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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-07-09
A crafty dealing?
Currency

A crafty dealing?

The eleventh International Monetary Fund (IMF) review was uploaded on the website on 5 July, eve of Eid-ul-Fitr. This could be construed as either a deliberate attempt to defuse a critical analysis of the review given the Eid holidays or else indifference
Published 09 Jul, 2016 12:00am
Planned sell-off transactions scaled back

Planned sell-off transactions scaled back

Pakistan has reassessed its strategy for public sector enterprises (PSEs) and scaled back planned privatization transactions; however the government is continuing efforts to attract private sector participation and putting in place additional measures to
Published 09 Jul, 2016 12:00am
Planned sell-off transactions scaled back

Planned sell-off transactions scaled back

Pakistan has reassessed its strategy for public sector enterprises (PSEs) and scaled back planned privatization transactions; however the government is continuing efforts to attract private sector participation and putting in place additional measures to
Published 09 Jul, 2016 12:00am
Planned sell-off transactions scaled back

Planned sell-off transactions scaled back

Pakistan has reassessed its strategy for public sector enterprises (PSEs) and scaled back planned privatization transactions; however the government is continuing efforts to attract private sector participation and putting in place additional measures to
Published 09 Jul, 2016 12:00am
12 Pakistanis among 19 held over Saudi Arabia attacks

12 Pakistanis among 19 held over Saudi Arabia attacks

Nineteen people, including 12 Pakistani nationals, have been arrested in Saudi Arabia following suicide attacks on Monday, including one near Islam's second-holiest site in the city of Madina, the kingdom's Interior Ministry said on Thursday.
Published 09 Jul, 2016 12:00am
12 Pakistanis among 19 held over Saudi Arabia attacks

12 Pakistanis among 19 held over Saudi Arabia attacks

Nineteen people, including 12 Pakistani nationals, have been arrested in Saudi Arabia following suicide attacks on Monday, including one near Islam's second-holiest site in the city of Madina, the kingdom's Interior Ministry said on Thursday.
Published 09 Jul, 2016 12:00am
Pakistan won't allow anyone to use its soil against Afghanistan: CoAS

Pakistan won't allow anyone to use its soil against Afghanistan: CoAS

Chief of Army Staff (CoAS) General Raheel Sharif Wednesday stated that operations against terrorists of all hues and colours will continue and Pakistan will not allow any one to use its soil against Afghanistan. Addressing troops on the front lines in Nor
Published 09 Jul, 2016 12:00am
Pakistan won't allow anyone to use its soil against Afghanistan: CoAS

Pakistan won't allow anyone to use its soil against Afghanistan: CoAS

Chief of Army Staff (CoAS) General Raheel Sharif Wednesday stated that operations against terrorists of all hues and colours will continue and Pakistan will not allow any one to use its soil against Afghanistan. Addressing troops on the front lines in Nor
Published 09 Jul, 2016 12:00am
Anti-Money Laundering Act: IT evasion considered as predicate offence

Anti-Money Laundering Act: IT evasion considered as predicate offence

Ministry of Finance issued a notification dated May 15, 2016 in compliance with the International Monetary Fund (IMF) structural benchmark to include income tax evasion in the list of tax crimes considered as predicate offence under Anti-Money Laundering
Published 09 Jul, 2016 12:00am
Anti-Money Laundering Act: IT evasion considered as predicate offence

Anti-Money Laundering Act: IT evasion considered as predicate offence

Ministry of Finance issued a notification dated May 15, 2016 in compliance with the International Monetary Fund (IMF) structural benchmark to include income tax evasion in the list of tax crimes considered as predicate offence under Anti-Money Laundering
Published 09 Jul, 2016 12:00am
Anti-Money Laundering Act: IT evasion considered as predicate offence

Anti-Money Laundering Act: IT evasion considered as predicate offence

Ministry of Finance issued a notification dated May 15, 2016 in compliance with the International Monetary Fund (IMF) structural benchmark to include income tax evasion in the list of tax crimes considered as predicate offence under Anti-Money Laundering
Published 09 Jul, 2016 12:00am
Anti-Money Laundering Act: IT evasion considered as predicate offence

