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Last update: Thu, 25 Aug 2016 02am

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Housing sector helps stocks advance; dollar dips NEW YORK: World shares crept up on Tuesday with a boost from housing sectors while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise US interest rates this year. Wall Street opened higher for the first time in three days, and the Nasdaq hit a record intraday high, with the overall gain in US stocks led by technology and housing. Materials also rose nearly 1 percent. Housing stocks jumped up by at least 1.75 percent after the Commerce Department reported new US single-family home sales soared unexpectedly to near nine-year highs in July. The housing data helped traders fill the gap as markets await an annual gathering of global central bankers and a speech by Fed Chair Janet Yellen on Friday in the mountains of Wyoming. "The big surprise (at Jackson Hole) would be a hawkish shift from Yellen which would be enough ...

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Syria Kurds win battle with govt, Turkey mobilises against them HASAKA: Syrian Kurdish forces took near complete control of Hasaka city on Tuesday as a ceasefire ended a week of fighting with the government, consolidating the Kurds' grip on Syria's northeast as Turkey increased its efforts to check their influence. The Kurdish YPG militia, a critical part of the US-backed campaign against Islamic State, already controls swathes of northern Syria where Kurdish groups have established de facto autonomy since the start of the Syria war ...

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Dr Amir Liaquat quits MQM KARACHI: Senior Muttahida Quami Movement (MQM) leader Dr Amir Liaquat has resigned from party membership after the anti-Pakistan statement made by MQM chief Altaf Hussain. Speaking during the ARY News show “Off The Record”, Amir Liaquat suddenly announced his resignation and said he parted away not only from MQM but also from politics. “I am confused what is going on from evening”, he added. He further said “I apologise again and again to Pakistan and ...

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MQM distances itself from Altaf Hussain KARACHI: Deputy Convener Muttahida Qaumi Movement (MQM) Dr Farooq Sattar on Tuesday, announced that the party has distanced itself from its Chief Altaf Hussain’s inflammatory speech that incited violence on media houses in the city on Monday.Sattar, flanked by other MQM leaders Khwaja Izhar-ul-Hasan and Begum Nasreen Jalil, said this while addressing a key press conference at the Karachi Press Club. He said that he wanted to give his party’s stance last night, but was ...

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Country moving on path of peace, prosperity: PM ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Tuesday said the country was moving forward on the path of peace and prosperity as terrorism was breathing its last."Peace is vital for economic progress and development," he said while addressing a gathering here at the PM Office, where he handed over sales tax refund cheques to top tax payers.The Prime Minister said an economic turnaround was visible in the country, which was heading towards peace and economic stability.He ...