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Print - 2016-08-31
Gold turns up in New York

Gold turns up in New York

Gold rebounded from a near five-week low as the dollar dropped on Monday, shrugging off earlier pressure by top Federal Reserve officials' comments fuelling speculation that US interest rates would rise sooner rather than later. Speaking at a meeting of l
Published 31 Aug, 2016 12:00am
Gold seesaws in Asia

Gold seesaws in Asia

Gold seesawed within a narrow range on Tuesday on the back of a steady dollar, as investors waited for cues on the timing of US interest rate hike from nonfarm payroll data, due later this week.
Published 31 Aug, 2016 12:00am
Gold slips in Europe

Gold slips in Europe

Gold fell on Tuesday after Federal Reserve officials sounded a hawkish note on interest rates, boosting the dollar, while attention turned to US payrolls data this week for further clues on the pace of rate hikes.
Published 31 Aug, 2016 12:00am
Conservatives split over US land transfers to Western states

Conservatives split over US land transfers to Western states

Every time Dean Finnerty sees the locked neon-yellow gate and "No Trespassing" sign deep in Oregon's Elliott State Forest, he bristles at the growing movement to transfer federally owned land to US states. The 52-year-old conservationist and lifelong poli
Published 31 Aug, 2016 12:00am
China property firm blames takeover for tough conditions

China property firm blames takeover for tough conditions

China's biggest property firm Vanke on Monday blamed a takeover it is trying to fight off for worsening business conditions, even as it reported higher profits. Bosses of Vanke, China's largest residential developer by sales, have for months been trying t
Published 31 Aug, 2016 12:00am
Essar Oil's fuel exports to fall in 2018-19

Essar Oil's fuel exports to fall in 2018-19

Indian refiner Essar Oil's fuel exports will sharply drop in 2018/19 as it ramps up local sales by doubling its retail network and turns some of its naphtha into profitable gasoline, its managing director said. Rising fuel demand, driven by India's thirst
Published 31 Aug, 2016 12:00am
Signet Jewellers cuts profit forecast, shares lose shine

Signet Jewellers cuts profit forecast, shares lose shine

Signet Jewelers Ltd reported an unexpected drop in quarterly comparable sales as demand fell for its Sterling, Zale and Jared businesses, and the company cut its full-year profit forecast. Shares of the company, which posted its first fall in quarterly to
Published 31 Aug, 2016 12:00am
Signet Jewellers cuts profit forecast, shares lose shine

Signet Jewellers cuts profit forecast, shares lose shine

Signet Jewelers Ltd reported an unexpected drop in quarterly comparable sales as demand fell for its Sterling, Zale and Jared businesses, and the company cut its full-year profit forecast. Shares of the company, which posted its first fall in quarterly to
Published 31 Aug, 2016 12:00am
Carrefour sees improved French margin within two years
Currency

Carrefour sees improved French margin within two years

Retail giant Carrefour pledged to boost operating margins in its cut-throat domestic market, after posting higher profits from Brazil and southern Europe, and signalled it is open to investors in its loss-making China arm. The world's second-largest retai
Published 31 Aug, 2016 12:00am
Stormy outlook hits French wine output

Stormy outlook hits French wine output

Fierce storms which hit France in April will help to push wine production down almost 10 percent this year, the ministry of agriculture said Thursday. Unseasonably cool weather through the spring and into the summer will drag overall production down to 42
Published 31 Aug, 2016 12:00am
Ancient Greece's restored Tower of Winds keeps its secrets

Ancient Greece's restored Tower of Winds keeps its secrets

It is said to be the world's first weather station, to date back more than 2,000 years, and to have been used by merchants to tell the time - even in darkness. The Tower of the Winds, still standing on a slope on Athens's ancient Acropolis hill despite at
Published 31 Aug, 2016 12:00am
Bunge quarterly profit jumps; sees weaker South America margins

Bunge quarterly profit jumps; sees weaker South America margins

US grains trader Bunge Ltd reported a rise in quarterly profit on Thursday and maintained a forecast for higher full-year earnings, but warned of weakening margins in Brazil and Argentina due to smaller crops and lower prices.
Published 31 Aug, 2016 12:00am
Bunge quarterly profit jumps; sees weaker South America margins

