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Archive - 2018-02-07
Learning from Egypt
Miscellaneous

Learning from Egypt

Pakistan depreciated its currency against the USD by 5 percent in December. With a weakening dollar, the adjustment agai
Updated 07 Mar, 2018 07:32am
Oil remains resilient
Oil and Gas

Oil remains resilient

Brent having touched $70/bbl late last month, has lost 4 percent in a week. The recent slide has coincided with stabilit
Updated 08 Feb, 2018 08:51am
Punjab Assembly adopts 3-Bills
Pakistan

Punjab Assembly adopts 3-Bills

LAHORE: The Punjab Assembly adopted three government bills here Wednesday.    The House passed the Provincial Motor
Published 07 Feb, 2018 11:00pm
Falcao injury blow for Monaco
Football

Falcao injury blow for Monaco

MONACO: Monaco captain Radamel Falcao will miss the next three Ligue 1 games due to a thigh injury picked up during the
Published 07 Feb, 2018 05:53pm
US stocks open modestly lower
Financial

US stocks open modestly lower

NEW YORK: Wall Street stocks fell modestly in opening trading Wednesday as markets attempted to get a reading on investo
Published 07 Feb, 2018 02:53pm
EU chiefs welcome German coalition deal
World Top News

EU chiefs welcome German coalition deal

BRUSSELS: Senior European Union officials welcomed Wednesday's agreement in Berlin to form a new left-right grand coalit
Published 07 Feb, 2018 11:53am
OMC sales: end of an era?
Oil and Gas

OMC sales: end of an era?

As the summers get closer, this time every year – at least for the past decade - analysts had been talking about the scr
Published 07 Feb, 2018 06:31am
PM chairs ECC meeting  
General News

PM chairs ECC meeting  

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Wednesday chaired the meeting of Economic Coordination Committee (ECC)
Published 07 Feb, 2018 06:29am
Lotte’s profits jump
Chemicals

Lotte’s profits jump

Lotte’s top line grew sluggishly despite higher demand and higher international PTA prices. Though its bottom line grew
Published 07 Feb, 2018 06:29am
ESPN to launch streaming service
Sports

ESPN to launch streaming service

NEW YORK: Facing lower ad revenue and lagging membership, ESPN will launch in the coming months a paying streaming servi
Published 07 Feb, 2018 05:17am
Angry anti-American protest in South Sudan

Angry anti-American protest in South Sudan

Hundreds of pro-government demonstrators marched in South Sudan's capital of Juba on Tuesday, protesting at US arms restrictions aimed at hastening the end to a bloody civil war. A female Canadian journalist reporting for the Associated Press (AP) news ag
Published 07 Feb, 2018 12:00am
Sri Lankan diplomat suspended

Sri Lankan diplomat suspended

Sri Lanka's foreign ministry Tuesday suspended a senior diplomat for threatening to slit the throats of minority Tamils protesting outside its High Commission in London. Minister Counsellor Priyanka Fernando, who is also a serving officer in the Sri Lanka
Published 07 Feb, 2018 12:00am
Top US general warns of 'nasty' Korea conflict, stresses diplomacy

Top US general warns of 'nasty' Korea conflict, stresses diplomacy

The US military's top officer warned Tuesday that any war with North Korea would be "nasty" and said America still hopes to find a peaceful solution to the ongoing crisis. General Joe Dunford, who is the chairman of the Joint Chiefs of Staff, said the Pen
Published 07 Feb, 2018 12:00am
Hong Kong stocks tumble
Currency

Hong Kong stocks tumble

Hong Kong stocks tumbled on Tuesday, as a global market rout intensified, fuelled by worries that a build-up in inflationary pressures will prompt major central banks to raise interest rates faster than expected. The benchmark Hang Seng Index plummeted 5.
Published 07 Feb, 2018 12:00am
China activity on reclaimed reef has eroded trust: ASEAN

China activity on reclaimed reef has eroded trust: ASEAN

China's continued reclamation in the South China Sea has eroded trust among rival claimants and could raise regional tensions, Southeast Asian foreign ministers said Tuesday. The ministers from the 10-nation Association of Southeast Asian Nations (ASEAN)
Published 07 Feb, 2018 12:00am
Beijing holds successful missile defense test

Beijing holds successful missile defense test

China said Tuesday it successfully conducted a test of a ground-based missile defence system amid rising tensions on the Korean peninsula. Concern over a potential conflict with nuclear-armed North Korea is growing following a series of bellicose statemen
Published 07 Feb, 2018 12:00am
Erdogan warns US to quit Syria's Manbij

Erdogan warns US to quit Syria's Manbij

President Recep Tayyip Erdogan on Tuesday warned the United States to withdraw any American forces from the Syrian town of Manbij, vowing Turkish troops would expand a cross-border military operation to the key strategic hub. Erdogan blamed Washington for
Published 07 Feb, 2018 12:00am
More deadly regime strikes as Syria toll mounts

More deadly regime strikes as Syria toll mounts

Fresh regime strikes on a besieged rebel-held enclave near Damascus killed 47 civilians on Tuesday despite mounting Western pressure on Syrian President Bashar al-Assad. The bloodshed came a day after another 31 civilians were killed in Eastern Ghouta and
Published 07 Feb, 2018 12:00am
Truck protest closes Gaza border crossing

