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Print - 2015-03-29
Kenya granted one-year extension of sugar import limits

Kenya granted one-year extension of sugar import limits

Kenya has been granted a one-year extension of sugar import limits from the regional trade bloc Common Market for Eastern and Southern Africa (COMESA) to revamp its ailing sugar industry. The arrangement limiting imports expired at the end of February but
Published 29 Mar, 2015 12:00am
US FOB Gulf corn export premiums weaker

US FOB Gulf corn export premiums weaker

Corn export premiums at the US Gulf Coast were mostly flat to weaker on Friday, weighed down by sluggish export demand and rising supplies following several days of active farmer selling this week, traders said. Chicago Board of Trade corn futures gained
Published 29 Mar, 2015 12:00am
Iranians buy about 80,000 tonnes of German, Black Sea wheat

Iranians buy about 80,000 tonnes of German, Black Sea wheat

Private Iranian buyers have purchased about 80,000 tonnes of wheat to be sourced from Germany and the Black Sea region, European traders said on Wednesday. The purchases comprised 30,000 tonnes to be shipped from Germany in April and 50,000 tonnes to be s
Published 29 Mar, 2015 12:00am
Rains to improve Ivory Coast cocoa mid-crop

Rains to improve Ivory Coast cocoa mid-crop

Rains fell across most of Ivory Coast's main cocoa growing regions last week as the world's top producer emerged from a particularly harsh dry season that farmers said on Monday would delay the start for the April-to-September mid-crop harvest. Ivory Coas
Published 29 Mar, 2015 12:00am
Asian rice prices stable in Vietnam, Thai supply rises

Asian rice prices stable in Vietnam, Thai supply rises

Vietnamese prices were stable this week due to loading for the Philippines and Chinese buying, while rising supply and thin demand weakened prices in top exporter Thailand, traders said on Wednesday. China, the largest Vietnamese rice buyer, has been taki
Published 29 Mar, 2015 12:00am
Cotton market: rates drift lower on Middle East crisis

Cotton market: rates drift lower on Middle East crisis

Rates drifted lower modestly following the emergence of negative developments in the Middle East, dealers said on the cotton market on Saturday. The official spot rate was unchanged at Rs 5150, dealers said. In the ready session, around 5,000 bales of cot
Published 29 Mar, 2015 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures dipped on Friday and posted a weekly loss pressured by technical selling and weaker US soybean prices. Funds sold an estimated 6,000 May contracts, cutting their net long position to about 30,000, a trader said.
Published 29 Mar, 2015 12:00am
Asian naphtha falls from 6-1/2-month high

Asian naphtha falls from 6-1/2-month high

Asia's naphtha crack fell from a near 6-1/2 month high on Friday to a three-session low of $124.35 a tonne, weighed down by the possibility that buyers may soon be able to use alternative liquefied petroleum gas (LPG) feedstock. LPG can replace up to abou
Published 29 Mar, 2015 12:00am
Palm oil prices slip on European vegoils market

Palm oil prices slip on European vegoils market

Palm oil prices were lower on Friday in European trading, tracking a reversal in the crude oil market as tensions in the Middle East appeared to ease. RBD palm olein for July/September shipment traded at $595.00 per tonne fob Malaysia, down $14.00 from Th
Published 29 Mar, 2015 12:00am
CBOT wheat futures higher on technical bounce

CBOT wheat futures higher on technical bounce

Wheat futures on the Chicago Board of Trade ended higher Friday on a technical bounce after a three-session skid, but still fell on a weekly basis on ample global stocks and poor export demand for US supplies. Traders appeared to vacate some new short pos
Published 29 Mar, 2015 12:00am
EU wheat steadies with Chicago after two-week low

EU wheat steadies with Chicago after two-week low

Euronext wheat futures steadied on Friday to come off a two-week low as Chicago prices recovered from a day-earlier plunge and attention turned towards US crop planting forecasts next week. May milling wheat, the benchmark on Euronext's main No 2 wheat co
Published 29 Mar, 2015 12:00am
Iron ore futures tumble in China and Singapore

Iron ore futures tumble in China and Singapore

Iron ore futures in China and Singapore slid as much as 4 percent on Friday before paring losses, pressured by worries global producers would continue to lift supply in a glut-hit market. Iron ore prices on China's Dalian Commodity Exchange hit the daily
Published 29 Mar, 2015 12:00am
Indonesian stocks face risks from debt spike as rupiah weakens

