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Archive - 2016-11-28
Finally a video shows proof of aliens?
Technology

Finally a video shows proof of aliens?

A footage taken and uploaded to YouTube by one user has UFO hunters in frenzy, as the video allegedly shows a swarm of UFOs believed to be alien spacecraft - taking off into the dark side of the moon.%D%A%D%A
Updated 10 Oct, 2017 10:26am
WTO rules against tax break for Boeing 777X jet
North America

WTO rules against tax break for Boeing 777X jet

GENEVA: The World Trade Organization (WTO) ruled on Monday a tax break from Washington state to help Boeing develop its new 777X jetliner was a prohibited subsidy, in a setback for the US planemaker as it eyes victory in a parallel case against Airbus.
Published 28 Nov, 2016 08:08pm
Sterling drifts lower, unmoved by Vlieghe message
Financial

Sterling drifts lower, unmoved by Vlieghe message

LONDON: Sterling drifted lower against both the dollar and euro on Monday, with dealers citing one substantial late morning order as having moved currency rates in a session dominated by a correction to recent dollar gains.
Published 28 Nov, 2016 08:05pm
South Africa's rand firms over ratings, Zuma ANC vote
Financial

South Africa's rand firms over ratings, Zuma ANC vote

JOHANNESBURG: South Africa's rand firmed to near three-week highs against the dollar and yields on government bonds fell on Monday after rating agencies Fitch and Moody's affirmed the country's investment-grade credit ratings.
Published 28 Nov, 2016 08:03pm
European shares fall, banks knocked by Italy jitters
Financial

European shares fall, banks knocked by Italy jitters

MILAN/LONDON: European shares fell on Monday, weighed down by a drop in banks which were led lower by Italian lenders which hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi.
Published 28 Nov, 2016 07:49pm
Embraer says most Brazil unions agree to 5pc raise in 2017
World

Embraer says most Brazil unions agree to 5pc raise in 2017

SAO PAULO: Brazilian planemaker Embraer SA on Monday said unions at most of its operations in Brazil had signed collective bargaining agreements, however a metalworkers union at its biggest factory had held off on formalizing the deal.
Published 28 Nov, 2016 07:44pm
Britain's FTSE index slips as Trump rally falters
Financial

Britain's FTSE index slips as Trump rally falters

LONDON: Britain's top share index slipped on Monday as a rally sparked by Donald Trump's election as US president appeared to falter with financial and energy shares showing the biggest declines, though gold miners and utilities rose.
Published 28 Nov, 2016 07:43pm
RugbyU: Geldenhuys hangs up Italy shirt
Sports

RugbyU: Geldenhuys hangs up Italy shirt

MILAN: Italy lock Quintin Geldenhuys on Monday announced his retirement from international rugby after a 67-cap career that saw him captain the Azzurri five times.
Published 28 Nov, 2016 07:04pm
Uncertainty ahead of crucial OPEC meeting
Energy

Uncertainty ahead of crucial OPEC meeting

VIENNA: Mixed signals from OPEC ministers caused fresh volatility on oil markets Monday ahead of a meeting in Vienna meant to nail down a deal reducing the cartel's output by up to a million barrels per day.
Published 28 Nov, 2016 07:02pm
UN says help needed for suffering Hebron
Middle East

UN says help needed for suffering Hebron

HEBRON: The UN's Middle East envoy on Monday warned of a new "spiral of violence" in the flashpoint West Bank city of Hebron unless daily life for its Palestinian residents improves.
Published 28 Nov, 2016 06:51pm
Mourinho charged by FA after dismissal
Football

Mourinho charged by FA after dismissal

LONDON: Jose Mourinho has been charged with improper conduct by the Football Association (FA) after being sent to the stands during Manchester United's 1-1 draw with West Ham United on Sunday, it was announced on Monday.
Published 28 Nov, 2016 06:50pm
PSC technology intervention saving cost on import
Business & Economy

PSC technology intervention saving cost on import

MULTAN: Punjab Seed Corporation (PSC) is the only public sector organisation providing quality seed to farmers at low price and its application of tissue culture technology to develop quality potato seed at home saved hefty cost on import.
Published 28 Nov, 2016 06:02pm
Nepal wants to enhance bilateral trade: Ambassador
Business & Economy

Nepal wants to enhance bilateral trade: Ambassador

RAWALPINDI: Nepal wants to enhance trade relations with Pakistan and appreciated the role of Rawalpindi Chamber of Commerce and Industry (RCCI) for promoting bilateral trade relations and organizing Made in Pakistan Expo for the last seven years.
Published 28 Nov, 2016 06:00pm
FPCCI chief calls for making ECO as a vibrant block
Business & Economy

