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Archive - 2018-01-11
Pentagon mum on fate of secret satellite
World Top News

Pentagon mum on fate of secret satellite

WASHINGTON: The mystery surrounding the fate of a secret military satellite deepened Thursday when the Pentagon refused
Published 11 Jan, 2018 11:33pm
US stocks finish at all-time highs
Front Top News

US stocks finish at all-time highs

NEW YORK: Wall Street stocks finished at fresh records Thursday behind gains in industrial and petroleum-linked equities
Published 11 Jan, 2018 11:30pm
ARA gasoil stocks jump 13pc
Energy

ARA gasoil stocks jump 13pc

LONDON: Total oil product stocks in the Amsterdam-Rotterdam-Antwerp refining and storage hub rose by 13 percent in the w
Published 11 Jan, 2018 07:04pm
Takashi Kurai meets Finance Minister
Pakistan Top News

Takashi Kurai meets Finance Minister

ISLAMABAD: Ambassador of Japan, Mr. Takashi KURAI, called on the Minister of State for Finance Rana Muhammad Afzal Khan
Published 11 Jan, 2018 08:13pm
Italian-French border
Featured Photos

Italian-French border

Cars pass through a tunnel on the Italian-French border from where migrants have attempted to pass into France, near
Published 11 Jan, 2018 03:35pm
PM, COAS visit Headquarters of SSG
Pakistan Top News

PM, COAS visit Headquarters of SSG

CHERAT: Prime Minister Shahid Khaqan Abbasi and Chief of Army Staff (COAS) General Qamar Javed Bajwa Thursday visite
Published 11 Jan, 2018 02:15pm
JCR-VIS reaffirms CGR of ABL
Top News

JCR-VIS reaffirms CGR of ABL

KARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the Corporate Governance Rating of Allied Bank Limited
Published 11 Jan, 2018 02:00pm
SBP injects Rs140.050bn into market
Top News

SBP injects Rs140.050bn into market

KARACHI: State Bank of Pakistan on Thursday injected Rs 140.050 billion into money market for one day as reverse rep
Published 11 Jan, 2018 02:00pm
Barcelona welcome Yerry Mina
Football

Barcelona welcome Yerry Mina

Barcelona announced on Thursday the signing of Colombian defender Yerry Mina from Brazilian club Palmeiras. He
Published 11 Jan, 2018 10:26am
Currency turbulence in session
Banking

Currency turbulence in session

The currency movement is the talk of the town! The rupee dollar parity fluctuated recently in the open market is jolting
Published 11 Jan, 2018 07:26am
Aguero to the rescue against valiant Bristol City

Aguero to the rescue against valiant Bristol City

A goal in stoppage time by Sergio Aguero saved Manchester City's blushes as it was enough to secure a 2-1 win over second-tier Bristol City in their League Cup semi-final first leg clash on Tuesday.
Published 11 Jan, 2018 12:00am
Crisis-hit Venezuela withdraws from Fed Cup
Currency

Crisis-hit Venezuela withdraws from Fed Cup

Venezuela, which is in the throes of a major economic crisis, on Tuesday announced its withdrawal from Fed Cup competition in 2018, saying it did not have the "necessary resources" to participate.
Published 11 Jan, 2018 12:00am
106-year-old French cyclist finally decides to hang up his helmet

106-year-old French cyclist finally decides to hang up his helmet

A centenarian French cyclist whose exploits garnered fans worldwide is retiring, ready for more leisurely rides after racing into the record books, his friends told AFP. But Robert Marchand, 106, is still eating up kilometres on the stationary bike at his
Published 11 Jan, 2018 12:00am
United retaliate over Sevilla tickets price

United retaliate over Sevilla tickets price

Manchester United are to refund part of the £89 ($120) ticket price their fans are having to pay to attend the Champions League last 16 first leg match with Sevilla in Spain the English club announced on Wednesday. United will refund each fan £35, taken f
Published 11 Jan, 2018 12:00am
Former world champion Amir Khan to return to ring