Bunge quarterly profit jumps; sees weaker South America margins

US grains trader Bunge Ltd reported a rise in quarterly profit on Thursday and maintained a forecast for higher full-year earnings, but warned of weakening margins in Brazil and Argentina due to smaller crops and lower prices.
Published 31 Aug, 2016 12:00am
Polish dig turns up no sign of fabled 'Nazi gold train'

Polish dig turns up no sign of fabled 'Nazi gold train'

Two treasure hunters who have been digging for a Nazi gold train believed to be buried in south-west Poland said on Thursday they had given up after two weeks and zero results. "There's nothing," said Andrzej Gaik, spokesman for the Polish-German team, wh
Published 31 Aug, 2016 12:00am
Companies made deals that could run afoul of US whistleblower rules

Companies made deals that could run afoul of US whistleblower rules

Wells Fargo, Advanced Micro Devices and Fifth Third Bank have in recent years agreed to settlement deals that seek to muzzle former employees in ways that some lawyers said could violate US whistleblower protection laws. Five lawyers, including three who
Published 31 Aug, 2016 12:00am
Ikea threatens to cut investments in Russia

Ikea threatens to cut investments in Russia

Swedish flatpack giant IKEA on Tuesday warned it could reduce its investment in Russia after a court ordered it to pay more than $7.8 million in damages in a long-running legal dispute. IKEA said it had plans to invest more than 100 bllion rubles ($1.54 b
Published 31 Aug, 2016 12:00am
Cash hoarding reinforces China view further monetary easing futile

Cash hoarding reinforces China view further monetary easing futile

On the face of it, China's central bank has room to cut interest rates to try to lift the economy, but sources say evidence companies and banks are hoarding cash has reinforced policymakers' view there is no major benefit in easing policy further.
Published 31 Aug, 2016 12:00am
US bank group to launch Zelle instant payments brand in 2017

US bank group to launch Zelle instant payments brand in 2017

A consortium of banks holding the majority of US consumer accounts plans to launch its instant, person-to-person payments brand Zelle in the first half of 2017, a spokesman said on Thursday. The group has posted its logo - which includes a vertical line b
Published 31 Aug, 2016 12:00am
Tumble in Singapore factory output raises odds of October policy easing

Tumble in Singapore factory output raises odds of October policy easing

Singapore's factory output in July unexpectedly contracted from a year earlier, heightening concerns about the outlook for the city state's economy and keeping the pressure on policymakers to deliver more stimulus. Manufacturing output fell 3.6 percent fr
Published 31 Aug, 2016 12:00am
Nippon Steel says stronger yen could hit Japan steel demand recovery

Nippon Steel says stronger yen could hit Japan steel demand recovery

A soaring yen in the wake of Britain's decision to leave the European Union may stymie a possible recovery in Japanese demand for steel, said an official at the country's top maker of the material. Nippon Steel & Sumitomo Metal Corp Executive Vice Preside
Published 31 Aug, 2016 12:00am
In recovering housing market, the starter home remains elusive

In recovering housing market, the starter home remains elusive

Seeking a yard for her two dogs and proximity to her new government job, Alison Owen set out to buy a home this spring in the hot market of Austin, Texas. Owen's real estate agent warned the 28-year-old that she would face stiff competition in the market
Published 31 Aug, 2016 12:00am
Beyond war on drugs, Philippines' Duterte seen setting up economic boom

Beyond war on drugs, Philippines' Duterte seen setting up economic boom

Less than two months in office, Philippines President Rodrigo Duterte is getting high marks from the business community for policies that could engineer an economic surge and companies say they are making new investments as a result. While Duterte may be
Published 31 Aug, 2016 12:00am
Hong Kong's economy grows slightly in Q2, staves off recession

Hong Kong's economy grows slightly in Q2, staves off recession

Hong Kong's economy grew slightly in the second quarter even amid a slowdown in exports, tourism and a weak property market, staving off a possible mild recession. The city's fortunes are closely tied to China, the mainstay of its economy, and slowing Chi
Published 31 Aug, 2016 12:00am
Taiwan Q2 GDP returns to on-year growth but risks cloud rest of 2016

