News Archives for Latest - 2016-12-14

Football

Afghan plastic bag kid got his dream wish, meets idol Messi

The Afghani kid who became an internet sensation after his home-made plastic Messi shirt went viral on social media.

Updated 06 Dec, 2018 10:18am

Energy

Med Crude-Urals differentials soften in northwest Europe

MOSCOW: Urals discounts to dated Brent widened further in northwest Europe on Wednesday partly in response to additional supplies being added to the December loading plan from Baltic ports.

Updated 19 Apr, 2017 12:25pm

Asia

Putin, Abe to take fresh stab at WWII island row

NAGATO: Russia and Japan kick off a summit Thursday aimed at reaching a deal over a group of small islands that have prevented the countries from formally ending their World War II hostilities.

Published 14 Dec, 2016 09:46pm

Money & Banking

Fed raises key interest rate, sees three hikes in 2017

WASHINGTON: The US Federal Reserve on Wednesday raised the benchmark interest rate by a quarter percentage point as expected, citing an improving economy with one month to go before President-elect Donald Trump takes office.

Published 14 Dec, 2016 09:44pm

Money & Banking

Italy's banking problems can be solved, EU will help: Juncker

BRUSSELS: Italy's banking problems can be solved and the EU will do everything to help, European Commission chief Jean-Claude Juncker said Wednesday, dismissing fears of something akin to the euro crisis.

Published 14 Dec, 2016 09:43pm

Industry

Exxon replaces Trump's secretary of State pick Tillerson

NEW YORK: Global oil giant ExxonMobil on Wednesday named company President Darren Woods as CEO to replace Rex Tillerson, President-elect Donald Trump's choice for secretary of State.

Published 14 Dec, 2016 09:40pm

Financial

Dow streak of records ends as Fed hikes interest rates

NEW YORK: Wall Street stocks fell Wednesday after the US Federal Reserve raised interest rates, snapping a seven-day streak of record closes for the Dow.

Published 14 Dec, 2016 09:39pm

Football

Football: Perfect 10 for Chelsea as Liverpool go second

LONDON: Cesc Fabregas's goal earned Chelsea a 1-0 victory at Sunderland on Wednesday -- their 10th in succession -- as Antonio Conte's side surged six points clear at the Premier League summit.

Published 14 Dec, 2016 09:38pm

Industry

China may penalize US automaker over price-fixing; GM, Ford shrs off

SHANGHAI/BEIJING: Shares of US automakers General Motors Co and Ford Motor Co skidded on Wednesday after a Chinese official warned the government could slap a penalty on an unnamed US automaker for monopolistic behavior.

Published 14 Dec, 2016 09:35pm

Commodities

CBOT Trends-Soybeans down 5-6 cents, wheat down 2-3, corn down 1-2

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

Published 14 Dec, 2016 09:33pm

Financial

C$ posts 8-week high ahead of Fed rate decision

TORONTO: The Canadian dollar strengthened to an eight-week high against its US counterpart on Wednesday as broader losses for the greenback ahead of a Federal Reserve interest rate decision eclipsed a dip in oil prices and mixed domestic data.

Published 14 Dec, 2016 09:32pm

World

Canada debt-to-income sets another record high

OTTAWA: Canadian household debt as a share of income hit another record in the third quarter as the pace of borrowing outstripped wage gains, Statistics Canada showed on Wednesday.

Published 14 Dec, 2016 09:32pm

World

Brazil's Temer loses top aide due to graft allegations

BRASILIA: One of Brazilian President Michel Temer's closest aides resigned on Wednesday following allegations he had received graft money from engineering conglomerate Odebrecht in a widening corruption scandal that is besieging the government.

Published 14 Dec, 2016 09:31pm

Commodities

Brazil center-south produces 1.13mn tonnes of sugar in late Nov

SAO PAULO: Brazil's main center-south cane belt produced 1.

Published 14 Dec, 2016 09:29pm

Money & Banking

BoE raises prospect of lower capital requirements for small banks

LONDON: Britain's new banks are likely to obtain relief on the amount of capital they must hold to cover the risk of default on home loans, a top Bank of England official said on Wednesday.

Published 14 Dec, 2016 09:28pm

Money & Banking

Bank of Portugal mildly upbeat on growth in next few years

LISBON: Portugal's moderate economic recovery will persist in the next few years and the annual growth rate is likely to edge up gradually after this year's slowdown to reach 1.

Published 14 Dec, 2016 09:27pm

Middle East

Aleppo hit by air strikes and shelling as evacuation stalls

ALEPPO: Plans to evacuate rebel districts of Aleppo stalled on Wednesday as more fighting rocked the city and insurgents appeared to have rejected new conditions imposed on the deal by Iran.

Published 14 Dec, 2016 09:26pm

Money & Banking

Advisers could reap $345mn in fees from UniCredit rights issue

LONDON: UniCredit's plan to shore up its balance sheet could earn investment banks underwriting its rights issue up to an estimated 325 million euros ($345 million) in fees, the largest such haul for any Italian share sale.

Published 14 Dec, 2016 09:24pm

Industry

Actelion talking to Sanofi after J&J exit

ZURICH/LONDON: Switzerland's Actelion Ltd is in talks with French drugmaker Sanofi about a deal, sources said on Wednesday, after US healthcare group Johnson & Johnson abandoned efforts to buy the company.

Published 14 Dec, 2016 09:23pm

Commodities

Copper steady ahead of Fed decision, helped by China growth signs

LONDON: Copper steadied on Wednesday as investors remained upbeat on China's growth prospects but were anxious ahead of an expected US rate rise and Federal Reserve commentary on the outlook for further monetary tightening and growth next year.

Published 14 Dec, 2016 09:21pm

Financial

Countdown to first Fed hike in a year under way, but focus shifting to 2017

LONDON: World stocks and the US dollar edged lower, while government bond yields fell, with investors certain the Federal Reserve will lift interest rates for the first time in a year on Wednesday but less so about what it may do in 2017.

Published 14 Dec, 2016 09:21pm

Financial

MIDEAST STOCKS-Gulf pulls back on caution before expected US rate hike

DUBAI: Stock markets in the Gulf retreated on Wednesday in shrinking trading volumes as investors turned cautious ahead of the US interest rate hike and guidance from the US central bank expected late in the day.

Published 14 Dec, 2016 09:21pm

Money & Banking

Croatia central bank buys 278mn euros to weaken kuna

ZAGREB: Croatia's central bank said on Wednesday it had bought 278 million euros ($296 million) from commercial banks in an auction at an average rate of 7.

Published 14 Dec, 2016 09:20pm

Middle East

King Salman acknowledges Saudis' economic pain

RIYADH: King Salman told Saudis on Wednesday he recognised that economic restructuring measures adopted in response to a sharp drop in oil prices were painful, but said they were necessary to avoid long-term damage to the country.

Published 14 Dec, 2016 09:20pm

Money & Banking

Czech central bank balance sheet suggests pause in interventions in early December

PRAGUE: The Czech central bank's foreign assets dropped in the first ten days of December, the latest balance sheet data showed on Wednesday, suggesting the bank made no interventions to keep the crown weak to start the month.

Published 14 Dec, 2016 09:18pm

World

Key economic aide to Brazil leader preparing to leave government

BRASILIA: Brazil's infrastructure investment secretary Wellington Moreira Franco, a top aide to President Michel Temer, has drafted his resignation letter and is preparing to leave the government, a source close to the official told Reuters Wednesday.

