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Print - 2014-09-07
India's August soyameal exports down

India's August soyameal exports down

Indian soyameal exports plummeted in August and are expected to remain weak until the year end, when new crop arrives, as poor supplies and high prices of the animal feed drive traditional buyers away from the leading Asian supplier. Soyameal exports, whi
Published 07 Sep, 2014 12:00am
CBOT wheat futures up on bargain buying

CBOT wheat futures up on bargain buying

Wheat futures on the Chicago Board of Trade closed higher Friday on bargain buying after this week's contract lows, coupled with talk that Russia has considered limiting grain exports, traders said. Russian officials denied export curbs were being conside
Published 07 Sep, 2014 12:00am
US natural gas futures fall seven percent

US natural gas futures fall seven percent

US natural gas futures fell for a fourth day in a row on Friday, losing about 7 percent for the week, on forecasts for moderating weather and expectations for continued bigger-than-normal storage builds. The weekly loss was the biggest since February. Fro
Published 07 Sep, 2014 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was lower on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The December contract closed at Rs 1495.50 but it opened with 30 paisa fall at Rs 1495.20, they said. The January vaida ended at Rs
Published 07 Sep, 2014 12:00am
Cotton market: Strong demand pushes up prices amid tight supplies

Cotton market: Strong demand pushes up prices amid tight supplies

Seed cotton arrivals curtained by fresh rains in the country, pushed prices modestly up on the cotton market on Saturday, dealers said. The official spot rate managed to hold overnight level at Rs 5,600, they added. In the session, some 10,000 bales of co
Published 07 Sep, 2014 12:00am
Indian tea prices drop on sluggish demand

Indian tea prices drop on sluggish demand

Average tea prices in India, the world's second-biggest producer, fell at this week's auction on a slight drop in demand amid a rise in the supply of poor grade leaf. The CTC (crush-tear-curl) grade leaf was sold at 149.26 rupees per kg this week, down 2.
Published 07 Sep, 2014 12:00am
Palm oil rises on European vegoils market

Palm oil rises on European vegoils market

Palm oil on the European vegetable oils market rose sharply on Thursday after Malaysia said it will exempt crude palm oil from export taxes in September and October to reduce stockpiles of the tropical oil after a price fall to five-year lows. "Prices for
Published 07 Sep, 2014 12:00am
Lean business on grain market

Lean business on grain market

Modest activity was witnessed on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, wheat new Bardan shed Rs 5 to Rs 3370, other items showed no change due to balanced demand and supply, they said.
Published 07 Sep, 2014 12:00am
Indian soyabeans hit over one-year low

Indian soyabeans hit over one-year low

Indian soyabean futures fell on Friday to their lowest level in more than a year due to a drop in soyameal exports, while soyaoil eased following losses in rival Malaysian palm oil. Indian soyameal exports plummeted in August and are expected to remain we
Published 07 Sep, 2014 12:00am
Rain ends drought in China's corn belt

Rain ends drought in China's corn belt

Several rounds of rainfall over the past two weeks have eased the drought in China's corn belt in the north-east, though parts of Liaoning are still dry, said the China Meteorological Administration. The overall damage to crops, mainly corn, was minor, sa
Published 07 Sep, 2014 12:00am
European coal prices rise on Ukraine's demand

European coal prices rise on Ukraine's demand

European coal prices for delivery this November rose on Thursday on expectations of increased demand from Ukraine after fighting in the east of the country damaged several mines. Cargoes for delivery in November to Amsterdam, Rotterdam and Antwerp (ARA) t
Published 07 Sep, 2014 12:00am
Port Qasim's activities

Port Qasim's activities

A cargo volume of 110,850 tonnes comprising 37,809 tonnes of import cargo and 73,041 tonnes of export cargo inclusive 3,983 loaded and empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Saturday. The total import cargo of 37,809
Published 07 Sep, 2014 12:00am
EU wheat futures higher on US bounce

EU wheat futures higher on US bounce

European wheat futures ended higher on Friday as a rebound on the US market and news that Russia has evoked export limits as an option for this season helped Paris prices recover from a one-month low a day earlier. November milling wheat on the Paris-base
Published 07 Sep, 2014 12:00am
US FOB Gulf grain basis offers steady

