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Print - 2015-12-07
London Tube stabbings 'terrorist incident'

London Tube stabbings 'terrorist incident'

British police are investigating as a "terrorist incident" the stabbing of three people at a London Underground train station on Saturday, which left a pool of blood in the ticket hall. One eyewitness at Leytonstone station shouted "You're no Muslim" at t
Published 07 Dec, 2015 12:00am
Governor of Aden killed in car bomb claimed by IS

Governor of Aden killed in car bomb claimed by IS

A car bombing claimed by the Islamic State group Sunday killed the governor of Yemen's second city Aden, a day after the UN's envoy visited to press for long-delayed peace talks.
Published 07 Dec, 2015 12:00am
Governor of Aden killed in car bomb claimed by IS

Governor of Aden killed in car bomb claimed by IS

A car bombing claimed by the Islamic State group Sunday killed the governor of Yemen's second city Aden, a day after the UN's envoy visited to press for long-delayed peace talks.
Published 07 Dec, 2015 12:00am
Current expenditure up by Rs 871 billion

Current expenditure up by Rs 871 billion

The budgeted current expenditure increased from Rs 2,611 billion in 2012-13 to budgeted estimate of Rs 3,482 billion for 2015-16 ie by Rs 871 billion (about 24 percent), which according to economists is negatively affecting development expenditure and gro
Published 07 Dec, 2015 12:00am
Current expenditure up by Rs 871 billion

Current expenditure up by Rs 871 billion

The budgeted current expenditure increased from Rs 2,611 billion in 2012-13 to budgeted estimate of Rs 3,482 billion for 2015-16 ie by Rs 871 billion (about 24 percent), which according to economists is negatively affecting development expenditure and gro
Published 07 Dec, 2015 12:00am
Current expenditure up by Rs 871 billion

Current expenditure up by Rs 871 billion

The budgeted current expenditure increased from Rs 2,611 billion in 2012-13 to budgeted estimate of Rs 3,482 billion for 2015-16 ie by Rs 871 billion (about 24 percent), which according to economists is negatively affecting development expenditure and gro
Published 07 Dec, 2015 12:00am
Agreement reached on political solution to Libya conflict

Agreement reached on political solution to Libya conflict

Warring Libyan factions meeting in Tunisia said Sunday they had reached an agreement to be approved by rival parliaments on ending the political deadlock that has plagued the country since Moamer Kadhafi's overthrow. "This is a historic moment the Libyans
Published 07 Dec, 2015 12:00am
Agreement reached on political solution to Libya conflict

Agreement reached on political solution to Libya conflict

Warring Libyan factions meeting in Tunisia said Sunday they had reached an agreement to be approved by rival parliaments on ending the political deadlock that has plagued the country since Moamer Kadhafi's overthrow. "This is a historic moment the Libyans
Published 07 Dec, 2015 12:00am
Immovable properties: FBR compiling database of declared values

Immovable properties: FBR compiling database of declared values

The Federal Board of Revenue (FBR) is compiling a national database of declared values of immovable properties, available with the Regional Registration Authorities during 2013, 2014 and 2015, to verify the information submitted by buyers/sellers in their
Published 07 Dec, 2015 12:00am
Immovable properties: FBR compiling database of declared values

Immovable properties: FBR compiling database of declared values

The Federal Board of Revenue (FBR) is compiling a national database of declared values of immovable properties, available with the Regional Registration Authorities during 2013, 2014 and 2015, to verify the information submitted by buyers/sellers in their
Published 07 Dec, 2015 12:00am
Immovable properties: FBR compiling database of declared values

Immovable properties: FBR compiling database of declared values

The Federal Board of Revenue (FBR) is compiling a national database of declared values of immovable properties, available with the Regional Registration Authorities during 2013, 2014 and 2015, to verify the information submitted by buyers/sellers in their
Published 07 Dec, 2015 12:00am
Key bank warns against 'uneasy calm' in global markets

