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Print - 2014-11-17
COAS, Centcom commander discuss Zarb-e-Azb

COAS, Centcom commander discuss Zarb-e-Azb

Chief of the Army Staff (COAS) General Raheel Sharif, during his visit to the United States on Sunday met with US Central Command (Centcom) Commander General Lloyd J. Austin III, a private TV channel reported. During the meeting, the army chief discussed
Published 17 Nov, 2014 12:00am
COAS, Centcom commander discuss Zarb-e-Azb

COAS, Centcom commander discuss Zarb-e-Azb

Chief of the Army Staff (COAS) General Raheel Sharif, during his visit to the United States on Sunday met with US Central Command (Centcom) Commander General Lloyd J. Austin III, a private TV channel reported. During the meeting, the army chief discussed
Published 17 Nov, 2014 12:00am
IB given Rs 2.7 billion to sabotage my protests: Imran

IB given Rs 2.7 billion to sabotage my protests: Imran

Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan on Sunday alleged that Prime Minister Nawaz Sharif gave away Rs2.7 billion to the Intelligence Bureau (IB) to sabotage his protest movement, a private TV channel reported. Addressing party supporters duri
Published 17 Nov, 2014 12:00am
IB given Rs 2.7 billion to sabotage my protests: Imran

IB given Rs 2.7 billion to sabotage my protests: Imran

Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan on Sunday alleged that Prime Minister Nawaz Sharif gave away Rs2.7 billion to the Intelligence Bureau (IB) to sabotage his protest movement, a private TV channel reported. Addressing party supporters duri
Published 17 Nov, 2014 12:00am
PTI workers fired upon: one killed, eight injured

PTI workers fired upon: one killed, eight injured

One was killed and eight Pakistan Tehrik-e-Insaf (PTI) workers were injured on Sunday allegedly by the gunmen of a former Pakistan Muslim League-Nawaz (PML-N) MPA. The PTI workers were on their way to a Pakistan Tehreek-i-Insaf (PTI) rally here when they
Published 17 Nov, 2014 12:00am
PTI workers fired upon: one killed, eight injured

PTI workers fired upon: one killed, eight injured

One was killed and eight Pakistan Tehrik-e-Insaf (PTI) workers were injured on Sunday allegedly by the gunmen of a former Pakistan Muslim League-Nawaz (PML-N) MPA. The PTI workers were on their way to a Pakistan Tehreek-i-Insaf (PTI) rally here when they
Published 17 Nov, 2014 12:00am
KASB Bank operation not suspended: SBP

KASB Bank operation not suspended: SBP

State Bank of Pakistan said on Sunday night that operation of KASB Bank Limited has not been suspended and all its branches will remain open today (Monday) and locker-holders can operate their lockers, as usual. According to SBP's statement issued on Nove
Published 17 Nov, 2014 12:00am
KASB Bank operation not suspended: SBP

KASB Bank operation not suspended: SBP

State Bank of Pakistan said on Sunday night that operation of KASB Bank Limited has not been suspended and all its branches will remain open today (Monday) and locker-holders can operate their lockers, as usual. According to SBP's statement issued on Nove
Published 17 Nov, 2014 12:00am
KASB Bank operation not suspended: SBP

KASB Bank operation not suspended: SBP

State Bank of Pakistan said on Sunday night that operation of KASB Bank Limited has not been suspended and all its branches will remain open today (Monday) and locker-holders can operate their lockers, as usual. According to SBP''s statement issued on Nov
Published 17 Nov, 2014 12:00am
Three soldiers, 34 militants killed in North Waziristan

Three soldiers, 34 militants killed in North Waziristan

Airstrikes and ground clashes between troops and militants in the troubled north-west early Sunday left three soldiers and 34 militants dead, the military said. The attacks happened in the village of Datta Khel in the North Waziristan tribal district, whe
Published 17 Nov, 2014 12:00am
Three soldiers, 34 militants killed in North Waziristan

Three soldiers, 34 militants killed in North Waziristan

Airstrikes and ground clashes between troops and militants in the troubled north-west early Sunday left three soldiers and 34 militants dead, the military said. The attacks happened in the village of Datta Khel in the North Waziristan tribal district, whe
Published 17 Nov, 2014 12:00am
Female Afghan MP survives suicide attack, three dead

