News Archives for Latest - 2024-02-09

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Archive - 2024-02-09

World

Hezbollah says launches rocket salvo at Israeli-occupied Golan

BEIRUT: Iran-backed Lebanese group Hezbollah said it fired dozens of rockets at an army position in the...

Published 09 Feb, 2024 11:53pm

Pakistan

Security forces kill wanted terrorist in Balochistan: ISPR

Security forces on Friday killed a wanted terrorist associated with the banned outfit Daesh in Balochistan’s Qila...

Published 09 Feb, 2024 11:35pm

Pakistan

US calls for investigation of election fraud claims in Pakistan

State Department says US prepared to work with new Pakistani government to advance shared interests

Published 09 Feb, 2024 11:10pm

Pakistan

We recognise concerns raised about fairness and inclusivity of elections: British FM

David Cameron says the election of a civilian government with the mandate to deliver crucial reforms is essential for Pakistan to flourish

Updated 09 Feb, 2024 10:57pm

Energy

Oil rises 1%, heads for weekly gain as Middle East conflict rages

LONDON: Oil prices rose on Friday and were on track for gains of almost 7% week-on-week, amid persistent tensions in...

Updated 09 Feb, 2024 09:25pm

Sports

Chelsea’s Pochettino hopes to build winning momentum at Palace

LONDON: Chelsea manager Mauricio Pochettino hopes Wednesday’s FA Cup victory at Aston Villa will help them gain some...

Published 09 Feb, 2024 09:21pm

Pakistan

Pakistan should investigate reports of election irregularities, says EU

Urges all parties and actors to use peaceful and democratic mechanisms to settle differences, refraining from further violence

Published 09 Feb, 2024 09:14pm

Elections

Two killed in election unrest in northwest Pakistan: police

PESHAWAR: Two Pakistanis were killed Friday in a confrontation between police and followers of ex-prime minister...

Published 09 Feb, 2024 09:04pm

Forex

Rupee moves higher against US dollar

Currency settles at 279.28 in inter-bank market

Updated 09 Feb, 2024 08:20pm

Business & Economy

Moody’s says timely election result to reduce uncertainty in Pakistan: report

Moody’s Investor Services (Moody’s), a global credit ratings agency, said timely announcement of election results...

Updated 09 Feb, 2024 08:09pm

Forex

SBP-held foreign exchange reserves decrease $173mn, now stand at $8.04bn

Central bank attributes decrease in reserves to debt repayments

Published 09 Feb, 2024 08:09pm

Pakistan

Nawaz invites former allies to help form new govt

Party is currently lagging behind independents in race to get majority NA seats

Updated 09 Feb, 2024 08:04pm

Stocks

S&P 500 opens above 5,000 mark after revised inflation data

The benchmark S&P 500 opened firmly above the 5,000 mark on Friday after data pointed to minimal revisions in...

Published 09 Feb, 2024 08:00pm

Stocks

Consumer discretionary stocks drag TSX lower at open

Canada’s main stock index opened lower, weighed down by consumer discretionary stocks, while investors assessed a...

Published 09 Feb, 2024 07:58pm

Business & Finance

Embraer, Mahindra to collaborate on winning orders for C-390 aircraft in India

SAO PAULO: Brazil’s Embraer and India’s Mahindra have signed a preliminary agreement to collaborate on securing...

Published 09 Feb, 2024 07:56pm

Pakistan

LHC bars ECP from issuing NA-128 results on Salman Akram Raja’s plea

The Lahore High Court (LHC) on Friday barred the Election Commission of Pakistan (ECP) from issuing results for...

Updated 09 Feb, 2024 07:36pm

Pakistan

Omar Ayub tells PTI supported winners to stay loyal to Imran Khan under ‘all circumstances’

PTI General Secretary says the party will form the federal and provincial governments

Published 09 Feb, 2024 07:29pm

Stocks

Uncertainty over election results dents PSX sentiments, KSE loses 1,200 points

KSE-100 recovers some losses after plunging over 2,000 points during the opening minutes of the post-election trading session

Updated 09 Feb, 2024 07:06pm

USA

Trump bumps delegate count with easy Nevada caucus win

LAS VEGAS: Donald Trump strolled to victory in the Nevada caucus on Thursday, adding more delegates in his seemingly...

Published 09 Feb, 2024 07:01pm

Cricket

Sri Lanka make 381 after Nissanka double ton

KANDY: Pathum Nissanka became the first Sri Lankan to score an ODI double century, powering the hosts to an immense...

Updated 09 Feb, 2024 06:30pm

Companies

PepsiCo signals demand hit from price hikes with rare sales decline

PepsiCo reported a surprise drop in quarterly sales and forecast a sharp slowdown in organic revenue growth for...

