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Archive - 2017-12-15
Hasan Ali shows off new skills
Cricket

Hasan Ali shows off new skills

Pakistan fast bowler Hasan Ali is a pure entertainer on and off the pitch, shows off his new dance moves during the
Published 15 Dec, 2017 12:24pm
Nativity scene
Featured Photos

Nativity scene

Figurines are seen in Petrona Chavez's nativity scene with more than 2000 figurines in Nahuizalco, El Salvador.
Published 15 Dec, 2017 10:56am
Australia welcomes Shadab Khan
Cricket

Australia welcomes Shadab Khan

Pakistan leg spinner Shadab Khan has left for Australia to participate in Big Bash League (BBL), scheduled to comme
Published 15 Dec, 2017 10:18am
Banking sector in good health
Banking

Banking sector in good health

Banks are making lesser profits than they were last year. Yet, they are healthier than last year. The balance sheets hav
Published 15 Dec, 2017 08:25am
Economics: short of ideas?
Miscellaneous

Economics: short of ideas?

Islamabad’s policy discourse comes alive in December. One notices the annual moots of organizers like the SDPI and PIDE
Published 15 Dec, 2017 08:23am
Copper near two-week high supported by Chinese data
Currency

Copper near two-week high supported by Chinese data

Copper hit a near two-week high on Thursday on global growth hopes after upbeat manufacturing data from China, overlooking a stronger dollar and Beijing's surprise interest rates hike. China's industrial output expanded at a faster than expected pace in N
Published 15 Dec, 2017 12:00am
EU 2017/2018 soft wheat exports down 25 percent

EU 2017/2018 soft wheat exports down 25 percent

  • European Union soft wheat exports in the 2017/18 season that started on July 1 had reached 9.0 million tonnes by December 12, down 25 percent from 12.1 million tonnes exported by the same stage last season, official data showed on Thursday.
Published 15 Dec, 2017 12:00am
Cotton climbs over one percent on fund-buying
Cotton

Cotton climbs over one percent on fund-buying

ICE cotton rose over 1.5 percent on Thursday, after falling for three straight sessions, supported by fund-buying and a softer dollar. Cotton contracts for March settled up 1.22 cent, or 1.67 percent, at 74.13 cents per lb. It traded within a range of 72.
Published 15 Dec, 2017 12:00am
Huthi missile fired at Saudi Arabia was 'made in Iran': Haley

Huthi missile fired at Saudi Arabia was 'made in Iran': Haley

US ambassador to the United Nations Nikki Haley presented "concrete" evidence Thursday that a ballistic missile fired by Huthi rebels in Yemen at Saudi Arabia last month was Iranian-made, a charge Tehran immediately denied.
Published 15 Dec, 2017 12:00am
Somalia's Shabaab kill 18 policemen in academy bombing

Somalia's Shabaab kill 18 policemen in academy bombing

A suicide bomber from Somalia's Shabaab insurgents killed 18 police officers and wounded 15 others on Thursday when he blew himself up inside the country's main police academy, the force's chief said. Witnesses said the police were gathered in a square ah
Published 15 Dec, 2017 12:00am
New York Times publisher stepping down

New York Times publisher stepping down

New York Times publisher Arthur Ochs Sulzberger Jr announced on Thursday that he was stepping down after 25 years at the helm of the renowned newspaper and handing over to his son. Arthur Gregg Sulzberger, 37, known as A.G., will take over as publisher on
Published 15 Dec, 2017 12:00am
Seven decades in the making, a defence pact comes to the EU

Seven decades in the making, a defence pact comes to the EU

European Union nations are set to achieve a 70-year-old ambition to integrate their defences on Thursday, signing a pact between 25 EU governments to fund, develop and deploy armed forces together after Britain's decision to quit the bloc.
Published 15 Dec, 2017 12:00am
Putin says Russians will reject opposition 'coup'

Putin says Russians will reject opposition 'coup'

