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Print - 2016-03-14
FIA official meets Kamal and Qaimkhani

FIA official meets Kamal and Qaimkhani

Sindh Federal Investigation Agency (FIA) Director Shahid Hayat on Sunday met former Karachi mayor Mustafa Kamal and Anees Qaimkhani to investigate the allegations levelled against Muttahida Qaumi Movement (MQM). Sindh FIA Director reached Mustafa Kamal's
Published 14 Mar, 2016 12:00am
FIA official meets Kamal and Qaimkhani

FIA official meets Kamal and Qaimkhani

Sindh Federal Investigation Agency (FIA) Director Shahid Hayat on Sunday met former Karachi mayor Mustafa Kamal and Anees Qaimkhani to investigate the allegations levelled against Muttahida Qaumi Movement (MQM). Sindh FIA Director reached Mustafa Kamal's
Published 14 Mar, 2016 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

The rupee sustained its firmness against the dollar on the money market during the week, ended on March 12, 2016. In the interbank market, the rupee picked up seven paisas in relation to the dollar for buying and selling at Rs 104.66 and Rs 104.68.
Published 14 Mar, 2016 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

The rupee sustained its firmness against the dollar on the money market during the week, ended on March 12, 2016. In the interbank market, the rupee picked up seven paisas in relation to the dollar for buying and selling at Rs 104.66 and Rs 104.68.
Published 14 Mar, 2016 12:00am
Economic corridor: SCO seeks LDI licence

Economic corridor: SCO seeks LDI licence

The Special Communications Organisation (SCO) has approached Pakistan Telecommunication Authority (PTA) to get Long Distance International (LDI) service licence as required for operation on the China Pakistan Economic Corridor (CPEC), it is learnt.
Published 14 Mar, 2016 12:00am
Economic corridor: SCO seeks LDI licence

Economic corridor: SCO seeks LDI licence

The Special Communications Organisation (SCO) has approached Pakistan Telecommunication Authority (PTA) to get Long Distance International (LDI) service licence as required for operation on the China Pakistan Economic Corridor (CPEC), it is learnt.
Published 14 Mar, 2016 12:00am
Economic corridor: SCO seeks LDI licence

Economic corridor: SCO seeks LDI licence

The Special Communications Organisation (SCO) has approached Pakistan Telecommunication Authority (PTA) to get Long Distance International (LDI) service licence as required for operation on the China Pakistan Economic Corridor (CPEC), it is learnt.
Published 14 Mar, 2016 12:00am
Unconventional monetary policies get IMF support
Currency

Unconventional monetary policies get IMF support

Unconventional monetary policies of central banks in Europe and Japan received an endorsement from the International Monetary Fund on Sunday, even as policymakers from emerging markets warned that such policies were increasing risks for the global economy
Published 14 Mar, 2016 12:00am
Unconventional monetary policies get IMF support
Currency

Unconventional monetary policies get IMF support

Unconventional monetary policies of central banks in Europe and Japan received an endorsement from the International Monetary Fund on Sunday, even as policymakers from emerging markets warned that such policies were increasing risks for the global economy
Published 14 Mar, 2016 12:00am
Unconventional monetary policies get IMF support
Currency

Unconventional monetary policies get IMF support

Unconventional monetary policies of central banks in Europe and Japan received an endorsement from the International Monetary Fund on Sunday, even as policymakers from emerging markets warned that such policies were increasing risks for the global economy
Published 14 Mar, 2016 12:00am
Seventh Schedule of IT Ordinance: TRC proposes new provision

Seventh Schedule of IT Ordinance: TRC proposes new provision

Tax Reform Commission (TRC) has recommended a new provision in Seventh Schedule (banking schedule) of the Income Tax Ordinance 2001 to bind banking companies for providing detail regarding withholding tax deducted at source by the banks in the new format.
Published 14 Mar, 2016 12:00am
Seventh Schedule of IT Ordinance: TRC proposes new provision

Seventh Schedule of IT Ordinance: TRC proposes new provision

Tax Reform Commission (TRC) has recommended a new provision in Seventh Schedule (banking schedule) of the Income Tax Ordinance 2001 to bind banking companies for providing detail regarding withholding tax deducted at source by the banks in the new format.
Published 14 Mar, 2016 12:00am
Seventh Schedule of IT Ordinance: TRC proposes new provision