Key bank warns against 'uneasy calm' in global markets

The Bank for International Settlements (BIS) issued a warning Sunday over an "uneasy calm" within financial markets, noting that the global economy remains vulnerable to serious disruptions.
Published 07 Dec, 2015 12:00am
Key bank warns against 'uneasy calm' in global markets

Key bank warns against 'uneasy calm' in global markets

The Bank for International Settlements (BIS) issued a warning Sunday over an "uneasy calm" within financial markets, noting that the global economy remains vulnerable to serious disruptions.
Published 07 Dec, 2015 12:00am
Key bank warns against ''uneasy calm'' in global markets

Key bank warns against ''uneasy calm'' in global markets

The Bank for International Settlements (BIS) issued a warning Sunday over an "uneasy calm" within financial markets, noting that the global economy remains vulnerable to serious disruptions.
Published 07 Dec, 2015 12:00am
Tripda: Cracking a viable business model in sharing economy

Tripda: Cracking a viable business model in sharing economy

Ahmed Usman is the country manager of Tripda Pakistan. He has over five years of experience in building start-ups, management consulting, business development and banking. Mr. Usman has previously worked for the likes of GE, Chevron and Meezan Bank. BR Re
Published 07 Dec, 2015 12:00am
Tripda: Cracking a viable business model in sharing economy

Tripda: Cracking a viable business model in sharing economy

Ahmed Usman is the country manager of Tripda Pakistan. He has over five years of experience in building start-ups, management consulting, business development and banking. Mr. Usman has previously worked for the likes of GE, Chevron and Meezan Bank. BR Re
Published 07 Dec, 2015 12:00am
'No compromise on safe travelling environment'

'No compromise on safe travelling environment'

The Deputy Inspector General National Highways & Motorway Police Mirza Faran Baig said no compromise will be made in providing safe and secure travelling environment and extending timely and effective help to the road users travelling on national highways
Published 07 Dec, 2015 12:00am
People have rejected Imran's politics: Rashid

People have rejected Imran's politics: Rashid

Minister for Information Pervez Rashid has asked Pakistan Tehreek-e-Insaf Chairman Imran Khan to resign from his NA-56 constituency and re-take the mandate of the people after humiliating defeat of his party in Saturday's local bodies' elections in Rawalp
Published 07 Dec, 2015 12:00am
No terror incident in GB after 2013 elections: chief minister

No terror incident in GB after 2013 elections: chief minister

Gilgit-Baltistan Chief Minister Hafiz Hafeezur Rehman on Sunday said the PML-N government through its effective and prudent policies has been able to ensure the overall peace and unity in Gilgit-Baltistan region.
Published 07 Dec, 2015 12:00am
Punjab Assembly team on UK study tour

Punjab Assembly team on UK study tour

A four-member parliamentary delegation of the provincial assembly of Punjab will proceed to UK on study tour of the House of Commons and Scottish Parliament, arranged by the Westminster Foundation for Democracy UK today (Sunday). The tour will be till Dec
Published 07 Dec, 2015 12:00am
Computer industry submits tax proposals

Computer industry submits tax proposals

The computer industry has submitted tax policy proposals to increase their share in revenue collection including fixation of duties and taxes on import of all IT products as full and final discharge of tax liability, raise in sales tax registration thresh
Published 07 Dec, 2015 12:00am
Election setback: Imran summons PTI leaders today

Election setback: Imran summons PTI leaders today

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has called the party leadership to Islamabad on Monday to review the set backs the party suffered in local body polls and devise the future strategy. More than 200 central and provincial senior leaders in
Published 07 Dec, 2015 12:00am
Trade officers: Summary sent to Prime Minister

Trade officers: Summary sent to Prime Minister

Commerce Ministry has reportedly sent a summary to the Prime Minister Nawaz Sharif for approval of selected trade officers for approval, well informed sources told Business Recorder. Government will appoint 41 trade officers of BS-20, 19 and 18 in
Published 07 Dec, 2015 12:00am
'We feel ashamed': relatives of California shooter

