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  • Oil Prices Rise to Near $90 as OPEC Cut Looms

    Oil Prices Rise to Near $90 as OPEC Cut Looms

    Oil prices rose further on Tuesday as markets positioned for the biggest supply cut by OPEC since the 2020 COVID crisis, with weakness in the dollar also helping London-traded Brent oil futures the global benchmark, rose 0.6% to $89.28 a barrel, while West Texas Intermediate crude futures rose 0.2% to $83.82 a barrel. Both contracts jumped as much as $4 on Monday, amid reports that the Organization of Petroleum Exporting Countries and its allies (OPEC+) are considering a production cut of up to 1 million barrels per day (BPD). 

    The move would be the cartel’s biggest supply cut since a similar move during the COVID-19 pandemic and comes after a drastic fall in oil prices this year. 

    The OPEC is set to Meet in Vienna on Wednesday  its first in-person meeting since 2020- where it will decide on trimming supply. Several members of the cartel have already warned that production will be cut to support prices, which are languishing near eight-month lows Oil prices fell sharply from a 14-year high this year as concerns over dwindling demand largely offset curbs to Russian supply from the Ukraine war. Rising interest rates, inflation, and signs of weakening global economic activity were the biggest weights on crude this year The United States’ depletion of its Strategic Petroleum Reserve also increased supply, bringing down prices ahead of the November midterm elections Strength in the dollar this year also weighed on crude, as the greenback reached 20-year highs. A stronger dollar makes commodity imports more expensive, as they are priced in the currency.

    But crude prices benefited from a recent dip in the Dollar , as markets bet that growing economic ructions will push the Fed into easing its pace of sharp interest rate hikes.

    Weak manufacturing readings from major economies on Monday furthered this notion, pushing the dollar lower and helping crude prices But weakening economic activity also bodes poorly for oil prices, given that demand will also be adversely affected Traders long on oil are now betting that a harsh European winter, OPEC cuts, and easing COVID-19 lockdowns in major importer China will help support crude in the fourth quarter  Oil bears expect that more hawkish signals from major central banks and more signs of weakening demand will pull crude lower. 

  • Oil Heads For Fourth Straight Monthly Loss as OPEC Meeting Looms

    Oil Heads For Fourth Straight Monthly Loss as OPEC Meeting Looms

    Oil prices rose slightly on Friday, but were set for a fourth straight month of losses amid growing concerns over weakening demand, with the focus now turning to a potential supply cut by the OPEC next week London-traded Brent oil futures, the global benchmark,  were flat at $87.50 a barrel by 21:55 ET (01:55 GMT), while U.S West Texas Intermediate curse futures rose 0.4% to $81.56 a barrel. Both contracts were set to lose about 9% in September Prices took mixed signals from Chinese manufacturing data on Friday. While the Official Government Reading showed that activity expanded in September, a Private survey showed that activity sank far more than expected Oil prices tumbled from annual highs this year amid growing concerns that rising interest rates will crimp economic activity, weighing on crude demand. Several major central banks, led by the Federal Reserve, have adopted an extremely hawkish stance this year.




    The Fed’s rate hikes boosted the dollar, which dented crude demand by making imports more expensive. The U.S. government has also drawn steadily from its Strategic Petroleum Reserve this year, increasing supply.

    Fears of an economic meltdown in the UK, as the pound crashed to record lows, rattled crude markets. A swathe of weak economic readings from China, the U.S. and the Eurozone this month also battered crude prices with the prospect of more demand destruction.




    But the consistent crude losses have spurred speculation that the Organization of Petroleum Exporting Countries will trim production when it Meet Next Week . Several members of the group have flagged potential measures to support prices Oil prices were set to end the week higher on that notion. WTI futures were up 3.4% this week, while Brent was set to add over 1%, with both contracts also breaking a four-week losing streak Weakness in the dollar, as investors locked in profits at 20-year highs, also benefited crude prices, as did data showing an unexpected decline in U.S. crude stockpiles Oil prices could potentially benefit from more tightening supply in the fourth quarter, particularly in light of an escalation in the Russia-Ukraine conflict. A harsher-than-expected European winter could also tighten supply by pushing up the use.

  • Космолот робота відгуки від співробітників

    Технологічні можливості

    Космолот робота відгуки демонструють активний розвиток IT-напрямку. Команда постійно розширюється, створюючи нові технологічні рішення. У компанії приділяється особлива увага розвитку інноваційних проектів та залученню професійних кадрів.

