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Print - 2015-08-02
Telefonica lifts revenue forecast as Spanish market turns corner

Telefonica lifts revenue forecast as Spanish market turns corner

Spanish telecoms group Telefonica raised its 2015 revenue forecast after it reported strong second-quarter results, saying its problematic home market was beginning to return to growth. The company has seen Spanish revenues fall for the past six years as
Published 02 Aug, 2015 12:00am
Telefonica lifts revenue forecast as Spanish market turns corner

Telefonica lifts revenue forecast as Spanish market turns corner

Spanish telecoms group Telefonica raised its 2015 revenue forecast after it reported strong second-quarter results, saying its problematic home market was beginning to return to growth. The company has seen Spanish revenues fall for the past six years as
Published 02 Aug, 2015 12:00am
LG Electronics Q2 profit slumps 60 percent on weak TV

LG Electronics Q2 profit slumps 60 percent on weak TV

South Korea's LG Electronics Inc said its quarterly profit skidded 60 percent, plummeting below estimates, as sales of televisions and smartphones buckled under weaker demand and intense competition from rivals. LG, the world's No 2 TV maker after Samsung
Published 02 Aug, 2015 12:00am
LG Electronics Q2 profit slumps 60 percent on weak TV

LG Electronics Q2 profit slumps 60 percent on weak TV

South Korea's LG Electronics Inc said its quarterly profit skidded 60 percent, plummeting below estimates, as sales of televisions and smartphones buckled under weaker demand and intense competition from rivals. LG, the world's No 2 TV maker after Samsung
Published 02 Aug, 2015 12:00am
Carlyle's second-quarter earnings drop

Carlyle's second-quarter earnings drop

Private equity firm Carlyle Group LP said on Wednesday its second-quarter earnings dropped 38 percent year-on-year as the value of its energy and hedge funds decreased, even as it generated more cash by cashing out on several of its assets. Carlyle's priv
Published 02 Aug, 2015 12:00am
Carlyle's second-quarter earnings drop

Carlyle's second-quarter earnings drop

Private equity firm Carlyle Group LP said on Wednesday its second-quarter earnings dropped 38 percent year-on-year as the value of its energy and hedge funds decreased, even as it generated more cash by cashing out on several of its assets. Carlyle's priv
Published 02 Aug, 2015 12:00am
India seeks $4 billion spending boost, almost half for state banks

India seeks $4 billion spending boost, almost half for state banks

India's Finance Minister Arun Jaitley sought parliament's approval on Friday to increase the spending budget for this fiscal year by $4 billion, with almost half to be used to inject extra capital into state banks struggling with bad loans. High levels of
Published 02 Aug, 2015 12:00am
Kuwait's Zain Q2 net profit falls 33 percent
Currency

Kuwait's Zain Q2 net profit falls 33 percent

Zain, Kuwait's biggest telecom operator by subscribers, reported a 33 percent fall in second-quarter profit on Wednesday, extending a sustained earnings slump as difficulties in Iraq and a strong dollar hurt earnings. The former monopoly, which operates i
Published 02 Aug, 2015 12:00am
Kuwait's Zain Q2 net profit falls 33 percent
Currency

Kuwait's Zain Q2 net profit falls 33 percent

Zain, Kuwait's biggest telecom operator by subscribers, reported a 33 percent fall in second-quarter profit on Wednesday, extending a sustained earnings slump as difficulties in Iraq and a strong dollar hurt earnings. The former monopoly, which operates i
Published 02 Aug, 2015 12:00am
Ecuador signs $2.5 billion oil supply deal with Thailand

Ecuador signs $2.5 billion oil supply deal with Thailand

Ecuador's state oil company Petroecuador has signed a crude oil supply agreement with a division of Thailand's state-run PTT under which the Andean country will receive a $2.5 billion up-front payment, local media reported on Friday. The agreement was sig
Published 02 Aug, 2015 12:00am
Nintendo swings to Q1 profit on strong figurine sales

Nintendo swings to Q1 profit on strong figurine sales

Japan's Nintendo Co Ltd booked a profit for the April-June quarter, defying market expectations for a loss due to a weaker yen and strong sales of its "amiibo" figurines which are sold as accessories to its popular games. Nintendo swung to a first-quarter
Published 02 Aug, 2015 12:00am
Nintendo swings to Q1 profit on strong figurine sales