Former world champion Amir Khan to return to ring

Former welterweight world champion Amir Khan will end a near two year hiatus from the sport with a bout in Liverpool on April 21 against an unnamed opponent he announced on Wednesday. The 31-year-old - whose most recent activity was spent on a reality TV
Published 11 Jan, 2018 12:00am
Chinese marathon champion banned for eight years over doping

Chinese marathon champion banned for eight years over doping

China's national marathon champion and Olympian Wang Jiali has been banned for eight years after failing a drugs test, her second violation, the Chinese Athletics Association (CAA) said on Wednesday. The 31-year-old, who won gold at the 2017 National Game
Published 11 Jan, 2018 12:00am
Djokovic 'very happy' with winning start to the year

Djokovic 'very happy' with winning start to the year

Novak Djokovic made a resounding return on Wednesday after six months out with an elbow injury, declaring he felt "great" after beating world number five Dominic Thiem 6-1, 6-4 at the Kooyong Classic. The Serbian 12-time Grand Slam winner was in good form
Published 11 Jan, 2018 12:00am
Irish to host India in T20 matches

Irish to host India in T20 matches

Ireland will play 2007 World Twenty20 champions India in two T20 internationals in Dublin in June, Cricket Ireland announced on Wednesday. Both games will be played in the Dublin suburb of Malahide, with the first encounter scheduled for Wednesday, June 2
Published 11 Jan, 2018 12:00am
World Bank upgrades global growth forecasts as recovery strengthens

World Bank upgrades global growth forecasts as recovery strengthens

For the first time in many years, the World Bank's outlook for the global economy is better than expected rather than worse, with all regions seeing improved growth, according to the forecast released Tuesday. However, the bank warns that countries must m
Published 11 Jan, 2018 12:00am
China orders 184 Airbus A320 planes: France

China orders 184 Airbus A320 planes: France

China has ordered 184 Airbus A320 planes to be delivered to 13 airlines, French officials said Wednesday as President Emmanuel Macron wrapped up a state visit to the country. The value of the deal was not immediately disclosed but under the company's list
Published 11 Jan, 2018 12:00am
Lufthansa outflies Ryanair in Europe's skies

Lufthansa outflies Ryanair in Europe's skies

German airline giant Lufthansa said Wednesday it had carried 130 million passengers in 2017, nosing ahead of budget Irish carrier Ryanair to become Europe's largest airline by passenger numbers.
Published 11 Jan, 2018 12:00am
China factory gate inflation slows to 13-month low

China factory gate inflation slows to 13-month low

China's factory inflation slowed to a 13-month low in December, official data showed Wednesday, a sign of continued fragility in the world's second-largest economy. The producer price index (PPI) - an important barometer of the industrial sector which mea
Published 11 Jan, 2018 12:00am
India allows foreign investors to own up to 49 percent of Air India

India allows foreign investors to own up to 49 percent of Air India

India cleared a proposal on Wednesday to allow foreign investors to own up to a 49 percent stake in state-run carrier Air India, paving the way for global airlines to bid for the loss-making flagship carrier. It brings Air India, which previously had to b
Published 11 Jan, 2018 12:00am
Industry gives Brexit-bound UK economy a shot in the arm

Industry gives Brexit-bound UK economy a shot in the arm

British industry enjoyed solid growth in November, benefiting from a global upturn that has allowed the economy to outperform gloomy forecasts made after 2016's Brexit vote, although it still lags behind its international rivals. The British economy grew
Published 11 Jan, 2018 12:00am
New York unveils plans for fossil fuel divestment

New York unveils plans for fossil fuel divestment

New York announced plans Wednesday to divest billions of dollars in fossil fuel investments from the city's pension fund and seek billions in damages from oil companies to protect residents from the effects of climate change. The city's $189 billion pensi
Published 11 Jan, 2018 12:00am
US slaps tariffs on Canadian paper imports

