Tuesday 7 July 2015

Oil prices stabilise after massive selloff

Crude oil prices steadied on Tuesday, after posting one of their biggest selloffs this year the previous session over Greece's rejection of debt bailout terms and China's stock market woes. Front-month US crude futures were trading at $52.97 per barrel at 0332 GMT, up 44


Oil prices tumble after Greece vote

Oil prices fell sharply early on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps to prevent a full-blown stock market crash. The result of the Greek referendum put in doubt its continued


Greeks defy Europe with overwhelming referendum

Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders. As the euro slid more than 1 per cent against the dollar and European st


Yemen's Houthis shell key regions in Saudi Arabia

Yemen's dominant Houthi group and its army allies said on Saturday it had shelled various areas in Saudi Arabia's Jizan and Najran, killing and wounding several soldiers. The Houthi-controlled Saba news agency said 13 shells had been launched on Friday, targetting several


UK private-sector growth falls to six-month low

Growth in Britain's private sector eased to its lowest level since the end of last year during the three months to June, although optimism among companies surged, according to the Confederation of British Industry. The CBI said on Saturday its monthly growth indicator -- base


Greece votes in high-stakes referendum

Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain. Staged against a backdrop of shuttered banks and threats of f


Tunisia declares state of emergency after hotel attack

Tunisian President Beji Caid Essebsi declared a state of emergency on Saturday to give his government more powers following an Islamic militant attack on a beach hotel, where 38 foreign tourists, mostly Britons, were killed. Tunisia's emergency law temporarily gives the gover


Europe won't let Athens go under, says Greek minister

Greece's finance minister accused creditors of trying to "terrorise" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced out of the euro after a referendum on Sunday on bailout terms. After a week in which Greece


25 Qaeda members killed in Syria blasts

An explosion in a mosque in northern Syria killed 25 members of Al Qaeda's Syrian affiliate, including one of its leaders, as they attended Ramadan prayers, a monitoring group said on Friday. Director of the Syrian Observatory for Human Rights Rami Abdel Rahman said the death


NY tightens security for July 4 after alert

New York Governor Andrew Cuomo on Friday ordered heightened security measures across the state over the US July Fourth holiday weekend in response to a call for vigilance by the federal government. "We are keenly aware that New York State remains a top target for terrorists,

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