Seventh Schedule of IT Ordinance: TRC proposes new provision

Tax Reform Commission (TRC) has recommended a new provision in Seventh Schedule (banking schedule) of the Income Tax Ordinance 2001 to bind banking companies for providing detail regarding withholding tax deducted at source by the banks in the new format.
Published 14 Mar, 2016 12:00am
Dullness witnessed

Dullness witnessed

Pakistan shares market gained 0.7 percent or 227 points to close at 32,669 during the week that ended on Friday March 11. Topline analysts said jubilant at the start, the market saw lackluster activity during rest of the week.
Published 14 Mar, 2016 12:00am
Dullness witnessed

Dullness witnessed

Pakistan shares market gained 0.7 percent or 227 points to close at 32,669 during the week that ended on Friday March 11. Topline analysts said jubilant at the start, the market saw lackluster activity during rest of the week.
Published 14 Mar, 2016 12:00am
Dullness witnessed

Dullness witnessed

Pakistan shares market gained 0.7 percent or 227 points to close at 32,669 during the week that ended on Friday March 11. Topline analysts said jubilant at the start, the market saw lackluster activity during rest of the week.
Published 14 Mar, 2016 12:00am
Rains leave 31 dead in KPK, Fata and Balochistan

Rains leave 31 dead in KPK, Fata and Balochistan

The death toll from torrential rainS in country rose to 31 on Sunday after more homes collapsed in the south-west and north-west, officials said. They said 17 people lost their lives over the past three days in the Balochistan, while six died in Khyber Pa
Published 14 Mar, 2016 12:00am
Rains leave 31 dead in KPK, Fata and Balochistan

Rains leave 31 dead in KPK, Fata and Balochistan

The death toll from torrential rainS in country rose to 31 on Sunday after more homes collapsed in the south-west and north-west, officials said. They said 17 people lost their lives over the past three days in the Balochistan, while six died in Khyber Pa
Published 14 Mar, 2016 12:00am
At least 16 dead as gunmen storm Ivory Coast beach resort

At least 16 dead as gunmen storm Ivory Coast beach resort

Heavily-armed gunmen went on a shooting rampage in the Ivory Coast resort of Grand-Bassam on Sunday, killing at 16 people and leaving bodies strewn on the beach in the first attack of its kind in the country.
Published 14 Mar, 2016 12:00am
Polish minister says foul play behind president's jet crash

Polish minister says foul play behind president's jet crash

Poland's defence minister appeared to suggest the death of president Lech Kaczynski in a 2010 plane crash in western Russia was the result of foul play, an allegation that is likely to test already troubled relations with Moscow.
Published 14 Mar, 2016 12:00am
China terror convictions nearly doubled in 2015

China terror convictions nearly doubled in 2015

Convictions for state security crimes including "violent terrorism" nearly doubled in 2015, figures from China's top court showed Sunday, following a "strike hard" campaign to quell unrest in the largely Muslim region of Xinjiang and crackdowns on civil s
Published 14 Mar, 2016 12:00am
27 killed, 75 hurt in Ankara car bombing

27 killed, 75 hurt in Ankara car bombing

A car bomb ripped through a busy square in central Ankara Sunday, killing at least 27 people and wounding 75, officials said, the latest in a spate of attacks to hit Turkey. Ambulances rushed to the scene on Kizilay square, a key commercial and transport
Published 14 Mar, 2016 12:00am
27 killed, 75 hurt in Ankara car bombing

27 killed, 75 hurt in Ankara car bombing

A car bomb ripped through a busy square in central Ankara Sunday, killing at least 27 people and wounding 75, officials said, the latest in a spate of attacks to hit Turkey. Ambulances rushed to the scene on Kizilay square, a key commercial and transport
Published 14 Mar, 2016 12:00am
Merkel's party suffers drubbing in state votes

Merkel's party suffers drubbing in state votes

Chancellor Angela Merkel's conservatives lost out in two out of three regional state elections on Sunday as Germans gave a thumbs-down to her accommodating refugee policy with a big vote for the anti-immigration Alternative for Germany (AfD).
Published 14 Mar, 2016 12:00am
Merkel's party suffers drubbing in state votes

