Last update: Thu, 11 Feb 2016 09am

Business & Finance

Dubai's Emaar Property profit fall in Q4, rises in 2015

2016-02-10 21:48:57

DUBAI: Dubai property giant Emaar, which owns the tallest tower in the world, said Wednesday its net profit dropped slightly in the fourth quarter but rose 11 percent in 2015.Net profit in the last quarter of 2015 dropped just one percent to $281.7 m


Deutsche Bank shares soar on bond-buying rumours

2016-02-10 21:52:26

FRANKFURT: Shares in Deutsche Bank rocketed up more than 16 percent on the Frankfurt stock exchange on Wednesday, swept up by speculation Germany's biggest lender may launch a bond buyback to assuage concerns about its financial strength.Deutsche


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



RCCI acknowledges meritorious services of outgoing envoys

2016-02-10 16:05:58

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI), while acknowledging the meritorious services of outgoing Ambassadors, including Dean of the Diplomatic Corps and Argentine Ambassador, Rodolfo J. Martin-Saravia who served for twelve


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


Workers' remittances rise by 6pc to $11.2bn in 7 months

2016-02-10 20:06:47

KARACHI: Overseas Pakistani workers remitted $ 11.2 billion in first seven months (July to January) of 2015-16; showing a growth of 6 percent compared to $ 10.566 billion received during the same period in the preceding year.During January 2016, the



Steyn in South Africa squad for World T20

2016-02-10 20:54:32

JOHANNESBURG: South Africa have named fast bowler Dale Steyn in their 15-man squad for the World Twenty20 in India next month, but will ask him to prove his fitness following a debilitating shoulder injury.Steyn, a key component of the South African


Haraguchi ends Hertha's 35-year wait to reach cup semis

2016-02-10 21:44:07

BERLIN: Hertha Berlin ended their 35-year wait to reach the German Cup semi-finals on Wednesday as Japan midfielder Genki Haraguchi sealed their 3-2 win at snowy second-division side Heidenheim.The hosts took an early lead when defender Arne Feick wa


Cilic battles through in Rotterdam

2016-02-10 21:48:24

ROTTERDAM: Marin Cilic fought through to the Rotterdam World Tennis quarter-finals with a 7-6 (7/2), 7-6 (9/7) defeat of Luxembourg veteran Gilles Muller on Wednesday.Victory in the two-hour meeting sent the second-seeded Croatian into a last-eight b



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



TSX rises as financials recover, but energy and mining stocks drag

2016-02-10 21:00:04

TORONTO: Canada's main stock index rose on Wednesday as financial stocks clawed back some losses from the start of the week, offsetting energy and mining stocks that slid as crude oil prices fell.The most influential movers on the index included


Sterling cuts gains against dollar after Yellen's comments

2016-02-10 20:57:23

LONDON: Sterling weakened against a rising dollar on Wednesday after prepared remarks from U.S. Federal Reserve Chair Janet Yellen suggested that interest rate hikes in coming months remain a possibility.Yellen said there are good reasons to believe


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