'We feel ashamed': relatives of California shooter

Estranged relatives of a Pakistani woman involved in a mass shooting in California spoke Sunday of their shame at her crimes, as former classmates and teachers painted a picture of a quiet, religiously conservative student. Tashfeen Malik, 29, and her hus
Published 07 Dec, 2015 12:00am
Minister for sharing Christmas joys with poor

Minister for sharing Christmas joys with poor

Provincial Minister for Minority Affairs and Human Rights, Khalil Tahir Sandhu has said that sharing of Christmas joys with the poor and destitute persons is the real spirit of this festival. He was speaking at distribution of Christmas gifts among deserv
Published 07 Dec, 2015 12:00am
Ebad for updating, improving legal education

Ebad for updating, improving legal education

Sindh Governor Dr Ishrat-ul-Ebad Khan has called for updating and improving further the legal education to fully cater to the present-day needs. He made these remarks while speaking at an international conference on legal education, says a statement on Su
Published 07 Dec, 2015 12:00am
Reduced cotton output a threat to economy: Shahid
Cotton

Reduced cotton output a threat to economy: Shahid

The reduced cotton output estimated to be under 10 million bales this year is to threaten livelihoods of millions of farmers and Pakistan's largest textile industry, Mian Shahid, Chairman of the United International Group said here on Sunday.
Published 07 Dec, 2015 12:00am
Liberation of Kashmir our national agenda: JI chief

Liberation of Kashmir our national agenda: JI chief

Jamaat-e-Islami chief, Senator Sirajul Haq, has said that the liberation of Kashmir was our national agenda and the nation wanted a serious effort by the Pakistani rulers and the Azad Kashmir government in this respect.
Published 07 Dec, 2015 12:00am
Sialkot Zila Council: PML-N grabs 61 seats

Sialkot Zila Council: PML-N grabs 61 seats

Pakistan Muslim League-N (PML-N) has won 61 seats of Zila council while independent candidates won 54 and PTI grabbed 9 seats in the local bodies' election. Similarly, PML-N grabbed 19 seats in Corporation seats while independent candidate got one.
Published 07 Dec, 2015 12:00am
Major Shabbir Sharif: 44th Martyrdom Day anniversary observed

Major Shabbir Sharif: 44th Martyrdom Day anniversary observed

The 44th martyrdom day anniversary of Major Shabbir Sharif; who received the highest military award Nishan-e-Haider for his gallantry in the 1971 war against India, was observed here on Sunday. He was the eldest brother of Chief of Army Staff General Rahe
Published 07 Dec, 2015 12:00am
Oil-rich Venezuela votes in tense economic crisis
Currency

Oil-rich Venezuela votes in tense economic crisis

Venezuelans voted Sunday in tense elections that could see the opposition seize legislative power from the socialist government and risk sparking violence in the oil-rich, cash-poor nation. Queues of hundreds formed at polling stations before dawn as vote
Published 07 Dec, 2015 12:00am
German Vice Chancellor warns Saudi Arabia over `Islamist funding'

German Vice Chancellor warns Saudi Arabia over `Islamist funding'

German Vice Chancellor Sigmar Gabriel urged Saudi Arabia on Sunday to stop supporting religious radicals, amid growing concern among some lawmakers in Berlin about the funding of militant mosques by the world's biggest oil exporter.
Published 07 Dec, 2015 12:00am
Climate funding piles up, but nations argue over how quickly

Climate funding piles up, but nations argue over how quickly

Developed nations have mobilised some $80-$90 billion per year to help the poorest survive a warmer world, delegates at Paris climate talks said, but emerging countries dispute the figures and say a goal of $100 billion by 2020 is far from reach. The issu
Published 07 Dec, 2015 12:00am
World chess chief hands over powers after US sanctions

World chess chief hands over powers after US sanctions

The head of the World Chess Federation (FIDE), Kirsan Ilyumzhinov, has temporarily transferred most of his powers to his deputy after being added to a US sanctions list for alleged ties to the Syrian regime, the organisation said Sunday.
Published 07 Dec, 2015 12:00am
Aid reaches Syrian rebel-held area of Homs

