News Archives for Latest - 2017-03-09

Life & Style

BMW earnings hit by 5 Series ramp-up costs, leasing

PARIS/FRANKFURT: Startup costs for BMW's new 5 Series model contributed to lower-than-expected 2016 operating earnings at the German luxury carmaker, which knocked its shares on Thursday.

Updated 09 May, 2018 10:00pm

Business & Economy

Senate body directed to resolve Rs704mn corruption cases in USC

ISLAMABAD: Senate Standing Committee on Problems of Less Developed Areas on Thursday directed for earlier resolution of Rs 704 million corruption and embezzlement cases in Utility Stores Corporation (USC) of Pakistan in all regions of the country.

Updated 10 Mar, 2017 08:40am

Life & Style

Facebook family to grow with second Zuckerberg baby

SAN FRANCISCO: Mark Zuckerberg on Thursday revealed that Facebook's first family is growing, with a baby sister on the way for one-year-old daughter Maxima.

Published 09 Mar, 2017 08:33pm

Sports

Plans for $50mn global tourney unveiled

NEW YORK: Organizers of a new $50 million boxing tournament unveiled plans Thursday for the World Boxing Super Series, a September-to-May event with two weight classes of fighters chasing the Muhammad Ali Trophy.

Published 09 Mar, 2017 08:28pm

Pakistan Top News

Sindh Govt shows interest to work with Belarus in various sectors

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Sindh government was interested to work with Belarus government and its private sectors in different sectors such as manufacturing, solid waste management, coal mining, energy and exchange of

Published 09 Mar, 2017 08:19pm

Front Top News

Pak-Swiss bilateral trade surged 15pc during 2016

KARACHI, The bilateral trade volume between Switzerland and Pakistan has increased by 15 percent during the year 2016.

Published 09 Mar, 2017 08:12pm

Top News

KMBL launches saving scheme for pensioners, widows

KARACHI: Khushhali Microfinance Bank (KMBL) has introduced a special saving scheme for senior citizens, pensioners, widows and juniors that would help them in planning a prosperous and secure future with exceptional offering of profits up to 13 percent.

Published 09 Mar, 2017 08:06pm

Industries & Sectors

Provinces asked to ensure compliance of tobacco control laws

ISLAMABAD: Minister for National Health Services Saira Afzal Tarar Thursday asked the provincial governments to take steps for ensuring compliance of tobacco control laws in best public interest.

Published 09 Mar, 2017 08:05pm

Markets

Bullion Prices on Thursday

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

Published 09 Mar, 2017 08:04pm

General News

NAB initiates probe against ZTBL Ahmadpur East officials

MULTAN: The National Accountability Bureau (NAB) has started probe against management of Zarai Taraqiati Bank Limited (ZTBL) Ahmadpur East over embezzlement in agricultural loans issued to farmers.

Published 09 Mar, 2017 08:03pm

General News

CM approves recruitment of 6000 doctors, regularizes services of 377

KARACHI: Sindh Chief Minister Syed Murad Ali Shah approving the summary for appointment of 6000 doctors who have passed written test of Sindh Public Service Commission has directed the health department to issue them offer letters.

Published 09 Mar, 2017 08:03pm

Pakistan Top News

Pak-Belarus JMC for diversification in economic ties

KARACHI: The 4th session of the Pakistan- Belarus Joint Ministerial Commission on Trade and Economic Cooperation held here on Thursday that underlined the need for diversifying bilateral economic cooperation including research and development and transfer

Published 09 Mar, 2017 08:00pm

Energy

Oil prices slide more, US crude below $50

NEW YORK: Oil prices slid nearly 3 percent on Thursday, extending the previous session's dive that brought prices to the lowest levels this year, as record US crude inventories fed doubts about whether OPEC-led supply cuts would reduce a global glut.

Published 09 Mar, 2017 07:33pm

Financial

Wall St fights to hold on to gains as oil slips again

NEW YORK: US stocks were little changed on Thursday as gains in bank stocks were countered by the second day of losses in energy shares, a day before the crucial monthly jobs report that could bolster already sky-high odds of a rate hike next week.

Published 09 Mar, 2017 07:31pm

Commodities

Soybeans to 2-month low on huge Brazil crop; corn, wheat sag

CHICAGO: US soybean futures hit a two-month low on Thursday, pressured by rising government forecasts for a record-large Brazilian soy harvest, traders said.

