News Archives for Latest - 2020-08-19

World

'Rock bottom' Lebanon must reform for long-term aid: US

They (the Lebanese people) see rulers who use the system in order to enrich themselves and to ignore popular demands.
And if not, I am convinced that the public will increase the pressure on them," Hale added in a conference call in which he laid out a long list of needed policy changes.

Updated 20 Aug, 2020 01:12am

Commodities

Gold retreats 2pc as dollar turns around; Fed minutes eyed

Fed meeting minutes due at 2 p.m. EDT (1800 GMT).
Dollar jumps 0.5%; US stocks hit record.
Smaller coronavirus aid bill reachable -Trump official.

Published 19 Aug, 2020 11:18pm

Financial

US sells $25bn 20-year bonds to tepid demand

The bonds sold at a high yield of 1.185%, which was around one basis point higher than where the debt was trading before the auction.
It was a pretty weak auction," said Kim Rupert, senior economist at Action Economics in San Francisco.

Published 19 Aug, 2020 11:15pm

Middle East

UAE's G42 Healthcare and Israel's NanoScent sign MOU for COVID-19 screening device

This comes after the UAE and Israel signed an agreement on Thursday that will lead to a full normalization of diplomatic relations between the two states.
The device under development, called ScentCheck, will provide results in 30 to 60 seconds, WAM said.

Published 19 Aug, 2020 11:11pm

Europe

Germany would have missed 2020 climate goal without COVID-19 emissions drop

Germany, Europe's largest-emitting country, had hoped to cut emissions to 40% below 1990 levels this year and introduced new climate policies in 2019.
However, policy efforts would have delivered only a 37.5% emissions cut, the ministry said on Wednesday.

Published 19 Aug, 2020 11:06pm

Stocks

London's FTSE 100 ends higher, Hochschild keeps mid-caps in the red

Hochschild Mining Plc shares slump 8.3%.
Primark-owner shares up 1.2%.
UK inflation jumped last month to its highest since March.
FTSE 100 up 0.6%, FTSE 250 down 0.2%.

Published 19 Aug, 2020 11:03pm

Companies

J&J strikes $6.5bn deal for autoimmune disease specialist Momenta

The acquisition, latest in a recent spate of healthcare deals, comes just days after France's Sanofi struck a $3.7 billion deal to buy Principia Biopharma Inc.
Treatments targeting autoimmune conditions have fetched billions of dollars in sales, including AbbVie Inc's Humira.

Published 19 Aug, 2020 11:01pm

Forex

Turkish lira, energy shares rise after Erdogan says 'good news' coming

While Erdogan did not elaborate, a source said his statement was related to Turkey's discovery of energy resources in two separate locations in the Black Sea.
Its operations have led to a dispute with NATO ally Greece over overlapping claims in the Mediterranean.

Published 19 Aug, 2020 10:58pm

Companies

Boeing scores year's first 737 MAX order with Polish airline Enter Air

The jet's recertification is still hanging in the balance more than a year after its worldwide grounding due to two fatal crashes.
The planemaker said on Wednesday that Enter Air placed a new order for two 737-8 aircraft with options for two more jets.

Published 19 Aug, 2020 10:55pm

Europe

Belarusian activist to press fight against Lukashenko with opposition leader

Tsepkalo fled Belarus for neighbouring Poland after the Aug. 9 election upon receiving threats from the government that she would be arrested.
Tsepkalo said: "The only legitimate president is Sviatlana Tsikhanouskaya. Our main target, our main aim is just to make Lukashenko go.

Published 19 Aug, 2020 10:53pm

World

US officially notifies Hong Kong it has ended three agreements

The ending of the agreements follows US President Donald Trump's order last month to end Hong Kong's special status under US law.
The State Department said in a statement the agreements ended covered "the surrender of fugitive offenders.

Published 19 Aug, 2020 10:50pm

Commodities

Soybeans firm on export optimism, dryness

Pro Farmer Midwest Crop Tour estimates offset storm damage fears.
Soybean exports offer support.
Wheat stays firm on demand.

Published 19 Aug, 2020 10:47pm

Stocks

S&P 500, Nasdaq hit record highs as Apple crosses $2trn mark

S&P 500 touches all-time high for second consecutive session.
Nasdaq hits record high for third straight day.
Momenta soars after $6.5 bln takeover offer from J&J.
Indexes up: Dow 0.20%, S&P 0.19%, Nasdaq 0.29%.

