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Archive - 2018-01-08
Sands Camping
Featured Photos

Sands Camping

Men enjoy their time at Al Reem Reserve camp, west of Riyadh, Saudi Arabia. Copyright Reuters, 2018
Published 08 Jan, 2018 05:26pm
PM arrives in Quetta
General News

PM arrives in Quetta

QUETTA: Prime Minister Shahid Khaqan Abbasi arrived here in the provincial metropolis on Monday evening. The Prim
Published 08 Jan, 2018 01:57pm
Euro pauses after strong run
Financial

Euro pauses after strong run

LONDON: The euro dipped a quarter of a percent on Monday as investors took profits after a recent rally though marke
Published 08 Jan, 2018 10:24am
Need for (imported) speed
Automobile

Need for (imported) speed

There is no stopping cars demand in Pakistan, be it imported or locally manufactured. The sale of locally manufactured c
Published 08 Jan, 2018 08:02am
Net Metering
Power Generation

Net Metering

More than a couple of distribution companies will be seen net metering in the country now. While initially Islamabad Ele
Published 08 Jan, 2018 08:01am
Lahore speed
Miscellaneous

Lahore speed

Lahore is probably the most vibrant city of Pakistan, with both its economy and population growth rates outpacing the re
Published 08 Jan, 2018 08:00am
Pakistan Navy ships visit Port Victoria, Seychelles

Pakistan Navy ships visit Port Victoria, Seychelles

Pakistan Navy Task Group comprising PNS KHAIBAR and PNS NASR visited Port Victoria, Seychelles, during an Overseas Deployment to East African Countries and Island States of Indian Ocean Region. A Pakistan Navy statement on Sunday said that PNS KHAIBAR is
Published 08 Jan, 2018 12:00am
PPIB pursuing power projects of 15,000 megawatts

PPIB pursuing power projects of 15,000 megawatts

The Private Power and Infrastructure Board (PPIB) is actively pursuing various power projects based on coal, hydel and RLNG of accumulative capacity of around 15,000 MW which will likely to completed in phases till 2024. Out of the total, projects having
Published 08 Jan, 2018 12:00am
BRT project: Khattak condemns Salman Shahbaz's statement

BRT project: Khattak condemns Salman Shahbaz's statement

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has condemned the views and allegations levelled by Salman Shahbaz son of Shahbaz Sharif CM Punjab casting aspersions and creating doubts about the transparent Bus Rapid Transit (BRT) project. In his tweet
Published 08 Jan, 2018 12:00am
Pakistan cannot afford to become victim of anarchy: Shahbaz

Pakistan cannot afford to become victim of anarchy: Shahbaz

Punjab Chief Minister Shahbaz Sharif on Sunday said that US President Donald Trump's accusations of harbouring terrorists and making lies against Pakistan are deplorable. Addressing an Ulema convention here, Shahbaz said the country has rendered supreme s
Published 08 Jan, 2018 12:00am
Prime Minister seeks Fazl's help to save government in Balochistan

Prime Minister seeks Fazl's help to save government in Balochistan

Prime Minister Shahid Khaqan Abbasi has on Sunday asked Jamiat Ulema-e-Islam- Fazl (JUI-F) Chief Maulana Fazlur Rehman for help regarding the no-confidence motion against Balochistan Chief Minister (CM) Sanaullah Zehri. According to details, the JUI-F chi
Published 08 Jan, 2018 12:00am
'Promotion of SMEs, women entrepreneur top on SCCI agenda'

'Promotion of SMEs, women entrepreneur top on SCCI agenda'

The president of Sialkot Chamber of Commerce and Industry (SCCI), Zahid Latif Malik has said that the promotion of SMEs and women entrepreneurs is top on the SCCI agenda. Talking to a group of journalists on Sunday, he said that special attention had been
Published 08 Jan, 2018 12:00am
Prices of essential food items remain stable

Prices of essential food items remain stable

Prices of essential food commodities remained unchanged in the preceding week as compared to last week, according to survey carried out by Business Recorder here on Sunday. The prices of important kitchen items mostly remained unchanged in retail m
Published 08 Jan, 2018 12:00am
Bilawal blames centre for political crisis in Balochistan

Bilawal blames centre for political crisis in Balochistan

Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari has said on Sunday that it seems as if ousted premier Nawaz Sharif does not wish for the ruling Pakistan Muslim League-Nawaz (PML-N) to complete its five-year tenure in the government. In a mes
Published 08 Jan, 2018 12:00am
Miftah, Shahbaz discuss economic situation

