News Archives for Latest - 2016-11-15

Life & Style

Hyundai Heavy to be split into 4 firms as part of restructuring plan

SEOUL: South Korea's Hyundai Heavy Industries is being split into four companies, with its non-shipbuilding businesses being spun off to improve management efficiency and competitiveness, the shipbuilder said on Tuesday.

Updated 10 May, 2018 08:09pm

Technology

WhatsApp launches the fastest video-calling in-app feature

It seems, being just one of the worlds if not the one most popular means of communication, WhatsApp thirst for expansion is insatiable; as the app has officially launched a new video calling feature which is sure to get its competitors, Facebook, Skype

Updated 10 Oct, 2017 10:20am

Europe

Germany's Merkel to seek fourth term, says ally

BERLIN: Germany's Chancellor Angela Merkel intends to stand for a fourth term in next September's elections, a close political ally said Tuesday.

Published 15 Nov, 2016 08:58pm

Europe

Erdogan accuses Western media of sympathising with coup

ANKARA: Turkish President Recep Tayyip Erdogan on Tuesday accused Western media of sympathising with the failed coup aimed at ousting him from power, as he officially opened a new Ankara-backed English language news channel.

Published 15 Nov, 2016 08:57pm

World

Canadian home prices rise in October

OTTAWA: Canadian home prices rose in October from a month earlier as prices continued to soar in Ontario, the most populous province, while Vancouver prices fell for the first time in almost two years, the Teranet-National Bank Composite House Price Index

Published 15 Nov, 2016 08:55pm

Financial

CANADA STOCKS-TSX rises with energy stocks as oil jumps

TORONTO: Canada's main stock index rose on Tuesday as energy stocks pushed higher with a jump in oil prices, while financial stocks pulled back after a sharp rally following the shock US presidential election victory of Donald Trump.

Published 15 Nov, 2016 08:54pm

Financial

C$ rises for first time since US election as oil rallies

TORONTO: The Canadian dollar strengthened against its US counterpart on Monday as oil rallied, with the loonie posting gains for the first time since the US election last week.

Published 15 Nov, 2016 08:53pm

World

Bulgarian jobless rate edges up to 7.9pc in October

SOFIA: Bulgaria's jobless rate edged up to 7.

Published 15 Nov, 2016 08:52pm

Middle East

Both sides accused of abuses in battle for Mosul

BAGHDAD: Islamic State militants summarily killed 21 civilians in Mosul in the last three days, most of them accused of collaborating with the Iraqi forces who are attacking the city, a medical source in Mosul said.

Published 15 Nov, 2016 08:51pm

Money & Banking

Bank of England's Carney: Attacks on central bankers are ‘massive’ blame game

LONDON: Bank of England Governor Mark Carney said verbal attacks by politicians on central banks, such as criticism by US President-elect Donald Trump of the US Federal Reserve, were a "massive blame-deflection exercise".

Published 15 Nov, 2016 08:48pm

Money & Banking

Bank of Cyprus seeks more long-term investors in London listing

ATHENS/LONDON: Bank of Cyprus plans to list in London, only three years after depositors were forced to rescue it as part of a 2013 international bailout of the Mediterranean island.

Published 15 Nov, 2016 08:46pm

World

Azerbaijan's Jan-Oct GDP falls 3.7pc y/y

BAKU: Azerbaijan's gross domestic product shrank by 3.

Published 15 Nov, 2016 08:44pm

Europe

Assange questioned for second day at Ecuador's UK embassy over rape allegation

LONDON: Prosecutors questioned WikiLeaks founder Julian Assange for a second day at the Ecuadorian embassy in London, where he has been holed up for four years, in an investigation into allegations that he committed rape in Sweden in 2010.

Published 15 Nov, 2016 08:42pm

Business & Finance

Pakistan Navy according high priority to CPEC components' security

ISLAMABAD: Pakistan Navy is according high priority to the security of maritime components of China-Pakistan Economic Corridor (CPEC) like Gwadar Port, its approaches and the sea lanes leading to and from the port.

Published 15 Nov, 2016 08:41pm

Front Top News

Both parties showing trust in SC on Panama Papers case: Ahsan

ISLAMABAD: Minister for Planning and Development Ahsan Iqbal on Tuesday said the Panama Papers matter was sub-judice and both the parties, Pakistan Tehreek-e-Insaf and the prime minister, had shown their trust in the Supreme Court regarding the case.

Published 15 Nov, 2016 08:36pm

Industries & Sectors

Added security features in currency notes imperative to ensure sanctity of Pak rupees: FCCI President

FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Muhammad Saeed Sheikh on Tuesday said added security features in currency notes were imperative to ensure the sanctity of Pak rupees in international markets.

Published 15 Nov, 2016 08:35pm

General News

Hussain Nawaz acquired flats as part of settlement with Al Tahni family: Saad Rafique

ISLAMABAD: Minister for Railways Khawaja Saad Rafique on Tuesday said that investment was made in 1980 by Mian Muhammad Sharif with Al Tahni family business in Qatar, which got settled in 2006.

Published 15 Nov, 2016 08:27pm

Front Top News

Earthquake measuring 5.4 jolts twin cities, KPK, Punjab

ISLAMABAD: A mild earthquake measuring 5.

Published 15 Nov, 2016 08:26pm

Sports

Formula One: McLaren legend Dennis forced to quit: BBC

LONDON: The highly respected Ron Dennis has quit as boss of Formula One outfit McLaren after 35 years at the top due to a shareholders uprising on Tuesday according to the BBC.

Published 15 Nov, 2016 08:26pm

Industry

Google announces new London office, 3,000 jobs expected

LONDON: US tech giant Google on Tuesday confirmed it will expand its vast campus in central London, a move a source said is expected to bring 3,000 jobs to the British capital.

Published 15 Nov, 2016 08:24pm

General News

Islam stresses attitudes of tolerace, brotherhood: CM

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif, in his message on International Day for Tolerance, has said that Islam stresses on promotion of attitudes of accommodation, tolerance and brotherhood.