    Ключові напрямки

    • Розробка технологічних проєктів
    • Створення інноваційних рішень
    • Розвиток соціальних ініціатив
    • Модернізація платформи

    Стабільність

    Компанія забезпечує надійні умови праці, що підтверджується фінансовими показниками та постійним розширенням штату. Особлива увага приділяється створенню можливостей для професійного розвитку співробітників.

    Перспективи розвитку

    Активна робота над технологічними проектами створює нові можливості для фахівців різних напрямків. Це сприяє зростанню професійного рівня команди та розвитку галузі в цілому.

  • Космолот робота відгуки від співробітників

    Технологічні можливості

    Космолот робота відгуки демонструють активний розвиток IT-напрямку. Команда постійно розширюється, створюючи нові технологічні рішення. У компанії приділяється особлива увага розвитку інноваційних проектів та залученню професійних кадрів.

    Ключові напрямки

    • Розробка технологічних проєктів
    • Створення інноваційних рішень
    • Розвиток соціальних ініціатив
    • Модернізація платформи

    Стабільність

    Компанія забезпечує надійні умови праці, що підтверджується фінансовими показниками та постійним розширенням штату. Особлива увага приділяється створенню можливостей для професійного розвитку співробітників.

    Перспективи розвитку

    Активна робота над технологічними проектами створює нові можливості для фахівців різних напрямків. Це сприяє зростанню професійного рівня команди та розвитку галузі в цілому.

  • Космолот работа отзывы: развитие IT-сектора

    Технологическое развитие

    Команда постоянно растет, о чем свидетельствуют многочисленные положительные космолот работа отзывы. Специалисты отмечают активное развитие технологического направления. В компании создаются все условия для профессиональной реализации IT-специалистов и развития инновационных проектов.

    Приоритетные проекты

    • Разработка новых решений
    • Модернизация платформы
    • Развитие инфраструктуры
    • Создание инновационных продуктов

    Перспективы

    IT-специалисты получают возможность работать над масштабными проектами, способствующими развитию технологического сектора. Компания инвестирует в развитие технологической инфраструктуры и создание современных решений.

    Рабочая среда

    Важным аспектом является создание комфортных условий для работы и профессионального роста специалистов. Это подтверждается постоянным расширением команды и успешной реализацией новых проектов.

  • Космолот работа отзывы: развитие IT-сектора

    Технологическое развитие

    Команда постоянно растет, о чем свидетельствуют многочисленные положительные космолот работа отзывы. Специалисты отмечают активное развитие технологического направления. В компании создаются все условия для профессиональной реализации IT-специалистов и развития инновационных проектов.

    Приоритетные проекты

    • Разработка новых решений
    • Модернизация платформы
    • Развитие инфраструктуры
    • Создание инновационных продуктов

    Перспективы

    IT-специалисты получают возможность работать над масштабными проектами, способствующими развитию технологического сектора. Компания инвестирует в развитие технологической инфраструктуры и создание современных решений.

    Рабочая среда

    Важным аспектом является создание комфортных условий для работы и профессионального роста специалистов. Это подтверждается постоянным расширением команды и успешной реализацией новых проектов.

  • India expected to attract $100 billion FDI in 2022-23: PHD Chamber

    India is expected to attract $100 billion foreign direct investment (FDI) in 2022-23 on the back of economic reforms and ease of doing business in recent years, industry chamber PHDCCI said on Thursday.

    It also said the current financial year is expected to attain a GDP growth of more than 8 per cent.

    However, the inflation scenario has been stoked by rising international commodity prices, particularly of crude oil, it said.

    “India is expected to attract a $100 billion FDI inflow in 2022-23 supported by various ground touching economic reforms and significant ease of doing business in recent years,” the chamber said.

    It has suggested a ten-pronged strategy to strengthen the economic growth and achieve the target of becoming a $5 trillion economy in next five years.

    The suggestions include speedy infrastructure investments, inclusion of more sectors under the PLI scheme, increase in public investments in agriculture sector, addressing the high commodity prices and shortages of raw materials.

  • Russia-Ukraine war: Rs 1.2 trn SME debt at risk, lower-rated unit worse off

    Rs 1.2 trn SME debt at risk,

    The direct impact of the Russia-Ukraine war on Indian business would be largely restricted to small entities with low ratings and would be manageable. The effect on credit will be more pronounced in a few sectors such as pharma and subsidy-linked industries like fertilisers, according to India Ratings.

    As for the indirect impact of war on credit, rating agency said the analysis of top 1,400 corporate entities (excluding oil and financial entities) as per total debt, is expected to be limited-to-moderate.

