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Print - 2017-08-21
Nawaz, family members: NAB likely to take unilateral action

Nawaz, family members: NAB likely to take unilateral action

National Accountability Bureau (NAB) is likely to take unilateral action against former Prime Minister Nawaz Sharif and his family members if they continue disappearing before the top anti-corruption body in investigations into their offshore assets discl
Published 21 Aug, 2017 12:00am
Nawaz, family members: NAB likely to take unilateral action

Nawaz, family members: NAB likely to take unilateral action

National Accountability Bureau (NAB) is likely to take unilateral action against former Prime Minister Nawaz Sharif and his family members if they continue disappearing before the top anti-corruption body in investigations into their offshore assets discl
Published 21 Aug, 2017 12:00am
Dick Gregory dies

Dick Gregory dies

Dick Gregory, a comedian who lambasted racism and played a prominent role in the 1960s civil rights movement after becoming one of the first black comics to perform for white audiences, died on Saturday at age 84, his son said. "It is with enormous sadnes
Published 21 Aug, 2017 12:00am
Dick Gregory dies

Dick Gregory dies

Dick Gregory, a comedian who lambasted racism and played a prominent role in the 1960s civil rights movement after becoming one of the first black comics to perform for white audiences, died on Saturday at age 84, his son said. "It is with enormous sadnes
Published 21 Aug, 2017 12:00am
Group of Gazan children get first glimpse of Jerusalem
Exchange

Group of Gazan children get first glimpse of Jerusalem

Dozens of Palestinian children from the Gaza Strip saw Jerusalem and two of its holy sites for the first time on Sunday as part of a UN-run exchange programme. Ninety-one children aged between eight and 14 crossed from the blockaded Palestinian enclave in
Published 21 Aug, 2017 12:00am
Group of Gazan children get first glimpse of Jerusalem
Exchange

Group of Gazan children get first glimpse of Jerusalem

Dozens of Palestinian children from the Gaza Strip saw Jerusalem and two of its holy sites for the first time on Sunday as part of a UN-run exchange programme. Ninety-one children aged between eight and 14 crossed from the blockaded Palestinian enclave in
Published 21 Aug, 2017 12:00am
Nisar says not quitting politics

Nisar says not quitting politics

Negating all rumours about quitting Pakistan Muslim League-Nawaz as well as politics, former Interior Minister Chaudhry Nisar Ali Khan has categorically said that he had declined to become a part of Prime Minister Shahid Khaqan Abbasi's cabinet over a 'di
Published 21 Aug, 2017 12:00am
Nisar says not quitting politics

Nisar says not quitting politics

Negating all rumours about quitting Pakistan Muslim League-Nawaz as well as politics, former Interior Minister Chaudhry Nisar Ali Khan has categorically said that he had declined to become a part of Prime Minister Shahid Khaqan Abbasi's cabinet over a 'di
Published 21 Aug, 2017 12:00am
Deceptive marketing practices

Deceptive marketing practices

It is good to see that Competition Commission of Pakistan (CCP) has lately become more active in checking deceptive market practices as provided under the law. According to a news item in this newspaper on 15th August, 2017, it has directed companies and
Published 21 Aug, 2017 12:00am
Modi's double-talk

Modi's double-talk

Deception and deceit are the hallmark of the Chanakiyan school of thought. And who could be more committed to this mindset than India's Prime Minister Narendra Modi. In his speech on India's Independent Day on Tuesday, he talked of embracing the Kashmiris
Published 21 Aug, 2017 12:00am
Facts are sacred

Facts are sacred

Prime Minister Shahid Khaqan Abbasi, in one of his first decisions after taking oath, curtailed the all-encompassing powers enjoyed by Minister of Finance Ishaq Dar during the four-year long Sharif administration, and, most noteworthy, was his decision to
Published 21 Aug, 2017 12:00am
Defence firms eye billion-dollar chance for 'made in India'

Defence firms eye billion-dollar chance for 'made in India'

