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Apr 08, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-04-24
New polls show Macron easily beating Le Pen in run-off

New polls show Macron easily beating Le Pen in run-off

New opinion polls published Sunday suggested France's pro-European candidate Emmanuel Macron would easily beat far-right leader Marine Le Pen in the second round of the presidential election on May 7.
Published 24 Apr, 2017 12:00am
New polls show Macron easily beating Le Pen in run-off

New polls show Macron easily beating Le Pen in run-off

New opinion polls published Sunday suggested France's pro-European candidate Emmanuel Macron would easily beat far-right leader Marine Le Pen in the second round of the presidential election on May 7.
Published 24 Apr, 2017 12:00am
THE RUPEE: marginal gains
Currency

THE RUPEE: marginal gains

The rupee managed to gain modestly against the dollar on the money market during the week, ended on April 22, 2017.
Published 24 Apr, 2017 12:00am
THE RUPEE: marginal gains
Currency

THE RUPEE: marginal gains

The rupee managed to gain modestly against the dollar on the money market during the week, ended on April 22, 2017.
Published 24 Apr, 2017 12:00am
Offshore companies, money trail: SECP may have only limited role

Offshore companies, money trail: SECP may have only limited role

One out of the six agencies in the Joint Investigation Team (JIT)-four civilian and two military to investigate Prime Minister Nawaz Sharif and his two sons, Hussain Nawaz and Hassan Nawaz, may have limited capacity, informed sources stated.
Published 24 Apr, 2017 12:00am
Offshore companies, money trail: SECP may have only limited role

Offshore companies, money trail: SECP may have only limited role

One out of the six agencies in the Joint Investigation Team (JIT)-four civilian and two military to investigate Prime Minister Nawaz Sharif and his two sons, Hussain Nawaz and Hassan Nawaz, may have limited capacity, informed sources stated.
Published 24 Apr, 2017 12:00am
Offshore companies, money trail: SECP may have only limited role

Offshore companies, money trail: SECP may have only limited role

One out of the six agencies in the Joint Investigation Team (JIT)-four civilian and two military to investigate Prime Minister Nawaz Sharif and his two sons, Hussain Nawaz and Hassan Nawaz, may have limited capacity, informed sources stated.
Published 24 Apr, 2017 12:00am
Offshore companies, money trail: SECP may have only limited role

Offshore companies, money trail: SECP may have only limited role

One out of the six agencies in the Joint Investigation Team (JIT)-four civilian and two military to investigate Prime Minister Nawaz Sharif and his two sons, Hussain Nawaz and Hassan Nawaz, may have limited capacity, informed sources stated.
Published 24 Apr, 2017 12:00am
Bullish trend witnessed

Bullish trend witnessed

Pakistan Stock Exchange (PSX) witnessed bullish trend after the announcement of much awaited Panama case during the outgoing week ended April 21, 2017. The benchmark KSE-100 index registered a massive increase of 2131.59 points on week-on-week basis and c
Published 24 Apr, 2017 12:00am
Bullish trend witnessed

Bullish trend witnessed

Pakistan Stock Exchange (PSX) witnessed bullish trend after the announcement of much awaited Panama case during the outgoing week ended April 21, 2017. The benchmark KSE-100 index registered a massive increase of 2131.59 points on week-on-week basis and c
Published 24 Apr, 2017 12:00am
Bullish trend witnessed

Bullish trend witnessed

Pakistan Stock Exchange (PSX) witnessed bullish trend after the announcement of much awaited Panama case during the outgoing week ended April 21, 2017. The benchmark KSE-100 index registered a massive increase of 2131.59 points on week-on-week basis and c
Published 24 Apr, 2017 12:00am
Futures spread up by 1282 basis points

Futures spread up by 1282 basis points

The futures spread increased 1282bps to negative 4.57 percent during the outgoing week ended April 21, 2017. Trading activities on the futures counter improved significantly as average daily volumes increased by 77.4 percent to 57.15 million shares. Avera
Published 24 Apr, 2017 12:00am
Futures spread up by 1282 basis points

