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Print - 2018-03-26
Israel PM eyes Mumbai flights after Saudi opens airspace

Israel PM eyes Mumbai flights after Saudi opens airspace

Israeli Prime Minister Benjamin Netanyahu said Sunday he hopes to slash flight times between Tel Aviv and India's financial capital Mumbai, days after Air India ran the first scheduled Israel-bound service to cross Saudi airspace. The flight from New Delh
Published 26 Mar, 2018 12:00am
Israel PM eyes Mumbai flights after Saudi opens airspace

Israel PM eyes Mumbai flights after Saudi opens airspace

Israeli Prime Minister Benjamin Netanyahu said Sunday he hopes to slash flight times between Tel Aviv and India's financial capital Mumbai, days after Air India ran the first scheduled Israel-bound service to cross Saudi airspace. The flight from New Delh
Published 26 Mar, 2018 12:00am
SSC exams in Hyderabad begin tomorrow

SSC exams in Hyderabad begin tomorrow

The Chairman Board of Intermediate and Secondary Education (BISE) Hyderabad Professor Dr Muhammad Memon has informed that the Secondary School Certificate part I and II exams will commence from March 27. He told a press conference at the BISE's office her
Published 26 Mar, 2018 12:00am
Port & Shipping playing vital role to boost economy: Bizenjo

Port & Shipping playing vital role to boost economy: Bizenjo

Minister for Maritime Affairs Mir Hasil Khan Bizenjo Sunday said Maritime, Port and Shipping were playing an important role to further strengthen the national economy. China had given importance to Gwadar port because it was focusing to trade with other c
Published 26 Mar, 2018 12:00am
KPRA generates Rs 35 billion revenue in four years

KPRA generates Rs 35 billion revenue in four years

The Khyber Pakhtunkhwa Revenue Authority (KPRA) has generated a total revenue of Rs 35 billion from its inception to till June 30, 2017, said Annual 20116-17 Report of the authority The authority as corporate entity was established under the Khyber Pakhtu
Published 26 Mar, 2018 12:00am
LEA officials flood VIP gallery to Naila Bhatti's disappointment

LEA officials flood VIP gallery to Naila Bhatti's disappointment

Pakistan Super League (PSL) Project Manager Naila Bhatti was seen begging rangers and army officials not to flood in an apparently empty VIP Gallery during the PSL final that was declared dangerous by NESPAK here on Sunday at National Stadium. "It has bee
Published 26 Mar, 2018 12:00am
Digital listing of medicines under way

Digital listing of medicines under way

Pharmaceutical Evaluation and Registration Division of Drug Regulatory Authority of Pakistan (DRAP) is continuously working on digital listing of all registered drugs to facilitate concerned stakeholders and healthcare professionals. According to an offic
Published 26 Mar, 2018 12:00am
Pakistan to become industrial hub of South Asia: Ahsan

Pakistan to become industrial hub of South Asia: Ahsan

Minister for Interior Ahsan Iqbal has said China Pakistan Economic Corridor (CPEC) had great importance for both the countries and Pakistan would become an industrial hub of South Asia after the completion of the project. CPEC would connect not only China
Published 26 Mar, 2018 12:00am
Three fake soft drink factories sealed

Three fake soft drink factories sealed

The Punjab Food Authority (PFA) on Sunday sealed three illegal factories for producing fake soft drinks with the label of famous carbonated drink companies and discarded more than 30,000 fake cola drinks during their operation against them. PFA raiding te
Published 26 Mar, 2018 12:00am
Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witnessed a mixed trend during the week past against preceding week, a survey conducted by Business Recorder revealed here on Sunday. The survey observed that prices of most of the vegetables as well as of chicken,
Published 26 Mar, 2018 12:00am
PML-N brings an end to load-shedding, claims Shahbaz

PML-N brings an end to load-shedding, claims Shahbaz

Chief Minister Punjab Shahbaz Sharif has said that the PML-N government has pulled Pakistan out of the darkness by eliminating load shedding forever. It completed power projects on fast track to produce thousands of MW electricity to meet the national dem
Published 26 Mar, 2018 12:00am
FBR acknowledges decrease in illicit cigarette trade

