Oil markets jumped on Monday as Iraqi forced entered the oil city of Kirkuk, taking territory from Kurdish fighters and raising concerns over exports from OPEC’s second-largest producer. Continue Reading Below Iraq launched the operation in the multi-ethnic region on Sunday as the crisis between Baghdad and the Kurdish Regional […]
FAN Editor
Oil jumps on fears of new Iran sanctions, Iraq conflict
Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there. Continue Reading Below Brent crude futures, the international benchmark for oil prices, were at $57.85 […]
276 killed in deadliest single attack in Somalia’s history
The most powerful bomb blast ever witnessed in Somalia’s capital killed 276 people with around 300 others injured, the country’s information minister said early Monday, making it the deadliest single attack in this Horn of Africa nation. The toll was expected to rise. In a tweet, Abdirahman Osman called the […]
Euro on defensive on political worries, tame inflation dents dollar
FILE PHOTO: Euro and Dollar banknotes are seen in a picture illustration taken October 19, 2016. REUTERS/Leonhard Foeger/File Photo October 16, 2017 By Hideyuki Sano TOKYO (Reuters) – The euro was on the defensive early on Monday after Austria’s election and on concerns over Catalonia’s confrontation with Madrid, though the […]
China September producer prices jump most in six months in boost for global inflation
FILE PHOTO: A night view of the old houses surrounded by new apartment buildings at Guangfuli neighbourhood in Shanghai, China, April 10, 2016. I REUTERS/Aly Song/File Photo October 16, 2017 BEIJING (Reuters) – China’s producer price inflation unexpectedly accelerated to a six-month high in September as a construction boom shows […]
Kobe Steel shares tumble to near five-year low as cheating crisis deepens
Kobe Steel President and CEO Hiroya Kawasaki bows during a news conference in Tokyo, Japan October 13, 2017. REUTERS/Kim Kyung-Hoon October 16, 2017 TOKYO (Reuters) – Shares of embattled Kobe Steel Ltd tumbled to their lowest level in nearly 5 years on Monday, as a cheating scandal at the Japanese […]
Ophelia to bring hurricane-force wind, heavy rain to Ireland
Irish authorities ordered all schools in the country to close Monday and warned cyclists and motorists to stay off roads as Hurricane Ophelia bore down on Ireland and the U.K. with potentially deadly winds. Ophelia weakened to a Category 1 hurricane Sunday as it moved north-northeast across the Atlantic, with […]
Oil rig explodes in Louisiana lake, injuries reported
A Louisiana police department says an oil rig has exploded in Lake Pontchartrain in St. Charles Parish. The Times-Picayune reports that Kenner Police Department spokesman Sgt. Brian McGregor said Sunday evening that rescue boats are being sent from the Kenner Boat Launch, and that officials with the Jefferson Parish Sheriff’s […]
Manhunt underway after 2 ‘dangerous’ prisoners escape from Missouri jail
A statewide manhunt is underway in Missouri after two prisoners, accused of violent crimes, escaped from jail just before 2 a.m. on Sunday, according to local authorities. The two escaped from the Pemiscot County Jail through an air duct, arrived at a room to leave and then set off an […]
Iraqi forces enter territory disputed with Kurds
Iraqi federal forces entered disputed territory held by Kurds early Monday, seeking to end a nearly month-old political fight over areas taken under control by Kurdish militias three years ago to defend the oil city of Kirkuk against the Islamic State group. The Iraqi army and federal anti-terrorist and police […]