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Print - 2016-05-07
Old design banknotes cease to be legal tender from December 1

Old design banknotes cease to be legal tender from December 1

As per federal government's Gazette Notification dated 4th June, 2015, the old design banknotes will cease to be legal tender from 1st December 2016. Therefore, State Bank of Pakistan has now decided to phase out all remaining old design banknotes of Rs 1
Published 07 May, 2016 12:00am
Suzuki may invest $460 million if new auto policy revised

Suzuki may invest $460 million if new auto policy revised

Suzuki plans to invest $460 million into Pakistan if the government provides the right incentives and amends its new auto policy, the company said on Friday. Pakistan in March announced a new auto policy that favours potential new entrants over existing m
Published 07 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 06, 2016).

Published 07 May, 2016 12:00am
Suzuki may invest $460 million if new auto policy revised

Suzuki may invest $460 million if new auto policy revised

Suzuki plans to invest $460 million into Pakistan if the government provides the right incentives and amends its new auto policy, the company said on Friday. Pakistan in March announced a new auto policy that favours potential new entrants over existing m
Published 07 May, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 06, 2016).

Published 07 May, 2016 12:00am
Reporting tax evasion: FBR announces cash rewards for citizens

Reporting tax evasion: FBR announces cash rewards for citizens

The Federal Board of Revenue (FBR) has announced cash rewards for the citizens, who would report tax evasion, concealment of income tax or tax frauds committing by anyone in Pakistan. In this regard, the FBR has introduced the scheme of 'Reward to whistle
Published 07 May, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 07 May, 2016 12:00am
Reporting tax evasion: FBR announces cash rewards for citizens

Reporting tax evasion: FBR announces cash rewards for citizens

The Federal Board of Revenue (FBR) has announced cash rewards for the citizens, who would report tax evasion, concealment of income tax or tax frauds committing by anyone in Pakistan. In this regard, the FBR has introduced the scheme of 'Reward to whistle
Published 07 May, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 07 May, 2016 12:00am
Reporting tax evasion: FBR announces cash rewards for citizens

Reporting tax evasion: FBR announces cash rewards for citizens

The Federal Board of Revenue (FBR) has announced cash rewards for the citizens, who would report tax evasion, concealment of income tax or tax frauds committing by anyone in Pakistan. In this regard, the FBR has introduced the scheme of ''Reward to whistl
Published 07 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 06, 2016).

Published 07 May, 2016 12:00am
Crystalline sugar: FBR mulling withdrawing ST relief on supply value

Crystalline sugar: FBR mulling withdrawing ST relief on supply value

The Federal Board of Revenue (FBR) is contemplating withdrawing sales tax relief on the supply value of white crystalline sugar in budget 2016-17. According to sources, Federal Excise Duty (FED) on white crystalline sugar was collected at the rate of eigh
Published 07 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 06, 2016).

Published 07 May, 2016 12:00am
Crystalline sugar: FBR mulling withdrawing ST relief on supply value

Crystalline sugar: FBR mulling withdrawing ST relief on supply value

The Federal Board of Revenue (FBR) is contemplating withdrawing sales tax relief on the supply value of white crystalline sugar in budget 2016-17. According to sources, Federal Excise Duty (FED) on white crystalline sugar was collected at the rate of eigh
Published 07 May, 2016 12:00am
The Weather

The Weather

The weather report on Friday (May 06, 2016) and the forecast for Saturday (May 07, 2016).