Futures spread up by 1282 basis points

The futures spread increased 1282bps to negative 4.57 percent during the outgoing week ended April 21, 2017. Trading activities on the futures counter improved significantly as average daily volumes increased by 77.4 percent to 57.15 million shares. Avera
Published 24 Apr, 2017 12:00am
Futures spread up by 1282 basis points

Futures spread up by 1282 basis points

The futures spread increased 1282bps to negative 4.57 percent during the outgoing week ended April 21, 2017. Trading activities on the futures counter improved significantly as average daily volumes increased by 77.4 percent to 57.15 million shares. Avera
Published 24 Apr, 2017 12:00am
Sikh demand separation of Punjab from India

Sikh demand separation of Punjab from India

More than 50,000 Sikh men and women - many of them carrying Khalistan banners -paraded in rain-swept New York City on Saturday to reaffirm their demand for a sovereign Sikh state. Wearing orange coloured turbans, they raised vociferous slogans calling for
Published 24 Apr, 2017 12:00am
Sikh demand separation of Punjab from India

Sikh demand separation of Punjab from India

More than 50,000 Sikh men and women - many of them carrying Khalistan banners -paraded in rain-swept New York City on Saturday to reaffirm their demand for a sovereign Sikh state. Wearing orange coloured turbans, they raised vociferous slogans calling for
Published 24 Apr, 2017 12:00am
CCI to discuss loadshedding, other issues

CCI to discuss loadshedding, other issues

The government has convened a meeting of Council of Common Interests (CCI) on April 28, 2017 which is expected to be stormy on some issues like amendment in Nepra Act, alleged short supply of gas to Sindh and electricity load shedding etc, informed source
Published 24 Apr, 2017 12:00am
CCI to discuss loadshedding, other issues

CCI to discuss loadshedding, other issues

The government has convened a meeting of Council of Common Interests (CCI) on April 28, 2017 which is expected to be stormy on some issues like amendment in Nepra Act, alleged short supply of gas to Sindh and electricity load shedding etc, informed source
Published 24 Apr, 2017 12:00am
CCI to discuss loadshedding, other issues

CCI to discuss loadshedding, other issues

The government has convened a meeting of Council of Common Interests (CCI) on April 28, 2017 which is expected to be stormy on some issues like amendment in Nepra Act, alleged short supply of gas to Sindh and electricity load shedding etc, informed source
Published 24 Apr, 2017 12:00am
Power sector faces severe financial issues

Power sector faces severe financial issues

The country's power sector is reportedly facing severe financial issues due to commercial loans of Rs 335 billion raised by the Water and Power Ministry from banks in the name of Discos without prior consultation with them, well informed sources told B
Published 24 Apr, 2017 12:00am
Power sector faces severe financial issues

Power sector faces severe financial issues

The country's power sector is reportedly facing severe financial issues due to commercial loans of Rs 335 billion raised by the Water and Power Ministry from banks in the name of Discos without prior consultation with them, well informed sources told B
Published 24 Apr, 2017 12:00am
Power sector faces severe financial issues

Power sector faces severe financial issues

The country''s power sector is reportedly facing severe financial issues due to commercial loans of Rs 335 billion raised by the Water and Power Ministry from banks in the name of Discos without prior consultation with them, well informed sources told
Published 24 Apr, 2017 12:00am
Wapda chief visits Hub Dam

Wapda chief visits Hub Dam

Arrears in the head of operation and maintenance (O&M) of Hub Dam payable by Sindh and Balochistan governments have risen to above Rs one billion so far-Rs 742 million by Sindh and Rs 290 million by Balochistan. It was disclosed by the Wapda General Manag
Published 24 Apr, 2017 12:00am
Wapda chief visits Hub Dam