Russian President Vladimir Putin on Thursday said the opposition was hoping for a "coup", during a marathon press conference that marked his first major public appearance since announcing he would seek a new six-year term in March 2018 elections.
Published 15 Dec, 2017 12:00am
Iraq hangs 38 members of IS, Al-Qaeda for 'terrorism'

Iraq hangs 38 members of IS, Al-Qaeda for 'terrorism'

Iraq hanged 38 jihadists belonging to the Islamic State group or Al-Qaeda for terrorism offences on Thursday in the southern city of Nasiriyah, provincial authorities said. It was the largest number of executions in a single day since September 25 when 42
Published 15 Dec, 2017 12:00am
Plane crashes in western Canada, no fatalities: police

Plane crashes in western Canada, no fatalities: police

A small airliner carrying 25 people crashed after takeoff Wednesday in the western Canadian province of Saskatchewan, causing multiple injuries but no fatalities, police said. The West Wind Aviation ATR-42 went down about a kilometre from the Fond-du-Lac
Published 15 Dec, 2017 12:00am
North Korea's ambassador meets with UN official

North Korea's ambassador meets with UN official

North Korea's UN ambassador on Thursday met with a senior UN official who made a recent trip to Pyongyang to push for talks on ending the crisis over the reclusive country's nuclear and missile tests. Ambassador Ja Song Nam held talks with Jeffrey Feltman
Published 15 Dec, 2017 12:00am
Pence Middle East trip to go ahead despite cancellations

Pence Middle East trip to go ahead despite cancellations

US Vice President Mike Pence will visit Egypt and Israel next week, despite controversy and meeting cancellations as a result of the administration's recognition of Jerusalem as Israel's capital. Aides said Pence is to travel to Cairo and Jerusalem from T
Published 15 Dec, 2017 12:00am
EU launches defence pact it calls 'bad news for enemies'

EU launches defence pact it calls 'bad news for enemies'

Flanked by soldiers in combat dress, European leaders inaugurated on Thursday a landmark defence cooperation pact that EU President Donald Tusk said was "bad news for our enemies". Twenty-five countries - all of the EU member states except Denmark, Malta
Published 15 Dec, 2017 12:00am
T10 Cricket League 2017: a beginning of shortest, fastest cricket

T10 Cricket League 2017: a beginning of shortest, fastest cricket

Cricket lovers witnessed a new beginning of the shortest and the fastest game in the cricket history as T10 Cricket League, kicked off in Sharjah on Thursday evening. After ODI, the T20 format was introduced to make cricket more interested and now T10 aim
Published 15 Dec, 2017 12:00am
Lewandowski shoots into Bundesliga's top 10

Lewandowski shoots into Bundesliga's top 10

Robert Lewandowski has fired his way into 10th place in the list of the Bundesliga's all-time top scorers as the Polish striker just keeps on hitting the net. Lewandowski rescued Bayern with a second-half winner in Wednesday's 1-0 victory over bottom side
Published 15 Dec, 2017 12:00am
Manchester City hailed as Premier League greats

Manchester City hailed as Premier League greats

Pep Guardiola's Manchester City are being widely hailed as one of the best sides in Premier League history after they set a stunning new record of 15 straight wins. In its 25-year history, the Premier League has boasted a series of outstanding sides inclu
Published 15 Dec, 2017 12:00am
Pakistan Railways to award cash prizes to its medal winning players

Pakistan Railways to award cash prizes to its medal winning players

Pakistan Railways is going to award cash prizes to its players who earned medals in the recently concluded National Taekwondo Championship. Pakistan Railways finished third in the championship bagging 20 medals, including three silver and 17 bronze. The r
Published 15 Dec, 2017 12:00am
BoP Polo Tournament 2017 restarts today

