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U.S. stocks retreat from record highs, dollar dips

Mar 04, 2015 at 03:30 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks followed other equities markets lower on Tuesday, with major indexes pulling back from record highs as soft auto sales raised doubts about the U.S. economy, while the dollar fell from an 11-year peak versus a basket o...

Gold under pressure as dollar firm despite weak data

Mar 03, 2015 at 06:30 | Source: FirstPost

MANILA (Reuters) - Gold was steady above $1,200 an ounce on Tuesday after falling off a two-week peak the session before, struggling to push higher as the dollar hovered near an 11-year high.The greenback, bolstered by expectations that the U.S. Fede...

Global investors lift exposure to stocks as major markets touch record highs

Feb 27, 2015 at 22:34 | Source: FirstPost

LONDON (Reuters) - Global investors increased their bets on stocks during February as major equity markets broke through all-time highs, fuelled by the promise of more monetary stimulus, Reuters' monthly asset allocation poll showed.As around 20 cent...

US growth revised down to 2.2%

Feb 27, 2015 at 20:37 | Source: BBC

The slowdown in the US economy at the end of last year was more pronounced than previously thought, official figures have shown. The world's largest economy grew at an annual pace of 2.2% between October and December, against a previous estimate...

World stocks near all-time highs after Fed signals

Feb 26, 2015 at 02:30 | Source: FirstPost

LONDON (Reuters) - World stocks were within touching distance of an all-time high on Wednesday as investors cheered signals from Federal Reserve Chair Janet Yellen that the U.S. central bank would not rush into raising interest rates.Markets, still o...

Asian shares rise after Yellen stresses policy flexibility

Feb 25, 2015 at 06:45 | Source: FirstPost

TOKYO (Reuters) - Asian stocks rose on Wednesday thanks to gains on Wall Street after Federal Reserve Chair Janet Yellen suggested the Fed would not rush into raising interest rates, a reassuring signal for investors worried about a deteriorating glo...

Dollar inches up on Yellen hopes, Greek breather

Feb 25, 2015 at 00:45 | Source: FirstPost

LONDON (Reuters) - World shares held near record highs on Tuesday after Greece produced a list of proposed economic reforms, and the dollar rose on expectations Federal Reserve chair Janet Yellen would signal the Fed was still moving towards raising ...

Fed's Yellen flags rate hikes on "meeting-by-meeting" basis

Feb 24, 2015 at 23:15 | Source: FirstPost

WASHINGTON (Reuters) - The Federal Reserve is preparing to consider interest rate hikes "on a meeting-by-meeting basis," Fed Chair Janet Yellen told a congressional committee on Tuesday, a subtle shift of emphasis that helps lay the groundw...

Janet Yellen says Federal Reserve flexible on rate rise

Feb 24, 2015 at 22:06 | Source: BBC

Janet Yellen, in her semi-annual testimony in Congress, has said the Federal Reserve can be flexible in determining when to raise interest rates, which have been near zero since 2008. Ms Yellen said that while the US economy was improving, the US emp...

US housing market recovery 'faltering'

Feb 24, 2015 at 20:47 | Source: BBC

US house prices grew at twice the rate of inflation in 2014, according to the S P/Case Shiller housing survey, but it says the recovery is faltering . Price growth edged up slightly in December, with prices up 4.5% from a year earlier compared with a...

Walmart to raise wages for 500,000 US workers

Feb 20, 2015 at 01:32 | Source: BBC

US retail giant Walmart - the nation's largest private employer - has announced plans to raise wages for more than 500,000 hourly employees at its US stores. Walmart said that it would raise salaries for 40% of its staff, as well as increasing i...

US Federal Reserve 'unlikely' to raise rates soon

Feb 19, 2015 at 09:37 | Source: BBC

Officials at the Federal Reserve are unlikely to raise interest rates soon, the latest minutes from the bank's January meeting have revealed. Policymakers worried about lower-than-expected inflation as well as slow wage growth in the US economy,...

Hey #HypocriteIndia: Why no hashtag for brutal murder of Kerala guard?

Feb 18, 2015 at 08:34 | Source: FirstPost

If you are an Indian and have not been living under a rock for the past few days, chances are that you are familiar with - and outraged about - what happened to 57-year-old Sureshbhai Patel, who was left partially paralysed after he was slammed to th...

Gold gains for third session on weak dollar, Greek debt worries

Feb 16, 2015 at 23:45 | Source: FirstPost

LONDON (Reuters) - Gold rose for a third straight session on Monday, as the dollar weakened before a meeting of euro zone finance ministers on how to proceed with Greece's bailout programme. Spot gold rose 0.3 percent to $1,232.40 an ounce by 1244 GM...

Asian shares tread cautiously ahead of U.S. payrolls

Feb 07, 2015 at 03:15 | Source: FirstPost

TOKYO (Reuters) - Asian shares edged higher on Friday and oil prices continued to rebound, but investors remained wary ahead of the U.S. nonfarm payrolls report for January later in the session. MSCI's broadest index of Asia-Pacific shares outside...

US Federal Reserve remains 'patient' on interest rates

Feb 06, 2015 at 20:51 | Source: BBC

The US central bank has reiterated that it will remain patient in determining when to raise interest rates. The Federal Reserve has kept its target interest rate at 0% since late 2008. At the end of its two-day policy meeting in Washington, DC, the b...

US growth slows in fourth quarter

Feb 06, 2015 at 20:51 | Source: BBC

The world's largest economy expanded less than expected in the final three months of 2014 despite lower fuel prices boosting consumer confidence. The US posted annualised growth of 2.6% for the fourth quarter - lower than the 3% projected by eco...

Obama's $4 tn budget: More taxes on the wealthy, govt spending raised

Feb 03, 2015 at 14:51 | Source: FirstPost

Washington: President Barack Obama set up another clash with Republicans by sending Congress a $4 trillion budget that seeks to raise taxes on wealthier Americans and corporations and increase domestic spending.In a message accompanying the massive b...

Obama's $4 tn budget: More taxes on wealthy, govt spending raised

Feb 03, 2015 at 13:20 | Source: FirstPost

Washington: President Barack Obama set up another clash with Republicans by sending Congress a $4 trillion budget that seeks to raise taxes on wealthier Americans and corporations and increase domestic spending.In a message accompanying the massive b...

More taxes on wealthy while raising govt spending: Obama sends Congress $4 tn budget

Feb 03, 2015 at 08:35 | Source: FirstPost

Washington: President Barack Obama set up another clash with Republicans by sending Congress a $4 trillion budget that seeks to raise taxes on wealthier Americans and corporations and increase domestic spending.In a message accompanying the massive b...

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