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Archive - 2016-11-06
Kane, Wilshere back for England
Sports

Kane, Wilshere back for England

LONDON: Jack Wilshere and Harry Kane have been recalled by England interim manager Gareth Southgate for the forthcoming
Published 06 Nov, 2016 09:16pm
English Premier League table
Sports

English Premier League table

LONDON: English Premier League table after Sunday's early match (played, won, drawn, lost, goals for, goals against,
Published 06 Nov, 2016 03:42pm
Brexit a godsend for satirists
Europe

Brexit a godsend for satirists

LONDON: Divisive, chaotic and with implications for almost every aspect of national life, Brexit has been a godsend for
Published 06 Nov, 2016 01:44pm
Controversial story: probe committee to be formed by tomorrow: Nisar

Controversial story: probe committee to be formed by tomorrow: Nisar

Interior Minister Chaudhry Nisar Ali Khan on Saturday said that the committee for holding probe into controversial story will be formed by Monday as names of its members have been presented to prime minister. Talking to a select group of journalists here,
Published 06 Nov, 2016 12:00am
No conflict in tax returns of Nawaz, Maryam: A F Ferguson & Company

No conflict in tax returns of Nawaz, Maryam: A F Ferguson & Company

A. F. Ferguson & Co, a chartered accountants firm, has said the income tax returns of Prime Minister Nawaz Sharif and Maryam Nawaz are not at variance, adding tax returns are according to law. It said that in 2011, the name of Maryam Nawaz was correctly l
Published 06 Nov, 2016 12:00am
No conflict in tax returns of Nawaz, Maryam: A F Ferguson & Company

No conflict in tax returns of Nawaz, Maryam: A F Ferguson & Company

A. F. Ferguson & Co, a chartered accountants firm, has said the income tax returns of Prime Minister Nawaz Sharif and Maryam Nawaz are not at variance, adding tax returns are according to law. It said that in 2011, the name of Maryam Nawaz was correctly l
Published 06 Nov, 2016 12:00am
No conflict in tax returns of Nawaz, Maryam: A F Ferguson & Company

No conflict in tax returns of Nawaz, Maryam: A F Ferguson & Company

A. F. Ferguson & Co, a chartered accountants firm, has said the income tax returns of Prime Minister Nawaz Sharif and Maryam Nawaz are not at variance, adding tax returns are according to law. It said that in 2011, the name of Maryam Nawaz was correctly l
Published 06 Nov, 2016 12:00am
Misuse of authority: NAB sets November 15 deadline to finalise cases

Misuse of authority: NAB sets November 15 deadline to finalise cases

National Accountability Bureau (NAB) has reportedly set November 15, 2016 deadline to finalise cases of misuse of authority against Prime Minister Nawaz Sharif, Chief Minister Punjab Mian Shahbaz Sharif, former Prime Minister Raja Parvez Ashraf, former Pr
Published 06 Nov, 2016 12:00am
Misuse of authority: NAB sets November 15 deadline to finalise cases

Misuse of authority: NAB sets November 15 deadline to finalise cases

National Accountability Bureau (NAB) has reportedly set November 15, 2016 deadline to finalise cases of misuse of authority against Prime Minister Nawaz Sharif, Chief Minister Punjab Mian Shahbaz Sharif, former Prime Minister Raja Parvez Ashraf, former Pr
Published 06 Nov, 2016 12:00am
British Prime Minister heads to India with eye on post-Brexit ties

British Prime Minister heads to India with eye on post-Brexit ties

British Prime Minister Theresa May will lead a major business delegation to India this week, using her first trip outside Europe since the Brexit vote to push for more trade with the world's fastest-growing major economy. While her government cannot yet f
Published 06 Nov, 2016 12:00am
British Prime Minister heads to India with eye on post-Brexit ties

British Prime Minister heads to India with eye on post-Brexit ties

British Prime Minister Theresa May will lead a major business delegation to India this week, using her first trip outside Europe since the Brexit vote to push for more trade with the world's fastest-growing major economy. While her government cannot yet f
Published 06 Nov, 2016 12:00am
Clinton, Trump blitz Florida with three days to go

Clinton, Trump blitz Florida with three days to go

Hillary Clinton and Donald Trump embarked Saturday on a campaign blitz in the battleground state of Florida, a must-win if the Republican is to stop her becoming the first woman to win the White House. There are just three days to go in America's ugliest,
Published 06 Nov, 2016 12:00am
Clinton, Trump blitz Florida with three days to go

Clinton, Trump blitz Florida with three days to go

Hillary Clinton and Donald Trump embarked Saturday on a campaign blitz in the battleground state of Florida, a must-win if the Republican is to stop her becoming the first woman to win the White House. There are just three days to go in America's ugliest,
Published 06 Nov, 2016 12:00am
US authorities warn of al Qaeda threat to election

US authorities warn of al Qaeda threat to election

Federal officials have warned authorities in New York City, Texas and Virginia about an unspecific threat of attacks by al Qaeda militants around Election Day, putting local law enforcement on alert days before the vote, officials said on Friday. A US gov
Published 06 Nov, 2016 12:00am
US authorities warn of al Qaeda threat to election

US authorities warn of al Qaeda threat to election

Federal officials have warned authorities in New York City, Texas and Virginia about an unspecific threat of attacks by al Qaeda militants around Election Day, putting local law enforcement on alert days before the vote, officials said on Friday. A US gov
Published 06 Nov, 2016 12:00am
Juncker wants tighter ethics rules after Barroso controversy

Juncker wants tighter ethics rules after Barroso controversy

European Commission chief Jean-Claude Juncker said he wants to change the ethics code following outrage over his predecessor's decision to take a controversial job at US investment bank Goldman Sachs. Jose Manuel Barroso joined the bank after waiting the
Published 06 Nov, 2016 12:00am
Juncker wants tighter ethics rules after Barroso controversy

Juncker wants tighter ethics rules after Barroso controversy

European Commission chief Jean-Claude Juncker said he wants to change the ethics code following outrage over his predecessor's decision to take a controversial job at US investment bank Goldman Sachs. Jose Manuel Barroso joined the bank after waiting the
Published 06 Nov, 2016 12:00am
Juncker wants tighter ethics rules after Barroso controversy

Juncker wants tighter ethics rules after Barroso controversy

European Commission chief Jean-Claude Juncker said he wants to change the ethics code following outrage over his predecessor''s decision to take a controversial job at US investment bank Goldman Sachs. Jose Manuel Barroso joined the bank after waiting the
Published 06 Nov, 2016 12:00am
PPP government turned Sindh into ruins: Saad

PPP government turned Sindh into ruins: Saad

Federal Minister for Railways Khwaja Saad Rafiq while coming down hard on the PPP leadership said that those making long speeches and criticising others have themselves turned Sindh province into ruins. Addressing a ceremony to lay foundation stone of con
Published 06 Nov, 2016 12:00am
Daniyal says government not to allow any party to disrupt peace

Daniyal says government not to allow any party to disrupt peace

Pakistan Muslim League Nawaz (PML-N) Member National Assembly Daniyal Aziz has said the government would not allow any political party including Pakistan Tehreek e Insaf (PTI) to disrupt peace, lockdown cities and attack on national institutions. PTI chie
Published 06 Nov, 2016 12:00am
KP government will not deport 'Afghan Girl' Sharbat Gula

KP government will not deport 'Afghan Girl' Sharbat Gula

A provincial minister of Khyber Pakhtunkhwa on Saturday said that Nat Geo famed 'Afghan Girl' Sharbat Gula will not be deported from Pakistan. Shaukat Yusufzai, while speaking to a private television channel confirmed the news, and said that Gula will be
Published 06 Nov, 2016 12:00am
Target killings: Murad issues explanation to DIGs

Target killings: Murad issues explanation to DIGs

Sindh Chief Minister Syed Murad Ali Shah taking serious view of the last two days incidents in District Central and East of the city has issued explanations to the concerned DIGs for their failure to stop target killing. "This shows that there is some let
Published 06 Nov, 2016 12:00am
Balochistan government refutes rumours about PCS exams

