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Print - 2018-10-17
Oil up; Iran, Saudi supply worries offset US supply growth

Oil up; Iran, Saudi supply worries offset US supply growth

Oil prices edged up in cautious trade on Tuesday as expectations of higher US shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming US sanctions on Iran and growing tensions with top exporter S
Published 17 Oct, 2018 12:00am
Biometric bank accounts

Biometric bank accounts

Biometric verification has been made mandatory for opening a new bank account with effect from 1st January, 2016. However, now, the State Bank of Pakistan (SBP) has decided biometric verification of all bank accounts opened even before this date as a part
Published 17 Oct, 2018 12:00am
Not a very happy outcome for PTI

Not a very happy outcome for PTI

Although in Sunday's by-elections the ruling PTI increased its numerical strength in the National and Punjab assemblies, its main rival the PML-N has given it a good run for its money. Out of the 11 NA seats up for grabs the two parties won four each; tho
Published 17 Oct, 2018 12:00am
From petro-dollar to petro-yuan?
Currency

From petro-dollar to petro-yuan?

Federal Finance Minister Asad Umar on his return from Indonesia where he formally applied for an IMF bailout, rejected the US claim that the China-Pakistan Economic Corridor (CPEC) was responsible for Pakistan's debt problems and the need for IMF bailout.
Published 17 Oct, 2018 12:00am
Suo motu jurisdiction of Supreme Court

Suo motu jurisdiction of Supreme Court

Constitution confers judicial power on Courts. The Constitution and law also provide for the distribution and manner of exercise of the judicial power by different courts. It is called jurisdiction. Jurisdiction is determined by the Constitution and law a
Published 17 Oct, 2018 12:00am
Softbank pushes link-ups as insurance strategy takes shape

Softbank pushes link-ups as insurance strategy takes shape

Softbank's Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters.
Published 17 Oct, 2018 12:00am
'Going to IMF'

'Going to IMF'

This is apropos a Business Recorder op-ed "Going to IMF" carried by the newspaper yesterday. The writer, Dr Hafiz A Pasha, has presented, as usual, a scholarly perspective on an economic issue of great national import. It is a well known fact that
Published 17 Oct, 2018 12:00am
USAID signs MoUs with 10 leading private sector's agri-tech companies

USAID signs MoUs with 10 leading private sector's agri-tech companies

USAID Pakistan through the Pakistan Agricultural Technology Transfer Activity signed Memoranda of Understanding (MoUs) with 10 leading private sector agri-tech companies to help scale up investments in affordable new agricultural technologies.
Published 17 Oct, 2018 12:00am
KPEZDMC projects to reshape industrial landscape: CEO

KPEZDMC projects to reshape industrial landscape: CEO

The Chief Executive Officer, Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC), Saeed Ahmed said that the commitment of KPEZDMC is to deliver projects which will truly reshape the industrial landscape of KP and Pakistan. In a
Published 17 Oct, 2018 12:00am
Power projects: PML-N rejects allegations of any wrongdoing

Power projects: PML-N rejects allegations of any wrongdoing

Pakistan Muslim League-Nawaz (PML-N) Tuesday rejected the allegations of any wrongdoing in the power projects and described the government's announcement of audit into the projects as an "excuse" to increase the power tariff.
Published 17 Oct, 2018 12:00am
World Food Day: Minister vows to reduce hunger to zero by 2030

World Food Day: Minister vows to reduce hunger to zero by 2030

Federal Minister for National Food Security and Research Sahibzada Muhammad Sultan has said that the government will utilise all means to meet the zero hunger target set by the Food and Agriculture Organisation (FAO) for member nations by 2030. He said th
Published 17 Oct, 2018 12:00am
Zainab's murderer to be hanged October 17

Zainab's murderer to be hanged October 17

A pedophile and serial killer who murdered the seven-year-old Zainab in Kasur will be hanged at Lahore Central Jail on Wednesday (today) as Lahore High Court (LHC) dismissed a petition seeking public hanging of the convicted murderer.
Published 17 Oct, 2018 12:00am
NBP plants saplings in Mardan

