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Print - 2017-07-31
Europe battles Google News over 'snippet tax' proposal

Europe battles Google News over 'snippet tax' proposal

A major battle is brewing in Brussels over an EU reform plan that would force internet aggregators such as Google News to pay newspapers for displaying snippets of their articles online. Google is furious at the reform idea, but powerful publishers, inclu
Published 31 Jul, 2017 12:00am
Shahbaz Sharif: dynastic heir

Shahbaz Sharif: dynastic heir

Prime minister-in-waiting and current chief minister of Punjab Shahbaz Sharif is widely considered the more intelligent younger brother of the charismatic three-time premier Nawaz. He was named as his brother's successor, becoming heir to the Sharif polit
Published 31 Jul, 2017 12:00am
SC verdict jolts dynastic political class

SC verdict jolts dynastic political class

As the superior judiciary has arguably emerged the most powerful organ of the State among legislative, Executive and Judiciary, the Supreme Court's historic Panamagate verdict has given a big jolt to the dynastic political class and bureaucrats of the cou
Published 31 Jul, 2017 12:00am
13 killed as van collides with truck

13 killed as van collides with truck

At least 13 people including women and children were killed and four others injured as a passenger van collided with a truck near Abbott Chowk in Hassan Abdal on Sunday. The ill-fated van was travelling from Rawalpindi to Peshawar when it collided with a
Published 31 Jul, 2017 12:00am
Siraj vows to eradicate corruption from country

Siraj vows to eradicate corruption from country

Chief of Jamaat-e-Islami, Sirajul Haq has said that the disqualification of Nawaz Sharif was the first JI attack on the Somnath of corruption and it would carry out seventeen attacks till every plunderer of public wealth was brought to the book. He was ad
Published 31 Jul, 2017 12:00am
Four names make rounds for next Punjab chief minister

Four names make rounds for next Punjab chief minister

As Shahbaz Sharif is likely to the leave his position as the chief minister of Punjab to become the new prime minister, names of four contenders have made rounds to take over the provincial assembly seat he would be vacating soon. According to sources, ei
Published 31 Jul, 2017 12:00am
Lion is free now: Marriyum

Lion is free now: Marriyum

Pakistan Muslim League (PML-N) leader and former State Minister, Marriyum Aurangzeb has said that Lion (Nawaz Sharif) is free now. While commenting on warm welcome extended to ex-PM Nawaz Sharif upon his arrival at Murree on Sunday, day after his disquali
Published 31 Jul, 2017 12:00am
Rashid hints at filing petitions against Abbasi, Shahbaz

Rashid hints at filing petitions against Abbasi, Shahbaz

Candidate for interim Prime Minister, Shahid Khaqan Abbasi has to face first blow before his election as president Awami Muslim League (AML) Sheikh Rasheed Ahmed on Sunday declared he is going to file a petition against him in apex court for alleged corru
Published 31 Jul, 2017 12:00am
Children Hospital's BMT centre completed

Children Hospital's BMT centre completed

Bone Marrow Transplant (BMT) project in Children Hospital has been completed at a cost of Rs.240 million. The grant was provided by the Chief Minister Muhammad Shehbaz Sharif for setting up a state of the art BMT Center for the children suffering from blo
Published 31 Jul, 2017 12:00am
Opposition parties meet today to pick consensus candidate

Opposition parties meet today to pick consensus candidate

On the eve of National Assembly session for the election of an interim prime minister, Opposition Leader of the house Syed Khurshid Shah on Sunday has summoned a session of opposition parties to nominate their candidate for the premiership. The opposition
Published 31 Jul, 2017 12:00am
Zardari condemns AJK Prime Minister's remarks

Zardari condemns AJK Prime Minister's remarks

Former President Asif Ali Zardari has strongly condemned the statement of AJK Prime Minister in which he said that after the Supreme Court disqualifying of Nawaz Sharif from holding public office, the Kashmiris will seriously rethink whether they wished t
Published 31 Jul, 2017 12:00am
Interim PM's poll: Abbasi, Rasheed and Shah obtain nomination papers

Interim PM's poll: Abbasi, Rasheed and Shah obtain nomination papers

Shahid Khaqan Abbasi of Pakistan Muslim League Nawaz (PML-N) and Sheikh Rashid on behalf of Pakistan Tehreek-e-Insaf (PTI) on Sunday obtained nomination papers while opposition leader Khursheed Shah also obtained six nomination papers from the office of S
Published 31 Jul, 2017 12:00am
PML-N takes out rally in favour of Nawaz

