AGL 38.83 Decreased By ▼ -0.06 (-0.15%)
AIRLINK 143.40 Decreased By ▼ -2.00 (-1.38%)
BOP 5.24 Increased By ▲ 0.04 (0.77%)
CNERGY 3.72 Decreased By ▼ -0.06 (-1.59%)
DCL 7.58 Decreased By ▼ -0.09 (-1.17%)
DFML 46.40 Increased By ▲ 1.22 (2.7%)
DGKC 80.88 Increased By ▲ 1.75 (2.21%)
FCCL 27.42 Decreased By ▼ -0.58 (-2.07%)
FFBL 55.00 Increased By ▲ 1.67 (3.13%)
FFL 8.56 Decreased By ▼ -0.09 (-1.04%)
HUBC 111.02 Decreased By ▼ -10.80 (-8.87%)
HUMNL 11.42 Increased By ▲ 0.46 (4.2%)
KEL 3.77 Increased By ▲ 0.02 (0.53%)
KOSM 8.33 Increased By ▲ 0.01 (0.12%)
MLCF 35.20 Increased By ▲ 0.44 (1.27%)
NBP 61.35 Increased By ▲ 2.10 (3.54%)
OGDC 171.90 Increased By ▲ 2.68 (1.58%)
PAEL 25.78 Increased By ▲ 0.18 (0.7%)
PIBTL 5.97 Decreased By ▼ -0.02 (-0.33%)
PPL 127.55 Increased By ▲ 0.05 (0.04%)
PRL 25.58 Increased By ▲ 0.70 (2.81%)
PTC 12.15 Increased By ▲ 0.21 (1.76%)
SEARL 57.00 Increased By ▲ 1.47 (2.65%)
TELE 7.10 Increased By ▲ 0.03 (0.42%)
TOMCL 34.80 Decreased By ▼ -0.35 (-1%)
TPLP 6.95 Decreased By ▼ -0.05 (-0.71%)
TREET 13.85 Decreased By ▼ -0.04 (-0.29%)
TRG 47.05 Increased By ▲ 1.23 (2.68%)
UNITY 26.05 Decreased By ▼ -0.14 (-0.53%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,094 Increased By 113.3 (1.26%)
BR30 27,318 Decreased By -101.9 (-0.37%)
KSE100 85,664 Increased By 753.7 (0.89%)
KSE30 27,441 Increased By 243.7 (0.9%)
Print - 2017-01-16
Robot arms replace factory hands
Currency

Robot arms replace factory hands

PARIS: Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. But the main beneficiaries of this shift back to the US aren't saying much by way of celebration - industrial robots don't tend to speak.
Published 16 Jan, 2017 12:00am
High relending charges on public sector energy projects
Currency

High relending charges on public sector energy projects

The Prime Minister has underscored the need for reducing energy/electricity prices. This was also a part of PML(N) manifesto. Although, his claim of reducing electricity cost by 26% is correct, the reduction has not come about due to government action or
Published 16 Jan, 2017 12:00am
Highest PKR overvaluation ever!
Currency

Highest PKR overvaluation ever!

Federal Finance Minister Ishaq Dar never tires of comparing the economy's performance during his tenure with the performance during the PPP-led coalition government and concluding that he has been the saviour; needless to add he conveniently either ignore
Published 16 Jan, 2017 12:00am
Where is the UN?

Where is the UN?

Following the entry into force of the cease-fire the United Nations Commission for India and Pakistan (UNCIP), set up by the Security Council, adopted yet another resolution on January 5, 1948. It reiterated that the question of the accession of the State
Published 16 Jan, 2017 12:00am
Denial of a fundamental right

Denial of a fundamental right

In a laudable anti-discriminatory verdict the Lahore High Court has directed the federal government to appoint two visually impaired persons - who had qualified the Central Superior Services (CSS) exams with distinction - in the group of their choice. One
Published 16 Jan, 2017 12:00am
Relief for NSS investors

Relief for NSS investors

It must be a pleasant surprise for the National Savings Schemes (NSS) investors that the State Bank has taken the right initiative and done a great justice to reduce the inconvenience faced by them at the counters of national saving centres almost every m
Published 16 Jan, 2017 12:00am
Republicans disappointed with questioning legitimacy of Trump's win

