Last update: Sat, 06 Feb 2016 07am

Business & Finance

Mercedes January sales rise 20pc on 52pc China sales jump

2016-02-05 10:49:53

FRANKFURT: Daimler's Mercedes-Benz division increased deliveries of its luxury branded vehicles by 20 percent in January to 150,814, buoyed by a 63 percent rise in sales of sports utility vehicles and a 52 percent jump in deliveries in China. For


Swiss bank Julius Baer says deal done with US on tax-dodging case

2016-02-05 12:31:23

ZURICH: Swiss private bank Julius Baer said Friday it had finalised an agreement with US authorities, paying $547 million to end a criminal investigation into claims that it helped rich Americans dodge taxes."Being able to close this regrettable lega


JGBs mostly higher, 10-year yield edges near zero

2016-02-05 11:06:53

TOKYO: Japanese government bond prices soared on Friday, with the benchmark 10-year yield edging near zero percent after Japanese share prices plunged on a rise in the yen, undermining any benefits from the Bank of Japan's negative interest rates



Canada unemployment rate edges up to 7.2pc

2016-02-05 14:45:11

OTTAWA: Overall Canadian employment was virtually unchanged in January, despite more cuts in the Alberta oil sands, while the unemployment rate edged up to 7.2 percent, the government statistical agency said Friday.A total 5,700 jobs were shed nation


South America holds crisis meeting as Zika 'nightmare' spreads

2016-02-04 06:27:43

MONTEVIDEO: South American health ministers held an emergency meeting Wednesday on slowing the spread of the Zika virus, dubbed a "nightmare" by hard-hit Brazil, where it is blamed for brain damage in babies.With health authorities warning the diseas


Zika-hit nations should allow access to contraception, abortion: UN

2016-02-05 14:50:17

GENEVA: The United Nations on Friday urged countries hit by the dangerous Zika virus to let women have access to contraception and abortion.The UN human rights office said the South American countries now urging women to hold off getting pregnant ove



12 exporters attends World Food Moscow Show to improve trade with Russia: TDAP

2016-02-05 09:48:20

ISLAMABAD: Trade Development Authority of Pakistan (TDAP) has arranged participation of 12 exporters from agricultural sector in World Food Moscow exhibition to improve volume of trade with Russia.The other objective of the participation was to help


PR to inaugurate Parcel Express Train on Feb 10

2016-02-04 09:52:50

ISLAMABAD: Pakistan Railways is set to inaugurate new Parcel Express Train from Lahore-Karachi-Lahore via Faisalabad on February 10.The running time of Parcel Train from Lahore to Karachi will be around 22 hours, a senior official in the Ministry of


Pak forex figure $20.27508bn

2016-02-04 15:01:41

KARACHI: Total liquid foreign exchange reserves of the country stand at dollars 20.27508 billion, said State Bank of Pakistan (SBP).SBP's weekly statement here on Thursday said the foreign reserves held by State Bank on January 29, amounted $ 15,



India gamble on paceman Shami for World T20

2016-02-05 10:00:22

NEW DELHI: India have gambled on the fitness of Mohammed Shami by including the injury-prone paceman in the 15-man squad named on Friday for next month's World Twenty20 tournament on home soil.The 25-year-old Shami has not played international cr


Yatsenyuk threatens to quit as Ukraine PM

2016-02-05 12:15:53

KIEV: Ukrainian Prime Minister Arseniy Yatsenyuk on Friday threatened to quit along with his entire government in the latest development of a political crisis rocking the former Soviet state."We all came in as one team and we will continue working in


Carter backs 'fantastic' Jones to revamp England

2016-02-05 13:05:53

HONG KONG: All Blacks great Dan Carter gave Eddie Jones the thumbs-up for his revamp of England on Friday, as the new coach prepared for his first game in charge in the Six Nations.The world player of the year, speaking in Hong Kong ahead of the Nati



Sean Paul and Ali Zafar to perform at PSL’s inaugural opening ceremony today

2016-02-04 12:15:34

Pakistan Super League (PSL) has garnered a lot of hype in the national as well as international media and all eyes will be on this historic sporting event. Preparations for the opening ceremony are in full swing, renowned National and International s


Katrina Kaif finally opens up, talks about love

2016-02-03 09:37:56

Bollywood actress Katrina Kaif has been flooded with questions about her break up with boyfriend Ranbir Kapoor.According to Bollywood life, The actress admitted that it is ‘disheartening’ to read breaking news stories on her personal life (break-


'Intizar Hussain towering personality of literature'

2016-02-03 13:25:23

MULTAN: Diction used by different female characters in novels of iconic writer Intizar Hussain is beautiful and decent.He also highlighted strong belief of women in superstitions through female characters besides their other behaviours.Head of Urdu D



European stock markets stable at open

2016-02-05 12:33:38

LONDON: Europe's main stock markets were steady in initial trading on Friday, at the end of another volatile week for equities.London's FTSE 100 benchmark index gained 0.1 percent to 5,903.5 points compared with Thursday's close.In the eu


EM ASIA FX-Weekly Asia FX gains seen ahead of US jobs data

2016-02-05 11:20:25

SINGAPORE: Most emerging Asian currencies rose on Friday ahead of US jobs data due to be released later in the global day, leaving them set to post another week of gains on speculation that the Federal Reserve will raise interest rates more slowly th


Poland sells 7.5bn zlotys bonds at auction

2016-02-04 13:28:35

WARSAW: Poland sold a total of 7.5 billion zlotys ($1.90 billion) in zero-coupon bonds due October 2018 and fixed-rate bonds due July 2026, the finance ministry said in a statement on Thursday. This consisted of 3.64 billion zlotys in the zero-coupon