Tuesday 2 February 2016

Dunya TV

Dunya TV

Football: United stroll provides welcome tonic for Van Gaal

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MANCHESTER (AFP) - Manchester United produced one of their best performances under beleaguered boss Louis van Gaal as they lifted the gloom around Old Trafford with a 3-0 win over Stoke on Tuesday.Van Gaals side equalled their biggest Premier League win of the season thanks to goals from Jesse Lingard, Anthony Martial and Wayne Rooney.And the timing couldnt have been better as United delivered a strong performance 24 hours after the high-profile appointment of Pep Guardiola as manager of their bitter rivals Manchester City.Guardiolas impending arrival in the close-season as the replacement for Manuel Pellegrini is designed to make City the dominant force not only in Manchester but also in Europe.United look to be in danger of falling behind their neighbours as they struggle to even qualify for next seasons Champions League, while question marks persist over their managerial position.Van Gaal was booed by Uniteds supporters after their last home game - a 1-0 defeat to Southampton.But the Dutchman has clung onto his job and this result - allied to a superb attacking performance - keeps them within five points of the top four places and should buy van Gaal a little breathing space. United had won just two of their previous 10 league games and scored only 11 home goals.Their total of 27 goals in total at this stage of the season was their lowest since 1989-90 when they finished 13th in the top flight and Mark Hughes finished as top scorer with 15 goals.Hughes was back on his old stamping ground as Stoke manager, but it was not a happy homecoming as his 100th Premier League match in charge of the Potters ended in a chastening defeat and prolonged Stokes winless record at Old Trafford, which stretches back 40 years.A victory over United on Boxing Day, which threatened to push Van Gaal close to the exit door, gave Stoke the chance to complete the double over United for the first time since 1952-53.But that never looked likely as United raced into a 2-0 lead inside the first 23 minutes.United showed their intent from the start as they created more chances than they had in most of their home games put together.And they went ahead in the 13-minute when teenage full-back Cameron Borthwick-Jackson crossed for Lingard to stoop and head in his third goal of the season.Martial then fired into the side netting and forced Jack Butland into a save before he scored a superb goal to take his total for the season to nine.United launched a lightning break, bringing back memories of some of their finest football under Alex Ferguson, which ended with Rooney teeing up Martial to curl a superb right-footed shot into the top corner.Stoke, unable to use record signing Giannelli Imbula after his late arrival on Monday, couldnt handle Juan Mata, who excelled in a central position and could have had a hat-trick as he saw efforts blocked and headed wide from a Matteo Darmian cross.Jon Walters did go close for the visitors, whose season is falling apart around them after two cup exits in a week and a third league game without a win, as he volleyed over before the break.But they had no answer to a classy United performance which included a goal from Rooney after the break.The United and England captain had an effort disallowed as he barged over Phil Bardsley in the build-up.But Rooney wouldnt be denied a seventh goal in as many games as he tapped in a Martial cross following another flowing move with 53 minutes gone.And as United made a long overdue statement of intent they almost added a fourth when substitute Memphis Depay hit the bar with an angled shot late on.

