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NEWS

  • Crude Oil market under fresh selling; Resistance seen at 4018 22 Jan 2018 05:55 Commodity Online MCX Nickel likely to trade in a range between 776.3-828.5 Fresh buying seen in NCDEX Mustard Seed MCX Silver market under fresh buying; Support seen at 38804 MCX Crude Palm Oil under long liquidation MCX Gold expected to trade in a range between …
  • MCX Gold expected to trade in a range between 29525-29895 22 Jan 2018 05:52 Commodity Online MCX Nickel likely to trade in a range between 776.3-828.5 Fresh buying seen in NCDEX Mustard Seed MCX Silver market under fresh buying; Support seen at 38804 MCX Crude Palm Oil under long liquidation Fresh selling seen in NCDEX Ref Soy Oil Technically now …
  • Central banks slow down purchase of debt 22 Jan 2018 05:50 Sabah The rebound of global growth is sounding the death knell for easy money, so debt markets should see the backs of central banks in 2018, although a gradual withdrawal should help avoid a new tantrum sending interest rates spiking. The colossal sums that …
  • JMMC lauds Oman’s efforts to support oil prices 22 Jan 2018 05:50 Muscat Daily Muscat -  The participating countries in the seventh Joint Ministerial Monitoring Committee (JMMC) meeting on Sunday lauded the efforts taken by Oman and H E Dr Mohammed  bin Hamad al Rumhi, Minister of Oil and Gas, in bringing OPEC and non-OPEC oil …
  • ASX slides below 6000 as banks weigh, Domain drops 17pc 22 Jan 2018 05:48 Sydney Morning Herald The ASX closed below the 6000 level for the first time since early December on Monday, pulled down by banks, as Domain shares shed 17 per cent following the shock resignation of its CEO. CBA shares fell 1.2 per cent to $78.85, with Citi downgrading the …
  • 10 stocks from top brokerages to make money over next 3 weeks 22 Jan 2018 05:48 Economic Times The Nifty50 index remained on the upward trajectory and hit a fresh peak in opening trade on Monday. It had formed a strong bullish candle on the daily as well as weekly charts last week. This holiday-truncated week is likely to remain choppy ahead of the …
  • Europe Edition: Government Shutdown, Davos, Syria: Your Monday Briefing 22 Jan 2018 05:46 International Herald Tribune Prime Minister Binali Yildirim said the forces intended to create a security zone some 30 kilometers deep inside Syria. By nightfall troops appeared to have advanced only a few kilometers. There are reports of Syrian fighters massing to join the fight on …
  • NEITI Confident PIGB Will Check Outright Stealing in Oil Industry   22 Jan 2018 05:44 This Day •Seeks Buhari’s timely assent to enable law revive governance in sector   By Chineme Okafor in Abuja   The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed its delight with the passage of the Petroleum Industry Governance Bill ( …
  • Central Bank Holds Rates, Considers Emergency MPC Meeting in February   22 Jan 2018 05:44 This Day •Emefiele: Economy is still strong, gains will be sustained   By Ndubuisi Francis in Abuja and Obinna Chima in Lagos   In the absence of a meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), the Bank announced yesterday …
  • Suspected Herders Set Falae’s Farm Ablaze, Casualties Recorded in Another Adamawa Clash 22 Jan 2018 05:44 This Day DSS warns president of influx of IS terrorists into Benue, other states JNI blasts CAN over statement on cattle rearers   By James Sowole in Akure and John Shiklam in Kaduna with agency report   The end of the conflict between farmers and herders of …
  • Rivers 2018 Budget: Recipe For Sustained Dev 22 Jan 2018 05:44 Tide The case of Rivers State is summed up in this Biblical Verse: Psalm 23:5 :”You prepare a table before me in the presence of my enemies: you anoint my head with oil; my cup runs over”. The 2017 Budget performed creditably at 74 percent. Governor Wike used …
  • Nigeria’s Poor Power Ranking 22 Jan 2018 05:44 Tide Nigeria was recently ranked second worst in electricity supply in the world. Releasing its 2017 survey of 137 countries on January 15, 2018, world’s top social and economic data analytic firm, The Spectator Index, said that war-torn Yemen ranked worst in …
