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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-03-05
Bruising Qualcomm-Broadcom battle heads for showdown

Bruising Qualcomm-Broadcom battle heads for showdown

With a potential for the biggest-ever deal in the tech sector at stake, Qualcomm shareholders will have their say on a hostile bid for the US mobile chip giant by Singapore-based rival Broadcom. Qualcomm shareholders at an annual gathering Tuesday will ge
Published 05 Mar, 2018 12:00am
Bruising Qualcomm-Broadcom battle heads for showdown

Bruising Qualcomm-Broadcom battle heads for showdown

With a potential for the biggest-ever deal in the tech sector at stake, Qualcomm shareholders will have their say on a hostile bid for the US mobile chip giant by Singapore-based rival Broadcom. Qualcomm shareholders at an annual gathering Tuesday will ge
Published 05 Mar, 2018 12:00am
Bruising Qualcomm-Broadcom battle heads for showdown

Bruising Qualcomm-Broadcom battle heads for showdown

With a potential for the biggest-ever deal in the tech sector at stake, Qualcomm shareholders will have their say on a hostile bid for the US mobile chip giant by Singapore-based rival Broadcom. Qualcomm shareholders at an annual gathering Tuesday will ge
Published 05 Mar, 2018 12:00am
Four dead in Poland building collapse

Four dead in Poland building collapse

Four people were killed and 21 were injured when a building collapsed Sunday in the town of Poznan in western Poland, firefighters said. They said they did not expect to find further victims from the collapse, which was thought to be the result of a gas e
Published 05 Mar, 2018 12:00am
Four dead in Poland building collapse

Four dead in Poland building collapse

Four people were killed and 21 were injured when a building collapsed Sunday in the town of Poznan in western Poland, firefighters said. They said they did not expect to find further victims from the collapse, which was thought to be the result of a gas e
Published 05 Mar, 2018 12:00am
Dubai orders freeze on government fees for three years

Dubai orders freeze on government fees for three years

Dubai has committed not to raise government fees for the next three years to promote the emirate''s competitiveness after the United Arab Emirates'' introduction of a 5 percent value-added tax (VAT) this year. Dubai has a low-tax environment and raises th
Published 05 Mar, 2018 12:00am
Dubai orders freeze on government fees for three years

Dubai orders freeze on government fees for three years

Dubai has committed not to raise government fees for the next three years to promote the emirate's competitiveness after the United Arab Emirates' introduction of a 5 percent value-added tax (VAT) this year. Dubai has a low-tax environment and raises the
Published 05 Mar, 2018 12:00am
Dubai orders freeze on government fees for three years

Dubai orders freeze on government fees for three years

Dubai has committed not to raise government fees for the next three years to promote the emirate's competitiveness after the United Arab Emirates' introduction of a 5 percent value-added tax (VAT) this year. Dubai has a low-tax environment and raises the
Published 05 Mar, 2018 12:00am
Senate chairman's seat: there's too much wheeling and dealing

Senate chairman's seat: there's too much wheeling and dealing

There is a lot of wheeling and dealing over the choice of candidates for the Senate chairmanship. According to sources, the 15 independent candidates mostly from Balochistan and Fata are likely to play an important role in the Senate Chairman's elections.
Published 05 Mar, 2018 12:00am
Senate chairman's seat: there's too much wheeling and dealing

Senate chairman's seat: there's too much wheeling and dealing

There is a lot of wheeling and dealing over the choice of candidates for the Senate chairmanship. According to sources, the 15 independent candidates mostly from Balochistan and Fata are likely to play an important role in the Senate Chairman's elections.
Published 05 Mar, 2018 12:00am
Caretaker setup: PPP formally contacts PTI

Caretaker setup: PPP formally contacts PTI

Leader of the Opposition in the National Assembly Khursheed Shah on Sunday formally contacted Pakistan Tehreek-e-Insaf (PTI) on behalf of Pakistan Peoples Party (PPP) to discuss formation of caretaker setup at the centre for upcoming general elections. Th
Published 05 Mar, 2018 12:00am
Caretaker setup: PPP formally contacts PTI

