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Print - 2018-03-24
21-canon salute offered at Mahfooz Shaheed Garrison

21-canon salute offered at Mahfooz Shaheed Garrison

A contingent of Pakistan Army marked the Pakistan Day celebrations with a salute of 21 canons at the Mahfooz Shaheed Garrison right after Fajr prayers on Friday. Those who attended the ceremony raised slogans for longevity of Pakistan and the religion of
Published 24 Mar, 2018 12:00am
SQM members announce party's merger into PTI

SQM members announce party's merger into PTI

A unique controversy has surfaced on Friday when few office-bearers of Swabi Qaumi Mahaz (SQM) announced that they have merged the party into Pakistan Tehreek-e-Insaf. But SQM Chairman and MPA Babar Saleem reacted angrily and said that the party was found
Published 24 Mar, 2018 12:00am
LDA starts restoration work of Gulberg amenity park

LDA starts restoration work of Gulberg amenity park

Lahore Development Authority (LDA) on Friday started to carry out work to restore an amenity park of Gulberg to its original condition, which was utilized to build a road to facilitate the residence of former finance minister Ishaq Dar.
Published 24 Mar, 2018 12:00am
Nine industrial parks under CPEC to be built: Masood

Nine industrial parks under CPEC to be built: Masood

Pakistan Ambassador to China, Masood Khalid said on Friday that both China and Pakistan have agreed to establish nine industrial parks in Pakistan under China-Pakistan Economic Corridor (CPEC) framework and hoped that at least two or three special economi
Published 24 Mar, 2018 12:00am
President confers awards on various personalities

President confers awards on various personalities

An investiture ceremony was held at Aiwan-e-Sadr in Islamabad where President Mamoon Hussain conferred awards and medals on different personalities for their outstanding contribution in different fields. He decorated 141 recipients of Pakistan Civil Award
Published 24 Mar, 2018 12:00am
Pakistan, Sri Lanka sign three MoUs

Pakistan, Sri Lanka sign three MoUs

Pakistan and Sri Lanka Friday signed three memorandums of understanding (MoUs) to enhance bilateral cooperation in the fields of youth development and training of diplomats and civil servants.
Published 24 Mar, 2018 12:00am
US MIDDAY: gold jumps
Currency

US MIDDAY: gold jumps

Gold prices surged to a one-month high on Friday as the threat of a global trade war sent investors scrambling for safe assets. US President Donald Trump signed a memorandum that could impose tariffs on up to $60 billion of imports from China, prompting B
Published 24 Mar, 2018 12:00am
Ivory Coast rains to boost cocoa mid-crop

Ivory Coast rains to boost cocoa mid-crop

Abundant and regular rainfall in most of Ivory Coast's cocoa-growing regions boded well for the last stages of the April-to-September mid-crop, farmers said on Monday. The world's top cocoa producer has emerged from a three-month dry patch and entered the
Published 24 Mar, 2018 12:00am
Gold surges in Europe
Currency

Gold surges in Europe

Gold prices surged to a one-month high on Friday as the threat of a global trade war sent investors scrambling for safe assets. US President Donald Trump signed a memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China,
Published 24 Mar, 2018 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices gained as much as 1 percent on Friday on a faltering dollar and equities as investors scurried to safety after US President Donald Trump moved towards long-promised anti-China tariffs, prompting a strict response from China amid fears of a glo
Published 24 Mar, 2018 12:00am
Gold dips in New York

Gold dips in New York

Spot gold dipped on Thursday as the US dollar pared losses on safe-haven buying from investors fearing a trade war between the United States and China, but gold futures rose, with one trader citing arbitrage trades. US President Donald Trump initiated tra
Published 24 Mar, 2018 12:00am
New York cocoa surges to 2016 high, arabica coffee tumbles

New York cocoa surges to 2016 high, arabica coffee tumbles

New York cocoa futures on ICE surged $100 per tonne to a nearly 1-1/2-year high on Friday, buoyed by the firm British pound against the dollar and speculative buying, while arabica coffee neared a nine-month low. The opening times for raw sugar, arabica c
Published 24 Mar, 2018 12:00am
Palm oil down as Malaysia export tax policy weighs
Vegetable Oil

