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Print - 2017-09-11
Asim leaves for London

Asim leaves for London

Pakistan Peoples Party (PPP) leader Dr Asim Hussain on Sunday left for London from Karachi's Jinnah International Airport. The PPP leader and former petroleum minister has gone abroad for the sake of treatment. It is worth mentioning here that the Supreme
Published 11 Sep, 2017 12:00am
Saudi Arabia vows pressure on Qatar until demands met

Saudi Arabia vows pressure on Qatar until demands met

Saudi Arabia said Sunday it would keep pressuring Qatar until demands by a bloc of Arab states are met, dampening hopes for a US-mediated resolution to a diplomatic crisis. "We will continue to take action and we will maintain our position until Qatar res
Published 11 Sep, 2017 12:00am
Saudi Arabia vows pressure on Qatar until demands met

Saudi Arabia vows pressure on Qatar until demands met

Saudi Arabia said Sunday it would keep pressuring Qatar until demands by a bloc of Arab states are met, dampening hopes for a US-mediated resolution to a diplomatic crisis. "We will continue to take action and we will maintain our position until Qatar res
Published 11 Sep, 2017 12:00am
Russian strikes kill 34 civilians near Deir Ezzor city

Russian strikes kill 34 civilians near Deir Ezzor city

At least 34 civilians were killed on Sunday when Russian warplanes targeted ferries carrying them across the Euphrates River near Syria's eastern city of Deir Ezzor, a monitor said. The Britain-based Syrian Observatory for Human Rights monitor initially r
Published 11 Sep, 2017 12:00am
Russian strikes kill 34 civilians near Deir Ezzor city

Russian strikes kill 34 civilians near Deir Ezzor city

At least 34 civilians were killed on Sunday when Russian warplanes targeted ferries carrying them across the Euphrates River near Syria's eastern city of Deir Ezzor, a monitor said. The Britain-based Syrian Observatory for Human Rights monitor initially r
Published 11 Sep, 2017 12:00am
Banking, modern sciences: President for launching joint projects

Banking, modern sciences: President for launching joint projects

President Mamnoon Hussain Sunday proposed the members of the Organisations of the Islamic Cooperation Organisation (OIC) to launch multilateral joint projects in the fields of space technology, banking, astronomy, glaciology and water management. Addressi
Published 11 Sep, 2017 12:00am
Banking, modern sciences: President for launching joint projects

Banking, modern sciences: President for launching joint projects

President Mamnoon Hussain Sunday proposed the members of the Organisations of the Islamic Cooperation Organisation (OIC) to launch multilateral joint projects in the fields of space technology, banking, astronomy, glaciology and water management. Addressi
Published 11 Sep, 2017 12:00am
Banking, modern sciences: President for launching joint projects

Banking, modern sciences: President for launching joint projects

President Mamnoon Hussain Sunday proposed the members of the Organisations of the Islamic Cooperation Organisation (OIC) to launch multilateral joint projects in the fields of space technology, banking, astronomy, glaciology and water management. Addressi
Published 11 Sep, 2017 12:00am
Iraq replaces head of oil marketer SOMO

Iraq replaces head of oil marketer SOMO

Iraq has dismissed Falah al-Amri as head of oil marketer SOMO but he will remain the country''s Opec governor, the Iraqi oil ministry said on Sunday. A senior oil ministry official said the decision to replace Amri is part of a wider plan to appoint new m
Published 11 Sep, 2017 12:00am
Iraq replaces head of oil marketer SOMO

Iraq replaces head of oil marketer SOMO

Iraq has dismissed Falah al-Amri as head of oil marketer SOMO but he will remain the country's Opec governor, the Iraqi oil ministry said on Sunday. A senior oil ministry official said the decision to replace Amri is part of a wider plan to appoint new ma
Published 11 Sep, 2017 12:00am
Iraq replaces head of oil marketer SOMO

