News Archives for Latest - 2016-12-21

General News

Efforts on to turn Pakistan into economic giant: Ayaz Sadiq

LAHORE: National Assembly Speaker Sardar Ayaz Sadiq promising to resolve issues being faced by business community said all sector-specific efforts were being made to turn country into an economic giant.

Published 21 Dec, 2016 10:13pm

Front Top News

E-commerce has potential to reach $1bn by 2020

ISLAMABAD: The first meeting the of e-commerce Policy Board chaired by Minister for Finance Muhammad Ishaq Dar here on Wednesday was informed that e-Commerce was still in its infancy in Pakistan but it was estimated to reach US$ 1 billion by 2020 provided

Published 21 Dec, 2016 10:13pm

Business & Finance

CPEC to prove game changer for Pakistan: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal Wednesday said that China-Pakistan Economic Corridor (CPEC) would prove a game changer for Pakistan which was needed to be aligned with academia.

Published 21 Dec, 2016 10:12pm

Financial

US stocks retreat as FedEx falls on disappointing earnings

NEW YORK: Wall Street stocks retreated Wednesday amid worries about Italian banks and disappointing earnings from FedEx weighing on sentiment.

Published 21 Dec, 2016 10:11pm

Cricket

Cricket: Ex-South Africa batsman Petersen banned for two years

JOHANNESBURG: Alviro Petersen, a veteran of 36 Test matches, on Wednesday became the highest-profile South African cricketer to be banned for corruption since former captain Hansie Cronje in 2000.

Published 21 Dec, 2016 08:47pm

North America

Trump calls Berlin assault an 'attack on humanity'

WASHINGTON: President-elect Donald Trump on Wednesday condemned the Christmas market attack in Berlin as an "attack on humanity.

Published 21 Dec, 2016 08:45pm

World Top News

Anis Amri: Tunisian suspect in Berlin truck attack

BERLIN: The Tunisian suspect in the Berlin truck attack, 24-year-old Anis Amri, was long watched as a potentially dangerous militant but managed to avoid both arrest and deportation from Germany.

Published 21 Dec, 2016 08:44pm

Industry

Nokia sues Apple for patent infringement

HELSINKI: Nokia announced Wednesday it is suing Apple in German and US courts for patent infringement, claiming the US tech giant was using Nokia technology in "many" products without paying for it.

Published 21 Dec, 2016 08:40pm

Europe

14 Turkish soldiers killed in fight for Syria IS-held town

ISTANBUL: Fourteen Turkish soldiers were killed and 33 wounded in clashes with Islamic State (IS) militant in Syria on Wednesday in the military's highest single day toll of its four month campaign inside the country.

Published 21 Dec, 2016 08:37pm

Middle East

Yemen drone strike 'kills three Qaeda members'

ADEN: A drone strike, likely carried out by US forces, has killed three suspected Al-Qaeda members in southern Yemen, local security sources said on Wednesday.

Published 21 Dec, 2016 08:13pm

World

WTO rules largely in favour of Taiwan in steel row with Canada

GENEVA: A dispute panel of the World Trade Organization (WTO) largely ruled in favour of Taiwan on Wednesday on its complaint over anti-dumping duties imposed by Canada on some of its steel goods.

Published 21 Dec, 2016 08:11pm

Financial

Wall Street little changed at the open

NEW YORK: US stocks opened little changed on Wednesday, with the Dow Jones Industrial Average still flirting with the elusive 20,000 mark, a day after both it and the Nasdaq Composite hit record highs.

Published 21 Dec, 2016 08:09pm

Financial

Wall St little changed; Dow still flirting with 20,000

NEW YORK: US stocks opened little changed on Wednesday, with the Dow Jones Industrial Average still flirting with the elusive 20,000 mark, a day after both it and the Nasdaq Composite hit record highs.

Published 21 Dec, 2016 08:09pm

Industry

Volkswagen launches Kenya plant in Africa expansion

NAIROBI: Volkswagen on Wednesday inaugurated a new assembly plant in Kenya, returning to the East African country after four decades as it seeks to take advantage of surging car sales on the continent.

Published 21 Dec, 2016 08:08pm

Financial

Dow still flirting with elusive 20,000 mark

NEW YORK: US stocks looked set to open little changed on Wednesday, with the Dow Jones Industrial Average still flirting with the elusive 20,000 mark, a day after both it and the Nasdaq Composite hit record highs.

Published 21 Dec, 2016 08:07pm

World Top News

UK's Queen Elizabeth, 90 and husband Prince Philip, 95 both suffering heavy colds; delay travel

LONDON: Britain's Queen Elizabeth, 90, and her husband Prince Philip, 95, delayed their Christmas travel plans on Wednesday as they are both suffering from heavy colds, Buckingham Palace said.

Published 21 Dec, 2016 08:06pm

Financial

Uganda's 91-day Treasury bill yield edges down

KAMPALA: The yield on Uganda's benchmark 91-day Treasury bills edged down at an auction on Wednesday where a total of 160 billion shillings ($44.

Published 21 Dec, 2016 08:04pm

World

U.S. existing home sales rise to near 10-year high

WASHINGTON: US home resales unexpectedly rose in November, reaching their highest level in nearly 10 years, likely as buyers rushed into the market to lock in low interest rates in anticipation of further increases in borrowing costs.

Published 21 Dec, 2016 08:03pm

Managed Funds

Bonds steady as volumes thin ahead of holiday

NEW YORK: US Treasuries were steady in light trading volumes before the Christmas holiday with no new economic data due on Wednesday, as investors evaluated how many times the Federal Reserve is likely to raise interest rates next year.

Published 21 Dec, 2016 08:02pm

Commodities

Sugar drifts lower, cocoa bounces back

LONDON: Raw sugar futures were slightly lower on Wednesday, consolidating after two days of modest gains, with small volumes traded in a market winding down for the year end.

Published 21 Dec, 2016 08:00pm

Energy

Statoil says Sture oil terminal accident nearly killed staff

OSLO: An accident in October at Statoil's Sture oil export terminal on the west coast of Norway, was highly serious and almost resulted in fatalities, the company said in a report on Wednesday.

Published 21 Dec, 2016 08:00pm

Financial

Sri Lankan shares hit more than 8 month closing low led by heavyweights

COLOMBO: Sri Lankan shares closed at their lowest in more than eight months in thin trade on Wednesday ahead of the Christmas weekend, falling for a seventh straight session led by blue chips and large caps, stockbrokers said.