FBR acknowledges decrease in illicit cigarette trade

In its budget preparation exercise (2018-19) regarding excisable commodities, Federal Board of Revenue (FBR) will take into account direct impact of changes in the Federal Excise Duty (FED) on cigarettes on decrease in illicit trade of non-duty-paid cigar
Published 26 Mar, 2018 12:00am
People urged to renew support for Kashmiris' freedom struggle

People urged to renew support for Kashmiris' freedom struggle

Taimur Khan Jhagra, a local leader of PTI has urged upon the people to renew their pledge of support to the people of Held Jammu and Kashmir in their struggle in right of self-determination. Addressing a public meeting in connections with Pakistan Day, he
Published 26 Mar, 2018 12:00am
Pak-Turkish ties tied in bonds of religion and culture: Sadiq
Exchange

Pak-Turkish ties tied in bonds of religion and culture: Sadiq

The Speaker National Assembly Sardar Ayaz Sadiq has said that Pakistan attaches great importance it relations to Turkey and both the fraternal countries are tied in the bonds of religion, history and culture. He said that the existing relations can be fur
Published 26 Mar, 2018 12:00am
Railways submits final draft to upgrade ML-1 under CPEC

Railways submits final draft to upgrade ML-1 under CPEC

Pakistan Railways has submitted the final draft of six sub-projects of Phase-I for the expansion and up gradation of Main Line (ML-1) under China-Pak Economic Corridor (CPEC). "On the basis of preliminary design, the PC-I of Phase-I of six sub-projects' w
Published 26 Mar, 2018 12:00am
Pakistan Day parade: President felicitates Armed Forces

Pakistan Day parade: President felicitates Armed Forces

President Mamnoon Hussain Sunday congratulated the Armed Forces for successfully arranging the marvellous Pakistan Day parade which reflected their exemplary discipline, defence capabilities and professional preparedness. He was addressing the prize distr
Published 26 Mar, 2018 12:00am
Encounter killing: SC summons all accused including cops on April 7

Encounter killing: SC summons all accused including cops on April 7

The Supreme Court (SC) on Sunday converting an application, moved by a mother against killing of his son in an alleged encounter, into a suo motu notice, summoned all accused including police officials for April 7. The court also summoned Additional Inspe
Published 26 Mar, 2018 12:00am
Draft of AJK's Tourism Policy 2018 prepared

Draft of AJK's Tourism Policy 2018 prepared

The Azad Jammu Kashmir (AJK) Tourism Department has prepared a draft Tourism Policy 2018 in consultation with all the stakeholders. The Tourism policy will then be finalized by a committee headed by Secretary Tourism and Archeology and consequently will b
Published 26 Mar, 2018 12:00am
Deadline for commercial activities in Cantt limits to expire on March 31

Deadline for commercial activities in Cantt limits to expire on March 31

The deadline given by the Rawalpindi and Chaklala Cantonment Boards (RCB) and (CCB) to end commercial activities including schools from residential areas will end on March 31 and both the Boards have clarified that no one will be allowed to continue with
Published 26 Mar, 2018 12:00am
Around 5,000 KU students to get laptops under PM scheme

Around 5,000 KU students to get laptops under PM scheme

Around 5,000 students of the Karachi University (KU) will be awarded laptops under the Prime Minister Laptop Scheme Phase 4-5. The opening ceremony for the laptops' distribution will be held at KU, KIBGE Auditorium, Dr A Q Khan Institute, on Tuesday, Marc
Published 26 Mar, 2018 12:00am
Balochistan's resources should be utilized for its development: minister

Balochistan's resources should be utilized for its development: minister

Minister for SAFRON Lieutenant-General Abdul Qadir Baloch (r) has said that Balochistan's resources should be utilized for its development and prosperity of the province. The Pakistan Muslim League-Nawaz (PML-N) government and valiant armed forces of the
Published 26 Mar, 2018 12:00am
Supreme Court orders PMDC to decide about three new medical colleges

