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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-01-04
TSX kicks off 2015 with gains

TSX kicks off 2015 with gains

Canada's main stock index rose on Friday, lifted by energy and mining stocks, which were up even though oil and copper prices fell in the first trading session of the year. Oil, which has been weighed down by concerns about a supply glut and weakening dem
Published 04 Jan, 2015 12:00am
Death condoled

Death condoled

Life Chairman Aptma G R Arshad has expressed deep sorrow and grief over sad demise of mother of Anis Ahmed Motiwala, Chairman Aptma and Zubair Motiwala.
Published 04 Jan, 2015 12:00am
'GCU to commercialise newly-invented Nano-Fertilizer'

'GCU to commercialise newly-invented Nano-Fertilizer'

The Government College University, Lahore will commercialise its newly-invented Nano Fertiliser that produces healthy food by protecting nutrients and significantly increases the crop yield, it was revealed by Vice Chancellor Professor Dr Muhammad Khaleeq
Published 04 Jan, 2015 12:00am
Eid-e-Milad-un-Nabi (PBUH): PML-Q leaders urge unity among Muslims

Eid-e-Milad-un-Nabi (PBUH): PML-Q leaders urge unity among Muslims

Pakistan Muslim League-Q (PML-Q) President and former Prime Minister Senator Chaudhry Shujat Hussain, senior central leader and former Deputy Prime Minister Chaudhry Parvez Elahi and Moonis Elahi said that on Eid-e-Milad-un-Nabi (Peace Be Upon Him) all th
Published 04 Jan, 2015 12:00am
NA-125: ET orders inspection of two polling bags

NA-125: ET orders inspection of two polling bags

The election tribunal (ET), here on Saturday ordered inspection of recently recovered two polling bags of NA-125, constituency won by Railways minister Khwaja Saad Rafiq. Earlier, the returning officer (RO) of the constituency and district treasury office
Published 04 Jan, 2015 12:00am
PU awards PhD degrees to five scholars

PU awards PhD degrees to five scholars

Punjab University has awarded 5 PhD degrees to the scholars in which Fariha Arooj D/o Walayat Shah in the subject of Environmental Sciences after approval of her thesis entitled "Application of Advanced Oxidation Process for Bleaching Textile Materials",
Published 04 Jan, 2015 12:00am
UoP Syndicate approves more appointments

UoP Syndicate approves more appointments

The 418th meeting of Syndicate of the University of Peshawar (UoP) was held here on Saturday. Vice Chancellor Professor Dr Muhammad Rasul Jan presided over the meeting. The meeting gave approval for the appointment of 16 professors, 14 associate professor
Published 04 Jan, 2015 12:00am
Ebola-hit UK nurse in critical condition

Ebola-hit UK nurse in critical condition

A British nurse who contracted Ebola in Sierra Leone and was hospitalised in London this week is now in a "critical" condition, the hospital treating her said Saturday. "The condition of Pauline Cafferkey has gradually deteriorated over the past two days
Published 04 Jan, 2015 12:00am
Somalia dismisses Ebola scare

Somalia dismisses Ebola scare

The government of war-torn Somalia has moved to reassure residents that there was no outbreak of Ebola in the country, dismissing rumours that a man had brought the virus back with him from Guinea. "As soon as we heard the rumours of a case of Ebola virus
Published 04 Jan, 2015 12:00am
Congo threatens to attack Rwandan Hutu rebels

Congo threatens to attack Rwandan Hutu rebels

Democratic Republic of Congo's government said on Friday it was ready to launch military operations against Rwandan Hutu rebels in its east after most missed a deadline to disarm and return home or go into exile. A six-month ultimatum set by regional lead
Published 04 Jan, 2015 12:00am
Mexico Supreme Court elects career judge as president

Mexico Supreme Court elects career judge as president

Mexico's Supreme Court on Friday elected a new president with justices narrowly backing a career judge over another candidate who had worked for decades as a lawyer. After more than 30 inconclusive rounds of voting, justices voted 6-4 to elect Luis Maria
Published 04 Jan, 2015 12:00am
Grand Ole Opry star 'Little Jimmy' dies

