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Print - 2015-01-01
NBP launches first ATM Point service

NBP launches first ATM Point service

For the ease, comfort and care of NBP customers, National Bank of Pakistan (NBP) is in the process of setting up "NBP ATM POINT" which will comprise centres of 4-6 ATMs at various locations in the country, first of which was launched on Wednesday at NBP S
Published 01 Jan, 2015 12:00am
First AirAsia bodies arrive as bad weather hampers recovery

First AirAsia bodies arrive as bad weather hampers recovery

Soldiers acting as pall bearers Wednesday carried coffins containing the first two bodies from AirAsia Flight QZ8501 into Indonesia's Surabaya airport, from which the ill-fated plane departed, as sombre relatives gave their DNA to help identify loved ones
Published 01 Jan, 2015 12:00am
First AirAsia bodies arrive as bad weather hampers recovery

First AirAsia bodies arrive as bad weather hampers recovery

Soldiers acting as pall bearers Wednesday carried coffins containing the first two bodies from AirAsia Flight QZ8501 into Indonesia's Surabaya airport, from which the ill-fated plane departed, as sombre relatives gave their DNA to help identify loved ones
Published 01 Jan, 2015 12:00am
NOC by NAB: SBP bars banks from carrying out settlements with defaulters

NOC by NAB: SBP bars banks from carrying out settlements with defaulters

State Bank of Pakistan (SBP) has barred the financial institutions from carrying out settlements with defaulters without obtaining a Non-Objection Certificate (NOC) from chairman National Accountability Bureau (NAB). As per new directives, while requestin
Published 01 Jan, 2015 12:00am
NOC by NAB: SBP bars banks from carrying out settlements with defaulters

NOC by NAB: SBP bars banks from carrying out settlements with defaulters

State Bank of Pakistan (SBP) has barred the financial institutions from carrying out settlements with defaulters without obtaining a Non-Objection Certificate (NOC) from chairman National Accountability Bureau (NAB). As per new directives, while requestin
Published 01 Jan, 2015 12:00am
NOC by NAB: SBP bars banks from carrying out settlements with defaulters

NOC by NAB: SBP bars banks from carrying out settlements with defaulters

State Bank of Pakistan (SBP) has barred the financial institutions from carrying out settlements with defaulters without obtaining a Non-Objection Certificate (NOC) from chairman National Accountability Bureau (NAB). As per new directives, while requestin
Published 01 Jan, 2015 12:00am
Palestinians turn to ICC after UN bid fails

Palestinians turn to ICC after UN bid fails

President Mahmud Abbas Wednesday signed a Palestinian request to join the International Criminal Court, seeking a new avenue for action against Israel after a failed UN resolution on ending the occupation. The Palestinians hope ICC membership will pave th
Published 01 Jan, 2015 12:00am
Palestinians turn to ICC after UN bid fails

Palestinians turn to ICC after UN bid fails

President Mahmud Abbas Wednesday signed a Palestinian request to join the International Criminal Court, seeking a new avenue for action against Israel after a failed UN resolution on ending the occupation. The Palestinians hope ICC membership will pave th
Published 01 Jan, 2015 12:00am
Greece dissolves parliament for January ballot

Greece dissolves parliament for January ballot

Greece's parliament was dissolved Wednesday ahead of an early election watched warily by markets and international creditors concerned that the austerity-weary country could starting unwinding unpopular fiscal reforms. A statement from the chamber said th
Published 01 Jan, 2015 12:00am
Greece dissolves parliament for January ballot

Greece dissolves parliament for January ballot

Greece's parliament was dissolved Wednesday ahead of an early election watched warily by markets and international creditors concerned that the austerity-weary country could starting unwinding unpopular fiscal reforms. A statement from the chamber said th
Published 01 Jan, 2015 12:00am
Ailing King Abdullah admitted to hospital

Ailing King Abdullah admitted to hospital

Saudi Arabia's ailing King Abdullah was admitted to hospital on Wednesday for "medical checks," the royal court said, with the country's stock market falling sharply following the news. The king, whose age and frequent hospitalisation have raised concerns
Published 01 Jan, 2015 12:00am
Ailing King Abdullah admitted to hospital