FPCCI chief calls for making ECO as a vibrant block

ISLAMABAD: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Abdul Rauf Alam on Monday said Economic Cooperation Organisation (ECO) countries have great potential and the importance of this block has increased manifold in t
Published 28 Nov, 2016 05:59pm
Dar chairs 9th NFC meeting
General News

Dar chairs 9th NFC meeting

ISLAMABAD: Federal Finance Minister Senator Mohammad Ishaq Dar Monday chaired the second meeting of the ninth National Finance Commission (NFC) here at Finance Ministry.
Published 28 Nov, 2016 05:58pm
European stocks catch Italian cold
Financial

European stocks catch Italian cold

LONDON: Shares in Italian banks slumped Monday on jitters over the outcome of a crucial weekend referendum, dragging down markets across Europe, while the outlook on an OPEC production deal fluctuated along with oil prices.
Published 28 Nov, 2016 05:57pm
NADRA directed to submit list of cases for CNIC
General News

NADRA directed to submit list of cases for CNIC

KARACHI: The Sindh High Court (SHC) Monday directed the Director General (DG) of National Database & Registration Authority (NADRA) to submit a list of all cases sent by the authority to special branch of police or other agencies for verification of docum
Published 28 Nov, 2016 05:54pm
Police arrested 220 POs in November
General News

Police arrested 220 POs in November

SARGODHA: The district police arrested 220 proclaimed offenders (POs), 88 criminals, and seized 15 rifles, 55 pistols, 18 guns and 526 bullets from them during November.
Published 28 Nov, 2016 05:50pm
Six PR employees suspended on corruption charges
General News

Six PR employees suspended on corruption charges

LAHORE: Pakistan Railways Chief Executive Officer M Javaid Anwar Monday suspended six employees including three officers on the charges of embezzlement in local purchase and substandard construction work in PR Sukkhur division.
Published 28 Nov, 2016 05:49pm
PPP believes in supremacy of parliament: Khursheed
General News

PPP believes in supremacy of parliament: Khursheed

FAISALABAD: Leader of Opposition in the National Assembly Syed Khursheed Ahmad Shah Monday said the Pakistan People's Party (PPP) believed in supremacy of the parliament and all national issues should be settled through consultation.
Published 28 Nov, 2016 05:37pm
Increase in trade with USA needed
Business & Economy

Increase in trade with USA needed

KARACHI: Chairman, Rice Exporters Association of Pakistan (REAP) Mahmood Moulvi has emphasized on increasing bilateral trade of Pakistan and United States of America; especially in agriculture produce.
Published 28 Nov, 2016 05:34pm
OPEC makes last-ditch bid to save oil deal as tensions grow
Energy

OPEC makes last-ditch bid to save oil deal as tensions grow

VIENNA: OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.
Published 28 Nov, 2016 04:03pm
Government to announce a unanimous, equitable NFC soon: Dar
Pakistan Top News

Government to announce a unanimous, equitable NFC soon: Dar

ISLAMABAD: Minister for Finance, Senator Mohammad Ishaq Dar said on Monday reiterated thqt the government's resolve to announce a unanimous and equitable 9th National Finance Commission (NFC) award soon.
Published 28 Nov, 2016 03:31pm
Gen Zubair takes over as CJCSC
Pakistan Top News

Gen Zubair takes over as CJCSC

RAWALPINDI: General Zubair Mahmood Hayat on Monday took over as Chairman Joint Chiefs of Staff Committee (CJCSC).
Published 28 Nov, 2016 03:30pm
Dollar steadies after oil slip, stocks remain groggy
Financial

Dollar steadies after oil slip, stocks remain groggy

LONDON: The dollar steadied after its biggest fall in almost a month on Monday, as doubts about a long-mooted OPEC output cut unsettled oil markets and "Trumpflation" trades that have gripped investors since the US election.
Published 28 Nov, 2016 03:30pm
Statement by ECB's Draghi on euro zone outlook, and on Brexit
Europe

Statement by ECB's Draghi on euro zone outlook, and on Brexit

BRUSSELS: Following is the introductory statement of European Central Bank President Mario Draghi to the ECON committee of the European Parliament in Brussels: I am glad to be back at the European Parliament just a week after the plenary debate on the ECB
Published 28 Nov, 2016 03:14pm
C$ strengthens to nearly 1-week high as oil rallies
Financial

C$ strengthens to nearly 1-week high as oil rallies

TORONTO: The Canadian dollar strengthened to a nearly one-week high against its US counterpart on Monday as oil rallied ahead of a meeting this week of major oil producers, while investors awaited a speech by Bank of Canada Governor Stephen Poloz.
Published 28 Nov, 2016 02:59pm
Oil up in choppy trade as OPEC heavyweights head to Vienna
Energy

