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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-10
Vietnam warns China over air safety threat

Vietnam warns China over air safety threat

Vietnam's civil aviation authority has accused Beijing of threatening regional air safety by conducting unannounced flights through its airspace to a disputed reef in the South China Sea, state media said Saturday. The Civil Aviation Authority of Vietnam
Published 10 Jan, 2016 12:00am
'Prolonged dry spell may affect wheat crop badly'

'Prolonged dry spell may affect wheat crop badly'

The prolonged dry spell would badly affect wheat crop especially in rain-fed areas of the country as the crop needed more water during those days, said agriculture experts and Meteorological Department officials on Saturday. A senior official of Ministry
Published 10 Jan, 2016 12:00am
Chandio assures support to Hyderabad traders

Chandio assures support to Hyderabad traders

Advisor to Chief Minister Sindh on Information, Moula Bux Chandio said that all issues being faced by Hyderabad business community would be taken up personally with Chief Minister Sindh and other departments concerned of Sindh government to resolve them.
Published 10 Jan, 2016 12:00am
Gold import soars by 25.06 percent

Gold import soars by 25.06 percent

Country's gold import bill soared by 25.06 percent to $11.208 million in July-November 2015-16, official figures say. The gold import increase stood by $2.246 million in July-November 2014-15 as compared to the precious metal import of $8.962 million in J
Published 10 Jan, 2016 12:00am
Body left due to negligence: PIA spokesman

Body left due to negligence: PIA spokesman

PIA has claimed that the incident about leaving dead body of a Pakistani at Dubai airport took place on Friday due to negligence on the part of the staff of local handling company. PIA spokesman in a statement here Saturday said PIA's Dubai office has lod
Published 10 Jan, 2016 12:00am
Two target killers among 17 criminals arrested

Two target killers among 17 criminals arrested

At least 17 criminals, including two target killers, were arrested from different areas here on Saturday. According to police sources, two suspected target killers were held in Kalakot area. The accused were involved in incidents of target killing and oth
Published 10 Jan, 2016 12:00am
Kati team calls on Sindh chief minister

Kati team calls on Sindh chief minister

Sindh Chief Minister Syed Qaim Ali Shah has assured business community that government will resolve all their issues related to provincial government on priority basis. Talking to a delegation of Korangi Association of Trade and Industry (Kati) lead by it
Published 10 Jan, 2016 12:00am
Installation of TCAS may be completed by month-end

Installation of TCAS may be completed by month-end

The installation of Traffic Collision Avoidance System (TCAS) in PIA aircraft is likely to be completed by the end of current month; it is learnt Saturday. The installation of TCAS has been commenced after the ban imposed by UAE on all PIA aircrafts excep
Published 10 Jan, 2016 12:00am
Allocation of land to IBA not approved by KU syndicate

Allocation of land to IBA not approved by KU syndicate

The syndicate of University of Karachi has not approved further allocation of land to Institute of Business Administration (IBA) and maintained that the land area occupied by the institute in 1994 would remain unchanged. The syndicate meeting, held Saturd
Published 10 Jan, 2016 12:00am
Bilawal meets Taseers

Bilawal meets Taseers

Pakistan People's Party Chairman Bilawal Bhutto visited the family of the slain Punjab governor, Salmaan Taseer, on Saturday to convey party Co-Chairman Asif Zardari's message to the latter's son, Shehryar Taseer. Bakhtawar Bhutto also accompanied her bro
Published 10 Jan, 2016 12:00am
Allegations made: power plant project hit by corruption

Allegations made: power plant project hit by corruption

A former military officer made accusations of massive corruption in 24megawatt Jabori power Project at Mansehra and urged the government to take action against the people involved in the illegal practices. Speaking at a press conference at Peshawar Press
Published 10 Jan, 2016 12:00am
LSE's TREC holders formally inducted into PSX
Exchange

LSE's TREC holders formally inducted into PSX

As the formal inauguration of the Pakistan Stock Exchange (PSX) Limited draws near, the Lahore Stock Exchange's TREC holders were formally inducted into the former, enabling them to start trading on the eve of the launch on January 11. The chairman of the
Published 10 Jan, 2016 12:00am
Pakistan to display products at Heimtextil Frankfurt