Football: Aguero strikes as Man City stay in touch

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SUNDERLAND (AFP) - Sergio Agueros 12th goal in 10 Premier League games gave Manchester City a narrow 1-0 victory at Sunderland on Tuesday in their first game since Pep Guardiolas arrival as manager was announced.The visitors went ahead 16 minutes into the game with a classy bit of finishing from Aguero and at that stage the travelling fans might have expected their side to cruise to a similar scoreline to the 4-1 win recorded when the two sides met earlier this season.But Manuel Pellegrinis team failed to test Sunderland goalkeeper Vito Mannone enough and the home side could easily have sprung a shock had they done better with three clear-cut chances before half-time.The second half was almost completely dominated by Sunderland, but they were unable to breach Citys defences as the visitors preserved the three-point gap that separates them from leaders Leicester City, their next opponents.A day that began with newspaper headlines trumpeting Guardiolas arrival from Bayern Munich at the end of the season ended with Pellegrini celebrating victory in his 100th Premier League game at the City helm.With City having reached the League Cup final and made progress in the FA Cup in recent weeks, Pellegrini had called on his players before the game to step up their challenge for the league title.He backed that call up by fielding his strongest side available and that meant returns for Joe Hart, Martin Demichelis, Yaya Toure, David Silva and Aguero, who started alongside FA Cup hat-trick star Kelechi Iheanacho.Sunderland handed full debuts to January defensive reinforcements Jan Kirchhoff and Lamine Kone, both of whom impressed, as manager Sam Allardyce prepared for a night when his side would have expected to be under the cosh despite home advantage.Sunderland made a solid start, but were undone by a piece of Aguero brilliance.The Argentine started and finished a move that culminated in him taking a right-wing cross from Jesus Navas, wrong-footing right-back Billy Jones and deftly lifting the ball home across Mannone from 10 yards.City threatened occasionally, but it was Sunderland who stepped up thereafter and both debutants might have got on the scoresheet.First Kone headed wide from Jeremain Lenss free-kick in the 34th minute with the goal at his mercy before, six minutes later, Kirchhoff slid in to direct a good chance wide at the near post from a left-wing cross.Seconds before half-time, Sunderland looked certain to score only for Hart to deny Jermain Defoe from point-blank range with a world-class save. Joness follow-up from a couple of yards out smashed off the post.Suitably encouraged, Sunderland stormed out of the blocks in the second half.Allardyce brought on another debutant, attacking midfielder Wahbi Khazri, while Pellegrini swapped Iheanacho for holding midfielder Fernando.City had to weather solid pressure, but for all their domination Sunderland were unable to properly test Hart again until the 77th minute when a Jones pile-driver was palmed wide by the England shot-stopper.From the resulting corner, either Khazri or Sunderland skipper John OShea might have scored, but Harts goal survived.There were a couple more scares, but City held firm to maintain their chances of handing Guardiola a league crown to protect when he sweeps in from Bavaria.

Football: Vardy wonder-strike fires Leicester title bid

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LEICESTER (AFP) - A wonder-goal from England striker Jamie Vardy helped prolong Leicester Citys remarkable Premier League title challenge as they defeated Liverpool 2-0 at the King Power Stadium on Tuesday.Vardy scored both of the Foxes goals, taking his tally to 18, and the first was a stunning strike from the right-hand corner of the penalty area that capped another astonishing night for his team.That goal, on the hour-mark, was followed by a close-range goal 11 minutes later that gave Leicester a deserved win and maintained their three-point lead at the top of the table.Leicester might have claimed the lead inside the opening minute when Liverpool handed possession to the hosts and Riyad Mahrez picked up the ball.He progressed to the edge of the penalty area with minimal resistance before bending a shot narrowly off target.They went even closer in the ninth minute when Liverpool captain Jordan Henderson was robbed in midfield by Shinji Okazaki and referee Andre Marriner allowed play to continue despite appeals for a free-kick.The Japan international fed Vardy and raced to the far post to meet his team-mates cross, but his header was pushed over the bar brilliantly by Liverpool goalkeeper Simon Mignolet.Leicester goalkeeper Kasper Schmeichel made an equally fine save moments later from a shot by Emre Can, but an offside flag had been raised against the Liverpool midfielder.A fine touch from Mahrez from Christian Fuchss dipping pass then gave the Algerian another shooting opportunity, but Mignolet was equal to his 20-yard effort.Liverpool attempted to catch Leicester out with a short corner in the 18th minute, but after working the ball to Lucas Leiva, they saw his cross fly horribly into the stand behind Schmeichels goal.Leicester continued to hold sway with Vardy to the fore and his persistence won a corner from which they could have tested Mignolet.Fuchss delivery found Robert Huth, but the defender headed over.The Liverpool keeper was required again 10 minutes from half-time when his side failed to deal with a thrown-in and the ball broke to Mahrez.The winger hit a curling, left-foot shot that was heading for the roof of the net until Mignolet tipped it over.A rare Liverpool attack caused some worries for Leicester six minutes before the interval when Roberto Firmino spread play to Alberto Moreno on the left, but the full-back blazed a shot wide with colleagues waiting for a cross.Early in the second half Can should have put Liverpool ahead after combining well with James Milner before collecting a cross by Henderson, but his shot was deflected wide.Leicester, though, continued to press and Okazaki fired just over after seizing on a poor clearance by Mamadou Sakho.Then Lucas decided to try his luck from 25 yards, but he blazed his effort over the crossbar.Moments later Morenos cross-shot almost caught out Schmeichel at his near post but the Dane clawed the ball away to safety.Then, in the 60th minute, Vardy raised the roof at the King Power Stadium with a moment of brilliance.He collected a clever, lofted pass from Mahrez and sent a powerful, dipping shot from the apex over the area over a stranded Mignolet.And he doubled his sides lead 11 minutes later with a poachers goal as he prodded a shot past Mignolet after a shot from Okazaki deflected into his path.Liverpool pushed for a lifeline, but Leicester managed the closing stages of the game well to maintain their superb season.