Merkel's party suffers drubbing in state votes

Chancellor Angela Merkel's conservatives lost out in two out of three regional state elections on Sunday as Germans gave a thumbs-down to her accommodating refugee policy with a big vote for the anti-immigration Alternative for Germany (AfD).
Published 14 Mar, 2016 12:00am
Azerbaijan guards kill five on Iran border

Azerbaijan guards kill five on Iran border

Azerbaijani borders guards on Sunday shot dead five armed Bangladeshi and Azeri nationals who were trying to illegally cross the ex-Soviet republic's border with Iran, officials said. The incident took place in the Yardymli district on Azerbaijan's southe
Published 14 Mar, 2016 12:00am
Azerbaijan guards kill five on Iran border

Azerbaijan guards kill five on Iran border

Azerbaijani borders guards on Sunday shot dead five armed Bangladeshi and Azeri nationals who were trying to illegally cross the ex-Soviet republic's border with Iran, officials said. The incident took place in the Yardymli district on Azerbaijan's southe
Published 14 Mar, 2016 12:00am
Transit accord: Kabul unlikely to insist on inclusion of India

Transit accord: Kabul unlikely to insist on inclusion of India

Recent contacts between Islamabad and Kabul indicate that Afghanistan is unlikely to insist on inclusion of India in a transit trade agreement originally envisaged between Pakistan, Afghanistan and Tajikistan, well informed sources told Business Record
Published 14 Mar, 2016 12:00am
Transit accord: Kabul unlikely to insist on inclusion of India

Transit accord: Kabul unlikely to insist on inclusion of India

Recent contacts between Islamabad and Kabul indicate that Afghanistan is unlikely to insist on inclusion of India in a transit trade agreement originally envisaged between Pakistan, Afghanistan and Tajikistan, well informed sources told Business Record
Published 14 Mar, 2016 12:00am
Transit accord: Kabul unlikely to insist on inclusion of India

Transit accord: Kabul unlikely to insist on inclusion of India

Recent contacts between Islamabad and Kabul indicate that Afghanistan is unlikely to insist on inclusion of India in a transit trade agreement originally envisaged between Pakistan, Afghanistan and Tajikistan, well informed sources told Business Record
Published 14 Mar, 2016 12:00am
Eight dead, two missing in coalmine collapse

Eight dead, two missing in coalmine collapse

At least eight labourers were killed when a coal mine collapsed in north-west Pakistan, officials said Sunday, with two more still missing. More than 30 miners were trapped in the far-flung mountainous Orakzai tribal district after a shaft collapsed amid
Published 14 Mar, 2016 12:00am
Eight dead, two missing in coalmine collapse

Eight dead, two missing in coalmine collapse

At least eight labourers were killed when a coal mine collapsed in north-west Pakistan, officials said Sunday, with two more still missing. More than 30 miners were trapped in the far-flung mountainous Orakzai tribal district after a shaft collapsed amid
Published 14 Mar, 2016 12:00am
Kamal for 'amnesty' package

Kamal for 'amnesty' package

Former Karachi mayor Mustafa Kamal on Sunday said Muttahida Qaumi Movement's (MQM) workers and activists who are in prison for committing crimes at the behest of the party should be given a way out, according to Aaj News.
Published 14 Mar, 2016 12:00am
Kamal for 'amnesty' package

Kamal for 'amnesty' package

Former Karachi mayor Mustafa Kamal on Sunday said Muttahida Qaumi Movement's (MQM) workers and activists who are in prison for committing crimes at the behest of the party should be given a way out, according to Aaj News.
Published 14 Mar, 2016 12:00am
Turkey slaps curfew on two more towns

Turkey slaps curfew on two more towns

Turkey on Sunday slapped a curfew on two border towns in the Kurdish-dominated south-east ahead of a looming military "clean-up" operation as it eased a lockdown in Diyarbakir. Turkish troops have been waging a major - and controversial - offensive agains
Published 14 Mar, 2016 12:00am
Turkey slaps curfew on two more towns