India has drawn up a shopping list for tens of billions of dollars of foreign fighter jets, armoured vehicles, submarines and helicopters but it will only sign the cheques if they are made in India. The world's largest defence importer has announced a new
Published 21 Aug, 2017 12:00am
Job creation

Job creation

Since the end of WW-II, the greatest concern of politicians (and the dictators) has been job creation. Creating jobs is a surefire way to win votes. It is also a surefire way to avoid civil unrest, s and, above all, religious extremism. It is part of acce
Published 21 Aug, 2017 12:00am
Unfortunate controversy

Unfortunate controversy

Although National Assembly Speaker Ayaz Sadiq has rejected reports that he has filed a reference against Justice Asif Saeed Khosa, the heated political climate has given birth to an unfortunate controversy. Commenting on reports in a section of the media
Published 21 Aug, 2017 12:00am
SCCI for setting up 'marketing intelligence cell'

SCCI for setting up 'marketing intelligence cell'

President Sialkot Chamber of Commerce and Industry (SCCI) Majid Raza Bhutta has called upon the government to take step for setting up "Marketing Intelligence Cell" to facilitate the business community of the country. Talking to reporters on Sunday he sai
Published 21 Aug, 2017 12:00am
US furniture manufacturers due today

US furniture manufacturers due today

A high level delegation of the United States furniture manufacturers comprising Bilal Saglam and Ms Gizem Cigdem from the US leading furniture brand "Ashley Furniture Industries" will arrive here on Monday to explore mutual investment in the furniture ind
Published 21 Aug, 2017 12:00am
Minister seeks proposals for resolving textile sector's issues
Cotton

Minister seeks proposals for resolving textile sector's issues

Short and long term remedial strategies would be evolved to drag out textile sector from the current crisis and in this connection all stakeholders should submit their workable proposals within a week. This was stated by State Minister for Commerce & Text
Published 21 Aug, 2017 12:00am
Industrial areas to get due share in KDP: Zubair

Industrial areas to get due share in KDP: Zubair

Governor Sindh Muhammad Zubair has assured the business community that attention would be paid on the uplift of industrial areas under the Karachi Development Package. Talking to the president of the Pakistan Federation of Chambers of Commerce and Industr
Published 21 Aug, 2017 12:00am
KP CM approves Rs 50 million grant for WSSP Abbottabad

KP CM approves Rs 50 million grant for WSSP Abbottabad

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed for release of grant of Rs 50 million for Water Supply and Sanitation Programme (WSSP) Abbottabad and preparation of comprehensive Rs 500 million PC-1 covering all the requirements of WSSA on t
Published 21 Aug, 2017 12:00am
Two electrocuted, two hurt in Swat

Two electrocuted, two hurt in Swat

At least two people were killed and two others wounded in a fire incident that broke out due to the electric short circuit at the Kalam area of Swat on Sunday. According to police, the fire was triggered by an electric short circuit in a house following l
Published 21 Aug, 2017 12:00am
WMOs advised to refrain from 'unethical' practices

WMOs advised to refrain from 'unethical' practices

Orientation session for newly inducted medical officers at Jinnah Hospital was held. Principal Allama Iqbal Medical College Professor Rashid Zia, Medical Superintendent Dr Sohail Saqlain, and other faculty Members gave detailed briefing on norms and disci
Published 21 Aug, 2017 12:00am
Three human traffickers nabbed

Three human traffickers nabbed

The Anti Human Trafficking Cell (AHTC) of Federal Investigation Agency (FIA) arrested three human traffickers here on Sunday. The AHTC of FIA taking notice of the public complaints conducted operation against human traffickers in provincial capital Lahore
Published 21 Aug, 2017 12:00am
65,155 appear in medical, dental colleges entrance test

65,155 appear in medical, dental colleges entrance test

As many as 65,155 candidates (41,563 female and 23,592 male) appeared in medical and dental colleges' admission test for the Punjab which was conducted by the University of Health Sciences (UHS) Lahore, simultaneously in 13 cities of the province, amid ti
Published 21 Aug, 2017 12:00am
First-ever overseas policy in the offing

