Tag Archives: gains

US crude falls 3.1 percent, settling at $51, erases gains on OPEC deal

Diego J. Robles | The Denver Post | Getty Images Oil prices fell 3 percent on Monday, echoing the weakness in global stock markets as the focus returned to demand growth concerns. Crude prices erased the gains they made on Friday following an OPEC-led decision to cut output. Losses in Europe and Asia extended to Wall Street on… Read More »

With Apple’s $1 Trillion Valuation, Wall Street Eyes Bigger Gains

Shares in Apple edged higher on Friday but stayed close to the $1 trillion (roughly Rs. 68.7 lakh crores) valuation milestone the iPhone maker reached a day earlier, even as Wall Street predicted more gains. After becoming the first $1 trillion publicly-listed US company on Thursday, Apple last traded up 0.1 percent at $207.57 (roughly Rs. 14,200) after falling as low… Read More »

Philippine army ‘makes gains’ in Marawi Islamist battle

The Philippine military says it has made gains retaking Marawi city from Islamist militants amid clashes that have left about 100 people dead. According to the military, militants now control only small pockets within the southern Philippine city. But there are still reports of fighting on the ground and thousands of civilians trapped. Nineteen civilians are known to… Read More »

Rupee good run continues, gains 4 paise against dollar

The rupee’s good run continued into the 8th straight session today as it firmed up by another 4 paise in early trade to 67.33 against the dollar after the US currency saw higher selling by exporters and banks amid foreign fund inflows. Forex dealers said the weakness in the greenback against other currencies overseas and a higher opening… Read More »

Spot gold hits 1-week low as dollar gains dampen safe-haven trade

Spot gold hit its lowest in a week on Wednesday, with the impact of a stronger dollar outweighing a slight swell in the metal’s safe-haven appeal after attacks on an airport and a rush-hour metro train in Brussels. Overnight news of the attacks in Belgium, and hawkish comments from another U.S. Federal Reserve official have underpinned the U.S.… Read More »