PML-N takes out rally in favour of Nawaz

Pakistan Muslim League (N) here on Sunday held a rally which was led by Ex MNA, Anjum Aqeel to show solidarity with former Prime Minister, Muhammad Nawaz Sharif who has been disqualified by Supreme Court of Pakistan. The rally was started from F-11 markaz
Published 31 Jul, 2017 12:00am
PML-Q wants opposition to field consensus candidate
Exchange

PML-Q wants opposition to field consensus candidate

Pakistan Muslim League (PML) leadership has accelerated efforts for nomination of a unanimous candidate from the opposition for the office of prime minister in the prevailing political situation in the country. PML President and former Prime Minister Ch S
Published 31 Jul, 2017 12:00am
Nawaz's ouster will pave way for my return: Musharraf

Nawaz's ouster will pave way for my return: Musharraf

Former President Pervez Musharraf has termed Supreme Court's verdict disqualifying Nawaz Sharif as 'great' and 'pleasant for Pakistanis'. During an interview with an Indian newspaper, Musharraf said that Nawaz's disqualification will pave way for his retu
Published 31 Jul, 2017 12:00am
Tricksters have once again ganged up to loot people: SVP FCCI
Exchange

Tricksters have once again ganged up to loot people: SVP FCCI

Tricksters have once again been ganged up to loot the people with minor financial resources by exploiting their needs, inherent greediness and in the garb of providing them various items of daily use at less than market price, said Rana Sikandar-e-Azam Se
Published 31 Jul, 2017 12:00am
Nawaz's removal is no threat to democracy: Bilawal

Nawaz's removal is no threat to democracy: Bilawal

Pakistan Peoples Party (PPP) Chairperson Bilawal Bhutto-Zardari said that disqualified Prime Minister Nawaz Sharif's removal is no threat to democracy. "PPP believes that accountability must be impartial and exhaustive and seeks to do so by introducing le
Published 31 Jul, 2017 12:00am
Business community hails SC's verdict

Business community hails SC's verdict

The business community on Sunday welcoming the Supreme Court's verdict in Panama case said the process of accountability should continue in future and Political workers should not create law and order situation in the country. They said the SC's decision
Published 31 Jul, 2017 12:00am
Plea to set up export promotion councils

Plea to set up export promotion councils

President Sialkot Chamber of Commerce and Industry (SCCI) Majid Raza Bhutta has urged upon the government to take drastic steps for setting up of sector specific Export Promotion Councils in the country. The proposed councils should be established for all
Published 31 Jul, 2017 12:00am
JI to resist repealing of articles 62 & 63

JI to resist repealing of articles 62 & 63

Jamaat-e-Islami, a politico-religious party has warned the rulers that it would not let anyone to repeal the articles 62 and 63 of the Constitution to save the dishonest and corrupt elements in the country, said JI leaders Asif Mehmood Ikhwani, Suhaib Amm
Published 31 Jul, 2017 12:00am
SC verdict encouraging: Sajid Naqvi

SC verdict encouraging: Sajid Naqvi

The Chief of Millat-e-Jaafria Allama Sajid Ali Naqvi said on Sunday that the Supreme Court's verdict is encouraging and it would help to ensure the rule of law and accountability to strong and powerful the people of the country. However, the right of appe
Published 31 Jul, 2017 12:00am
Fishing season begins today: fishermen hope seafood export may go up

Fishing season begins today: fishermen hope seafood export may go up

Pakistan's historic seafood export of $394.219 million during the fiscal year 2017 has offered a little to the poor fishermen, who hold down their expectations from the next fishing season beginning from August 1. In addition, the country's seafood export
Published 31 Jul, 2017 12:00am
Accountability process must be taken to its logical end: FCCI

Accountability process must be taken to its logical end: FCCI

Engineer Ahmed Hassan Vice President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the decision of Panama Case and said that the process of brute accountability has been started and now, it should be taken to its logical end by completing
Published 31 Jul, 2017 12:00am
Workers stage rally in support of Nawaz

