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Archive - 2018-05-04
Waterfall
Featured Photos

Waterfall

Beautiful and eye catching view of at Pir Ghaib Waterfall area of Balochistan on Friday, May 04, 2018. Copyright
Published 04 May, 2018 09:21pm
SBP injects Rs 1070bn into market  
Top News

SBP injects Rs 1070bn into market  

KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs 1070 billion into money market for seven days as reverse
Published 04 May, 2018 03:53pm
IMF acknowledges Pakistan's strong growth
Pakistan Top News

IMF acknowledges Pakistan's strong growth

WASHINGTON: “The International Monetary Fund has acknowledged Pakistan's strong GDP growth due to improved energy su
Updated 04 May, 2018 06:28am
One killed in shooting in Amsterdam

One killed in shooting in Amsterdam

One person was killed and another injured in a shooting in Amsterdam, a major tourist hub, Dutch police said Thursday. "There was a shooting on Wednesday evening in the Krootstraat street in the southeast of Amsterdam. There were two casualties," they sai
Published 04 May, 2018 12:00am
CPJ welcomes Mumbai court's convictions

CPJ welcomes Mumbai court's convictions

The Committee to Protect Journalists welcomed a Mumbai court's convictions on Wednesday of nine people, including the mastermind of the murder of investigative journalist Jyotirmoy Dey nearly seven years ago. A court that hears organized crime cases found
Published 04 May, 2018 12:00am
Slain Afghan journalists remembered on World Press Freedom Day

Slain Afghan journalists remembered on World Press Freedom Day

Afghanistan's slain journalists were remembered on World Press Freedom Day Thursday, days after the deadliest attack on the country's media since the fall of the Taliban in 2001. Ten journalists, including Agence France-Presse chief photographer Shah Mara
Published 04 May, 2018 12:00am
Indonesia's refined tin output down
Exchange

Indonesia's refined tin output down

Indonesia's state-owned tin producer PT Timah said on Monday its refined tin output fell 23 percent in the January-March quarter from a year earlier. Refined tin output fell to 5,361 tonnes in the quarter from 6,963 tonnes in the same period last year, th
Published 04 May, 2018 12:00am
Syrian rebels start pull-out from south Damascus

Syrian rebels start pull-out from south Damascus

Syrian rebels began pulling out of an enclave they have surrendered in south Damascus on Thursday, but a few fighters in another besieged area near Homs shelled government areas after their groups agreed to quit. The enclaves in south Damascus and near Ho
Published 04 May, 2018 12:00am
Russian fighter jet crashes off Syria, both pilots killed

Russian fighter jet crashes off Syria, both pilots killed

A Russian fighter jet crashed after taking off from an airbase in Syria on Thursday, killing both pilots, Moscow's defence ministry said in a statement carried by news agencies. "As it was climbing after taking off from the Hmeimim airbase, the Russian fi
Published 04 May, 2018 12:00am
Turkish cartoonist wins press freedom prize

Turkish cartoonist wins press freedom prize

Turkish cartoonist Musa Kart, who has been convicted of helping "terrorist" organisations and sentenced to nearly four years in prison, was awarded a top prize on Thursday by the organisation Cartooning for Peace. The Swiss group hands out the honour, kno
Published 04 May, 2018 12:00am
New Zealand weighing first Pakistan tour since 2003

New Zealand weighing first Pakistan tour since 2003

New Zealand say they are considering their first cricket tour to Pakistan since 2003 but Australia on Thursday shut the door on an appearance in the insurgency-wracked country. New Zealand Cricket is carrying out "due diligence" after a request to play a
Published 04 May, 2018 12:00am
Serena pulls out of Madrid with fever

Serena pulls out of Madrid with fever

Serena Williams has pulled out of the Madrid WTA tournament due to a high fever, organisers said Thursday. "Unfortunately I have had to pull out of Madrid because I have had a fever and I don't feel 100 percent," the official Mutua Madrid Open site quoted
Published 04 May, 2018 12:00am
Liverpool reach Champions League final

Liverpool reach Champions League final

Liverpool held off a spirited Roma fightback to reach the Champions League final 7-6 on aggregate despite losing a hectic semi-final second leg in Rome on Wednesday. Jurgen Klopp's side will play defending champions Real Madrid in Kiev on May 26 after qua
Published 04 May, 2018 12:00am
North, South Korea unite at table tennis worlds

North, South Korea unite at table tennis worlds

North and South Korea opted against playing each other at the world table tennis championships on Thursday, deciding instead to field a joint women's team for the semi-finals. The move earned a round of applause from world table tennis officials as the tw
Published 04 May, 2018 12:00am
Ethiopia suspends football championship after attack on referee