Published 15 Nov, 2016 08:22pm

General News

Punjab govt implementing comprehensive health programme: CM

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif on Tuesday said quality health facility was the right of every citizen and for this purpose, the Punjab government was implementing a comprehensive programme.

Published 15 Nov, 2016 08:19pm

Pakistan Top News

Imran Khan creating hurdles in way of progress: Saad Rafique

ISLAMABAD: Minister for Railways Khawaja Saad Rafique on Tuesday said that Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan was creating hurdles in the way of development in the country.

Published 15 Nov, 2016 08:18pm

General News

Govt committed to facilitate media industry: Marriyum Aurangzeb

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb Tuesday said government was committed to facilitate media industry as it considers that democracy and independence of media go hand in hand.

Published 15 Nov, 2016 08:17pm

General News

SC seeks progress report regarding legislation for providing shelter to poors

ISLAMABAD: The Supreme Court Tuesday directed the federal and provincial governments to submit progress report regarding legislation for provision of shelter to the poor.

Published 15 Nov, 2016 08:17pm

General News

PML-N wins 16 seats

MULTAN: The PML-N won 16 out of 25 seats in the election of reserved seats of District Council, here on Tuesday.

Published 15 Nov, 2016 08:16pm

Commodities

CBOT Trends-Wheat up 2-3 cents, corn up 1-2, soybeans steady-down 1

CHICAGO: Following are US trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.

Published 15 Nov, 2016 07:50pm

World

Colombia president to have prostate cancer tests in US

BOGOTA: Colombian President Juan Manuel Santos said on Tuesday he will undertake medical tests in the United States this week for a possible return of prostate cancer.

Published 15 Nov, 2016 07:49pm

Commodities

Copper drags other metals lower after week-long rally

LONDON: Copper prices fell on Tuesday, pulling the rest of the metals complex lower, as traders took profits made after a week-long rally fuelled by Donald Trump's US election victory.

Published 15 Nov, 2016 07:48pm

Commodities

Corn falls on Latam outlook, soybeans down for third session

SINGAPORE/PARIS: Chicago corn fell for a third consecutive session on Tuesday, hovering close to its lowest since early October as near-perfect planting weather across Brazil anchored the market.

Published 15 Nov, 2016 07:48pm

Money & Banking

Deutsche, Citi team up on risk-retention CMBS

NEW YORK: Deutsche Bank and Citigroup have teamed up to offer a new US$975m CMBS they hope will satisfy new risk-retention rules that take effect next month, two sources told IFR.

Published 15 Nov, 2016 07:47pm

Europe

ECB talking to London-based banks over EU access post-Brexit

FRANKFURT: The European Central Bank is talking to banks looking to move some operations from London to the euro zone following Britain's decision to leave the European Union, ECB board member Sabine Lautenschlaeger said on Tuesday.

Published 15 Nov, 2016 07:46pm

Europe

Euro zone economy absorbs Brexit shock, Trump clouds outlook

BERLIN: The euro zone economy grew steadily in the three months after Britain's shock vote in June to leave the European Union but US President-elect Donald Trump's protectionist rhetoric is clouding the outlook for 2017.

Published 15 Nov, 2016 07:46pm

Pakistan Top News

France's Hollande tells Trump to respect climate deal

MARRAKESH: French President Francois Hollande urged US President-elect Donald Trump on Tuesday to respect a global agreement to limit climate change, saying the deal was irreversible and inaction on global warming would be disastrous.

Published 15 Nov, 2016 07:45pm

Industry

GE signs Exelon in its largest power-plant software deal

SEATTLE: General Electric Co has signed up US energy utility Exelon Corp to use its full software set to analyze and manage power plants in 48 states, the largest GE deployment in the power sector so far, the companies said on Tuesday.

Published 15 Nov, 2016 07:44pm

Financial

GLOBAL MARKETS-Dollar, copper retreat, bonds in favour as Trump rally pauses

LONDON: The dollar pulled back from close to 14-year highs on Tuesday, euro zone government bond yields fell and the price of copper tumbled as traders cashed in gains from a rally fuelled by Donald Trump's shock victory in the US presidential electio

Published 15 Nov, 2016 07:43pm

Commodities

Gold rebounds on Trump policy uncertainty

LONDON: Gold edged higher on Tuesday, snapping a three-session losing streak, on uncertainty over the economic policies of US President-elect Donald Trump.

Published 15 Nov, 2016 07:42pm

Money & Banking

Greece's Piraeus Bank grows Q3 profit, bad debt provisions drop

ATHENS: Piraeus Bank remained profitable in the third quarter, growing net earning by 52 percent from the previous three-month period as provisions for impaired loans fell, Greece's largest lender by assets said on Tuesday.

Published 15 Nov, 2016 07:42pm

Europe

I'll tax US goods if Trump reneges on trade deals, says France's Sarkozy

PARIS: Nicolas Sarkozy, seeking to return to power as French president, said on Tuesday he would tax US imports if Washington turned its back on international trade and climate accords under Donald Trump.

Published 15 Nov, 2016 07:41pm

Commodities

India raises 2017 local wheat purchase price

NEW DELHI: The Indian government has decided to raise the price at which it will buy new-season wheat from domestic farmers in 2017 by 100 rupees, a senior government official told reporters on Tuesday after a meeting of the federal cabinet.

Published 15 Nov, 2016 07:40pm

Europe

Italy's Berlusconi backs away from potential political heir

ROME: Former Prime Minister Silvio Berlusconi cast doubt on Tuesday on the prospects of the man he has indicated as a likely heir to head the divided centre-right, saying he had spoiled his chances by clashing with an ally.

Published 15 Nov, 2016 07:40pm

Front Top News

Kerry announces Yemen cessation of hostilities to start Nov. 17

ABU DHABI: The armed Houthi movement and Saudi-led military alliance fighting in Yemen have agreed to observe a cessation of hostilities from Nov.

Published 15 Nov, 2016 07:31pm

Money & Banking

Lufthansa management board member Garnadt to step down in 2017

FRANKFURT: Lufthansa management board member Karl Ulrich Garnadt, responsible for the carrier's low cost unit Eurowings, will step down next year, a spokesman said on Tuesday.

