News Archives for Latest - 2017-02-06

Life & Style

Toyota, Suzuki courtship intensifies as partnership talks begin

TOKYO: Toyota Motor Corp and Suzuki Motor Corp said on Monday they plan to trade expertise in parts supplies and R&D, in an agreement that will aid expansion in emerging markets and help them cope with rapid technological sophistication.

Updated 10 May, 2018 07:39pm

General News

Chinese State Commissioner for Counter Terrorism calls on Fatemi

ISLAMABAD: The Chinese State Commissioner for Counter Terrorism and Security Cheng Guoping on Monday called on Syed Tariq Fatemi, Special Assistant to the Prime Minister on Foreign Affairs, at the Foreign Office.

Published 06 Feb, 2017 06:36pm

World Top News

Afghan civilian casualties hit record high in 2016: UN

KABUL: Civilian casualties in Afghanistan in 2016 were the highest recorded by the UN, the world body said Monday, with nearly 11,500 non-combatants -- one third of them children -- killed or wounded.

Published 06 Feb, 2017 05:27pm

Financial

South Africa's rand retreats, stocks slip as political uncertainty weighs

JOHANNESBURG: South Africa's rand retreated on Monday, pausing a four session rally as some investors cashed in on recent gains and the dollar regained some ground after being hit by a poor wages report last week.

Published 06 Feb, 2017 05:00pm

Life & Style

Fashion magazine giant Grazia to launch in Pakistan

Italy's glossy style magazine Grazia will launch in Pakistan

Published 06 Feb, 2017 04:50pm

World Top News

UN wants $3.5bn to support Syrian refugees in Turkey

ANKARA: The United Nations on Monday called on donor countries to supply $3.

Published 06 Feb, 2017 04:47pm

Commodities

US Cash Soymeal-Truck offers mixed; rail market flat

CHICAGO: Spot basis offers for soymeal were steady to mixed at truck market processors around the US Midwest on Monday.

Published 06 Feb, 2017 04:40pm

Financial

Wall St little changed as investors seek fresh catalysts

NEW YORK: US stocks were little changed on Monday amid a lack of major catalysts, including economic data, and uncertainty over President Donald Trump's policies.

Published 06 Feb, 2017 04:37pm

Europe

PM May told Netanyahu Britain alert to Iran's destabilising activity

LONDON: Prime Minister Theresa May told her Israeli counterpart on Monday that Britain supports the Iran nuclear deal but needs to be alert to Iran's pattern of destabilising behaviour in the region, her spokeswoman said.

Published 06 Feb, 2017 04:36pm

Industry

Siemens aiming for early EU approval for Gamesa deal

BRUSSELS: German engineering group Siemens is optimistic that EU antitrust regulators will clear its plan to form the world's largest wind turbine maker with Spain's Gamesa in the preliminary review, people familiar with the matter said on Monday.

Published 06 Feb, 2017 04:34pm

Financial

Yields fall on lack of detail over Trump's pro-growth plans

NEW YORK: US short- and medium-dated Treasury yields hit their lowest levels in at least 13 days on Monday on mounting European political uncertainty and a dearth of information on US President Donald Trump's promised pro-growth policies.

Published 06 Feb, 2017 04:32pm

Pakistan Top News

Pakistan, Bahrain for setting up Joint Business Council

ISLAMABAD: Pakistan and Bahrain Monday agreed on early activation of the Joint Business Council with a view to explore new avenues of cooperation in diverse fields.

Published 06 Feb, 2017 04:28pm

Industries & Sectors

Agreement for long term operation, maintenance of Nandipur power plant signed

ISLAMABAD: The agreement for long-term operation and maintenance of the 425 Megawatt Nandipur Power Plant has been signed between Northern Power Generation Company Limited (NPGCL) and M/s Hydro Electric Power System Engineering Company of China (HEPSEC) f

Published 06 Feb, 2017 04:11pm

Front Top News

Dar welcomes reaffirmation of Pakistan's rating by FITCH

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Monday welcomed reaffirmation of Pakistan credit rating by Fitch Ratings and stated that it was an acknowledgment of government's economic policies.

