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(MENAFN - AFP) Asian stocks took their cue from Wall Street on Thursday, rallying after days of wild swings, but dealers cautioned that the spectre of the slowing Chinese economy meant more turbulence lay ahead.

US stocks snapped a six-day losing streak after one of the most senior officials in the Federal Reserve said the turmoil that has gripped world financial markets ...

 
(MENAFN - AFP) Labour leadership favourite Jeremy Corbyn said Wednesday he would consider women-only train carriages in Britain to stem a rising tide of assaults and harassment.

The veteran MP for Islington North, the surprise leader in the four-way contest, made the suggestion in a statement on how to tackle harassment of women across society as a whole.

"It is unacceptable ...

 
(MENAFN - AFP) Deep in the bayous of Louisiana, time seems to move more slowly.

But it's not moving slowly enough to save a community of Native Americans living on a strip of an island that is being swallowed by the sea.

The southern US state has lost nearly 2,000 square miles (5,000 square kilometers) of coastal wetlands since the 1930s. Major efforts aimed at restoring ...

 
(MENAFN - AFP) Japanese auto giant Toyota said Wednesday it would gradually restart operations in Tianjin after halting production in the wake of deadly explosions at a hazardous goods facility in the Chinese port city.

The firm said workers will on Thursday begin preparatory work to restart a factory kept offline since a storage facility near the plant exploded earlier this ...

 
(MENAFN - AFP) Irish bookmaker Paddy Power and British online sports betting firm Betfair are set to merge, the pair announced Wednesday in a deal that will create a global gambling giant.

Management at both companies have agreed "in principle" on the key terms of a potential merger giving Paddy Power shareholders a 52 percent stake and Betfair the remaining 48 percent.

The ...

 
(MENAFN - AFP) Malaysian conglomerate Sime Darby Wednesday reported a 17 percent year-on-year fall in net profit in the fourth quarter due to a plunge in commodity prices and poor sales of vehicles and industrial equipment in key markets like China.

The world's largest listed palm oil producer by acreage said net profit for April-June was 988.7 million ringgit ($233.30 million), ...

 
(MENAFN - AFP) European markets joined Asia on a roller-coaster session Wednesday, as China's interest rate cut showed no sign of ending a crisis fuelled by fears over stalling growth in the world's number-two economy.

Frazzled investors sent Europe's top indexes falling by more than one percent in opening trade after a choppy session on Asian bourses, and analysts predicted ...

 
(MENAFN - AFP) Despite recent optimism surrounding Pakistan's economy, the country is facing an "existential crisis" stemming from its woeful tax collection rates and inability to finance itself, a report said Wednesday.

Pakistan's economy grew at 4.24 percent during the 2014-2015 fiscal year with per capita income rising a significant 9.25 percent, markers that come as investor ...

 
(MENAFN - AFP) Europe's stock markets fell by more than one percent at the open on Wednesday despite gains in Asia, as investor enthusiasm waned over China's interest rate cut.

In initial trade, London's benchmark FTSE 100 index lost 1.30 percent to 6,002.28 points, Frankfurt's DAX 30 tumbled 1.69 percent to 9,956.85 and the CAC 40 in Paris sank 1.44 percent to 4,499.23 points.

European ...

 
(MENAFN - AFP) Australia's city of Newcastle, which claims to be the world's biggest coal export port, said Wednesday it will pull money out of fossil fuel industries and invest in more sustainable enterprises.

Newcastle City Council, which manages a Aus$268 million (US$191 million) investment fund for Australia's seventh largest city, voted late Tuesday to move progressively ...

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