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Print - 2015-09-21
Luxury German WC makers offer cleansing feature popular in Asia

Luxury German WC makers offer cleansing feature popular in Asia

Progress waits for no man and that includes in the bathroom. High-end European toilet manufacturers are bringing advanced electronic features to lavatory bowls including music, lights and intimate cleansing with water.
Published 21 Sep, 2015 12:00am
Four funerals and a wedding: Xi mends political bridges

Four funerals and a wedding: Xi mends political bridges

Chinese President Xi Jinping's attendance at the funeral earlier this year of a one-time propaganda minister was a surprise; Deng Liqun, who died aged 99, was never a top-ranked official and had been a political enemy of Xi's father.
Published 21 Sep, 2015 12:00am
Two flawed policies
Currency

Two flawed policies

The Finance Minister, Ishaq Dar, continues to come under considerable criticism from all sources, including the business community - the PML-N's critical political support base - and post 2015-16 budget traders/wholesalers have ratcheted up pressure on hi
Published 21 Sep, 2015 12:00am
Shifting sands in Afghanistan

Shifting sands in Afghanistan

In the wake of allegiance pledged to Mulla Mansour now by the late Mulla Omer's family as supreme leader of Taliban movement the chances of a negotiated end to decades-old Afghan turmoil have considerably brightened. His emergence as the movement's leader
Published 21 Sep, 2015 12:00am
Mega public-sector health initiative

Mega public-sector health initiative

State Life Insurance Corporation (SLIC) - the largest life insurance company in the country - will be awarded the contract of multi-billion rupees Prime Minister's National Health Insurance Programme. However, the Minister of State for National Health Ser
Published 21 Sep, 2015 12:00am
Japanese FM heads to Russia seeking Putin's visit

Japanese FM heads to Russia seeking Putin's visit

Japanese Foreign Minister Fumio Kishida on Sunday left Japan for Russia to have talks over decades-old territorial disputes and to prepare the ground for Russian President Vladimir Putin's long-delayed visit to Japan.
Published 21 Sep, 2015 12:00am
Modi to visit Ireland ahead of US
Kerb

Modi to visit Ireland ahead of US

Prime Minister Narendra Modi said Sunday he will head to Ireland this week en route to the United States, becoming the first Indian leader to visit Dublin in almost 60 years. Modi will hold talks with his Irish counterpart Enda Kenny on Wednesday before m
Published 21 Sep, 2015 12:00am
Japan's Abe sees fierce backlash after security legislation

Japan's Abe sees fierce backlash after security legislation

Japan's nationalist leader has rammed through legislation allowing the nation's troops to fight abroad, but analysts say fierce opposition at home and aboard could make it difficult actually to use the laws.
Published 21 Sep, 2015 12:00am
Young suicide bombers kill three in Cameroon

Young suicide bombers kill three in Cameroon

Two young suicide bombers killed three people in far north Cameroon on Sunday, the latest attack to hit a region that has been rocked by strikes blamed on Boko Haram Islamists from neighbouring Nigeria. The youths set off their suicide belts in the town o
Published 21 Sep, 2015 12:00am
More than 1,400 homes destroyed in California fires

More than 1,400 homes destroyed in California fires

More than 1,400 homes have been destroyed in two of the biggest wildfires currently burning in California, officials said Sunday, making them among the worst ever in the state. The death toll rose to six after a person was killed in a new fire south of Mo
Published 21 Sep, 2015 12:00am
IAEA chief visits controversial Iran site

IAEA chief visits controversial Iran site

The head of the UN atomic watchdog, Yukia Amano, Sunday visited Iran's controversial Parchin military site that has been suspected of being used for secret nuclear tests, an official said.
Published 21 Sep, 2015 12:00am
Egyptian police general gunned down

Egyptian police general gunned down

Unidentified assailants gunned down an Egyptian police general on the street in the Sinai Peninsula stronghold of the Islamic State group late on Saturday, the interior ministry said. General Ahmed Abdel Satar was the second senior police officer in three
Published 21 Sep, 2015 12:00am
UK's new Labour leader touts 'People's Railway' plan

UK's new Labour leader touts 'People's Railway' plan

Britain's new opposition Labour leader Jeremy Corbyn vowed Sunday to press ahead with plans to denationalise the rail network to create a "People's Railway", if his party got into power. In his first major policy announcement since becoming leader, the le
Published 21 Sep, 2015 12:00am
Catalan fever grips Spain in countdown to vote