Balochistan government refutes rumours about PCS exams

The Balochistan government has rejected news regarding competitive examinations of Public Service Commission, said a press release issued by the provincial government, here on Saturday. "There is not truth in rumours that competitive examinations of PCS h
Published 06 Nov, 2016 12:00am
Karachi killings: former PPP Senator Raza Abidi arrested

Karachi killings: former PPP Senator Raza Abidi arrested

Much on the cards of law enforcement agencies after having a credible information, Rangers' on Friday night arrested former PPP Senator Faisal Raza Abidi over his alleged involvement in killing two members of Tablighi Jamaat in Patel Paara the other day.
Published 06 Nov, 2016 12:00am
Karachi killings: former PPP Senator Raza Abidi arrested

Karachi killings: former PPP Senator Raza Abidi arrested

Much on the cards of law enforcement agencies after having a credible information, Rangers' on Friday night arrested former PPP Senator Faisal Raza Abidi over his alleged involvement in killing two members of Tablighi Jamaat in Patel Paara the other day.
Published 06 Nov, 2016 12:00am
Two companies invested $190 million in Panama, the Bahamas?

Two companies invested $190 million in Panama, the Bahamas?

Securities and Exchange Commission of Pakistan (SECP) traced two Pakistani companies on Saturday that collectively invested at least USD190 million in Panama and the Bahamas through offshore companies. Following the probe, it was revealed that a company h
Published 06 Nov, 2016 12:00am
Two companies invested $190 million in Panama, the Bahamas?

Two companies invested $190 million in Panama, the Bahamas?

Securities and Exchange Commission of Pakistan (SECP) traced two Pakistani companies on Saturday that collectively invested at least USD190 million in Panama and the Bahamas through offshore companies. Following the probe, it was revealed that a company h
Published 06 Nov, 2016 12:00am
Two companies invested $190 million in Panama, the Bahamas?

Two companies invested $190 million in Panama, the Bahamas?

Securities and Exchange Commission of Pakistan (SECP) traced two Pakistani companies on Saturday that collectively invested at least USD190 million in Panama and the Bahamas through offshore companies. Following the probe, it was revealed that a company h
Published 06 Nov, 2016 12:00am
Revamped Greek government vows fresh start

Revamped Greek government vows fresh start

A new Greek government was sworn in on Saturday after a reshuffle aimed at helping push through obligatory but unpopular financial reforms. "We have the chance for a fresh start, to get the necessary boost needed to run the last crucial metres of a marath
Published 06 Nov, 2016 12:00am
Revamped Greek government vows fresh start

Revamped Greek government vows fresh start

A new Greek government was sworn in on Saturday after a reshuffle aimed at helping push through obligatory but unpopular financial reforms. "We have the chance for a fresh start, to get the necessary boost needed to run the last crucial metres of a marath
Published 06 Nov, 2016 12:00am
UK former minister says MoD misled him over Saudi arms deal

UK former minister says MoD misled him over Saudi arms deal

A former British business minister said Saturday he was seriously misled by the Ministry of Defence over a missiles deal with Saudi Arabia, which is spearheading airstrikes in Yemen. Vince Cable told The Guardian newspaper that he was given specific assur
Published 06 Nov, 2016 12:00am
UK former minister says MoD misled him over Saudi arms deal

UK former minister says MoD misled him over Saudi arms deal

A former British business minister said Saturday he was seriously misled by the Ministry of Defence over a missiles deal with Saudi Arabia, which is spearheading airstrikes in Yemen. Vince Cable told The Guardian newspaper that he was given specific assur
Published 06 Nov, 2016 12:00am
UK former minister says MoD misled him over Saudi arms deal

UK former minister says MoD misled him over Saudi arms deal

A former British business minister said Saturday he was seriously misled by the Ministry of Defence over a missiles deal with Saudi Arabia, which is spearheading airstrikes in Yemen. Vince Cable told The Guardian newspaper that he was given specific assur
Published 06 Nov, 2016 12:00am
UK former minister says MoD misled him over Saudi arms deal

UK former minister says MoD misled him over Saudi arms deal

A former British business minister said Saturday he was seriously misled by the Ministry of Defence over a missiles deal with Saudi Arabia, which is spearheading airstrikes in Yemen. Vince Cable told The Guardian newspaper that he was given specific assur
Published 06 Nov, 2016 12:00am
Banners in support of CoAS re-emerge

Banners in support of CoAS re-emerge

Fresh banners in support of Chief of Army Staff General Raheel Sharif surfaced on Saturday, suggesting him to take part in upcoming general elections and become prime minister of the country. A private television channel reported that the banners were put
Published 06 Nov, 2016 12:00am
Banners in support of CoAS re-emerge

Banners in support of CoAS re-emerge

Fresh banners in support of Chief of Army Staff General Raheel Sharif surfaced on Saturday, suggesting him to take part in upcoming general elections and become prime minister of the country. A private television channel reported that the banners were put
Published 06 Nov, 2016 12:00am
Planned November 2 sit-in: There was no plan to arrest Imran or Rashid

Planned November 2 sit-in: There was no plan to arrest Imran or Rashid

The inside story of the government's decisions and steps to counter the November 2 planned sit-in by Pakistan Tehreek-e-Insaf came to surface. According to sources, the government had started to evolve a strategy for countering and foiling the sit-in soon
Published 06 Nov, 2016 12:00am
Planned November 2 sit-in: There was no plan to arrest Imran or Rashid

Planned November 2 sit-in: There was no plan to arrest Imran or Rashid

The inside story of the government's decisions and steps to counter the November 2 planned sit-in by Pakistan Tehreek-e-Insaf came to surface. According to sources, the government had started to evolve a strategy for countering and foiling the sit-in soon
Published 06 Nov, 2016 12:00am
Panama leaks: formation of commission challenged

Panama leaks: formation of commission challenged

Barrister Zafarullah Khan of the Watan Party on Saturday challenged the formation of commission to investigate the Panama Papers Leaks. According to sources, Zafarullah Khan, whose petition was disposed of by the Supreme Court in the Panama case last mont
Published 06 Nov, 2016 12:00am
Panama leaks: formation of commission challenged

Panama leaks: formation of commission challenged

Barrister Zafarullah Khan of the Watan Party on Saturday challenged the formation of commission to investigate the Panama Papers Leaks. According to sources, Zafarullah Khan, whose petition was disposed of by the Supreme Court in the Panama case last mont
Published 06 Nov, 2016 12:00am
Market demolished in Wana

Market demolished in Wana

Security forces blew up a market in Wana to avenge the killing of an army officer in a bomb attack, the authorities said on Saturday. The market housing more than 100 shops was destroyed on Thursday in Wana, the capital of the South Waziristan region, one
Published 06 Nov, 2016 12:00am
Market demolished in Wana

Market demolished in Wana

Security forces blew up a market in Wana to avenge the killing of an army officer in a bomb attack, the authorities said on Saturday. The market housing more than 100 shops was destroyed on Thursday in Wana, the capital of the South Waziristan region, one
Published 06 Nov, 2016 12:00am
Ousted Thai PM sells rice as pressure cooks over farmers' plight

Ousted Thai PM sells rice as pressure cooks over farmers' plight

Ousted Thai PM Yingluck Shinawatra doled out sacks of rice to hundreds of star-struck shoppers on Saturday, in her latest move to outshine junta efforts to support farmers hit by a price plunge. Tumbling rice prices have spread anguish across Thailand's r
Published 06 Nov, 2016 12:00am
Ousted Thai PM sells rice as pressure cooks over farmers' plight

Ousted Thai PM sells rice as pressure cooks over farmers' plight

Ousted Thai PM Yingluck Shinawatra doled out sacks of rice to hundreds of star-struck shoppers on Saturday, in her latest move to outshine junta efforts to support farmers hit by a price plunge. Tumbling rice prices have spread anguish across Thailand's r
Published 06 Nov, 2016 12:00am
Ousted Thai PM sells rice as pressure cooks over farmers'' plight

