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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-22
Pending refunds: government actively working on bonds: Haroon

Pending refunds: government actively working on bonds: Haroon

Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue has said the government is actively working on a new scheme to issue bonds in lieu of pending refunds to the taxpayers particularly exporters. Speaking at Aaj News program 'Paisa Bolta Hai
Published 22 Feb, 2016 12:00am
Has NAB fallen in line?

Has NAB fallen in line?

'All is not well', according to PPP Senator Babar. Commenting on the abrupt cancellation of a meeting between Prime Minister Nawaz Sharif and National Accountability Bureau Chairman Qamaruz Zaman Chaudhry, Senator Babar has reportedly told the Senate that
Published 22 Feb, 2016 12:00am
Wrong man at the wrong time: Jeb Bush exits presidential race

Wrong man at the wrong time: Jeb Bush exits presidential race

Jeb Bush's supporters thought he was not doing enough in the final days of his presidential campaign, and sought to revive his faltering chances by offering pleading advice to the candidate during a townhall forum.
Published 22 Feb, 2016 12:00am
CPEC: Socio-cultural dimension

CPEC: Socio-cultural dimension

Much debate has swirled around the pros and cons of CPEC's mammoth project being launched. Its economic potential is discussed at length and it is considered as a "game changer." The net result of regional connectivity is invoked that would ultimately pro
Published 22 Feb, 2016 12:00am
How to win elections in Pakistan?

How to win elections in Pakistan?

The general perception amongst Pakistani politicians is that the more spent on Public Sector Development Programme (PSDP) the greater the chances of being re-elected. This presupposes being in government as a party in opposition would naturally not be abl
Published 22 Feb, 2016 12:00am
Preparing anew to fight terrorism
Exchange

Preparing anew to fight terrorism

Although the Punjab government has been in a state of denial about the presence of violent extremist groups in the province, terrorists remain active. Nine lives were lost in two separate terror incidents on Wednesday. The first took place in Sheikhupura
Published 22 Feb, 2016 12:00am
Corridor projects need greater transparency
Currency

Corridor projects need greater transparency

Federal government has guaranteed to pay the Chinese companies generating power, in case, the Discos are unable to pay them on time. The Economic Co-ordination Committee of the Cabinet (ECC) approved the methodology for electricity generation projects bei
Published 22 Feb, 2016 12:00am
Zero rates wrecked your savings? Relax on a $17,000 footstool

Zero rates wrecked your savings? Relax on a $17,000 footstool

It doesn't look like much, but a boxy wooden vintage Swedish footstool isn't just a place to rest your weary feet after cross-country skiing. It is the latest competition to hedge funds or high end real estate. And that means it will cost you $17,000.
Published 22 Feb, 2016 12:00am
US EPA asks Volkswagen to make electric cars in US

US EPA asks Volkswagen to make electric cars in US

US authorities have asked the German carmaker Volkswagen to produce electric vehicles in the United States as a way of making up for its rigging of emission tests, the German newspaper Welt am Sonntag reported.
Published 22 Feb, 2016 12:00am
Nestle Asia works to restore India revenue after noodle ban

Nestle Asia works to restore India revenue after noodle ban

The head of Nestle's Asian business is hoping to restore revenue in India within three years to levels preceding the recall of its Maggi instant noodles from the market last year over a health scare, newspaper Schweiz am Sonntag reported. India banned Nes
Published 22 Feb, 2016 12:00am
Iran, Oman hold talks to forge closer energy ties

Iran, Oman hold talks to forge closer energy ties

Iran and Oman are interested in pursuing closer ties and shared investments in the energy sector, Iran's oil minister was quoted as saying on Sunday after talks in Tehran with Oman's foreign minister. Bijan Zanganeh said the most important shared project
Published 22 Feb, 2016 12:00am
China's Huawei unveils first PC aimed at businesses

China's Huawei unveils first PC aimed at businesses

Chinese electronics giant Huawei on Sunday unveiled its first personal computer, a convertible tablet aimed at the premium business market that will compete with Apple's iPad Pro and the Microsoft Surface.
Published 22 Feb, 2016 12:00am
China's pension fund posts higher return in 2015

China's pension fund posts higher return in 2015

China's National Social Security Fund (NSSF) recorded a 15.14 percent return on its investments last year, business magazine Caijing reported on Sunday, citing a speech from the organisation's vice chairman.
Published 22 Feb, 2016 12:00am
Nadal vows 'hard work' after new defeat