BoP Polo Tournament 2017 restarts today

The Bank of Punjab (BoP) Polo Tournament will restart today (Friday) after it has been marred by bad weather and wet conditions, which are likely to improve from today here at the Lahore Polo Club ground. Top five teams have been participating in this eig
Published 15 Dec, 2017 12:00am
PSB distributes cash incentives

PSB distributes cash incentives

Pakistan Sports Board distributed cash incentives among the players of Mohib Ullah Squash Academy players here at PSB Coaching and Training Center Peshawar on Thursday. Former World No. 2 Mohib Ullah Khan graced the occasion as chief guest. Director Sport
Published 15 Dec, 2017 12:00am
PU beat GCU in squash, UMT in tug of war, volleyball

PU beat GCU in squash, UMT in tug of war, volleyball

The sports competitions of tug-of-war, volleyball and squash were held between universities, colleges and schools on PU greens on the third day of the National Sports Competitions - 2017 under the collaboration of HEC, Punjab University and the Educationi
Published 15 Dec, 2017 12:00am
Malan's maiden test century lifts England in Perth

Malan's maiden test century lifts England in Perth

A maiden Test century by Dawid Malan helped England fight back to 305 for four at stumps in the opening day of the vital third Ashes clash in Perth on Thursday. After Joe Root won the toss and elected to bat, Malan's unbeaten 110 helped the tourists to br
Published 15 Dec, 2017 12:00am
Fixing claims rock Ashes series

Fixing claims rock Ashes series

Cricket chiefs voiced "grave concern" but said there was no evidence the third Ashes Test between Australia and England starting Thursday has been corrupted after a match-fixing bombshell rocked the series. British newspaper The Sun alleged two bookmakers
Published 15 Dec, 2017 12:00am
KP Athletic trials for Quaid-e-Azam Games

KP Athletic trials for Quaid-e-Azam Games

President Khyber Pakhtunkhwa Athletic Association Habib Ur Rehman Afridi has said that the athletic trials for the forthcoming Quaid-e-Azam Games will be held on December 16, 2017 here at Qayyum Sports Complex. He said that a selection committee has also
Published 15 Dec, 2017 12:00am
Bangladesh unveils schedule for tri-nation

Bangladesh unveils schedule for tri-nation

Bangladesh announced Thursday the schedule for a tri-nation one-day international series in January against Zimbabwe and Sri Lanka. The tournament will run from January 15 to January 27 under lights at the Sher-e-Bangla National Stadium in Dhaka, the Bang
Published 15 Dec, 2017 12:00am
Sterling slips
Currency

Sterling slips

Sterling slipped against the dollar on Thursday, with some traders disappointed the Bank of England stuck to its view that interest rates were likely to rise only gradually despite above-target inflation and progress in Brexit talks. The BoE said in a sta
Published 15 Dec, 2017 12:00am
Aussie gets boost, Kiwi up

Aussie gets boost, Kiwi up

The Australian dollar jumped to a five-week peak on Thursday after a stunningly strong jobs report rekindled the risk of a rate hike next year and put the squeeze on short positions. The Aussie dollar hopped up to $0.7666, from $0.7630, having already cli
Published 15 Dec, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 82.60-82.60 (Previous 82.60-82.60).
Published 15 Dec, 2017 12:00am
Asian currencies firm
Currency

Asian currencies firm

Asian currencies rose against the dollar on Thursday, as a guarded outlook from the US Federal Reserve on the economy weighed on the greenback following its widely anticipated interest rate rise. On Wednesday, the Fed raised key short-term rates by a quar
Published 15 Dec, 2017 12:00am
Sri Lankan rupee ends firmer
Currency

Sri Lankan rupee ends firmer

The Sri Lankan rupee closed firmer on Thursday as late exporter dollar sales outpaced importer demand for the U.S currency, dealers said. The spot rupee which traded at 153.50 per dollar during the day ended at 153.10/20 per dollar, against Wednesday's cl
Published 15 Dec, 2017 12:00am
Dollar weakens as Fed leaves rate outlook unchanged
Currency

