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Print - 2016-06-19
Asia's coffee sales slow due to hoarding, tighter supply

Asia's coffee sales slow due to hoarding, tighter supply

Asia's coffee sales slowed this week due to hoarding, tighter supply in Vietnam and as Indonesia's harvest is yet to touch its peak, traders said on Thursday. Slowing sales in Vietnam, the world's largest robusta producer, along with a drop in coffee expo
Published 19 Jun, 2016 12:00am
European wheat futures weaker

European wheat futures weaker

European wheat futures were weaker in the late afternoon on Thursday, but recovering from a three-week low hit in morning trade, as the market followed a mixed trend in Chicago. Activity was moderate as traders awaited a clearer picture of the impact of h
Published 19 Jun, 2016 12:00am
US FOB Gulf soya premiums firmer on strong demand

US FOB Gulf soya premiums firmer on strong demand

Export premiums for soyabeans shipped from the US Gulf Coast were steady to higher on Thursday, supported by strong demand for shipments through early autumn, traders said. Limited available soyabean supplies in Argentina and elevated prices in Brazil hav
Published 19 Jun, 2016 12:00am
RBC eyes more US expansion after City National deal

RBC eyes more US expansion after City National deal

Royal Bank of Canada plans further expansion in the United States following its $5 billion acquisition of Los Angeles-based City National in November, Chief Executive Dave McKay said on Thursday. McKay said acquiring City National gave the bank an "enormo
Published 19 Jun, 2016 12:00am
Guinea's CBG gets $1 billion loan to boost bauxite production

Guinea's CBG gets $1 billion loan to boost bauxite production

Guinea's Bauxite Company (CBG) has reached an agreement in principle over a $1 billion loan to increase production capacity at the Kamsar treatment plant, the firm's general director told Reuters on Friday. Guinea has around a third of the world's reserve
Published 19 Jun, 2016 12:00am
US ends $1.6 billion criminal case against FedEx

US ends $1.6 billion criminal case against FedEx

The US Department of Justice on Friday dismissed all criminal charges against FedEx Corp in a case where the company was accused of shipping packages from illegal online pharmacies despite repeated warnings, according to a court filing. Trial had begun ea
Published 19 Jun, 2016 12:00am
Row with government halts output at Mauritania gold mine

Row with government halts output at Mauritania gold mine

Production has been suspended at a giant Canadian-owned gold mine in Mauritania after the state ordered expatriates whose work permits had expired to stay home, a company spokesman told AFP on Saturday. The latest stoppage at Tasiast mine in the country's
Published 19 Jun, 2016 12:00am
US regulator approves IEX as national stock exchange

US regulator approves IEX as national stock exchange

The US Securities and Exchange Commission has approved alternative trading group IEX Group Inc's request to launch a new US public stock exchange, in a move likely to intensify arguments over current market structure. IEX, made famous by Michael Lewis' 20
Published 19 Jun, 2016 12:00am
BASF to buy Albemarle's Chemetall coatings division for $3.2 billion

BASF to buy Albemarle's Chemetall coatings division for $3.2 billion

German chemicals giant BASF said Friday it has agreed to purchase Chemetall, the surface treatment subsidiary of US group Albemarle, for $3.2 billion (2.8 billion euros). BASF added in its statement that "the transaction is subject to approval by the rele
Published 19 Jun, 2016 12:00am
Central banks ready to intervene in case of Brexit: ECB's Visco

Central banks ready to intervene in case of Brexit: ECB's Visco

Central banks are ready to intervene if Britain votes to leave the European Union (EU) at a referendum next week, ECB Governing Council member Ignazio Visco was quoted as saying on Saturday. The prospect of the closely-contested vote, which will help dete
Published 19 Jun, 2016 12:00am
California surpasses France as world's sixth-largest economy

California surpasses France as world's sixth-largest economy

California is now the sixth-largest economy in the world, surpassing France, thanks to a robust state economy and strong US dollar. California was the world's eighth-largest economy in 2014, Irena Asmundson, chief economist of the California Department of
Published 19 Jun, 2016 12:00am
US requires HeidelbergCement, Italcementi to divest US assets

