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Riyadh hikes oil prices for Asia

OPEC kingpin Saudi Arabia has raised oil prices for customers in its main market of Asia after optimism over Covid-19 vaccines caused crude prices to climb to an nine-month high last week, report agencies.The Saudi Aramco raised prices for Arab light crude for Asia by 80 cents a barrel to...

Giant Japan steel mill signals pandemic recovery taking root

A surge in automotive demand is making it attractive for Nippon Steel Corp. to restart facilities it shut earlier this year even as the world's third-biggest steelmaker cautioned that longer-term domestic demand remains anemic and its plan to cut output by shutting aging mills will remain on track, MetalJunction reported.In...

Lufthansa to shed 29,000 staff by year end: Report

BERLIN, Dec 07 (Reuters): Lufthansa will shed 29,000 staff by the end of this month and the German airlines will cut another 10,000 jobs in its home country next year as it struggles to cope with the novel coronavirus, a newspaper reported on Sunday.The airline and its subsidiaries, Eurowings, Swiss,...

'SII applies for approval of made-in-India covid vaccine'

As promised, before the end of 2020, Serum Institute has applied for emergency use authorisation for the first made-in-India Covid-19 vaccine, Covishield, Adar Poonawalla, the CEO of Serum Institute of India, tweeted on Monday, LiveMint reported.Poonawalla has confirmed that Serum Institute of India has applied for emergency use authorisation for...

Global edible oil to attain $119.571b market value by end of 2025

The global edible oil market is estimated to grow at a CAGR of 3.57 per cent from a market value of $96.878 billion in 2019 to attain a market value of $119.571 billion by the end of 2025, report agencies.According to the OECD-FAO Agricultural Outlook 2019-2028 statistics, it is estimated...

Gold, silver mixed, heading into the EU session

NEW YORK, Dec 07: After rebounding last week gold is yet to trade above the US $1848.84 resistance area but is trading 0.18 per cent higher overnight. Silver on the other hand is not looking so positive and trades 0.18 per cent in the red on the first trading day...