Published 19 Aug, 2020 10:44pm

Companies

Roche, Regeneron link up to develop COVID-19 antibody cocktail

Roche manufacturing might to boost capacity.
Regeneron to handle US, Roche rest of world.
Cocktail targets new coronavirus's spike.

Published 19 Aug, 2020 10:43pm

Sports

FIFA's ethics committee clears Infantino after investigation

Swiss authorities last month decided to open criminal proceedings against Infantino to look into meetings between the FIFA chief and Swiss Attorney General Michael Lauber.
Lauber and Infantino have denied any wrongdoing with the FIFA chief saying he met the Attorney General as part of his duties as president of the governing body.

Published 19 Aug, 2020 10:41pm

USA

Canada's economic growth seen outpacing US as virus containment pays off

Canada's economy is set to grow at an annualized rate of 36% in the third quarter, compared to 20% for the United States,
The number of daily new cases in Canada has slowed to less than 400, using a 7-day moving average, from about 1,800 at its peak in May.

Published 19 Aug, 2020 10:39pm

USA

US House to vote on $25bn postal infusion, mail-in ballot safeguards

The Democratic-led House is scheduled to vote on the legislation on Saturday, though there is little chance for passage in the Republican-led Senate.
The Postal Service long has faced financial woes with the rise of email and social media, losing $80 billion since 2007.

Published 19 Aug, 2020 10:37pm

Saudi FM says no ties with Israel until peace with Palestinians

Prince Faisal says peace must be achieved with the Palestinians on the basis of international agreements as a pre-condition for any normalisation of relations

Published 19 Aug, 2020 09:37pm

Outgoing US ambassador meets COAS, appreciates Pakistan's role in Afghan peace process

Bajwa thanks Paul Jones for his services and contributions in Pakistan

Published 19 Aug, 2020 09:20pm

Pakistan

Tree plantation campaign continued as per PM's vision: Minister

Mian Mahmood-ur-Rasheed was informed that 60,000 new plants would be planted in Murree during the current monsoon tree-plantation campaign.

Published 19 Aug, 2020 09:06pm

Pakistan

President stresses upon introduction of latest technology to scouts

The president further stressed upon increasing strength of the scouts and inclusion of different institutions for learning new scouting techniques as next year’s targets.

Published 19 Aug, 2020 08:57pm

Business & Finance

Apple becomes 1st US company to hit $2tn in market value

The iPhone maker attained the distinction in mid-morning trading and was up 1.0 percent at $467.02 near 1520 GMT.

Published 19 Aug, 2020 08:52pm

Pakistan

Shibli asks media to highlight govt's achievements, point out deficiencies

There was always room for improvement and the government was making efforts to improve its performance further, he said while addressing here a press conference.

Published 19 Aug, 2020 08:46pm

Pakistan

Razak reiterates for trade, investment relations between Pak-Uzbekistan

The Advisor emphasized the importance of developing connectivity for harnessing and deepening the bilateral relationship.

Published 19 Aug, 2020 08:41pm

Pakistan

Speaker NA for constructive role of political forces

Parliamentary and political affairs besides matters of mutual interest came under discussion during the meeting.

Published 19 Aug, 2020 08:39pm

Pakistan

Federal, Sindh govts form joint committee for Karachi uplift

Chief Minister Sindh Murad Ali Shah and Asad Umar headed their respective delegations in the meeting.

Published 19 Aug, 2020 08:32pm

Pakistan

Mayor Karachi determined to complete ongoing development projects

He said this while initiating road construction and revamping of sewerage lines in Korangi 1/2 here, said a statement on Wednesday.

Published 19 Aug, 2020 08:27pm

Europe

Erdogan says Turkish economy has regained pre-coronavirus momentum

"Despite some troubles not stemming from our country, the Turkish economy has regained its momentum from before the pandemic,"

Published 19 Aug, 2020 08:14pm

Business & Finance

Wall Street opens slightly higher on strong retail earnings

The Dow Jones Industrial Average rose 33.19 points, or 0.12pc, at the open to 27,811.26.

