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Print - 2014-12-20
US bank Ally Financial exits TARP bailout

US bank Ally Financial exits TARP bailout

US bank Ally Financial, rescued during the 2008 financial crisis, has exited the TARP bailout program, the Treasury Department said Friday. The Treasury said it had sold its remaining stake of 54.9 million shares in Ally for $23.25 per share, gaining $1.3
Published 20 Dec, 2014 12:00am
US bank Ally Financial exits TARP bailout

US bank Ally Financial exits TARP bailout

US bank Ally Financial, rescued during the 2008 financial crisis, has exited the TARP bailout program, the Treasury Department said Friday. The Treasury said it had sold its remaining stake of 54.9 million shares in Ally for $23.25 per share, gaining $1.3
Published 20 Dec, 2014 12:00am
Field offices to remain open today

Field offices to remain open today

The Federal Board of Revenue (FBR) has announced that all field offices will remain opened on Saturday (December 27) from 09:00am to 5:00pm and till 8:00pm on Wednesday (December 31) for collection of duties/taxes from corporate taxpayers. In this regard,
Published 20 Dec, 2014 12:00am
Turkey court releases anti-Erdogan editor, arrests TV chief

Turkey court releases anti-Erdogan editor, arrests TV chief

A Turkish court on Friday ordered the release of an anti-government newspaper editor but remanded the head of a national television network in custody in a controversial case that has strained relations with the European Union. Ekrem Dumanli, the editor-i
Published 20 Dec, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 20, 2014).

Published 20 Dec, 2014 12:00am
Turkey court releases anti-Erdogan editor, arrests TV chief

Turkey court releases anti-Erdogan editor, arrests TV chief

A Turkish court on Friday ordered the release of an anti-government newspaper editor but remanded the head of a national television network in custody in a controversial case that has strained relations with the European Union. Ekrem Dumanli, the editor-i
Published 20 Dec, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Dec, 2014 12:00am
LSM registers 1.95 percent growth in July-October

LSM registers 1.95 percent growth in July-October

The country's Large Scale Manufacturing Industries (LSMI) registered a positive growth of 1.95 percent in July-October 2014-15 over the corresponding period of 2013-14, according to the data released by Pakistan Bureau of Statistics (PBS) on Friday. The P
Published 20 Dec, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Dec, 2014 12:00am
LSM registers 1.95 percent growth in July-October

LSM registers 1.95 percent growth in July-October

The country's Large Scale Manufacturing Industries (LSMI) registered a positive growth of 1.95 percent in July-October 2014-15 over the corresponding period of 2013-14, according to the data released by Pakistan Bureau of Statistics (PBS) on Friday. The P
Published 20 Dec, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 20, 2014).

Published 20 Dec, 2014 12:00am
LSM registers 1.95 percent growth in July-October

LSM registers 1.95 percent growth in July-October

The country''s Large Scale Manufacturing Industries (LSMI) registered a positive growth of 1.95 percent in July-October 2014-15 over the corresponding period of 2013-14, according to the data released by Pakistan Bureau of Statistics (PBS) on Friday. The
Published 20 Dec, 2014 12:00am
The Weather

The Weather

The weather report on Friday (December 20, 2014) and the forecast for Saturday (December 20, 2014).

Published 20 Dec, 2014 12:00am
Boeing subsidies: EU launches new trade dispute with US: WTO

Boeing subsidies: EU launches new trade dispute with US: WTO

The EU launched Friday a fresh trade dispute at the World Trade Organisation, charging that the United States was providing "billions of dollars" in unfair subsidies to help Boeing build its new 777X jet. The European Union said the United States was brea
Published 20 Dec, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 16, 2014.

Published 20 Dec, 2014 12:00am
Boeing subsidies: EU launches new trade dispute with US: WTO

Boeing subsidies: EU launches new trade dispute with US: WTO

The EU launched Friday a fresh trade dispute at the World Trade Organisation, charging that the United States was providing "billions of dollars" in unfair subsidies to help Boeing build its new 777X jet. The European Union said the United States was brea
Published 20 Dec, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 16, 2014.

Published 20 Dec, 2014 12:00am
Boeing subsidies: EU launches new trade dispute with US: WTO

Boeing subsidies: EU launches new trade dispute with US: WTO

The EU launched Friday a fresh trade dispute at the World Trade Organisation, charging that the United States was providing "billions of dollars" in unfair subsidies to help Boeing build its new 777X jet. The European Union said the United States was brea
Published 20 Dec, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 16, 2014.

