News Archives for Latest - 2016-11-22

Life & Style

Nissan sells autoparts firm stake in corporate shakeup

TOKYO: Nissan said Tuesday it is selling its stake in auto parts company Calsonic Kansei as the Japanese firm casts off non-core businesses to focus on electric vehicles and self-driving cars.

Updated 08 May, 2018 06:47pm

Technology

The latest WhatsApp video-calling scam

Earlier this week, WhatsApp had launched its highly awaited video calling feature across all Phone platforms, after only testing it for months before introducing it for commercial use. As word of the new feature rolled out, many users reportedly started r

Updated 10 Oct, 2017 10:33am

General News

SC adjourns hearing regarding bifurcation of Kohistan into two districts till Wednesday

ISLAMABAD: The Supreme Court Tuesday adjourned hearing of the case challenging Peshawar High Court (PHC) judgement over suspension of notification regarding bifurcation of district Kohistan into two districts under the Khyber-Pakhtunkhwa Local Government

Published 22 Nov, 2016 06:38pm

General News

NDMA provides 2000 tents to displaced persons

ISLAMABAD: National Disaster Management Authority (NDMA) has handed over 2000 winterized tents to the State Disaster Management Authority (SDMA).

Published 22 Nov, 2016 06:37pm

Financial

Saudi shares rebound, outperform rest of Gulf

DUBAI: Saudi Arabian stocks rebounded on Tuesday as oil prices hit a one-month high, outperforming other stock markets in the Gulf where traders booked profits.

Published 22 Nov, 2016 05:53pm

Middle East

Opposition groups agree Syria's Assad must go: Germany's Steinmeier

BERLIN: Despite all their differences, opposition groups in Syria agree that there cannot be a future with Syrian President Bashar al-Assad, German Foreign Minister Frank-Walter Steinmeier told a conference hosted by his Social Democrat party on Tuesday.

Published 22 Nov, 2016 05:52pm

World

US to probe imported Chinese sweeteners amid Celanese complaint

WASHINGTON: The United States on Tuesday said it would investigate imports by three Chinese chemical companies that make high-potency sweeteners amid a complaint by Celanese Corp that the companies were violating US law.

Published 22 Nov, 2016 05:50pm

Industry

US grants Airbus license to sell 106 planes to Iran

WASHINGTON: The US Treasury Department has issued a license to France's Airbus for the sale of 106 commercial planes to Iran Air, Iran's flagship carrier, a source familiar with the matter said on Tuesday.

Published 22 Nov, 2016 05:48pm

General News

CM condemns blast near vehicle of security personnel in Peshawar

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif on Tuesday strongly condemned blast near a vehicle of security personnel in Peshawar.

Published 22 Nov, 2016 05:46pm

North America

US existing home sales hit more than 9-1/2-year high

WASHINGTON: US home resales rose in October to their highest level in more than 9-1/2 years amid pent-up demand, offering more evidence of a pickup in economic growth early in the fourth quarter.

Published 22 Nov, 2016 05:45pm

General News

SHC CJ refuses to hear May 12 tragedy petition

KARACHI: Sindh High Court (SHC) Chief Justice Sajjad Ali Shah Tuesday refused to hear a petition seeking formation of a larger bench regarding May 12 tragedy, saying he was among the affected of the same tragedy.

Published 22 Nov, 2016 05:45pm

Commodities

US Cash Soymeal-Basis flat on light pre-holiday trade

CHICAGO: Spot basis offers for US soymeal were unchanged on Tuesday in thin trading ahead of Thursday's US Thanksgiving Day holiday, dealers said.

Published 22 Nov, 2016 05:45pm

Financial

TSX extends 17-month high helped by miners, banks

TORONTO: Canada's main stock index gained in morning trade on Tuesday, extending a 17-month high as base metal mining and banking shares rose.

Published 22 Nov, 2016 05:43pm

Financial

Sterling slips in volatile price action

LONDON: Sterling fell back to around $1.

Published 22 Nov, 2016 05:43pm

Financial

South Africa's rand firms, stocks rise in emerging assets recovery

JOHANNESBURG: South Africa's rand firmed on Tuesday alongside other emerging market currencies, helped by higher commodity prices and a pause in the rise of the dollar.

Published 22 Nov, 2016 05:41pm

General News

PEMRA issues show cause notice to ARY News

ISLAMABAD: Pakistan Electronic Media Regulatory Authority (PEMRA) on Tuesday issued show cause notice to ARY News TV for telecast of irresponsible and unprofessional remarks about Chief of Army Staff (COAS) on November 11.

Published 22 Nov, 2016 05:41pm

Commodities

Raw sugar futures fall to two-month low as funds sell

LONDON: Raw sugar futures fell to a two-month low on Tuesday on technically-driven fund selling as the market tested support around 20 cents a lb on the March contract.

Published 22 Nov, 2016 05:40pm

Energy

OPEC to debate oil output cut next week but Iraq, Iran hesitate

VIENNA/DUBAI: OPEC will debate an oil output cut of 4.