Published 09 Mar, 2017 07:29pm

Front Top News

Nepal bus crash kills 25

KATHMANDU: An overcrowded bus veered off a hilly road in west Nepal killing 25 people and injuring dozens on Thursday, police said.

Published 09 Mar, 2017 07:28pm

Commodities

Canadian wheat sales could see Trump bump in Mexico

WINNIPEG: Canadian spring wheat sales by Viterra Inc and others may expand in Mexico at the expense of US wheat, as US President Donald Trump threatens to upend long-standing free trade with its southern neighbor, the company's North America chief said on

Published 09 Mar, 2017 07:27pm

Europe

France's Fillon courts both rightists and centrists in campaign re-launch

PARIS: Francois Fillon, the beleaguered conservative candidate in France's presidential election, named prominent allies of ex-president Nicolas Sarkozy to his campaign team on Thursday in a bid to broaden his appeal, as opinion polls showed his support h

Published 09 Mar, 2017 07:25pm

Industry

VW and Tata agree to explore cooperation in India

BERLIN: Volkswagen has signed an agreement with Tata Motors to explore cooperation in India, company sources close to the matter said, as the German carmaker tries once again to conquer emerging markets.

Published 09 Mar, 2017 07:23pm

North America

Julian Assange says WikiLeaks will share CIA hacking tools with tech companies

WASHINGTON: WikiLeaks founder Julian Assange said on Thursday his organization would provide technology companies with exclusive access to CIA hacking tools to allow them to patch software flaws.

Published 09 Mar, 2017 07:15pm

Middle East

Syrian force a 'few weeks' from Raqqa, US Marines deploy

BEIRUT: US-backed Syrian forces said on Thursday they were closing in on Islamic State-held Raqqa and expected to reach the city outskirts in a few weeks, as the US-led coalition said a Marines artillery unit had deployed to help the campaign.

Published 09 Mar, 2017 07:14pm

Managed Funds

US 30-year mortgage rates highest since December

NEW YORK: US 30-year mortgage rates rose to their highest since late December in line with a spike in Treasury yields due to growing expectations the Federal Reserve will raise interest rates next week, according to mortgage finance agency Freddie Mac on

Published 09 Mar, 2017 07:14pm

Money & Banking

ECB's Draghi says G20 must reaffirm commitment to open trade

FRANKFURT: The Group of 20 major world economies should reaffirm its commitment to open trade when it meets in mid-March, European Central Bank President Mario Draghi said on Thursday, after rumours it may drop a reference to opposing protectionism.

Published 09 Mar, 2017 07:13pm

Europe

Merkel tells Turkey to stop Nazi references; Turkey repeats comparison

BERLIN/ISTANBUL: Chancellor Angela Merkel told Turkey to stop invoking Berlin's Nazi past in criticising cancellations of Turkish ministers' rallies in Germany, and said she would do everything possible to prevent Turkish domestic conflicts spilling onto

Published 09 Mar, 2017 07:12pm

World

Mexico annual inflation soars to highest in almost 7 years

MEXICO CITY: Mexico's annual inflation hit its fastest pace in nearly seven years in February after the government raised energy prices, data showed on Thursday in another sign that the central bank could again increase interest rates.

Published 09 Mar, 2017 07:10pm

Financial

TSX gains as energy shares bounce

TORONTO: Canada's main stock index edged higher on Thursday as energy shares rebounded after sharp losses the day before even as US oil prices fell below $50 a barrel, while the materials group also gained ground.

Published 09 Mar, 2017 07:09pm

World

IMF warns Hungary central bank should watch inflation pick-up

BUDAPEST: Hungary's central bank could keep its policy loose in the short term but should be ready to act if inflation pressures build up, the International Monetary Fund said on Thursday.

Published 09 Mar, 2017 07:08pm

Money & Banking

Deutsche Bank considers pulling out of some European retail ops

FRANKFURT: Deutsche Bank is considering pulling out of some of its European retail operations after scrapping plans to sell its main retail unit in its German home market, two people close to the matter said.

Published 09 Mar, 2017 07:06pm

North America

US Senate leader McConnell says US will raise debt ceiling

WASHINGTON: The United States will not default on its debt and will raise its debt limit in some fashion, US Senate Leader Mitch McConnell said on Thursday in an interview with Politico.

