News Archives for Latest - 2017-01-30

Industry

Toyota loses top-selling automaker crown in 2016

TOKYO: Toyota lost its crown as the world's top-selling automaker in 2016, company figures showed Monday, with the Japanese giant overtaken by Volkswagen as the industry prepares for an uncertain trade environment under Donald Trump.

Updated 08 May, 2018 01:21pm

World Top News

France to double visas for Iranian visitors: FM

TEHRAN: France plans to double the number of visas it issues to Iranians, Foreign Minister Jean-Marc Ayrault said Monday in Tehran, at a time when US travel curbs have angered Iran.

Published 30 Jan, 2017 06:37pm

North America

Trump imposes sweeping limits on new US regulations

WASHINGTON: President Donald Trump on Monday imposed sweeping constraints on any new US regulations, by requiring two rules be killed before any new one can be introduced and mandating zero cost impact.

Published 30 Jan, 2017 06:34pm

Pakistan Top News

Jamaat-ud-Dawa chief Hafiz Saeed under house arrest

ISLAMABAD: Government on Monday ordered to place Hafiz Saeed under house arrest.

Published 30 Jan, 2017 06:31pm

Pakistan Top News

Muhammad Zubair appointed Sindh Governor

ISLAMABAD: President Mamnoon Hussain Monday accorded his consent on a summary moved for the appointment of Muhammad Zubair as Governor of Sindh.

Published 30 Jan, 2017 06:03pm

Commodities

EU wheat pushed down by falling US markets

HAMBURG: European wheat prices fell to their lowest in around a month on Monday, pressured by continued weakness in US markets.

Published 30 Jan, 2017 05:55pm

Commodities

European vegoils-Palm oil down with CBOT soyoil

ROTTERDAM: Palm oil on the European vegetable oils market eased on Monday, tracking CBOT soyoil futures which drew long liquidation on improving South American crop weather.

Published 30 Jan, 2017 05:54pm

Pakistan Top News

Dar urges SAARC CCI to play its role in promotion of trade among member countries

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Monday urged South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry to play its collective role in the development and promotion of trade and commerce among member c

Published 30 Jan, 2017 05:47pm

Financial

Saudi, Kuwait, Egypt retreat; Aramex earnings beat supports Dubai

DUBAI: Middle Eastern equity markets diverged on Monday, with last week's top gainers pulling back on profit taking while strong quarterly earnings from courier firm Aramex bolstered Dubai.

Published 30 Jan, 2017 05:44pm

Financial

TSX falls amid Trump travel ban uncertainty

TORONTO: Canada's main stock index fell on Monday, with losses broad based as oil fell and after a travel ban implemented by US President Donald Trump triggered uncertainty for investors.

Published 30 Jan, 2017 04:46pm

Commodities

Gold supported by US and European political uncertainty

LONDON: Gold steadied on Monday as political uncertainty created by US President Donald Trump's move to ban people from seven Muslim-majority countries, and by elections in Europe, supported prices.

Published 30 Jan, 2017 04:42pm

Asia

India lifts ATM limit from Feb 1 as cash crunch eases

NEW DELHI: Limits on ATM withdrawals will be partially lifted from February 1, India's central bank said Monday, as a cash crunch sparked by the ban on high-value rupee notes eases.

Published 30 Jan, 2017 04:41pm

North America

Trump says cost of Lockheed's F-35 has been cut by $600mn

WASHINGTON: President Donald Trump said on Monday his administration had been able to cut $600 million from the latest US contract for the F-35 Joint Strike Fighter, the Lockheed Martin aircraft that he has sharply criticized for its cost overruns.

Published 30 Jan, 2017 04:41pm

Energy

Oil slips as US drilling recovery weakens deal to cut output

LONDON: Oil prices fell on Monday as news of another weekly increase in US drilling activity spread concern over rising output just as many of the world's oil producers are trying to comply with a deal to pump less to try to prop up prices.

Published 30 Jan, 2017 04:40pm

Money & Banking

Kenya central bank holds main rate at 10.0pc

NAIROBI: Kenya's central bank held its benchmark lending rate at 10.

Published 30 Jan, 2017 04:39pm

Financial

Wall St drops on jitters over Trump's travel curbs

NEW YORK: US stocks opened lower on Monday as investors turned defensive due to uncertainty sparked by President Donald Trump's orders to curb travel and immigration from some countries.

