News Archives for Latest - 2016-12-30

North America

Obama to meet lawmakers in attempt to protect health law

WASHINGTON: President Barack Obama plans to meet on Wednesday with Democratic lawmakers in Congress to discuss how to protect his signature healthcare law from Republican efforts to dismantle it, Politico reported on Friday.

Published 30 Dec, 2016 05:27pm

Money & Banking

ECB's Coeure says policy normalisation must be discussed carefully

FRANKFURT: The European Central Bank has not discussed ending its asset-purchase programme, ECB Executive Board Member Benoit Coeure told a German newspaper, though he said that would have to happen at some point.

Published 30 Dec, 2016 05:25pm

Financial

Wall St set to end 2016 with a whimper

NEW YORK: US stocks fell on the last trading day of 2016, eating into gains for the year, following a decline in technology stocks.

Published 30 Dec, 2016 05:24pm

Commodities

US Cash Soymeal-Indiana offers down $4 per ton, flat elsewhere

CHICAGO: Soymeal basis offers fell by $4 per ton in the truck market in Frankfort, Indiana, on Friday and were mostly unchanged elsewhere in the United States amid lackluster demand from livestock and poultry producers, dealers said.

Published 30 Dec, 2016 05:23pm

Energy

US crude output jumps 232,000 bpd to 8.81m bpd in Oct

NEW YORK: US crude oil output rose 232,000 barrels per day in October to 8.

Published 30 Dec, 2016 05:22pm

World Top News

Kerry calls Dar, appreciates improvement in Pak economic indicators

ISLAMABAD: US Secretary of State John Kerry made a telephone call to Finance Minister Senator Muhammad Ishaq Dar Thursday night and appreciated improvement in economic indicators of Pakistan.

Published 30 Dec, 2016 04:41pm

Business & Economy

Pakistan, France need to upgrade bilateral trade, investment

ISLAMABAD: With a stable economy, improved security situation and liberal investment regime, Pakistan offered many attractive investment opportunities for French businessmen and companies.

Published 30 Dec, 2016 04:38pm

Front Top News

World Politics in 2016

PARIS: From Donald Trump's victory to the Brexit vote and the fall of Syria's Aleppo, here is a snapshot of 10 stories that dominated the news in 2016:%D%A- Trump wins US vote -%D%AOn November 8, Republican billionaire Trump, a 70-year-old populis

Published 30 Dec, 2016 03:12pm

World Top News

Events that shaped 2016

PARIS: The shock election of Donald Trump to the White House, Britain crashing out of the European Union, attacks in Europe and the deaths of Mohammed Ali and David Bowie: 2016 has been a momentous news year.

Published 30 Dec, 2016 03:09pm

Sports

McGregor out of Octagon for 10 months

Ultimate Fighting Championship (UFC) lightweight champion Conor McGregor will be out from the octagon for 10 months, this was stated by UFC President Dana White.

Published 30 Dec, 2016 02:39pm

General News

Governor praises sacrifices of Pak-army, tribesmen for restoration of peace

PESHAWAR: Khyber Pakhtunkhwa Governor, Eng.

Published 30 Dec, 2016 02:31pm

Cricket

South Africa can get better: Du Plessis

PORT ELIZABETH: South African captain Faf du Plessis said there was room for improvement after his team completed a comfortable 206-run win in the first Test against Sri Lanka at St George's Park on Friday.

Published 30 Dec, 2016 01:33pm

Pakistan Top News

China to build $1.5 billion power line across Pakistan

ISLAMABAD: China's State Grid Corporation is set to build a $1.

Published 30 Dec, 2016 01:29pm

Financial

World markets end volatile year in the black

LONDON: Most world stocks markets are set to finish 2016 in positive territory despite shock votes in Britain and the United States, but 2017 is clouded by looming European elections and Brexit.

Published 30 Dec, 2016 01:26pm

Sports

Serena Williams reveals she's engaged

Tennis superstar Serena Williams ended 2016, with a bang after she announced her engagement with Reddit Co Founder Alexis Ohanian.

