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Print - 2017-11-24
Twin saves brother's skin in transplant first

Twin saves brother's skin in transplant first

A man who had suffered burns over 95 percent of his body, putting him on the verge of death, was saved by a skin transplant from his identical twin in a world-first operation, French doctors said Thursday. The 33-year-old man, identified only as Franck, r
Published 24 Nov, 2017 12:00am
India outraged at release of Hafiz Saeed

India outraged at release of Hafiz Saeed

India said Thursday it was outraged at Pakistan's release of Hafiz Saeed accused of organising the 2008 deadly Mumbai attacks that nearly brought the nuclear-armed nations to the brink of war. The Lahore High Court review board on Wednesday ordered the re
Published 24 Nov, 2017 12:00am
India outraged at release of Hafiz Saeed

India outraged at release of Hafiz Saeed

India said Thursday it was outraged at Pakistan's release of Hafiz Saeed accused of organising the 2008 deadly Mumbai attacks that nearly brought the nuclear-armed nations to the brink of war. The Lahore High Court review board on Wednesday ordered the re
Published 24 Nov, 2017 12:00am
Army officer arrested for Indian journalist's murder

Army officer arrested for Indian journalist's murder

Indian police have arrested a senior army officer for the murder of a journalist shot dead while investigating allegations of financial fraud against him. Reporter Sudip Dutta Bhaumik was allegedly killed by a junior officer when he went to a paramilitary
Published 24 Nov, 2017 12:00am
Army officer arrested for Indian journalist's murder

Army officer arrested for Indian journalist's murder

Indian police have arrested a senior army officer for the murder of a journalist shot dead while investigating allegations of financial fraud against him. Reporter Sudip Dutta Bhaumik was allegedly killed by a junior officer when he went to a paramilitary
Published 24 Nov, 2017 12:00am
Real estate sector: NA body suggests FBR to remove upper limit cap

Real estate sector: NA body suggests FBR to remove upper limit cap

The National Assembly's Standing Committee on Finance has recommended the Federal Board of Revenue (FBR) to remove the upper limit cap imposed by the FBR on real estate sector to encourage declaration of actual price of the land during real estate transac
Published 24 Nov, 2017 12:00am
Real estate sector: NA body suggests FBR to remove upper limit cap

Real estate sector: NA body suggests FBR to remove upper limit cap

The National Assembly's Standing Committee on Finance has recommended the Federal Board of Revenue (FBR) to remove the upper limit cap imposed by the FBR on real estate sector to encourage declaration of actual price of the land during real estate transac
Published 24 Nov, 2017 12:00am
Real estate sector: NA body suggests FBR to remove upper limit cap

Real estate sector: NA body suggests FBR to remove upper limit cap

The National Assembly''s Standing Committee on Finance has recommended the Federal Board of Revenue (FBR) to remove the upper limit cap imposed by the FBR on real estate sector to encourage declaration of actual price of the land during real estate transa
Published 24 Nov, 2017 12:00am
PSX enjoys a sound footing: SECP chief
Exchange

PSX enjoys a sound footing: SECP chief

The Chairman of Securities and Exchange Commission of Pakistan (SECP) Zafar Abdullah Thursday said that Pakistan Stock Exchange (PSX) enjoys a sound footing and in case of a growth in the market it will be a success both for the stakeholders and the SECP.
Published 24 Nov, 2017 12:00am
PSX enjoys a sound footing: SECP chief
Exchange

PSX enjoys a sound footing: SECP chief

The Chairman of Securities and Exchange Commission of Pakistan (SECP) Zafar Abdullah Thursday said that Pakistan Stock Exchange (PSX) enjoys a sound footing and in case of a growth in the market it will be a success both for the stakeholders and the SECP.
Published 24 Nov, 2017 12:00am
PSX enjoys a sound footing: SECP chief
Exchange

PSX enjoys a sound footing: SECP chief

The Chairman of Securities and Exchange Commission of Pakistan (SECP) Zafar Abdullah Thursday said that Pakistan Stock Exchange (PSX) enjoys a sound footing and in case of a growth in the market it will be a success both for the stakeholders and the SECP.
Published 24 Nov, 2017 12:00am
Woeful C/A deficit
Exchange

Woeful C/A deficit

It is clear that the country is heading towards a serious balance of payments crisis. According to the latest data released by the State Bank on 20th November, 2017, Pakistan's current account (C/A) deficit has posted a huge deficit of dollar 5.013 billio
Published 24 Nov, 2017 12:00am
Where are we heading?

