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Archive - 2018-03-28
Roof collapse kills 11 in Sindh
Pakistan Top News

Roof collapse kills 11 in Sindh

KARACHI: Eleven people were killed and nine injured when the roof of a warehouse collapsed onto workers in southern
Published 28 Mar, 2018 09:01pm
Traditional furniture
Featured Photos

Traditional furniture

A carpenter busy in preparing traditional bed at his workplace in Larkana. Copyright APP (Associated Press of Pa
Published 28 Mar, 2018 11:52pm
Cottage industry
Featured Photos

Cottage industry

A lady worker busy in knitting the traditional chaddar at her setup in the Provincial Capital. Copyright APP (As
Published 28 Mar, 2018 10:22pm
Indian roller bird
Featured Photos

Indian roller bird

A colorful bird Indian roller is a member of the roller family of birds sitting on tree in Islamabad. Copyright
Published 28 Mar, 2018 08:42pm
Tulip theme
Featured Photos

Tulip theme

Aerial photo taken on March 28, 2018 shows people visiting a tulip theme park in Wuhan, capital of central China's H
Published 28 Mar, 2018 07:04pm
PM chairs 5th meeting of NDMC
Pakistan Top News

PM chairs 5th meeting of NDMC

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Wednesday chaired the fifth meeting of National Disaster Management Co
Published 28 Mar, 2018 08:11am
APTMA’s budget proposals (i)
Textile

APTMA’s budget proposals (i)

With the budget season just around the corner, associations and trade groups have started lobbying to get incentives for
Published 28 Mar, 2018 06:07am
Global steel in trouble
Industry

Global steel in trouble

Steel manufacturers across the world have spent the past few years perturbed by the overcapacity of Chinese steel that h
Published 28 Mar, 2018 06:10am
FDIs: diversification calling
Banking

FDIs: diversification calling

Last week, the Chairman of Pakistan’s Board of Investment, Naeem Zamindar, was reported to have said that “Pakistan want
Published 28 Mar, 2018 06:04am
Decline in ghee production
Industry

Decline in ghee production

Production numbers of ghee declined significantly for the first time since FY09 on a year on year basis for 7MFY18. It a
Published 28 Mar, 2018 05:48am
Haier invents 'Air Washing'

Haier invents 'Air Washing'

Haier Group's high end brand Casarte exhibited a new air washing machine using leading air technology March 8, 2018 at the 2018 Appliance & Electronics World Expo (AWE) held in Shanghai, China. The innovative system marks the beginning of a new era as a t
Published 28 Mar, 2018 12:00am
US MIDDAY: gold falls
Currency

US MIDDAY: gold falls

Gold fell on Tuesday after hitting a near six-week high as the US dollar rose and risk appetite revived in global financial markets, but the precious metal remained underpinned by an array of geopolitical tensions. The US dollar rose versus a currency bas
Published 28 Mar, 2018 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

US wheat futures declined on Tuesday as rains in the southern Plains breadbasket boosted prospects for the region's drought-hit winter wheat crop, analysts said. Corn and soyabean futures drifted lower, with traders reluctant to stake out new positions ah
Published 28 Mar, 2018 12:00am
Gold falls in Europe
Exchange

Gold falls in Europe

Gold fell on Tuesday after hitting a near six-week high as risk appetite revived in global financial markets, but the precious metal remained underpinned by an array of geopolitical tensions. Stock markets jumped in response to reports the United States a
Published 28 Mar, 2018 12:00am
Gold gains in Asia
Exchange

Gold gains in Asia

Gold prices rose for a third straight session on Tuesday as the dollar languished near a five-week low, as investors eyed rising tensions between Russia and the West even as a US-China trade spat appeared to ease. Spot gold was up 0.16 percent at $1,355.1
Published 28 Mar, 2018 12:00am
Gold rises in New York

Gold rises in New York

Gold prices rose to more than five-week highs on Monday after the United States said it would expel 60 Russian diplomats, prompting investor flight into assets considered safe havens. The United States was joining governments across Europe in taking actio
Published 28 Mar, 2018 12:00am
Cocoa prices tumble, coffee and sugar up