Taiwan Q2 GDP returns to on-year growth but risks cloud rest of 2016

Taiwan's trade-reliant economy returned to on-year growth in the second quarter for the first time in a year as the slide in exports slowed, but global economic headwinds will keep pressure on the central bank to cut rates in the second half.
Published 31 Aug, 2016 12:00am
Harvest starts with Italy confident of holding wine crown

Harvest starts with Italy confident of holding wine crown

Italy will retain its crown as the world's biggest wine producer this year, the country's main agricultural body predicted Friday as the first grapes of the 2016 vintage were harvested. Coldiretti, the farmers' and food producers' organisation, said varia
Published 31 Aug, 2016 12:00am
SABIC to grow its way out of earnings slump

SABIC to grow its way out of earnings slump

Saudi Basic Industries Corp (SABIC) aims to grow its way out of an extended earnings slump brought on by the impact of lower oil prices on the petrochemicals sector, its acting chief executive told Reuters, recently. However, cost-cutting through greater
Published 31 Aug, 2016 12:00am
SABIC to grow its way out of earnings slump

SABIC to grow its way out of earnings slump

Saudi Basic Industries Corp (SABIC) aims to grow its way out of an extended earnings slump brought on by the impact of lower oil prices on the petrochemicals sector, its acting chief executive told Reuters, recently. However, cost-cutting through greater
Published 31 Aug, 2016 12:00am
Toshiba swings to profit on sale of home appliances arm

Toshiba swings to profit on sale of home appliances arm

Toshiba said it swung to a profit in the April-June quarter, thanks to cost cuts and the sale of its home appliance business. The vast conglomerate, which is trying to turn the page on an embarrassing accounting scandal, said it booked a net profit of 79.
Published 31 Aug, 2016 12:00am
Toshiba swings to profit on sale of home appliances arm

Toshiba swings to profit on sale of home appliances arm

Toshiba said it swung to a profit in the April-June quarter, thanks to cost cuts and the sale of its home appliance business. The vast conglomerate, which is trying to turn the page on an embarrassing accounting scandal, said it booked a net profit of 79.
Published 31 Aug, 2016 12:00am
Reclaimed city off Singapore triggers ecology fears

Reclaimed city off Singapore triggers ecology fears

A planned multi-billion-dollar new city near Singapore is attracting interest from investors with promises of luxury living but there are questions over its future owing to China's economic woes and warnings of environmental catastrophe. Forest City, a $4
Published 31 Aug, 2016 12:00am
Singapore's GIC buys stake in Vietnam's bank

Singapore's GIC buys stake in Vietnam's bank

Singapore sovereign wealth fund GIC will buy a 7.7 percent stake in Vietnam's biggest bank, both companies said in a joint statement on Monday. GIC has signed a memorandum of agreement to buy 305.8 million new shares of Vietcombank, the fund's first direc
Published 31 Aug, 2016 12:00am
Singapore's GIC buys stake in Vietnam's bank

Singapore's GIC buys stake in Vietnam's bank

Singapore sovereign wealth fund GIC will buy a 7.7 percent stake in Vietnam's biggest bank, both companies said in a joint statement on Monday. GIC has signed a memorandum of agreement to buy 305.8 million new shares of Vietcombank, the fund's first direc
Published 31 Aug, 2016 12:00am
Scandinavian economic prospects weaker as Europe struggles

Scandinavian economic prospects weaker as Europe struggles

The outlook for economic growth in Sweden, Denmark and Norway has worsened since April, a Reuters poll found last week, as Europe's economies falter while Britain's looming exit from the European Union injected hard-to-quantify uncertainty. Economists low
Published 31 Aug, 2016 12:00am
Xerox profit beats estimates as cost cuts begin to pay off

