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TOKYO: Oil prices slid more than 1 per cent on Tuesday, extending losses that began last week, as expectations that OPEC would agree to raise oil supply in a meeting this week added to pressure and worries over slowing demand in China dampened sentiment. Brent crude dropped 70 cents, or 1.1 per cent, to $62.99 a barrel by 0457 GMT, after losing 1.1 per cent the previous day. U.S. West Texas Intermediate (WTI) crude fell 71 cents, or 1.2 per cent, to $59.93 a barrel, having lost 1.4 per cent on Monday. They both touched the lowest in more than one week. Expectations that the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, would boost oil output from April are pushing prices lower, said Satoru Yoshida, a commodity analyst with Rakuten Securities. "Concerns over an increase in OPEC+ supply and an end of Saudi Arabia 's voluntary cut of 1 million barrels per day (bpd) this month weighed on oil prices," he said. The group meets ... » Learn More about Oil slides 1% on fears over higher OPEC supply, slower China demand

An agreement between India and Pakistan, however tenuous, has its own meaning and impact. IMAGE: Indians soldiers at the Line of Control, the border separating India and Pakistan. Photograph: PTI Photo Winds of change have begun to blow in different parts of the world in the end of February 2021, with some potential for major changes in the future. Chinese troops have agreed to mutual withdrawal in the Pangong sector in Ladakh without any particular gain. President Joe Biden launched his first attack abroad, against Iranian supported areas in Syria, justifying it as a warning to Iran. In a delicate balancing act, he has imposed sanctions on certain individuals in Saudi Arabia for the gruesome murder of Jamal Khashoggi , without personally hurting the mastermind. And, surprises of surprises, India and Pakistan have pledged to honour the 2003 cease fire agreement without any apparent provocation. It looked more like formalising a de facto situation as the ... » Learn More about Silent guns on LoC raise hopes of peace

For Quick Alerts Subscribe Now Rahul Gandhi terms grandmother Indira Gandhi's 'emergency a mistake' View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Cyber Attack How a warning about ShadowPad, Red Echo saved the national power grid from being hacked #Cyber Attack India is second biggest target of cyber criminals in Asia Pacific: Report #Cyber Attack Agencies continue to thwart China cyber attacks on India #Cyber Attack India faced three times the cyber attack than the global average #Cyber Attack Jitendra Singh says, Kundankulam nuclear power plant cyber attack an error #Cyber Attack Government new snoop on computers order challenged in SC Just In 1 hr ago Manipur’s news website becomes first target of new rules on digital media, later withdrawn 1 hr ago TMC writes to EC over PM Modi’s photo on Covid-19 vaccination doc ... » Learn More about On cyber attack on India, US says cannot allow China to dominate

The new US President Joe Biden may soon rule on the designation of Yemen's Houthi group as a "foreign terrorist organization", a decree his predecessor Donald Trump made. Experts and analysts say this move would complicate the United Nations-brokered peace plan and international aid efforts in the impoverished Arab country. The former US secretary of state Mike Pompeo said the "terrorist designation of Houthis" in Yemen acknowledges its "terrorist activity" and seeks to deter further "malign activity". Pompeo declared the Houthis a "foreign terrorist organization" on Jan 10. He said he also intended to designate three leaders of the Iran-backed group as "specially designated global terrorists". These designations took effect on Tuesday, one day before Biden took office, with the Houthis warning they would respond to any action against them. Following the ruling, for fear of being involved in supporting a "terrorist" group, humanitarian organizations and commercial companies ... » Learn More about Biden may rescind terrorist label on Houthis

Editor's note: Maitreya Bhakal is an Indian commentator who writes about China, India, US and global issues. The article reflects the author's opinions and not necessarily the views of CGTN. The West sees itself as rich and numero uno. If other nations wish to live long and prosper, they must become obedient to the US This takes myriad forms – ranging from oil suppliers like Saudi Arabia to permanent aircraft carriers like Japan. China refuses to be subservient. So the US seeks to dominate it. Propaganda remains a key vector in its strategy of hybrid war. Every Chinese misfortune is celebrated, every failure criticized disproportionately and every success downplayed. When China recently announced the eradication of absolute poverty, the propaganda machine swung into action. The anti-China propaganda showed signs of the standard five stages of grief: Denial, anger, bargaining, depression and acceptance. Denial and anger The first step, as with any success in China, was to ... » Learn More about Western media’s five stages of grief at China’s poverty eradication success

Investment in market leaders with a safety-first approach could yield reasonable returns across sectors. Photograph: Adnan Abidi/Reuters A sharp recovery, after the fall in March, helped benchmark indices post their second consecutive double-digit growth of 15 per cent in 2020. While defensives such as health care and information technology sectors dominated the returns charts, growth became more broad-based towards the second half with cyclicals, too, catching investor attention. It was not just growth across sectors but down the market capitalisation ladder as well. After their underperformance over the past couple of years, small and mid cap indices did better than the benchmarks with returns over 20 per cent for the year. Going ahead, the Street expects strong economic recovery, which is expected to rub off on earnings growth. In addition to a positive outlook on IT and pharma, analysts expect cyclicals and infrastructure sectors to do well as the ... » Learn More about 10 large caps for good returns in 2021