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Archive - 2017-12-03
Remove the misconceptions on CPEC
Exchange

Remove the misconceptions on CPEC

The China Pakistan Economic Corridor (CPEC) has been a subject of controversy and misgivings since its inception, notwithstanding the fact that it offers tremendous and equal business and strategic opportunities to China and Pakistan. While the opportunit
Updated 04 Dec, 2017 09:18am
Iran inaugurates new Indian Ocean port
Front Top News

Iran inaugurates new Indian Ocean port

TEHRAN: Iran inaugurated a long-awaited new port at Chabahar in the southeast Sunday, which it is hoped will be a major
Published 03 Dec, 2017 06:15pm
After hot debate, US tax bill a boon to businesses

After hot debate, US tax bill a boon to businesses

Is it a giveaway to the rich or a relief for the middle class? A boon for business or unnecessary stimulus for an economyy already at full employment? The sweeping tax reform package adopted by a slim margin of 51-49 early Saturday by the Republican-contr
Published 03 Dec, 2017 12:00am
After hot debate, US tax bill a boon to businesses

After hot debate, US tax bill a boon to businesses

Is it a giveaway to the rich or a relief for the middle class? A boon for business or unnecessary stimulus for an economyy already at full employment? The sweeping tax reform package adopted by a slim margin of 51-49 early Saturday by the Republican-contr
Published 03 Dec, 2017 12:00am
After hot debate, US tax bill a boon to businesses

After hot debate, US tax bill a boon to businesses

Is it a giveaway to the rich or a relief for the middle class? A boon for business or unnecessary stimulus for an economyy already at full employment? The sweeping tax reform package adopted by a slim margin of 51-49 early Saturday by the Republican-contr
Published 03 Dec, 2017 12:00am
Rs 279.42 billion released under PSDP

Rs 279.42 billion released under PSDP

The government has released Rs 279.42 billion (27.91 percent) for different development projects under Public Sector Development Programme (PSDP) 2017-18 against total budgeted allocation of Rs 1,001 billion.
Published 03 Dec, 2017 12:00am
Rs 279.42 billion released under PSDP

Rs 279.42 billion released under PSDP

The government has released Rs 279.42 billion (27.91 percent) for different development projects under Public Sector Development Programme (PSDP) 2017-18 against total budgeted allocation of Rs 1,001 billion.
Published 03 Dec, 2017 12:00am
Rs 279.42 billion released under PSDP

Rs 279.42 billion released under PSDP

The government has released Rs 279.42 billion (27.91 percent) for different development projects under Public Sector Development Programme (PSDP) 2017-18 against total budgeted allocation of Rs 1,001 billion.
Published 03 Dec, 2017 12:00am
Economic zones: NA panel for facilitating foreign investors

Economic zones: NA panel for facilitating foreign investors

The National Assembly's Standing Committee on Finance has recommended that the Board of Investment (BoI) should facilitate foreign investors for development of the Special Economic Zones (SEZs) under the umbrella of China-Pakistan Economic Corridor. Accor
Published 03 Dec, 2017 12:00am
Economic zones: NA panel for facilitating foreign investors

Economic zones: NA panel for facilitating foreign investors

The National Assembly's Standing Committee on Finance has recommended that the Board of Investment (BoI) should facilitate foreign investors for development of the Special Economic Zones (SEZs) under the umbrella of China-Pakistan Economic Corridor. Accor
Published 03 Dec, 2017 12:00am
Economic zones: NA panel for facilitating foreign investors

Economic zones: NA panel for facilitating foreign investors

The National Assembly''s Standing Committee on Finance has recommended that the Board of Investment (BoI) should facilitate foreign investors for development of the Special Economic Zones (SEZs) under the umbrella of China-Pakistan Economic Corridor. Acco
Published 03 Dec, 2017 12:00am
Pakistan was unaware of bin Laden's presence: Obama

Pakistan was unaware of bin Laden's presence: Obama

Almost six years after infamous US raid on Pakistan soil that killed al-Qaeda chief Osama bin Laden, former US president Barack Obama underlines that Pakistan was not aware of bin Laden's presence in Abbottabad. Addressing the second day of the 15th editi
Published 03 Dec, 2017 12:00am
Pakistan was unaware of bin Laden's presence: Obama

Pakistan was unaware of bin Laden's presence: Obama

Almost six years after infamous US raid on Pakistan soil that killed al-Qaeda chief Osama bin Laden, former US president Barack Obama underlines that Pakistan was not aware of bin Laden's presence in Abbottabad. Addressing the second day of the 15th editi
Published 03 Dec, 2017 12:00am
Pakistan, Russia cover a lot of ground
Exchange

Pakistan, Russia cover a lot of ground

Pakistan and the Russian Federation Thursday agreed to forge a long-term and multidimensional partnership between the two countries. It was agreed during a bilateral meeting between Prime Minister Shahid Khaqan Abbasi and Prime Minister of the Russian Fed
Published 03 Dec, 2017 12:00am
Pakistan, Russia cover a lot of ground
Exchange

Pakistan, Russia cover a lot of ground

Pakistan and the Russian Federation Thursday agreed to forge a long-term and multidimensional partnership between the two countries. It was agreed during a bilateral meeting between Prime Minister Shahid Khaqan Abbasi and Prime Minister of the Russian Fed
Published 03 Dec, 2017 12:00am
SCO countries agree to boost connectivity

SCO countries agree to boost connectivity

The member states of Shanghai Cooperation Organization have expressed the determination to shape the organization into the most effective forum under the umbrella of common goals of closely knitted road, rail, and communication networks crossing huge swat
Published 03 Dec, 2017 12:00am
SCO countries agree to boost connectivity

SCO countries agree to boost connectivity

The member states of Shanghai Cooperation Organization have expressed the determination to shape the organization into the most effective forum under the umbrella of common goals of closely knitted road, rail, and communication networks crossing huge swat
Published 03 Dec, 2017 12:00am
SCO countries agree to boost connectivity

SCO countries agree to boost connectivity

The member states of Shanghai Cooperation Organization have expressed the determination to shape the organization into the most effective forum under the umbrella of common goals of closely knitted road, rail, and communication networks crossing huge swat
Published 03 Dec, 2017 12:00am
Sacrifices have strengthened determination: CoAS

Sacrifices have strengthened determination: CoAS

Chief of Army Staff (CoAS) General Qamar Javed Bajwa has said that the supreme sacrifices rendered by our Officers and Jawans in the line of duty have strengthened our national will and determination. According to Inter Service Public Relations (ISPR), Ar
Published 03 Dec, 2017 12:00am
Tax returns date extended to December 15

Tax returns date extended to December 15

The Federal Board of Revenue (FBR) has extended the date of filing of returns and statements for the tax year 2017 upto December 2017. According to FBR notification issued here, the date of filing of returns of total income and statements of final taxatio
Published 03 Dec, 2017 12:00am
Tax returns date extended to December 15

Tax returns date extended to December 15

The Federal Board of Revenue (FBR) has extended the date of filing of returns and statements for the tax year 2017 upto December 2017. According to FBR notification issued here, the date of filing of returns of total income and statements of final taxatio
Published 03 Dec, 2017 12:00am
Tax returns date extended to December 15

Tax returns date extended to December 15

The Federal Board of Revenue (FBR) has extended the date of filing of returns and statements for the tax year 2017 upto December 2017. According to FBR notification issued here, the date of filing of returns of total income and statements of final taxatio
Published 03 Dec, 2017 12:00am
India, Sri Lanka cyclone death toll rises to 26