Wapda chief visits Hub Dam

Arrears in the head of operation and maintenance (O&M) of Hub Dam payable by Sindh and Balochistan governments have risen to above Rs one billion so far-Rs 742 million by Sindh and Rs 290 million by Balochistan. It was disclosed by the Wapda General Manag
Published 24 Apr, 2017 12:00am
Wapda chief visits Hub Dam

Wapda chief visits Hub Dam

Arrears in the head of operation and maintenance (O&M) of Hub Dam payable by Sindh and Balochistan governments have risen to above Rs one billion so far-Rs 742 million by Sindh and Rs 290 million by Balochistan. It was disclosed by the Wapda General Manag
Published 24 Apr, 2017 12:00am
IS ambush kills 10 Iraqi forces

IS ambush kills 10 Iraqi forces

Islamic State group fighters disguised as soldiers ambushed a government convoy in a remote desert region of western Iraq Sunday, killing 10 members of the security forces, commanders said. "Daesh (IS) members armed with assault rifles and rocket launcher
Published 24 Apr, 2017 12:00am
Russian captive escapes from Colombia guerrillas

Russian captive escapes from Colombia guerrillas

A Russian-Armenian national has escaped from his guerrilla captors in Colombia after disarming a rebel and setting off a firefight that left six wounded, the leftist National Liberation Army (ELN) said Sunday. The rebels were transferring Voskanya Arcen L
Published 24 Apr, 2017 12:00am
Dr Irshad reemployed as FBR chief

Dr Irshad reemployed as FBR chief

The federal government has reemployed Dr Muhammad Irshad, top official (Grade-22) of Inland Revenue Service (IRS) as Chairman Federal Board of Revenue (FBR) from April 24, 2017 to June 30, 2017. In this regard, Establish-ment Division has issued a notific
Published 24 Apr, 2017 12:00am
Dr Irshad reemployed as FBR chief

Dr Irshad reemployed as FBR chief

The federal government has reemployed Dr Muhammad Irshad, top official (Grade-22) of Inland Revenue Service (IRS) as Chairman Federal Board of Revenue (FBR) from April 24, 2017 to June 30, 2017. In this regard, Establish-ment Division has issued a notific
Published 24 Apr, 2017 12:00am
Three attacked in Delhi for transporting cattle

Three attacked in Delhi for transporting cattle

Three men who were transporting buffaloes in their truck to a slaughterhouse were attacked by vigilantes in the heart of Indian capital New Delhi, the police said on Sunday.
Published 24 Apr, 2017 12:00am
First-ever locally-hosted PE&VC Fund launched

First-ever locally-hosted PE&VC Fund launched

IJARA Capital Partners Limited ("IJARA"), a private equity firm licensed in October 2016 has launched the Pakistan's first ever locally-hosted Private Equity and Venture Capital Fund (PE & VC), namely Pakistan Emerging Market Fund-1 ("Fund") worth of $100
Published 24 Apr, 2017 12:00am
First-ever locally-hosted PE&VC Fund launched

First-ever locally-hosted PE&VC Fund launched

IJARA Capital Partners Limited ("IJARA"), a private equity firm licensed in October 2016 has launched the Pakistan's first ever locally-hosted Private Equity and Venture Capital Fund (PE & VC), namely Pakistan Emerging Market Fund-1 ("Fund") worth of $100
Published 24 Apr, 2017 12:00am
Four FC men martyred in Mand

Four FC men martyred in Mand

Four Frontier Corps (FC) men were among six people martyred and three others injured in separate armed attacks here on Sunday. Security sources armed miscreants attacked a convoy of security forces in Mand near Iranian border (tehsil Turbat of district Ke
Published 24 Apr, 2017 12:00am
Four FC men martyred in Mand

Four FC men martyred in Mand

Four Frontier Corps (FC) men were among six people martyred and three others injured in separate armed attacks here on Sunday. Security sources armed miscreants attacked a convoy of security forces in Mand near Iranian border (tehsil Turbat of district Ke
Published 24 Apr, 2017 12:00am
KP PA meets on April 25

