Oil drops after OPEC+ output deal, but mkts to stay tight
LONDON, June 25 (Reuters): Brent crude oil fell 1 per cent on Monday as investors prepared for an extra 1.0 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise production.Despite the increase, which is intended to stop the gap between...
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Air India unveils revamp plan after privatisation setback
NEW DELHI, June 25 (Reuters): State-run Air India will revamp its business and first class cabins on international flights to try to boost revenues by wooing more high-paying passengers. A top company official said on Friday, days after a plan to privatise the ailing airline was called off.India shelved on...
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Gold edges lower amid firm dollar
BENGALURU, June 25 (Reuters): Gold prices edged lower on Monday, pressured by a strong US dollar amid prospects of higher interest rates, while global trade tensions kept the metal buoyed above a six-month low hit last week.Spot gold was 0.1 per cent lower at $1,267.23 an ounce as of 0432...
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DHL eCommerce opens new distribution centre in Melbourne
DHL eCommerce has opened a new distribution centre in Melbourne aimed at supporting the strong growth of e-commerce exports out of Australia.China, the United States (US), the United Kingdom (UK), Germany, New Zealand and Southeast Asia are among the popular export destinations from Melbourne, it said in a statement on...
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Trade fears sap German business morale
FRANKFURT AM MAIN, June 25 (AFP): German business confidence dipped again in June, a closely watched survey said Monday, as fears of a damaging transatlantic trade war and political infighting darken the economic outlook.The Munich-based Ifo economic institute's business climate index slumped to 101.8 points in June, from a slightly...
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