Football: Kane double destroys Norwich

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NORWICH (AFP) - Tottenham kept their Premier League title challenge on track as Harry Kanes double inspired a 3-0 win over struggling Norwich on Tuesday.Mauricio Pochettinos side are only five points behind leaders Leicester after climbing above bitter rivals Arsenal into third place thanks to a dominant display at Carrow Road.Dele Alli opened the scoring early on and Kane added a first half penalty before wrapping up the points in the final moments.Tottenhams third successive league win and fifth victory in a row in all competitions added to the growing feeling that Pochettinos vibrant young team are capable of securing not only a top four finish but possibly the clubs first English title since 1961.The predatory finishing of Kane and the creative class of his England team-mate Alli have combined to drive Tottenhams unexpected title bid and they were the key figures once again.In contrast to upwardly mobile Tottenham, Norwich have now lost their last five matches in all competitions and are languishing just two points above the relegation zone.Norwich manager Alex Neil signed nine players during the January transfer window, more than any other Premier League club, as he tried to revitalise a squad which has struggled on their return to the top-flight.Switzerland international Timm Klose, one of Neils new recruits, made his debut in defence, but Norwich had conceded 14 goals in their previous four games and it took Tottenham just 96 seconds to exploit the hosts fragile rearguard.The goal came after Christian Eriksens corner was only half cleared to Toby Alderweireld on the edge of the penalty area.Alderweirelds shot was blocked, but Eriksen pounced on the rebound and drilled a low strike that Norwich goalkeeper Declan Rudd could only parry towards Alli, who gleefully tapped in from close-range.The 19-year-olds seventh club goal of his impressive breakthrough season might have been a more mundane affair than his last -- a sublime contender among the best of the season to date against Crystal Palace in January.Regardless of the quality, the significance was clear to see as Tottenham, confidence soaring, threatened to blow Norwich away before half-time.South Korea forward Son Heung-min forced Rudd into a good save when he produced a deft flicked effort from Kanes cross.Pochettinos men were in complete control and they doubled their lead in the 30th minute when referee Kevin Friend awarded a penalty after Alli was brought down by Norwich defender Sebastien Bassong.Kane had scored a penalty in Tottenhams 3-0 win over the Canaries on Boxing Day and the England forward was nerveless from the spot again as he stroked home his 17th club goal of the season.It took a decent stop from Rudd to deny Kane his second goal and moments later Alli headed wide when he should really have scored from Danny Roses cross.Alli came off at half-time, reportedly with an illness, and his absence robbed Tottenham of their driving force, with Norwich looking reinvigorated as a result.Steven Naismith headed narrowly wide for the hosts before Bassong saw his close-range finish ruled out for offside.But Norwichs pressure soon fizzled out and Kane capped the Spurs stroll when he slotted home in the 90th minute.