Pakistan to display products at Heimtextil Frankfurt

Pakistan is taking part in Heimtextil, Frankfurt to introduce the best quality textile transformed into bed linens, upholstery, furniture fabric, household decorative covers, garments etc. Pakistanis will display their products in the 70 to 80 stalls. Sye
Published 10 Jan, 2016 12:00am
'Launch of IP-COM will be landmark for IT, internet sector'

'Launch of IP-COM will be landmark for IT, internet sector'

Global Sales Director, IP-COM, a China based wireless APs and networks manufacturer company, Bruce has said that Chinese companies are keen to market their products in information technology sector in Pakistan as this would help people of both countries t
Published 10 Jan, 2016 12:00am
DHA land scandal: accused's remand extended by two days

DHA land scandal: accused's remand extended by two days

Accountability Court (AC) on Saturday remanded a key culprit of Defence Housing Authority's (DHA) corruption scandal involving funds up to Rs 16 crore, Hamad Arshad in National Accountability Bureau's (NAB) custody for another two days. National Accountab
Published 10 Jan, 2016 12:00am
1400 teachers removed for poor performance: Khattak

1400 teachers removed for poor performance: Khattak

KP Chief Minister Pervez Khattak Saturday said that the promotions of teachers have been linked with their results and on failure of bringing improvement in performance; they will be sent home. In this connection, he said that more than 1400 teachers have
Published 10 Jan, 2016 12:00am
ICCI signs MoU with RBF to promote trade, exports

ICCI signs MoU with RBF to promote trade, exports

Islamabad Chamber of Commerce and Industry (ICCI) has signed a Memorandum of Understanding (MoU) with Radiant Businessmen Forum (RBF) to promote Pakistan's trade and exports with foreign countries. Salih Demir Pazarci, Chief Executive Officer, Radiant Bus
Published 10 Jan, 2016 12:00am
Jamaat-e-Islami chief voices his opposition to interest-based economy

Jamaat-e-Islami chief voices his opposition to interest-based economy

Announcing practical struggle for the enforcement of Islamic system, Jamaat-e-Islami (JI) chief, Senator Siraj-ul-Haq has said that 2018 will prove the year of accountability against cruel and corrupt rulers. Addressing a Seerat-un-Nabi Conference under t
Published 10 Jan, 2016 12:00am
PTI demands government announce trade policy immediately
Exchange

PTI demands government announce trade policy immediately

Pakistan Tehreek-e-Insaf (PTI) demands the government to announce the industrial and trade policy immediately. The delay is creating uncertainty and problems for the country's industry and the export sector, said former Vice President FPCCI and PTI Women
Published 10 Jan, 2016 12:00am
Thar deaths: Sindh government's slackness is unforgivable: Imran

Thar deaths: Sindh government's slackness is unforgivable: Imran

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Saturday has said that Sindh government's slackness in matter of deaths of malnourished children in Tharparkar is shameful and unforgivable. The PTI chairman said that people in Sindh are forced to con
Published 10 Jan, 2016 12:00am
Body of deputy controller of Radio Pakistan recovered

Body of deputy controller of Radio Pakistan recovered

The dead body of deputy controller of Radio Pakistan was recovered in the limits of Koral Police Station on Saturday. A police official said the dead body of Mohammad Ilyas, 60, deputy controller news of Radio Pakistan resident of sector I-1-10/4, House N
Published 10 Jan, 2016 12:00am
Crime rate up in Capital despite tall claims

Crime rate up in Capital despite tall claims

The ratio of various kind of crimes, including robbery, car lifting and dishonoured cheque cases is going up with every passing day despite tall claims of the police regarding utilizing all available resources for protection of life and property of citize
Published 10 Jan, 2016 12:00am
Prices of essential kitchen items remain stable

Prices of essential kitchen items remain stable

The prices of essential kitchen items remained stable during past week as compared to preceding week, revealed a survey conducted by Business Recorder. According to the survey, no change was registered in the prices of eggs that are being sold at R
Published 10 Jan, 2016 12:00am
'Pakistan, Canada can get mutual benefit through bilateral trade'

'Pakistan, Canada can get mutual benefit through bilateral trade'

Pakistan and Canada can get mutual benefit through cooperation in energy, fertilizer, education and agriculture fields and a little sector-specific effort could jack-up trade volume between both countries to around $2 billion in a short span of time.
Published 10 Jan, 2016 12:00am
NAB committed to eradicating corruption: Chairman

