Saturday 20 September 2014

Gold at 8-month low on strong dollar

Gold dropped to fresh eight-month lows on Monday on fears that the US Federal Reserve may signal an early interest rate hike at this week's policy meeting, while the strength in the dollar and weak physical demand also weighed on bullion.      Spot gold fell to


Islamic State claims beheading of UK hostage

Islamic State militants fighting in Iraq and Syria released a video on Saturday that purported to show the beheading of British aid worker David Haines. Reuters could not immediately verify the footage. But the images were consistent with that of the filmed executions of two Amer


Islamic State 'has 31,500 fighters'

The top US intelligence agency has sharply raised its estimate of the number of Islamic State fighters in Iraq and Syria to between 20,000 and 31,500, from its estimate in June of about 10,000. A CIA spokesman said the new assessment reflected stronger recruitment by the radical


Malala attackers held in Pakistan

The Taliban gunmen, who tried to kill Pakistani schoolgirl campaigner Malala Yousafzai in the country's restive northwest two years ago, have been arrested, the army said. Militants boarded the teenage activist's school bus and shot her in the head in October 2012 for her


India's recovery hit by weak industrial output

India's industrial output growth hit a four-month low in July while inflation remained high, underscoring the struggle of Asia's third-largest economy to make a sustained recovery from its longest stretch of sub-par growth in decades. Output from mines, utilities and fact


EU ministers rap France over broken vow

France yesterday faced harsh criticism for failing to meet a deadline to put its finances in order, as frustrated euro zone ministers struggled to keep alive their post-crisis strategy for the bloc's stagnating economy. Emboldened by the European Central Bank's (ECB) shif


US, EU hit Russia with more Ukraine sanctions

The United States and European Union imposed new sanctions against Russia on Friday, tightening financial measures against Moscow over its intervention in Ukraine despite a week-old ceasefire which has brought calm to the embattled east. President Vladimir Putin called the new sa


US opposes Iran role in anti-Islamic State coalition

US Secretary of State John Kerry said on Friday it was "not appropriate" for Iran to join talks on confronting Islamic State militants, as he appeared to play down how fast countries can commit to force or other steps in an emerging coalition. Kerry met Turkish leaders


Upswing in US retail sales spurs growth hopes

US retail sales rose broadly in August and consumer sentiment hit a 14-month high in September, supporting expectations for sturdy economic growth in the third quarter. The data on Friday helped ease concerns about soft consumer spending, which had lagged other fairly upbeat econ


Top Republicans back Obama's battle plan

The Republican leader of the US House of Representatives voiced support on Thursday for President Barack Obama's expanded campaign against Islamic State militants, but members of his party questioned whether the plan was forceful enough. Obama sent a panel of top administrati

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