Workers stage rally in support of Nawaz

Political workers of Pakistan Muslim League-Nawaz (PML-N) Khyber Agency chapter took out a protest rally at Bab-e-Khyber of Tehsil Jamrud on Sunday in support of former premier, Nawaz Sharif and against his ouster. Dozens of the supporters of PML-N were c
Published 31 Jul, 2017 12:00am
Restoration work of heritage building to end by December: Chief Minister

Restoration work of heritage building to end by December: Chief Minister

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed to complete restoration of culture heritage in Gor Gatheri Peshawar by December 30. He said that the cultural heritage should be restored in its original shape. After the completion he hoped th
Published 31 Jul, 2017 12:00am
Dasti opposes Shahbaz's nomination for PM's slot

Dasti opposes Shahbaz's nomination for PM's slot

Opposing the nomination of Shahbaz Sharif for the top slot, Chairman of Awami Raj Party MNA Jamshed Dasti said that "he was a wife-snatcher" who had grabbed the wives of bureaucrats including Tehmina Durrani. Addressing a hurriedly called press Conference
Published 31 Jul, 2017 12:00am
QWP ministers resign from KP cabinet

QWP ministers resign from KP cabinet

Provincial chief of Qaumi Watan Party (QWP) Sikandar Hayat Khan Sherpao and other ministers of the party tendered resignation from the provincial cabinet of Khyber Pakhtunkhwa on Sunday. They submitted their resignation to Governor Khyber Pakhtunkhwa. Sik
Published 31 Jul, 2017 12:00am
New traffic management system introduced in Abbottabad

New traffic management system introduced in Abbottabad

Abbottabad Police Sunday introduced new traffic management system in Abbottabad to cope with the traffic congestion in main Manshera road and Muree road Abbotabad. This was stated by the District Police Officer (DPO) Abbotabad Muhammad Ishfaq Anwar while
Published 31 Jul, 2017 12:00am
17 people die in road accident

17 people die in road accident

Total 666 road traffic crashes were reported in Provincial Monitoring Cell of the Punjab Emergency Service (Rescue 1122) in all 37 Districts of Punjab during the last 24 hours; in which 17 lives were lost and 620 serious injured were shifted to different
Published 31 Jul, 2017 12:00am
Basit calls for 'uninterrupted' Indo-Pak talks

Basit calls for 'uninterrupted' Indo-Pak talks

Pakistan High Commissioner Abdul Basit has said that talks between India and Pakistan are a "necessity and "prerequisite" to improve relations between the two countries. Speaking at an event organized by the South Asia Forum for Art and Creative Heritage,
Published 31 Jul, 2017 12:00am
Sehat Insaf Card approved for government employees

Sehat Insaf Card approved for government employees

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has approved the extension of Sehat Insaf Card to all employees of public and autonomous bodies including universities, medical institutes, lawyers, journalists etc. However, the employees of relevant depar
Published 31 Jul, 2017 12:00am
Six students die as Madressah roof collapses in Karak

Six students die as Madressah roof collapses in Karak

At least six students died and 12 others sustained injuries when roof of a madressah (religious seminary) collapsed in Ali Khel area in district Karak on Sunday morning. According to details, the incident took place in Sabirabad locality in Karak after th
Published 31 Jul, 2017 12:00am
'Indian Army soldier joins Hizbul Mujahideen'

'Indian Army soldier joins Hizbul Mujahideen'

A Kashmiri soldier who had deserted the ranks of Indian army early this month has joined militant outfit Hizbul Mujahideen. Sepoy Zahoor Ahmed Tokar of Sirnoo, Pulwama, who was posted in 173 Territorial Army Engineering regiment at Gantmulla Baramulla, ha
Published 31 Jul, 2017 12:00am
Mixed trend in prices of essential household items

Mixed trend in prices of essential household items

A mix trend in prices of essential food commodities, including chicken, vegetable, pulses and fruits was witnessed as some daily use items registered slight increase while other remained stable in retail market, according to survey conducted by Busines
Published 31 Jul, 2017 12:00am
Pakistani scholarship attracts thousands of Afghan students

Pakistani scholarship attracts thousands of Afghan students

Pakistani Embassy in Afghanistan has started a four-day process of examination for scholarship in its Kabul based headquarter and its diplomatic missions in other Afghan cities, drawing attention of around 8,000 students, a private local news agency repor
Published 31 Jul, 2017 12:00am
New Delhi, its media out to defame Kashmir leadership: Mirwaiz