Ousted Thai PM sells rice as pressure cooks over farmers'' plight

Ousted Thai PM Yingluck Shinawatra doled out sacks of rice to hundreds of star-struck shoppers on Saturday, in her latest move to outshine junta efforts to support farmers hit by a price plunge. Tumbling rice prices have spread anguish across Thailand''s
Published 06 Nov, 2016 12:00am
Iraqi forces in new Mosul push as displacement rises

Iraqi forces in new Mosul push as displacement rises

Iraqi special forces threw themselves back into battle Saturday after a first foray into Mosul was blunted by stiffer than expected resistance from jihadists defending the birthplace of their "caliphate". While the elite Counter-Terrorism Service (CTS) fo
Published 06 Nov, 2016 12:00am
Enabling environment for business

Enabling environment for business

The Pakistan Stock Exchange recorded the single highest gain on Thursday subsequent to the calling off of the Islamabad lockdown by Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan. The call was given in response to the apex court's direction to all par
Published 06 Nov, 2016 12:00am
Retributive justice

Retributive justice

They confessed their crimes, surrendered their loot and returned to the money-making chairs they had occupied. And they are one or two, but 1584 who held positions high and low in the federal and provincial governments. They had succeeded in convincing th
Published 06 Nov, 2016 12:00am
Pakistan and the multinationals

Pakistan and the multinationals

From 1953 to 1970 Pakistan was the darling of multinationals. In 1953, a confidential memo was issued by two most powerful men in the USA - John Foster Dulles, secretary of state and Allen Dulles, chief of the newly formed CIA. In this memo they identifie
Published 06 Nov, 2016 12:00am
Normally conservative Cuban Americans divided over Trump

Normally conservative Cuban Americans divided over Trump

For decades, older Cubans have loved to talk politics as they played dominoes and slapped tiles down on the board. And they were almost uniformly Republican. But in this election between Hillary Clinton and Donald Trump, they are torn. The Republican Trum
Published 06 Nov, 2016 12:00am
Kuwait opposition abandons 'failed' poll boycott

Kuwait opposition abandons 'failed' poll boycott

Kuwaiti opposition groups are aiming for a comeback in parliament after a four-year election boycott, seeking to reverse what they see as the deteriorating political situation in the Gulf state. More than 30 prominent Islamist and liberal opposition figur
Published 06 Nov, 2016 12:00am
Education and rural development

Education and rural development

Rural development implies the economic betterment of people as well as greater social transformation. In the developing countries like ours, the most of the population resides in rural areas. This fact signifies that there is a drastic need of education a
Published 06 Nov, 2016 12:00am
Prices of essential kitchen items witness significant increase

Prices of essential kitchen items witness significant increase

Prices of essential kitchen items especially vegetables, chicken, eggs, sugar and Liquefied Petroleum Gas (LPG) have witnessed a significant increase during this past week as compared to preceding week, reveals a survey conducted by Business Recorder <
Published 06 Nov, 2016 12:00am
Pharma employees demand payment of severance

Pharma employees demand payment of severance

The employees of German Pharmaceutical Company, Merck staged protest demo against non-payment of severance after selling shareholding in Pakistan. The protesting employees were carrying banners and placards inscribed with slogans in favour of their demand
Published 06 Nov, 2016 12:00am
Dr Asim, others indicted for providing treatment to terrorists

Dr Asim, others indicted for providing treatment to terrorists

An anti-terrorism court (ATC) on Saturday indicted former federal minister Dr Asim Hussain in a case relating to the alleged treatment of terrorists at his hospital. The court also indicted in the same case Pakistan Peoples Party (PPP) legislator and Kara
Published 06 Nov, 2016 12:00am
Mobilink posts 17 percent growth in Q3

Mobilink posts 17 percent growth in Q3

Mobilink posted a strong positive growth of 17 percent on its YoY organic revenue for the quarter ended 30th September 2016 (Q3 2016) driven by growth in all revenue streams. For the same period, the company has reported Rs 38.5 billion post-merger consol
Published 06 Nov, 2016 12:00am
Rangers arrest target killer

Rangers arrest target killer

The Sindh Rangers arrested target killer of a political party and recovered arms and avan bomb from his possession here on Saturday. Spokesman of Sindh Rangers said that the paramilitary troops conducted operation against outlaws in PIB Colony of Karachi.
Published 06 Nov, 2016 12:00am
Presidential Election: Jilani welcomes Pakistani media visiting USA

Presidential Election: Jilani welcomes Pakistani media visiting USA

Pakistan Ambassador to US Jalil Abbas Jilani warmly welcomed the Pakistani media persons currently visiting USA for the coverage of upcoming US Presidential election on November 08 in Washington on Saturday. While appreciating the keen interests shown by
Published 06 Nov, 2016 12:00am
Minister condoles death of Yawar Hayat

Minister condoles death of Yawar Hayat

State Minister for Information and Broadcasting Maryam Aurangzeb visited the residence of renowned TV Producer Yawar Hayat in Lahore on Saturday who passed away yesterday. She condoled with the bereaved family and expressed deep sorrow and grief over this
Published 06 Nov, 2016 12:00am
PGJDC holds Gem Bazaar in Peshawar

PGJDC holds Gem Bazaar in Peshawar

Pakistan Gems and Jewellery Development Company (PGJDC) in collaboration with Gems and Jewellery Training and Manufacturing Centre, Peshawar arranged a two-day Gem Bazaar at Nishtar Hall. President of Sarhad Chamber of Commerce and Industry (SCCI), Haji M
Published 06 Nov, 2016 12:00am
AJK Prime Minister directs completion of uplift projects

AJK Prime Minister directs completion of uplift projects

Azad Jammu and Kashmir Prime Minister Raja Farooq Haider has directed all departments to complete developmental projects in stipulated time. Addressing the first fortnightly developmental review meeting in Muzaffarabad, he emphasised on transparency in de
Published 06 Nov, 2016 12:00am
Heavy deployment of LEAs fails to deter criminals

Heavy deployment of LEAs fails to deter criminals

Despite heavy deployment of security personnel in federal capital last week, robbers, burglars and thieves struck at eight places, stole seven vehicles including bikes and a major of the Pakistan Army was shot dead by unknown gunmen. According to data gat
Published 06 Nov, 2016 12:00am
SECP approves Debt Securities Trustee Regulations for comments

SECP approves Debt Securities Trustee Regulations for comments

The Securities Exchange Commission of Pakistan (SECP) has approved a comprehensive draft regulatory framework under the Securities Act, 2015, for the licensing and regulation of Debt Securities Trustees (DSTs). In the proposed regulations notified for pub
Published 06 Nov, 2016 12:00am
CPSP imparting modern training of high standards

CPSP imparting modern training of high standards

The College of Physicians & Surgeons Pakistan (CPSP) is imparting modern training of high standard to its specialists, former Principal King Edward Medical College Professor Mahmood Ali Malik, said. While speaking at an international conference on medical
Published 06 Nov, 2016 12:00am
Foreign investors emerge net buyers at PSX

Foreign investors emerge net buyers at PSX

The foreign investors emerged net buyers at Pakistan Stock Exchange (PSX) and bought shares worth of $21.05 million during the outgoing week ended November 04, 2016. It was highest foreign investors' portfolio investment at the Pakistan capital market dur
Published 06 Nov, 2016 12:00am
Karachi Mayor gets bail in two more cases

Karachi Mayor gets bail in two more cases

An anti-terrorism court (ATC) on Saturday granted bail to Muttahida Qaumi Movement (MQM) leader and Karachi mayor Waseem Akhtar in cases relating to making arrangements for and listening to Altaf Hussain's incendiary speeches against a surety bond of Rs 1
Published 06 Nov, 2016 12:00am
Telecom imports slide by 11.22 percent