Catalan fever grips Spain in countdown to vote

Political tension in Spain peaks this week in the countdown to a vote in Catalonia that could lead the region to declare independence, potentially breaking up one of Europe's oldest countries. The prospect of the rich north-eastern region of 7.5 million p
Published 21 Sep, 2015 12:00am
China launches new type of carrier rocket

China launches new type of carrier rocket

China on Sunday launched a new, smaller type of rocket from its "Long March" family which will be primarily used for carrying satellites aloft, state media reported, as the country races ahead with an ambitious space programme.
Published 21 Sep, 2015 12:00am
Kuwait stock delistings threaten market's status

Kuwait stock delistings threaten market's status

A rising tide of delistings from Kuwait's stock market threatens to widen a gap with rival bourses in the region as companies favour more dynamic economies such as Saudi Arabia and Dubai to sell shares. With a capitalisation of about $88 billion, close to
Published 21 Sep, 2015 12:00am
Big banks fear finance risk from Catalan breakaway

Big banks fear finance risk from Catalan breakaway

Major Spanish and European banks warned Friday that Catalonia would put "financial stability" at risk if it separated from Spain and the EU, potentially driving them to abandon the region. It was the first time Spain's powerful banking sector, recovering
Published 21 Sep, 2015 12:00am
Burj Bank Limited: The Bank with an iron will!

Burj Bank Limited: The Bank with an iron will!

In an ever challenging environment for small to midsized Banks, Burj Bank has consistently improved its position year on year. Since the beginning of 2015, the reduction in discount rate by a cumulative 350 bps since November 2014 has significantly reduce
Published 21 Sep, 2015 12:00am
PML-N government to overcome loadshedding during its tenure: Dar

PML-N government to overcome loadshedding during its tenure: Dar

Finance Minister Senator Ishaq Dar Sunday said Pakistan Muslim League-Nawaz (PML-N) government would overcome power load-shedding from the country during its tenure. Different power projects of over 7000 megawatts are underway to get rid of power crisis,
Published 21 Sep, 2015 12:00am
Anti-polio drive: six officials suspended for negligence

Anti-polio drive: six officials suspended for negligence

Deputy Commissioner (D.C) Swat has suspended six employees of health and education departments for showing negligence and carelessness in anti-polio drive in the district. Departmental proceedings have also been directed against the suspended officials.
Published 21 Sep, 2015 12:00am
Former professor accuses Sharjeel of occupying residential plot

Former professor accuses Sharjeel of occupying residential plot

A retired professor of University of Sindh has appealed to the Chief of Army Staff, DG Rangers, DG NAB and DG FIA for rendering him justice against land mafia who allegedly occupied his residential plot in Hyderabad with support of a sitting Sindh ministe
Published 21 Sep, 2015 12:00am
Sindh Police chalks out security plan for Eid

Sindh Police chalks out security plan for Eid

Sindh Police has evolved a security plan for Eidul Azha, under which over 15,500 police personnel will be deployed to maintain law and order in the city. The security plan was chalked out during a meeting on Sunday, which was presided over by Sindh Inspec
Published 21 Sep, 2015 12:00am
Government urged to focus on NAP implementation

Government urged to focus on NAP implementation

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao on Sunday said that attack on the PAF camp was the second biggest terror incident since the assault on Army Public School and urged the government to keenly focus on the implementation of National
Published 21 Sep, 2015 12:00am
GHA posts book on Safwat Ghayur Shaheed

GHA posts book on Safwat Ghayur Shaheed

A book written in four languages to pay tributes to the courageous police officer Safwat Ghayur shaheed has been posted online by Gandhara Hindko Academy (GHA) to make the publication accessible to maximum number of readers.
Published 21 Sep, 2015 12:00am
Prices of essential items soar ahead of Eid

Prices of essential items soar ahead of Eid

A sharp increase has been witnessed in the prices of vegetables, fruit and grocery items ahead of Eid-ul-Azha. According to a survey conducted by Business Recorder on Sunday, the prices of most of the grocery items have registered an increase of up
Published 21 Sep, 2015 12:00am
19th death anniversary of Murtaza Bhutto observed