Published 14 Dec, 2016 09:18pm

Financial

Egypt's pound weakens to almost 19 per dollar as banks seek dollar flows

CAIRO: The Egyptian pound weakened on Wednesday as banks paid more to buy dollars from clients in an effort to attract dollar liquidity into the banking system, but volumes remain low.

Published 14 Dec, 2016 09:17pm

Energy

Kenya fuel price cap review to mid-January

NAIROBI: Kenya's Energy Regulatory Commission (ERC) set on Wednesday the following maximum retail prices for diesel, petrol and kerosene for the month to Jan.

Published 14 Dec, 2016 09:16pm

Commodities

Ivory Coast 2016/17 forward cocoa sales at 1,308,000 T by Nov. 25

ABIDJAN: Ivory Coast, the world's top cocoa grower, had sold forward 1,308,000 tonnes of 2016/17 beans by Nov.

Published 14 Dec, 2016 09:15pm

Europe

Eiffel Tower to go dark in solidarity with people of Aleppo

PARIS: Paris will turn off the famed lights of the Eiffel Tower on Wednesday as a gesture of solidarity with the citizens of the Syrian city of Aleppo, hit by a humanitarian crisis as residents flee heavy fighting.

Published 14 Dec, 2016 09:15pm

Europe

Italian judge approves Credit Suisse tax settlement deal

MILAN: An Italian judge approved a settlement between Credit Suisse AG and the country's authorities on Wednesday under which the Swiss bank will pay 109.

Published 14 Dec, 2016 09:14pm

Europe

EU, Denmark find deal on Europol after Danes voted to quit

BRUSSELS: The European Union and Denmark have found a way to continue police cooperation vital to counterterrorism and crime fighting after Danes voted to leave Europol, two EU sources said.

Published 14 Dec, 2016 09:14pm

Commodities

Indian buyers purchased around 200,000 T Black Sea wheat

HAMBURG: Indian importers in the last week purchased around 200,000 tonnes of wheat from the Black Sea region after India ended wheat import duties, European traders said on Wednesday.

Published 14 Dec, 2016 09:13pm

Financial

European shares retreat from 11-month high, Actelion and Colruyt fall

LONDON/MILAN: European shares fell from an 11-month high on Wednesday, with Switzerland's Actelion slumping after US healthcare company Johnson & Johnson ended discussions over a potential deal with Europe's largest biotech firm.

Published 14 Dec, 2016 09:13pm

World

Hungary's 2016 budget deficit to exceed 2pc/GDP

BUDAPEST: Hungary's 2016 budget deficit will exceed 2 percent of gross domestic product after increased spending late in the year but remain below European Union limits, Prime Minister Viktor Orban's chief of staff said on Wednesday.

Published 14 Dec, 2016 09:13pm

North America

Ex-CIA chief says Trump risks blame for an attack if he skips briefings

DUBAI: Former CIA director Leon Panetta said on Wednesday that President-elect Donald Trump risked being blamed after any potential attack on the United States if he refused to receive more regular intelligence briefings.

Published 14 Dec, 2016 09:12pm

Industry

Gazprom, OMV reach outline deal on swap of Norway, Siberia assets

VIENNA: Russian energy company Gazprom and Austrian oil and gas group OMV reached an outline deal on Wednesday to swap a 38.

Published 14 Dec, 2016 09:11pm

Europe

Germany expects consensus for Russia sanctions extension at EU summit

BERLIN: Germany expects a consensus at an EU summit on Thursday for extending economic sanctions against Russia by six months for its intervention in Ukraine, a senior German official said.

Published 14 Dec, 2016 09:10pm

Financial

Stocks, dollar edge lower as countdown to Fed begins

NEW YORK: World stock indexes and the US dollar eased on Wednesday ahead the US Federal Reserve's statement and expected interest rate increase, with investors bracing for what the central bank may signal about future hikes.

Published 14 Dec, 2016 09:08pm

Commodities

Global zinc market deficit narrows slightly in Oct

LONDON: The global zinc market deficit narrowed slightly to 17,000 tonnes in October from a deficit of 20,000 tonnes in September, data from the International Lead and Zinc Study Group (ILZSG) showed on Wednesday.

Published 14 Dec, 2016 09:08pm

Commodities

Gold ticks higher, awaiting Fed rate decision, 2017 view

LONDON: Gold hovered at slightly firmer levels on Wednesday as investors kept to the sidelines, confident that the US central bank would raise interest rates but unsure about what guidance it would give for next year.

Published 14 Dec, 2016 09:07pm

World

Greek Jan-Nov central govt budget surplus beats target

ATHENS: Greece's central government registered a primary budget surplus of 7.

Published 14 Dec, 2016 09:07pm

Money & Banking

Hungarian central bank seen holding base rate, cutting 3-month depos

BUDAPEST: Hungary's central bank will keep its base rate unchanged but could announce a further cut in its 3-month deposits next Tuesday in order to ease monetary conditions and drive interbank rates lower, a Reuters poll showed on Wednesday.

Published 14 Dec, 2016 09:05pm

Money & Banking

US rates futures add gains after retail sales data

NEW YORK: Short-term US interest rates futures extended their earlier rise early Wednesday as a smaller-than-forecast rise in retail sales in November reduced bets the Federal Reserve would ratchet up its pace on raising interest rates.

Published 14 Dec, 2016 08:53pm

Africa

Nigeria's Buhari presents 7.298 trillion naira 2017 budget to lawmakers

LAGOS: Nigeria's President Muhammadu Buhari on Wednesday presented a record 7.

Published 14 Dec, 2016 08:52pm

World

Nigeria's Buhari presents record budget for 2017 in bid to end recession

LAGOS: Nigeria's President Muhammadu Buhari on Wednesday presented a record 7.

Published 14 Dec, 2016 08:51pm

Energy

Oil prices fall on rising US crude stocks, 2017 overhang

LONDON: Oil prices fell on Wednesday following a reported rise in US crude inventories and as OPEC signalled a growing crude surplus next year unless production cuts are implemented.

Published 14 Dec, 2016 08:50pm

Energy

OPEC signals larger 2017 oil surplus, unless cuts implemented

LONDON: OPEC on Wednesday signalled a growing oil supply surplus next year unless members implement their deal to curb output from record levels and outside producers also deliver on cutback pledges made at the weekend.

Published 14 Dec, 2016 08:50pm

Europe

PM May condemns UK's worst rail strike in two decades

LONDON: British Prime Minister Theresa May condemned as "appalling" a rail strike that left hundreds of thousands of London commuters facing a second day of travel chaos on Wednesday.

Published 14 Dec, 2016 08:49pm

World

Poland's Oct C/A gap at EUR 393mn, smaller than forecast

WARSAW: Poland's current account balance stood at a deficit of 393 million euros ($418.

Published 14 Dec, 2016 08:49pm

Energy

Poland's PKN says buys 1mn oil barrels from Iran

WARSAW: Poland's biggest oil refiner PKN Orlen said on Wednesday it bought 1 million barrels of Iranian Light oil from National Iranian Oil Company (NIOC).

Published 14 Dec, 2016 08:48pm

Industry

Proposed new capital rules threaten struggling shipping sector

LONDON: The global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a sector already weighed down by toxic debt, bankers involved say.