Published 15 Nov, 2016 07:30pm

World Top News

Merkel open to talks on detail of EU free movement, in hint at Brexit wiggle room

BERLIN: German Chancellor Angela Merkel signalled a readiness on Tuesday to discuss the parameters of the free movement of people in the European Union, in remarks that may open some room for manoeuvre in talks on Britain's exit from the bloc.

Published 15 Nov, 2016 07:29pm

Financial

Mexico peso rallies over 2pc, claws back from Trump tumble

MEXICO CITY: Mexico's peso on Tuesday rallied for a second day, rebounding from a historic slump last week weakened by concerns US President-elect Donald Trump could crimp cross-border trade.

Published 15 Nov, 2016 07:29pm

North America

Mexico president nominates Diaz de Leon to central bank

MEXICO CITY: Mexican President Enrique Pena Nieto on Tuesday nominated the head of the government's exporter bank Alejandro Diaz de Leon to take a place on the country's central bank board, according to the Senate's daily gazette.

Published 15 Nov, 2016 07:28pm

Financial

MIDEAST STOCKS-Saudi, Egypt continue pull-back, MSCI index changes affect UAE, Qatar

DUBAI: Stock markets in Saudi Arabia and Egypt continued pulling back on Tuesday after big rallies earlier this month, while some individual stocks in the United Arab Emirates and Qatar moved sharply after MSCI adjusted its indexes.

Published 15 Nov, 2016 07:27pm

Money & Banking

Morgan Stanley eschews call option for 5-year senior deal

NEW YORK: Morgan Stanley sold a US$3.

Published 15 Nov, 2016 07:26pm

Industry

Nokia says telecoms gear market tough, but outpacing Ericsson

BARCELONA/HELSINKI: Nokia said on Tuesday it was outperforming arch-rival Ericsson in a weak telecoms equipment market, but its shares fell as its dividend plans and profitability forecasts missed analysts' expectations.

Published 15 Nov, 2016 07:25pm

Commodities

NY cocoa sets 3-year low on favourable crop outlook

LONDON: New York cocoa futures fell to a 3-year low on Tuesday as favourable weather in West Africa boosted expectations there would be a global surplus in the 2016/17 season and encouraged funds to take more bearish positions.

Published 15 Nov, 2016 07:24pm

Energy

Oil prices soar on renewed hopes of OPEC output deal

NEW YORK: Oil prices jumped 4 percent on Tuesday, bouncing back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut.

Published 15 Nov, 2016 07:23pm

World

Peru's economy grew 4.13pc in Sept from same month a year ago-govt

LIMA: Peru's economy grew by a higher-than-expected 4.

Published 15 Nov, 2016 07:22pm

Money & Banking

Polish central banker says not concerned by GDP slowdown

WARSAW: The slowdown of Polish economic growth in the third quarter is not a reason for excessive concern, but it should be discussed by the rate-setting panel, central banker Kamil Zubelewicz said on Tuesday.

Published 15 Nov, 2016 07:20pm

Europe

Russian minister was detained at Rosneft offices: lawyer

MOSCOW: Alexei Ulyukayev, the Russian economy minister charged with extorting a bribe from Russian oil company Rosneft, was detained at the firm's offices, Ulyukayev's lawyer Timofei Gridnev told Reuters.

Published 15 Nov, 2016 07:19pm

Money & Banking

Russia's Sberbank improves 2016 capital adequacy guidance

MOSCOW: Russian's largest bank Sberbank improved its 2016 Tier 1 Capital Adequacy Ratio guidance to over 11 percent from over 10.

Published 15 Nov, 2016 07:18pm

Industry

Sanofi, GSK expect further price pressure, more M&A under Trump

LONDON: Two of Europe's biggest drugmakers warned on Tuesday there would be no let up in pressure on US medicine prices after last week's presidential election win for Republican Donald Trump, which sent pharmaceutical and biotech shares soaring.

Published 15 Nov, 2016 07:17pm

Financial

Short-dated US yields add rise after retail sales data

NEW YORK: Yields on short-to-medium term Treasuries extended their earlier rise on Tuesday as a bigger-than-expected rise in domestic retail sales in October supported the view the Federal Reserve would raise interest rates in December.

Published 15 Nov, 2016 07:15pm

Football

Soccer-South Korea snatch late win over Uzbekistan

SEOUL: South Korea gave coach Uli Stielike the perfect birthday gift with a 2-1 win over Uzbekistan on Tuesday that breathed new life into their World Cup qualifying campaign.

Published 15 Nov, 2016 07:15pm

Africa

Some 14 million in northeast Nigeria may need humanitarian aid in 2017: UN

ABUJA; Around 14 million people will need humanitarian help in the former northeast Nigerian stronghold region of Boko Haram militants and tens of thousands of children will be at risk of dying from famine, a UN official said on Tuesday.

Published 15 Nov, 2016 07:14pm

Africa

South Africa's Zuma asks state prosecutor to give reasons why he should not be suspended

JOHANNESBURG: South African President Jacob Zuma has asked National Director of Public Prosecutions Shaun Abrahams to give reasons by Nov.

Published 15 Nov, 2016 07:14pm

World

Strong US retail sales reinforce December interest rate hike

WASHINGTON: US retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to raise interest rates next month.

Published 15 Nov, 2016 07:13pm

Money & Banking

Tarullo: Fed to carefully watch market reaction to Trump administration

WASHINGTON: The Federal Reserve will need to watch carefully how markets react to the election of Donald Trump, but does not need to change its policy path until it is clear how the economy responds, Fed Governor Daniel Tarullo said on Tuesday.

Published 15 Nov, 2016 07:07pm

Sports

Tennis-Jamie Murray steps up bid for doubles top spot

LONDON: Jamie Murray maintained his pursuit of the end-of-year doubles number one ranking with Brazilian partner Bruno Soares as they beat American greats Bob and Mike Bryan 6-3 6-4 at the ATP World Tour Finals on Tuesday.

