Economy
Malaysia’s inflation rate rises 2.9pc in Oct due to rising fuel, utilities prices
Kuala Lumpur, Malaysia’s inflation rate, as measured by Consumer Price Index (CPI), rose 2.9 percent in October 2021 from a year earlier due to rising fuel and utilities prices, official data showed. The increment was mainly due to a double-digit increase of 11.3 percent in the transport group, the Department of Statistics Malaysia (DOSM) said …
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Co-operative petrol pumps refuse to fill petrol to cars of MLAs
Puducherry, Co-operative petrol pumps here on Saturday refused to fill petrol to the cars of legislators following huge arrears to clear from the government side. It may be noted that the legislators fill petrol for their cars on credit from the co-operative petrol pumps. Confed and Amudhasurabhi petrol pumps are supplying petrol/diesel to the legislators …
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Japan mulls releasing oil reserves to respond to increasing prices: Reports
Tokyo, The Japanese government is considering to release crude oil reserves to curb the oil prices growth, citing sources. Previously, Japan resorted to this measure only in case of natural calamities or disruptions in overseas supplies caused by unstable political situation. Consequently, the step is being considered as a tool of stabilizing the prices for …
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Turkish Lira hits new historical low against US Dollar three days in row
Ankara, The Turkish currency slipped to a new all-time low of around 10 liras for one US dollar on Friday, reaching historic minimum three days in a row, according to the trading data. The Turkish currency has been on the decline since Wednesday after US inflation was reported to have surged to its highest rate …
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Oil prices dip, notching weekly losses
New York, -Oil prices dropped on Friday as market participants weighed risks from both the supply and the demand sides. The West Texas Intermediate for December delivery lost 80 cents, or 1 percent, to settle at 80.79 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery decreased 70 cents, …
Fuel prices touch all time high
New Delhi, Fuel prices touched an all time high as oil marketing companies increased prices of petrol and diesel on Saturday. This is the fourth straight hike this week. The prices were kept unchanged on Monday and Tuesday. In the national capital, the petrol and diesel prices were increased by 35 paise each. Post hike, …
Rupee up 11 paise against USD
Mumbai, The Rupee on Thursday added gains of 11 paise at 74.76 in opening session on brisk selling of US Dollar by bankers and exporters, dealers at the Forex Market said. The Rupee registered days high and low at 74.72 and 75.81 respectively. The domestic unit was seen strong on weak Dollar against other world …
Fuel prices hit all-time high
New Delhi, Fuel prices rallied to their highest ever level as oil marketing companies increased prices of petrol and diesel on Wednesday. This is the first hike this week. The prices were kept unchanged on Monday and Tuesday. In the national capital, the petrol and diesel prices were increased by 35 paise each. Post hike, …