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Print - 2018-11-19
Taxpayer plea: LHC restrains DCIR from passing final order

Taxpayer plea: LHC restrains DCIR from passing final order

The Lahore High Court has restrained the Deputy Commissioner Inland Revenue (DCIR) from passing final order on the plea of the taxpayer that amendment made providing audit once in three years is applicable retrospectively to such audits pending as on July
Published 19 Nov, 2018 12:00am
Mega projects for Multan to be announced soon: Buzdar

Mega projects for Multan to be announced soon: Buzdar

Chief Minister Punjab Sardar Usman Buzdar has said he will soon announce mega development projects for Multan division worth billions of rupees after a detailed visit of this region of south Punjab He was talking to of members of National Assembly, Provin
Published 19 Nov, 2018 12:00am
Comprehensive livestock policy in the offing in KP

Comprehensive livestock policy in the offing in KP

The government of Khyber Pakhtunkhwa is going to bring paradigm shift in policy to gradually include private veterinarians in delivering services like production of vaccines and semen while government will have to play the role of a regulator.
Published 19 Nov, 2018 12:00am
PM favours U-turns

PM favours U-turns

U-turn means a change of plan, specially a reversal of political policy. Prime Minister Imran Khan is expected to have strong appreciation of 'U-turn'. U-turn also means a complete change from one opinion or plan of action to an opposite one. His remark t
Published 19 Nov, 2018 12:00am
Rural poverty a stark reality

Rural poverty a stark reality

Some oft-repeated statements - the country has come a long way; growth rates are increasing; Internet growth is one of the highest in Pakistan; the new airport at Islamabad is really comparable to many international airports; and retail industry is boomin
Published 19 Nov, 2018 12:00am
The IMF comes a calling
Currency

The IMF comes a calling

The International Monetary Fund (IMF) mission arrived in Pakistan on 7 November and is still in the country with scheduled departure on 22 November. The objective of the mission: to discuss the modalities (pre-programme conditions as well as during progra
Published 19 Nov, 2018 12:00am
An unsavoury spectacle

An unsavoury spectacle

Repeated exchange of hot words between federal ministers and PML-N legislators is getting out of hand. In the latest episode on Wednesday, things came to a head when Usman Kakar of the Pakhtunkhwa Milli Awami Party (PkMAP) and some others from Balochistan
Published 19 Nov, 2018 12:00am
Drop in FDI

Drop in FDI

The data on foreign direct investment (FDI) during the current year is highly depressing. According to latest figures released by the State Bank, Pakistan fetched FDI amounting to just dollar 601 million during July-October, 2018 as compared to dollar 1.1
Published 19 Nov, 2018 12:00am
Getting rid of me risks delaying Brexit: May

Getting rid of me risks delaying Brexit: May

British Prime Minister Theresa May said on Sunday toppling her would risk delaying Brexit and she would not let talk of a leadership challenge distract her from a critical week of negotiations with Brussels. Since unveiling a draft divorce deal with the E
Published 19 Nov, 2018 12:00am
Getting rid of me risks delaying Brexit: May

Getting rid of me risks delaying Brexit: May

British Prime Minister Theresa May said on Sunday toppling her would risk delaying Brexit and she would not let talk of a leadership challenge distract her from a critical week of negotiations with Brussels. Since unveiling a draft divorce deal with the E
Published 19 Nov, 2018 12:00am
CCI to approve steps against population fertility rate

CCI to approve steps against population fertility rate

The Council of Common Interests (CCI) which is scheduled to meet on Monday (today) with Prime Minister in the chair, will approve measures to reduce population fertility rate aimed at controlling population growth, official sources told Business Record
Published 19 Nov, 2018 12:00am
CCI to approve steps against population fertility rate

CCI to approve steps against population fertility rate

The Council of Common Interests (CCI) which is scheduled to meet on Monday (today) with Prime Minister in the chair, will approve measures to reduce population fertility rate aimed at controlling population growth, official sources told Business Record
Published 19 Nov, 2018 12:00am
Khalilzad hopes for peace deal with Taliban in 2019

