Author: FinSiddhi

Business News

Citi sees brent crude sliding to $60/bbl as supply fears ease

FinSiddhi

Geopolitical tensions easing around the Strait of Hormuz are expected to drive Brent crude prices down to $60 a barrel by year-end, according to Citi. Global energy markets are normalizing, with shipping resuming and Gulf producers increasing output. Despite this, Chinese buyers remain absent, and inventories are lower than anticipated, suggesting a potentially uneven recovery….

Business News

Sumitomo Chemical shares soar 11%, record biggest single-day surge in nearly 2 years. Here’s why

FinSiddhi

Sumitomo Chemical India shares surged around 11% as heavy volumes and a major development at its Japanese parent’s Korean subsidiary lifted sentiment. Dongwoo Fine-Chem’s joint venture with Samsung Electro-Mechanics for glass core substrates boosted optimism around next-generation semiconductor packaging demand. The stock hit a fresh high amid strong trading activity.