Published 30 Jan, 2017 04:36pm

North America

Trump says will announce Supreme Court pick Tuesday

WASHINGTON: US President Donald Trump said he will announce his nomination to the Supreme Court on Tuesday, a pick likely to tilt the court to conservatives on crucial issues such as abortion and gun control.

Published 30 Jan, 2017 04:34pm

Front Top News

PM, President discuss national, international issues

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Monday called on President Mamnoon Hussain at the Awan-e-Sadr and both the leaders discussed national and international issues.

Published 30 Jan, 2017 04:32pm

Pakistan Top News

Muhammad Zubair nominated as governor Sindh; Zubair confirms

KARACHI: The Chairman of the Privatization Commission, Muhammad Zubair, has been nominated as the new Governor of Sindh.

Published 30 Jan, 2017 04:28pm

World

Spain should deepen structural reforms: IMF

MADRID: Spain should make the most of its economic recovery to press on with structural reforms, the International Monetary Fund said on Monday, adding measures were needed to tackle "painfully high" unemployment and remove red tape for small companies.

Published 30 Jan, 2017 03:28pm

Europe

EU decries religious, racial discrimination in response to Trump

BRUSSELS: The European Union delivered a tacit rebuke on Monday to US President Donald Trump over his new travel bans, but diplomats said harsher criticism was unlikely due to internal divisions among EU member states.

Published 30 Jan, 2017 03:27pm

Commodities

Ghana cocoa buying dips in first 16 weeks of season

ACCRA: Cocoa purchases declared to Ghana's industry regulator following the first 16 weeks of the 2016/17 season stood at 611,763 tonnes, Cocobod data seen by Reuters on Monday showed.

Published 30 Jan, 2017 03:26pm

North America

Trump executive order to slash regulations

WASHINGTON: President Donald Trump plans to sign an executive order on Monday that will require that for every new federal regulation proposed, two must be revoked, an administration official said.

Published 30 Jan, 2017 03:24pm

Managed Funds

Egypt's five-year bond yield drops, 10-year yield rises at auction

CAIRO: Egypt sold five-year treasury bonds at a slightly lower yield on Monday than at the previous sale, while the 10-year yield rose at the same auction, data from the central bank showed.

Published 30 Jan, 2017 03:22pm

Financial

Greek bond yields soar on worries about IMF role in bailout

LONDON: Greek government bond yields soared on Monday on worries about whether the International Monetary Fund will participate in the indebted southern European country's bailout programme.

Published 30 Jan, 2017 03:20pm

General News

Govt committed to serve, empower people: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Monday said all the development and welfare schemes of the present government were aimed at serving the people of Pakistan and putting the country on the track to realize its fullest potential.

Published 30 Jan, 2017 03:20pm

World

EU should provide incentives to observe EU budget rules: IMF

BRUSSELS: Government compliance with European Union rules underpinning the euro is poor despite several reforms and will not improve unless it is linked with political and financial incentives, the International Monetary Fund said.

Published 30 Jan, 2017 03:15pm

Financial

C$ little changed as investors assess Trump travel curbs

TORONTO: The Canadian dollar was little changed against its US counterpart on Monday, recovering from an earlier nearly one-week low, as oil prices fell and investors weighed concerns over a travel ban implemented by US President Donald Trump.

Published 30 Jan, 2017 03:12pm

Europe

Despite Trump backlash, UK's May says very happy to invite him

LONDON: British Prime Minister Theresa May was "very happy" to invite US President Donald Trump for a state visit to Britain, her Downing Street office said on Monday as May faced a popular backlash at home over the planned visit.

Published 30 Jan, 2017 03:11pm

Markets

Bullion Prices on Monday

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

Published 30 Jan, 2017 03:01pm

Pakistan

No violation of constitution, 18th amendment in gas supply: Shahid Khaqan

ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Monday informed National Assembly that no provision of the constitution or the 18th amendment was being violated in supply of natural gas to Khyber Pakhtunkhwa province.

Published 30 Jan, 2017 02:58pm

Industries & Sectors

Investment in power sector crucial for textiles: Dastgir

ISLAMABAD: Federal Minister of Commerce Khurram Dastgir Khan said that to achieve a constant growth in the textile sector, Pakistan was investing in energy sector.

Published 30 Jan, 2017 12:52pm

Cricket

PSL final in Lahore; Sethi confirms

LAHORE: Chairman Pakistan Super League, Najam Sethi said on Monday that the successful holding of the final of the PSL here in March will open a new window to bring back international cricket to Pakistan.

