Monday 25 May 2015

UBS to pay $545m over forex scandal

UBS will pay $545 million to US authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals. The amount was lower than expected and this contributed to a more than three


Saudi jets pound army bases, depots in Sanaa

Warplanes from a Saudi-led coalition carried out the most sustained bombardment of Yemen's capital Sanaa in nearly two months of air strikes on Tuesday night, residents of the city said, hitting army bases and weapons depots. It was the first time air strikes continued from m


Oil rises on strong Japan, Australia economic data

Crude oil prices bounced back on Wednesday from steep falls in the previous session as strong Japanese economic growth surprised markets and the business outlook in Australia also seemed to brighten, stoking producer hopes of increased demand. Japan's economy, the world's


Yemen sets conditions for peace talks with Houthis

Yemen's exiled government will not agree to peace talks until Houthi rebels implement a UN Security Council resolution requiring them to quit cities and hand over captured weapons, its vice president said on Tuesday. UN envoy Ismail Ould Cheikh Ahmed said the Houthis had give


UK police arrest 7 men over jewellery heist

British police said they had arrested seven suspects, including three pensioners, on Tuesday over a multi-million pound raid in London's jewellery business district last month, which local media say could have been the country's biggest-ever heist. In the audacious raid,


UK inflation negative for first time since 1960

Britain's annual rate of consumer price inflation fell below zero for the first time in more than half a century, official figures showed on Tuesday, though Bank of England Governor Mark Carney said the dip was likely to be brief. British finance minister George Osborne also


Nearly 25,000 fled IS attack on Ramadi in Iraq -UN

Close to 25,000 people fled the Iraqi city of Ramadi after it was attacked by Islamic State militants and most of them headed towards Baghdad, the United Nations said on Monday. UN and other aid agencies have begun distributing food, water and medical supplies as well as setting


Oil extends losses over weak China data

Brent oil prices dropped on Tuesday on signs of weakness at the world's top energy consumer China, while US crude futures edged up on rising demand ahead of the summer driving season. Brent futures were down 9 cents at $66.18 a barrel by 0413 GMT, after an almost 1 percent fa


Nearly 200 arrested in deadly Texas biker gang shootout

Nearly 200 people were arrested on Monday in a shootout between rival motorcycle gangs a day earlier where nine people were killed and 18 injured at a restaurant that law enforcement called a horrific crime scene. The bikers from at least five rival gangs attacked each other with


KBR wins appeal against $81m judgment

KBR, a global technology, engineering, procurement and construction company, today announced that it has won its appeal in the US Court of Appeals for the Ninth Circuit over an $81 million judgment against the company. The Court of Appeals ruled in KBR's favour and vacated an

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