Anti-Money Laundering Act: IT evasion considered as predicate offence

Ministry of Finance issued a notification dated May 15, 2016 in compliance with the International Monetary Fund (IMF) structural benchmark to include income tax evasion in the list of tax crimes considered as predicate offence under Anti-Money Laundering
Published 09 Jul, 2016 12:00am
Five Dallas police dead, nine wounded including 7 cops

Five Dallas police dead, nine wounded including 7 cops

Snipers shot dead five police officers and wounded seven others in Dallas during a protest against police brutality in the wake of two fatal shootings of black men in other US cities, the city's mayor said Friday. Two civilians were also shot and wounded
Published 09 Jul, 2016 12:00am
Five Dallas police dead, nine wounded including 7 cops

Five Dallas police dead, nine wounded including 7 cops

Snipers shot dead five police officers and wounded seven others in Dallas during a protest against police brutality in the wake of two fatal shootings of black men in other US cities, the city's mayor said Friday. Two civilians were also shot and wounded
Published 09 Jul, 2016 12:00am
Aircraft dedicated to bring back PM today

Aircraft dedicated to bring back PM today

Pakistan International Airlines (PIA) has reportedly dedicated 'Boeing-777' aircraft to operate special flight for Prime Minister Mian Muhammad Nawaz Sharif, who is expected to return back after a successful open-heart surgery in London on Saturday (today
Published 09 Jul, 2016 12:00am
Aircraft dedicated to bring back PM today

Aircraft dedicated to bring back PM today

Pakistan International Airlines (PIA) has reportedly dedicated 'Boeing-777' aircraft to operate special flight for Prime Minister Mian Muhammad Nawaz Sharif, who is expected to return back after a successful open-heart surgery in London on Saturday (today
Published 09 Jul, 2016 12:00am
Funeral prayers at National Stadium today

Funeral prayers at National Stadium today

State funeral of world-famous social worker Abdul Sattar Edhi will be held at National Stadium, Karachi, after Zohr prayers on Saturday. "The venue has been changed at the request of the State authorities," Faisal Edhi told reporters in the wee hours of S
Published 09 Jul, 2016 12:00am
Funeral prayers at National Stadium today

Funeral prayers at National Stadium today

State funeral of world-famous social worker Abdul Sattar Edhi will be held at National Stadium, Karachi, after Zohr prayers on Saturday. "The venue has been changed at the request of the State authorities," Faisal Edhi told reporters in the wee hours of S
Published 09 Jul, 2016 12:00am
Pakistanis' 'messiah' dies

Pakistanis' 'messiah' dies

Renowned social worker Abdul Sattar Edhi passed away after a protracted ailment here on Friday night. He will be laid to rest in Edhi Village Saturday (today), according to Aaj News. He will be buried in a grave that he had earmarked and prepared for hims
Published 09 Jul, 2016 12:00am
Pakistanis' 'messiah' dies

Pakistanis' 'messiah' dies

Renowned social worker Abdul Sattar Edhi passed away after a protracted ailment here on Friday night. He will be laid to rest in Edhi Village Saturday (today), according to Aaj News. He will be buried in a grave that he had earmarked and prepared for hims
Published 09 Jul, 2016 12:00am
The Weather

The Weather

The weather report on Friday (July 08, 2016) and the forecast for Saturday (July 09, 2016).

Published 09 Jul, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 09 Jul, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 09 Jul, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 Jul, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 Jul, 2016 12:00am
BRIDGE NOTES: Now they see it now they don't

BRIDGE NOTES: Now they see it now they don't

It is generally recognised that defence in Bridge is its most difficult aspect for it is much easier to play as declarer viewing half the deck than it is to defend not knowing which cards are held by partner and the declarer.
Published 09 Jul, 2016 12:00am
Bryce Dallas Howard, the actress who might just bowl you over