Palm oil down as Malaysia export tax policy weighs

Malaysian palm oil futures closed down nearly 1 percent on Friday due to a rise in production and disappointment with the government's decision to resume taxing exports of the edible oil. The benchmark palm oil contract for June delivery on the Bursa Mala
Published 24 Mar, 2018 12:00am
Rubber falls to 17-month low
Exchange

Rubber falls to 17-month low

Benchmark Tokyo rubber futures fell to a 17-month low and ended down nearly 7 percent on Friday, pressured by the yen's surge and a plunge in Shanghai futures as mounting trade tensions between the world's two largest economies unnerved China's equity, bo
Published 24 Mar, 2018 12:00am
Oil rises as Saudi Arabia backs extending output cuts into 2019

Oil rises as Saudi Arabia backs extending output cuts into 2019

Crude prices on Friday hit their highest level since late January after the Saudi energy minister said OPEC and allied producers would need to keep coordinating supply cuts into 2019, and as concerns grew over the future of Iranian crude exports.
Published 24 Mar, 2018 12:00am
Iraq's southern oil exports fall for third month

Iraq's southern oil exports fall for third month

Oil exports from southern Iraq have fallen by 70,000 barrels per day (bpd) this month, according to shipping data and an industry source, suggesting OPEC's second-largest producer is heading for a third month of lower shipments. Southern Iraqi exports in
Published 24 Mar, 2018 12:00am
Base metals hit multi-month lows on trade war fears
Exchange

Base metals hit multi-month lows on trade war fears

Base metals hit multi-month lows on Friday as the threat of a global trade war escalated after US President Donald Trump announced tariffs on up to $60 billion of Chinese goods. Trump plans to impose the tariffs for what he says is misappropriation of US
Published 24 Mar, 2018 12:00am
Trump signs spending bill, averting government shutdown

Trump signs spending bill, averting government shutdown

US President Donald Trump on Friday signed a $1.3 trillion compromise federal spending bill despite being "unhappy" with many of its provisions - thereby averting what would have been the third government shutdown of 2018. Trump said he signed the measure
Published 24 Mar, 2018 12:00am
Poland signs offset deal for US Patriot missiles

Poland signs offset deal for US Patriot missiles

Poland has signed an offset deal with the United States ahead of final agreement to buy a Patriot anti-missile system, Defence Minister Mariusz Blaszczak said Friday. The 10-year offset programme, under which US investment in Poland will help compensate f
Published 24 Mar, 2018 12:00am
Selfies banned on red carpet at Cannes film festival

Selfies banned on red carpet at Cannes film festival

The head of the Cannes film festival said Friday he was banning selfies on the red carpet, claiming they caused "unwanted disorder" before premieres. Thierry Fremaux tried once before to ban the "ridiculous and grotesque" practice at the world's most pres
Published 24 Mar, 2018 12:00am
Mahathir raises 'remote takeover' theory in MH370 mystery

Mahathir raises 'remote takeover' theory in MH370 mystery

Malaysia's veteran ex-leader Mahathir Mohamad said Friday that missing flight MH370 might have been taken over remotely in a bid to foil a hijack, reviving one of the many conspiracy theories surrounding its disappearance. The Malaysia Airlines plane disa
Published 24 Mar, 2018 12:00am
Japan protestors demand PM Abe resign over scandal

Japan protestors demand PM Abe resign over scandal

Hundreds of protestors, including opposition lawmakers, demonstrated in Tokyo on Friday to demand Prime Minister Shinzo Abe resign over a favouritism and cover-up scandal that has battered his popularity. Early Friday evening, around 700 people gathered i
Published 24 Mar, 2018 12:00am
US approves $1 billion in Saudi defence contracts

US approves $1 billion in Saudi defence contracts

The United States formally approved defence contracts totalling more than $1 billion with Saudi Arabia on Thursday, as the kingdom's crown prince continued his American tour. The State Department confirmed it had green-lighted a $670 million deal for anti
Published 24 Mar, 2018 12:00am
Toys R Us founder dies as iconic retail chain folds

