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Print - 2014-11-15
Honda-powered Japan hit Honduras for six

Honda-powered Japan hit Honduras for six

Talisman Keisuke Honda provided the thrust as Japan overpowered Honduras 6-0 on Friday to relieve some of the pressure on coach Javier Aguirre. Honda scored once, set up three more and was by far Japan's most dangerous player in a lopsided game between tw
Published 15 Nov, 2014 12:00am
Two-day South Asia Conclave from November 20

Two-day South Asia Conclave from November 20

With the theme of 'Innovating for Growth,' the second edition of 'South Asia Conclave' is being held here on November 20 & 21. Minister of State & Chairman, Privatisation Commission Mohammad Zubair will be the chairperson for the Conclave, which will be a
Published 15 Nov, 2014 12:00am
Quality skilled manpower: LCCI, Tevta to enhance cooperation

Quality skilled manpower: LCCI, Tevta to enhance cooperation

The Lahore Chamber of Commerce and Industry (LCCI) and Technical Education and Vocational Training Authority (Tevta) agreed to expedite co-operation and co-ordination to ensure provision of quality skilled manpower to the industry. The decision was taken
Published 15 Nov, 2014 12:00am
'Ginners deprive growers by purchasing Phutti at Rs 2,400 per maund'

'Ginners deprive growers by purchasing Phutti at Rs 2,400 per maund'

Central President of Pakistan Kissan Ittehad Khalid Mehmood Khokhar and other members including Qari Yousaf Langarial, Mian Iqbal Arain and Mehr Ashfaq Langarial while addressing a joint press conference here on Friday said that ginners had deprived the g
Published 15 Nov, 2014 12:00am
Zong offers Super 3G coverage across Motorway

Zong offers Super 3G coverage across Motorway

Zong, Pakistan's first and only 3G and 4G telecom network has now become the first to offer its Super 3G services across the country's Motorway. The popularity of Zong's "Super 3G" services can be gauged from the fact that it recently became the first tel
Published 15 Nov, 2014 12:00am
Altaf's worldview highlighted to bring about change

Altaf's worldview highlighted to bring about change

Deputy Convenor of Muttahida Qaumi Movement (MQM) Dr Khalid Maqbool Siddiqui has said that the political ideology of MQM Chief Altaf Hussain is the only source of true change in the country. Talking to the media persons on Friday at the nation-wide launch
Published 15 Nov, 2014 12:00am
KCCI, Ihsan Trust sign MoU

KCCI, Ihsan Trust sign MoU

The Karachi Chamber of Commerce and Industry (KCCI) and Ihsan Trust have signed a Memorandum of Understanding (MoU), which will enable deserving students recommended by KCCI to avail the Qarz-e-Hasna facility of Ihsan Trust on merit-cum-need basis.
Published 15 Nov, 2014 12:00am
Patel Hospital celebrates World Diabetes Day

Patel Hospital celebrates World Diabetes Day

Patel Hospital, Karachi celebrated World Diabetes Day on Friday with the theme "Act Today to Change Tomorrow". A free screening camp for blood sugar testing and an awareness session were arranged at the Department of Physics, University of Karachi. At thi
Published 15 Nov, 2014 12:00am
FBR urged to create level playing field

FBR urged to create level playing field

The Pakistan Steel Re-Rolling Mills Association (PSRMA) has taken strong exception to the allegations made by what it said vested interests in Business Recorder of 11th November, 2014.
Published 15 Nov, 2014 12:00am
Dhoraji Society: Sindh government restrained from taking adverse action

Dhoraji Society: Sindh government restrained from taking adverse action

A division bench of Sindh High Court at Karachi, has restrained the government of Sindh, Registrar Co-operative Housing Societies and Assistant Registrar Co-operative Housing Society-IV from taking any adverse and coercive action against Dhoraji Co-operat
Published 15 Nov, 2014 12:00am
KTBA lambastes FBR for feeble response to IRIS issues

