Dalian iron ore hits two-week low on global growth risks

By Manolo Serapio Jr MANILA, Aug 16 : Chinese iron ore futures slumped more than 4 percent to a two-week low on Thursday as worries over China’s economic health and Turkey’s currency crisis raised the risks for the global economy. Iron ore was the hardest hit among ferrous metals with steel and coking coal also […]

Russia probe prosecutors maintain charges against Manafort

Alexandria, Virginia, Aug 16 : Lawyers working with the Special Counsel Robert Mueller, who is heading the Russia probe, on Wednesday maintained the charges filed initially against Paul Manafort, the former campaign chairman for now-President Donald Trump, which could mean that he spends the rest of his life in prison if he is convicted on […]

US not to lift tariffs on Turkey even Brunson released: WH

Washington, Aug 16 : The White House said on Wednesday that the US will not lift sanctions on Turkish steel and aluminum products even if detained American pastor Andrew Brunson is released. In a press briefing, White House spokesperson Sarah Sanders said, “The tariffs that are in place on steel would not be removed with […]

Google takes new measures to increase transparency on political ads

San Francisco, Aug 16 : Google took a new move Wednesday to increase transparency on political ads on its platform by releasing an online library of US political ads and a report on details of ad-expenditure ahead of the mid-term US elections in November this year. Google said the addition of the political advertising report […]

Oil prices decline on rising US stockpiles

New York, Aug 16 : Oil prices went down on Wednesday as official data showed that U.S. crude inventories rose unexpectedly last week. The West Texas Intermediate for September delivery decreased $2.03 to settle at $65.01 a barrel on the New York Mercantile Exchange, while Brent crude for October delivery fell $1.70 to close at […]

Abbas reaffirms rejection of US peace plan for Mideast

Ramallah, Aug 16 : Palestinian President Mahmoud Abbas reaffirmed on Wednesday that the Palestinians reject the new peace plan proposed by the United States, known as “Deal of the Century”. Abbas made the remarks at the opening session of the Palestinian Central Council held in Ramallah, Xinhua reported. “We tell those who claim that we […]