Caretaker setup: PPP formally contacts PTI

Leader of the Opposition in the National Assembly Khursheed Shah on Sunday formally contacted Pakistan Tehreek-e-Insaf (PTI) on behalf of Pakistan Peoples Party (PPP) to discuss formation of caretaker setup at the centre for upcoming general elections. Th
Published 05 Mar, 2018 12:00am
Futures spread down by 465bps

Futures spread down by 465bps

The futures spread declined by 465bps to 2.24 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 71.7 percent to 36.48 million shares. The average daily trading value
Published 05 Mar, 2018 12:00am
Futures spread down by 465bps

Futures spread down by 465bps

The futures spread declined by 465bps to 2.24 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 71.7 percent to 36.48 million shares. The average daily trading value
Published 05 Mar, 2018 12:00am
Equities close in green zone
Exchange

Equities close in green zone

Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on March 2, 2018 on the back of local investors'' interest in various sectors. BRIndex100 gained 75.39 points on week-on-week basis to close at 4,713.65 points. Average daily
Published 05 Mar, 2018 12:00am
Equities close in green zone
Exchange

Equities close in green zone

Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on March 2, 2018 on the back of local investors' interest in various sectors. BRIndex100 gained 75.39 points on week-on-week basis to close at 4,713.65 points. Average daily t
Published 05 Mar, 2018 12:00am
Equities close in green zone
Exchange

Equities close in green zone

Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on March 2, 2018 on the back of local investors' interest in various sectors. BRIndex100 gained 75.39 points on week-on-week basis to close at 4,713.65 points. Average daily t
Published 05 Mar, 2018 12:00am
Refund claims hit by inconsistency

Refund claims hit by inconsistency

There is an inconsistency of Rs 90 billion between the pending refund claims cited by Minister of State for Finance Rana Muhammad Afzal Khan and those claimed by the exporters. In a recent statement, Minister of State for Finance stated that there are app
Published 05 Mar, 2018 12:00am
Refund claims hit by inconsistency

Refund claims hit by inconsistency

There is an inconsistency of Rs 90 billion between the pending refund claims cited by Minister of State for Finance Rana Muhammad Afzal Khan and those claimed by the exporters. In a recent statement, Minister of State for Finance stated that there are app
Published 05 Mar, 2018 12:00am
Refund claims hit by inconsistency

Refund claims hit by inconsistency

There is an inconsistency of Rs 90 billion between the pending refund claims cited by Minister of State for Finance Rana Muhammad Afzal Khan and those claimed by the exporters. In a recent statement, Minister of State for Finance stated that there are app
Published 05 Mar, 2018 12:00am
China says doesn''t want trade war with US

China says doesn''t want trade war with US

China warned Sunday that it was ready to hit back if the United States damaged its economic interests, fuelling fears of a trade war after President Donald Trump unveiled tariffs on steel and aluminium. Trump''s announcement on Thursday sparked a flurry o
Published 05 Mar, 2018 12:00am
China says doesn't want trade war with US

China says doesn't want trade war with US

China warned Sunday that it was ready to hit back if the United States damaged its economic interests, fuelling fears of a trade war after President Donald Trump unveiled tariffs on steel and aluminium. Trump's announcement on Thursday sparked a flurry of
Published 05 Mar, 2018 12:00am
China says doesn't want trade war with US

China says doesn't want trade war with US

China warned Sunday that it was ready to hit back if the United States damaged its economic interests, fuelling fears of a trade war after President Donald Trump unveiled tariffs on steel and aluminium. Trump's announcement on Thursday sparked a flurry of
Published 05 Mar, 2018 12:00am
CoAS lays foundation stone of Gwadar desalination plant

CoAS lays foundation stone of Gwadar desalination plant

Chief of Army Staff (CoAS), General Qamar Javed Bajwa laid foundation stone of United Arab Emirates (UAE) and Swiss governments' supported Gwadar desalination plant at Gwadar on Sunday. The project fulfills long-awaited demand of locals, which shall provi
Published 05 Mar, 2018 12:00am
CoAS lays foundation stone of Gwadar desalination plant

CoAS lays foundation stone of Gwadar desalination plant

Chief of Army Staff (CoAS), General Qamar Javed Bajwa laid foundation stone of United Arab Emirates (UAE) and Swiss governments' supported Gwadar desalination plant at Gwadar on Sunday. The project fulfills long-awaited demand of locals, which shall provi
Published 05 Mar, 2018 12:00am
Non-CPEC projects: China willing to lend a helping hand