Published 20 Dec, 2014 12:00am
Maulana Abdul Aziz booked

Maulana Abdul Aziz booked

Islamabad police on Friday registered First Information Report (FIR) against Maulana Abdul Aziz, Khateeb of Lal Masjid. Police sources said that Aabpara police station registered an FIR No 569 under section 506 of Pakistan Penal Code (PPC) against Maulana
Published 20 Dec, 2014 12:00am
Maulana Abdul Aziz booked

Maulana Abdul Aziz booked

Islamabad police on Friday registered First Information Report (FIR) against Maulana Abdul Aziz, Khateeb of Lal Masjid. Police sources said that Aabpara police station registered an FIR No 569 under section 506 of Pakistan Penal Code (PPC) against Maulana
Published 20 Dec, 2014 12:00am
How much real is the anxiety the day after?

How much real is the anxiety the day after?

For too long, the work the government, its agencies and political leadership should have undertaken and finished to confront and control terrorism had been cut out; that the urgency that it should be done was to be dictated by the blood spilt in the class
Published 20 Dec, 2014 12:00am
A new chapter in US-Cuban relations

A new chapter in US-Cuban relations

Catching up with changing political realities, US President Barack Obama has announced a historic change in his country's policy towards Cuba, announcing on Wednesday his decision to restore diplomatic relations between the two countries after a 53-year b
Published 20 Dec, 2014 12:00am
Consequences of false economic promises

Consequences of false economic promises

Every civil servant has unique experiences and those are valid over a wide range of public interest doings and un-doings. We had undergone very rigorous pre-service training that started at 5am and went to late at night where the last event used to be a d
Published 20 Dec, 2014 12:00am
Revamping tax justice system - II

Revamping tax justice system - II

Staff of the Appellate Tribunal. (1) The President shall determine the nature and categories of the officers and other employees required to assist the Appellate Tribunal in the discharge of its functions and provide the Appellate Tribunal with such offic
Published 20 Dec, 2014 12:00am
Stars align to boost modest French recovery hopes

Stars align to boost modest French recovery hopes

The euro has fallen, oil prices have tumbled, and borrowing rates are at record lows: French President Francois Hollande has had much of his economic wishlist granted, and it may just help him kick-start a long-awaited recovery in 2015. Granted, the short
Published 20 Dec, 2014 12:00am
GHQ meeting agrees on decisive action

GHQ meeting agrees on decisive action

It is a matter of great satisfaction that Prime Minister Nawaz Sharif and army chief General Raheel Sharif have decided to take a decisive action against terrorists. Not only is the government, the entire opposition is also expressing a strong resolve to
Published 20 Dec, 2014 12:00am
Multi-billion Modaraba scam: NAB arrests 4 more accused

Multi-billion Modaraba scam: NAB arrests 4 more accused

The National Accountability Bureau (NAB) on Friday claimed to have arrested four more accused in connection with multi-billion Modaraba / Musharaka scam. An official of NAB said that the bureau has arrested Nazir Ahmed, Muhammad Usama Abbasi and Ibrahim A
Published 20 Dec, 2014 12:00am
Mild tremors hit Swat, Chitral

Mild tremors hit Swat, Chitral

A moderate earthquake measuring 4.9 on the Richter Scale hit several northern areas including Swat and Chitral in the wee hours of Friday. No immediate report was received regarding the damage caused by the quake anywhere in the affected region. The jolts
Published 20 Dec, 2014 12:00am
32 percent ST/excise duty on services questioned by Railways

32 percent ST/excise duty on services questioned by Railways

Pakistan Railways has questioned 32 percent sales tax/excise duty on services including 16 percent Federal Excise Duty (FED) and 16 percent provincial sales tax ie double taxation under Federal Excise Act 2005 and Punjab Sales Tax on Services Act 2012.
Published 20 Dec, 2014 12:00am
32 percent ST/excise duty on services questioned by Railways

32 percent ST/excise duty on services questioned by Railways

Pakistan Railways has questioned 32 percent sales tax/excise duty on services including 16 percent Federal Excise Duty (FED) and 16 percent provincial sales tax ie double taxation under Federal Excise Act 2005 and Punjab Sales Tax on Services Act 2012.
Published 20 Dec, 2014 12:00am
ISE launches Online Complaints Filing System