  • ‘Banks, Govt Officials Frustrating Anchor Borrowers Programme’ 22 Jan 2018 05:43 Tide National Treasurer, Rice Farmers Association of Nigeria (RIFAN), Malam Sadiq Daware has accused some banks and government officials of frustrating the successful implementation of the Anchor Borrowers Programme (ABP). The National Treasurer of RIFAN, …
  • Bizman Wants IOCs To Build Refineries, Power Plants 22 Jan 2018 05:43 Tide An expert in the oil and gas industry and the Group Managing Director of Oilflow Services Limited, Engr Lucky Akhiwu has called on the Federal Government to condition all the International Oil Companies (IOCs) in Nigeria like Shell, Agip and Mobil among …
  • Global Refinery Catalyst Market: Asia Pacific is the major contributor in the global refinery catalysts market due to rising demand for refinery catalyst from growing refineries 22 Jan 2018 05:35 Tradingcharts.com Jan 22, 2018 (marketresearch.biz via COMTEX) -- Refinery catalysts are chemical compounds, which are added in refining processes of petroleum. Usually, petroleum produced through fractional distillation of crude, takes more time and fails to meet the …
  • Dubai bank acquires Amazon's new logistics centre 22 Jan 2018 05:25 Arabian Business Dubai investment bank Rasmala has acquired  two logistics facilities in Germany for $185 million (€154 million), including Amazon's major new logistics centre in Dortmund. The Amazon centre, which spans 88,000 sq.m, was acquired for $145 million. …
  • Credit Suisse names new heads of Asia investment... 22 Jan 2018 05:10 Charleston Daily Mail By Reuters Published: 23:01 EST, 21 January 2018 | Updated: 23:01 EST, 21 January 2018 HONG KONG, Jan 22 (Reuters) - Credit Suisse named two senior executives of the bank on Monday to replace departing senior banker Mervyn Chow as its Greater China chief …
  • Eskom in race to restore lending 22 Jan 2018 05:06 Herald Jabu Mabuza Image: Katherine Muick-MereLooming action against it would trigger recall on debt of billions Eskom executives and the Treasury will approach South African banks as early as today to restore lending as the company races to avoid the suspension …
  • Saudis Push for OPEC Oil Efforts Into 2019 22 Jan 2018 04:45 wsj.com Jan. 21, 2018 6:03 a.m. ET MUSCAT, Oman—Saudi Arabia’s energy minister said Sunday that OPEC and other big-oil producing allies like Russia should find ways to cooperate beyond their petroleum-production limits this year. “We should not limit our efforts …
  • Frackers Could Make Real Money in 2018, If They Don't Blow It 22 Jan 2018 04:45 wsj.com Updated Jan. 21, 2018 10:58 p.m. ET U.S. shale companies are poised to earn real money this year for the first time during the fracking boom. Crude prices have surged almost 40% in the past six months. Yet shale producers are so far touting cautious …
  • Asian stocks mixed after US government shutdown 22 Jan 2018 04:44 Wichita Eagle Asian stock markets were mixed Monday after global investors shrugged off the latest U.S. government shutdown. KEEPING SCORE: The Shanghai Composite Index rose 0.2 percent to 3,495.40 while Tokyo's Nikkei 225 lost 0.2 percent to 23,764.96. Hong Kong…
  • Tech sector CEOs in other Canadian cities say they would have welcomed Amazon 22 Jan 2018 04:44 CP24 Dan Healing, The Canadian Press Published Sunday, January 21, 2018 10:58AM EST Last Updated Sunday, January 21, 2018 7:22PM EST CALGARY -- Tech sector entrepreneurs whose Canadian cities were snubbed by Amazon in its search for a second corporate campus …
  • Resilient on Eastern Europe, the mafia and market manipulation via social media 22 Jan 2018 04:40 Business Day Also we don’t directly own offices. The office sector is very distressed, so we sold out many years ago. There’s a difference between the views of the major institutions and the views of hedgies [hedge funds] using social media. Our financials are good, …
  • Shares of Airtel, RIL, Wipro, ONGC, HPCL, Adani Ports, DCM Shriram, Axis Bank, Asian Paints, DHFL, JP Associates, HDFC Life in focus today 22 Jan 2018 04:18 FinancialExpress.com Shares of Asian Paints, Axis Bank, Dewan Housing Finance, Havells India, Rallis India, Vakrangee and Justdial will be in close watch ahead of their respective third-quarter earnings. (Image: Wikimedia Commons) Indian stock markets are likely to open flat …
  • Former CEO accuses Collins of 'questionable accounting' at biotech firm 22 Jan 2018 04:15 Buffalo News The former chief executive of a company chaired by Rep. Chris Collins said in recently filed court papers that the congressman manipulated its finances and used a "questionable accounting practice" that led the company's bank to drop it as a …