KP PA meets on April 25

The session of the Khyber Pakhtunkhwa assembly was rescheduled to convene the meeting on Tuesday, 25th April. The Deputy Speaker, Dr Meher Taj Roghani who announced the adjournment of the proceedings till May 2, 2017, but now it will meet on 3:00 P.M toda
Published 24 Apr, 2017 12:00am
AWKU employee held in Mashal murder case

AWKU employee held in Mashal murder case

The Mardan police on Sunday arrested an employee of Abdul Wali Khan University (AWKU), Mardan who is believed to be a major instigator of the brutal lynching of student Mashal Khan.
Published 24 Apr, 2017 12:00am
Afghan peace linked with regional peace: Dar

Afghan peace linked with regional peace: Dar

Federal Minister for Finance, Senator Mohammad Ishaq Dar Sunday said that peace in Afghanistan was directly linked with peace in its neighbouring countries especially Pakistan.
Published 24 Apr, 2017 12:00am
PPP stages protest rallies across Sindh

PPP stages protest rallies across Sindh

Pakistan Peoples Party (PPP) Sunday held rallies and protests across Sindh to protest against the increased power outages, gas and water shortages and differential attitude of the federal government towards the province.
Published 24 Apr, 2017 12:00am
'Motorbike ambulance service' to be launched shortly

'Motorbike ambulance service' to be launched shortly

Emergency Services Punjab (Rescue 1122) is all set to launch 'motorbike ambulance service' on the pattern of Turkish model, as 20 emergency officers on Sunday returned from Turkey after learning about the emergency medical services and disaster management
Published 24 Apr, 2017 12:00am
Second phase of population census begins on April 25

Second phase of population census begins on April 25

The Second Phase of sixth housing and population census will commence on Tuesday. According to Radio Pakistan, eighty eight districts across the country would be covered during this phase. The second phase includes twenty one districts each in Punjab and
Published 24 Apr, 2017 12:00am
Marriyum accuses Imran of doing negative politics

Marriyum accuses Imran of doing negative politics

Minister of State for Information Marriyum Aurangzeb says that the Supreme Court has rejected Imran Khan's plea in the Panama Papers case. In a statement, she said that Prime Minister Nawaz Sharif will continue to serve the masses, while PTI Chief Imran K
Published 24 Apr, 2017 12:00am
JI, PML-Q urge Prime Minister to resign for free investigation

JI, PML-Q urge Prime Minister to resign for free investigation

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that after the verdict of two judges against him and for the formation of a JIT for further investigation into the wealth of the ruling family, Prime Minister Nawaz Sharif should step down
Published 24 Apr, 2017 12:00am
Chinese investors keen to invest in marble, granite sector

Chinese investors keen to invest in marble, granite sector

The emerging sector of Pakistan, marble and granite, is attracting the foreign investors due to its huge potential. A Chinese architectural group HebeiJianxin expressed his consent to invest in marble and granite sector of Pakistan.
Published 24 Apr, 2017 12:00am
PPP, MQM-P, PML-N hold rallies to show political strength in Karachi

PPP, MQM-P, PML-N hold rallies to show political strength in Karachi

In the wake of the verdict in Panama Papers leaks case, the political parties have intensified their campaigns in Karachi where Pakistan Muslim League-Nawaz (PML-N), Pakistan Peoples Party (PPP) and Muttahida Qaumi Movement-Pakistan (MQM-P), separately st
Published 24 Apr, 2017 12:00am
Shahbaz felicitates Erdogan

Shahbaz felicitates Erdogan

Chief Minister Punjab Muhammad Shahbaz Sharif telephoned Turk President Recep Tayyip Erdogan and congratulated him on his success in referendum. The Chief Minister said that the people of Turkey have once again expressed their confidence in his great lead
Published 24 Apr, 2017 12:00am
Shahbaz for provision of quality medical facilities to masses

Shahbaz for provision of quality medical facilities to masses

Chief Minister Punjab Muhammad Shahbaz Sharif Sunday expressed his firm resolve to ensure provision of quality and modern medical facilities to people. "With hard work and determination, steps are being taken to improve the healthcare system. We had to mo
Published 24 Apr, 2017 12:00am
Dawn Leaks: Cyril was in touch with 12 people?