US requires HeidelbergCement, Italcementi to divest US assets

German cement producer HeidelbergCement AG and Italian producer Italcementi SpA have agreed to divest some US assets to settle the Federal Trade Commission's charge that their proposed $4.2 billion merger would likely harm competition in the United States
Published 19 Jun, 2016 12:00am
Nine out of 10 Vancouver houses now worth more than C$1 million
Currency

Nine out of 10 Vancouver houses now worth more than C$1 million

More than 90 percent of all detached homes in Vancouver are now worth more than C$1 million ($772,141), up from just 19 percent a decade ago, a new study has found, showing how rapidly housing prices have escalated in the Canadian city. The biggest jump c
Published 19 Jun, 2016 12:00am
Brexit would turn UK into minor trading post: French minister

Brexit would turn UK into minor trading post: French minister

Britain would become a minor trading post with no more significance on the world stage than the island of Guernsey if it voted to leave the European Union in a referendum next week, France's economy minister was quoted as saying on Saturday. In an intervi
Published 19 Jun, 2016 12:00am
China's Xi highlights Serbia trade as Beijing signs 22 deals
Currency

China's Xi highlights Serbia trade as Beijing signs 22 deals

China sought to strengthen its economic presence in central and eastern Europe on Saturday by signing 22 agreements on finance and infrastructure with Serbia. The deals, in areas such as currency swaps, renewable energy and highway construction, came duri
Published 19 Jun, 2016 12:00am
Greece could lift capital controls by year-end

Greece could lift capital controls by year-end

Greece could lift most or all capital controls imposed at the height of the euro zone crisis by the end of the year, the head of the country's banking association said on Saturday. The controls, which restricted the amount of cash that can be withdrawn fr
Published 19 Jun, 2016 12:00am
Indian central bank chief in surprise move to step down
Currency

Indian central bank chief in surprise move to step down

India's central bank governor Raghuram Rajan, who has faced criticism from members of the ruling party for keeping interest rates too high, stunned officials on Saturday by announcing he would step down when his term ends on September 4. Rajan, a former c
Published 19 Jun, 2016 12:00am
China developer Vanke buys Shenzhen Metro unit for $6.9 billion

China developer Vanke buys Shenzhen Metro unit for $6.9 billion

China Vanke, the mainland's biggest property company by sales, said it will acquire a unit of Shenzhen Metro Group for 45.6 billion yuan ($6.9 billion) via a new share issue, making the state-owned subway operator its largest shareholder. The final purcha
Published 19 Jun, 2016 12:00am
Panama economy expands 4.6 percent in first quarter of 2016

Panama economy expands 4.6 percent in first quarter of 2016

Panama's economy grew 4.6 percent in the first quarter compared to the same period in 2015, the government said in a report on Friday. The Central American nation's quarterly economic expansion was driven by growth in financial services, construction, ele
Published 19 Jun, 2016 12:00am
Boeing deepens 737 assembly automation with new robotic system

Boeing deepens 737 assembly automation with new robotic system

Boeing is introducing a faster layer of automation into its 737 factory, adding a new robotic system to drill holes in the main beams inside each wing known as spars, industry sources said. The move deepens the US jetmaker's thrust into automation as it p
Published 19 Jun, 2016 12:00am
China home prices rise faster in May as smaller cities join rally

China home prices rise faster in May as smaller cities join rally

Sizzling home price rises in China's biggest cities showed signs of easing in May but sharp gains appeared to be spreading to smaller cities, making policymakers' job harder as they look to support the faltering economy without inflating bubbles. The reco
Published 19 Jun, 2016 12:00am
HSBC to pay $35 million to resolve yen Libor litigation in US

HSBC to pay $35 million to resolve yen Libor litigation in US

HSBC Holdings Plc will pay $35 million to end private US antitrust litigation claiming that it harmed investors by conspiring with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. Papers outlining the preliminary settlem
Published 19 Jun, 2016 12:00am
US, Canada report major differences in lumber dispute

US, Canada report major differences in lumber dispute

Talks between the United States and Canada on a long-running dispute over softwood lumber exports have bogged down amid "significant differences," the two nations said on Friday, potentially paving the way for a fresh round of lawsuits. US producers compl
Published 19 Jun, 2016 12:00am
US sees China investment talks 'productive' after new offers: USTR