Where are we heading?

The accountability court hearing Finance Minister Ishaq Dar's case regarding possession of assets beyond known sources of income has rejected his counsel's plea to be exempted from appearance on medical grounds. This order followed the counsel's submissio
Published 24 Nov, 2017 12:00am
Perjury and disqualification - I

Perjury and disqualification - I

Offshore companies are used for legitimate reasons. It may be used for illegitimate reasons-Wolf in sheep's clothing: Common abuses of offshore jurisdictions by Mikhail Lastovsky in GRC & Fraud Software Journal
Published 24 Nov, 2017 12:00am
Corruption without borders

Corruption without borders

The Nawaz Sharif episode shows that pervasive corruption has not only acquired respectability in a perverse manner in Pakistan but left to the National Assembly (NA), may even acquire legality. Political instability, poverty, unequal structure of society,
Updated 24 Nov, 2017 08:52am
Responsible governance?

Responsible governance?

Finally, Prime Minister Shahid Khaqan Abbasi has accepted, albeit reluctantly, Finance Minister Ishaq Dar's request to be relieved of his duties. Dar had arrived in London around a month ago and has been seeking treatment at a Harley Street hospital. He h
Published 24 Nov, 2017 12:00am
Importance of women entrepreneurs highlighted

Importance of women entrepreneurs highlighted

A seminar on 'Importance of Female Entrepreneurship in Pakistan' hosted by Islamabad College of Home Economics and Management Sciences and Islamabad Model College for Girls, F-7/2, was held here Thursday. Conducting the seminar, CEO of Vector Partners (Pv
Published 24 Nov, 2017 12:00am
Zardari declines meeting with Nawaz

Zardari declines meeting with Nawaz

Pakistan People's Party co-chairman Asif Ali Zardari has once again refused to meet former prime minister Nawaz Sharif. The sources said that Zardari once again rejected the possibility of any contact with Nawaz Sharif because he believed the ex-PM "only
Published 24 Nov, 2017 12:00am
PSX holiday
Exchange

PSX holiday

Pakistan Stock Exchange (PSX) will remain closed on December 01, 2017 being public holiday declared by the federal government on the occasion of Eid Milad-un-Nabi (SAW). This was announced by the PSX in its notice send to all TRE Certificate Holders and o
Published 24 Nov, 2017 12:00am
Two OGSC officials held

Two OGSC officials held

The Federal Investigation Agency (FIA) arrested two foreigners serving in Oil and Gas Survey Company (OGSC) for submitting fake corporate guarantee. Director FIA, Ameer Sheikh said the detained foreigners included Country and Deputy Country Manager of OGS
Published 24 Nov, 2017 12:00am
Eight welfare schools set up in Lahore: Punjab Assembly told

Eight welfare schools set up in Lahore: Punjab Assembly told

Punjab Assembly session here Thursday chaired by Speaker Rana Muhammad Iqbal held a queries and answers session on 'Labour and Human Resource' and 'Finance Departments'. Parliamentary secretaries of both the departments answered queries. In the session 'D
Published 24 Nov, 2017 12:00am
Arrangements for Eid-Milad reviewed

Arrangements for Eid-Milad reviewed

Additional Deputy Commissioner-I Muhammad Usman Tanvir chaired a meeting with the officers of line departments and religious leaders of various sects to review the arrangements for Eid-Milad-un-Nabi (SAW). Chairing the meeting, he discussed various arrang
Published 24 Nov, 2017 12:00am
Corruption permeates every department: SC

Corruption permeates every department: SC

Supreme Court Thursday observed that corruption has permeated every department so initiation of proceedings against one or two persons would not be a long-term solution but the monster of corruption must be dumped once for all. A two-member bench led by J
Published 24 Nov, 2017 12:00am
Four killed in road mishap

Four killed in road mishap

At least four people were killed in a road accident at the National Highway in Khando area of Hala near Hyderabad on Wednesday night. According to eye-witnesses and police, a speeding car crushed two real brothers, 25-year-old Sadiq Brohi and 11-year-old
Published 24 Nov, 2017 12:00am
Meezan Bank recognized as 'PMO of the Year'

Meezan Bank recognized as 'PMO of the Year'

Meezan Bank has been recognized as 'PMO of the Year' in the PMI KPC Professional Awards 2017, held by the Project Management Institute Karachi Pakistan Chapter. Meezan Bank has been recognized under the category of Project Management Awards for Corporate
Published 24 Nov, 2017 12:00am
Ahsan vows not to accept any unlawful demand of TLYRA

Ahsan vows not to accept any unlawful demand of TLYRA

Interior Minister Ahsan Iqbal Thursday made it clear that the government would not accept any illegal demand of Tehreek Labbaik Ya Rasool Allah (TLYRA) and will make a significant announcement about sit-in by tomorrow (Friday). Talking to reporters, Iqbal
Published 24 Nov, 2017 12:00am
Promotion of SMEs, microfinance: Stakeholders urged to play active role

Promotion of SMEs, microfinance: Stakeholders urged to play active role

Speakers at a seminar have urged all the stakeholders to play an active role to promote small and medium enterprises (SMEs) and microfinance, which are key to sustainable and inclusive economic growth. Speaking at the 11th Pakistan Microfinance & SME Foru
Published 24 Nov, 2017 12:00am
7,230,000 sticks of illicit cigarettes seized during raids

7,230,000 sticks of illicit cigarettes seized during raids

The Tobacco Squad of Regional Tax Office-II, Lahore, has conducted two successful raids and seized 7,230,000 sticks of illicit cigarettes from Sheikhupura. Sources told Business Recorder that the newly-established Tobacco Squad gathered information
Published 24 Nov, 2017 12:00am
PCHS official arrested

PCHS official arrested

NAB Karachi on Thursday arrested Mohammad Iqbal, who is nominated in a reference filed against the management of Punjab Cooperative Housing Society (PCHS) Ltd Karachi. According to details, some 33 accused were charged of illegal allotments of plots by de
Published 24 Nov, 2017 12:00am
Forex reserves up by $16 million
Exchange

Forex reserves up by $16 million

The country's liquid foreign exchange reserves rose by $16 million during last week. According to the State Bank of Pakistan (SBP) weekly report issued Thursday, Pakistan's total liquid foreign exchange reserves surged to $19.711 billion as on November 17
Published 24 Nov, 2017 12:00am
Steps taken to make Potohar an 'olive valley'

Steps taken to make Potohar an 'olive valley'

Punjab Agriculture department has launched a five year well-knitted plan for making Potohar region an olive valley. Under the plan government will provide free of cost 20 lakh plants to selected farmers in Rawalpindi, Chakwal, Jhelum, Attock, and Khushab
Published 24 Nov, 2017 12:00am
Murad to raise Sindh's gas issue at CCI's meeting today

Murad to raise Sindh's gas issue at CCI's meeting today

Sindh Chief Minister Syed Murad Ali Shah has said that Sindh produces 2,800 mmcfd gas, of which, more than 1000 mmcfd is supplied to other provinces while industrial areas of Sindh suffer due to load-shedding, and it also causes heavy financial losses to
Published 24 Nov, 2017 12:00am
Lahore outperforms other districts in fight against dengue

Lahore outperforms other districts in fight against dengue

The District Administration Lahore has outperformed other districts of Punjab in a fight against dengue as its anti-dengue teams have showed a remarkable performance of carrying out maximum surveillances of dengue hotspots. Individual districts had identi
Published 24 Nov, 2017 12:00am
Bar member approaches LHC against Maryam

Bar member approaches LHC against Maryam

A bar member has approached the Lahore High Court against Maryam Nawaz praying to initiate contempt of court proceedings for her outrageous statements against judges. The petitioner Azhar Saddique through a civil miscellaneous application moved in a pendi
Published 24 Nov, 2017 12:00am
PTI asks Dar to face money laundering cases boldly

