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Print - 2014-08-11
Conflict situation emerging: Khursheed

Conflict situation emerging: Khursheed

Leader of the Opposition in National Assembly Syed Khursheed Shah has said that situation of conflict is emerging in country, a private TV channel reported. Syed Khursheed Shah said that Pakistan Awami Tehreek (PAT) Chairman Dr Tahir-ul-Qadri has made "da
Published 11 Aug, 2014 12:00am
Conflict situation emerging: Khursheed

Conflict situation emerging: Khursheed

Leader of the Opposition in National Assembly Syed Khursheed Shah has said that situation of conflict is emerging in country, a private TV channel reported. Syed Khursheed Shah said that Pakistan Awami Tehreek (PAT) Chairman Dr Tahir-ul-Qadri has made "da
Published 11 Aug, 2014 12:00am
Bilawal reiterates commitment to protect minorities

Bilawal reiterates commitment to protect minorities

Bilawal Bhutto Zardari, Patron-In-Chief, Pakistan Peoples Party has reiterated the commitment of his Party towards complete protection of minorities and equal rights on the eve of National Minority Day being observed in Pakistan on August 11.
Published 11 Aug, 2014 12:00am
Typhoon Halong rips through western Japan

Typhoon Halong rips through western Japan

Typhoon Halong slammed into western Japan on Sunday, leaving dozens of people injured while the coastguard searched for a man who went missing apparently while surfing when the storm hit.
Published 11 Aug, 2014 12:00am
Typhoon Halong rips through western Japan

Typhoon Halong rips through western Japan

Typhoon Halong slammed into western Japan on Sunday, leaving dozens of people injured while the coastguard searched for a man who went missing apparently while surfing when the storm hit.
Published 11 Aug, 2014 12:00am
Four civilians killed in Kabul attack on Nato convoy

Four civilians killed in Kabul attack on Nato convoy

A suicide attacker targeted a Nato convoy in Kabul on Sunday, killing four civilians and wounding at least 35 others, officials said, in the latest violence to hit the capital as politicians wrangle over election results. The Nato force said none of its s
Published 11 Aug, 2014 12:00am
Four civilians killed in Kabul attack on Nato convoy

Four civilians killed in Kabul attack on Nato convoy

A suicide attacker targeted a Nato convoy in Kabul on Sunday, killing four civilians and wounding at least 35 others, officials said, in the latest violence to hit the capital as politicians wrangle over election results. The Nato force said none of its s
Published 11 Aug, 2014 12:00am
Musharraf says not leaving country

Musharraf says not leaving country

Former military ruler Pervez Musharraf said on Sunday that he would not run away from Pakistan as all cases against him were politically-motivated. "I am not running away from Pakistan. Rather, I will defend [myself] in all cases before a court of law," t
Published 11 Aug, 2014 12:00am
Musharraf says not leaving country

Musharraf says not leaving country

Former military ruler Pervez Musharraf said on Sunday that he would not run away from Pakistan as all cases against him were politically-motivated. "I am not running away from Pakistan. Rather, I will defend [myself] in all cases before a court of law," t
Published 11 Aug, 2014 12:00am
US tries to cool sea tensions at Asia security summit

US tries to cool sea tensions at Asia security summit

The United States on Sunday pressed its case for a freeze on hostile acts in waters contested by China and its Southeast Asian neighbours, but said it did not want to "confront" Beijing over its strategy in the region. US Secretary of State John Kerry is
Published 11 Aug, 2014 12:00am
US tries to cool sea tensions at Asia security summit

US tries to cool sea tensions at Asia security summit

The United States on Sunday pressed its case for a freeze on hostile acts in waters contested by China and its Southeast Asian neighbours, but said it did not want to "confront" Beijing over its strategy in the region. US Secretary of State John Kerry is
Published 11 Aug, 2014 12:00am
India probes bank loan to troubled Kingfisher airline

