Upcoming transformational events could give these underfollowed energy stocks the fuel to produce big-time returns.
NEW DELHI/SHANGHAI (Reuters) -General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China's Great Wall Motor after they failed to obtain regulatory approvals, amid a tougher stance by New Delhi towards investments from Beijing. GM struck a deal in January 2020 to sell the plant to Great Wall, with the Chinese SUV-maker expected to pay up to $300 million as part of a broader plan to invest $1 billion to establish a presence in India's growing car market. "We have been unable to obtain the required approvals within the time frame of the deal," George Svigos, executive director of communications at GM International, told Reuters.
Major oil producers led by Saudi Arabia and Russia stuck to a previously decided output boost on Thursday, despite calls for bigger increases to tame crude prices.
The growing social media platform is far more viral and harder to police than Facebook or YouTube.
LONDON (Reuters) -Oil prices rose about 2% on Friday, recouping most of the previous session's declines, as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand. Brent crude futures were up $2.20, or 2%, at $111.23 a barrel by 1348 GMT, having dropped to $108.03 a barrel earlier in the session. We "still see risks to prices as skewed to the upside on tight inventories, limited spare capacity and muted non-OPEC+ supply response," Barclays said in a note.
NEW DELHI (Reuters) -Toyota Motor Corp on Friday unveiled its first mass market hybrid car for India, a sport utility vehicle (SUV), charting a new course for the Japanese automaker in one of the world's fastest growing car markets. The Urban Cruiser Hyryder SUV, the first car to be built by Toyota as part of a global alliance with Suzuki Motor Corp, will compete with Hyundai Motor Co and Kia Motor Corp in a segment that accounts for a large portion of auto sales in India.
President Rodrigo Duterte scrambled the country’s international loyalties, shook up big business and angered women’s groups and the Catholic Church. And that was before missteps in handling the COVID-19 pandemic. Yet he remains popular with a wide base. How will his tenure be remembered?
HONG KONG SAR - Media OutReach - 1 July 2022 - With global attention on Hong Kong SAR as it marks the 25th anniversary of its establishment, China Media Group (CMG) turned to Hong Kong-based HGC Global Communications (HGC) to help it share the celebrations with audiences across China and around the world. Providing one-stop connectivity, HGC mobilized its MetroNET, Dedicated Internet Access (DIA) services and enterprise broadband services to provide reliable and resilient ultra-low latency commu
Find out why the demand for free food – that come in the form of rejected produce or excessive supply from grocers or businesses – is spiking.
As long as we are prepared. The post I Tried A 1-On-1 Cooking Class with Cook Pass & Learned That Anyone (Even Children) Can Learn How to Cook appeared first on DollarsAndSense.sg.
MUMBAI (Reuters) -India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen demand and bring down the trade deficit. The duty hike should lift prices and moderate demand in India, which could weigh on global prices. "The sudden rise in prices could bring down jewellery demand this month," said Prithviraj Kothari, managing director of RiddiSiddhi Bullions.
All things DBS home loan: DBS adjusted their DBS Singapore Dollar Fixed Deposit (S$FD) board interest rates from 8 June 2022 and the Fixed Deposit Home Rates (FHR) will increase accordingly. Read more to learn about the home loan packages DBS offer, from HDB to private property, BUC to completed projects, fixed and floating rates, and more.
Lifelong buddies, service to Singapore, personal development – the best things in NS life are priceless. For everything else, there’s the eMart. The post 22 Useful Items You Can Buy From The SAF eMart – That You Can Use In Your Civilian Life appeared first on DollarsAndSense.sg.
EC World REIT's unit price is trading at 0.51x NAV, falling to a new low, after replying to a series of questions by SGX
China's factory and services activity picked up in June, official data showed Thursday, fuelled by the easing of Covid-19 restrictions in major cities such as Shanghai and Beijing.
Japanese drinks giant Kirin said Thursday it has agreed to a buyout of its shares in a Myanmar joint venture with a junta-linked conglomerate, completing its exit from the market over the 2021 coup.
The newly opened Paris Baguette flagship at Raffles City Singapore (Credit: CapitaLand)SINGAPORE (EDGEPROP) - CapitaLand will launch a diverse offerings in its downtown malls at Bugis Town (consisting of Bugis Junction, Bugis+ and Bugis Street), Raffles City and Funan in the second half of the year, riding on the positive momentum of Singapore’s reopening of borders and employees return to office.See also: Retail shops in Sim Lim Square for sale at $21 mil“CapitaLand’s network of malls in the do
Who doesn’t love buffet? But you know what’s better? All-you-can-eat buffets at half price. Check out the 1-1 buffet deals for this July!
Eurostat data showed that the average price of goods and services currently consumed in agriculture increased by 9.5% in the first quarter of 2022 compared with the last quarter of 2021, including a 21.2% hike for fertilizers and soil improvers, 17.4% for energy and lubricants and 9.2% for animal feed. The average price of agricultural output increased by 6% in the same quarter, Eurostat said.
European stock markets steadied Friday with traders having expected news of record-high eurozone inflation that reinforced expectations of an ECB interest rate hike this month.
MUMBAI (Reuters) -The Indian rupee plunged on Friday to mark the fourth straight session of record lows, breaking below the 79-per-dollar mark, weighed down by broad strength in the greenback and as investors retreated from the domestic share markets. The U.S. dollar remained strong against major peers due to the prospects of aggressive U.S. interest rates and fears of a widespread recession. "The rupee-dollar exchange rate will remain volatile with a depreciation bias in near term due to a widening trade deficit, foreign portfolio investment outflows and strengthening of the U.S. dollar index," economists at rating agency CRISIL wrote in a note on Friday.
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