ISE launches Online Complaints Filing System

Islamabad Stock Exchange Limited (ISE) has launched Online Complaints Filing System (OCFS) with the purpose to further streamline the Investor Complaints Handling System. In this regard, a launching ceremony was held at the ISE Auditorium here on Friday,
Published 20 Dec, 2014 12:00am
Experts call for creating knowledge-based IT networks

Experts call for creating knowledge-based IT networks

Experts at a seminar have stressed the need for creating knowledge based networks and working out cost-effective solutions to address the problems of the developing world. They also resolved to direct the efforts of COMSATS' International Thematic Researc
Published 20 Dec, 2014 12:00am
Book of Chinese President launched: Mamnoon lauds Pak-China friendship

Book of Chinese President launched: Mamnoon lauds Pak-China friendship

President Mamnoon Hussain has lauded Pakistan-China friendship and said that "we are truly iron brothers" which have an all-weather friendship. He was speaking as Chief Guest at the launching ceremony of the book, "The Governance of China" by Chinese Pres
Published 20 Dec, 2014 12:00am
Peshawar school attack: World Bank President condoles loss of life

Peshawar school attack: World Bank President condoles loss of life

World Bank President Dr Jim Yong Kim has expressed deepest condolences over this week's tragic loss of children and staff in a terrorist attack on Peshawar's Army Public School. Kim presided over a condolence session, attended by all executive members and
Published 20 Dec, 2014 12:00am
Punjab Assembly condemns Peshawar attack

Punjab Assembly condemns Peshawar attack

Punjab Assembly on Friday offered prayers for the victims of Peshawar school attack. The 11th session of the provincial assembly was chaired by Speaker Rana Muhammad Iqbal. Speaking on the occasion, Minister Raja Ashfaq Sarwar condemned the attack and sai
Published 20 Dec, 2014 12:00am
Protest held in Lahore

Protest held in Lahore

Lawyers and members of civil society on Friday staged a protest demonstration at GPO Chowk against the gory attack on a school in Peshawar. The participants were carrying placards inscribed with slogans against terrorism. They urged the government to deal
Published 20 Dec, 2014 12:00am
Medical colleges of Punjab Winter holidays from today

Medical colleges of Punjab Winter holidays from today

Winter holidays have been announced in King Edward Medical University, University of Health Sciences and all medical colleges of the province from December 20 to January 9, 2015. This decision will also be applicable to private medical colleges. It was de
Published 20 Dec, 2014 12:00am
RCCI, PAJCCI sign MoU

RCCI, PAJCCI sign MoU

During the launching Ceremony of 3rd Made in Pakistan Exhibition & Conference held in Karachi, a Memorandum of Understanding (MoU) was signed between Rawalpindi Chamber of Commerce & Industry (RCCI) and Pakistan Afghanistan Joint Chamber Of Commerce & Ind
Published 20 Dec, 2014 12:00am
Pakistan, Afghanistan agreed on coordinated military action: Aziz

Pakistan, Afghanistan agreed on coordinated military action: Aziz

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz on Friday said that Pakistan and Afghanistan agreed on a coordinated military operation against terrorists during the recent visit of Army Chief General Raheel Sharif to Ka
Published 20 Dec, 2014 12:00am
Martyred schoolchildren: JI Karachi holds prayers

Martyred schoolchildren: JI Karachi holds prayers

The Jamaat-i-Islami (JI) Karachi Chapter on the appeal of JI Pakistan chief Sirajul Haq has organized prayers' congregations for the departed souls in the Peshawar school tragedy in different areas of the metropolis. According to details, the JI Karachi C
Published 20 Dec, 2014 12:00am
Terrorists, murderers deserve no leniency: Baloch

Terrorists, murderers deserve no leniency: Baloch

Secretary General, Jamaat e Islami Liaqat Baloch, has said that the murderers, terrorists and enemies of humanity did not deserve any concession, and the law of the land called for the execution of their death sentence after completion of trial and other
Published 20 Dec, 2014 12:00am
Dense fog disrupts 16 flights, road traffic in Lahore

Dense fog disrupts 16 flights, road traffic in Lahore

The on-going dense fog in the plains of Punjab disrupted 16 domestic and international flights at the International Allama Iqbal Airport, and normal rail and road traffic. The dense haze and murky conditions disrupted arrival and departure of Ittehad airl
Published 20 Dec, 2014 12:00am
Government injects Rs 500 million equity in FWBL