Bryce Dallas Howard, the actress who might just bowl you over

She grew up around movie sets watching her father direct Tom Cruise, Robert DeNiro and other Hollywood greats, yet Bryce Dallas Howard still has her moments of giddy fandom. The 35-year-old actress recalls her somewhat undignified first meeting with Rober
Published 09 Jul, 2016 12:00am
Golden age Hollywood starlet Olivia de Havilland turns 100

Golden age Hollywood starlet Olivia de Havilland turns 100

Screen legend Olivia de Havilland, who turned 100 last Friday, is the last surviving star from "Gone with the Wind" and one of the last great stars of Hollywood's bygone golden era. The two-time Oscar winner and five-time Academy Award nominee came to emb
Published 09 Jul, 2016 12:00am
Wearable artificial kidney offers hope for dialysis patients

Wearable artificial kidney offers hope for dialysis patients

An experimental wearable artificial kidney shows promise as a substitute for dialysis machines, researchers report. More than 2 million people world-wide with kidney failure require chronic dialysis. They must follow strict limitations as to what they eat
Published 09 Jul, 2016 12:00am
An emerging polo star

An emerging polo star

Young, energetic and competitive Rohan Hussain son of Major Atif Hussain is a youngest national tent pegging champion, a brilliant horse rider, and an emerging polo star. Rohan has GOD gifted talent and started his riding journey at the age of four. Now t
Published 09 Jul, 2016 12:00am
'YouTubers' outshining old-school television

'YouTubers' outshining old-school television

A media revolution is taking place, and most people over 35 years of age aren't tuned in. Millennials and their successors are shunning old-school television in favour of watching what they want whenever they wish on Google-owned YouTube or other video pl
Published 09 Jul, 2016 12:00am
Media firms lose control of news as tech platforms rise

Media firms lose control of news as tech platforms rise

When allegations emerged that Facebook was skewing its trending news stories, many learned about it... on Facebook. That underscored the rapid shift in media - not only is news moving from print to digital, but Facebook, Google and other tech platforms ar
Published 09 Jul, 2016 12:00am
Rocky future for Somalia's ancient cave art

Rocky future for Somalia's ancient cave art

Centuries have passed since Neolithic artists swirled red and white colour on the cliffs of northern Somalia, painting antelopes, cattle, giraffes and hunters carrying bows and arrows. Today, the paintings at Laas Geel in the self-declared state of Somali
Published 09 Jul, 2016 12:00am
ART FACTS: A majestic ambience

ART FACTS: A majestic ambience

A majestic ambiance of Ahmed Pervez Art Gallery of The Arts Council of Pakistan, Karachi overwhelmed the visitors as a feeling of calmness and stillness prevail the environment of the gallery.
Published 09 Jul, 2016 12:00am
Rio de Janeiro - the 'marvellous city' - gets ready for the Olympics

Rio de Janeiro - the 'marvellous city' - gets ready for the Olympics

"Cidade maravilhosa" - the marvellous city - is Rio de Janeiro's nickname. Be it seen from the colourful, world-renowned beaches of the Copacabana and Ipanema, or from the vast statue of Christ atop the 700-metre Corcovado looking down on the city, the Br
Published 09 Jul, 2016 12:00am
Karachi Chronicle: Karachi at the crossroads

Karachi Chronicle: Karachi at the crossroads

The assassination of famous qawwal Amjad Sabri and the kidnapping of the son of Chief Justice of Sindh High Court last month set in motion the same old formula for improving the security of the city. This was the concerned arrival in Karachi of Interior M
Published 09 Jul, 2016 12:00am
US bans Theranos CEO from running labs for two years

US bans Theranos CEO from running labs for two years

US regulators have banned Elizabeth Holmes, the founder and chief executive of Theranos, from operating laboratories for at least two years, the troubled blood-testing company said late Thursday. Theranos said that the Centers for Medicare & Medicaid Serv
Published 09 Jul, 2016 12:00am
Tata Steel looking at European joint venture with ThyssenKrupp
Currency