NAB committed to eradicating corruption: Chairman

Qamar Zaman Chaudhry, Chairman NAB said that NAB is committed to eradicate corruption by using all its resources across the board by adopting Zero tolerance policy throughout the country. NAB has chalked out an effective and comprehensive National Anti-Co
Published 10 Jan, 2016 12:00am
AUP convocation on January 13

AUP convocation on January 13

Agriculture University Peshawar (AUP) has announced that its convocation for the session 2016 will be held on January 13. According to a statement issued here on Saturday all the registered graduates for the convocation 2016 have been informed to ensure t
Published 10 Jan, 2016 12:00am
Jamaat-e-Islami to attend BNP's APC

Jamaat-e-Islami to attend BNP's APC

Jamaat e Islami delegation led by JI Secretary General Liaqat Baloch, will attend the APC convened by Balochistan National Party (BNP) chief Sardar Akhtar Mengal, on the China Pakistan Economic Corridor and Guwadar isues. JI deputy chief Man Muhammad Asla
Published 10 Jan, 2016 12:00am
Woman sells son for money

Woman sells son for money

A poor mother has sold her two-year-old son because she needed money to have the other son complaining of liver problems treated. Ayesha Naveed, from the Rasool Park, in Samanabad, was found carrying a placard sale for her son, Abdul Rehman, outside the L
Published 10 Jan, 2016 12:00am
Traders protest against anti-encroachment drive
Exchange

Traders protest against anti-encroachment drive

Traders and vendors shopkeepers on Saturday took to the streets against the local government's operation against illegal encroachments in Rawalpindi. The businessmen staged protest as the staffers of Tehsil Municipal Administration (TMA) reached Raja Baza
Published 10 Jan, 2016 12:00am
Mazahia Mushaira held at POF Ordnance Club

Mazahia Mushaira held at POF Ordnance Club

Ordnance Club Wah Cantt arranged a Mazahia Mushaira in which prominent poets of the country participated. Lieutenant General Omar Mahmood Hayat, HI (M) Chairman POF Board was the chief guest on this occasion. Tabassum Rehman DICR and Member POF Board in t
Published 10 Jan, 2016 12:00am
Unicef appreciates Pakistan's role in achieving goals

Unicef appreciates Pakistan's role in achieving goals

At the UN, the head of Unicef appreciated Pakistan's role during its Presidency of the Agency's executive board in 2015, describing the year as a very successful and productive one for Unicef. At a meeting to elect new members of the Unicef Board, Anthony
Published 10 Jan, 2016 12:00am
PNAC to play vital role in Halal business growth: DG

PNAC to play vital role in Halal business growth: DG

The Pakistan National Accreditation Council, Ministry of Science and Technology, Director General Asmat Gull Khattak has said the Punjab Halal Development Agency is the first ever public sector halal certification body which will play a significant role i
Published 10 Jan, 2016 12:00am
Students threaten to protest if original plan of CPEC not implemented

Students threaten to protest if original plan of CPEC not implemented

Students of various educational institutions on Saturday held a protest demonstration and warned to march on Islamabad if federal government failed to consider original plan of China Pakistan Economic Corridor (CPEC). Holding banners and placards inscribe
Published 10 Jan, 2016 12:00am
Sanaullah is minister for 'violation of law': Chaudhry Sher

Sanaullah is minister for 'violation of law': Chaudhry Sher

Pakistan Muslim League-Nawaz (PML-N) leader Chaudhry Sher Ali has on Saturday termed Punjab Law Minister Rana Sanaullah as the minister for 'violation of law'. He said that Rana Sana had previously murdered 20 people but the count has now reached 21. The
Published 10 Jan, 2016 12:00am
Student's body recovered from girls' hostel

Student's body recovered from girls' hostel

A body of 30-year-old student was recovered from a girls hostel's washroom on Saturday. The hostel is situated on Wahdat Road in Lahore. According to police, the deceased was student of Punjab University's Department of Mathematics. She was from Hafizabad
Published 10 Jan, 2016 12:00am
Thousands of Kurds protest in Paris over women's murders

Thousands of Kurds protest in Paris over women's murders

Thousands of Kurds from across Europe marched through Paris on Saturday calling for justice on the third anniversary of the killing of three female Kurdish rebels in the French capital. The protesters denounced "crimes by the Turkish regime" - saying that
Published 10 Jan, 2016 12:00am
Turkish army says 18 Kurdish militants killed in southeast

