News Archives for Latest - 2016-11-18

Life & Style

BMW, Baidu joint project on self-driving cars breaks down

GUANGZHOU/WUZHEN: German automaker BMW and Chinese internet giant Baidu will end their joint research on self-driving cars, executives for the two firms said on Friday, with Baidu now searching for new global research partners.

Updated 09 May, 2018 10:07pm

Technology

Antibiotics rendered obsolete - world to witness major AMR epidemic

Human kind has another epidemic brewing as numerous infections are becoming immune to antibiotics. Minor injuries that were once treatable will once again become the bane of our existence leading to mass-deaths in the time to come.

Updated 11 Oct, 2017 07:49am

General News

Marriyum asks Imran to change his ulterior motive not lawyer

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb on Friday advised PTI Chairman Imran Khan to change his ulterior motive rather than changing his legal counsel in Panama Papers case.

Published 18 Nov, 2016 06:58pm

North America

Trump to meet with Romney Saturday: transition team

WASHINGTON: President-elect Donald Trump will meet Saturday with Mitt Romney, one of his top Republican critics, raising speculation that the incoming commander in chief could tap the 2012 presidential nominee for a key cabinet post.

Published 18 Nov, 2016 06:57pm

World Top News

European leaders, Obama vow to hold fast to NATO

BERLIN: US President Barack Obama and top European leaders warned Donald Trump on Friday to stick to a strong transatlantic partnership, urging ongoing NATO cooperation and pressure against Russia.

Published 18 Nov, 2016 06:45pm

Financial

Stocks falter; euro hits dollar low for year

LONDON: European stock markets mostly declined on Friday and the euro struck a near 12-month low against the dollar on sky-high expectations of a US interest rate hike in December.

Published 18 Nov, 2016 06:44pm

Football

Guardiola has sympathy for drink row Rooney

MANCHESTER: Wayne Rooney received support from an unlikely source when Manchester City manager Pep Guardiola revealed Friday he too drank alcohol while on international duty.

Published 18 Nov, 2016 06:43pm

Sports

RugbyU: Time right to spring Boks upset - Italy's Parisse

MILAN: Italy captain Sergio Parisse says the time is right to score a historic win over the wounded Springboks but warned South Africa's trademark power game will get the respect it deserves on Saturday.

Published 18 Nov, 2016 06:41pm

Europe

EU's Tusk stresses Ukraine cooperation in Trump call

BRUSSELS: European Council President Donald Tusk stressed the need for transatlantic cooperation on Ukraine during a phone call Friday with US President-elect Donald Trump, an EU source said.

Published 18 Nov, 2016 06:40pm

General News

Right to self-determination must be given to Kashmiris: AJK president

LAHORE: Azad Jammu and Kashmir (AJK) President Sardar Masood Khan has said no democracy in the world commits such atrocities as being carried out in the occupied Kashmir.

Published 18 Nov, 2016 06:35pm

General News

KATI is willing to become partner in CPEC industries

KARACHI : President, Korangi Association of Trade and Industry (KATI) Masood Naqi has said that country's private industrialists operating in KATI were willing to become partner in the industrial projects under China-Pakistan Economic Corridor (CPEC).

Published 18 Nov, 2016 06:34pm

North America

UN climate conference to Trump: 'We count on your pragmatism'

MARRAKESH: A UN climate conference Friday appealed to the "pragmatism" of president-elect Donald Trump, who has threatened to pull the US out of a global pact to rein in global warming.

Published 18 Nov, 2016 06:33pm

General News

Korea to strengthen cultural relations with Pakistan

ISLAMABAD: First Secretary and Consul of the embassy of the Republic of Korea In Kook Kim on Friday said that South Korea is keen to strengthen cultural relations with Pakistan.

Published 18 Nov, 2016 06:31pm

General News

Adaptation to climate change is of crucial importance to whole SA region: Zahid Hamid

ISLAMABAD: The adaptation to climate change is of crucial importance to the whole South Asian region, home to over a billion people, where many people are living below the poverty line.

Published 18 Nov, 2016 06:29pm

General News

Participants of management course to witness proceedings of Senate

ISLAMABAD: A group of 27 participants of third National Management Development Course for Parliamentary Functionaries will visit the Parliament House on Monday.

Published 18 Nov, 2016 06:28pm

General News

Pakistan's future directly linked with skills development: Bosan

ISLAMABAD: Federal Minister for National Food and Security Sikandar Bosan on Friday said Pakistan's future was directly linked to the development of vocational training sector and a skilled workforce.

Published 18 Nov, 2016 06:28pm

General News

Baloch terms PTI's case on Panama Papers weak

ISLAMABAD: Federal Minister for SAFRON Lt.

Published 18 Nov, 2016 06:26pm

Sports

RugbyU: Racing 92-Munster European clash rescheduled for January 7

PARIS: The European Champions Cup match between Racing 92 and Munster, postponed after the death of the Irish province's coach Anthony Foley, has been rescheduled for January 7, organisers announced Friday.

Published 18 Nov, 2016 06:26pm

Sports

Djokovic expects return to number one

LONDON: Novak Djokovic insists he won't be surprised if he wins his battle with Andy Murray and returns to the top of the world rankings just two weeks after surrendering pole position.

