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Archive - 2018-03-09
Trump and Kim to hold historic meeting
World Top News

Trump and Kim to hold historic meeting

WASHINGTON: President Donald Trump has agreed to a historic first meeting with Kim Jong Un in a stunning development in
Published 09 Mar, 2018 08:44am
Women at war
Miscellaneous

Women at war

Women across the world today are at war—with patriarchal traditions and values, with sexism, with across the board inequ
Published 09 Mar, 2018 06:50am
IMF’s carrot; stick may follow
Banking

IMF’s carrot; stick may follow

The IMF’s first post programme monitoring was finally conducted earlier this week, and a press release was issued in the
Published 09 Mar, 2018 06:50am
Merrill Lynch penalized over sale of fraud-linked Chinese stock
Exchange

Merrill Lynch penalized over sale of fraud-linked Chinese stock

US market regulators on Thursday censured a Merrill Lynch brokerage unit, charging the company with selling the unregistered shares of a Chinese business software firm accused of falsifying its accounts. Merrill Lynch, Pierce, Fenner & Smith Inc, a unit o
Published 09 Mar, 2018 12:00am
Merrill Lynch penalized over sale of fraud-linked Chinese stock
Exchange

Merrill Lynch penalized over sale of fraud-linked Chinese stock

US market regulators on Thursday censured a Merrill Lynch brokerage unit, charging the company with selling the unregistered shares of a Chinese business software firm accused of falsifying its accounts. Merrill Lynch, Pierce, Fenner & Smith Inc, a unit o
Published 09 Mar, 2018 12:00am
Merrill Lynch penalized over sale of fraud-linked Chinese stock
Exchange

Merrill Lynch penalized over sale of fraud-linked Chinese stock

US market regulators on Thursday censured a Merrill Lynch brokerage unit, charging the company with selling the unregistered shares of a Chinese business software firm accused of falsifying its accounts. Merrill Lynch, Pierce, Fenner & Smith Inc, a unit o
Published 09 Mar, 2018 12:00am
Merrill Lynch penalized over sale of fraud-linked Chinese stock
Exchange

Merrill Lynch penalized over sale of fraud-linked Chinese stock

US market regulators on Thursday censured a Merrill Lynch brokerage unit, charging the company with selling the unregistered shares of a Chinese business software firm accused of falsifying its accounts. Merrill Lynch, Pierce, Fenner & Smith Inc, a unit o
Published 09 Mar, 2018 12:00am
Accountability judge irked by conduct of lawyers
Exchange

Accountability judge irked by conduct of lawyers

Accounta-bility Court Judge Muhammad Bashir Thursday adjourned hearing of the Avenfield reference without completion of statement of key witness and head of Joint Investigation Team (JIT) who investigated the Panama Papers case, Wajid Zia, after he was an
Published 09 Mar, 2018 12:00am
Accountability judge irked by conduct of lawyers
Exchange

Accountability judge irked by conduct of lawyers

Accounta-bility Court Judge Muhammad Bashir Thursday adjourned hearing of the Avenfield reference without completion of statement of key witness and head of Joint Investigation Team (JIT) who investigated the Panama Papers case, Wajid Zia, after he was an
Published 09 Mar, 2018 12:00am
Accountability judge granted three-year extension

Accountability judge granted three-year extension

The federal government Thursday granted a three-year extension to the tenure of Accountability Court Judge Muhammad Bashir who has been hearing corruption references against former Prime Minister Nawaz Sharif and his family. According to a notification is
Published 09 Mar, 2018 12:00am
Accountability judge granted three-year extension

Accountability judge granted three-year extension

The federal government Thursday granted a three-year extension to the tenure of Accountability Court Judge Muhammad Bashir who has been hearing corruption references against former Prime Minister Nawaz Sharif and his family. According to a notification is
Published 09 Mar, 2018 12:00am
Spanish women stage unprecedented strike for rights

Spanish women stage unprecedented strike for rights

Spain marked International Women's Day Thursday with an unprecedented strike in defence of their rights that saw hundreds of trains cancelled and countless protests held. Called by 10 unions to demand gender equality, particularly where salaries are conce
Published 09 Mar, 2018 12:00am
Spanish women stage unprecedented strike for rights

Spanish women stage unprecedented strike for rights

Spain marked International Women's Day Thursday with an unprecedented strike in defence of their rights that saw hundreds of trains cancelled and countless protests held. Called by 10 unions to demand gender equality, particularly where salaries are conce
Published 09 Mar, 2018 12:00am
How does IMF appreciate our economy?
Exchange

How does IMF appreciate our economy?