Republicans disappointed with questioning legitimacy of Trump's win

Vice President-elect Mike Pence said on Sunday that he was disappointed by a black civil rights activist and politician's questioning of Donald Trump's legitimacy as president of the United States and his decision to boycott Friday's inauguration.
Published 16 Jan, 2017 12:00am
Trump warned off unilateral Mideast moves at Paris Conference

Trump warned off unilateral Mideast moves at Paris Conference

France warned of "serious consequences" on Sunday if Donald Trump recognises Jerusalem as Israel's capital as representatives from 70 countries met in Paris to try to revive stalled Israeli-Palestinian peace efforts.
Published 16 Jan, 2017 12:00am
Sudan extends cease-fire by six months
Currency

Sudan extends cease-fire by six months

Sudan said on Sunday it would extend a unilateral cease-fire in fighting with rebels in the country's warring regions to six months, state news agency SUNA reported.
Published 16 Jan, 2017 12:00am
Britain and UAE launch joint military exercises

Britain and UAE launch joint military exercises

Britain and the United Arab Emirates launched a joint military exercise dubbed "Sea Dagger 2017", Emirati state news agency WAM reported on Sunday. The exercise, which WAM said was aimed at "training on the planning, implementation and management of joint
Published 16 Jan, 2017 12:00am
Facebook announces 'fake news' offensive in Germany

Facebook announces 'fake news' offensive in Germany

Social media giant Facebook announced Sunday that it will introduce new measures to combat fake news in Germany, as Europe's largest economy and most populous nation enters an election year. "It's important to us that the reports and news posted on Facebo
Published 16 Jan, 2017 12:00am
Brazil jail riot likely killed more than 30

Brazil jail riot likely killed more than 30

The latest prison riot in northern Brazil is thought to have killed more than 30 people, some of them beheaded, officials said Sunday, tripling an earlier estimated death toll.
Published 16 Jan, 2017 12:00am
Fierce Merkel critic resigns from conservative party

Fierce Merkel critic resigns from conservative party

A fierce internal critic of German Chancellor Angela Merkel announced on Sunday she would resign from the centre-right Christian Democratic Union (CDU) party, accusing Merkel of having harmed the country with her migration policy.
Published 16 Jan, 2017 12:00am
Iraqi special forces sweep Mosul University for remaining militants

Iraqi special forces sweep Mosul University for remaining militants

Iraqi special forces swept through the campus of Mosul University on Sunday to clear it of any remaining Islamic State militants after taking full control of the area, a spokesman said. A military statement said troops had also taken another area along th
Published 16 Jan, 2017 12:00am
Iran parliament stresses foreign investment in five-year economic plan

Iran parliament stresses foreign investment in five-year economic plan

Iran's parliament passed a five-year economic development plan on Sunday that includes a sharp rise in foreign investment, though Tehran may not achieve that while U.S. president-elect Donald Trump is in office. The plan lets the government arrange up to
Published 16 Jan, 2017 12:00am
Five Afghans among 58 held in operation

Five Afghans among 58 held in operation

Security forces have arrested 58 suspects, including five Afghan nationals in a combing operation in Peshawar on Sunday. The operation was conducted in Shaheen Town, Warsak Road, Pakka Ghulam, and Balazak areas. Huge cache of arms, ammunition and drugs we
Published 16 Jan, 2017 12:00am
Extension in tenure: CEO EDB seeks help from Minister

Extension in tenure: CEO EDB seeks help from Minister

Chief Executive Officer (CEO) Engineering Development Board (EDB), Tariq Ejaz Chaudhary has reportedly sought "help" from Minister for Industries and Production, Ghulam Murtaza Jatoi for extension in his tenure, well informed sources told Business Reco
Published 16 Jan, 2017 12:00am
Nisar remarks deleterious for Pakistan: PPP

Nisar remarks deleterious for Pakistan: PPP

The Pakistan People's Party deplored the distinction between sectarian and non-sectarian militant outfits by the interior minister as 'deeply flawed, grievously offensive and extremely dangerous for the state and society.'
Published 16 Jan, 2017 12:00am
Prices of kitchen items remain stable

Prices of kitchen items remain stable

Prices of important kitchen items, including pulses, vegetables, sugar, rice, chicken, remained changed in the retail market as no significant increase or decrease was witnessed during the preceding week as compared to the last week, according to a survey
Published 16 Jan, 2017 12:00am
Jam Madad Ali meets Zardari