Published 30 Jan, 2017 12:50pm

Life & Style

Trump travel ban: Starbucks to hire 10,000 refugees worldwide

Starbucks says it will hire 10,000 refugees over the next five years, a response to President Donald Trump's indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-majority nations.

Published 30 Jan, 2017 12:26pm

Industry

Vodafone confirms merger talks with India's Idea

MUMBAI: British mobile phone giant Vodafone said Monday that it was in talks to merge its Indian unit with Idea Cellular in a move that would create India's largest telecoms company.

Published 30 Jan, 2017 12:21pm

Pakistan Top News

Two freed Pakistani bloggers go abroad for safety: relatives

ISLAMABAD: Two Pakistani bloggers who vanished earlier this month have left the country fearing for their safety, relatives told AFP on Monday.

Published 30 Jan, 2017 12:14pm

Europe

Turkey puts Gulen, 269 others on trial over coup bid

ANKARA: Turkey on Monday opened the biggest trial yet over the failed July coup aimed at ousting President Recep Tayyip Erdogan, trying 270 suspects including, in absentia, the alleged mastermind Fethullah Gulen.

Published 30 Jan, 2017 12:12pm

Middle East

Drone strike kills 2 Qaeda suspects in Yemen: official

ADEN: A US drone strike killed two suspected Al-Qaeda members in southern Yemen on Monday, a day after elite American forces killed 14 suspected militants in a nearby province, a security official said.

Published 30 Jan, 2017 12:10pm

Financial

Global equities rocked by Trump immigration ban

LONDON: Asian and European stock markets sank on Monday with dealers spooked by uncertainty over Donald Trump's divisive immigration ban, dealers said.

Published 30 Jan, 2017 11:54am

Featured Photos

Ravished By Dawn by Mohammed Reda

Photo Credit: Mohammed Reda%D%AMohamed Reda is a young Moroccan photographer who started photography when he was a little kid.

Published 30 Jan, 2017 11:49am

Miscellaneous

POL 1HFY17: A turnaround in volumes and price

FY17 is likely to turn out better than the previous couple of years for the oil and gas exploration and production companies due to rebound in crude oil prices.

Published 30 Jan, 2017 11:47am

Featured Photos

Magadalene Lauded by Kamila Solarz

Photo Credit: Kamila Solarz%D%AKamila Solarz is a talented photographer and student currently based in Gdynia, Poland.

Published 30 Jan, 2017 11:41am

Miscellaneous

Access to medicines

Drug pricing has always been a sensitive topic.

Published 30 Jan, 2017 11:39am

Miscellaneous

APL up on profits

Despite higher than expected earnings growth in 1HFY17, Attock Petroleum Limited (PSX: APL) share prices went down as there was swift selling; the shareholders most probably did not take the Rs15 per share dividend news well.

Published 30 Jan, 2017 11:38am

Miscellaneous

National Refinery looking up

National Refinery Limited (PSX: NRL) posted its 1HCY17 result last Friday which saw a decrease in company revenue by 4 percent and a corresponding fall in cost of sales of 5 percent.

Published 30 Jan, 2017 11:37am

Featured Photos

Chimera by Oliver Stalmans

Photo Credit: Oliver Stalmans%D%AOliver Stalmans is a talented 29-year-old self-taught photographer who lives and works between France and Denmark.

Published 30 Jan, 2017 11:37am

Life & Style

Indian fashion week set for first transgender model

MUMBAI: A Nepali who will become the first transgender model to walk the runway at an Indian fashion show hopes to inspire other victims of gender identity discrimination across conservative South Asia.

Updated 30 Jan, 2017 11:34am

Featured Photos

Fly Boy by Yaser Al-Majed

Photo Credit: Yaser Al-Majed%D%AYaser Almajed is a talented photographer and digital artist based in Dammam, Saudi Arabia, who shoot a lot of double explosure photography.

Published 30 Jan, 2017 11:32am

Featured Photos

Lethargy By Oliver Stalmans

Photo Credit: Oliver Stalmans%D%AOliver Stalmans is a talented 29-year-old self-taught photographer who lives and works between France and Denmark.

Published 30 Jan, 2017 11:28am

Featured Photos

Signals Crossed by Micheal Massaia

SIGNALS CROSSED%D%Ais a portfolio that attempts to explore the phenomenon and effect of the proliferation of animated LED billboards that are currently blanketing New York City.