The International Monetary Fund (IMF) has expressed its grave concerns over the state of country's economy because of "weakening macroeconomic situation, decline in foreign exchange reserves and increased risks to Pakistan's economic and financial outlook
Published 09 Mar, 2018 12:00am
India on the brink of civil war?

India on the brink of civil war?

Arguably, the addition of highly respected spiritual leader Sri Sri Ravi Shankar to the tools available with India's establishment to help resolve the simmering Babri Mosque-Ram Janambhomi dispute that is fraught with the prospects of India's Balkanizatio
Published 09 Mar, 2018 12:00am
Elites, legislators and squanderers
Exchange

Elites, legislators and squanderers

Pakistan is ruled and controlled by predatory elites in whose hands power and wealth are concentrated. This has been proved in the recent election of 54 members of Senate where allegedly huge funds exchanged hands! The ruling elites - comprising indomitab
Published 09 Mar, 2018 12:00am
Some claim descent from demigods
Exchange

Some claim descent from demigods

Apropos my article titled "Time to reflect" regarding awards made by International Centre for Settlement of Disputes (ICSID) in respect of M/s Karkay and M/s Reko Diq against the state of Pakistan carried by Business Recorder on 4th October 2017, i
Published 09 Mar, 2018 12:00am
'Speaker refers loan issues to NA panel'

'Speaker refers loan issues to NA panel'

This is apropos a Business Recorder news item "Speaker refers loan issues to NA panel" carried by the newspaper on March 3, 2018. I had written an article titled "Written-off loans" in your newspaper of April 16, 2011 when the Supreme Court had for
Published 09 Mar, 2018 12:00am
Aitzaz fears yet another coup d'état

Aitzaz fears yet another coup d'état

Opposition Leader in Upper House of the Parliament, Aitzaz Ahsan Thursday called upon fellow politicians to engage in 'self-criticism' instead of targeting state institutions which, he feared, may lead the country nowhere except paving the way for yet ano
Published 09 Mar, 2018 12:00am
MML allowed to be enlisted as political party

MML allowed to be enlisted as political party

The Islamabad High Court allowed Milli Muslim League (MML) petition to be enlisted as political party by the Election Commission of Pakistan (ECP). A single bench of IHC comprising Justice Aamer Farooq on Thursday announced its reserved judgment on the ap
Published 09 Mar, 2018 12:00am
Celebrations acknowledgement of women's sacrifices: Marriyum

Celebrations acknowledgement of women's sacrifices: Marriyum

Minister of State for Information and Broadcasting, Marriyum Aurangzeb on Thursday said that International Women's Day celebrations across the country are acknowledgement of women's sacrifices and their important role in different fields of life. She was
Published 09 Mar, 2018 12:00am
'State policies, laws discriminatory towards women'

'State policies, laws discriminatory towards women'

Pakistan's Constitution speaks of gender equality but on the other hand, state policies and laws are based on gender inequality, discrimination and violence which keep women in a state of virtual slavery. Women Democratic Forum's (WDF) newly elected Presi
Published 09 Mar, 2018 12:00am
Pervez Musharraf: court asks government to comply with its order

Pervez Musharraf: court asks government to comply with its order

A Special Court on Thursday directed the federal government to comply with its order regarding the arrest of General Pervez Musharraf (retd) and attachment of his properties within and outside Pakistan by March 21. The Court on July 19, 2016 had ordered f
Published 09 Mar, 2018 12:00am
Sindh Bank posts Rs 2,182.4 million pre-tax profit

Sindh Bank posts Rs 2,182.4 million pre-tax profit

The Board of Directors of Sindh Bank in their meeting held on March 7, reviewed and approved the audited financial statements of the bank for the year ended December 31, 2017. During 2017, as per the trend in past years, the bank registered growth in depo
Published 09 Mar, 2018 12:00am
Sindh Bank posts Rs 2,182.4 million pre-tax profit

Sindh Bank posts Rs 2,182.4 million pre-tax profit

The Board of Directors of Sindh Bank in their meeting held on March 7, reviewed and approved the audited financial statements of the bank for the year ended December 31, 2017. During 2017, as per the trend in past years, the bank registered growth in depo
Published 09 Mar, 2018 12:00am
Leader of opposition: PML-F, PSP join hands to remove Khawaja Izhar

