Aug 27, 2015 at 20:53 | Source: CNBC
Dow futures dipped to trade about 120 to 150 points higher before the second estimate of second-quarter GDP came in at 3.7 percent, topping the first read of an annualized 2.3 percent.
Aug 27, 2015 at 18:04 | Source: PTI
IOC, the nation's biggest oil firm, spent Rs 1.65 lakh crore on import of 43.9 million tons of crude oil in 2014-15. Ashok said oil purchases make up for nearly 92 per cent of IOC's overall costs and the company is "taking a number of steps to reduce the cost of crude-sourcing".
Aug 27, 2015 at 13:26 | Source: Reuters
The benchmark Shanghai Composite Index was up 1.55 percent by midday partly as a strong rebound on Wall Street helped calm global markets after days of wild volatility.
Aug 27, 2015 at 09:22 | Source: Reuters
China's economic slowdown, which recently sparked a global stock market selloff, has increased the odds any rebound in Japanese growth in July-September will be modest.
Aug 26, 2015 at 21:27 | Source: CNBC
A voting member of the Federal Open Market Committee, Dudley addressed the Fed's potential tighteningespecially considering the recent collapse in US equities and international financial turmoil - in a Wednesday press briefing.
Aug 26, 2015 at 17:05 | Source: Reuters
Global stocks have lost more than USD 5 trillion since China unexpectedly devalued its currency on Aug. 11, but a short-lived recovery on Tuesday, following the cut in interest rates and bank reserve requirements, had pushed gold down 1.2 percent.
Aug 26, 2015 at 11:44 | Source: Reuters
But China's move appears to have only boosted equities temporarily, with US stock futures resuming their descent and Asian shares slightly lower.
Aug 25, 2015 at 20:28 | Source: Reuters
Just two weeks ago, Atlanta Fed President Dennis Lockhart told reporters he was "very disposed" to a rate hike in September.
Aug 25, 2015 at 15:32 | Source: Reuters
Some Asian stocks recovered in tandem with US futures even as Chinese shares tanked further. The dollar gained versus a basket of currencies after falling the most since 2011.
Aug 25, 2015 at 15:05 | Source: Reuters
European equity markets recovered on Tuesday but Chinese stock markets closed down more than 7 percent, with panic selling intensifying after the flagship Shanghai Composite Index crashed through key support at 3,000 points.