Published 22 Nov, 2016 05:39pm

General News

Fazlur Rehman meets Shehbaz Sharif

LAHORE: Head of Jamiat Ulema-e-Islam (F) and Chairman Kashmir Committee Maulana Fazlur Rehman met Punjab Chief Minister Muhammad Shehbaz Sharif, here on Tuesday.

Published 22 Nov, 2016 05:38pm

Energy

Oil prices little changed after early gains on OPEC deal hopes

NEW YORK: Oil prices were little changed on Tuesday after earlier rising to their highest levels this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and strike a deal to reduce crude output.

Published 22 Nov, 2016 05:38pm

Front Top News

People of Balochistan helped state in busting foreign sponsored terror net: COAS

QUETTA: Chief of Army Staff General Raheel Sharif on Tuesday said the people of Balochistan had clearly rejected foreign sponsored terrorists and helped the state in busting their network.

Published 22 Nov, 2016 05:37pm

Europe

Italy court rejects appeal against constitutional referendum

ROME: A Rome court on Tuesday rejected an appeal against the wording of a Dec.

Published 22 Nov, 2016 05:36pm

World

IMF says Bosnia must adopt key reform laws to get cash early in 2017

SARAJEVO: The International Monetary Fund agreed to resume its aid programme to Bosnia and disburse a new tranche under its 553.

Published 22 Nov, 2016 05:35pm

General News

Safe City project to provide peaceful environment to people: CM

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif Tuesday presided over a meeting to review progress on Safe City Project and different matters regarding the project.

Published 22 Nov, 2016 05:35pm

Commodities

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

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 22 Nov, 2016 05:35pm

Money & Banking

Nigeria central bank holds benchmark interest rate at 14pc

LAGOS: Nigeria's central bank kept its main interest rate on hold on Tuesday for the second month in a row, as Africa's biggest economy contends with its first recession in 25 years due to low oil prices combined with high inflation.

Published 22 Nov, 2016 05:34pm

Europe

JPMorgan says French labour law in way of big move to Paris post Brexit

PARIS: JPMorgan would be reluctant to move many jobs to Paris following Britain's exit from the European Union because of France's protectionist labour laws, the US-based investment bank's France head told Reuters on Tuesday.

Published 22 Nov, 2016 05:33pm

Financial

Brazil shares up as pulp producers, steelmakers rally

SAO PAULO: Brazilian stocks rose on Tuesday as hopes of higher prices of basic products lifted shares of miners, steelmakers and pulp producers.

Published 22 Nov, 2016 05:31pm

Financial

C$ hits nearly 2-week high amid OPEC optimism

TORONTO: The Canadian dollar strengthened to a nearly two-week high against its US counterpart on Tuesday as investors weighed prospects of an output cut by major oil producers and domestic retail sales rose for the first time in three months.

Published 22 Nov, 2016 05:30pm

North America

Trump will meet Tuesday with New York Times

WASHINGTON: US President-elect Donald Trump will meet on Tuesday with journalists from The New York Times, a spokeswoman said hours after his posts on Twitter canceling the meeting.

Published 22 Nov, 2016 05:30pm

Commodities

Raw sugar futures hit 2-month low as funds sell

LONDON: Raw sugar futures fell to a two-month low on Tuesday as funds liquidated long positions, with the market's recent downtrend beginning to gather pace.

Published 22 Nov, 2016 05:29pm

World

Trump's daughter Ivanka joined call with Argentina's Macri

BUENOS AIRES: Ivanka Trump, daughter of US President-elect Donald Trump, briefly joined her father's telephone call with Argentine President Mauricio Macri earlier this month, Macri's spokesman said on Tuesday.

Published 22 Nov, 2016 05:28pm

Commodities

Gold slips as equities, dollar rise

LONDON: Gold edged lower on Tuesday after US equities hit all-time highs on market expectations for higher growth and more spending from a Donald Trump presidency.

Published 22 Nov, 2016 05:27pm

Commodities

EU wheat mixed in technically driven trade

PARIS: European wheat futures were narrowly mixed on Tuesday as Euronext saw more technically driven trade in the run-up to the expiry of December futures, while a slight fall in the euro and an easing in US prices failed to give clear direction.

Published 22 Nov, 2016 05:27pm

World

Canada retail sales rise in September, boosted by autos

OTTAWA: Canadian retail sales picked up in September as auto purchases climbed for the first time in three months on demand for new cars, data from Statistics Canada showed on Tuesday, reinforcing expectations that economic growth rebounded in the third q

Published 22 Nov, 2016 05:26pm

Europe

EU proposes US-style rules to give failing firms second chance

BRUSSELS: Companies would be given more breathing space to restructure their debts in times of crisis under a European Union draft law unveiled on Tuesday, inspired by US insolvency rules and aimed at avoiding bankruptcies and saving jobs.

