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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-01-13
China's US surplus jumps as trade with world picks up

China's US surplus jumps as trade with world picks up

China's trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war. The increase came despite a tumble in China
Published 13 Jan, 2018 12:00am
White House hails dip in Chinese trade with North Korea

White House hails dip in Chinese trade with North Korea

The White House on Friday welcomed news of a drop in Chinese trade with North Korea, saying it would help put pressure on the Pyongyang regime. "The Donald J. Trump Administration is pleased that China is sharply reducing its trade with North Korea," the
Published 13 Jan, 2018 12:00am
Chinese chosen to build controversial Croatia bridge

Chinese chosen to build controversial Croatia bridge

A Chinese consortium was chosen to build a controversial bridge deemed vital for Croatia's tourism industry, officials said Friday, announcing the first significant Chinese investment in the European Union member. The 2.08-billion-kuna (279-million-euro,
Published 13 Jan, 2018 12:00am
US government posts $23 billion deficit in December

US government posts $23 billion deficit in December

The US government reported a $23 billion deficit in December, the Treasury Department said on Thursday. That compared with a budget deficit of $27 billion in the same month last year, according to Treasury's monthly budget statement. Economists polled by
Published 13 Jan, 2018 12:00am
MoneyGram picks Brussels as post-Brexit HQ alternative

MoneyGram picks Brussels as post-Brexit HQ alternative

US money transfer giant MoneyGram has picked Brussels as a possible alternative to London for its EU headquarters after Brexit, it emerged on Friday. Texas-based MoneyGram follows a long list of global companies that are contingency planning for Britain's
Published 13 Jan, 2018 12:00am
FBR awarded ISO/IEC 27001Certification by RICI
Exchange

FBR awarded ISO/IEC 27001Certification by RICI

The Federal Board of Revenue (FBR) has formally been awarded ISO/IEC 27001Certification by Resource International Canada Incorporated, the accredited body for such certification. According to the details, the certificate pertains to the Secure Perimeter e
Published 13 Jan, 2018 12:00am
Pak-Saudi trade deal
Exchange

Pak-Saudi trade deal

Minister of State for Finance and Economic Affairs Rana Mohammad Afzal Khan recently chaired several meetings focused on enhancing bilateral economic cooperation with Saudi Arabia. Reportedly signing a preferential trade agreement with Saudi Arabia also c
Published 13 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 12, 2018).

Published 13 Jan, 2018 12:00am
Abduction attempt

Abduction attempt

The 2017 World Freedom Index has placed Pakistan among the most dangerous countries for journalists. The ordeal of an Islamabad-based journalist will certainly not help improve the country's record, regardless of who was behind the abduction attempt-was i
Published 13 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 12, 2018).

Published 13 Jan, 2018 12:00am
Pakistan on the rise-2018 - II
Exchange

Pakistan on the rise-2018 - II

The year 2018 started well with some significant positive economic indicators, notably, the promising GDP growth, improved country perception, recognition of SMEs as the prime mover of country's economy and the continuity of the inflow of remittances by t
Published 13 Jan, 2018 12:00am
Salmonella scandal casts harsh light on France's secretive dairy giant

Salmonella scandal casts harsh light on France's secretive dairy giant

Emmanuel Besnier, scion of the secretive family behind one of the world's biggest dairy groups, is often called "the invisible billionaire", unknown to the French public and even to his own employees. But an outcry over claims the company hid a salmonella
Published 13 Jan, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 12, 2018)

Published 13 Jan, 2018 12:00am
Probe into the Sikh massacre

Probe into the Sikh massacre

India's Supreme Court has ordered fresh probe into Sikh massacre. India is to reopen nearly 200 unsolved cases associated with a frenzied massacre of Sikhs in 1984 that left nearly 3,000 dead, mainly in the capital New Delhi. The Supreme Court has said it
Published 13 Jan, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 12, 2018).