Published 06 Feb, 2017 04:03pm

Pakistan Top News

NA condemns Indian atrocities in IHK, urges UN to implement resolutions

ISLAMABAD: The National Assembly on Monday condemned Indian state terrorism in occupied Kashmir and called upon the United Nations Security Council (UNSC) to get implemented its resolutions to give the Kashmiris their just right to self-determination.

Published 06 Feb, 2017 04:03pm

Markets

Bullion Prices on Monday

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

Published 06 Feb, 2017 04:00pm

Pakistan

Pakistan to continue raising Kashmir issue at int'l fora: Fazl

ISLAMABABAD: Kashmir Committee Chairman Maulana Fazlur Rehman Monday said that Pakistan would continue its efforts for raising the Kashmir issue at international fora.

Published 06 Feb, 2017 04:00pm

Asia

Indian commandos go missing en masse: report

NEW DELHI: Dozens of trainee commandos from India's elite jungle warfare unit have gone missing on the eve of their first deployment to a restive region considered a stronghold of left-wing rebels.

Published 06 Feb, 2017 03:29pm

World

OECD urges Portugal to keep up pace of reforms

LISBON: Slow-growing Portugal faces mounting economic challenges and its financial system remains fragile, leaving little room for Lisbon to slow down the pace of its reforms, the OECD warned Monday.

Published 06 Feb, 2017 03:27pm

Pakistan Top News

Pakistan wants India's entire nuclear programme under IAEA safeguards

ISLAMABAD: Pakistan wants the commencement of negotiations on Fissile Material Cut-Off Treaty (FMCT) at the Conference on Disarmament (CD) with existing stocks explicitly included in the negotiating mandate and India's entire civilian nuclear programm

Published 06 Feb, 2017 03:02pm

Pakistan

NA passes Companies Bill to stimulate economic growth

ISLAMABAD: National Assembly on Monday unanimously passed the landmark Companies Bill with an aim to give an impetus to national economy and stimulate economic growth.

Published 06 Feb, 2017 02:35pm

Financial

Ugandan shilling stable amid subdued demand for dollars

KAMPALA: The Ugandan shilling was little changed on Monday, with a slowdown in economic activity stifling demand for dollars among importers and helping offer support to the local currency.

Published 06 Feb, 2017 01:53pm

Energy

Oil steadies as Iran and OPEC offset by US drilling rebound

LONDON: Oil steadied near $57 barrel on Monday as OPEC supply cuts and rising tensions between the United States and Iran were countered by ample inventories and signs that higher prices will revive US output.

Published 06 Feb, 2017 01:51pm

Europe

France's Fillon to launch campaign fight back against scandal

PARIS: French conservative presidential candidate Francois Fillon will fight back on Monday against the fake job scandal that threatens his campaign, a source close to him said.

Published 06 Feb, 2017 01:51pm

World Top News

Kremlin says it disagrees with Trump's assessment of Iran

MOSCOW: The Kremlin said on Monday it did not agree with US President Donald Trump's assessment of Iran as "the number one terrorist state" and wanted to deepen what it described as already good ties with Tehran.

Published 06 Feb, 2017 01:49pm

Managed Funds

Romania sells 323.7mn lei of Dec. 2022 T-bonds

BUCHAREST: Romania sold a slightly more than planned 323.

Published 06 Feb, 2017 01:49pm

World

Weak trade prospects prompt cut to Slovak 2017 growth forecast

BRATISLAVA: Slovakia's Finance Ministry cut its outlook for the country's 2017 gross domestic product (GDP) growth to 3.

Published 06 Feb, 2017 01:47pm

Energy

Shell looking to sell stake in Danish venture

LONDON: Royal Dutch Shell is seeking to sell its stake in the Danish Underground Consortium (DUC), an offshore oil and gas joint venture, in what would mark the company's effective exit from Denmark, three banking sources said.

Published 06 Feb, 2017 01:46pm

Money & Banking

Czech central bank's foreign assets jump by EUR 15bn in January

PRAGUE: The Czech central bank's receivables from abroad jumped by 49.