India probes bank loan to troubled Kingfisher airline

India's top crime fighting body is investigating a $155 million loan by a state-run bank to debt-ridden Kingfisher Airlines, a police official said Sunday. The Central Bureau of Investigation (CBI) was conducting an initial probe into why the 9.5 billion
Published 11 Aug, 2014 12:00am
India probes bank loan to troubled Kingfisher airline

India probes bank loan to troubled Kingfisher airline

India's top crime fighting body is investigating a $155 million loan by a state-run bank to debt-ridden Kingfisher Airlines, a police official said Sunday. The Central Bureau of Investigation (CBI) was conducting an initial probe into why the 9.5 billion
Published 11 Aug, 2014 12:00am
Muslim named as prime minister of Central African Republic

Muslim named as prime minister of Central African Republic

The Central African Republic named it first Muslim prime minister on Sunday as part of an effort to create a more inclusive government and end more than a year of sectarian violence. Mahamat Kamoun, formerly a special advisor to interim President Catherin
Published 11 Aug, 2014 12:00am
Muslim named as prime minister of Central African Republic

Muslim named as prime minister of Central African Republic

The Central African Republic named it first Muslim prime minister on Sunday as part of an effort to create a more inclusive government and end more than a year of sectarian violence. Mahamat Kamoun, formerly a special advisor to interim President Catherin
Published 11 Aug, 2014 12:00am
Iran airliner crashes in Tehran street, killing 39

Iran airliner crashes in Tehran street, killing 39

An Iranian passenger plane crashed Sunday moments after takeoff from Tehran, killing 39 people on board and narrowly avoiding many more deaths when it plummeted near a busy market. The plane was headed to the eastern city of Tabas, the IRNA and Fars news
Published 11 Aug, 2014 12:00am
Iran airliner crashes in Tehran street, killing 39

Iran airliner crashes in Tehran street, killing 39

An Iranian passenger plane crashed Sunday moments after takeoff from Tehran, killing 39 people on board and narrowly avoiding many more deaths when it plummeted near a busy market. The plane was headed to the eastern city of Tabas, the IRNA and Fars news
Published 11 Aug, 2014 12:00am
Independence Day: PML-N begins celebrations in Hyderabad

Independence Day: PML-N begins celebrations in Hyderabad

Pakistan Muslim League-Nawaz Hyderabad district President Hanif Siddiqui has hoisted a national flag at his Siddiqui House. On this occasion, sweets were distributed and a rally was also taken out. District Co-ordinator Nadeem Malik and Abdul Waheed Inqil
Published 11 Aug, 2014 12:00am
Three killed, 10 hurt as bus overturns

Three killed, 10 hurt as bus overturns

At least three persons were killed and 10 others injured as a passenger bus over turned here on Sunday. Police said that the accident took place at Dour Road in Nawabshah where an over speeding bus turned turtle. Three persons were killed on the spot whil
Published 11 Aug, 2014 12:00am
Mechanism for drug pricing policy being evolved

Mechanism for drug pricing policy being evolved

The Drug Regulatory Authority (DRA) was considering two different mechanisms for finalising drug pricing policy and the same will be submitted to Federal Cabinet for its approval shortly, sources said. One of the two mechanisms is cost-plus pricing, a for
Published 11 Aug, 2014 12:00am
Eve of Independence Day: IGP Sindh orders strict security

Eve of Independence Day: IGP Sindh orders strict security

Inspector General of Police (IGP) Sindh Ghulam Haider Jamali has directed the officials concerned to take special security measures throughout the province, particularly in the metropolis on the occasion of Independence day. He ordered to take strict secu
Published 11 Aug, 2014 12:00am
Nasir Jamal, Dr Sagheer relieved of CC responsibilities

Nasir Jamal, Dr Sagheer relieved of CC responsibilities

Deputy Convenor of the MQM's Co-ordination Committee (CC) Nasir Jamal has been relieved of his responsibilities in view of his personal engagements. His services have been handed over to the Central Information Committee of the MQM, a statement said here
Published 11 Aug, 2014 12:00am
PAF unmanned plane makes emergency landing

