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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.
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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.
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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.
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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.
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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.
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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.
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Arvind Ramakrishnan, principal Asia analyst at Maplecroft, says that the election outcome in Pakistan is positive politically but won't bring any change on the economic front.
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TOKYO, May 13- Oil and gold prices fell on Monday as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/ 2- year low against the U.S. currency.
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*MSCI Asia ex- Japan down 0.6 pct, Nikkei scales 5-1/ 2- year peak. Investors remained cautious ahead of a set of data due later in the session to gauge the current state of the world's top two economies, the United States and China. "A strength in the dollar is weighing on commodities across the board," said Ben Le Brun, analyst at OptionsXpress in Sydney. "
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Geoff Lewis, Global Market Strategist at J.P. Morgan Asset Management shares his investment strategy for Asia's emerging market giants.
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*MSCI Asia ex- Japan down 0.3 pct, Nikkei opens 1 pct higher. The dollar's firmness was also cemented after Japan avoided criticism from its peers for pursuing bold reflationary policies which have resulted in a steady decline of the Japanese currency.
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*Former cricket star Imran Khan's party put up strong fight. ISLAMABAD, May 12- Toppled in a 1999 military coup, jailed and exiled, Pakistan's Nawaz Sharif has made a triumphant election comeback and looks set to form a stable government capable of implementing reforms needed to rescue the fragile economy.
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ISLAMABAD, May 12- Toppled in a 1999 coup, jailed and exiled, Nawaz Sharif has made a triumphant election comeback and on Sunday was heading for a third term as Pakistan's prime minister.
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*Former cricket star Imran Khan's party may come in second. ISLAMABAD, May 12- Toppled in a 1999 coup, jailed and exiled, Nawaz Sharif has made a triumphant election comeback and was heading for a third term as Pakistan's prime minister.
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ISLAMABAD, May 12- After 14 years out of power, Nawaz Sharif is poised to become prime minister again, and he is a man in a hurry to clean up what he calls Pakistan's mess. Sharif, who vows to bring in free market enterprise and ease economic controls, says speedy growth is the only answer for nuclear-armed Pakistan, a strategic U.S. ally.
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*Former cricket star Imran Khan's party may come in second. ISLAMABAD, May 11- Pakistan's Nawaz Sharif declared victory in a jubilant speech to supporters as results from Saturday's election showed a clear lead for his party, making it almost certain that he will become prime minister of the country for a third time.
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*Pakistan's first transition between civilian governments. ISLAMABAD, May 11- Pakistan's Nawaz Sharif, seeking to become prime minister for a third time, appeared way ahead of his rivals in Saturday's general election, according to a partial count of votes cast.
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*Pakistan's first transition between civilian governments. ISLAMABAD, May 11- The parties of former prime minister Nawaz Sharif and cricketer-turned-politician Imran Khan appeared to be well ahead of their rivals in Pakistan's election, according to a partial count of votes cast on Saturday.
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*Late surge of support for cricketer-turned-politician Imran Khan. ISLAMABAD, May 11- A string of militant attacks and gunfights that killed at least 15 people cast a long shadow over Pakistan's general election on Saturday, but millions still turned out to vote in a landmark test of the troubled country's democracy.
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An attack on the office of the Awami National Party in the commercial capital, Karachi, killed 10 people and wounded 30, followed by another blast minutes later. Pakistan's Taliban, who are close to al Qaeda, have killed over 110 people in election-related violence since April.
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ISLAMABAD, May 11- Pakistanis began voting on Saturday in a landmark election that will bring the first transition between civilian governments in a country ruled by the military for more than half of its turbulent history.