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Huge oil depot blaze puts Tripoli under threat TRIPOLI: Libyan firefighters have failed to put out a huge oil tank blaze started by clashes around Tripoli airport, officials said Monday, adding that an air intervention is needed to avert a catastrophe.State-owned National Oil Corp warned of a humanitarian and environmental catastrophe after the tank in southern Tripoli containing six million litres of fuel was set ablaze by rocket fire late on Sunday.Residents have been urged to evacuate areas within five kilometres (three miles) of the blaze on the airport road, where fuel reserves of more than 90 million litres are stored."Firefighters have been trying for hours to put out the blaze but to no avail. Their water reserves finally ran out and they've had to leave," said NOC spokesman Mohamed al-Hrari.He said the only option left was "intervention by air", as the government said several countries had offered to send fire-fighting aircraft in response to an appeal for ...

European stock markets rise at open LONDON: Europe's main stock markets climbed at the start of trading on Monday, with London's benchmark FTSE 100 index up 0.20 percent to 6,805.17 points.Frankfurt's DAX 30 added 0.17 percent to 9,660.71 points and in Paris the CAC 40 index gained 0.51 percent to 4,352.50 compared with Friday's close.Copyright AFP (Agence France-Presse), 2014

Hong Kong stocks up 0.91pc at lunch HONG KONG: Hong Kong shares ended the morning session 0.91 percent higher, a fifth straight gain and in line with a regional advance, on hopes that China's economy is slowly getting back on track. The benchmark Hang Seng Index climbed 221.53 points to 24,437.54 on turnover of HK$45.52 billion (US$5.87 billion). Copyright AFP (Agence France-Presse), 2014

Nikkei hits 6 month high on earnings hopes; casino plays outperform TOKYO: Japan's Nikkei average rose to six-month highs on Monday, and looked poised to test key resistance levels around 15,500 points, on hopes of continued improvement in corporate earnings.By the middday break, the benchmark Nikkei was up 0.5 percent at 15,530.29, its highest level since Jan. 23, reversing early losses that followed Friday's weakness on Wall Street.Still, the index is down 4.7 percent since the start of this year following a record-breaking 57 percent rally ...

Obama tells Israel Gaza truce needed as conflict rages GAZA CITY: US President Barack Obama called for an immediate ceasefire in Gaza, after Israel and Hamas ignored calls for a truce and the raging conflict entered its third week Monday.But after a day of strike and counter-strike, mutual attacks seemed to lull in the first hours of Monday, the beginning of the Muslim Eid festival ending the month-long fast of Ramadan, as world leaders pushed for an elusive ceasefire.Obama spoke with Israeli Prime Minister ...

Australia says chance of MH17 site visit not good SYDNEY: The chances of Dutch and Australian police reaching the crash site of Malaysia Airlines flight MH17 are not good, and the effort could take days, a senior Australian official said Monday.An unarmed team of Dutch and Australian officers was forced to drop their plans to visit the site Sunday as heavy bombardments rocked towns close to the area where the plane was shot down, killing all 298 on board.And tensions were such that the ...


Index Closing Chg%
Arrow DJIA 16,960.57 0.72
Arrow Nasdaq 4,449.56 0.50
Arrow S&P 1,978.34 0.48
Arrow FTSE 6,791.55 0.44
Arrow DAX 9,644.01 1.53
Arrow CAC-40 4,330.55 1.82
Arrow Nikkei 15,457.87 1.13
Arrow H.Seng 24,216.01 0.31
Arrow Sensex 26,126.75 0.55

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