Published 14 Dec, 2016 08:47pm

Europe

Romania's top court clears wage hikes for healthcare, education

BUCHAREST: Romania's top court ruled on Wednesday that double digit wage hikes for state workers in education and healthcare approved one month before Sunday's parliamentary election were constitutional, chief justice Valer Dorneanu said.

Published 14 Dec, 2016 08:45pm

World

Russia says grain export capacity up ninefold in last 14 years

MOSCOW: Russia, expected to become the world's top wheat exporter this season, has ramped up its grain export capacity to 45 million tonnes and will now focus on infrastructure in remote areas, Agriculture Minister Alexander Tkachev said on Wednesday.

Published 14 Dec, 2016 08:45pm

Football

Soccer-Kashima beat Atletico to reach Club World Cup final

OSAKA: Kashima Antlers became the first Asian side to reach the Club World Cup final when they beat Colombia's South American champions Atletico Nacional 3-0 on Wednesday.

Published 14 Dec, 2016 08:44pm

Commodities

Sugar at new six-month lows on fund liquidation

LONDON: Raw sugar futures hit new six-month lows on Wednesday as funds reacted to technical sell signals and liquidated long bets, and analysts predicted a record crop next year.

Published 14 Dec, 2016 08:44pm

Money & Banking

Swedish central bank winning currency war, but costs mounting

STOCKHOLM: Presiding over one of 2016's worst performing currencies in the developed world would normally be an unwanted accolade, but for Sweden's Riksbank it is a proof its gamble on negative rates and money-printing has so far paid off.

Published 14 Dec, 2016 08:42pm

World Top News

Syrian government must prevent reprisals in Aleppo: UN

GENEVA: UN war crimes investigators said on Wednesday the Syrian government bore the main responsibility for preventing any attacks and reprisals in eastern Aleppo and that it must hold to account any troops or allied forces committing violations.

Published 14 Dec, 2016 08:41pm

Middle East

Syrian leader Assad's Shia allies helped him win in Aleppo

BEIRUT/AMMAN/GENEVA: When rebel fighters launched a last desperate attempt to break the siege of Aleppo in October, they were beaten back - not by the Syrian army but by the Lebanese Shia group Hezbollah fighting on its behalf, a senior official in the pr

Published 14 Dec, 2016 08:40pm

Africa

Tanzania's Magufuli takes anti-corruption drive to ruling party

DAR ES SALAAM: Tanzania's president, John Magufuli, has vowed to root out corruption in his ruling party, threatening "no mercy" for anyone giving or taking bribes.

Published 14 Dec, 2016 08:39pm

Industry

Tata Motors director alleges governance lapses by parent Tata Sons

NEW DELHI: An independent director of Tata Motors has alleged governance lapses by the automaker's parent, Tata Sons, and said it wrongly influenced directors, stirring up a public power struggle at India's biggest conglomerate.

Published 14 Dec, 2016 08:38pm

Europe

Trial of IMF's Lagarde hears that payout decision was rushed through

PARIS: A French ex-treasury official told a court trying IMF chief Christine Lagarde for negligence on Wednesday that he had been shocked at how quickly the government had given up on contesting a huge state payout to business tycoon Bernard Tapie in 2008

Published 14 Dec, 2016 08:37pm

North America

Trump picks climate skeptic Perry for top US energy job

WASHINGTON: President-elect Donald Trump on Wednesday named former Texas Governor Rick Perry to head the US Department of Energy, handing the job to a climate change skeptic with close ties to the oil industry who once proposed abolishing the department.

Published 14 Dec, 2016 08:36pm

Commodities

Tunisia gets offers in soft wheat, durum, barley tenders

HAMBURG: The lowest offer in the international tender from Tunisia's state grains agency on Wednesday to purchase 92,000 tonnes of soft milling wheat was $192.

Published 14 Dec, 2016 08:36pm

Europe

Turkish foreign minister talks to US counterpart

ANKARA: Turkish Foreign Minister Mevlut Cavusoglu spoke by phone with his US counterpart on Wednesday, sources in the Turkish foreign ministry said, as Ankara tried to keep a fragile truce in Syria's Aleppo on track.

Published 14 Dec, 2016 08:35pm

Europe

UK employment slips from post-referendum record, wages strengthen

LONDON: The number of people in work in Britain has fallen slightly for the first time in over a year, suggesting that a six-year expansion in the labour market may be coming to an end ahead of a Brexit-led economic slowdown which is expected next year.

Published 14 Dec, 2016 08:34pm

Money & Banking

Ukraine central bank extends currency controls over IMF delays

KIEV: Ukraine's central bank extended on Wednesday currency controls including the mandatory sale of 65 percent of foreign currency revenue by exporters, citing increased political instability and delayed loans from the International Monetary Fund.

Published 14 Dec, 2016 08:33pm

North America

UN chief condemns army takeover of Gambia elections commission

UNITED NATIONS: United Nations Secretary-General Ban Ki-moon condemned on Wednesday the takeover of Gambia's elections commission headquarters by soldiers and called for them to vacate the building immediately, a spokesman said.

Published 14 Dec, 2016 08:30pm

Africa

UN envoy says Gambia's Jammeh must leave power by Jan. 19

DAKAR: The United Nations Special Representative for West Africa said on Wednesday that Gambia's President Yahya Jammeh would be "strongly sanctioned" if he sought to remain in power after his mandate ends next month.

Published 14 Dec, 2016 08:20pm

Managed Funds

US bond yields hit session lows after retail sales data

NEW YORK: Yields on longer-dated US Treasuries touched session lows early Wednesday as weaker-than-forecast rise in retail sales in November reduced expectations of a pickup in US consumer spending in the fourth quarter.

Published 14 Dec, 2016 08:19pm

Industry

US industrial output falls as utilities, manufacturing weaken

WASHINGTON: US industrial production fell 0.

Published 14 Dec, 2016 08:19pm

World

US mortgage activity falls as 30-year rates hit 2-year highs

NEW YORK: US mortgage application activity declined for a third straight week as interest rates on 30-year fixed-rate home loans reached their highest levels in more than two years, Mortgage Bankers Association data released on Wednesday showed.

Published 14 Dec, 2016 08:18pm

World

US retail sales slow in November; producer prices increase

WASHINGTON: US retail sales barely rose in November as households cut back on purchases of motor vehicles, suggesting some loss of momentum in economic growth in the fourth quarter.

Published 14 Dec, 2016 08:18pm

Financial

Wall St set to open flat as Fed decision looms

NEW YORK: Wall Street looked set to open little changed on Wednesday, a day after all three major indexes hit record highs, as investors refrained from making large bets ahead of the outcome of the US Federal Reserve meeting where the central bank is wide

Published 14 Dec, 2016 08:17pm

Energy

West Africa Crude-Overhang lingers with new programmes due to emerge

LONDON: Around 35-40 cargoes of Nigerian crude remained in January and around a dozen Angolan cargoes.

Published 14 Dec, 2016 08:16pm

Pakistan Top News

PIA spokesman refutes baseless reports about ill-fated ATR aircraft

KARACHI: A spokesman for the Pakistan International Airlines (PIA) Wednesday strongly rebutted a news item reported by a section of media that the ill-fated ATR aircraft (PK-661 flight) had some known defect and yet was operated on the instructions of the

Published 14 Dec, 2016 08:15pm

Commodities

Wheat prices ease, corn down from five-month high

SINGAPORE/PARIS: Chicago wheat and corn futures lost ground on Wednesday as the market took a breather after seeing strong gains driven by short-covering and improved demand for US cargoes.

