Why forex brokerage firms are staring at a dark future

Today, they can’t meet even the piffling capital norm set by Mint Road - Rs 5 crore for partnerships and Rs 10 crore for public and private firms in this line of business.Bulk of the trades......

Wall Street suffers worst day in four years, S&P confirms correction

Monday's drop followed an 8.5 per cent slump in Chinese markets Investors rattled about China sent US stock indices almost 4 per cent lower on Monday in an unusually volatile session that confirmed......

Wall St pares losses as Apple rebounds

US stocks staged a dramatic recovery off their lows on Monday, helped by a turnaround in Apple's shares, but the three main indexes remained in or within spitting distance of correction territory......

Strong jobs, weak inflation data muddy Fed rate debate

Several Fed policymakers have said publicly they felt a rate hike will likely be justified next month, though they are monitoring jobs and other data closely. The US Federal Reserve building in......