News Archives for Latest - 2016-12-16

Technology

Scientists discover worlds oldest water

An ancient pool in Canada upwards of 2 millions year containing the worlds oldest known water was just discovered by scientists.%D%A%D%A

Updated 10 Oct, 2017 10:50am

Technology

Scientists successfully reverse aging

In a highly unprecedented feat, scientists successfully reversed the ageing process in living animals using cellular reprogramming, enabling mice with a sort of prematurity to live 30 percent longer than others in the study.

Updated 10 Oct, 2017 10:49am

Energy

West Africa Crude- Trading slow, Feb programmes add to surplus

LONDON: February loading programmes began to emerge in West Africa, adding to a surplus of light sweet crude oil in the Atlantic Basin.

Published 16 Dec, 2016 08:22pm

Industry

VW agrees to pay $200 million to offset US emissions

WASHINGTON: Volkswagen AG has agreed to pay just over $200 million to offset emissions from about 80,000 3.

Published 16 Dec, 2016 08:21pm

World

Vivendi mandated BNP, Natixis in its all-cash Mediaset raid

PARIS/LONDON: Vivendi mandated BNP Paribas and Natixis in an 800 million-euro ($835 million) raid on Mediaset to seize a 20 percent stake in the Italian broadcaster earlier this week, according to two sources close to the matter.

Published 16 Dec, 2016 08:21pm

North America

US intelligence agencies feuding with Republicans over Russian hacking

WASHINGTON: Republican members of Congress are complaining that US intelligence agencies are refusing to brief them widely on a classified CIA report that concluded Russia hacked Democratic Party data in an effort to help Donald Trump win the presidency.

Published 16 Dec, 2016 08:19pm

Commodities

US Cash Grains-Corn mostly unchanged; soy steady to firmer

CHICAGO: Most spot corn bids at elevators and processors around the US Midwest were unchanged on Friday and bids were steady to firmer for soybeans, grain merchants said.

Published 16 Dec, 2016 08:17pm

North America

UN chief urges Syria to resume Aleppo evacuation

UNITED NATIONS: UN Secretary-General Ban Ki-moon on Friday urged Syrian parties to resume the evacuation of civilians from Aleppo after the operations were suspended.

Published 16 Dec, 2016 08:17pm

General News

SC grants bail to ex-PEPCO MD

ISLAMABAD: Supreme Court on Friday granted bail to former Managing Director Pakistan Electric Power Company (PEPCO) Basharat Iqbal Cheema.

Published 16 Dec, 2016 08:17pm

Asia

Philippines' Duterte: bye-bye America and we don't need your money

MANILA: Philippine President Rodrigo Duterte told the United States on Saturday to prepare for repeal of an agreement on deployment of troops and equipment for exercises, declaring "bye-bye America", and we don't need your money.

Published 16 Dec, 2016 08:15pm

Money & Banking

Norway central bank chief satisfied with crown reaction to rates

OSLO: Norway's central bank did not aim to influence currency markets in a particular way when it announced its latest interest rate decision, and is generally pleased with the outcome, Governor Oeystein Olsen said on Friday.

Published 16 Dec, 2016 08:14pm

Energy

GLOBAL LNG-Cold snaps, Australian outage spur spot price to two-year high

MILAN: Asian spot liquefied natural gas (LNG) prices hit new 2016 highs this week as Japanese utilities braving cold weather snapped up shipments in a Russian tender, potentially to substitute lost Australian deliveries.

Published 16 Dec, 2016 08:13pm

Commodities

European vegoils-Palm oil little changed as market pauses

ROTTERDAM: Palm oil on the European vegetable oils market was offered little changed on Friday due to lack of fresh market-moving news and as Malaysian palm oil futures traded in a tight range.

Published 16 Dec, 2016 08:12pm

Commodities

European feeds-Soymeal little changed, hitting pre-Christmas doldrums

ROTTERDAM: Soymeal on the European meals and feeds market was offered in a tight range on Friday as players started to wind down business ahead of the holidays.

Published 16 Dec, 2016 08:12pm

Europe

EU blanks May's call for quick Brexit deal on expat rights

BRUSSELS: Theresa May has got nowhere with the EU in seeking an early guarantee of post-Brexit rights for British and European expatriates, officials said on Friday after the British prime minister pushed the issue again at an EU summit.

Published 16 Dec, 2016 08:11pm

Money & Banking

Deutsche Bank to pay more than $37mn to settle dark pool cases

WASHINGTON: A unit of Deutsche Bank AG will pay more than $37 million to settle charges that the bank misled clients about how it routed orders to anonymous trading platforms known as dark pools, regulators said on Friday.

Published 16 Dec, 2016 08:11pm

Pakistan Top News

Dar for credible, transparent national census

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Friday directed Statistics Division and Pakistan Bureau of Statistics (PBS) that every effort should be made to ensure credible and transparent national census.

Published 16 Dec, 2016 08:09pm

Money & Banking

African Development Bank approves 770mn euro loan for Ivory Coast

ABIDJAN: The board of the African Development Bank (AfDB) has approved a 770 million euro ($805 million) loan for Ivory Coast for road upgrades in the commercial capital Abidjan, including a fourth bridge over the city's lagoon, the bank said on Frida

Published 16 Dec, 2016 08:08pm

Financial

US 10-year yields head for sixth straight week of gains

NEW YORK: US Treasury debt yields inched higher on Friday, continuing a trend that has been in place for several weeks, with investors consolidating some positions ahead of what is expected to be a quiet holiday period for economic data.