Published 22 Nov, 2016 05:25pm

World

IMF cuts Mexico growth outlook amid trade worries

MEXICO CITY: Mexico is facing risks to its growth from trade protectionism, the International Monetary Fund said on Tuesday, as it cut its growth forecast for the coming years for Latin America's No.

Published 22 Nov, 2016 05:25pm

World

Euro zone consumer confidence rises to -6.1 in Nov

BRUSSELS: Euro zone consumer confidence rose much more than expected by economists in November, figures released by the European Commission on Tuesday showed.

Published 22 Nov, 2016 05:24pm

World

Brazil raises revenues forecast with amnesty program proceeds

BRASILIA: The Brazilian government increased its revenues estimate for 2016 by 26.

Published 22 Nov, 2016 05:24pm

Europe

EU lawmakers endorse joint European defence plans after Trump victory

BRUSSELS: The European Parliament on Tuesday backed an EU plan to deepen coordination of member states' defence policies and rely less on the United States, driven in part by US President-elect Donald Trump's suggestion he may scale back protectio

Published 22 Nov, 2016 05:23pm

Financial

Dollar regains footing as US data boosts multiple rate hike view

NEW YORK: The dollar resumed its uptrend on Tuesday, helped by a surge in US existing home sales last month that further cemented expectations not only of a Federal Reserve interest rate hike in December, but also of further tightening next year.

Published 22 Nov, 2016 05:22pm

World

Colombia's FARC reject Uribe's offer to meet over peace accord

BOGOTA: Colombia's Marxist FARC rebels on Tuesday rejected an invitation by opposition leader and former President Alvaro Uribe to discuss the latest peace accord and see if more modifications to the complex deal are possible.

Published 22 Nov, 2016 05:21pm

Asia

Chile foreign minister says to deepen trade ties with China

SANTIAGO: Chile's Foreign Minister Heraldo Munoz said in a press conference on Tuesday that China and Chile plan to ink an agreement to deepen bilateral trade ties during Chinese President Xi Jinping's visit to the South American nation.

Published 22 Nov, 2016 05:17pm

World

Hungarian wage deal helps rebound, central bank cuts o/n rate

BUDAPEST: Central European assets firmed on Tuesday as investors unwound selling positions in emerging markets and Hungary agreed an increase of 15 percent to its minimum wage, a move seen boosting economic growth.

Published 22 Nov, 2016 05:17pm

Pakistan Top News

Pakistan's protest to India over ceasefire violations on LoC

ISLAMABAD: The Director General (SA & SAARC), Dr.

Published 22 Nov, 2016 04:49pm

General News

Date of By-poll in NA-258 Karachi extended

KARACHI: The Election Commission of Pakistan (ECP) on Tuesday in a partial modification of a notification containing the date of poll for by-election in constituency No.

Published 22 Nov, 2016 04:23pm

Pakistan Top News

Defence production aimed at maintaining balance of power: President

KARACHI: President Mamnoon Hussain Tuesday said that Pakistan has kept the region safe from any mishap by maintaining nuclear balance, and the purpose of increase in defence production is also to maintain balance of power in the region.

Published 22 Nov, 2016 04:20pm

General News

SC adjourns hearing of review appeal regarding payment of pensions to retired employees

ISLAMABAD: The Supreme Court on Tuesday adjourned hearing of the review appeal regarding payment of pensions to retired employees of Pakistan Telecommunication Company Limited (PTCL) till November 30.

Published 22 Nov, 2016 04:15pm

General News

KU announces results of MBBS 1st & 2nd professional supply exam 2016

KARACHI: The University of Karachi on Tuesday announced the results of MBBS First and Second Professional Supplementary Examinations 2016.

Published 22 Nov, 2016 04:15pm

General News

Punjab to hold anti-polio drive in eight districts from Nov 23

LAHORE: Punjab will hold anti-polio campaign in eight districts from November 23 to 25 as part of the Sub National Immunization Day.

Published 22 Nov, 2016 04:13pm

General News

SECP clarifies regarding preparation of financial statements

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), vide its Circular No 36 of 2016, has issued clarification regarding preparation of financial statements by the companies, subsequent to the promulgation of the new Companies Ordinance,

Published 22 Nov, 2016 04:12pm

General News

Govt to fully facilitate Chinese investors in country: Dastgir

ISLAMABAD: Minister for Commerce, Engr.

Published 22 Nov, 2016 04:11pm

North America

Over half of world's population does not use internet: UN

GENEVA: More than half the world's population does not use the internet, with prohibitive broadband costs keeping billions off line, a United Nations report said Tuesday.

Published 22 Nov, 2016 04:10pm

Front Top News

IDEAS 2016 to help promote knowledge based economy: Business leader

KARACHI: A leading industrialist and exporter of Pakistan and Honorary Consul General of Ukraine, Engr.

Published 22 Nov, 2016 04:04pm

World

EU takes on US in tit-for-tat bank row

BRUSSELS The EU will require big foreign banks operating in Europe to set aside billions in reserve funds in a tit-for-tat move against the United States that could also affect post-Brexit Britain, a draft proposal seen by AFP said.