Published 15 Nov, 2016 07:07pm

North America

Trump, Pence meeting in New York on Cabinet picks

WASHINGTON: President-elect Donald Trump planned to meet with Vice President-elect Mike Pence in New York on Tuesday to discuss key appointments as moderate Republican Mike Rogers was jettisoned from the transition team.

Published 15 Nov, 2016 07:06pm

Money & Banking

UniCredit changes top roles in syndicate, capital markets

LONDON: UniCredit has appointed Christian Reusch as head of global syndicate and capital markets, one of several senior changes in its investment bank.

Published 15 Nov, 2016 07:05pm

Commodities

US Cash Grains-Corn, soy bids steady to mostly higher

CHICAGO: Spot basis for soybeans and corn were mostly steady to higher in the US Midwest on Tuesday, grain merchants said.

Published 15 Nov, 2016 07:04pm

Industry

VW reaches agreement on fixes, buybacks for 80,000 polluting US diesels

WASHINGTON: Volkswagen AG has reached an agreement with US regulators for a mix of buybacks and fixes for 80,000 polluting Audi, Porsche and VW 3.

Published 15 Nov, 2016 07:03pm

General News

Finance Minister takes notice of cable operators' strike call

ISLAMABAD: Finance Minister Mohammad Ishaq Dar Tuesday took notice of Cable Operators' strike call.

Published 15 Nov, 2016 04:03pm

Business & Economy

Canada-Pakistan Business Council meets CM

LAHORE: A delegation led by President Canada-Pakistan Business Council Samir Dossal met Punjab Chief Minister Muhammad Shehbaz Sharif here Tuesday and lauded the Punjab government under his leadership for speedy implementation of splendid programmes for w

Published 15 Nov, 2016 03:52pm

General News

L&O in city improved as a result of Karachi operation

KARACHI: The law and order in the metropolis has improved in the wake of the implementation of `Zarb-e-Azb' and the National Action Plan.

Published 15 Nov, 2016 03:39pm

Europe

Strong Europe 'good for the world and the US': Obama

ATHENS: A strong and unified Europe is "good" for the United States and NATO is "absolutely vital" for US security and prosperity, US President Barack Obama said Tuesday as he launched his final European trip.

Published 15 Nov, 2016 03:18pm

General News

SC adjourns hearing of Panama case till Nov 17

ISLAMABAD: The Supreme Court Monday adjourned hearing of four identical petitions filed by PTI and others seeking investigation into the Panama Papers till November 17 with direction for both the parties to exchange their copies.

Published 15 Nov, 2016 03:16pm

General News

Pillion riding banned

PESHAWAR: Deputy Commissioner Peshawar has under section 144 Cr.

Published 15 Nov, 2016 03:05pm

Industries & Sectors

Pakistan has maintained lowest petroleum prices in South Asia: Dar

ISLAMABAD: Minister for Finance Senator Mohammad Ishaq Dar here on Tuesday said Pakistan has maintained the lowest prices of petroleum products in comparison to the rest of South Asia, particularly India and Bangladesh.

Published 15 Nov, 2016 03:05pm

Pakistan Top News

Dar briefed on anti money laundering issues

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar here Tuesday chaired a meeting with officials of FBR, Financial Monitoring Unit (FMU) and Finance Division on the matters related to Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) re

Published 15 Nov, 2016 03:02pm

Business & Economy

MCCI wants Multan included in afforestation plan

MULTAN: Multan Chamber of Commerce and Industry (MCCI) has expressed its reservations over exclusion of Multan from afforestation plan of South Punjab Forest Company (SPFC) and invited the company officials for discussion on the matter.

Published 15 Nov, 2016 03:02pm

General News

Committee recommends disciplinary action against those found negligent in Gaddani incident

ISLAMABAD: A high-level committee constituted by the Prime Minister to investigate the causes leading to fire incident at Gaddani has submitted its report to the Prime Minister Office, and recommended disciplinary action against those found negligent.

Published 15 Nov, 2016 03:01pm

Pakistan Top News

Successfull Zarb-e-Azb operation eliminates terrorism

SWAT: Chief Minister Khyber Pakthunkhwa Pervez Khattak said the peace and tranquility had been restored in the province after elimination of terrorism due to successful Zarb e Azb operation.

Published 15 Nov, 2016 03:00pm

Industries & Sectors

Turkish firms acquires Dawlance Pakistan for dollars 243mn

KARACHI: A leading Turkish company, Arcelik, has acquired Dawlance Pakistan for dollars 243 million.

Published 15 Nov, 2016 02:59pm

Business & Economy

Bullion Prices on Tuesday

KARACHI: Following were the Bullion Prices in Karachi and Multan on Tuesday.

Published 15 Nov, 2016 02:59pm

General News

Muqam directs establishment of new utilities stores in FATA, KP

PESHAWAR: Adivsor to Prime Minister Engr.

Published 15 Nov, 2016 02:53pm

Arts

Famous TV actor Salim Nasir remembered

ISLAMABAD: Famous television actor Salim Nasir was remembered on the occasion of the occasion of his birth anniversary on Tuesday.

Published 15 Nov, 2016 02:17pm

General News

President for enhancing education budget to 4pc of GDP

ISLAMABAD: President Mamnoon Hussain on Tuesday underlined the need for increasing the education budget to 4 per cent of the Gross Domestic Product (GDP) to raise national literacy rate.

Published 15 Nov, 2016 02:15pm

General News

Bilawal urges world leaders to discourage intolerance

ISLAMABAD: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari Tuesday urged the world leaders to discourage intolerance, bigotry and prejudices among different school of thoughts, people and societies to make human living on earth peaceful.

Published 15 Nov, 2016 01:57pm

General News

Bank employee sent on judicial remand in corruption case

ISLAMABAD: A lower court of Islamabad Tuesday sent a former bank employee on judicial remand in a corruption case.

Published 15 Nov, 2016 01:56pm

Markets

Market rates of bullion in Multan

MULTAN: Following bullion rates were received from markets here on Tuesday:%D«ULLION (PER 10 GRAM)%D%A=====================%D%AGOLD TEZABI-24 CT---- 43290.