First-ever overseas policy in the offing

Ministry of Overseas and Human Resource Development would finalise the draft of the first-ever Overseas Policy soon with special focus on providing maximum facilities to the overseas Pakistanis who render huge contribution to the country's economy in form
Published 21 Aug, 2017 12:00am
JPMC faces acute shortage of medicines

JPMC faces acute shortage of medicines

The patients of Jinnah Postgraduate Medical Centre (JPMC) are compelled to purchase medicines from the market as there is medicine shortage in the hospital for last several weeks. An official of the Pharmacy department told the PPI on the condition of ano
Published 21 Aug, 2017 12:00am
Pasban's welfare-oriented services lauded

Pasban's welfare-oriented services lauded

Deputy Commissioner Faisalabad Salman Ghani said imparting the youth with vocational training was a great service of the society and volunteer institutions engaged in this welfare service were sharing the burden of the government regarding enabling the yo
Published 21 Aug, 2017 12:00am
Heavy downpour triggers flashfloods in Hazara

Heavy downpour triggers flashfloods in Hazara

Torrential rains coupled with the thunderstorm in Hazara division on Sunday triggered flash flood and impeded life in most parts of its districts including Abbottabad, Haripur, Battagram and Mansehra. Because of heavy rains, followed by the thunderstorm,
Published 21 Aug, 2017 12:00am
Number of dengue patients soars to 900 in Peshawar

Number of dengue patients soars to 900 in Peshawar

As number of dengue patients rose to 900 in Peshawar, Khyber Pakhtunkhwa (KP) government has decided on Sunday to take help from the medical teams from Punjab to overcome dengue. KP Minister for Health Shahram Khan Tarakai has informed Punjab Minister for
Published 21 Aug, 2017 12:00am
No confidence motion against Charsadda district government

No confidence motion against Charsadda district government

A no-confidence motion moved by opposition parties against the Pakistan Tehreek-e-Insaf (PTI) led district government in Charsadda will be taken up today in the district council. Three opposition parties; Awami National Party (ANP), Qaumi Wattan Party (QW
Published 21 Aug, 2017 12:00am
Shahbaz for quick recovery of kidnapped police officials

Shahbaz for quick recovery of kidnapped police officials

Punjab Chief Minister Muhammad Shehbaz Sharif has directed to ensure the safe recovery of kidnapped police personnel in Kacha area of Rajanpur at the earliest and added that all out resources should be utilised for this purpose. He directed Inspector Gene
Published 21 Aug, 2017 12:00am
Rs 70.017 million losses detected in KP revenue receipts

Rs 70.017 million losses detected in KP revenue receipts

The Auditor General of Pakistan (AGP) has detected a loss of Rs 70.017 million in six cases to Khyber Pakhtunkhwa government due to non-realization of property tax, professional tax, hotel tax and motor vehicle tax in the revenue receipts of the province.
Published 21 Aug, 2017 12:00am
'Syllabus of paramedical students being modernised'

'Syllabus of paramedical students being modernised'

Principal Post Graduate Medical Institute (PGMI) Professor Ghias un Nabi Tayyab has said that Para medical students' syllabus is being modernised and capable professional teachers are being inducted to adopt latest techniques. While addressing Independenc
Published 21 Aug, 2017 12:00am
Speakers for checking flow of money to banned charity groups

Speakers for checking flow of money to banned charity groups

Speakers at an orientation session on 'Safe charity practices in Karachi' stressed on the need of co-ordination among all stakeholders to check the flow of money to banned charity groups. In Pakistan, more than $ 5.4 billion is collected as charity annual
Published 21 Aug, 2017 12:00am
Speakers for checking flow of money to banned charity groups