Nintendo swings to Q1 profit on strong figurine sales

Japan's Nintendo Co Ltd booked a profit for the April-June quarter, defying market expectations for a loss due to a weaker yen and strong sales of its "amiibo" figurines which are sold as accessories to its popular games. Nintendo swung to a first-quarter
Published 02 Aug, 2015 12:00am
Panasonic Q1 profit falls seven percent as housing tech sales decline

Panasonic Q1 profit falls seven percent as housing tech sales decline

Japan's Panasonic Corp reported a 7 percent decline in first-quarter operating profit, missing analyst estimates, as sales fell in its appliances and housing technology businesses. Profit for April-June fell to 76.56 billion yen ($619.02 million) from the
Published 02 Aug, 2015 12:00am
Panasonic Q1 profit falls seven percent as housing tech sales decline

Panasonic Q1 profit falls seven percent as housing tech sales decline

Japan's Panasonic Corp reported a 7 percent decline in first-quarter operating profit, missing analyst estimates, as sales fell in its appliances and housing technology businesses. Profit for April-June fell to 76.56 billion yen ($619.02 million) from the
Published 02 Aug, 2015 12:00am
DuPont sees 'challenging' months ahead as farm sales weaken

DuPont sees 'challenging' months ahead as farm sales weaken

Chemical and crop company DuPont said the remainder of the year would be "challenging", as a strong dollar and persistently weak demand for its farm products continue to chip away at sales. DuPont also cut its full-year profit forecast due to the weak out
Published 02 Aug, 2015 12:00am
Regulator delays decision on whether big funds systemically important

Regulator delays decision on whether big funds systemically important

Global work by regulators on whether big asset managers should face tougher rules because of their size has been put on hold to focus on their ability to cope in volatile markets, a task force set up for the Group of 20 leading economies said. The Financi
Published 02 Aug, 2015 12:00am
Regulator delays decision on whether big funds systemically important

Regulator delays decision on whether big funds systemically important

Global work by regulators on whether big asset managers should face tougher rules because of their size has been put on hold to focus on their ability to cope in volatile markets, a task force set up for the Group of 20 leading economies said. The Financi
Published 02 Aug, 2015 12:00am
Indian state lenders' Q1 earnings dragged by rise in bad loans

Indian state lenders' Q1 earnings dragged by rise in bad loans

Three of India's leading state-run lenders reported a drop in their first quarter net profits, weighed down by rise in provision for bad loans and cooling expectations of a turnaround in the country's dominant but ailing government banking sector. India's
Published 02 Aug, 2015 12:00am
Bayer profit boosted by new drugs, better plastics margins
Currency

Bayer profit boosted by new drugs, better plastics margins

German drugmaker Bayer saw underlying core earnings increase by one third in the second quarter, helped by a gain in prescriptions of new drugs such a stroke prevention pill Xarelto and lower raw material costs at its plastics division. Adjusted earnings
Published 02 Aug, 2015 12:00am
Bayer profit boosted by new drugs, better plastics margins
Currency

Bayer profit boosted by new drugs, better plastics margins

German drugmaker Bayer saw underlying core earnings increase by one third in the second quarter, helped by a gain in prescriptions of new drugs such a stroke prevention pill Xarelto and lower raw material costs at its plastics division. Adjusted earnings
Published 02 Aug, 2015 12:00am
Singapore Airlines Q1 net profit more than doubles
Currency

Singapore Airlines Q1 net profit more than doubles

Singapore Airlines (SIA) said its first quarter net profit more than doubled from a year earlier as fuel expenses fell due to lower oil prices. Net profit for the three months to June came in at Sg$91.2 million ($67 million), up 162 percent from Sg$34.8 m
Published 02 Aug, 2015 12:00am
Singapore Airlines Q1 net profit more than doubles
Currency

Singapore Airlines Q1 net profit more than doubles

Singapore Airlines (SIA) said its first quarter net profit more than doubled from a year earlier as fuel expenses fell due to lower oil prices. Net profit for the three months to June came in at Sg$91.2 million ($67 million), up 162 percent from Sg$34.8 m
Published 02 Aug, 2015 12:00am
BP less likely to be acquired after $18.7 billion settlement: CEO

