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Print - 2015-02-15
Rains due for Brazil's sugarcane, coffee and soya belts

Rains due for Brazil's sugarcane, coffee and soya belts

Rains are due to bring moisture this weekend to Sao Paulo, Brazil's main sugar cane and important coffee producing state, before pushing into the heart of the coffee and soyabean belts through next week, Reuters Weather Dashboard showed on Friday. Sao Pau
Published 15 Feb, 2015 12:00am
Africa to miss out on coffee earnings due to production drop

Africa to miss out on coffee earnings due to production drop

Africa's share of global coffee production is dropping at a time when consumption is growing and farmers need government support to ensure the continent does not miss out on potential higher earnings in the future, delegates at a coffee conference said on
Published 15 Feb, 2015 12:00am
Indian rapeseed extends gains on output concerns

Indian rapeseed extends gains on output concerns

Indian rapeseed futures extended gains on Friday on an expected drop in production due to lower sowing, while soyaoil rose on a drop in palm oil imports in January. Soyabeans rose on thin supplies in local spot markets. India's palm oil imports in January
Published 15 Feb, 2015 12:00am
Oil cake market rates

Oil cake market rates

The January vaida was lower on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The January contract closed at Rs 1566.40 on Thursday, and it commenced the day with a decline of 10 paisa at Rs 1566.30, they said.
Published 15 Feb, 2015 12:00am
Rates decline on easy supply position on cotton market

Rates decline on easy supply position on cotton market

Prices fell modestly on the cotton market on Saturday as supply side was against the strong demand, dealers said. The official spot rate was down by Rs 50 to Rs 4,900, dealers said. In the ready session, business was subdued as a result of comfortable sup
Published 15 Feb, 2015 12:00am
US FOB Gulf corn, soya offers steady

US FOB Gulf corn, soya offers steady

US FOB Gulf corn and soyabean basis offers were steady on Friday night with inquiries steady and futures boosting flat prices for foreign buyers, traders said. Wheat basis offers were steady to lower in slow business with HRW offers at the Texas Gulf show
Published 15 Feb, 2015 12:00am
Falling trend on grain market

Falling trend on grain market

A declining trend was seen on the wholesale grain market on Saturday in the process of moderate trading, dealers said. On the cereals side, Gur shed Rs 200 to Rs 5100-5800, Khandsari fell sharply by 500 to Rs 6500, other commodity items maintained overnig
Published 15 Feb, 2015 12:00am
US Midwest corn, soya bids mostly steady

US Midwest corn, soya bids mostly steady

Soyabean spot basis bids were mostly steady on US Midwest on Friday while some farmers sold light amounts of soyabeans as US soya futures edged higher, dealers said. The higher US soya futures lifted cash prices to a range farmers were interested in, deal
Published 15 Feb, 2015 12:00am
Asian rice prices under pressure from thin demand, rising supplies

Asian rice prices under pressure from thin demand, rising supplies

Asian rice prices are under pressure from thin buying demand and rising supplies in the world's leading exporters of the grain, traders said on Wednesday. In Thailand, the top rice exporter, prices softened due to competition from Vietnam and rising suppl
Published 15 Feb, 2015 12:00am
Palm oil prices rise on European vegoils market

Palm oil prices rise on European vegoils market

Palm oil prices on the European vegetable oils market rose on Thursday, mainly supported by the announcement that Malaysia will resume taxing palm exports. The world's second-largest producer will re-start taxing exports of crude palm oil in March, a mini
Published 15 Feb, 2015 12:00am
US natural gas futures down three percent

US natural gas futures down three percent

US natural gas futures ended down 3 percent on Thursday on reports of a weaker-than-expected storage draw despite forecasts for continued cold weather over the next two weeks. Front-month gas futures on the New York Mercantile Exchange closed down 8.4 cen
Published 15 Feb, 2015 12:00am
Ivorian cocoa rejections jump on high acidity levels

Ivorian cocoa rejections jump on high acidity levels

Excessive acidity in cocoa beans arriving at ports in top grower Ivory Coast has led to the rejection of around one third of deliveries in recent weeks, exporters said on Friday. High rejection rates was likely to have led to the double counting of trucks
Published 15 Feb, 2015 12:00am
Indonesian tin smelters to vote on suspending exports next week