Toys R Us founder dies as iconic retail chain folds

The founder of the embattled Toys R Us chain of children's stores died on Thursday, a week after the company announced the end of its operations in the United States. "There have been many sad moments for Toys R Us in recent weeks, and none more heartbrea
Published 24 Mar, 2018 12:00am
Five Catalan separatists detained, including presidential candidate

Five Catalan separatists detained, including presidential candidate

Five Catalan separatists, including current presidential candidate Jordi Turull, were placed in custody on Friday by the judge investigating the region's breakaway bid, the Supreme Court said. The judge detained former Catalan parliament president Carme F
Published 24 Mar, 2018 12:00am
Amnesty slams US, UK for arming Saudi coalition in Yemen war

Amnesty slams US, UK for arming Saudi coalition in Yemen war

Three years into their war on Yemen's rebels, Saudi Arabia and its military allies - armed by the US and Britain - could stand guilty of war crimes, Amnesty International said Friday. While all parties in the Yemen war are accused of neglecting civilian s
Published 24 Mar, 2018 12:00am
Thirteen dead in Vietnam highrise apartment fire

Thirteen dead in Vietnam highrise apartment fire

Thirteen people were killed and several injured when a fire broke out at an apartment complex in Vietnam's southern commercial hub of Ho Chi Minh City early Friday, authorities said. The fire in the Carina Plaza highrise building started around midnight o
Published 24 Mar, 2018 12:00am
UN, AFP launch prize to honour slain Mexican journalists

UN, AFP launch prize to honour slain Mexican journalists

The UN and AFP launched an award Thursday to honour journalists who risk their lives to cover human rights abuses in Mexico, in tribute to two celebrated reporters murdered last year. The Breach-Valdez Prize will honour journalists who follow in the foots
Published 24 Mar, 2018 12:00am
Huizenga, first man to own three US sports teams, dies

Huizenga, first man to own three US sports teams, dies

Billionaire H. Wayne Huizenga, the first man to own three top-level US sports teams and to found three Fortune 500 companies including the nation's largest waste disposal firm, died Friday. He was 80. Huizenga bought the NFL's Miami Dolphins in 1993 and f
Published 24 Mar, 2018 12:00am
Mali PM in first top-level visit to restive Kidal since 2014

Mali PM in first top-level visit to restive Kidal since 2014

Mali's Prime Minister Soumeylou Boubeye Maiga landed in the restive town of Kidal on Friday, representing the first such visit since 2014 to an area that remains in the hands of former rebels. Five French soldiers were wounded in Kidal on Thursday in an a
Published 24 Mar, 2018 12:00am
Moscow blames UK as EU nations mull expelling Russian diplomats

Moscow blames UK as EU nations mull expelling Russian diplomats

Russia on Friday accused Britain of trying to force its allies to take "confrontational steps" after EU member states decided to recall the bloc's envoy from Moscow and mulled further diplomatic action over a nerve attack row. Foreign Minister Sergei Lavr
Published 24 Mar, 2018 12:00am
Padukone says India 'long way' from ending mental illness stigma

Padukone says India 'long way' from ending mental illness stigma

Bollywood superstar Deepika Padukone called Friday for bolder efforts by Indians to end the stigma surrounding mental illness. "We have a long way to go," said the A-lister, who went public about her struggle with depression in 2015 and won praise for her
Published 24 Mar, 2018 12:00am
Rebels leave Ghouta as their bastion crumbles

Rebels leave Ghouta as their bastion crumbles

Eastern Ghouta's six-year rebel rule was in its dying moments Friday as fighters evacuated one of the Syrian enclave's three remaining pockets and a deal was reached for another. A blistering regime assault since February 18 on the last opposition bastion
Published 24 Mar, 2018 12:00am
Royal Caribbean picks up world's largest cruise ship

Royal Caribbean picks up world's largest cruise ship

French shipbuilder STX handed over the world's biggest cruiseliner, the Symphony of the Seas, to US giant Royal Caribbean International on Friday ahead of its maiden voyage in the Mediterranean. The ship, which weighs 228,000 tonnes, is at 362 metres (1,1
Published 24 Mar, 2018 12:00am
Israel's El Al to take its row over Saudi airspace to SC