Published 16 Dec, 2016 05:10pm

Financial

US dollar rally to 14-year highs halts on profit-taking

NEW YORK: The US dollar edged higher against a basket of major currencies on Friday, holding near 14-year highs touched after Wednesday's Federal Reserve meeting, with profit-taking halting the momentum of the greenback's rally.

Published 16 Dec, 2016 05:09pm

Front Top News

China's Navy seizes American underwater drone in South China Sea

WASHINGTON: A Chinese Navy warship has seized an underwater drone deployed by an American oceanographic vessel in international waters in the South China Sea, triggering a formal diplomatic protest from the United States and a demand for its return, a US

Published 16 Dec, 2016 05:04pm

Financial

Sterling slips against dollar for a second week

LONDON: Sterling traded close to a three-week low against the dollar on Friday, recording a second week of losses against a greenback that has risen sharply on expectations for a faster-than-anticipated increase in US interest rates.

Published 16 Dec, 2016 04:57pm

Financial

Dollar's post-Fed rally pauses, US stocks edge lower

NEW YORK: The dollar and US stocks dipped on Friday, taking a breather after this week's big moves on the Federal Reserve's signal for a faster pace of US interest rate increases next year.

Published 16 Dec, 2016 04:55pm

Energy

Oil up $1 a barrel on signs producers to comply with cuts

NEW YORK: Oil rose on Friday, edging closer to new 17-month highs, as producers showed signs of adhering to a global deal to reduce output.

Published 16 Dec, 2016 04:52pm

Commodities

Strong exports underpin gains in US soy; corn, wheat dip

CHICAGO: US soybean futures firmed on Friday, supported by a fresh export deal that highlighted the robust overseas demand for the oilseed as well as lingering concerns about dry conditions in Argentina, traders said.

Published 16 Dec, 2016 04:51pm

Pakistan Top News

News about Nisar-Zardari contact baseless: Interior Ministry

ISLAMABAD: Interior Ministry on Friday said media reports about the contact between Interior Minister Chaudhry Nisar Ali Khan and former President Asif Ali Zardari were baseless.

Published 16 Dec, 2016 04:27pm

General News

KP assembly pays tributes to martyrs of Army Public School

PESHAWAR: Legislators of all parliamentary political parties of Khyber Pakhtunkhwa Assembly Friday paid tributes to the martyrs of Army Public School (APS) and called for joint efforts of the law-enforcement agencies and government for success in the war

Published 16 Dec, 2016 03:49pm

Financial

Global stock markets extend Fed bounce

LONDON: Global stock markets firmed Friday as investors built on a rally sparked by the US Federal Reserve that sent the dollar hurtling to a 14-year euro peak.

Published 16 Dec, 2016 03:40pm

North America

Strike destroys IS-captured heavy weapons near Palmyra: coalition

WASHINGTON: Coalition aircraft have destroyed heavy weaponry seized by Islamic State militants when they retook the Syrian city of Palmyra from regime forces over the weekend, officials said Friday.

Published 16 Dec, 2016 03:40pm

Financial

TSX rises early as commodity stocks gain

TORONTO: Canada's main stock index rose at Friday's open as higher oil prices helped heavyweight energy stocks lead broad gains and gold miners recovered from Thursday's slump as prices of the metal steadied.

Published 16 Dec, 2016 03:26pm

Financial

Wall St opens higher; Dow closes in on 20,000

NEW YORK: US stocks opened higher on Friday, with the three major indexes on track to post weekly gains and the Dow within spitting distance of 20,000, a level it has never breached.

Published 16 Dec, 2016 03:22pm

Financial

C$ weakens on widening Canada-US yield spreads

TORONTO: The Canadian dollar weakened against its US counterpart on Friday, pressured by the recent fall in Canada's bond yields below US yields as investors braced for divergence in monetary policy between the Federal Reserve and the Bank of Canada.

Published 16 Dec, 2016 03:20pm

Commodities

Gold near Feb lows, heading for sixth weekly drop

LONDON: Gold steadied on Friday but held near a 10-1/2 month low due to the higher dollar after the US Federal Reserve this week signalled rates could be raised three times next year -- one more than forecast at its September meeting.

Published 16 Dec, 2016 03:19pm

World

Temer warns Brazil could go broke without reforms

BRASILIA: Brazilian President Michel Temer warned on Friday that without the unpopular austerity measures he is pushing through to cut public spending and balance the budget, the government will become insolvent.

Published 16 Dec, 2016 03:16pm

Money & Banking

Peru central bank trims 2017 economic growth outlook to 4.3pc

LIMA: Peru's central bank trimmed its estimate for 2017 economic growth in the Andean country to 4.

Published 16 Dec, 2016 03:14pm

Financial

US stocks gain at open, oil shares strong

NEW YORK: Petroleum-linked shares rose on higher oil prices in opening trading Friday, lifting other stocks as the Dow returned to within striking distance of 20,000 points.

Published 16 Dec, 2016 03:12pm

Pakistan Top News

Candlelit vigil held to pay tribute to APS martyrs

RAWALPINDI: A candlelit vigil was held here on Friday to pay tribute to martyrs of Army Public School (APS).

Published 16 Dec, 2016 03:10pm

General News

Rajwana for timely completion of uplift projects

MULTAN: Punjab Governor Malik Muhammad Rafiq Rajwana directed officials to solves the problems faced by the masses, as serving masses should be top priority.

Published 16 Dec, 2016 03:05pm

SBP announces 3rd rental coupon rate of 3 year GoP Sukuk

KARACHI: State Bank of Pakistan Friday announced 3rd Rental Coupon Rate for 3-year Government of Pakistan Ijara Sukuk GIS-16.

