Business

March 22, 2023 7:02 PM

Oil prices edge lower following fresh indications of weak demand

Oil prices today edged lower following fresh indications of weak demand, and as the market awaited a crucial interest rate decision by the U.S. Federal Reserve. In intra-day trade, Brent crude was trading at around 75 dollars and 10 cents per barrel, while WTI crude price was at 69 dollars and 50 ce...

March 22, 2023 7:01 PM

Gold prices rise marginally at Multi Commodity Exchange for April contracts

Gold prices today rose marginally at Multi Commodity Exchange for April contracts. The precious metal was trading at 58,585 rupees per 10 gram. While silver was up by 305 rupees to trade at 68,700 rupees per kilogram for May Contracts, when reports last came in. At the New York Mercantile Exchange, ...

March 21, 2023 7:54 PM

US stocks jump as Credit Suisse deal eases worries

U.S. stocks jumped on Monday after a deal to rescue Credit Suisse and central bank efforts to bolster confidence in the financial system relieved investors. Participants also weighed the likelihood of a pause in rate hikes from the Federal Reserve this week. The Dow Jones Industrial Average gained 1...

March 17, 2023 6:55 PM

SVB Financial Group seeks bankruptcy protection for reorganisation

SVB Financial Group on Friday said that it has filed for a court-supervised reorganization for bankruptcy protection under the United States Bankruptcy Code, to seek buyers for its assets. The move comes days after SVB Financial Group's former unit Silicon Valley Bank was taken over by U.S....

March 17, 2023 6:24 PM

Gold prices rise by Rs. 365 at Multi Commodity Exchange for April contracts

Gold rose 365 rupees at Multi Commodity Exchange today for April contracts. The precious metal was trading at around 58,370 rupees per 10 gram. Silver was also up 715 rupees to trade around 67,250 rupees per kilogram for May Contracts, when reports last came in. At the New York Mercantile Exchange, ...

March 17, 2023 6:22 PM

Oil prices witness fall to its weakest since last December

Oil prices witnessed a fall to its weakest since last December. In intra-day trade, Brent crude was trading at around 74 dollars and 85 cents per barrel, while WTI crude price was at 68 dollars and 70 cents per barrel, when reports last came in.

March 16, 2023 5:38 PM

Crude oil regains a bit of ground as Credit Suisse secures lifeline

Oil prices regained some ground on Thursday after falling to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse announcement of borrowing as much as 53.7 billion dollars and seek to repurchase debt. In intra-day trade, Brent crude was trading at around 73 dollars an...

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