Indias export fall 14% in April, shadow over 8% growth expectation
May 16, 2015 at 00:30 | Source:
New Delhi - India's exports slumped for the fifth straight month in April from a year earlier, dragged down by fall in global demand that has cast a shadow over Prime Minister Narendra Modi's goal of achieving over 8 percent growth in 2015/16 fiscal ...
Vedanta Resources takes $4.5 billion writedown as oil drags | Reuters
May 15, 2015 at 03:15 | Source:
Vedanta Resources Plc (VED.L) posted a full-year loss after a sharp drop in crude prices precipitated a $4.5 billion writedown related to its Indian oil and gas business.The company's London-listed shares fell as much as 4 percent early on Thursday b...
Global Markets: Euro at three-month high, bond yields key| Reuters
May 15, 2015 at 02:30 | Source:
LONDON The euro hit a three-month high against the dollar on Thursday, drawing further support from a sustained surge in euro zone government bond yields that again kept global stock markets on the defensive.Investors digested figures from the previo...
Tata Steel says to take $785 million non-cash writedown in Q4| Reuters
May 14, 2015 at 23:30 | Source:
MUMBAI Tata Steel Ltd (TISC.NS) said on Thursday it expected to take a non-cash writedown of about 50 billion rupees ($785.3 million) in the quarter ended March 31, chiefly relating to its loss-making long products business in the United Kingdom.Tata...
Dollar slips, stocks up slightly after soft U.S. data| Reuters
May 14, 2015 at 01:15 | Source:
NEW YORK The dollar index hit its lowest in more than three months while global stock indexes inched up on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon. The S&P 500 ...
Gold up 1 percent on weak dollar, shares; eyes on bond yields| Reuters
May 13, 2015 at 01:15 | Source:
NEW YORK/LONDON Gold rose up to 1 percent on Tuesday as the dollar and European shares suffered from a sell-off in global bond markets, although higher real yields kept prices under $1,200 an ounce. Spot gold XAU= touched a session high of $1,196.60...
Raw sugar extends gains to two-month high, NY cocoa surges| Reuters
May 13, 2015 at 00:45 | Source:
NEW YORK/LONDON Raw sugar futures on ICE rose to a two-month high on Tuesday, climbing for a sixth straight day on short-covering, while New York cocoa extended strong gains to the highest in nearly seven months, getting support from strength in the ...
El Nino threat looms over Asia, India braces for poor monsoon, bad harvest
May 12, 2015 at 14:59 | Source:
Sydney: In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on Tuesday confirmed its return this year.A str...
Lee Alan Johnson new head coach for India under-19 football team
May 12, 2015 at 13:42 | Source:
New Delhi: Englishman Lee Alan Johnson hasbeen roped in as the Head Coach of India's U-19 football team,the All India Football Federation (AIFF) said on Tuesday.Besides managing the U-19 team, 34-year-old Johnson willact as the Head Scout for the nat...
China becomes world's top crude buyer despite economy stuttering| Reuters
May 12, 2015 at 01:45 | Source:
SINGAPORE China overtook the United States as the world's top importer of crude oil for the first time in April, and its purchases are expected to remain strong despite a slowing economy, with far-reaching consequences for global oil and commodities ...
World stocks swept lower as bond rout rocks markets| Reuters
May 08, 2015 at 03:19 | Source:
LONDON (Reuters) - World financial markets were unsettled again on Thursday as a week-long sell-off in benchmark government bonds, stocks and the dollar and a race up in oil prices showed little sign of relenting.Nerves were still jangling in Europe ...