Indonesian stocks face risks from debt spike as rupiah weakens

Fund managers and foreign investors are bailing out of Indonesian stocks as worries grow that a perfect storm of a sliding rupiah, record levels of foreign debt and rising import costs could bring some businesses to their knees.
Published 29 Mar, 2015 12:00am
Stock market new battleground for South African equality

Stock market new battleground for South African equality

Black empowerment in South Africa is not just a struggle for jobs, land, houses and education, share-ownership is now at the centre of a fierce debate over who owns what on the Johannesburg Stock Exchange.
Published 29 Mar, 2015 12:00am
LatAm credits end mixed as Argentina, Venezuela diverge

LatAm credits end mixed as Argentina, Venezuela diverge

A rally in Venezuelan debt and a sell-off in Argentine bonds made for a mixed trading session in Latin America's credit markets Friday. Argentine bonds weakened across the board Friday on concerns that a US court might bring more local-law bonds under an
Published 29 Mar, 2015 12:00am
US biotech stocks may fall further as short interest rises

US biotech stocks may fall further as short interest rises

A 4 percent decline in biotechnology stocks on Wednesday sent the Nasdaq Composite Index to its largest one-day loss in nearly a year, and some investors are betting that the once-hot sector has further to fall. Short interest has risen in a number of bio
Published 29 Mar, 2015 12:00am
South African stocks rise

South African stocks rise

South African stocks snapped a two-day losing streak on Friday as shares in cement maker PPC Ltd rose when the firm announced the end of merger talks with a rival firm. Shares South Africa's biggest cement maker rose 5.7 percent after the firm which began
Published 29 Mar, 2015 12:00am
As China's Hanergy stock soars, demand up from short-sellers too

As China's Hanergy stock soars, demand up from short-sellers too

China's Hanergy Thin Film Power Group has seen a rise in demand for loaned stock from short-sellers over the past six months, data shows, indicating some investors doubt its five-fold share surge can sustain. Its shares are now the third-most shorted on t
Published 29 Mar, 2015 12:00am
TSX drops as energy, financial shares lead losses

TSX drops as energy, financial shares lead losses

Canada's main stock index finished lower on Friday in a retreat led by financial stocks and by energy companies, which were pulled down by a sharp fall in crude prices. The price of oil sank some 5 percent as the likelihood of an Iran nuclear deal with th
Published 29 Mar, 2015 12:00am
Cyber IPO pipeline grows as data breaches boost security spending

Cyber IPO pipeline grows as data breaches boost security spending

Rapid7, LogRhythm and Mimecast are joining a growing list of cybersecurity firms planning to go public in 2015 to capitalise on investor interest following a spate of hacker attacks, according to people familiar with the matter. Shares of publicly traded
Published 29 Mar, 2015 12:00am
Cyber IPO pipeline grows as data breaches boost security spending

Cyber IPO pipeline grows as data breaches boost security spending

Rapid7, LogRhythm and Mimecast are joining a growing list of cybersecurity firms planning to go public in 2015 to capitalise on investor interest following a spate of hacker attacks, according to people familiar with the matter. Shares of publicly traded
Published 29 Mar, 2015 12:00am
Wall Street ends four-day skid on late tech rally

Wall Street ends four-day skid on late tech rally

US stocks rose modestly on Friday after late news of merger talks in the semiconductor space boosted the technology sector and helped major indexes snap a four-day losing streak. The Wall Street Journal reported chipmaker Intel Corp is in talks to buy riv
Published 29 Mar, 2015 12:00am
Vivendi trades barbs with activist investor seeking bigger payout

Vivendi trades barbs with activist investor seeking bigger payout

Vivendi has traded blows with activist investor PSAM over the fund's bid for a larger payout from the French media group, with Vivendi warning the fund could be in breach of the law and the fund accusing it of attempting to intimidate it. PSAM, or P. Scho
Published 29 Mar, 2015 12:00am
Portugal pushes for closer eurozone integration

Portugal pushes for closer eurozone integration

Portugal has presented proposals for closer economic co-ordination between the countries of the eurozone as the bloc tries to put crises over Greece and other big debtor states behind it. EU ministers will study the Portuguese discussion paper, entitled "
Published 29 Mar, 2015 12:00am
India central bank moves to restrict bank exposure to corporate loans