Published 21 Dec, 2016 07:58pm

Africa

Sporadic gunfire in Congo capital after 26 killed in anti-Kabila protests

KINSHASA: Sporadic gunfire echoed across Democratic Republic of Congo's capital on Wednesday, a day after a reported 26 people were killed nationwide in protests demanding President Joseph Kabila step down after his election mandate expired.

Published 21 Dec, 2016 07:58pm

Financial

Spanish bond yields hit 5-week low as dangerous cocktail brews in Italy

LONDON: Spanish government bond yields hit five-week lows on Wednesday as investors shifted money out of similiarly rated Italian debt where bank bailouts and political uncertainty have created what ING strategists called a "dangerous cocktail".

Published 21 Dec, 2016 07:55pm

Commodities

Soybeans rebound from one-month low, wheat and corn weak

HAMBURG/SYDNEY: US soybeans rose on Wednesday, rebounding on buying interest a day after nearing a one-month low, while wheat and corn drifted down in quieter pre-Christmas markets.

Published 21 Dec, 2016 07:54pm

Financial

South African rand edges higher in thin trade, stocks slide

JOHANNESBURG: South Africa's rand traded firmer on Wednesday, tracking a stronger euro in low volume trade and as investors closed positions ahead of year-end.

Published 21 Dec, 2016 07:53pm

World

Russia's ESPO Blend crude oil exports seen falling in Feb

MOSCOW: Russia plans to cut ESPO Blend crude oil exports from the Pacific port of Kozmino in February by approximately 450,000 tonnes to 2.

Published 21 Dec, 2016 07:45pm

World

Russia central bank says inflation expectations decline further

MOSCOW: Inflation expectations among Russia households declined further in December, the Russian central bank said in a report published on Wednesday.

Published 21 Dec, 2016 07:44pm

Sports

RugbyU: Northampton spared over North head injury

LONDON: Northampton should not have allowed George North to continue playing after he sustained a head injury but they will not be punished, a concussion review panel announced on Wednesday.

Published 21 Dec, 2016 07:44pm

Sports

RugbyU: Boudjellal decides not to sell Toulon

TOULON: Colourful comics publisher Mourad Boudjellal announced on Wednesday that he has decided not to sell French Top 14 outfit Toulon.

Published 21 Dec, 2016 07:43pm

Industry

Rolls-Royce denies UK media report over past Iran sales

LONDON: British engineering company Rolls-Royce denied a report in The Guardian newspaper on Wednesday that it had in the past sold equipment to Iran by exploiting a series of loopholes in US sanctions.

Published 21 Dec, 2016 07:43pm

World

Polish central budget deficit at 50.4pc of 2016 plan after Nov

WARSAW: Poland's central budget deficit after November reached 50.

Published 21 Dec, 2016 07:41pm

Energy

Oil prices lifted by expected fall in US inventories

LONDON: Oil rose on Wednesday, driven by expectations for a decline in US crude inventories and bringing price gains for December to 10 percent, which would be the strongest performance in the final month of the year in six years.

Published 21 Dec, 2016 07:40pm

Commodities

New York cocoa recovers ground, sugar consolidates

LONDON: Raw sugar futures were slightly higher on Wednesday, consolidating modest gains made the past two days, with small volumes traded as the market was winding down for the year end.

Published 21 Dec, 2016 07:40pm

Financial

MIDEAST STOCKS-Saudi market rises before 2017 budget, Egypt extends bull run

DUBAI: Saudi Arabia's stock market rose on Wednesday on the eve of the government's release of its 2017 budget, and Egypt's extended a bull run fuelled by foreign money and last month's float of the Egyptian pound.

Published 21 Dec, 2016 07:39pm

Energy

Middle East Crude-Benchmarks rise; more February ESPO crude on offer

SINGAPORE: The Middle East crude benchmark Dubai rose on Wednesday on expectations that the OPEC and non-OPEC output deal to reduce production will start to tighten supplies.

Published 21 Dec, 2016 07:38pm

North America

Mexico seeks to ID bodies, explain huge fireworks blast

TULTEPEC: Mexico worked Wednesday to identify the charred bodies of dozens of people killed in an explosion at its biggest fireworks market, as authorities investigated what caused the multi-colored salvo of destruction.

Published 21 Dec, 2016 07:38pm

Energy

Mexico fuel prices to begin gradual liberalization at end March

MEXICO CITY: A staggered fuel price liberalization in Mexico will begin at the end of March, the head of the country's energy regulatory commission (CRE) said on Wednesday.

Published 21 Dec, 2016 07:36pm

Africa

Mauritius unemployment rate rises to 7.6pc in Q3

PORT LOUIS: The unemployment rate in Mauritius rose to 7.

Published 21 Dec, 2016 07:36pm

Money & Banking

Investors shun Italian bank Monte Paschi's share offer

MILAN: Ailing Italian bank Monte dei Paschi di Siena has been unable to find an anchor investor willing to put money in its privately funded rescue plan, less than 24 hours before the offer ends, two sources close to the matter said on Wednesday.

Published 21 Dec, 2016 07:33pm

Asia

Indian opposition accuses Modi of taking cash payments

NEW DELHI: Indian Prime Minister Narendra Modi's ruling party denied allegations by opposition politician Rahul Gandhi on Wednesday that Modi had accepted $6 million in suspicious cash payments in the months before winning a 2014 general election.

Published 21 Dec, 2016 07:32pm

Financial

GLOBAL MARKETS-Dollar retreats from 14-year high, banks drag Europe shares lower

LONDON: The dollar eased from 14-year highs on Wednesday, giving back some of the gains chalked up since Donald Trump's US election victory, while concerns over banks pulled European shares lower.

Published 21 Dec, 2016 07:31pm

Europe

German minister confirms new suspect wanted over Berlin attack

BERLIN: German Interior Minister Thomas de Maiziere confirmed Wednesday that authorities have identified a new suspect in the deadly truck attack on a Christmas market in Berlin.

Published 21 Dec, 2016 07:30pm

Football

Football: US striker Green quits Bayern for Stuttgart

BERLIN: USA international striker Julian Green will leave Bayern Munich for second division VfB Stuttgart in January's transfer window, the German league leaders announced on Wednesday.

Published 21 Dec, 2016 07:28pm

Energy

ExxonMobil, ENI, Total to negotiate Cyprus gas exploration

NICOSIA: US giant ExxonMobil with Qatar Petroleum, Italy's ENI and France's Total have been selected to negotiate a licence to explore offshore Cyprus oil and gas, officials said Wednesday.