Indonesian tin smelters to vote on suspending exports next week

A quarter of Indonesia's tin smelters back a plan to suspend exports and prop up global prices, the chief of an industry body said on Friday, ahead of a vote on the issue targeted next week. Indonesia is the world's top exporter of tin, and the governor o
Published 15 Feb, 2015 12:00am
Russia may allocate one third of state wheat stock to Moscow

Russia may allocate one third of state wheat stock to Moscow

Russia is considering allocating 400,000 tonnes of wheat, or more than one third of its state stocks, to the city of Moscow, Russia's Union of Flour Millers said, a signal of the government's increasing efforts to curb food price inflation. The decision t
Published 15 Feb, 2015 12:00am
Asian grains buyers eye more French wheat after Bangladesh tender

Asian grains buyers eye more French wheat after Bangladesh tender

Asian buyers are looking to import more French wheat after Bangladesh made one of its biggest purchases from the European country since 2000/01 earlier this month, taking 60,000 tonnes. Australian wheat prices were mostly steady from last week even as the
Published 15 Feb, 2015 12:00am
China's taxi apps Didi Dache and Kuaidi Dache in $6 billion tie-up

China's taxi apps Didi Dache and Kuaidi Dache in $6 billion tie-up

Didi Dache and Kuaidi Dache, two of China's leading taxi-hailing apps, said on Saturday they would merge to create one of the world's largest smartphone-based transport services. The combined entity would be valued at roughly $6 billion, according to pers
Published 15 Feb, 2015 12:00am
'McDonald's needs to shake up board'

'McDonald's needs to shake up board'

Union pension fund adviser CtW Investment Group on Friday demanded in a letter to key McDonald's Corp directors that the struggling fast-food chain follow up its recent chief executive officer replacement with a turnover of its board. The demand from CtW
Published 15 Feb, 2015 12:00am
China's economic planners aim to boost services export

China's economic planners aim to boost services export

China has set a target of reaching $1 trillion worth of trade in services by the year 2020, according to a newly released economic planning policy paper that emphasised a shift away from the export of goods. The State Council, China's cabinet, said in a d
Published 15 Feb, 2015 12:00am
US eases restrictions on imports from private Cubans

US eases restrictions on imports from private Cubans

The United States on Friday eased restrictions on imports of goods and services from private Cuban entrepreneurs as part of Washington's rapprochement with Havana after more than half a century of enmity. However, the State Department said many goods were
Published 15 Feb, 2015 12:00am
Venezuela to announce change in fuel policy 'soon'

Venezuela to announce change in fuel policy 'soon'

Venezuela will announce a change of policy soon on gasoline, the finance minister said in an interview broadcast on Friday, signalling the Opec nation is moving ahead with along-awaited hike in the world's cheapest fuel. Gasoline is so heavily subsidised
Published 15 Feb, 2015 12:00am
Japan considering ending currency swap pact with South Korea

Japan considering ending currency swap pact with South Korea

Japan is considering ending its 14-year-old, $10 billion currency swap agreement with South Korea amid a deterioration in relations between the two countries, a government source told Reuters on Saturday. The deal, launched in 2001 to help each other cope
Published 15 Feb, 2015 12:00am
US House's top tax writer sees narrow window for reform

US House's top tax writer sees narrow window for reform

The Republican Party's leading voice on taxes and budgets, Paul Ryan, said on Friday that the current Congress has only a few months to pull together a deal to overhaul the US tax code. "My guess is tax reform is a 2015 thing for sure and I think it's got
Published 15 Feb, 2015 12:00am
Ukraine plans to borrow $1 billion to buy gas, fuel oil for reserves

Ukraine plans to borrow $1 billion to buy gas, fuel oil for reserves

Ukraine plans to borrow $1 billion to establish a strategic reserve of natural gas and fuel oil to cover local needs in emergency situations, Prime Minister Arseny Yatseniuk said on Saturday. "The government has adopted a decision to establish reserves of
Published 15 Feb, 2015 12:00am
Ukraine revised budget foresees hryvnia strengthening in 2015

Ukraine revised budget foresees hryvnia strengthening in 2015

Ukraine's government is forecasting a hryvnia currency rate of 21 to the dollar this year in a revised budget drawn up to satisfy its international creditors, Ukrainian Prime Minister Arseny Yatseniuk said on Saturday. That is significantly stronger than
Published 15 Feb, 2015 12:00am
Canadian government joins CP contract talks

