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Print - 2016-01-18
US to pay Iran $1.7 billion in debt and interest: Kerry

US to pay Iran $1.7 billion in debt and interest: Kerry

The United States is to repay Iran a $400 million debt and $1.3 billion in interest dating to the Islamic revolution, Secretary of State John Kerry said Sunday. The repayment, which settles a suit brought under an international legal tribunal, is separate
Published 18 Jan, 2016 12:00am
US to pay Iran $1.7 billion in debt and interest: Kerry

US to pay Iran $1.7 billion in debt and interest: Kerry

The United States is to repay Iran a $400 million debt and $1.3 billion in interest dating to the Islamic revolution, Secretary of State John Kerry said Sunday. The repayment, which settles a suit brought under an international legal tribunal, is separate
Published 18 Jan, 2016 12:00am
Multinationals ready to jump into Iran market

Multinationals ready to jump into Iran market

With global growth moribund, multinational firms have been waiting with bated breath for the lifting of international sanctions against Iran for access to a country in desperate need to modernise. After nearly a decade of limited access to the outside wor
Published 18 Jan, 2016 12:00am
Multinationals ready to jump into Iran market

Multinationals ready to jump into Iran market

With global growth moribund, multinational firms have been waiting with bated breath for the lifting of international sanctions against Iran for access to a country in desperate need to modernise. After nearly a decade of limited access to the outside wor
Published 18 Jan, 2016 12:00am
Multinationals ready to jump into Iran market

Multinationals ready to jump into Iran market

With global growth moribund, multinational firms have been waiting with bated breath for the lifting of international sanctions against Iran for access to a country in desperate need to modernise. After nearly a decade of limited access to the outside wor
Published 18 Jan, 2016 12:00am
US imposes sanctions linked to Iran's missile plan

US imposes sanctions linked to Iran's missile plan

The United States on Sunday announced new sanctions linked to Iran's ballistic missile program, just a day after sanctions targeting its nuclear program were lifted. In remarks shortly before the US announcement, Iran's President Hassan Rouhani of Iran sa
Published 18 Jan, 2016 12:00am
US imposes sanctions linked to Iran's missile plan

US imposes sanctions linked to Iran's missile plan

The United States on Sunday announced new sanctions linked to Iran's ballistic missile program, just a day after sanctions targeting its nuclear program were lifted. In remarks shortly before the US announcement, Iran's President Hassan Rouhani of Iran sa
Published 18 Jan, 2016 12:00am
THE RUPEE: easier trend
Exchange

THE RUPEE: easier trend

The rupee fell modestly against the dollar in the open market, while, the national currency did not show any change in the interbank market during the week, ended on January 16, 2016. In the interbank market, the rupee depicted no change in relation to th
Published 18 Jan, 2016 12:00am
THE RUPEE: easier trend
Exchange

THE RUPEE: easier trend

The rupee fell modestly against the dollar in the open market, while, the national currency did not show any change in the interbank market during the week, ended on January 16, 2016. In the interbank market, the rupee depicted no change in relation to th
Published 18 Jan, 2016 12:00am
Pakistan-China business moot begins today

Pakistan-China business moot begins today

Pakistan-China Business Friendship Conference, organised by the Ministry of Commerce in collaboration with the Board of Investment (BoI) and Trade Development Authority of Pakistan (TDAP), will commence from Monday (today) till Friday. A 100-member Chines
Published 18 Jan, 2016 12:00am
Pakistan-China business moot begins today

Pakistan-China business moot begins today

Pakistan-China Business Friendship Conference, organised by the Ministry of Commerce in collaboration with the Board of Investment (BoI) and Trade Development Authority of Pakistan (TDAP), will commence from Monday (today) till Friday. A 100-member Chines
Published 18 Jan, 2016 12:00am
Pakistan-China business moot begins today

Pakistan-China business moot begins today

Pakistan-China Business Friendship Conference, organised by the Ministry of Commerce in collaboration with the Board of Investment (BoI) and Trade Development Authority of Pakistan (TDAP), will commence from Monday (today) till Friday. A 100-member Chines
Published 18 Jan, 2016 12:00am
The Weather

The Weather

The weather report on Sunday (January 17, 2016) and the forecast for Monday (January 18, 2016).