Tata Steel looking at European joint venture with ThyssenKrupp

India's Tata Steel said Friday it had entered discussions with industry players including Germany's ThyssenKrupp over a possible joint venture for its European operations, as a potential alternative to selling off the UK business. The firm has been consid
Published 09 Jul, 2016 12:00am
Mugabe blames Western sanctions for delays in paying government workers

Mugabe blames Western sanctions for delays in paying government workers

Zimbabwe's President Robert Mugabe on Friday blamed sanctions by Western countries for his government's failure to pay its workers on time, which led to a crippling strike by civil servants this week. "We have problems with sanctions, the United States is
Published 09 Jul, 2016 12:00am
IMF cuts eurozone growth forecast for 2017 after Brexit

IMF cuts eurozone growth forecast for 2017 after Brexit

The IMF cut its growth forecast for the eurozone on Friday, citing the fallout from Britain's shock vote to leave the European Union. The IMF cut the growth forecast for 2017 to 1.4 percent, from the earlier 1.6 percent, "mainly due to the negative impact
Published 09 Jul, 2016 12:00am
Brazil's soaring inflation dips to 8.84 percent

Brazil's soaring inflation dips to 8.84 percent

Inflation in Brazil fell in June by 0.35 percent to an annual rate of 8.84 percent, but remains almost double the government target, official figures showed on Friday. This was an improvement from May, when inflation hit 9.32 percent, temporarily reversin
Published 09 Jul, 2016 12:00am
Migrants boost EU population in 2015

Migrants boost EU population in 2015

The European Union population increased last year by around two million to 510.1 million, largely due to the influx of refugees and migrants into the 28-nation bloc, the EU statistics agency said Friday. Also for the first time, the EU recorded more death
Published 09 Jul, 2016 12:00am
British exports slide

British exports slide

Britain reported Friday a slump in exports of goods in May but the bad news was offset by hopes that a slide in the pound since the Brexit referendum will power trade in the months ahead. News of the weaker export performance came as Britain contemplated
Published 09 Jul, 2016 12:00am
Russian airline acquires Cyprus Airways logo

Russian airline acquires Cyprus Airways logo

A subsidiary of Russian airline S7 has acquired the rights to use the logo of defunct carrier Cyprus Airways for 10 years at a cost of 2.04 million euros, under a deal signed Friday. The $2.25-million agreement signed in Nicosia allows new subsidiary Char
Published 09 Jul, 2016 12:00am
Canada loses jobs but unemployment rate falls to 6.8 percent

Canada loses jobs but unemployment rate falls to 6.8 percent

Canada's jobs growth unexpectedly stalled in June even as the unemployment rate fell a notch to 6.8 percent, the government reported Friday. Statistics Canada said the economy shed 700 jobs last month, surprising analysts who had forecast 9,000 net new jo
Published 09 Jul, 2016 12:00am
Spain confident of avoiding EU fines over budget rules

Spain confident of avoiding EU fines over budget rules

Spain voiced confidence in its economic policies on Friday, a day after the European Commission declared it and its neighbour Portugal to be in violation of public spending rules. The European Union's executive on Thursday accused the two eurozone members
Published 09 Jul, 2016 12:00am
Billion euro investment for Cameroon hydroelectric plant

Billion euro investment for Cameroon hydroelectric plant

French energy giant EDF and the World Bank are to join the government of Cameroon in funding a billion euro ($1.2 billion) hydroelectric plant, slated to cover up to one third of the west African country's electricity needs. Natchigal hydro power company
Published 09 Jul, 2016 12:00am
German trade surplus contracts as exports fall

German trade surplus contracts as exports fall

Germany's trade surplus shrank in May as exports declined unexpectedly, official data showed on Friday, pointing to possible clouds on the horizon for Europe's biggest economy. The trade surplus is a key gauge of an economy's comparative strength and in r
Published 09 Jul, 2016 12:00am
US economy posts largest job gains in eight months in June

US economy posts largest job gains in eight months in June

US job growth surged in June as manufacturers and other employers boosted hiring, confirming the economy has regained speed after a first-quarter lull, but tepid wages suggested the Federal Reserve will probably not raise interest rates soon. Nonfarm payr
Published 09 Jul, 2016 12:00am
Sri Lankan shares post two-week high