Football: Neymar hit with fraud proceedings in Brazil

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SAO PAULO (AFP) - Barcelona and Brazils star striker Neymar suffered a fresh legal blow Tuesday when Brazilian prosecutors filed a tax fraud and forgery case against him.The 23-year-old and his family have denied any wrongdoing over alleged irregularities in his superstar signing for Barcelona in 2013.But hours after he gave testimony in Spain in one case, a new front opened up as federal prosecutors in Brazil launched proceedings against him and his father.Investigators in both countries suspect Neymars family and the club hid the real value of the deal under which Barcelona signed him from Brazilian side Santos.Barcelona valued the transfer at about 57 million euros ($62 million), but Spanish authorities think it added up to more than 83 million euros.Brazils federal prosecution service accused the player, full name Neymar da Silva Santos Junior, and his father of forging contracts to pay less tax.It made the same accusations against his father and two senior FC Barcelona management figures: the clubs current president Josep Maria Bartomeu and his predecessor Sandro Rosell.A federal court must now decide whether to admit the charges and put them on trial. Last September, Brazilian authorities froze $47 million worth of the players assets pending investigations.The federal prosecution service said in a statement the charges related to tax evasion and forgery, which cost the state millions in lost taxes.Wearing jeans and sunglasses, Neymar seemed relaxed as he arrived at Spains National Court in Madrid with his father Neymar da Silva Santos, who was also called to testify before an investigating judge.The player signed an autograph in front of a group of photographers before giving the thumbs-up and entering court, where he stayed an hour and a half.He made no comment when he left, but took a multitude of selfies with young supporters.Neymar and his father have defended themselves in the media.Before saying nonsense -- that we hid this, or hid that -- they should prove it, Neymar told Brazilian TV station Globo on Sunday.My father is doing everything to ensure that I can just focus on playing football. He handles the books. But in the moment when you see someone you love suffering, it starts to hurt.Bartomeu and Rosell refused to testify when called this week, insisting on the account they had given for a previous hearing.A representative of Santos told the judge on Monday the club had felt cheated by Neymar and his father after details of the transfer emerged.Fatima Cristina Bonassa said during a five-hour testimony that the footballer was an adult at the time of transfer and knew what he was signing.The transfer helped Barcelona form one of the worlds most lethal football strike forces, along with Argentine superstar Lionel Messi and Uruguays Luis Suarez.But the club has faced numerous legal headaches off the field. Messi himself has been called to stand trial from May 31 for tax fraud in a separate case.Neymars case hasnt affected his performances on the field. He helped Barca to a treble title triumph last season.Brazils golden boy is now expected to captain his country on home soil at the Rio Olympics in August.Neymar is perfect, said Barcelona coach Luis Enrique, commenting on the scandal.From zero to one million, it affects him at 0.000001 percent, Enrique said.It has nothing to do with football, this is an issue that will be resolved as it should be.

Golf: McIlroy up to second behind Spieth in rankings

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LONDON (AFP) - Jordan Spieths runner-up finish at the Singapore Open keeps him clear at the top of the world rankings as Rory McIlroy retook second spot from Jason Day.Australian Day missed his first cut in eight months at Torrey Pines, while Northern Irelands McIlroy did not play after finishing in a tie for third at Abu Dhabi two weeks ago.Spieth opted to travel to Singapore as part of a hectic early-season schedule, and the American lost out by one shot to South Korean Younghan Song after a Monday finish to the final round.Branden Grace showed once again that when in contention he is a very tough man to beat. The South African took advantage of a Paul Lawrie collapse to win the Qatar Masters and is now closing in on the worlds top ten.By far the biggest mover in the top 20 was Farmers Insurance Open winner Brandt Snedeker. The 35-year-old came back to win from five shots behind or more going into the final round for the fourth time in his career, and is up 12 places to 12th.His stunning final round of 69 was over nine strokes better than the field average, and he waited on Monday to see Jimmy Walker and KJ Choi fail to force a play-off in another delayed event.Official World rankings: 1. Jordan Spieth (USA) 12.12pts2. Rory McIlroy (NIR) 10.323. Jason Day (AUS) 10.214. Rickie Fowler (USA) 7.745. Bubba Watson (USA)7.496. Henrik Stenson (SWE) 7.417. Justin Rose (ENG) 6.448. Dustin Johnson (USA) 5.699. Patrick Reed (USA)5.0010. Jim Furyk (USA) 4.9911. Branden Grace (RSA) 4.9012. Brandt Snedeker (USA) 4.2713. Sergio Garcia (ESP) 4.1914. Zach Johnson (USA) 4.1815. Adam Scott (AUS) 4.1316. Kevin Kisner (USA) 4.1017. Brooks Koepka (USA) 4.0118. Louis Oosthuizen (RSA) 3.6819. Hideki Matsuyama (JPN) 3.6720. Danny Willett (ENG) 3.64.