Published 22 Nov, 2016 04:02pm

General News

CJ refuses to hear May 12 tragedy petition

KARACHI: The Chief Justice of Sindh High Court (SHC) Mr. Justice Sajjad Ali Shah Tuesday refused to hear a petition seeking formation of a larger bench regarding May 12 tragedy, terming that he was among affectees of the same tragedy. %D%A

Published 22 Nov, 2016 04:00pm

Cricket

Ex-cricketers, EX-PCB Chairman demand ban on Kohli

ISLAMABAD: Former Pakistani cricketers and former Pakistan Cricket Board (PCB) Chairman on Tuesday demanded the International Cricket Council (ICC) to ban Indian skipper Virat Kohli for ball-tampering.

Published 22 Nov, 2016 03:48pm

General News

Prime Minister visits Governor Sindh

KARACHI: Prime Minister Muhammad Nawaz Sharif on Tuesday visited Governor Sindh Justice (Retd) Saeed-uz-Zaman Siddiqui at a local hospital and inquired about his welfare and wished him early recovery.

Published 22 Nov, 2016 03:16pm

Pakistan Top News

DTH game changer for cable, media industry: Absar

ISLAMABAD: Pakistan Electronic Media Regulatory Authority (PEMRA) Chairman Absar Alam Tuesday said the direct- to-home (DTH) service would prove to be a game changer in the cable and media industry of the country.

Published 22 Nov, 2016 03:15pm

Football

Pavoletti blow for Genoa

MILAN: Genoa striker Leonardo Pavoletti is expected to be ruled out until January after suffering a knee injury during last weekend's defeat to Lazio.

Published 22 Nov, 2016 03:06pm

General News

Bilawal condemns bomb blast in Peshawar

KARACHI: Chairman Pakistan People's Party Bilawal Bhutto Zardari has condemned the terrorist bomb blast resulting in martyrdom of three officers of Frontier Constabulary and injuries to others in Peshawar on Tuesday.

Published 22 Nov, 2016 02:57pm

General News

78 Ambassadors/High commissioners posted abroad: Senate told

ISLAMABAD: Advisor to the Prime Minister on Foreign Affairs Sartaj Aziz informed the Senate on Tuesday that a total 78 Ambassadors/High commissioners of Pakistan and 119 Pakistan Missions were posted in various countries.

Published 22 Nov, 2016 02:55pm

General News

Priority being accorded to facilitate unconnected: Anusha

ISLAMABAD: Minister for Information Technology and Telecommunications Anusha Rahman Tuesday said focus was being given on "broadband connectivity & provision" to materialize dream of Digital Pakistan by 2018.

Published 22 Nov, 2016 02:52pm

General News

NA rejects minimum fixation of pension at Rs 50,000 per month

ISLAMABAD: National Assembly on Tuesday unanimously rejected the minimum fixation of pension of government employees at Rs 50,000 per month, which was moved the motion by Parveen Masood Bhatti.

Published 22 Nov, 2016 02:50pm

World Top News

Pak forces giving befitting response to unprovoked Indian firing: Sartaj

ISLAMABAD: Advisor to the Prime Minister on Foreign Affairs Sartaj Aziz Tuesday, while strongly condemning unprovoked Indian firing over Line of Control (LoC) and Working Boundary, apprised the Senate that the Pakistan's armed forces were giving a bef

Published 22 Nov, 2016 02:49pm

General News

Pakistan always talk for regional peace: Qayyum

ISLAMABAD: Pakistan Muslim League - Nawaz (PML-N) Senator Lt General (Retd) Abdul Qayyum has said Pakistan wanted good relations with all neighboring countries and always talked about regional peace.

Published 22 Nov, 2016 02:31pm

General News

Nigerian, Egyptian ministers call on Khawaja Asif

ISLAMABAD: Nigerian Defence Minister Mansur Muhammad Dan Ali and Egyptian Minister for Military Production Gen (Retd.

Published 22 Nov, 2016 02:29pm

Commodities

Copper climbs on inflation bets, tighter supply

LONDON: Copper rallied 2 percent to a one week high on Tuesday, powered by signs of tighter supply and as investors betting on rising US inflation and a further depreciation of the yuan bought the metal as a hedge.

Published 22 Nov, 2016 02:14pm

General News

IDEAS-2016 to promote defence products : Rana Tanveer

KARACHI : Federal Minister for Defence Production Rana Tanveer Hussain , while speaking at the inaugural ceremony of 9th International Defence Exhibition and Seminar IDEAS-2016, said that this event will provide a great opportunity to Pakistan especially

Published 22 Nov, 2016 02:13pm

Energy

Asia Naphtha/Gasoline-Naphtha down despite buying interest

SINGAPORE: Asia's naphtha crack for first-half January was at a four-session low of $79.