US FOB Gulf grain basis offers steady

US FOB Gulf soyabean, corn, and wheat basis offers were quietly steady after the futures bounced higher Friday on profit taking with export business slow, traders said. USDA weekly exports sales issued Friday - due to the Monday holiday - reflected the do
Published 07 Sep, 2014 12:00am
Colombia's 2014 coffee output between 11.5 million-12 million bags

Colombia's 2014 coffee output between 11.5 million-12 million bags

Colombia's coffee production will be between 11.5 million and 12 million 60-kg bags in 2014, up from a previous estimate of 11.4 million bags, the head of the farmer-funded growers' federation said on Friday, thanks to good weather and tree renovation. "W
Published 07 Sep, 2014 12:00am
Indonesia likely to remove crude palm oil export tax for October

Indonesia likely to remove crude palm oil export tax for October

Indonesia is expected to cut its crude palm oil export tax to zero for October, industry sources in the world's top producer of the tropical oil said, after a similar move by Malaysia aimed at boosting overseas sales of the commodity amid weak demand.
Published 07 Sep, 2014 12:00am
Hungary central bank to help forex loan conversion from its reserves

Hungary central bank to help forex loan conversion from its reserves

Hungary's central bank is prepared to provide foreign currency for the country's banks from its reserves to ensure a smooth conversion of households' foreign currency loans into forints, the central bank's vice governor said on Saturday. The Swiss franc a
Published 07 Sep, 2014 12:00am
Alibaba seeks to raise more than $21 billion in record US tech IPO

Alibaba seeks to raise more than $21 billion in record US tech IPO

Alibaba Group Holding Ltd seeks to raise more than $21 billion in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology debut in the United States. Alibaba expects to price its initial public off
Published 07 Sep, 2014 12:00am
Alibaba seeks to raise more than $21 billion in record US tech IPO

Alibaba seeks to raise more than $21 billion in record US tech IPO

Alibaba Group Holding Ltd seeks to raise more than $21 billion in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology debut in the United States. Alibaba expects to price its initial public off
Published 07 Sep, 2014 12:00am
Mexico budget sees growth rising to 3.7 percent in 2015

Mexico budget sees growth rising to 3.7 percent in 2015

Mexican economic growth will accelerate to 3.7 percent next year before averaging around 5 percent through 2020, lifted by reforms, the government's latest budget plan forecast on Friday. The 4.676 trillion peso ($359 billion) budget for 2015, which must
Published 07 Sep, 2014 12:00am
Panama Canal expansion dredges up historical treasures

Panama Canal expansion dredges up historical treasures

Panama Canal expansion work has uncovered an unexpected trove of archaeological and paleontological treasures, scientists said, as the massive construction project winds down. Workers who have blasted through mountains and dug up thick vegetation, have al
Published 07 Sep, 2014 12:00am
Cyprus parliament adopts crucial foreclosure bill

Cyprus parliament adopts crucial foreclosure bill

The Cypriot parliament adopted Saturday a controversial bill to streamline bank foreclosures of bad debts, as well as a second bill to protect first residences and small businesses. The emergency vote came a day after a deadline set by international lende
Published 07 Sep, 2014 12:00am
Brazil central bank slows pace of currency swap rollover

Brazil central bank slows pace of currency swap rollover

Brazil's central bank will kick off the rollover of currency swaps that expire early in October on Monday by offering fewer daily contracts than it did last month, a sign it wants to slow a recent strengthening of the real, the bank said in a statement la
Published 07 Sep, 2014 12:00am
Japan's Rakuten seeking to buy US Ebates

Japan's Rakuten seeking to buy US Ebates

Japanese e-commerce giant Rakuten is in the final stage of talks to buy Ebates, a US cash-back shopping service provider, and boost its business abroad, a report said Saturday. Rakuten is expected to acquire a majority stake in the San Francisco-based com
Published 07 Sep, 2014 12:00am
Emirates airline says Ex-Im Bank not critical for its plane financing

Emirates airline says Ex-Im Bank not critical for its plane financing

Emirates, Dubai's flagship airline, would not have trouble buying planes from Boeing Co even if the US Congress fails to renew the US Export-Import Bank's charter later this month, a senior company executive said on Friday. The Ex-Im Bank, which provides
Published 07 Sep, 2014 12:00am
Greek Prime Minister announces cuts to crisis-era taxes

Greek Prime Minister announces cuts to crisis-era taxes

Greek Prime Minister Antonis Samaras on Saturday announced cuts to unpopular taxes introduced at the height of the country's debt crisis, in a bid to show the nation that over four years of austerity are finally nearing an end. The Greek premier, whose co
Published 07 Sep, 2014 12:00am
Ford recalls 191,770 Focus sedans in China

