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Dec 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-11-28
Bulgaria doubles deficit target, ups debt ceiling in new budget

Bulgaria doubles deficit target, ups debt ceiling in new budget

Bulgaria's parliament approved on Wednesday a revised budget doubling the public deficit and raising the debt ceiling for 2014, to buttress the country against fiscal troubles after a bank failure. The new bill sees a deficit of 3.7 percent of output by y
Published 28 Nov, 2014 12:00am
Mittal bids for 'environmental disaster' Italian steel plant

Mittal bids for 'environmental disaster' Italian steel plant

ArcelorMittal has teamed up with Italy's Marcegaglia to bid for Ilva, a loss-making Italian steel plant at the centre of a major environmental scandal, the target company confirmed Wednesday. The Ilva site at Taranto in the Puglia region of southern Italy
Published 28 Nov, 2014 12:00am
Spanish prices fall for fifth straight month in November

Spanish prices fall for fifth straight month in November

Spanish consumer prices fell for the fifth straight month in November, official figures showed on Thursday, amid concern that the eurozone is at risk of sliding into deflation. Spain's EU-harmonised inflation rate was minus 0.5 percent in November on a se
Published 28 Nov, 2014 12:00am
Singapore pledges more steps if needed to contain household debt

Singapore pledges more steps if needed to contain household debt

Some highly-leveraged households in Singapore may be vulnerable if interest rates rise or the economy slows, its central bank said on Thursday, asserting it will take more steps if needed to keep household debt at manageable levels. "Despite some moderati
Published 28 Nov, 2014 12:00am
Singapore pledges more steps if needed to contain household debt

Singapore pledges more steps if needed to contain household debt

Some highly-leveraged households in Singapore may be vulnerable if interest rates rise or the economy slows, its central bank said on Thursday, asserting it will take more steps if needed to keep household debt at manageable levels. "Despite some moderati
Published 28 Nov, 2014 12:00am
SABMiller, Coca-Cola and local firm to create African bottler

SABMiller, Coca-Cola and local firm to create African bottler

SABMiller Plc, The Coca-Cola Company and Gutsche Family Investments (GFI) are combining their soft drinks bottling operations in South and East Africa to create a group with $2.9 billion in revenue across 12 fast-growing markets. The new company, which wi
Published 28 Nov, 2014 12:00am
Infineon sees 2015 margin flat in challenging market

Infineon sees 2015 margin flat in challenging market

Auto and industrial chipmaker Infineon said its 2015 operating margin would remain roughly flat, disappointing the market, as sales at its high-margin industrial power-control unit would grow more slowly than the group average. The German company said on
Published 28 Nov, 2014 12:00am
Fifty is the new 20 for South Korean workers, data shows

Fifty is the new 20 for South Korean workers, data shows

Workers in their fifties outnumbered those in their twenties last year in South Korea, home to the world's fastest-ageing population, data showed on Thursday. People in their fifties accounted for 18.3 percent of the 16.5 million South Koreans with jobs i
Published 28 Nov, 2014 12:00am
New Remy CEO keeps focus on China despite setback

New Remy CEO keeps focus on China despite setback

The new boss of Remy Cointreau said on Thursday that affluent Chinese consumers remained a key market after problems in the country hit profits for the French spirits company. A Chinese government crackdown on corporate gift-giving hurt demand for Remy Co
Published 28 Nov, 2014 12:00am
Kenyan best grade tea price falls

Kenyan best grade tea price falls

The maximum price of the top grade Kenyan tea, Best Broken Pekoe Ones (BP1s), edged lower at auction this week, Africa Tea Brokers (ATB) said in a report. Producers offered 10.6 million kg of tea during the sale and 15.42 percent did not get buyers, ATB s
Published 28 Nov, 2014 12:00am
Mixed price patterns on grain market

Mixed price patterns on grain market

Rates moved both ways on the wholesale grain market on Thursday in the process of modest trading, dealers said. On the cereals side, Makai low type was down by Rs 25 to Rs 2475 while the best variety was unchanged at Rs 2600, Moong Punjab was sharply high
Published 28 Nov, 2014 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday to a nearly two-week high, lifted by modest fund buying and stronger soya markets. Funds bought an estimated 1,000 January contracts, with the nearby month trading above its 100-day moving average. A pick-up in
Published 28 Nov, 2014 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 152,069 tonnes of cargo comprising 119,897 tonnes of import cargo and 32,172 tonnes of export cargo including 6,274 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 28 Nov, 2014 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was lower, while the January vaida was inert on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The December contract closed at Rs 1600.80 and commenced with a fall of 40 paisa at Rs 1600.40 in
Published 28 Nov, 2014 12:00am
Growers hope rates to stabilise after TCP's move