India, Sri Lanka cyclone death toll rises to 26

Thousands took to relief camps in Sri Lanka and southern India on Saturday to escape rising floodwaters after a cyclone killed at least 26 people. Cyclone Ockhi has left 13 people dead in Sri Lanka and killed an equal number in India's Kerala and Tamil Na
Published 03 Dec, 2017 12:00am
India, Sri Lanka cyclone death toll rises to 26

India, Sri Lanka cyclone death toll rises to 26

Thousands took to relief camps in Sri Lanka and southern India on Saturday to escape rising floodwaters after a cyclone killed at least 26 people. Cyclone Ockhi has left 13 people dead in Sri Lanka and killed an equal number in India's Kerala and Tamil Na
Published 03 Dec, 2017 12:00am
November Consumer Confidence Index down 5.9 percent MoM

November Consumer Confidence Index down 5.9 percent MoM

Overall Consumer Confidence Index (CCI) decreased by 5.91 percent to reach 47.3 (Diffusion Index) during November 2017 compared to 50.3 in September 2017. According to Consumer Confidence Survey, conducted by the Institute of Business Administration (IBA)
Published 03 Dec, 2017 12:00am
November Consumer Confidence Index down 5.9 percent MoM

November Consumer Confidence Index down 5.9 percent MoM

Overall Consumer Confidence Index (CCI) decreased by 5.91 percent to reach 47.3 (Diffusion Index) during November 2017 compared to 50.3 in September 2017. According to Consumer Confidence Survey, conducted by the Institute of Business Administration (IBA)
Published 03 Dec, 2017 12:00am
November Consumer Confidence Index down 5.9 percent MoM

November Consumer Confidence Index down 5.9 percent MoM

Overall Consumer Confidence Index (CCI) decreased by 5.91 percent to reach 47.3 (Diffusion Index) during November 2017 compared to 50.3 in September 2017. According to Consumer Confidence Survey, conducted by the Institute of Business Administration (IBA)
Published 03 Dec, 2017 12:00am
Erdogan says Turkey cannot be 'condemned by courts' in US

Erdogan says Turkey cannot be 'condemned by courts' in US

President Recep Tayyip Erdogan on Saturday said Turkey could never be "condemned by virtual courts" in the US after he was implicated in a scheme allegedly designed to subvert US sanctions on Iran during a trial in New York. Turkish-Iranian gold trader Re
Published 03 Dec, 2017 12:00am
Erdogan says Turkey cannot be 'condemned by courts' in US

Erdogan says Turkey cannot be 'condemned by courts' in US

President Recep Tayyip Erdogan on Saturday said Turkey could never be "condemned by virtual courts" in the US after he was implicated in a scheme allegedly designed to subvert US sanctions on Iran during a trial in New York. Turkish-Iranian gold trader Re
Published 03 Dec, 2017 12:00am
Janjua confirms backdoor diplomacy with India

Janjua confirms backdoor diplomacy with India

Pakistan has been conducting backdoor diplomacy with the arch-rival India in a bid to resolve the issues and release tensions through talks, confirmed the National Security Advisor. Talking to media on Friday, General (retd) Nasir Janjua said India has to
Published 03 Dec, 2017 12:00am
Janjua confirms backdoor diplomacy with India

Janjua confirms backdoor diplomacy with India

Pakistan has been conducting backdoor diplomacy with the arch-rival India in a bid to resolve the issues and release tensions through talks, confirmed the National Security Advisor. Talking to media on Friday, General (retd) Nasir Janjua said India has to
Published 03 Dec, 2017 12:00am
Iran, Pakistan discuss banking, energy ties

Iran, Pakistan discuss banking, energy ties

Iranian Foreign Minister Mohammad Javad Zarif and his Pakistani counterpart Khawaja Muhammad Asif have discussed issues of mutual interest in the Azerbaijani capital of Baku. During the Friday talks, the two sides discussed bilateral relations, especially
Published 03 Dec, 2017 12:00am
Iran, Pakistan discuss banking, energy ties

Iran, Pakistan discuss banking, energy ties

Iranian Foreign Minister Mohammad Javad Zarif and his Pakistani counterpart Khawaja Muhammad Asif have discussed issues of mutual interest in the Azerbaijani capital of Baku. During the Friday talks, the two sides discussed bilateral relations, especially
Published 03 Dec, 2017 12:00am
Yemen rebel alliance unravels as strongman turns to Saudis

Yemen rebel alliance unravels as strongman turns to Saudis

The rebel alliance controlling Yemen's capital appeared to crumble Saturday as a strongman opposed to the internationally recognised government reached out to a Saudi-led coalition fighting the insurgents. The rift within rebel ranks erupted into violence
Published 03 Dec, 2017 12:00am
Yemen rebel alliance unravels as strongman turns to Saudis

Yemen rebel alliance unravels as strongman turns to Saudis

The rebel alliance controlling Yemen's capital appeared to crumble Saturday as a strongman opposed to the internationally recognised government reached out to a Saudi-led coalition fighting the insurgents. The rift within rebel ranks erupted into violence
Published 03 Dec, 2017 12:00am
Three references: Nawaz challenges SC decision

Three references: Nawaz challenges SC decision

Deposed Prime Minister Mian Nawaz Sharif on Saturday challenged Supreme Court's decision that dismissed his plea for clubbing of three references filed by the top anti-graft body against the Sharif family in pursuance of the apex court's verdict in Panama
Published 03 Dec, 2017 12:00am
Three references: Nawaz challenges SC decision

Three references: Nawaz challenges SC decision

Deposed Prime Minister Mian Nawaz Sharif on Saturday challenged Supreme Court's decision that dismissed his plea for clubbing of three references filed by the top anti-graft body against the Sharif family in pursuance of the apex court's verdict in Panama
Published 03 Dec, 2017 12:00am
Former MQM leader Saleem Shahzad too will form party

Former MQM leader Saleem Shahzad too will form party

Former senior leader of Muttahida Qaumi Movement (MQM) Saleem Shahzad on Saturday announced to set a new political party to contest upcoming General Elections 2018. Talking to press outside the City Court, the erstwhile MQM leader unveiled his intention o
Published 03 Dec, 2017 12:00am
Former MQM leader Saleem Shahzad too will form party

Former MQM leader Saleem Shahzad too will form party

Former senior leader of Muttahida Qaumi Movement (MQM) Saleem Shahzad on Saturday announced to set a new political party to contest upcoming General Elections 2018. Talking to press outside the City Court, the erstwhile MQM leader unveiled his intention o
Published 03 Dec, 2017 12:00am
Trump shrugs off Flynn guilty plea

Trump shrugs off Flynn guilty plea

US President Donald Trump on Saturday shrugged off the bombshell news that his former national security adviser has pleaded guilty to lying to the FBI and will cooperate with a special prosecutor leading a probe into Russian election meddling. As the Russ
Published 03 Dec, 2017 12:00am
Trump shrugs off Flynn guilty plea

Trump shrugs off Flynn guilty plea

US President Donald Trump on Saturday shrugged off the bombshell news that his former national security adviser has pleaded guilty to lying to the FBI and will cooperate with a special prosecutor leading a probe into Russian election meddling. As the Russ
Published 03 Dec, 2017 12:00am
Pakistan has gone two extra miles

Pakistan has gone two extra miles

Two key developments in relation to issue related of RAW agent Kulbhushan Jadhav, which have taken New Delhi by complete surprise. First, it was his conviction and confirmation of death sentence by army chief General Qamar Javed Bajwa in April, provoking
Published 03 Dec, 2017 12:00am
In terrorism's crosshairs

In terrorism's crosshairs

Just hours after the massacre of Friday worshippers in a mosque on November 24, President Sisi was telling Egyptians in a televised address that the army and police will "avenge our martyrs and return security and safety with force in the coming short per
Published 03 Dec, 2017 12:00am
Some thoughts on improving global financial governance
Currency