Miftah, Shahbaz discuss economic situation

Prime Minister's Adviser for Finance Miftah Ismail called on Chief Minister Punjab Shahbaz Sharif, here on Sunday and discussed the present economic situation of the country. Shahbaz Sharif said that achievement of sovereign and prosperous Pakistan is our
Published 08 Jan, 2018 12:00am
Mohatta Palace preserved as cultural heritage: Zubair

Mohatta Palace preserved as cultural heritage: Zubair

The Mohatta Palace has been preserved as a cultural heritage, said the Governor of Sindh, Muhammad Zubair, here. A Governor House statement on Sunday said that Zubair was addressing a meeting of the Mohatta Palace Museum. It said that the meeting was also
Published 08 Jan, 2018 12:00am
Sarfraz Shah killing: President not pardoned Rangers officials

Sarfraz Shah killing: President not pardoned Rangers officials

The President's House has turned down the BBC Urdu's report which claimed that President Mamnoon Hussain pardoned Rangers officials who had been sentenced to life imprisonment over June 2011 killing of a youth, Sarfraz Shah, inside a public park in Karach
Published 08 Jan, 2018 12:00am
Entries for media awards invited from KP-Fata newsmen

Entries for media awards invited from KP-Fata newsmen

The five member judges committee for the 3rd Amir Ahmed Siddiqui Media Awards has invited entries for the contest by January 31, 2018, said a press issued here on Sunday. Journalists based in Khyber Pakhtunkhwa and Federally Administered Tribal Areas are
Published 08 Jan, 2018 12:00am
General elections must be held as per schedule: JI

General elections must be held as per schedule: JI

Chief of Jamaat-e-Islami senator Sirajul Haq has said that general elections must be held on schedule in order to avoid a political crisis in the country. He was addressing the Supreme Council of the JI Youth at Mansoora after his return from a twelve day
Published 08 Jan, 2018 12:00am
Performance of FIC highlighted

Performance of FIC highlighted

As many as 4,33,437 patients of heart diseases are provided medical treatment at out patients department and 1342 cardiac surgeries are carried out in Faisalabad Institute of Cardiology (FIC) during last year. This was informed by MS Dr Rai Zulfiqar in a
Published 08 Jan, 2018 12:00am
Israel says restoring Gaza power after PA pledge to pay

Israel says restoring Gaza power after PA pledge to pay

Israel will reverse a power cut to Gaza begun in June after the Palestinian Authority agreed to pay for its supply to the blockaded enclave, the energy ministry said Sunday. It said Energy Minister Yuval Steinitz had ordered the supply to be restored by M
Published 08 Jan, 2018 12:00am
Israel names 20 banned NGOs in anti-boycott push

Israel names 20 banned NGOs in anti-boycott push

Israel on Sunday named 20 foreign NGOs whose representatives are barred from its territory, saying that they support a boycott of the Jewish state over its occupation of Palestinian territory. Publication of the list of groups from Europe, the United Stat
Published 08 Jan, 2018 12:00am
Turkish Cypriots vote in snap legislative polls

Turkish Cypriots vote in snap legislative polls

Turkish Cypriots on Sunday voted in a snap parliamentary election overshadowed by last year's failure to reach a peace deal for the divided island in UN-backed talks. More than 190,500 people are registered to vote in the Turkish Republic of Northern Cypr
Published 08 Jan, 2018 12:00am
Jordan agrees to send aid to stranded Syrians

Jordan agrees to send aid to stranded Syrians

Jordan on Sunday said it had agreed to a UN request to deliver humanitarian aid to tens of thousands of Syrians stranded near a border crossing between the two countries. Foreign ministry spokesman Mohammed al-Kayed said, however, it will be a "one-off" o
Published 08 Jan, 2018 12:00am
Merkel 'optimistic' in new bid to end political impasse

Merkel 'optimistic' in new bid to end political impasse

Chancellor Angela Merkel voiced optimism as she opened talks Sunday with Germany's second biggest party on restoring their alliance, in a new attempt at shaking Europe's biggest economy out of political paralysis after September's inconclusive elections.
Published 08 Jan, 2018 12:00am
North Korea must stop nuke testing before any talks with US: Haley

North Korea must stop nuke testing before any talks with US: Haley

North Korea must stop conducting nuclear tests before the United States would enter into any talks with the isolated Pyongyang regime, US ambassador to the United Nations Nikki Haley said Sunday. "They have to stop testing. They have to be willing to talk
Published 08 Jan, 2018 12:00am
North Korea names delegates for inter-Korean talks