Non-CPEC projects: China willing to lend a helping hand

Pakistan and China are to discuss a financial mechanism for further financing of development projects in addition to projects falling under the umbrella of China Pakistan Economic Corridor (CPEC), well- informed sources in Planning Division told Busine
Published 05 Mar, 2018 12:00am
Non-CPEC projects: China willing to lend a helping hand

Non-CPEC projects: China willing to lend a helping hand

Pakistan and China are to discuss a financial mechanism for further financing of development projects in addition to projects falling under the umbrella of China Pakistan Economic Corridor (CPEC), well- informed sources in Planning Division told Busine
Published 05 Mar, 2018 12:00am
Non-CPEC projects: China willing to lend a helping hand

Non-CPEC projects: China willing to lend a helping hand

Pakistan and China are to discuss a financial mechanism for further financing of development projects in addition to projects falling under the umbrella of China Pakistan Economic Corridor (CPEC), well- informed sources in Planning Division told Busine
Published 05 Mar, 2018 12:00am
Rates move cautiously
Currency

Rates move cautiously

The rupee moved cautiously against the dollar on the money market during the week, ended on March 3, 2018. In the open market, the rupee gained 10 paisas against the dollar for buying at Rs 111.90 and it also picked up five paisas for selling at Rs 112.20
Published 05 Mar, 2018 12:00am
Rates move cautiously
Currency

Rates move cautiously

The rupee moved cautiously against the dollar on the money market during the week, ended on March 3, 2018. In the open market, the rupee gained 10 paisas against the dollar for buying at Rs 111.90 and it also picked up five paisas for selling at Rs 112.20
Published 05 Mar, 2018 12:00am
Miftah reviews budget preparations

Miftah reviews budget preparations

Adviser to Prime Minister on Finance, Dr Miftah Ismail here on Sunday chaired a meeting to review the activities related to preparation of Budget 2018-19. The additional Secretary budget gave the meeting a briefing on the budget preparations and shared ti
Published 05 Mar, 2018 12:00am
Miftah reviews budget preparations

Miftah reviews budget preparations

Adviser to Prime Minister on Finance, Dr Miftah Ismail here on Sunday chaired a meeting to review the activities related to preparation of Budget 2018-19. The additional Secretary budget gave the meeting a briefing on the budget preparations and shared ti
Published 05 Mar, 2018 12:00am
Miftah reviews budget preparations

Miftah reviews budget preparations

Adviser to Prime Minister on Finance, Dr Miftah Ismail here on Sunday chaired a meeting to review the activities related to preparation of Budget 2018-19. The additional Secretary budget gave the meeting a briefing on the budget preparations and shared ti
Published 05 Mar, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (March 04, 2018) and the forecast for Monday (March 05, 2018).

Published 05 Mar, 2018 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 26 to March 02 2018).

Published 05 Mar, 2018 12:00am
Aerobic exercise slows cognitive decline in Alzheimer's disease

Aerobic exercise slows cognitive decline in Alzheimer's disease

Cardiovascular exercise training may help slow the decline in brain function seen in Alzheimer's patients, a new review of past research suggests. Researchers assessed data from 19 studies conducted between 2002 and 2015 that examined the effects of exerc
Published 05 Mar, 2018 12:00am
Corporations hold key to saving environment: WWF chief

Corporations hold key to saving environment: WWF chief

A generation ago, the idea of a veteran international banker leading a global organisation charged with saving the planet's dwindling and besieged wildlife would have seemed far-fetched. For some, it still does. Even Pavan Sukhdev - recently appointed pre
Published 05 Mar, 2018 12:00am
Antarctica: a laboratory for climate change

Antarctica: a laboratory for climate change

A decade ago, a thick layer of ice covered the Collins Glacier on Antarctica's King George Island. Now, the rocky landscape is visible to the naked eye, in a region that is both a victim of and a laboratory for climate change.
Published 05 Mar, 2018 12:00am
Yemen's cholera epidemic likely to intensify in coming months

Yemen's cholera epidemic likely to intensify in coming months

The World Health Organization warned on Monday that a cholera epidemic in Yemen that killed more than 2,000 people could flare up again in the rainy season. WHO Deputy Director General for Emergency Preparedness and Response Peter Salama said the number o
Published 05 Mar, 2018 12:00am
A 'paradigm shift' in diagnosing diabetes: study