India central bank moves to restrict bank exposure to corporate loans

The Reserve Bank of India (RBI) has proposed to lower the ceiling on how much a bank can lend to a single corporate group, in a move to curb risks in the banking sector at a time when bad loans are on the rise. Under the proposal, banks would only be allo
Published 29 Mar, 2015 12:00am
Japan's inflation stalls

Japan's inflation stalls

Japanese inflation stalled in February with a key measure of prices flat for the first time in nearly two years, data showed Friday, weighed by a plunge in oil rates and tepid consumer spending. The dismal figures come after Bank of Japan chief Haruhiko K
Published 29 Mar, 2015 12:00am
China's Xi attempts to reassure on Asian investment, economy

China's Xi attempts to reassure on Asian investment, economy

China's President Xi Jinping said Saturday that Beijing's new Asian investment schemes do not aim to displace existing regional programmes, after US scepticism about the Beijing-backed AIIB bank. China is expanding its financial clout in Asia with the fou
Published 29 Mar, 2015 12:00am
Jury clears top Silicon Valley firm of gender bias, retaliation

Jury clears top Silicon Valley firm of gender bias, retaliation

Silicon Valley powerhouse venture capital firm Kleiner, Perkins, Caufield and Byers was cleared on Friday of claims it short-circuited the career of a former partner because she is a woman, in a gender discrimination trial that shook the tech world. A Cal
Published 29 Mar, 2015 12:00am
Greek energy minister to visit Moscow, hits out at Germany

Greek energy minister to visit Moscow, hits out at Germany

Greece's Energy Minister Panagiotis Lafazanis will meet his Russian counterpart and the CEO of energy giant Gazprom in Moscow on Monday, as he hit out at the EU and Germany for tightening a 'noose' around the Greek economy.
Published 29 Mar, 2015 12:00am
Uber plans legal taxi service in Germany

Uber plans legal taxi service in Germany

Uber aims to launch a service in Germany by this summer that will allow its novel taxi-hailing service to operate legally in Europe's biggest economy, the company's German chief was quoted saying by weekly magazine Wirtschafts Woche (WiWo). The move comes
Published 29 Mar, 2015 12:00am
Troika expects Greece to miss primary surplus target this year

Troika expects Greece to miss primary surplus target this year

The three institutions or troika representing Greece's official creditors expect Athens could miss its goal of a primary budget surplus this year, German magazine Der Spiegel reported on Saturday citing a source within the group of lenders. Greece's forme
Published 29 Mar, 2015 12:00am
Fitch cuts Greece's rating to 'CCC'

Fitch cuts Greece's rating to 'CCC'

Ratings agency Fitch on Friday cut Greece's credit rating to 'CCC' from 'B' saying lack of market access, tight liquidity and uncertainty over the timely release of aid from its official creditors are exerting pressure on government funding. Fitch, Standa
Published 29 Mar, 2015 12:00am
Fitch cuts Greece's rating to 'CCC'

Fitch cuts Greece's rating to 'CCC'

Ratings agency Fitch on Friday cut Greece's credit rating to 'CCC' from 'B' saying lack of market access, tight liquidity and uncertainty over the timely release of aid from its official creditors are exerting pressure on government funding. Fitch, Standa
Published 29 Mar, 2015 12:00am
Dispute declared in South Africa's public sector pay talks

Dispute declared in South Africa's public sector pay talks

South African public service unions and the government have failed to reach an agreement on workers' pay, a government official confirmed on Saturday, raising the prospect of a major strike in Africa's most advanced economy. Any strike action by the 1.3 m
Published 29 Mar, 2015 12:00am
Google to pay CFO more than $70 million

Google to pay CFO more than $70 million

Google Inc said it would pay its new Chief Financial Officer, Ruth Porat, more than $70 million through a combination of restricted stock units and a biennial grant. The company hired Morgan Stanley CFO Porat as its finance chief earlier this week, a sign
Published 29 Mar, 2015 12:00am
Former American Apparel CEO seeking $40 million in damages

Former American Apparel CEO seeking $40 million in damages

The founder and former chief executive of American Apparel Inc, Dov Charney, plans to file a lawsuit claiming $40 million in damages for breaches of his employment contract, and more lawsuits are planned, his attorney said on Friday.
Published 29 Mar, 2015 12:00am
Former Credit Suisse bankers spared prison in US tax evasion case

