Archive of December 2013

S&P 500 set for best year since 1997

NEW YORK: US stocks advanced modestly on Tuesday, boosted by a solid consumer confidence reading, keeping the S&P 500 on track for its best year...

C$ firms but ends weakest year since 2008

TORONTO: The Canadian dollar rose slightly against the greenback on Tuesday, even as it was closing out its weakest year since 2008, with analysts expecting...

European stock markets enjoy bumper gains in 2013

LONDON: European stocks surged in 2013 on growing investor optimism, supportive central bank monetary policy and easing eurozone crisis fears, dealers said.London's benchmark FTSE 100...

South American hooligans run amok ahead of World Cup

MONTEVIDEO: An increase in football-related violence in South America is tarnishing the image of the game on the continent just months before Brazil hosts the...

Bloomberg era comes to a close in New York

NEW YORK: Brash billionaire Michael Bloomberg on Tuesday concludes 12 years as New York's mayor, an era marked by major changes in America's biggest city...

US Boy Scouts welcome gays

WASHINGTON: The Boy Scouts of America are starting the new year by officially welcoming openly gay youths into their ranks, but not everyone is pleased...

Syria must 'intensify' chemical disarmament: mission chief

DAMASCUS: Syria must "intensify efforts" to destroy its chemical arsenal in line with a timetable set by the United Nations, its disarmament mission chief told...

US stocks push higher on final day of banner 2013

NEW YORK: US stocks on Tuesday moved higher following a report showing rising home prices as investors kicked off the final session of a banner...

Kenyan stocks post 19.2pc gain for 2013

NAIROBI: Kenya's main share index rose on Tuesday to record a 19.2 percent gain for 2013, helped by east Africa's biggest telecoms operator, Safaricom, which...

Thousands block Central African Republic flights

BANGUI: Thousands of people caught up in fighting in Central African Republic blocked the runway of its international airport on Tuesday, demanding more aid and...