Last update: Tue, 09 Feb 2016 06pm

Business & Finance

Swiss drugmaker Actelion forecasts earnings growth in 2016

2016-02-09 13:09:14

ZURICH: Actelion, Europe's largest biotechnology company, forecast that its core earnings would grow in 2016, defying concerns about rising generic competition in its main pulmonary arterial hypertension drug business.This year, Actelion expects


BoE's Cunliffe says housing shortage a vulnerability for UK

2016-02-09 12:25:34

LONDON: Britain's lack of housing makes the economy particularly vulnerable to build-ups of mortgage debt, Bank of England deputy governor Jon Cunliffe said on Tuesday. "To the extent we can solve that underlying structural problem, and bring a b


Euro zone bonds recover as inflation expectations hit record low

2016-02-09 12:56:47

LONDON: Southern European bond yields pulled back from multi-month highs on Tuesday as market expectations of euro zone inflation hit a record low, putting the onus back on the need for further European Central easing. The five-year, five-year breake



Argentina charts tricky course to US debt deal

2016-02-09 08:11:25

BUENOS AIRES: Argentina has claimed a breakthrough in efforts to get US hedge funds off its back by paying $6.5 billion of debt, but faces tricky maneuvers to settle the dispute for good.The leaders of Latin America's third-biggest economy said F


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


Austrian Finance Minister sees ‘ovement’by Heta creditors on offer

2016-02-09 12:49:27

VIENNA: Austrian Finance Minister Hans Joerg Schelling believes there is much "movement" in the positions of Heta Asset Resolution's creditors on an offer by the province of Carinthia to buy back their bonds at a discount, he said on Tuesday. "We



Beef export to UAE fetches US$43.61mn amid 24pc growth

2016-02-09 11:49:59

ISLAMABAD: The export of beef to United Arab Emirates (UAE) has reached US $ 43.61 million during 2014-15, registering 24 per cent increase as compared to previous year.The beef export to UAE during 2012-13 was US$ 35.1 million and thanks to Market A


OGDCL, PPL to launch Shale gas, oil pilot project soon

2016-02-09 11:40:41

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) have been assigned the task to launch a pilot project to drill Shale gas and oil wells, a senior official in Ministry of Petroleum and Natural Resources s


SBP auctions GoP Ijara Sukuk of Rs 11.6257bn

2016-02-08 19:39:34

KARACHI: State Bank of Pakistan (SBP) on Monday auctioned Government of Pakistan Ijara Sukuk (GIS-FBR) amounting Rs 11.6257 billion through its designated primary dealers.The cut-off fixed rental rate is 6.10 percent, said SBP statement.Copyright APP



Qadir to select ZTBL team

2016-02-09 11:30:07

ISLAMABAD: Former leg-spinner Abdul Qadir will be monitoring the Zarai Taraqiati Bank Ltd. (ZTBL) team and will select a pool of players to be played in the Grade-II tournament.Talking to APP, Qadir said he is the advisor and consultant to the ZTBL P


Lionel Messi undergoes operation

2016-02-09 08:46:14

Barcelona has confirmed Lionel Messi is to undergo medical tests to assess a recurrence of kidney problems.According to Mail Online report, ‘Barcelona striker Lionel Messi will undergo several tests on Monday and Tuesday to assess the evolution of


Nadal to warm up for Wimbledon at Queen's Club

2016-02-09 12:24:34

LONDON: Spaniard Rafael Nadal will sharpen his grasscourt game at London's Queen's Club ahead of Wimbledon in June, organisers of the Aegon Championships said on Tuesday. The 14-times grand slam champion, ranked fifth in the world, has fond m



Is Aditi the reason behind the Farhan Akhtar's divorce?

2016-02-09 11:33:33

Bollywood actor Farhan Akhtar has officially announced his separation from wife, Adhuna Bhabani. Rumours started doing the rounds that Farhan's co-star, Aditi Rao Hydari is behind all this and the duo is currently dating each other.According to I


Alia bhatt get caste alongside another 40-plus actor?

2016-02-09 09:26:40

There have been a lot of speculations about Bollywood actor Akshay Kumar getting the golden chance to romance with Bollywood actress Alia Bhatt in an upcoming project.According to India Tv report, Director of Badlapur, Sriram Raghavan is planning a t


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



Egypt tumbles, follows global market rout; Saudi slips

2016-02-09 13:01:00

DUBAI: Egypt's stock market fell more than 2 percent in early trade on Tuesday, following global shares lower, while Riyadh's index slipped as local traders cashed out of speculative shares. Egypt's main index tumbled 2.1 percent. Palm Hi


Yen near November 2014 highs, euro lags on banking worries

2016-02-09 13:03:57

LONDON: The yen rose on Tuesday to its highest against the dollar since November 2014, as a sell-off in global stocks and worries about Europe's banks stoked demand for safe-haven currencies. The euro underperformed. Although it has enjoyed a goo


Indonesia sells 5.25 trillion rupiah of Islamic bonds at lower yields

2016-02-09 12:58:21

JAKARTA: Indonesia's finance ministry sold 5.25 trillion rupiah ($386 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield