News Archives for Latest - 2016-11-25

Life & Style

Saudi Arabia denies visa to all transgenders

Saudi Arabia on Tuesday banned all transgender persons to perform Umrah, furthermore also denying access to the holy cities of Mecca and Medina. %D%A%D%A

Updated 10 Oct, 2017 10:30am

Financial

Global stocks rise but oil slides on OPEC skepticism

NEW YORK: Global stocks ended the week higher, with US indices all finishing at new records, while oil prices fell sharply amid continued skepticism about chances for a deal at next week's OPEC meeting.

Published 25 Nov, 2016 09:21pm

Sports

Cycling: Teams reduced to eight riders for Grand Tours

PARIS: The Tour de France and other Grand Tours on Friday announced their decision to reduce the sizes of teams by one rider starting from 2017.

Published 25 Nov, 2016 09:20pm

Europe

Lufthansa offers pilots new deal to end strike

BERLIN: Germany's flagship carrier Lufthansa on Friday offered pilots a new wage deal to end a crippling three-day strike that has led to mass flight cancellations affecting over 300,000 passengers.

Published 25 Nov, 2016 09:19pm

General News

Swedish Ambassador meets Shehbaz Sharif

LAHORE: Swedish Ambassador to Pakistan Ms.

Published 25 Nov, 2016 08:19pm

General News

COAS played vital role for strengthening economy: KATI

KARACHI: Patron-in-Chief of Korangi Association of Trade & Industry (KATI) S.

Published 25 Nov, 2016 08:18pm

General News

German company's senior official meets Shehbaz Sharif

LAHORE: Managing Director of water and transport wing of a prominent German company, Fichtner, Meyer Ulf Meyer Scharenberg met Punjab Chief Minister Muhammad Shehbaz Sharif, here on Friday.

Published 25 Nov, 2016 08:18pm

Sports

RugbyU: We'll have to be at our best, says Moore

DUBLIN: Australia captain Stephen Moore says his side will have to be on their best form to beat Ireland on Saturday and keep their hopes alive of emulating the 1984 team and record a Grand Slam over the Home Nations.

Published 25 Nov, 2016 08:15pm

Energy

Eni agrees to sell 10pc stake in Egypt concession to BP

MILAN: Eni has agreed to sell a 10 percent stake in the Shorouk concession offshore Egypt to BP, the Italian oil and gas group said in a statement on Friday.

Published 25 Nov, 2016 08:14pm

Commodities

Exports help soybeans to new 4-month top after US holiday

CHICAGO/PARIS: Chicago Board of Trade soybean futures rose on Friday to a new four-month high as stronger than expected weekly exports and an easing dollar provided support as trading resumed after a holiday closure.

Published 25 Nov, 2016 08:14pm

Financial

Britain's FTSE registers third straight week of gains

LONDON: Britain's top share index edged higher on Friday, making its third straight week of gains as weakness in banking and mining stocks was offset by strength in pharma shares.

Published 25 Nov, 2016 08:13pm

Commodities

Europe Distillates-Diesel diffs strengthen on tight supplies

LONDON: Diesel barge differentials in northwest Europe firmed on Friday as slower inflows into the region kept the market supported.

Published 25 Nov, 2016 08:12pm

Commodities

Brazil launches campaign to lower tariffs on instant coffee

UNA: Brazil's instant coffee industry launched a campaign on Friday to lower tariffs in importing countries with the aim of boosting sales abroad by the world's largest exporter of soluble coffee by 50 percent over the next decade.

Published 25 Nov, 2016 08:12pm

Energy

North Sea Crude-Forties steady after gain this week

LONDON: North Sea Forties crude differentials ended the week unchanged on Friday, after climbing earlier this week on the prospect of higher exports of December-loading crude to Asia.

Published 25 Nov, 2016 08:11pm

Energy

West Africa Crude-Indian tender awarded, spot trade muted

LONDON: Leading OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, because it wants to focus first on reaching consensus within the organisat

Published 25 Nov, 2016 08:11pm

Financial

European shares end near two-week high, helped by pharma M&A hopes

MILAN/LONDON: European shares rose slightly on Friday, nearing their highest level in over two weeks, as the market was supported by a rally in drugmakers on hopes of tie-up activity in the sector.

Published 25 Nov, 2016 08:10pm

Financial

Yields rise, bonds on track for worst month since Jan 2009

NEW YORK: US Treasury yields rose on Friday and two-year yields hit 6-1/2-year highs overnight as investors evaluated how much further the selloff sparked by the surprise election of Republican Donald Trump as US president has to run.

Published 25 Nov, 2016 08:10pm

Commodities

EU wheat hesitant, rapeseed eases from highs

PARIS: Western European wheat prices were mostly little changed on Friday as traders made technical adjustments during a holiday lull on US grain markets.

Published 25 Nov, 2016 08:09pm

Money & Banking

S&P's downgrades South Africa's Eskom further into junk territory

JOHANNESBURG: Standard & Poor's Global Ratings on Friday cut South African power utility Eskom's credit rating a further notch into subinvestment, raising concerns the country's sovereign rating would also be dragged into junk status.

Published 25 Nov, 2016 08:09pm

World

Colombia FARC leader says will support 2018 president who backs peace

BOGOTA: Colombia's Marxist FARC will support a presidential candidate in 2018 to prevent a peace accord being modified or scrapped, rebel leader Rodrigo Londono said on Friday, an apparent bid to block former President Alvaro Uribe's right-wing pa

Published 25 Nov, 2016 08:08pm

Financial

Wall St hit record highs as consumer staples, techs gain

SAN FRANCISCO: Wall Street's three main indexes closed at record highs on Friday, helped by gains in consumer staples and technology stocks as investors hunted for bargains in a post-election rally.

Published 25 Nov, 2016 08:05pm

Commodities

European vegoils-Palm oil up on weak ringgit and production woes

ROTTERDAM: Palm oil offers on the European vegetable oils market were slightly firmer on Friday on the back of stronger Malaysian palm oil futures due to a weaker ringgit and expectations of lower production.

Published 25 Nov, 2016 08:05pm

Commodities

European feeds-Soyoil little changed due to lack of leads

ROTTERDAM: Soymeal offers on the European meals and feeds market were in a tight range on Friday in the absence of direction from Chicago markets after the Thanksgiving holiday on Thursday.

Published 25 Nov, 2016 08:04pm

North America

Trump names Don McGhan as White House Counsel: transition official

WASHINGTON/WEST PALM BEACH: US President-elect Donald Trump has chosen Don McGhan, a well-known campaign finance lawyer, as his White House counsel and K.

Published 25 Nov, 2016 08:04pm

Pakistan Top News

President hosts farewell dinner for Gen. Raheel Sharif, lauds his services

ISLAMABAD: President Mamnoon Hussain Friday said that Pakistan Army under the leadership of General Raheel Sharif, in coordination with all state institutions, courageously confronted the internal and external challenges faced by the country during the la

Published 25 Nov, 2016 08:03pm

Sports

Badminton: It's a scream as Marin reaches Hong Kong semis

HONG KONG: World and Olympic champion Carolina Marin was told off about her trademark screaming as she roared into the Hong Kong Open semi-finals on Friday.