Sri Lankan shares post two-week high

Sri Lankan shares rose for a third straight session on Friday and posted their highest close in two weeks, as foreign investors continued to buy into banking and diversified stocks after recent losses. Overseas investors, who have offloaded shares worth a
Published 09 Jul, 2016 12:00am
Tokyo stocks slip, Nintendo soars on Pokemon success
Currency

Tokyo stocks slip, Nintendo soars on Pokemon success

Nintendo soared Friday as its new smartphone game debuted at the top of gaming charts, but the gains were not enough to prevent Tokyo stocks slipping for a fourth straight session ahead of US jobs data. The videogame giant rocketed nearly nine percent to
Published 09 Jul, 2016 12:00am
Energy weighs on Wall Street but Costco shines

Energy weighs on Wall Street but Costco shines

The S&P 500 and Dow industrials slipped on Thursday, weighed by energy shares, but gains in Costco and tech shares lifted the Nasdaq Composite. The energy sector of the S&P was dragged lower by Exxon and Chevron as oil futures prices fell nearly 5 percent
Published 09 Jul, 2016 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong stocks fell on Friday, tracking losses in Shanghai shares, on fears of further weakness in the yuan and worries that Britain's decision to leave the European Union could destabilise one of China's biggest export markets. The yuan has skidded to
Published 09 Jul, 2016 12:00am
Yield curve flattens slightly

Yield curve flattens slightly

US 30-year Treasury yields dipped slightly while other maturities were little changed on Thursday on nervousness ahead of Friday's US non-farm payrolls report for June and its potential short-term impact on Federal Reserve rate hike expectations. US 30-ye
Published 09 Jul, 2016 12:00am
Yield curve flattens slightly

Yield curve flattens slightly

US 30-year Treasury yields dipped slightly while other maturities were little changed on Thursday on nervousness ahead of Friday's US non-farm payrolls report for June and its potential short-term impact on Federal Reserve rate hike expectations. US 30-ye
Published 09 Jul, 2016 12:00am
China stocks fall

China stocks fall

China stocks fell on Friday as lingering anxiety over the Brexit vote and weakness in the yuan added to worries over a fragile domestic economic recovery. The mainland's bluechip CSI300 index fell 0.6 percent to 3,192.28 points, and the Shanghai Composite
Published 09 Jul, 2016 12:00am
Indian shares down

Indian shares down

Indian shares were headed for a weekly fall on Friday as investors braced themselves for the start of the quarterly earnings season, with global equity markets cautiously lower ahead of US jobs data. With the European economy threatened by Britain's decis
Published 09 Jul, 2016 12:00am
Milan outperforms as European stocks end week on positive note

Milan outperforms as European stocks end week on positive note

European shares rose on Friday, ending a week of losses on a positive note with Milan outperforming thanks to a rally in its battered baking stocks. Equities got a boost late in the session from a stronger-than-expected jobs report in the United States. T
Published 09 Jul, 2016 12:00am
Australian shares flat

Australian shares flat

Shares in Australia ended flat on Friday as investors awaited the protracted outcome to last week's national election. The S&P/ASX 200 index gained 2.6 points, or 0.05 percent, to close at 5,230.5. New Zealand's benchmark S&P/NZX 50 index saw a streak of
Published 09 Jul, 2016 12:00am
Most Southeast Asian stocks largely down

Most Southeast Asian stocks largely down

Most Southeast Asian stock markets fell on Friday in line with Asian shares ahead of the key US jobs data later in the day, while the Philippines rose slightly on bargain-hunting. The employment report is expected to show solid job creation in June, but w
Published 09 Jul, 2016 12:00am
FTSE 100 rises, hovers near one-year high

FTSE 100 rises, hovers near one-year high

Britain's top share index rose to its highest level in nearly a year on Friday and posted its third straight weekly gain as investors continue to pile into shares of large dividend-paying UK bluechip exporters. The bluechip FTSE 100 equity index ended the
Published 09 Jul, 2016 12:00am
Brexit flows help Thomson Reuters FX volumes hit 15-month high
Currency

