Last update: Mon, 08 Feb 2016 03pm

Business & Finance

Suzuki Q3 operating profit up slightly; net profit outlook trimmed

2016-02-08 10:03:09

TOKYO: Suzuki Motor Corp said operating profit rose slightly in the third quarter on healthy demand in India, but trimmed its full-year net profit outlook due to a tax-related issue. Japan's fourth-largest automaker posted a 1 percent increase in


Kenya's central bank offers 4bn shillings in reverse repos

2016-02-08 10:05:49

NAIROBI: Kenya's central bank offered banks 4 billion shillings ($39.29 million) in reverse repurchase agreements (reverse repos) on Monday.The bank uses reverse repos to provide liquidity to any lender that might be struggling for funding on the


JGBs mostly higher, 10-year yield edges near zero

2016-02-05 11:06:53

TOKYO: Japanese government bond prices soared on Friday, with the benchmark 10-year yield edging near zero percent after Japanese share prices plunged on a rise in the yen, undermining any benefits from the Bank of Japan's negative interest rates



Canada to unveil plans for new anti-ISIS cooperation

2016-02-08 08:19:40

OTTAWA: Prime Minister Justin Trudeau was set to unveil Monday new plans for Canada's role in the international coalition against the Islamic State group, including his pledge to stop involvement in air strikes.Ottawa's plans to withdraw its


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


French ex-budget minister on trial for tax fraud

2016-02-08 08:16:49

PARIS: Former French budget minister Jerome Cahuzac, who resigned in disgrace in 2013 after admitting to having a secret Swiss bank account, goes on trial Monday for tax fraud.The 63-year-old faces up to seven years in jail and two million euros ($2.



Juicy seedless kinnow could be Pak identity in foreign markets

2016-02-08 10:13:35

MULTAN: The cultivation of seedless variety of Kinnow in Punjab would increase its export to Russia, England, USA, Germany and other European countries as no country of the west produces such a variety. Experts said in a statement issued by media lia


No forced load-shedding in IESCO region

2016-02-08 10:18:33

ISLAMABAD: The Islamabad Electric Supply Company (IESCO) has clarified a news item appeared in a section of press regarding unscheduled load shedding in Rawalpindi and said that no forced and un-scheduled load shedding was being carried out in Rawalp


Over Rs320.323bn released for developmental projects

2016-02-08 10:15:48

ISLAMABAD: The government has released over Rs320.323 billion for different social sector developmental projects under Public Sector Development Programme (PSDP) 2015-16 against the total allocation of Rs700 billion.According to latest data released



New Zealand beat Australia by 55 runs, take series

2016-02-08 09:36:54

HAMILTON: New Zealand beat Australia by 55 runs in the third and final one-day international in Hamilton on Monday to take the Chappell-Hadlee Trophy series 2-1.Australia were all out for 191 in reply to New Zealand's 246.For New Zealand, Martin


Australia's Cahill says greed behind China record splurge

2016-02-08 08:19:22

SYDNEY: Greed is behind the proliferation of big-name players heading to the cashed-up Chinese Super League and it will not help the country's national team, China-based Australian star Tim Cahill said.The Chinese record transfer fee has been sma


Pakistan to launch first pro hockey league in November

2016-02-08 10:13:46

ISLAMABAD: Secretary Pakistan Hockey Federation (PHF) Secretary Shahbaz Ahmed Senior on Monday said that Pakistan would launch its first professional domestic league in November involving foreign players."Work to start country's first pro league



When Kapil Sharma returns?

2016-02-06 12:16:10

The King of Comedy, Kapil Sharma had quit ‘Comedy Nights with Kapil’ but speculations are rife that Kapil Sharma and his team have inked a deal with Sony for their brand new comedy show.In fact, actor Sunil Grover who played ‘Gutthi’ in ‘Co


OMG Anushka slapped Salman Khan

2016-02-08 10:03:37

Bollywood superstar Salman Khan has finally to get down into a major fight with his lead actress Anushka Sharma.According to Bollywood life report, Anushka Sharma slapped Salman Khan while shooting for a fight sequence in the movie, (As the script de


Rihanna album at US number one after unusual release

2016-02-08 08:28:48

NEW YORK: Rihanna's long-awaited album "Anti" hit number one Sunday on the US chart after an unusual roll-out that included two commercial tie-ups."Anti," the first album since 2012 by the Barbados-born superstar, which was released January 27 af



Indian shares edge up; metal, bank stocks in focus

2016-02-08 09:56:25

MUMBAI: Indian shares trade flat on Monday as metal firms such as Tata Steel and lenders rallied after the country set minimum import prices for steel products to help a heavily indebted sector struggling to compete against shipments from abroad. Ind


Sri Lankan rupee forwards edge down; IMF statement raises concerns

2016-02-08 10:01:13

COLOMBO: Sri Lankan rupee edged down on Monday due to mild importer dollar demand, though selling of the greenback by banks prevented any further fall amid concerns over a statement by the International Monetary Fund, dealers said. Rupee forwards hav


Irish yields dip back below 1pc after Fitch upgrade

2016-02-08 09:52:28

LONDON: Irish 10-year bond yields dipped on Monday as an upgrade to the country's credit rating by Fitch countered selling pressure ahead of what is expected to be a close-run election on Feb. 26. Fitch raised Ireland by one notch to A late on Fr