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TOKYO, July 18- The yen hit a five-month high versus the euro on Friday and held some of its overnight gains against the dollar as investors saw the currency as a safe haven after the downing of an airliner over Ukraine and the Gaza conflict stoked geopolitical tension. The Malaysian Airlines passenger jet was brought down over eastern Ukraine.
*Gold slips after sharp overnight jump. SINGAPORE, July 18- Gold dipped on Friday on profit-taking after a sharp overnight jump, but the metal is being supported by a wave of risk aversion after a Malaysian airliner was downed in eastern Ukraine, killing nearly 300 people.
Pavlo Sultansky, Ambassador of Ukraine to Singapore, says Russia provided separatists with sophisticated weapons that enabled the shooting down of aircrafts, including Malaysian jet MH17.
Denny Kelly, Principal at Kelly James & Associates, explains why he's not jumping the gun at claims that the Malaysia Airlines flight MH17 was shot down by a surface-to-air missile.
Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities, expects gold prices to continue the uptrend after the downing of a Malaysian jet and rising tensions in the Gaza strip.
TOKYO, July 18- Japan's Nikkei share average dropped to a one-week low on Friday morning and posted its biggest one-day fall in two months as investors turned risk averse on news that a Malaysian Airlines passenger jet was shot down near the Ukraine- Russia border.
Tom Haueter, Former Director of Aviation Safety at NTSB, says flights should have been diverted away from Ukraine due to previous shoot-downs.
"This action expands a prohibition of U.S. flight operations issued by the FAA in April, over the Crimean region of Ukraine and adjacent areas of the Black Sea and the Sea of Azov," the agency said. Earlier in the day, the FAA said American air carriers had voluntarily agreed to avoid flying through airspace near Russia's border with Ukraine after the crash.
Pro-Russian rebels have agreed to a temporary ceasefire after the crash of Malaysia Airlines flight MH17. CNBC's Sri Jegarajah reports from Kuala Lumpur with the latest.
*Ukraine says rebel missile shoots down Boeing 777 with 298 aboard. HRABOVE, Ukraine, July 18- The United States believes a surface-to-air missile brought down a Malaysian airliner that crashed in eastern Ukraine on Thursday, killing all 298 people on board, an incident that sharply raises the stakes in a conflict between Kiev and pro- Moscow rebels.
Glen Winn, Instructor, USC Aviation Safety and Security Program, explains why the Malaysian jet had the right to fly over eastern Ukraine, despite fighting between Ukrainian and pro-Russian rebels.
SYDNEY, July 18- Australia's Qantas Airways, Korea Air Lines Co Ltd and Asiana Airlines Inc said on Friday they shifted flights operating over Ukrainian air space months ago amid increasing tensions between Kiev and pro- Moscow rebels.
SINGAPORE, July 18- Gold climbed on Friday on safe-haven demand after a Malaysian airliner was downed in eastern Ukraine, killing nearly 300 people onboard, escalating geopolitical tensions and pushing down global equity markets.
SEOUL, July 18- U.S. crude oil futures rose in early Asian trade on Friday towards $104 a barrel, after jumping $2 in the previous session on news that a Malaysian airliner was shot down over eastern Ukraine.
TOKYO, July 18- Asian shares sagged in early trading and a drop in Treasury yields pressured the dollar after news of a downed Malaysian airlines jet at the Ukraine- Russia border sent investors scurrying into defensive assets.
John Cox, CEO, Safety Operating Systems, says the missile that hit the Malaysia Airlines jet was at an unprecedented altitude and hence, it is appropriate to block the airspace over Ukraine.
TOKYO, July 18- The yen marched to a five-month high versus the euro and rallied against the dollar on Friday, as news of a Malaysian airliner being downed over Ukraine and escalating conflict in Gaza boosted the safe-haven currency.
Ian Bremmer, President and Founder of Eurasia Group, says Russian president Vladimir Putin needs to reassess his "all-in strategy" in Ukraine after the crash of Malaysia Airlines flight MH17.
CNBC's Dina Gusovsky provides insight to how the Russian media is reporting on the Malaysia Airlines passenger jet which was shot down in Ukraine.
Malaysia Airlines has issued a new statement on the total number of passengers killed when its passenger jet MH17 was shot down, reports CNBC's Scott Cohn.