Last update: Mon, 15 Feb 2016 04am

Business & Finance

Volkswagen managers were notified about diesel probe in May 2014 -sources

2016-02-14 21:03:51

FRANKFURT: A high-ranking employee warned senior Volkswagen managers in May 2014 that U.S. regulators might examine car engine software as part of an investigation into pollution levels, two sources familiar with the matter said on Sunday.The warning


Saudi central bank raises loan-to-deposit ratio -sources

2016-02-14 20:52:46

KHOBAR: Seeking to ease tightening liquidity in the banking system, Saudi Arabia's central bank has raised the ratio of deposits which commercial banks can lend out to 90 percent from 85 percent, industry sources said on Sunday.No comment was ava


JGBs slip on profit taking, yields pull away from record lows

2016-02-12 05:48:34

TOKYO: Japanese government bond prices slipped on Friday as profit taking emerged after a volatile week that saw debt yields sink to record lows. The benchmark 10-year JGB yield was up 6 basis points at 0.065 percent. The 10-year yield had dropped to



Obama enjoins Supreme Court fight in election year

2016-02-14 13:11:36

RANCHO MIRAGE: President Barack Obama said he would name a new Supreme Court justice to replace Antonin Scalia, slapping down Republican demands for a delay and setting up a monumental election-year fight."I plan to fulfil my constitutional responsib


Venezuela opposition calls talks on ousting president

2016-02-13 21:10:53

CARACAS: Venezuela's opposition said it will launch discussions Sunday aiming to devise a legal procedure within weeks to oust President Nicolas Maduro, whom it blames for the oil-rich country's economic crisis."Tomorrow there will be a speci


Pope to pray for one of Mexico's poorest, most violent cities

2016-02-14 21:07:05

MEXICO CITY: Pope Francis heads to one of the poorest, most dangerous cities in Mexico on Sunday to celebrate Mass before a crowd of hundreds of thousands that residents hope will give them strength to cope with drug gang violence.A gritty expanse of



Pakistan, Korea inch toward free trade agreement

2016-02-14 15:05:06

ISLAMABAD: Pakistan and South Korea are striving to launch a free trade agreement (FTA) following an ongoing feasibility study hoping to capitalize on each other's geo-strategic leverage, Pakistan's envoy to Korea said. In an interview with T


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


Pak forex figure US $ 20.196bn

2016-02-11 14:39:58

KARACHI: Total liquid foreign exchange reserves of the country stand at US $ 20.196 billion, said State Bank of Pakistan (SBP). An SBP's weekly statement here on Thursday stated the foreign reserves held by State Bank on Feb 5 were US $ 15,341 mi



De Villiers leads South Africa to series win

2016-02-14 20:27:55

CAPE TOWN: South African captain AB de Villiers hit a century and took his side to a series victory in the fifth and final one-day international against England at Newlands on Sunday.De Villiers made an unbeaten 101 as South Africa chased down a targ


Power of Love as Monaco snatch Valentine's Day point

2016-02-14 22:56:43

PARIS: Brazilian striker Vagner Love chose Valentine's Day to deliver his first goal in France's Ligue 1 on Sunday, earning Monaco a crucial point in a 1-1 draw at Saint-Etienne.The result leaves Monaco on 46 points in second place in Ligue 1


Mirza, Hingis reach 40-love

2016-02-14 23:14:55

SAINT PETERSBURG: Sania Mirza and Martina Hingis recorded their 40th successive win on Sunday when they captured the St Petersburg women's doubles title and then set their sights on breaking a record which has stood for over 25 years.The India an



Beckhams unite for Valentine's Day NY fashion show

2016-02-14 20:20:25

NEW YORK: Victoria Beckham sent a boyish yet fine-tailored feminine collection down the New York runway on Valentine's Day, winning lavish praise and supported by her beaming husband and four children in the front row.Vogue editor in chief Anna W


Why Kareena and Parineeti refused Hrithik

2016-02-12 11:11:24

Bollywood A-list heroines like Kareena Kapoor Khan and Parineeti Chopra rejected the offer to star opposite the “Bang Bang” actor Hrithik Roshan.Yami Gautam has now been signed to play the lead opposite Hrithik Roshan in ‘Kaabil’. According T


'Harry Potter and the Cursed Child' to hit shelves this summer

2016-02-11 09:58:13

Great news for all the Potter fans out there! A new Harry Potter book is in the line and will be available to fans at midnight on July 31, coinciding with Harry Potter's birthday.The book titled Harry Potter and the Cursed Child Parts I & II



Wall St Week Ahead-Late-day buying could be start of turnaround

2016-02-14 20:50:26

NEW YORK: As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end.The S&P 500 is down about 13 percent from its record high in May, as oil remains mired below $30 a barrel, while concer


Kenyan shilling steady, seen firming

2016-02-12 09:59:37

NAIROBI: Kenya's shilling was steady on Friday and traders said they saw it gaining ground, helped by muted dollar demand and foreign currency inflows from sectors like agriculture and tourism.At 0929 GMT, commercial banks quoted the shilling at


German bond yields sink as Fed seen cautious on rates

2016-02-11 13:52:42

LONDON: Europe's benchmark German bond yields tumbled to the lowest in over nine months on Thursday after US Federal Reserve Chair Janet Yellen flagged market turmoil and a slowdown in China which could limit further rate rises in the world's