Israel's El Al to take its row over Saudi airspace to SC

As Saudi Arabia opened its airspace for the first time to a commercial flight to Israel, El Al will take its own fight for access to Saudi airspace to the Supreme Court in Israel, officials said on Friday. The historic Air India flight on Thursday ended a
Published 24 Mar, 2018 12:00am
EU leaders agree Brexit guidelines, set deadline on Ireland

EU leaders agree Brexit guidelines, set deadline on Ireland

European Union leaders approved guidelines Friday for the next phase of Brexit talks with Britain, but set a June deadline for progress on the key issue of Northern Ireland. At a summit in Brussels, 27 leaders without Britain backed the red lines for talk
Published 24 Mar, 2018 12:00am
Top UN official backs unions as strikes persist

Top UN official backs unions as strikes persist

The head of the United Nations office in Geneva warned Friday that "trust" in the world body as an employer was taking a hit, as staff resumed striking over pay cuts. Michael Moller, the director-general at the UN's European headquarters, defended staff c
Published 24 Mar, 2018 12:00am
US warship sails near disputed South China Sea island

US warship sails near disputed South China Sea island

A US Navy destroyer carried out a "freedom of navigation" operation on Friday, coming within 12 nautical miles of an artificial island built by China in the South China Sea, US officials told Reuters. The operation, which infuriated Beijing, was the lates
Published 24 Mar, 2018 12:00am
Morkel reaches 300 Test wickets as South Africa take edge

Morkel reaches 300 Test wickets as South Africa take edge

Fast bowler Morne Morkel took his 300th Test wicket as South Africa bowled themselves into a strong position on the second day of the third Test against Australia at Newlands on Friday. Australia were 245 for nine when bad light ended play, 66 runs behind
Published 24 Mar, 2018 12:00am
Tonga PM backs away from ban on schoolgirl rugby, boxing

Tonga PM backs away from ban on schoolgirl rugby, boxing

Tonga's Prime Minister Akilisi Pohiva on Friday backed away from an education department edict banning girls from rugby and boxing, saying that their participation was for families to decide. There was outrage this week over the department's stance, which
Published 24 Mar, 2018 12:00am
Athletics team trials on March 31

Athletics team trials on March 31

Open trials for the selection of the Pakistan Athletics Team will be held on March 31 at Jinnah Stadium, Pakistan Sports Complex, Islamabad. Athletics Federation of Pakistan (AFP) will be conducting the trials. The selected teams will take part in the thi
Published 24 Mar, 2018 12:00am
Williamson hits tons record in rain-hit Test

Williamson hits tons record in rain-hit Test

Kane Williamson's New Zealand-record 18th Test century brightened an otherwise wet and gloomy day two as the hosts tightened their grip on the first Test against England on Friday. Williamson's 102 provided a rare moment of cheer on a truncated day when p
Published 24 Mar, 2018 12:00am
Halep advances in WTA Miami

Halep advances in WTA Miami

World number one Simona Halep battled back to eliminate France's Oceane Dodin 3-6, 6-3, 7-5 Thursday and reach the third round of the WTA Miami Open. Qualifying lucky loser Dodin led 4-2 in the third set, powered by punishing groundstrokes that at times b
Published 24 Mar, 2018 12:00am
England must fight racism before accusing Russia: Southgate

England must fight racism before accusing Russia: Southgate

England manager Gareth Southgate believes more must be done to eradicate racism in football closer to home before criticising World Cup hosts Russia's willingness to tackle the problem. Southgate cited a host of racist comments left on social media target
Published 24 Mar, 2018 12:00am
Sharmeen Khan wants reforms in affairs of women's cricket team

Sharmeen Khan wants reforms in affairs of women's cricket team

Expressing strong reservations over the current state of affairs of the Pakistan women's cricket team, former woman Test cricketer and one of the founding members of the country's women cricket team, Sharmeen Khan has called for introducing far-reaching r
Published 24 Mar, 2018 12:00am
Stanikzai guides Afghanistan past Ireland to cricket World Cup