Published 09 Mar, 2017 07:05pm

Financial

C$ hits 2-month low as oil drops below $50

TORONTO: The Canadian dollar weakened on Thursday to a fresh two-month low against the greenback as US crude oil prices traded below $50 a barrel and the gap between US and Canadian yields widened.

Published 09 Mar, 2017 07:04pm

Asia

Indian PM's party ahead in biggest state election

NEW DELHI: Indian Prime Minister Narendra Modi's party is well ahead of rivals in an election in the country's most populous state, but may fall short of an absolute majority, four major exit polls showed on Thursday.

Published 09 Mar, 2017 07:03pm

Pakistan Top News

Japan announced US$7mn to UNHCR, WFP for Afghan refugees in Pakistan

ISLAMABAD: The Government of Japan has announced a contribution of USD 7 million to UN High Commissioner for Refugees (UNHCR) and World Food Programme (WFP) to support the Afghan Refugees and host communities in Pakistan.

Published 09 Mar, 2017 05:49pm

Pakistan Top News

PM announces launch of new phase of development for Sindh

THATTA: Prime Minister Muhammad Nawaz Sharif Thursday announced launch of a new phase of development in Sindh and vowed to bring modern basic facilities for its neglected rural areas.

Published 09 Mar, 2017 05:41pm

Pakistan Top News

Pakistan strongly rejects Indian concern on movement along LoC

ISLAMABAD: Indian concern on terrorists' movement along the Line of Control (LoC) was strongly rejected during hotline contact here on Thursday.

Published 09 Mar, 2017 05:27pm

Pakistan Top News

Pakistan, Turkey to continue to serve humanity with mutual cooperation: President

ISLAMABAD: President Mamnoon Hussain Thursday said Pakistan and Turkey had always taken positive measures for resolving the issues of refugees and both the brotherly countries would continue to serve humanity with mutual cooperation in future as well.

Published 09 Mar, 2017 05:26pm

Pakistan Top News

COAS expresses grief over loss of lives in Kabul blast

RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa has expressed deep grief over loss of lives in bomb attack at Kabul Military Hospital.

Published 09 Mar, 2017 05:17pm

Financial

Wall St flat with focus on jobs report, rate meeting

NEW YORK: US stocks opened little changed on Thursday as investors held off from making big bets ahead of Friday's jobs data that could boost the chances of an interest rate hike next week.

Published 09 Mar, 2017 05:06pm

Top News

Guidelines for PMEX commodity 'murabaha' approved

KARACHI: Meezan Bank's Shariah Supervisory Board has approved the guidelines for developing a local commodity Murabaha platform at Pakistan Mercantile Exchange (PMEX) while ensuring that all the requirements for a Shariah-compliant genuine sale transactio

Published 09 Mar, 2017 05:05pm

General News

SMIU recreates endowment fund after 84 years

KARACHI: The Sindh Madressatul Islam (SMIU) has recreated its Endowment Fund after 84 years, an official of the institution said here on Thursday.

Published 09 Mar, 2017 04:31pm

Industries & Sectors

Rs33.307mn income from resorts

KARACHI: Sindh Culture and Tourism Department collected Rs 33.307 million income from resorts during year 2009 to 2013, the Sindh assembly was told.%D%A

Published 09 Mar, 2017 04:17pm

Commodities

Raw sugar rises above 2017 lows, London cocoa slips

LONDON: Raw sugar futures climbed on Thursday in a chart-based rebound from the 2017 low touched the previous day, while London cocoa weakened on the back of technical signals.

Published 09 Mar, 2017 04:16pm

Pakistan Top News

Pak-US cooperation vital for eliminating terrorism: President

ISLAMABAD: President Mamnoon Hussain on Thursday said that Pak-US cooperation was important for eliminating terrorism and Pakistan condemned terrorism in all its forms and manifestations.

Published 09 Mar, 2017 04:15pm

Financial

Dollar slips, euro rises after ECB's Draghi speaks

NEW YORK: The dollar fell against a basket of major currencies on Thursday, while the euro gained after European Central Bank head Mario Draghi suggested it was less necessary to prop up the market through ultra-loose monetary policy.

Published 09 Mar, 2017 04:13pm

General News

People avail opportunity to get themselves medically examined at SIUT

KARACHI: Growing consciousness among people about their health status and realization to take care of it was witnessed here Thursday as hundreds of people, both young and old, were witnessed to avail free of charge medical assessment at Sindh Institute of

Published 09 Mar, 2017 04:06pm

Pakistan Top News

Pakistan's Liquid Foreign Reserves increase

KARACHI: The total liquid foreign reserves held by the country stood at US$ 22,151.

