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U.S. major indices move lower on Friday, but close up for the month

WTI Crude falls to fresh four-month lows, amid U.S. oil

U.S. stocks fell slightly on Friday, as the lowest quarterly reading of national wage growth in more than three decades bolstered arguments for a delayed interest rate hike by the Federal Reserve. Despite minor losses overall on the final day of trading in July, all three major indices closed higher for the month – one […]

Wall Street ends lower as weak oil weighs

Wall Street ends lower as weak oil weighs - If and What

Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the US Federal Reserve might hold off on an interest rate. Exxon Mobil shares dropped 4.58 percent while Chevron lost 4.89 percent after reporting poor quarterly earnings due to weak oil prices. The […]

Abenomics needs to be ‘reloaded’, warns IMF

Abenomics needs to be 'reloaded', warns IMF - If and What

Japan needs to reduce its reliance on a weak yen to reflate its economy, the International Monetary Fund (IMF) warned, as it called on authorities to speed up “high impact” structural reforms and prepare for further monetary easing. “The Bank of Japan needs to stand ready to ease further, provide stronger guidance to markets through […]

Gold halts 4-day falling streak, rebounds Rs 120

Gold halts 4-day falling streak, rebounds Rs 120 - If and What

Snapping its four-day losing streak, gold on Thursday regained its glitter to close Rs 120 higher at Rs 25,370 per 10 gram at the bullion market after the precious metal rebounded in global market. In addition, emergence of buying by jewellers at prevailing levels, though selective, supported the upside in the precious metal prices. Silver […]

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