Sunday 28 August 2016

Rio wraps up Games on upbeat tropical note

A blustery storm, a touch of melancholy and a sense of pride converged at the closing ceremony of the 2016 Olympics on Sunday as Brazil breathed a collective sigh of relief at having pulled off South America's first Games. After a gruelling 17 days, Rio de Janeiro cast aside


Oil falls as August price rally seen as overblown

Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than 20-per cent crude rally looks overblown. Soaring exports of refined products from China


Bombing at wedding in southern Turkey kills 50

At least 50 people were killed on Saturday when a suspected suicide bomber detonated his explosives among people dancing on the street at a wedding party in the southern Turkish city of Gaziantep, the local governor's office said. President Tayyip Erdogan said it was likely t


India's SBI to gain $120bn from mergers

State Bank of India (SBI), the nation's biggest lender by assets, will gain $120 billion in assets following its merger with associate banks and Bhartiya Mahila Bank, the lender said in a statement on Saturday. In a first move to consolidate India's struggling public sect


India appoints Urjit Patel as new cbank chief

India's government promoted Urjit Patel, a deputy governor in charge of monetary policy at the Reserve Bank of India, to serve as its next governor for a three-year term, it said on Saturday. He will replace Raghuram Rajan, a former International Monetary Fund chief economist


Clinton leads Trump by 8 points says poll

Democratic presidential candidate Hillary Clinton leads Republican rival Donald Trump by 8 percentage points among likely voters, according to a Reuters/Ipsos opinion poll released on Friday. The August 14-18 survey showed 42 percent of Americans supported Clinton ahead of the No


Gold down more than 1pc on Fed rate hike views

Gold fell more than 1 percent on Friday, snapping a week-long streak of gains following conflicting signals from US Federal Reserve officials on the timing of a possible rate hike, but was still on track to end the week higher. Spot gold fell as much as 1.5 percent to a session l


US swimmer pays fine for lying to Brazil police

US Olympic gold medallist swimmer Ryan Lochte issued an apology on Friday and his teammate Jimmy Feigen agreed to pay 35,000 reais ($11,000) to a charity after Brazilian police said they lied about being robbed at gunpoint at the weekend. Lochte, who flew to the United States the


Thai police name suspect in deadly blasts

Police identified a Thai man on Friday as a suspect in their investigation into attacks that killed four people and wounded dozens in a wave of bombings in Thailand's south a week ago. Deputy national police spokesman Kissana Phatanacharoen identified the suspect as Ahama Len


Asia stocks fall while dollar crawls up, oil near 8-week high

Asian stocks retreated on Friday as traders took profits from shares close to one-year highs, while the dollar edged up from a near eight-week low after some Federal Reserve officials reiterated the case for raising interest rates in coming months. European stocks looked set for

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