US slaps tariffs on Canadian paper imports

The United States hit Canada with yet another round of punitive import tariffs, this time for as much as 10 percent on paper used to print newspapers and books. The US Commerce Department said in a statement late Tuesday night that the tariffs on uncoated
Published 11 Jan, 2018 12:00am
US slaps tariffs on Canadian paper imports

US slaps tariffs on Canadian paper imports

The United States hit Canada with yet another round of punitive import tariffs, this time for as much as 10 percent on paper used to print newspapers and books. The US Commerce Department said in a statement late Tuesday night that the tariffs on uncoated
Published 11 Jan, 2018 12:00am
US import prices post smallest gain in five months

US import prices post smallest gain in five months

US import prices recorded their smallest increase in five months in December and underlying imported price pressures were muted amid declining costs for food and consumer goods. The Labour Department said on Wednesday import prices edged up 0.1 percent la
Published 11 Jan, 2018 12:00am
France urges more German investment to boost EU

France urges more German investment to boost EU

France's finance minister on Wednesday urged Germany to loosen the purse strings to help boost European growth, reminding Berlin of its wider responsibilities as Chancellor Angela Merkel struggles to forge a new coalition at home. France has already done
Published 11 Jan, 2018 12:00am
Oman inks oil and gas deal with Lebanese company

Oman inks oil and gas deal with Lebanese company

Oman has signed a deal for oil and gas exploration with a Lebanese company, one month after Lebanon approved its first offshore energy exploration, state media said Wednesday. Beirut-based Petroleb would drill exploratory wells to assess oil reserves in t
Published 11 Jan, 2018 12:00am
FTSE seals new record as banks rally

FTSE seals new record as banks rally

A rise in banks and oil stocks boosted the UK's top share index to a fresh record on Wednesday as climbing bond yields supported financials across Europe. Britain's blue chip FTSE 100 index was up 0.2 percent at 7,748.51 points, a new closing record and o
Published 11 Jan, 2018 12:00am
Southeast Asian stocks: Vietnam hits fresh 10-year high; others muted

Southeast Asian stocks: Vietnam hits fresh 10-year high; others muted

Most Southeast Asian stock markets were subdued on Wednesday, in line with regional Asian shares, while Vietnam extended gains for a third session to hit a new 10-year closing high. Asian shares ex-Japan slipped 0.5 percent after six straight days of gain
Published 11 Jan, 2018 12:00am
Australian, New Zealand shares down

Australian, New Zealand shares down

Australian shares struck a 10-year high before ending weaker on Wednesday, snapping a winning streak that had lasted for five consecutive sessions, with declines led by materials and real estate stocks. The S&P/ASX 200 index peaked at 6,150 points in earl
Published 11 Jan, 2018 12:00am
Bond sell-off hits European shares but boost banks

Bond sell-off hits European shares but boost banks

European shares pulled back on Wednesday, with most sectors except rate-sensitive banks in the red as concerns grew over the direction of the bond market. Bond yields globally hit multi-month highs following a report that Chinese officials have recommende
Published 11 Jan, 2018 12:00am
Bond sell-off hits European shares but boost banks

Bond sell-off hits European shares but boost banks

European shares pulled back on Wednesday, with most sectors except rate-sensitive banks in the red as concerns grew over the direction of the bond market. Bond yields globally hit multi-month highs following a report that Chinese officials have recommende
Published 11 Jan, 2018 12:00am
China stocks gain for ninth day
Exchange

China stocks gain for ninth day

China shares extended their rally on Wednesday to close at the highest in seven weeks, climbing for a nine straight session, led by banking and consumer stocks. China's producer prices rose at their slowest pace in 13 months in December, as the government
Published 11 Jan, 2018 12:00am
Sri Lankan shares down