Published 21 Dec, 2016 07:28pm

Europe

Evacuation of civilians from east Aleppo resumes after a day: UN

GENEVA: Buses loaded with Syrian civilians have begun leaving the last rebel-held enclave of eastern Aleppo again on Wednesday, after being stalled for a day, a UN official said.

Published 21 Dec, 2016 07:27pm

World

EU Commission proposes VAT tax exemptions for large-scale transactions by firms

BRUSSELS: Firms in European Union countries could be exempted from paying the value-added tax (VAT) for large sales to other companies under a proposal unveiled on Wednesday by the European Commission.

Published 21 Dec, 2016 07:26pm

Industry

EU Commission favours keeping limits on Chinese solar panels

BRUSSELS: The European Commission has recommended keeping import duties and a minimum price for solar panels and cells from China for two more years, according to documents seen by Reuters.

Published 21 Dec, 2016 07:24pm

Commodities

EU 2016/17 wheat exports at 11.9mn tonnes

PARIS: European Union soft wheat exports in the 2016/17 season reached 11.

Published 21 Dec, 2016 07:21pm

World

Brazil rate futures drop as inflation eases more than expected

SAO PAULO: Rates paid on Brazilian interest rate futures fell on Thursday as further signs of easing inflation stoked bets on a sharper rate cut next month.

Published 21 Dec, 2016 07:20pm

Europe

Door closing on ultra-long euro zone government borrowing

LONDON: A once-in-a-lifetime opportunity for euro zone governments to borrow for half a century or more at rock-bottom interest rates might be coming to an end.

Published 21 Dec, 2016 07:20pm

Financial

Dollar retreats from 14 year high, Swedish crown has best day in 6 months

LONDON: The dollar took a breather on Wednesday after reaching a 14-year high the previous day, while the Swedish crown chalked up its biggest rise in six months after the Riksbank voted to ease policy further only by the narrowest of margins.

Published 21 Dec, 2016 07:18pm

World

Croatia's economic institute less optimistic on growth, budget

ZAGREB: Croatia's growth in the coming years is likely to be slower than the government hopes for, while fiscal consolidation may also lag behind government projection, one of the country's leading economic think tanks, said on Wednesday.

Published 21 Dec, 2016 07:18pm

Commodities

Copper steady, but worries about oversupply weigh

LONDON: Copper prices held steady on Wednesday, but remained under pressure from worries about an oversupplied market and funds cutting bets on higher prices over coming days.

Published 21 Dec, 2016 07:16pm

Industry

Colombia cuts price of Novartis cancer drug by 44pc

BOGOTA: Colombia's government has lowered the price of Novartis cancer drug imatinib by nearly half in a bid to cut healthcare costs after failed price negotiations with the Swiss company.

Published 21 Dec, 2016 07:15pm

Commodities

China top coal province Jan-Nov output down 15pc on year

BEIJING: China's top coal producing province Shanxi recorded a 15.

Published 21 Dec, 2016 07:14pm

Asia

China details operating areas for foreign NGOs under new law

BEIJING: China's Ministry of Public Security on Wednesday unveiled a list of areas where foreign non-governmental organisations (NGO) are allowed to operate, from legal advice to equality of the sexes, ahead of the enforcement of a new law.

Published 21 Dec, 2016 07:13pm

Financial

Polish stocks rise as optimism on economy offsets parliament standoff

BUDAPEST: Polish stocks hit an eight-month high on Wednesday, reflecting optimism about the country's growth prospects next year and shrugging off political tension as opposition lawmakers continued a sit-in in parliament.

Published 21 Dec, 2016 07:12pm

Commodities

CBOT Trends-Soy up 4-5 cts, corn down 1-2 cts, wheat down 1-3 cts

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

Published 21 Dec, 2016 07:12pm

Financial

TSX up with energy and industrials; SNC-Lavalin jumps 3.9pc

TORONTO: Canada's main stock index rose in morning trade on Wednesday, its fifth minor gain in a row, helped by rising energy and industrial stocks, with construction company SNC-Lavalin jumping after winning an oil sands service contract.

Published 21 Dec, 2016 07:11pm

Financial

C$ dips, paring some of prior day's gains

TORONTO: The Canadian dollar weakened slightly against its US counterpart on Wednesday but hung on to most of the previous day's gains as oil prices rose and the greenback retreated from a 14-year high.

Published 21 Dec, 2016 07:10pm

Europe

Brexit threatens 10 percent of London financial jobs

LONDON: Up to 10 percent of jobs in London's financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday.

Published 21 Dec, 2016 07:09pm

Energy

Brent curve signals oil tanks will start emptying in second half of 2017: Kemp

LONDON: OPEC and non-OPEC oil producers have agreed to reduce their combined output by more than 1.

Published 21 Dec, 2016 07:06pm

World

Brazil's Temer says states must still commit to austerity

BRASILIA: Brazil's President Michel Temer said on Wednesday that states that seek debt relief from the federal government will be required to commit to austerity practices despite a bill passed by the lower house of Congress excluding fiscal commitmen

Published 21 Dec, 2016 07:05pm

Industry

Brazil's Embraer says to lease 11 jets to South African Airlink

SAO PAULO: South African regional airline Airlink will add 11 ERJ 140 jets by Brazilian planemaker Embraer SA to its fleet through a leasing contract, Embraer said in a statement on Wednesday.

Published 21 Dec, 2016 07:04pm

Europe

Berlin truck attack: the investigation so far

BERLIN: A Polish-registered truck, a kidnapped driver, a falsely-accused Pakistani and a manhunt for a Tunisian suspect: here is what we know about the investigation into the truck attack on a Berlin Christmas market that left 12 people dead.

Published 21 Dec, 2016 07:03pm

Energy

Asia Naphtha/Gasoline-Gasoline hits three-week high

SINGAPORE: Asia's naphtha crack was at a three-session high of $66.

Published 21 Dec, 2016 07:00pm

Energy

Asia Fuel Oil-Cash premiums slip as BP undercuts suppliers

SINGAPORE: Cash premiums of 380-cst fuel oil sagged to a near two-week low after aggressive selling by BP in the Platts window, industry sources said.

Published 21 Dec, 2016 06:59pm

Energy

Asia Distillates-Discount widens on higher supplies ahead

SINGAPORE: Asia's cash discount for 500ppm gasoil widened 27 percent to 38 cents a barrel on Wednesday, the steepest discount in about two weeks as the pressure of high supply in the next months weighed.