Jam Madad Ali meets Zardari

Former opposition leader in Sindh Assembly Jam Madad Ali Sunday called on and President Pakistan Peoples Party (PPP) Asif Ali Zardari at Bilawal House. According to a statement issued by PPP media cell, Jam Madad Ali discussed the current political situat
Published 16 Jan, 2017 12:00am
Anti-polio drive suspended in Khyber Agency

Anti-polio drive suspended in Khyber Agency

The anti-polio campaign was postponed till next week, following the administering of drops to some children at few spots in tribal area of Khyber Agency on Sunday. Agency surgeon Dr Niaz while sharing details said that like other parts of the country, the
Published 16 Jan, 2017 12:00am
Imran asked to avoid baseless allegations

Imran asked to avoid baseless allegations

Minister of State for Information and Broadcasting Marriyum Aurangzeb has asked Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Kahn to present proofs in the Panama Papers case instead of levelling baseless allegations. In a statement on Sunday, she said th
Published 16 Jan, 2017 12:00am
Efforts being made to improve smooth gas supply: Khaqan

Efforts being made to improve smooth gas supply: Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that all out efforts are being made to improve smooth gas supply for domestic users. He said increasing production in the gas sector is a provincial subject after the 18th Amendmen
Published 16 Jan, 2017 12:00am
Fazl rejects military courts' tenure extension

Fazl rejects military courts' tenure extension

Maulana Fazlur Rehman chief of Jamiat Ulema-e-Islam-Fazl (JUI-F) has said on Sunday that there should be no extension in tenure of military courts. He has demanded the government to call an All Parties Conference (APC) over issue of extension of military
Published 16 Jan, 2017 12:00am
Taxpayer's bank account attachment orders withdrawn

Taxpayer's bank account attachment orders withdrawn

A taxpayer's bank account attachment orders have been withdrawn voluntarily by the Federal Board of Revenue (FBR) officials, following timely intervention by the Federal Tax Ombudsman (FTO), before start of the first hearing of the case of mal-administrat
Published 16 Jan, 2017 12:00am
Nation will soon get rid of 'Sharif Mafia', says Imran

Nation will soon get rid of 'Sharif Mafia', says Imran

The Pakistan Tehreek-e-Insaf (PTI) Chairman, Imran Khan, has said that the entire nation was fed with Prime Minister Nawaz Sharif, claiming that it would soon get rid of 'Sharif mafia' through Panama Papers case. Addressing PTI workers and supporters here
Published 16 Jan, 2017 12:00am
Migraine sufferers at higher surgery stroke risk

Migraine sufferers at higher surgery stroke risk

People who suffer migraines are at a higher risk of stroke after surgery, researchers said on Wednesday. This means that a history of migraines, which affect about one in five people, should be taken into account when weighing the pros and cons of undergo
Published 16 Jan, 2017 12:00am
Less salty diets would save millions of lives

Less salty diets would save millions of lives

Reducing salt intake world-wide by only ten percent could save millions of lives, a study reported on Wednesday. Government-led public service campaigns could massively cut mortality and disability caused by salt-triggered heart attacks and strokes for ju
Published 16 Jan, 2017 12:00am
Study shows the way stress may harm your heart

Study shows the way stress may harm your heart

Scientists said on Thursday they may have uncovered a biological explanation for the long suspected link between stress and heart disease. People with a highly active amygdala - a region of the brain involved in stress processing - also have a higher risk
Published 16 Jan, 2017 12:00am
Global warming is top threat to polar bears

Global warming is top threat to polar bears

US wildlife authorities released on Monday a broad plan to try to save Arctic polar bears from going extinct, as global warming melts away their icy habitat an increasing pace. With just 22,000 to 31,000 polar bears estimated to be left in the world, the
Published 16 Jan, 2017 12:00am
Ebola's long-term effects revealed

Ebola's long-term effects revealed

People who survive Ebola may still battle debilitating health problems a year after being declared infection-free, according to an ongoing trial in Guinea which highlighted the need for patient follow-up.
Published 16 Jan, 2017 12:00am
More bird flu outbreaks can be expected in Europe

More bird flu outbreaks can be expected in Europe

Further bird flu outbreaks caused by migrating birds are likely to hit Europe in the future after a second outbreak in as many years on the continent that was down to chance, said the head of the world animal health body.
Published 16 Jan, 2017 12:00am
'Draining huge African peatland a threat to climate'

'Draining huge African peatland a threat to climate'