Supreme Court orders PMDC to decide about three new medical colleges

The Supreme Court (SC) on Sunday ordered Pakistan Medical and Dental Council (PMDC) to finalize the applications of three new medical colleges including Al-Aleem Medical College Lahore, Niazi Medical College Sargodha and CMH Kharian Medical College for re
Published 26 Mar, 2018 12:00am
Oxfam to train female humanitarian leaders for worthy role

Oxfam to train female humanitarian leaders for worthy role

The Oxfam, a Non-Government Organization, on Sunday claimed to reach every nook and cranny of the country to train female humanitarian leaders for their worthy role in catastrophic conditions. The initiative to be taken up in collaboration with National D
Published 26 Mar, 2018 12:00am
HEC to award 100 law scholarships to Baloch graduates

HEC to award 100 law scholarships to Baloch graduates

The Higher Education Commission (HEC) will provide 100 scholarships to graduates from Balochistan in law education, as the Central Development Working Party (CDWP) has approved the project worth Rs 448.735 million. Aayesha Ikram Director (Media), HEC told
Published 26 Mar, 2018 12:00am
UK Diabetes Conference: research papers of Pakistani doctors appreciated

UK Diabetes Conference: research papers of Pakistani doctors appreciated

As many as three research papers, presented by Pakistani doctors serving at Lahore General Hospital, have earned a lot of appreciation and applause from the participants of Five Day UK Professional Diabetes Conference 2018 held at London. Pakistani doctor
Published 26 Mar, 2018 12:00am
Nawaz also responsible for lawlessness in Karachi: PPP leader

Nawaz also responsible for lawlessness in Karachi: PPP leader

Central leader Pakistan Peoples Party (PPP) Saeed Ghani has said that former Prime Minister Nawaz Sharif is also responsible to mar the law and order situation in Karachi. Responding to criticism of Pakistan Muslim League (PML-N) leader Maryam Nawaz again
Published 26 Mar, 2018 12:00am
Government wishes to have durable ties with neighbours: Asif

Government wishes to have durable ties with neighbours: Asif

Foreign Minister Khawaja Muhammad Asif said that Pakistan is peace loving country and keen in developing cordial relations with its neighboring counties on bases of equal footings for maintaining peace in the region. Talking to Business Recorder he
Published 26 Mar, 2018 12:00am
BSEK chalks out plan to do away with UFM in exams

BSEK chalks out plan to do away with UFM in exams

Board of Secondary Education Karachi after re-structuring its examination system through policy and systematic changes and technology up-gradation is fully prepared to resist all methods of cheating and tempering with exam process despite different kinds
Published 26 Mar, 2018 12:00am
Imran to be next PM, claims KP Assembly speaker

Imran to be next PM, claims KP Assembly speaker

Speaker, Khyber Pakhtunkhwa Assembly, Asad Qaiser on Sunday said that Imran Khan will become the prime minister of the country after the general elections of 2018, saying PTI will form federal and provincial governments in all four provinces of the countr
Published 26 Mar, 2018 12:00am
Ban on cultivation of cotton
Cotton

Ban on cultivation of cotton

There is a complete ban on cultivation of cotton in the province before the start of April. Punjab agriculture department sources said this here on Sunday. Sources said that attack chances of pink bollworm on early-sown cotton increases. And keeping in vi
Published 26 Mar, 2018 12:00am
National Art Competition: international jury announces 26 finalists

National Art Competition: international jury announces 26 finalists

An international jury Sunday announced 26 finalists of a nationwide art competition on UN's Sustainable Development Goals (SDGs) here at the Pakistan National Council of the Arts (PNCA). Organised by the Embassy of Switzerland in collaboration with partne
Published 26 Mar, 2018 12:00am
Foreign players advised to enjoy kabab

Foreign players advised to enjoy kabab

Chief Minister Punjab Shahbaz Sharif on a lighter note in his tweet has recommended the foreign players participating in PSL-3 to eat delicious kebab during their stay in Karachi. CM wrote I will suggest the foreigners coming to Karachi not forget to eat
Published 26 Mar, 2018 12:00am
PSL final revives glory of Karachi: Sherry

