Islamabad Bomb kills 23, several wounded
- 09-Apr-2014
ISLAMABAD/RAWALPINDI: At least 23 people were killed and over 50 persons were seriously injured in a bomb blast near Sabzi Mandi in federal capital Islamabad on Wednesday morning, ARY News reported. Emergency has been declared at all the hospitals of the twin cities of Islamabad and Rawalpindi. The dead bodies and injured were rushed to the […]
Brent holds above $106 on bargain-hunting after overnight drop
- 18-Mar-2014
SINGAPORE: Brent edged higher above $106 a barrel on Tuesday, with bargain-hunting kicking in after the benchmark fell nearly $2 in the previous session as there seemed little likelihood of the Ukraine crisis interrupting Russian oil supplies. Crude prices had earlier rallied in advance of the reaction by the United States and Europe to the […]
Yen nurses losses, euro edges up as Ukraine anxiety ebbs for now
- 18-Mar-2014
TOKYO: The safe-haven yen stayed below a recent peak against the dollar and the euro stood firm on Tuesday as anxiety over the Ukraine crisis ebbed for the time being. Economic sanctions imposed by the United States and the European Union against Russia following Crimea's weekend vote to join Moscow were seen as too modest […]
Shares capped by China data, Ukraine worries linger
- 13-Mar-2014
LONDON: Concerns over Chinese growth and political tensions in Ukraine took the fizz out of an attempted rally in riskier assets on Thursday, as world shares steadied after their biggest falls for nearly two weeks. Stock markets in Europe edged higher, with the pan-European FTSEurofirst 300 up 0.2 percent to recoup some of its 1.1 […]
Arab countries to send oil product aid to Egypt
- 13-Mar-2014
Egypt: Arab countries will extend aid to Egypt in the form of petroleum products until at least September, Finance Minister Hany Kadry Dimian said on Thursday, a move that will help avert an energy crunch expected in the summer when consumption soars. Saudi Arabia, the United Arab Emirates and Kuwait have rushed to provide aid […]
Yen in favour as weak China, Japan data sap risk appetite
- 10-Mar-2014
TOKYO/SYDNEY: The yen gained on Monday as weak China data fuelled worries about an economic slowdown, while downbeat Japanese figures underscored the drawbacks of a weaker currency. Investors gave China-proxy currencies such as the Australian dollar a wide berth as their risk appetite faded. Figures out over the weekend showed a surprisingly sharp drop in […]
Brent slips towards $108 on China data
- 10-Mar-2014
SINGAPORE: Brent futures slipped towards $108 a barrel on Monday as data showing an unexpected fall in China's exports added to fears of a slowdown in the world's No. 2 economy, though geopolitical tensions in Ukraine and Libya limited the decline. The sharp drop in exports stoked oil demand-growth worries as it followed a series […]
SE Asia Stocks-Most indexes down
- 10-Mar-2014
BANGKOK: Most Southeast Asian stocks fell on Monday, in line with Asia amid disappointing Chinese trade data and the crisis in Ukraine, while Malaysia hit a week low as shares of Malaysian Airline System hit a record low after the disappearance of a plane. Malaysia's index slipped 0.5 percent to 1,823.34, earlier hovering around the lowest since March 4.Shares […]
China Finance Minister says 7.5 percent GDP growth target is flexible
- 06-Mar-2014
BEIJING: It is all right for China to slightly miss the government's 7.5 percent economic growth target this year as long as enough jobs are created, the finance minister said on Thursday, stressing that a healthy labor market is more important. Lou Jiwei told a briefing at China's annual parliament meeting that the government has three […]
Asian shares spike up
- 06-Mar-2014
TOKYO: Asian shares hit a nine-week high on Thursday as diplomatic efforts moderated the Ukraine crisis, while the euro came under pressure as investors speculated whether the European Central Bank will ease policy later in the day. Any steps the ECB takes to support the still-fragile euro zone economy are likely to boost risk assets, […]