Asian shares rise after Yellen stresses policy flexibility
Feb 25, 2015 at 06:45 | Source:
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...
Oil turns lower on expectations of crude oil inventory rise
Feb 25, 2015 at 02:45 | Source:
NEW YORK (Reuters) - Crude oil futures fell on Tuesday as expectations that this week's reports will show U.S. crude inventories rose again countered supportive news of Libyan oilfields being shut.Prices faltered after being lifted by news the Sarir ...
Bonds, global stocks rally, after Yellen emphasizes flexibility
Feb 25, 2015 at 01:45 | Source:
NEW YORK (Reuters) - U.S. equities rose and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said on Tuesday it would be several months before the Fed expects to boost interest rates, while European equity markets gained after Greece lo...
Dollar inches up on Yellen hopes, Greek breather
Feb 25, 2015 at 00:45 | Source:
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 ...
Budget 2015: Direct benefit transfer only way to cut govt's subsidy burden
Feb 24, 2015 at 18:55 | Source:
Subsidy is one expenditure that the governments in India find difficult to cut. It is understandable, considering 33 percent of the world's poor live in India.Prime Minister Narendra Modi has time and again said that his government is for the poor in...
Indonesia says executions won't be delayed despite mercy pleas
Feb 24, 2015 at 16:30 | Source:
Indonesia's president said on Tuesday the planned execution of 11 convicts on death row, most on drugs charges, would not be delayed, warning foreign countries not to intervene in his government's right to use capital punishment.President Joko Widodo...
Oil rigs fall idle after global crude prices fall
Feb 24, 2015 at 07:32 | Source:
With the halving of world oil prices since June last year, the oil industry as a whole has been hit - but those involved in the manufacturing and servicing of offshore oil rigs have been especially affected. Some industry analysts have said it is the...
Asia tentative, awaiting word on Fed rate outlook
Feb 24, 2015 at 07:15 | Source:
SYDNEY (Reuters) - Caution shrouded Asian markets on Tuesday as investors fretted over what Federal Reserve Chair Janet Yellen might say on the likely lift-off date for policy tightening later in the session.Moves were marginal at best and MSCI's bro...
Global stocks rise, safe-haven Swiss franc falls on Greek deal
Feb 24, 2015 at 01:45 | Source:
LONDON (Reuters) - Shares rose and the safe-haven Swiss franc fell against the euro on Monday after Greece reached a conditional deal with its international partners to avert an immediate financial crisis.Yields on low-rated euro zone government bond...
Oil down on high supply worry, but quick "buying on dips"
Feb 24, 2015 at 00:30 | Source:
NEW YORK (Reuters) - Oil prices were down on Monday on worries of oversupply and a strong dollar, but bets the market had hit bottom after a seven-month selloff limited the downside, traders said.The weekly decline in the number of U.S. rigs drilling...
Say no to radical reforms: Why Modi must ignore his cheerleaders
Feb 23, 2015 at 18:27 | Source:
'Push for aggressive reforms, the incrementalist mindset wont do. This Budget is the best opportunity you have. There is still some positive vibe for the government in the air; six months or thereabouts on it will vanish. So get cracking this session...
Budget 2015: Five things you can expect and not from FM Jaitley
Feb 23, 2015 at 17:51 | Source:
The Union Budget does tend to be a lengthy affair by tradition. The speech goes into 40 odd pages with several paragraphs on achievements of the government followed by specific allocations for various sectors, especially the socially relevant ones ev...
Even if Budget 2015 is a good one, markets will struggle in the short term
Feb 23, 2015 at 12:37 | Source:
Equity benchmarks have had a fantastic pre-Budget rally - nearly 3,000 points from the lows of mid-December - though the market knows the limitations of the Budget in fixing big problems of the economy.The Budget is usually seen as the centrepiece of...
Budget 2015 and markets: Banking, financial cos, infra to outperform
Feb 23, 2015 at 12:33 | Source:
By Anshu KapoorThis years budget to be presented by the Finance Ministe Arun Jaitley shall be the first full year budget presented by this government. The vibrant new government of Prime Minsiter Narendra Modi has a lot of expectations riding on it a...
Stock market to remain volatile ahead of F&O expiry, Budget 2015
Feb 23, 2015 at 11:37 | Source:
Stock market is expected to remain volatile during the week due to key events such as presentation of economic survey and General Budget, and expiry of derivative contracts, say experts.The pre-budget expectations will start building up and correspon...