Sunday 29 March 2015

Houthis advance towards Aden

Fighters from Yemen's dominant Houthi movement drew closer to President Abd-Rabbu Mansour Hadi's refuge in Aden on Tuesday, taking over two towns north of the port city as columns advanced from different directions. A Houthi official said however that they were not target


Europe banks set to sell record $108bn unwanted loans

Europe's banks are likely to sell a record 100 billion euros ($108.6 billion) of loans this year that are no longer part of their main businesses, according to consultants PwC, chipping away at a pile of 1.9 trillion euros of unwanted assets. European banks last year sold 91


Expect a long wait for return of $100 oil - Sinopec

Asia's largest refiner, Sinopec Corp, said on Monday it expects prolonged weakness in global oil prices, forcing it to cut spending and turn more cautious about acquisitions. "This year's oil prices won't be high. It will take a very, very long time for internati


Gold near 2-week high, retains gains on weaker dollar

Gold retained gains from a three-day rally on Monday to trade near its highest in two weeks, boosted by a weaker dollar and caution from the Federal Reserve on the timing of a possible hike in US interest rates. Spot gold was little changed at $1,182.55 an ounce by 0715 GMT. It c


Lockheed fixing software glitch with GPS satellites

Lockheed Martin Corp said it is working to resolve a technical error disclosed by the US Air Force on Sunday that affected some global positioning system (GPS) satellites but did not degrade the accuracy of GPS signals received by users around the world. Lockheed said the error i


Singapore's founding father Lee Kuan Yew dies

Lee Kuan Yew, Singapore's first prime minister, died on Monday aged 91, triggering a flood of tributes to the man who oversaw the tiny city-state's rapid rise from a British colonial backwater to a global trade and financial centre. US President Barack Obama described Lee


Houthis seize strategic Yemeni city

Houthi fighters opposed to Yemen's president took over the central city of Taiz in an escalation of a power struggle diplomats say risks drawing in neighbouring oil giant Saudi Arabia and its main regional rival Iran. Residents of Taiz, on a main road from the capital Sanaa t

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