New Delhi, its media out to defame Kashmir leadership: Mirwaiz

Hurriyat Chairman Mirwaiz Umar Farooq has said the government of India "and its media" was working to subvert the role of Kashmiri pro-freedom leadership in the resolution of Kashmir issue by defaming them. Mirwaiz, who addressed media via social networki
Published 31 Jul, 2017 12:00am
PML-N proud of Nawaz's services: Shahbaz

PML-N proud of Nawaz's services: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that PML-N has set an example of public service during the last four years as community welfare and state development is our agenda. Muhammad Nawaz Sharif is the leader of Pakistan who lives in the he
Published 31 Jul, 2017 12:00am
MQM-P UC vice chairman gunned down

MQM-P UC vice chairman gunned down

Muttahida Qaumi Movement Pakistan (MQM-P) Korangi District UC-13 Vice Chairman Muhammad Rasheed was killed by unidentified persons here in the wee hours of Sunday. SHO Al-Falah police station Tariq Baig told Business Recorder that the incident took
Published 31 Jul, 2017 12:00am
Girl sold to landlord rescued, father held

Girl sold to landlord rescued, father held

The police rescued a girl sold to a landlord by her father and arrested the accused here on Sunday. According to details, a pitiless man sold his young girl to an influential landlord in suburbs of Badin district against Rs.100,000. The police on complain
Published 31 Jul, 2017 12:00am
Four killed in separate incidents in Karachi

Four killed in separate incidents in Karachi

At least four people were killed and three others injured in separate incidents of violence in different localities of the metropolis city Karachi on Sunday. More than dozen were held with arms. Police said that four people were killed during incidents of
Published 31 Jul, 2017 12:00am
British government rift over EU immigration

British government rift over EU immigration

The British government appeared divided Sunday over Brexit, with International Trade Secretary Liam Fox clashing with finance minister Philip Hammond over free movement of labour once the UK leaves the EU. Fox said the cabinet had not agreed a deal on imm
Published 31 Jul, 2017 12:00am
Judges uphold Israeli soldier's manslaughter conviction

Judges uphold Israeli soldier's manslaughter conviction

A military court on Sunday upheld a manslaughter conviction and 18-month prison sentence for an Israeli soldier who shot dead a prone Palestinian assailant in a case that deeply divided the country. Prime Minister Benjamin Netanyahu immediately repeated h
Published 31 Jul, 2017 12:00am
Clashes near Yemen's Mokha kill 40 troops, rebels

Clashes near Yemen's Mokha kill 40 troops, rebels

More than 40 troops and rebels have been killed in several days of clashes between Yemen's Saudi-backed army and insurgents allied with Iran near the Red Sea port of Mokha, officials said Sunday. Sixteen Huthi rebels and seven soldiers were killed in over
Published 31 Jul, 2017 12:00am
Mass rally in Istanbul over Israel's Jerusalem measures

Mass rally in Istanbul over Israel's Jerusalem measures

Thousands of supporters of a conservative Turkish party rallied in Istanbul on Sunday to protest measures taken by Israel in Jerusalem and show solidarity with the Palestinians. Israel had angered Turkey by installing metal detectors and security cameras
Published 31 Jul, 2017 12:00am
Japan PM's party avoids embarrassing defeat with win in Yokohama

Japan PM's party avoids embarrassing defeat with win in Yokohama

Japanese Prime Minister Shinzo Abe's ruling bloc avoided an embarrassing defeat on Sunday as an ally won reelection as mayor of Yokohama, with the premier planning to reshuffle his cabinet this week in an effort to boost his sagging support ratings.
Published 31 Jul, 2017 12:00am
Turkmenistan comes to standstill for leader's mass bike ride

Turkmenistan comes to standstill for leader's mass bike ride

Turkmenistan's authoritarian leader brought the Central Asian nation's capital to a shuddering halt as he slipped into green lycra to spearhead a mass bike ride, state media reported Sunday. President Gurbanguly Berdymukhamedov led a pack of officials alo
Published 31 Jul, 2017 12:00am
Typhoon injures over 80 in Taiwan, traps dozens

