02092016Tue
Last update: Tue, 09 Feb 2016 10pm

Business & Finance

Swiss drugmaker Actelion forecasts earnings growth in 2016

2016-02-09 13:09:14

ZURICH: Actelion, Europe's largest biotechnology company, forecast that its core earnings would grow in 2016, defying concerns about rising generic competition in its main pulmonary arterial hypertension drug business.This year, Actelion expects

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BoE's Cunliffe says housing shortage a vulnerability for UK

2016-02-09 12:25:34

LONDON: Britain's lack of housing makes the economy particularly vulnerable to build-ups of mortgage debt, Bank of England deputy governor Jon Cunliffe said on Tuesday. "To the extent we can solve that underlying structural problem, and bring a b

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Euro zone bonds recover as inflation expectations hit record low

2016-02-09 12:56:47

LONDON: Southern European bond yields pulled back from multi-month highs on Tuesday as market expectations of euro zone inflation hit a record low, putting the onus back on the need for further European Central easing. The five-year, five-year breake

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World

Obama launches cybersecurity 'action plan'

2016-02-09 18:00:12

WASHINGTON: President Barack Obama on Tuesday unveiled a new cybersecurity "national action plan" calling for an overhaul of aging government networks and a high-level commission to boost security awareness.The announcement responds to an epidemic of

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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

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Merkel 'can't recall' angry phone talk with pope: chancellery

2016-02-09 16:08:39

BERLIN: German Chancellor Angela Merkel's office on Tuesday said she had no memory of an angry phone call she reportedly made to Pope Francis after he compared Europe to a "barren woman"."The chancellor does not recall a phone call with the pope,

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Pakistan

Commerce Minister inaugurates trade fair on March 9

2016-02-09 17:58:48

ISLAMABAD: Federal Minister for Commerce Engr. Khurram Dastgir Khan will inaugurate the 15th International Textile Asia Trade Fair to be held at Karachi Expo Centre from March 09 to 11, 2016.The Pakistan Readymade Garments Manufacturers and Exporters

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K-Electric removes 3800 Illegal Connections across Karachi

2016-02-09 15:32:18

KARACHI: The K-Electric has removed around 3,800 illegal connections, weighing 800 KG, during 65 raids in different locations in the city. A statement on Tuesday said that raids were conducted in various areas of the city including Orangi, Lyari, Cli

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SBP injects Rs4bn into market

2016-02-09 16:29:05

KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs. 4 billion into money market for three days through its open market operation (OMO).The rate of return accepted is 6.07 percent per annum, said SBP statement. Copyright APP (Associated Press

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Sports

Sri Lanka beat India by five wickets in 1st T20

2016-02-09 18:04:34

PUNE: A depleted Sri Lankan side stunned India by beating the world number one ranked team by five wickets in the first Twenty20 international in Pune on Tuesday.Debutant medium-pacer Kasun Rajitha and Dasun Shanaka shared three wickets each to skitt

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Juve defender Chiellini to miss Bayern clash

2016-02-09 18:00:52

ROME: Juventus defender Giorgio Chiellini will miss Saturday's showdown with Serie A leaders Napoli as well as the first leg of the Champions League last-16 tie with Bayern Munich due to a calf injury, the club confirmed on Tuesday.Chiellini, 31,

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Springbok Pollard to miss Super-18 season

2016-02-09 18:04:51

JOHANNESBURG: South Africa international fly-half Handre Pollard will miss the entire Super Rugby season after rupturing knee ligaments, his Bulls side said on Tuesday.The 21-year-old suffered the injury on his first day back in training on Monday an

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Entertainment

Is Aditi the reason behind the Farhan Akhtar's divorce?

2016-02-09 11:33:33

Bollywood actor Farhan Akhtar has officially announced his separation from wife, Adhuna Bhabani. Rumours started doing the rounds that Farhan's co-star, Aditi Rao Hydari is behind all this and the duo is currently dating each other.According to I

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Alia bhatt get caste alongside another 40-plus actor?

2016-02-09 09:26:40

There have been a lot of speculations about Bollywood actor Akshay Kumar getting the golden chance to romance with Bollywood actress Alia Bhatt in an upcoming project.According to India Tv report, Director of Badlapur, Sriram Raghavan is planning a t

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Oscar Winning Lady Believes Her Documentary End Honour Killings in Pakistan

2016-02-09 12:48:54

Oscar-winning filmmaker Sharmeen Obaid Chinoy express that her latest Academy Award-nominated documentary will help bring tougher laws against honour killings in the country.According to local media report, “People need to realize that it is a very

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Markets

Global stocks fail to find solid footing after meltdown

2016-02-09 18:02:22

LONDON: Stocks worldwide resumed their downward slide Tuesday a day after a massive sell-off as investors failed to shake off dogged fears over economic weakness, banking woes and a gloomy oil price outlook.European indices were again in the red at c

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Yen near November 2014 highs, euro lags on banking worries

2016-02-09 13:03:57

LONDON: The yen rose on Tuesday to its highest against the dollar since November 2014, as a sell-off in global stocks and worries about Europe's banks stoked demand for safe-haven currencies. The euro underperformed. Although it has enjoyed a goo

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Indonesia sells 5.25 trillion rupiah of Islamic bonds at lower yields

2016-02-09 12:58:21

JAKARTA: Indonesia's finance ministry sold 5.25 trillion rupiah ($386 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield

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