Turkish army says 18 Kurdish militants killed in southeast

Turkish security forces have killed 18 Kurdish militants in southeast Turkey, the military said on Saturday, in the latest clashes to blight a region still reeling from the collapse of a two-year ceasefire last summer. Security sources said five people, f
Published 10 Jan, 2016 12:00am
Russian doctor caught on camera flooring patient with deadly punch

Russian doctor caught on camera flooring patient with deadly punch

Russia opened an investigation on Saturday after a hospital doctor was captured on video punching a patient, knocking him to the floor and killing him instantly. The shocking video of the attack in the southern city of Belgorod was aired repeatedly on sta
Published 10 Jan, 2016 12:00am
Spotify hit by new $200 million copyright suit

Spotify hit by new $200 million copyright suit

Streaming leader Spotify has been hit by a new copyright lawsuit seeking $200 million, in the second such case within weeks. The lawsuits, each filed by individual artists in a US federal court in Los Angeles, ask a judge to create a class-action suit in
Published 10 Jan, 2016 12:00am
Spotify hit by new $200 million copyright suit

Spotify hit by new $200 million copyright suit

Streaming leader Spotify has been hit by a new copyright lawsuit seeking $200 million, in the second such case within weeks. The lawsuits, each filed by individual artists in a US federal court in Los Angeles, ask a judge to create a class-action suit in
Published 10 Jan, 2016 12:00am
Large anti-government protest in Kosovo turns violent

Large anti-government protest in Kosovo turns violent

Thousands of anti-government demonstrators took to the streets in Kosovo's capital Saturday, with police firing tear gas as some protesters threw Molotov cocktails and set fire to a government building. The rally was the latest in a long-running protest a
Published 10 Jan, 2016 12:00am
Chinese hospital demolished with patient still inside

Chinese hospital demolished with patient still inside

Workers partially demolished a Chinese hospital with several doctors and a patient still inside, media reported Saturday, burying bodies stored in its morgue under rubble and prompting an investigation. Around 20 people dressed in military fatigues on Thu
Published 10 Jan, 2016 12:00am
Two Palestinian 'knife attackers' shot dead

Two Palestinian 'knife attackers' shot dead

Two Palestinians tried to stab Israeli soldiers manning a checkpoint in the occupied West Bank on Saturday before being shot dead, the army said. The attack occurred in the north of the Jordan Valley, according to a spokeswoman, who confirmed that the bod
Published 10 Jan, 2016 12:00am
Denmark deports top foreign student for working too hard

Denmark deports top foreign student for working too hard

Denmark has kicked a foreign student out of the country for exceeding hourly part-time work regulations, despite Aarhus University's efforts to hang onto one of its top students, the school said Saturday. Marius Youbi, a 30-year-old engineering student, f
Published 10 Jan, 2016 12:00am
US flight diverted to Canada on 'security concern'

US flight diverted to Canada on 'security concern'

A United Airlines flight from Alaska to Denver was diverted to Vancouver after a "security concern" on Saturday, officials said. Airline and airport officials would not immediately say what the problem was, but the incident came as the United States and C
Published 10 Jan, 2016 12:00am
Sri Lanka president vows reforms to prevent ethnic war

Sri Lanka president vows reforms to prevent ethnic war

Sri Lanka's President Maithripala Sirisena marked his first year in office Saturday with a pledge to introduce sweeping constitutional reforms aimed at preventing the island returning to ethnic war. Sirisena told parliament he wanted a new statute to guar
Published 10 Jan, 2016 12:00am
Hundreds of French mosques open their doors to the public

Hundreds of French mosques open their doors to the public

Hundreds of French mosques are participating in a major open-house event this weekend, offering visitors the opportunity to come in for tea and a chat about Islam in a country shaken by jihadist attacks. Organised by the country's leading Muslim body, the
Published 10 Jan, 2016 12:00am
Bushfire kills two in Australia's south west

Bushfire kills two in Australia's south west

Two people have been killed, at least one other remains unaccounted for and more than 121 buildings have been destroyed by a bushfire that continues to burn out of control in Western Australia, police said on Saturday. The remains of two men were found by
Published 10 Jan, 2016 12:00am
Iraqi air force conducting 60 percent of sorties: PM Abadi