Truck protest closes Gaza border crossing

Dozens of truck drivers prevented goods from entering the Gaza Strip from Israel on Tuesday in a day-long protest at the humanitarian situation in the Palestinian enclave. The trucks belonging to Gazan businesses blocked the roads near the Kerem Shalom cr
Published 07 Feb, 2018 12:00am
South Korea to stop using Olympic flag with disputed isles

South Korea to stop using Olympic flag with disputed isles

South Korea will stop using a flag which shows disputed islands during the Pyeongchang Winter Olympics, its foreign ministry said Tuesday after rival claimant Japan reacted angrily. The two Koreas have agreed to march together at Friday's opening ceremony
Published 07 Feb, 2018 12:00am
Winter Polo Cup 2018 begins

Winter Polo Cup 2018 begins

Master Paints/Rizvi's, Barry's and Newage/Guard Group Tuesday won their respective matches on the opening day of the Winter Polo Cup 2018 here at the Lahore Polo Club (LPC) ground. The first encounter of the day saw Master Paints/Rizvi's outclassing Army
Published 07 Feb, 2018 12:00am
'Sad' Simona Halep to miss Fed Cup tie

'Sad' Simona Halep to miss Fed Cup tie

World number two Simona Halep said Tuesday that she will miss Romania's Fed Cup tie with Canada this weekend after an injury picked up at a gruelling Australian Open failed to heal. "After spending the last week resting and rehabbing my injury from the Au
Published 07 Feb, 2018 12:00am
Military guard Olympics as tummy bug sidelines 1,200 security staff

Military guard Olympics as tummy bug sidelines 1,200 security staff

Hundreds of soldiers have been drafted in to guard Pyeongchang Olympic venues after 1,200 security staff were withdrawn over an outbreak of a severe stomach virus, organisers said on Tuesday. Nine hundred military personnel were on duty after 41 security
Published 07 Feb, 2018 12:00am
19th PVCA National Seniors Cup being contested by 103 teams

19th PVCA National Seniors Cup being contested by 103 teams

A total of 103 outfits from 50 cities, having been divided in 31 groups, will be participating in the 19th edition of the National Seniors Cup Cricket Tournament 2017-18 being organized by the Pakistan Veterans Cricket Association (PVCA) and sponsored by
Published 07 Feb, 2018 12:00am
Uber to become partner for HBL PSL 2018

Uber to become partner for HBL PSL 2018

Uber is set to become a partner for the upcoming HBL Pakistan Super League 2018 after partnership signing with the Pakistan Cricket Board (PCB). This signing marks the brand's commitment to enter the cricket arena for further support in the third edition
Published 07 Feb, 2018 12:00am
Brazilian jockey wins world record 12,844th race

Brazilian jockey wins world record 12,844th race

Brazilian jockey Jorge Ricardo rode his 12,844th win at Rio de Janeiro's Hipodromo race track Monday, equalling the extraordinary world record held by his career-long Canadian rival. Ricardo, a grizzled 56, cried and raised his fist aloft after coming fir
Published 07 Feb, 2018 12:00am
Salman Butt to play with Bangladesh Premier League

Salman Butt to play with Bangladesh Premier League

The disgraced former Pakistan captain Salman Butt has arrived in Bangladesh to play his first full-fledged competition outside his homeland since serving a five-year ban for spot fixing, an official said Tuesday. He was cleared by the Pakistan Cricket Boa
Published 07 Feb, 2018 12:00am
Injured Mathews ruled out of Bangladesh tour

Injured Mathews ruled out of Bangladesh tour

Sri Lanka's limited-overs skipper Angelo Mathews has been ruled out of the rest of the Bangladesh tour due to a hamstring injury, the country's cricket board said Tuesday. Mathews, who sustained the injury during the tri-nation ODI tournament that Sri Lan
Published 07 Feb, 2018 12:00am
ICC criticises Bangladesh Test pitch after run spree

ICC criticises Bangladesh Test pitch after run spree

The International Cricket Council on Tuesday penalised the "below average" pitch in Chittagong after batsmen plundered more than 1,500 runs during last week's Test between Bangladesh and Sri Lanka. Five centuries and six half-centuries were smashed over f
Published 07 Feb, 2018 12:00am
Manchester United mark 60 years since Munich crash

Manchester United mark 60 years since Munich crash

Manchester United on Tuesday marked 60 years since the Munich air crash ripped the heart out of the "Busby Babes" team with a service at Old Trafford attended by survivors Bobby Charlton and Harry Gregg. The stadium fell silent as the clock ticked to 1504
Published 07 Feb, 2018 12:00am
US trade deficit rises to nine-year high on robust imports

US trade deficit rises to nine-year high on robust imports

The US trade deficit widened more than expected in December to its highest level since 2008, as robust domestic demand pushed imports to a record high, adding to the stiff headwinds faced by the Trump administration's "America First" trade policies.
Published 07 Feb, 2018 12:00am
Australian shares slump most in 2-1/2 years

Australian shares slump most in 2-1/2 years

Australian shares suffered their worst single-day drop in nearly 2-1/2 years on Tuesday as worries about stronger inflation and higher interest rates prompted global investors to take profits from one of the longest bull runs in history. The S&P/ASX 200 i
Published 07 Feb, 2018 12:00am
Selloff pauses after yields hit four-year highs

Selloff pauses after yields hit four-year highs

US Treasury yields pulled back from almost four-year highs reached overnight on Monday as investors weighed whether a dramatic week-long selloff had run its course, after improving economic data raised expectations of further rate hikes this year. Benchma
Published 07 Feb, 2018 12:00am
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