Saturday 28 March 2015

Gold falls on dollar after7-day rally, set for weekly gain

Gold fell on Friday, snapping a seven-day rally as the dollar rebounded after Federal Reserve officials signalled they remained on track to raise rates this year, but the metal still looked set to post its second straight weekly gain. At separate events on Thursday, the president


Saudi-led campaign strikes Yemen's Sanaa, Morocco joins

Warplanes targeted Houthi forces controlling Yemen's capital and their northern heartland on Friday, the second day of a Saudi-led campaign to stop the Iranian-allied militia establishing its rule across the country. In a boost for Riyadh, fellow monarchy Morocco said it woul


Co-pilot 'crashed Germanwings plane deliberately'

The co-pilot of the Germanwings airliner that crashed in the French Alps killing all 150 people aboard appears to have brought the A320 Airbus down deliberately, the Marseille prosecutor said on Thursday. German Andreas Lubitz, 28, left in sole control of the Airbus A320 after th


Gold rallies as Yemen air strikes rattle markets

Gold rallied to a 3-1/2 week high on Thursday and silver rose nearly 3 per cent as escalating tensions in the Middle East knocked stocks and the dollar and drove investors into assets seen as lower risk, like bullion and German bonds. European stocks tumbled 1.3 per cent, the dol


Iran seeks halt to military actions in Yemen

Iran demanded an immediate halt to Saudi-led military operations in Yemen on Thursday and said it would make all necessary efforts to control the crisis there, Iranian news agencies reported. Warplanes from Saudi Arabia and Arab allies on Thursday struck Iran-allied Houthi forces


Iran condemns Saudi air strikes in Yemen

The Iranian Foreign Ministry condemned on Thursday the military operation by Saudi Arabia and its Gulf Arab allies in Yemen, state television reported. It gave no further details. Iran denies providing money and training to the Shi'ite Houthi militia in Yemen,


Oil prices surge over air strikes in Yemen

Brent crude oil shot up nearly 6 per cent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although importers saw little immediate threat to supplies. The strike against Houthi rebels, who have driven the president from Yemen's capi


Many nations to join Saudi operation in Yemen

Saudi Arabia and Gulf region allies launched military operations including air strikes in Yemen on Thursday, officials said, to counter Iran-allied forces besieging the southern city of Aden where the US-backed Yemeni president had taken refuge. Gulf broadcaster Al-Arabiya TV rep


Limit UN goals, get more value for money: study

Focusing on a few global UN targets for 2030, such as cutting child malnutrition or phasing out fossil fuel subsidies, will give better value for money than a scattergun list, an expert panel said on Thursday. The group, comprising two Nobel economics laureates and a US professor


Pilot ‘locked out of Airbus cockpit before crash’

Cockpit voice recordings from the German jet that crashed in the Alps showed one of the pilots left the cockpit and could not get back in before the plane went down, killing everyone onboard, the New York Times reported. The recordings did not make clear why the pilot left the co

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