Grand Ole Opry star 'Little Jimmy' dies

Grand Ole Opry star "Little Jimmy" Dickens, the longest-running cast member of country music's most venerable venue, died on Friday at the age of 94, the Opry said. Dickens, a pint-sized comical performer measuring just 4-foot-11 inches, died of cardiac a
Published 04 Jan, 2015 12:00am
Swat CNG stations end three-day strike

Swat CNG stations end three-day strike

After successful negotiations with transporters, CNG Association Swat announced to end their strike in the district. The CNG Association was protesting the low-pressure of the gas which have affected the business of transport community in the district.
Published 04 Jan, 2015 12:00am
PCGA says cotton arrivals show an increase of 10.16 percent

PCGA says cotton arrivals show an increase of 10.16 percent

The Pakistan Cotton Ginners Association (PCGA) fortnightly report shows that the Trading Corporation of Pakistan has purchased only 92,700 bales of cotton while 1,39,58,447 cotton bales were sourced to the country's ginners by December 31st,2014, which sh
Published 04 Jan, 2015 12:00am
KP chief minister dissatisfied with pace of work on highways

KP chief minister dissatisfied with pace of work on highways

KP Chief Minister Pervez Khattak has expressed dissatisfaction over the pace of construction work on some crucial highways of the province and asked the authorities of National Highway Authority (NHA) to guarantee speedy and quality completion of these de
Published 04 Jan, 2015 12:00am
Workers end strike in Panama Canal expansion

Workers end strike in Panama Canal expansion

Striking workers on the Panama Canal expansion reached an agreement Saturday with the consortium overseeing the work, ending the latest setback for the behind-schedule over-budget upgrade. The management agreed to an audit on overtime payments, compensati
Published 04 Jan, 2015 12:00am
'Beverly Hillbillies' actress Donna Douglas dies

'Beverly Hillbillies' actress Donna Douglas dies

Wholesome blonde actress Donna Douglas, who played pretty tomboy Elly May Clampett on the hit 1960s sitcom "The Beverly Hillbillies" and starred opposite Elvis Presley in the 1966 film "Frankie and Johnny," has died at age 81, her family said on Friday.
Published 04 Jan, 2015 12:00am
Greek police arrest fugitive Marxist guerrilla

Greek police arrest fugitive Marxist guerrilla

Greek police on Saturday arrested Christodoulos Xiros, a fugitive member of the Marxist guerrilla group November 17 who had absconded while on leave from prison almost a year ago. Christodoulos Xiros, 56, is serving multiple life terms for his role in Gre
Published 04 Jan, 2015 12:00am
Turkey gives go-ahead for first new church in century

Turkey gives go-ahead for first new church in century

Turkey's Islamic-rooted government has authorised the building of the first church in the country in nearly a century, officials said Saturday. The church is for the tiny Syriac community in Turkey and will be built in the Istanbul suburb of Yesilkoy on t
Published 04 Jan, 2015 12:00am
Violence escalates ahead of Sri Lanka polls

Violence escalates ahead of Sri Lanka polls

Campaign-related violence escalated across Sri Lanka ahead of next week's elections as President Mahinda Rajapakse fights an unexpectedly tough battle to remain in power, poll monitors and police said Saturday. The private Campaign for Free and Fair Elect
Published 04 Jan, 2015 12:00am
Woman making Prince Andrew sex claims stands by story

Woman making Prince Andrew sex claims stands by story

The woman who alleged in a US court filing she was kept as an underage "sex slave" by a Wall Street financier and forced to have sex with Britain's Prince Andrew stood by her story on Saturday despite Buckingham Palace's strong denial. The plaintiff, iden
Published 04 Jan, 2015 12:00am
Homes lost as bushfire rages out of control in Australia

Homes lost as bushfire rages out of control in Australia

Dozens of homes were feared lost as an intense bushfire raged out of control in South Australia Saturday, with fire-fighters struggling to contain the worst blaze in decades as strong winds fanned the flames. "Your life is at risk," South Australian Premi
Published 04 Jan, 2015 12:00am
US embassy in Indonesia issues security alert for city of Surabaya

US embassy in Indonesia issues security alert for city of Surabaya

The US embassy in Indonesia issued a security alert on Saturday for its citizens in the country's second biggest city Surabaya. "The US Embassy has been made aware of a potential threat against US-associated hotels and banks in Surabaya, Indonesia," the e
Published 04 Jan, 2015 12:00am
'Father of Lebanese wine' dies

