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Faisal vows to replace Misbah, Younis

KARACHI: Faisal Iqbal has thrown his name among the mix as he hopes to make a long awaited comeback in Test squad following the retirement of Misbahul Haq and Younis Khan. The retirement of Test legends Younis and Misbah after the West Indies series has left a gaping hole in ...

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Infosys chief quits in rift with founders

MUMBAI: Vishal Sikka has resigned as chief executive of Infosys, the Indian software giant announced Friday, amid growing acrimony between the company’s board and its founders. Sikka said the “increasingly personal” attacks had hit morale at the company, which has been trying to keep pace with rapid changes in the ...

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China’s new home price growth cools in July

BEIJING: China’s home price growth slowed in July, with Beijing declining for a second straight month, reinforcing expectations that property price growth may stagnate over the course of the year. Government restrictions to keep prices in check weighed on larger cities, with July showing the slowest growth since August 2016, ...

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US, South Korean defense chiefs to meet this month: Pentagon

WASHINGTON: US Defence Secretary James Mattis will meet his South Korean counterpart, Defence Minister Song Young-moo, later this month, the Pentagon said on Thursday after a phone call between the two officials on the eve of a US-Japanese security meeting. Mattis congratulated Song on his confirmation as defence minister in ...

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Dollar edges up on euro woes, capped by White House drama

NEW YORK: The dollar rose on Thursday, boosted by weakness in the euro after the European Central Bank’s July policy meeting minutes, but the U.S currency was volatile as rumors swirled about the possible resignation of Gary Cohn, director of the US National Economic Council. Following rumors of Cohn’s departure, ...

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US soybean export sales build as China buying accelerates

CHICAGO: US soybean export sales have been languishing for much of the summer following a record-shattering Brazilian crop, but demand for US shipments is gathering pace, led by renewed demand from top importer China, traders and analysts said. Export sales last week handily topped trade expectations, surging to the second-highest ...

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North Korea tells UN chief nuclear program not up for negotiation

UNITED NATIONS: North Korea’s nuclear weapons program will never be up for negotiation as long as the US government’s “hostile policy and nuclear threat continue,” Pyongyang’s deputy UN ambassador told United Nations Secretary-General Antonio Guterres. Guterres spoke by telephone with Deputy Ambassador Kim In Ryong on Tuesday, the North Korean ...

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Chile central bank holds interest rate at 2.5 percent

SANTIAGO: Chile’s central bank held the benchmark interest rate at 2.5 percent on Thursday, and maintained a neutral bias. The bank brought its last easing cycle to an end in May and has held the interest rate unchanged since then. In its statement, the bank noted inflation was running at ...

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US VP Pence says US wants increased trade with Latin America

PANAMA CITY: US Vice President Mike Pence said on Thursday Washington wants more trade and investment with Latin America, pushing back against perceptions in the region that the Trump administration has an isolationist agenda. Speaking during a visit to the Panama Canal at the end of a Latin American tour, ...

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Argentina agrees to allow imports of US pork: White House

WASHINGTON: Argentina has agreed to allow imports of US pork products for the first time since 1992, the White House said in a statement on Thursday. Argentina had blocked imports of US pork, citing animal health concerns. The United States is the world’s top pork exporter, and the agreement opens ...

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