Ford recalls 191,770 Focus sedans in China

Ford Motor Co will recall 191,770 cars in China from Friday to replace some parts after a quality watchdog found a fuel leak risk in the Ford Focus, the country's best-selling compact sedan. Ford's Chinese venture Changan Ford Automobile Co Ltd will recal
Published 07 Sep, 2014 12:00am
US Securities will not appeal ruling against Stanford's Ponzi victims

US Securities will not appeal ruling against Stanford's Ponzi victims

The US Securities and Exchange Commission will not appeal a recent court decision that thousands of victims of financier Allen Stanford's Ponzi scheme were ineligible under federal law to file claims to recoup their losses, a SEC spokesman said on Friday.
Published 07 Sep, 2014 12:00am
Plosser warns again on risks of waiting to hike US rates

Plosser warns again on risks of waiting to hike US rates

Philadelphia Federal Reserve Bank President Charles Plosser, the loan dissenter at the Fed's July policy meeting, on Saturday continued his push for the US central bank to change its language on monetary policy to reflect an improving economy and pave the
Published 07 Sep, 2014 12:00am
With free visas, Thailand tells Chinese tourists 'please come back soon'

With free visas, Thailand tells Chinese tourists 'please come back soon'

To make vacationing in a country still under martial law a little more attractive, Thailand's military junta is offering tourists from China free visas. Chinese are the biggest visitors to Thailand, accounting for 18 percent of total arrivals in July, but
Published 07 Sep, 2014 12:00am
Volkswagen to invest one billion euros in Thai plant

Volkswagen to invest one billion euros in Thai plant

Volkswagen plans to invest 1 billion euros ($1.30 billion) to build a new manufacturing plant to produce fuel efficient cars in Thailand, a German magazine said on Saturday. The Thai government is expected to grant Volkswagen approval for the plant on Tue
Published 07 Sep, 2014 12:00am
Peru's gold output will likely fall 20 percent this year

Peru's gold output will likely fall 20 percent this year

Peru's gold output will likely drop by 20 percent this year and keep falling through 2016 as ageing mines churn out less of the precious metal and a government crackdown curbs informal production, a ministry official said on Friday. Peru's Deputy Mines Mi
Published 07 Sep, 2014 12:00am
Most Wall Street firms see US rate hike

Most Wall Street firms see US rate hike

A majority of Wall Street's top bond firms see the Federal Reserve starting to raise interest rates by the second quarter of next year, showing slightly more aggressive expectations compared with a month ago, a Reuters survey showed on Friday. Nine of 17
Published 07 Sep, 2014 12:00am
UniCredit sticks to 2014 forecast despite economic slowdown

UniCredit sticks to 2014 forecast despite economic slowdown

UniCredit, Italy's biggest bank by assets, is sticking to its full-year net profit target of 2 billion euros ($2.6 billion) despite a worsening economic outlook for its Italian home base, its chief executive said on Saturday. Italian gross domestic produc
Published 07 Sep, 2014 12:00am
UK rate risk puts consumer stocks in firing line

UK rate risk puts consumer stocks in firing line

With the Bank of England preparing the ground for an increase in interest rates, investors are questioning the durability of a long boom in cheap credit which has driven consumer-focused British stocks to record highs. Although the timing and scale of any
Published 07 Sep, 2014 12:00am
Bombardier says CSeries to resume test flights this month

Bombardier says CSeries to resume test flights this month

Bombardier Inc's grounded CSeries jet will resume flying this month, the Canadian train and plane maker said on Friday, adding that it was still confident the new plane would enter commercial service in the second half of 2015. Flight tests for the much-d
Published 07 Sep, 2014 12:00am
Time Warner Cable employees to share $416 million under retention plan

Time Warner Cable employees to share $416 million under retention plan

Employees of Time Warner Cable will be $416 million richer even if the cable operator's merger with Comcast does not close, a move designed to keep staff from bolting while federal regulators contemplate the deal. A proxy statement, prepared for the share
Published 07 Sep, 2014 12:00am
Time Warner Cable employees to share $416 million under retention plan

Time Warner Cable employees to share $416 million under retention plan

Employees of Time Warner Cable will be $416 million richer even if the cable operator's merger with Comcast does not close, a move designed to keep staff from bolting while federal regulators contemplate the deal. A proxy statement, prepared for the share
Published 07 Sep, 2014 12:00am
Borse Dubai launches sale of 8.5 million LSE shares