Khalilzad hopes for peace deal with Taliban in 2019

The US special envoy to Afghanistan hopes to cement a peace deal with Taliban insurgents by April 2019, local media reported on Sunday. Zalmay Khalilzad, in Kabul to lead talks between the United States, the Taliban and the Afghan government, told reporte
Published 19 Nov, 2018 12:00am
Khalilzad hopes for peace deal with Taliban in 2019

Khalilzad hopes for peace deal with Taliban in 2019

The US special envoy to Afghanistan hopes to cement a peace deal with Taliban insurgents by April 2019, local media reported on Sunday. Zalmay Khalilzad, in Kabul to lead talks between the United States, the Taliban and the Afghan government, told reporte
Published 19 Nov, 2018 12:00am
Khashoggi murder case: US to make final conclusions tomorrow: Trump

Khashoggi murder case: US to make final conclusions tomorrow: Trump

President Donald Trump on Saturday called a CIA assessment blaming Saudi Crown Prince Mohammed bin Salman for the killing of Saudi journalist Jamal Khashoggi "very premature" and said he will receive a complete report on the case on Tuesday.
Published 19 Nov, 2018 12:00am
Khashoggi murder case: US to make final conclusions tomorrow: Trump

Khashoggi murder case: US to make final conclusions tomorrow: Trump

President Donald Trump on Saturday called a CIA assessment blaming Saudi Crown Prince Mohammed bin Salman for the killing of Saudi journalist Jamal Khashoggi "very premature" and said he will receive a complete report on the case on Tuesday.
Published 19 Nov, 2018 12:00am
Three killed in Amritsar blast

Three killed in Amritsar blast

Three people were killed in a grenade attack on a prayer congregation in India's Punjab on Sunday which left some 20 others injured, police said. Around 250 followers of the Nirankari spiritual group, who are considered heretics by most Sikhs, had gathere
Published 19 Nov, 2018 12:00am
Three killed in Amritsar blast

Three killed in Amritsar blast

Three people were killed in a grenade attack on a prayer congregation in India's Punjab on Sunday which left some 20 others injured, police said. Around 250 followers of the Nirankari spiritual group, who are considered heretics by most Sikhs, had gathere
Published 19 Nov, 2018 12:00am
Bulgarians block roads against high fuel prices, poverty

Bulgarians block roads against high fuel prices, poverty

Thousands of Bulgarians blocked major roads and border checkpoints to Turkey and Greece on Sunday as weekend protests against high fuel prices widened to reflect general discontent over low living standards in the EU's poorest country.
Published 19 Nov, 2018 12:00am
Bulgarians block roads against high fuel prices, poverty

Bulgarians block roads against high fuel prices, poverty

Thousands of Bulgarians blocked major roads and border checkpoints to Turkey and Greece on Sunday as weekend protests against high fuel prices widened to reflect general discontent over low living standards in the EU's poorest country.
Published 19 Nov, 2018 12:00am
Maulana Wahab passes away

Maulana Wahab passes away

Ameer Tableeghi Jamaat Haji Muhammad Abdul Wahab passed away at the age of 95 here on Sunday after protected illness. His funeral prayers were offered after Maghrib prayers at Tableeghi Markaz, Raiwind. Thousands of people, including Punjab Assembly Speak
Published 19 Nov, 2018 12:00am
Maulana Wahab passes away

Maulana Wahab passes away

Ameer Tableeghi Jamaat Haji Muhammad Abdul Wahab passed away at the age of 95 here on Sunday after protected illness. His funeral prayers were offered after Maghrib prayers at Tableeghi Markaz, Raiwind. Thousands of people, including Punjab Assembly Speak
Published 19 Nov, 2018 12:00am
Netanyahu denounces calls for Israel snap polls as 'irresponsible'

Netanyahu denounces calls for Israel snap polls as 'irresponsible'