North Korea names delegates for inter-Korean talks

North Korea has named its delegation for a rare high-level meeting with the South this week, the unification ministry in Seoul said Sunday, as Japanese Prime Minister Shinzo Abe cautiously welcomed the talks. The two Koreas agreed Friday to hold their fir
Published 08 Jan, 2018 12:00am
Man dies in Stockholm blast; police see no terrorism link

Man dies in Stockholm blast; police see no terrorism link

One man died after an explosion outside an underground station in Stockholm on Sunday, police said, adding they did not believe the incident was terrorism-related. The man sustained fatal injuries after he picked up an object, a police spokesman said. Dai
Published 08 Jan, 2018 12:00am
Egypt ex-Prime Minister Shafiq says will not stand for president in 2018

Egypt ex-Prime Minister Shafiq says will not stand for president in 2018

Egypt's former prime minister Ahmed Shafiq said on Sunday that he will not now be a candidate in this year's presidential election, reversing a previous pledge to stand. His decision to step aside is likely to pave the way for the poll to be dominated by
Published 08 Jan, 2018 12:00am
Iran bans English in primary schools after leaders' warning

Iran bans English in primary schools after leaders' warning

Iran has banned the teaching of English in primary schools, a senior education official said, after Islamic leaders warned that early learning of the language opened the way to a Western "cultural invasion". "Teaching English in government and non-governm
Published 08 Jan, 2018 12:00am
Thaw in sight as brutal cold grips US East Coast

Thaw in sight as brutal cold grips US East Coast

Brutally cold temperatures broke further records on the US East Coast Sunday, but an end to the Arctic cold snap is in sight with warmer weather en route, forecasters said. The deep freeze follows a deadly winter storm, dubbed a "bomb cyclone," which was
Published 08 Jan, 2018 12:00am
Spanish army called in as snow traps thousands on roads

Spanish army called in as snow traps thousands on roads

Spain deployed 250 soldiers on Sunday to help rescue thousands of people trapped in their vehicles by heavy snow overnight on a highway near Madrid, officials said. The army's emergency unit UME said it sent two companies of specialist soldiers and 95 veh
Published 08 Jan, 2018 12:00am
Saudi warplane crashes in Yemen

Saudi warplane crashes in Yemen

A Saudi warplane from the coalition battling rebels in Yemen crashed on Sunday because of "technical failure", the coalition and state media said, adding that both crew were rescued. The plane "had a technical failure at 15:40 (1840 GMT) and crashed... in
Published 08 Jan, 2018 12:00am
French pop star France Gall dies

French pop star France Gall dies

Singer France Gall, whose hits - including a Eurovision triumph with Serge Gainsbourg - made her an icon of French pop music, has died aged 70. Gall passed away on Sunday after a two-year struggle against cancer, French media reported.
Published 08 Jan, 2018 12:00am
One killed, thousands displaced after Madagascar cyclone

One killed, thousands displaced after Madagascar cyclone

One person was killed, three are missing and thousands have been displaced after tropical cyclone Ava tore through Madagascar, authorities said late Saturday. The cyclone, which made landfall on Friday morning, lashed the eastern part of the African islan
Published 08 Jan, 2018 12:00am
Yemeni party names new leader

Yemeni party names new leader

The party of former Yemeni president Ali Abdullah Saleh named a new leader on Sunday after he was killed last month by the Iran-aligned Houthi movement his one-time allies in the country's civil war. Questions have arisen over where the loyalty of the Gen
Published 08 Jan, 2018 12:00am
Two migrants dead, 290 rescued off Libya coast

Two migrants dead, 290 rescued off Libya coast

Two women were found dead and 290 migrants rescued from two boats off the coast of Libya on Sunday, the navy said. The migrants were rescued off the coast of Garabulli, 50 kilometres (30 miles) east of Tripoli, then taken to the capital, naval officer Mef
Published 08 Jan, 2018 12:00am
Zambia declares curfew in Lusaka slum struck by cholera

Zambia declares curfew in Lusaka slum struck by cholera

Zambia has declared a curfew in a poor Lusaka township badly affected by a cholera outbreak that has killed 58 people across the country since September, the government said on Sunday. The curfew in Kanyama, a densely populated slum of iron-roofed shacks
Published 08 Jan, 2018 12:00am
Cambodia marks 39 years since fall of brutal 'killing fields' regime

Cambodia marks 39 years since fall of brutal 'killing fields' regime

Thousands of Cambodian survivors of the Khmer Rouge on Sunday marked 39 years since the fall of the brutal regime that killed an estimated 1.7 million people. Up to 40,000 people attended an event in the capital Phnom Penh, organised by the ruling Cambodi
Published 08 Jan, 2018 12:00am
Foxconn worker in China dies after jumping from window