Published 06 Feb, 2017 01:45pm

Financial

Nigeria's naira falls to record low of 500 on black market, traders say

LAGOS: The naira dropped to a record low of 500 to the dollar on the black market on Monday, even though Nigeria's foreign reserves rose to their highest in a year, as demand for the US currency grew and the central bank rationed dollar supply, trader

Published 06 Feb, 2017 01:43pm

Financial

Sri Lankan shares hit 10 month closing low ahead of central bank rate review

COLOMBO: Sri Lankan shares fell on Monday to an over 10-month closing low, dragged down by beverage and banking stocks, as investors awaited cues from the central bank's monetary policy review on Tuesday.

Published 06 Feb, 2017 01:42pm

Commodities

Raw sugar prices rise as physical market tightens

LONDON: Raw sugar futures rose to their highest level in nearly three months on Monday, boosted by emerging tightness in the physical market and downgrades to production expectations in India.

Published 06 Feb, 2017 01:41pm

Financial

Sri Lankan rupee slips on dollar buying by banks ahead of rate call

COLOMBO: The Sri Lankan rupee closed slightly weaker on Monday due to dollar demand from importers and banks as foreign investors continued to sell government securities, dealers said.

Published 06 Feb, 2017 01:40pm

Financial

Euro fades in face of French election risks

LONDON: The euro fell around half a percent on Monday as concerns over French politics ahead of presidential elections set for April and May drew investors' focus back to a year of political risks to Europe's established order.

Published 06 Feb, 2017 01:38pm

World Top News

Iran's missile test not a message to Trump

DUBAI: Iran said on Monday a recent missile trial launch was not intended to send a message to new US President Donald Trump and to test him, since after a series of policy statements Iranian officials already "know him quite well".

Published 06 Feb, 2017 01:37pm

Africa

Egyptian army kills 14 militants in central Sinai raid

CAIRO: Egyptian soldiers killed 14 militants and arrested ten others in a raid in central Sinai, the military said on Monday.

Published 06 Feb, 2017 01:34pm

Energy

Asia Fuel Oil-Spreads and differentials narrow in thin trade

SINGAPORE: Asian fuel oil differentials and time spreads narrowed slightly on Monday, although traders said the more positive mood could be short-lived as more volumes arrive from the West in the coming weeks.

Published 06 Feb, 2017 01:31pm

World

Greek bailout programme would end if IMF pulled out

BERLIN: Germany believes the International Monetary Fund (IMF) will remain on board with Greece's bailout, a finance ministry spokesman reiterated on Monday, but said that a IMF decision to pull out would mean the end of the current programme.

Published 06 Feb, 2017 01:30pm

Industry

Ryanair CEO says expects lower fares in year to March 2018

DUBLIN: Ryanair is assuming average fares will fall by about 5 percent as it prepares its annual budget but "does not have a clue" how they will actually perform, Chief Executive Michael O'Leary said on Monday.

Published 06 Feb, 2017 01:29pm

Industry

Audi's gender equality plea lacks horsepower

LONDON: Audi on Sunday made an emotive plea for gender equality in its Super Bowl TV commercial, calling for equal pay for equal work.

Published 06 Feb, 2017 01:27pm

Middle East

'Responsible nations' should back new Iran sanctions: Israeli PM

LONDON: Israeli Prime Minister Benjamin Netanyahu said Monday that all "responsible nations" should back new sanctions against Iran, speaking during a meeting with his British counterpart Theresa May in London.

Published 06 Feb, 2017 01:16pm

Cricket

PSL 'Spirit Trophy' unveiled to the cricketing world

As cricketing world awaits the second edition of Pakistan Super League (PSL), the new sparkling trophy was finally unveiled officially in a star-studded event held at Dubai International Cricket Stadium on Monday.

Updated 06 Feb, 2017 12:50pm

Featured Photos

Tropicana by Fouwad Jreige

Photo Credit: Fouwad Jreige%Douad Jreige aka opticperspective is a talented self-taught photographer and filmmaker currently based in Los Angeles, California.

Published 06 Feb, 2017 12:41pm

Featured Photos

Nibbles by Florian Wenzel

Photo Credit: Florian Wenzel%Dlorian Wenzel is a talented twenty years old photographer, filmmaker and traveler based in Ulm, Germany.