Cocoa prices tumble, coffee and sugar up

Cocoa prices fell sharply on Tuesday from the prior session's highest levels in more than a year, as rains improved the outlook for production in Ivory Coast and traders said the market was ripe for a correction lower. May New York cocoa settled down $75,
Published 28 Mar, 2018 12:00am
Palm oil down on stronger ringgit, production outlook
Vegetable Oil

Palm oil down on stronger ringgit, production outlook

Malaysian palm oil futures edged down at the end of the trading day on Tuesday as a stronger ringgit and expectations of a rise in output in the coming months weighed on the edible oil's prices. The benchmark palm oil contract for June delivery on the Bur
Published 28 Mar, 2018 12:00am
Tokyo rubber up
Exchange

Tokyo rubber up

Benchmark Tokyo rubber futures ended 1.5 percent higher on Tuesday, after hitting a 17-month low in the previous session, as concerns about a potential trade spat between the United States and China eased. Tokyo Commodity Exchange (TOCOM) futures, which s
Published 28 Mar, 2018 12:00am
Russian wheat export prices fall on strong rouble

Russian wheat export prices fall on strong rouble

Russian wheat export prices fell slightly last week as the Chicago and Paris wheat benchmarks remained weak, cancelling out a modest strengthening of the rouble against the dollar and active exports, analysts said on Monday. Black Sea prices for Russian w
Published 28 Mar, 2018 12:00am
Copper rises as trade war fears fade
Exchange

Copper rises as trade war fears fade

Copper prices rose on Tuesday after reports of behind-the-scenes talks between the United States and China fuelled hopes that a trade war could be averted and sparked a global stock market recovery, but a strengthening dollar limited gains. Benchmark copp
Published 28 Mar, 2018 12:00am
Shanghai base metals up
Exchange

Shanghai base metals up

Base metal prices climbed on Tuesday, lifted by a rebound in equities on hopes that a trade war between top metals consumer China and the United States may be avoided. The most traded May contract on the Shanghai Futures Exchange (ShFE) closed up 0.1 perc
Published 28 Mar, 2018 12:00am
Trump urges closer cooperation with Turkey on Syria

Trump urges closer cooperation with Turkey on Syria

The United States and its allies must work more closely with Turkey in Syria, President Donald Trump said Tuesday in a call with his French counterpart Emmanuel Macron. Washington has previously expressed concern about Turkey's decision to plunge itself m
Published 28 Mar, 2018 12:00am
UN strengthens role of DR Congo mission in elections

UN strengthens role of DR Congo mission in elections

The UN Security Council on Tuesday unanimously backed a resolution that tasks the peacekeeping mission in the Democratic Republic of Congo with helping to prepare elections and avoid deadly violence. France presented the measure that renews the mandate fo
Published 28 Mar, 2018 12:00am
Trump discusses China trade with Merkel, Macron: White House

Trump discusses China trade with Merkel, Macron: White House

President Donald Trump on Tuesday spoke with European leaders about working together to counter China's alleged unfair trade practices, the White House said. The move comes as Washington and the European Union are at loggerheads over Trump's decision earl
Published 28 Mar, 2018 12:00am
Satellite images reveal show of force by Chinese navy in South China Sea

Satellite images reveal show of force by Chinese navy in South China Sea

Dozens of Chinese naval vessels are exercising this week with an aircraft carrier in a large show of force off Hainan island in the South China Sea, satellite images obtained by Reuters show. The images, provided by Planet Labs Inc, confirm a Chinese carr
Published 28 Mar, 2018 12:00am
Zuckerberg turns down British MPs for data privacy grilling
Kerb

Zuckerberg turns down British MPs for data privacy grilling

Facebook chief Mark Zuckerberg on Tuesday turned down a request by British lawmakers to appear before them to respond to concerns about data privacy as the European Union set a deadline for the US social media giant to respond to its own questions. Zucker
Published 28 Mar, 2018 12:00am
UAE says Qatar fighter jets harassing civil aviation