Stanikzai guides Afghanistan past Ireland to cricket World Cup

Skipper Asghar Stanikzai put a bout of appendicitis behind him to guide Afghanistan to a five-wicket victory over Ireland on Friday to qualify for next year's Cricket World Cup. Afghanistan, after losing their opening three qualifying games, suffered a mi
Published 24 Mar, 2018 12:00am
Mini Olympics kicks off at UET Mardan campus

Mini Olympics kicks off at UET Mardan campus

The 8th Mini Olympics, sports tournament kicked off at the University of Engineering and Technology (UET) Mardan campus. More than sixteen teams of different departments of the university will participate in the sports event. The sports event was formally
Published 24 Mar, 2018 12:00am
Hewitt slams Davis Cup shake-up as a 'money grab'

Hewitt slams Davis Cup shake-up as a 'money grab'

Furious Australian Davis Cup captain Lleyton Hewitt has slammed a proposed shake-up of the competition as a "money-grabbing" exercise that will ruin the century-plus event. The two-time Grand Slam champion said International Tennis Federation (ITF) presid
Published 24 Mar, 2018 12:00am
US core capital goods orders bolster business spending outlook

US core capital goods orders bolster business spending outlook

New orders for key US-made capital goods rebounded more than expected in February after two straight monthly declines and shipments surged, which could temper expectations of a sharp slowdown in business spending on equipment in the first quarter. The Com
Published 24 Mar, 2018 12:00am
Air France strike as unions turn up heat on Macron

Air France strike as unions turn up heat on Macron

Air France crew went on strike Friday, forcing the cancellation of about a quarter of the airline's flights as unions discussed further protests against reformist President Emmanuel Macron. Pilots, cabin crew and ground staff joined the strike at Air Fran
Published 24 Mar, 2018 12:00am
Japan consumer prices edge up

Japan consumer prices edge up

Japan's consumer prices edged up 1.0 percent in February, government data showed Friday, but inflation was still far below a longstanding target. Japan has notched up eight straight quarters of economic growth - the longest positive run since the "bubble"
Published 24 Mar, 2018 12:00am
Canada inflation jumps to three-year high

Canada inflation jumps to three-year high

Canada's annual inflation rate in February jumped to a three-year high while January retail sales put in another disappointing performance, giving the Bank of Canada room to ponder when next to hike interest rates. The annual inflation rate rose to 2.2 pe
Published 24 Mar, 2018 12:00am
US music sales hit decade high

US music sales hit decade high

Music sales soared anew last year in the United States backed by the rise of streaming, bringing revenue to a level last seen a decade ago, the industry said Thursday. The Recording Industry Association of America said that revenue grew a robust 16.5 perc
Published 24 Mar, 2018 12:00am
Russian central bank cuts interest rate to 7.25 percent

Russian central bank cuts interest rate to 7.25 percent

Russia's central bank on Friday cut its key interest rate to 7.25 percent in its eighth consecutive reduction as inflation remains low. "The Bank of Russia board of directors decided to cut the key rate by 25 basis points to 7.25 percent," the bank said i
Published 24 Mar, 2018 12:00am
Maduro revalues Venezuela currency over hyperinflation
Currency

Maduro revalues Venezuela currency over hyperinflation

Venezuela's President Nicolas Maduro announced Thursday he would re-value the crisis-wracked country's bolivar currency, cutting three zeroes from current values to combat hyperinflation. Maduro said in a televised government meeting that new bolivar bill
Published 24 Mar, 2018 12:00am
Volkswagen boss says 'risk of jail' justifies mega salary

Volkswagen boss says 'risk of jail' justifies mega salary

The head of German car giant Volkswagen, still grappling with the fallout from a huge emissions cheating scandal, on Friday defended his 10-million-euro salary by saying it made up for the risk of having "one foot in jail". In an interview with news weekl
Published 24 Mar, 2018 12:00am
Asian business sentiment edges up to hit seven-year high

Asian business sentiment edges up to hit seven-year high

Business confidence among Asian companies rose in the first quarter to the highest level in seven years, a Thomson Reuters/INSEAD survey showed, as a fresh surge by the Chinese economy offset concerns about rising trade barriers. The Thomson Reuters/INSEA
Published 24 Mar, 2018 12:00am
PetroChina triples its net profit, hands out big dividend
Exchange