Oil up in choppy trade as OPEC heavyweights head to Vienna

LONDON: Oil prices gained more than two percent on Monday in volatile trading after falling as much as two percent, recouping losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday.
Published 28 Nov, 2016 02:58pm
Market rates of bullion in Lahore
Markets

Market rates of bullion in Lahore

LAHORE: Following bullion rates were received from markets here on Monday 2016:%DULLION (PER 10 GRAM)%D%A=====================%D%AGOLD TEZABI-24 CT------42738.
Published 28 Nov, 2016 02:20pm
Exorbitant prices of dry fruits irk Peshawarities
Markets

Exorbitant prices of dry fruits irk Peshawarities

PESHAWAR: With the start of winter season, the shopkeepers in the provincial capital have increased prices of dry fruits forcing Peshawarites to purchase the dry fruits on exorbitant rates due to lukewarm response of district administration.
Published 28 Nov, 2016 02:08pm
Tens of thousands protest against India cash ban
Front Top News

Tens of thousands protest against India cash ban

KOLKATA: Tens of thousands of people joined nationwide protests Monday against India's ban on high-value banknotes, which organisers say has caused a "financial emergency" in a country that operates almost entirely on cash.
Published 28 Nov, 2016 01:38pm
Meet Zalmi's new ambassador Waseem Falcon Khan
Sports

Meet Zalmi's new ambassador Waseem Falcon Khan

Pakistani boxer Muhammad Waseem made the motherland proud after he successfully defended his World Boxing Council (WBC) Silver flyweight champion against Philippines Giemel Magramo on Sunday.
Published 28 Nov, 2016 12:44pm
RECORDER REPORT: PSX close of day
Pakistan Top News

RECORDER REPORT: PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Monday having 43060.
Published 28 Nov, 2016 11:24am
Imran Khan breaks a unique world record
Cricket

Imran Khan breaks a unique world record

Pakistans fast bowler Imran Khan was impressive during the fourth day of the second and last Test match against hosts New Zealand after he grabbed three wickets including the crucial wicket of Black Caps skipper Kane Williamson.
Published 28 Nov, 2016 10:33am
Sterling dips on euro bounce, focus on Draghi hearing
Financial

Sterling dips on euro bounce, focus on Draghi hearing

LONDON: Sterling touched a two-week high against the dollar but slid back against the euro on Monday, with the day's main focus likely to be European Central Bank chief Mario Draghi's testimony in the European Parliament.
Published 28 Nov, 2016 10:24am
Oil slip sends dollar, bond yields skidding
Energy

Oil slip sends dollar, bond yields skidding

LONDON: The dollar saw its biggest drop in almost a month on Monday as a bashing for oil prices on doubts about an OPEC output cut this week left investors reversing "Trumpflation" trades that have gripped markets since the U.
Published 28 Nov, 2016 10:19am
Oil prices gyrate as OPEC heavyweights head to Vienna
Energy

Oil prices gyrate as OPEC heavyweights head to Vienna

LONDON: Oil prices edged higher on Monday, after falling as much as 2 percent in early trading, as the market grappled over the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday aimed at reining in global oversupp
Published 28 Nov, 2016 10:18am
Emirates offers special discounts for Pakistanis
Arts

Emirates offers special discounts for Pakistanis

The UAE based Emirate airlines on account of National Day celebrations is offering discounted fares for its huge Indo-Pak diasporas to some of its most popular destinations in Europe, the US, Far East and South Asia in Economy Class and Business Class.
Published 28 Nov, 2016 09:57am
Sikh militant commander recaptured after India jailbreak
World Top News

Sikh militant commander recaptured after India jailbreak

NEW DELHI: A top Sikh militant commander was recaptured by police in the Indian capital Delhi on Monday, a day after he was freed in a dramatic jailbreak by a gang wearing police uniforms.
Published 28 Nov, 2016 09:46am
US welcomes Pakistans new military leadership
Front Top News

US welcomes Pakistans new military leadership

ISLAMABAD: United States has welcomed the appointments of Qamar Javed Bajwa as new Chief of Army Staff (COAS) and Zubair Hayat as new Chairman of Joint Chiefs of Staff Committee (CJCSC).
Published 28 Nov, 2016 09:36am
Tens of thousands protest against India cash ban
Asia

Tens of thousands protest against India cash ban

KOLKATA: Tens of thousands of people turned out Monday for nationwide protests against India's controversial ban on high-value banknotes, which opposition party organisers say has caused a "financial emergency".
Published 28 Nov, 2016 09:25am
New-look Aussies 'copped a lot', says Lehmann
Cricket