BP less likely to be acquired after $18.7 billion settlement: CEO

BP is less likely to be acquired following its $18.7 billion settlement over the 2010 Macondo oil spill, Chief Executive Officer Bob Dudley said on Tuesday. The has been much speculation in recent months that the British oil and gas giant could become an
Published 02 Aug, 2015 12:00am
GSK flags up pipeline as HIV drugs help it beat profit forecasts

GSK flags up pipeline as HIV drugs help it beat profit forecasts

GlaxoSmithKline moved to reclaim its prowess as a research powerhouse on Wednesday by flagging up dozens of new drugs and vaccines in development, as demand for new HIV medicines helped it beat quarterly profit forecasts. Strong sales of Tivicay and Trium
Published 02 Aug, 2015 12:00am
China July factory growth unexpectedly stalls

China July factory growth unexpectedly stalls

Growth at China's big manufacturing companies unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that the economy needs more stimulus as it faces fresh risks from a stock market slu
Published 02 Aug, 2015 12:00am
South Korea July exports fall, outlook on China grows gloomier

South Korea July exports fall, outlook on China grows gloomier

South Korean exports extended their losing streak to a seventh straight month in July, pointing to little respite in sight for Asia's trade-reliant economies as Chinese demand cools and global commodity prices take a fresh tumble. Exports fell 3.3 percent
Published 02 Aug, 2015 12:00am
Puerto Rico nears default as debt restructuring beckons

Puerto Rico nears default as debt restructuring beckons

Puerto Rico on Friday made a payment on debt owed by its Government Development Bank, but the US territory may still be short of the funds needed to pay all of its imminent obligations. "The GDB will make the $169 million payment for the debt service on i
Published 02 Aug, 2015 12:00am
Texas company to expand oil-by-rail terminal

Texas company to expand oil-by-rail terminal

A private Texas company already well-versed in treating and moving super-light crude oil has acquired a majority stake in a an oil-by-rail terminal in Port Arthur with plans to expand into refined fuels and other liquids. San Antonio-based Howard Energy P
Published 02 Aug, 2015 12:00am
Eurozone inflation stable at 0.2 percent, still far off ECB target

Eurozone inflation stable at 0.2 percent, still far off ECB target

Eurozone inflation was unchanged in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, leaving the European Central Bank with more work to do to push up prices. The European Union's statistics of
Published 02 Aug, 2015 12:00am
Eurozone inflation stable at 0.2 percent, still far off ECB target

Eurozone inflation stable at 0.2 percent, still far off ECB target

Eurozone inflation was unchanged in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, leaving the European Central Bank with more work to do to push up prices. The European Union's statistics of
Published 02 Aug, 2015 12:00am
Volkswagen lowers sales goal as demand in China slows down

Volkswagen lowers sales goal as demand in China slows down

Volkswagen lowered its sales forecast as demand weakens in China, where the group's largest division delivers more than 40 percent of its vehicles, outweighing gains in Europe. The German group on Wednesday scaled back its expectations, predicting full-ye
Published 02 Aug, 2015 12:00am
Venezuela receives $5 billion funding from China

Venezuela receives $5 billion funding from China

Venezuela received $5 billion in funding from China as part of the long-standing Joint Chinese-Venezuelan Fund, said Finance Minister Rodolfo Marco on Twitter. After last year's drop in oil prices, the Opec nation is suffering widespread shortages of basi
Published 02 Aug, 2015 12:00am
Canadian dollar to weaken on outlooks for dim growth
Currency

Canadian dollar to weaken on outlooks for dim growth

The Canadian dollar is likely to fall further in the coming months, hit by both a weak domestic economic outlook and an anticipated rise in interest rates in the United States, a Reuters poll showed. Oil prices are also expected to remain weak for the res
Published 02 Aug, 2015 12:00am
Speculators net US dollar longs edge up in latest week

Speculators net US dollar longs edge up in latest week

Speculators raised their bullish positions on the US dollar a tad earlier this week ahead of the Federal Reserve's policy statement, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of
Published 02 Aug, 2015 12:00am
Bank of India Q1 net plunges 84 percent as bad loans surge

