News Overview

With immediate effect

The US Energy Information Administration (EIA) has cut its world oil demand growth forecast for next year. The EIA has cut its 2023 world oil demand growth forecast by 320,000 barrels per day, to 1.16 million bpd, while raising 2022 oil demand growth by 140,000 bpd, to 2.6 million bpd, according to its Short-Term Energy Outlook published on Tuesday. The EIA now expects global oil […]

India hopes to reach an agreement for the supply of 1 million tonnes of potash fertilizer

COMEX Gold futures soared yesterday, adding more than 2% and breaking above $1700 per ounce as the uncertainty posed by the US midterm election boosted the metal. The break above $1700 mark is also likely to turn critical now as the metal consolidates around a one month high of $1713 per ounce. The US dollar index fell to near one and half month low under […]

The company said in a statement: "Model Economic Township Limited (MET City), a wholly owned subsidiary of Reliance Industries Limited (RIL), is creating a world-class Greenfield Smart City near Gurugram, Haryana.

The company will benefit from cheaper borrowing costs thanks to the five-year rupee green loan facility because the money will mostly be used to pay off an existing offshore loan ahead of time.

With immediate effect

Asian markets have opened mixed

Consumer prices in China were up 2.1 percent on year in October, the National Bureau of Statistics reported. On a monthly basis, inflation was up just 0.1 percent – also below forecasts for 0.3 percent, which would have been unchanged from the September reading. Producer prices slipped 1.3 percent on year in October, beneath expectations for a decline of 1.5 percent following the 0.9 percent […]

The drug firm said it has received approval from the US health regulator to market Doxycycline Capsules used to treat bacterial infections in the American market.