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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-10-25
Coal-fired project in state of uncertainty
Libor

Coal-fired project in state of uncertainty

Sindh Engro Coal Mining Company's (SECMC) 660 MW local coal-fired project being established in Thar is in doubt with Chinese banks unwilling to extend a loan for the power plant on a Pakistani sovereign guarantee. SECMC, however, believes that the flagshi
Published 25 Oct, 2014 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Oct, 2014 12:00am
Coal-fired project in state of uncertainty
Libor

Coal-fired project in state of uncertainty

Sindh Engro Coal Mining Company''s (SECMC) 660 MW local coal-fired project being established in Thar is in doubt with Chinese banks unwilling to extend a loan for the power plant on a Pakistani sovereign guarantee. SECMC, however, believes that the flagsh
Published 25 Oct, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 25 Oct, 2014 12:00am
Angry Cameron vows not to pay new British EU bill

Angry Cameron vows not to pay new British EU bill

David Cameron furiously rejected a demand from Brussels for more than two billion euros in backdated charges at a summit Friday, setting up a new showdown over Britain's place in the EU. The prime minister hijacked a meeting that was meant to be focused o
Published 25 Oct, 2014 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 25 Oct, 2014 12:00am
Angry Cameron vows not to pay new British EU bill

Angry Cameron vows not to pay new British EU bill

David Cameron furiously rejected a demand from Brussels for more than two billion euros in backdated charges at a summit Friday, setting up a new showdown over Britain's place in the EU. The prime minister hijacked a meeting that was meant to be focused o
Published 25 Oct, 2014 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (October 24, 2014).

Published 25 Oct, 2014 12:00am
Angry Cameron vows not to pay new British EU bill

Angry Cameron vows not to pay new British EU bill

David Cameron furiously rejected a demand from Brussels for more than two billion euros in backdated charges at a summit Friday, setting up a new showdown over Britain''s place in the EU. The prime minister hijacked a meeting that was meant to be focused
Published 25 Oct, 2014 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (October 24, 2014).

Published 25 Oct, 2014 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (October 24, 2014).

Published 25 Oct, 2014 12:00am
Lamela 'rabona' strike becomes global sensation

Lamela 'rabona' strike becomes global sensation

Tottenham Hotspur striker Erik Lamela shot to the front of the queue for the world goal of the year Friday after his "rabona" wonder strike in the Europa League. The 22-year-old Argentine became a global internet sensation with his audacious goal in Spurs
Published 25 Oct, 2014 12:00am
IMC announces Rs 1.1 billion profit after tax in Q1

IMC announces Rs 1.1 billion profit after tax in Q1

The Indus Motor Company Limited (IMC) has reported a profit after tax of Rs 1.1 billion for the first quarter of the financial year 2014-15 ended September 30. The profit is up 28 percent from Rs 0.9 billion achieved for the same quarter in FY 2013-14. Th
Published 25 Oct, 2014 12:00am
IMC announces Rs 1.1 billion profit after tax in Q1

IMC announces Rs 1.1 billion profit after tax in Q1

The Indus Motor Company Limited (IMC) has reported a profit after tax of Rs 1.1 billion for the first quarter of the financial year 2014-15 ended September 30. The profit is up 28 percent from Rs 0.9 billion achieved for the same quarter in FY 2013-14. Th
Published 25 Oct, 2014 12:00am
Soneri Bank posts Rs 1.75 billion pre-tax profit in Q3

Soneri Bank posts Rs 1.75 billion pre-tax profit in Q3

Soneri Bank Limited posted a pre-tax profit of Rs 1.75 billion for the nine months ended 30 September 2014. The Board in its 139th meeting held on 23 October 2014, approved the Bank's third quarterly financial statements. On the occasion, the Chairman, Al
Published 25 Oct, 2014 12:00am
Soneri Bank posts Rs 1.75 billion pre-tax profit in Q3

Soneri Bank posts Rs 1.75 billion pre-tax profit in Q3

Soneri Bank Limited posted a pre-tax profit of Rs 1.75 billion for the nine months ended 30 September 2014. The Board in its 139th meeting held on 23 October 2014, approved the Bank's third quarterly financial statements. On the occasion, the Chairman, Al
Published 25 Oct, 2014 12:00am
Student Scheme: SBP body approves Rs 173.57 million interest-free loans