Published 07 May, 2016 12:00am
Crystalline sugar: FBR mulling withdrawing ST relief on supply value

Crystalline sugar: FBR mulling withdrawing ST relief on supply value

The Federal Board of Revenue (FBR) is contemplating withdrawing sales tax relief on the supply value of white crystalline sugar in budget 2016-17. According to sources, Federal Excise Duty (FED) on white crystalline sugar was collected at the rate of eigh
Published 07 May, 2016 12:00am
Crystalline sugar: FBR mulling withdrawing ST relief on supply value

Crystalline sugar: FBR mulling withdrawing ST relief on supply value

The Federal Board of Revenue (FBR) is contemplating withdrawing sales tax relief on the supply value of white crystalline sugar in budget 2016-17. According to sources, Federal Excise Duty (FED) on white crystalline sugar was collected at the rate of eigh
Published 07 May, 2016 12:00am
US warns citizens in Afghanistan

US warns citizens in Afghanistan

The United States has warned citizens in Afghanistan of a "very high" kidnapping risk after an American citizen narrowly escaped abduction in the heart of Kabul, and an Australian aid worker was taken last week. Katherine Jane Wilson, a well-known Austral
Published 07 May, 2016 12:00am
US warns citizens in Afghanistan

US warns citizens in Afghanistan

The United States has warned citizens in Afghanistan of a "very high" kidnapping risk after an American citizen narrowly escaped abduction in the heart of Kabul, and an Australian aid worker was taken last week. Katherine Jane Wilson, a well-known Austral
Published 07 May, 2016 12:00am
Mumbai court strikes down beef ban

Mumbai court strikes down beef ban

An Indian court on Friday struck down a tough law that had banned the consumption of beef in the western state of Maharashtra, dealing a blow to right-wing Hindu groups. Last year the government of Maharashtra, home to India's commercial centre Mumbai, ma
Published 07 May, 2016 12:00am
Mumbai court strikes down beef ban

Mumbai court strikes down beef ban

An Indian court on Friday struck down a tough law that had banned the consumption of beef in the western state of Maharashtra, dealing a blow to right-wing Hindu groups. Last year the government of Maharashtra, home to India's commercial centre Mumbai, ma
Published 07 May, 2016 12:00am
SME financing: SBP revises prudential regulations

SME financing: SBP revises prudential regulations

The State Bank of Pakistan (SBP) Friday announced revision in the Prudential Regulations for Small and Medium Enterprises (SMEs) financing. With a view to further facilitate the promotion of SME financing by providing enabling regulatory environment, Prud
Published 07 May, 2016 12:00am
SME financing: SBP revises prudential regulations

SME financing: SBP revises prudential regulations

The State Bank of Pakistan (SBP) Friday announced revision in the Prudential Regulations for Small and Medium Enterprises (SMEs) financing. With a view to further facilitate the promotion of SME financing by providing enabling regulatory environment, Prud
Published 07 May, 2016 12:00am
SME financing: SBP revises prudential regulations

SME financing: SBP revises prudential regulations

The State Bank of Pakistan (SBP) Friday announced revision in the Prudential Regulations for Small and Medium Enterprises (SMEs) financing. With a view to further facilitate the promotion of SME financing by providing enabling regulatory environment, Prud
Published 07 May, 2016 12:00am
New gas connections allowed

New gas connections allowed

The Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi informed the National Assembly standing committee on Petroleum and Natural Resources that the Prime Minister had approved lifting the moratorium on new gas connections. The reas
Published 07 May, 2016 12:00am
PTI's 'prudence'

PTI's 'prudence'

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has announced the postponement of his party's planned rally in Faisalabad on May 8th till May 20th after viewing video footage of the harassment of women participants of his party's Lahore rally on May 1s
Published 07 May, 2016 12:00am
Economic opportunities for Pakistan

Economic opportunities for Pakistan

Pakistan has significantly benefited from soft oil prices, which account for almost a third of its imports. But the country could not benefit much from this unprecedented windfall and did not manage to achieve the economic growth, as the opportunity offer
Published 07 May, 2016 12:00am
Eviction notices: Italy clamps down on destitute refugee squatters

Eviction notices: Italy clamps down on destitute refugee squatters

Metal bars have been installed in the doors of an old newspaper office where scores of squatters - asylum seekers, refugees and a few Italians - fear a confrontation with Rome's riot police. The bars went up after the occupants of the former La Stampa off
Published 07 May, 2016 12:00am
US seeks to approve attack aircraft for Nigeria in Boko Haram fight

US seeks to approve attack aircraft for Nigeria in Boko Haram fight

The US administration is seeking to approve a sale of as many as 12 A-29 Super Tucano light attack aircraft to Nigeria to aid its battle against the extremist group Boko Haram, the US officials say, in a vote of confidence in President Muhammadu Buhari's
Published 07 May, 2016 12:00am
'Payback time for rulers?'

