Archive for May 13th, 2008

Oil prices fall amid concern over demand decline

Tuesday, May 13th, 2008

Crude futures fell below 125 U.S. dollars a barrel Monday amid concerns of possible decline in demand due to rising prices. Light, sweet crude for June delivery closed at 124.23 dollars a barrel on the New York Mercantile Exchange, ...

Wall Street rallies as crude prices decline

Tuesday, May 13th, 2008

Wall Street rallied Monday as oil prices fell back over investors' concerns about accelerating inflation. Light, sweet crude oil fell 1.73 U.S. dollars to 124.23 dollars per barrel on the New York Mercantile Exchange. Invest ...

Dollar mixed against major currencies

Tuesday, May 13th, 2008

The dollar fell against the euro and the pound but rose against the yen on Monday as investors' appetite for risky carry-trades rose slightly. A dip in oil prices and unexpectedly strong earnings from HSBC revived interest in carry- ...

Lebanese army to use force against armed presence

Tuesday, May 13th, 2008

The Lebanese Army will use force if necessary to disarm gunmen and restore law and order from 6 a.m. Tuesday (0300 GMT), following six days of fierce internal fighting, local Naharnet news website reported on Tuesday. "Army units wi ...

Medical source: 11 killed in Sadr city clashes

Tuesday, May 13th, 2008

Sporadic clashes between U.S. troops and Shiite militia in Baghdad's eastern neighborhood of Sadr city killed 11 people and wounded about 20 others, a medical source said on Tuesday. According to medical official in Sadr city, sporad ...

Pakistan’s PML-N ministers submit resignations to PM

Tuesday, May 13th, 2008

The ministers from the Pakistan Muslim League-Nawaz (PML-N) submitted their resignations to Prime Minister Yousaf Raza Gilani Tuesday afternoon, marking the end of the six-week-old coalition government. PML-N leader Nawaz Sharif ann ...

18 rebels killed, 17 injured in N Sri Lanka’s clashes

Tuesday, May 13th, 2008

At least 18 Tamil Tiger rebels have been killed and 17 others injured in clashes with the government troops, defense officials here said Tuesday. Separate clashes took place in the northern regions of Vavuniya, Welioya and Mannar on ...

Afghan army conducts first artillery live-fire exercise

Tuesday, May 13th, 2008

Afghan National Army (ANA) has accomplished its first artillery live-fire exercise backed by mentors from the NATO-led International Security Assistance Force (ISAF), an ISAF statement issued here Tuesday said. The exercise, conduct ...