Published 09 Feb, 2024 06:28pm

Forex

Bitcoin rises 5% to highest in a month

LONDON: Bitcoin rose 5% on Friday to its highest in a month, marching back towards the level it reached in January...

Published 09 Feb, 2024 06:24pm

Luxury

Dubai over ‘crime-ridden’ London: luxury property developer praises emirate

A luxury London property developer has said Dubai is drawing wealth due to “low crime” and “incredible...

Published 09 Feb, 2024 06:24pm

Stocks

Australian shares post first weekly fall in three as rate-hike bets back in focus

Australian shares edged higher on Friday, but posted their first weekly decline in three, while markets revised...

Updated 09 Feb, 2024 06:08pm

Commodities

Palm posts weekly gain on lower production estimates

KUALA LUMPUR: Malaysian palm oil futures settled higher on Friday and posted a weekly gain ahead of the Lunar New...

Updated 09 Feb, 2024 05:54pm

Stocks

Indian shares sink to weekly losses on fading rate cut hopes

BENGALURU: Indian shares were muted on Friday and logged weekly losses, weighed down by financials and consumer...

Updated 09 Feb, 2024 05:52pm

Cricket

Warner, Zampa star as Australia beat West Indies in 1st T20

HOBART: David Warner slammed 70 off 36 balls in his 100th Twenty20 international and Adam Zampa grabbed three...

Updated 09 Feb, 2024 05:50pm

Europe

UNICEF says 700,000 children in Sudan at risk of worst form of malnutrition

GENEVA: UNICEF said on Friday that 700,000 children in Sudan were likely to suffer from the worst form of...

Published 09 Feb, 2024 05:43pm

Pakistan

Fractious Pakistan poll fertile ground for disinformation

ISLAMABAD: Fake boycotts, fictional ballots and blasphemy smears: a deluge of disinformation accompanied Pakistan’s...

Published 09 Feb, 2024 05:35pm

Middle East

Aid groups warn of Rafah ‘bloodbath’ if Israel advances

GENEVA: Any Israeli military advance into southern Gaza’s Rafah area could cause mass deaths among the more than a...

Published 09 Feb, 2024 05:33pm

Stocks

Sri Lanka shares end higher on consumer staples, industrials boost

BENGALURU: Sri Lankan shares closed higher for an eighth straight session on Friday, aided by gains in consumer...

Published 09 Feb, 2024 05:27pm

Business & Finance

India’s Paytm bank’s slow drop-off in transactions may prompt deadline extension

MUMBAI: Paytm Payments Bank, which India’s central bank has ordered to wind down by Feb. 29, is seeing transactions...

Published 09 Feb, 2024 05:23pm

Europe

Zelenskiy names ex-army chief Zaluzhnyi ‘hero of Ukraine’

KYIV: President Volodymyr Zelenskiy named former army chief General Valeriy Zaluzhnyi a “Hero of Ukraine” on Friday,...

Published 09 Feb, 2024 05:17pm

Business & Finance

Airbus warns airlines of new delivery delays

PARIS: Airbus has begun notifying airlines of a new bout of delivery delays, pushing back some deliveries previously...

Published 09 Feb, 2024 05:14pm

Middle East

UAE foreign minister calls for efforts to prevent expansion of Gaza conflict

DUBAI: The United Arab Emirates foreign minister called for an intensification of efforts to prevent the expansion...

Published 09 Feb, 2024 05:11pm

Movies & Music

Abu Dhabi set to host ‘Dune: Part Two’ premiere

Middle East event will be held on February 18

Published 09 Feb, 2024 05:08pm

Commodities

Copper steadies on China financing data; zinc and lead hit new lows

LONDON: Copper prices steadied on Friday after a week of heavy losses as investors got a glimmer of hope that top...

Updated 09 Feb, 2024 05:06pm

Stocks

Stock markets steady before US inflation data

LONDON: Europe’s main stock markets steadied Friday as traders reacted to more earnings updates from top companies,...

Updated 09 Feb, 2024 05:04pm

Europe

Ukraine must change ‘methods’ of war, new army chief says

KYIV: The Ukrainian army needs to change its “methods” to win the war against Russia, Kyiv’s new commander-in-chief...

Published 09 Feb, 2024 05:02pm

Mutual Funds

India bond yields partly reverse budget-led fall this week as central bank disappoints

MUMBAI: Indian government bond yields rose this week, partially reversing the fall triggered by a fiscally-prudent...

Published 09 Feb, 2024 05:01pm

Energy

Shell resumes oil supply to Nigeria’s state refinery ahead of restart

LAGOS: Shell Plc’s Nigeria unit said on Friday it has resumed supply of crude oil from its Bonny export terminal to...

