Prices of essential food items significantly spike

New Delhi, Oct 1 (IANS) The average retail prices of essential food items, including rice, and atta, have significantly increase in the last one year. The prices of wheat and atta have gone up considerably in the last few months and as per traders in wholesale markets in the national capital, wheat rates have seen … Read more

Qomolangma Acquisition Corp. IPO Prices at $10 By

© Reuters. Qomolangma Acquisition Corp., a Delaware corporation (QOMOU) announced today that it priced its initial public offering of 5,000,000 units at $10.00 per unit. The Company’s units are expected to be listed on The NASDAQ Capital Market (“Nasdaq”) and trade under the ticker symbol “QOMOU” beginning Friday, September 30, 2022. Each unit consists of … Read more

Europe Natural Gas Prices Rise as Nord Stream Leaks Dash Faint Hopes

By Geoffrey Smith — European natural gas prices rose on Tuesday, after news of leakage from both strands of the Nord Stream pipeline under the Baltic Sea dashed any faint hopes of a resumption of more normal levels of imports from Russia over the coming winter.  By 05:30 ET (09:30 GMT), the front-month , … Read more

Home Prices, Home Sales, Consumer Confidence: 3 Things to Watch

By Liz Moyer — Stocks slumped further on Monday, extending last week’s declines, as investors worried about a recession amid aggressive monetary tightening by the Federal Reserve. Currencies and bonds are also in the news. The strong is pressuring other economies, with the falling to a fresh low of less than $1.04 before ticking … Read more

Prices of rice in comfortable position, says government

New Delhi, Sep 23 (IANS) Days after imposing a ban on rice exports and levying duty on certain grades, the government on Friday said that the domestic price of the commodity is in a comfortable position and will remain well under control. “Due to the surplus stock of rice, the domestic price will be under … Read more

Oil Prices Fall Further on Demand Fears; Fed Rate Hike Looms

By Ambar Warrick– Oil prices extended losses on Wednesday as traders feared more pressure on crude demand from a widely anticipated interest rate hike by the Federal Reserve, while signs of a potential build in U.S. gasoline inventories also weighed.  London-traded fell 0.6% to $90.37 a barrel, while U.S. crude fell 0.2% to $83.73 by … Read more

European Stocks Higher; German Producer Prices Soar to Record Levels

By Peter Nurse – European stock markets edged higher Tuesday, following the global trend upwards, although sentiment remains fragile ahead of the start of the U.S. Federal Reserve’s two-day policy meeting. By 04:00 ET (08:00 GMT), the in Germany traded 0.1% higher, the in France rose 0.1%, and U.K.’s climbed 0.4%. European equities are … Read more

German PPI Hits New All-Time High as Electricity Prices Soar

By Geoffrey Smith — The pressure on the European Central Bank to keep raising interest rates increased again on Tuesday as the Eurozone’s largest economy recorded a new all-time high for factory gate inflation.  rose by 7.9% in August, and were up 45.8% from a year earlier, statistics office Destatis said. Both figures were … Read more

Oil Prices Settle Higher as Easing China Lockdowns Stoke Demand Hopes

By Yasin Ebrahim — U.S. crude oil prices cut losses to settle higher Monday as investors weighed up the demand outlook amid easing Covid lockdown measures in China and the impact of slowing global growth. On the New York Mercantile Exchange climbed 62 cents to settle at $85.73 a barrel, while on London’s Intercontinental … Read more

Oil Prices Rise as China Reopening Helps Demand Outlook

By Ambar Warrick– Oil prices started the week on a strong note as the lifting of COVID lockdowns in a major Chinese city boosted optimism over an eventual demand recovery in the world’s largest crude importer. The Chinese megacity Chengdu- which was the biggest city to face COVID lockdowns after Shanghai earlier this year- is … Read more