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Rescue ops: Helicopters ferry injured from Nepal villages near epicenter

Apr 28, 2015 at 14:57 | Source: FirstPost

Gorkha, Nepal:Helicopters crisscrossed the skies above the high mountains of Gorkha district on Tuesday near the epicenter of the weekend earthquake in Nepal, ferrying the injured to clinics, and taking emergency supplies back to remote villages deva...

Asian shares at seven-year highs, cheered by Apple earnings| Reuters

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

TOKYO (Reuters) - Asian stocks scaled fresh seven-year peaks on Tuesday as Apple's upbeat earnings offset underlying caution ahead of the Federal Reserve's policy meeting scheduled to start later in the session.The dollar, meanwhile, clawed back some...

BofA raises oil price forecasts for 2016| Reuters

Apr 28, 2015 at 02:30 | Source: FirstPost

REUTERS - Bank of America Merrill Lynch has revised upward its oil price forecasts for 2016, but said it remained bearish amid oversupply, weak demand from emerging markets, a return of U.S. shale production and expectations of a deal on Iran.The ban...

Deflation? Oil's 45 pct rebound could be markets' next headache| Reuters

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

LONDON (Reuters) - Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January. Since then, Brent crude futures have risen 45 percent....

Global shares rise on Europe relief, optimism on Apple| Reuters

Apr 27, 2015 at 23:15 | Source: FirstPost

NEW YORK (Reuters) - A measure of equity markets worldwide hit record highs on Monday as optimism over Greece supported European stocks while U.S. shares added to last week's gains ahead of Apple results and a Federal Reserve policy meeting.The Nasda...

Strong India rupee stings Modi's export ambitions| Reuters

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

NEW DELHI (Reuters) - Ajit Lakha, who runs a mid-sized garment export business in the north Indian textile hub of Ludhiana, prays daily before leaving for work that the rupee will weaken and the euro recover to cut the losses he is taking on his over...

India starts up 300,000 bpd Paradip refinery - sources| Reuters

Apr 26, 2015 at 22:15 | Source: FirstPost

NEW DELHI (Reuters) - Indian Oil Corp (IOC.NS), the country's biggest refiner, on Sunday began crude processing at its 300,000 barrel per day (bpd) Paradip refinery and aims to fully commission the plant in six months, two company sources said, poten...

Oil prices edge down from 2015-highs, but set for weekly gain| Reuters

Apr 25, 2015 at 02:30 | Source: FirstPost

SINGAPORE (Reuters) - Oil prices held steady on Friday near 2015-highs reached the session before, remaining on track for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments.Crude prices on bot...

Oil at 2015 high on Saudi-led bombing blitz of Yemen

Apr 24, 2015 at 08:15 | Source: FirstPost

Crude oil prices settled up 3 per cent, hitting 2015 highs, while US gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.Oil buye...

Global Markets - Nasdaq breaks 15-year record; oil up on Middle East worry | Reuters

Apr 24, 2015 at 04:15 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks rose on Thursday, with the Nasdaq index hitting a record closing high, as corporate earnings and a rise in energy shares overshadowed soft U.S. economic data, while oil prices climbed to the highest levels of the year...

Analysis - 'Flash crash' trader's alleged fraud a common market occurrence| Reuters

Apr 23, 2015 at 05:15 | Source: FirstPost

NEW YORK (Reuters) - The market manipulation case against the British day trader U.S. authorities say helped spur the May 2010 "flash crash" may be the most high-profile to date, but the type of activity he is accused of is actually quite c...

Global markets - Shares climb on earnings; U.S. Treasuries fall| Reuters

Apr 23, 2015 at 02:15 | Source: FirstPost

NEW YORK (Reuters) - Stocks in major markets drifted higher on Wednesday as investors took an optimistic view of the latest batch of U.S. corporate earnings, while U.S. Treasury prices declined after home sales data added to anticipation of a rate hi...

Brent up on more Yemen bombing; U.S. crude dips after stock build| Reuters

Apr 23, 2015 at 01:45 | Source: FirstPost

NEW YORK (Reuters) - Oil prices diverged on Wednesday with Brent closing up on renewed fighting in Yemen while U.S. crude fell after another weekly rise in inventories despite slower production.Futures of U.K. North Sea Brent, the more globally used ...

Modi is ending UPA's oil mess, but cannot remain a fair weather deregulator

Apr 22, 2015 at 13:36 | Source: FirstPost

Slowly, but surely, using favourble trends in global oil prices, the Modi government is undoing the damage done to the Indian oil sector over the last decade.In a barely noticed decision, the oil ministry has decided to free ONGC and public sector oi...

Modi is ending UPA's oil mess, but he cannot remain a fair weather deregulator

Apr 22, 2015 at 11:59 | Source: FirstPost

Slowly, but surely, using favourble trends in global oil prices, the Modi government is undoing the damage done to the Indian oil sector over the last decade.In a barely noticed decision, the oil ministry has decided to free ONGC and public sector oi...

Wipro promotes chairman Azim Premji's heir apparent Rishad to board

Apr 22, 2015 at 07:44 | Source: FirstPost

 Bangalore:Wipro, India's third-biggest software services exporter, has appointed the son of billionaire founder Azim Premji to its board, in a long awaited promotion that moves the chairman's heir apparent closer to the top spot.Rishad Prem...

Gold slips as dollar firms, Greek debt crisis eyed for cues | Reuters

Apr 22, 2015 at 07:30 | Source: FirstPost

SINGAPORE (Reuters) - Gold gave up some of its overnight gains on Wednesday as the U.S. dollar firmed after earlier losses, with investors keeping their attention focussed on the Greek debt crisis and its impact on the currency markets.FUNDAMENTALS* ...

Global steel output falls in March - Worldsteel| Reuters

Apr 22, 2015 at 00:30 | Source: FirstPost

LONDON (Reuters) - Global crude steel production fell 2.7 percent in March from a year ago as output decreased in every major region including China, which produces half the world's steel, figures from an industry body showed on Tuesday.Prices are la...

Wipro promotes Premji heir apparent to board| Reuters

Apr 21, 2015 at 23:45 | Source: FirstPost

BENGALURU (Reuters) - Wipro Ltd, India's third-biggest software services exporter, has appointed the son of billionaire founder Azim Premji to its board, in a long awaited promotion that moves the chairman's heir apparent closer to the top spot.Risha...

Oil up on drop in U.S. crude stockpiles, Middle East tensions| Reuters

Apr 21, 2015 at 02:45 | Source: FirstPost

NEW YORK (Reuters) - Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia.Tensions after ...

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