PetroChina triples its net profit, hands out big dividend

China's biggest oil producer PetroChina tripled its profit in 2017, rebounding on firmer crude prices, the company said, but its shares fell Friday as markets tumbled amid US-China trade tensions. Net profit last year rose to 22.8 billion yuan ($3.6 billi
Published 24 Mar, 2018 12:00am
PetroChina triples its net profit, hands out big dividend
Exchange

PetroChina triples its net profit, hands out big dividend

China's biggest oil producer PetroChina tripled its profit in 2017, rebounding on firmer crude prices, the company said, but its shares fell Friday as markets tumbled amid US-China trade tensions. Net profit last year rose to 22.8 billion yuan ($3.6 billi
Published 24 Mar, 2018 12:00am
Australia's biggest bank to enter mediation over laundering claims

Australia's biggest bank to enter mediation over laundering claims

Australia's Commonwealth Bank plans to enter mediation with the country's financial intelligence agency over a major anti-money laundering civil case that could be hugely costly for the lender. The nation's biggest bank was taken to the Federal Court in A
Published 24 Mar, 2018 12:00am
Rising trade tensions sends FTSE 100 lower
Currency

Rising trade tensions sends FTSE 100 lower

Mounting fears of a global trade war after the US slapped tariffs on imports from China sent British stocks to a 15-month low on Friday. The FTSE 100 ended the session 0.4 percent lower at 6,921.94 points, clawing back some losses after hitting its lowest
Published 24 Mar, 2018 12:00am
South East Asian stocks follow global markets lower

South East Asian stocks follow global markets lower

Southeast Asian stock markets fell sharply on Friday along with global equities amid an escalating trade spat between the United States and China. China urged the United States on Friday to "pull back from the brink" as US President Donald Trump's plans f
Published 24 Mar, 2018 12:00am
Sri Lankan stocks slip

Sri Lankan stocks slip

Sri Lankan shares slipped to their lowest close in more than eight weeks on Friday, led by beverage and telecom stocks as investors remained worried about the island nation's slower economic growth, brokers said. The Colombo stock index closed 0.12 percen
Published 24 Mar, 2018 12:00am
European shares fall further as mounting trade fears hit cyclicals

European shares fall further as mounting trade fears hit cyclicals

European shares fell on Friday, with autos and basic resources stocks bearing the brunt of a wide sell-off triggered by mounting worries that US tariffs on up to $60 billion of imports from China could escalate. Most sectors were trading in negative terri
Published 24 Mar, 2018 12:00am
China, HK stocks slump most in six weeks
Exchange

China, HK stocks slump most in six weeks

Fears of a trade war between the world's two largest economies jolted China's markets on Friday, with the country's main stock indexes tumbling the most in six weeks, while bond yields fell as investors rushed into less risky assets. But in contrast to st
Published 24 Mar, 2018 12:00am
Trade war fears boost demand for Treasuries

Trade war fears boost demand for Treasuries

US Treasury prices gained on Thursday on rising risk aversion as President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China. Under the terms of the memorandum, Trump will target
Published 24 Mar, 2018 12:00am
Trade war fears boost demand for Treasuries

Trade war fears boost demand for Treasuries

US Treasury prices gained on Thursday on rising risk aversion as President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China. Under the terms of the memorandum, Trump will target
Published 24 Mar, 2018 12:00am
Australian, New Zealand shares fall

Australian, New Zealand shares fall

Australia's benchmark share index tumbled to its lowest level in over a month on Friday as global equities reeled after President Donald Trump signed a memorandum that could impose heavy tariffs on imports from China - sparking fears of a global trade war
Published 24 Mar, 2018 12:00am
Indian shares drop

Indian shares drop

Indian shares fell over 1 percent on Friday, with the broader NSE index closing below the 10,000 level for the first time since October, after heated rhetoric between the United States and China over import tariffs sparked fears of a global trade war. The
Published 24 Mar, 2018 12:00am
Tokyo's Nikkei index slumps over 4.5 percent
Currency

