1] Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia’s war in Ukraine and a post-pandemic surge in demand […]
Russian promoted Indian oil refinery posts record profit of about $447 million
[ad_1] India’s Nayara Energy, part owned by Russian oil major RosneftMM, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil […]
Oil prices shoot above $95 per barrel ahead of OPEC+ meet
[ad_1] Oil prices edged higher in a choppy session after closing at the lowest level in more than five months, as traders counted down to an OPEC+ meeting on supply […]
Many nations see new records as inflation bites hard: 10 points
[ad_1] Inflation seems to be biting the world hard and new grim records are being registered as countries grapple with the aftermath of the pandemic, further aggravated by the Ukraine […]
Billionaire Tom Steyer bets on weather stations to battle climate
[ad_1] Galvanize led a $40-million funding round for San Francisco-based Arable, whose weather equipment gives farmers information on how much sunlight and water crops are getting, and can help optimize […]
Ukraine seeks debt freeze as war ravages economy
[ad_1] Ukraine has asked its international creditors, including Western powers and the world’s largest investment firms, to freeze its debt payments for two years so it can focus its dwindling […]
IMF to cut global growth outlook ‘substantially’ at next review
[ad_1] The International Monetary Fund will cut its global economic growth outlook “substantially” in its next update, as finance chiefs grapple with a shrinking list of options to address the […]
US inflation accelerates to 9.1%, once again exceeding forecasts
[ad_1] Economists projected a 1.1% rise from May and an 8.8% year-over-year increase, based on the Bloomberg survey medians. US inflation accelerated in June by more than forecast, underscoring relentless […]
Swiss inflation hits 29-year high on Ukraine war, supply chains
[ad_1] The pace is up from 2.9% in May, and well above the Swiss National Bank’s 2% target. Based on the European Union-harmonized measure, it was at 3.2%, compared with […]
This company by Gautam Adani is Asia’s best-performing IPO
[ad_1] India’s Adani Wilmar Ltd. is an outlier among Asia’s newly listed stocks. The food company has almost tripled since its debut while most newcomers are trading under water. Shares […]
PM Modi to attend Quad summit today, hold key bilateral talks
[ad_1] The Quad summit is aimed at further bolstering cooperation among the member nations – US, Australia, India, Japan – and discussing developments in the Indo-Pacific region. New Delhi: Prime […]
Starbucks to completely exit Russia as Ukraine war drags on
[ad_1] Starbucks said Monday it will cease operations in Russia, shuttering its 130 cafes in the country in the aftermath of the invasion of Ukraine. The move comes a week […]
Malaysia to halt export of 3.6 million chickens from June amid Shortage
[ad_1] The government set a ceiling price of 8.9 ringgit ($2) per chicken and said it would recognize more slaughterhouses abroad in a bid to boost local supplies and curtail […]
Recession fears, rising inflation spook global markets
[ad_1] European and Asian markets took a beating Thursday, while the dollar tumbled a day after Wall Street suffered one of its worst batterings in two years over recession fears […]
McDonald’s to exit Russia, sell business amid Ukraine war
[ad_1] American fast-food giant McDonald’s will exit the Russian market and sell its business in the increasingly isolated country, the company said Monday. Many Western businesses have pulled out of […]
Apollo makes $1 billion bet on Indian property with lending plan
[ad_1] Apollo Global Management Inc. is planning to lend about $1 billion to developers in India this year, betting on a recovery in the residential property market as the pandemic […]
Putin’s troops fail river crossing bid; Russia bombards homes in Donbas
[ad_1] Published on May 16, 2022 11:08 AM IST The Ukrainian Air Force claimed that it destroyed as many as 11 Russian aerial assets. It claimed that in the process, […]
LIC Debut puts millions of small investors’ faith to test
[ad_1] Millions of Indians investing in the country’s biggest listing could turn sour on the equity market if the stock follows the poor performance of its state-run predecessors. Prime Minister […]
How two Ukrainian art dealers rescued valuable paintings
[ad_1] It was a rescue operation that reads like the plot of a war thriller: an art dealer and a gallery owner from Ukraine risking their lives to save works […]