19th death anniversary of Murtaza Bhutto observed

The Pakistan Peoples Party (PPP) and Pakistan Peoples Party (Shaheed Bhutto) on Sunday arranged separate programmes to mark the 19th death anniversary of former Chairman of PPP(SB) Mir Murtaza Bhutto at Garhi Khuda Bux Bhutto, Naudero and Larkana. Leaders
Published 21 Sep, 2015 12:00am
Unhygienic food outlets: ICT seals restaurants, bakeries

Unhygienic food outlets: ICT seals restaurants, bakeries

-In a major crackdown against the unhygienic food outlets in federal capital, the Islamabad Capital territory (ICT) administration sealed some prominent restaurants and bakeries in the city on Sunday.
Published 21 Sep, 2015 12:00am
405 soldiers complete training in counter- terrorism

405 soldiers complete training in counter- terrorism

Third National Integrated Counter Terrorism Training Course culminated at National Counter Terrorism Training Centre near Kharian on Sunday. As many as 405 soldiers from Pakistan Navy, Gilgit Baltistan Police, Special Security Unit Sindh Police, Punjab De
Published 21 Sep, 2015 12:00am
Global warming to pick up in 2015, 2016: experts

Global warming to pick up in 2015, 2016: experts

Man-made global warming is set to produce exceptionally high average temperatures this year and next, boosted by natural weather phenomena such as El Nino, Britain's top climate and weather body said in a report on September 14.
Published 21 Sep, 2015 12:00am
Despite fall in hunger, obesity and diabetes worsen around the globe

Despite fall in hunger, obesity and diabetes worsen around the globe

Despite a drop in the number of people facing starvation, nearly one in three of the world's population are malnourished, even as obesity spreads around the globe, an international food security think-tank said on September 15. Stunting - children too sho
Published 21 Sep, 2015 12:00am
Air pollution could kill 6.6 million people a year by 2050

Air pollution could kill 6.6 million people a year by 2050

Air contaminated with pollutants such as ozone and tiny particles could cause the premature death of about 6.6 million people a year by 2050 if nothing is done to improve air quality, scientists warned on September 16.
Published 21 Sep, 2015 12:00am
'Antibacterial soap no real threat to germs'

'Antibacterial soap no real threat to germs'

Antibacterial hand soaps containing a chemical flagged as potentially dangerous are not much better at killing germs than regular suds, researchers said on September 16. The chemical, triclosan, was long one of the commonest ingredients in antibacterial s
Published 21 Sep, 2015 12:00am
Coffee at night disrupts body's internal clock

Coffee at night disrupts body's internal clock

Drinking coffee before bedtime disrupts the body's internal clock, making it harder to get to sleep on time and more challenging to wake up in the morning, US researchers said. The findings in the journal Science Translational Medicine not only explain wh
Published 21 Sep, 2015 12:00am
Malaria deaths fall 60 percent since 2000: UN

Malaria deaths fall 60 percent since 2000: UN

Malaria deaths world-wide have fallen by 60 percent since 2000, the UN said on September 17, with improved diagnostic tests and the massive distribution of mosquito nets aiding dramatic progress against the disease. Fifteen years ago, an estimated 262 mil
Published 21 Sep, 2015 12:00am
Half of marine life wiped out in 40 years: WWF

Half of marine life wiped out in 40 years: WWF

Pollution, industrial fishing and climate change have killed off half of marine life in the last four decades, according to a WWF report released on September 16.
Published 21 Sep, 2015 12:00am
US scientists make tiny invisibility cloak

US scientists make tiny invisibility cloak

A tiny invisibility cloak has been invented by US scientists who are edging ever-closer to a real version of what has until now been a staple of science fiction, researchers said Thursday. The cloak, described in the journal Science, is microscopic in siz
Published 21 Sep, 2015 12:00am
Digital era hits income for writers: study

Digital era hits income for writers: study

The digital era is cutting into income for book authors, making it more difficult to live off writing alone, a survey by the Authors Guild said Tuesday. The survey said income for full-time US authors in 2015 fell 30 percent from 2009 to $17,500, and part
Published 21 Sep, 2015 12:00am
Sound in a small space: New headphones just out

Sound in a small space: New headphones just out

Headphones that not only sound good but also look chic - at this month's IFA consumer electronics fair in Berlin, manufacturers showcased new creations that produce a lot of sound in a tiny space. Here's an overview. In-ear headphones with Bluetooth often
Published 21 Sep, 2015 12:00am
Smartwatches, wearables open door to hackers: study