Published 21 Dec, 2016 06:59pm

Business & Economy

Textile exports up by 10pc in November

ISLAMABAD: Exports of textile sector went up by 10pc to surpass US $1 billion in November 2016.

Published 21 Dec, 2016 06:55pm

General News

About 83 recommendations incorporated in Finance Bill 2016, Senate body informed

ISLAMABAD: The Senate Standing Committee on Finance was informed Wednesday that 83 recommendations were implemented or were in the process of implementation out of total 86 proposals accepted for incorporation in the Finance Bill 2016.

Published 21 Dec, 2016 06:54pm

General News

Dar assures Railways maximum help, assistance on upgradation

ISLAMABAD: Federal Minister for Finance Senator Muhammad Ishaq Dar Wednesday assured the Ministry of Railways maximum possible help and assistance for its upgradation plan.

Published 21 Dec, 2016 06:50pm

Pakistan Top News

Dar holds meeting with LCCI delegation

ISLAMABAD: Minister for Finance Senator Muhammad Ishaq Dar Wednesday held a meeting with a delegation of the Lahore Chamber of Commerce and Industry (LCCI) led by Abdul Basit, President LCCI here and discussed matters pertaining to national economy and th

Published 21 Dec, 2016 06:50pm

Front Top News

US wants to further enhance trade with Pakistan: David Hale

ISLAMABAD: The United States Ambassador to Pakistan David Hale Wednesday said Pakistan was an important ally of the United States and promotion of bilateral trade would be mutually beneficial for both countries.

Published 21 Dec, 2016 06:46pm

World Top News

The cold-blooded killer of Russia's Turkey envoy

ISTANBUL: Mevlut Mert Altintas, 22, had been a Turkish police officer in the capital Ankara all his working life.

Published 21 Dec, 2016 06:44pm

Financial

European stocks slip as Italian bank woes resurface

LONDON: Europe's main stock markets dropped Wednesday, with focus once more on Italian bank Monte dei Paschi, whose shares tumbled on fading hopes that it will avoid a state bailout.

Published 21 Dec, 2016 06:41pm

Commodities

Nigeria seizes smuggled plastic rice

LAGOS: Nigeria has seized over 100 bags of plastic rice smuggled into the country, where prices of the staple food are rocketing ahead of the Christmas and New Year holidays.

Published 21 Dec, 2016 06:39pm

Europe

European populists link Berlin attack to Merkel policies

LONDON: Populists across Europe have seized on the truck attack in Berlin as a way to criticise Germany's immigration policy but key players have held back on jumping to conclusions as the investigation continues.

Published 21 Dec, 2016 06:36pm

World Top News

Four Turkish soldiers killed in fight for Syria IS-held town

ISTANBUL: Four Turkish soldiers were killed and 15 wounded in clashes with Islamic State (IS) militants in Syria on Wednesday as the military faced increasing resistance from the extremists in a battle to take a key town, state media said.

Published 21 Dec, 2016 06:34pm

World

Brazil poised to leave recession in 2017: minister

BRASLIA: Brazil is set to exit its recession next year with weak growth and is laying the groundwork for a return to long-term stability, Finance Minister Henrique Meirelles said Wednesday.

Published 21 Dec, 2016 06:32pm

Europe

Erdogan says killer of Russian envoy was member of Gulen group

ANKARA: President Recep Tayyip Erdogan on Wednesday said for the first time the Turkish policeman who assassinated the Russian ambassador to Ankara was a member of the group of the US-based preacher blamed for the July coup.

Published 21 Dec, 2016 06:29pm

Middle East

Jordan arrests man suspected of funding Karak attack

AMMAN: Jordanian security forces have arrested a man suspected of funding an attack by the Islamic State group that killed 10 people including a Canadian tourist, a security source said Wednesday.

Published 21 Dec, 2016 06:28pm

Financial

FedEx, Twitter down as US stocks fall

NEW YORK: US stocks fell early Wednesday, with FedEx dropping on disappointing earnings and Twitter tumbling on an key executive's departure.

Published 21 Dec, 2016 03:26pm

General News

Life of Holy Prophet is the best to be followed: Jam Mehtab

KARACHI: Sindh Minister for Education and Literacy Jam Mehtab Hussain Dahar has said that the life of the Holy Prophet Muhammad (Peace Be Upon Him) is the best to be followed by every one in all walks of life and it is the only way of salvation not only i

Published 21 Dec, 2016 03:21pm

Pakistan Top News

Grand Mufti of Bosnia and Herzegovina calls on PM

SARAJEVO (Bosnia and Herzegovina): Rais- ul-Ulema Husein ef Kavazovic, the Grand Mufti of Bosnia and Herzegovina called on Prime Minister Muhammad Nawaz Sharif here on Wednesday.

Published 21 Dec, 2016 03:18pm

Pakistan Top News

Senate passes Companies (Appointment of Legal Advisers) (Amendment) Bill, 2016

ISLAMABAD: The Senate on Wednesday passed the Companies (Appointment of Legal Advisers) (Amendment) Bill, 2016 with an amendment.

Published 21 Dec, 2016 03:09pm

General News

CPEC termed a geopolitical game-changer for Pakistan

KARACHI: The China-Pakistan Economic Corridor (CPEC) has been termed as a Geopolitical game-changer for Pakistan.

Published 21 Dec, 2016 02:59pm

Industries & Sectors

CNG availability to increase after price deregulation

ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi Wednesday said availability of Compressed Natural Gas (CNG) would increase after deregulation of its price.

Published 21 Dec, 2016 02:58pm

General News

All religions teach peace, harmony, respect for humanity: Ayaz Sadiq

ISLAMABAD: Speaker National Assembly Sardar Ayaz Sadiq Wednesday said that promotion of interfaith harmony was vital for progress and prosperity of country.

Published 21 Dec, 2016 02:55pm

General News

PM meets three-member Presidency of Bosnia and Herzegovina

SARAJEVO (Bosnia): Prime Minister Muhammad Nawaz Sharif Wednesday held a meeting with members of Presidency of Bosnia and Herzegovina and discussed issues of bilateral interest.