Borse Dubai launches sale of 8.5 million LSE shares

Borse Dubai has launched an accelerated sale of 8.5 million shares in the London Stock Exchange, representing around 3.1 percent of the company's issued capital, two sources familiar with the matter said on Thursday. The latest price guidance on the share
Published 07 Sep, 2014 12:00am
South Korea's foreign bond investments down for first time in 6 months

South Korea's foreign bond investments down for first time in 6 months

Foreign investment in South Korea's bond market edged down in August, falling for the first time in six months as some bonds matured, data from the country's financial regulator showed on Friday. Offshore investors reduced their holdings of won-denominate
Published 07 Sep, 2014 12:00am
South Korea's foreign bond investments down for first time in 6 months

South Korea's foreign bond investments down for first time in 6 months

Foreign investment in South Korea's bond market edged down in August, falling for the first time in six months as some bonds matured, data from the country's financial regulator showed on Friday. Offshore investors reduced their holdings of won-denominate
Published 07 Sep, 2014 12:00am
Zalando gets makeover as eyes listing

Zalando gets makeover as eyes listing

Zalando unveiled a new advertising campaign, website, packaging and apps on Thursday - and gave a deeper insight than ever before into the inner workings of Europe's biggest online fashion player as it prepares for a likely listing. At the German retailer
Published 07 Sep, 2014 12:00am
Zalando gets makeover as eyes listing

Zalando gets makeover as eyes listing

Zalando unveiled a new advertising campaign, website, packaging and apps on Thursday - and gave a deeper insight than ever before into the inner workings of Europe's biggest online fashion player as it prepares for a likely listing. At the German retailer
Published 07 Sep, 2014 12:00am
China General Nuclear plans $2 billion Hong Kong IPO

China General Nuclear plans $2 billion Hong Kong IPO

China General Nuclear Power, the country's largest nuclear power producer, has filed for an initial public offering in Hong Kong reportedly worth $2 billion. Bank of America Merrill Lynch, China International Capital Corp and ABC International - the inves
Published 07 Sep, 2014 12:00am
China General Nuclear plans $2 billion Hong Kong IPO

China General Nuclear plans $2 billion Hong Kong IPO

China General Nuclear Power, the country's largest nuclear power producer, has filed for an initial public offering in Hong Kong reportedly worth $2 billion. Bank of America Merrill Lynch, China International Capital Corp and ABC International - the inves
Published 07 Sep, 2014 12:00am
Canada's main stocks index little changed

Canada's main stocks index little changed

Canada's main stock index finished Friday's session little changed, as modest, but broad, declines led by financial stocks, offset resource gains and investors kept to the sidelines. Financial stocks, the most influential group on the index, were down 0.4
Published 07 Sep, 2014 12:00am
Shenzhen Stock Exchange gets new chairman

Shenzhen Stock Exchange gets new chairman

The State Council, China's cabinet, appointed Wu Lijun to head the Shenzhen Stock Exchange on Monday, according to a statement by Xiao Gang, president of the China Securities Regulatory Commission (CSRC), during a conference in Shenzhen. The statement did
Published 07 Sep, 2014 12:00am
Treasuries outlook: yields slide after US jobs report disappoints

Treasuries outlook: yields slide after US jobs report disappoints

Benchmark US Treasury debt yields fell from one-month highs on Friday after data showed the world's largest economy created fewer jobs than expected last month, reinforcing the view that the Federal Reserve would wait until the second half of next year to
Published 07 Sep, 2014 12:00am
Treasuries outlook: yields slide after US jobs report disappoints

Treasuries outlook: yields slide after US jobs report disappoints

Benchmark US Treasury debt yields fell from one-month highs on Friday after data showed the world's largest economy created fewer jobs than expected last month, reinforcing the view that the Federal Reserve would wait until the second half of next year to
Published 07 Sep, 2014 12:00am
European equity 'call' options in vogue on prospect of ECB action

European equity 'call' options in vogue on prospect of ECB action

Traders are buying up 'call' options betting on a gradual move higher in European stock markets, as expectations grow of new stimulus measures from the European Central Bank. The ratio measuring the number of negative 'put' options versus bullish 'call' o
Published 07 Sep, 2014 12:00am
Poland proposes 700 billion euro EU investment plan

