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Credit Suisse to prune 4,000 jobs after posting over Rs 39,000 cr net loss in Q4

Feb 04, 2016

Credit Suisse to prune 4,000 jobs after posting over Rs 39,000 cr net loss in Q4

Investment banking firm cited sharp drop in oil prices, "asynchronous" policies by top central banks, lower liquidity, a strong Swiss franc and "uncertainties on Chinese growth #oil prices #Credit Suisse #job cuts #Chinese slowdown #investment banking firm #CEO Tidjane Thiam
Budget 2016: Finance ministry to assume oil price at below $50 to do fiscal deficit math

Jan 11, 2016

Budget 2016: Finance ministry to assume oil price at below $50 to do fiscal deficit math

The crude oil prices may fall further on account of deceleration of growth in major economy especially China and tepid recovery elsewhere. #crude oil #NewsTracker #Petrol #Diesel #oil price #excise duty #Union Budget 2016 #Budget & Economy
Oil nears $32/bbl: Don't rejoice too much; low price for too long can backfire on India

Jan 11, 2016

Oil nears $32/bbl: Don't rejoice too much; low price for too long can backfire on India

While India is now benefiting from the oil price decline, the writing on the wall is not too optimistic. Global deflation is indeed a clear and present danger #oil prices #crude oil #Middle East #exports #Global deflation #Saudi-Iran conflict
Crude oil prices jump nearly 3% as tension builds up between Saudi Arabia and Iran

Jan 04, 2016

Crude oil prices jump nearly 3% as tension builds up between Saudi Arabia and Iran

Global oil benchmark Brent climbed over 2.5 percent and more than a dollar to a morning high of $38.50 per barrel on Monday #Barack Obama #crude oil prices #Iran #brent crude #Saudi Arabia
Petrol price cut by 50 paise per litre, diesel by 46 paise

Dec 15, 2015

Petrol price cut by 50 paise per litre, diesel by 46 paise

Petrol price was on Tuesday cut by 50 paise and diesel by 46 paise a litre, much lower than an anticipated decrease. #India #Business #NewsTracker #Petrol #Diesel #prices #Global oil prices
Shale vs crude: Why oil prices are on a free fall even as Opec members suffer

Dec 15, 2015

Shale vs crude: Why oil prices are on a free fall even as Opec members suffer

The IEA monthly report expects the extra oil from Iran to add 300 million barrels to the already swelling oil inventories. #Economy #GDP #InMyOpinion #OPEC #International Energy Agency #oil price #shale oil #Anton Siluanov