Growers hope rates to stabilise after TCP's move

Prices stabilised slightly on the cotton market on Thursday as the Trading Corporation of Pakistan (TCP) started purchasing from the ginners, dealers said. The official spot rate maintained overnight level at Rs 4,800, they added. In the ready session, ov
Published 28 Nov, 2014 12:00am
Moderate activity on cotton market

Moderate activity on cotton market

At best, activity on the cotton market was moderate where mostly easy and subdued tendency was apparent, even though a few exporters also participated. The induction of the Trading Corporation of Pakistan (TCP) to buy cotton and stabilise the prices has y
Published 28 Nov, 2014 12:00am
Moderate activity on cotton market

Moderate activity on cotton market

At best, activity on the cotton market was moderate where mostly easy and subdued tendency was apparent, even though a few exporters also participated. The induction of the Trading Corporation of Pakistan (TCP) to buy cotton and stabilise the prices has y
Published 28 Nov, 2014 12:00am
UVAS contributing to uplift of livestock sector: Governor

UVAS contributing to uplift of livestock sector: Governor

Punjab Governor Sarwar said on Thursday that University of Veterinary and Animal Sciences (UVAS) is not only producing competent manpower and promoting veterinary science but also contributing to development of livestock, poultry, dairy and other allied s
Published 28 Nov, 2014 12:00am
Collective efforts needed to promote trade: Turkish envoy

Collective efforts needed to promote trade: Turkish envoy

Ambassador of Turkey to Pakistan S Babur Girgim on Thursday said that Turkey and Pakistan are enjoying highly cordial and brotherly relations since long. These relations would be further strengthened with the passage of time, he said. Talking to the Presi
Published 28 Nov, 2014 12:00am
'Value added textile industry will continue to get gas'

'Value added textile industry will continue to get gas'

Value added textile industry in Punjab will continue to get gas throughout shortage period of winter on the special directive of Prime Minister Nawaz Sharif, said Mian Abdul Mannan MNA. Talking to journalists here on Monday, he said that we all know the g
Published 28 Nov, 2014 12:00am
Three killed in Nasirabad clash

Three killed in Nasirabad clash

Three persons were shot killed and one was injured in an armed clash in Lehri area of Nasirabad district, on Thursday. Police said that two armed groups of a same tribe opened fire at each other in Lehri area. "Three people died and one injured in armed c
Published 28 Nov, 2014 12:00am
Punjab government approves eight uplift schemes worth Rs 4.61 billion

Punjab government approves eight uplift schemes worth Rs 4.61 billion

The Punjab government has approved eight development schemes for various sectors with an estimated cost of Rs 4,616.093 million including construction of road & bridge between District Mianwali & Jand (District Attock) (Revised) at a cost of Rs 2,117.258
Published 28 Nov, 2014 12:00am
Shahbaz and World Bank team discuss cooperation in various sectors

Shahbaz and World Bank team discuss cooperation in various sectors

A delegation of World Bank led by Vincent Palmade met Punjab Chief Minister Shahbaz Sharif, here on Thursday. During a meeting it was decided to take speedy measures for co-operation between Punjab government and the World Bank for institutional reforms,
Published 28 Nov, 2014 12:00am
BoK Raast Islamic Branch opened at Saleh Khana Pabbi

BoK Raast Islamic Branch opened at Saleh Khana Pabbi

The Bank of Khyber (BoK) on Thursday opened a new branch of Raast Islamic Banking at Saleh Khana in Pabbi tehsil of Nowshera district. The Khyber Pakhtunkhwa Minister for Finance Muzaffar Said Advocate formally inaugurated the new branch of the bank. The
Published 28 Nov, 2014 12:00am
Kot Addu, Muzaffargarh: WWF-P distributes 600 tool kits to farmers