LEAs' officials decide on arresting Uzair Baloch's partners

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KARACHI (Dunya News) – A meeting held late Tuesday night of top officials of Law Enforcement Agencies (LEA) have decided on arresting Uzair Baloch’s close partners. A decision to contact Interpol to apprehend those perpetrators that have fled the country was also made during the high level meeting.According to the details, a decision to arrest Baloch’s close aides including Ustad Taju, Ghaffar Zakri, Sheraz Zakri, Wasi Lakho, Umer Khuchi, Shakeel Badshah Khan, Zahid Ladla, Faisal Pathan, Sardar Asif alias Mithal, Gulabo and Sajid Golimar was made during the meeting.In addition to these, Jameel Changa, Saleem Chocolaty, Saeed Kajal, Mullah Sohail, Mullah Nisar, Agha Shaukat Irani, Sheraz Comrade, Sunny, Shakeel Khan will also be taken into custody.A decision to announce a prize of Rs. 50 lac for anyone aiding in the arrest of the fled suspects was also discussed during the meeting.

Australia bowl first against New Zealand

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AUCKLAND (AFP) - Australia won the toss and put New Zealand in to bat in the first match of the Chappell-Hadlee Trophy one-day series at Eden Park on Wednesday.Looking at the history of the ground the team bowling first has won 80 percent of the games, Australian captain Steve Smith said.Josh Hazlewood, who has been sidelined for a while, returns to lead a four-pronged pace attack with no room for leg-spinner Adam Zampa.New Zealand have retained the same side that beat Pakistan by 70 runs on the same wicket three days ago.Leg-spinner Ish Sodhi was rushed into the side after the wicket showed signs of turn during the Pakistan match, but captain Brendon McCullum said the small boundaries at Eden Park meant they ultimately decided to play Mitchell Santner as the sole spinner.The match marks the beginning of the end for McCullum who will retire from international cricket after the Australian series. The last time the two sides played an ODI at Eden Park it was a low-scoring thriller which New Zealand won by one wicket during pool play in the World Cup in early 2015.Australia later triumphed in a similarly low-scoring game in the World Cup final in Melbourne last March.Teams New Zealand:- Brendon McCullum (capt), Martin Guptill, Kane Williamson, Henry Nicholls, Corey Anderson, Grant Elliott, Luke Ronchi, Mitchell Santner, Adam Milne, Matt Henry, Trent Boult.Australia: Steve Smith (capt), David Warner, Shaun Marsh, George Bailey, Glen Maxwell, Mitchell Marsh, Matthew Wade, James Faulkner, John Hastings, Kane Richardson, Josh Hazlewood.Umpires: Ian Gould (ENG), Derek Walker (NZL).TV umpire: Sundaram Ravi (IND).Match referee: Chris Broad (ENG).

