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Section: Pakistan

Russian Central Bank cuts interest to 14% from 15%
Mar13

Russian Central Bank cuts interest to 14% from 15%

MOSCOW (AFP) – Russias central bank on Friday cut its main interest rate to 14 percent from 15 percent as it juggled the need to resuscitate its crisis-hit economy against fears of rising inflation.The rate cut is the second since the start of the year after a mammoth increase in December that came as authorities scrambled to put a lid on...

The organisation will also double its size to 1,000 observers
Mar13

The organisation will also double its size to 1,000 observers

The Organisation for Security and Cooperation in Europe will extend its observer mission to Ukraine till March 2016, and also double its size to 1,000 observers. The OSCE monitoring mission to Ukraine was first deployed a year ago following a request from Ukraine. …read more Source: Radio...

Ukraine ceasefire on thin ice: OSCE
Mar13

Ukraine ceasefire on thin ice: OSCE

KIEV: The ceasefire in eastern Ukraine between Kiev s forces and pro-Russian rebels is largely being observed but is still on “thin ice,” an Organisat …read more Source: The News...

West boosts Ukraine aid as Russia bridles at sanctions
Mar13

West boosts Ukraine aid as Russia bridles at sanctions

WASHINGTON: The IMF handed Ukraine a $17.5 billion lifeline on Wednesday as the United States agreed to send military aid to bolster its forces agains …read more Source: The News...

Football: Record-breaking Sevilla, Everton, on top, Inter struggle
Mar13

Football: Record-breaking Sevilla, Everton, on top, Inter struggle

PARIS (AFP) – Holders Sevilla, with a record-breaking 13 second goal, Everton, and Wolfsburg were all on top after Thursdays Europa League last 16 first round ties.Sevilla ran off with their all-Spanish clash at Villarreal 3-1, Victor Machin Vitolo creating competition history with his grease-lightning opener.At Evertons Goodison Park,...

Hungary denies EU nuclear veto report
Mar13

Hungary denies EU nuclear veto report

BUDAPEST (AFP) – Hungary denied Thursday a newspaper report that the European Union has vetoed its planned nuclear project with Russia, a move which could strain frosty relations between Moscow and Brussels.A Hungarian cabinet state secretary Andras-Giro-Szasz firmly denied the report, in a statement to Hungarian state newswire MTI.The...

Football: Wolves’ de Bruyne has Inter in trouble
Mar12

Football: Wolves’ de Bruyne has Inter in trouble

PARIS (AFP) – Kevin de Bruyne inspired Vfl Wolfsburg to a come-from-behind 3-1 defeat of Inter Milan on Thursday to leave the three-time Europa League winners struggling to make it into the quarter-finals.Roberto Mancinis men looked to have the upper hand over their high-flying Bundesliga hosts when Rodrigo Palacio put the Serie A visitors...

Ukraine bailout faces huge risks: IMF
Mar12

Ukraine bailout faces huge risks: IMF

WASHINGTON (AFP) – The $40 billion bailout for Ukraine faces an array of exceptionally high risks, the IMF warned Thursday, a day after pledging to pump $17.5 billion into the four-year rescue.The breakdown of a frail ceasefire with rebels in the countrys east, the failure to reschedule its debt with private lenders, or domestic political...

IMF approves $17.5bn aid for Ukraine
Mar12

IMF approves $17.5bn aid for Ukraine

WASHINGTON (AFP) – The International Monetary Fund approved Wednesday a $17.5 billion (15.5 billion euro) aid plan for crisis-wracked Ukraine, whose economy is reeling from a pro-Russia insurgency in its industrial heartland.The new loan, with $5 billion to be disbursed immediately, replaces an IMF program less than one year old that proved...

Tennis: Niculescu books Serena for showdown at Indian Wells
Mar12

Tennis: Niculescu books Serena for showdown at Indian Wells

INDIAN WELLS (AFP) – Monica Niculescu rolled over Aleksandra Krunic 6-2, 6-1 to book a second round clash with Serena at Indian Wells, where the American returns this week after a 14-year hiatus.Reigning Australian Open champ Williams is one of 32 seeded players who received a first-round bye at the joint ATP Masters and WTA tournament in...