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Huawei cuts India revenue target by up to 50%, laying off staff: Report

Huawei cuts India revenue target by up to 50%, laying off staff: Report

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...

OPEC and allies to ease cuts, allow more oil production

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...

Oil slips further as traders expect OPEC+ to ease supply cuts

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....

Oil prices steady amid signs of demand uptick, supply cuts continue

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...

Oil climbs over 2% after OPEC+ extends output cuts to end-July

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...
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