Iraq replaces head of oil marketer SOMO

Iraq has dismissed Falah al-Amri as head of oil marketer SOMO but he will remain the country's Opec governor, the Iraqi oil ministry said on Sunday. A senior oil ministry official said the decision to replace Amri is part of a wider plan to appoint new ma
Published 11 Sep, 2017 12:00am
PCP clarification

PCP clarification

This is with reference to a news item appearing in a section of print media ascribing to the Council and government that it is going to introduce repressive press laws in the country. It is clarified that the contents of the news story are incorrect and h
Published 11 Sep, 2017 12:00am
PCP clarification

PCP clarification

This is with reference to a news item appearing in a section of print media ascribing to the Council and government that it is going to introduce repressive press laws in the country. It is clarified that the contents of the news story are incorrect and h
Published 11 Sep, 2017 12:00am
Suicide bomber kills six in central Somalia

Suicide bomber kills six in central Somalia

At least 6 people died on Sunday after a suicide bomber blew himself up in a restaurant just outside a senior official's office in the central Somali city of Beledweyne, police and residents said. The al Qaeda-linked al Shabaab group said it was behind th
Published 11 Sep, 2017 12:00am
Apple out to renew iPhone frenzy at age 10

Apple out to renew iPhone frenzy at age 10

With Apple set to unveil its newest iPhones, a key question for the California tech giant is whether it can recapture the magic from its first release a decade ago. The keenly anticipated media event Tuesday will be the first in the Steve Jobs Theater at
Published 11 Sep, 2017 12:00am
Fire in Awami Markaz leaves 2 dead; offices gutted

Fire in Awami Markaz leaves 2 dead; offices gutted

Two persons lost their lives while records of China-Pakistan Economic Corridor (CPEC) Centre of Excellence was also gutted after fire erupted in Islamabad's six-storey Awami Markaz. However, a CPEC spokesperson said that the office of the economic corrido
Published 11 Sep, 2017 12:00am
Fire in Awami Markaz leaves 2 dead; offices gutted

Fire in Awami Markaz leaves 2 dead; offices gutted

Two persons lost their lives while records of China-Pakistan Economic Corridor (CPEC) Centre of Excellence was also gutted after fire erupted in Islamabad's six-storey Awami Markaz. However, a CPEC spokesperson said that the office of the economic corrido
Published 11 Sep, 2017 12:00am
Muslim nations condemn Myanmar's brutal acts

Muslim nations condemn Myanmar's brutal acts

The Organisation of Islamic Cooperation (OIC) on Sunday condemned Myanmar for "systematic brutal acts" against its Muslim Rohingya minority and asked it to accept international monitors. The United Nations says nearly 300,000 Rohingya refugees have arrive
Published 11 Sep, 2017 12:00am
Muslim nations condemn Myanmar's brutal acts

Muslim nations condemn Myanmar's brutal acts

The Organisation of Islamic Cooperation (OIC) on Sunday condemned Myanmar for "systematic brutal acts" against its Muslim Rohingya minority and asked it to accept international monitors. The United Nations says nearly 300,000 Rohingya refugees have arrive
Published 11 Sep, 2017 12:00am
Asif leaves for Iran today

Asif leaves for Iran today

After his successful trip to China in wake of US President Donald Trump's recent tough talk against Pakistan, Foreign Minister Khawaja Muhammad Asif leaves for Iran today (Monday) for consultations on the new American policy for Afghanistan and South Asia
Published 11 Sep, 2017 12:00am
Asif leaves for Iran today

Asif leaves for Iran today

After his successful trip to China in wake of US President Donald Trump's recent tough talk against Pakistan, Foreign Minister Khawaja Muhammad Asif leaves for Iran today (Monday) for consultations on the new American policy for Afghanistan and South Asia
Published 11 Sep, 2017 12:00am
Futures spread down by 232 basis points

Futures spread down by 232 basis points

The futures spread declined by 232bps to 2.72 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased to 29.5 percent to 46.64 million shares. The average daily trading value on f
Published 11 Sep, 2017 12:00am
Futures spread down by 232 basis points