Published 13 Jan, 2018 12:00am
PTI, PPP, JI, PML-Q, MQM, PSP to join PAT movement

PTI, PPP, JI, PML-Q, MQM, PSP to join PAT movement

The anti-government movement set to begin on January 17 has gained momentum after the gruesome rape and murder of an eight year old girl in Kasur with several political parties announcing their decision to join the Pakistan Awami Tehreek (PAT) chief Tahir
Published 13 Jan, 2018 12:00am
Four alleged terrorists held in Peshawar

Four alleged terrorists held in Peshawar

Four terrorists involved in an attack on Frontier Corps (FC) have been arrested during an operation of Counter Terrorism Department (CTD) in Industrial Zone, Phase-I of Hayatabad. According to a statement issued by the CTD, the terrorists have been identi
Published 13 Jan, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 12, 2018).

Published 13 Jan, 2018 12:00am
Iranian envoy, minister discuss trade issues

Iranian envoy, minister discuss trade issues

Ambassador of Iran to Pakistan, Mehdi Honardoost called on Minister of State for Finance and Economic Affairs Rana Muhammad Afzal Khan and discussed matters of bilateral interest with special stress on economic issues here on Friday. During the meeting, t
Published 13 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Friday (January 12, 2018) and the forecast for Saturday (January 13, 2018).

Published 13 Jan, 2018 12:00am
Ceasefire violations: Indian envoy summoned

Ceasefire violations: Indian envoy summoned

Pakistan summoned Acting Indian Deputy High Commissioner on Friday and lodged a strong protest with him on the repeated Indian ceasefire violations including the latest in Kot Kotera Sector, resulting in martyrdom of a 65-year-old lady, Foreign Office sai
Published 13 Jan, 2018 12:00am
China plans to invest in chemical sector

China plans to invest in chemical sector

China has decided to expand its industrial network in Pakistan in chemical sector to develop mutually beneficial cooperative partnership. According to officials, Chemicals maker Zhejiang Huafon New Materials Co Ltd has completed the site selection process
Published 13 Jan, 2018 12:00am
Lawyers, students protest Zainab's gruesome murder

Lawyers, students protest Zainab's gruesome murder

A large number of lawyers, students, child activists, and members of civil society gathered in front of National Press Club on Friday to raise their voice against the gruesome murder after sexual abuse of seven-year-old Zainab in Kasur. The protesters inc
Published 13 Jan, 2018 12:00am
Around 5.7 million kids to be vaccinated against polio in KP

Around 5.7 million kids to be vaccinated against polio in KP

Around 5.7 children below the age of five years would be vaccinated during the upcoming anti-polio campaign in Khyber Pakhtunkhwa. This was stated during a meeting of Emergency Operations Centre (EOC) Khyber Pakhtunkhwa chaired by Coordinator EOC, Atif Re
Published 13 Jan, 2018 12:00am
Hakim Said remembered

Hakim Said remembered

Speakers at the meeting of Hamdard Naunehal Assembly Karachi chapter paid rich tribute to Hakim Mohammed Said and said that he was a torch bearer of education and knowledge in the country.
Published 13 Jan, 2018 12:00am
Government urged to include child abuse law in curriculum

Government urged to include child abuse law in curriculum

Members of opposition parties in the National Assembly urged the government on Friday to ensure strict implementation of relevant laws on child abuse and include the subject in curriculum for child protection and awareness of the society. The House deferr
Published 13 Jan, 2018 12:00am
Ad hoc body formed to run PMDC's affairs

Ad hoc body formed to run PMDC's affairs

Upholding the decision of Lahore High Court, Supreme Court on Friday formed an ad hoc council to run the affairs of Pakistan Medical & Dental Council (PM&DC) in the chair of former judge of the apex court, Justice Mian Shakirullah Jan.
Published 13 Jan, 2018 12:00am
JI chief terms passage of Fata Bill 'victory of people'

JI chief terms passage of Fata Bill 'victory of people'

Ameer, Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has described the passage of the Bill in the National Assembly extending the jurisdiction of the Supreme and the High Court to the tribal areas as a big victory of the tribal people, but deplored the
Published 13 Jan, 2018 12:00am
Higher education: 18th Amendment ascertains devolution: Mir Kabir

Higher education: 18th Amendment ascertains devolution: Mir Kabir

Senator Mir Kabeer Ahmed Muhammad Shahi, Chairman Senate Functional Committee on Devolution Process under 18th Amendments said that education plays key role in the progress and development of the country, saying allocation of maximum budget for education
Published 13 Jan, 2018 12:00am
Nawaz vows to foil all conspiracies

