New Delhi, April 7 (IANS) Global crude oil prices on Tuesday hit new highs, jumping more than 3 per cent amid geopolitical tensions and US President Donald Trump’s Tuesday deadline to reopen the Strait of Hormuz to Iran.Brent crude futures advanced as much as 1.69 per cent, or $1.86, to $111.63, an intraday high as of 9:57 am. The US West Texas Intermediate crude futures increased more than 3 per cent or $4.15 to $116.56.Brent crude has witnessed a gain of over 60 per cent since the conflict b…
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Seoul, March 25 (IANS) The South Korean won rose further against the US dollar on Wednesday as US President Donald Trump continued to signal the possibility of a swift end to the ongoing Middle East conflict.The won opened at 1,493 per dollar, up 2.2 won from the previous session, reports Yonhap news agency.The currency had surged to 1,495.2 won per dollar Tuesday, recovering from a 17-year low of 1,517.3 won in the previous session after Trump said that he had ordered a five-day postponement of…
New Delhi, Feb 4 (IANS) Billionaire investor Mark Mobius said on Wednesday that India’s recent trade engagement with the European Union played a key role in pushing the United States to speed up its own deal with India. While he believes friendly ties between Prime Minister Narendra Modi and US President Donald Trump helped, Mobius made it clear that the agreement was mainly shaped by negotiators from both sides.In an interaction with IANS, Mobius said the India-US trade deal should not be des…