Ailing King Abdullah admitted to hospital

Saudi Arabia's ailing King Abdullah was admitted to hospital on Wednesday for "medical checks," the royal court said, with the country's stock market falling sharply following the news. The king, whose age and frequent hospitalisation have raised concerns
Published 01 Jan, 2015 12:00am
Economy: 2015 to be fraught with new challenges

Economy: 2015 to be fraught with new challenges

Calendar year 2014 was marked by the PML-N government claiming that it embarked on a politically challenging economic reform agenda with some positive outcomes. The extent of the ailing economy, government supporters further pointed out, remained impedime
Published 01 Jan, 2015 12:00am
VIEWPOINT: The military courts debate

VIEWPOINT: The military courts debate

No issue has generated as much confusion and controversy in this country as has a hesitant go-ahead the recent parliamentary parties' meeting gave to a government proposal for the establishment of military courts to try terrorists. The main opposition par
Published 01 Jan, 2015 12:00am
Customs: need of a proactive and action-oriented approach

Customs: need of a proactive and action-oriented approach

Both legal and illegal trade is expanding in an increasingly globalised world, customs administrations are required to identify and understand the key international, regional and national strategic drivers in order to respond appropriately. Though most cu
Published 01 Jan, 2015 12:00am
Dr Pasha's article: rejoinder

Dr Pasha's article: rejoinder

This refers to an article by Dr Hafiz A. Pasha, "The IMF targets" with respect to IMF report on the fourth and fifth Reviews of the EFF with Pakistan. The writer is of the view that the Review contains projections of the economic outcome for the year 2014
Published 01 Jan, 2015 12:00am
Shortage of sessions court judges

Shortage of sessions court judges

The Chief Justice of Sindh High Court has made a profound observation in relation to the paucity of judges. According to him, the appointment of sessions judges as presiding officers of anti-terrorism courts will constitute a serious challenge due to thei
Published 01 Jan, 2015 12:00am
MoP internal audit: PAC panel concerned over weak mechanism

MoP internal audit: PAC panel concerned over weak mechanism

The sub-committee of the Public Accounts Committee (PAC) Wednesday examined the audit paras of the Ministry of Petroleum and Natural Resources and expressed concern over the weak internal audit mechanism. The sub-committee was met under the chairmanship o
Published 01 Jan, 2015 12:00am
Imran denies reports of remarriage

Imran denies reports of remarriage

Pakistan Tehrik-e-Insaf chief Imran Khan finally broke his silence on Wednesday and rubbished his marriage reports with a private television anchorperson. He, however, rejected rumours in a tweet, saying: "The reports of my marriage are greatly exaggerate
Published 01 Jan, 2015 12:00am
Iran denies new gas pact with Pakistan

Iran denies new gas pact with Pakistan

Iran's Oil Ministry has dismissed claims of a new agreement with its eastern neighbour Pakistan on an incomplete gas pipeline project. "New agreements on Iran-Pakistan gas pipeline are not true," Iran's Petroleum Ministry said. It was reacting to remarks
Published 01 Jan, 2015 12:00am
PSO skips January fuel oil imports for first time

PSO skips January fuel oil imports for first time

Pakistan State Oil (PSO) is skipping January imports of high sulphur fuel oil for the first time and is reducing its overall fuel oil imports in February to March by about 80 percent from a year earlier, sources with direct knowledge of the matter said.
Published 01 Jan, 2015 12:00am
Chinese CG meets Shahbaz, condemns Peshawar tragedy

Chinese CG meets Shahbaz, condemns Peshawar tragedy

First Consul General of China in Lahore Yu Boren met Punjab Chief Minister Shahbaz Sharif, here on Wednesday. Matters of mutual interest, bilateral relations and co-operation in various sectors were discussed at the meeting. The Chinese Consul General str
Published 01 Jan, 2015 12:00am
APAT condemns GST raise on petroleum products

APAT condemns GST raise on petroleum products

All Pakistan Anjuman-e-Tajiran's Central General Secretary Naeem Mir has criticised the government's move of increasing General Sales Tax (GST) on petroleum products from 17 percent to 22 percent cutting relief for consumers of an estimated five billion r
Published 01 Jan, 2015 12:00am
APAT condemns GST raise on petroleum products

