Oil extends short-covering frenzy to second day, topping $50

Last Updated: Saturday, August 29, 2015, 03:34

World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.

US oil rallies second day; WTI up 6.3%

Last Updated: Saturday, August 29, 2015, 00:46

US crude-oil prices surged higher for a second straight day Friday, as investors appeared to view the recent nose-dive as overdone.

Craft brewers tap down resistance to Wall Street investors

Last Updated: Wednesday, August 19, 2015, 11:52

The craft beer industry is booming, buoyed by deregulation and the increased buying power of its largely millennial customer base.

Not selling overseas properties: Sahara to Surpreme Court

Last Updated: Monday, August 17, 2015, 21:06

Sahara Group Monday told the Supreme Court that it was not selling its three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels and alleged that some entities are "looking to grab these properties".

Berkshire Hathaway makes $37 bn bet on Precision buy

Last Updated: Tuesday, August 11, 2015, 05:25

US investment guru Warren Buffett`s Berkshire Hathaway is buying Precision Castparts, a leading supplier to the aerospace industry, for $37.2 billion, the largest acquisition in the conglomerate`s 50-year history.

This airline offers flight from Mumbai to New York at Rs 52,000

Last Updated: Friday, July 31, 2015, 19:38

Air France on Friday rolled out 'special' economy fares to New York, offering its customers from Mumbai an all-inclusive fares as low as Rs 52,000 for a limited period.

Some Baidyanath products contain lead: NYC health department

Last Updated: Saturday, July 25, 2015, 15:28

The New York City Health Department has asked city residents to stop using certain Ayurvedic medications made by a leading Indian pharma company, saying the products contain "elevated" levels of lead and mercury making them unsafe for "human consumption".

New York plans $15 minimum wage at fast-food chains

Last Updated: Thursday, July 23, 2015, 08:20

New York state was poised Wednesday to raise the minimum wage to $15 in the fast-food sector, a key victory in a long-running workers campaign for liveable wages.

Gold teeters near five-year low after ''bear raid,'' braced for more losses

Last Updated: Wednesday, July 22, 2015, 06:27

Gold edged higher on Tuesday, the day after it took its deepest dive in years and hit five-year lows, with many dealers bracing for more losses on expectations for a rise in U.S. interest rates and subdued demand from India.

Gold plunges to five-year lows after early Asia rout

Last Updated: Tuesday, July 21, 2015, 03:37

Gold prices plunged more than 4 percent to five-year lows on Monday as a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bullion`s biggest rout in years.

Wall St opens higher; NYSE trading normal at open

Last Updated: Thursday, July 9, 2015, 19:35

U.S. stocks were sharply higher at the open on Thursday as trading returned to normal at the New York Stock Exchange, a day after the exchange suspended operations for almost four hours due to a technical glitch.

Wall St lower on China fears; NYSE back to business

Last Updated: Thursday, July 9, 2015, 01:23

The US stocks fell more than 1 percent in afternoon trading on Wednesday as market turmoil in China eclipsed Greece`s debt crisis, while trading on the New York Stock Exchange resumed after a three-hour halt.