Published 30 Dec, 2016 01:25pm

Europe

Putin 'reserves right' to retaliate, will look at Trump's policies

MOSCOW: Russia reserves the "right" to retaliate to US sanctions over hacking, but will watch the policy moves of Donald Trump who enters the White House next month, President Vladimir Putin said Friday.

Published 30 Dec, 2016 01:24pm

Financial

London stock market rebounds to new record peak

LONDON: The British stock market finished 2016 with a bang on Friday, rebounding to a new record closing high in shortened holiday trade.

Published 30 Dec, 2016 01:23pm

Financial

Greece to auction 1.25bn euros of 6-month T-bills on Jan. 4

ATHENS: Greece will sell 1.

Published 30 Dec, 2016 01:08pm

Commodities

Gold set to snap three-year losing streak with 9 percent gain

LONDON: Gold hit a two-week high on Friday on a weaker dollar and was set to close 2016 more than 9 percent higher, snapping three years of declines.

Published 30 Dec, 2016 01:06pm

Commodities

Wheat set for 13 pct drop in 2016 as record supply weighs

PARIS/SYDNEY: US wheat futures were little changed on Friday in light year-end trading, leaving the cereal market poised for an annual decline of more than 13 percent against a backdrop of record global supplies.

Published 30 Dec, 2016 01:04pm

Financial

Asian flash surge takes euro to $1.07

LONDON: A short-lived surge in the euro dominated this year's last day of trade in major foreign exchange markets on Friday, with dealers citing a handful of orders as driving the dollar to its lowest since Dec.

Published 30 Dec, 2016 01:03pm

Europe

Putin says will not expel anyone in response to US sanctions

MOSCOW: Russia will not expel anyone in response to US sanctions against Moscow and the expulsion of 35 Russian diplomats from the United States, the Kremlin quoted Russian President Vladimir Putin as saying in the statement on Friday.

Published 30 Dec, 2016 01:01pm

Commodities

NY cocoa falls to 3-1/2 year low on oversupply concerns

LONDON: New York cocoa futures fell to the lowest level in more than 3-1/2 years on Friday as fast-paced production in top grower Ivory Coast heightened concerns about excess supplies in the 2016/17 season.

Published 30 Dec, 2016 01:00pm

Football

Liverpool need a leader to end title drought

STOCKHOLM: Liverpool need to find a leader and make Anfield a fortress again to end their long title drought, former Reds defensive anchor Glenn Hysen said.

Published 30 Dec, 2016 12:59pm

Financial

Britain's FTSE closes 2016 at record high level

LONDON: Britain's blue-chip FTSE 100 index closed 2016 at a record high level on Friday, with a blistering rally in mining stocks and a sharp fall in sterling after June's shock Brexit vote boosting the market.

Published 30 Dec, 2016 12:57pm

Europe

What we know about Russia's hacking of US election

MOSCOW: Russia has pledged retribution after the US turfed out dozens of diplomats and imposed sanctions over alleged cyberattacks aimed at skewing the presidential election.

Published 30 Dec, 2016 12:02pm

Financial

Tokyo's Nikkei ends volatile 2016 to mark highest close in two decades

TOKYO: Tokyo's benchmark stock index ended a volatile 2016 on a down note Friday, but still hit the highest year-end close in two decades on optimism over the incoming US government.

Published 30 Dec, 2016 11:40am

Pakistan Top News

Russia vows reprisals over US hacking expulsions

MOSCOW: Russia on Friday eyed retaliatory measures against the US after President Barack Obama kicked out dozens of suspected intelligence agents and imposed sanctions in a furious dispute over alleged election interference.

Published 30 Dec, 2016 11:36am

Middle East

Clashes erupt near Damascus despite Syria truce: monitor

BEIRUT: Clashes erupted between Syrian government forces and opposition fighters in an area outside Damascus on Friday, despite a nationwide truce that began at midnight, a monitor said.