Aid reaches Syrian rebel-held area of Homs

Humanitarian aid has reached a besieged rebel-held area in the central Syrian city of Homs, part of a local cease-fire deal that is to include the withdrawal of opposition fighters, the Syrian Observatory for Human Rights said.
Published 07 Dec, 2015 12:00am
Man overpowered on Lufthansa flight after interfering with door

Man overpowered on Lufthansa flight after interfering with door

Lufthansa crew and passengers overpowered a man who interfered with a cabin door on a Frankfurt-Belgrade flight on Sunday, the German carrier said, insisting the safety of the plane had not been threatened. "A passenger got up and tried to do something at
Published 07 Dec, 2015 12:00am
Britain calls crisis meeting as floods hit northern England; one killed

Britain calls crisis meeting as floods hit northern England; one killed

Britain's emergency response committee met on Sunday after prolonged heavy rain caused widespread flooding in north-west England and forced emergency services to evacuate residents from their homes. The meeting was called after storms battered the country
Published 07 Dec, 2015 12:00am
Red Cross says seeking permission to work in IS territory

Red Cross says seeking permission to work in IS territory

The International Committee of the Red Cross has said it is trying to establish relations with the Islamic State group in hopes of delivering aid to the 10 million people living under its control.
Published 07 Dec, 2015 12:00am
India eyes steady steps, not 'big bang', towards freer rupee
Currency

India eyes steady steps, not 'big bang', towards freer rupee

India is taking steady steps towards an increasingly free currency, Reserve Bank of India governor Raghuram Rajan said on Tuesday, but it will avoid a "big bang" liberalisation. China's accession to the International Monetary Fund's benchmark currency bas
Published 07 Dec, 2015 12:00am
Singapore to cooperate further with China on yuan development
Currency

Singapore to cooperate further with China on yuan development

The Singapore Monetary Authority of Singapore (MAS) said on Tuesday it aimed to cooperate with China to boost the use of the yuan in Singapore and south-east Asia after the International Monetary Fund added the Chinese currency to its reserves basket.
Published 07 Dec, 2015 12:00am
Egyptian pound steady
Currency

Egyptian pound steady

The Egyptian pound held steady at an official foreign currency auction on Sunday and strengthened slightly on the black market Egypt, which depends on imported food and energy, is facing a dollar shortage and mounting pressure to devalue the pound. The ce
Published 07 Dec, 2015 12:00am
US fund managers' allocations steady, equities near survey lows

US fund managers' allocations steady, equities near survey lows

US fund managers kept their recommendations for equity holdings steady for a third month in November, and near their lowest since the financial crisis, pending a widely-expected Federal Reserve rate hike, a Reuters poll found.
Published 07 Dec, 2015 12:00am
US fund managers' allocations steady, equities near survey lows

US fund managers' allocations steady, equities near survey lows

US fund managers kept their recommendations for equity holdings steady for a third month in November, and near their lowest since the financial crisis, pending a widely-expected Federal Reserve rate hike, a Reuters poll found.
Published 07 Dec, 2015 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.95-78.95 (previous 78.94-78.95). 01.75-04.50 percent (* Previous 01.50-04.50 percent). (* revised).
Published 07 Dec, 2015 12:00am
China funds increase equity allocations as risk appetite rises

China funds increase equity allocations as risk appetite rises

Chinese fund managers raised suggested equity exposure for the next three months, for the second month in a row, according to a monthly Reuters poll conducted before Friday's market slide, indicating a pick-up in risk appetite and investor optimism.
Published 07 Dec, 2015 12:00am
China funds increase equity allocations as risk appetite rises

China funds increase equity allocations as risk appetite rises

Chinese fund managers raised suggested equity exposure for the next three months, for the second month in a row, according to a monthly Reuters poll conducted before Friday's market slide, indicating a pick-up in risk appetite and investor optimism.
Published 07 Dec, 2015 12:00am
'Crown still weaker than predicted'
Currency

'Crown still weaker than predicted'