Typhoon injures over 80 in Taiwan, traps dozens

A strong typhoon swept across Taiwan on Sunday, injuring more than 80 people, forcing the capital to shut down essential services and knocking out power to hundreds of thousands of homes. Forty people were trapped in the southern parts of the island, main
Published 31 Jul, 2017 12:00am
US successfully tests missile intercept system

US successfully tests missile intercept system

American forces successfully tried out Sunday a missile interception system the US hopes to set up on the Korean peninsula, military officials said following a trial just days after North Korea's second test of an ICBM. In the American test of the so-call
Published 31 Jul, 2017 12:00am
Somalia militants claim 39 AU troops killed in ambush

Somalia militants claim 39 AU troops killed in ambush

Shabaab militants in Somalia on Sunday claimed they had killed 39 African Union troops in an ambush in the country's south. The claim by the Al-Qaeda linked insurgents, made by the group's spokesman on an affiliated radio station, could not be immediately
Published 31 Jul, 2017 12:00am
Putin shows off Russia's naval might with major parade

Putin shows off Russia's naval might with major parade

President Vladimir Putin on Sunday oversaw a pomp-filled display of Russia's naval might as the Kremlin paraded its sea power from the Baltic Sea to the shores of Syria. Some 50 warships and submarines were on show along the Neva River and in the Gulf of
Published 31 Jul, 2017 12:00am
755 US diplomats must leave Russia: Putin

755 US diplomats must leave Russia: Putin

President Vladimir Putin said 755 US diplomats must leave Russia and warned ties with Washington could be gridlocked for a long time, in a move Sunday that followed tough new American sanctions. The Russian foreign ministry had earlier demanded Washington
Published 31 Jul, 2017 12:00am
France offers Italy naval ship deal to resolve STX row

France offers Italy naval ship deal to resolve STX row

France will offer to expand shipbuilding cooperation with Italy into naval vessels, Finance Minister Bruno Le Maire said, after Paris thwarted a tie-up it is now seeking to renegotiate between the STX France shipyard and Italian rival Fincantieri. Le Mair
Published 31 Jul, 2017 12:00am
Russia's RT says correspondent killed in Syria

Russia's RT says correspondent killed in Syria

Russia's Kremlin-backed international broadcaster RT said a correspondent from its Arabic-language channel was killed Sunday by shelling from the Islamic State group in Syria's Homs province. "RT mourns the loss of its correspondent Khaled al-Khatib, who
Published 31 Jul, 2017 12:00am
Diana confessions set to air on British TV

Diana confessions set to air on British TV

Footage of the late princess Diana pouring her heart out about her failed marriage with Prince Charles will air on British television for the first time, a channel confirmed Sunday. Ahead of the 20th anniversary of her death in a Paris car crash, Channel
Published 31 Jul, 2017 12:00am
Ruling party's business arm dominates Rwandan economy

Ruling party's business arm dominates Rwandan economy

Rwanda's ruling party has tightly controlled the political sphere for over two decades, but it is also accused of monopolising the economy via its very own conglomerate: Crystal Ventures. The investment arm of the Rwandan Patriotic Front is the country's
Published 31 Jul, 2017 12:00am
Libya jihadists kill five in attack on strongman's forces

Libya jihadists kill five in attack on strongman's forces

Jihadists on Sunday killed five members of a force led by military strongman Khalifa Haftar in the country's east, a pro-Haftar news agency reported. "Terrorist groups attacked at dawn Sunday three sites under the control" of Haftar's forces south of the
Published 31 Jul, 2017 12:00am
Philippine mayor linked to drugs killed in raid: police
Exchange

Philippine mayor linked to drugs killed in raid: police

A Philippine mayor accused of involvement in narcotics trafficking was shot dead along with 14 other people in a police raid Sunday - the latest official to die in President Rodrigo Duterte's war on drugs. Duterte has singled out local officials, policeme
Published 31 Jul, 2017 12:00am
Morocco's king pardons some protesters, lambasts officials

Morocco's king pardons some protesters, lambasts officials

Morocco's King Mohammed VI has pardoned dozens of people arrested in recent protests in a northern region and blamed the failure of local officials to quickly implement development projects for stoking public anger. It was his first public address since t
Published 31 Jul, 2017 12:00am
Nearly 150 smuggled Central American migrants rescued in Mexico

