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S Korea flags long wait for Sewol ferry salvage

  Seoul / AFP South Korea says efforts to lift the Sewol ferry that sank more than two years ago may drag on into next year, with salvage operations hampered by poor visibility and the sheer scale of the undertaking. The 6,825-tonne vessel was carrying 476 people when it capsized and sank off the southwestern island of Jindo in April ...

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Stocks drop as markets eye central banks

  London / AFP Stock markets swung mostly lower on Monday, with attention fixed on central bank policy before an ECB meeting this week and speculation on the outlook for US borrowing costs. Asian markets diverged following healthy gains for world equities at the end of last week, as investors bet that the Federal Reserve would raise interest rates before ...

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Saudis in a fix over size and pricing in debut bond sale

  Dubai / Reuters Potential investors in the Saudi Arabian government’s first international bond issue are preoccupied by a key question: how will the Saudis resolve their dilemma between size and pricing? Any issuer must choose between raising as much money as it can and selling debt as cheaply as possible. But as Saudi Arabia holds investor roadshows in the ...

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