Tag Archives: Air Base

Stocks skid, safe-haven assets jump as U.S. missiles strike Syria

A woman monitors stock market prices inside a brokerage in New Taipei city, Taiwan

By Wayne Cole

SYDNEY (Reuters) – Safe-haven bonds and the yen jumped in Asia on Friday, while stocks fell after the United States launched cruise missiles against an air base in Syria, raising the risk of confrontation with Syrian backers Russia and Iran.

The U.S. dollar dropped three-quarters of a yen in currency markets, while sovereign bonds, gold and oil prices rallied hard.

MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.7 percent in short order, and S&P 500 futures lost 0.5 percent in an unusually sharp move for Asian hours. Japan’s Nikkei was stripped of its early gains to slip 0.1 percent.

U.S. President Donald Trump ordered the strikes against a Syrian air base controlled by President Bashar al-Assad’s forces in response to a deadly chemical attack in a rebel-held area, a U.S. official said.

Facing his biggest foreign policy crisis since taking office in January, Trump took the toughest direct U.S. action yet in Syria’s six-year-old civil war.

Investors had already been on edge as Trump met Chinese leader Xi Jinping for talks over flashpoints such as North Korea and China’s huge trade surplus with the United States.

“While President Trump had flagged a response to this week’s chemical attack in Syria, the swiftness of the response and the willingness to take action halfway through the Trump-Xi meeting caught markets a little off-guard,” said Sean Callow, senior currency strategist at Westpac in Sydney.

“There should be limited market follow-through, however, with no indication at this stage that this is the start of a broad-based, sustained U.S. military campaign.”

It was not yet clear if this strike would be the only one, though Secretary of State Rex Tillerson did say the attack was  “proportionate”.

The yen, a favored haven in times of stress due to Japan’s position as the world’s largest creditor nation, climbed across the board. The dollar fell to 110.30 from 110.95 just before news of the attacks hit dealing screens.

The dollar was otherwise unscathed, however, as it benefited from flows into safe-haven U.S. Treasuries. Against a basket of currencies it was barely lower, while the euro held steady at $1.0649.

Yields on 10-year Treasury debt fell five basis points to 2.29 percent, breaking a significant chart barrier at 2.30 percent for the first time this year.

Spot gold prices jumped 1.2 percent to $1,266.01 an ounce and touched their highest since Nov. 10.

“Clearly this raises the stakes, and we expect to see gold prices continuing to push higher in the short term, at least until there is some clarity around whether this is a one-off or develops into something more,” ANZ analyst Daniel Hynes said.

Oil also caught a bid on concerns the military intervention could affect supplies from the Middle East.

U.S. crude jumped 93 cents to $52.63 a barrel, the highest in a month, while Brent added 90 cents to $55.79.

(Reporting by Nichola Saminather; Additional reporting by Herbert Lash; Editing by Shri Navaratnam and Will Waterman)

U.S.-backed forces capture Islamic State-held airport near Euphrates dam

Syrian Democratic Forces (SDF) fighters walk near damaged ground east of Raqqa city, Syria.

By Angus McDowall and Suleiman Al-Khalidi

BEIRUT/AMMAN (Reuters) – A U.S.-backed Syrian alliance of Kurdish and Arab militias on Sunday took a military airport in northern Syria held by Islamic State, close to the country’s largest dam that may be in danger of collapse.

The Syrian Democratic Forces (SDF), an alliance of Kurdish and Arab militias supported by a U.S.-led international coalition, said in a statement it had seized the air base.

Earlier, SDF spokesman Talal Silo said its fighters had seized “60 to 70 percent” of the airport but were still engaged in intense clashes with the ultra-hardline militants inside the air base and on its outskirts.

The SDF, backed by U.S. special forces in a campaign that has driven Islamic State from large swathes of northern Syria, fights separately from other rebel groups that seek to topple President Bashar al-Assad’s rule.

The SDF has been battling the militants near the Tabqa dam and air base west of the Syrian city of Raqqa in an accelerating campaign to capture Islamic State’s stronghold.

Hundreds of families were fleeing the city of Tabqa to the relative safety of outlying areas as U.S.-led coalition air strikes intensified in the past few days, according to former residents in touch with relatives.

The UK-based Syrian Observatory for Human Rights, which monitors the war in Syria, said a week-long campaign of U.S-led strikes on Tabqa and the western countryside of Raqqa province had killed at least 90 civilians, a quarter of them children, while injuring dozens.

A media representative for the U.S.-led coalition fighting Islamic State said it was looking into the Observatory’s assertion.