Nawaz vows to foil all conspiracies

Pakistan Muslim League-Nawaz (PML-N) President Mian Nawaz Sharif has expressed his determination to foil all the conspiracies with the support of people. "We will not be frightened of conspiracies and will face every sort of situation courageously," Nawaz
Published 13 Jan, 2018 12:00am
IHC issues notice to ZTBL president

IHC issues notice to ZTBL president

Islamabad High Court (IHC) has issued notice to incumbent President Zarai Tarqiati Bank of Pakistan (ZTBL) Syed Talat Mehmood, in response to a plea seeking his removal from the slot on grounds that he doesn't meet criteria of the post under the law.
Published 13 Jan, 2018 12:00am
APNS grieved over death of Shahzad

APNS grieved over death of Shahzad

Sarmad Ali, President; Umer Mujib Shami, Secretary General, APNS on behalf of the office bearers and members of the society have expressed profound grief over the sad demise of Shahzad Akhtar, Managing Editor of Daily Tameer-e-Sindh, Karachi.
Published 13 Jan, 2018 12:00am
PM for cheap & reliable broadband connectivity across country

PM for cheap & reliable broadband connectivity across country

Prime Minister Shahid Khaqan Abbasi Friday asked the Ministry of Information Technology to ensure reliable and cheap broadband connectivity across the country, particularly in the remote areas, to ensure spread of digital facilities to the common man.
Published 13 Jan, 2018 12:00am
Indonesian President to address joint sitting on January 26

Indonesian President to address joint sitting on January 26

The President of the Republic of Indonesia Joko Widodo will address the Joint Sitting of the Parliament (Majlis -e-Shoora) on Friday 26th January, 2018. Joko Widodo will be the 17th Foreign Dignitary who address National Assembly/ Senate/ Joint Sitting of
Published 13 Jan, 2018 12:00am
Registration of 284 political parties cancelled

Registration of 284 political parties cancelled

The Election Commission of Pakistan (ECP) in pursuance of Section 202(5) of the Election Act, 2017 Friday cancelled the enlistment of 284 political parties which could not fulfill the requirement of the Section 202(2).
Published 13 Jan, 2018 12:00am
Policeman shot dead in Karachi

Policeman shot dead in Karachi

A policeman was shot dead in North Nazimabad in the jurisdiction of Gulberg police station, here on Friday. Police sources said that two armed men riding a motorbike targeted constable Shakir Ahmed, 23, son of Shakeel, near Landi Kotal roundabout. The off
Published 13 Jan, 2018 12:00am
State-of-the-art cardiovascular centre opens at Sehwan

State-of-the-art cardiovascular centre opens at Sehwan

The National Institute of Cardiovascular Diseases (NICVD) Karachi in collaboration with Government of Sindh established one more NICVD Centre to provide state-of-the-art cardiovascular services to the people of Sindh province at their doorstep in Sehwan S
Published 13 Jan, 2018 12:00am
MPAs not allowed to raise public issues

MPAs not allowed to raise public issues

The Speaker Sindh Assembly on Friday gagged some members hailing from opposition parties when the latter tried to raise issues of public interest. Among them, the Hindu MPA from MQM Dewan Chand Chawla was also denied permission when he drew attention of t
Published 13 Jan, 2018 12:00am
PMA dismayed at PMDC's dissolution

PMA dismayed at PMDC's dissolution

The Pakistan Medical Association has expressed dismay at the dissolution of the elected executive council of the Pakistan Medical and Dental Council (PMDC) by the Supreme Court. In an emergency meeting of senior PMA members at PMA House on Friday, the ass
Published 13 Jan, 2018 12:00am
Quddus Bizenjo submits papers for CM's slot

Quddus Bizenjo submits papers for CM's slot

Pakistan Muslim League-Quaid (PML-Q)'s Mir Abdul Quddus Bizenjo has submitted his nomination papers for the provincial chief minister to the Balochistan Assembly secretary on Friday. The nomination papers, which had to be submitted before 3pm today with t
Published 13 Jan, 2018 12:00am
KCCI building SHC suspends ETPB chairman's judgment