Published 21 Dec, 2016 02:25pm

General News

CCI approves National Forest Policy: Senate told

ISLAMABAD: Minister for Climate Change Zahid Hamid on Wednesday apprised the Senate that Council of Common Interests (CCI) has given approval to the National Forest Policy in principally and action plan for its implementation would be carried out with con

Published 21 Dec, 2016 02:19pm

Arts

SC accepts Ayyan Ali's plea for urgent hearing on ECL case

ISLAMABAD: The Supreme Court on Wednesday accepted model Ayyan Ali's plea for urgent hearing of plea seeking lifting of travel ban.

Published 21 Dec, 2016 02:16pm

Pakistan

ECP urges fool proof security for LG slots' polls

ISLAMABAD: The Election Commission of Pakistan (ECP) has urged fool proof security arrangements for smooth conduct of elections at polling stations for Chairmen and Vice Chairmen slots in Toba Tek Singh on Thursday.

Published 21 Dec, 2016 02:15pm

General News

Rabbani seeks progress report on setting up CCI's secretariat in Capital

ISLAMABAD: Chairman Senate Mian Raza Rabbani Wednesday asked the minister for Inter-Provincial Coordination to present progress report on Thursday to the house on setting up Council of Common Interests (CCI) permanent secretariat in the Capital and appoin

Published 21 Dec, 2016 02:04pm

General News

Govt releases Rs18.8mn for Narcotics control projects

ISLAMABAD: The government has so far released Rs18.

Published 21 Dec, 2016 02:02pm

Business & Economy

Pakistani envoy interacts with British business leaders in Bradford

ISLAMABAD: Pakistan High Commissioner to the UK, Syed Ibne Abbas had a luncheon meeting with a group of British business leaders, City Council representatives, government officials and academics in Bradford.

Published 21 Dec, 2016 02:02pm

Industries & Sectors

Chinese investors interested in textile sector

KARACHI: Visiting Chinese investors from Shenzhen province on Wednesday showed deep interest in Pakistan's textile sector including entering deals with Pakistani businessmen for sale of goods and purchase of textile raw materials and for joint venture

Published 21 Dec, 2016 02:00pm

Industries & Sectors

CPEC spurs capacity building in cement industry

KARACHI: The cement industry has gone in for capacity expansion from 44 million tons to 60 million tons within a couple of years to meet the massive rise in domestic demand due to China-Pakistan Economic Corridor (CPEC) and other public sector projects, s

Published 21 Dec, 2016 01:53pm

General News

Corps Commander Karachi meets CM Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that the efforts are afoot to make peace in the city sustainable and this was the consensus developed in the last Apex meeting held to discuss its over achievements and to bid farewell to the outg

Published 21 Dec, 2016 01:51pm

General News

No rift between ministry, NEPRA on Nandipur project: Asif

ISLAMABAD: Minister for Water and Power Khawaja Muhammad Asif Tuesday said there was no rift between the Ministry of Water and Power and the National Electric Power Regulatory Authority (NEPRA) on the Nandipur power project.

Published 21 Dec, 2016 01:48pm

General News

Belarus to start training courses in Pakistan

ISLAMABAD: Managing Director Pakistan Tourism Development Corporation (PTDC) Abdul Ghafoor Wednesday said Pakistan would make every effort to extend all possible security and safety measures to Belarus tourists and mountaineers.

Published 21 Dec, 2016 01:36pm

General News

NA PAC directs IT ministry to conduct inquires

ISLAMABAD: National Assembly Public Account Committee (PAC) Wednesday directed Ministry of Information Technology and Telecommunication to conduct inquires into the matter of inordinate delay in projects resulting in non capitalization of expenditure.

Published 21 Dec, 2016 01:34pm

Industries & Sectors

Pakistan, Bosnia to boost cooperation in power generation, investment, trade

SERAJEVO: Pakistan and Bosnia while vowing to explore new areas of cooperation, agreed to enhance cooperation in power generation, trade, business and investment sectorson on Wednesday.

Published 21 Dec, 2016 01:32pm

Pakistan Top News

Government effectively highlighted Indian brutalities in IoK: Sartaj

ISLAMABAD: Adviser to Prime Minister on Foreign Affairs Sartaj Aziz Wednesday told the Senate that the government has effectively highlighted brutalities of occupational forces in Indian Occupied Kashmir (IoK).

Published 21 Dec, 2016 01:29pm

Pakistan Top News

Pakistan, Bosnia agree to strengthen ties in trade, defence, agriculture

SARAJEVO (Bosnia): Prime Minister Muhammad Nawaz Sharif and the Chairman of Council of Bosnia and Herzegovina (prime minister) Dr Denis Zvizdic on Wednesday agreed to strengthen ties in the field of trade, defence, agriculture and textiles.

Published 21 Dec, 2016 01:29pm

Pakistan Top News

PM meets members of Bosnian parliament

SARAJEVO: Prime Minister Muhammad Nawaz Sharif Wednesday met members of the collegium of the two Chambers of Parliament of Bosnia and Herzegovina here and discussed ways to strengthen parliamentary cooperation between the two countries.

Published 21 Dec, 2016 01:21pm

Money & Banking

BNP Paribas says makes first real-time blockchain payments for clients

PARIS: France's BNP Paribas said it had processed its first live payments in various currencies for two corporate clients via blockchain technology, in a further sign of the growing importance of the new technology for major banks.

Published 21 Dec, 2016 12:53pm

Money & Banking

UK firms see inflation rising noticeably next year

LONDON: Costs paid by British companies for materials and imports rose at the fastest pace in around five years in the fourth quarter, something that will cause inflation to rise noticeably next year, a Bank of England survey showed on Wednesday.

Published 21 Dec, 2016 12:51pm

Managed Funds

Ukraine dollar-bonds hit 6-week highs as budget boosts IMF tranche hopes

LONDON: Ukrainian sovereign dollar bonds rallied across the curve on Wednesday after the passage of the 2017 budget boosted chances of securing the next tranche of the International Monetary Fund's (IMF) $17.

Published 21 Dec, 2016 12:51pm

Cricket

Shahid Afridi slams 'shameful' arrest of his Indian fan

Pakistan star all rounder Shahid Afirid has blasted out to the arrest of an Indian student for wearing a shirt bearing his name, calling it "shameful" on Wednesday.

Published 21 Dec, 2016 12:49pm

Industry

VW gets final clearance from KBA watchdog for diesel fixes

BERLIN: Volkswagen said on Wednesday it has received all clearances from Germany's motor vehicle authority KBA to fix diesel cars fitted with illicit emission-control software.

