02142016Sun
Last update: Sun, 14 Feb 2016 12am

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European stocks rebound at end of brutal week LONDON: European stocks rebounded Friday on higher oil prices and solid German economic growth, regaining some ground lost this week on fears of a global recession.Frankfurt, London and Paris all rose by nearly 2.0 percent, brushing off another slump in Asia, as investors welcomed news that the German economy grew by a solid 0.3 percent in the fourth quarter.World oil prices meanwhile climbed on fresh hopes of an OPEC output cut, one day after tanking towards 13-year lows on the stubborn crude supply glut.Europe's main stock markets were buoyed also by bargain-hunting after another calamitous day on Thursday, when Frankfurt shed 2.9 percent, Paris slumped 4.1 percent and London dived 2.4 percent.Markets were slammed this week by global economic fears centred on China, banking jitters -- and questions over the impact of the European Central Bank's quantitative easing (QE) stimulus, dealers said."European markets... have been hit by a whole series ...

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Eurozone economy steady amid global turmoil, outlook uncertain BRUSSELS: The eurozone economy held steady in late 2015 despite the buffeting from global market turmoil and a sharp slowdown in China, official data showed Friday, but the outlook is clouded.Analysts said the figures were "something of a relief" after recent weakening data had suggested a modest recovery in the 19-nation single currency bloc was running out of steam.At the same time, the report also pointed up the risks and the European Central Bank, which ...

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RECORDER REPORT: PSX close of day KARACHI: Karachi Stock Exchange (KSE) 100 index closed on Friday having 31494.68 points with a negative change of 325.86 and volume of 86,598,470 shares.High and Low were 31911.96 and 31389.20 respectively. Total volume traded in the market was 121,682,980 shares with 318 total traded companies out of which 82 were up 222 were down and 21 were unchanged. CEMENT was the top traded sector with total traded volume of 17,558,800 shares. It was followed by ...

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Pakistan foils attempt to free Daniel Pearl murderer: military KARACHI: Pakistan's military on Friday said it had foiled a prison break bid aimed at freeing British-born militant Ahmed Omar Saeed Sheikh, currently on death row for the 2002 murder of Wall Street Journal reporter Daniel Pearl. Three militants groups -- Al-Qaeda in the Indian Subcontinent, Lashkar-e-Jhangvi and Tehreek-e-Taliban Pakistan (TTP) -- were working together on the plot, military spokesman Lieutenant General Asim Bajwa said, adding that the plan to attack Hyderabad Central Jail was ...

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'Qaeda' attack kills 5 police in Yemen's Aden ADEN: Suspected Al-Qaeda members killed five police officers on Friday in an attack in Yemen's second city of Aden, a security source said.The masked assailants attacked a police outpost in the Basateen area of northern Aden before fleeing, the source said.The incident came a day after three pro-government soldiers were killed by suspected militants in the southern port city. Copyright AFP (Agence France-Presse), 2016