APAT condemns GST raise on petroleum products

All Pakistan Anjuman-e-Tajiran's Central General Secretary Naeem Mir has criticised the government's move of increasing General Sales Tax (GST) on petroleum products from 17 percent to 22 percent cutting relief for consumers of an estimated five billion r
Published 01 Jan, 2015 12:00am
APAT condemns GST raise on petroleum products

APAT condemns GST raise on petroleum products

All Pakistan Anjuman-e-Tajiran''s Central General Secretary Naeem Mir has criticised the government''s move of increasing General Sales Tax (GST) on petroleum products from 17 percent to 22 percent cutting relief for consumers of an estimated five billion
Published 01 Jan, 2015 12:00am
Import of food items: TDAP holds seminar on Russian market opportunities

Import of food items: TDAP holds seminar on Russian market opportunities

Trade Development Authority of Pakistan (TDAP) has organised a seminar on market opportunities and regulatory regimes of Russian Federation regarding import of food items here on Wednesday. The main purpose of the seminar was to create awareness among the
Published 01 Jan, 2015 12:00am
Import of food items: TDAP holds seminar on Russian market opportunities

Import of food items: TDAP holds seminar on Russian market opportunities

Trade Development Authority of Pakistan (TDAP) has organised a seminar on market opportunities and regulatory regimes of Russian Federation regarding import of food items here on Wednesday. The main purpose of the seminar was to create awareness among the
Published 01 Jan, 2015 12:00am
Plastic industry: LCCI for setting up of industrial zone

Plastic industry: LCCI for setting up of industrial zone

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to establish an industrial zone for plastic industry of Punjab and stop smuggling of plastic raw material and finished goods with iron hands. LCCI Vice President Syed Mahmood Ghaz
Published 01 Jan, 2015 12:00am
Civil societies observe strike amid protest by shopkeepers

Civil societies observe strike amid protest by shopkeepers

Trade and business activities on Wednesday remained suspended in some parts of the city on the call of a civil society group called `The 16/12 Forum'. The forum had given a call for observing a shutter-down and wheel-jam strike in Peshawar to mourn the de
Published 01 Jan, 2015 12:00am
CJ LHC directs ATCs to expedite disposal of cases

CJ LHC directs ATCs to expedite disposal of cases

The Lahore High Court Chief Justice Khwaja Imtiaz Ahmad here on Wednesday directed the Anti Terrorism Courts in Punjab to expedite disposal of cases. The Chief Justice was chairing a meeting to review disposal of cases registered under Anti Terrorism Act,
Published 01 Jan, 2015 12:00am
TDAP, SCCI hold seminar for Kinnow exporters

TDAP, SCCI hold seminar for Kinnow exporters

Trade Development Authority of Pakistan (TDAP) Faisalabad in collaboration with Sargodha Chamber of Commerce and Industry (SCCI) organised a seminar on export of kinnow/citrus here on Wednesday, which was attended by a large number of kinnow growers and e
Published 01 Jan, 2015 12:00am
Teradata Corporation official meets Punjab chief minister

Teradata Corporation official meets Punjab chief minister

Chief Technology Officer of Teradata Corporation Dr Stephen Borbst called on Punjab Chief Minister Shahbaz Sharif. Importance of data analysis technology and its utilisation was discussed at the meeting. Speaking on the occasion, the Chief Minister said P
Published 01 Jan, 2015 12:00am
Shahbaz reviews progress of Land Record Management Information System

Shahbaz reviews progress of Land Record Management Information System

Punjab Chief Minister Shahbaz Sharif presided over a high-level meeting here on Wednesday which reviewed in detail the progress of Land Record Management Information System. Addressing the meeting, the Chief Minister said land record computerisation servi
Published 01 Jan, 2015 12:00am
PIAF urges Prime Minister to declare 2015 as year of energy generation

PIAF urges Prime Minister to declare 2015 as year of energy generation

Pakistan Industrial and Traders Association Front (PIAF) on Wednesday urged Prime Minister Nawaz Sharif to declare year 2015 as year of energy generation. The PIAF Chairman Malik Tahir Javed in a statement said that energy crisis is the mother of all econ
Published 01 Jan, 2015 12:00am
'SAARC forum provides opportunity to resolve major regional issues'

