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Print - 2014-12-28
'Educate a Girl' initiative: 500 vocational scholarships celebrated

'Educate a Girl' initiative: 500 vocational scholarships celebrated

'Educate a Girl', an initiative of Dawood Global Foundation, celebrated 500 vocational scholarships funded for deserving girls in Pakistan to become journalists, as part of their mission to educate 1,000 girls. Swiss Consul General to Karachi Emil Wyss, w
Published 28 Dec, 2014 12:00am
Directives to accelerate registration process of blood banks

Directives to accelerate registration process of blood banks

Secretary Health Punjab Jawad Raffique Malik has directed the concerned authorities to accelerate the process of registration of blood banks to ensure provision of healthy and screened blood to the patients. He further directed that campaign should be lau
Published 28 Dec, 2014 12:00am
Gunmen kill farmer

Gunmen kill farmer

Gunmen on Saturday shot dead a farmer from the Ahmadi community, police and a spokesman said. The farmer, 25, was hit by a single bullet in his head and died on the spot, Rohail Sabir, a senior police official in Gujranwala told AFP. Police are investigat
Published 28 Dec, 2014 12:00am
Journalists' team meets Punjab chief minister

Journalists' team meets Punjab chief minister

A delegation of journalists led by President of Lahore Press Club, Arshad Ansari met Punjab Chief Minister Shahbaz Sharif on Saturday. Development of Journalists' colony Lahore and problems being faced by journalists community were discussed during the me
Published 28 Dec, 2014 12:00am
Benazir Bhutto's death anniversary observed in Multan

Benazir Bhutto's death anniversary observed in Multan

The seventh death anniversary of Mohtarma Benazir Bhutto was observed here on Saturday. Quran Khawani and Fateha Khawani was organised by the PPP Multan city and District, Peoples' Lawyers Forum, Peoples' Youth Organisation, PPP (Women Wing) and PSF.
Published 28 Dec, 2014 12:00am
Calling Madressah students as terrorists not right: Shujaat

Calling Madressah students as terrorists not right: Shujaat

Pakistan Muslim League-Q (PML-Q) President and former Prime Minister Senator Chaudhry Shujaat Hussain has said that when he was interior minister, a report regarding all Madaressah within Pakistan was compiled within one month, according to which there wa
Published 28 Dec, 2014 12:00am
Police mobile attacked

Police mobile attacked

A police mobile came under attack near Jail Chawrangi on late Saturday night. According to police sources, unidentified assailants hurled a hand grenade at the police mobile, injuring a police constable. The injured cop was rushed to a hospital for treatm
Published 28 Dec, 2014 12:00am
Energy project: Shahbaz welcomes Chinese firm's interest

Energy project: Shahbaz welcomes Chinese firm's interest

Senior officials of a Chinese company met Punjab CM Muhammad Shahbaz Sharif, here today and expressed interest in setting up the project for generating energy through LNG in Punjab. Speaking on the occasion, CM said that speedy measures are being taken fo
Published 28 Dec, 2014 12:00am
Steps to promote Canada-Punjab bilateral trade discussed

Steps to promote Canada-Punjab bilateral trade discussed

With a view to discuss the initiatives to promote bilateral trade between Canada and Punjab, a high-level strategic meeting of representatives of Canada Pakistan Business Council (CPBC) and Punjab Board of Investment and Trade (PBIT) held here on Saturday
Published 28 Dec, 2014 12:00am
Demerger of project: Hubco given tax exemption

Demerger of project: Hubco given tax exemption

The government has given tax exemption to Hub Power Company (Hubco) on demerger of Hubco Narowal Project after the latter pleaded that the company''''s cash flow and profit would decline significantly and it would not have sufficient funds for conversion
Published 28 Dec, 2014 12:00am
Demerger of project: Hubco given tax exemption

Demerger of project: Hubco given tax exemption

The government has given tax exemption to Hub Power Company (Hubco) on demerger of Hubco Narowal Project after the latter pleaded that the company''s cash flow and profit would decline significantly and it would not have sufficient funds for conversion of
Published 28 Dec, 2014 12:00am
Demerger of project: Hubco given tax exemption

Demerger of project: Hubco given tax exemption

The government has given tax exemption to Hub Power Company (Hubco) on demerger of Hubco Narowal Project after the latter pleaded that the company's cash flow and profit would decline significantly and it would not have sufficient funds for conversion of
Published 28 Dec, 2014 12:00am
Demerger of project: Hubco given tax exemption