PTI asks Dar to face money laundering cases boldly

Pakistan Tehreek-e-Insaf (PTI) on Thursday called upon Finance Minister Ishaq Dar to come back and face money laundering cases filed against him in accountability court instead of taking refuge abroad under the pretext of illness. A meeting of the party s
Published 24 Nov, 2017 12:00am
PIAF welcomes surge in FDI

PIAF welcomes surge in FDI

The Pakistan Industrial and Traders Associations Front (PIAF) has welcomed the flow in foreign direct investment (FDI) which has increased by around 74 percent in the first four months of this fiscal year with Chinese inflows remaining dominant in total f
Published 24 Nov, 2017 12:00am
Senators push for proper checks before selling prepaid SIM cards

Senators push for proper checks before selling prepaid SIM cards

Senators have pushed for proper checks before sale of prepaid subscriber identity modules (SIM) cards, saying this would help secure the country. These observations were made Thursday during meeting of the Senate Standing Committee on Information Technolo
Published 24 Nov, 2017 12:00am
Punjab PDWP approves Rs 11.8 billion for LGD package

Punjab PDWP approves Rs 11.8 billion for LGD package

The Punjab Provincial Development Working Party has approved Rs 11.8 billion for Local Government Development (LGD) package to provide safer, cleaner and healthier environment to the citizens and respond to the specific needs of the cities and rural areas
Published 24 Nov, 2017 12:00am
FPCCI holds event on Iqbal

FPCCI holds event on Iqbal

Speakers at a seminar on Thursday said that Pakistan cannot be recognized as a true Islamic welfare state unless the vision of national poet and great philosopher Dr Allama Muhammad Iqbal is not achieved. The seminar, organized by the FPCCI, was held at F
Published 24 Nov, 2017 12:00am
Sindh tells centre no wheat procurement if export not allowed

Sindh tells centre no wheat procurement if export not allowed

The Sindh government on Thursday made it clear to the federal government that the province would not procure wheat if the latter didn't permit the commodity's export and announce fresh support price. "Existing stockpile of 0.7 million tons of wheat restra
Published 24 Nov, 2017 12:00am
CFO Digicom Trading held after bail's rejection

CFO Digicom Trading held after bail's rejection

Directorate Intelligence and Investigation (DI&I), FBR Karachi on Thursday claimed to have arrested CFO Digicom Trading (Pvt) Ltd after his bail rejection from the Customs Court. According to official sources, Babar Sultan, CFO Digicom Trading (Pvt) Ltd.
Published 24 Nov, 2017 12:00am
Malaysia partakes in Pakistan Travel Mart inaugural

Malaysia partakes in Pakistan Travel Mart inaugural

Malaysia is taking part in the inaugural of Pakistan Travel Mart from 24 to 26 November at the Karachi Expo Centre. A total of 19 Malaysian organisations will be stationed under the Malaysia Pavilion, comprising of travel agents, tourism product owners, h
Published 24 Nov, 2017 12:00am
Exporters urge government to lift ban on onion export
Exchange

Exporters urge government to lift ban on onion export

Exporters have urged the federal government to lift ban on export of onion to avoid massive losses to growers. Asif Ahmed, Vice Chairman, Market Committee said that this year Sindh has achieved a bumper onion crop and some 15-20 percent crop is surplus ag
Published 24 Nov, 2017 12:00am
LPG distributors to observe strike on December 09

LPG distributors to observe strike on December 09

The LPG Distributors Association announced on Thursday that it will reject any levy including premium bonus, signature bonus and regulatory duty on LPG and will go on a one-day shutters-down strike on December 9 across the country.
Published 24 Nov, 2017 12:00am
Mercury dips to-9°C in Skardu

Mercury dips to-9°C in Skardu

Temperature plunged to -09 °C in Skardu, as cold started foresting the country's up northern parts in the last 24 hours, the Met Office said on Thursday. Mercury dipped to -06 °C in Gilgit, -05 °C each, in Kalat, Astore and Kalam and -04 °C in Gupis over
Published 24 Nov, 2017 12:00am
Dr Asim to leave for UK today