Published 18 Jan, 2016 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 11 to 15, 2016).

Published 18 Jan, 2016 12:00am
More passport offices to be established in Balochistan

More passport offices to be established in Balochistan

The government intends to establish additional passport offices at 22 districts in Balochistan during this year to facilitate the people. In this connection, one passport office has already been established at district Kharan, Balochistan, reported Radio
Published 18 Jan, 2016 12:00am
Three-day fair concludes

Three-day fair concludes

The three-day Huner Mela-Artisans at work festival concluded on Sunday. Sara Raza Khan, renowned singer, performed on the concluding day. The festival held under the aegis of Tourism Corporation Khyber Pakhtunkhwa, at PIA Planetarium Hayatabad brought big
Published 18 Jan, 2016 12:00am
Dense foggy conditions to prevail

Dense foggy conditions to prevail

The Meteorological Department has said that cold and dry weather was expected because continental air prevailed over most parts of the country.
Published 18 Jan, 2016 12:00am
JI to launch anti-graft drive from March

JI to launch anti-graft drive from March

Jamaat-e-Islami's chief Senator Siraj-ul-Haq vowed on Sunday his party would launch war against corruption from March this year. "Our campaign will help stop corruption and recovery of the looted public money from the corrupt," he said at the concluding c
Published 18 Jan, 2016 12:00am
'Government mulling offering amnesty to Bugti, others'

'Government mulling offering amnesty to Bugti, others'

This is apropos a news item 'Govt mulling offering amnesty to Bugti, others' carried by Business Recorder yesterday. According to it, the government is mulling granting amnesty to exiled separatist Baloch leaders including Brahumdagh Khan Bugti, for which
Published 18 Jan, 2016 12:00am
Nuclear success to intensify Iranian infighting?

Nuclear success to intensify Iranian infighting?

Iran's success in winning an end to international sanctions will only intensify a power struggle among the faction-ridden elite, and President Hassan Rouhani cannot count on domestic political support from the supreme leader before two critical elections.
Published 18 Jan, 2016 12:00am
Fund's evaluation
Exchange

Fund's evaluation

The International Monetary Fund (IMF) staff report on Article IV consultations and ninth review as well as Selected Issues Paper both uploaded on 11 January were disappointing documents not only because their evaluation of the doctored macroeconomic data
Published 18 Jan, 2016 12:00am
IMF proposals largely disappointing
Exchange

IMF proposals largely disappointing

The International Monetary Fund (IMF) in a Selected Issues Paper uploaded on the website on the same day as the Article IV consultations and ninth review issued a comprehensive list of recommendations with the objective of unlocking Pakistan's revenue pot
Published 18 Jan, 2016 12:00am
'Glitch' delayed departure of American prisoners from Iran

'Glitch' delayed departure of American prisoners from Iran

The departure of three American prisoners from Tehran, released as part of a swap following the lifting of sanctions on Iran was at least partly delayed by a "temporary misunderstanding" about whether two relatives were on the plane.
Published 18 Jan, 2016 12:00am
German exports to Iran expected to double

German exports to Iran expected to double

German industry expects a steep rise in exports to Iran following the lifting of international sanctions, and Economy Minister Sigmar Gabriel said on Sunday he would seek to drum up trade on visit Tehran in early May.
Published 18 Jan, 2016 12:00am
Iranians welcome deal with satisfaction and caution

Iranians welcome deal with satisfaction and caution

The lifting of sanctions set off scenes of jubilation in Iran's parliament: Supporters planted kisses on the forehead of Foreign Minister Mohammad Javad Zarif and jostled to take selfies.
Published 18 Jan, 2016 12:00am
Eni CEO says Iran needs $150 billion of energy investment

