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India starts up 300,000 bpd Paradip refinery - sources| Reuters

Apr 26, 2015 at 22:15 | Source: FirstPost

NEW DELHI (Reuters) - Indian Oil Corp (IOC.NS), the country's biggest refiner, on Sunday began crude processing at its 300,000 barrel per day (bpd) Paradip refinery and aims to fully commission the plant in six months, two company sources said, poten...

Oil at 2015 high on Saudi-led bombing blitz of Yemen

Apr 24, 2015 at 08:15 | Source: FirstPost

Crude oil prices settled up 3 per cent, hitting 2015 highs, while US gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.Oil buye...

Global shares fall on China margin crackdown, dollar falls| Reuters

Apr 18, 2015 at 03:15 | Source: FirstPost

NEW YORK (Reuters) - Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated after rising U.S. consumer prices failed to ease concerns that the Federal Reserve might delay plans to rais...

Global shares fall on China margin crackdown, dollar eases| Reuters

Apr 18, 2015 at 02:15 | Source: FirstPost

NEW YORK (Reuters) - Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated even as U.S. consumer price data added to the view the Federal Reserve will raise interest rates this year.C...

Global shares fall on China margin crackdown, dollar gains| Reuters

Apr 18, 2015 at 00:45 | Source: FirstPost

NEW YORK (Reuters) - Global equity markets fell on Friday as a crackdown on margin lending in China sent ripples around the world, while the dollar gained on rising U.S. consumer price data that should keep the Federal Reserve on track to raise inter...

Wall St Week Ahead - Investors eye data as stocks approach records

Mar 22, 2015 at 19:15 | Source: FirstPost

REUTERS - Investors enjoying near-record levels for major stock indexes will scrutinize housing data and other economic indicators in the coming week for hints about the timing of U.S. interest rate hikes to see if the rally will continue.Concern abo...

China gold demand to grow over 5 years, but at slower pace -Barclays

Mar 21, 2015 at 00:30 | Source: FirstPost

SINGAPORE (Reuters) - China's share of the global gold market will expand in the next five years as it will be one of the few countries witnessing demand growth, but at a slower pace, Barclays analysts said.Demand from the world's No.2 gold consumer ...

Oil up 5 percent as dollar falls on worry of slow U.S. rate hike

Mar 19, 2015 at 01:48 | Source: FirstPost

NEW YORK (Reuters) - Oil prices jumped as much as 5 percent on Wednesday as the dollar fell after the Federal Reserve indicated it preferred a more gradual path to normalizing U.S. interest rates despite being open to the first rate hike in almost a ...

Indian Oil seeks superior kerosene in unusual move

Mar 18, 2015 at 03:15 | Source: FirstPost

SINGAPORE (Reuters) - Indian Oil Corp (IOC) is seeking 20,000 tonnes of superior kerosene oil for April, which traders said was rare. This came a week after it issued a rare import tender for jet fuel to plug a supply shortfall caused by refinery mai...

Russia a land of plenty, but hard to reach from rebel east Ukraine

Mar 16, 2015 at 01:30 | Source: FirstPost

USPENKA BORDER CROSSING, Ukraine (Reuters) - Looking out over the several hundred cars lined up to cross into Russia from rebel-held eastern Ukraine, Vladimir curses the separatist authorities who he says are forcing people to venture out of the rebe...

Haiti announces dates for presidential, legislative elections

Mar 13, 2015 at 06:30 | Source: FirstPost

PORT-AU-PRINCE (Reuters) - Haiti's electoral council announced dates on Thursday for the Caribbean nation's long overdue legislative and municipal elections, as well as a presidential vote later this year.Elections for two-thirds of the Senate will b...

US envoy to South Korea in stable condition after knife attack

Mar 05, 2015 at 10:32 | Source: FirstPost

Seoul, South Korea: US Ambassador Mark Lippert was in stable condition after a man screaming demands for a unified North and South Korea slashed him on the face and wrist with a knife, South Korean police and US officials said Thursday.Media images s...

Wall Street inches up in wake of February rally

Mar 03, 2015 at 01:45 | Source: FirstPost

NEW YORK(Reuters) - U.S. stocks little changed on Monday, on the heels of the S&P 500's best month in more than three years, as data showed consumer spending remained soft in January and ahead of a report on the manufacturing sector. U.S. consume...

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...

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