Dr Asim to leave for UK today

Former federal minister and Pakistan Peoples' Party (PPP) Karachi president Dr Asim Hussain will today (Friday) leave for Britain for medical treatment. The Supreme Court of Pakistan (SC) has allowed the former federal minister to travel abroad for medica
Published 24 Nov, 2017 12:00am
KCCI slams K-E for not passing relief to consumers

KCCI slams K-E for not passing relief to consumers

Over Rs 17 billion are reported to have been accumulated under the claw-back formula but the relief was never passed on to the electricity consumers as K-Electric has taken a stay order from the court against it, according to a report of Research & Develo
Published 24 Nov, 2017 12:00am
KCR project to help reduce congestion on city roads: Wang Yu

KCR project to help reduce congestion on city roads: Wang Yu

The leader of a 30-member high-level delegation of Chinese companies, Wang Yu, has given the assurance that the KCR project will benefit the Sindh province and also reduced the congestion of Karachiites. Speaking at a meeting with Sindh Minister for Trans
Published 24 Nov, 2017 12:00am
Shariah-compliant trading counter at PSX approved
Exchange

Shariah-compliant trading counter at PSX approved

The Shariah Advisory Board (SAB) of the SECP in its ninth meeting reviewed the proposal of Shariah-compliant trading counter submitted by Pakistan Stock Exchange. The main distinctive feature of the proposal is to convert the T+2 settlement into T+0 settl
Published 24 Nov, 2017 12:00am
Executive VP Shell Energy calls on Minister of State

Executive VP Shell Energy calls on Minister of State

Executive Vice President Shell Energy, Steve Hill called on Minister of State (MoS) for Petroleum & Natural Resources, Jam Kamal Khan, here on Thursday. A delegation from Shell comprising EVP Energy Steve Hill, VP Energy Ajay Shah and country Chairman Pak
Published 24 Nov, 2017 12:00am
Moot highlights importance of Persian language
Exchange

Moot highlights importance of Persian language

Minister for Federal Education and Professional Training, Engineer Baligh-ur-Rehman has said that learning multiple languages casts positive impact on critical and analytical thinking and enriches the canvas of thought. Rehman said this while speaking at
Published 24 Nov, 2017 12:00am
Parliament to take up 24th Constitutional Amendment Bill on Monday

Parliament to take up 24th Constitutional Amendment Bill on Monday

The Upper House of Parliament will take up the 24th Constitutional Amendment Bill on Monday as it is not included in the order of day for today (Friday) after the government failed to break deadlock on it. The sources said that Prime Minister Shahid Khaqa
Published 24 Nov, 2017 12:00am
PM assures implementation of Fata reforms

PM assures implementation of Fata reforms

Minister of State for States and Frontier Regions, Ghalib Khan accompanied by MNA from Fata Haji Shah Jee Gul Afridi called on Prime Minister Shahid Khaqan Abbasi here on Thursday. During the meeting Fata reforms and other issues related to the tribal are
Published 24 Nov, 2017 12:00am
Tax returns: SECP directs cos to inform registrar
Exchange

Tax returns: SECP directs cos to inform registrar

The Securities and Exchange Commission of Pakistan (SECP) has directed companies, other than a single member company or a private company having paid up capital up to Rs 3 million, to inform about no change of particulars in the last annual return filed w
Published 24 Nov, 2017 12:00am
Major terror bid foiled in Charsadda

Major terror bid foiled in Charsadda

The police foiled a major terror bid, arrested five terrorists with explosives, ammunition and other material here on Thursday. According to reports, the police on a tip-off conducted operation near Subhan Morr in tehsil Shabqadar of Charsadda district. D
Published 24 Nov, 2017 12:00am
PIA fails to deposit Rs 6 billion FED

PIA fails to deposit Rs 6 billion FED

Pakistan International Airlines (PIA) is reportedly defaulter of Federal Board of Revenue (FBR) for not depositing Rs 6 billion as Federal Excise Duty deducted from employees' salaries. This interesting revelation was made by Chairman FBR in a recent meet
Published 24 Nov, 2017 12:00am
India using Hindutva groups to target Muslims: AJK president