'Payback time for rulers?'

This is apropos Business Recorder op-ed "Payback time for rulers?" carried by the newspaper on Thursday. The writer has raised a profound argument in her write-up. While pummeling a battling PM, she said "the situation is headed towards confrontati
Published 07 May, 2016 12:00am
Democracy gaining strength: President

Democracy gaining strength: President

President Mamnoon Hussain Friday said that democracy was strengthening in Pakistan and the executive, legislature and judiciary were working harmoniously. In a meeting with Secretary General Commonwealth Parliamentary Association (CPA) Akbar Khan who call
Published 07 May, 2016 12:00am
Two men arrested for manhandling LHC judge

Two men arrested for manhandling LHC judge

Two people have been arrested by Lahore High Court security men for manhandling a judge and threatening his opposite party's lawyers with a handgun and a dagger. The incident happened when one of the accused, identified as Bilal Bashir, got furious with J
Published 07 May, 2016 12:00am
Illegal settlements: CDA operations fail to achieve objectives

Illegal settlements: CDA operations fail to achieve objectives

Even though the Capital Development Authority has initiated operations against non-conforming use of residential houses but it failed in fulfilling its responsibilities particularly towards encroachment on open space lands including capital commercial hub
Published 07 May, 2016 12:00am
IGP for improved police conduct towards public dealings

IGP for improved police conduct towards public dealings

A meeting of Sub-divisional police officers of Peshawar and Mardan Regions was held under the chairmanship of the Inspector General of Police, Nasir Khan Durrani in the conference room of the Central Police Office Peshawar. The Capital City Police Officer
Published 07 May, 2016 12:00am
Court grants pre-arrest bail to Bukhari

Court grants pre-arrest bail to Bukhari

A local court on Friday granted pre-arrest bail to former Senate Chairman Nayyar Hussain Bukhari and his son in a case of thrashing a head constable of special branch on May 4 at district courts. Bukhari and his son Jarar Bukhari appeared before additiona
Published 07 May, 2016 12:00am
Dar speaks to Sattar

Dar speaks to Sattar

Finance Minister Ishaq Dar assured the MQM leader Dr Farooq Sattar that the government would ensure that justice was done to the bereaved family of his coordinator Aftab Ahmed. Dar made this assurance in a telephonic conversation with Mr Farooq Sattar in
Published 07 May, 2016 12:00am
Journalists' protest

Journalists' protest

In Punjab Assembly session here on Friday journalists were not allowed to enter the premises of Punjab Assembly where they were protesting against lodging of cases against journalists in Okara. Even a number of legislators were not allowed due to the prot
Published 07 May, 2016 12:00am
Shahbaz approves Ramazan package

Shahbaz approves Ramazan package

Punjab Chief Minister Shahbaz Sharif while addressing a high-level meeting through video link at Civil Secretariat on Friday has granted approval to a relief package of billions of rupees for the people during Ramazan. The CM said that subsidy of five bil
Published 07 May, 2016 12:00am
PCGA urges authorities to implement proposals
Cotton

PCGA urges authorities to implement proposals

The Central Executive Committee of Pakistan Cotton Ginners Association has passed a number of resolutions to press the authorities for implementation on the suggestions and proposals of PCGA otherwise ginning sector would be destroyed like CNG sector and
Published 07 May, 2016 12:00am
Work on PIC's emergency block reviewed

Work on PIC's emergency block reviewed

The Punjab Institute of Cardiology (PIC) Chief Executive Officer Professor Nadeem Hayat Malik along with Medical Superintendent Dr Sohail Saqlain and Chairman Friends of PIC visited newly constructed emergency block of the institute. The representatives o
Published 07 May, 2016 12:00am
Country's economy witnesses impressive turnaround: Jilani