Speakers for checking flow of money to banned charity groups

Speakers at an orientation session on 'Safe charity practices in Karachi' stressed on the need of co-ordination among all stakeholders to check the flow of money to banned charity groups. In Pakistan, more than $ 5.4 billion is collected as charity annual
Published 21 Aug, 2017 12:00am
PepsiCo Pakistan signs Women's Empowerment Principles

PepsiCo Pakistan signs Women's Empowerment Principles

PepsiCo Pakistan signed on to the women's empowerment principles, a joint initiative of UN Women and the UN Global Compact. These principles provide a set of considerations to help the private sector focus on key elements integral to promoting gender equa
Published 21 Aug, 2017 12:00am
Medical colleges: Bangladesh offers 23 seats to Pakistani students

Medical colleges: Bangladesh offers 23 seats to Pakistani students

The Bangladesh government has offered 23 seats to Pakistani students for doing MBBS/BDS courses in its government medical colleges on self-finance basis for academic session 2018 under South Asian Association for Regional Cooperation (SAARC) quota. Applic
Published 21 Aug, 2017 12:00am
JI chief accuses Nawaz, his sons of setting bad precedent

JI chief accuses Nawaz, his sons of setting bad precedent

Ameer, Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that Nawaz Sharif and his sons had set the worst example of arrogance by refusing to appear before NAB courts, a JI press release said here on Sunday. Addressing a large public meeting at Que
Published 21 Aug, 2017 12:00am
Migration awareness: MRC to be set up in Punjab, KP & Sindh

Migration awareness: MRC to be set up in Punjab, KP & Sindh

The country's first ever Migrant Resource Center (MRC), after running a successful pilot project in the federal capital, will expand its offices in Punjab, Khyber Pakhtunkhwa and Sindh under a four-year project. The center was established by the Ministry
Published 21 Aug, 2017 12:00am
PPP will stage rallies across KP: Bilawal

PPP will stage rallies across KP: Bilawal

Chairman, Pakistan People's Party (PPP) Bilawal Bhutto Zardari claimed that Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan will cry when his party will stage public meetings across Khyber Pakhtunkhwa (KP). Addressing his party's public meeting at tourist
Published 21 Aug, 2017 12:00am
Taxi drivers protest against online cab services

Taxi drivers protest against online cab services

Taxi drivers on Sunday staged a protest rally in the federal capital against the impact of online cab services on their business. Many cab drivers participating in the protest claimed that their income is being affected due to the growing number of privat
Published 21 Aug, 2017 12:00am
Pakistan still world's largest host of refugees: UN

Pakistan still world's largest host of refugees: UN

Pakistan continued to host the largest number of refugees in the world (1.45 million), nearly all from Afghanistan, a United Nations High Commission for Refugees (UNHCR) report said. Pakistan had generously hosted the world's largest refugee population fo
Published 21 Aug, 2017 12:00am
Pakistan won't remain oblivious to its security needs: General Zubair

Pakistan won't remain oblivious to its security needs: General Zubair

Chairman JCSC General Zubair Mahmood Hayat on Sunday visited National Engineering and Scientific Commission (NESCOM), informed ISPR. Expressing satisfaction over the development and progress of various strategic systems and capabilities, Chairman JCS Comm
Published 21 Aug, 2017 12:00am
Seven commandos of Elite Force kidnapped

Seven commandos of Elite Force kidnapped

Dacoits have gotten active once again in Southern Punjab, targeting police; this time around kidnapping seven commandos of the Elite Force and that too without resistance. Police said the kidnappers are affiliated with Sikhai and Lund gangs. According to
Published 21 Aug, 2017 12:00am
IGP Sindh for Eid-ul-Azha contingency plan

IGP Sindh for Eid-ul-Azha contingency plan

The Inspector General of Police (IGP) Sindh A.D. Khawaja has directed that a contingency plan be prepared for Eid-ul-Azha to further strengthen security measures. A police spokesman said here on Sunday that he issued directives to this effect to the conce
Published 21 Aug, 2017 12:00am
MQM-London activists among 11 held