Leader of opposition: PML-F, PSP join hands to remove Khawaja Izhar

Political parties in Sindh Assembly (SA) are mulling to remove Muttahida Qaumi Movement-Pakistan's (MQM-P) Khawaja Izharul Hassan as Opposition Leader. Pakistan Muslim League-Functional (PML-F) and Pak Sarzameen Party (PSP) have joined hands to consider a
Published 09 Mar, 2018 12:00am
Several SITE roads in dilapidated condition

Several SITE roads in dilapidated condition

Many dilapidated roads in SITE (industrial) area have become unchanged source of nuisance for general public and vehicular traffic. Driving of vehicles has become near to impossible due to big ditches in the roads at many points. It cannot be taken for gr
Published 09 Mar, 2018 12:00am
Single window operation for export rebate urged
Exchange

Single window operation for export rebate urged

The government needs to computerize the mechanism of export rebate/refund through single window operation as difficulties in claiming refunds by exporters have been impacting exports. This was stated by the representatives of the industry during the concl
Published 09 Mar, 2018 12:00am
Punjab government advertisement: SC orders Shahbaz to pay Rs 5.5 million

Punjab government advertisement: SC orders Shahbaz to pay Rs 5.5 million

The Supreme Court on Thursday ordered Punjab Chief Minister Shahbaz Sharif to submit Rs 5.5 million to the national exchequer after a newspaper advertisement on behalf of the Punjab government, carrying his picture was shown in the court. A three-member b
Published 09 Mar, 2018 12:00am
Speakers vow to educate, empower women

Speakers vow to educate, empower women

The International Women's Day took centre stage in Lahore on Thursday as people hailing from all walks of life showed their commitment to educating and empowering all females in the country. To mark the day, a series of activities were held in which speak
Published 09 Mar, 2018 12:00am
PPDWP okays Rs 3 billion for wastewater treatment plants

PPDWP okays Rs 3 billion for wastewater treatment plants

The Punjab Provincial Development Working Party (PPDWP) has approved Rs 3 billion for land acquisition and construction of boundary wall for "construction of wastewater treatment plants at Mehmood Booti, Shahdbagh & Shahdara, Lahore" and "construction of
Published 09 Mar, 2018 12:00am
PSX commemorates Women's Day in a befitting manner
Exchange

PSX commemorates Women's Day in a befitting manner

Pakistan Stock Exchange, for the second year in a row, commemorated the International Women's Day in a befitting manner. This time, PSX gave its floor to three leading gender diversity promoting organizations - UN Women, World Bank and Women on Board Paki
Published 09 Mar, 2018 12:00am
One killed in Quetta firing

One killed in Quetta firing

At least one person was killed and another injured when armed man of a rival group opened fire in the provincial capital on Thursday. Police said that the suspect over personal grudge opened indiscriminate fire at two people in Kacchi Baig area of Sariab
Published 09 Mar, 2018 12:00am
ITU admissions

ITU admissions

The Information Technology University (ITU) of Punjab's second online admission cycle for undergraduate and postgraduate programs started from 2nd March will remain open till 1st June 2018. Admissions applications are to be submitted online by the 1st of
Published 09 Mar, 2018 12:00am
ILF planned in November

ILF planned in November

The "6th edition of Islamabad Literature Festival (ILF 2018) will be held in November 2018." This was announced by Ameena Saiyid, Chair, Oxford University Press, and Founder/Director, Karachi and Islamabad Literature Festivals.
Published 09 Mar, 2018 12:00am
Proposed segregation of PIA's core, non-core business discussed

Proposed segregation of PIA's core, non-core business discussed

Minister for Privatisation Daniyal Aziz chaired a high-level meeting on Thursday with the officials of Aviation Division, Civil Aviation Authority, Ministry of Finance, PIA and SECP. The meeting was held to discuss the proposed segregation of core and non
Published 09 Mar, 2018 12:00am
Collusive practices: CCP issues show-cause notice to PFMA

Collusive practices: CCP issues show-cause notice to PFMA

The Competition Commission of Pakistan (CCP) has issued show-cause notice to Pakistan Flour Mills Association (PFMA) for prima facie violating Section 4 of the Competition Act 2010 by indulging in anti-competitive practices such as price fixing and sharin
Published 09 Mar, 2018 12:00am
Google App launched to curb violence against women

Google App launched to curb violence against women

Australian Deputy High Commissioner, Brek Batley and Chairperson of the Khyber Pakhtunkhwa Commission for the Status of Women (KPCSW), Neelum Toru in collaboration with Blue Veins and Trocaire Pakistan, launched a Google App on Thursday to improve the ser
Published 09 Mar, 2018 12:00am
'Health Asia Moot' to begin on April 10