US sees China investment talks 'productive' after new offers: USTR

Bilateral investment talks between the United States and China "continue to be productive," the US Trade Representative's office said on Friday after the two sides exchanged new offers this week. A USTR spokeswoman said US and Chinese negotiators exchange
Published 19 Jun, 2016 12:00am
Oman bonds may be included in J.P Morgan index

Oman bonds may be included in J.P Morgan index

In a year of comebacks in emerging markets, Oman returned to the international bond market for the first time in nearly 20 years last week with a US $2.5bn offering comprising five and 10-year notes. While the outcome was considered decent by bankers, the
Published 19 Jun, 2016 12:00am
Oman bonds may be included in J.P Morgan index

Oman bonds may be included in J.P Morgan index

In a year of comebacks in emerging markets, Oman returned to the international bond market for the first time in nearly 20 years last week with a US $2.5bn offering comprising five and 10-year notes. While the outcome was considered decent by bankers, the
Published 19 Jun, 2016 12:00am
Junk bond covenants see sharpest fall ever: Moody's

Junk bond covenants see sharpest fall ever: Moody's

The level of overall covenant protection in junk bonds saw its biggest one-month decline ever in May as the high-yield market underwent a strong rally, Moody's said on Tuesday. The rating agency, which measures covenant quality from a best of 1 to a worst
Published 19 Jun, 2016 12:00am
Junk bond covenants see sharpest fall ever: Moody's

Junk bond covenants see sharpest fall ever: Moody's

The level of overall covenant protection in junk bonds saw its biggest one-month decline ever in May as the high-yield market underwent a strong rally, Moody's said on Tuesday. The rating agency, which measures covenant quality from a best of 1 to a worst
Published 19 Jun, 2016 12:00am
Bonds of Brazil phone carrier Oi jump on debt exchange terms

Bonds of Brazil phone carrier Oi jump on debt exchange terms

Prices of Oi SA bonds jumped on Friday after Brazil's most indebted wireless carrier laid out the terms of a restructuring proposal aimed at cutting 50 billion reais ($14.5 billion) in obligations by more than half. In a securities filing, Oi asked banks
Published 19 Jun, 2016 12:00am
Bonds of Brazil phone carrier Oi jump on debt exchange terms

Bonds of Brazil phone carrier Oi jump on debt exchange terms

Prices of Oi SA bonds jumped on Friday after Brazil's most indebted wireless carrier laid out the terms of a restructuring proposal aimed at cutting 50 billion reais ($14.5 billion) in obligations by more than half. In a securities filing, Oi asked banks
Published 19 Jun, 2016 12:00am
TSX rises as commodities rally; ends one percent lower for week
Currency

TSX rises as commodities rally; ends one percent lower for week

Canada's main stock index edged higher on Friday as commodities rallied and global worries about Britain voting to leave the European Union next week abated. Still, the index fell 1 percent for the week and has pulled back 3.8 percent from a recent 10-mon
Published 19 Jun, 2016 12:00am
Qatari bottled water firm Rayyan to list by end-2016

Qatari bottled water firm Rayyan to list by end-2016

Qatar's largest local supplier of bottled water, Rayyan Water, plans a stock market flotation by the end of 2016, helping to diversify a bourse dominated by banks, real estate and insurance firms. It would be only the third new listing in Qatar since 2010
Published 19 Jun, 2016 12:00am
Qatari bottled water firm Rayyan to list by end-2016

Qatari bottled water firm Rayyan to list by end-2016

Qatar's largest local supplier of bottled water, Rayyan Water, plans a stock market flotation by the end of 2016, helping to diversify a bourse dominated by banks, real estate and insurance firms. It would be only the third new listing in Qatar since 2010
Published 19 Jun, 2016 12:00am
Treasuries outlook: US yields rise as Brexit fears diminish

Treasuries outlook: US yields rise as Brexit fears diminish

US benchmark Treasury yields rose on Friday for the first time in nearly two weeks as investors repriced the odds that Britons will vote next week to exit the European Union, and as UK politicians halted campaigning on the referendum following the killing
Published 19 Jun, 2016 12:00am
Treasuries outlook: US yields rise as Brexit fears diminish

