Last update: Tue, 24 Jan 2017 04am

Business & Finance

Yahoo revenue rises 15.4 pct amid Verizon deal uncertainty

2017-01-23 22:02:06

Yahoo Inc reported a 15.4 percent rise in quarterly revenue on Monday, ahead of a proposed sale of its core internet business to Verizon Communications Inc .The fate of the deal was thrown into doubt after Yahoo disclosed two major data breaches last


Protectionism is a 'bad idea'

2017-01-23 07:18:10

PARIS: European Central Bank Executive Board member Benoit Coeure said on Monday that economic protectionism was a bad idea, as he commented on new US President Donald Trump, who has backed protectionist policies. "Protectionism, at this current mome


Italian yields hit six-week high, safe-haven Bund yields fall on Trump

2017-01-23 16:48:39

LONDON: Italian government bond yields hit six-week highs on Monday, bucking a broader fall in euro zone debt yields, before a hearing on the legitimacy of new electoral law.Germany led most euro zone bond yields lower as new U.S. President Donald Tr



White House warns China on trade, South China Sea

2017-01-23 21:54:17

WASHINGTON: The White House warned China on Monday that the United States will defend "international interests" in the South China Sea and that trade must be a "two-way street."At his first formal daily briefing, President Donald Trump's press se


Venezuela's Maduro names new central bank chief

2017-01-23 08:58:34

CARACAS: Venezuelan President Nicolas Maduro named a lawmaker as the country's new central bank chief, after reportedly pushing out the former head as the country struggles through a deep economic crisis.Speaking on his weekly television program,


Build bridges not walls, Mexico tells Trump

2017-01-23 20:27:54

MEXICO CITY: Mexican President Enrique Pena Nieto Monday rejected US President Donald Trump's plans to build a wall between the countries, saying his nation "does not believe in walls, but in bridges."Pena Nieto was outlining his strategy for rel



Pakistan to promote country's products in EU market: Khurram

2017-01-23 15:25:39

ISLAMABAD: Federal Minister for Commerce Engineer Khurram Dastgir Khan Monday expressed the resolve to meet head on challenges faced by Pakistan in European markets vigorously to promote country's products.Chairing a conference of Trade Officers


Rs 100mn project approved to lay gas pipelines: Ibrar

2017-01-22 19:01:32

RAWALPINDI: In a bid to overcome prevailing gas shortage, Sui Northern Gas Pipeline SNGPL Rawalpindi has approved a project of Rs 100mln to lay 10 inch pipeline in cantonment areas. The pipeline would be laid from Sowan to Lalkurti. It was decided in


CDNS achieves Rs116 billion by January, 20

2017-01-23 14:09:30

ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved Rs 116 billion savings till third week of third quarter of current fiscal year, from July 01 to January 20, 2016-17.The target for the year 2016-17 was set at Rs 228 billion,



Warner wins Allan Border medal for second year

2017-01-23 14:37:31

SYDNEY: Australia's prolific opening batsman David Warner fought off a strong challenge from his captain Steve Smith to become just the fourth player to win back-to-back Allan Border Medals on Monday.Only Ricky Ponting, Shane Watson and Michael C


Football: Wenger hit with misconduct charge after fourth official row

2017-01-23 18:24:38

LONDON: Arsenal manager Arsene Wenger was charged with misconduct by England's governing Football Association on Monday after an alleged altercation with the fourth official during Sunday's 2-1 Premier League win over Burnley.The veteran Fren


Tennis: Veterans Federer, Venus eye Aussie semis

2017-01-23 21:53:18

MELBOURNE: Age-defying Roger Federer and Venus Williams eye yet more Grand Slam glory Tuesday, but the veterans have tough tasks ahead to reach the Australian Open semi-finals.Swiss great Federer's chances of winning an 18th major title have been



Donald Trump listens to Quranic verses at interfaith ceremony

2017-01-23 11:42:24

US President Donald Trump, first lady Melania Trump, Vice President Pence and Karen Pence continued a long inaugural tradition Saturday morning, attending a prayer service that was notable for the diversity of faith participants. Religious leaders fr


Amidst all the tension, these Pakistani actors will fly down to India for a movie

2017-01-23 10:56:44

Despite all the political tensions between the two neighboring countries, Pakistani actors Adnan Siddiqui and Sajal Ali will soon fly down to India for their upcoming Bollywood movie Mom. According to an Indian media report, as the film starred two P


Hollywood set for Oscars picks with no big surprises

2017-01-23 12:01:46

LOS ANGELES: All eyes will be on Hollywood Tuesday as the list of nominees for this year's Oscars is unveiled with critical darlings "La La Land," "Moonlight" and "Manchester by the Sea" set to fare well.But beyond the suspense surrounding the ba



Wall St dips as investors turn defensive

2017-01-23 20:33:29

NEW YORK: U.S. stocks declined on Monday to put the S&P 500 on track for its worst session of the year as early signals from President Donald Trump highlighting a protectionist stance on trade put investors on the defensive.In his latest executiv


Dollar retreats as Trump takes over

2017-01-23 18:22:36

LONDON: The dollar retreated Monday, with warnings of wild volatility ahead, as Donald Trump began his presidency by attacking global trade deals and promising to put America first.With trading floors ravaged by uncertainty over the US leader's p


Iraq announces sale of $1bn in bonds guaranteed by US

2017-01-22 13:23:20

BAGHDAD: Iraq announced the sale of $1 billion in bonds guaranteed by the United States, paying an interest of 2.1 percent, far below the 9 percent yield on the country's non-guaranteed debt. The US-guaranteed five-year bonds were issued on Wedne