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Global - Oil plummets to $29, dragging world stocks lower| Reuters

Jan 16, 2016 at 01:15 | Source: FirstPost

NEW YORK Oil prices plummeted to $29 a barrel Friday on the likely resumption soon of Iranian oil exports into an already flooded market as international sanctions against Iran are lifted, dragging equity indices around the world sharply lower.Unsett...

Wall Street swoons on China shock, oil slide| Reuters

Jan 08, 2016 at 00:15 | Source: FirstPost

U.S. stocks were sharply lower on Thursday as market volatility in China and a relentless slide in oil prices unnerved investors, extending the shaky start to the year.China allowed the biggest fall in the yuan in five months, and Shanghai stocks wer...

Wall Street hit by China tumult, oil slide| Reuters

Jan 07, 2016 at 23:15 | Source: FirstPost

U.S. stocks were lower on Thursday, but off their session lows, as market volatility in China and a relentless slide in oil prices unnerved investors, already jittery after a shaky start to the year.China allowed the biggest fall in the yuan in five ...

Unconverted: Contrarian economist unswayed by Feds liftoff | Reuters

Dec 25, 2015 at 02:15 | Source: FirstPost

NEW YORK In the spring of 2014, Mizuho Securities USA's chief economist Steven Ricchiuto planted his flag for the projected date of the Federal Reserves first post-crisis rate hike in mid-2016, further into the future than any of his peers. And he ne...

U.S. short-term interest-rate futures contracts drop after Fed| Reuters

Dec 17, 2015 at 01:30 | Source: FirstPost

U.S. short-term interest-rate futures contracts fell on Wednesday after the Federal Reserve raised its benchmark interest rate for the first time since the financial crisis and forecast further rate hikes would be gradual. The wording of the Fed's po...

Indian industry group to launch first physical gold exchange| Reuters

Dec 09, 2015 at 00:30 | Source: FirstPost

MUMBAI A bullion association in India is planning to launch the country's first physical gold trading exchange, in an attempt to bring transparency to the market for the precious metal in the world's second biggest consumer.The Mumbai-based India Bul...

Wall Street falls as weak Chinese data, oil slump weigh| Reuters

Dec 09, 2015 at 00:15 | Source: FirstPost

Wall Street was lower on Tuesday as oil prices steadied but hovered near their 7-year low and weak Chinese trade data reignited fears of a global economic slowdown.U.S. crude fell below $37 per barrel and Brent below $40 for the first time since earl...

Wall Street set to open lower on China trade data, oil slide | Reuters

Dec 08, 2015 at 23:45 | Source: FirstPost

Wall Street looked set to open lower on Tuesday as weak trade data out of China reignited fears of a global economic slowdown and oil prices continued to slide. Data showed China's imports fell for the 13th consecutive month, with an 8.7 percent d...

Wall Street falls on weak Chinese data, oil slump| Reuters

Dec 08, 2015 at 23:30 | Source: FirstPost

Wall Street slipped on Tuesday as oil prices steadied but remained close to their 7-year low and weak Chinese trade data reignited fears of a global economic slowdown.U.S. crude fell below $37 per barrel and Brent below $40 for the first time since e...

Wall Street jumps as jobs data underscores U.S. economic strength| Reuters

Dec 05, 2015 at 02:15 | Source: FirstPost

U.S. stocks jumped more than 2 percent on Friday as U.S. jobs data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month.Nine of the 10 major S&P 500 sectors were higher. The energy index .SPNY dipped on news t...

Wall Street rallies as jobs data points to strong economy| Reuters

Dec 05, 2015 at 01:45 | Source: FirstPost

The Dow Jones industrial average rose about 2 percent on Friday, its biggest gain in three months, after U.S. jobs data suggested the economy was robust enough for the Federal Reserve to raise interest rates for the first time in nearly a decade.The ...

Fed's Yellen faces battle in 2016 after getting all clear for December hike| Reuters

Dec 05, 2015 at 01:30 | Source: FirstPost

WASHINGTON Federal Reserve Chair Janet Yellen has the clear signs she wanted of labor market healing to push ahead with the first U.S. rate rise in a decade in December, but may have a tougher time selling further hikes to a skeptical board.Yellen's ...

US Fed shruggs off global economic woes, once again signals rate hike in December

Oct 29, 2015 at 11:27 | Source: FirstPost

Washington: The U.S. Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next policy meeting put a December rate hike firmly in play.Investors had expected the Fed to remain pat on rates, but the overt referenc...

U.S. Fed puts December rate hike firmly on the agenda | Reuters

Oct 29, 2015 at 01:15 | Source: FirstPost

WASHINGTON The U.S. Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next policy meeting put a December rate hike firmly in play.Investors had expected the Fed to remain pat on rates, but the overt reference...

Fed puts December firmly on the agenda for rate hike | Reuters

Oct 29, 2015 at 00:15 | Source: FirstPost

WASHINGTON The U.S. Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next meeting put a December rate hike firmly in play.Investors had expected the Fed to remain pat on rates, but the overt reference to Dec...

Asian shares extend October rally; dollar slips| Reuters

Oct 13, 2015 at 01:45 | Source: FirstPost

HONG KONG Asian shares rose on Monday, extending an October rally, as investors hunted for bargains in industrials and basic materials, fuelled by a rebound in commodities while the dollar struggled as hopes of a Fed rate rise this year faded. Europe...

Fed begins two-day meeting, result seen too close to call| Reuters

Sep 17, 2015 at 03:30 | Source: FirstPost

WASHINGTON The Federal Reserve began a two-day policy meeting on Wednesday with economists evenly split on whether Thursday will see the first official U.S. interest rate rise since 2006.The decision by the U.S. central bank's Federal Open Market Com...

Operation to steady China stocks a success, but patient comatose| Reuters

Sep 09, 2015 at 03:15 | Source: FirstPost

SHANGHAI/HONG KONG Tough medicine for China's ailing stock markets has brought stability to prices, at least for now, but it has come at a cost; equities and futures are trading so thinly that they are in danger of flat lining.Intraday volumes on key...

Oil falls more than three percent on oversupply, China equity losses| Reuters

Sep 08, 2015 at 01:15 | Source: FirstPost

LONDON Oil fell more than 3 percent on Monday, hit by weaker Chinese equities and record North Sea crude production data that added to global oversupply concerns. China's main indexes closed down on Monday as investors sold shares in the aftermath of...

China stocks jump on U.S. rally, yuan edges up| Reuters

Aug 28, 2015 at 04:45 | Source: FirstPost

HONG KONG/SHANGHAI China's turbulent stock markets rose sharply on Thursday, helped by a strong rebound on Wall Street on expectations that the U.S. Federal Reserve will respond to days of China-led volatility by delaying an expected interest rate ri...

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