Published 19 Aug, 2020 08:12pm

Stocks

TSX opens lower as oil prices weaken

At 9:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 26.39 points, or 0.16pc, at 16,599.67.

Published 19 Aug, 2020 08:11pm

Europe

Poland's PM says no reason to worry about situation at border with Belarus

"As part of normal, routine actions we are looking at what is happening behind our border and at the moment there are no reasons for concern," Morawiecki told a news conference.

Published 19 Aug, 2020 08:08pm

Forex

C$ posts 7-month high as Wall St rally bolsters sentiment

U.S. crude prices were down 0.8pc at $42.53 a barrel on concerns U.S. fuel demand will face a slow recovery amid stalled talks on an economic stimulus package.

Published 19 Aug, 2020 08:05pm

Commodities

SOFTS-Arabica coffee futures edge up, raw sugar rises

December arabica coffee was up 0.4 cents, or 0.3pc, at $1.2145 per lb by 1326 GMT, edging up towards a 4-1/2 month high of $1.2890 set on Aug. 5.

Published 19 Aug, 2020 08:02pm

Financial

Yields move lower ahead of 20-year bond auction

The benchmark 10-year yield was last down 1.2 basis points at 0.6574pc, while the 20-year yield was last down 1.8 basis points at 1.133pc.

Published 19 Aug, 2020 07:59pm

USA

Pompeo says US expects to trigger snapback on Iran soon

To trigger a return of the sanctions, the United States will submit a complaint to the 15-member UN Security Council about Iran's non-compliance with the nuclear deal.

Published 19 Aug, 2020 07:56pm

Middle East

UAE records 435 new COVID-19 infections, one death as cases rise

The daily infection rate has fallen from a peak of over 900 in late May but the country has seen periodic spikes since, despite a generally falling trend.

Published 19 Aug, 2020 07:54pm

US imposes Iran-related sanctions on UAE-based companies

The Treasury also blacklisted Amin Mahdavi, an Iranian national based in the United Arab Emirates, for owning or controlling Parthia Cargo.

Published 19 Aug, 2020 07:52pm

Sports

I feel World Cup vibes, says France striker Mbappe after PSG's win

PSG down RB Leipzig 3-0 in the Champions League semifinal on Tuesday.

Published 19 Aug, 2020 07:22pm

Palestinian Embassy thanks PM Imran for "strong response" on Israel

Embassy states Palestinians consider Pakistan as their second homeland and Pakistanis as their dearest brothers, who always supported Palestine on every forum of the world

Published 19 Aug, 2020 07:01pm

Exchange

Rupee weakens against dollar

The State Bank of Pakistan reported that in interbank trading, the price of euro appreciated by 93 paisas and closed at Rs. 200.98 against the last day’s trading of Rs. 200.05.

Published 19 Aug, 2020 06:57pm

Currency

SBP’s forex reserves to jump to $16bn by end FY21

The New York Based international credit rating agency in its recent report said that the central banks’ reserves rose to about US$12.5 billion by end-July from $7.7 billion a year prior.

Published 19 Aug, 2020 06:55pm

Pakistan

Tea imports increase 10.7 percent in July

The tea imports into the country were recorded at $38.180 million during July 2020 as against imports of $34.489 million in July 2019, according to latest PBS data.

Published 19 Aug, 2020 06:51pm

Pakistan

PM for making youth stakeholders in national economy

The Prime Minister expressed these views in a meeting with Adviser on Finance Hafeez Sheikh and Special Assistant on Youth Affairs Usman Dar.

Published 19 Aug, 2020 06:48pm

Pakistan

Communication ministry has saved Rs750mn through austerity policy: Murad Saeed

He said e-tendering, e-bidding and e-billing system had been introduced in the National Highway Authority (NHA) to improve the efficiency and ensure transparency.

Published 19 Aug, 2020 06:45pm

Pakistan

Pakistan will be able to manufacture local dialysis, anesthesia machines this year: Chaudhry Fawad

His ministry tasked Pakistan Council for Scientific and Industrial Research (PCSIR) to produce sanitizers at a local level, Chaudhry Fawad said.

Published 19 Aug, 2020 06:42pm

Pakistan

COVID-19 claims seven more lives, infects 317 others

He said that 317 more patients emerged when 8561 samples were tested that constituted four percent current detection rate.

