Oil hits $70 on Monday in face of escalating US-Iran tensions

Abu Dhabi: Oil prices hit as high as $70 on Monday with markets watching closely on any potential fallouts that could disrupt oil supplies as a result of escalating US-Iran tensions. Prices did recede as the day went on with Brent crude trading at $69.45 and West Texas Intermediate (WTI) on $63.70 by 5pm UAE […]

India services index surges to five-month high on strong demand

India’s main services index rose to the highest level in five months in December as improving new work orders helped boost activity in the country’s dominant sector. The seasonally adjusted Markit India Services PMI index climbed to 53.3 from 52.7 in November, suggesting a strong end to the calendar year. The level was the highest […]