Bank of India Q1 net plunges 84 percent as bad loans surge

Bank of India Ltd posted a bigger-than-expected 84 percent fall in quarterly net profit as bad loans surged, sending shares of the nation's third-biggest state-run lender by assets down to their lowest level in nearly two years. Punjab National Bank and U
Published 02 Aug, 2015 12:00am
Recovering Spanish banks see quarterly profits rise

Recovering Spanish banks see quarterly profits rise

Major Spanish banks reported a surge in quarterly net profits on Friday as earnings soared in a sector that just three years ago had to be bailed out. BBVA, Spain's second-biggest bank by market capitalisation, said net profits rose 73 percent to 1.2 bill
Published 02 Aug, 2015 12:00am
Recovering Spanish banks see quarterly profits rise

Recovering Spanish banks see quarterly profits rise

Major Spanish banks reported a surge in quarterly net profits on Friday as earnings soared in a sector that just three years ago had to be bailed out. BBVA, Spain's second-biggest bank by market capitalisation, said net profits rose 73 percent to 1.2 bill
Published 02 Aug, 2015 12:00am
Daily retail FX volumes dip to $317 billion in second quarter
Currency

Daily retail FX volumes dip to $317 billion in second quarter

Online retail brokers traded $317 billion worth of currencies a day in the second quarter, down around 13 percent on the quarter but still up substantially compared to the same period last year, according to industry website Finance Magnates. Previously v
Published 02 Aug, 2015 12:00am
Pfandbriefbank says flotation plans unaffected by market wobbles

Pfandbriefbank says flotation plans unaffected by market wobbles

German property and public investment lender Deutsche Pfandbriefbank (PBB) will press on with a stock market debut planned for July 16 in the face of market turbulence, its co-chief executive said on Wednesday. "Despite Greece and other issues, the curren
Published 02 Aug, 2015 12:00am
Deutsche Boerse eyes possible bid for FX platform
Currency

Deutsche Boerse eyes possible bid for FX platform

Deutsche Boerse is looking at the possibility of buying currency trading platform 360T, a source familiar with the situation said on Monday, although it was not yet clear if the German exchange operator will place a binding bid.
Published 02 Aug, 2015 12:00am
ADIB Q2 net profit rises 10.5 percent

ADIB Q2 net profit rises 10.5 percent

Abu Dhabi Islamic Bank (ADIB) posted a 10.5 percent rise in second-quarter net profit, beating analysts' estimates, as fee income boosted revenues. Banks in the United Arab Emirates are seeking to expand their income from sources other than interest as to
Published 02 Aug, 2015 12:00am
ADIB Q2 net profit rises 10.5 percent

ADIB Q2 net profit rises 10.5 percent

Abu Dhabi Islamic Bank (ADIB) posted a 10.5 percent rise in second-quarter net profit, beating analysts' estimates, as fee income boosted revenues. Banks in the United Arab Emirates are seeking to expand their income from sources other than interest as to
Published 02 Aug, 2015 12:00am
Nigeria banks reject dollar deposits to curb speculation
Currency

Nigeria banks reject dollar deposits to curb speculation

Nigeria's commercial lenders have stopped accepting cash deposits in dollars, in a move to discourage speculation on the naira currency, two banks said on Friday. "Banks no longer accept dollar cash due to large speculation on the currency," the chief exe
Published 02 Aug, 2015 12:00am
Emerging central banks step in to curb currency falls
Currency

Emerging central banks step in to curb currency falls

Steep falls in emerging market currencies have jolted central bankers across the developing world into action to try and stem the weakness. A J.P. Morgan index tracking 22 emerging market currencies traded at a record low 71.3 on Friday, and with the US F
Published 02 Aug, 2015 12:00am
US SRAP Ambassador meets CoAS

US SRAP Ambassador meets CoAS

Unites States Special Representative for Afghanistan and Pakistan (SRAP) Ambassador Daniel Feldman met Chief of the Army Staff (CoAS) General Raheel Sharif, here on Saturday and discussed regional security and stability. He appreciated Pakistan's positive
Published 02 Aug, 2015 12:00am
US SRAP Ambassador meets CoAS