Published 14 Dec, 2016 08:13pm

Life & Style

Amazon completes its first drone delivery, in England

WASHINGTON: Amazon said Wednesday it completed its first delivery by drone, in what the global online giant hopes will become a trend in automated shipments by air.

Published 14 Dec, 2016 08:11pm

Europe

Eurozone halts Greece debt relief over Tsipras steps: spokesman

BRUSSELS: Eurozone finance ministers on Wednesday suspended debt relief measures for bailed-out Greece in response to extra spending on pensions announced by Greek Prime Minister Alexis Tsipras.

Published 14 Dec, 2016 08:10pm

Football

Football: Germany 'keeper hit with speeding ban

BERLIN: Borussia Dortmund's Germany goalkeeper Roman Weidenfeller has been banned from driving for three months after being caught speeding at 171 kilometres (106 miles) per hour.

Published 14 Dec, 2016 08:09pm

Industry

Goldman Sachs unveils CEO succession plan

NEW YORK: Goldman Sachs named a pair of executives Wednesday to replace president Gary Cohn, who is joining the Trump administration, to potentially succeed chief executive Lloyd Blankfein in the coming years.

Published 14 Dec, 2016 08:08pm

World

Iceland cuts interest rate as currency advances

REYKJAVIK: Iceland's central bank on Wednesday shaved its key interest rate by a quarter of a point to 5.

Published 14 Dec, 2016 08:06pm

Africa

Kiir calls for 'national dialogue' to end South Sudan war

JUBA: President Salva Kiir called Wednesday for a "national dialogue" to end the three-year-long civil war in South Sudan.

Published 14 Dec, 2016 08:05pm

Pakistan Top News

Putin is world's most powerful man, Trump in second: Forbes

NEW YORK: Vladimir Putin was the world's most powerful person for a fourth straight year in 2016, with US president-elect Donald Trump in second place, Forbes magazine said Wednesday in its annual rankings.

Published 14 Dec, 2016 08:04pm

Middle East

Rebel rocket fire kills seven in Aleppo: state TV

DAMASCUS: Rebel rocket fire on government-held parts of Syria's second city Aleppo killed seven people and wounded others, state television said Wednesday after fighting resumed and an evacuation deal was suspended.

Published 14 Dec, 2016 08:03pm

Sports

RugbyU: Jones's England set for Aussie and Puma rematches next year

LONDON: Australia and Argentina will get a chance of revenge next year for defeats by Six Nations Grand Slam winners England in the November Tests, it was announced by the Rugby Football Union on Wednesday.

Published 14 Dec, 2016 08:00pm

World Top News

Saudi rejects interference in Yemen: King

RIYADH: Saudi Arabia is determined to prevent external "interference" in neighbouring war-torn Yemen, King Salman said in an annual address on Wednesday.

Published 14 Dec, 2016 07:59pm

Europe

Spanish police arrest 200 Chinese in telephone fraud scam

MADRID: Spanish police have arrested more than 200 Chinese nationals suspected of running call centres from luxury villas that swindled over 16 million euros ($17 million) from their compatriots in China, officers said Wednesday.

Published 14 Dec, 2016 07:56pm

World Top News

Trump meets with tech execs, including his critics

NEW YORK: US President-elect Donald Trump sits down Wednesday with top tech executives -- including several of his sharpest critics -- to mend fences after a divisive election in which the majority of Silicon Valley backed Hillary Clinton.

Published 14 Dec, 2016 07:55pm

Europe

Turkey's Erdogan says he will discuss Aleppo truce with Russia's Putin

ANKARA: Turkey's president said Wednesday he would speak with Russian counterpart Vladimir Putin in an effort to rescue a ceasefire deal which would allow civilians and rebel fighters to be evacuated from Syria's Aleppo.

Published 14 Dec, 2016 07:55pm

Industry

Uber adds San Francisco to self-driving car project

SAN FRANCISCO: Uber announced Wednesday that it would extend its testing of autonomous vehicles to San Francisco, the second city in its ambitious autonomous ride-sharing project.

Published 14 Dec, 2016 07:54pm

General News

Abdul Rehman aka Bhola remanded in policy custody

KARACHI: An Anti-Terrorism Court (ATC) Wednesday handed over the wanted accused in Baldia's garment factory fire incident to the police for physical remand by December 19.

Published 14 Dec, 2016 07:52pm

General News

All district headquarters to be developed: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that he was taking personal interest in the development of each and every district of the province and no district would be left undeveloped.

Published 14 Dec, 2016 07:51pm

General News

ATC reserved judgement in a case against leaders of MQM-London

HYDERABAD: The Anti Terrorism Court here Wednesday reserved judgment in a case in which Muttahida Qaumi Movement-London's leader Momin Khan Momin and others are nominated.

Published 14 Dec, 2016 07:51pm

General News

Autumn flower show in full swing

RAWALPINDI: The five-day autumn flower exhibition, which began here on Dec 11, was in full swing, Director General Parks and Horticultural Agency Abid Malik said Wednesday.

Published 14 Dec, 2016 07:36pm

General News

COAS lauds support of people for Karachi operation's success

KARACHI: Chief of the Army Staff (COAS) General Qamar Javed Bajwa, Wednesday visited Corps Headquarters and Rangers HQs Karachi.

Published 14 Dec, 2016 07:34pm

Pakistan Top News

COAS visits Corps, Rangers HQs Karachi

RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa Wednesday visited Corps Headquarters and Rangers Headquarters Karachi.

Published 14 Dec, 2016 07:34pm

Pakistan Top News

Dar chairs meeting on Anti Money Laundering

ISLAMABAD: Finance Minister Mohammad Ishaq Dar Wednesday chaired a meeting on Anti Money Laundering (AML) regime and its implementation in Pakistan.

Published 14 Dec, 2016 07:33pm

Business & Economy

LCCI suggests launching of shares of Bhasha, other dams in stock markets

LAHORE: Lahore Chamber of Commerce & Industry (LCCI) Wednesday suggested the Ministry of Finance to launch shares of Diamir Bhasha and other proposed dams in domestic and international stock markets to generate funds for the mega projects.

Published 14 Dec, 2016 07:31pm

No question of refusing details of written off loans arises: SBP

KARACHI: State Bank of Pakistan has explained some facts about the written off loans and made it clear that it has never refused to give details to the Parliament in this regard.

Published 14 Dec, 2016 07:29pm

General News

Providing power supply with better voltages top priority: CEO MEPCO

MULTAN: MEPCO Chief Executive Officer Engineer Masood Salahuddin said that consumers complaints were being reduced gradually by putting complaint center on modern lines.

Published 14 Dec, 2016 07:28pm

General News

Senate bodies for preparing draft pre-marital blood screening bill with consensus

ISLAMABAD: A joint meeting of Senate committees Wednesday asked four ministries to prepare the draft Pre-marital Blood Screening (Family Laws Amendment) Bill, 2016 with consensus.