India using Hindutva groups to target Muslims: AJK president

The President of Azad Jammu & Kashmir Sardar Masood Khan has said that Indian authorities are paying money to extremist Hindutva groups and militias such as RSS in occupied Kashmir's Jammu areas to kill and maim local Muslim Kashmiris. In an interview her
Published 24 Nov, 2017 12:00am
BoI official visits Rashakai, Hattar SEZs

BoI official visits Rashakai, Hattar SEZs

Secretary Board of Investment (BoI) Azher Ali Choudhry along with Director General, Rifat Parvez, visited sites of Rashakai Special Economic Zone and Hattar Special Economic Zone. The representatives of KP Economic Zone Development and Management Company
Published 24 Nov, 2017 12:00am
Women's participation crucial for socio-economic development: Dr Ayesha

Women's participation crucial for socio-economic development: Dr Ayesha

Provincial Finance Minister Dr Ayesha Ghaus Pasha has termed the women participation in mainstream economy crucial for overall socio-economic uplift of Pakistan. "Almost half of population of Pakistan consists of women, so the country's progress cannot be
Published 24 Nov, 2017 12:00am
Technology playing pivotal role in medical profession: Dr Saif

Technology playing pivotal role in medical profession: Dr Saif

The technology is playing pivotal role in medical profession and the women empowerment, enabling them to have access to job opportunities, knowledge and ecosystem. This was stated by Dr. Umar Saif founding Vice Chancellor of Information Technology Univers
Published 24 Nov, 2017 12:00am
Oracle highlights explosive growth in LTE diameter signaling traffic

Oracle highlights explosive growth in LTE diameter signaling traffic

Oracle announced the "Oracle Communications LTE Diameter Signaling Index, Sixth Edition," highlighting the continued explosive growth in LTE Diameter Signaling traffic. Fueled heavily by the proliferation of smartphones and rise of Internet of Things (IoT
Published 24 Nov, 2017 12:00am
Aftab Ahmad Diwan selected ACG's vice chairman

Aftab Ahmad Diwan selected ACG's vice chairman

Aftab Ahmad Diwan (CEO-CDC) has been selected Vice Chairman of Asia Pacific Central Securities Depository Group (ACG). This honour came to Pakistan in the 14th World Forum of CSDs (WFC 2017) Conference recently held in Hong Kong. As Vice Chairman ACG Exec
Published 24 Nov, 2017 12:00am
PN ship provides medical assistance to fishermen

PN ship provides medical assistance to fishermen

A Pakistani Dhow (fishing boat) named AL SHAHSAR while operating 280 miles off Gwadar requested immediate emergency medical assistance from Pakistan Navy through Joint Maritime Information & Coordination Centre (JMICC). The boat had seventeen fishermen on
Published 24 Nov, 2017 12:00am
MCB-AH achieves GIPS compliance

MCB-AH achieves GIPS compliance

MCB-Arif Habib Savings and Investment Limited (MCB-AH) is proud to join the ranks of select group of companies in Pakistan to claim GIPS compliance. Developed and managed by CFA Institute, the Global Investment Performance Standards (GIPS) is a set of sta
Published 24 Nov, 2017 12:00am
'Explosion' heard near sub's last known position: Argentina's navy

'Explosion' heard near sub's last known position: Argentina's navy

Argentina's navy confirmed Thursday that an unusual noise heard in the ocean near the last known position of an Argentine navy submarine appeared to be an explosion, dashing the last hopes of finding the vessel and its 44 crewmembers. Concern for the miss
Published 24 Nov, 2017 12:00am
Latin America is world's most violent region for women: UN

Latin America is world's most violent region for women: UN

Latin America and the Caribbean is the most violent region in the world for women, the United Nations said Wednesday, highlighting Central America and Mexico as particularly dangerous. In a report presented in Panama, UN Women and the UN Development Progr
Published 24 Nov, 2017 12:00am
Thousands of Spaniards urge ban on foundation exalting Franco