Former Credit Suisse bankers spared prison in US tax evasion case

A US judge on Friday decided not to require prison time for two former Credit Suisse Group AG bankers who pleaded guilty to helping US customers evade taxes by using Swiss accounts. US District Court Judge Gerald Lee sentenced Andreas Bachmann and Josef D
Published 29 Mar, 2015 12:00am
Britain's tax havens told to deliver timetable on central register

Britain's tax havens told to deliver timetable on central register

Britain's government has told two of its offshore financial tax havens to set out timetables for implementing a central register of companies revealing corporate ownership, in a bid to help combat tax evasion. Prime Minister David Cameron proposed plans f
Published 29 Mar, 2015 12:00am
Georgia passes solar-friendly legislation

Georgia passes solar-friendly legislation

Solar electric power would become far more accessible to Georgia homeowners under a bill approved by state lawmakers on Friday, making it easier to lease solar equipment and then sell the power generated back to electric companies. Georgia lawmakers loose
Published 29 Mar, 2015 12:00am
Swiss private bank UBP buys international arm of Coutts

Swiss private bank UBP buys international arm of Coutts

State-rescued Royal Bank of Scotland on Friday said it has sold the international arm of Coutts private bank to Swiss peer Union Bancaire Privee (UBP) for an undisclosed amount. The part-sale of Coutts, which counts Queen Elizabeth II among its rich and f
Published 29 Mar, 2015 12:00am
Ford CEO received $18.6 million in 2014 compensation

Ford CEO received $18.6 million in 2014 compensation

Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 million that predecessor Alan Mulally received in 2013, the company said on Friday. Last year's compensation for Fields, 54, w
Published 29 Mar, 2015 12:00am
Canada's Future Shop chain consigned to history

Canada's Future Shop chain consigned to history

Best Buy announced Saturday that it was closing its Canadian electronics Future Shop stores and cutting some 1,500 jobs, though half the locations will reopen under the American retailer's banner. Closures across Future Shop's 131 stores went into effect
Published 29 Mar, 2015 12:00am
Carney says BoE rates likely to rise

Carney says BoE rates likely to rise

The Bank of England expects its next move in interest rates to be an increase not a cut despite record low inflation, Bank of England Governor Mark Carney said on Friday, underscoring his difference of view with the Bank's chief economist.
Published 29 Mar, 2015 12:00am
Argentina suspends Citibank from capital market operations

Argentina suspends Citibank from capital market operations

The Argentine securities regulator said on Friday Citibank Argentina had violated local laws in striking a deal with litigating US hedge funds and suspended the bank from conducting capital market operations. Under the accord, Citibank agreed not to appea
Published 29 Mar, 2015 12:00am
Argentina suspends Citibank from capital market operations

Argentina suspends Citibank from capital market operations

The Argentine securities regulator said on Friday Citibank Argentina had violated local laws in striking a deal with litigating US hedge funds and suspended the bank from conducting capital market operations. Under the accord, Citibank agreed not to appea
Published 29 Mar, 2015 12:00am
UN vows to step up Iraq heritage protection

UN vows to step up Iraq heritage protection

The head of the United Nations cultural body vowed in Baghdad Saturday to step up measures aimed at protecting Iraq's heritage, which has been systematically targeted by jihadist militants. UNESCO chief Irina Bokova launched a Japanese-funded initiative t
Published 29 Mar, 2015 12:00am
Liberia's first Ebola patient in over a month dies

Liberia's first Ebola patient in over a month dies

A Liberian woman who last week became the country's first Ebola patient in more than a month has died, a senior official said Saturday, adding that two new suspected cases had been identified. The woman, who was diagnosed with Ebola on March 20, is the wi
Published 29 Mar, 2015 12:00am
Republican lawmaker says Clinton wiped clean email server

Republican lawmaker says Clinton wiped clean email server

The Republican chairman of a US House of Representatives committee investigating the 2012 Benghazi attacks said on Friday that former Secretary of State Hillary Clinton had failed to respond to the panel's subpoena for documents in the case.
Published 29 Mar, 2015 12:00am
Spanish 'pop-up' Pompidou art centre opens in Malaga

Spanish 'pop-up' Pompidou art centre opens in Malaga

France's Pompidou Centre on Saturday brought dozens of its 20th and 21st century artwork to one of Spain's most popular coastlines, opening in the Andalusian port of Malaga the first of several international outposts. The gallery will house works shipped
Published 29 Mar, 2015 12:00am
Somalia hotel siege ends, 14 dead