KTBA lambastes FBR for feeble response to IRIS issues

Karachi Tax Bar Association (KTBA) has expressed disenchantment over dilatory attitude shown by Federal Board of Revenue (FBR) to resolve IRIS system issues. In a letter sent to chairman FBR, KTBA lambasted the board for feeble attitude, saying that despi
Published 15 Nov, 2014 12:00am
Anti-polio drive to begin in Thatta from November 24

Anti-polio drive to begin in Thatta from November 24

Additional Deputy Commissioner-II Imran Ali has said that the district administration has finalised all arrangements to carry out a massive three-day polio eradication campaign in 13 union councils of Thatta district. The polio eradication campaign will b
Published 15 Nov, 2014 12:00am
NBP ATM services: suspension notified

NBP ATM services: suspension notified

National Bank of Pakistan Friday announced that its ATM and Call Center Services will be unavailable on Sunday, November 16, 2014 from 12 am to 10 am due to critical maintenance activity. According to Syed Ibn-e-Hassan Vice President/ Divisional Head (A)
Published 15 Nov, 2014 12:00am
Suicide attack on Fazl: JUI-F stages demonstrations in KP

Suicide attack on Fazl: JUI-F stages demonstrations in KP

JUI-F Friday staged province-wide protest rallies against suicide attack on Maulana Fazal-ur-Rehman, negligence in investigation process and not arresting of the culprits. According to media cell of the religious-political party, the protest demonstration
Published 15 Nov, 2014 12:00am
Field formations conveyed: LHC constitutes special tax benches

Field formations conveyed: LHC constitutes special tax benches

The Federal Board of Revenue (FBR) has conveyed to the field formations that the Lahore High Court (LHC) has constituted Special Tax Benches for early hearing of pending tax related cases. It is learnt on Friday that the FBR has issued instructions to the
Published 15 Nov, 2014 12:00am
Form-29: SECP extends deadline to November 18

Form-29: SECP extends deadline to November 18

The Securities and Exchange Commission of Pakistan (SECP) has extended the filing date of Form 29 till Tuesday, November 18. Earlier, the last filing date was November 13 and 14 for the companies, which held their Annual General Meetings (AGM) on October
Published 15 Nov, 2014 12:00am
New SIMs being issued through BVS

New SIMs being issued through BVS

All new SIMs are being issued through Biometric Verification System (BVS) which was implemented on August 1, 2014, across the country, says a press release issued here on Friday. The Pakistan Telecommunication Authority (PTA) has conducted various surveys
Published 15 Nov, 2014 12:00am
PML-Q, too, to hold public rallies in Punjab

PML-Q, too, to hold public rallies in Punjab

In the wake of current political turmoil, leadership of Pakistan Muslim League-Quaid-e-Azam has decided to hold big public rallies across Punjab with a view to revitalising its voters and supporters. The PML-Q leadership is also contemplating supporting t
Published 15 Nov, 2014 12:00am
Prime Minister had no political meeting in London: spokesman

Prime Minister had no political meeting in London: spokesman

Spokesman for the Prime Minister Dr Musadik Malik on Friday clarified that Prime Minister Nawaz Sharif had no political, but official meetings in London. In a statement, the spokesman said the allegations levelled by Pakistan Tehreek-e-Insaf chief Imran K
Published 15 Nov, 2014 12:00am
WBDC holds workshop on photography

WBDC holds workshop on photography

Women Business Development Centre (WBDC) Peshawar has arranged a two-day training workshop on photography for the girls' students from different colleges and universities. The trainer for the workshop was Irfan Ali, who is an engineer by profession but ph
Published 15 Nov, 2014 12:00am
Automobile industry: CCP for ending discretionary control of EDB

Automobile industry: CCP for ending discretionary control of EDB

The Competition Commission of Pakistan (CCP) has strongly recommended ending the discretionary control of Engineering Development Board (EDB) over automobile industry particularly the EDB controls over the materials and components used by the industry etc
Published 15 Nov, 2014 12:00am
KP assembly: joint opposition ends boycott