UAE says Qatar fighter jets harassing civil aviation

The United Arab Emirates said two Qatari fighter jets "dangerously approached" an Emirati passenger flight and a civilian helicopter on Monday, sparking a swift denial by Doha in the latest such incident between the Gulf rivals.
Published 28 Mar, 2018 12:00am
Earth-bound Chinese spacelab plunging to fiery end

Earth-bound Chinese spacelab plunging to fiery end

An uncontrolled Chinese space station weighing at least seven tonnes is set to break up as it hurtles to Earth on or around April 1, the European Space Agency has forecast. "It will mostly burn up due to the extreme heat generated by its high-speed passag
Published 28 Mar, 2018 12:00am
Saudis to compensate contractors for hike in expat fees

Saudis to compensate contractors for hike in expat fees

Saudi Arabia on Tuesday said it would reimburse contractors for increased expatriate worker fees in government projects approved before December 2016, as the labour-intensive construction industry reels from an economic slowdown.
Published 28 Mar, 2018 12:00am
Abe 'not involved' in doctoring Documents

Abe 'not involved' in doctoring Documents

A Japanese official at the heart of a cronyism and cover-up scandal that has dented Shinzo Abe's popularity said Tuesday the prime minister's office was not involved in falsifying documents.
Published 28 Mar, 2018 12:00am
Linda Brown, who helped end US school segregation, dies

Linda Brown, who helped end US school segregation, dies

Linda Brown, who was at the center of the landmark 1950s court battle leading to the desegregation of US public schools, died on Monday at age 75. The US Supreme Court ruling on the Brown v. Board of Education case in 1954 was a key moment in the movement
Published 28 Mar, 2018 12:00am
Serbs quit Kosovo government

Serbs quit Kosovo government

Serb members of the Kosovan government on Tuesday decided to pull out of Prime Minister Ramush Haradinaj's cabinet in protest at the arrest and expulsion of a senior Serbian official. Tensions flared after Belgrade's chief negotiator for Kosovo Marko Djur
Published 28 Mar, 2018 12:00am
German authorities approve Russia gas pipeline

German authorities approve Russia gas pipeline

German authorities on Tuesday issued a final approval for a new gas pipeline from Russia, risking higher tensions with eastern neighbours fearful of European energy dependence on Moscow. The Federal Agency for Maritime Navigation and Hydrography (BSH) iss
Published 28 Mar, 2018 12:00am
Eurozone lending to firms slows in February: ECB

Eurozone lending to firms slows in February: ECB

Lending to eurozone businesses slowed in February, European Central Bank data showed Tuesday, in a small setback for the Frankfurt institution as it seeks to wean the economy off its crisis-era stimulus measures. Credit to firms grew 3.1 percent year-on-y
Published 28 Mar, 2018 12:00am
Greece to get 5.7 billion euros in bailout cash
Currency

Greece to get 5.7 billion euros in bailout cash

Eurozone authorities will make a fresh 5.7 billion euro cash injection to Greece on Wednesday, putting Athens further down the road to leaving its painful bailout programme later this year. The new tranche agreed by the EU's bailout fund on Tuesday is the
Published 28 Mar, 2018 12:00am
US consumer confidence ebbs, house prices surge

US consumer confidence ebbs, house prices surge

US consumer confidence fell from more than a 17-year high in March amid stock market volatility, but households remained upbeat about labour market conditions, which could help to support consumer spending. The Conference Board said on Tuesday its consume
Published 28 Mar, 2018 12:00am
Rio Tinto sells Australian coal mine for $2.3 billion

Rio Tinto sells Australian coal mine for $2.3 billion

Anglo-Australian resources giant Rio Tinto has agreed to sell its majority holding in a coal mine in northeastern Australia for almost $2.3 billion to private equity manager EMR and Indonesian coal group Adaro. The huge divestment, equivalent to 1.8 billi
Published 28 Mar, 2018 12:00am
Cuba's government admits to 'errors' in economic reforms
Currency