New-look Aussies 'copped a lot', says Lehmann

ADELAIDE: Australia coach Darren Lehmann said his players "copped a lot" of criticism before they emphatically halted a run of Test defeats against South Africa, adding that he'd love to keep his new-look team together.
Published 28 Nov, 2016 09:22am
Gulf markets move sideways in early trade
Financial

Gulf markets move sideways in early trade

DUBAI: Gulf stock markets moved sideways in early trade on Monday with little fresh corporate news to spur buying, while uncertainty over oil prices also deterred some investors.
Published 28 Nov, 2016 08:35am
Bajwa has no social media account: DG ISPR
Front Top News

Bajwa has no social media account: DG ISPR

Director General Inter-Services Public Relations (ISPR) Lieutenant General Asim Bajwa has denied presence of Army Chief-designate General Qamar Javed Bajwa on the social media.
Published 28 Nov, 2016 08:24am
Most Asia markets up but dollar slips against peers
Financial

Most Asia markets up but dollar slips against peers

HONG KONG: Hong Kong led a gain in most Asian markets Monday after officials announced the start of a long-awaited link-up with Shenzhen, but the dollar retreated against most of its peers after its recent surge.
Published 28 Nov, 2016 08:08am
Focused Taylor helps set Pakistan big target
Cricket

Focused Taylor helps set Pakistan big target

HAMILTON: Ross Taylor shrugged off his eye problems to score a superb unbeaten century as New Zealand set Pakistan a formidable 369-run target to win the second Test on Monday.
Published 28 Nov, 2016 08:06am
General Zubair takes over command as new CJCSC
Front Top News

General Zubair takes over command as new CJCSC

RAWALPINDI: General Zubair Mehmood Hayat took charge of Chairman Joint Chiefs of Staff Committee (CJCSC) on Monday from the outgoing General Rashad Mehmood at a change of command ceremony at the Joint Staff Headquarters.
Published 28 Nov, 2016 07:26am
Indian bond yields jump after RBI hikes cash reserve ratio
Managed Funds

Indian bond yields jump after RBI hikes cash reserve ratio

MUMBAI: Indian bonds slumped on Monday, with the benchmark 10-year bond yield up as much as 15 basis points, after the central bank ordered banks to boost cash deposits with it in a bid to absorb excess liquidity generated by a government ban on larger no
Published 28 Nov, 2016 07:11am
Oil prices fall over doubts of planned crude output cut
Energy

Oil prices fall over doubts of planned crude output cut

SINGAPORE: Oil prices fell on Monday, adding to Friday's steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply.
Published 28 Nov, 2016 06:58am
Dollar, US bond yields drop as oil tumbles on output cut doubts
Financial

Dollar, US bond yields drop as oil tumbles on output cut doubts

TOKYO: The dollar and US bond yields fell on Monday as investors reversed a "Trumpflation" trade that has gripped markets since the US elections, after oil prices slid on fears that producer countries meeting this week could fail to agree an output cut.
Published 28 Nov, 2016 06:41am
Govt urged to restore bilateral trade with India
Front Top News

Govt urged to restore bilateral trade with India

The World Bank has urged Pakistan to fully normalise trade relations with India to facilitate deep forms of trade integration as this step would allow Pakistan to benefit from New Delhi's fast growth and promote complementarities, including value chai
Published 28 Nov, 2016 06:38am
Pakistan 1-0, need 369 to beat New Zealand
Cricket

Pakistan 1-0, need 369 to beat New Zealand

HAMILTON: Pakistan were one without loss at stumps on the fourth day of the second Test against New Zealand after being set a target of 369 to win in Hamilton on Monday.
Published 28 Nov, 2016 06:37am
Brazil's president to block any corruption amnesty
Asia

Brazil's president to block any corruption amnesty

BRASLIA: Brazil's President Michel Temer, together with congressional leaders, vowed on Sunday to block any attempt by legislators to grant themselves a corruption amnesty as he sought to defuse a series of scandals.
Published 28 Nov, 2016 04:16am
Mourinho facing more hot water
Football

Mourinho facing more hot water

MANCHESTER: Jose Mourinho faces disciplinary action from the FA, and an almost definite touchline suspension, after being sent to the stands by referee Jon Moss during a 1-1 Premier League home draw with West Ham.
Published 28 Nov, 2016 04:14am
Oil prices fall further in Asia, yen gains hit Tokyo
Financial

Oil prices fall further in Asia, yen gains hit Tokyo

HONG KONG: Oil prices sank further in Asian trade Monday on fears a planned cut in output will not be agreed by top producers this week, while the dollar retreated against most of its peers after its recent surge.
Published 28 Nov, 2016 04:13am
Cavaliers rally to beat 76ers
Sports

Cavaliers rally to beat 76ers

LOS ANGELES: LeBron James delivered his third triple-double of the season as the Cleveland Cavaliers are off to one of the best starts in franchise history with a 112-108 win over Philadelphia on Sunday.
Published 28 Nov, 2016 04:12am
Latham comes good as New Zealand build lead
Cricket

Latham comes good as New Zealand build lead

HAMILTON: Tom Latham snapped out of a batting slump with a half-century as New Zealand set about compiling a healthy lead on the fourth day of the second Test against Pakistan on Monday.
Published 28 Nov, 2016 04:09am
New Zealand 97-1 at lunch, lead by 152
Cricket

New Zealand 97-1 at lunch, lead by 152

HAMILTON: New Zealand were 97 for 1 at lunch on the fourth day of the second Test against Pakistan in Hamilton on Monday to extend their lead to 152.
Published 28 Nov, 2016 04:08am
Terror bid foiled, caches of arms recovered

Terror bid foiled, caches of arms recovered

Security Agencies foiled a major terror bid and recovered huge cache of arms from Chaghai and Dera Murad Jamali on Sunday. According to reports, ontips off, the FC carried out a search operation in Chaghai and recovered a huge of cache of arms in a compou
Published 28 Nov, 2016 12:00am
No place for PML-N in Sindh: Shah Mehmood

No place for PML-N in Sindh: Shah Mehmood

Pakistan Tehreek e Insaf's (PTI) central leader Makhdoom Shah Mahmood Qureshi has said that there is no place for N-League in Sindh province. Talking to party workers gathered at the residence of Gul Muhammad Jakhrani at Sakrand on Sunday, he said that a
Published 28 Nov, 2016 12:00am
LCCI says govt should start Kalabagh Dam

LCCI says govt should start Kalabagh Dam

The Lahore Chamber of Commerce & Industry has strongly condemned the Moodi's threat to stop every drop of water for Pakistan saying that this ugly statement of Indian Prime Minister has proved the opponents of Kalabagh Dam are actually safeguarding the In
Published 28 Nov, 2016 12:00am
WWF-Pakistan, Horlicks host art competition

WWF-Pakistan, Horlicks host art competition

WWF-Pakistan in partnership with Horlicks Pakistan organised the final round of 'Horlicks Dreams for Tomorrow', a Nation-wide Art Competition that aimed to showcase skills and talent of students through art. Around 200000 students from 700 prestigious sch
Published 28 Nov, 2016 12:00am
Helicopter crashes in Iran, killing five

Helicopter crashes in Iran, killing five

Five people on board an Iranian helicopter were killed when it crashed into the Caspian Sea on Sunday, state television reported. The bodies of four crew and a civilian, plus the helicopter, had been found, a security official told state television websit
Published 28 Nov, 2016 12:00am
Danish Prime Minister says has struck a deal to form new government

Danish Prime Minister says has struck a deal to form new government

Denmark's Prime Minister Lars Lokke Rasmussen said on Sunday he had agreed to form a new government with the Liberal Alliance and the Conservative Party. The deal, announced on Twitter, could reduce the risk of snap elections, as Rasmussen's minority gove
Published 28 Nov, 2016 12:00am
Iran may seek naval bases in Yemen or Syria: chief of staff

Iran may seek naval bases in Yemen or Syria: chief of staff

Iran may seek to set up naval bases in Yemen or Syria in the future, the chief of staff of the Iranian armed forces said in remarks published on Sunday. His comments, likely to be of concern to Shia Iran's Sunni regional rival Saudi Arabia and its allies,
Published 28 Nov, 2016 12:00am
Israel forces kill IS-linked gunmen

Israel forces kill IS-linked gunmen

Israeli forces killed four gunmen linked to the Islamic State group after they fired on soldiers Sunday, the military said, in the first such attack on the occupied Golan Heights.
Published 28 Nov, 2016 12:00am
Gaza risks becoming easy launchpad for IS: Qatari minister

Gaza risks becoming easy launchpad for IS: Qatari minister

Palestinian infighting and years of an Israeli blockade could turn the impoverished Gaza Strip into an easy "launching pad" for Islamic State recruiters, Qatar's foreign minister says. The small gas-rich Gulf state is a major backer of Hamas, the armed mo
Published 28 Nov, 2016 12:00am
Shooting kills one in New Orleans French Quarter

Shooting kills one in New Orleans French Quarter

One man was gunned down and nine people wounded in a shootout in the historic French Quarter of the southern US city of New Orleans, police said early Sunday. Some 30 officers rushed to the scene when shots rang out around 1:30 am (0630 GMT), city police
Published 28 Nov, 2016 12:00am
Two Yazidi mass graves found near Iraq's Sinjar

