US CRUDE PRODUCTION
BYPL, Schneider Electric sign MoU for safety & home automation products
The partnership envisages to make electricity usage safer, smarter and sustainable using technology and creating awareness. This will be accomplished through two programs and working closely with the Resident Welfare Associations (RWAs), Industrial Welfare Associations and nominated local electricians in East and Central Delhi, an official statement said.
Shares, oil slide as China virus fears intensify; yen, Treasuries in demand
US S&P 500 mini futures was last down 0.9 per cent, having fallen...
Oil drops below $60 as China virus drives demand concern
US crude was down by $1.63, or 3 per cent, at $52.55.
Sensex tumbles 458 pts, Nifty below 12,150; factors behind market pain
BSE Metals index was the top sectoral loser, with all of its components ending in the red.
US-China trade settlement: What's in it for India?
India and several Asian countries are not in the same league as the US when it comes to supplying quality goods from the industrial and agriculture sectors. Indian grains and vegetables have not been able to overcome testing requirements essential to access the Chinese market. But there are situations where trade logic does not work in its entirety.
Oil prices skid 2%, extending slide as China virus spreads
US crude slipped by $1.14, or 2.1 per cent, to $53.05, having earlier eased to $52.15.
Crude oil outlook bearish, weak demand a big worry
Global oil demand growth is still languishing and the market will be closely following Opec+.
India, US agree to resolve amicably dispute over steel import duty
The WTO dispute resolution body has ruled against the US in this case stating that the high duty imposed by America on certain hot-rolled carbon steel flat products from India was inconsistent with various provisions of the WTO's Agreement on Subsidies and Countervailing Measures.
Saudi Arabia says all options open at Opec+ meeting, including further cuts
Opec+ agreed in December to widen their supply cuts by 500,000 barrels per day (bpd) to 1.7 million bpd until the end of March.
Rupee strengthens 2 paise to 71.19 on easing crude prices
The 10-year Indian government bond yield was at 6.64 per cent.
Travel, tech stocks lead Wall St lower as China virus fears mount
The benchmark S&P 500 was jolted off record highs last week as China locked down several cities and curbed travel.
J&J chief testifies he did not read all documents related to asbestos in talc
Asked by a plaintiffs' lawyer whether he read all documents linked to a Dec. 14, 2018, Reuters report, Gorsky replied, "I did not read all the documents but I would rely on the experts in these fields."
Oil falls below $61, heads for weekly loss on China virus concerns
Global benchmark Brent was down $1.13 to $60.91 by 1440 GMT.
Rupee slips 7 paise to 71.26 as China virus fears spook investors
At the interbank foreign exchange market, the local currency opened on a weak note at 71.21.
Cotton prices on track for worst week in 4 months
Cotton contracts for March fell 0.55 cent, or 0.79 per cent, to 69.48 cents per lb.
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