Monday 25 May 2015
 
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Malaysia finds 139 migrant graves

Malaysia's police chief said on Monday that 139 graves believed to contain the remains of migrants were found near the country's border with Thailand, and that some graves contained more than one body. The graves were found at 28 suspected human trafficking camps located

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Oil prices edge up on firm Asian, US demand

Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the US driving season. Front-month Brent crude prices had gained 2 cents to $65.39 per barrel by 0312 GMT. US crude prices were up 14 cents at $59.86 a barrel. "Global oil d

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Saudi King vows to punish people behind attack

Saudi Arabia's King Salman said on Sunday he was "heartbroken" over a suicide bombing at a Shi'ite mosque in the kingdom that killed 21 people, state news agency SPA reported, a conciliatory statement as sectarian strife intensifies in the region. Salman said an

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Bank of England confirms EU exit research

The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project. The Guardian reported that an aide to a se

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Shi'ite militias launch counter-offensive against IS

Shi'ite Muslim militiamen and Iraqi army forces launched a counter-offensive against Islamic State insurgents near Ramadi on Saturday, a militia spokesman said, aiming to reverse potentially devastating gains by the jihadi militants. The fall of Ramadi, the Anbar provincial c

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India planning new rules for oil subsidies

India plans to reform rules governing the level of discounts upstream state oil firms including Oil and Natural Gas Corporation (ONGC) offer to retailers, a senior finance ministry official said yesterday, a move that could expedite the sale of a stake in the company. The governm

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S Sudan ‘in control of oil-producing Upper Nile state’

South Sudan's government said on Friday it had wrested control of oil-producing Upper Nile State, the scene of heavy fighting in recent days, from rebel fighters. South Sudanese rebels said on Tuesday they had captured a refinery near a major oilfield in Upper Nile State, whe

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Magnitude 6.8 quake strikes off Solomon Islands

A magnitude 6.8 earthquake struck close to the Solomon Islands in the South Pacific Ocean, just days after the archipelago was hit by another strong earthquake, the US Geological Survey said on Friday. The quake, initially reported as a magnitude 6.9, struck at 8:45 a.m. on Satur

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US bird flu causes emergency measures

As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps - importing eggs from overseas or looking to egg alternatives. A spokeswoman for Archer Daniels Midland Co said that as egg

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Oil down 2pc as dollar rallies

Oil fell about 2 per cent on Friday as a rallying dollar and profit-taking ahead of a long US holiday weekend cut short a two-day run-up in crude prices. Heating oil, a proxy play for diesel, also fell almost lost 2 per cent while gasoline lost more than 1 percent on concerns of

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