'SAARC forum provides opportunity to resolve major regional issues'

Multan Chamber of Commerce and Industry (MCCI) President Mian Iqbal Hassan has suggested that the SAARC forum was again providing the chance for our leaders to resolve major regional issues. Otherwise no one can stop the nuclear war on water issues betwee
Published 01 Jan, 2015 12:00am
Demand for security devices increases

Demand for security devices increases

Demand for surveillance equipment and CCTV cameras in the city has gone through the ceiling. "We are not only receiving huge number of inquiries about CCTVs and accompanying video recorders from schools but other organisations as well," said Mohammad Anwa
Published 01 Jan, 2015 12:00am
Altaf calls for inquiry into MQM worker's murder

Altaf calls for inquiry into MQM worker's murder

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain on Wednesday called on the government to take action against the officials involved in the extra judicial killing of MQM worker who was arrested from the airport. In a statement, he also demanded of the p
Published 01 Jan, 2015 12:00am
JI chief blames US for subduing world through coercive policies

JI chief blames US for subduing world through coercive policies

Chief of Jamaat-i-Islami (JI) Siraj-ul-Haq on Wednesday blamed the US for subduing the world through its coercive policies, saying that the global conspiracies were responsible for unrest in Muslim countries. Speaking at the Rehmat-ul-Aalameen Conference,
Published 01 Jan, 2015 12:00am
Ikhtiar Baig's biography 'A Limitless Pakistani' launched

Ikhtiar Baig's biography 'A Limitless Pakistani' launched

The biography of Dr Mirza Ikhtiar Baig, Former Advisor to Prime Minister and Chairman Baig Group, titled as "A Limitless Pakistani" was launched by Mohsin-e-Pakistan Dr Abdul Qadeer Khan. Speakers highlighted various aspects of Dr Baig's life as an indust
Published 01 Jan, 2015 12:00am
Third round LG polls held peacefully in Balochistan

Third round LG polls held peacefully in Balochistan

Polling for the third round of Local Government elections ended peacefully across the province, here on Wednesday. Election Commissioner Balochistan, Syed Sultan Bayazid said that the polling for 612 seats of labourers and peasants out of total 1,486 duri
Published 01 Jan, 2015 12:00am
23 terrorists killed in NWA aerial strikes

23 terrorists killed in NWA aerial strikes

At least 23 terrorists were killed and four of their hideouts destroyed in aerial strikes of security forces in North Waziristan Agency (NWA) on Wednesday evening. Inter-Services Public Relations (ISPR) said that jet fighters targeted suspected hideouts o
Published 01 Jan, 2015 12:00am
Seven killed, 7 hurt as van falls in deep ravine

Seven killed, 7 hurt as van falls in deep ravine

At least seven people were died and seven others injured when a passenger van fell into a deep ravine at Asghar Abad, some 10 kilometres away from here on Wednesday, Police said. Sources further said the van was coming from Rawalpindi to Muzaffarabad, and
Published 01 Jan, 2015 12:00am
PAL observes 100th death anniversary of Maulana Hali

PAL observes 100th death anniversary of Maulana Hali

"Maulana Altaf Hussain Hali is such a personality of our literature who kept the basement of new poetry with Muhammad Hussain Azad and in criticism he is regarded as the pioneer." Former Rector International Islamic University Islamabad (IIUI) Professor F
Published 01 Jan, 2015 12:00am
National Management College delegation visits NTDCL

National Management College delegation visits NTDCL

National Transmission and Despatch Company Limited (NTDCL) has commissioned One 500 kV grid station and eight 220 kV grid stations along with hundreds of kilometres transmission line during last six months across the country. The addition of new capacitie
Published 01 Jan, 2015 12:00am
Reshuffles in Punjab bureaucracy

Reshuffles in Punjab bureaucracy

Punjab government has reshuffled several officers, including six administrative secretaries and two Divisional Commissioners, on Tuesday. As per notification Secretary Services Mubashar Raza has been transferred and posted as Additional Chief Secretary (A
Published 01 Jan, 2015 12:00am
Allama Iqbal Airport shuts down for two hours