PSL final revives glory of Karachi: Sherry

The Opposition Leader in Senate Sherry Rehman said holding PSL final in Karachi has once again revived the glory of the city of lights. Talking to the media today, the PPP leader said entire nation is waiting for the PSL final as return of cricket to such
Published 26 Mar, 2018 12:00am
Final brings first PSL job to Karachi-based scorers

Final brings first PSL job to Karachi-based scorers

Karachi-based scorers have been assigned their first task in Pakistan Super League (PSL) on Sunday when its final match was being played at National Stadium. The scorers also play an important role in a cricket match. But, for four scorers, some of whom e
Published 26 Mar, 2018 12:00am
Cricket fans buy PSL finale tickets at much higher rates

Cricket fans buy PSL finale tickets at much higher rates

Despite deployment of beefed up security, cricket fans had to buy PSL's finale tickets at cent percent higher than actual prices outside the gates of National Stadium, here on Sunday. The social media sites were used for black marketing of tickets because
Published 26 Mar, 2018 12:00am
JI chief holds Muslim League, PPP responsible for fall of Dhaka

JI chief holds Muslim League, PPP responsible for fall of Dhaka

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that both the Muslim League and the PPP were responsible for the problems being faced by the people and also the fall of Dhaka in 1971. While addressing a large public meeting at Sambrial (Sialkot) o
Published 26 Mar, 2018 12:00am
China air force drills again in South China Sea, Western Pacific

China air force drills again in South China Sea, Western Pacific

China's air force has held another round of drills in the disputed South China Sea and the Western Pacific after passing though Japan's southern islands, the air force said on Sunday, calling such exercises the best preparation for war. China is in the mi
Published 26 Mar, 2018 12:00am
Mugabe's wife Grace under probe for ivory smuggling

Mugabe's wife Grace under probe for ivory smuggling

Zimbabwean police are investigating former ruler Robert Mugabe's wife Grace, accused of smuggling ivory worth millions to underground foreign markets, a state-owned weekly reported Sunday. The Sunday Mail said investigators from the parks and wildlife aut
Published 26 Mar, 2018 12:00am
Multiple casualties in suicide attack on Afghan mosque

Multiple casualties in suicide attack on Afghan mosque

Two suicide attackers struck a Shia mosque in Afghanistan Sunday, killing at least one person and wounding eight others, officials said, in the latest assault against the Muslim minority claimed by the Islamic State group. The men stormed the grounds of t
Published 26 Mar, 2018 12:00am
Five dead, 30 wounded in Siberia shopping mall fire

Five dead, 30 wounded in Siberia shopping mall fire

Five people including a child have died and another 30 were wounded in a major fire in a Siberian shopping centre, Russia's Investigative Committee said on Sunday. "Three women, a child and a man have been killed" and 30 people hospitalised following the
Published 26 Mar, 2018 12:00am
Turkey to target new town in Syria operation: Erdogan

Turkey to target new town in Syria operation: Erdogan

Turkey on Sunday said the northern Syrian town of Tal Rifaat would be the next target of its cross-border campaign after the capture of Afrin from Syrian Kurdish militia. "God willing, we will ensure this operation achieves its goal after taking control o
Published 26 Mar, 2018 12:00am
Ivory Coast ruling coalition wins first senate elections

Ivory Coast ruling coalition wins first senate elections

Ivory Coast's ruling coalition won an overwhelming victory Saturday in the country's first senatorial elections, which were boycotted by the opposition who have accused the electoral commission of bias. The Rally of Houphouetists for Democracy and Peace (
Published 26 Mar, 2018 12:00am
Tearful Syrians in rebel enclave begin new evacuation

Tearful Syrians in rebel enclave begin new evacuation

Several thousand Syrian rebels and civilians began leaving a ravaged pocket of Eastern Ghouta on Sunday, in fresh evacuations that further emptied the former rebel bastion. Five weeks since the Syrian regime launched an all-out assault on Ghouta, it holds
Published 26 Mar, 2018 12:00am
Israeli warplanes hit Hamas in Gaza

Israeli warplanes hit Hamas in Gaza

Israeli jets pounded Hamas positions in Gaza overnight after Palestinians staged a cross-border raid into southern Israel, the military said early Sunday. "Israel Air Force fighter jets targeted a terror target in a military compound belonging to the Hama
Published 26 Mar, 2018 12:00am
EU defends controversial Juncker aide promotion

