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Vedanta looks to restart Goa mines by October| Reuters

Jul 29, 2015 at 23:45 | Source: FirstPost

MUMBAI Vedanta Ltd said on Wednesday it expected to restart iron ore mining by October in top exporting Goa province and that talks were continuing with regulators for merging with its cash-rich unit Cairn India (CAIL.NS).The mining and energy group,...

China slides again, Europe follows| Reuters

Jul 28, 2015 at 03:30 | Source: FirstPost

LONDON European stocks and major commodity prices fell hard on Monday as concerns over China dominated financial markets in the wake of the biggest drop in Shanghai shares in eight years.The dollar was weak ahead of the week's main set piece - Wednes...

Chinese regulator vows share support after markets tumble 8.5 percent in a day| Reuters

Jul 28, 2015 at 01:45 | Source: FirstPost

SHANGHAI China said on Monday it was prepared to buy shares to stabilise the stock market and avert "systemic risks", after major indices plunged more than 8 percent in the biggest one-day fall since 2007.The securities regulator also said ...

Global economy - Second half of 2015 begins on shaky note| Reuters

Jul 25, 2015 at 03:30 | Source: FirstPost

LONDON/SYDNEY The global economy started the second half of the year on shaky ground as business activity in the euro zone was weaker than expected and China's vast factory sector appeared to be contracting at the fastest pace in 15 months in July.Th...

Oil falls, heads for fourth weekly loss as China slows| Reuters

Jul 24, 2015 at 23:30 | Source: FirstPost

NEW YORK Brent and U.S. crude fell on Friday as both contracts headed for their fourth straight weekly declines as weak economic data from China added pressure on oil prices.U.S. crude losses follow Thursday's fall into bear market territory, with it...

Weak Chinese economic data, non-functioning Parliament takes toll on Sensex

Jul 24, 2015 at 16:58 | Source: FirstPost

Equity markets went into a correction mode for the second straight session, ending the week on a bearish note as culmination of weak global economic readings and the persisting adjournment of Parliament session stalling key decision-making on the ref...

Stocks slide on Apple's forecast, dollar rebounds| Reuters

Jul 23, 2015 at 01:30 | Source: FirstPost

NEW YORK Global equity markets fell on Wednesday, pulled lower by a weak revenue forecast at Apple Inc, the world's largest company, while a rebounding dollar after its biggest decline in a month weighed on gold and some stocks.Apple (AAPL.O) shares ...

Dollar, world stocks look set for biggest weekly gains in months| Reuters

Jul 18, 2015 at 01:30 | Source: FirstPost

LONDON The dollar headed for its biggest weekly rise since May on Friday as economic data reinforced expectations of a U.S. interest rate hike this year. European shares steadied on the view that Greece will secure a bailout.The dollar hovered near a...

A NASA probe headed to Pluto is carrying the ashes of the man who discovered the planet

Jul 14, 2015 at 08:32 | Source: FirstPost

Cape Canaveral: Come Tuesday, Clyde Tombaugh will pass within 7,800 miles of the icy world he discovered 85 years ago. His ashes are flying on NASA's New Horizons spacecraft on humanity's first journey to Pluto.New Horizons also is carrying a 1991 US...

Slowing China, supply gluts limit upside for commodities in Q3| Reuters

Jul 14, 2015 at 01:45 | Source: FirstPost

LONDON A slowdown in China, a strong dollar and high inventories will limit the upside for commodity price performance in coming months, although leading fund managers still see pockets of value in areas such as refined oil products.The bearish cockt...

It's showtime for Pluto; prepare to be amazed by NASA flyby

Jul 13, 2015 at 08:25 | Source: FirstPost

Cape Canaveral: Pluto, reveal thyself, and Earthlings, enjoy the show.On Tuesday, NASA's New Horizons spacecraft will sweep past Pluto and present the previously unexplored world in all its icy glory.It promises to be the biggest planetary unveiling ...

China bounce ends five-day losing streak for stocks| Reuters

Jul 10, 2015 at 03:30 | Source: FirstPost

LONDON World stocks snapped a five-day losing streak on Thursday, as Beijing halted a rout in Chinese stocks and the Federal Reserve signalled it might be too soon to raise U.S. interest rates.European bourses and bonds made early gains as strong exp...

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...

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 ...

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Sensex yr-end target 26900; cherry-pick pvt banks too: HSBC

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