Oil prices inch higher on output cut support, but US virus spike caps gains

Oil prices inch higher on output cut support, but US virus spike caps gains


Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel demand.


US West Texas Intermediate (WTI) crude futures climbed 13 cents, or 0.3%, to $40.76 a barrel at 0103 GMT, recouping a 2 cent loss from Monday.



Brent crude futures rose 7 cents, or 0.2%, to $43.17, adding to a 0.7% gain on Monday.


The market is still being supported by a bigger-than-expected drawdown in U.S. crude stockpiles reported last week and by record supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and allies, together known as OPEC+, AxiCorp strategist Stephen Innes said.


However, traders are also closely watching prospects for U.S. fuel demand, with 16 states reporting record increases in new cases of COVID-19

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Wix Launches New Editor X Site Tool %%sep%% %%sitename%%

Wix Launches New Editor X Site Tool %%sep%% %%sitename%%

Wix.com, a leading website creator, has launched a new innovative website creation platform, Editor X.

Editor X is designed to empower web designers, professionals, and agencies to create exceptional websites. The product was previously available as a closed beta program and is now available to the public.



Wix Introduces Editor X for Enhanced Website Editing

Editor X features advanced design capabilities, approachable CSS technology, and full development capabilities with Corvid by Wix. Editor X users can take advantage of Wix’s comprehensive suite of business solutions.

Every Small Businesses Needs a Website

In February 2020, before the implications of the Covid-19 pandemic and the subsequent lockdown really got going, it was reported that 29% of small businesses planned to start a website in 2020.

In the wake of lockdown, which saw much of the world going online to work, communicate, shop, and more, the need for small businesses to

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No-permission, no-takeoff policy: First drone after 2018 norms takes off

No-permission, no-takeoff policy: First drone after 2018 norms takes off


Pune-based Quidich Innovation Labs, along with Asteria Aerospace, completed the first ‘no-permission, no-takeoff’ or NPNT-compliant drone flight in Tumakuru, marking the first such operation since the drone regulations policy came into effect in December 2018.


“Curbs on the flying of drones without permission is the essential reason behind the compliance mechanism being put in place,” said Neel Mehta, co-founder and director of Bengaluru-headquartered Asteria Aerospace.


“Use cases for drones are immense — industrial inspections, geospatial surveys, agricultural surveys, general surveillance and security (in the green zones) — but discharge of material, or package delivery via drones are not permitted yet.”


“This milestone sets the stage for seamless, compliant drone operations throughout the country. However, more green zones have to be notified by the MCA for the country to harness the full potential of Unmanned Aerial Vehicles (UAVs),” he added.


The

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Stocks to watch: HDFC Bank, Bajaj Auto, ICICI Bank, Marico, Sobha, NFL, NLC

Stocks to watch: HDFC Bank, Bajaj Auto, ICICI Bank, Marico, Sobha, NFL, NLC


At 08:43 am, Nifty futures on the Singapore Exchange (SGX) were trading 121 points or over 1 per cent higher at 10,688.80, indicating a positive start for the Indian market on Monday.


Here’s a look at the top stocks that may remain in focus today –



HDFC Bank: The bank’s advances expanded by 21 per cent year on year to approximately Rs 1,004,500 crore, as of June 30. The outstanding loans stood at Rs 829,700 crore as of June 30, 2019, and Rs 993,700 crore as of March 31, 2020. READ MORE


Bajaj Auto: Workers at Bajaj Auto, India’s biggest exporter of motorbikes, are demanding the temporary closure of one of its plants after 250 employees there tested positive for coronavirus, its unions said on Saturday, as companies struggle to ramp up operations.


ICICI Bank: ICICI

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Vegetable prices rise up to 200%; trade blame crop damage and fuel price

Vegetable prices rise up to 200%; trade blame crop damage and fuel price


The prices of food items, including vegetables, have started to skyrocket even as the crisis shows no sign of abating. The prices of vegetables, in particular, have increased quite significantly with retail prices of almost all kinds rising from 25 per cent to 200 per cent.


The most significant rise has been registered in the price of tomato. Vegetable traders say prices have risen due to crop failure during the rainy season.



Adil Ahmad Khan, chairman of Delhi’s  Azadpur Agricultural Produce Marketing Committee (APMC), told IANS that prices of most green vegetables have registered an increase in the past one month, due to reduced arrivals during the rainy season. According to Khan, another reason for rise in prices of vegetables is due to increased diesel price. “Vegetable traders point out that the cost of transportation of vegetables has increased due

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ADP Small Business Report for June 2020 – Nearly a Million Jobs Added %%sep%% %%sitename%%

ADP Small Business Report for June 2020 – Nearly a Million Jobs Added %%sep%% %%sitename%%

The latest jobs figures show small business in America bouncing back from the COVID-19 pandemic.

According to the June 2020 ADP Small Business Report, small businesses added 937,000 jobs to the American economy from May to June.

This is certainly good news for small business across the country. And it’s a stark contrast to this same report just 2 months ago.

Back in April, this same report showed small businesses cutting more than 6 million jobs.



ADP Small Business Report, June 2020 – 937,000 Jobs Added

The ADP Small Business Report tracks employment figures for private sector businesses with 49 or less employees.

In the June report, the most jobs gains came from the smallest businesses, those with 19 or less employees. Those companies added 574,000 jobs from May to June. Companies with slightly more employees added 363,000 jobs in that time.

Service Businesses Lead the Way

The

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