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POPULAR NEWS
Gold Settles with a Loss as Investors Look to the Outcome of the Fed's Meeting this Week

Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve's meeting later this week. Traders also kept an eye on geopolitical developments, including the U.K.'s efforts to reach a deal on leaving the European Union, and the direction of the U.S. dollar. Gold for April delivery on Comex fell $1.40, or 0.1%, to settle at $1,301.50 an ounce after trading as high as $1,306.70. May silver  shed a fraction of a cent to...

Gold Edges Higher as Investors Eye Fed Meeting, Dollar

Gold futures edged higher Monday, attempting to build on a rally that pushed the yellow metal above $1,300 an ounce last week as traders prepare for this week™s meeting of Federal Reserve policy makers and keep an eye on geopolitical developments, including the U.K.™s efforts to reach a deal on leaving the European Union, and the direction of the U.S. dollar. Gold for April delivery on Comex rose $2.70, or 0.2%, to $1,305.60 an ounce, while May silver was up 3.1 cents, or 0.2%, to $15.355...

Asia Stocks Rise, Focus Back on Fed; Yields Steady: Markets Wrap

Stocks in Asia gained Monday after a positive finish to a strong week for U.S. stocks led global equities to a five-month high. Treasuries steadied. Shares in Sydney, Seoul and Tokyo advanced after the S&P 500 Index posted its best week since November. Treasuries held gains seen at the end of last week and the 10-year yield remained below 2.6 percent in the wake of soft economic data. The dollar as focus turned to the Federal Reserve, which will likely reinforce its policy-pause...

Tokyo stocks open higher tracking gains in US shares

Tokyo stocks opened higher on Monday, tracking gains on Wall Street due to optimism over US-China trade talks, with investors closely eyeing the US Federal Reserve's meeting later this week. The Nikkei 225 index added 0.65 percent, or 139.64 points, to 21,590.49 in early trade, while the broader Topix index climbed 0.43 percent, or 6.82 points, to 1,609.45. Source : AFP

Dollar licks wounds after soft data fans bets on dovish Fed

The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain's exit from the European Union. The dollar's index against a basket of six major currencies stood at 96.564, having shed 0.81 percent last week, the biggest loss since late August. The British pound stood not far from last week™s nine-month high of $1.3380, supported by relief that a...

Somalia Bans Old Antonov Planes From Its Airspace
Thursday, 14 March 2019 11:21 WIB | GLOBAL |GlobalPesawat,

The Somali government is banning four types of Antonov airplanes from flying in Somali airspace, citing safety reasons.

The Somali Civil Aviation Authority (SCAA) says the AN-24, AN-26, AN-32 and AN-12 models will not be allowed to operate in Somali airspace after March 15.

Officials say there have been no accidents involving the Soviet-era planes, but there have been œnear misses."

A letter from the SCAA originally gave airline operators until February 28 to cease flights. That deadline has been extended until March 15, according to the deputy manager of SCAA, Jama Ahmed Muse.

The letter says the Antonovs do not have approved maintenance centers in the East Africa region where they can be repaired. Instead, mechanics repair these planes in the airport. It also says these planes lack an air traffic collision avoidance system, and that their noise certification is "unacceptable."

œWe have given [operators] until March 15, until we finish our investigation, said Muse. œIf they don™t meet the standard, we told them they will not have the permission.

A senior official with SCAA later told the Investigative Dossier, a program of VOA's Somali Service, that the decision to revoke their permits is final.

œEverybody is aware of the situation and they will have replacement planes in place. Some operators have already replaced their aircraft, the official said.

Muse says the order will affect a small number of planes that are charted by humanitarian organizations and the African Union mission in Somalia (AMISOM) to ferry cargo.

Muse says one of the planes, an AN-12, already left the country and returned to Ukraine, its registered country.

Somalia fully took over control of its airspace in December 2017 and transferred air traffic control from Nairobi. It had been run there by the United Nations International Civil Aviation Organization since the early 1990s Somali civil war.

Officials say there are about 250 flights over Somali airspace each day, excluding arrivals and departures. The number of travelers to and from Somalia has increased in recent years. Mogadishu airport alone saw a half million travelers in 2017.

Source: VOA news

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POPULAR NEWS
Gold Settles with a Loss as Investors Look to the Outcome of the Fed's Meeting this Week

Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve's meeting later this week. Traders also kept an eye on geopolitical developments, including the U.K.'s efforts to reach a deal on leaving the European Union, and the direction of the U.S. dollar. Gold for April delivery on Comex fell $1.40, or 0.1%, to settle at $1,301.50 an ounce after trading as high as $1,306.70. May silver  shed a fraction of a cent to...

Gold Edges Higher as Investors Eye Fed Meeting, Dollar

Gold futures edged higher Monday, attempting to build on a rally that pushed the yellow metal above $1,300 an ounce last week as traders prepare for this week™s meeting of Federal Reserve policy makers and keep an eye on geopolitical developments, including the U.K.™s efforts to reach a deal on leaving the European Union, and the direction of the U.S. dollar. Gold for April delivery on Comex rose $2.70, or 0.2%, to $1,305.60 an ounce, while May silver was up 3.1 cents, or 0.2%, to $15.355...

Asia Stocks Rise, Focus Back on Fed; Yields Steady: Markets Wrap

Stocks in Asia gained Monday after a positive finish to a strong week for U.S. stocks led global equities to a five-month high. Treasuries steadied. Shares in Sydney, Seoul and Tokyo advanced after the S&P 500 Index posted its best week since November. Treasuries held gains seen at the end of last week and the 10-year yield remained below 2.6 percent in the wake of soft economic data. The dollar as focus turned to the Federal Reserve, which will likely reinforce its policy-pause...

Tokyo stocks open higher tracking gains in US shares

Tokyo stocks opened higher on Monday, tracking gains on Wall Street due to optimism over US-China trade talks, with investors closely eyeing the US Federal Reserve's meeting later this week. The Nikkei 225 index added 0.65 percent, or 139.64 points, to 21,590.49 in early trade, while the broader Topix index climbed 0.43 percent, or 6.82 points, to 1,609.45. Source : AFP

Dollar licks wounds after soft data fans bets on dovish Fed

The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain's exit from the European Union. The dollar's index against a basket of six major currencies stood at 96.564, having shed 0.81 percent last week, the biggest loss since late August. The British pound stood not far from last week™s nine-month high of $1.3380, supported by relief that a...

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