Published 22 Nov, 2016 02:12pm

Energy

Asia-Pacific Crude-Australian condensate premium edges higher

SINGAPORE: Premiums for January-loading Australian North West Shelf (NWS) condensate edged higher on Tuesday, underpinned by Indonesian demand and firm naphtha and gasoline refining margins.

Published 22 Nov, 2016 02:11pm

Europe

Germany's Schaeuble hits back at Brussels in looser-budgets row

BERLIN: The European Commission's call for fiscal stimulus should not be directed at Germany, Finance Minister Wolfgang Schaeuble said on Tuesday, arguing Europe's biggest economy has increased investment more than the euro zone average in the las

Published 22 Nov, 2016 02:09pm

Financial

Sri Lankan shares fall for 7th session; tax proposals weigh on mkt

COLOMBO: Sri Lankan shares extended their falls into a seventh session on Tuesday, posting their lowest close since July 4, as investor sentiment was hit by budget tax proposals, including revisions in corporate and withholding taxes.

Published 22 Nov, 2016 02:07pm

General News

PTV can't recover fee from those having no TV sets: LHC

LAHORE: The Lahore High Court (LHC) on Tuesday disposing of a plea against recovery of PTV fee through electricity bills declaring that the fee could only be recovered from those who possess television sets.

Published 22 Nov, 2016 02:07pm

General News

Power shutdown notice issued for repair, maintenance of electricity lines

FAISALABAD, Nov 22 (APP): Faisalabad Electric Supply Company (Fesco) has issued power shutdown notice for Wednesday due to necessary repair, maintenance and expansion of electricity lines.

Published 22 Nov, 2016 02:06pm

General News

Foreign diplomats meet CM Sindh

KARACHI:Diplomats of two different countries called on Sindh Chief Minister Syed Murad Ali Shah at CM House here on Tuesday.

Published 22 Nov, 2016 02:05pm

General News

ANP announces to support clerks' protest against PTI govt

PESHAWAR: President Awami National Party (ANP) city district Peshawar Ghulam Mustafa on Tuesday announced to support and participate in clerks' protest against Khyber Pakhtunkhwa government for meeting their demands.

Published 22 Nov, 2016 02:04pm

Front Top News

Naval Chief Admiral Zakaullah meets delegations during IDEAS 2016

KARACHI: Delegations from various countries called on Chief of the Naval Staff Admiral Muhammad Zakaullah during the first day of 9th International Defence Exhibition and Seminars (IDEAS) at Expo centre Karachi on Tuesday.

Published 22 Nov, 2016 02:03pm

World Top News

PM takes round of stalls at IDEAS-2016

KARACHI: Prime Minister Muhammad Nawaz Sharif, after inaugurating the 9th International Defence Exhibition and Seminar IDEAS-2016 at Karachi Expo Centre on Tuesday morning, took detailed round of eight expo halls where 480 companies, including local ones,

Published 22 Nov, 2016 01:59pm

Financial

Sri Lankan rupee slips on importer dollar demand

COLOMBO: The Sri Lankan rupee ended slightly weaker on Tuesday due to dollar demand from importers on fears that US President-elect Donald Trump's policies would lead to a rise in rates and the greenback.

Published 22 Nov, 2016 01:54pm

Pakistan Top News

Ishaq Dar directs implementation of Ease of Doing Business Reform Strategy 2016

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has stressed on the need for ensuring coordination between all stakeholders for implementation of Ease of Doing Business Reform Strategy 2016.

Published 22 Nov, 2016 01:54pm

Money & Banking

Investor pain plan could hold key to Monte dei Paschi's future

FRANKFURT/MILAN: Monte dei Paschi di Siena's move to swap debt for shares, pushing losses onto investors, could help Rome resurrect a bid to help the troubled Italian bank, European officials believe.

Published 22 Nov, 2016 01:48pm

Energy

Oil prices rise to highest this month on hopes of OPEC deal

LONDON: Oil prices rose on Tuesday to their highest this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and scepticism to strike a deal that materially reduces crude output.

Published 22 Nov, 2016 01:45pm

Financial

Metals rally helps knock dollar off 13 1/2-year high

LONDON: The dollar retreated from a six-month peak against the yen on Tuesday, while a push higher for copper and iron ore prices drove commodities-linked currencies higher, led by the Australian dollar.

Published 22 Nov, 2016 01:42pm

World

Brazil external gap widens, foreign investment soars

BRASILIA: Brazil's current account deficit shrank in October from the previous month to $3.

Published 22 Nov, 2016 01:40pm

Commodities

Soybeans pause after near one-month high on brisk exports

PARIS/SYDNEY: US soybeans turned slightly lower on Tuesday, easing from a near one-month high earlier in the session as harvest supplies capped an export-fuelled rally in the oilseed market.

Published 22 Nov, 2016 01:38pm

Industry

Lufthansa seeks court ruling to avert pilots' strike

FRANKFURT: Lufthansa has asked a court to issue a temporary injunction to avert a strike by pilots scheduled for Wednesday, the Frankfurt labour court and Lufthansa said.