Female Afghan MP survives suicide attack, three dead

A suicide bomber on Sunday attacked a vehicle convoy carrying Afghan lawmakers including a prominent female MP, killing three civilians and injuring 22 others, officials said. The blast, in which the attacker detonated an explosives-packed car, left the M
Published 17 Nov, 2014 12:00am
Female Afghan MP survives suicide attack, three dead

Female Afghan MP survives suicide attack, three dead

A suicide bomber on Sunday attacked a vehicle convoy carrying Afghan lawmakers including a prominent female MP, killing three civilians and injuring 22 others, officials said. The blast, in which the attacker detonated an explosives-packed car, left the M
Published 17 Nov, 2014 12:00am
MPS: overt reluctance?

MPS: overt reluctance?

The State Bank of Pakistan's decision to cut policy rate by 50 basis points to 9.5 percent appears to be in line with what BR Research was expecting - a reluctant case of monetary easing. With inflation expected to be below 8 percent for full financial ye
Published 17 Nov, 2014 12:00am
MPS: overt reluctance?

MPS: overt reluctance?

The State Bank of Pakistan's decision to cut policy rate by 50 basis points to 9.5 percent appears to be in line with what BR Research was expecting - a reluctant case of monetary easing. With inflation expected to be below 8 percent for full financial ye
Published 17 Nov, 2014 12:00am
Saudi, Bahrain, UAE envoys to return to Qatar

Saudi, Bahrain, UAE envoys to return to Qatar

Gulf leaders agreed Sunday on the return of Saudi, Emirati, and Bahraini envoys to Qatar after an extraordinary meeting in Riyadh, promising an end to eight months of tense relations. The agreement "promises the opening of a new page that will present a s
Published 17 Nov, 2014 12:00am
Saudi, Bahrain, UAE envoys to return to Qatar

Saudi, Bahrain, UAE envoys to return to Qatar

Gulf leaders agreed Sunday on the return of Saudi, Emirati, and Bahraini envoys to Qatar after an extraordinary meeting in Riyadh, promising an end to eight months of tense relations. The agreement "promises the opening of a new page that will present a s
Published 17 Nov, 2014 12:00am
Iran eyes to offset lost oil revenues

Iran eyes to offset lost oil revenues

Iran plans to tighten spending and raise taxes to help offset the negative impact of sharply lower oil prices and international sanctions on the state budget, its oil minister said. OPEC member Iran, with the world's fourth-largest oil reserves, is heavil
Published 17 Nov, 2014 12:00am
Iran eyes to offset lost oil revenues

Iran eyes to offset lost oil revenues

Iran plans to tighten spending and raise taxes to help offset the negative impact of sharply lower oil prices and international sanctions on the state budget, its oil minister said. OPEC member Iran, with the world's fourth-largest oil reserves, is heavil
Published 17 Nov, 2014 12:00am
THE RUPEE: soft tone

THE RUPEE: soft tone

The rupee came under pressure on the open market due to the higher demand for dollar by investors during the week, ended on November 15, 2014. In the open market, the rupee dropped by 80 paisa in terms of the dollar for buying and selling at Rs 102.00 and
Published 17 Nov, 2014 12:00am
THE RUPEE: soft tone

THE RUPEE: soft tone

The rupee came under pressure on the open market due to the higher demand for dollar by investors during the week, ended on November 15, 2014. In the open market, the rupee dropped by 80 paisa in terms of the dollar for buying and selling at Rs 102.00 and
Published 17 Nov, 2014 12:00am
Equities touch new high

Equities touch new high

The Karachi Stock Exchange (KSE) continued its positive momentum during the last week, ending on November 14, as Pakistan successfully completed the fourth and fifth reviews with the IMF and hopes for the release of $1.1 billion of Extended Fund Facility
Published 17 Nov, 2014 12:00am
Equities touch new high