Country's economy witnesses impressive turnaround: Jilani

Pakistan's Ambassador to the United States Jalil Abbas Jilani said that Pakistan's economy has witnessed an impressive turnaround as a result of reforms. Speaking at the annual meeting of 20-20 Investment Association in New York, he said economic progress
Published 07 May, 2016 12:00am
'All TDPs to return home by 2016-end'

'All TDPs to return home by 2016-end'

Despite all the challenges the country is heading in a right direction adding that all TDPs from FATA will return their homes safe and sound by the end of this year. This was stated by Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra while addressing a cere
Published 07 May, 2016 12:00am
PPAF organises workshops for teachers

PPAF organises workshops for teachers

The Pakistan Poverty Alleviation Fund (PPAF) in collaboration with Changes In Education (CIE) organized skills training workshops to teachers of Dera Ismail Khan Government Primary Schools, Middle Schools and Higher Secondary Schools under its Livelihood
Published 07 May, 2016 12:00am
IESCO power shutdown schedule

IESCO power shutdown schedule

According to IESCO spokesman, due to electricity maintenance/development work the power supply of the following feeders / grid Stations would remain suspended as under:
Published 07 May, 2016 12:00am
Lack of quorum Opposition blocks passage of legislation in KP PA

Lack of quorum Opposition blocks passage of legislation in KP PA

Angry opposition in Khyber Pakhtunkhwa Friday blocked the passage of legislation by pinpointing the lack of quorum in the provincial assembly. The provincial government was determined to pass the Khyber Pakhtunkhwa Health Foundation Bill, 2016 from the ho
Published 07 May, 2016 12:00am
Lynching of girl: Prime Minister directs stern action against culprits

Lynching of girl: Prime Minister directs stern action against culprits

Prime Minister Muhammad Nawaz Sharif taking strict notices of burning alive of a teenager girl for honour in Abbottabad had directed the authorities concerned to take notice action those involved in the heinous crime. Responding to the calling attention n
Published 07 May, 2016 12:00am
Two terrorists involved in attack on traffic police held

Two terrorists involved in attack on traffic police held

The law enforcement agencies conducted an operation in Karachi's District Central on Friday and arrested two terrorists involved in attacks on traffic police officials. The arrested terrorists namely Fahim-ul-Haq and Ubaid, belong to banned Lashkar-e-Jhan
Published 07 May, 2016 12:00am
No incentive to local vendors: PAAPAM lashes out at government

No incentive to local vendors: PAAPAM lashes out at government

The auto parts manufacturers have criticised the government for not offering incentives to local vendors at par with Japanese Original Equipment Manufacturers (OEMs) in the auto policy. The Automobile Development Plan (ADP) 2016-21 was announced on March
Published 07 May, 2016 12:00am
World Thalassemia Day tomorrow

World Thalassemia Day tomorrow

Public awareness about the genetic disease thalassemia has been the chief ingredient of the theme "access to safe and effective drugs in thalassamia" as countries worldwide, including Pakistan, are gearing up to mark the World Thalassemia Day 2016 on May
Published 07 May, 2016 12:00am
Jirga's decision: HRCP condemns girl's killing

Jirga's decision: HRCP condemns girl's killing

The Human Rights Commission of Pakistan (HRCP) has strongly condemned the brutal killing of a 16-year old girl following a jirga's decision to punish her for her supposed role in helping a couple find happiness together.
Published 07 May, 2016 12:00am
Shaaban moon sighting today

Shaaban moon sighting today

The meetings of the Zonal / District Ruet-e-Hilal committees would be held on today (29 Rajab-ul-Murajab, 1437, Hijri) for sighting the crescent of Shaban-ul-Moazzam 1437 AH at their respective headquarters. An official of Religious Ministry told APP that
Published 07 May, 2016 12:00am
Kashmir council elections: parties reach out to MLAs