PAF unmanned plane makes emergency landing

A Pakistan Air Force (PAF) Unmanned Aerial Vehicle (UAV) made an emergency landing near Sargodha due to technical fault on Sunday that resulted in minor damage to the plane. While rejecting news reports that an air force plane has crashed near Sargodha, S
Published 11 Aug, 2014 12:00am
Altaf felicitates Hindus on Rakhsha Bandhan

Altaf felicitates Hindus on Rakhsha Bandhan

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has felicitated the Hindu community living in Pakistan and other parts of the world on the festival of Rakhsha Bandhan.
Published 11 Aug, 2014 12:00am
Nation stands with the Pak Army: Abid

Nation stands with the Pak Army: Abid

Chaudhry Abid Sher Ali State Minister for Water and Power said, "We have to fight against terrorists and terrorism to save Pakistan, whole nation is united and stand with the Pak Army". He was addressing after the flag hoisting ceremony at Fesco Headquart
Published 11 Aug, 2014 12:00am
PAL pays tributes to late Farigh Bukhari, Raza Hamdani

PAL pays tributes to late Farigh Bukhari, Raza Hamdani

Pakistan Academy for Letters (PAL) in collaboration with Iranian Cultural Centre a function in memory of prominent poets late Farigh Bukhari and Raza Hamdani to paid tributes to their services in Pashto, Urdu and Hindko literature. The function was presid
Published 11 Aug, 2014 12:00am
KP chief minister warns Nawaz against playing with peoples' patience

KP chief minister warns Nawaz against playing with peoples' patience

KP Chief Minister Pervez Khattak has said that Mian Nawaz Sharif should stop playing with the patience of the people and stop atrocities. He urged the people to fully participate in the Azadi March of PTI and remain ready for ousting of the monarch inflic
Published 11 Aug, 2014 12:00am
PAT worker laid to rest

PAT worker laid to rest

An activist of Pakistan Awami Tehreek (PAT) who had succumbed to his bullet injuries at Nishtar Hospital Multan on Friday night, was laid to rest. Parents of the deceased, Abdul Hameed, 30, claimed that police tried to change the medical report of Abdul H
Published 11 Aug, 2014 12:00am
'Azadi March': Ahsan appeals Imran to revisit his decision

'Azadi March': Ahsan appeals Imran to revisit his decision

Federal Minister for Planning, Development and Reforms, Ahsan Iqbal on Sunday said that Pakistan Tahreek-e-Insaf (PTI) long march would hinder the development of Pakistan and appealed Imran Khan to revisit his decision of marching on Islamabad.
Published 11 Aug, 2014 12:00am
ANP asks PML-N, PTI to concentrate on Waziristan operation

ANP asks PML-N, PTI to concentrate on Waziristan operation

Former Information Minister, Khyber Pakhtunkhwa and provincial general secretary, ANP, Mian Iftikhar Hussain has asked both federal and provincial government for shunning of confrontation to concentrate on action in Waziristan and provision of service to
Published 11 Aug, 2014 12:00am
Shahbaz grieved over martyrdom of cops

Shahbaz grieved over martyrdom of cops

Punjab Chief Minister Shahbaz Sharif has expressed deep sense of sorrow over the martyrdom of police officials due to violence of workers of Idara Minhaj-ul-Quran and said that he fully shares the grief of the bereaved families of the police personnel.
Published 11 Aug, 2014 12:00am
Khanpur's girls deprived of higher education opportunities

Khanpur's girls deprived of higher education opportunities

The Directorate of Higher Education, Government of Khyber Pakhtunkhwa banned girls' education in Khanpur, district Haripur making the excuse that girls could not be given admission in boys' college.
Published 11 Aug, 2014 12:00am
Weekly weather forecast issued

Weekly weather forecast issued

Meteorological Department has issued following weekly weather forecast from Monday to Saturday. Monday: mainly hot and humid weather is expected in most parts of the country; however, rain/thundershower associated with gusty winds is expected at isolated
Published 11 Aug, 2014 12:00am
'Security from Chaudhary Brothers not withdrawn'

'Security from Chaudhary Brothers not withdrawn'