  • Credit Suisse names new heads of Asia investment banking, Greater China 22 Jan 2018 04:07 Reuters * Zeth Hung and Carsten Stoehr to replace senior banker Chow * Hung named co-head APAC investment banking, capital markets * Stoehr adds the role of Greater China chief executive (Adds details from Credit Suisse statement) HONG KONG, Jan 22 (Reuters) - …
  • Sensex, Nifty Seen Flat Amid Weak Asian Cues 22 Jan 2018 03:57 RTTNews Indian shares may open largely unchanged on Monday, tracking weak Asian markets as investors watch political developments in the U.S. and Europe and await cues from the Bank of Japan's monetary policy meeting that gets underway today. The U.S. …
  • Asia markets muted as traders take stock from latest rally 22 Jan 2018 03:47 Channel News Asia HONG KONG: Asian equities mostly fell Monday (Jan 22) after last week's rallies, while the dollar suffered fresh losses and the euro was boosted by hopes Chancellor Angela Merkel will be able to form a new German government. While a shutdown of the US …
  • GRAINS-Soybean prices hit 5-wk high on Argentina... 22 Jan 2018 03:41 Charleston Daily Mail By Reuters Published: 21:16 EST, 21 January 2018 | Updated: 21:16 EST, 21 January 2018 SYDNEY, Jan 22 (Reuters) - U.S. soybean prices extended gains into a sixth session on Monday to hit a five-week high, buoyed by strong demand for U.S. supplies and by …
  • Oil rises as Saudi Arabia says producers will cooperate... 22 Jan 2018 03:40 Charleston Daily Mail By Reuters Published: 21:41 EST, 21 January 2018 | Updated: 22:36 EST, 21 January 2018 By Henning Gloystein SINGAPORE, Jan 22 (Reuters) - Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who …
  • Will India succeed in oil and gas sector; here is how politics is trumping energy security 22 Jan 2018 03:20 FinancialExpress.com To ensure gas supplies for essential needs like residential heating, new gas power plants were banned. (Reuters) Bhamy V Shenoy Thanks to the US shale revolution, the US may finally achieve energy independence, set as a goal by every president since …
  • Schlumberger rediscovers the American (oil) dream 22 Jan 2018 03:17 The Frederick News-Post What a difference three months, and $10, make for Schlumberger Ltd. The world’s biggest oilfield services company kicked off earnings season for the industry on Friday morning. Three months ago, unveiling third-quarter figures, it had this to say on the …
  • Ringgit cautiously lower against US$ ahead of Bank Negara meeting 22 Jan 2018 02:54 The Malaysian Star KUALA LUMPUR: The ringgit was lower against the US dollar early Monday on cautious demand for the local currency and ahead of Bank Negara Malaysia's (BNM) Monetary Policy Committee meeting this Thursday, said a dealer. At 9.00 am(0100gmt), the ringgit …
  • $0.28 EPS Expected for Modine Manufacturing Company (MOD) 22 Jan 2018 02:52 Investing.com January 22, 2018 - By Kurt Siggers Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.23, from 1.04 in 2017Q2. It improved, as 8 investors sold Modine Manufacturing Company shares while 40 reduced holdings. 23 funds opened positions while 38 …
  • Our ordeal in Libya, by returnee Ondo indigenes 22 Jan 2018 02:45 Nation Twenty-three Ondo State-born returnees from Libya yesterday narrated their ordeal in the North African country where they had hoped for a better life. They were received by a delegation, led by Deputy Governor Agboola Ajayi and State Director of the …
  • Diezani in trouble again over withdrawal of $1.3b from NNPC accounts 22 Jan 2018 02:45 Nation THERE seems to be no end to the alleged mind-boggling financial misappropriation in the former President Goodluck Jonathan administration. In the centre of it all is, according to records unearthed by investigators, former Minister of Petroleum Resources …
  • Economy remains strong, says Emefiele 22 Jan 2018 02:45 Nation The economy remains strong with all indices moving in the right direction, Central Bank of Nigeria (CBN) Governor Godwin Emefiele said yesterday. He allayed the fears of Nigerians and the international community over the inability to hold the Monetary …