Canadian government joins CP contract talks

The Canadian government said on Friday it had joined contract talks between Canadian Pacific Railway Ltd and unionised staff ahead of a possible weekend strike, but it also began laying the groundwork to introduce back-to-work legislation. Canadian Labour
Published 15 Feb, 2015 12:00am
ECB drops Volksbanken capital target

ECB drops Volksbanken capital target

The European Central Bank has quietly dropped its draft minimum capital target for Austria's Volksbanken as the group moves to wind down its flagship unit by mid-year, the newspaper Der Standard reported, citing unnamed regulatory sources. The ECB in Dece
Published 15 Feb, 2015 12:00am
General Electric to use new India manufacturing facility as export hub

General Electric to use new India manufacturing facility as export hub

General Electric Co will use its new manufacturing facility in India, which was formally inaugurated on Saturday, as an export hub, with plans to send half of its output to the conglomerate's global factories. The 67-acre plant in Chakan, near the western
Published 15 Feb, 2015 12:00am
Obama urges executives to cooperate more against cyberattacks

Obama urges executives to cooperate more against cyberattacks

President Barack Obama asked US executives on Friday for closer co-operation in defending against hackers after high-profile attacks on companies like Sony that exposed weaknesses in America's cyber defenses. Speaking at Stanford University, Obama told Si
Published 15 Feb, 2015 12:00am
Sun Pharmaceutical Industries profit falls

Sun Pharmaceutical Industries profit falls

Sun Pharmaceutical Industries Ltd , India's largest drugmaker, said on Saturday third-quarter net profit fell unexpectedly due to a decline in sales in the United States and costs from resolving regulatory issues at a manufacturing plant. But the company
Published 15 Feb, 2015 12:00am
Sun Pharmaceutical Industries profit falls

Sun Pharmaceutical Industries profit falls

Sun Pharmaceutical Industries Ltd , India's largest drugmaker, said on Saturday third-quarter net profit fell unexpectedly due to a decline in sales in the United States and costs from resolving regulatory issues at a manufacturing plant. But the company
Published 15 Feb, 2015 12:00am
Kraft Foods shakes up leadership, reports quarterly loss

Kraft Foods shakes up leadership, reports quarterly loss

Kraft Foods Group Inc said on Thursday that its chief financial officer would leave her role and two other senior executives would depart from the company, marking the first major changes at the maker of Velveeta cheese and Oscar Mayer meats since its boa
Published 15 Feb, 2015 12:00am
Kraft Foods shakes up leadership, reports quarterly loss

Kraft Foods shakes up leadership, reports quarterly loss

Kraft Foods Group Inc said on Thursday that its chief financial officer would leave her role and two other senior executives would depart from the company, marking the first major changes at the maker of Velveeta cheese and Oscar Mayer meats since its boa
Published 15 Feb, 2015 12:00am
Former HSBC chairman steps down from City lobby group

Former HSBC chairman steps down from City lobby group

A former boss of HSBC, Stephen Green, has stepped down from his position with a financial services lobby group after allegations that the bank helped people dodge taxes. Green, who is under increasing pressure over the HSBC revelations, quit as chairman o
Published 15 Feb, 2015 12:00am
Apache slashing 2015 rig count, capex due to low oil prices

Apache slashing 2015 rig count, capex due to low oil prices

Apache Corp, one of the top US shale oil producers, said on Thursday it would slash capital expenditures and its rig count in 2015 as the collapse of crude oil prices prompts it to slow drilling, keeping output growth mostly flat. The company, which repor
Published 15 Feb, 2015 12:00am
AIG earnings miss estimates

AIG earnings miss estimates

American International Group Inc reported lower-than-expected fourth-quarter earnings on Thursday as low interest rates and refinancing expensive debt hurt the insurer's results. The New York-based company, the largest commercial insurer in the United Sta
Published 15 Feb, 2015 12:00am
AIG earnings miss estimates

AIG earnings miss estimates

American International Group Inc reported lower-than-expected fourth-quarter earnings on Thursday as low interest rates and refinancing expensive debt hurt the insurer's results. The New York-based company, the largest commercial insurer in the United Sta
Published 15 Feb, 2015 12:00am
UK's Labour would toughen penalties for banker misdeeds

