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Brent crude jumped 3 percent to near $63 a barrel on Thursday, extending a rebound from five-year lows this week as oil's six-month price rout forced more energy firms to cut investments in new production.Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing U.S. shale output overwhelms demand, with losses accelerating after producer group OPEC decided not to cut output ...
The Securities and Exchange Board of India (SEBI) on Thursday ordered the imprisonment of the non-executive chairman of Kolar Biotech Ltd for failing to pay a penalty for making misleading disclosures.This is the first time SEBI has ordered the imprisonment of a defaulter since it was given expanded powers by a constitutional amendment last year.SEBI said Vinod Hingorani, non-executive chairman and ...
Gold importers are offering a discount of $2 an ounce versus London prices for the first time in almost five months due to market oversupply.Importers generally charge a premium over London prices but demand in the world's second-biggest gold consumer is expected to fall sharply this month after shipments surged in the past three months."Supply is in excess but demand is very weak because there are ...
Gold prices fell by Rs 50 to Rs 27,250 per ten gram at the bullion market in the national capital today owing to slackened demand from jewellers even as gold rose in global market. However, silver ready held steady at Rs 36,700 per kg. Traders said fall in demand from jewellers and retailers at prevailing levels mainly led to the fall in gold prices but a better trend overseas after the US Fed kept ...
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