Turkey slaps curfew on two more towns

Turkey on Sunday slapped a curfew on two border towns in the Kurdish-dominated south-east ahead of a looming military "clean-up" operation as it eased a lockdown in Diyarbakir. Turkish troops have been waging a major - and controversial - offensive agains
Published 14 Mar, 2016 12:00am
Shahbaz takes notice of offensive content in a book

Shahbaz takes notice of offensive content in a book

Punjab Chief Minister Shahbaz Sharif on Sunday took notice of including offensive content against a particular segment of society in a book. According to a handout issued by DGPR here, a two-member committee had been constituted in this regard headed by C
Published 14 Mar, 2016 12:00am
Shahbaz takes notice of offensive content in a book

Shahbaz takes notice of offensive content in a book

Punjab Chief Minister Shahbaz Sharif on Sunday took notice of including offensive content against a particular segment of society in a book. According to a handout issued by DGPR here, a two-member committee had been constituted in this regard headed by C
Published 14 Mar, 2016 12:00am
KP to provide cheap electricity to industrial estates

KP to provide cheap electricity to industrial estates

Khyber Pakhtunkhwa Minister for Elementary Education, Energy and Power Muhammad Atif Khan has directed the authorities concerned of the Energy & Power Department (E&PD) to take practical steps for ensuring cheap and indigenous electricity to the Industria
Published 14 Mar, 2016 12:00am
Five Lyari gangsters held in Attock

Five Lyari gangsters held in Attock

The law enforcement agencies (LEAs) arrested five criminals of Lyari gang-war during a crackdown here on Sunday and recovered weapons from their possession.
Published 14 Mar, 2016 12:00am
Setting up of expo centre on the cards
Exchange

Setting up of expo centre on the cards

Business community of Sialkot is actively considering establishing Expo Centre in this export-oriented city and hub of cottage industry of the country. Sources in Sialkot Chamber of Commerce and Industry (SCCI) told Business Recorder on Sunday that
Published 14 Mar, 2016 12:00am
Dar reviews progress on draft Companies Bill 2016
Exchange

Dar reviews progress on draft Companies Bill 2016

Finance Minister Senator Ishaq Dar chaired a briefing session here on the consultative process with stakeholders on draft Companies Bill 2016. He was also briefed about Pakistan stock market's possible induction into the emerging markets index of the Morg
Published 14 Mar, 2016 12:00am
NGO organises painting exhibition in Mardan

NGO organises painting exhibition in Mardan

Laasoona Welfare Organization, a local NGO in collaboration with Directorate of Culture, Khyber Pakhtunkhwa organised a painting exhibition and competition at Sheikh Maltoon Town, Mardan on Sunday.
Published 14 Mar, 2016 12:00am
CEO Pesco orders immediate removal of defective meters

CEO Pesco orders immediate removal of defective meters

Chief Executive, Peshawar Electric Supply Company (PESCO) Anwar Ul Haq Yousafzai visited Pesco Timergara Division and presided over a meeting of officers of Timergara and Dir Divisions.
Published 14 Mar, 2016 12:00am
JI holds rally to condemn Mumtaz Qadri's execution

JI holds rally to condemn Mumtaz Qadri's execution

Jamaat-e-Islami (JI) on Sunday organised a massive Tahafuz Namoos-e-Risalaat march to voice its anger over execution of Mumtaz Qadri. The JI on this occasion announced to launch a countrywide drive against the ruling party over its alleged attempt to repe
Published 14 Mar, 2016 12:00am
KP chief minister agrees to establish research centre at Islamia College

KP chief minister agrees to establish research centre at Islamia College

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has agreed to the proposal of the establishment of Center of Interdisciplinary Research in Materials (CIRM) for Islamia College Peshawar saying that funds for the project would be allocated in upcoming Annu
Published 14 Mar, 2016 12:00am
Anti-polio drive to begin in KP, Fata today

Anti-polio drive to begin in KP, Fata today

A three-day anti-polio campaign in 24 districts of Khyber Pakhtunkhwa and Fata will begin on Monday (today). During the campaign, more than fifty five hundred thousand children below the age of five years would be administered anti-polio drops. The provin
Published 14 Mar, 2016 12:00am
Provision of best treatment mission of government: chief minister Punjab