US SRAP Ambassador meets CoAS

Unites States Special Representative for Afghanistan and Pakistan (SRAP) Ambassador Daniel Feldman met Chief of the Army Staff (CoAS) General Raheel Sharif, here on Saturday and discussed regional security and stability. He appreciated Pakistan's positive
Published 02 Aug, 2015 12:00am
India resorts to unprovoked firing at Sialkot border

India resorts to unprovoked firing at Sialkot border

The Indian Border Security Forces (BSF) on Saturday resorted unprovoked intensified firing on Sialkot border villages in Bajwat sector of Sialkot Working Boundary targeting the civilian population. According to the senior officials of the Punjab Rangers (
Published 02 Aug, 2015 12:00am
India resorts to unprovoked firing at Sialkot border

India resorts to unprovoked firing at Sialkot border

The Indian Border Security Forces (BSF) on Saturday resorted unprovoked intensified firing on Sialkot border villages in Bajwat sector of Sialkot Working Boundary targeting the civilian population. According to the senior officials of the Punjab Rangers (
Published 02 Aug, 2015 12:00am
Two Ukrainian soldiers killed in war-torn east

Two Ukrainian soldiers killed in war-torn east

Two Ukrainian soldiers were killed and 14 more injured over 24 hours in clashes between government forces and pro-Russian rebels in eastern Ukraine, a security official in Kiev said Saturday. Most of the casualties were near Donetsk, the major separatist
Published 02 Aug, 2015 12:00am
Two Ukrainian soldiers killed in war-torn east

Two Ukrainian soldiers killed in war-torn east

Two Ukrainian soldiers were killed and 14 more injured over 24 hours in clashes between government forces and pro-Russian rebels in eastern Ukraine, a security official in Kiev said Saturday. Most of the casualties were near Donetsk, the major separatist
Published 02 Aug, 2015 12:00am
Crowds cheer Bangladesh-India land swap after 70 years in limbo

Crowds cheer Bangladesh-India land swap after 70 years in limbo

Jubilant crowds celebrated Saturday as Bangladesh and India swapped tiny islands of land, ending one of the world's most intractable border disputes that has kept thousands in limbo for nearly seven decades. As the clock struck one minute past midnight (1
Published 02 Aug, 2015 12:00am
Crowds cheer Bangladesh-India land swap after 70 years in limbo

Crowds cheer Bangladesh-India land swap after 70 years in limbo

Jubilant crowds celebrated Saturday as Bangladesh and India swapped tiny islands of land, ending one of the world's most intractable border disputes that has kept thousands in limbo for nearly seven decades. As the clock struck one minute past midnight (1
Published 02 Aug, 2015 12:00am
Immigration the major concern for Europeans: poll

Immigration the major concern for Europeans: poll

Immigration is the main concern of Europeans, ahead of economic problems and unemployment, according to a new opinion poll released by the European Commission. A similar poll last November had the economic situation, employment, and public deficits top of
Published 02 Aug, 2015 12:00am
Immigration the major concern for Europeans: poll

Immigration the major concern for Europeans: poll

Immigration is the main concern of Europeans, ahead of economic problems and unemployment, according to a new opinion poll released by the European Commission. A similar poll last November had the economic situation, employment, and public deficits top of
Published 02 Aug, 2015 12:00am
Immigration the major concern for Europeans: poll

Immigration the major concern for Europeans: poll

Immigration is the main concern of Europeans, ahead of economic problems and unemployment, according to a new opinion poll released by the European Commission. A similar poll last November had the economic situation, employment, and public deficits top of
Published 02 Aug, 2015 12:00am
ECP chief takes away administrative powers of members

ECP chief takes away administrative powers of members

Chief Election Commissioner Pakistan (ECP) Sardar Raza has on Saturday absolved all the commission members of their administrative authorities. According to sources, CECP has absolved all the provincial chiefs of the Election Commission of the administrat
Published 02 Aug, 2015 12:00am
ECP chief takes away administrative powers of members