Published 18 Nov, 2016 06:25pm

Sports

Murray qualifies for semi-finals of Tour Finals

LONDON: Andy Murray booked his place in the semi-finals of the ATP Tour Finals on Friday as the world number one won the first set of his group stage match against Stan Wawrinka.

Published 18 Nov, 2016 06:24pm

Europe

Germany buys US house where Thomas Mann lived in exile

BERLIN: Germany has purchased the Californian property where writer Thomas Mann lived for a decade in exile from Nazi rule and hosted other cultural workers persecuted by the regime, the foreign ministry said Friday.

Published 18 Nov, 2016 06:22pm

Europe

EU fails to reach migrant sharing accord

BRUSSELS: EU interior ministers said Friday they remained far from reaching a compromise on how to share the burden of migrants who have entered Europe en masse.

Published 18 Nov, 2016 06:21pm

General News

AJK President meets Punjab Governor

LAHORE: Punjab Governor Malik Muhammad Rafique Rajwana on Friday said that the present government would carry on political, moral and diplomatic support to the people of Kashmir.

Published 18 Nov, 2016 06:20pm

General News

SHC restrains HESCO from severing electricity supply to WASA

HYDERABAD: The Sindh High Court here Friday restrained Hyderabad Electric Supply Company (HESCO) from severing electric supply of Water and Sanitation Agency (WASA).

Published 18 Nov, 2016 06:19pm

General News

Ishaq Dar condoles with Badr's family

LAHORE: Federal Minister for Finance, Senator Muhammad Ishaq Dar here on Friday offered condolence with the family members of late PPP leader Jehangir Badr.

Published 18 Nov, 2016 06:19pm

General News

Potable water right of every citizen: Shehbaz Sharif

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif on Friday said that the Punjab government was implementing a big programme worth billions of rupees for the supply of potable water to the masses.

Published 18 Nov, 2016 06:18pm

General News

UAE delegation calls on Shehbaz Sharif

LAHORE: A high level delegation led by Ambassador of United Arab Emirates Essa Abdulla Al Basha Al Noaimi met Punjab Chief Minister Muhammad Shehbaz Sharif here on Friday.

Published 18 Nov, 2016 06:18pm

General News

1200 cops, 250 volunteers to be deployed for security duty of Chehlum

HYDERABAD: The Hyderabad police will deploy 1,200 policemen assisted by some 250 volunteers for security duty of Chehlum of Hazrat Imam Hussain (RA).

Published 18 Nov, 2016 06:17pm

Business & Economy

Rs 210mn approved for upgradation of DHQ Hospital, rural health centres

DG KHAN: Over Rs 210 million funds would be spent for upgradation of DHQ Hospital Kot Addu and three rural health centres.

Published 18 Nov, 2016 06:15pm

Pakistan Top News

'Argentine wants to strengthen trade, economic ties with Pakistan'

LAHORE: Argentine wants to make its trade and economic ties with Pakistan stronger.

Published 18 Nov, 2016 06:15pm

Financial

Sterling dips but gains for third week against euro

LONDON: Broad gains for the dollar on Friday halted a recovery for sterling even as it registered its third consecutive week of advances against the euro.

Published 18 Nov, 2016 06:02pm

Commodities

Glencore seeks $550mn to raise stakes in Kurdish oil game

LONDON: Glencore is seeking to raise $550 million from investors via a debt issue guaranteed by oil from Iraqi Kurdistan in an attempt to secure a big slice of the high-risk - and high-reward - market in a region at war with Islamic State.

Published 18 Nov, 2016 06:01pm

Financial

Portugal to hold last bond sale of 2016 on Wednesday

LISBON: Portugal will offer up to 750 million euros ($794 million)in 5-year bonds in a regular auction on Nov.

Published 18 Nov, 2016 05:59pm

World

Brazil's Petrobras to get 204mn reais back in corruption probe

SAO PAULO: Brazilian state-controlled oil company Petroleo Brasileiro SA will receive 204.

Published 18 Nov, 2016 05:57pm

Financial

European shares close lower as dollar strength hits miners

MILAN: European equities ended lower on Friday, with mining and energy stocks bearing the brunt of the sell off after commodities prices slipped following a rally in the dollar.

Published 18 Nov, 2016 05:55pm

General News

New grid stations to be established at Matta, Kabal: Muqam

PESHAWAR: Advisor to Prime Minister, Engr Ameer Muqam Friday said that two new grid stations have been approved for Matta and Kabal and work on these projects costing Rs.

Published 18 Nov, 2016 04:26pm

General News

CM Balochistan grieved over ANP leader's death

QUETTA: Chief Minister Balochistan, Nawab Sanaullah Khan Zehri has expressed his deep sorrow and grief over death of Awami National Party leader and ex-senator, Haji Aadeel, said a press release issued by CM Secretariat, here on Friday %D%AThe Chief Minis

Published 18 Nov, 2016 04:23pm

Commodities

Russian gold reserves post large monthly gain to 50.9mn oz

MOSCOW: Russia's gold reserves posted a large monthly gain of 1.

Published 18 Nov, 2016 03:46pm

Financial

Yields flat after touching new highs, on pace for biggest 2-week rise in years

NEW YORK: US Treasury yields touched 2016 highs in early trading on Friday, but retraced those gains and were little changed from late Thursday as markets settled after the whirlwind sell-off since the surprise election of Republican Donald Trump as US pr

Published 18 Nov, 2016 03:44pm

General News

Kaira appointed as PPP Punjab president

LAHORE: Former federal minister Qamar Zaman Kaira has been appointed as president of the Pakistan Peoples Party (PPP) Punjab chapter while Nadeem Afzal Chan will be general secretary.

Published 18 Nov, 2016 03:38pm

General News

Shehbaz Sharif condoles demise of Haji Adeel

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif has expressed deep grief and sorrow over the demise of central leader of Awami National Party (ANP), Haji Muhammad Adeel.

Published 18 Nov, 2016 03:37pm

Sports

Golf: DP World Tour Championship scores

DUBAI: Second round scores in the $8 million DP World Tour Championship on Friday at the Earth course of Jumeirah Golf E

Published 18 Nov, 2016 03:33pm

Sports

Tennis: Djokovic expects return to number one

LONDON: Novak Djokovic insists he won't be surprised if he wins his battle with Andy Murray and returns to the top of the world rankings just two weeks after surrendering pole position.

Published 18 Nov, 2016 03:32pm

World

'Protectionism must be defeated': Peru president

LIMA: Peru's President Pedro Pablo Kuczynski opened a summit of Asia-Pacific leaders Friday urging them to robustly defend free trade against protectionist trends in the United States and Europe.

Published 18 Nov, 2016 03:30pm

Football

Football: Luis Enrique dismisses Messi move speculation

BARCELONA: Barcelona boss Luis Enrique insists Lionel Messi will remain at the Catalan giants for many years to come, but was less explicit over his own future when quizzed on Friday.

Published 18 Nov, 2016 03:29pm

Europe

Amnesty urges Russia to abolish 'foreign agent' law

MOSCOW: Amnesty International on Friday called on Russia to abolish a law targeting overseas-backed campaign groups, which has been used to crack down on more than 100 organisations labelled "foreign agents".

Published 18 Nov, 2016 03:28pm

Industry

Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp

FRANKFURT AM MAIN: Volkswagen on Friday announced the biggest revamp in its history, cutting 30,000 jobs in a huge savings plan to help the German auto giant recover from the dieselgate emissions cheating scandal.

Published 18 Nov, 2016 03:26pm

Football

Football: Wenger more respected than me, complains Mourinho

MANCHESTER: Manchester United manager Jose Mourinho claimed on Friday he is not shown the same respect as his Arsenal counterpart Arsene Wenger, ahead of their Premier League showdown on Saturday.

Published 18 Nov, 2016 03:24pm

Sports

Tennis: Murray and Soares will finish as top doubles pair

LONDON: Britain's Jamie Murray and his Brazilian partner Bruno Soares on Friday learned they will end the year as the world's top ranked doubles pair.

Published 18 Nov, 2016 03:23pm

Sports

Golf: Garcia top in Dubai after late Westwood stumble

DUBAI: A final-hole bogey by overnight leader Lee Westwood handed the lead of the $8 million DP World Tour Championship to Sergio Garcia and Francesco Molinari, while Henrik Stenson remained in control of the Race to Dubai on Friday.

Published 18 Nov, 2016 03:21pm

Financial

European stocks falter; euro hits dollar low for year

LONDON: European stock markets mostly declined on Friday and the euro struck a near 12-month low against the dollar on sky-high expectations of a US interest rate hike in December.

Published 18 Nov, 2016 03:20pm

Sports

RugbyU: Irish have to raise the bar: Best

DUBLIN: If Ireland are to become the first side in seven years to beat world champions New Zealand twice in a row they must play better than they did in Chicago, captain Rory Best claimed on Friday.

Published 18 Nov, 2016 03:19pm

Financial

US stocks flat as dollar continues to soar

NEW YORK: US stocks were flat in early morning trading Friday as the US dollar climbed to its highest level in almost 14 years and major indices remained in near-record territory.

Published 18 Nov, 2016 03:16pm

World Top News

NATO 'absolutely certain' Trump committed to alliance: Stoltenberg

BRUSSELS: NATO chief Jens Stoltenberg on Friday voiced confidence that Donald Trump was committed to the transatlantic alliance, which has stood the test of time for both the United States and Europe.

Published 18 Nov, 2016 03:15pm

Financial

Soaring dollar hits EM assets, Turkish lira at record low

LONDON: Emerging market assets suffered on Friday after Federal Reserve chief Janet Yellen signalled a US rate hike was on track, with Turkey's lira hitting a record low and other currencies also weakening while stocks were poised for a fourth week of

Published 18 Nov, 2016 03:07pm

Commodities

Palm falls for first session in three on weaker rival oils

KUALA LUMPUR: Malaysian palm oil futures dropped on Friday, their first session of losses in three, as they tracked weaker rival oils on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.

Published 18 Nov, 2016 03:05pm

World Top News

UN says working for Yemen peace talks after Kerry's plan

GENEVA: The United Nations said on Friday it was working with Saudi Arabia to try to bring Yemen's government to peace talks after it rejected a plan brokered by the United States.

Published 18 Nov, 2016 03:03pm

Energy

Asia Fuel Oil-180-cst complex strengthens on ample high-vis supplies

SINGAPORE: Asia's benchmark 180-cst fuel oil complex strengthened on Friday after a wave of high viscosity fuel oil arriving in Singapore stoked concerns of cutter stock availability, industry sources said.

Published 18 Nov, 2016 03:02pm

Commodities

Copper heads for biggest weekly fall in a month as dollar soars

LONDON: Copper was heading for its biggest weekly fall in a month on Friday as the dollar soared to a 14-year high and traders decided a rally driven by US president-elect Donald Trump's economic policies was overdone, for now.

Published 18 Nov, 2016 03:01pm

Life & Style

Finding toilets in Pakistan is no easy task

NEW YORK: Pakistan is among the 10 countries where most urban dwellers face scarcity to safe and private toilets, this was revealed by WaterAid, a sanitation charity, in its report on Thursday.

Published 18 Nov, 2016 02:15pm

Energy

Oil set for first weekly gain in five on OPEC deal optimism

LONDON: Brent crude oil prices were headed for their first weekly gain in five on Friday buoyed by renewed hopes that OPEC might agree production cuts, but a stronger US dollar capped gains.

Published 18 Nov, 2016 02:06pm

Industry

Eni signs off on plans for Mozambique gas development

MILAN: Eni on Friday finalised plans to develop Mozambique's Coral South offshore gas project, part of a larger scheme that will see Italy's top energy company and partners spend an estimated $50 billion.

Published 18 Nov, 2016 02:04pm

Money & Banking

Irish central bank faces conflict of interest in mortgage role, ECB says

FRANKFURT: The Central Bank of Ireland faces a conflict of interest from its new role assessing competition in the Irish market for mortgage loans and giving lenders directions on variable interest rates, the European Central Bank said on Friday.

Published 18 Nov, 2016 02:02pm

World

Chile's economy in Q3 grows 0.6pc qtr/qtr

SANTIAGO: Chile's gross domestic product grew 0.

Published 18 Nov, 2016 01:58pm

Financial

Sri Lankan shares fall for fifth straight session; tax proposals weigh

COLOMBO: Sri Lankan shares ended for a fifth straight session of declines on Friday, and reached their lowest closing level in more than four months, in thin volume as investor sentiment was hit by budget tax proposals.

Published 18 Nov, 2016 01:56pm

Energy

Asia Naphtha/Gasoline-Crack spreads widen on firm demand

SINGAPORE: Asia's gasoline crack spread hit a two-week high of $9.

Published 18 Nov, 2016 01:52pm

Financial

Sri Lankan rupee falls on capital outflow fears

COLOMBO: The Sri Lankan rupee ended weaker on Friday on persistent worries of capital outflows as incoming President Donald Trump's policies are seen aiding higher US interest rates and a strong dollar.

Published 18 Nov, 2016 01:50pm

Europe

EU watchdogs to get more powers to freeze bank payments

BRUSSELS: Euro zone banks could be forced by watchdogs to suspend their payments to some creditors for a maximum of five days if there are risks of bank failure, a draft EU law said, granting regulators power to intervene early to prevent crisis.

Published 18 Nov, 2016 01:49pm

Football

Soccer-Bayern's Robben, Martinez, Coman miss Dortmund game

BERLIN: Bundesliga leaders Bayern Munich will be without winger Arjen Robben, who was ruled out with a muscle injury he sustained on international duty, when they take on league rivals Borussia Dortmund, coach Carlo Ancelotti said on Friday.

Published 18 Nov, 2016 01:47pm

Money & Banking

ECB's Draghi, Weidmann differ on inflation ahead of key decision

FRANKFURT: European Central Bank chief Mario Draghi said on Friday the rebound in euro zone inflation was weak, while his top critic, Bundesbank head Jens Weidmann, said price pressures would build eventually and 'extra care' was needed with even

Published 18 Nov, 2016 01:44pm

Europe

IMF: Ukraine needs proper 2017 budget, reforms to secure loans

KIEV: Ukraine must approve a suitable 2017 budget and step up anti-corruption efforts to secure more loans under a $17.

Published 18 Nov, 2016 01:40pm

Middle East

OPEC moves closer to oil output deal as Iran gets new offer

DOHA: OPEC is moving closer towards finalising this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said on Friday.

Published 18 Nov, 2016 01:39pm

World Top News

Obama, EU leaders agree to maintain cooperation via NATO after Trump victory

BERLIN: US President Barack Obama and European leaders agreed in Berlin on Friday that they needed to keep working together as part of multilateral bodies like NATO and to press ahead with the transatlantic agenda, the White House said in a statement.

Published 18 Nov, 2016 01:35pm

Sports

Rugby-England players earn 22,000 pounds, Fiji's get 400

LONDON: Two Fijians playing at Twickenham this Saturday will each earn 22,000 pounds ($27,313) for their efforts while 23 others from the Pacific island nation will pocket just 400 pounds.

