23 September 2014

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Arab Bank funds Hamas, supports terrorism

NEW YORK, Sept 22, 2014  In a landmark decision, a New York jury on Monday found the Jordan-based multinational Arab Bank liable on 24 counts of supporting terrorism by transferring funds to Hamas.The verdict came after the jury deliberated for nearly two full days after a month-long trial at the eastern district court in Brooklyn."This is an enormous milestone," said Gary Osen, a lawyer on the team representing around 300 American relatives and the victims of 24 attacks carried out in Israel and the Palestinian

Asian shares mostly up on surprise China data

Asian shares mostly up on surprise China dataHONG KONG: Asia´s markets were mostly higher Tuesday after a gauge of Chinese manufacturing beat expectations to show a pick-up in September, providing some respite for dealers concerned about the economic giant.The dollar retreated following a recent rally, while on Wall Street the Dow edged down after clocking another record at the end of last week.Shanghai rose 0.43 percent, Sydney gained 0.26 percent, Hong Kong was 0.10 percent higher and Seoul was 0.32 percent

China manufacturing gauge picks up in September: HSBC

BEIJING: China’s manufacturing sector saw a surprise pick-up in September, a closely watched survey showed Tuesday, providing some respite after a string of weak data pointing to a slowdown in world’s second-largest economy.HSBC said its preliminary purchasing managers index (PMI), which tracks activity in China’s factories and workshops, advanced to a two-month high of 50.5, higher than a final reading of 50.2 in August.A reading above 50 indicates the sector is expanding.Concerns over China’s

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