'Health Asia Moot' to begin on April 10

The 14th edition of Health Asia International Exhibition & Conferences will be held here at the Lahore Expo Centre from Aril 10 to 12. The conferences being hosted besides the huge exhibition includes the subjects of pathology, neurosurgery, quality in he
Published 09 Mar, 2018 12:00am
PDWP approves 20 uplift projects

PDWP approves 20 uplift projects

The Provincial Development Working Party (PDWP) held its meeting under the Chairmanship of Dr Shahzad Khan Bangash, the Additional Chief Secretary P&D Department on Thursday, and approved 20 developmental projects in different sectors. The meeting was att
Published 09 Mar, 2018 12:00am
IBA holds corporate event in Dubai

IBA holds corporate event in Dubai

The Institute of Business Administration (IBA), in collaboration with Pakistan Executive Organization for Promotion of Leadership and Entrepreneurship, organised the first ever corporate engagement event in Dubai on Wednesday, March 7, 2018. The Minister
Published 09 Mar, 2018 12:00am
Reforms help ministry save Rs 700 billion in five years: Ahsan

Reforms help ministry save Rs 700 billion in five years: Ahsan

Federal Minister for Planning, Development and Reform, Ahsan Iqbal has claimed that his ministry saved Rs 700 billion by rationalizing development projects during the last five years. He expressed these views while addressing an interactive session with e
Published 09 Mar, 2018 12:00am
Car assemblers urged to bring an end to menace of black-marketing

Car assemblers urged to bring an end to menace of black-marketing

An inter-ministerial committee headed by Additional Secretary (In-charge) Ministry of Industries, Mian Asad Hayaud Din Thursday called upon leading car assemblers on the issue of black marketing and long lead times of locally manufactured vehicles. The me
Published 09 Mar, 2018 12:00am
Tehmina highlights importance of Pak-US structural dialogue
Exchange

Tehmina highlights importance of Pak-US structural dialogue

Pakistan's Foreign Secretary Tahmina Janjua has emphasized the importance of structural dialogue between Pakistan and USA to continue efforts against terrorism. Talking to journalists at the Pakistani embassy in Washington, Tahmina Janjua termed Pak-US al
Published 09 Mar, 2018 12:00am
Grey listing: how China withdraws support to Pakistan?

Grey listing: how China withdraws support to Pakistan?

China withdrew its support for Pakistan against grey listing in Financial Action Task Force because it had needed at least three members to vote in the favor to elect the vice chair of FATF, it is learnt. According to the sources, if the three members had
Published 09 Mar, 2018 12:00am
CoAS highlights women's role in progress

CoAS highlights women's role in progress

Chief of Army Staff (COAS) General Qamar Javed Bajwa on Thursday highlighted the important role and contributions of great Pakistani women towards national progress. "We are proud of role and contributions of our women in uniform and especially the ones w
Published 09 Mar, 2018 12:00am
Bomb defused in Bannu

Bomb defused in Bannu

The bomb disposal squad (BDS) on Thursday defused a bomb found along the boundary wall of a primary school in Toot Ghari Meera Khel area of Bannu. According to details, the bomb found inside a cement block, was planted near the gate of the school. On tip
Published 09 Mar, 2018 12:00am
Pakistan wants ties with US on trust & mutual respect basis
Exchange

Pakistan wants ties with US on trust & mutual respect basis

The Foreign Office has said that Pakistan wants to have a relationship based on trust and mutual respect with the US, reminding the Trump administration that peace and stability in Afghanistan is a shared objective for both the countries. Spokesperson For
Published 09 Mar, 2018 12:00am
Regular exercise staves pain off

Regular exercise staves pain off

Generally pain acts as a warning sign that there is something wrong with the body. To avoid all types of pains, regular exercise mainly walk and a healthy diet with positive thinking is necessary. Dr Ateeq Ur Rehman Ghafoor, Consultant in Pain Medicine &
Published 09 Mar, 2018 12:00am
Businessmen urged to benefit from CPEC's industrialization phase

Businessmen urged to benefit from CPEC's industrialization phase

Former Vice President Faisalabad Chamber of Commerce & Industry (FCCI) Engineer Ahmad Hassan has said that industrialization phase of China-Pakistan Economic Corridor (CPEC) has opened new avenues of value-addition in textile garment sector instead of sti
Published 09 Mar, 2018 12:00am
Misuse of power: IGP directed to hold inquiry against RPO

