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Oil climbs over $1 per barrel on Sino-US trade deal hopes, Middle East tension after last week’s tanker attacks
Fears of a confrontation between Iran and the United States have mounted since last Thursday’s oil tanker attacks, which Washington has blamed on Tehran. Iran has denied involvement.
Gold prices off 14-month peak on firmer dollar as investors await US Federal Reserve meeting this week
Spot gold was steady at $1,341.66 per ounce, after hitting its highest since 11 April 2018 at $1,358.04 on Friday.
Sino-US trade dispute: India should seize opportunities to increase exports in tariff-affected markets
The tariff war is set to create distortions in both regional and global value chains, and its adverse impact is likely to spread to other developing countries, worsening their existing balance of payment challenges.
Moody’s analyst Charlie O’Shea said the potential impact on Walmart and its shoppers from tariffs is limited by its food business.
Next govt may rely on RBI rate cuts to spur growth; revenue unlikely to meet target this year, borrowings to rise
While the RBI is likely to be open to more policy easing, provided inflation does not surge, their impact on economic activity may be limited, given debts burdening India’s state banking sector.
India fears Sino-US trade war will lead to dumping of Chinese steel; domestic industry asks govt to hike duties to 25%
India, the world’s second-largest steel producer, turned net importer in the year ended 31 March 2019 after a gap of three years.
Petrol price falls, diesel continues upward move for seventh straight day; crude oil firms as supply cuts point to tight market
After the revision in the price on Wednesday, petrol was sold in Delhi at Rs 70.33 a litre, Mumbai Rs 75.97, Chennai Rs 73 and Kolkata Rs 72.44 per litre, according to data available on Indian Oil Corporation website.