Published 21 Dec, 2016 12:46pm

Commodities

China's top corn producer to cut toll fees to ease congestion

BEIJING: China's top corn producing province Heilongjiang will cut highway toll fees for trucks carrying corn, following last week's move by neighboring Jilin province to relax trucking rules in an effort to ease logjams and high costs.

Published 21 Dec, 2016 12:44pm

Commodities

Gold edges higher as dollar retreats from 14-year peak

LONDON: Gold firmed on Wednesday as a retreat in the dollar from the previous session's 14-year peak prompted some buyers to hunt bargains after the metal's sharp slide from its November high.

Published 21 Dec, 2016 12:41pm

Financial

European shares ease as Monte Paschi, Spanish lenders slump

MILAN: European shares inched lower on Wednesday but stayed close to their highest in over 11 months as merger and acquisition activity propped up the market, while Monte dei Paschi slumped to fresh record lows on worries over its rescue.

Published 21 Dec, 2016 12:39pm

Money & Banking

Spanish economy to grow 0.7pc on quarter in Q4

MADRID: The Bank of Spain said on Wednesday it expected the Spanish economy to grow at 0.

Published 21 Dec, 2016 12:39pm

Commodities

Marubeni predicts Japan aluminium premiums at $80-$140/T in 2017

TOKYO: The premiums that Japanese buyers pay for aluminium are projected to stay between $80 and $140 a tonne next year, with a gradual rise later in the year on the back of healthy global demand, Japanese trading house Marubeni said on Wednesday.

Published 21 Dec, 2016 12:37pm

Money & Banking

Hungary's central bank accepts HUF 400bn in 3-month deposits, as expected

BUDAPEST: The Hungarian central bank accepted 3-month deposits worth 400 billion forints ($1.

Published 21 Dec, 2016 12:36pm

Commodities

Thailand, Vietnam markets quiet ahead of Christmas, New Year

HANOI: Rice export prices in Vietnam widened this week while prices in Thailand were flat in a quiet market ahead of Christmas and New Year holidays, traders said on Wednesday.

Published 21 Dec, 2016 12:33pm

Commodities

Japan to import 6,700 tonnes of feed wheat via tender

TOKYO: Japan's Ministry of Agriculture said it would import 6,700 tonnes of feed-quality wheat for livestock use via a simultaneous buy and sell (SBS) auction that closed late on Wednesday.

Published 21 Dec, 2016 12:32pm

Commodities

Palm rebounded from three-day fall as traders cover position

KUALA LUMPUR: Malaysian palm oil futures edged up on Wednesday, breaking a three-day losing streak as traders look to square their positions ahead of the holidays.

Published 21 Dec, 2016 12:31pm

World

Brazil's inflation slows more than expected in mid-December

SAO PAULO: Brazil's annual inflation rate slowed more than expected in mid-December, the official statistics agency said on Wednesday, approaching the top end of the government's target and paving the way for further interest rate cuts by the cent

Published 21 Dec, 2016 12:27pm

Financial

Dollar retreats from 14-years high, Swedish crown has best day in 6 months

LONDON: The dollar took a breather on Wednesday after reaching a 14-year high the previous day, while the Swedish crown chalked up its biggest rise in six months after the Riksbank voted to ease policy further only by the narrowest of margins.

Published 21 Dec, 2016 12:26pm

Industry

Ryanair, Aer Lingus face tax bill after EU court ruling on state aid

LUXEMBOURG: Ryanair and Aer Lingus face paying back millions of euros in air travel taxes after the European Court of Justice ruled on Wednesday that they had benefited from unlawful aid from the Irish government.

Published 21 Dec, 2016 12:24pm

Financial

Sri Lankan rupee ends lower on importer dollar demand, capital outflows

COLOMBO: The Sri Lankan rupee closed weaker on Wednesday due to dollar demand from importers and capital outflows from government securities, dealers said, as the greenback hovered near 14-year peaks against a basket of major currencies.

Published 21 Dec, 2016 12:22pm

Cricket

Ahmad Shahzad lands in trouble again

Pakistans out spoken opener Ahmad Shahzad fell in trouble once again, after he was found misbehaving with an umpire in a domestic match.

Published 21 Dec, 2016 12:20pm

Sports

Kvitova is 'feeling good' after hand surgery

PRAGUE: Two-time Wimbledon tennis champion Petra Kvitova is "feeling good" following surgery on her playing hand after she was attacked in her apartment by a knife wielding intruder, her spokesman said on Wednesday.

Published 21 Dec, 2016 12:20pm

Money & Banking

Italy lawmakers approve 20bn euro plan to prop up banks

ROME/MILAN: Italy's parliament gave the green light on Wednesday for a 20 billion euro ($20.

Published 21 Dec, 2016 12:17pm

Money & Banking

EU bank sector exceeds liquidity rules ahead of deadline

LONDON: The European Union banking sector has complied with new liquidity rules ahead of a 2018 deadline and no extra time is needed to plug an 11 billion euro shortfall at a few banks, the bloc's watchdog said on Wednesday.

Published 21 Dec, 2016 12:16pm

Arts

First Californian embassy inauguration in Russia

The emergence of Donald Trump as the President of the United States of America (USA), has came as one of the biggest political upset in the recent memory.

Published 21 Dec, 2016 11:23am

Pakistan Top News

PM for strong trade, cultural ties with Bosnia, Herzegovina

SERAJEVO (Bosnia): Prime Minister Muhammad Nawaz Sharif Wednesday said that Pakistan valued its ties with Bosnia and Herzegovina and would welcome joint ventures in the fields of trade, defence and culture.

Published 21 Dec, 2016 11:10am

General News

Interior Minister visits FC headquarters, lays wreath at Yadgar-e-Shuhada

PESHAWAR: Minister for Interior, Chaudry Nisar Ali Khan visited Headquarters of Frontier Corps (FC) at Bala Hisar Fort here on Wednesday morning.

Published 21 Dec, 2016 11:09am

General News

President advises students to excel in studies for prosperous future

HASSANABDAL: President Mamnoon Hussain Wednesday advised students to equip themselves ideally with the profession of their choice after excelling in their academic career so that they could face the future challenges and serve the country.

Published 21 Dec, 2016 11:08am

Sports

Australian Open prize money rises to $36m

SYDNEY: Next month's Australian Open will offer Aus$50 million (US$36.

Published 21 Dec, 2016 11:03am

Front Top News

RECORDER REPORT: PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Wednesday having 46993.

