Last update: Wed, 10 Feb 2016 01pm

Business & Finance

Disney rides on the success of ‘Star Wars’

2016-02-10 07:25:24

Disney reported record shattering profits in its first- quarterly earnings and revenue, beating analyst expectations, all thanks to the chart smashing success of ‘Star Wars: The Force Awakens.’ According to Forbes, the House of Mouse posted its f


Goldman eyes cost cuts: CEO

2016-02-09 21:08:28

NEW YORK: US banking giant Goldman Sachs is weighing cost cuts to deal with a slowing global economy, its chief executive Lloyd Blankfein said Tuesday.A person with knowledge of the situation said Goldman intends to slash at least five percent of its


Bond prices rise as stocks fall on global growth worries

2016-02-09 20:28:27

NEW YORK: US Treasuries prices rose on Tuesday as investors concerned about slowing global growth continued to shun stocks, adding interest in safe-haven U.S. government debt.Yields on U.S. Treasuries fell on investor caution about the likelihood of



Los Angeles passes $1.87 bn homeless plan

2016-02-10 08:37:23

LOS ANGELES: Los Angeles, sometimes called the homeless capital of America, adopted a $1.87 billion plan Tuesday to help its 44,000 down-and-out people without homes.The 10-year plan adopted by the city council, with the ambitious goal of ending LA&#


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


Ten dead as commuter trains collide in Germany

2016-02-09 22:22:01

BAD AIBLING: German authorities were on Tuesday investigating how two commuter trains collided head-on, leaving at least ten dead and dozens injured, despite having been fitted with automatic braking systems to prevent accidents.Media reports said hu



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


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


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



Gul unlikely to feature in T20 WC, Asia Cup

2016-02-10 08:10:57

Pakistan’s fast bowler Umar Gul is unlikely to become part of upcoming Twenty-20 World Cup and Asia Cup.“I think if a player returns to the team after a gap of six or seven months and is then kicked out again, it’s quite harsh,” Gul said whil


Aubameyang nets 30th goal as Dortmund reach semis

2016-02-09 22:21:07

BERLIN: Pierre-Emerick Aubameyang claimed his 30th goal of the season on Tuesday to help fire Borussia Dortmund into the German Cup semi-finals with a 3-1 victory at VfB Stuttgart.Gabon striker Aubameyang and Germany winger Marco Reus, who have provi


Top seed Gasquet quits Rotterdam with groin injury

2016-02-09 22:04:17

ROTTERDAM: Richard Gasquet handed the Rotterdam World Tennis tournament another box office body blow as the top seed quit on Tuesday a day before his opening match with a groin strain.The pullout came a week after Roger Federer was unable to play aft



‘Lesedi La Rona’, world’s second largest diamond

2016-02-10 08:17:24

‘Lesedi La Rona’ is the new name for the world second largest diamond, and its owners are looking to find buyers for it.The diamond name means ‘Our Light’ in Setswana, the national language of Botswana, the country where the 1,111 carat preci


'Star Trek' vet to helm new series

2016-02-09 22:17:44

LOS ANGELES: Veteran "Star Trek" screenwriter Bryan Fuller is to return to his roots as co-creator and executive producer of the new installment of the cult TV series, CBS Studios announced on Tuesday.The long-running franchise is due to come back to


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



Tokyo stocks drop to lowest since 2014 on global recession fears

2016-02-10 06:42:26

TOKYO: Tokyo stocks again dropped Wednesday to their lowest level since late 2014, as fears of a global recession hammered investor confidence ahead of testimony by the head of the US central bank.The benchmark Nikkei 225 index tumbled 2.31 percent,


Yen surges as global market rout extends ahead of Yellen testimony

2016-02-10 06:49:57

TOKYO: The Japanese yen extended gains against the dollar and the euro on Wednesday as nervous investors fled to safe investments with equity markets plunging on concerns about the global economy.With volatility returning to bourses around the world,


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