Last update: Mon, 08 Feb 2016 02am

Business & Finance

Air Arabia records third straight quarterly profit drop

2016-02-07 19:59:12

DUBAI: Air Arabia, the United Arab Emirates' only publicly-listed airline, reported its third consecutive quarterly profit drop on Sunday, as fuel hedges taken out at higher oil prices continued to hurt results despite a jump in passenger numbers


Russia additional expenditure seen at approx 600bn roubles in 2016

2016-02-06 11:56:37

MOSCOW: Russia's additional budget expenditure, including support to ailing state development bank Vnesheconombank (VEB), will amount to approximately 600 billion roubles this year, Russian Finance Minister Anton Siluanov said on Saturday.Siluano


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



Trump says New Hampshire win not necessary to secure nomination

2016-02-07 19:46:43

WASHINGTON: US Republican presidential candidate Donald Trump said he does not have to win the New Hampshire primary vote on Tuesday to secure the nomination, apparently tamping down expectations despite holding a double-digit lead in that state'


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


UK PM Cameron rebuked by party members for ignoring their views on EU

2016-02-07 20:02:43

LONDON: British Prime Minister David Cameron is facing a revolt from among his Conservatives for encouraging lawmakers to ignore their local party's views on an upcoming European Union membership referendum.Cameron has said he will back staying i



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


Cellular mobile subscription shows upward trend, reaches 125.899mn

2016-02-06 09:19:59

ISLAMABAD: The cellular mobile subscribers base in the country after Biometrics Verification is showing upward trend and reached 125.899 million at end of December 2015.The subscribers base was 124.24 million by November last year and during one mont


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,



Yasir Shah suspended for three months

2016-02-07 19:20:00

KARACHI: Pakistan's suspended spinner Yasir Shah will be eligible to play cricket from March 27, 2016 as ICC has decided to ban the bowler for three months after he pleaded guilty of breaching Article 2.1 of the ICC Anti-Doping Code.Shah had prov


Fans fulfil mask pledge to monkey chant victim Koulibaly

2016-02-07 20:17:37

MILAN: Thousands of Napoli fans made good a pledge to racism victim Kalidou Koulibaly on Sunday by filling the San Paolo stadium with masks of the Senegal defender prior to kick off against Carpi on Sunday."It's great what the fans did today, it


Picamoles out for several weeks

2016-02-07 20:20:05

PARIS: France No.8 Louis Picamoles may play no further part in the Six Nations after pulling a hamstring, the national team said on Sunday.Picamoles had to come off after just 15 minutes of France's tight 23-21 win over Italy in their six Nations



When Kapil Sharma returns?

2016-02-06 12:16:10

The King of Comedy, Kapil Sharma had quit ‘Comedy Nights with Kapil’ but speculations are rife that Kapil Sharma and his team have inked a deal with Sony for their brand new comedy show.In fact, actor Sunil Grover who played ‘Gutthi’ in ‘Co


SRK to land up in trouble again

2016-02-06 08:05:39

Bollywood super star Shah Rukh Khan has faced since his comment last year comes from the Vishwa Hindu Parishad (VHP) which is protesting the ongoing shooting of his upcoming movie ‘Raees’ in Gujarat.According to DNA India report, Vishwa Hindu Par


'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



Major bourses dragged lower by weaker oil, global equities

2016-02-07 19:54:37

DUBAI: Major stock markets in the Middle East fell on Sunday after oil prices pulled back and global bourses sold off at the end of last week.The correlation between oil prices and Gulf equity markets has strengthened in recent months with many inves


Egyptian pound slips further on black market, official rate unchanged

2016-02-07 20:05:32

CAIRO: The Egyptian pound continued to weaken on the black market on Sunday, piling more pressure on the central bank to devalue the currency even as the official rate against the dollar remained unchanged at an auction.Egypt, which heavily relies on


Argentina offers $6.5bn to 'holdout' creditors

2016-02-06 09:24:53

NEW YORK: Argentina's new government has offered $6.5 billion to settle its long debt battle with "holdout" creditors, US mediator Daniel Pollack said Friday.The offer was made in New York talks with hedge funds and other creditors who have deman