June, 2016

• 28 June

  11 Kurdish rebels, guards killed in Iran

    Tehran / AFP Eleven Kurdish rebels and three of Iran’s elite Revolutionary Guards were killed in clashes near the Iraqi border, the Fars news agency reported on Tuesday. “A group of 11 counter-revolutionaries linked to the Kurdistan Democratic Party of Iran (KDPI), who were attempting to infiltrate the country were immediately detected… and were eliminated after 10 days of ...

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• 28 June

  Court deals blow to Iraq cabinet rejig

    Baghdad / AFP An Iraqi court has dealt a blow to Prime Minister Haider Al Abadi’s efforts to replace a cabinet dominated by entrenched political parties, invalidating the session that approved new ministers. But it also settled the issue of whether parliament speaker Salim Al Juburi retains his job—a question that had resulted in two rival claimants to the ...

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• 28 June

  Suicide bomber kills 9 at Iraq Sunni mosque

    Baghdad / AFP A suicide bomber detonated explosives at a Sunni mosque near Baghdad where worshippers were gathered for prayers, killing at least nine people, officials said on Tuesday. The attack on the mosque in Abu Ghraib, which also wounded at least 28 people, took place during evening prayers on Monday as Muslims mark the holy fasting month of ...

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• 28 June

  IS extremists gone but Fallujans shun return to ‘cursed city’

  

    Iraq / AFP When her five-year-old son asked her to kill him because he was too hungry, Umm Issam knew she would never come back to Fallujah if she was able to leave. Iraqi forces on Sunday wrapped up operations in Fallujah and declared the area free of extremists of the IS group after a month-long operation. The government ...

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• 28 June

  Bangladesh charges oppn official over Italian’s murder

    New Delhi / AFP Bangladesh police have charged seven people including a senior opposition official over the murder of an Italian aid worker last September, an officer said on Tuesday. The killing near the capital’s diplomatic zone was the first in a wave of attacks to be claimed by the IS group, and was followed days later by the ...

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• 28 June

  Hamas thanks Turkey for Gaza efforts in ‘deal’

    Gaza City / AFP Palestinian movement Hamas has thanked Turkey for its efforts on behalf of Gazans in a weekend reconciliation deal with Israel but urged it to increase pressure for an end to a decade-old blockade. In its first reaction to the agreement, Hamas expressed its “thanks and gratitude to Turkish President (Recep Tayyip) Erdogan” and the Turkish ...

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• 28 June

  BOE to offer £250billion for financial system

  

    Bloomberg As markets went into turmoil and the pound plunged to a three-decade low after Britain voted to leave the European Union, the Bank of England issued an early morning statement and its governor stepped in with a pledge to provide an extra 250 billion pounds (US$345 billion) for the financial system. He also said the BOE has further ...

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• 28 June

  Brexit turmoil to affect Deutsche Bank

  

    Bloomberg Soros Fund Management took a short position in Deutsche Bank AG of about 7 million shares as turmoil from the UK’s decision to leave the European Union sent bank stocks lower. The position taken was equivalent to 0.51 percent of Deutsche Bank’s share capital, according to a German filing. The document doesn’t show at which price the fund ...

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• 28 June

  Russia takes US$6.2billion bite out of banks

  

    Bloomberg It’s been blamed for fighting inflation at the expense of the economy and turning its targets into ‘fetishes.’ Now Russian lenders say the central bank’s latest swipe at price risks is putting pressure on their bottom line and credit. Reserve-ratio requirements will be increased by 75 basis points from Aug 1 for ruble and foreign-currency liabilities, policy makers ...

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• 28 June

  Draghi calls for global policy alignment

  

    Bloomberg European Central Bank President Mario Draghi avoided mentioning the UK’s vote to leave the European Union and called for greater alignment of policies globally to mitigate the spillover risks from ultra-loose monetary measures. “We can benefit from alignment of policies,” Draghi said at the ECB Forum in Sintra, Portugal. “What I mean by alignment is a shared diagnosis ...

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