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Last update: Fri, 30 Sep 2016 11am

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Schaeuble stirs interest rates debate ahead of Draghi visit BERLIN: German Finance Minister Wolfgang Schaeuble called on Tuesday for urgent structural reforms to spur growth to end the era of low interest rates, a day before lawmakers will grill ECB President Mario Draghi about his loose monetary policy.His comments reflect a return of tensions between Europe's largest economy and the euro zone's central bank, which has cut rates aggressively in recent years and pumped over a trillion euros into the economy through asset purchases. But with growth in the 19-member bloc still being mediocre and inflation barely above zero, well short of its target of nearly 2 percent, the ECB has little to show for its efforts and critics argue its monetary policy has reached its limits. In a guest article published in Germany's staunchly conservative Frankfurter Allgemeine Zeitung newspaper, Schaeuble said interest rates were too low and a cause of serious and legitimate concern. "We'll only be able ...

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Stocks bounce up after US debate; oil falls NEW YORK: Stock prices across major markets rose on Tuesday, led by gains in the US technology and consumer sectors following the presidential debate between Hillary Clinton and Donald Trump, while oil prices fell on fading hopes of agreement on limiting production. Anxiety about the fortune of Deutsche Bank curtailed Wall Street's advance and kept European equity markets little changed. A firmer dollar in the aftermath of the first Clinton-Trump debate helped send gold prices ...

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India should hold int'l probe into Uri incident: Sartaj ISLAMABAD: Advisor to the Prime Minister on Foreign Affairs Sartaj Aziz Tuesday said that an international probe should be conducted into the Uri incident.He said if India had evidences, it should be shared with Pakistan instead hurling baseless allegations.Responding to queries in a private tv talk show programme, Sartaj categorically rejected Indian External Minister Sushma Swaraj's statement over the Occupied Kashmir.He said her statement was a travesty of facts. Even the voices inside India were ...

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Pakistan, Azerbaijan agree to expand ties in defence production ISLAMABAD: Pakistan and Azerbaijan Tuesday agreed to expand their bilateral ties in diverse fields especially in defence production.The understanding of increased collaboration reached between the two countries during a meeting held between Minister for Defence Production Rana Tanveer Hussain and President of Azerbaijan Ilham Aliyev in Baku, said a press release issued here.The minister who is on an official visit to Baku to attend the ADEX-2016, a defence exhibition, along with Chairman Pakistan Ordnance Factory ...

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Nation proud of PAF achievements in operation Zarb-e-Azb: CJCSC ISLAMABAD: Chairman Joint Chiefs of Staff Committee (CJCSC) General Rashad Mahmood Tuesday said the nation was proud of successes of the Pakistan Air Force (PAF) achieved in the operation Zarb-e-Azb.He was talking to airmen during his visit to the PAF operational base to witness its ongoing exercise High Mark- 2016, said a press release."The entire nation is proud of PAF achievements and successes achieved during the operation Zarb-e-Azb," he said.He appreciated the key role played ...