Foxconn worker in China dies after jumping from window

A worker at a factory in China operated by iPhone maker Foxconn died on Saturday after jumping from a window, according to a statement from China Labour Watch, a US-based activist organisation, which cited information from employees. Ming Li was a dispatc
Published 08 Jan, 2018 12:00am
England lurching to defeat after Marsh brothers' tons

England lurching to defeat after Marsh brothers' tons

Nathan Lyon was hailed as Australia's "key" bowler as the team closes in on an emphatic victory in the final Ashes Test after beleaguered England unravelled on a torrid day in Sydney on Sunday. The Australians amassed a massive 303-run innings lead in bli
Published 08 Jan, 2018 12:00am
KPK squad for National Boxing Championship announced

KPK squad for National Boxing Championship announced

Secretary KP Boxing Association Syed Kamal Khan Sunday announced Khyber Pakhtunkhwa Boxing Squad for the forthcoming 36th National Boxing Championship to be played at Lahore from January 19-24, 2018. Talking to media, he said that they had held a day long
Published 08 Jan, 2018 12:00am
Messi marks new milestone in Barcelona victory

Messi marks new milestone in Barcelona victory

Lionel Messi marked his 400th appearance in La Liga with the opening goal as Barcelona eased to a 3-0 win over Levante at the Camp Nou on Sunday. Messi's 365th goal in Spain's top flight came inside 12 minutes, with Luis Suarez adding the second before th
Published 08 Jan, 2018 12:00am
Play abandoned in South Africa-India Test

Play abandoned in South Africa-India Test

Rain prevented any play on the third day of the first Test between South Africa and India at Newlands on Sunday, but with fine weather expected for the remaining two days there is still a good chance of a result. South Africa were on 65 for two in their s
Published 08 Jan, 2018 12:00am
Barry's takes Lieutenant General Shah Rafi Alam Memorial Polo Cup

Barry's takes Lieutenant General Shah Rafi Alam Memorial Polo Cup

Barry's clinched the Lieutenant General Shah Rafi Alam Memorial Polo Cup 2018 after defeating Jubilee Insurance/Master Paints by 5-41/2 in the thrilling final played here at the Lahore Polo Club (LPC) ground on Sunday. Hernan Pieres and Raja Samiullah eme
Published 08 Jan, 2018 12:00am
Coutinho in Barcelona to tie up third-richest transfer

Coutinho in Barcelona to tie up third-richest transfer

Brazilian midfielder Philippe Coutinho was in Barcelona Sunday to tie up a 160-million-euro ($192 million) move from Liverpool, the third-richest deal of all time. "Bem-vindo! Welcome! Benvingut! ¡Bienvenido!" Barca tweeted to Coutinho along with a waving
Published 08 Jan, 2018 12:00am
Goerges humbles Wozniacki to seal Auckland title

Goerges humbles Wozniacki to seal Auckland title

World number 14 Julia Goerges won her third successive tournament as she blasted her way to a 6-4 7-6(4) victory over Caroline Wozniacki to seal the Auckland Classic title on Sunday. Goerges was rarely troubled by the world number three as she used a powe
Published 08 Jan, 2018 12:00am
Kyrgios claims Brisbane title

Kyrgios claims Brisbane title

Nick Kyrgios was at his brilliant best as he downed American Ryan Harrison to claim the Brisbane International in straight sets on Sunday. The 6-4, 6-2 win was the third-seeded Australian's fourth title on the ATP tour and his first on home soil.
Published 08 Jan, 2018 12:00am
Newport stun Leeds, West Ham survive FA Cup test

Newport stun Leeds, West Ham survive FA Cup test

Lowly Newport County came from behind to send Championship side Leeds United crashing out of the FA Cup on Sunday but Premier League West Ham stayed alive with a goalless draw at Shrewsbury. Elsewhere, Tottenham scored three goals in just eight second-hal
Published 08 Jan, 2018 12:00am
China's Wanda mulls sport unit IPO and sale of overseas assets

China's Wanda mulls sport unit IPO and sale of overseas assets

China's Dalian Wanda Group is considering a Hong Kong listing for its sports assets as part of efforts to rationalise its portfolio that could also include other sales, according to five people familiar with the situation. The conglomerate last month tapp
Published 08 Jan, 2018 12:00am
ECB should fix date to end bond purchases, says Weidmann

ECB should fix date to end bond purchases, says Weidmann

The European Central Bank should set a date to end its asset-buying programme, the head of Germany's Bundesbank, Jens Weidmann, told Spanish newspaper El Mundo. Tipped as a potential candidate to succeed ECB President Mario Draghi when his term expires at
Published 08 Jan, 2018 12:00am
ECB should fix date to end bond purchases, says Weidmann