KCCI building SHC suspends ETPB chairman's judgment

Sindh High Court (SHC) has suspended the impugned judgment passed by the chairman of Evacuee Trust Property Board (ETPB) regarding the KCCI building, in constitution petition No. D-202 of 2018, filed by KCCI. The KCCI has challenged the ETPB's judgment is
Published 13 Jan, 2018 12:00am
SHC seeks LEAs replies in missing student case

SHC seeks LEAs replies in missing student case

The Sindh High Court (SHC) on Friday sought replies from Rangers director general, police inspector general, home secretary, DIG crime branch and other officials on a petition seeking whereabouts of a missing NED University student. A division bench, head
Published 13 Jan, 2018 12:00am
DGCV revises customs value of printers

DGCV revises customs value of printers

Directorate General Customs Valuation (DGCV) has revised the customs values of printers of various brands under section 25(7) of the Customs Act, 1969. According to details, the customs values of said item were earlier determined under section 25-A of the
Published 13 Jan, 2018 12:00am
Suggestions for ease of doing business

Suggestions for ease of doing business

The president of the Federation of Pakistan Chambers of Commerce and Industry, Gazanfar Bilour, has said that Pakistan ranks at 147 out of 190 countries in the stated index, although it ranks 171 in cross-border trading, and this indicates that policy mea
Published 13 Jan, 2018 12:00am
LESCO unearths over 200,000 power theft cases

LESCO unearths over 200,000 power theft cases

The Lahore Electric Supply Company (LESCO) unearthed over 200,000 power theft cases during 2017 and charged detection bills worth Rs 3.5 billion. LESCO Chief Syed Wajid Ali Kazmi had directed the field staff to launch a grand operation against the consume
Published 13 Jan, 2018 12:00am
Sri Lankan President inaugurates Pakistan Single Country Exhibition

Sri Lankan President inaugurates Pakistan Single Country Exhibition

Sri Lankan President Maithripala Sirisena, along with Pakistan Minister for Commerce, Mohammad Pervaiz Malik and High Commissioner, Dr Shahid Ahmad Hashmat, inaugurated the 3rd edition of Pakistan Single Country Exhibition at the BMICH in Colombo on Frida
Published 13 Jan, 2018 12:00am
P&D Punjab economists form association

P&D Punjab economists form association

The economists working in the Planning & Development Punjab have formed Economists Association with Salman Iftikhar Ali Shami, (President), Rasheed Ahmad Farooqui (Vice President), Amjad Ali (General Secretary), Uzma Hafeez (Joint Secretary), Hafiz Muhamm
Published 13 Jan, 2018 12:00am
Continuity of democratic process to help achieve SDGs goals: Marriyum

Continuity of democratic process to help achieve SDGs goals: Marriyum

The achievement of the Sustainable Development Goals (SDGs) is only possible through the continuity of the democratic process and strong system of governance and every Pakistan will have to contribute his share in the development of the country by rising
Published 13 Jan, 2018 12:00am
Mob attacks school guard

Mob attacks school guard

The gatekeeper at a school was brutally beaten up by a mob over allegations that the man had molested a girl in Ibrahim Hyderi. The accusations come amid a state of hysteria in the country over the Kasur incident in which a seven-year-old girl named Zaina
Published 13 Jan, 2018 12:00am
SHC seeks details of funds spent on education in five years

SHC seeks details of funds spent on education in five years

The Sindh High Court (SHC) on Friday sought a comprehensive report from the provincial education department regarding the details of all funds that it had received and spent in last five years. A division bench was hearing a joint petition of Fixit's Muha
Published 13 Jan, 2018 12:00am
PIBT allowed to set up LPG handling facilities at Port Qasim
Exchange

PIBT allowed to set up LPG handling facilities at Port Qasim

The Port Qasim Authority (PQA) has allowed Pakistan International Bulk Terminal Limited to set up LPG handling facilities at its existing terminal site. According to material information sent to Pakistan Stock Exchange, a supplementary Implementation Agre
Published 13 Jan, 2018 12:00am
Supreme Court withdraws charges against PCO judges