Published 25 Nov, 2016 07:44pm

North America

'Dead and missing' after hurricane hits Costa Rica: president

SAN JOS: A hurricane that hit Costa Rica on Thursday left some people dead and missing, President Luis Guillermo Solis said, as rescue services worked to provide a number.

Published 25 Nov, 2016 07:42pm

Sports

Figure Skating: Hanyu, Pogorilaya lead NHK Trophy

TOKYO: Reigning Olympic champion Yuzuru Hanyu and World bronze medallist Anna Pogorilaya of Russia took the early lead in the short programme at the NHK Trophy as they campaigned to qualify for this year's Grand Prix Final of figure skating.

Published 25 Nov, 2016 07:41pm

Middle East

More than 30 dead as trains collide in Iran

TEHRAN: Two trains collided and caught fire Friday in a remote region of northern Iran, killing more than 30 people and injuring dozens more, in one of the country's worst rail disasters.

Published 25 Nov, 2016 07:40pm

Sports

Formula One: Abu Dhabi Grand Prix free practice times

ABU DHABI: Abu Dhabi Formula One Grand Prix free practice times on Friday:%Dnd session%D.

Published 25 Nov, 2016 07:39pm

North America

UN agency job hands Peru's ex-first lady immunity: UN

GENEVA: A former first lady of Peru who is facing money-laundering charges will receive immunity through her new posting with a United Nations agency in Geneva, the UN said Friday.

Published 25 Nov, 2016 07:39pm

North America

Trump win breathes life into private detention industry

WASHINGTON: Donald Trump's White House triumph this month caught the business world by surprise but also breathed life into a little-understood US industry: private prisons and migrant detention centers.

Published 25 Nov, 2016 07:38pm

Sports

Tennis: Davis Cup final - Croatia 1 Argentina 0

ZAGREB: Results in the Davis Cup final between Croatia and Argentina in Zagreb on Friday:Croatia 1 Argentina 0Marin Cili

Published 25 Nov, 2016 07:37pm

Sports

Tennis: Cilic recovers to give Croatia Davis Cup edge

ZAGREB: Croatia's Marin Cilic battled back from a mid-match collapse to beat Federico Delbonis of Argentina 6-3, 7-5, 3-6, 1-6, 6-2 in the opening rubber of the Davis Cup final in Zagreb on Friday.

Published 25 Nov, 2016 07:36pm

Middle East

Syria army advances in rebel-held east Aleppo

ALEPPO: The Syrian army Friday advanced in Aleppo after pounding the city's rebel-held east with air strikes and shelling that killed dozens, adding to the despair of more than 250,000 civilians under siege.

Published 25 Nov, 2016 07:36pm

Europe

Sweden slaughters 200,000 hens on bird flu fears

STOCKHOLM: Sweden on Friday said 200,000 chickens were being slaughtered at a farm where bird flu has been detected, following a resurgence in the virus across Europe.

Published 25 Nov, 2016 07:35pm

Asia

Sri Lanka sentences 18 to death in tea planter murder

COLOMBO: A Sri Lankan court Friday sentenced 18 men to death for murdering a US tea company executive, the largest group to be condemned in a single trial.

Published 25 Nov, 2016 07:34pm

Africa

South Africa's Zuma to meet with ANC 'integrity commission'

JOHANNESBURG: South African President Jacob Zuma will meet with the ruling ANC party's "integrity commission" next week, party officials said, after a year of political scandals and poor local election results.

Published 25 Nov, 2016 07:32pm

Sports

RugbyU: Jones sees signs of Ella talent in England's Daly

BAGSHOT: England coach Eddie Jones said Elliot Daly faced the same choice of being "good or happy" that confronted his childhood friends the Ella brothers in his quest to become an established international.

Published 25 Nov, 2016 07:31pm

Sports

RugbyU: Aussies eye Irish on next step to Grand Slam

DUBLIN: Michael Cheika's rejuvenated Australia will bid to beat Ireland on Saturday and move to within one victory of emulating the legendary 1984 side's Grand Slam of the Home Nations.

Published 25 Nov, 2016 07:30pm

Europe

Putin hands action star Seagal Russian passport

MOSCOW: President Vladimir Putin on Friday personally handed a new Russian passport to US action star Steven Seagal and said he hoped the gesture showed a "normalisation" of strained relations with Washington.

Published 25 Nov, 2016 07:30pm

Middle East

Iraq forces must open safe routes for Mosul residents: NGO

ARBIL: Iraqi forces should create safe exits for Mosul residents because they cannot protect civilians and wage fierce battles with militants at the same time, an aid group said on Friday.

Published 25 Nov, 2016 07:29pm

North America

Hurricane kills 4 in Costa Rica

SAN JOS: A hurricane that churned its way through Nicaragua and Costa Rica before exiting into the Pacific on Friday killed at least four people and caused millions of dollars of damage, officials said.

Published 25 Nov, 2016 07:28pm

Football

Russian Premier League table

MOSCOW: Russian Premier League table after Friday's match (played, won, drawn, lost, goals for, goals against, point

Published 25 Nov, 2016 07:27pm

Football

Pochettino primes Spurs for Chelsea battle

LONDON: Tottenham Hotspur manager Mauricio Pochettino believes Saturday's trip to in-form Premier League leaders Chelsea represents an ideal opportunity for his side to relaunch their season.

Published 25 Nov, 2016 07:26pm

Football

Indonesia through to Suzuki Cup semi-final

MANILA: Indonesia secured a last-gasp Suzuki Cup semi-final slot Friday with a come from behind 2-1 win over Singapore, who were knocked out of the competition.

Published 25 Nov, 2016 07:25pm

Football

Guardiola wants Messi to stay at Barcelona

MANCHESTER: Pep Guardiola insisted Friday he had no intention of signing Lionel Messi, saying he wants the Barcelona star to see out his career at the Nou Camp.

Published 25 Nov, 2016 07:25pm

Football

Atletico line up winter friendly in Saudi Arabia

MADRID: Atletico Madrid will travel to Saudi Arabia for a friendly during the Spanish winter break, last season's UEFA Champions League runners-up announced on Friday.

Published 25 Nov, 2016 07:24pm

World

Fitch drops South Africa outlook to negative on political risks

JOHANNESBURG: International credit rating firm Fitch dropped its outlook for South Africa from stable to negative on Friday, citing the country's recent political turmoil under President Jacob Zuma.

Published 25 Nov, 2016 07:23pm

Financial

European stocks limp into weekend

LONDON: European stock markets drifted higher Friday, as Tokyo again pushed higher thanks to a weaker yen while Wall Street pushed higher after Thanksgiving.

