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A day after the Delhi High Court said living in the city was like “living in a gas chamber”, the Delhi government in a unique move mandated vehicles with odd and even numbers to be allowed to run only on alternate days to curb pollution.

In the US, the Dow dropped 252 points, and the S&P 500 fell 1.4%, its worst day since late September, while the Nasdaq lost 1.7%. Despite the bold announcement, markets were disappointed by the size of the stimulus, hammering USA and European stocks and driving up the euro...

OPEC watchers said the divisions make it more likely the group will re-affirm its current production ceiling of 30 million barrels a day on Friday.

Key shipping indicator, the Baltic Dry Index (BDI), a measure of freight rates for shipping bulk cargoes such as iron ore, coal and grains tanked to a new record low last week, is hovering near record lows.

Instead of a composite 40% excise duty on non-merit goods, what would be desirable is a combination of GST at the standard rate and a “sin” tax component not eligible for input tax credit. Local media also reported the draft bill will be discussed in the Upper House...

None of the member countries can balance their budgets at current oil prices, and many of them need prices double what they are now to ease growing fiscal strains.

The selling pushed the S&P 500 back into the red for 2015.

A report in newsletter Energy Intelligence suggested this week Saudi Arabia might be ready to fine-tune policies and could start pushing for a global deal to curb supply in order to avoid oil prices remaining low for longer.

China’s apparent crude steel consumption fell 3.4 percent from a year ago to 738.3 million tonnes in 2014, the first drop since 1981, according to the China Iron & Steel Association. “While the world remains flooded with iron ore, we believe Chinese steel...

The euro held most of its gains today as the European Central Bank’s increased economic stimulus fell well short of market expectations.

Growing concerns about the lack of progress by Marissa Mayer the CEO in turning the company around and the recent exodus of top company executives has heightened the pressure on the board to look at her future and the alternatives to her attempted turnaround now entering its...

Chipotle’s E. Coli outbreak has now involved nine states, as the Mexican restaurant continues to be involved in new outbreaks, according to CNN.

Earlier, Fiji beat Australia 19-12 in the quarter-finals, and New Zealand 19-5 in the semi-finals respectively. The Kiwis were back to their best in the opening half as they raced into a 12-point lead after fine work from Portia Woodman and then Gayle Broughton.

It also cut a key interest rate wto 0.3 per cent and agreed to buy more assets with the proceeds of existing bond purchases.

OPEC introduced output ceiling of 30 million bpd in its December 2011 meeting as it scrapped allocating fixed production quotas to member countries.