Futures spread down by 232 basis points

The futures spread declined by 232bps to 2.72 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased to 29.5 percent to 46.64 million shares. The average daily trading value on f
Published 11 Sep, 2017 12:00am
Mixed trend witnessed
Exchange

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on September 08, 2017. BRIndex100 closed at 4,490.06 points up 27.00 points from last week''s closing of 4,463.06 points. BRIndex100 weekly volume stood at 499.840 million shares
Published 11 Sep, 2017 12:00am
Mixed trend witnessed
Exchange

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on September 08, 2017. BRIndex100 closed at 4,490.06 points up 27.00 points from last week's closing of 4,463.06 points. BRIndex100 weekly volume stood at 499.840 million shares.
Published 11 Sep, 2017 12:00am
Mixed trend witnessed
Exchange

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on September 08, 2017. BRIndex100 closed at 4,490.06 points up 27.00 points from last week's closing of 4,463.06 points. BRIndex100 weekly volume stood at 499.840 million shares.
Published 11 Sep, 2017 12:00am
Challenges to economy spelled out
Exchange

Challenges to economy spelled out

Finance Ministry has indicated that the country''s total public debt would rise above 60 percent from existing 59.3 percent as percentage of Gross Domestic Product (GDP) after adding figures of second quarter, well informed sources in Finance Ministry tol
Published 11 Sep, 2017 12:00am
Challenges to economy spelled out
Exchange

Challenges to economy spelled out

Finance Ministry has indicated that the country's total public debt would rise above 60 percent from existing 59.3 percent as percentage of Gross Domestic Product (GDP) after adding figures of second quarter, well informed sources in Finance Ministry told
Published 11 Sep, 2017 12:00am
Challenges to economy spelled out
Exchange

Challenges to economy spelled out

Finance Ministry has indicated that the country's total public debt would rise above 60 percent from existing 59.3 percent as percentage of Gross Domestic Product (GDP) after adding figures of second quarter, well informed sources in Finance Ministry told
Published 11 Sep, 2017 12:00am
THE RUPEE: stable trend

THE RUPEE: stable trend

The rupee managed to gain modestly against the dollar, whereas, the national currency, fell sharply versus the euro on the money market during the week, ended on September 9, 2017. Marketmen said that smooth supply of dollar helped the rates to recover mo
Published 11 Sep, 2017 12:00am
THE RUPEE: stable trend

THE RUPEE: stable trend

The rupee managed to gain modestly against the dollar, whereas, the national currency, fell sharply versus the euro on the money market during the week, ended on September 9, 2017. Marketmen said that smooth supply of dollar helped the rates to recover mo
Published 11 Sep, 2017 12:00am
North Korea warns US of 'greatest pain' over fresh sanctions

North Korea warns US of 'greatest pain' over fresh sanctions

North Korea warned on Monday it would inflict "the greatest pain and suffering" on the United States if Washington persists in pushing for harsher UN sanctions following Pyongyang's sixth nuclear test. The September 3 detonation was the country's largest
Published 11 Sep, 2017 12:00am
Irma batters Florida with high winds, rising floodwaters

Irma batters Florida with high winds, rising floodwaters

Hurricane Irma lost some strength as it pounded southern Florida on Sunday afternoon, but forecasts warned it would remain a powerful storm as it flooded Miami streets and knocked out power to about 2 million homes and businesses. All of southern Florida
Published 11 Sep, 2017 12:00am
Irma batters Florida with high winds, rising floodwaters

Irma batters Florida with high winds, rising floodwaters

Hurricane Irma lost some strength as it pounded southern Florida on Sunday afternoon, but forecasts warned it would remain a powerful storm as it flooded Miami streets and knocked out power to about 2 million homes and businesses. All of southern Florida
Published 11 Sep, 2017 12:00am
The Weather

The Weather

The weather report on Sunday (September 10, 2017) and the forecast for Monday (September 11, 2017).

