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Mecklai Financial Report: 19 September, 2014

Sep 20, 2014 at 12:22 | Source: Economic Times

DXY Index Greenback yesterday made a high of 84.78 against basket of major currencies and closed near the day?s high at 84.72 after FED announced that the interest rate would remain near zero but bond buying will be ending soon. It was six year high ...

BPCL lines up Rs 35000cr investments

Sep 20, 2014 at 03:01 | Source: Calcutta Telegraph News

Mumbai, Sept. 19: BPCL is ramping up its refining capacity and evaluating its marketing strategies to prepare for the eventual decontrol of diesel and increased competition from private retailers that a complete decontrol will bring in its wake. The...

Kashmir floods and the national media: A saga of shame and cynicism

Sep 19, 2014 at 16:14 | Source: FirstPost

Most of the national media's operating assumptions and world view appear to be premised on ether. That is, they appear to operate in a make believe, airy fairy world.Newsbytes are culled from prominent figures, interviews or statements are twisted an...

Latest hostage video shows Islamic State fears US assault, say experts

Sep 19, 2014 at 11:10 | Source: FirstPost

Washington: A dramatic change of tone in the latest hostage video released by the Islamic State has convinced experts that the jihadist group is isolated and fearful of a US assault.Where three previous clips ended with a masked militant slitting the...

British pound gains as investors predict rejection of Scottish independence

Sep 19, 2014 at 09:54 | Source: FirstPost

Hong Kong: The British pound jumped as investors bet that Scottish voters would reject independence based on results that cover more than half of Scotland. Japanese stocks rallied as the yen extended losses against the dollar while other Asian benchm...

Latest hostage video shows ISIS fears US assault, say experts

Sep 19, 2014 at 07:49 | Source: FirstPost

Washington: A dramatic change of tone in the latest hostage video released by the Islamic State has convinced experts that the jihadist group is isolated and fearful of a US assault.Where three previous clips ended with a masked militant slitting the...

How Islamic State uses Syria's oil to fuel its advances

Sep 18, 2014 at 23:45 | Source: FirstPost

AMMAN (Reuters) - In an oil field in northeastern Syria, a queue of trucks lines up daily to load crude sold cheaply by Islamic State militants who have hijacked parts of the country's energy industry in their bid to build a caliphate.Sales at Shadad...

Japan trade deficit narrows in August

Sep 18, 2014 at 11:16 | Source: BBC

Japan's trade deficit narrowed in August as a fall in imports lowered the country's energy bill for the month. The shortfall between imports and exports shrank to 948.5bn yen ($8.7bn; £5.4bn) 2.4% lower than in July. The country's imp...

Global stocks gain after Fed, dollar index hits 14-month high

Sep 18, 2014 at 06:30 | Source: FirstPost

NEW YORK (Reuters) - Stock markets around the world closed with modest gains on Wednesday after the U.S. Federal Reserve renewed a pledge to keep interest rates near zero for some time, while bond yields rose and the dollar rallied on expectations of...

Fed, China stimulus hopes boost world stocks

Sep 18, 2014 at 05:15 | Source: FirstPost

LONDON (Reuters) - Global stocks and commodity prices rose on Wednesday, boosted by speculation the U.S. Federal Reserve will maintain a pledge on low rates later in the day and by a report China's central bank will provide the country's biggest bank...

Modi government created favourable atmosphere for India: President Pranab Mukherjee

Sep 17, 2014 at 11:10 | Source: Economic Times

HO CHI MINH CITY: President Pranab Mukherjee today had some words of praise for the new Indian government as he credited it for not only initiating steps to bring the economy on a better path but also for creating a "favourable" atmosphere for India ...

Import duty on feedstock for petrochemicals be fixed at zero rate to boost domestic value addition: Study

Sep 16, 2014 at 21:02 | Source: Assocham

India's trade imbalance with GCC to deteriorate with tariff elimination on petrochemicals under proposed FTA There is an urgent need to fix import duty on feedstock for petrochemicals including naphtha, natural gas liquids (NGL), propane and butane ...

Inflation dip fails to cheer RBI

Sep 16, 2014 at 11:47 | Source: Calcutta Telegraph News

New Delhi/Mumbai, Sept. 15: Wholesale price inflation has eased to its lowest level in five years in August, but the central bank is not convinced about reducing interest rates just yet. At a bankers’ summit organised by Ficci here, RBI govern...

Kazakhstan: Officials disable 'active' WW2 exhibits

Sep 14, 2014 at 16:01 | Source: BBC

Officials in Kyzylorda in southern Kazakhstan have reportedly disabled World War Two artillery pieces on display in a local park - possibly taking precautionary measures after pro-Russian rebels in eastern Ukraine managed to restart an old tank sitti...

Jolt to recovery run Factory growth sluggish, retail inflation sticky

Sep 13, 2014 at 10:57 | Source: Calcutta Telegraph News

New Delhi, Sept. 12: The growth in industry output hit a four-month low of 0.5 per cent in July and retail inflation remained high, dashing hopes of a quick economic revival and a rate cut by the Reserve Bank of India. Factory output, as measured by...

Ukraine crisis: EU's sanctions hit Russian oil majors, arms makers

Sep 12, 2014 at 14:49 | Source: FirstPost

Brussels: New European Union sanctions curbing access to western financial markets for some of Russia's largest firms are targeting banks, arms manufacturers, the country's leading oil company, Rosneft, as well as the crude subsidiary of its state-ow...

Apple Watch: The net reacts to Apple's first wearable

Sep 10, 2014 at 13:57 | Source: BBC

It's not often that details of a major tech product can be kept under wraps until it appears on stage, but the Apple Watch managed to dodge the rumour sites and stay a secret right to the end. It helped that Apple isn't ready to release the...

Diesel price cut in pipeline

Sep 10, 2014 at 06:07 | Source: Calcutta Telegraph News

New Delhi, Sept. 9: Diesel prices could be cut by about Rs 1 per litre following the softening of global crude rates to below $100 and the strengthening of the rupee against the dollar. The move is expected to have an impact on inflation as a patchy...

Apple Watch: Does anyone need a smartwatch?

Sep 10, 2014 at 06:07 | Source: BBC

In his trademark black T-shirt, blue jeans, and trainers, Apple co-founder and chief executive Steve Jobs convinced consumers, time and time again, that they desperately desired a product for which they had never previously felt a need. On Tuesday, h...

Apple Watch unveiled alongside new larger iPhones

Sep 10, 2014 at 02:07 | Source: BBC

Apple has unveiled a smartwatch - the Apple Watch - its first new product line since the first iPad and the death of its co-founder Steve Jobs. The device runs apps, acts as a health and fitness tracker and communicates with the iPhone. While rival s...

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