Ethiopia suspends football championship after attack on referee

The Ethiopian Football Federation decided Thursday to suspend the country's football championships because a team manager beat up a referee on Monday after he had awarded a goal to their rivals. During a special meeting to discuss the incident, the federa
Published 04 May, 2018 12:00am
Ex-footballer Ferdinand refused pro boxing licence

Ex-footballer Ferdinand refused pro boxing licence

Former Manchester United and England defender Rio Ferdinand said Thursday he was "disappointed" after being refused a professional licence by British boxing authorities. Ferdinand, coached by former WBC super-middleweight champion Richie Woodhall, was bei
Published 04 May, 2018 12:00am
Kohli to play for Surrey in June

Kohli to play for Surrey in June

India captain Virat Kohli will play for English County Championship side Surrey in June with an eye to adapting to English conditions ahead of leading his country on tour later in the summer. Kohli should be available for three County Championship games a
Published 04 May, 2018 12:00am
India refuse pink ball day-night Test on Australia tour

India refuse pink ball day-night Test on Australia tour

India have refused to play a day-night Test during the tour of Australia later this year because of doubts over the quality of the pink ball, their cricket board said Thursday. "Yes, it's pretty clear that we are not playing a day-night Test in Australia,
Published 04 May, 2018 12:00am
'Proud' Semenya back on track after IAAF rule change

'Proud' Semenya back on track after IAAF rule change

Caster Semenya will bid to move the spotlight from new IAAF rules for female athletes who have high testosterone levels firmly back to the track as the Diamond League gets under way in Doha on Friday. The South African, the double Olympic 800 metres champ
Published 04 May, 2018 12:00am
Neymar return to Paris boosts World Cup hopes

Neymar return to Paris boosts World Cup hopes

An almost fit again Neymar will fly from Rio to Paris on Friday some 40 days ahead of the World Cup finals in Russia, French daily L'Equipe has reported. While his return is too late to have any impact for his club, Brazil fans are desperate for their ico
Published 04 May, 2018 12:00am
FIFA boss says Russia 'absolutely ready' for World Cup

FIFA boss says Russia 'absolutely ready' for World Cup

FIFA boss Gianni Infantino said Thursday Russia was "absolutely ready" to host the World Cup and thanked President Vladimir Putin for his commitment to the football showpiece. Infantino met Putin in the Black Sea resort of Sochi as Russia races against th
Published 04 May, 2018 12:00am
US trade deficit narrows sharply; labour market tightening

US trade deficit narrows sharply; labour market tightening

The US trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy's outlook heading into the second quarter. While other data on Thursday showed a mo
Published 04 May, 2018 12:00am
Australia's biggest bank loses 20 million customer records

Australia's biggest bank loses 20 million customer records

Australia's troubled Commonwealth Bank admitted Thursday it had lost financial records for almost 20 million customers in a major security blunder - but insisted there was no need to worry. The nation's biggest company said it could not find two magnetic
Published 04 May, 2018 12:00am
Canada racks up record trade deficit, but exports rebound

Canada racks up record trade deficit, but exports rebound

Canada's trade deficit in goods jumped to a record high in March on a surge in imports, but analysts took heart in data showing healthy export growth, a sign the economy is performing well. Statistics Canada said on Thursday that the deficit hit C$4.14 bi
Published 04 May, 2018 12:00am
World Bank grants Kenya $1 billion loan for infrastructure projects

World Bank grants Kenya $1 billion loan for infrastructure projects

The World Bank said on Thursday it had given Kenya a $1 billion concessional loan for energy, transport and water infrastructure projects in poorer regions in its north and northeast. These regions have benefited little from Kenya's strong economic perfor
Published 04 May, 2018 12:00am
Cambridge Analytica to close after Facebook data scandal
Kerb

Cambridge Analytica to close after Facebook data scandal

Cambridge Analytica, the British marketing analytics firm, announced Wednesday that it was closing and would file for insolvency in Britain and the United States after failing to recover from the Facebook data scandal. The decision follows weeks of intens
Published 04 May, 2018 12:00am
Tesla reports narrower than expected losses

Tesla reports narrower than expected losses

Tesla on Wednesday reported that it lost less money than the market expected and said it was making progress ramping up production of Model 3 electric cars. The automaker reported net losses of $784.6 million on revenue of $3.4 billion in the first three
Published 04 May, 2018 12:00am
EU calls US trade threats 'dangerous' for growth
Currency

EU calls US trade threats 'dangerous' for growth

The EU warned Thursday that a rise in trade protectionism exemplified by the Trump administration's tariffs was the biggest threat to eurozone growth despite solid economic forecasts for the next two years. Brussels unveiled the optimistic forecasts for 2
Published 04 May, 2018 12:00am
Smith & Nephew, financials knock FTSE off three-month high