Allama Iqbal Airport shuts down for two hours

Allama Iqbal International Airport shuts down for two hours after Pakistan International Airlines (PIA) flight PK-758 from London developed a technical fault after landing on Wednesday and hence could not move on to the parking area. It was reported that
Published 01 Jan, 2015 12:00am
'Smeda providing commendable services for SME development'

'Smeda providing commendable services for SME development'

"The Small and Medium Enterprises Development Authority (Smeda), despite being a lean organisation with scarce resources, is providing commendable services for development of SME sector in Pakistan." Toaha Hussain Bugti, Director Staff, Senior Management
Published 01 Jan, 2015 12:00am
Potato emerges as main cash crop in Chitral, other valleys

Potato emerges as main cash crop in Chitral, other valleys

During the last two decades potato has emerged as the main cash crop of the high mountain region including Chitral and several other valleys. In Gobor and Golain valleys of Chitral most of the farmers rely solely on this crop to make a living.
Published 01 Jan, 2015 12:00am
SKMH celebrates 20th year of hospital

SKMH celebrates 20th year of hospital

Shaukat Khanum Memorial Cancer Hospital and Research Centre's organised a cake cutting ceremony in the hospital to celebrate 20th year of hospital. A large number of cancer patients, hospital management and employees were present on the occasion.
Published 01 Jan, 2015 12:00am
Timber Market affectees: KE waives off outstanding electricity dues

Timber Market affectees: KE waives off outstanding electricity dues

Showing solidarity with the tragic incident of the Timber Market inferno, K-Electric (KE) has announced relief by waiving off the outstanding dues of the residential and commercial affectees of the Timber Market. Also, KE has announced that until the cons
Published 01 Jan, 2015 12:00am
UHS workshop for pathologists concludes

UHS workshop for pathologists concludes

A two-day workshop on "Practical Approach to Diagnostic Gastrointestinal (GI) and Liver Pathology," organised by Pathology Department of the University of Health Sciences (UHS) concluded here on Wednesday. The workshop was facilitated by senior consultant
Published 01 Jan, 2015 12:00am
Man killed, four injured in Karachi violence

Man killed, four injured in Karachi violence

A man was killed while four others injured in different incidents of violence in Karachi on Wednesday. According to police and rescue sources, Muhammad Irshad, son of Muhammad Ibrahim, a worker of Jamaat-i-Islami (JI), was shot dead by unknown people in N
Published 01 Jan, 2015 12:00am
PAAPAM critical of PAIP 2014-19 formulation process

PAAPAM critical of PAIP 2014-19 formulation process

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has expressed concern over the process to formulate Pakistan Auto Industry Plan (PAIP) 2014-19. In a letter sent to Prime Minister Nawaz Sharif, PAAPAM said after an initial flu
Published 01 Jan, 2015 12:00am
145 cops among 2,721 people killed in 2014

145 cops among 2,721 people killed in 2014

As many as 2,721 people lost their lives in 2014 in different incidents of targeted killings in the city amid the ongoing operation against hardened criminals. The unabated targeted killings on sectarian, ethnic, and political grounds continued throughout
Published 01 Jan, 2015 12:00am
Indus University convocation 350 students awarded degrees

Indus University convocation 350 students awarded degrees

Some 350 students were awarded degrees at the 5th convocation of the Indus University held here on Wednesday at Expo Center. Speaking as the chief guest on the occasion, Sindh Minister for Education Nisar Khuhro, congratulated the passing out students and
Published 01 Jan, 2015 12:00am
KP Police hold security awareness workshop

KP Police hold security awareness workshop

Khyber Pakhtunkhwa organised a security awareness workshop for the public and private educational institutions across the province here on Wednesday. The event was attended by Secretary Education, all District Education Officers of the province and repres
Published 01 Jan, 2015 12:00am
Navy holds Annual Fleet Efficiency Competition Parade

Navy holds Annual Fleet Efficiency Competition Parade

Pakistan Navy (PN) Annual Fleet Efficiency Competition Parade (ECP) for the year 2014 was held at PN Dockyard here on Wednesday. Chief of the Naval Staff, Admiral Muhammad Zakaullah graced the occasion as a chief guest. The Efficiency Competition Parade i
Published 01 Jan, 2015 12:00am
50 Hindu couples to tie nuptial knot tomorrow