Kashmir council elections: parties reach out to MLAs

Different political parties have started wooing Members of Azad Jammu and Kashmir Legislative Assembly for Kashmir Council elections which are scheduled to be held on May 15. The outgoing AJK Assembly is mandated to elect four members for the Kashmir Coun
Published 07 May, 2016 12:00am
FFC vows to pass on benefits of feed-gas price rollback to farmers

FFC vows to pass on benefits of feed-gas price rollback to farmers

Fauji Fertilizer Company Limited, one of the largest fertilizer manufacturers in Pakistan, has vowed to pass on the benefits of roll back in fertilizer feed gas price by the government to the farmers in the shortest possible time with maximum efficiency.
Published 07 May, 2016 12:00am
Five BRA terrorists held in Kandhkot

Five BRA terrorists held in Kandhkot

The law enforcement agencies (LEAs) personnel on Friday arrested five terrorist of banned Baloch Republican Army (BRA) and recovered arms, explosives, hand grenades and detonators from their possession. DIG said that on an intelligence tipoff regarding pr
Published 07 May, 2016 12:00am
Pakistani stalls praised at UN Bazaar in New York

Pakistani stalls praised at UN Bazaar in New York

A range of Pakistani products, both food and merchandise, were on display and for sale on Wednesday at the annual United Nations International Bazaar held at UN Headquarters in New York. Braving cold weather and intermittent rain, a large number of people
Published 07 May, 2016 12:00am
Availability of LNG cuts oil sales by five percent

Availability of LNG cuts oil sales by five percent

The industrialists and producers of electricity in the energy-starved Pakistan began replacing the costly furnace oil (FO) fuel with the imported Liquefied Natural Gas (LNG). Hence, the sale of motor gasoline (MOGAS) and high speed diesel (HSD) grew by 12
Published 07 May, 2016 12:00am
PBIF chief says CoAS must continue until 2018

PBIF chief says CoAS must continue until 2018

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain has said that Chief of Army Staff General Raheel Sharif must continue to serve until 2018 to eliminate the menace of terrorism and lawlessness from country. He was of the vie
Published 07 May, 2016 12:00am
Pre-tax profit in 2015: Bank of Punjab announces 75 percent growth

Pre-tax profit in 2015: Bank of Punjab announces 75 percent growth

A meeting of the Board of Directors of the Bank of Punjab (BoP) was held on Friday. During the meeting, audited financial statements of the bank for the year ended December 31, 2015 along with un-audited financial statements for 1st quarter of year 2016 e
Published 07 May, 2016 12:00am
Pre-tax profit in 2015: Bank of Punjab announces 75 percent growth

Pre-tax profit in 2015: Bank of Punjab announces 75 percent growth

A meeting of the Board of Directors of the Bank of Punjab (BoP) was held on Friday. During the meeting, audited financial statements of the bank for the year ended December 31, 2015 along with un-audited financial statements for 1st quarter of year 2016 e
Published 07 May, 2016 12:00am
Sindh urges centre to finalise 9th NFC Award before budget

Sindh urges centre to finalise 9th NFC Award before budget

Sindh Minister for Finance, Planning & Development, Energy and Irrigation Syed Murad Ali Shah has urged the federal government to convene an immediate meeting of the 9th National Finance Commission (NFC) with an objective to finalise its recommendations b
Published 07 May, 2016 12:00am
World's largest particle smasher set to push physics into unknown

World's largest particle smasher set to push physics into unknown

The world's most powerful proton smasher is preparing for its biggest run yet which scientists hope will uncover new particles that could dramatically change our understanding of the Universe. "We are exploring truly fundamental issues, and that's why thi
Published 07 May, 2016 12:00am
Australia beat New Zealand 16-0 in scrappy Test

Australia beat New Zealand 16-0 in scrappy Test

A last-minute try by Blake Ferguson capped off Australia's 16-0 victory over New Zealand Friday, with a depleted Kiwi side ending their two-year winning streak against their trans-Tasman rivals. Australia managed to keep the pressure on despite losing Fij
Published 07 May, 2016 12:00am
Murray blows past Berdych into Madrid semis

