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Karzai says 2014 election will be on time  KABUL: Afghan President Hamid Karzai said on Thursday that presidential elections in 2014 when his term will end would happen on time and "without interruption", despite a continuing insurgency and concerns about a simultaneous NATO combat troop exit.   "The election will definitely happen. Go on and choose your own favourite candidate. My term, if prolonged by even a day, will be seen as illegitimate," Karzai told a press conference at his Kabul garden palace.   Copyright Reuters, 2012  

BEIRUT: "Several" Syrian soldiers died when Turkish troops shelled their military post in response to earlier cross-border mortar fire which smashed into a Turkish town killing five people, a watchdog said on Thursday.   The Syrian Observatory for Human Rights said overnight shelling across the frontier by Turkish troops hit a Syrian army post near the border town of Tel Abyad. It gave no exact figure for the number of soldiers killed.   Turkey has demanded that the UN ...

China slowdown hits services sector BEIJING: Activity in China's non-manufacturing sectors hit a near two-year low last month, official figures showed, adding to concerns over a slowdown in the world's second-largest economy.   The official non-manufacturing Purchasing Managers' Index (PMI) Index released Wednesday fell from 56.3 in August to 53.7 in September -- its lowest point since November 2010.   A reading above 50 indicates expansion, while anything below points to contraction. The previous low was 53.2, official statistic show.   The figure comes after China ...

18 school pupils buried in China landslide: Xinhua BEIJING: Eighteen primary school pupils were buried Thursday in a landslide in a southwestern Chinese region that was recently hit by a series of earthquakes, state media said.   A classroom building and two farm houses were buried in the landslide, which also trapped another person, in the village of Zhenhe in Yunnan province, where two 5.6-magnitude earthquakes claimed the lives of 81 people on September 7.   Copyright AFP (Agence France-Presse), 2012

Australia retail sales pedestrian in Aug, add to rate cut case  SYDNEY: Australian retail sales edged up only marginally in August as weakness in household goods and clothing pointed to restraint in discretionary spending, adding to the case for further supportive cuts in interest rates.   The Australian dollar dipped to a one-month trough after government figures showed retail sales rose 0.2 percent in August from July, when they slipped 0.8 percent. That was under forecasts of a 0.4 percent gain and left sales looking very tepid for ...

Syrian soldiers killed in Turkish strike  BEIRUT: Several Syrian soldiers were killed in an overnight Turkish bombardment of a Syrian military post near the border town of Tel Abyad, the Syrian Observatory for Human Rights said on Thursday.   It gave no figure for the number of soldiers killed in the Turkish attack, which came after a mortar bomb fired from Syrian territory killed five Turkish civilians on Wednesday. Copyright Reuters, 2012

Romney: Obama means cuts to jobs and income  DENVER: Republican White House hopeful Mitt Romney said Wednesday that if President Barack Obama is re-elected it will usher in an era of falling household incomes and chronic joblessness.   "If the president is re-elected will you see a middle-class squeeze," Romney said in a televised debate. "You will see chronic unemployment -- 43 straight months with unemployment above eight percent."   Romney finished looking the more confident of the two contenders, but the debate never caught fire. Obama ...


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Arrow DJIA 17,039.49 0.36
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Arrow Sensex 26,360.11 0.17

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Foreign Debt $61.805bn
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WeeklyAugust 15, 2014
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