Last Updated: Tuesday, September 8, 2015, 10:53
The weak data raised expectations of more policy easing in the coming months. A Reuters poll at end-August showed a 80 percent of respondents expected a further cut in the reserve requirement ratio and 70 percent saw a chance of interest rate cuts.
Last Updated: Monday, September 7, 2015, 09:03
The index had already dropped earlier in the session following Friday`s Wall Street slide, triggered after the August U.S. jobs report failed to give a clear view on the Federal Reserve`s interest rate hike.
Last Updated: Thursday, September 3, 2015, 10:09
US benchmark West Texas Intermediate for October delivery fell 45 cents to USD 45.80 while Brent crude for October slipped 38 cents to USD 50.12 in late-morning trade.
Last Updated: Wednesday, September 2, 2015, 08:18
Hit by the scandal, the collapse of international oil prices and the sharp depreciation of the real against the dollar, the government is implementing a plan to divest almost $14 billion by 2016.
Last Updated: Tuesday, September 1, 2015, 23:23
Oil prices tumbled 7 percent on Tuesday and Brent futures fell back below $50 a barrel as weak Chinese manufacturing data revived concerns about global demand for petroleum.
Last Updated: Monday, August 31, 2015, 14:32
International benchmark Brent crude climbed 10 percent last week but was still heading for its fourth straight monthly decline and has risen in only two of the past 14 months.
Last Updated: Monday, August 31, 2015, 13:23
In a scenario where inflation is under control, the quantum of interest rate cut is "the prerogative of the RBI", he said.
Last Updated: Monday, August 31, 2015, 11:05
US benchmark West Texas Intermediate for October delivery eased 79 cents to USD 44.43 while Brent crude for October fell USD 1.00 to USD 49.05 in late-morning trade.
Last Updated: Monday, August 31, 2015, 09:05
Global markets are bracing for Chinese data on Tuesday which is expected to show the world`s second-largest economy is continuing to lose momentum.
Last Updated: Monday, August 31, 2015, 08:52
That came after Brent climbed 10 percent last week, while US crude finished the week up 12 percent.
Last Updated: Sunday, August 30, 2015, 11:13
The government had planned to sell 10 percent shares in OIL, the nation's second biggest state-owned oil producer.
Last Updated: Saturday, August 29, 2015, 03:34
World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.
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