MQM-London activists among 11 held

Sindh Rangers have on Sunday apprehended at least 11 criminals during raids in different areas of Karachi. In a statement issued by the Rangers spokesperson, the arrested persons also include two criminals belonging to militant wing of Muttahida Qaumi Mov
Published 21 Aug, 2017 12:00am
CJP condoles Dr Pfau's death

CJP condoles Dr Pfau's death

The Chief Justice of Pakistan has expressed deep sorrow and grief over the sad demise of Dr Ruth Katharina Martha Pfau who devoted her entire life to serve leprosy patients in Pakistan. Paying tributes to her, the Chief Justice eulogised the services of D
Published 21 Aug, 2017 12:00am
JIT formed to probe pilferage of transshipment consignments

JIT formed to probe pilferage of transshipment consignments

Directorate General of Intelligence and Investigation (DGI&I)-FBR, Islamabad has established a Joint Investigation Team (JIT) to probe the pilferage of transshipment consignments by M/s KK Metal Industry, Sialkot. According to the office order, the phenom
Published 21 Aug, 2017 12:00am
Difference of opinion reflects democracy within PML-N, says Marvi

Difference of opinion reflects democracy within PML-N, says Marvi

BISP National Socio Economic Registry (NSER) is a national asset that is vital for development planning at all levels for the progress of the country. It is not just a tool for identifying poor for financial assistance but is utilised by a number of organ
Published 21 Aug, 2017 12:00am
DUHS paediatric rehab services department opens

DUHS paediatric rehab services department opens

Sindh Chief Minister Syed Murad Ali Shah inaugurated a Multidisciplinary Paediatric Rehab Services Department (MPRSD) at the Dow University of Health Sciences, here on Sunday. Speaking on occasion, he said he has already declared emergency in health and e
Published 21 Aug, 2017 12:00am
No differences in PML-N: Rana

No differences in PML-N: Rana

Punjab Law Minister Rana Sanaullah has said that there is no division in Pakistan Muslim League (PML-N) ranks and at present the party is more united than the past. Talking to a private TV channel here on Sunday, he said that those talking of division and
Published 21 Aug, 2017 12:00am
All set to begin polio drive in Balochistan today

All set to begin polio drive in Balochistan today

The five days anti-polio campaign will begin in Quetta, Pishin, Qilah Abdullah and Mastung on Monday. Syed Faisal Ahmed, Co-ordinator of the Emergency Operation Center said that the polio campaign in Balochistan would kick-off on Monday in 127 Union Counc
Published 21 Aug, 2017 12:00am
Corruption and state can't run parallel: Siraj

Corruption and state can't run parallel: Siraj

Ameer Jamaat-e-Islami (JI) Pakistan Siraj ul Haq on Sunday said that everyone should be held accountable for their actions as corruption and the state cannot go parallel. Addressing a public gathering here, he said ousted Prime Minister Nawaz Sharif would
Published 21 Aug, 2017 12:00am
Three die, two injured in truck, car collision

Three die, two injured in truck, car collision

At least three people died and two others were injured in collision between truck and car here on Sunday. Police said that an over speeding truck collided head-on with a car at Tando Ghulam Ali Road in Matli area of Badin. The car was damaged adversely, k
Published 21 Aug, 2017 12:00am
PAAPAM and IAPMA agree to have a liaison for mutual trade benefits

PAAPAM and IAPMA agree to have a liaison for mutual trade benefits

Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM) and Iranian Auto-Parts Manufacturers Association have agreed to create a liaison for mutual trade benefits. The decision in this regard, was made at a meeting between PAAPAM represe
Published 21 Aug, 2017 12:00am
Prisoners allowed to cast vote in NA-120 by-poll

Prisoners allowed to cast vote in NA-120 by-poll

The Election Commission of Pakistan (ECP) has allowed the prisoners to cast their vote iin forthcoming NA-120 by-poll According to details, the inmates will vote in the election while using the postal service. ECP has sent a draft to Punjab Chief Secretar
Published 21 Aug, 2017 12:00am
Interview with Mr Moinuddin, Pakistan Remittance Initiative
Kerb

