Economy Financial News

Investing.com-- Oil prices hovered around more than three-month lows in Asian trade on Wednesday as signs of a surprise spike in U.S. inventories raised doubts over just how tight supplies would remain.

Investing.com-- Most Asian stocks moved in a flat-to-low range on Wednesday as recent comments from Federal Reserve officials suggested that the central bank may not be done raising interest rates. 

Investing.com-- Gold prices moved little in Asian trade on Wednesday, but were nursing steep losses over the past two sessions as hawkish comments from Federal Reserve officials saw traders reconsider expectations for more interest rate hikes. 

Woodside Energy chief executive Meg O’Neill has declared oil and gas demand will remain “resilient” for decades as the company pushes ahead with almost $40 billion of new large-scale projects in Australia, Senegal and Mexico, despite mounting pressure to decarbonise.

HONG KONG (Reuters) — China's economic policy shift and the investment opportunities it is creating are drivers for long-term bets in the country by global asset managers, top executives said on Wednesday.

Alliance (NDA) government led by PM Atal Bihari Vajpayee. Did the NDA lose the national elections later that year due to the introduction of NPS? There are dishonest pundits who will claim that the NDA paid the price of reforming the pension system. My contention is that electoral outcomes are more swayed by emotional issues, so post facto attribution to single causes is always misleading, if not outright wrong.

deja vu with the launch of Bharat Atta in 2023. It’s as if the world’s fastest-growing large economy is suddenly regressing to a past socialistic pattern – one in which the state produced and sold Hindustan Salt, Hindustan Machine Tools (HMT) and Modern Bread. The government must draw a line beyond which it will not intervene in the economy, especially in the food sector, the distorting impact of which is well recognised.

₹700.28 crore in Indian stocks today.Oil fell to a three-month low as a forecast drop in US gasoline consumption added to a growing array of indicators suggesting the demand outlook is worsening.Aramco maintained its dividend to the Saudi government despite a drop in production and weaker oil prices as the kingdom tackles a widening budget deficit.The total payout of $29.4 billion to the state and other investors, including a special component, held at the previous quarter’s level even as lower output helped push net income 23% down year-on-year to $32.6 billion in the third quarter.The world’s biggest crude oil exporter provides much of the Saudi government’s income via generous dividends. (Read More)IndiGo, India's largest airline, anticipates grounding at least 35 planes in the upcoming March quarter due to powder metal issue with the Pratt & Whitney engines.This adds to the nearly 40 aircraft already grounded for other engine-related issues.

Aramco maintained its dividend to the Saudi government despite a drop in production and weaker oil prices as the kingdom tackles a widening budget deficit. The total payout of $29.4 billion to the state and other investors, including a special component, held at the previous quarter’s level even as lower output helped push net income 23% down year-on-year to $32.6 billion in the third quarter. The world’s biggest crude oil exporter provides much of the Saudi government’s income via generous dividends.

Sensex ended 16.29 points, 0.03%, lower at 64,942.40, while the Nifty 50 closed down 5.05 points, or 0.03%, at 19,406.70. “Market has shown resilience at lower levels, despite a subdued global environment. We expect the market to gradually move upwards given a strong Indian economy and healthy earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Investing.com — Stocks rose for a seventh-straight trading day as investors shook off concerns about interest rates.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

By Hari Kishan

Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. 

(Reuters) -E-commerce platform eBay (NASDAQ:EBAY) forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday as rising competition from the likes of Amazon (NASDAQ:AMZN) amplify the hit from softer consumer spending due to sticky inflation.

By Mike Stone

The Albanese government should not cut back hard on infrastructure projects as part of its review of the project pipeline, with road and rail projects still needed to deal with strong population growth up to 2050, major lobby groups say.

Uber chief executive Dara Khosrowshahi has declared pay laws will not hold the gig economy giant back. It can even cope with European markets where drivers are employees, Mr Khosrowshahi told investors on an earnings call overnight.

Investing.com — “No, not again!” — the Saudis must be thinking.

The third-quarter GDP report surprised most economists with a blow-out 4.9% gain. Is a downside reversal brewing for Q4?

By Steven Scheer and Marc Jones