Telecom imports slide by 11.22 percent

Pakistan's overall telecom imports slid by 11.22 percent to $277.694 million in July-September 2016, official figures say. Telecom imports fall stands at $35.096 million in July-September 2016 comparing to its imports of $312.790 million in July-September
Published 06 Nov, 2016 12:00am
9th IDEAS to be held from November 22

9th IDEAS to be held from November 22

The biggest defence exhibition of International stature in Pakistan, 9th IDEAS (International Defence Exhibition & Seminar) will be held at Karachi Expo Centre from 22-25 November, Major General Agha Masood Akram, Director General Defence Export Promotion
Published 06 Nov, 2016 12:00am
9th IDEAS to be held from November 22

9th IDEAS to be held from November 22

The biggest defence exhibition of International stature in Pakistan, 9th IDEAS (International Defence Exhibition & Seminar) will be held at Karachi Expo Centre from 22-25 November, Major General Agha Masood Akram, Director General Defence Export Promotion
Published 06 Nov, 2016 12:00am
Bilawal to marry a girl of his sisters' choice

Bilawal to marry a girl of his sisters' choice

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto Zardari said on Saturday that he had several marriage proposals. Speaking to media here, Bilawal said "There are a lot of offers; however for the woman who marries me, will have to convince both my sist
Published 06 Nov, 2016 12:00am
Three terrorists killed in Macch

Three terrorists killed in Macch

Three terrorists were killed in an exchange of fire with FC and other sensitive agencies officials at Aab-e-Gum area of Macch on Saturday. A spokesman for the FC said that the FC and sensitive agencies took the action on intelligence leaks. He said the te
Published 06 Nov, 2016 12:00am
People have rejected 'politics of disruption': minister

People have rejected 'politics of disruption': minister

Federal Minister for Planning, Development and Reform Ahsan Iqbal on Saturday that if somebody in his mind has a perception of disruption should understand that Pakistani nation has rejected all such kinds of unconstitutional moves to remove the governmen
Published 06 Nov, 2016 12:00am
Another 103 BHUs to run under 24/7 program

Another 103 BHUs to run under 24/7 program

Punjab Chief Minister Muhammad Shahbaz Sharif has approved 618 posts to run another 103 basic health units (BHUs) under 24/7 program for providing maternity and labour room facilities to the women. By adding these 103 BHUs, the total number of 24/7 BHUs w
Published 06 Nov, 2016 12:00am
Turkish delegation visits FCCI

Turkish delegation visits FCCI

A three member Turkish delegation visited FCCI to discuss environmental issues of the textile capital of Pakistan. The delegation was comprised of Ozlem ODA Tekir Senior Business Development Manager, Durn Bos and Miss Ezlam Azlas of "iO" environmental sol
Published 06 Nov, 2016 12:00am
Over 96 women murdered in Lahore in 9 months: report

Over 96 women murdered in Lahore in 9 months: report

More than 96 women have been murdered over different domestic issues in nine months in Lahore so far. Report stated most of the killings were occurred in August in which lives of at least 11 women were taken. In an incident, Factory Area resident Zeenat w
Published 06 Nov, 2016 12:00am
30,000 masks distributed among citizens to avoid smog

30,000 masks distributed among citizens to avoid smog

Traffic police of the city has distributed over 30,000 masks among citizens to protect themselves from smog. Distribution of masks continued on Saturday as well when the City Traffic Officer Tayyab Hafeez Cheema appeared at the Liberty square and distribu
Published 06 Nov, 2016 12:00am
Abid unleashes verbal onslaught against opponents

Abid unleashes verbal onslaught against opponents

State Minister for Water and Power Abid Sher Ali on Saturday unleashed verbal onslaught against political rivals. Talking to media in Faisalabad, Abid Sher Ali advised Bilawal Bhutto Zardari to initiate probe against corruption from his home. He also appr
Published 06 Nov, 2016 12:00am
Urs of Baha-ud-Din Zakariya Multan to remain closed on November 8

Urs of Baha-ud-Din Zakariya Multan to remain closed on November 8

The Chief Justice of Lahore High Court has declared November 8 as local holiday in Multan on account of "Urs of Hazrat Ghaus Baha-ud-Din Zakariya". The LHC, Multan bench and all sessions as well as civil courts of Multan will remain close.
Published 06 Nov, 2016 12:00am
PFA to become operational in four more major cities

PFA to become operational in four more major cities

The Punjab Food Authority (PFA) will soon become operational in four other major cities of the province including Gujranwala, Rawalpindi, Faisalabad and Multan after its success against those selling adulterated/substandard food in Lahore. This was disclo
Published 06 Nov, 2016 12:00am
Pollution and smog: government to launch awareness drive across Punjab

Pollution and smog: government to launch awareness drive across Punjab

The Government of Punjab has decided to immediately launch a vigorous awareness drive across the province against environmental pollution and Smog. Director General Health Punjab Dr Mukhtar Hussain Syed has directed the EDOs (Health) to immediately launch
Published 06 Nov, 2016 12:00am
UAF holds seminar on water resources

UAF holds seminar on water resources

Agricul-tural and water experts have expressed concern over non-establishment of new big dam for the last 40 years in the country and mentioned that more than 30 MAF of water was wasted annually by sending into the sea, which causing the loss worth billio
Published 06 Nov, 2016 12:00am
UAF sets up largest hostel for girls

UAF sets up largest hostel for girls

The University of Agriculture Faisalabad (UAF) has set up country largest and a state-of-the-art hostel for 1000 girls that will be functional by next week. This was stated by UAF Vice Chancellor Professor Dr Iqrar Ahmad Khan while addressing at a press b
Published 06 Nov, 2016 12:00am
China CG to help PCDMA members get visas

China CG to help PCDMA members get visas

Consul General of China, Wang U has assured that the consulate would provide all possible assistance to grant visa to the members of the Pakistan Chemicals and Dyer Merchant Association (PCDMA) on recommendation of association. Talking to a delegation of
Published 06 Nov, 2016 12:00am
Lagarde lauds Pakistan's economic reform programme

Lagarde lauds Pakistan's economic reform programme

"Pakistan has achieved a great deal over the past three years in the context of its IMF supported programme by restoring macroeconomic stability, strengthening the economy's resilience and setting the stage for a deeper structural transformation to achiev
Published 06 Nov, 2016 12:00am
Lagarde lauds Pakistan's economic reform programme

Lagarde lauds Pakistan's economic reform programme

"Pakistan has achieved a great deal over the past three years in the context of its IMF supported programme by restoring macroeconomic stability, strengthening the economy's resilience and setting the stage for a deeper structural transformation to achiev
Published 06 Nov, 2016 12:00am
PTI to file cases against Sharif brothers, Nisar, IG Punjab

PTI to file cases against Sharif brothers, Nisar, IG Punjab

Pakistan Tehreek-e-Insaf (PTI) on Saturday decided to file cases against Prime Minister Nawaz Sharif, Chief Minister Punjab, Federal Interior Minister and Inspector General Punjab for taking violent action against Chief Minister Khyber Pakhtunkhwa Pervez
Published 06 Nov, 2016 12:00am
Parliamentary delegation led by Speaker to visit Bahrain on November 7

Parliamentary delegation led by Speaker to visit Bahrain on November 7

National Assembly Speaker Sardar Ayaz Sadiq will lead a parliamentary delegation to the Kingdom of Bahrain on November 7 to further consolidate, upgrade and expand close fraternal ties between the governments and the people of the two countries. He will b
Published 06 Nov, 2016 12:00am
Rafique asks Bilawal not to become 'another' Imran

Rafique asks Bilawal not to become 'another' Imran

Federal Railways Minister Khawaja Saad Rafique on Saturday said that PPP Chairman Bilawal Bhutto Zardari should not try to become like PTI Chairman Imran Khan. Rafique, speaking to media at Karachi Press Club, said that Pakistan Peoples' Party (PPP) chief
Published 06 Nov, 2016 12:00am
77 police personnel dismissed

