Most Read News

The Commerce Department released a report on Wednesday showing new home sales in the U.S. pulled back sharply in September after unexpectedly skyrocketing in August, although the decrease was smaller than expected. The report showed new home sales tumbled by 10.9 percent to an annual rate of 603,000 in September after soaring by 24.7 percent to a revised rate of 677,000 in August. Meanwhile, the […]

Probability of markets seeing volatility is also high today

A report released by the Conference Board showed U.S. consumer confidence pulled back by much more than expected in the month of October. The Conference Board said its consumer confidence index slumped to 102.5 in October from a revised 107.8 in September. The bigger than expected pullback by the headline index came as the present situation index tumbled to 138.9 in October from 150.2 in […]

Copper is consolidating gains in early Asia on Thursday following a sharp spike in the previous session buoyed by a weaker dollar amid hopes the pace of US interest rate hikes would slow down. Yesterday, copper climbed around 4% to $3.54 mark. Currently, the red metal is lingering lower by half a percent at $3.52 per pound tracing equities that gave up its winning streak […]

Gold is seen holding near higher levels on Thursday following a sharp comeback of nearly 1% in the previous session. The yellow metal climbed to a two week high above $1665 mark as the greenback weakened to a one-month low on expectations that a slowdown in U.S. economic growth will push the Fed into softening its pace of interest rate hikes this year. The dollar […]

The textile company said it has completed a solar power project of 8.87 MWp at Budhni in Madhya Pradesh.

The Energy Information Administration reported a crude oil inventory increase of 2.6 million barrels for the week ending October 21. This compared with a draw of 1.7 million barrels for the previous week, accompanied by moderate moves in fuel inventories. Last week, the EIA reported a draw of 1.5 million barrels in gasoline inventories and a moderate increase of 200,000 barrels in middle distillate inventories. […]

Brent crude futures were up 25 cents, or 0.3%, to $95.94 per barrel. WTI crude for the United States gained 19 cents, or 0.2%, to $88.10.

Trading could be volatile today as traders roll over positions in the F&O segment from the near month October series to November series. The October 2022 F&O contracts will expire today, 27 October 2022. SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 95 points at the opening bell. Global markets: Overseas, Asian stocks are […]

Hero MotoCorp: Hero MotoCorp is set to commence its operations in the Philippines. Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, one of the leading and most experienced automotive group is partnering with Hero MotoCorp in bringing its globally popular motorcycles to the country. As part of the partnership, TMC will be the exclusive assembler and distributor of Hero MotoCorp motorcycles […]