'Father of Lebanese wine' dies

Serge Hochar, CEO of the famed Lebanese winery Chateau Musar and credited with cultivating an international reputation for his country's wine, has died aged 75. His death on December 31 was announced by Chateau Musar on Facebook, and was marked in interna
Published 04 Jan, 2015 12:00am
Girl survives US plane crash

Girl survives US plane crash

A seven-year-old girl walked free from the wreckage of a private plane that crashed in a wooded area of Kentucky on Friday killing four others on board, US police said. Police were alerted to the crash when they received an emergency call from a local res
Published 04 Jan, 2015 12:00am
Iran says no deal with US to ship enriched uranium to Russia

Iran says no deal with US to ship enriched uranium to Russia

Iran denied on Saturday that it had reached an agreement with the United States to ship its surplus enriched uranium to Russia under new concessions aimed at clinching a comprehensive nuclear deal with six world powers. The Associated Press, citing diplom
Published 04 Jan, 2015 12:00am
EU to set up expert cell to fight jihadist propaganda

EU to set up expert cell to fight jihadist propaganda

The European Union plans to set up a cell of advisors in Belgium that member governments can tap to fight jihadist propaganda, a top EU official told a newspaper Saturday. "The idea is for Belgium to welcome a cell of experts who can offer European countr
Published 04 Jan, 2015 12:00am
New air strike on Libyan city Misrata, clashes near oil port

New air strike on Libyan city Misrata, clashes near oil port

Forces loyal to Libya's internationally recognised government on Saturday staged air strikes on the commercial port of Misrata, a western city allied to a group that holds the capital Tripoli, both sides said. Fighting was also reported near the country's
Published 04 Jan, 2015 12:00am
Hungarian protesters keep up pressure on government

Hungarian protesters keep up pressure on government

Thousands of Hungarians staged an anti-government protest on Friday, maintaining pressure on Prime Minister Viktor Orban's centre-right administration which has lost about a third of its popular support since October. Orban's Fidesz party won a new term w
Published 04 Jan, 2015 12:00am
Sartre's 'Non to Nobel prize came too late'

Sartre's 'Non to Nobel prize came too late'

A letter sent by French philosopher Jean-Paul Sartre in 1964 declining the Nobel Prize for Literature came too late to avert one of the biggest debacles in its history, Swedish media reported Saturday. Sartre's letter arrived nearly a month after he had b
Published 04 Jan, 2015 12:00am
15 fall in Sri Lanka, New Zealand wicket fest

15 fall in Sri Lanka, New Zealand wicket fest

Fifteen wickets fell in a bowlers' blitz Saturday as Sri Lanka ended the first day of the second Test in Wellington at 78-5 in reply to New Zealand's first innings 221. Sri Lanka's response in their attempt to level the series after an eight wicket drubbi
Published 04 Jan, 2015 12:00am
Griezmann double keeps Atletico on Real's shoulders

Griezmann double keeps Atletico on Real's shoulders

La Liga champions Atletico Madrid remained in the race to retain their title with a comfortable 3-1 win over Levante on Saturday thanks to two goals from Antoine Griezmann. With Fernando Torres watching on from the stands before his move back to his boyho
Published 04 Jan, 2015 12:00am
Sangakkara joins elite 12,000-runs club

Sangakkara joins elite 12,000-runs club

Sri Lankan batsman Kumar Sangakkara joined an elite group of cricketers Saturday when he became only the fifth to make 12,000 runs in his career. The prolific 37-year-old left-hander reached the milestone when he knocked Trent Boult square for two in Sri
Published 04 Jan, 2015 12:00am
Johnson doubtful for fourth India Test

Johnson doubtful for fourth India Test

Australian fast bowler Mitchell Johnson is doubtful for the fourth and final test against India next week after a hamstring problem forced him out of training on Saturday. The 33-year-old reigning ICC Cricketer of the Year's decision to sit out Saturday's
Published 04 Jan, 2015 12:00am
Trott bids to revive Test career on South Africa tour