Norway's crown currency remains weaker than the country's central bank predicted when it presented its latest economic forecasts in September, Governor Oeystein Olsen said on the sidelines of a business conference. On a trade weighted basis the crown inde
Published 07 Dec, 2015 12:00am
Indonesia's FX buffer smaller than it looks
Currency

Indonesia's FX buffer smaller than it looks

Indonesia's foreign currency reserves have doubled in size in the eight years since the global financial crisis roiled its markets but an examination by Reuters of its reserve assets shows a thinner buffer than officially reported data on gross reserves s
Published 07 Dec, 2015 12:00am
China forecast to become world's biggest electric car market

China forecast to become world's biggest electric car market

China is forecast to become the world's biggest electric car market this year, with sales estimated at 220,000 to 250,000 vehicles, the official news agency Xinhua said on Sunday, quoting the China Association of Automobile Manufacturers.
Published 07 Dec, 2015 12:00am
Kenya gets $1.5 billion loan from China to extend railway

Kenya gets $1.5 billion loan from China to extend railway

Kenya has secured a $1.5 billion loan from China to extend its railway from the capital to the Rift Valley town of Naivasha, a spokesman for the Kenyan presidency said on Sunday. The faster railway being built from the Indian Ocean port of Mombasa is expe
Published 07 Dec, 2015 12:00am
Bangladesh exports up 13.73 percent

Bangladesh exports up 13.73 percent

Bangladesh's exports rose 13.73 percent to $2.75 billion in November from a year earlier, driven by stronger garment sales, official data showed on Sunday. Exports from July to November, the first five months of the country's 2015-16 financial year, rose
Published 07 Dec, 2015 12:00am
Volkswagen denies Qatar talks sought to curb labour role

Volkswagen denies Qatar talks sought to curb labour role

Volkswagen has denied a report saying its chief executive and chairman were urged on Sunday by its third-largest shareholder to reduce the influence of VW's powerful unions as it battles to overcome its emissions scandal.
Published 07 Dec, 2015 12:00am
Greek parliament approves austere budget for 2016

Greek parliament approves austere budget for 2016

The Greek parliament approved a 2016 budget featuring sharp cuts in spending and some tax increases to satisfy the country's international lenders at a time of growing austerity fatigue.
Published 07 Dec, 2015 12:00am
African nations aim to restore 100 million hectares of land by 2030

African nations aim to restore 100 million hectares of land by 2030

Ten African countries have committed to restore 31 million hectares of degraded and deforested land, under a new push to make 100 million hectares productive again by 2030. The AFR100 scheme, launched on Sunday in Paris, will be backed by $1 billion from
Published 07 Dec, 2015 12:00am
Iran oil minister blames Opec oversupply for low crude prices

Iran oil minister blames Opec oversupply for low crude prices

Opec members that supply too much crude oil to the market are responsible for low prices, Iran's oil minister said on Sunday, two days after the cartel failed to agree on a production ceiling. The Organization of the Petroleum Exporting Countries (Opec),
Published 07 Dec, 2015 12:00am
Chevron starts natural gas production from two new wells in Bangladesh

Chevron starts natural gas production from two new wells in Bangladesh

Chevron has started producing gas from two new wells in the Bangladeshi state of Sylhet, aimed at easing the country's chronic energy shortages. The US oil and energy company, the largest foreign investor in the Bangladesh's energy sector, will initially
Published 07 Dec, 2015 12:00am
Gritty South Africa defy India in fourth Test

Gritty South Africa defy India in fourth Test

South Africa fought on Sunday to try to save the fourth and final Test after Ajinkya Rahane scored his second century of the match to give India control on the second-last day. Chasing a highly improbable target of 481, South Africa stonewalled the opposi
Published 07 Dec, 2015 12:00am
Siddle playing for his Test spot in Hobart

Siddle playing for his Test spot in Hobart

Senior paceman Peter Siddle said Sunday he was playing for his place in a rejigged Australian attack at this week's first Test against the West Indies in Hobart. Siddle has overcome back trouble suffered in Australia's day-night Test win in Adelaide over
Published 07 Dec, 2015 12:00am
Robertson makes maximum 147 break in UK Championship