KP assembly: joint opposition ends boycott

The protesting joint opposition in Khyber Pakhtunkhwa Assembly on Friday ended its boycott of the proceedings of the house after holding negotiations with a delegation of the treasury benches. The joint opposition, comprising members of JUI-F, PML-N, ANP,
Published 15 Nov, 2014 12:00am
Ghani's visit offers rare opportunity to reset ties: speakers

Ghani's visit offers rare opportunity to reset ties: speakers

Afghan President Ashraf Ghani's first state visit to Pakistan, and the accompanying political and security transition in Afghanistan, offer a rare and historic opportunity for both countries to hit reset in relations; this was the conclusion arrived at by
Published 15 Nov, 2014 12:00am
Government to purchase LNG on lowest rate possible, Senate panel told

Government to purchase LNG on lowest rate possible, Senate panel told

The government is trying to bring Liquefied Natural Gas (LNG) from Qatar or any other supplier on minimum possible price and arrangements have been made to take LNG import to 2 Billion Cubic Feet per Day within next 2 years, Secretary Petroleum told Senat
Published 15 Nov, 2014 12:00am
'Black coat symbol of dignity and honour'

'Black coat symbol of dignity and honour'

Justice Manzoor Ahmad Malik of the Lahore High Court has said that black coat is a symbol of dignity and honour for the legal fraternity. He was addressing to the general house meeting of Lahore Bar Association (LBA) at Awan-e-Adal, here on Friday. Justic
Published 15 Nov, 2014 12:00am
'NHA is striving to expand road network'

'NHA is striving to expand road network'

National Highway Authority (NHA)'s Member Operations Arshad Mehmood Chaudhry has said that NHA aims to make its contribution in economic uplift of the country through ensuring a durable and extensive network of highways and motorways in the country. The N
Published 15 Nov, 2014 12:00am
National Assembly panel against GST on agriculture inputs, machinery

National Assembly panel against GST on agriculture inputs, machinery

The National Assembly Standing Committee on National Food Security and Research Friday recommended abolition of General Sales Tax (GST) on agriculture inputs and machinery for decreasing cost of production and providing relief to farmers.
Published 15 Nov, 2014 12:00am
Swiss Consul General visits PCDMA

Swiss Consul General visits PCDMA

Emil Wyss, Consul General of Switzerland visited Pakistan Chemicals & Dyes Merchants Association (PCDMA) on Friday and urged upon the need of frequent dialogue between business communities of two countries to further explore the trade potential.
Published 15 Nov, 2014 12:00am
Construction of jails: LHC seeks report from Punjab government

Construction of jails: LHC seeks report from Punjab government

The Lahore High Court here on Friday sought report from the Punjab government on a petition seeking timely construction of jails and welfare of inmates across the province, within fortnight. Appearing before the court, Deputy Inspector General Prison Muba
Published 15 Nov, 2014 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

Spot gold rallied more than 1 percent early on Friday as investors raced to cover bearish bets after breaking through key support at $1,150 per ounce and as the US dollar pared gains even after better-than-expected US data. Bullion had dropped more than 1
Published 15 Nov, 2014 12:00am
US MIDDAY: wheat at three-month top

US MIDDAY: wheat at three-month top

Chicago Board of Trade wheat rose to a three-month high early on Friday and was on track to post its biggest weekly gain in two years, buoyed by fund buying and worries about a cold spell harming US crop prospects, traders said. Soyabeans fell, led by soy
Published 15 Nov, 2014 12:00am
Gold slides in Europe

Gold slides in Europe

Gold fell more than 1 percent on Friday, breaking below chart support at $1,150 an ounce, as the dollar hit a four-year high against a currency basket after upbeat US retail sales data. The Commerce Department said US retail sales rose 0.5 percent in Octo
Published 15 Nov, 2014 12:00am
Gold falls in Asia