UK's Labour would toughen penalties for banker misdeeds

Britain's main opposition Labour party, fighting to take power at a general election in May, said Friday it would toughen the penalties for financial wrongdoing by bankers following the SwissLeaks scandal. The announcement came at the end of a political w
Published 15 Feb, 2015 12:00am
Kenya cuts fuel prices, cites lower import costs

Kenya cuts fuel prices, cites lower import costs

Kenya's Energy Regulatory Commission slashed on Saturday the maximum retail prices of petrol, diesel and kerosene, citing lower import prices. Since 2010, Kenya has set a cap on prices of petrol, diesel and kerosene to protect consumers from what the regu
Published 15 Feb, 2015 12:00am
Honda aims to cut car model variations by a fifth

Honda aims to cut car model variations by a fifth

Honda Motor Co is looking to reduce the number of variations on its cars by a fifth to focus more on quality, its R&D chief said, as Japan's third-biggest automaker tries to emerge from a year of product recalls and quality problems. Honda rolled out virt
Published 15 Feb, 2015 12:00am
Mongolia shuts down $10 million bond auction

Mongolia shuts down $10 million bond auction

Mongolia shut down a $10 million government bond auction on Wednesday after receiving no bids, the central bank said, in what analysts said was a fresh sign of the resource-rich country's economic struggles. The 20 billion tugrik ($10.2 million) bond rema
Published 15 Feb, 2015 12:00am
Mongolia shuts down $10 million bond auction

Mongolia shuts down $10 million bond auction

Mongolia shut down a $10 million government bond auction on Wednesday after receiving no bids, the central bank said, in what analysts said was a fresh sign of the resource-rich country's economic struggles. The 20 billion tugrik ($10.2 million) bond rema
Published 15 Feb, 2015 12:00am
Emaar Misr seeks Egypt bourse listing

Emaar Misr seeks Egypt bourse listing

Emaar Misr, the Egyptian arm of Dubai's largest listed real estate developer, plans to float its shares on the stock market, although the listing is worth less than half the value that sources said it had expected to raise last month. The Egyptian unit of
Published 15 Feb, 2015 12:00am
Emaar Misr seeks Egypt bourse listing

Emaar Misr seeks Egypt bourse listing

Emaar Misr, the Egyptian arm of Dubai's largest listed real estate developer, plans to float its shares on the stock market, although the listing is worth less than half the value that sources said it had expected to raise last month. The Egyptian unit of
Published 15 Feb, 2015 12:00am
Japan Exchange CEO eyes takeovers in certain segments

Japan Exchange CEO eyes takeovers in certain segments

Tokyo bourse operator Japan Exchange Group Inc (JPX) is considering takeovers in certain areas of its business but is not looking at large cross-border exchange mergers, its chief executive told a German newspaper. "I am not thinking about direct takeover
Published 15 Feb, 2015 12:00am
Yield hungry European investors flock to US corporate bonds

Yield hungry European investors flock to US corporate bonds

Yield hungry European pension funds and other non-US investors are diving into US corporate bonds at a pace that bankers and asset managers said they haven't seen since the financial crisis. In the past month, underwriters have seen a doubling of the perc
Published 15 Feb, 2015 12:00am
Yield hungry European investors flock to US corporate bonds

Yield hungry European investors flock to US corporate bonds

Yield hungry European pension funds and other non-US investors are diving into US corporate bonds at a pace that bankers and asset managers said they haven't seen since the financial crisis. In the past month, underwriters have seen a doubling of the perc
Published 15 Feb, 2015 12:00am
Alibaba attracts attention from US regulator

Alibaba attracts attention from US regulator

Alibaba Group Holding Ltd said on Friday it was asked by the US Securities and Exchange Commission for information about its dealings with a Chinese regulator, coming just five months after the company's stock market debut. The SEC's request follows an un
Published 15 Feb, 2015 12:00am
TSX nears five-month high

TSX nears five-month high

Canada's main stock index rose to its highest level in almost five months on Friday as robust oil prices helped boost the energy sector, offsetting a decline in TransCanada Corp after the pipeline company reported quarterly results. Positive signals from
Published 15 Feb, 2015 12:00am
Equities bask in 'weird world' of negative yields

Equities bask in 'weird world' of negative yields

Investors are pouring money into stocks as bond yields turn negative, setting aside concerns over whether political events and flagging growth will derail Europe's stock-market rally of the last few years. Central banks have been driving interest rates do
Published 15 Feb, 2015 12:00am
Equities bask in 'weird world' of negative yields