Some thoughts on improving global financial governance

Globalization has recently come under attack for having given rise to excessive nationalism and protectionism. Excessive nationalism and protectionism carry the potential to hamper global economic recovery. For this reason, the subject of global financial
Published 03 Dec, 2017 12:00am
Fear in London as acid attacks soar

Fear in London as acid attacks soar

Delivery rider Jabed Hussain was waiting at a traffic light one night in east London when two attackers sprayed acid in his face and stole his moped. It was one of hundreds of attacks in the British capital every year that have prompted government interve
Published 03 Dec, 2017 12:00am
We need to work harder

We need to work harder

That the China Pakistan Economic Corridor (CPEC) has begun to accrue benefits to the country is a fact that has found its best expression in the remarks of country's deputy chairman of Planning Commission Sartaj Aziz's words. Sartaj Aziz who has previousl
Published 03 Dec, 2017 12:00am
Customs values of viscose suiting fabrics revised

Customs values of viscose suiting fabrics revised

Directorate General Customs Valuation (DGCV) has revised the customs values of viscose suiting fabrics under section 25(7) of the Customs Act, 1969. According to details, the existing valuation ruling was about two years old therefore there was a need to
Published 03 Dec, 2017 12:00am
Farmers of rain-crop areas asked to avail moisture

Farmers of rain-crop areas asked to avail moisture

The Met Office on Saturday asked the farmers of rain-crop areas to take a full advantage of soil moisture left from recent rains for Rabi crops. It said that farmers of the rain-crop areas should utilize the dampness in soil for Rabi cultivation. It said
Published 03 Dec, 2017 12:00am
Collective efforts needed for girls' education in Sindh: speakers

Collective efforts needed for girls' education in Sindh: speakers

Without girls education development cannot be been seen in its origin form, collective efforts are needed for the girl's education in Sindh. This was discussed by the participants of girls education festival held at Tando Muhammad Khan city with the title
Published 03 Dec, 2017 12:00am
Karachiites celebrate Eid Milad-un-Nabi with religious fervour

Karachiites celebrate Eid Milad-un-Nabi with religious fervour

Thousands of devotees celebrated the Eid Milad-un-Nabi with zeal and fervour across the city amid foolproof security as the cellular network remained suspended. Rallies and processions were taken out in various parts of the city, where the religious schol
Published 03 Dec, 2017 12:00am
Mehfil-e-Milad held at various units of PN

Mehfil-e-Milad held at various units of PN

Pakistan Navy celebrated Eid-e-Milad-Un-Nabi with religious zest and fervour. All units and ships of Pakistan Navy were illuminated to mark Milad Day of the Prophet, Hazrat Muhammad (Peace Be Upon Him). Special prayers were offered at all Naval mosques in
Published 03 Dec, 2017 12:00am
46th National Day President, PM felicitate UAE counterparts

46th National Day President, PM felicitate UAE counterparts

On the auspicious occasion of the 46th National day of United Arab Emirates, the President and the Prime of Pakistan conveyed warmest felicitations on behalf of government and people of Pakistan to Sheikh Khalifa bin Zayed Al Nahyan and Sheikh Mohammad bi
Published 03 Dec, 2017 12:00am
892 awarded degrees at IBA convocation

892 awarded degrees at IBA convocation

As many as 892 students were conferred degrees at the 2017 convocation ceremony of the Institute of Business Administration (IBA) at its main campus in the University Enclave on Saturday. The graduating batch also comprised the first group of Social Scien
Published 03 Dec, 2017 12:00am
QWP KP chief voices concern over increasing terror attacks

QWP KP chief voices concern over increasing terror attacks

Qaumi Watan Party (QWP) Provincial Chairman Sikandar Hayat Khan Sherpao has expressed concerns over the rapid increase in terrorism activities in KP and asked the provincial government to take appropriated measures in this regards. He said that due to the
Published 03 Dec, 2017 12:00am
Chinese businessmen keen to have JVs with Pakistan: Adven Zhu

Chinese businessmen keen to have JVs with Pakistan: Adven Zhu

The Chinese entrepreneurs on Saturday have expressed their desire to enter into joint ventures and investment in Pakistan in areas of their interest. The delegation of Chinese entrepreneurs led by Adven Zhu, Managing Director, Suzhou China Aviation Techno
Published 03 Dec, 2017 12:00am
Culture day to be celebrated in Sindh today

Culture day to be celebrated in Sindh today

All is set to celebrate culture day in Sindh today to promote the centuries old culture of the province. Political, social, religious, governmental, non-governmental and literary organizations have chalked out various programs to celebrate the day in befi
Published 03 Dec, 2017 12:00am
APBF moot on 'Economy, skilled workforce' opens tomorrow

APBF moot on 'Economy, skilled workforce' opens tomorrow

The All Pakistan Business Forum is organizing a high level conference titled "Pakistan at crossroads; Economy, Skilled Workforce Development, Country Narrative - How to refresh" on Monday December 4. The conference is aimed at setting up a roadmap and com
Published 03 Dec, 2017 12:00am
Eid-e-Milad-un-Nabi celebrated with religious fervour in IHK

Eid-e-Milad-un-Nabi celebrated with religious fervour in IHK

Thousands of devotees thronged mosques, shrines and Khanqahs, Friday, to observe the Eid-e-Milad-un-Nabi (SAW) with religious zeal and fervour. The devotees took out Milad processions after Juma prayers raising high-pitched pro-freedom and anti-India slog
Published 03 Dec, 2017 12:00am
Abbasi meets Kyrgyzstan's PM Sapar Isakov
Exchange

Abbasi meets Kyrgyzstan's PM Sapar Isakov

Prime Minister Shahid Khaqan Abbasi held a bilateral meeting with Prime Minister of the Republic of Kyrgyzstan Sapar Isakov in Sochi (Russia). Prime Minister congratulated Isakov on assumption of office as Prime Minister of Kyrgyzstan recently and express
Published 03 Dec, 2017 12:00am
Khattak lauds performance of police officials

Khattak lauds performance of police officials

The Chief Minister of Khyber Pakhtunkhawa, Pervez Khattak has appreciated the performance of police in operation against terrorists during attack on Directorate of Agriculture and battled with bravery to kill the terrorist. Presiding over a high-level mee
Published 03 Dec, 2017 12:00am
Afghan soil used for terrorist attack in Peshawar: DG ISPR

Afghan soil used for terrorist attack in Peshawar: DG ISPR

Director General of the Inter-Services Public Relations, Major General Asif Ghafoor has said that Afghan soil was used for terrorist attack in Peshawar. Talking to a private television channel, he told that TTP terrorists were in contact with their leader
Published 03 Dec, 2017 12:00am
Deadly Cyclone Ochki poses no threat to Karachi: Met Office

Deadly Cyclone Ochki poses no threat to Karachi: Met Office

Pakistan Meteorological Department (PMD) has cleared on Saturday that coastal areas of Karachi are safe and there is no storm threat to Sindh after Cyclone Ochki hit Sri Lanka and India killing at least 26 people. However, an alert was issued by the depar
Published 03 Dec, 2017 12:00am
Illegal trade of weapons: Rangers nab three police officials

Illegal trade of weapons: Rangers nab three police officials

Three police officials were among eight arrested as the Sindh Rangers and police on Saturday busted a gang in Karachi involved in the creation of fake arms and driver's licenses, degrees, and the selling of counterfeit weapons. The Rangers and police rece
Published 03 Dec, 2017 12:00am
DMC-Korangi seeks action against 17 illegal marriage lawns

DMC-Korangi seeks action against 17 illegal marriage lawns

The District Municipal Corporation in Korangi area of Karachi has sought action against seventeen illegal marriage lawns in the area. In this regard, the Chairman of Municipal Corporation has forwarded a letter to the Director General of Karachi Developme
Published 03 Dec, 2017 12:00am
Jhagra for expediting pace of Fata reforms

