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Archive - 2017-01-23
Pak, China complete development projects apace: Shehbaz
Front Top News

Pak, China complete development projects apace: Shehbaz

LAHORE: Chief Minister Punjab Muhammad Shehbaz Sharif on Monday said services of Chinese engineers, technicians and workers would be long remembered for speedy accomplishment of development projects in Pakistan.
Published 23 Jan, 2017 09:23pm
Build bridges not walls, Mexico tells Trump
Europe

Build bridges not walls, Mexico tells Trump

MEXICO CITY: Mexican President Enrique Pena Nieto Monday rejected US President Donald Trump's plans to build a wall between the countries, saying his nation "does not believe in walls, but in bridges.
Published 23 Jan, 2017 08:27pm
PML-N to win next general election: Minister
General News

PML-N to win next general election: Minister

MULTAN: Provincial Minister for Planning and Development, Housing, Urban Development and Public Health Engineering Punjab Malik Nadeem Kamran on Monday said Pakistan Muslim League-N would win next general election on the basis of performance.
Published 23 Jan, 2017 07:12pm
Eurozone unblocks debt relief for Greece
Europe

Eurozone unblocks debt relief for Greece

BRUSSELS: Eurozone finance ministers unblocked debt relief measures for Greece on Monday, ending a row with Germany over surprise Christmas handouts announced by the Athens government.
Published 23 Jan, 2017 06:26pm
EU defends Canada trade deal in face of Trump
Europe

EU defends Canada trade deal in face of Trump

BRUSSELS: The EU's top trade negotiator on Monday said a stalled free trade deal between Europe and Canada was more important than ever, given the rise of protectionism in the Donald Trump-led US.
Published 23 Jan, 2017 06:23pm
Dollar retreats as Trump takes over
Financial

Dollar retreats as Trump takes over

LONDON: The dollar retreated Monday, with warnings of wild volatility ahead, as Donald Trump began his presidency by attacking global trade deals and promising to put America first.
Published 23 Jan, 2017 06:22pm
Trump moves to withdraw from TPP trade pact
North America

Trump moves to withdraw from TPP trade pact

WASHINGTON: President Donald Trump moved Monday to pull the United States out of the Trans-Pacific Partnership, making good on a pledge to scrap a deal he denounced as a "job killer" and a "rape" of US interests.
Published 23 Jan, 2017 06:20pm
Netanyahu sees 'opportunities' with Trump but calls for restraint
World Top News

Netanyahu sees 'opportunities' with Trump but calls for restraint

JERUSALEM: Prime Minister Benjamin Netanyahu said Monday Donald Trump's presidency in the United States represented "significant opportunities" for Israel, but called for restraint from fellow right-wing politicians.
Published 23 Jan, 2017 04:50pm
Netanyahu sees 'opportunities' with Trump but calls for restraint
World Top News

Netanyahu sees 'opportunities' with Trump but calls for restraint

JERUSALEM: Prime Minister Benjamin Netanyahu said Monday Donald Trump's presidency in the United States represented "significant opportunities" for Israel, but called for restraint from fellow right-wing politicians.
Published 23 Jan, 2017 04:49pm
PTI, JI failed to provide proof in Panama case: Musadiq
Pakistan Top News

PTI, JI failed to provide proof in Panama case: Musadiq

ISLAMABAD: Spokesman to Prime Minister Dr Musadiq Malik on Monday said the lawyers of Pakistan Tehreek-i- Insaf (PTI) and Jamaat-e-Islami (JI) had failed to prove direct or indirect connection of the prime minister with the London apartments during three
Published 23 Jan, 2017 04:43pm
New survey in August, biometric payments from 2018: Marvi
Pakistan

New survey in August, biometric payments from 2018: Marvi

AWARAN: Chairperson, Benazir Income Support Programme (BISP) Marvi Memon Monday assured the people of Balochistan that through new survey in August and biometric payment system by 2018, poverty would be managed better in all districts of Pakistan especial
Published 23 Jan, 2017 04:16pm
Pakistan needs visionary leader like Nawaz Sharif: Marriyum
World Top News

Pakistan needs visionary leader like Nawaz Sharif: Marriyum

GUJRANWALA: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb on Monday said that the country needed a visionary leader like Nawaz Sharif, who had transformed Pakistan into a modern, developed state in three and a ha
Published 23 Jan, 2017 03:28pm
Sindh CM vows to free Karachi from mafias
Pakistan

Sindh CM vows to free Karachi from mafias

KARACHI: Sindh Chief Minister Syed Murad Ali Shah Monday said that he was working hard to make Karachi free from crime, encroachment and all kinds of mafias, so that people could lead a peaceful and prosperous life.
Published 23 Jan, 2017 03:22pm
Dollar retreats as Trump takes over
Financial

Dollar retreats as Trump takes over

LONDON: The dollar retreated against most peers Monday, with warnings of wild volatility ahead as Donald Trump began his presidency promising to put America first and attacking global trade deals.
Published 23 Jan, 2017 02:39pm
Warner wins Allan Border medal for second year
Cricket

Warner wins Allan Border medal for second year

SYDNEY: Australia's prolific opening batsman David Warner fought off a strong challenge from his captain Steve Smith to become just the fourth player to win back-to-back Allan Border Medals on Monday.
Published 23 Jan, 2017 02:37pm
EU warns Britain against pre-Brexit trade talks
Europe

EU warns Britain against pre-Brexit trade talks

BRUSSELS: Brussels warned Britain Monday that it must must refrain from any formal negotiations for bilateral trade deals with third countries until after its divorce from the EU.
Published 23 Jan, 2017 02:25pm
Trump to announce US withdrawal from TPP: media
North America

Trump to announce US withdrawal from TPP: media

WASHINGTON: US President Donald Trump will sign a decree Monday that effectively ends US participation in a sweeping trans-Pacific free trade agreement negotiated under former president Barack Obama, CNN reported.
Published 23 Jan, 2017 02:25pm
CDNS achieves Rs116 billion by January, 20
Top News

CDNS achieves Rs116 billion by January, 20

ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved Rs 116 billion savings till third week of third quarter of current fiscal year, from July 01 to January 20, 2016-17.
Published 23 Jan, 2017 02:09pm
Imran urged to show PTI's foreign funding money trail
Front Top News

Imran urged to show PTI's foreign funding money trail

ISLAMABAD: Minister for Defence Khawaja Muhammad Asif on Monday said that Pakistan Tehreek-i-insaf (PTI) Chief Imran Khan should stop misleading the nation and show money trail of his party foreign funding.
Published 23 Jan, 2017 12:11pm
Hollywood set for Oscars picks with no big surprises
Arts

Hollywood set for Oscars picks with no big surprises

%D%ALOS ANGELES: All eyes will be on Hollywood Tuesday as the list of nominees for this year's Oscars is unveiled with critical darlings "La La Land," "Moonlight" and "Manchester by the Sea" set to fare well.
Published 23 Jan, 2017 12:01pm
Monday Monochromes - Segmented Sense
Featured Photos

Monday Monochromes - Segmented Sense

Photo Credit: Brno Del Zou%Drno Del Zou is a talented 53-year-old artist, photographer, filmmaker and software developer based in Poitiers, France.
Published 23 Jan, 2017 11:25am
Monday Monochromes -  The Dormant Self
Featured Photos