Gold falls in Asia

Gold tumbled 1 percent on Friday and looked likely to finish lower for a third week in four, as a resilient dollar and strong US economic data undercut bullion's appeal as a hedge. Spot gold fell 1 percent to $1,149.56 an ounce before paring some losses t
Published 15 Nov, 2014 12:00am
Gold down in New York

Gold down in New York

Gold fell on Thursday, as another sharp pullback in crude oil prices and improving US jobs data decreased bullion's appeal as a hedge, and continued outflows from gold-backed ETFs suggested the precious metal is susceptible to further losses. Weighing hea
Published 15 Nov, 2014 12:00am
Coffee climbs

Coffee climbs

New York arabica coffee futures rose on technical buying on Friday, while cocoa fell, extending its longest bout of weekly losses since late 2012, on chart weakness and ample supplies in top grower Ivory Coast. Sugar futures eased on lacklustre demand and
Published 15 Nov, 2014 12:00am
Palm oil posts dismal weekly gain

Palm oil posts dismal weekly gain

Malaysian palm oil futures slipped for a third day on Friday as crude prices hit four-year lows, causing palm to shave off gains made earlier in the week, with traders cautious ahead of export data due out in the coming week. "Weakness in crude oil is add
Published 15 Nov, 2014 12:00am
Wheat hits 2-1/2 month high

Wheat hits 2-1/2 month high

Chicago Board of Trade wheat rose for a fourth consecutive session on Thursday, reaching a 2-1/2-month high on short-covering and worries about a cold spell in the United States. Corn neared a four-month high and soyabeans firmed, recouping some of the pr
Published 15 Nov, 2014 12:00am
Rubber drops

Rubber drops

Benchmark Tokyo rubber futures dropped on Friday, retreating from a fresh three-month high on profit-taking ahead of the weekend, but the contract notched a 2.1 percent weekly gain on softer yen and stronger Nikkei amid growing views on a tax hike delay i
Published 15 Nov, 2014 12:00am
Oil bounces up off four-year lows

Oil bounces up off four-year lows

Crude oil rose on Friday on buying support after the longest stretch of weekly losses that took prices to 2011 lows, but oversupply concerns made analysts skeptical of whether the rebound would continue. Benchmark Brent crude rose as traders saw a bargain
Published 15 Nov, 2014 12:00am
Copper gains after strong US data, aluminium down

Copper gains after strong US data, aluminium down

Copper prices rose on Friday as better than expected US and European economic data calmed jitters about a slowdown in global growth, sparking some bearish speculators to buy back positions. Three-month copper on the London Metal Exchange (LME) closed 0.8
Published 15 Nov, 2014 12:00am
Shanghai copper slips

Shanghai copper slips

The most traded January copper contract on the Shanghai Futures Exchange slipped 0.5 percent to 47,160 yuan ($7,696) a tonne on Friday while ShFE zinc fell 1 percent. Jitters about global growth have pushed and pulled copper demand expectations, with wors
Published 15 Nov, 2014 12:00am
French maize harvest, wheat sowing nearly over

French maize harvest, wheat sowing nearly over

Farmers in France, the European Union's largest grain producer, have almost finished harvesting this year's maize crop and sowing wheat for next year's harvest, data from farm office FranceAgriMer showed on Friday. As of November 10, farmers had harvested
Published 15 Nov, 2014 12:00am
ICE cotton hits five-year lows below 60 cents after breaching support

ICE cotton hits five-year lows below 60 cents after breaching support

Cotton futures dropped to the lowest levels since September 2009 on Thursday, tumbling through the key psychological 60-cent level as it extended a rout on a bearish technical outlook and weak demand as harvesting ramps up in key producers. The most-activ
Published 15 Nov, 2014 12:00am
'Systematic problems' threaten US nuclear force: Hagel

