Sears Results: Loss of $1.29 a Share, $8.45 Billion Revenue vs. Expectations of 60-Cent Loss, $8.37 Billion Revenue
Pakistan
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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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SYDNEY, May 6- Australian shares rose 0.5 percent on Monday, buoyed by Wall Street's record highs after a surprisingly robust U.S. jobs report, but weak Chinese data and caution ahead of the central bank's board meeting capped gains. Mirabela Nickel climbed 50 percent to A $0.165 reversing a near-uninterrupted decline since early February.
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SYDNEY, May 6- Australian shares rose 0.5 percent on Monday, buoyed by Wall Street's record highs after a surprisingly robust U.S. jobs report, but weak Chinese data and caution ahead of the Australian central bank's board meeting capped gains.
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SYDNEY, May 6- Australian shares rallied 1.1 percent on Monday, buoyed by Wall Street's record highs after a surprisingly robust U.S. jobs report and as metal prices firmed, though weaker-than-expected retail sales figures trimmed gains. Global miners BHP Billiton Ltd. jumped 2.9 percent while rival Rio Tinto Ltd.
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SYDNEY, May 6- Australian shares rallied 1 percent in early trade on Monday, buoyed by Wall St notching record highs after a surprisingly robust U.S. non-farms payroll report raised investor confidence and metals prices firmed. Financials opened firmer, with Westpac Banking Corp. adding 1.1 percent while top lender the Commonwealth Bank of Australia.
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SYDNEY, May 6- Australian shares are set to rise at the open on Monday, buoyed by strong base metals and oil prices, after surprisingly robust U.S. *Copper rose more than 6 percent on Friday, its strongest daily gain in 18 months, as economic stimulus moves by central banks raised investor confidence over growth of industrial metals demand.
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By Fayaz Bukhari and Satarupa Bhattacharjya. SRINAGAR/ NEW DELHI, Indian, May 5- India and China simultaneously withdrew troops from camps a few meters apart in a Himalayan desert on Sunday, apparently ending a three-week standoff on a freezing plateau where the border is disputed and the Asian giants fought a war 50 years ago.
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Secretary of State John Kerry has appointed veteran U.S. diplomat James Dobbins as Washington's new special envoy to Afghanistan and Pakistan, State Department spokesman Patrick Ventrell said on Friday.
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KARACHI, May 3- The Pakistani stock market closed higher on Friday ahead of crucial elections that should mark the first transfer of power from one democratically elected government to another. Pakistani investors focused on large cap stocks like Pakistan State Oil and Engro Corporation Ltd., dealers said.
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SYDNEY, May 3- Nigeria has issued new guidelines to oversee the operation of its takaful industry, favoring a centralised format that is gaining favour across the Islamic finance world. Nigeria, home to the largest Muslim population in sub-Saharan Africa, hopes the guidelines will boost insurance penetration.
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Sentiment was also affected by data from China showing recovery in Australia's largest export market remains modest. ,Australia's third-largest lender, led the decline, finishing 1 percent lower after hitting record highs earlier in the session.
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SYDNEY, May 3- Australian shares finished the session largely flat on Friday as the financial sector reversed early gains ahead of a U.S. non-farm payrolls report. Sentiment was also affected by data from China showing recovery in Australia's largest export market remains modest.
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SYDNEY, May 3- Australian shares rose 0.7 percent on Friday, as forecast-busting earnings from Westpac Banking Corp. Westpac advanced 0.8 percent after Australia's third-largest lender, reported a better-than-expected 10 percent rise in first-half profit on Friday, as the bank's Australian business recorded double digit earnings growth.
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SYDNEY, May 3- Australian shares rallied 0.9 percent on Friday, buoyed by strong bank earnings and supported by a cut in European interest rates to a record low and a positive lead from Wall Street.
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SYDNEY, May 3- Australian shares are set to open higher, buoyed by strong bank earnings and supported by a cut in European interest rates to a record low and a positive lead from Wall Street.
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Western companies are scrambling to address public concerns about working conditions in Bangladesh. The NYT reports.
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*Exported 119,653 tonnes of wheat to Iran in February. HAMBURG, May 2- Germany exported 119,653 tonnes of wheat to Iran in February, figures from the German statistics agency showed on Thursday, suggesting that Western sanctions against Tehran are not hindering sales.
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KARACHI, May 2- Pakistani stocks closed higher on Thursday due to emerging clarity and optimism about timely elections on May 11. Fauji Fertiliser continued to rally after its result announcement while investors remained skeptical about Engro Corporation due to problems of gas supply, dealers said. Fauji Cement Company Ltd rose 3.05 percent to 9.13 rupees.
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ISLAMABAD, May 2- Pakistan's inflation rate eased to 5.8 percent in April year-on-year, from 6.57 percent in March, the Pakistan Bureau of Statistics said on Thursday. On a month-on-month basis, prices rose 1.09 percent. The average inflation rate in July-April was 7.75 percent.
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ISLAMABAD, May 2- Pakistan's inflation rate eased to 5.08 percent in April year-on-year, from 6.57 percent in March, the Pakistan Bureau of Statistics said on Thursday. On a month-on-month basis, prices rose 1.09 percent. The average inflation rate in July-April was 7.75 percent.
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SYDNEY, May 2- Australian shares fell 0.7 percent on Thursday, dragged down by miners in a large commodity selloff on news of shrinking industrial activity in China, Australia's largest export market.