Published 11 Sep, 2017 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (September 05 to 08, 2017).

Published 11 Sep, 2017 12:00am
Norwegians vote in closely contested parliamentary election

Norwegians vote in closely contested parliamentary election

Norwegians voted on Sunday in a parliamentary election whose outcome is too close to call, with opinion polls showing Prime Minister Erna Solberg's centre-right government and the opposition centre-left bloc running neck and neck. Solberg's Conservatives
Published 11 Sep, 2017 12:00am
Duterte says dictator Marcos is a hero

Duterte says dictator Marcos is a hero

Philippine President Rodrigo Duterte hailed late dictator Ferdinand Marcos as a hero for many Filipinos during a weekend of emotional celebrations by supporters of the former strongman ahead of his 100th birth anniversary on Monday. Duterte's latest remar
Published 11 Sep, 2017 12:00am
Nancy Hatch Dupree 'Grandmother of Afghanistan' dies in Kabul

Nancy Hatch Dupree 'Grandmother of Afghanistan' dies in Kabul

Nancy Hatch Dupree, a historian from the United States who helped set up the Afghanistan Centre at Kabul University, has died in the country whose culture she worked for more than five decades to preserve, the university said on Sunday. She was 89. Dupree
Published 11 Sep, 2017 12:00am
North Korea's 'reckless behaviour' requires global response: Nato

North Korea's 'reckless behaviour' requires global response: Nato

North Korea's "reckless behaviour" is a global threat and requires a global response, the head of the Nato military alliance said on Sunday. Nato has not been directly involved in the crisis, which saw Pyongyang carry out its sixth and most powerful nucle
Published 11 Sep, 2017 12:00am
One killed in bridge collapse in India

One killed in bridge collapse in India

At least one person was killed and several others injured when an under-construction flyover bridge collapsed on Sunday in eastern India, officials said. A portion of the bridge collapsed in Bhubaneswar, the capital of Odisha state where over a dozen work
Published 11 Sep, 2017 12:00am
Policeman kills his wife, kids in French train station

Policeman kills his wife, kids in French train station

A policeman shot his wife and two of his children, aged three and five, to death on the platform of a French train station on Sunday before taking his own life, authorities said. A family dispute drew police to the couple's home earlier in the day, when t
Published 11 Sep, 2017 12:00am
Merkel warns of consequences for EU asylum laggards

Merkel warns of consequences for EU asylum laggards

Countries that fail to take part in the quota scheme for assigning asylum seekers around the European Union could themselves be denied help in other areas, German Chancellor Angela Merkel said Sunday. "If there is no solidarity on migration, neither will
Published 11 Sep, 2017 12:00am
Clashes as anger brews over Indian schoolboy's sex attack murder

Clashes as anger brews over Indian schoolboy's sex attack murder

Hundreds of protesters clashed with police and burnt down a liquor store in an Indian city on Sunday over demands to shut a school where a seven-year-old was killed for resisting a staffer's sexual attack. Authorities said several people were injured. Dem
Published 11 Sep, 2017 12:00am
Merkel dismisses Ankara's German travel warning

Merkel dismisses Ankara's German travel warning

Chancellor Angela Merkel on Sunday dismissed a warning from the Turkish government against travel to Germany during its election season, stressing her country's commitment to "freedom of opinion and the rule of law". "I want to say very clearly here: any
Published 11 Sep, 2017 12:00am
Warming the Antarctic 1oC vastly changes seabed life

Warming the Antarctic 1oC vastly changes seabed life

Human-driven climate change may substantially alter the seabed ecosystem in the already fragile Antarctic, slashing the diversity of some species and allowing other populations to explode, researchers warned on Thursday. The findings of a field study desi
Published 11 Sep, 2017 12:00am
The cost of clean water: $150 billion a year, says World Bank