Published 14 Dec, 2016 07:26pm

General News

Speakers for focusing on inclusive investment on CPEC initiative

KARACHI: For making China-Pakistan Economic Corridor (CPEC) a success story, Pakistani businessmen at a conference here on Wednesday called for focus on inclusive investment where local people be duly benefitted and local investors' active participati

Published 14 Dec, 2016 07:23pm

General News

Operation against terrorism to attain success by providing employment to masses: Kamal

HYDERABAD: The Pak Sarzameen Party's (PSP) Chairman Syed Mustafa Kamal said security operation against terrorism would attain success when the lives of the ordinary people were also transformed by providing them employment and facilities.

Published 14 Dec, 2016 05:08pm

Financial

US stocks flat ahead of Fed announcement %9

NEW YORK: Wall Street stocks were little changed early Wednesday ahead of a Federal Reserve policy announcement that is expected to result in an interest rate hike.

Published 14 Dec, 2016 05:05pm

Pakistan Top News

Trump, Pakistani leadership share views on counter-terrorism operations

WASHINGTON: Special Assistant to the Prime Minister on Foreign Affairs Syed Tariq Fatemi has said that US President-elect Donald Trump's views on counter-terrorism operations align with those of Pakistan's leadership, and Islamabad is looking forw

Published 14 Dec, 2016 05:04pm

General News

Dr. Asim's hearing against references adjourned

KARACHI: An Accountability Court Wednesday adjourned the hearing of alleged corruption references against the former Petroleum Minister and PPP President Karachi Division Dr.

Published 14 Dec, 2016 05:03pm

Front Top News

Junaid Jamshed's body arrives

KARACHI: The dead body of noted religious scholar, Junaid Jamshed, arrived here on Wednesday evening from Islamabad.

Published 14 Dec, 2016 04:44pm

Pakistan Top News

Junaid Jamshed's funeral prayer held at PAF Nur Khan Base

ISLAMABAD: Funeral prayer of renowned Islamic preacher Junaid Jamshed Wednesday held at Pakistan Air Force (PAF) Nur Khan Base.

Published 14 Dec, 2016 04:34pm

Cricket

Pakistan newest prodigy Asghar, confident against the Aussies

For every Asian cricketer making big in Australia remains the ultimate dream, as one might not be a fault that in the cricketing world if you make it in Australia you can make it anywhere.

Published 14 Dec, 2016 02:37pm

Business & Economy

Dar directs BoI to formulate long term investment plan

ISLAMABAD: Minister for Finance Mohammad Ishaq Dar Wednesday directed the Board of Investment (BoI) for formulating a long term investment plan focusing on sectors which had potential to absorb maximum investments and create more job opportunities in coun

Published 14 Dec, 2016 02:29pm

CDNS achieves Rs92bn target by Dec 08

ISLAMABAD: The Central Directorate of National Savings (CDNS) achieved Rs 92 billion in last months of second quarter of current fiscal year from July 1 to December 08, 2016-17.

Published 14 Dec, 2016 02:26pm

Pakistan Top News

Dar directs SECP to consult stakeholders on Draft Modaraba Act, 2016

ISLAMABAD: Federal Finance Minister, Senator Mohammad Ishaq Dar on Wednesday directed the Security Exchange Commission of Pakistan (SECP) to consult all the relevant stakeholders on Draft Modaraba Companies and Modaraba (Floatation and Control) Ordinance,

Published 14 Dec, 2016 02:25pm

Pakistan Top News

Use of innovation, technology can make Pakistan export powerhouse: WB report

ISLAMABAD: South Asia could become the fastest growing exporting region of the world if authorities in Pakistan and its South Asian neighbors implement a set of policy actions aimed at improving the business environment, connecting to global value chains

Published 14 Dec, 2016 02:24pm

World

US retail sales growth slows in November

WASHINGTON: US retail sales edged upwards as the holiday season approached in November but were significantly slower than in prior month, the Commerce Department said Wednesday.

Published 14 Dec, 2016 02:22pm

General News

Japanese ambassador meets CM Sindh

KARACHI: Ambassador of Japan, Takashi Kurai called on Sindh Chief Minister Syed Murad Ali Shah Wednesday at CM House and discussed Japan assisted development schemes with him.

Published 14 Dec, 2016 02:21pm

General News

Hearing relating to Sharmila adjourned till Dec 23

KARACHI: The hearing of a petition seeking court's directives against the National Accountability Bureau (NAB)'s declaration of ineligibility for holding any government office by the former special assistant to Chief Minister Sharmila Farooqui adj

Published 14 Dec, 2016 02:19pm

Money & Banking

China new bank loans grow modestly in November

SHANGHAI: Chinese bank lending grew modestly month-on-month in November, official data showed Wednesday, after being almost halved in October, the latest indication that the country's economy may be stabilising.

Published 14 Dec, 2016 02:13pm

General News

Chairman Senate for further strengthening bilateral ties with Sweden

ISLAMABAD: Chairman Senate Mian Raza Rabbani Wednesday called for further strengthening of bilateral ties between Pakistan and Sweden by enhancing the existing trade and business relations as well as parliamentary interactions between the two countries.

Published 14 Dec, 2016 02:13pm

General News

Rs25.603bn spent on foreign missions employees in three years

ISLAMABAD: The National Assembly was informed Wednesday that during last three years Rs 25.

Published 14 Dec, 2016 02:10pm

General News

LHC dismisses plea against PM, CM

LAHORE: The Lahore High Court (LHC) on Wednesday dismissed a petition seeking disqualification of Prime Minister Muhammad Nawaz Sharif and Punjab Chief Minister Muhammad Shehbaz Sharif for being non-maintainable.

Published 14 Dec, 2016 02:08pm

General News

Our success lies in following noble life of Prophet Muhammad (PBUH): Abbas

ISLAMABAD: Syed Ibne Abbas, Pakistan High Commissioner to the UK said that our success lies in following the noble life of Prophet Hazrat Muhammad (Peace Be Upon Him).

Published 14 Dec, 2016 02:08pm

General News

Musharraf arrest warrants case: hearing adjourned till Dec 22

ISLAMABAD: A lower court of Islamabad adjourned hearing of the case regarding non-bailable arrest warrants of former dictator Pervez Musharraf and confiscation of his property till December 22.

Published 14 Dec, 2016 02:06pm

General News

Opportunities being provided to youth to get technical education: Governor

PESHAWAR: Governor Khyber Pakhtunkhwa, Engineer Iqbal Zafar Jhagra said on Wednesday that opportunities were being provided to the youth to get technical education as it was the only path to prosperity and development.

Published 14 Dec, 2016 02:03pm

Business & Economy

Bullion Prices on Wednesday

KARACHI: Following were the Bullion Prices in Karachi, Hyderabad, Multan and Lahore on Wednesday.

Published 14 Dec, 2016 01:58pm

Industry

China to fine US automaker

BEIJING: China will slap fines on an unnamed US carmaker for monopolistic behaviour, the state-run China Daily said Wednesday, as rhetoric over trade heats up between Beijing and US president-elect Donald Trump.

Published 14 Dec, 2016 01:57pm

North America

Trump taps ex-Texas governor Perry as energy secretary

WASHINGTON: President-elect Donald Trump tapped former Texas governor Rick Perry, who once famously said he would abolish the Energy Department, to serve as its secretary Wednesday.

Published 14 Dec, 2016 01:54pm

Sports

ITF sticks to its decision of holding Davis Cup tie in Pakistan

LAHORE: The International Tennis Federation (ITF) stuck to its earlier decision of holding the 1st round of Davis Cup tie between Pakistan and Iran at Islamabad early next year.