Tokyo's Nikkei index slumps over 4.5 percent

Tokyo stocks plunge to a near six-month low on Friday as US President Donald Trump sparked fears of an all-out trade war after unveiling fresh tariffs against China, which in turn threatened its own measures. Investors were also spooked by the replacement
Published 24 Mar, 2018 12:00am
Sterling makes further gains against dollar
Currency

Sterling makes further gains against dollar

Sterling made further gains against the dollar on Friday and was set for its best week in eight after Britain agreed a Brexit transition deal and investors got some clarity over a possible interest rate hike in May. The British currency added 0.4 percent
Published 24 Mar, 2018 12:00am
Turks seen sticking with forex deposits despite flash sales
Exchange

Turks seen sticking with forex deposits despite flash sales

A trend which has seen Turks' holdings of foreign currency rise by $50 billion over the past five years should continue, bankers said, even after local investors sold currency and gold worth $1.3 billion last week as the lira plunged to a record low. The
Published 24 Mar, 2018 12:00am
Sri Lankan rupee closes steady
Currency

Sri Lankan rupee closes steady

The Sri Lankan rupee closed steady on Friday as exporter dollar sales and inward remittances offset demand for the US currency in early trade, dealers said. The rupee closed unchanged at 156.10/15 per dollar. "Demand (for dollars) was there in the morning
Published 24 Mar, 2018 12:00am
Aussie, kiwi falter on yen

Aussie, kiwi falter on yen

The Australian and New Zealand dollars stumbled to near 1-1/2 year lows against the Japanese yen as investors pulled away from risk amid fears a global trade war is looming and turmoil in the White House. The Australian dollar fell to 80.50 yen, its lowes
Published 24 Mar, 2018 12:00am
Most currencies soften as trade war fears grow
Exchange

Most currencies soften as trade war fears grow

Most Asian currencies softened on Friday as investors fled riskier assets after a volley of threats between the United States and China escalated fears of a global trade war. Markets had already been skittish ahead of proposed US steel and aluminium tarif
Published 24 Mar, 2018 12:00am
Canadian dollar retreats
Currency

Canadian dollar retreats

The Canadian dollar weakened against its US counterpart on Thursday, pulling back from an earlier 10-day high, as the potential for a global trade war offset optimism about a NAFTA trade deal. At 5 pm ET (2100 GMT), the Canadian dollar was trading 0.3 per
Published 24 Mar, 2018 12:00am
Yen stronger in NY as trade war fears hurts risk appetite
Exchange

Yen stronger in NY as trade war fears hurts risk appetite

The yen rose on Thursday, reaching a three-week peak against the dollar, as traders sought safety in the Japanese currency amid global trade tensions and weakness on Wall Street. US President Donald Trump signed a presidential memorandum on Thursday that
Published 24 Mar, 2018 12:00am
Dollar struggles in Europe on trade war fears
Currency

Dollar struggles in Europe on trade war fears

The dollar was pinned near one-month lows on Friday and was on course for its biggest weekly drop in four as investors feared escalating trade tensions could hurt global growth. Renewed optimism about growth prospects has brightened the outlook for higher
Published 24 Mar, 2018 12:00am
Yen rises, Turkish lira touches record low in Asia
Currency

Yen rises, Turkish lira touches record low in Asia

The yen hit a 16-month high against the dollar on Friday, while the Turkish lira skidded to a record low as rising global trade tensions triggered a bout of investor jitters. The yen rose amid talk of position unwinding by Japanese retail investors, who h
Published 24 Mar, 2018 12:00am
Yuan eases
Currency

Yuan eases

China's yuan eased against the US dollar on Friday amid growing corporate demand for the greenback, but appeared little fazed for now by escalating Sino-US trade tensions. Fears of a trade war between the world's two largest economies jolted China's equit
Published 24 Mar, 2018 12:00am
Strengthening federal polity against internal intrusion

Strengthening federal polity against internal intrusion

The vulnerability of a federal polity against the thrust of internal diversity is a phenomenon that is world wide. Even a seemingly durable federation such as that of Canada has been rocked by the Quebec-based incremental French diversity over the past fe
Published 24 Mar, 2018 12:00am
Uncommon commonsense