Published 19 Aug, 2020 06:40pm

Pakistan

Water Resource Ministry needs no govt sovereign guarantee for any projects: Vawda

He informed that feasibility study of Sindh Barrage has also been started while around 112 small dams were also being built across the country.

Published 19 Aug, 2020 06:38pm

Opposition parties trying to create anarchy in country, says Faraz

Information minister says economy has revived and now the government will take action against mafias

Updated 19 Aug, 2020 06:06pm

Middle East

Saudi King Salman, Nigerian president discuss oil market

The two leaders "stressed the importance of compliance, by all participants, to the OPEC+ agreement and the agreed upon compensation mechanism,"

Published 19 Aug, 2020 06:01pm

Stocks

Australian shares end at over 5-month high as CSL, financials gain

The S&P/ASX 200 index ended 0.7pc higher at 6,167.60, its highest close since March 6, 2020.

Published 19 Aug, 2020 05:57pm

Commodities

CBOT corn may drop to $3.18-1/2

The support is identified as the 38.2pc retracement of the downtrend from $3.55 to $3.07-1/4.

Published 19 Aug, 2020 05:55pm

Stocks

Nikkei inches up after US tech gains, near 30-year high in dollar terms

The broader Topix edged up 0.18pc to 1,613.73. In dollar terms, it stood at 219.10, just 0.3pc below its 2019 peak, which was the highest since 1990.

Published 19 Aug, 2020 05:53pm

Financial

Long-dated JGB yields dip on stabilising US Treasuries, BOJ buying

The BOJ's buying of five- to ten-year JGBs on Wednesday saw limited selling from market players, helping to warm up market sentiment.

Published 19 Aug, 2020 05:51pm

Forex

South African rand extends gains; eyes on Fed minutes

At 0647 GMT, the rand traded at 17.2850 versus the dollar, more than 0.2pc stronger than its previous close.

Published 19 Aug, 2020 05:50pm

Commodities

Algeria wheat tender purchase estimated at 560,000 T

Early estimates put the prices paid at around $231-$232 a tonne, including cost and freight (c&f), traders said.

Published 19 Aug, 2020 05:48pm

Stocks

South Korean stocks rise, tracking Wall St rally; surging virus cases weigh

The won strengthened to a five-month-high, while the benchmark bond yield fell.

Published 19 Aug, 2020 05:46pm

Commodities

London copper jumps to highest in over two years as output falls

Three-month copper on the London Metal Exchange jumped as much as 1.8pc to $6,686 a tonne, its highest since June 2018.

Published 19 Aug, 2020 05:44pm

Stocks

FTSE 100 dips as lower oil prices hit BP, Shell

The blue-chip FTSE 100 was down 0.1pc, with BP Plc and Royal Dutch Shell Plc being among the biggest drags.

Published 19 Aug, 2020 05:43pm

Forex

Rouble slips in early trade; Belarus remains in focus

At 0724 GMT, the rouble was 0.2pc weaker against the dollar at 73.30 and has lost 0.1pc to trade at 87.44 versus the euro.

Published 19 Aug, 2020 05:41pm

Europe

Russia reports 4,828 new coronavirus cases

Russia's coronavirus taskforce said 117 people had died over the last 24 hours, bringing its official death toll to 15,989.

Published 19 Aug, 2020 05:40pm

Stocks

China stocks end lower on profit-taking in high-value healthcare and tech stocks

The blue-chip CSI300 index was down 1.5pc, with its financial sector sub-index lower by 1.63pc, the consumer staples sector down 0.41pc, the real estate index down 1.33pc.

Published 19 Aug, 2020 05:38pm

Commodities

CBOT wheat may rise to $5.16 per bushel

The resistance is identified as the 38.2pc retracement of the downtrend from $5.44 to $4.88.

Published 19 Aug, 2020 05:36pm

Commodities

New York cocoa may retest support at $2,420

The support is provided by the 100% projection level of a downward wave c from $2,528.

Published 19 Aug, 2020 05:35pm

Stocks

Most major Gulf markets gain as financial shares rise

Saudi Arabia's benchmark index gained 0.3pc, with Riyad Bank rising 2.3pc and Al Rajhi Bank gaining 0.5pc.

