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Saturday, August 07, 2004
Crude prices soar despite OPEC's promise
LONDON, AUG. 6.Crude futures soared to new heights on Friday as jumpy markets dismissed reassurances from the Organization of Petroleum Exporting Countries (OPEC) that it has prepared to raise oil output by more than one million barrels a day. ...
Factors behind inflationary spiral
NEW DELHI, AUG.6. Prices of diesel and petrol are likely to rise further in the coming weeks as international crude prices are on the upward march, crossing $44.70 a barrel today. This will push up inflation in the coming weeks. (The inflation ...
Moderation likely after mid-August, says Lahiri
NEW DELHI, AUG. 6. The Government today said inflation, which shot up to over two-year high of 7.51 per cent, is expected to decline after middle of August. While the pressure on petroleum prices will continue in short-run, the Chief Economic ...
Sensex tumbles on oil worries
MUMBAI, AUG. 6.Share prices turned sharply weak and the sensex tumbled by 55.79 points to close at 5196.99 on the Bombay Stock Exchange today following profit-booking at higher levels on another surge in global crude oil prices. In New York, ...
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