77 police personnel dismissed

The SP Crime Investigation Agency (CIA) Raja Basharat Mehmood Saturday dismissed 77 police personnel from their services on the charges of violating rules and regulations by not submitting the progress reports of different cases. According to details issu
Published 06 Nov, 2016 12:00am
Four additional judges of LHC take oath

Four additional judges of LHC take oath

The Lahore High Court Justice Syed Mansoor Ali administered oath to four additional judges on their confirmation. They include Justice Khalid Mehmood Malik, Justice Chaudhry Mushtaq Ahmad, Justice Masood Abid Naqvi and Justice Chaudhry Muhammad Iqbal. The
Published 06 Nov, 2016 12:00am
PPP optimistic about country-wide success in elections

PPP optimistic about country-wide success in elections

Advisor to CM Sindh on Information Moula Bux Chandio on Saturday said that, "Pakistan Peoples Party to get vital success in general election across the country, PPP is the party of martyrdom and its leadership and workers has given sacrifices for restorat
Published 06 Nov, 2016 12:00am
Crackdown launched against factories violating environment rules

Crackdown launched against factories violating environment rules

The Punjab Environment Department on Saturday launched a crackdown against the factories violating the environment rules in the provincial metropolis thus contributing to the deteriorating situation of air pollution. According to the Punjab Environment De
Published 06 Nov, 2016 12:00am
SKMCH to hold International cancer symposium on November 11

SKMCH to hold International cancer symposium on November 11

Shaukat Khanum Memorial Cancer Hospital and Research Centre is organizing its 15th International Cancer Symposium from November 11-13 at Pearl Continental Hotel, Lahore. A large number of people from Pakistan and abroad will participate in this symposium
Published 06 Nov, 2016 12:00am
Frost cuts Western Australia wheat, grain production by 15 percent

Frost cuts Western Australia wheat, grain production by 15 percent

Frost damage across Australia's largest wheat-producing state has destroyed more than 15 percent of the total grain crop, Cooperative Bulk Handling Ltd (CBH) said on Tuesday. CBH, the country's largest grain exporter, said total grain output from Western
Published 06 Nov, 2016 12:00am
Honduras eyes record coffee exports of 7.2 million bags

Honduras eyes record coffee exports of 7.2 million bags

Honduras expects to export a record 7.2 million 60-kilogram bags of coffee during the current 2016-17 harvest, as trees planted in the wake of a fungal outbreak three years ago boost production, the national coffee institute IHCAFE said on Tuesday. Hondur
Published 06 Nov, 2016 12:00am
Is demand for US soyabeans as healthy as it seems?

Is demand for US soyabeans as healthy as it seems?

United States soyabean exports appear to have been moving along at a record-fast clip, but the dramatic numbers may be hiding potential speed bumps lurking ahead. As the largest soyabean crop in US history continues to roll off the combines, support for C
Published 06 Nov, 2016 12:00am
Solar could have role in new Australia copper mine

Solar could have role in new Australia copper mine

Australia's Oz Minerals Ltd could turn to solar power to help run a giant copper mine it is building after a major blackout disrupted industry across South Australia state last month and raised concerns over energy security. Mining companies have largely
Published 06 Nov, 2016 12:00am
USDA raises sugar supply projections for 2016-17

USDA raises sugar supply projections for 2016-17

The US Department of Agriculture on Wednesday upped its forecast for domestic sugar supplies in the 2016/17 crop year amid record beet production and slightly higher imports. The agency pegged the closely watched US sugar stocks/use ratio at 14.4, up from
Published 06 Nov, 2016 12:00am
Platinum to lag gold in 2017 despite improving fortunes

Platinum to lag gold in 2017 despite improving fortunes

Platinum prices are set to rise next year to their highest since 2014 on an average basis, a Reuters poll showed on Friday, but the rise is expected to be muted with the metal maintaining its historically unusual discount to gold. The poll of 31 analysts
Published 06 Nov, 2016 12:00am
Mexico to divvy up natgas pipelines, keep solar incentive

Mexico to divvy up natgas pipelines, keep solar incentive

Mexico's state-owned energy companies will keep about 40 percent of natural gas pipeline capacity under an open season scheme, while reserving 615 million cubic feet for new private-sector projects, a senior official said on Wednesday. Guillermo Garcia, h
Published 06 Nov, 2016 12:00am
Production slowing fast at Myanmar mine that rattled tin market

Production slowing fast at Myanmar mine that rattled tin market

Output from a mysterious Myanmar tin mine that has disrupted the global market in the metal is falling sharply and deposits could be depleted in "two to three years", senior mine officials told Reuters. A surprise discovery of large quantities of tin has
Published 06 Nov, 2016 12:00am
US forces say airstrikes 'very likely' caused Afghan casualties

US forces say airstrikes 'very likely' caused Afghan casualties

US forces conceded Saturday that its air strikes "very likely" resulted in civilian casualties in Afghanistan's volatile Kunduz province, pledging a full investigation into the incident which triggered angry protests. The strikes early Thursday killed at
Published 06 Nov, 2016 12:00am
Nigeria rescues Chibok schoolgirl near Cameroon border

Nigeria rescues Chibok schoolgirl near Cameroon border

Nigerian troops on Saturday rescued another of the missing Chibok schoolgirls seized by Boko Haram Islamists, in an operation near the border with Cameroon, a spokesman said. The girl, found along with her baby son, was one of the more than 200 schoolgirl
Published 06 Nov, 2016 12:00am
Bulgarians hail 'new evidence' clearing them in Libya HIV scandal

Bulgarians hail 'new evidence' clearing them in Libya HIV scandal

Five Bulgarian nurses jailed for eight years in Libya over an HIV epidemic at a children's hospital welcomed on Saturday media reports accusing Qadhafi-era spies of deliberately infecting the infants. The five nurses, who along with a Palestinian doctor,
Published 06 Nov, 2016 12:00am
Italy says kidnapped nationals, Canadian freed in Libya

Italy says kidnapped nationals, Canadian freed in Libya

Two Italians and a Canadian who were kidnapped in the south of conflict-torn Libya in September have been released and flown to Italy, the Italian government announced Saturday. The Italians, Danilo Calonego, 66, and Bruno Cacace, 56, and Canadian Frank P
Published 06 Nov, 2016 12:00am
Albanian Communist era martyrs beatified

Albanian Communist era martyrs beatified

Thousands of people gathered on Saturday to celebrate the beatification of 38 Catholics executed or tortured to death in Albania under the regime of communist dictator Enver Hoxha. Vatican officials and clergy from several European countries joined 20,000
Published 06 Nov, 2016 12:00am
Amid South China Sea tension, defence exporters flock to Indonesia

Amid South China Sea tension, defence exporters flock to Indonesia

From rescue helicopters to air surveillance equipment, defence manufacturers jostled in Jakarta this week to claim one of the region's biggest prizes: a slice of Indonesia's shopping list as the country updates its ageing air and sea security capability.
Published 06 Nov, 2016 12:00am
Territory row looms over Cyprus showdown talks

Territory row looms over Cyprus showdown talks

Rival Cypriot leaders will broach a multi-billion-euro territory dispute next week in Switzerland as part of UN-backed peace talks aimed at solving one of the world's longest-running political crises. Negotiations are due to discuss the previously intract
Published 06 Nov, 2016 12:00am
Gambia's first female presidential candidate bows out

Gambia's first female presidential candidate bows out

The Gambia's first ever female presidential candidate has withdrawn from the race and will endorse the single opposition candidate challenging President Yahya Jammeh, she said Saturday. In a statement sent to AFP, Isatou Touray said she was dropping out o
Published 06 Nov, 2016 12:00am
Indonesia leader postpones Australia trip after protests

Indonesia leader postpones Australia trip after protests

Indonesian President Joko Widodo has postponed a trip to Australia due to start Sunday after violence broke out at a mass rally against a Christian governor accused of insulting Islam, the government said. Around 50,000 people marched in Jakarta on Friday
Published 06 Nov, 2016 12:00am
Philippine mayor accused over drugs killed in jail

