Last update: Mon, 08 Feb 2016 04am

Business & Finance

Iran says Peugeot to pay $446mn compensation for sanctions move

2016-02-07 22:14:43

DUBAI: French car-maker PSA Peugeot Citroen will pay Iran over 400 million euros ($446 million) in compensation for losses after it quit the country due to sanctions, the managing director of the country's largest carmaker said on Sunday.Peugeot,


Russia additional expenditure seen at approx 600bn roubles in 2016

2016-02-06 11:56:37

MOSCOW: Russia's additional budget expenditure, including support to ailing state development bank Vnesheconombank (VEB), will amount to approximately 600 billion roubles this year, Russian Finance Minister Anton Siluanov said on Saturday.Siluano


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



Mexicans to light pope's route with mobile phones

2016-02-07 22:35:19

MEXICO CITY: Worshipers will line the roadside holding up their mobile telephones to light the way for Pope Francis when he arrives on his visit to Mexico next week, organizers said Sunday.The 79-year-old pontiff himself expressed "great happiness" a


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 island mayor warns of violence over migrant plan

2016-02-07 22:44:37

ATHENS: The mayor of the Greek island of Kos on Sunday called on the government to abandon its plans to build a migrant registration centre as demanded by the EU, warning that local opposition could lead to "uncontrollable" protests."There is a prese



12 exporters attends World Food Moscow Show to improve trade with Russia: TDAP

2016-02-05 09:48:20

ISLAMABAD: Trade Development Authority of Pakistan (TDAP) has arranged participation of 12 exporters from agricultural sector in World Food Moscow exhibition to improve volume of trade with Russia.The other objective of the participation was to help


Cellular mobile subscription shows upward trend, reaches 125.899mn

2016-02-06 09:19:59

ISLAMABAD: The cellular mobile subscribers base in the country after Biometrics Verification is showing upward trend and reached 125.899 million at end of December 2015.The subscribers base was 124.24 million by November last year and during one mont


Pak forex figure $20.27508bn

2016-02-04 15:01:41

KARACHI: Total liquid foreign exchange reserves of the country stand at dollars 20.27508 billion, said State Bank of Pakistan (SBP).SBP's weekly statement here on Thursday said the foreign reserves held by State Bank on January 29, amounted $ 15,



Yasir Shah suspended for three months

2016-02-07 19:20:00

KARACHI: Pakistan's suspended spinner Yasir Shah will be eligible to play cricket from March 27, 2016 as ICC has decided to ban the bowler for three months after he pleaded guilty of breaching Article 2.1 of the ICC Anti-Doping Code.Shah had prov


DR Congo reclaim African Nations Championship title

2016-02-07 22:43:08

KIGALI: DR Congo sealed their second African Nations Championships title when they defeated Mali 3-0 in a one-sided final at Kigali's Amahoro National Stadium on Sunday.Meshack Elia scored a double and Jonathan Bolingi added a third as the Leopar


Manning, Newton to duel as America stops for Super Bowl 50

2016-02-07 22:42:34

SANTA CLARA: An eagerly anticipated quarterback showdown between Peyton Manning and Cam Newton was just hours away on Sunday as excitement built ahead of Super Bowl 50 in California.More than 100 million households across the United States and millio



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


Bus film stunt explosion shakes Londoners

2016-02-07 22:38:18

LONDON: The explosion of a red double decker bus in central London on Sunday alarmed witnesses unaware that it was actually a stunt for a Jackie Chan action film.The bus was travelling across Lambeth Bridge not far from Britain's parliament when


'Intizar Hussain towering personality of literature'

2016-02-03 13:25:23

MULTAN: Diction used by different female characters in novels of iconic writer Intizar Hussain is beautiful and decent.He also highlighted strong belief of women in superstitions through female characters besides their other behaviours.Head of Urdu D



Major bourses dragged lower by weaker oil, global equities

2016-02-07 19:54:37

DUBAI: Major stock markets in the Middle East fell on Sunday after oil prices pulled back and global bourses sold off at the end of last week.The correlation between oil prices and Gulf equity markets has strengthened in recent months with many inves


Egyptian pound slips further on black market, official rate unchanged

2016-02-07 20:05:32

CAIRO: The Egyptian pound continued to weaken on the black market on Sunday, piling more pressure on the central bank to devalue the currency even as the official rate against the dollar remained unchanged at an auction.Egypt, which heavily relies on


Argentina offers $6.5bn to 'holdout' creditors

2016-02-06 09:24:53

NEW YORK: Argentina's new government has offered $6.5 billion to settle its long debt battle with "holdout" creditors, US mediator Daniel Pollack said Friday.The offer was made in New York talks with hedge funds and other creditors who have deman