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Shares subdued by mixed China, euro zone PMI data| Reuters

May 22, 2015 at 00:45 | Source: FirstPost

LONDON World shares hovered near record highs on Thursday after downbeat Chinese manufacturing data kept pressure on Beijing for more stimulus and the Federal Reserve signalled higher U.S. interest rates are still some way off.European markets were l...

Arun Jaitley's disinvestment act is looking better than Pranab's or Chidu's

May 20, 2015 at 20:26 | Source: FirstPost

Finance Minister Arun Jaitley needs to be complimented for correcting 20 years of a stop-go approach to disinvestment, where the Centre wakes up to the need to sell public sector shares only after half the year is over. Not surprisingly, disinvestmen...

World shares set for weekly gain as bonds stabilise| Reuters

May 16, 2015 at 03:45 | Source: FirstPost

LONDON Global shares were on track for a weekly rise on Friday, with Europe following Asia higher, as bond-market jitters eased after a rollercoaster unwind of bets linked to the European Central Bank's stimulus plan.European bond yields were down ac...

Vedanta Resources takes $4.5 billion writedown as oil drags | Reuters

May 15, 2015 at 03:15 | Source: FirstPost

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...

Forget Uranium. Real reason behind PM Modis Mongolia visit is China

May 09, 2015 at 19:45 | Source: FirstPost

Prime Minister Narendra Modi has made a master move in deciding to undertake an official visit to Mongolia next week.Mongolia has never been on the radar screens of any Indian Prime Minister from Jawahar Lal Nehru onwards. But Modi will change this f...

World stocks swept lower as bond rout rocks markets| Reuters

May 08, 2015 at 03:19 | Source: FirstPost

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 ...

Look what the 3D printer just cooked up: Hi-tech airplane parts

May 07, 2015 at 11:13 | Source: FirstPost

3D printing has seen many applications in the recent past - ranging from 3D printed biomedical devices and implants to perfectly functioning guns. In an industry first, aircraft manufacturer Airbus used more than a thousand flight parts for its A350 ...

Vedanta's loss widens to Rs 19,228 cr due to massive Cairn India writeoff

Apr 30, 2015 at 11:33 | Source: FirstPost

Vedanta Ltd reported a consolidated net loss of Rs 19,228.12 crore in the quarter ended March 31 due to impairment charge relating largely to Cairn India acquisition goodwill.The company in the period under review wrote off Rs 19,180 crore as non-cas...

For hard-hit silver miners, gold is the silver lining| Reuters

Apr 28, 2015 at 04:30 | Source: FirstPost

VANCOUVER (Reuters) - Pure-play silver miners, a niche investment market popular with retail investors, are moving up the endangered list.Buffeted by a 68 percent plunge in the price of silver since 2011, miners who traditionally made most of their m...

Barrick will not suspend copper mine as Zambia backs down on royalties| Reuters

Apr 24, 2015 at 05:30 | Source: FirstPost

LUSAKA (Reuters) - Barrick Gold Corp (ABX.TO), the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties.Zambia's ca...

Of dead cows and Dalits: Revisiting Babasaheb Ambedkar's inconvenient history of caste conversion

Apr 14, 2015 at 13:30 | Source: FirstPost

"He saw the universal brotherhood of Islam uniting just Muslims. He was critical of the spirit of aggression of political Islam that takes advantage of the weakness of Hindus and follows gangsterism," declared Prafulla Ketkar, editor of the...

Of dead cows and Dalits: Revisiting Ambedkar's inconvenient history of caste conversion

Apr 14, 2015 at 11:56 | Source: FirstPost

"He saw the universal brotherhood of Islam uniting just Muslims. He was critical of the spirit of aggression of political Islam that takes advantage of the weakness of Hindus and follows gangsterism," declared Prafulla Ketkar, editor of the...

Here's why the World Cup Cricket final was a lesson in investing

Mar 31, 2015 at 21:14 | Source: FirstPost

The 50 over cricket World Cup final turned out to be a damp squib, much like most of the World Cup as well. Batting first New Zealand made just 183 runs. With such a low score it was more likely than not that Australia would win. But many posts spran...

Here's why World Cup Cricket final was a lesson in investing

Mar 31, 2015 at 14:29 | Source: FirstPost

The 50 over cricket World Cup final turned out to be a damp squib, much like most of the World Cup as well. Batting first New Zealand made just 183 runs. With such a low score it was more likely than not that Australia would win. But many posts spran...

Dollar resumes slide; stocks, oil prices rebound

Mar 24, 2015 at 02:15 | Source: FirstPost

NEW YORK (Reuters) - The dollar fell further on Monday, adding to its steepest weekly drop in 3-1/2 years after the Federal Reserve indicated last week that a rate hike is likely to come later rather than sooner, again helping drive up oil prices and...

Global markets - Dollar resumes slide; stocks, oil prices rebound

Mar 24, 2015 at 00:30 | Source: FirstPost

NEW YORK (Reuters) - The dollar fell further on Monday, adding to its steepest weekly drop in 3-1/2 years after the Federal Reserve indicated last week that a rate hike is likely to come later rather than sooner, a view that helped drive up oil price...

Global markets - Dollar resumes decline; stocks, oil prices rebound

Mar 23, 2015 at 23:15 | Source: FirstPost

NEW YORK (Reuters) - The dollar resumed its fall on Monday after its steepest weekly drop in 3-1/2 years, driving up oil prices and U.S. stocks after the Federal Reserve indicated last week that an expected rate hike is likely to come later rather th...

Sharp decline in U.S. dollar lifts stocks, oil

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

NEW YORK (Reuters) - The U.S. dollar fell sharply on Friday and posted its biggest weekly decline against the euro in more than three years, helping to drive a rally in Wall Street stocks and crude oil. The Nasdaq posted its highest close in 15 years...

World stocks roar Fed approval, dollar fights back

Mar 19, 2015 at 23:45 | Source: FirstPost

LONDON (Reuters) - World shares rose back towards all-time highs and a slump then a jump in the dollar triggered wild moves in currency markets on Thursday, as investors priced in a later start and a slower pace for future U.S. rate rises.European sh...

Global stocks mostly end down ahead of Fed; oil falls

Mar 18, 2015 at 02:45 | Source: FirstPost

NEW YORK (Reuters) - Stocks mostly ended lower on Tuesday as investors turned their focus to the Federal Reserve's two-day policy meeting, which is being closely watched for signs of when the U.S. central bank will raise interest rates.Wall Street st...

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