Published 30 Dec, 2016 11:25am

Front Top News

Russia moves to expel 35 US diplomats: Lavrov

MOSCOW: Russia's foreign ministry has requested President Vladimir Putin turf out 35 American diplomats from the country in a tit-for-tat response to a similar move by Washington over hacking allegations, Moscow's top diplomat said Friday.

Published 30 Dec, 2016 11:25am

World

Russia records lowest inflation since fall of USSR

MOSCOW: Russian inflation fell to 5.

Published 30 Dec, 2016 11:23am

Life & Style

Kareena Kapoor Khan makes her first public appearance post-baby

Kareena Kapoor Khan recently gave birth to a baby boy Taimur Ali Khan on December 20, and after a very short break she made her first public appearance with hubby Saif Ali Khan on Wednesday.

Published 30 Dec, 2016 11:10am

Cricket

Imran deserves chance to replace Sohail Khan, says Waqar

Pakistan cricket team suffered an embarrassing defeat at the hands of Australia, after the Aussie bowling duo of Starc and Lyon sealed an unlikely win, and with that claimed the series 2-0.

Published 30 Dec, 2016 11:06am

Front Top News

Ishaq Dar for adopting latest technology to improve financial services

ISLAMABAD: Finance Minister Ishaq Dar on Friday reviewed progress on the implementation of National Financial Inclusion Strategy (NFIS) to improve financial services to people across Pakistan.

Published 30 Dec, 2016 10:58am

Business & Finance

Year-ender: Twists and turns of Pakistan politics in 2016

Each year passes with several ups and downs for all nations with the new one bringing hopes and promises.

Published 30 Dec, 2016 10:55am

Life & Style

Bollywood celebrities and their exotic New Year plans

Its almost time to bid adieu to the year 2016 and B-town have already made their plans to celebrate New Year on exotic locales.

Published 30 Dec, 2016 10:53am

Pakistan Top News

China to fund 4,000 MW power transmission line in Pakistan

ISLAMABAD: China would invest US $ 1.

Published 30 Dec, 2016 10:32am

Business & Economy

Rs895.264bn earmarked to facilitate less developed areas

ISLAMABAD: Present government during its regime (2013-14 to 2016-17) has allocated a total amount of Rs 895.

Published 30 Dec, 2016 10:31am

General News

Pakistan for world order on equity basis: Sartaj

ISLAMABAD: Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz Friday said that Pakistan was committed to securing a world order based on freedom, justice and equity.

Published 30 Dec, 2016 10:29am

Cricket

South Africa beat Sri Lanka by 206 runs in 1st Test

PORT ELIZABETH: Kyle Abbott struck twice in the first seven overs to set up a 206-run win for South Africa on the fifth day of the first Test against Sri Lanka at St George's Park on Friday.

Published 30 Dec, 2016 10:26am

Business & Finance

Acumen portfolio company gets acquired by two UK funds

Karachi: The acquisition of Ansaar Management Company(AMC) was finalized last week, and brings on board two major intern

Published 30 Dec, 2016 10:26am

Financial

China's yuan suffers biggest one-year loss since 1994

SHANGHAI: China's yuan strengthened against the dollar on Friday, but was on track for its biggest annual loss since 1994, which would make it the worst performing major Asian currency this year.

Published 30 Dec, 2016 10:10am

Business & Economy

Chinese consortium purchases 40 pct stake in Pakistan Stock Exchange

SHANGHAI: A Chinese-led consortium has purchased a 40 percent stake in the Pakistan Stock Exchange, the Shanghai Stock Exchange said in a statement on Friday.

Published 30 Dec, 2016 10:06am

World

China Q3 current account surplus of $69.3 bn, capital account flips to surplus

BEIJING: China had a final current account surplus of $69.3 billion in the third quarter of this year, according to data published by the foreign exchange regulator on Friday.%D%A

Published 30 Dec, 2016 10:05am

Energy

Oman notifies customers of crude term volume cut in March

SINGAPORE/DUBAI: Gulf oil producer Oman has notified customers that it will reduce its crude term allocation volumes by 5 percent in March, industry and trading sources with knowledge of the cuts said on Friday.

