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BRUSSELS: France and Germany are working on a joint economic initiative to put to their European Union partners at a summit in June, French President Francois Hollande said Wednesday.It would be the first Franco-German initiative since the French Socialist leader took office a year ago.Hollande said at the close of an EU tax and energy summit that he and Chancellor Angela Merkel were planning talks "so we can adopt together a joint contribution" for the next June 27-28 meeting of EU heads of state and government.Hollande said that after talks with Merkel in Leipzig on Thursday the two would meet again May 30 to discuss the initiative.Hollande offered no further details but the end-June summit is scheduled to focus on ways of boosting growth and jobs.He said he would also meet with Merkel on July 3 to discuss youth unemployment, which is causing growing concern across the 27-member bloc, with ...
BRUSSELS: EU leaders agreed Wednesday that the automatic sharing of individuals' bank account data, a key measure to prevent tax evasion, should become law across all member states by the end of the year, European Union President Herman Van Rompuy said.At the close of a one-day summit, final conclusions flagged by Van Rompuy at a press conference called on member states to complete adoption of regulation covering private savings aimed at ending bank secrecy.Several leaders ...
ISLAMABAD: President Asif Ali Zardari Wednesday said friendship with China was the corner-stone of Pakistan's foreign policy and hoped the new democratic government would continue promoting Sino-Pak ties."Regardless of political outlook, every government in Pakistan has reinforced the country's relations with China," the President said at a luncheon he hosted in honour of Chinese Premier Li Keqiang at the Aiwan-e-Sadr here.The luncheon was widely attended by the national political leadership on the invitation of President ...
ISLAMABAD: Geological workers have discovered a large goldmine in north west China's Xinjiang Uygur Autonomous Region, officials said.With gold reserves of at least 53 tonnes, the mine in Xinyuan County in the Ili Valley is expected to have an economic value of 20 billion yuan (3.2 billion US dollars), said Zeng Xiaogang, head of the region's geology and mineral resources bureau, Xinhua reported.Covering a length of 3 km and depth of 60 to 300 meters, ...
KARACHI: On Wednesday, at closing, KSE-100 Index was at 21458.90 with a positive change of 290.90 and volume of 372,664,670 shares.High and Low were 21484.06 and 21168.00 respectively. Total volume traded in the market was 572,439,940 shares with 387 total traded companies out of which 202 were up, 135 were down and 50 were unchanged.Copyright Business Recorder, 2013 
SINGAPORE: Malaysian palm oil futures rose to the highest in more than one month on Wednesday, as investors pinned their hopes on demand recovery ahead of the Muslim holy month of Ramadan.Market participants are counting on restocking ahead of the holy month, which falls in July this year, to drive up consumption in key producers Malaysia and Indonesia. Ramadan is marked by evening communal meals to break observers' fasts.But gains were muted ahead of the ...More Articles...
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