Nadal vows 'hard work' after new defeat

Rafael Nadal has vowed he will put in more hard work in a bid to get his game back to the level where he can win more tournaments. The 29-year-old Spaniard endured another frustrating defeat late Saturday when he lost a marathon semi-final in the ATP Rio
Published 22 Feb, 2016 12:00am
KP Inter-District Games set to start

KP Inter-District Games set to start

Director General Sports Khyber Pakhtunkhwa Miss Rashida Ghaznavi has said that all arrangements have been given final touches to formally inaugurate the much awaited Khyber Pakhtunkhwa Games at Inter-District level in Bannu on Monday.
Published 22 Feb, 2016 12:00am
Burns, Smith fall after tons put Australia in charge
Exchange

Burns, Smith fall after tons put Australia in charge

Century-makers Joe Burns and Steve Smith shredded the New Zealand attack to have Australia in charge of the second Test, before both fell in the dying stages of day two in Christchurch on Sunday. Burns hit a career best 170, his third century, and Smith m
Published 22 Feb, 2016 12:00am
Kyrgios wins first ATP title

Kyrgios wins first ATP title

Nick Kyrgios won his first ATP World Tour title on Sunday as he upset fourth seed Marin Cilic 6-2, 7-6 (7/3) in the final of the Marseille Open. The 20-year-old Australian reached the final by defeating two top 10 players in Tomas Berdych and Richard Gasq
Published 22 Feb, 2016 12:00am
Diamond Paints win Aibak Polo Cup

Diamond Paints win Aibak Polo Cup

Diamond Paints defeated Learning Alliance 9-4 1/2 to clinch 'the Royal Residencia Lahore Aibak Polo Cup 2016' here at Lahore Polo Club on Sunday.
Published 22 Feb, 2016 12:00am
Pakistan table tennis team to leave for Malaysia on February 26

Pakistan table tennis team to leave for Malaysia on February 26

A seven-member Pakistan table tennis squad will leave for Malaysia on February 26 to feature in the 2016 World Table Tennis Team Championship, scheduled to be staged at Kuala Lumpur, Malaysia from February 28 to March 6.
Published 22 Feb, 2016 12:00am
Five-goal Chelsea punish Pellegrini's selection gamble

Five-goal Chelsea punish Pellegrini's selection gamble

Chelsea punished Manuel Pellegrini's controversial decision to field a remarkably inexperienced team as Eden Hazard inspired a 5-1 demolition of Manchester City in the FA Cup fifth round on Sunday. With City due to make the long flight to the Ukraine on M
Published 22 Feb, 2016 12:00am
De Villiers, Amla lead South Africa to England rout

De Villiers, Amla lead South Africa to England rout

AB de Villiers and Hashim Amla blasted South Africa to victory by nine wickets after England collapsed in the second Twenty20 international at the Wanderers Stadium on Sunday. De Villiers and Amla made England's total of 171 look puny as they thrashed 125
Published 22 Feb, 2016 12:00am
Dogs can read human emotions

Dogs can read human emotions

Many dog owners believe their pets are able to pick up on their moods, but scientists have demonstrated once and for all that man's best friend can actually recognise emotions in humans. Researchers found that by combining information from different sense
Published 22 Feb, 2016 12:00am
Irradiated mosquitoes to help zap Zika's power

Irradiated mosquitoes to help zap Zika's power

The atmosphere inside the laboratory on the outskirts of Vienna is literally buzzing with armies of male mosquitoes locked up inside net-covered boxes. Their sole mission in life: stop females from breeding. Better known for keeping a close watch on count
Published 22 Feb, 2016 12:00am
Mammals with large brains more likely to go extinct

Mammals with large brains more likely to go extinct

Mammals with large brains tend to be smarter but they also face a greater chance today of going extinct, according to a study published on February 17. Scientists have long known that having oodles of grey matter comes at a certain cost. Supplying a big b
Published 22 Feb, 2016 12:00am
Patient wears 3-D glasses during brain surgery

Patient wears 3-D glasses during brain surgery

In a world first, a patient in France undergoing brain surgery while conscious wore virtual reality glasses as doctors removed a cancerous tumour, the chief surgeon told AFP on February 16.
Published 22 Feb, 2016 12:00am
Organic milk, meat richer in omega-3: study