Demerger of project: Hubco given tax exemption

The government has given tax exemption to Hub Power Company (Hubco) on demerger of Hubco Narowal Project after the latter pleaded that the company's cash flow and profit would decline significantly and it would not have sufficient funds for conversion of
Published 28 Dec, 2014 12:00am
K-Electric to slash tariff by Rs 1.64 per unit

K-Electric to slash tariff by Rs 1.64 per unit

The National Electric Power Regulatory Authority (Nepra) on Saturday approved a request of K-Electric to reduce power tariff by Rs 1.64 per unit for its consumers. Nepra has approved the request of K-Electric Company to reduce power tariff by Rs 1.64/unit
Published 28 Dec, 2014 12:00am
K-Electric to slash tariff by Rs 1.64 per unit

K-Electric to slash tariff by Rs 1.64 per unit

The National Electric Power Regulatory Authority (Nepra) on Saturday approved a request of K-Electric to reduce power tariff by Rs 1.64 per unit for its consumers. Nepra has approved the request of K-Electric Company to reduce power tariff by Rs 1.64/unit
Published 28 Dec, 2014 12:00am
K-Electric to slash tariff by Rs 1.64 per unit

K-Electric to slash tariff by Rs 1.64 per unit

The National Electric Power Regulatory Authority (Nepra) on Saturday approved a request of K-Electric to reduce power tariff by Rs 1.64 per unit for its consumers. Nepra has approved the request of K-Electric Company to reduce power tariff by Rs 1.64/unit
Published 28 Dec, 2014 12:00am
60 militants killed in Orakzai Agency: ISPR

60 militants killed in Orakzai Agency: ISPR

As many as 60 militants were killed in air and ground offensive of armed forces after terrorists attacked army checkposts in the volatile north-west tribal region. Militants attacked checkposts in Shindara and Khazana Kandao in Orakzai Agency near the Afg
Published 28 Dec, 2014 12:00am
60 militants killed in Orakzai Agency: ISPR

60 militants killed in Orakzai Agency: ISPR

As many as 60 militants were killed in air and ground offensive of armed forces after terrorists attacked army checkposts in the volatile north-west tribal region. Militants attacked checkposts in Shindara and Khazana Kandao in Orakzai Agency near the Afg
Published 28 Dec, 2014 12:00am
Poroshenko hails Ukraine 'warriors' freed by rebels

Poroshenko hails Ukraine 'warriors' freed by rebels

Ukrainian President Petro Poroshenko on Saturday welcomed home as heroes 145 soldiers freed by pro-Russian rebels during the largest prisoner swap of the eight-month separatist war. The Western-backed leader, beaming and wearing a black bomber jacket, wal
Published 28 Dec, 2014 12:00am
Poroshenko hails Ukraine 'warriors' freed by rebels

Poroshenko hails Ukraine 'warriors' freed by rebels

Ukrainian President Petro Poroshenko on Saturday welcomed home as heroes 145 soldiers freed by pro-Russian rebels during the largest prisoner swap of the eight-month separatist war. The Western-backed leader, beaming and wearing a black bomber jacket, wal
Published 28 Dec, 2014 12:00am
Japan approves $29 billion stimulus package

Japan approves $29 billion stimulus package

The cabinet of Japanese Prime Minister Shinzo Abe approved a fresh stimulus package worth $29 billion Saturday in a bid to boost the economy, hit hard by a tax hike. The 3.5-trillion-yen package is designed to help the provincial economy, small businesses
Published 28 Dec, 2014 12:00am
Japan approves $29 billion stimulus package

Japan approves $29 billion stimulus package

The cabinet of Japanese Prime Minister Shinzo Abe approved a fresh stimulus package worth $29 billion Saturday in a bid to boost the economy, hit hard by a tax hike. The 3.5-trillion-yen package is designed to help the provincial economy, small businesses
Published 28 Dec, 2014 12:00am
Japan approves $29 billion stimulus package

Japan approves $29 billion stimulus package

The cabinet of Japanese Prime Minister Shinzo Abe approved a fresh stimulus package worth $29 billion Saturday in a bid to boost the economy, hit hard by a tax hike. The 3.5-trillion-yen package is designed to help the provincial economy, small businesses
Published 28 Dec, 2014 12:00am
Huge ammunition found: two militants blow themselves up