Student Scheme: SBP body approves Rs 173.57 million interest-free loans

Apex Committee of Student Loan Scheme in its meeting held on October 22, at State Bank of Pakistan, Karachi approved Rs 173.57 million as interest-free loans for deserving students to pursue higher studies within Pakistan. The meeting was chaired by Saeed
Published 25 Oct, 2014 12:00am
Death toll rises to 18 in Tharparkar

Death toll rises to 18 in Tharparkar

Death toll has risen to 18 in last 20 days in famine-hit Tharparkar as one more child died at Mithi Hospital on Friday. More than 431 babies have died over the past eight months in Thar which has remained focused in the media due to the drought. The deser
Published 25 Oct, 2014 12:00am
Sharjeel says it's Governor's job to accept MQM's resignations

Sharjeel says it's Governor's job to accept MQM's resignations

Sharjeel Inam Memon, Sindh Information Minister, on Friday said that it is up to Sindh Governor to accept resignations of provincial ministers and advisors of the Muttahida Quami Movement (MQM). Talking to media at the Sindh Provincial Assembly, Memon sai
Published 25 Oct, 2014 12:00am
Telenor Pakistan launches Samsung Galaxy Note 4

Telenor Pakistan launches Samsung Galaxy Note 4

Telenor Pakistan and Samsung Electronics Pakistan have announced to co-launch Samsung Galaxy Note 4 in Pakistan. The announcement was made following the successful roll out of Telenor 3G services in 35 cities of Pakistan, most for any mobile operator in t
Published 25 Oct, 2014 12:00am
Rains cause 3 deaths in Kurram Agency

Rains cause 3 deaths in Kurram Agency

Three people, including a woman, have died and five were injured as roofs of houses collapsed because of heavy rainfall in Kurram Agency. According to Tribal News Network, the roofs of many houses caved in at Bazargah, Digah, Sharko, Shabak and Khafyanga
Published 25 Oct, 2014 12:00am
Unrest confined to only 3 districts: Dr Malik

Unrest confined to only 3 districts: Dr Malik

Policies of military dictator Pervez Musharraf had destroyed Balochistan. Unrest was limited to only 3 districts of Balochistan in which foreign hands were involved. Angry Baloch leaders should struggle for their rights under the umbrella of democracy. Th
Published 25 Oct, 2014 12:00am
NAB arrests Modaraba scam accused

NAB arrests Modaraba scam accused

The National Accountability Bureau (NAB) has arrested Umair Ahmed of Fayyazi Industries, Gujranwala Private Limited, in the multi-billion Modaraba scam. An official said the NAB arrested Umair on charges of corruption and cheating the public in Rs 7.5 bil
Published 25 Oct, 2014 12:00am
NAB arrests Modaraba scam accused

NAB arrests Modaraba scam accused

The National Accountability Bureau (NAB) has arrested Umair Ahmed of Fayyazi Industries, Gujranwala Private Limited, in the multi-billion Modaraba scam. An official said the NAB arrested Umair on charges of corruption and cheating the public in Rs 7.5 bil
Published 25 Oct, 2014 12:00am
Senate adjourns to celebrate Diwali

Senate adjourns to celebrate Diwali

The Senate adjourned its session on Friday till Monday a few moments after resumption in a bid to celebrate Diwali with Hindus. PPP Senator Rehman Malik said that as the National Assembly was observing holiday to mark the Diwali, therefore the Senate shou
Published 25 Oct, 2014 12:00am
PDMA expands Jalozai camp to accommodate more IDPs

PDMA expands Jalozai camp to accommodate more IDPs

Provincial Disaster Management Authority (PDMA) has extended the Jalozai Camp to accommodate more displaced people from Bara Khyber Agency, officials said. They stated this during a meeting of the Policy and Strategy Meeting (PSM), chaired by Muhammad Ali
Published 25 Oct, 2014 12:00am
Book building introduced to discover price of particular scrip: SECP

Book building introduced to discover price of particular scrip: SECP

The Securities and Exchange Commission of Pakistan (SECP) has said that the book building system has been introduced in capital market to discover the price of a particular scrip by high net worth individuals and institutions, through a transparent mechan
Published 25 Oct, 2014 12:00am
Mobilink celebrates 'Pinktober'