Israeli Prime Minister Benjamin Netanyahu denounced calls for snap elections as "irresponsible" in an impassioned televised address on Sunday and vowed to push on despite a coalition crisis threatening to bring down his government.
Published 19 Nov, 2018 12:00am
Three security personnel martyred

Three security personnel martyred

Three security personnel were martyred and four others injured in landmine explosion here on Sunday, Levies source said. According to details, the landmine planted by roadside in Margit area of Quetta exploded when a vehicle of security forces was passing
Published 19 Nov, 2018 12:00am
Three security personnel martyred

Three security personnel martyred

Three security personnel were martyred and four others injured in landmine explosion here on Sunday, Levies source said. According to details, the landmine planted by roadside in Margit area of Quetta exploded when a vehicle of security forces was passing
Published 19 Nov, 2018 12:00am
Restructuring of PIA: Aviation Division asked to submit plan

Restructuring of PIA: Aviation Division asked to submit plan

The Economic Coordination Committee (ECC) of the Cabinet has directed Aviation Division to submit a detailed strategy for restructuring of PIA within two months, official sources told Business Recorder. The committee headed by Finance Minister, Asa
Published 19 Nov, 2018 12:00am
Restructuring of PIA: Aviation Division asked to submit plan

Restructuring of PIA: Aviation Division asked to submit plan

The Economic Coordination Committee (ECC) of the Cabinet has directed Aviation Division to submit a detailed strategy for restructuring of PIA within two months, official sources told Business Recorder. The committee headed by Finance Minister, Asa
Published 19 Nov, 2018 12:00am
Restructuring of PIA: Aviation Division asked to submit plan

Restructuring of PIA: Aviation Division asked to submit plan

The Economic Coordination Committee (ECC) of the Cabinet has directed Aviation Division to submit a detailed strategy for restructuring of PIA within two months, official sources told Business Recorder. The committee headed by Finance Minister, Asa
Published 19 Nov, 2018 12:00am
'They don't do a damn thing for us': Trump

'They don't do a damn thing for us': Trump

US President Donald Trump on Sunday lambasted Islamabad by saying that the country 'doesn't do a damn thing for us' as well as claiming that Pakistan helped shelter the then al Qaeda chief Osama bin Laden, according to Aaj News. Trump also defended his ad
Published 19 Nov, 2018 12:00am
'They don't do a damn thing for us': Trump

'They don't do a damn thing for us': Trump

US President Donald Trump on Sunday lambasted Islamabad by saying that the country 'doesn't do a damn thing for us' as well as claiming that Pakistan helped shelter the then al Qaeda chief Osama bin Laden, according to Aaj News. Trump also defended his ad
Published 19 Nov, 2018 12:00am
Pakistan, UAE agree to deepen economic ties

Pakistan, UAE agree to deepen economic ties

Prime Minister Imran Khan and Crown Prince Shiekh Muhammad bin Zayed Al Nahyan have agreed to transform Pakistan-UAE relations into Long Term Strategic Economic Partnership. On the invitation of His Highness Sheikh Muhammad bin Zayed Al Nahyan, the Crown
Published 19 Nov, 2018 12:00am
Pakistan, UAE agree to deepen economic ties

Pakistan, UAE agree to deepen economic ties

Prime Minister Imran Khan and Crown Prince Shiekh Muhammad bin Zayed Al Nahyan have agreed to transform Pakistan-UAE relations into Long Term Strategic Economic Partnership. On the invitation of His Highness Sheikh Muhammad bin Zayed Al Nahyan, the Crown
Published 19 Nov, 2018 12:00am
Pakistan, UAE agree to deepen economic ties

Pakistan, UAE agree to deepen economic ties

Prime Minister Imran Khan and Crown Prince Shiekh Muhammad bin Zayed Al Nahyan have agreed to transform Pakistan-UAE relations into Long Term Strategic Economic Partnership. On the invitation of His Highness Sheikh Muhammad bin Zayed Al Nahyan, the Crown
Published 19 Nov, 2018 12:00am
Pakistan, UAE agree to deepen economic ties