Government injects Rs 500 million equity in FWBL

The Government of Pakistan has released another Rs 500 million as equity in the First Women Bank Ltd (FWBL) to meet the minimum Capital requirement (MCR) of the bank and reinforces commitment/trust in FWBL. The MCR for FWBL was reset in January this year
Published 20 Dec, 2014 12:00am
Railways to run two special winter holidays' trains

Railways to run two special winter holidays' trains

Pakistan Railways has decided to run two special trains keeping in view the rush of passengers because of winter holidays in educational institutions. A spokesman of the Railways said here on Friday that first winter holidays special train would leave Kar
Published 20 Dec, 2014 12:00am
WWFP holds toolkit distribution ceremony

WWFP holds toolkit distribution ceremony

World Wide Fund for Nature-Pakistan (WWF-P) through its Green Skills Project held a ceremony to distribute farmers' toolkits and veterinary toolkits among less privileged farming families. The ceremony was held at Government Degree College for Boys, Rajan
Published 20 Dec, 2014 12:00am
Couple killing: LHC seeks report by December 23

Couple killing: LHC seeks report by December 23

The Lahore High Court here on Friday took notice of killing of a married couple in presence of police and a court bailiff called report from District Police Officer Sheikhupura to till December 23. The LHC took notice of the incident while holding hearing
Published 20 Dec, 2014 12:00am
Scholars, Ulema condemn brutal attack on school

Scholars, Ulema condemn brutal attack on school

Religious scholars and Ulema while addressing the Jummah congregations have strongly condemned the brutal attack and killing of innocent students of Army Public School Peshawar by the terrorists in all city and cant mosques. Islam is a religion of love, p
Published 20 Dec, 2014 12:00am
POSCO scholarship awarded to KU students

POSCO scholarship awarded to KU students

POSCO Asia Fellowship awarded meritorious students of the University of Karachi in a special award ceremony organised by the POSCO TJ Park Foundation and the KU on Friday. POSCO TJ Park Foundation, a global steelmaker POSCO-established non-profit organisa
Published 20 Dec, 2014 12:00am
PPMA resents action against two drug manufacturers

PPMA resents action against two drug manufacturers

Pakistan Pharmaceutical Manufacturing Association (PPMA) has taken strong exception of action taken by health personnel against two drug manufacturers apart from arresting their owners. PPMA in a meeting here on Friday warned that if violation of drug act
Published 20 Dec, 2014 12:00am
Workshop

Workshop

A five-day Integrated Water Resource Modelling Workshop with an objective to further strengthen the exceptional tradition of water management in Pakistan concluded here on Friday. The workshop was organized on behalf of the Australian Government by the Co
Published 20 Dec, 2014 12:00am
Two MQM office-bearers: Shahbaz pledges to arrest murderers

Two MQM office-bearers: Shahbaz pledges to arrest murderers

A 4-member delegation led by president MQM Punjab Mian Atiq met Punjab Chief Minister Muhammad Shahbaz Sharif, here Friday. Member National Assembly of MQM Sajid Ahmed, Member Markazi Rabita Committee Gul Faraz Khattak and zonal head of North Punjab Atiq
Published 20 Dec, 2014 12:00am
Bangladeshi, Italian envoys Consular Corps bids farewell

Bangladeshi, Italian envoys Consular Corps bids farewell

The Consular Corps in Karachi bids farewell to the Deputy High Commissioner of Bangladesh Ruhul Alam Siddique and the Italian Consul Roberto Franceschinis. The reception to present the silver tray to the envoys was hosted by the Consul General of Malaysia
Published 20 Dec, 2014 12:00am
First-ever animated movie '3-Bahadur' set for release

First-ever animated movie '3-Bahadur' set for release

English Biscuit Manufacturers (Pvt) Limited (EBM) is the lead sponsor of Pakistan's first-ever feature length animated film '3-Bahadur', produced by Waadi Animations. 3-Bahadur, energised by Peek Freans Gluco, is set for release in the summer of 2015.
Published 20 Dec, 2014 12:00am
Anti-Taliban fight 'un-Islamic': Maulana Aziz

Anti-Taliban fight 'un-Islamic': Maulana Aziz

The head of a hard-line Islamabad mosque Friday called an army offensive against the Taliban "un-Islamic" and said the militants' massacre of 133 children was in retaliation for air strikes against them. The Tehreek-e-Taliban Pakistan (TTP), claimed the a
Published 20 Dec, 2014 12:00am
Bilawal shocked over Peshawar attack

