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India to auction 20 major iron ore mines to revive industry - govt official
NEW DELHI (Reuters) - India will auction about 20 major iron ore mines this year in its first such sale ever, a top government official said, as it looks to revive its corruption-tainted mining industry.
Posted on : 2015-08-25 08:33:55
India's stock markets rally from one-year lows on hopes for tax reform
MUMBAI (Reuters) - India's stock markets bounced back on Tuesday from their lowest levels in around a year after the government said it was considering reconvening parliament to make another attempt to pass the goods and services tax (GST).
Posted on : 2015-08-25 08:26:20
Government makes fresh attempt to pass GST reform
NEW DELHI (Reuters) - The government said it is considering reconvening parliament to make another attempt to pass a major tax reform aimed at boosting economic growth.
Posted on : 2015-08-25 08:19:56
Global stocks, dollar rebound but China smashed again
LONDON (Reuters) - Volatile global markets got some respite from the latest blood-letting on Tuesday as bargain hunters nudged up Asian and European stocks, though China, at the centre of the rout, was smashed again.
Posted on : 2015-08-25 08:14:29
BHP Billiton profit dives to 10-year low on commodities rout
MELBOURNE (Reuters) - BHP Billiton reported its worst underlying profit in a decade on Tuesday, gutted by plunging iron ore, copper, coal and oil prices, and said it would cut spending more deeply to shore up dividends.
Posted on : 2015-08-25 08:11:33
China stocks plummet again as Beijing sits on sidelines
SHANGHAI (Reuters) - Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world's second-largest economy is deepening.
Posted on : 2015-08-25 08:04:00
China stocks sink over 7 percent as panic selling intensifies
SHANGHAI (Reuters) - China stocks slumped more than 7 percent on Tuesday to their lowest level since December, with panic selling intensifying after the flagship Shanghai Composite Index crashed through the key support level of 3,000 points.
Posted on : 2015-08-25 07:15:13
Oil recovers slightly but holds near 6-year lows on China worries
SINGAPORE (Reuters) - Crude oil markets recovered slightly on Tuesday after a 6 percent drop in the prior session, although prices held near 6-1/2-year lows as continued weakness in Chinese equities triggered fears of an economic tailspin in the region.
Posted on : 2015-08-25 07:06:13
India's stock markets fall nearly 2 percent to lowest in a year
MUMBAI (Reuters) - India's stock markets fell nearly 2 percent on Tuesday to their lowest in around a year on concerns that foreign investors would pare some of their holdings as China's equity markets continued to tumble.
Posted on : 2015-08-25 07:01:39
China says will crack down on underground banks, stem capital flight
BEIJING (Reuters) - China said it would launch a three-month crackdown on underground banking to curb money-laundering and illegal funds transfers as unstable markets stoke fears of capital flight.
Posted on : 2015-08-25 06:41:29
Gold holds below 7-week high as dollar, equities recover
MANILA (Reuters) - Gold hovered below a seven-week high on Tuesday as equity markets and the U.S. dollar rebounded from a brutal selloff in the prior session that was fuelled by fears over the fate of the Chinese economy.
Posted on : 2015-08-25 06:32:21
Asian shares move off 3-year lows while China's suffering goes on
TOKYO (Reuters) - Volatile global markets showed tentative signs of a respite from the recent blood-letting on Tuesday as bargain hunters helped Asian stocks off three-year lows, though share markets in China, epicentre of the rout, suffered another big sell-off.
Posted on : 2015-08-25 06:30:40
Oil recovers slightly but holds near six-year lows on China worries
SINGAPORE (Reuters) - Crude oil markets recovered slightly on Tuesday after a 6 percent drop in the prior session, although prices held near 6-1/2-year lows as continued weakness in Chinese equities triggered fears of an economic tailspin in the region.
Posted on : 2015-08-25 06:12:22
Sensex falls more than 1 percent to lowest in a year
MUMBAI (Reuters) - The BSE Sensex fell more than 1 percent on Tuesday to hit its lowest in around a year on concerns that foreign investors would pare some of their holdings as China's equity markets continued to tumble.
Posted on : 2015-08-25 06:01:43
Fed's Lockhart sees 2015 rate hike, but reading inflation 'tricky'
BERKELEY, Calif. (Reuters) - A top U.S. central banker appears to have cooled to the idea of an interest rate hike next month, saying on Monday only that the Federal Reserve will likely begin raising rates "sometime this year."
Posted on : 2015-08-25 05:14:10
Markets gain in choppy trade; VIX hits 15-month high
MUMBAI (Reuters) - India's stock markets swung between gains and losses on Tuesday amid continued concerns about the spillover impact from dropping equity markets in China.
Posted on : 2015-08-25 04:58:53
Oil rebounds after sharp losses, but China worries weigh
SINGAPORE (Reuters) - Crude oil markets recovered more than a percent on Tuesday after a sharp drop in the prior session, although prices held near 6-1/2-year lows as continued weakness in Chinese equities triggered fears of an economic tailspin in the region.
Posted on : 2015-08-25 04:52:18
China stocks fall again as Beijing stays on sidelines
SHANGHAI (Reuters) - Chinese stocks sank again on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world's second-largest economy is deepening.
Posted on : 2015-08-25 04:32:12
Sensex, Nifty rise more than 1 pct, rebounding from multi-month lows
MUMBAI (Reuters) - The BSE Sensex and Nifty rose more than 1 percent in on Tuesday, rebounding from the multi-month lows hit in the previous session as regional markets rebounded despite continued fears that China's economy was risking a hard landing.
Posted on : 2015-08-25 03:53:32
Asian shares bounce off three-year lows while China's suffering goes on
TOKYO (Reuters) - Volatile global markets showed signs of a respite from the recent blood-letting on Tuesday, as bargain hunters helped Asian stocks off three-year lows hit on fears that China's economy was risking a hard landing, with Chinese shares losing another 5 percent.
Posted on : 2015-08-25 03:18:26
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