Mobilink celebrates 'Pinktober'

Mobilink celebrated "Pinktober" as a means to support Pink Ribbon's campaign to increase awareness about Breast Cancer. The iconic Pakistan Monument in Shakarparian, Islamabad was turned pink in support of Breast Cancer Awareness. Across the globe, the mo
Published 25 Oct, 2014 12:00am
Law & order: Malik-Bugti differences major reason

Law & order: Malik-Bugti differences major reason

The tug of war between Chief Minister Balochistan Dr Abdul Malik Baloch and Home Minister Safraz Bugti of Pakistan Muslim League-Nawaz (PML-N) is said to be one of the major reasons behind the provincial government's inability to improve law and order sit
Published 25 Oct, 2014 12:00am
Conference to discuss most pressing macroeconomic issue

Conference to discuss most pressing macroeconomic issue

If the public debt servicing exceeds 30 percent of government revenue, debt becomes unsustainable as it leaves little space for important government expenditures, including basic social services. By this official standard, the public debt in Pakistan, whi
Published 25 Oct, 2014 12:00am
OGDCL: profit after tax reaches record Rs 134 billion level

OGDCL: profit after tax reaches record Rs 134 billion level

The 17th Annual General Meeting (AGM) of OGDCL to review the performance of financial year 2013-2014 and election of new board members held here at a hotel on Friday. It was presided over by Zahid Muzaffar, Chairman of the Board of Director and attended b
Published 25 Oct, 2014 12:00am
Three killed, four injured in Karachi

Three killed, four injured in Karachi

At least three people were killed while four others injured in separate incidents of violence in the city, here on Friday. According to police and rescue sources, Khalil son of Abdul Ghani was shot and killed by unknown men in Chakiwara area of Lyari, in
Published 25 Oct, 2014 12:00am
TACCI terms ERKF project big blessing for FATA SMEs

TACCI terms ERKF project big blessing for FATA SMEs

President, Tribal Area Chamber of Commerce & Industry (TACCI), Shahid-ur-Rehman has termed Economic Revitalisation of Khyber Pakhtunkhwa and FATA (ERKF) project a big blessing for the SMEs of tribal area, saying grant paid under it is non-refundable. He w
Published 25 Oct, 2014 12:00am
Seminar on 'Capitalising the Benefits of GSP Plus'

Seminar on 'Capitalising the Benefits of GSP Plus'

A joint seminar on "Capitalising the Benefits of GSP Plus" was organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) and Pakistan Institute of Trade & Development (PITAD) here at RCCI on Friday. President RCCI Asad Mashadi, Director General
Published 25 Oct, 2014 12:00am
Fazl sees foreign agenda behind Quetta attack

Fazl sees foreign agenda behind Quetta attack

Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Friday urged security agencies to take serious note of Thursday's suicide attack on him in Quetta. "If security institutions consider me a patriotic Pakistani, they should take serious note
Published 25 Oct, 2014 12:00am
CPLC-AVCC team kills two abductors in encounter

CPLC-AVCC team kills two abductors in encounter

A joint team of Citizens Police Liaison Committee (CPLC) and Anti-Violent Crime Cell (AVCC) on Friday killed two accused involved in kidnapping for ransom and killing of a man. According to CPLC spokesman, a man, Iqbal Turabi, was kidnapped on September 3
Published 25 Oct, 2014 12:00am
Altaf for spreading message of love, harmony

Altaf for spreading message of love, harmony

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has said that there is a need to spread the message of love and harmony regardless of political, social and religious affiliations. Addressing the launching ceremony of his book "Philosophy of Love" here
Published 25 Oct, 2014 12:00am
Development of education sector top priority: President

Development of education sector top priority: President

President Mamnoon Hussain on Friday said that development of education sector, especially higher education, is government's top priority. Addressing the 7th convocation of Islamia University, Bahawalpur he said that Pakistani youth are blessed with talent
Published 25 Oct, 2014 12:00am
Eradication of polio top priority: Shahbaz

Eradication of polio top priority: Shahbaz

Punjab CM Muhammad Shahbaz Sharif has said that eradication of Polio from the country is the top priority of the government. The national action plan for elimination of Polio is being effectively implemented and co-operation of international institutions
Published 25 Oct, 2014 12:00am
Super store robbery: officials accused of protecting colleagues

