Last update: Wed, 18 Jan 2017 05pm

Business & Finance

HP Enterprise buys US software startup for $650mn

2017-01-18 07:21:19

SAN FRANCISCO: Hewlett Packard Enterprise on Tuesday announced a deal to buy business data management firm SimpliVity for $650 million in cash.Founded in 2009, the Massachusetts-based Simplivity sells "hyperconverged" systems that combine computing,


Hong Kong regulator sues Standard Chartered, UBS over IPO

2017-01-18 10:52:40

HONG KONG: Hong Kong's stock market regulator has filed a lawsuit against major banks Standard Chartered and UBS along with consultancy firm KPMG over a 2009 initial public offering on the city's bourse.The Securities and Futures Commission (


Mauritius 91-day T-bills yield falls to 2.69pc

2017-01-13 13:11:18

PORT LOUIS: The weighted average yield on Mauritius' 91-day Treasury bill fell to 2.69 percent at auction on Friday from 2.75 percent at the last sale, the central bank said.The Bank of Mauritius sold all the 1.3 billion rupees worth of the debt



'We need seats so badly', Trump plays down inauguration snub by Democrats

2017-01-18 10:06:12

WASHINGTON: US-president elect Donald Trumps inauguration ceremony is approaching near and the number of Democratic lawmakers are boycotting his inauguration at the US capital on January 20.In an interview with Fox and Friends set to air Wednesday, t


Maduro denounces 'hate campaign' aimed at Donald Trump

2017-01-17 08:20:02

CARACAS: Venezuelan President Nicolas Maduro on Monday denounced a "hate campaign" aimed at Donald Trump, saying the US president-elect's administration would not be "worse" than Barack Obama's."Big international media have speculated a lot,"


Italy's Tajani elected European Parliament president: officials

2017-01-17 20:52:54

STRASBOURG: Italian centre-right politician Antonio Tajani was elected the new president of the European Parliament on Tuesday after a final round of voting, officials said.Tajani, an ally of former Italian premier Silvio Berlusconi, got 351 votes wh



American companies determined to invest in Pakistan

2017-01-18 11:11:38

ISLAMABAD: Over 78 percent of US investors has said that they plan to invest in Pakistan over the next 12 months in light of improving law and order situation, among other factors.A survey conducted by the American Business Council shows that over 78


PIA seeks increase in GoP guarantee limit after PK-661 crash

2017-01-18 09:22:51

MUSHTAQ GHUMMANISLAMABAD: Pakistan International Airlines (PIA) has approached the Finance Ministry for an increase in GoP guarantee limit by Rs 10.5 billion to Rs 161.5 billion from Rs 151 billion on the plea that its financial woes have increased a


SBP to withdraw 10pc surrendering condition to enhance dollar supply

2017-01-18 09:33:51

RIZWAN BHATTIKARACHI: In order to enhance the dollar supply in open currency market, the State Bank of Pakistan (SBP) on Tuesday gave the assurance that it would withdraw condition of 10 percent dollar surrendering by the Exchange Companies in the in



PCB spend Rs.1.08bn in three years

2017-01-18 12:16:27

ISLAMABAD: Pakistan Cricket Board (PCB) has spent Rs1.08 billion on promotion of the sport in last three years.According to a private news channel, the facts and figures were submitted in the parliament which revealed PCB's income and expenditure


Football: Valencia extends United contract

2017-01-17 20:54:16

LONDON: Antonio Valencia will stay at Manchester United until 2018 after the Premier League club triggered a one-year extension clause in his contract.Valencia has established himself as Jose Mourinho's first-choice right-back and has now been re


Canadian queen's comeback gathers pace

2017-01-18 08:33:11

MELBOURNE: Eugenie Bouchard's return to form gathered pace Wednesday when she dispatched tricky Chinese Peng Shuai in straight sets to blast into the Australian Open third round.The 22-year-old, on the comeback trail after her high-flying career



Pakistani actress calls to boycott Mahira Khan

2017-01-18 07:32:51

Circumstances are such that Pakistani actress Mahira Khan cannot be seen in India, and now few Pakistanis are also trying to create trouble for the actress. As 'Raees' release inches closer, Lollywood actress Meera has called to boycott Mahir


PM Nawaz forms committee to lift ban from Bollywood movies

2017-01-18 10:08:11

Four months after Pakistan ban Indian films from its cinemas, Prime Minister Nawaz Sharif has announced a committee to look into demands of local theatre owners who are bleeding financially. With nearly empty theatres causing huge financial strain to


Italy toasts its real-life Sherlock Holmes

2017-01-18 07:09:21

ROME: With his Sherlock Holmes-style penchant for using multiple disguises to help crack his cases, Giuseppe Dosi was no ordinary policeman.And nearly 36 years after his death, Italians are still discovering the secrets of the "artist detective".Dosi



European stock markets rebound at open

2017-01-18 11:12:37

LONDON: Europe's main stock markets recovered at the start of trading Wednesday, with London's FTSE 100 up 0.5 percent to 7,256.31 points after falling sharply the previous session.In the eurozone, Frankfurt's DAX 30 index grew 0.5 percen


Sterling on course for best day since at least 1998

2017-01-17 17:03:57

LONDON: Sterling saw its biggest gains since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit.The pound,


US yields fall ahead of 30-year bond sale

2017-01-12 15:30:27

NEW YORK: US Treasury debt yields declined on Thursday, with the 30-year yield hitting a two-month low in advance of $12 billion of 30-year bond supply, the final leg of this week's $56 billion in longer-dated government debt supply.The bond mark