Published 18 Nov, 2016 01:34pm

Sports

Rugby-Argentina and Scotland lock horns in key ranking tussle

LONDON: Argentina's match with Scotland in Edinburgh on Saturday carries extra importance with both vying for a place in the top eight of the world rankings and an easier draw for the 2019 World Cup.

Published 18 Nov, 2016 01:31pm

Money & Banking

Deutsche Bank CEO says monetary policy working against banks

FRANKFURT: Deutsche Bank Chief Executive John Cryan said on Friday that ultra-loose monetary policy by central banks was hindering lenders' ability to spur economic growth.

Published 18 Nov, 2016 01:30pm

Europe

Putin, Obama likely to talk on sidelines of Lima summit

MOSCOW: Russian President Vladimir Putin and US President Barack Obama are likely to talk informally on the sidelines of an Asia-Pacific summit in Peru's capital this weekend, Kremlin spokesman Dmitry Peskov said on Friday.

Published 18 Nov, 2016 01:28pm

Financial

Dollar heads for best fortnight vs yen since 1988

LONDON: The dollar powered to its highest levels since 2003 against a basket of currencies on Friday, with Donald Trump's victory in the US presidential election helping to give the greenback its best fortnight against the yen in almost 30 years.

Published 18 Nov, 2016 01:27pm

World

Chile's president Bachelet says will reshuffle cabinet

SANTIAGO: Chile's President Michelle Bachelet said on Twitter on Friday that she will announce a cabinet reshuffle later in the day, the second government shakeup in a month, as members of her administration free themselves up for 2017 congressional a

Published 18 Nov, 2016 01:26pm

Commodities

Gold slides to 5-1/2 month low on dollar surge

LONDON: Gold hit its lowest since late May on Friday as the dollar surged to a near 14-year peak on expectations for a US rate hike next month and higher fiscal spending from US President-elect Donald Trump's incoming administration.

Published 18 Nov, 2016 01:24pm

Financial

Italy bonds set for fourth straight week of losses

LONDON: Italy's borrowing costs were set to climb for the fourth straight week on Friday, as the country bears the brunt of a sell-off that has gripped global bond markets.

Published 18 Nov, 2016 01:23pm

Europe

Greece prepares sale of 5 pct stake in telecoms group OTE

ATHENS: Greece has transferred a 5 percent stake it owns in telecoms group OTE to the country's privatisation agency (HRADF), opening the way for the sale of the stake.

Published 18 Nov, 2016 01:19pm

Europe

Italy's maverick 5-Star Movement faces difficult path to power after referendum

ROME: If Italian Prime Minister Matteo Renzi loses his referendum on constitutional reform, the chances of the anti-establishment 5-Star Movement winning power will recede rather than grow.

Published 18 Nov, 2016 01:17pm

North America

Trump taps Sessions for AG, Pompeo for CIA

NEW YORK: US President-elect Donald Trump has tapped three senior leaders of his national security and law enforcement teams, choosing Senator Jeff Sessions for attorney general, Representative Mike Pompeo as CIA director and General Mike Flynn as nationa

Published 18 Nov, 2016 01:15pm

Financial

Dollar charges to 14-year high, bond tantrum in full swing

LONDON: The dollar climbed to its highest level in almost 14 years against a basket of currencies on Friday, while US bond yields were set for their biggest fortnightly rise in 13 years on bets US inflation and interest rates are headed higher.

Published 18 Nov, 2016 01:14pm

Industry

LafargeHolcim's higher payout fails to cheer investors

ZURICH: Building materials group LafargeHolcim lowered its profit target for the medium term on Friday, overshadowing its proposal to increase its dividend by a third and buy back its own shares.

Published 18 Nov, 2016 01:12pm

Commodities

Raw sugar rebounds from 2-month low, coffee prices ease

LONDON: Raw sugar futures turned higher on Friday after earlier dipping to a two-month low as technical indicators suggested the market was oversold following this week's decline.

Published 18 Nov, 2016 01:10pm

Commodities

Russia gold reserves edge up to 50.9mn oz as of Nov. 1

MOSCOW: Russia's gold reserves totalled 50.

Published 18 Nov, 2016 01:09pm

Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Friday having 42324.

Published 18 Nov, 2016 01:03pm

Life & Style

Kareena Kapoor feels Deepika, Katrina werent good enough for Ranbir Kapoor

Bold and fearless Kareena Kapoor has no qualms about saying whatever she wants on everyones face.

Published 18 Nov, 2016 12:09pm

Cricket

PCB to help Kaneria in finding employment

ISLAMABAD: Pakistan Cricket Board (PCB) will be providing a helping hand to the banned leg-spinner, Danish Kaneria in finding a well-paying permanent employment in any of the cricket playing department.

Published 18 Nov, 2016 11:59am

General News

Pakistan Navy ship to participate in Naval exercise in Turkey

ISLAMABAD: Pakistan Navy Ship, PNS ALAMGIR (FFG 260) with an embarked Z9 EC Helicopter onboard, will be visiting Aksaz Naval Base Marmaris harbour from November 19 to December 1.