Xerox profit beats estimates as cost cuts begin to pay off

Printer and copier maker Xerox Corp reported a higher-than-expected quarterly profit as restructuring efforts ahead of its planned split into two companies helped cut costs. The company, which is splitting to separate its printer business from its busines
Published 31 Aug, 2016 12:00am
Xerox profit beats estimates as cost cuts begin to pay off

Xerox profit beats estimates as cost cuts begin to pay off

Printer and copier maker Xerox Corp reported a higher-than-expected quarterly profit as restructuring efforts ahead of its planned split into two companies helped cut costs. The company, which is splitting to separate its printer business from its busines
Published 31 Aug, 2016 12:00am
US mutual funds boost own performance with unicorn mark-ups

US mutual funds boost own performance with unicorn mark-ups

Some US mutual funds are boosting their performance with relatively big bets on private companies such as Uber and Pinterest, which they have been marking up at a rate far greater than the broad stock market. Relied upon by millions of Americans to save f
Published 31 Aug, 2016 12:00am
US mutual funds boost own performance with unicorn mark-ups

US mutual funds boost own performance with unicorn mark-ups

Some US mutual funds are boosting their performance with relatively big bets on private companies such as Uber and Pinterest, which they have been marking up at a rate far greater than the broad stock market. Relied upon by millions of Americans to save f
Published 31 Aug, 2016 12:00am
White House still hopes to finish US-EU trade deal this year

White House still hopes to finish US-EU trade deal this year

The White House insisted Tuesday it still hopes to wrap up negotiations on a massive EU-US trade deal by year's end, after officials in France and Germany publicly called the pact into question. "Our position on this has not changed," said White House spo
Published 31 Aug, 2016 12:00am
France rules out imminent EU-US trade deal, wants talks halted

France rules out imminent EU-US trade deal, wants talks halted

France said Tuesday it wanted to halt thorny EU-US trade talks as President Francois Hollande said there would be no deal until after President Barack Obama leaves office in January. However the EU commissioner in charge of the negotiations said they have
Published 31 Aug, 2016 12:00am
Sri Lanka keeps rates steady

Sri Lanka keeps rates steady

Sri Lanka's central bank held its key policy interest rates steady on Tuesday, as expected, saying previous tightening measures are being gradually transmitted to the economy. The Central Bank of Sri Lanka, which rates by 50 basis points last month, this
Published 31 Aug, 2016 12:00am
All four big Chinese banks report rising bad loans

All four big Chinese banks report rising bad loans

All of China's "Big Four" state-owned banks reported mounting bad loans in the first half of the year, statements showed, as the world's second-largest economy faces souring debt amid slowing growth. The Industrial and Commercial Bank of China, the world'
Published 31 Aug, 2016 12:00am
Brexit rattles Eurozone business confidence

Brexit rattles Eurozone business confidence

Britain's vote to quit the European Union continued to undermine eurozone business and consumer confidence in August, analysts said after worse-than-expected official figures on Tuesday. The Economic Sentiment Indicator (ESI) for the 19-nation eurozone co
Published 31 Aug, 2016 12:00am
Slowing German inflation puts pressure on ECB

Slowing German inflation puts pressure on ECB

German annual inflation slowed unexpectedly in August, preliminary data showed on Tuesday, suggesting price pressures in Europe's largest economy remain weak despite the European Central Bank's ultra-loose monetary policy. The euro zone has struggled with
Published 31 Aug, 2016 12:00am
EU telecom regulators take strict view of net neutrality rules

EU telecom regulators take strict view of net neutrality rules

EU regulators on Tuesday adopted a strict interpretation of rules limiting how telecoms firms like Vodafone and Orange can prioritise some types of internet traffic, aiming to protect the principle that all web traffic be treated equally. The guidelines o
Published 31 Aug, 2016 12:00am
US job market optimism lifts consumer confidence to 11-month high

US job market optimism lifts consumer confidence to 11-month high

US consumer confidence rose to an 11-month high in August, with households more upbeat about the labour market, in a further sign that the economy was regaining steam after faltering in the first half of the year. While other data on Tuesday showed a mode
Published 31 Aug, 2016 12:00am
Gulf markets mostly up but turnover low; Egypt climbs