A 'paradigm shift' in diagnosing diabetes: study

Scientists on Friday unveiled a revised classification for diabetes, one they said could lead to better treatments and help doctors more accurately predict life-threatening complications from the disease. There are five distinct types of diabetes that can
Published 05 Mar, 2018 12:00am
Health savings outweigh costs of limiting global warming

Health savings outweigh costs of limiting global warming

The estimated cost of measures to limit Earth-warming greenhouse gas emissions can be more than offset by reductions in deaths and disease from air pollution, researchers said on Saturday. It would cost $22.1 trillion (17.9 trillion euros) to $41.6 trilli
Published 05 Mar, 2018 12:00am
Lenovo sees intelligence transforming everything at MWC 2018

Lenovo sees intelligence transforming everything at MWC 2018

At MWC 2018, Lenovo February 26 reinforced its 2018 vision for technology innovations, moving its core strategy to Augmented Intelligence. With its roots in the PC space, Lenovo has created one of the most complete collections of smart AI devices, giving
Published 05 Mar, 2018 12:00am
GSMA ICANN sign memo
Exchange

GSMA ICANN sign memo

The GSMA Wednesday and the Internet Corporation for Assigned Names and Numbers (ICANN) signed a Memorandum of Understanding (MoU) at the Mobile World Congress being held last week in Barcelona. The MoU aims to enhance collaboration and raise awareness abo
Published 05 Mar, 2018 12:00am
GSMA Mobile Connect roll-out continues across the globe

GSMA Mobile Connect roll-out continues across the globe

At Mobile World Congress February 26, the GSMA announced that mobile network operators (MNOs) in China and South Korea are among the latest to deploy Mobile Connect to provide identity and authentication services to their customers. China Mobile's identit
Published 05 Mar, 2018 12:00am
ADVA, BT and Mavenir collaborate on cloud RAN Technologies

ADVA, BT and Mavenir collaborate on cloud RAN Technologies

ADVA, BT and Mavenir have announced February 26 that they will be collaborating on a number of research projects at the UK's Telecom Infra Project (TIP) Community Lab based at the BT Labs in Adastral Park, Ipswich. TIP is an engineering-focused initiative
Published 05 Mar, 2018 12:00am
Global brands launch live RCS business messaging services

Global brands launch live RCS business messaging services

The GSMA February 26 announced that multiple global brands including 1-800 Contacts, 1-800-Flowers.com, Booking.com, ITV, Snaptravel and Subway have launched live trials of RCS Business Messaging based on the GSMA's Universal Profile for Advanced Messagin
Published 05 Mar, 2018 12:00am
General Electric names accounting, turnaround experts

General Electric names accounting, turnaround experts

US industrial conglomerate General Electric Co nominated top aviation and industrial executives and an accounting expert to its streamlined board of directors on Monday as it takes aim at further restructuring. The nomination of Leslie F. Seidman, a forme
Published 05 Mar, 2018 12:00am
Global upturn fuels strong profit growth for BASF
Exchange

Global upturn fuels strong profit growth for BASF

German chemicals giant BASF on Tuesday reported a massive leap in profits in 2017, as the worldwide economic upturn fuelled demand and stoked prices for its products. Net profit increased 50 percent year-on-year to 6.1 billion euros ($7.5 billion), BASF s
Published 05 Mar, 2018 12:00am
Global upturn fuels strong profit growth for BASF
Exchange

Global upturn fuels strong profit growth for BASF

German chemicals giant BASF on Tuesday reported a massive leap in profits in 2017, as the worldwide economic upturn fuelled demand and stoked prices for its products. Net profit increased 50 percent year-on-year to 6.1 billion euros ($7.5 billion), BASF s
Published 05 Mar, 2018 12:00am
Aeroflot annual profits drop 40 percent
Currency

Aeroflot annual profits drop 40 percent

Russia's biggest airline Aeroflot reported on Thursday an improving trend in revenue for its final quarter of 2017 after a 40 percent drop in annual profits. Full-year net profit fell to 23.06 billion roubles ($408.70 million) in 2017 from a record 38.8 b
Published 05 Mar, 2018 12:00am
Bankia to repay 2.5 billion euros to shareholders over next three years