ECB should fix date to end bond purchases, says Weidmann

The European Central Bank should set a date to end its asset-buying programme, the head of Germany's Bundesbank, Jens Weidmann, told Spanish newspaper El Mundo. Tipped as a potential candidate to succeed ECB President Mario Draghi when his term expires at
Published 08 Jan, 2018 12:00am
Japan's Abe urges central bank's Kuroda to keep up efforts on economy

Japan's Abe urges central bank's Kuroda to keep up efforts on economy

Japanese Prime Minister Shinzo Abe on Sunday called on central bank governor Haruhiko Kuroda to keep up efforts to reflate the economy, but added he was undecided on whether to reappoint Kuroda for another five-year term. Kuroda was handpicked by Abe to t
Published 08 Jan, 2018 12:00am
Saudi royal handouts to cost about $13 billion

Saudi royal handouts to cost about $13 billion

A package of handouts to Saudi Arabian citizens to compensate them for cost of living increases will cost the government about 50 billion riyals ($13.3 billion) this year, the information minister was quoted as saying on Sunday. "The allocation of 50 bill
Published 08 Jan, 2018 12:00am
Libya's NOC wins arbitration on Ras Lanuf refinery, calls for restart

Libya's NOC wins arbitration on Ras Lanuf refinery, calls for restart

Libya's National Oil Corp (NOC) said it had won two international arbitration cases over the 220,000 bpd-capacity Ras Lanuf refinery, and called for the refinery to restart as soon as possible. The NOC said in a statement that the arbitration cases, which
Published 08 Jan, 2018 12:00am
Surge in foreign fund inflows sets stage for Egyptian boom
Exchange

Surge in foreign fund inflows sets stage for Egyptian boom

Encouraged by Egypt's economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic about prospects for the North African country after years of political turmoil. Foreign holdings of Treasur
Published 08 Jan, 2018 12:00am
Surge in foreign fund inflows sets stage for Egyptian boom
Exchange

Surge in foreign fund inflows sets stage for Egyptian boom

Encouraged by Egypt's economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic about prospects for the North African country after years of political turmoil. Foreign holdings of Treasur
Published 08 Jan, 2018 12:00am
Sudan protesters burn tyres after bread price rise

Sudan protesters burn tyres after bread price rise

Sudanese police fired tear gas on Sunday at protesters burning tyres and blocking roads in Khartoum and areas of Darfur and Blue Nile states over soaring bread prices, witnesses said. Bread prices more than doubled this week as flour manufacturers raised
Published 08 Jan, 2018 12:00am
New Berlin airport needs up to one billion euros more before opening

New Berlin airport needs up to one billion euros more before opening

Berlin's much-delayed new airport needs up to 1 billion euros in extra funds before it can open, German newspaper Bild am Sonntag said on Sunday, in what would be another setback for the project which is expected to open in October 2020. The report said t
Published 08 Jan, 2018 12:00am
Bitcoin: Big in Japan
Exchange

Bitcoin: Big in Japan

Known as "Miss Bitcoin" on Japanese social media, Mai Fujimoto says she invests all of her savings in the virtual currency that has proved a huge hit in Japan. "I convert all my disposable income into cryptocurrency," the 32-year-old tells AFP. "I've been
Published 08 Jan, 2018 12:00am
US fund investors end 2017 cautious on domestic stocks
Mutual Funds

US fund investors end 2017 cautious on domestic stocks

US fund investors closed out 2017 in the same cautious stance where they started the year, favouring bonds and world stocks over equities in their home market, Investment Company Institute (ICI) data showed on Wednesday. Stock funds attracted $4.1 billion
Published 08 Jan, 2018 12:00am
US fund investors end 2017 cautious on domestic stocks
Mutual Funds

US fund investors end 2017 cautious on domestic stocks

US fund investors closed out 2017 in the same cautious stance where they started the year, favouring bonds and world stocks over equities in their home market, Investment Company Institute (ICI) data showed on Wednesday. Stock funds attracted $4.1 billion
Published 08 Jan, 2018 12:00am
Monte dei Paschi plans 10-year subordinated bond

Monte dei Paschi plans 10-year subordinated bond

Monte dei Paschi di Siena has hired a group of banks to issue a 10-year subordinated bond that will mark its return to the capital markets after being bailed out by the state last year, two market sources said. Monte dei Paschi's subordinated debt was con
Published 08 Jan, 2018 12:00am
Monte dei Paschi plans 10-year subordinated bond