Provision of best treatment mission of government: chief minister Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif has said that provision of best treatment facilities to the people of the province is mission of the government and we will ensure provision of quality medical facilities to the people jointly. He said that se
Published 14 Mar, 2016 12:00am
DG Wildlife forms committee to probe illegal hunting

DG Wildlife forms committee to probe illegal hunting

Director General Wildlife & Parks Punjab Khalid Ayaz Khan while taking action on the information about the alleged involvement of influential persons in illegal hunting of deer, houbara bustard and partridge in Rahim Yar Khan and Cholistan has constituted
Published 14 Mar, 2016 12:00am
Traders stage demo against VTS

Traders stage demo against VTS

A faction of traders of Multan on Wednesday staged a demonstration in front of Multan Chamber when Federal Finance Minister Ishaq Dar reached there along with Advisor to Prime Minister on Revenue Haroon Akhtar Khan, Chairman of Federal Board of Revenue Ni
Published 14 Mar, 2016 12:00am
UAF award ceremony today

UAF award ceremony today

The University of Agriculture Faisalabad (UAF) is organising Scholarship Award Ceremony for women in the field of agriculture today at 1:00 pm at New Senate Hall. The ceremony is being held by the UAF in collaboration with Aurat Foundation under the proje
Published 14 Mar, 2016 12:00am
Haj applications to be received by April-end

Haj applications to be received by April-end

Hajj applications will be received in the last of April and people intended to perform Haj should have a passport valid till March 31, 2017. Pakistan Hajj and Umrah sources told APP on Sunday, that Haj applications will not be submitted without an origina
Published 14 Mar, 2016 12:00am
Sri Lanka suffers worst blackout in 20 years

Sri Lanka suffers worst blackout in 20 years

Sri Lanka suffered its worst nation-wide power cut in 20 years Sunday causing water shortages and transport and trade disruptions across the country, officials said. The national grid switched off early afternoon and attempts to reconnect failed as the sy
Published 14 Mar, 2016 12:00am
Two peacekeepers killed by colleague in northern Mali

Two peacekeepers killed by colleague in northern Mali

Two UN peacekeepers were shot dead and a third slightly wounded by one of their colleagues in northern Mali, the UN mission said on Sunday, less than three weeks after a similar incident. "Yesterday (Saturday) at around 1900 GMT a tragic incident occurred
Published 14 Mar, 2016 12:00am
US, France say Syrian government trying to spoil peace talks

US, France say Syrian government trying to spoil peace talks

The United States and France accused the Syrian government of trying to disrupt a new round of peace talks set to begin on Monday and said Russia and Iran would need to show the Syrian government was "living up to" what had been agreed.
Published 14 Mar, 2016 12:00am
IS commander Shishani 'clinically dead:' monitor

IS commander Shishani 'clinically dead:' monitor

Top Islamic State group commander Omar al-Shishani has been "clinically dead" for several days after a US air strike in northern Syria, a monitoring group said Sunday. "Shishani is not able to breathe on his own and is using machines. He has been clinical
Published 14 Mar, 2016 12:00am
US, European allies urge swift Libya handover

US, European allies urge swift Libya handover

The United States and its European allies on Sunday called on Libya's new unity government to swiftly move to Tripoli and take up power, threatening sanctions against those who undermine the political process.
Published 14 Mar, 2016 12:00am
Russia has evidence Turkish troops in Syria: Lavrov

Russia has evidence Turkish troops in Syria: Lavrov

Russia has evidence that Turkish troops are on Syrian territory, Russian Foreign Minister Sergei Lavrov said in an interview broadcast on Sunday, accusing Turkey of a "creeping expansion" on its border with Syria.
Published 14 Mar, 2016 12:00am
Belarussian oligarch arrested for suspected tax evasion

Belarussian oligarch arrested for suspected tax evasion

Businessman Yuri Chizh, a long-time ally of Belarusian strongman Alexander Lukashenko, has been arrested for suspected tax evasion, authorities said Sunday. Chizh, 52, is suspected of the "evasion of tax and fee payments on an especially large scale," sai
Published 14 Mar, 2016 12:00am
France says EU could impose sanctions over Iran missile tests