Poland proposes 700 billion euro EU investment plan

Poland's finance minister called on Thursday for the creation of a European Fund for Investments that would be able to finance, through leveraging its own capital, 700 billion euros (us$906.4 billion) worth of investment, to revive the stagnant European e
Published 07 Sep, 2014 12:00am
General Motors wins dismissal of lawsuit over its IPO

General Motors wins dismissal of lawsuit over its IPO

General Motors Co has won dismissal of a shareholder lawsuit accusing it of padding sales around the time of its November 2010 initial public offering by quietly unloading vehicle inventory on its dealers. In a decision late Thursday, US District Judge La
Published 07 Sep, 2014 12:00am
General Motors wins dismissal of lawsuit over its IPO

General Motors wins dismissal of lawsuit over its IPO

General Motors Co has won dismissal of a shareholder lawsuit accusing it of padding sales around the time of its November 2010 initial public offering by quietly unloading vehicle inventory on its dealers. In a decision late Thursday, US District Judge La
Published 07 Sep, 2014 12:00am
Italy, Spain, Irish yields at record lows on fresh ECB largesse

Italy, Spain, Irish yields at record lows on fresh ECB largesse

Yields on Italian, Irish and Spanish bonds hit all-time lows on Friday in a broad-based rally in euro zone debt spurred by the European Central Bank's rate cuts and openness to a large-scale bond-buying programme. Data showing the US economy created fewer
Published 07 Sep, 2014 12:00am
Italy, Spain, Irish yields at record lows on fresh ECB largesse

Italy, Spain, Irish yields at record lows on fresh ECB largesse

Yields on Italian, Irish and Spanish bonds hit all-time lows on Friday in a broad-based rally in euro zone debt spurred by the European Central Bank's rate cuts and openness to a large-scale bond-buying programme. Data showing the US economy created fewer
Published 07 Sep, 2014 12:00am
S&P 500 ends at record as jobs report eases Fed worries

S&P 500 ends at record as jobs report eases Fed worries

US stocks ended higher on Friday, lifting the S&P 500 to a fresh closing high, after a weaker-than-expected jobs report was taken as a sign that the Federal Reserve will not begin raising interest rates anytime soon. Stocks had traded lower after the gove
Published 07 Sep, 2014 12:00am
Outlook bearish for East African currencies; cedi, naira to hold firm

Outlook bearish for East African currencies; cedi, naira to hold firm

Rising importer demand is likely to weigh on East African currencies against the dollar next week, but tight monetary policy in Zambia is expected to prop up the kwacha. In West Africa, dollar proceeds from the state energy company should prop up Nigeria'
Published 07 Sep, 2014 12:00am
Canadian dollar weakens

Canadian dollar weakens

The Canadian dollar weakened against the greenback on Friday after data showed the domestic economy unexpectedly shed jobs last month, adding to evidence of a sluggish labour market in Canada. The pressure on the loonie was mitigated by a separate report
Published 07 Sep, 2014 12:00am
South Korea's dollar, yuan deposits rise in August

South Korea's dollar, yuan deposits rise in August

South Korea's dollar deposits rose in August because of an increase in trade-related funds, after slipping in July, central bank data showed on Friday, and yuan deposits also went up as investors continued to show interest in higher yields. Dollar deposit
Published 07 Sep, 2014 12:00am
ECB asset purchase programme already priced into euro

ECB asset purchase programme already priced into euro

The euro already reflects the likelihood of an ECB asset-purchase programme, according to currency strategists polled by Reuters, but it will probably continue to fall in the year ahead as a US dollar rally gathers pace. The euro has weakened around 1 per
Published 07 Sep, 2014 12:00am
Dollar dips on weak US jobs data, euro extends losing streak

Dollar dips on weak US jobs data, euro extends losing streak

The dollar slipped on Friday after data showed US employers added the fewest jobs in eight months, eroding confidence in the economy and reviving bets that the Federal Reserve might leave interest rates near zero for longer than anticipated. The US Labour
Published 07 Sep, 2014 12:00am
Opposition win in Brazil's election could soften currency drop

Opposition win in Brazil's election could soften currency drop

Brazil's real is set to weaken over the next year on prospects of higher interest rates in the United States, but the increasingly likely victory of market-friendly presidential candidate Marina Silva in October could soften the currency's drop, a Reuters
Published 07 Sep, 2014 12:00am
Speculators boost dollar bets to 15-month high