Jhagra for expediting pace of Fata reforms

Khyber Pakhtunkhwa Governor, Iqbal Zafar Jhagra has directed the concerned authorities of FATA Secretariat to accelerate the pace of the implementation of FATA reforms in light of the steps taken by the government in this regard. He issued these directive
Published 03 Dec, 2017 12:00am
Peshawar Agriculture Directorate remains closed after attack

Peshawar Agriculture Directorate remains closed after attack

The Agriculture Directorate in Peshawar has been indefinitely closed after five burqa-clad terrorists stormed the building and resorted to intermittent firing on on Friday which killed at least nine and injured 38 persons. An FIR has been lodged against t
Published 03 Dec, 2017 12:00am
Pak-Russia partnership to open new avenues of progress: Dastgir

Pak-Russia partnership to open new avenues of progress: Dastgir

Minister for Defence Khurram Dastgir Khan has said that Pak-Russia partnership is strengthening positively and will open new avenues of progress for both the nations. While concluding the 5th Pak-Russia Inter-Governmental Commission (IGC) in Moscow, Dastg
Published 03 Dec, 2017 12:00am
Pakistan made great strides in fight against terrorism: Aizaz
Exchange

Pakistan made great strides in fight against terrorism: Aizaz

Pakistan's Ambassador to the United States Aizaz Ahmad Chaudhry has said that Pakistan has made great strides in the fight against terrorism by driving out militant groups from the country. The Ambassador, who is meeting US Congressional leaders as part o
Published 03 Dec, 2017 12:00am
Entire nation determined to eradicate menace of terrorism: Mamnoon

Entire nation determined to eradicate menace of terrorism: Mamnoon

President Mamnoon Hussain on Saturday called upon the intelligentsia of the country to join their heads to build a national counter-terrorism narrative as extremism was a cancer imperilling the national development and stability. Addressing the annual Int
Published 03 Dec, 2017 12:00am
British HC hosts photo expo

British HC hosts photo expo

British High Commissioner Thomas Drew accompanied visited the Centaurus Mall to host the photo exhibition commemorating the 70th anniversary of Pakistan and United Kingdom's relationship along with reviving the long lasting relationship of two nations. Pr
Published 03 Dec, 2017 12:00am
PPP emphasises need for implementing NAP

PPP emphasises need for implementing NAP

Condemning the terrorists attack on agriculture institute in Peshawar, Pakistan People's Party (PPP) has demanded the implementation of National Action Plan (NAP) with its true letter and spirit to complete wipeout scourge of terrorism across the country.
Published 03 Dec, 2017 12:00am
250 journalists participate in second 'Sport Journalists' Congress'

250 journalists participate in second 'Sport Journalists' Congress'

The Afghanistan Sport Journalists Federation (ASJF) held its second annual national Sport Journalists' Congress in the International Center of Media and Information of the government with a record 250 sports journalists from around 34 provinces turned up.
Published 03 Dec, 2017 12:00am
Eid Milad-un-Nabi celebrated with religious zeal across KP, Fata

Eid Milad-un-Nabi celebrated with religious zeal across KP, Fata

Eid Milad-un-Nabi (SWA) was celebrated across the Khyber Pakhtunkhwa and Fata, on 12th Rabi-ul-Awwal with religious fervour and enthusiasm. Mahafil-e-Milad and ceremonies were organized by religious, social and academic organizations and processions were
Published 03 Dec, 2017 12:00am
Experts call for promoting value chain in agriculture sector
Cotton

Experts call for promoting value chain in agriculture sector

Agri Scientists and Experts emphasized the need for further efforts to develop and promote value chain and decent work in agricultural sector that will not only help to alleviate poverty but also fetch heavy foreign exchanges. They were addressing Interna
Published 03 Dec, 2017 12:00am
Distributors of LPG to go on strike on December 9

Distributors of LPG to go on strike on December 9

The LPG distributors have given a strike call for December 9 against recent increase in price of LPG by Rs 10/kg for domestic and commercial cylinders following imposition of regulatory duty and petroleum levy. The Economic Coordination Committee (ECC) of
Published 03 Dec, 2017 12:00am
Ahsan to inaugurate CAC Pakistan Expo on December 4

Ahsan to inaugurate CAC Pakistan Expo on December 4

Federal Interior Minister Ahsan Iqbal will open the third China Agro Chemical (CAC) Pakistan Summit and Pak-China Agro Chemical expo on 4th December here at the Expo Centre. The LCCI president Malik Tahir Javaid, Senior Vice President Khawaja Khawar Rashe
Published 03 Dec, 2017 12:00am
Prices of essential kitchen items witness downward trend

Prices of essential kitchen items witness downward trend

Prices of essential kitchen items registered a reduction during this week as compared to the preceding week, revealed a survey conducted by Business Recorder on Saturday. According to the survey details, prices of most of the vegetables, eggs, chic
Published 03 Dec, 2017 12:00am
Government urged to set up acute stroke centre at PINS/LGH

Government urged to set up acute stroke centre at PINS/LGH

In the wake of surge in cases of stroke, local and foreign neurologists and interventional radiologists have called for the establishing acute stroke centre in the neuro-radiology department here at Pakistan Institute of Neuro-Sciences (PINS)/Lahore Gener
Published 03 Dec, 2017 12:00am
USDA sees record-high US soya acres, more corn in 2018-2019
Cotton

USDA sees record-high US soya acres, more corn in 2018-2019

US farmers are likely to plant a record amount of land with soyabeans in 2018 and will also boost the area devoted to most other major crops, the US Agriculture Department said on Tuesday. If the forecasts are borne out, then another year of bumper supply
Published 03 Dec, 2017 12:00am
Brazil's Nexa mulls Asia office to tap China zinc market

Brazil's Nexa mulls Asia office to tap China zinc market

Brazilian miner Nexa Resources Inc will likely decide this year to open a sales office in Asia as it looks to grow its customer base in China and the region, its chief executive told Reuters on Thursday. Nexa, a top-five global zinc producer, sees opportu
Published 03 Dec, 2017 12:00am
Canada decries India's 'discriminatory treatment' over pulse crops

Canada decries India's 'discriminatory treatment' over pulse crops

Canada on Wednesday accused India of "discriminatory treatment" against it in a dispute over C$1.1 billion ($855.10 million) worth of Canadian pulse crop exports. Canada normally ships much of the peas, lentils and other protein-rich pulse crops its farme
Published 03 Dec, 2017 12:00am
Cuba begins harvest of weather-battered sugar crop

Cuba begins harvest of weather-battered sugar crop

The first of Cuba's 53 sugar mills has opened for what is expected to be a poor harvest after 18 months of drought, followed by damage to the crop and mills from Hurricane Irma in September. State-run Radio Reloj announced on Sunday that the Boris Luis Sa
Published 03 Dec, 2017 12:00am
ICE cotton up on bullish export sales data
Cotton

ICE cotton up on bullish export sales data

ICE cotton rose on Friday buoyed by a streak of supportive export sales reports over the last few weeks, further supported by concerns of crop quality in top producer Texas. Cotton contracts for March settled up 0.47 cent, or 0.65 percent, at 73.28 cents
Published 03 Dec, 2017 12:00am
Ballooning corn, soya crops will raise stakes for US demand

Ballooning corn, soya crops will raise stakes for US demand

The US government clings to a relatively optimistic view on domestically grown soyabeans for the long term, though the prognosis for corn is less encouraging. Soyabeans, however, could find themselves in the same boat as corn if this year's projected soya
Published 03 Dec, 2017 12:00am
Top Asian rubber producers to curb exports next month after price fall

