Wednesday 24 August 2016

India appoints Urjit Patel as new cbank chief

India's government promoted Urjit Patel, a deputy governor in charge of monetary policy at the Reserve Bank of India, to serve as its next governor for a three-year term, it said on Saturday. He will replace Raghuram Rajan, a former International Monetary Fund chief economist


Clinton leads Trump by 8 points says poll

Democratic presidential candidate Hillary Clinton leads Republican rival Donald Trump by 8 percentage points among likely voters, according to a Reuters/Ipsos opinion poll released on Friday. The August 14-18 survey showed 42 percent of Americans supported Clinton ahead of the No


Gold down more than 1pc on Fed rate hike views

Gold fell more than 1 percent on Friday, snapping a week-long streak of gains following conflicting signals from US Federal Reserve officials on the timing of a possible rate hike, but was still on track to end the week higher. Spot gold fell as much as 1.5 percent to a session l


US swimmer pays fine for lying to Brazil police

US Olympic gold medallist swimmer Ryan Lochte issued an apology on Friday and his teammate Jimmy Feigen agreed to pay 35,000 reais ($11,000) to a charity after Brazilian police said they lied about being robbed at gunpoint at the weekend. Lochte, who flew to the United States the


Thai police name suspect in deadly blasts

Police identified a Thai man on Friday as a suspect in their investigation into attacks that killed four people and wounded dozens in a wave of bombings in Thailand's south a week ago. Deputy national police spokesman Kissana Phatanacharoen identified the suspect as Ahama Len


Asia stocks fall while dollar crawls up, oil near 8-week high

Asian stocks retreated on Friday as traders took profits from shares close to one-year highs, while the dollar edged up from a near eight-week low after some Federal Reserve officials reiterated the case for raising interest rates in coming months. European stocks looked set for


Gunmen kill policeman in Qatif

A policeman was shot dead by masked gunmen in the Qatif district in Saudi Arabia's oil-producing Eastern Province on Wednesday, state news agency SPA said. Four assailants opened fire on a police station before dawn, SPA reported. Qatif was one of three Saudi c


China uncovers $30bn worth of illegal banking activity

Chinese police have this year uncovered $30 billion worth of illegal banking activity, involving 158 cases of underground banks and money laundering, the official Xinhua news agency reported the Ministry of Public Security (MPS) as saying late on Tuesday. A special task force, jo


Turkey dismisses 2,000 police officers over coup bid

Turkey issued two decrees under emergency rule on Wednesday in which it dismissed more than 2,000 police officers and hundreds of members of the military and the BTK communication technology authority over last month's attempted military coup. Those dismissed were described a


Playboy Mansion sells for $100 million

The famed Los Angeles Playboy mansion belonging to Hugh Hefner, founder of the Playboy empire, has been sold for $100 million, and Hefner, 90, will live in the mansion for the rest of his life, a representative for the buyer said in a news release on Tuesday. The property was bou

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