Robertson makes maximum 147 break in UK Championship

Australian Neil Robertson has become the first player to make a maximum 147 break in the final of the UK Championship on Sunday. The 33-year-old's effort came in frame six and put him 4-2 up on China's Liang Wenbo in the best-of 19 final to earn a £44,000
Published 07 Dec, 2015 12:00am
World number one Serena back after bout with 'pain'

World number one Serena back after bout with 'pain'

Serena Williams said Sunday she was ready to rejoin the women's tennis tour after a bout with pain and injuries that caused the world number one to cut short her 2015 season. The 34-year-old American was largely rusty as she lost in mixed doubles before b
Published 07 Dec, 2015 12:00am
Australia's Holman wins Australian PGA in play-off

Australia's Holman wins Australian PGA in play-off

Australian Nathan Holman won the European Tour co-sanctioned Australian PGA Championship in a three-way playoff at Royal Pines on Sunday. Holman won on the first play-off hole with a par from American Harold Varner III and South Africa's Dylan Frittelli.
Published 07 Dec, 2015 12:00am
Federer set to play mixed doubles with Hingis in Rio

Federer set to play mixed doubles with Hingis in Rio

Roger Federer is expected to play mixed doubles with fellow Swiss national Martina Hingis at the 2016 Olympic games in Rio, Le Matin Dimanche newspaper reported, revealing what the paper called a "Dream Team".
Published 07 Dec, 2015 12:00am
One-fifth of English referees physically abused

One-fifth of English referees physically abused

Nearly one-fifth of soccer referees in England who responded to a survey say they have been subjected to physical abuse, according to a BBC radio programme broadcast on Sunday. A study by academics from three universities received responses from more than
Published 07 Dec, 2015 12:00am
Platini lawyers say document could help prove his innocence

Platini lawyers say document could help prove his innocence

European soccer chief Michel Platini's legal team believes a 23-page memo published by a French newspaper on Sunday could help clear him of wrongdoing and allow him back into the FIFA presidential race. Platini, until recently seen as the man to lead socc
Published 07 Dec, 2015 12:00am
US women cancel match over poor field conditions

US women cancel match over poor field conditions

The United States women's football team called off its Women's World Cup "Victory Tour" match Sunday against Trinidad and Tobago at Honolulu, declaring the artificial pitch unsuitable for an international match.
Published 07 Dec, 2015 12:00am
Tariq wins All Pakistan Garrison Open Golf title

Tariq wins All Pakistan Garrison Open Golf title

A passionate competition was witnessed between national level golfers during the All Pakistan Garrison Open Golf Tournament that was held at the lush green Lahore Garrison Golf and Country Club (LGG&CC) from December 3-6, 2015.
Published 07 Dec, 2015 12:00am
Barca held at Valencia, Benzema double rallies Madrid

Barca held at Valencia, Benzema double rallies Madrid

New Valencia coach Gary Neville watched on from the stands as Santi Mina's late equaliser handed his side a shock 1-1 draw at home to European champions Barcelona. Luis Suarez had put the visitors into a controversial lead as he appeared to be offside bef
Published 07 Dec, 2015 12:00am
First Serena Hotels Open Tennis Championship begins

First Serena Hotels Open Tennis Championship begins

On the opening day of first Serena Hotels Open Tennis Championship, 2015, 48 qualifying matches were decided here at S. Dilawar Abbas PTF Tennis Complex, Islamabad. This prestigious Championships is being sponsored by Serena Hotels having the richest priz
Published 07 Dec, 2015 12:00am
Destro stuns Napoli

Destro stuns Napoli

Mattia Destro hit a brace in a 3-2 win as Bologna dented Napoli's Serie A title hopes, while Fiorentina moved up to second behind leaders Inter with a 2-0 win over Udinese. Napoli travelled to the Dall'Ara stadium expecting to maintain a long unbeaten run
Published 07 Dec, 2015 12:00am
SE Asia needs to do more to open markets: study