'Systematic problems' threaten US nuclear force: Hagel

The US nuclear force is plagued by declining morale, manpower shortages and mismanagement that could jeopardise its safety and effectiveness, Defence Secretary Chuck Hagel said Friday. The Pentagon chief cited sobering results from two reviews and said th
Published 15 Nov, 2014 12:00am
Namibia to be Africa's first to use e-voting

Namibia to be Africa's first to use e-voting

In a first for Africa, Namibians will cast their ballots electronically in this month's presidential and legislative polls, the election commission said Friday. Over 1 million voters, or just about half of the nation's 2.3 million people, are due to vote
Published 15 Nov, 2014 12:00am
Conde Nast to pay $5.8 million to underpaid interns

Conde Nast to pay $5.8 million to underpaid interns

Publisher Conde Nast has agreed to pay $5.8 million to thousands of former interns to settle a class action by two plaintiffs who said they were underpaid while working for the group's magazines. Under the settlement agreement that avoids a trial in US Di
Published 15 Nov, 2014 12:00am
Very few drugs, trial sites in search for Ebola cure: WHO

Very few drugs, trial sites in search for Ebola cure: WHO

Only a handful of drugs could potentially be tested on humans in the search for an Ebola cure, with even fewer sites equipped to host such trials, the World Health Organisation said Friday. The UN health agency briefing came a day after aid agency Doctors
Published 15 Nov, 2014 12:00am
Israel eases Al-Aqsa mosque restrictions

Israel eases Al-Aqsa mosque restrictions

Israel eased restrictions at Jerusalem's Al-Aqsa mosque on Friday after US Secretary of State John Kerry announced an agreement on steps to reduce tensions at the flashpoint compound. The site, holy to both Jews and Muslims, has been the focus of months o
Published 15 Nov, 2014 12:00am
Boko Haram seizes Chibok, hometown of kidnapped schoolgirls

Boko Haram seizes Chibok, hometown of kidnapped schoolgirls

Boko Haram has seized the north-eastern Nigerian town of Chibok, from where 276 girls were kidnapped more than six months ago and which the government vowed to secure after the mass abduction. The April 14 kidnapping in the impoverished town in southern B
Published 15 Nov, 2014 12:00am
IS committing 'crimes against humanity' in Syria: UN

IS committing 'crimes against humanity' in Syria: UN

The Islamic State group is committing crimes against humanity on a large scale in Syria, a UN report said Friday, painting a horrific picture of beheaded minors and women held as sex slaves. In its first report focused on acts by the IS group, the indepen
Published 15 Nov, 2014 12:00am
Moscow accuses OSCE mission of siding with Ukraine

Moscow accuses OSCE mission of siding with Ukraine

Russia on Friday accused OSCE monitors of siding with the Ukrainian authorities, saying their attitude undermined trust in the international security organisation. "Some aspects of the recent work of the OSCE Special Monitoring Mission to Ukraine are a ca
Published 15 Nov, 2014 12:00am
Young girl among six killed in east Ukraine

Young girl among six killed in east Ukraine

A five-year-old girl, a mine company worker and four government soldiers were killed Friday during fighting in war-torn east Ukraine, officials said. The child died and her mother was seriously wounded when rebel mortar fire hit a village near the frontli
Published 15 Nov, 2014 12:00am
Fifteen killed as soldiers, insurgents clash in Philippines

Fifteen killed as soldiers, insurgents clash in Philippines

Fifteen people were killed in heavy fighting between government forces and al Qaeda-linked militants in the southern Philippine jungle on Friday, the military said. Close to 100 ground troops with helicopter support engaged some 300 Abu Sayyaf insurgents
Published 15 Nov, 2014 12:00am
Georgia's flamboyant reformer Kakha Bendukidze dies

Georgia's flamboyant reformer Kakha Bendukidze dies

Georgian statesman Kakha Bendukidze - a top aide to Ukraine's president and a respected champion of economic reforms in his own ex-Soviet republic - has died in London aged 58, supporters said on Friday. British police said Bendukidze was pronounced dead
Published 15 Nov, 2014 12:00am
Pakistan retain under-scrutiny Hafeez for second Test

