Tuesday 1 September 2015

Asian shares slip over downbeat China PMIs

Asian shares fell on Tuesday and the dollar struggled after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy. China's official Purchasing Managers' Index (PMI) fell to


Oil sinks 3pc as investors retreat from gains

Oil prices fell three per cent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and US crude soared more than eight per cent in the previous session. Both Brent and US crude prices dropped nearly $2 a barrel shortly after trading i


India's slower growth boosts rate cut calls

Indian growth slowed by more than expected in the quarter to June, a setback for Prime Minister Narendra Modi that will prompt more urgent calls from his aides for interest rate cuts. Many government officials in New Delhi had been talking of taking the baton of global growth in


Migrant boat sinks off Libyan coast, kills 37

A boat carrying migrants sank off Libya's Mediterranean coast, killing at least 37 people, a local official said on Sunday, the second such fatal accident within days. "We had reports this morning that there are seven bodies of illegal migrants that sank off Khoms (east


Oil prices fall 5pc on profit taking

Oil prices fell in Asia on Monday as traders took profits, snapping gains last week that saw the biggest two-day rally in six years. Brent crude futures for October delivery slipped nearly $1, or 2 per cent, putting the benchmark on track for its fourth straight monthly decline,


Thai police hunt more bomb suspects after arrest

Police probing Thailand's deadliest bombing widened their net in the search for more suspects on Sunday after a foreigner was arrested and stacks of fake passports and bomb-making materials were found during a raid on a Bangkok apartment block. The 28-year-old man, who has be


Europe fails on electronics recycling goals

Only a third of Europe's electronic waste is properly recycled, with vast numbers of cellphones, computers and televisions illegally traded or dumped, a study led by the United Nations and Interpol said on Sunday. Sweden and Norway were close to European targets of collecting


Focus turns to US data as China slowdown looms

After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term US interest rate hike and help tamp down the market's recent wild swings. The ec


Turkish jets join US-led coalition strikes on IS

Turkish jets took part in US-led coalition air strikes against Islamic State in Syria for the first time on Friday, the Turkish Foreign Ministry said.   "Our jets started last night to carry out air operations with coalition forces against IS targets in Syr


LA committee backs bid to host 2024 Olympics

A committee of the Los Angeles City Council voted on Friday to support an effort to bring the 2024 Summer Olympics to Los Angeles, ahead of a deadline next month for US Olympic organisers to decide on an American city to bid for the games.   The US Olympic Commi

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