Sunday 5 July 2015

Over 100 militants killed in Egyptian army offensive

Egypt's army said more than 100 militants and 17 soldiers were killed in simultaneous attacks on military checkpoints in North Sinai, in the most sustained fighting of its kind in years in the restive province. After a day of fighting, which involved F-16 jets and Apache heli


Oil prices stabilize after sliding on US stock build

Oil prices were broadly unchanged from their previous close in early trading on Thursday after tumbling 4 per cent a day earlier as US stockpiles rose for the first time in months on the back of high production. Following Wednesday's drop, front-month US crude futures were tr


Oil drops as Greece defaults, output soars

Oil prices fell on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund and as both US and Opec production hit new records. Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was


Greece defaults on IMF loan

Greece's last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. The IMF confirmed that Greece had not made its sched


Oil holds near 3-week lows over Greece tension

Oil futures hovered below three-week lows on Tuesday after Greeks protested against austerity following a bank shutdown. The move moved investors away from riskier assets and put Brent crude on course for a second month of declines. Brent crude futures were down 16


Stocks tumble, yields drop as Greece crisis mounts

US stocks added to a global selloff on Monday as Greece veered toward a default on its 1.6 billon euro ($1.7 billion) debt. Greece will not pay a loan installment due the International Monetary Fund on Tuesday, a Greek government official told Reuters, and the European Central Ba


NY prison break ends with shooting of 2nd fugitive

David Sweat, one of two New York state inmates who escaped from prison three weeks ago, was shot by police near the Canadian border and rushed to a local hospital on Sunday, two days after his accomplice was killed, authorities said. His capture was the dramatic climax of a massi


Oil prices fall after Greek imposes capital controls

Oil prices fell in early Asian trade, with US crude dropping below $59 after Greece imposed capital controls as lenders refused to extend the country's bailout. Brent crude for August delivery was down 81 cents at $62.45 a barrel by 0300 GMT, after rising 6 cents to $63.26 a


Tally of injured tops 510 in Taiwan water park fire

The number of people injured in a fire at a Taiwan water amusement park rose to 516 on Sunday, government officials said, with more than 180 still in intensive care. Media reported four mainland Chinese and two foreigners were among those injured after Saturday's fire, during


More than a third of Greek ATMs run dry

More than a third of automated teller machines across Greece ran out of cash on Saturday before they were replenished as Greeks pulled out money on fears their country was set to crash out of the euro, three banking sources said. Anxious Greeks lined up outside ATMs after Prime M

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