Business

Oil soars, Brent hits 16-month high after OPEC output deal

Oil soars, Brent hits 16-month high after OPEC output deal

The Ministry of Petroleum Resources, yesterday, disclosed that the decision of the Organisation of Petroleum Exporting Countries, OPEC, to exempt Nigeria from the oil output cut deal was as a result of strategic negotiations and the worrying incidences of vandalisation of the country's petroleum installations.


Sensex slumps 329 points, Nifty plunges below 8100 amidst global concerns

Sensex slumps 329 points, Nifty plunges below 8100 amidst global concerns

Idea Cellular and Reliance Communications edged higher by up to 0.75 percent. Indian sovereign bonds climbed the most since 2009 this month as a banking system awash with cash boosted demand for debt. The Sensex and Nifty slumped almost 1.3 per cent, dragged by by financials after the country raised the limit of bonds that can be issued under the market stabilisation scheme, while the sentiment was also subdued ahead of United States payrolls expected later in the day.



Last-minute Exelon subsidy plan goes to Illinois House floor

But Craig Nelson, Ameren's senior vice president of regulatory affairs and financial services, said the latest version would only increase the average residential customer's bill by 12 cents per month. The Future Energy Jobs Bill that will maintain Illinois' competitive electric rates, preserve and create thousands of jobs and expand clean energy at a cost substantially below 25 cents per month for the average ComEd residential customer.


Don't Need Legal Reason to Seek Nusli Wadia's Removal: Tata Sons

Don't Need Legal Reason to Seek Nusli Wadia's Removal: Tata Sons

He took strong umbrage to six allegations in the special notice, that he (Wadia) was acting in concert with Cyrus Mistry, has been acting against the interests of the Tata Group, has been acting in a manner created to cause harm to the Tata Group, was not conducting himself independently and acting prejudicially and that his actions could gravely jeopardise the company, its future and its employees, and that the shareholders had lost faith in him and sought his removal.


Violence against women serious violation of human rights

Violence against women serious violation of human rights

Speaking about the survey, ActionAid India executive director Sandeep Chachra said, "Cross country findings suggest immediate action is needed to curb harassment and violence against women". As policy-makers, we bear the greatest responsibility to protect women and raise awareness: the European Union has put forward targeted projects all around the world, including through the new EU Gender Action Plan 2016-2020, and within our borders.


Big four banks join smaller lenders in fixed rate home loan hikes

Big four banks join smaller lenders in fixed rate home loan hikes

Toronto-Dominion is raising mortgage rates again - and this time the lender is going much farther than its recent hikes. As far as ARMs go, 5 year loans at PNC have been listed at 3.375% with an April of 3.910%. "Certainly there are households on the margin where the difference between 3.5 and 4 percent is the difference between qualifying for a loan and not qualifying for a loan", said Ralph McLaughlin, chief economist at housing data provider Trulia.