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Archive - 2018-01-03
Man killed in road mishap
General News

Man killed in road mishap

KARACHI: A man was killed in a road accident in Baldia area of the city on Wednesday. According to rescue sources, an
Published 03 Jan, 2018 07:30pm
3D snow-light
Featured Photos

3D snow-light

Tourists enjoy the show at the Sun Island International Snow Sculpture Art Expo in Harbin, capital of northeast Chin
Published 03 Jan, 2018 06:50pm
Prayer hands
Featured Photos

Prayer hands

A labourer busy in construction of monument at Tando Masti Chowk.   Copyright APP (Associated Press of P
Published 03 Jan, 2018 05:01pm
Indian caste protests hit Mumbai
Asia

Indian caste protests hit Mumbai

MUMBAI: Demonstrators from India's lowest caste blocked roads and railways across Mumbai on Wednesday in protest aga
Published 03 Jan, 2018 04:21pm
Bullion Prices on Wednesday
Markets

Bullion Prices on Wednesday

KARACHI: Following were the Bullion Prices in Karachi and Multan on Wednesday. KARACHI: (per 10 gram) Gold Tez
Published 03 Jan, 2018 04:01pm
Snow blanket painting
Featured Photos

Snow blanket painting

Snow scenery of Haibao Park in Yinchuan City, northwest China's Ningxia Hui Autonomous Region. A snowfall hit the ci
Published 03 Jan, 2018 01:48pm
Karachi’s planning woes
Miscellaneous

Karachi’s planning woes

People come to cities hoping to transform their living conditions, but in Pakistan they are met with the same miseries,
Published 03 Jan, 2018 07:18am
Peru bus plunge kills 48: police
World

Peru bus plunge kills 48: police

LIMA: A bus plunged over a seaside cliff in Peru on Tuesday, killing at least 48 people after a collision with a tru
Published 03 Jan, 2018 06:10am
30 suspects arrested, arms recovered

30 suspects arrested, arms recovered

Security forces on Tuesday apprehended at least 30 suspects during a targeted operation in Charsadda. As per details, on a tip off, police and security forces carried out a joint targeted operation in Charsadda and detained 30 suspects. Weapons including
Published 03 Jan, 2018 12:00am
Let's audit $33 billion claim through US firm, Trump told

Let's audit $33 billion claim through US firm, Trump told

Foreign Minister Khawaja Asif on Tuesday expressed Pakistan's readiness to get audited, through an American firm, $33 billion claims made by US President Donald Trump to have been given to the country in the last 15 years so that the world should know who
Published 03 Jan, 2018 12:00am
Dr Aisha praises PRA on tax collection

Dr Aisha praises PRA on tax collection

Provincial Minister for Finance Dr Aisha Ghous Pasha has said that Punjab Revenue Authority (PRA) is on track to growth trajectory by achieving remarkable collection figures of Rs 49.49 billion in short period of first six months of the current financial
Published 03 Jan, 2018 12:00am
APNS demands release of Inam Akbar, others

APNS demands release of Inam Akbar, others

The APNS has expressed its profound concern on the cancellation of bail and arrest of Inam Akbar, Chief Executive, Midas Group, by NAB authorities. Sarmad Ali, President and Umer Mujib Shami, Secretary General of the All Pakistan Newspapers Society have s
Published 03 Jan, 2018 12:00am
ISI allowed to import Mercedes Benz sans any duty, tax

ISI allowed to import Mercedes Benz sans any duty, tax

The Economic Coordination Committee (ECC) of the Cabinet has allowed Inter-Services Intelligence (ISI) to import two Mercedes Benz type S600 L(S guard) protected cars (foreign assembled) without paying any duty and tax, well informed sources told Busin
Published 03 Jan, 2018 12:00am
PPDWP okays Rs 6.1 billion for Dadhocha dam

PPDWP okays Rs 6.1 billion for Dadhocha dam

The Punjab Provincial Development Working Party approved release of Rs 6.1 billion for the construction of Dadhocha water reservoir on river Soan, 35 km from Rawalpindi in Murree hills to supply drinking water to citizens of Rawalpindi and Islamabad after
Published 03 Jan, 2018 12:00am
KPCSW launches web portal to promote women empowerment

KPCSW launches web portal to promote women empowerment

Khyber Pakhtunkhwa Commission on Status of Women (KPCSW) has launched a Web portal, aiming at to promote women empowerment agenda in the province. In this connection, a launching ceremony was organised by Blue Veins Organisation at press club here on Tues
Published 03 Jan, 2018 12:00am
'Islamabad City Tour' to begin on January 10

'Islamabad City Tour' to begin on January 10

The Punjab governor will perform the inauguration of Islamabad City Tour, a bus service on January 10. The opening ceremony would also be graced by eminent personalities like former tourism minister, Nelofar Bakhtiar, MNAs, MPAs, commissioners of the twin
Published 03 Jan, 2018 12:00am
Minister blames India for alarming smog level

Minister blames India for alarming smog level

Federal Minister for Climate Change, Mushahidullah Khan has said that neighboring India is responsible for increasing smog level in Pakistan, adding he has already written a letter to the Foreign Office to take up the issue with India. While talking to me
Published 03 Jan, 2018 12:00am
ANF seizes huge quantity of drugs, chemical during 2017