The cost of clean water: $150 billion a year, says World Bank

Countries need to quadruple spending to $150 billion a year to deliver universal safe water and sanitation, helping to reduce childhood disease and deaths while boosting economic growth, said the World Bank. Investments should be better coordinated and ta
Published 11 Sep, 2017 12:00am
The cost of clean water: $150 billion a year, says World Bank

The cost of clean water: $150 billion a year, says World Bank

Countries need to quadruple spending to $150 billion a year to deliver universal safe water and sanitation, helping to reduce childhood disease and deaths while boosting economic growth, said the World Bank. Investments should be better coordinated and ta
Published 11 Sep, 2017 12:00am
Human stem cells restore mobility in monkeys with Parkinson's symptoms

Human stem cells restore mobility in monkeys with Parkinson's symptoms

Lab monkeys with Parkinson's symptoms regained significant mobility after neurons made from human stem cells were inserted into their brains, researchers reported Wednesday in a study hailed as "groundbreaking". The promising results were presented as the
Published 11 Sep, 2017 12:00am
Treating insomnia can ease depression, paranoia

Treating insomnia can ease depression, paranoia

Treating young people who suffer from insomnia by using online cognitive behavioural therapy (CBT) could reduce debilitating mental health problems such as anxiety and depression, scientists said on Wednesday. In a large trial published in The Lancet Psyc
Published 11 Sep, 2017 12:00am
Pacific corals in 'worrying' state: researchers

Pacific corals in 'worrying' state: researchers

A survey of Pacific corals has found many severely bleached, some near-dead, according to marine researchers who warned on Wednesday that global warming threatened the precious ecosystem's very survival. An in-depth probe along a 50,000-kilometre (31,000-
Published 11 Sep, 2017 12:00am
Asia must lead charge for pollution-free planet: UN environment head

Asia must lead charge for pollution-free planet: UN environment head

Asia-Pacific - home to more than half the world's population and some of its fastest-growing economies - is a key battleground in the fight against pollution, one of the biggest threats to the planet and its people, the UN environment chief said.
Published 11 Sep, 2017 12:00am
High-def TVs rule the roost at Berlin's IFA

High-def TVs rule the roost at Berlin's IFA

No-one wants to watch Game of Thrones' bloody fantasy battles on a tiny tablet screen, which is just one reason why cheaper, bigger, higher-definition televisions are the stars of this year's IFA electronics fair in Berlin. Rather than just fantasise when
Published 11 Sep, 2017 12:00am
Top trends at IFA 2017

Top trends at IFA 2017

With just a few months to go until the high-tech spending bonanza of the Christmas season, Berlin's IFA trade fair is the place to spot the trends that will mark high streets this year. Here are a few of them:
Published 11 Sep, 2017 12:00am
Ask and you shall receive in world of voice shopping

Ask and you shall receive in world of voice shopping

Ordering pizza from the sofa without lifting a finger has joined the list of modern-day conveniences thanks to a hot trend in voice-commanded smart speakers. Amazon, Apple and Google are duking it out with devices designed to sit out of sight in homes, aw
Published 11 Sep, 2017 12:00am
China's Huawei unveils mobile AI assistant

China's Huawei unveils mobile AI assistant

Chinese electronics giant Huawei on Saturday unveiled its first mobile personal assistant with artificial intelligence in Berlin, in hopes it will rival the dominance of Samsung's Bixby and Apple's Siri. "Smartphones are smart but they are not intelligent
Published 11 Sep, 2017 12:00am
The most eye-catching inventions at IFA

The most eye-catching inventions at IFA

Europe's biggest electronics show IFA is in full swing in Berlin, and alongside the familiar televisions and smartphones its aisles are bursting with gadgets on the stranger side. Here's a look at some of the most eye-catching inventions: Long the provinc
Published 11 Sep, 2017 12:00am
Apple sets likely iPhone event for September 12

