Last update: Fri, 30 Sep 2016 08pm

Business & Finance

Renault signs Iran auto venture

2016-09-30 11:12:56

PARIS: French carmaker Renault said Friday it would start a joint venture in Iran, tapping into the country's fast-growing car market as it opens up to foreign investment after the end of Western sanctions.The venture, in which Renault will hold


Commerzbank targets 2mn new customers while cutting staff

2016-09-30 10:43:07

FRANKFURT: Commerzbank on Friday said it aimed to add 2 million retail and small business customers over the next four years, as it pushes ahead with a revamp that will see it slash thousands of jobs. Germany's second biggest lender said its new


BOJ to trim Oct buying of super-long JGBs to 2-year low

2016-09-30 10:41:34

TOKYO: The Bank of Japan said on Friday it plans to trim buying in long-dated Japanese government bonds (JGBs) in market operations in October to its lowest level since 2014, a move that is seen aimed at steepening the yield curve. The move is one of



US-Philippines military alliance 'ironclad'

2016-09-30 07:07:37

SAN DIEGO: US Defence Secretary Ashton Carter on Thursday said America's alliance with the Philippines remains "ironclad" even though the Asian ally's leader has vowed to end joint military exercises.The Pentagon chief's remarks came as h


Brazil's left risks hammering in local elections

2016-09-30 07:02:47

BRASÍLIA: Brazil's once dominant leftist Workers' Party, already reeling from the impeachment of former president Dilma Rousseff, risks a drubbing Sunday in municipal elections.For 13 years the Workers' Party has shaped Brazil under pres


Britons sceptical on government Brexit strategy

2016-09-30 11:16:16

LONDON: Only 16 percent of Britons think the government is doing well on delivering Brexit while another 16 percent think Britain will end up not leaving the European Union, according to a new poll published on Friday.A majority of those surveyed (50



Nominal increase witnessed in weekly inflation

2016-09-30 10:57:43

ISLAMABAD: The weekly inflation for the week ended on September 29 for the combined income group witnessed nominal increase of 0.03 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above me


NEPRA approves Rs2.56 per unit cut in power tariff

2016-09-30 10:18:26

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) Friday approved Rs.2.56 per unit reduction in power tariff for August under monthly fuel adjustment formula.The regulator approved the tariff reduction on a petition filed by Central


Pak forex figure $ 23.418bn

2016-09-29 15:00:17

KARACHI: Total liquid foreign exchange reserves of the country stand at dollars 23.418 billion, said State Bank of Pakistan. SBP's weekly statement here on Thursday said the foreign reserves held by State Bank on Sept. 23, were $18,395.1 million



Babar Azam’s maiden ton puts Pakistan in driving seat

2016-09-30 14:23:15

KARACHI: Pakistan’s inform right-hand batsman, Babar Azam scored his maiden century against West Indies in the first One Day International (ODI) at Sharjah International Cricket Stadium on Friday.Azam posted 120 runs before he was dismissed by Carl


Ibrahimovic gets Man Utd moving in Europa League

2016-09-29 22:21:44

MANCHESTER: Zlatan Ibrahimovic headed in a 69th-minute winner as Manchester United got their Europa League campaign off the ground with a laboured 1-0 home win over Zorya Luhansk on Thursday.Beaten 1-0 at Feyenoord in their Group A opener, Jose Mouri


Tennis: 'Confident' Halep books place in WTA Finals

2016-09-29 20:14:41

WUHAN: World number five Simona Halep downed Madison Keys in the quarter finals of the Wuhan Open Thursday to book her place in the elite season-end WTA Final for the third consecutive year.Big serving Keys took an early lead in the first set, breaki



Hamza Ali Abbasi urges Pakistani artistes to boycott Bollywood

2016-09-30 10:13:52

As tensions between India and Pakistan in the aftermath of Uri attack rising, actor Hamza Ali Abbasi has taken to social media and posted on his official facebook page urging Pakistani artistes to boycott Bollywood.The actor has always been in the sp


OMG! Fawad Khan and Mahira Khan Banned in India

2016-09-30 09:10:59

Pakistani artists found themselves in trouble earlier this week as extremist Indian party Maharashtra Navnirman Sena (MNS) sought to oust them from India following the tension between the two countries over Uri attack in India.In light of the current


Music school hits right note for Kabul's street children

2016-09-30 13:10:41

KABUL: Short and upright in his grey suit, Wahidullah enchants his audience as his fingers dance over the piano keys.The 20-year-old used to sell chewing gum in the streets of Kabul, until he passed an audition at the Afghan National Institute of Mus



TSX rises, led by resource stocks as oil and gold climb

2016-09-30 13:55:03

TORONTO: Canada's main stock index rose to a one-week high on Friday, led by resource stocks as oil and gold prices climbed and data showed the country's economy got off to a stronger-than-expected start in the third quarter. The Toronto Stoc


Sterling in worst run of quarterly losses since 1984

2016-09-30 10:52:28

LONDON: Sterling stayed below $1.30 on Friday and was on track for a fifth consecutive quarter of losses - the currency's worst run since 1984. The pound plunged to a 31-year low after Britain voted to leave the European Union, falling as low as


Nigeria to raise 129.6bn naira in treasury bills next week

2016-09-30 13:57:08

LAGOS: Nigeria plans to raise 129.67 billion naira ($403.01 million) in short-dated treasury bills at an auction next Wednesday, the central bank said on Friday. The bank said it would raise 28 billion naira in three-month paper, 33.49 billion naira