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Earnings take off: Jet Airways, SpiceJet shares fly high in sluggish market

Jul 29, 2015 at 11:36 | Source: FirstPost

Shares of domestic aviation companies sky-rocketed in early Wednesday trade despite the sluggish broad market sentiment, as strong earnings performance from SpiceJet and hopes of a similar performance from Jet Airways perked up investors sentiment.At...

Asia stocks hope for calmer China markets, wary of Fed| Reuters

Jul 29, 2015 at 06:45 | Source: FirstPost

SYDNEY Asian shares attempted a rebound on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve.Australia's main in...

Oil steadies after four-day loss; U.S. inventory draw eyed| Reuters

Jul 29, 2015 at 03:45 | Source: FirstPost

NEW YORK Oil prices steadied on Tuesday, with Brent recovering from near six-month lows and U.S. crude settling more than 1 percent higher as bets for a drop in U.S. stockpiles offset concern over a global oil supply glut and China's stock market mel...

Global stocks rally as China fears dwindle, oil prices steady| Reuters

Jul 29, 2015 at 02:45 | Source: FirstPost

NEW YORK U.S. and European stock markets climbed 1 percent or more on Tuesday, reversing five days of declines, as investors looked past China's equities sell-off and took buying cues from earnings and mergers news.Prices of safe-haven government bon...

Oil steadies after four-day loss; U.S. crude stock draw eyed| Reuters

Jul 29, 2015 at 02:30 | Source: FirstPost

NEW YORK Oil prices steadied on Tuesday, recovering from near six-month lows, with U.S. crude rising more than 1 percent as bets for a drop in U.S. crude stockpiles offset worries about a global supply glut and equity market meltdown in China.The mar...

India lifts 30 pct less volume under long-term Qatar LNG deal - sources| Reuters

Jul 28, 2015 at 23:45 | Source: FirstPost

NEW DELHI India has imported 30 percent less liquefied natural gas (LNG) than it is supposed to under a long-term deal with Qatar as a slide in spot prices has cut demand from local buyers, two sources with knowledge of the matter said on Tuesday.So ...

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...

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