Tuesday 4 August 2015

Gold falls 1pc as dollar rises on Fed rate prospects

Gold fell more than 1 per cent on Thursday, trading close to a 5-1/2-year low hit last week, as the dollar jumped after the Federal Reserve left the door open for a rate rise in September and ahead of US GDP data. After a two-day meeting, Fed policymakers said the economy had ove


India hangs man convicted of 1993 Mumbai blasts

India hanged Yakub Memon on Thursday for his role in the country's deadliest bombings, which killed at least 257 people in Mumbai in 1993, after the Supreme Court rejected a desperate overnight plea to delay his execution. Memon was sent to the gallows in a jail complex in Na


India cbank may hold rates now; cut seen by year-end

The Reserve Bank of India is unlikely to loosen policy before October, particularly with retail inflation at an eight-month high after food prices spiked, a Reuters poll of economists found. All but four of 51 forecasters polled expect the RBI to hold its key repo rate at 7.25 pe


Forest fire hits flights from Rome

A forest fire raged near Rome's Fiumicino airport on Wednesday, forcing the suspension of departures and the reduction of arrivals at Italy's busiest hub, officials said. The fire was burning in one of several forests of pine trees near the airport. Esterin


Platini to stand for Fifa presidency

UEFA head Michel Platini announced on Wednesday his intention to stand for presidency of Fifa in place of Sepp Blatter. "This was a very personal, carefully considered decision, one in which I weighed up the future of football alongside my own future," he said in a stat


Taliban leader Mulla Omar dead says report

The leader of the Afghan Taliban, Mullah Mohammed Omar, has died, a BBC report said quoting Afghan officials. The reclusive leader died two to three years ago, Afghan government and intelligence sources were quoted as saying by BBC. Taliban spokesman contacted by n


Oil falls on glut fears, weaker dollar support

Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in US crude stocks and a weakening dollar. Asian investors focused on OPEC production figures that showed members of the Organization of the


Gaddafi son Saif 'sentenced' to death

A Libyan court has sentenced Saif Islam Gaddafi, son of late Libyan leader Muammar Gaddafi, to death for war crimes during  the 2011 unrest. More than 30 former Libyan officials were accused of committing war crimes during the unrest that ended in the overthrow of the countr

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