Somalia hotel siege ends, 14 dead

A hotel siege by al Shabaab militants in the Somali capital has ended and the final death toll from the attack stands at 14, a senior government official said on Saturday. Al Shabaab fighters blasted and shot their way into the popular Hotel Maka Al Mukar
Published 29 Mar, 2015 12:00am
Bangladesh's banks to be investigated for militant financing

Bangladesh's banks to be investigated for militant financing

The Bangladesh central bank governor said on Saturday all commercial banks would be investigated for links to Islamist militants and warned lenders would be shut down if found to be involved in funding such organisations. Bangladesh Bank's Atiur Rahman sa
Published 29 Mar, 2015 12:00am
Cameron launches re-election campaign with health vow

Cameron launches re-election campaign with health vow

British Prime Minister David Cameron kicked off his re-election campaign Saturday for May's tight poll by echoing his main rival with a new promise to improve the state-run National Health Service (NHS). Cameron's centre-right Conservatives are neck-and-n
Published 29 Mar, 2015 12:00am
Japan is set to extend sanctions on North Korea

Japan is set to extend sanctions on North Korea

Japan will likely extend its sanctions against North Korea because of Pyongyang's delay in reporting into its abductions of Japanese citizens decades ago, the Nikkei business daily reported on Saturday without citing sources. The government is poised to d
Published 29 Mar, 2015 12:00am
Italy clears Knox of murder that gripped the world

Italy clears Knox of murder that gripped the world

Italy's top court has thrown out Amanda Knox's conviction for the 2007 murder of British student Meredith Kercher, bringing a sensational end to an eight-year legal drama that has gripped a global audience. Judges at the Court of Cassation on Friday also
Published 29 Mar, 2015 12:00am
Xavi signs with Qatari side

Xavi signs with Qatari side

Barcelona and Spain's Xavi Hernandez, one of the greatest midfielders of the modern era, has signed for Qatari side Al Sadd, officials in the Gulf claimed on Saturday. Pictures posted on social media by Al Sadd first-team manager Abdullah Al-Berik said th
Published 29 Mar, 2015 12:00am
Figure skating: Fernandez upsets Hanyu to take gold in Shanghai

Figure skating: Fernandez upsets Hanyu to take gold in Shanghai

Javier Fernandez successfully landed two quadruple jumps in his free skate to beat Japan's defending champion Yuzuru Hanyu and become Spain's first male champion at the world figure skating championships in Shanghai on Saturday. Russia's Elizaveta Tuktamy
Published 29 Mar, 2015 12:00am
Terminally ill Crowe braced for 'last' match

Terminally ill Crowe braced for 'last' match

Terminally ill Martin Crowe admits that Sunday's World Cup final between his beloved New Zealand and Australia could be the last game he'll ever see. Known as one of the game's most stylish batsmen, the 52-year-old Crowe has been battling a rare blood dis
Published 29 Mar, 2015 12:00am
Fantastic Four win Serena Polo Cup

Fantastic Four win Serena Polo Cup

From five teams to two -after 3 days of dramatic polo action, the final match of the Serena Polo Tournament came to a thrilling end on Saturday afternoon. The event was attended by ambassadors, diplomats and the elite of the twin cities. Foreign Secretary
Published 29 Mar, 2015 12:00am
IOC receives rights assurances for Winter Games bids

IOC receives rights assurances for Winter Games bids

The International Olympic Committee (IOC) has received non-discrimination assurances from Beijing and Almaty's bids to host the 2022 Winter Olympics, an official said on Saturday after Beijing police raided an anti-discrimination group this week. The IOC
Published 29 Mar, 2015 12:00am
'Ultimate game' excites New Zealand skipper McCullum

'Ultimate game' excites New Zealand skipper McCullum

New Zealand captain Brendon McCullum said he was excited, not intimidated, at the prospect of leading his country in their first World Cup final when they face old foes Australia at the gigantic Melbourne Cricket Ground on Sunday. Australia, the top-ranke
Published 29 Mar, 2015 12:00am
Azarenka crushes Jankovic at Miami

Azarenka crushes Jankovic at Miami

Two times Miami Open winner Victoria Azarenka crushed Serbia's Jelena Jankovic 6-1 6-1 in the second round at Key Biscayne on Friday. The clash of two former world number ones was expected to be a close battle but Azarenka, winner in Miami in 2009 and 201
Published 29 Mar, 2015 12:00am
Kane makes England mark after 80 seconds

