The average rate on a 30-year fixed mortgage in the United States eased last week after climbing to its highest level in nine months, offering some relief to prospective homebuyers navigating a challenging housing market.According to Freddie Mac, the US-government-sponsored mortgage finance corporation whose weekly survey is widely regarded as a key indicator of US…
OPEC+ on Sunday agreed to a fourth consecutive increase in oil production targets, even as the ongoing US-Iran conflict continues to restrict exports from several member countries and disrupt global energy supplies, Reuters reported.Seven core members of OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, decided to raise…
Indian benchmark indices ended a volatile session marginally lower on Friday as investors digested the Reserve Bank of India’s monetary policy decision and continued foreign institutional investor (FII) selling, while keeping a close watch on global developments, according to an ET report.The RBI kept the repo rate unchanged at 5.25% and maintained its neutral policy…
Gold and silver prices are expected to remain sensitive to developments in Middle East, movements in crude oil prices and a series of key economic data releases this week, analysts said.Market participants will closely track trade and inflation data from China and the US, consumer sentiment figures from Washington and India’s Consumer Price Index (CPI)…
Global production of Sustainable Aviation Fuel (SAF) is expected to reach around 2.4 million tonnes in 2026, accounting for just 0.8% of total aviation fuel consumption, highlighting the scale of the challenge facing the airline industry’s net-zero ambitions, according to the International Air Transport Association (IATA).IATA estimates that airlines will spend about $4.3 billion on…
India’s economic growth remains resilient and concerns that higher crude oil prices could significantly derail the economy are overstated, according to Neelkanth Mishra, India’s newly appointed Executive Director at the World Bank.In an interview with ANI, Mishra said India is better positioned than many other energy-importing economies to absorb elevated oil prices without suffering major…
When the Strait of Hormuz tightened, many braced for $200-a-barrel oil. More than three months on, that nightmare scenario is still nowhere in the picture.The disruption, which removed more than 10 million barrels a day of Middle Eastern supply from the market, had fuelled warnings of crude prices soaring to as much as $200 a…
AI generated representative image Ten years ago, India’s insolvency landscape was defined by stalled projects, endless litigation, weak recoveries and mounting bad loans. Companies remained trapped in legal limbo for years, banks struggled to recover dues, and distressed assets steadily lost value as cases moved through multiple forums.The Insolvency and Bankruptcy Code (IBC), enacted in…
Rosneft chief executive Igor Sechin on Saturday said American energy companies were the biggest beneficiaries of the closure of the Strait of Hormuz, while warning that prolonged disruption in the vital shipping route could ultimately undermine global oil demand and accelerate interest in alternative energy sources, as per Reuters.Speaking at the St. Petersburg International Economic…
Reserve Bank of India’s monetary policy measures are seen a coordinated attempt to shift market perception of rupee from depreciation concerns towards stronger capital inflows. SBI Research estimates that the measures could trigger at least $40 billion in inflows, potentially supporting the rupee towards the 92–93 levels. At the same time, Kotak Securities places the…