Published 19 Aug, 2020 05:34pm

"Mentally-ill" man stabs 10 family members to death in Sukkur

Sindh CM took notice of the matter and ordered inquiry into the incident. He sought a detailed report from police chief

Updated 19 Aug, 2020 05:27pm

Forex

Ugandan shilling steady, propped by tea and coffee inflows

At 0747 GMT, commercial banks quoted the shilling at 3,667/3,677, the same level as Tuesday's close.

Published 19 Aug, 2020 05:07pm

Stocks

Hong Kong shares slip on profit-taking in energy, tech stocks

At the close of trade, the Hang Seng index was down 188.47 points, or 0.74pc, at 25,178.91.

Published 19 Aug, 2020 05:05pm

Stocks

Europe totters after Wall Street rally, Maersk jumps

After opening lower, the pan-European STOXX 600 index edged up 0.1pc, with bourses in Germany, London and France trading nearly flat.

Published 19 Aug, 2020 05:03pm

Forex

Turkey's lira recovers from all-time low; EM shares decline

That helped the currency rise 0.2pc against the dollar and on pace for a second straight session of gains.

Published 19 Aug, 2020 05:01pm

Commodities

Japan to seek 80,000 T feed wheat, 100,000 T barley via tender

It will be done via a simultaneous buy and sell (SBS) auction that will be held on Aug. 26.

Published 19 Aug, 2020 04:59pm

Money & Banking

Indonesia central bank keeps rates on hold, eases car loan rules

It has also agreed with the government a $40 billion fiscal deficit financing scheme that involves the central bank buying $28 billion of bonds while relinquishing interest payments.

Published 19 Aug, 2020 04:57pm

Forex

Dollar struggles near 27-month lows as Fed minutes eyed

The greenback was broadly flat at 92.15 against a basket of currencies in early European trading and just a shade above a April 2018 low of 92.124 seen on Tuesday.

Published 19 Aug, 2020 04:47pm

Energy

UK GAS-Prices rise as Norwegian maintenance curbs supply

The within-day contract rose by 0.60 pence to 22.50 p/therm by 0840 GMT.

Published 19 Aug, 2020 04:28pm

Commodities

Which country got the most gold reserves, how much gold does Pakistan have?

The World Gold Council has released a list of the countries in the world that have the largest gold reserves.

Published 19 Aug, 2020 04:31pm

Europe

Polish employment falls less than expected in July

Corporate employment fell by 2.3pc year-on-year to 6.252 million people in July, the statistics office said on Wednesday.

Published 19 Aug, 2020 04:25pm

Relations with Saudi Arabia very good: PM says they are constantly in touch

“The rumours that our relations with Saudi Arabia have soured are totally false,” PM said.

Published 19 Aug, 2020 04:24pm

Sports

Labuschagne primed to become man-for-all-formats

Right-hand batsman is hoping to cement his place in the Australia’s limited-overs sides on the white-ball tour of England.

Updated 19 Aug, 2020 04:26pm

Money & Banking

Turkish central bank injects 10bn lira in repo at avg rate of 11.27pc

It said that total bids amounted to 53.2 billion lira in the repo, which will mature on Sept. 9.

Published 19 Aug, 2020 04:23pm

Commodities

Ukraine's 2020/21 grain exports fall 19.8pc so far

Traders have sold 502,000 tonnes as of Aug. 19 compared to 1.68 million tonnes by the same date last season.

Published 19 Aug, 2020 04:21pm

Asia

India coronavirus cases surge to 2.8 million

The world's second-most populous country had 64,531 new infections, which took the virus tally to 2.8 million.

Published 19 Aug, 2020 04:19pm

South Asia

Hong Kong's jobless rate eases to 6.1pc, sees near-term pressure

Under-employment also worsened, decreasing to 3.5pc from 3.7pc in the previous three-month rolling period.

Published 19 Aug, 2020 04:18pm

Business & Finance

WTO goods trade index hits record low, detects some recovery signs

The exact extent of the fall will become clear only when official trade data for April to June become available.

Published 19 Aug, 2020 04:12pm

World

Pope warns rich countries against coronavirus vaccine nationalism

The World Health Organization (WHO) said on Tuesday that any nation which hoards possible COVID-19 vaccines while excluding others would deepen the pandemic.

