Asia stocks edge up after upbeat U.S. data, dollar sags| Reuters
May 27, 2016 at 07:15 | Source:
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:
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 $...
Oil tops $50, lifts commodity stocks but Fed, China weigh| Reuters
May 26, 2016 at 23:48 | Source:
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:
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:
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:
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:
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:
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:
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...
Asian shares gain, dollar firm on Fed outlook| Reuters
May 25, 2016 at 06:45 | Source:
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...
Wall Street surges over 1 percent, banks and tech rally| Reuters
May 25, 2016 at 01:15 | Source:
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:
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:
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:
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:
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...