Gulf markets mostly up but turnover low; Egypt climbs

Most Gulf stock markets rose on Tuesday in response to firmer oil prices and global bourses but trading turnover in Saudi Arabia and Dubai was low, suggesting many investors did not expect an extended rally and were staying away. Saudi Arabia's index gain
Published 31 Aug, 2016 12:00am
Tokyo shares slip

Tokyo shares slip

Tokyo shares ended slightly lower on Tuesday as tepid data and profit-taking from the previous day's sharp jump offset a weaker yen and a rally on Wall Street. Federal Reserve boss Janet Yellen said on Friday the case for an interest rate hike in the worl
Published 31 Aug, 2016 12:00am
Wall Street gains as financials rally on Fed rate comments

Wall Street gains as financials rally on Fed rate comments

Wall Street snapped a three-day losing streak on Monday as financial stocks rose after Federal Reserve Chair Janet Yellen said the case for an interest rate hike had strengthened. Yellen, addressing a gathering of global central bankers on Friday, said th
Published 31 Aug, 2016 12:00am
Hong Kong shares bounce

Hong Kong shares bounce

Hong Kong shares bounced on Tuesday amid doubts the Federal Reserve would raise interest rates as soon as September. The Hang Seng index rose 0.9 percent, to 23,016.11, while the China Enterprises Index gained 1.1 percent, to 9,597.25 points. Fed Chair Ja
Published 31 Aug, 2016 12:00am
Foreign demand boosts Treasury prices

Foreign demand boosts Treasury prices

US Treasury prices rose on Monday as foreign investors swooped in and bought Treasuries following a market selloff Friday that took yields on benchmark 10-year notes to their highest since Britain's surprise vote to exit the European Union in late June. C
Published 31 Aug, 2016 12:00am
Foreign demand boosts Treasury prices

Foreign demand boosts Treasury prices

US Treasury prices rose on Monday as foreign investors swooped in and bought Treasuries following a market selloff Friday that took yields on benchmark 10-year notes to their highest since Britain's surprise vote to exit the European Union in late June. C
Published 31 Aug, 2016 12:00am
Southeast Asian markets tepid

Southeast Asian markets tepid

Most Southeast Asian stock markets closed lower on Tuesday as investors continued to digest hawkish comments from US Federal Reserve officials last week. Fed Chair Janet Yellen said on Friday the case for a rate hike was strengthening, but provided little
Published 31 Aug, 2016 12:00am
China stocks soar

China stocks soar

China stocks closed higher on Tuesday as banking shares rebounded, shaking off generally weak earnings reports and concerns about bad loans, although the selling in transport stocks left major indexes little changed. The rebound in banking shares occurred
Published 31 Aug, 2016 12:00am
India's NSE index hits 16-month high

India's NSE index hits 16-month high

India's broader NSE index closed up 1.6 percent on Tuesday after earlier hitting its highest in 16 months as positive earnings results including from DLF Ltd lifted sentiment. The NSE hit its highest since April 15, 2015 before ending 1.59 percent higher
Published 31 Aug, 2016 12:00am
Financials help European shares to hit two-week high

Financials help European shares to hit two-week high

European equities climbed to a two-week high on Tuesday, with financial stocks gaining ground on mounting expectations of a possible US rate hike this year. The European Banks index rose 1.8 percent, the top sectoral gainer, helped by a 2.7 to 3.8 percent
Published 31 Aug, 2016 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose on Tuesday boosted by a bounce in overseas markets but the gains were limited on profit-taking in key heavyweight tech stocks. Asian shares were higher on doubts the Federal Reserve really would hike rates as soon as September as invest
Published 31 Aug, 2016 12:00am
Australian shares marginally higher

Australian shares marginally higher

Australian shares recovered on Tuesday to close slightly higher after overnight strength on Wall Street and upbeat US consumer spending data lifted sentiment. The benchmark S&P/ASX 200 index finished up 9.083 points, or 0.17 percent, at 5478.3. Gains were
Published 31 Aug, 2016 12:00am
FTSE dragged down by miners and housebuilders
Currency