Published 18 Nov, 2016 11:57am

Business & Economy

US top export destination, China top Import source for Pakistan

ISLAMABAD: The United States of America remained the top export destination of the Pakistani products during the fiscal year 2015, while China was the top import destination from where goods were traded into the country.

Published 18 Nov, 2016 11:56am

General News

Over Rs167.942bn development funds released so far

ISLAMABAD: The government has released Rs167.

Published 18 Nov, 2016 11:53am

Business & Economy

Pakistan, Argentina agree to share knowledge, experiences

ISLAMABAD: Pakistan and Argentina here on Friday agreed for collaborating in field of agriculture development by sharing the knowledge and expertise to enhance per acre crop productivity.

Published 18 Nov, 2016 11:53am

Pakistan Top News

Indian Navy Submarine caught operating south of Pakistani Coast

KARACHI: In order to divert attention from the indigenous freedom movement in Indian Occupied Kashmir, India has persistently embarked upon a series of provocative actions against Pakistan.

Published 18 Nov, 2016 11:46am

General News

10 arrested in transgender torture case: NA told

ISLAMABAD: Minister for Kashmir Affairs and Gilgit-Baltistan Chaudhry Barjees Tahir Friday informed the National Assembly that the Punjab government had taken strict action against the persons involved in torturing a transgendere in Sialkot.

Published 18 Nov, 2016 10:32am

Business & Economy

Weekly inflation witness nominal increase of 0.11pc

ISLAMABAD: The weekly inflation for the week ended on November 17 for the combined income group witnessed an increase of 0.

Published 18 Nov, 2016 10:29am

Cricket

It's celebration time for Pakistan cricket

The second Day of the first Test match between Pakistan and New Zealand, didnt end well for the visitors after Misbah men went all out on a meager score of 133, owing to a good bowling display from New Zealanders and bad shots and timing from the Pakistan

Published 18 Nov, 2016 10:28am

Pakistan Top News

COAS visits alma matar - recalls memories of student life

ISLAMABAD: Chief of Army Staff (COAS) General Raheel Sharif on Friday visited his alma mater, Government College University (GCU) Lahore, and interacted with the students and faculty members.

Published 18 Nov, 2016 10:25am

General News

President grieved over demise of ANP leader Haji Adeel

ISLAMABAD: President Mamnoon Hussain on Friday expressed profound grief and sorrow over the sad demise of Awami National Party (ANP) leader Haji Muhammad Adeel.

Published 18 Nov, 2016 10:23am

Industries & Sectors

Mobilink starts LTE trials

ISLAMABAD: Mobilink and Warid are in process of integrating their networks as subscribers of both the companies would experience 4G Long Term Evolution (LTE) and 3G services on their smartphone devices soon.

Published 18 Nov, 2016 10:21am

General News

Jehangir Badar was man of commitment: Dar

ISLAMABAD: Minister for Finance, Revenue, Statistics and Economic Affairs Muhammad Ishaq Dar on Friday spoke highly of the commitment of former Senator Jehangir Badar.

Published 18 Nov, 2016 10:16am

Business & Economy

Shipping activity at Port Qasim

KARACHI: Three ships CMA CGM Maupassant, Atlantic Glory and New Confidence carrying containers, chemicals, and diesel oil were arranged berthing at Qasim International Container Terminal, Engro Vopak Terminal and FOTCO Oil Terminal respectively on Thursda

Published 18 Nov, 2016 10:14am

Asia

World Internet Conference closes in E China

HANGZHOU: The third World Internet Conference closed Friday in Wuzhen in east China's Zhejiang Province.

Published 18 Nov, 2016 10:13am

General News

ANP leader Haji Muhammad Adeel passes away

PESHAWAR: A veteran politician and senior leader of the Awami National Party, Haji Muhammad Adeel, passed away on Friday morning, due to kidney failure.

Published 18 Nov, 2016 10:11am

Business & Economy

CPEC dream turns into reality as Gwadar Port goes operational

ISLAMABAD: The China Pakistan Economic Corridor (CPEC) had become a reality with the departure of the first trade cargo from Gwadar Port to international destinations, Khaleej Times reported.

Published 18 Nov, 2016 09:59am

Pakistan Top News

New law moved to replace Companies Ordinance

ISLAMABAD: A new Ordinance to replace the present Companies Ordinance was moved to National Assembly Friday to facilitate business community and empowering Securities and Exchange Commission (SECP) to probe money laundering, terror financing and fraud.

Published 18 Nov, 2016 09:59am

Pakistan

Three bills introduced in National Assembly

ISLAMABAD: The National Assembly on Friday witnessed introduction of three bills which were forwarded to the relevant committees for further deliberations.

Published 18 Nov, 2016 09:54am

General News

Murad Ali Shah grieved over death of Haji Adeel

KARACHI: Sindh Chief Minister Syed Murad Ali Shah Friday expressed deep grief and sorrow over the sad demise of Senator and ANP leader Haji Adeel.

