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World - Nigeria says security first goal in oil roadmap: oil minister

Nigerian President Muhammadu Buhari will meet leaders of the restive Niger Delta in Abuja next week in an attempt to end an insurgency in the oil-producing region, the oil minister said. Ending unrest in the region that accounts for most of Nigeria`s oil production was the first goal of an energy industry roadmap unveiled on Thursday, Emmanuel Ibe Kachikwu said. The bill itself, which covers everything from an overhaul of state oil company NNPC to taxes on upstream projects, was delayed by violence in the Delta, which briefly brought production to 30-year lows.

Thursday, October 27, 2016  13:21


NBA - Turner`s opening act leads Pacers past Mavs, 130-121 in OT

Myles Turner scored 30 points, tied his career high with 16rebounds and made a 3-pointer with 1:18 left in overtime to start an 8-0 run that allowed Indiana Pacers to close out a 130-121 victory Wednesday over the Dallas Mavericks

Thursday, October 27, 2016  03:58


World - Samsung scion joins board as profits plunge on Note 7 crisis

Samsung heir apparent J.Y. Lee took a major step towards control of the family-run conglomerate on Thursday, joining the board as the company reported a 30 percent profit plunge following a highly damaging recall crisis. The move is being seen as a coronation of sorts of the 48-year-old Lee, who is already vice chairman of Samsung Electronics and has seen his influence grow since his father, Samsung patriarch Lee Kun-hee, suffered a heart attack and was hospitalised in 2014. `Mr. Lee`s election to the board will allow him to more actively participate in and take formal responsibility for the company`s important decision making, contributing to creating long-term, sustainable value for all of our stakeholders,` board chairman Kwon Oh-Hyun said.

Thursday, October 27, 2016  03:48


Asia-Pacific - Samsung operating profit plunges 30% in wake of Note 7 fiasco

The world`s largest smartphone maker Samsung sees its operating profit plunge by 30%, pulled down by the recall of its Note 7 flagship phone.

Thursday, October 27, 2016  02:59


Business - Samsung Electronics third quarter profit falls 30 percent after Note 7 failure

Samsung Electronics Co Ltd on Thursday said its operating profit fell 30 percent year-on-year in the quarter marred by the withdrawal of its Galaxy Note 7 smartphones, sinking to its lowest level in two years. The world`s top smartphone maker said third-quarter operating profit was 5.2 trillion won ($4.57 billion), matching its revised guidance. The firm had initially estimated a 7.8 trillion won profit but cut its guidance to reflect losses incurred in the withdrawal of the fire-prone Note 7s.

Thursday, October 27, 2016  01:11


World - PNG court dismisses Australia asylum seeker resettlements on technicality

By Colin Packham SYDNEY (Reuters) - The Papua New Guinea Supreme Court on Thursday dismissed an application to send asylum seekers held on an isolated island to Australia on a paperwork technicality. A ruling in favor of the 302 detainees would have ordered the PNG and Australian governments to transfer them to Australia within 30 days, a political nightmare for Prime Minister Malcolm Turnbull. Under Australia`s tough immigration laws, asylum seekers intercepted trying to reach the country by boat are sent for processing on PNG`s Manus island and the tiny South Pacific island nation of Nauru.

Thursday, October 27, 2016  09:25


World - At Iraqi village, victory is fraught with risks in Mosul offensive

By Michael Georgy FADILIYA, Iraq (Reuters) - Kurdish peshmerga fighter Germad Yihya stood on a small berm overlooking a village where he said Islamic State militants had been defeated. A day earlier, a suicide bomber had rushed out of the thick green vegetation and killed five of his comrades after Kurdish forces had fought for 10 days to gain the upper hand in Fadiliya, where 1,000 people remain trapped, surrounded by roadside bombs. Iraqi and Kurdish forces have cleared more than 30 villages like Fadiliya during their offensive to drive Islamic State from its main Iraqi stronghold of Mosul, in what is expected to be the biggest battle in Iraq for more than a decade.

Thursday, October 27, 2016  09:06


Asia-Pacific - IS in Afghanistan `kills 30 abducted civilians`

IS-linked militants in Afghanistan kidnapped and killed 30 civilians, officials tell the BBC.

Wednesday, October 26, 2016  16:07


Top Stories - ISIS kidnaps, kills 30

ISIS militants have kidnapped and killed 30 people in Afghanistan`s Ghor province, according to a provincial spokesman.

Wednesday, October 26, 2016  12:58


World - Nigerian leader seeks parliament`s approval to borrow $30 billion

Nigerian President Muhammadu Buhari has requested lawmakers to approve a plan to obtain 30 billion dollars in foreign loans to finance key projects and plug budget deficits in the next three years. `The total cost of the projects and programmes under the borrowing (Rolling) Plan is $29.960 billion,` he said, adding that the plans included the sale of Eurobonds worth $4.5 billion and budget support of $3.5 billion. Buhari also said the loan was necessary `to bridge the financing gap`, adding the borrowing would cover 2016 to 2018 fiscal years.

Wednesday, October 26, 2016  12:25

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