Pakistan, UAE agree to deepen economic ties

Prime Minister Imran Khan and Crown Prince Shiekh Muhammad bin Zayed Al Nahyan have agreed to transform Pakistan-UAE relations into Long Term Strategic Economic Partnership. On the invitation of His Highness Sheikh Muhammad bin Zayed Al Nahyan, the Crown
Published 19 Nov, 2018 12:00am
Futures spread up by 246 basis points

Futures spread up by 246 basis points

The futures spread increased by 246bps to 9.38 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes declined by 13.5 percent to 72.28 million shares. Average daily trading value on
Published 19 Nov, 2018 12:00am
Futures spread up by 246 basis points

Futures spread up by 246 basis points

The futures spread increased by 246bps to 9.38 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes declined by 13.5 percent to 72.28 million shares. Average daily trading value on
Published 19 Nov, 2018 12:00am
Bullish trend witnessed

Bullish trend witnessed

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on November 16, 2018 due to selective buying mainly by local investors. BRIndex100 gained 32.8 points on week-on-week basis to close at 4,427.59 points. Average daily volumes s
Published 19 Nov, 2018 12:00am
Bullish trend witnessed

Bullish trend witnessed

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on November 16, 2018 due to selective buying mainly by local investors. BRIndex100 gained 32.8 points on week-on-week basis to close at 4,427.59 points. Average daily volumes s
Published 19 Nov, 2018 12:00am
Bullish trend witnessed

Bullish trend witnessed

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on November 16, 2018 due to selective buying mainly by local investors. BRIndex100 gained 32.8 points on week-on-week basis to close at 4,427.59 points. Average daily volumes s
Published 19 Nov, 2018 12:00am
US-China divide deepens: Apec fails to reach consensus

US-China divide deepens: Apec fails to reach consensus

Asia-Pacific leaders failed to agree on a communiqué at a summit in Papua New Guinea on Sunday for the first time in their history as deep divisions between the United States and China over trade and investment stymied cooperation. Competition between the
Published 19 Nov, 2018 12:00am
US-China divide deepens: Apec fails to reach consensus

US-China divide deepens: Apec fails to reach consensus

Asia-Pacific leaders failed to agree on a communiqué at a summit in Papua New Guinea on Sunday for the first time in their history as deep divisions between the United States and China over trade and investment stymied cooperation. Competition between the
Published 19 Nov, 2018 12:00am
US-China divide deepens: Apec fails to reach consensus

US-China divide deepens: Apec fails to reach consensus

Asia-Pacific leaders failed to agree on a communiqué at a summit in Papua New Guinea on Sunday for the first time in their history as deep divisions between the United States and China over trade and investment stymied cooperation. Competition between the
Published 19 Nov, 2018 12:00am
Pakistan has to import over four million cotton bales
Cotton

Pakistan has to import over four million cotton bales

Pakistan has to import over 4 million cotton bales that would cost around $1.5 billion, owing to declining production of cotton this season, sources revealed to Business Recorder. Officials said imports of such a large quantity would not only incre
Published 19 Nov, 2018 12:00am
Pakistan has to import over four million cotton bales
Cotton

Pakistan has to import over four million cotton bales

Pakistan has to import over 4 million cotton bales that would cost around $1.5 billion, owing to declining production of cotton this season, sources revealed to Business Recorder. Officials said imports of such a large quantity would not only incre
Published 19 Nov, 2018 12:00am
Pakistan has to import over four million cotton bales
Cotton

Pakistan has to import over four million cotton bales

Pakistan has to import over 4 million cotton bales that would cost around $1.5 billion, owing to declining production of cotton this season, sources revealed to Business Recorder. Officials said imports of such a large quantity would not only incre
Published 19 Nov, 2018 12:00am
THE RUPEE: little changes
Currency

THE RUPEE: little changes

The rupee almost managed to hold present levels against the dollar on the money market during the week, ended on Nov 17, 2018. The rupee moved cautiously versus the dollar for buying and selling at Rs 133.99 and Rs 134.00.
Published 19 Nov, 2018 12:00am
THE RUPEE: little changes
Currency

