April, 2016

• 28 April

  India asks Britain to deport biz tycoon

  

    New Delhi / AP India’s foreign ministry said on Thursday it has asked Britain to deport the embattled former airline boss Vijay Mallya, who faces a money laundering investigation. Mallya, a part-owner of the Force India Formula 1 team who used to run a liquor empire, left India on March 2 owing more than $1 billion and is believed ...

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• 28 April

  Serbia poll results on hold after PM, oppn complain

    Belgrade / AFP Serbia’s electoral commission has asked some voters to recast their ballots after both opposition groups and powerful Prime Minister Aleksandar Vucic, who won by a landside, disputed the regularity of the weekend polls. The repeat votes at 15 polling stations, likely to take place next week, mean the final results of Sunday’s general election will not ...

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• 28 April

  Indonesia to host ‘security talks’

  

    Jakarta / AFP Indonesia hopes next week to secure an agreement with Malaysia and the Philippines on conducting joint military patrols on the high seas where militants have been on a kidnapping spree, an official said on Thursday. The plight of hostages held by the Abu Sayyaf militant group could also be on the agenda when the foreign ministers ...

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• 28 April

  South Korea: North failed again with mid-range missile test

  

    Seoul / AFP North Korea on Thursday tried and failed in what appeared to be its second attempt in two weeks to test a powerful, new medium-range ballistic missile, South Korea’s defence ministry said. A ministry official said the North had fired what was understood to be a Musudan missile at around 6:40 am (2140 GMT Wednesday) from Wonsan ...

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• 28 April

  Putin hails first rocket launch from new cosmodrome

  

    Vostochny / AFP Russia launched the first rocket from its new Vostochny cosmodrome on Thursday, with President Vladimir Putin hailing the event after dressing down officials over a delay caused by a technical glitch. The launch is a major milestone for Russia’s beleaguered space sector, with the new spaceport in the far east of the country touted to mark ...

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• 28 April

  India cancelled visa, says Chinese dissident

    New Delhi / AFP Chinese dissident Lu Jinghua said Thursday New Delhi cancelled her visa to travel to India to meet the Dalai Lama, just days after another Chinese activist was blocked after protest from Beijing. Lu, who fled China following the Tiananmen Square crackdown in 1989, said she had been granted a tourist visa to travel from her ...

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• 28 April

  Is the worst over for emerging markets?

  

    Forecasters are far from bullish, but analysts suggest the worst may be over for emerging markets following a rally in commodities and currencies. In its latest ‘World Economic Outlook’ report, the International Monetary Fund revised down its forecasts for global growth to just 3.2 percent this year and 3.5 percent in 2017, citing only a modest pickup in advanced ...

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• 28 April

  India: Walking the line between China and USA?

  

    Earlier this month, when Indian Defense Minister Manohar Parrikar and U.S. Defense Secretary Ashton Carter agreed in principle to sign a logistics support agreement (LSA) intended to enhance military ties, many in India wondered if the pact would push the country into an unnecessarily tight embrace with the United States. More importantly, they worried that an increasingly assertive China ...

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• 28 April

  Yen surges on BOJ as equities retreat, treasuries sink declines

  

    BLOOMBERG Even when they do nothing, central banks have the power to surprise and bewilder. The yen surged the most since August and the Topix Index lost more than 3 percent as equities worldwide fell after the Bank of Japan refrained from adding to its monetary stimulus. U.S. stock futures remained lower and Treasuries erased gains after data showed ...

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• 28 April

  Emirates Securities Market down by -0.75 percent

  

    ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.75% to close at 4622.61 points. Accordingly the Market Capitalization has lost AED 5.7 billion attaining AED 749.85 billion. A total of 473.36 Million Shares were traded with a total value of AED 0.75 billion during the trading session of 28-04-2016 through 6558 transactions. The number of companies ...

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