Published 16 Dec, 2016 02:58pm

Europe

Colombia's slow action on peace deal leaving 'power vacuum', UN warns

GENEVA: The UN warned Friday that Colombia was moving too slowly in implementing its peace accord with leftist FARC rebels, which resulted in a "power vacuum" that could be exploited by gangs.

Published 16 Dec, 2016 02:21pm

Front Top News

Turkey says evacuation of rebel Aleppo 'not over'

ISTANBUL: Turkey on Friday insisted that the evacuation of rebels and their families from the eastern sector of Syria's Aleppo was not finished, contradicting a statement by the Russian defence ministry.

Published 16 Dec, 2016 02:20pm

World Top News

Aleppo evacuation suspended leaving thousands trapped

ALEPPO: The Syrian government suspended the evacuation of civilians and fighters from the last rebel-held parts of Aleppo on Friday, leaving thousands of people trapped and uncertain of their fate.

Published 16 Dec, 2016 02:16pm

Markets

Agri deptt urges farmers to carry out spray for removing weeds

LAHORE: Wheat weeds can reduce production of the commodity up to 42 per cent and growers should use T-jet or flat-fan nozzle for carrying out spray to remove weeds.

Published 16 Dec, 2016 02:09pm

SBP injects Rs81bn into market

KARACHI: State Bank of Pakistan Friday injected Rs.

Published 16 Dec, 2016 02:08pm

General News

Fahad Malik murder case; judicial remand of accused extended till Dec 21

ISLAMABAD: The judicial remand of the accused involved in Fahad Malik murder case Friday was extended till December 21.

Published 16 Dec, 2016 02:07pm

Money & Banking

Russia central bank head says may consider buying fx in 2017 if oil price high

MOSCOW: Russia's central bank may consider buying foreign currency to build up its reserves next year, if oil prices are higher than their current level, the bank's governor, Elvira Nabiullina, told a news conference on Friday.

Published 16 Dec, 2016 01:52pm

Pakistan Top News

France working on draft UN resolution for Aleppo

PARIS: France is drafting a UN Security Council resolution that aims to ensure international observers are deployed to process the evacuation of civilians from Aleppo and enable humanitarian aid to reach the Syrian city, diplomats said on Friday.

Published 16 Dec, 2016 01:50pm

Energy

Total cuts scrip dividend discount on improved outlook

PARIS: French oil and gas company Total on Friday cut the discount offered for its shares in a scrip dividend scheme for the second quarter to 5 percent from 10 percent citing improved confidence in its outlook and rising oil prices.

Published 16 Dec, 2016 01:49pm

Commodities

EU wheat mostly in good condition going into the winter

HAMBURG: The wheat crop in the main European Union producers is generally in good condition going into the winter, experts said on Friday, raising optimism for an ample 2017 harvest for export and domestic consumers, experts said on Friday.

Published 16 Dec, 2016 01:47pm

Financial

Sri Lankan rupee closes steady; state-controlled bank sells dollars

COLOMBO: The Sri Lankan rupee came off early falls to close almost steady on Friday as a state-controlled bank sold dollars, dealers said.

Published 16 Dec, 2016 01:47pm

Energy

Nigeria, set to benefit most from OPEC cut, struggles to cash in

LONDON: Nigeria, one of two OPEC countries completely shielded from any cuts to its oil production, was in line for a windfall from the group's agreement late last month to shore up the price of crude.

Published 16 Dec, 2016 01:46pm

Financial

Nigeria sells more treasury bills after bond auction disappoints

LAGOS: Nigeria's central bank sold more treasury bills than it offered at an auction this week, it said on Friday, to mop up liquidity after the debt office cut the size of a domestic bond sale in view of its high borrowing costs.

Published 16 Dec, 2016 01:45pm

Europe

Greek PM says Greeks must 'heal wounds' of austerity

BERLIN: Greek Prime Minister Alexis Tsipras will discuss the positive momentum of the Greek economy and its "excellent" growth projections with German Chancellor Angela Merkel, he said on Friday.

Published 16 Dec, 2016 01:44pm

Commodities

Sugar prices resume downtrend, cocoa also lower

LONDON: Raw sugar futures were lower on Friday with the market back on the defensive after a short-lived rebound while cocoa prices also eased and coffee edged higher.

Published 16 Dec, 2016 01:41pm

Europe

Merkel expects no decisions on Greek bailout at talks with Tsipras

BERLIN: German Chancellor Angela Merkel said she did not expect to take any decisions on Greece's bailout programme during talks in Berlin on Friday with Prime Minister Alexis Tsipras.

Published 16 Dec, 2016 01:41pm

Energy

Asia Fuel Oil-Ex-wharf premiums rise as prompt supply weighs

SINGAPORE: Ex-wharf premiums in Asia's fuel oil markets rose on Friday as fewer supplier offers failed to meet firm demand for the marine fuel at a time when buyers are keen to lock in supplies ahead of the holiday season this month, industry sources

Published 16 Dec, 2016 01:39pm

Pakistan Top News

Syrian rebel denies Russian statement Aleppo evacuation complete

BEIRUT: A Syrian rebel official said the evacuation of eastern Aleppo was far from finished on Friday in response to a Russian statement that the operation had been completed.

Published 16 Dec, 2016 01:38pm

World Top News

IMF's Lagarde speaks of five-year ordeal on last day of negligence trial

PARIS: IMF chief Christine Lagarde on Friday told the Paris court trying her for negligence that she had always acted in good faith and that the suspicion that she had lived under for the past five years had been an "ordeal".