Published 14 Dec, 2016 01:53pm

General News

Court adjourns hearing of the case against PSP president Anees Qaimkhani

HYDERABAD: The District and Session Court here Wednesday adjourned hearing of the case in which the Pak Sarzameen Party's President Anees Qaimkhani is indicted after recording statement of one of the witnesses.

Published 14 Dec, 2016 01:53pm

Pakistan

PTI dragging baseless issue for saving its politics: Rana Tanveer

LAHORE: Federal Minister for Defence Production and Science & Technology Rana Tanveer Hussain has alleged the PTI chairman is dragging baseless issue of Panama Leaks for saving his declining politics.

Published 14 Dec, 2016 01:47pm

Markets

Bullion prices in Hyderabad gold market

HYDERABAD: Following were the bullion prices in Hyderabad Gold Market on Wednesday.

Published 14 Dec, 2016 01:45pm

Balloting of Rs200 bonds to be held on Thursday

FAISALABAD: Balloting of prize bond Rs.

Published 14 Dec, 2016 01:42pm

General News

Jatoi inaugurates CFTC for uplifting quality of small arms

PESHAWAR: Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi here inaugurated Common Facility and Training Centre (CFTC) established under the auspices of Pakistan Hunting & Sporting Arms Development Company (PHSADC) for the uplifti

Published 14 Dec, 2016 01:40pm

General News

Railway engineering to be taught as a subject

LAHORE: Pakistan Railways Minister Khawaja Saad Rafique has said that subject of railway engineering will be included in the syllabus of technical colleges and engineering universities.

Published 14 Dec, 2016 01:36pm

General News

Four injured in bomb blast

SUKKUR: Four persons were injured as a result of bomb blast on Rohri Highway on Wednesday.

Published 14 Dec, 2016 01:36pm

General News

Railways to run Special train on Christmas

LAHORE: The Pakistan Railways will run a Special Human Rights train on the eve of Christmas to express harmony and solidarity with the Christians.

Published 14 Dec, 2016 01:31pm

Europe

Germany provides 46mn euros in grant to Jordan

AMMAN: The Special Representative of the German Federal Government for the Middle East Stability Partnership, Joachim Rucker, said the German government has agreed to provide more financial commitments to Jordan worth 46 million euros, putting the total v

Published 14 Dec, 2016 01:30pm

Pakistan Top News

US to provide $81mn for Kurram Tangi Dam's Stage-I

ISLAMABAD: The United States Wednesday signed an agreement to provide $81 million (over Rs 8.

Published 14 Dec, 2016 01:29pm

General News

Two murder convicts acquitted over lack of evidences

ISLAMABAD: The Supreme Court on Wednesday acquitted two murder convicts over lack of evidences.

Published 14 Dec, 2016 01:24pm

Pakistan

Senate body passes resolution against Indian minister's statement

ISLAMABAD: Senate Standing Committee on Interior and Narcotics Control Wednesday strongly condemned and passed a resolution against Indian Home Minister Rajnath Singh's statement to break Pakistan into pieces.

Published 14 Dec, 2016 01:23pm

General News

President lauds NDU role in education sector

ISLAMABAD: President Mamnoon Hussain Wednesday commended the role of National Defence University (NDU) in imparting quality education and training, besides carrying out research work in the defence strategies.

Published 14 Dec, 2016 01:22pm

General News

Envoys-designate of seven countries present credentials to President

ISLAMABAD: Envoys-designate of seven countries, including Yemen, Kuwait, Romania, Mali, Colombia, Mauritania and Albania, presented their credentials to President Mamnoon Hussain in an impressive ceremony held here at the Aiwan-e-Sadr on Wednesday.

Published 14 Dec, 2016 01:22pm

General News

NAB becomes facilitator for corrupt: Justice Azmat

ISLAMABAD: Justice Sheikh Azmat Saeed of the Supreme Court Wednesday said the National Accountability Bureau (NAB) was playing the role of a facilitator for the corrupt.

Published 14 Dec, 2016 01:16pm

Arts

Famous poet Jon Elia remembered on birth anniversary

ISLAMABAD: Wednesday was the birth anniversary of renowned poet, biographer and scholar Jon Elia.

Published 14 Dec, 2016 01:16pm

Football

Ronaldo a rare breed, says Zidane before Japan clash

YOKOHAMA: Cristiano Ronaldo is itching to prove just why he deserved the Ballon d'Or by leading Real Madrid to another Club World Cup title, Zinedine Zidane said Wednesday.

Published 14 Dec, 2016 01:06pm

Sports

Pak players in QF in Nepal International badminton series

LAHORE: Pakistan's top Badminton players Rizwan Azam, Palwasha Bashir and Mahoor Shahzad breezed into the quarterfinals of men singles and women singles after winning their respective ties in Nepal International Series Badminton Tournament in Katmandu

Published 14 Dec, 2016 01:05pm

Pakistan Top News

Pakistan, Russia hold first consultations on regional issues

ISLAMABAD: Pakistan and Russia have held their first consultations on regional issues here at the Ministry of Foreign Affairs.

Published 14 Dec, 2016 01:01pm

Financial

Tokyo stocks close flat with eyes on Fed meeting

TOKYO: Tokyo stocks closed flat Wednesday, despite a pick-up in Japanese business confidence, as investors stuck to the sidelines ahead of a key US central bank meeting.

Published 14 Dec, 2016 12:57pm

Cricket

Pakistan aim for Australia history

BRISBANE: The Pakistan team, six years in the making and armed with insider knowledge from coach Mickey Arthur, are poised to make history in Australia, veteran skipper Misbah-ul-Haq said Wednesday.

Published 14 Dec, 2016 12:55pm

General News

KP-SADP launches Rs206mn uplift schemes in three KP districts

DERA ISMAIL KHAN: The Khyber Pakhtunkhwa Southern Area Development Project has launched Rs.

Published 14 Dec, 2016 12:52pm

Financial

Hong Kong stocks end higher

HONG KONG: Hong Kong shares ended slightly higher on Wednesday following another record close on Wall Street as investors look ahead to the conclusion of a key Federal Reserve policy meeting later in the day.

Published 14 Dec, 2016 12:49pm

General News

Gas theft decreased by 3pc, 133,106 cases detected

ISLAMABAD: The government has taken drastic measures against gas theft and illegal connections across the country that brought down the UFG (unaccounted for gas) by three percent during last three years.

Published 14 Dec, 2016 12:48pm

World

China's growth model reforms to spur global economy

BEIJING: China will still be a growth engine of a global economy beset by instability, thanks to efforts to shift its growth model among other stimulus endeavors, scholars and business leaders from around the world have said.

Published 14 Dec, 2016 12:48pm

Business & Economy

Shipping activity at Port Qasim

KARACHI: Shipping activity remained active at the Port where five ships Maersk Memphis, UASC Al-Khor, Liberty-N, Johan Oldendorff and Rebecca Schulte carrying Containers, LPG, Coal, and Palm oil were arranged berthing at Qasim International Container Term

Published 14 Dec, 2016 12:43pm

General News

Mayor Karachi Waseem Akhtar calls on CM Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that service to the people of Karachi is above politics and party affiliations.