Trott bids to revive Test career on South Africa tour

Former England batsman Jonathan Trott will continue to try to revive his test career on his first overseas tour since leaving the Ashes in Australia with stress issues just over a year ago. The 33-year-old is captain of a 15-man England Lions squad, which
Published 04 Jan, 2015 12:00am
West Brom stroll on Pulis bow, Newcastle out

West Brom stroll on Pulis bow, Newcastle out

Tony Pulis's West Bromwich Albion tenure began with a 7-0 demolition of non-league Gateshead in the FA Cup third round on Saturday, while Leicester City eliminated managerless Newcastle United. Pulis was appointed as West Brom's new head coach on New Year
Published 04 Jan, 2015 12:00am
South Africa aim for big lead

South Africa aim for big lead

South African captain Hashim Amla made a patient half-century as he and AB de Villiers steered their team towards a sound position on the second day of the third and final Test against the West Indies at Newlands on Saturday. South Africa were 227 for thr
Published 04 Jan, 2015 12:00am
Djokovic illness hands Murray first win of season

Djokovic illness hands Murray first win of season

World number one Novak Djokovic withdrew from the final of the Mubadala World Tennis Championships in Abu Dhabi on Saturday handing Andy Murray his first title of the season. Serb Djokovic had dismissed Stan Wawrinka in the semi-finals of the exhibition e
Published 04 Jan, 2015 12:00am
Oil prices hit new lows; gold dips

Oil prices hit new lows; gold dips

Oil prices extended their slide this week, kicking off the new year with 5.5-year low points, as tepid eurozone demand offset a pick-up in the US economy. The dollar strengthened, hitting demand for commodities like crude and metals priced in the US unit.
Published 04 Jan, 2015 12:00am
New York gold rebounds from one-month low

New York gold rebounds from one-month low

Gold rebounded from a one-month low on Friday, as weaker-than-expected US manufacturing data counteracted the impact of a stronger dollar, but still looked set to post its third straight weekly loss. Spot gold fell to its lowest since December 1 at $1,168
Published 04 Jan, 2015 12:00am
Cotton hits 3-1/2-week low on stronger dollar, producer selling

Cotton hits 3-1/2-week low on stronger dollar, producer selling

Cotton futures fell for the second straight session on Friday, hitting a 3-1/2-week low on a stronger dollar and selling from producers who held onto their crop until the new year for tax purposes. The most-active March cotton contract on ICE Futures US f
Published 04 Jan, 2015 12:00am
Asia: pricing-war hotspot for African, Gulf oil producers

Asia: pricing-war hotspot for African, Gulf oil producers

Asia has become a hotspot for a price war between African and Gulf oil producers who, hobbled by bulging global supplies and waning demand, are offering steep discounts to defend their market share in the world's top net crude buying region. The competiti
Published 04 Jan, 2015 12:00am
Loonie starts 2015 at 5-1/2-year low

Loonie starts 2015 at 5-1/2-year low

The Canadian dollar dived to a more than 5-1/2-year low against the greenback on Friday, striking a weak tone at the start of 2015 as it took hits from a rally in the US dollar and another drop in oil prices. Traders returned to their desks to take the lo
Published 04 Jan, 2015 12:00am
Rising rouble calms Latam markets after recent rout

Rising rouble calms Latam markets after recent rout

Latin American stocks and currencies were mostly stronger on Wednesday after Russia's rouble rebounded against the dollar, easing investor jitters over global financial stability. Debt, equities and foreign exchange markets in Latin America have been hamm
Published 04 Jan, 2015 12:00am
Dollar hits highs against euro, franc after Draghi fuels QE bets

Dollar hits highs against euro, franc after Draghi fuels QE bets

The US dollar hit its highest against the euro in 4-1/2 years on Friday and reached parity with the Swiss franc after comments from European Central Bank President Mario Draghi underscored the divergence between European and US monetary policy.
Published 04 Jan, 2015 12:00am
Euro share of FX reserves lowest in more than decade: IMF data

Euro share of FX reserves lowest in more than decade: IMF data

The share of currency reserves in the euro held by central banks fell to its lowest in over a decade in the third quarter of 2014 at less than 23 percent, according to International Monetary Fund data released on December 31. The euro share of IMF reserve
Published 04 Jan, 2015 12:00am
Turkey's central bank hikes forex reserve requirements