Published 06 Feb, 2017 12:39pm

Featured Photos

Charmed Elixor by Mari Stromsbo

Photo Credit: Mari Stromsbo%D%AMari Stromsbo Gjorv is a talented photographer and student from Kristiansand, currently based in Oslo, Norway.

Published 06 Feb, 2017 12:28pm

World Top News

Kerry, Albright slam Trump travel ban

WASHINGTON: A group of prominent Democrats including former secretaries of state John Kerry and Madeleine Albright called Monday for a federal appeals court to continue blocking President Donald Trump's travel ban, saying it harms national security.

Published 06 Feb, 2017 12:14pm

Financial

Global stock markets diverge

LONDON: World stock markets diverged on Monday as investors tracked a record on Wall Street fuelled by a better-than-expected jump in US jobs.

Published 06 Feb, 2017 12:10pm

Featured Photos

Tinted Green by Manuel Alvarez

Photo Credit: Manuel Alvarez%D%AManuel Alvarez Diestro is a professional 44-year-old photographer and artist from Spain currently based in London.

Published 06 Feb, 2017 11:56am

Arts

SC bans Amir Liaquat's 'Aisay Nahi Chalay Ga'

Bol News gave an undertaking in the Supreme Court on Monday stated that they will not air the programme 'Aisay Nahi Chalay Ga' hosted by Amir Liaquat until further notice, Aaj News reported.

Published 06 Feb, 2017 12:04pm

Life & Style

Sania Mirza reveals secret of her marriage with Shoaib Malik

Tennis sensation Sania Mirza has recently revealed her secret to a happy married life with Pakistani cricketer Shoaib Malik.

Published 06 Feb, 2017 11:27am

Featured Photos

The Chicago Wheel by Lea Godoy

Photo Credit: Lea Godoy%D%ALea Godoy is a multi-talented artist, filmmaker and photographer from Philippines, who currently lives and works in Seattle, Washington.

Published 06 Feb, 2017 11:15am

Business & Economy

Pasha disputes Dar's claim of economic growth

%D%AZAHEER ABBASI%D%A%D%AISLAMABAD: Former Advisor to Prime Minister on Finance Dr Hafeez Pasha expressed reservations over the claim made by Finance Minister Ishaq Dar that the Pakistans economy was moving towards improvement.

Published 06 Feb, 2017 11:11am

Front Top News

PPP leader wounded, PA killed in Bahawalnagar gun attack

BAHAWALNAGAR: Unknown men opened fire at a Pakistan Peoples Party (PPP) protest rally on Monday injuring party leader Shaukat Basra and three others while a man was killed in the attack on the sit-in.

Published 06 Feb, 2017 11:02am

Cricket

Captain Cook resigns after India thrashing

Englands Test skipper Alastair Cook has stepped down from his role as captain, after leading his side in 59 Test matches, the most for any England captain.

Published 06 Feb, 2017 10:55am

General News

Rural Punjab goes digital: World Bank

ISLAMABAD: The government of Punjab has digitized the province's rural land records in an effort to improve service delivery and make the records less dispersed.

Published 06 Feb, 2017 10:55am

Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Monday having 49630.

Published 06 Feb, 2017 10:51am

Pakistan Top News

Shujaat mulling electoral alliance with Musharraf

%DUBAI: Former Prime Minister and President Pakistan Muslim League-Q (PML-Q) Chaudhry Shujaat Hussain called on former President General (retd) Pervez Musharraf here on Sunday.

Published 06 Feb, 2017 10:46am

Featured Photos

Ride The Spiral by Kevin Krautgartner

Photo Credit: Kevin Krautgartner%Dward winning FineArt, Architecture & Landscape photographer%D%AKevin Krautgartner was born 1988 in Schwelm, Germany and graduated from University of Applied Sciences in Dortmund with a degree in photography and graphic de

Published 06 Feb, 2017 10:45am

Front Top News

India resorts to unprovoked firing at Zafarwal sector

RAWALPINDI: The Indian troops on Monday morning resorted to unprovoked firing at Zafarwal Sector along the Working Boundary (WB).