Organic milk, meat richer in omega-3: study

Organic milk and meat contain about 50 percent more beneficial omega-3 fatty acids than conventionally produced equivalents, according to a pair of large-scale studies published on February 16. Previous research has linked omega-3 with reduced rates of ca
Published 22 Feb, 2016 12:00am
More young breast cancer patients having genetic tests

More young breast cancer patients having genetic tests

In recent years, more than 95 percent of US women diagnosed with cancer at age 40 or younger got tested for mutations that raise their risk of future cancers, according to a new study. The rate of genetic testing has steadily risen from about 70 percent i
Published 22 Feb, 2016 12:00am
El Nino begins decline after 'powerful' impact: UN

El Nino begins decline after 'powerful' impact: UN

The 2015-2016 El Nino weather phenomenon, one of the most powerful on record, has begun its decline but continues to have a strong influence on global climate patterns, the UN's weather agency said on February 18.
Published 22 Feb, 2016 12:00am
American Express to overhaul management

American Express to overhaul management

American Express Co said it would overhaul its management, streamline its marketing operations and cut jobs as it looks to reduce $1 billion in costs over the next two years. The company is facing stiff competition in the co-branding business and has lost
Published 22 Feb, 2016 12:00am
Santos reports A$2.7 billion loss

Santos reports A$2.7 billion loss

Australian oil and gas producer Santos Ltd, which rejected a A$7.1 billion take-over last year, slid to a loss in 2015, hit by hefty writedowns, and its new boss said he was working on a strategy to shore it up against weak oil prices.
Published 22 Feb, 2016 12:00am
Santos reports A$2.7 billion loss

Santos reports A$2.7 billion loss

Australian oil and gas producer Santos Ltd, which rejected a A$7.1 billion take-over last year, slid to a loss in 2015, hit by hefty writedowns, and its new boss said he was working on a strategy to shore it up against weak oil prices.
Published 22 Feb, 2016 12:00am
Wal-Mart's online sales growth Decelerates
Currency

Wal-Mart's online sales growth Decelerates

Wal-Mart Stores appears to have hit a speed bump in the race to grow online sales. The retailer's e-commerce sales rose 8 percent in the fiscal fourth quarter ended January 31, for a fourth straight period of decelerating growth. Growth has gone from 17 p
Published 22 Feb, 2016 12:00am
Wal-Mart's online sales growth Decelerates
Currency

Wal-Mart's online sales growth Decelerates

Wal-Mart Stores appears to have hit a speed bump in the race to grow online sales. The retailer's e-commerce sales rose 8 percent in the fiscal fourth quarter ended January 31, for a fourth straight period of decelerating growth. Growth has gone from 17 p
Published 22 Feb, 2016 12:00am
Mitsubishi wins $940 million order to supply 20 of its regional jets

Mitsubishi wins $940 million order to supply 20 of its regional jets

Mitsubishi Aircraft Corp, a unit of Mitsubishi Heavy Industries Ltd, has struck a deal to supply 20 regional jets to US leasing firm Aerolease, its first agreement with a lessor. The Japanese firm has struggled with multiple delays in its effort to enter
Published 22 Feb, 2016 12:00am
Michelin posted 13 percent rise in annual profit
Currency

Michelin posted 13 percent rise in annual profit

French tyre maker Michelin posted a 13 percent rise in annual profit on February 16 as a weaker euro helped offset competition from Chinese brands, and set higher profitability targets, sending its shares up 3 percent in early trade. Michelin, based in Cl
Published 22 Feb, 2016 12:00am
Michelin posted 13 percent rise in annual profit
Currency

Michelin posted 13 percent rise in annual profit

French tyre maker Michelin posted a 13 percent rise in annual profit on February 16 as a weaker euro helped offset competition from Chinese brands, and set higher profitability targets, sending its shares up 3 percent in early trade. Michelin, based in Cl
Published 22 Feb, 2016 12:00am
ANZ Bank first quarter cash profit, warns of Asia challenges

ANZ Bank first quarter cash profit, warns of Asia challenges

Australia and New Zealand Banking Group on February 17 reported a 4 percent rise in first quarter unaudited cash profit but warned slowing growth and heightened volatility in Asia could lead to a higher bad debt charge for the current half-year.
Published 22 Feb, 2016 12:00am
ANZ Bank first quarter cash profit, warns of Asia challenges