Interview with Mr Moinuddin, Pakistan Remittance Initiative

'PRI to launch investment products this fiscal year'Mr. Moinuddin is the head of Pakistan Remittance Initiative (PRI), a remittance-enhancing joint initiative of the State Bank of Pakistan (SBP), Ministry of Finance and Ministry of Overseas Pakista
Published 21 Aug, 2017 12:00am
Interview with Mr Moinuddin, Pakistan Remittance Initiative
Kerb

Interview with Mr Moinuddin, Pakistan Remittance Initiative

'PRI to launch investment products this fiscal year'Mr. Moinuddin is the head of Pakistan Remittance Initiative (PRI), a remittance-enhancing joint initiative of the State Bank of Pakistan (SBP), Ministry of Finance and Ministry of Overseas Pakista
Published 21 Aug, 2017 12:00am
Afghanistan massacre may account to war crime: UN

Afghanistan massacre may account to war crime: UN

A United Nations investigation published Sunday confirmed that Taliban and self-proclaimed Islamic State insurgents jointly massacred dozens of people in Afghanistan earlier this month in an attack that "may amount to a war crime". The body's mission in A
Published 21 Aug, 2017 12:00am
Spain releases: German-Turkish writer sought by Ankara

Spain releases: German-Turkish writer sought by Ankara

A Spanish court on Sunday ordered the conditional release of German-Turkish writer Dogan Akhanli a day after police had arrested him at Ankara's request, his lawyer said. Berlin - which sees Turkey's bid to have the writer extradited as a politically-moti
Published 21 Aug, 2017 12:00am
Four killed in explosion at a South Korean shipyard

Four killed in explosion at a South Korean shipyard

An explosion at a shipyard in South Korea owned by STX Offshore & Shipbuilding killed four workers on Sunday, the country's fire department said. The department did not give the cause of the blast. Korean media reports said a tank exploded in a ship under
Published 21 Aug, 2017 12:00am
Austria joins Germany in condemning Erdogan interference

Austria joins Germany in condemning Erdogan interference

Austria has joined neighbour Germany in its criticism of the Turkish President over inflammatory comments ahead of the European Union members' forthcoming elections. Relations between Turkey and the European Union have been under growing strain since last
Published 21 Aug, 2017 12:00am
No relations with Syria for countries backing rebels: Assad

No relations with Syria for countries backing rebels: Assad

Countries that want to reopen embassies in Damascus or resume ties with the Damascus government must end their support for Syria's rebels, President Bashar al-Assad said on Sunday. "We are not isolated like they think, it's their arrogance that pushes the
Published 21 Aug, 2017 12:00am
Fire strands thousands of rail passengers in France

Fire strands thousands of rail passengers in France

Over 3,000 travellers in southern France spent Saturday night camped out in train stations after a bush fire cut off a busy route between Marseille and the resort city of Nice. Around 1,300 people were stranded in Marseille, 1,700 in Toulon and 370 in Nic
Published 21 Aug, 2017 12:00am
Merkel says Turkey must not 'misuse' Interpol in writer's case

Merkel says Turkey must not 'misuse' Interpol in writer's case

Chancellor Angela Merkel said Sunday she was glad a Spanish court had ordered the conditional release of a Turkish-German writer wanted by Ankara and warned Turkey not to "misuse" Interpol to pursue its critics. "That's not on. We must not misuse internat
Published 21 Aug, 2017 12:00am
Pilot killed as helicopter crashes while fighting Portugal blaze

Pilot killed as helicopter crashes while fighting Portugal blaze

A light helicopter that was taking part in firefighting efforts in northern Portugal crashed and exploded on Sunday, killing its pilot and further raising the death toll from the country's deadliest summer of wildfires, officials said. "The helicopter hit
Published 21 Aug, 2017 12:00am
Iran parliament clears oil, foreign ministers for new cabinet
Exchange

