IBT Staff Reporter

145111-145140 (out of 154954)

FX Summary - Mar 25

A fresh bout of weak US economic data undermined the recent recovery in the dollar, pushing the currency beneath the 2-level against the sterling and falling past the 1.56-mark versus the euro. The reports revealed further deterioration

PFC IREDA sign deal on renewable energy sector

Commodity Online NEW DELHI: Power Finance Corporation Ltd (PFC) and Indian Renewable Energy Development Agency Ltd (IREDA) have entered into a pact to facilitate financial cooperation in renewable energy sector.

GAIL signs annual MoU with government

Commodity Online NEW DELHI: Gas Authority India Limited (GAIL) has signed an Annual Memorandum of Understanding (MoU) with the government with regard to its performance targets for the Financial Year 2008 09.

GAIL signs annunal MoU with government

ONGC awards $ 720 m contract to Leighton

Commodity Online CANBERRA: ONGC on Tuesday awarded the contract to build 200 kms of fixed and flexible pipelines in it s Mumbai High oil field to Australia s Leighton Holdings Ltd.

Iraq s oil revenue up despite dip in exports

Commodity Online BAGHDAD: Oil exports from Iraq last February has shown a decrease of 3.5 million tones from January, country s Oil Ministry said.

Gold once again on track

By Jon NadlerNew York spot gold was up most of the morning and was showing a $10.00 gain at last check, quoted at $920.00 per ounce, as participants treaded lightly and awaited mid week economic statistics

Gold struggles dollar gains more strength

Commodity Online NEW YORK: The strengthening US dollar and sliding oil prices has severely affected gold s value for the last couple of days the world over.

Oil prices continue southward journey

Commodity Online NEW YORK: In a surprising turnaround of events world oil prices continued to slip further down on stronger dollar and weaker demand.

Can Gold touch $2 000?

The $95 price drop in gold this past week is therefore nothing short of a gift. Next stop: $2,000 gold.

Oil to range between $80 110: OPEC President

OPEC President Chakib Khelil said over the weekend that he expects the price of crude oil to range between $80 and $110 per barrel in 2008.

FX Summary - Mar 24

The dollar continued to rebound versus the yen, edging up to 100.84, in a holiday-thinned Monday session â€“ with Europe and Asia still closed for the Easter holiday. Economic data released earlier today also provided support for

Commodities market cools down as Dollar gains

The market for gold and other commodities is cooling and it is the dollar that has gained the most. The Reuters CRB Commodity Index is down 8.4 per cent over last one week.

Fed obliges all goes all out to save big banks

The Fed is thought to have about as much control of the current situation as a trucker does whose brakes have failed halfway down a steep canyon he doesnt have control, he has influence.

Oil Turmoil: Rise and fall of Crude Oil

By Tom WhippleIn India, strong demand growth and high profit margins have given the country the leeway to absorb a part of input cost hikes in the past.

BP plans refinery project with Cals Ltd

Commodity Online NEW DELHI: Energy giant BP Plc is likely to set a co operation with Cals Ltd, a Spice Energy holding company for its proposed five million tonns oil refinery at Haldia near Kolkata.

Gold plunges on global trend

Commodity Online MUMBAI: Heavy selling by stockists prompted by global trend saw the yellow metal tumbled by Rs 150 per 10 gram at the bullion market here on Monday.

Oil prices fall on Saudi promise dollar s gain

Commodity Online TOKYO: Saudi Arabia s assurance of enough oil supply coupled with dollar s surge saw crude oil prices fell on Monday.

Space Shuttle Columbia built with 40 kilos of gold...

Commodity OnlineMUMBAI: Do you know that the famous space shuttle US Columbia was constructed using 40 kilograms of gold?

Centre IOL asked to submit report on LPG shortage

Commodity Online NEW DELHI: The Delhi Court today urged the Ministry of Petroleum and Indian Oil Corporation to submit a report over the alleged availability of LPG cylinders in black market.

Korea military to adapt energy saving training

Commodity Online SEOUL: In an effort to save energy, South Korean military on Monday decided to introduce a new type of training in the face of record oil prices.

US to become a major exporter of coal in 2008

Commodity Online NEW YORK: Steady demand from utilities and surging global demand for coal will push up prices of coal in United States, the one fossil fuel the country has in abundance.

Govt committed to develop nuke energy: PM

Commodity Online NEW DELHI: Prime Minister Manmohan Singh on Monday said his government is committed to develop nuclear energy as a clean source of electricity.

Gold and present market condition

By Adrian AshThe religious essence of Christ's crown that it was of thorns, not of gold turns out to have been an illusi

UAE decides to go nuclear

Commodity Online ABU DHABI: The UAE on Sunday decided to set up an agency to assess and develop a peaceful and fully transparent nuclear energy programme.

Gold and present marker condition

By Adrian AshThe religious essence of Christ's crown that it was of thorns, not of gold turns out to have been an illusi

Volatility continues in commodities

By Jon NadlerSilver lost another $1.48 or 8.5%, falling to $16.94 per ounce. Platinum dropped $39 to $1865.00 per ounce and palladium lost $18 to $438.00 as the entire complex was battered by the freefall in gold

Global oil prices down on profit taking

Commodity Online SYDNEY: Oil prices fell by $1.50 to near the $100 a barrel mark on Monday, extending last week's deep losses as funds sought to lock in first quarter profits.

Petrol in India is cheaper than Coca Cola

By Yogesh BirlaIn fact, petrol is cheaper than the Coca Cola you drink. It is not just petrol most liquids that you daily use are more expensive than vehicle fuels.