A swampy forest in central Africa the size of England covers previously unknown carbon stocks equivalent to three years' worth of global CO2 emissions, scientists revealed on Wednesday.
Published 16 Jan, 2017 12:00am
Apple proved a phone can change the world in just 10 years

Apple proved a phone can change the world in just 10 years

Few people realised it at the time, but the world shifted fundamentally a decade ago when Steve Jobs pulled the first iPhone from Apple's bag of technological tricks. "Every once in a while, a revolutionary product comes along that changes everything," Jo
Published 16 Jan, 2017 12:00am
Robots show their 'personality' at big tech show

Robots show their 'personality' at big tech show

Professor Einstein rolls his eyes, sticks out his tongue, and can give a simple explanation of the theory of relativity. With his lifelike rubbery "skin" and bushy mustache, he can almost make you forget he's a robot.
Published 16 Jan, 2017 12:00am
Smartphone style hits London catwalk at JW Anderson show

Smartphone style hits London catwalk at JW Anderson show

An inescapable feature of modern life, the instantly recognisable motifs of mobile phone applications inspired British designer Jonathan Anderson's London Fashion Week show Sunday, with his brash embroidered creations lighting up the catwalk.
Published 16 Jan, 2017 12:00am
Bionic woman: Chinese robot turns on the charm

Bionic woman: Chinese robot turns on the charm

"Jia Jia" can hold a simple conversation and make specific facial expressions when asked, and her creator believes the eerily life-like robot heralds a future of cyborg labour in China. Billed as China's first human-like robot, Jia Jia was first trotted o
Published 16 Jan, 2017 12:00am
China turns to robots as workers age

China turns to robots as workers age

Flat, orange robots glide under stationary cars and ferry them to empty Chinese parking bays, using space more efficiently and, their creators say, reducing driver stress. It is one of a number of elegant - and expensive - mechanical solutions China is tu
Published 16 Jan, 2017 12:00am
Top US bank executives optimistic heading into 2017

Top US bank executives optimistic heading into 2017

Executives of big US banks expressed optimism on Friday about the outlook for 2017 in their first public comments about quarterly earnings since the US presidential election in November. J. P Morgan Chase & Co and Bank of America Corp , the two largest US
Published 16 Jan, 2017 12:00am
Qatar Airways seeks engine guarantees for revamped Airbus order

Qatar Airways seeks engine guarantees for revamped Airbus order

Qatar Airways is seeking strict guarantees as it talks to CFM International about supplying engines for a revamped order for Airbus narrow-body jets, which it expects to finalise "soon", its chief executive said on Thursday.
Published 16 Jan, 2017 12:00am
Indian auto sales see biggest drop in 16 years

Indian auto sales see biggest drop in 16 years

India's automobile sales saw their biggest monthly fall in 16 years in December after Prime Minister Narendra Modi's ban on high-value banknotes sparked a severe cash shortage that dented demand for big-ticket items such as cars.
Published 16 Jan, 2017 12:00am
Metro reports sluggish Christmas sales

Metro reports sluggish Christmas sales

German retailer Metro, which plans to split into two companies by mid-2017, reported that sales slipped 0.6 percent in the critical Christmas quarter due to weakness at its Real hypermarkets and sluggish performance in consumer electronics.
Published 16 Jan, 2017 12:00am
Toyota to invest $10 billion in US over five years

Toyota to invest $10 billion in US over five years

Toyota Motor Corp will invest $10 billion in the United States over the next five years, the same as in the previous five years, North America Chief Executive Jim Lentz said on Monday, to meet demand and upgrade plants to build more fuel-efficient models.
Published 16 Jan, 2017 12:00am
Japan's Aeon third quarter profit jumps

Japan's Aeon third quarter profit jumps

Aeon Co posted a 51 percent jump in its third-quarter operating profit as brisk business at supermarkets, drug stores and discount outlets helped the biggest retailer by sales in Japan offset losses at its general merchandise stores.
Published 16 Jan, 2017 12:00am
Japan's Aeon third quarter profit jumps

Japan's Aeon third quarter profit jumps

Aeon Co posted a 51 percent jump in its third-quarter operating profit as brisk business at supermarkets, drug stores and discount outlets helped the biggest retailer by sales in Japan offset losses at its general merchandise stores.
Published 16 Jan, 2017 12:00am
Infosys narrows annual revenue guidance range
Currency

