- Fed Keeps Rates The Same, Still Sees 'Risks' To Recovery
March 13 2012 2:25 PM
The U.S. Federal Reserve Tuesday kept short-term interest rates the same, between 0 percent and 25 percent, and also maintained its existing quantitative easing policy, with no change in its low rates though at least late 2014.
- US Asks Saudi Arabia To Boost Oil Output For Summer
March 13 2012 12:42 PM
The United States is pressing Saudi Arabia to boost oil output to fill a likely supply gap arising from sanctions on Iran, Gulf oil officials said, adding that an increase in production is unlikely to be needed before July.
- Exxon Mobil Has Days To Explain Kurdish Deal
March 09 2012 4:58 PM
U.S. oil and natural gas giant Exxon Mobil has days to explain its recent exploration deals the company struck in Kurdistan back in November.
- WTO Judges Fault Boeing Subsidies: Sources
March 09 2012 3:32 PM
The World Trade Organization has broadly upheld a ruling that Boeing Co (BA.N) took billions of dollars of unfair subsidies, breathing new life into an epic trade spat that has already faulted European aid to Airbus, people familiar with the matter said.
- IBT1000: Nakilat Shippers of the World's Natural Gas
March 09 2012 2:11 PM
War's shadow looms over the Strait of Hormuz, and for one company in Qatar, the disruption of shipping traffic of the Strait could very well mean the end of its business.
- OPEC Pumps Record Volumes Despite Iran Slide
March 09 2012 8:40 AM
Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production.
- Rupee Up on Local Shares Gain, Capital Inflow Hope
March 09 2012 12:15 AM
The rupee strengthened on Friday, helped by gains in local shares and hopes an improvement in global risk sentiment would bolster capital inflows.
- Share What You Expect from Annual Budget 2012-13
March 08 2012 5:11 AM
Finance Minister Pranab Mukherjee will present the annual budget in parliament on March 16. The Direct Taxes Code (DTC) will be in focus this year. What is your budget wishlist for this year?
- Israel Welcomes Iran-World Power Talks, But Believes Military Strike Only Alternative to Solve Issue
March 07 2012 9:54 AM
Israel was guarded in its approach to the resumption of talks with Iran by the world powers on Wednesday. The six world powers including the United States, France, Britain, China, Germany and Russia had expressed their willingness to continue talks with Iran over its nuclear program. Iran had offered to open up a key military base for international inspections, which the world powers suspect would be used for a its secret nuclear program.
- Obama Will Launch War on Iran to Get Re-Elected: Trump
March 06 2012 1:30 PM
Trump pointed out that launching a war on Iraq temporarily boosted the popularity of Obama’s predecessor in the White House, George W. Bush.
- BSE Sensex Rises in Choppy Trade; Infosys Leads
March 06 2012 1:51 AM
The BSE Sensex rose 1.7 percent on Tuesday as bargain hunting emerged after falling in the past two weeks, but trading was choppy and analysts were wary about sustaining the gains on doubts about the government's ability to push reforms.
- Russian Election: Putin Back at Helm of Energy Empire
March 05 2012 3:39 PM
Vladimir Putin declared victory in Sunday's election, but it remains to be seen how much power he'll wield over his country's vast stockpiles of oil and natural gas when he returns to the presidency in May.
- Egypt-to-Israel Gas Pipeline Again Sabotaged
March 05 2012 3:26 PM
Almost half of Egyptian gas is exported to Israel, much to the consternation of many anti-Israeli elements in the overwhelmingly Muslim nation
- Iraq Oil Production to Hit Three-Decade High
March 05 2012 11:11 AM
Iraqi officials on Monday announced their country's oil production has exceeded 3 million barrels of oil a day, a level not seen in several decades.
- Gasoline Prices Hit $3.77 Per Gallon, Hawaii Has the Highest Gas Price in U.S.
March 05 2012 7:55 AM
The nationwide average of gasoline prices are going north moving towards $4 mark per gallon.
- Budget 2012-13: Expectations and Exigencies
March 05 2012 4:56 AM
The Union budget has always provided major policy direction which has been anxiously awaited by the common man and the industry. But over the years, the tax system has become more crystallised and yet expectations have not ceased. Check out expectations of Budget 2012-13.
- BSE Sensex Falls by 1 Percent, Banks Lead Losses
March 05 2012 4:16 AM
The BSE Sensex fell more than 1 percent on Monday on worries a lower-than-expected showing by the Congress party in the Uttar Pradesh elections would make it difficult for the government to revive stalled reforms.
- India Should Hold Its Nerve on Stock Auctions
March 03 2012 6:00 AM
New initiatives don't always succeed first time. The government's auction of 5 percent of Oil and Natural Gas Corp, the energy group, could have flopped had it not been for last-minute intervention from state-owned Life Insurance Company of India. But if Delhi learns the right lessons, the auction route could yet be an effective way of selling stakes in state-run firms.
- U.S. Housing Sector, Fiscal Policy Pose Risks: IMF
March 02 2012 11:57 AM
The U.S. economic recovery could be dented by a renewed drop in housing prices in the short term and the country lacks a credible, comprehensive fiscal plan, posing a major medium-term economic risk, a top IMF official said.
- Iran’s Parliamentary Election Condemned as Farce
March 02 2012 8:46 AM
About 48-million people are eligible to vote for 290 seats in the Tehran parliament, the Majlis.