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Genocide court upholds life terms for Rwanda ex-ruling party bosses ARUSHA: The UN-backed tribunal for Rwanda on Monday upheld the life sentences for two former heads of the ex-ruling party for genocide crimes committed in 1994.Matthieu Ngirumpatse and Edouard Karemera, the former chairman and deputy of Rwanda's then-ruling National Revolutionary Movement for Development, had been handed life terms in 2011.They were convicted of genocide, crimes against humanity and for not having prevented or denounced crimes committed by the party's infamous youth militia, the Interahamwe, but had appealed the verdicts.An estimated 800,000 people, mostly minority Tutsis, were killed in the genocide in just 100 days -- a rate of killing that was far faster than the Holocaust of the Jews in World War II."The Appeals Chamber, seated in open session, affirms the sentence of life imprisonment imposed by the trial chamber," appeals judge Theodor Meron said in his ruling.Meron added that the two would remain in detention pending their transfer to ...

IS militants close in on key Syria border town DAMASCUS: Islamic State group fighters closed in Monday to within only a few kilometres of a key Kurdish town on Syria's border with Turkey, despite continued air strikes by the US-led coalition.NATO member Turkey's government meanwhile said it would ask parliament to debate joining the coalition against the militants operating on the country's doorstep from as early as Thursday.The alliance carried out fresh raids against IS positions in Syria overnight, but the militants still managed ...

US stocks fall on mostly down day for global equities NEW YORK: Wall Street stocks fell sharply in early trade Monday, following many international equity markets downward as a busy week of US economic reporting got underway.About 25 minutes into trade, the Dow Jones Industrial Average stood at 16,967.44, down 145.71 points (0.85 percent).The broad-based S&P 500 sank 16.33 (0.82 percent) to 1,966.52, while the tech-rich Nasdaq Composite Index fell 37.66 (0.83 percent) to 4,474.54.Hong Kong's market tumbled 1.90 percent as pro-democracy demonstrations closed parts ...

WHO lays stress on less intake of salt MULTAN: The World Health Organization (WHO) to mark World Health Day 2014, underscored the need for reducing intake of salt, which is linked to approximately 2.5 million people dying annually from cardiovascular diseases. The theme of this year's 'World Heart Day - Heart Choices Not Hard Choices' also looks at the benefits of reducing salt consumption, particularly in terms of improving health and reducing avoidable deaths from heart diseases. The WHO recommended salt reduction to ...

New EU competition boss ready to end bank exemption from aid rules BRUSSELS: The incoming European Union competition chief said on Monday that the banking sector's exemption from rules banning illegal state aid should end as soon as market conditions allow.European Union governments pumped 508 billion euros ($644 billion), equivalent to about 5 percent of the bloc's economic output, into their banks from the start of the financial crisis in 2008 to 2013. Strict EU rules banning governments from helping companies unfairly would normally have applied to ...

Swiss bank UBS warns of penalties as forex settlement talks begin ZURICH: Switzerland's largest bank UBS warned it faced new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates. Authorities from around the world are investigating allegations that dealers at major banks colluded and manipulated key reference rates in the $5.3 trillion-a-day foreign currency market, the world's biggest and least regulated. UBS has started settlement talks with some of the investigating authorities, the bank said in a ...


Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln