Saudi Arabia Financial News

06.07 / 06:07

UPS BLOCK Oil edges higher as shrinking U.S. stockpiles offset rate hike jitters

Investing.com — Oil prices rose slightly in Asian trade on Thursday as markets weighed signs of a bigger-than-expected draw in U.S. inventories and tighter supplies against fears of rising interest rates.

06.07 / 04:45

UPS Target Manufacturing CEO Strategy Southern expansion Endefo’s India expansion harps on local manufacturing in line with shift away from China

Endefo, an electronics brand under the Ashtel Group of Companies, is looking to amplify its footprint beyond southern India to capture all corners of the country and eventually be a strong player in the government’s Make in India initiative. Aneef Tas, CEO of Endefo, told ET Online’s Gourab Das in an exclusive interaction that the company’s planned Rs 200 crore investment in India will go into ramping up R&D and product development in the country now, as it seeks to not only manufacture everything here for local consumption but also export products to the world. Tas also sheds light on product launches, pricing and marketing strategies.

06.07 / 03:53

Reuters NIFTY SENSEX open Rupee falls 13 paise to open at 82.36 against the US dollar

rupee depreciated 20 paise to close at 82.23 against the US dollar on Wednesday Most Asian currencies were down 0.2% to 0.4%. The 2-year Treasury yield rose to 4.9630% in Asia, hovering near the highest since March, Reuters reported.

06.07 / 02:45

UPS FIVE Reuters Cooper Oil prices Oil prices steady as China demand fears offset tighter supply forecasts

Oil prices moved little in early Asian trade on Thursday as the prospect of tighter supply with output cuts from Saudi Arabia and Russia and a bigger-than-expected drop in U.S. crude stocks were offset by worries over a sluggish demand recovery in China. Brent crude futures was down 2 cents to $76.63 a barrel by 0038 GMT after settling up 0.5% the previous day.

05.07 / 18:07

UPS Gap Oil: U.S. crude closes gap with Brent, exports make it look superior of the two

Investing.com — U.S. crude jumped Wednesday while prices for Brent remained lame. On the surface, it was a catch-up to the previous session when the international benchmark was up strongly while U.S. markets were closed for the 4th of July holiday. But a closer look at export numbers suggest a trend may be forming.

05.07 / 16:29

UPS Provident Gap Oil rallies as trader weigh latest OPEC+ gambit

Oil rose as traders weighed Saudi Arabian and Russian production cuts after a slew of low-volume trading sessions.

05.07 / 14:21

Provident Lowe's 2024 Morgan Stanley cuts oil price forecasts, sees surplus in H1 2024

(Reuters) — Morgan Stanley (NYSE:MS) on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half of 2024 with non-OPEC supply growing faster than demand next year.

05.07 / 14:21

FIVE Cooper Brent oil lower; global slowdown concerns grow

Investing.com — Global oil benchmark Brent weakened Wednesday on renewed worries of a global economic slowdown, overshadowing the news earlier this week of more supply cuts from a series of top producers.

05.07 / 14:03

Provident Platform CBS RAI Time Spain U21 vs Ukraine U21 live streaming: Date, time, how to watch Euro U21 Semifinal 2023

Egypt: 9:00 PM France: 9:00 PM Israel: 10:00 PM Italy: 9:00 PM Morocco: 9:00 PM Norway: 9:00 PM Poland: 9:00 PM Portugal: 8:00 PM Saudi Arabia: 10:00 PM Serbia: 9:00 PM Spain: 9:00 PM Sweden: 9:00 PM Switzerland: 9:00 PM Ukraine: 10:00 PM United Arab Emirates: 11:00 PM United States: 3:00 PM (Eastern Time)

05.07 / 13:15

Provident Target FIVE Reuters Cooper Oil prices Oil prices today: Brent, MCX crude pare gains on economic headwinds even as traders weigh supply cuts

₹5,863 per bbl, having swung between ₹5,795 and ₹5,895 per bbl during the session so far, compared to their previous close of ₹5,850 per bbl. Also Read: Asia refiner expects Saudi Arabia to cut August crude prices -Brent has dropped from $113 per barrel a year ago, sent lower on concerns of sluggish economic growth. However, both Saudi and Russia have been trying to raise oil prices with new output cuts.