Dollar weakens as Fed leaves rate outlook unchanged

The US dollar fell after the Federal Reserve raised interest rates in a widely expected move, but left its rate outlook for the coming years unchanged. Officials acknowledged in their latest forecasts that the economy had gained steam in 2017 by raising t
Published 15 Dec, 2017 12:00am
Dollar losses in Europe
Currency

Dollar losses in Europe

The dollar held at more than one-week lows on Thursday after the US central bank kept its economic forecasts unchanged with investors expecting more losses if the European Central Bank outlines a more optimistic outlook on the economy.
Published 15 Dec, 2017 12:00am
Dollar defensive in Asia

Dollar defensive in Asia

The dollar remained on the defensive on Thursday, having tumbled after the Federal Reserve raised interest rates as expected, but left its rate outlook for the coming years unchanged. There was limited reaction among major currencies after China raised in
Published 15 Dec, 2017 12:00am
Euro weakens
Currency

Euro weakens

The US dollar gained against the euro on Thursday after the European Central Bank raised growth and inflation forecasts for the euro area, but stuck with its pledge to provide stimulus for as long as needed.
Published 15 Dec, 2017 12:00am
Banks drag European shares down

Banks drag European shares down

Weakness in bank stocks dragged European shares lower on Thursday as the financial sector caught the cold from US and Asian trading after a less hawkish than expected tone from the US Federal Reserve. The Fed raised rates, as widely expected, but banks fe
Published 15 Dec, 2017 12:00am
TSX inches up
Exchange

TSX inches up

Canada's main stock index inched higher on Thursday, but traded below the all-time high hit in the prior session, with railway stocks and some natural resource names rising while gold miners weighed. The Toronto Stock Exchange's S&P/TSX composite index ro
Published 15 Dec, 2017 12:00am
Hong Kong stocks finish in the red
Exchange

Hong Kong stocks finish in the red

Hong Kong stocks ended lower on Thursday following the previous day's healthy gains, with investors brushing off a record close on Wall Street and an upbeat assessment of the US economy by the Federal Reserve. The Hang Seng Index fell 0.19 percent, or 55.
Published 15 Dec, 2017 12:00am
China stocks fall
Exchange

China stocks fall

China stocks fell on Thursday, after the country's central bank nudged up money market rate following the widely expected US rate hike, and as mixed data reinforced signs of a modest slowdown in the Asian economic powerhouse. China's central bank lifted m
Published 15 Dec, 2017 12:00am
Sri Lankan stocks little changed

Sri Lankan stocks little changed

Sri Lankan shares closed little changed on Thursday, hovering near their lowest close in eight months hit in the previous session, as gains in plantation and beverage stocks offset falls in palm oil and diversified shares. The Colombo Stock Index ended 0.
Published 15 Dec, 2017 12:00am
Region mixed, stimulus plan doesn't buoy Saudi Arabia

Region mixed, stimulus plan doesn't buoy Saudi Arabia

Middle Eastern stock markets were mixed on Thursday, with the Saudi Arabian bourse taking little encouragement from the government's announcement of a 72 billion riyal ($19 billion) stimulus package. King Salman issued a royal decree approving measures to
Published 15 Dec, 2017 12:00am
Indian shares end higher

Indian shares end higher

Indian shares rose on Thursday, rebounding from two days of losses, after the US Federal Reserve raised rates but kept its outlook unchanged, although caution lingered ahead of the release of exit polls from elections in the state of Gujarat. The benchmar
Published 15 Dec, 2017 12:00am
Wall Street mixed as financials drag after Fed rate hike
Exchange

Wall Street mixed as financials drag after Fed rate hike

The S&P 500 ended slightly lower on Wednesday pressured by the financial sector after the Federal Reserve announced a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster US economic growth.
Published 15 Dec, 2017 12:00am
Tokyo stocks close lower on strong yen