Monday Monochromes - The Dormant Self

Photo Credit: Andre Varela%Dndr Varela is a talented conceptual and portrait photographer from Guimares, Portugal, who is currently based in London, UK.
Published 23 Jan, 2017 11:21am
Wenger apologises but could still face ban
Football

Wenger apologises but could still face ban

LONDON: Arsene Wenger apologised after he was sent off and then shoved the fourth official during Arsenal's dramatic 2-1 win over Burnley but could still face a significant ban.
Published 23 Jan, 2017 11:18am
Monday Monochromes - The Pascified
Featured Photos

Monday Monochromes - The Pascified

Photo Credit: Andre Varela%Dndr Varela is a talented conceptual and portrait photographer from Guimares, Portugal, who is currently based in London, UK.
Published 23 Jan, 2017 11:17am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Monday having 49896.
Published 23 Jan, 2017 11:13am
Monday Monochromes - Everyday Chaos
Featured Photos

Monday Monochromes - Everyday Chaos

Photo Credit: Christoffer Relander%Dhristoffer Relander is a talented 30-year-old photographer and artist, who was born and grew up on the countryside of Ekens, Finland.
Published 23 Jan, 2017 11:13am
Monday Monochromes - Wind Cries Mary
Featured Photos

Monday Monochromes - Wind Cries Mary

Photo Credit: Christoffer Relander%Dhristoffer Relander is a talented 30-year-old photographer and artist, who was born and grew up on the countryside of Ekens, Finland.
Published 23 Jan, 2017 11:11am
Monday Monorchromes - Keen Kenan
Featured Photos

Monday Monorchromes - Keen Kenan

Photo Credit: Christoffer Relander%Dhristoffer Relander is a talented 30-year-old photographer and artist, who was born and grew up on the countryside of Ekens, Finland.
Published 23 Jan, 2017 11:08am
Monday Monochromes - The Oracle
Featured Photos

Monday Monochromes - The Oracle

Photo Credit: Christoffer Relander%Dhristoffer Relander is a talented 30-year-old photographer and artist, who was born and grew up on the countryside of Ekens, Finland.
Published 23 Jan, 2017 11:06am
Monday Monochromes - Botched Juxtapostition
Featured Photos

Monday Monochromes - Botched Juxtapostition

Photo Credit: Christoffer Relander%Dhristoffer Relander is a talented 30-year-old photographer and artist, who was born and grew up on the countryside of Ekens, Finland.
Published 23 Jan, 2017 11:04am
India rest Ashwin, Jadeja for England T20s
Cricket

India rest Ashwin, Jadeja for England T20s

NEW DELHI: India's premier spinners Ravichandran Ashwin and Ravindra Jadeja have been rested for the three-match Twenty20 series against England starting this week.
Published 23 Jan, 2017 10:41am
Pliskova beats 'Dasha' to dash Aussie hopes
Sports

Pliskova beats 'Dasha' to dash Aussie hopes

MELBOURNE: Karolina Pliskova dashed home hopes when she thrashed Daria Gavrilova to move into an Australian Open quarter-final against comeback queen Mirjana Lucic-Baroni on Monday.
Published 23 Jan, 2017 10:32am
German paper tweets documents linking Maryam Nawaz to Panamagate
Front Top News

German paper tweets documents linking Maryam Nawaz to Panamagate

KARACHI: Sddeutsche Zeitung a German daily has made public as many as four documents claiming Pakistani Prime Minister Nawaz Sharifs daughter Maryam Nawaz to be the beneficial owner of offshore companies named in Panama Papers.
Published 23 Jan, 2017 10:28am
Shahzad makes history, hits two fifties in a day
Cricket

Shahzad makes history, hits two fifties in a day

It has been a fairytale ride for Afghanistan cricket team, after the country achieved a historic victory in Desert T20 2017 Challenge, beating Ireland by 10 wickets in the final to win the tournament.
Published 23 Jan, 2017 08:58am
Venezuela's Maduro names new central bank chief
World

Venezuela's Maduro names new central bank chief

CARACAS: Venezuelan President Nicolas Maduro named a lawmaker as the country's new central bank chief, after reportedly pushing out the former head as the country struggles through a deep economic crisis.
Published 23 Jan, 2017 08:58am
Defeating ISIS to be Trump administration's highest priority: White House
Front Top News

Defeating ISIS to be Trump administration's highest priority: White House

WASHINGTON: Defeating ISIS and other terror groups will be the highest priority, according to new pages about the action plans added to the White House web site that has been overhauled after Donald Trump was inaugurated as America's next president.
Published 23 Jan, 2017 08:57am
Sterling hits five-week high close to $1.25
Financial

Sterling hits five-week high close to $1.25

LONDON: Sterling was the biggest gainer among developed-market currencies on Monday, hitting a five-week high, as investors bet the Supreme Court would on Tuesday rule the British government needs parliamentary approval to trigger formal Brexit talks.
Published 23 Jan, 2017 08:41am
Panamagate Case: JI counsel continue arguments
Front Top News

Panamagate Case: JI counsel continue arguments

ISLAMABAD: The Supreme Court on Monday resumed hearing of Panamagate case, as Jamaat-e-Isamis (JIs) counsel Taufiq Asif is advancing arguments.
Published 23 Jan, 2017 07:44am
Pakistan, Thailand fail to reach deal on TRMs
Business & Economy

Pakistan, Thailand fail to reach deal on TRMs

MUSHTAQ GHUMMAN%D%AISLAMABAD: Pakistan and Thailand have reportedly failed to reach an agreement on Tariff Reduction Modalities (TRMs) for the proposed Free Trade Agreement (PATHFTA), well informed sources told Business Recorder.
Published 23 Jan, 2017 07:28am
Tokyo stocks fall after Trump speech
Financial

Tokyo stocks fall after Trump speech

TOKYO: Tokyo shares fell Monday with exporters hit by a stronger yen after Donald Trump kicked off his presidency saying he would put American business first, while Takata plunged on fears of a lengthy bankruptcy restructuring.
Published 23 Jan, 2017 07:26am
Afghanistan wants to ease tensions with Pakistan: Abdullah
Front Top News

Afghanistan wants to ease tensions with Pakistan: Abdullah

RECORDER REPORT%D%AKABUL: Afghanistan wants to limit tensions with Pakistan, Chief Executive Abdullah Abdullah has said, after ties between the two countries further strained over several issues including Kabul's blame game policy.
Published 23 Jan, 2017 07:20am
Protectionism is a 'bad idea'
Money & Banking

Protectionism is a 'bad idea'

PARIS: European Central Bank Executive Board member Benoit Coeure said on Monday that economic protectionism was a bad idea, as he commented on new US President Donald Trump, who has backed protectionist policies.
Published 23 Jan, 2017 07:18am
US lawyers to sue President Trump
Front Top News

US lawyers to sue President Trump

WASHINGTON: A Washington group of lawyers and researchers plans to file a federal lawsuit against Donald Trump Monday, alleging that the US president is violating a constitutional ban on accepting payments from foreign governments.
Published 23 Jan, 2017 07:08am
PSX: steel-ing the show
Miscellaneous

PSX: steel-ing the show

The third week of January was a volatile one for the investors at the Pakistan Stock Exchange with wild swings from the onset.
Published 23 Jan, 2017 07:05am
MPCL up in 1HFY17
Miscellaneous

