TMS Ep210: Govt vs Big Tech, SEZs in India, crude oil prices, IPO allotment

India is seeing yet another showdown between Twitter and regulators. And the recent one is being played out in the corridors of Karnataka High Court. The microblogging site has challenged some of the government’s directives asking it to take down certain posts. Twitter is not ready to budge, and so is the … Read more

Gold prices inch higher as dollar advance pauses

Breadcrumb Trail Links PMN Business Author of the article: Article content Gold prices edged up on Thursday from nine-month lows touched in the previous session, after the dollar paused its rally, alleviating pressure on greenback-priced bullion. FUNDAMENTALS * Spot gold firmed 0.2% to $1,741.87 per ounce by 0100 GMT. U.S. gold futures rose 0.2% to … Read more

Manhattan home prices hit a record while sales frenzy winds down

Manhattan home sales showed continued strength in the second quarter, though there are clear signs that fears of a recession are slowing down the market. Purchases of condos and co-ops closed at a median of $1.25 million, a record high, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Wednesday.  The 3,834 transactions — a … Read more

European gas prices pause as Norway oil and gas strike ends (NYSEARCA:UNG)

straga/iStock via Getty Images European natural gas prices fell on Wednesday from four-month highs after Norway’s government intervened to end a strike of oil and gas workers that threatened to exacerbate the region’s supply shortage. According to CNBC, the European benchmark gas price at the Dutch TTF hub recently traded -2.5% at €161/MWh, after the … Read more

Asking prices of newly-listed homes for sale drop from all-time high levels: Redfin

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Food ministry calls meeting of edible oil firms to reduce retail prices

The food ministry has called a meeting on Wednesday with edible oil industry bodies and manufacturers to discuss reduction in the retail prices of cooking oils amid a fall in global prices. Speaking on the sidelines of a conference, Food Secretary Sudhanshu Pandey informed that a meeting has been … Read more

House prices lift, remortgage approvals dip: LMS

The remortgage market remained in positive territory in the first three months of the year, with homeowner equity indicators hitting an all-time high, although remortgage approvals fell sharply as living costs mount, according to LMS. Overall, the property service firm’s Remortgage Index fell 5.1 points to 65 in the first quarter, its lowest reading since … Read more

S&P 500 posts worst H1 in 52 years; energy only gainer, as as oil prices soared

The S&P 500 ended the first half of the year with a 20.6% fall, marking its worst H1 since 1970. Alongside the benchmark index, the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) also lost 20.6%. A combination of factors caused the slump, starting with surging COVID-19 cases driven by the Omicron variant at the beginning of … Read more

Oil Prices Steady as Concerns About Tight Supply and Weakening Demand Persist

Text size High oil prices are already causing demand destruction, said an executive at crude trader Vitol Group. Getty Images Crude prices held steady early Monday as traders weighted the prospect of recession in the second half against worries that supply will remain limited. Brent crude, the international standard, was little changed at $111.77 a … Read more