Equities touch new high

The Karachi Stock Exchange (KSE) continued its positive momentum during the last week, ending on November 14, as Pakistan successfully completed the fourth and fifth reviews with the IMF and hopes for the release of $1.1 billion of Extended Fund Facility
Published 17 Nov, 2014 12:00am
Equities touch new high

Equities touch new high

The Karachi Stock Exchange (KSE) continued its positive momentum during the last week, ending on November 14, as Pakistan successfully completed the fourth and fifth reviews with the IMF and hopes for the release of $1.1 billion of Extended Fund Facility
Published 17 Nov, 2014 12:00am
Futures spreads down by 46 basis points

Futures spreads down by 46 basis points

The futures spreads decreased by 46 basis points to reach 4.18 per cent during the outgoing week ended on November 14, 2014. During the last week, trading activity on the futures counter witnessed a downward trend and average daily volume fell by 17.4 per
Published 17 Nov, 2014 12:00am
Futures spreads down by 46 basis points

Futures spreads down by 46 basis points

The futures spreads decreased by 46 basis points to reach 4.18 per cent during the outgoing week ended on November 14, 2014. During the last week, trading activity on the futures counter witnessed a downward trend and average daily volume fell by 17.4 per
Published 17 Nov, 2014 12:00am
Futures spreads down by 46 basis points

Futures spreads down by 46 basis points

The futures spreads decreased by 46 basis points to reach 4.18 per cent during the outgoing week ended on November 14, 2014. During the last week, trading activity on the futures counter witnessed a downward trend and average daily volume fell by 17.4 per
Published 17 Nov, 2014 12:00am
Futures spreads down by 46 basis points

Futures spreads down by 46 basis points

The futures spreads decreased by 46 basis points to reach 4.18 per cent during the outgoing week ended on November 14, 2014. During the last week, trading activity on the futures counter witnessed a downward trend and average daily volume fell by 17.4 per
Published 17 Nov, 2014 12:00am
G20 leaders vow to lift growth by extra 2.1 percent

G20 leaders vow to lift growth by extra 2.1 percent

G20 leaders representing the bulk of the world's economy on Sunday committed to reform measures to lift their collective growth by an extra 2.1 percent by 2018, despite evidence of a slowdown in some major nations. The pledge - known as the Brisbane Actio
Published 17 Nov, 2014 12:00am
G20 leaders vow to lift growth by extra 2.1 percent

G20 leaders vow to lift growth by extra 2.1 percent

G20 leaders representing the bulk of the world's economy on Sunday committed to reform measures to lift their collective growth by an extra 2.1 percent by 2018, despite evidence of a slowdown in some major nations. The pledge - known as the Brisbane Actio
Published 17 Nov, 2014 12:00am
G20 leaders vow to lift growth by extra 2.1 percent

G20 leaders vow to lift growth by extra 2.1 percent

G20 leaders representing the bulk of the world''s economy on Sunday committed to reform measures to lift their collective growth by an extra 2.1 percent by 2018, despite evidence of a slowdown in some major nations. The pledge - known as the Brisbane Acti
Published 17 Nov, 2014 12:00am
Putin quits summit

Putin quits summit

Vladimir Putin's early exit from a G20 summit in Australia after an icy reception from world leaders may further stoke Russia-West tensions and lead to renewed fighting in Ukraine, analysts said. Western leaders piled huge pressure on the Russian presiden
Published 17 Nov, 2014 12:00am
Putin quits summit

Putin quits summit

Vladimir Putin's early exit from a G20 summit in Australia after an icy reception from world leaders may further stoke Russia-West tensions and lead to renewed fighting in Ukraine, analysts said. Western leaders piled huge pressure on the Russian presiden
Published 17 Nov, 2014 12:00am
Putin quits summit

Putin quits summit

Vladimir Putin''s early exit from a G20 summit in Australia after an icy reception from world leaders may further stoke Russia-West tensions and lead to renewed fighting in Ukraine, analysts said. Western leaders piled huge pressure on the Russian preside
Published 17 Nov, 2014 12:00am
FBR chief asked to probe case of 'unlawful' promotions

