(Reuters) – Canadian construction company Aecon Group Inc’s quarterly profit more than doubled as costs fell. Net income rose to C$5.4 million, or 9 Canadian cents per share, in the second quarter, from C$2.3 million, or 1 Canadian cent per share a year earlier. Revenue fell 13 percent to C$661.7 million. Direct costs and expenses fell 15 percent to C$599.3 million. Aecon’s shares, which have risen 24 percent so far in 2012, closed at C$12.88 on Monday on the Toronto Stock Exchange. (Reporting by Ankur Banerjee in Bangalore; Editing by Supriya Kurane)
President shifts Egypt's balance of power
In retaking key powers and shaking up the military brass, President Mohammed Morsi has sharply shifted Egypt's balance of power overnight and transformed his public image from a weak leader to a savvy politician. Niko posts bigger loss on lower output
(Reuters) – Canadian oil and gas producer Niko Resources Ltd’s posted a bigger quarterly loss as costs related to its D6 block, off India’s east coast, rose and output from the block fell. Niko, which explores for oil and gas in southeast Asia and the Caribbean, has been grappling with lower natural gas reserves at the D6 block. Net loss for the first quarter was $92.1 million or $1.78 per share, compared with $54.98 million, or $1.07 per share, a year ago. Oil and natural gas revenue fell to $55.1 million from $88.3 million, a year ago. …
Moderate 5.4 quake hits Pakistan
A moderate 5.4-magnitude earthquake struck the far northern region of Pakistan early Tuesday, the US Geological Survey said, but there were no immediate reports of damage or casualties. U.S. envoy meets Romania power rivals, voices concerns over crisis
BUCHAREST (Reuters) – A senior U.S. official met the two rivals battling for power in Romania on Monday and expressed Washington’s concerns about the political crisis that he said could create economic and diplomatic problems. U.S. Assistant Secretary for European and Eurasian Affairs Philip Gordon met Prime Minister Victor Ponta and the man his Social Liberal Union (USL) is trying to oust as president, Traian Basescu, in a legal and political struggle that has unsettled Washington and the European Union. …
President shifts Egypt's balance of power - The Associated Press
CAIRO (AP) -- In retaking key powers and shaking up the military brass, President Mohammed Morsi has sharply shifted Egypt's balance of power overnight and transformed his public image from a weak leader to a savvy politician. If unchallenged, the moves … Pentagon sees uptick in Syrian air attacks - Reuters
WASHINGTON Aug 13 (Reuters) – The Pentagon on Monday deplored what it saw as an increasing use of air power by Syrian President Bashar al-Assad's government against rebels, but stopped short of suggesting a move toward any additional steps like a … 
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