Published 22 Nov, 2016 01:36pm

Financial

Nigeria to raise 117bn naira treasury bills at auction

LAGOS: Nigeria plans to sell 117.

Published 22 Nov, 2016 01:34pm

Commodities

Gold gains for second day on dollar decline, bargain hunting

LONDON: Gold rose on Tuesday, climbing further away from last week's 5-1/2-month lows on short-covering as the dollar weakened and physical buying in Asia supported prices.

Published 22 Nov, 2016 01:33pm

Industry

Enel goes on digital drive to boost shareholder returns

MILAN: Italy's biggest utility Enel has committed to upgrade its networks to prepare for a digital era when home appliances will be hooked up to the Internet, in a move that will drive fatter shareholder returns.

Published 22 Nov, 2016 01:32pm

Money & Banking

China's AgBank to set up $1.45 billion debt swap subsidiary

BEIJING: Agricultural Bank of China (AgBank) will set up a wholly-owned asset management division to undertake debt-for-equity swaps, the country's third biggest bank by assets said in a filing to the Shanghai Stock Exchange on Tuesday.

Published 22 Nov, 2016 01:31pm

Europe

Turkey-backed forces besiege Syria's al-Bab, eyes on Manbij: Erdogan

ISTANBUL: Turkey-backed forces have besieged the Islamic State-held Syrian town of al-Bab from the west and have set their sites on Manbij for their next offensive, Turkish President Tayyip Erdogan said on Tuesday.

Published 22 Nov, 2016 01:28pm

Europe

EU considering halving crop-based biofuels by 2030

BRUSSELS: The European Commission is considering halving the maximum amount of crop-based biofuels used in transport after 2020 over concerns they increase rather than reduce carbon emissions, according to a draft seen by Reuters.

Published 22 Nov, 2016 01:26pm

Money & Banking

Hungary keeps base rate steady at record low 0.9pc

BUDAPEST: The National Bank of Hungary kept its base rate unchanged at a record low on Tuesday, in line with market expectations, while cutting its overnight collateralised loan rate by 15 basis points to 0.

Published 22 Nov, 2016 01:25pm

Money & Banking

Indonesia central bank to amend reserve requirement rules in 2017

JAKARTA: Indonesia's central bank will introduce rules next year to enhance its monetary operations and the efficiency of the country's payment systems, its governor said on Tuesday.

Published 22 Nov, 2016 01:24pm

Money & Banking

UBS keeps edge in European equity trading, Morgan Stanley leads on research

LONDON: UBS held on to its position as Europe's top equities broker in 2016, according to a Greenwich Associates survey, helped by its strength in algorithmic trading and research.

Published 22 Nov, 2016 01:20pm

Europe

UK finance minister Hammond gets boost from Oct borrowing data

LONDON: British finance minister Philip Hammond got some rare good news about the country's finances on Tuesday as he finalises his first budget statement, which is still likely to forecast a surge in borrowing as Britain prepares to leave the EU.

Published 22 Nov, 2016 01:19pm

Europe

Swiss talks break down in blow for Cyprus peace hopes

NICOSIA: Crunch talks between rival Cypriot leaders on ending the island's decades-old division broke up on Tuesday with the two sides still far apart and no date set for a new round.

Published 22 Nov, 2016 01:01pm

Pakistan Top News

Pakistan searches for powerful new army chief

ISLAMABAD: Pakistan's popular military chief is expected to stand down this week after winning the hearts of millions with his bruising campaign against militants, leaving a vacancy for arguably the most powerful job in the country.

Published 22 Nov, 2016 12:58pm

Europe

Turkey seeks arrest of Syrian Kurdish leader

ISTANBUL: Turkey on Tuesday issued an arrest warrant for the leader of the main Syrian Kurdish political party over a deadly bombing in Ankara in February blamed on Kurdish militants.

Published 22 Nov, 2016 12:43pm

General News

Senate session starts

ISLAMABAD: The session of Senate started here Tuesday at 02:00 pm with recitation of verses from the Holy Quran.

Published 22 Nov, 2016 12:12pm

Front Top News

Pakistan not aloof of threats to S. Asia's strategic balance: Sartaj

ISLAMABAD: Adviser to Prime Minister on Foreign Affairs Sartaj Aziz on Tuesday said Pakistan believes in peaceful coexistence based on mutual respect for sovereignty and territorial integrity, however would not remain aloof to the risks of strategic imbal

Published 22 Nov, 2016 12:03pm

General News

NA rejected minimum fixation of pension at Rs50,000 per month

ISLAMABAD: National Assembly on Tuesday unanimously rejected the minimum fixation of pension at 50,000 per month, which was moved the motion by Parveen Masood Bhatti under the rules 259 that House may discuss the situation arising out of non-fixation of m

Published 22 Nov, 2016 12:01pm

General News

DGSE to get five new buses till next month: Tariq Fazal

ISLAMABAD: Minister for Capital Administration and Development Division Tariq Fazal Chaudhry Tuesday said five new busses would soon be handed over to Director General Special Education (DGSE) till December.