Iran parliament clears oil, foreign ministers for new cabinet

The Iranian parliament voted on Sunday to keep the oil and foreign ministers, two of pragmatist President Hassan Rouhani's key members of cabinet, in their posts. Oil Minister Bijan Zanganeh has been credited with the boost in Iran's crude output since ma
Published 21 Aug, 2017 12:00am
Iran's top priority to protect nuclear deal from US: Rouhani
Exchange

Iran's top priority to protect nuclear deal from US: Rouhani

Iran's President Hassan Rouhani said Sunday the top foreign policy priority for his new government was to protect the nuclear deal from being torn up by the United States. "The most important job of our foreign minister is first to stand behind the JCPOA,
Published 21 Aug, 2017 12:00am
Bangladesh sentences 10 to death for plot to kill PM Hasina

Bangladesh sentences 10 to death for plot to kill PM Hasina

A Bangladesh court sentenced ten Islamist militants to death Sunday over a failed plot to assassinate Prime Minister Sheikh Hasina by detonating a huge bomb at one of her rallies. The men were sentenced to death by firing squad for planting a huge explosi
Published 21 Aug, 2017 12:00am
US troop reduction in exercise not due to North Korea concerns: Mattis

US troop reduction in exercise not due to North Korea concerns: Mattis

A reduction in US troops taking part in a joint exercise with South Korean forces this year simply reflects a need for fewer personnel and is not because of tensions with North Korea, Defense Secretary Jim Mattis said on Sunday. About 17,500 US service me
Published 21 Aug, 2017 12:00am
Britain calls on EU to move Brexit talks forward

Britain calls on EU to move Brexit talks forward

Brexit minister David Davis called on the European Union on Sunday to relax its position that the two sides must first make progress on a divorce settlement before moving on to discussing future relations. After a slow start to negotiations to unravel mor
Published 21 Aug, 2017 12:00am
Iraq starts offensive to take back Tal Afar from Islamic State

Iraq starts offensive to take back Tal Afar from Islamic State

Iraqi security forces launched an offensive to take back the city of Tal Afar on Sunday, their next objective in the US-backed campaign to defeat Islamic State militants, Prime Minister Haider al-Abadi said. "You either surrender, or die," Abadi said in a
Published 21 Aug, 2017 12:00am
US did not detail request for auto rules of origin at NAFTA talks

US did not detail request for auto rules of origin at NAFTA talks

In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday. Robert Lighthizer, President Donald T
Published 21 Aug, 2017 12:00am
Air Berlin CEO sees two or three buyers for its assets

Air Berlin CEO sees two or three buyers for its assets

Air Berlin has spoken with more than 10 parties interested in parts of the insolvent carrier and expects its assets will be divided up amongst two or three buyers, its chief executive told a German paper. Talks began on Friday on carving up Air Berlin, wh
Published 21 Aug, 2017 12:00am
Freeport Indonesia copper mine access to resume after clashes

Freeport Indonesia copper mine access to resume after clashes

Limited access to the giant Grasberg copper mine in eastern Indonesia is expected to resume on Monday, its operator said, after hundreds of former workers blockaded the site and clashed with police. Trouble erupted at the mine, which is operated by the In
Published 21 Aug, 2017 12:00am
Ukraine arrests Frenchman wanted in 'fake CEO' scam

Ukraine arrests Frenchman wanted in 'fake CEO' scam

A huckster sentenced for tricking dozens of French banks and businesses into handing over millions of euros has been arrested in Ukraine after a hunt lasting more than two years. French judicial sources and a lawyer for Gilbert Chikli, a 51-year-old Frenc
Published 21 Aug, 2017 12:00am
Dubai Aerospace completes AWAS acquisition, jets into top tier

