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Sensex soars 517 points, logs biggest gain in over two months

Mar 30, 2015 at 18:22 | Source: FirstPost

Mumbai: The benchmark BSE Sensex today surged by over 517 points -- its biggest one-day gain in nearly two-and-a-half months -- to end at 27,975.86 on across-the-board buying amid firm global cues.Brokers attributed the the steep rise to value buying...

Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4

Mar 27, 2015 at 15:20 | Source: FirstPost

New Delhi: The government is likely to exempt oil producers ONGC and Oil India Ltd from payment of fuel subsidy in the fourth quarter ending 31 March, a senior petroleum ministry official said today."We have a verbal assurance from the finance m...

Crude shock: A deeper crisis in Yemen could mean your loan rates won't fall as expected

Mar 27, 2015 at 13:28 | Source: FirstPost

Fresh signs of tensions emerging in Southwest Asia, where a Saudi Arabia-led coalition has begun airstrikes on Yemen rebels, have raised worries of a potential spike in crude oil prices, which will have a ripple effect on oil importing countries like...

Oil and gas cos look to invest in Big Data, cloud to mitigate impact of lower crude prices

Mar 27, 2015 at 10:50 | Source: FirstPost

While oil prices have dropped under $50/barrel and 60% of oil and gas companies expect reductions in their 2015 IT budget, cuts are lower than expected and are not across the board as companies are more focused in their decisions. Based on an IDC Ene...

Oil leaps 5 percent, most in a month, on air strikes in Yemen

Mar 27, 2015 at 02:45 | Source: FirstPost

NEW YORK (Reuters) - Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplie...

Oil up 5 percent after Saudi strikes in Yemen; dollar limits gains

Mar 27, 2015 at 01:45 | Source: FirstPost

NEW YORK (Reuters) - Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies.The ...

Wall Street down after air strikes on Yemen, but off lows

Mar 26, 2015 at 23:45 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks declined on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, but were off session lows as the S&P 500 attempted to hold a key technical level. Oil prices climbed, with Brent crude up 2.5 p...

Oil up after Saudi air strikes in Yemen; dollar limits gains

Mar 26, 2015 at 23:30 | Source: FirstPost

NEW YORK (Reuters) - Oil prices rallied for a second straight day on Thursday after Saudi Arabia and its Gulf Arab allies began air strikes in Yemen, sparking fears of a bigger Middle East battle that could disrupt world crude supplies.The military o...

Markets collapse on geopolitical worries, Sensex tanks 654 points

Mar 26, 2015 at 19:31 | Source: FirstPost

Mumbai: Rising geopolitical tension in the Middle East spooked domestic markets today with benchmark Sensex plummeting 654 points, its biggest daily fall in nearly three months, to close at 27,457.58.Across-the-board selling on the last day of monthl...

Saudi Arabia, Gulf allies launch airstrikes in Yemen

Mar 26, 2015 at 11:23 | Source: FirstPost

Saudi Arabia and Gulf region allies launched military operations including air strikes in Yemen on Thursday, officials said, to counter Iran-allied forces besieging the southern city of Aden where the US-backed Yemeni president had taken refuge.Gulf ...

Saudi Arabia's OPEC governor: tough to hit $100-$120 oil again

Mar 23, 2015 at 00:45 | Source: FirstPost

RIYADH (Reuters) - Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday it would be hard for oil to reach $100-$120 per barrel - the peaks it hit last year before falling sharply due to a glut of crude and weakening demand.Last November, Orga...

Wall St Week Ahead - Investors eye data as stocks approach records

Mar 22, 2015 at 19:15 | Source: FirstPost

REUTERS - Investors enjoying near-record levels for major stock indexes will scrutinize housing data and other economic indicators in the coming week for hints about the timing of U.S. interest rate hikes to see if the rally will continue.Concern abo...

Sharp decline in U.S. dollar lifts stocks, oil

Mar 21, 2015 at 02:45 | Source: FirstPost

NEW YORK (Reuters) - The U.S. dollar fell sharply on Friday and posted its biggest weekly decline against the euro in more than three years, helping to drive a rally in Wall Street stocks and crude oil. The Nasdaq posted its highest close in 15 years...

Athens pledge, cautious Fed soothes Europe's investors

Mar 21, 2015 at 01:30 | Source: FirstPost

LONDON (Reuters) - The euro nudged towards its best week in 18 months while yields on low-rated bonds fell as investors welcomed the Fed's cautious approach to raising interest rates and a reform pledge from Athens that could avert a cash crunch.Illu...

China gold demand to grow over 5 years, but at slower pace -Barclays

Mar 21, 2015 at 00:30 | Source: FirstPost

SINGAPORE (Reuters) - China's share of the global gold market will expand in the next five years as it will be one of the few countries witnessing demand growth, but at a slower pace, Barclays analysts said.Demand from the world's No.2 gold consumer ...

Oil jumps on weaker dollar; U.S. crude up about 4 percent

Mar 21, 2015 at 00:15 | Source: FirstPost

NEW YORK (Reuters) - Oil prices jumped on Friday, with U.S. crude up about 4 percent, after the dollar fell on interest-rate uncertainty, lifting demand for dollar-denominated commodities from holders of other currencies.Benchmark Brent oil was on tr...

Fed-induced rally peters out: Asia stocks fall, dollar steadies

Mar 20, 2015 at 11:48 | Source: FirstPost

Asian stocks stalled on Friday as Federal Reserve-inspired gains petered out, while the dollar steadied after rebounding from the shock of a surprisingly dovish US central bank.MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.1...

Asia stocks dip as Fed-inspired lift peters out, dollar steady

Mar 20, 2015 at 06:45 | Source: FirstPost

TOKYO (Reuters) - Asian stocks slipped on Friday as Federal Reserve-inspired gains petered out, while the dollar steadied after rebounding from the shock of a surprisingly dovish U.S. central bank.Japan's Nikkei .N225 shed 0.2 percent and South Korea...

S&P 500 ends lower in Fed rally reversal

Mar 20, 2015 at 04:45 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks fell on Thursday as a stronger dollar weighed on oil and other commodity prices, sending energy and materials sectors lower.The greenback rose after a sharp decline on Wednesday. The Federal Reserve appeared to be mor...

U.S. stocks slip, dollar gains day after Fed view

Mar 20, 2015 at 02:45 | Source: FirstPost

NEW YORK (Reuters) - European shares rose on Thursday, a day after the Federal Reserve indicated it was in no rush to hike U.S. interest rates, but stocks slipped on Wall Street while crude oil retreated and the dollar rebounded, reversing the previo...

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