A spokesman of Punjab government has said the impression that security has been withdrawn from Chaudhary Brothers is baseless. He said a contingent of five police officials is deputed each at the residences of Chaudhry Shujaat Hussain and Chaudhry Pervaiz
Published 11 Aug, 2014 12:00am
Rashid urges Qadri, Imran to join hands for ousting Sharifs

Rashid urges Qadri, Imran to join hands for ousting Sharifs

Awami Muslim League (AML) head Sheikh Rashid has urged on PTI Chairman Imran Khan and PAT chief Tahir-ul-Qadri to join hands for ousting Sharif brothers from power. Addressing a gathering on the occasion of 'Days of Martyrs' being observed by PAT, Rashid
Published 11 Aug, 2014 12:00am
Nine criminals held

Nine criminals held

Police claimed on Sunday to have arrested nine criminals of two gangs of motorcycles lifting and three other criminals of A-category and recovered looted property from their possession.
Published 11 Aug, 2014 12:00am
MCCI endorses APTMA's demands

MCCI endorses APTMA's demands

President of Multan Chamber of Commerce and Industry (MCCI) Khawaja Muhammad Usman has endorsed the APTMA's demands to yank this industry out of crisis. He said that textile industry was a backbone of the country if government does not give any incentive
Published 11 Aug, 2014 12:00am
South Punjab: crackdown against PAT, PTI workers intensified

South Punjab: crackdown against PAT, PTI workers intensified

The law enforcement agencies (LEAs) have intensified crackdowns against Pakistan Awami Tehreek (PAT) and Tehrik-i-Insaf workers detaining more than 36 activists in Muzaffargarh,60 in Vehari, 22 in Khanewal, Rajanpur 18, Layyah 16, 20 Rahimyarkhan, Bahawal
Published 11 Aug, 2014 12:00am
Healthcare facilities: Punjab government spending Rs 121.8 billion

Healthcare facilities: Punjab government spending Rs 121.8 billion

The Punjab government is spending Rs 121.8 billion to provide state of the art healthcare facilities to the masses in the province during FY 2014-15. Minister for Excise & Taxation, Finance Mujtaba Shuja-ur-Rehman said here on Sunday. He said that immunis
Published 11 Aug, 2014 12:00am
14,782 candidates appear for admission in UET

14,782 candidates appear for admission in UET

A total of 14782 candidates were appeared hailing from KP and FATA, and Azad Jammu & Kashmir for taking admission in University of Engineering and Technology, as Education Testing and Evaluation Agency (ETEA) conducted entry test at designed centres here
Published 11 Aug, 2014 12:00am
Russia urges 'humanitarian' mission as Ukraine rebel bastion pounded

Russia urges 'humanitarian' mission as Ukraine rebel bastion pounded

Ukraine's army shelled the main rebel bastion of Donetsk Sunday as Russia called for a humanitarian ceasefire, which the West warned could be a pretext by Moscow to send in troops. Shelling started early in the morning and continued throughout the day in
Published 11 Aug, 2014 12:00am
Iran says won't accept 'toy' enrichment programme

Iran says won't accept 'toy' enrichment programme

Iran will not accept a weak uranium enrichment programme which world powers might be willing to grant the Islamic republic like a "toy" in nuclear negotiations, a top official said Sunday. The size and scale of the Islamic republic's enrichment activities
Published 11 Aug, 2014 12:00am
Britons trust Wikipedia 'more than the news'

Britons trust Wikipedia 'more than the news'

British people trust Wikipedia more than the mainstream media, the information site's founder Jimmy Wales said Sunday, at the close of a three-day conference of the Wikimedia movement in London. A YouGov poll of almost 2,000 British adults found 64 percen
Published 11 Aug, 2014 12:00am
New Spanish leftist party is third most popular: poll

New Spanish leftist party is third most popular: poll

A new Spanish leftist party which grew out of grass-roots protests against economic inequality and austerity is the third most popular choice among voters, a poll published Sunday showed. Podemos, which means "We Can" in Spanish, would garner 10.7 percent
Published 11 Aug, 2014 12:00am
Putin says 'good will' exists to resolve Armenia-Azerbaijan crisis