NBP plants saplings in Mardan

In a bid to mitigate the impact of climate change and global warming, National Bank of Pakistan (NBP) had planted saplings at Mardan as part of national tree plantation drive of the government. Shaukat Mahmood, Group Head, Service Quality Group, was welco
Published 17 Oct, 2018 12:00am
Nawaz's counsel challenges documents produced by Zia

Nawaz's counsel challenges documents produced by Zia

Key prosecution witness Wajid Zia Tuesday produced various documents before the Accountability Court as evidence in the Flagship Investments reference filed against former Prime Minister Nawaz Sharif and his sons.
Published 17 Oct, 2018 12:00am
Need stressed for making industrial export sectors financially viable

Need stressed for making industrial export sectors financially viable

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the IMF bailout package is though needed due to financial constraints but to make the country stronger and financially independent in the long run it is vital
Published 17 Oct, 2018 12:00am
Import of hazardous plastic scrap continues unabated

Import of hazardous plastic scrap continues unabated

Import of hazardous plastic scrap registered a massive growth during this year due to lack of proper implementation of laws. Sources said that import of hazardous plastic scrap has increased manifold in 2017 and 2018 compared to 2016, which is a very alar
Published 17 Oct, 2018 12:00am
PSX's awareness session held at Gilgit

PSX's awareness session held at Gilgit

In order to create awareness amongst the general public about stock investments, Pakistan Stock Exchange (PSX) conducted an awareness session at Gilgit, Gilgit-Baltistan. Dr. Muhammad Iqbal, Minister for Works, Government of GB, was the chief guest at the
Published 17 Oct, 2018 12:00am
Oil & gas companies' uplift funds: SHC summons CS in next hearing

Oil & gas companies' uplift funds: SHC summons CS in next hearing

Sindh High Court (SHC) on Tuesday summoned Chief Secretary Sindh to appear before the court in the next hearing of a petition related to utilization of development funds by oil & gas companies in various parts of the province after it showed displeasure o
Published 17 Oct, 2018 12:00am
'World Food Day' marked at SAU

'World Food Day' marked at SAU

World Food Day is celebrated every year to highlight the importance of food production and food security and nutrition all over the world and to have a focus on some major issues of importance for food security. Every year there is a different theme chose
Published 17 Oct, 2018 12:00am
Senate panel bars PTA from blocking invalid cellphones

Senate panel bars PTA from blocking invalid cellphones

The Senate Standing Committee on Information Technology and Telecommunication barred Pakistan Telecommunication Authority (PTA) from blocking non-compliant/invalid mobile phones, while terming the move a bid to protect some hidden mafia. The parliamentary
Published 17 Oct, 2018 12:00am
Pakistan's website re-launched in Sri Lanka

Pakistan's website re-launched in Sri Lanka

High Commissioner of Pakistan Dr Shahid Ahmad Hashmat unveiled the new interface of the official website of the High Commission on Tuesday.
Published 17 Oct, 2018 12:00am
Cleanliness drive: TCKP arranges awareness walk

Cleanliness drive: TCKP arranges awareness walk

Khyber Pakthunkhwa Tourism Corporation (TCKP) has arranged awareness walk for environmental protection and cleanliness drive at tourist resorts in Khyber Pakhtunkhwa on Tuesday, said a spokesman for TCKP. Environmental awareness walk and cleanliness campa
Published 17 Oct, 2018 12:00am
Bilawal visits Pakistan Sweet Homes

Bilawal visits Pakistan Sweet Homes

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto-Zardari on Tuesday visited Pakistan Sweet Home Islamabad. Bilawal took round hostels, a masque, a school and playground of Pakistan Sweet Home and appreciated Managing Director Sweet Home Zumard Khan fo
Published 17 Oct, 2018 12:00am
FFC's international technical symposium begins today