Eni CEO says Iran needs $150 billion of energy investment

Iran's emergence from economic sanctions will help Europe to diversify its energy supplies, but the Islamic Republic will need to invest at least $150 billion in infrastructure to become a major producer, the head of Italy's Eni SpA said on Sunday.
Published 18 Jan, 2016 12:00am
Iran to boost oil exports by 500,000 barrels a day

Iran to boost oil exports by 500,000 barrels a day

Iran is ready to increase its crude oil exports by 500,000 barrels a day, the deputy oil minister said on Sunday, hours after international sanctions on Tehran were lifted, removing an obstacle to exports. The Islamic Republic emerged from years of econom
Published 18 Jan, 2016 12:00am
Israel will not allow Iran to obtain N-arms: Netanyahu

Israel will not allow Iran to obtain N-arms: Netanyahu

Prime Minister Benjamin Netanyahu warned Iran on Sunday that Israel would not allow it to obtain nuclear weapons, after sanctions were lifted under Tehran's historic nuclear deal with global powers.
Published 18 Jan, 2016 12:00am
Obama hails Iran breakthroughs as vindication of engagement

Obama hails Iran breakthroughs as vindication of engagement

President Barack Obama hailed a series of breakthroughs with Iran as a vindication of his contentious policy of engagement Saturday and called on young Iranians to take the next step in building new ties with the world.
Published 18 Jan, 2016 12:00am
Iran hails 'new chapter' as nuclear sanctions lifted
Exchange

Iran hails 'new chapter' as nuclear sanctions lifted

Iran has "opened a new chapter" in its ties with the world, President Hassan Rouhani said Sunday, after sanctions were lifted under its historic nuclear deal with global powers. The UN's atomic watchdog late on Saturday confirmed that Iran had complied wi
Published 18 Jan, 2016 12:00am
TEVTA recruits 28,000 apprentices

TEVTA recruits 28,000 apprentices

Chairperson Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh has said that TEVTA achieved the target by recruitment of 28,000 apprentices till December last year.
Published 18 Jan, 2016 12:00am
Exporters for setting up of 'sports, surgical cities'
Exchange

Exporters for setting up of 'sports, surgical cities'

Local exporter community has appealed to the Federal and Provincial governments to set up "Sports goods, leather and surgical instruments" cities to facilitate the SMEs of this export-oriented city and hub of cottage industry of the country said EX-Senior
Published 18 Jan, 2016 12:00am
Fog disturbs schedule: PIA urges travellers to re-check flight timings

Fog disturbs schedule: PIA urges travellers to re-check flight timings

Pakistan International Airlines(PIA) has requested travellers to re-check flight timings from PIA Call Center before leaving for airports, as dense fog in various cities of Punjab has disturbed flight schedule causing inconvenience to passengers especiall
Published 18 Jan, 2016 12:00am
JI rally denounces executions in Bangladesh

JI rally denounces executions in Bangladesh

While welcoming Prime Minister Nawaz Sharif and Army Chief's visit to Saudi Arabia and Iran, Secretary General, Jamaat e Islami, Liaqat Baloch, has urged the Premier to also visit Dhaka and lodge protest over the prosecution of pro- Pakistan leaders for s
Published 18 Jan, 2016 12:00am
Doubling drug exports to Sri Lanka ambitious target
Exchange

Doubling drug exports to Sri Lanka ambitious target

A target set by the Trade Development Authority of Pakistan to double exports to Sri Lanka appears far too fetched as medicines, the top third export item, could hardly contribute much because of an irrational drug pricing mechanism and a flawed regulator
Published 18 Jan, 2016 12:00am
MCCI issues advice to government over EU-Vietnam FTA accord
Cotton

MCCI issues advice to government over EU-Vietnam FTA accord

The government should take preventive measures following the EU and Vietnam have reached an agreement for a free trade agreement (FTA), as the emerging economy can capture Pakistan export market, which has already shrunk due to high energy cost and discri
Published 18 Jan, 2016 12:00am
Shahbaz expresses grief