Kot Addu, Muzaffargarh: WWF-P distributes 600 tool kits to farmers

World Wide Fund for Nature-Pakistan (WWF-P) under its Green Skills Project distributed 600 farmer and veterinary tool kits amongst less privileged farming families of Kot Addu and Muzaffargarh in a ceremony held on Thursday. Ahmad Yar Hanjra, MPA was the
Published 28 Nov, 2014 12:00am
Vast opportunities exist in exports of rice, fruits to Iran

Vast opportunities exist in exports of rice, fruits to Iran

Pakistani agricultural commodities especially rice, kinnow, potato and mango are in high demand in Iranian markets thus offering huge potential to increase exports of these commodities manifold between the two neighbouring countries. The Punjab government
Published 28 Nov, 2014 12:00am
Attack on polio team: 34 suspects held in Quetta

Attack on polio team: 34 suspects held in Quetta

Security forces on Thursday arrested at least 34 suspects during search operation in Quetta in the connection with attack on polio team that left four health workers dead. The joint search operation was conducted by Frontier Corps and police in Eastern By
Published 28 Nov, 2014 12:00am
HBL, Emirates Airline enter into an alliance

HBL, Emirates Airline enter into an alliance

Habib Bank Limited (HBL) entered into an exclusive alliance with Emirates airline to offer HBL credit card customers discount offerings on online ticket purchases. This makes HBL the only bank this year to partner with Emirates airline. The agreement was
Published 28 Nov, 2014 12:00am
HBL, Emirates Airline enter into an alliance

HBL, Emirates Airline enter into an alliance

Habib Bank Limited (HBL) entered into an exclusive alliance with Emirates airline to offer HBL credit card customers discount offerings on online ticket purchases. This makes HBL the only bank this year to partner with Emirates airline. The agreement was
Published 28 Nov, 2014 12:00am
'Chinese investors evincing interest in textile sector'

'Chinese investors evincing interest in textile sector'

Former chairman of Pakistan Cotton Ginners Association (PCGA) Masood A. Majeed has said that Chinese businessmen are evincing interest to invest in the ginning and textile sectors. He urged the government to relocate 200 spinning mills in Punjab, allow le
Published 28 Nov, 2014 12:00am
Most Gulf markets dip again on oil price concerns

Most Gulf markets dip again on oil price concerns

Most Gulf stock markets fell further on Thursday as investors' hopes that Opec would cut oil output to boost prices waned, while Egypt's bourse rose as Cairo's government eyed savings from cheaper crude. Brent crude fell $2 to a 50-month low under $76 aft
Published 28 Nov, 2014 12:00am
Australian shares held back by energy sector

Australian shares held back by energy sector

Australian shares ended flat on Thursday with gains in banking stocks mostly offset by losses in the energy sector as Brent crude fell to a four-year low. The S&P/ASX 200 index closed 0.09 percent, or 4.69 points, higher at 5,400.90, having rallied 1.2 pe
Published 28 Nov, 2014 12:00am
Sri Lankan stocks fall

Sri Lankan stocks fall

Sri Lankan stocks fell to a 12-week closing low on Thursday as investors pulled back over worries the defection of some ruling party members would result in a hung parliament after the January 8 presidential polls. The main stock index closed down 0.89 pe
Published 28 Nov, 2014 12:00am
Hong Kong shares down, China up

Hong Kong shares down, China up

Hong Kong stocks fell 0.45 percent Thursday, while China's benchmark Shanghai Composite Index ended on its highest close in more than three years. The Hang Seng Index fell 107.70 points to 24,004.28 on turnover of HK$72.888 billion (US $9.4 billion) ahead
Published 28 Nov, 2014 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks lost 0.78 percent on Thursday as a stronger yen took the wind out of the market ahead of the US Thanksgiving holiday. The Nikkei 225 index at the Tokyo Stock Exchange shed 135.08 points to finish at 17,248.50, while the Topix index of all fir
Published 28 Nov, 2014 12:00am
S&P ends at record high boosted by tech shares

S&P ends at record high boosted by tech shares

US stocks rose on Wednesday boosted by tech shares, with the S&P 500 and Dow industrials closing at records, while the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows. Hewlett-Packard, A
Published 28 Nov, 2014 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks were higher Thursday on buying in technology shares, helped by gains in overseas markets. As of 0219 GMT, the main TAIEX index had risen 61.96 points to 9184.35, after closing up 0.07 percent on Wednesday. The electronics subindex was up 0.8
Published 28 Nov, 2014 12:00am
US markets closed