    The median EBITDA margins could be impacted by 100-200 bps for commodity-consuming sectors in a scenario of commodity prices sustain at the current levels, rupee depreciates by 10 per cent and an increase in the borrowing costs by one per cent.

    The debt at risk (with net leverage exceeding 5x) would exceed by Rs 1.2 trillion compared to what was anticipated prior to the war, or under steady state condition. The agency is reviewing its portfolio of entities and will communicate rating actions wherever appropriate.

    Pharma has meaningful exports to the countries in the Commonwealth of Independent States which coupled with the ongoing pressure on generic pricing in the US could impact the profitability of some companies.

    Wtih respect to credit, given these entities have low leverage on their balance sheets, risk is expected to be minimal. Increasing business risks in the event of a prolonged disruption could impact credits.

    Higher food, fertilizers, and oil prices are likely to put pressure on the subsidy allocation by the Indian government for fertilizers and LPG. If the government were to refrain from increasing the fertilizer subsidy, the deficit would need to be funded by the balance sheet of fertilizer companies, thus deteriorating their credit metrics. The credit impact on fertilizer companies is assessed to be manageable, given their low leverage, it said.

    India Ratings said that the increase in commodity prices could result in a stretched working capital cycle for small and medium enterprises (SMEs), weakening debt servicing ability. Additionally, any material rise in interest rates could increase the EMI burden on borrowers.

  • Rupee rises by 22 paise to 74.44 against US dollar in early trade

    The rupee spurted by 22 paise to 74.44 in early trade on Monday on softer crude oil prices and revived hopes of a diplomatic solution to the Russia-Ukraine crisis.

    The rupee gained further ground to trade at 74.44 at 1030 hours, supported by benign crude oil prices.

    Reports suggested that the US and Russia have agreed to hold a summit on the Ukraine standoff, calming jittery investors. The reports also suggested that one of the preconditions for the summit is that Russia would not invade Ukraine, raising hopes of a diplomatic solution to the crisis.

    Of late, crude oil prices have spurted on fears of supply disruption due to a possible invasion of Ukraine by Russia.

    The Brent Crude on Monday dropped by 0.34 per cent to USD 93.22 per barrel. The US dollar index also edged lower by 0.21 per cent to 95.84.

    Meanwhile, on the domestic equity front, the BSE Sensex was trading lower by 398.17 points at 57,434.80 and the NSE Nifty dropped 93.20 points to 17,183.10 in late morning deals.

  • Sensex, Nifty end lower in see-saw session; HDFC bucks trend

    Market benchmarks closed in the red after a highly volatile session on Wednesday despite a positive trend in global equities amid signs of cooling of Russia-Ukraine tensions.

    The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 — marking a loss of 145.37 points or 0.25 per cent

    Likewise, the NSE Nifty see-sawed between gains and losses before settling 30.25 points or 0.17 per cent lower at 17,322.20.

    On the Sensex chart, NTPC, SBI, UltraTech Cement, ICICI Bank, Tata Steel, Bajaj Finserv and Bjaja Finance were among the major laggards, shedding as much as 1.63 per cent.

    In contrast, Bharti Airtel was the top performer, spurting 1.41 per cent, followed by HDFC, M&M, Dr Reddy’s, Kotak Bank and Nestle India.

    Of the index constituents, 22 shares closed with losses.

    Ajit Mishra, VP – Research, Religare Broking Ltd, said markets are currently dancing to the global tunes and the trend is likely to continue.

    “The US Fed meeting minutes and lingering tension over the Russia-Ukraine crisis will remain on the radar. Besides, the scheduled weekly expiry would further add to the choppiness. We reiterate our cautious stance and suggest waiting for further clarity,” he noted.

    Sectorally, metal, banking and basic materials indices fell the most — dropping up to 0.66 per cent. Of the 19 indices, 11 indices closed in the red. Broader BSE midcap and largecap gauges followed the benchmark to end lower, while the smallcap index logged gains.

    World stocks edged higher after Russia said it was pulling back some troops from the Ukraine border, even as the US administration reiterated its commitment to respond “decisively” in case of a Russian attack.

    Elsewhere in Asia, bourses in Tokyo, Shanghai, Hong Kong and Seoul closed with significant gain.

    Markets in Europe too were largely trading higher in the afternoon session. Global crude oil benchmark Brent Futures slipped 0.19 per cent to USD 93.06 per barrel.

    The rupee appreciated by 23 paise to close at 75.09 against the US dollar. Foreign institutional investors (FIIs) were net sellers in the capital market on Tuesday, as they offloaded shares worth Rs 2,298.76 crore, according to stock exchange data.