ADEL / AP A vast storm system that kicked up apparent tornadoes, shredded mobile homes and left other destruction scattered around the Southeast has claimed at least 19 lives during its two-day assault on the region. Authorities said on Monday at least 15 deaths occurred in south Georgia alone, including seven from an apparent winter twister that tore through ...
Read More »Fans of bull-taming sport attack police station in India
SEOUL / AP Fans of a traditional bull-taming ritual in southern India went on a rampage on Monday, attacking a police station with stones and setting dozens of police vehicles on fire on Monday in anger at being forcibly evicted from the beach where they been protesting for the past week in support of the sport. Jallikattu involves releasing ...
Read More »4 dead in Austrian avalanche
VIENNA / AP Four people have died over the weekend in Austria while skiing, snow-shoeing or sledding — an unusually high toll linked to winter sports in the country. The Austria Press Agency says that two Czech nationals snow-shoeing in Salzburg’s alpine region died Sunday after being buried in an avalanche while two others managed to free themselves. State ...
Read More »Hungary mourns bus crash victims
BUDAPEST / AP Hungary’s national flag has been raised and then lowered to half-staff on a towering flagpole outside parliament as the country marked a day of mourning for the victims of a fiery bus crash in Italy involving students and teachers from a Budapest high school returning from a ski trip. Prime Minister Viktor Orban, President Janos Ader ...
Read More »Saudi shines, Kuwait bull run slows; Egypt rebounds
DUBAI / Reuters Saudi Arabia outperformed other Gulf stock markets on Monday as several major stocks bounced after poor earnings earlier this week, while a bull run in Kuwait slowed and Egypt rebounded sharply from a slide triggered by tax fears. The Saudi index rose 1.7 percent in the highest trading volume since Jan. 2. Food maker Savola, which ...
Read More »European stocks hit three-week low as Trump reality sets in
Bloomberg European stocks and bond yields dropped on Monday and the dollar hit a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. World stocks hit multi-year highs earlier this month on expectations Trump would boost growth and inflation with extraordinary fiscal spending measures. ...
Read More »National Bank of Kuwait posts $248.9mn profit in Q4
DUBAI / Reuters National Bank of Kuwait (NBK) , the Gulf Arab state’s largest commercial lender, posted a 40 percent rise in fourth-quarter net profit, according to Reuters’ calculations, as the bank continued to benefit from government spending. The bank made a net profit of 75.9 million dinars ($248.9 million) in the three months to Dec. 31, compared with ...
Read More »Citigroup says it’s different for Europe profit growth
Bloomberg Equity strategists are yet again predicting that this will finally be the year European profits deliver. This time, it’s Citigroup Inc.’s Jonathan Stubbs forecasting the region’s earnings will jump at least 10 percent to end a three-year dry spell. His bullishness on Europe is reminiscent of early 2015 and 2016, when strategists and investors doubled down on the ...
Read More »PBOC conducts 60bn yuan China open market operations
Bloomberg China’s central bank added funds to the financial system through open-market operations, after injecting a record amount of cash last week and offering liquidity support to some lenders. The monetary authority added a net 60 billion yuan ($8.7 billion) using 14-day and 28-day reverse-repurchase agreements. There are no contracts maturing. The People’s Bank of China pumped in a ...
Read More »Angola banks appeal for bailout as oil slump cuts liquidity
Bloomberg Angolan banks are appealing to the government to help put together a bailout package to protect account holders as lenders reel from low oil prices that make up almost all of the nation’s foreign-exchange earnings. Financial assistance could come from the administration of President Jose Eduardo dos Santos or be shared by all of the southwest African country’s ...
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