Monte dei Paschi plans 10-year subordinated bond

Monte dei Paschi di Siena has hired a group of banks to issue a 10-year subordinated bond that will mark its return to the capital markets after being bailed out by the state last year, two market sources said. Monte dei Paschi's subordinated debt was con
Published 08 Jan, 2018 12:00am
Sterling 2018 outlook steady, but much depends on Brexit
Currency

Sterling 2018 outlook steady, but much depends on Brexit

The British pound is set to mostly hold steady against both a shaky dollar and the firming euro this year, but much will hinge on progress in Britain's talks with Brussels on its withdrawal from the European Union. Currency strategists polled by Reuters i
Published 08 Jan, 2018 12:00am
China's money rates fall after year end

China's money rates fall after year end

China's primary money market rates dropped this week as demand for funds eased after peak cash demand at the end of the year. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best indicator of
Published 08 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 Sunday. 82.75-82.75 (Previous 82.72-82.75).
Published 08 Jan, 2018 12:00am
Saudi market rises on royal handouts, Qatar outperforms

Saudi market rises on royal handouts, Qatar outperforms

Saudi Arabia's stock market rose on Sunday after King Salman announced a package of handouts for Saudi citizens to compensate for rising living costs, while Qatar was the strongest market in the region ahead of dividend announcements. The Saudi index gain
Published 08 Jan, 2018 12:00am
Tech salad will come with a side of SLAW in 2018

Tech salad will come with a side of SLAW in 2018

Much of the stock market's recent boom resided in an acronym: FAANG, for Facebook , Apple, Amazon, Netflix and Google, aka Alphabet. As important as they've become, investors tired of this trade can look forward in 2018 to a new set of letters to jumble i
Published 08 Jan, 2018 12:00am
Argentina sells $9 billion in oversubscribed dollar bonds
Exchange

Argentina sells $9 billion in oversubscribed dollar bonds

Argentina sold $9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America's third largest economy sold $1.75 billion in five-year b
Published 08 Jan, 2018 12:00am
Argentina sells $9 billion in oversubscribed dollar bonds
Exchange

Argentina sells $9 billion in oversubscribed dollar bonds

Argentina sold $9 billion in a three-part dollar bond issuance that was oversubscribed on Thursday, covering nearly a third of its expected financing needs for 2018 early in the year. Latin America's third largest economy sold $1.75 billion in five-year b
Published 08 Jan, 2018 12:00am
Emerging markets sailed through storms in 2017, what next?
Currency

Emerging markets sailed through storms in 2017, what next?

After a year of double-digit returns, one of the key questions for emerging markets in 2018 is whether they will continue to be insulated from one another's crises. Contagion, an intrinsic feature of the sector for years, shrank to such an extent that an
Published 08 Jan, 2018 12:00am
Emerging markets sailed through storms in 2017, what next?
Currency

Emerging markets sailed through storms in 2017, what next?

After a year of double-digit returns, one of the key questions for emerging markets in 2018 is whether they will continue to be insulated from one another's crises. Contagion, an intrinsic feature of the sector for years, shrank to such an extent that an
Published 08 Jan, 2018 12:00am
Airbus meets target by delivering over 700 jets in 2017

Airbus meets target by delivering over 700 jets in 2017

European planemaker Airbus delivered over 700 aircraft in 2017, breaking company records and meeting its core industrial target for the year, industry sources said. Exact figures have been kept under wraps ahead of an announcement on January 15, but the s
Published 08 Jan, 2018 12:00am
Insurers to pay out record $135 billion for 2017 after hurricanes

Insurers to pay out record $135 billion for 2017 after hurricanes

Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. German reinsurer Munich Re, in its annual natural catast
Published 08 Jan, 2018 12:00am
Tata, Singapore Airlines may assess bid for Air India: Vistara CEO

Tata, Singapore Airlines may assess bid for Air India: Vistara CEO

India's Tata Group and Singapore Airlines are open to potentially bidding for the indebted carrier Air India, a top official at a joint venture owned by the firms said on Friday. Air India, which was founded in the 1930s by the Tata Group and nationalised
Published 08 Jan, 2018 12:00am
New Deutsche Boerse CEO sees good year after 2017
Exchange

New Deutsche Boerse CEO sees good year after 2017

The new chief executive of Deutsche Boerse forecast 2018 would be a good year for the German stock exchange operator after a turbulent 2017 marred by an insider trading scandal, a failed merger and a profit warning. In a memo to staff on Tuesday, Theodor
Published 08 Jan, 2018 12:00am
Hyundai Motor, Kia Motors flag slow sales recovery in 2018

