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Global stocks struggle for footing after bond slip

World stocks steadied at two-month lows on Thursday though bond markets stayed firmly in the red, as eight years on from the collapse of Lehman Brothers two of Europe's top central banks prepared to keep their interest rates pointing down. Europe's main stock markets in London .FTSE,...

4 killed in Pakistan train collision

At least four people were killed and dozens injured late Wednesday when a passenger train collided with a freight train in central Pakistan, an official said. The collision around 25 kilometers (15 miles) from the city of Multan in the Punjab region happened when a Karachi-bound passenger...

Boko Haram video reinforces schism with Daesh

A faction within Nigeria’s Boko Haram terror group released an Eid al-Adha video message Wednesday that further underlined tensions within the group and its movement away from Daesh. The group is led by Abubakar Shekau, who in March last year pledged allegiance to Daesh and its leader Abu...

Bond sell-off keeps investors on edge

Rising bond yields, sparked in part by deepening worries over the difficulty of the world's major central banks to stimulate growth, kept investors in broadly risk-off mode on Wednesday The possible spillover effects of rising bond yields into stock and commodity markets has hit financial...

New US military aid deal for Israel complete

The U.S. and Israel have concluded an agreement to increase Washington's military aid to Tel Aviv, the State Department announced Tuesday. The new Memorandum of Understanding "constitutes the single largest pledge of bilateral military assistance in U.S. history," the State Department said...

Muslim pilgrims stone devil in last Hajj ritual

Nearly two million Muslim pilgrims continued Tuesday the symbolic stoning of the devil, the last major ritual of the Hajj pilgrimage.  Crowds of the pilgrims converged on the Jamrat Bridge in the tent city of Mina to perform the stoning ritual.  Pilgrims hurl seven pebbles for...

Hungary should be excluded from EU, Luxembourg FM says

Luxembourg's foreign Minister Jean Asselborn has demanded that Hungary should be excluded from the European Union for its "massive violation of EU fundamental values". In an interview with German daily Die Welt on Tuesday, Asselborn criticized Hungary's treatment of refugees as well as Prime...

Selloff gathers pace as stimulus pullback fears deepen

European stocks and bonds fell in a volatile market on Monday, hit by growing concerns that global central banks' commitment to the post-crisis orthodoxy of super-low interest rates and asset purchase programs may be waning. German Bund yields DE10YT=TWEB rose further above zero to as high...

Indonesians prepare to welcome Eid al-Adha

Indonesians across the world's most populous Muslim nation are preparing to welcome Eid al-Adha on Monday by flocking to markets to procure cattle, or by packing their bags and making the often long and arduous journey home. On Sunday, thousands of people were crowding train stations, bus...

Iran welcomes Syria deal, urges political solution

Iran, a close ally and military backer of Syrian President Bashar al-Assad, welcomed a U.S.-Russian deal for a truce in Syria, saying on Sunday the conflict should be ended through politics. The agreement, by the powers that back opposing sides in the five-year-old war, promises a nationwide...

Dozens dead in Bangladesh explosion, blaze

At least 24 people died in a factory boiler blast and fire in Tongi, a township to the north of Bangladesh’s capital Dhaka, on Saturday, police said. Deputy Insp. Malek Khasru Khan said 74 were injured in the 6.15 a.m. local time (0015GMT) explosion at the Tampaco Foils packaging plant in an...

US finally sees the FETO danger: Turkish Deputy PM

Washington is finally waking up to the threat of the Fetullah Terrorist Organization (FETO) in Turkey, Deputy Prime Minister Numan Kurtulmus said Friday, fresh back from a trip to the United States. Speaking on CNN Turk, Kurtulmus reiterated Ankara expects Washington to extradite the...

US, Russia announce truce deal on Syria

The U.S. and Russia have agreed to take steps to reduce violence in war-torn Syria, Secretary of State John Kerry announced on early Saturday. In a joint press conference with his Russian counterpart, Sergey Lavrov, Kerry said a truce would commence with the start of the Muslim holiday...