Factbox: Iran's mineral wealth spans gold to zinc| Reuters
Feb 14, 2016 at 17:45 | Source:
LONDON Investors are being tempted by the mineral riches of Iran, which has opened for business after the lifting of sanctions as part of a nuclear deal.The country has 68 different minerals with reserves totalling 43 billion tonnes worth an estimate...
Stop double standards on dealing with terror, India and UAE tell the world
Feb 13, 2016 at 04:24 | Source:
New Delhi: India and the UAE have strongly condemned state sponsors of terrorism and use of terrorism as a state policy, according to a joint issued on Friday, the concluding day of the three-day visit to India of Crown Prince of Abu Dhabi and Deputy...
Shares gain as global economy fears ease; oil rallies| Reuters
Feb 13, 2016 at 04:15 | Source:
NEW YORK U.S. and European shares rebounded from recent weakness on Friday, with reassuring U.S. retail sales data boosting sentiment, while U.S. crude prices rallied from more than 12-year lows. Banking shares in the United States and Europe spiked,...
Oil rockets from 12-year low on renewed talk of OPEC cut| Reuters
Feb 13, 2016 at 00:30 | Source:
NEW YORK U.S. crude prices jumped more than 10 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets added to the risk appetite in oil.In spite of the about-t...
Wall Street rallies, led by banks and energy stocks| Reuters
Feb 13, 2016 at 00:15 | Source:
Wall Street rallied on Friday, led by a rebound in beaten-down financial and energy stocks after five straight days of a gruelling selloff on fears over the health of the global economy and the banking sector.Nine of the 10 major S&P sectors were...
Energy, banks lead Wall St recovery after punishing week| Reuters
Feb 12, 2016 at 23:15 | Source:
Wall Street staged a comeback on Friday, led by a rebound in beaten-down financial and energy stocks after five straight days of a grueling rout on fears over the health of the global economy and the banking sector.Nine of the 10 major S&P sector...
Market crash burns a Rs 3.13 lakh cr hole in investors' pockets
Feb 12, 2016 at 08:00 | Source:
In a massive fall that engulfed the world equity markets, Indian shares mirrored the bearish sentiment mainly battered by continuing concerns about a global economic slowdown and disappointing quarterly earnings from the PSU banking entities.With cur...
Asian shares slide as bank fears add to global gloom| Reuters
Feb 12, 2016 at 07:30 | Source:
TOKYO Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets.The prices of yen, go...
India, UAE sign 9 agreements, to boost ties further
Feb 12, 2016 at 04:30 | Source:
New Delhi: Nine agreements were exchanged between India and the UAE, including on cyber security and infrastructure investment, as the two sides agreed to further boost bilateral ties on Thursday, the second day of the three-day visit of Sheikh Moham...
U.S. oil hits 12-year low on stockpile surge, risk aversion| Reuters
Feb 12, 2016 at 03:30 | Source:
NEW YORK U.S. crude slid on Thursday, hitting 12-year lows as domestic stockpiles grew, Goldman Sachs called for depressed prices until the second half of the year and investors fled from equities and other risky assets into safe havens such as gold....
U.S. oil tumbles close to 12-year lows amid brimming stockpiles| Reuters
Feb 12, 2016 at 02:30 | Source:
NEW YORK U.S. oil prices fell for a six straight day on Thursday, approaching 12-year lows hit last month, weighed by brimming crude inventories and a Goldman Sachs forecast that prices would remain low and volatile until the second half of the year....
Low crude price dents India's ONGC profit | Reuters
Feb 11, 2016 at 23:30 | Source:
NEW DELHI/MUMBAI India's biggest explorer Oil and Natural Gas Corporation Ltd posted a 64 percent drop in quarterly profit, hit by a a 40 billion rupees ($584.62 million) one-time impairment charge on producing assets due to a sharp fall in the crude...
Global jitters as US markets dive, sparking fears of recession pressures
Feb 11, 2016 at 22:40 | Source:
Major U.S. stock indexes veered sharply lower in morning trading Thursday as concerns about global economic weakness intensified. The latest slide followed steep market declines all around the world. Financial stocks were among the biggest decliners ...
U.S. crude oil prices fall as inventories hit record high| Reuters
Feb 11, 2016 at 07:15 | Source:
SINGAPORE U.S. crude prices dipped in early Asian trading on Thursday as oil storage levels hit record highs, and Goldman Sachs said prices would remain low and volatile until the second half of the year.U.S. West Texas Intermediate (WTI) crude futur...