Published 09 Mar, 2017 04:00pm

Commodities

EU 2016/17 soybean imports down 4pc, palm oil down 19pc

PARIS: European Union soybean imports in the 2016/17 season had reached 8.

Published 09 Mar, 2017 03:56pm

Commodities

EU 2016/17 wheat exports reach 16.5mn T, 235,000 T this week

PARIS: European Union soft wheat exports in the 2016/17 season had reached 16.

Published 09 Mar, 2017 03:54pm

World Top News

US to host 68-nation meeting on countering Islamic State

WASHINGTON: US Secretary of State Rex Tillerson will host a 68-nation meeting in Washington this month to discuss the next moves by the coalition fighting Islamic State, a senior Trump administration official said on Thursday.

Published 09 Mar, 2017 03:54pm

Commodities

Copper hits two-month low as Fed hike talk hurts metals

LONDON: Copper fell to a two-month low on Thursday, reflecting losses across most industrial metals and other assets as markets geared up for an expected rise in US interest rates this month.

Published 09 Mar, 2017 03:52pm

Top News

SBP organizes seminar in GCWU

SIALKOT: The State Bank of Pakistan (SBP) organized a day-long seminar on "Women Entrepreneurship-Challenges & Opportunities" to mark the International Women Day at Government College Women University (GCWU) here on Wednesday.

Published 09 Mar, 2017 03:51pm

Money & Banking

China new bank loans fall sharply in February

BEIJING: Chinese bank lending fell more than 40 percent month-on-month in February largely on seasonal fluctuations, official data showed Thursday, beating expectations amid concerns that a flood of credit is increasing risks in the world's second-largest

Published 09 Mar, 2017 03:48pm

General News

Military courts establishment bill to be presented in NA on Friday

ISLAMABAD: Minister for Finance Senator Muhammad Ishaq Dar Thursday said constitutional amendment bill for the establishment of military courts would be presented in the National Assembly on Friday (March 10).

Published 09 Mar, 2017 03:46pm

World

ECB holds key interest rates at record lows

FRANKFURT AM MAIN: The European Central Bank held interest rates at historic lows and stood by its mass bond-buying Thursday as observers looked to its president Mario Draghi for hints on when the flood of ECB cash might dry up.

Published 09 Mar, 2017 03:38pm

Movies & Music

Return of the King: 'Kong: Skull Island' revives iconic ape

LOS ANGELES: Eight decades since furry wrecking machine King Kong first stomped into theatres, the giant ape with a predilection for bottle-blonde damsels in distress makes his cinematic comeback this weekend.

Published 09 Mar, 2017 03:30pm

World

Hugo Boss to make online push to help revive sales

BERLIN: Hugo Boss said on Thursday that improving its online business will be a top priority this year as the struggling German fashion house hopes to avoid another decline in sales and cement a recovery in China.

Published 09 Mar, 2017 02:52pm

Europe

CIA leaks bolster case for privacy treaty: UN expert

GENEVA: Revelations about the CIA's use of hacking tools by anti-secrecy group WikiLeaks show the risks of mass surveillance and bolster the case for international regulation, the United Nations' independent expert on privacy said.

Published 09 Mar, 2017 02:26pm

Financial

Nigeria's stock exchange to seek approval for public listing

LAGOS: The Nigerian Stock Exchange plans to seek approval from its members on March 30 to proceed with the process of becoming a publicly listed company, it said.

Published 09 Mar, 2017 02:21pm

Commodities

Asia Rice-Rice prices advance in India, Vietnam while Thai prices drop on weaker baht

BANGKOK/HANOI/MUMBAI: Rice prices in India and Vietnam advanced while Thai prices dropped due to a weaker baht, traders said on Thursday.

Published 09 Mar, 2017 02:07pm

North America

US Senate Banking Committee to tackle capital formation

WASHINGTON: A US Senate panel on Thursday is poised to approve with bipartisan support a raft of bills aimed at spurring capital formation, marking its first step this year toward modernizing market rules that critics have said are outdated and get in the

Published 09 Mar, 2017 02:04pm

Financial

Higher yields drive dollar to 3-week high vs yen

LONDON: The dollar hit a three-week high against the yen on Thursday, on course for a fourth straight day of gains after a strong ADP job number in the previous session broke 10-year US government bond yields out of a long-held range.

Published 09 Mar, 2017 02:00pm

Energy

UAE's ADNOC tells customers of crude supply cuts in March, April

DUBAI: Abu Dhabi National Oil Company (ADNOC) said on Thursday it has informed its customers of cuts in crude allocations for March and April.

Published 09 Mar, 2017 01:59pm

Cricket

PCB selects Akmal, Shehzad for training camp ahead of Windies series

Pakistan Cricket Board (PCB) Chief Selector Inzamam ul Haq announced the names of 31 players who would join the training camp for the upcoming tour of West Indies on Thursday.

Published 09 Mar, 2017 01:58pm

Middle East

Warplanes kill 7, injure 70 in Syria's Deir al-Zor

BEIRUT: Air strikes pounded a town in the eastern Syrian province of Deir al-Zor on Thursday, killing seven civilians and injuring more than 70 others, the Syrian Observatory for Human Rights said.

Published 09 Mar, 2017 01:56pm

Commodities

Brazil raises soy crop view to 107.6mn T; corn at 88.9mn T

SAO PAULO: Brazil's agricultural statistics agency Conab on Thursday raised to 107.

Published 09 Mar, 2017 01:55pm

Financial

STMicro shares slump on concerns over Apple supplies

PARIS: Shares in chipmaker STMicroelectronics slumped on Thursday, making them among the worst performers in Europe, on concerns that it could be late on supplying some components for Apple's next-generation smartphone.

Published 09 Mar, 2017 01:52pm

Industry

Statoil aims cut greenhouse gas emissions by 3mn tonnes by 2030

OSLO: Norway's Statoil set a goal on Thursday to cut its annual carbon dioxide emissions by three million tonnes by 2030 from 2017 levels and become more efficient as part of efforts to combat climate change.

Published 09 Mar, 2017 01:52pm

Money & Banking

Russia's VTB to recommend 2016 divs of 90pc of RAS profit

MOSCOW: The supervisory board of Russian bank VTB will recommend paying dividends of 90 percent of net profit according to Russian accounting standards for the bank's 2016 results, Deputy Finance Minister Alexei Moiseev said on Thursday.

Published 09 Mar, 2017 01:50pm

Industry

Emirates eyes changes amid gathering storm of low-cost long-haul rivals

BERLIN: Emirates, the world's largest long-haul airline, is stripping out costs from its business as it adapts to weaker markets and a stronger dollar and the rise of low-cost long-haul rivals, the carrier's president said on Thursday.

Published 09 Mar, 2017 01:48pm

Industry

Embraer sees sales down, profits up on cost controls

SAO PAULO: Brazil's Embraer SA expects surging operating profit this year despite a drop of as much as 10 percent in commercial jet deliveries, as the planemaker focuses on tight cost controls after a challenging 2016.

Published 09 Mar, 2017 01:32pm

Industry

Bayer, Monsanto start $2.5bn asset sale to get merger clearance

FRANKFURT: German drug and crop chemical maker Bayer and US seeds company Monsanto are launching asset sales worth roughly $2.

Published 09 Mar, 2017 01:27pm

Financial

Sri Lankan rupee ends firmer amid moral suasion

COLOMBO: The Sri Lankan rupee ended slightly firmer on Thursday as a state bank sold dollars amid moral suasion by the central bank after the local currency fell on importer greenback demand, dealers said.

Published 09 Mar, 2017 01:25pm

World Top News

Iran's Khamenei says economic progress limited despite lifting sanctions

ANKARA: Iran's supreme leader criticised the country's slow pace of economic recovery on Thursday despite the lifting of sanctions and called on President Hassan Rouhani's government to champion greater self-sufficiency, state TV reported.

Published 09 Mar, 2017 01:25pm

Financial

Average yield on Egypt's one year, six month T-bills drop at auction

CAIRO: Average yields on Egypt's one-year and six-month treasury bills dropped at an auction on Thursday, data from the central bank showed.

Published 09 Mar, 2017 01:22pm

Energy

US crude oil slumps below $50 after stocks build

LONDON: Oil prices fell more than 2 percent on Thursday, extending the biggest falls this year as record US crude inventories kept sentiment weak, pointing to a global glut despite supply cuts.

Published 09 Mar, 2017 01:20pm

Asia

Philippines' Duterte pleads with mayors to stop extremists, threatens martial law

MANILA: Philippine President Rodrigo Duterte on Thursday pleaded for help from mayors in Muslim parts of the south to deal with militants, and threatened to impose martial law there if the problem is not tackled.

Published 09 Mar, 2017 01:19pm

Money & Banking

ECB sticks to massive stimulus ahead of high-risk votes

FRANKFURT: The European Central Bank pledged on Thursday to keep its aggressive stimulus policy at least until the end of the year, maintaining its support for the economy as anti-euro sentiment rises before elections in France and the Netherlands.

Published 09 Mar, 2017 01:00pm

Pakistan

IAEA approves Pakistan's request for application of safeguards for K-2, K-3

%D%ARECORDER REPORT %D%AISLAMABAD: The International Atomic Energy Agency (IAEA) on Wednesday approved Pakistan's request for the application of safeguards for Nuclear Power Plant Units Karachi-2 and Karachi-3, Foreign Office said.

Published 09 Mar, 2017 12:51pm

Cricket

India's Gavaskar slams ICC for no action against Australias Smith

NEW DELHI: Former India captain Sunil Gavaskar has criticised the International Cricket Council (ICC) for not taking any action against Australia captain Steve Smith over a decision review controversy in this week's Bengaluru test.

Published 09 Mar, 2017 12:27pm

Front Top News

Ministry asked to place names of bloggers on ECL over 'blasphemous' content

%D%ANUZHAT NAZAR %D%AISLAMABAD: The Islamabad High Court (IHC) has directed the Ministry of Interior to place the names of all bloggers on the Exit Control List (ECL), who allegedly uploaded alleged blasphemous contents on social media.

Published 09 Mar, 2017 11:59am

Cricket

SRK's Knight Riders deny reports of series with Peshawar Zalmi

The Indian Premier League (IPL) franchise, Kolkata Knight Riders has rejected reports that the franchise owner Shahrukh Khan has offered to hold a three-match series with Pakistan Super League (PSL) champions Peshawar Zalmi on Thursday.

Published 09 Mar, 2017 11:32am

Pakistan Top News

RECORDER REPORT: PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Thursday having 49392.

Published 09 Mar, 2017 11:01am

Technology

Pakistan to introduce local version of Facebook, Twitter, Whatsapp

ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan has directed that a comprehensive strategy be prepared within three days to curb character assassinations through social media.

Updated 09 Mar, 2017 11:00am

Pakistan Top News

PTI's Murad Saeed punches PML-N leader in defence of 'Phateechar' comment

Pakistan Tehreek-e-Insaf (PTI) lawmaker Murad Saeed punched Pakistan Muslim League-Nawaz (PML-N) leader Javed Latif outside the Parliament lobby on Thursday, after the PML-N leader allegedly called PTI chief Imran Khan a "traitor" during the assembly.

Published 09 Mar, 2017 10:40am

Technology

Aboriginal Australians, the oldest natives of the land

DNA extractions of hair samples collected from Aboriginal diaspora across Australia during the early to mid 1900s has just unveiled that population present in the region of Australia has had the same lineage descendancy for the last 50,000 years. %D%A%D%A

Published 09 Mar, 2017 10:36am

Featured Photos

Out Of The Way by Elena Anosova

Photo Credit : Elena Anosova%D%AOriginally hailing from the picturesque region of Baikal, artist Elena Anosova (born in 1983) is currently based in Moscow and Irkutsk.

Published 09 Mar, 2017 10:32am

Industry

Shell sells Canadian oil sands, ties bonuses to emissions cuts

LONDON: Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $8.

Published 09 Mar, 2017 10:29am

Managed Funds

German-US bond yield spread near 8-week high before ECB meeting

LONDON: The gap between German and US government bond yields held near eight-week highs as investors awaited news from Thursday's ECB meeting, which is expected to highlight the monetary policy divergence between the two regions.

Published 09 Mar, 2017 10:28am

Financial

Stocks hit for six as dominant dollar holds gains

LONDON: World shares chalked up their longest losing streak in well over a year on Thursday as bets on rising U.

Published 09 Mar, 2017 10:20am

Featured Photos

Rhino Wars by Brent Stirton

Photo Credit: Brent Stirton%Drent Stirton is the senior correspondent for Getty Images and Verbatim Photo.

Published 09 Mar, 2017 10:18am

Pakistan Top News

Extension of military courts imperative to address issue of terrorism: Dar

ISLAMABAD: Finance Minister Ishaq Dar has said that extension of military courts for the period of two years is imperative to address the issue of terrorism in the country.

Published 09 Mar, 2017 10:17am

Business & Economy

Rs15.6bn being invested in Pakistan's SME sector

ISLAMABAD: The US government is investing Rs 15.

Published 09 Mar, 2017 10:14am

Featured Photos

Sweat Makes Champions by Wang Tiejun

Photo Credit: Wang Tiejun%D%AWang Tiejun was born in 1964 in Xuzhou, Jiangsu, China.

Published 09 Mar, 2017 10:12am

Pakistan

PM briefed on Hajj arrangements; directs

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Thursday directed the Ministry of Religious Affairs and Interfaith Harmony to further improve the arrangements for Hajj 2017 by taking initiatives for ensuring better facilities at the minimum possible cost.

Published 09 Mar, 2017 10:08am

General News

Pakistan condemns Kabul hospital attack

ISLAMABAD: Pakistan strongly condemns the terrorist attack on a hospital in Kabul on Wednesday, resulting in the loss of many precious lives and injuring several others.

Published 09 Mar, 2017 09:52am

Featured Photos

Grand National Steeplechase by Tom Jenkins

Photo Credit: Tom Jenkins%D%ATom Jenkins studied documentary photography under Magnum photographer David Hurn in Newport, South Wales, UK.

Published 09 Mar, 2017 09:46am

Technology

Cave discovered to be Knights Templar Church

A seemingly ordinary rabbit hole that turned to be the entrance to the caves of the infamous Knights Templar order has just been discovered under the house of a local English farmer.%D%A

Published 09 Mar, 2017 09:27am

Featured Photos

Rio's Golden Smile by Kai Oliver Pfaffenbach

Photo Courtesy: Kai Oliver Pfaffenbach%D%AKai Oliver Pfaffenbach, born 1970 in Hanau has worked for Reuters News Agency for more than 20 years.

Published 09 Mar, 2017 09:21am

Cricket

Zalmi's Malan defied mom to attend PSL final

Pakistan Super League (PSL) turned out to be a cracker of a tournament, with thrilling contests among the five franchises fighting for the PSL trophy.

Published 09 Mar, 2017 09:11am

Life & Style

'World's heaviest woman' has surgery in India, loses 100 kgs

MUMBAI: Indian doctors said Thursday that an Egyptian who was believed to be the world's heaviest woman had successfully undergone weight-loss surgery after losing over 100 kilograms (220 pounds).

Published 09 Mar, 2017 09:08am

Featured Photos

The Dive by Cameron Spencer

Photo Courtesy: Cameron Spencer%Dameron is an Australian staff photographer for Getty Images based in Sydney, Australia, that specializes in photographing sport and portraiture.

Published 09 Mar, 2017 09:07am

Europe

Germany must not let Turkey 'grow more distant': Merkel

BERLIN: Chancellor Angela Merkel said Thursday that Germany must not allow Turkey to "grow more distant", despite a bitter row in which President Recep Tayyip Erdogan has likened her government to the Nazis.

Published 09 Mar, 2017 09:03am

Financial

Dollar firm in Asia, resource shares on the run

SYDNEY: The dollar stood firm in Asia on Thursday and bond yields spiked after super-strong U.

Published 09 Mar, 2017 08:32am

Commodities

Palm oil dips on mixed forecasts, weaker soy

KUALA LUMPUR: Malaysian palm oil futures slipped on Thursday on a weaker performing soyoil, and as leading analysts presented mixed forecasts at an industry conference earlier this week.

Published 09 Mar, 2017 08:21am

Financial

Sri Lankan rupee weaker on importer dollar demand

COLOMBO: The Sri Lankan rupee traded weaker on Thursday due to rising importer dollar demand and a lack of greenback sales by exporters, dealers said after the International Monetary Fund urged the country's central bank to rebuild foreign reserves while

Published 09 Mar, 2017 08:19am

Energy

Oil prices rise on output cuts, but US stockpiles drag

SEOUL: Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with touted international production cuts, although a surge in U.

Published 09 Mar, 2017 08:13am

Financial

London copper sinks to seven-week low on dollar, Escondida talks

MELBOURNE: London copper fell on Thursday after solid U.