Iraqi air force conducting 60 percent of sorties: PM Abadi

More than 60 percent of sorties against Islamic State in Iraq are carried out by the nation's air forces and about 40 percent by the US-led coalition, Prime Minister Haider al-Abadi said on Saturday. Iraq's army last month scored its first success against
Published 10 Jan, 2016 12:00am
Thousands protest against Polish government control of state media

Thousands protest against Polish government control of state media

Tens of thousands of people took to the streets in cities around Poland on Saturday to protest against a new law giving the conservative government control of state media. The biggest demonstration took place in the capital Warsaw where around 20,000 prot
Published 10 Jan, 2016 12:00am
NYPD officer shot, wounded
Exchange

NYPD officer shot, wounded

A New York police officer was shot and wounded while breaking up a street fight, Police Commissioner William Bratton and Mayor Bill de Blasio said in a rare pre-dawn press conference Saturday. The shooting comes amid heightened security - and paranoia - f
Published 10 Jan, 2016 12:00am
Dozens of migrants die in the sea off Somaliland

Dozens of migrants die in the sea off Somaliland

Dozens of Ethiopian and Somali migrants died in the waters off the breakaway Somalia region of Somaliland when their vessel failed mechanically in the course of the voyage and drifted in the sea, a regional Somaliland official said. Ahmed Abdi Falay, the
Published 10 Jan, 2016 12:00am
14 dead in two deadly migrant bus crashes in Turkey

14 dead in two deadly migrant bus crashes in Turkey

Fourteen people, most of them Syrian refugees, were killed and dozens more injured in two deadly bus accidents in Turkey in the past 24 hours, reports said Saturday. Early on Saturday, a bus carrying migrants hoping to catch a boat to the Greek island of
Published 10 Jan, 2016 12:00am
Khamenei urges even those against him to vote

Khamenei urges even those against him to vote

Iran's supreme leader Ayatollah Ali Khamenei Saturday urged all citizens, including those who do not approve of him, to take part in next month's parliamentary and Assembly of Experts elections. While the electorate will pick 290 lawmakers on February 26
Published 10 Jan, 2016 12:00am
Dutch 'no' to Kiev-EU accord could trip crisis: Juncker

Dutch 'no' to Kiev-EU accord could trip crisis: Juncker

European Commission chief Jean-Claude Juncker urged Dutch voters Saturday not to oppose an EU cooperation deal with Ukraine, saying such a move "could open the doors to a continental crisis". A citizens' campaign in the Netherlands spearheaded by three st
Published 10 Jan, 2016 12:00am
Cholera kills 10 Somalis in world's largest refugee camp: UN

Cholera kills 10 Somalis in world's largest refugee camp: UN

At least 10 people have died and over 1,000 fallen sick with cholera in an outbreak among Somali refugees in the world's largest refugee camp in Kenya, UN officials said Saturday. The outbreak began in November in the Dadaab camp complex in northeastern K
Published 10 Jan, 2016 12:00am
Egypt police colonel, conscript killed in attack claimed by IS

Egypt police colonel, conscript killed in attack claimed by IS

The Islamic State group said its gunmen shot dead an Egyptian police colonel and a conscript west of Cairo as they travelled to work on Saturday. The colonel, a traffic police district commander, and the conscript, who was driving, died in their car after
Published 10 Jan, 2016 12:00am
Court upholds Mubarak jail sentence

Court upholds Mubarak jail sentence

Egypt's top appeals court upheld on Saturday a three-year prison sentence for ousted president Hosni Mubarak and his two sons for corruption. It was not immediately clear, however, how long Mubarak would remain in detention. Both of his sons were set free
Published 10 Jan, 2016 12:00am
Options traders prepare for future European stock market falls

Options traders prepare for future European stock market falls

This week's rocky start for European stocks is driving equity traders to seek protection against any further sharp declines as concerns over China weigh on markets. Despite being touted yet again as one of the most favoured investment plays of the year, e
Published 10 Jan, 2016 12:00am
US gold jewellery imports reach seven-year high in October

US gold jewellery imports reach seven-year high in October

US imports of gold jewellery rose to a seven-year high in October while platinum jewellery imports surged by more than 60 percent after precious metal prices fell to multiyear lows, Thomson Reuters GFMS calculations showed. "The United States continued to
Published 10 Jan, 2016 12:00am
Argentine soya sales after tax cut disappoint government