MPCL up in 1HFY17

Mari Petroleum Company Limited (PSX: MPCL) has given a couple of good news recently; it is looking to diversify into power generation, planning a 400MW gas-fired plant in southern Punjab as per media reports.
Published 23 Jan, 2017 07:03am
Trump looks to steady ship after fraught start
North America

Trump looks to steady ship after fraught start

WASHINGTON: President Donald Trump gets down to work Monday, signing a slew of executive orders to start rolling out his policy agenda after a tumultuous first few days put his administration on the back foot.
Published 23 Jan, 2017 06:41am
Goffin wears down Thiem for Belgian first
Sports

Goffin wears down Thiem for Belgian first

MELBOURNE: David Goffin wore down Dominic Thiem in intense heat to become the first Belgian man to reach the quarter-finals of the Australian Open on Monday.
Published 23 Jan, 2017 06:36am
Cuba sends maritime delegation to US

Cuba sends maritime delegation to US

A delegation of port and maritime officials from Cuba has arrived in the United States for talks on "business opportunities and foreign investment," the Granma official newspaper said on Sunday. In its online edition, the communist party daily wrote that
Published 23 Jan, 2017 12:00am
7.9 quake shakes PNG, tsunami alert rescinded

7.9 quake shakes PNG, tsunami alert rescinded

A powerful 7.9-magnitude earthquake struck Papua New Guinea Sunday, shaking homes and sparking a tsunami alert, but there were no immediate reports of casualties or major damage. The tsunami warning for the Pacific island nation and its neighbours was lat
Published 23 Jan, 2017 12:00am
'Catastrophe' declared as wildfires rage in central Chile

'Catastrophe' declared as wildfires rage in central Chile

Authorities declared a state of catastrophe in central Chile as crews Saturday fought vast forest fires described as the worst in decades. More than 450 square kilometers (175 square miles) were ablaze in the O'Higgins region - an area roughly the size of
Published 23 Jan, 2017 12:00am
Rise in FDI

Rise in FDI

After a plunge upto November during the current fiscal, Foreign Direct Investment (FDI) in the country has recovered to more than neutralise for the earlier fall during December, 2016 to register an increase of 10 percent to cross the dollar one billion m
Published 23 Jan, 2017 12:00am
India's CPEC problem

India's CPEC problem

In his wide-ranging speech at the inaugural session of Raisina Dialogue - a geopolitical conference hosted by India- turning to relations with China, Prime Minister Narendra Modi made an oblique reference to China-Pakistan Economic Corridor (CPEC), sayin
Published 23 Jan, 2017 12:00am
PM at Davos

PM at Davos

Prime Minister Nawaz Sharif attended the Davos moot, the World Economic Forum, again this year. And not surprisingly one of the speakers at the Forum, Mark Pieth, Swiss anti-corruption expert who resigned from the seven-member Panama Papers Probe together
Published 23 Jan, 2017 12:00am
Crumbling lira pressures Turkish retailers as economy slows
Currency

Crumbling lira pressures Turkish retailers as economy slows

Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. A few days ago he cancelled nine of them after sharp falls in the lira meant he would struggle to afford the rents.
Published 23 Jan, 2017 12:00am
Role of local tractor industry
Cotton

Role of local tractor industry

Agriculture is the back bone of Pakistan's economy as it contributes 19.2 percent to GDP, employs 42 percent of the country's labour force, provides food security and raw material to various industries. The growth in agriculture sector not only stimulate
Published 23 Jan, 2017 12:00am
Jehangir Park's place in Karachi's cricket history - II

Jehangir Park's place in Karachi's cricket history - II

Competitive cricket matches were held regularly on Sundays and other holidays. It was on this coir-matting and the sandy outfield that pre-Partition cricketers of high pedigree like J. Naoomal, Ghulam Muhammad, Abdul Aziz, Daud Khan, Abbas Khan, Kishan Ch
Published 23 Jan, 2017 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 16 to 20, 2017).

Published 23 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Sunday (January 22, 2017) and the forecast for Monday (January 23, 2017).

Published 23 Jan, 2017 12:00am
THE RUPEE: fresh gains posted
Currency

THE RUPEE: fresh gains posted

The rupee managed to gain sharply against the dollar on the currency market during the week, ended on January 21, 2017. In the open market, the rupee managed to recover 80 paisas in terms of the dollar for buying and selling at Rs 107.60 and Rs 107.80.
Published 23 Jan, 2017 12:00am
THE RUPEE: fresh gains posted
Currency

THE RUPEE: fresh gains posted

The rupee managed to gain sharply against the dollar on the currency market during the week, ended on January 21, 2017. In the open market, the rupee managed to recover 80 paisas in terms of the dollar for buying and selling at Rs 107.60 and Rs 107.80.
Published 23 Jan, 2017 12:00am
Special Security Division for CPEC notified

Special Security Division for CPEC notified

A special division for the security of the China-Pakistan Economic Corridor (CPEC) has been established and notified by the Interior Ministry. The security division, assigned with the duty of protecting projects under the CPEC and the Chinese workers, wil
Published 23 Jan, 2017 12:00am
Special Security Division for CPEC notified

Special Security Division for CPEC notified

A special division for the security of the China-Pakistan Economic Corridor (CPEC) has been established and notified by the Interior Ministry. The security division, assigned with the duty of protecting projects under the CPEC and the Chinese workers, wil
Published 23 Jan, 2017 12:00am
Special Security Division for CPEC notified

Special Security Division for CPEC notified

A special division for the security of the China-Pakistan Economic Corridor (CPEC) has been established and notified by the Interior Ministry. The security division, assigned with the duty of protecting projects under the CPEC and the Chinese workers, wil
Published 23 Jan, 2017 12:00am
APS to be constructed in Parachinar: Bajwa

APS to be constructed in Parachinar: Bajwa

Chief of the Army Staff (COAS), General Qamar Javed Bajwa on Sunday visited Parachinar of Kurram Agency to inquire about health of the injured of bomb blast that claimed 25 lives and left many wounded. The army chief visited the hospital where he met and
Published 23 Jan, 2017 12:00am
APS to be constructed in Parachinar: Bajwa

APS to be constructed in Parachinar: Bajwa

Chief of the Army Staff (COAS), General Qamar Javed Bajwa on Sunday visited Parachinar of Kurram Agency to inquire about health of the injured of bomb blast that claimed 25 lives and left many wounded. The army chief visited the hospital where he met and
Published 23 Jan, 2017 12:00am
Infrastructure development: Dar for exploring new ways of financing

Infrastructure development: Dar for exploring new ways of financing

Federal Finance Minister, Ishaq Dar chaired a meeting to review the financing of infrastructure projects in the country in Islamabad on Sunday. Finance Secretary briefed the Minister on the status of financing of major infrastructure projects in the count
Published 23 Jan, 2017 12:00am
Infrastructure development: Dar for exploring new ways of financing

Infrastructure development: Dar for exploring new ways of financing

Federal Finance Minister, Ishaq Dar chaired a meeting to review the financing of infrastructure projects in the country in Islamabad on Sunday. Finance Secretary briefed the Minister on the status of financing of major infrastructure projects in the count
Published 23 Jan, 2017 12:00am
Infrastructure development: Dar for exploring new ways of financing

