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Business - China stocks tumble again despite support measures

Chinese stocks opened down on Tuesday, taking no comfort from a slew of support measures unleashed by Beijing in recent days, and unnerved by Chinese Premier Li Keqiang`s failure to mention the market chaos in a statement on the economy. Before the market opened, Li said in comments on a government website that China had the confidence and ability to deal with challenges faced by its economy, but had nothing to say on the three-week plunge that has knocked around 30 percent off Chinese shares since mid-June. The ChiNext growth board , home to some of China`s giddiest small-cap valuations, fell 5.1 percent.

Tuesday, July 07, 2015  04:15


Business - China economic uncertainty a potential risk for U.S. chipmakers

By Mari Saito SAN FRANCISCO (Reuters) - Tumbling markets and economic uncertainty in China pose a risk to major chipmakers such as Qualcomm Inc that derive a big portion of their sales from the world`s second-largest economy. Consumer electronics giant Apple Inc could also be vulnerable - 17 percent of the company`s overall revenue last fiscal year came from China, and in the most recent quarter it sold more iPhones in the country than in the United States for the first time. `When you have waning demand hitting at the same time (as the stock market uncertainty), it just makes that industry that much more difficult,` said Christopher Rolland, a senior equity analyst at FBR Capital Markets & Co. Beijing took steps during the weekend to revive shares following a 30 percent slide in its stock market since mid-June, which raised investors` concerns about the stability of the Chinese economy.

Tuesday, July 07, 2015  02:07


Top Stories - Beauty on the verge of extinction

Monday, July 06, 2015  20:57


Top Stories - Magnificent structures on the verge of extinction

Monday, July 06, 2015  19:25


World - Froome looking to maintain lead until mountains

Chris Froome will be looking to conserve his advantage over main Tour de France rivals Vincenzo Nibali, Alberto Contador and Nairo Quintana for the next week before the mountain stages begin. The 30-year-old Briton was second on Monday`s 159.5km third stage from Antwerp to the Mur de Huy in Belgium. The six bonus seconds he took on the line saw him take the leader`s yellow jersey by a single second ahead of German Tony Martin.

Monday, July 06, 2015  20:39


World - Correction: Palestinians-Rainbow Flag story

RAMALLAH, West Bank (AP) — In a story June 30 about Palestinian protesters whitewashing a gay pride rainbow flag, The Associated Press reported erroneously that homosexual acts are banned by law in the West Bank and Gaza Strip. While homosexuality is largely taboo in Palestinian society, there are no laws specifically banning homosexual acts.

Monday, July 06, 2015  20:39


World - Iran talks drama enters knife-edge final act

Marathon Iran nuclear talks entered the final stretch Monday with foreign ministers seeking to overcome the last few hurdles blocking a historic accord, even as an Iranian official warned they could fail to meet another deadline. On the 10th day of talks in Vienna, both sides warned success in their quest to nail down an agreement ending a 13-year-old standoff over Iran`s nuclear programme was far from guaranteed. After failing to make a June 30 deadline, global powers have given themselves until Tuesday to try to reach an accord putting a nuclear bomb out of Iran`s reach.

Monday, July 06, 2015  18:49


World - Israel says 6 Bedouins arrested for supporting IS

Israel has arrested six Bedouin Arabs, including four teachers, for allegedly supporting the extremist Islamic State group, the domestic security service said Monday. The six men, all members of the same family, were relatives of two people who already travelled to Syria to fight alongside jihadists, Israeli media said. Around 30 Arab Israelis have already made their way to Syria to fight for Islamist groups against President Bashar al-Assad`s regime in the country`s more than four-year civil war, according to the authorities.

Monday, July 06, 2015  18:31


World - Islamic State militants killed in U.S.-led air strikes, fighting with Kurds: monitor

At least 37 Islamic State fighters were killed and scores injured in air strikes by the U.S.-led coalition and in clashes with Kurdish YPG militia in northeastern Syria near the border with Turkey, a monitor said. The British-based Observatory for Human Rights said sources on the ground confirmed the figures from the bodies of fighters and injured militants arriving since Sunday night at hospitals in the de facto capital of the militants in Raqqa city. The ultra hardline militants had retaken from Kurdish forces the town of Ain Issa and areas around it some 50 km (30 miles) north of Raqqa in a lightning offensive on Monday, the monitor earlier said.

Monday, July 06, 2015  17:00


Middle East - Many killed in Yemen air strike

Saudi-led coalition bombers strike a suburb of the southern Yemen port city of Aden, killing at least 30 people, witnesses there say.

Monday, July 06, 2015  16:42

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