Commodity News

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Finance Minister announces big tax boost for the Indian economy, Fed cuts rates by 25 bps & Aramco to restore lost oil production

14th Sept – 20th Sept

The government has slashed the basic corporate tax rate to 22% from 30% while for new manufacturing companies it has been cut down to 15% from 25%. A domestic company..

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Soybean production may drop sharply, US Fed may cut interest rates by 25 bps & OPEC cuts forecast for growth in world oil demand

07th Sept – 13th Sept

Soybean had been planted over 11.27 million hectares (ha) till recently..

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Gold drops on optimism over US-China trade talks, copper bounces from two year lows & nickel prices rally over export ban in Indonesia

31st Aug – 06th Sept

U.S. companies added the most jobs in four months in August while jobless..

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Trade war shows signs of cooling, Hurricane Dorian to affect oil production & Nickel at multi-month highs over supply issues in Papua New Guinea

24th Aug – 30th Aug

At the annual Jackson Hole Summit..

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Rupee plunges to 72 levels, ECB eyes stimulus package & US factory sector contracts in August

17th Aug – 23rd Aug

European Central Bank policymakers have said that a combination of measures may be needed..

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US to delay 10% tariffs on a range of Chinese goods, Chinese Industrial output grew 4.8 per cent in July & Indian rupee has become Asia's worst-performing currency

10th Aug – 16th Aug

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U.S. crude oil production to reach record highs, OPEC and non-OPEC Ministerial Monitoring Committee to meet

03rd Aug – 09th Aug

The Indian rupee gained strength on hopes that the government may roll back..

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Indian gold demand to drop this quarter, US Federal Reserve cuts interest rate by 25 bps & US to slap

27th July - 02nd Aug

In July, OPEC’s fourteen members pumped a combined 29.42 million bpd, a decline of 280,000...