Turkey's central bank hikes forex reserve requirements

Turkey's central bank raised foreign exchange reserve requirement ratios on Saturday, citing the need to support financial stability amid volatility in global markets. With the lira currency trading at record lows against the dollar, the changes are inten
Published 04 Jan, 2015 12:00am
South Africa's rand weakens

South Africa's rand weakens

South Africa's rand slipped to a two-week low against the US dollar on Friday, tracking a weaker euro which stumbled after the European Central Bank said it will soon embark on outright money-printing. Mario Draghi, the head of the ECB, fuelled expectatio
Published 04 Jan, 2015 12:00am
Weak Colombia peso will nudge inflation higher: central bank

Weak Colombia peso will nudge inflation higher: central bank

A drop of nearly one quarter in the value of Colombia's peso in 2014 will lead to some inflationary pressures, the minutes of the central bank's latest policy-setting meeting showed Friday, though it was unclear how big the impact on prices would be. A sl
Published 04 Jan, 2015 12:00am
Wall Street first session of 2015 flat as data weighs

Wall Street first session of 2015 flat as data weighs

US stocks closed little changed on Friday in the first trading session of 2015, finishing well off session highs as economic data short-circuited early gains. In a sign of tepid economic conditions, construction spending unexpectedly fell 0.3 percent in N
Published 04 Jan, 2015 12:00am
Russian company debt contaminates sovereign dollar bonds

Russian company debt contaminates sovereign dollar bonds

As Russia confronts financial crisis, investors in its sovereign dollar bonds are braced for things to get worse before they get better, even though few expect a full-blown sovereign default. The Russian state, they say, is a diligent payer of debts howev
Published 04 Jan, 2015 12:00am
Russian company debt contaminates sovereign dollar bonds

Russian company debt contaminates sovereign dollar bonds

As Russia confronts financial crisis, investors in its sovereign dollar bonds are braced for things to get worse before they get better, even though few expect a full-blown sovereign default. The Russian state, they say, is a diligent payer of debts howev
Published 04 Jan, 2015 12:00am
Global stock markets expected to rally in 2015 on more cheap cash

Global stock markets expected to rally in 2015 on more cheap cash

Global stock markets are expected to rally next year as central banks in Asia and Europe flood markets with fresh liquidity just as others begin tightening, Reuters polls showed on Wednesday. Accommodative monetary policy drove a bull market in stocks in
Published 04 Jan, 2015 12:00am
Treasury prices gain

Treasury prices gain

US Treasury prices gained on Friday after data showed that growth in the American manufacturing sector slowed more than expected in December and oil touched a post-2009 low. The Institute for Supply Management (ISM) said its index of national factory acti
Published 04 Jan, 2015 12:00am
Treasury prices gain

Treasury prices gain

US Treasury prices gained on Friday after data showed that growth in the American manufacturing sector slowed more than expected in December and oil touched a post-2009 low. The Institute for Supply Management (ISM) said its index of national factory acti
Published 04 Jan, 2015 12:00am
Investors eye 2015 with big appetite for hedge funds

Investors eye 2015 with big appetite for hedge funds

Wealthy investors are poised to put at least $90 billion into hedge funds next year, even after returns have largely been lackluster this year, research firm eVestment said on Tuesday. Fresh demand from pension funds, endowments, and insurers looking for
Published 04 Jan, 2015 12:00am
Investors eye 2015 with big appetite for hedge funds

Investors eye 2015 with big appetite for hedge funds

Wealthy investors are poised to put at least $90 billion into hedge funds next year, even after returns have largely been lackluster this year, research firm eVestment said on Tuesday. Fresh demand from pension funds, endowments, and insurers looking for
Published 04 Jan, 2015 12:00am
Wall Street Week Ahead: New year may mean new view on energy stocks

Wall Street Week Ahead: New year may mean new view on energy stocks

Last year was an ugly one for the US energy sector, and while the first trading day of 2015 pointed to continued weakness in oil, investors are starting to look to when the sector might start to recover. Crude oil prices fell 42 percent in the fourth quar
Published 04 Jan, 2015 12:00am
Coke to cut up to 2,000 jobs: WSJ

