Archive of May 2013

Sentences sought for Berlusconi friends for pimping

ROME: Italian prosecutors in Milan on Friday requested seven-year prison sentences for three associates of Silvio Berlusconi accused of pimping for the then prime minister...

Nawaz Sharif expresses concern, regret over recent US drone attack

LAHORE: Pakistan Muslim League-Nawaz (PML-N) President Muhammad Nawaz Sharif Friday expressed serious concern and deep regret over the recent drone attack, carried out by the...

S.African trade deficit widens

JOHANNESBURG: South Africa's trade deficit widened to 15 billion rand ($1.5 billion, 1.1 billion euros) in April in the latest blow for Africa's biggest economy,...

European stocks, euro drop amid record unemployment

LONDON: European stock markets fell and the euro dropped against the dollar on Friday as traders digested record high eurozone unemployment data following weak US...

NATO summit on Afghanistan next year: Obama

WASHINGTON: US President Barack Obama said on Friday that NATO will hold a summit next year on the "final chapter" in its Afghan war and...

Rand rout turns tables on S.Africa rate cut hopes

JOHANNESBURG: South Africa's rand plunged to new four-year lows on Friday, fanning fears of inflation in Africa's biggest economy and forcing investors to contemplate interest...

Brazil rate hike to help curb currency losses, official says

SAO PAULO: Higher interest rates will likely prevent Brazil's currency, the real, from weakening much further, a government source told Reuters on Friday, as investors...

France aims to double organic farmland by 2017

PARIS France wants to double the area of farmland devoted to organic agriculture by 2017 to meet growing consumer demand through local production, the country's...

Spain moves to freeze Swiss accounts of ruling party ex-treasurer

MADRID: A judge said on Friday he would ask Swiss authorities to freeze at least nine bank accounts linked to a former treasurer of Spain's...

Spain borrowing costs seen up in edgy market

LONDON: Spanish borrowing costs will likely rise at bond sales next week as concern over when the US Federal Reserve might scale back its economic...