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  • Haryana govt sanctions Rs 25 cr for installation of CCTV cameras
  • Candidate of Pakistani political party killed in suicide attack at rally
  • J&K Governor reviews flood preparations in J&K
  • Israel to reopen Gaza terminal, extend fishing on Tuesday if quiet holds
  • 21 get imprisonment in Call Centre Scam
  • New wine in old bottle: Rahul chairs maiden meeting of extended CWC
  • No one will be allowed to be harassed: Rajnath on NRC update
  • New wine in old bottle: Rahul chairs maiden meeting of extended CWC
  • China's Xi offers fresh $295 mln grant to Sri Lanka in push for dominance
  • Modi to visit Rwanda, Uganda and South Africa on Monday
  • Woman burnt alive by husband, mother-in-law in Mah
  • Nepal: New education policy soon, says PM
  • Joy trip turns tragic; Six of family swept away by flash floods; 2 bodies recovered, one rescued alive
  • Ahmad Zahid-linked company named in Nepali migrant workers ‘scam’
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Asian stocks slip as oil woes sap sentiment, euro stands tall

By Shinichi Saoshiro
TOKYO, Nov 15 (Reuters) Asian stocks slipped on Wednesday after weaker crude oil prices took a toll on Wall Street, while the euro kept big gains after enjoying a boost from robust German economic growth.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.45 percent.
China's Shanghai index was down 0.7 percent, Australian stocks dropped 0.3 percent and South Korea's KOSPI shed 0.3 percent. Japan's Nikkei lost 0.9 percent.
"The decline by U.S. equities led by energy shares is having a knock-on effect, dampening sentiment in sectors related to energy and industry," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management in Tokyo.
"Broadly speaking equities had enjoyed an almost uninterrupted run for the past few months, so we are seeing a bit of a correction finally emerging."
All three major U.S. stock indexes dipped on Tuesday as an extended drop in crude oil prices hit energy shares and as General Electric plunged for a second straight day.
The euro stood little changed at $1.1794 after rising 1.1 percent overnight to a 2-1/2-week high of $1.1805 as data showed Germany's economy shifted into a higher gear in the third quarter.
Germany's seasonally adjusted gross domestic product (GDP) rose by 0.8 percent on the quarter, compared with a Reuters poll forecast of 0.6 percent.
Pressured by the euro's surge, the dollar index against a basket of six major currencies lost about 0.7 percent overnight. It last stood flat at 93.828..
The greenback was 0.25 percent lower at 113.180 yen after pulling back from a high of 113.910 the previous day.
The yen as well as Japan's equity and bond markets showed little reaction to Wednesday's GDP data. Japan's economy grew for the seventh straight quarter during the July-September period, although this was tempered somewhat as private consumption declined for the first time since the last quarter of 2015.
The immediate focus for the dollar, and a potential catalyst, was data on U.S. consumer prices due later in the global day.
Financial markets, which are betting the Federal Reserve will hike interest rates in December, will be looking for clues to gauge how many more rate increases could be in store next year.
In commodities, crude oil prices stretched losses, weighed by forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in a report from the International Energy Agency (IEA).
U.S. crude futures were down 1.1 percent at $55.10 per barrel and on track for their fourth day of losses. Brent lost 1.2 percent to $61.48 per barrel.
With oil prices having slid steadily from 28-month highs scaled last week, commodity currencies came under pressure.
The Canadian dollar stood at C$1.2738 per dollar after weakening to a one-week low of C$1.2773 overnight.
The Australian dollar faced additional woes after Wednesday's data showed the country's wages did not rise as much as expected last quarter.
The Aussie fell more than 0.6 percent to a four-month trough of $0.7576.
REUTERS SV 1040
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Ahmad Zahid-linked company named in Nepali migrant workers ‘scam’

22 Jul 2018 | 2:50 PM

Kuala Lumpur, July 22 (UNI) A firm linked to former Malaysian deputy prime minister Datuk Seri Ahmad Zahid Hamidi has been accused of looting more than Rs5-billion (RM185-million) from Nepali migrant workers seeking work in Malaysia over the past five years, according to a report in The Sun Daily.

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Elections 2018: Over 20000 polling stations declared sensitive

22 Jul 2018 | 2:17 PM

Islamabad, July 22 (UNI) The Pakistani law enforcement agencies (LEAs) — in a report compiled after extensive field work— has termed 20789 polling stations sensitive ahead of General Elections 2018.

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Pakistan election: ECP sends off ballot papers/boxes to ROs

22 Jul 2018 | 2:12 PM

Islamabad, July 22 (UNI) Printing and dispatch of ballot papers for upcoming general elections 2018 has been completed, according to a Dunya News report here.

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Pakistan election: Campaign enters final phase

22 Jul 2018 | 2:06 PM

Islamabad, July 22 (UNI) The election campaign of all the political parties has got momentum across Pakistan after it has entered the final phase, said a Dunya News report on Sunday.

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Pakistan election: Who's who and why it matters

Pakistan election: Who's who and why it matters

22 Jul 2018 | 1:37 PM

Islamabad, July 22 (UNI) Tens of millions of Pakistanis are preparing to vote in a general election on Wednesday after a campaign tainted by violence and dominated by political controversy.

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