Bilawal shocked over Peshawar attack

Pakistan Peoples Party Chairman Bilawal Bhutto Zardari, says he has been in shock since terror attack at Peshawar army school which left 141 people dead. "The horrific attack by the Taliban on our nation's children in Peshawar has left me speechless. I am
Published 20 Dec, 2014 12:00am
Reap chief hails Imran for ending sit-in

Reap chief hails Imran for ending sit-in

Chairman Reap Rafique Suleman and former chairman Reap Abdul Rahim Janoo said Pakistan Tehrik-e-Insaf Chief Imran Khan has done best decision in national vanity and now hope of ray has been seen that obstacles would be removed in the way of development of
Published 20 Dec, 2014 12:00am
PU postpones exams, convocation & entry test

PU postpones exams, convocation & entry test

Punjab University has postponed all the examinations already scheduled and entry test for admission to MBA Evening programme in Hailey College of Banking and Finance. Meanwhile, PU's mega event of 123rd Convocation which was scheduled to be held on Saturd
Published 20 Dec, 2014 12:00am
Swiss envoy urges businessmen to enhance exports

Swiss envoy urges businessmen to enhance exports

Consul General of Switzerland Emil Wyss has said that Switzerland considered Pakistan as the priority country for trade. Speaking at a meeting of Site Association of Industry (SAI), he said that economic relations between Pakistan and Switzerland are deep
Published 20 Dec, 2014 12:00am
TTP commander among eight militants killed in Ziarat

TTP commander among eight militants killed in Ziarat

At least eight suspected militants including a local Tehreek-i-Taliban Pakistan (TTP) commander were killed by security forces in Ziarat district here on Friday morning. According to security sources, an operation was conducted in the Chotair area of Ziar
Published 20 Dec, 2014 12:00am
61 banned outfits still operating, challenging writ of state

61 banned outfits still operating, challenging writ of state

As many as 61 banned outfits are working in different parts of the country with new names; though they all claim to be peaceful and boast themselves as charitable organisations. Official documents available with Business Recorder reveal that almost
Published 20 Dec, 2014 12:00am
Attack on school slated in Friday congregations

Attack on school slated in Friday congregations

Special prayers were offered during Friday congregations in almost all mosques of the city for the victims of Tuesday's terrorist attack on Peshawar's Army Public School and College. Imams of various mosques in their Friday sermons strongly condemned the
Published 20 Dec, 2014 12:00am
Moment of truth and accountability has arrived: Shahbaz

Moment of truth and accountability has arrived: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said the day of accountability of terrorists has come and the blood of martyrs will not go waste. "Terrorists will be held accountable for every drop of blood of innocent children and their teachers and will be awa
Published 20 Dec, 2014 12:00am
Seminar by SAFMA: speakers condemn attack on Peshawar school

Seminar by SAFMA: speakers condemn attack on Peshawar school

Representatives of the civil society and concerned citizens vehemently condemn the barbaric massacre of the students and teaching staff of Peshawar public school. They expressed these views while addressing a seminar organized by South Asian Free Media As
Published 20 Dec, 2014 12:00am
APS tragedy unites nation against terrorism: Pervez

APS tragedy unites nation against terrorism: Pervez

Former Chief Minister Punjab, Chaudhry Pervez Elahi has said that the tragedy of Army Public School (APS) has united the whole nation against the terrorism. Addressing a news conference here in Peshawar Press Club (PPC) Friday, he said that the whole nati
Published 20 Dec, 2014 12:00am
Quran Khawani held at PAF bases

Quran Khawani held at PAF bases

A Quran Khawani was held on Friday at all the PAF Bases for the Martyrs of Army Public School Peshawar. According to the PAF Spokesperson here, the Quran Khawani was arranged by Pakistan Air Force Women Association (PAFWA).
Published 20 Dec, 2014 12:00am
Weekly SPI inflation up by 0.94 percent

Weekly SPI inflation up by 0.94 percent

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.94 percent during the week ended December 18. The provisional data, released by Pakistan Bureau of Statistics, shows that the SPI for the week under review was recorded at 211.71 points a
Published 20 Dec, 2014 12:00am
PESCO line losses soar by three percent

PESCO line losses soar by three percent

Meeting of the Board of Directors Pesco held here at WAPDA House with Malik Muhammad Asad Khan Chairman BoD in the chair today expressed concern over rise in line losses by three percent during the period January-December 2014. CEO Pesco Syed Hassan Fazil
Published 20 Dec, 2014 12:00am
KP IGP for enhancing security of sensitive places

