News Overview

On 14 December 2022

EIA stated in its latest Short Term Energy Outlook that global oil inventories in its forecast fall by 0.2 million barrels per day (b/d) in the first half of 2023 (1H23) before rising by almost 0.7 million b/d in 2H23. This forecast leaves global oil inventories higher at the end of 2023 than EIA had forecast in the November STEO, which results in Brent crude […]

Business Wire India Wasabi Technologies, the hot cloud storage company, today completed its Series D funding round with an additional $15 million in new equity headlined by Azura, SiS Cloud Global Tech Fund 8, and existing investors including Prosperity7 Ventures. Following $125M in equity closed in September 2022, the additional funding brings Wasabi’s Series D to $140 million. Along with its existing debt facility, the […]

The Singapore stock market finished session higher on Thursday, 08 December 2022, snapping two days losing streak, thanks to broadly positive lead from other regional bourses, after Chinas top health officials said the nation is getting closer to a return to normalcy. However, market gains capped amid growing fears of an economic slowdown and worries over the pace of the Federal Reserves interest rate hikes. […]

The equity barometers snapped four-day losing streak on Thursday, after Bhartiya Janata Party (BJP) cemented its lead in the Gujarat Assembly polls. Investors cheered after election trends showed that incumbent BJP will form government in Gujarat, brightening prospects of the party retaining its power at the Centre in 2024. The barometer index, the S&P BSE Sensex advanced 160 points or 0.26% to 62,570.68. The Nifty […]

Hong Kong share market finished session sharply higher on Thursday, 08 December 2022, recouping yesterdays losses, as an easing of Chinas COVID restrictions boosted sentiment among investors. At closing bell, the benchmark Hang Seng Index advanced 635.41 points, or 3.38%, to 19,450.23. The Hang Seng China Enterprises Index was up 233.82 points, or 3.63%, to 6,666.77. The Hang Seng Index has risen 32.4 per cent […]

Positive domestic equities supported the Indian rupee to end higher on Thursday, even as dollar strength overseas limited gains in the domestic unit. Rupee consolidated in a narrow range and settled 3 paise higher at 82.44 (provisional) against the US dollar. At the interbank foreign exchange market, the local unit opened at 82.34 and touched an intra-day high of 82.26 and a low of 82.47 […]

The U.S. government will be exporting up to 353 Bcf of natural gas to the UK next year. As a part of the initiative disclosed Wednesday, called the UK-US Energy Security and Affordability Partnership, the countries have formed a joint action group. UK and White House officials said the partnership could stabilize global energy markets and lessen dependency on Russian commodities. Under the agreement, the […]

Hindustan Unilever (HUL) today announced its strategic investments in Zywie Ventures (OZiva) and Nutritionalab (Wellbeing Nutrition).

Indian Railways Production Units i.e. Chittaranjan Locomotive Works (CLW) at Chittaranjan, Banaras Locomotive Works (BLW) at Varanasi, Patiala Locomotive Works (PLW) at Patiala, are on fast track to achieve record production in 2022-23. With the production of 614 Electric Locomotives in FY 2022-23, till 30th November, Indian Railways has recorded a growth of 25.3% over last year for the same period. Last year, 490 electric […]