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Global jitters as US markets dive, sparking fears of recession pressures

Feb 11, 2016 at 22:40 | Source: FirstPost

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 ...

Wall St rises as Yellen hints at gradual rate hikes| Reuters

Feb 11, 2016 at 01:15 | Source: FirstPost

Wall Street was higher on Wednesday, led by financial stocks, after Federal Reserve Chair Janet Yellen said conditions in the United States would allow the Fed to pursue "gradual" adjustments to monetary policy.However, tightening financial...

Shares tumble on global growth concerns; Treasury yields fall| Reuters

Feb 09, 2016 at 01:30 | Source: FirstPost

NEW YORK Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand f...

RBI to announce monetary policy review on Tuesday

Jan 29, 2016 at 19:50 | Source: FirstPost

Mumbai: Reserve Bank will announce its sixth Bimonthly Monetary Policy Review on February 2, the last before presentation of the Union Budget amid clamour for rate cut to give a boost to the economy.BofA Merrill Lynch Global Research said it "co...

WEF creates task force with Carney, Rajan to study global financial system

Jan 27, 2016 at 10:58 | Source: FirstPost

The World Economic Forum (WEF) has created a new task force with Bank of England Governor Mark Carney and his counterpart at the Reserve Bank of India, Raghuram Rajan, to study how rapid changes in technology affect financial stability and growth.The...

Raghuram Rajan joins World Economic Forum task force on global financial system

Jan 27, 2016 at 07:46 | Source: FirstPost

Davos: Reserve Bank of India Governor Raghuram Rajan has joined a task force of the World Economic Forum (WEF) to study the future of global financial system, whose members include bankers and policymakers from across the world.The Geneva-based non-p...

Morgan Stanley beats forecasts, girds for more cost cuts| Reuters

Jan 20, 2016 at 00:30 | Source: FirstPost

For Morgan Stanley, belt-tightening is becoming a way of life. The investment bank posted better-than-forecast fourth-quarter results largely thanks to greater cost cutting, including moves to slash 25 percent of its fixed income headcount to adapt t...

Wall St. hemorrhages as oil tumbles and China fears deepen| Reuters

Jan 16, 2016 at 06:45 | Source: FirstPost

Wall Street bled on Friday, with the S&P 500 sinking to its lowest since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China.Pain was dealt widely, with the day's trading volume unusually high and m...

Wall Street haemorrhages as oil tumbles and China fears deepen| Reuters

Jan 16, 2016 at 04:15 | Source: FirstPost

Wall Street bled on Friday, with the S&P 500 sinking to its lowest since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China.Pain was dealt widely, with the day's trading volume unusually high and m...

Wall Street haemorrhages as oil falls and China fears deepen| Reuters

Jan 16, 2016 at 03:45 | Source: FirstPost

Wall Street bled on Friday, with the S&P 500 sinking to its lowest level since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China.Pain was dealt widely, with the day's trading volume unusually high...

Wall Street haemorrhages; S&P 500 hits lowest level since October 2014| Reuters

Jan 16, 2016 at 02:30 | Source: FirstPost

Wall Street bled a sea of red on Friday, with the S&P 500 sinking to its lowest level since October 2014 and the Dow losing more than 500 points as oil prices sank below $30 per barrel.Pain was felt across the board. All 10 major S&P sectors ...

Wall Street hammered; S&P 500 hits lowest since Oct 2014| Reuters

Jan 16, 2016 at 01:30 | Source: FirstPost

U.S. stock indexes notched deep losses in volatile trading on Friday, with the S&P 500 hitting its lowest since October 2014 and the Dow losing more than 500 points, as oil prices dived below $30 per barrel.All 10 major S&P sectors were in th...

Wall Street hammered; S&P 500 hits lowest since October 2014| Reuters

Jan 16, 2016 at 00:45 | Source: FirstPost

U.S. stock indexes notched deep losses in volatile trading on Friday, with the S&P 500 hitting its lowest since October 2014 and the Dow losing more than 500 points, as oil prices dived below $30 per barrel.All 10 major S&P sectors were in th...

Wall Street slumps; S&P hits lowest since Aug. 24| Reuters

Jan 15, 2016 at 23:30 | Source: FirstPost

U.S. stocks sank in volatile trading on Friday, with the S&P 500 hitting its lowest since Aug. 24 and the Dow dropping more than 400 points, as oil prices dived below $30 per barrel.All 10 major S&P sectors in the red and all 30 Dow component...

JPMorgan strikes confident tone after better-than-expected results| Reuters

Jan 15, 2016 at 00:45 | Source: FirstPost

JPMorgan Chase & Co ended the year with a better-than-expected quarterly profit, helped by cost cuts and a smaller legal bill, and expressed confidence about its businesses in 2016 despite a grim start for stocks and energy prices.The biggest U.S...

Wall Street resumes selloff; S&P 500 lowest since September| Reuters

Jan 14, 2016 at 04:45 | Source: FirstPost

U.S. stocks sank on Wednesday, pushing the S&P 500 to close below 1,900 for the first time since September as investors grew anxious about weak energy prices, U.S. corporate earnings and the global economy.All 10 S&P 500 sectors ended in the ...

Gold hits nine-week high as China worries hit stocks| Reuters

Jan 08, 2016 at 02:15 | Source: FirstPost

LONDON Gold climbed above $1,100 an ounce for the first time in nine weeks on Thursday as the dollar fell and investors channelled money into safer assets after worries about the Chinese economy hit global stocks.European shares fell sharply after Ch...

Exclusive - Verizon launches auction to sell data centres - sources | Reuters

Jan 06, 2016 at 05:45 | Source: FirstPost

Verizon Communications Inc (VZ.N) has started a process to sell its data centre assets, hoping to fetch more than $2.5 billion, people familiar with the matter said on Tuesday, as the U.S. telecommunications conglomerate focuses on its core business....

45 Indians in Forbes list of achievers under 30

Jan 05, 2016 at 13:21 | Source: FirstPost

New York - Forty-five Indians and Indian-origin people have made it to Forbes' annual list of achievers under the age of 30 who are "changing the rules of the game or creating entirely new playbooks" across varied fields.The Forbes fifth an...

Oyo Rooms founder Ritesh Agarwal among 45 Indians in Forbes' achievers under 30

Jan 05, 2016 at 12:47 | Source: FirstPost

New York - Forty-five Indians and Indian-origin people have made it to Forbes' annual list of achievers under the age of 30 who are "changing the rules of the game or creating entirely new playbooks" across varied fields.Among those who mad...

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