Super store robbery: officials accused of protecting colleagues

Instead of taking stern action against the officials allegedly involved in Super Store robbery on Thursday night, the high-ups in police department are striving to protect their colleagues. According to sources, four policemen robbed over Rs 0.2 million c
Published 25 Oct, 2014 12:00am
Moderate quake hits Malakand

Moderate quake hits Malakand

A moderate earthquake of 5.1 magnitude struck Malakand and the surrounding areas Friday morning. According to National Seismic Monitoring Centre in Islamabad, the epicentre of the quake was in the Hindukush Mountains at the depth of 10 kilometres, Radio P
Published 25 Oct, 2014 12:00am
KP to hold LG polls in March 2015: ECP

KP to hold LG polls in March 2015: ECP

The Election Commission of Pakistan (ECP) on Friday reviewed request of the Khyber Pakhtunkhwa government for holding local government elections and planned to meet all requirements in KP in three phases. According to ECP sources, the elections will be he
Published 25 Oct, 2014 12:00am
Millions will come to Islamabad on November 30, claims Imran

Millions will come to Islamabad on November 30, claims Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan after holding a mammoth rally in Gujrat, congratulated the participants of PTI sit-in at D-chowk that your commitment has awakened the whole nation as people from every nook and corner of the country stoo
Published 25 Oct, 2014 12:00am
World Polio Day observed

World Polio Day observed

'World Polio Day-2014' was observed here on Friday with a firm resolve to continue efforts against the crippling disease so that goal of polio free society could be achieved by eliminating the disease. To mark the day, seminars, walks, symposiums and othe
Published 25 Oct, 2014 12:00am
Brent oil ends week flat, pausing rout, as US contango looms

Brent oil ends week flat, pausing rout, as US contango looms

Brent oil prices fell on Friday but were little changed on the week as traders caught their breath from a months-long rout, even as signs of rising global supply and a US contango structure threatened deeper losses. US crude oil futures, meanwhile, contin
Published 25 Oct, 2014 12:00am
Cotton futures rally as tight nearby supplies lift spot prices

Cotton futures rally as tight nearby supplies lift spot prices

Cotton futures rallied on Friday to a weekly gain fuelled by low inventories in the cash market, with buy-stops fuelling gains. The benchmark December cotton contract on ICE Futures US rose 0.77 cent, or 1.2 percent, at 63.81 cents a lb.
Published 25 Oct, 2014 12:00am
US MIDDAY: gold edges lower

US MIDDAY: gold edges lower

Gold edged lower early on Friday and was set to close down for the week as rallying equity markets and strong US economic data dented demand for the precious metal as an insurance against risk. Sales of new US single-family homes rose to a six-year high i
Published 25 Oct, 2014 12:00am
US MIDDAY: soyabeans retreat

US MIDDAY: soyabeans retreat

US soyabean futures retreated early on Friday after piercing $10 a bushel for the first time in six weeks as forecasts for favourable weather in the United States and Brazil pressured prices. Corn dipped after reaching a two-month high, while wheat edged
Published 25 Oct, 2014 12:00am
Gold down in Europe

Gold down in Europe

Gold edged lower on Friday and was set to close down for the week due to a firm dollar and robust economic data that dented demand for the metal as an insurance against risk. Spot gold was down 0.2 percent at $1,229.07 an ounce by 1451 GMT, after slipping
Published 25 Oct, 2014 12:00am
Gold slips in Asia

Gold slips in Asia

Gold dipped for a third session in a row on Friday and was set to snap a two-week winning streak as a firmer US dollar and robust economic data dented the metal's appeal as a hedge. "Gold prices weakened as positive economic data hurt investor demand," sa
Published 25 Oct, 2014 12:00am
Gold drops in New York

Gold drops in New York

Gold fell around 1 percent on Thursday as stronger-than-expected economic data and upbeat corporate results boosted global equity markets, while the dollar index held near a one-week high and demand for physical metal eased. Spot gold was down 0.9 percent
Published 25 Oct, 2014 12:00am
Coffee hits near four-week low