Top Asian rubber producers to curb exports next month after price fall

Asia's top rubber producers have agreed to cut exports of natural rubber from next month in a bid to address declining global prices. The International Rubber Consortium (IRCo) announced the decision on Thursday after the International Tripartite Rubber C
Published 03 Dec, 2017 12:00am
China crude oil stocks fall to lowest in more than seven years

China crude oil stocks fall to lowest in more than seven years

China's crude oil inventories fell by a record 9.5 percent from September to 26.96 million tonnes last month, Xinhua data showed, the lowest since January 2010, reflecting growing demand from refiners. Crude oil processing runs in October were the second
Published 03 Dec, 2017 12:00am
China to subsidise grain transportation, storage facilities

China to subsidise grain transportation, storage facilities

China plans to subsidise grain transportation and storage facilities in the latest push by Beijing to modernise the world's largest agriculture sector. Beijing will subsidise projects upgrading or building facilities to load and receive grains along main
Published 03 Dec, 2017 12:00am
Sizable fund shorts still hang over CBOT grain market

Sizable fund shorts still hang over CBOT grain market

There is simply too much supply in the world to shake speculators from their tremendously bearish view of Chicago-traded grain futures and options, and their hefty short stance still looms over the market. Combining net positions through November 21 in CB
Published 03 Dec, 2017 12:00am
Germany's far right elects leader duo amid pro-refugee protests

Germany's far right elects leader duo amid pro-refugee protests

The far-right Alternative for Germany (AfD) elected a new leadership duo from its nationalist wing Saturday after the party's triumphant turnout in September's general election, as thousands staged street protests against the anti-immigrant, anti-Islam po
Published 03 Dec, 2017 12:00am
More Bali flights cancelled on forecast of volcanic ash

More Bali flights cancelled on forecast of volcanic ash

Airlines cancelled more flights departing the Indonesian holiday island of Bali on Saturday, citing forecasts of deteriorating flying conditions due to a risk of volcanic ash from the erupting Mount Agung volcano. A Bali airport spokesman said the airport
Published 03 Dec, 2017 12:00am
German police secure nail-filled package found near Christmas market

German police secure nail-filled package found near Christmas market

German police on Friday secured a device full of wires and nails found near an outdoor Christmas market in the city of Potsdam, but could not establish whether it had contained explosives. Germany is on high alert for militant attacks, nearly a year after
Published 03 Dec, 2017 12:00am
Former US NSA employee pleads guilty to taking classified documents

Former US NSA employee pleads guilty to taking classified documents

A former National Security Agency employee who worked in its elite hacking unit pleaded guilty on Friday to illegally taking classified information outside the spy agency, the US Justice Department said. Nghia Hoang Pho, 67, retained US government documen
Published 03 Dec, 2017 12:00am
Russia calls US threat to destroy North Korea a 'bloodthirsty tirade'

Russia calls US threat to destroy North Korea a 'bloodthirsty tirade'

Russian Foreign Minister Sergei Lavrov said on Friday that a US threat to destroy North Korea in the event of a war was "a bloodthirsty tirade" and military action against Pyongyang would be a big mistake. Speaking on a visit to Italy, Lavrov strongly con
Published 03 Dec, 2017 12:00am
North Korea holds mass celebrations for latest missile test

North Korea holds mass celebrations for latest missile test

North Korea held mass celebrations for its latest successful long-range missile test, Pyongyang's state media said Saturday, with a propaganda-filled display of fireworks and dancing in public squares. The ruling Workers Party official daily Rodong Sinmun
Published 03 Dec, 2017 12:00am
Lebanon will only survive if Hezbollah disarms: Saudi minister

Lebanon will only survive if Hezbollah disarms: Saudi minister

Saudi Arabia's foreign minister said on Friday that Lebanon had been "hijacked" by Hezbollah and could only flourish if the Iranian-backed group disarmed. The Shia Muslim militia was set up by the powerful Iranian Revolutionary Guards (IRGC) in the 1980s
Published 03 Dec, 2017 12:00am
Twin suicide bombings kill at least 13 in Nigeria

Twin suicide bombings kill at least 13 in Nigeria

At least 13 people were killed and more than 50 wounded in a dual suicide bomb attack at a busy morning market in northeast Nigeria on Saturday, according to local sources. The attacks occurred in the town of Biu, about 185 kilometres (115 miles) south of
Published 03 Dec, 2017 12:00am
Natural tremor near North Korea nuclear test site: South Korea

Natural tremor near North Korea nuclear test site: South Korea

A natural earthquake of magnitude 2.5 occurred Saturday near North Korea's nuclear test site, the fourth such tremor since the North's most recent atomic explosion there, South Korean officials said. The micro-quake occurred about 2.7 kilometers (1.7 mile
Published 03 Dec, 2017 12:00am
Macron calls on Iraq to dismantle all militias

Macron calls on Iraq to dismantle all militias

French President Emmanuel Macron on Saturday called on Iraq to dismantle all militias, including the government sanctioned Iran-backed Popular Mobilisation Forces (PMF), a rare public request to do so by a major Western leader. Macron's call, which follow
Published 03 Dec, 2017 12:00am
State of emergency in Honduras after post-vote violence

State of emergency in Honduras after post-vote violence

The Honduran government declared a state of emergency late Friday and imposed a 10-day curfew in an attempt to stop violent demonstrations across the country triggered by claims of presidential election fraud. Police said at least two officers and 12 civi
Published 03 Dec, 2017 12:00am
Kosovo PM removed from international arrest warrant

Kosovo PM removed from international arrest warrant

Kosovo's Prime Minister Ramush Haradinaj was removed from an international arrest warrant issued by Serbia, lifting an obstacle to him travelling outside the country, the justice minister said on Friday. Early this year Ramush Haradinaj, a former Kosovar
Published 03 Dec, 2017 12:00am
UAE 'deporting' Egypt presidential hopeful Shafiq to Cairo

UAE 'deporting' Egypt presidential hopeful Shafiq to Cairo

UAE officials on Saturday took former Egyptian premier and presidential hopeful Ahmed Shafiq from his Abu Dhabi home to be deported back to Egypt, two of his aides told AFP. The UAE state news agency WAM also reported that Shafiq had left the country en r
Published 03 Dec, 2017 12:00am
Pope Francis ends Asia tour after meeting Rohingya refugees

Pope Francis ends Asia tour after meeting Rohingya refugees

Pope Francis wrapped up a high-stakes Asia tour Saturday after meeting Rohingya refugees in Bangladesh in a highly symbolic gesture of solidarity with the Muslim minority fleeing violence in Myanmar. The Catholic leader flew out of Dhaka after visiting a
Published 03 Dec, 2017 12:00am
Zimbabwe's new leader drops two ministers after public outcry

Zimbabwe's new leader drops two ministers after public outcry

Zimbabwe's President Emmerson Mnangagwa on Saturday dropped two ministers he had appointed to his new cabinet just a day earlier, a move widely seen as a response to a public uproar over the nominations. Mnangagwa, 75, named his cabinet overnight Thursday
Published 03 Dec, 2017 12:00am
Overton's dream Test debut with Smith wicket

Overton's dream Test debut with Smith wicket

Craig Overton had a dream start to his Test career with the prized wicket of the world's leading batsman Steve Smith as England chipped away at Australia in the day-night Ashes Test in Adelaide on Saturday. The Somerset seamer, who had dreams as a child o
Published 03 Dec, 2017 12:00am
Lahore Gymkhana, Defence Raya vying for top honour in golf contest

