Section: Dunya TV (Pakistan)
Oil prices sink further in Asian trade
SINGAPORE, (AFP) – Oil suffered fresh losses in Asia Wednesday, sinking to new multi-year lows as dealers watch Russias ruble crisis and await the latest US crude supply report, analysts said.US benchmark West Texas Intermediate for January delivery sank $1.16 in mid-morning trade to $54.77 while Brent crude for February fell 82 cents to...
Obama will sign Russia sanctions bill: White House
WASHINGTON (AFP) – US President Barack Obama will sign into law a bill passed by Congress to tighten sanctions against Russia over its actions in Ukraine, the White House said Tuesday, amid a dramatic run on the ruble.The president does intend to sign the bill, spokesman Josh Earnest told reporters, while adding it does preserve the...
US stocks rise as Russian ruble, oil stabilize
NEW YORK: (AP) – The Russian ruble recouped some of its losses and crude oil steadied Tuesday afternoon, boosting the U.S. stock market.Major U.S. energy stocks surged, leading a rebound in the market. Chevron jumped 3 percent, the biggest gain of the 30 stocks in the Dow Jones industrial average.The ruble strengthened against the dollar...
66 journalists killed in year of ‘barbaric’ attacks
PARIS, (AFP) – Attacks on journalists have grown more barbaric and kidnappings have soared, Reporters Without Borders said Tuesday, in a year when violence against the media took centre stage.A total of 66 reporters were killed in connection to their work in the past year — a slight drop from 71 in 2013 — but kidnappings soared...
Russia hikes key rate to 17% after record ruble tumble
Moscow (AFP) – The Russian central bank early Tuesday announced a dramatic hike of its key interest rate from 10.5 to 17 percent after the ruble plunged to a fresh record low.This decision is aimed at limiting substantially increased ruble depreciation risks and inflation risks, the central bank said in a statement posted on its website...
HRW slams Russia for increasing homophobic crimes
MOSCOW (AFP) – Human Rights Watch sounded the alarm Monday over the rising number of homophobic attacks in Russia, slamming Vladimir Putins government for inaction and urging a crackdown on hate crimes.The US-based rights group said homophobic attacks increased in Russia after Putin signed a hugely controversial law banning gay propaganda...
Sweden called Russian ambassador over near miss by Russian plane
STOCKHOLM (AFP) – Sweden and Denmark summoned Russias ambassadors Monday in protest over a near miss between a Russian surveillance plane and a commercial aircraft, a further sign of rising military tensions in the Baltic.The incident took place Friday south of the Swedish city of Malmoe, shortly after the passenger plane — operated...
Malaysia Airlines shares suspended as part of rescue plan
Kuala Lumpur (AFP) – Malaysia Airlines suspended its shares from the countrys stock exchange Monday under a government rescue plan for the flag carrier which is fighting for survival after losing two planes this year.The airline, whose already loss-making operations took a further beating after the two tragedies, said in a notice to the...
Central banks, oil price rout to rule markets in 2015
PARIS, (AFP) – Addicted to liquidity and disconnected from the real economy, global markets are likely to dance in 2015 to the different monetary policy tunes played by the US Fed, the ECB and China, while plunging oil prices could spice up the mix.In 2015, like the last seven years, it is the central bank interventions which will have an...
Boxing: Stiverne to defend WBC heavyweight title against Wilder
LOS ANGELES (AFP) – Canadian Bermane Stiverne will make his first defense of his World Boxing Council heavyweight world title against American Deontay Wilder on January 17 in Las Vegas, organizers said Sunday.The hard-punching Stiverne won the vacant title with a sixth-round technical knockout of Chris Arreola on May 10, seizing the belt...