Published 16 Dec, 2016 01:36pm

Industry

Lufthansa agrees route code-sharing deal with Etihad

FRANKFURT: Lufthansa said on Friday it is to sell tickets on some routes jointly with Etihad Airways under a code-sharing agreement, joining peers in cooperating with fast-expanding Middle Eastern airlines.

Published 16 Dec, 2016 01:35pm

Commodities

Palm falls from 4-1/2-year high, corrects on softer Dalian

KUALA LUMPUR: Malaysian palm oil futures fell from a four and a half year high in late trade on Friday, as it came under profit-taking pressure and corrected on softer rival oils on China's Dalian Commodity Exchange.

Published 16 Dec, 2016 01:34pm

Energy

Oil declines on selling spree, signs of output compliance cap loss

LONDON: Oil edged lower on Friday as some traders locked in recent gains by selling out of long positions, but prices remained close to 14-month highs as producers showed signs of adhering to a global supply cut.

Published 16 Dec, 2016 01:34pm

Front Top News

Aleppo evacuation halted without explanation: WHO

GENEVA: The evacuation of civilians, including children, and wounded people from eastern enclaves of Aleppo was aborted on Friday, and aid agencies and vehicles ordered to leave the area without explanation, the World Health Organization (WHO) said.

Published 16 Dec, 2016 01:33pm

Financial

Bonds recover, Romanian CDS hits multi-month high on politics

BUDAPEST: Central European government bonds firmed and Budapest stocks set a new record high on Friday as global markets calmed down after jitters caused by Wednesday's hawkish Federal Reserve comments.

Published 16 Dec, 2016 01:33pm

Energy

Russia's Gazprom Neft sees 2017 oil output 'slightly' higher

TOKYO: Russian oil producer Gazprom Neft said on Friday its average output next year would be slightly higher than in 2016 despite Russia's deal with OPEC to cut production.

Published 16 Dec, 2016 01:33pm

World

Morocco Jan-Nov trade deficit rises 18 percent year on year

RABAT: Morocco's trade deficit rose 18 percent to 166.

Published 16 Dec, 2016 01:31pm

Commodities

Copper retreats on rising stocks, signs of soft demand

LONDON: Copper prices fell on Friday, ending two days of gains, as rising stocks in London Metal Exchange warehouses and signs of softer demand from major consumer China pulled the metal further from last month's 17-month peak.

Published 16 Dec, 2016 01:31pm

Featured Photos

Gorgeous Abandoned Buildings Photography by Jamie Betts

%D%APhoto Credit : Jamie Betts%D%AJamie Betts is a talented photographer based in Richmond, VA, USA.

Published 16 Dec, 2016 12:53pm

Featured Photos

Fresh Faces Made From Organic Food by Emily Dryden & Zahyd Pietri

Photo Credit: Emily Dryden & Zahyd Pietri%D%APhotographer from Brooklyn, Emily Dryden and prop stylist/actress from Puerto Rico, Zahyd Pietri have created a fun series of portraits made from fruits and vegetables which is known as Fresh Face.

Published 16 Dec, 2016 12:49pm

Featured Photos

Backstage Photography of Russian Classical Ballet by Darian Volkova

Photo Credit: Darian Volkova%Darian Volkova is a 25-year-old professional ballet dancer and self-taught photographer from Saint Petersburg, Russia, who specializes in capturing ballet dancers and performance art.

Published 16 Dec, 2016 12:47pm

Featured Photos

Mind-Blowing Photos of the Milky Way by Daniel Kordan

Photo Credit: Daniel Kordan%D%AIn May 2016, Russian photographer, Daniel Kordan, traveled to Salar de Uyuni in Bolivia the worlds largest and most famous salt flats where people from all over the world have taken long journeys to, capturing breathtaking

Published 16 Dec, 2016 12:44pm

Cricket

The weirdest scorecard in cricket history

The game of cricket is not new to dominating performances, as it is quite an everyday affair when a batsman completely takes away the game from the opposition with little or no help from rest of the team.

Published 16 Dec, 2016 12:42pm

Featured Photos

Colorful and Strange Manipulations by Daniel Forero

Photo Credit: Danel Forero %Daniel Forero is a talented Colombian art director and graphic designer based in Stockholm since 2010 and is presently working at Sagmeister & Walsh in New York City.

Published 16 Dec, 2016 12:41pm

Featured Photos

Magnificent Adventure Photography by Daniel Ernst

Photo Credit: Daniel Ernst%Daniel Ernst is a talented self taught photographer based in Frankfurt, Germany.

Published 16 Dec, 2016 12:39pm

Featured Photos

Black and White Urban Scenes by Charles Brabin

Photo Credit: Charles Brabin%Dharles Brabin was born in 1986 in Liverpool, England and is a self-taught British photographer a scientist by background with a focus on urban and industrial environments, as well as landscapes and the natural world.

Published 16 Dec, 2016 12:37pm

Featured Photos

Visually Stunning Photography by Ben Torode

Photo Credit: Ben Torode%Den Torode is a talented photographer from Adelaide, South Australia who currently lives and works in Tokyo, Japan.

Published 16 Dec, 2016 12:35pm

Featured Photos

Audun Rikardsen Captures Magnificent Whales on The Arctic Side of The World

Photo Credit: Audun Rikardsen%Dudun Rikardsen is a talented self-taught photographer, who was raised in a fishing community in northern Norway and has always been fascinated by the Arctic coasts wildlife.

Published 16 Dec, 2016 12:32pm

Featured Photos

Fashion Tribes : Colourful subcultures by Daniel Tamagi

Photo Credit: Daniel Tamagni%Dubbed 'Colorful Fashion Subcultures', Tamagni born in Italy and formally trained as an Art historian, documents subcultures at the most unexpected of places.