Shahbaz expresses grief

Punjab Chief Minister Shahbaz Sharif has expressed sorrow and grief over the death of two labourers during work on Orange Line Metro Train Project near Thokar Niaz Baig. He sympathised with the bereaved families and directed the administration to provide
Published 18 Jan, 2016 12:00am
Iftikhar Ali Malik elected VP Saarc CCI

Iftikhar Ali Malik elected VP Saarc CCI

The Chairman of United Business Group and veteran business leader, Iftikhar Ali Malik, was elected unopposed as Vice President SAARC Chamber of Commerce and Industry for the 5th consecutive times, here on Sunday. Talking to Business Recorder, Malik said t
Published 18 Jan, 2016 12:00am
Traders hail lifting of sanctions against Iran

Traders hail lifting of sanctions against Iran

The business community of Southern Punjab has hailed the lifting of International sanctions against Iran after the UN atomic watchdog announced the country had complied with the terms of last July's landmark deal aimed at scaling down its nuclear programm
Published 18 Jan, 2016 12:00am
Mankind's CO2 emissions may delay next ice age: study

Mankind's CO2 emissions may delay next ice age: study

Human-driven climate change may have put the next ice age off by about 50,000 years, said scientists on January 14, highlighting our species' ever-more dominant influence on Earth's natural cycles. Carbon dioxide (CO2) concentrations in the atmosphere cou
Published 18 Jan, 2016 12:00am
'Quake fault straining underneath Kathmandu'

'Quake fault straining underneath Kathmandu'

A massive underground fault line which ruptured last year, causing a killer earthquake in Nepal, is still under tremendous strain underneath Kathmandu, a study said on January 11. This meant another major tremor could happen in an area home to more than a
Published 18 Jan, 2016 12:00am
Deadly bacteria more prevalent than previously thought

Deadly bacteria more prevalent than previously thought

An often deadly and difficult to treat bacterial disease is much more prevalent than previously thought and kills tens of thousands of people world-wide each year, researchers said. Melioidosis, also known as Whitmore's disease, has long been known to be
Published 18 Jan, 2016 12:00am
Mosquito nets could be used for hernia repair: study

Mosquito nets could be used for hernia repair: study

A Swedish-Ugandan study has found that mosquito nets can be used as an inexpensive alternative to costly surgical meshes in fixing common groin hernias, Stockholm's Karolinska Institute announced on January 14.
Published 18 Jan, 2016 12:00am
After Ebola, two other tropical diseases pose new threats

After Ebola, two other tropical diseases pose new threats

A little-known bacterial disease may be killing as many people world-wide as measles, scientists said on January 11, while a mosquito-borne virus known as Zika is also raising global alarm. The spread of Ebola in West Africa last year shows how poorly-und
Published 18 Jan, 2016 12:00am
Leprosy still affects millions but can be wiped out

Leprosy still affects millions but can be wiped out

Millions of people live with the effects of leprosy and tens of thousands of new cases are reported every year, but the debilitating disease can be eliminated given enough resources, an organisation helping to curb the disease said.
Published 18 Jan, 2016 12:00am
Most weight-loss supplements are ineffective

Most weight-loss supplements are ineffective

The adverts make weight loss sound so easy: Just pop some pills or mix a powder in your drink, and the excess fat melts away. That rarely impresses people who have previously tried to lose weight. They know it's never that easy.
Published 18 Jan, 2016 12:00am
Antarctic icebergs have surprise role in slowing warming

Antarctic icebergs have surprise role in slowing warming

The biggest icebergs breaking off Antarctica unexpectedly help to slow global warming as they melt away into the chill Southern Ocean, scientists said on January 11. The rare Manhattan-sized icebergs, which may become more frequent in coming decades becau
Published 18 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 start-up Endless is out to bring the Internet to people without deep pockets or reliable online con
Published 18 Jan, 2016 12:00am
25 years of World Wide Web: Blogs and websites worth checking out