Misuse of power: IGP directed to hold inquiry against RPO

Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Thursday directed Inspector General of Police Punjab Arif Nawaz to hold an inquiry against Bahawalpur Regional Police Officer (RPO) Raja Riffat on charges of misuse of power. A bench headed by CJP was he
Published 09 Mar, 2018 12:00am
Drip irrigation being encouraged in Punjab

Drip irrigation being encouraged in Punjab

The Punjab government is encouraging the drip irrigation to overcome water scarcity in the province. A spokesman of the provincial agriculture department said drip irrigation system is suitable for crop cultivation when irrigation water or rainwater is no
Published 09 Mar, 2018 12:00am
ACCA marks International Women's Day

ACCA marks International Women's Day

Forty years on from the phrase 'glass ceiling' being used to define thwarted careers and ambitions - especially for women - ACCA is calling for business leaders to show real and measurable progress on diversity and social mobility issues, as it marks Inte
Published 09 Mar, 2018 12:00am
Short supply of H2O2 results in price hike
Exchange

Short supply of H2O2 results in price hike

Pakistan Chemical Manufacturer Association (PCMA) has said the shortage of hydrogen peroxide is because of the international supply constraints whereas price hike of the commodity is due to regional price factor. The association Secretary General Iqbal Ki
Published 09 Mar, 2018 12:00am
SW&BM to establish separate directorate for disabled persons

SW&BM to establish separate directorate for disabled persons

Amidst growing number of disabled persons in the province, the Social Welfare and Bait-ul-Maal (SW&BM) Punjab is going to establish a separate directorate titled 'Disabled Persons Management Information System' for the facilitation of special persons livi
Published 09 Mar, 2018 12:00am
Pakistani companies to take part in China import expo

Pakistani companies to take part in China import expo

A large number of Pakistani companies are expected to take part in the China International Import Expo being organized by the Ministry of Commerce of China in November this year. Trade Development Authority of Pakistan (TDAP)'s Director General Mian Riaz
Published 09 Mar, 2018 12:00am
OICCI launches 'Heroes Leadership Lounge' for women

OICCI launches 'Heroes Leadership Lounge' for women

The Overseas Investors Chamber of Commerce and Industry (OICCI) has launched the "Heroes Leadership Lounge" as part of its celebrations for International Women's Day. The initiative was announced at a ceremony organized at a local hotel on Thursday. The "
Published 09 Mar, 2018 12:00am
US MIDDAY: gold slips

US MIDDAY: gold slips

Gold prices fell on Thursday as the US dollar bounced from a near three-week low against the euro after European Central Bank President Mario Draghi signalled that any policy normalization in the euro zone would be very gradual. The euro forfeited early g
Published 09 Mar, 2018 12:00am
US MIDDAY: corn jumps

US MIDDAY: corn jumps

US corn futures jumped about 1 percent to a seven-month high on Thursday after the Department of Agriculture showed smaller-than-expected stockpiles in the wake of increased exports and demand for ethanol, traders said. Chicago Board of Trade wheat and so
Published 09 Mar, 2018 12:00am
Gold falls in Europe
Currency

Gold falls in Europe

Gold fell on Thursday as the dollar bounced from a near three-week low against the euro after European Central Bank President Mario Draghi signalled that any policy normalisation in the euro zone would be very gradual. The single currency gave up all its
Published 09 Mar, 2018 12:00am
Gold rises in Asia
Exchange

Gold rises in Asia

Gold prices held steady on Thursday as investors awaited more details on US President Donald Trump's proposed steel and aluminium tariffs, the outcome of the European Central Bank's policy meeting, and US jobs data. Spot gold rose 0.2 percent to $1,328.81
Published 09 Mar, 2018 12:00am
Gold down in New York

Gold down in New York

Gold prices slipped on Wednesday after hitting a one-week high on news that a top economic advisor to the Trump administration had resigned, stoking fears of a trade war and knocking down the dollar. Market watchers said the departure of economic adviser
Published 09 Mar, 2018 12:00am
New York cocoa at 16-month high, raw sugar retreat

New York cocoa at 16-month high, raw sugar retreat

New York cocoa futures on ICE rose on Thursday to a 16-month peak as speculative buying continued to push the market higher, while raw sugar climbed off an eight-month low touched the previous day. May New York cocoa was up $46, or 1.9 percent, at $2,489
Published 09 Mar, 2018 12:00am
Palm oil drops to 1-1/2-year low
Vegetable Oil