Putin says 'good will' exists to resolve Armenia-Azerbaijan crisis

Russian President Vladimir Putin said he believed there is sufficient good will to resolve the Karabakh conflict as he hosted Sunday the leaders of arch-foes Armenia and Azerbaijan. At the meeting with Azerbaijan's President Ilham Aliyev and Serzh Sarkisi
Published 11 Aug, 2014 12:00am
Typhoon Halong rips through western Japan

Typhoon Halong rips through western Japan

Typhoon Halong slammed into western Japan on Sunday, leaving dozens of people injured while the coastguard searched for a man who went missing apparently while surfing when the storm hit. Halong was over the Sea of Japan (East Sea) as of 5:00 pm (0800 GMT
Published 11 Aug, 2014 12:00am
Chile's mega-quake triggered 'icequakes' in Antarctica

Chile's mega-quake triggered 'icequakes' in Antarctica

A monster earthquake that struck Chile in 2010 also unleashed minor "icequakes" in Antarctica nearly 4,700 kilometres (2,900 miles) to the south, scientists said on Sunday. Sensors recorded small tremors in West Antarctica within six hours of the Chilean
Published 11 Aug, 2014 12:00am
Iraq parliament adjourns for nine days amid deadlock

Iraq parliament adjourns for nine days amid deadlock

Iraq's parliament on Sunday adjourned until August 19 with lawmakers unable to agree on a nominee for the post of prime minister despite ever-growing international pressure, several MPs said.
Published 11 Aug, 2014 12:00am
Saudi Arabia's index rises for 10th day, other markets mixed

Saudi Arabia's index rises for 10th day, other markets mixed

Middle East stock markets were mixed on Sunday as turnover in most places shrank to low levels, although Saudi Arabia rose for a tenth straight day as it continued a rally triggered by its plan to allow direct foreign investment in equities.
Published 11 Aug, 2014 12:00am
Tokyo investors eye geopolitical developments

Tokyo investors eye geopolitical developments

Tokyo investors will keep a close eye on geopolitical developments next week after the Japanese market tumbled Friday following US President Barack Obama's announcement that he had authorised air strikes on Iraq. "It was panic selling," said Toshikazu Hor
Published 11 Aug, 2014 12:00am
China funds raise suggested equity allocations

China funds raise suggested equity allocations

Chinese fund managers said they would raise the proportion of their portfolios invested in stocks over the next three months, following June's upward trend, amid hopes that China's economy is stabilising, according to a Reuters poll.
Published 11 Aug, 2014 12:00am
China funds raise suggested equity allocations

China funds raise suggested equity allocations

Chinese fund managers said they would raise the proportion of their portfolios invested in stocks over the next three months, following June's upward trend, amid hopes that China's economy is stabilising, according to a Reuters poll.
Published 11 Aug, 2014 12:00am
Currency trading drops in July

Currency trading drops in July

Average daily volumes in the global foreign exchange market dropped by almost 14 percent in July, data from FX settlement system CLS showed, as traders took their summer breaks and as volatility approached historic lows. Volumes were the same as last July
Published 11 Aug, 2014 12:00am
Australian, New Zealand dollars seen only modestly lower

Australian, New Zealand dollars seen only modestly lower

Analysts expect the high-flying Australian and New Zealand dollars to slowly dip over coming months, but at a pace far more leisurely slower than desired by the countries' central banks. A poll of 50 analysts put the Aussie at $0.9300 on a one-month horiz
Published 11 Aug, 2014 12:00am
A mixed quarter for bets on US stock volatility

A mixed quarter for bets on US stock volatility

With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix. Netflix, along with Gilead Sciences and several other stocks famous f
Published 11 Aug, 2014 12:00am
No respite in store for weakening Canadian dollar