Nearly 150 smuggled Central American migrants rescued in Mexico

Nearly 150 Central Americans being smuggled to the United States were rescued Saturday in Mexico after traveling tightly packed in a poorly ventilated truck. The rescue was initially described by authorities in eastern Veracruz state as a near-tragedy wit
Published 31 Jul, 2017 12:00am
India's monsoon floods: death toll climbs to 213

India's monsoon floods: death toll climbs to 213

Severe monsoon flooding has killed 213 people in western India, an official said Sunday, as rescuers continue to sift through villages devastated by torrential rains. The death toll in Gujarat state jumped from Wednesday's total of 123 as waters recede fr
Published 31 Jul, 2017 12:00am
Senegal votes after tense election campaign

Senegal votes after tense election campaign

Senegalese voters cast ballots Sunday to elect a new parliament, a test run for President Macky Sall ahead of a 2019 presidential election and following a campaign marred by violence and tensions. Most of the 14,000 polling stations opened at 8:00 am (080
Published 31 Jul, 2017 12:00am
England set South Africa mammoth target

England set South Africa mammoth target

Jonny Bairstow made a run-a-ball fifty on Sunday as England left South Africa needing to rewrite the record books if they were to pull off an astounding win in the third Test. South Africa were 117 for four, needing a further 375 runs to reach their victo
Published 31 Jul, 2017 12:00am
Vettel wins Hungarian GP in Ferrari one-two

Vettel wins Hungarian GP in Ferrari one-two

Sebastian Vettel increased his drivers' world championship lead to 14 points on Sunday when he led Kimi Raikkonen home in a dominant Ferrari one-two at the Hungarian Grand Prix. In his 50th race for Ferrari, the four-time champion German controlled the co
Published 31 Jul, 2017 12:00am
Denmark stun Germany in women's Euro quarters

Denmark stun Germany in women's Euro quarters

Second-half headers by Nadia Nadim and Theresa Nielsen stunned holders Germany who bow out of the women's Euro after a 2-1 quarter-finals loss to Denmark in Rotterdam on Sunday. Germany, who have won the Euro six times in a row and eight times overall, do
Published 31 Jul, 2017 12:00am
Barcelona edge out Real Madrid in thrilling Miami Clasico

Barcelona edge out Real Madrid in thrilling Miami Clasico

Barcelona drew first blood against Real Madrid ahead of the new season with a 3-2 victory in a pulsating Clasico friendly on Saturday in Miami. The historic rivals will meet again twice in August in the Spanish Super Cup and this International Champions C
Published 31 Jul, 2017 12:00am
Kohli backs all-rounder Pandya to become India's Stokes

Kohli backs all-rounder Pandya to become India's Stokes

All-rounder Hardik Pandya has the potential to become India's Ben Stokes and improve the balance of the side, captain Virat Kohli said after the 23-year-old's encouraging test debut in the win against Sri Lanka. England's Stokes is widely regarded the bes
Published 31 Jul, 2017 12:00am
Mayer wins Hamburg final

Mayer wins Hamburg final

Leonardo Mayer secured his second career title on Sunday as he defeated Germany's Florian Mayer 6-4, 4-6, 6-3 in the Hamburg clay-court final. Argentina's Mayer, ranked 138 in the world, had already won here in 2014 but was a lucky loser this time, profit
Published 31 Jul, 2017 12:00am
Fognini wins fifth ATP title in Gstaad

Fognini wins fifth ATP title in Gstaad

Fabio Fognini beat Yannick Hanfmann 6-4, 7-5 in the Gstaad ATP tournament final on Sunday to win his fifth tour title. The 31-year-old Italian, ranked 31 in the world, was playing in his 13th ATP final. All five of his victories have come on clay. "It's a
Published 31 Jul, 2017 12:00am
Stylish Lo Bue clinches US high dive gold quest

Stylish Lo Bue clinches US high dive gold quest

Steve Lo Bue became the first ever high diver from the United States to win gold at a world championships, on the final day of the meet in Budapest. Lo Bue scored 397.15 points ahead of Michal Navratil (390.90) who won the Czech Republic's first ever meda
Published 31 Jul, 2017 12:00am
Dressel wins seventh world gold in men's 4x100m medley

