Power play – India wields oil ‘weapon’ to cut dependence on Saudi

2/2 © Reuters. Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata 2/2 By Nidhi Verma NEW DELHI (Reuters) – When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East – days after OPEC+ said it would maintain production […]

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Gold Back in Play, Edging Up on Stimulus Hopes Despite Dollar Rebound

© Reuters. By Barani Krishnan Investing.com – Gold prices rose Thursday as investors began making a beeline for the yellow metal despite a rebound in the dollar, as the win of the U.S. Senate by President-elect Joe Biden’s Democratic Party opened the path for stimulus that would benefit gold. on New York’s Comex settled up […]

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Deutsche Bank should play leading role in banking consolidation – CEO

© Reuters. BERLIN (Reuters) – Deutsche Bank (DE:) is gaining in financial strength, putting Germany’s largest lender in a position to play a leading role in European banking consolidation, CEO Christian Sewing was quoted on Sunday as saying. “We continue to do better and therefore meet the criteria to sit at the table when it […]

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Trump Infection May See Hedge Funds Play Catch-Up in Yen Longs

© Reuters. Trump Infection May See Hedge Funds Play Catch-Up in Yen Longs (Bloomberg) — U.S. President Donald Trump’s coronavirus infection may provide the catalyst for hedge funds to catch up with asset managers’ bullish bets on the yen. Leveraged funds are likely to buy the Japanese currency as the diagnosis triggers a surge in […]

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Fed’s Bostic calls for end to racism, says Fed can play a role

© Reuters. FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion in Atlanta (Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic, the Fed’s only African American policymaker, on Friday issued an impassioned call for an end to racism and laid out ways the U.S. central bank can help […]

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Oil up in Spread Play Vs. Gasoline, Sentiment Still Weak on Recession Worry

© Reuters. By Barani Krishnan  Investing.com – Crude prices settled up on Monday, gaining in spread trades against gasoline futures, which hit record lows on anticipation of demand destruction for fuel from the widening U.S. lockdown over Covid-19. Analysts, however, said they expected U.S. crude to trade not too far from the key $ 20 […]

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