Equities bask in 'weird world' of negative yields

Investors are pouring money into stocks as bond yields turn negative, setting aside concerns over whether political events and flagging growth will derail Europe's stock-market rally of the last few years. Central banks have been driving interest rates do
Published 15 Feb, 2015 12:00am
Verizon announces $12.5 billion exchange offer

Verizon announces $12.5 billion exchange offer

Verizon has announced its second jumbo exchange offer in as many years, targeting holders of up to US $30.6bn of existing notes for about US $12.5bn of senior debt. The offer, led by Barclays, Bank of America Merrill Lynch and Goldman Sachs, asks investor
Published 15 Feb, 2015 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Friday on optimism that Greek and European negotiators will reach a deal over the terms of Greece's bailout, and after better-than-expected growth in Germany's economy reduced demand for safe haven debt. Greece agreed on Thursda
Published 15 Feb, 2015 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Friday on optimism that Greek and European negotiators will reach a deal over the terms of Greece's bailout, and after better-than-expected growth in Germany's economy reduced demand for safe haven debt. Greece agreed on Thursda
Published 15 Feb, 2015 12:00am
Rousseff's Caixa IPO plan sparks doubts, irks Brazil bank workers

Rousseff's Caixa IPO plan sparks doubts, irks Brazil bank workers

Brazilian President Dilma Rousseff's recent move to replace Caixa Economica Federal's chief executive is aimed at pushing the big state-controlled bank closer to an initial public offering but a flotation still faces serious obstacles. Rousseff's decision
Published 15 Feb, 2015 12:00am
Rousseff's Caixa IPO plan sparks doubts, irks Brazil bank workers

Rousseff's Caixa IPO plan sparks doubts, irks Brazil bank workers

Brazilian President Dilma Rousseff's recent move to replace Caixa Economica Federal's chief executive is aimed at pushing the big state-controlled bank closer to an initial public offering but a flotation still faces serious obstacles. Rousseff's decision
Published 15 Feb, 2015 12:00am
Fund managers bet on battered 'small oil' stocks

Fund managers bet on battered 'small oil' stocks

After a rout in energy stocks on the back of a slump in crude oil prices, some fund managers have started fishing for smaller oil exploration companies, betting that a price recovery will lead them to outperform. Smaller players, especially oil explorers,
Published 15 Feb, 2015 12:00am
Fund managers bet on battered 'small oil' stocks

Fund managers bet on battered 'small oil' stocks

After a rout in energy stocks on the back of a slump in crude oil prices, some fund managers have started fishing for smaller oil exploration companies, betting that a price recovery will lead them to outperform. Smaller players, especially oil explorers,
Published 15 Feb, 2015 12:00am
Bond investors rip up mandates as yields vanish

Bond investors rip up mandates as yields vanish

As yields on top-rated sovereign and even corporate bonds dwindle and disappear, investors who have long relied on that steady, guaranteed income stream are taking bigger gambles to achieve a reasonable level of returns for their clients. Keen to stay in
Published 15 Feb, 2015 12:00am
Bond investors rip up mandates as yields vanish

Bond investors rip up mandates as yields vanish

As yields on top-rated sovereign and even corporate bonds dwindle and disappear, investors who have long relied on that steady, guaranteed income stream are taking bigger gambles to achieve a reasonable level of returns for their clients. Keen to stay in
Published 15 Feb, 2015 12:00am
S&P closes at record, Nasdaq hits 15-year high

S&P closes at record, Nasdaq hits 15-year high

The S&P 500 index closed at a record high on Friday, as energy shares gained with oil prices, while the Nasdaq composite index hit a 15-year high helped by technology stocks. Equities rallied this week after a ceasefire agreement between Ukraine and Russi
Published 15 Feb, 2015 12:00am
GfK sees tailwind from strong dollar, pound in 2015

GfK sees tailwind from strong dollar, pound in 2015

German market research firm GfK expects to benefit from strengthening foreign currencies this year, its chief financial officer told a German newspaper. "The situation will continue to improve in 2015 as long as the strength of the dollar and the pound pe
Published 15 Feb, 2015 12:00am
Australia, New Zealand dollar seen weaker on falling rates

