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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...

Wall St weekahead - Cheap gas, holiday sales could fuel retailer shares

Jan 10, 2015 at 22:45 | Source: FirstPost

NEW YORK (Reuters) - Investors hope the lower gasoline cost is putting more money in consumers' wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that's happening.The coming weeks, as the fourth-quarter ...

Oil prices slump again but hover above $50/bl level

Jan 07, 2015 at 07:36 | Source: FirstPost

New York: Global oil markets slumped for a fourth straight session on Tuesday, as mounting worries about a supply glut pressured crude prices, which are down almost 10 percent this week to hit their lowest since spring 2009.Traders said the trend for...

Are low oil prices here to stay?

Jan 05, 2015 at 23:36 | Source: BBC

A review of the best commentary on and around the world... Today's must-read Americans have become used to the bouncing cost of oil over recent years. Prices have spiked, causing angst and political posturing ( Drill, baby, drill and all), and t...

Italy's second 'ghost ship' rescue prompts EU pledge on migrants

Jan 03, 2015 at 23:45 | Source: FirstPost

CORIGLIANO CALABRO, Italy (Reuters) - A cargo ship abandoned by its crew with 359 Syrian refugees on board was towed ashore in Italy on Saturday in the second such rescue this week, prompting calls for stronger European Union action in the face of ne...

Analysis - U.S. opening of oil export tap widens battle for global market

Jan 01, 2015 at 02:15 | Source: FirstPost

WASHINGTON/NEW YORK (Reuters) - The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of ...

Venezuela's Maduro moves foreign minister Ramirez to U.N

Dec 27, 2014 at 02:46 | Source: FirstPost

CARACAS (Reuters) - President Nicolas Maduro named powerful Foreign Minister Rafael Ramirez to a new post as envoy to the United Nations on Friday, saying the appointment would strengthen Venezuela's voice on the world body's Security Council from Ja...

Police officer kills armed black man near Ferguson, Missouri

Dec 24, 2014 at 23:45 | Source: FirstPost

(Reuters) - A white policeman shot dead a black man brandishing a pistol at a suburban St. Louis gasoline station overnight, igniting violence reminiscent of riots over the police killing of an unarmed black teenager in nearby Ferguson, police said o...

Exclusive - Iran's support for Syria tested by oil price drop

Dec 20, 2014 at 00:45 | Source: FirstPost

AMMAN (Reuters) - Syrian businessmen and trade officials say they are worried the economic lifeline provided by Iran is under strain from plunging oil prices, despite public messages of support from Syria's strongest regional ally. Syrian President B...

Peshawar Taliban school attack: Eyewitness accounts

Dec 17, 2014 at 13:37 | Source: BBC

More than 140 people are known to have been killed after Taliban gunmen opened fire inside a school in Peshawar, Pakistan. Most of those who died were children. Details are still emerging of what happened inside the school - here are a number of acco...

Former top planning official jailed for life in China over graft

Dec 10, 2014 at 09:15 | Source: FirstPost

BEIJING (Reuters) - A Chinese court on Wednesday sentenced to life imprisonment the former deputy head of China's top planning agency in a bribery scandal that exposed graft at the highest levels of China's government.The sentence, handed down by a c...

Philippines moves to calm panic-buying as typhoon bears down

Dec 05, 2014 at 03:45 | Source: FirstPost

MANILA (Reuters) - Panic-buying of food broke out in the central Philippines on Thursday and schools and government offices were shut, as provinces yet to recover from last year's devastating super-typhoon Haiyan braced for another category 5 storm.T...

Oil Prices Higher on China's Surprise Rate Cut

Nov 22, 2014 at 02:00 | Source: Wall Street Journal

China's surprise rate cut fanned hopes of increased demand from the world's second-largest crude consumer. Above, a driver fills her car with gasoline in Baoding, China. Zuma Press. By. Tim Puko And. Cassie Werber. Cassie Werber. The ...

Oil Prices Jump on China's Surprise Rate Cuts

Nov 21, 2014 at 22:01 | Source: Wall Street Journal

China's surprise rate cut fanned hopes of increased demand from the world's second-largest crude consumer. Above, a driver fills her car with gasoline in Baoding, China. Zuma Press. By. Tim Puko And. Cassie Werber. Cassie Werber. The ...

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