Treasuries outlook: US yields rise as Brexit fears diminish

US benchmark Treasury yields rose on Friday for the first time in nearly two weeks as investors repriced the odds that Britons will vote next week to exit the European Union, and as UK politicians halted campaigning on the referendum following the killing
Published 19 Jun, 2016 12:00am
Line Corp plans dual Tokyo, New York IPO, valuing firm at $5.5 billion

Line Corp plans dual Tokyo, New York IPO, valuing firm at $5.5 billion

Line Corp on Friday said it plans to list shares in Tokyo and New York next month through an initial public offering (IPO) that would value the Japanese messaging app operator at 588 billion yen ($5.50 billion). Tokyo-headquartered Line said it could rais
Published 19 Jun, 2016 12:00am
Tech entrepreneur unveils plan for new stock market

Tech entrepreneur unveils plan for new stock market

A Silicon Valley entrepreneur said Monday he has begun working on a new kind of stock exchange which he says is better adapted to the fast-moving world of tech startups. Eric Ries, who has worked at several California startups and venture capital firms, s
Published 19 Jun, 2016 12:00am
China snubs MSCI after 'A' shares inclusion denial

China snubs MSCI after 'A' shares inclusion denial

China on Wednesday brushed off stock index firm MSCI's decision to exclude the country's A shares from its influential global equities index, saying that the gauge cannot be complete without the Chinese stocks. The country's markets were up by the close d
Published 19 Jun, 2016 12:00am
Angola's sovereign fund steps up local private equity push

Angola's sovereign fund steps up local private equity push

Angola's $5 billion sovereign wealth fund is stepping up private equity investments at home and in sub-Saharan Africa as low commodity prices and currencies give it a cheap way in to hotel, farming and infrastructure projects, its chairman said. Jose Filo
Published 19 Jun, 2016 12:00am
Angola's sovereign fund steps up local private equity push

Angola's sovereign fund steps up local private equity push

Angola's $5 billion sovereign wealth fund is stepping up private equity investments at home and in sub-Saharan Africa as low commodity prices and currencies give it a cheap way in to hotel, farming and infrastructure projects, its chairman said. Jose Filo
Published 19 Jun, 2016 12:00am
Wall Street ends week on down note as Apple weighs

Wall Street ends week on down note as Apple weighs

Wall Street ended lower on Friday as Apple dragged down major indexes and investors girded for Britain's vote next week on its European Union membership. For the week, the three indexes each posted declines of at least 1 percent, with the Nasdaq falling n
Published 19 Jun, 2016 12:00am
South Korea foreign currency bank deposits slip in May
Currency

South Korea foreign currency bank deposits slip in May

South Korea's foreign currency bank deposits at end-May fell to their lowest level in three months, central bank data showed on Monday, falling by $5.19 billion to $56.85 billion. The Bank of Korea said the decline was mainly due to state-run businesses w
Published 19 Jun, 2016 12:00am
China should float yuan: Russian central banker tells CNBC
Currency

China should float yuan: Russian central banker tells CNBC

China should float its yuan currency even if there are no easy recipes for doing so, Ksenia Yudayeva, first deputy governor of the Russian central bank, told CNBC on Friday. Yudayeva also said that she and Deputy Finance Minister Sergei Storchak would vis
Published 19 Jun, 2016 12:00am
Naira to lose up to a third of its value
Currency

Naira to lose up to a third of its value

Nigeria's naira will lose around a third of its value after the central bank floats the currency and adopts a new market-driven trading regime on Monday, a Reuters poll found. The naira has been pegged at 197 to the US dollar for the past 16 months but th
Published 19 Jun, 2016 12:00am
ECB to launch new 50-euro banknote next year

ECB to launch new 50-euro banknote next year

The European Central Bank said Thursday it plans to issue a new 50-euro banknote early next year, as it gradually replaces all of its different notes currently in use. "The ECB and the national central banks of the euro area will unveil the new 'Europa' s
Published 19 Jun, 2016 12:00am
Speculators cut net shorts versus sterling, net longs in dollar
Currency

Speculators cut net shorts versus sterling, net longs in dollar

Currency speculators reduced their net short positions against the British pound in the latest week, ahead of a crucial vote about Britain's future in the European Union, according to data from the Commodity Futures Trading Commission released on Friday.
Published 19 Jun, 2016 12:00am
Peso fall corners Mexico's central bank as outflows gain pace
Currency