THE RUPEE: little changes

The rupee almost managed to hold present levels against the dollar on the money market during the week, ended on Nov 17, 2018. The rupee moved cautiously versus the dollar for buying and selling at Rs 133.99 and Rs 134.00.
Published 19 Nov, 2018 12:00am
U-turn a hallmark of great leadership: Prime Minister

U-turn a hallmark of great leadership: Prime Minister

Prime Minister Imran Khan Sunday reaffirmed his U-turn statement, saying that taking a U-turn to achieve one's objective is the "hallmark of great leadership." "Doing a U-turn to reach one's objective is the hallmark of great leadership, just as lying to
Published 19 Nov, 2018 12:00am
U-turn a hallmark of great leadership: Prime Minister

U-turn a hallmark of great leadership: Prime Minister

Prime Minister Imran Khan Sunday reaffirmed his U-turn statement, saying that taking a U-turn to achieve one's objective is the "hallmark of great leadership." "Doing a U-turn to reach one's objective is the hallmark of great leadership, just as lying to
Published 19 Nov, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (November 18, 2018) and the forecast for Monday (November 19, 2018).

Published 19 Nov, 2018 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (November 12 to 16, 2018).

Published 19 Nov, 2018 12:00am
Dovizioso wins rain-hit Valencia GP

Dovizioso wins rain-hit Valencia GP

Italy's Andrea Dovizioso won the season-ending Valencia Grand Prix on Sunday, as 13 riders failed to finish a chaotic rain-lashed race. Ducati's Dovizioso was well ahead of second placed Suzuki rider Alex Rins with another Spaniard Pol Espargaro third in
Published 19 Nov, 2018 12:00am
England beat Croatia to reach Nations League final four

England beat Croatia to reach Nations League final four

Harry Kane fired England into the Nations League semi-finals as Gareth Southgate's side scored twice in the last 12 minutes to seal a dramatic 2-1 victory over Croatia on Sunday. England were on the brink of relegation to the second tier of the competitio
Published 19 Nov, 2018 12:00am
England seal Sri Lanka series and Root wants more

England seal Sri Lanka series and Root wants more

Captain Joe Root set his sights on taking England to the top of the world rankings after his spin trio finished off Sri Lanka in the second Test on Sunday to seal the series with a match to spare. England needed just 30 minutes on the fifth day to take th
Published 19 Nov, 2018 12:00am
Rida Naveed of Punjab wins KP Drag Car Race

Rida Naveed of Punjab wins KP Drag Car Race

Rida Naveed of Punjab clinched the trophy of the first Women Drag Car Race while Jamal Uddin of Peshawar bagged the male title here on Sunday. There were also 70 male and female drivers from all across Pakistan took part in the Drag Race organized by Tour
Published 19 Nov, 2018 12:00am
Shastri says India 'taking no prisoners' in Australia

Shastri says India 'taking no prisoners' in Australia

Coach Ravi Shastri vowed Sunday India will "take no prisoners" in their quest to win a Test series in Australia for the first time, but cautioned against underestimating the struggling home team. India play four Tests and three one-day internationals from
Published 19 Nov, 2018 12:00am
Flawless Djokovic sets up ATP Finals title clash with Zverev

Flawless Djokovic sets up ATP Finals title clash with Zverev

Novak Djokovic produced a masterclass on Saturday to crush Kevin Anderson and set up a title decider at the ATP Finals against Alexander Zverev, who ousted Roger Federer after a bizarre incident involving a ball boy. World number one Djokovic comfortably
Published 19 Nov, 2018 12:00am
8th Chief of the Naval Staff Amateur Golf Championship concludes

8th Chief of the Naval Staff Amateur Golf Championship concludes

The 8th Chief of the Naval Staff Amateur Golf Championship-2018 was held at Defence Raya Golf & Country Club, Lahore. Vice Admiral Kaleem Shaukat HI(M), Vice Chief of the Naval Staff was the Chief Guest at the closing ceremony and awarded the prizes to th
Published 19 Nov, 2018 12:00am
Somalia holds first boxing competition since civil war