Published 06 Feb, 2017 10:32am

Cricket

Pakistan should replace UAE with England: Zaheer

ISLAMABAD: Asian Bradman Zaheer Abbas on Monday advised the Pakistan Cricket Board (PCB) that England must be used as a neutral venue for Pakistan to host their home series.

Published 06 Feb, 2017 10:23am

Front Top News

Guard 'with grudge' shoots Afghan diplomat dead in Karachi

KARACHI: An Afghan diplomat was killed in firing allegedly by a security guard inside the Afghanistan Consulate in Karachi.

Updated 06 Feb, 2017 10:13am

Featured Photos

Intertwined & One by Katja Kemnitz

Photo Credit: Katja Kemnitz%D%AKatja Kemnitz is a talented 31-year-old photographer and artist based in Bonn, Germany.

Published 06 Feb, 2017 10:04am

Rs5.58bn granted to 251,351 youth under PM Interest Free Loan Scheme

ISLAMABAD: Around 251,351 interest free loans amounting to Rs 5.

Published 06 Feb, 2017 10:01am

Cricket

PSL-2: Cricketers breaking sweat ahead of tournament

The launch of second edition of Pakistan Super League (PSL) is just days away, with cricket fans back home and around the world wait anxiously.

Published 06 Feb, 2017 09:59am

Life & Style

'Raees' deleted song 'Halka Halka' is intoxicating

Shah Rukh Khan took to Twitter on Sunday to share the deleted song 'Halka Halka' from his latest release 'Raees'.

Published 06 Feb, 2017 09:59am

Front Top News

Panamagate case: No hearing this week as well

ISLAMABAD: The five-member larger bench of the Supreme Court headed by Justice Asif Khosa would not hear the Panamagate case this week as well as member of the bench Justice Shaikh Azmat Saeed has not been fully recovered.

Published 06 Feb, 2017 09:53am

Industries & Sectors

President inaugurates 118 mega-watts power plant at Bin Qasim

KARACHI: President Mamnoon Hussain here on Monday inaugurated the Fauji Fertilizer Power Plant with a generation capacity of 118 mega watts.

Published 06 Feb, 2017 09:37am

Featured Photos

Blue Mist by Jure Kravanja

Photo Credit: Jure Kravanja%D%AJure Kravanja is a talented semi-professional 56-year-old photographer based in Celje, Slovenia.

Published 06 Feb, 2017 09:10am

General News

PM calls for trade expansion with Bahrain

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Monday said Pakistan values its ties with Bahrain and stressed the need for expanding bilateral trade between both countries.

Published 06 Feb, 2017 09:02am

Industries & Sectors

PM inaugurates South Asia's largest brass mill

WAH: Prime Minister Muhammad Nawaz Sharif on Monday inaugurated the upgradation of brass mill at Pakistan Ordnance Factory (POF), making it largest of its kind in South Asia.

Published 06 Feb, 2017 08:51am

Cricket

Shoaib Akhtar at his lethal best

Pakistans Rawalpindi express, Shoaib Akhtar could be considered modern cricketing world most feared bowler, if not the most successful.

Published 06 Feb, 2017 08:29am

Cricket

Sri Lanka's Mathews out of Australia T20 tour

COLOMBO: Sri Lanka captain Angelo Mathews was Monday ruled out of this month's three-match Twenty20 series in Australia with a hamstring injury.

Published 06 Feb, 2017 08:23am

Front Top News

Iran imports 149 tonnes of uranium from Russia

TEHRAN: Iran will receive the final part of a 149-tonne shipment of uranium from Russia as part of its nuclear deal with world powers, it was announced on Monday.

Published 06 Feb, 2017 08:19am

Front Top News

Saleem Shahzad arrested at Karachi airport

KARACHI: Saleem Shahzad, leader of Muttahida Qaumi Movement (MQM) who landed in the metropolis here on Monday has been arrested and taken into custody on his arrival at Karachi airport from Dubai.

Published 06 Feb, 2017 08:11am

Technology

Find out why certain noises enrage you!