Published 19 Aug, 2020 04:10pm

Commodities

India raises sugar cane floor price by 3.6pc

The government raises the floor price for cane every year, but Uttar Pradesh state, the country's top cane producer, invariably raises the floor price further due to its millions of cane growers.

Published 19 Aug, 2020 04:08pm

Forex

Kenyan shilling weakens to all-time low on energy sector dollar demand

At 0935 GMT, commercial banks quoted the shilling at 108.50/70 to the dollar, compared with Tuesday's close of 108.35/55.

Published 19 Aug, 2020 04:06pm

Energy

OPEC+ meets to review compliance with oil cuts

"The meeting will be mostly a focus on conformity and compensation," said an OPEC source, rather than any major tweaks to the OPEC+ supply cut deal.

Published 19 Aug, 2020 04:03pm

Iran coronavirus death toll tops 20,000: health ministry

Iran is one of the worst-hit countries from the outbreak in the Middle East.

Published 19 Aug, 2020 03:59pm

World

Worldwide coronavirus cases cross 22.22 million, death toll at 780,431

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

Published 19 Aug, 2020 03:57pm

Europe

Russia says no need for mediation in Belarus, accuses foreign powers of meddling

Lavrov said statements by European Union countries were driven by the geopolitics and that he hoped the Belarusian opposition would be ready to enter into talks with the authorities in Belarus.

Published 19 Aug, 2020 03:55pm

Commodities

Indonesia mulls palm oil levies increase to support biodiesel plans

Indonesia collects levies from palm oil exports to fund the cost difference between fuel made from palm oil and fossil diesel fuel as incentives for producers.

Published 19 Aug, 2020 03:53pm

Energy

Oil slips as demand worries outweigh US stocks draw

US West Texas Intermediate (WTI) crude futures were down 32 cents, or 0.75pc, at $42.57 a barrel.

Published 19 Aug, 2020 03:50pm

Commodities

Gold falls below $2,000/oz as dollar steadies

Spot gold fell 0.7pc to $1,986.78 per ounce by 1007 GMT, after hitting a one-week high of $2,014.97 on Tuesday.

Published 19 Aug, 2020 03:48pm

Europe

UK inflation jumps in July as clothes shops shun summer sales

Annual consumer price inflation rose to 1.0pc in July from 0.6pc in June, the Office for National Statistics said, above all forecasts in a Reuters poll of economists.

Published 19 Aug, 2020 03:46pm

Forex

Sterling unfazed by higher inflation, still driven by dollar

That was above all forecasts in a Reuters poll of economists that had pointed to an unchanged rate.

Published 19 Aug, 2020 03:44pm

Stocks

Indian shares settle higher, banks, Reliance support gains

The NSE Nifty 50 index closed 0.2pc up at 11,408.40, highest since Feb. 27, and the S&P BSE Sensex closed 0.22pc up at 38,614.79, highest since March 3.

Published 19 Aug, 2020 03:43pm

Industry

Johnson & Johnson to buy Momenta for about $6.5bn

J&J will pay $52.50 for each Momenta share, a 70.4pc premium to Tuesday's closing price.

Published 19 Aug, 2020 03:38pm

Business & Finance

FBR directs Tier-I retailers to integrate with Point of Sale system by 31st August

FBR has warned that the last date for such integration is 31st August 2020 and afterward those who failed to integrate would be imposed a penalty up to Rs1 million and if the offense continued, the business premises of such a retailer shall be sealed.

Published 19 Aug, 2020 02:58pm

Sports

Barcelona announce arrival of Koeman as their new manager

The Dutchman has left his post in charge of the Netherlands national team to replace Quique Setien at the Camp Nou.

Updated 19 Aug, 2020 02:58pm

Pakistan

Sindh health minister does not want schools to reopen from September

Dr Azra Pechuho said that students cannot be prevented from socialising.

Updated 19 Aug, 2020 02:48pm

Currency

Pakistan merchant marine policy and domestic shortcomings: A brief analysis

With the advent of latest technologies, especially in the means of transport, the maritime connectivity has reached...

Published 19 Aug, 2020 02:26pm

Philippines reports 4,650 new coronavirus cases, 111 additional deaths

Total confirmed cases have risen to 173,774 the highest in Southeast Asia.