Two Yazidi mass graves found near Iraq's Sinjar

Two graves containing the bodies of Iraqi Yazidis believed to have been killed by the Islamic State group have been discovered in northern Iraq, a local official said. "Two mass graves were found in Um al-Shababik village," Sinjar mayor Mahma Khalil told
Published 28 Nov, 2016 12:00am
Kuwait opposition in strong election showing

Kuwait opposition in strong election showing

Islamist-dominated opposition groups and their allies secured nearly half of the Kuwaiti parliament's seats, official election results showed Sunday, raising fears of fresh political wrangling in the oil-rich Gulf state. The opposition and its allies won
Published 28 Nov, 2016 12:00am
Sri Lanka seeks Trump's help to drop war crimes charges

Sri Lanka seeks Trump's help to drop war crimes charges

Sri Lanka's President Maithripala Sirisena has asked Donald Trump to pressure the UN Human Rights Council to drop war crimes allegations against the country's troops. Sirisena's office said Sunday he had sent a "special message" to president-elect Trump s
Published 28 Nov, 2016 12:00am
Vintage biplane crashes in Kenya, Irish pilots unhurt

Vintage biplane crashes in Kenya, Irish pilots unhurt

An Irish father and daughter team taking part in a cross-Africa rally escaped unhurt after crash-landing their 1930s biplane on the way to Kenya's capital, where participants staged an airshow Sunday, organisers said.
Published 28 Nov, 2016 12:00am
Hundreds flee Syria regime advance into east Aleppo

Hundreds flee Syria regime advance into east Aleppo

Hundreds of civilians have fled rebel-held east Aleppo after government forces, determined to retake all of Syria's second city, seized its largest opposition-controlled district.
Published 28 Nov, 2016 12:00am
Japan's huge pension fund bounces back from losses

Japan's huge pension fund bounces back from losses

Japan's public pension fund, the world's biggest, said Friday it has swung back from huge losses, providing some respite after coming under fire for moving a chunk of its bond-heavy portfolio into riskier equities. The Government Pension Investment Fund s
Published 28 Nov, 2016 12:00am
Japan's huge pension fund bounces back from losses

Japan's huge pension fund bounces back from losses

Japan's public pension fund, the world's biggest, said Friday it has swung back from huge losses, providing some respite after coming under fire for moving a chunk of its bond-heavy portfolio into riskier equities. The Government Pension Investment Fund s
Published 28 Nov, 2016 12:00am
China Securities to launch up to $1.1 billion Hong Kong IPO

China Securities to launch up to $1.1 billion Hong Kong IPO

Brokerage China Securities Finance Co Ltd is set to launch on Monday an up to $1.1 billion Hong Kong initial public offering, raising funds to expand its wealth management, securities trading and overseas business, IFR reported on Thursday, citing people
Published 28 Nov, 2016 12:00am
China Securities to launch up to $1.1 billion Hong Kong IPO

China Securities to launch up to $1.1 billion Hong Kong IPO

Brokerage China Securities Finance Co Ltd is set to launch on Monday an up to $1.1 billion Hong Kong initial public offering, raising funds to expand its wealth management, securities trading and overseas business, IFR reported on Thursday, citing people
Published 28 Nov, 2016 12:00am
Hedge fund stars on track for big pay days

Hedge fund stars on track for big pay days

Many hedge fund managers have reason to cheer even as their investors grouse about lacklustre returns; they are on track to reap a much larger pay-day for 2016 than for 2015. "There have been a lot of reports about hedge fund compensation being down this
Published 28 Nov, 2016 12:00am
Hedge fund stars on track for big pay days

Hedge fund stars on track for big pay days

Many hedge fund managers have reason to cheer even as their investors grouse about lacklustre returns; they are on track to reap a much larger pay-day for 2016 than for 2015. "There have been a lot of reports about hedge fund compensation being down this
Published 28 Nov, 2016 12:00am
Rotation from US bond funds to stocks slows: Lipper

Rotation from US bond funds to stocks slows: Lipper

Investors pulled more money from US-based bond funds during the latest week, Lipper data showed on Friday, adding to an onslaught following the US presidential election. But the $595 million snatched from the bond funds over the seven days through Wednesd
Published 28 Nov, 2016 12:00am
Rotation from US bond funds to stocks slows: Lipper

Rotation from US bond funds to stocks slows: Lipper

Investors pulled more money from US-based bond funds during the latest week, Lipper data showed on Friday, adding to an onslaught following the US presidential election. But the $595 million snatched from the bond funds over the seven days through Wednesd
Published 28 Nov, 2016 12:00am
US stock ETFs attract record eight-day cash inflow