FFC's international technical symposium begins today

Fauji Fertilizer Company (FFC) has decided to convene a two-day International Technical Symposium from October 17-18 brining foreign experts, Pakistani business leaders and global leaders of technology and industry under one roof to share their experience
Published 17 Oct, 2018 12:00am
Pakistan elected OIC Water Council member for 2019-20

Pakistan elected OIC Water Council member for 2019-20

The Conference of the OIC Ministers for Water, during its fourth session held at Cairo, Egypt on October 15, elected Pakistan as Member to the OIC Water Council for two years tenure 2019-2020. Pakistan was also elected as Vice Chairman to the ICMW (Islami
Published 17 Oct, 2018 12:00am
Eighteen inks agreement with Dascon

Eighteen inks agreement with Dascon

With an aim to progress and ensure timely delivery of the project as committed, Eighteen - One of Pakistan's most luxurious and modern residential project joined hands and signed an agreement with Dascon Construction Company (DCC) for execution of the Gre
Published 17 Oct, 2018 12:00am
Pak-Lankan FTAs: PBC study finds 20 products to increase trade

Pak-Lankan FTAs: PBC study finds 20 products to increase trade

Pakistan Business Council (PBC) has proposed that Pakistan decrease tariffs or provide subsides on import of raw materials to help increase competitiveness in the international markets. The PBC, in its analysis of Pak-Sri Lanka Free Trade Agreements has f
Published 17 Oct, 2018 12:00am
Byco Petroleum wins award

Byco Petroleum wins award

Byco Petroleum Pakistan Limited has won the award for the Best Ad of Pakistan from Herald magazine. On the occasion of Pakistan's 71st Independence anniversary, Byco conceived of launching their sustainability initiative to plant trees and to distribute s
Published 17 Oct, 2018 12:00am
Partly Facetious : Why is Maryam quiet?

Partly Facetious : Why is Maryam quiet?

"The Khan I heard wanted to know why the party lost seats that it won in the general elections." "Could it be because the buffaloes resident in the Prime Minister's House and which The Khan sold stopped giving milk as soon as they left the House."
Published 17 Oct, 2018 12:00am
Saad, Salman appear before NAB in housing society scam

Saad, Salman appear before NAB in housing society scam

PML-N senior leader Khawaja Saad Rafique and his brother Salman Rafique on Tuesday appeared before the National Accountability Bureau (NAB) in Paragon Housing Society scam. The NAB officials posed 18 questions to Khawaja brothers. The NAB officials asked
Published 17 Oct, 2018 12:00am
Punjab cabinet okays provincial budget

Punjab cabinet okays provincial budget

The Punjab Cabinet, which met here on Tuesday with Chief Minister Sardar Usman Buzdar in the chair, accorded approval to Punjab Budget 2018-19. The Cabinet also gave approval to Financial Bill and Annual Development Programme (ADP) 2018-19. Addressing the
Published 17 Oct, 2018 12:00am
Punjab cabinet okays provincial budget

Punjab cabinet okays provincial budget

The Punjab Cabinet, which met here on Tuesday with Chief Minister Sardar Usman Buzdar in the chair, accorded approval to Punjab Budget 2018-19. The Cabinet also gave approval to Financial Bill and Annual Development Programme (ADP) 2018-19. Addressing the
Published 17 Oct, 2018 12:00am
Rs 131.8 billion earmarked for agriculture, allied sectors

Rs 131.8 billion earmarked for agriculture, allied sectors

The Punjab government has allocated Rs 131.8 billion for the agriculture and allied sectors for the year 2018-19 with a view to raise the growth rate from existing 3.4 to 7 percent. According to the budget documents, this allocation (both non-development
Published 17 Oct, 2018 12:00am
Rs 131.8 billion earmarked for agriculture, allied sectors