Smartwatches, wearables open door to hackers: study

People who wear smartwatches and connected fitness gadgets can open the door to hackers who could gain access to their data by spying on them as they type, US researchers say. In a study released this week, University of Illinois researchers said they cou
Published 21 Sep, 2015 12:00am
Pinterest claims 100 million users

Pinterest claims 100 million users

More than 100 million users are on Pinterest, the online bulletin board-style service which allows people to "pin" images based on their interests, the California company said Wednesday. Co-founder Evan Sharp told AFP that most of the users "are not just
Published 21 Sep, 2015 12:00am
From sublime to innovative: new smartphones & smart watches

From sublime to innovative: new smartphones & smart watches

Smartphones and smart watches have one thing in common: For many users they're not only commodities, but also personal companions - and prestige objects too. At this month's IFA consumer electronics fair in Berlin, manufacturers were vying to display the
Published 21 Sep, 2015 12:00am
Wearable tech market bursting at the seams: survey

Wearable tech market bursting at the seams: survey

The market for wearable tech, led by Apple Watch and a range of connected fitness gadgets, is exploding, a survey showed Monday. The report by research firm IDC said global wearable device shipments will reach 76.1 million units in 2015, up 163.6 percent
Published 21 Sep, 2015 12:00am
Facebook counters Twitter with tool for journalists

Facebook counters Twitter with tool for journalists

Facebook unveiled a new tool Thursday aimed at helping journalists using the social network track breaking and trending news, in a challenge to Twitter. The service called Signal, which is available for both Facebook and the Facebook-owned Instagram platf
Published 21 Sep, 2015 12:00am
Microsoft pulls six Lumia apps from Windows Phone store

Microsoft pulls six Lumia apps from Windows Phone store

Six Lumia apps have come to the end of the road, now that Microsoft is moving on to Windows 10. Lumia Panorama, Video Uploader, Storyteller, Beamer, Photobeamer and Lumia Refocus are no longer on the Windows Phone store, though updates should still be ava
Published 21 Sep, 2015 12:00am
Garmin's new dashcams offers crash warnings, bike radar

Garmin's new dashcams offers crash warnings, bike radar

Satellite navigation company Garmin has safety for car and bicycle drivers in mind with its newest dash cams. Attached to a car's windshield, the Dash Cam 35 can record information about accidents in full HD quality, along with location information and in
Published 21 Sep, 2015 12:00am
Ryanair targets quarter of European traffic within decade

Ryanair targets quarter of European traffic within decade

Ryanair expects to be operating one in every four European short-haul flights within the next eight to 10 years, driven by expansion in countries such as Germany as some of its rivals retreat, its chief executive said. The Irish carrier, which has around
Published 21 Sep, 2015 12:00am
Ryanair targets quarter of European traffic within decade

Ryanair targets quarter of European traffic within decade

Ryanair expects to be operating one in every four European short-haul flights within the next eight to 10 years, driven by expansion in countries such as Germany as some of its rivals retreat, its chief executive said. The Irish carrier, which has around
Published 21 Sep, 2015 12:00am
World's top 100 banks have met most new capital, liquidity rules early

World's top 100 banks have met most new capital, liquidity rules early

The world's 100 biggest banks all meet the tougher capital requirements agreed during the financial crisis and are closer to complying with new liquidity rules, global regulators said on September 15. The Basel Committee on Banking Supervision said that i
Published 21 Sep, 2015 12:00am
World's top 100 banks have met most new capital, liquidity rules early

World's top 100 banks have met most new capital, liquidity rules early

The world's 100 biggest banks all meet the tougher capital requirements agreed during the financial crisis and are closer to complying with new liquidity rules, global regulators said on September 15. The Basel Committee on Banking Supervision said that i
Published 21 Sep, 2015 12:00am
Oracle revenue falls on weak software sales
Currency

Oracle revenue falls on weak software sales

Oracle Corp's sales fell more than expected in the first quarter, hurt by a strong dollar and as the rapid shift by customers to lower-margin cloud-based software failed to make up for waning sales of traditional packaged software.
Published 21 Sep, 2015 12:00am
GE launches digital division

GE launches digital division

General Electric launched a digital division on September 14 that it hopes will propel the US industrial conglomerate into the top ranks of the software industry. As the company sheds financial assets to focus on its core industrial businesses, from makin
Published 21 Sep, 2015 12:00am
Nakheel signs $654 million construction contracts for mixed-use project

