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POPULAR NEWS
Gold posts a modest rise after ending last week at a 2-week low

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold on Comex added $1.60, or 0.1%, to settle at $1,277.30 an ounce. It ended Friday at $1,275.70, the lowest most-active contract finish since May 2, according to FactSet data. Gold futures logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer buck. Among...

Stocks Close Down for Second Straight Session as Trade Concerns Persist

U.S. stocks closed lower Monday, with technology shares leading major benchmarks to their second straight losing session. The S&P 500 fell roughly 0.7% to end at 2,840, while the Dow Jones Industrial index shed 0.3% to about 25,679. The Nasdaq Composite index retreated 1.5% to approximately 7,702. Concerns over U.S.-China trade relations deepened after U.S. technology companies began complying with new export restrictions instituted last week by the Trump administration against China's...

Gold Holds Weekly Drop as Dollar Steadies Amid Trade

Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war. Spot gold -0.1% at $1,275.92/oz at 7:24am in London, after dropping 0.7% last week. Bloomberg Dollar Spot Index steady, after +0.8% last week. Chinese Foreign Minister Wang Yi told U.S. Secretary of State Mike Pompeo in a call on Saturday that while it™s still possible to work out a deal, Beijing must safeguard its interests....

Gold Claws Up From Two-Week Lows as Dollar, Stocks Point Lower

Gold futures prices inched up from the two-week lows hit to wrap up last week, with both the dollar and stocks pointing lower Monday. A narrow trading band continues to hamper significant moves for the haven metal, which typically might draw strong demand based on concern for a prolonged trade war that keeps risk markets, including stocks, in flux. Instead, gold futures prices logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer...

Oil prices up on signs OPEC may extend output cuts

Oil prices moved higher Monday after members of the Organization of the Petroleum Exporting Countries, meeting with some nonmember allies over weekend, signaled that the cartel wants to extend production cuts through the end of 2019. OPEC and non-OPEC members, such as Russia, met in Jeddah, Saudi Arabia, on Sunday to explore production options that will be decided at a June summit in Vienna. Last December, the group agreed to cut output by a collective 1.2 million barrels a day, a move that...

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 posts a modest rise after ending last week at a 2-week low

Gold prices finished Monday with a modest gain after settling at a two-week low in the previous session, with the dollar showing some weakness and U.S. stocks on the decline. June gold on Comex added $1.60, or 0.1%, to settle at $1,277.30 an ounce. It ended Friday at $1,275.70, the lowest most-active contract finish since May 2, according to FactSet data. Gold futures logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer buck. Among...

Stocks Close Down for Second Straight Session as Trade Concerns Persist

U.S. stocks closed lower Monday, with technology shares leading major benchmarks to their second straight losing session. The S&P 500 fell roughly 0.7% to end at 2,840, while the Dow Jones Industrial index shed 0.3% to about 25,679. The Nasdaq Composite index retreated 1.5% to approximately 7,702. Concerns over U.S.-China trade relations deepened after U.S. technology companies began complying with new export restrictions instituted last week by the Trump administration against China's...

Gold Holds Weekly Drop as Dollar Steadies Amid Trade

Gold held a weekly loss as the dollar steadied and markets remained fragile after the escalation in the U.S.-China trade war. Spot gold -0.1% at $1,275.92/oz at 7:24am in London, after dropping 0.7% last week. Bloomberg Dollar Spot Index steady, after +0.8% last week. Chinese Foreign Minister Wang Yi told U.S. Secretary of State Mike Pompeo in a call on Saturday that while it™s still possible to work out a deal, Beijing must safeguard its interests....

Gold Claws Up From Two-Week Lows as Dollar, Stocks Point Lower

Gold futures prices inched up from the two-week lows hit to wrap up last week, with both the dollar and stocks pointing lower Monday. A narrow trading band continues to hamper significant moves for the haven metal, which typically might draw strong demand based on concern for a prolonged trade war that keeps risk markets, including stocks, in flux. Instead, gold futures prices logged a weekly loss of 0.9% last week on the back of a jump in U.S. consumer sentiment and a slightly firmer...

Oil prices up on signs OPEC may extend output cuts

Oil prices moved higher Monday after members of the Organization of the Petroleum Exporting Countries, meeting with some nonmember allies over weekend, signaled that the cartel wants to extend production cuts through the end of 2019. OPEC and non-OPEC members, such as Russia, met in Jeddah, Saudi Arabia, on Sunday to explore production options that will be decided at a June summit in Vienna. Last December, the group agreed to cut output by a collective 1.2 million barrels a day, a move that...

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