Coffee hits near four-week low

ICE arabica coffee hit an almost four-week low on Friday and skidded to the biggest weekly loss since May, as rains in Brazil eased worry over crop damage in the world's top producer due to protracted dry weather. Cocoa on ICE Futures US tumbled under har
Published 25 Oct, 2014 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures hit a two-week high on Friday, aided by firmer soy oil prices and with traders expecting prices to remain robust ahead of the onset of the monsoon season. US soyabeans rose above $10 per bushel for the first time in six weeks, b
Published 25 Oct, 2014 12:00am
Soyabeans rally

Soyabeans rally

US soyabean futures rallied more than 3 percent to a five-week high on Thursday on robust export demand and tight cash market supplies, with late-session technical buying adding to gains. Corn futures gained nearly 2 percent and wheat climbed to a 1-1/2 m
Published 25 Oct, 2014 12:00am
Rubber extends gain

Rubber extends gain

Benchmark Tokyo rubber futures hit a seven-week high on Friday, with the gains over the past three weeks totalling nearly 13 percent, as a weaker yen and solid Shanghai market improved investor sentiment for the soft commodity, dealers said. The Tokyo Com
Published 25 Oct, 2014 12:00am
Copper flat

Copper flat

Copper ended almost flat on Friday, under pressure from a fifth straight month of decline in Chinese house prices, with a rise in the euro against the dollar limiting the metal's fall. Three-month copper on the London Metal Exchange closed at $6,690 a ton
Published 25 Oct, 2014 12:00am
Shanghai copper up

Shanghai copper up

The most-traded January copper contract on the Shanghai Futures Exchange rose 0.7 percent to 47,390 yuan ($7,746) on Friday. Prices notched up a 1.7 percent weekly rise, the strongest week since August. In China, copper demand has shown a slight improveme
Published 25 Oct, 2014 12:00am
UN clamps down on Shebab 'lifeline'

UN clamps down on Shebab 'lifeline'

Despite reservations from Russia and Jordan, the UN Security Council on Friday authorised snap inspections off Somalia's coast of ships suspected of carrying charcoal sold by Shebab Islamists. About a third of some $250 million in annual revenue from the
Published 25 Oct, 2014 12:00am
Gunmen kidnap Nigeria oil minister's sister

Gunmen kidnap Nigeria oil minister's sister

The sister of Nigeria's powerful petroleum minister has been kidnapped in the oil hub of Port Harcourt, police said Friday, in the latest abduction targeting a prominent political family. Osio Agama, whose sister Diezani Alison-Madueke leads Africa's larg
Published 25 Oct, 2014 12:00am
French news website unveils confidential EU budget letter

French news website unveils confidential EU budget letter

A confidential letter sent to France by the EU Commission demanding clarifications on its 2015 budget, which will break EU spending rules, was unveiled Friday by news website Mediapart. Paris has said that next year's deficit - the shortfall between reven
Published 25 Oct, 2014 12:00am
Austria finally honours WWII deserters

Austria finally honours WWII deserters

Austria finally got Friday its first monument to the estimated 1,500 people executed by the Nazis for deserting or refusing to fight in World War II, 69 years after the conflict ended. "Everybody should know that when it comes to a brutal and inhuman regi
Published 25 Oct, 2014 12:00am
'Premature' to talk of US troop cuts in Asia: Kerry

'Premature' to talk of US troop cuts in Asia: Kerry

Secretary of State John Kerry said Friday it was too early to discuss cutting the number of US troops stationed in Asia and South Korea, amid increased tensions on the heavily guarded peninsula. The warning came a day after Washington and Seoul agreed to
Published 25 Oct, 2014 12:00am
Israeli troops kill Palestinian teen

Israeli troops kill Palestinian teen

Israeli troops shot dead a Palestinian teenager Friday in a clash with stone-throwing protesters near the West Bank city of Ramallah, Palestinian medical officials and security sources told AFP. They named the dead youth as Orwa Hammad, 17, and said he wa
Published 25 Oct, 2014 12:00am
Snowplough in Total crash reversed into jet's path: probe

Snowplough in Total crash reversed into jet's path: probe

A French investigator who went to Moscow to probe the plane crash that killed Total's chief executive said Friday the snowplough that caused the accident crossed the runway and then mysteriously reversed back into the jet's path. The claim came as a Mosco
Published 25 Oct, 2014 12:00am
US-led aircraft hit IS in Iraq with 12 strikes: Centcom