Bankia to repay 2.5 billion euros to shareholders over next three years

Spain's state-controlled Bankia on Tuesday said it would return 2.5 billion euros ($3.1 billion) of excess capital to shareholders over the next three years in an effort to pay back part of public bailout cash. Bankia got a 22.4 billion-euro rescue packag
Published 05 Mar, 2018 12:00am
Vodafone sells out of Qatar for 301 million euros, brand will remain

Vodafone sells out of Qatar for 301 million euros, brand will remain

Vodafone said on Monday it would sell its stake in Vodafone Qatar to its joint venture partner, the Qatar Foundation, for 301 million euros ($371 million) but keep its red brand present in the country under a future partnership deal. Qatar has faced an em
Published 05 Mar, 2018 12:00am
Swiss Life placed to hit 2018 targets after profit beat

Swiss Life placed to hit 2018 targets after profit beat

Swiss Life said it had achieved its fee result target a year earlier than planned and was ahead of schedule with two of its other 2018 goals as it reported better-than-expected 2017 net profit on Tuesday. Switzerland's biggest life insurer said net profit
Published 05 Mar, 2018 12:00am
Swiss Life placed to hit 2018 targets after profit beat

Swiss Life placed to hit 2018 targets after profit beat

Swiss Life said it had achieved its fee result target a year earlier than planned and was ahead of schedule with two of its other 2018 goals as it reported better-than-expected 2017 net profit on Tuesday. Switzerland's biggest life insurer said net profit
Published 05 Mar, 2018 12:00am
Walmart to launch new private label clothing brands

Walmart to launch new private label clothing brands

Walmart Inc will launch four private label clothing brands as part of a push to make deeper inroads into the apparel space and compete against rival Amazon.com Inc, which is rapidly gaining market share in the category. Walmart has been acquiring small on
Published 05 Mar, 2018 12:00am
LNG market needs $200 billion investment to meet demand: Shell

LNG market needs $200 billion investment to meet demand: Shell

More than $200 billion of investment in liquefied natural gas is needed to meet a boom in demand by 2030, Royal Dutch Shell, the world's top LNG trader, said on Monday. The LNG market is set to continue its rapid expansion into 2020 as facilities approved
Published 05 Mar, 2018 12:00am
Scotiabank pulls plug on sale of metals business

Scotiabank pulls plug on sale of metals business

Canadian lender Bank of Nova Scotia said on Tuesday it would keep its metals trading business, ending months of speculation that it could be sold, after reporting earnings that beat market expectations. However, the business will be slimmed down following
Published 05 Mar, 2018 12:00am
Bayer goes through 'ups and downs' as Monsanto deal drags on
Currency

Bayer goes through 'ups and downs' as Monsanto deal drags on

Bayer on Wednesday said it would need more time to wrap up its takeover of seeds company Monsanto after the drugmaker reported lower than expected fourth-quarter earnings which were hit by pesticide pricing pressures in Brazil. The Monsanto deal will now
Published 05 Mar, 2018 12:00am
China funds trim equity exposure, boost bonds

China funds trim equity exposure, boost bonds

Chinese fund managers trimmed their suggested equity exposure for the next three months, as they adopted mixed investment strategies after a sharp correction in major stock indexes since early February. They cut their suggested equity allocations to 76.3
Published 05 Mar, 2018 12:00am
China funds trim equity exposure, boost bonds

China funds trim equity exposure, boost bonds

Chinese fund managers trimmed their suggested equity exposure for the next three months, as they adopted mixed investment strategies after a sharp correction in major stock indexes since early February. They cut their suggested equity allocations to 76.3
Published 05 Mar, 2018 12:00am
India stocks to recover most losses on solid earnings growth

India stocks to recover most losses on solid earnings growth

Indian stocks will recover most of their recent losses, helped by strong corporate earnings, but will close out 2018 a little short of the record high hit at the end of January, a Reuters poll found. After gaining almost 28 percent in 2017, the BSE Sensex
Published 05 Mar, 2018 12:00am
Gulf markets mixed, Saudi stocks slip on banks