Nakheel signs $654 million construction contracts for mixed-use project

Dubai's Nakheel has signed contracts worth a combined 2.4 billion dirhams ($653.49 million) with three construction firms to help build a residential and retail property project in the city, the developer said on September 14. Nakheel, which agreed a $16
Published 21 Sep, 2015 12:00am
Gulf investor sentiment towards Saudi Arabia jumps

Gulf investor sentiment towards Saudi Arabia jumps

Gulf investors are increasingly planning to invest in Saudi Arabia on the back of confidence in its long-term economic performance and its opening to direct foreign investment, Invesco Asset Management said on September 14. In its annual Middle East asset
Published 21 Sep, 2015 12:00am
Gulf investor sentiment towards Saudi Arabia jumps

Gulf investor sentiment towards Saudi Arabia jumps

Gulf investors are increasingly planning to invest in Saudi Arabia on the back of confidence in its long-term economic performance and its opening to direct foreign investment, Invesco Asset Management said on September 14. In its annual Middle East asset
Published 21 Sep, 2015 12:00am
Zain eyes technology investments: CEO

Zain eyes technology investments: CEO

Kuwait's Zain will investment more in technology firms in parallel industries and is considering buying into two digital advertising companies, the telecom operator's chief executive said on September 14. Zain, like many Gulf telecoms operators, has suffe
Published 21 Sep, 2015 12:00am
Saudi banks still strong despite oil slump: SABB head
Currency

Saudi banks still strong despite oil slump: SABB head

Saudi Arabian banks' financial cushion and the government's commitment to keep spending should enable them to weather a prolonged slump in oil prices, even though loan growth is slowing, Saudi British Bank (SABB) said. SABB's Managing Director, David Dew,
Published 21 Sep, 2015 12:00am
Belgian Wickmayer takes Tokyo title

Belgian Wickmayer takes Tokyo title

Former US Open semi-finalist Yanina Wickmayer produced a superb fightback to beat Poland's Magda Linette 4-6, 6-3, 6-3 and win the Japan Women's Open on Sunday. The Belgian dug herself out of a hole in Tokyo as she claimed her first title of the year and
Published 21 Sep, 2015 12:00am
Son rises for Spurs

Son rises for Spurs

Son Heung-min's first Premier League goal earned Tottenham Hotspur victory over Crystal Palace on Sunday, while Liverpool's Daniel Sturridge and Manchester United's Wayne Rooney made comebacks from injury. South Korea international Son struck in the 68th
Published 21 Sep, 2015 12:00am
Martial shines again as Man Utd storm St Mary's

Martial shines again as Man Utd storm St Mary's

Anthony Martial's dramatic start to his Manchester United career continued as he scored twice in a 3-2 victory at Southampton on Sunday that left his side second in the Premier League table. Last weekend Martial, 19, made an immediate impression in his fi
Published 21 Sep, 2015 12:00am
US tears turn to joy as Europe beaten in Solheim Cup

US tears turn to joy as Europe beaten in Solheim Cup

After a dramatic, controversial and tearful final day, the USA defeated Europe on Sunday to win the Solheim Cup for the first time since 2009. Behind 10-6 going into the 12 singles - the same score that Europe trailed the USA before coming back to win the
Published 21 Sep, 2015 12:00am
Juventus end win drought, Totti reaches 300

Juventus end win drought, Totti reaches 300

Paul Pogba created one goal and scored another as Juventus finally claimed their first Serie A win of the season, while Francesco Totti hit his 300th goal for Roma in a 2-2 draw with Sassuolo. After their worst start to the season in several decades, Juve
Published 21 Sep, 2015 12:00am
Vettel shrugs off track invasion to win in Singapore

Vettel shrugs off track invasion to win in Singapore

Sebastian Vettel recovered from a heart-stopping track invasion by an unidentified fan on Sunday as he convincingly won the Singapore Grand Prix and closed the gap on Mercedes. Ferrari's Vettel led wire-to-wire for his third win this year, ahead of Red Bu
Published 21 Sep, 2015 12:00am
Australia tap Indian Sriram for spin lessons

Australia tap Indian Sriram for spin lessons

Australia have employed former India all-rounder Sridharan Sriram as a coaching consultant to help with their troubles playing spin bowling in the leadup to their tour of Bangladesh. A left-hand batsman and left-arm spinner, 39-year-old Sriram played eigh
Published 21 Sep, 2015 12:00am
Britain into Davis Cup final