US markets closed

US stocks, financial and commodity markets were closed on Thursday for Thanksgiving holiday while Friday will be a half-day session with the close at 1 pm (1800 GMT).
Published 28 Nov, 2014 12:00am
US yields drop on weak US data

US yields drop on weak US data

Benchmark US Treasury yields hit their lowest levels in over a month on Wednesday, while long-dated yields hit more than one-month lows for a second straight day on weaker-than-expected US economic data and continued low yields in Europe. A disappointing
Published 28 Nov, 2014 12:00am
US yields drop on weak US data

US yields drop on weak US data

Benchmark US Treasury yields hit their lowest levels in over a month on Wednesday, while long-dated yields hit more than one-month lows for a second straight day on weaker-than-expected US economic data and continued low yields in Europe. A disappointing
Published 28 Nov, 2014 12:00am
Indian shares edge higher

Indian shares edge higher

Indian shares edged up marginally on Thursday, led by buying in bluechips such as Infosys and Hindustan Unilever, while caution prevailed ahead of the release of economic growth data on Friday and the central bank's policy review due on December 2. India
Published 28 Nov, 2014 12:00am
Opec sinks energy firms to cap European share rally

Opec sinks energy firms to cap European share rally

Share price falls for energy firms capped gains for top European stocks on Thursday, after Opec resisted pressure to cut supply in the face of a global slump in the oil price. However, shares were able to edge higher, led up by the German DAX, which exten
Published 28 Nov, 2014 12:00am
South African stocks snap three-day losing streak

South African stocks snap three-day losing streak

South African stocks ended slightly higher on Thursday, breaking three straight days of losses as investors chased after bargains but a softer gold price hit mining shares. Truworths featured among the top gainers after the apparel retailer unveiled a dea
Published 28 Nov, 2014 12:00am
Southeast Asian markets: Philippine index near two-week low

Southeast Asian markets: Philippine index near two-week low

Philippine shares hit the lowest in nearly two weeks on Thursday after the country posted slower economic growth in the third quarter while most other indexes in Southeast Asia snapped rising streaks as energy related stocks fell in line with declining gl
Published 28 Nov, 2014 12:00am
FTSE lags eurozone peers as energy stocks plunge

FTSE lags eurozone peers as energy stocks plunge

Britain's top equity index lagged its continental peers on Thursday, held back by energy shares as crude prices plunged to fresh four-year lows after oil producing countries decided to keep output unchanged. Ministers from the Organisation of the Petroleu
Published 28 Nov, 2014 12:00am
Russian ruble falls sharply on Opec oil decision

Russian ruble falls sharply on Opec oil decision

Russia's ruble lost more than two percent against the dollar in response to the Opec oil cartel's decision to leave its collective output ceiling unchanged. The Russian currency was trading around 48 rubles to the greenback at 1550 GMT - nearly 2.5 percen
Published 28 Nov, 2014 12:00am
Indian rupee wedged in tight band

Indian rupee wedged in tight band

The Indian rupee ended slightly lower on Thursday after trading in a thin band through the day as demand for the greenback from importers to meet month-end commitments weighed despite the dollar's weakness against other Asian units. Sentiment was also cau
Published 28 Nov, 2014 12:00am
Dollar falls in Asia

Dollar falls in Asia

The dollar edged down against the yen on Thursday after lacklustre US economic data pushed Treasury yields lower and dulled investor appetite for the greenback. The dollar was down 0.2 percent at 117.555 yen, continuing its slow retreat from a seven-year
Published 28 Nov, 2014 12:00am
Euro dips against dollar in London

Euro dips against dollar in London

The euro fell against the dollar on Thursday after data showed German inflation sinking to its lowest since February 2010 in November, reinforcing bets the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown slid cro
Published 28 Nov, 2014 12:00am
Dollar falls against basket of currencies

Dollar falls against basket of currencies

The dollar fell against a basket of currencies on Wednesday as a batch of disappointing US data on consumers, housing and manufacturing raised concern that the world's biggest economy is losing momentum in the final months of 2014. Volume was lighter than
Published 28 Nov, 2014 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.69-77.70 (previous 77.67-77.68). Call Money Rates: 06.25-08.25 percent (* Previous 05.75-08.50 percent). (* revised).
Published 28 Nov, 2014 12:00am
China's yuan holds steady

