Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between Russia and Ukraine to end their weeks-long conflict, with prices further pressured by China’s new lockdowns to curb the spread of the coronavirus. Brent crude fell $2.88, or 2.6%, to $109.61 a […]
World
US Congress passes budget including $14 billion for Ukraine
The US Congress passed a huge omnibus 2022 spending bill Thursday including almost $14 billion in humanitarian and military aid to war-torn Ukraine, as its invasion by Russia entered its third week. Lawmakers had been facing the latest in a series of shutdown showdowns, with government funding due to expire […]
US has not verified claim of Russia troop withdrawal: Joe Biden
President Joe Biden on Tuesday said the US has not yet verified” Russia’s claim that some of its forces have withdrawn from the Ukraine border and said an invasion of Ukraine remains a distinct possibility. Biden made the remarks at the White House hours after Russia announced that some units […]
COVID disrupts health services in over 90% of countries: WHO
Disruptions in basic health services such as vaccination programmes and treatment of diseases like AIDS were reported in 92% of 129 countries, a World Health Organization survey on the impact of the COVID-19 pandemic showed on Monday. The survey, conducted in November-December 2021, showed services were “severely impacted” with “little […]
US Fed puts markets on the slippery slope; Sensex falls 581 points
Investors continued to pull out of risky assets as US Federal Reserve officials signalled that they were on course to raise interest rates in March, citing high inflation. The Sensex dropped as much as 1,419 points, or 2.5 per cent, on Thursday before recouping some of the losses. After a wild ride, the 30-share […]
World food prices ease in Dec, but hit 10-year peak in 2021: FAO
World food prices eased in December after four consecutive monthly gains but jumped 28% over 2021 for the highest average level since 2011, the U.N. food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 133.7 […]
Sensex reclaims 60,000 mark; FPI buying, macroeconomic data buoy sentiment
The Sensex reclaimed the 60,000 mark after seven weeks, despite rising Covid-19 cases, as the benchmark indices closed higher for the fourth straight session on Wednesday. Inflows from foreign portfolio investors (FPIs), expectations of good quarterly results, and optimism triggered by positive macroeconomic numbers enthused investors. The Sensex gained 367 points, or 0.6 per […]