Brexit flows help Thomson Reuters FX volumes hit 15-month high

Average daily trading volumes on currency trading platforms run by Thomson Reuters jumped 14 percent in June to their highest since March 2015, the company said on Friday, helped by a surge in flows following Britain's shock vote to leave the European Uni
Published 09 Jul, 2016 12:00am
Serbia's central bank buys euros
Currency

Serbia's central bank buys euros

The Serbian central bank purchased euros on the local interbank market on Friday to rein in dinar gains, a day after it cut the benchmark rate by 25 basis points to 4 percent, dealers said. The central bank, started intervening with the currency trading a
Published 09 Jul, 2016 12:00am
China's yuan eases

China's yuan eases

The yuan slipped against the dollar on Friday, even after China reported a surprise increase in June foreign exchange reserves, while traders said a weakening yuan could trigger more capital outflows in coming months. The yuan is set to weaken around 0.5
Published 09 Jul, 2016 12:00am
Dollar down in Asia
Currency

Dollar down in Asia

The dollar edged down against most major currencies in Asian trade on Friday but remained on track for a weekly gain, as investors awaited US jobs data later in the session to see if the labour market is stronger than previous surveys indicated. Investors
Published 09 Jul, 2016 12:00am
Dollar slips against most major currencies in Europe
Currency

Dollar slips against most major currencies in Europe

The dollar edged down against most major currencies on Friday as investors awaited non-farm payrolls data for signs of whether the US economic upturn can weather a new range of headwinds. The dollar has gained steadily against a basket of currencies since
Published 09 Jul, 2016 12:00am
Early trade in New York: dollar flat to slightly lower
Currency

Early trade in New York: dollar flat to slightly lower

The dollar slipped against the yen on Friday in choppy trading on the view that the much stronger-than-expected US non-farm payrolls report will not persuade the Federal Reserve just yet to raise interest rates again this year. The US currency did rise im
Published 09 Jul, 2016 12:00am
Yen rallies, sterling surrenders gains in New York
Currency

Yen rallies, sterling surrenders gains in New York

The yen posted strong gains for a third straight session on Thursday, while sterling fell yet again, retreating from early gains as risk appetite crumbled in afternoon trading with the decline in major US stock indexes and commodity prices. The British po
Published 09 Jul, 2016 12:00am
Sri Lankan rupee ends higher
Currency

Sri Lankan rupee ends higher

The Sri Lankan rupee ended firmer in one-week forwards on Friday, as foreign banks sold dollars on behalf of offshore investors to buy local bonds, dealers said. The spot rupee is tightly managed by the central bank and market participants use the forward
Published 09 Jul, 2016 12:00am
Most emerging Asian currencies down
Currency

Most emerging Asian currencies down

Most emerging Asian currencies slid on Friday ahead of a key US jobs report, with regional units set to see weekly losses on anxiety over the fallout from the Brexit vote. China's yuan edged down as a surprise rise in June foreign exchange reserves sugges
Published 09 Jul, 2016 12:00am
Latam currencies seen resisting global volatility
Currency

Latam currencies seen resisting global volatility

Latin American currencies will likely hold their ground in the face of global volatility, but remain exposed to domestic fiscal problems as well as uncertainty over the outcome of the US election later this year, a Reuters poll showed on Tuesday. The medi
Published 09 Jul, 2016 12:00am
Kiwi shines, Aussie slumbers
Currency

Kiwi shines, Aussie slumbers

The New Zealand dollar rose to its highest in two weeks on Friday after the country's central bank warned about a resurgent housing boom, prompting the market to dial down expectations for a cut in interest rates next month. New Zealand government bond yi
Published 09 Jul, 2016 12:00am
Sterling steadies after worst run since 1992
Currency

Sterling steadies after worst run since 1992

Sterling steadied on Friday less than two US cents away from a 31-year low, having put in its worst three-weekly performance since the currency's 1992 crisis, following Britain's shock vote to leave the European Union. The pound was buffetted along with o
Published 09 Jul, 2016 12:00am
Sri Lanka blame fitness for England loss

