Last update: Fri, 29 Apr 2016 12am

Business & Finance

Electrolux profits soar on strong European, US demand

2016-04-28 16:12:45

STOCKHOLM: Swedish appliance giant Electrolux said Thursday its first quarter profit had more than doubled from a year ago thanks to robust markets in Western Europe and North America.Net profit rose to 875 million kronor (96 million euros/$108 milli


Fed awards $25.53bn reverse repos

2016-04-28 18:42:44

NEW YORK: The Federal Reserve on Thursday awarded $25.53 billion of one-day, fixed-rate reverse repurchase agreements to 23 bidders at an interest rate of 0.25 percent, the New York Fed said on its website. On Wednesday, the Fed allotted $31.43 billi


Kenya's 91-day T-bill yield falls to 8.526pc

2016-04-28 17:18:23

NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 8.526 percent at auction on Thursday from 8.770 percent last week, the central bank said. The bank said it received bids worth 16.66 billion shillings ($164.89 million)



White House 'deeply' concerned about China law on foreign NGOs

2016-04-28 18:40:18

WASHINGTON: The White House said on Thursday the United States is "deeply concerned" that China's new law on management of the activities of foreign non-governmental organizations will narrow the space for civil society in China. The White House


Venezuela opposition claims big win in push to recall Maduro

2016-04-28 18:07:24

CARACAS: Opponents of President Nicolas Maduro said Thursday they had gathered more than triple the number of signatures needed from crisis-weary Venezuelans to begin organizing a referendum to remove him from power.Fed up with a punishing recession


EU court overturns carbon market free quotas

2016-04-28 18:09:21

BRUSSELS: The EU's top court on Thursday overturned free quotas for the bloc's carbon market up to 2030, a key part of strategies to curb global warming emissions.The European Commission in Brussels was given ten months to draw up new figures



TDAP to hold trade road shows in Moscow, Tehran

2016-04-28 15:12:20

ISLAMABAD: Trade Development Authority of Pakistan (TDAP) under the supervision of Ministry of Commerce will hold trade road shows in Moscow and Tehran after the month of Ramazan.The TDAP is holding a single-series of such trade shows in the Central


PIA starts probe into financial irregularity worth millions

2016-04-28 11:32:34

ISLAMABAD: Pakistan International Airline (PIA) has initiated inquiry into financial irregularity worth millions of rupees after suspending two senior officials at Lahore airport."PIA management has detected irregularities to tune of Rs 24 million in


Pak forex figure stands at $20.790bn

2016-04-28 14:51:24

KARACHI: Total liquid foreign exchange reserves of the country stands at dollars 20.790 billion, said State Bank of Pakistan (SBP).According to SBP's weekly statement here on Thursday, the foreign reserves held by the State Bank on April 22, were



Many Questions raised on PCB’s decision ‘again’

2016-04-28 11:13:02

The former Pakistan spinner Abdul Qadir, feels that hiring coaches should be utilized for improving a country's cricketing structure, instead of appointing Inzamam-ul-Haq as Chief Selector instead of making him Pakistan team’s batting coach.Acc


Dortmund open to 'exceptional' offer for Hummels

2016-04-28 18:08:40

BERLIN: Borussia Dortmund captain Mats Hummels on Thursday announced his intention to push through a move to Bayern Munich, with his current club willing to let the defender go under certain conditions."Mats Hummels has stated his wish to leave the c


Cycling: Tour de Romandie results

2016-04-28 18:10:32

MORGINS: Results from the Tour de Romandie second stage, a 173.9km ride from Moudon to Morgins on Thursday:1. Nairo Quintana (COL/MOV) 4hr 26min 40sec, 2. Ilnur Zakarin (RUS/KAT) same time, 3. Rui Costa (POR/LAM) at 26 sec, 4. Rigoberto Uran (COL/CAN



Deepika Padukone Secretly Engaged?

2016-04-28 09:23:45

Bollywood leggy beauty Deepika Padukone who is currently shooting for her debut Hollywood movie ‘XXX; Returns of Xander Cage’ in Toronto, has became the most talked about topic of today as Hema Malini’s morning post took everyone by surprise. V


Ex-Wife Sussanne Khan Breaks Silence on Hrithik-Kangana Affair

2016-04-28 10:43:10

Fight between two Bollywood stars Hrithik Roshan and Kangana Ranaut has been taking a new turn with each passing day. With leaked emails to leaked cozy picture it’s getting uglier day by day. Ex-wife Sussanne Khan has now voiced her support in favo


Now, you could delete 'awkward' messages, before the recipient reads them

2016-04-28 10:28:18

Ever sent a message you regretted? Now, there’s a way to delete them before it reaches the recipient.Every phone owner has to face this particular dilemma sometimes i.e. written a text message, clicked send and then regretted afterwards.Finally the



TSX rises, led by gold and energy stocks

2016-04-28 17:07:05

TORONTO: Canada's main stock index rose on Thursday as resource stocks rose and Bombardier Inc rallied after winning a large plane order, while the financials group retreated. Some of the most influential movers on the index included gold stocks.


Dollar nurses losses against yen after BoJ holds policy steady

2016-04-28 17:14:52

NEW YORK: The US dollar pared losses against the yen on Thursday, but was still on track to notch its biggest daily loss against the Japanese currency in eight months, after US consumer spending data provided some optimism on the US economic outlook.


US 10-year TIPS breakeven rate hits highest since August

2016-04-28 16:57:28

NEW YORK: The US bond market's gauge on investors' inflation outlook in 10 years rose on Thursday to its strongest level since early August due to higher oil prices and data that showed faster than forecast domestic price growth in the first