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(MENAFN - AFP) Oil prices rose on Thursday after the release of solid economic data in the US, the world's top consumer of crude, traders said.

Futures rebounded from losses earlier in the day caused by receding concerns that conflicts in crude producers Libya and Iraq would result in a major supply disruption.

Brent North Sea crude for delivery in October climbed ...

 
(MENAFN - AFP) Sri Lanka's trade deficit narrowed substantially this year thanks to increased demand for clothing exports to the United States and Europe, the island's central bank said Thursday.

Exports jumped 16.8 percent to $5.44 billion in the first six months of calendar 2014 compared to the same period last year, the Central Bank of Sri Lanka said.

Imports meanwhile ...

 
(MENAFN - AFP) A timid economic recovery in the eurozone is still holding, a closely-watched survey showed on Thursday, but at a pace that promises only negligible growth for the year.

This latest data is likely to strengthen the views of those who hold that the European Central Bank will eventually take extra measures to inject cash into the single-currency zone.

"The ...

 
(MENAFN - AFP) Air Berlin, Germany's second-biggest airline, said on Thursday it flew back into profit in the second quarter and promised a massive restructuring programme later this year.

Presenting the company's second-quarter results, chief executive Wolfgang Prock-Schauer said: "We were able to improve the net result and our operating result is looking better than it ...

 
(MENAFN - AFP) Global drinks giant Treasury Wine Estates on Thursday reported a net loss of Aus$100.9 million (US$93.3 million) during a year in which the firm replaced its chief executive and became a takeover target.

The world's largest publicly-listed pure-play wine company, with over 80 brands, said after 12 months of upheaval it was "poised for re-set and a return to ...

 
(MENAFN - AFP) Asian markets mostly fell Thursday, with downbeat Chinese manufacturing data dragging down Hong Kong and Shanghai as concerns grew about the pace of recovery in the world's second-largest economy.

But Tokyo bucked the trend, gaining 0.85 percent, or 131.75 points, to 15,586.20 after US Federal Reserve minutes suggested interest rates may be hiked sooner than ...

 
(MENAFN - AFP) Japan is considering building its own fighter jets after years of playing second fiddle in a US construction partnership, a report said Thursday, in a move likely to stoke fears of its military resurgence among Asian neighbours.

Japan's attempt in the 1980s to build its first purely domestic fighters since World War II faced US resistance and resulted in joint ...

 
(MENAFN - AFP) Oil prices edged lower in Asia Thursday on fading fears that conflicts in crude producers Libya and Iraq could result in a major supply disruption, analysts said.

US benchmark West Texas Intermediate for October delivery was down 27 cents at $93.18 while Brent for October eased 26 cents to $102.02 in afternoon trade.

"Benchmark prices weakened further ...

 
(MENAFN - AFP) Nearly five percent of Japanese adults are addicted to gambling, a rate of up to five times that of most other nations, according to a study.

The study, released to local media on Wednesday, also showed rising adult addiction to the Internet and alcohol in a society long known for its tolerance of boozing and its love of technology.

"If something new ...

 
(MENAFN - AFP) A 70-year-old Australian grandfather has become the oldest person to swim the English Channel, celebrating his feat by having a couple of beers "for medicinal purposes".

Cyril Baldock, from Bondi in Sydney's eastern suburbs, said the beers tasted better than the sea water he swallowed during the record-breaking swim from England to France on Wednesday, which ...

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