Rs 131.8 billion earmarked for agriculture, allied sectors

The Punjab government has allocated Rs 131.8 billion for the agriculture and allied sectors for the year 2018-19 with a view to raise the growth rate from existing 3.4 to 7 percent. According to the budget documents, this allocation (both non-development
Published 17 Oct, 2018 12:00am
Rs 284.5 billion allocated for health sector

Rs 284.5 billion allocated for health sector

The PTI-led Punjab government has allocated an amount of Rs284.5 billion for health sector in the Punjab budget 2018-19 for the remaining eight months.
Published 17 Oct, 2018 12:00am
Switzerland's SMEs eager to enter into Pakistani market: envoy

Switzerland's SMEs eager to enter into Pakistani market: envoy

Ambassador of Switzerland, Thomas Kolly has said that SMEs of Switzerland are eager to enter in Pakistani market. He was visiting Punjab Board of Investment and Trade along with a high level delegation for the renewal of Memorandum of Understanding betwee
Published 17 Oct, 2018 12:00am
Need stressed to bridge gap between imports & exports

Need stressed to bridge gap between imports & exports

Trimming gas tariff only is not the comprehensive solution to the multiple problems confronted by value added textile sector and in this connection a holistic solution is imperative to bridge the widening gap between the imports & exports in order to rest
Published 17 Oct, 2018 12:00am
The female car mechanic driving change

The female car mechanic driving change

Since picking up a wrench as one of the first female car mechanics in country, Uzma Nawaz has faced two common reactions: shock and surprise. And then a bit of respect. The 24-year-old spent years overcoming entrenched gender stereotypes and financial hur
Published 17 Oct, 2018 12:00am
ICAP's clarification

ICAP's clarification

It has been reported in a section of the press that Institute of Chartered Accountants of Pakistan (ICAP) is opposed to the privatization of distribution companies in the power sector. This is a baseless assertion. The Institute has not taken any such pos
Published 17 Oct, 2018 12:00am
Sindh okays over Rs 72 billion poverty reduction strategy

Sindh okays over Rs 72 billion poverty reduction strategy

Sindh Chief Minister Syed Murad Ali Shah on Tuesday approved the Rs72.5 billion poverty reduction strategy with a focus on education, health, water and sanitation and development of internal village roads.
Published 17 Oct, 2018 12:00am
PSQCA marks 49th 'World Standards Day'

PSQCA marks 49th 'World Standards Day'

Pakistan Standards & Quality Control Authority (PSQCA) director general Abdul Aleem Memon has said confidence of the consumer is always proportionate to safety and reliability of a product and this confidence can only be achieved through standardisation.
Published 17 Oct, 2018 12:00am
KP speaker meets Asad Qaiser

KP speaker meets Asad Qaiser

Speaker Khyber Pakhtunkhwa Assembly Mushtaq Ghani called on Speaker National Assembly Asad Qaiser at the Parliament House on Tuesday. The matters related to current political, economic situation in the country and mutual interest were discussed in the mee
Published 17 Oct, 2018 12:00am
PSO's 42nd AGM highlights consistent growth

PSO's 42nd AGM highlights consistent growth

Pakistan State Oil Company Limited, the country's largest oil marketing company, held its 42nd Annual General Meeting (AGM) in Karachi where it shed light on recent achievements and consistent growth trends in spite of some grave industry challenges.
Published 17 Oct, 2018 12:00am
Jhagra terms KP budget balanced, pro-poor

Jhagra terms KP budget balanced, pro-poor

Khyber Pakhtunhwa Minister for Finance, Taimoor Saleem Khan Jhagra has termed the provincial budget for the fiscal year 2018-19, as a balanced and pro-poor, because no new tax was imposed in the budget. Addressing a the post-budget press conference at Cab
Published 17 Oct, 2018 12:00am
Jhagra terms KP budget balanced, pro-poor

Jhagra terms KP budget balanced, pro-poor

Khyber Pakhtunhwa Minister for Finance, Taimoor Saleem Khan Jhagra has termed the provincial budget for the fiscal year 2018-19, as a balanced and pro-poor, because no new tax was imposed in the budget. Addressing a the post-budget press conference at Cab
Published 17 Oct, 2018 12:00am
Faran Sugar Mills Limited

Faran Sugar Mills Limited

Faran Sugar Mills Limited (FRSM) was incorporated in Pakistan on November 03rd, 1981. It is a public limited company operating under the Companies Act, 1913. The company is listed on the Pakistan Stock Exchange.
Published 17 Oct, 2018 12:00am
Faran Sugar Mills Limited

Faran Sugar Mills Limited

Faran Sugar Mills Limited (FRSM) was incorporated in Pakistan on November 03rd, 1981. It is a public limited company operating under the Companies Act, 1913. The company is listed on the Pakistan Stock Exchange.
Published 17 Oct, 2018 12:00am
Government fetches about Rs 50 million by auctioning NHA's 45 vehicles

Government fetches about Rs 50 million by auctioning NHA's 45 vehicles

The government on Tuesday auctioned 45 out of 76 vehicles of National Highway Authority (NHA) fetching around Rs 50 million, said the ministry officials. The Ministry of Communications put up the vehicles for sale as part of Prime Minister Imran Khan's au
Published 17 Oct, 2018 12:00am
Martyrdom anniversary of Liaquat Ali observed

Martyrdom anniversary of Liaquat Ali observed

The 67th martyrdom anniversary of Nawabzada Liaquat Ali Khan, Pakistan's first Prime Minister was observed on Tuesday. Liaquat Ali Khan struggled with Quaid-e-Azam Muhammad Ali Jinnah to get a separate homeland for Muslims of sub-continent and later serve
Published 17 Oct, 2018 12:00am
PU VC inaugurates India Study Desk at CSAS

PU VC inaugurates India Study Desk at CSAS

Punjab University Centre for South Asian Studies has (CSAS) organized inaugural ceremony of 'India Study Desk'. PU Vice Chancellor Prof Niaz Ahmad, Dean Faculty of Arts & Humanities Prof Dr Muhammad Iqbal Chawla, Director CSAS Prof Dr Umbreen Javaid, facu
Published 17 Oct, 2018 12:00am
US MIDDAY: gold steadies

US MIDDAY: gold steadies

Gold held steady near 2-1/2-month highs on Tuesday as dollar weakness offset improved risk appetite among investors, reflected in recovering global stock markets. Spot gold was unchanged at $1,226.29 per ounce by 1:52 p.m. EDT (1752 GMT), having peaked at
Published 17 Oct, 2018 12:00am
US MIDDAY: soyabeans, corn retreat

US MIDDAY: soyabeans, corn retreat

US soyabean and corn futures fell about 1 percent on Tuesday on improving harvest weather in the Midwest crop belt and some profit-taking a day after both commodities neared two-month highs, traders said. Wheat was mixed in choppy trade.
Published 17 Oct, 2018 12:00am
Gold flat in Europe

Gold flat in Europe

Gold held firm near 2-1/2-month highs on Tuesday as dollar weakness offset improved risk appetite among investors, reflected in recovering global stock markets. Spot gold was up 0.1 percent at $1,227.18 per ounce at 1548 GMT, having peaked on Monday at $1
Published 17 Oct, 2018 12:00am
Gold stays near 2-1/2-month high in Asia

Gold stays near 2-1/2-month high in Asia

Gold prices held steady on Tuesday near last session's 2-1/2-month high as risk-averse investors sought refuge in the metal amid rising political tensions and economic uncertainty. Spot gold was little changed at $1,226.71 an ounce at 0707 GMT. It touched
Published 17 Oct, 2018 12:00am
Gold climbs in New York

Gold climbs in New York

Gold rose to its highest level in 2-1/2 months on Monday as a slide in global stock markets, exacerbated by mounting tensions between Western powers and Saudi Arabia, forced investors to find safety and unwind some bearish bets in the metal. Spot gold gai
Published 17 Oct, 2018 12:00am
Arabica coffee steadies near four-month peak