Sri Lanka blame fitness for England loss

Sri Lanka skipper Angelo Mathews Thursday blamed fitness issues for the team's disastrous England tour, but said he hoped to use the advantage of home conditions against a tough Australian side. Mathews returned home after losing the Test series 2-0, the
Published 09 Jul, 2016 12:00am
Williams sisters into sixth Wimbledon doubles final

Williams sisters into sixth Wimbledon doubles final

Serena and Venus Williams reached their sixth Wimbledon doubles final on Friday with a 7-6 (7/3), 6-4 victory over eighth seeds Julia Goerges and Karolina Pliskova. The Williams sisters have won the All England Club doubles crown five times and will face
Published 09 Jul, 2016 12:00am
Serena targets Grand Slam history again

Serena targets Grand Slam history again

Serena Williams has history in her sights as the defending champion plots to avenge one of the most painful defeats of her career by beating Angelique Kerber in Saturday's Wimbledon final. Williams suffered a stunning loss against Kerber in the Australian
Published 09 Jul, 2016 12:00am
Raonic stuns Federer in five sets to make Wimbledon final

Raonic stuns Federer in five sets to make Wimbledon final

Milos Raonic became the first Canadian man to reach a Grand Slam final at Wimbledon on Friday when he stunned punch drunk seven-time champion Roger Federer in a titanic five-set struggle. Sixth seed Raonic triumphed 6-3, 6-7 (3/7), 4-6, 7-5, 6-3 and goes
Published 09 Jul, 2016 12:00am
Legendary car owner Haas dies

Legendary car owner Haas dies

Carl Haas, who partnered with actor Paul Newman to back auto racing icon Mario Andretti, has died in his suburban Chicago home, his automotive business announced Thursday. He was 86. Haas drivers won 16 championships and 140 races in a multitude or series
Published 09 Jul, 2016 12:00am
Cech ends international career

Cech ends international career

Veteran goalkeeper Petr Cech has announced his retirement from international football after a record 124 games for the Czech Republic over an eventful 14-year career. "I would hate to end up in a situation when I would start feeling tired midway through a
Published 09 Jul, 2016 12:00am
Messi to appeal tax fraud sentence

Messi to appeal tax fraud sentence

Barcelona star Lionel Messi will appeal and vowed to clear his name after a court in Spain on Wednesday sentenced him and his father to 21 months in jail for tax fraud, the player's lawyers said. The prison sentences are likely to be suspended as is commo
Published 09 Jul, 2016 12:00am
Anderson out of first Pakistan Test

Anderson out of first Pakistan Test

England's all-time leading wicket-taker James Anderson was ruled out of a 12-man squad announced Thursday for next week's first Test against Pakistan at Lord's. Anderson, 33, has not recovered from a right shoulder injury sustained in the third Test again
Published 09 Jul, 2016 12:00am
Spanish judge drops Neymar case

Spanish judge drops Neymar case

A Spanish judge on Friday dropped a fraud and corruption case against Brazilian superstar Neymar and his father in relation to the player's 2013 transfer to Barcelona. The case had been brought by the Brazilian investment fund DIS, former owners of the ri
Published 09 Jul, 2016 12:00am
Euro fever grips France, Portugal as final looms

Euro fever grips France, Portugal as final looms

Patriotic fervour gripped Euro 2016 hosts France and Portugal on Friday with Antoine Griezmann and Cristiano Ronaldo cast as the rival superheros ahead of the tournament final. France saw a return to the feverish days of 1998 when Zinedine Zidane guided t
Published 09 Jul, 2016 12:00am
Modi meets Zuma on Africa tour

Modi meets Zuma on Africa tour

Indian Prime Minister Narendra Modi took his Africa tour to South Africa on Friday, seeking to boost trade between two countries that he said "shared values, suffering and struggles". Modi, who arrived from Mozambique, was on the second leg of a five-day
Published 09 Jul, 2016 12:00am
Three dead in Indonesian military chopper crash