ANF seizes huge quantity of drugs, chemical during 2017

Anti Narcotics Force (ANF) registered 1172 cases, arrested 1338 persons including 27 foreign nationals involved in drug trafficking, seized 164.07 metric tons of drugs and 56.358 metric tons of prohibited chemical while busted 9 domestic and 1 internation
Published 03 Jan, 2018 12:00am
Reference against Dar: hearing adjourned to January 18

Reference against Dar: hearing adjourned to January 18

The Accountability Court Tuesday adjourned hearing of a corruption reference against former Finance Minister Ishaq Dar till January 18 after the prosecution submitted a copy of Islamabad High Court's (IHC) stay orders. National Accountability Bureau (NAB)
Published 03 Jan, 2018 12:00am
Imposition of super tax: identical petitions dismissed

Imposition of super tax: identical petitions dismissed

The Lahore High Court has dismissed several identical petitions challenging imposition of super tax inserted through Finance Act 2015. Different industries and individuals had assailed the super tax pleaded that the super tax was not a tax and could not b
Published 03 Jan, 2018 12:00am
Regional Tax Office rewards squad for seizing illicit cigarettes

Regional Tax Office rewards squad for seizing illicit cigarettes

The Regional Tax Office (RTO) II rewarded officers and officials the tobacco squad for conducting successful raids and seizing 7,230,000 sticks of illicit cigarettes from Sheikhupura in the month of November. Gift vouchers were distributed by FBR's Inland
Published 03 Jan, 2018 12:00am
University of Agriculture Faisalabad awards five PhD degrees

University of Agriculture Faisalabad awards five PhD degrees

The University of Agriculture Faisalabad (UAF) has produced five more PhDs, totaling the number 1,610. The five scholars including Zahida Kousar from National Institute of Food Science and Technology; Umair Talib from Institute of Agricultural Extension a
Published 03 Jan, 2018 12:00am
ABL's Allied Capital Protected Fund launched
Mutual Funds

ABL's Allied Capital Protected Fund launched

ABL Asset Management has announced the launch of Allied Capital Protected Fund (ACPF).It is second in the series of Open End Capital protected funds. ACPF is suitable for the investors who are risk averse and want 100 percent capital protection. The Fund
Published 03 Jan, 2018 12:00am
ABL's Allied Capital Protected Fund launched
Mutual Funds

ABL's Allied Capital Protected Fund launched

ABL Asset Management has announced the launch of Allied Capital Protected Fund (ACPF).It is second in the series of Open End Capital protected funds. ACPF is suitable for the investors who are risk averse and want 100 percent capital protection. The Fund
Published 03 Jan, 2018 12:00am
FGA jirga invites opponents for dialogue

FGA jirga invites opponents for dialogue

To settle the issue of merging of Federally Administer Tribal Areas (FATA) into Khyber Pakhtunkhwa or to take up other alternative choice, FATA Grand Alliance (FGA) invited opponent factions for dialog to solve the issue permanently. Speaking in press con
Published 03 Jan, 2018 12:00am
Course for CERTs

Course for CERTs

The Director General, Punjab Emergency Service (Rescue 1122) Dr Rizwan Naseer formally inaugurated a four-day long course for establishing Community Emergency Response Teams (CERTs) in all union councils of Punjab held at the Managers Training Centre (MTC
Published 03 Jan, 2018 12:00am
Eight suspects held in cop's killing case

Eight suspects held in cop's killing case

The city police on Tuesday rounded up at least eight suspects in connection with killing of a police constable and injuring another at a police picket in Defence area on Sunday night. Though the police officials are reluctant to officially share details o
Published 03 Jan, 2018 12:00am
Families of martyred cops handed over houses

Families of martyred cops handed over houses

Capital City Police Officer (CCPO) Lahore Amin Wains on Tuesday handed over keys of newly-constructed houses to four families of martyred cops who sacrificed their lives in the line of duty. In a ceremony held at the CCPO office here on Tuesday, the CCPO
Published 03 Jan, 2018 12:00am
Rajwana felicitates FPCCI office-bearers

Rajwana felicitates FPCCI office-bearers

Governor Punjab Rafique Rajwana Tuesday greeted the newly elected office bearers of the Federation of Pakistan Chamber of Commerce and Industry and said maximum efforts were being made to facilitate the business community which was revenue generator and e
Published 03 Jan, 2018 12:00am
New finance team to overcome trade deficit: PRGMEA
Cotton

New finance team to overcome trade deficit: PRGMEA

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA)has welcomed the appointment of Dr Miftah Ismail as Adviser to PM on Finance, Revenue and Economic Affairs and Rana Afzal Khan as State Minister for Finance, looking forward for wor
Published 03 Jan, 2018 12:00am
Economically strong Pakistan can handle pressures: LCCI

Economically strong Pakistan can handle pressures: LCCI

The Lahore Chamber of Commerce and Industry has said that only economically strong Pakistan could handle all sorts of international pressures, therefore "war against economic ills" should be started instantly and a task force for economic revival, having
Published 03 Jan, 2018 12:00am
US should adopt realistic approach: Iftikhar

US should adopt realistic approach: Iftikhar

Founder Chairman Pak-US Business Council Iftikhar Ali Malik, slamming the US President Donald Trump statement that Pakistan has 'given us nothing but lies and deceit', urged the US government to adopt realistic approach towards South Asia for durable peac
Published 03 Jan, 2018 12:00am
PFA seals bread factory