China's yuan holds steady

China's yuan was little changed on Thursday, with strong corporate demand for dollars counteracting the eight-and-a-half-month high midpoint set by the central bank, traders said. By midday, spot yuan stood at 6.1392 per dollar, almost unchanged from Wedn
Published 28 Nov, 2014 12:00am
Egyptian pound steadies

Egyptian pound steadies

Egypt's pound held steady at a central bank dollar sale on Thursday but strengthened slightly on the unofficial market. The bank offered $40 million on Thursday and said it had sold $37.6 million at a cut-off price of 7.1401 pounds per dollar, unchanged f
Published 28 Nov, 2014 12:00am
Asian forex Philippine peso weakens

Asian forex Philippine peso weakens

The Philippine peso fell on Thursday after the economy weakened to its slowest pace in more than five years in the third quarter, while most emerging Asian currencies rose after soft US data pushed down Treasury yields and hurt the dollar. The peso eased
Published 28 Nov, 2014 12:00am
Sri Lankan rupee forwards firmer

Sri Lankan rupee forwards firmer

Sri Lankan rupee forwards gained on Thursday as exporters sold dollars after being away from the market recently due to the local currency's weakness, and as banks offloaded the green back to cover short positions. Importers stayed on the sidelines as mor
Published 28 Nov, 2014 12:00am
Sterling slumps against dollar

Sterling slumps against dollar

Sterling slumped half a percent against the dollar on Thursday, hit by a renewed fall in oil prices after Opec opted not to cut supply. Saudi Arabia blocked calls from poorer members of the oil exporter group for output cuts to arrest a slide in crude pri
Published 28 Nov, 2014 12:00am
Aussie rebounds

Aussie rebounds

The Australian dollar bounced off four-year lows on Thursday after an upbeat report on business spending, while the New Zealand dollar held steady. The Aussie edged up to $0.8564, from $0.8532, in a relief rally after Australian business investment rose b
Published 28 Nov, 2014 12:00am
Mandzukic treble helps Atletico into knock-out rounds

Mandzukic treble helps Atletico into knock-out rounds

Croatia striker Mario Mandzukic blasted a hat-trick as last year's beaten finalists Atletico Madrid booked their place in the knock-out rounds of the Champions League with a 4-0 win over Olympiakos on Wednesday. Juventus are in pole position to join the S
Published 28 Nov, 2014 12:00am
India tour game cancelled amid grief over Hughes

India tour game cancelled amid grief over Hughes

India's two-day tour match due to begin Friday has been cancelled following the shocking death of Australia Test batsman Phillip Hughes, Cricket Australia said on Thursday. The tourists were scheduled to begin a two-day game against a Cricket Australia XI
Published 28 Nov, 2014 12:00am
Basel face disciplinary action

Basel face disciplinary action

Swiss club FC Basel are to face disciplinary action from UEFA after a pitch invasion by their fans during their 1-0 home Champions League loss to Real Madrid on Wednesday. The case will be examined by European football's governing body on December 11.
Published 28 Nov, 2014 12:00am
Legends Classic Golf event begins

Legends Classic Golf event begins

The 'Legends Classic Golf' event, which is now a regular feature between golf players from Karachi and players of Lahore will tee off on Friday (today) at the par 72, Royal Palm Golf and Country Club Golf Course. The contest to be fought out over three da
Published 28 Nov, 2014 12:00am
New rules, please, as IPTL starts

New rules, please, as IPTL starts

Tennis heads into a brave new era this weekend when the International Premier Tennis League debuts its fast-paced, TV-friendly format which is already making waves in the sport. Scepticism has mingled with curiosity in the build-up to the team event, whic
Published 28 Nov, 2014 12:00am
Former Chelsea boss Grant appointed Ghana coach

Former Chelsea boss Grant appointed Ghana coach

Former Chelsea manager Avram Grant has officially been appointed as the new coach of Ghana's Black Stars, the country's football federation said Thursday. "All outstanding issues with Mr Grant have been cleared and we believe he is the right man for the j
Published 28 Nov, 2014 12:00am
PCB condoles on Phillip Hughes death

PCB condoles on Phillip Hughes death

hairman PCB Shaharyar Mohammad Khan, COO Subhan Ahmad and the entire Board staff and cricket fraternity in Pakistan was deeply saddened by the passing away of Phillip Hughes. "It's a sad day for cricket. We share the grief of Phil Hughes' untimely and tra
Published 28 Nov, 2014 12:00am
Pakistan-New Zealand play abandoned