Dressel wins seventh world gold in men's 4x100m medley

Caeleb Dressel won an historic seventh gold medal in Budapest on Sunday as the USA claimed the men's 4x100m medley relay title at the world championships. After Dressel swam the third leg, Nathan Adrian touched the wall first for the USA at three minutes,
Published 31 Jul, 2017 12:00am
Sjostrom claims third sprint title

Sjostrom claims third sprint title

Sarah Sjostrom of Sweden won the women's 50m freestyle gold at the world championships on Sunday for her third sprint title in Budapest. Sjostrom clocked 23.69 with Ranomi Kromowidjojo of the Netherlands silver at 0.16 back and Simone Manuel of the United
Published 31 Jul, 2017 12:00am
Triple-double as Hosszu retains 400m IM world title

Triple-double as Hosszu retains 400m IM world title

Hungary's 'Iron Lady' Katinka Hosszu admitted feeling the strain after retaining the women's 400m individual medley title at the world championships on Sunday to complete the IM double on home soil in Budapest. Hosszu clocked a new championships record ti
Published 31 Jul, 2017 12:00am
Golden King breaks women's 50m breaststroke world record

Golden King breaks women's 50m breaststroke world record

Lilly King of the United States claimed her second world record this week in winning the women's 50m breaststroke gold at the world championships on Sunday. King clocked 29.40 seconds, breaking Ruta Meilutyte's four-year-old record of 29.48, with Russia's
Published 31 Jul, 2017 12:00am
Backstroke ace Lacourt claims hat-trick

Backstroke ace Lacourt claims hat-trick

Camille Lacourt of France won the men's 50m backstroke gold for the third straight world championships on Sunday in Budapest. The 32-year-old Lacourt clocked 24.35 seconds with Junya Koga of Japan taking silver at 0.16 back and Matt Grevers of the USA ear
Published 31 Jul, 2017 12:00am
Paltrinieri retains men's 1500m freestyle world title

Paltrinieri retains men's 1500m freestyle world title

Olympic champion Gregorio Paltrinieri of Italy won the men's 1500m freestyle final at the world championships on Sunday to retain the title he won two years ago in Kazan. Paltrinieri clocked 14 minutes, 52.07 seconds with Ukraine's Mykhailo Romanchuk taki
Published 31 Jul, 2017 12:00am
China says will persist with crackdown on forex irregularities
Exchange

China says will persist with crackdown on forex irregularities

China will maintain a crack down on foreign exchange irregularities to ensure stability in the currency market and the broader economy, the country's forex regulator said on Friday, in a sign Beijing will continue to keep a tight leash on capital outflows
Published 31 Jul, 2017 12:00am
Russia's UCL Holding may list transport assets

Russia's UCL Holding may list transport assets

UCL Holding, which manages the transport assets of steel tycoon Vladimir Lisin, is considering stock market listings of its rail, shipping and stevedoring firms, Dmitry Lisin, Lisin's son, told Reuters. Initial public offerings (IPOs) are an option for Fr
Published 31 Jul, 2017 12:00am
Russia's UCL Holding may list transport assets

Russia's UCL Holding may list transport assets

UCL Holding, which manages the transport assets of steel tycoon Vladimir Lisin, is considering stock market listings of its rail, shipping and stevedoring firms, Dmitry Lisin, Lisin's son, told Reuters. Initial public offerings (IPOs) are an option for Fr
Published 31 Jul, 2017 12:00am
Investment focus: high-flying euro may run into rough weather

Investment focus: high-flying euro may run into rough weather

The euro is the year's best-performing major currency against the dollar, but a shrinking interest-rate advantage and the weight of the bets on the single currency are making a retreat ever more likely. The euro reached its highest point since January 201
Published 31 Jul, 2017 12:00am
China's money rates rise on month-end seasonal factors

China's money rates rise on month-end seasonal factors

China's primary money market rates were up slightly for the week driven by seasonal factors, despite the central bank's net injection of funds. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the
Published 31 Jul, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Sunday. 80.66-80.66 (previous 80.65-80.66).
Published 31 Jul, 2017 12:00am
Poor Q2 earnings dent Saudi Arabia index in weak region

Poor Q2 earnings dent Saudi Arabia index in weak region

Disappointing second-quarter results from large cap Saudi Arabian companies were the main drag on the local index on Sunday, while neighbouring bourses were mostly weak. The Riyadh index fell 0.8 percent as the largest petrochemical maker Saudi Basic Indu
Published 31 Jul, 2017 12:00am
With Czech central bank signaling hike, money market hesitates
Exchange