ECP chief takes away administrative powers of members

Chief Election Commissioner Pakistan (ECP) Sardar Raza has on Saturday absolved all the commission members of their administrative authorities. According to sources, CECP has absolved all the provincial chiefs of the Election Commission of the administrat
Published 02 Aug, 2015 12:00am
Bin Laden relatives killed in UK plane crash

Bin Laden relatives killed in UK plane crash

Members of Osama bin Laden's family were among four people who died when a private jet crashed in Britain, Saudi Arabia's embassy in London said Saturday. The Saudi-registered plane ploughed into a car auction site and burst into flames in southern Englan
Published 02 Aug, 2015 12:00am
Bin Laden relatives killed in UK plane crash

Bin Laden relatives killed in UK plane crash

Members of Osama bin Laden's family were among four people who died when a private jet crashed in Britain, Saudi Arabia's embassy in London said Saturday. The Saudi-registered plane ploughed into a car auction site and burst into flames in southern Englan
Published 02 Aug, 2015 12:00am
Charge sheet submitted: ATC orders non-bailable warrants for Altaf

Charge sheet submitted: ATC orders non-bailable warrants for Altaf

The police on Saturday submitted a charge sheet against Muttahida Qaumi Movement chief Altaf Hussain in an anti-terrorism court, accusing him of intimidating officials of Rangers' officials who had raided his party's headquarters Nine Zero. An FIR to this
Published 02 Aug, 2015 12:00am
Charge sheet submitted: ATC orders non-bailable warrants for Altaf

Charge sheet submitted: ATC orders non-bailable warrants for Altaf

The police on Saturday submitted a charge sheet against Muttahida Qaumi Movement chief Altaf Hussain in an anti-terrorism court, accusing him of intimidating officials of Rangers' officials who had raided his party's headquarters Nine Zero. An FIR to this
Published 02 Aug, 2015 12:00am
MQM divided into two groups?

MQM divided into two groups?

Frustrated by ongoing Rangers operation in Karachi, the Muttahida Qaumi Movement (MQM)'s party leadership is said to be divided between the hawks and the doves. According to a senior member of MQM, who requested anonymity, those who remain firmly behind A
Published 02 Aug, 2015 12:00am
MQM divided into two groups?

MQM divided into two groups?

Frustrated by ongoing Rangers operation in Karachi, the Muttahida Qaumi Movement (MQM)'s party leadership is said to be divided between the hawks and the doves. According to a senior member of MQM, who requested anonymity, those who remain firmly behind A
Published 02 Aug, 2015 12:00am
Asaan Accounts: SBP extends timeline till September 30

Asaan Accounts: SBP extends timeline till September 30

The State Bank of Pakistan (SBP) has extended timeline for effective implementation of its guidelines vis-à-vis Low Risk Bank Accounts. Introducing Asaan Account, the SBP, on June 22, 2012, had issued guidelines on Low Risk Bank Accounts with simplified d
Published 02 Aug, 2015 12:00am
Asaan Accounts: SBP extends timeline till September 30

Asaan Accounts: SBP extends timeline till September 30

The State Bank of Pakistan (SBP) has extended timeline for effective implementation of its guidelines vis-à-vis Low Risk Bank Accounts. Introducing Asaan Account, the SBP, on June 22, 2012, had issued guidelines on Low Risk Bank Accounts with simplified d
Published 02 Aug, 2015 12:00am
Asaan Accounts: SBP extends timeline till September 30

Asaan Accounts: SBP extends timeline till September 30

The State Bank of Pakistan (SBP) has extended timeline for effective implementation of its guidelines vis-à-vis Low Risk Bank Accounts. Introducing Asaan Account, the SBP, on June 22, 2012, had issued guidelines on Low Risk Bank Accounts with simplified d
Published 02 Aug, 2015 12:00am
Pakistan win a T20 thriller against Sri Lanka

Pakistan win a T20 thriller against Sri Lanka

Shahid Afridi and Anwar Ali played key roles as Pakistan ended a successful tour of Sri Lanka with a thrilling one-wicket victory in the second Twenty20 international in Colombo on Saturday. Pakistan recovered from 40-5 in the eighth over to surpass Sri L
Published 02 Aug, 2015 12:00am
Pakistan win a T20 thriller against Sri Lanka