Infosys narrows annual revenue guidance range

Infosys Ltd, India's second biggest software services company, narrowed its full-year revenue guidance range after posting a better-than-expected 7 percent rise in third-quarter profit that was helped by new client wins.
Published 16 Jan, 2017 12:00am
Morgan Stanley, UBS to raise stakes in China securities joint ventures

Morgan Stanley, UBS to raise stakes in China securities joint ventures

Morgan Stanley and UBS Group AG are set to raise their stakes in separate Chinese securities joint ventures to 49 percent, people with direct knowledge of the moves said, betting on strong deals momentum in the world's second-largest economy. China allowe
Published 16 Jan, 2017 12:00am
Kuwait MPs question minister over sports ban

Kuwait MPs question minister over sports ban

Three Kuwaiti opposition lawmakers filed Sunday a request to question the minister of youth and information, Sheikh Salman Humoud Al-Sabah, for allegedly failing to resolve a 14-month international sports ban.
Published 16 Jan, 2017 12:00am
Kerber lurks as Serena chases record Slam

Kerber lurks as Serena chases record Slam

Serena Williams has vowed to make life difficult for top seed Angelique Kerber and a host of dangerous players out to derail her at the Australian Open, warning she is in Melbourne to win.
Published 16 Jan, 2017 12:00am
Bayern sign Hoffenheim pair Rudy, Suele

Bayern sign Hoffenheim pair Rudy, Suele

Bayern Munich confirmed on Sunday they have signed Germany pair Niklas Suele and Sebastian Rudy from Bundesliga rivals Hoffenheim for the 2017/18 season. The German league resumes on Friday when leaders Bayern are at Freiburg, but the Bavarian giants have
Published 16 Jan, 2017 12:00am
Stokes helps fire England to 350-7 in first ODI

Stokes helps fire England to 350-7 in first ODI

Ben Stokes hit a fiery half-century to help England post their highest-ever one-day international total against India, 350 for 7, in their first match in Pune on Sunday.
Published 16 Jan, 2017 12:00am
First All-Karachi roller speed skating competition

First All-Karachi roller speed skating competition

The first All Karachi Roller Speed Skating Competition for boys and girls between 04 and 15 years of age was held at Zamzama Park in different categories with great fanfare.
Published 16 Jan, 2017 12:00am
Australia's Marsh out of Pakistan ODIs with shoulder injury

Australia's Marsh out of Pakistan ODIs with shoulder injury

Australia's fast bowling all-rounder Mitchell Marsh has been ruled out of the remainder of the one-day international series against Pakistan with a shoulder injury, the country's cricket board said on Sunday.
Published 16 Jan, 2017 12:00am
Office bearers of swimming federation elected

Office bearers of swimming federation elected

Major Majid Waseem (retd) and Veena Salman Masud were re-elected as President and Secretary of the Pakistan swimming federation at the general council meeting of the body here on Sunday. The meeting elected office bearers for a fresh term of four years, s
Published 16 Jan, 2017 12:00am
Pakistan record first ODI victory in Australia in 12 years

Pakistan record first ODI victory in Australia in 12 years

Pakistan beat Australia by six wickets in the second one-day international at the Melbourne Cricket Ground on Sunday, their first ODI win on Australian soil for 12 years. The win was also Pakistan's first ODI victory at the MCG since 1985 and levels the 5
Published 16 Jan, 2017 12:00am
German construction boom continues, building permits up 20 percent

German construction boom continues, building permits up 20 percent

New residential building permits issued in Germany increased by more than 20 percent on the year in 2016, Housing Minister Barbara Hendricks said on Sunday, suggesting a building boom will continue to support economic growth this year.
Published 16 Jan, 2017 12:00am
China, Europe drive shift to electric cars as US lags

China, Europe drive shift to electric cars as US lags

Electric cars will pick up critical momentum in 2017, many in the auto industry believe - just not in North America. Tighter emissions rules in China and Europe leave global carmakers and some consumers with little choice but to embrace plug-in vehicles,
Published 16 Jan, 2017 12:00am
Davos elites struggle for answers as Trump era dawns

Davos elites struggle for answers as Trump era dawns

The global economy is in better shape than it's been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased.
Published 16 Jan, 2017 12:00am
China's big cities target slower growth in 2017

China's big cities target slower growth in 2017

Economic growth in some of China's largest cities is expected to have slowed in 2016 and will continue to decelerate in 2017, according to official estimates issued on Sunday.
Published 16 Jan, 2017 12:00am
'Bangladesh economy to grow 7.5 percent till June'

