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Earnings trigger Wall St selloff, data weighs further

Jan 28, 2015 at 00:15 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks tumbled on Tuesday, with Microsoft and Caterpillar shares down sharply after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment.Energy shares on the S&P 500 were looki...

Global stocks slip as anti-austerity party wins Greek election

Jan 26, 2015 at 09:45 | Source: FirstPost

TOKYO (Reuters) - The euro skidded to an 11-year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with internation...

State of the Union: Some new tunes, and greatest hits

Jan 21, 2015 at 12:21 | Source: BBC

For a president who only two months ago suffered a crushing defeat in the mid-term election, this was a State of the Union speech brimming with confidence, even defiance. He made the argument that the US economy was on the up. And now he wanted the w...

State of the Union: Obama to seek tax raises on wealthy

Jan 19, 2015 at 03:21 | Source: BBC

President Obama is to use Tuesday's State of the Union speech to call for tax increases on the wealthy to help the middle class, officials say. The proposals would raise $320 billion (£211 billion) over a decade, to fund benefits such as tax cr...

Shares in Japan reach a two-and-a-half month low

Jan 17, 2015 at 03:36 | Source: BBC

Shares in Japan fell to a two-and-a-half month low on Friday, following a fall in US stocks and the yen gaining strength against the dollar. In Tokyo, the benchmark Nikkei 225 traded down nearly 3% at one stage to 16,592.57 points, its lowest since 3...

US retail sales fell 0.9% in December

Jan 14, 2015 at 22:42 | Source: BBC

Retail sales in the US fell in December, according to the latest figures from the Commerce Department. Sales fell by 0.9%, which was the biggest monthly decline since January last year. The figures mean that in the past year, sales in the shops, stor...

Drop in budget deficit signals revival in US economy

Jan 14, 2015 at 13:21 | Source: FirstPost

Washington: Reflecting revival of the US economy, the country's budget deficit has dropped by $72 billion in 2014 than the previous year, according to a report. Capped off by a $2 billion surplus in December, the government ended the calendar year wi...

China's exports beat expectations with 9.7% rise

Jan 14, 2015 at 01:22 | Source: BBC

China's December trade figures have beaten expectations with exports up 9.7% and imports down 2.3% from a year earlier. The final numbers for the year mean exports rose 6.1% in 2014 compared with 2013, while imports rose 0.4%, state news agency ...

Record high for UK's creative industries

Jan 14, 2015 at 01:22 | Source: BBC

The UK's creative industries, which include IT, film and music, were worth a record £76.9bn to the UK economy in 2013, the government has said. New figures published by the Department for Culture, Media and Sport (DCMS) show an increase of 9.9%...

EU-US TTIP trade talks hit investor protection snag

Jan 14, 2015 at 01:22 | Source: BBC

EU-US talks aimed at clinching a comprehensive free trade deal have run up against huge scepticism in Europe, the European Commission says. The Commission has published the results of a public consultation on investor protection - one of the most con...

Mind the gap in multi-speed world economy after oil plunge

Jan 11, 2015 at 22:15 | Source: FirstPost

WASHINGTON/NEW DELHI (Reuters) - Robust recovery in the United States, a moribund euro zone and slowing Chinese growth reflect global splits which plunging oil prices are likely to widen.On the face of it, lower energy bills should give consumers and...

Wall St retreats after two-day advance; jobs data mixed

Jan 10, 2015 at 23:15 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks fell on Friday following a two-day rally as December's jobs report gave a mixed view of the economy, with financial shares leading the way lower. All three major indexes posted slight losses for the week and fell back...

France attack: Terror in Islam's name can make all societies less liberal

Jan 10, 2015 at 14:32 | Source: FirstPost

One of the depressing realities of the Paris terror killings by Islamic fanatics at satirical publication Charlie Hebdo is this: no matter what liberal societies do, the terrorist usually wins.At best, the state can strengthen surveillance and polici...

Charlie Hebdo attack: Terror in Islam's name will make all societies less liberal

Jan 10, 2015 at 09:49 | Source: FirstPost

One of the depressing realities of the Paris terror killings by Islamic fanatics at satirical publication Charlie Hebdo is this: no matter what liberal societies do, the terrorist usually wins.At best, the state can strengthen surveillance and polici...

US economy adds 252,000 jobs in December

Jan 10, 2015 at 00:27 | Source: BBC

The US economy added 252,000 jobs in December, while the unemployment rate fell to 5.6% from 5.8%, according to Labor Department figures. In addition, figures for the number of jobs created in October and November were both revised upwards. The joble...

Federal Reserve rate rise before April 'unlikely'

Jan 08, 2015 at 03:17 | Source: BBC

US Federal Reserve officials do not believe that they will raise the benchmark short-term federal funds interest rate before April, minutes released on Wednesday revealed. During the central bank's December meeting, the Fed officials said a rate...

US Federal Reserve 'patient' over rate rises

Jan 08, 2015 at 03:17 | Source: BBC

The US Federal Reserve has altered its tone on potential interest rate moves. Its statement, issued on Wednesday after the conclusion of a two-day meeting, said it would be patient in deciding when to raise interest rates. Previously the US central b...

Japan's Nikkei down after holiday break

Jan 05, 2015 at 08:56 | Source: BBC

Japan's main share index was lower in early trading on Monday, as Asia's markets reopened for the first full week in 2015. The benchmark Nikkei 225 was down 0.7% at 17,334 despite ending 2014 up 8%. Investors shrugged off data that showed J...

Reviving India's economy: 3 key developments to watch out for in 2015

Jan 01, 2015 at 09:25 | Source: FirstPost

2015 is going to be a crucial year for the Indian economy. Indians will bewatching whatNarendra Modi has up his sleeve to kickstart the investment cycle and revive the economy. However, here are three important events that willdrive the economy next ...

Analysis - After 2014's party, investors in U.S. stock market may face a hangover

Jan 01, 2015 at 02:30 | Source: FirstPost

REUTERS - Revelers ringing in of the new year this week need to watch out for the next day's hangover. And investors may experience a similar feeling early in 2015 after a two-year run that has propelled U.S. stocks up by nearly 50 percent.Headed int...

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