Dawn Leaks: Cyril was in touch with 12 people?

The inquiry report led by former judge Aamir Raza Khan on October 7 last year story published in Dawn, which was termed a breach of national security by the Corps Commander's meeting a week later, reveals that senior Dawn staff reporter Cyril Almeida was
Published 24 Apr, 2017 12:00am
SGRH declared fit for treatment of gynea complications

SGRH declared fit for treatment of gynea complications

Sir Ganga Ram Hospital (SGRH), Lahore, where over 28,000 deliveries take place annually, has been declared fit for dealing with gynea-related complications. This was stated by SGRH Medical Superintendent (MS) Dr. Nauman Matloob Syed while talking to APP h
Published 24 Apr, 2017 12:00am
Over 25,000 students get free books in Landi Kotal

Over 25,000 students get free books in Landi Kotal

Under campaign of the provision of free of cost books by the government, more than 25000 thousands of state-run educational institutions from nursery to 10th class receive free course books in Landi Kotal, Khyber Agency.
Published 24 Apr, 2017 12:00am
'Standardised work being done on metro train project'

'Standardised work being done on metro train project'

Norinco China Railway Orange Line Metro Train Project Manager Zhu Pengfei on Sunday praised the high quality of civil works of Lahore Orange Line Metro Train saying 'standardised work was being done on this project.'
Published 24 Apr, 2017 12:00am
'Inter-faith dialogue must for harmony among youth'

'Inter-faith dialogue must for harmony among youth'

Post Graduate Medical Institute (PGMI) and Ameer ud Din Medical College (AMC)Principal Prof. Ghiyas-un-Nabi Tayyab has said that inter-faith dialogue is necessary for ensuring harmony among youth and other segments apart from promoting mutual understandin
Published 24 Apr, 2017 12:00am
Share of Tank, D I Khan shrink in SADP funds

Share of Tank, D I Khan shrink in SADP funds

The provincial government of Khyber Pakhtunkhwa has cut the volume of Southern Area Development Program (SADP) for Tank and Dera Ismail Khan districts as major chunk of the funds were utilized in Lakki Marwat district.
Published 24 Apr, 2017 12:00am
FF Steel organises annual gala for employees' families

FF Steel organises annual gala for employees' families

An Annual Team Building and Award Ceremony of Frontier Foundry (FF) Steel held here in a local hotel. More than 200 employees along with their families attended to recognize their achievements and the future plans.
Published 24 Apr, 2017 12:00am
China urges Korea peninsula denuclearization

China urges Korea peninsula denuclearization

China's foreign minister called Sunday for the complete denuclearisation of the Korean peninsula amid rising tension over North Korea's missile and nuclear programmes.
Published 24 Apr, 2017 12:00am
Trump to insist on border wall funds as budget deadline looms

Trump to insist on border wall funds as budget deadline looms

High-powered aides to Donald Trump pressed for funding of a Mexico border wall Sunday as a looming spending showdown in Congress threatens to shut down the US government on the president's 100th day in office. Funding for the wall was Trump's signature ca
Published 24 Apr, 2017 12:00am
New Zealand considering extra security on Middle East flights

New Zealand considering extra security on Middle East flights

New Zealand is considering additional security checks on flights from Muslim-majority countries in the Middle East, its transport minister said on Sunday. The new rules would follow similar measures introduced last month by the United States, Britain and
Published 24 Apr, 2017 12:00am
US Defence Secretary Mattis visits strategic Djibouti

US Defence Secretary Mattis visits strategic Djibouti

US Defense Secretary Jim Mattis arrived Sunday for a short visit to Djibouti, a strategic Horn of Africa nation which hosts Washington's only permanent military base on the continent. Camp Lemonnier, home to some 4,000 US soldiers and contractors, is vita
Published 24 Apr, 2017 12:00am
Yemen missile seriously wounds AFP photographer