FBR chief asked to probe case of 'unlawful' promotions

In a landmark case of gross mismanagement and violation of procedure/rules, Federal Tax Ombudsman (FTO) has ordered Chairman FBR to hold thorough investigation through a committee of senior officers with a representative of Establishment Division and iden
Published 17 Nov, 2014 12:00am
FBR chief asked to probe case of 'unlawful' promotions

FBR chief asked to probe case of 'unlawful' promotions

In a landmark case of gross mismanagement and violation of procedure/rules, Federal Tax Ombudsman (FTO) has ordered Chairman FBR to hold thorough investigation through a committee of senior officers with a representative of Establishment Division and iden
Published 17 Nov, 2014 12:00am
FBR chief asked to probe case of ''unlawful'' promotions

FBR chief asked to probe case of ''unlawful'' promotions

In a landmark case of gross mismanagement and violation of procedure/rules, Federal Tax Ombudsman (FTO) has ordered Chairman FBR to hold thorough investigation through a committee of senior officers with a representative of Establishment Division and iden
Published 17 Nov, 2014 12:00am
Nobel summit moved from South Africa to Rome after Dalai Lama visa row

Nobel summit moved from South Africa to Rome after Dalai Lama visa row

A summit of Nobel peace laureates scheduled to be held in Cape Town has been moved to Rome after the South African government failed to issue a visa to the Dalai Lama, organisers said Sunday. The gathering will now take place in the Italian city from Dece
Published 17 Nov, 2014 12:00am
Nobel summit moved from South Africa to Rome after Dalai Lama visa row

Nobel summit moved from South Africa to Rome after Dalai Lama visa row

A summit of Nobel peace laureates scheduled to be held in Cape Town has been moved to Rome after the South African government failed to issue a visa to the Dalai Lama, organisers said Sunday. The gathering will now take place in the Italian city from Dece
Published 17 Nov, 2014 12:00am
Former Latvian MP 'expelled' from Russia

Former Latvian MP 'expelled' from Russia

A former member of the Latvian parliament expressed "surprise" Sunday after Russian media claimed he had been expelled from Russia for spying, in another Cold War-style incident in the ex-Soviet Baltic states.
Published 17 Nov, 2014 12:00am
Former Latvian MP 'expelled' from Russia

Former Latvian MP 'expelled' from Russia

A former member of the Latvian parliament expressed "surprise" Sunday after Russian media claimed he had been expelled from Russia for spying, in another Cold War-style incident in the ex-Soviet Baltic states.
Published 17 Nov, 2014 12:00am
Turkish football club boss declares war on beards

Turkish football club boss declares war on beards

The chairman of Turkish football club Genclerbirligi has vowed to fine any of his players who have beards after claiming some looked like students of an Islamic school. "I'm 80 and I shave every day," said Ilhan Cavcav, chairman of the Ankara-based club w
Published 17 Nov, 2014 12:00am
Turkish football club boss declares war on beards

Turkish football club boss declares war on beards

The chairman of Turkish football club Genclerbirligi has vowed to fine any of his players who have beards after claiming some looked like students of an Islamic school. "I'm 80 and I shave every day," said Ilhan Cavcav, chairman of the Ankara-based club w
Published 17 Nov, 2014 12:00am
Rail links to be set up with Afghanistan, Iran and Turkey

Rail links to be set up with Afghanistan, Iran and Turkey

Pakistan has decided to establish rail linkages with Afghanistan, Iran and Turkey aimed at boosting trade and tourism amongst the Muslim countries, official sources told Business Recorder. The decision was taken at a recent special meeting of feder
Published 17 Nov, 2014 12:00am
Rail links to be set up with Afghanistan, Iran and Turkey

Rail links to be set up with Afghanistan, Iran and Turkey

Pakistan has decided to establish rail linkages with Afghanistan, Iran and Turkey aimed at boosting trade and tourism amongst the Muslim countries, official sources told Business Recorder. The decision was taken at a recent special meeting of feder
Published 17 Nov, 2014 12:00am
Rail links to be set up with Afghanistan, Iran and Turkey