SE Asia needs to do more to open markets: study

Despite numerous pledges and years of effort to transform Southeast Asia into a single market, the 10-nation region remains resistant to free-flowing trade and fortified against imports, to the cost of some global companies, according to a study for one o
Published 07 Dec, 2015 12:00am
Toyota to boost supply of trucks, SUVs by 2016

Toyota to boost supply of trucks, SUVs by 2016

Toyota Motor Corp's production of trucks and SUVs will rise slightly by mid-2016 as it adapts to US consumer tastes, several of its executives said in an interview on December 03.
Published 07 Dec, 2015 12:00am
Morgan Stanley plans hundreds of layoffs: report

Morgan Stanley plans hundreds of layoffs: report

Morgan Stanley plans to cut hundreds of jobs in its debt and currencies division because of a drop in revenue, the Wall Street Journal reported on December 01. Altogether, a quarter of the staff at this division of the US investment bank could be made red
Published 07 Dec, 2015 12:00am
Schlumberger to cut more jobs as drilling downturn bites

Schlumberger to cut more jobs as drilling downturn bites

Oil service company Schlumberger announced another round of job cuts on December 01, adding to 20,000 already this year, as low oil prices and a slowdown in drilling was expected to continue into next year. The layoffs, which will incur a pretax restructu
Published 07 Dec, 2015 12:00am
Scotiabank profit rises amid capital markets, energy concerns

Scotiabank profit rises amid capital markets, energy concerns

Bank of Nova Scotia reported a higher quarterly profit on December 01, helped by asset growth and favourable foreign exchange moves, but weakness at its capital markets business and an increase in bad energy loans weighed on investor sentiment. Shares of
Published 07 Dec, 2015 12:00am
Credit Suisse names Chui as new Asia-Pacific ECM head

Credit Suisse names Chui as new Asia-Pacific ECM head

Credit Suisse has appointed Johnson Chui as head of equity capital markets (ECM) for Asia Pacific and created an investment banking role for frontier markets, both part of new senior appointments in Asia, according a person familiar with the matter.
Published 07 Dec, 2015 12:00am
Nikkei seeks global digital powerhouse with $1.3 billion FT purchase

Nikkei seeks global digital powerhouse with $1.3 billion FT purchase

Nikkei Inc. will use its $1.3 billion purchase of the Financial Times to build a global digital powerhouse by using data to win new clients and by harnessing the British newspaper's skill at getting subscribers to pay for content, its chairman said.
Published 07 Dec, 2015 12:00am
Deutsche Bank to sift 'big data' to get closer to customers

Deutsche Bank to sift 'big data' to get closer to customers

Deutsche Bank is embarking on a major computer systems upgrade that will help it to make greater use of so-called "big data" to provide a detailed picture of how, when and where customers interact with it, the bank's chief data officer said in an intervie
Published 07 Dec, 2015 12:00am
EU, Internet giants join forces to fight online extremism

EU, Internet giants join forces to fight online extremism

The European Union on Thursday launched a forum bringing together Internet firms like Google, Facebook and Twitter as well as law enforcement agencies to combat online extremism. The move comes amid growing alarm in Europe over the use of social media as
Published 07 Dec, 2015 12:00am
Yahoo Messenger rebuilt with eye to the future

Yahoo Messenger rebuilt with eye to the future

Yahoo launched a next-generation messaging platform Thursday in an ambitious bid to steal a march on a crowded field, as rumours swirled that the Internet pioneer is considering selling its core business. New Yahoo Messenger apps were released in English
Published 07 Dec, 2015 12:00am
Discovery launches streaming service for pay TV subscribers

Discovery launches streaming service for pay TV subscribers

Discovery Communications Inc launched its own streaming service on Tuesday to offer more options for cable and satellite TV subscribers. The service, called Discovery GO, will let subscribers watch live and on-demand shows from nine US Discovery networks
Published 07 Dec, 2015 12:00am
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