'Bangladesh economy to grow 7.5 percent till June'

Bangladesh's economy will grow 7.50 percent in the 2016/17 financial year that ends in June, the planning minister Mustafa Kamal said on Sunday, rejecting the World's Bank projection of 6.8 percent.
Published 16 Jan, 2017 12:00am
China property shareholders reject Party committee proposal

China property shareholders reject Party committee proposal

Shareholders at a Chinese state-owned real estate company have rejected a proposal to establish a Communist party committee at the firm, in a rare move to thwart efforts to increase the party's influence at state firms.
Published 16 Jan, 2017 12:00am
Trump forces automakers to make products in the country

Trump forces automakers to make products in the country

U.S. President-elect Donald Trump said on Sunday that American automakers should starting assembling motor vehicles in the United States if they wanted to do business in country. "Car companies and others, if they want to do business in our country, have
Published 16 Jan, 2017 12:00am
May to urge national unity amid reports of 'hard Brexit'

May to urge national unity amid reports of 'hard Brexit'

Prime Minister Theresa May will call on Britons to reject the acrimony of the Brexit referendum in a speech this week that some newspapers have billed as setting the stage for a "hard" exit from the European Union.
Published 16 Jan, 2017 12:00am
Vietnam to launch derivatives market in early 2017

Vietnam to launch derivatives market in early 2017

Vietnam plans to open a derivatives market in the first quarter of next year in a bid to draw more investment to its capital markets, with futures contracts set to launch first, the Hanoi Stock Exchange said on Thursday.
Published 16 Jan, 2017 12:00am
Aabar set to invest in UniCredit's share sale

Aabar set to invest in UniCredit's share sale

Abu Dhabi investor Aabar Investments is set to buy more shares in UniCredit in the Italian bank's upcoming 13 billion-euro ($14 billion) share offer, Italy's biggest ever cash call, three sources said on Wednesday. UniCredit, the country's largest bank by
Published 16 Jan, 2017 12:00am
Saudi stalls, Kuwait outperforms, Dubai slips
Currency

Saudi stalls, Kuwait outperforms, Dubai slips

Stock markets in the Gulf diverged on Sunday with Saudi Arabia stalling near a six-week low and Dubai retreating on profit-taking, while Kuwait continued to outperform. Saudi Arabia's index added 0.1 percent. Nine of the top 10 performers were from the in
Published 16 Jan, 2017 12:00am
Taiwan bourse aims to get an ETF on Tokyo Stock Exchange in 2017

Taiwan bourse aims to get an ETF on Tokyo Stock Exchange in 2017

The Taiwan Stock Exchange is aiming to get an exchange-traded fund (ETF) listed on the Tokyo Stock Exchange in 2017, tapping investment opportunities in Japan. Japanese investors are becoming more aware of Taiwanese equities after Taiwan's Foxconn became
Published 16 Jan, 2017 12:00am
LatAm currencies enter uncharted waters in 2017 under Trump

LatAm currencies enter uncharted waters in 2017 under Trump

Latin American currencies are set for another choppy year in 2017, a Reuters poll showed on Friday, with strategists still scrambling to gauge the impact of Donald Trump's presidency in the United States.
Published 16 Jan, 2017 12:00am
Portugal to raise funds in toughest bond sale in years

Portugal to raise funds in toughest bond sale in years

Portugal is seeking to raise funds through a syndicated sale of bonds just as a persistent banking crisis, reduced support from the European Central Bank and a sluggish economy have pushed its borrowing costs to one-year highs.
Published 16 Jan, 2017 12:00am
Portugal to raise funds in toughest bond sale in years

Portugal to raise funds in toughest bond sale in years

Portugal is seeking to raise funds through a syndicated sale of bonds just as a persistent banking crisis, reduced support from the European Central Bank and a sluggish economy have pushed its borrowing costs to one-year highs.
Published 16 Jan, 2017 12:00am
South Korea prices $1 billion global bond at 55 basis points

South Korea prices $1 billion global bond at 55 basis points

South Korea toasted the new year with Asia's first sovereign bond, pricing the $1 billion, 10-year issue well below the initially indicated yield as global investors rushed to buy. The bonds, priced to yield 55 basis points above US Treasuries, quoted as
Published 16 Jan, 2017 12:00am
South Korea prices $1 billion global bond at 55 basis points