Hyundai Motor, Kia Motors flag slow sales recovery in 2018

South Korea's Hyundai Motor and Kia Motors on Tuesday flagged 4 percent sales growth in 2018, suggesting a slow recovery from a slump linked to their lack of SUVs in the United States and diplomatic tensions with China. Hyundai and smaller affiliate Kia s
Published 08 Jan, 2018 12:00am
Volkswagen to build autonomous cars with Silicon Valley firm

Volkswagen to build autonomous cars with Silicon Valley firm

The world's largest carmaker Volkswagen said on Thursday it would work with Silicon Valley firm Aurora to create self-driving cars, hoping to deploy fleets of autonomous taxis to city streets by 2021. "With Aurora, VW gains access to an experienced and gl
Published 08 Jan, 2018 12:00am
Marks & Spencer sells Hong Kong business to partner Al-Futtaim

Marks & Spencer sells Hong Kong business to partner Al-Futtaim

Marks & Spencer has sold its retail business in Hong Kong and Macau to its franchise partner Al-Futtaim as it retreats from international markets to focus on its core business in Britain, the company said on Tuesday. Al-Futtaim, which already operates 72
Published 08 Jan, 2018 12:00am
Dominion Energy to buy Scana Corp in $7.9 billion deal
Exchange

Dominion Energy to buy Scana Corp in $7.9 billion deal

Dominion Energy Inc said on Wednesday it would buy Scana Corp in an all-stock deal worth about $7.9 billion, offering the troubled utility a way out from dealing with spiralling costs and unhappy customers. Scana, which owns the South Carolina Electric &
Published 08 Jan, 2018 12:00am
Sprint appoints former Altice head Michel Combes as CFO

Sprint appoints former Altice head Michel Combes as CFO

Sprint Corp on Thursday appointed former Altice NV CEO Michel Combes as chief financial officer, a month after it struck a deal with the cable operator's US business to develop a 5G network. Combes was ousted from Altice NV in November as the company soug
Published 08 Jan, 2018 12:00am
Security flaws put virtually all phones, computers at risk

Security flaws put virtually all phones, computers at risk

Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp, Advanced Micro Devices Inc and ARM Holdings. One o
Published 08 Jan, 2018 12:00am
Zuckerberg makes 'fixing' Facebook a personal goal
Kerb

Zuckerberg makes 'fixing' Facebook a personal goal

Known for annual personal goals ranging from killing his own food to learning Mandarin, Facebook chief Mark Zuckerberg's stated mission for this year is to 'fix' the social network. Zuckerberg began taking on New Year's challenges in 2009, when he wore a
Published 08 Jan, 2018 12:00am
Intel flaws hint at tech 'too big to fail' risk

Intel flaws hint at tech 'too big to fail' risk

Tech groups like Amazon, Facebook and Alphabet are attracting increasing political heat for their dominance of markets like e-commerce, social media and web search. But a recently discovered security flaw in chips made by Intel, Advanced Micro Devices and
Published 08 Jan, 2018 12:00am
How Facebook could stop a disease outbreak?

How Facebook could stop a disease outbreak?

Facebook accounts and telephone records can be used to pinpoint the best individuals to vaccinate to stop a disease outbreak in its tracks, researchers said January 03. Such people would be "central" in their social networks, and thus likelier to spread d
Published 08 Jan, 2018 12:00am
Flawed computer chips and how to fix them

Flawed computer chips and how to fix them

As tech giants race against the clock to fix major security flaws in microprocessors, many users are wondering what lurks behind unsettling names like "Spectre" or "Meltdown" and what can be done about this latest IT scare.
Published 08 Jan, 2018 12:00am
Global coral bleaching five times greater than 1980s: study

Global coral bleaching five times greater than 1980s: study

Coral bleaching, a deadly disease that strikes reefs when oceans heat up, has risen nearly five-fold since the 1980s, threatening the future of these vital ecosystems, researchers said on Thursday. Severe coral bleaching events used to happen once every 2
Published 08 Jan, 2018 12:00am
Quarter of land will be drier under two degrees Celsius warming: study

Quarter of land will be drier under two degrees Celsius warming: study

More than a quarter of Earth's land surface will become "significantly" drier even if humanity manages to limit global warming to two degrees Celsius, the goal espoused in the Paris Agreement, scientists said on Monday. But if we contain average warming t
Published 08 Jan, 2018 12:00am
Immune boosting virus can be used to treat brain tumours

Immune boosting virus can be used to treat brain tumours

A trial of a potential new brain cancer treatment has shown that a virus injected directly into the bloodstream can reach tumours deep inside the brain and switch on the body's own defence system to attack them. The trial involved just nine patients, but
Published 08 Jan, 2018 12:00am
Traumatic events increase headaches and migraines

