Monthly Archives: November 2015

Russia stance on Assad suggests divergence with Iran

Russia does not see keeping Bashar al-Assad in power as a matter of principle, the Foreign Ministry in Moscow said on Tuesday in comments that suggested a divergence of opinion with Iran, the Syrian president’s other main international backer. Fuelling speculation of Russian-Iranian differences over Assad, the head of Iran’s Revolutionary Guard Corps suggested on Monday that Tehran may be ...

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Greece carries out first relocation of refugees, to Luxembourg

Greece on Wednesday carried out the first relocation of asylum seekers from its territory to Luxembourg, part of an EU approved plan to ease the burden on border nations inundated by this year’s influx of thousands of refugees. Six families from Syria and Iraq were being relocated from Athens, among the first under a 780-million-euro, two-year scheme funded by the ...

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Oil prices slide on profit-taking, but supply risks curb losses

Oil prices slipped in thin trading on Wednesday as investors took profit from the previous session’s rally, although supply disruptions in Brazil and Libya helped to limit the losses. Brent futures for December delivery had fallen 13 cents to $50.41 at barrel by 0546 GMT, after ending the last session up $1.75, or 3.6 percent. U.S. crude for December delivery ...

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Dollar stands tall as risk appetite improves

The dollar firmed on Wednesday in line with higher U.S. Treasury yields, as a regional rally in equities whetted investors’ appetite for risk. The dollar index .DXY, which tracks the U.S. currency against a basket of six major rivals, last stood at 97.342, up about 0.2 percent, adding to its 0.3 percent gain the previous session and moving back toward ...

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Asia surges with Japan, China stocks in lead; risk appetite lifts dollar

Asian shares surged on Wednesday following gains on Wall Street, with Japanese and Chinese stocks leading the way, while investors’ stronger appetite for riskier assets pushed up U.S. debt yields. Spreadbetters saw Asia’s upward momentum spilling over into Europe, forecasting a higher open for Britain’s FTSE .FTSE, Germany’s DAX .GDAXI and France’s CAC .FCHI. MSCI’s broadest index of Asia-Pacific shares ...

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Taiwan, China leaders to hold historic meeting in Singapore

Chinese President Xi Jinping will hold talks with Taiwanese counterpart Ma Ying-jeou in Singapore on Saturday, the first meeting of leaders from the two rivals since the Chinese civil war ended in 1949. Both governments said the leaders would discuss cross-strait ties at the unexpected but historic meeting, which comes at a sensitive time in Taiwan, with presidential and parliamentary ...

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Obama pitches help to ex-criminals, draws N.J. governor’s ire

President Barack Obama announced new measures to smooth the integration of former criminals into society but his visit to New Jersey on Monday irked the state’s governor, a struggling Republican presidential candidate. Obama, a Democrat who has made criminal justice reform a top priority of his final years in office, praised organizations in Newark for their efforts to help those ...

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Activision Blizzard to buy ‘Candy Crush’ maker King for $5.9 billion

Video game maker Activision Blizzard Inc (ATVI.O) said it will buy “Candy Crush Saga” creator King Digital Entertainment (KING.N) for $5.9 billion to strengthen its games portfolio. Activision, which owns popular game franchises such as “World of Warcraft,” “Call of Duty” and “Diablo,” will pay $18 in cash per King share, a premium of 16 percent to King’s closing price ...

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U.S. crude oil edges up after drops, but market remains oversupplied

U.S. crude futures edged up early on Tuesday, but the market outlook remains bearish as supply still exceeds demand and due to worries the dollar will strengthen when the U.S. Federal Reserve eventually raises interest rates. Benchmark U.S. crude futures CLc1 were trading at $46.27 per barrel at 7.28 p.m. ET, up 13 cents from their last settlement. The slight ...

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Dollar treads water, Aussie edges up after RBA stands pat

The dollar, euro and yen treaded water on Tuesday in Asia, as the market was quiet with Tokyo on holiday and traders awaiting direction after the latest readings on global manufacturing activity failed to show clear economic trends. In Asia, the Australian dollar was the biggest mover in an otherwise sedate session, rising after the Reserve Bank of Australia (RBA) ...

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