Kane makes England mark after 80 seconds

England striker Harry Kane scored 80 seconds into his debut after coming on as a substitute against Lithuania in a Euro 2016 Group E qualifier to complete a 4-0 win at Wembley Stadium on Friday. Kane, the joint top scorer in the Premier League with 19 goa
Published 29 Mar, 2015 12:00am
Nadal and Murray advance in Miami

Nadal and Murray advance in Miami

Rafa Nadal and Andy Murray got their Miami Open bids off to a solid start with straight sets victories at Key Biscayne on Friday. Nadal defeated fellow Spaniard Nicolas Almagro 6-4 6-2 in 89 minutes in windy conditions as he began his campaign to finally
Published 29 Mar, 2015 12:00am
Clarke to quit ODI as Australia, New Zealand eye World Cup title

Clarke to quit ODI as Australia, New Zealand eye World Cup title

Australia captain Michael Clarke will quit one-day international cricket after the World Cup final, bringing the curtain down on his 12-year career and adding a fresh edge to Sunday's Melbourne showdown against New Zealand.
Published 29 Mar, 2015 12:00am
Canadian $ weakens

Canadian $ weakens

The Canadian dollar fell against its US counterpart on Friday, sideswiped by retreating oil prices and facing concern that Canadian economic growth data next week could show more weakness. Brent oil fell below $50 a barrel after spiking higher on Thursday
Published 29 Mar, 2015 12:00am
Czech central bank to leave FX regime untouched

Czech central bank to leave FX regime untouched

The Czech central bank (CNB) will not adjust its weak crown policy or postpone the planned exit from the programme at its March 26 board meeting, but may expect the market to test its resolve to defend the exchange rate cap at some point, a Reuters poll s
Published 29 Mar, 2015 12:00am
Dollar could see more downward pressure: Citi chief economist

Dollar could see more downward pressure: Citi chief economist

More losses could follow the dollar's recent 5-cent slide versus the euro, Citigroup global chief economist Willem Buiter said on Friday, another major voice to question forecasts the greenback will march relentlessly higher.
Published 29 Mar, 2015 12:00am
Dollar ends week lower after Yellen comments have muted impact

Dollar ends week lower after Yellen comments have muted impact

The US dollar edged lower against a basket of major currencies on Friday after traders were reluctant to buy the greenback ahead of US jobs data next week, and after comments from Federal Reserve Chair Janet Yellen.
Published 29 Mar, 2015 12:00am
US dollar longs up; euro shorts at record high

US dollar longs up; euro shorts at record high

Positive bets on the US dollar rose in the latest week, while net shorts on the euro jumped to a record high, according to data from the Commodity Futures Trading Commission and Thomson Reuters that was released on Friday.
Published 29 Mar, 2015 12:00am
Mexico currency commission announces measures to stem peso slide

Mexico currency commission announces measures to stem peso slide

Mexico's currency commission announced measures on Wednesday to stem a slide in the peso to record lows, including plans to auction around $3 billion over the next three months and slowing the pace of reserve accumulation.
Published 29 Mar, 2015 12:00am
Franc fallout sparks prime broking shake-out

Franc fallout sparks prime broking shake-out

Losses from the Swiss franc's surge in January have triggered a shake-up in the "prime broking" services that currency trading banks offer clients, raising costs and leaving some smaller players struggling to find feasible relationships.
Published 29 Mar, 2015 12:00am
Chinese yuan to rise only a little this year

Chinese yuan to rise only a little this year

The Chinese yuan will likely rise only slightly over the coming year as broad dollar strength, the threat of deflation and weak economic growth raises the chance of further stimulus from the central bank, a Reuters poll showed. The poll also showed the In
Published 29 Mar, 2015 12:00am
Crash pilot was psychiatric patient, planned big gesture

Crash pilot was psychiatric patient, planned big gesture

The co-pilot suspected of deliberately crashing an airliner, killing 150 people, had told his girlfriend he was planning a spectacular gesture so "everyone will know my name", a German daily said on Saturday. The Bild newspaper published an interview with
Published 29 Mar, 2015 12:00am
6.0-magnitude earthquake strikes Chile

