Stories about Markets

Oct 15 2018

OPEC's Mohammad Barkindo says very concerned about spare oil capacity

Oil prices rose Tuesday due to evidence of falling Iranian crude exports and as roughly 20% of daily oil production was lost from offshore Gulf of Mexico wells due to ...

Oct 15 2018

Bearish Sentiment Returns To Oil Markets

Crude was still heading for its first weekly drop in five weeks, pressured by a big rise in U.inventories and fading concerns for now about looming United States sanction...

Oct 15 2018

Facebook: 29 Million Accounts Hacked

Earlier, Facebook had said that a security breach had affected the accounts of as many as 50 million people. Facebook has said that 29 million people's personal d...

Oct 13 2018

Have 19 hours? World's longest commercial flight takes off

The world's longest commercial flight took off from Singapore's Changi Airport on Thursday, with excited and apprehensive passengers on board settling in for a marathon...

Oct 13 2018

International Monetary Fund downgrades SA's 2018 growth forecast to 0.8%

The IMF , created in 1945, is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate worldwide trade, pr...

Oct 12 2018

Ministers in revolt over May’s Brexit concessions

The Irish backstop measure, created to ensure no new border emerges between Ireland and Northern Ireland , is supposed to be temporary until a UK-EU trade deal can be ag...

Oct 12 2018

Rocked by Trump's sanctions, Iranian oil exports drop further

They checked into two hotels in Istanbul, the paper said. Iran's crude exports have fallen more than expected ahead of the sanctions , even as the Islamic Republic off...

Oct 05 2018

Rupee breaches 74-mark against dollar as RBI keeps policy rate unchanged

A looming meltdown at Infrastructure Leasing and Finance Company (IL&FS), fears of a worsening current account deficit and overall negative sentiments in the market due t...

Oct 04 2018

Cut in petrol, diesel prices shows government's sensitiveness: Shah

In a press conference organised on Thursday afternoon, finance minister Arun Jaitley announced cuts in the Centre's excise duty on petrol and diesel by Rs 1.50 per ...

Oct 03 2018

At $84, Oil Hits Highest Since 2014

The most-active December Brent crude futures contract LCOv1 settled up 59 cents at $81.38 a barrel, below the session high of $81.90 but still within sight of Tuesday's f...

Oct 02 2018

More stock whiplash as Tesla rebounds after Musk settlement

In a settlement reached with the Securities and Exchange Commission (SEC) on Saturday, September 29, Elon Musk will step down as Tesla chairman, following a tweet tha...

Oct 01 2018

Tesla shares soar 16% after Elon Musk settles fraud lawsuit with regulator

This is only the midpoint of his Musk-sational 2018 narrative . Analysts expect Wall Street will now be able to focus more on production numbers for the Model 3 this w...

Oct 01 2018

Elon Musk to Resign as Chair of Tesla Board but Remain CEO

The US Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk had agreed to pay $20 million each under a settlement...

Sep 27 2018

PM defends negotiators after Trump slams Canada

Trudeau also said a good and fair deal is still "very possible". "That's the big one", Trump explained. Bank of Canada Governor Stephen Poloz is due to speak on Thurs...

Sep 26 2018

Brent oil jumps to four-year high near $81

New inventory data from the US Energy Information Administration and Department, which will be released later this week, will be crucial in deciding the price curve. ...

Sep 25 2018

Instagram co-founders resign, CEO Kevin Systrom says will ‘take time off’

The departures at Facebook's fastest-growing revenue generator come just months after the exit of Jan Koum, co-founder of Facebook-owned messaging app WhatsApp , leaving...

Sep 25 2018

China says it won't hold trade talks unless Trump stops threats

The U.S. imported more than $9 billion worth of furniture from China in 2017. It leaves Beijing hitting US$110 billion worth of United States goods, almost everythi...

Sep 22 2018

Jet Airways row: Passengers are now stable, say doctors

Five people who were seriously affected were transferred to Nanavati hospital and were treated accordingly. Lalit Gupta, a senior official of DGCA, told the Hindustan ...

Sep 20 2018

IEA Warns of Higher Oil Prices as Iran and Venezuela Losses Deepen

Oil prices rose on Wednesday following a report that crude inventories in the United States fell and as looming sanctions against Iran raised expectations of tighteni...