Palm oil drops to 1-1/2-year low

Malaysian palm oil futures fell more than 1 percent to the lowest level in a year and a half on Thursday evening on the prospect of Indian importers cancelling shipments after an increase to import duty last week and forecasts of higher production in Marc
Published 09 Mar, 2018 12:00am
Tokyo rubber unchanged
Exchange

Tokyo rubber unchanged

Benchmark Tokyo rubber futures cut losses from earlier in the day to end almost unchanged on Thursday, as Japanese shares found relief on hopes certain key partners could be exempt from planned tariffs on US imports. The Tokyo Commodity Exchange (TOCOM) r
Published 09 Mar, 2018 12:00am
Oil set for second weekly fall as rising US supply weighs

Oil set for second weekly fall as rising US supply weighs

Oil prices fell on Thursday and were setting up for a second consecutive weekly drop as the dollar strengthened and concerns over rising US crude production continued to mount on signs of an inventory build at a key US storage hub. Brent crude futures fel
Published 09 Mar, 2018 12:00am
Angola to launch big oil block under shadow of Opec cuts

Angola to launch big oil block under shadow of Opec cuts

The first vessel that will pump and store oil for Angola's 230,000 barrels per day (bpd) Kaombo project is en route to the West African nation, operator Total said. The Kaombo oil block will produce its first oil this summer, Total said on Thursday. Once
Published 09 Mar, 2018 12:00am
Nickel slides with other metals on trade war fears
Exchange

Nickel slides with other metals on trade war fears

Nickel prices slumped on Thursday along with other industrial metals on worries over a potential global trade war curbing economic growth and metals demand. "It started with copper and aluminium, and is now turning to those where you have length to liquid
Published 09 Mar, 2018 12:00am
China metals edge lower
Exchange

China metals edge lower

China metals lost ground on Wednesday as escalating US trade tensions overshadowed data that showed February exports surged at the fastest pace in three years in the world's second largest economy. Shanghai Futures Exchange copper lost 1.3 percent at 52,0
Published 09 Mar, 2018 12:00am
World marks Women's Day hot on heels of rights demands

World marks Women's Day hot on heels of rights demands

Countries around the world mobilised Thursday for International Women's Day with Spaniards on an unprecedented strike, France threatening to "name and shame" firms that pay women less and Iraqi women running a shortened 'marathon'. The MeToo and Timesup c
Published 09 Mar, 2018 12:00am
UN calls on Taliban to take up offer of direct talks

UN calls on Taliban to take up offer of direct talks

The United Nations envoy to Afghanistan on Thursday urged the Taliban to take up an offer by the Afghan government of direct talks on peace. "The offer of negotiation is on the table," said Tadamichi Yamamoto at a Security Council meeting to mark the annu
Published 09 Mar, 2018 12:00am
Europol names Belgian as first female head

Europol names Belgian as first female head

Belgium's Catherine De Bolle pledged to invest more in Europol's capacity to analyse security threats when she was named Thursday as the first woman to head the EU police agency. De Bolle, commissioner general of the Belgian federal police, will assume he
Published 09 Mar, 2018 12:00am
Saudi crown prince meets Archbishop of Canterbury

Saudi crown prince meets Archbishop of Canterbury

Saudi Crown Prince Mohammed bin Salman held a private meeting Thursday with Archbishop of Canterbury Justin Welby, where he made a "strong commitment" to interfaith dialogue, the archbishop's office said. During the hour-long visit at Lambeth Palace, the
Published 09 Mar, 2018 12:00am
Syria regime pummels besieged Eastern Ghouta

Syria regime pummels besieged Eastern Ghouta

Syrian forces pursued a relentless air and ground offensive against Eastern Ghouta on Thursday, moving closer to retaking the rebel enclave but also depriving desperate civilians of vital aid. More than 900 civilians have been killed in the nearly three-w
Published 09 Mar, 2018 12:00am
US to upgrade Qatar air ops center despite Gulf crisis

US to upgrade Qatar air ops center despite Gulf crisis

The United States has approved a request from Qatar to upgrade the emirate's air force operations center, officials said Thursday, despite the Gulf diplomatic crisis. Qatar has fallen out with fellow US allies in the Gulf, led by Saudi Arabia and the Unit
Published 09 Mar, 2018 12:00am
India record six-wicket T20 win over Bangladesh

