Is your prediction game💪strong? Play & earn Amazon vouchers worth ₹2000🤩
Sat, Jun 25, 2022 10:30 PM

Is your prediction game💪strong? Play & earn Amazon vouchers worth ₹2000🤩

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Oil prices decline today amid China unrest

Oil prices decline today amid China unrest

Oil prices declined today as unrest in China hurt risk appetite and the demand outlook. West Texas Intermediate was available around $76 a barrel following three weeks of declines. The market’s key metrics are indicating weaker conditions, with Brent and WTI’s prompt spreads (the difference between the nearest two contracts) both trading in a bearish contango pattern.

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Medley-Cipla deal cancelled over valuation issues

Medley-Cipla deal cancelled over valuation issues

Medley Pharmaceuticals cancelled its sale deal with Cipla after a valuation mismatch and differences over some agreement terms. This is the second pharma merger and acquisition deal that was cancelled or postponed recently due to market volatility and valuation mismatch. Aurobindo Pharma had also called off the demerger and sale of its injectables unit-- Eugia Pharma Specialities to Blackstone.

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UK to unveil a fresh billion-pound home insulation programme

UK to unveil a fresh billion-pound home insulation programme

Britain's govt looking forward to launch 1 billion pounds ($1.2 billion) of public funding available for home insulation projects in early 2023. It will widen access to assistance that was previously only available to poorer households. The upcoming scheme would go on from early 2023 until March 2026 and would help attain a recent target to reduce energy consumption by 15% by 2030.

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