PFA seals bread factory

A special team of Punjab Food Authority led by Provincial Minister for Food Bilal Yaseen has inspected various food points, food manufacturing factories and vegetables cultivating fields located at different area in the city, on Monday. The team sealed a
Published 03 Jan, 2018 12:00am
Siraj condemns Trump's statement

Siraj condemns Trump's statement

The Chief of Jamaat-e-Islami, Sirajul Haq has condemned US President Trump's hate statement against Pakistan and said that US is levelling false allegations after its defeat in Afghanistan. Reacting to Trump's tweet, the JI chief said that the Zionist lob
Published 03 Jan, 2018 12:00am
Punjab government drops four mega projects

Punjab government drops four mega projects

The Punjab government has dropped four mega projects due to the paucity of funds, said sources. According to the sources, a summary forwarded to the Chief Minister Punjab for the release of Rs 5 billion for these mega projects has been turned down. They s
Published 03 Jan, 2018 12:00am
Body formed to probe into cylinder blast

Body formed to probe into cylinder blast

Punjab Chief Minister Muhammad Shahbaz Sharif has constituted a committee to investigate the incident of cylinder explosion in District Headquarters Hospital (DHQ) Attock. This committee will finalize its recommendations in 72 hours and submit the same to
Published 03 Jan, 2018 12:00am
APTMA chief seeks revival & growth of textile industry

APTMA chief seeks revival & growth of textile industry

The All Pakistan Textile Mills Association (APTMA) chairman Aamir Fayyaz has urged the government to announce and lay down the implementation mechanism for the agreed long-term policy for the revival and growth of the textile industry. "An early announcem
Published 03 Jan, 2018 12:00am
Quality of research work being improved in Punjab: PHEC chief

Quality of research work being improved in Punjab: PHEC chief

The Punjab Higher Education Commission (PHEC) made significant progress in 2017 towards improving the quality of higher education and research in Punjab. "In a short span of time, PHEC has achieved big milestones with limited resources. PHEC held four Com
Published 03 Jan, 2018 12:00am
Two Korean firms sign MoU with PBIT
Exchange

Two Korean firms sign MoU with PBIT

Two South Korean companies eager to invest in the field of primary healthcare and infrastructure development. Punjab Board of Investment and Trade (PBIT) signed Memorandum of Understanding with Chang Co Ltd operating in information technology, consulting
Published 03 Jan, 2018 12:00am
AUA&A campus: PM lauds PAF's valuable aviation assets
Exchange

AUA&A campus: PM lauds PAF's valuable aviation assets

Prime Minister Shahid Khaqan Abbasi Tuesday performed the groundbreaking of Air University Aerospace and Aviation Campus here at the newly established Aviation City and called for greater focus on indigenous efforts to confront the challenges ahead. Addre
Published 03 Jan, 2018 12:00am
KP-Fata merger JI holds 'Jirga' today

KP-Fata merger JI holds 'Jirga' today

In order to evolve future strategy against delaying the implementation of Fata reforms by federal government, Jamaat-e-Islami (JI) Khyber Pakhtunkhwa's sponsored 'Fata merger grand jirga' will be held today. The jirga which will be held at Peshawar Press
Published 03 Jan, 2018 12:00am
PTI government has made record achievements in all spheres: Khattak

PTI government has made record achievements in all spheres: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that the PTI government has made record achievements in all spheres and was near to get 100 per cent targets in multiple departments that included the construction of hundred sports grounds and an
Published 03 Jan, 2018 12:00am
Deceptive marketing practices: CCP imposes penalty on three developers

Deceptive marketing practices: CCP imposes penalty on three developers

The Competition Commission of Pakistan (CCP) has passed three orders imposing penalties of Rs 2.5 million each on Eden Builders (Pvt.) Limited and Green Field Developers (Pvt.) Limited and Rs 10 million on Vision Developers (Pvt.) Limited for deceptive ma
Published 03 Jan, 2018 12:00am
Khattak for early solarization of mosques across KP

Khattak for early solarization of mosques across KP

Chief Minister Khyber Pakhtunkhwa Pervez Khattak directed for the early award of contracts for the solarization of mosques throughout the province adding that the entire process should be undertaken and completed with the already decided timelines.
Published 03 Jan, 2018 12:00am
KP NAB's performance reviewed

KP NAB's performance reviewed

Director General NAB Khyber Pakhtunkhwa Brigadier Farooq Naser Awan (retd) has said NAB will provide relief to the general public through accountability regime in the light of the vision of Chairman NAB former Justice Javed Iqbal for the prosperity of peo
Published 03 Jan, 2018 12:00am
Pheasants shooting season-2018

Pheasants shooting season-2018

Wildlife & Parks Department Punjab has constituted three committees to give final shape to arrangements for holding Pheasants Shooting Programme 2018 in Kallar Kahar area of the province. Hunters intending to participate in this shooting programme have be
Published 03 Jan, 2018 12:00am
Tribal Areas Rewaj Bill referred to house committee