With Czech central bank signaling hike, money market hesitates

The Czech central bank is flagging the first interest rate hike in more than nine years in August or September, but large sections of the market don't believe it. The view has been that a firmer crown and loose European Central Bank policy will stay Pragu
Published 31 Jul, 2017 12:00am
Foreign rupee limit poses new threat to Indian high-yield bonds
Libor

Foreign rupee limit poses new threat to Indian high-yield bonds

Three years after stirring controversy, an offshore financing structure pioneered by Indian renewable energy producer Greenko Energy Holdings is now under threat as foreign investors near their quota limits on rupee bonds. Greenko last Monday sold $1 bill
Published 31 Jul, 2017 12:00am
Foreign rupee limit poses new threat to Indian high-yield bonds
Libor

Foreign rupee limit poses new threat to Indian high-yield bonds

Three years after stirring controversy, an offshore financing structure pioneered by Indian renewable energy producer Greenko Energy Holdings is now under threat as foreign investors near their quota limits on rupee bonds. Greenko last Monday sold $1 bill
Published 31 Jul, 2017 12:00am
UAE banks profit to grow about five percent in second-half

UAE banks profit to grow about five percent in second-half

Banks in the United Arab Emirates will post profit growth of around 5 percent in the second half of 2017, similar to the first six months as bad loans ease and lenders weather the Qatar crisis, the head of a local industry group said. Of the five major ba
Published 31 Jul, 2017 12:00am
Al Rajhi Bank's profits rise 6.3 percent

Al Rajhi Bank's profits rise 6.3 percent

Al Rajhi Bank, Saudi Arabia's second-largest bank by assets, on Monday reported a 6.3 percent rise in second-quarter net profit, meeting analysts' forecasts. The bank made 2.18 billion riyals ($581.3 million) in the three months to June 30, up from 2.05 b
Published 31 Jul, 2017 12:00am
Al Rajhi Bank's profits rise 6.3 percent

Al Rajhi Bank's profits rise 6.3 percent

Al Rajhi Bank, Saudi Arabia's second-largest bank by assets, on Monday reported a 6.3 percent rise in second-quarter net profit, meeting analysts' forecasts. The bank made 2.18 billion riyals ($581.3 million) in the three months to June 30, up from 2.05 b
Published 31 Jul, 2017 12:00am
Nakheel reports 22 percent decline in Q2 net profit

Nakheel reports 22 percent decline in Q2 net profit

Dubai developer Nakheel reported on Wednesday a 22 percent decline in second quarter net profit, according to Reuters calculations. Nakheel made a profit of 1.16 billion dirhams ($315.8 million) in the three months to June 30, compared to 1.48 billion dir
Published 31 Jul, 2017 12:00am
Nakheel reports 22 percent decline in Q2 net profit

Nakheel reports 22 percent decline in Q2 net profit

Dubai developer Nakheel reported on Wednesday a 22 percent decline in second quarter net profit, according to Reuters calculations. Nakheel made a profit of 1.16 billion dirhams ($315.8 million) in the three months to June 30, compared to 1.48 billion dir
Published 31 Jul, 2017 12:00am
Petronas drops massive natural gas project in Canada

Petronas drops massive natural gas project in Canada

Petronas said on Tuesday it was pulling out of its Can$36 billion ($28.8 billion US) liquefied natural gas exporting project on Canada's west coast long opposed by environmentalists and native rights activists. The Pacific NorthWest LNG project was greenl
Published 31 Jul, 2017 12:00am
Caterpillar smashes Wall Street's profit estimates

Caterpillar smashes Wall Street's profit estimates

Caterpillar Inc smashed Wall Street's profit estimates and raised its full-year forecast for the second time, driven by improving demand in China and a recovery in mining activity. Shares of the world's largest construction and mining equipment maker rose
Published 31 Jul, 2017 12:00am
Caterpillar smashes Wall Street's profit estimates

Caterpillar smashes Wall Street's profit estimates

Caterpillar Inc smashed Wall Street's profit estimates and raised its full-year forecast for the second time, driven by improving demand in China and a recovery in mining activity. Shares of the world's largest construction and mining equipment maker rose
Published 31 Jul, 2017 12:00am
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