Smith & Nephew, financials knock FTSE off three-month high

Britain's top share index slipped on Thursday as a tumble in Smith & Nephew's shares and weakness across financials and health stocks dragged the FTSE 100 off a three-month high. Despite a firmer start to trading and a weaker pound, the blue chip FTSE 100
Published 04 May, 2018 12:00am
South East Asian markets slip
Exchange

South East Asian markets slip

Southeast Asian stock markets slipped on Thursday as US-China trade tension hurt investor risk appetite, with Indonesia sinking to an over seven-month closing low as foreign investors continued to trim their equity exposure. A US trade delegation arrived
Published 04 May, 2018 12:00am
Sri Lankan stocks higher

Sri Lankan stocks higher

Sri Lankan shares ended marginally firmer, led by financials, though gains were muted as investors looked for fresh cues from political and economic fronts, brokers said. The Colombo stock index ended 0.08 percent higher at 6,523.88, recovering from its l
Published 04 May, 2018 12:00am
European shares retreat as trade worries weigh on Wall Street
Currency

European shares retreat as trade worries weigh on Wall Street

European bourses closed in negative territory on Thursday at the end of a session laden with corporate earnings and as worries over global trade tensions weighed on Wall Street. The pan-European STOXX 600 index fell 0.75 percent, retracing from three-mont
Published 04 May, 2018 12:00am
China stocks rise
Exchange

China stocks rise

China stocks rose on Thursday, aided by an afternoon rally in technology shares as a US trade delegation arrived in Beijing for key talks over tariffs and other issues. The blue-chip CSI300 index rose 0.8 percent to 3,793.00, while the Shanghai Composite
Published 04 May, 2018 12:00am
Euro bounces off four-month low in Europe
Currency

Euro bounces off four-month low in Europe

The euro rose off four-month lows on Thursday, shrugging off data showing an unexpected slowdown in eurozone inflation, while elsewhere most currencies recovered some ground versus the dollar as the greenback's recent rally paused.
Published 04 May, 2018 12:00am
Iran says will quit nuclear deal if US walks away
Exchange

Iran says will quit nuclear deal if US walks away

Iran warned on Thursday that it will quit a landmark nuclear deal with world powers if President Donald Trump pulls the United States out of the accord. "If the United States withdraws from the nuclear deal, then we will not stay in it," Ali Akbar Velayat
Published 04 May, 2018 12:00am
CBOT soyabean futures higher

CBOT soyabean futures higher

Chicago Board of Trade soyabean futures ended higher on Tuesday, led by strength in soyameal tied to worries about supplies from drought-hit Argentina, the world's top soyameal supplier, traders said. CBOT July soyabeans settled up 4-3/4 cents at $10.53-1
Published 04 May, 2018 12:00am
Activities at Karachi and Qasim port

Activities at Karachi and Qasim port

The Karachi Port handled 171,743 tonnes of cargo comprising 134,501 tonnes of import cargo and 37,242 tonnes of export cargo including 4,856 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 04 May, 2018 12:00am
Prices remain stable
Cotton

Prices remain stable

Persistent demand helped rates to maintain present levels on the cotton market on Thursday in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 7500, they added. In both Sindh and Punjab, seed cotton prices were at
Published 04 May, 2018 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures slipped on Tuesday, weighed down by weaker soyaoil futures. Lack of buying from crushers due to weakening crush margins also weighed on canola. Technical-trading funds were on the sidelines, a trader said, as they have built an
Published 04 May, 2018 12:00am
New cotton crop may be delayed by one month
Cotton

New cotton crop may be delayed by one month

Fears are being expressed in trading circles that the new cotton crop (August 2018/July 2019) may be delayed by three to four weeks due to continuing delay in the availability of irrigation water. Thus it is now presumed that the new crop (August 2018/Jul
Published 04 May, 2018 12:00am
New cotton crop may be delayed by one month
Cotton

New cotton crop may be delayed by one month

Fears are being expressed in trading circles that the new cotton crop (August 2018/July 2019) may be delayed by three to four weeks due to continuing delay in the availability of irrigation water. Thus it is now presumed that the new crop (August 2018/Jul
Published 04 May, 2018 12:00am
Power-for-all push risks leaving out Africa's poorest

Power-for-all push risks leaving out Africa's poorest

Parts of Africa will get left behind in the global push to provide electric power to all unless national governments and the international community agree on a plan for faster action in places that are lagging, a top energy official has warned. Of the rou
Published 04 May, 2018 12:00am
French business investment rebound on track despite Q1 slowdown

French business investment rebound on track despite Q1 slowdown

A rebound in French business investment is to stay on track this year despite a slowdown at the start of 2018, the head of the French central bank said on Thursday. French economic growth slowed in the first quarter to 0.3 percent from 0.7 percent in the
Published 04 May, 2018 12:00am
UK services firms struggle to recover from March slowdown