Dubai Aerospace completes AWAS acquisition, jets into top tier

Dubai Aerospace Enterprise (DAE) has become one of the world's largest aircraft lessors after announcing on Sunday it had completed the acquisition of Dublin-based AWAS, the industry's tenth biggest firm. The deal triples the Dubai government-controlled a
Published 21 Aug, 2017 12:00am
Qatar completes first co-loaded LNG deliveries

Qatar completes first co-loaded LNG deliveries

Qatar's state-owned liquefied natural gas (LNG) companies completed their first co-loaded LNG deliveries to two different destinations, Qatargas said on Sunday. State-owned Qatargas said it had co-loaded the cargoes with majority state-owned Rasgas at the
Published 21 Aug, 2017 12:00am
Young Taiwanese choose China jobs over politics
Exchange

Young Taiwanese choose China jobs over politics

Taiwan has long seen its international allies switching allegiance to an ascendant Beijing, but now there are also fears of a brain drain of the island's youth as they pursue careers in rival China. Cross-strait tensions have soared since China-sceptic Ts
Published 21 Aug, 2017 12:00am
Russian court rejects Siemens' plea to seize its turbines in Crimea

Russian court rejects Siemens' plea to seize its turbines in Crimea

A Moscow court has rejected a request by Siemens to seize its gas turbines, which have turned up in Crimea contrary to EU sanctions, and to ban their installation ahead of preliminary hearings next month, the court's ruling showed on Sunday. The ruling by
Published 21 Aug, 2017 12:00am
Rosneft, partners to announce acquisition of India's Essar Oil completed

Rosneft, partners to announce acquisition of India's Essar Oil completed

A consortium led by Russian oil major Rosneft will announce on Monday completion of a $12.9 billion deal to acquire Indian private refiner Essar Oil, strengthening ties between the world's largest oil producer and the fastest growing fuel consumer. Rosnef
Published 21 Aug, 2017 12:00am
Australia to regulate virtual currency exchanges like Bitcoin
Exchange

Australia to regulate virtual currency exchanges like Bitcoin

Australia is set to regulate virtual currency exchanges such as Bitcoin and strengthen the powers of its financial intelligence agency AUSTRAC as it cracks down on money laundering and terrorism financing. The changes came two weeks after AUSTRAC took the
Published 21 Aug, 2017 12:00am
Average yields fall on Egypt's treasury bills

Average yields fall on Egypt's treasury bills

The average yields on Egypt's three- and nine-month treasury bills fell at an auction on Sunday, central bank data showed. The average yield on the 91-day bill fell to 19.059 percent from 19.080 at the last similar auction on August 13. The yield on the 2
Published 21 Aug, 2017 12:00am
Average yields fall on Egypt's treasury bills

Average yields fall on Egypt's treasury bills

The average yields on Egypt's three- and nine-month treasury bills fell at an auction on Sunday, central bank data showed. The average yield on the 91-day bill fell to 19.059 percent from 19.080 at the last similar auction on August 13. The yield on the 2
Published 21 Aug, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 80.70-80.70 (previous 80.70-80.70).
Published 21 Aug, 2017 12:00am
China's money rates rise as corporate tax payments keep liquidity tight

China's money rates rise as corporate tax payments keep liquidity tight

China's primary money rates rose for the week as a central bank-led net cash injection was offset by seasonal factors keeping liquidity conditions tight. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, cons
Published 21 Aug, 2017 12:00am
Canada considers reopening its 50-year bond

Canada considers reopening its 50-year bond

Canada, which issued its first ultra-long bond in April 2014, is considering more in the future, the government said on Thursday. Any issuance would be done by reopening that 50-year bond via a modified auction, subject to market conditions, the governmen
Published 21 Aug, 2017 12:00am
Canada considers reopening its 50-year bond

Canada considers reopening its 50-year bond

Canada, which issued its first ultra-long bond in April 2014, is considering more in the future, the government said on Thursday. Any issuance would be done by reopening that 50-year bond via a modified auction, subject to market conditions, the governmen
Published 21 Aug, 2017 12:00am
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