The yen inched higher against the dollar after the Bank of Japan refrained from more easing on Tuesday, although many thought it would stay under pressure on expectation Tokyo would loosen policy later in April. The yen was also sold by Japanese importers, traders said, whose purchases of fossil fuels have jumped as all but
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Asian shares struggled on Tuesday as investors remained cautious after Chinese trade data showed the world's second largest economy may be able to achieve a soft landing but global growth concerns lingered given the sharp slowdown in U.S. job creation. MSCI's broadest index of Asia Pacific shares outside Japan eased 0.3%, dragged lower by declines
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EFG Eurobank will sell its Turkish arm to Kuwait's Burgan Bank in a $355 million deal which will help shore up the struggling Greek lender's capital base. Burgan, the commercial banking arm of Kuwait Projects Co (KIPCO), will also absorb $280 million of loans issued by EFG to the Turkish unit as part of the
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Formula One teams headed to China on Monday still unsure whether their return trip would take in troubled Bahrain for the following grand prix next week amid safety fears and increasingly loud calls for that race to be cancelled. Team sources told Reuters some had hedged their bets by routing personnel on return flights via
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A military bombardment of a town in central Syria killed 30 people on Monday on the eve of a scheduled army withdrawal from urban areas, opposition activists said, dashing the prospects of a U.N.-brokered ceasefire taking hold. Government troops and rebel forces also clashed near Syria's border with Turkey, activists said. Two Syrian refugees and
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Libya has started investigating foreign oil companies over their past relationships with the former Muammar Gaddafi government, an investigator with the ruling National Transitional Council (NTC) said on Monday. Salem Qanan, who sits on the NTC's Oil Committee, said the government had requested documents from Libya's National Oil Corporation (NOC), which is in charge of
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Tottenham Hotspur's Champions League qualifying hopes received a jolt when they lost 2-1 at home to Norwich City on Monday while Newcastle United boosted their chances with a 2-0 win over Bolton Wanderers. Norwich had a host of penalty claims turned down but still secured a memorable Premier League victory at White Hart Lane to
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Global stocks and crude oil fell on Monday as investors reacted to the surprisingly sharp slowdown in U.S. jobs growth reported last week, which raised concerns about the strength of the world's largest economy. Stocks on Wall Street and crude oil futures prices fell more than 1% on the first trading day after the U.S.
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Morocco's government has agreed to amendments from parliament to widen the imposition of a new tax on firms to help it develop poor areas and help quash grumbling discontent over social inequalities, officials said on Monday. Plans for the so-called solidarity fund tax were announced in the midst of mass protests last year in Morocco
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Last month came in like a lamb and stayed that way, contributing to the warmest March for the contiguous United States, excluding Alaska and Hawaii, since modern record-keeping began in 1895, the National Oceanic and Atmospheric Administration said on Monday. All 48 of the contiguous U.S. states saw at least one record-warm temperature in March, with
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