Would you pick yourself for an individual who gets enraged and infuriated by certain sounds, you may not just be cranky but may actually have your brain hardwired to produce excessive emotional responses to particular sounds. %D%A%D%A

Published 06 Feb, 2017 08:09am

World

Maduro seeks papal help in new opposition talks

CARACAS: Venezuela's President Nicolas Maduro said he was seeking more Vatican help to try to jump-start political talks with the opposition.

Published 06 Feb, 2017 08:05am

Industry

Ryanair profits down on weaker pound, ticket prices

LONDON: Profit after tax at Ryanair dropped eight percent in its third quarter after the pound weakened sharply following Britain's decision to exit the EU, the Irish no-frills carrier said Monday.

Published 06 Feb, 2017 08:04am

Miscellaneous

Economic solutions?

Economics is not an absolute science; and there can be multiple interpretation of a country's economic health, especially when it is emerging from a lull period.

Published 06 Feb, 2017 07:47am

Miscellaneous

Will IXPs benefit broadband users?

Pakistans first domestic Internet Exchange Point (IXP) was launched last week with much fanfare in Islamabad.

Published 06 Feb, 2017 07:46am

Miscellaneous

EFOODS - a change of hands amid competiton

Engro Foods Limited (PSX:EFOODS) has emerged to take a leading position among the food companies in the country.

Published 06 Feb, 2017 07:46am

Life & Style

Lady Gaga lights up Super Bowl with inclusion message

HOUSTON: Lady Gaga dazzled the Super Bowl on Sunday with a high-tech, tightly choreographed halftime show celebrating American diversity and unity as she chose the power of showbiz over direct provocation.

Published 06 Feb, 2017 07:45am

Miscellaneous

Wheat's rising popularity

Last week, the PBIF issued a statement urging the government to reduce the area under wheat cultivation.

Published 06 Feb, 2017 07:45am

Europe

Queen Elizabeth II marks sapphire jubilee

LONDON: Queen Elizabeth II, the world's longest reigning sovereign, on Monday set a new record as the first British monarch to reach her sapphire jubilee, with 65 years on the throne.

Published 06 Feb, 2017 07:40am

Cricket

Angry batsman kills teen cricketer

DHAKA: A 14-year-old cricketer has died in Bangladesh after he was hit by a stump thrown by an angry batsman during a friendly game between neighbourhood teams, police said on Monday.

Published 06 Feb, 2017 07:37am

North America

With Trump travel ban still blocked, travelers head to US

PALM BEACH: After a US appeals court refused to restore President Donald Trump's controversial immigration order, travelers who had been banned from entering the country trickled in Sunday as the White House vowed to prevail in the high-stakes legal b

Published 06 Feb, 2017 07:36am

Industries & Sectors

PSM liabilities: CCoP seeks more details

MUSHTAQ GHUMMAN%D%AISLAMABAD: Cabinet Committee on Privatisation (CCoP) has reportedly sought further details of Pakistan Steel Mills (PSM) liabilities prior to proceeding further with sell off/ leasing plan, well-informed sources told Business Recorder.

Published 06 Feb, 2017 07:29am

Pakistan Top News

RECORDER REPORT-PSX mid day update

KARACHI: On Monday, until mid day, KSE-100 Index was at 49652.

Published 06 Feb, 2017 07:20am

Front Top News

PM urges India to allow free, fair plebiscite in IHK

ISLAMABAD: Prime Minister Nawaz Sharif has urged India to stop bloodbath in the Occupied Jammu and Kashmir and allow holding of free and fair plebiscite under the auspices of the United Nations.

Published 06 Feb, 2017 07:18am

Financial

Tokyo stocks close higher on US economic hopes

TOKYO: Tokyo stocks closed higher Monday with investors buoyed by solid US job growth while banks rallied on President Donald Trump's move to roll back financial regulations.

Published 06 Feb, 2017 07:17am

Life & Style

Mahira Khan's candid confessions at a live conference with 'Raees' team

Mahira Khan finally joined her 'Raees' co-stars at a press conference in Mumbai, via video call.

Published 06 Feb, 2017 06:14am

CPEC: Customs' operations remain neglected so far

No one can underestimate the importance of projects being carried out under the China-Pakistan Economic Corridor (CPEC) and yet the success of such projects is directly linked to the foolproof security arrangements, improved infrastructure and smooth e-ba