Recent Posts

IT shares rally lifts India Sensex to record high a second day

Bloomberg Indian shares advanced a second day, with the key indexes extending record highs, paced by a rally in software exporters. The benchmark S&P BSE Sensex added 0.1 percent to close at 31,747.09 at the 3:30 p.m. close in Mumbai, while the NSE Nifty 50 Index gained 0.2 percent. The Sensex closed at an all-time high level for the third ...

Read More »

Electricity overtakes fossil fuels in push for investment

Bloomberg Electricity drew in more investment than fossil fuel supply for the first time last year as the energy industry prepared for electrification of everything from cars to buildings and industrial processes. Power generation and electricity grid expansions took in $718 billion, 42 percent of the $1.7 trillion invested in energy last year, according to a report by the International ...

Read More »

Goldman warns of oil below $40 without OPEC ‘shock and awe’

Bloomberg OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc. The Organization of Petroleum Exporting Countries must increase output cuts aimed at shrinking a global glut with little public announcement in order to jolt investors, the bank said in a July 10 report. Without such action and no evidence of ...

Read More »
Send this to a friend