IMF reveals 2021 forecasts for oil prices and the Middle East economy

IMF reveals 2021 forecasts for oil prices and the Middle East economy

The International Monetary Fund downgraded its outlook for Middle East and Central Asian economic recovery, predicting a 4.1% contraction for the region as a whole. The fund does not see oil staging a dramatic recovery next year, forecasting prices in the …
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Sensex settles 449 points higher at 40432; Nifty ends above 11850

NEW DELHI: Equity indices finished higher on Monday with the benchmark BSE sensex rising nearly 450 points led by gains in banking stocks amid positive global cues. The 30-share BSE index surged 449 points or 1.12 per cent to close at 40,432; while the …
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Workers' comp insurance questions for small business owners

For those looking to start a small business, purchasing workers’ compensation coverage is likely on the to-do list. While this type of insurance is required by almost all States (with a few notable exceptions), there’s no one-size-fits-all solution, leading some …
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Hyundai Motor, Kia to Take $2.9 Billion Hit on Engine Problems

South Korea’s two biggest automakers are taking a 3.36 trillion won ($2.9 billion) earnings hit because of costs related to a 2019 settlement of a U.S. class-action lawsuit linked to alleged engine defects. Hyundai Motor Co. is setting aside 2.1 trillion won and …
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Oil falls as demand concerns loom and Europe enters new lockdowns

LONDON (Reuters) – Oil prices fell on Monday as concerns over surging coronavirus cases globally dampened the prospects for demand recovery while China’s third-quarter economic growth was weaker than expected. FILE PHOTO: The sun is seen behind …
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