Speculators boost dollar bets to 15-month high

Speculators raised their bullish bets on the US dollar for a third straight week to their highest in about 15 months, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position surged to
Published 07 Sep, 2014 12:00am
Indian rupee to stagnate on dollar rally; yuan to rise slowly

Indian rupee to stagnate on dollar rally; yuan to rise slowly

The Indian rupee will likely stagnate over the next year as a US dollar rally gathers steam and the Indian economy at best chugs along, while the Chinese yuan will probably appreciate a little, a Reuters poll found. The poll of more than 30 currency strat
Published 07 Sep, 2014 12:00am
Ronaldinho joins Mexican club Queretaro

Ronaldinho joins Mexican club Queretaro

Brazilian legend Ronaldinho made a surprise move to Mexico's first division Friday, joining the White Roosters of Queretaro on a two-year deal. The 34-year-old former World Cup winner and two-time world player of the year had been without a club since lea
Published 07 Sep, 2014 12:00am
Dhoni wants India attack ready for World Cup slog

Dhoni wants India attack ready for World Cup slog

India captain Mahendra Singh Dhoni said his side's pacemen would need to hone their skills bowling in the 'slog-overs' if the world champions were to defend their title in Australia and New Zealand early next year. Dhoni's men suffered a 41-run defeat by
Published 07 Sep, 2014 12:00am
Neymar lifts Brazil

Neymar lifts Brazil

Neymar scored on a second half free kick as Brazil beat Colombia 1-0 Friday in their first game since their humiliating exit from their home World Cup in July. A record 73,429 spectators turned out for the friendly at SunLife Stadium. It was the largest c
Published 07 Sep, 2014 12:00am
Nishikori takes historic US Open final berth

Nishikori takes historic US Open final berth

Japan's Kei Nishikori stunned Novak Djokovic 6-4, 1-6, 7-6 (7/4) 6-3 at the US Open on Saturday to become the first Asian man to reach a Grand Slam final. The 24-year-old will play either five-time champion Roger Federer, the second seed, or 14th-seeded M
Published 07 Sep, 2014 12:00am
Serena to face off Wozniacki in final after Peng drama

Serena to face off Wozniacki in final after Peng drama

Serena Williams will fight for an 18th Grand Slam title against Caroline Wozniacki after sweeping past Ekaterina Makarova 6-1, 6-3 on Friday to reach the US Open final. World number one Williams, winner of the past two titles at Flushing Meadows and five
Published 07 Sep, 2014 12:00am
Morgan grateful for 'wondrous' IPL

Morgan grateful for 'wondrous' IPL

Eoin Morgan defended the Indian Premier League as he prepared to captain England in their lone Twenty20 international against India at Edgbaston on Sunday. England great Ian Botham used his MCC Cowdrey Lecture at Lord's earlier this week to call for the d
Published 07 Sep, 2014 12:00am
Pietersen slams 'selfish' Cook

Pietersen slams 'selfish' Cook

Kevin Pietersen has slammed England captain Alastair Cook as "selfish" for playing down his team's chances of winning next year's World Cup. Cook's side beat India by 41 runs on Friday to salvage some pride after an emphatic defeat in the one-day series,
Published 07 Sep, 2014 12:00am
England can't afford slow start, says Rooney

England can't afford slow start, says Rooney

Wayne Rooney admits England can't afford a slow start to their Euro 2016 qualifying campaign against Switzerland on Monday. Roy Hodgson's team head to Basel desperately in need of a strong performance and result to erase the bitter taste of their miserabl
Published 07 Sep, 2014 12:00am
Hesjedal wins 14th stage

Hesjedal wins 14th stage

Canada's Ryder Hesjedal pipped Swiss rider Oliver Zaugg in a brutal climb to the finish line to win the 14th stage of the Tour of Spain as Alberto Contador extended his overall lead on Saturday. Zaugg looked to have the stage victory wrapped up when he br
Published 07 Sep, 2014 12:00am
Eto'o-less Cameroon begin with a win

Eto'o-less Cameroon begin with a win

Cameroon began life without Samuel Eto'o with a comfortable 2-0 Africa Cup of Nations qualifying victory in the Democratic Republic of Congo Saturday. Clinton N'Jie scored in first-half stoppage time and another France-based player, Vincent Aboubakar, add
Published 07 Sep, 2014 12:00am
Steyn, Du Plessis help South Africa win trophy

