IBT Staff Reporter

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India and Pakistan say peace talks to resume

India and Pakistan said on Thursday they would resume formal peace talks but issues such as militancy and the disputed Kashmir region are likely to slow any progress towards defusing tensions.

Boy suicide bomber kills 31 at Pakistan army centre

A 12-year-old boy in a school uniform blew himself up at a Pakistani army recruitment centre on Thursday, killing 31 cadets, officials said, in an attack that challenges government assertions that it has weakened militants.

Sudan security release opposition spokeswoman

Sudanese security forces briefly held prominent opposition figure Mariam al-Mahdi and other women on Thursday, witnesses said, the latest detentions in a crackdown on anti-government protests.

US says Egypt failing to meet protest concerns

Egypt must do more to meet protesters' demands for political change, the United States said on Wednesday in a sharp escalation of rhetoric with one of its most important allies in the Middle East.

Egypt's economic stability tied to reforms: US

The Obama administration is closely watching the economic fallout from Egypt's political crisis and believes progress toward democratic reforms would help stem economic instability, a U.S. official said on Wednesday.

Go now, Egyptian Nobel laureate tells Mubarak

U.S.-Egyptian scientist Ahmed Zewail once received a medal from President Hosni Mubarak. Now, he says, it's time for the Egyptian leader to heed the demonstrators clamouring for his departure.

Anglo Coal says prices too high for expanding

Anglo American's thermal coal unit is keen to expand its operations in South Africa and beyond, but is waiting for price of acquisitions to come down first, the unit's head said late on Wednesday.

S.Africa's December manufacturing output disappoints

Growth in South Africa's manufacturing output slowed to just 0.2 percent on the year in December and was far below analysts forecasts, showing the vital sector still struggling to recover from a recession in 2009.

US says alarmed by Zimbabwe political violence

The United States on Thursday condemned a recent spate of violence in Zimbabwe and blamed President Robert Mugabe's party for the attacks, which are heightening tensions ahead of possible elections this year.

Thomson Reuters forecasts higher revenue in 2011

Thomson Reuters Corp said it expects revenue to rise in 2011 after stronger growth in the fourth quarter and more signs that its financial and professional customers are recovering from the recession.

BoE keeps rates steady despite inflation risk

The Bank of England kept its key interest rate at a record low of 0.5 percent Thursday, judging that the threat from rising inflation will prove temporary and that Britain's recovery remains in doubt.

Jobless claims at 2-1/2-year low

New U.S. claims for jobless benefits dropped to a 2-1/2-year low last week, pointing to a firming undertone in the labor market as the economic recovery gathers momentum.

PepsiCo cuts growth goal

PepsiCo Inc cut its earnings growth targets for 2011 and beyond on Thursday, citing higher commodity costs, a difficult economy and investments in emerging markets.

Jobless claims drop to 2-1/2 year low

New U.S. claims for unemployment benefits dropped more than expected last week to touch their lowest point in 2-1/2 years, a government report showed on Thursday, offering assurance that the labor market was strengthening despite January's poor jobs numbers.

BoE holds fire on rates but rise seen by May

The Bank of England defied critics and kept interest rates at a record low on Thursday, judging the threat from rising inflation will prove temporary and that Britain's recovery remains in doubt.

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