Published 30 Jan, 2017 11:24am

Featured Photos

Arctic Wild by Alexis Nevess

Photo Credit: Nevess%Dlexis aka Nevess is a talented 18-year-old digital artist based in Paris, France.

Published 30 Jan, 2017 11:19am

Featured Photos

Jarred And Displaced by Christoffer Relander

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 30 Jan, 2017 11:14am

Miscellaneous

Attock Refinery Limited

Attock Refinery Limited (PSX: ATRL) posted its 1HFY17 result last Friday which saw the companys unconsolidated result witnessing significant growth as compared to the corresponding period last year.

Published 30 Jan, 2017 11:08am

Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Monday having 48972.

Published 30 Jan, 2017 10:55am

Life & Style

Indian politician announces reward for slapping Sanjay Leela Bhansali

Recently Indian filmmaker Sanjay Leela Bhansali was assaulted on the sets of his upcoming film 'Padmavati', though everyone has been condemning the violent attack but an Indian political party has reportedly come out in their support.

Published 30 Jan, 2017 10:40am

Cricket

Pak team lacks talent: Razzaq

ISLAMABAD: Former all-rounder Abdul Razzaq believes only captaincy should not be blamed for defeat in the series against Australia saying Pakistan team lacks talent.

Published 30 Jan, 2017 10:07am

Business & Economy

Seafood of $183.451mn, meat $105.690mn exported in 6 months

ISLAMABAD: Fish and fish preparations worth of $183.

Published 30 Jan, 2017 10:02am

Middle East

Emirates changes flight crews after Trump travel ban

DUBAI: Dubai carrier Emirates said it has adjusted its crews for flights to the United States following President Donald Trump's travel ban on people from seven predominantly Muslim countries.

Published 30 Jan, 2017 09:38am

Middle East

Yemen says Trump travel ban will encourage 'extremism'

ADEN: Yemen's government warned Monday that US President Donald Trump's order banning travellers from mainly Muslim countries would encourage global "extremism".

Published 30 Jan, 2017 09:36am

Front Top News

SC allows model Ayyan Ali to travel abroad

ISLAMABAD: The Supreme Court of Pakistan on Monday upheld the verdict of Sindh High Court (SHC) and quashed the travel ban on the fashion model Ayyan Ali, dismissing the petition filed by federal interior ministry.

Published 30 Jan, 2017 09:29am

World

Brazilian magnate to give himself up to authorities

RIO DE JANEIRO: Facing an international arrest warrant Brazilian magnate Eike Batista said Sunday he would give himself up to authorities to "clean things up".

Published 30 Jan, 2017 09:23am

Industry

Allianz mulls buying Australia's QBE

FRANKFURT AM MAIN: German insurance heavyweight Allianz is interested in buying Australian competitor QBE, German business daily Handelsblatt reported Monday, although the second company denies talks are going on.

Published 30 Jan, 2017 09:20am

North America

Canada offers temporary home to those stranded by Trump order

OTTAWA: Canada will offer temporary residence permits to people stranded in the country as a result of US President Donald Trump's travel ban, the immigration ministry said Sunday.

Published 30 Jan, 2017 09:11am

Life & Style

Kangana Ranaut announces to get married in 2017

Bollywood bold and beautiful actress Kangana Ranaut has recently revealed her plans to settle down somewhere in 2017.

Published 30 Jan, 2017 08:38am

Business & Economy

Pak Kinnow week in Jeddah from Feb 2

ISLAMABAD: Commercial Section of the Consulate General of Pakistan, Jeddah is organizing a 8-days citrus promotional campaign from Feb 2 at Manuel Supermarket which would include in-store promotion and display of citrus.

Published 30 Jan, 2017 08:24am

Industries & Sectors

Work on two mega nuclear power projects on full swing

ISLAMABAD: The development work is in full swing on two mega nuclear power projects (KANUPP II and III) with total capacity of producing 2200 megawatts of electricity in Karachi.

Published 30 Jan, 2017 08:22am

General News

Govt's foremost aim is to serve people: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Monday said the foremost aim of his government was to serve and empower the people.

Published 30 Jan, 2017 08:21am

Cricket

Ex-cricketers want Azhar removed

ISLAMABAD: Former Pakistani cricketers have come out hard on Azhar Ali demanding the Pakistan Cricket Board (PCB) to hand over the ODI reins to Twenty20 Skipper Sarfraz Ahmed.

