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Brent crude seesaws but heads for 10 percent weekly gain| Reuters

Apr 18, 2015 at 00:30 | Source: FirstPost

NEW YORK (Reuters) - Brent crude seesawed, while U.S. crude fell on Friday after both contracts rallied to 2015 peaks the previous session, and turmoil in Yemen and the region limited losses.Brent was on pace to post a double-digit percentage gain fo...

Bloomberg outage hits financial markets| Reuters

Apr 17, 2015 at 23:30 | Source: FirstPost

LONDON (Reuters) - A two-hour outage at news and market data provider Bloomberg LP hit financial markets around the world on Friday, prompting debt sales to be postponed and exacerbating a spike in volatility in European stocks."We experienced a...

Fed opens door for rate hike even as it downgrades economic outlook

Mar 19, 2015 at 00:15 | Source: FirstPost

WASHINGTON (Reuters) - The Federal Reserve on Wednesday moved a step closer to a much anticipated first rate hike since 2006 by removing "patient" from its language, although markets bet on a September hike after it downgraded the expected ...

Wall St Weekahead - Investors in 'patient panic' over Fed language

Mar 15, 2015 at 23:30 | Source: FirstPost

REUTERS - Forget the 2013 "taper tantrum." U.S. stock markets are in the midst of a "'patient' panic" ahead of Wednesday's Federal Reserve statement, when many investors expect a change in the Fed's language that would send the cl...

Oil turns lower on expectations of crude oil inventory rise

Feb 25, 2015 at 02:45 | Source: FirstPost

NEW YORK (Reuters) - Crude oil futures fell on Tuesday as expectations that this week's reports will show U.S. crude inventories rose again countered supportive news of Libyan oilfields being shut.Prices faltered after being lifted by news the Sarir ...

New ETFs look to counter rising rates with derivatives play

Feb 25, 2015 at 01:45 | Source: FirstPost

NEW YORK (Reuters) - U.S. fund companies are rolling out new exchange-traded funds aimed at customers looking to get ahead of an expected 2015 Federal Reserve rate hike that could sour bond portfolios.The strategies they expect to employ, though, are...

Fed's Yellen flags rate hikes on "meeting-by-meeting" basis

Feb 24, 2015 at 23:15 | Source: FirstPost

WASHINGTON (Reuters) - The Federal Reserve is preparing to consider interest rate hikes "on a meeting-by-meeting basis," Fed Chair Janet Yellen told a congressional committee on Tuesday, a subtle shift of emphasis that helps lay the groundw...

US Fed may raise rate earlier than anticipated on positive job data

Feb 06, 2015 at 20:40 | Source: FirstPost

Traders on Friday added to bets that the Federal Reserve will begin raising rates by mid-year after a government report showed US employers added more jobs than expected last month and wages rose.US employers added the most jobs over a three-month pe...

US Fed seen remaining patient with rate guidance amid global turmoil

Jan 28, 2015 at 17:25 | Source: FirstPost

The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery.The Fed'...

Brent ebbs on growth gloom, U.S. crude aims for parity

Jan 15, 2015 at 01:30 | Source: FirstPost

NEW YORK (Reuters) - Brent crude oil prices dipped on Wednesday, threatening to touch new six-year lows after an unexpected big rise in U.S. crude and fuel inventories and a dimmer view of world economic growth next year.U.S. crude prices gained desp...

Outrage in Britain as Cadbury owner tweaks Creme Egg recipe

Jan 13, 2015 at 01:16 | Source: FirstPost

LONDON (Reuters) - Mondelez International, maker of Cadbury Creme Eggs, has tweaked the recipe of the chocolate shell of its gooey treats ahead of their main Easter selling season, sparking an angry response in Cadbury's home market of Britain. U.S. ...

Most Wall St firms project June 2015 U.S. Fed rate hike - Reuters poll

Jan 10, 2015 at 22:30 | Source: FirstPost

NEW YORK (Reuters) - Many economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by June, even as the markets have been spooked by a five-year low in crude oil prices and wage growth remains weak.Thir...

NCDEX to launch forward contracts in 7 new agri commodities soon

Jan 06, 2015 at 16:34 | Source: FirstPost

New Delhi: Forward Markets Commission today gave approval to agri-commodity bourse NCDEX to launch forward contracts in additional seven commodities including some pulses.The approval has been given to launch both transferable and non-transferable sp...

Scam-tainted Finmeccanica banned from all future India deals: All you need to know

Aug 27, 2014 at 09:20 | Source: FirstPost

The Indian government on Tuesday banned scam-tainted Italian defence firm Finmeccanica from future contracts, but decided to honour the contracts now being carried out with the group and its unit, AgustaWestland.India had earlier cancelled a 560 mill...

Finmeccanica banned from bidding for future military contracts

Aug 26, 2014 at 07:21 | Source: FirstPost

New Delhi: India has banned Finmeccanica from future contracts, a defence ministry source said on Tuesday, as it presses on with an investigation into a scrapped helicopter contract with the Italian company.In January, India cancelled a 560 million e...

India Inc's big guns to pour billions into defence on Modi 'made in India' pledge

Aug 22, 2014 at 09:02 | Source: FirstPost

New Delhi: Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.India, th...

Ukraine conflict: New EU sanctions hit top Putin aides

Aug 01, 2014 at 04:07 | Source: BBC

A former judo sparring partner of Vladimir Putin is among three of the Russian president's close aides on a new EU sanctions list. The EU says billionaire tycoon Arkady Rotenberg runs firms which profited from the 2014 Sochi Winter Olympics. He ...

EU edges to economic sanctions on Russia but narrows scope

Jul 26, 2014 at 00:30 | Source: FirstPost

BRUSSELS (Reuters) - The European Union reached outline agreement on Friday to impose the first economic sanctions on Russia over its behaviour in Ukraine but scaled back their scope to exclude technology for the crucial gas sector.The sanctions on a...

EU readies possible capital, tech sanctions on Russia

Jul 23, 2014 at 02:30 | Source: FirstPost

BRUSSELS (Reuters) - The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine that could inflict wider damage on its economy following the downing of a Malaysian airliner, but it delayed action for a few days.Efforts to for...

High on reforms hopes, FIIs likely to pump up volumes

May 17, 2014 at 05:06 | Source: Economic Times

MUMBAI: Foreign portfolio investors (FIIs) could pump up the volumes in equity markets with their bets of a reforms-oriented government coming true after the BJP-led coalition swept to victory in the 16th Lok Sabha elections, even as domestic institu...

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