No respite in store for weakening Canadian dollar

There is no relief in sight for the battered Canadian dollar, with a lackluster domestic economy, a sidelined central bank and general strength in the US dollar expected to drag the currency lower over the next year, a Reuters poll released on Wednesday f
Published 11 Aug, 2014 12:00am
Dollar rally here to stay as improving US economy stirs rate hike debate

Dollar rally here to stay as improving US economy stirs rate hike debate

The dollar's rally looks set to continue, according to a Reuters poll, as the US economy is picking up smartly and raising market speculation about how soon the Fed will have to lift interest rates. Analysts in Reuters polls have long been flagging an imm
Published 11 Aug, 2014 12:00am
US funds recommend highest cash holdings in six years in July

US funds recommend highest cash holdings in six years in July

US fund managers recommended the highest cash holdings since the start of the financial crisis in July, becoming more defensive over the stand-off between Russia and the West on Ukraine, a Reuters poll showed. Recommended cash allocations in a model globa
Published 11 Aug, 2014 12:00am
US funds recommend highest cash holdings in six years in July

US funds recommend highest cash holdings in six years in July

US fund managers recommended the highest cash holdings since the start of the financial crisis in July, becoming more defensive over the stand-off between Russia and the West on Ukraine, a Reuters poll showed. Recommended cash allocations in a model globa
Published 11 Aug, 2014 12:00am
Traders brace for research crackdown as easy money dries up

Traders brace for research crackdown as easy money dries up

Regulatory pressure to undo the traditional way brokers sell research alongside share dealing is alarming traders in Europe, who fear a further drop in business and more cost-cutting in an already tough environment. At stake is the lucrative but opaque sy
Published 11 Aug, 2014 12:00am
India's Jindal family close to buying Italy's Lucchini

India's Jindal family close to buying Italy's Lucchini

A company run by India's billionaire Jindal family is close to finalising a deal to buy insolvent Italian steelmaker Lucchini, Italy's prime minister Matteo Renzi said on Sunday. Lucchini, formerly owned by Russia's Severstal, was declared insolvent in 20
Published 11 Aug, 2014 12:00am
Amazon stops some Disney movie preorders

Amazon stops some Disney movie preorders

Amazon.com has halted pre-orders of some Disney movies, the Wall Street Journal reported on Sunday, in what appears to be another contract dispute after the online giant began a protracted spat with publisher Hachette Book Group this year. Physical copies
Published 11 Aug, 2014 12:00am
ExxonMobil starts drilling for oil in Russia's Arctic

ExxonMobil starts drilling for oil in Russia's Arctic

US oil giant ExxonMobil began drilling in Russia's Arctic on Saturday, despite Western sanctions imposed on its Russian partner Rosneft, and was hailed by Russia's president as an model of "co-operation". Although US sanctions over the crisis in Ukraine a
Published 11 Aug, 2014 12:00am
India central bank says on course for inflation targets

India central bank says on course for inflation targets

India's central bank governor said Sunday the country was on course to meet the bank's targets on reduced inflation, adding that it was working with the new government on monetary policy. Reserve Bank of India (RBI) governor Raghuram Rajan said the bank h
Published 11 Aug, 2014 12:00am
Market regulator approves establishing REITs

Market regulator approves establishing REITs

India's market regulator on Sunday approved the setting up of real estate investment trusts (REITs), a move that may offer a new source of financing to India's cash-strapped property developers. REITs are listed entities that mainly invest in income-produ
Published 11 Aug, 2014 12:00am
Market regulator approves establishing REITs

Market regulator approves establishing REITs

India's market regulator on Sunday approved the setting up of real estate investment trusts (REITs), a move that may offer a new source of financing to India's cash-strapped property developers. REITs are listed entities that mainly invest in income-produ
Published 11 Aug, 2014 12:00am
Egypt's consumer inflation jumps

Egypt's consumer inflation jumps

Egypt's annual urban consumer inflation jumped to 10.6 percent in July from 8.2 percent in June, the official statistics agency CAPMAS said on Sunday, after the government introduced a fuel price increase last month. Egypt's economy has been in turmoil si
Published 11 Aug, 2014 12:00am
China State Grid quietly builds Mediterranean power network

