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Brexit verdict wasn't just about leaving EU, it exposed Britain's wealth gap

Jun 25, 2016 at 16:24 | Source: FirstPost

The political pundits are confounded, the optimists are floundering, and the younger generation is mighty ticked off with the older voters. For the Europeans, the feeling is sinking inthe UK is exiting the European Union (EU)as it grapples to deal wi...

Brexit is bad for markets, but it's the uncertainty that is killing

Jun 24, 2016 at 16:31 | Source: FirstPost

With the Brexit vote now in, Britains departure from the European Union (EU) is now only a matter of time. The negotiation of Britains future relationship with the EU may take up to two years, which is why the markets will remain skittish for a while...

Brexit: US banks brace themselves for the catastrophic scenario of losing trade benefits

Jun 21, 2016 at 19:53 | Source: FirstPost

New York: Two days before Britain's referendum on breaking with the European Union, the largest US banks are preparing for a catastrophic scenario that could cost them billions of dollars. Amid the volatile atmosphere in Britain, the banks are outwar...

Emerging market debt trading rises 13 percent in first-quarter to $1.3 trillion - EMTA| Reuters

Jun 17, 2016 at 03:15 | Source: FirstPost

NEW YORK Trading volumes of emerging markets debt rose by 13 percent in the first quarter of 2016 from the fourth quarter of last year, a survey showed on Thursday.Trading grew to $1.299 trillion in the first three months of this year, according to E...

GDP numbers add to all-round Modi feel good but challenge not over yet

May 31, 2016 at 22:44 | Source: FirstPost

After all the patting on the back the Narendra Modi government has been doing as it completes two years in power, here comes one more reason for self congratulation. The economy has grown 7.6 percent in 2015-16, the first full year under this governm...

Under stress: Morgan Stanley lowers Flipkart's valuation at under $10 bn

May 27, 2016 at 21:40 | Source: FirstPost

New Delhi: Signalling a tough road ahead for Flipkart, a mutual fund managed by Morgan Stanley has marked down the value of its shares in the Indian e-Commerce major by 15.5 percent, valuing it at under $10 billion.The successive markdown comes at a ...

Modi 2 years: How investors, market experts rate PMs big-bang reforms promise

May 27, 2016 at 14:41 | Source: FirstPost

The often heard word in the two years of Narendra Modi government is big bang reforms. In his recent interview to Wall Street Journal, Modi said no expert could explain to him what the big-ticket reforms mean are. After two years of his rule, critics...

Sensex shining bright: Investor wealth zooms by over Rs 2.69 lakh cr in 3 sessions

May 27, 2016 at 10:10 | Source: FirstPost

In the last three trading sessions, the benchmark Sensex added over 1,100 points and regained the crucial 26,000-mark, as investors cheered the monsoon forecast that is estimated to be above-normal rainfall this year, besides pick-up in reforms with ...

Investment banks suffer worst first quarter since financial crisis -survey| Reuters

May 24, 2016 at 05:15 | Source: FirstPost

LONDON Revenue at the world's 12 largest investment banks fell 25 percent in the first quarter from a year ago as economic uncertainty and investor caution led to the slowest start since the financial crisis, a survey showed on Tuesday. Investment ba...

Tesla plans $2 billion stock offering to finance quicker Model 3 launch| Reuters

May 19, 2016 at 03:30 | Source: FirstPost

Tesla Motors Inc (TSLA.O) said it would offer $2 billion of stock to help finance the accelerated launch of its new Model 3 electric sedan.Shares were down 2.2 percent at $206.59 following the news after markets closed on Wednesday.Tesla Chief Execut...

Oil prices jump as Goldman Sachs says market flips into deficit

May 16, 2016 at 11:48 | Source: FirstPost

Singapore: Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped to a deficit.International Brent crude futures LCOc1 were t...

Decline in crony wealth: Commodity crash gives jolts, not political will

May 10, 2016 at 10:18 | Source: FirstPost

The Economistreport based on its crony capitalism index shows that crony capitalists, world over, are facing a downfall. It gives examples from various countries, where cronies are being chased by local governments and investigators and how their wea...

Don't be fooled: Decline in crony wealth more on bad business than political will

May 10, 2016 at 08:11 | Source: FirstPost

The Economists report based on its crony capitalism index shows that crony capitalists, world over, are facing a downfall. It gives examples from various countries, where cronies are being chased by local governments and investigators and how their w...

Why Shourie is right in praising Modi's fight against corruption

May 10, 2016 at 07:41 | Source: FirstPost

Is Prime Minister Narendra Modi narcissistic? Is he Machiavellian? Is he remorseless and is he running a presidential-style government, a virtual one-man show? All this could be true.Arun Shourie, one of the most bitter critics of Modi, pilloried the...

Why Shourie is right in praising PM Modi's fight against corruption

May 09, 2016 at 19:18 | Source: FirstPost

Is Prime Minister Narendra Modi narcissistic? Is he Machiavellian? Is he remorseless and is he running a presidential-style government, a virtual one-man show? All this could be true.Arun Shourie, one of the most bitter critics of Modi, pilloried the...

Crony capitalists, inept babus feel the heat as Modi tightens screws of a creaky system

May 09, 2016 at 17:27 | Source: FirstPost

Indians are still waiting for the proverbial acche din but a couple of recent markers suggest that the Narendra Modi regime is working behind the scenes to ensure a cleaner and more efficient government which was part ofhis campaign promise in 2014....

Don't be fooled: Fall in crony wealth more on bad business than political will

May 09, 2016 at 15:21 | Source: FirstPost

The Economists report based on its crony capitalism index shows that crony capitalists, world over, are facing a downfall. It gives examples from various countries, where cronies are being chased by local governments and investigators and how their w...

Crony capitalists' downfall more due to bad business, commodity crash than political will

May 09, 2016 at 14:30 | Source: FirstPost

The Economists report based on its crony capitalism index shows that crony capitalists, world over, are facing a downfall. It gives examples from various countries, where cronies are being chased by local governments and investigators and how their w...

Crony capitalists, inept babus feel the heat as Modi tightens loose system

May 09, 2016 at 13:24 | Source: FirstPost

Indians are still waiting for the proverbial acche din but a couple of recent markers suggest that the Narendra Modi regime is working behind the scenes to ensure a cleaner and more efficient government which was part ofhis campaign promise in 2014....

ICICI Prudential Life, HDFC Standard Life plan to raise over $1 billion in two IPOs| Reuters

May 07, 2016 at 02:30 | Source: FirstPost

SINGAPORE/MUMBAI Two of India's leading private-sector insurers are looking to raise over $1 billion this financial year in the sector's first initial public offerings (IPOs), as insurance companies rush to take advantage of a change in ownership rul...

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