KP IGP for enhancing security of sensitive places

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani has directed police high ups to further enhance the security of sensitive and vulnerable establishments and places and take action with well calculated plan on intelligence alert.
Published 20 Dec, 2014 12:00am
There's no room for terrorists, says President

There's no room for terrorists, says President

President Mamnoon Hussain has said that there is no room for terrorists in the country and the whole nation stand shoulder-to-shoulder with the security forces to eradicate the menace of terrorism from Pakistan once and for all. The President expressed th
Published 20 Dec, 2014 12:00am
Martyred APS principal deserves national award: KP Governor

Martyred APS principal deserves national award: KP Governor

KP Governor Sardar Mahtab Ahmad Khan has said that the martyred principal of Army Public School Tahira Qazi deserves a national award to acknowledge her brave struggle to protect the students while head on confronting terrorists attack at the school and h
Published 20 Dec, 2014 12:00am
PC, Marriott hotels hold Quran Khawani

PC, Marriott hotels hold Quran Khawani

The Chairman and Founder of Hashoo Group Sadruddin Hashwani has strongly condemned the barbarian and inhumane attack on innocent students and teachers of Army Public School, Peshawar and expressed his solidarity with the grieved families. In his message a
Published 20 Dec, 2014 12:00am
Egypt condemns attack

Egypt condemns attack

The spokesperson of the Ministry of Foreign Affairs of the Arab Republic of Egypt expressed Egypt's strong condemnation against the terrorist attack on Army Public School in Peshawar which caused the death of over 130 students.
Published 20 Dec, 2014 12:00am
FTSE set for biggest weekly rise in two years

FTSE set for biggest weekly rise in two years

Britain's top equity index headed to its biggest weekly gain in two years on Friday, led by recent laggards such as insurer Aviva and Tullow Oil as analysts recommended snapping up battered shares after a recent selloff. Fund managers and traders cited a
Published 20 Dec, 2014 12:00am
Abidal retires for 'strictly personal reasons'

Abidal retires for 'strictly personal reasons'

Former France international defender Eric Abidal announced his retirement on Friday for "strictly personal reasons". But the 35-year-old former Barcelona star, who returned to playing football after undergoing a liver transplant, told an emotional press c
Published 20 Dec, 2014 12:00am
Aussies edge ahead of India with Smith ton

Aussies edge ahead of India with Smith ton

India were fighting back after Australia gained a 97-run innings lead on the back of another century from new skipper Steve Smith and a wagging tail in the second Gabba Test on Friday. The tourists had cut the deficit back to 26 runs by the close on the t
Published 20 Dec, 2014 12:00am
Suspended Ajmal hopeful of return after first bowl

Suspended Ajmal hopeful of return after first bowl

Ace Pakistan spinner Saeed Ajmal Friday said he is confident of a comeback at international level after bowling for the first time with a remodelled action, three months after his suspension. The 37-year-old bowled six overs for 23 runs and took one wicke
Published 20 Dec, 2014 12:00am
'Earthquake' needed to change World Cup hosts: Blatter

'Earthquake' needed to change World Cup hosts: Blatter

FIFA will release an "appropriate" version of a report into alleged corruption surrounding the 2018 and 2022 World Cups but president Sepp Blatter on Friday ruled out moving the tournaments from Russia and Qatar. The wealthy Gulf state of Qatar has faced
Published 20 Dec, 2014 12:00am
Cook set to be axed as England's World Cup captain

Cook set to be axed as England's World Cup captain

Alastair Cook is set to be dismissed as captain of England's one-day team ahead of the World Cup after the opener's miserable run of form, according to reports on Friday. Cook has scored just one fifty in his last 22 one-day innings for England and he has
Published 20 Dec, 2014 12:00am
Philander pushes West Indies closer to defeat

Philander pushes West Indies closer to defeat

Vernon Philander was the main destroyer as the West Indian batting crumbled on the third day of the first Test against South Africa at SuperSport Park on Friday. Philander took four for 29 as the West Indies were bowled out for 201 and forced to follow on
Published 20 Dec, 2014 12:00am
I'm waiting for a call: Pietersen