China State Grid quietly builds Mediterranean power network

The European Commission has long wanted the continent's power grids to work in unison for reasons of efficiency and supply security, so far to little avail, but a regional power network could soon be a reality, courtesy of State Grid Corporation of China.
Published 11 Aug, 2014 12:00am
UK truckers busy as recovery builds, but pay still in the slow lane

UK truckers busy as recovery builds, but pay still in the slow lane

Truck drivers in the Midlands region of England have not been this busy for six years, but there's little sign of it in their pockets. It's a theme repeated across the country, as workers' pay has failed to reflect Britain's surprisingly strong economic r
Published 11 Aug, 2014 12:00am
South African bank put under curatorship

South African bank put under curatorship

South Africa's central bank placed embattled lender African Bank Investments Limited under administration on Sunday after it admitted being hundreds of millions of dollars in the red and saw its share price almost entirely wiped out. Reserve Bank Governor
Published 11 Aug, 2014 12:00am
Dana Gas says tribunal gives favourable ruling on Iran deal

Dana Gas says tribunal gives favourable ruling on Iran deal

United Arab Emirates-based energy firm Dana Gas said an international tribunal had issued a favourable ruling in the dispute over a natural gas supply contract between its affiliate Crescent Petroleum and Iran. The tribunal ruled a 25-year contract for Na
Published 11 Aug, 2014 12:00am
Sri Lanka beat the rain to down Pakistan in first Test

Sri Lanka beat the rain to down Pakistan in first Test

Retiring Mahela Jayawardene took on the unusual role of opening batsman to hand Sri Lanka a thrilling seven-wicket victory on the final day of the first Test against Pakistan in Galle on Sunday. The hosts, needing 99 to win in a minimum of 21 overs, beat
Published 11 Aug, 2014 12:00am
Venus rallies to beat Serena

Venus rallies to beat Serena

Venus Williams booked her spot in the Montreal WTA final by rallying to take a three-set win over sister Serena on Saturday in their 25th career meeting. Seven-time Grand Slam winner Venus benefited from nine Serena double faults en route to a 6-7 (2/7),
Published 11 Aug, 2014 12:00am
Runner dies after Sydney's City2Surf fun run

Runner dies after Sydney's City2Surf fun run

A young man died Sunday after collapsing near the finish line of Sydney's biggest road race, which saw 80,000 participants run from the city to Bondi Beach, Australian authorities said. The 27-year-old was taking part in the 14-kilometre (8.7-mile) City2S
Published 11 Aug, 2014 12:00am
South Africa battle defensive Zimbabwe on slow-go day

South Africa battle defensive Zimbabwe on slow-go day

South Africa overcame a sluggish spell to attain a position of strength on day two of their one-off Test against Zimbabwe on Sunday as they reached stumps on 201 for four. Faf du Plessis' unbeaten 69 left the Proteas just 55 runs behind Zimbabwe's first i
Published 11 Aug, 2014 12:00am
Federer cruises past Lopez to book spot in final

Federer cruises past Lopez to book spot in final

Roger Federer put on a command performance on Saturday to reach his fifth career Canadian final as he defeated Feliciano Lopez 6-3, 6-4 at the Toronto Masters. The Swiss second seed and two-time champion in Canada will take on Jo-Wilfried Tsonga after the
Published 11 Aug, 2014 12:00am
India press slam team's 'spineless surrender'

India press slam team's 'spineless surrender'

India captain Mahendra Singh Dhoni faced criticism from the nation's press Sunday for his "bizarre" tactics during the side's humiliating loss to England, while his batsmen were slammed for their "spineless surrender". Lacklustre India lost the fourth Tes
Published 11 Aug, 2014 12:00am
44 police injured in French football clashes

44 police injured in French football clashes

Forty-four French riot and para-military police officers were injured when clashes broke out after a football match between Marseille and Bastia, the interior ministry said Sunday. In a statement the ministry said 10 members of the CRS riot police and 34
Published 11 Aug, 2014 12:00am
Nasri confirms France retirement