25 years of World Wide Web: Blogs and websites worth checking out

During most of 1991, only one website existed in the world - now it's believed there are over one billion. Amid this confusing jumble of the first class, the mediocre and the rubbish, it can be hard to find the sites that are worthwhile, so here's a selec
Published 18 Jan, 2016 12:00am
Transport of the future takes many shapes

Transport of the future takes many shapes

In the future world of mobility, you might be travelling in a car, on a bike or a personal air transporter - with a range of new possibilities raised by connected technology. Many of the exhibitors at the Consumer Electronics Show in Las Vegas offered the
Published 18 Jan, 2016 12:00am
Chinese Internet users consider Pakistan as ideal neighbour

Chinese Internet users consider Pakistan as ideal neighbour

An online survey has found that more Chinese Internet users prefer Pakistan as a neighbour than India, while Japan ranked as the least popular neighbouring country. More than 200,000 Internet users took part in the survey conducted by the Chinese edition
Published 18 Jan, 2016 12:00am
Can Microsoft's Display Dock replace the notebook?

Can Microsoft's Display Dock replace the notebook?

There's no more need to lug a laptop around if you want to work while on the go - simply connect your smartphone to a monitor using a tiny box and you can work as if you were on a desktop PC. That's the promise of Microsoft's Display Dock, which is design
Published 18 Jan, 2016 12:00am
Battle for digital life takes centre stage at tech show

Battle for digital life takes centre stage at tech show

The battle to be at the centre of your digital life has taken on a new dimension amid a proliferation of connected devices. After smartphone wars, browser wars and platform wars, a fight is on to be the "hub" which connects the millions of connected objec
Published 18 Jan, 2016 12:00am
Tool fights off scourge of USB drives pretending to be keyboards

Tool fights off scourge of USB drives pretending to be keyboards

It's no longer rare for USB flash drives to carry malware which installs itself onto a computer without being noticed. That's why Windows users who are given a flash drive to open should deactivate the Windows autostart function for USB devices and have a
Published 18 Jan, 2016 12:00am
New Wi-Fi standard HaLow: more reach, less power

New Wi-Fi standard HaLow: more reach, less power

A new WiFi standard, known as HaLow for short, has just been announced and promises greater reach in the home. The Wi-Fi Alliance, an industry group, announced IEEE 802.11ah. HaLow's range is twice that of today's WiFi while also requiring less power beca
Published 18 Jan, 2016 12:00am
HP introduces virtual-reality gaming PC

HP introduces virtual-reality gaming PC

HP has introduced a new gaming PC that has been developed for HTC's virtual-reality headset Vive. The HP Envy Phoenix, which was introduced at the CES electronics show in Las Vegas, features an AMD Radeon R9 390x or Nvidia-GTX-980-Ti graphic card as well
Published 18 Jan, 2016 12:00am
Fiat Chrysler CEO says major shift on way for N American plants

Fiat Chrysler CEO says major shift on way for N American plants

Fiat Chrysler's Chief Executive Sergio Marchionne said on January 11 the company plans to make significant shifts to its North American production footprint, which will be announced as part of the company's quarterly financial results on January 27.
Published 18 Jan, 2016 12:00am
Abraaj Group to buy majority stake in India's Care Hospitals

Abraaj Group to buy majority stake in India's Care Hospitals

Dubai-based private equity firm The Abraaj Group, will buy a majority stake in India's CARE Hospitals from Advent International, betting on growing demand for healthcare services in Asia's third-largest economy. Financial details of the deal were not prov
Published 18 Jan, 2016 12:00am
GE moving headquarters to Boston to tap tech talent

GE moving headquarters to Boston to tap tech talent

General Electric Co said on January 13 it will move its global headquarters to Boston, tapping the city's technology talent as the industrial conglomerate seeks to emphasise its digital capabilities.
Published 18 Jan, 2016 12:00am
UBS plans hiring spree for China wealth management team