Published 30 Jan, 2017 08:19am

Business & Economy

Pak exports to European Union up 37pc

ISLAMABAD: Pakistan's exports to the European Union (EU) soared 37 percent during the last three years on the back of generalised scheme of preferences (GSP) plus status, the Commerce Minister has revealed.

Published 30 Jan, 2017 08:17am

Front Top News

Imran Khan wants Trump to impose visa ban on Pakistan

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Sunday said he hopes US President Donald Trump imposes visa restrictions on Pakistan as he believes that the move would help Pakistanis develop their own country.

Published 30 Jan, 2017 07:51am

Front Top News

Panamagate case: Supreme Court resumes hearing

ISLAMABAD: A five-member larger bench headed by Justice Asif Saeed Khosa resumed hearing the Panama Leaks case on Monday.

Published 30 Jan, 2017 07:42am

Pakistan Top News

RECORDER REPORT-PSX mid day update

KARACHI: On Monday, until mid day, KSE-100 Index was at 49790.

Published 30 Jan, 2017 07:19am

Front Top News

Trump, Saudi king back 'rigorously' enforcing Iran nuclear deal

WASHINGTON: President Donald Trump and Saudi King Salman want to "rigorously" enforce the Iran nuclear deal, the White House said, despite the US leader's long opposition to the agreement.

Published 30 Jan, 2017 07:10am

Front Top News

Canada PM dubs Quebec mosque shooting a 'terrorist attack'

QUEBEC CITY: Six people died and eight were injured after gunmen opened fire at a Quebec City mosque, a shooting that Canadian Prime Minister Justin Trudeau condemned Monday as a "terrorist attack.

Published 30 Jan, 2017 07:10am

Financial

Tokyo stocks close lower

TOKYO: Tokyo stocks closed lower Monday as a stronger yen hit exporters and investors took profits, while sentiment was also hit by concerns over President Donald Trump's controversial immigration moves.

Published 30 Jan, 2017 06:55am

Front Top News

US says green card holders exempted from travel ban

WASHINGTON: President Donald Trump's administration stressed that permanent residents get a reprieve from his ban on travelers from seven Muslim countries, after the order triggered confusion over its implementation.

Published 30 Jan, 2017 06:51am

Asia

Trump agrees to refugee intake from Australia: Turnbull

SYDNEY: President Donald Trump will honour a deal struck under his predecessor to accept refugees from remote Pacific camps, Australia's prime minister said Monday amid immigration chaos in the United States.

Published 30 Jan, 2017 06:50am

Life & Style

Miss France Iris Mittenaere crowned Miss Universe 2017

A 23-year-old dental student from France won the Miss Universe crown Monday in the Philippines, bringing her country its first win in the annual pageant in 64 years.

Published 30 Jan, 2017 06:49am

Technology

TapMad TV goes LIVE, launches app at Alliance Francaise

Sports enthusiasts, TV drama fanatic, Music or film buff TapMad TV has it all for you!%D%A%D%A

Published 30 Jan, 2017 06:47am

Business & Economy

FBR GETS NO RESPONSE FROM ANY TAX HAVEN

SOHAIL SARFRAZ%D%AISLAMABAD: The Federal Board of Revenue (FBR) has not received any response from nine foreign jurisdictions/tax havens about those having offshore companies/entities in Panama and the Bahamas.

Published 30 Jan, 2017 06:47am

North America

Trump travel ban aims to avert large-scale attack

WASHINGTON: US President Donald Trump's temporary travel ban is the first step in an immigration overhaul to spare the country from the type of high-profile attacks that have recently rocked Belgium, France and Germany, a senior administration officia

Published 30 Jan, 2017 06:37am

Europe

Britain wins exemption on Trump visa ban as PM faces criticism

LONDON: British Prime Minister Theresa May is facing criticism for her initial response to Donald Trump's border clampdown, as the UK won an exemption for its citizens from the US president's restrictions.

Published 30 Jan, 2017 06:28am

Life & Style

VIDEO; Pakistani cricket icons join Ali Zafar in an official anthem of PSL 2017

Ali Zafar has released the official anthem for the second edition of Pakistan Super League (PSL), which is all set to begin from February 9, 2017.

Published 30 Jan, 2017 06:15am

Judge blocks part of immigration ban

A federal judge blocked Saturday part of President Donald Trump's temporary immigration ban, ordering authorities to stop deporting refugees and other travelers stuck at US airports.