Murray blows past Berdych into Madrid semis

Defending champion Andy Murray continued his serene passage into the Madrid Masters semi-finals by sweeping past eighth seed Tomas Berdych 6-3, 6-2 on Friday. Murray didn't even face a break point for the second consecutive match as he adjusted to the ind
Published 07 May, 2016 12:00am
Sri Lanka's Mathews no fan of points system

Sri Lanka's Mathews no fan of points system

Sri Lanka captain Angelo Mathews has questioned plans to introduce a points system for his side's upcoming tour of England. The proposal is, as happens with the women's Ashes, to aggregate the results of all the international fixtures this season between
Published 07 May, 2016 12:00am
Jung maintains Grand Slam bid with bold Badminton start

Jung maintains Grand Slam bid with bold Badminton start

Germany's Michael Jung kept himself on course to win three-day eventing's richest prize with a strong start at the Badminton horse trials in south-west England on Thursday. Any rider who wins consecutive titles at Burghley in England, the United States' K
Published 07 May, 2016 12:00am
Brazil name youthful squad for Copa America

Brazil name youthful squad for Copa America

Brazil coach Dunga on Thursday named a youthful squad for the Copa America Centenario in the United States in June, with the country having one eye on the Rio de Janeiro Olympics in August. As announced last month, Barcelona superstar Neymar is not in the
Published 07 May, 2016 12:00am
Moscow Formula E race cancelled

Moscow Formula E race cancelled

The Formula E race scheduled to take place in Moscow on June 4 has been cancelled, organisers announced on Friday. In a statement, organisers said the race in the Russian capital had been dropped "due to recent and unforeseen circumstances related to road
Published 07 May, 2016 12:00am
Turkish editor says journalism on trial as court set to rule

Turkish editor says journalism on trial as court set to rule

A prominent Turkish newspaper editor said on Friday journalism was on trial as he gave his final defence against charges of revealing state secrets in a case that has drawn international criticism of the EU candidate's press freedom record. A verdict was
Published 07 May, 2016 12:00am
Abe meets Putin looking to warm ties despite island dispute

Abe meets Putin looking to warm ties despite island dispute

Japanese Prime Minister Shinzo Abe on Friday met Russian President Vladimir Putin in a rare visit by a G7 leader as the two sides sought to bolster ties and make progress on a decades-long territorial dispute. "Japan is not just our neighbour, it is a ver
Published 07 May, 2016 12:00am
Colombia arrests big Panama drug-money suspect

Colombia arrests big Panama drug-money suspect

Colombian police arrested one of the heads of a prominent Panama business family listed by the United States as a major launderer of drug money, officials said Friday. Officers detained Nidal Ahmed Waked Hatum, 36, at Bogota airport after he arrived there
Published 07 May, 2016 12:00am
Top US House Republican, Ryan, not ready to back Trump

Top US House Republican, Ryan, not ready to back Trump

The top elected US Republican, Paul Ryan, said on Thursday he was not ready to endorse Donald Trump, a sign of the challenges the party's presumptive presidential nominee faces rallying the Republican establishment behind his White House bid. Ryan, the sp
Published 07 May, 2016 12:00am
Trump on Brexit: Britain better off without the EU

Trump on Brexit: Britain better off without the EU

Donald Trump has said Britain would be better off outside the European Union, just weeks after US President Barack Obama travelled to London to warn against a Brexit. The presumptive Republican presidential nominee conceded on Fox News Thursday that it wa
Published 07 May, 2016 12:00am
Saudi policeman shot dead after Makkah raid: ministry

Saudi policeman shot dead after Makkah raid: ministry

A Saudi police officer has been shot dead in the Makkah region, the interior ministry said on Friday, after four suspected jihadists died during a raid in the same area. Corporal Khalaf al-Harithi was on duty in the western region on Thursday evening when
Published 07 May, 2016 12:00am
Philippine president calls for anti-Duterte alliance