Infrastructure development: Dar for exploring new ways of financing

Federal Finance Minister, Ishaq Dar chaired a meeting to review the financing of infrastructure projects in the country in Islamabad on Sunday. Finance Secretary briefed the Minister on the status of financing of major infrastructure projects in the count
Published 23 Jan, 2017 12:00am
Pakistan, Thailand fail to reach deal on TRMs

Pakistan, Thailand fail to reach deal on TRMs

Pakistan and Thailand have reportedly failed to reach an agreement on Tariff Reduction Modalities (TRMs) for the proposed Free Trade Agreement (PATHFTA), well informed sources told Business Recorder. Technical teams of both countries held threadbar
Published 23 Jan, 2017 12:00am
Pakistan, Thailand fail to reach deal on TRMs

Pakistan, Thailand fail to reach deal on TRMs

Pakistan and Thailand have reportedly failed to reach an agreement on Tariff Reduction Modalities (TRMs) for the proposed Free Trade Agreement (PATHFTA), well informed sources told Business Recorder. Technical teams of both countries held threadbar
Published 23 Jan, 2017 12:00am
Pakistan, Thailand fail to reach deal on TRMs

Pakistan, Thailand fail to reach deal on TRMs

Pakistan and Thailand have reportedly failed to reach an agreement on Tariff Reduction Modalities (TRMs) for the proposed Free Trade Agreement (PATHFTA), well informed sources told Business Recorder. Technical teams of both countries held threadbar
Published 23 Jan, 2017 12:00am
Bulls retake charge

Bulls retake charge

Pakistan Stock Exchange (PSX) witnessed positive trend during the outgoing week and the benchmark KSE-100 index increased by 154.33 points to close at 49,364.83 level.
Published 23 Jan, 2017 12:00am
Bulls retake charge

Bulls retake charge

Pakistan Stock Exchange (PSX) witnessed positive trend during the outgoing week and the benchmark KSE-100 index increased by 154.33 points to close at 49,364.83 level.
Published 23 Jan, 2017 12:00am
Bulls retake charge

Bulls retake charge

Pakistan Stock Exchange (PSX) witnessed positive trend during the outgoing week and the benchmark KSE-100 index increased by 154.33 points to close at 49,364.83 level.
Published 23 Jan, 2017 12:00am
Futures spread down by 200 basis points

Futures spread down by 200 basis points

The futures spread decreased by 200bps to 6.98 percent during the outgoing week ended on January 20, 2017. Trading activities on the futures counter also reduced as average daily trading volumes decreased by 1.2 percent to 52.91 million shares.
Published 23 Jan, 2017 12:00am
Futures spread down by 200 basis points

Futures spread down by 200 basis points

The futures spread decreased by 200bps to 6.98 percent during the outgoing week ended on January 20, 2017. Trading activities on the futures counter also reduced as average daily trading volumes decreased by 1.2 percent to 52.91 million shares.
Published 23 Jan, 2017 12:00am
Futures spread down by 200 basis points

Futures spread down by 200 basis points

The futures spread decreased by 200bps to 6.98 percent during the outgoing week ended on January 20, 2017. Trading activities on the futures counter also reduced as average daily trading volumes decreased by 1.2 percent to 52.91 million shares.
Published 23 Jan, 2017 12:00am
Futures spread down by 200 basis points

Futures spread down by 200 basis points

The futures spread decreased by 200bps to 6.98 percent during the outgoing week ended on January 20, 2017. Trading activities on the futures counter also reduced as average daily trading volumes decreased by 1.2 percent to 52.91 million shares.
Published 23 Jan, 2017 12:00am
Trump launches presidency with attacks on media, marchers

Trump launches presidency with attacks on media, marchers

Barely arrived in the White House, President Donald Trump has touched off a stormy debate over the extent of his popular support, even before moving Monday to take his first concrete actions in office.
Published 23 Jan, 2017 12:00am
Trump launches presidency with attacks on media, marchers

Trump launches presidency with attacks on media, marchers

Barely arrived in the White House, President Donald Trump has touched off a stormy debate over the extent of his popular support, even before moving Monday to take his first concrete actions in office.
Published 23 Jan, 2017 12:00am
Singapore 2G switchoff highlights digital divide

Singapore 2G switchoff highlights digital divide

When Singapore pulls the plug on its 2G mobile phone network this year, thousands of people could be stuck without a signal - digital have-nots left behind by the relentless march of technology.
Published 23 Jan, 2017 12:00am
Panama Leaks: Baloch urges Supreme Court to frame solid ToRs

Panama Leaks: Baloch urges Supreme Court to frame solid ToRs

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has urged the Supreme Court to frame solid ToRs in connection with the Panama leaks, Dubai Leaks besides the written off loans and go for a thorough investigation into money laundering and transfer of the
Published 23 Jan, 2017 12:00am
'All trade from China should be made through banks'

'All trade from China should be made through banks'

Punjab Minister for Industries, Commerce and Investment (IC&I) Sheikh Alauddin said that Punjab government was taking solid steps to strengthen its industry and the trade sector by giving top priority to solve its core issues.
Published 23 Jan, 2017 12:00am
Taliban warn Trump over Afghanistan

Taliban warn Trump over Afghanistan

The Taliban has warned President Donald Trump to reverse US policy on Afghanistan or face a "historically shameful defeat", a US-based monitoring group reported Sunday. An article, which the SITE Intelligence Group said appeared on the Taliban's website a
Published 23 Jan, 2017 12:00am
Taliban warn Trump over Afghanistan

Taliban warn Trump over Afghanistan

The Taliban has warned President Donald Trump to reverse US policy on Afghanistan or face a "historically shameful defeat", a US-based monitoring group reported Sunday. An article, which the SITE Intelligence Group said appeared on the Taliban's website a
Published 23 Jan, 2017 12:00am
British-Iranian aid worker's five-year jail term upheld in Iran

British-Iranian aid worker's five-year jail term upheld in Iran

An Iranian appeals court has confirmed a five-year jail sentence for British-Iranian aid worker Nazanin Zaghari-Ratcliffe on security charges, Iran's judiciary spokesman said on Sunday. Zaghari-Ratcliffe's family said in September that a Revolutionary Cou
Published 23 Jan, 2017 12:00am
Afghanistan wants to ease tensions with Pakistan: Abdullah

Afghanistan wants to ease tensions with Pakistan: Abdullah

Afghanistan wants to limit tensions with Pakistan, Chief Executive Abdullah Abdullah has said, after ties between the two countries further strained over several issues including Kabul's blame game policy. Abdullah made the remarks during a meeting in his
Published 23 Jan, 2017 12:00am
Afghanistan wants to ease tensions with Pakistan: Abdullah

Afghanistan wants to ease tensions with Pakistan: Abdullah

Afghanistan wants to limit tensions with Pakistan, Chief Executive Abdullah Abdullah has said, after ties between the two countries further strained over several issues including Kabul's blame game policy. Abdullah made the remarks during a meeting in his
Published 23 Jan, 2017 12:00am
UK Prime Minister May promises frank talk with Trump after women protest