Lahore Gymkhana, Defence Raya vying for top honour in golf contest

In the contest for honours in the ongoing three days competition between Lahore Gymkhana, Defence Raya and Royal Palm Golf Club, the battle has narrowed down to a final days fight between Gymkhana and Defence Raya. After the completion of two comprehensiv
Published 03 Dec, 2017 12:00am
Kawasaki win J-League title as Kashima falter

Kawasaki win J-League title as Kashima falter

Kawasaki Frontale claimed their first J-League title from under the noses of reigning champions Kashima Antlers in a dramatic final day of the 2017 season on Saturday. Antlers' 0-0 draw with long-time rivals Jubilo Iwata handed the championship to Frontal
Published 03 Dec, 2017 12:00am
Shoe Planet Polo Cup final today

Shoe Planet Polo Cup final today

Black Horse Paints/Artema Medical is set for Shoe Planet Polo Cup 2017 final clash against Honda Chenab after defeating Newage team here at the Lahore Polo Club (LPC) ground. The main final between Honda Chenab and Black Horse Paints/Artema Medical will b
Published 03 Dec, 2017 12:00am
Chelsea, Liverpool dazzle as Spurs stumble

Chelsea, Liverpool dazzle as Spurs stumble

Eden Hazard sparkled as Chelsea swept Newcastle aside on Saturday to cling on to the coattails of runaway leaders Manchester City but 10-man Tottenham slipped further off the pace with a costly draw at Watford. With Pep Guardiola's Premier League pacesett
Published 03 Dec, 2017 12:00am
Azhar Ali seeking return

Azhar Ali seeking return

Former Test skipper and opening batsman Azhar Ali, who was out of cricket since Pakistan's Test series against Sri Lanka following a knee injury, is keen for his return to the international cricket. Azhar wants to prove his match fitness to selectors ahea
Published 03 Dec, 2017 12:00am
Peshawar win KP Inter-Club Karate title

Peshawar win KP Inter-Club Karate title

Peshawar clinched the trophy of the Khyber Pakhtunkhwa Full Body Contact Karate organized under the aegis of KP Full Body Contact Karate Association here on Saturday. Assistant Director Youth Aziz Ullah Khan and Director Finance Directorate of Sports KP T
Published 03 Dec, 2017 12:00am
Kohli passes landmark 5,000 Test runs as India increase Sri Lanka agony

Kohli passes landmark 5,000 Test runs as India increase Sri Lanka agony

Indian captain Virat Kohli blasted an unbeaten 156 to pass 5,000 runs in Test cricket as his side made 371-4 on a painful opening day of the third match for Sri Lanka's bowlers. Opener Murali Vijay also plundered 155 to increase the agony for the tourists
Published 03 Dec, 2017 12:00am
Grandhomme ton leaves West Indies reeling

Grandhomme ton leaves West Indies reeling

New Zealand all-rounder Colin de Grandhomme cracked his maiden Test century off just 71 balls to leave the West Indies reeling at stumps on the second day of the first Test in Wellington on Saturday. It was the ninth fastest Test century of all time as de
Published 03 Dec, 2017 12:00am
World Cup favourites spared tough groups in Russia

World Cup favourites spared tough groups in Russia

The favourites to win next year's World Cup in Russia were given navigable paths to the last 16 with the coaches of Germany, Brazil, Argentina and Spain having reason to feel reasonably optimistic after Friday's draw. Even hosts Russia, the lowest-ranked
Published 03 Dec, 2017 12:00am
US regulator to allow CME, CBOE to list bitcoin futures
Currency

US regulator to allow CME, CBOE to list bitcoin futures

The main US derivatives regulator said on Friday it would allow CME Group Inc and CBOE Global Markets Inc to list bitcoin futures contracts, opening the door to added regulation and more mainstream adoption of the cryptocurrency. The announcement by the C
Published 03 Dec, 2017 12:00am
Regulator grants bitFlyer a virtual currency license
Currency

Regulator grants bitFlyer a virtual currency license

The New York Department of Financial Services (DFS) said on Tuesday it has granted a license to Tokyo-based bitFlyer, allowing the virtual currency exchange operator to launch in the United States. The license authorizes bitFlyer to operate an exchange, a
Published 03 Dec, 2017 12:00am
Sudan looks to unify currency rates by January
Currency

Sudan looks to unify currency rates by January

Sudan will take new measures to unify the exchange rates of its pound currency by next January, the central bank said on Monday, as the country grapples with a stubborn black market and a dwindling supply of dollars in the official banking system. Central
Published 03 Dec, 2017 12:00am
Speculators raise short US dollar bets to largest since late October

Speculators raise short US dollar bets to largest since late October

Speculators' net short dollar bets rose to their largest in roughly more than a month, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar positions, derived from net pos
Published 03 Dec, 2017 12:00am
Dollar slumps against basket of currencies
Currency

Dollar slumps against basket of currencies

The greenback slipped against a basket of currencies on Friday after ABC News reported that Michael Flynn, a former adviser to US President Donald Trump, said he was prepared to testify that Trump directed him to make contact with the Russians when he was
Published 03 Dec, 2017 12:00am
Efforts to hurt Qatar's riyal may backfire on region
Currency

Efforts to hurt Qatar's riyal may backfire on region

Some Arab states are trying to destabilise Qatar's riyal but efforts to drive down its value could backfire by hurting other dollar-linked currencies in the region, a Qatari central banker said. Khalid Alkhater, currently in Britain on leave from the cent
Published 03 Dec, 2017 12:00am
Russian banks have enough FX for debt repayment peak in December
Currency

Russian banks have enough FX for debt repayment peak in December

The Russian banking sector has felt no substantial impact from bailout of two major private banks and has enough foreign currency at hand to pay back foreign debt, the central bank said on Tuesday. The banking sector in Russia was shaken in late August wh
Published 03 Dec, 2017 12:00am
Canadian dollar rallies the most in 21 months on jobs surge
Currency

Canadian dollar rallies the most in 21 months on jobs surge

The Canadian dollar scored its biggest gain in 21 months against its US counterpart on Friday, after stronger-than-expected domestic jobs data fueled expectations for further Bank of Canada interest rate hikes early next year. Canadian employment rose 79,
Published 03 Dec, 2017 12:00am
Norway's currency hits nine-year low vs euro
Currency

Norway's currency hits nine-year low vs euro

Norway's crown currency hit its weakest level against the euro since the 2008 financial crisis following the release of weaker-than-expected October retail sales and credit growth data on Thursday. At 0740 GMT, the crown traded at 9.9045 against the euro,
Published 03 Dec, 2017 12:00am
American Air reaches deal with pilots over scheduling error

American Air reaches deal with pilots over scheduling error

American Airlines has reached an agreement with its pilots union over premium pay for some December flights, both groups said on Friday, after a scheduling snafu gave too many pilots holiday time off and sent the airline scrambling to correct its mistake.
Published 03 Dec, 2017 12:00am
Activists occupy Paris Apple store over EU tax dispute

Activists occupy Paris Apple store over EU tax dispute

About a hundred activists occupied an Apple store in the French capital Saturday, demanding that the US technology giant pay billions of euros the EU says it owes in back taxes. The members from Attac, a group that seeks alternatives to unbridled globalis
Published 03 Dec, 2017 12:00am
General Electric lays off workers at power business in New York

General Electric lays off workers at power business in New York

General Electric Co said on Friday it was laying off workers at its power division in Schenectady, New York, as it tries to reduce costs after a steep profit drop at the division. GE declined to disclose the number of workers affected. A report by local A
Published 03 Dec, 2017 12:00am
Exxon merging oil refining and marketing units

Exxon merging oil refining and marketing units

Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring under Chief Executive Darren Woods. Neil Chapman, the head of its global chemicals operations, was named to the
Published 03 Dec, 2017 12:00am
Malaysia agrees to extend oil output cuts until end-2018

