Thursday 18 September 2014

Qatar doesn't fund IS in Syria, Iraq: Emir

Qatar's Emir Sheikh Tamim bin Hamad Al Thani assured the West on Wednesday that it was not aiding Islamic State in Iraq and Syria, telling Germany that his own country's security was jeopardised by the militants. Last month, a German cabinet minister accused Qatar of fina


Oil gains on Opec production cut talk

US crude futures rose by almost $2 and Brent by more than $1 on Tuesday on the prospect of a production cut by Opec as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery. The dollar began selling off just ahead of a meeti


Cannot rule out larger ground role in Iraq: US

The most senior US military officer raised the possibility on Tuesday that American troops might need to take on a larger role in Iraq's ground war against Islamic State militants, but the White House stressed they would not deploy on a combat mission. General Martin Dempsey,


Judge warns Fifa after World Cup votes probe

Hans-Joachim Eckert, the German judge deciding what action to take following Fifa's investigation into alleged corruption surrounding the 2018 and 2022 World Cup votes, said he doubted "if soccer and ethics can still fit together". The Munich-based head of the Adjud


Petra sells rare blue diamond for $27.6m

London-listed Petra Diamonds Ltd sold a rare blue diamond found at its mine in South Africa for $27.6 million, falling short of the price some analysts had expected it to fetch. The company recovered the 122.52-carat diamond in June from its Cullinan mine, a site with a long and


Storm batters Mexico resorts, knocks out power

Tropical Storm Odile ground its way up Mexico's Baja California peninsula on Monday, gradually losing strength after forcing the evacuation of thousands and smashing shops open to looters in the popular tourist area. The government said it would use military and commercial pl


Oil steady below $98, capped by weak demand

Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook. Data reflecting lacklustre manufacturing output performance in the world's two largest


700 migrants feared drowned in Mediterranean

More than 700 people fleeing Africa and the Middle East may have drowned in shipwrecks in the Mediterranean over the last week, bringing the death toll this year to almost 3,000, the International Organisation for Migration (IOM) said on Monday. In the worst incident, as many as


US strikes Islamic State target near Baghdad

The US military struck an Islamic State target southwest of Baghdad, US Central Command said on Monday, in an expansion of the Obama administration's campaign against the militant group that has seized large swaths of Iraq and neighboring Syria. "The airstrike southwest


Gold at 8-month low on strong dollar

Gold dropped to fresh eight-month lows on Monday on fears that the US Federal Reserve may signal an early interest rate hike at this week's policy meeting, while the strength in the dollar and weak physical demand also weighed on bullion.      Spot gold fell to

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