Published 25 Nov, 2016 07:22pm

Europe

Erdogan, Putin in Syria talks after Turkish soldiers killed

ISTANBUL: Turkish President Recep Tayyip Erdogan discussed the Syrian conflict with his Russian counterpart Vladimir Putin by phone Friday after the Turkish army accused Moscow ally Damascus of killing its soldiers in northern Syria.

Published 25 Nov, 2016 07:22pm

Cricket

Zimbabwe beat West Indies, face Sri Lanka in final

BULAWAYO: Zimbabwe beat West Indies by five runs under the Duckworth-Lewis method in Friday's rain-affected one-day international to qualify for the triangular series final against Sri Lanka.

Published 25 Nov, 2016 07:21pm

Sports

Boxing: Cruz aims to become first openly gay world champion

LONDON: Orlando Cruz will aim to carve a niche in boxing history by becoming the first openly gay world champion when he faces Terry Flanagan for the World Boxing Organisation (WBO) lightweight title in Cardiff on Saturday.

Published 25 Nov, 2016 07:20pm

Asia

6.5 magnitude quake hits China's Xinjiang region: USGS

BEIJING: A powerful 6.

Published 25 Nov, 2016 07:19pm

General News

Indigenous technology capable to meet police needs: IGP

KARACHI: Sindh Inspector General of Police A.

Published 25 Nov, 2016 06:02pm

Business & Economy

'Media plays important role in transmitting claims'

LAHORE: Media plays an extremely important role in transmitting the claims of social, economic and political movements to the decision-makers and the public.

Published 25 Nov, 2016 05:58pm

Football

Palace striker Remy suffers new injury setback

LONDON: Crystal Palace forward Loic Remy has suffered a new injury and will be out for up to three more weeks before making his debut, manager Alan Pardew said on Friday.

Published 25 Nov, 2016 05:57pm

General News

KP govt working to transform system to fulfill aspirations of people: CM

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that provincial government is working to transform the system to fulfill the aspirations of people who voted PTI for raising slogan of change.

Published 25 Nov, 2016 05:56pm

World

ECB to keep easy policy as inflation still far from target

FRANKFURT: The European Central Bank is still far from its inflation target and will keep an accommodative policy even after the recent uptick in bond yields and inflation, ECB rate setter Yannis Stournaras said in a Bloomberg TV interview on Friday.

Published 25 Nov, 2016 05:55pm

Commodities

Asia Gold-China premiums hit near 3-year high on possible import restrictions

BENGALURU/MUMBAI: Gold premiums in top consumer China jumped to the highest in nearly three years this week on worries over a supply shortage that traders said were due to Beijing's efforts to restrict import licenses.

Published 25 Nov, 2016 05:54pm

General News

CM Sindh vows to chair cabinet meeting at Gilgit Baltistan

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, in principle Friday decided to construct Sindh House in Gilgit-Baltistan and own a tunnel in the area as "Sindh Tunnel" which was one of the routes of CPEC there.

Published 25 Nov, 2016 05:53pm

Pakistan Top News

Farewell visit of COAS General Raheel Sharif at Okara Garrison

MULTAN: As part of his farewell visits, Chief of Army Staff (COAS) General Raheel Sharif addressed officers and men of Multan and Bahawalpur Corps at Okara Garrison, on Friday.

Published 25 Nov, 2016 05:53pm

Commodities

Palm up nearly 1 pct on weaker ringgit, lower output expectations

KUALA LUMPUR: Malaysian palm oil futures ended nearly 1 percent higher on Friday, recording a fifth consecutive session of gains due to persistent weakness in the ringgit and falling output.

Published 25 Nov, 2016 05:52pm

General News

EC monitoring teams to supervise election in Karachi

ISLAMABAD: The Election Commission has appointed monitoring teams to oversee the bye-election in the constituency NA-258 Karachi-XX on November 28, 2016.

Published 25 Nov, 2016 05:52pm

Financial

EMERGING MARKETS-Retreating dollar gives emerging markets a breather

LONDON: Emerging markets looked to end the week on a cautiously positive note on Friday with stocks poised to snap a four-week losing streak while a number of currencies pulled away from record lows thanks to the dollar taking a break from its relentless

Published 25 Nov, 2016 05:51pm

Financial

European shares head for 3rd week of gains, Actelion leads

LONDON: European shares edged higher on Friday, heading for their third straight week of gains, with drugmakers leading the market after Swiss biotechnology firm Actelion surged on a report of a takeover approach by Johnson & Johnson.

Published 25 Nov, 2016 05:51pm

Front Top News

Govt is committed to address problems of industrial sector: Finance Minister

ISLAMABAD: Federal Minister for Finance Senator Mohammad Ishaq Dar Friday said the government is committed to address the problems of the industrial sector as much as possible.

Published 25 Nov, 2016 05:49pm

Industry

Airbus hopes to deliver up to 80 A350 aircraft in 2017

PARIS: Airbus tentatively aims to deliver as many as 80 A350 jetliners in 2017, two people familiar with the plans said on Friday.

Published 25 Nov, 2016 05:49pm

Sports

Motor racing-Hamilton on top in first Abu Dhabi practice

ABU DHABI: Lewis Hamilton landed an early psychological blow ahead of Formula One's title showdown on Friday by beating Mercedes team mate Nico Rosberg in first practice for the Abu Dhabi Grand Prix.

Published 25 Nov, 2016 05:48pm

Commodities

Indian cash crunch hits gold demand during peak wedding season

MUMBAI/BENGALURU: Mumbai resident Shashikant Zhalte's wedding this weekend will be less sparkling than his family had hoped, thanks to a cash shortage following Indian Prime Minister Narendra Modi's shock withdrawal of high-value notes to fight "b

Published 25 Nov, 2016 05:48pm

General News

14 additional LHC judges to take oath on 26th

LAHORE: Newly-appointed 14 additional judges of the Lahore High Court (LHC) will take oath of their office on Saturday (November 26).

Published 25 Nov, 2016 05:47pm

Money & Banking

South Africa's central bank governor says inflation weakens case for cutting rates

JOHANNESBURG: South Africa's central bank is concerned that inflation expectations are not anchored more comfortably within its 3-6 target range, weakening the case for cutting interest rates, Governor Lesetja Kganyago said on Friday.

Published 25 Nov, 2016 05:47pm

General News

LHC reserves verdict on petitions against FBR audit policy

LAHORE: The Lahore High Court (LHC) on Friday reserved verdict on more than 800 petitions, challenging the Federal Board of Revenue's Audit Policy 2015.

Published 25 Nov, 2016 05:46pm

Front Top News

IDEAS-2018 to be held from Nov. 27

KARACHI: The 10th International Defence Exhibition IDEAS-2018 will be held from November 27 to 30 at Karachi Expo Centre.

Published 25 Nov, 2016 05:46pm

Europe

Russian energy min: ready to resume gas supplies to Ukraine

MOSCOW: Russia is ready to resume natural gas supplies to Ukraine if Kiev pays upfront for the fuel, Russian Energy Minister Alexander Novak said on Friday.

Published 25 Nov, 2016 05:44pm

General News

NAB files reference against 7 officials of education department in accountability court

HYDERABAD: The National Accountability Bureau (NAB) has filed a reference in the accountability court in which 7 former officers of the Sindh Education Department have been accused for allegedly making illegal appointments.

Published 25 Nov, 2016 05:44pm

General News

CM orders inquiry into reported polio cases

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has ordered an inquiry into the media reports that new polio cases have been detected in two districts Dadu and Badin.

Published 25 Nov, 2016 05:44pm

Financial

US stocks boosted by open of holiday shopping season

NEW YORK: Shares of leading retailers rose in opening trading Friday, lifting US stocks as the holiday shopping season kicked off amid expectations of solid sales.

Published 25 Nov, 2016 05:43pm

Money & Banking

EBRD willing to take stake in Ukraine's Oschadbank if reforms are met

KIEV: The European Bank for Reconstruction and Development (EBRD) is prepared to buy a stake in Ukraine's largest state-owned bank, Oschadbank, provided changes are made to its management and operational and financial performance, the banks said on Fr

Published 25 Nov, 2016 05:43pm

General News

Six SC benches, larger benches formed

ISLAMABAD: Chief Justice Anwar Zaheer Jamali on Friday constituted six benches and two larger benches at the principal seat to hear some important cases during the week starting on Monday (November 28).

Published 25 Nov, 2016 05:42pm

Front Top News

PM, Gurbanguly discuss bilateral issues

ASHGABAT: Prime Minister Muhammad Nawaz Sharif and Turkmenistan's President Gurbanguly Berdimuhamedov met here Friday and discussed matters of bilateral interests.

Published 25 Nov, 2016 05:42pm

Money & Banking

Sri Lanka central bank may keep rates steady as inflation, credit growth eases

COLOMBO: Sri Lanka's central bank is expected to keep its key interest rates steady on Tuesday, a Reuters poll showed, amid slowing inflation and credit growth after past tightening measures.

Published 25 Nov, 2016 05:41pm

Pakistan Top News

Objectives of IDEAS exhibition well achieved: Secy Defence Production

KARACHI: Pakistan has showcased one of the best and technologically advanced air and ground equipment in the global market, which illustrates its achieving self-sufficiency in various fields of defence sector.

Published 25 Nov, 2016 05:41pm

General News

Khurram Dastgir inaugurates 6th Interiors Pakistan Exhibition

LAHORE: Federal Commerce Minister Khurram Dastgir Friday said the government will provide all possible support to Pakistan furniture industry so that it can exhibit products at international level.

Published 25 Nov, 2016 05:41pm

Front Top News

Ahsan Iqbal stresses research on knowledge economy

LAHORE: Federal Minister for Planning Development and Reforms Prof Ahsan Iqbal Friday said the government was attaching high significance to the knowledge economy and it was high time to replace our traditional teaching style with interactive teaching sty

Published 25 Nov, 2016 05:40pm

Commodities

Aluminium producers seek Q1 premium of $95-$110/T from Japanese buyers

TOKYO: Some big aluminium producers seek a premium of $95-$110 per tonne from Japanese buyers for primary metal shipments in the January to March period, up 27-47 percent from the previous quarter, five sources involved in pricing talks said on Friday.

Published 25 Nov, 2016 05:39pm

Commodities

Raw sugar rebounds on increased physical demand

LONDON: Raw sugar futures on ICE rose on Friday, boosted by a pick-up in physical demand after recent declines helped to tighten nearby supplies.

Published 25 Nov, 2016 05:37pm

Financial

CEE MARKETS-Stocks drop on rangebound markets, Ljubljana hits 4-month low

BUDAPEST/LJUBLJANA: Oil shares pushed down by declining crude prices put pressure on Central European stock markets on Friday and Slovenia's stock index touched a four-month low.

Published 25 Nov, 2016 05:35pm

World

Brazil real slumps on potential Temer investigation

SAO PAULO: The Brazilian real slumped in early Friday trading on concerns that a potential investigation into whether President Michel Temer pressured an ex-minister to allegedly favour a cabinet colleague's property investment could derail a fiscal a

Published 25 Nov, 2016 05:35pm

Energy

GLOBAL LNG-Asian spot LNG prices fall from near one-year high

SINGAPORE: Asian spot liquefied natural gas prices retreated this week from a near one-year high with demand easing after North Asian utilities had mostly covered their requirements for winter.

Published 25 Nov, 2016 05:35pm

World Top News

Black Friday 2016 will be blacker for UK shops

LONDON: Black Friday weekend could be blacker for UK retailers in 2016.

Published 25 Nov, 2016 05:33pm

Financial

German 2-year bond yield at record low, set for biggest 2-week fall since 2013

LONDON: Short-dated German government bond yields set a new record low and were on track for their biggest two-week fall in more than three years on Friday, highlighting demand for top-rated assets even as global bond markets take a beating.

Published 25 Nov, 2016 05:32pm

Commodities

RUBBER-TOCOM hits 1-1/2-year high, but ends lower on profit-taking

TOKYO: Benchmark Tokyo rubber futures touched a 1-1/2-year high on Friday as the yen fell to multi-month lows against the dollar, but ended lower on profit-taking though it still marked a 13 percent weekly gain.

Published 25 Nov, 2016 05:30pm

Europe

EU should not freeze accession talks with Turkey, Germany says

BERLIN: The European Union should not freeze Turkey's negotiations to join the bloc, Germany's Foreign Ministry said on Friday, a day after members of the European Parliament voted in a non-binding motion in support of such a freeze.

Published 25 Nov, 2016 05:30pm

Financial

Italy-Germany 10-yr bond yield hits new high since Oct. 2014

MILAN: The yield spread between Italian 10-year bonds and German Bunds rose to a new high since October 2014 on Friday, reaching 190 basis points as investors turned to top-rated assets such as German bonds.

Published 25 Nov, 2016 05:29pm

Managed Funds

France to sell 2.5-3.5bn eur of OATs at auction next week

PARIS: France will sell up to 3.

Published 25 Nov, 2016 05:28pm

Financial

Sri Lankan rupee falls on importer dollar demand

COLOMBO: The Sri Lankan rupee ended weaker on Friday due to dollar demand from importers who fear the economic policies of US President-elect Donald Trump could lead to a rise in the greenback and interest rates.

Published 25 Nov, 2016 05:28pm

Energy

Middle East Crude-Jan-Feb Dubai spread narrows 30pc in 1 week

SINGAPORE: The Middle East crude market structure has strengthened over the past week with the front-month spread narrowing by almost 30 percent.

Published 25 Nov, 2016 05:26pm

Money & Banking

Central Bank of Kenya to hold rates at 10pc on Nov 28

JOHANNESBURG: Kenya is expected to keep interest rates stable on Nov.