Tribal Areas Rewaj Bill referred to house committee

The National Assembly Standing Committee on States and Frontier Regions (SAFRON) Tuesday referred the Tribal Areas Rewaj Bill, 2017 to the house committee on Law and Justice for input. A meeting of the National Assembly Standing Committee on SAFRON, chair
Published 03 Jan, 2018 12:00am
Doctors killing: PDA Youth Forum demands arrest of killers

Doctors killing: PDA Youth Forum demands arrest of killers

Provincial Doctors Association (PDA) Youth Forum has expressed great resentment over inability of provincial government and authorities concerned to arrest killers of Dr Wajid Ali and Dr Khurshid Alam immediately, who were gunned down by unknown armed peo
Published 03 Jan, 2018 12:00am
Three killed in rival groups' clash
Exchange

Three killed in rival groups' clash

The death toll has risen to three as a result of clash between two rival groups at a marriage hall in Gulbahar area of Peshawar. As per details, members of Malik Saleem group and Malik Altaf group exchanged fire at a wedding hall in the jurisdiction of Ha
Published 03 Jan, 2018 12:00am
AJK to get direct access to FBR's STRIVe & IRIS systems

AJK to get direct access to FBR's STRIVe & IRIS systems

The Federal Board of Revenue has agreed to provide access of Sales Tax Real-time Invoice Verification (STRIVe) and IRIS return filing systems to Azad Jammu & Kashmir (AJK) tax authorities and taxpayers to file their sales tax and income tax returns throug
Published 03 Jan, 2018 12:00am
Sharif's Saudi visit: Maryam criticises reports

Sharif's Saudi visit: Maryam criticises reports

Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz Tuesday criticised false media reports speculating about Nawaz and Shehbaz Sharif's visits to Saudi Arabia. "How many lies will you spew? You have to answer to God too," Maryam posted on Twitter.
Published 03 Jan, 2018 12:00am
Railways property in Chaman: SBP appointed as independent evaluator

Railways property in Chaman: SBP appointed as independent evaluator

Ministries of Finance and Railways on Tuesday agreed to appoint State Bank of Pakistan as independent evaluator for the Railways property in Chaman measuring 6.03 acres of land, which was transferred in the name of Pakistan Telecommunication Company Limit
Published 03 Jan, 2018 12:00am
Janjua disappointed: over Trump's anti-Pakistan tweet

Janjua disappointed: over Trump's anti-Pakistan tweet

The new ambassador of the Peoples Republic of China to Pakistan, Yao Jing, called on National Security Adviser Lieutenant-General Nasser Khan Janjua (retd) in Islamabad on Tuesday. Besides other issues, President Trump's latest tweet on Pakistan came unde
Published 03 Jan, 2018 12:00am
FIA official held for bogus degrees

FIA official held for bogus degrees

The Federal Investigation Agency (FIA) has arrested its deputy director after his educational degrees were proved bogus. An official said that FIA has registered a case against Deputy Director Nauman Ashraf Bodla after he failed to prove that his educatio
Published 03 Jan, 2018 12:00am
Trump's tweet: Shah demands joint session of Parliament

Trump's tweet: Shah demands joint session of Parliament

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has said that the government should summon a joint session of the Parliament to prepare a joint strategy regarding US President Donald Trump's anti-Pakistan statement and revisit the
Published 03 Jan, 2018 12:00am
Establishment of national centre: NA body approves two different bills

Establishment of national centre: NA body approves two different bills

The National Assembly Standing Committee on Interior Tuesday approved two different bills for establishment of national centre for countering violent extremism and ensuring transparency in payment of minimum wages. The committee which met with MNA Rana Sh
Published 03 Jan, 2018 12:00am
PPP plans cake-cutting ceremonies to mark Benazir Bhutto's birth

PPP plans cake-cutting ceremonies to mark Benazir Bhutto's birth

The Pakistan People's Party (PPP) Lahore has planned month-long cake-cutting ceremonies to mark 90th birth anniversary of Zulfiqar Ali Bhutto. President PPP Lahore Aziz-ur-Rehman Chan said the objective is to pay tributes to the towering figure of Bhutto
Published 03 Jan, 2018 12:00am
Lotte Chemical Pakistan Limited
Mutual Funds

Lotte Chemical Pakistan Limited

Lotte Chemical Pakistan Limited (LCPL) is a manufacturer and supplier of Purified Terephthalic Acid (PTA). PTA is the primary raw material for producing Polyester fiber, Polyester filament yarn (PFY), Polyester film and Polyethylene Terephthalate (PET). L
Published 03 Jan, 2018 12:00am
Lotte Chemical Pakistan Limited
Mutual Funds

Lotte Chemical Pakistan Limited

Lotte Chemical Pakistan Limited (LCPL) is a manufacturer and supplier of Purified Terephthalic Acid (PTA). PTA is the primary raw material for producing Polyester fiber, Polyester filament yarn (PFY), Polyester film and Polyethylene Terephthalate (PET). L
Published 03 Jan, 2018 12:00am
Increase in petroleum prices challenged in Supreme Court

Increase in petroleum prices challenged in Supreme Court

Recent increase in prices of petroleum products came into question before the apex court as it has been urged to declare the raise as violation of fundamental rights in larger interest of the public. After the recent revision, the price of petrol has been
Published 03 Jan, 2018 12:00am
Trump's tweet: NA body meeting called