Published 22 Nov, 2016 11:58am

World Top News

Raheel Sharif made country's defence impregnable: Abid Sher Ali

ISLAMABAD: Minister of State for Water and Power Chaudhry Abid Sher Ali on Tuesday said that Army Chief General Raheel Sharif did his job very well and made the country's defence impregnable.

Published 22 Nov, 2016 11:56am

Pakistan Top News

Govt finalises plan to hold population census before Mar. 2017: Qadir Baloch

ISLAMABAD: The government has finalised a plan to carry out the census before March 2017 at present, the troops were involved in extensive engagements and census was not possible without the support of military.

Published 22 Nov, 2016 11:53am

Front Top News

Exclusive pictures of 9th IDEAS 2016

The 9th International Defence Exhibition and Seminar (IDEAS) 2016, being the most strategically important event of the region, once again bring together all the industry's players across the globe to showcase the latest technological innovations.

Published 22 Nov, 2016 11:51am

General News

Dastgir to inaugurate 6th Interiors Pakistan mega exhibition on Nov 25

LAHORE: Federal Commerce Minister Khurram Dastgir Khan will inaugurate the Pakistan Furniture Council (PFC) three-day '6th Interiors Pakistan' mega exhibition on November 25 here at Expo Centre.

Published 22 Nov, 2016 11:49am

Business & Economy

Saudi Arabia to give two-year multiple visa to Pakistani businessmen: FPCCI

ISLAMABAD: Saudi Arabia will grant a two-year multiple visa to Pakistani businessmen recommended by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).

Published 22 Nov, 2016 11:44am

Asia

Strong quake hits Japan, triggers Fukushima tsunami

TOKYO: A powerful 6.

Published 22 Nov, 2016 11:28am

Sports

Golf: Australia chase back-to-back World Cup titles

MELBOURNE: Australia go in search of back-to-back World Cup wins in Melbourne this week at an event tinged with controversy over team picks by England and Scotland.

Published 22 Nov, 2016 11:25am

Asia

Trans-Pacific Partnership 'meaningless' without US: Japan PM

BUENOS AIRES: A Pacific-wide trade deal would be "meaningless" without the United States, Japanese Prime Minister Shinzo Abe said Monday, as Donald Trump vowed to abandon the agreement on his first day in office.

Published 22 Nov, 2016 11:23am

Africa

UN base 'targeted' in Central Africa clashes

BANGUI: The UN peacekeeping force in Central African Republic (CAR) said Tuesday one of its bases had come under fire during clashes between rival groups, prompting its troops to respond.

Published 22 Nov, 2016 11:22am

North America

Trump backs Nigel Farage as British ambassador to US

WASHINGTON: Donald Trump has tweeted that Brexit campaigner Nigel Farage "would do a great job" as British ambassador to the US, in the latest unorthodox intervention by the president-elect.

Published 22 Nov, 2016 11:20am

Financial

Hong Kong stocks end sharply higher

HONG KONG: Hong Kong stocks soared Tuesday, tracking a rally across Asia and in New York, with energy firms the big winners as oil prices were boosted by hopes of a deal to cut production.

Published 22 Nov, 2016 11:19am

Financial

Asia stocks rally with oil, Tokyo hits 10-month high

HONG KONG: Asian markets rose Tuesday with energy stocks tracking a surge in oil prices, while Tokyo hit a fresh 10-month high after an early sell-off prompted by a huge earthquake off the northeast coast.

Published 22 Nov, 2016 11:17am

Industry

Daimler removes China executive over 'racist rant'

BEIJING: German auto giant Daimler said Tuesday it removed a top executive of its China trucks and buses unit, after his allegedly racist remarks in a parking row became national news.

Published 22 Nov, 2016 11:16am

Pakistan Top News

68,000 Iraqis displaced from Mosul offensive: UN

ARBIL: More than 68,000 people have fled their homes since Iraqi forces launched a huge offensive against the Islamic State group in and around Mosul last month, the UN said Tuesday.

Published 22 Nov, 2016 11:09am

Industry

Taiwan's TransAsia closes down after fatal air crashes

TAIPEI: Taiwan's troubled TransAsia Airways said Tuesday it would close down after two deadly plane crashes, massive financial losses and an insider trading probe.

Published 22 Nov, 2016 11:08am

Asia

UN decries new Vietnam activist arrests

HANOI: The United Nations' human rights watchdog called on Vietnam Tuesday to release three rights activists who were recently detained and investigate allegations the trio have been tortured in custody.

Published 22 Nov, 2016 11:05am

Asia

Four dead in landslides in New Caledonia

NOUMEA: Four people -- including two children -- are dead and four missing after torrential rain triggered landslides on the French overseas territory of New Caledonia in the South Pacific, officials said Tuesday.

Published 22 Nov, 2016 10:54am

Life & Style

Nepal's quake-damaged Boudhanath stupa reopens

KATHMANDU: Nepal's newly restored Boudhanath stupa reopened to the public Tuesday after it was damaged by the deadly 2015 earthquake that left much of the country's cultural heritage in ruins.