Published 25 Nov, 2016 05:26pm

Financial

GLOBAL MARKETS-Dollar rally pauses, Italian stocks underperform

LONDON: The dollar's best run in almost two years paused on Friday while Italian stocks continued to underperform peers in Europe as the countdown to a referendum on constitutional reform in the country entered its final week.

Published 25 Nov, 2016 05:25pm

Football

West Brom can't find room for Chadli, says Pulis

LONDON: West Bromwich Albion are playing so well that they cannot find room for record signing Nacer Chadli in the team, manager Tony Pulis said on Friday.

Published 25 Nov, 2016 05:24pm

Europe

European foreign ministers to discuss Ukraine next week in Minsk

PARIS: The foreign ministers of France, Germany, Russia and Ukraine are to meet in Minsk next week to discuss plans for implementing a ceasefire agreement for eastern Ukraine, said a spokesman for the French Foreign Ministry.

Published 25 Nov, 2016 05:23pm

World

Brazil's Temer plans to remove minister at centre of new scandal

BRASILIA: Brazil's President Michel Temer is planning to remove from office his minister in charge of relations with Congress, Geddel Vieira Lima, after accusations he pressured another minister to favor a property investment, a presidential aide said

Published 25 Nov, 2016 05:23pm

Europe

UK firms show no Brexit vote hit in Q3 as investment grows

LONDON: British companies brushed off the uncertainty over Brexit in the three months after June's referendum and increased their investment, helping to drive solid growth in the economy, official data showed on Friday.

Published 25 Nov, 2016 05:21pm

Energy

Poland's JSW says expects coking coal prices to fall in 2017

KATOWICE: The chief executive at Poland's state-run JSW said on Friday that he expects coking coal prices to fall next year as new production capacity is launched globally.

Published 25 Nov, 2016 05:20pm

Industry

Brazil tax revenues jump in October on asset amnesty program

BRASILIA: Extraordinary revenues from an amnesty program helped Brazil collect 148.

Published 25 Nov, 2016 05:18pm

Energy

Asia-Pacific Crude-January Kimanis crude values rise

SINGAPORE: Premiums for January-loading Kimanis cargoes rose on Friday on keen demand for middle distillate-rich grades during winter.

Published 25 Nov, 2016 05:18pm

Energy

Oil down on strong dollar, OPEC uncertainty

LONDON: Oil prices slid on Friday, dragged by a strong dollar and uncertainty over whether OPEC will agree to cut production at the group's meeting next week, but benchmark contracts were on track to close the week with gains close to 4 percent.

Published 25 Nov, 2016 05:14pm

Sports

Maradona cheers on Argentina in Davis Cup final

ZAGREB: Former World Cup winner Diego Maradona arrived in the Zagreb Arena amid much fanfare to support Argentina in the Davis Cup final against hosts Croatia starting on Friday.

Published 25 Nov, 2016 05:13pm

Industry

Jaguar Land Rover wants to build electric cars in Britain

LONDON: Britain's biggest carmarker Jaguar Land Rover said it wants to build electric cars in Britain in what would be a further boost to the UK automotive sector after the Brexit vote.

Published 25 Nov, 2016 05:13pm

Money & Banking

Italy econ min says Monte Paschi recapitalisation plan works

ROME: A 5 billion euro ($5.

Published 25 Nov, 2016 05:12pm

Financial

Big four euro zone states auction debt next week

LONDON: The euro zone's four largest economies -- Germany, France, Italy and Spain -- are all scheduled to sell debt at auction next week.

Published 25 Nov, 2016 05:08pm

Commodities

Uganda cocoa output to rise 15pc in three years

KAMPALA: Uganda's cocoa production is likely to increase by 15 percent over the next three years, boosted by additional maturing trees in the country's western region, a leading industry executive said on Friday.

Published 25 Nov, 2016 04:59pm

Financial

Sterling heads for best run of gains vs euro since early 2015

LONDON: Sterling steadied on Friday, on track for its best run of weekly gains against the euro since early 2015, with investors switching their primary focus from the political risks facing Britain as it exits the EU towards those facing the euro zone.

Published 25 Nov, 2016 04:58pm

Financial

Dollar dips on US bond yields, Thanksgiving hangover

LONDON: The dollar retreated against its major peers on Friday, a pullback in US bond yields spurring some profit-taking as the world's main currency headed for its best run in almost two years.

Published 25 Nov, 2016 04:39pm

Financial

Sri Lanka shares end little changed; turnover slumps

COLOMBO: Sri Lankan shares ended little changed on Friday, hovering near eight-month lows, while turnover slumped as investors kept to the sidelines on concerns over recent tax proposals.

Published 25 Nov, 2016 04:37pm

World

Dutch budget deficit seen at 0.4pc/GDP in 2016 after tax windfall

AMSTERDAM: The Dutch government expects to run a budget deficit of just 0.

Published 25 Nov, 2016 04:36pm

Football

Soccer-Bale faces lengthy spell on sidelines, says Zidane

MADRID: Real Madrid coach Zinedine Zidane expects to be without the services of Welsh forward Gareth Bale for a long period of time.

Published 25 Nov, 2016 04:32pm

Energy

Asia Distillates-Brisk gasoil deals; China exports down from record

SINGAPORE: Asia's gasoil differentials were stable on Friday after rising in the previous session as Singapore's cash trade volumes remained brisk.

Published 25 Nov, 2016 04:29pm

Europe

Italy referendum will not lead to repeat of 2011 debt storm: Padoan

ROME: Italian Economy Minister Pier Carlo Padoan said on Friday that the result of an upcoming referendum will not put the country in the eye of a new debt storm like the one that nearly pushed the country into default in 2011.

Published 25 Nov, 2016 04:19pm

Europe

Schaeuble to push G20 for structural reforms to prevent crisis

BERLIN: Germany will push for reforms to make the world's biggest economies more competitive and protect against future crises when it takes the helm of the G20, Finance Minister Wolfgang Schaeuble said on Friday, dimming hopes of fiscal stimulus to b

Published 25 Nov, 2016 04:16pm

Commodities

Zinc hits highest in over 8-1/2 years on fund buying

LONDON: Zinc powered to its highest levels in more than 8-1/2 years on Friday on continued fund buying but analysts cautioned that prices were outrunning supply/demand fundamentals.

Published 25 Nov, 2016 04:13pm

Money & Banking

Colombia central bank likely to hold rate steady, study Q3 GDP data

BOGOTA: Colombia's central bank will likely hold the benchmark interest rate unchanged on Friday for a fourth month as policymakers attempt to quell stubbornly high inflation even as economic growth slows.

Published 25 Nov, 2016 04:10pm

Money & Banking

Russia central bank: deposit auctions to be main tool to manage liquidity in 2017

MOSCOW: The Russian central bank said on Friday that deposit auctions would be the main tool it will use next year to manage a structural liquidity surplus.

Published 25 Nov, 2016 04:10pm

Industry

Lufthansa pilots threaten to extend stoppage as dispute intensifies

BERLIN: Pilots at Lufthansa threatened on Friday to extend their latest strike in a long-running pay dispute with the German airline, raising pressure on management and leaving passengers fearing fresh disruption.

