by pallanus | Jul 28, 2020 | Business News
Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, the Economic Times reported on Monday, amid calls to boycott Chinese goods. The Huawei logo is seen on a...
by pallanus | Jul 16, 2020 | Business News
Ministers from the Organisation of the Petroleum Exporting Countries (OPEC) cartel have agreed to allow more oil to flow from the taps, saying demand for oil is growing as economies take steps to reopen. But they also cautioned that they could revisit the decision in...
by pallanus | Jul 13, 2020 | Business News
Oil slipped nearly 1% on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude LCOc1 fell 32 cents, or 0.7%, to $42.92 a barrel by 0646 GMT while U.S....
by pallanus | Jun 23, 2020 | Business News
Oil prices were steady on Tuesday, holding onto the previous session’s gains, amid more signs of fuel demand picking up after the depths of the coronavirus pandemic as major crude producers continue to stick to supply cuts. Brent crude was up 6 cents at $43.14 a...
by pallanus | Jun 8, 2020 | Business News
Oil prices rose more than 2 per cent early on Monday to their highest in three months after OPEC and its allies including Russia agreed to extend record oil production cuts until the end of July. Brent crude climbed to as high as $43.41 a barrel and was trading at...