EU defends controversial Juncker aide promotion

The European Commission on Sunday insisted the controversial promotion of President Jean-Claude Juncker's top aide and enforcer was "in full compliance" with rules despite a growing cronyism row. The commission, the EU's powerful executive arm, said there
Published 26 Mar, 2018 12:00am
EU 'extremely concerned' after DR Congo shuns aid talks

EU 'extremely concerned' after DR Congo shuns aid talks

The EU said on Sunday it was "extremely concerned" about DR Congo after the country announced it would decline a $1.7 billion international aid package. A war of words broke out between the United Nations and DR Congo after Kinshasa said on Friday it woul
Published 26 Mar, 2018 12:00am
Tanzania road crash leaves 24 dead

Tanzania road crash leaves 24 dead

Twenty-four people died after a bus collided with a truck in eastern Tanzania on Saturday evening, according to a witness and press reports. "A public transport minibus collided with a truck in Mparanga, in the Mkuranga district," witness John Nyoni told
Published 26 Mar, 2018 12:00am
Abe apologises amid cronyism scandal, vows to revise constitution

Abe apologises amid cronyism scandal, vows to revise constitution

Japanese Prime Minister Shinzo Abe, his ratings in a slump amid a suspected cronyism scandal and cover-up, apologised again on Sunday for causing anxiety and loss of confidence in his government. Protesters urged Abe to resign, as riot police kept tight s
Published 26 Mar, 2018 12:00am
Singer Assia, Eurovision's first-ever winner, dies
Kerb

Singer Assia, Eurovision's first-ever winner, dies

Swiss singer Lys Assia, the first-ever winner of the Eurovision Song Contest, has died aged 94, the competition's organisers said. Assia, who won the first edition of the contest in 1956 in Lugano, Switzerland, with the song "Refrain", "passed away on Mar
Published 26 Mar, 2018 12:00am
US rally organisers vow no letup in gun control campaign

US rally organisers vow no letup in gun control campaign

Student organisers of gun control rallies that drew hundreds of thousands to US streets vowed Sunday there will be no letup in their campaign for reform. The nationwide protests on Saturday were by far the largest in nearly two decades, part of a reignite
Published 26 Mar, 2018 12:00am
Egypt accuses expelled Times reporter of 'breaking law'

Egypt accuses expelled Times reporter of 'breaking law'

The Egyptian government's State Information Service said on Sunday it had expelled a British journalist for The Times for breaking the law by conducting interviews without a press permit. The London newspaper said on Saturday that its correspondent Bel Tr
Published 26 Mar, 2018 12:00am
Egypt police kill Alexandria bombing suspects
Exchange

Egypt police kill Alexandria bombing suspects

Egypt's interior ministry said police on Sunday killed six alleged Islamist militants suspected of involvement in a failed assassination attempt against a security chief. The Alexandria security chief General Mostafa el-Nemr survived a car bombing aimed a
Published 26 Mar, 2018 12:00am
France pays tribute to victims of jihadist attack

France pays tribute to victims of jihadist attack

Hundreds of mourners packed a church in a rural French town rocked by a deadly Islamist attack for a Sunday service in tribute to the victims, who included a policeman hailed as a hero for offering himself in place of a hostage. Lieutenant-Colonel Arnaud
Published 26 Mar, 2018 12:00am
Four killed in Mogadishu car bomb attack

Four killed in Mogadishu car bomb attack

At least four people were killed Sunday in a suicide car bomb attack in central Mogadishu, police and witnesses said. "There was a blast at a checkpoint close to the interior ministry. Four people were killed including two members of the security forces,"
Published 26 Mar, 2018 12:00am
'Horrible 24 hours' as Australia's day of shame ends in 322-run rout

'Horrible 24 hours' as Australia's day of shame ends in 322-run rout

Australian cricket's day of shame ended in a crushing 322-run defeat by South Africa on the fourth day of the the third Test at Newlands on Sunday. Set an unlikely 430 to win, Australia were bowled out for a paltry 107, with fast bowler Morne Morkel takin
Published 26 Mar, 2018 12:00am
Vettel holds off Hamilton to win Australian GP thriller