Published 18 Nov, 2016 09:54am

General News

Bilawal Bhutto grieved over Haji Mohammad Adeel's death

KARACHI: Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has expressed heartfelt grief and sorrow over the sad demise of former Senator and ANP leader Haji Mohammad Adeel, who passed away in Peshawar on Friday.

Published 18 Nov, 2016 09:53am

Cricket

Fiery Amla defends du Plessis, call ball tampering allegations a joke

South Africa captain Faf du Plessis was charged of ball tapering by the International Cricket Council (ICC) on Friday.

Published 18 Nov, 2016 09:44am

Financial

China 50-year finmin bond yield 3.48pc, 3-month bill at 2.1011pc

SHANGHAI: China's Ministry of Finance auctioned 19 billion yuan ($2.

Published 18 Nov, 2016 08:53am

Commodities

Iron ore to end 5-weeks rally as futures slump; China demand seen capped

MANILA: Spot iron ore prices were headed for their first weekly loss in six on Friday, as sliding futures and signals of slower Chinese demand for the steelmaking raw material pulled the commodity away from a two-year high.

Published 18 Nov, 2016 08:50am

Commodities

Palm heads for first session of fall in three on weaker rival oils

KUALA LUMPUR: Malaysian palm oil futures dropped in first-half trade on Friday and were headed for their first session of fall in three, tracking weaker rival oils on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.

Published 18 Nov, 2016 08:47am

Money & Banking

ANZ's sale of insurance unit attracts Meiji Yasuda, AIA Group

SYDNEY/SINGAPORE/TOKYO: Australia and New Zealand Banking Group's sale of its life insurance and wealth business, which has been valued at $3.

Published 18 Nov, 2016 08:46am

Commodities

CBOT soybeans may fall to $9.75

SINGAPORE: CBOT soybeans Jan.

Published 18 Nov, 2016 08:44am

Financial

Hot China house prices cool in October as curbs on speculation bite

BEIJING: China's booming property market showed early signs of a softening in October after a fast and furious price rally that propped up economic growth this year.

Published 18 Nov, 2016 08:43am

Commodities

CBOT corn remains neutral in $3.37 to $3.42-1/4 range

SINGAPORE: CBOT December corn remains neutral in a range of $3.

Published 18 Nov, 2016 08:40am

Money & Banking

Indonesia central bank says room for monetary easing 'increasingly thin'

JAKARTA: Indonesia's central bank governor said on Friday that room for monetary easing was becoming "increasingly thin" amid efforts to maintain economic stability.

Published 18 Nov, 2016 08:38am

Commodities

CBOT wheat may slide to $3.96-1/2

SINGAPORE: CBOT December wheat may slide to $3.

Published 18 Nov, 2016 08:38am

Managed Funds

JGB yields rise to 9-month high, feeling the tug of US Treasuries

TOKYO: Japanese government bond yields rose to nine-month highs on Friday, feeling the strong tug of their surging US counterparts, in developments expected to test the Bank of Japan's (BOJ) resolve to control the yield curve.

Published 18 Nov, 2016 08:29am

Financial

Sri Lankan rupee edges down on capital outflow fears

COLOMBO: The Sri Lankan rupee fell on Friday on persistent worries of capital outflows as incoming President Donald Trump's policies are seen aiding higher US interest rates and a strong dollar.

Published 18 Nov, 2016 08:28am

Commodities

NY sugar may seek support at 20.04 cents

SINGAPORE: New York March sugar may seek a support at 20.

Published 18 Nov, 2016 08:26am

Industry

Volkswagen to cut 30,000 jobs at VW brand by 2021

WOLFSBURG: German carmaker Volkswagen and its powerful labour unions have agreed a turnaround plan involving 30,000 job cuts by 2021 at its core brand to boost profitability and fund a post-dieselgate shift to electric and self-drive cars, a source told R

Published 18 Nov, 2016 08:26am

Sports

Mayweather says he won't fight again

WASHINGTON: Retired unbeaten former boxing champion Floyd Mayweather says he has retired for good and has no hunger for a ring return, adding he has too much fun traveling the world.

Published 18 Nov, 2016 08:22am

Financial

South Korean won drops further on dollar strength, stocks decline

SEOUL: The South Korean won declined for a second day on Friday as the dollar index hit more than 13-1/2 year high against a basket of major currencies amid expectations that the Fed will raise interest rates in December.

Published 18 Nov, 2016 08:21am

Cricket

South Africa's Du Plessis charged with ball tampering

SYDNEY: The ICC on Friday charged South Africa captain Faf du Plessis with ball tampering after footage emerged of an incident during the second Test against Australia this week.

Published 18 Nov, 2016 08:12am

Financial

South Korea central bank to buy 1.5trn won of KTB on Nov. 21

SEOUL: South Korea's central bank plans to buy 1.

Published 18 Nov, 2016 08:10am

Financial

Dollar hits 13-1/2 year high, US bond yields gain on Trump stimulus bets

TOKYO: The dollar sprinted to a more than 13-1/2 year high against a basket of major currencies on Friday and US debt yields hit near one-year highs on expectations that President-elect Donald Trump's policies will boost the US economy.