Published 15 Nov, 2016 01:48pm

Pakistan Top News

Sindh Govt finalises plan to China-Pakistan Industrial Zone at Dhabeji: CM Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that his government has finalized a plan to establish China-Pakistan Industrial Zone (CPIZ) at Dhabeji and develop Keti Bandar Project for prosperity of people of Sindh and Pakistan.

Published 15 Nov, 2016 01:47pm

Life & Style

Transgender people protest against torture

MULTAN: Transgender people held a protest demonstration here on Tuesday against torture of their fellow member at the hands of some criminal elements in Sialkot.

Published 15 Nov, 2016 01:43pm

Pakistan Top News

Chaudhry Nisar meets British PM, NSA at 10 Downing Street

ISLAMABAD: British Prime Minister Theresa May on Tuesday said she was looking forward to visiting Pakistan, in the first half of 2017.

Published 15 Nov, 2016 01:42pm

Cricket

New Zealand series mettle Test for Pakistan: Wasim Akram

Pakistan is all set to cement its legacy in the test circuit, as it expects to dominate against New Zealand and Australia in a much awaited tour Down Under.

Published 15 Nov, 2016 01:41pm

Sports

PHF wants PCB to waive off Rs10mn loan

ISLAMABAD: Pakistan Hockey Federation (PHF) on Tuesday said it wanted the Pakistan Cricket Board (PCB) to waive off the Rs 10 million loan which it took in the year 2000, citing inability to payback the amount.

Published 15 Nov, 2016 01:39pm

Pakistan

Polling for reserved seat for woman remains peaceful in Sialkot

SIALKOT: Polling remained peaceful, transparent and impartial for elections on five reserved seats of female members of Municipal Corporation Sialkot here on Tuesday.

Published 15 Nov, 2016 01:34pm

General News

State Minister inspects poverty survey

SUKKUR: State Minister and Chairperson, Benazir Income Support Programme (BISP) MNA Marvi Memon on Tuesday visited Pano Aqil, Sukkur district where she inspected BISP's new poverty survey registration site of Town Committee Center.

Published 15 Nov, 2016 01:33pm

General News

Sindh CM leaves for Dubai

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has flown to Duabi on a two-day visit to meet President of Pakistan Peoples Party Parliamentarian (PPPP), Asif Ali Zardari.

Published 15 Nov, 2016 01:25pm

General News

Over 900 TDPs' families return to Lower Orakzai Agency

PESHAWAR: Over 900 Temporary Displaced Persons (TDPs) from Lower Orakzai Agency were shifted by Frontier Corps Khyber Pakhtunkhwa to their native areas to their native areas on Tuesday.

Published 15 Nov, 2016 01:24pm

General News

Sunny weather likely in Karachi on Wednesday

KARACHI: The Met Office on Tuesday forecast sunny weather in the metropolis over the next 24 hours.

Published 15 Nov, 2016 01:20pm

North America

Trump, Pence set to meet on US cabinet appointments

NEW YORK: President-elect Donald Trump meets with running mate Mike Pence in New York on Tuesday to discuss cabinet appointments amid reports of intense infighting over choice posts.

Published 15 Nov, 2016 01:16pm

Europe

Obama in Europe to reassure allies

ATHENS: US President Barack Obama flew into Athens on Tuesday on his final foreign trip to Europe, seeking to calm the nerves of allies concerned by Donald Trump's shock presidential election victory.

Published 15 Nov, 2016 12:30pm

Middle East

Russian aircraft carrier jets conduct first Syria strikes

MOSCOW: Russian Defence Minister Sergei Shoigu said Tuesday that jets from the Admiral Kuznetsov aircraft carrier deployed in the eastern Mediterranean had launched their first strikes on Syria.

Published 15 Nov, 2016 12:29pm

Money & Banking

Sberbank doubles profits as Russian lending picks up

MOSCOW: Russia's biggest bank Sberbank said Tuesday its net profits had doubled as borrowing in the country picked up after an abrupt halt last year.

Published 15 Nov, 2016 12:21pm

Money & Banking

Australia's central bank hopes wiser heads prevail on US trade policy

MELBOURNE: The head of Australia's central bank on Tuesday said past proposals by US President-elect Donald Trump to slap tariffs on Chinese imports would be very bad for the world economy and he hoped "wiser heads" would prevail to prevent that.

Published 15 Nov, 2016 12:17pm

Money & Banking

ECB getting more queries, meeting requests from UK banks: ECB

FRANKFURT: The European Central Bank is getting an increasing number of queries from banks considering relocating some operations from Britain to the euro zone, ECB bank supervisor Sabine Lautenschlaeger said on Tuesday.

Published 15 Nov, 2016 12:09pm

World

Merkel warns against protectionist responses to globalisation

BERLIN: German Chancellor Angela Merkel called on Tuesday for globalisation to be framed in multilateral agreements rather than see countries adopt protectionist measures, in a thinly veiled warning to US President-elect Donald Trump.

Published 15 Nov, 2016 12:07pm

Financial

European shares steady as utilities' bounce offset by weak miners

MILAN: European shares steadied on Tuesday as a rebound in utilities and crude prices was offset by sharp falls among mining stocks, while telecoms equipment maker Nokia slumped after a disappointing earnings outlook update.

Published 15 Nov, 2016 12:00pm

Commodities

Gold rebounds on Trump policy uncertainty

LONDON: Gold edged higher on Tuesday, snapping a three-session losing streak, on uncertainty over the effects of policies promised by US President-elect Donald Trump and expectations of higher interest rates in December.

Published 15 Nov, 2016 11:54am

Money & Banking

Carney says will not extend his time at BoE again

LONDON: Bank of England Governor Mark Carney said on Tuesday he would not consider a further extension of his time in charge of the British central bank, which is now due to end in June 2019.

Published 15 Nov, 2016 11:53am

Commodities

Palm reverses gains to fall for second session in a row

KUALA LUMPUR: Malaysian palm oil futures declined for a second straight session on Tuesday after weaker export data from a cargo surveyor prompted traders to sell.

Published 15 Nov, 2016 11:44am

Money & Banking

Swedish central bank chief says reason to believe crown will strengthen over time

STOCKHOLM: There is reason to believe that the strength of the Swedish economy will see the crown appreciate over time, Swedish Central Bank Governor Stefan Ingves said on Tuesday.

