Tuesday 9 February 2016

Canada to end bombing missions in Iraq, Syria

Canadian Prime Minister Justin Trudeau said Canada would pull out six jets that have been bombing targets in Iraq and Syria, ending a controversial combat role in the fight against Islamic State. Trudeau's Liberals won an election last October promising to withdraw the jets b


India introduces net neutrality rules

India introduced rules on Monday to prevent Internet service providers from having different pricing policies for accessing different parts of the Web, in a setback to Facebook Inc's plan to roll out a pared-back free Internet service to the masses. The new rules came after a


Stocks dumped for safe havens as bank fears flare

Asian share markets were scorched on Tuesday as stability concerns put a torch to European bank stocks and sent investors stampeding to only the safest of safe haven assets. As fear overwhelmed greed, yields on longer-term Japanese bonds hit zero for the first time ever, the yen


Oil prices jump, shrug off equity slump, glut concerns

Crude oil prices jumped as much as 2 per cent in early Asian trade on Tuesday, shrugging off big drops in Japan's stock market and eroding some of the previous session's losses that were driven by festering concerns about global oversupply. US crude CLc1 was up 44 cents a


India sees higher growth even as economy loses steam

India's economic growth slowed in the last quarter of 2015, adding to pressure on Prime Minister Narendra Modi's government to expedite stalled reforms in the next session of parliament when it presents its annual budget. Gross domestic product grew an annual 7.3 percent


Gold price surges to highest level since June

The price of gold jumped more than 2 percent on Monday to touch its highest level since June, extending last week's sharp gains, as sliding stock markets and worries over global economic growth prompted investors to seek safety in hard assets. Spot gold reached a peak of $1,1


US athletes 'can skip Olympics if they fear Zika'

The US Olympic Committee has told the country's sports federations that athletes and staff concerned for their health over the Zika virus should consider not going to the Rio 2016 Olympic Games in Brazil in August. The message was delivered in a conference call involving USOC


Car bomb blast in Riyadh; none hurt

An explosion damaged a car in the Saudi capital Riyadh on Monday, the Saudi Press Agency reported. A police spokesman said a citizen had reported that his car had been damaged by a blast on Monday while parked in front of his house in the city's Al-Azizia district, according


Gold hits 3-month high on global economy concerns

Gold hit three-month highs on Monday, extending its biggest weekly rise since July 2013 as sliding stock markets, global growth uncertainty and a softer dollar prompted investors to seek safety in hard assets. Spot gold reached a peak of $1,176.90, its strongest since Oct. 28, an


Taiwan quake toll hits 35, 100 missing under tower

The death toll from an earthquake in southern Taiwan at the weekend climbed to 35 on Monday, with more than 100 people still listed as missing under a 17-storey building that collapsed and where all rescue efforts are being focused. The quake struck at about 4 a.m. on Saturday (2

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