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Last update: Thu, 05 May 2016 12am

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Stocks slide on global growth worries; US yields fall NEW YORK: Stock markets worldwide fell on Tuesday after weak Chinese and British factory data rekindled fears of slowing global growth, sending benchmark Treasury yields to nearly two-week lows.Activity at China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed. The data contributed to a drop in oil prices on demand worries, given the country's status as a major oil importer.Britain's manufacturing output last month also unexpectedly shrank to hit its lowest level in three years. US shares gave back Monday's gains. The drop in oil prices helped push the S&P 500 energy index down 2.5 percent, making it the leading decliner among the 10 major S&P sectors."We are reacting to the negative news overnight from China and Europe, and investors are waiting for the jobs data," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. She was ...

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WTO to help Punjab govt to eliminate child labour: Roberto Azevedo LAHORE: Director General World Trade Organization (WTO) Roberto Azevedo met Punjab Chief Minister Muhammad Shehbaz Sharif, here on Tuesday. The DG WTO assured the Punjab government of helping in eliminating child labour and providing technical assistance in different sectors. He congratulated Chief Minister Punjab Shehbaz Sharif on fully benefitting from information technology in social sectors especially education and elimination of child labour and said that Shehbaz Sharif had taken effective steps for the welfare of ...

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Govt-opposition meeting soon to formulate consensus ToRs: Irfan ISLAMABAD: Advisor to the Prime Minister for National History and Literary Heritage Irfan Siddiqui Tuesday said a meeting of opposition and government representatives would be held soon for evolving consensus on Terms of Reference (ToRs) for the judicial commission on Panama Papers.Prime Minister Muhammad Nawaz Sharif, he said, had addressed the nation and announced to form a judicial commission headed by the Chief Justice of Pakistan and then its ToRs were prepared by the government. ...

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EU's Tusk urges Greek debt deal 'very soon' BRUSSELS: EU President Donald Tusk urged the eurozone on Tuesday to swiftly close talks on fresh reform measures from debt-hit Greece, saying it would help global economic stability."I urge finance ministers to reach an agreement very soon," Tusk told reporters as he entered talks in Brussels with Japanese Prime Minister Shinzo Abe and European Commission chief Jean-Claude Juncker."And I hope that by the end of May when we meet at the G7 summit the implementation ...

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Oil market falls sharply LONDON: World oil prices sank by about one dollar on Tuesday, as supply glut woes grew on the back of rising output from Iran and Iraq.At about 1615 GMT, US benchmark West Texas Intermediate (WTI) for delivery in June lost $1.35 to $43.43 per barrel. Brent North Sea crude for July delivery shed 95 cents to $44.88 a barrel compared with Monday's close."This may be a dreaded month for the equity market investors ... but ...