Huge ammunition found: two militants blow themselves up

Two militants blew themselves up when FC and secret agencies jointly carried out a raid near Sabakzai Dam in Zhob, sources said. According to sources, a huge cache of arms was also seized in the raid. Eight hundred locally-made bombs, 50 landmines, 200 ki
Published 28 Dec, 2014 12:00am
Huge ammunition found: two militants blow themselves up

Huge ammunition found: two militants blow themselves up

Two militants blew themselves up when FC and secret agencies jointly carried out a raid near Sabakzai Dam in Zhob, sources said. According to sources, a huge cache of arms was also seized in the raid. Eight hundred locally-made bombs, 50 landmines, 200 ki
Published 28 Dec, 2014 12:00am
Miscreants to be dealt with an iron hand: Prime Minister

Miscreants to be dealt with an iron hand: Prime Minister

Prime Minister Nawaz Sharif said here on Saturday that the government has resolved to deal with miscreants with an iron hand. Moreover, the government is also committed to taking all necessary steps to ensure that blood spilled in the Peshawar carnage wil
Published 28 Dec, 2014 12:00am
Miscreants to be dealt with an iron hand: Prime Minister

Miscreants to be dealt with an iron hand: Prime Minister

Prime Minister Nawaz Sharif said here on Saturday that the government has resolved to deal with miscreants with an iron hand. Moreover, the government is also committed to taking all necessary steps to ensure that blood spilled in the Peshawar carnage wil
Published 28 Dec, 2014 12:00am
Pakistan defends decision

Pakistan defends decision

Pakistan on Saturday defended lifting moratorium on death penalty in terrorism related cases, saying that the country is facing 'difficult circumstances.' 'Unusual situations demand extraordinary measures to cope with the challenges,' the prime minister s
Published 28 Dec, 2014 12:00am
Pakistan defends decision

Pakistan defends decision

Pakistan on Saturday defended lifting moratorium on death penalty in terrorism related cases, saying that the country is facing 'difficult circumstances.' 'Unusual situations demand extraordinary measures to cope with the challenges,' the prime minister s
Published 28 Dec, 2014 12:00am
UN urges government to halt executions

UN urges government to halt executions

UN chief Ban Ki-moon is pressing Pakistan to end capital punishment and restore a moratorium on the death penalty the government lifted in terror cases following a Taliban school massacre. Ban spoke with Prime Minister Nawaz Sharif on Thursday to express
Published 28 Dec, 2014 12:00am
UN urges government to halt executions

UN urges government to halt executions

UN chief Ban Ki-moon is pressing Pakistan to end capital punishment and restore a moratorium on the death penalty the government lifted in terror cases following a Taliban school massacre. Ban spoke with Prime Minister Nawaz Sharif on Thursday to express
Published 28 Dec, 2014 12:00am
Legislation may hit snags

Legislation may hit snags

The government is likely to convene a session of the National Assembly on January 5 to get a legislation passed for the establishment of army-led military special courts to try militants. An official of parliament told Business Recorder on Saturday
Published 28 Dec, 2014 12:00am
Legislation may hit snags

Legislation may hit snags

The government is likely to convene a session of the National Assembly on January 5 to get a legislation passed for the establishment of army-led military special courts to try militants. An official of parliament told Business Recorder on Saturday
Published 28 Dec, 2014 12:00am
The Weather

The Weather

The weather report on Saturday (December 27, 2014) and the forecast for Sunday (December 28, 2014).

Published 28 Dec, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 27, 2014).

Published 28 Dec, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 27, 2014).

Published 28 Dec, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (December 27, 2014) and for Sunday (December 28, 2014).
Published 28 Dec, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 27, 2014)

Published 28 Dec, 2014 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 27, 2014).

Published 28 Dec, 2014 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (December 27, 2014).

Published 28 Dec, 2014 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 27, 2014).

Published 28 Dec, 2014 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 27, 2014).

Published 28 Dec, 2014 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 27, 2014).