Malaysia agrees to extend oil output cuts until end-2018

Malaysia will extend its oil production cuts until the end of 2018, in line with its commitment to reduce global supply as part of a deal struck between Opec and other global oil producers. Opec and non-Opec producers led by Russia agreed on Thursday to e
Published 03 Dec, 2017 12:00am
Fiat Chrysler CEO says in talks with Hyundai on tech partnership

Fiat Chrysler CEO says in talks with Hyundai on tech partnership

Fiat Chrysler Automobiles is in talks with South Korea's Hyundai about a technical partnership, but there are no merger talks between the two, FCA Chief Executive Sergio Marchionne said on Saturday. FCA is often the subject of merger speculation, especial
Published 03 Dec, 2017 12:00am
Fed officials fret over yield curve, warn on pace of hikes

Fed officials fret over yield curve, warn on pace of hikes

Two Federal Reserve policymakers urged caution in raising interest rates on Friday, saying that the flattening of the yield curve was a signal that the central bank should proceed slowly. The Fed is likely to raise interest rates when it meets in December
Published 03 Dec, 2017 12:00am
Bahrain reaffirms dollar peg, says economy robust after S&P cut
Currency

Bahrain reaffirms dollar peg, says economy robust after S&P cut

S&P Global Ratings lowered Bahrain's long-term foreign and local currency sovereign credit ratings to 'B+' from 'BB-' on Friday, prompting Bahrain's central bank to reaffirm the country's currency peg to the US dollar. S&P Global Ratings said the rating c
Published 03 Dec, 2017 12:00am
Bahrain reaffirms dollar peg, says economy robust after S&P cut
Currency

Bahrain reaffirms dollar peg, says economy robust after S&P cut

S&P Global Ratings lowered Bahrain's long-term foreign and local currency sovereign credit ratings to 'B+' from 'BB-' on Friday, prompting Bahrain's central bank to reaffirm the country's currency peg to the US dollar. S&P Global Ratings said the rating c
Published 03 Dec, 2017 12:00am
Greece finalises deal with lenders over coal-fired plants

Greece finalises deal with lenders over coal-fired plants

Greece has finalised a deal with its official creditors on the coal-fired plants the country will sell to comply with an EU court ruling, Greek Energy Minister George Stathakis said on Friday. The issue was at the top of the agenda of talks between Greece
Published 03 Dec, 2017 12:00am
November mixed for US sales as automakers hike discounts

November mixed for US sales as automakers hike discounts

Major automakers posted mixed US November new vehicle sales on Friday and predicted a competitive December as they rush to sell vehicles and boost their 2017 numbers before the year comes to an end. Automakers are trying to sell down 2017 model year vehic
Published 03 Dec, 2017 12:00am
India's Infosys taps Capgemini executive Parekh as CEO

India's Infosys taps Capgemini executive Parekh as CEO

Infosys, India's No.2 IT services company, named Salil S Parekh as chief executive on Saturday, picking an outsider for the job for a second time and handing him the twin challenges of reviving growth and forging peace between its founders and board follo
Published 03 Dec, 2017 12:00am
Booming orders help UK factories to best month since 2013

Booming orders help UK factories to best month since 2013

British factories enjoyed their best month in more than four years in November, suggesting manufacturing will give a boost to the country's otherwise sluggish economy going into 2018, a survey showed on Friday. The IHS Markit/CIPS UK Manufacturing Purchas
Published 03 Dec, 2017 12:00am
S&P raises Bulgaria's sovereign credit rating to BBB-minus
Currency

S&P raises Bulgaria's sovereign credit rating to BBB-minus

Credit ratings agency Standard & Poor's raised its sovereign rating for Bulgaria to BBB-minus from BB-plus on Friday, citing the Balkan country's improving external metrics, expansion of exports and rise in domestic savings. S&P said in a statement that B
Published 03 Dec, 2017 12:00am
S&P raises Bulgaria's sovereign credit rating to BBB-minus
Currency

S&P raises Bulgaria's sovereign credit rating to BBB-minus

Credit ratings agency Standard & Poor's raised its sovereign rating for Bulgaria to BBB-minus from BB-plus on Friday, citing the Balkan country's improving external metrics, expansion of exports and rise in domestic savings. S&P said in a statement that B
Published 03 Dec, 2017 12:00am
New York Times cuts number of free articles on website

New York Times cuts number of free articles on website

The New York Times on Friday reduced the number of free articles it will offer most non-subscribers to five from 10 in an effort to make more money from readers. The change is aimed at increasing subscription revenue as readers flock to the website for ne
Published 03 Dec, 2017 12:00am
Russia's November oil output edges up

Russia's November oil output edges up

Russian oil output rose to 10.94 million barrels per day (bpd) in November from 10.93 million bpd in October, energy ministry data showed on Saturday. In tonnes, oil output fell to 44.782 million versus 46.23 million in October, and Russia remains in comp
Published 03 Dec, 2017 12:00am
Italy financial police visit Gucci's offices in tax probe

Italy financial police visit Gucci's offices in tax probe

Italian tax police have visited the offices of fashion company Gucci for fiscal checks as part of an investigation by Milan prosecutors into suspected tax evasion, a senior source with direct knowledge of the matter said on Saturday. "Gucci confirms that
Published 03 Dec, 2017 12:00am
China cracks down on online micro-lending firms with new rules

China cracks down on online micro-lending firms with new rules

China's financial regulators on Friday circulated new rules to local governments targeting fast-growing online micro-lenders, part of a campaign to rein in a rapidly developing financial sector. Under the new rules, unlicensed organizations and individual
Published 03 Dec, 2017 12:00am
Global powers strike deal to research before fishing Arctic seas

Global powers strike deal to research before fishing Arctic seas

Delegations from the United States, Russia, and China and other countries struck a deal on Thursday to refrain from commercial fishing in the high Arctic seas, one of world's fastest-warming places, until scientists can determine what fish are there and w
Published 03 Dec, 2017 12:00am
Brazil's 'chicken catchers' victims of forced labour

Brazil's 'chicken catchers' victims of forced labour

Thousands of people are victims of forced labour and inhumane work conditions in Brazil's booming meat and poultry industries, with some forced to work 20-hour days, researchers said on Thursday. Slave labour in Brazil's poultry sector is "endemic", said
Published 03 Dec, 2017 12:00am
Communist Hanoi gets its first McDonald's

Communist Hanoi gets its first McDonald's

Global burger behemoth McDonald's opened its first branch on Saturday in the historic heart of communist Hanoi, a conservative city renowned for its traditional - and cheap - Vietnamese staples beloved by food-obsessed locals. Hungry customers lined up fo
Published 03 Dec, 2017 12:00am
Whipsawed by Washington, Wall Street modestly lower
Exchange

Whipsawed by Washington, Wall Street modestly lower

Wall Street fell on Friday, whipsawed by developments with a probe into Russia's alleged involvement in the US election as well as with progress on a tax bill in Congress. Major indexes ended lower after an ABC News report that former national security ad
Published 03 Dec, 2017 12:00am
US bond funds attract $6.16 billion
Mutual Funds

US bond funds attract $6.16 billion

US fund investors pumped billions into bond funds for a 51st straight week, the Investment Company Institute (ICI) said on Wednesday, underscoring the seemingly insatiable appetite for yield. Taxable-bond mutual funds and exchange-traded funds (ETFs) took
Published 03 Dec, 2017 12:00am
US bond funds attract $6.16 billion
Mutual Funds

US bond funds attract $6.16 billion

US fund investors pumped billions into bond funds for a 51st straight week, the Investment Company Institute (ICI) said on Wednesday, underscoring the seemingly insatiable appetite for yield. Taxable-bond mutual funds and exchange-traded funds (ETFs) took
Published 03 Dec, 2017 12:00am
TSX slips
Exchange