Somalia holds first boxing competition since civil war

Somalia has held its first boxing competition in more than three decades, with young fighters in the conflict-torn nation dreaming of a career in international rings. The three-day lightweight boxing competition that wrapped up Sunday took place in the ca
Published 19 Nov, 2018 12:00am
Hasan and Yasir skittle New Zealand to put Pakistan on victory path

Hasan and Yasir skittle New Zealand to put Pakistan on victory path

Medium pacer Hasan Ali and leg-spinner Yasir Shah took five wickets apiece to set Pakistan on the path to victory on the third day of the first Test against New Zealand in Abu Dhabi on Sunday. Hasan collected his maiden five-wicket haul with 5-45 while Ya
Published 19 Nov, 2018 12:00am
Earth's forests, deserts & vital ecosystems risk 'major transformation'

Earth's forests, deserts & vital ecosystems risk 'major transformation'

The Earth's forests, deserts, landscapes and vital ecosystems risk a "major transformation" in the next century due to climate change, international scientists warned on Thursday. Some of these changes are already under way in the southwestern United Stat
Published 19 Nov, 2018 12:00am
Crater bigger than Paris discovered under Greenland ice

Crater bigger than Paris discovered under Greenland ice

A massive iron meteorite smashed into Greenland as recently as 12,000 years ago, leaving a crater bigger than Paris that was recently discovered beneath the ice with sophisticated radar, researchers said on Wednesday. The crater is the first of its kind e
Published 19 Nov, 2018 12:00am
Raindrops keep falling: climate change makes storms worse

Raindrops keep falling: climate change makes storms worse

Climate change is increasing the amount of rain that hurricanes produce, and as warming picks up storms will become increasingly wetter and windier, according to new research. The findings are based on extensive modelling that involved millions of computi
Published 19 Nov, 2018 12:00am
Pneumonia to kill nearly 11 million children by 2030, study warns

Pneumonia to kill nearly 11 million children by 2030, study warns

Pneumonia will kill nearly 11 million children under five by 2030, experts warned on Monday on a global day aimed at raising awareness of the biggest infectious killer of infants worldwide. While in the developed world the severe lung infection mainly aff
Published 19 Nov, 2018 12:00am
Smartphone faces uncertain future?

Smartphone faces uncertain future?

What is next for the smartphone, which has become the hottest-selling consumer device around the world in just over a decade? Even as top makers like Apple and Samsung unveil new handsets with new features and improved performance, smartphone sales have f
Published 19 Nov, 2018 12:00am
Waymo to expand fledgling self-driving car service

Waymo to expand fledgling self-driving car service

A self-driving car service being tested by Alphabet-owned Waymo will be opened up to more people in the Phoenix, Arizona, area, chief John Krafcik said Tuesday. About 400 "early riders" are already taking part in the fledgling service Waymo began testing
Published 19 Nov, 2018 12:00am
Never without their smartphones: a global revolution

Never without their smartphones: a global revolution

At the sharp end of conflict in Syria, in a schoolchild's bag in Kenya, whether fighting deadly diseases or studying forestry, the smartphone has become ubiquitous in just over a decade. This year, the number of users is expected to pass three billion, an
Published 19 Nov, 2018 12:00am
India's Jet Airways posts Q3 loss on fuel costs

India's Jet Airways posts Q3 loss on fuel costs

Jet Airways Ltd, India's biggest full-service carrier, posted its third straight quarterly loss on Monday, hurt by higher fuel expenses. A combination of rising oil prices, high fuel taxes, a weak rupee, low fares and intense competition have pulled down
Published 19 Nov, 2018 12:00am
India's Jet Airways posts Q3 loss on fuel costs