Published 18 Nov, 2016 08:06am

Cricket

PCB seeks Misbah replacement after Australian tour

The rise of Pakistan Test skipper Misbah ul Haq, has arguable been one of the best story tales of modern cricket.

Published 18 Nov, 2016 08:06am

Commodities

NY coffee to test $1.5745

SINGAPORE: New York December coffee is expected to test the Nov.

Published 18 Nov, 2016 08:02am

Europe

Turkish police detain 73 academics in Gulen-related probe

ISTANBUL: Turkish police detained 73 academics in dawn raids on Friday targeting followers of US-based cleric Fethullah Gulen, accused by Ankara of orchestrating an attempted coup in July, state-run news agency Anadolu reported.

Published 18 Nov, 2016 07:58am

Pakistan Top News

RECORDER REPORT: PSX mid day update

KARACHI: On Friday, until mid day, KSE-100 Index was at 42434.

Published 18 Nov, 2016 07:53am

Industry

China SUV wars to heat up as Volkswagen unveils two new models

GUANGZHOU: Volkswagen AG unveiled two sport-utility vehicles for the Chinese market on Friday, the first in a planned wave of new models for a booming segment where it has lagged rivals.

Published 18 Nov, 2016 07:43am

Industries & Sectors

PAAPAM eyes orders for Fiat Chrysler

MUHAMMAD ALI%D%A%D%AKARACHI: Pakistan Association of Automotive Parts and Accessories (PAAPAM) has expressed optimism to get orders from the American auto parts manufacturer for a new model of Fiat Chrysler, expected to be launched in 2017-18.

Published 18 Nov, 2016 07:38am

North America

Japan PM confident in Trump's diplomacy debut

NEW YORK: Japan's prime minister voiced confidence Thursday about Donald Trump as he became the first foreign leader to meet the US president-elect, who was narrowing in on cabinet choices.

Published 18 Nov, 2016 07:33am

Football

Rooney in a fix as Arsenal gun for Man United

LONDON: Damaged and derided, Wayne Rooney embodies Manchester United's delicate current predicament as they prepare for Arsenal's visit to Old Trafford in the Premier League on Saturday.

Published 18 Nov, 2016 07:32am

Industry

Microsoft leaders to see pay tied to diversity gains

SAN FRANCISCO: Microsoft on Thursday said it is looking to link some executive pay to team diversity gains as part of a drive to increase the number of women and minority workers.

Published 18 Nov, 2016 07:32am

Pakistan Top News

SBP calls for tax system reforms

RECORDER REPORT%D%AKARACHI: The State Bank of Pakistan (SBP) said Thursday despite improvements in tax collection, the developments during the years exposed some inherent weaknesses in the tax system.

Published 18 Nov, 2016 07:23am

North America

Trump offers national security adviser post to Flynn

WASHINGTON: President-elect Donald Trump has offered the influential post of national security adviser to his controversial campaign adviser, former general Michael Flynn, US media reported Trump officials as saying Thursday.

Published 18 Nov, 2016 07:16am

Cricket

Grand debut for de Grandhomme as Kiwis take charge

CHRISTCHURCH: Late bloomer Colin de Grandhomme celebrated his first international call-up with record New Zealand debut bowling figures of 6-41 as Pakistan crumbled in their first innings of the opening Test on Friday.

Published 18 Nov, 2016 07:14am

Money & Banking

Malaysia intervenes to help sagging ringgit

KUALA LUMPUR: Malaysia's central bank is intervening in markets to support the beleaguered ringgit, an official said on Friday, as regional authorities grapple with a surging dollar.

Published 18 Nov, 2016 07:12am

Cricket

India 415-7 at lunch in second England Test

VISAKHAPATNAM: Skipper Virat Kohli was out for 167 as India reached 415 for seven at lunch on day two of the second Test against England in Visakhapatnam on Friday.

Published 18 Nov, 2016 07:07am

Financial

Tokyo stocks close at 10-month high

TOKYO: Tokyo stocks rallied Friday as the yen sank against the dollar on rising expectations of a US rate hike next month, with the benchmark index hitting a 10-month high.

Published 18 Nov, 2016 07:07am

Industry

South Korea blocks Google export of map data

SEOUL: South Korea on Friday rejected Google's request to export government-supplied data for its global mapping service, arguing it would make the country more vulnerable to attack by North Korea.

Published 18 Nov, 2016 07:04am

Pakistan Top News

Pakistan lost $118.3bn to war on terror: SBP

RIZWAN BHATTI%D%AKARACHI: The country has suffered direct and indirect losses from terrorism to the tune of $118.

Published 18 Nov, 2016 06:41am

Arts

Bird resembling Donald Trump becomes star attraction at Chinese safari park

A golden pheasant at the Hangzhou zoo has become an international sensation, since many think it resembles a lot from newly elected US President Donald Trump.

Published 18 Nov, 2016 06:32am

Life & Style

Celebration time for Sania Mirza, Shoaib Malik

November 18 is a big day for Sania Mirza and her entire family, as her younger sister Anam Mirza will be getting hitched to a Hyderabad-based businessman, Akbar Rasheed in a private ceremony in Hyderabad.

Published 18 Nov, 2016 06:01am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi