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Business 15 Feb 2019 | 12:00 AM

JPMorgan, CLSA vie for US$2bil Pakistan power sale

KARACHI: JPMorgan Chase & Co, CLSA and Credit Suisse Group AG are among foreign banks pitching for a role on Pakistan’s biggest privatisation in over a decade, which could raise around US$2bil, people with knowledge of the matter said.

Nation 15 Feb 2019 | 12:00 AM

‘I’ll be PM in less than two years’

NEW YORK: Malaysia’s would-be prime minister says he expects to take power from Tun Dr Mahathir Mohamad in less than two years but wants to give the current leader enough time to govern effectively before he assumes control.

World 14 Feb 2019 | 11:29 PM

EU lawmakers urge Saudi Arabia to end women's guardianship system

BRUSSELS (Reuters) - The European Parliament urged Saudi Arabia on Thursday to abolish its male guardianship system, under which women have to seek permission from their guardian on issues such as getting married, saying it and other rules reduce women to second-class citizens.

World 14 Feb 2019 | 11:24 PM

First stop for migrant kids: For-profit detention centre

HOMESTEAD, Fla., SAN FRANCISCO, Calif. (Reuters) - For a growing number of migrant children, this is their first home in America: a sprawling campus dotted with beige buildings, massive white tents and metal trailers, next door to a U.S. Air Force base.

Markets 14 Feb 2019 | 10:49 PM

Malaysian palm oil price snaps four days of losses on likely lower Feb output

KUALA LUMPUR: Malaysian palm oil futures jumped more than 1 percent in the second half of trade on Thursday, ending the day higher on expectations of slowing February output in line with seasonal trend and improving exports.

World 14 Feb 2019 | 10:48 PM

Starving girl shows impact of Yemen war, economic collapse

HAJJAH, Yemen (Reuters) - Displaced by war, starving and living under a tree, 12-year-old Fatima Qoba weighed just 10kg when she was carried into a Yemeni malnutrition clinic.

Markets 14 Feb 2019 | 10:43 PM

Oil prices edge higher as financial markets pare some losses

NEW YORK: Oil prices edged higher on Thursday and Brent hit the highest level this year, but gains were capped after the steepest decline in U.S. retail spending since 2009 heightened investor fears of a global economic slowdown.

Markets 14 Feb 2019 | 10:37 PM

S&P, Dow, slip as grim retail sales data overshadows trade hopes

NEW YORK: The S&P 500 and the Dow slipped while the Nasdaq posted a slim gain on Thursday as investors struggled to square grim retail sales data with hopes that high-level talks in Beijing could resolve the ongoing U.S.-China trade dispute.

Markets 14 Feb 2019 | 10:30 PM

Berkshire trims Apple stake; adds SunCor, Red Hat

NEW YORK Warren Buffett's Berkshire Hathaway Inc said on Thursday it has trimmed its stake in iPhone maker Apple Inc, which is its largest stock investment, and added positions in SunCor Energy Inc and Red Hat Inc.

World 14 Feb 2019 | 10:18 PM

Nigeria 'Delta Avengers' militants vow to cripple economy if Buhari re-elected

ABUJA (Reuters) - A militant group in Nigeria's oil-rich southern Niger Delta threatened on Thursday to cripple Africa's top oil producer and biggest economy if President Muhammadu Buhari is re-elected in a vote due to be held on Saturday.