Last update: Wed, 10 Feb 2016 10pm

Business & Finance

Kuwait's Zain Q4 profit rises 8pc

2016-02-10 15:53:09

DUBAI: Zain, Kuwait's No.1 telecom operator by subscribers, reported an 8 percent rise in fourth-quarter profit on Wednesday, halting a sustained earnings slump as its subscriber base increased. The former monopoly, which operates in eight countr


Fed's Fischer says worried by emergency credit reporting rules

2016-02-10 15:41:57

WASHINGTON: A top Federal Reserve policymaker expressed concern that financial reforms could make it harder for the central bank to stem a panic in credit markets, a warning that comes amid growing stress in corners of the banking sector. Fed Vice Ch


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


Greek farmers to harden protests as PM seeks compromise

2016-02-10 12:09:22

ATHENS: Greek farmers on Wednesday threatened to escalate a nationwide protest against pension reform by blocking ports and airports, as Prime Minister Alexis Tsipras offered a compromise to end the dispute that has backed his government into a corne



RCCI acknowledges meritorious services of outgoing envoys

2016-02-10 16:05:58

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI), while acknowledging the meritorious services of outgoing Ambassadors, including Dean of the Diplomatic Corps and Argentine Ambassador, Rodolfo J. Martin-Saravia who served for twelve


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


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



Pakistan drop Shehzad for Asia Cup, World Twenty20

2016-02-10 12:25:21

DUBAI: Pakistan have made four changes to their squad for this month's Asia Cup followed by the World Twenty20 including the axing of struggling opener Ahmed Shehzad after a poor run of form.The 24-year-old Shehzad managed just 33 runs in Pakista


Egypt's Zamalek sack coach Mido after Ahly loss

2016-02-10 12:46:47

CAIRO: Egyptian giants Zamalek have sacked their coach Ahmed Hossam, known as Mido, after losing 2-0 to arch-rivals Al Ahly in the Cairo derby.The club, which suffered the defeat on Tuesday, also sacked football director Hazem Emam and appointed Moha


Curry magic as Warriors down Rockets

2016-02-10 12:46:26

OAKLAND: Steph Curry turned on the style as the Golden State Warriors overcame a brave Houston Rockets fightback to triumph 123-110 and stretch their winning streak to 10 games on Tuesday.Reigning NBA Most Valuable Player Curry scored 35 points in a



Mallika Sherawat meets US President

2016-02-10 10:07:08

Bollywood actress Mallika Sherawat express that she has had the ‘good fortune’ to meet President Barack Obama again.On official account, Mallika has tweeted and a ‘Selfie’ of herself with Obama, and they are all smiles for the camera.Reported


'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



Asian markets extend rout as volatility returns

2016-02-10 12:53:02

HONG KONG: Asian stock markets took another battering Wednesday, with Tokyo leading a day of sharp losses as investors grow increasingly concerned about the world economy and the possibility of a global recession.More bourses reopened after the Lunar


Kenya's shilling ends flat after retreating from early gains

2016-02-10 15:45:41

NAIROBI: Kenya's shilling ended almost unchanged on Wednesday, after giving up initial gains on the back of dollar inflows from non-governmental organisations (NGOs). Shares were also steady.At the official close of trade at 1330 GMT, commercial


Yields rise ahead of auction as stocks recover

2016-02-10 15:10:39

NEW YORK: US Treasury yields increased on Wednesday as stock markets stabilized, reducing demand for safe haven debt, and before the United States is due to sell $23 billion in new 10-year notes. European stocks rebounded as concerns about the health