Published 25 Nov, 2016 04:07pm

Energy

Norway approves hike in Troll's 2016 oil output

OSLO: Norway's oil and energy ministry has approved a hike in the 2016 oil output quota of the North Sea Troll field to 46.

Published 25 Nov, 2016 04:05pm

Arts

Global Mannequin craze take over Pakistans cricket

After the internet sensation Ice Bucket Challenge, the latest Mannequin Challenge has taken over the globe including Pakistan and its cricket stars.

Published 25 Nov, 2016 02:47pm

Cricket

PSL vs. IPL on neutral venues, Zalmi asks BCCI

For the people of Indo-Pak region, cricket is not just a sports but a potent tool for diplomacy as well.

Published 25 Nov, 2016 02:42pm

Football

Soccer-Conte wants to avoid repeat of Tottenham feuds

LONDON: Chelsea manager Antonio Conte has called on his players not to be drawn into the sort of feuds that marred last season's dramatic home game against London rivals Tottenham Hotspur when the teams meet at Stamford Bridge on Saturday.

Published 25 Nov, 2016 02:04pm

Energy

Russia's Rosneft head says company may pay out dividend in 2017

MOSCOW: Russian mid-sized oil company Rosneft may pay dividend in 2017, the company's chief executive officer Evgeny Tolochek said on Friday.

Published 25 Nov, 2016 02:03pm

Energy

Shell in talks over Gabon sale as seeks to hit divestment target

LONDON: Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was completed in February.

Published 25 Nov, 2016 02:00pm

Energy

Azerbaijan expects 4.7pc drop in oil exports via BTC in 2017

BAKU: Azerbaijan expects a 4.

Published 25 Nov, 2016 01:59pm

Industry

India's Tata Steel removes Cyrus Mistry as chairman

MUMBAI: India's Tata Steel has removed former head of Tata Sons Cyrus Mistry as chairman of its board in a board meeting held in Mumbai on Friday, the company said in a statement.

Published 25 Nov, 2016 01:57pm

Front Top News

Last day of IDEAS Exhibition 2016

KARACHI: Today last day of 9TH International Defence Exhibition and Seminar (IDEAS) 2016 exhibition is a combined effort of Pakistan armed forces and Government of Pakistan for self-dependence by growing the local defence production industry instead of lo

Published 25 Nov, 2016 12:08pm

Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Wednesday having 42974.

Published 25 Nov, 2016 11:50am

Life & Style

Ranbir Kapoor, Ranveer Singh bromance on 'Koffee with Karan' became highlight of the show

Ranbir Kapoor and Ranveer Singh will appear in the latest episode of Koffee with Karan and we cannot wait to see what the duo will be up to.

Published 25 Nov, 2016 11:49am

Europe

Turkey's Erdogan threatens to open borders to migrants after EU Parliament vote

ISTANBUL: Turkish President Recep Tayyip Erdogan on Friday threatened to throw open Turkey's borders to illegal migrants after the European Parliament voted to back a freeze in membership talks with Ankara.

Published 25 Nov, 2016 11:13am

NBP, JS Bank Limited sign cash management agreement

ISLAMABAD: National Bank of Pakistan (NBP) would facilitate customers of JS Bank at designated NBP branches across Pakistan to further facilitate the customers, under a Cash Management Agreement with JS Bank Limited that was recently signed between the tw

Published 25 Nov, 2016 11:10am

Markets

Weekly inflation slides slightly

ISLAMABAD: The weekly inflation for the week ended on November 24 for the combined income group witnessed decrease of 0.

Published 25 Nov, 2016 11:03am

Business & Economy

FBR's e-filing of returns facility ensuring ease, avoiding complications

ISLAMABAD: The newly introduced e-filing of returns facility by Federal Bureau of Revenue (FBR) has been ensuring ease and avoiding complications in filing of tax returns.

Published 25 Nov, 2016 11:03am

Markets

Market rates of bullion in Lahore

LAHORE: Following bullion rates were received from markets here on Friday 2016:%DULLION (PER 10 GRAM)%D%A=====================%D%AGOLD TEZABI-24 CT------42695.

Published 25 Nov, 2016 10:59am

Cricket

COAS Raheel Sharif's special present for Shahid Afridi

Pakistan superstar All-rounder Shahid Khan Afridi was presented a beautiful present by none other than the outgoing Chief of the Army Staff (COAS) Raheel Sharif, on Thursday.

Published 25 Nov, 2016 10:54am

Pakistan

Bilawal's demands are just part of PPP election campaign: Abdul Qayyum

ISLAMABAD: The recent demands of Chairman Pakistan People's Party Parliamentarian (PPPP) was just part of election campaign and nothing else as the government was doing more than their demands, Senator Lt.

Published 25 Nov, 2016 10:47am

General News

COAS pays tributes to shuhda

ISLAMABAD: In his farewell visits, Chief of Army Staff (COAS) General Raheel Sharif on Friday addressed officers and men of 10 Corps at Chaklala Garrison.

Published 25 Nov, 2016 10:45am

Pakistan Top News

US Ambassador calls on COAS

ISLAMABAD: Chief of Army Staff (COAS) General Raheel Sharif on Friday was called on by US Ambassador in Pakistan, David Hale.

Published 25 Nov, 2016 10:44am

Business & Economy

SNGPL, SSGCL to set up over 60 LPG-air mix plants

ISLAMABAD: Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) would set up over 60 Liquefied Petroleum Gas (LPG)-air mix plants in selected areas where natural gas supply does not exist.

Published 25 Nov, 2016 10:42am

Industries & Sectors

Petroleum production down 1.71pc in July-Sept

ISLAMABAD,: The petroleum production during the first quarter of current fiscal year (Jul-Sept 2016-17) witnessed decrease of 1.

Published 25 Nov, 2016 10:40am

Front Top News

Wont allow water to enter Pakistan, says Narendra Modi

Indian Prime Minister Narendra Modi while addressing farmers in Indian Punjab on Friday said that water belonging to India cannot be allowed into Pakistan.

Published 25 Nov, 2016 10:32am

Financial

Hong Kong stocks end week with gains

HONG KONG: Hong Kong shares ended the week with healthy gains on Friday, wiping out the previous day's losses and tracking a rally across Asian markets.

Published 25 Nov, 2016 10:16am

Financial

European stocks rise at open

LONDON: Europe's main stock markets rose slightly at the start of trading on Friday, with London's benchmark FTSE 100 index up 0.

Published 25 Nov, 2016 10:10am

Cricket

Wasim Akram to train Sri Lankan bowlers

Pakistan sultan of swing the legendry Wasim Akram would now offer his services to the Sri Lankan fast bowlers, as the former Pakistan captain will be on a brief tour to the island nations later this month to help Sri Lankan players improve their balling s

Published 25 Nov, 2016 09:52am

General News

World Bank expresses sorrow over demise of former caretaker PM Moeen Qureshi

WASHINGTON: The World Bank President, Jim Yong Kim has expressed his deep sorrow over the demise of former caretaker Prime Minister of Pakistan Moeen Qureshi, saying he was a towering figure in the organization and served on many important posts.