Last week, the Pentagon said there were no indications a U.S.-led coalition air strike near Raqqa had hit civilians, in response to an Observatory statement that at least 33 people were killed in a strike that hit a school sheltering displaced people near the city. The Pentagon added it would carry out further investigations.

A group of civic bodies and local and tribal notables from Raqqa province warned of an impending humanitarian crisis in the city of Raqqa as a result of the escalating campaign to seize the de facto capital of the militants.

“We call for immediate efforts to save people and protect them,” the statement of the Turkey-based opposition-run Local Council of Raqqa Province said, urging the international coalition to provide safe passage to civilians and ending bombing of infrastructure in the fight against Islamic State.

DAM AT RISK

The Pentagon said last Wednesday it had for the first time airdropped local ground forces behind enemy lines near Tabqa in a move aimed at retaking the major dam.

Islamic State said on its social media channels that Tabqa dam had been put out of service and all flood gates were closed. It said the dam was at risk of collapse because of air strikes and increased water levels.

Islamic State captured the Tabqa Dam, also known as the Euphrates Dam, which is about 40 km (25 miles) upstream from Raqqa and the air base, at the height of its expansion in Syria and Iraq in 2014.

The United Nations warned this year of catastrophic flooding in Syria from the Tabqa dam, which is at risk from high water levels, deliberate sabotage by Islamic State and further damage from air strikes by the U.S.-led coalition.

The director of the Syrian government’s General Authority of Euphrates Dam that formerly operated the huge project blamed U.S. strikes in the past two days for disrupting internal control systems and putting the dam out of service, and warned of growing risks that could lead to flooding and future collapses.

“Before the latest strikes by the Americans, the dam was working. Two days ago, the dam was functioning normally,” Nejm Saleh told Reuters.

“God forbid … there could be collapses or big failures that could lead to flooding,” Saleh said.

An SDF spokesman denied that coalition strikes hit the structure of the dam and said the air drop landing last week was conducted to prevent any damage to the main structure by engaging the militants away from the dam.

“The capture of the dam is being conducted slowly and carefully and this is why the liberation of the dam needs more time,” Silo said, adding that militants dug inside the dam knowing they would not be hit for fear of damaging the dam.

The Syrian Observatory for Human Rights said it had also learned from its own sources that the dam had stopped functioning but that Islamic State remained in control of its main operational buildings and turbines.

The dam is about 4.5 km (2.8 miles) long. The SDF has advanced a small distance along the dam from the northern bank but its progress is slow because Islamic State has heavily mined the area, the Observatory said.

(Reporting by Angus McDowall in Beirut and Suleiman Al-Khalidi in Amman; Additional reporting by Kinda Makieh in Damascus and Jason Lange in Washington; Editing by Tom Heneghan and Peter Cooney)

Italy would ‘positively consider’ U.S. request to use airbases for Libya strikes

A Danish F-16 Fighting Falcon takes off from the tarmac of the Sigonella NATO Airbase on the southern Italian island of Sicily, Italy

ROME (Reuters) – Italy signaled it would most likely allow the use of its airbases and airspace for strikes against Islamic State militants in Libya if the United States asks, Defence Minister Roberta Pinotti said on Wednesday.

“The government is ready to consider positively a request to use airbases and national airspace, and support the operation, if it is believed that it would lead to a more rapid and effective conclusion of the ongoing action,” Pinotti said in testimony to the lower house of parliament.

U.S. planes began bombing Islamic State targets in Libya on Monday at the request of the U.N.-backed government in Tripoli to help push militants from their former stronghold of Sirte.

(Reporting by Steve Scherer and Stefano Bernabei, editing by Isla Binnie)

Taliban Attack Kills 29 at Pakistan Airbase

Islamic terrorists attacked the mosque at a Pakistani Air Base near Peshawar, leaving at least 29 people dead.

Pakistani Army spokesman Maj. Gen. Asim Bajwa told reporters that at least 13 of the terrorists were killed in the assault.  One of those killed by the terrorists was an Army captain.

“We were offering prayers when we first heard the gunshots and then, within no time, they entered the mosque where they began indiscriminately firing,” Mohammad Ikram of the Pakistani Air Force told Reuters by telephone from a hospital bed where he was being treated for gunshot wounds.

“They killed and injured most of the worshippers. I fell on the ground. Then the gunmen went to other places in the base. After a long time, we were shifted to the hospital.”

The Taliban claimed responsibility for the attack by releasing a statement and video showing Omar Mansoor, the terrorist commander who planned the massacre at a Peshawar school in December, waving goodbye to the terrorists who carried out the attack.

The base was established in the 1950s by the United States as an outpost to monitor communications by the Soviet Union.