Last Updated: Tuesday, August 18, 2015, 17:08
The Obama administration granted Royal Dutch Shell final clearance on Monday to resume drilling for oil and gas in the environmentally fragile Arctic Ocean for the first time since 2012, a move green groups vowed to fight.
Last Updated: Tuesday, August 18, 2015, 17:04
US oil prices fell towards six-year lows on Tuesday after stock markets tumbled in China, the world`s largest energy consumer, adding to worries about global fuel demand at a time of heavy oversupply.
Last Updated: Monday, August 17, 2015, 18:41
The rupee plummeted by 31 paise to end at over two-year low of 65.31 against the US dollar Monday on the back of consistent demand for greenback from importers and state-run banks.
Last Updated: Wednesday, August 12, 2015, 17:57
Tuesday's devaluation by the world's second largest economy, the first since 1994, was effected amid slowing down of the economy which is hovering around seven percent and falling exports.
Last Updated: Wednesday, August 12, 2015, 09:22
China cut the value of the yuan against the dollar for a second consecutive day Wednesday, trimming the reference rate by 1.62 percent and sending a new shockwave through financial markets.
Last Updated: Tuesday, August 11, 2015, 18:33
The dollar soared during the Asian session following the shocking action by the Chinese central bank even as Greek reached a deal on a third bail-out package with its creditors.
Last Updated: Thursday, August 6, 2015, 18:03
The Revenue Department Thursday said 35 transfer pricing disputes between India and the US in different segments of Information Technology (IT) have been resolved and another 100 are likely to be settled in the next three months.
Last Updated: Wednesday, August 5, 2015, 19:57
The US trade deficit widened in June as the strong dollar encouraged imports and weighed on exports amid weaker growth in the global economy, official data released Wednesday showed.
Last Updated: Wednesday, August 5, 2015, 16:59
The dollar rose to its highest in more than three months on Wednesday after a Federal Reserve official said the central bank was close to raising interest rates, while solid European corporate earnings propelled stocks higher.
Last Updated: Tuesday, August 4, 2015, 20:04
Extending its gains for the second straight day, the rupee surged by 30 paise Tuesday against the American currency to hit a two-week high at 63.74 on selling of the greenback by banks and exporters on the back of lower dollar in the overseas market.
Last Updated: Friday, July 31, 2015, 22:25
Nvidia Corp said it was recalling its Shield 8-inch tablets in the United States as the battery in these devices can overheat, posing a fire hazard.
Last Updated: Friday, July 31, 2015, 20:33
Oil prices extended their decline on Friday with no sign of an end to a global supply glut.
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