Peso fall corners Mexico's central bank as outflows gain pace

A precipitous slump in the peso and flight by investors from Mexican debt have put Mexico's central bank on the horns of a dilemma as it considers whether to hike interest rates in an effort to stop the peso's slide or stand pat. Fund managers and analyst
Published 19 Jun, 2016 12:00am
Sterling may weaken 11 percent if Brexit occurs: Goldman

Sterling may weaken 11 percent if Brexit occurs: Goldman

Sterling could slump 11 percent on a trade-weighted basis against a basket of major developed market currencies if Britain votes to leave the European Union on June 23, Goldman Sachs analysts said on Wednesday. If a "Brexit" happens, which traders fear wo
Published 19 Jun, 2016 12:00am
Canadian dollar strengthens against US counterpart
Currency

Canadian dollar strengthens against US counterpart

The Canadian dollar strengthened against its US counterpart on Friday as a selloff in oil and stocks ahead of Britain's EU membership vote next week abated, although gains for the loonie were limited by domestic data that showed slowing inflation.
Published 19 Jun, 2016 12:00am
Keys reaches Birmingham final

Keys reaches Birmingham final

Madison Keys reached the Birmingham grass court final on Saturday and moved into the world top 10 for the first time with a 3-6, 6-3, 7-6 (7/3) win over Carla Suarez Navarro. Keys is the first US woman to debut in the top 10 since Serena Williams in 1999
Published 19 Jun, 2016 12:00am
Murray to face Raonic in Queen's final

Murray to face Raonic in Queen's final

Andy Murray moved a step closer to a record fifth Queen's Club title as the defending champion battled into the final with a 6-3, 4-6, 6-3 victory over Marin Cilic on Saturday. Murray was pushed hard by Cilic but eventually subdued the Croatian in a tense
Published 19 Jun, 2016 12:00am
Lukaku hits double as Belgium down Ireland

Lukaku hits double as Belgium down Ireland

Romelu Lukaku silenced his critics with a brace as Belgium kick-started their Euro 2016 campaign by comfortably beating the Republic of Ireland 3-0 in Bordeaux on Saturday. After being frustrated by the Irish in the first half, Belgium broke through when
Published 19 Jun, 2016 12:00am
Morata double guides impressive Spain into last 16

Morata double guides impressive Spain into last 16

Holders Spain became the first team to score more than two goals in a game at Euro 2016, beating Turkey 3-0 as Andres Iniesta shone again and forward Alvaro Morata answered his critics with a double. They also achieved their first objective, which was to
Published 19 Jun, 2016 12:00am
IOC backs IAAF decision to uphold Russian athlete ban

IOC backs IAAF decision to uphold Russian athlete ban

The International Olympic Committee (IOC) ended any slim hopes that Russian athletes might have had of competing at the Rio Games in August by backing the IAAF's decision to extend its ban on the country for systematic doping on Saturday. The IOC said in
Published 19 Jun, 2016 12:00am
Bangladesh cricketer Shuvo receives serious head injury

Bangladesh cricketer Shuvo receives serious head injury

Bangladesh's international cricketer Suhrawadi Shuvo was hospitalised Saturday after he was hit on the neck by a bouncer during a domestic league match. Panic gripped local cricketers after the 27-year-old fell to the ground and was stretchered off as he
Published 19 Jun, 2016 12:00am
PCB praises Edhi Foundation

PCB praises Edhi Foundation

Abdul Sattar Edhi who has been running the Edhi Foundation for the better part of six decades, has received strong backing from the Pakistan Cricket Board which is now planning to sport the foundation logo on playing shirts for the one-day international a
Published 19 Jun, 2016 12:00am
Federer stunned by teen as Halle set for all-German final

Federer stunned by teen as Halle set for all-German final

Teenager Alexander Zverev caused a major shock as he beat eight-time winner and top seed Roger Federer in the Halle grasscourt semi-finals on Saturday. Error-strewn Federer's vulnerability on his favourite surface could perhaps be explained by a back inju
Published 19 Jun, 2016 12:00am
Rejuvenated Zimbabwe shock mighty India