UK Prime Minister May promises frank talk with Trump after women protest

Prime Minister Theresa May promised on Sunday to challenge any "unacceptable" talk when she meets President Donald Trump later this week, as she tries to secure Britain's "special relationship" with the new U.S. administration. May, Britain's second femal
Published 23 Jan, 2017 12:00am
UK Prime Minister May promises frank talk with Trump after women protest

UK Prime Minister May promises frank talk with Trump after women protest

Prime Minister Theresa May promised on Sunday to challenge any "unacceptable" talk when she meets President Donald Trump later this week, as she tries to secure Britain's "special relationship" with the new U.S. administration. May, Britain's second femal
Published 23 Jan, 2017 12:00am
Dubai toughens fire rules after tower blazes

Dubai toughens fire rules after tower blazes

Dubai on Sunday announced tougher fire rules in a bid to minimise risks after several spectacular blazes that have ripped through skyscrapers in the modern Gulf emirate. Major fires have hit Dubai high-rises in recent years and spread quickly, mostly due
Published 23 Jan, 2017 12:00am
Dubai toughens fire rules after tower blazes

Dubai toughens fire rules after tower blazes

Dubai on Sunday announced tougher fire rules in a bid to minimise risks after several spectacular blazes that have ripped through skyscrapers in the modern Gulf emirate. Major fires have hit Dubai high-rises in recent years and spread quickly, mostly due
Published 23 Jan, 2017 12:00am
At least 39 killed as Indian train derails

At least 39 killed as Indian train derails

At least 39 people were killed and 50 injured on Saturday night when nine coaches of a passenger train derailed in eastern India in the latest disaster to hit the vast and accident-prone state railways, police said. The Hirakhand express train from Jagdal
Published 23 Jan, 2017 12:00am
At least 39 killed as Indian train derails

At least 39 killed as Indian train derails

At least 39 people were killed and 50 injured on Saturday night when nine coaches of a passenger train derailed in eastern India in the latest disaster to hit the vast and accident-prone state railways, police said. The Hirakhand express train from Jagdal
Published 23 Jan, 2017 12:00am
Taiwan's Foxconn chief confirms mulling $7 billion US investment

Taiwan's Foxconn chief confirms mulling $7 billion US investment

The head of Taiwan's tech giant Foxconn confirmed Sunday he is considering a $7 billion investment to make flat panels in the United States in a joint project with Japan's SoftBank. US President Donald Trump had announced before taking office a $50 billio
Published 23 Jan, 2017 12:00am
Taiwan's Foxconn chief confirms mulling $7 billion US investment

Taiwan's Foxconn chief confirms mulling $7 billion US investment

The head of Taiwan's tech giant Foxconn confirmed Sunday he is considering a $7 billion investment to make flat panels in the United States in a joint project with Japan's SoftBank. US President Donald Trump had announced before taking office a $50 billio
Published 23 Jan, 2017 12:00am
Taiwan''s Foxconn chief confirms mulling $7 billion US investment

Taiwan''s Foxconn chief confirms mulling $7 billion US investment

The head of Taiwan''s tech giant Foxconn confirmed Sunday he is considering a $7 billion investment to make flat panels in the United States in a joint project with Japan''s SoftBank. US President Donald Trump had announced before taking office a $50 bill
Published 23 Jan, 2017 12:00am
Maduro sacks head of Venezuela's Central Bank

Maduro sacks head of Venezuela's Central Bank

President Nicolas Maduro on Sunday announced the firing of Venezuela's Central Bank chief, amid a deep economic crisis worsened by the recent bungled release of bigger denomination banknotes.
Published 23 Jan, 2017 12:00am
Maduro sacks head of Venezuela's Central Bank

Maduro sacks head of Venezuela's Central Bank

President Nicolas Maduro on Sunday announced the firing of Venezuela's Central Bank chief, amid a deep economic crisis worsened by the recent bungled release of bigger denomination banknotes.
Published 23 Jan, 2017 12:00am
Maduro sacks head of Venezuela''s Central Bank

Maduro sacks head of Venezuela''s Central Bank

President Nicolas Maduro on Sunday announced the firing of Venezuela''s Central Bank chief, amid a deep economic crisis worsened by the recent bungled release of bigger denomination banknotes.
Published 23 Jan, 2017 12:00am
Couple, child suffocate to death

Couple, child suffocate to death

Three including husband, wife and a minor child died of suffocation due to leakage of gas here Saturday-Sunday night. Rescue sources said that a family slept on night turning on the gas heater to save them of chilly weather in Bansra Gali area of tehsil M
Published 23 Jan, 2017 12:00am
Alleged dacoit killed in encounter

Alleged dacoit killed in encounter

An alleged dacoit was killed and three others injured in separate incidents while police claimed to have arrested three accused in an encounter here on Sunday. According to police, a dacoit who was busy in looting citizens near Fine Bakery located in Nort
Published 23 Jan, 2017 12:00am
Chief minister condoles deaths

Chief minister condoles deaths

Punjab Chief Minister Muhammad Shahbaz Sharif has expressed deep sense of sorrow and grief over the loss of precious human lives due to train and car collision on railway line near Toba Tek Singh.
Published 23 Jan, 2017 12:00am
Large number of people throng AL&FD

Large number of people throng AL&FD

A large number of citizens, families and children throng the exhibition arranged by Agriculture, Livestock & Fisheries Department (AL&FD) here on Sunday to enjoy the unique cattle parade, horse and camel dance, birds show and unique entertainment of flowe
Published 23 Jan, 2017 12:00am
Fast-track progress in country is problem for opponents: Shahbaz

Fast-track progress in country is problem for opponents: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that fast track progress and development in the country is a problem for political opponents. On one hand there are former rulers with lack of vision who worsened the country's economy whereas on the
Published 23 Jan, 2017 12:00am
Women deserve encouragement: Chandio

Women deserve encouragement: Chandio

Adviser to CM Sindh for information, Moula Bux Chandio has said that women of Pakistan are highly talented and objectives of progress and development of the country could not be achieved without utilising the capabilities of women.
Published 23 Jan, 2017 12:00am
Waseem to approach court against Sindh government

Waseem to approach court against Sindh government

The matter of decentralisation of powers has caused issues between Karachi Mayor Waseem Akhtar and Pakistan Peoples Party (PPP) led Sindh government. According to sources, Waseem Akhtar has decided to knock the court's door after the lack of co-operation
Published 23 Jan, 2017 12:00am
Sindh government promoting awareness about census: Murad

Sindh government promoting awareness about census: Murad

The Chief Minister Sindh, Syed Murad Ali Shah, has said that Sindh Government was creating awareness in the province regarding upcoming census in the country. Talking to the media during visits to different villages in Jamshoro district on Sunday, Shah to
Published 23 Jan, 2017 12:00am
VC inaugurates day-care centre at UAF

VC inaugurates day-care centre at UAF

The University of Agriculture Faisalabad has set up a new state-of-the-art building for Day Care Centre in order to provide the latest facility to the citizens. The building was inaugurated by UAF Vice Chancellor Professor Dr Iqrar Ahmad Khan who was flan
Published 23 Jan, 2017 12:00am
UNIDO's Cleantech to help face challenges of energy and environment

UNIDO's Cleantech to help face challenges of energy and environment

The UNIDO has introduced the Global Cleantech Innovation Programme (GCIP) for Pakistan with the collaboration of Global Environment Facility (GEF) for small and medium-sized enterprises leverages the power of entrepreneurship to address challenging energy
Published 23 Jan, 2017 12:00am
Dastagir to visit Brussels
Cotton