Published 19 Aug, 2020 02:05pm

Sports

Adil Rashid can still make Test return: England selector Ed Smith

The 32-year-old leg-spinner last played the longest format of the game was in in January of last year.

Published 19 Aug, 2020 02:00pm

Business & Finance

Pakistan allows export of N-95 & surgical masks

“Alhamdulillah, the Cabinet has allowed export of N-95 & Surgical masks,” said Dawood in a tweet.

Published 19 Aug, 2020 01:58pm

Sports

Misbah keen to win third Test as ‘late Independence Day gift to the nation’

Pakistan’s head coach-cum-chief selector has no qualms over players' fitness for the final Test.

Published 19 Aug, 2020 01:54pm

Business & Finance

Pakistan should implement national single window system, PCS, urges ADB

The report also called to develop TIR parks close to high-traffic BCPs.

Published 19 Aug, 2020 12:30pm

131 new cases take Punjab's tally to 95,742

Province reported one death.

Published 19 Aug, 2020 11:55am

Technology

Apple removes thousands of games from its China’s App Store

Chinese partnership is required to run foreign app stores in China, but Apple is the only company that manages the app store on its iPhone.

Published 19 Aug, 2020 11:51am

Technology

Nergis Mavalvala is the ‘new icon’ for women scientists: Fawad Chaudhry

The Karachi born Dr. Mavalvala will succeed Michael Sipser, who will return to the faculty as the Donner Professor of Mathematics, after six years of service, informed MIT.

Published 19 Aug, 2020 11:08am

World

New Zealand ramps up military at border to beat coronavirus outbreak

Around 500 more defence personnel will be deployed, taking the total defence force personnel to around 1,200.

Published 19 Aug, 2020 10:41am

Companies

Mastercard introduces Tokenization technology in MENA to enhances security capabilities

The new tokenization technology is also designed to protect security of consumers and merchants as shopping goes increasingly digital.

Published 19 Aug, 2020 10:41am

Money & Banking

Citigroup wins freeze on funds mistakenly sent to Revlon creditors

A U.S. judge blocked a hedge fund from doing anything with its nearly $175 million portion of the payout while he considers a preliminary injunction that could eventually require the firm to repay Citigroup.

Published 19 Aug, 2020 10:23am

Commodities

Oil slips as demand fears outweigh strong U.S. stocks draw

With investors keeping one eye on a key producer countries’ ministerial meeting later in the day, Brent crude futures fell 33 cents, or 0.7%, to $45.13 a barrel by 0418 GMT, having edged up 9 cents on Tuesday.

Published 19 Aug, 2020 10:20am

Forex

Dollar under pressure as economic uncertainties linger

The dollar hit fresh lows against most major currencies overnight as the ongoing effects of the Federal Reserve’s stimulus programmes weakened the greenback broadly and lifted U.S. stock indexes to record highs.

Published 19 Aug, 2020 10:16am

Stocks

Asian stocks at seven-month highs after Wall Street cracks more records

MSCI’s broadest index of Asia-Pacific shares outside of Japan rose 0.3%, up for a third straight day to 570.80 points, a level not seen since late January.

Published 19 Aug, 2020 10:10am

Pakistan

RapidCompute reports record growth in Cloud adoption during Coronavirus lockdown

Cloud adoption has seen steady growth in Pakistan in the past few years, and this growth is set to accelerate as International players enter the region; increasing awareness of the technology.

Published 19 Aug, 2020 10:00am

BR Research

Timely data in Covid times

In latest news, the State Bank of Pakistan (SBP) has enhanced the limits for housing finance and general-purpose...

Published 19 Aug, 2020 09:47am

Exchange

Bank Al Habib: Solid performance

Bank Al Habib Limited (BAHL) had a stellar six-month period ending June 30, 2020. The financial results for 1HCY20...

Published 19 Aug, 2020 09:46am

BR Research

Ties that bite

In a heavily commercialized and securitized world, a country’s foreign policy is mostly about securing its own...

Published 19 Aug, 2020 09:46am

BR Research

Coal sinking

There seems to be no end to the decelerating prices of coal as the demand slump continued well into 2020, starting...

Published 19 Aug, 2020 09:46am

Currency

Prosperity Weaving Mills Limited

Prosperity Weaving Mills Limited (PSX: PRWM) was established as a public limited company in 1991. It is one of the...