Arabica coffee steadies near four-month peak

Arabica coffee futures came off their highs on Tuesday, but steadied near a four-month peak as speculators ran into chart resistance and favourable weather in top-grower Brazil pressured prices, while New York cocoa rose to a three-week high as a softer U
Published 17 Oct, 2018 12:00am
Tokyo rubber up

Tokyo rubber up

Benchmark Tokyo rubber futures rose modestly on Tuesday, despite the drop in Shanghai market, helped by strong physical prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, usually track Shanghai future
Published 17 Oct, 2018 12:00am
Tech stocks drag down Wall Street as earnings worries weigh

Tech stocks drag down Wall Street as earnings worries weigh

US stocks ended lower in a choppy trading session on Monday, dragged down by technology stocks amid lingering worries over interest rates and corporate earnings. The benchmark S&P 500 index teetered between positive and negative territory for much of the
Published 17 Oct, 2018 12:00am
Goldman Sachs earnings boosted by lower tax costs

Goldman Sachs earnings boosted by lower tax costs

Goldman Sachs reported higher third-quarter profits Tuesday, boosted by higher interest rates and lower tax expenses. The iconic Wall Street investment bank, led by newly-installed Chief Executive David Solomon, reported profits of $2.5 billion for the qu
Published 17 Oct, 2018 12:00am
Russia World Cup added $14 billion to economy

Russia World Cup added $14 billion to economy

The 2018 World Cup added more than $14 billion to the Russian economy, more than one percent of the country's gross domestic product, tournament organisers said in Doha on Tuesday. The figure was revealed in a report on the economic, social and environmen
Published 17 Oct, 2018 12:00am
Morgan Stanley profit beats expectation

Morgan Stanley profit beats expectation

Morgan Stanley reported a better-than-expected quarterly profit on Tuesday, driven by higher revenue in its stock trading and equity underwriting businesses. Equity trading revenue rose 7 percent in a quarter marked by uncertainties in global financial ma
Published 17 Oct, 2018 12:00am
Morgan Stanley profit beats expectation

Morgan Stanley profit beats expectation

Morgan Stanley reported a better-than-expected quarterly profit on Tuesday, driven by higher revenue in its stock trading and equity underwriting businesses. Equity trading revenue rose 7 percent in a quarter marked by uncertainties in global financial ma
Published 17 Oct, 2018 12:00am
UN warns of 'perfect storm' of hunger, climate change

UN warns of 'perfect storm' of hunger, climate change

A potent combination of hunger, climate change and man-made conflicts are creating a "perfect storm", the head of the UN's food arm warned Tuesday in a call to action on World Food Day.
Published 17 Oct, 2018 12:00am
Google offers compromise to avoid more EU Android fines

Google offers compromise to avoid more EU Android fines

Google said on Tuesday it would charge manufacturers for apps in a compromise move to avoid more EU mega-fines, after Brussels accused the US tech giant of illegally abusing the dominance of its Android operating system for mobile devices.
Published 17 Oct, 2018 12:00am
China fines pharma firm $1.3 billion

China fines pharma firm $1.3 billion

Chinese authorities have slapped penalties totalling a whopping $1.3 billion on a pharmaceutical company over a vaccine scandal that fuelled public fears of domestically-made medicine, drug regulators said Tuesday. The massive fine and asset seizure is th
Published 17 Oct, 2018 12:00am
German investor morale plunges

German investor morale plunges

German investor confidence plunged sharply in October, a closely watched survey said Tuesday, dragged down by fears over US-China trade tensions and a hard Brexit.
Published 17 Oct, 2018 12:00am
Sterling weighs on FTSE

Sterling weighs on FTSE

Britain's top stock index missed out on a global rebound on Tuesday, lagging European peers and Wall Street as Brexit optimism and data showing fast-rising wages lifted sterling, acting as an accounting drag for multinationals and exporters. The FTSE 100
Published 17 Oct, 2018 12:00am
Most Southeast Asian stocks settle higher

