Oil falls on US stimulus impasse, rising US crude stockpiles
SINGAPORE, Oct 07 (Reuters): Oil prices fell on Wednesday after US President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy and on a larger-than-expected increase in US crude inventories.US West Texas Intermediate (WTI) crude oil futures declined 42 cents, or 1 per cent, to...
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AirAsia stops funding Indian arm
MUMBAI, Oct 07 (The Economic Times): AirAsia Group Bhd. has stopped funding its Indian affiliate as the global travel slump leaves the Malaysian group struggling to support a sprawling empire of no-frills airlines, people familiar with the matter said.AirAsia India Ltd.'s future may now depend on Indian conglomerate Tata Group,...
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Gold gains as concerns over US stimulus talks ease
BENGALURU, Oct 07 (Reuters): Gold rebounded on Wednesday as worries about a halt in US coronavirus stimulus talks faded, bolstering bullion's appeal as a hedge against inflation and prompting investors to cover short positions after a near 2.0 per cent decline in the last session.Spot gold was up 0.6 per...
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Abu Dhabi, Israel sign deal on trade and investments
DUBAI, Oct 07 (Arab News): The Abu Dhabi Investment Office has signed a cooperation agreement with the Israel Export Institute to capitalise on the newly forged ties between the UAE and Israel.The accord enables the connection of potential business partners, state news agency WAM reported.ADIO will work closely with the...
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