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POPULAR NEWS
Gold Ends at Nearly 3-Week Low as Dollar, Stocks Perk Up

Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to the lowest finish in almost three weeks. June gold on Comex lost $4.10, or 0.3%, to settle at $1,273.20 an ounce, after booking a modest rise on Monday. The yellow metal logged the lowest most-active contract settlement since May 2, and turned slightly lower week to date, according to FactSet data. Gold's recent gains had been supported by...

Gold Ends Modestly Higher, Edges Up Further in Electronic Trade after Fed Minutes

Gold prices posted a modest gain on Wednesday, recouping a portion of the loss from a day earlier as U.S. benchmark stock indexes moved lower. Prices then moved a few cents higher in electronic trading after minutes from the Federal Open Market Committee's April 30 to May 1 meeting showed that voting members seemed comfortable with their patient stance on interest rates. In electronic trading, gold for June delivery was at $1,274.50 an ounce shortly after the meeting minutes. The contract had...

Gold hovers near two-week low on strong dollar ahead of Fed minutes

Gold edged lower on Wednesday to hover near a two-week low, as a stronger dollar and signs of easing Sino-U.S. friction dented demand for bullion ahead of the minutes from U.S. Federal Reserve™s latest meeting. Spot gold edged 0.1% lower to $1,273.70 per ounce at 0239 GMT. In the previous session, the metal fell to $1,268.97, its lowest since May 3. U.S. gold futures were unchanged at $1,273.30 an ounce. The dollar hovered near a four-week high supported by higher U.S. yields, which rose...

Gold Trades at Nearly 3-Week Low as Dollar, Stocks Perk Up

Gold prices headed lower Tuesday as global stocks staged a rebound and the dollar strengthened, factors that helped to dull bullion™s appeal. June gold on Comex traded $4.90, or 0.4%, lower at $1,272.40 an ounce, after booking a modest rise on Monday. The day™s early trading put the yellow metal on pace to log its lowest settlement since May 2, according to FactSet data. Gold™s gains had been supported by increased U.S.-China trade tensions and worries about other political...

U.S. oil slips on demand worries; but global crude buoyed by Mideast tensions

U.S. prices settled lower Tuesday as U.S.-China trade woes weighed on energy-demand prospects. However, Middle East tensions provided some support for the global benchmark. West Texas Intermediate crude for June delivery lost 11 cents, or 0.2%, to settle at $62.99 a barrel on the New York Mercantile Exchange. WTI settled at $63.10 Monday, the highest finish for a front-month contract since May 1, according to Dow Jones Market Data. The June contract expired at the day™s settlement. The new...

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 Ends at Nearly 3-Week Low as Dollar, Stocks Perk Up

Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to the lowest finish in almost three weeks. June gold on Comex lost $4.10, or 0.3%, to settle at $1,273.20 an ounce, after booking a modest rise on Monday. The yellow metal logged the lowest most-active contract settlement since May 2, and turned slightly lower week to date, according to FactSet data. Gold's recent gains had been supported by...

Gold Ends Modestly Higher, Edges Up Further in Electronic Trade after Fed Minutes

Gold prices posted a modest gain on Wednesday, recouping a portion of the loss from a day earlier as U.S. benchmark stock indexes moved lower. Prices then moved a few cents higher in electronic trading after minutes from the Federal Open Market Committee's April 30 to May 1 meeting showed that voting members seemed comfortable with their patient stance on interest rates. In electronic trading, gold for June delivery was at $1,274.50 an ounce shortly after the meeting minutes. The contract had...

Gold hovers near two-week low on strong dollar ahead of Fed minutes

Gold edged lower on Wednesday to hover near a two-week low, as a stronger dollar and signs of easing Sino-U.S. friction dented demand for bullion ahead of the minutes from U.S. Federal Reserve™s latest meeting. Spot gold edged 0.1% lower to $1,273.70 per ounce at 0239 GMT. In the previous session, the metal fell to $1,268.97, its lowest since May 3. U.S. gold futures were unchanged at $1,273.30 an ounce. The dollar hovered near a four-week high supported by higher U.S. yields, which rose...

Gold Trades at Nearly 3-Week Low as Dollar, Stocks Perk Up

Gold prices headed lower Tuesday as global stocks staged a rebound and the dollar strengthened, factors that helped to dull bullion™s appeal. June gold on Comex traded $4.90, or 0.4%, lower at $1,272.40 an ounce, after booking a modest rise on Monday. The day™s early trading put the yellow metal on pace to log its lowest settlement since May 2, according to FactSet data. Gold™s gains had been supported by increased U.S.-China trade tensions and worries about other political...

U.S. oil slips on demand worries; but global crude buoyed by Mideast tensions

U.S. prices settled lower Tuesday as U.S.-China trade woes weighed on energy-demand prospects. However, Middle East tensions provided some support for the global benchmark. West Texas Intermediate crude for June delivery lost 11 cents, or 0.2%, to settle at $62.99 a barrel on the New York Mercantile Exchange. WTI settled at $63.10 Monday, the highest finish for a front-month contract since May 1, according to Dow Jones Market Data. The June contract expired at the day™s settlement. The new...

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