04082016Fri
Last update: Fri, 08 Apr 2016 08am

Business & Finance

Siemens shifts 300mn pounds of pension liabilities to PIC

2016-04-07 15:55:03

FRANKFURT: German industrial group Siemens has transferred 300 million pounds ($422 million) of pension liabilities relating to staff it acquired from VA Tech a decade ago to Britain's Pension Insurance Corporation, the two companies said on Thur

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Deutsche Bank chairman says investors haven't asked him to leave

2016-04-07 16:02:34

FRANKFURT: Deutsche Bank shareholders have not asked supervisory board Chairman Paul Achleitner to refrain from running for a second term when his current mandate runs out in 2017, he told a German magazine. "I have read such anonymous statements rep

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Kenya 91-day T-bill yield rises to 9.001pc

2016-04-07 15:28:41

NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills rose to 9.001 percent from 8.965 percent last week, the central bank said on Thursday. The bank said it received bids worth 5.58 billion shillings for the 4 billion shillings of

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World

US senator to seek billions in emergency funds for Egypt, Jordan, Lebanon

2016-04-07 15:38:43

WASHINGTON: Senior US Senator Lindsey Graham said on Thursday he would seek an emergency appropriation of "multiple billions" of dollars to help Egypt, Jordan and Lebanon as they try to cope with the fallout from the war with Islamic State. Graham, w

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Argentine president faces probe over 'Panama Papers'

2016-04-07 16:26:53

BUENOS AIRES: A federal prosecutor in Argentina opened an investigation Thursday into President Mauricio Macri's financial dealings via two offshore firms revealed in the so-called Panama Papers leaks.Prosecutor Federico Delgado said he had asked

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EU to simplify VAT system, crack down on fraud

2016-04-07 16:32:52

BRUSSELS: The European Commission outlined ambitious plans on Thursday to simplify the 28-nation EU's sales tax system so as to cut business costs and eliminate tens of billions of euros in fraud.EU Economic Affairs Commissioner Pierre Moscovici

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Pakistan

FPCCI offers budget proposals for rapid growth

2016-04-07 16:42:44

ISLAMABAD: The United Business Group (UBG) of Federation of Pakistan Chambers of Commerce (FPCCI) on Thursday asked the FBR to include budget proposals forwarded by FPCCI to increase GDP growth.The Chairman Federal Board of Revenue (FBR) Nisar Muhamm

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OGDCL providing free healthcare services in its all operational areas

2016-04-07 10:21:10

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) - the country's leading exploration and production (E&P), is providing free healthcare services in its all operational areas spreading over all the four provinces."We firmly belie

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SBP injects Rs31bn into market

2016-04-07 14:39:37

KARACHI: State Bank of Pakistan (SBP) on Thursday injected Rs. 31 billion into money market for one day through its open market operation (OMO).The rate of return accepted is 6.01 percent per annum, said SBP. Copyright APP (Associated Press of Pakist

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Sports

PCB camp for spinners from Friday

2016-04-07 14:42:34

ISLAMABAD: The Pakistan Cricket Board (PCB) will be holding a specialized camp for spinners at the National Cricket Academy (NCA) from April 8 to 14.The camp will be supervised by the spin bowling consultant of the National Team Mushtaq Ahmed, says a

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Barca seek response to Clasico defeat

2016-04-07 15:54:25

BARCELONA: Barcelona must overcome a dismal record at Real Sociedad on Saturday to reinforce the club's title credentials after their 39-game unbeaten run in all competitions ended with defeat by Real Madrid last week. La Liga leaders Barca were

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La Rochelle coaching duo extend contracts

2016-04-07 16:32:00

LA ROCHELLE: La Rochelle coaches Patrice Collazo and Xavier Garbajosa have extended their contracts with the Top 14 side by three years until 2020, club president Vincent Merling confirmed on Tuesday. "This announcement is natural, as the life we'

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Entertainment

6 Horrible Celebrity Surgery Disasters

2016-04-07 09:51:54

One of the greatest challenges of pursuing a career related to the field of glamour is to constantly look beautiful. Hence, celebrities have been going under the knife to resolve their aging woes and enhance their facial features. However, only a few

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Priyanka Chopra Confirms Bipasha Basu's Wedding

2016-04-07 08:30:16

Previous report has indicated that Bollywood actors Bipasha Basu and Karan Singh Grover will tie a knot later this month. Though, the actors didn’t disclosed any details about their marriage but Bipasha’s close friend Priyanka Chopra has put all

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Diabetes the ‘Silent Killer’, how to counter?

2016-04-07 10:55:16

In the wake of Global Diabetes report 2016, published by UN’s World Health Organization (WHO), which dropped a bombshell revealing that almost half a billion (422 million) adults are suffering from Diabetes.Concerns have been raised as how to contr

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Markets

Panama Papers and ECB pound European banking shares

2016-04-07 16:10:58

LONDON: European banking shares took a pounding Thursday after British regulators ordered lenders to come clean on any links to the Panama Papers scandal and the ECB appeared comfortable with negative interest rates.Overall the the major European sha

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C$ weakens as oil falls, Wall Street retreats

2016-04-07 15:56:41

TORONTO: The Canadian dollar weakened against its US counterpart on Thursday as oil prices fell, while losses on Wall Street also weighed on the risk-sensitive commodity-linked currency.Oil fell as rising exports from Iraq underlined the global overs

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US bond yields hit 6-week lows on growth fears

2016-04-07 15:26:12

NEW YORK: US Treasury yields fell broadly on Thursday to their lowest levels since late February as declining oil prices and global growth fears underpinned bond prices. The fall in yields was also due to a reversal in investors' risk appetite fr

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