Tag

In corporate news, Gap shares fell $1.53, or 5.3%, to $27.42 after the retailer said total sales in September declined 1%, hurt by the stronger dollar, and the company gave downbeat guidance on its expected profitability in the current quarter.

Energy and oil stocks were among the main drivers behind the S&P/ASX 200’s strength, with Santos jumping 8.55% to take its weekly gains to 43%, while Woodside Petroleum advanced 2.6% and extended its weekly rally to 10%.

Mr. Rohit Gadia, Founder & CEO, CapitalVia Global Research Limited said, RBI surprisingly cut repo rate by 50bps, a rate cut by 25bps was expected. “The proposal to reduce the risk weights on low-priced housing loans will incentivise the banks“, said Arundhati...

The gold price surged by almost $40 or over 3% on Friday, at its peak and is trading only slightly weaker at around $1,135 per troy ounce as the new week gets underway.

The most active gold contract for December delivery went up 1 USA dollars, or 0.09 percent, to settle at 1,137.60 dollars per ounce. Non-farm payrolls rose by only 142,000 last month, below economists’ expectations of 203,000.

You could see the timid tears escaping the eyes of 13-year-old students before they were rapidly wiped away by the sleeves of their over-sized sweaters.

USA energy firms cut 26 oil rigs in the latest week, the biggest reduction since April and the fifth straight weekly decline, data showed on Friday, a sign low prices were pushing drillers away from the well pad. Baker Hughes reported that the gas rig count fell by one to 197 in...

Expectations of lower demand after revelations last month that Volkswagen falsified USA vehicle emission tests, which a few believe could affect demand for diesel cars, hit platinum prices.

Data released Friday showed U.S. non-farm payrolls rose by 142,000 in September, considerably lower than the 203,000 jobs the markets had expected.

Ninety-five percent of Venezuela’s exports result from crude oil. Exports year-to-date to the USA have risen, but remain under pressure.

The USA has experienced soft patches in job growth before in this expansion, and officials have been expecting job growth to slow from its quick pace earlier this year and last.

Narendra Modi in meeting with the President of United States of America (USA), Mr. Barack Obama, in New York on September 28, 2015.

Initial jobless claims, a proxy for layoffs across the US, increased by 10,000 to a seasonally adjusted 277,000 in the week ended September 26, the Labor Department said Thursday.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.

“Labor has reported a healthy average of 212,000 job gains a month this year, but advances in August slowed moderately to 173,000 – a drop that many economists attributed to a tendency for initial payroll estimates in August to be undercounted because of seasonal...