Trump's tweet: NA body meeting called

The Speaker of the National Assembly (NA) of Pakistan has called the sixth meeting of the Parliamentary Committee on National Security on Thursday (tomorrow). The meeting is called to discuss issues relating to national security following US President Don
Published 03 Jan, 2018 12:00am
One Levies official injured in Dera Bugti
Exchange

One Levies official injured in Dera Bugti

One Levies personnel sustained injuries in exchange of fire between security forces and terrorists when some unidentified armed terrorists attacked a levies check post in Sangseela Road here on Tuesday. According to security sources, some unidentified arm
Published 03 Jan, 2018 12:00am
US MIDDAY: gold prices extend rally

US MIDDAY: gold prices extend rally

Gold extended its rally into the new year on Tuesday, touching late September highs on a softer US dollar, while spot palladium jumped to a record on fears of short supplies after soaring 57 percent in 2017. Spot gold was up 1 percent at $1,315.11 per oun
Published 03 Jan, 2018 12:00am
US MIDDAY: wheat rallies

US MIDDAY: wheat rallies

US wheat futures rallied 1.7 percent to their highest in nearly four weeks on Tuesday on concerns about sub-zero temperatures damaging the dormant crop in crucial growing areas of the United States, traders said. The gains in wheat spurred increases in co
Published 03 Jan, 2018 12:00am
Drought deepens in Argentine soya province of Buenos Aires
Exchange

Drought deepens in Argentine soya province of Buenos Aires

Argentina's bread-basket province of Buenos Aires will remain mostly dry over the days ahead, meteorologists said on Tuesday, after reporting scant rains over the weekend in the country's biggest and most productive farm area. The drought in some parts of
Published 03 Jan, 2018 12:00am
Copersucar mills planning higher ethanol output

Copersucar mills planning higher ethanol output

Brazil's Copersucar, the world's largest sugar merchant, expects the country's center-south mills to increase ethanol production to take advantage of higher demand and prices for the biofuel, Chairman Luis Roberto Pogetti told Reuters on Monday. Speaking
Published 03 Jan, 2018 12:00am
Gold hits three-month peak in European trade
Currency

Gold hits three-month peak in European trade

Gold hit its highest since late September on Tuesday, extending a year-end rally that saw the metal rise 4.4 percent in the last three weeks of 2017, as a further retreat in the dollar drove prices above $1,310 an ounce. Palladium prices meanwhile bounced
Published 03 Jan, 2018 12:00am
Gold surges in Asia

Gold surges in Asia

Gold prices began 2018 on a stronger note on Tuesday after prices hit their highest in more than three months, supported by technical factors after breaking above $1,300 an ounce last week. Spot gold rose 0.5 percent to $1,308.31 an ounce at 0739 GMT, hav
Published 03 Jan, 2018 12:00am
Arabica coffee extends advance, sugar hits one-month peak
Currency

Arabica coffee extends advance, sugar hits one-month peak

Arabica coffee futures on ICE rose on Tuesday, extending their recent run-up, while fund short-covering helped raw sugar to a one-month high. March arabica coffee rose 2.3 cents, or 1.8 percent, to $1.2850 per lb by 1456 GMT, with the market on track for
Published 03 Jan, 2018 12:00am
Palm oil climbs on strong exports, gains in related oils
Exchange

Palm oil climbs on strong exports, gains in related oils

Malaysian palm oil futures rose more than 1 percent on Tuesday evening, tracking related edible oils and supported by improving export demand. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 1.2 percent t
Published 03 Jan, 2018 12:00am
Brazil cuts sugar cane crop forecast

Brazil cuts sugar cane crop forecast

Brazil's government on Tuesday reduced its forecast for the country's 2017/18 sugar cane crop to 635.59 million tonnes, a 3.3 percent fall from the prior cycle, citing a reduction in planted area in the world's largest producer. Despite good weather durin
Published 03 Jan, 2018 12:00am
Oil hits highest since mid-2015 but settles down as outages abate

Oil hits highest since mid-2015 but settles down as outages abate

Oil prices hit mid-2015 highs in early trading on Tuesday but dipped to settle slightly lower as major pipelines in Libya and the UK restarted and US production soared to the highest level in more than four decades. It was the first time since January 201
Published 03 Jan, 2018 12:00am
Saudi Arabia may keep Arab Light crude to Asia near three-year high

Saudi Arabia may keep Arab Light crude to Asia near three-year high

Top oil exporter Saudi Arabia is expected to keep the February price for Arab Light crude steady, close to the highest in more than three years, while lowering prices for medium and heavy grades, a survey by Reuters showed on Tuesday. Robust spot crude de
Published 03 Jan, 2018 12:00am
Deficits on the horizon drive zinc to 10-year peak, copper slips
Exchange

Deficits on the horizon drive zinc to 10-year peak, copper slips

Zinc scaled 10-year peaks on Tuesday as the market focused on looming deficits due to falling supplies, but gains were capped as prices are at levels which are likely to encourage investment in new output. Benchmark zinc ended up 0.9 percent at $3,349 a t
Published 03 Jan, 2018 12:00am
Shanghai copper down
Exchange

Shanghai copper down

The most-traded copper contract on the Shanghai Futures Exchange closed 0.6 percent lower at 55,250 yuan ($8,506.94) a tonne on Tuesday on bets that demand in top consumer China will improve in 2018, keeping prices near four-year highs at the start of tra
Published 03 Jan, 2018 12:00am
Iran reopens all border posts with Iraqi Kurdistan

