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Tensions rise as Syria retaliates against Israeli airstrikesIsraeli airstrikes on Syrian targets overnight have triggered the most visible skirmish between the two neighbours since Syria’s civil war began in 2011, according to media reports. Israeli warplanes were on a mission to destroy a More… |
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ME stocks hit by global sell-off, Iran tensionsMost Middle East stock markets tumbled on Monday in a global sell-off triggered by China, while growing tensions between Saudi Arabia and Iran added to the gloom. Chinese stocks slumped by 7 per cent after weak manufacturing data, More… |
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Oil higher on Ukraine tensions, US dataCrude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may trigger more sanctions and as US economic data portended strong demand in the world's largest oil cons More… |
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Brent falls below $108 on US jittersBrent crude slipped below $108 a barrel on Monday and was on track for its first monthly drop in four months, as tensions over Iran eased and as a potential US government shutdown clouded the outlook for demand. Republicans and De More… |
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Brent steady at $108 amid ME tensionsBrent futures held around $108 a barrel on Friday, as uncertainties surrounding the global economic outlook weighed on prices, while a showdown between Israel and the Palestinians stoked worries about supply. Oil investors are wor More… |
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US beefs up Gulf naval force amid Iran tensionsA US navy ship that had been slated for decommissioning has been sent instead to the Gulf to help mine-clearing operations, the US Fifth Fleet based in Bahrain said, the latest move in a gradual US build-up as tensions with Iran smoulder. More… |
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Oman bank to maintain easy policyOman's central bank is likely to keep its policy stance accommodative to boost confidence in the non-oil sector, although inflation may rise due to government spending to rein in social tensions. The Sultanate, hit by social unrest ea More… |
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China urges region to step back from Korea clashChina deflected pressure to censure North Korea at a regional summit on Sunday, instead urging its neighbours to calm tensions over the sinking of a warship and avoid any clash that could shake Asia. Seoul and Tokyo blame North Korea, whos More… |