Published 21 Dec, 2016 10:45am

General News

Mayor Waseem Akhtar seeks more power

KARACHI: Mayor Karachi Waseem Akhtar has once again complained about limited resources and said local governments are not being allowed to flourish.

Published 21 Dec, 2016 10:44am

Financial

Dollar retreats from 14-year high, banks pull European shares lower

LONDON: The dollar eased back from 14-year highs as bond yields fell on Wednesday while concerns over banks pulled European shares lower, as momentum from Asia and Wall Street faded.

Published 21 Dec, 2016 10:30am

Financial

Sterling edges close to one-month lows vs dollar

LONDON: Sterling edged close to a one-month low against the dollar on Wednesday, kept under pressure by uncertainty over Brexit negotiations and by a greenback buoyed by expectations for faster U.

Published 21 Dec, 2016 10:29am

Cricket

Batting strength in depth a good problem for India

MUMBAI: The emergence of youngsters Lokesh Rahul and Karun Nair will increase the pressure on India's established batsmen to be more consistent as the world's top-ranked test side look to dominate next year.

Published 21 Dec, 2016 10:27am

World

Saudi budget to boost spending, raise domestic fuel prices

DUBAI: Saudi Arabia's state budget for 2017, which is expected to be released on Thursday, will boost spending to support economic growth while raising domestic energy prices to ease the government's subsidy burden, sources told Reuters.

Published 21 Dec, 2016 10:11am

Arts

No Chikungunya virus in Pakistan till date, confirms WHO

Chikungunya is a viral disease transmitted to humans by infected mosquitoes.

Published 21 Dec, 2016 10:10am

Cricket

Cricket legends warn Pakistan not to get carried away

Losing a hard fought battle does bring in heaps of praises for one if not victory, this is the case with Pakistan cricket team, which has been receiving applause for its gutsy show against the Aussies in the first Test match at the Gabba, Brisbane.

Published 21 Dec, 2016 09:41am

Commodities

TOCOM ends up 1.6pc on firm Shanghai futures

TOKYO: Benchmark Tokyo rubber futures ended up 1.

Published 21 Dec, 2016 09:33am

Life & Style

Aamir Khan's 'Dangal' won't release in Pakistan

The news about Pakistani cinemas lifting the self-imposed ban on Bollywood movies have brought mixed reactions from the audience.

Published 21 Dec, 2016 09:22am

Front Top News

Govt turning democracy into monarchy, says Imran Khan

ISLAMABAD: Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan expressed that efforts are underway in the country to transform democracy into monarchy.

Published 21 Dec, 2016 09:21am

Financial

Russia's rouble gains as global oil prices rise

MOSCOW: The Russian rouble opened higher on Wednesday, helped by global oil prices which rose on expectations of a reduction in crude inventories in the United States.

Published 21 Dec, 2016 09:05am

Money & Banking

India central bank rolls back cash deposit curb with immediate effect

MUMBAI: The Reserve Bank of India on Wednesday rolled back a recent curb on cash deposits that had been put in place just 10 days before the end of the government's demonetisation deadline of Dec.

Published 21 Dec, 2016 09:03am

Asia

Modi losing friends as anger grows over Indian cash crackdown

NEW DELHI: A leading political ally of Narendra Modi has abruptly distanced himself from the Indian prime minister's move to scrap high-value banknotes, as broad initial support for the radical monetary reform showed signs of crumbling.

Published 21 Dec, 2016 09:02am

Financial

Gulf edges up before Saudi budget, Egypt continues bull run

DUBAI: Gulf stock markets edged up early on Wednesday ahead of the release of Saudi Arabia's state budget for 2017, which is expected on Thursday.

Published 21 Dec, 2016 08:58am

Financial

Sri Lankan rupee down on importer dollar demand, capital outflows

COLOMBO: The Sri Lankan rupee fell on Wednesday due to importer demand for the dollar and capital outflows from government securities as the greenback held near 14-year peaks against a basket of major currencies.

Published 21 Dec, 2016 08:57am

Commodities

India's natural rubber imports jump 22.4pc y/y in Nov

MUMBAI: India's natural rubber imports in November jumped 22.

Published 21 Dec, 2016 08:56am

Financial

Hong Kong stocks end up after four straight losses

HONG KONG: Hong Kong stocks staged a slight recovery Wednesday after falling in the four previous days while traders also tracked another record close on Wall Street.

Published 21 Dec, 2016 08:53am

Industry

Coca-Cola bottles African stake from ABInbev

BRUSSELS: Soft drinks giant Coca-Cola has agreed to pay more than three billion dollars to recently-merged AB InBev for control of Africa's biggest soft drinks bottling company, both companies said Wednesday.

Published 21 Dec, 2016 08:52am

Financial

Most Asian markets pick up US baton, resume rally

HONG KONG: Most Asian markets turned higher Wednesday as investors tracked another record on Wall Street and refocused on the global economy after two deadly attacks.

Published 21 Dec, 2016 08:51am

Cricket

Andre Russell banned from using his outrageous bat

Fellow West Indian hard hitting all-rounder Andre Russell, was banned from using his outrageous black painted bat in the KFC Big Bash League, after it was found to have discolored the white ball.

Published 21 Dec, 2016 08:49am

Front Top News

Germany releases Pakistani man held over Berlin attack

BERLIN: German authorities released a Pakistani asylum-seeker suspected of driving a truck into a Berlin Christmas market and killing 12 people due to a lack of evidence.

Published 21 Dec, 2016 08:40am

General News

PIA recovers 15 Kg heroin from it's Jeddah bound flight

ISLAMABAD: Pakistan International Aailine's (PIA) security and vigilance team has recovered 15 Kg of heroin from its flight ready to depart for Jeddah from Karachi.

Published 21 Dec, 2016 08:32am

Pakistan

PML(N) nominates candidates for Local Body polls on merit: Sanaullah

FAISALABAD: Punjab Law Minister Rana Sanaullah Khan Wednesday said the PML(N) has nominated candidates for local bodies elections purely on merit basis.

Published 21 Dec, 2016 08:31am

Life & Style

Embarrassing moment when Sunny Leone met Shah Rukh Khan

Bollywood actress Sunny Leone recently reveals an awkward moment when she met Shah Rukh Khan on the sets of Raees.

Published 21 Dec, 2016 08:28am

General News

Last phase of LB polls to be held on Thursday

FAISALABAD: Last phase of local bodies election will be held on December 22 with the election of mayor/deputy mayors of municipal corporation and chairman/vice chairmen of district council and municipal committees.