Published 30 Dec, 2016 10:04am

Featured Photos

Automotive Photography by Sarel van Staden - Triumph

Photo Credit : Sarel Van Staden%D%ASarel van Staden is a professional photographer based in Pretoria, South Africa.

Published 30 Dec, 2016 10:03am

Cricket

Irfan back as Pakistan announces ODI squad for Australia series

The Pakistan Cricket Boards (PCB) National Selection Committee announced on Friday a 15-member One Day International (ODI) squad against Australia.

Published 30 Dec, 2016 09:59am

Featured Photos

Automotive Photography by Sarel van Staden - Ferrari 458 II

Photo Credit : Sarel Van Staden%D%ASarel van Staden is an professional photographer based in Pretoria, South Africa.

Published 30 Dec, 2016 09:59am

Pakistan Top News

Development schemes focusing on socio-economic uplift: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Friday said the government's developments were aimed at the socio- economic uplift of people and to make the country prosperous with equal opportunities for all citizens.

Published 30 Dec, 2016 09:54am

Featured Photos

Automotive Photography by Sarel van Staden - Ferrari 458

Photo Credit : Sarel Van Staden%D%ASarel van Staden is a professional photographer based in Pretoria, South Africa.

Published 30 Dec, 2016 09:53am

Financial

European stocks slip on last trading day of 2016

LONDON: European stocks drifted lower in opening trade on Friday with sentiment subdued on the final trading day of 2016, after London struck another record closing peak.

Published 30 Dec, 2016 09:49am

Featured Photos

Automotive Photography by Sarel van Staden - Chevy, Impala

Photo Credit : Sarel Van Staden%D%ASarel van Staden is a professional photographer based in Pretoria, South Africa.

Published 30 Dec, 2016 09:47am

Featured Photos

Automotive Photography by Sarel van Staden - Merc V8

Photo Credit : Sarel Van Staden%D%ASarel van Staden is a professional photographer based in Pretoria, South Africa.

Published 30 Dec, 2016 09:25am

Featured Photos

Automotive Photography by Sarel van Staden - Mustang GT

Photo Credit : Sarel Van Staden%D%ASarel van Staden is an professional photographer based in Pretoria, South Africa.

Published 30 Dec, 2016 09:20am

Featured Photos

Automotive Photography by Sarel van Staden - Merc AMG

Photo Credit : Sarel Van Staden%D%ASarel van Staden is an professional photographer based in Pretoria, South Africa.

Published 30 Dec, 2016 09:17am

Featured Photos

Automotive Photography by Sarel van Staden - BMW i8

Photo Credit : Sarel Van Staden%D%ASarel van Staden is an professional photographer based in Pretoria, South Africa.

Published 30 Dec, 2016 09:06am

Featured Photos

Automotive Photography by Sarel van Staden - Aston Martin

Photo Credit : Sarel Van Staden%D%ASarel van Staden is an professional photographer based in Pretoria, South Africa.

Published 30 Dec, 2016 09:03am

Cricket

My 'time has come,' Misbah hints at retirement

Pakistan Test cricket skipper has given indication that his time is up after his team suffered an embarrassing defeat against Australia at the Melbourne Cricket Ground (MCG) on Friday, giving the hosts an unassailable 2-0 with one more game to go.

Published 30 Dec, 2016 08:44am

Asia

China vows to open up economy as investment declines

SHANGHAI: Beijing has pledged to open up more economic sectors to foreign investment, an official statement said, as foreign chambers of commerce complain of a worsening business environment in the country.

Published 30 Dec, 2016 08:35am

Cricket

Australia beat Pakistan to win Test series

MELBOURNE: A rampant Australia beat Pakistan by an innings and 18 runs Friday in the second Test at Melbourne to take the series 2-0.

Published 30 Dec, 2016 08:35am

Arts

World's highest bridge opens in China

BEIJING: The world's highest bridge has opened to traffic in China, connecting two provinces in the mountainous southwest and reducing travel times by as much as three-quarters, local authorities said Friday.