Pakistan-New Zealand play abandoned

The second day's play in the third Test between Pakistan and New Zealand was abandoned Thursday as mark of respect for Australia's Phillip Hughes. The 26-year-old Hughes, who won 26 Test caps, died Thursday of injuries sustained when hit by a short-pitche
Published 28 Nov, 2014 12:00am
Waqar fears for Abbott's future after Hughes' death

Waqar fears for Abbott's future after Hughes' death

Pakistan great Waqar Younis questioned whether Sean Abbott would continue in cricket after delivering the ball that led to the death on Thursday of Australian batsman Phillip Hughes. The cricket world was united in grief after it was announced that Hughes
Published 28 Nov, 2014 12:00am
Wigan chairman Whelan charged over remarks

Wigan chairman Whelan charged over remarks

Wigan Athletic chairman Dave Whelan was charged by the Football Association on Thursday after allegedly making racially insensitive remarks in an interview with a British newspaper. "It is alleged the Wigan Athletic chairman breached FA Rule E3[1] in that
Published 28 Nov, 2014 12:00am
Pele in 'special care' as condition worsens

Pele in 'special care' as condition worsens

Brazil great Pele, 74, was on Thursday taken into a special care unit in a Sao Paulo hospital after his health worsened, three days after being admitted with a urinary infection, the hospital confirmed. "Edson Arantes do Nascimento (Pele) remains in hospi
Published 28 Nov, 2014 12:00am
FIFA bans Indian official for taking bribe

FIFA bans Indian official for taking bribe

Former Indian football chief Alberto Colaco has been banned for three years by world football governing body FIFA for taking a bribe. Colaco, the former All India Football Secretary General, was found guilty of having "accepted a payment in the context of
Published 28 Nov, 2014 12:00am
Phillip Hughes, talented young batsman loved by all

Phillip Hughes, talented young batsman loved by all

He was a country boy whose love for the "Baggy Green" took him all the way from a rural Australian town to the bright lights of international cricket when he made his Test debut aged just 20 in South Africa. But despite breaking records on that tour and a
Published 28 Nov, 2014 12:00am
Red Cross calls for record $1.7 billion to cover 2015 aid

Red Cross calls for record $1.7 billion to cover 2015 aid

The Red Cross said Thursday it will need a record $1.68 billion (1.26 billion euros) to cover its humanitarian activities next year, amid soaring needs for aid in conflict-hit countries like Syria, Iraq and Ukraine. "This record budget is required to meet
Published 28 Nov, 2014 12:00am
Ukraine confirms pro-Western Prime Minister with mammoth tasks ahead

Ukraine confirms pro-Western Prime Minister with mammoth tasks ahead

Ukraine's parliament on Thursday confirmed pro-Western Arseniy Yatsenyuk as premier to lead a new coalition government, while fresh attacks in the east provided a reminder of the steep challenges ahead. In a widely expected move, the Verkhovna Rada parlia
Published 28 Nov, 2014 12:00am
Portugal's former Prime Minister brands corruption probe 'absurd'

Portugal's former Prime Minister brands corruption probe 'absurd'

Portugal's former prime minister Jose Socrates, who has been detained on suspicion of tax evasion and money laundering, angrily dismissed the allegations against him as absurd, in a letter published Thursday. The emblematic Socialist figure has been in cu
Published 28 Nov, 2014 12:00am
Food poisoning bug found on 70 percent of UK chickens

Food poisoning bug found on 70 percent of UK chickens

Some 70 percent of fresh chickens on sale in Britain are contaminated with a food poisoning bug, the Food Standards Agency (FSA) said on Thursday, warning that retailers must raise their game. A six-month survey of chilled whole birds found that 18 percen
Published 28 Nov, 2014 12:00am
Damascus, Moscow back UN 'freeze' plan: minister

Damascus, Moscow back UN 'freeze' plan: minister

The Syrian regime and key ally Russia have agreed to support a UN proposal to suspend fighting in the battered northern city of Aleppo, Syrian Foreign Minister Walid Muallem said. Muallem's remarks, reported by state news agency SANA, followed a meeting b
Published 28 Nov, 2014 12:00am
EU adds 18 Ukrainian separatist groups, individuals to blacklist