Those accusing govt were not physically part of protest: Pervaiz Rasheed

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ISLAMABAD (Dunya News) – Federal Minister for Information Pervaiz Rasheed on Tuesday stated that those accusing the government for the deaths 2 Pakistan International Airlines’ (PIA) employees were not even physically part of that protest, which is why the government rejects their allegations.Addressing a press conference in Islamabad, the Federal Information Minister stated that both the Rangers and the police did not fire at the protesting PIA employees in a demonstration in Karachi but was fired by someone present in the demonstration.Rasheed stated that it was the responsibility of the Sindh government to bring facts of the incident to light and should expose those who fired the shots.He stated that the strike by PIA employees was part of a political stunt the purpose of which was to destabilize the country. He further added that the strike was not in the benefit of the PIA employees.Earlier on Tuesday, two workers of PIA succumbed to their wounds after law enforcers allegedly opened fire to deter protesters’ movement towards Jinnah terminal.Sindh Police used water cannon to deter the protesting employees who were furthering towards Jinnah International Airport from the head office while Rangers resorted to baton charge.The law enforcers have been alleged of opening fire that claimed two lives and injured several others.A worker of PIA’s engineering wing, Inayat Raza died in a hospital after he was admitted in injured condition. However, Sindh Police East DIG has rejected the claims and said that the personnel did not open fire. There are reports that protesters possessed weapons, he added.PIA employees had threatened to halt flight operations following the failure of talks with the government on the proposed privatisation move.

U-19 World Cup: Pakistan face Sri Lanka today

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DHAKA (Dunya News/Agencies) – Pakistan will meet Sri Lanka in the last Group B match of the Under-19 World Cup at the Sher-e-Bangla Stadium in Dhaka today (Wednesday). The match will start at 8:00am PST.Both Pakistan and Sri Lanka have already qualified for the quarter-finals after their victories against Afghanistan and Canada.The winner of today’s fixture will face West Indies in Fatullah on February 8 while the loser will go up against England on February 7.Squads (from):Pakistan: Gauhar Hafeez (c), Arsal Sheikh, Hasan Mohsin, Mohammad Umar, Saif Ali, Saif Badar, Salman Fayyaz, Shadab Khan, Zeeshan Malik, Ahmad Shafiq, Hasan Khan, Irfan Liaqat, Muhammad Asad, Sameen Gul, Umair Masood.Sri Lanka: Kaveen Bandara, Salindu Ushan, Shammu Ashan, Charith Asalanka (c), Avishka Fernando, Wanidu Hasaranga, Kamindu Mendis, Vishad Randika, Lahiru Samarakoon, Asitha Fernando, Lahiru Kumara, Jehan Daniel, Damitha Silva, Thilan Nimesh, Charana Nanayakkara.

PIA's JAC announces permanent shutdown of operations

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KARACHI (Dunya News) – Pakistan International Airlines’ (PIA) Joint Action Committee (JAC) on Tuesday has announced complete and permanent shutdown of its operations. JAC’s chairman Sohail Baloch stated that they will contact the court for registering case against the killing of 2 PIA employees that occurred earlier during a protest against privatization of the organization. Pakistan Airlines Pilots’ Association (PALPA) has also announced not to take part in any operation.JAC chairman Baloch also announced that a sit in protest will be staged in the PIA headquarters.Addressing a press conference in Karachi, the JAC chairman has demanded that the incident should be investigated under a Justice of the High Court.The JAC has alleged that attempts are being made to delete the CCTV footage which depicts the firing incident.Speaking on the matter, PALA’s vice president Captain Sadiq Rehman, in a show of solidarity with the PIA employees, stated that PALPA stands shoulder to shoulder with the employees and refuses to take part in any operation.Earlier today, Chairman Pakistan International Airline (PIA) Nasir Jafar also announced his resignation onDunya News program ‘Dunya Kamran Khan Key Sath’ citing the Karachi firing incident during PIA employees’ protest.A JAC delegation also met Chief Minister (CM) Sindh Syed Qaim Ali Shah during which the JAC briefed him about the killing of their colleagues. Shah said that he will make sure that a detailed inquiry of the incident is held and stated that the Sindh government is prepared to form a judicial commission into the matter.Two workers of Pakistan International Airlines (PIA) succumbed to their wounds after law enforcers allegedly opened fire to deter protesters’ movement towards Jinnah terminal.Sindh Police used water cannon to deter the protesting employees who were furthering towards Jinnah International Airport from the head office while Rangers resorted to baton charge.The law enforcers have been alleged of opening fire that claimed two lives and injured several others.A worker of PIA’s engineering wing, Inayat Raza died in a hospital after he was admitted in injured condition. However, Sindh Police East DIG has rejected the claims and said that the personnel did not open fire. There are reports that protesters possessed weapons, he added.