Three dead in Indonesian military chopper crash

An Indonesian military helicopter crashed into a home in Central Java Friday, an official said, killing three people in the latest air accident for the country's armed forces. The helicopter crashed into a suburban area just north of Yogyakarta, a major c
Published 09 Jul, 2016 12:00am
US Capitol building briefly on lockdown, all-clear given

US Capitol building briefly on lockdown, all-clear given

Police briefly placed the US Capitol building and visitors center on lockdown on Friday after a person brought a suspicious object to the premises but the order was swiftly lifted. Shortly before 9 am, an unidentified employee passing into the Capitol fro
Published 09 Jul, 2016 12:00am
Longest maths proof would take 10 billion years to read

Longest maths proof would take 10 billion years to read

An Anglo-American trio presented the prize-winning solution to a 35-year old maths problem Friday, but verifying it may be a problem in itself: reading it would take 10 billion years. "Boolean Pythagorean Triples" is not a shameful contagious disease, but
Published 09 Jul, 2016 12:00am
At least 12 Europe-bound Tunisia migrants drown off Libya

At least 12 Europe-bound Tunisia migrants drown off Libya

At least 12 Tunisian migrants died when their boat headed for Europe sank off the coast of Libya, hospital sources and local media said Friday. Media reports said the trawler carrying 28 migrants, mostly young adults from the impoverished Ben Guerdane reg
Published 09 Jul, 2016 12:00am
Former model wins £53 million in divorce from Saudi billionaire

Former model wins £53 million in divorce from Saudi billionaire

A British court on Thursday awarded a £53 million (62 million euro, $69 million) divorce settlement to a former model who had demanded £196 million from her Saudi billionaire husband - including £1 million a year just for clothes. Lawyers for US national
Published 09 Jul, 2016 12:00am
Chile former army chief held over 1973 massacre

Chile former army chief held over 1973 massacre

Police arrested an ex-head of the Chilean army Thursday to face charges over a 1973 massacre under the Augusto Pinochet dictatorship, the courts said. Juan Emilio Cheyre is accused of complicity in the killing of political dissidents in what became known
Published 09 Jul, 2016 12:00am
Over 15,000 evacuated in Taiwan as typhoon heads to China

Over 15,000 evacuated in Taiwan as typhoon heads to China

Super Typhoon Nepartak brough chaos to Taiwan on Friday, forcing more than 15,000 people to flee their homes as the strongest winds over a century lashed part of the island. The season's first major storm hit Taimali township in eastern Taitung county ear
Published 09 Jul, 2016 12:00am
Iraqi Prime Minister sacks security chiefs as new attack kills 40

Iraqi Prime Minister sacks security chiefs as new attack kills 40

The Iraqi premier sacked three Baghdad security chiefs following a devastating bombing in the capital, his office said on Friday, hours after another attack to the north left 40 dead. The Islamic State jihadist group said it carried out the latest attack
Published 09 Jul, 2016 12:00am
Cameron names top diplomat as new European Commissioner

Cameron names top diplomat as new European Commissioner

Prime Minister David Cameron has proposed Britain's ambassador to France as its new European Commissioner, Brussels said Friday, after the previous commissioner stepped down in the wake of the Brexit vote. Cameron has named Julian King to replace Jonathan
Published 09 Jul, 2016 12:00am
Hollande says Russia a partner, not a 'threat'

Hollande says Russia a partner, not a 'threat'

French President Francois Hollande said Friday Russia should not be considered a threat but rather a partner, as Nato leaders met to endorse a revamp to counter a more aggressive Moscow. "Nato has no role at all to be saying what Europe's relations with R
Published 09 Jul, 2016 12:00am
Four Nato battalions to go to eastern Europe to deter Russia

Four Nato battalions to go to eastern Europe to deter Russia

The United States announced Friday it will deploy 1,000 troops to Poland as part of broader Nato efforts to reassure former Communist eastern member states fearful of a more assertive Russia. Speaking at a Nato summit in Warsaw, President Barack Obama sai
Published 09 Jul, 2016 12:00am
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