Supreme Court withdraws charges against PCO judges

Withdrawing its contempt notice against superior court judges who had taken oaths under the Provisional Constitution Order during General Pervez Musharraf's Emergency Order of November 3, 2007, the Supreme Court said there is no significance in adjudicati
Published 13 Jan, 2018 12:00am
Punjab IGP for devising SOPs for handling protests

Punjab IGP for devising SOPs for handling protests

Punjab Inspector General Police (IGP) Arif Nawaz Khan has emphasised the need for devising standard operating procedures (SOPs) regarding public handling during protests and sit-ins in the province. The IG Police said this while addressing a video-link co
Published 13 Jan, 2018 12:00am
Shahbaz for forging unity to move country forward

Shahbaz for forging unity to move country forward

Punjab Chief Minister Muhammad Shahbaz Sharif Friday said that elements involved in undue criticism on public welfare projects are enemy of public welfare because such elements do not want elimination of deprivations of the poor. While talking to elected
Published 13 Jan, 2018 12:00am
ITU vice chancellor briefs media on 'Afkar-e-Taza'

ITU vice chancellor briefs media on 'Afkar-e-Taza'

Only progressive thinking in the youth can set new narrative to make progressive Pakistan in accordance with the ideology of Pakistan set by the Quaid-e-Azam Muhammad Ali Jinnah. Dr Umar Saif, founding Vice Chancellor of Information Technology University
Published 13 Jan, 2018 12:00am
Ahsan chairs meeting on NISP 2018-2023

Ahsan chairs meeting on NISP 2018-2023

Interior Minister Professor Ahsan Iqbal chaired a high-level meeting on formation of National Internal Security Policy (NISP) 2018-2023. The meeting was attended by officials from law enforcement agencies, Counter Terrorism Force, Home ministries of provi
Published 13 Jan, 2018 12:00am
PCB chairman election: LHC seeks reply from federal government

PCB chairman election: LHC seeks reply from federal government

The Lahore High Court on Friday sought reply from federal government within four weeks in a petition challenging the election of Najam Sethi as Chairman Pakistan Cricket Board (PCB). The petitioner Nasir Iqbal advocate contended that Najam Sethi was elect
Published 13 Jan, 2018 12:00am
Nest I/O starts training of 20 startups

Nest I/O starts training of 20 startups

The Nest I/O has started training of 20 startups working in areas as diverse as education, technology, healthcare, and lifestyle. This is the 7th batch of startups being incubated at The Nest I/O where they will receive the support needed to turn their id
Published 13 Jan, 2018 12:00am
Social sector departments directed to improve service delivery

Social sector departments directed to improve service delivery

Chief Secretary Punjab Captain Zahid Saeed (retd) has directed all the administrative secretaries to improve public service delivery which has come under severe criticism by the civil society. He was presiding over a meeting to review performance of all p
Published 13 Jan, 2018 12:00am
OLMT project: experts body finds safety arrangements satisfactory

OLMT project: experts body finds safety arrangements satisfactory

Members of the special committee of experts, constituted by the Supreme Court of Pakistan to oversee implementation of the construction of Lahore Orange Line Metro Train Project (OLMTP), expressed satisfaction over the safety arrangements made at all the
Published 13 Jan, 2018 12:00am
LCCI chief for effective forest management system

LCCI chief for effective forest management system

Pakistan's poor international ranking in under-forest area is causing massive economic and environmental damage to the country therefore this should be taken very seriously. The government should make forest management system effective as importance of fo
Published 13 Jan, 2018 12:00am
APBF terms C/A deficit big challenge for economy

APBF terms C/A deficit big challenge for economy

As the country's budget deficit has reached 2.3 percent of Gross Domestic Product during July-November of fiscal year 2017-18, the All Pakistan Business Forum has stated that the government is deviating from the path of fiscal discipline mainly due to hea
Published 13 Jan, 2018 12:00am
Protests against Kasur incident

Protests against Kasur incident

Members of civil society and women wing of the Jamaat-e-Islami launched a protest against Kasur incident and demanded exemplary punishment to the culprit. Both the bodies took out a walk against the incident on Wahdat Road. They were carrying placards and
Published 13 Jan, 2018 12:00am
Miftah to open Mega Leather Show on January 27

