Oil Prices Rise as Chances of OPEC Supply Boost Dim

Brent at highest since July 5 above 110bbl Equities rise, dollar weakens OPEC sources say steady production in focus LONDON, July 29 Reuters Oil prices rose in European trading on Friday as attention turned to next week39;s OPEC meeting and expectations that it will dash U.S. hopes for a supply boost. Brent crude futures for […]
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Too Early to Call Market Turn, Schroders CEO says

LONDON, July 28 Reuters It is too early to call an end to financial market falls driven by the Ukraine war, the chief executive of Schroders said on Thursday, as the British fund manager39;s shares hit sixweek highs on an uptick in assets under management. Asset managers have been suffering from a drop in markets following […]
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HeidelbergCement Lowers Profit Outlook on High Energy Costs

FRANKFURT, July 28 Reuters HeidelbergCement, the world39;s No.2 cement maker, on Thursday posted a 4.3 drop in secondquarter core profit, citing challenges ahead because of an unprecedented increase in energy prices. The results from current operations before depreciation and amortisation RCOBD were 1.13 billion euros 1.15 billion in the AprilJune period, the company said. The […]
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