TSX slips

Canada's main stock index slipped on Friday, weighed down by losses among some gold miners, technology, telecom and consumer names which offset gains for energy companies as oil prices rose and Canadian Imperial Bank of Commerce's extended post-earnings r
Published 03 Dec, 2017 12:00am
Latam stocks post narrow gains in cautious buying
Currency

Latam stocks post narrow gains in cautious buying

Brazil's benchmark stock index ended slightly higher on Friday as investors sought buying opportunities among stocks that had fallen about 3 percent in the last three sessions on doubts about whether the country's Congress would pass a proposed overhaul o
Published 03 Dec, 2017 12:00am
India's Future Supply Chain, Shalby to launch IPOs

India's Future Supply Chain, Shalby to launch IPOs

Indian logistics provider Future Supply Chain Solution's initial public offering (IPO) of shares to raise up to 6.5 billion rupees ($100.9 million) will open this week, adding to what has been a record year for initial share sales in the country. Griffin
Published 03 Dec, 2017 12:00am
India's Future Supply Chain, Shalby to launch IPOs

India's Future Supply Chain, Shalby to launch IPOs

Indian logistics provider Future Supply Chain Solution's initial public offering (IPO) of shares to raise up to 6.5 billion rupees ($100.9 million) will open this week, adding to what has been a record year for initial share sales in the country. Griffin
Published 03 Dec, 2017 12:00am
Major Western banks recommend buying Russian government bonds

Major Western banks recommend buying Russian government bonds

Russian government bonds are likely to remain among the favourite picks for global investors next year, despite possible sanctions and a dip in yields in line with falling interest rates, foreign market players say. Global investors have invested heavily
Published 03 Dec, 2017 12:00am
Major Western banks recommend buying Russian government bonds

Major Western banks recommend buying Russian government bonds

Russian government bonds are likely to remain among the favourite picks for global investors next year, despite possible sanctions and a dip in yields in line with falling interest rates, foreign market players say. Global investors have invested heavily
Published 03 Dec, 2017 12:00am
Alibaba's jumbo bond deal sets sector benchmark in Asia

Alibaba's jumbo bond deal sets sector benchmark in Asia

Alibaba Group Holding Ltd's newly minted bonds rallied on Thursday after the Chinese internet firm's $7 billion multi-tranche sale attracted a blow-out response and set a precedent for rival companies to follow, analysts said. Strong demand for the sale,
Published 03 Dec, 2017 12:00am
Alibaba's jumbo bond deal sets sector benchmark in Asia

Alibaba's jumbo bond deal sets sector benchmark in Asia

Alibaba Group Holding Ltd's newly minted bonds rallied on Thursday after the Chinese internet firm's $7 billion multi-tranche sale attracted a blow-out response and set a precedent for rival companies to follow, analysts said. Strong demand for the sale,
Published 03 Dec, 2017 12:00am
China-backed AIIB eyeing Europe to debut global bond

China-backed AIIB eyeing Europe to debut global bond

The China-backed Asian Infrastructure Investment Bank (AIIB) is eyeing a Europe listing for its debut global bond. Issued in US dollars, the inaugural bond will "more likely be in Europe," AIIB Vice President Thierry de Longuemar told Reuters on Wednesday
Published 03 Dec, 2017 12:00am
China-backed AIIB eyeing Europe to debut global bond

China-backed AIIB eyeing Europe to debut global bond

The China-backed Asian Infrastructure Investment Bank (AIIB) is eyeing a Europe listing for its debut global bond. Issued in US dollars, the inaugural bond will "more likely be in Europe," AIIB Vice President Thierry de Longuemar told Reuters on Wednesday
Published 03 Dec, 2017 12:00am
Ping An Good Doctor readies $1 billion Hong Kong IPO

Ping An Good Doctor readies $1 billion Hong Kong IPO

China's most popular online medical platform, Ping An Good Doctor, is working with Citigroup and JPMorgan on an initial public offering of up to $1 billion, IFR reported. The deal could launch in Hong Kong in the first half of next year, the Thomson Reute
Published 03 Dec, 2017 12:00am
Ping An Good Doctor readies $1 billion Hong Kong IPO

Ping An Good Doctor readies $1 billion Hong Kong IPO

China's most popular online medical platform, Ping An Good Doctor, is working with Citigroup and JPMorgan on an initial public offering of up to $1 billion, IFR reported. The deal could launch in Hong Kong in the first half of next year, the Thomson Reute
Published 03 Dec, 2017 12:00am
US natural gas futures fall on less heating demand

US natural gas futures fall on less heating demand

US natural gas futures dropped nearly 5 percent on Thursday on forecasts for less heating demand next week than previously expected and a report showing a slightly smaller-than-expected weekly storage withdrawal. The US Energy Information Administration s
Published 03 Dec, 2017 12:00am
Brazilian soyabean output to rise as climate fears wane

Brazilian soyabean output to rise as climate fears wane

Brazilian analysts are likely to raise their soyabean output forecasts in coming weeks as climate fears have subsided and the crop is developing well, four consultancies told Reuters this week. Brazil, the world's largest exporter of the oilseed and the N
Published 03 Dec, 2017 12:00am
European gasoline margins decline on US worries

European gasoline margins decline on US worries

Northwest European gasoline refining margins declined on Thursday, weighed down by limited exports to the United States where stocks rose sharply last week. Gasoline stocks held in the Amsterdam-Rotterdam-Antwerp storage and refining hub fell by over 4.4
Published 03 Dec, 2017 12:00am
European wheat futures edge higher
Exchange

European wheat futures edge higher

European wheat futures edged higher on Thursday in step with Chicago, but the recovery from contract lows earlier this week remained limited in the face of stiff export competition. March milling wheat on the Paris-based Euronext exchange unofficially clo
Published 03 Dec, 2017 12:00am
CBOT wheat futures mostly lower

CBOT wheat futures mostly lower

Chicago Board of Trade soft red winter wheat futures closed mostly lower on Thursday as heavy deliveries on first notice day pressured the nearby December contract, traders said. Disappointing weekly US export sales data added pressure. CBOT December whea
Published 03 Dec, 2017 12:00am
Ukraine completes winter grain sowing

Ukraine completes winter grain sowing

Ukraine has almost completed winter grain sowing for the 2018 harvest, leaving some area unsown because of unfavourable weather, agriculture ministry data showed on Tuesday. The ministry has said farmers planned to sow 7.2 million hectares of winter grain
Published 03 Dec, 2017 12:00am
Freight rates for large dry cargo ships likely to rise

Freight rates for large dry cargo ships likely to rise

Freight rates for large dry cargo ships on key Asian routes, which hit three-year highs this week, are likely to rise further on a shortage of ships available for immediate charter, brokers said. Rates for 180,000 deadweight tonne (DWT) capesize ships are
Published 03 Dec, 2017 12:00am
Palm oil firmer on European vegoils market
Vegetable Oil

Palm oil firmer on European vegoils market

Palm oil on the European vegetable oils market firmed on Thursday because of bargain buying in Malaysian palm oil futures and because of a mild downward correction of the ringgit. Asking prices for palm oil were mostly between $2.50 and $7.50 per tonne hi
Published 03 Dec, 2017 12:00am
Subdued business on cotton market ahead of PCGA report
Cotton

Subdued business on cotton market ahead of PCGA report

A few deals finalised on the cotton market on Saturday as most of the mills and spinners kept on the sidelines ahead of the Pakistan Cotton Ginners Association (PCGA) fortnightly data, dealers said. The official spot rate was unchanged at Rs 6,600, they s
Published 03 Dec, 2017 12:00am
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