Miftah to open Mega Leather Show on January 27

Chairman of Pakistan Footwear Manufacturers Association (PFMA) Farrukh Saleem and Senior Vice-Chairman Abid Hafeez met with the Prime Minister's Advisor for Finance Miftah Ismail and invited him to be the chief guest at the inaugural ceremony of the upcom
Published 13 Jan, 2018 12:00am
British medical experts visit FJMU

British medical experts visit FJMU

The British senior medical experts on Friday visited Fatima Jinnah Medical University and Sir Ganga Ram Hospital on the invitation of Vice Chancellor FJMU Professor Khalid Masood Gondal. Among the experts included Professor Peter Dziewulski, Director St A
Published 13 Jan, 2018 12:00am
HR activists urge CM to supervise child protection policy

HR activists urge CM to supervise child protection policy

Chief Minister Punjab Shahbaz Sharif should personally supervise development and formulation of child protection policy followed by a comprehensive plan to address the issue of Violence Against Children, which would be a rights way to ensure Justice for Z
Published 13 Jan, 2018 12:00am
FBR urged to issue IT exemption certificates

FBR urged to issue IT exemption certificates

Progressive Group of the Lahore Chamber of Commerce and Industry has demanded of the Federal Board of Revenue to expedite the process of issuance of income tax exemption certificates under Section 153 & 159 of the Income Tax Ordinance 2001 on imports. "Wh
Published 13 Jan, 2018 12:00am
Philanthropists urged to support SF, IRIT

Philanthropists urged to support SF, IRIT

Former president Federation of Pakistan Chamber of Commerce & Industry (FPCCI), Mian Muhammad Idrees said that out of box education solutions have yielded positive result and philanthropists must generously support System Foundation (SF) and Iqra-Roza-tul
Published 13 Jan, 2018 12:00am
Haroon vows to present pro-industry budget
Exchange

Haroon vows to present pro-industry budget

Special Assistant to the Prime Minister/Federal Minister on Revenue Haroon Akhtar Khan has said the government is aiming for a businessman-friendly and pro-industry budget for the next fiscal year. "We want the next budget to be a reflection of our intent
Published 13 Jan, 2018 12:00am
Tesco reports sales boost, despite high UK inflation

Tesco reports sales boost, despite high UK inflation

Supermarket group Tesco, Britain's biggest retailer, announced Thursday a rise in sales over the key Christmas period, despite high UK inflation weighing on consumer incomes. But its share price was the biggest loser on London's benchmark FTSE 100 index,
Published 13 Jan, 2018 12:00am
Netball trials begin

Netball trials begin

Pakistan Netball Federation (PNF) will be holding trials for the selection of Youth Girls team to participate in the International Youth Netball series being played from March 27 in Singapore. The trials will get underway at Karachi's PSB coaching centre
Published 13 Jan, 2018 12:00am
Sanchez future uncertain, says Wenger

Sanchez future uncertain, says Wenger

Arsene Wenger said Friday there is nothing "concrete" on Alexis Sanchez's future despite reported interest from both Manchester clubs but stated he will only be sold this month if Arsenal can find a replacement. Sanchez, out of contract at the end of the
Published 13 Jan, 2018 12:00am
Saudi women attend football game for the first time

Saudi women attend football game for the first time

Saudi Arabia allowed women to enter a football stadium for the first time to watch a match Friday, as the ultra-conservative kingdom eases strict decades-old rules separating the sexes. The new measure comes after Riyadh, long known for imposing harsh res
Published 13 Jan, 2018 12:00am
Kerber to face Barty in Sydney WTA final
Kerb

Kerber to face Barty in Sydney WTA final

Germany's former world No.1 Angelique Kerber won her eighth consecutive match on Friday and will play Australian Ashleigh Barty in the final of the Sydney International. Kerber, who began last year as No.1 before finishing at No.22, continued her 2018 res
Published 13 Jan, 2018 12:00am
Del Potro floors Ferrer to reach Auckland final

Del Potro floors Ferrer to reach Auckland final

Juan Martin del Potro reached his third final in his last four tournaments when he beat David Ferrer in straight sets to set up an Auckland Classic decider against Robert Bautista Agut on Friday. Del Potro, the 2009 US Open champion and Auckland winner, b
Published 13 Jan, 2018 12:00am
Aussie, kiwi climb