France says EU could impose sanctions over Iran missile tests

The European Union could impose sanctions on Iran over its recent ballistic missile tests, France's foreign minister said on Sunday. The United States, France and other countries have already said that, if the missiles are confirmed as nuclear-capable, th
Published 14 Mar, 2016 12:00am
Israel stops Indonesian minister's West Bank visit

Israel stops Indonesian minister's West Bank visit

Israel on Sunday refused to allow Indonesian Foreign Minister Retno Marsudi to visit the occupied West Bank, where she was to hold talks with Palestinian leaders, the Palestinian foreign ministry said. Israeli authorities control access to the West Bank,
Published 14 Mar, 2016 12:00am
SEB, CBA ride yankee wave for senior debt
Libor

SEB, CBA ride yankee wave for senior debt

Foreign banks continued to tap the US dollar market for funding on Tuesday, filling up on short-dated senior debt amid a continued improvement in sentiment towards financial credits.
Published 14 Mar, 2016 12:00am
South Korea not fretting over US FX manipulation rule
Exchange

South Korea not fretting over US FX manipulation rule

South Korea's vice finance minister said on Monday the country is not worried about new US laws that allow Washington to bar countries from US trade deals and government procurement contracts if they keep currencies artificially low.
Published 14 Mar, 2016 12:00am
Hedge funds back off bets on China devaluation
Exchange

Hedge funds back off bets on China devaluation

Two of the three types of hedge funds which bet heavily on a sharp devaluation of China's yuan last year have backed off the trade, leaving only some ultra-bearish "Black Swan" investors holding long-term bets, fund managers and bankers said.
Published 14 Mar, 2016 12:00am
Hedge funds back off bets on China devaluation
Exchange

Hedge funds back off bets on China devaluation

Two of the three types of hedge funds which bet heavily on a sharp devaluation of China's yuan last year have backed off the trade, leaving only some ultra-bearish "Black Swan" investors holding long-term bets, fund managers and bankers said.
Published 14 Mar, 2016 12:00am
France rules out issuing debt in foreign currencies

France rules out issuing debt in foreign currencies

France's public debt management agency has for now ruled out issuing bonds in foreign currencies, the head of its strategic committee said on Wednesday. With about 63 percent of French national debt in foreigners' hands, France relies heavily on foreign i
Published 14 Mar, 2016 12:00am
France rules out issuing debt in foreign currencies

France rules out issuing debt in foreign currencies

France's public debt management agency has for now ruled out issuing bonds in foreign currencies, the head of its strategic committee said on Wednesday. With about 63 percent of French national debt in foreigners' hands, France relies heavily on foreign i
Published 14 Mar, 2016 12:00am
Egyptian pound stable in official auction
Exchange

Egyptian pound stable in official auction

The Egyptian pound held steady at an official auction on Sunday but strengthened on the black market after the central bank last week supplied the market with foreign currency and eased restrictions on dollar deposits and withdrawals.
Published 14 Mar, 2016 12:00am
Brazil not considering reducing forex swaps stock
Currency

Brazil not considering reducing forex swaps stock

The Brazilian central bank is not considering reducing its currency swaps stock at the moment despite a sharp appreciation of the local currency, a senior member of the government's economic team told Reuters on Friday.
Published 14 Mar, 2016 12:00am
Gulf markets mixed as volumes decline
Exchange

Gulf markets mixed as volumes decline

Stock markets in the Gulf were mixed on Sunday as trading volumes shrank from the previous week. Egypt closed flat, ending six days of gains. Riyadh's index added 0.2 percent to 6,369 points, again shying away from technical resistance at its 100-day aver
Published 14 Mar, 2016 12:00am
Investors cast wary eye on US industrial stock rebound

Investors cast wary eye on US industrial stock rebound

Many US industrial companies' shares that slid last year over concerns of an economic slowdown have regained their footing in recent weeks, but some investors and analysts suspect the stocks still may be standing on uncertain ground. Shares of about 10 la
Published 14 Mar, 2016 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.41). 02.25-04.50 percent (* Previous 01.20-04.50 percent). (* revised).
Published 14 Mar, 2016 12:00am
Iran set to join oil freeze talks after output at four million bpd

