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U.S. crude prices jump 4 percent from 12-year lows, but outlook still bleak| Reuters

Feb 12, 2016 at 07:45 | Source: FirstPost

SINGAPORE U.S. crude prices bounced away from 12-year lows early on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist.U.S....

Asian shares slide as bank fears add to global gloom| Reuters

Feb 12, 2016 at 07:30 | Source: FirstPost

TOKYO Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets.The prices of yen, go...

Gold eyes best week in 4 years as market turmoil boosts haven appeal| Reuters

Feb 12, 2016 at 07:15 | Source: FirstPost

SINGAPORE Gold on Friday clung to sharp overnight gains that pushed the metal to a one-year high, and looked set to post its best week in over four years as stock market turmoil stoked safe haven demand. Stock markets fell worldwide on Thursday on fe...

Gold surges to 1-year high on financial uncertainty | Reuters

Feb 12, 2016 at 05:45 | Source: FirstPost

NEW YORK/LONDON Gold vaulted more than 5 percent on Thursday to a one-year high, on track for its biggest daily jump in more than seven years as financial uncertainty, a lower dollar and tumbling stock prices around the world prompted investors to se...

U.S. oil hits 12-year low on stockpile surge, risk aversion| Reuters

Feb 12, 2016 at 03:30 | Source: FirstPost

NEW YORK U.S. crude slid on Thursday, hitting 12-year lows as domestic stockpiles grew, Goldman Sachs called for depressed prices until the second half of the year and investors fled from equities and other risky assets into safe havens such as gold....

Gold surges to one-year high on financial uncertainty | Reuters

Feb 12, 2016 at 03:15 | Source: FirstPost

NEW YORK/LONDON Gold vaulted more than 5 percent on Thursday to a one-year high, on track for its biggest daily jump in more than seven years as financial uncertainty, a lower dollar and tumbling stock prices around the world prompted investors to se...

Banks weigh down Wall St on fears over growth, interest rates| Reuters

Feb 12, 2016 at 02:45 | Source: FirstPost

NEW YORK Bank shares dragged Wall Street lower on Thursday on concerns the slowing global economy will continue to pressure down interest rates, while energy shares helped pare losses on a report that OPEC may move to cut oil production.The S&P 5...

Gold surges to 1-year high on financial uncertainty fears| Reuters

Feb 12, 2016 at 02:15 | Source: FirstPost

LONDON Gold surged more than 4 percent on Thursday to its highest in a year as fears about financial uncertainty, a lower dollar and U.S. Treasury yields persuaded investors to seek refuge in the precious metal.Traders said financial instability fear...

India gold futures rise to near 2-year high on global cues, weaker rupee| Reuters

Feb 12, 2016 at 01:45 | Source: FirstPost

MUMBAI Indian gold futures surged more than 3 percent on Thursday to their highest level in nearly two years, tracking gains in the overseas market and the rupee's depreciation.At 1114 GMT, the most active April contract was trading up 3.3 percent at...

S&P, Dow down over 10 percent for the year as Wall Street sinks| Reuters

Feb 12, 2016 at 00:15 | Source: FirstPost

Investors dumped U.S. stocks across the board on Thursday, pushing the S&P 500 and the Dow Jones industrial average down more than 10 percent for the year, on fears over the health of the global economy.At its lowest on Thursday, the Nasdaq was 1...

Wall St tumbles; S&P, Dow down 10 pct for the year| Reuters

Feb 11, 2016 at 23:15 | Source: FirstPost

Wall Street was off more than 1 percent on Thursday, pushing the S&P 500 and the Dow Jones industrial average down 10 percent for the year, as investors jettisoned stocks and scurried toward safer shores.All 10 S&P major sectors were in the r...

India crush Sri Lanka to clinch gold in women's hockey at South Asian Games

Feb 11, 2016 at 22:35 | Source: FirstPost

Guwahati: A rampaging India stamped their formidable superiority in women's hockey in the region as they steamrolled Sri Lanka 10-0 in the summit clash to clinch gold in the 12th South Asian Games here today.Rani Rampal struck four times as India con...

FinMin seeks public vote on fund allocation for social schemes

Feb 11, 2016 at 16:29 | Source: FirstPost

New Delhi: Finance Ministry has come up with fresh set of voting options to seek public opinion on prioritising funding allocation for social sector schemes in the Budget for 2016-17.The netizens would have the option to give their preference on Twit...

Asia stocks subdued, safe-haven bonds still rule| Reuters

Feb 11, 2016 at 06:45 | Source: FirstPost

SYDNEY Asian shares sputtered on Thursday as U.S. Federal Reserve Chair Janet Yellen's tone of guarded optimism led to an indecisive finish for Wall Street and further weakness for the dollar.While European banks found a moment of stability, a renewe...

S&P 500 erases gains on global growth fears; Europe stocks rise| Reuters

Feb 11, 2016 at 04:45 | Source: FirstPost

NEW YORK Most U.S. shares ended little changed to lower on Wednesday, erasing early gains on concerns about global growth and sliding commodity-related shares, while greater calm surrounding the European banking sector boosted that region's shares.Th...

Gold steadies below seven-and-a-half month high after Yellen comments| Reuters

Feb 11, 2016 at 02:15 | Source: FirstPost

NEW YORK/LONDON Gold prices stabilized below a 7-1/2-month high on Wednesday after U.S. Federal Reserve Chair Janet Yellen said that only "gradual" adjustments to monetary policy were likely and stressed that global headwinds could hurt U.S...

Shares gain on Yellen comments, reduced bank fears| Reuters

Feb 11, 2016 at 01:30 | Source: FirstPost

NEW YORK Stock indexes worldwide rebounded on Wednesday after comments from Federal Reserve Chair Janet Yellen eased concerns about the U.S. economy, while greater calm surrounding the European banking sector boosted that region's shares. Yellen ackn...

Land of Gold: Anoushka Shankar's new album to release on April 1

Feb 10, 2016 at 11:26 | Source: FirstPost

New Delhi:Internationally acclaimed sitarist Anoushka Shankar, who has been nominated for a Grammy award this year, is coming up with a new album Land of Gold, which will release on April 1.The album focuses on the refugee crisis and will be released...

Goldman Sachs says metals set to underperform oil, cuts price forecasts| Reuters

Feb 10, 2016 at 03:15 | Source: FirstPost

Goldman Sachs on Monday said metals, particularly copper and aluminum, are set to underperform oil in the near future on subdued global demand growth and a sluggish Chinese economy."Around mid-2016 and through 2017, we expect that the oil market...

Shares extend losses on fears over global growth, banks| Reuters

Feb 10, 2016 at 01:30 | Source: FirstPost

NEW YORK Stock indexes worldwide tumbled for the third straight session on Tuesday on fears of slowing global growth, with particular concern around the health of the banking sector, while benchmark U.S. Treasury yields hit fresh one-year lows. The E...

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