Argentine soya sales after tax cut disappoint government

Argentina's centre-right government said on Monday it was disappointed by the volume of soya stocks sold by farmers in the three weeks since it reduced the tax on soyabean exports. President Mauricio Macri cut the tax on shipments of soyabeans, the countr
Published 10 Jan, 2016 12:00am
Stubborn oversupply through 2016 to curb oil price recovery

Stubborn oversupply through 2016 to curb oil price recovery

Crude oil prices are unlikely to rally much in 2016 as subdued demand growth looks unable to absorb rising supply from the likes of Iran and Iraq, even though non-Opec output is expected to moderate, a Reuters poll showed on Monday. The average 2016 price
Published 10 Jan, 2016 12:00am
Iran doesn't want oil price war, may limit output rise: official

Iran doesn't want oil price war, may limit output rise: official

Iran wants to avoid an oil price war with rival producers and only gradually lift exports once sanctions against it are lifted, a senior official said, in what would be a major shift away from planning to ship as much fuel as soon as possible. Iran, which
Published 10 Jan, 2016 12:00am
Iran doesn't want oil price war, may limit output rise: official

Iran doesn't want oil price war, may limit output rise: official

Iran wants to avoid an oil price war with rival producers and only gradually lift exports once sanctions against it are lifted, a senior official said, in what would be a major shift away from planning to ship as much fuel as soon as possible. Iran, which
Published 10 Jan, 2016 12:00am
Egypt's new wheat requirement could delay supplies
Currency

Egypt's new wheat requirement could delay supplies

Egypt, the world's largest purchaser of wheat, has imposed restrictive import requirements, an agricultural authority official told Reuters, alarming traders who threatened to boycott tenders for the politically sensitive commodity. The new requirement -
Published 10 Jan, 2016 12:00am
Banco do Brasil, Bradesco in Citigroup venture talks

Banco do Brasil, Bradesco in Citigroup venture talks

Brazilian lenders Banco Bradesco and Banco do Brasil are in talks to buy Citigroup's stake in a credit card processing joint venture with Elavon Inc, a source with knowledge of the negotiations said on Saturday. The acquisition could be closed next month,
Published 10 Jan, 2016 12:00am
Clashes at Brazil protests over fare hikes

Clashes at Brazil protests over fare hikes

Brazilian riot police clashed with masked protesters on Friday in Sao Paulo and Rio de Janeiro during angry demonstrations against higher transport fares, officials and witnesses said. A hike in fares was one of the main drivers of the mass demonstrations
Published 10 Jan, 2016 12:00am
Afghanistan turns disused Nato camp into drug treatment base

Afghanistan turns disused Nato camp into drug treatment base

Afghan officials have opened a new drug treatment centre in an abandoned Nato military base in Kabul, in the latest attempt to stamp out the country's massive problem of drug abuse. Afghanistan is one of the world's biggest sources of opium, producing aro
Published 10 Jan, 2016 12:00am
Beijing to shut 2,500 firms this year to fight pollution

Beijing to shut 2,500 firms this year to fight pollution

Beijing will close 2,500 small polluting firms this year in its latest effort to combat pollution, state news agency Xinhua reported on Saturday, citing the municipal government. Pollution is a sensitive topic in China, with thousands of protests sparked
Published 10 Jan, 2016 12:00am
China forex regulator says will ramp up risk control efforts
Exchange

China forex regulator says will ramp up risk control efforts

China's foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country's foreign exchange market in 2016. The State Administration of Foreign Excha
Published 10 Jan, 2016 12:00am
Top UK regulator denies 'going soft' on banks
Currency

Top UK regulator denies 'going soft' on banks

The acting head of Britain's main financial regulator has denied softening her stance, after her decision last month to drop a wide-ranging review into banks' behaviour sparked concerns about political interference. Antipathy to banks has surged since som
Published 10 Jan, 2016 12:00am
Russia blocks transit of Ukrainian goods

Russia blocks transit of Ukrainian goods

Russia has blocked the transit of Ukrainian goods heading to other countries, Kiev officials said Saturday after the two neighbouring nations imposed food embargoes in their mutual trade war. "The transit of Ukrainian goods has not yet begun", having been
Published 10 Jan, 2016 12:00am
Brazil's ANP eyes royalty hike for heavier crude

Brazil's ANP eyes royalty hike for heavier crude

Brazilian oil regulator ANP has proposed an increase in royalties that could help to shore up state and federal finances at the expense of heavily indebted state-run oil company Petrobras, newspaper Folha de S.Paulo reported on Saturday. Folha said the me
Published 10 Jan, 2016 12:00am
Record US Powerball jackpot reaches estimated $900 million