Cuba's government admits to 'errors' in economic reforms

The Cuban government has admitted to "errors" in implementing the economic reforms that President Raul Castro ushered in seven years ago to revamp the island's Soviet-style economy, the state-run Granma newspaper said Tuesday.
Published 28 Mar, 2018 12:00am
Sterling off lows
Currency

Sterling off lows

Sterling bounced off the day's lows but is on track to post its biggest daily loss in a month on Tuesday as expectations of selling pressure from a large corporate healthcare deal prompted investors to take profits after a recent rally. The British curren
Published 28 Mar, 2018 12:00am
Oil steady, pulls back from $ 71/barrel on dollar strength

Oil steady, pulls back from $ 71/barrel on dollar strength

Oil prices were little changed on Tuesday, with Brent futures retreating after hitting $71 a barrel, as the dollar recovered from earlier losses and as the market continues to stagnate after strong gains last week. The oil market has been supported by con
Published 28 Mar, 2018 12:00am
Deutsche Bank beats target in asset management IPO

Deutsche Bank beats target in asset management IPO

Germany's biggest lender Deutsche Bank launched asset management arm DWS onto the Frankfurt stock market Friday, with shares in the subsidiary climbing higher than the asking price in early trading. After the opening bell rang, the stock reached 32.55 eur
Published 28 Mar, 2018 12:00am
Deutsche Bank beats target in asset management IPO

Deutsche Bank beats target in asset management IPO

Germany's biggest lender Deutsche Bank launched asset management arm DWS onto the Frankfurt stock market Friday, with shares in the subsidiary climbing higher than the asking price in early trading. After the opening bell rang, the stock reached 32.55 eur
Published 28 Mar, 2018 12:00am
Adidas picks up pace with 2017 profit boost
Currency

Adidas picks up pace with 2017 profit boost

German sportswear maker Adidas reported Wednesday higher profits in 2017 thanks to worldwide sales growth in its most popular lines and efficiency savings, saying the performance put it on track for more muscular returns in future. Net profit at the group
Published 28 Mar, 2018 12:00am
Adidas picks up pace with 2017 profit boost
Currency

Adidas picks up pace with 2017 profit boost

German sportswear maker Adidas reported Wednesday higher profits in 2017 thanks to worldwide sales growth in its most popular lines and efficiency savings, saying the performance put it on track for more muscular returns in future. Net profit at the group
Published 28 Mar, 2018 12:00am
IMF releases additional $ 257 million for Tunisia
Exchange

IMF releases additional $ 257 million for Tunisia

The International Monetary Fund on Friday released an additional $257 million in funds for Tunisia as part of its four-year, $3 billion loan agreement. The IMF board approved the second review of the country's economic performance under the financial aid
Published 28 Mar, 2018 12:00am
Dana Gas plans cash dividend despite $ 700 million sukuk dispute
Exchange

Dana Gas plans cash dividend despite $ 700 million sukuk dispute

Dana Gas will seek shareholder approval to pay a dividend for 2017, it said on Sunday, in a move that could complicate its legal dispute with investors demanding that the company settles $700 million of Islamic bonds. The United Arab Emirates energy produ
Published 28 Mar, 2018 12:00am
AU launches ambitious bid for world's largest free trade area

AU launches ambitious bid for world's largest free trade area

Africa's leaders will gather in Rwanda Wednesday to launch what they say will be the world's largest free trade area but Nigeria has already pulled out, highlighting the challenge in getting the continent to sign up. Establishing the African Continental F
Published 28 Mar, 2018 12:00am
Yen sags in Asia
Currency

Yen sags in Asia

The safe haven Japanese yen sagged on Tuesday as optimism that the United States and China could begin negotiations on trade helped ease concerns about a trade war, reviving demand for riskier assets. Global markets were shaken last week after US Presiden
Published 28 Mar, 2018 12:00am
Euro gives up gains in Europe
Currency

Euro gives up gains in Europe

The euro fell on Tuesday, as concerns about weak inflation and a slowdown in company borrowing raised questions about the momentum of the euro zone's economic expansion. After a big gain on Monday, the euro had added another 0.3 percent to hit $1.2476 in
Published 28 Mar, 2018 12:00am
Dollar broadly lower in New York as risk appetite returns
Exchange