50 Hindu couples to tie nuptial knot tomorrow

Fifty Hindu couples from poor families are going to tie knot during the Combined Marriages Programme, to be organised by Pakistan Hindu Council (PHC), at YMCA Ground, here on January 2. This was announced by Patron-in-chief of Pakistan Hindu Council and M
Published 01 Jan, 2015 12:00am
Supreme Court seeks NAB comments on buying APCs from Serbia

Supreme Court seeks NAB comments on buying APCs from Serbia

The Supreme Court on Wednesday while adjourning till Thursday an application against the controversial procurement of armoured personnel carriers (APCs) for security agencies, summoned comments from the National Accountability Bureau (NAB) in the matter.
Published 01 Jan, 2015 12:00am
Small traders call for effective firefighting system

Small traders call for effective firefighting system

Small traders on Wednesday called for dismantling of the deficient Fire Brigade department that failed to respond to the weekend blaze, which turned billion of rupees residential and commercial property into ashes at Timber Market. Fire continued for over
Published 01 Jan, 2015 12:00am
Punjab Sports Festival-2015: Rs 2 billion Sports Endowment Fund set up

Punjab Sports Festival-2015: Rs 2 billion Sports Endowment Fund set up

The Punjab government has set up an endowment fund with a sum of Rs 1 billion for the promotion of sports. This fund is helping poor but talented players to move forward. This was stated by Pakistan Muslim League-N Central Leader Hamza Shahbaz Sharif MNA
Published 01 Jan, 2015 12:00am
Putin sends New Year's greetings to Obama

Putin sends New Year's greetings to Obama

Russian President Vladimir Putin on Wednesday sent a New Year's greeting to US counterpart Barack Obama, saying the two countries share mutual responsibility to ensure world peace. In a statement showing Putin's New Year's messages to heads of state acros
Published 01 Jan, 2015 12:00am
Catastrophe avoided as runaway ship stopped off Italy

Catastrophe avoided as runaway ship stopped off Italy

Italy's coastguard said Wednesday it had narrowly averted a catastrophe by intercepting a runaway freighter that was on a collision course with the country's rocky shoreline with 768 people on board. In the second major maritime drama of recent days, offi
Published 01 Jan, 2015 12:00am
Djibouti government reaches political deal with opposition

Djibouti government reaches political deal with opposition

Djibouti's government announced Wednesday it had reached a deal with the Horn of Africa country's main opposition party following 18 months of negotiations. The deal, seen as crucial for the stability of the strategic nation, paves the way for the opposit
Published 01 Jan, 2015 12:00am
Syria vows government posts to relatives of 'martyrs'

Syria vows government posts to relatives of 'martyrs'

Syria will award 50 percent of vacant government posts to relatives of soldiers and government employees killed or paralysed in the country's conflict, according to a law issued on Wednesday. The law, decreed by President Bashar al-Assad after passing par
Published 01 Jan, 2015 12:00am
Essebsi sworn in as Tunisia president

Essebsi sworn in as Tunisia president

Anti-Islamist Beji Caid Essebsi, 88, was sworn in Wednesday as Tunisia's first freely elected president vowing to work for national reconciliation, four years after an uprising that sparked the Arab Spring. The election of Essebsi, a veteran of previous r
Published 01 Jan, 2015 12:00am
Yemen suicide bomber kills 33

Yemen suicide bomber kills 33

A suicide bomber dressed as a woman killed 33 people in central Yemen on Wednesday when he blew himself up at a celebration by Shia militia supporters, medical and security sources said. Dozens of people were also wounded in the attack in the mainly Sunni
Published 01 Jan, 2015 12:00am
Hong Kong fireworks dazzle as Asia leads global New Year party

Hong Kong fireworks dazzle as Asia leads global New Year party

A huge display of fireworks lit up Hong Kong on Thursday, with brilliant bursts of colour over Victoria Harbour as the Chinese city rang in 2015 in spectacular style, launching the party for millions across Asia. From New Delhi to Dubai, Johannesburg, New
Published 01 Jan, 2015 12:00am
US releases five Guantanamo inmates to Kazakhstan

