Last update: Wed, 10 Feb 2016 09am

Business & Finance

Monsanto fined $80 mn for accounting violations

2016-02-09 22:05:39

NEW YORK: Monsanto will pay an $80 million penalty to settle charges it misstated earnings by failing to accurately count rebate costs for a best-selling weed killer, US securities regulators announced Tuesday.Monsanto undercounted rebate payments in


Goldman eyes cost cuts: CEO

2016-02-09 21:08:28

NEW YORK: US banking giant Goldman Sachs is weighing cost cuts to deal with a slowing global economy, its chief executive Lloyd Blankfein said Tuesday.A person with knowledge of the situation said Goldman intends to slash at least five percent of its


Bond prices rise as stocks fall on global growth worries

2016-02-09 20:28:27

NEW YORK: US Treasuries prices rose on Tuesday as investors concerned about slowing global growth continued to shun stocks, adding interest in safe-haven U.S. government debt.Yields on U.S. Treasuries fell on investor caution about the likelihood of



Amid cybersecurity warnings, Obama unveils 'action plan'

2016-02-09 22:00:56

WASHINGTON: President Barack Obama unveiled a cybersecurity "national action plan" on Tuesday as his intelligence chief warned of growing risks from new technologies that open more doors to hackers.Obama asked for $19 billion for cybersecurity effort


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


Ten dead as commuter trains collide in Germany

2016-02-09 22:22:01

BAD AIBLING: German authorities were on Tuesday investigating how two commuter trains collided head-on, leaving at least ten dead and dozens injured, despite having been fitted with automatic braking systems to prevent accidents.Media reports said hu



Commerce Minister inaugurates trade fair on March 9

2016-02-09 17:58:48

ISLAMABAD: Federal Minister for Commerce Engr. Khurram Dastgir Khan will inaugurate the 15th International Textile Asia Trade Fair to be held at Karachi Expo Centre from March 09 to 11, 2016.The Pakistan Readymade Garments Manufacturers and Exporters


K-Electric removes 3800 Illegal Connections across Karachi

2016-02-09 15:32:18

KARACHI: The K-Electric has removed around 3,800 illegal connections, weighing 800 KG, during 65 raids in different locations in the city. A statement on Tuesday said that raids were conducted in various areas of the city including Orangi, Lyari, Cli


SBP injects Rs4bn into market

2016-02-09 16:29:05

KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs. 4 billion into money market for three days through its open market operation (OMO).The rate of return accepted is 6.07 percent per annum, said SBP statement. Copyright APP (Associated Press



De Kock, Amla centuries sink England

2016-02-09 21:18:45

CENTURION: Quinton de Kock and Hashim Amla hit hundreds and shared a double century opening partnership as South Africa kept the series against England alive by winning the third one-day international by seven wickets at SuperSport Park on Tuesday.Jo


Aubameyang nets 30th goal as Dortmund reach semis

2016-02-09 22:21:07

BERLIN: Pierre-Emerick Aubameyang claimed his 30th goal of the season on Tuesday to help fire Borussia Dortmund into the German Cup semi-finals with a 3-1 victory at VfB Stuttgart.Gabon striker Aubameyang and Germany winger Marco Reus, who have provi


Top seed Gasquet quits Rotterdam with groin injury

2016-02-09 22:04:17

ROTTERDAM: Richard Gasquet handed the Rotterdam World Tennis tournament another box office body blow as the top seed quit on Tuesday a day before his opening match with a groin strain.The pullout came a week after Roger Federer was unable to play aft



'Happy Birthday' set for public domain after long feud

2016-02-09 21:12:56

LOS ANGELES: "Happy Birthday to You," one of the world's most recognizable songs, looks finally set to be free for everyone to sing.After prolonged legal wrangling, US publisher Warner/Chappell Music agreed to pay $14 million in a settlement that


'Star Trek' vet to helm new series

2016-02-09 22:17:44

LOS ANGELES: Veteran "Star Trek" screenwriter Bryan Fuller is to return to his roots as co-creator and executive producer of the new installment of the cult TV series, CBS Studios announced on Tuesday.The long-running franchise is due to come back to


Oscar Winning Lady Believes Her Documentary End Honour Killings in Pakistan

2016-02-09 12:48:54

Oscar-winning filmmaker Sharmeen Obaid Chinoy express that her latest Academy Award-nominated documentary will help bring tougher laws against honour killings in the country.According to local media report, “People need to realize that it is a very



TSX falls 2 percent as banks, energy stocks sink

2016-02-09 23:48:14

TORONTO: Canada's main stock index fell on Tuesday to a two-week low, again weighed down by bank and energy company shares as crude oil prices tumbled and investors globally worried about negative interest rates.The drop in oil prices was the maj


US dollar falls with oil, equities as markets seek safety

2016-02-09 22:30:38

NEW YORK: The US dollar fell sharply on Tuesday to its lowest level in nearly four months, as measured by an index of major currencies, with fears of a global economic slowdown pushing investors into safe-haven currencies like the Japanese yen and Sw


Indonesia sells 5.25 trillion rupiah of Islamic bonds at lower yields

2016-02-09 12:58:21

JAKARTA: Indonesia's finance ministry sold 5.25 trillion rupiah ($386 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield