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WTI Oil Heads for Biggest Weekly Drop in a Month
May 24, 2013 at 20:00 | Source: Bloomberg
West Texas Intermediate crude fell, heading for its biggest weekly drop in a month, amid ample U.S. fuel stockpiles and concern that the Chinese economy will slow. Futures declined as much as 1.3 percent after a government report this week showed tha...
WTI Oil Heads for Biggest Weekly Drop in a Month on Ample Supply
May 24, 2013 at 20:00 | Source: Business Week
West Texas Intermediate crude fell, heading for its biggest weekly drop in a month, amid ample U.S. fuel stockpiles and concern that the Chinese economy will slow. Futures declined as much as 1.3 percent after a government report this week showed tha...
Goldman Advises Selling WTI Oil, Buying Brent for December 2014
May 24, 2013 at 18:00 | Source: Bloomberg
Goldman Sachs Group Inc. (GS) recommended selling West Texas Intermediate crude and buying North Sea Brent contracts for December 2014 as supplies accumulate on the U.S. Gulf Coast. The discount on WTI for delivery in December 2014 against the ...
MRPL reports Rs 61.90 cr net loss in Q4
May 24, 2013 at 17:47 | Source: The Hindu BusinessLine
New Delhi, May 24: Mangalore Refinery and Petrochemicals Ltd (MRPL) today reported a net loss of Rs 61.90 crore in the March quarter on the back of sharp drop in refining margins. MRPL, a subsidiary of state explorer Oil and Natural Gas Corp (ONGC),...
India may get fresh Iranian sanctions waiver on oil import from US
May 24, 2013 at 17:18 | Source: FirstPost
New Delhi: India has made "tremendous progress" in reducing oil imports from Iran, a senior US government official said on Friday, in a sign the South Asian nation is likely to get a third waiver from sanctions imposed by Washington against...
India likely to get fresh US waiver on business with Iran
May 24, 2013 at 16:56 | Source: The Hindu BusinessLine
New Delhi, May 24: India may soon get a fresh waiver from the sanctions imposed on doing business with Iran, the US indicated today while noting that India has made “tremendous progress” in reducing imports of oil from the Persian nation...
Mkts consolidate: Nifty ends in green; Tata Steel, United Spirits top gainers
May 24, 2013 at 16:00 | Source: FirstPost
3. 30 pm: Markets close on a high after a 4-day losing streakAfter a 4-day losing streak, the Indian market closed high today, rebounding as Tata Steel surged after its March-quarter operating profit beat analyst estimates.The BSE Sensex closed at 19...
US official hints at renewed Iranian sanctions waiver
May 24, 2013 at 15:46 | Source: Economic Times
NEW DELHI: India has made "tremendous progress" in reducing oil imports from Iran, a senior USgovernment official said on Friday, in a sign the South Asian nation is likely to get a third waiver from sanctions imposed by Washington against Tehran's n...
HPCL to buy up to 40,000 barrels per day of Basra light oil from Total
May 24, 2013 at 15:07 | Source: Economic Times
NEW DELHI: Hindustan Petroleum Corp will buy up to 40,000 barrels per day (bpd) of Basra light oil from France's Total at a discount to the official selling price, said a source at the firm. HPCL will lift 15,000 bpd of the Iraqi oil with an option t...
Volatile Nikkei keeps Asian stocks on edge
May 24, 2013 at 15:07 | Source: Economic Times
SYDNEY: Asian stocks fell to one-month lows on Friday and the yen rebounded broadly as extreme volatility in the Nikkei kept investors on edge. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.4 percent and reached levels not seen s...
India to get third US waiver from sanctions on Iran imports?
May 24, 2013 at 14:41 | Source: FirstPost
New Delhi: India has made "tremendous progress" in reducing oil imports from Iran, a senior US government official said on Friday, in a sign the South Asian nation is likely to get a third waiver from sanctions imposed by Washington against...
Oil futures below $94, on track for weekly loss
May 24, 2013 at 12:32 | Source: Market Watch
LOS ANGELES (MarketWatch) — U.S. crude-oil futures Friday were on track for a fourth consecutive losing session, with concerns about lackluster energy demand following weak Chinese data also helping oil prices fall for the week. Crude for July del...
Asian stocks shaky, Nikkei still seen vulnerable
May 24, 2013 at 10:35 | Source: Economic Times
SYDNEY: Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger rout. In a sign that many are still spooked by Thursday's ey...
Live: Despite plunge in markets, FIIs buy Indian stocks
May 24, 2013 at 10:12 | Source: FirstPost
10 am: Despite a sharp plunge in markets sparked by worries the Fed would unwind its monetary stimulus earlier than expected, foreign institutional investors (FIIs) extended their record net purchases of Indian stocks to a 26th consecutive session to...
Gold could pause for direction; currency movements hold key
May 24, 2013 at 09:57 | Source: The Hindu BusinessLine
Chennai, May 24: Gold prices on spot and futures market are likely to be range-bound on Friday caught between various factors. Speculation that the US Fed will continue its stimulus package kept interest in gold in tact. But falling investors’...
India s core sector output data could be significantly understated
May 24, 2013 at 09:26 | Source: Economic Times
NEW DELHI: India's core sector output that grew at the slowest in a decade in 2012-13 could be significantly understated. The official numbers don't include oil output from a five-year-old unit in the world's largest refinery run by India's biggest ...
Pre-market: Nifty seen opening soft; may test 5950 levels
May 24, 2013 at 09:26 | Source: Economic Times
NEW DELHI: The 50-share Nifty index is expected to open soft on Friday tracking muted Asian markets. The index is expected may test its key psychological level of 5950 in trade today, as weakening currency may trigger another round profit taking. At...
JSW Steel Q4 net dips 24% to R573.23 crore
May 24, 2013 at 08:37 | Source: Financial Express
JSW Steel reported a 24% fall in fourth-quarter standalone profit to R573.23 crore, as shortages of iron ore forced it to operate below capacity. The Sajjan Jindal-promoted company, however, signalled improved performance in the current fiscal as it...
India leads Asian cuts in Iran oil imports ahead of waiver review
May 24, 2013 at 08:37 | Source: Financial Express
India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among Asian buyers, in a move that should increase its chances of winning a new US waiver next month on sanctions targeting oil trade with Iran. Sanctions impos...
Asian stocks steadier, Nikkei bounces back
May 24, 2013 at 07:00 | Source: FirstPost
SYDNEY (Reuters) - Asian shares opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh of relief when Wall Street cut losses on an upbeat outlook from Hewlett-Packard.A...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