EU adds 18 Ukrainian separatist groups, individuals to blacklist

The European Union on Thursday added five separatist groups and 13 individuals to a blacklist for their role in elections this month in rebel-held eastern Ukraine, diplomatic sources said. The decision taken by the 28 EU ambassadors "responds to the separ
Published 28 Nov, 2014 12:00am
Khamenei backs nuclear talks extension

Khamenei backs nuclear talks extension

Iran's supreme leader Ali Khamenei said Thursday he supported the decision to extend talks with world powers in search of a nuclear agreement, after a missed deadline for a deal. "For the same reason I was not opposed to the negotiations, I am not opposed
Published 28 Nov, 2014 12:00am
One dead in Indonesian protest against fuel price hike

One dead in Indonesian protest against fuel price hike

A protester died Thursday as a stone-throwing crowd clashed with police in central Indonesia during a demonstration against a dramatic increase in fuel prices, police said. The 27-year-old man was found in the street after police fired tear gas and water
Published 28 Nov, 2014 12:00am
Canada resumes Burkina Faso aid after civilian rule restored

Canada resumes Burkina Faso aid after civilian rule restored

Canada lifted its suspension of aid to Burkina Faso on Thursday, saying it is satisfied that civilian rule has been restored after the military seized power last month. "We are satisfied that a legitimate and accountable civil authority is leading Burkina
Published 28 Nov, 2014 12:00am
Ferguson calm as new US police shooting in spotlight

Ferguson calm as new US police shooting in spotlight

The streets of Ferguson were calm Thursday on the Thanksgiving holiday, but video showing Cleveland police shooting dead a young black boy could once again inflame simmering tensions over race and justice in America. Ferguson, a suburb of St Louis, has se
Published 28 Nov, 2014 12:00am
Brazil leader names pro-market Levy as finance minister

Brazil leader names pro-market Levy as finance minister

Brazilian President Dilma Rousseff on Thursday named Joaquim Levy, widely regarded as a pro-market figure, to be her new finance minister as her government looks to steer the economy out of recession. Levy, 53, was previously chief executive officer of Br
Published 28 Nov, 2014 12:00am
Brazil leader names pro-market Levy as finance minister

Brazil leader names pro-market Levy as finance minister

Brazilian President Dilma Rousseff on Thursday named Joaquim Levy, widely regarded as a pro-market figure, to be her new finance minister as her government looks to steer the economy out of recession. Levy, 53, was previously chief executive officer of Br
Published 28 Nov, 2014 12:00am
Spanish Prime Minister pushes for new laws after graft scandal

Spanish Prime Minister pushes for new laws after graft scandal

Spanish Prime Minister Mariano Rajoy on Thursday pushed for the rapid adoption of new laws aimed at tightening political party accounting rules, after his health minister resigned in the latest in a string of corruption scandals. Ana Mato stepped down on
Published 28 Nov, 2014 12:00am
British MP loses libel case over foul-mouthed rant

British MP loses libel case over foul-mouthed rant

Former British government minister Andrew Mitchell on Thursday lost a lawsuit accusing a policeman of lying about an angry exchange they had which cost the lawmaker his job. A judge ruled that Mitchell probably did refer to constable Toby Rowland as a "pl
Published 28 Nov, 2014 12:00am
Turkey jails professor for 'denying headscarved student entry'

Turkey jails professor for 'denying headscarved student entry'

A prominent Turkish professor on Thursday began a jail sentence after being convicted of preventing a female student wearing a Muslim headscarf from entering the university where he worked, his lawyer said. Rennan Pekunlu, a former professor of astrophysi
Published 28 Nov, 2014 12:00am
Sierra Leoneans go hungry as Ebola target proves elusive

Sierra Leoneans go hungry as Ebola target proves elusive

Sierra Leoneans are going hungry as the Ebola outbreak devastates farming, the United Nations said Thursday, admitting it was missing its much-touted targets for beating the deadly epidemic. The UN's Food and Agriculture Organisation (FAO) released prelim
Published 28 Nov, 2014 12:00am
Afghan senate approves foreign troops staying on

Afghan senate approves foreign troops staying on

Afghanistan's upper house of parliament on Thursday approved two agreements with the US and Nato allowing about 12,500 troops to remain in the country next year as concerns grow over the worsening insurgency. The Bilateral Security Agreement (BSA) with th
Published 28 Nov, 2014 12:00am
Interpol launches hunt for former 'Putin banker'

