(Corrects volume to 2.1 million bpd, not 2.21 million, in paragraph 6)
MELBOURNE, April 28 (Reuters) - Oil prices dropped on Wednesday, paring overnight gains, with soaring COVID-19 cases in India and a bigger-than-expected build in U.S. crude stocks offsetting confidence shown by OPEC and its allies in a solid recovery in global fuel demand.
Brent crude futures fell 26 cents, or 0.4%, to $66.16 a barrel at 0205 GMT, paring a 1.2% gain from Tuesday.
U.S. West Texas Intermediate (WTI) crude futures fell 23 cents, or 0.4%, to $62.71 a barrel, after gaining 1.7% on Tuesday.
The American Petroleum Institute industry group reported crude stocks rose by 4.319 million barrels, according to two sources, which was a much bigger build than analysts in a Reuters poll had estimated.
3 Min Read
LONDON (Reuters) - The U.S. dollar edged higher on Wednesday as investors moved to the sidelines ahead of a U.S. Federal Reserve policy statement and a speech by Joe Biden later in the day where the U.S. president is set to announce more stimulus plans.
FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo
Though the greenback recovered from a one-month low hit earlier this week, investors expect the U.S. central bank to maintain its policy settings and Fed Chairman Jerome Powell is seen as likely to repeat his dovish message.
Global Spending on Advertising Expected to Surpass $630 Billion Dollars in 2024
Financialnewsmedia.com News Commentary
PALM BEACH, Fla., April 28, 2021 /PRNewswire/ Advertising and Branding agencies are part of that lucky group of business sectors that actually increased revenues
because of the Pandemic. People have had more free time to surf the net to buy things… to see things… to participate in things…all of which are advertised! eCommerce and eSports are some of the fastest growing beneficiaries. Growth will likely come as the proliferation of digital mediums, such as tablets and smartphones, provide new revenue streams and increased demand for digital advertising services. For example, many digital advertising tactics have yet to be fully used, such as mobile and location-based advertising. The accelerated adoption of e-commerce platforms and other online services catalyzed by the coronavirus pandemic is expected to have created a lasting higher level of demand for d
| 28 April 2021
The Conviva State of Streaming report for the first quarter of 2021 has shown solid year-on-year streaming growth in North America but massive surges in international markets as streaming viewing time grew 36% annually during the three-month period.
Specifically, the intelligence cloud for streaming media’s study revealed North America, streaming’s largest market, as seeing 18% annual growth in streaming viewing, overshadowed by South America (240%), Africa (149%) and Europe (122%).
Another key trend revealed was that consumers were flocking to connected TV devices, smart TVs and gaming consoles, with big screens commanding as a 73% share of Q1 streaming viewing globally.
And while streaming viewing was growing globally, Conviva discovered there was significant variation in the way consumers in different regions stream on big screens. For example, in Africa, where big screens represent 56% of all viewing time, CanalPlus set-top-box was the preferr
SOURCE / COMPANIES
By GT staff reporters Published: Apr 28, 2021 06:53 PM
A textile workshop in East China s Zhejiang Province Photo: VCG
Affected by the COVID-19 epidemic, many enterprises in India cannot guarantee normal delivery, including textiles, active pharmaceutical ingredients (API) and electronic devices. In order to ensure the supply of goods, European and American retailers have transferred many orders originally produced in India to China.
IHS Markit, a London-based global information provider, said in a research note on Wednesday that the prolonged COVID-19 surge has negatively affected India s economic outlook.
Electronic manufacturing, one of the pillar industries that contributed nearly 20 percent to India s GDP, is among the hard-hit list, according to statistics from National Investment Promotion & Facilitation Agency of India.