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2 Israeli Soldiers Stumble Upon 1,500-Year-Old Oil Lamp In Southern Gaza
Two Israeli reserve soldiers unexpectedly stumbled upon a small, well-preserved Byzantine oil lamp at an army staging area in southern Israel near the Gaza border, the Israel Antiquities Authority announced on Tuesday.
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Rupee Trades At Over A One-Month Low Of 82.72 Per Dollar Ahead Of RBI
Rupee Today: The rupee trades only a touch weaker ahead of the RBI's policy decision on Wednesday as oil prices tumbled on demand concerns.
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Vedanta's Reserves Transfer Proposal Gets Proxy Advisory Firm's Backing
Metals and oil conglomerate Vedanta Ltd's proposal to reorganise capital and transfer Rs 12,587 crore from general reserves to retained earnings has won the backing of US-based proxy advisory firm Glass Lewis.
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Oil Prices Edge Lower On Prospect Of Rising US Interest Rates
Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast.
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Global Stocks Slide, Dollar Rampant As Fed's Powell Spooks Markets
An index of global stock markets fell, while short-term US Treasury yields rose on Friday, after Federal Reserve Chair Jerome Powell said the US economy will need tight monetary policy "for some time" before inflation is under control.
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Forex Reserves Slump By $2 Billion As RBI Sells Dollars To Defend Rupee
India's foreign exchange reserves slumped by over $2 billion in the week ending August 12, as the Reserve Bank of India intervened to shore up the rupee and keep the currency below 80 per dollar.
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Stocks Flat, Oil Gains As Rate Hikes Loom Following Strong Jobs Data
Wall Street ended the day flat on Friday as Treasury yields jumped following a stronger-than-expected U.S. jobs report, which suggested the Federal Reserve may push further interest rate hikes to cool the economy and slow inflation.
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Nasdaq Falls With Dollar, Oil Rises; Earnings, Fed In Focus
Nasdaq closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike.
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Oil Prices Fall, Taking A Breather A Day After Surging Over $5 A Barrel
Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the U.S. Federal Reserve's interest rate hike may be less than thought.
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Retail Inflation Likely Held Just Above 7% And RBI's Target Band In June: Report
India's retail inflation likely held steady in June, but well above the Reserve Bank of India's tolerance limit for a sixth month as lower fuel and cooking oil prices offset higher services and food costs, a Reuters poll found.
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U.S. Stocks End Down Slightly After Early Boost From Powell; Oil Falls
Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.
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Oil Prices Slip As US Fed Rate Hike Looms
Oil prices dropped on Wednesday on worries over fuel demand ahead of a US Federal Reserve meeting which is expected to see the central bank to hike rates by at least 75 basis points to combat inflation.
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India's Forex Reserves Rose To Above $600 Billion, Highest Since April
India's foreign exchange (FX) reserves rose by about $3.9 billion to over $600 billion in the week that ended on May 27, providing relief for a country when its largest import, crude oil, remains elevated.
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Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Prices fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.
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2 Israeli Soldiers Stumble Upon 1,500-Year-Old Oil Lamp In Southern Gaza
Two Israeli reserve soldiers unexpectedly stumbled upon a small, well-preserved Byzantine oil lamp at an army staging area in southern Israel near the Gaza border, the Israel Antiquities Authority announced on Tuesday.
-
Rupee Trades At Over A One-Month Low Of 82.72 Per Dollar Ahead Of RBI
Rupee Today: The rupee trades only a touch weaker ahead of the RBI's policy decision on Wednesday as oil prices tumbled on demand concerns.
-
Vedanta's Reserves Transfer Proposal Gets Proxy Advisory Firm's Backing
Metals and oil conglomerate Vedanta Ltd's proposal to reorganise capital and transfer Rs 12,587 crore from general reserves to retained earnings has won the backing of US-based proxy advisory firm Glass Lewis.
-
Oil Prices Edge Lower On Prospect Of Rising US Interest Rates
Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast.
-
Global Stocks Slide, Dollar Rampant As Fed's Powell Spooks Markets
An index of global stock markets fell, while short-term US Treasury yields rose on Friday, after Federal Reserve Chair Jerome Powell said the US economy will need tight monetary policy "for some time" before inflation is under control.
-
Forex Reserves Slump By $2 Billion As RBI Sells Dollars To Defend Rupee
India's foreign exchange reserves slumped by over $2 billion in the week ending August 12, as the Reserve Bank of India intervened to shore up the rupee and keep the currency below 80 per dollar.
-
Stocks Flat, Oil Gains As Rate Hikes Loom Following Strong Jobs Data
Wall Street ended the day flat on Friday as Treasury yields jumped following a stronger-than-expected U.S. jobs report, which suggested the Federal Reserve may push further interest rate hikes to cool the economy and slow inflation.
-
Nasdaq Falls With Dollar, Oil Rises; Earnings, Fed In Focus
Nasdaq closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike.
-
Oil Prices Fall, Taking A Breather A Day After Surging Over $5 A Barrel
Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the U.S. Federal Reserve's interest rate hike may be less than thought.
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Retail Inflation Likely Held Just Above 7% And RBI's Target Band In June: Report
India's retail inflation likely held steady in June, but well above the Reserve Bank of India's tolerance limit for a sixth month as lower fuel and cooking oil prices offset higher services and food costs, a Reuters poll found.
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U.S. Stocks End Down Slightly After Early Boost From Powell; Oil Falls
Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.
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Oil Prices Slip As US Fed Rate Hike Looms
Oil prices dropped on Wednesday on worries over fuel demand ahead of a US Federal Reserve meeting which is expected to see the central bank to hike rates by at least 75 basis points to combat inflation.
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India's Forex Reserves Rose To Above $600 Billion, Highest Since April
India's foreign exchange (FX) reserves rose by about $3.9 billion to over $600 billion in the week that ended on May 27, providing relief for a country when its largest import, crude oil, remains elevated.
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Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Prices fell after Federal Reserve Chairman Jerome Powell warned the economy could be hurt by attempts to reduce inflation.