Published 21 Dec, 2016 08:27am

Commodities

Bangladesh tea prices steady on demand for good grade

DHAKA: Tea prices in Bangladesh were largely flat at the weekly auction on Tuesday on strong demand for good varieties after a steep drop in prices in the previous auction.

Published 21 Dec, 2016 08:18am

Financial

Nikkei edges down in choppy trade, investors book profits

TOKYO: Japan's Nikkei share average edged down on Wednesday in choppy trade ahead of the holidays as investors locked in gains after the market hovered at more than one-year highs earlier.

Published 21 Dec, 2016 08:17am

Financial

Won, baht hit multi-month lows on worry over Fed rate hike pace

SINGAPORE: The South Korean won and the Thai baht hit multi-month lows against the dollar on Wednesday, weighed down by expectations of a faster pace of US interest rate increases after Donald Trump becomes president on Jan.

Published 21 Dec, 2016 08:16am

Commodities

Gold prices firm as dollar slips from 14-year high

BENGALURU: Gold rose on Wednesday to reverse earlier losses, with the US dollar edging away from 14-year highs touched the day before.

Published 21 Dec, 2016 08:13am

Energy

Oil prices edge up on expected US crude inventory draw

SINGAPORE: Oil prices nudged higher on Wednesday on expectations of a U.

Published 21 Dec, 2016 08:11am

Commodities

London copper eases further from 1-month low on demand hopes

MELBOURNE: London copper on Wednesday climbed further away from a one-month low hit earlier in the week, with investors betting that stronger U.

Published 21 Dec, 2016 08:10am

Financial

JGBs firm in thin trade ahead of holidays, underpinned by BOJ

TOKYO: Japanese government bond prices edged higher in thin trading on Wednesday, as investors wound down for the upcoming holidays.

Published 21 Dec, 2016 08:09am

Money & Banking

Philippine central bank seen holding rates, confident on growth and inflation

MANILA: Strong growth and manageable inflation should let the Philippine central bank, at its first meeting since the Federal Reserve hiked U.

Published 21 Dec, 2016 08:08am

Industry

ECB money has failed to boost economy substantially

RIGA: The European Central Bank's aggressive money-printing has failed to boost growth in the euro zone substantially, Latvia's Ilmars Rimsevics said on Wednesday, the third ECB rate setter to express disappointment about the programme in the past

Published 21 Dec, 2016 07:56am

Energy

India's Iran oil imports slide 19pc in Nov, Saudi regains top supplier slot

NEW DELHI: India's oil imports from Iran fell 19 percent in November from a record high the previous month after regional rivals Saudi Arabia and Iraq raised sales to the world's third-biggest oil consumer, regaining their positions as the top two

Published 21 Dec, 2016 07:49am

Pakistan Top News

RECORDER REPORT: PSX mid day update

KARACHI: On Wednesday, until mid day, KSE-100 Index was at 47140.

Published 21 Dec, 2016 07:21am

Front Top News

Pakistan, Iran to discuss FTA prospects

MUSHTAQ GHUMMAN%D%AISLAMABAD: Commerce Minister Engineer Khurram Dastgir Khan will visit Iran on December 28-29, 2016 on the invitation of Iranian Minister for Industries, Mines and Trade Mohammed Reza Nematzadeh to discuss modus operandi for much talked-

Published 21 Dec, 2016 07:17am

Financial

South Korea won extends slide as dollar stands tall, stocks edge up

SEOUL: The South Korean won extended its slide early on Wednesday, capping the fifth session of losses on the back of a relentless dollar rally fuelled by yield-allure as investors bet on US growth and interest rates moving to a higher gear.

Published 21 Dec, 2016 07:08am

Financial

Dollar basks in yield glow, Nikkei at 1-year peak

SYDNEY: The US dollar held near 14-year peaks on Wednesday as global yield spreads moved inexorably in its favour, while a falling yen lifted Japanese shares to a one-year top.

Published 21 Dec, 2016 07:06am

Financial

Dollar holds gains at 14-year peak on Trump trade, yield allure

TOKYO: The dollar hovered near a 14-year high against the euro on Wednesday, supported by expectations of U.

Published 21 Dec, 2016 07:05am

Front Top News

July-November current account deficit up 91 percent

RECORDER REPORT%D%AKARACHI: The country's current account deficit reached $2.

Published 21 Dec, 2016 06:58am

Front Top News

CNG prices deregulated

ABDUL RASHEED AZAD%D%AISLAMABAD: The Ministry of Petroleum and Natural Resources Tuesday approved the deregulation of prices of Compressed Natural Gas (CNG), following which the station owners will be free to set their own prices.

Published 21 Dec, 2016 06:51am

Life & Style

Aamir Khan uses steroids for 'Dangal' body transformation?

Superstar Aamir Khan has been in news for his drastic weight loss for his upcoming movie Dangal.

Published 21 Dec, 2016 06:27am

Europe

May raises possibility of Brexit transition deal

LONDON: Prime Minister Theresa May on Tuesday said she was planning to negotiate both Brexit and Britain's future relationship with the EU by 2019 but a transition period may be required after that.

Published 21 Dec, 2016 06:24am

Sports

Toulouse not taking Grenoble lightly

PARIS: Toulouse are wary of a backlash from a rested Grenoble as they look to maintain their free-scoring European form when returning to domestic Top 14 duty on Thursday night.

Published 21 Dec, 2016 06:23am

Financial

Asian markets pick up US baton, resume rally

HONG KONG: Asian markets turned higher Wednesday and the dollar resumed its upward march as investors tracked another record on Wall Street and refocused on the global economy after Europe's deadly attacks.

Published 21 Dec, 2016 06:21am

Financial

Tokyo's benchmark stock index up in morning session

TOKYO: Tokyo's benchmark index rose Wednesday morning after gains on Wall Street and as Japan's top central banker said he saw no problem with a drop in the yen that has revved up equity markets.

Published 21 Dec, 2016 06:20am

Financial

Hong Kong stocks bounce in morning after four-day loss

HONG KONG: Shares clawed back slightly Wednesday morning after suffering a four-day losing streak, with traders tracking another record close on Wall Street.

Published 21 Dec, 2016 06:19am

Front Top News

At least 29 dead, 70 hurt in Mexico fireworks market blast

TULTEPEC: A massive explosion gutted Mexico's biggest fireworks market Tuesday, killing at least 29 people and injuring 70, authorities said.

Published 21 Dec, 2016 06:05am