I'm waiting for a call: Pietersen

Exiled England star Kevin Pietersen on Friday said he would consider any offer to return as England selectors met to decide which players are set for World Cup duty. Pietersen was dropped from the squad by the England and Wales Cricket board in February a
Published 20 Dec, 2014 12:00am
Australian and New Zealand dollar get reprieve

Australian and New Zealand dollar get reprieve

The Australian and New Zealand dollars came up for air on Friday, underpinned by gains on the Swiss franc and euro and an improved view on risk assets as Wall Street surged. The Australian dollar was up at around $0.8169, from a low of $0.8117 on Thursday
Published 20 Dec, 2014 12:00am
Sterling near one-month high against euro

Sterling near one-month high against euro

Sterling edged down against the dollar bur hovered near a five-week high versus the euro on Friday, as the prospect of full-scale quantitative easing in the euro zone looked all but certain. Reuters reported on Friday that European Central Bank officials
Published 20 Dec, 2014 12:00am
Yuan falls

Yuan falls

China's currency is on track for its third biggest weekly loss against the dollar this year as a resurgent greenback finally caught up with the renminbi in the Asian currency complex. In early trades on Friday, the yuan fell quickly past a key technical l
Published 20 Dec, 2014 12:00am
Most Asian currencies up

Most Asian currencies up

Most emerging Asian currencies were steady to slightly higher on Friday, supported by improving risk appetites, with the Indonesian rupiah continuing to stabilise after its selloff early this week. Market sentiment toward emerging market (EM) currencies s
Published 20 Dec, 2014 12:00am
Sri Lankan rupee forwards steady

Sri Lankan rupee forwards steady

Sri Lankan rupee forwards closed steady for a fifth straight session on Friday, as the central bank capped trading at 132.00 per dollar through moral suasion. The four-day forwards or spot-next-next, which were actively traded, closed at 131.98/132.02 per
Published 20 Dec, 2014 12:00am
Canadian dollar gains

Canadian dollar gains

The Canadian dollar strengthened against its US counterpart on Thursday as market appetite for riskier assets got a lift from the US Federal Reserve's latest policy comments, while a short-lived rebound in oil prices gave it an early-day boost. The Canadi
Published 20 Dec, 2014 12:00am
Dollar surges in wake of Fed, Swiss rate move

Dollar surges in wake of Fed, Swiss rate move

The US dollar rose against major currencies for a second straight session on Thursday in the wake of the Federal Reserve's signals that it could hike rates soon and looser monetary policy overseas. The greenback hit a 28-month high against the Swiss franc
Published 20 Dec, 2014 12:00am
Early trade in New York: Dollar rises against major currencies

Early trade in New York: Dollar rises against major currencies

The US dollar rose against major currencies for a third straight session on Friday on diverging monetary policy between the Federal Reserve and other major central banks. The euro hovered near a 28-month low against the greenback, while the dollar touched
Published 20 Dec, 2014 12:00am
Euro heads lower to 28-month lows in London

Euro heads lower to 28-month lows in London

The euro fell towards recent 28-month lows against the dollar on Friday, as the European Central Bank moved towards a fully-fledged government buying programme to kick-start the economy. Reuters reported on Friday that ECB officials were considering ways
Published 20 Dec, 2014 12:00am
Yen slips against dollar, euro in Asia

Yen slips against dollar, euro in Asia

The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited a press conference by the head of the Bank of Japan after the central bank held policy steady. The dollar added about 0.4 percent against the y
Published 20 Dec, 2014 12:00am
Indian rupee weakens

Indian rupee weakens

Indian bonds and the rupee weakened on Friday to post their worst weekly falls since August as sentiment remained subdued after a volatile week marked by concerns about financial contagion from the tumbling Russian rouble. Although hopes the US Federal Re
Published 20 Dec, 2014 12:00am
Thursday's early trade: stocks advance modestly

Thursday's early trade: stocks advance modestly

US stocks advanced modestly on Friday, extending gains after the best two-day run for the benchmark S&P 500 in three years was sparked by the Federal Reserve's most recent policy statement. The S&P had climbed 4.5 percent over the previous two sessions, s
Published 20 Dec, 2014 12:00am
Southeast Asian markets mostly end stronger

Southeast Asian markets mostly end stronger

Most Southeast Asian stock markets rose on Friday as the US Federal Reserve's pledge to be "patient" about hiking interest rates continued to boost sentiment. The Fed's signal "continues to be the positive catalyst that supports the global market rally,"
Published 20 Dec, 2014 12:00am
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