Oil prices fell in early Asian trading on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. Brent crude futures fell by as much as $1, or 1.1% to …
Mumbai: Overseas fund managers raised their bearish derivative bets on India last week as a jump in crude oil prices in the wake of the Iran-Israel conflict and growing uncertainty about interest rate cuts in the US heightened risk aversion. The long-short ratio of foreign portfolio investors (or FPIs’) Nifty futures bets fell to 35.4% …
NEW YORK: A strong US economy is among factors that may help American corporate earnings top current forecasts, according to Goldman Sachs Group Inc. S&P 500 companies’ earnings per share will rise 5% to $237 this year, Goldman strategists led by David Kostin have predicted. That’s already above the median $231 forecast of strategists tracked …
Mumbai: The chief economic advisor V Anantha Nageswaran does not see the likely jump in oil prices due to global factors, including global slowdown and geo-political conflicts, impacting the domestic economy in a major manner next fiscal. Addressing the SBI-organised economic conclave here on Thursday, he based his optimism on the assumption that cooling off …
Crude oil witnessed a steep fall on demand worries and concerns over surplus supply. Prices remained averse after an underwhelming production cut initiated by OPEC plus countries in its latest meeting which ended on November 30. The US benchmark, NYMEX futures, slipped below $70 a barrel last week while its Asian counterpart, Brent crude, traded …
The reason for Veliyath’s confidence in the small-caps stems from, what he says, abundant value opportunities in the space. He believes that growth is imperative and not a choice for small companies. He also avers that it is among these small companies that one can find the multi-baggers. Among his small-cap picks, Hindware Homes, Tata …
Saudi Arabia and Russia Tuesday announced fresh extensions to their voluntary supply cuts, spurring a 2% increase in oil prices. The extension stretches a combined 1.3 million barrel per day (bpd) reduction for another three months through December. Brent crude futures for November were up $1.44, or about 1.6%, to $90.44 a barrel by 1334 …