Australia, New Zealand dollar seen weaker on falling rates

Analysts again trimmed forecasts for the Australian and New Zealand dollars to reflect expectations of falling interest rates, as central banks across the globe ease to support sputtering economies and ward off deflation. A Reuters poll of 50 analysts see
Published 15 Feb, 2015 12:00am
New York puts monitor to probe forex rigging

New York puts monitor to probe forex rigging

New York's banking regulator has installed a monitor at Deutsche Bank to investigate possible manipulation of the foreign exchange market, sources familiar with the matter told Reuters. Treliant Risk Advisors, a Washington, D.C.-based firm, was chosen to
Published 15 Feb, 2015 12:00am
Nigeria bans dollar resales after FX auction to prop up naira: dealers

Nigeria bans dollar resales after FX auction to prop up naira: dealers

Nigeria banned banks on Friday from reselling dollars bought at a currency auction to other banks, dealers said, a move aimed at curbing speculation in the beleaguered naira currency. Central bank spokesman Ibrahim Muazu confirmed the bank sold dollars in
Published 15 Feb, 2015 12:00am
Canadian dollar strengthens

Canadian dollar strengthens

The Canadian dollar strengthened modestly against the greenback on Friday as the price of crude, a major Canadian export, rose, and data showed Canadian manufacturing sales jumped in December, beating forecasts. Factory sales rose 1.7 percent to C$52.39 b
Published 15 Feb, 2015 12:00am
Dollar slides against yen; focus on FOMC minutes

Dollar slides against yen; focus on FOMC minutes

The dollar fell for a second straight session against the yen on Friday, pressured by yet another weak US economic report and investors continuing to pare back overstretched long positions ahead of a three-day holiday weekend. Thursday's soft US retail an
Published 15 Feb, 2015 12:00am
Forex market too reliant on e-trading

Forex market too reliant on e-trading

The chaos caused by the removal of a ceiling on the value of the Swiss franc last month shows that currency markets have become too dependent on electronic models of trading, a leading industry body has told the Bank of England. In a submission to the cen
Published 15 Feb, 2015 12:00am
Speculators pare US dollar longs

Speculators pare US dollar longs

Speculators trimmed bets favouring the US dollar in the latest week, while investors reduced net shorts on the euro, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position slipped to
Published 15 Feb, 2015 12:00am
Rise in Swiss forex reserves suggests SNB still curbing franc

Rise in Swiss forex reserves suggests SNB still curbing franc

Switzerland's foreign exchange reserves hit a record high in January, data showed, suggesting its central bank is still actively curbing the franc with interventions one researcher estimated at close to 2 billion francs per day. The figures are the first
Published 15 Feb, 2015 12:00am
China's money growth slumps to record low, fuels policy loosening bets

China's money growth slumps to record low, fuels policy loosening bets

China's growth in broad money supply slumped to its lowest on record in January even as new yuan loans hit a 5-1/2-year high, boosting bets that Beijing may further loosen monetary policy to avert a sharper economic slowdown. The broad M2 money supply mea
Published 15 Feb, 2015 12:00am
Chinese yuan to reverse weakening trend

Chinese yuan to reverse weakening trend

The Chinese yuan will reverse its recent weakening trend and appreciate over the next year due to the country's large trade surplus, despite expectations that its central bank will ease policy further, a Reuters poll showed. The yuan has lost about 2 perc
Published 15 Feb, 2015 12:00am
World Cup campaign: Jubilee Life signs Wasim Akram as brand ambassador

World Cup campaign: Jubilee Life signs Wasim Akram as brand ambassador

Jubilee Life, Pakistan's largest life insurance provider in the private sector has signed legendary cricketer and former Pakistan captain Wasim Akram as the face of its ICC Cricket World Cup 2015 digital campaign. With the World Cup fever in full flow, Ju
Published 15 Feb, 2015 12:00am
Pakistan inexperience, 'excess baggage' worries Inzamam

Pakistan inexperience, 'excess baggage' worries Inzamam

Former Pakistan captain Inzamam-ul-Haq fears the side will contain too many novice players when they bid to break a World Cup hoodoo against India in the Asian giants' Pool B opener in Adelaide on Sunday. Pakistan have lost all five of their previous Worl
Published 15 Feb, 2015 12:00am
'Courtsiders' evicted from first World Cup game