Vettel holds off Hamilton to win Australian GP thriller

Sebastian Vettel won a thrilling duel with world champion Lewis Hamilton to steal the season-opening Australian Formula One Grand Prix in Melbourne on Sunday. The four-time world champion got the jump on the Mercedes ace off a miscalculation on the pit st
Published 26 Mar, 2018 12:00am
England three down, need another 237 to save Test

England three down, need another 237 to save Test

New Zealand snapped up three wickets Sunday, including that of Joe Root with the last ball of the day, to pin down an England side battling to salvage a draw from the first Test. At stumps England were 132 for three, still needing another 237 runs on the
Published 26 Mar, 2018 12:00am
Federer to lose No. 1 ranking after shock loss to Kokkinakis

Federer to lose No. 1 ranking after shock loss to Kokkinakis

Roger Federer's latest reign atop the world rankings will end after the Swiss great's shock loss to Australian qualifier Thanasi Kokkinakis in the second round of the Miami Masters on Saturday. Kokkinakis, ranked 175th in the world, needed a wild card jus
Published 26 Mar, 2018 12:00am
Hong Kong beat Pakistan to win Asian Squash Team Championship

Hong Kong beat Pakistan to win Asian Squash Team Championship

Hong Kong run down Pakistan's quest for the title after securing a one-sided victory in the final of the Asian Team Squash Championship played at Cheongju, South Korea Sunday. Pakistan's top guns Farhan Zaman and Tayyub Aslam did not succumb to the pressu
Published 26 Mar, 2018 12:00am
We believe we can win World Cup: Afghan skipper

We believe we can win World Cup: Afghan skipper

Afghanistan captain Asghar Stanikzai said his side will head into next year's World Cup aiming to lift the trophy, after capping a remarkable recovery in qualifying by thrashing the West Indies in Sunday's final. Both Afghanistan and West Indies had alrea
Published 26 Mar, 2018 12:00am
World number one Halep crashes out of Miami Open

World number one Halep crashes out of Miami Open

World number one Simona Halep tumbled out of the Miami Open on Saturday, falling 3-6, 6-2, 6-3 to Poland's Agnieszka Radwanska. The third-round defeat comes a week after Romania's Halep was toppled in the semi-finals at Indian Wells by Japan's Naomi Osaka
Published 26 Mar, 2018 12:00am
Vivendi selling Ubisoft stake for $2.45 billion

Vivendi selling Ubisoft stake for $2.45 billion

French media giant Vivendi is selling its stake in Ubisoft for 2 billion euros ($2.45 billion) to investors including Chinese tech titan Tencent, ending a potential takeover battle for the French video games maker. Billionaire Vincent Bollore's Vivendi, w
Published 26 Mar, 2018 12:00am
Next sees respite for UK consumer despite profit fall

Next sees respite for UK consumer despite profit fall

British clothing chain Next reported an 8 percent fall in annual profit and forecast a third straight decline this year but said the squeeze on UK consumers should ease. Shares in Next, which trades from more than 500 stores in the UK and Ireland and oper
Published 26 Mar, 2018 12:00am
ANZ explores listing of NZ vehicle finance unit after HNA sale failure

ANZ explores listing of NZ vehicle finance unit after HNA sale failure

Australia and New Zealand Banking Group said on Tuesday it is considering an initial public offering (IPO) of its New Zealand-based vehicle finance unit UDC, following the failed sale of the NZ$660 million ($477.8 million) business to China's HNA Group. A
Published 26 Mar, 2018 12:00am
FedEx quarterly profit higher

FedEx quarterly profit higher

Package delivery company FedEx Corp on Tuesday reported a higher quarterly net profit on revenue gains, strong volumes and changes to US tax law even as it was hurt by peak holiday season costs and bad weather. Shares in the Memphis-based company, conside
Published 26 Mar, 2018 12:00am
FedEx quarterly profit higher