Rejuvenated Zimbabwe shock mighty India

Zimbabwe rose from the ashes of an embarrassing one-day series whitewash at the hands of India to shock the tourists by two runs in a thrilling Twenty20 international at Harare Sports Club on Saturday. In a game that went right down to the final delivery,
Published 19 Jun, 2016 12:00am
Japan backs Russia's Rio lockout

Japan backs Russia's Rio lockout

Japanese Olympic chiefs on Saturday backed a decision to ban Russian track and field athletes from this summer's Rio Games over doping claims, calling it a "strong warning" to drug cheats. World athletics ruling body the IAAF on Friday voted unanimously n
Published 19 Jun, 2016 12:00am
IBSF team for World 6-Red announced

IBSF team for World 6-Red announced

President Pakistan Billiard and Snooker Association Alamgir A.Shaikh Saturday announced Pakistan team for the IBSF World 6-Red and Team Championship. The IBSF World 6-Red and Team Championship will be played from July 20-30 at Sharm-El-Sheikh, Egypt, said
Published 19 Jun, 2016 12:00am
Pakistani team leaves for England amid high hopes

Pakistani team leaves for England amid high hopes

The Pakistan cricket team has left the country for England for a series which includes four Tests, five one-day internationals and a Twenty20. Before departure at the Lahore Airport, the 42-year-old Misbah-ul-Haq says he is sanguine about the prospects of
Published 19 Jun, 2016 12:00am
Iraq forces hunt IS in Fallujah and eye Mosul

Iraq forces hunt IS in Fallujah and eye Mosul

Iraqi forces hunted down holdout jihadists in Fallujah Saturday after retaking the city centre and trained their sights on Mosul, the Islamic State's last remaining major hub in the country. While not fully under government control yet, Fallujah is the la
Published 19 Jun, 2016 12:00am
'Death to traitors', British MP murder suspect tells court

'Death to traitors', British MP murder suspect tells court

British lawmaker Jo Cox's alleged killer ranted against "traitors" in court Saturday, as EU referendum campaigning was suspended for a third day in tribute to the slain MP. "Death to traitors, freedom for Britain," 52-year-old Thomas Mair said when asked
Published 19 Jun, 2016 12:00am
Hong Kong bookseller defies Beijing by leading protest

Hong Kong bookseller defies Beijing by leading protest

A Hong Kong bookseller who said he was blindfolded, interrogated and detained in China led a protest march Saturday defying Beijing as pressure grows for authorities to answer questions over the case. Lam Wing-kee is one of five booksellers who went missi
Published 19 Jun, 2016 12:00am
Hackers divert $50 million in blow to virtual currency
Currency

Hackers divert $50 million in blow to virtual currency

Hackers have diverted more than $50 million in digital currency from an experimental fund meant to demonstrate that such money is safe for use, according to the New York Times. The sum was stolen from a project called the Decentralized Autonomous Organiza
Published 19 Jun, 2016 12:00am
Hackers divert $50 million in blow to virtual currency
Currency

Hackers divert $50 million in blow to virtual currency

Hackers have diverted more than $50 million in digital currency from an experimental fund meant to demonstrate that such money is safe for use, according to the New York Times. The sum was stolen from a project called the Decentralized Autonomous Organiza
Published 19 Jun, 2016 12:00am
Two dead in Tajikistan prison break

Two dead in Tajikistan prison break

A prison guard and prisoner were killed during a jailbreak by a trio of "Islamist" inmates in Tajikistan's north, police in the ex-Soviet country said Saturday. An interior ministry spokesman told AFP that prison guards in the city of Khujand opened fire
Published 19 Jun, 2016 12:00am
Teen hacks Pentagon websites, gets thanked for finding 'bugs'

Teen hacks Pentagon websites, gets thanked for finding 'bugs'

High school student David Dworken spent 10 to 15 hours between classes on his laptop, hacking US Defense Department websites. Instead of getting into trouble, the 18-year-old who graduated this week was one of two people praised by Secretary of Defense As
Published 19 Jun, 2016 12:00am
SME delegation by Pakistan-Japan Business Forum to Japan

