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Oil up sharply, posts first monthly gain since June

Feb 28, 2015 at 02:45 | Source: FirstPost

NEW YORK (Reuters) - Crude oil rose sharply on Friday as Brent and U.S. futures posted their first monthly gains since June, supported by an improving demand outlook and supply outages.On its way to contract expiration, front-month March New York ult...

Gold set to snap 4-week losing run on U.S. policy hopes

Feb 27, 2015 at 07:30 | Source: FirstPost

SINGAPORE (Reuters) - Gold advanced for a third session running on Friday and was on track to end a four-week losing streak, supported by a softer dollar and hopes that the U.S. central bank will not rush to raise interest rates.But the metal is stil...

Global equities fall as oil sinks; dollar rallies

Feb 27, 2015 at 03:30 | Source: FirstPost

NEW YORK (Reuters) - Global equities dipped on Thursday as investor enthusiasm was dampened by a pullback in oil prices related to rising inventories, while the dollar rose as economic data drove expectations that the Federal Reserve will raise inter...

Brent crude up 5 percent as Saudi sees improved demand for oil

Feb 26, 2015 at 05:45 | Source: FirstPost

NEW YORK (Reuters) - Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected.Falling refined products inventories reporte...

Reunions and ransoms - a day online in Myanmar's Rohingya camps

Feb 26, 2015 at 03:31 | Source: FirstPost

THAE CHAUNG, Myanmar (Reuters) - In this teeming camp for displaced Rohingya Muslims in western Myanmar, it's easy to overlook the internet huts. The raw emotion they generate is much harder to ignore.The huts have bamboo walls, thatched roofs and - ...

Oil tumbles as huge supplies raise doubts about rally

Feb 19, 2015 at 05:30 | Source: FirstPost

NEW YORK (Reuters) - The comeback rally in oil paused on Wednesday, with crude prices falling 5 percent or more after traders and investors were overwhelmed by the latest estimates for U.S. supply builds that came in nearly five times above market ex...

Brent tumbles below $60, supply glut raises doubts on rally

Feb 19, 2015 at 03:45 | Source: FirstPost

NEW YORK (Reuters) - The comeback rally in oil paused on Wednesday, with Brent crude falling below $60, as traders took stock of the market's blistering 35 percent gain over the past month despite mounting U.S. supplies.Oil prices were down from open...

Oil tumbles; supply glut raises doubts about month-long rally

Feb 19, 2015 at 02:45 | Source: FirstPost

NEW YORK (Reuters) - The comeback rally in oil paused on Wednesday, with crude prices falling up to 4 percent, as traders took stock of the market's blistering 35 percent gain over the past month despite mounting U.S. supplies.Oil began the day lower...

Indian diesel cargoes head to Australia in rare move - traders

Feb 11, 2015 at 01:15 | Source: FirstPost

SINGAPORE (Reuters) - Indian diesel cargoes are being shipped to Australia in a rare move as rising competition from new Middle East refineries has made it more difficult to land the fuel in India's core traditional markets in Europe and Africa. Die...

Investigators seek clues at deadly New York train crash site

Feb 04, 2015 at 23:30 | Source: FirstPost

MOUNT PLEASANT, N.Y. (Reuters) - Investigators examining the circumstances of a New York commuter train accident that killed six people said on Wednesday they were collecting recording devices from the site where the train hit a vehicle stalled on th...

Kurds retake oil facility in north Iraq, 15 workers still missing

Jan 31, 2015 at 23:45 | Source: FirstPost

KIRKUK, Iraq (Reuters) - Kurdish peshmerga forces retook a small crude oil station near the northern Iraqi city of Kirkuk which Islamic State insurgents seized earlier on Saturday, but the fate of 15 employees remained unclear.Two officials from the ...

Islamic State seizes oil facility in northern Iraq, 15 workers missing

Jan 31, 2015 at 22:15 | Source: FirstPost

KIRKUK, Iraq (Reuters) - Islamic State insurgents on Saturday seized a small crude oil station near the northern Iraqi city Kirkuk where 15 employees were working, and explosions in and around the capital Baghdad killed at least nine people.Two offic...

Visa report better-than-expected profit

Jan 30, 2015 at 07:30 | Source: FirstPost

REUTERS - Visa Inc, the world's largest credit and debit card company, reported a better-than-expected quarterly profit on Thursday as a strengthening U.S. job market and cheaper gasoline prices encouraged people to spend.The company said e-commerce,...

Visa reports better-than-expected quarterly profit

Jan 30, 2015 at 03:30 | Source: FirstPost

(Reuters) - Visa Inc, the world's largest credit and debit card company, reported a better-than-expected quarterly profit on Thursday as a strengthening U.S. job market and cheaper gasoline prices encouraged people to spend.Visa's net income rose to ...

Oil tumbles; US crude prices near 6-year low on record stockpiles

Jan 29, 2015 at 02:30 | Source: FirstPost

NEW YORK (Reuters) - Oil slumped on Wednesday, with U.S. crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market sinc...

Oil pares losses as U.S. stock build less than feared

Jan 28, 2015 at 23:45 | Source: FirstPost

NEW YORK (Reuters) - Oil prices fell on Wednesday after the U.S. government reported record-high crude inventories, but the market did not sell off as much as some thought as weekly supply builds were lower than an industry group had estimated.The U....

Oil politics: Why Obama's Taj visit was cancelled due to Saudi King's death

Jan 27, 2015 at 09:00 | Source: FirstPost

Barack and Michelle Obama were supposed to be in Agra on 27 January, 2015, visiting the Taj Mahal. Instead they will now be going to Saudi Arabia to pay respects to King Salman bin Abdulaziz, the recently crowned King of Saudi Arabia and the family o...

Oil slides despite OPEC talk of a floor

Jan 27, 2015 at 03:49 | Source: FirstPost

NEW YORK (Reuters) - Oil fell in see-saw trade on Monday, with U.S. crude ending at its lowest in nearly six years, as traders discounted comments from OPEC's top official about the market finally finding a bottom. It was an up-and-down session for c...

Oil gains as hopes of price recovery amid cuts in production spending

Jan 22, 2015 at 00:30 | Source: FirstPost

NEW YORK (Reuters) - Oil prices were up about 2 percent on Wednesday on hopes of a recovery as energy firms cut production investments and alleviate the glut that has wiped out more than half its value in the last seven months.OPEC's secretary-genera...

Jaguar to challenge luxury SUVs with F-PACE model in 2016

Jan 13, 2015 at 04:15 | Source: FirstPost

FRANKFURT (Reuters) - British car maker Jaguar, known for its sporty sedans, will launch the F-PACE off-roader in 2016, entering the popular luxury sports utility sector in a departure for the 80-year-old brand.Luxury SUVs have long been built by par...

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