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Crude Oil Price Posts Biggest Weekly Gain In 8-months et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 24, 2018 10:23 AM 1 min read
Editorial

End of Day Wrap-up (Saturday / March 24, 2018) #Facebook #ED #NiravModi #PNBscam #Flipkart #Google #GoogleTez #PhonePe #crudeoil #Transfin

Editor's comment: ED and CBI raid Nirav Modi's Mumbai home as part of ongoing probe. Agencies have attached INR7,638cr of immovable properties owned by Nirav Modi and Mehul Choksi to date.

 


As #DeleteFacebook movement catches steam, Mozilla, Commerzbank, Sonos ceases ad campaigns on Facebook, Tesla, SpaceX deletes Facebook account.

 

Tata Steel kicks-off upfront cas recovery to creditors of Bhushan Steel. Lenders to receive amounts due suffering cumulative haircut of 27%.

 

Flipkart pumps INR500cr into payments app PhonePe as the latter competes with WhatsApp and Google Tez.

 

House Committee on Energy and Commerce formally asks Mark Zuckerberg to testify in Congress.

 

Crude Oil price posts biggest weekly gain in 8 months amidst rising geopolitical risk in the Middle East. Brent crude gains 6.6% and WTI rises by 5.7%, reaching their highest levels on Friday. Fears of US withdrawal from Iran Nuclear Deal and rising tensions between Saudi Arabia and Iran likely driver.