Dollar broadly lower in New York as risk appetite returns

The US dollar fell to a five-week low against a basket of major currencies on Monday, as optimism that the United States and China are set to begin negotiations on trade helped ease fears of a trade war and investors' appetite for risk improved.
Published 28 Mar, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 82.96-82.96 (Previous 82.96-82.96).
Published 28 Mar, 2018 12:00am
Yuan holds gains
Currency

Yuan holds gains

China's yuan held gains against the US dollar at the domestic close on Tuesday, following a roller-coaster run as persistent weakness in the greenback prompted some bargain hunting to cap gains in the Chinese currency. The spot market opened at 6.2579 per
Published 28 Mar, 2018 12:00am
Asian currencies rise

Asian currencies rise

Asian currencies rose on Tuesday as reports of talks between the United States and China soothed investor concerns about a trade war, whetting their appetite for riskier assets. Reflecting this improved sentiment, MSCI's broadest index of Asia-Pacific sha
Published 28 Mar, 2018 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee closed slightly stronger on Tuesday as exporter dollar sales and inward remittances surpassed importer demand for the US currency, dealers said. The rupee closed at 156.00/10 per dollar, compared with Monday's close of 156.05/15.
Published 28 Mar, 2018 12:00am
Southeast Asian stocks largely rally

Southeast Asian stocks largely rally

Southeast Asian stock markets rose in line with global equities on Tuesday, after reports of US-China trade negotiations and Chinese premier's pledge to ease access for American businesses allayed fears of a trade war between the two economies.
Published 28 Mar, 2018 12:00am
Indian shares rise

Indian shares rise

Indian shares closed higher for a second straight session on Tuesday, with lenders such as State Bank of India among leading gainers, as a surprise cut in the government's borrowing programme for the next fiscal year lifted sentiment. The broader NSE inde
Published 28 Mar, 2018 12:00am
China stocks snap four-session losing streak
Exchange

China stocks snap four-session losing streak

China stocks snapped a four-session losing streak to end higher on Tuesday, powered by robust gains in tech firms, and as trade war fears eased on reports of behind-the-scenes talks between the United States and China. At the close, the Shanghai Composite
Published 28 Mar, 2018 12:00am
Trade detente hopes turbocharge European shares

Trade detente hopes turbocharge European shares

European shares surged on Tuesday on incipient signs of a detente in trade rhetoric between Washington and Beijing, while French supermarket Casino was boosted by a grocery delivery partnership with Amazon. The STOXX 600 index gained 1.2 percent with all
Published 28 Mar, 2018 12:00am
Australian, New Zealand shares climb

Australian, New Zealand shares climb

Australian shares climbed on Tuesday on a surge in base metal and oil prices, as trade war fears eased on reports and indications the United States and China are willing to renegotiate tariffs and trade imbalances. The S&P/ASX 200 index was up 0.7 percent
Published 28 Mar, 2018 12:00am
Trudeau to Trump: Canada will block backdoor steel shipments

Trudeau to Trump: Canada will block backdoor steel shipments

Prime Minister Justin Trudeau has assured US President Donald Trump in a telephone call that Canada will block foreign steel and aluminium transshipments to the United States. The prime minister, according to a Canadian readout of the conversation release
Published 28 Mar, 2018 12:00am
Taxis paralyse Brussels to protest against Uber

Taxis paralyse Brussels to protest against Uber

Hundreds of taxis brought traffic to a standstill in Brussels on Tuesday to protest proposed government reforms said to favour ride-hailing competitors like Uber. Police said as many as 650 taxis taking part in the protest let off fireworks and blocked tr
Published 28 Mar, 2018 12:00am
Hong Kong stocks up

Hong Kong stocks up

Hong Kong stocks rose on Tuesday, joining a global market rebound triggered by hopes that a damaging trade war between the United States and China could be averted. The abrupt mood swing came amid reports Chinese and US officials were busy negotiating to
Published 28 Mar, 2018 12:00am
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