Published 28 Dec, 2014 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Firmness prevailed on the local currency market on Saturday as rupee did not show any change versus the dollar in the process of trading, dealers said. The rupee depicted no change in terms of the dollar for buying and selling at Rs 100.70 and Rs 100.90 r
Published 28 Dec, 2014 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Firmness prevailed on the local currency market on Saturday as rupee did not show any change versus the dollar in the process of trading, dealers said. The rupee depicted no change in terms of the dollar for buying and selling at Rs 100.70 and Rs 100.90 r
Published 28 Dec, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 27, 2014).

Published 28 Dec, 2014 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (December 27, 2014).

Published 28 Dec, 2014 12:00am
Asian coffee market slows, global price falls

Asian coffee market slows, global price falls

Asia's coffee market slowed this week as Vietnam held back its fresh stocks following global price falls while Indonesian exporters were not keen on nearby shipment, waiting for the next harvest to peak in March, traders said on Thursday. London's March r
Published 28 Dec, 2014 12:00am
Indian oilseeds, soyaoil jump as government raises import duty

Indian oilseeds, soyaoil jump as government raises import duty

Indian oilseeds and soyaoil futures jumped on Friday after the government raised import duties on crude and refined edible oils, and on an expected drop in rapeseed production. India has raised the import tax on crude edible oils and refined oils by 5 per
Published 28 Dec, 2014 12:00am
Vietnam's December coffee exports jump

Vietnam's December coffee exports jump

Vietnam's coffee exports in December are expected to rise 42.8 percent from last month to 120,000 tonnes, or 2 million bags, the government said on Saturday, in line with market expectations. The December export volume brought the shipment in the calendar
Published 28 Dec, 2014 12:00am
Asian naphtha contango stays; S-Oil to sell spot

Asian naphtha contango stays; S-Oil to sell spot

Asia's naphtha spot purchases from South Korean petrochemical makers came to a standstill due to the festive holiday, with the front-month first-half February price lagging the following month's value by $5 for the third straight session on Wednesday. Fro
Published 28 Dec, 2014 12:00am
CBOT wheat futures fall in thin trade

CBOT wheat futures fall in thin trade

Wheat futures on the Chicago Board of Trade settled mostly lower on Friday in thin trade following the Christmas holiday, losing ground to corn on inter-market spreads, traders said. Russia, a key wheat exporter, on Thursday introduced grain exports dutie
Published 28 Dec, 2014 12:00am
HRW wheat bids weaker

HRW wheat bids weaker

Spot basis bids for hard red winter wheat were steady to weaker in the southern US Plains on Friday following a flurry of farmer sales in recent weeks that replenished supply pipelines, dealers said. Producer sales slowed this week as K.C. hard red winter
Published 28 Dec, 2014 12:00am
US natural gas futures hit over two-year low

US natural gas futures hit over two-year low

US natural gas futures hit a more than two-year bottom below $3 on Friday, finishing the worst week in 10 months, as disappointing weekly draws of the fuel raised worries about growing supplies of gas in storage. NYMEX's front-month gas hit a September 20
Published 28 Dec, 2014 12:00am
US Midwest corn, soya bids mostly steady

US Midwest corn, soya bids mostly steady

US Midwest spot basis bids for corn and soyabeans were mostly steady early on Friday with farmer sales quiet the day after Christmas, dealers said. But corn bids at ethanol plants were mixed after a spurt of farmer sales earlier this week when corn prices
Published 28 Dec, 2014 12:00am
Egypt to import Russian wheat

Egypt to import Russian wheat

Russian officials have assured Egypt that deals to import 120,000 tonnes of wheat for delivery in January will be met, the state Al-Ahram newspaper quoted Egypt's supplies minister, Khaled Hanafi, as saying on Friday. It said Hanafi called Russian officia
Published 28 Dec, 2014 12:00am
Turkey's wheat, barley output falls

Turkey's wheat, barley output falls

Turkey's grain production fell in 2014, official figures showed on Thursday, hit by the Middle East's driest weather in more than a decade, forcing the country to raise its grain imports. Wheat production was down by 13.8 percent to 19 million tonnes whil
Published 28 Dec, 2014 12:00am
US FOB Gulf soya basis offers steady

US FOB Gulf soya basis offers steady

US FOB Gulf soyabean basis offers were steady in quiet trade after futures climbed nearly 20 cents in a post-Christmas spec-led rally on Friday, traders said. FOB corn and wheat basis values were also unchanged, with inquiries dead quiet after the holiday
Published 28 Dec, 2014 12:00am
Russian crude oil exports seen falling further