Updated 16 Dec, 2016 11:59am

Life & Style

WWE champion to run for Mayor

The rise of the controversial billionaire Donald Trump to become the President of the United States has inspired many to try their luck in the pursuit of public offices.

Published 16 Dec, 2016 11:26am

Pakistan Top News

Pakistan summons Indian diplomat to protest targeting of school van

ISLAMABAD: Pakistan on Friday summoned Indian Deputy High Commissioner J.

Published 16 Dec, 2016 11:04am

General News

Quaid's mausoleum to get new 24k gold chandelier tomorrow

ISLAMABAD: The mausoleum of Quaid-e-Azam Muhammad Ali Jinnah in Karachi is going to be illuminated on December 17 with a new state-of-the-art chandelier, made of fine crystal and 8.

Published 16 Dec, 2016 11:03am

General News

Pakistan, China term new chandelier at Quaid's tomb a 'symbol of strong Sino-Pak friendship'

ISLAMABAD: Pakistan and China have termed the installation of new chandelier gifted by the latter for the mausoleum of Quaid-e-Azam as a "symbol of strong bond between the two countries".

Published 16 Dec, 2016 11:01am

Pakistan Top News

Rangers foil terrorism bid, kill suspected militant in Hyderabad

HYDERABAD: A suspected terrorist was shot dead while another escaped in an encounter with Rangers here Friday.

Published 16 Dec, 2016 10:55am

Sports

Boxing champion sent to jail after winning title fight

Bash behavior goes hand in hand in the world of and Boxing, as who can forget the infamous bite by Mike Tyson or the on and off boisterous show by Floyd Mayweather; adding to the glorious list comes the world boxing champion Terence "Bud" Crawford.

Published 16 Dec, 2016 10:47am

Financial

Scarcity threat pushes German 2-year yields to record low

LONDON: Two-year German government bond yields dropped to fresh record lows on Friday as banks loaded up on bonds likely to become scarcer after recent tweaks to the European Central Bank's asset purchase programme.

Published 16 Dec, 2016 10:36am

Financial

South Korea readies bond stabilisation fund as yields spike

SEOUL: South Korean authorities are making preparations to re-mobilise a bond stabilisation fund in a bid to ease any credit crunch in local bond markets as political uncertainties at home and a rise in US interest rates threaten to spark market volatilit

Published 16 Dec, 2016 10:35am

Front Top News

Gen Bajwa vows to live up to expectations of APS martyrs at all costs

PESHAWAR: Army Chief General Qamar Bajwa attended a ceremony at the Army Public School (APS) here on Friday to pay homage to students and staff members of the school, who were martyred in the deadly 2014 attack by militants.

Published 16 Dec, 2016 10:33am

Commodities

South Korea's KOCOPIA buys about 60,000 tonne corn from US

HAMBURG: South Korea's Korea Corn Processing Industry Association (KOCOPIA) purchased about 60,000 tonnes of yellow corn which is likely to be sourced from the United States in a tender which closed on Friday, European traders said.

Published 16 Dec, 2016 10:28am

Managed Funds

Japan mulls less government bond sales FY2017 for a 4th year

TOKYO: Japan is considering selling some 141 trillion yen ($1.

Published 16 Dec, 2016 10:20am

Life & Style

7 years after his death, Michael Jackson found again

King of pop Michael Jackson died on June 25, 2009 and since then there have been weird speculations that he faked his own death and that his ghost has been spotted on different occasions.

Published 16 Dec, 2016 10:19am

Europe

IMF's Lagarde speaks of 'five-year ordeal' on last day of negligency trial

PARIS: IMF chief Christine Lagarde on Friday told a court trying her for negligence that she had always acted in good faith and that the suspicion that she had lived under for the past five years had been an "ordeal".

Published 16 Dec, 2016 10:14am

Money & Banking

BMPS eyes small savers' help to save Italy's oldest bank

MILAN: Monte dei Paschi di Siena (BMPS) said Friday it had received approval to allow small bondholders to participate in its last-ditch effort to raise fresh capital for Italy's third-largest bank.

Published 16 Dec, 2016 10:09am

Industry

Lufthansa pilots agree to talks in long-running pay battle

FRANKFURT: Pilots at German air giant Lufthansa said on Friday they would join arbitration over a long-running pay dispute that has hobbled the company with repeated strikes.

Published 16 Dec, 2016 10:04am

Football

Alexis Sanchez should join me in China: Pellegrini

LONDON: Former Manchester City coach Manuel Pellegrini has risked infuriating Arsenal by offering fellow Chilean Alexis Sanchez a lucrative move to the Chinese club he now manages.

Published 16 Dec, 2016 10:03am

Sports

Women Weightlifting Championship from January 3

ISLAMABAD: The 3rd Women National Weightlifting Championship will kick off from January 3, 2017 under the auspices of Pakistan Railway Sports Board at Railway Stadium, Garhi Shahu, Lahore.

Published 16 Dec, 2016 09:58am

General News

CCI agrees on holding Census on March 15

ISLAMABAD: The Council of Common Interests Friday agreed on holding the national census on March 15 next year involving the House listing and Population Census in one go.

Published 16 Dec, 2016 09:55am

Business & Economy

Pakistan produces 6.8mn ton rice in 2015-16

ISLAMABAD: The introduction of hybrid seeds has resulted in higher production of rice as the country has produced 6.

Published 16 Dec, 2016 09:51am

General News

2 development schemes of Rs15086.558mn approved

LAHORE: Punjab Provincial Development Working Party on Friday approved two development schemes of Urban Development & P&D Sectors with an estimated cost of Rs.

