Wednesday 4 March 2015

6.4 quake strikes off Indonesia, no reports of damage

An earthquake measuring 6.4 magnitude struck off the Indonesian island of Sumatra on Tuesday, the US Geological Survey said, but there were no reports of damage or casualties. The quake was 37 km (23 miles) deep and centred 179 km (111 miles) offshore. It was felt by people on la


Bill Gates tops Forbes rich list with $79bn

Bill Gates stands atop Forbes magazine's annual list of the world's richest people, as Facebook Inc's Mark Zuckerberg joined the top 20 and basketball star Michael Jordan plowed new air by making the list for the first time. Gates' net worth rose to $79.2 billion


Oil steadies above $60 after sharp Monday fall

Brent crude oil prices steadied above $60 a barrel in early Asian trading on Tuesday, supported by traders entering the market after prices dropped sharply in the previous session on the back of record US stocks. Brent futures fell 5 per cent, its most in a month, on Monday as re


Iran must halt nuke work for at least a decade: Obama

Iran must commit to a verifiable freeze of at least 10 years on sensitive nuclear activity for a landmark atomic deal to be reached, but the odds are still against sealing a final agreement, US President Barack Obama told Reuters on Monday. Interviewed at the White House, Obama m


Dollar hits 11-year high after China rate cut

The dollar hit an 11-year high against a basket of major currencies on Monday, with the greenback gaining a broad lift after an interest rate cut in China dented the Chinese yuan and emerging Asian currencies. The dollar rose to as high as 95.505 .DXY against a basket of major cu


China economic growth likely to slow to 7pc in Q1

China's economy is expected to slow to an annual 7 per cent in the first quarter of this year, a top Chinese government think tank said in a research report, a sign policy makers will have to roll out more stimulus to support faltering growth. The forecast by the State Inform


China cbank steps up monetary easing to beat deflation

Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest economy. Cuts to benchmark lending


Berkshire has found its rightful heir, says Buffett

Warren Buffett told investors on Saturday that Berkshire Hathaway had found his successor, giving more details than ever about the heir to the company he has run for 50 years. "Both the board and I believe we now have the right person to succeed me as CEO – a successor


Islamic State killer 'Jihadi John' unmasked

British television broadcast the first picture of Mohammed Emwazi as a student on Friday, showing the man identified as the Islamic State "Jihadi John" killer with a moustache and goatee beard wearing a large baseball cap. Sky News broadcast a photograph of the 26-year-


Russia opposition leader shot dead in Moscow

Russian opposition politician Boris Nemtsov, an outspoken critic of President Vladimir Putin and Russia's involvement in the war in Ukraine, was shot dead steps from the Kremlin in central Moscow late on Friday. Nemtsov, 55, was shot four times in the back by assailants in a

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