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Business - Oil falls on supply concerns; pick-up in China manufacturing helps

By Florence Tan SINGAPORE (Reuters) - Oil stayed in the red on Monday on supply concerns despite partly recovering from earlier losses after a private business survey showed an improvement in China`s manufacturing sector in February. `The key drivers over the next few months are going to come from supply dynamics more than demand dynamics,` said Ric Spooner, chief market analyst at CMC Markets in Sydney. `The market is moving into a holding pattern while waiting to see more evidence that production is going to be reduced.` Brent crude was down 34 cents at $62.24 a barrel by 2248 ET after an 18 percent gain in February, the largest monthly rise since May 2009. HSBC`s survey on private business showed that activity in China`s factory sector edged up to a seven-month high in February.

Monday, March 02, 2015  04:31


Top Stories - Chris Christie mum on his state`s aid-in-dying bill

New Jersey residents show growing support for Death with Dignity bill but their governor is reticent.

Monday, March 02, 2015  14:24


World - Museum reopening boosts Iraqi national pride

Even as Iraq mourned the destruction of priceless artefacts by jihadists in Mosul, the national museum in Baghdad brought joy and pride to visitors as it opened its doors for the first time in 12 years. The reopening to the public on Sunday was brought forward in response to a video released last week by the Islamic State group showing militants destroying statues in Mosul. Many of the pieces on display in Baghdad were among the 15,000 looted when mobs ransacked the museum during the plundering spree that gripped the capital when US forces toppled Saddam Hussein in 2003.

Monday, March 02, 2015  13:47


World - How Islamic is Islamic State group? Not very, experts say

CAIRO (AP) Three British schoolgirls believed to have gone to Syria to become `jihadi` brides. Three young men charged in New York with plotting to join the Islamic State group and carry out attacks on American soil. A masked, knife-wielding militant from London who is the face of terror in videos showing Western hostages beheaded.

Monday, March 02, 2015  13:29


Business - Jolla takes on Android with a promise not to sell your data

When Jolla launched its tablet on Indiegogo, it was an instant success. Today that tablet is being shown to the media for the first time at MWC. But, that`s not all that the plucky mobile start-up has ...

Monday, March 02, 2015  12:12


World - Eurozone consumer prices fall again in Feb but pace eases

BRUSSELS (AP) The fall in consumer prices across the 19-country eurozone eased in February, official figures showed Monday, in a development that will likely assuage market concerns that the region is set to suffer a pronounced period of deflation.

Monday, March 02, 2015  12:12


World - Iraq launches operation to retake Tikrit from Islamic State

BAGHDAD (AP) Backed by allied Shiite, Sunni and Iranian fighters, Iraqi security forces launched a large-scale military operation Monday to recapture Saddam Hussein`s hometown from the Islamic State extremist group, a major step in a campaign to reclaim territory in northern Iraq controlled by the militants.

Monday, March 02, 2015  13:29


World - Seoul: North Korea test fires 2 short-range missiles

SEOUL, South Korea (AP) North Korea fired two short-range missiles into the sea off its east coast on Monday, South Korea`s military said, in a likely show of anger at the start of annual U.S.-South Korean military drills that Pyongyang says are preparation for a northward invasion.

Monday, March 02, 2015  01:32


Europe - New video shows missing British girls in Turkey

Three British teenagers suspected to have fled their homes to join ISIS in Syria are seen in surveillance video taken at a bus station in Istanbul.

Monday, March 02, 2015  01:14


Business - Nokia and NTT DoCoMo show off 2Gbps speeds in 5G trial

As 3GPP standards for 5G emerge, Nokia and NTT DoCoMo have demonstrated 2Gbps speeds in an indoor trial in Barcelona.

Monday, March 02, 2015  10:02

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