Published 19 Aug, 2020 09:45am

Sports

Neymar helps lead PSG past Leipzig and into first ever Champions League final

Neymar won a free-kick just outside the box to the left. Di Maria's wicked delivery was headed home by Marquinhos.

Published 19 Aug, 2020 04:23am

World

New Flight Simulator game takes off with French studio in cockpit

BORDEAUX: Many aircraft are still grounded due to the coronavirus pandemic, but would-be and real pilots took to the...

Updated 19 Aug, 2020 03:36am

World

Nestle agrees to buy US firm IM HealthScience

GENEVA: Nestle Health Science, the Swiss food giant's nutritional medicine subsidiary, announced Tuesday it had...

Updated 19 Aug, 2020 03:35am

World

Libya signs military accord with Qatar, Turkey

TRIPOLI: Qatar and Turkey have signed an accord to send military advisers and instructors for the armed forces of...

Updated 19 Aug, 2020 03:34am

World

Amazon to expand tech hubs, corporate offices, adding 3,500 jobs

WASHINGTON: Amazon unveiled plans Tuesday to hire 3,500 new employees as part of an expansion of its technology hubs...

Updated 19 Aug, 2020 03:34am

Taxes

FBR assures business community: Registered persons to be facilitated to operate as large taxpaying units

ISLAMABAD: The Federal Board of Revenue (FBR) has assured the business community that the registered persons, who...

Updated 19 Aug, 2020 03:33am

Taxes

Transfers, postings in FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has transferred and posted 37 officers of Inland Revenue Service...

Updated 19 Aug, 2020 03:33am

Taxes

Revised ADR mechanism: FBR may notify new rules to meet requirements

ISLAMABAD: The Federal Board of Revenue (FBR) is expected to notify the new rules to meet the requirements of the...

Updated 19 Aug, 2020 03:32am

Currency

World's largest wealth fund yo-yos in first half

OSLO: Norway's sovereign wealth fund, the world's biggest, posted both record quarterly gains and losses in the ...

Updated 19 Aug, 2020 03:32am

Business & Finance

US housing starts surge 23pc in July

WASHINGTON: US home construction started in July surged 22.6 percent compared to June, the Commerce Department said...

Updated 19 Aug, 2020 03:31am

Business & Finance

Walmart profits jump

NEW YORK: Walmart reported Tuesday a jump in second-quarter profits as e-commerce sales surged during the ...

Updated 19 Aug, 2020 03:30am

Business & Finance

Mobile phones' import up over 89pc in July

ISLAMABAD: Mobile phones' import witnessed an increase of 89.03 percent in the first month (July) of fiscal year...

Updated 19 Aug, 2020 03:30am

Indian classical maestro Pandit Jasraj dies at 90

NEW DELHI: Music lovers in India have paid glowing tributes to the classical maestro Pandit Jasraj, who has died at...

Updated 19 Aug, 2020 03:29am

Pakistan

SIUT to resume transplantation activities soon

KARACHI: SIUT (Sindh Institute of Urology and Transplantation) has announced that its transplantation activities...

Updated 19 Aug, 2020 03:10am

Pakistan

Covid-19 claims five more lives in Sindh, infects 318

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Covid-19 has claimed five more lives lifting the...

Updated 19 Aug, 2020 03:09am

Pakistan

Quetta Customs seizes smuggled goods worth Rs70m

KARACHI: Directorate Intelligence and Investigation (DI&I), Customs Quetta, on Tuesday claimed to have seized...

Updated 19 Aug, 2020 03:09am

Pakistan

Empowerment of local bodies: Wasim once again appeals to CJP to take up plea

KARACHI|: Mayor Karachi Wasim Akhtar on Tuesday said that he had been raising voice for empowerment of local bodies...

Updated 19 Aug, 2020 03:07am

Pakistan

MQM-P to hold APC on problems of Karachi

KARACHI: The Muttahida Qaumi Movement-Pakistan (MQM-P) announced on Tuesday that it would hold an All Parties...

Updated 19 Aug, 2020 03:07am

Pakistan

Online exams kick off at SU

HYDERABAD: SU Vice Chancellor Prof Dr Fateh Muhammad Burfat has felicitated all varsity stakeholders i.e. Pro Vice...