World China FX reserves fall $512.66 bln in 2015, biggest annual drop on record BEIJING: China's foreign exchange reserves, the world's largest, fell $107.9 billion in December to $3.33 trilli Published 07 Jan, 2016 09:22am
Top News TransCanada to sue US for $15bn over pipeline rejection MONTREAL: TransCanada will sue the US government for US$15 billion for blocking its controversial project for an oil pip Published 07 Jan, 2016 09:01am
Markets Hong Kong stocks slump more than 3% by close HONG KONG: Hong Kong stocks slumped again Thursday following a seven percent collapse in mainland markets that caused tr Published 07 Jan, 2016 08:53am
World Indonesia and S. Korea sign $1.3bn fighter jet development deal SEOUL: Indonesia signed a $1.3 billion deal with South Korea Thursday to jointly develop Seoul's next-generation fig Published 07 Jan, 2016 08:49am
Markets China share trading suspended as 7% dive leads global sell-off HONG KONG: Global shares dived Thursday, led by Chinese markets, which were suspended after a more than seven percent pl Published 07 Jan, 2016 08:40am
World Hong Kong bookseller disappearances cut deep into freedom fears HONG KONG: The disappearance of five Hong Kong booksellers has sent shivers through the semi-autonomous city as anxiety Published 07 Jan, 2016 08:20am
Sports Former prodigy Pennant tries luck in Singapore SINGAPORE: Former Arsenal and Liverpool winger Jermaine Pennant arrived in Singapore on Thursday to try his luck in the Published 07 Jan, 2016 08:14am
Sports Ukraine into Hopman Cup final PERTH: Ukraine advanced to their second Hopman Cup final with a 2-1 win over Australia Gold in Perth on Thursday.The hom Published 07 Jan, 2016 08:04am
Markets European equity futures fall sharply on new concerns over China LONDON: European equity futures fell sharply on Thursday after China accelerated the depreciation of the yuan, sending c Published 07 Jan, 2016 07:58am
Markets Gulf hit by oil, global equities slide, regional fears DUBAI: Gulf stock markets fell in early trade on Thursday, hit by oil prices' slide to fresh 11-year lows, a global Published 07 Jan, 2016 07:52am
Business & Finance German industry orders rise more than expected in November BERLIN: Healthy domestic demand drove a bigger-than-expected rise in German industrial orders in November, data showed o Published 07 Jan, 2016 07:41am
Markets German yields fall as investors flee China stock market rout LONDON: German bond yields fell to their lowest levels in over a month on Thursday as investors cowering from a global s Published 07 Jan, 2016 07:35am
Business & Finance China to remove gold import license for industrial purposes: customs SHANGHAI: Gold imported into China for industrial use will not require a central bank permit from the beginning of this Published 07 Jan, 2016 07:29am
Markets South African rand breaches 16.0000 in emerging market sell-off JOHANNESBURG: South Africa's rand fell nearly 1 percent against the dollar on Thursday, sliding towards December' Published 07 Jan, 2016 07:24am
Top News RECORDER REPORT: KSE mid day update KARACHI: On Thursday, until mid day, KSE-100 Index was at 32796.13 with a change of -172.13 and volume of 39,322,140 sha Published 07 Jan, 2016 07:21am
Markets Indian stocks fall to more than 3-wk low on China worries MUMBAI: Indian stocks fell 2 percent on Thursday to their lowest level in more than three weeks after China accelerated Published 07 Jan, 2016 07:09am
Business & Finance Saudi Electricity signs $1.4 bln 3-yr loan with 7 international banks DUBAI: Saudi Electricity Co (SEC), the Gulf's largest utility firm, said on Wednesday it had signed an agreement for Published 06 Jan, 2016 12:13pm
Markets Egyptian government approves Chinese coal-fired power plant proposals CAIRO: Egypt's cabinet has approved two conditional contracts with Chinese firms to produce electricity from coal-fi Published 06 Jan, 2016 12:02pm
Top News RECORDER REPORT: KSE close of day KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Wednesday having 32968.26 points with a negative change Published 06 Jan, 2016 11:50am
World Germany recorded 1.1mn asylum seekers in 2015: ministry BERLIN: Germany registered 1.1 million asylum seekers in 2015, the interior ministry said on Wednesday, with Syrians fle Published 06 Jan, 2016 11:40am