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US takes India to WTO on solar energy WASHINGTON: The United States said Monday it was taking India to the WTO to open up its solar industry, raising a new dispute weeks after a bitter feud over a diplomat's arrest.The United States asked for talks under the World Trade Organization to change India's requirements for the use of domestic content as part of the energy-hungry country's ambitious plan to boost solar power."This kind of discrimination is against WTO rules and we are determined to stand up for US workers and businesses," US Trade Representative Michael Froman told reporters.Froman insisted that the action was consistent with calls by President Barack Obama's administration to work with India on renewable energy. The world's two largest democracies have both identified climate change as a major area for cooperation."Domestic content requirements detract from successful cooperation on clean energy and actually impede India's deployment of solar energy by raising the cost," Froman said.Under the ...

Brent oil down $1, heating oil, increased supply weighs NEW YORK: Brent oil fell by nearly $1 per barrel on Monday, pressured by sinking heating oil prices as the market looked toward the end of a long and frigid winter and as supplies increased from Libya and the North Sea.Investors also awaited direction from the new head of the U.S. Federal Reserve on the course of the central bank's monetary policy.Intense and relentless cold has propped up oil prices as demand for heating fuels ...
Brent oil rises, US jobs, gasoline futures support NEW YORK: Brent crude oil rose by more than $1 to a one-week high on Friday on tighter North Sea supplies and rising heating oil and gasoline prices, which were supported by continued cold and a decline in the US jobless rate. US oil also rose, but by less, pressured by the onset of US refinery maintenance season that will curb demand for crude oil. Persistently cold weather across the United States continued to fuel ...
US natural gas futures fall; cash rockets to record NEW YORK: US natural gas futures fell sharply Wednesday due to longer term mild weather forecasts, while next-day prices spiked to record highs on anticipation for immediate cold.Temperatures are expected to be as much as 15 degrees Fahrenheit below normal across the center of the country for the next five days, promising to deplete already strained supplies, and disconnecting cash prices from futures prices.Gas futures rose 5 percent earlier in the session to a fresh ...
US propane stocks fell last week, Midwest stocks up: EIA NEW YORK: Propane inventories in the United States fell 830,000 barrels to 30.8 million barrels last week, according to data released by the US Energy Information Administration (EIA) on Wednesday, and stocks of the heating fuel rose in the Midwest. The unusual winter build in inventories in the Midwest occurred after cold weather, tight supplies and distribution problems sent spot prices soaring to a record high near $5 a gallon last month. Midwest stockpiles rose ...
US natural gas futures fall NEW YORK: US natural gas futures fell more than 3 percent by Wednesday afternoon, pressured by moderating forecasts after five weeks of frigid weather and snowstorms across the United States sharply boosted prices.Gas futures rose 5 percent earlier in the session to a fresh 4-year high extending the previous session's rally that saw a 10 percent rise, supported, in part, by sky-rocketing cash prices.By mid-afternoon the rally in the futures market had cooled as traders ...
US natgas futures rise over 6pc NEW YORK: US natural gas futures for March climbed more than 6.5 percent on Tuesday as weather forecasts for the next 10 days turned colder, returning prices to the volatile patterns seen last week. MDA Weather Services on Tuesday forecast very cold weather in the US Northwest, Rockies and Plains over the next five days and strong cold in the Midwest to East over the next six to 10 days. In the 11- to 15-day ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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