Pakistan retain under-scrutiny Hafeez for second Test

Pakistan on Friday retained all-rounder Mohammad Hafeez for the second Test against New Zealand despite his bowling action being reported. Hafeez's action was reported as suspect by match officials after the first Test in Abu Dhabi on Thursday, which Paki
Published 15 Nov, 2014 12:00am
Bayern break the one-million shirts record

Bayern break the one-million shirts record

Bundesliga leaders Bayern Munich sold more than a million shirts last season for the first time in the club's history, according to their marketing director Andreas Jung. "Last season, we sold 1.3 million shirts, more than all the other Bundesliga clubs p
Published 15 Nov, 2014 12:00am
Mancini re-appointed Inter coach

Mancini re-appointed Inter coach

Roberto Mancini was confirmed as Inter Milan's new coach on Friday just hours after the struggling Serie A giants sacked Walter Mazzarri. A statement on the club's website, www.inter.it, quoted club president Erick Thohir as saying: "Happy to welcome back
Published 15 Nov, 2014 12:00am
Court names top officials in IPL corruption scandal

Court names top officials in IPL corruption scandal

Indian cricket was thrown into turmoil on Friday when the country's highest court said four top officials, including the sport's world chief Narayanaswami Srinivasan, may have been involved in corruption in the Indian Premier League. The Supreme Court sai
Published 15 Nov, 2014 12:00am
Djokovic seals year-end top spot, makes semi-finals

Djokovic seals year-end top spot, makes semi-finals

Novak Djokovic was at his imperious best as he sealed the year-end world number one spot and advanced to the semi-finals of the ATP Tour Finals with a 6-2, 6-2 thrashing of Tomas Berdych on Friday. Djokovic finishes on top of the rankings for the third ti
Published 15 Nov, 2014 12:00am
CAN 2015 to be held in Equatorial Guinea

CAN 2015 to be held in Equatorial Guinea

The 2015 edition of the Africa Cup of Nations (CAN) will be held in Equatorial Guinea, the Confederation of African Federations (CAF) said Friday. Original hosts Morocco were stripped of hosting rights of the January 17 to February 8 tournament after insi
Published 15 Nov, 2014 12:00am
Awarding World Cup to Qatar 'a mistake': Cantona

Awarding World Cup to Qatar 'a mistake': Cantona

Former France idol Eric Cantona has added his voice to the growing wave of criticism of FIFA's vote to award the 2022 World Cup to Qatar. A day after world football's governing body was thrown into turmoil when its own chief investigator Michael Garcia sl
Published 15 Nov, 2014 12:00am
Teenage spinner gives Bangladesh the edge

Teenage spinner gives Bangladesh the edge

Young leg-spinner Jubair Hossain grabbed a five-wicket haul in only his third Test to hand Bangladesh the advantage in the third and final Test against Zimbabwe in Chittagong on Friday. The 19-year-old finished with 5-96 as Bangladesh, hoping to sweep the
Published 15 Nov, 2014 12:00am
Johnson wins best cricketer of the year award

Johnson wins best cricketer of the year award

Fiery Australian paceman Mitchell Johnson was named cricketer of the year by the International Cricket Council on Friday, matching his countryman Ricky Ponting's feat of winning the award twice. Johnson, 33, spearheaded Australia's attack during a 5-0 Ash
Published 15 Nov, 2014 12:00am
Clarke injured as Australia beat South Africa

Clarke injured as Australia beat South Africa

Australian captain Michael Clarke suffered a worrying recurrence of a hamstring injury as his side beat South Africa by 32 runs in the opening one-day international at Perth's WACA Ground on Friday. After being sent in to bat in the opening encounter of t
Published 15 Nov, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.942 billion as compared to PKR 1.492 billion reported on Wednesday, an increase of 164 percent. The number of lots traded also increased by 155 percent to 23,095 from 9,072. PMEX Co
Published 15 Nov, 2014 12:00am
Japan 'megabanks' post lacklustre profits

