Turkey’s lira weakens more than 6 pct on threat of more U.S. sanctions

By Daren Butler and David Dolan ISTANBUL, Aug 17 : Turkey’s battered lira weakened more than 6 percent against the dollar on Friday, after a U.S. warning that Ankara should expect more economic sanctions unless it hands over the detained American evangelical pastor Andrew Brunson. It has lost nearly 40 percent of its value against […]

Some Australian pension funds may be derelict in duty, inquiry hears

By Paulina Duran SYDNEY, Aug 17 : Some of the firms that manage funds within Australia’s A$2.6 trillion ($1.9 billion) pension system may not be complying with their legal duty to put the interests of customers ahead of their own, a powerful inquiry into financial misconduct heard. Over the past two weeks, the Royal Commission […]

Sikh store-owner stabbed to death in US

New York, Aug 17 : A Sikh store-owner has been stabbed to death in the US state of New Jersey, in a third incident targeting the community in the country in the last three weeks. Terlok Singh was found dead by his cousin Karnail Singh on Thursday in his East Orange suburb store with apparent […]

Flags in Mauritius at half mast in Vajpayee’s honour

Port Louis, Aug 17 : In an unprecedented gesture, the government of Mauritius will fly both the Mauritian and Indian national flags at half mast on Friday in honour of former Indian Prime Minister Atal Bihari Vajpayee. “Following the passing away of Atal Bihari Vajpayee, the government has decided that both the Mauritius and India […]

Arrest warrant issued against Zardari in money laundering case: Report

Karachi, Aug 17 : A banking court here on Friday issued a non-bailable arrest warrant against former President and PPP co-chairman Asif Zardari in a multi-billion money laundering scam, the media reported. The court directed the authorities to present Zardari and other suspects before it by September 4. However, Pakistan Peoples Party spokesperson Farhatullah Babar […]

Emerging stocks set for worst week since Feb, Turkey tumbles

By Claire Milhench LONDON, Aug 17 : Emerging equities were set for their worst week since February after sliding into bear territory while currencies came under fresh pressure on Friday, with Turkey’s lira taking another tumble despite central bank measures earlier in the week. MSCI’s benchmark emerging stocks index ended the week on a slightly […]