India's Jet Airways posts Q3 loss on fuel costs

Jet Airways Ltd, India's biggest full-service carrier, posted its third straight quarterly loss on Monday, hurt by higher fuel expenses. A combination of rising oil prices, high fuel taxes, a weak rupee, low fares and intense competition have pulled down
Published 19 Nov, 2018 12:00am
GE seeks 'urgent' asset sales to cut debt: CEO

GE seeks 'urgent' asset sales to cut debt: CEO

General Electric Co is pursuing assets sales with "urgency" to reduce its high debt and is unsure when its ailing power business will hit bottom, Chief Executive Officer Larry Culp said in a television interview on Monday, sending its shares down as much
Published 19 Nov, 2018 12:00am
Higher wood and metal prices hit profit: IKEA

Higher wood and metal prices hit profit: IKEA

The owner of the IKEA furniture brand reported a drop in annual underlying profit on Monday, hit by higher wood and metal prices. After decades of rapid growth, the world's biggest furniture brand is battling to adapt to the rise of online rivals such as
Published 19 Nov, 2018 12:00am
Higher wood and metal prices hit profit: IKEA

Higher wood and metal prices hit profit: IKEA

The owner of the IKEA furniture brand reported a drop in annual underlying profit on Monday, hit by higher wood and metal prices. After decades of rapid growth, the world's biggest furniture brand is battling to adapt to the rise of online rivals such as
Published 19 Nov, 2018 12:00am
Euronext beats profit expectations

Euronext beats profit expectations

Euronext's acquisition of the Irish Stock Exchange and a higher number of companies listing helped the pan-European exchange beat quarterly profit estimates, although it warned some of its recent growth initiatives had failed. Revenue from both listings a
Published 19 Nov, 2018 12:00am
Vodafone's new CEO to cut costs, review tower assets

Vodafone's new CEO to cut costs, review tower assets

Vodafone's new chief executive Nick Read said he would reduce operating costs by 1.2 billion euros ($1.35 billion) by 2021 and review its tower assets to drive higher returns at the world's second largest mobile operator. Replacing Vittorio Colao at the t
Published 19 Nov, 2018 12:00am
Cisco beats analysts' estimates for quarterly revenue & profit

Cisco beats analysts' estimates for quarterly revenue & profit

Cisco Systems Inc beat analysts' estimates for quarterly revenue and profit on Wednesday, as the network gear maker benefited from demand for its routers and switches as well as growth in newer areas of focus such as software.
Published 19 Nov, 2018 12:00am
Cisco beats analysts' estimates for quarterly revenue & profit

Cisco beats analysts' estimates for quarterly revenue & profit

Cisco Systems Inc beat analysts' estimates for quarterly revenue and profit on Wednesday, as the network gear maker benefited from demand for its routers and switches as well as growth in newer areas of focus such as software.
Published 19 Nov, 2018 12:00am
'Mission Impossible' powers Viacom profit, revenue beat

'Mission Impossible' powers Viacom profit, revenue beat

Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, lifted by the strong performance of "Mission: Impossible - Fallout." The upbeat results boosted the company's shares by around 4 per
Published 19 Nov, 2018 12:00am
'Mission Impossible' powers Viacom profit, revenue beat

'Mission Impossible' powers Viacom profit, revenue beat

Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, lifted by the strong performance of "Mission: Impossible - Fallout." The upbeat results boosted the company's shares by around 4 per
Published 19 Nov, 2018 12:00am
ABB in talks with three Asian suitors about power grids sale

ABB in talks with three Asian suitors about power grids sale

ABB is in talks with Hitachi Ltd and Mitsubishi Electric Corp to sell all or part of the Swiss engineering group's power embattled power grids business, sources familiar with the issue told Reuters. The Swiss company has also started negotiations with Sta
Published 19 Nov, 2018 12:00am
Trade war to hit container shipping, warns Maersk

Trade war to hit container shipping, warns Maersk

Top US importers are stocking up on Chinese goods before new import tariffs take effect, shipping giant A.P. Moller-Maersk said on Wednesday, but warned a trade war would hit demand for container shipping in the coming years. Maersk's data indicated that
Published 19 Nov, 2018 12:00am
Singapore Airlines profit sinks on fuel costs