Yemen missile seriously wounds AFP photographer

A local photographer who works with AFP was seriously wounded in a missile strike on Sunday in southwest Yemen, his colleagues said. Saleh al-Obeidi was in an armoured car with a pro-government officer when their vehicle was struck by a heat-guided missil
Published 24 Apr, 2017 12:00am
North Korea detains third US citizen

North Korea detains third US citizen

North Korea detained a US citizen on Saturday as he attempted to leave the country, bringing the total number of Americans held by the isolated country to three. Korean-American Tony Kim had spent a month teaching an accounting course at the Pyongyang Uni
Published 24 Apr, 2017 12:00am
Sisi visits Saudi Arabia as tensions ease

Sisi visits Saudi Arabia as tensions ease

Egyptian President Abdel Fattah al-Sisi received a royal welcome from King Salman as he landed Sunday in Saudi Arabia for a visit to boost ties after months of tension. Salman, surrounded by key Saudi officials, greeted Sisi as he stepped off the plane in
Published 24 Apr, 2017 12:00am
First OSCE staff member killed in rebel east Ukraine

First OSCE staff member killed in rebel east Ukraine

The Organization for Security and Cooperation in Europe said Sunday one of its staff was killed after an observer mission patrol vehicle hit a landmine in the Russian-backed separatist east.
Published 24 Apr, 2017 12:00am
German anti-immigrant party picks leaders for election drive

German anti-immigrant party picks leaders for election drive

The anti-immigrant Alternative for Germany (AfD) party on Sunday chose a tough-talking former member of Chancellor Angela Merkel's conservatives and an economist to lead its campaign for a September election in a line-up likely to drag the group further r
Published 24 Apr, 2017 12:00am
Reflation trades of 2016 deflate with remarkable speed

Reflation trades of 2016 deflate with remarkable speed

Stocks, bond yields and the dollar are all falling, yield curves are flattening and sterling is marching higher. The "reflation" trades of 2016 that were supposed to mark a turning point in global markets are fading.
Published 24 Apr, 2017 12:00am
Reflation trades of 2016 deflate with remarkable speed

Reflation trades of 2016 deflate with remarkable speed

Stocks, bond yields and the dollar are all falling, yield curves are flattening and sterling is marching higher. The "reflation" trades of 2016 that were supposed to mark a turning point in global markets are fading.
Published 24 Apr, 2017 12:00am
Euro holds up after attack
Currency

Euro holds up after attack

On forex markets the euro suffered a brief dive against the dollar after a gunman - who the Islamic State group said was one of their followers - opened fire in the middle of Paris, killing one policeman. The currency later recovered and was flat against
Published 24 Apr, 2017 12:00am
Mexico stockbrokers ask bourse to probe Elektra stock surge

Mexico stockbrokers ask bourse to probe Elektra stock surge

Members of Mexico's association of brokerages last week asked officials from the country's stock exchange to look into a recent surge in the stock price of banking and retail company Elektra, according to three members of the group.
Published 24 Apr, 2017 12:00am
May's election gamble offers longer-term turnaround for Sterling

May's election gamble offers longer-term turnaround for Sterling

Running contrary to the norm on shock election announcements, the pound's steep gains on Tuesday point to hope among investors that the June poll may stabilise domestic UK politics as the country faces its biggest challenges in half a century.
Published 24 Apr, 2017 12:00am
Investors push for more info on lobbying at US companies

Investors push for more info on lobbying at US companies

Dozens of major US companies are facing shareholder votes this spring that seek to require more disclosure about political lobbying, as activists demand greater corporate transparency. Votes are set to take place at more than 40 annual meetings, including
Published 24 Apr, 2017 12:00am
Morgan Stanley's quarterly profit jumps to 74 percent