Record US Powerball jackpot reaches estimated $900 million

Millions of Americans anxiously awaited Saturday night's drawing in the multi-state Powerball lottery to see if anyone will take the record-high jackpot of $900 million. The jackpot for Powerball, played in 44 states, Washington, and two US territories, i
Published 10 Jan, 2016 12:00am
Nine months on, Nepal finally set to start quake reconstruction work

Nine months on, Nepal finally set to start quake reconstruction work

Nepal will start repairs and reconstruction next week for nearly a million homes damaged by last year's deadly earthquakes, the head of a state agency said on Saturday, nearly nine months after the disaster left hundreds of thousands homeless. Two tremors
Published 10 Jan, 2016 12:00am
Netherlands follows Germany in seeking Cuba trade boost

Netherlands follows Germany in seeking Cuba trade boost

Dutch Deputy Foreign Minister Lilianne Ploumen will lead a mission to Cuba on Saturday to cement trade links, accompanied by major companies including Philips, Unilever and Heineken, her ministry said. The trip comes hot on the heels of a German trade vis
Published 10 Jan, 2016 12:00am
Sisi launches loan programme for SMEs

Sisi launches loan programme for SMEs

Egypt's banking sector will inject 200 billion Egyptian pounds ($25 billion) to support small and medium businesses, President Abdel Fattah al-Sisi said on Saturday, the latest bid to support Egypt's battered economy and create jobs. "I have assigned the
Published 10 Jan, 2016 12:00am
Turkmenistan's GDP growth slows

Turkmenistan's GDP growth slows

Turkmenistan's gross domestic product grew 6.7 percent in 2015, President Kurbanguly Berdymukhamedov was quoted as saying by state television on Saturday, a slowdown from 10.3 percent in 2014. The International Monetary Fund had forecast the Central Asian
Published 10 Jan, 2016 12:00am
GM Europe operations still loss-making in 2015: CEO

GM Europe operations still loss-making in 2015: CEO

The European division of General Motors was still loss-making in 2015, but hopes to return to profit this year, the division's chief executive told a German magazine. General Motors had previously set a target for its European operations, which comprise t
Published 10 Jan, 2016 12:00am
Palm-sized $79 computer targets emerging-nation needs

Palm-sized $79 computer targets emerging-nation needs

It is a spherical computer that costs $79, is packed with a fair amount of what the Internet has to offer - and fits in the palm of your hand. The computer startup Endless is out to bring the Internet to people without deep pockets or reliable online conn
Published 10 Jan, 2016 12:00am
Barclays plans to shut India equities business

Barclays plans to shut India equities business

Barclays Plc plans to shut its India equities business as part of the British bank's efforts to slash costs and boost profit, two sources with direct knowledge of the development said on Monday. Barclays equities business in India, which was rolled out in
Published 10 Jan, 2016 12:00am
Foreign buyers look to ride out latest China share troubles
Currency

Foreign buyers look to ride out latest China share troubles

Foreigners holding Chinese shares appear largely unworried by the latest dive on domestic markets, with some even looking to pick up bargains if the removal of an emergency stock sale ban unleashes a bigger plunge. The six-month ban on sales by listed com
Published 10 Jan, 2016 12:00am
For many stocks on Wall Street, it's already a bear market

For many stocks on Wall Street, it's already a bear market

With US stocks now on pace for their worst start to the year since 2000, investors are questioning whether Wall Street is headed for a bona fide bear market. The truth is, many stocks are already there. US stocks have fallen nearly 4.0 percent so far in 2
Published 10 Jan, 2016 12:00am
Safe-haven bonds hold firm even as calm returns to world markets

Safe-haven bonds hold firm even as calm returns to world markets

Short-dated German government bond yields held near one-month lows on Friday, suggesting demand for safe-haven debt remained strong after a turbulent week for world markets. Oil prices recovered from 12-year lows and Chinese stocks rebounded, restoring so
Published 10 Jan, 2016 12:00am
Safe-haven bonds hold firm even as calm returns to world markets

Safe-haven bonds hold firm even as calm returns to world markets

Short-dated German government bond yields held near one-month lows on Friday, suggesting demand for safe-haven debt remained strong after a turbulent week for world markets. Oil prices recovered from 12-year lows and Chinese stocks rebounded, restoring so
Published 10 Jan, 2016 12:00am
Treasuries outlook: yields fall on safety bids in wake of US jobs data

