Oil prices rose by more than $1 a barrel on Thursday, after falling for two consecutive sessions, on the prospect of supplies given the OPEC+ producer alliance is widely expected to stay the course on its current production cuts. Brent crude futures for May were up $1.30, or 1.5%, at $87.39 a barrel at 1:28 p.m. EDT (1728 GMT). The more actively traded June contract rose $1.22, or 1.4%,.
Open FlipCanara Bank plans to sell off 13 percent equity shares in Canara Robeco Asset Management Company (CRAMC) by taking the mutual fund subsidiary public. The public sector lender in a filing to exchanges said it has given the approval to kick off the process for diluting 13 percent stake through an initial public offering (IPO). The proposed IPO, however, remains subject to approval from the RBI.
Open FlipA gauge of global share markets was barely changed on Thursday as it was poised to end the quarter with solid gains, while a strong dollar kept the yen near its weakest in decades amid the threat of intervention from Japanese authorities. Wall Street's main stock indexes finished the session with minimal changes as markets broadly were largely rangebound ahead of Friday's much-anticipated U.S.
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