ANZ Bank first quarter cash profit, warns of Asia challenges

Australia and New Zealand Banking Group on February 17 reported a 4 percent rise in first quarter unaudited cash profit but warned slowing growth and heightened volatility in Asia could lead to a higher bad debt charge for the current half-year.
Published 22 Feb, 2016 12:00am
T-Mobile profit nearly triples

T-Mobile profit nearly triples

T-Mobile US Inc nearly tripled its profit in the fourth quarter as it gained more than 2 million subscribers drawn by aggressive promotions like free video streaming. Net income jumped to $297 million, or 34 cents per share, in the quarter from $101 milli
Published 22 Feb, 2016 12:00am
T-Mobile profit nearly triples

T-Mobile profit nearly triples

T-Mobile US Inc nearly tripled its profit in the fourth quarter as it gained more than 2 million subscribers drawn by aggressive promotions like free video streaming. Net income jumped to $297 million, or 34 cents per share, in the quarter from $101 milli
Published 22 Feb, 2016 12:00am
No output growth for OMV by 2020 without Russia: chief executive

No output growth for OMV by 2020 without Russia: chief executive

Austrian oil and gas group OMV's output could stagnate at 300,000 barrels of oil equivalent per day until 2020 if an asset swap with Gazprom for a stake in a Siberian field falls through this year, Chief Executive Rainer Seele said.
Published 22 Feb, 2016 12:00am
CJF calls for early adoption of cultural policy

CJF calls for early adoption of cultural policy

Culture Journalists Forum (CJF) has welcomed the appointment of Mehmud Khan as Minister for Culture and urged the government for the passage of new cultural policy from the provincial legislature.
Published 22 Feb, 2016 12:00am
SMEDA helps revive 1,532 crisis-hit SMEs

SMEDA helps revive 1,532 crisis-hit SMEs

Small and Medium Enterprises Development Authority (SMEDA) has distributed grants of Rs1.287 billion amongst 1532 terrorism and flood SMEs of KPK and FATA under the Multi-Donor Trust Fund (MDTF) funded Economic Revitalisation of KP and FATA.
Published 22 Feb, 2016 12:00am
26,546 Mustahqeen benefiting from BISP: Marvi

26,546 Mustahqeen benefiting from BISP: Marvi

The Minister of State and Chairperson of the Benazir Income Support Programme (BISP), Ms. Marvi Memon, has said that 26,546 Mustahqeen are benefiting from this very programme in Makran Division. She stated this while speaking at a programme held here on S
Published 22 Feb, 2016 12:00am
LG by-polls in 23 KP district held peacefully

LG by-polls in 23 KP district held peacefully

Amid tight measures, polling for local government by-elections in Khyber Pakhtunkhwa was held on Sunday in a peaceful atmosphere. Elaborate security measures were taken across the 23 districts where polling for was held. Some 50,000 police personnel backe
Published 22 Feb, 2016 12:00am
Foreign financing: Dar for efficient utilisation

Foreign financing: Dar for efficient utilisation

Federal Minister for Finance Ishaq Dar has chaired a meeting here to review performance of Economic Affairs Division (EAD). Secretary, Economic Affairs Division briefed the minister on the ongoing interaction with various multilateral and bilateral develo
Published 22 Feb, 2016 12:00am
'Embezzlement' in BISP: red warrants may be issued for Farzana Raja

'Embezzlement' in BISP: red warrants may be issued for Farzana Raja

National Accountability Bureau (NAB) is investigating alleged embezzlement and irregularities in the Benazir Income Support Programme (BISP), it is learnt. According to the sources, the NAB has started to collect evidences against former chairperson BISP
Published 22 Feb, 2016 12:00am
Reham Khan signs up to be organ donor at SIUT

Reham Khan signs up to be organ donor at SIUT

Broadcast journalist Reham Khan has signed up to be an organ donor at the Sindh Institute of Urology and Transplantation (SIUT). The ex-wife of the chief of Pakistan Tehrik-i-Insaf (PTI), Imran Khan, signed the form to this effect during a visit to the SI
Published 22 Feb, 2016 12:00am
Pesco approves relief for industrial consumers

