LONDON: OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group’s plan to gradually ease output cuts. In a monthly report, the...
Tesla Inc. shares slumped in early trading as fresh signs of trouble emerged for its China business while Elon Musk polled Twitter followers on whether the carmaker should accept Dogecoin. China’s Passenger Car Association said Tuesday that Tesla sold 25,845 locally made vehicles in April, a 27% drop from...
Domestic gold futures remained under pressure for the most part of the day after giving up initial gains on Tuesday as international spot rates took a breather a day after touching a three-month peak. Sharp losses in equities and weakness in the dollar overseas provided some support. MCX gold...
NEW DELHI: Gold in the national capital on Tuesday declined by Rs 212 to Rs 47,308 per 10 gram with a decline in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,520 per 10 gram. Silver also tumbled...
NEW DELHI: Aluminium prices rose 1.89 per cent to Rs 204.55 per kg in the futures trade on Monday as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for the May delivery gained Rs 3.80, or 1.89...
NEW DELHI: Crude oil prices rose Rs 28 to Rs 4,791 per barrel on Monday as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the May delivery traded higher by Rs 28, or 0.59 per cent, at Rs 4,791 per...
Thermal coal futures in China surged to a record high as a severe supply crunch overpowered the exchange’s effort to cool down the breakneck price rally. Prices have rallied 34 per cent so far this year as miners struggle to meet robust demand from the nation’s economic rebound. Safety...
European stock markets are seen weakening at the open Tuesday, following the previous session’s tech-led selloff on Wall Street on increased inflation worries. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.4% lower, CAC 40 futures in France dropped 1.1% and the FTSE 100...
NEW DELHI: Mutual fund investors continued to pour money into equity funds for the second month in April even as the domestic benchmark indices fell off highs, giving fresh entry points to them. However, the net investment was far lower than previous month’s. Amfi data released for April showed...
NEW DELHI: Gold futures were trading higher on Tuesday after trading near a three-month high in the previous session after last week’s miss on the U.S. jobs growth numbers weighed on the dollar and bolstered expectations that interest rates will remain low. The deteriorating health crisis in India also...