Rail links to be set up with Afghanistan, Iran and Turkey

Pakistan has decided to establish rail linkages with Afghanistan, Iran and Turkey aimed at boosting trade and tourism amongst the Muslim countries, official sources told Business Recorder. The decision was taken at a recent special meeting of feder
Published 17 Nov, 2014 12:00am
Gepco CEO promoted

Gepco CEO promoted

A high powered promotion board at the WAPDA House has promoted Chief Executive Officer (CEO) Gujranwala Electric Power Company (GEPCO) Eng Zahoor Ahmad Chohan as General Manager. Earlier, he was working as Chief Engineer in GEPCO. The competent authority
Published 17 Nov, 2014 12:00am
Non-procurement of cotton by TCP: farmers stage demonstration

Non-procurement of cotton by TCP: farmers stage demonstration

Hundreds of farmers staged a demonstration in front of District Co-ordination Office (DCO) as a protest against non-procurement of cotton by the Trading Corporation of Pakistan (TCP) and they alleged that ginners are fleecing them and they are purchasing
Published 17 Nov, 2014 12:00am
Imran urged to refrain from politics of bodies

Imran urged to refrain from politics of bodies

Spokesman for the Punjab government Syed Zaeem Hussain Qadri has said that Imran Khan should refrain from politics of bodies. He said that the only aim of protest politics of Imran Khan, continuing for the last three months, is to create chaos and anarchy
Published 17 Nov, 2014 12:00am
Shaukat Aziz foreign agent: Hashwani

Shaukat Aziz foreign agent: Hashwani

Chairman Hashoo Group and prominent businessman Sadruddin Hashwani has alleged that former Prime Minister Shaukat Aziz was a foreign agent.
Published 17 Nov, 2014 12:00am
Shaukat Aziz foreign agent: Hashwani

Shaukat Aziz foreign agent: Hashwani

Chairman Hashoo Group and prominent businessman Sadruddin Hashwani has alleged that former Prime Minister Shaukat Aziz was a foreign agent.
Published 17 Nov, 2014 12:00am
Hashwani levels allegations against Zardari, others: book launched

Hashwani levels allegations against Zardari, others: book launched

Chairman Hashoo Group and prominent Pakistani businessman Sadruddin Hashwani has said that he hoped his book could inspire the youth to build a better Pakistan for better tomorrow - a just, fair and prosperous society that the 200 million people of our co
Published 17 Nov, 2014 12:00am
Zardari serves legal notice on Hashwani and publishers

Zardari serves legal notice on Hashwani and publishers

Former President Asif Ali Zardari on Sunday served legal notice on Sadruddin Hashwani Chairman Hashoo Group, the author of "The Truth Always Prevails" as well as the publishers for filing a criminal suit against them for wilfully publishing a "false, dero
Published 17 Nov, 2014 12:00am
Speakers admire Hashwani at launching of his book

Speakers admire Hashwani at launching of his book

Speakers were of the view that Sadruddin Hashwani, a businessman, has very humble, sincere, soft and social personality and wealth has not made him stiff-neck person. They expressed these views on the launching ceremony of his book 'Truth Always Prevails'
Published 17 Nov, 2014 12:00am
'Islamic system enforcement a constitutional requirement'

'Islamic system enforcement a constitutional requirement'

Chief of Jamaat-i-Islami Sirajul Haq has said that the enforcement of the Islamic system was the constitutional requirement of this country. According to the JI Lahore media cell, while addressing a donors' conference at the Jamia Tafheemul Quran in Marda
Published 17 Nov, 2014 12:00am
Chief minister Punjab congratulates student

Chief minister Punjab congratulates student

Punjab Chief Minister Muhammad Shahbaz Sharif has congratulated an 18-year old student Haroon Tariq of Islamabad on setting six world records in Cambridge examination and said that he has won laurels for the country through his talent and hard work. The C
Published 17 Nov, 2014 12:00am
Monetary policy: business community heaves a sigh of relief

Monetary policy: business community heaves a sigh of relief

Business community of South Punjab heaved a sigh of relief on introducing a realistic monetary policy, reducing the rate of inflation and maintaining the bank's policy rate at 9.5 percent and said that interest should be cut at least 0.5 percent because i
Published 17 Nov, 2014 12:00am
PTI's rally: Punjab chief minister takes notice of firing