Britain into Davis Cup final

Andy Murray fired Great Britain into a first Davis Cup final in 37 years where they will face either Belgium or Argentina who were locked in a tense deciding singles clash. World number three Murray cruised to a 7-5, 6-3, 6-2 win over Bernard Tomic to giv
Published 21 Sep, 2015 12:00am
Dhoni returns to captain India for South Africa series

Dhoni returns to captain India for South Africa series

India named Sunday uncapped all-rounder Gurkeerat Singh in the one-day squad for the first three matches against South Africa which will also see veteran Mahendra Singh Dhoni return to captain the side.
Published 21 Sep, 2015 12:00am
Chen Long retains Korea Open title

Chen Long retains Korea Open title

Men's top seed Chen Long of China successfully defended his Korea Open title here Sunday, ending the run of unseeded tournament sensation Ajay Jayaram in the final.
Published 21 Sep, 2015 12:00am
Woman referee makes French professional history

Woman referee makes French professional history

Referee Christine Hanizet made history by becoming the first woman to referee a men's professional rugby match as former French champions Perpignan hosted Dax in the French second division.
Published 21 Sep, 2015 12:00am
Waqar upbeat ahead of England series

Waqar upbeat ahead of England series

Pakistan coach Waqar Younis on Sunday said his side was "settled" and confident ahead of their upcoming series against a buoyant Ashes-winning England team. Pakistan will face England in the first of three Tests in Abu Dhabi from October 13 with Pakistani
Published 21 Sep, 2015 12:00am
Spain's economic recovery masks lingering jobs crisis

Spain's economic recovery masks lingering jobs crisis

Data shows Spain's economy recovering, but tell that to Javier Pichel: this summer he packed and left for the only place he could find a decent job - Germany. Millions of Spaniards are scraping by on benefits, family handouts or working cash-in-hand as th
Published 21 Sep, 2015 12:00am
Drought exposes cracks in Australia's acclaimed water market
Cotton

Drought exposes cracks in Australia's acclaimed water market

A pioneering Australian scheme to improve the management of water in the world's driest inhabited continent is facing its first real test as an intensifying El Nino threatens crops and builds tensions between farmers and environmentalists.
Published 21 Sep, 2015 12:00am
Saudi Arabia crude exports dip

Saudi Arabia crude exports dip

Saudi Arabia's crude oil exports dipped by 89,000 barrels per day (bpd) in July, while volumes used by local refineries and the country's refined products shipments rose from a month earlier, official data showed on Sunday.
Published 21 Sep, 2015 12:00am
Saudi king, Venezuela president discuss Opec strengthening

Saudi king, Venezuela president discuss Opec strengthening

Venezuelan President Nicolas Maduro and Saudi King Salman have spoken on the phone and discussed OPEC, according to the South American country's government, which is pushing for action to boost low oil prices that have battered its economy.
Published 21 Sep, 2015 12:00am
Nigeria signs financing deal for 36 oil wells

Nigeria signs financing deal for 36 oil wells

Nigeria's oil firm NNPC said Sunday it had signed a deal with a consortium of local and foreign lenders to develop 36 oil wells that would also boost domestic power generation in Africa's largest crude producer.
Published 21 Sep, 2015 12:00am
FBI launches investigation into Malaysian state fund 1MDB

FBI launches investigation into Malaysian state fund 1MDB

The US Federal Bureau of Investigation (FBI) has launched an investigation into allegations of money-laundering at troubled Malaysian state fund 1MDB, the Wall Street Journal reported on Sunday citing an unidentified source.
Published 21 Sep, 2015 12:00am
Israel to bring in 20,000 Chinese construction workers

Israel to bring in 20,000 Chinese construction workers

Israel plans to bring in 20,000 Chinese construction workers to help build new apartments as part of efforts to lower housing costs, Prime Minister Benjamin Netanyahu said Sunday. Netanyahu announced the plan at the start of a cabinet meeting, his office
Published 21 Sep, 2015 12:00am
Warner Bros, CMC in joint venture to launch China movies

Warner Bros, CMC in joint venture to launch China movies

Warner Brothers Entertainment and investment firm China Media Capital (CMC) are forming a joint venture to develop Chinese-language movies for the international market, they said in a statement on Sunday.
Published 21 Sep, 2015 12:00am
China to stockpile corn during 2015/16 at a lower price