SME delegation by Pakistan-Japan Business Forum to Japan

A 20 member delegation of medium sized industries of Pakistan Japan Business Forum (PJBF) led by Chairman Sohail P. Ahmed and Senior Vice Chairman Kimihiro Ushimaru, visited Japan for meeting respective companies from 23rd to 28th May. Pakistan Embassy in
Published 19 Jun, 2016 12:00am
Yemen's warring sides swap 194 prisoners in Taiz

Yemen's warring sides swap 194 prisoners in Taiz

Houthi and pro-government forces exchanged nearly 200 prisoners in Taiz in central Yemen on Saturday, the largest such swap to take place in the embattled city since the beginning of a civil war last year, local sources said. The exchange of 118 Houthis a
Published 19 Jun, 2016 12:00am
Afghan refugees already 'forgotten' before migrant crisis: UN

Afghan refugees already 'forgotten' before migrant crisis: UN

Displaced Afghans had already been "forgotten" by the international community before they began arriving in Europe en masse last year, UN refugee chief Filippo Grandi said on Saturday in Iran. Grandi, who on Friday began his first regional tour as the new
Published 19 Jun, 2016 12:00am
Countries slow to deliver promised peacekeeping contributions

Countries slow to deliver promised peacekeeping contributions

Of the 46 countries that pledged to provide resources to maintain United Nations peace operations, 14 have failed completely or only partially kept their promises. In a United States-led initiative organized at a summit in September, dozens of countries v
Published 19 Jun, 2016 12:00am
Amid melting Arctic ice, Kerry sees looming climate catastrophe

Amid melting Arctic ice, Kerry sees looming climate catastrophe

Standing near Greenland's Jakobshavn glacier, the reputed source of the iceberg that sank the Titanic over a century ago, US Secretary of State John Kerry saw evidence of another looming catastrophe. Giant icebergs broken off from the glacier seemed to gr
Published 19 Jun, 2016 12:00am
Eight buried in Tibet landslide

Eight buried in Tibet landslide

Eight people have been buried in a landslide following heavy rain in eastern Tibet, Xinhua quoted local authorities as saying Saturday. Nine people were sheltering in a cave near a village in Medog county when the landslides occurred, the official Chinese
Published 19 Jun, 2016 12:00am
Germany slams Nato 'warmongering' on Russia

Germany slams Nato 'warmongering' on Russia

German Foreign Minister Frank-Walter Steinmeier has criticised Nato for having a bellicose policy towards Russia, describing it as "warmongering", the German daily Bild reported. Steinmeier pointed to the deployment of Nato troops near borders with Russia
Published 19 Jun, 2016 12:00am
UN chief urges end of migrant 'detention' in Greece

UN chief urges end of migrant 'detention' in Greece

UN chief Ban Ki-Moon said Saturday that the "detention" of migrants who have arrived in Greece since March should cease immediately, as he visited the frontline of the migration crisis engulfing Europe. He made the comments after visiting two camps on the
Published 19 Jun, 2016 12:00am
George W. Bush ends exile, helps Republicans raise money

George W. Bush ends exile, helps Republicans raise money

Former President George W. Bush had every intention of sticking to his self-imposed exile from politics, but found that the phone kept ringing with appeals from Republican US Senate candidates for help, friends say. As a result, Bush has embarked on a res
Published 19 Jun, 2016 12:00am
Three astronauts touch down after six months in space

Three astronauts touch down after six months in space

Three astronauts including Briton Tim Peake landed back on Earth Saturday after completing a six-month mission on the International Space Station (ISS). Peake, the first British astronaut on the ISS, Russia's Yury Malenchenko and NASA's Tim Kopra parachut
Published 19 Jun, 2016 12:00am
Obama touts environmental record on family outing to national parks

Obama touts environmental record on family outing to national parks

President Barack Obama and the first family are celebrating America's cherished natural heritage, making a weekend tour marking the 100th anniversary of the nation's vaunted national park system. Obama, also using the occasion to tout his record on the en
Published 19 Jun, 2016 12:00am
Oman raises $2.5 billion in bonds to meet deficit

Oman raises $2.5 billion in bonds to meet deficit

Oman has raised $2.5 billion in a bond sale arranged by five international banks to help meet its budget deficit resulting from low oil prices, the finance ministry said Saturday. The ministry, quoted by the Oman News Agency, said the sultanate's first in
Published 19 Jun, 2016 12:00am
Oman raises $2.5 billion in bonds to meet deficit

