Last update: Fri, 12 Feb 2016 08am

Business & Finance

Boeing shares dive on SEC accounting probe talk

2016-02-11 20:24:14

NEW YORK: US aerospace giant Boeing's shares dived Thursday amid speculation that regulators are investigating its accounting for its 787 and 747 aircraft.In midday trade, shares in the Dow member were down about 10 percent at $104.44.The Securit


India central bank says to actively inject additional cash in March

2016-02-11 21:38:48

MUMBAI: The Reserve Bank of India said on Thursday it will actively inject additional cash into the banking system in March, when liquidity conditions tend to tighten because it marks the end of the fiscal year.The cash injections could come in addit


Bond yields sink as investors doubt another rate hike this year

2016-02-11 20:56:39

NEW YORK: US Treasury prices rose sharply on Thursday, with long-dated yields plunging to record lows as worries over global economic growth and the effectiveness of central bank policy fueled demand for safe haven assets.With stock prices down, oil



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


Hollande calls for Russia to halt action that supports Assad

2016-02-11 22:48:36

PARIS: French President Francois Hollande called Thursday for Russia to halt its military action in support of Syrian President Bashar al-Assad."We need to ensure that Bashar al-Assad leaves power and at the moment, helped by the Russians, he is mass



Steps being taken to attract foreign investment: Jatoi

2016-02-11 19:21:34

ISLAMABAD: Minister for Industries and Production, Ghulam Murtaza Khan Jatoi here on Thursday said government was taking appropriate steps to attract foreign investment in country.Talking to Ambassador of Japan to Pakistan, Hiroshi Inomata who met wi


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



De Villiers committed to South Africa future

2016-02-11 22:55:00

BRIDGETOWN: South Africa's Test and one-day international skipper AB de Villiers insisted Thursday that he remains committed to the national team as he signed up for the Caribbean Premier League T20 tournament.The 31-year-old has faced speculatio


Arsenal named to face MLS All-Stars in July

2016-02-11 20:01:19

NEW YORK: English Premier League title contenders Arsenal will face the Major League Soccer All-Stars on July 28 at San Jose, California, the North American league announced Thursday.It will mark the 13th time an international club side has faced top


Bautista Agut keeps up early season surge

2016-02-11 20:22:56

ROTTERDAM: Roberto Bautista Agut reached his second straight quarter-final and third of the season on Thursday with a 4-6, 6-2, 6-4 defeat of Jiri Vesely at the Rotterdam World Tennis event.The sixth seed, who won the Sofia title last week after also



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



TSX falls as results from Manulife, others disappoint

2016-02-11 21:26:48

TORONTO: Canada's main stock index fell 1 percent on Thursday, hitting a three-week low as a string of disappointing corporate earnings reports added to broad investor unease about the global economy.The most influential weight on the index was M


US dollar slides vs yen on deepening global worries

2016-02-11 21:28:40

NEW YORK: The US dollar fell to a 15-month low against the yen on Thursday, on track for its worst week against the Japanese currency since 2008, as fears of a global economic slowdown and conerns about stress in the banking system, increased demand


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