China to stockpile corn during 2015/16 at a lower price

The Chinese government will continue its controversial corn stockpile policy during 2015/16 and will start to stock the grain from farmers at a lower price compared with last year, government bodies said in a statement late on Friday.
Published 21 Sep, 2015 12:00am
Symetis aims to grab market share after float

Symetis aims to grab market share after float

Symetis, a Swiss maker of replacement heart valves, hopes to grab market share with its products offering less invasive procedures without open-heart surgery, it said on Tuesday as it launched an 80 million Swiss franc ($83 million) stock sale. Symetis is
Published 21 Sep, 2015 12:00am
Freeport-McMoran files to sell additional shares worth $1 billion

Freeport-McMoran files to sell additional shares worth $1 billion

Diversified US miner and energy producer Freeport-McMoran Inc said it has filed to sell additional shares to raise up to $1 billion. The company also raised $1 billion in gross proceeds through the sale of 96.7 million shares that was announced on August
Published 21 Sep, 2015 12:00am
Egyptian pound stable
Currency

Egyptian pound stable

The Egyptian pound was held steady by the central bank at a dollar sale on Sunday, as it sold $37.8 million at a cut-off price of 7.7301 pounds per dollar, and was also stable on the parallel market. The official cut-off price remained unchanged from Thur
Published 21 Sep, 2015 12:00am
Worldpay looks to raise $1.4 billion in London listing

Worldpay looks to raise $1.4 billion in London listing

British payments processing firm Worldpay Group Ltd plans to raise about 890 million pounds ($1.4 billion) after deciding to list its shares rather than being taken over by French rival Ingenico. The company, owned by investment groups Advent Internationa
Published 21 Sep, 2015 12:00am
First Data Corp plans to raise $2.5 billion in IPO

First Data Corp plans to raise $2.5 billion in IPO

Payment processor First Data Corp plans to seek at least $2.5 billion in its initial public offering, making it the largest US IPO this year, Bloomberg reported. The company had filed for an initial public offering in July, setting up an exit for KKR & Co
Published 21 Sep, 2015 12:00am
First Data Corp plans to raise $2.5 billion in IPO

First Data Corp plans to raise $2.5 billion in IPO

Payment processor First Data Corp plans to seek at least $2.5 billion in its initial public offering, making it the largest US IPO this year, Bloomberg reported. The company had filed for an initial public offering in July, setting up an exit for KKR & Co
Published 21 Sep, 2015 12:00am
Canadian dollar to remain weak
Currency

Canadian dollar to remain weak

The battered Canadian dollar will stay weak in the coming months as the Bank of Canada and US Federal Reserve look set to take completely different policy paths, a Reuters poll of currency strategists forecasts. Volatile oil prices mean the commodity-sens
Published 21 Sep, 2015 12:00am
Blockchain investment firm Coinsilium delays IPO
Currency

Blockchain investment firm Coinsilium delays IPO

Coinsilium, a London-based investor in the technology that underpins digital currency bitcoin, has delayed a stock market listing that had been due to take place in August on Britain's junior AIM market, two company representatives told Reuters.
Published 21 Sep, 2015 12:00am
Tokyo to digest US rate decision over long weekend
Currency

Tokyo to digest US rate decision over long weekend

Tokyo investors will be cautiously watching global stock markets for cues next week to gauge the impact of the US central bank's decision not to raise rates, analysts said. Dealers will have three extra days to digest the news, which saw Tokyo shares defy
Published 21 Sep, 2015 12:00am
Acacia Pharma hopes to raise up to $230 million in London IPO

Acacia Pharma hopes to raise up to $230 million in London IPO

Acacia Pharma, a specialist in finding new uses for existing medicines or "repurposing" them, said on Monday it planned to float in London, marking a further boost for British pharmaceutical and biotech fundraising.
Published 21 Sep, 2015 12:00am
Acacia Pharma hopes to raise up to $230 million in London IPO

Acacia Pharma hopes to raise up to $230 million in London IPO

Acacia Pharma, a specialist in finding new uses for existing medicines or "repurposing" them, said on Monday it planned to float in London, marking a further boost for British pharmaceutical and biotech fundraising.
Published 21 Sep, 2015 12:00am
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