Pakistan win a T20 thriller against Sri Lanka

Shahid Afridi and Anwar Ali played key roles as Pakistan ended a successful tour of Sri Lanka with a thrilling one-wicket victory in the second Twenty20 international in Colombo on Saturday. Pakistan recovered from 40-5 in the eighth over to surpass Sri L
Published 02 Aug, 2015 12:00am
Pacific trade talks fail to end in TPP deal

Pacific trade talks fail to end in TPP deal

Delegates negotiating a huge Pacific free-trade agreement failed to reach a final deal Friday after several days of intense talks in Hawaii, in a setback to US President Barack Obama. But US Trade Representative Michael Froman, in a statement on behalf of
Published 02 Aug, 2015 12:00am
Pacific trade talks fail to end in TPP deal

Pacific trade talks fail to end in TPP deal

Delegates negotiating a huge Pacific free-trade agreement failed to reach a final deal Friday after several days of intense talks in Hawaii, in a setback to US President Barack Obama. But US Trade Representative Michael Froman, in a statement on behalf of
Published 02 Aug, 2015 12:00am
Pacific trade talks fail to end in TPP deal

Pacific trade talks fail to end in TPP deal

Delegates negotiating a huge Pacific free-trade agreement failed to reach a final deal Friday after several days of intense talks in Hawaii, in a setback to US President Barack Obama. But US Trade Representative Michael Froman, in a statement on behalf of
Published 02 Aug, 2015 12:00am
Indo-Pak security adviser level talks on 23rd & 24th

Indo-Pak security adviser level talks on 23rd & 24th

Talks between Pakistan and India on national security adviser level are scheduled to be held on August 23 and 24, 2015. A private TV channel quoting Indian media on Saturday said that much-awaited talks between Pakistan-India national security advisors wi
Published 02 Aug, 2015 12:00am
Indo-Pak security adviser level talks on 23rd & 24th

Indo-Pak security adviser level talks on 23rd & 24th

Talks between Pakistan and India on national security adviser level are scheduled to be held on August 23 and 24, 2015. A private TV channel quoting Indian media on Saturday said that much-awaited talks between Pakistan-India national security advisors wi
Published 02 Aug, 2015 12:00am
Mansour's appointment fuels divisions in Taliban ranks

Mansour's appointment fuels divisions in Taliban ranks

The appointment of Mulla Akhtar Mansour as the successor to Mullah Omar has fuelled divisions within the ranks of Afghan Taliban with many prominent Taliban reportedly challenging his appointment as the new chief of the movement. Sources close to Afghan T
Published 02 Aug, 2015 12:00am
Mansour's appointment fuels divisions in Taliban ranks

Mansour's appointment fuels divisions in Taliban ranks

The appointment of Mulla Akhtar Mansour as the successor to Mullah Omar has fuelled divisions within the ranks of Afghan Taliban with many prominent Taliban reportedly challenging his appointment as the new chief of the movement. Sources close to Afghan T
Published 02 Aug, 2015 12:00am
Taliban deny reports of Haqqani's death

Taliban deny reports of Haqqani's death

The Taliban Saturday denied reports of the death of the founder of Haqqani network, its allied militant group blamed for some of the deadliest attacks in Afghanistan. Some Pakistani media reported the death of Jalaluddin Haqqani, said to be in his 70s, on
Published 02 Aug, 2015 12:00am
Taliban deny reports of Haqqani's death

Taliban deny reports of Haqqani's death

The Taliban Saturday denied reports of the death of the founder of Haqqani network, its allied militant group blamed for some of the deadliest attacks in Afghanistan. Some Pakistani media reported the death of Jalaluddin Haqqani, said to be in his 70s, on
Published 02 Aug, 2015 12:00am
Mulla Mansour urges unity in ranks in first audio message

Mulla Mansour urges unity in ranks in first audio message

New Taliban leader Mullah Akhtar Mansour called for unity in the movement Saturday in his first audio message since becoming head of the group that faces deepening splits following the death of longtime chief Mullah Omar. Barely a few hours after Mansour'
Published 02 Aug, 2015 12:00am
Mulla Mansour urges unity in ranks in first audio message