Published 25 Nov, 2016 08:52am

Pakistan Top News

India fanning terrorism in Pakistan to sabotage CPEC: Asif

ISLAMABAD: Minister for Defence Khawaja Asif Friday said that India was fanning terrorism in Pakistan to sabotage China Pakistan Economic Corridor (CPEC) "but we would foil its nefarious designs.

Published 25 Nov, 2016 08:49am

Industry

100,000 passengers hit on third day of Lufthansa strike

BERLIN: Germany's flagship airline Lufthansa said 830 domestic and European flights were being scrapped on Friday, affecting more than than 100,000 passengers, on the third day of a strike by pilots demanding higher pay.

Published 25 Nov, 2016 08:48am

Industries & Sectors

NAB recover Rs385mn for illegal increase in medicines prices

ISLAMABAD: Minister for Law and Justice, Zahid Hamid, Friday said the National Accountability has recovered Rs 385.

Published 25 Nov, 2016 08:47am

General News

CM Murad meets Zardari in Dubai

Pakistan People's Party (PPP) Co-Chairman Asif Ali Zardari on Friday held a meeting with Sindh Chief Minister (CM) Murad Ali Shah in Dubai.

Published 25 Nov, 2016 08:22am

Arts

How do Cigarette companies target children in Pakistan?

RECORDER REPORT%D%A%D%AISLAMABAD: A national survey conducted by TheNetwork for Consumer Protection on Thursday revealed that the multinational cigarette manufacturing companies are systematically targeting children as young as six-year-old by using aggre

Published 25 Nov, 2016 08:21am

Cricket

Pak versus NZ: Pakistan fails to exploit yet again

The first Day of the second Test match between Pakistan and New Zealand at Hamilton was marred by rain, as the game was stopped after only 21 overs with the hosts managed to score 77 runs at the loss of 2 wickets, before the day was washed out by rain.

Published 25 Nov, 2016 08:10am

Financial

Australian, NZ dollars at multi-month peak versus yen as yields climb

SYDNEY/WELLINGTON: The Australian dollar jumped on the Japanese yen on Friday as investors piled positions in high-yielding currencies with Aussie bond yields near 11-month highs, tracking US Treasuries.

Published 25 Nov, 2016 07:47am

Commodities

CBOT soybeans to rise to $10.44-1/4

SINGAPORE: CBOT soybeans Jan.

Published 25 Nov, 2016 07:46am

Commodities

CBOT corn may test $3.52-1/4

SINGAPORE: CBOT Dec.

Published 25 Nov, 2016 07:46am

Energy

Vietnam axes $538mn oil refinery project due to delays

HANOI: Vietnam has decided to scrap a $538-million oil refinery project in the country's southern region after investors failed to start construction around eight years after they received the licence, a provincial government official said on Friday.

Published 25 Nov, 2016 07:44am

Front Top News

COAS warns India, says army morale up

MONITORING DESK%D%AKARACHI: Chief of Army Staff (CoAS) General Raheel Sharif on Thursday termed India's so-called 'surgical strike' a 'farce'.

Published 25 Nov, 2016 07:44am

Managed Funds

China's finance ministry sells 3-month bills at 2.1092pc

SHANGHAI: China's Ministry of Finance auctioned 12 billion yuan ($1.

Published 25 Nov, 2016 07:44am

Pakistan Top News

RECORDER REPORT: PSX mid day update

KARACHI: On Friday, until mid day, KSE-100 Index was at 42918.

Published 25 Nov, 2016 07:43am

Industry

Rio Tinto sees potential demand boost, less red tape in Trump presidency

MELBOURNE: Rio Tinto Chief Executive Jean-Sebastien Jacques said on Friday the election of Donald Trump as President of the United States could help boost commodities demand and cut red tape, boosting the mining industry.

Published 25 Nov, 2016 07:40am

Money & Banking

Malaysia's central bank says liquidity available for smooth functioning of markets

KUALA LUMPUR: Malaysia's central bank said on Friday that enough liquidity is available for financial markets to function smoothly, after the regulator's move last week to halt trading of its currency in offshore markets spooked local and global i

Published 25 Nov, 2016 07:38am

Money & Banking

India central bank seen intervening to support rupee

MUMBAI: India's central bank intervened heavily in morning trade on Friday as the rupee fell to around 68.

Published 25 Nov, 2016 07:37am

Financial

China's yuan firms but set to weaken for 3rd straight week

SHANGHAI: China's yuan was headed for its third straight week of losses against the dollar on Friday, despite trading a touch stronger in the morning.

Published 25 Nov, 2016 07:36am

Commodities

Zambia copper concentrate duty to disrupt global copper supplies

MELBOURNE: A plan by Zambia to put a duty on copper concentrates imports could put a kink in the global supply chain for the metal, industry sources said, by forcing neighbouring Democratic Republic of Congo (DRC) to send surplus mine output elsewhere.

Published 25 Nov, 2016 07:35am

Industry

Shanghai steel rallies 5pc as China beats capacity cut target

MANILA: Shanghai rebar steel futures rallied more than 5 percent on Friday to trade near a 30-month high after China said it has cut 88 million tonnes of steel capacity this year, nearly double its target.

Published 25 Nov, 2016 07:32am

Commodities

CBOT wheat neutral in $3.96-1/2 to $4.02-1/2 range

SINGAPORE: CBOT December wheat looks neutral in a range of $3.

Published 25 Nov, 2016 07:29am

Commodities

NY sugar to test support at 19.50 cents

SINGAPORE: New York March sugar is expected to test a support at 19.

Published 25 Nov, 2016 07:28am

Commodities

India may impose curbs on domestic gold holdings

NEW DELHI: The Indian government may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against "black money", news agency NewsRise reported, citing an unnamed finance ministry official.

Published 25 Nov, 2016 07:27am

Commodities

Kenya coffee earnings jump 7.4pc in 2015/16

NAIROBI: Kenya earned 18.

Published 25 Nov, 2016 07:26am

Financial

Australia pension fund Hostplus upbeat on credit, shuns govt bonds

SYDNEY: Australian pension fund Hostplus is keen to invest in credit, property and infrastructure, but sees no value in sovereign bonds, its chief executive said on Friday.

Published 25 Nov, 2016 07:25am

Life & Style

Ali Zafar breaks his no-kissing clause in 'Dear Zindagi'

Pakistani actor Ali Zafar who has always restrained himself from doing intimate scenes in Bollywood movies, seems like the actor has change his no kissing clause from his films contract.

Published 25 Nov, 2016 07:24am

Commodities

NY coffee to drop to $1.5590

SINGAPORE: New York March coffee is expected to drop to $1.

