TOKYO (AP) — Shares pushed higher Friday despite a sell-off in China that pushed Shanghai’s benchmark down 6.4 percent. Relief over the Federal Reserve’s stance on putting off an interest rate hike appeared to be offsetting worries over the stalemate in talks on Greece’s debt mess.
Category Archives: EU
LUXEMBOURG (AP) — Europe was scrambling to pick up the pieces after another failed meeting over Greece’s bailout which reinforced fears that the country was heading for bankruptcy and euro exit.
Al-Qaeda in North Africa has denied reports its former leader Mokhtar Belmokhtar was killed in a US air strike last week in Libya, in a statement posted online overnight. “The mujahid Khaled Abu al-Abbas is still alive and well,” said the statement from Al-Qaeda in the Islamic Maghreb, using the name by which Belmokhtar is widely known in jihadist circles. “The real target of the air strike was the Libyan lions,” the extremist group said, referring to fighters in the strife-torn North African country.
The European Central Bank’s decision-making governing council will hold an emergency session Friday to discuss a request from the Bank of Greece for an increase in liquidity to Greek banks, sources familiar with the matter told AFP. The council will hold a teleconference at around midday (1000 GMT) to discuss a possible increase in the Emergency Liquidity Assistance facility, as deposit withdrawals from Greek banks have accelerated in recent days, sources said, speaking on condition of anonymity. An ECB spokesman declined to comment.
Danish Prime Minister Helle Thorning-Schmidt conceded defeat in Thursday’s general election after an anti-immigration party scored a record vote to become the second-largest party and lifted the opposition right-wing bloc to victory. The DPP became the largest right-wing party for the first time with 21.1 percent of the vote, giving the grouping 90 seats in parliament. “Now it is up to Lars Lokke Rasmussen to try to form a government,” she said, referring to the leader of the main right-wing party Venstre.
UNIVERSITY PLACE, Wash. (AP) — Count Rory McIlroy among those who failed to figure out the bumpy, bouncy speed of the greens of Chambers Bay on the first day of the U.S. Open.