'Courtsiders' evicted from first World Cup game

Officials evicted several people from the opening match of the cricket World Cup at Hagley Oval on Saturday after they were suspected of being involved in illicit gambling. The people were all evicted for the practice known as 'courtsiding', New Zealand P
Published 15 Feb, 2015 12:00am
King slays Stoke, Ideye fires West Brom in FA Cup

King slays Stoke, Ideye fires West Brom in FA Cup

Norway striker Josh King scored a hat-trick as second-tier Blackburn Rovers reached the FA Cup quarter-finals by coming from behind to beat 10-man Stoke City 4-1 on Saturday. Stoke manager Mark Hughes saw his side take a 10th-minute lead against his forme
Published 15 Feb, 2015 12:00am
Finch, Marsh star as Aussies hammer England

Finch, Marsh star as Aussies hammer England

Mitchell Marsh proved the unlikely bowling star and Aaron Finch blasted the first ton of the World Cup as Australia crushed England by 111 runs at the Melbourne Cricket Ground on Saturday. The tournament favourites ruthlessly swept to victory in their ope
Published 15 Feb, 2015 12:00am
New Zealand trounce Sri Lanka in World Cup opener

New Zealand trounce Sri Lanka in World Cup opener

New Zealand made the perfect start to the World Cup when a swashbuckling Brendon McCullum led his side to a 98-run win over Sri Lanka at Hagley Oval in Christchurch Saturday. McCullum's quickfire 65 set New Zealand up for an imposing 331-6, with Kane Will
Published 15 Feb, 2015 12:00am
Dhoni demands drastic improvement from bowlers

Dhoni demands drastic improvement from bowlers

India captain Mahendra Singh Dhoni has called on his under-fire bowlers to "drastically improve" their discipline for their opening World Cup match against arch-rivals Pakistan on Sunday. India's bowling woes were well documented over the last three month
Published 15 Feb, 2015 12:00am
Misbah eyes 'history' in India opener

Misbah eyes 'history' in India opener

Pakistan captain Misbah-ul-Haq regards Sunday's key clash against India at the Adelaide Oval as an opportunity to end an embarrassing string of World Cup flops against the arch-rivals. Pakistan have lost all their five World Cup matches to India dating ba
Published 15 Feb, 2015 12:00am
Kurds regain Syrian villages from Islamic State

Kurds regain Syrian villages from Islamic State

Kurdish forces backed by US-led air strikes have regained control of at least 163 villages around the Syrian town of Kobani after driving back Islamic State militants in the past three weeks, a group monitoring the conflict said on Saturday. The Britain-b
Published 15 Feb, 2015 12:00am
Top officials close rank around Argentina's embattled president

Top officials close rank around Argentina's embattled president

Top government officials rallied behind Argentina's President Cristina Fernandez on Saturday after a state prosecutor said he would keep investigating accusations that she tried to cover up Iran's alleged involvement in a 1994 bombing. The allegations hav
Published 15 Feb, 2015 12:00am
Saudi King appoints SABIC CEO

Saudi King appoints SABIC CEO

New Saudi King Salman appointed SABIC CEO Mohamed al-Mady as the president of the country's military industries corporation, a royal decree published on the state news agency SPA said on Saturday. The statement did not make immediately clear whether al-Ma
Published 15 Feb, 2015 12:00am
Former ambassador, two others dead in Chile copter crash

Former ambassador, two others dead in Chile copter crash

Three people including Chile's former ambassador to Japan died in a helicopter crash in the lower foothills of the Andes, local media reported Saturday. A fourth person managed to save himself by jumping from the helicopter before impact, the Bio Bio radi
Published 15 Feb, 2015 12:00am
Couples in Thailand dance their way to world record

Couples in Thailand dance their way to world record

Nine couples danced their way to victory on Saturday, breaking the record for the longest dance marathon in the world in the seaside town of Pattaya, south-east of Thailand's capital Bangkok. The couples broke the World's Longest Dance Marathon record by
Published 15 Feb, 2015 12:00am
Crowds attack Ebola facility, health workers in Guinea

Crowds attack Ebola facility, health workers in Guinea

Crowds destroyed an Ebola facility and attacked health workers in central Guinea on rumours that the Red Cross was planning to disinfect a school, a government spokesman said on Saturday. Red Cross teams in Guinea have been attacked on average 10 times a
Published 15 Feb, 2015 12:00am
Yemeni Houthi fighters fire on protesters after clashes kill 26

