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Trust is a commodity: What the underbelly of Bengal's Saradha scam reveals

Sep 23, 2014 at 16:18 | Source: FirstPost

At its heart there is nothing that new about the Saradha scam. Its not the first Ponzi scam, nor will it be the last. Bengal itself has seen quite a few including the infamous Sanchayita investment scheme that rocked the state thirty years ago. Like ...

Why PM Modi's five-day US trip may be a near complete waste of time

Sep 23, 2014 at 14:52 | Source: FirstPost

One wonders if Narendra Modi has his priorities right. Two critical state elections in Maharashtra and Haryana - are underway where the BJP's position is far from rosy and he is heading for the US for a five-day official visit that will yield little...

BHP Billiton and Mitsubishi to cut 700 jobs at coal mines

Sep 23, 2014 at 14:17 | Source: BBC

BHP Billiton and Mitsubishi plan to cut 700 jobs at a joint coal mining venture in Australia because of tough market conditions. Both companies said they found the business was overstaffed following an operational review. The job cuts account for abo...

Why PM Modi's five-day trip to US may be a near complete waste of time

Sep 23, 2014 at 13:26 | Source: FirstPost

One wonders if Narendra Modi has his priorities right. Two critical state elections in Maharashtra and Haryana - are underway where the BJP's position is far from rosy and he is heading for the US for a five-day official visit that will yield little...

Why Modi's five-day US trip may be a near complete waste of time

Sep 23, 2014 at 11:54 | Source: FirstPost

One wonders if Narendra Modi has his priorities right. Two critical state elections in Maharashtra and Haryana - are underway where the BJP's position is far from rosy and he is heading for the US for a five-day official visit that will yield little...

Asia Relieved as China Flash PMI Beats Low Expectations

Sep 23, 2014 at 10:00 | Source: NDTV Profit

Sydney: Asian shares recouped early losses on Tuesday while commodities won a break from recent selling pressure after a reading on China's massive factory sector outpaced the market's bleak expectations. The HSBC flash reading on man...

Asia Cheered as China's Factories Defy Doomsters

Sep 23, 2014 at 07:56 | Source: NDTV Profit

Sydney: Asian shares recouped early losses on Tuesday while commodities won a break from recent selling pressure after a reading on China's massive factory sector outpaced the market's bleak expectations. The HSBC flash reading on man...

MCX Gets Till November 2 to Appoint New Managing Director, CEO

Sep 22, 2014 at 22:00 | Source: NDTV Profit

New Delhi: Multi Commodity Exchange (MCX) has been given time till November 2 to appoint a new Managing Director and CEO. "...we have received letter...dated 22nd September from our regulator FMC informing their approval for extension of tim...

China Slowdown Worries Hit World Stocks, Commodities

Sep 22, 2014 at 16:00 | Source: NDTV Profit

London: Concern about a slowdown in China hammered stocks and commodities on Monday while signs of differences between major economic powers on the need to stimulate growth further clouded the outlook. Asian shares fell as investors worried a key&...

Indian commodity bourses see turnover sink 59% in Apr-Aug'14

Sep 22, 2014 at 14:00 | Source: VC Circle

Maximum fall in turnover has been witnessed in bullion, energy, base metals and farm items. The turnover of the commodity bourses fell by about 59 per cent to 24.46 lakh crore during the April-August period of this fiscal on sharp decline in bullion ...

New Zealand PM storms to third term but faces slowing growth ahead

Sep 21, 2014 at 11:30 | Source: FirstPost

WELLINGTON (Reuters) - Prime Minister John Key secured New Zealand's first majority government in almost 20 years on a promise to maintain a strong economy, but slowing growth in China may challenge his outlook and also threaten fiscal discipline.Key...

Mecklai Financial Report: 19 September, 2014

Sep 20, 2014 at 12:22 | Source: Economic Times

DXY Index Greenback yesterday made a high of 84.78 against basket of major currencies and closed near the day?s high at 84.72 after FED announced that the interest rate would remain near zero but bond buying will be ending soon. It was six year high ...

S&P 500 Falls From Record, Alibaba Rallies; Oil Drops

Sep 20, 2014 at 02:01 | Source: Bloomberg

U.S. stocks fluctuated near records amid corporate deals, while Alibaba Group Holding Ltd. rallied in its debut. Commodities declined to a five-year low as oil sank and the dollar advanced. The Standard & Poor's 500 Index rose 0.1 per...

U.S. Stocks Fluctuate as Alibaba Rallies; Oil Declines

Sep 20, 2014 at 00:00 | Source: Bloomberg

U.S. stocks fell, erasing earlier gains as the Russell 2000 Index of small-cap shares tumbled. Commodities declined to a five-year low as oil sank while the dollar advanced. The Standard & Poor's 500 Index fell 0.2 percent at 1:18 p.m...

Kashmir floods and the national media: A saga of shame and cynicism

Sep 19, 2014 at 16:14 | Source: FirstPost

Most of the national media's operating assumptions and world view appear to be premised on ether. That is, they appear to operate in a make believe, airy fairy world.Newsbytes are culled from prominent figures, interviews or statements are twisted an...

Commodities Drop to 5-Year Low as Fed Boosts Rate Outlook

Sep 19, 2014 at 03:57 | Source: Bloomberg

Commodities dropped to the lowest level in more than five years after the Federal Reserve raised its outlook for interest rates, bolstering the dollar and reducing the appeal of raw materials as a store of value. The Bloomberg Commodity Index of 22 ...

Commodities Drop to 5-Year Low as Fed Boosts Rate Outlook

Sep 19, 2014 at 03:57 | Source: Business Week

Commodities dropped to the lowest level in more than five years after the Federal Reserve raised its outlook for interest rates, bolstering the dollar and reducing the appeal of raw materials as a store of value. The Bloomberg Commodity Index of 22 ...

Crude Oil Falls as Rising Dollar Curbs Investment Appeal

Sep 18, 2014 at 22:00 | Source: Bloomberg

West Texas Intermediate and Brent crudes dropped as a stronger dollar curbed the appeal of commodities to investors looking for a store of value. Futures dropped as much as 0.9 percent in New York and 1 percent in London. The dollar reached a six-yea...

FMC Censures NSEL for Misleading Public on Dues Recovery

Sep 18, 2014 at 18:00 | Source: NDTV Profit

New Delhi: Commodity markets regulator FMC has pulled up the scam-hit NSEL for making "deliberate" efforts to mislead public about progress made in the recovery of over Rs 5,689 crore dues from defaulters. Taking strong objection to...

Global stocks gain after Fed, dollar index hits 14-month high

Sep 18, 2014 at 06:30 | Source: FirstPost

NEW YORK (Reuters) - Stock markets around the world closed with modest gains on Wednesday after the U.S. Federal Reserve renewed a pledge to keep interest rates near zero for some time, while bond yields rose and the dollar rallied on expectations of...

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