Morgan Stanley's quarterly profit jumps to 74 percent

Morgan Stanley reported a 74 percent jump in quarterly profit on Wednesday, topping analysts' estimates as revenue from bond trading nearly doubled following interest rate hikes by the Federal Reserve.
Published 24 Apr, 2017 12:00am
Saudi's National Commercial Bank first quarter net profit up 2.7 percent

Saudi's National Commercial Bank first quarter net profit up 2.7 percent

Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, reported a 2.7 percent rise in first-quarter net profit on Tuesday as trading and investments income edged up, offsetting a rise in expenses. It is the sixth major Saudi bank to
Published 24 Apr, 2017 12:00am
Saudi's National Commercial Bank first quarter net profit up 2.7 percent

Saudi's National Commercial Bank first quarter net profit up 2.7 percent

Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, reported a 2.7 percent rise in first-quarter net profit on Tuesday as trading and investments income edged up, offsetting a rise in expenses. It is the sixth major Saudi bank to
Published 24 Apr, 2017 12:00am
BP mulls sale of stakes in Canadian oil sands assets

BP mulls sale of stakes in Canadian oil sands assets

BP Plc is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters last week, as part of the British oil company's strategy of retreating from noncore businesses.
Published 24 Apr, 2017 12:00am
Saudi Arabia's privatisation drive may yield 100 new listings

Saudi Arabia's privatisation drive may yield 100 new listings

Saudi Arabia's privatisation drive is likely to result in around 100 new stock market listings in sectors including mining, healthcare and retail, a top HSBC executive said on Monday. Georges Elhedery, HSBC's chief executive for the Middle East and North
Published 24 Apr, 2017 12:00am
Credit Suisse pay revolt rumbles on even after concessions

Credit Suisse pay revolt rumbles on even after concessions

Credit Suisse has failed to completely quash a shareholder revolt over payouts to the bank's senior managers, even after offering to cut bonuses for top management by 40 percent and a pay freeze for its board of directors.
Published 24 Apr, 2017 12:00am
Volkswagen first quarter operating profit jumps

Volkswagen first quarter operating profit jumps

Volkswagen posted a 28 percent jump in first-quarter operating profit, helped by a return to earnings growth at its core VW brand, which has struggled to recover from the German carmaker's diesel emissions scandal. Group operating profit came to 4.4 billi
Published 24 Apr, 2017 12:00am
Volkswagen first quarter operating profit jumps

Volkswagen first quarter operating profit jumps

Volkswagen posted a 28 percent jump in first-quarter operating profit, helped by a return to earnings growth at its core VW brand, which has struggled to recover from the German carmaker's diesel emissions scandal. Group operating profit came to 4.4 billi
Published 24 Apr, 2017 12:00am
Facebook out to read minds

Facebook out to read minds

Face-book wants to read your mind. At least, when it comes to what you'd like to say or type. The social network giant, at its annual developers conference, unveiled Wednesday projects aimed at allowing users to use their minds to type messages or their s
Published 24 Apr, 2017 12:00am
Most teens 'relatively' happy, OECD finds

Most teens 'relatively' happy, OECD finds

Despite the danger of excessive internet use and the threat of bullying, most teenagers around the world are "relatively" happy with their lot, a major OECD survey showed Wednesday.
Published 24 Apr, 2017 12:00am
Netflix stands on the threshold of 100m global subscribers

Netflix stands on the threshold of 100m global subscribers

Netflix is on the verge of surpassing 100 million global subscribers, a testament to how much the video streaming service has changed the entertainment landscape since its debut a decade ago. The company will reach that milestone this weekend if its proje
Published 24 Apr, 2017 12:00am
Antarctic meltwater lakes threaten sea levels: study

Antarctic meltwater lakes threaten sea levels: study

Antarctic meltwater lakes are far more common than once thought and could destabilise glaciers, potentially lifting sea levels by metres as global warming sets in, scientists said on Wednesday. Most vulnerable are the massive, floating ice shelves that ri
Published 24 Apr, 2017 12:00am
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