Last update: Wed, 10 Feb 2016 08pm

Business & Finance

Heineken profits up 25 percent to 1.89bn euros in 2015

2016-02-10 12:57:58

THE HAGUE: Dutch brewing giant Heineken on Wednesday announced a 25-percent rise in net profits for 2015, on the back of higher sales and favourable exchange rates.The full-year net attributable profit was 1.89 billion euros ($2.13 billion), compared


Greek central bank chief says delay in bailout review threatens recovery

2016-02-10 15:20:13

ATHENS: Greece's central bank governor warned on Wednesday that further delay in completing a first review of the country's bailout reforms could imperil a projected economic recovery in the second half of this year. Bank of Greece Chief Yann


Bond prices rise as stocks fall on global growth worries

2016-02-09 20:28:27

NEW YORK: US Treasuries prices rose on Tuesday as investors concerned about slowing global growth continued to shun stocks, adding interest in safe-haven U.S. government debt.Yields on U.S. Treasuries fell on investor caution about the likelihood of



Los Angeles passes $1.87 bn homeless plan

2016-02-10 08:37:23

LOS ANGELES: Los Angeles, sometimes called the homeless capital of America, adopted a $1.87 billion plan Tuesday to help its 44,000 down-and-out people without homes.The 10-year plan adopted by the city council, with the ambitious goal of ending LA&#


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


Greek farmers to harden protests as PM seeks compromise

2016-02-10 12:09:22

ATHENS: Greek farmers on Wednesday threatened to escalate a nationwide protest against pension reform by blocking ports and airports, as Prime Minister Alexis Tsipras offered a compromise to end the dispute that has backed his government into a corne



Malik Khuda Baksh appointed FPCCI Foreign Investment Committee head

2016-02-10 13:27:33

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appointed Malik Khuda Buksh, a senior business leader of the country, as the Chairman of its Standing Committee on "Foreign Investment" for 2016. FPCCI President Abdul


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


SBP injects Rs4bn into market

2016-02-09 16:29:05

KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs. 4 billion into money market for three days through its open market operation (OMO).The rate of return accepted is 6.07 percent per annum, said SBP statement. Copyright APP (Associated Press



Pakistan drop Shehzad for Asia Cup, World Twenty20

2016-02-10 12:25:21

DUBAI: Pakistan have made four changes to their squad for this month's Asia Cup followed by the World Twenty20 including the axing of struggling opener Ahmed Shehzad after a poor run of form.The 24-year-old Shehzad managed just 33 runs in Pakista


Egypt's Zamalek sack coach Mido after Ahly loss

2016-02-10 12:46:47

CAIRO: Egyptian giants Zamalek have sacked their coach Ahmed Hossam, known as Mido, after losing 2-0 to arch-rivals Al Ahly in the Cairo derby.The club, which suffered the defeat on Tuesday, also sacked football director Hazem Emam and appointed Moha


Curry magic as Warriors down Rockets

2016-02-10 12:46:26

OAKLAND: Steph Curry turned on the style as the Golden State Warriors overcame a brave Houston Rockets fightback to triumph 123-110 and stretch their winning streak to 10 games on Tuesday.Reigning NBA Most Valuable Player Curry scored 35 points in a



Mallika Sherawat meets US President

2016-02-10 10:07:08

Bollywood actress Mallika Sherawat express that she has had the ‘good fortune’ to meet President Barack Obama again.On official account, Mallika has tweeted and a ‘Selfie’ of herself with Obama, and they are all smiles for the camera.Reported


'Star Trek' vet to helm new series

2016-02-09 22:17:44

LOS ANGELES: Veteran "Star Trek" screenwriter Bryan Fuller is to return to his roots as co-creator and executive producer of the new installment of the cult TV series, CBS Studios announced on Tuesday.The long-running franchise is due to come back to


Oscar Winning Lady Believes Her Documentary End Honour Killings in Pakistan

2016-02-09 12:48:54

Oscar-winning filmmaker Sharmeen Obaid Chinoy express that her latest Academy Award-nominated documentary will help bring tougher laws against honour killings in the country.According to local media report, “People need to realize that it is a very



Asian markets extend rout as volatility returns

2016-02-10 12:53:02

HONG KONG: Asian stock markets took another battering Wednesday, with Tokyo leading a day of sharp losses as investors grow increasingly concerned about the world economy and the possibility of a global recession.More bourses reopened after the Lunar


C$ dips after Yellen remarks, as oil rebound fades

2016-02-10 15:22:32

TORONTO: The Canadian dollar dipped against its US counterpart on Wednesday as a rebound in crude oil prices faded and US Federal Reserve Chair Janet Yellen left the door open to further interest rate hikes.Yellen cited global risks in her prepared t


Yields rise ahead of auction as stocks recover

2016-02-10 15:10:39

NEW YORK: US Treasury yields increased on Wednesday as stock markets stabilized, reducing demand for safe haven debt, and before the United States is due to sell $23 billion in new 10-year notes. European stocks rebounded as concerns about the health