US stock ETFs attract record eight-day cash inflow

Investors moved $45.7 billion into US-listed equity exchange-traded funds (ETFs) in the eight trading days ended Thursday, November 17, in the biggest eight-session inflow on record, according to TrimTabs Investment Research.
Published 28 Nov, 2016 12:00am
US stock ETFs attract record eight-day cash inflow

US stock ETFs attract record eight-day cash inflow

Investors moved $45.7 billion into US-listed equity exchange-traded funds (ETFs) in the eight trading days ended Thursday, November 17, in the biggest eight-session inflow on record, according to TrimTabs Investment Research.
Published 28 Nov, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.65-78.65 (previous 78.63-78.65).
Published 28 Nov, 2016 12:00am
Bangladesh raises local rice purchase price

Bangladesh raises local rice purchase price

Bangladesh raised the price the government will pay to farmers for the upcoming season's rice to 33 taka ($0.42) a kilogram, up from 31 taka a year ago, the food minister said on Sunday. The government will buy 300,000 tonnes of rice from local farmers st
Published 28 Nov, 2016 12:00am
Credit Suisse banker probed for alleged fiduciary duty violations

Credit Suisse banker probed for alleged fiduciary duty violations

Geneva prosecutors have opened legal proceedings against a suspended Credit Suisse banker accused of violating his fiduciary duties in a case brought by wealthy Turkish families who say they lost 300 million Swiss francs ($296 million), SonntagsZeitung re
Published 28 Nov, 2016 12:00am
Arid Saudi Arabia could need '$50 billion' in water investment

Arid Saudi Arabia could need '$50 billion' in water investment

Arid Saudi Arabia could need more than $53 billion in water sector investment supported by private funds as demand grows, officials said on Sunday. The world's largest oil exporter, whose petroleum revenues fell 51 percent last year on declining crude pri
Published 28 Nov, 2016 12:00am
Blackmailers target customers of hacked Liechtenstein bank
Currency

Blackmailers target customers of hacked Liechtenstein bank

Customers of a Chinese-owned Liechtenstein bank are being told by unknown blackmailers they must pay a portion of their savings or face having account details sent to finance authorities and the media, a German newspaper reported on Sunday.
Published 28 Nov, 2016 12:00am
China steps up protection of property rights

China steps up protection of property rights

China will increase protection for property rights, including stepping up oversight of the management of state-owned assets, the Xinhua news agency reported on Sunday, citing guidelines issued by the State Council, China's cabinet. New rules and policies
Published 28 Nov, 2016 12:00am
BMW strongly increases venture capital fund volume

BMW strongly increases venture capital fund volume

BMW is increasing the size of its venture capital fund, BMW i Ventures, to 500 million euros ($530 million) from 100 million, German business daily Handelsblatt said on Sunday, citing an interview with one of the carmaker's board members.
Published 28 Nov, 2016 12:00am
BMW strongly increases venture capital fund volume

BMW strongly increases venture capital fund volume

BMW is increasing the size of its venture capital fund, BMW i Ventures, to 500 million euros ($530 million) from 100 million, German business daily Handelsblatt said on Sunday, citing an interview with one of the carmaker's board members.
Published 28 Nov, 2016 12:00am
Tunisia investment conference aims to kickstart economy

Tunisia investment conference aims to kickstart economy

Tunisia will host 2,000 business and finance executives from 40 countries this week in hopes of drumming up investment to boost its struggling economy. Six years since the revolution that swept away dictator Zine El Abidine Ben Ali, the country's fragile
Published 28 Nov, 2016 12:00am
Coal price surge sets miners against activists by English seaside

Coal price surge sets miners against activists by English seaside

In north-eastern England, a battle is raging between grass roots campaigners and a company intent on digging a new open cast mine as world coal prices soar. A year after Britain closed its last deep coal mine and pledged to phase out coal-fired power gene
Published 28 Nov, 2016 12:00am
Greece 'ready to turn page' on crisis: EU official

Greece 'ready to turn page' on crisis: EU official

Greece is "finally ready to turn the page" on its financial crisis, EU commissioner and former French economy minister Pierre Moscovici said in remarks published Sunday ahead of crunch meetings.
Published 28 Nov, 2016 12:00am
Pilots union open to talks with Lufthansa in pay dispute

Pilots union open to talks with Lufthansa in pay dispute

German pilots union VC said on Sunday it was open to further talks with Lufthansa to try to find a compromise over a long-running pay dispute that caused a four-day strike last week, adding the airline needed to present a new offer.
Published 28 Nov, 2016 12:00am
Kiwis take lead over Pakistan in rain-shortened Test

