Last update: Fri, 12 Feb 2016 02am

Business & Finance

Boeing shares dive on SEC accounting probe talk

2016-02-11 20:24:14

NEW YORK: US aerospace giant Boeing's shares dived Thursday amid speculation that regulators are investigating its accounting for its 787 and 747 aircraft.In midday trade, shares in the Dow member were down about 10 percent at $104.44.The Securit


ECB to decide soon on fate of 500-euro banknotes: board member

2016-02-11 15:30:46

BERLIN: The European Central Bank will take a decision soon on whether to keep printing 500-euro banknotes, with the arguments for doing so becoming "less and less convincing", a top-ranking official said Thursday."We're actively considering the


Bond yields sink as investors doubt another rate hike this year

2016-02-11 20:56:39

NEW YORK: US Treasury prices rose sharply on Thursday, with long-dated yields plunging to record lows as worries over global economic growth and the effectiveness of central bank policy fueled demand for safe haven assets.With stock prices down, oil



US jobless claims fall

2016-02-11 15:22:20

WASHINGTON: Fewer Americans filed new claims for US unemployment insurance benefits last week as the labor market overall shows improvement, government data released Thursday showed.Initial jobless claims, a sign of the pace of layoffs, fell by 16,00


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


France's Hollande says to cut farmers' payroll taxes

2016-02-11 21:01:33

PARIS: French President Francois Hollande said on Thursday that the government would reduce payroll taxes to help struggling farmers.Prime Minister Manuel Valls "will announce before February 17 a new decline in payroll taxes, straight away, for all



Steps being taken to attract foreign investment: Jatoi

2016-02-11 19:21:34

ISLAMABAD: Minister for Industries and Production, Ghulam Murtaza Khan Jatoi here on Thursday said government was taking appropriate steps to attract foreign investment in country.Talking to Ambassador of Japan to Pakistan, Hiroshi Inomata who met wi


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



Richards backs West Indies stars in World Twenty20 dispute

2016-02-11 20:13:09

DUBAI: Viv Richards on Thursday threw his considerable support behind the West Indies squad who are locked in a bitter pay dispute which is threatening their participation in the World Twenty20.The West Indies Cricket Board (WICB) could be forced to


Arsenal named to face MLS All-Stars in July

2016-02-11 20:01:19

NEW YORK: English Premier League title contenders Arsenal will face the Major League Soccer All-Stars on July 28 at San Jose, California, the North American league announced Thursday.It will mark the 13th time an international club side has faced top


Bautista Agut keeps up early season surge

2016-02-11 20:22:56

ROTTERDAM: Roberto Bautista Agut reached his second straight quarter-final and third of the season on Thursday with a 4-6, 6-2, 6-4 defeat of Jiri Vesely at the Rotterdam World Tennis event.The sixth seed, who won the Sofia title last week after also



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



Slump in banks and resources pushes European shares to 2-1/2 year low

2016-02-11 21:12:30

LONDON: A top European share index plunged to its lowest level in 2-1/2 years on Thursday, led down by a renewed slump in banks and commodity-related stocks, with Societe Generale sliding after disappointing results.The pan-European FTSEurofirst 300


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