Russian crude oil exports seen falling further

Russia expects crude oil exports to fall further next year to 224.7 million tonnes, compared to this year's planned exports of 229.5 million tonnes, Russia's Energy Ministry said in e-mailed comments on Wednesday. In 2013, Russia, the world's second-large
Published 28 Dec, 2014 12:00am
India raises edible oil import taxes to protect local farmers

India raises edible oil import taxes to protect local farmers

India has raised the import tax on crude edible oils and refined oils by 5 percentage points each to protect local farmers from rising imports from Malaysia and Indonesia. In an order made public on Thursday, New Delhi said the import tax on the crude var
Published 28 Dec, 2014 12:00am
Canadian canola futures lower

Canadian canola futures lower

ICE Canadian canola futures settled mostly lower in an abbreviated trading session on Wednesday, but the spot January contract firmed as traders exited short positions ahead of the contract's delivery period, traders said. ICE Futures Canada will be close
Published 28 Dec, 2014 12:00am
Ukraine increases winter grain area sown for 2015

Ukraine increases winter grain area sown for 2015

Ukrainian farmers increased the area sown for the 2015 grain harvest to 8.97 million hectares, 7 percent more than the previous year, the agriculture ministry said on Thursday. The area included 6.8 million hectares of winter wheat, 700,000 hectares more
Published 28 Dec, 2014 12:00am
Asia rice: trading slows on thin demand; prices mixed

Asia rice: trading slows on thin demand; prices mixed

Trading in Asia's rice market weakened on thin demand amid price declines in Vietnam, but rates held up in Thailand as exporters stockpiled the grain before the holidays, traders said on Wednesday. "A major exporter has been buying a lot of rice from the
Published 28 Dec, 2014 12:00am
Russia to add wheat exports duty from February 1

Russia to add wheat exports duty from February 1

Russia will introduce a duty on wheat exports from February 1, the government said, adding to other restrictions with which it is battling a rise in domestic grain prices. Russia, expected to be the world's fourth-largest wheat exporter this year, has bee
Published 28 Dec, 2014 12:00am
Standard Chartered hires ex US prosecutors amid sanctions probe

Standard Chartered hires ex US prosecutors amid sanctions probe

Standard Chartered Plc has hired two former prosecutors to police its transactions for criminal activity, a spokesman said on Friday, as the British bank wrestles with a series of legal and compliance problems. The hires in the past two months coincide wi
Published 28 Dec, 2014 12:00am
Standard Chartered hires ex US prosecutors amid sanctions probe

Standard Chartered hires ex US prosecutors amid sanctions probe

Standard Chartered Plc has hired two former prosecutors to police its transactions for criminal activity, a spokesman said on Friday, as the British bank wrestles with a series of legal and compliance problems. The hires in the past two months coincide wi
Published 28 Dec, 2014 12:00am
Healthy Dubai real estate market can ride out cheap oil

Healthy Dubai real estate market can ride out cheap oil

The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash. As the global financial crisis slashed oil and equity prices in 2008, Dubai's real estate marke
Published 28 Dec, 2014 12:00am
Uber broke Indian financial rules: central bank chief

Uber broke Indian financial rules: central bank chief

India's central bank chief lashed out at Uber, already under fire over the alleged rape of a passenger, saying the US taxi-hailing firm violated the country's financial regulations by using an overseas payment system. A row over the highly valued start-up
Published 28 Dec, 2014 12:00am
Germany needs immigration, Wolfgang says after anti-asylum rallies

Germany needs immigration, Wolfgang says after anti-asylum rallies

German Finance Minister Wolfgang Schaeuble said on Saturday that immigration is good for the country and politicians must explain better that everyone stands to gain from it, in response to the rise of a new movement opposing an influx of Muslim immigrant
Published 28 Dec, 2014 12:00am
Panama Canal claims $737 million in cost overruns

Panama Canal claims $737 million in cost overruns

The consortium expanding the Panama Canal is making fresh claims for cost overruns totalling $737 million, officials said Friday. Canal administrator Jorge Quijano told reporters that the Panama Canal Authority had received two claims on Tuesday that "wil
Published 28 Dec, 2014 12:00am
Ukraine secures cheap Russian coal and power supplies

