Claudine Fry, South Asia senior analyst at Control Risks, tells CNBC Nawaz Sharif faces serious challenges, particularly the electricity crisis, after winning the election in Pakistan over the weekend.» Read More
WASHINGTON/ KABUL- The United States and the Taliban raised hopes for a negotiated peace in Afghanistan with commitments to meet this week after 12 years of bloody and costly war between American-led forces and the insurgents.
Nine owners and managers of more than a dozen 7-Eleven stores were charged Monday in a scheme to traffic in workers from Pakistan, prosecutors said.
GENEVA- The death toll in Syria reached at least 93,000 at the end of April, but the true number from the violence now in its third year may be much higher, the United Nations human rights office said on Thursday.
WASHINGTON, June 12- The World Bank said eventual monetary tightening in advanced economies could crimp growth in emerging markets as interest rates rise, lowering the nations' potential output by as much as 12 percent. Federal Reserve begins its exit from ultra-loose monetary policies, said Kaushik Basu, the World Bank's chief economist.
DAKAR, June 12- Satellite operator O3B Network has customers signed up for one third of the capacity on eight new satellites to be launched by September to provide high-speed Internet to emerging markets, its chief executive said on Wednesday. Google and HSBC bank are among its other investors.
*Kuwait's population is two-thirds foreign. KUWAIT, June 12- The narrow, cracked streets of the district of Jleeb al-Shuyoukh, down the road from Kuwait's main airport, would normally be bustling with Indian and Bangladeshi workers by late morning, just before the summer sun becomes unbearable.
WASHINGTON-- Several weeks after overseeing the raid that killed Osama bin Laden, then-CIA Director Leon Panetta revealed the name of the raid commander in a speech attended by the writer of the film "Zero Dark Thirty," according to a draft report by Pentagon investigators. Peter King, who asked for the investigation nearly two years ago.
DUBAI, June 5- A strike by thousands of migrant workers at Dubai's biggest builder Arabtec last month may be a harbinger of a new wave of industrial activism that threatens to disrupt the Gulf's latest construction boom.
GENEVA, June 5- Costa Rica has told the World Trade Organization it will end rice subsidies from March 1, 2014, removing an irritant in agricultural trade relations with the United States and other WTO member countries.
*No more food-aid reform expected in Senate farm bill. WASHINGTON, June 3- The U.S. Senate voted on Monday to make only a minor change in the main U.S. global food aid program, rebuffing President Barack Obama's call for the biggest reform of the hunger relief program since the Cold War.
HONG KONG/ SINGAPORE May 29- Private equity firms KKR and Carlyle Group are among the suitors lining up bids for Singapore Telecommunications Ltd's Australian unit, Optus Satellite, people familiar with the matter said, a business valued at more than A $2 billion.
*Thailand no longer world's No.1 rice exporter. CHIANG MAI, Thailand, May 27- Thailand has pledged to renew its controversial rice-buying scheme for a third year, defying opposition over a policy that has been blamed for straining government finances and slashing exports as the grain has piled up in warehouses.
*Pakistan's financing needs estimated at $6 bln- 9 bln. LAHORE, Pakistan, May 24- Pakistan's new leadership expects first results of its planned steps to shore up its finances and ease a power crisis in two or three months and only then should decide whether and on what terms to seek an IMF bailout, a senior policy adviser said on Friday.
*Turkmenistan, EU tout routes to ease dependence on Russia. PARIS/ ASHGABAT, May 22- Turkmenistan plans to begin production at Galkynysh, the world's second-largest gas field, by June 30, which will allow it boost exports to Asia and help Europe lessen its dependence on Russian gas.
NEW DELHI- India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.
NEW DELHI, May 20- India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.
China and India disagree about large areas on their 4,000- km- long border and fought a brief but bloody war 50 years ago. "World peace and regional stability cannot be a reality without strategic mutual trust between India and China.
ISLAMABAD, May 17- Islamabad has authorised the export of 100,000 tonnes of wheat to Iran in trade not jeopardised by Western sanctions, to settle dues for electricity supplied to Pakistan's energy-starved border areas, the Commerce Ministry said on Friday.
KABUL, May 15- U.S. forces in Afghanistan are hoping that a small steel industry can be born from the mammoth task of withdrawing equipment by the end of next year, jump-starting a scrap trade and injecting cash into local businesses.
BUSH, May 14- The U.S. Navy made aviation history on Tuesday by launching an unmanned jet off an aircraft carrier for the first time, taking an important step toward expanded use of drones by the American military with an eye on possible rivals like China and Iran.