Mulla Mansour urges unity in ranks in first audio message

New Taliban leader Mullah Akhtar Mansour called for unity in the movement Saturday in his first audio message since becoming head of the group that faces deepening splits following the death of longtime chief Mullah Omar. Barely a few hours after Mansour'
Published 02 Aug, 2015 12:00am
Erdogan, Nawaz discuss bilateral ties

Erdogan, Nawaz discuss bilateral ties

President of Turkey, Recep Tayyip Erdogan discussed bilateral ties with Prime Minister Muhammad Nawaz Sharif during his brief stopover on Saturday while on his way back from Indonesia. Earlier upon his arrival at Nur Khan Airbase, Prime Minister Nawaz Sha
Published 02 Aug, 2015 12:00am
Erdogan, Nawaz discuss bilateral ties

Erdogan, Nawaz discuss bilateral ties

President of Turkey, Recep Tayyip Erdogan discussed bilateral ties with Prime Minister Muhammad Nawaz Sharif during his brief stopover on Saturday while on his way back from Indonesia. Earlier upon his arrival at Nur Khan Airbase, Prime Minister Nawaz Sha
Published 02 Aug, 2015 12:00am
Greek bailout talks with auditors begin as market to reopen Monday

Greek bailout talks with auditors begin as market to reopen Monday

Senior EU-IMF auditors on Friday held their first meetings with Greek ministers to finalise a new three-year bailout as the Athens stock market prepares to reopen after being shut down for over a month by the debt crisis. Greece''s main stock exchange in
Published 02 Aug, 2015 12:00am
Greek bailout talks with auditors begin as market to reopen Monday

Greek bailout talks with auditors begin as market to reopen Monday

Senior EU-IMF auditors on Friday held their first meetings with Greek ministers to finalise a new three-year bailout as the Athens stock market prepares to reopen after being shut down for over a month by the debt crisis. Greece's main stock exchange in A
Published 02 Aug, 2015 12:00am
Greek bailout talks with auditors begin as market to reopen Monday

Greek bailout talks with auditors begin as market to reopen Monday

Senior EU-IMF auditors on Friday held their first meetings with Greek ministers to finalise a new three-year bailout as the Athens stock market prepares to reopen after being shut down for over a month by the debt crisis. Greece's main stock exchange in A
Published 02 Aug, 2015 12:00am
Surcharges, other reasons behind doubling of power bills

Surcharges, other reasons behind doubling of power bills

Imposition of three surcharges, higher energy consumption due to a heatwave and Ramazan, as well as the cessation of refund of Fuel Price Adjustment (FPA) in June 2015 are the major reasons behind doubling of electricity bills of consumers. Well-informed
Published 02 Aug, 2015 12:00am
Surcharges, other reasons behind doubling of power bills

Surcharges, other reasons behind doubling of power bills

Imposition of three surcharges, higher energy consumption due to a heatwave and Ramazan, as well as the cessation of refund of Fuel Price Adjustment (FPA) in June 2015 are the major reasons behind doubling of electricity bills of consumers. Well-informed
Published 02 Aug, 2015 12:00am
Surcharges, other reasons behind doubling of power bills

Surcharges, other reasons behind doubling of power bills

Imposition of three surcharges, higher energy consumption due to a heatwave and Ramazan, as well as the cessation of refund of Fuel Price Adjustment (FPA) in June 2015 are the major reasons behind doubling of electricity bills of consumers. Well-informed
Published 02 Aug, 2015 12:00am
Strike on August 7: government-APTMA talks end in stalemate

Strike on August 7: government-APTMA talks end in stalemate

The talks between government and All Pakistan Textile Mills Association (APTMA''s) to postpone the latter''s strike call of August 7 failed to produce results on Saturday after the Finance Ministry refused to accept industry''s demand for withdrawal of re
Published 02 Aug, 2015 12:00am
Strike on August 7: government-APTMA talks end in stalemate

Strike on August 7: government-APTMA talks end in stalemate

The talks between government and All Pakistan Textile Mills Association (APTMA's) to postpone the latter's strike call of August 7 failed to produce results on Saturday after the Finance Ministry refused to accept industry's demand for withdrawal of recen
Published 02 Aug, 2015 12:00am
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