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However, President Obama has vowed to veto the vote. More recently, he cut that in half, to between $50 and $60 billion.

In addition, the outage of a 290,000 barrel-per-day distillation unit at BP PLC’s Whiting refinery in Indiana was thought to reduce commercial crude demand, further adding to stockpiles.

Abu Dhabi: Narender Modi is the second Prime Minister of India after Indira Gandhi to visit UAE.

Foreign Secretary S Jaishankar on Monday issued the joint statement by India and UAE. He further said that terrorism based on the grounds of religion is unacceptable.

“If it collided into a mountain, there has never been a case of survivors”.

With foreign exchange reserves of around $3.65 trillion, China has plenty of scope to sell dollars and shore up its own currency.

“We will continue to urge the Cuban government to fulfil its obligations under UN and Inter-American human rights covenants – obligations shared by the United States and every other country in the Americas”, Kerry said.

It was the first time that the Chelsea boss decided to substitute the central defender in an EPL match.

Most shares in the region climbed as China kept its currency steady for a second day.

“Those days are gone”, Lawrence Cunningham, a professor at George Washington University and author of the book “Berkshire Beyond Buffett”, said in an interview. Precision Castparts operates a plant in Redmond, PCC Schlosser, which manufactures titanium...

Asciano’s board is expected to recommend a takeover bid worth around $9 billion from suitor Brookfield Infrastructure Partners when the ports and rail group reports its annual results today. The offer has an implied value of about A$9.15 a share. Australian infrastructure...

Housing investments saw a second straight quarter of growth with a rise of 1.9 percent, indicating an end to the dip in demand when households rushed to make purchases before the consumption tax rate increased.

The New York Fed said its general business conditions index tumbled to a negative 14.9 in August from a positive 3.9 in July, with a negative reading indicating a contraction in manufacturing activity.

At a press conference, he said he stuck to his personal view that the decision about when to start raising rates from 0.5 per cent now was likely to come into sharper relief at the turn of the year.

Inflation is projected to rise from current lows “around the turn of the year“, as past falls in energy prices drop out of the annual comparison, the report said.