Tag Archive
Oil prices rise
Oil rose towards $46 on Thursday after the International Energy Agency predicted a global growth in the oil demand and was expected to resume in 2009. Official sources say that the Saudi oil minister said OPEC’s top exporter pumped less oil than expected last month. World oil demand growth would return in 2009 after... »
Airline Prices taking a wrong turn
Airline share prices worldwide are getting a beating as the global economic downturn is taking a turn for the worse, say sources at the International Air Transport Association (IATA). IATA reports also mention that since the near crash of major banking institutions last September coupled with a severe recession period, airline stocks have dropped... »
Indian inflation slides further, dips to 8.4%
Reports state that India is in for good news as its annual rate of inflation has dropped further to 8.4 percent for the week ended Nov 22 from 8.84 percent the week before its fall in prices of petroleum fuels. The annual inflation rate however was 3.11 percent during the corresponding week in the... »
Oil prices on the rise in Asia
Oil prices have risen on Wednesday in Asia after hitting a three-year low overnight. Investors on the other hand are trying to gauge how much the slowing U.S. and Chinese economies will hurt in their demand for crude. Light, sweet crude for January delivery was up 74 cents to $47.70 a barrel in electronic trading... »
Gold down 1 pct to the near 2-week low
Gold prices fell a bit more on Wednesday as against rising Oil prices. This has come to light shortly after the U.S. dollar bounced against the euro. Experts and speculators in Japan have re-shifted their money back to stocks. While investors await a series of economic data due to be out by the coming week,... »