PTI's rally: Punjab chief minister takes notice of firing

Punjab Chief Minister Shahbaz Sharif has taken notice of firing on the rally of Pakistan Tehrik-e-Insaf in Jehlum and sought a report from RPO and the Commissioner Rawalpindi. The chief minister directed that elements involved in the firing be arrested im
Published 17 Nov, 2014 12:00am
JI condemns firing on PTI rally

JI condemns firing on PTI rally

Chief of Jamaat-i-Islami, Pakistan, Sirajul Haq, and JI Secretary General, Liaqat Baloch, have condemned the firing on the PTI rally at Jhelum, resulting in injuries to many people. In a joint statement here, they said that attacks on political opponents
Published 17 Nov, 2014 12:00am
PEW terms new load management plan impractical

PEW terms new load management plan impractical

The Pakistan Economy Watch (PEW) on Sunday said the government's new energy load management plan was flawed and unfeasible in the prevailing circumstances. The recently announced electricity and gas load management plan which prefers textile sector over t
Published 17 Nov, 2014 12:00am
Chinese ambassador meets Punjab chief minister

Chinese ambassador meets Punjab chief minister

Chinese Ambassador in Pakistan, Sun Weidong met Punjab Chief Minister Muhammad Shahbaz Sharif in Islamabad on Sunday. Matters of mutual interest, bilateral relation and the agreements of investment of billions of dollars signed between Pakistan and China
Published 17 Nov, 2014 12:00am
Khattak concerned over growing number of drug addicts

Khattak concerned over growing number of drug addicts

Expressing grave concern over growing number of heroine and other drug addicts especially in the provincial metropolis, KP Chief Minister Pervez Khattak has directed the authorities to make concerted efforts and take concrete steps to end the menace of dr
Published 17 Nov, 2014 12:00am
Carnage-hit families demand compensation

Carnage-hit families demand compensation

Families, affected by carnage in Kurram Agency on Sunday protested over government failure to announce compensation package for them, and blocked main shershah suri road, outside Governor House here. The protesters were holding placards and banners, inscr
Published 17 Nov, 2014 12:00am
Special Hindko publication on late religious scholar

Special Hindko publication on late religious scholar

The Gandhara Hindko Board (GHB), a literary, cultural and social welfare organisation, has devoted a special issue of its Hindko journal to a great religious scholar late Syed Mohammad Ameer Shah Gillani. The work on special issue of the journal "Sarkhel"
Published 17 Nov, 2014 12:00am
NTC chief on acting charge: LHC approached against appointment

NTC chief on acting charge: LHC approached against appointment

A leading manufacturing company has approached Lahore High Court (LHC) against the appointment of Chairman National Tariff Commission (NTC) on acting charge, taking the plea that the NTC was not duly constituted in terms of Section 5 of the National Tarif
Published 17 Nov, 2014 12:00am
Four die in Karachi firing, road accident

Four die in Karachi firing, road accident

At least four people, including a woman, were killed and four others injured in separate incidents of firing and road accident in different areas of the provincial metropolis on Sunday. Enraged people set the vehicle on fire after the accident.
Published 17 Nov, 2014 12:00am
Over 100 contract employees of LGH regularised

Over 100 contract employees of LGH regularised

In compliance of orders of Chief Minister Punjab Shahbaz Sharif, more than 100 employees working on contract basis in Lahore General Hospital (LGH) have been regularised. These employees are included the staff recruited by the Board of Management. This wa
Published 17 Nov, 2014 12:00am
Kalabagh Dam guarantees prosperity for provinces: Elahi

Kalabagh Dam guarantees prosperity for provinces: Elahi

Pakistan Muslim League-Q senior central leader and former Deputy Prime Minister Chaudhry Parvez Elahi has said that Kalabagh Dam guarantees for the provision of water, cheap electricity and prosperity for all the four provinces and for the better future o
Published 17 Nov, 2014 12:00am
Collective efforts needed for education of women: minister