Traumatic events increase headaches and migraines

Teens exposed to traumatic or terror events may have a higher risk for weekly and daily migraines, according to a study of adolescents who survived a terror attack in Norway. The findings further the idea that violence and psychological trauma could lead
Published 08 Jan, 2018 12:00am
Stem cell transplant offers hope for scleroderma patients

Stem cell transplant offers hope for scleroderma patients

A stem cell transplant works better than medicine to extend the lives of people with scleroderma, an autoimmune disease in which the skin hardens and organs break down, researchers said on Wednesday. The findings in the New England Journal of Medicine poi
Published 08 Jan, 2018 12:00am
Beijing records best air quality in five years in 2017

Beijing records best air quality in five years in 2017

Air quality in China's notoriously smog-ridden capital in 2017 was the best since pollution control measures were implemented five years ago, the Beijing government announced on Wednesday. The city met its targets with year-on-year "improvement of regiona
Published 08 Jan, 2018 12:00am
2017 was second hottest year on record, after 2016

2017 was second hottest year on record, after 2016

Last year was the second hottest worldwide on record, just behind a sweltering 2016 with signs of climate change ranging from wildfires to a thaw of Arctic ice, a European Union monitoring centre said on Thursday. The Copernicus Climate Change Service, th
Published 08 Jan, 2018 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 02 to 05, 2018).

Published 08 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (January 07, 2018) and the forecast for Monday (January 08, 2018).

Published 08 Jan, 2018 12:00am
Trump cannot afford breaking off ties with Pakistan: NYT

Trump cannot afford breaking off ties with Pakistan: NYT

Trump cannot bear to sever the United States' linkages with "long-time" ally Pakistan, the New York Times warned early Sunday morning, saying such a move on his part could be detrimental for America and pave way for even better Sino-Pak relations. The pub
Published 08 Jan, 2018 12:00am
Musharraf for APML, MQM-P and PSP unification

Musharraf for APML, MQM-P and PSP unification

Former president General Pervez Musharraf (Retd) has proposed that his All Pakistan Muslim League, Farooq Sattar's MQM and Mustafa Kamal's Pak Sarzameen Party should unify under new name. Aaj News reported on Sunday night that Musharraf made this p
Published 08 Jan, 2018 12:00am
Moody Blues star Ray Thomas dead

Moody Blues star Ray Thomas dead

Musician and singer Ray Thomas, a founding member of the band Moody Blues, has died at the age of 76, his record label said on Sunday. Thomas, a flautist and vocalist, died suddenly at home in Surrey, England, on Thursday, according to a statement release
Published 08 Jan, 2018 12:00am
Iran Guards say quell unrest

Iran Guards say quell unrest

Iran's Revolutionary Guards said on Sunday the country's people and security forces had put an end to unrest fomented by foreign enemies, as parliament and security officials met to discuss the boldest challenge to the clerical establishment since 2009.
Published 08 Jan, 2018 12:00am
Iran Guards say quell unrest

Iran Guards say quell unrest

Iran's Revolutionary Guards said on Sunday the country's people and security forces had put an end to unrest fomented by foreign enemies, as parliament and security officials met to discuss the boldest challenge to the clerical establishment since 2009.
Published 08 Jan, 2018 12:00am
Ahmadinejad arrested

Ahmadinejad arrested

The former Iranian president Mahmoud Ahmadinejad has been arrested, Aaj News reported on Sunday. He was apprehended during a visit to the western city of Bushehr on December 28 on the reported charges that he was involved in inciting Iranians for a
Published 08 Jan, 2018 12:00am
Ahmadinejad arrested

Ahmadinejad arrested

The former Iranian president Mahmoud Ahmadinejad has been arrested, Aaj News reported on Sunday. He was apprehended during a visit to the western city of Bushehr on December 28 on the reported charges that he was involved in inciting Iranians for a
Published 08 Jan, 2018 12:00am
Rupee hit record low
Currency

Rupee hit record low

The rupee hit record low against the dollar on the money market during the week, ended on Jan 07, 2018. The rupee lost Rs 1.40 against the dollar for buying and selling at Rs 112.00 and Rs 112.30. The rupee also Rs 1.50 against the euro for buying and sel
Published 08 Jan, 2018 12:00am
Rupee hit record low
Currency

Rupee hit record low

The rupee hit record low against the dollar on the money market during the week, ended on Jan 07, 2018. The rupee lost Rs 1.40 against the dollar for buying and selling at Rs 112.00 and Rs 112.30. The rupee also Rs 1.50 against the euro for buying and sel
Published 08 Jan, 2018 12:00am
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