1 دن پہلے
U.S. inflation stays hot in August as CPI rises 3.4% year over year, above forecasts
U.S. consumer prices rose 3.4% year over year in August, slightly above economists’ 3.3% forecast, as gasoline and diesel costs continued to climb. The national average diesel price rose more than 60% from a year earlier to $6.06, while gasoline averaged $4.30. The data arrive ahead of the Federal Reserve’s policy meeting next week, when officials will decide whether to keep raising interest rates.
1 دن پہلے
1 دن پہلے
Energy Aspects' Amrita Sen says oil market hits an inflection point as prices break above $100 a barrel
Energy Aspects founder and market intelligence director Amrita Sen said the oil market has reached an “inflection point,” with the price trend pointing higher as global inventories are being drawn down faster and China’s crude buying has rebounded. She estimated China will import about 10 million barrels per day of crude in September, roughly 3 million bpd more than in June when imports fell below 7 million bpd to a decade low. Sen also said global inventories fell by 120 million barrels over the past two weeks, helping lift oil above $100 a barrel for the first time since July, according to Bloomberg.
1 دن پہلے
1 دن پہلے
CMI Ltd Q1FY26 net loss narrows 63.4% YoY to ₹128.51 lakh
CMI Ltd reported a net loss of ₹128.51 lakh for the quarter ended June 30, 2025, narrowing from ₹351.66 lakh a year earlier. Revenue from operations fell to ₹1,380.25 lakh in Q1FY26 from ₹1,561.22 lakh in Q1FY25. Total expenses declined to ₹1,526.89 lakh from ₹1,931.66 lakh, helping offset the drop in revenue. The company remains under a Corporate Insolvency Resolution Process (CIRP), with the board’s powers suspended and auditors flagging limits in verifying certain balances and records.
1 دن پہلے