Tokyo stocks close lower on strong yen

Tokyo stocks fell Thursday on a stronger yen as investors shifted their focus to the US tax cut plan after digesting the latest US rate hike. The benchmark Nikkei 225 index lost 0.28 percent, or 63.62 points, to close at 22,694.45, while the broader Topix
Published 15 Dec, 2017 12:00am
Australian shares fall, New Zealand at record high

Australian shares fall, New Zealand at record high

Australian shares fell on Thursday to break a five session run of gains, with financials and real estate stocks accounting for most of the losses. The S&P 500 ended slightly lower on Wednesday pressured by the financial sector after the Federal Reserve an
Published 15 Dec, 2017 12:00am
Lebanon gives go-ahead to first offshore energy exploration

Lebanon gives go-ahead to first offshore energy exploration

Lebanon's cabinet approved a bid on Thursday by a consortium of France's Total, Italy's ENI and Russia's Novatek, in the country's much-delayed first oil and gas offshore licensing round, a government source told Reuters. Exploratory drilling is expected
Published 15 Dec, 2017 12:00am
Delta orders 100 Airbus planes in blow to Boeing

Delta orders 100 Airbus planes in blow to Boeing

Delta Air Lines announced Thursday it has ordered 100 Airbus planes with an option to buy 100 more, in a blow to Airbus' American rival Boeing. Delta said it was buying the A321neo aircraft to renew its narrowbody fleet. The planes have 197 seats.
Published 15 Dec, 2017 12:00am
Alstom says to sell stakes in joint ventures with General Electric

Alstom says to sell stakes in joint ventures with General Electric

The head of Alstom said Thursday that the French rail company will excercise its options to sell its stakes in joint ventures with US industrial conglomerate General Electric. Alstom sold off its power and grid businesses to GE in 2015 for 9.7 billion eur
Published 15 Dec, 2017 12:00am
Net giants 'must pay for news' from which they make billions

Net giants 'must pay for news' from which they make billions

Nine European press agencies, including AFP, called Wednesday on internet giants to be forced to pay copyright for using news content on which they make vast profits. The call comes as the EU is debating a directive to make Facebook, Google, Twitter and o
Published 15 Dec, 2017 12:00am
GE, Tata partner to make engine components

GE, Tata partner to make engine components

India's software-to-steel conglomerate Tata Group and US industrial giant General Electric have signed a partnership to make jet engine parts in India, the companies announced Thursday. Under the agreement signed on November 29, but not made public until
Published 15 Dec, 2017 12:00am
Holiday shopping, gasoline send US retail higher in November

Holiday shopping, gasoline send US retail higher in November

The US holiday shopping season got off to a robust start in November, sending the US retail sector surging along with higher gasoline sales, according to government data released Thursday. Online retailers like Amazon, as well as department stores, clothi
Published 15 Dec, 2017 12:00am
Sudan's oil supply threatened due to dollar shortage
Currency

Sudan's oil supply threatened due to dollar shortage

Sudan's main oil refinery is unable to secure funding over much-needed maintenance that has been repeatedly delayed, a ministry official said this week, as the country continues to suffer from a shortage of foreign currency. Saadeldin Bushra, state minist
Published 15 Dec, 2017 12:00am
Filmmaker confesses to sexual misdeeds

Filmmaker confesses to sexual misdeeds

"Super Size Me" star and producer Morgan Spurlock confessed in an open letter Thursday to a series of sexual misdeeds over the years, admitting: "I am part of the problem." Hollywood has been shaken over the past months by revelations that A-list director
Published 15 Dec, 2017 12:00am
US prosecutors confirm Uber target of criminal probe

US prosecutors confirm Uber target of criminal probe

A letter made public Wednesday in Waymo's civil suit against Uber over swiped self-driving car secrets confirmed the ride-share service is the target of a US criminal investigation. The US Attorney's Office in Northern California sent the letter to US Jud
Published 15 Dec, 2017 12:00am
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