UBS plans hiring spree for China wealth management team

Swiss bank UBS AG plans to more than double the number of staff at its China wealth management teams over the next five years, said Kathryn Shih, Asia pacific president at the bank, in an interview with Reuters on January 11. Shih said market volatility w
Published 18 Jan, 2016 12:00am
Deutsche Bank appoints UAE country head

Deutsche Bank appoints UAE country head

Deutsche Bank has appointed Rafik Nayed as chief country officer for the United Arab Emirates and senior executive officer of the bank's Dubai branch, it said in a statement on January 13. Nayed takes over from Nadeem Masud who left the German bank at the
Published 18 Jan, 2016 12:00am
National Bank of Oman fourth quarter rises 29 percent
Exchange

National Bank of Oman fourth quarter rises 29 percent

National Bank of Oman, the sultanate's third-largest lender by assets, on January 12 posted a 29 percent rise in fourth-quarter net profit. The lender made a net profit of 17.1 million rials ($44.4 million) in the three months to December 31, up from 13.2
Published 18 Jan, 2016 12:00am
Taiwan chipmaker TSMC posts record profits for 2015

Taiwan chipmaker TSMC posts record profits for 2015

Chipmaking giant Taiwan Semiconductor Manufacturing Co (TSMC) posted record profits for 2015 on January 14, despite a slowdown in the second half of the year due to weaker global demand. The results came off the back of orders from Apple in the first half
Published 18 Jan, 2016 12:00am
Metro reports strong Christmas sales
Currency

Metro reports strong Christmas sales

German retailer Metro reported a 0.1 percent rise in like-for-like sales in its fiscal first quarter that includes the important Christmas period, with performance particularly strong at its core businesses in Germany. Sales in the October to December qua
Published 18 Jan, 2016 12:00am
Metro reports strong Christmas sales
Currency

Metro reports strong Christmas sales

German retailer Metro reported a 0.1 percent rise in like-for-like sales in its fiscal first quarter that includes the important Christmas period, with performance particularly strong at its core businesses in Germany. Sales in the October to December qua
Published 18 Jan, 2016 12:00am
Latin American banks: 'Global bond offerings may recover this year'

Latin American banks: 'Global bond offerings may recover this year'

Global bond offerings by Latin American banks could recover this year, with a focus on senior rather than subordinated securities, as some Mexican, Colombian and Peruvian lenders face growing refinancing and funding needs, J. P Morgan Securities said.
Published 18 Jan, 2016 12:00am
Latin American banks: 'Global bond offerings may recover this year'

Latin American banks: 'Global bond offerings may recover this year'

Global bond offerings by Latin American banks could recover this year, with a focus on senior rather than subordinated securities, as some Mexican, Colombian and Peruvian lenders face growing refinancing and funding needs, J. P Morgan Securities said.
Published 18 Jan, 2016 12:00am
Liverpool felled by Rooney sucker-punch

Liverpool felled by Rooney sucker-punch

Manchester United captain Wayne Rooney pounced to score a 78th-minute winner as his side stunned eternal rivals Liverpool with a smash-and-grab 1-0 victory at a freezing Anfield on Sunday.
Published 18 Jan, 2016 12:00am
Bale injured as Zidane's Madrid hit five again

Bale injured as Zidane's Madrid hit five again

Zinedine Zidane's dream start to life as Real Madrid boss continued as Los Blancos scored four times in the opening 18 minutes on their way to a 5-1 rout of Sporting Gijon on Sunday. However, Madrid's joy was tempered as Gareth Bale and Karim Benzema both
Published 18 Jan, 2016 12:00am
Broad on top of the world

Broad on top of the world

Stuart Broad found himself ranked as the number one Test bowler in the world after leading England to victory over South Africa in Johannesburg. Broad's best overseas innings figures of six for 17, including a spell of five for one in 31 balls on Saturday
Published 18 Jan, 2016 12:00am
Kohli fastest to 7,000 ODI runs