Coke to cut up to 2,000 jobs: WSJ

Coca-Cola Co plans to cut 1,000 to 2,000 jobs globally in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter. The job cuts are part of Coke's $3 billion cost-cutting plans, which it announced in October after postin
Published 04 Jan, 2015 12:00am
US FOB Gulf soya export premiums stay unchanged

US FOB Gulf soya export premiums stay unchanged

US soyabean export premiums were flat at Gulf Coast terminals on Friday amid steady demand, and corn premiums were mostly unchanged, traders said. Export demand for US soyabeans is expected to taper off starting in late February as large Brazilian harvest
Published 04 Jan, 2015 12:00am
Asian naphtha crack touched two-session low

Asian naphtha crack touched two-session low

The Asian naphtha crack touched a two-session low of $30.18 in its first day of trading Friday on higher supplies and amid low volumes as most traders had yet to come back from new year holidays. At least three sale tenders for up to a total of 61,500 ton
Published 04 Jan, 2015 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday on weakness in the Canadian dollar, which made canola more attractive in global trade against other oilseeds. The Canadian dollar fell to its lowest level against the greenback in 5-1/2 years, as it was hit by a
Published 04 Jan, 2015 12:00am
Russia's oil output hits post-Soviet record high

Russia's oil output hits post-Soviet record high

Russia's 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), rising by 0.7 percent helped by small non-state producers, Energy Ministry data showed on Friday. Oil and gas condensate production in December hit 10.6
Published 04 Jan, 2015 12:00am
Chicago soyabeans face biggest yearly loss

Chicago soyabeans face biggest yearly loss

Chicago soyabean futures were set to end 2014 with their biggest loss in a decade as bumper production in the United States and South America replenished global supply of the protein-rich oilseed. Corn and wheat were also poised to post an annual decline
Published 04 Jan, 2015 12:00am
European wheat futures drop to two-week low

European wheat futures drop to two-week low

European wheat futures dropped on Friday to their lowest in almost two weeks, tracking a fall in US prices as wheat markets pull back from recent highs caused by Russian export restrictions. A further slide in the euro, which touched a 4-1/2 year low agai
Published 04 Jan, 2015 12:00am
Current account is key Africa success factor in 2015

Current account is key Africa success factor in 2015

A positive balance of payments will be the key African success factor in 2015. Rapid growth is likely to continue. The IMF predicts 5.8 percent GDP growth for sub-Saharan Africa, up from 5.1 percent in 2014. However overspending, overborrowing and - in so
Published 04 Jan, 2015 12:00am
Spain's Carbures restates first-half results

Spain's Carbures restates first-half results

Spanish carbon fibre manufacturer Carbures restated its 2014 first-half results late on Friday and said it expects to report a full-year loss after a full audit halved its sales figures for the first six months of the year. Carbures, which requested the s
Published 04 Jan, 2015 12:00am
Ship collision causes 33,000 barrel oil spill off Singapore

Ship collision causes 33,000 barrel oil spill off Singapore

An oil tanker and a bulk carrier collided off Singapore on Friday, causing a crude oil spill, the Maritime and Port Authority (MPA) said. The Libyan-registered oil tanker Alyarmouk collided with the Singapore-registered bulk carrier Sinar Kapuas about 11
Published 04 Jan, 2015 12:00am
Car sales slump in France, but rise in Spain and Italy

Car sales slump in France, but rise in Spain and Italy

France's floundering economy pushed car sales 6.8 percent lower year-on-year in December, while Spanish sales jumped by 21.4 percent, helped by a subsidy scheme, and also rose in Italy, according to auto industry associations. The contrasting year-end per
Published 04 Jan, 2015 12:00am
Car sales slump in France, but rise in Spain and Italy

Car sales slump in France, but rise in Spain and Italy

France's floundering economy pushed car sales 6.8 percent lower year-on-year in December, while Spanish sales jumped by 21.4 percent, helped by a subsidy scheme, and also rose in Italy, according to auto industry associations. The contrasting year-end per
Published 04 Jan, 2015 12:00am
Iraq oil exports soar but low prices hit revenue

Iraq oil exports soar but low prices hit revenue

Iraq's oil exports reached their highest level in decades in December, the oil ministry's spokesman said on Saturday, but vital revenues were being hit by the plummeting prices of crude. Iraq exported 91.141 million barrels of oil in December for an avera
Published 04 Jan, 2015 12:00am
Yahoo search engine down shortly after Bing outage