Kiwis take lead over Pakistan in rain-shortened Test

Tim Southee bagged six wickets as New Zealand took a 55-run lead over Pakistan on a rain-shortened third day of the second Test in Hamilton on Sunday. Only rookie batsman Babar Azam was able to cope with New Zealand's chief strike bowler and he was left s
Published 28 Nov, 2016 12:00am
Sanchez double keeps Arsenal in title hunt

Sanchez double keeps Arsenal in title hunt

Arsenal closed the gap on Premier League leaders Chelsea as Alexis Sanchez bragged a brace in a 3-1 win over Bournemouth on Sunday. Arsene Wenger's side are within three points of top spot after Chile forward Sanchez struck in each half at the Emirates St
Published 28 Nov, 2016 12:00am
Neymar smashes Ferrari in road accident

Neymar smashes Ferrari in road accident

Barcelona's Brazilian star Neymar damaged his Ferrari Spider in a road accident but his club said he was ready to play against Real Sociedad on Sunday night. The 24-year-old striker hit trouble driving to the Barcelona training grounds in rain before the
Published 28 Nov, 2016 12:00am
Sri Lanka win triangular series trophy

Sri Lanka win triangular series trophy

Sri Lanka capped a productive month of cricket in Zimbabwe by lifting the triangular series trophy on Sunday, beating the hosts by six wickets in the final.
Published 28 Nov, 2016 12:00am
Rosberg foils Hamilton to claim maiden title

Rosberg foils Hamilton to claim maiden title

Nico Rosberg clinched his maiden world title on Sunday when he finished second in the Abu Dhabi Grand Prix despite Lewis Hamilton ignoring team orders in his quest to foil the German. The 31-year-old Rosberg concluded the longest season in the sport's his
Published 28 Nov, 2016 12:00am
Ghazanfar wins Chief of Naval Staff Amateur Golf

Ghazanfar wins Chief of Naval Staff Amateur Golf

Ghazanfar Mehmood of Garden City Golf Club Rawalpindi won the 6th Chief of the Naval Staff Amateur Golf Championship that concluded at the internationally ranked Royal Palm Golf and Country Course on Sunday. Mr Malik Muhammad Rafique Rajwana, the Governor
Published 28 Nov, 2016 12:00am
Ashwin gives India edge

Ashwin gives India edge

Ravichandran Ashwin hit an attacking half-century to give India the edge after England's bowlers dented the hosts with quick wickets on day two of the third Test in Mohali on Sunday.
Published 28 Nov, 2016 12:00am
Wells Fargo ushers in next stage of banking shame
Currency

Wells Fargo ushers in next stage of banking shame

The Wells Fargo fake-accounts scandal is ushering in the next stage of banking shame. The lender now needs regulatory approval to hire and fire executives and directors. The Office of the Comptroller of the Currency, which imposed this and other restricti
Published 28 Nov, 2016 12:00am
Maybank third quarter profit falls, lowers loan growth outlook

Maybank third quarter profit falls, lowers loan growth outlook

Malaysia's biggest lender Malayan Banking Berhad (Maybank) said on Thursday it had cut its loan growth projection for the current financial year, after posting a drop in third-quarter profit hurt by a higher tax charge.
Published 28 Nov, 2016 12:00am
Generali to exit weaker markets, cut costs

Generali to exit weaker markets, cut costs

Italy's biggest insurer Generali is looking to raise at least 1 billion euros ($1.06 billion) by selling businesses in unattractive markets and is to cut costs in an effort to boost profit and capital.
Published 28 Nov, 2016 12:00am
Greece's National Bank turns profitable in third quarter

Greece's National Bank turns profitable in third quarter

Greek lender National Bank (NBG) turned profitable in the third quarter, helped by lower trading losses and reduced bad-debt provisions. National Bank, 40 percent owned by the country's bank rescue fund HFSF after its recapitalisation late last year, repo
Published 28 Nov, 2016 12:00am
Investcorp buys stake in Al Borg Medical Laboratories

Investcorp buys stake in Al Borg Medical Laboratories

Investcorp has bought a stake in Saudi Arabia's Al Borg Medical Laboratories, one of the largest private medical laboratory chains in the Gulf, it said on Tuesday. The alternative investment firm did not disclose the size of the stake or the amount it was
Published 28 Nov, 2016 12:00am
Toyota aims to sell more hybrid cars in India

Toyota aims to sell more hybrid cars in India

Toyota Motor Corp expects hybrid cars to make up 20 percent of its total vehicle sales in India by 2020 from less than 2 percent today, a senior company official told Reuters.
Published 28 Nov, 2016 12:00am
Airbus chief more confident on A350 delivery goal

Airbus chief more confident on A350 delivery goal

The chief executive of Airbus Group's commercial jet division said on Thursday he had grown more confident of reaching this year's target of at least 50 A350-900 deliveries.
Published 28 Nov, 2016 12:00am