Published 15 Nov, 2016 11:43am

General News

Govt College of Science professor shot dead in Lahore

LAHORE: Government College of Science’s Professor Rao Altaf was shot dead on Tuesday by unknown assailants in the Punjab capital.

Published 15 Nov, 2016 11:21am

Europe

Germany launches sweeping crackdown against 'The True Religion'

BERLIN: German police on Tuesday carried out sweeping raids across 10 states in a probe against an Islamist group suspected of propagating hate and inciting 140 youths to fight alongside jihadists in Syria and Iraq.

Published 15 Nov, 2016 11:08am

Industries & Sectors

Hyatt hotel chain comes to four Pakistani cities

The Hyatt Hotels Corporation, a US based multinational organization, has announced its plans to enter the Pakistani market with building four resorts across the country.

Published 15 Nov, 2016 10:56am

Pakistan Top News

RECORDER REPORT: PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Tuesday having 42313.

Published 15 Nov, 2016 10:55am

Financial

Dollar dips after soaring to 11-month highs

LONDON: The dollar slipped from an 11-month high against a basket of major currencies on Tuesday, pausing for breath after rallying almost 3 percent since Donald Trump won the U.

Published 15 Nov, 2016 10:45am

Energy

Oil prices up 2 percent on hopes of OPEC output cut

LONDON: Oil prices rose around 2 percent on Tuesday, bouncing back from multi-month lows on optimism that OPEC will agree later this month to cut production to reduce a supply glut.

Published 15 Nov, 2016 10:43am

Financial

Dollar, copper retreat, bonds in favour as Trump rally pauses

LONDON: The dollar pulled back from close to 14-year highs on Tuesday, euro zone government bond yields fell and the price of copper tumbled as traders cashed in gains from a rally fuelled by Donald Trump's victory in the U.

Published 15 Nov, 2016 10:40am

Financial

Sterling hammered again after Brexit memo leak

LONDON: Sterling sank by more than 1 percent against the euro on Tuesday, handing back much of three days of solid gains as media reports refocused traders' attention on the political risks associated with Britain's departure from the European Uni

Published 15 Nov, 2016 10:39am

Europe

NATO's Stoltenberg says message to Russia is ‘we want dialogue’

BRUSSELS: NATO Secretary General Jens Stoltenberg said on Tuesday the military alliance wanted dialogue with Russia, after U.

Published 15 Nov, 2016 10:38am

Cricket

Rahul returns to India squad for England Test

MUMBAI: India received a boost on Tuesday with the news that opener Lokesh Rahul has recovered from injury and is in contention to face England in this week's second Test.

Published 15 Nov, 2016 10:29am

World

British annual inflation dips in October

LONDON: British annual inflation surprisingly dipped in October from a two-year high, official data showed Tuesday, despite a Brexit-triggered slump in the pound lifting imported raw material costs for UK firms.

Published 15 Nov, 2016 10:28am

Middle East

Egypt court overturns Morsi death sentence: judicial official

CAIRO: An Egyptian appeals court has overturned a death sentence handed down against ousted Islamist president Mohamed Morsi in one of several trials since his 2013 overthrow, a judicial official said.

Published 15 Nov, 2016 10:27am

Arts

Google, Facebook to restrict ads on 'fake news sites'

SAN FRANCISCO: Alphabet Inc's Google and Facebook Inc on Monday announced measures aimed at halting the spread of "fake news" on the internet by targeting how some purveyors of phony content make money: advertising.

Published 15 Nov, 2016 10:14am

Managed Funds

Euro zone government bond yields fall 3-6 bps as sell-off pauses

LONDON: Euro zone government bond yields fell 3-6 basis points (bps) across the board, ending a six-week sell-off, at least for the time being.

Published 15 Nov, 2016 09:56am

Financial

Five-year JGB yield rises to 9-month high after poor auction

TOKYO: The yield on the five-year Japanese government bond rose to a nine-month high on Tuesday, after results of a 5-year auction fell short of market expectations.

Published 15 Nov, 2016 09:55am

General News

Joint Session of Parliament on Thursday

ISLAMABAD: Joint Session of the Parliament will be held on November 17 (Thursday) here at 1.

Published 15 Nov, 2016 09:51am

CDNS achieves Rs 80 billion by Nov,10

ISLAMABAD: The Central Directorate of National Savings (CDNS) achieved Rs 80 billion in first quarter of current fiscal year from July, 01 to November,10 2016-17.

Published 15 Nov, 2016 09:50am

North America

Is US unsafe for Muslims? According to FBI it is

Donald Trump became the 45th president of United States much to the dismay of minorities living in the country.

Published 15 Nov, 2016 09:43am

Cricket

Only four safe in shattered Australia: Lehmann

HOBART: Coach Darren Lehmann declared only four players were sure to keep their places in the Australian team after another demoralising batting collapse handed South Africa a crushing series victory in Hobart on Tuesday.

Published 15 Nov, 2016 09:38am

Financial

Tokyo's Nikkei index ends flat after profit-taking

TOKYO: Tokyo's benchmark stock index gave up early gains to end flat Tuesday, as investors locked in profits after a weak yen pushed the benchmark share gauge to a nine-month high.

Published 15 Nov, 2016 09:37am

Industry

EasyJet annual profit hit by slumping pound

LONDON: British low cost airline EasyJet on Tuesday said its annual profit before tax slumped by almost one third due to a Brexit-driven tumble in the pound, terror attacks and strikes.

Published 15 Nov, 2016 09:24am

Life & Style

Do you support Dwayne The Rock Johnson as the next US President?

Hollywood star Dwayne Johnson in a shocking confession said that hes considering running for the US Presidency in 2020.

Published 15 Nov, 2016 09:22am

Financial

Asian emerging markets up but Trump fears remain

HONG KONG: Most Asian emerging markets rose Tuesday after the previous day's heavy losses while the dollar dipped against most peers but traders remained on edge over Donald Trump's plans for global trade agreements.