Apple sets likely iPhone event for September 12

Apple sent out invitations Thursday to a September 12 media event at which the US tech giant is expected to unveil new iPhone models for the 10th anniversary of the culture-changing smartphones. The keenly anticipated event will be the first to take place
Published 11 Sep, 2017 12:00am
Windows 10 update set for October release

Windows 10 update set for October release

Microsoft on Friday announced that a major update to its Windows operating system will be released globally on October 17. Release of Windows 10 "Fall Creators Update" will come the same day that Windows Mixed Reality headsets powered by the software hits
Published 11 Sep, 2017 12:00am
Nordex to cut one in ten jobs on sector slump

Nordex to cut one in ten jobs on sector slump

Germany's Nordex said it would cut one in 10 jobs to compensate a drop in orders in its core market, Europe, where cuts in government subsidies for wind farms have curbed demand and put pressure on turbine makers. The move is aimed at restoring investor c
Published 11 Sep, 2017 12:00am
Amazon seeks bids for HQ2, to invest $5 billion

Amazon seeks bids for HQ2, to invest $5 billion

US online giant Amazon announced plans on Thursday for a second North American headquarters, calling on cities to submit proposals for a new hub in which it will invest more than $5 billion. The second headquarters, to be called HQ2, will be "a full equal
Published 11 Sep, 2017 12:00am
Amazon seeks bids for HQ2, to invest $5 billion

Amazon seeks bids for HQ2, to invest $5 billion

US online giant Amazon announced plans on Thursday for a second North American headquarters, calling on cities to submit proposals for a new hub in which it will invest more than $5 billion. The second headquarters, to be called HQ2, will be "a full equal
Published 11 Sep, 2017 12:00am
Scotiabank quarterly earnings beat market expectations

Scotiabank quarterly earnings beat market expectations

Bank of Nova Scotia, Canada's third-biggest lender, reported stronger than expected third-quarter results, driven by a robust performance from its domestic and international operations. The bank said on Tuesday that earnings per share increased to C$1.66
Published 11 Sep, 2017 12:00am
J.P Morgan overtakes BAML as lead FTSE 100 adviser

J.P Morgan overtakes BAML as lead FTSE 100 adviser

J.P. Morgan has reclaimed its crown as the most popular stockbroker for Britain's biggest firms after leapfrogging rival Bank of America Merrill Lynch. But it was not all good news for J.P. Morgan - it lost its top position as the most popular stockbroker
Published 11 Sep, 2017 12:00am
J.P Morgan overtakes BAML as lead FTSE 100 adviser

J.P Morgan overtakes BAML as lead FTSE 100 adviser

J.P. Morgan has reclaimed its crown as the most popular stockbroker for Britain's biggest firms after leapfrogging rival Bank of America Merrill Lynch. But it was not all good news for J.P. Morgan - it lost its top position as the most popular stockbroker
Published 11 Sep, 2017 12:00am
Codelco posts solid first half-profit despite slumping production

Codelco posts solid first half-profit despite slumping production

Chilean state copper company Codelco produced less copper in the first half of 2017 than it did in the same period a year ago but made a healthy profit as prices for the metal have improved significantly in recent months. The company said on Tuesday it pr
Published 11 Sep, 2017 12:00am
Lloyds bank tops complaints league in Britain

Lloyds bank tops complaints league in Britain

Complaints about banks and insurers in Britain rose in the first half of 2017 with the figures still dominated by loan insurance as a compensation deadline for mis-selling is publicised, the Financial Ombudsman Service said on Tuesday. Complaints in Janua
Published 11 Sep, 2017 12:00am
Egypt may reject French wheat as tough inspections rattle trade

Egypt may reject French wheat as tough inspections rattle trade

Egypt is considering rejecting 59,000 tonnes of French wheat purchased by state grain buyer GASC due to the presence of poppy seeds, the second cargo to come under such scrutiny and raising fresh uncertainty over the country's import policy. The world's b
Published 11 Sep, 2017 12:00am
Bahrain tightens Islamic finance rules