US releases five Guantanamo inmates to Kazakhstan

The United States has sent five detainees from the prison at Guantanamo Bay to Kazakhstan, marking a renewed push by President Barack Obama to close the controversial jail. Two Tunisian and three Yemeni inmates who had spent more than 11 years behind bars
Published 01 Jan, 2015 12:00am
At least 35 killed in Burundi clashes

At least 35 killed in Burundi clashes

At least 35 people are now confirmed to have been killed in clashes between Burundi's army and members of an unidentified rebel group near the Democratic Republic of Congo border, an official said Wednesday. "We've so far recovered 34 bodies of attackers.
Published 01 Jan, 2015 12:00am
French ceremony as new Nato Afghan mission takes over

French ceremony as new Nato Afghan mission takes over

The last French troops in Afghanistan held a ceremony in Kabul on Wednesday to mark the end of their deployment after Nato combat operations closed down and as a new "train and support" mission takes over. About 150 French soldiers who had been helping ru
Published 01 Jan, 2015 12:00am
Duke of Wellington dies before battle anniversary

Duke of Wellington dies before battle anniversary

The eighth Duke of Wellington died on Wednesday aged 99, a family spokesman said, six months before the 200th anniversary of his ancestor's famous victory in the Battle of Waterloo. Arthur Valerian Wellesley died peacefully at his home surrounded by his f
Published 01 Jan, 2015 12:00am
Two Germans killed in Nigeria

Two Germans killed in Nigeria

Two German men have been killed in Nigeria, the foreign ministry in Berlin said Wednesday, as media reported they were engineers shot dead while on a motorcycle trip. "Unfortunately we can confirm that two German nationals were killed in Nigeria last week
Published 01 Jan, 2015 12:00am
South Africa seek series win

South Africa seek series win

South Africa will literally be trying to make up for lost time when they take on the West Indies in the third and final Test at Newlands on Friday. Although the West Indies put up an improved performance, South African captain Hashim Amla stopped short of
Published 01 Jan, 2015 12:00am
Duminy returns for South Africa

Duminy returns for South Africa

JP Duminy, regarded as one of South Africa's key players for the Cricket World Cup in February, returns to action after injury in a Twenty20 international series against the West Indies next month. Duminy has not played since November 9 when he returned h
Published 01 Jan, 2015 12:00am
Cabaye fires PSG to victory over Inter Milan

Cabaye fires PSG to victory over Inter Milan

French champions Paris Saint-Germain finished 2014 with a victory as a second half goal from Yohan Cabaye handed them a narrow 1-0 victory over Serie A side Inter Milan on Tuesday in Morocco. In a prestige friendly, held in the North African country recen
Published 01 Jan, 2015 12:00am
Dhoni's shock exit catches India off-guard

Dhoni's shock exit catches India off-guard

India captain Mahendra Singh Dhoni's sudden decision to quit Test cricket caught the country's media and former players by surprise Wednesday, even though many felt his time at the top was over. Dhoni's retirement from the longer format on Tuesday soon af
Published 01 Jan, 2015 12:00am
Asian forex: ringgit leads Asia FX losses in 2014

Asian forex: ringgit leads Asia FX losses in 2014

Emerging Asian currencies fell in 2014, led by the Malaysian ringgit, and regional units are expected to stay under pressure in the new year due to expectations the US Federal Reserve will hike interest rates and China's economy will stay sluggish. Region
Published 01 Jan, 2015 12:00am
Most Southeast Asian markets set for gains in 2014, barring Malaysia

Most Southeast Asian markets set for gains in 2014, barring Malaysia

The Singapore index ended almost flat on Wednesday, taking its gains for 2014 to 6.2 percent, while Malaysian shares were trading slightly higher but heading for losses on the year to become Southeast Asia's worst performer. Singapore's key Straits Times
Published 01 Jan, 2015 12:00am
European stocks end tough year with gains

European stocks end tough year with gains

Europe's main stock markets rose on Wednesday, the last trading day of a tough year for the region's equities against a backdrop of weak eurozone growth and plunging oil prices. London's FTSE 100 gained 0.29 percent to end 2014 at 6,566.09 points - result
Published 01 Jan, 2015 12:00am
Sri Lankan rupee forwards end weaker