Iran set to join oil freeze talks after output at four million bpd

Oil Minister Bijan Zanganeh said Iran would join discussions between other producers about a possible freeze of oil production after its own output reached four million barrels per day (bpd), Iran's ISNA news agency reported on Sunday.
Published 14 Mar, 2016 12:00am
Migrant costs to exceed 600 million euros: Greek central bank

Migrant costs to exceed 600 million euros: Greek central bank

The cost of managing the migrant crisis in Greece will exceed a previous estimate of 600 million euros ($670 million) as more and more refugees are forced to remain in the country, Bank of Greece Governor Yannis Stournaras said on Sunday.
Published 14 Mar, 2016 12:00am
Coal miners protest in north-eastern China, claiming unpaid wages

Coal miners protest in north-eastern China, claiming unpaid wages

Thousands of Chinese coal miners marched through the streets of a mining town in north-eastern China over the weekend protesting against unpaid wages, as China grapples with rising unemployment due to overcapacity in heavy industries.
Published 14 Mar, 2016 12:00am
Osborne to cut spending further to protect budget plan

Osborne to cut spending further to protect budget plan

British finance minister George Osborne said on Sunday he would announce further cuts to public spending this week to protect his austerity plan from a weakening of the economy, but said they would not be drastic.
Published 14 Mar, 2016 12:00am
Indonesia's Pertamina, Marubeni sign gas turbine deal with GE

Indonesia's Pertamina, Marubeni sign gas turbine deal with GE

A consortium made up of Indonesia's state energy firm PT Pertamina and Japan's Marubeni Corp has signed a deal with General Electric for the US firm to provide gas turbines for a $2 billion power plant in Java, Pertamina said.
Published 14 Mar, 2016 12:00am
Thousands of Brazilians protest to demand Rousseff's exit

Thousands of Brazilians protest to demand Rousseff's exit

Tens of thousands of protestors poured onto the streets of major cities on Sunday to demand the removal of President Dilma Rousseff amid Brazil's worst political and economic crisis in a generation.
Published 14 Mar, 2016 12:00am
China Vanke says 2015 core profit up 13 percent

China Vanke says 2015 core profit up 13 percent

China Vanke Co Ltd, the country's largest property developer, said on Sunday its core profit rose 13.1 percent in 2015 to a new record, slightly below forecasts, helped by a resurgence in China property sales that has left some government officials concer
Published 14 Mar, 2016 12:00am
China Vanke says 2015 core profit up 13 percent

China Vanke says 2015 core profit up 13 percent

China Vanke Co Ltd, the country's largest property developer, said on Sunday its core profit rose 13.1 percent in 2015 to a new record, slightly below forecasts, helped by a resurgence in China property sales that has left some government officials concer
Published 14 Mar, 2016 12:00am
Tobacco off Saudi shelves amid price rise speculation

Tobacco off Saudi shelves amid price rise speculation

Cigarettes had disappeared from the shelves in some Saudi cities on Sunday amid speculation on social media that the government was about to raise prices on tobacco and other products that are harmful to health.
Published 14 Mar, 2016 12:00am
Turning to frack tech, stricken US oil drillers test new limits

Turning to frack tech, stricken US oil drillers test new limits

Fifty-stage frack jobs. Fifteen-foot cluster spacing. More than 2,000 pounds of proppant concentrate per foot. Top US shale producers are pushing fracking technology to new extremes to get more oil out of their wells, as they weather lower-for-longer oil
Published 14 Mar, 2016 12:00am
Afridi brushes off security concerns

Afridi brushes off security concerns

Pakistan skipper Shahid Afridi on Sunday brushed off concerns over security for his team at the World T20, saying he was looking forward to playing in front of India's raucous crowds.
Published 14 Mar, 2016 12:00am
Tamim ton powers Bangladesh into World T20 Super 10s

Tamim ton powers Bangladesh into World T20 Super 10s

Tamim Iqbal's maiden Twenty20 century helped Bangladesh storm into the World T20 Super 10s with a resounding 54-run win against Oman via the Duckworth/Lewis method in the last qualifier in Dharamsala Sunday.
Published 14 Mar, 2016 12:00am
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