Yemeni Houthi fighters fire on protesters after clashes kill 26

Tens of thousands of Yemenis demonstrated in several cities on Saturday against the rule of the Shia Muslim Houthi movement whose gunmen fired on protesters in the central town of Ibb and wounded four, medics said. It was the second day of nationwide demo
Published 15 Feb, 2015 12:00am
Citigroup, Goldman, UBS in $235 million US mortgage settlement

Citigroup, Goldman, UBS in $235 million US mortgage settlement

Citigroup Inc, Goldman Sachs Group Inc and UBS AG have agreed to pay $235 million to settle US litigation accusing them of concealing the risks of mortgage securities sold by the former Residential Capital LLC before the global financial crisis.
Published 15 Feb, 2015 12:00am
Citigroup, Goldman, UBS in $235 million US mortgage settlement

Citigroup, Goldman, UBS in $235 million US mortgage settlement

Citigroup Inc, Goldman Sachs Group Inc and UBS AG have agreed to pay $235 million to settle US litigation accusing them of concealing the risks of mortgage securities sold by the former Residential Capital LLC before the global financial crisis.
Published 15 Feb, 2015 12:00am
Liberals work to lure Elizabeth Warren into White House race

Liberals work to lure Elizabeth Warren into White House race

The scene in the New Hampshire office is one common to any nascent US presidential campaign in the state that holds the country's first primary contest: Young staffers peck away at laptops and unpack boxes of signs with their candidate's name. But the Dem
Published 15 Feb, 2015 12:00am
Gulf ministers in emergency Yemen talks

Gulf ministers in emergency Yemen talks

Yemen's Gulf Arab neighbours held an extraordinary ministerial meeting in Riyadh Saturday to discuss developments in the restive country where a Shia militia has seized power, an AFP photographer reported. The meeting comes as two of the Gulf Co-operation
Published 15 Feb, 2015 12:00am
Greece's Prime Minister warns too early to speak of bailout win

Greece's Prime Minister warns too early to speak of bailout win

Greece's PM Alexis Tsipras warned Saturday that a high-stakes eurogroup meeting to resolve the country's bailout drama was going to be tricky, despite progress made in negotiations with the EU. "Monday's negotiations at the Eurogroup will be difficult," h
Published 15 Feb, 2015 12:00am
UK may look into welfare cuts for addicts, overweight

UK may look into welfare cuts for addicts, overweight

Britain might reduce welfare benefits for people who refuse treatment for obesity or drug and alcohol problems, Prime Minister David Cameron said on Saturday. He said that if his Conservative Party wins national elections in May, he would set up a review
Published 15 Feb, 2015 12:00am
Iranian leader sent Obama secret letter

Iranian leader sent Obama secret letter

Iran's Supreme Leader Ayatollah Ali Khamenei has responded to overtures from US President Barack Obama amid nuclear talks by sending him a secret letter, the Wall Street Journal reported on Friday. Citing an Iranian diplomat, the paper said the Iranian cl
Published 15 Feb, 2015 12:00am
Dozens missing after Congo boat collision

Dozens missing after Congo boat collision

Dozens of people were missing on Saturday after a collision between two boats on the Congo River in western Democratic Republic of Congo, the World Health Organisation (WHO) and a local official said. The WHO said in a report that the accident occurred on
Published 15 Feb, 2015 12:00am
UN chief appeals to Indonesia to stop death row executions

UN chief appeals to Indonesia to stop death row executions

United Nations Secretary-General Ban Ki-moon appealed to Indonesia on Friday not to execute prisoners on death row for drug crimes, including citizens of Australia, Brazil, France, Ghana, Indonesia, Nigeria and the Philippines. Indonesia has harsh penalti
Published 15 Feb, 2015 12:00am
American Express and JetBlue ending card partnership

American Express and JetBlue ending card partnership

American Express Co, which said on Thursday that its credit card partnership with Costco Wholesale Corp would end next year, is also ending its co-branded card deal with JetBlue Airways Corp, according to a published report. Bloomberg, citing people with
Published 15 Feb, 2015 12:00am
TV enters the Berlin film festival scene in big way

TV enters the Berlin film festival scene in big way

The line between television and cinema has been further blurred this year as the Berlin International Film Festival and the European Film Market (EFM) give significant space to TV drama for the first time. The jury due to hand out the main awards on Satur
Published 15 Feb, 2015 12:00am
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