Last update: Thu, 11 Feb 2016 10pm

Business & Finance

Norwegian Air swings to bigger than expected Q4 operating profit

2016-02-11 14:17:32

OSLO: Budget airline Norwegian Air Shuttle reported fourth-quarter earnings above expectations on Thursday and kept its outlook for growth in capacity this year, while costs were seen lower. Norwegian, Europe's third-biggest budget airline by pas


ECB to decide soon on fate of 500-euro banknotes: board member

2016-02-11 15:30:46

BERLIN: The European Central Bank will take a decision soon on whether to keep printing 500-euro banknotes, with the arguments for doing so becoming "less and less convincing", a top-ranking official said Thursday."We're actively considering the


South Korean bond yields hit record lows amid global woes

2016-02-11 14:08:09

SEOUL: South Korean government bond prices rallied across the board on Thursday as concerns about the health of the world economy drove global stocks lower and boosted the safe-haven appeal of the top-rated bonds.Yields fell across the curve to recor



US jobless claims fall

2016-02-11 15:22:20

WASHINGTON: Fewer Americans filed new claims for US unemployment insurance benefits last week as the labor market overall shows improvement, government data released Thursday showed.Initial jobless claims, a sign of the pace of layoffs, fell by 16,00


First Zika-linked deaths reported in Colombia

2016-02-06 08:45:28

BOGOTA: The mosquito-borne Zika virus sweeping through Latin America has claimed three lives in Colombia, as the United Nations urged increased access to abortion because of fears of severe birth defects.In the first direct statements from government


France's Hollande to announce government shake-up

2016-02-11 15:44:34

PARIS: France's deeply unpopular President Francois Hollande is expected to announce a government reshuffle Thursday as he seeks fresh political momentum ahead of a run for a second term in office in 2017.Top of his list of priorities will be to



Pak-Qatar agreement on LNG to revitalize economy

2016-02-11 14:42:49

PESHAWAR: The leaders of business community and politicians of Khyber Pakhtunkhwa here Thursday welcomed signing of multi-billion dollars Liquified Natural Gas (LNG)'s agreement between Pakistan and Qatar and termed it a step forward to address t


PIA announces reduction in fares

2016-02-10 14:58:19

ISLAMABAD: Pakistan International Airlines (PIA) has reduced its fares on domestic and major international flights, including Umra fares, with immediate effect.Decision to this effect has been taken to stabilize unrealistic hike in fares and to facil


Pak forex figure US $ 20.196bn

2016-02-11 14:39:58

KARACHI: Total liquid foreign exchange reserves of the country stand at US $ 20.196 billion, said State Bank of Pakistan (SBP). An SBP's weekly statement here on Thursday stated the foreign reserves held by State Bank on Feb 5 were US $ 15,341 mi



West Indies to meet India in U-19 World Cup final

2016-02-11 15:41:05

DHAKA: West Indies recorded a hard-fought three-wicket win over hosts Bangladesh to set up a final against India in the ICC Under-19 World Cup in Dhaka on Thursday.All-rounder Shamar Springer orchestrated the win with an unbeaten 62 off 88 balls and


Lennon wants Bolton to stay up in tribute to Gartside

2016-02-11 15:50:24

LONDON: Manager Neil Lennon wants his Bolton team to pay tribute to long-serving chairman Phil Gartside by avoiding relegation from the Championship.Three months after poor health forced him to step aside from his role at the club, Gartside died from


Thailand's Thitiphun soars into lead in Bangladesh Open

2016-02-11 15:19:36

DHAKA: Thailand's Thitiphun Chuayprakong fired a flawless five-under-par 66 to take the lead after the second round in the $300,000 Bashundhara Bangladesh Open on Thursday.Placed second overnight, the 23-year-old Thai carded five birdies to take



8 Celebrities Who Converted to Islam

2016-02-11 09:00:00

A.R. RAHMAN (ALLAH-RAKHA RAHMAN): Known for his remarkable music compositions, the legendary Indian music producer/singer/songwriter was born, in a Hindu household, as Dileep Kumar. While his mother, inspired by Sufism, belonged to an Islamic family


Why ‘Neerja’ banned in Pakistan?

2016-02-11 09:57:42

Sonam Kapoor’s ‘Neerja’, has been banned in Pakistan, based on real incidents during the hijacking of the Pan Am Flight 73 at the Karachi airport in 1986.According to Indian Express report, Mobasher Hasan, who heads the Central Board of Film Ce


'Harry Potter and the Cursed Child' to hit shelves this summer

2016-02-11 09:58:13

Great news for all the Potter fans out there! A new Harry Potter book is in the line and will be available to fans at midnight on July 31, coinciding with Harry Potter's birthday.The book titled Harry Potter and the Cursed Child Parts I & II



South Korean stocks in biggest fall in 3-1/2 years, won eases

2016-02-11 14:15:51

SEOUL: Seoul shares suffered its biggest fall in more than 3-1/2 years on Thursday as risk-averse investors raced to safe-haven assets after comments from US Federal Reserve Chair Janet Yellen raised bets the Fed may face difficulty hiking rates furt


Sri Lankan rupee forwards firmer on dollar inflows; stx weaker

2016-02-11 14:14:06

COLOMBO: Sri Lankan rupee forwards edged up on Thursday as dollar inflows surpassed demand from importers, but dealers said they expected the currency to depreciate in the months to come due to rising imports and slowing dollar inflows.One-week rupee


German bond yields sink as Fed seen cautious on rates

2016-02-11 13:52:42

LONDON: Europe's benchmark German bond yields tumbled to the lowest in over nine months on Thursday after US Federal Reserve Chair Janet Yellen flagged market turmoil and a slowdown in China which could limit further rate rises in the world's