Sri Lankan rupee forwards end weaker

Sri Lankan rupee forwards ended slightly weaker on Wednesday due to mild importer dollar demand. The spot currency was maintained between 130.00 and 131.75 rupees throughout the year, with the central bank defending the currency at both ends to ensure a s
Published 01 Jan, 2015 12:00am
Dollar index touches strongest level since 2006

Dollar index touches strongest level since 2006

The dollar was on track to end 2014 with a gain of 12 percent against a basket of major currencies, and anticipated US interest rake hikes may strengthen its appeal in the new year. This year's gain will be the dollar's largest since 2005, when it climbed
Published 01 Jan, 2015 12:00am
Dollar gains 12 percent against basket of currencies

Dollar gains 12 percent against basket of currencies

The dollar was set to end 2014 with a gain of more than 12 percent against a basket of major currencies on Wednesday, its strongest year in almost a decade and, according to most major banks, just a prelude to a further rise next year. Year-end adjustment
Published 01 Jan, 2015 12:00am
Early trade in New York: dollar edges up in thin trade

Early trade in New York: dollar edges up in thin trade

The US dollar looked set on Wednesday to end 2014 with a gain of more than 12 percent against a basket of major currencies, its strongest year in almost a decade and, according to most major banks, just a prelude to a further rise next year. Traders favou
Published 01 Jan, 2015 12:00am
Dollar slips against yen in New York

Dollar slips against yen in New York

The US dollar hit a 1-1/2-week low against the safe-haven yen on Tuesday after traders booked profits from recent multi-year highs in the greenback and parked their winnings in the Japanese currency. The dollar, which hit fresh nearly nine-year highs agai
Published 01 Jan, 2015 12:00am
Ugandan shilling weakens

Ugandan shilling weakens

The Ugandan shilling was weaker for a third consecutive day on Wednesday, sapped by appetite from commercial banks looking to cover short positions as they close the year. At 0942 GMT commercial banks quoted the shilling at 2,770/2,780, weaker than Tuesda
Published 01 Jan, 2015 12:00am
Billion-dollar Sochi Games a sporting success

Billion-dollar Sochi Games a sporting success

The Sochi 2014 Winter Olympics have gone down in history as the most expensive sports event ever organised with a staggering cost of more than $51 billion. The legacy left by Russia's first winter Games is one of gleaming purpose-built arenas with little
Published 01 Jan, 2015 12:00am
Wigan chairman banned

Wigan chairman banned

Wigan Athletic chairman Dave Whelan has been banned from all football-related activity for six weeks over comments he made about Jewish and Chinese people, the Football Association announced on Wednesday. Whelan, 78, accepted an aggravated misconduct char
Published 01 Jan, 2015 12:00am
Adored Afridi leaves vacuum for fans - and advertisers

Adored Afridi leaves vacuum for fans - and advertisers

If fan following was a yardstick of greatness in cricket, Pakistan's colourful all-rounder Shahid Afridi would probably be ranked his country's greatest ever player. Ever since he hit a 37-ball hundred in only his second one-day international - against Sr
Published 01 Jan, 2015 12:00am
Lehmann demands improved Aussie catching in final Test

Lehmann demands improved Aussie catching in final Test

Australia's sloppy catching is down to a lack of confidence, coach Darren Lehmann said Wednesday, calling for better at next week's final Test against India in Sydney. The hosts drew the third Test in Melbourne on Tuesday to reclaim the Border-Gavaskar Tr
Published 01 Jan, 2015 12:00am
Australian and New Zealand dollar rise on last trading day of a year

Australian and New Zealand dollar rise on last trading day of a year

The Australian and New Zealand dollars looked set to end 2014 sharply lower on Wednesday and could remain under pressure in the new year if commodity prices remain weak. The Aussie was on track to end the year more than 8 percent lower, its second year of
Published 01 Jan, 2015 12:00am
China's yuan slips in 2014, first major decline since 2005 revaluation

China's yuan slips in 2014, first major decline since 2005 revaluation

China's yuan closed at 6.2040 against the dollar on Wednesday, ending 2014 with its first significant annual loss since the currency's landmark revaluation in 2005. The yuan is under pressure from the greenback's strength in global markets and lingering w
Published 01 Jan, 2015 12:00am
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