Philippine mayor accused over drugs killed in jail

A Philippine mayor President Rodrigo Duterte named as being involved in the illegal drug trade was shot dead in jail Saturday, police said, the second local official implicated in narcotics to be killed in two weeks. Duterte, 71, won May elections in a la
Published 06 Nov, 2016 12:00am
Turkish court jails nine staff of opposition daily

Turkish court jails nine staff of opposition daily

An Istanbul court on Saturday remanded in custody nine staff from the opposition Cumhuriyet newspaper, in an intensifying crackdown a day after the leaders of the country's main pro-Kurdish party were also jailed. The arrests added to growing internationa
Published 06 Nov, 2016 12:00am
Delhi state smog draws 'gas chamber' comparison

Delhi state smog draws 'gas chamber' comparison

Delhi state was compared to a "gas chamber" Saturday by its chief minister, as 1,800 schools were shut following one of the city's worst-ever pollution spells. Thick smog has blanketed the capital for days, with local and central authorities meeting to re
Published 06 Nov, 2016 12:00am
Hundreds protest against UN peace plan in Sanaa

Hundreds protest against UN peace plan in Sanaa

Hundreds of supporters of Yemen's rebels protested in the capital Sanaa on Saturday against a UN peace roadmap aimed at ending a devastating war between the Shiite insurgents and loyalists. UN envoy Ismail Ould Cheikh Ahmed last month put forward the peac
Published 06 Nov, 2016 12:00am
Ten bodies found in dinghy off Libyan coast

Ten bodies found in dinghy off Libyan coast

Ten bodies were recovered on Saturday from a rubber dinghy off the Libyan coast, the Italian coastguard said, adding that 2,100 other migrants had been rescued during the day. Fifteen rescue operations were conducted Saturday - almost twice as many as on
Published 06 Nov, 2016 12:00am
Kurds march against Erdogan in Germany, France

Kurds march against Erdogan in Germany, France

Several thousand Kurds marched in the western Germany city of Cologne on Saturday in support of pro-Kurdish politicians jailed in Turkey the previous day. The demonstrators - numbering 6,500 according to Cologne police and up to 15,000 according to the pr
Published 06 Nov, 2016 12:00am
Anti-government protesters clash with police in Florence

Anti-government protesters clash with police in Florence

Hundreds of hooded anti-government protesters clashed with police in Florence on Saturday just weeks before a referendum on a constitutional reform on which Prime Minister Matteo Renzi has staked his political future. There have been protests against the
Published 06 Nov, 2016 12:00am
Huge protest urges scandal-hit South Korea president to quit

Huge protest urges scandal-hit South Korea president to quit

Tens of thousands of banner-waving protestors marched through the streets of Seoul on Saturday, demanding President Park Geun-Hye resign, a day after she apologised and accepted full blame for a crippling corruption scandal. In one of the largest demonstr
Published 06 Nov, 2016 12:00am
Failure in Venezuela talks could lead to 'bloodshed': Vatican envoy

Failure in Venezuela talks could lead to 'bloodshed': Vatican envoy

If upcoming Vatican-backed talks between Venezuela's bitterly antagonistic government and opposition fail, the result could well be "bloodshed," a papal envoy warned Saturday. "If one delegation or the other ends the dialogue, it's not the pope but the Ve
Published 06 Nov, 2016 12:00am
UN envoy urges focus on 'real' Gaza issues

UN envoy urges focus on 'real' Gaza issues

UN Middle East envoy Nickolay Mladenov said Saturday that residents of the Gaza strip need jobs and hope more than a harbour and airport, a reference to recent comments by Israel's defence minister. In an October interview with Palestinian newspaper Al-Qu
Published 06 Nov, 2016 12:00am
Basque separatist group leader nabbed in France

Basque separatist group leader nabbed in France

The most senior leader of the Basque separatist group ETA still at large was arrested Saturday in southwest France, Spanish authorities said. Mikel Irastorza was found in a home in the French town of Ascain, in the Pyrenees region bordering Spain, the int
Published 06 Nov, 2016 12:00am
French soldier killed in Mali blast claimed by Islamists

French soldier killed in Mali blast claimed by Islamists

A French soldier deployed in a counter-terrorism force in Mali died overnight from injuries sustained in a mine blast, the defence ministry said Saturday. The jihadist group Ansar Dine, which has ties to al Qaeda, claimed the attack on social media, sayin
Published 06 Nov, 2016 12:00am
Murray crowned number one after Raonic injury

Murray crowned number one after Raonic injury

Britain's Andy Murray became the new world number one on Saturday after Milos Raonic withdrew from their Paris Masters semi-final because of injury. The walkover will see Murray, 29, move to the top of the rankings for the first time in his career after r
Published 06 Nov, 2016 12:00am
Nadal ready to die to win another Grand Slam

Nadal ready to die to win another Grand Slam

Former world number one Rafael Nadal told The Times on Saturday he is so determined to add to his 14 Grand Slam titles he is prepared to die to do so. The 30-year-old won two titles this year but he was plagued by physical problems which robbed him of the
Published 06 Nov, 2016 12:00am
Karachi take All-Pakistan Women Cricket title

Karachi take All-Pakistan Women Cricket title

Opening pair Khurana and Sana Sajjad guided Karachi to clinch the second All-Pakistan Mrs Saad Invitational Women Cricket Tournament which concluded here at Arbab Niaz Cricket Stadium on Saturday. The two openers Khurana and Sana added a vital 86 runs par
Published 06 Nov, 2016 12:00am
DRS umpiring makes Zimbabwe debut

DRS umpiring makes Zimbabwe debut

Cricket's umpiring Decision Review System will be used in Zimbabwe for the first time on Sunday when the hosts take on Sri Lanka in the second Test at Harare Sports Club. The DRS has widely been seen as a solution to cutting out umpiring errors in the gam
Published 06 Nov, 2016 12:00am
Maple Leaf ITF Tennis concludes

Maple Leaf ITF Tennis concludes

The third Maple Leaf ITF seniors world ranking tournament was concluded here at PLTA Tennis Court Baghe-Jinnah on Saturday. Rashid Malik won 45 single final beating KPK Israr Gul 6-4, 6-4. In 35 plus age group, defending champion Muhammad Arif was beaten
Published 06 Nov, 2016 12:00am
De Roon denies Man City, first win for Sunderland

De Roon denies Man City, first win for Sunderland

Marten de Roon's stoppage-time header earned Middlesbrough a 1-1 draw at Manchester City on Saturday to leave Pep Guardiola's side in a vulnerable position at the Premier League summit. Sergio Aguero's 150th City goal looked to have sent his team three po
Published 06 Nov, 2016 12:00am
Duminy and Elgar dominate Australia

Duminy and Elgar dominate Australia

Centuries to Dean Elgar and JP Duminy guided South Africa into a commanding position on the third day of the opening Test against Australia in Perth Saturday. At stumps on the third day the visitors were 390 for six in their second innings, an overall lea
Published 06 Nov, 2016 12:00am
England's Cook hails Anderson return for India Tests

England's Cook hails Anderson return for India Tests

Captain Alastair Cook on Saturday hailed top bowler Jimmy Anderson's surprise return from injury as he insisted England would revel in their status as underdogs during their tour of India. Cook said that Anderson, England's all-time leading Test wicket-ta
Published 06 Nov, 2016 12:00am
Indonesia beefs up requirements for large outgoing forex transfers

Indonesia beefs up requirements for large outgoing forex transfers

Indonesia's central bank told banks on Monday to attach an underlying document for any large outgoing transfer of foreign currencies starting in November. Indonesian banks routinely report their foreign exchange traffic to Bank Indonesia (BI). The new reg
Published 06 Nov, 2016 12:00am
Canadian dollar down in volatile trade as oil, election weigh
Currency