Steyn, Du Plessis help South Africa win trophy

Dale Steyn ripped the heart out of Australia's batting and Faf du Plessis came within a whisker of yet another century as South Africa cruised to a six-wicket victory to clinch the triangular series cricket trophy on Saturday. Steyn swung the ball at pace
Published 07 Sep, 2014 12:00am
Telenor announces second edition of Youth Summit

Telenor announces second edition of Youth Summit

Aimed at helping the youth realise the true potential of mobile communication technology in solving social challenges, Telenor Pakistan announced the second edition of Telenor Group's global initiative, the Telenor Youth Summit. The global Telenor Youth S
Published 07 Sep, 2014 12:00am
KMC asked to remove encroachments from SWDs

KMC asked to remove encroachments from SWDs

Taking serious notice of absence of employees in certain areas of the city during his surprise visit for overseeing rains emergency preventive measures, Sindh Minister for Information and Local Government Sharjeel Innam Memon on Saturday directed Karachi
Published 07 Sep, 2014 12:00am
IHC to reopen tomorrow

IHC to reopen tomorrow

Islamabad High Court (IHC) would re-open on Monday, September 8 after observing Summer holidays. The court would start its routine business and the cause list for hearing cases has also been issued for the week during September, 8 to 12. For this purpose,
Published 07 Sep, 2014 12:00am
IG Punjab asks Federal government to relieve police personnel

IG Punjab asks Federal government to relieve police personnel

Inspector General Police Punjab has asked the federal government to return 3500 personnel of his force who are now deployed in Red Zone. According to reports, Islamabad police has started withdrawing the Punjab police personnel from Red Zone for their ret
Published 07 Sep, 2014 12:00am
Dar rejects Qadri's allegation

Dar rejects Qadri's allegation

Finance Minister Senator Ishaq Dar has said that the allegation of Allama Tahirul Qadri that at the time of taking over by this government, the total debt was Rs 6.5 trillion and during the last fourteen months the government has added Rs 5.5 trillion in
Published 07 Sep, 2014 12:00am
Policy of restraint to continue: IG Islamabad

Policy of restraint to continue: IG Islamabad

Inspector-General Police Islamabad Tahir Alam Khan has said that the policy of restraint towards demonstrators on the Constitution Avenue would continue. He was addressing police officials during his visit to Red Zone of the Capital Saturday. The IG asked
Published 07 Sep, 2014 12:00am
NA-125: Tribunal seeks constituency's complete polling record

NA-125: Tribunal seeks constituency's complete polling record

An election tribunal on Saturday asked returning officer (RO) of NA-125, Lahore to consolidate complete polling record of the constituency for recounting/inspection of the ballots. The Presiding Officer (PO) of the tribunal former Justice Kazim Ali Malik
Published 07 Sep, 2014 12:00am
Defence Day observed with national zeal and fervour

Defence Day observed with national zeal and fervour

Likewise, other parts of the country, the Defence Day of Pakistan was observed with national zeal and spirit in provincial metropolis on Saturday. In this connection, main function was held at Colonel Sher Khan Shaheed Stadium Peshawar in which Corps Comm
Published 07 Sep, 2014 12:00am
Pakistan does not need aid but trade with US: Jalil Abbas Jilani

Pakistan does not need aid but trade with US: Jalil Abbas Jilani

Ambassador of Pakistan to the United States Jalil Abbas Jilani said Pakistan does not need aid but trade with the US. Addressing a luncheon meeting arranged in his honour by the Houston Karachi Sister City Association (HKSCA), he said: "We need market acc
Published 07 Sep, 2014 12:00am
PPP Punjab leaders visit rain-hit areas

PPP Punjab leaders visit rain-hit areas

PPP Punjab top leadership visited the rain-affected areas on Saturday and shared the hardships faced by the people due to heavy rains. PPP Punjab President along with PPP Lahore President Samina Khalid Ghurki visited the rain-affected areas and inquired a
Published 07 Sep, 2014 12:00am
Youth killed, 11 injured in road mishap

Youth killed, 11 injured in road mishap

A youngster was killed and 11 others injured when a passenger van overturned here on Saturday. Rescue sources said the accident took place near Detha Railway Station, Hyderabad where a passenger van coming from Mirpurkhas turned turtle due to over speedin
Published 07 Sep, 2014 12:00am
PAF cadets take charge of the guard duties at Mazar-e-Quaid