India record six-wicket T20 win over Bangladesh

Opener Shikhar Dhawan hit his second successive Twenty20 half-century to help India thrash Bangladesh by six wickets and register their first win in the tri-nation tournament on Thursday. Chasing 140 for victory, India rode on Dhawan's 43-ball 55 to achie
Published 09 Mar, 2018 12:00am
'Ciao Asto' - emotional Florence farewell for Astori

'Ciao Asto' - emotional Florence farewell for Astori

Thousands of mourners and the cream of Italian football gave an emotional sendoff Thursday to Fiorentina player Davide Astori, whose sudden death at the age of 31 has shocked the country. Italy goalkeeper Gianluigi Buffon and his Juventus teammate Giorgio
Published 09 Mar, 2018 12:00am
South Africa, Australia captains hold clear the air talks

South Africa, Australia captains hold clear the air talks

Captains Faf du Plessis and Steve Smith met on Thursday ahead of the second Test between South Africa and Australia in an effort to put the focus back on cricket following controversial incidents in the first Test in Durban. They agreed that they and the
Published 09 Mar, 2018 12:00am
PPL Balochistan Football Cup: Gwadar surprise Quetta City

PPL Balochistan Football Cup: Gwadar surprise Quetta City

As the final round matches of PPL Balochistan Football Cup 2018 progress on the fifth day, football enthusiasts witnessed another sensational match at Sadiq Shaheed Football Stadium (Malibagh), Quetta. Gwadar defeated Quetta City 1-0 on the latter's home
Published 09 Mar, 2018 12:00am
Afghanistan's World Cup hopes all but over after Hong Kong loss

Afghanistan's World Cup hopes all but over after Hong Kong loss

Afghanistan crashed to their third straight World Cup qualifying defeat at the hands of Hong Kong on Thursday, while captain Jason Holder led the West Indies to victory over Papua New Guinea. After losses to Scotland and Zimbabwe, new Test side Afghanista
Published 09 Mar, 2018 12:00am
Peshawar post victory in Women Day Tri-Cricket Series

Peshawar post victory in Women Day Tri-Cricket Series

Peshawar shocked Azad Jammu and Kashmir by 76 runs in the opening match of the Tri-Matches Cricket Series organized in connection with World Women Day in collaboration with Ministry of Information and Broadcasting and National History and Literary Heritag
Published 09 Mar, 2018 12:00am
Three more matches decided in National Open Polo

Three more matches decided in National Open Polo

Barry's, Army and Master Paints/Rizvis eased past their respective rival in the ongoing Diamond Paints National Championship for Quaid-e-Azam Gold Cup being here at Lahore Polo Club grounds. Barry's won over Newage/BBJ Pipes, Army beat Rijas Aces/PAF and
Published 09 Mar, 2018 12:00am
Sharapova crashes out of Indian Wells

Sharapova crashes out of Indian Wells

Five-time Grand Slam winner Maria Sharapova suffered a shock defeat on Wednesday to Japanese No. 1 Naomi Osaka, losing her opening match at the WTA Indian Wells tournament 6-4, 6-4. The former world number one, and twice a winner in the California desert,
Published 09 Mar, 2018 12:00am
Zimbabwe's Vitori suspended for illegal bowling action

Zimbabwe's Vitori suspended for illegal bowling action

Zimbabwe's Brian Vitori was suspended on Thursday after the ICC adjudged that the fast bowler uses an illegal action, just months after resuming his career. Vitori, a 28-year-old left-arm fast bowler, was reported by the match officials following his side
Published 09 Mar, 2018 12:00am
China exports surge most in three years
Currency

China exports surge most in three years

China's exports unexpectedly surged at the fastest pace in three years in February, suggesting both its economy and global growth remain resilient even as trade relations with the United States rapidly deteriorate. Trade tensions have jumped to the top of
Published 09 Mar, 2018 12:00am
Moody's downgrades Turkey rating on policy alarm

Moody's downgrades Turkey rating on policy alarm

Ratings agency Moody's downgraded its assessment of Turkey's ability to pay back its debts further into junk territory, citing concerns over monetary policy, reform delays and institutional strength. Moody's said in a statement late Wednesday it was cutti
Published 09 Mar, 2018 12:00am
Moody's downgrades Turkey rating on policy alarm

Moody's downgrades Turkey rating on policy alarm

Ratings agency Moody's downgraded its assessment of Turkey's ability to pay back its debts further into junk territory, citing concerns over monetary policy, reform delays and institutional strength. Moody's said in a statement late Wednesday it was cutti
Published 09 Mar, 2018 12:00am
German industrial orders slide