Gulf markets mixed, Saudi stocks slip on banks

Gulf stock markets were mixed at Sunday's close, with Abu Dhabi and Dubai ending the day in a narrow range, while the Saudi stock market, the biggest in the region, dropped 0.57 percent, amid weakness in energy and financial stocks. The Gulf market took l
Published 05 Mar, 2018 12:00am
Gulf markets mixed, Saudi stocks slip on banks

Gulf markets mixed, Saudi stocks slip on banks

Gulf stock markets were mixed at Sunday's close, with Abu Dhabi and Dubai ending the day in a narrow range, while the Saudi stock market, the biggest in the region, dropped 0.57 percent, amid weakness in energy and financial stocks. The Gulf market took l
Published 05 Mar, 2018 12:00am
British investors sell stocks but wary of calling market top

British investors sell stocks but wary of calling market top

British funds have cut their equity allocations to four-month lows following an early February shakeout, though many remain optimistic that strong economic growth and company earnings will keep the stock market boom going. Reuters' latest monthly asset al
Published 05 Mar, 2018 12:00am
British investors sell stocks but wary of calling market top

British investors sell stocks but wary of calling market top

British funds have cut their equity allocations to four-month lows following an early February shakeout, though many remain optimistic that strong economic growth and company earnings will keep the stock market boom going. Reuters' latest monthly asset al
Published 05 Mar, 2018 12:00am
Siemens Healthineers' IPO smaller than expected
Exchange

Siemens Healthineers' IPO smaller than expected

German engineering group Siemens set the price range for the planned initial public offering (IPO) of its medical imaging and diagnostics business on Sunday, valuing the division at a smaller than expected 31 billion euros ($38.18 billion).
Published 05 Mar, 2018 12:00am
Siemens Healthineers' IPO smaller than expected
Exchange

Siemens Healthineers' IPO smaller than expected

German engineering group Siemens set the price range for the planned initial public offering (IPO) of its medical imaging and diagnostics business on Sunday, valuing the division at a smaller than expected 31 billion euros ($38.18 billion).
Published 05 Mar, 2018 12:00am
China's money rates rise

China's money rates rise

China's primary money rates crept up this week as the central bank ensured ample liquidity amid month-end demand for cash, maintaining stability ahead of key political meetings, but traders and analysts pointed to looming risks that could push rates highe
Published 05 Mar, 2018 12:00am
Emerging equity investors want equal votes for all

Emerging equity investors want equal votes for all

Equity index providers' efforts to crack down on the inclusion of shares with limited voting rights into benchmarks are being welcomed by emerging market investors - even if the changes end up expelling some of the developing world's biggest firms. Slashi
Published 05 Mar, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 82.96-82.96 (Previous 82.96-82.96).
Published 05 Mar, 2018 12:00am
US funds raise equity allocation to highest in over 4-1/2 years

US funds raise equity allocation to highest in over 4-1/2 years

US fund managers recommended an increase to equity holdings in February to the highest in more than 4-1/2 years, despite a deep sell-off in global stocks, according to a Reuters poll that also showed a trim to bond allocations. World stocks, which have be
Published 05 Mar, 2018 12:00am
US funds raise equity allocation to highest in over 4-1/2 years

US funds raise equity allocation to highest in over 4-1/2 years

US fund managers recommended an increase to equity holdings in February to the highest in more than 4-1/2 years, despite a deep sell-off in global stocks, according to a Reuters poll that also showed a trim to bond allocations. World stocks, which have be
Published 05 Mar, 2018 12:00am
Profits, doubts in equal measure at Geneva Motor Show

Profits, doubts in equal measure at Geneva Motor Show

This year's Geneva Motor Show comes at a curious time for an auto world enjoying record profits yet also gripped by doubt midway through the grand transition from diesel to electric and self-driving vehicles. "Geneva really ought to have been a lovely sal
Published 05 Mar, 2018 12:00am
Reform key to smooth Greek market return, says Europe's rescue fund

Reform key to smooth Greek market return, says Europe's rescue fund

Greece can expect further debt relief from its official creditors but must show it is building an efficiently-run modern economy to convince markets of its rehabilitation, the head of Europe's rescue fund said. Athens is on course to exit its 86 billion e
Published 05 Mar, 2018 12:00am
Reform key to smooth Greek market return, says Europe's rescue fund