Sri Lankan shares down

Sri Lankan shares ended weaker on Wednesday as investors sold blue chips such as Ceylon Tobacco Co, but foreign investors' appetite for risky assets limited the downslide. The Colombo Stock Index ended 0.4 percent weaker at 6,502.96. Turnover stood at 376
Published 11 Jan, 2018 12:00am
Benchmark yields hit 10-month high

Benchmark yields hit 10-month high

Yields on the 10-year US Treasury note reached a 10-month high on Tuesday, after the Bank of Japan said it will trim its purchases of Japanese government bonds and US corporate debt hit the market. The Japanese announcement raised speculation the country'
Published 11 Jan, 2018 12:00am
Benchmark yields hit 10-month high

Benchmark yields hit 10-month high

Yields on the 10-year US Treasury note reached a 10-month high on Tuesday, after the Bank of Japan said it will trim its purchases of Japanese government bonds and US corporate debt hit the market. The Japanese announcement raised speculation the country'
Published 11 Jan, 2018 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong stocks extended their winning streak to a 12th day on Wednesday, aided by strong inflows from mainland China. One-third of the daily quota under the Shanghai-Hong Kong Stock Connect was used up, as Chinese investors continued to buy Hong Kong sh
Published 11 Jan, 2018 12:00am
Wall Street climbs with boost from healthcare, banks
Exchange

Wall Street climbs with boost from healthcare, banks

Wall Street's major indexes extended the New Year rally to close at record levels on Tuesday on investor optimism ahead of quarterly earnings reports and hopes for easing tensions with North Korea. Defensive S&P sectors - utilities, real estate and teleco
Published 11 Jan, 2018 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks closed lower on Wednesday as a stronger yen weighed on the market with investors also taking profits after three days of rallies. The bellwether index lost 0.26 percent, or 61.79 points, to end at 23,788.20 while the broader Topix index was u
Published 11 Jan, 2018 12:00am
Indian shares down

Indian shares down

Indian shares slipped on Wednesday as investors remained cautious ahead of key corporate earnings later this week and the federal budget next month. Sentiment was subdued as broader Asian shares stepped back from their 2007 high, with MSCI's broadest inde
Published 11 Jan, 2018 12:00am
Gulf markets mixed, Qatar continues rally as foreigners buy
Exchange

Gulf markets mixed, Qatar continues rally as foreigners buy

Gulf stock markets were mostly mixed in narrow ranges on Wednesday but Qatar rose for a fifth straight day on the back of buying by foreign investors seeking attractive dividend yields. The Qatari index rose 0.5 percent in active trade. Exchange data show
Published 11 Jan, 2018 12:00am
Aussie, kiwi ease
Currency

Aussie, kiwi ease

The Australian and New Zealand dollars suffered a mild setback on Wednesday after a sharp, and sudden, rise in Treasury yields forced a squeeze on short US dollar positions overnight. The Aussie had eased off to $0.7817, from a top of $0.7865 on Tuesday,
Published 11 Jan, 2018 12:00am
Sterling edges down against dollar
Currency

Sterling edges down against dollar

Sterling edged down on Wednesday to its lowest in almost two weeks against the dollar, as investors locked in profits after a rally and showed reluctance to push it any higher until they see major new catalysts. The pound climbed to a 3-1/2-month high at
Published 11 Jan, 2018 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee closed marginally firmer on Wednesday in dull trade, as dollar conversions by exporters surpassed mild demand for the US currency from importers and banks, dealers said. The spot rupee ended at 153.70/80, compared with Tuesday's close
Published 11 Jan, 2018 12:00am
Asian FX mixed, Philippine peso falls
Exchange

Asian FX mixed, Philippine peso falls

The Philippine peso hit a more than three-week low on Wednesday after the country posted a record trade deficit, while most other Asian currencies lacked direction as the dollar struggled to sustain its recent recovery. Data released earlier in the sessio
Published 11 Jan, 2018 12:00am
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