Published 22 Nov, 2016 10:48am

World Top News

Hundreds of Rohingya cross into Bangladesh, fleeing unrest

DHAKA: Hundreds of Rohingya have arrived in Bangladesh after fleeing violence in neighbouring Myanmar, community leaders said Tuesday, many with horrific tales of troops killing and burning villages.

Published 22 Nov, 2016 10:45am

Front Top News

Bomb kills three in Peshawar: police

PESHAWAR: A bomb which targeted a paramilitary truck on a crowded city street killed three security personnel Tuesday in Pakistan's troubled northwest, where levels of militant violence had recently dropped.

Published 22 Nov, 2016 10:41am

Cricket

Cricket: Du Plessis evades ban in 'Mintgate' row

ADELAIDE: South Africa skipper Faf du Plessis was found guilty of ball-tampering on Tuesday but cleared to play in this week's third Test against Australia, who are fighting to avoid their first ever home Test series whitewash.

Published 22 Nov, 2016 10:38am

Sports

RugbyU: Aussie coach Cheika admits to getting it wrong

DUBLIN: Australian rugby coach Michael Cheika admitted to AFP in an interview he had to reset to zero after some disappointing results earlier in the year.

Published 22 Nov, 2016 10:35am

Industry

VW aims to be global leader in electric cars by 2025: brand chief

FRANKFURT AM MAIN: Volkswagen aims to be the world leader in electric cars by 2025, brand chief Herbert Diess said Tuesday, as the German car giant shifts its focus to clean-energy vehicles after the dieselgate emissions cheating scandal.

Published 22 Nov, 2016 10:34am

Cricket

Cricket: Desperate Aussies roll the dice to stop rampant Proteas

ADELAIDE: Crisis-torn Australia will attempt to prevent rampant South Africa from an unprecedented series clean sweep in Thursday's day-night third Test in Adelaide after a team shake-up of historic proportions.

Published 22 Nov, 2016 10:32am

Cricket

Du Plessis cleared for Test in ball-tampering row

ADELAIDE: South Africa skipper Faf du Plessis was fined his entire match fee but cleared to play in this week's third Test against Australia after being found guilty of ball-tampering on Tuesday.

Published 22 Nov, 2016 10:02am

Front Top News

Nisar admits to hospital in London

LONDON: Interior Minister Chaudhry Nisar Ali Khan underwent medical checkup during his stay in London and fell ill after which he was being shifted to hospital again, Aaj News reported.

Published 22 Nov, 2016 09:57am

Front Top News

Extreme traffic jam in different areas of Karachi

KARACHI: Traffic in the city seems to be a mess.

Published 22 Nov, 2016 09:48am

Life & Style

Sunny Leone to enter the 'Bigg Boss' house again

After participating in high-voltage reality TV show Bigg Boss 5, Bollywood actress Sunny Leone will once again be part of the controversial reality show.

Published 22 Nov, 2016 09:48am

Front Top News

PM Nawaz emphasizes on the motto of arms for peace in IDEAS 2016

Prime Minister Nawaz Sharif inaugurated the ninth International Defence Exhibition and Seminar (IDEAS) 2016 being held at Expo Centre in Karachi from Tuesday.

Published 22 Nov, 2016 07:54am

Life & Style

Why Angelina Jolie is turning kids against Brad Pitt?

High-profile divorce between Brad Pitt and Angelina Jolie has taken a new turn as the Fury actor feels that his children are being turned against him.

Published 22 Nov, 2016 07:53am

World Top News

RECORDER REPORT: PSX mid day update

KARACHI: On Tuesday, until mid day, KSE-100 Index was at 42680.

Published 22 Nov, 2016 07:23am

Money & Banking

Ringgit's tumble seen causing Malaysia central bank to hold key rate

KUALA LUMPUR: Malaysia's central bank is expected to leave its benchmark rate unchanged on Wednesday, at its first policy meeting since Donald Trump's win in the U.

Published 22 Nov, 2016 06:56am

Financial

Nikkei posts 5-day winning streak, earthquake impact seen limited

TOKYO: Japanese stocks edged up in choppy trade on Tuesday to close on a five-day winning streak, but gains were limited as investors opted not to take big positions before a national holiday in Japan.

Published 22 Nov, 2016 06:54am

Financial

Sri Lankan rupee weaker on importer dollar demand; stocks down

COLOMBO: The Sri Lankan rupee was trading weaker on Tuesday due to dollar demand from importers on fears that the U.

Published 22 Nov, 2016 06:53am

Financial

Bosnian banks say under pressure after EU risk designation

Banks in Bosnia have seen their accounts blocked or closed by foreign counterparts since the Balkan state became the only European country to be put on an EU list of countries that pose a high risk to the financial system, bankers said on Monday. Bosnia j

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,968. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 5.30 billion and the number of lots traded was 16,895. Major business was contributed by curr