US presidential election

legal source: Spain detains Russian over US vote 'hacking'

Madrid - Arab Today

A Russian computer expert was remanded in custody in Spain on Monday on suspicion of involvement in alleged hacking of the US presidential election campaign, a legal source said. Piotr Levachov, who was arrested on Friday, has been singled out by the United States for extradition in a request which is due to be examined by Spain's national criminal court,Read more

Gold hits near 4-week high as dollar retreats

London - Arab Today

Gold touched a near-four week high on Wednesday as the dollar edged back from a 14-year peak and physical demand from major consumers China and India increased. Spot gold climbed to its highest since Dec. 9 at $1,167.83 an ounce and was up 0.5 percent at $1,165.22 by 1514 GMT. US gold futures climbed $3.80 to $1,165.90 an ounce. “TheRead more

Gold slips as strong dollar keep pressure on prices

London - Arab Today

Gold fell on Tuesday as the dollar’s buoyant start to the New Year kept the pressure on prices after the metal posted its biggest quarterly loss in more than three years. The themes of late 2016 appeared to be persisting in the wider markets in the New Year, with equities bouncing while the dollar posted its biggest rise in threeRead more

British services PMI hits 10-month high

London - Arab Today

Businesses in Britain’s dominant services sector grew at their fastest pace since January last month and the broader economy maintained momentum, even if firms have some worries about the year ahead, according to a survey. The Markit/CIPS services purchasing managers’ index (PMI) — a closely watched gauge of the services sector — rose to 55.2 in November from 54.5 inRead more

Iranian vessel made ‘unsafe’ action against US copter

Washington - Arab Today

An Iranian Islamic Revolutionary Guard vessel pointed its weapon at a US military helicopter in the Strait of Hormuz on Saturday, two US defense officials said on Monday, an action they described as “unsafe and unprofessional.” The officials added: “The behavior by our standards is provocative and could be seen as an escalation.” At no point did the crew ofRead more

Dollar direction ‘to dictate Asian equities outlook’

Hong Kong - Arab Today

The direction of the dollar, which has surged since the US presidential election, will determine the outlook for Asian equities in the near to medium term, the head of emerging at JPMorgan Asset Management said. The dollar rose to a one-year high against a basket of currencies on expectations US interest rates will rise faster than previously anticipated if President-electRead more

Oil trades near 3-month lows

London - Arab Today

Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise win in last week’s US presidential election boosted the dollar and stocks but undermined oil. Crude has also fallen because of waning expectations that theRead more

Clinton Blames Defeat in Presidential Election on FBI Director

Washington - Arab Today

Hillary Clinton has blamed her defeat in the US presidential election on interventions by the FBI director. James Comey's announcement of a new inquiry into her use of email while secretary of state shortly before election day had stopped her campaign's momentum, Clinton said. The Democratic candidate was speaking to top party donors in a phone call, which was leakedRead more

Italy leads losses as sharp sell-off in euro zone bonds continues

London - Arab Today

Italian government bond yields hit their highest level in over a year on Friday before a key ratings review from Standard & Poor’s, amid a further sell-off in euro zone debt. Italy is in focus ahead of a constitutional referendum on Dec. 4 on which Prime Minister Matteo Renzi has staked his political future. With Republican Donald Trump’s shock victoryRead more

New Zealand Central Bank Cuts Interest Rate to All-Time Low

Wellington - QNA

The New Zealand Reserve Bank on Thursday cut the interest rate by a quarter of a per cent to an all-time low of 1.75%. Reserve Bank governor Graeme Wheeler said the exchange rate remained higher than was sustainable for balanced economic growth, the (dpa) reported. "Significant surplus capacity exists across the global economy (and) global inflation remains weak," heRead more