Canadian dollar down in volatile trade as oil, election weigh

The Canadian dollar slipped against its US counterpart on Friday, after hitting an eight-month low in volatile trade as investors worried about next week's US election, lower oil prices and potential interest rate divergence. Strong US hiring in October c
Published 06 Nov, 2016 12:00am
Dollar falls against Swiss franc little changed against yen
Currency

Dollar falls against Swiss franc little changed against yen

The US dollar hit a more than one-month low against the safe-haven Swiss franc on Friday in the New York trade on nervousness ahead of next week's US presidential election, despite a solid US jobs report that supported expectations for a Federal Reserve r
Published 06 Nov, 2016 12:00am
Brexit may undermine sterling's place in world FX reserves
Currency

Brexit may undermine sterling's place in world FX reserves

While changes in hard cash reserves at global central banks tend to be glacial, the hit to sterling from a potential 'hard' UK exit from Europe's single market after more than 40 years could eventually undermine the pound's position in their coffers. With
Published 06 Nov, 2016 12:00am
Czech crown seen gaining past central bank cap over 12 months
Currency

Czech crown seen gaining past central bank cap over 12 months

A small majority of analysts in a monthly Reuters poll predicted the Czech central bank would drop its limit on the value of the Czech crown in the next 12 months, allowing the currency to gain almost one percent against the euro. However, the analysts po
Published 06 Nov, 2016 12:00am
US dollar net longs hit more than nine-month high

US dollar net longs hit more than nine-month high

Speculators increased positive bets on the US dollar for a sixth straight week, with net longs touching their highest in more than nine months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. Th
Published 06 Nov, 2016 12:00am
S&P 500 losing streak extends to ninth straight day

S&P 500 losing streak extends to ninth straight day

The 500 ended lower on Friday for a ninth straight day, the longest losing streak for the benchmark index in more than 35 years, as investors stayed on edge ahead of an uncertain US election. The tech-heavy Nasdaq also ended lower for a ninth-consecutive
Published 06 Nov, 2016 12:00am
Treasuries outlook: prices gain as oil price drop risks lower inflation

Treasuries outlook: prices gain as oil price drop risks lower inflation

US Treasury prices gained on Friday as oil prices dropped, raising concerns about low inflation, and as uncertainty about next week's US presidential election enhanced the appeal of lower risk assets. Oil futures on Friday were on course for their biggest
Published 06 Nov, 2016 12:00am
Treasuries outlook: prices gain as oil price drop risks lower inflation

Treasuries outlook: prices gain as oil price drop risks lower inflation

US Treasury prices gained on Friday as oil prices dropped, raising concerns about low inflation, and as uncertainty about next week's US presidential election enhanced the appeal of lower risk assets. Oil futures on Friday were on course for their biggest
Published 06 Nov, 2016 12:00am
Alibaba label fails to stick on courier IPO debut

Alibaba label fails to stick on courier IPO debut

Couriers deliver parcels for e-commerce players but that is where the connection ends. Shares of ZTO Express fell 15 percent on their first trading day in New York. Aggressive pricing was mostly to blame. The Chinese logistics firm was labelled as somethi
Published 06 Nov, 2016 12:00am
Alibaba label fails to stick on courier IPO debut

Alibaba label fails to stick on courier IPO debut

Couriers deliver parcels for e-commerce players but that is where the connection ends. Shares of ZTO Express fell 15 percent on their first trading day in New York. Aggressive pricing was mostly to blame. The Chinese logistics firm was labelled as somethi
Published 06 Nov, 2016 12:00am
Russia aims to swap Eurobonds to delay debt repayment

Russia aims to swap Eurobonds to delay debt repayment

Russia will try to swap its outstanding Eurobonds for new debt in 2017 to postpone paying back foreign debt and will increase its domestic borrowing to fill any budget holes, a senior Finance Ministry official said. The ministry is scrambling to raise ext
Published 06 Nov, 2016 12:00am
Russia aims to swap Eurobonds to delay debt repayment

Russia aims to swap Eurobonds to delay debt repayment

Russia will try to swap its outstanding Eurobonds for new debt in 2017 to postpone paying back foreign debt and will increase its domestic borrowing to fill any budget holes, a senior Finance Ministry official said. The ministry is scrambling to raise ext
Published 06 Nov, 2016 12:00am
Bank of America jumps in with Green bond before vote

Bank of America jumps in with Green bond before vote

Bank of America seized its chance to announce a Green bond Friday as the US primary markets prepared for a slowdown due to the presidential election next week. Coming with a deal seemed smart given the increasing uncertainty over the outcome of the tightl
Published 06 Nov, 2016 12:00am
Bank of America jumps in with Green bond before vote

Bank of America jumps in with Green bond before vote

Bank of America seized its chance to announce a Green bond Friday as the US primary markets prepared for a slowdown due to the presidential election next week. Coming with a deal seemed smart given the increasing uncertainty over the outcome of the tightl
Published 06 Nov, 2016 12:00am
Australian shares seen edging up by year-end; 2017 looks stronger

Australian shares seen edging up by year-end; 2017 looks stronger

Australian shares are set to edge fractionally higher over the rest of this year and then extend gains in 2017, driven by record-low interest rates and buttressed by recovering commodity prices, a Reuters poll of analysts and strategists found. A mooted s
Published 06 Nov, 2016 12:00am
China funds raise equity, bond exposure; cut cash holdings

China funds raise equity, bond exposure; cut cash holdings

China fund managers' are allocating more funds for mainland equities over the next three months, suggesting they see a rebound from a one-year low, although some remained cautious about the short-term prospects. Eight fund managers polled by Reuters boost
Published 06 Nov, 2016 12:00am
China funds raise equity, bond exposure; cut cash holdings

China funds raise equity, bond exposure; cut cash holdings

China fund managers' are allocating more funds for mainland equities over the next three months, suggesting they see a rebound from a one-year low, although some remained cautious about the short-term prospects. Eight fund managers polled by Reuters boost
Published 06 Nov, 2016 12:00am
TSX suffers lowest close in six weeks

TSX suffers lowest close in six weeks

Canada's benchmark stock index on Friday closed at its lowest in six weeks on declines in energy and banking shares, pressured by lower oil prices and an uncertain US interest rate and political environment. The Toronto Stock Exchange's S&P/TSX composite
Published 06 Nov, 2016 12:00am
Euronext, Algomi create bond trading platform

Euronext, Algomi create bond trading platform

Euronext has formed a joint venture with Algomi in a bid to become a centralised market for pan-European corporate bond trading, the exchange said on Thursday. Euronext will form a new multilateral trading facility (MTF) utilising Algomi's trading protoco
Published 06 Nov, 2016 12:00am
Euronext, Algomi create bond trading platform

Euronext, Algomi create bond trading platform

Euronext has formed a joint venture with Algomi in a bid to become a centralised market for pan-European corporate bond trading, the exchange said on Thursday. Euronext will form a new multilateral trading facility (MTF) utilising Algomi's trading protoco
Published 06 Nov, 2016 12:00am
Saudi Arabia issues draft rules for second stock market

Saudi Arabia issues draft rules for second stock market

Saudi Arabia's stock market regulator on Thursday issued draft rules for a new secondary market, part of efforts to boost the role of small and medium enterprises in the economy. Only Saudi joint stock companies are eligible and must have been operating f
Published 06 Nov, 2016 12:00am
Austria joins ultra-long bond foray with first 70-year issue

Austria joins ultra-long bond foray with first 70-year issue

Austria's government borrowing costs pushed towards four-month highs on Tuesday as the country sold a 70-year bond, the longest debt issued publicly by a euro zone government. Vienna has gathered over 5 billion euros of investor interest in the bond, bank
Published 06 Nov, 2016 12:00am
Austria joins ultra-long bond foray with first 70-year issue

Austria joins ultra-long bond foray with first 70-year issue

Austria's government borrowing costs pushed towards four-month highs on Tuesday as the country sold a 70-year bond, the longest debt issued publicly by a euro zone government. Vienna has gathered over 5 billion euros of investor interest in the bond, bank
Published 06 Nov, 2016 12:00am
Germany calls for free trade accord, welcomes China steel talks offer