Ukraine secures cheap Russian coal and power supplies

Moscow promised on Saturday to resume shipping coal and provide electricity to Ukraine for the first time in three years despite Kiev's failure to guarantee energy supplies to Russian-occupied Crimea. Russian President Vladimir Putin's unexpected decision
Published 28 Dec, 2014 12:00am
Shanghai free trade zone to expand to include commercial centre

Shanghai free trade zone to expand to include commercial centre

China will dramatically expand the size of a free trade zone (FTZ) in Shanghai to include the city's commercial centre where major multinational companies and Chinese banks have their headquarters, state media reported. The official Xinhua news agency cit
Published 28 Dec, 2014 12:00am
Belgian business confidence unexpectedly falls in December

Belgian business confidence unexpectedly falls in December

Morale among Belgian businesses fell unexpectedly in December, central bank data showed on Tuesday, as managers in the manufacturing sector became more pessimistic about order book and stock levels. The business confidence index, often referred to as the
Published 28 Dec, 2014 12:00am
China's trade growth seen falling short of target in 2014

China's trade growth seen falling short of target in 2014

China's trade will grow 3.5 percent in 2014, implying the country will fall short of a current 7.5 percent official growth target, according to a report on the Ministry of Commerce's website that was subsequently revised to remove the numbers. The initial
Published 28 Dec, 2014 12:00am
China's November industrial profits suffer sharpest fall in 27 months

China's November industrial profits suffer sharpest fall in 27 months

Chinese industrial profits dropped 4.2 percent in November to 676.12 billion yuan ($108.85 billion), official data showed on Saturday, the biggest annual decline since August 2012 as the economy hit major unexpected headwinds in the second half. Despite l
Published 28 Dec, 2014 12:00am
Credit Suisse bid to dismiss US mortgage suit denied

Credit Suisse bid to dismiss US mortgage suit denied

Swiss banking giant Credit Suisse can be prosecuted for its role in the US housing finance meltdown, according to a court decision, which dismissed the company's bid to halt a suit. The bank had filed a motion to have a suit for fraud over the sale of que
Published 28 Dec, 2014 12:00am
Credit Suisse bid to dismiss US mortgage suit denied

Credit Suisse bid to dismiss US mortgage suit denied

Swiss banking giant Credit Suisse can be prosecuted for its role in the US housing finance meltdown, according to a court decision, which dismissed the company's bid to halt a suit. The bank had filed a motion to have a suit for fraud over the sale of que
Published 28 Dec, 2014 12:00am
VW's Audi to step up investments in 2015-19 on models, plants

VW's Audi to step up investments in 2015-19 on models, plants

Volkswagen's flagship Audi division is to increase spending on new models, plants and technology through 2019 to push its goal of surpassing German rival BMW as the world's largest luxury-car manufacturer. Audi, which contributes 40 percent of operating p
Published 28 Dec, 2014 12:00am
Germany plans electric car motorway charging stations

Germany plans electric car motorway charging stations

Germany plans to expand the network of charging stations for electric cars across the country to help boost lacklustre demand, a Transport Ministry paper seen by Reuters showed. Chancellor Angela Merkel's government wants to bring 1 million battery-powere
Published 28 Dec, 2014 12:00am
Famous Venezuelan ice-cream store closes over milk shortage

Famous Venezuelan ice-cream store closes over milk shortage

An ice-cream store listed in the Guinness World Records book for its 863 different flavours has become the latest victim of Venezuela's economic crisis. "We are closed during the season due to shortage of milk," the famous Coromoto ice-cream store in the
Published 28 Dec, 2014 12:00am
Libya asks Italy to help extinguish fire at biggest oil port

Libya asks Italy to help extinguish fire at biggest oil port

Libya has called on Italy to send firefighters to prevent a fire spreading out of control at Es Sider, the country's biggest oil port, officials said on Saturday. A rocket hit an oil storage tank last week at the port in the east of the country during cla
Published 28 Dec, 2014 12:00am
New Mauritius government sacks long-serving central bank governor

New Mauritius government sacks long-serving central bank governor

Mauritius central bank governor on Saturday said he had been sacked by the Indian Ocean island's new government after seven years in charge of the bank, but hinted that he may appeal the move. "My contract has been terminated with immediate effect. I have
Published 28 Dec, 2014 12:00am
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