Archive of December 2014

Iran says new US sanctions violate spirit of nuclear talks

DUBAI: Iran criticised the latest U.S. sanctions on nine targets who Washington says have helped Tehran avoid existing sanctions or commit human rights abuses, saying...

Dollar on track to rack up strongest year since 2005

LONDON: The dollar was set to end 2014 with a gain of more than 12 percent against a basket of major currencies on Wednesday, its...

Nigerian naira, stocks end year sharply down

LAGOS: The Nigerian naira rose against the dollar in thin early trade to 181.42 but remained on course for a 13.8 percent fall on the...

Sri Lankan recovers from early loss; sees 23.4pc gain for year

COLOMBO: Sri Lankan stocks recovered from early losses on Wednesday and closed higher, led by financials, but the gains were limited by political uncertainty before...

Soybeans face biggest yearly loss in decade on supply swing

PARIS/SINGAPORE: Chicago soybean futures were set to end 2014 with their biggest loss in a decade as bumper production in the United States and South...

Sri Lankan rupee forwards end weaker on importer dollar demand

COLOMBO: Sri Lankan rupee forwards ended slightly weaker on Wednesday due to mild importer dollar demand.The spot currency was maintained between 130.00 and 131.75 rupees...

Kenyan shilling eases slightly, stocks tick up

NAIROBI: Kenya's shilling weakened during a shortened holiday session on Wednesday. Stocks inched higher.The shilling closed at 90.65/75 against the dollar, compared with Tuesday's close...

Oil falls below $56, heads for biggest annual drop since 2008

LONDON: Oil dropped below $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008, pressured by weakening demand and a...

US jobless claims rise, but labor market still strengthening

WASHINGTON: The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the trend remained consistent with sustained strength...

Arabica coffee at 5-1/2-month low but on track for big 2014 rise

LONDON: ICE arabica coffee futures slipped to a 5-1/2-month low on Wednesday but were on track to finish 2014 up nearly 50 percent after a...