Japan 'megabanks' post lacklustre profits

Japan's top three banks have posted lacklustre half-year profit figures as the impact of last year's stock market surge faded and they struggle to boost lending at home. Mitsubishi UFJ, the country's biggest bank, on Friday said its net profit rose to 578
Published 15 Nov, 2014 12:00am
OECD sees plans by G20 nations topping global growth target

OECD sees plans by G20 nations topping global growth target

The OECD said on Friday the plans of G20 nations to boost the world economy could beat their target of adding 2 percentage points to global growth by 2018, though geopolitical risks such as Ukraine and Ebola were mounting. Angel Gurria, the secretary-gene
Published 15 Nov, 2014 12:00am
Airbus profits rise

Airbus profits rise

Airbus Group posted stronger-than-expected nine-month earnings on Friday, muted by a resurgence of potentially costly delays for Europe's A400M troop carrier. Europe's largest aerospace group said nine-month operating earnings before one-off items rose 12
Published 15 Nov, 2014 12:00am
Airbus profits rise

Airbus profits rise

Airbus Group posted stronger-than-expected nine-month earnings on Friday, muted by a resurgence of potentially costly delays for Europe's A400M troop carrier. Europe's largest aerospace group said nine-month operating earnings before one-off items rose 12
Published 15 Nov, 2014 12:00am
ABN Amro to cut up to 1,000 jobs as customers shift online

ABN Amro to cut up to 1,000 jobs as customers shift online

ABN Amro will cut up to 1,000 jobs by 2018 as customers increasingly manage their finances online, part of an overhaul that has helped boost profits and paves the way for the Dutch bank to return to private ownership. Chief Executive Gerrit Zalm had said
Published 15 Nov, 2014 12:00am
US data points to strong spending ahead of holiday shopping frenzy

US data points to strong spending ahead of holiday shopping frenzy

Most US retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace. Other data on Friday showed consumer sentiment rising to a seven-year high this month, als
Published 15 Nov, 2014 12:00am
China's lending drops sharply

China's lending drops sharply

China's bank lending tumbled in October and money supply growth cooled, raising fears of a sharper slowdown in the economy and prompting some economists to urge the government to ratchet up stimulus measures, including cutting interest rates. Chinese bank
Published 15 Nov, 2014 12:00am
Weak growth threatens eurozone sovereign ratings

Weak growth threatens eurozone sovereign ratings

Weak growth and low inflation has put some major euro zone sovereign credit ratings back on shaky ground, threatening the region's recovery from years of crisis. Data on Friday showed the bloc's economy growing just 0.2 percent in the third quarter. "At t
Published 15 Nov, 2014 12:00am
Weak growth threatens eurozone sovereign ratings

Weak growth threatens eurozone sovereign ratings

Weak growth and low inflation has put some major euro zone sovereign credit ratings back on shaky ground, threatening the region's recovery from years of crisis. Data on Friday showed the bloc's economy growing just 0.2 percent in the third quarter. "At t
Published 15 Nov, 2014 12:00am
Moscow gives France until end of November to deliver warship

Moscow gives France until end of November to deliver warship

Russia on Friday warned France of "serious" consequences unless Paris delivers by the end of this month a Mistral-class assault warship whose handover has been delayed by concerns over Moscow's role in the Ukraine crisis, a report said. "We are preparing
Published 15 Nov, 2014 12:00am
Bankers and regulators could be grilled by UK lawmakers over forex fines

Bankers and regulators could be grilled by UK lawmakers over forex fines

British bank executives and regulators could be in line for public grillings following this week's landmark international settlement over allegations of manipulation and collusion in the $5.3 trillion-per-day foreign exchange market. British regulators le
Published 15 Nov, 2014 12:00am
No change on grain market