Dastagir to visit Brussels

Federal Minister for Commerce Khurram Dastgir Khan will visit Brussels from January 22 on 4-day official visit. He will hold meetings with senior officials of European Commission and members of European Parliament and will chair conference of trade office
Published 23 Jan, 2017 12:00am
Mix trend witnesses in prices of essential items

Mix trend witnesses in prices of essential items

A mix trend in prices of essential food commodities, including pulses, vegetable, sugar, chicken, eggs, was witnessed as rates of some items decreased while other increased slightly in retail market, according to survey conducted by Business Recorder <
Published 23 Jan, 2017 12:00am
Meelad-e-Mustafa & Haq Bahoo conference held

Meelad-e-Mustafa & Haq Bahoo conference held

Islahee Jamaat & Aalmi Tanzeemul Arifeen of shrine Hazrat Sultan Bahoo (RA) organises Annual Meelad-e-Mustafa & Haq Bahoo conference at Jinnah Convention Centre Islamabad.
Published 23 Jan, 2017 12:00am
Plea for knowledge-based education for special children

Plea for knowledge-based education for special children

Chairman, Mehboob Medical Institute and Habib Physiotherapy Complex Hayatabad Dr Mehboob Ur Rehman here on Sunday said that the special children make up 15 percent of the total population of the country and ignoring them in providing knowledge based educa
Published 23 Jan, 2017 12:00am
81 suspects apprehended in Balochistan: ISPR

81 suspects apprehended in Balochistan: ISPR

FC Balochistan along with other LEAs apprehended 81 suspects and recovered huge cache of arms and ammunition during last week foiling terrorist actions. Alongside, 32 Area Dominating operations were also carried out in Quetta city in collaboration with yo
Published 23 Jan, 2017 12:00am
KP ESED sanctions, functionalises over 1,700 schools

KP ESED sanctions, functionalises over 1,700 schools

The Elementary and Secondary Education Department (ESED) Khyber Pakhtunkhwa has sanctioned and functionalized more than 1,700 schools of different categories in the province during last 3 years.
Published 23 Jan, 2017 12:00am
Speculation sub judice on Panamagate case's outcome, two top lawyers say

Speculation sub judice on Panamagate case's outcome, two top lawyers say

It is sub judice to speculate on the possible outcome of the ongoing hearings in Panama Papers leaks case in the apex court, two senior lawyers told the Business Recorder, here. After 13 hearings, the one overriding and constantly reiterated observation b
Published 23 Jan, 2017 12:00am
Who will be the next governor of Sindh?

Who will be the next governor of Sindh?

The federal government has started deliberations for appointment of new governor Sindh after the death of former Justice Saeeduz Zaman Siddiqui, who remained in the office for barely two months. Siddiqui, 79, passed away due to respiratory problems and ch
Published 23 Jan, 2017 12:00am
'Facility to test stents quality not available'

'Facility to test stents quality not available'

Sources at Federal Investigation Agency (FIA) revealed on Sunday that Punjab Drug Testing Laboratory was asked to reply over the matter of sale of sub-standard stents. It has also been reported that the laboratory officials were asked to provide details a
Published 23 Jan, 2017 12:00am
Israel OKs more settler homes ahead of Trump talks

Israel OKs more settler homes ahead of Trump talks

Israel approved hundreds of new settler homes in east Jerusalem Sunday, hours before Prime Minister Benjamin Netanyahu was to speak to US President Donald Trump for the first time since his inauguration. But a potentially explosive plan to annex a large W
Published 23 Jan, 2017 12:00am
Hungary in mourning after horror coach crash

Hungary in mourning after horror coach crash

Hungary was on Sunday mourning 16 people killed when a coach carrying Hungarian teenagers home from a skiing trip crashed in northern Italy. The mass of flowers, candles and messages for the victims of Friday's tragedy continued to grow outside the childr
Published 23 Jan, 2017 12:00am
Two killed in Indian bull-wrestling festival

Two killed in Indian bull-wrestling festival

Two people were gored to death Sunday in a bull-wrestling festival in southern India, a report said, a day after a ban on the controversial sport was overturned. Several towns and villages in the southern state of Tamil Nadu celebrated the popular Jallika
Published 23 Jan, 2017 12:00am
Iraq forces take two more areas in east Mosul

Iraq forces take two more areas in east Mosul

Iraqi forces on Sunday retook two areas from the Islamic State group in Mosul, sealing their control of the east bank three months into an offensive to reclaim the city. They recaptured "Al-Milayeen neighbourhood and Al-Binaa al-Jahiz area and raised the
Published 23 Jan, 2017 12:00am
Divided French Socialists vote for presidential candidate

Divided French Socialists vote for presidential candidate

France's fractured Socialists were voting on Sunday to choose a presidential candidate with the party in danger of being reduced to also-rans as Europe shifts to the right. The two-round primary is viewed as a crucial test of the Socialists' ability to re
Published 23 Jan, 2017 12:00am
11 killed in powerful US storms

11 killed in powerful US storms

At least 11 people have been killed after powerful weekend storms tore through the south-eastern US state of Georgia, media reported on Sunday. A rural part of south-central Georgia was hardest hit, including a trailer park where seven people were killed,
Published 23 Jan, 2017 12:00am
Daylong spasm of violence leaves 27 dead in Brazil

Daylong spasm of violence leaves 27 dead in Brazil

A wave of violence has left 27 people dead in the Brazilian state of Para, a bloodletting authorities say might have been provoked by the murder of a police officer. The killings took place over a daylong stretch from Friday into Saturday, and included wh
Published 23 Jan, 2017 12:00am
Thousands hit Paris streets against abortion

Thousands hit Paris streets against abortion

Tens of thousands of protesters took to the streets of Paris on Sunday against abortion and a bill to ban pro-life websites from spreading "false information" on ending pregnancies. The demonstration comes just months before France elects a new president,
Published 23 Jan, 2017 12:00am
Turkey pounces despite FX risks

Turkey pounces despite FX risks

Turkey has taken some in the market by surprise after announcing a US dollar 10-year benchmark. The country has been engulfed by a series of negative economic and political headlines, which had seen the lira hit a series of record lows against the US doll
Published 23 Jan, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.95-78.95 (previous 78.95-78.95).
Published 23 Jan, 2017 12:00am
ECB prints money at record pace amid bank bonds bonanza

ECB prints money at record pace amid bank bonds bonanza

The European Central Bank bought a record-breaking 24.7 billion euros ($26.18 billion) worth of debt, recently, taking advantage of a bumper supply of bank bonds to boost its economic stimulus programme.
Published 23 Jan, 2017 12:00am
ECB prints money at record pace amid bank bonds bonanza

ECB prints money at record pace amid bank bonds bonanza

The European Central Bank bought a record-breaking 24.7 billion euros ($26.18 billion) worth of debt, recently, taking advantage of a bumper supply of bank bonds to boost its economic stimulus programme.
Published 23 Jan, 2017 12:00am
Capital curbs push Chinese firms to risky, costly dollar bonds
Currency