Interpol launches hunt for former 'Putin banker'

Interpol has launched a hunt for a powerful Kremlin insider turned critic who was once known as "Putin's banker" but more recently ran into bankruptcy and fled the country. Russian authorities accuse Sergei Pugachyov of stealing state money issued to supp
Published 28 Nov, 2014 12:00am
Gulf, Asia approve steps to protect foreign workers

Gulf, Asia approve steps to protect foreign workers

Gulf and Asian labour ministers agreed Thursday on a series of initiatives aimed at boosting protection and improving conditions of employment for millions of foreign workers in the Gulf, officials said. The deal followed two days of talks between ministe
Published 28 Nov, 2014 12:00am
Israeli patrol comes under fire near Gaza

Israeli patrol comes under fire near Gaza

Suspected Palestinian gunmen in Gaza shot at an Israeli military jeep near the border Thursday, drawing retaliatory tank fire into the Palestinian enclave, the army said. Medical sources in Gaza said nobody was wounded in the exchange. "Shots were fired f
Published 28 Nov, 2014 12:00am
UN declares Gaza City emergency for floods

UN declares Gaza City emergency for floods

A United Nations agency declared a state of "emergency" in Gaza City on Thursday, after two days of heavy rains and flooding in the war-ravaged Palestinian enclave. "Hundreds of residents in the flooded areas around Sheikh Radwan storm water lagoon have e
Published 28 Nov, 2014 12:00am
Most of world's poorest nations stuck in a structural rut: UN

Most of world's poorest nations stuck in a structural rut: UN

The planet's poorest nations like Ethiopia, Malawi and Angola have failed to cash in on strong economic growth due to a lack of structural reforms and left them wallowing in poverty, the UN warned Thursday. In its annual report on the world's least develo
Published 28 Nov, 2014 12:00am
Scotland to be granted income tax autonomy

Scotland to be granted income tax autonomy

Scotland is set to get sweeping new powers including setting its own income tax rates, under plans unveiled Thursday by a cross-party commission on greater devolution. "The recommendations in the agreement will result in the biggest transfer of powers to
Published 28 Nov, 2014 12:00am
Europeans and Africans promise new approach on migration

Europeans and Africans promise new approach on migration

Ministers from 58 European and African states on Thursday pledged to adopt a new co-ordinated approach to migration that goes beyond the single issue of policing borders. The fourth round of talks between European countries and their Mediterranean neighbo
Published 28 Nov, 2014 12:00am
Australian author's AFL rape book wins UK award

Australian author's AFL rape book wins UK award

An investigation into the rape trial of an Australian Rules footballer and its wider ramifications for the country's sporting culture was on Thursday awarded Britain's leading sports book prize. "Night Games" by Melbourne-born journalist Anna Krien won th
Published 28 Nov, 2014 12:00am
Thousands without power on Thanksgiving after US storm

Thousands without power on Thanksgiving after US storm

A winter storm that wreaked travel chaos across the US north-east wound down Thursday, but hundreds of thousands of people were left without power on the Thanksgiving holiday. About 300,000 people suffered power outages in the wake of the storm, Accuweath
Published 28 Nov, 2014 12:00am
Oil prices dive after Opec decides against output cut

Oil prices dive after Opec decides against output cut

Brent crude oil plunged as much as $6.50 a barrel on Thursday, and US crude fell by nearly as much, posting the steepest one-day falls since 2011, after Opec decided against cutting output despite a huge oversupply in world markets. Asked whether the oil
Published 28 Nov, 2014 12:00am
Shanghai copper slips

Shanghai copper slips

The most traded February copper contract on the Shanghai Futures Exchange slipped by 0.3 percent to 46,720 yuan ($7,611 a tonne) on Thursday as a softer dollar offset concerns over demand growth in top consumer China. China's central bank refrained from d
Published 28 Nov, 2014 12:00am
Copper down as dollar rises, China easing supports

Copper down as dollar rises, China easing supports

Copper prices slipped on Thursday, weighed down by a strong dollar, although further falls were capped by support from monetary easing in top consumer China and an upturn in economic sentiment in Europe while a strong dollar capped gains. Three-month copp
Published 28 Nov, 2014 12:00am
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