Philippine president calls for anti-Duterte alliance

Philippine leader Benigno Aquino called Friday on the trailing presidential candidates to unite against frontrunner Rodrigo Duterte, in a sensational finale to one of the nation's most divisive election campaigns. Aquino has repeatedly warned Duterte is a
Published 07 May, 2016 12:00am
Kenny re-elected as PM by Irish parliament

Kenny re-elected as PM by Irish parliament

Ireland's parliament re-elected Enda Kenny as prime minister on Friday at the head of a minority government, ending a long blockage following inconclusive elections in February. Kenny won the vote by 59 in favour and 49 against, in the fourth attempt to e
Published 07 May, 2016 12:00am
Pope Francis tells EU to tear down migrant walls

Pope Francis tells EU to tear down migrant walls

Pope Francis said Friday he dreamed of a Europe in which "being a migrant is not a crime", as he urged EU leaders to "tear down the walls" and build a fairer society. Invoking the memory of the EU founding fathers' pursuit of integration in the aftermath
Published 07 May, 2016 12:00am
Outcry grows over bombing of Syria camp for displaced

Outcry grows over bombing of Syria camp for displaced

Condemnation mounted Friday over deadly air strikes on a camp for displaced people in northern Syria as the regime and its Russian ally denied involvement and a fragile truce held in Aleppo city. Women and children were reported to be among 28 civilians k
Published 07 May, 2016 12:00am
Kim Jong-Un hails North Korea's nuclear power status at party congress

Kim Jong-Un hails North Korea's nuclear power status at party congress

Kim Jong-Un opened North Korea's first ruling party congress for nearly 40 years on Friday, with a defiant defence of the "magnificent" strides made in the country's nuclear weapons programme. Hailing the historic test of what North Korea claims was a hyd
Published 07 May, 2016 12:00am
Afghan forces raid frees 60 from Taliban prison

Afghan forces raid frees 60 from Taliban prison

Afghan special forces backed by helicopter gunships freed more than 60 people held captive in a Taliban prison in southern Afghanistan, officials said Friday, in a major raid against the resurgent Islamist group. The operation conducted Thursday in Now Za
Published 07 May, 2016 12:00am
Australian dollar slammed by inflation outlook

Australian dollar slammed by inflation outlook

The Australian dollar skidded 1 percent on Friday after the central bank slashed its inflation forecasts and markets rushed to price in not one, but two more rate cuts this year. The Australian dollar sank over half a US cent to break under 74 cents for t
Published 07 May, 2016 12:00am
Yuan firms on corporate demand

Yuan firms on corporate demand

The yuan edged up against the dollar on Friday on yuan demand from banks and their corporate clients, shrugging off the softest midpoint set by the central bank in a month, traders said. If the yuan closes around the midday level, it would have weakened 0
Published 07 May, 2016 12:00am
Sterling hits 11-day low on persistent Brexit concerns

Sterling hits 11-day low on persistent Brexit concerns

Sterling hit an 11-day low on Friday, as investors worried that a referendum on whether Britain should stay in the European Union was still too close to call, with seven weeks to go. Regional and local elections, in which Britain's main opposition Labour
Published 07 May, 2016 12:00am
Asia FX down for week; ringgit leads on 1MDB concerns
Currency

Asia FX down for week; ringgit leads on 1MDB concerns

The Philippine peso was set to post its third straight weekly fall, hitting a two-month low on Friday, amid growing worries about the new government's economic policies ahead of a presidential election next week. Most other emerging Asian currencies edged
Published 07 May, 2016 12:00am
EU won't sacrifice food safety for US trade deal: German minister

EU won't sacrifice food safety for US trade deal: German minister

The EU won't sacrifice its high food safety standards for better US auto market access in a transatlantic trade deal being negotiated, a German minister said Friday. The comments by Agriculture Minister Christian Schmidt were the latest criticism of the t
Published 07 May, 2016 12:00am
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