Collective efforts needed for education of women: minister

Punjab Minster for Women Development Hameeda Waheedudin has said that collective efforts will be made under inter-provincial co-operation for the education and development of women. She said that Chief Minister Muhammad Shahbaz Sharif is already extending
Published 17 Nov, 2014 12:00am
Government has nothing to do with attack on PTI rally: Rashid

Government has nothing to do with attack on PTI rally: Rashid

Federal Minister for Information and Broadcasting Pervaiz Rashid has said neither the government nor the Pakistan Muslim League-Nawaz (PML-N) have to do anything with the attack on Pakistan Tehreek-e-Insaf (PTI) workers at Jhelum.
Published 17 Nov, 2014 12:00am
Tractor production rises by 65 percent in first quarter

Tractor production rises by 65 percent in first quarter

There has been 65 percent increase in the production of farm tractors in the first quarter of 2014 (July to October) than the first quarter of 2013. The three tractor manufacturers produced 15,617 tractors as against 9,721 of July-October 2013, PAMA sourc
Published 17 Nov, 2014 12:00am
Thousands protest in Spain over Western Sahara

Thousands protest in Spain over Western Sahara

Several thousand people demonstrated in Madrid on Sunday in support of independence for the disputed territory of Western Sahara, a former Spanish colony in north-western Africa. About 3,000 protesters marched from Atocha railway station to the central Pl
Published 17 Nov, 2014 12:00am
Renzi says Britain leaving EU would be a 'disaster'

Renzi says Britain leaving EU would be a 'disaster'

Britain leaving the European Union would be a "disaster" for both it and the 28-nation bloc, Italian Prime Minister Matteo Renzi said on Sunday. British Prime Minister David Cameron has promised to renegotiate Britain's ties with the EU before offering a
Published 17 Nov, 2014 12:00am
Hong Kong court notice clears way for action at protest site

Hong Kong court notice clears way for action at protest site

A Hong Kong court notice ordering the eviction of democracy demonstrators from parts of the main protest site they have occupied for seven weeks has been published in leading newspapers, the first such public circular that empowers authorities to start cl
Published 17 Nov, 2014 12:00am
Three-year-old boy stabbed to death by woman in China

Three-year-old boy stabbed to death by woman in China

A three-year-old Chinese boy died and a girl was seriously injured when a knife-wielding woman attacked the children on Sunday, media reported, the latest in a series of assaults against youngsters. Police detained the suspect, who was aged about 40, and
Published 17 Nov, 2014 12:00am
Hagel announces push to boost US military's technological edge

Hagel announces push to boost US military's technological edge

Defense Secretary Chuck Hagel, warning that the Pentagon's technological edge is eroding, announced an ambitious effort on Saturday to identify and develop weapons systems to enable continued US military dominance in the 21st century. Hagel, in a speech a
Published 17 Nov, 2014 12:00am
Nigerian army recaptures abducted girls' hometown

Nigerian army recaptures abducted girls' hometown

The Nigerian army said Sunday it had recaptured the north-eastern town of Chibok, where Islamic militants abducted more than 200 schoolgirls in April, provoking a wave of global outrage. Control of Chibok is crucial to the reputation of the government of
Published 17 Nov, 2014 12:00am
Woman suicide bomber 'kills several' in Nigerian market

Woman suicide bomber 'kills several' in Nigerian market

A female suicide bomber blew herself up Sunday at a mobile phone market in north-east Nigeria, killing several people, witnesses said. The attack happened in the town of Azare in Bauchi state, which neighbours the three states worst hit by attacks from Bo
Published 17 Nov, 2014 12:00am
Israel economy shrinks on Gaza war

Israel economy shrinks on Gaza war

Israel's economy contracted for the first time in more than five years in the third quarter, as growth was hit by the effects of a war with Islamist militants in Gaza. Gross domestic product fell 0.4 percent in the July-September period, the Central Burea
Published 17 Nov, 2014 12:00am
Israel will never limit E Jerusalem settlement building: FM

Israel will never limit E Jerusalem settlement building: FM

Israel will never agree to limit its construction activity in annexed east Jerusalem, Foreign Minister Avigdor Lieberman said on Sunday. "One thing should be clear: we will never accept the definition of building in Jewish neighbourhoods of Jerusalem as s
Published 17 Nov, 2014 12:00am
Merkel tells German rock star: sorry we mangled your song