Nasri confirms France retirement

Manchester City midfielder Samir Nasri has confirmed his retirement from international football with France. The 27-year-old dropped a strong hint last week that he had decided to cut short his chequered international career, having been omitted from the
Published 11 Aug, 2014 12:00am
Arsenal thrash City in curtain-raiser

Arsenal thrash City in curtain-raiser

Arsenal, who went nine years without a trophy before winning the FA Cup in May, collected their second piece of silverware in three months when they crushed champions Manchester City 3-0 in the Community Shield at Wembley on Sunday. Arsenal thoroughly des
Published 11 Aug, 2014 12:00am
HU, JCSACH sign MoU to set up academic, research linkages

HU, JCSACH sign MoU to set up academic, research linkages

Hazara University Mansehra and Japanese Centre for South Asian Cultural Heritage(JCSACH), Tokyo signed a Memorandum of Understanding to establish links and foster research collaboration in the fields of archaeology, culture, history and heritage managemen
Published 11 Aug, 2014 12:00am
Microfinance: towards an inclusive financial sector

Microfinance: towards an inclusive financial sector

Today, one of the key challenges emerging nations face while pursuing economic growth and development is how to counter poverty. Poverty is a multifaceted phenomenon that includes, but goes beyond lack of adequate income. The overarching objective of deve
Published 11 Aug, 2014 12:00am
15 suspects held, arms, explosives seized

15 suspects held, arms, explosives seized

The police arrested 15 suspects during a raid at a private oil company here on Sunday and recovered arms and explosives from their possession. Sabzi Mandi police on a tip-off, under the supervision of district magistrate Abdul Hadi launched crackdown on E
Published 11 Aug, 2014 12:00am
T-Mobile deal collapse could spark telecom price war

T-Mobile deal collapse could spark telecom price war

Sprint Corp's newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of US handsets to Latin America, into a distributor valued at $2.2 billion when it was sold to Japan's SoftB
Published 11 Aug, 2014 12:00am
Zurich Insurance posts 14 percent profit rise on restructuring

Zurich Insurance posts 14 percent profit rise on restructuring

Swiss group Zurich Insurance said on August 07 its net profit had jumped 14 percent during the first half of the year and boasted by restructuring. The group, which in March announced a restructuring programme, posted a net profit of $2.1 billion (1.6 bil
Published 11 Aug, 2014 12:00am
Sharp in the red, but says on profit track

Sharp in the red, but says on profit track

Sharp said on August 08 it lost $17.4 million in the three months to June, but was still on track to book a full-year profit as it tries to move past years of record losses. The Osaka-based company's results came a day after rivals Sony and Panasonic repo
Published 11 Aug, 2014 12:00am
Sharp in the red, but says on profit track

Sharp in the red, but says on profit track

Sharp said on August 08 it lost $17.4 million in the three months to June, but was still on track to book a full-year profit as it tries to move past years of record losses. The Osaka-based company's results came a day after rivals Sony and Panasonic repo
Published 11 Aug, 2014 12:00am
Unicredit beats expectations with first half profits

Unicredit beats expectations with first half profits

Italy's largest bank Unicredit defied expectations on August 05 to post a 37.8 percent surge in first-half profit helped by increased demand for loans, in a positive sign for Italy's struggling economy. Net profit in the first six months of the year was 1
Published 11 Aug, 2014 12:00am
Swiss Re sees further price falls in insurance industry

Swiss Re sees further price falls in insurance industry

Swiss Re, the world's second-largest reinsurer, said on August 06 its net profit rose less than expected in the second quarter, as the firm's chief executive warned he saw prices weakening further in the insurance industry. "We see the insurance market ge
Published 11 Aug, 2014 12:00am
ING eyes higher shareholder payout as loan growth surges

ING eyes higher shareholder payout as loan growth surges

ING shareholders will get double the dividend expected in 2015 if the European Central Bank's landmark bank tests do not produce upsets for the Dutch banking giant, its chief financial officer said on August 06. ING abandoned dividends after its 10 billio
Published 11 Aug, 2014 12:00am
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