FTSE dragged down by miners and housebuilders

Britain's top share index fell on Tuesday, as a drop in major mining and housebuilding stocks weighed on the market. The bluechip FTSE 100 index closed down 0.3 percent at 6,820.79 points, underperforming rival continental European stock markets which all
Published 31 Aug, 2016 12:00am
Dollar up in Asia
Currency

Dollar up in Asia

The dollar edged up on Tuesday, but mostly took a breather as investors waited to see if US employment data later this week would reinforce US Federal Reserve officials' recent hawkish messages. The dollar index, which tracks the greenback against a baske
Published 31 Aug, 2016 12:00am
Dollar hovers near two-week high in Europe
Currency

Dollar hovers near two-week high in Europe

The dollar hovering near a two-week high against a basket of currencies on Tuesday with investors focused on the next set of US data to see whether it supports expectations that the Federal Reserve will raise interest rates soon. Despite hawkish comments
Published 31 Aug, 2016 12:00am
Early trade in New York: dollar rises to two-week high
Currency

Early trade in New York: dollar rises to two-week high

The dollar strengthened on Tuesday to a two-week high against a basket of currencies as investors looked ahead to crucial jobs data this week for clues on when the Federal Reserve will next raise interest rates. Hawkish comments on Friday by Fed Chair Jan
Published 31 Aug, 2016 12:00am
Dollar gives up gains in New York
Currency

Dollar gives up gains in New York

The US dollar was flat on Monday, erasing earlier gains, as investors looked ahead to jobs data this week that Federal Reserve Vice Chair Stanley Fischer has said will be important to whether the US central bank raises interest rates soon. Investors have
Published 31 Aug, 2016 12:00am
China's yuan bounces

China's yuan bounces

China's yuan rebounded from the prior session's six-week low on Tuesday as a dollar rally lost momentum on renewed doubts of a near term rate rise by the US Federal Reserve. In Shanghai, the People's Bank of China set the midpoint rate at 6.6812 per dolla
Published 31 Aug, 2016 12:00am
Sri Lankan rupee edges up
Currency

Sri Lankan rupee edges up

The Sri Lankan rupee ended slightly firmer on Tuesday ahead of a central bank policy meeting later in the day, as exporter dollar sales and inward remittances surpassed importer demand for the greenback, dealers said. The central bank is expected to keep
Published 31 Aug, 2016 12:00am
Asian currencies move higher

Asian currencies move higher

Most Asian currencies edged higher on Tuesday, but gains were limited as traders awaited US economic data for further clues on whether the Federal Reserve may raise interest rates soon. The South Korean won rose 0.6 percent against the dollar to lead gain
Published 31 Aug, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.40-78.40 (previous 78.40-78.40).
Published 31 Aug, 2016 12:00am
Sterling slips against dollar
Currency

Sterling slips against dollar

Sterling slipped against the dollar on Tuesday on divergent expectations for monetary policy, with investors increasingly betting US interest rates could rise by year-end while British rates may be cut again. With London markets closed on Monday for a pub
Published 31 Aug, 2016 12:00am
Aussie, kiwi pare losses

Aussie, kiwi pare losses

The Australian dollar bounced from near 1-month lows on Tuesday as traders grew sceptical there would be an increase in US rates as soon as September, though December remains a possibility. The Australian dollar held at $0.7569, up from a trough of $0.752
Published 31 Aug, 2016 12:00am
Rooney to end England career after 2018 World Cup

Rooney to end England career after 2018 World Cup

Wayne Rooney announced on Tuesday that the campaign for the 2018 World Cup in Russia will be his last as an England player. "Realistically I know myself that Russia will be my last opportunity to do anything with England," Rooney told a press conference a
Published 31 Aug, 2016 12:00am
Hull sign Mason in 'club-record' deal

Hull sign Mason in 'club-record' deal

Hull City announced the signing of English central midfielder Ryan Mason from Tottenham Hotspur on a three-year contract for a "club-record fee" on Tuesday. Hull did not specify how much they had paid for the 25-year-old, but they were reported to have sp
Published 31 Aug, 2016 12:00am
Injured Hafeez returns home

