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  • India to grow at 6.5 percent in 2016: IMF

    global growth will receive a boost from lower oil prices, which reflect to an important extent higher ... sharp drop in oil prices, it said. The US is the only major economy for which growth projections have ... by lower oil prices, more moderate fiscal adjustment, and continued support from an accommodative ...

  • Algeria urges OPEC to cut oil output

    the official APS news agency. Meanwhile, Yousfi expected the oil price to swing between $60 and $70 ... imbalances by cutting oil output to push prices up and defend incomes of the member countries," Yousfi ... ALGIERS-- The Organization of Petroleum Exporting Countries(OPEC) should cut oil output to push ...

  • Jet fuel rates raised by 8 percent, non-subsidised LPG by Rs.5

    the day the union budget for 2015-16 was presented. Oil marketing companies (OMCs) also hiked the ... price of non-subsidised, or market-priced LPG by Rs.5 to Rs.610 per 14.2 kg cylinder in Delhi. Customers ... NEW DELHI-- Indian Oil Corp (IOC), the nation's largest oil company, on Sunday increased ...

  • Iran says nuclear issues can all be resolved

    state news agency IRNA. "I believe it is possible to reach an agreement and there is nothing that ...

  • Thai Supreme Court accepts criminal case against former PM Yingluck

    rice from farmers at above-market prices, and has said the charges against her are politically ... subsidy for distorting the market and dethroning Thailand as the world's biggest rice exporter. The ...

  • Egypt acquits former oil minister over Israel gas deal

    price, MENA news agency reported. Fahmy, who served under ousted president Hosni Mubarak, was sentenced ... CAIRO-- An Egyptian court Saturday acquitted former oil minister Sameh Fahmy and five other former ... officials of corruption and profiteering charges related to exporting natural gas to Israel below market ...

  • Nigerian opposition criticise government for currency devaluation

    exchange rate at 168 to the dollar from the previous rate of 155, citing falling oil prices as the trigger. ... Tuesday that the current downturn in oil prices is not transitory but appears to be permanent. ... global crude oil prices, announced the first tranche of fiscal austerity measures, cutting the 2015 oil ...

  • OPEC daily basket price closes lower

    VIENNA-- The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) ... (Venezuela). Business Market Iraq Kuwait Libya United Arab Emirates IANS ...

  • Obama leaves Saudi Arabia after holding talks

    King Salman bin Abdulaziz Al Saud discussed briefly the energy and oil markets, but they didn't ... touch the topic of oil prices, Xinhua reported. The Saudi King said his country will continue to play ... its role in the international energy market without any changes from the previous Saudi stance. ...

  • Petrol pumps to observe 15-minute blackout on Saturday

    losses due to frequent unplanned price fluctuations by oil marketing companies. In a media statement, All ... commission on percentage basis, formulation of Policy for Price Change and protest against ... Business Market India IANS ...

  • US economy grew at 2.2 percent in fourth quarter

    economy's performance during the final three months of 2014, Efe news agency reported. The final figure is ... quarter of 2015 as a result of an unusually harsh winter. But most forecasts call for a rebound that will ... raised its projection for US GDP growth this year to 3.6 percent. Business Market United States of ...

  • Centre looks at reworking ONGC's subsidy sharing formula

    to sell at a discount to oil marketers for them to retail kerosene and cooking gas below cost. The ... programme. The decline in global crude oil prices coupled with gradual diesel rate hikes towards the ... fuel's full market-pricing has reflected well in the 2013-14 performance of ONGC. Business India IANS ...

  • World Food Program scales up emergency aid to Ukraine

    the violence," UN spokesperson Stephane Dujarric said Thursday at a daily news briefing. Over the ... as rice, vegetable oil, pasta, wheat flour, and canned food," Dujarric said. "In relatively ... stable areas with functioning markets and an influx of displaced families, WFP would distribute three ...

  • Dollar at 12-year peak on euro, emerging markets spooked

    starkly diverging outlooks for interest rates globally, while currencies from emerging markets came under ... threatened to attract funds from emerging markets, causing strains from Brazil to Turkey. The Brazilian BRL= ... China that showed consumer prices topped expectations with an annual rise of 1.4 percent in February, ...

  • Congress party protests fuel price hike by Modi government

    hike by Prime Minister Narendra Modi-led government. State run Indian Oil Corp raise the retail price ... BENGALURU-- The youth wing of Congress party staged a protest in Bengaluru against the fuel price ... of petrol by 5.5 percent and that of diesel by 6.6 percent from Sunday, as global prices of the two ...

  • Inflation showing a declining trend: Economic Survey

    price index) based inflation declined to 3.4 percent during April-December, 2014-15 from an average of ... and fuel prices. The retail inflation measured by the consumer price index (CPI) also declined to an ... namely persistent decline in crude prices and softness in the global prices of tradables, particularly ...

  • Hyundai launches the i20 Active starting at Rs 6,38,000

    design philosophy. Prices for the petrol version starts at Rs 6,38,586 and Rs 7,63,228 shall get you the ... base model diesel version. All prices are ex showroom Delhi. The car is expected to give a much needed ... push to the crossover segment. Speaking to Asian News International, Mr B S Seo, MD and CEO, Hyundai ...

  • Cut in passenger fares unlikely in rail budget, hints Prabhu

    50 percent since June last year, the state-run oil marketing firms had cumulatively reduced diesel ... despite sharp fall in diesel price, Railway Minister Suresh Prabhu hinted Thursday. "We recover only ... will present his maiden railway budget next month. With the international crude prices falling by over ...

  • Iraqi PM warns falling oil price could hurt fight against Islamic State

    falling global oil prices could hurt his country's military campaign against Islamic State. Speaking ... "Oil prices have dropped to about 40 percent of their level last year. Iraq's economy and budget ... relies 85 percent on oil and this has been disastrous for us," he told a news conference. "We ...

  • Brazil oil major's top management to be replaced

    Petrobras's share price moved sharply higher Tuesday and at Wednesday's market opening. Henrique ... RIO DE JANEIRO-- Brazilian state-controlled oil company Petrobras, which is mired in a massive ... company) and five other senior directors," the oil giant said in a securities filing. The filing ...

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