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Oil slides in thin trade on rising U.S. rig count| Reuters

Jul 03, 2015 at 23:30 | Source: FirstPost

Oil prices dropped on Friday as a rising U.S. rig count stoked more concern about global oversupply while the opening of an investigation by Chinese regulators into suspected stock market manipulation further unsettled the market.A sharp move lower i...

Asia shares subdued as US data disappoints, fret over Greece, China| Reuters

Jul 03, 2015 at 06:45 | Source: FirstPost

TOKYO Asian stocks were little changed on Friday, with investors reluctant to stake out fresh positions after disappointing U.S. employment data and cautious ahead of Greece's weekend referendum which may decide its future in Europe.China's increasin...

Asia stocks rise for third day though Greece, China concerns weigh| Reuters

Jul 03, 2015 at 02:30 | Source: FirstPost

HONG KONG Asian stocks rose for a third consecutive day on Thursday though widening cracks in Chinese stocks and Greece's standoff with its creditors capped gains while the dollar was bolstered by upbeat U.S. economic data. Stocks in Shanghai slip...

Oil flat as U.S. rig count rise cools gains, gasoline jumps| Reuters

Jul 03, 2015 at 01:45 | Source: FirstPost

NEW YORK Crude oil prices ended little changed on Thursday as the first weekly gain in the U.S. rig count this year pared earlier gains.Pulling crude futures off highs was the latest data on the U.S. oil rig count from Baker Hughes. The firm said the...

Oil up as U.S. data cools rate hike views; gasoline jumps| Reuters

Jul 03, 2015 at 00:30 | Source: FirstPost

NEW YORK Oil prices rose slightly on Thursday after tame U.S. jobs and economic data signalled the Federal Reserve might be less hasty to raise interest rates and as a surge in gasoline futures drove expectations for more crude demand.But with the Gr...

Thousands evacuated after freight train derails, catches fire, in Tennessee| Reuters

Jul 02, 2015 at 23:16 | Source: FirstPost

A freight train carrying flammable and toxic gas derailed and a car caught fire in Tennessee, forcing the evacuation of thousands of people on Thursday, while 10 officers were hospitalized after breathing in fumes, officials said.More than 5,000 peop...

Asia shares subdued by Greek anxiety, dollar stands tall| Reuters

Jul 02, 2015 at 06:45 | Source: FirstPost

TOKYO Asian stocks were subdued on Thursday as Greece's refusal to back down in a standoff with its creditors kept most markets on edge, while the dollar got a boost from upbeat U.S. economic indicators. MSCI's broadest index of Asia-Pacific shares...

Global stocks rally on hopes for Greek deal, dollar gains| Reuters

Jul 01, 2015 at 23:45 | Source: FirstPost

NEW YORK Global equity markets jumped and safe-haven bonds fell on Wednesday after Greece's prime minister signaled he was prepared to accept the bulk of a bailout offer, while stronger-than-expected data on private U.S. jobs growth bolstered the dol...

Oil slides after U.S. stockpile build; Greece, Iran in focus| Reuters

Jul 01, 2015 at 23:15 | Source: FirstPost

NEW YORK Oil prices slumped on Wednesday, with U.S. crude headed for its sharpest daily loss since late May, after the first rise in crude stockpiles in the United States in more than two months.The dollar's rally on Greece's debt default, Iran's ren...

Sensex crosses 28000: 4 reasons why investors are buying despite

Jul 01, 2015 at 12:44 | Source: FirstPost

Even as the Greece debt crisis continue to create havoc in European markets, Indian equities are continuing their uptick today.The key benchmark Sensex opened on a firm note and raced past the crucial 28,000 mark.At 10.50 am, the 30-share BSE S&a...

Sensex crosses 28,000: 4 reasons why investors are buying despite Greek default

Jul 01, 2015 at 11:31 | Source: FirstPost

Even as the Greece debt crisis continue to create havoc in European markets, Indian equities are continuing their uptick today.The key benchmark Sensex opened on a firm note and raced past the crucial 28,000 mark.At 10.50 am, the 30-share BSE S&a...

Euro burdened by Greece, uncertainty high| Reuters

Jul 01, 2015 at 05:45 | Source: FirstPost

SYDNEY The euro remained on the defensive in Asia on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action in markets.Still, it surprised no one when the Internati...

India asks refiners to buy dollars, euros to settle Iran oil dues| Reuters

Jul 01, 2015 at 01:45 | Source: FirstPost

NEW DELHI India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.Local refiners still owe Ira...

Oil prices seen steady despite Greek crisis, Iran| Reuters

Jul 01, 2015 at 01:30 | Source: FirstPost

REUTERS - Oil prices are likely to be stable for the rest of this year and climb in 2016 and 2017 as global demand picks up, shrugging off setbacks from the Greek debt crisis and the possible lifting of sanctions on Iran, a Reuters poll forecast on T...

OPEC oil output hits 3-year high in June on Iraq - Reuters survey| Reuters

Jul 01, 2015 at 01:15 | Source: FirstPost

LONDON OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share.The boost from the Organization...

U.S. stocks bounce, euro falls as Greek deadline looms| Reuters

Jul 01, 2015 at 00:15 | Source: FirstPost

NEW YORK Stocks on Wall Street rose in choppy trade on Tuesday and a global equities gauge ticked up, while the euro remained under pressure as Greece grappled with a looming deadline on a debt payment to the IMF.Greece submitted a new two-year aid p...

Greece crisis is not a major worry now but it reminds India story should be domestic-driven

Jun 30, 2015 at 09:07 | Source: FirstPost

Most economists expect that there isnt any immediate concern for India on account of current developments in Greece, where that country is on the verge of defaulting to global creditors, but warn contagion of the crisis to rest of the European region...

U.S. stock futures up, euro sags as markets eye Greece| Reuters

Jun 30, 2015 at 05:45 | Source: FirstPost

TOKYO U.S. stock futures edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a debt payment due later in the session, raising the likelihood of the cash-strapped nation's exit from the euro zone.Greec...

Reliance Industries plans to shut CDU at Jamnagar refinery in July| Reuters

Jun 30, 2015 at 02:30 | Source: FirstPost

NEW DELHI Reliance Industries Ltd(RELI.NS) plans to shut a crude distillation unit (CDU) for a 10-day planned maintenance in the first half of July, it said in a statement on Monday, halving crude processing at its 580,000 barrels per day (bpd) refin...

European banks, bonds shaken by Greek turmoil| Reuters

Jun 30, 2015 at 02:15 | Source: FirstPost

LONDON European bank stocks and borrowing costs for Italy, Spain and Portugal bore the brunt on Monday of financial markets' fright at the growing risk that Greece will leave the euro. The worst fall in shares for six months and a 30 basis point rise...

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