Published 09 Mar, 2017 08:12am

Financial

Tokyo's Nikkei index snaps four-day losing streak

TOKYO: Tokyo' stocks snapped a four-day losing streak Thursday as exporters got a lift from the cheaper yen, but Toshiba dived on news its troubled US nuclear unit could be headed for bankruptcy.

Published 09 Mar, 2017 07:53am

Financial

Energy firms lead Asia markets down after oil plunge, dollar up

HONG KONG: Energy firms led a broad sell-off in Asian markets Thursday following a five percent plunge in oil prices, but the dollar held on to gains after a surprisingly strong US jobs report.

Published 09 Mar, 2017 07:47am

Pakistan Top News

RECORDER REPORT-PSX mid day update

KARACHI: On Thursday, until mid day, KSE-100 Index was at 49767.

Published 09 Mar, 2017 07:27am

Football

Barca hit PSG for six, shatters record books

BARCELONA: Sergi Roberto scored in the fifth minute of stoppage time as Barcelona capped a sensational Champions League fightback to thrash Paris Saint-Germain 6-1 and reach the quarter-finals on Wednesday.

Published 09 Mar, 2017 07:12am

Top News

Govt disburses Rs301.7bn agri credit during H1 2016-17

FAZAL SHER %D%AISLAMABAD: The government has disbursed Rs 301.

Published 09 Mar, 2017 06:43am

Cricket

SRK offers PSL Champion Zalmi to play against Knight Riders

Shahrukh Khan, the Bollywood superstar has suggested organizing a match between Pakistan Super League (PSL) champion Peshawar Zalmi and his Indian Premier League (IPL) franchise Kolkata Knight Riders (KKR) at a neutral venue.

Published 09 Mar, 2017 06:33am

Miscellaneous

How to save the market from poor disclosures

Earlier this week, Sazgar Engineering sent out a notice to Pakistan Stock Exchange (PSX).

Published 09 Mar, 2017 06:24am

Pharmaceuticals

Cement's race: No finish line

If you read our last story on the subject in January, our tally for cement expansions stood somewhere between 23-25 million tons.

Published 09 Mar, 2017 06:24am

Miscellaneous

Macroeconomic (in)stability

The macroeconomic stability achieved in the last two years or so has been challenged lately.

Published 09 Mar, 2017 06:23am

Miscellaneous

Accounting for water

Water is not only for life water is life.

Published 09 Mar, 2017 06:23am

North America

Trump takes risk in targeting critical Republican

WASHINGTON: President Donald Trump took aim at a fellow Republican who opposes his healthcare reform plan Wednesday, in a bid to squash dissent that presents a major test to his presidential punch.

Published 09 Mar, 2017 06:11am

Cricket

New Zealand 177-3 in reply to South Africa's 308

DUNEDIN: New Zealand were 177 for three in reply to South Africa's first innings 308 at stumps on day two of the first Test in Dunedin on Thursday.

Published 09 Mar, 2017 06:10am

Front Top News

US Marines deploy artillery battery to Syria

The United States has sent a Marine Corps artillery battery into Syria to help defeat the Islamic State group in Raqa, the capital of their supposed caliphate, a US official said Wednesday.%D%A

Published 09 Mar, 2017 06:10am

World Top News

IS leader al-Baghdadi has fled Mosul: US official

Islamic State leader Abu Bakr al-Baghdadi has fled Mosul and has apparently delegated tactical control of the battle for the city to local commanders, a US defense official said Wednesday.%D%A

Published 09 Mar, 2017 06:06am

Business & Economy

TCP issues fresh tender for supply of rice to Sri Lanka

RIZWAN BHATTI%D%AKARACHI: The Trading Corporation of Pakistan (TCP) has issued fresh tender for procurement of 5,000 tons Long Grain White Rice (IRRI-6) for export to Sri Lanka.

Published 09 Mar, 2017 06:02am

Pakistan

Exchange of info with OECD states: FBR to place safeguards to ensure confidentiality of data

SOHAIL SARFRAZ%D%AISLAMABAD: The Federal Board of Revenue (FBR) will place safeguard measures to ensure confidentiality of data including cross-matching and monitoring of the information received under exchange of information with OECD member countries.

Published 09 Mar, 2017 05:46am

Thailand seizes ivory haul from Malawi

Thailand has seized more than 300 kilogrammes of ivory from Malawi on flights into Bangkok's main airport, authorities announced Tuesday, underscoring the country's continued role as a regional smuggling hub. The latest haul of some 422 pieces of elephant