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Oil prices fall after US crude inventories drop
Oil prices fell on Thursday after a drop in US crude inventories in the previous session, as investors wait for the outcome of U.S.Iran nuclear talks that could add crude supplies to global markets. Oil prices fell on Thursday after a drop in US crude inventories in the previous session, as investors wait for the outcome of U.S.- Iran nuclear talks that could add crude supplies to global markets. Brent crude futures fell 28 cents, or 0.3%, to $91.27 a barrel at 0714 GMT, while U.S. West Texas Intermediate...
Updated: 02/10/2022
More than $50 million raised for Assange defence
More than $50 million was raised by an online auction of digital art to raise money for WikiLeaks founder Julian Assange's legal defence. More than $50 million was raised by an online auction of digital art to raise money for WikiLeaks founder Julian Assange 's legal defence. Assange is fighting extradition from Britain to the United States , where authorities want him to face trial on 18 criminal charges including breaking a spying law after WikiLeaks published thousands of secret classified...
Updated: 02/10/2022
ICJ to decide on Uganda reparations to Congo
The International Court of Justice will decide on Wednesday whether Uganda should pay over Sh 1.2 trillion $11 billion in reparations to the Democratic Republic of Congo for its role in conflicts in Congo's resource-rich Ituri province. The International Court of Justice will decide on Wednesday whether Uganda should pay over Sh 1.2 trillion $11 billion in reparations to the Democratic Republic of Congo for its role in conflicts in Congo's resource-rich Ituri province. The United Nations ' highest...
Updated: 02/10/2022
Oil prices up after disappointing week
On Wednesday, oil prices went up following two sessions of losses after industry data showed a drop in US crude and fuel stocks, which was offsetting concerns of a possible rise in supplies from Iran. On Wednesday, oil prices went up following two sessions of losses after industry data showed a drop in US crude and fuel stocks, which was offsetting concerns of a possible rise in supplies from Iran . Brent crude futures rose 23 cents, or 0.3 per cent, to US $91.01 a barrel by 1.22 am GMT, while...
Updated: 02/09/2022
SoftBank beats expectations on tech valuations
TOKYO - SoftBank Group Corp reported on Tuesday that it had squeezed out a net profit of 29 billion yen US $251 million for the quarter from October to December as tech portfolio valuations weakened at its Vision Fund unit. TOKYO - SoftBank Group Corp reported on Tuesday that it had squeezed out a net profit of 29 billion yen US $251 million for the quarter from October to December as tech portfolio valuations weakened at its Vision Fund unit. In the same period a year ago, the result was compared...
Updated: 02/08/2022
FTSE 100 gains as investors bet on rate hikes
Britain's main equity index went up on Monday with banking stocks in the lead, as investors continued to bet on interest rate hikes from major economies while firmer commodity prices lifted mining shares. Britain's main equity index went up on Monday with banking stocks in the lead, as investors continued to bet on interest rate hikes from major economies while firmer commodity prices lifted mining shares. The blue-chip FTSE 100 index rose 0.5% by 0814 GMT, with HSBC and global miners Anglo American...
Updated: 02/07/2022
Gold prices rise as traders brace for more volatility
On Monday, gold prices rose as investors began to feel pressure from higher U.S. Treasury yields after a surprisingly upbeat jobs report, as a result of growing price pressure on the metal's appeal as an inflation hedge. On Monday, gold prices rose as investors began to feel pressure from higher U.S. Treasury yields after a surprisingly upbeat jobs report, as a result of growing price pressure on the metal's appeal as an inflation hedge. The dollar index was flat, while the benchmark 10 year U...
Updated: 02/07/2022
Brent hits 7-year highs, WTI on course for 7th straight week
... as oil soars to seven-year highs, U.S. West Texas Intermediate crude rose by US $1.84, or 2 per cent, to US $92.11, after also scaling a seven-year peak at US $92.33. Both benchmarks were on course for a seventh week in a row. It may be a matter of time until we close in on triple figures, said Craig Erlam, senior market analyst at OANDA. The winter storm in Texas is behind the latest oil price rally, which has caused concerns about production outages in the Permian Basin, the largest U.S. shale ...
Updated: 02/06/2022
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