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China relief fuels Wall St gains; Apple drops | Reuters

Jul 10, 2015 at 02:45 | Source: FirstPost

U.S. stocks closed higher on Thursday after Wall Street found relief in Beijing's efforts to halt a rout in Chinese stocks, which lifted markets around the world.Shares of Apple bucked the market and logged their first five-day losing streak since Ja...

Oil bounces on China shares rebound, economic data| Reuters

Jul 10, 2015 at 02:30 | Source: FirstPost

LONDON Crude oil prices bounced on Thursday on strong economic data from Japan and Germany, and as Chinese shares picked up after the government launched new steps to halt a rout in its stock markets.Front-month U.S. crude futures were up 80 cents at...

IMF lowers global growth forecasts, cites U.S. weakness| Reuters

Jul 10, 2015 at 00:15 | Source: FirstPost

WASHINGTON The International Monetary Fund on Thursday trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States.But the global financial institution said growth prospects fo...

Wall St rebounds after Chinese stocks stem slide| Reuters

Jul 09, 2015 at 23:45 | Source: FirstPost

U.S. stocks were higher in early afternoon on Thursday as Beijing's efforts to halt a rout in Chinese stocks lifted markets around the world.U.S. stocks had fallen sharply on Wednesday as market turmoil in China, a rout in commodity prices, the Greek...

BRICS vow to coordinate actions to protect their economies| Reuters

Jul 09, 2015 at 23:15 | Source: FirstPost

UFA, Russia, The BRICS emerging nations said on Thursday they were worried about the volatility of global financial markets and oil prices and agreed to coordinate efforts to keep their economies stable. Leaders of Brazil, Russia, India, China and S...

Money, rules, deals: All you need to know about the ISL 2015 auction and draft

Jul 09, 2015 at 21:45 | Source: FirstPost

The Indian Super League's Indian player draft and auction will see eight clubs vie for 123 players for the second season which starts on 3 October. Out of these 123, ten names will be auctioned these include the likes of Sunil Chhetri and Jackichand...

China's loss can be India's gain: Modi must press the accelerator now

Jul 09, 2015 at 21:27 | Source: FirstPost

The crash in the Chinese stockmarket - a 30 percent fall in as many days - is yet another opportunity for India. This is because the resultant global fall in commodity prices will benefit us. We need to remember a simple law: as a huge net importer o...

India to beat China again as fastest-growing in 2016: IMF

Jul 09, 2015 at 20:56 | Source: FirstPost

Washington: India will be the world's fastest growing economy for the second consecutive year in 2016 at 7.5 percent, IMF today said, even as it lowered its current year global economy growth forecast to 3.3 percent.In its World Economic Outlook Upda...

Money, deals, rules: All you need to know before the ISL 2015 auction and draft

Jul 09, 2015 at 19:18 | Source: FirstPost

The Indian Super League's Indian player draft and auction will see eight clubs vie for 123 players for the second season which starts on 3 October. Out of these 123, ten names will be auctioned these include the likes of Sunil Chhetri and Jackichand...

China impact: Falling commodity prices may scuttle Vedanta-Cairn merger plans

Jul 09, 2015 at 16:48 | Source: FirstPost

The proposed Vedanta-Cairn merger is likely to be a collateral damage of the Chinese economic woes and the resultant global commodity price decline as the fall in share value of the former has been steeper than the latter, which is likely to unsettle...

Book excerpt from Shashi Tharoor's Riot: Communal violence and victims galore

Jul 09, 2015 at 16:26 | Source: FirstPost

Editor's Note: 24-year-old Priscilla Hart, an American woman volunteering with an NGO in a remote northern town of India, is stabbed to death during a Hindu-Muslim riot. The news of her death makes it to al big international newspapers American Slai...

China's loss can be India's gain: PM Modi must press the accelerator now

Jul 09, 2015 at 13:50 | Source: FirstPost

The crash in the Chinese stockmarket - a 30 percent fall in as many days - is yet another opportunity for India. This is because the resultant global fall in commodity prices will benefit us. We need to remember a simple law: as a huge net importer o...

Asia extends losses as China woes spread, yen shoots up| Reuters

Jul 09, 2015 at 06:30 | Source: FirstPost

TOKYO Asian equities extended losses on Thursday as concerns over China's market turmoil spread,while the safe-haven yen shot to a seven-week high as global risk appetite ebbed.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS ...

Wall Street set to open lower on China, Greece worries| Reuters

Jul 09, 2015 at 01:45 | Source: FirstPost

REUTERS - U.S. stocks were set to open lower on Wednesday as Chinese markets slid further and as investors continue to keep a wary eye on developments in the Greek debt crisis.Beijing unveiled yet another battery of measures to arrest the sell-off an...

NYSE suspends trading temporarily due to technical glitch, trading in other exchanges on

Jul 08, 2015 at 22:44 | Source: FirstPost

Trading in all securities were halted on the New York Stock Exchange on Wednesday following earlier reports of technical difficulties, although NYSE-listed issues was still trading on other exchanges.After the halt, US stocks extended their losses, b...

Sensex mauled by China sell-off, ends 484 points lower; metals take pounding

Jul 08, 2015 at 16:51 | Source: FirstPost

Even as stock markets world over, including India, continue to struggle due to the ongoing standoff between the debt-ridden Greece and its European Union creditors, another major storm which was brewing for sometime in the Dragon country came to the ...

Calm down, Indian stocks falling 500 pts is over-reaction; China's not really a worry now

Jul 08, 2015 at 15:00 | Source: FirstPost

By Rajesh Padanthil and Prasanna DeshpandeChinese stock markets are falling and it is taking a toll on global markets. The Shanghai composite index fell 8 percent today at the opening, extending a 30 percent decline it already witnessed over a month ...

Calm down, Sensex falling 500 pts is over-reaction; China's not really a worry now

Jul 08, 2015 at 14:27 | Source: FirstPost

By Rajesh Padanthil and Prasanna DeshpandeChinese stock markets are falling and it is taking a toll on global markets. The Shanghai composite index fell 8 percent today at the opening, extending a 30 percent decline it already witnessed over a month ...

Calm down, Sensex falling 500 points is over-reaction; China's not really a worry now

Jul 08, 2015 at 13:20 | Source: FirstPost

By Rajesh Padanthil and Prasanna DeshpandeChinese stock markets are falling and it is taking a toll on global markets. The Shanghai composite index fell 8 percent today at the opening, extending a 30 percent decline it already witnessed over a month ...

Oil sinks again, U.S. crude down 2 percent amid investor flight| Reuters

Jul 08, 2015 at 02:15 | Source: FirstPost

NEW YORK U.S. crude tumbled about 2 percent on Tuesday, sinking for a second straight day as investors fled to safe havens on worries about a near-bankrupt Greece and China's stock market losses and as technical selling threatened to push oil into a ...

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