Iran reopens all border posts with Iraqi Kurdistan

Iran on Tuesday reopened the last two border posts with Iraqi Kurdistan that it closed in response to an independence vote rejected by Baghdad and neighbouring countries, officials said. The Iranian consulate in the Kurdish autonomous region's capital Arb
Published 03 Jan, 2018 12:00am
Deep freeze keeps grip on eastern US; four die

Deep freeze keeps grip on eastern US; four die

A record-shattering Arctic freeze kept its grip on much of the United States east of the Rocky Mountains on Tuesday but temperatures everywhere except the Northeast were expected to warm within 24 hours. Many school districts shut their classrooms due to
Published 03 Jan, 2018 12:00am
Bronx fire injures 16, including nine children

Bronx fire injures 16, including nine children

A fire destroyed a building and injured 16 people in the Bronx on Tuesday, just days after the worst fire in New York City in 25 years killed 12 people. "Our units arrived and were immediately faced with heavy fire. Numerous people were brought out of the
Published 03 Jan, 2018 12:00am
France to put phones in prison cells in bold shift

France to put phones in prison cells in bold shift

France plans to install landline phones in prison cells across the country in an ambitious bid to improve rehabilitation rates - and cut down on rampant cellphone trafficking behind bars. The justice ministry said Tuesday that it had called for bids to op
Published 03 Jan, 2018 12:00am
Indian doctors strike over alternative medicine plan

Indian doctors strike over alternative medicine plan

Doctors across India went on strike Tuesday over a controversial bill that would allow practitioners of alternative therapies such as homeopathy to practise as medical doctors. More than 300,000 private and public doctors in the country of 1.25 billion ca
Published 03 Jan, 2018 12:00am
Israel law tightens hold on occupied Jerusalem sectors

Israel law tightens hold on occupied Jerusalem sectors

Israel's parliament on Tuesday gave final approval to legislation aimed at making it more difficult for the government to hand the Palestinians parts of Jerusalem under any future peace deal. The bill, approved by a 64 to 51 vote, is the latest blow to re
Published 03 Jan, 2018 12:00am
South Korea proposes high-level talks with North

South Korea proposes high-level talks with North

South Korea Tuesday proposed high-level talks with Pyongyang on January 9, after the North's leader Kim Jong-Un called for better relations and said his country might attend the Winter Olympics in the South. Kim used his annual New Year address to warn he
Published 03 Jan, 2018 12:00am
Gunmen kill 14 churchgoers in Nigeria shooting

Gunmen kill 14 churchgoers in Nigeria shooting

Gunmen killed at least 14 churchgoers returning from a midnight service on Monday in Nigeria's Rivers State, a police source told AFP, the latest violence to hit the oil-rich region. "The gunmen opened fire on a set of worshippers at about 12:30 am on Mon
Published 03 Jan, 2018 12:00am
Moldovan court suspends president's powers

Moldovan court suspends president's powers

The Moldovan constitutional court temporarily suspended the powers of President Igor Dodon on Tuesday following his refusal to approve the appointment of several pro-Europe ministers. Dodon, a figurehead leader who backs closer ties with Russia, repeatedl
Published 03 Jan, 2018 12:00am
FTSE retreats from record as sterling rises

FTSE retreats from record as sterling rises

Britain's top share index fell back from a record high on Tuesday, with dollar-earning exporters hit hardest as sterling rose. Britain's FTSE index ended the session 0.5 percent lower at 7,648.10 points, slightly underperforming European peers on the firs
Published 03 Jan, 2018 12:00am
LatAm markets kick off 2018 with a rally

LatAm markets kick off 2018 with a rally

Latin American markets started 2018 on Tuesday on a strong footing as solid global economic growth data drove investors to unwind year-end hedges. China's Caixin index of Chinese industry rose to a four-month high of 51.5 in December, confounding forecast
Published 03 Jan, 2018 12:00am
Australian shares down

Australian shares down

Australian shares ended marginally lower on Tuesday in lacklustre trade as several major financial markets worldwide remained closed for the New Year's holiday. The S&P/ASX 200 index ended down 0.06 percent, or 3.8 points, at 6,061.3, lowest close since D
Published 03 Jan, 2018 12:00am
TSX dips on financials
Exchange

TSX dips on financials

Canada's main stock index was slightly lower in morning trade on Tuesday, weighed by losses among financial stocks while gold miners and marijuana producers pushed higher. At 10:03 am ET (1503 GMT), the Toronto Stock Exchange's S&P/TSX composite index ros
Published 03 Jan, 2018 12:00am
European stocks see faltering start to 2018 as autos weigh

European stocks see faltering start to 2018 as autos weigh

European stocks faltered at the start of the trading year on Tuesday as autos stocks fell and strength in the euro weighed, while trading was cautious ahead of the launch of a major reform of European Union financial markets. The pan-European STOXX 600 in
Published 03 Jan, 2018 12:00am
China stocks rally
Exchange

China stocks rally

China stocks started 2018 on a bullish note following a survey showing better-than-expected manufacturing activity in December. A private business survey showed growth in China's manufacturing sector unexpectedly rose to a four-month high in December than
Published 03 Jan, 2018 12:00am
Indian shares little changed

