Last update: Sun, 14 Feb 2016 01pm

Business & Finance

Apple to launch 4-inch iPhone 5se & iPad Air 3 in March

2016-02-13 06:59:10

Apple Inc, is at the moment all set to introduce its next inline iPhone and iPad model on March 15th, while it also target to start selling its upcoming devices in the same week of launch.According to 9to5Mac, the Cupertino based tech, would introduc


Barclays aggressively cuts dollar/yen forecasts amid sharp falls

2016-02-12 10:02:20

LONDON: Barclays aggressively cut its dollar/yen forecasts on Friday, saying the greenback will fall to 95 yen by the end of the year - more than 20 percent lower than the 120 yen previously reckoned - after a surge in the Japanese currency. The Brit


JGBs slip on profit taking, yields pull away from record lows

2016-02-12 05:48:34

TOKYO: Japanese government bond prices slipped on Friday as profit taking emerged after a volatile week that saw debt yields sink to record lows. The benchmark 10-year JGB yield was up 6 basis points at 0.065 percent. The 10-year yield had dropped to



US urges Turkey to halt Syria strikes

2016-02-13 22:43:51

WASHINGTON: The United States pressed Turkey on Saturday to halt military strikes on Kurdish and Syrian regime targets Saturday in the northern province of Aleppo, as Ankara weighs a joint ground assault with Saudi troops."We are concerned about the


Venezuela opposition calls talks on ousting president

2016-02-13 21:10:53

CARACAS: Venezuela's opposition said it will launch discussions Sunday aiming to devise a legal procedure within weeks to oust President Nicolas Maduro, whom it blames for the oil-rich country's economic crisis."Tomorrow there will be a speci


Russia warns of new Cold War as east Ukraine violence surges

2016-02-13 21:05:49

MUNICH: Violence in eastern Ukraine is intensifying and Russian-backed rebels have moved heavy weaponry back to the front line, international monitors warned on Saturday as Moscow responded by accusing the West of dragging the world back 50 years.Rus



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



Pakistani umpire banned by BCCI

2016-02-12 12:23:17

Pakistani cricket umpire Asad Rauf has been banned for five years by the Board of Control for Cricket in India (BCCI), after he was found guilty of "misconduct and corruption".According to Times of India, "Mr. Asad Rauf has been banned for a period o


Neville seeks momentum from first Valencia win

2016-02-13 23:44:18

MADRID: Valencia boss Gary Neville is hopeful his first win in 10 La Liga games in charge of Los Che will be the confidence boost his young side needed to turn their season around.The hosts came from behind to beat Espanyol 2-1 on Saturday thanks to


Olympic runners-up Rupp, Keflezighi reach Rio

2016-02-13 22:36:33

LOS ANGELES: London Olympic 10,000-meter runner-up Galen Rupp won his marathon debut Saturday to book a Rio Olympics berth while 40-year-old Meb Keflezighi qualified for his fourth Olympic trip.Rupp won the US Olympic Marathon Trials in Los Angeles i



Nergis Mavalvala, the Pakistani who detected Einstein gravitational waves

2016-02-13 09:15:34

Pakistan born, astrophysicist Dr Nergis Mavalvala was among the team of scientists who verified Albert Einstein’s 1915 general theory of relativity.The Karachi born Dr Mavalvala, Associate Department Head of Physics at MIT, along with her team anno


Why Kareena and Parineeti refused Hrithik

2016-02-12 11:11:24

Bollywood A-list heroines like Kareena Kapoor Khan and Parineeti Chopra rejected the offer to star opposite the “Bang Bang” actor Hrithik Roshan.Yami Gautam has now been signed to play the lead opposite Hrithik Roshan in ‘Kaabil’. According T


'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



China next in line of fire as Hong Kong stocks sink to 3-1/2-year low

2016-02-12 10:09:15

HONG KONG: A near 7 percent slump in China shares listed in Hong Kong this week and meltdown in financial markets globally is putting investors on edge ahead of the reopening of mainland China markets on Monday after the long Lunar New Year holiday.


Kenyan shilling steady, seen firming

2016-02-12 09:59:37

NAIROBI: Kenya's shilling was steady on Friday and traders said they saw it gaining ground, helped by muted dollar demand and foreign currency inflows from sectors like agriculture and tourism.At 0929 GMT, commercial banks quoted the shilling at


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