Treasuries outlook: yields fall on safety bids in wake of US jobs data

US Treasury yields dipped on Friday, with short- and medium-term yields hitting multi-week lows, on safety bids and after data showing a December surge in US jobs growth was quelled by a lack of wage gains. Labour Department data showed US nonfarm payroll
Published 10 Jan, 2016 12:00am
Treasuries outlook: yields fall on safety bids in wake of US jobs data

Treasuries outlook: yields fall on safety bids in wake of US jobs data

US Treasury yields dipped on Friday, with short- and medium-term yields hitting multi-week lows, on safety bids and after data showing a December surge in US jobs growth was quelled by a lack of wage gains. Labour Department data showed US nonfarm payroll
Published 10 Jan, 2016 12:00am
Azarenka takes Brisbane title
Kerb

Azarenka takes Brisbane title

Former world number one Victoria Azarenka stormed to her second Brisbane International title when she downed Germany's Angelique Kerber in straight sets on Saturday. Azarenka, who won her maiden WTA title in Brisbane in 2009, overwhelmed the fourth-seeded
Published 10 Jan, 2016 12:00am
Wawrinka sails into Chennai Open final

Wawrinka sails into Chennai Open final

Defending champion Stanislas Wawrinka sailed into the ATP Chennai Open final on Saturday after defeating France's Benoit Paire, inching closer to a third consecutive title in southern India. The world number four took just one hour and five minutes to bea
Published 10 Jan, 2016 12:00am
Speed queen Vonn wins Zauchensee downhill to tie

Speed queen Vonn wins Zauchensee downhill to tie

American speed queen Lindsey Vonn equalled the number of women's World Cup downhill victories with an impressive win over two testing legs at Zauchensee on Saturday. It was her 72nd win on the World Cup circuit and a record-equalling 36th in the downhill,
Published 10 Jan, 2016 12:00am
Arsenal, Man City through in FA Cup

Arsenal, Man City through in FA Cup

Aaron Ramsey and Olivier Giroud scored as Arsenal started their FA Cup defence by coming from behind to defeat Sunderland 3-1 in the third round on Saturday. Arsenal were joined in round four by Premier League title rivals Manchester City, who won 3-0 at
Published 10 Jan, 2016 12:00am
Blatter, Platini now free to appeal bans

Blatter, Platini now free to appeal bans

FIFA's ethics tribunal said Saturday it had provided Sepp Blatter and Michel Platini with the reasons for its decision to ban them from football for eight years, clearing the way for them to appeal against the decision. "The adjudicatory chamber of the in
Published 10 Jan, 2016 12:00am
Taimur maintains lead in Asghar Khan Amateur Golf

Taimur maintains lead in Asghar Khan Amateur Golf

International Golfer Taimur Naseer maintained his lead on the second day by carding an excellent four under 140 over 36 holes of the 54-hole Air Marshal Asghar Khan National Amateur Golf Championship being played here PAF Golf Course on Saturday.
Published 10 Jan, 2016 12:00am
Federer thumps Thiem to set up Raonic rematch

Federer thumps Thiem to set up Raonic rematch

Swiss maestro Roger Federer reached his third successive Brisbane International final Saturday when he crushed Dominic Thiem in a lopsided semi-final. Federer took just 60 minutes to down the eighth-seeded Austrian 6-1, 6-4 and said afterwards it was the
Published 10 Jan, 2016 12:00am
Dutch 1984 Olympic gold winner Stalman admits to doping

Dutch 1984 Olympic gold winner Stalman admits to doping

Dutch 1984 Olympic discus gold medallist Ria Stalman on Friday admitted to taking anabolic steroids to enhance her performance, 31 years after triumphing at the Los Angeles Games. "During the final two years of my career, I daily used a light dosage of an
Published 10 Jan, 2016 12:00am
Air strike kills 39 in Syria as UN envoy visits Damascus

Air strike kills 39 in Syria as UN envoy visits Damascus

An air strike reportedly killed dozens of people in a rebel-held town in Syria on Saturday as a UN envoy visited Damascus to advance preparations for peace talks planned this month despite opposition misgivings. Agreement was also reached for aid to be de
Published 10 Jan, 2016 12:00am
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