Capital curbs push Chinese firms to risky, costly dollar bonds

China's efforts to support its currency and cool its hot property market are encouraging more Chinese companies, including many state firms, to take on extra cost and risk by raising foreign-currency bonds in Hong Kong and other offshore locations.
Published 23 Jan, 2017 12:00am
Capital curbs push Chinese firms to risky, costly dollar bonds
Currency

Capital curbs push Chinese firms to risky, costly dollar bonds

China's efforts to support its currency and cool its hot property market are encouraging more Chinese companies, including many state firms, to take on extra cost and risk by raising foreign-currency bonds in Hong Kong and other offshore locations.
Published 23 Jan, 2017 12:00am
Petrobras closes $4 billion bond issuance

Petrobras closes $4 billion bond issuance

Brazil's state-controlled oil company Petrobras on Tuesday closed a $4 billion issuance of 5 and 10-year notes in international markets as part of the debt-laden company's efforts to term out upcoming maturities, it said in a statement.
Published 23 Jan, 2017 12:00am
Petrobras closes $4 billion bond issuance

Petrobras closes $4 billion bond issuance

Brazil's state-controlled oil company Petrobras on Tuesday closed a $4 billion issuance of 5 and 10-year notes in international markets as part of the debt-laden company's efforts to term out upcoming maturities, it said in a statement.
Published 23 Jan, 2017 12:00am
Ministers laud strong start to OPEC, non-OPEC oil output cuts

Ministers laud strong start to OPEC, non-OPEC oil output cuts

OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices.
Published 23 Jan, 2017 12:00am
Schaeuble tells Britain to look to Swiss for Brexit ideas

Schaeuble tells Britain to look to Swiss for Brexit ideas

German Finance Minister Wolfgang Schaeuble said Britain should take a leaf out of Switzerland's book on how to handle relations with the European Union, according to Swiss newspaper Neue Zuercher Zeitung (NZZ) on Sunday.
Published 23 Jan, 2017 12:00am
China's property, financial sectors' growth slower in fourth quarter

China's property, financial sectors' growth slower in fourth quarter

Growth in China's real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contributed to better-than-expected GDP growth in the quarter, National Bureau of Statistics (NBS) data showed on
Published 23 Jan, 2017 12:00am
Saudi Arabia says no to fees on foreign workers' remittances

Saudi Arabia says no to fees on foreign workers' remittances

The Saudi finance ministry said on Sunday there would be no fees applied on remittances out of the country, days after the kingdom's advisory Shura Council said it was looking at a proposal to impose a 6 percent levy on expatriate remittances.
Published 23 Jan, 2017 12:00am
UK high street retailers race to keep up with online demand

UK high street retailers race to keep up with online demand

British fashion retailers will switch their spending firepower to technology from the high street in 2017 after online shopping became the key driver of sales growth over the all-important festive period.
Published 23 Jan, 2017 12:00am
Saudi Electricity Company staff accused in corruption case

Saudi Electricity Company staff accused in corruption case

Saudi Arabia's anti-corruption body has accused executives and employees of Saudi Electricity Company (SEC) of misusing public funds, it said in a statement on Sunday referring the case for prosecution.
Published 23 Jan, 2017 12:00am
Australia seal ODI series win over Pakistan

Australia seal ODI series win over Pakistan

David Warner's 12th one-day international hundred and brisk fifties from Glenn Maxwell and Travis Head set up Australia for an 86-run win over Pakistan in the fourth match on Sunday as the hosts secured an unassailable 3-1 lead in the series. The diminuti
Published 23 Jan, 2017 12:00am
Laiba Ijaz wins KP Inter-District Squash League

Laiba Ijaz wins KP Inter-District Squash League

Laiba Ijaz clinched the trophy of the Khyber Pakhtunkhwa Inter-District Girls Squash League-2017 which concluded here at Jansher Khan Squash Complex. Director Youth Khyber Pakhtunkhwa Aziz Ullah Khan was the chief guest on this occasion. Executive Member
Published 23 Jan, 2017 12:00am
Hirscher wins World Cup slalom

Hirscher wins World Cup slalom

Austrian Marcel Hirscher produced a startling second run to win the men's World Cup slalom on Sunday in Kitzbuehel and consolidate his lead of the overall standings. Chasing a sixth consecutive crystal globe, Hirscher clocked a combined time of 1min 45.23
Published 23 Jan, 2017 12:00am
Injured Mathews wins it for Sri Lanka

Injured Mathews wins it for Sri Lanka

Injured captain Angelo Mathews hit two sixes in the last over to hand Sri Lanka a series-levelling three-wicket win in the second Twenty20 international against South Africa on Sunday.
Published 23 Jan, 2017 12:00am
England beat India by five runs

England beat India by five runs

England all-rounder Ben Stokes put in a dominant performance with the bat and ball to help England pull off a five-run consolation win against India in the third one-day international in Kolkata on Sunday. Chasing 322 for victory, the Virat Kohli-led Indi
Published 23 Jan, 2017 12:00am
Australia 1987 World Cup heroes awarded medals

Australia 1987 World Cup heroes awarded medals

The first Australia squad to win the World Cup in 1987 were presented with medals during the innings break at the fourth one-day international against Pakistan in Sydney on Sunday. The side, captained by Allan Border and coached by Bob Simpson, beat Engla
Published 23 Jan, 2017 12:00am
Boon, Hayden inducted into Australia Hall of Fame

Boon, Hayden inducted into Australia Hall of Fame

Test greats David Boon, Matthew Hayden and the late Betty Wilson will be inducted into the Australian Cricket Hall of Fame this week, Cricket Australia said on Sunday. Top-order batsmen Boon and Hayden were key figures who played more than 100 Tests for A
Published 23 Jan, 2017 12:00am
Gyan takes Ghana through as Uganda dumped out

Gyan takes Ghana through as Uganda dumped out

Asamoah Gyan headed Ghana into the quarter-finals of the Africa Cup of Nations on Saturday while Uganda were condemned to an early exit after an agonising defeat to Egypt in Port-Gentil.
Published 23 Jan, 2017 12:00am
Top-ranked Murray, Kerber crash in day of upsets

Top-ranked Murray, Kerber crash in day of upsets

World number ones Andy Murray and Angelique Kerber both crashed out of the Australian Open on a day of major upsets Sunday, as Roger Federer fought his way closer to an 18th Grand Slam title.
Published 23 Jan, 2017 12:00am
Bangladesh player arrested over photos of girlfriend

Bangladesh player arrested over photos of girlfriend

Bangladesh police Sunday arrested national cricketer Arafat Sunny for allegedly breaching strict internet laws after his girlfriend accused him of uploading sensitive photos on social media. Police raided the home of the 30-year-old slow left-arm bowler i
Published 23 Jan, 2017 12:00am
Rallying: Ogier grabs Monte Carlo win on Ford debut

Rallying: Ogier grabs Monte Carlo win on Ford debut

World champion Sebastien Ogier launched his bid for a fifth consecutive title by winning the season-opening Monte Carlo Rally in the snow on Sunday for his first victory since joining Ford. The Frenchman, who moved to Ford after Volkswagen announced their
Published 23 Jan, 2017 12:00am
Muguruza runs hot to Open quarters

