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Rupee rebounds sharply tracking firm stock markets, up 24 paise against dollar at 67.78

Jan 22, 2016 at 10:40 | Source: FirstPost

Taking a breather from the record drop in recent sessions, the rupee in early morning trade firmed up by 24 paise to trade at 67.78 against the US dollar at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and ban...

Oil rebound offers respite to badly bruised Wall Street| Reuters

Jan 22, 2016 at 02:30 | Source: FirstPost

Wall Street staged a modest rally on Thursday as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of further stimulus.Seven of 10 major S&P 500 sectors rose, with a 3.3 percent jump in energy stocks lea...

Oil pares most gains after warning market could 'drown in oversupply'| Reuters

Jan 20, 2016 at 03:15 | Source: FirstPost

NEW YORK Brent crude rebounded on Tuesday from 12-years lows after data showed record demand in China, but a warning by the world's energy watchdog that the market could "drown in oversupply" limited the global benchmark's gains and sent U....

Wall Street falls; more carnage in oil stocks| Reuters

Jan 20, 2016 at 02:30 | Source: FirstPost

A recent selloff on Wall Street deepened on Tuesday as U.S. crude prices fell and an "in line" report showing slower growth in China failed to prop up an early rally.Falling U.S. crude prices pulled down materials stocks as well as the S&am...

Global - Stocks rise as slower China growth boosts stimulus hopes| Reuters

Jan 20, 2016 at 00:45 | Source: FirstPost

NEW YORK Global equity markets on Tuesday snapped back from a rout at the start of the year after data showing weak economic growth in China prompted speculation Beijing would boost stimulus efforts, but a renewed drop in U.S. oil prices raised a cau...

Oil rebounds on record Chinese demand, oversupply caps gains| Reuters

Jan 20, 2016 at 00:15 | Source: FirstPost

NEW YORK Brent crude oil prices rebounded on Tuesday from 12-years lows after data showed Chinese oil demand likely hit a record high in 2015, but the recovery was not expected to last amid warnings that the market would stay oversupplied this year.A...

Gold holds up on weak equities, platinum near seven-year low| Reuters

Jan 19, 2016 at 07:15 | Source: FirstPost

MANILA Gold steadied in early deals on Tuesday as weaker stock and oil prices pushed investors towards safe-haven assets, but slow physical demand in Asia kept bullion under $1,100 an ounce. FUNDAMENTALS* Spot gold was little changed at $1,089.20 an ...

Asia stocks subdued after retreat in Europe, oil stays bearish| Reuters

Jan 19, 2016 at 06:30 | Source: FirstPost

TOKYO Asian stocks were subdued early on Tuesday following a retreat in European shares overnight, while crude oil prices remained bearish following the lifting of sanctions against major producer Iran.Asia had no leads from Wall Street as the U.S. m...

Oil slumps below $28 to 2003 low as Iran sanctions lifted| Reuters

Jan 19, 2016 at 01:15 | Source: FirstPost

Oil prices slumped to a 2003 low below $28 per barrel on Monday as the market anticipated a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend.Responding to Tehran's compliance with a nuclear deal, the United State...

Banks drag on Europe; oil falls after Iran sanctions lifted| Reuters

Jan 18, 2016 at 23:45 | Source: FirstPost

LONDON European shares fell on Monday, following Asia lower and led by banks after the European Central Bank said it would quiz euro zone lenders about high levels of bad loans, while oil prices tumbled on the prospect of more supply from Iran.With U...

Fundamentals could resurface after wrenching sell-off| Reuters

Jan 16, 2016 at 14:30 | Source: FirstPost

NEW YORK The dramatic sell-off on Wall Street through most of the past two weeks could signal a capitulation-type blowout, giving fundamentals the upper hand for the next week.The current slide in stock prices, which on Friday briefly dragged the S&a...

Startup India: Govt must nudge RBI to lend support to start-up ecosystem

Jan 16, 2016 at 10:15 | Source: FirstPost

By Anish JhaveriThere are fewer and fewer jobs being created in India. This is one of the reasons why youngsters are choosing to become entrepreneurs. Another reason for this phenomenon was thatthe economy had slowed down during the UPA 2 era. People...

Wall St Week Ahead: Fundamentals could resurface after wrenching sell-off| Reuters

Jan 16, 2016 at 09:45 | Source: FirstPost

NEW YORK The dramatic sell-off on Wall Street through most of the past two weeks could signal a capitulation-type blowout, giving fundamentals the upper hand for the next week.The current slide in stock prices, which on Friday briefly dragged the S&a...

Startup India: Government must nudge RBI to lend support to start-up ecosystem

Jan 14, 2016 at 10:03 | Source: FirstPost

By Anish JhaveriThere are fewer and fewer jobs being created in India. This is one of the reasons why youngsters are choosing to become entrepreneurs. Another reason for this phenomenon was thatthe economy had slowed down during the UPA 2 era. People...

Asian shares skid as crude oil plumbs 12-year lows| Reuters

Jan 14, 2016 at 08:45 | Source: FirstPost

TOKYO Asian shares skidded on Thursday in the wake of steep losses on Wall Street, while a rout in oil and commodities prices, with crude plumbing 12-year lows, heightened fears about the global economy. U.S. crude prices were were last down slightl...

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...

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...

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