No change on grain market

According to the Karachi Grain Merchant Group, no change was seen in the rates on the grain market on Friday.
Published 15 Nov, 2014 12:00am
Ginners avoid panic selling after dip in New York cotton futures

Ginners avoid panic selling after dip in New York cotton futures

The ginners refrained from panic selling due to sharp fall in the NY futures, dealers said on the cotton market on Friday. The official spot rate was unchanged at Rs 5,050, they added. In the ready session, around 15,000 bales of cotton changed hands at R
Published 15 Nov, 2014 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 186,233 tonnes of cargo comprising 138,064 tonnes of import cargo and 48,169 tonnes of export cargo including 6,444 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 138
Published 15 Nov, 2014 12:00am
US natural gas futures slump 5 percent

US natural gas futures slump 5 percent

US natural gas futures fell 5 percent on Thursday, the biggest daily decline since February, on forecasts for moderating weather later in November after a cold blast blows through the Midwest and Northeast over the next week or so. Front-month gas futures
Published 15 Nov, 2014 12:00am
US Midwest soyabean bids steady to lower

US Midwest soyabean bids steady to lower

Spot soyabean basis bids were steady to lower around the US Midwest on Thursday as a jump in soyabean futures prices triggered moderate farmer selling that replenished supplies at some processing plants, grain merchants said. Spot corn basis bids held mos
Published 15 Nov, 2014 12:00am
US FOB Gulf corn, soya offers fall

US FOB Gulf corn, soya offers fall

US FOB Gulf basis offers for corn and soyabeans fell after the close on Thursday as farmer movement picked up with this week's futures rally amid dwindling on-farm storage, especially for corn, traders said. Corn and soyabean futures rallied along with wh
Published 15 Nov, 2014 12:00am
CBOT wheat futures up on short-covering

CBOT wheat futures up on short-covering

Wheat futures on the Chicago Board of Trade rose for a fourth straight session on Thursday, with the front contract gaining against back months on short-covering and concerns about crop damage from a US cold spell, traders said. K.C. hard red winter and M
Published 15 Nov, 2014 12:00am
Taylor Swift gives gloomy US album sales a platinum shine

Taylor Swift gives gloomy US album sales a platinum shine

Taylor Swift's "1989," the strongest pop turn for the long-time country singer, roared to the top of the Billboard 200 album chart last Wednesday with the biggest opening week in a dozen years for the declining album sales industry.
Published 15 Nov, 2014 12:00am
The display makes the difference: testing the new iPad Air 2

The display makes the difference: testing the new iPad Air 2

Apple has focused its advertising campaign for the iPad Air 2 on the fact that it is the world's thinnest tablet computer. But a test shows that what impresses isn't so much its size as its powerful display. When the first iPad Air came out a year ago, it
Published 15 Nov, 2014 12:00am
Japan's smartphone 'zombies' wreak havoc on the streets

Japan's smartphone 'zombies' wreak havoc on the streets

When the lights change at the Shibuya crossing in Japan's capital, one of the world's busiest pedestrian thoroughfares, hundreds of people with their eyes glued to smartphones pick their way over the road. Despite being engrossed in the latest instalment
Published 15 Nov, 2014 12:00am
Exploring Robert De Niro's enigmatic playbook

Exploring Robert De Niro's enigmatic playbook

Brilliant, taciturn, droll, intimidating - Robert De Niro is regarded as one of the greatest American actors of all-time and among the most private. US author and film critic Shawn Levy spent four years trying to get a handle on the double Oscar winner wh
Published 15 Nov, 2014 12:00am
BRIDGE NOTES: The last straw

BRIDGE NOTES: The last straw

The fascination of Bridge has many dimensions. But despite all its glossary on the bidding systems, when it comes to the final show down, it is always the dummy play that is the determining factor in the fate of the contract. As such dummy play has its ow
Published 15 Nov, 2014 12:00am
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