Thousands of Spaniards urge ban on foundation exalting Franco

More than 200,000 Spaniards have signed a petition filed in parliament on Thursday asking the government to ban the National Francisco Franco Foundation (FNFF), which glorifies Spain's former dictator. "In Germany or in Italy, it would be unthinkable to h
Published 24 Nov, 2017 12:00am
Eight Uganda tabloid staff members charged with treason

Eight Uganda tabloid staff members charged with treason

Eight editors and directors of one of Uganda's most popular tabloid newspaper groups have been charged with "treason" over an article implicating President Yoweri Museveni in a plot to overthrow his Rwandan counterpart, a defence lawyer said Thursday.
Published 24 Nov, 2017 12:00am
Annual Sports Day of DA SKBZ College concludes

Annual Sports Day of DA SKBZ College concludes

Annual Sports and Prize Distribution Ceremony of Defence Authority SKBZ College was held at the College's lush green ground. Director Education DHA, Brigadier Sardar Muhammad (Retd) was the chief guest. Begum Administrator DHA Brigadier Shahid Hassan Ali
Published 24 Nov, 2017 12:00am
New Zealand coach quits

New Zealand coach quits

New Zealand coach Anthony Hudson announced his resignation Thursday in the wake of the All Whites' failure to reach next year's World Cup. Hudson's men fell at the last qualification hurdle when Peru beat them 2-0 in Lima last week to seal victory in a tw
Published 24 Nov, 2017 12:00am
Palestine overtakes Israel in FIFA football rankings

Palestine overtakes Israel in FIFA football rankings

Palestine's football team achieved its highest ranking in history Thursday, rising above Israel in the FIFA world rankings for the first time. The head of the Palestinian football association labelled it an "historic achievement" as the team rose two spot
Published 24 Nov, 2017 12:00am
Barca, Chelsea reach last 16 as Man Utd lose

Barca, Chelsea reach last 16 as Man Utd lose

Barcelona and Chelsea progressed to the Champions League last 16 on Wednesday, but Jose Mourinho's Manchester United must wait to seal their spot after a last-gasp 1-0 defeat in Basel. Barcelona coach Ernesto Valverde rested Argentina star Lionel Messi in
Published 24 Nov, 2017 12:00am
Buffon stuns fan by throwing him his shorts
Exchange

Buffon stuns fan by throwing him his shorts

Footballers usually throw their jersey to fans at the final whistle but Juventus goalkeeper Gianluigi Buffon stunned one supporter by giving him his shorts after Wednesday's Champions League draw against Barcelona. The 39-year-old Buffon was competing for
Published 24 Nov, 2017 12:00am
Kiwi rises, Aussie steadies

Kiwi rises, Aussie steadies

The New Zealand dollar hovered near a one-week high on Thursday as third-quarter retail sales figures were better than expected, while the Australian dollar steadied above a recent 5-month trough. The New Zealand dollar jumped to a high of $0.6894 after d
Published 24 Nov, 2017 12:00am
Sterling slips

Sterling slips

Sterling edged down from a six-week high on Thursday, with traders largely brushing off cuts to Britain's economic growth forecasts announced in the previous day's budget statement and refocusing on Brexit negotiations. Prime Minister Theresa May will vis
Published 24 Nov, 2017 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee closed marginally firmer on Thursday, as dollar conversions by exporters outpaced importer demand for the US currency, dealers said. The spot rupee closed at 153.65/75 per dollar, compared with Wednesday's close of 153.70/75. "Exporte
Published 24 Nov, 2017 12:00am
Most Asian currencies rise
Currency

Most Asian currencies rise

Most Asian currencies firmed on Thursday as the US dollar weakened after the release of the minutes of the Federal Reserve's last meeting revealed dovish tones. The minutes showed some of the central bankers' concerns regarding the inflation outlook, with
Published 24 Nov, 2017 12:00am
Yuan leaps to three-week high

Yuan leaps to three-week high

China's yuan jumped to its highest in three weeks against the dollar on Thursday, breaching a key threshold, after a much stronger official fixing and a tumble for the greenback globally. The yuan breached 6.6 to the dollar for the first time since Novemb
Published 24 Nov, 2017 12:00am
Dollar sinks in NY on Fed inflation fears, weak data
Currency

