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Asian shares track Wall Street lower ahead of jobs data| Reuters

Aug 07, 2015 at 06:45 | Source: FirstPost

TOKYO Asian shares got off on the back foot on Friday, on track for a weekly loss, following Wall Street lower as caution reigned ahead of U.S. employment data that may help determine whether the Federal Reserve could raise interest rates as early as...

Oil at multi-month lows; hunt for new bottom as gasoline piles up| Reuters

Aug 07, 2015 at 03:30 | Source: FirstPost

NEW YORK Oil set multi-month lows on Thursday as investors and traders sought clues about the market's next bottom after a large drop in U.S. crude inventories failed to boost prices.A bigger-than-expected build in U.S. gasoline stockpiles last week ...

China June industrial profits fall 0.3 pct y/y | Reuters

Jul 28, 2015 at 03:45 | Source: FirstPost

BEIJING Chinese industrial profits, which rose on an annual basis in April and May, dropped in June, adding to pressures on a economy that is struggling to regain momentum.Profit at China's industrial firms dropped 0.3 percent in June from a year ear...

China slides again, Europe follows| Reuters

Jul 28, 2015 at 03:30 | Source: FirstPost

LONDON European stocks and major commodity prices fell hard on Monday as concerns over China dominated financial markets in the wake of the biggest drop in Shanghai shares in eight years.The dollar was weak ahead of the week's main set piece - Wednes...

Nigeria's president plans to split state oil company into two entities | Reuters

Jul 26, 2015 at 11:15 | Source: FirstPost

ABUJA Nigerian President Muhammadu Buhari plans to split the state-owned Nigerian National Petroleum Corporation (NNPC) into two entities, his spokesman said on Saturday.Buhari, elected in March on promises to combat corruption, has made clear he wan...

Oil falls to lowest close since March, down a fourth week| Reuters

Jul 25, 2015 at 03:15 | Source: FirstPost

NEW YORK Brent and U.S. crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure.U.S. energy firms added 21 oil ...

Brent crude nears 4-month low as China factories contract, dollar firms| Reuters

Jul 25, 2015 at 00:45 | Source: FirstPost

LONDON Oil prices hovered near four-month lows on Friday after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies.Activity in China's manufacturing sector shrank at the fastest pace in 15 months in ...

Oil falls, heads for fourth weekly loss as China slows| Reuters

Jul 24, 2015 at 23:30 | Source: FirstPost

NEW YORK Brent and U.S. crude fell on Friday as both contracts headed for their fourth straight weekly declines as weak economic data from China added pressure on oil prices.U.S. crude losses follow Thursday's fall into bear market territory, with it...

Lok Sabha adjourned: Disrupting Parliament a valid strategy but what next for Congress?

Jul 24, 2015 at 19:37 | Source: FirstPost

Listening to the BJP leaders lecture the Congress on parliamentary decorum reminds me of a rather crude Urdu saying, on the hypocrisy of old sinners suddenly taking to preaching others ('Sau choohe kha ke billi haj ko chali').For a party whose own re...

Reliance Industries Q1 net profit up 4.4% at Rs 6,222 cr, highest refining margin in six years

Jul 24, 2015 at 17:49 | Source: FirstPost

New Delhi: Reliance Industries Ltd (RIL) today reported 4.4 percent rise in the June quarter net profit as it earned the highest refining margin in six years.Consolidated net profit of Rs 6,222 crore, or Rs 21.1 a share, in April-June quarter of the ...

Lok Sabha adjourned: Disrupting Parliament is valid strategy but what next for Cong?

Jul 24, 2015 at 17:32 | Source: FirstPost

Listening to the BJP leaders lecture the Congress on parliamentary decorum reminds me of a rather crude Urdu saying, on the hypocrisy of old sinners suddenly taking to preaching others ('Sau choohe kha ke billi haj ko chali').For a party whose own re...

Lok Sabha adjourned: Disrupting Parliament is valid strategy but what next for Congress?

Jul 24, 2015 at 14:59 | Source: FirstPost

Listening to the BJP leaders lecture the Congress on parliamentary decorum reminds me of a rather crude Urdu saying, on the hypocrisy of old sinners suddenly taking to preaching others ('Sau choohe kha ke billi haj ko chali').For a party whose own re...

Lok Sabha adjourned: Disrupting Parliament is a valid strategy but what next for Congress?

Jul 24, 2015 at 13:08 | Source: FirstPost

Listening to the BJP leaders lecture the Congress on parliamentary decorum reminds me of a rather crude Urdu saying, on the hypocrisy of old sinners suddenly taking to preaching others ('Sau choohe kha ke billi haj ko chali').For a party whose own re...

Lok Sabha adjourned: Giving BJP taste of its own medicine is fine but what next for Congress?

Jul 24, 2015 at 12:38 | Source: FirstPost

Listening to the BJP leaders lecture the Congress on parliamentary decorum reminds me of a rather crude Urdu saying, on the hypocrisy of old sinners suddenly taking to preaching others ('Sau choohe kha ke billi haj ko chali').For a party whose own re...

Lok Sabha adjourned: Giving BJP a taste of its own medicine is fine but what next for Cong?

Jul 24, 2015 at 11:21 | Source: FirstPost

Listening to the BJP leaders lecture the Congress on parliamentary decorum reminds me of a rather crude Urdu saying, on the hypocrisy of old sinners suddenly taking to preaching others ("Sau choohe kha ke billi haj ko chali").For a party wh...

Peshawar school attack fabrication: Blaming India is immature, Pakistan must grow up

Jul 24, 2015 at 07:41 | Source: FirstPost

The latest Pakistani claim that India was behind the December 2014 Peshawar school attack does not come as a surprise given Pakistans penchant for blatantly lying from time to time primarily to divert attention of the world from domestic challenges.P...

Wall Street drops for third day, dollar cuts losses| Reuters

Jul 24, 2015 at 03:45 | Source: FirstPost

NEW YORK Wall Street stocks dropped for a third day on Thursday, sagging under weak corporate profit reports that left the Dow Jones industrials index in the red for 2015, while strong U.S. labour market data supported a weak dollar.Oil prices declin...

Peshawar school attack canard: Blaming India is immature, Pakistan must grow up

Jul 23, 2015 at 20:12 | Source: FirstPost

The latest Pakistani claim that India was behind the December 2014 Peshawar school attack does not come as a surprise given Pakistans penchant for blatantly lying from time to time primarily to divert attention of the world from domestic challenges.P...

Rs 1 lakh cr gain from lower oil, higher tax mop-up; govt readying for a splurge

Jul 23, 2015 at 14:35 | Source: FirstPost

The Opposition may try and block every planned reforms of the NDA government, but there is one thing that they can do nothing about - luck, in the form of lower crude oil prices.Last year, if it was a fight for market dominance between the Opec and t...

OPEC sees oil drop as short-term, expects stronger demand - delegates| Reuters

Jul 22, 2015 at 23:45 | Source: FirstPost

LONDON/DUBAI A drop in oil prices this month is likely to be short-term and will not deflect OPEC from its policy of keeping output high to defend market share, delegates from Gulf OPEC members and other nations said.Falling Chinese stock markets and...

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