FedEx quarterly profit higher

Package delivery company FedEx Corp on Tuesday reported a higher quarterly net profit on revenue gains, strong volumes and changes to US tax law even as it was hurt by peak holiday season costs and bad weather. Shares in the Memphis-based company, conside
Published 26 Mar, 2018 12:00am
Emaar, Aldar to launch joint projects worth up to $8.2 billion

Emaar, Aldar to launch joint projects worth up to $8.2 billion

United Arab Emirates (UAE) developers Emaar Properties and Aldar Properties signed a joint venture agreement on Tuesday to develop local and international projects worth as much as 30 billion dirhams ($8.2 billion). The state-linked developers will work t
Published 26 Mar, 2018 12:00am
China Mobile warns of revenue pressure

China Mobile warns of revenue pressure

China Mobile, the world's biggest mobile phone operator by subscribers, warned on Thursday of revenue pressure as it plans to cut prices by more than 30 percent this year in response to a government initiative. China's central government in February asked
Published 26 Mar, 2018 12:00am
China renews pledges to open economy, protect IP rights

China renews pledges to open economy, protect IP rights

China pledged on Sunday to press ahead with market opening and reforms while reiterating that it will treat domestic and foreign firms equally and protect intellectual property rights. The pledge on reform and equal treatment came from Vice Premier Han Zh
Published 26 Mar, 2018 12:00am
DP World wins 30-year Congo port concession

DP World wins 30-year Congo port concession

DP World said on Sunday it had won a 30-year management and development concession for a greenfield, multi-purpose port in the Democratic Republic of the Congo (DRC). The Dubai-owned port operator will set up joint venture with the Central African country
Published 26 Mar, 2018 12:00am
Qantas launches first direct flight from Australia to London

Qantas launches first direct flight from Australia to London

Australia's first direct flight to Britain took off on Sunday from the western city of Perth, cutting flying time roughly three hours by skipping stopovers in Singapore or the Middle East, Qantas officials said. The 17-hour flight, operated by a Boeing 78
Published 26 Mar, 2018 12:00am
Abu Dhabi's utility folded into new energy department

Abu Dhabi's utility folded into new energy department

Abu Dhabi has folded utility Abu Dhabi Water & Electricity Authority (Adwea) into the emirate's newly established department of energy as part of a consolidation of state-owned entities, a spokesman for the department said on Sunday. The Regulation & Supe
Published 26 Mar, 2018 12:00am
Booming online luxury goods sales convert watchmakers to the web

Booming online luxury goods sales convert watchmakers to the web

A boom in online luxury goods sales is finally convincing high-end watchmakers, long sceptical that customers would pay thousands to buy intricate timepieces on the web, to step up their investments in e-commerce. Courting younger shoppers, brands large a
Published 26 Mar, 2018 12:00am
South Korea, US reach accord in principle on trade

South Korea, US reach accord in principle on trade

South Korea and the United States have reached an understanding on revising their free trade agreement (FTA) and on steel tariffs, Seoul's trade minister said Sunday. "Agreement on the bilateral FTA and steel issues has been reached in principle," Kim Hyu
Published 26 Mar, 2018 12:00am
Uber to sell Southeast Asia business to Grab

Uber to sell Southeast Asia business to Grab

Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the US company's second retreat from Asia. The deal, which
Published 26 Mar, 2018 12:00am
Shale firms pump up dividends as industry focus on returns grows

Shale firms pump up dividends as industry focus on returns grows

Nearly a third of the 25 top US shale oil producers have paid or pledged to pay dividends this year, according to Reuters review of financial filings, the largest number since the shale boom took off a decade ago. Oil prices have risen by over a third in
Published 26 Mar, 2018 12:00am
Israel to launch Big Data health project

Israel to launch Big Data health project

Israel will invest nearly 1 billion shekels ($287 million) in a project to make data about the state of health of its population available to researchers and private companies, Prime Minister Benjamin Netanyahu said on Sunday. Almost all of Israel's nine
Published 26 Mar, 2018 12:00am
Johnson slams claims Brexit campaign broke spending rules