Reform key to smooth Greek market return, says Europe's rescue fund

Greece can expect further debt relief from its official creditors but must show it is building an efficiently-run modern economy to convince markets of its rehabilitation, the head of Europe's rescue fund said. Athens is on course to exit its 86 billion e
Published 05 Mar, 2018 12:00am
Australia warns of trade war, pushes for Trump tariffs exemption

Australia warns of trade war, pushes for Trump tariffs exemption

Australia Sunday warned against tit-for-tat retaliation and the outbreak of a trade war that could slow global economic growth, as it pushed to be excluded from US President Donald Trump's steel and aluminium tariffs. Canberra has sought to be exempt from
Published 05 Mar, 2018 12:00am
Ukraine says gas shortage fully covered

Ukraine says gas shortage fully covered

Ukraine on Sunday said it had resolved its gas shortage caused by the refusal of Russia's Gazprom to restart natural gas deliveries. "We have a sharp increase in gas supplies from the EU, from Poland, Slovakia and Hungary," Ukrainian President Petro Poros
Published 05 Mar, 2018 12:00am
Saudi Arabia's $16 billion syndicated loan cuts funding costs
Libor

Saudi Arabia's $16 billion syndicated loan cuts funding costs

Saudi Arabia's planned $16 billion syndicated loan, one of the largest ever in emerging markets, will cut the kingdom's cost of funding by paying banks much less than on previous borrowings. The ministry of finance said on Twitter that it would offer bank
Published 05 Mar, 2018 12:00am
Saudi Arabia's $16 billion syndicated loan cuts funding costs
Libor

Saudi Arabia's $16 billion syndicated loan cuts funding costs

Saudi Arabia's planned $16 billion syndicated loan, one of the largest ever in emerging markets, will cut the kingdom's cost of funding by paying banks much less than on previous borrowings. The ministry of finance said on Twitter that it would offer bank
Published 05 Mar, 2018 12:00am
Global oil players flock to Houston as Opec, US shale tensions ease

Global oil players flock to Houston as Opec, US shale tensions ease

The oil industry's biggest names gather this week at CERAWeek, the largest energy industry get-together in the Americas, at a time when US shale production is booming, global demand is rising and crude prices are at a sweet spot for both big US producers
Published 05 Mar, 2018 12:00am
May defends stance on post-Brexit financial services rules

May defends stance on post-Brexit financial services rules

Britain's Prime Minister Theresa May defended her decision to rule out so-called 'passporting' rights for banks after Brexit, saying Britain could not become a "rule taker" when it came to financial services. May said her vision for future ties to the EU
Published 05 Mar, 2018 12:00am
Egypt's net foreign reserves rise to $42.524 billion
Currency

Egypt's net foreign reserves rise to $42.524 billion

Egypt's foreign reserves rose to $42.524 billion at the end of February from $38.209 billion at the end of January, the central bank said on Sunday, helped by a recent Eurobond sale. Cairo's foreign reserves have been climbing since the country secured a
Published 05 Mar, 2018 12:00am
Mass rally in Niger to back 2018 budget

Mass rally in Niger to back 2018 budget

Tens of thousands of supporters of Nigerien President Mahamadou Issoufou marched in the capital Niamey on Sunday after a number of opposition protests against the 2018 budget, which they say favours big business. Wearing t-shirts and brandishing banners i
Published 05 Mar, 2018 12:00am
EU aims to tax internet giants at 'two to six percent': French minister

EU aims to tax internet giants at 'two to six percent': French minister

The EU will soon unveil a plan for taxing major internet companies like Amazon and Facebook by imposing a levy of two to six percent on revenues in every country where they operate, French finance minister Bruno Le Maire said Sunday. "The range will be fr
Published 05 Mar, 2018 12:00am
EU aims to tax internet giants at 'two to six percent': French minister

EU aims to tax internet giants at 'two to six percent': French minister

The EU will soon unveil a plan for taxing major internet companies like Amazon and Facebook by imposing a levy of two to six percent on revenues in every country where they operate, French finance minister Bruno Le Maire said Sunday. "The range will be fr
Published 05 Mar, 2018 12:00am
Sneijder retires from Holland and could join Koeman coaching team

