Last update: Thu, 11 Feb 2016 08pm

Business & Finance

Norwegian Air swings to bigger than expected Q4 operating profit

2016-02-11 14:17:32

OSLO: Budget airline Norwegian Air Shuttle reported fourth-quarter earnings above expectations on Thursday and kept its outlook for growth in capacity this year, while costs were seen lower. Norwegian, Europe's third-biggest budget airline by pas


Bank of India posts Q3 loss; bad loans soar

2016-02-11 14:00:49

MUMBAI: Bank of India Ltd, India's third-biggest state-run lender by assets, reported a loss for the December quarter as bad loans surged. Net loss was 15.06 billion rupees ($220.31 million) for its fiscal third quarter to Dec. 31, compared with


South Korean bond yields hit record lows amid global woes

2016-02-11 14:08:09

SEOUL: South Korean government bond prices rallied across the board on Thursday as concerns about the health of the world economy drove global stocks lower and boosted the safe-haven appeal of the top-rated bonds.Yields fell across the curve to recor



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


EU regulators to investigate Spanish aid for postal operator

2016-02-11 12:52:45

BRUSSELS: European Union regulators will investigate whether a series of Spanish measures granted to Correos since 2004 have given the state-owned postal operator an unfair advantage, following two complaints. The European Commission said the probe w



Pak-Qatar agreement on LNG to revitalize economy

2016-02-11 14:42:49

PESHAWAR: The leaders of business community and politicians of Khyber Pakhtunkhwa here Thursday welcomed signing of multi-billion dollars Liquified Natural Gas (LNG)'s agreement between Pakistan and Qatar and termed it a step forward to address 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



Khurram ready for the big test!

2016-02-11 12:50:25

Opening batsman Khurram Manzoor named in the Pakistan squad for the next month’s ICC World Twenty20 in India, being amazed of surprise inclusion for mega event.Khurram Manzoor, who last represented Pakistan in a Test match in 2014, has returned to


Reus goals crucial as Dortmund hunt leaders Bayern

2016-02-11 12:18:11

BERLIN: Attacking midfielder Marco Reus's return to form after injury and illness has given Borussia Dortmund a boost in their campaign to chase down Bundesliga leaders Bayern Munich as they prepare to host struggling Hanover 96 on Saturday.The 2


France team to face Ireland in the Six Nations

2016-02-11 13:20:06

PARIS: - France manager Guy Noves on Thursday named the following team to face Ireland in the Six Nations at the Stade de France on Saturday: 1-Jefferson Poirot, 2-Guilhem Guirado (captain), 3-Uini Atonio, 4-Alexandre Flanquart, 5-Yoann Maestri, 6-We



8 Celebrities Who Converted to Islam

2016-02-11 09:00:00

A.R. RAHMAN (ALLAH-RAKHA RAHMAN): Known for his remarkable music compositions, the legendary Indian music producer/singer/songwriter was born, in a Hindu household, as Dileep Kumar. While his mother, inspired by Sufism, belonged to an Islamic family


Why ‘Neerja’ banned in Pakistan?

2016-02-11 09:57:42

Sonam Kapoor’s ‘Neerja’, has been banned in Pakistan, based on real incidents during the hijacking of the Pan Am Flight 73 at the Karachi airport in 1986.According to Indian Express report, Mobasher Hasan, who heads the Central Board of Film Ce


'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



South Korean stocks in biggest fall in 3-1/2 years, won eases

2016-02-11 14:15:51

SEOUL: Seoul shares suffered its biggest fall in more than 3-1/2 years on Thursday as risk-averse investors raced to safe-haven assets after comments from US Federal Reserve Chair Janet Yellen raised bets the Fed may face difficulty hiking rates furt


Sri Lankan rupee forwards firmer on dollar inflows; stx weaker

2016-02-11 14:14:06

COLOMBO: Sri Lankan rupee forwards edged up on Thursday as dollar inflows surpassed demand from importers, but dealers said they expected the currency to depreciate in the months to come due to rising imports and slowing dollar inflows.One-week rupee


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