Johnson slams claims Brexit campaign broke spending rules

British Foreign Secretary Boris Johnson, a leading campaigner for Brexit, dismissed as "ludicrous" Saturday allegations that his side broke electoral spending rules during the 2016 EU referendum campaign. A whistleblower claimed that Vote Leave, the main
Published 26 Mar, 2018 12:00am
Algeria vows tax reform in energy sector, eyes shale gas cooperation

Algeria vows tax reform in energy sector, eyes shale gas cooperation

Algeria plans to offer tax incentives in a planned new energy law to attract more investment and is in discussion with foreign energy firms including BP and Anadarko to exploit its shale gas reserves, officials said on Sunday. Opec member Algeria is a key
Published 26 Mar, 2018 12:00am
Wall Street week ahead: globalists buck US index fund trend

Wall Street week ahead: globalists buck US index fund trend

Volatility in US equity markets this year is pushing investors not only to invest in stocks abroad, but also to commit their money to an even more foreign place: the hands of stockpickers rather than index funds. A near decade of gains in US stock prices
Published 26 Mar, 2018 12:00am
France to create legal framework for cryptocurrency offerings
Currency

France to create legal framework for cryptocurrency offerings

France plans to create a legal framework for raising funds via cryptocurrencies and aims to become a leading centre for offerings in bitcoin-style digital currencies, its finance minister wrote on a news website. In an opinion piece on French website Nume
Published 26 Mar, 2018 12:00am
Spotify to go public on April 3
Exchange

Spotify to go public on April 3

Spotify will go public on April 3 as the world's largest streaming company lists on the New York Stock Exchange. Paul Vogel, the Swedish company's head of investor relations, made the announcement at the start of a day of briefings to potential funders in
Published 26 Mar, 2018 12:00am
Wall Street's beloved FANG stock quartet maybe be breaking up

Wall Street's beloved FANG stock quartet maybe be breaking up

The quartet of technology stocks that has driven Wall Street indices to record highs in recent years may be breaking up, possibly undermining one of the best growth stories in a nine-year bull market. Facebook and Google-parent Alphabet tumbled this week
Published 26 Mar, 2018 12:00am
ECB ready to lend more bonds against cash

ECB ready to lend more bonds against cash

The European Central Bank has raised a cap on how many bonds it can lend to investors against cash, it said on Friday, boosting a tool that has helped ease a drought in sought-after government paper. The ECB is now prepared to lend out government bonds bo
Published 26 Mar, 2018 12:00am
ECB ready to lend more bonds against cash

ECB ready to lend more bonds against cash

The European Central Bank has raised a cap on how many bonds it can lend to investors against cash, it said on Friday, boosting a tool that has helped ease a drought in sought-after government paper. The ECB is now prepared to lend out government bonds bo
Published 26 Mar, 2018 12:00am
China money rates fall

China money rates fall

China's primary money rates fell this week on ample liquidity in the banking system, shrugging off a slight increase in short-term rates by the central bank following the Federal Reserve's hike in US ones. The People's Bank of China's (PBOC) move was a re
Published 26 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 26 Mar, 2018 12:00am
Dana Gas lifts Abu Dhabi index; some Saudi blue-chips advance

Dana Gas lifts Abu Dhabi index; some Saudi blue-chips advance

Gulf stock markets were generally little changed on Sunday, though Abu Dhabi's Dana Gas surged on news of plans for its first annual dividend for several years. The Abu Dhabi index rose 0.8 percent as Dana Gas jumped 8.3 percent after the board said it wo
Published 26 Mar, 2018 12:00am
Stock market principles needed in crypto world: US SEC official
Exchange

Stock market principles needed in crypto world: US SEC official

The cryptocurrency trading marketplace could be improved by applying some of the principles from the stock market such as best execution and surveillance, a senior US Securities and Exchange Commission official said on Thursday. While the cryptocurrency m
Published 26 Mar, 2018 12:00am
Stock market principles needed in crypto world: US SEC official
Exchange

Stock market principles needed in crypto world: US SEC official

The cryptocurrency trading marketplace could be improved by applying some of the principles from the stock market such as best execution and surveillance, a senior US Securities and Exchange Commission official said on Thursday. While the cryptocurrency m
Published 26 Mar, 2018 12:00am
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