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Wild week for markets set to end quietly| Reuters

Aug 29, 2015 at 00:45 | Source: FirstPost

NEW YORK A volatile ride for global markets this week looked to end calmly on Friday even as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded sharply for a sec...

Wild week for world markets set to end quietly| Reuters

Aug 29, 2015 at 00:30 | Source: FirstPost

NEW YORK A volatile ride for global markets this week looked set to end with a whimper on Friday as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded sharply.U....

Oil & gas exploration shares surge up to 6% on global crude price revival

Aug 28, 2015 at 12:52 | Source: FirstPost

Investors firmly rallied behind the recently-battered domestic oil & gas exploration shares, with several counters surging up to 6 percent, thereby outperforming the broad market sentiment that has stayed upbeat since early trades.At 12.55 pm...

Crude gains: Oil & gas exploration shares surge up to 6% in a firm market

Aug 28, 2015 at 12:52 | Source: FirstPost

Investors firmly rallied behind the recently-battered domestic oil & gas exploration shares, with several counters surging up to 6 percent, thereby outperforming the broad market sentiment that has stayed upbeat since early trades.At 12.55 pm...

Oil markets catch breath after biggest gains in six years| Reuters

Aug 28, 2015 at 06:45 | Source: FirstPost

SEOUL Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.Stock markets around the world rallied on Thursday...

Oil soars over 10 percent, biggest gain in six years as shorts scramble| Reuters

Aug 28, 2015 at 01:45 | Source: FirstPost

NEW YORK Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders.Snapping back f...

Stocks rebound from China slump, strong U.S. data helps | Reuters

Aug 28, 2015 at 01:30 | Source: FirstPost

NEW YORK Stock around the world rallied on Thursday, shaking off a slump related to China growth fears, as strong U.S. economic data boosted investor sentiment and crude oil rebounded sharply.All three major U.S. indexes were up less than 1 percent i...

ECB faces inflation headache even as lending bounces| Reuters

Aug 28, 2015 at 00:45 | Source: FirstPost

FRANKFURT Lending to euro zone firms grew at the fastest pace since early 2012 last month but the European Central Bank may still come under pressure to ramp up its stimulus measures as falling oil prices and a slowdown in China curb inflation.Credit...

Oil soars over 8 pct as deep shorts scramble for cover| Reuters

Aug 27, 2015 at 23:30 | Source: FirstPost

NEW YORK Oil rocketed more than 8 percent higher on Thursday, posting its biggest one-day rally in years, as recovering equity markets and news of diminished crude supplies set off a short-covering surge by bearish traders.Snapping back fiercely from...

Uncertain monsoon still a risk to growth, inflation: RBI

Aug 27, 2015 at 20:49 | Source: FirstPost

Mumbai: The Reserve Bank today said uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for both growth as well as the inflation outlook."While the progress of monsoon h...

Surprise rally: US stocks snap losing streak but oil, bonds decline

Aug 27, 2015 at 07:40 | Source: FirstPost

Wall Street rebounded sharply on Wednesday after six straight days of large declines caused by China worries, while long-dated bond prices fell after a top Federal Reserve official scaled back expectations of a September rate increase.The dollar rebo...

Asia stocks up as Wall Street rally calms markets, dollar surges| Reuters

Aug 27, 2015 at 06:30 | Source: FirstPost

TOKYO Asian stocks rose on Thursday as a sharp rebound on Wall Street helped soothe investors' tattered nerves, while the dollar rallied as risk aversion eased.Stock markets around the world had tumbled earlier in the week as a slump in Shanghai shar...

U.S. stocks snap losing streak but oil and bonds decline| Reuters

Aug 27, 2015 at 03:15 | Source: FirstPost

NEW YORK Wall Street rebounded sharply on Wednesday after six straight days of large declines caused by China worries, while long-dated bond prices fell after a top Federal Reserve official scaled back expectations of a September rate increase. The ...

Oil dips as gasoline build offsets big U.S. crude draw| Reuters

Aug 27, 2015 at 02:15 | Source: FirstPost

NEW YORK Oil prices fell almost 2 percent on Wednesday after a huge drawdown in U.S. crude stockpiles was offset by a larger-than-expected build in gasoline and distillates, which include diesel.Crude inventories fell 5.5 million barrels in the week ...

Oil falls towards 6-1/2-year lows on gasoline build| Reuters

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

LONDON Oil fell on Wednesday after U.S. gasoline stocks rose more than expected, compounding negative sentiment after worldwide falls in equities that helped drag fuel prices to 6-1/2-year lows.U.S. crude stocks fell sharply last week as imports tumb...

The future of Indian coconut farming depends on what's grown between palms

Aug 26, 2015 at 19:54 | Source: FirstPost

Upar ki kamayi, is one of the attractions of a government job for those who believe public service is a privilege that must reflect opportunity cost. For them salary is for saving and the extra income is for spending. It is a flippant analogy that ap...

After aborted NSA talks, PM Modi's Saudi Arabia trip is the 'ultimate masterstroke'

Aug 26, 2015 at 15:46 | Source: FirstPost

Away from the hype of aborted India-Pakistan NSA level talk, Prime Minister Narendra Modis aides are quietly working on his visit to Saudi Arabia, the most influential Islamic country. Though the dates have not been finalised as yet but considering t...

Sensex falls 350 points as China rate cut fails to enthuse global markets

Aug 26, 2015 at 10:48 | Source: FirstPost

Domestic equity markets resumed on a nervous note Wednesday after rising nearly 300 points a day earlier, as the rate cut by China's central bank on Tuesday failed to revive investor sentiment with fresh local currency depreciation further adding to ...

Asian equities trade lower; Chinese rate cut fails to fuel rally

Aug 26, 2015 at 08:31 | Source: FirstPost

Tokyo Shares were mostly lower in Asia on Wednesday, after a move by China to cut its key interest rate failed to spark a sustained rally on Wall Street. Investors looked set for another white-knuckle day as Chinese, Hong Kong and Japan shares bobb...

U.S. stock futures resume descent, not much cheer from China rate cut| Reuters

Aug 26, 2015 at 07:15 | Source: FirstPost

TOKYO U.S. stock futures resumed descent in early Asian trade and Asian shares were seen on the defensive on Wednesday as monetary easing by China's central bank had limited success in cheering up nervous investors.U.S. S&P 500 mini futures ESc1 ...

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