UK services firms struggle to recover from March slowdown

Britain's services sector struggled to recover in April from a sharp slowdown in March, according to a major survey which seals expectations that the Bank of England is now highly unlikely to raise interest rates rise next week.
Published 04 May, 2018 12:00am
Turkish inflation surges, pushes lira to record low
Currency

Turkish inflation surges, pushes lira to record low

Turkish consumer price inflation jumped more than expected in April, data showed on Thursday, sending the lira to a record low on concern about the central bank's failure to rein in prices. Inflation climbed to almost 11 percent year-on-year, stoked by th
Published 04 May, 2018 12:00am
Spotify narrows losses as subscribers grow
Exchange

Spotify narrows losses as subscribers grow

Top music streaming platform Spotify said Wednesday that it narrowed its losses in the first quarter as it kept a steady growth of subscribers. Filing earnings for the first time in the wake of its listing a month ago on the New York Stock Exchange, the S
Published 04 May, 2018 12:00am
New Zealand wage growth tepid in Q1

New Zealand wage growth tepid in Q1

New Zealand's unemployment rate dropped to a nine-year low of 4.4. percent in the first quarter, official figures showed on Wednesday, but stubbornly low wage growth left the central bank all-but-certain to signal it would keep rates on hold for now. The
Published 04 May, 2018 12:00am
Brazil industry underwhelms for a third month in March

Brazil industry underwhelms for a third month in March

Industrial output in Brazil contracted unexpectedly in March, the latest in a string of weak data suggesting a recovery in Latin America's largest economy hit a bump in the first quarter. Production fell 0.1 percent from February, government statistics ag
Published 04 May, 2018 12:00am
Dollar slips in Asia
Currency

Dollar slips in Asia

The dollar traded below a four-month high against a basket of currencies on Thursday, with the focus shifting to economic data after the Federal Reserve did little to alter market expectations for further interest rate rises this year. On Wednesday, the F
Published 04 May, 2018 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian dollar rose above one-year lows on Thursday helped by solid economic data while its New Zealand cousin inched higher after three straight sessions of declines. The Australian dollar was last up 0.4 percent at $0.7522. It went as deep as $0.
Published 04 May, 2018 12:00am
Australian, New Zealand shares climb
Currency

Australian, New Zealand shares climb

Australian shares rose to a three-month high on Thursday as investors cheered a weaker local currency, while firmer commodities prices boosted materials. The S&P/ASX 200 index climbed 0.8 percent or 48.10 points to 6,098.3 at the close of trade, adding to
Published 04 May, 2018 12:00am
Treasury yields dip

Treasury yields dip

US Treasury yields for most maturities fell on Wednesday as a quarterly refunding program that aims to finance the country's massive fiscal deficit came in short of expectations, reducing the pressure on prices caused by the increase in debt supply. Treas
Published 04 May, 2018 12:00am
Treasury yields dip

Treasury yields dip

US Treasury yields for most maturities fell on Wednesday as a quarterly refunding program that aims to finance the country's massive fiscal deficit came in short of expectations, reducing the pressure on prices caused by the increase in debt supply. Treas
Published 04 May, 2018 12:00am
Wall Street loses gains from Fed decision on China trade worries
Exchange

Wall Street loses gains from Fed decision on China trade worries

US stocks fell on Wednesday as potential US restrictions on Chinese telecom companies reinforced investor concerns about worsening trade relations between the United States and China. Wall Street's major indexes had briefly moved higher after the Federal
Published 04 May, 2018 12:00am
Hong Kong stocks lower

Hong Kong stocks lower

Hong Kong shares tracked Asian markets lower on Thursday, as investors harbour very little hope that the Sino-US trade talks will lead to a breakthrough. The Hang Seng index fell 1.3 percent to 30,313.37, while the China Enterprises Index lost 1.4 percent
Published 04 May, 2018 12:00am
Middle East markets down on Iran concerns, EM weakness
Exchange

Middle East markets down on Iran concerns, EM weakness

Middle East stock markets moved down in line with global emerging markets and because of persisting geopolitical tensions, as the risk of the United States pulling out of the Iran nuclear deal looms. The Saudi Arabian index was in negative territory most
Published 04 May, 2018 12:00am
Dollar dips in New York over Fed's indication
Currency

Dollar dips in New York over Fed's indication

The US dollar fell from 2018 highs set earlier on Wednesday after the Federal Reserve indicated it may allow inflation to run above its 2 percent target, raising concerns that monetary accommodation will stay loose even as they hike rates. The US central
Published 04 May, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 82.98-82.98 (Previous 82.98-82.98).
Published 04 May, 2018 12:00am
Sri Lankan rupee steadies
Currency

Sri Lankan rupee steadies

The Sri Lankan rupee ended steady on Thursday, holding near the record low hit in the previous session, as importer dollar demand was met by greenback sales by state banks, dealers said, while a top central bank official warned against market manipulation
Published 04 May, 2018 12:00am
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