Pesco approves relief for industrial consumers

Board of Director (BoD) Peshawar Electric Supply Company (PESCO) has formally approved the relief of Rs 3 per unit to industrial consumers as per announcement of the Prime Minister of Pakistan.
Published 22 Feb, 2016 12:00am
Sindh's experts reject proposed Akhori Dam project

Sindh's experts reject proposed Akhori Dam project

Speaking at Sindh Policy Studies Dialogue on 'Water and Census Issues' a panel of experts rejected the proposed Akhori Dam, describing it against the interests of the province.
Published 22 Feb, 2016 12:00am
BISEP to set up control room

BISEP to set up control room

The Board of Intermediate and Secondary Education Peshawar (BISEP) is going to set up a control room during SSC Annual Examinations 2016, for the facilitation of students, parents and public at large.
Published 22 Feb, 2016 12:00am
APWA celebrating 67th Founders' Day

APWA celebrating 67th Founders' Day

APWA on Monday being the anniversary of the Founding Day by Begum Ra'ana Liaquat All Khan is celebrating its 67th years of working for the uplift and empowerment of women and children.
Published 22 Feb, 2016 12:00am
Angry mob gives a thrashing to ACLC officials

Angry mob gives a thrashing to ACLC officials

Residents of Orangi Town's Islam Chowk on Sunday gave a thrashing to members of Anti-Car Lifting Cell (ACLC) when they raided a house in the locality to arrest a person. According to police, a number of officials of the raiding party were in civvies.
Published 22 Feb, 2016 12:00am
TED crowd gets taste of virtual reality future

TED crowd gets taste of virtual reality future

Clad in virtual reality headgear and computerised vests, intrepid explorers at the annual TED event headed Wednesday into a temple adventure reminiscent of a scene from "Indiana Jones" - and billed as a major entertainment breakthrough.
Published 22 Feb, 2016 12:00am
China's Xiaomi to use smartphone chips designed in-house

China's Xiaomi to use smartphone chips designed in-house

China's most valuable start-up Xiaomi Inc is aiming to use smartphone processor chips designed in-house in some of its lower-priced handsets in the second half of this year, a source with direct knowledge of the matter told Reuters. The move would mark th
Published 22 Feb, 2016 12:00am
Indian company launches four-dollar smartphone

Indian company launches four-dollar smartphone

An Indian company on is launching what could be the world's cheapest smartphone - with a price tag of less than 4 dollars. Handset manufacturer Ringing Bells' Freedom 251 phone will cost 251 rupees, or around 3.66 dollars. It will be nearly one-sixth the
Published 22 Feb, 2016 12:00am
Slow mobile buffering a horror show: Ericsson

Slow mobile buffering a horror show: Ericsson

Video streaming delays generate as much stress as watching a horror film, the Swedish telecom company Ericsson said Wednesday. Ericsson, which sells equipment to mobile telephone companies to accelerate download speeds and prevent delays or buffering, sai
Published 22 Feb, 2016 12:00am
Keeping computers cool: Microsoft tests underwater data centres

Keeping computers cool: Microsoft tests underwater data centres

Microsoft is testing a self-contained data centre that could be deployed deep underwater so as to reduce cooling costs and emissions from land-based centres, the New York Times has reported. Code-named Project Natick, Microsoft's experimental data complex
Published 22 Feb, 2016 12:00am
Experts explain how to avert the automatic Windows 10 upgrade

Experts explain how to avert the automatic Windows 10 upgrade

Microsoft is seeking to accelerate the adoption of its new Windows 10 operating system by making it a "recommended" update, which is putting laggards round the world in a dilemma, experts say. Half a year after Windows 10 came out, many people using Windo
Published 22 Feb, 2016 12:00am
Leap Motion opens door to reach into virtual worlds

Leap Motion opens door to reach into virtual worlds

California virtual reality startup Leap Motion on Wednesday opened a door for makers of games or other applications to literally touch virtual worlds. The San Francisco firm is using its expertise in computer tracking of hands and fingers to let people ma
Published 22 Feb, 2016 12:00am
Yahoo begins shuttering some digital services

Yahoo begins shuttering some digital services

Yahoo has begun shutting down some of its digital magazines as the struggling online pioneer's latest reorganisation plan. In a blog post Wednesday, Yahoo global editor in chief Martha Nelson announced plans to start phasing out some operations as it focu
Published 22 Feb, 2016 12:00am
New Apple app lets composers preserve instant song ideas

