US stocks surge after Fed promises patience on rates
Dec 18, 2014 at 02:57 | Source:
The US Federal Reserve has said it can be patient over any decision to raise interest rates at the end of its two-day policy meeting in Washington DC. The statement sent US markets higher with the Dow Jones rising nearly 300 points. Investors have be...
Federal Reserve in easy decision to end stimulus
Nov 20, 2014 at 04:32 | Source:
Although the US Federal Reserve was worried about turmoil in emerging markets, the central bank reached an easy consensus to end its stimulus programme, its latest minutes reveal. Minutes from the central bank's October meeting show officials we...
Mexico: Mayor, wife detained in case of 43 missing students
Nov 05, 2014 at 07:34 | Source:
Mexico City: Mexico's most-wanted couple, accused of running their town as a drug fiefdom and ordering an attack that killed six and left 43 college students missing, were caught on Tuesday in a rough-and-tumble neighbourhood of Mexico City where the...
Falling oil prices: Who are the winners and losers?
Oct 28, 2014 at 14:37 | Source:
Falling oil prices mean that some oil exporters are bracing themselves for significant revenue shortfalls, while some importing countries could benefit economically as consumers pay less for energy and have more to spend elsewhere. Until this summer,...
It’s a cracker of a year Samvat 2070 ends on a high
Oct 23, 2014 at 08:52 | Source:
Calcutta Telegraph News
Mumbai, Oct. 22: Samvat 2070 ended on a promising note for investors today with the BSE Sensex scoring a double century on reports of strong festive sales and hopes that the central government will continue with its reform measures. While the benchm...
Yahoo profits surge on earnings from Alibaba sale
Oct 22, 2014 at 02:22 | Source:
Technology giant Yahoo has reported profits of $6.8bn (£4.2bn) for the three months to September, buoyed by earnings from the firm's stake in Alibaba. Yahoo was required to sell part of its stake ahead of the Chinese firm's stock market fl...
Huawei boss says US ban 'not very important'
Oct 16, 2014 at 23:17 | Source:
The boss of the world's largest telecommunications company, Huawei, says that he is confident of realising the group's global ambitions even without the US market. The Chinese firm is banned from bidding for US government contracts because ...
Gap chief executive to resign in February
Oct 09, 2014 at 18:42 | Source:
The chief executive officer of US retail clothing chain Gap is stepping down, the company said on Wednesday. Glenn Murphy will resign as its chairman and chief executive in February after being in the role for over seven years. He will be replaced by...
US markets cheer Federal Reserve minutes
Oct 09, 2014 at 01:26 | Source:
US markets rose sharply after minutes from the September meeting of the Federal Reserve were released. The transcript indicated that US central bankers were wary of raising rates too soon. Officials were worried markets were too focused on a rate ris...
Unions oppose US trade deal with EU
Oct 04, 2014 at 00:41 | Source:
Plans for a major EU-US trade deal have been denounced by trade unions on the last day of their annual conference. Delegates unanimously backed a motion opposing the Transatlantic Trade and Investment partnership (TTIP) and calling for negotiations t...
Mecklai Financial Report: September 25, 2014
Sep 27, 2014 at 13:17 | Source:
DXY Index Greenback on Wednesday marked a high of 85.08 against its rivals on the back of upbeat economic release. Today dollar index marked a fresh 14 month high of 85.16 against basket of currencies. On release front, US came out with New Home sale...
Mecklai Financial Report: September 26, 2014
Sep 27, 2014 at 13:17 | Source:
DXY Index Greenback yesterday marked a fresh 4 year high of 85.48 against its rivals despite of some mixed economic releases. The index closed on a lower note at 85.17 levels. On release front, US came out with Durable and Core durable goods order wh...