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CORRECTED - Stocks rise despite U.S. market lag, oil up| Reuters

Mar 03, 2016 at 02:30 | Source: FirstPost

(Corrects headline to say oil was up, paragraph 17 to say Brent crude was higher)By Dion RabouinNEW YORK A measure of global equity markets on Wednesday rose to the highest in nearly two months, pushed upward by positive U.S. economic data that was c...

Asian shares in for worst week in four years on panic over China| Reuters

Jan 08, 2016 at 07:30 | Source: FirstPost

TOKYO Asian shares are on course to post their biggest weekly fall in more than four years as investors dumped risk assets on fears over China's economy and its turbulent financial markets.China announced late on Thursday it suspended its new stock m...

As China fire continues to singe, expect uncertainty to rule stocks, currencies

Jan 07, 2016 at 13:30 | Source: FirstPost

Chinese jitters have caught on with trading coming to a halt on Thursday with the 7% circuit breaker being breached again in the current week. Officially there is a 15 minutes break if shares move by 5% while it gets suspended for a day if it goes pa...

Chinese stocks: canary or elephant for world markets this year?| Reuters

Jan 07, 2016 at 01:30 | Source: FirstPost

LONDON Canary in the coal mine or elephant in the room? For investors, either idiom could apply to Chinese stocks in what is already shaping up to be a rocky ride for global markets this year.Pessimists would go for the canary metaphor: the New Year ...

Volkswagen scandal: US court may fine carmaker over $90 bn for environmental violations

Jan 05, 2016 at 12:14 | Source: FirstPost

German car maker Volkswagen may face billions of penalties as the US Justice Department filed a civil lawsuit against it for violating the Clean Air Act by installing illegal devices to impair emission control systems in nearly 600,000 diesel cars.Vo...

Volkswagen cheating case: US court may fine co over $90 bn for environmental violations

Jan 05, 2016 at 10:35 | Source: FirstPost

German car maker Volkswagen may face billions of penalties as the US Justice Department filed a civil lawsuit against it for violating the Clean Air Act by installing illegal devices to impair emission control systems in nearly 600,000 diesel cars.Vo...

Apple shares off but weather U.S. market selloff| Reuters

Jan 05, 2016 at 00:15 | Source: FirstPost

SAN FRANCISCO Shares of Apple Inc (AAPL.O) fell to their lowest since August on Monday following recent worries about potentially soft iPhone sales but fared better than a 2 percent drop in major indexes.At one point Apple was down 3 percent and weig...

Sensex gets into Christmas mood, ends 260 pts higher

Dec 23, 2015 at 16:27 | Source: FirstPost

Domestic equity markets swung back into action on Wednesday after retreating more than 140 points a day before, as a US-led recovery in overnight trades provided a perfect platform for local traders to mount bullish bets ahead of the Christmas-led we...

H1-B and L-1 visa hike: How India's IT industry is a punching bag for American protectionism

Dec 19, 2015 at 14:32 | Source: FirstPost

America has always projected itself as a crusader for global free trade and railed against India's protectionist policies, but the boot is now on the other foot. Prime Minister Narendra Modi reminded the U.S. that the free quotient in free trade appa...

H1-B and L-1 visa hikes: How India's IT industry is a punching bag for American protectionism

Dec 19, 2015 at 10:13 | Source: FirstPost

America has always projected itself as a crusader for global free trade and railed against India's protectionist policies, but the boot is now on the other foot. Prime Minister Narendra Modi reminded the U.S. that the free quotient in free trade appa...

Oil-by-rail pioneer Borgen betting on resurgence despite downturn| Reuters

Dec 19, 2015 at 02:30 | Source: FirstPost

HOUSTON Three years ago Dan Borgen exited the domestic oil-by-rail business just as it was ramping up to focus on building infrastructure to get Canadian crude on trains to U.S. markets.Now Borgen is back in what appears to be another counter-cyclica...

Wal-Mart names Tony Rogers as U.S. marketing head-Bloomberg| Reuters

Dec 19, 2015 at 01:15 | Source: FirstPost

Wal-Mart Stores Inc (WMT.N) named Tony Rogers as its U.S. marketing head, replacing Stephen Quinn, Bloomberg reported on Friday.Wal-Mart had said last week that Quinn would retire in January. (Reporting by ...

Sensex zooms 309 points, joins global rally after US Fed's 'dovish rate hike'

Dec 17, 2015 at 16:51 | Source: FirstPost

Domestic equity markets put up a sterling performance in the last hour of trade, with the benchmark Sensex racing past the crucial 25,800-mark in an over 300 points rally as investors took in their stride the 25 bps rate hike affected by the US Fed i...

Sensex, rupee steady after initial rally, as US keeps date with first rate hike in a decade

Dec 17, 2015 at 11:11 | Source: FirstPost

Extending its rising streak for the fourth consecutive session, the benchmark BSE Sensex rallied 165 points and the NSE Nifty regained the 7,800-mark in early trade today amid a firming trend at Asian bourses as global markets had already factored in...

Whirlpool seeks duties on Samsung, LG washers made in China| Reuters

Dec 17, 2015 at 06:15 | Source: FirstPost

WASHINGTON Whirlpool Corp (WHR.N) asked the U.S. government on Wednesday to impose duties on washers made by Samsung Electronics and LG Electronics (005930.KS) in China, alleging that they are being sold in the United States at prices below productio...

Blackstone invests $170 million in India's IBS Software| Reuters

Dec 17, 2015 at 00:45 | Source: FirstPost

MUMBAI U.S. private equity firm Blackstone Group LP has bought a minority stake in India's IBS Software for $170 million from General Atlantic and other shareholders.Blackstone and IBS, a software company involved in the travel, hospitality, logisti...

Electrolux's U.S. plans in tatters as GE deal falls through| Reuters

Dec 07, 2015 at 23:15 | Source: FirstPost

STOCKHOLM Electrolux's $3.3 billion deal to buy General Electric's (GE) appliance business fell through on Monday, torpedoing the Swedish firm's plan to bolster its U.S. business and sending its shares down as much as 15 percent.Electrolux said it wo...

Sensex takes 249 pts hit on weak global cues; snaps 2 consecutive weeks of gains

Dec 04, 2015 at 16:40 | Source: FirstPost

Domestic stocks retreated sharply for the third straight session on Friday, ending the week on a dismal note with key indices posting their first weekly loss after two consecutive weeks of gains. Reeling under selling pressure throughout the session ...

Sensex drops nearly 250 pts on weak global cues; rupee hits 2-yr low

Dec 04, 2015 at 10:35 | Source: FirstPost

In accordance with the steep fall in global markets, Indian equities took further hit in early Friday trade after yesterday's weak close, and tumbled nearly 250 points on across-the-board selling pressure.The benchmark Sensex today opened 86 points l...

Stocks slammed by ECB; euro jumps most since 2009| Reuters

Dec 04, 2015 at 04:30 | Source: FirstPost

NEW YORK U.S. and European stocks closed down sharply on Thursday and the euro enjoyed its biggest one-day percentage rise in well over six years as investors reacted to the European Central Bank's latest policy easing measures.U.S. bond yields saw t...

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