6.0-magnitude earthquake strikes Chile

A 6.0-magnitude earthquake struck northern Chile on Saturday, the United States Geological Service said. There were no immediate reports of damage. The USGS said the quake hit at 1:36 pm (1636 GMT) at a depth of 109 kilometers (68 miles) around 40 kilomet
Published 29 Mar, 2015 12:00am
US, Russian crew blasts off for year-long stay on space station

US, Russian crew blasts off for year-long stay on space station

A Russian Soyuz rocket blasted off from the Baikonur Cosmodrome in Kazakhstan on Friday, sending a US astronaut and two Russian cosmonauts on their way to the International Space Station, a NASA Television broadcast showed. Two of the men, NASA astronaut
Published 29 Mar, 2015 12:00am
Europe launches first Galileo satellites since orbit error

Europe launches first Galileo satellites since orbit error

The European Union successfully launched two navigation satellites into Earth's orbit late on Friday, restarting a flagship project after a botched deployment in August that cost millions of euros to fix.
Published 29 Mar, 2015 12:00am
World's first 'Otaku' summit opens in Japan

World's first 'Otaku' summit opens in Japan

Japan opened what organisers are billing as the world's first "Otaku" summit Saturday, drawing visitors from around the world as the country looks to boost the international fan base for Japanese comic books and anime. So-called Otaku - usually translated
Published 29 Mar, 2015 12:00am
Islamist groups seize Syrian city Idlib for first time

Islamist groups seize Syrian city Idlib for first time

Islamist groups including al Qaeda's Nusra Front have seized the city of Idlib for the first time in Syria's civil war, fighters and a monitoring group said on Saturday. By taking Idlib, capital of a north-western province of the same name, hard-line Isla
Published 29 Mar, 2015 12:00am
Sri Lankan president's brother dies

Sri Lankan president's brother dies

The youngest brother of Sri Lankan president Maithripala Sirisena died in hospital Saturday after being attacked by an axe wielding acquaintance two days earlier, police said. Priyantha Sirisena, 42, suffered severe head injuries in his hometown of Polonn
Published 29 Mar, 2015 12:00am
EU-Ukraine summit to take place on April 27: Poroshenko

EU-Ukraine summit to take place on April 27: Poroshenko

A summit between top European Union officials and Ukraine's leaders will take place in Kiev at the end of April, Ukraine President Petro Poroshenko announced on Saturday. The summit comes amid a shaky cease-fire between Kiev forces and pro-Russian separat
Published 29 Mar, 2015 12:00am
Tanzania orders probe into 'ghost workers'

Tanzania orders probe into 'ghost workers'

Tanzanian President Jakaya Kikwete has ordered a probe into "ghost workers" on the public sector payroll after a new audit revealed the government paid 141.4 billion Tanzanian shillings ($76.6 million) to fake workers over the past year.
Published 29 Mar, 2015 12:00am
Militant bomb near Cairo University wounds 8

Militant bomb near Cairo University wounds 8

A bomb wounded four civilians and four policemen outside Cairo University Saturday, Egyptian police and health officials said, in an attack by a militant group that has previously targeted the campus. There have been several explosions outside the univers
Published 29 Mar, 2015 12:00am
Lights out as Earth Hour kicks off

Lights out as Earth Hour kicks off

Hong Kong's iconic skyline dimmed and the sails on Sydney's Opera House went dark Saturday, as lights on landmarks across Asia were switched off for the global climate change awareness campaign Earth Hour. Millions are expected to take part around the wor
Published 29 Mar, 2015 12:00am
QWP calls for bringing Fata into national mainstream

QWP calls for bringing Fata into national mainstream

Qaumi Watan Party (QWP) has called for mainstreaming the Federally Administered Tribal Areas through brining legal and political reforms and to make appropriate amendments into the article 247 of the constitution for provision of legal and constitutional
Published 29 Mar, 2015 12:00am
Non-party LG polls challenged in LHC

Non-party LG polls challenged in LHC

A petition in the Lahore High Court has challenged the non-party Local Government elections being held in the Cantonment areas. Petitioner Azhar Siddique said the court had already declared this sort of elections unconstitutional, and that Section 14 of t
Published 29 Mar, 2015 12:00am
Use of weapons: Swat police training schools' watchmen

Use of weapons: Swat police training schools' watchmen

Swat Police has started imparting the training of the use of weapons to watchmen for provision of public sector schools of the district. In first phase over 1000 watchmen were given formal training of the use of weapons and making targets. The initiative
Published 29 Mar, 2015 12:00am
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