Published 16 Dec, 2016 09:44am

Financial

China urges calm on yuan after US rate hike

SHANGHAI: The mouthpiece of China's Communist Party said Friday there was "no need to worry too much" about downward pressure on the yuan as the currency wallows at more than eight-year lows against the dollar.

Published 16 Dec, 2016 09:43am

Markets

Weekly inflation slides down by 0.52pc

ISLAMABAD: The weekly inflation for the week ended on December 15 for the combined income group declined by 0.

Published 16 Dec, 2016 09:42am

Financial

European stocks hold steady at open

LONDON: European stocks steadied at the open on Friday with London's benchmark FTSE 100 index almost unchanged at 7,001.

Published 16 Dec, 2016 09:40am

Financial

Hong Kong stocks end week with fresh loss

HONG KONG: Hong Kong stocks ended a tough week with another loss Friday as investors fret over the prospect of another three US interest rate hikes following the Federal Reserve's move this week.

Published 16 Dec, 2016 09:37am

Pakistan Top News

Army Chief confirms death sentences of 13 more terrorists

%D%ARAWALPINDI: Army chief General Qamar Javed Bajwa on Friday validated death sentences of 13 more hardcore terrorists including those involved in Bacha Khan University attack among other high-profile terrorism acts.

Published 16 Dec, 2016 09:35am

Featured Photos

Outdoor Adventure Photography by Emmett Sparling

Photo credit: Emmet Sparling%Dn avid travel photographer, Emmet Sparling captures beautiful adventure shots while traversing accross the globe.

Published 16 Dec, 2016 09:30am

Featured Photos

Wildlife photography by Konsta Punkka

Photo Credit: Konsta Punkka%D%A'Squirrel whisperer' first then a photographer, Punkka using Nikon D5100 takes breathtaking portraits of woodland animals and landscapes.

Published 16 Dec, 2016 09:25am

Business & Finance

Ahsan Iqbal says Chabahar to provide perfect complement to CPEC

RECORDER REPORT%D%AISLAMABAD: Federal Minister for Planning, Development and Reforms, Ahsan Iqbal Thursday said that Pakistan is considering Iranian seaport Chabahar as a complementing project to the China-Pakistan Economic Corridor (CPEC).

Published 16 Dec, 2016 09:22am

Featured Photos

Mindblowing Macro Photography of Insect Appendages by Igor Siwanowicz

Photo Credit: Igor Siwanowicz%Dlso known as 'Blepharopsis', Siwanowicz - a macro photographer and scientist - uses photography and fluorescence microscopy to capture his subjects - mostly insects - in extreme and vividly detailed closeups.

Published 16 Dec, 2016 09:17am

Front Top News

Civilian martyred, children injured as Indian forces target school van along LoC

RAWALPINDI: Indian forces targeted a school van passing through the Nakyal sector, near the Line of Control (LoC), killing one civilian and injuring four children, Pakistan Army said on Friday.

Published 16 Dec, 2016 09:11am

Featured Photos

The Fallen Town by Holly Andres

Photo Credit: Holly Andres%D critically acclaimed artist from Montana, mostly dons a cinematic approach to photography; the picture is from her series titled 'The fallen town'.

Published 16 Dec, 2016 09:06am

Life & Style

A big fat wedding for Sonam Kapoor in 2017?

Sonam Kapoor, who is known for keeping her personal life private, has been spotted with Delhi-based businessman and rumoured beau, Anand Ahuja on several occasions.

Published 16 Dec, 2016 09:02am

Featured Photos

Mysterious Nature Photography by Lars van de Goor

Photo Credit: Lars Van De Goor%D%ANominated as a finalist for the HasselBlad Masters Awards 2010/11; Lars Van De Goor, a dutch artist expands on his skills in composites, landscapre and nature photography.

Published 16 Dec, 2016 08:48am

Featured Photos

Beautiful landscape by Tobias Ackermann

Photo Credit: Tobias Ackermann%D%ASelf-proclaimed 'light-actionist', the photographer captures mesmerizing landscapes using intricate angles and natural light.

Published 16 Dec, 2016 08:42am

Featured Photos

All You Need Is Blue by Francois Peyranne

%D%APhoto Credit: Francois Peyranne%D%AHailing from Paris, the picture is extracted from his series 'All you need is blue' depicting stunning minimalistic landscapes mostly comprising of eagle eye perspective.

Published 16 Dec, 2016 08:37am

Life & Style

Julia Roberts set to star in TV show

LOS ANGELES: Hollywood actress Julia Roberts is the latest star planning to head to the small screen, reports said Thursday.

Published 16 Dec, 2016 08:36am

General News

PM vows to take war on terror to its logical conclusion

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Friday "assured the nation to take the war against terror to its logical conclusion and to guarantee a peaceful and stable Pakistan for future generations.

Published 16 Dec, 2016 08:34am

Featured Photos

Mustafah Abdulaziz Documents The Impact of The Global Water Crisis

Photo Credit : Mustafah Abdulaziz%Drooklyn-based award winning photographer raises awareness about global water crisis and environmental issues through exquisitely crafted minimalistic photos.

Published 16 Dec, 2016 08:33am

Pakistan Top News

Pakistan asserts its qualifications to become Nuclear Suppliers Group's member

UNITED NATIONS: Pakistan Thursday emphasized its eligibility to become a member of the Nuclear Suppliers Group, saying it was critical to adopt an equitable, non-discriminatory and criteria-based approach to promoting civil nuclear cooperation and members

Published 16 Dec, 2016 08:31am

General News

Yadgar-e-Shuhada design for APS victims

ISLAMABAD: Yadgar-e-Shuhada design for Army Public School (APS) victims has been prepared in Peshawar's Archives Library.