Bahrain tightens Islamic finance rules

Bahrain is tightening its rules for Islamic banks by requiring all of them to undergo independent, external audits to certify they are following Muslim laws known as Shariah. The move, announced by the central bank on Sunday, could make Bahrain among the
Published 11 Sep, 2017 12:00am
Egypt inflation dips in August from record highs

Egypt inflation dips in August from record highs

Egypt's key inflation indicators dropped in August from the multi-decade highs they reached in July, when energy prices were raised as part of International Monetary Fund-backed reforms. Annual urban consumer price inflation dipped to 31.9 percent year-on
Published 11 Sep, 2017 12:00am
Tsipras boasts turning Grexit to 'Grinvest'

Tsipras boasts turning Grexit to 'Grinvest'

Greek Prime Minister Alexis Tsipras said on Saturday that the country's Grexit status had changed and it was now attracting investors in droves. "In 2016, direct foreign investments were the highest in the last 10 years and in 2017 further improvement is
Published 11 Sep, 2017 12:00am
Post-industrial Pittsburgh to host America's largest urban farm

Post-industrial Pittsburgh to host America's largest urban farm

The US city of Pittsburgh, once a dynamo of heavy industry, will soon become home to the country's largest urban farm, part of what advocates say is a trend to transform former manufacturing cities into green gardens. The Hilltop Urban Farm will open in 2
Published 11 Sep, 2017 12:00am
Rosneft to ship record 40 million tonnes of oil to China in 2017

Rosneft to ship record 40 million tonnes of oil to China in 2017

Russia's top oil producer Rosneft plans to export a record 40 million tonnes of crude oil to China this year, Chief Executive Igor Sechin was quoted as saying on Sunday. Rosneft said previously it planned to ship 31 million tonnes of crude to China this y
Published 11 Sep, 2017 12:00am
Iran to raise oil production to 4.5 million bpd within five years

Iran to raise oil production to 4.5 million bpd within five years

Iran will reach an oil production rate of 4.5 million barrels per day (bpd) within five years, said Ali Kardor, the managing director of the National Iranian Oil Company (NIOC) on Sunday according to the oil ministry news site SHANA. Iran has been produci
Published 11 Sep, 2017 12:00am
Bangladesh exports up 10.7 percent in August
Exchange

Bangladesh exports up 10.7 percent in August

Bangladesh's exports in August rose 10.7 percent from a year earlier to $3.6 billion, driven by stronger garment sales, official data showed on Sunday. Garments are a key foreign-exchange earner for the South Asian nation, whose low wages and duty-free ac
Published 11 Sep, 2017 12:00am
India renegotiates LNG deal with Exxon

India renegotiates LNG deal with Exxon

India has renegotiated the pricing of liquefied natural gas (LNG) imported from Australia's Gorgon project to make the imported fuel affordable to price-sensitive domestic customers, Indian oil minister Dharmendra Pradhan said on Saturday. India has been
Published 11 Sep, 2017 12:00am
Modi, Abe to kick-start India's first bullet train project

Modi, Abe to kick-start India's first bullet train project

Indian Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe will break ground on India's first bullet train project on Thursday in western Gujarat state, as the country seeks faster travel for millions. Modi has pledged to invest billions
Published 11 Sep, 2017 12:00am
Tanzania seizes diamonds from British mining company

Tanzania seizes diamonds from British mining company

The Tanzanian government said Sunday it had confiscated diamonds worth nearly $30 million after accusing British company Petra Diamonds of having declared a lower value when trying to export the gems. Speaking on government television channel TBC 1, Finan
Published 11 Sep, 2017 12:00am
Europe's bank regulators on expensive hiring spree before Brexit