Dollar sinks in NY on Fed inflation fears, weak data

The dollar fell on Wednesday to its lowest level since October against a basket of major currencies, marking its worst one-day performance in five months. The release of minutes from the Federal Reserve's most recent policy meeting, weak US data and techn
Published 24 Nov, 2017 12:00am
Euro up for a third day in Europe as outlook brightens
Currency

Euro up for a third day in Europe as outlook brightens

The euro rose for a third consecutive day on Thursday after breaking through a key technical level when a flurry of European business surveys pointed to a strengthening growth outlook for the region. Surveys covering both the services and manufacturing in
Published 24 Nov, 2017 12:00am
Dollar nurses losses in Asian trade
Exchange

Dollar nurses losses in Asian trade

The dollar touched a two-month low against the yen on Thursday, having tumbled after the minutes of the Federal Reserve's latest meeting showed some policymakers were concerned about persistently low inflation in a blow to rate hawks. The dollar eased to
Published 24 Nov, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 81.60-81.60 (previous 81.50-81.60).
Published 24 Nov, 2017 12:00am
FTSE sluggish after Centrica dives; housebuilders rebound

FTSE sluggish after Centrica dives; housebuilders rebound

A fall in Centrica's shares weighed on British stocks on Thursday, but a rebound in housebuilders and a weak pound provided enough support to recoup most of the morning's losses. Britain's blue chip FTSE 100 index closed down 0.02 percent at 7417.24 point
Published 24 Nov, 2017 12:00am
European shares get PMI boost, Centrica sinks

European shares get PMI boost, Centrica sinks

The pan-European STOXX 600 index ended flat on Thursday, while euro zone blue chips erased early losses to trade up 0.3 percent after business surveys for the bloc cemented optimism on the economy. Eurozone businesses boomed in November with flash composi
Published 24 Nov, 2017 12:00am
China shares tumble

China shares tumble

Chinese shares tumbled on Thursday with the blue-chip index suffering its worst fall in nearly 1-1/2 years as worries about a selloff in the bond market bled into equities. Consumer and healthcare firms led the fall and dragged the CSI300 index down sharp
Published 24 Nov, 2017 12:00am
Households drive UK growth again in Q3, businesses more wary

Households drive UK growth again in Q3, businesses more wary

Britain's economy again relied heavily on spending by squeezed households for growth in the three months to September, as businesses invested only cautiously while they await clarity on Brexit, official data showed. The fragile picture of the economy echo
Published 24 Nov, 2017 12:00am
Singapore Q3 growth quickest in almost four years
Exchange

Singapore Q3 growth quickest in almost four years

Singapore's economy grew at its quickest pace in nearly four years in the third quarter, thanks to a boom in manufacturing that some analysts say will encourage tighter monetary policy in 2018. Thursday's revised official numbers beat the market's already
Published 24 Nov, 2017 12:00am
Chavez cousin to lead Citgo, PDVSA's arm in US
Currency

Chavez cousin to lead Citgo, PDVSA's arm in US

Venezuelan President Nicolas Maduro on Wednesday named Asdrubal Chavez - a cousin of late leader Hugo Chavez - to lead Citgo, the state oil company's US affiliate. "He's straight off to be Citgo president, to restructure it, to get it back, to strengthen
Published 24 Nov, 2017 12:00am
Taste of cricket: Finland to sell insect bread

Taste of cricket: Finland to sell insect bread

A stomach churning recipe or a solution to world hunger? A Finnish bakery group on Thursday said it would be the first in the world to offer bread made out of insects at grocery stores. The bread contains dried crickets ground into powder and mixed with f
Published 24 Nov, 2017 12:00am
China's Okay Airways orders five Boeing Dreamliners for $1.4 billion

China's Okay Airways orders five Boeing Dreamliners for $1.4 billion

Boeing and China's first privately owned airline, Okay Airways, have finalised a $1.4-billion order for five Dreamliner jets, the two companies said on Thursday. The purchase of the five 787-9 long-haul aircraft by the Beijing-based airline was signed off
Published 24 Nov, 2017 12:00am
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