GO
Loading...

Middle East

More

  • *Fighting escalates in Yemen, no resolution in sight. SINGAPORE, April 27- Brent crude prices held near a 4-1/ 2 month high above $65 a barrel on Monday, supported by concerns about fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against...

  • *Nepal's health system creaking under pressure. The sick and wounded lay out in the open in the capital, Kathmandu, unable to find beds in the devastated city's hospitals. Across Kathmandu and beyond, exhausted families whose homes were either flattened or at risk of collapse laid mattresses out on streets and erected tents to shelter from rain.

  • *Raids on MQM party in Karachi welcomed by some. ISLAMABAD, April 27- The chief of Pakistan's main spy agency is spearheading a campaign to wrest control of the teeming port city of Karachi from a powerful political party, the military's latest, and some say boldest, foray into civilian life in recent years. "There is a quiet, creeping takeover of Karachi by the...

  • Nepal's health system creaking under pressure. By Gopal Sharma and Sanjeev Miglani. Across the capital, Kathmandu, and beyond, exhausted families lay mattresses out on streets and erected tents to shelter from rain.

  • Strong India rupee stings Modi's export ambitions Sunday, 26 Apr 2015 | 5:00 PM ET

    NEW DELHI, April 27- Ajit Lakha, who runs a mid-sized garment export business in the north Indian textile hub of Ludhiana, prays daily before leaving for work that the rupee will weaken and the euro recover to cut the losses he is taking on his overseas sales. "Only a year ago, I was getting 80 rupees for each euro on garment exports to France. The result has been India's...

  • LONDON— There is still time to save lives— that's why governments and aid agencies Sunday rushed doctors, volunteers and equipment to Nepal without waiting for the dust to settle. U.N. spokeswoman Orla Fagan, who is heading to Nepal, said preventing the spread of disease is one of the most important tasks facing aid workers who are arriving. They will use military...

  • *Fatalities in India, China and Bangladesh. KATHMANDU, April 26- Overwhelmed doctors moved hundreds of patients onto the streets of Nepal's capital on Sunday when aftershocks rattled hospitals and buildings already damaged by an earthquake that killed more than 2,400 people and devastated Kathmandu valley. Outside the National Trauma Centre in Kathmandu,...

  • CAIRO, April 26- Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in the past two months following a central bank crackdown. The black market had flourished as a slump in tourism and investment since the overthrow of Hosni Mubarak in 2011 limited supply of hard currency-- undermining an image of relative...

  • Nepal earthquake death toll climbing Saturday, 25 Apr 2015 | 9:27 AM ET
    Emergency rescue workers carry a victim on a stretcher after Dharara tower collapsed on April 25, 2015 in Kathmandu, Nepal.

    An earthquake with estimated magnitude of 7.9 shook Nepal on Saturday near its capital, killing many and triggering an Everest avalanche.

  • DIARY- Emerging Markets Economic Events to May 7 Friday, 24 Apr 2015 | 8:02 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • WASHINGTON, April 24- The notion that one man trading from his parents' house in a working class London suburb had a material role in the 2010 Wall Street flash crash has aroused increasing skepticism from investors and traders since charges were brought on Tuesday. The U.S. has asked UK authorities to hand over Navinder Singh Sarao, 36, after his arrest this week...

  • Flash crash trader: 'Strange character but genius' Friday, 24 Apr 2015 | 2:07 PM ET

    On May 6, 2010, an independent trader from west London received a warning about his behaviour from the US's largest futures exchange. The FT reports.

  • The threat of Islamic State group militants, who have swept across much of northern Iraq and are battling Kurdish forces only miles away from the Kurdish capital, Irbil, has dampened international interest. The security threat only increases oil companies' doubts, on top of falling oil prices and disputes between the Kurds and the Iraqi central government in...

  • *EU summit agreed to triple search and rescue mission off Libya. *Land routes into Europe also deadly; train kills 14 migrants. BRUSSELS/ SKOPJE, April 24- British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last weekend on a boat heading for Italy.

  • HOUSTON— In the year since the energy industry last gathered in for its big annual confab in Houston, prices for oil and natural gas took a dive that few, if anyone, saw coming. IHS's Kurt Barrow expects oil prices to maybe climb back to $65 a barrel by the end of the year. Adam Sieminski, administrator of the U.S. Energy Information Administration, expects oil to average...

  • WASHINGTON— A federal appeals court has upheld a decision to throw out a $10 million libel suit by the son of Palestinian Authority President Mahmoud Abbas. The U.S. Court of Appeals for the District of Columbia Circuit agreed Friday that Yasser Abbas cannot make a defamation claim against Foreign Policy magazine over a story that questioned the source of his...

  • The trade, known as Alexandria, is at the heart of a scandal that rocked Monte dei Paschi in 2012 just as it was being hit hard by the euro zone debt crisis. The bank emerged as the weakest lender in a Europe- wide review of lenders last year and has been told by the European Central Bank to close the Alexandria trade because its exposure to Nomura breaches regulatory...

  • *OPEC surplus nears 10- year high of 2 mln barrels per day. LONDON, April 24- Brent crude edged up on Friday, poised to mark a third consecutive week of price increases as air strikes in Yemen stoked concerns over the security of Middle East oil shipments. A softer U.S. dollar and strong economic indicators in Europe and Asia also lent support to oil prices despite OPEC...

  • *Members willing to carry out attacks in Pakistan, Afghanistan. ROME, April 24- Italian police were arresting 18 people on Friday suspected of belonging to an armed group linked to al Qaeda who were plotting attacks on the Vatican as well as in Pakistan and Afghanistan. In the tapped conversations, the suspects discuss "a big jihad in Italy," added Mario Carta, head of...

  • MOSCOW, April 24- Russian meat producer Cherkizovo plans to increase poultry exports to reap the benefits of a weaker rouble as domestic prices come under pressure from faltering consumption, its chief executive said. Although the rouble has firmed over the past three months, Sergei Mikhailov told Reuters that Cherkizovo should have taken advantage of the...