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19 killed in Egypt hot air balloon crashA hot air balloon crashed near the Egyptian town of Luxor at dawn on Tuesday after a mid-air gas explosion, killing 19 Asian and European tourists, a local industry official and the state news agency said. Ahmed Aboud, a spokesman for More… |
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Gold rally unlikely until Asian demand gainsThe author is a Reuters market analyst. The views expressed are his own. Gold analysts are generally bullish by nature and many have long-running forecasts that bullion is poised to rally through the $2,000 an ounce barrier, bu More… |
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Aramco chooses builders of Jizan refinerySaudi Aramco, the world's biggest oil producer, said it had chosen Asian and European contractors to build the Jizan oil refinery and terminal project in the southwest of the country. The en More… |
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200 attacks on Asians in Bahrain say activistsMore than 200 attacks on Asians have been registered since the outbreak of last year's unrest, with 20 assaults since the start of this year, said human rights activists in Bahrain. They claim the "brutal" attacks were carried out by an or More… |
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Gold jumps 3pc on physical buying, soft dollarGold prices rose more than 3 percent on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses. Prices dropped more than $120 an ounce in Asian trading hours on Monday, an unprecedented intraday fall More… |
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Bahrain’s Asian expats plan councilThe Asian community in Bahrain is coordinating with the Royal Court to set up a council that will raise pressing issues to decision-makers in Bahrain. More than 40 members from the Indian, Bangladeshi, Filipino, Pakistani, Sri Lankan and o More… |
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Pehla switching to new encryption techPirate satellite broadcasters and their customers in Bahrain are being dealt another major blow, with Asian programme provider Pehla switching to new encryption technology in a matter of weeks. It is following in the footsteps of UAE broad More… |
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Asian stocks set best week in 6 monthsAsian stocks on Friday ended their best week in six months as investors regained an appetite for risk and brushed aside European debt concerns, while the euro hovered near three-week highs against the dollar. European stock index futures p More… |
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Asian sukuk sales seen strong in 2010Sukuk issuers in Asia are likely sell at least 10-20 percent more of Islamic paper this year with the European debt crisis seen having limited impact on Asia's growth prospects, HSBC Amanah said on Tuesday. Malaysia and Indonesia would pro More… |
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Asian factory output strong, inflation mountingFactories in Asia-Pacific cranked up production last month and mounting inflation pressures pointed to further policy tightening as the economic recovery gathers steam. Output growth in India eased a tad in April but still held near a 20-m More… |