Indian shares little changed

Indian shares closed little changed on Tuesday as caution prevailed ahead of corporate results next week, while oil retailers such as Bharat Petroleum Corp Ltd fell after crude prices strengthened. The benchmark BSE index ended flat at 33,812.26, while th
Published 03 Jan, 2018 12:00am
Hong Kong stocks rise to 10-year high

Hong Kong stocks rise to 10-year high

Hong Kong stocks rose the most in three months to a decade-high on Tuesday, led by mainland companies listed in the city, after Beijing kicked off H-share convertibility reform. The market was also aided by China's stronger-than-expected factory activity,
Published 03 Jan, 2018 12:00am
Southeast Asian markets: Singapore hits near three-week high

Southeast Asian markets: Singapore hits near three-week high

Singapore shares climbed nearly 1 percent on Tuesday, buoyed by data showing the city-state's economy grew last year at its fastest pace since 2014, while Indonesia reversed course to end lower after touching a record high. The Singapore index closed at i
Published 03 Jan, 2018 12:00am
Sri Lankan shares up on large caps

Sri Lankan shares up on large caps

Sri Lankan shares rose for a seventh straight session to hit a near five-week closing high on Tuesday as investors picked up large caps, with sentiment expected to remain positive after the central bank kept key policy rates unchanged last week. The Colom
Published 03 Jan, 2018 12:00am
New year jitters for bond markets as ECB cuts back stimulus

New year jitters for bond markets as ECB cuts back stimulus

Borrowing costs across the euro area shot higher on Tuesday as a cut in monthly ECB asset purchases became a reality, with hawkish comments from a top official and strong data hurting sentiment towards bonds on the first trading day of the year. Bonds fro
Published 03 Jan, 2018 12:00am
New year jitters for bond markets as ECB cuts back stimulus

New year jitters for bond markets as ECB cuts back stimulus

Borrowing costs across the euro area shot higher on Tuesday as a cut in monthly ECB asset purchases became a reality, with hawkish comments from a top official and strong data hurting sentiment towards bonds on the first trading day of the year. Bonds fro
Published 03 Jan, 2018 12:00am
UAE, Qatar markets up as year starts, Saudi still soft after petrol hike

UAE, Qatar markets up as year starts, Saudi still soft after petrol hike

Stock markets in the United Arab Emirates and Qatar rose as they opened for the first day of trade in 2018, while Saudi Arabia continued to slip after a hike in domestic gasoline prices. The Dubai index had a poor 2017, falling 4.6 percent, but it rose 1.
Published 03 Jan, 2018 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian and New Zealand dollars held firm on Tuesday as an unexpectedly upbeat survey of Chinese manufacturing activity and broad softness in their US counterpart augured well for Antipodean commodity exports. The Aussie dollar made a two-month top
Published 03 Jan, 2018 12:00am
Sterling nears $1.36, hits three-month high
Currency

Sterling nears $1.36, hits three-month high

Sterling kicked off the first trading day of 2018 by climbing to a three-month high close to $1.36 on Tuesday, with investors brushing off weaker-than-expected manufacturing data to focus on upcoming Brexit talks. The pound, which in 2017 recorded its bes
Published 03 Jan, 2018 12:00am
Sudan's pound drops
Exchange

Sudan's pound drops

The Sudanese pound's black market value dropped on January 1, the same day as the country devalued the currency, trading at 28.7 SDG per US dollar compared to 27 the day before, traders said. Sudan devalued the pound to an official rate of 18 SDG per doll
Published 03 Jan, 2018 12:00am
Asian currencies off to strong start for 2018
Currency

Asian currencies off to strong start for 2018

Asian currencies firmed on Tuesday, marking a strong start for the new year as sentiment was boosted by gains in the euro, while a weaker US dollar prompted further interest in Asia. The greenback saw its biggest annual drop in 2017 in more than a decade
Published 03 Jan, 2018 12:00am
Sri Lankan rupee falls
Exchange

Sri Lankan rupee falls

The Sri Lankan rupee closed lower on Tuesday, as demand for dollars from importers and banks taking positions on the first working day of the new year outweighed inward remittances and conversion of the US currency by exporters, dealers said. The spot rup
Published 03 Jan, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 82.70-82.70 (Previous 82.70-82.70).
Published 03 Jan, 2018 12:00am
Euro hits four-month high in Europe
Exchange

Euro hits four-month high in Europe

The euro traded close to its highest level in three years against a broadly weaker dollar on Tuesday, the first trading day of 2018, on optimism over a brightening economic picture in the euro zone. It finished 2017 with its best year against the dollar s
Published 03 Jan, 2018 12:00am
Dollar on defensive at start of 2018 in Asia
Exchange

Dollar on defensive at start of 2018 in Asia

The dollar languished near a three-month low versus a basket of major currencies on Tuesday as markets reopened at the start of 2018, while Asian currencies such as the Chinese yuan began the year on a high note. The dollar's index against a basket of six
Published 03 Jan, 2018 12:00am
Mauritanians eye dollars, euros in currency revamp
Currency