Published 15 Nov, 2016 09:21am

Financial

Hong Kong stocks edge up after two days of losses

HONG KONG: Hong Kong stocks staged a mild recovery Tuesday after a sharp two-day sell-off, but traders remain concerned that Donald Trump's big-spending policies could fan inflation and send interest rates soaring.

Published 15 Nov, 2016 09:20am

Life & Style

Five decades and 200 films later, Jackie Chan 'finally' wins Oscar

LOS ANGELES: When Jackie Chan saw an Oscar at Sylvester Stallone's house 23 years ago, he said that was the moment he decided he wanted one.

Published 15 Nov, 2016 09:20am

Industry

Vodafone loss doubles on India woes

LONDON: British mobile phone giant Vodafone on Tuesday said its first-half net loss doubled to more than 5.

Published 15 Nov, 2016 09:12am

Cricket

Australian hitter Bailey returns to Hampshire

LONDON: Australian batsman George Bailey will be Hampshire's overseas player in the English championship for the next two years, the county side announced Tuesday.

Published 15 Nov, 2016 09:10am

Europe

Britain has no Brexit plan, leaked memo claims

LONDON: The British government has no overarching plan for Brexit and may take another six months to agree a negotiating strategy, according to a leaked memo published by The Times on Tuesday.

Published 15 Nov, 2016 09:09am

Life & Style

Pakistan’s films come to US in Dec

NEW YORK: A film festival, the first-ever in the United States showcasing top-rated Pakistani movies, will be held in New York from December 3-4, organized by the Permanent Mission of Pakistan to the United Nations, it was announced Tuesday.

Published 15 Nov, 2016 09:05am

Pakistan Top News

PM urges UN to take notice of unprovoked Indian firing at LoC

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Tuesday urged the United Nations to take notice of the frequent ceasefire violations by India on Line of Control (LoC) with Pakistan.

Published 15 Nov, 2016 09:02am

Pakistan

Asif reposes complete trust in SC over Panama case

ISLAMABAD: Defence Minister Khawaja Asif has expressed complete trust in Supreme Court over Panama Papers case.

Published 15 Nov, 2016 09:01am

Cricket

Pakistan cricket team shaken after earthquake

Pakistan cricket team is currently present in New Zealand, as the team eyes to cement its legacy as a formidable Test side, by beating both New Zealand and Australia in their backyards.

Published 15 Nov, 2016 08:39am

Commodities

Soybeans rebound on Chinese buying, corn falls on LatAm outlook

SINGAPORE: Chicago soybean futures edged higher on Tuesday snapping two sessions of declines and recovering from its lowest in more than three weeks on support from China's persistent demand.

Published 15 Nov, 2016 08:10am

Financial

China's yuan falls to near 8-year low as dollar advances

HONG KONG: China's yuan fell to its lowest level in nearly eight years and on Tuesday as the dollar climbed on expectations of higher interest rates under President-elect Donald Trump.

Published 15 Nov, 2016 08:09am

Energy

Oil prices rise on falling shale output, renewed hopes of OPEC cut

SINGAPORE: Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts.

Published 15 Nov, 2016 08:08am

Business & Economy

Rs38.6 billion statistical discrepancy in budgetary operation in July-September 2016

ZAHEER ABBASI%D%AISLAMABAD: Finance Ministry has reported a Rs 38.

Published 15 Nov, 2016 07:58am

Financial

Dollar trades in sight of 13-1/2 year peak, US bond yields soar

TOKYO: The dollar traded within sight of its highest level in more than 13-1/2 years on Tuesday as bond yields soared on expectations that President-elect Donald Trump's economic policies will fuel inflation.

Published 15 Nov, 2016 07:56am

World

Indonesia exports, imports grow in October, their best month since 2014

JAKARTA: Indonesia's exports and imports both increased in October after months of deterioration from a year earlier, the statistics bureau said on Tuesday.

Published 15 Nov, 2016 07:55am

Business & Economy

Companies Ordinance empowers SECP to seek details of owners

SOHAIL SARFRAZ%D%AISLAMABAD: The newly-promulgated Companies Ordinance, 2016 has empowered the Securities and Exchange Commission of Pakistan (SECP) to seek details of beneficial owners of foreign companies incorporated in Pakistan.

Published 15 Nov, 2016 07:54am

Financial

Hong Kong stocks rebound, China flat

SHANGHAI: Hong Kong stocks rebounded on Tuesday, helped by steady Chinese share markets and as sharp gains in U.

Published 15 Nov, 2016 07:52am

Commodities

Palm gains on market retracement, aided by stronger soyoil

KUALA LUMPUR: Malaysian palm oil futures were on track to post a session of gains on Tuesday, supported by better-performing soyoil on the Chicago Board of Trade (CBOT), and on retracement after a sharp decline in the previous session.

Published 15 Nov, 2016 07:51am

Industry

Malaysia Airlines bets on China, eyes 2019 IPO target

SINGAPORE: Malaysia Airlines is betting on its first new routes in almost a decade and growth in China, where it wants to triple business over five years, to help it return to profitability in 2018 and list the year after, its chief executive said on Tues

Published 15 Nov, 2016 07:51am

Front Top News

Panama case: PM sons fail to comply, hearing adjourned till Nov 17

ISLAMABAD: The Supreme Court of Pakistan have postponed the hearing of Panamagate case on multiple petitions against Prime Minister Nawaz Sharif and his children, till November 17th, after PM sons Hassan and Hussain Nawaz failed to file relevant documents

Published 15 Nov, 2016 07:48am

Financial

Asia stocks under pressure as dollar stays near 14-year high

HONG KONG: The U.

Published 15 Nov, 2016 07:47am

Financial

Fragile Asia FX rebound fails to ease rising US yield concerns

SINGAPORE: Most emerging Asian currencies edged up on Tuesday after their sharp sell-off, but the outlook for the region remains bearish as the dollar hovered around a 14-year peak on rising US Treasury yields.

Published 15 Nov, 2016 07:46am

World

Singapore Oct exports seen falling for 2nd month

SINGAPORE: Singapore's exports are forecast to have contracted in October for a second straight month, a Reuters poll showed, as weak global demand shows no sign of improvement, keeping pressure on Asia's trade-dependent economies.