US-led aircraft hit IS in Iraq with 12 strikes: Centcom

US and allied aircraft pounded the Islamic State group on Thursday and Friday with 12 air strikes in Iraq and six raids near the contested Syrian town of Kobane, the American military said. US Central Command, which is overseeing the air war against the j
Published 25 Oct, 2014 12:00am
New York 'fully prepared' to handle Ebola case

New York 'fully prepared' to handle Ebola case

New York's mayor said America's largest city was fully equipped to handle Ebola as authorities sought to calm fears Friday about the virus spreading, after a doctor tested positive for the disease. Craig Spencer, 33, was in stable condition in isolation a
Published 25 Oct, 2014 12:00am
Italy to open Nero's Golden House for weekend tourists

Italy to open Nero's Golden House for weekend tourists

Italy will open Emperor Nero's Golden House to the public for the first time since 2005, but only on weekends to allow restoration works to continue, Rome's archaeological superintendent said Friday. "We have spent 12 million euros ($15.2 million) over th
Published 25 Oct, 2014 12:00am
Frustration at UN climate talks despite EU deal

Frustration at UN climate talks despite EU deal

A European deal on curbing carbon emissions yielded a rare concrete input Friday to UN climate talks, but did little to ease frustration among negotiators demanding progress on a global pact in Bonn. Sealed at a hard-fought summit in Brussels, the Europea
Published 25 Oct, 2014 12:00am
Pakistan in command despite Warner's century

Pakistan in command despite Warner's century

Pakistan's spin bowlers shared six wickets between them to take control of the first Test against Australia despite a brilliant hundred by David Warner on the third day on Friday. Warner smashed 133 for his ninth Test century and his third in as many inni
Published 25 Oct, 2014 12:00am
Nadal pulls out of Paris Masters for personal reasons

Nadal pulls out of Paris Masters for personal reasons

French Open champion Rafael Nadal has pulled out of the next week's ATP Paris Masters citing personal reasons, the French Tennis Federation (FFT) said Friday. The Spanish world number three is already guaranteed a place in the season-ending World Tour Fin
Published 25 Oct, 2014 12:00am
Murray battles past Anderson into Valencia semis

Murray battles past Anderson into Valencia semis

British number one Andy Murray rallied from a set down to reach the semi-finals of the Valencia Open on Friday with a 6-7 (3/7), 6-4, 6-4 win over South Africa's Kevin Anderson. Murray is hoping to boost his chances of a seventh consecutive appearance in
Published 25 Oct, 2014 12:00am
Jha takes on world's best at 14

Jha takes on world's best at 14

Kanak Jha, an Indian-origin American, on Friday became the youngest ever competitor at the men's table tennis World Cup taking on his idols at the age of just 14. The world number 423 threatened a major upset when he took the first game of his first match
Published 25 Oct, 2014 12:00am
Serena reaches WTA semis, year-end number one

Serena reaches WTA semis, year-end number one

Serena Williams reached the WTA Finals semis and was crowned year-end world number one without picking up a racquet on Friday when results went her way at the season finale in Singapore. The four-time champion was in stark danger of crashing out but she e
Published 25 Oct, 2014 12:00am
Sharapova out of WTA Finals

Sharapova out of WTA Finals

Maria Sharapova finally got a win at the WTA Finals Friday but it wasn't enough to stop her crashing out of the tournament and blowing her opportunity to be crowned year-end world number one. The Russian star needed to beat Agnieszka Radwanska in straight
Published 25 Oct, 2014 12:00am
Misbah backs UNICEF polio drive

Misbah backs UNICEF polio drive

Pakistan cricket captain Misbah-ul Haq Friday pledged his backing to the international bid to rid the world of polio. The United Nations International Children's Emergency Fund (UNICEF) marks Friday as international polio day with Pakistan and Australia c
Published 25 Oct, 2014 12:00am
Zico alleges Pires assaulted in ISL match

Zico alleges Pires assaulted in ISL match

Organisers of India's Super League football tournament were on Friday investigating claims that former French international Robert Pires was punched on the face by a rival coach during a half-time scuffle. The incident reportedly took place during the bre
Published 25 Oct, 2014 12:00am
Keep Qatar World Cup in summer: Euroleagues