Published 14 Dec, 2016 12:42pm

General News

Delegation of Private Schools Management calls on Minister Education

KARACHI: Sindh Minister for Education and Literacy Jam Mehtab Hussain Dahar has said that if the students refuse to administer polio drops in school timings on the desire of their parents not only their admissions will be cancelled but appropriate action

Published 14 Dec, 2016 12:40pm

General News

SBI Holds China-Pakistan Enterprises Cooperation Business Development and Networking Conference

KARACHI: CPEC a part of China's One Belt One Road global initiative has provided a golden opportunity for Pakistan to take off as a regional economic power.

Published 14 Dec, 2016 12:35pm

Life & Style

Saif Ali Khan's daughter to debut against Hrithik Roshan

Saif Ali Khan's daughter Sara Ali Khan has reportedly been cast against Hrithik Roshan in Karan Malhotra's next directorial project.

Published 14 Dec, 2016 11:29am

Trending searches on Google Pakistan in 2016

Technology

Fierce fighting, shelling shake Aleppo: AFP

ALEPPO: Fierce fighting and shelling shook Syria's Aleppo on Wednesday, an AFP correspondent reported, as sources said a deal to evacuate civilians and fighters from rebel-held districts was on hold.

Published 14 Dec, 2016 11:16am

Front Top News

RECORDER REPORT: PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Wednesday having 46185.

Published 14 Dec, 2016 11:02am

Cricket

Wahab, Yasir clashed ahead of Pakistan-Australia encounter

Pakistan tour of Australia is being called the ultimate test for team Pakistan, Captain Misbah ul Haq termed it his toughest challenge yet, as no Asian team that also includes Pakistan has been unable to defeat the Kangaroos in their backyard.

Published 14 Dec, 2016 10:37am

Financial

Dollar steady ahead of Fed rate decision

LONDON: The dollar was steady on Wednesday in the run in to the Federal Reserve's policy statement later in the day, with an almost 1 percent fall this week showing minimal expectations the Fed will ramp up its forecasts for future rises in interest r

Published 14 Dec, 2016 10:28am

Commodities

TOCOM surges to near 3-year high as speculators step up buying

TOKYO: Benchmark Tokyo rubber futures extended gains into a fourth session on Wednesday, hitting a near three-year high, as speculators stepped up buying after a surge in Shanghai futures.

Published 14 Dec, 2016 10:25am

Financial

European shares retreat from 11-month high, Actelion and Colruyt fall

LONDON: European shares retreated from an 11-month high on Wednesday, with Switzerland's Actelion slumping after U.

Published 14 Dec, 2016 10:24am

Money & Banking

China central bank FX sales rise to 10-month high as yuan stumbles

BEIJING: China's central bank sold a net $55.

Published 14 Dec, 2016 10:21am

Pakistan Top News

Balochistan's development means 'new Pakistan in-making': PM

TURBAT: Prime Minister Muhammad Nawaz Sharif on Wednesday said the dream of Balochistan's prosperity was being realized with completion of several development projects, ensuring "a new Pakistan in the making".

Published 14 Dec, 2016 10:17am

Markets

Market rates of bullion in Multan

MULTAN: Following bullion rates were received from markets here on Wednesday, 2016.

Published 14 Dec, 2016 10:16am

Cricket

Australian legend looking forward to see Muhammad Amir

Pakistan cricket team would be locking horns against the Aussies in a highly anticipated Three Test series, with the first encounter scheduled to begin on Thursday at the Gabba, Brisbane.

Published 14 Dec, 2016 10:13am

Financial

European stocks deflate at open

LONDON: Europe's main stock markets deflated at the open on Wednesday as investors awaited the latest interest rate decision from the US Federal Reserve.

Published 14 Dec, 2016 10:05am

Front Top News

Aleppo evacuation deal on hold: rebels, source close to regime

BEIRUT: A deal to evacuate civilians and rebels from opposition-held parts of Aleppo is on hold after objections from Syria's government, rebels and a source close to the regime said Wednesday.

Published 14 Dec, 2016 10:03am

Middle East

Syria army resumes shelling of rebel Aleppo: monitor

BEIRUT: Syria's army resumed shelling the last rebel-held parts of Aleppo on Wednesday, a monitor said, ending hours of calm after a deal to evacuate civilians and rebels was announced.

Published 14 Dec, 2016 09:55am

Cricket

India, England call off training amid cyclone chaos

NEW DELHI: The England and Indian training sessions were cancelled Wednesday owing to unfit ground conditions at the MA Chidambaram stadium in cyclone-battered Chennai which hosts the fifth and final Test from Friday.

Published 14 Dec, 2016 09:54am

World Top News

Turkey accuses Syria, supporters of hampering ceasefire deal: minister

ANKARA: Turkey on Wednesday accused the regime in Damascus and its supporters of hampering the implementation of a ceasefire deal that would allow civilians and fighters to leave Aleppo -- Syria's second city.

Published 14 Dec, 2016 09:51am

Life & Style

Year 2016 took a lot from us, take a look

As the year 2016 comes to an end, bringing us happiness and leaving us with losses that cannot be overcome, the Pakistani nation mourns the loss of a number of its flowers that left us this year.

Published 14 Dec, 2016 09:43am

Managed Funds

Long-dated euro zone bond yields fall with Fed rate hike priced in

LONDON: Long-dated euro zone bond yields fell on Wednesday ahead of a U.

Published 14 Dec, 2016 09:11am

Markets

Prices of fruits, vegetables remain stable in federal capital

ISLAMABAD: The prices of fruits and vegetables overall remained stable with minor fluctuation in some items in the federal capital.

Published 14 Dec, 2016 09:09am

Cricket

Inzamam comes out is support of Virat Kohli

Pakistan Chief Selector Inzamam-ul-Haq came out in support of Virat Kohli, and lashed out England pacer James Anderson, slamming the bowler for his comments on India's Kohli and his batting technique.

Published 14 Dec, 2016 09:07am

Front Top News

Army Chief Gen Qamar Bajwa arrives in Karachi

Karachi: Chief of Army Staff (COAS) General Qamar Bajwa arrived in Karachi for a day long visit on Wednesday, the Inter Services Public Relations (ISPR) reported.

Published 14 Dec, 2016 09:03am

General News

Student found dead in LUMS hostel room

LAHORE: A student of the Lahore University of Management Sciences (LUMS) was found dead in his hostel room, Lahore police said on Tuesday.

Published 14 Dec, 2016 08:32am

Front Top News

Pakistan wants better relations with new US administration: Tariq Fatemi

ISLAMABAD: Special Assistant to Prime Minister on Foreign Affairs Syed Tariq Fatemi has said Pakistan will work closely with new US administration led by President-elect Donald Trump.

Published 14 Dec, 2016 07:26am

Pakistan Top News

RECORDER REPORT: PSX mid day update

KARACHI: On Wednesday, until mid day, KSE-100 Index was at 45976.

Published 14 Dec, 2016 07:20am

Commodities

Gold prices firm as dollar dips ahead of Fed rate decision

BENGALURU: Gold prices edged higher on Wednesday on a weaker dollar and as markets waited for the outcome of the US Federal Reserve's policy meeting later in the day.

Published 14 Dec, 2016 07:07am

Commodities

Wheat eases after 4-day gain, soybeans fall for 3rd day

SINGAPORE: Chicago wheat futures lost ground on Wednesday, with the market taking a breather after four sessions of gains driven by short-covering and improved demand for US cargoes.