Injured Hafeez returns home

Opening batsman Mohammad Hafeez has returned home after suffering a calf injury amid dismal performance in the Test series against England. Hafeez will undergo rehabilitation process at the National Cricket Academy. The fast bowler, Mohammad Irfan has rep
Published 31 Aug, 2016 12:00am
KPK team for Women Volleyball Championship announced

KPK team for Women Volleyball Championship announced

Pakhtunkhwa Volleyball Association Tuesday named 10-member squad for the forthcoming National Women Volleyball Championship to be played at Sports Complex Karachi from September 1-5, 2016. This was stated by Secretary KP Volleyball Association Khalid Waqa
Published 31 Aug, 2016 12:00am
England plunder world record total of 444-3

England plunder world record total of 444-3

England piled up a world record one-day international total of 444 for three against Pakistan after Alex Hales and Jos Buttler ran riot at a sun-kissed Trent Bridge on Tuesday. Buttler struck the last ball of the innings for four to take Eoin Morgan's men
Published 31 Aug, 2016 12:00am
Steyn sets up South African series win

Steyn sets up South African series win

Fast bowler Dale Steyn set up a series-clinching 204-run win for South Africa on the fourth day of the second and final Test against New Zealand at SuperSport Park on Tuesday. Steyn took three wickets with his first 11 balls of the innings and finished wi
Published 31 Aug, 2016 12:00am
Marsh leaves Sri Lanka with broken finger

Marsh leaves Sri Lanka with broken finger

Top-order batsman Shaun Marsh is returning home from Australia's tour of Sri Lanka with a broken little finger. "Shaun suffered an injury to his left little finger whilst fielding," physiotherapist David Beakley said after Australia took a 2-1 lead in the
Published 31 Aug, 2016 12:00am
Trial for FATA athletic team begins

Trial for FATA athletic team begins

A trials to select FATA team for the forthcoming National Junior and National Youth Athletic Meet will be held here on Wednesday (today) at Qayyum Sports Complex. This was stated by President FATA Athletic Association Engr. Saif Ul Islam here on Tuesday.
Published 31 Aug, 2016 12:00am
Nishikori into second round

Nishikori into second round

Kei Nishikori, glad to be back on the New York hard courts where he became Asia's first men's Grand Slam finalist, reached the second round of the US Open Tuesday. The Japanese sixth seed, who fell to Marin Cilic in the 2014 final, quashed German Benjamin
Published 31 Aug, 2016 12:00am
Halep pounds Flipkens to reach second round

Halep pounds Flipkens to reach second round

Fifth seed Simona Halep blasted her way into the second round of the US Open on Tuesday by demolishing Kirsten Flipkens 6-0 6-2 underlining her credentials as a potential grand slam winner. Halep, a winner of three WTA Tour events this season, including a
Published 31 Aug, 2016 12:00am
Djokovic beats scare, Nadal eases at revamped US Open

Djokovic beats scare, Nadal eases at revamped US Open

Defending champion Novak Djokovic overcame an arm injury scare and long-time rival Rafael Nadal shone in 33-degree heat as the US Open showcased its $650 million upgrade on Monday. World number one Djokovic, also the 2011 winner in New York and chasing hi
Published 31 Aug, 2016 12:00am
Five dead in Shabaab suicide car bombing

Five dead in Shabaab suicide car bombing

At least five people were killed and 28 injured when jihadists exploded a suicide car bomb outside a popular hotel close to the presidential palace in Somalia's capital Mogadishu on Tuesday. "We have confirmed five people killed including security guards"
Published 31 Aug, 2016 12:00am
Russian hackers attack two US voter databases

Russian hackers attack two US voter databases

Russian-based hackers may have been responsible for two recent attempts to breach US voter registration databases in two states, raising fears Moscow is trying to undermine November's presidential election, US media said Monday. The incidents led the FBI
Published 31 Aug, 2016 12:00am
South African school told to halt 'racist' hair policy