PAF cadets take charge of the guard duties at Mazar-e-Quaid

A guard mounting ceremony took place at the Mazar-e-Quaid in which a smartly turned out contingent of Cadets from PAF Academy Risalpur took over guard duties at the mausoleum of Father of the Nation to commemorate his visit to the PAF Academy Risalpur 66
Published 07 Sep, 2014 12:00am
Italy's Gargano hit by deadly floods

Italy's Gargano hit by deadly floods

One person died and another was missing following devastating floods in the Gargano peninsula in south-eastern Italy, local authorities said Saturday. Parts of the mountainous area, which is located east of the city of Foggia and forms the 'spur' of the I
Published 07 Sep, 2014 12:00am
Pro-Russian rebels using forced labour 'punishment brigades': HRW

Pro-Russian rebels using forced labour 'punishment brigades': HRW

Rebel forces in east Ukraine have committed "serious violations of the laws of war" by seizing civilians and forcing them to work in "punishment brigades" on pain of death, Human Rights Watch said. Witnesses in the rebel stronghold of Donetsk told HRW peo
Published 07 Sep, 2014 12:00am
Sierra Leone orders three-day shutdown to stall Ebola

Sierra Leone orders three-day shutdown to stall Ebola

Sierra Leone said Saturday it will confine people to their homes in a nationwide three-day shutdown later this month aimed at containing the Ebola epidemic threatening west Africa. Pedestrians and vehicles will be barred from the country's streets, except
Published 07 Sep, 2014 12:00am
China reveals two aircraft carrier test pilots killed

China reveals two aircraft carrier test pilots killed

Two pilots in a squadron conducting fighter jet take-off and landing tests for China's lone aircraft carrier were killed during trials, state media reported, offering a rare glimpse into the secretive project. The revelation of the deaths came in a report
Published 07 Sep, 2014 12:00am
Hollande's ex skips France as tell-all memoir tops sales

Hollande's ex skips France as tell-all memoir tops sales

Francois Hollande's spurned girlfriend turned poison pen has skipped France for the Indian Ocean isle of Madagascar, a day after dropping a bombshell with her best-selling kiss-and-tell about life with the president. Airport sources in Madagascar said Val
Published 07 Sep, 2014 12:00am
Obama delays immigration action, angering advocates

Obama delays immigration action, angering advocates

President Barack Obama will wait until after November's midterm elections to reform the US immigration system by using his executive power, seeking to shield lawmakers crucial to Democratic Party hopes of clinging on to the Senate. The move, announced by
Published 07 Sep, 2014 12:00am
Danish foreign minister visits Middle East for cooperation against IS

Danish foreign minister visits Middle East for cooperation against IS

Danish Foreign Minister Martin Lidegaard said Saturday he was travelling to the Middle East to strengthen co-operation against Islamic State extremists, a day after the US called on allies to defeat them. "My main message will be that we must work even ha
Published 07 Sep, 2014 12:00am
Malawi cancels arms deal with South African firm: report

Malawi cancels arms deal with South African firm: report

Malawi's new government has cancelled a $145 million arms deal with South Africa's Paramount Group, Finance Minister Goodall Gondwe told Saturday's Nation newspaper. "The agreement between the Malawi Government and Paramount Group has been abrogated. That
Published 07 Sep, 2014 12:00am
Israeli spy device blast kills Hezbollah man in Lebanon

Israeli spy device blast kills Hezbollah man in Lebanon

A member of Lebanon's Hezbollah was killed when an Israeli listening device exploded in the south of the country, the Shiite militant group said on Saturday. On Friday, the army said that a "suspicious device" had been found near the town of Adlun, and th
Published 07 Sep, 2014 12:00am
Lawyers seek speedy return of Italian marine from India

Lawyers seek speedy return of Italian marine from India

Lawyers for one of the two Italian marines detained in India over the 2012 killing of two fishermen have launched a bid to have him flown home on medical grounds, defence officials said Saturday. Massimiliano Latorre has spent the last week in hospital in
Published 07 Sep, 2014 12:00am
Berlin urges Afghan rivals to find rapid fix to disputed vote

Berlin urges Afghan rivals to find rapid fix to disputed vote

German Foreign Minister Frank-Walter Steinmeier on Saturday urged the two rivals in Afghanistan's disputed presidential elections to find a rapid solution to end the crisis over the vote. Steinmeier, who arrived in the Afghan capital on Saturday, held tal
Published 07 Sep, 2014 12:00am
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