Uncommon commonsense

What nonsense! This word is most often used when confronted with the vagaries of life. Most people feel that life somehow always turns out to be different from what we plan; people behave in the most unexpected manner; events and circumstances keep on sli
Published 24 Mar, 2018 12:00am
World needs 'greener' water policies as demand rises: UN

World needs 'greener' water policies as demand rises: UN

Governments should focus on "greener" policies to improve the supply and quality of water as climate change and a growing global population threaten the water security of billions, the United Nations said on Monday. In its 2018 World Water Development Rep
Published 24 Mar, 2018 12:00am
ART FACTS: Vivid and ingrained impressions

ART FACTS: Vivid and ingrained impressions

Mehtab Ali's boldly rendered glamorous women have become his signature style. While various hues merge and submerge on his palette creating vivid and ingrained impressions, it is evident that the compositions were used to depict his state of mind, his cha
Published 24 Mar, 2018 12:00am
Fragments of thought

Fragments of thought

Mudassar Manzoor engaged viewers through his synchronizing dynamic compositions, colour tones and textures in an exhibition of paintings at Chawkandi Gallery, Karachi. Using traditional techniques and styles in a new innovative way Mudassar expressed both
Published 24 Mar, 2018 12:00am
Mini cars drive away children's fears of surgery

Mini cars drive away children's fears of surgery

Wearing a big grin, Marame clambers into the small electric sports car and drives off - to the operating theatre. The five-year-old girl is a patient at the public hospital in the northern French city of Valenciennes, which has begun using toys rather tha
Published 24 Mar, 2018 12:00am
Birders find their version of Eden in Colombia

Birders find their version of Eden in Colombia

Despite his small stature, 10-year-old Juan David Camacho has big dreams: pacing through Colombia's jungle with binoculars in tow, he aims to spot all the bird species his country offers. It's a mighty goal: Colombia boasts the greatest number of bird typ
Published 24 Mar, 2018 12:00am
Flu virus: Wily 'shapeshifter' always one step ahead
Exchange

Flu virus: Wily 'shapeshifter' always one step ahead

On a March morning 100 years ago, a soldier in Kansas reported to the infirmary with a fever, muscle aches, and a sore throat. By lunchtime, records state, dozens had joined him, stricken with what would become known as the Spanish Flu. Within months, the
Published 24 Mar, 2018 12:00am
International Women's Day celebrated across the globe

International Women's Day celebrated across the globe

How International Women's Day was celebrated around the world on 8th March. The day is "a global celebration of women's social, political, and cultural achievements from the past and present, while pushing for progress for future generations." This year's
Published 24 Mar, 2018 12:00am
'Strangers' sequel 'preys' for another box office hit

'Strangers' sequel 'preys' for another box office hit

A man with a sack over his head brandishes a bloodied machete, cheerfully warning bystanders not to get trampled by his panicked victims, who aren't really looking where they're going. It seems somehow incongruous to be offered health and safety advice fr
Published 24 Mar, 2018 12:00am
From 'the sticks' to opera top bill, thanks to karaoke

From 'the sticks' to opera top bill, thanks to karaoke

Swinging with the karaoke microphone, Lucas Meachem belted out an "I Believe I Can Fly" that would instantly put to shame any unsuspecting amateur who stumbled into the cozy New York bar. His voice packing an R&B brassiness yet refined with an unforced vi
Published 24 Mar, 2018 12:00am
Nanette Fabray, winner of Emmy and Tony awards, dead at 97

Nanette Fabray, winner of Emmy and Tony awards, dead at 97

Nanette Fabray, a child performer in the 1920s who went on to star in Broadway musicals, dance with Fred Astaire on the big screen and win three Emmy Awards working with Sid Caesar during television's Golden Age, has died at the age of 97, media reports s
Published 24 Mar, 2018 12:00am
BRIDGE NOTES: Signaling in Bridge has many facets

BRIDGE NOTES: Signaling in Bridge has many facets

In Bridge, signaling for better defense is almost universally accepted as very necessary. But at the same time the signal also alerts the opposing side that is the declarer, to judge the distribution and place the key cards with each defender more accurat
Published 24 Mar, 2018 12:00am
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