04302016Sat
Last update: Sat, 30 Apr 2016 12am

Business & Finance

Telefonica says has other options for O2 if sale is blocked

2016-04-29 16:12:21

MADRID: Spain's Telefonica said on Friday it had plenty of options for its British O2 subsidiary if EU competition regulators block its sale to CK Hutchison Holdings. The EU antitrust watchdog is due to decide by May 19 on whether the deal would

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Danske Bank shows resilience amid market turmoil

2016-04-29 14:51:47

COPENHAGEN: Denmark's biggest lender, Danske Bank, reported much better-than-expected first-quarter results on Friday, outperforming its Nordic rivals as it weathered negative interest rates by snatching market share and cutting costs. The result

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Bund yields near six-week highs on anniversary of historic sell-off

2016-04-29 16:15:21

LONDON: Germany's 10-year bond yield rose sharply on Friday towards six-week highs as stronger oil prices and hawkish comments from a Federal Reserve official triggered selling, on the first anniversary of one of the biggest Bund routs in history

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World

US Senate confirms ambassador to Mexico after nine-month delay

2016-04-29 10:22:34

WASHINGTON: The Senate Thursday confirmed the appointment of a new US ambassador to Mexico, ending a nine-month delay caused by lawmakers opposed to the nominee's work on the US-Cuban rapprochement.Roberta Jacobson, the current assistant secretar

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Brazil's unemployment jumps in Q1 as 11mn seek jobs

2016-04-29 13:31:40

BRASILIA: Brazil's unemployment rate rose sharply in the first quarter, government data showed on Friday, with 11.1 million workers unsuccessfully looking for a job as a severe recession entered its second year. Brazil's national unemployment

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German banks see no quick pick up in Iran business

2016-04-29 13:36:20

BERLIN: Restoring German banks' financial ties with Iran will take time given debt owed to Berlin and transparency concerns, the head of the German banking association said on Friday, dampening expectations days before a business summit in Tehran

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Pakistan

LCCI welcomes establishment of industrial estate in South Punjab

2016-04-29 16:01:02

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) while welcoming the inauguration of another industrial estate in Rahim Yar Khan has urged the government to ensure provision of all facilities to this industrial cluster.In a statement issu

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PM's decision of rollback in gas prices for fertilizer sector hailed

2016-04-29 11:39:34

ISLAMABAD: Fauji Fertilizer Company Limited (FFC) on Friday welcomed the announcement of roll-back in feed gas prices for fertilizer sector raised back in September 2015.Managing Director FFC, Lt Gen Shafqaat Ahmed, (Retd), welcomed the Government

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SBP injects Rs1,135.650 billion

2016-04-29 15:53:22

KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 1,135.650 billion into financial system for seven days through its open market operation (OMO).The rate of return accepted is 6.04 percent per annum, said SBP statement. Copyright APP (Asso

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Sports

Viv Richards should be Pakistan’s head coach?

2016-04-29 12:20:40

Former Pakistan leg-spinner Abdul Qadir has termed Inzamam ul Haq unfit as country’s chief selector, and has advised the cricket board to appoint legendry Viv Richards as cricket team the new head coach.According to local media report, Qadir was of

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Zidane hopeful of having Ronaldo and Benzema fit for City

2016-04-29 15:28:57

MADRID: Real Madrid will be without Cristiano Ronaldo and Karim Benzema for Saturday's trip to Real Sociedad in La Liga but coach Zinedine Zidane is hopeful of having both back to face Manchester City next week.Ronaldo has missed Madrid's las

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RugbyU: Bulls belt Force

2016-04-29 15:27:17

PERTH: South Africa's Bulls kept their surprising season on track Friday with a comfortable 42-20 win over the struggling Western Force in Perth.The visitors made it six wins from eight matches, with one draw, and they are on target for the playo

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Entertainment

Ex-Wife Jennifer Winget Has Lot to Say about Karan-Bipasha Wedding

2016-04-29 11:13:25

Actors Karan Singh Grover and Bipasha Basu will soon tie a knot on April 30. Both the actors have been enjoying their pre-wedding ceremony on Friday. Karan’s ex-wife Jennifer Winget, after a long silence has a lot to say about the most anticipated

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News in Pictures; Celebrations Begins for Bipasha Basu, Karan Singh Grover

2016-04-29 09:45:21

Pre-wedding celebrations of Bollywood actors Bipasha Basu and Karan Singh Grover has begun. Bipasha Basu and Karan Singh Grover's mehendi function is being held in Mumbai on April 29, a day before their wedding. Bipasha and Karan will tie the kno

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Sugar damages the brain, fortunately! it can be reversed

2016-04-29 11:19:49

Bad news for sugar lovers, as too much sugar is not just bad for your teeth, it is worse for the brain, revealed a latest study.According to Telegraph, researchers from the University of California in Los Angeles (UCLA) have found that fructose, whic

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Markets

US stocks open lower

2016-04-29 15:24:53

NEW YORK: US stocks opened in the red Friday, extending the previous day's sharp losses despite better-than-expected quarterly earnings from ExxonMobil and Amazon.ExxonMobil reported first-quarter earnings dived 63 percent due to plunging oil pri

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Yen posts biggest weekly gain since 2008, stocks fall

2016-04-29 16:19:27

NEW YORK: The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding fresh stimulus to the economy, while stocks in Europe and Wall Street headed lower as earnings failed to inspire higher valuations. US equities f

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US bond prices pare losses after March spending data

2016-04-29 13:56:45

NEW YORK: US Treasury prices trimmed earlier losses on Friday as weaker-than-forecast data on consumer spending in March supported the notion of a sluggish US economic expansion, which may keep the Federal Reserve from raising interest rates in June.

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