Most Southeast Asian stocks settle higher

Most Southeast Asian stock markets rose on Tuesday after reports said Saudi Arabia was preparing to acknowledge the death of a Saudi journalist in a botched interrogation, easing tensions between the oil-rich kingdom and the Western world.
Published 17 Oct, 2018 12:00am
Australian shares up; New Zealand down

Australian shares up; New Zealand down

Australian shares closed higher on Tuesday as mining and financials bounced from sharp falls in the previous session, but rising tensions between Saudi Arabia and the West and weaker factory price inflation in China capped broader market gains. The S&P/AS
Published 17 Oct, 2018 12:00am
European shares rebound as optimism on earnings grows

European shares rebound as optimism on earnings grows

European shares rebounded from a 22-month low on Tuesday as optimism fuelled by the start of the reporting season and buoyant results from Goldman Sachs from Morgan Stanley lifted investor sentiment. The pan-European STOXX 600 index was up 1.5 percent aft
Published 17 Oct, 2018 12:00am
Tokyo shares rise

Tokyo shares rise

Tokyo shares closed higher on Tuesday, with investors snapping up bargains after recent losses. The Nikkei 225 index rose 1.25 percent or 277.94 points to end at 22,549.24, while the broader Topix index was higher by 0.74 percent or 12.47 points at 1,687.
Published 17 Oct, 2018 12:00am
China stocks lower

China stocks lower

China stocks reversed early gains to end lower on Tuesday, after data showed factory-gate inflation had cooled for a third straight month in September amid lean domestic demand, reflecting more pressure on the world's second-biggest economy. The blue-chip
Published 17 Oct, 2018 12:00am
India's NSE, BSE indexes climb

India's NSE, BSE indexes climb

Indian shares rose for the third consecutive session on Tuesday on positive global cues, amid the corporate earnings season bringing some cheer. The benchmark BSE index closed up 0.85 percent at 35,162.48, while the broader NSE index ended 0.69 percent hi
Published 17 Oct, 2018 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday despite stock market volatility stemming from rising borrowing costs and geopolitical risks, while the outlook for US economic growth was tempered by weaker-than-expected data on domestic retail sales.
Published 17 Oct, 2018 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday despite stock market volatility stemming from rising borrowing costs and geopolitical risks, while the outlook for US economic growth was tempered by weaker-than-expected data on domestic retail sales.
Published 17 Oct, 2018 12:00am
West Indies coach Law banned for two ODIs

West Indies coach Law banned for two ODIs

West Indies coach Stuart Law will miss his team's two upcoming one-day internationals against India after a breach of the ICC code of conduct saw him banned by world cricket's ruling body on Tuesday. The Australian was found guilty of breaching the code d
Published 17 Oct, 2018 12:00am
Japan deal Uruguay double blow in Asia

Japan deal Uruguay double blow in Asia

Japan stunned Uruguay 4-3 at home in a free-flowing international friendly on Tuesday to complete a miserable trip to the Far East for the South Americans. Takumi Minamino netted twice against the World Cup quarter-finalists as Japan made it three wins ou
Published 17 Oct, 2018 12:00am
Kerber splits with coach
Kerb

Kerber splits with coach

Reigning Wimbledon champion Angelique Kerber has split from coach Wim Fissette, the player's entourage announced Tuesday. "Despite the success of the cooperation since the start of the season, this step is needed because of differences of opinion as the f
Published 17 Oct, 2018 12:00am
France defied poor stats at World Cup, says FIFA report

France defied poor stats at World Cup, says FIFA report

Passing, running and ball possession were not key in producing victories at the 2018 World Cup, but accurate shooting and clear tactics were, according to a FIFA report released on Tuesday. It showed that champions France were only 19th among the 32 teams
Published 17 Oct, 2018 12:00am
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