Published 30 Dec, 2016 08:33am

Cricket

Starc stars in Australia's stunning last day win over Pakistan

MELBOURNE: Mitchell Starc spearheaded Australia to a stunning final day innings victory over Pakistan with a mercurial bat and ball performance to claim the series in Melbourne on Friday.

Published 30 Dec, 2016 08:30am

World Top News

Five dead, scores missing after India mine collapse

NEW DELHI: At least five workers were killed and scores more feared trapped on Friday after a massive mound of earth caved in at a coal mine in eastern India.

Published 30 Dec, 2016 08:27am

Sports

Tennis: Nadal targets three more years

ABU DHABI: Former world number one and 14-time Grand Slam title winner Rafael Nadal believes he can still be a contender at the majors for another three years despite another injury-hit season.

Published 30 Dec, 2016 08:14am

Financial

Tokyo down again as Asian markets end volatile year

HONG KONG: Tokyo retreated again Friday despite Toshiba's shares ending their three-day free fall as Asian markets prepared to bring the curtain down on a volatile 2016.

Published 30 Dec, 2016 08:10am

Financial

US stocks edge slightly lower as banks, tech retreat

NEW YORK: Shares of banks and some prominent technology companies fell Thursday as US stock markets finished slightly lower following another sleepy holiday session.

Published 30 Dec, 2016 08:08am

Front Top News

New CPEC projects give new dimension to Pak-China ties: Masood

KARACHI: Pakistan's Ambassador to China Masood Khalid has said that inclusion of new projects in China Pakistan Economic Corridor will give a new dimension to economic cooperation between Pakistan and China.

Published 30 Dec, 2016 07:51am

Financial

Tokyo's Nikkei ends down

TOKYO: Tokyo's benchmark stock index fell on Friday, on the final trading day of 2016, taking its downward lead from the US and a stronger yen.

Published 30 Dec, 2016 07:43am

North America

Pakistani Americans confident load-shedding will end in motherland

WASHINGTON: A large majority of Pakistanis living in the United States are confident that policies of the present government will help end the load-shedding in Pakistan by 2018, saying the country under the previous regime witnessed the worst level of cor

Published 30 Dec, 2016 07:42am

General News

Gilani condemns regime' repressive measures in IOK

ISLAMABAD: Chairman of All Parties Hurriyet Conference, Syed Ali Gilani while condemning the highhandedness of Indian police has said that oppressive measures are the main cause of growing human rights violations in the territory.

Published 30 Dec, 2016 07:37am

Life & Style

Anushka Sharma-Virat Kohli engagement rumours; Kohli breaks silence

Recently, the internet is abuzz with reports of Virat Kohli and Anushka Sharma getting engaged on January 1, 2017.

Published 30 Dec, 2016 07:28am

Technology

Final minute of 2016 to be a second longer

As the end of the of year draws near, so does the final countdown, however you will have to go over the 11:59:60 mark, owing to the addition of an extra leap second this year.%D%A%D%A

Published 30 Dec, 2016 07:26am

Front Top News

Ministry takes control of Ogra

ABDUL RASHEED AZAD%D%AISLAMABAD: The Ministry of Petroleum has officially taken administrative control of Oil & Gas Regulatory Authority (Ogra) and has requested the Prime Minister to reappoint Amir Naseem as Member Gas, who retired on December 22.

Published 30 Dec, 2016 06:44am

Australia rout Pakistan by innings and 18 runs at MCG, clinch series

%D%AMELBOURNE: Australia beat Pakistan by an innings and 18 runs in the second Melbourne Test to take the series 2-0 on Friday.

Published 30 Dec, 2016 06:39am

Currency

Most Asian currencies soar

Most Asian currencies inched higher on Thursday, getting some respite as US bond yields declined and the dollar lost a bit of steam. The South Korean won rose 0.4 percent, regaining some footing after hitting a 9-1/2 month low of 1,211.5 per dollar on Thu