Falling metal prices hit Hindalco hard; Q3 net falls 89% to Rs 41 cr
Feb 10, 2016 at 11:17 | Source:
Aditya Birla Group firm Hindalco Industries on Tuesday reported an 88.7 percent plunge in standalone net profit to Rs 40.5 crore for the quarter ending 31 December 2015 due to a sharp fall in metal prices.The company had reported a standalone net pro...
U.S. stocks rise for second day; materials a boost| Reuters
Feb 05, 2016 at 03:45 | Source:
A jump in materials shares helped U.S. stocks eke out a second straight day of gains on Thursday, though disappointing forecasts from retailers and anxiety ahead of Friday's jobs report limited the advance. The S&P 500 materials index .SPLRCM ros...
Stocks fight back as oil pinballs back above $30| Reuters
Jan 26, 2016 at 19:45 | Source:
LONDON Markets went on another rollercoaster ride on Tuesday as hopes that big oil producers may start tightening supply drove crude oil prices higher and pulled stocks out of a worldwide dive that included a six-percent plunge in China.European shar...
Equities whacked by oil tumble; bear confirmation nears| Reuters
Jan 21, 2016 at 01:30 | Source:
NEW YORK Global equity markets dropped to their lowest levels in 2-1/2 years on Wednesday to put them on pace for one of the most dismal monthly performances on record, as oil once again tumbled to 13-year lows.The MSCI World equity index slumped 3.4...
Gold holds up on weak equities, platinum near seven-year low| Reuters
Jan 19, 2016 at 07:15 | Source:
MANILA Gold steadied in early deals on Tuesday as weaker stock and oil prices pushed investors towards safe-haven assets, but slow physical demand in Asia kept bullion under $1,100 an ounce. FUNDAMENTALS* Spot gold was little changed at $1,089.20 an ...
Asian shares skid as crude oil plumbs 12-year lows| Reuters
Jan 14, 2016 at 08:45 | Source:
TOKYO Asian shares skidded on Thursday in the wake of steep losses on Wall Street, while a rout in oil and commodities prices, with crude plumbing 12-year lows, heightened fears about the global economy. U.S. crude prices were were last down slightl...
Shares, oil recover as Europe shrugs off China money market surge| Reuters
Jan 13, 2016 at 00:45 | Source:
LONDON Stocks rose in Europe on Tuesday, lifted by a recovery in oil prices, but after a slump in crude to a fresh 12-year low and a dramatic surge in offshore Chinese yuan deposit rates had earlier rattled investors.Weak British industrial productio...
Global - Oil plunges, Wall Street drops, China woes deepen| Reuters
Jan 12, 2016 at 03:30 | Source:
NEW YORK Wall Street and European stock markets fell on Monday, worsening a brutal start to 2016, as a plunge in beaten-down oil prices and a fresh tumble for Chinese shares gave investors more reasons to sell.After rising in morning trading, the maj...
Dow off to worst January start ever as China fears grow| Reuters
Jan 08, 2016 at 05:15 | Source:
U.S. stocks sold off further on Thursday, giving the Dow its worst start to a year since the 30-stock index was created in 1928, dragged down by another drop in Chinese equities and oil prices at 12-year lows.China allowed the biggest fall in the yua...
Wall Street sinks as China fears grow, oil slides further| Reuters
Jan 08, 2016 at 02:30 | Source:
U.S. stocks extended recent sharp losses on Thursday, putting the Dow on track for its worst start to a year in more than a century, as market volatility in China and a relentless slide in oil prices rattled investors.China allowed the biggest fall i...
Global - Asia shares fall again, need China support| Reuters
Jan 05, 2016 at 07:15 | Source:
SYDNEY Asian share markets were on the ropes for a second straight session on Tuesday as investors waited anxiously to see if Beijing can head off the latest selling stampede in Chinese stocks.An unnerving combination of global economic concerns and ...
Life meets death in Egypt's Cairo Necropolis| Reuters
Dec 31, 2015 at 00:31 | Source:
CAIRO In a sprawling Cairo neighborhood known as the City of the Dead, life and death are side by side.Amid a housing crisis in Egypt, and with the population of the capital estimated at 20 million, thousands of people count themselves lucky to call ...