Published 16 Dec, 2016 08:29am

Life & Style

Shia community takes action against Shah Rukh Khan's 'Raees'

Seems like there has been never ending trouble for Shah Rukh Khans Raees.

Published 16 Dec, 2016 08:16am

Pakistan Top News

Today's Pakistan is reliable, effective partner of US

WASHINGTON: Strong ties between Pakistan and the United States serve the cause of peace and stability in South Asia and the region beyond and Prime Minister Nawaz Sharif is looking forward to a mutually beneficial ties between the two long-time allies und

Published 16 Dec, 2016 08:13am

Arts

Nine films advance in Oscars foreign-language race

LOS ANGELES: Nine movies have made the cut to compete for a nomination for the best foreign-language film Oscar, the Academy of Motion Picture Arts and Sciences said Thursday.

Published 16 Dec, 2016 08:02am

World

Cash chaos as Venezuela stuck in currency limbo

CARACAS: Venezuelans lined up Thursday to deposit 100-unit banknotes before they turned worthless, but replacement bills had yet to arrive, increasing the cash chaos in the country with the world's highest inflation.

Published 16 Dec, 2016 08:01am

Pakistan Top News

RECORDER REPORT: PSX MID DAY UPDATE

KARACHI: On Friday, until mid day, KSE-100 Index was at 46526.

Published 16 Dec, 2016 07:59am

North America

Obama says US will retaliate against Russian hacking

WASHINGTON: Barack Obama on Thursday said the United States would retaliate against Russian hacking after the White House accused Vladimir Putin of direct involvement in cyberattacks designed to influence the US election.

Published 16 Dec, 2016 07:56am

Middle East

Thousands leave Aleppo under rebel withdrawal deal

ALEPPO: Thousands of civilians and rebels left Aleppo on Thursday under an evacuation deal that will allow Syria's regime to take full control of the city after years of fighting.

Published 16 Dec, 2016 07:55am

Asia

South Korea prosecutors plan raid of presidential palace

SEOUL: South Korean prosecutors investigating the corruption scandal involving impeached President Park Geun-Hye said Friday they intended to raid her offices, over the objections of her aides.

Published 16 Dec, 2016 07:50am

Front Top News

Pakistan mourns second anniversary of APS Attack

PESHAWAR: The nation is observing the second anniversary of the terrorist attack on the Army Public School (APS) Peshawar today (Friday).

Published 16 Dec, 2016 07:50am

Industry

Nintendo shares dumped after Super Mario game release

TOKYO: Nintendo shares dived almost five percent Friday, hours after the release of its latest mobile phone game and despite it topping download charts in several countries.

Published 16 Dec, 2016 07:47am

Financial

Strong US dollar could challenge Trump agenda

NEW YORK: The strong US dollar, boosted further by the Federal Reserve's decision to raise interest rates, could pose challenges to President-elect Donald Trump's economic agenda.

Published 16 Dec, 2016 07:43am

Life & Style

Sharmeen Obaid Chinoy vows to tell untold stories

KARACHI: Pakistan's double-Oscar winner Sharmeen Obaid Chinoy has hailed new legislation outlawing the crime of "honour killings" as a turning point in the long-battle on violence against women, as she sets her sights on conquering her country's s

Published 16 Dec, 2016 07:43am

Financial

Tokyo's benchmark index hits fresh one-year high

TOKYO: Tokyo's benchmark stock index closed at a fresh one-year high on Friday, posting its longest winning streak since mid-2015 as a slumping yen boosted exporters.

Published 16 Dec, 2016 07:39am

Asia

India police arrest driver over rape charge

NEW DELHI: Police in New Delhi said Friday they have arrested a driver for allegedly raping a woman in his car, as the Indian capital marks the fourth anniversary of the fatal gang-rape of a student.

Published 16 Dec, 2016 07:38am

Cricket

Australia v Pakistan first Test scoreboard

BRISBANE: Scoreboard on the second day of the day-night first Test between Australia and Pakistan at the Gabba on Friday.

Published 16 Dec, 2016 07:37am

Cricket

Handscomb hits debut ton as Aussie tail wags

BRISBANE: Peter Handscomb posted a maiden century and the tail wagged as Australia pushed their first innings to 429 all out to frustrate Pakistan in the day-night first Test at the Gabba on Friday.

Published 16 Dec, 2016 07:34am

Europe

Japan, Russia wrap up peace treaty summit

TOKYO: Japan and Russia on Friday struck economic deals to build confidence towards a peace treaty to formally end World War II that has been prevented by a spat over Russian-occupied islands claimed by Tokyo.

Published 16 Dec, 2016 07:32am

Cricket

After Wapda, Salman Butt eyes international comeback

The former captain of Pakistan Test team Salman Butt was optimistic that he would soon get an international call, he lead his team WAPDA to their maiden Quaid-e-Azam Trophy on Thursday at National Stadium.

Published 16 Dec, 2016 07:31am

Front Top News

Companies Ordinance, 2016 rejected in Senate

ZULFIQAR AHMAD%D%AISLAMABAD: The ruling Pakistan Muslim League-Nawaz (PML-N) was frowned in Senate on Thursday as it watched helplessly a strident joint opposition backed by some government allies including Pakhtunkhwa Milli Awami Party (PkMAP) and Nation

Emerging Asian currencies slid against the dollar on Thursday, with the Chinese yuan hitting an eight-year low after the US Federal Reserve raised interest rates and signalled a faster pace of rate increases in 2017. The Singapore dollar fell to 1.4436 pe

Published 16 Dec, 2016 12:00am

Most Southeast Asian stock markets ended lower on Thursday after the US Federal Reserve hinted at a faster pace of tightening next year, with Singapore particularly hurt by telcos on fears of intensifying competition following the entry of a new player.