Yahoo search engine down shortly after Bing outage

Yahoo Inc's search engine was down on Friday, shortly after Microsoft Corp's search engine, Bing, was also briefly unavailable before recovering. Users who typed search.yahoo.com got an error message saying that Yahoo engineers were working to resolve the
Published 04 Jan, 2015 12:00am
Uber rings in New Year with two million rides

Uber rings in New Year with two million rides

Car-sharing startup Uber on Friday bragged it rang in the New Year with two million rides, many of them apparently to revellers heading home in early morning hours. And while demand for rides spiked from one to two in the morning in most cities where Uber
Published 04 Jan, 2015 12:00am
California leaders set for high-speed rail groundbreaking

California leaders set for high-speed rail groundbreaking

California on Tuesday will break ground in Fresno on its ambitious but controversial high-speed rail project, marking another milestone for Governor Jerry Brown and for foreign manufacturers waiting to bid on lucrative train contracts. The United States l
Published 04 Jan, 2015 12:00am
Lehman brokerage trustee, Pimco settle US bankruptcy claims

Lehman brokerage trustee, Pimco settle US bankruptcy claims

The trustee liquidating Lehman Brothers Holdings Inc's brokerage unit has agreed with Pacific Investment Management Co unit to resolve $187.4 million of the money management firm's customer claims, likely at a fraction of their estimated value.
Published 04 Jan, 2015 12:00am
Lehman brokerage trustee, Pimco settle US bankruptcy claims

Lehman brokerage trustee, Pimco settle US bankruptcy claims

The trustee liquidating Lehman Brothers Holdings Inc's brokerage unit has agreed with Pacific Investment Management Co unit to resolve $187.4 million of the money management firm's customer claims, likely at a fraction of their estimated value.
Published 04 Jan, 2015 12:00am
Tycoon prince assails Saudi fiscal policy over deficit

Tycoon prince assails Saudi fiscal policy over deficit

Billionaire Prince Alwaleed bin Talal has lashed out at the Saudi fiscal policy after projecting the largest ever budget deficit for 2015 following the slump in oil prices. "We have reached the danger point... after starting to withdraw from the reserves,
Published 04 Jan, 2015 12:00am
Vuzix gets Intel investment for smart glasses

Vuzix gets Intel investment for smart glasses

Vuzix Corporation said on Friday that Intel Corp invested $24.8 million in the company to speed up the launch of Internet-connected eyewear. Intel bought preferred stock that is convertible into common shares equivalent to 30 percent of Vuzix, Vuzix said
Published 04 Jan, 2015 12:00am
Mexico says energy price hikes over for 2015

Mexico says energy price hikes over for 2015

Mexico's government said on Friday that its latest "gasolinazo," or gasoline price spike, will be the only increase this year. The fuel price hike in the world's 10th biggest crude producer comes as slumping international oil prices have led to dramatical
Published 04 Jan, 2015 12:00am
Air Berlin spends on new seats in turnaround push

Air Berlin spends on new seats in turnaround push

Loss-making German airline Air Berlin will invest hundreds of millions of euros in new seats as part of a turnaround programme, a magazine reported on Friday citing an executive at the carrier. The new slimline seats - to be made by German aircraft seatin
Published 04 Jan, 2015 12:00am
Emaar Properties names Amit Jain as group COO

Emaar Properties names Amit Jain as group COO

Dubai's largest developer Emaar Properties has named Amit Jain as group chief operating officer and chief executive of Emaar's Dubai operations, it said in a statement on December 31. Jain was previously executive director of finance and group chief finan
Published 04 Jan, 2015 12:00am
Bombardier receives order for 24 jets worth a total of $1.14 billion

Bombardier receives order for 24 jets worth a total of $1.14 billion

Canadian aircraft manufacturer Bombardier has received an order for 24 CRJ900 NextGen regional jets worth a total of $1.14 billion, the industry giant said. An anonymous buyer purchased the CRJ900 planes, which can transport as many as 90 passengers for u
Published 04 Jan, 2015 12:00am
BG Group receives $350 million payment from Egypt