Muguruza runs hot to Open quarters

Red-hot Spaniard Garbine Muguruza blasted into her first Australian Open quarter-final on Sunday with a resounding straight-sets thumping of Sorana Cirstea. The French Open champion was too much for the Romanian, winning 6-2, 6-3 on Margaret Court Arena a
Published 23 Jan, 2017 12:00am
AB de Villiers hits century in comeback

AB de Villiers hits century in comeback

South African batting star AB de Villiers hit a century in his comeback match after a long injury lay-off on Sunday. In his first match since July last year, de Villiers, out with a left elbow injury which required surgery, made 134 not out off 103 balls
Published 23 Jan, 2017 12:00am
Trump tax cuts could mean more Novartis investment in US

Trump tax cuts could mean more Novartis investment in US

Donald Trump's plans to cut US corporate tax rates could trigger increased investment in the United States by Novartis, its chief executive told Reuters, despite the president-elect's recent harsh words on drug prices.
Published 23 Jan, 2017 12:00am
GPIF to lift private equity, infrastructure investment in 2017

GPIF to lift private equity, infrastructure investment in 2017

Japan's GPIF, the world's largest pension fund managing $1.16 trillion in assets, plans to increase investment in private equity and infrastructure projects in 2017 after first hiring outside managers to handle such deals.
Published 23 Jan, 2017 12:00am
GPIF to lift private equity, infrastructure investment in 2017

GPIF to lift private equity, infrastructure investment in 2017

Japan's GPIF, the world's largest pension fund managing $1.16 trillion in assets, plans to increase investment in private equity and infrastructure projects in 2017 after first hiring outside managers to handle such deals.
Published 23 Jan, 2017 12:00am
DP World signs logistics agreement with Kazakhstan

DP World signs logistics agreement with Kazakhstan

Dubai's DP World, one of the world's largest port operators, has signed an agreement with Kazakhstan to develop a special economic zone in the Caspian Sea city of Aktau, the company said on Monday. DP World and Kazakhstan will look at opportunities to add
Published 23 Jan, 2017 12:00am
Reliance expects sharp rise in operating profit

Reliance expects sharp rise in operating profit

Indian oil-to-telecoms conglomerate Reliance Industries Ltd expects a sharp rise in operating profit from the next financial year as it completes an expansion of its core refining and petrochemicals business, a senior executive said on Monday.
Published 23 Jan, 2017 12:00am
Reliance expects sharp rise in operating profit

Reliance expects sharp rise in operating profit

Indian oil-to-telecoms conglomerate Reliance Industries Ltd expects a sharp rise in operating profit from the next financial year as it completes an expansion of its core refining and petrochemicals business, a senior executive said on Monday.
Published 23 Jan, 2017 12:00am
Morgan Stanley partners with tech firms to boost wealth business

Morgan Stanley partners with tech firms to boost wealth business

Morgan Stanley inked deals with 10 technology outfits last year to improve the products and services it offers wealth-management customers, the bank said on Tuesday. Among the new partners are Addepar, which offers investment-tracking software, and Zelle,
Published 23 Jan, 2017 12:00am
Morgan Stanley partners with tech firms to boost wealth business

Morgan Stanley partners with tech firms to boost wealth business

Morgan Stanley inked deals with 10 technology outfits last year to improve the products and services it offers wealth-management customers, the bank said on Tuesday. Among the new partners are Addepar, which offers investment-tracking software, and Zelle,
Published 23 Jan, 2017 12:00am
Big gold miners must partner for new mines

Big gold miners must partner for new mines

The world's biggest gold miners should partner to share the financial and other risks of developing large gold deposits, the chief executive of Goldcorp Inc, the world's third biggest gold miner by market value, said on Tuesday.
Published 23 Jan, 2017 12:00am
Hyundai Motor to boost US investment by 50 percent

Hyundai Motor to boost US investment by 50 percent

The Hyundai Motor Group said it plans to boost US investment by 50 percent to $3.1 billion over five years and may build a new US factory - the latest auto firm to announce fresh investment after threats from President-elect Donald Trump to tax imports. T
Published 23 Jan, 2017 12:00am
China to develop prototype super-super computer in 2017

China to develop prototype super-super computer in 2017

China plans to develop a prototype exascale computer by the end of the year, state media said Tuesday, as it seeks to win a global race to be the first to build a machine capable of a billion, billion calculations per second. If successful, the achievemen
Published 23 Jan, 2017 12:00am
Netflix adds 7 million subscribers in global expansion

Netflix adds 7 million subscribers in global expansion

Netflix added a record seven million subscribers over the past quarter as part of its global expansion drive, fuelling a surge in revenue and profit for the streaming television giant.
Published 23 Jan, 2017 12:00am
Czech regulator pushes O2, Vodafone to cut wholesale LTE prices

Czech regulator pushes O2, Vodafone to cut wholesale LTE prices

The Czech telecoms regulator CTU is pushing O2 Czech Republic and Vodafone to cut wholesale prices for mobile internet services (LTE) charged to virtual operators, warning they could lose frequencies won in a past auction.
Published 23 Jan, 2017 12:00am
WhatsApp vulnerable to snooping: report

WhatsApp vulnerable to snooping: report

The Facebook-owned mobile messaging service WhatsApp is vulnerable to interception, the Guardian newspaper reported on Friday, sparking concern over an app advertised as putting an emphasis on privacy. The report said that WhatsApp messages could be read
Published 23 Jan, 2017 12:00am
GSMA Mobile World Congress Shanghai to be held from June 28

GSMA Mobile World Congress Shanghai to be held from June 28

The GSMA on Thursday provided updates for the 2017 GSMA Mobile World Congress Shanghai to be held from Wednesday, 28 June through Saturday, 1 July 2017 at the Shanghai New International Expo Centre (SNIEC). Among new developments, the GSMA announced the l
Published 23 Jan, 2017 12:00am
PBS Kids round-the-clock TV, online channel launched

PBS Kids round-the-clock TV, online channel launched

PBS is launching a round-the-clock children's channel that will be available on member stations and digital platforms. The free PBS Kids channel starting Monday is aimed at youngsters who are 2 to 6 and their families with educational programming includin
Published 23 Jan, 2017 12:00am
Audiobooks see boom in digital, multitasking age

Audiobooks see boom in digital, multitasking age

Curling up with a paperback may be a forgotten luxury for many thanks to today's busy lifestyles, but listening to a book on the go, while shopping or jogging, is fast becoming the new norm. Gone are the cumbersome cassette sets that could cost three time
Published 23 Jan, 2017 12:00am
Google grabs Twitter app platform Fabric

Google grabs Twitter app platform Fabric

Google is acquiring Twitter's mobile application developer platform Fabric, a move which could give some breathing room for the social network after charting an independent path without a suitor. Terms of the deal were not announced.
Published 23 Jan, 2017 12:00am
Study of past warming signals major sea level rise ahead

Study of past warming signals major sea level rise ahead

Scientists who study patterns of natural shifts in the Earth's climate said Thursday they have uncovered a "worrisome" signal that major sea level rise could be on the way. The findings in the journal Science show that ocean surface temperatures during th
Published 23 Jan, 2017 12:00am
Multinationals act on ocean-clogging plastics

Multinationals act on ocean-clogging plastics

Forty of the world's biggest companies assembled in Davos agreed on Monday to come up with cleaner ways to make and consume plastic as waste threatens the global eco-system, especially in oceans.
Published 23 Jan, 2017 12:00am