New Apple app lets composers preserve instant song ideas

A new iOS app from Apple allows tyro songwriters and composers to capture and organise guitar riffs and other new musical ideas. The free app called Music Memos records voices and instruments in uncompressed audio using the iPhone's built-in microphone. T
Published 22 Feb, 2016 12:00am
Firefox adds push notifications for closed websites

Firefox adds push notifications for closed websites

Push notifications are a familiar sight to most smartphone users, allowing apps to alert them in the screensaver about events, news, alerts, status updates or other information.
Published 22 Feb, 2016 12:00am
Facebook now let's you see your 'degree of separation'

Facebook now let's you see your 'degree of separation'

Facebook now let's you see your "degree of separation" from everyone else in the world - or at least those of them who're members of the social network. Facebook crunched the numbers to test the common belief that everyone on the planet is connected to ev
Published 22 Feb, 2016 12:00am
Japan inflation, US GDP figures eyed by Tokyo investors

Japan inflation, US GDP figures eyed by Tokyo investors

Japanese inflation and revised US GDP data will be among the key trading cues for Tokyo investors after a topsy-turvy week that saw the benchmark index stage a big rally. Economists widely expect another weak inflation number, far below the Bank of Japan'
Published 22 Feb, 2016 12:00am
Gulf markets lose steam as optimism over oil producer deal fades

Gulf markets lose steam as optimism over oil producer deal fades

Most Gulf stock markets edged down on Sunday after oil prices pulled back on Friday, as optimism faded over a proposed deal among crude producers to cap output. A rise in shares of Commercial International Bank buoyed Egypt's bourse.
Published 22 Feb, 2016 12:00am
Avant pays up on first rated deal

Avant pays up on first rated deal

Online lender Avant is poised to pay investors hearty yields of up to 10% to clear its first rated securtization of personal loans to middle-class borrowers. Avant hired Kroll Bond Rating Agency to rate its three-tranche US $300m bond, with the hope of at
Published 22 Feb, 2016 12:00am
Avant pays up on first rated deal

Avant pays up on first rated deal

Online lender Avant is poised to pay investors hearty yields of up to 10% to clear its first rated securtization of personal loans to middle-class borrowers. Avant hired Kroll Bond Rating Agency to rate its three-tranche US $300m bond, with the hope of at
Published 22 Feb, 2016 12:00am
Egyptian pound steady at forex sale and black market
Exchange

Egyptian pound steady at forex sale and black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday and on the black market, with traders limiting their transactions to regular clients after the central bank began cracking down on unofficial trading.
Published 22 Feb, 2016 12:00am
Goodbye capital preservation, hello damage limitation: money funds

Goodbye capital preservation, hello damage limitation: money funds

Money market funds in Europe that can no longer return all your cash remain popular with companies due to a lack of alternatives, even if an era of increasingly negative interest rates may demand a broader rethink of cash management.
Published 22 Feb, 2016 12:00am
Goodbye capital preservation, hello damage limitation: money funds

Goodbye capital preservation, hello damage limitation: money funds

Money market funds in Europe that can no longer return all your cash remain popular with companies due to a lack of alternatives, even if an era of increasingly negative interest rates may demand a broader rethink of cash management.
Published 22 Feb, 2016 12:00am
Egyptian dairy firm Domty plans to list in March
Exchange

Egyptian dairy firm Domty plans to list in March

Egyptian dairy firm Arabian Food Industries Co (Domty) is planning an initial public offering (IPO) on the Cairo bourse in March, Chairman and Managing Director Omar El Damaty said on Wednesday. Food is seen as a fast-growing sector in the Arab nation of
Published 22 Feb, 2016 12:00am
Egyptian dairy firm Domty plans to list in March
Exchange

Egyptian dairy firm Domty plans to list in March

Egyptian dairy firm Arabian Food Industries Co (Domty) is planning an initial public offering (IPO) on the Cairo bourse in March, Chairman and Managing Director Omar El Damaty said on Wednesday. Food is seen as a fast-growing sector in the Arab nation of
Published 22 Feb, 2016 12:00am
US-based stock funds get most cash in over two years
Mutual Funds