  • Oil rises as Saudi Arabia says producers will cooperate beyond 2018 22 Jan 2018 02:42 Reuters SINGAPORE (Reuters) - Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are currently withholding supplies in an effort to prop up the market would continue beyond 2018. A drop in U.S. …
  • Oil prices rise on decline in U.S. drilling, Syria... 22 Jan 2018 02:12 Charleston Daily Mail By Reuters Published: 20:06 EST, 21 January 2018 | Updated: 20:06 EST, 21 January 2018 By Henning Gloystein SINGAPORE, Jan 22 (Reuters) - Oil prices climbed on Monday, pushed up by a drop in U.S. drilling activity and by fighting in Syria between Turkish …
  • Gold Prices Inch Up In Asia As US Shutdown Weighs On Dollar Views 22 Jan 2018 02:10 Investing.com Investing.com - Gold prices rose slightly in Asia on Monday with the market awaiting word on a possible deal for a Senate vote to end the US government shutdown that has weighed on the dollar and raised interest in greenback-denominated commodities such …
  • Philadelphia Energy Solutions to file for bankruptcy 22 Jan 2018 01:40 The Malaysian Star Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, announced to its employees on Sunday that it plans to file for Chapter 11 bankruptcy, according to an internal memo reviewed by Reuters. The bankruptcy would …
  • Malaysian palm oil/Vegoils: Market factors to watch Monday Jan 22 22 Jan 2018 01:40 The Malaysian Star KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Jan 22. FUNDAMENTALS * Malaysian palm oil futures fell for a fourth straight day on Friday, weighed down by a stronger ringgit …
  • MTN wants to be Africa's biggest bank 22 Jan 2018 01:28 Joy FM MTN, Africa's biggest mobile operator, is gunning to become Africa's biggest bank. The ambitious business strategy was revealed by MTN CEO Rob Shuter yesterday during the Deloitte Africa in 2018 Outlook conference in Woodmead. "The core …
  • Women to get equal prize money in Tour Down Under cycling event 22 Jan 2018 01:27 The Guardian South Australian government’s announcement hailed by this year’s winner Amanda Spratt as ‘a huge step forward for equality’ Chloe Hosking and Alé Cipollini celebrate after winning stage 4 of the Women’s Tour Down Under on 14 January in Adelaide. Women …
  • International Development Secretary: “We need new ideas to future-proof against Africa’s biggest challenges” 22 Jan 2018 01:22 Relief Web Penny Mordaunt hails the incredible power of technology to deliver aid in new ways on her first official visit to Kenya. Penny Mordaunt has hailed the “incredible power of technology to deliver aid in new ways” on her first official visit to Kenya as …
  • Fidelity Bank Harps on Savings, Investments 22 Jan 2018 01:22 This Day  Fidelity Bank Plc has advised its customers to always adopt the habit of saving or investing some fraction of their income, against a rainy day. The Managing Director of Fidelity Bank, Nnamdi Okoronkwo, gave the advice during the presentation of cash …
  • Prosecutors allege wrongdoing by Gupta family in growing South African corruption scandal 22 Jan 2018 01:13 Globe and Mail The powerful Gupta family, at the heart of South Africa's biggest corruption scandal since apartheid, profited from a criminal scheme to loot $20-million (U.S.) from a farm project that was meant to help impoverished farmers, prosecutors say. The …
  • Asian and U.S. stocks, dollar sag after U.S. government shutdown 22 Jan 2018 01:13 Globe and Mail Financial markets in the United States and Asian stocks took a knock early on Monday after the U.S. government was forced to shut down amid a dispute between U.S. President Donald Trump and Democrats over immigration. MSCI's broadest index of …
  • Oil prices rise on decline in U.S. drilling, Syria conflict 22 Jan 2018 01:12 Reuters SINGAPORE (Reuters) - Oil prices climbed on Monday, pushed up by a drop in U.S. drilling activity and by fighting in Syria between Turkish forces and Kurdish fighters. Brent crude futures LCOc1 were at $68.79 at 0053 GMT, up 18 cents, or 0.26 percent, …
  • Investors slow to engage Zimbabwe 22 Jan 2018 01:07 Zimbabwe Mail Zimbabwe’s president, Emmerson Mnangagwa. Photo: Bloomberg JOHANNESBURG – Liquidity – starved Zimbabwe will start seeing meaningful capital inflows only after elections, which President Emerson Mnangagwa says are expected by July, the country’s national …
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