Gold falls towards 2nd weekly loss after U.S. payrolls data| Reuters
Sep 05, 2015 at 00:30 | Source:
LONDON Gold prices fell towards a second weekly loss on Friday after U.S. payrolls data failed to allay uncertainty over the prospect of a near-term interest rate hike from the Federal Reserve. Data from the Labor Department on Friday showed that non...
Oil up modestly on volatile Wall Street; awaits jobs, rig data| Reuters
Sep 04, 2015 at 02:15 | Source:
NEW YORK Oil prices inched higher on Thursday in see-saw trade, tracking gains in Wall Street equities for a second straight day despite a weekly build in U.S. crude inventories that weighed on the outlook for oil.Reprising Wednesday's volatility, cr...
Oil up again on Wall Street; volatility after U.S. stockpile hike| Reuters
Sep 03, 2015 at 23:45 | Source:
NEW YORK Crude futures rose for a second straight session on Thursday on the strength of equity markets as a respite in bad news out of China and the potential for more European monetary easing added to risk taking in oil.Trading remained volatile, h...
Euro falls on ECB outlook; world stocks, oil rise | Reuters
Sep 03, 2015 at 23:30 | Source:
NEW YORK The euro fell 1 percent on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary.Oil prices also rose, followi...
RBI to consider deflation while deciding interest rates: Sinha
Sep 03, 2015 at 22:31 | Source:
strong>New Delhi: The Reserve Bank will take into account the domestic and global deflationary trend and take appropriate action on interest rate, Minister of State for Finance Jayant Sinha said today."We have to be very mindful and watchful ...
Services sector improves further on new business orders: PMI
Sep 03, 2015 at 14:51 | Source:
New Delhi: Services sector improved further in August as new orders received by private firms increased at the fastest rate in five months, says a survey. The Nikkei India Services Business Activity Index, which tracks changes in activity at service ...
Syriza falls behind conservatives ahead of Greek election - poll | Reuters
Sep 03, 2015 at 00:46 | Source:
ATHENS Greek leftist Syriza party on Wednesday fell behind its main conservative rivals for the first time since former premier Alexis Tsipras resigned, offering further evidence that his decision to call a snap election could backfire.Syriza is on c...
Why GST may not be worth the heartburn; govt should hasten slowly on it
Sep 02, 2015 at 20:59 | Source:
It is time for a mea culpa from me. Thus far, I have been a supporter though muted of the goods and services tax (GST), touted as the single biggest tax reform of this decade. I have now come to believe that we may have been sold a pup by corporate...
Delhi rape survivor ends lawsuit against Uber in United States court
Sep 02, 2015 at 12:36 | Source:
New York: In a surprise development, a youngIndian woman allegedly raped by an Uber driver in New Delhilast year "voluntarily" dismissed the lawsuit she had filed ina US court against the web-based taxi company.In a very brief notice filed ...
China fears drive down stocks and oil, fuel turmoil| Reuters
Sep 02, 2015 at 03:30 | Source:
NEW YORK World stock indexes and oil prices slumped on Tuesday as weak Chinese data fuelled worries about a slowdown in its economy, the world's second biggest, and sparked more market turmoil.The fall in oil prices ended a three-day rally that had d...
Wall Street turbulence returns as weak China data magnifies fear| Reuters
Sep 02, 2015 at 02:45 | Source:
Turmoil returned to Wall Street on Tuesday after a brief rest, with renewed concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term selloff.The S&P 500 is now 10 percent lower than its May ...
IMF's Lagarde sees weaker than expected global economic growth| Reuters
Sep 02, 2015 at 02:15 | Source:
JAKARTA Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations.IMF Managing Director ...
China fears hit stocks and oil, boost volatility | Reuters
Sep 02, 2015 at 01:30 | Source:
NEW YORK World stock indexes and commodities dropped on Tuesday as weak Chinese data revived fears about the effect of China's economic health on the global economy and fuelled more market turmoil.Oil prices fell more than 7 percent on concerns about...