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Jet Airways' record profit on prudent cost cutting measures, not just benign oil

May 27, 2016 at 16:28 | Source: FirstPost

Benign jet fuel prices have helped Indian airlines, and how. Jet Airways, which added no new capacity in FY16, managed to post its first ever annual profit thanks to easy oil prices. But what has been remarkable in the Jet turnaround story is the fan...

Asia stocks edge up after upbeat U.S. data, dollar sags| Reuters

May 27, 2016 at 07:15 | Source: FirstPost

TOKYO Asian stocks pulled ahead on Friday after patches of U.S. data continued to paint the world's largest economy in a positive light, while the dollar was on the defensive against its major peers.MSCI's broadest index of Asia-Pacific shares outsid...

Dollar falls on durables data; global stocks steady| Reuters

May 27, 2016 at 03:30 | Source: FirstPost

NEW YORK The U.S. dollar slipped on Thursday after U.S. durable goods orders data showed weakness in business spending plans, while world stock indexes edged higher, extending recent gains.U.S. oil prices closed slightly lower after earlier topping $...

CORRECTED - Oil dips after hitting $50/bbl as glut worries resurface| Reuters

May 27, 2016 at 03:15 | Source: FirstPost

NEW YORK (This version of the story corrects Brent settlement to $49.59, not $49.74, in paragraph 6)Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors wo...

Oil tops $50, lifts commodity stocks but Fed, China weigh| Reuters

May 26, 2016 at 23:48 | Source: FirstPost

LONDON Brent crude oil topped $50 a barrel for the first time in nearly seven months on Thursday, lifting commodity and energy-related shares in Europe and Asia, though worries about U.S. interest rates and signs of slowdown in China limited gains.Oi...

ONGC sees higher output this year after profit beat| Reuters

May 26, 2016 at 23:15 | Source: FirstPost

NEW DELHI/MUMBAI Oil and Natural Gas Corp Ltd (ONGC) said on Friday it expects output to rise this financial year as it invests billions of dollars in ramping up production from its ageing fields.India's biggest exploration company is targeting 300 b...

ONGC Q4 net profit rises 12% to Rs 4,416 cr on subsidy exemption relief

May 26, 2016 at 17:20 | Source: FirstPost

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) today reported a 12 percent rise in its March quarter net profit after the government exempted it from payment of fuel subsidy.Net profit of Rs 4,416 crore in January-March was 12.2 percent highe...

Brent crude surpasses USD 50 a barrel for first time this year

May 26, 2016 at 15:24 | Source: FirstPost

Singapore:Brent crude passed$50 a barrelfor the first time in 2016 on Thursdayafter data showed a fall inUS crude inventories, adding to expectations of a tighteningglobal market.At around 0900 IST, Brent North Sea crude for Julydelivery was up 33 ce...

Two years of Modi in 6 charts: Check out how the govt has fared

May 26, 2016 at 14:45 | Source: FirstPost

Prime minister Narendra Modi have reasons to be happy because the number of people who are not really disappointed about his two years seems to be on the increase.This is significant considering that he has been getting relatively higheramount of bad...

Asian shares look set to advance, oil prices eye $50| Reuters

May 26, 2016 at 06:30 | Source: FirstPost

TOKYO Asian shares look set to extend their recovery from 12-week lows on Thursday after renewed optimism on European banks' prospects and a rise in oil prices to near $50 a barrel helped lift global shares.Australian share futures YAPcm1 rose 0.6 pe...

S&P 500 ascends 2 percent in two days| Reuters

May 26, 2016 at 02:45 | Source: FirstPost

Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investors becoming more comfortable with the prospect of an interest rate hike as early as next month.Combining Tuesday and Wednesday's performance...

India's business confidence falls to 5-month low in May amid subdued manufacturing

May 25, 2016 at 18:36 | Source: FirstPost

New Delhi: Confidence among Indian businesses fell to a five month low in May, and with rising inflationary pressure, there is limited scope for the RBI to cut rates, says a survey.Deutsche Boerses MNI India Business Sentiment Indicator, a gauge of c...

IPL 2016: On a day Virat Kohli failed, de Villiers proved you can never keep RCB down

May 25, 2016 at 12:07 | Source: FirstPost

The IPL is about heroes. The world's biggest domestic T20 competition sees stars fly in from around the world to be part of the occasion big names, big talents, and as Chris Gayle crudely likes to imply (and Sunny Gavasker and Ravi Shastri joke about...

Asian shares gain, dollar firm on Fed outlook| Reuters

May 25, 2016 at 06:45 | Source: FirstPost

TOKYO Asian shares gained on Wednesday, taking cues from sharp gains in European and U.S. financial shares while the dollar was underpinned as investors count on the U.S. Federal Reserve to hike U.S. interest rates in coming months.MSCI's broadest in...

After benefits of cheap oil, India counts cost of reduced Gulf remittances | Reuters

May 25, 2016 at 06:30 | Source: FirstPost

NEW DELHI Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a state that has one of India's highest unemployment rates. He's a casualty of the global oil price co...

Wall Street surges over 1 percent, banks and tech rally| Reuters

May 25, 2016 at 01:15 | Source: FirstPost

Wall Street surged over 1 percent on Tuesday, with solid gains in technology and bank shares as investors grew more comfortable with the possibility that the U.S. Federal Reserve might soon raise interest rates.Comments from several policymakers in r...

#ModiNext3Years: Final verdict hinges on these three questions

May 24, 2016 at 13:47 | Source: FirstPost

Two years ago, on 26 May, the Narendra Modi-government took office amid chest-thumping of a landslide victory and promise of achhe din to a billion Indians, after a disappointing UPA regime. How Modi has performed in two years after securing such a h...

Oil prices little changed as dollar gains, U.S. drawdown seen| Reuters

May 24, 2016 at 06:45 | Source: FirstPost

SINGAPORE Oil prices were little changed in thin early Asian trade on Tuesday as a firmer dollar weighed on oil markets while a likely drawdown in U.S. crude and gasoline stockpiles pointed to stronger demand ahead of the U.S. summer driving season.U...

Asian shares trade languidly, dollar edges up| Reuters

May 24, 2016 at 06:30 | Source: FirstPost

TOKYO Asian shares were nearly flat in early trading on Tuesday, while the dollar rebounded from steep losses against the yen in the previous session.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS did not stray far from its ...

Oil slides on Iran supply, U.S. rigs; Cushing draw cuts loss| Reuters

May 24, 2016 at 00:45 | Source: FirstPost

NEW YORK Oil prices slid more than 1 percent on Monday after Iran vowed to ramp up output and as a near two-year slump in the number of rigs drilling for crude in the United States stalled.A stockpile drawdown at the U.S. delivery hub for crude futur...

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