German industrial orders slide

Industrial orders in Germany slipped in January, official data showed Thursday, but officials said confidence in Europe's largest economy should remain unclouded. New contracts for industrial firms fell 3.9 percent month-on-month, federal statistics autho
Published 09 Mar, 2018 12:00am
Cigna and Express Scripts in $67 billion health merger

Cigna and Express Scripts in $67 billion health merger

Health service provider Cigna said Thursday it had reached an agreement to acquire pharmacy benefits manager Express Scripts in a cash and stock deal worth approximately $67 billion (54 billion euros). The firms said the deal would create a wider portfoli
Published 09 Mar, 2018 12:00am
EU demands Britain pay 2.7 billion euros over China customs fraud

EU demands Britain pay 2.7 billion euros over China customs fraud

The European Union launched legal action against Britain on Thursday to recover 2.7 billion euros ($3.3 billion) in lost customs duties after London allegedly ignored a scam by Chinese importers. The bloc's fraud watchdog said last year that Britain turne
Published 09 Mar, 2018 12:00am
US jobless claims back off 48-year low; layoffs declining

US jobless claims back off 48-year low; layoffs declining

The number of Americans filing for unemployment benefits rebounded last week from a more than 48-year low, but the trend continued to point to robust labour market conditions. That was underscored by other data on Thursday showing job cuts announced by US
Published 09 Mar, 2018 12:00am
FTSE lags European peers as miners weigh

FTSE lags European peers as miners weigh

The UK's top share index ended the session in positive territory on Thursday but lagged European peers as falling metal prices hit commodity stocks and a number of British blue chips traded without entitlement to their latest dividend pay-outs. The FTSE c
Published 09 Mar, 2018 12:00am
Southeast Asian stocks mostly up

Southeast Asian stocks mostly up

Most southeast Asian markets rose on Thursday, with Indonesia and Vietnam gaining more than 1 percent each, as fears of a global trade war eased after the White House said some trade partners may be exempted from President Donald Trump's proposed tariffs.
Published 09 Mar, 2018 12:00am
Australian, New Zealand shares up
Exchange

Australian, New Zealand shares up

Australian shares rose on Thursday, buoyed by positive sentiment after January's trade surplus handsomely topped expectations. The S&P/ASX 200 index rose 0.69 percent, or 40.9 points, to 5,942.9 by the end of trade. The benchmark dropped 1 percent in the
Published 09 Mar, 2018 12:00am
European shares get euro boost after ECB comments

European shares get euro boost after ECB comments

European shares ended on a high Thursday, buoyed by a weaker euro on the back of cautious comments from ECB President Mario Draghi on inflation, while M&A news sparked some sizeable stock moves. The pan-European STOXX 600 was up 1.1 percent at its close,
Published 09 Mar, 2018 12:00am
China stocks rise
Exchange

China stocks rise

China stocks rose on Thursday, bolstered by robust trade data, and as Beijing warned of "necessary response" in the event of a trade war with the United States. At the close, the Shanghai Composite index was up 0.5 percent at 3,288.41, while the blue-chip
Published 09 Mar, 2018 12:00am
Indian shares soar

Indian shares soar

Indian shares closed higher on Thursday, snapping a six-session losing streak, as lenders recovered while Asian peers found relief on hopes that US plan to introduce protectionist tariffs could exclude certain key partner countries. The broader NSE index
Published 09 Mar, 2018 12:00am
Sri Lankan stocks recover

Sri Lankan stocks recover

Sri Lankan shares on Thursday recovered from a more than one-month closing low hit in the previous session, helped by gains in market heavyweight John Keells Holdings Plc, although investors remained concerned about communal violence. After days of violen
Published 09 Mar, 2018 12:00am
Treasuries little changed

Treasuries little changed

Treasuries were little changed on the day Wednesday in choppy trading as investors weighed the risks of trade wars following the resignation of Gary Cohn, the top economic advisor to US President Donald Trump, and the prospect of a more hawkish Federal Re
Published 09 Mar, 2018 12:00am
Treasuries little changed

Treasuries little changed

Treasuries were little changed on the day Wednesday in choppy trading as investors weighed the risks of trade wars following the resignation of Gary Cohn, the top economic advisor to US President Donald Trump, and the prospect of a more hawkish Federal Re
Published 09 Mar, 2018 12:00am
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