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Falling metal prices hit Hindalco hard; Q3 net falls 89% to Rs 41 cr

Feb 10, 2016 at 11:17 | Source: FirstPost

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...

Goldman Sachs says metals set to underperform oil, cuts price forecasts| Reuters

Feb 10, 2016 at 03:15 | Source: FirstPost

Goldman Sachs on Monday said metals, particularly copper and aluminum, are set to underperform oil in the near future on subdued global demand growth and a sluggish Chinese economy."Around mid-2016 and through 2017, we expect that the oil market...

U.S. stocks rise for second day; materials a boost| Reuters

Feb 05, 2016 at 03:45 | Source: FirstPost

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...

Vedanta posts 99 pct slump in quarterly profit on weak commodity prices | Reuters

Jan 29, 2016 at 00:15 | Source: FirstPost

MUMBAI Indian resources group Vedanta Ltd (VDAN.NS) posted a 99 percent plunge in third-quarter profit on Thursday due to lower global commodity prices, although it beat analysts' forecasts for a net loss.The company said it expects its cost-cutting ...

Rio Tinto sells Australia coal mine to Indonesia's Salim for $224 million| Reuters

Jan 27, 2016 at 04:45 | Source: FirstPost

MELBOURNE Global miner Rio Tinto Plc (RIO.L)(RIO.AX) has agreed to sell one of its last remaining coal mines in Australia to a group owned by Indonesia's third-richest man, Anthoni Salim, continuing an exit from coal as it battles a sharp slump in pr...

Stocks fight back as oil pinballs back above $30| Reuters

Jan 26, 2016 at 19:45 | Source: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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 - Asian shares shaky, oil near 12-year low on China worries| Reuters

Jan 12, 2016 at 06:45 | Source: FirstPost

TOKYO Asian shares hovered near four-year lows and oil prices languished at near 12-year lows on Tuesday as investors fretted over whether Beijing may be losing control of the economy.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0...

Global - Oil plunges, Wall Street drops, China woes deepen| Reuters

Jan 12, 2016 at 03:30 | Source: FirstPost

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: FirstPost

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: FirstPost

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...

World stocks, oil bashed by China worries, North Korea nuclear test| Reuters

Jan 07, 2016 at 04:45 | Source: FirstPost

LONDON World stocks fell for a fifth day on Wednesday as China fuelled fears about its economy by allowing the yuan to weaken further and a nuclear test by North Korea added to a growing list of geopolitical worries.European markets followed Asia int...

Global - Asia shares fall again, need China support| Reuters

Jan 05, 2016 at 07:15 | Source: FirstPost

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 ...

CAG indicts national pollution control body over its apathy to e-waste management

Jan 04, 2016 at 11:39 | Source: FirstPost

By ?Rakesh BhatnagarThe national auditing authority has slammed the Central Pollution Control Board (CPCB) for its lackadaisical attitude in the disposal of ever-increasing electronic waste in the country as it neither had access to the basic informa...

Commodities - Ending of China's super-boom spells pain with no end seen yet| Reuters

Jan 02, 2016 at 20:15 | Source: FirstPost

SINGAPORE A decade-old commodity boom came crashing to an end in 2015, hurting energy and mining companies and punishing prices as China's industrial rise and appetite for raw materials slowed. The outlook for 2016 is not much better.The Thomson Reut...

Stocks slip, close year mixed; oil ends ugly 2015 with slight gain| Reuters

Jan 01, 2016 at 03:45 | Source: FirstPost

NEW YORK Stock and bond markets in major economies closed 2015 with a mixed performance, while oil prices and emerging markets cemented big losses during a year that provided few safe places for investors. While equity markets in Japan and Western E...

Life meets death in Egypt's Cairo Necropolis| Reuters

Dec 31, 2015 at 00:31 | Source: FirstPost

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 ...

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