Merkel tells German rock star: sorry we mangled your song

Chancellor Angela Merkel stunned a German rock star named Campino by calling to apologise for her conservative Christian Democrat (CDU) party's mangling of his popular rock anthem "Tage wie diese" at their victory party after her 2013 re-election.
Published 17 Nov, 2014 12:00am
Second Italian freed in Libya

Second Italian freed in Libya

An Italian engineer kidnapped in Libya in March has been freed and flew home overnight, the foreign ministry announced Sunday. No details were released of how Gianluca Salviato, 48, came to be liberated days after another Italian, Marco Vallisa, 54, was f
Published 17 Nov, 2014 12:00am
Black weekend as storms lash Italy, Switzerland, France

Black weekend as storms lash Italy, Switzerland, France

At least four people were killed as landslides triggered by torrential rain slammed into buildings on either side of the Swiss-Italian border Sunday, a day after floods in southern France killed five people. In the rain-drenched southern Ticino region of
Published 17 Nov, 2014 12:00am
Arabtec drags down Dubai index, Ma'aden weighs on Saudi Arabia

Arabtec drags down Dubai index, Ma'aden weighs on Saudi Arabia

Construction firm Arabtec dragged down Dubai's bourse on Sunday after missing third-quarter profit estimates, while Saudi Arabian Mining Co (Ma'aden) weighed on the kingdom's market ahead of a discounted rights issue. Dubai's index fell 1.2 percent as Ara
Published 17 Nov, 2014 12:00am
Kuwait to sell Dow Chemical's petchem venture shares to public

Kuwait to sell Dow Chemical's petchem venture shares to public

Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which US petrochemicals giant Dow Chemical Co plans to sell off, state news agency KUNA quoted a senior Kuwaiti executive as saying. Dow Chemical announced last week that as part of
Published 17 Nov, 2014 12:00am
Hedge funds' big bets on energy companies pummelled in third quarter

Hedge funds' big bets on energy companies pummelled in third quarter

Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummelled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised
Published 17 Nov, 2014 12:00am
Hedge funds' big bets on energy companies pummelled in third quarter

Hedge funds' big bets on energy companies pummelled in third quarter

Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummelled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised
Published 17 Nov, 2014 12:00am
Eurozone's troubles, gold vote test Swiss central bank

Eurozone's troubles, gold vote test Swiss central bank

The Swiss National Bank faces the biggest test of its cap on the franc in two years but may find it easier to defend now than when euro zone break-up fears were rampant and the strategy unproven. The franc rose to its strongest level since September 2012
Published 17 Nov, 2014 12:00am
Tokyo investors eye GDP data

Tokyo investors eye GDP data

Investors will keep a close eye on the release of Japanese third-quarter economic growth data next week, as Tokyo mulls the delay of a planned sales tax hike, analysts said. The government is to release gross domestic product figures for the quarter to Se
Published 17 Nov, 2014 12:00am
Yen slide may prompt Beijing to seek weaker yuan

Yen slide may prompt Beijing to seek weaker yuan

The strength of the Chinese yuan seems a glaring anomaly given the recent slide in value of the Japanese yen. If the yen continues to fall the risk must be that Beijing decides it needs a weaker yuan. Since the second quarter, the yuan has risen 17.46 per
Published 17 Nov, 2014 12:00am
Thomson Reuters FX volumes rise 20 percent

Thomson Reuters FX volumes rise 20 percent

Foreign exchange volumes on currency platforms run by Thomson Reuters rose by over 20 percent year-on-year to $373.7 billion a day in October, extending a recovery in trading activity to a second straight month. The rise in volumes comes as the Bank of Ja
Published 17 Nov, 2014 12:00am
Chinese money rates fall

Chinese money rates fall

China's money rates dropped slightly this week from already low levels last week, buoyed by an abundance of liquidity in the markets amid fresh talk of regulatory cash injections, traders said. There was speculation on Thursday that the People's Bank of C
Published 17 Nov, 2014 12:00am
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