05.07 / 12:45

UPS FIVE Cooper Brent crude steady as economic fears offset supply cuts

By Natalie Grover

05.07 / 05:03

UPS Reuters NIFTY SENSEX Rupee opens marginally lower at 82.05 against the US dollar

US Federal Reserve June meeting minutes, due later in the day. The local unit fell 3 paise to open at 82.05 a dollar as compared to the previous close of 82.02. Asian currencies declined on Wednesday after data revealed that China's services activity retreated in June.

05.07 / 02:47

NASDAQ DOW COMPOSITE NIFTY Nikkei KOSPI Indian Gift Nifty flat, Asian shares trade lower; Check out key triggers for Indian stock market

Indian market scaled record high for the fourth consecutive session on Tuesday led by robust foreign capital inflow amid optimism over the country’s bright macroeconomic outlook. Also Read: Buy or sell: Vaishali Parekh recommends buying in 3 stocks today — 5 July Japan’s Nikkei 225 declined 0.36% and the Topix fell 0.5%. South Korea’s Kospi gained 0.15% and the Kosdaq rose 0.11%.

05.07 / 02:23

UPS Reuters Oil prices Oil prices ease as worries over global economic slowdown weigh

supply due to output cuts announced by top exporters Saudi Arabia and Russia for August. Brent crude was down 14 cents, or 0.2%, at $76.11 a barrel by 0027 GMT, after climbing $1.60 on Tuesday. U.S.

05.07 / 01:55

UPS NASDAQ NIFTY VIX GIFT Nifty up 10 points; here's what changed for market while you were sleeping

«The market is maintaining its optimism. However, a profit-booking tendency is visible at the upper band as the recent rally has raised the market to the historic new high range,» said Vinod Nair, Head of Research at Geojit Financial Services. Option data suggests a broader trading range in between 19100 to 19600 zones while an immediate trading range in between 19250 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 12 points, or 0.06 per cent, higher at 19,505.50, signaling that Dalal Street was headed for muted start on Wednesday.

05.07 / 01:29

COST UPS Saudi oil cuts see top buyers looking at alternatives

Saudi Arabia and Russia's latest pledged output cuts deprive them of barrels. The two producer countries said on Monday that they will prolong and deepen output cuts into August. Along with reductions they already made, and ongoing curbs by other nations in the OPEC+ alliance, total supply curtailments will amount on paper at least to 3.1 million barrels a day, or about 3% of global consumption.Traders in Asia said there's a plentiful supply of barrels from producers outside of the 23-nation alliance particularly in locations like the US, West Africa and the North Sea that they will turn to if the region does bear the brunt of the latest cuts.

04.07 / 23:13

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p Energy stocks help lift S&P/TSX composite Tuesday as oil tops US$70 a barrel

Gains in energy and battery metals helped lift Canada’s main stock index higher Tuesday as the price of oil also rose above US$70 a barrel.

04.07 / 20:41

UPS Global markets update: European stocks gain, led by real estate and healthcare

Oil prices Crude oil prices rose on Tuesday, after Saudi Arabia and Russia's announcement of further output cuts. Brent crude futures climbed 1.5% to $75.74 a barrel, with West Texas Intermediate crude up by the same amount at $70.87.

04.07 / 14:53

UPS Provident Waves Manufacturing MSCI Stocks drift as investors balance peak rate hopes with oil price rise

By Naomi Rovnick and Xie Yu

04.07 / 14:23

UPS Waves Reuters Manufacturing Commerzbank Oil trades higher as market weighs supply cuts by top exporters; Asia expects Saudi to cut August prices

extend its voluntary output cut of 1 million barrels per day (bpd) to August, while Russia and Algeria volunteered to lower their output and export levels for August by 500,000 bpd and 20,000 bpd respectively. Also, Asian refiners expect Saudi Arabia to lower prices for its crude supply to the region in August, according to a survey by news agency Reuters, even as the top oil exporter pledged to deepen production cuts as part of a broader deal by the Organization of the Petroleum Exporting Countries and its allies, or OPEC+.

04.07 / 13:13

Reuters Cooper Action UN Human Right Council to host urgent meeting over Sweden Koran burning incident

Reuters reported. A spokesperson of the global human rights body also informed that it will likely conduct a debate on the issue of the rise of religious hatred later this week. The Koran burning incident in Sweden drew criticism from various quarters.

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