Aussie, kiwi climb

The Australian and New Zealand dollars both hit four-month highs on Friday as their US counterpart came under broad based pressure, though trade figures from China proved too mixed to provide any further impetus. The Aussie dollar broke above 79 cents for
Published 13 Jan, 2018 12:00am
Sterling jumps against dollar
Currency

Sterling jumps against dollar

Sterling on Friday rocketed to its highest level against the dollar since the vote to leave the European Union, after a report that the Netherlands and Spain were open to a deal for Britain to remain as close as possible to the trading bloc. The pound tra
Published 13 Jan, 2018 12:00am
Sri Lankan rupee down
Currency

Sri Lankan rupee down

The Sri Lankan rupee closed weaker on Friday as dollar demand from importers and banks surpassed mild conversions by exporters, dealers said. The spot rupee traded at 153.97 during the day before ending at 153.95/154.05, compared with Thursday's close of
Published 13 Jan, 2018 12:00am
Asian currencies broadly up

Asian currencies broadly up

Asian currencies were broadly firmer on Friday, as the dollar slumped in the wake of weak factory inflation data and hawkish comments from the European Central Bank. The euro firmed against the dollar on Thursday after minutes of the ECB's December meetin
Published 13 Jan, 2018 12:00am
China's yuan edges up

China's yuan edges up

China's yuan firmed against the US dollar on Friday, on course for its fifth straight winning week, buoyed by rising corporate dollar sales and sustained strength in the country's exports. China's December exports rose 10.9 percent from a year earlier, be
Published 13 Jan, 2018 12:00am
Euro soars in NY, bitcoin slips
Exchange

Euro soars in NY, bitcoin slips

The euro rallied against the greenback on Thursday after the European Central Bank said it could revisit its communication stance in early 2018, boosting expectations that policymakers are preparing to reduce their vast monetary stimulus programme.
Published 13 Jan, 2018 12:00am
Early trade in New York: dollar surges to three-year high
Exchange

Early trade in New York: dollar surges to three-year high

The dollar slumped to a more than three-year low against the euro on Friday, as the common currency extended its gains on hopes that European Central Bank policymakers are preparing to reduce their vast monetary stimulus programme. The euro was up 0.9 per
Published 13 Jan, 2018 12:00am
Euro surges above $1.21 to 3-year high in Europe
Exchange

Euro surges above $1.21 to 3-year high in Europe

The euro surged above $1.21 to a three-year high on Friday on bets the European Central Bank is getting ready to wind down its huge monetary stimulus, and after German Chancellor Angela Merkel reached a deal that should lead to the formation of a "grand c
Published 13 Jan, 2018 12:00am
Dollar under pressure in Asian trade
Exchange

Dollar under pressure in Asian trade

The dollar slumped against rivals on Friday on the back of weak factory inflation data, while the euro enjoyed solid support after the European Central Bank hinted that it could be gearing up to trim its massive monetary stimulus.
Published 13 Jan, 2018 12:00am
Lufthansa CEO calls for significant Alitalia cuts

Lufthansa CEO calls for significant Alitalia cuts

Lufthansa sees a need for significant restructuring at Italy's Alitalia before the German group would be prepared to buy the airline, Lufthansa's chief executive said in a letter seen by Reuters, tempering expectations for a quick deal.
Published 13 Jan, 2018 12:00am
India's TCS records 3.6 percent decline

India's TCS records 3.6 percent decline

India's biggest IT sourcing firm Tata Consultancy Services (TCS) on Thursday reported a 3.6 percent fall in quarterly earnings due to falling demand for its banking and financial services. The software giant said net profit for the three months to Decembe
Published 13 Jan, 2018 12:00am
India's TCS records 3.6 percent decline

India's TCS records 3.6 percent decline

India's biggest IT sourcing firm Tata Consultancy Services (TCS) on Thursday reported a 3.6 percent fall in quarterly earnings due to falling demand for its banking and financial services. The software giant said net profit for the three months to Decembe
Published 13 Jan, 2018 12:00am
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