South African school told to halt 'racist' hair policy

A South African school was ordered Tuesday to suspend allegedly racist hairstyle regulations after black pupils said they had been called monkeys by teachers for wearing banned 'afros'. Local education authorities in Gauteng province gave Pretoria High Sc
Published 31 Aug, 2016 12:00am
Strong typhoon Lionrock slams into Japan's northeast

Strong typhoon Lionrock slams into Japan's northeast

A strong typhoon slammed into north-eastern Japan on Tuesday, dumping heavy rain and generating high waves that caused flooding along the Pacific coast. Typhoon Lionrock made landfall near the city of Ofunato shortly before 6 pm (0900 GMT), the Japan Mete
Published 31 Aug, 2016 12:00am
Truck with Takata airbag parts explodes, kills US woman

Truck with Takata airbag parts explodes, kills US woman

A woman has been killed after a truck carrying airbag parts made by Japan's troubled Takata exploded in a massive fireball on a US highway, the firm confirmed Tuesday. Four others were injured when the vehicle, which was on its way to a company factory, e
Published 31 Aug, 2016 12:00am
Iran to cover infertility treatment costs

Iran to cover infertility treatment costs

Iran will help couples meet the cost of infertility treatment as the government tackles a growing crisis that has seen millions of couples failing to conceive, the government announced Tuesday. "As of today, all infertile Iranian couples, who number about
Published 31 Aug, 2016 12:00am
UN aid going to Assad-linked groups

UN aid going to Assad-linked groups

United Nations aid contracts worth tens of millions of dollars have gone to people closely associated with Syrian President Bashar al-Assad despite US and EU sanctions, the Guardian reported on Tuesday. The newspaper's analysis of hundreds of UN contracts
Published 31 Aug, 2016 12:00am
Millions at risk from rising water pollution: UN

Millions at risk from rising water pollution: UN

Increasingly polluted rivers in Africa, Asia and Latin America pose a disease risk to more than 300 million people and threaten fisheries and farming in many countries, a UN report warned Tuesday. Already, some 3.4 million people die every year from water
Published 31 Aug, 2016 12:00am
Vietnam says all will lose in any South China Sea war

Vietnam says all will lose in any South China Sea war

Vietnamese President Tran Dai Quang warned on Tuesday there would be no winners in any armed conflict sparked by territorial disputes in the South China Sea. Quang, who is on a state visit to Singapore, told a forum that recent developments there were thr
Published 31 Aug, 2016 12:00am
Google team holds informative session at IBA

Google team holds informative session at IBA

The Google team from Singapore visited the IBA Karachi and held an informative session called 'Google for Publishers' and discussed their monetization products, 'AdSense' and 'AdMob'. The session took place at the G & T Auditorium, IBA main campus here Tu
Published 31 Aug, 2016 12:00am
Industrialists urged to introduce energy management system

Industrialists urged to introduce energy management system

The trainers of Small and Medium Enterprises Development Authority Pakistan have called upon the industrialists to introduce energy management system in their respective industries and factories and share their pool in saving energy with the view to overc
Published 31 Aug, 2016 12:00am
Telecom import falls by 5.13 percent in July

Telecom import falls by 5.13 percent in July

The country's telecom import fell by 5.13 percent to $74.261 million in the first month of a new fiscal year 2016-17, official figures say. Telecom import declines by $4.016 million in July 2016-17 from $78.277 million in July 2015-16, Pakistan Bureau of
Published 31 Aug, 2016 12:00am
Zahid Hussain made WCC divisional chief

Zahid Hussain made WCC divisional chief

Renowned social and business personality of the city Mian Zahid Hussain has been nominated as Divisional Patron-in-Chief of World Columnist Club (WCC). According to the details, Chairman of WCC Hafiz Shafir-ur-Rehman summoned meeting of the core committee
Published 31 Aug, 2016 12:00am
ICI Pakistan: EPS up by 34 percent

ICI Pakistan: EPS up by 34 percent

The Board of Directors of ICI Pakistan Limited is pleased to announce the company's financial results for the year ended June 30, 2016. Unconsolidated profit after tax for the year at Rs 2,843 million or EPS of Rs 30.78 is 34 percent higher than the same
Published 31 Aug, 2016 12:00am
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