Keep Qatar World Cup in summer: Euroleagues

Changing the dates of the 2022 World Cup in Qatar would play havoc with the league programme in Europe, the Association of European Professional Football Leagues (EPFL) said on Friday. The EPFL, holding its General Assembly in Stockholm, expressed its con
Published 25 Oct, 2014 12:00am
Amla-inspired Proteas rout New Zealand to win series

Amla-inspired Proteas rout New Zealand to win series

South Africa crushed New Zealand to claim a 72-run victory in the second one-day international on Friday, inspired by a superb century from opening batsman Hashim Amla. In a see-sawing match, the Proteas initially blunted the Black Caps attack then endure
Published 25 Oct, 2014 12:00am
Serbia awarded Albania win but docked points

Serbia awarded Albania win but docked points

UEFA's disciplinary committee on Friday awarded Serbia a 3-0 victory in their aborted Euro 2016 qualification match with Albania, but deducted them three points. Both the Serbian and Albanian football federations responded by saying they would appeal the
Published 25 Oct, 2014 12:00am
Nasdaq tops earnings expectations

Nasdaq tops earnings expectations

Transatlantic exchange operator Nasdaq OMX Group Inc on Friday reported a higher third-quarter profit, as lower expenses helped offset a decline in revenues driven in part by the impact of foreign exchange rates. Net income attributable to Nasdaq totalled
Published 25 Oct, 2014 12:00am
Pearson reports sliding sales

Pearson reports sliding sales

British publisher Pearson, owner of the Financial Times newspaper, suffered a fall in sales in the first nine months of the year, hit by adverse currency factors, it said on Friday. Sales dropped by six percent in the nine months of 2014, compared with a
Published 25 Oct, 2014 12:00am
Pearson reports sliding sales

Pearson reports sliding sales

British publisher Pearson, owner of the Financial Times newspaper, suffered a fall in sales in the first nine months of the year, hit by adverse currency factors, it said on Friday. Sales dropped by six percent in the nine months of 2014, compared with a
Published 25 Oct, 2014 12:00am
Brazil's jobless rate drops to 4.9 percent in September

Brazil's jobless rate drops to 4.9 percent in September

Brazil's jobless rate fell slightly in September, setting a new record for the month and helping President Dilma Rousseff in a closely fought election campaign just days before the vote. Brazil's non-seasonally adjusted jobless rate fell to 4.9 percent in
Published 25 Oct, 2014 12:00am
P&G to exit Duracell battery business; quarterly sales dip

P&G to exit Duracell battery business; quarterly sales dip

Procter & Gamble Co on Friday said it would sell its Duracell battery business, probably through a split-off into a separate company, as it looks to focus on faster-growing brands. P&G shares rose 3 percent as investors shrugged off a marginal fall in qua
Published 25 Oct, 2014 12:00am
P&G to exit Duracell battery business; quarterly sales dip

P&G to exit Duracell battery business; quarterly sales dip

Procter & Gamble Co on Friday said it would sell its Duracell battery business, probably through a split-off into a separate company, as it looks to focus on faster-growing brands. P&G shares rose 3 percent as investors shrugged off a marginal fall in qua
Published 25 Oct, 2014 12:00am
Bank of Italy sees Q3 GDP contracting slightly

Bank of Italy sees Q3 GDP contracting slightly

Italy's economy is expected to have contracted in the third quarter of the year as international tensions hit the outlook for exports and household and business confidence dimmed, the Bank of Italy said on Thursday. "According to the indicators available
Published 25 Oct, 2014 12:00am
CBOT wheat futures rise to six-week high

CBOT wheat futures rise to six-week high

Wheat futures on the Chicago Board of Trade rose for a third straight session on Thursday, reaching a six-week high on technical buying and spillover strength from surging soy and corn markets, traders said. CBOT December wheat held above support at its 5
Published 25 Oct, 2014 12:00am
No business on grain market

No business on grain market

According to the Wholesale Grain Merchant Grope, no change was seen on the local grain market on Friday due to the death anniversary of Hazrat Umer Farooq (RA).
Published 25 Oct, 2014 12:00am
Prices firm amid active demand on cotton market

Prices firm amid active demand on cotton market

Prices almost held the overnight levels on the cotton market on Friday in the process of active buying by mills and exporters, dealers said. The official spot rate maintained last level at Rs 5,100, they added. In the ready session, around, 20,000 bales o
Published 25 Oct, 2014 12:00am
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