Published 14 Dec, 2016 07:06am

Commodities

London copper steadies ahead of Fed decision

MELBOURNE: London copper edged up on Wednesday from a near two-week low hit in the previous session as the dollar eased and markets waited for Federal Reserve commentary that may cast fresh light over its outlook for U.

Published 14 Dec, 2016 06:57am

Financial

Hong Kong stocks join cautious global gains ahead of Fed; China flat

SHANGHAI: Hong Kong stocks advanced on Wednesday after Wall Street hit fresh record highs amid optimism about U.

Published 14 Dec, 2016 06:54am

Energy

Oil prices fall on rising US crude stocks, OPEC output concerns

SINGAPORE: Oil prices fell on Wednesday following a reported rise in U.

Published 14 Dec, 2016 06:53am

Financial

Australia dollar struggles at 75 US-cent barrier, NZ$ ticks higher

SYDNEY: The Australian dollar struggled at the crucial 75 U.

Published 14 Dec, 2016 06:50am

Financial

China's yuan weakens as corporate buy dollars

SHANGHAI: China's yuan weakened slightly against the dollar on Wednesday, as support from state-owned banks failed to counter pressure from corporate demand for dollars, traders said.

Published 14 Dec, 2016 06:44am

Life & Style

Indian comedian reveals why he 'hates' Fawad Khan and we can't agree more

Indian stand-up comedian Daniel Fernandez has a very interesting reason to hate Fawad Khan and it's so damn true.

Published 14 Dec, 2016 06:44am

Energy

Iran crude oil exports to hit 5-month low in Dec

TOKYO: Iran's crude oil exports in December are set to fall 8 percent from November to a five-month low, a source with knowledge of its preliminary tanker schedule said, as lower shipments to China and others in Asia offset bumper exports to Europe.

Published 14 Dec, 2016 06:43am

Technology

Canada legalizing recreational marijuana

The government of Canada on Tuesday said that it would be studying a recommendation report by its federal task force that allows Canadians over 18-years of age to be permitted to buy marijuana for recreational purposes and will be announcing the new laws

Published 14 Dec, 2016 06:30am

Business & Economy

External debt servicing reaches $1.5 billion in Q1

RIZWAN BHATTI%D%AKARACHI: The country's external debt servicing reached $1.

Published 14 Dec, 2016 06:28am

Financial

Asia resigned to Fed hike, uptight on rate outlook

SYDNEY: Asia shares crept cautiously higher on Wednesday while a hush settled on the U.

Published 14 Dec, 2016 06:25am

Money & Banking

Fed set to hike rates, policy outlook now hinges on Trump presidency

WASHINGTON: The Federal Reserve will conclude its two-day policy meeting on Wednesday afternoon with an interest rate increase all but assured and will issue new forecasts assessing whether the economic outlook has changed since the U.

Published 14 Dec, 2016 06:24am

Commodities

Palm sees gains on weaker ringgit, forecast bullish data

KUALA LUMPUR: Malaysian palm oil futures rose in early trade on Wednesday and looked set for a second consecutive session of gains after closely watched output and export data released during the midday break was in line with bullish expectations.

Published 14 Dec, 2016 06:22am

Commodities

India's soymeal exports to hit 3-year high as soybean output jumps

MUMBAI: India's soymeal exports in 2016/17 are likely to jump to three-year highs as a sharp price correction due to a rebound in soybean production makes overseas sales competitive, said industry officials.

Published 14 Dec, 2016 06:21am

Financial

Superlong JGB yields fall after BOJ increases buying operation

TOKYO: Superlong Japanese government bond yields fell on Wednesday as prices rose after the Bank of Japan increased buying in that zone as part of its regular buying operations.

Published 14 Dec, 2016 06:20am

Financial

Dollar takes breather, investors anxious about Fed rate outlook

TOKYO: The dollar took a breather on Wednesday as investors waited to see if the U.

Published 14 Dec, 2016 06:18am

Cricket

Upbeat Aussies to test Pakistan with bouncers

BRISBANE: Skipper Steve Smith says Australia's pace attack will test the resolve of Pakistan batsmen with short-pitched bowling in Brisbane's first ever day-night Test from Thursday.

Published 14 Dec, 2016 06:17am

Business & Economy

July-November trade deficit widens by 19.9 percent YoY

ZAHEER ABBASI%D%AISLAMABAD: Trade deficit has widened by 19.

Published 14 Dec, 2016 06:10am

Business & Economy

PSM to be privatised in three months: National Assembly panel told

RECORDER REPORT%D%AISLAMABAD: A parliamentary panel was informed on Tuesday that Pakistan Steel Mills Corporation (PSM) would be privatised in three months.

Published 14 Dec, 2016 05:53am

Life & Style

Faryal Makhdoom's feud with in-laws is getting uglier and uglier

Faryal Makhdoom, the wife of boxer Amir Khan who has said the boxers family has been bullying her has caused another social media storm by allegedly uploading a naked picture of her brother-in-law Haroon Khan onto Snapchat.

Published 14 Dec, 2016 05:52am

Business & Finance

Prime Minister to open western corridor today

RECORDER REPORT%D%AISLAMABAD: Prime Minister Nawaz Sharif to inaugurate western corridor of China-Pakistan Economic Corridor (CPEC) Sorab, Hoshab today.

Published 14 Dec, 2016 05:38am

Front Top News

Imran says PTI MNAs to attend National Assembly session

RECORDER REPORT%D%AISLAMABAD: Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Tuesday ended its boycott of National Assembly, saying his party members would attend Wednesday's session (today) in which they would submit an adjournment motion to seek

Published 14 Dec, 2016 05:34am

Financial

Asian markets up, dealers hang on Yellen remarks

HONG KONG: Most Asian markets rose Wednesday, tracking a seventh successive record on Wall Street as they wait for the conclusion of a keenly awaited Federal Reserve policy meeting.

Published 14 Dec, 2016 05:26am

North America

Trump defends diplomat pick Tillerson against critics

WEST ALLIS: Donald Trump on Tuesday defended his nomination of ExxonMobil chief Rex Tillerson as America's next secretary of state, dismissing concerns about the oilman's ties to Russia and saying US foreign policy needed a new direction.

Published 14 Dec, 2016 05:24am

Financial

Tokyo stocks down at break ahead of Fed meeting

TOKYO: Tokyo stocks eased Wednesday morning, despite a pick-up in Japanese business confidence as investors hold their cards ahead of a key US central bank meeting.

Published 14 Dec, 2016 05:23am

Sports

Curry outguns Davis, Cavs maul Grizzlies

LOS ANGELES: Stephen Curry scored 30 points to win his duel with Anthony Davis as the Golden State Warriors dug deep to defeat the New Orleans Pelicans while the Cleveland Cavaliers demolished the Memphis Grizzlies on Tuesday.

Published 14 Dec, 2016 05:23am

Cricket

Arthur's Pakistan aim for Australia history

BRISBANE: The Pakistan team, six years in the making and armed with insider knowledge from coach Mickey Arthur, are poised to make history in Australia, veteran skipper Misbah-ul-Haq said Wednesday.

Published 14 Dec, 2016 05:20am

Fecto Cement shows interest to buy Dewan Cement Limited (North Plant)

Fecto Cement has also shown interest to acquire Dewan Cement Limited (North Plant) and announced to participate in the bidding process for sales of assets of the said plant. The decision has been taken in the meeting of the board of directors of Fecto Cem