Europe's bank regulators on expensive hiring spree before Brexit

Europe's regulators are competing to hire risk specialists to prepare for an influx of banks escaping Brexit, nudging up salaries and stretching staff budgets. Wall Street giants Goldman Sachs, Citigroup and Morgan Stanley, which have big operations in Lo
Published 11 Sep, 2017 12:00am
UK funds raise equity exposure to 18-month high

UK funds raise equity exposure to 18-month high

British investors ramped up holdings of equities in August to levels not seen since December 2015 and cut cash to at least five-year lows, betting that easy money policies will continue. Reuters' monthly poll of 14 UK-based asset managers was carried out
Published 11 Sep, 2017 12:00am
UK funds raise equity exposure to 18-month high

UK funds raise equity exposure to 18-month high

British investors ramped up holdings of equities in August to levels not seen since December 2015 and cut cash to at least five-year lows, betting that easy money policies will continue. Reuters' monthly poll of 14 UK-based asset managers was carried out
Published 11 Sep, 2017 12:00am
Petchems and banks support Saudi index, Qatar weakens

Petchems and banks support Saudi index, Qatar weakens

Stock markets in the Middle East were mixed in narrow ranges on Sunday, with banks and petrochemicals supporting Saudi Arabia while Qatar edged down to a fresh 18-month closing low. The Saudi index rose 0.2 percent. All but two of the 14 listed petrochemi
Published 11 Sep, 2017 12:00am
Italy's dual currency schemes may be long road to euro exit

Italy's dual currency schemes may be long road to euro exit

Italy's main opposition parties are replacing their calls to leave the euro with apparently less radical proposals to flank it with a new currency they say can boost growth and jobs. Yet if any of their schemes are adopted with success they may convince m
Published 11 Sep, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 80.70-80.70 (previous 80.70-80.70).
Published 11 Sep, 2017 12:00am
Investors defend hedge funds amid rush to passive and private strategies

Investors defend hedge funds amid rush to passive and private strategies

Some big money investors are warning that the rush to cheap stock bets and private asset strategies at the expense of hedge funds may prove costly. "As those trends run their course, it will open up better opportunities for active equity investors," Eric
Published 11 Sep, 2017 12:00am
Investors defend hedge funds amid rush to passive and private strategies

Investors defend hedge funds amid rush to passive and private strategies

Some big money investors are warning that the rush to cheap stock bets and private asset strategies at the expense of hedge funds may prove costly. "As those trends run their course, it will open up better opportunities for active equity investors," Eric
Published 11 Sep, 2017 12:00am
India recall pacemen Umesh and Shami for Australia ODIs

India recall pacemen Umesh and Shami for Australia ODIs

India have recalled fast bowlers Mohammed Shami and Umesh Yadav for the first three one-day internationals against Australia while they continue to rest their frontline spinners. Yadav and Shami were part of the test squad which blanked Sri Lanka 3-0 but
Published 11 Sep, 2017 12:00am
Maaz Akhtar wins best swimmer trophy in Inter-School contest

Maaz Akhtar wins best swimmer trophy in Inter-School contest

Promising upcoming swimmer Maaz Akhtar clinched the trophy of the best swimmer of the National Inter-School Championship held in Lahore recently. Son of swimming coach Salim Akhtar, Maad proved his talent in very tin age and recorded victories in various
Published 11 Sep, 2017 12:00am
KP Junior Age Group Squash enters into semis stage

KP Junior Age Group Squash enters into semis stage

Khyber Pakhtunkhwa Junior Age Group Defence Day Squash Championship at PAF Hashim Khan Squash Complex entered into the semi-finals stages with all top seed in four different age group categories secured victories against their respective rivals on Sunday.
Published 11 Sep, 2017 12:00am
Farah wins Great North Run, announces London Marathon bid

Farah wins Great North Run, announces London Marathon bid

Britain's Mo Farah announced he will compete in the 2018 London Marathon after winning the Great North Run for a record-breaking fourth successive year on Sunday. It will be Farah's third London Marathon after he took part in the event in 2013 and 2014.
Published 11 Sep, 2017 12:00am
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