March, 2016

• 19 March

  Signs are flashing that the ‘greenback’ plunge has gone too far, too fast

  

  Bloomberg The dollar’s third straight weekly decline is triggering signals that U.S. currency weakness may be overdone. The greenback has gone from beating its major peers last year to losses against every one of those currencies this month. That’s pushed one measure of dollar momentum, the relative strength index, to its most extreme in almost four years as the Federal ...

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• 19 March

  Iron Range investments may not create many jobs

  

  AP A state body that invests in the Iron Range poured $17 million into a money-losing ski resort, gave financial assistance to businesses that may not have needed it and failed to require job creation in return for many of the loans it doled out, according to an audit of its activities released on Friday. The Office of the Legislative ...

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• 19 March

  All 62 killed as flydubai jet crashes in southern Russia

  

  Rostov-on-Don / AFP A flydubai passenger jet crashed in southern Russia early Saturday, killing all 62 people on board as it tried to land in bad weather in the city of Rostov-on-Don, officials said. The plane, which came from Dubai, was making its second attempt to land when it missed the runway, erupting in a huge fireball as it crashed, ...

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• 19 March

  Istanbul suicide attack kills 4, wounds 20

  Baikonur / AFP A suicide bombing rocked a major shopping street in Istanbul on Saturday, killing four people and wounding 20 others just six days after a deadly attack in Ankara, Turkish authorities said. The attack took place on Istiklal Caddesi, a pedestrian street that was relatively quiet Saturday morning but is usually thronged with shoppers, strollers and buskers later ...

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• 19 March

  Top Paris attacks suspect to be transferred to France

  Brussels / Belgium Top Paris attacks suspect Salah Abdeslam, who was captured in a dramatic raid in Brussels, was to be questioned by Belgian police on Saturday ahead of his speedy transfer to France. Following his release from hospital where he was treated for a slight gunshot wound to the leg sustained during his arrest, Abdeslam was to be quizzed ...

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• 19 March

  USA, Philippines defence pact agree on ‘5 locations’

  

  WASHINGTON / AP The US and the Philippines announced five locations where American forces will have access under a new defense pact, including one facing disputed islands in the South China Sea. The announcement came at strategic talks in Washington, where the allies reiterated their opposition to the militarization of outposts in those waters, where six Asian governments have competing ...

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• 19 March

  UN condemns ‘unacceptable’ North Korea missile tests

  

  United Nations / AFP The UN Security Council strongly condemned North Korea over its ballistic missile launches and demanded Pyongyang to refrain from further violations of UN resolutions. Backed by China, Pyongyang’s ally, the council said in a unanimous statement that “all these launches were unacceptable” and “constituted a clear violation of UN Security Council resolutions.” The statement was adopted ...

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• 19 March

  Airbus looks for elusive India customer for its superjumbos

  

  Hyderabad / Bloomberg Airbus Group SE, whose A380 jet doesn’t have a single customer in India, is still looking for a carrier in the South Asian country to buy the superjumbos, betting infrastructure growth in the world’s fastest growing air travel market will fail to keep pace with the rise in traffic. Airlines in India will need more of the ...

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• 19 March

  French retailer Conforama wins Darty approval for bid

  

  Paris / AFP A bid by French household goods group Conforama, majority-owned by South Africa’s Steinhoff, for rival Darty has won the backing of Darty’s board, both companies said, derailing a planned Darty tie-up with retail giant Fnac. Conforama earlier this month launched a conditional all-cash offer for Darty at 125 pence ($1.75, 1.61 euros) per share, aiming to create ...

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• 19 March

  UK supermarket Sainsbury’s offers £1.4 bn for catalogue chain

  

  Bloomberg British supermarket group Sainsbury’s said it had made a formal offer worth £1.4 billion for Home Retail Group, owner of catalogue chain Argos. The cash-and-stock takeover is worth the equivalent of $2.0 billion or 1.8 billion euros. Argos sells household items, including televisions, furniture and gardening tools. With South African household goods group Steinhoff having walked away from the ...

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