Sneijder retires from Holland and could join Koeman coaching team

Dutch midfielder Wesley Sneijder on Sunday called time on his glittering international football career and said he is likely to join Ronald Koeman's national team coaching staff. Sneijder made his decision to retire - after 14 years and a record 133 caps
Published 05 Mar, 2018 12:00am
Italy's Davide Astori dies of heart attack at 31

Italy's Davide Astori dies of heart attack at 31

Italy international football defender Davide Astori died in his hotel room during the night of Saturday to Sunday, his club Fiorentina said on Sunday. "Fiorentina are profoundly shocked to have to announce the death of captain Davide Astori after a sudden
Published 05 Mar, 2018 12:00am
Scotland beat Afghanistan

Scotland beat Afghanistan

Calum MacLeod struck a magnificent 157 not out as Scotland stunned Afghanistan by seven wickets in their opening 2019 World Cup qualifier at Bulawayo on Sunday. Afghanistan, one of the pre-tournament favourites to qualify, made 255 all out batting first,
Published 05 Mar, 2018 12:00am
South Arabia hosts first marathon for women

South Arabia hosts first marathon for women

Saudi Arabia hosted its first marathon for women at the weekend, local media said, as the conservative kingdom seeks to boost female sports in a far-reaching modernisation drive. Hundreds of women runners, many of them dressed in traditional Islamic attir
Published 05 Mar, 2018 12:00am
Athletics great Roger Bannister dies aged 88
Exchange

Athletics great Roger Bannister dies aged 88

Record-breaking British athlete Roger Bannister, the first man to run a mile in under four minutes, has died aged 88, his family announced on Sunday. "Sir Roger Bannister, died peacefully in Oxford on 3rd March 2018, aged 88, surrounded by his family who
Published 05 Mar, 2018 12:00am
Nazir Club, Daudzai Stars advance in PDCA Inter-Club Cricket

Nazir Club, Daudzai Stars advance in PDCA Inter-Club Cricket

Nazir Club and Daudzai Stars advanced to next round in the ongoing Peshawar District Inter-Club Cricket Championship-2018 being played simultaneously at different grounds here Sunday. In the first match played at Gymkhana ground Khan Club while batting fi
Published 05 Mar, 2018 12:00am
Del Potro takes ATP Mexican Open title

Del Potro takes ATP Mexican Open title

Juan Martin Del Potro continued his dominance over Kevin Anderson, putting the brakes on the South African's brilliant run of success to claim the ATP Mexican Open title on Saturday night. Del Potro defeated the hard-serving Anderson 6-4, 6-4 in the final
Published 05 Mar, 2018 12:00am
Ammad reaches Qatar Junior Squash quarters

Ammad reaches Qatar Junior Squash quarters

Pakistan No. 1 in Under-13 category Muhammad Ammad raced up to the quarter-final of the ongoing Qatar Junior Squash Championship after defeating Rohan Arya Gondi of USA on Sunday. According reports reaching here, the 12-year-old Muhammad Ammad, hailing fr
Published 05 Mar, 2018 12:00am
Ronaldo passes 300 La Liga goals in Real win over Getafe

Ronaldo passes 300 La Liga goals in Real win over Getafe

Cristiano Ronaldo became only the second player ever to score 300 goals in La Liga as his double fired Real Madrid to a 3-1 victory over 10-man Getafe on Saturday. Gareth Bale opened the scoring at the Santiago Bernabeu before Ronaldo followed Lionel Mess
Published 05 Mar, 2018 12:00am
'New Bolt' Coleman sprints to 60m glory, Dibaba bags double

'New Bolt' Coleman sprints to 60m glory, Dibaba bags double

Christian Coleman confirmed his status as the most exciting young sprinter in the post-Usain Bolt era when he stormed to 60m glory on Saturday as Ethiopian track legend Genzebe Dibaba bagged a golden world indoor brace. Coleman arrived in Birmingham, Engl
Published 05 Mar, 2018 12:00am
Hirscher wins overall World Cup title after slalom success

Hirscher wins overall World Cup title after slalom success

Double Olympic champion Marcel Hirscher clinched a seventh overall World Cup title with victory in the slalom at Kranjska Gora on Sunday. The Austrian 29-year-old can no longer be caught by his closest competitor, Norway's Henrik Kristoffersen, after buil
Published 05 Mar, 2018 12:00am
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