US-based stock funds get most cash in over two years

Investors in US-based mutual funds poured $8.1 billion into stock funds in the latest week, marking the biggest inflows since November 2013 on views that recent weakness has made US shares more attractive and overseas stocks remained promising.
Published 22 Feb, 2016 12:00am
US-based stock funds get most cash in over two years
Mutual Funds

US-based stock funds get most cash in over two years

Investors in US-based mutual funds poured $8.1 billion into stock funds in the latest week, marking the biggest inflows since November 2013 on views that recent weakness has made US shares more attractive and overseas stocks remained promising.
Published 22 Feb, 2016 12:00am
Wall Street week ahead: focus sharpens on Fed after hot inflation data

Wall Street week ahead: focus sharpens on Fed after hot inflation data

With next week's calendar full of economic data releases and speeches by economic policymakers, investors have been poised to watch the Federal Reserve for clues about the US central bank's next move, but an unexpectedly hot reading on inflation on Friday
Published 22 Feb, 2016 12:00am
US Air Force drone crashes in southern Afghanistan

US Air Force drone crashes in southern Afghanistan

An unmanned American aircraft crashed at an airfield in southern Afghanistan less than three months after an identical drone went down in November, a US Air Force spokesman said on Sunday.
Published 22 Feb, 2016 12:00am
Thousands in Japan rally against US base on Okinawa

Thousands in Japan rally against US base on Okinawa

Thousands of people surrounded Japan's parliament on Sunday to protest against government plans to relocate a US military base on Okinawa island, local media reported. Kyodo news agency said some 28,000 protesters had ringed parliament house in central To
Published 22 Feb, 2016 12:00am
Australia issues security alert for Kuala Lumpur

Australia issues security alert for Kuala Lumpur

The Australian government warned on Sunday that terrorists may be planning attacks in and around the Malaysian capital Kuala Lumpur. Malaysia has been on high alert since a bomb and gun attack in Indonesia's capital in January, which was claimed by the Is
Published 22 Feb, 2016 12:00am
Missing radioactive material found dumped in south Iraq

Missing radioactive material found dumped in south Iraq

Radioactive material that went missing in Iraq has been found dumped near a petrol station in the southern town of Zubair, officials said on Sunday, ending speculation it could be acquired by Islamic State and used as a weapon. The officials told Reuters
Published 22 Feb, 2016 12:00am
Fiji super cyclone kills five, raises fears of health crisis

Fiji super cyclone kills five, raises fears of health crisis

Downed power lines and flooding are hampering relief efforts in Fiji after one of the most powerful storms recorded in the southern hemisphere tore through the Pacific island nation, flattening remote villages and killing at least five people.
Published 22 Feb, 2016 12:00am
Leading Hindu priest decapitated in Bangladesh

Leading Hindu priest decapitated in Bangladesh

A top Hindu priest was decapitated by attackers in northern Bangladesh Sunday and two worshippers wounded, police said, in the latest assault targeting minorities in the Muslim-majority nation.
Published 22 Feb, 2016 12:00am
Vintage steam train crashes in Switzerland, injuring 16

Vintage steam train crashes in Switzerland, injuring 16

A vintage steam-driven train crashed late Saturday into a parked train vehicle south of the Swiss city of Zurich, injuring 16 people, police said. The vintage 19th century train was carrying a total of 56 passengers to Zurich when it crashed shortly after
Published 22 Feb, 2016 12:00am
Macedonia closes border to Afghan migrants

Macedonia closes border to Afghan migrants

Afghan migrants seeking to travel through the Balkans to northern Europe were barred from entering Macedonia on Sunday, Greek police on the border said. "We were warned this morning that Macedonian authorities would no longer let Afghans pass," a Greek po
Published 22 Feb, 2016 12:00am
Czechs to send 100 troops to Nato's eastern flank

Czechs to send 100 troops to Nato's eastern flank

The Czech Republic is ready to send around 100 soldiers to the eastern flank of Nato to help reinforce the Baltics and Poland and deter Russia, Defence Minister Martin Stropnicky said on Sunday. The move is in line with a Nato plan, announced on February
Published 22 Feb, 2016 12:00am
Tunisia extends state of emergency by one month

Tunisia extends state of emergency by one month

Tunisia said Sunday it would extend by one month a nation-wide state of emergency imposed after a November suicide bombing claimed by the Islamic State group killed 12 presidential guards. The presidency, in a statement on its official Facebook page, said
Published 22 Feb, 2016 12:00am
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