South Korea prices $1 billion global bond at 55 basis points

South Korea toasted the new year with Asia's first sovereign bond, pricing the $1 billion, 10-year issue well below the initially indicated yield as global investors rushed to buy. The bonds, priced to yield 55 basis points above US Treasuries, quoted as
Published 16 Jan, 2017 12:00am
Sinopec invites banks to advise on unit's revamp ahead of planned IPO

Sinopec invites banks to advise on unit's revamp ahead of planned IPO

China Petroleum and Chemicals Corp (Sinopec) has invited 14 banks to pitch for a role as a financial adviser to help it revamp the corporate structure of its fuels distribution unit ahead of a planned IPO in Hong Kong, people familiar with the plans told
Published 16 Jan, 2017 12:00am
Sinopec invites banks to advise on unit's revamp ahead of planned IPO

Sinopec invites banks to advise on unit's revamp ahead of planned IPO

China Petroleum and Chemicals Corp (Sinopec) has invited 14 banks to pitch for a role as a financial adviser to help it revamp the corporate structure of its fuels distribution unit ahead of a planned IPO in Hong Kong, people familiar with the plans told
Published 16 Jan, 2017 12:00am
Iran says it will not renegotiate nuclear deal

Iran says it will not renegotiate nuclear deal

Iran will not renegotiate its nuclear agreement with world powers, even if it faces new U.S. sanctions after Donald Trump becomes president, Deputy Foreign Minister Abbas Araqchi said on Sunday.
Published 16 Jan, 2017 12:00am
China appoints new Tibet governor

China appoints new Tibet governor

China has appointed a new governor of Tibet, one of the country's most politically sensitive regions, state news agency Xinhua reported on Sunday. A thirty-five-year veteran of the Communist Party, Qi Zhala, 58, has also served as the region's Communist P
Published 16 Jan, 2017 12:00am
Indonesia and Japan discuss maritime security, railway project

Indonesia and Japan discuss maritime security, railway project

Indonesia and Japan have agreed to step up maritime security and start discussions on a major railway project to link the Southeast Asian nation's capital and second-biggest city, the leaders of both countries said on Sunday.
Published 16 Jan, 2017 12:00am
Death toll rises to 24 after India Ganges boat capsize

Death toll rises to 24 after India Ganges boat capsize

Five more bodies have been recovered from the Ganges river after an overloaded boat capsized near the capital of eastern India's Bihar state, taking the death toll to 24, officials said on Sunday as rescuers ended search operations.
Published 16 Jan, 2017 12:00am
CIA urges Trump to temper impulses amid Russia claim

CIA urges Trump to temper impulses amid Russia claim

Outgoing CIA Director John Brennan on Sunday issued a stern parting rebuke to Republican Donald Trump days before he assumes the US presidency, advising him not to absolve Russia for its recent actions and warning him to watch what he says.
Published 16 Jan, 2017 12:00am
Asylum requests in Austria more than halved in 2016

Asylum requests in Austria more than halved in 2016

The number of migrants applying for asylum in Austria more than halved in 2016 and did not breach a cap introduced early last year to limit new arrivals, the interior ministry said on Sunday. The Alpine country of 8.7 million was the last stop before Germ
Published 16 Jan, 2017 12:00am
Trump team denies report he will meet Putin at summit

Trump team denies report he will meet Putin at summit

Donald Trump's spokeswoman and the Kremlin denied Sunday a report that the US President-elect's first foreign trip after taking office would be a summit with Russian leader Vladimir Putin. The Sunday Times in London, citing unnamed British officials it sa
Published 16 Jan, 2017 12:00am
'Doing Business in Pakistan' conference in Glasgow on January 18

'Doing Business in Pakistan' conference in Glasgow on January 18

The Pakistan Britain Business Council (PBBC), in partnership with the Scottish Government, the Scottish Development International and the Consulate of Pakistan in Glasgow, will host "Doing Business in Pakistan" conference in Glasgow on January 18.
Published 16 Jan, 2017 12:00am
Punjab PA meets on January 23

Punjab PA meets on January 23

The Governor Punjab has summoned the Punjab Assembly on January 23, 2017. The gazette notification in this regard has been issued by the assembly secretariat. Speaker Rana Muhammad Iqbal will chair the 26th session of Punjab Assembly.
Published 16 Jan, 2017 12:00am