Friday 12 February 2016

US urges allies to accelerates anti-IS campaign

The US is pressing allies to contribute more to a US-led military campaign against Islamic State that it says must be accelerated, regardless of the fate of diplomatic efforts to end Syria's civil war. US Defence Secretary Ash Carter is due to start talks on Thursday afternoo


Scramble for safety boosts gold and bonds

Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping US dollars on bets the Federal Reserve could be done raising interest rates. Even the absence of Tokyo for a holiday could not stop the dolla


US, India mull joint patrols in South China Sea

The United States and India have held talks about conducting joint naval patrols that a US defence official said could include the disputed South China Sea, a move that would likely anger Beijing, which claims most of the waterway. Washington wants its regional allies and other A


Oil nears $31 as Russia floats idea of supply cut

Oil rose towards $31 a barrel on Wednesday after four days of declines, supported by the prospect of Opec and rival producers cooperating to tackle a supply glut that has sent prices to a 12-year low. Iran's oil minister said Tehran was ready to negotiate with Saudi Arabia an


Oil prices rebound from sharp selloff

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 per cent fall in the previous session led by concerns over demand and weak equities. Prices were supported by comments from Iran's oil ministe


Obama proposes $4.1 trillion spending plan

US President Barack Obama has proposed a $4.1 trillion spending plan for fiscal year 2017 in a final White House budget that met immediate Republican resistance for its cost and reliance on tax hikes to fund domestic priorities. Obama, a Democrat who leaves office next January, s


Gold heads towards seven-month high

Gold rose on Tuesday as shares resumed falls, and was just below the 7 1/2-month high struck the previous day after growing concerns about the global economic outlook sent investors into safer assets. The precious metal saw some profit taking in early trade after failing to push


UN fears for hundreds of thousands in Aleppo

Hundreds of thousands of civilians could be cut off from food if Syrian government forces encircle rebel-held parts of Aleppo, the UN said on Tuesday, warning of a massive new flight of refugees from a Russian-backed assault. Syrian government forces, backed by Russian air strike


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

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