BG Group receives $350 million payment from Egypt

Britain's BG Group said on January 02 it had received a $350 million payment from the Egyptian government following the country's decision to repay outstanding debts to the energy industry. Egypt has delayed payments to oil and gas firms as its economy ha
Published 04 Jan, 2015 12:00am
Bank Muscat sells Oman brokerage business to Gulf Baader

Bank Muscat sells Oman brokerage business to Gulf Baader

Bank Muscat, Oman's largest lender, has sold its brokerage business to Gulf Baader Capital Markets, a brokerage firm based in the sultanate, the lender said. The decision to sell the business was due to the bank's review of "strategic alternatives and ope
Published 04 Jan, 2015 12:00am
Bank Muscat sells Oman brokerage business to Gulf Baader

Bank Muscat sells Oman brokerage business to Gulf Baader

Bank Muscat, Oman's largest lender, has sold its brokerage business to Gulf Baader Capital Markets, a brokerage firm based in the sultanate, the lender said. The decision to sell the business was due to the bank's review of "strategic alternatives and ope
Published 04 Jan, 2015 12:00am
Shanghai firms launch 200 million yuan carbon fund

Shanghai firms launch 200 million yuan carbon fund

Two Shanghai-based companies launched a 200 million yuan ($32m) fund on December 31, 2014 to invest in projects that generate carbon credits for China's carbon market. The fund, operated by a subsidiary of Haitong Securities and project developer Treasure
Published 04 Jan, 2015 12:00am
Shanghai firms launch 200 million yuan carbon fund

Shanghai firms launch 200 million yuan carbon fund

Two Shanghai-based companies launched a 200 million yuan ($32m) fund on December 31, 2014 to invest in projects that generate carbon credits for China's carbon market. The fund, operated by a subsidiary of Haitong Securities and project developer Treasure
Published 04 Jan, 2015 12:00am
Email, Internet remain top workplace tools: study

Email, Internet remain top workplace tools: study

Americans see email and the Internet as the most important tools for productivity at work, and still prefer landlines over cellphones for the office, a study showed Tuesday. The Pew Research Center found 61 percent of those surveyed cited email as "very i
Published 04 Jan, 2015 12:00am
'Connected life' at the heart of CES electronics show

'Connected life' at the heart of CES electronics show

In the air, in your car, on your back - new technology at the upcoming Consumer Electronics Show is showcasing the growing number of ways to live the "connected life." The so-called "Internet of Things" is leading to a wider range of wearable tech, from s
Published 04 Jan, 2015 12:00am
Trim down smartphone, heave the bloatware overboard

Trim down smartphone, heave the bloatware overboard

It is possible to get something for nothing. Just turn on a brand new smartphone and most users will find an array of software already preinstalled. Whether that's a good or bad thing is the question. Many smartphone users quickly realise that the preinst
Published 04 Jan, 2015 12:00am
China's Huawei 2014 smartphone shipments grow by 40 percent

China's Huawei 2014 smartphone shipments grow by 40 percent

Huawei Technology Co Ltd's smartphone shipments rose by more than 40 percent in 2014, according to an internal memo seen by Reuters, failing to match its own target and the performance of faster growing rivals such as Xiaomi Inc. Although Huawei's shipmen
Published 04 Jan, 2015 12:00am
Wearable tech will go from novelty to necessity

Wearable tech will go from novelty to necessity

Wearable technology is a novelty. Soon it will become a necessity. Consumers are embracing activity-tracking wristbands, which tell wearers how many steps they took or hours they slept. More than three million were sold in the United States alone in the y
Published 04 Jan, 2015 12:00am
Wearable tech will go from novelty to necessity

Wearable tech will go from novelty to necessity

Wearable technology is a novelty. Soon it will become a necessity. Consumers are embracing activity-tracking wristbands, which tell wearers how many steps they took or hours they slept. More than three million were sold in the United States alone in the y
Published 04 Jan, 2015 12:00am
Germans turn to high-tech sensors in geriatric medicine

Germans turn to high-tech sensors in geriatric medicine

Faced with an ageing population and blessed with excellent engineers, Germany is increasingly looking to high technology to make geriatric medicine more effective and less obtrusive. In the western German city of Aachen, researchers have developed a dehyd
Published 04 Jan, 2015 12:00am
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