Mauritanians eye dollars, euros in currency revamp

Standing around market stalls in the Mauritanian capital, Nouakchott, currency traders have twin causes for celebration - the New Year and a surge in business. A revamp of the national currency is prompting many Mauritanians to haul out stashes of old ban
Published 03 Jan, 2018 12:00am
Jakarta launches first airport train to tackle gridlock

Jakarta launches first airport train to tackle gridlock

Jakarta launched the first train connecting its international airport to the city centre Tuesday as the sprawling Indonesian capital moves to tackle the gridlock that can make the trip an hours-long headache. The new system links Soekarno-Hatta Internatio
Published 03 Jan, 2018 12:00am
Tech icon ordered back to China sends wife instead

Tech icon ordered back to China sends wife instead

A major Chinese tech entrepreneur has defied regulators' orders to return home, writing Tuesday that his wife and brother would deal with the debt woes plaguing his LeEco conglomerate. Jia Yueting, the 44-year-old head of a tech empire that has spanned el
Published 03 Jan, 2018 12:00am
BP takes $1.5 billion hit over US tax changes, joining Shell

BP takes $1.5 billion hit over US tax changes, joining Shell

Oil giant BP will take a one-off $1.5 billion charge to adjust to new US tax rules, joining rival Royal Dutch Shell and other companies, but expects a long-term boost from the corporate-friendly tax rates, it said on Tuesday. The massive $1.5 trillion tax
Published 03 Jan, 2018 12:00am
Rent-A-Center CEO steps down

Rent-A-Center CEO steps down

Rent-A-Center Inc said on Tuesday that its Chief Executive Mark Speese had resigned and would be succeeded by former president Mitchell Fadel, effective immediately, amid the company's plan to explore strategic options. The rent-to-own furniture retailer
Published 03 Jan, 2018 12:00am
Banks 'reticent' to work with Sudan: finance minister

Banks 'reticent' to work with Sudan: finance minister

Sudanese Finance Minister Mohammed Osman al-Rikabi said on Tuesday that banks across the world are still wary of working with Khartoum despite the US ending a trade embargo. The United States ditched its 20-year trade embargo against Khartoum in October,
Published 03 Jan, 2018 12:00am
Eurozone factory growth surges to record; more uneven in Asia

Eurozone factory growth surges to record; more uneven in Asia

Eurozone factories ended 2017 growing at their fastest pace in more than two decades while performance in Asia was more uneven, with its third-largest economy India leading the field and manufacturing giant China unexpectedly resilient. With a similar bus
Published 03 Jan, 2018 12:00am
China boosts investment in Sri Lankan mega-project

China boosts investment in Sri Lankan mega-project

China will invest $1 billion in the construction of three 60-storey buildings at a mega-project near Sri Lanka's main port, Colombo said Tuesday, as Beijing aims to boost its influence in the Indian Ocean. The deal follows an earlier Chinese investment of
Published 03 Jan, 2018 12:00am
China injects more funds in December via liquidity tools

China injects more funds in December via liquidity tools

China's central bank injected a net 212.36 billion yuan ($32.7 billion) into the financial system via short- and medium-term liquidity tools in December, rising sharply from November as it sought to ease tight cash conditions before the year-end.
Published 03 Jan, 2018 12:00am
German workforce rises in 2017 by most in 10 years

German workforce rises in 2017 by most in 10 years

Germany's workforce expanded last year by the most in 10 years, data showed on Tuesday, underlining the strength of a labour market that has helped consumption overtake exports as the main driver of growth in Europe's largest economy. The workforce grew b
Published 03 Jan, 2018 12:00am
UK factory growth cools in December from four-year highs

UK factory growth cools in December from four-year highs

Growth in British manufacturing cooled last month from four-year highs struck in November, but the sector remained a bright spot in Britain's economy heading into 2018, a survey showed on Tuesday. In contrast to accelerating growth in the euro zone, the I
Published 03 Jan, 2018 12:00am
Kenya's GDP growth at 4.4 percent in third quarter

Kenya's GDP growth at 4.4 percent in third quarter

Kenya's gross domestic product grew by 4.4 percent in the third quarter of 2017, compared to 5.6 percent in the same period last year, the statistics office said on Friday. "The macroeconomic fundamentals remained largely stable and supportive of growth.
Published 03 Jan, 2018 12:00am
Siemens to gauge interest of state funds in Healthineers IPO: CEO

Siemens to gauge interest of state funds in Healthineers IPO: CEO

Siemens will test the appetite of sovereign wealth funds ahead of the planned listing of its healthcare unit Healthineers next year, its chief executive told a German weekly, possibly to secure anchor investors for the flotation. The listing of a minority
Published 03 Jan, 2018 12:00am
Siemens to gauge interest of state funds in Healthineers IPO: CEO

Siemens to gauge interest of state funds in Healthineers IPO: CEO

Siemens will test the appetite of sovereign wealth funds ahead of the planned listing of its healthcare unit Healthineers next year, its chief executive told a German weekly, possibly to secure anchor investors for the flotation. The listing of a minority
Published 03 Jan, 2018 12:00am
Australia home prices slip in December as Sydney slows

Australia home prices slip in December as Sydney slows

Home prices across Australia's major cities fell in December as the once red-hot Sydney market continued to cool in the face of tighter rules on investment lending, a relief to regulators but a potential drag on consumer spending power. Property consultan
Published 03 Jan, 2018 12:00am
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