Germany calls for free trade accord, welcomes China steel talks offer

German Economy Minister Sigmar Gabriel called for a resumption of long-stalled efforts to negotiate a global free trade accord on Saturday, warning that a proliferation of bilateral trade deals could lead to varying standards and rules. "The best thing wo
Published 06 Nov, 2016 12:00am
S&P reaffirms Turkey rating, revises outlook up to stable
Currency

S&P reaffirms Turkey rating, revises outlook up to stable

Ratings agency S&P reaffirmed its foreign currency credit rating of BB for Turkey on Friday, revising its outlook to stable from negative, saying government policy was gradually refocusing on measures to reduce external vulnerabilities. The announcement c
Published 06 Nov, 2016 12:00am
S&P reaffirms Turkey rating, revises outlook up to stable
Currency

S&P reaffirms Turkey rating, revises outlook up to stable

Ratings agency S&P reaffirmed its foreign currency credit rating of BB for Turkey on Friday, revising its outlook to stable from negative, saying government policy was gradually refocusing on measures to reduce external vulnerabilities. The announcement c
Published 06 Nov, 2016 12:00am
VW to use tweaked modular platform for two generations: VW brand chief

VW to use tweaked modular platform for two generations: VW brand chief

Volkswagen expects to be able to use its tweaked MQB modular platform for the next two generations of cars, creating substantial cost savings, VW brand chief Herbert Diess said. "In the past months we have worked on the cost side of MQB and made significa
Published 06 Nov, 2016 12:00am
British Airways owner cuts long-term outlook on pound slump
Currency

British Airways owner cuts long-term outlook on pound slump

The parent group of British Airways cut its long-term profits outlook Friday, blaming the downgrade mainly on a plunging pound following the shock Brexit vote. International Airlines Group forecast in a statement that earnings before interest, tax, deprec
Published 06 Nov, 2016 12:00am
New Dutch referendum looms targeting EU-Canada pact

New Dutch referendum looms targeting EU-Canada pact

Dutch activists said Saturday they have garnered nearly two-thirds of the signatures needed to force the government to hold a referendum on the new EU-Canada trade pact, in what may prove a fresh setback to the deal. The controversial accord, seven years
Published 06 Nov, 2016 12:00am
Four firms bid to buy South Korea's STX, French unit

Four firms bid to buy South Korea's STX, French unit

Four companies submitted bids to buy South Korea's troubled STX Offshore and Shipbuilding, a Seoul bankruptcy court said Friday, with media reports suggesting they included three European firms. A court spokesman declined to identify the bidders, or clari
Published 06 Nov, 2016 12:00am
UBS completes most of cost savings in wealth management

UBS completes most of cost savings in wealth management

UBS has completed most of the cost savings at its flagship wealth management division with around 400 positions eliminated, the unit's president, Juerg Zeltner, said in an interview published on Saturday. "Due to the decline in earnings, we had to interve
Published 06 Nov, 2016 12:00am
Vast Moroccan solar power plant is hard act for Africa to follow

Vast Moroccan solar power plant is hard act for Africa to follow

On the edge of the Sahara desert, Morocco is building one of the world's biggest solar power plants in a project largely funded by the European Union. It is a hard success for other African nations to match as they seek to implement a new global deal to c
Published 06 Nov, 2016 12:00am
GM cautiously ramps up Bolt electric car production

GM cautiously ramps up Bolt electric car production

General Motors Co is ramping up production of Chevrolet Bolt electric cars at a factory north of Detroit and is on track to start delivering vehicles as promised by the end of the year, company officials said on Friday.
Published 06 Nov, 2016 12:00am
Spain's new government vows to stick to deficit target

Spain's new government vows to stick to deficit target

Spain's new government said Friday it was confident it will respect the public deficit targets it has agreed with the European Commission. Madrid has vowed to reduce its deficit from 5.1 percent of gross domestic product (GDP) in 2015 to 4.6 percent this
Published 06 Nov, 2016 12:00am
Spanish oil giant Repsol swings back to profit

Spanish oil giant Repsol swings back to profit

Spain's oil giant Repsol said Thursday it swung back to profit in the third quarter as the company reduced costs to adapt to a slump in oil prices which has hit production revenues. The company posted a net profit of 481 million euros ($$535 million) in t
Published 06 Nov, 2016 12:00am
Spanish oil giant Repsol swings back to profit

Spanish oil giant Repsol swings back to profit

Spain's oil giant Repsol said Thursday it swung back to profit in the third quarter as the company reduced costs to adapt to a slump in oil prices which has hit production revenues. The company posted a net profit of 481 million euros ($$535 million) in t
Published 06 Nov, 2016 12:00am
Bristling with hardware, China airshow targets arms exports

Bristling with hardware, China airshow targets arms exports

China's extravagant display of military might at its largest airshow this week, overlooking the disputed South China Sea, comes as Beijing seeks to leverage that clout on world markets. And the throngs of foreign delegations at Airshow China in the southe
Published 06 Nov, 2016 12:00am
Bristling with hardware, China airshow targets arms exports

Bristling with hardware, China airshow targets arms exports

China's extravagant display of military might at its largest airshow this week, overlooking the disputed South China Sea, comes as Beijing seeks to leverage that clout on world markets. And the throngs of foreign delegations at Airshow China in the southe
Published 06 Nov, 2016 12:00am
Autonomous cars to drive chip sector consolidation: NXP

Autonomous cars to drive chip sector consolidation: NXP

NXP Semiconductor, the world's largest chip supplier to the automotive industry, expects efforts to make self-driving cars will lead to more consolidation in its sector, the company's automotive head told Reuters. "Automotive has been driving M&A and will
Published 06 Nov, 2016 12:00am
Kuwait launches foreign bond sale to finance deficit

Kuwait launches foreign bond sale to finance deficit

Kuwait will issue billions of dollars worth of bonds in international markets to finance a budget deficit resulting from low oil prices, a report said Saturday. Finance Minister Anas al-Saleh said Kuwait will issue US dollar-denominated sovereign bonds of
Published 06 Nov, 2016 12:00am
Kuwait launches foreign bond sale to finance deficit

Kuwait launches foreign bond sale to finance deficit

Kuwait will issue billions of dollars worth of bonds in international markets to finance a budget deficit resulting from low oil prices, a report said Saturday. Finance Minister Anas al-Saleh said Kuwait will issue US dollar-denominated sovereign bonds of
Published 06 Nov, 2016 12:00am
Woodfibre set to build Canada's first LNG export project

Woodfibre set to build Canada's first LNG export project

Woodfibre LNG will start building British Columbia's first liquefied natural gas processing and export terminal in 2017, it said on Friday, a project that would grant Canada a long-awaited opportunity to enter the global market. The facility near Squamish
Published 06 Nov, 2016 12:00am
UAE to host region's first carbon capture plant

UAE to host region's first carbon capture plant

The Middle East's first factory to suck carbon dioxide out of the air has begun operating in the United Arab Emirates, developers and a minister said Saturday. The plant - said to be the first of its kind in the Middle East and North Africa - is to captur
Published 06 Nov, 2016 12:00am
China to ramp up risk monitoring in agricultural futures

China to ramp up risk monitoring in agricultural futures

China will step up risk monitoring in agricultural futures to ward off excessive speculation and price manipulation, and is studying ways to deregulate the sector and open it to foreign investment, a senior market regulator said on Saturday.
Published 06 Nov, 2016 12:00am
Tanzania hikes retail fuel prices to reflect higher oil cost

Tanzania hikes retail fuel prices to reflect higher oil cost

Tanzania's energy regulator raised maximum retail prices of fuel on Saturday due to higher international crude oil and refined product prices, a move likely to exert upward pressure on inflation. Fuel prices have a big effect on the east African country's
Published 06 Nov, 2016 12:00am
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