Published 16 Dec, 2016 12:00am

TSX falls the most in one month

Canada's main stock index fell the most in one month on Wednesday, retreating from a 19-month high the previous day, with resource shares leading a broad-based sell-off as oil and gold fell after the US Federal Reserve raised interest rates. The Toronto S

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (December 15, 2016).

Published 16 Dec, 2016 12:00am

Currency

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (December 15, 2016).

Published 16 Dec, 2016 12:00am

Currency

Currency	Rate
USD PKR Interbank Selling / Jun 11	278.55
USD PKR Interbank Buying / Jun 11	278.35
USD to Japanese Yen / Jun 12	160.25
USD to Swiss Franc / Jun 12	0.80
Pound Sterling to USD / Jun 12	1.34
Euro to USD / Jun 12	1.16
SOFR % / Jun 11	3.63

Stock	Volume
S&P 500 / Jun 11	7,394.30
Nasdaq / Jun 11	25,809.66
FTSE 100 / Jun 11	10,303.88
Dow Jones / Jun 11	50,848.75
Germany DAX 30 / Jun 11	24,209.71
France CAC40 / Jun 11	8,200.80
India Sensex / Jun 12	74,528.22
Tokyo Nikkei / Jun 12	66,442.95
Hang Seng / Jun 12	24,663.39

Item	Value
Gold 10 Grams PKR / Jun 11	369,422
Petrol/Litre / Jun 12	377.78
Crude Oil USD/Barrel / Jun 12	86.01
Gold Spot USD/Ounce / Jun 12	4,185.86
Diesel/Litre / Jun 12	380.78
Cotton US¢/pound / Jun 12	76.89

Stock	Price
Zephyr Textile / Jun 12 Zephyr Textiles Limited(ZTL)	20.45 ▲ 1.86 (10.01%)
Elahi Cotton / Jun 12 Elahi Cotton Mills Limited(ELCM)	285.76 ▲ 25.98 (10%)
National Silk / Jun 12 The National Silk & Rayon Mills Limited(NSRM)	161.26 ▲ 14.66 (10%)
Pak. P.V.C. / Jun 12 Pakistan PVC Limited(PPVC)	28.59 ▲ 2.6 (10%)
Tandlianwala Sugar / Jun 12 Tandlianwala Sugar Mills Limited(TSML)	564.34 ▲ 51.3 (10%)
Fateh Sports / Jun 12 Fateh Sports Wear Limited(FSWL)	88.32 ▲ 8.03 (10%)
First Fid. Leasing / Jun 12 First Fidelity Leasing Modaraba(FFLM)	12.91 ▲ 1.17 (9.97%)
AN Textile Mills / Jun 12 AN Textile Mills Limited(ANTM)	37 ▲ 3.35 (9.96%)
Nets Internat.Comm. / Jun 12 Nets International Communication Limited(GEMNETS)	30.50 ▲ 2.6 (9.32%)
SPEL Ltd / Jun 12 SPEL Limited(SPEL)	49.20 ▲ 3.8 (8.37%)

Stock	Price
Idrees Tex. / Jun 12 Idrees Textile Mills Limited(IDRT)	50.10 ▼ -5.57 (-10.01%)
Kohat Textile / Jun 12 Kohat Textile Mills Limited(KOHTM)	121.46 ▼ -13.49 (-10%)
Aisha Steel (CPS) / Jun 12 Aisha Steel Mills Limited (CPS)(ASLCPS)	63 ▼ -7 (-10%)
Unilever Foods / Jun 12 Unilever Pakistan Foods Limited(UPFL)	23,702 ▼ -2098 (-8.13%)
First IBL Mod. / Jun 12 First IBL Modaraba(FIBLM)	10.80 ▼ -0.79 (-6.82%)
JS Investments / Jun 12 JS Investments Limited(JSIL)	40 ▼ -2.75 (-6.43%)
GOC (Pak) / Jun 12 GOC (Pak) Limited.(GOC)	121 ▼ -7.6 (-5.91%)
Data Agro / Jun 12 Data Agro Limited(DAAG)	97.40 ▼ -6.07 (-5.87%)
Ruby Textile / Jun 12 Ruby Textile Mills Limited(RUBY)	16.16 ▼ -0.84 (-4.94%)
D.M. Corporation / Jun 12 D.M. Corporation Limited(DMC)	196.71 ▼ -9.82 (-4.75%)

Stock	Volume
Sitara Petroleum Service / Jun 12 Sitara Petroleum Service Limited(SPSL)	36,523,059 ▲ 1.4
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	22,941,831 ▼ -0.18
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	21,805,394 ▲ 0
Kohinoor Spinning / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	18,130,376 ▲ 0.29
B.O.Punjab / Jun 12 The Bank of Punjab(BOP)	14,537,500 ▲ 0.8
F. Nat.Equities / Jun 12 First National Equities Limited(FNEL)	13,022,514 ▲ 0.01
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	11,213,649 ▲ 2.49
TPL Properties / Jun 12 TPL Properties Limited(TPLP)	9,670,654 ▲ 0.17
Itanz Technologies / Jun 12 Itanz Technologies Limited(ITANZ)	7,125,044 ▲ 0.49
Loads Limited / Jun 12 Loads Limited(LOADS)	6,788,310 ▲ 0.23