Oman raises $2.5 billion in bonds to meet deficit

Oman has raised $2.5 billion in a bond sale arranged by five international banks to help meet its budget deficit resulting from low oil prices, the finance ministry said Saturday. The ministry, quoted by the Oman News Agency, said the sultanate's first in
Published 19 Jun, 2016 12:00am
Belgium anti-terror sweep over 'imminent' attack fears

Belgium anti-terror sweep over 'imminent' attack fears

Belgian police staged sweeping nationwide anti-terror raids and arrested 12 people, officials said Saturday, as security for 30 VIPs was reinforced over fears of an "imminent" attack. The alert came as thousands of people gathered across the country in fa
Published 19 Jun, 2016 12:00am
CM Punjab reviews project of PK&LTIRC

CM Punjab reviews project of PK<IRC

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting here Saturday which reviewed the matters regarding the project of Pakistan Kidney & Liver Transplant Institute and Research Center. Addressing the meeting, the Chief Minister
Published 19 Jun, 2016 12:00am
Clean drinking water supply project: Shahbaz reviews progress

Clean drinking water supply project: Shahbaz reviews progress

Punjab Chief Minister Shahbaz Sharif presided over a high level meeting, here on Saturday, to review the progress of matters regarding the project of supply of clean drinking water to the citizens. Addressing the meeting, the Chief Minister said work had
Published 19 Jun, 2016 12:00am
Leaders of MAI join PTI

Leaders of MAI join PTI

Leaders of Malir Awami Ittihad (Malir Public Alliance) along with 19 members of Union Councils (UCs) joined Pakistan Tehreek-e-Insaf on Saturday. Leaders of Jam Group and Malir Awami Ittihad Jam Abdul Karim, Jan Aalam Jamot, Tariq Aziz Baloch and 19 membe
Published 19 Jun, 2016 12:00am
Lyari expressway to be completed by end December: Commissioner

Lyari expressway to be completed by end December: Commissioner

Commissioner Karachi Division Ejaz Ahmed Khan has said that the Lyari expressway from Merewether Tower to Sohrab Goth would be completed by end December to help ease traffic flow within city. Addressing the members of Pakistan Hosiery Manufacturers & Expo
Published 19 Jun, 2016 12:00am
Iran hands over 110 deportees to Pakistan

Iran hands over 110 deportees to Pakistan

Iranian security forces handed over 110 Pakistani nationals to Levies force on Pak-Iran borders in Taftan area of Chaghi district. According to Levies sources, on Saturday that these Pakistani workers had been arrested from different parts of Iran by Iran
Published 19 Jun, 2016 12:00am
Arrangements of Yom-e-Ali (RA) reviewed

Arrangements of Yom-e-Ali (RA) reviewed

Commissioner of Karachi, Aijaz Ahmed Khan on Saturday presided over a meeting and reviewed arrangements for Yom-e-Ali (R.A) on 21st Ramazan. The meeting decided to make foolproof security around Imam Bargahs, Mosques, and for Majalis and processions, said
Published 19 Jun, 2016 12:00am
'Government fully committed to promoting sports activities'

'Government fully committed to promoting sports activities'

The Chief Secretary Sindh Muhammad Siddique Memon has said that the government fully committed to promote sports activities and provide health facilities to the youth of the province. To meet the commitment the government had doubled the budgetary allocat
Published 19 Jun, 2016 12:00am
'Sad demise' of Sattar Edhi: FO withdraws condolence message

'Sad demise' of Sattar Edhi: FO withdraws condolence message

Foreign Office had to withdraw a condolence message by Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on the "sad demise" of the country renowned philanthropist Abdul Sattar Edhi after it noticed that it was based on the wrong information.
Published 19 Jun, 2016 12:00am
FPCCI for comprehensive strategy towards building water reservoirs

FPCCI for comprehensive strategy towards building water reservoirs

Chairman Regional Standing Committee of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Ahmad Jawad, has said, "We need to develop a comprehensive strategy to build water reservoirs on priority basis to meet the production of agriculture
Published 19 Jun, 2016 12:00am