Singapore Airlines profit sinks on fuel costs

Singapore Airlines Ltd on Tuesday reported an 81 percent plunge in second-quarter earnings, hurt by higher fuel prices, lower airfares and non-cash losses at its part-owned Virgin Australia Holdings Ltd. The airline said bookings in the coming months were
Published 19 Nov, 2018 12:00am
Singapore Airlines profit sinks on fuel costs

Singapore Airlines profit sinks on fuel costs

Singapore Airlines Ltd on Tuesday reported an 81 percent plunge in second-quarter earnings, hurt by higher fuel prices, lower airfares and non-cash losses at its part-owned Virgin Australia Holdings Ltd. The airline said bookings in the coming months were
Published 19 Nov, 2018 12:00am
Emaar Properties reports 29 percent fall in Q3 profit

Emaar Properties reports 29 percent fall in Q3 profit

Dubai's largest listed developer Emaar Properties reported a 29 percent fall in third quarter profit on Wednesday, below analysts' forecasts. The developer of the Burj Khalifa, the world's tallest building, did not say why profit fell, though Dubai's prop
Published 19 Nov, 2018 12:00am
Emaar Properties reports 29 percent fall in Q3 profit

Emaar Properties reports 29 percent fall in Q3 profit

Dubai's largest listed developer Emaar Properties reported a 29 percent fall in third quarter profit on Wednesday, below analysts' forecasts. The developer of the Burj Khalifa, the world's tallest building, did not say why profit fell, though Dubai's prop
Published 19 Nov, 2018 12:00am
Romania could challenge Russian grip on Europe's energy

Romania could challenge Russian grip on Europe's energy

Romania, one of the EU's poorest members, could emerge as an unlikely challenger to Russia's iron grip on eastern Europe's energy supply thanks to vast oil and gas reserves waiting to be tapped, experts say. Its hydrocarbon riches already give Romania a h
Published 19 Nov, 2018 12:00am
Rio Tinto, Nespresso to make coffee pods greener

Rio Tinto, Nespresso to make coffee pods greener

Nespresso, part of food giant Nestle, aims to use sustainable aluminium in all of its coffee capsules by 2020 under a deal with mining major Rio Tinto announced on Monday. Both companies have faced criticism for adding to pressure on the planet, with camp
Published 19 Nov, 2018 12:00am
Protest greets Apple's Champs Elysees launch

Protest greets Apple's Champs Elysees launch

The launch of an Apple store on the Champs Elysees in Paris was greeted Sunday by a protest against the US multinational's controversial fiscal practices. Activists from the tax campaign group Attac gathered on the celebrated boulevard, wearing coloured w
Published 19 Nov, 2018 12:00am
Nearly half of German firms expect growing trade strains with US

Nearly half of German firms expect growing trade strains with US

Forty-four percent of German firms expect a further escalation of trade tensions between Europe and the United States, which is likely to continue to dampen new investments, the RND newspaper chain reported, citing a survey by the IW economic institute.
Published 19 Nov, 2018 12:00am
France to cut nuclear energy reliance by 2035

France to cut nuclear energy reliance by 2035

France aims to reduce the share of electricity produced by nuclear reactors to 50 percent from 75 percent now by 2035, Environment Minister Francois de Rugy said on Sunday. The French government has long outlined plans to shrink the country's reliance on
Published 19 Nov, 2018 12:00am
Four arrested in Iran sugar protests

Four arrested in Iran sugar protests

Four people were arrested in southwestern Iran on Sunday as locals joined striking sugar workers in mounting protests over unpaid wages and alleged criminal activity by managers, the official IRNA news agency said. Protests by workers from the Haft Tapeh
Published 19 Nov, 2018 12:00am
US shale firms offer $100 million to aid Texas, New Mexico

US shale firms offer $100 million to aid Texas, New Mexico

More than a dozen top US energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday.
Published 19 Nov, 2018 12:00am
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