Karachi: Six accused arrested during police operation

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KARACHI (Dunya News) – According to details, police conducted a search operation in Lyari Baghdadi area on Tuesday and rounded up six accused, reported Dunya News.SSP City while briefing media stated that the arrested persons were involved in robbery and other crimes.On the other hand, police conducted operation in Shisha cafes in Defence and Boat Basin and sealed a popular café. According to SSP South, Dr Farooq, two persons were also taken into custody during crackdown on shisha cafes.

Ferrari shares skid as debt and outlook disappoint

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MILAN (AFP) - Italian luxury sports carmaker Ferrari on Tuesday announced an increase in its net profit for last year, but investors dumped its shares after being spooked by its debt and disappointed with the 2016 outlook.Net profit rose at the brand with the famous prancing horse logo by 9.4 percent last year to 290 million euros.The debt of 1.94 billion euros, the result of its spinoff from Fiat Chrysler last year and entry onto the Milan stock exchange, was considerably higher than the 1.7 billion expected by analysts.Moreover, Ferrari expects the debt to rise slightly this year, while the increase in sales to shift down a gear.While sales rose by 6 percent in 2015 to 7,664 vehicles, the company only expects a 3.1 percent gain this year to 7,900 cars.Adjusted operating profit should also climb by 3 percent to 770 million euros, but revenues are only expected to rise by half that rate to 2.9 billion.The modest outlook combined with the high debt level disappointed investors, with Ferrari shares finishing the day down 9.6 percent at 33 euros on the Milan market.In New York they closed down 12.4 percent down at $34.98.

Maulana Abdul Aziz hints at pardoning Pervaiz Musharraf

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ISLAMABAD (Dunya News) –Relief may come for the former President of Pakistan General (Retd) Pervaiz Musharraf as Lal Masjid cleric Maulana Abdul Aziz on Tuesday hinted towards pardoning the former President along with other key players involved in the 2007 operation in Lal Masjid.Talking to the media after a hearing in Islamabad’s court, Aziz stated that Musharraf was his Muslim brother. He stated that the decision for pardoning Musharraf will be made after consensus.However, the cleric’s lawyer Tariq Asad has stated a case will be registered against Aziz himself if those involved in Lal Masjid operation were pardoned.On the other hand, Islamabad’s court has acquitted Aziz in two cases registered against him.

Oil extends deep losses, WTI falls below $30

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NEW YORK (AFP) - Oil prices extended sharp losses for a second day Tuesday as traders anticipate another rise in US crude stockpiles, worsening the global glut.US benchmark West Texas Intermediate for delivery in March slid $1.74 (5.5 percent) to $29.88 a barrel on the New York Mercantile Exchange. It was the first time WTI closed below $30 since January 21.In London, Brent North Sea crude for April fell to $32.72 a barrel, down $1.52 (4.4 percent) from Mondays settlement.Indications are pointing to a fairly chunky build tomorrow, said Matt Smith of Clipper Data, referring to the Department of Energys weekly petroleum report scheduled on Wednesday.While traders expected more bearish news on US crude inventories, the prospects of some sort of coordinated action between Russia and the Organization of the Petroleum Exporting Countries to cut output faded.Last week, several OPEC and Russian officials hinted at the possibility of coordinated production cuts, which assisted in lifting crude prices above $34 a barrel, said Robbie Fraser of Schneider Electric.However, this weeks trading has seen crude futures move decidedly lower, as there is growing realization that a Russia/OPEC effort to lift prices still faces significant obstacles.Russia announced Tuesday that it pumped a post-Soviet record amount of crude oil and condensate in January of about 18.9 million barrels a day, as it fights to hold onto market share.Adding pressure on the market was the dim outlook for global oil demand.Weak economic data from China and the US have put pressure on prices. Consequently, the manufacturing sector in the two most important oil-consumer countries is in a recession, which is stirring up fears about future oil demand, Commerzbank said in a client note.
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