Published 25 Nov, 2016 07:22am

Europe

One Turkish soldier killed, 5 lightly wounded in clashes in Syria

ANKARA: One Turkish soldier was killed and five more were lightly wounded in clashes with Islamic State militants in northern Syria, the Turkish military said on Friday.

Published 25 Nov, 2016 07:15am

Industry

Malaysia's Sime Darby Q1 profit up 37pc on motors unit's strength

KUALA LUMPUR: Malaysian conglomerate Sime Darby Berhad reported a 37 percent rise in first-quarter net profit as higher sales of vehicles at home and in Singapore boosted its motors unit and helped offset sluggishness in its plantation business.

Published 25 Nov, 2016 07:14am

Commodities

Lower palm oil output into early next year likely to support prices

SINGAPORE/NUSA DUA: Lower output of palm oil into early next year and tight supplies of rival soybean oil are likely to bolster prices for the tropical product in the short term after they hit a four-year high this week.

Published 25 Nov, 2016 07:12am

Managed Funds

Japan's GPIF posts $20.9bn investment gain in July-Sept quarter

TOKYO: Japan's Government Pension Investment Fund, the world's largest pension fund, posted a gain of 2.

Published 25 Nov, 2016 07:12am

Financial

Sri Lankan rupee edges down on importer dollar demand; stx up

COLOMBO: The Sri Lankan rupee was trading weaker on Friday due to dollar demand from importers who fear the economic policies of US President-elect Donald Trump could lead to a rise in the greenback and interest rates.

Published 25 Nov, 2016 07:10am

Energy

Saudi Aramco to supply more oil to Asia in January

SINGAPORE: State oil giant Saudi Aramco has agreed to supply some customers in Asia with incremental crude that will load in January, as it holds to a strategy of maintaining market share, three sources with knowledge of the matter said on Friday.

Published 25 Nov, 2016 07:08am

Asia

Japan eyes only modest spending rise, diverging from Trump's promise of stimulus

TOKYO: Japan plans only a modest boost to government spending next year, a budget outline shows, as Prime Minister Shinzo Abe takes a different policy direction than one expected from US President-elect Donald Trump, who has pledged fiscal stimulus.

Published 25 Nov, 2016 07:07am

Financial

Tokyo stocks close at 11-month high

TOKYO: Tokyo's benchmark index closed at an 11-month high Friday, notching up the year's longest winning streak as a sharp drop in the yen boosts the outlook for exporters.

Published 25 Nov, 2016 07:06am

World

Venezuela crisis talks wobble, December meeting key

CARACAS: Talks aimed at easing Venezuela's economic and political crisis are threatening to run off the rails and could come to a head on December 6, opposition members warned Thursday.

Published 25 Nov, 2016 07:03am

Football

Mourinho sets Rooney Europa League goal

MANCHESTER: Manchester United manager Jose Mourinho challenged Wayne Rooney to lead the club to Europa League glory after the England captain broke United's European scoring record against Feyenoord.

Published 25 Nov, 2016 07:01am

Front Top News

PM leaves for two-day Turkmenistan visit

ISLAMABAD: Prime Minister of Pakistan Nawaz Sharif will leave on Friday (today) for two-day state visit to Turkmenistan on the invitation of President Gurbanguly Berdimuhamedov.

Published 25 Nov, 2016 06:59am

World

South Africa braces for credit review as growth falls

JOHANNESBURG: South Africa braced for a potentially damaging credit rating review Friday as Moody's releases its latest assessment amid political tension, reform blockages and weak economic data.

Published 25 Nov, 2016 06:58am

World

Japan suffers longest consumer price fall since 2011

TOKYO: Japan's consumer prices fell in October, government data showed Friday, extending the longest string of declines in five years and underscoring its struggles to conquer deflation.

Published 25 Nov, 2016 06:56am

Money & Banking

Australia banks admit to Malaysian ringgit cartel

SYDNEY: Australian banks ANZ and Macquarie on Friday agreed to pay Aus$15 million (US$11 million) in fines for trying to manipulate the benchmark rate of the Malaysian ringgit.

Published 25 Nov, 2016 06:55am

Financial

Hong Kong stocks edge up in morning

HONG KONG: Hong Kong stocks rose on Friday morning, recovering the previous day's losses and tracking gains across most of Asia's other markets.

Published 25 Nov, 2016 06:54am

Cricket

Pakistan strike twice before rain halts Test

HAMILTON: New Zealand reached 77-2 against Pakistan before rain forced day one of the second and final Test to be abandoned after just 21 overs in Hamilton on Friday.

Published 25 Nov, 2016 06:51am

Asia

China power plant collapse toll rises to 74

SHANGHAI: The death toll from a collapse at a power station under construction in China has risen to 74, state media said Friday, as web users expressed outrage over the country's latest industrial accident.

Published 25 Nov, 2016 06:51am

Cricket

Khawaja, Smith take fight to South Africa

ADELAIDE: Usman Khawaja and captain Steve Smith led the charge for Australia after the loss of two early wickets on the second day of the day-night third Test against South Africa on Friday.

Published 25 Nov, 2016 06:49am

North America

32 bodies, 9 human heads found in Mexico mass graves

MEXICO CITY: Authorities have exhumed 32 bodies and nine heads from several clandestine graves in a southern Mexican state plagued by kidnappings, murders and drug cartel turf wars, officials said Thursday.

Published 25 Nov, 2016 06:49am

Cricket

ICC hits out at du Plessis ball-tampering appeal

ADELAIDE: The International Cricket Council voiced disappointment Friday after South Africa skipper Faf du Plessis said he will appeal his conviction for ball-tampering.

Published 25 Nov, 2016 06:41am

Front Top News

UN Secretary-General expresses concern over LoC situation

NEW YORK: United Nation (UN) Secretary-General Ban Ki-moon has expressed serious concern over the worsening situation in the disputed region, and urged India and Pakistan to work towards sustainable peace.

Published 25 Nov, 2016 06:36am

SBP report laid before Senate

RECORDER REPORT%D%AISLAMABAD: The government on Thursday laid Annual Report 2015-16 (State of the Economy) of Central Board of Directors of State Bank of Pakistan before the Senate, as required under section 9A (f) of SBP Act, 1956.

Published 25 Nov, 2016 06:13am

Business & Economy

July-October rice exports down 19 percent YoY

RIZWAN BHATTI%D%AKARACHI: Pakistan's rice exports declined sharply by 19 percent during July-October of this fiscal year (FY17) mainly due to stiff competition in the world market.

Published 25 Nov, 2016 06:07am

Life & Style

Another Pakistani artiste shot dead in Lahore

Unknown gunmen opened fire on stage actress Kismat Baig and her guard on Thursday as her car passed through Harbanspura area in Lahore.

Published 25 Nov, 2016 05:51am

Shanghai copper soars

Shanghai Futures Exchange copper soared 5.4 percent to finish at 48,210 yuan ($6,967) a tonne on Thursday as investors poured funds into metals in expectation of inflation in China and the United States, and on signs of growing strength in the US manufact