Kohli fastest to 7,000 ODI runs

Star Indian batsman Virat Kohli became the fastest player to 7,000 one-day international runs during his innings against Australia at the Melbourne Cricket Ground on Sunday. Kohli reached the 7000-run mark with a glance to the boundary at fine leg from th
Published 18 Jan, 2016 12:00am
Maxwell heroics guide Australia to victory

Maxwell heroics guide Australia to victory

Glenn Maxwell blasted 96 from just 83 deliveries to lead Australia to a thrilling three-wicket win over India in the third one-day international Sunday and a series victory. After Australian captain Steve Smith won the toss at the Melbourne Cricket Ground
Published 18 Jan, 2016 12:00am
Porteous seals maiden European Tour win

Porteous seals maiden European Tour win

South African Haydn Porteous held his nerve for a bogey-free round of 69 to claim a maiden European Tour victory at the Joburg Open on Sunday. Joint overnight leader Porteous made just five bogeys all week and hit every green in regulation at the Royal Jo
Published 18 Jan, 2016 12:00am
Europe romp to emphatic victory over Asia

Europe romp to emphatic victory over Asia

Europe demonstrated their matchplay superiority over Asia Sunday, claiming an emphatic 13-point victory in the EurAsia Cup in Kuala Lumpur. Europe won 10 of the deciding 12 singles matches for an 18.5 to 5.5 points triumph on the Glenmarie Golf and Countr
Published 18 Jan, 2016 12:00am
Sabbir seals emphatic Bangladesh win

Sabbir seals emphatic Bangladesh win

Sabbir Rahman starred with both bat and ball on Sunday as Bangladesh crushed Zimbabwe by 42 runs in the second Twenty20 international to take a 2-0 lead in the four-match series. Sabbir made an unbeaten 43 and then took 3-11 to help Bangladesh restrict Zi
Published 18 Jan, 2016 12:00am
Record NZ stand inflicts 10-wicket defeat on Pakistan

Record NZ stand inflicts 10-wicket defeat on Pakistan

A world-record T20 partnership by Martin Guptill and Kane Williamson gave New Zealand a comprehensive 10-wicket win in the second Twenty20 against Pakistan in Hamilton on Sunday.
Published 18 Jan, 2016 12:00am
Nigeria's inflation edges up
Currency

Nigeria's inflation edges up

Nigeria's consumer price inflation stood at 9.6 percent year-on-year in December, up 0.2 percentage points from November, and still above the central bank's target upper limit of nine percent, the National Bureau of Statistics (NBS) said on Sunday. Food p
Published 18 Jan, 2016 12:00am
Tata Steel to cut 1,050 jobs in Britain

Tata Steel to cut 1,050 jobs in Britain

Tata Steel, the biggest steelmaker in Britain, will axe 1,050 jobs in the country, Sky News reported on Sunday, on top of the 1,170 cuts it announced last year due to low steel prices. The steelmaker said in October it would cut 900 jobs in Scunthorpe in
Published 18 Jan, 2016 12:00am
ECB quizzes banks about high levels of bad loans

ECB quizzes banks about high levels of bad loans

The European Central Bank is quizzing a number of eurozone banks about their high levels of non-performing loans, an ECB spokesman said on Sunday, as it ramps up efforts to tackle the region's mountain of bad debt.
Published 18 Jan, 2016 12:00am
Banks losing share in corporate currency business
Exchange

Banks losing share in corporate currency business

Small and medium-sized British companies are increasingly looking outside banks for foreign exchange in search of better rates and services, a survey showed on Sunday. Research company East & Partners' survey of more than 2,200 UK firms with annual revenu
Published 18 Jan, 2016 12:00am
Egypt to hold international tender for 11 oil and gas blocks

Egypt to hold international tender for 11 oil and gas blocks

Egypt will hold an international tender for 11 oil and natural gas exploration blocks in the Mediterranean sea and Nile Delta during the second half of fiscal year 2015-2016, Khaled Abdel Badie, head of state-owned EGAS said in a statement on Sunday.
Published 18 Jan, 2016 12:00am
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