Published 15 Nov, 2016 07:44am

Commodities

South Korea to buy 299,000 T surplus rice to ease oversupply

SEOUL: South Korea said on Tuesday it will buy 299,000 tonnes of this year's rice surplus in an effort to ease oversupply and stablise the domestic rice market in a bumper year.

Published 15 Nov, 2016 07:44am

Rs5,000, 40,000 prize bond not to be withdrawn

Federal Minister for Finance Senator Ishaq Dar has dismissed rumours about the demonetization of Rs 5000 currency notes and withdrawal of Rs 40,000 prize bonds.

Published 15 Nov, 2016 07:43am

Financial

Sri Lankan rupee eases on importer dollar demand

COLOMBO: The Sri Lankan rupee was slightly weaker on Tuesday on importer dollar demand and in line with declines in emerging market currencies that fell on investor fears that higher U.

Published 15 Nov, 2016 07:42am

Financial

South Korean won slightly higher, stocks edge down; Park woes deepen

SEOUL: The South Korean won ended a bit higher on Tuesday, recouping some of the losses from the past four sessions of decline as investors hunted for bargains.

Published 15 Nov, 2016 07:40am

Money & Banking

March 2017 deadline for bank cleanup still ‘stands’

MUMBAI: Reserve Bank of India Deputy Governor N.

Published 15 Nov, 2016 07:39am

World

German economic growth slows more than expected in Q3

BERLIN: German economic growth slowed more than expected in the third quarter of 2016 as weaker exports put the brakes on overall activity in Europe's largest economy, preliminary data showed on Tuesday.

Published 15 Nov, 2016 07:36am

Financial

Ten-year JGB yield rises above zero after 5-year sale disappoints

TOKYO: Japanese government bonds slipped on Tuesday, pushing the benchmark yield into positive territory for the first time in eight weeks, after results of a 5-year auction fell short of market expectations.

Published 15 Nov, 2016 07:35am

Front Top News

RECORDER REPORT: PSX mid day update

KARACHI: On Tuesday, until mid day, KSE-100 Index was at 42413.

Published 15 Nov, 2016 07:20am

Life & Style

Pregnant Kareena Kapoor meets ex-flame Shahid Kapoor, here’s what happened

Shahid Kapoor and Kareena Kapoor who once dated each other, has met again and like always it wasn’t awkward at all.

Published 15 Nov, 2016 07:17am

Front Top News

Sales tax refunds being paid to all claimants, says Dar

RECORDER REPORT%D%AISLAMABAD: The Federal Minister for Finance Senator Ishaq Dar chaired a ceremony at the FBR Headquarters Monday for the inauguration of the "Module for Direct Electronic Transfer of Refunds" for payment of sales tax refunds for Refund P

Published 15 Nov, 2016 07:14am

Front Top News

US condemns Shah Noorani attack

WASHINGTON: The United States has strongly condemned the terror attack on Shah Noorani.

Published 15 Nov, 2016 06:33am

Asia

Obama leaves US on final foreign trip -- to Greece, Germany and Peru

WASHINGTON: US President Barack Obama headed across the Atlantic late Monday on his final foreign trip while in office -- a farewell tour of Europe and a summit with Asia-Pacific leaders to reassure concerned allies after Donald Trump's election.

Published 15 Nov, 2016 06:17am

Financial

Most Asian markets up after sell-off but Tokyo dips

HONG KONG: Asian markets mostly rose Tuesday after the previous day's broad sell-off, while the dollar dipped against most peers but traders remain on edge over Donald Trump's plans for global trade agreements.

Published 15 Nov, 2016 06:12am

Financial

Tokyo stocks end morning down on profit-taking

TOKYO: Tokyo stocks gave up early gains to end the morning session down on Tuesday, with investors locking in profits after the benchmark gauge ended the previous day at a nine-month high.

Published 15 Nov, 2016 06:02am

Asia

Obama says Trump soon to face sobering 'reality' check

WASHINGTON: President Barack Obama cautioned against dire predictions for Donald Trump's presidency Monday, saying his Republican successor faces a reality check if he tries to enact his most controversial campaign promises.

Published 15 Nov, 2016 06:02am

Sports

Pacquiao teases Mayweather rematch

MANILA: Boxing icon Manny Pacquiao has teased fans about a possible rematch with Floyd Mayweather, smiling as he gamely showed off a suit with pictures of himself and Mayweather on the lining.

Published 15 Nov, 2016 06:01am

Financial

Hong Kong stocks edge back up by lunch

HONG KONG: Hong Kong stocks edged up on Tuesday morning, recovering some of the previous two days' sharp losses, but traders remained on edge over a possible surge in US interest rates under a Donald Trump presidency.

Published 15 Nov, 2016 06:00am

Sports

'Embarrassed' Smith urges Aussie changes

HOBART: "Embarrassed" skipper Steve Smith said Australia needed a shake-up but backed under-fire coach Darren Lehmann after the hosts slumped to a humiliating series defeat to South Africa on Tuesday.

Published 15 Nov, 2016 05:59am

China weakens yuan to eight-year low

SHANGHAI: China on Tuesday weakened the yuan's fix against the dollar to a nearly eight-year low as the surging dollar put further pressure on the unit.

Published 15 Nov, 2016 05:57am

Sports

Du Plessis urges Proteas to go for Aussie jugular

HOBART: South African captain Faf du Plessis on Tuesday urged his victorious team to keep their foot on Australia's throat and go after a series whitewash in next week's final Adelaide Test.

Published 15 Nov, 2016 05:56am

Life & Style

Watch; The fairytale trailer of Emma Watson’s ‘Beauty and the Beast’ is out

The full official trailer for the live-action remake of ‘Beauty and the Beast’ is out and yes, it’s magical.

Published 15 Nov, 2016 05:56am

Industrialists for shunning culture of public holidays

President, Korangi Association of Trade & Industry (KATI), Masood Naqi has expressed reservations over Sindh government's announcement of public holiday on November 15. Naqi and members of others trade bodies said that such sudden announcement of holiday