Last update: Wed, 10 Feb 2016 05pm

Business & Finance

Nissan says nine-month profit soars on North America sales

2016-02-10 12:40:19

TOKYO: Nissan on Wednesday said strong North American sales drove it to another surging profit, as the world's top auto market China shows signs of picking up.The Altima sedan maker said its April-December net profit jumped nearly 34 percent from


Deutsche Bank shares soar more than 11pc on bond-buying rumours

2016-02-10 12:34:58

FRANKFURT: Deutsche Bank shares soared more than 11 percent on the Frankfurt stock exchange on Wednesday, driven by speculation it may be considering a bond buyback programme to help ease concern about its funds. Shares in Germany's biggest lende


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



Commerce Minister inaugurates trade fair on March 9

2016-02-09 17:58:48

ISLAMABAD: Federal Minister for Commerce Engr. Khurram Dastgir Khan will inaugurate the 15th International Textile Asia Trade Fair to be held at Karachi Expo Centre from March 09 to 11, 2016.The Pakistan Readymade Garments Manufacturers and Exporters


K-Electric removes 3800 Illegal Connections across Karachi

2016-02-09 15:32:18

KARACHI: The K-Electric has removed around 3,800 illegal connections, weighing 800 KG, during 65 raids in different locations in the city. A statement on Tuesday said that raids were conducted in various areas of the city including Orangi, Lyari, Cli


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



Tokyo stocks drop to lowest since 2014 on global recession fears

2016-02-10 06:42:26

TOKYO: Tokyo stocks again dropped Wednesday to their lowest level since late 2014, as fears of a global recession hammered investor confidence ahead of testimony by the head of the US central bank.The benchmark Nikkei 225 index tumbled 2.31 percent,


Yen surges as global market rout extends ahead of Yellen testimony

2016-02-10 06:49:57

TOKYO: The Japanese yen extended gains against the dollar and the euro on Wednesday as nervous investors fled to safe investments with equity markets plunging on concerns about the global economy.With volatility returning to bourses around the world,


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