Published 09 Feb, 2024 04:55pm

Forex

India’s forex reserves rise to one-month high of $622.47bn

MUMBAI: India’s foreign exchange reserves rose for a second straight week to a one-month high of $622.47 billion as...

Published 09 Feb, 2024 04:52pm

Europe

EU countries postpone decision on proposed EU supply chain due diligince law

BRUSSELS: European Union countries postponed on Friday a decision on a proposed law requiring large companies in the...

Published 09 Feb, 2024 04:51pm

Pakistan

Cellular services suspension was imperative for smooth conduct of election: caretaker interior minister

Caretaker Interior Minister Dr Gohar Ejaz said on Friday that suspension of cellular services was needed for smooth...

Updated 09 Feb, 2024 04:37pm

Pakistan

Nawaz Sharif to address supporters today: PML-N

Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif will address his supporters in Lahore’s Model Town at 5 pm...

Published 09 Feb, 2024 04:24pm

Commodities

Palm posts weekly gain on lower production estimates

KUALA LUMPUR: Malaysian palm oil futures settled higher on Friday and posted a weekly gain ahead of the Lunar New...

Published 09 Feb, 2024 04:04pm

Europe

EU states, parliament seek to seal deal on spending rules

BRUSSELS: EU states and lawmakers will hold final-stretch talks on Friday to try and strike a deal on budget reforms...

Published 09 Feb, 2024 03:04pm

Middle East

Health ministry in Gaza says war death toll at 27,947

GAZA STRIP: The health ministry in the Gaza Strip said Friday that at least 27,947 people have been killed in the...

Published 09 Feb, 2024 02:52pm

Pakistan

Ready to work with new govt in Pakistan: US State Department

US State Department Deputy Spokesperson Vedant Patel said on Thursday that the United States was keen on continuing...

Updated 09 Feb, 2024 02:48pm

Discos’ management: CCoP defers approval to PD proposal

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) has deferred approval of the Power Division’s proposal to...

Updated 09 Feb, 2024 02:47pm

Business & Economy

Pakistan sovereign dollar bonds drop as election results trickle in

SINGAPORE: Pakistan’s dollar-denominated government bonds slipped by as much as 2 cents on Friday as election...

Updated 09 Feb, 2024 02:46pm

Stocks

London stocks flat; set for second consecutive weekly decline

UK shares were muted in early trade on Friday and set for a second straight weekly decline, as a recovery in...

Published 09 Feb, 2024 02:45pm

Luxury

Hermes’ shares reach record high as booming sales outpace rivals

PARIS: Hermes’, opens new tab shares rose to a record high on Friday after the Birkin bag maker again outpaced its...

Published 09 Feb, 2024 02:39pm

Money & Banking

Barclays to buy most of Tesco’s banking arm for $757 million

Barclays will buy most of the banking operations of Britain’s biggest supermarket group Tesco for about 600 million...

Published 09 Feb, 2024 02:37pm

Life & Style

L’Oreal announces Miu Miu licence, after Asian sales disappoint

PARIS: L’Oreal, opens new tab has signed a licensing agreement with high end fashion label Miu Miu for beauty...

Published 09 Feb, 2024 01:36pm

South Asia

Violent protests in Indian city kills two, more than 80 injured

NEW DELHI: Two people were killed and more than 80 injured in violent protests in India’s northern city of Haldwani...

Published 09 Feb, 2024 01:12pm

Stocks

Holiday-hit Asian markets mixed, Wall St record fails to inspire

HONG KONG: Asian markets were mixed in holiday-thinned trade Friday as investors struggled to build on another...

Published 09 Feb, 2024 12:15pm

Stocks

Tokyo’s Nikkei inches up at close

TOKYO: Tokyo’s benchmark Nikkei index closed slightly higher on Friday, supported by gains from SoftBank Group,...

Updated 09 Feb, 2024 12:13pm

Middle East

UAE’s Aldar Properties Q4 net profit jumps 39% y/y on higher sales

DUBAI: Abu Dhabi-headquartered developer Aldar Properties reported a 39% rise in fourth-quarter profit on Friday,...

Published 09 Feb, 2024 12:07pm

Europe

Russia says shoots down 19 Ukrainian drones overnight

MOSCOW: Russia’s military shot down 19 Ukrainian drones over four different regions and the Black Sea overnight, the...

Published 09 Feb, 2024 11:57am

Financial

JGB yields rise as 5-year bond auction sees lacklustre sales

TOKYO: Japanese government bond (JGB) yields rose on Friday, as the market reacted to lukewarm demand at an auction...

Published 09 Feb, 2024 11:33am

Companies

Roche cutting 345 jobs in product development

ZURICH: Roche is cutting 345 jobs, Swiss website Muula reported, as the drugs company responds to lower profit...

Published 09 Feb, 2024 11:26am

Commodities

Gold flat as safe-haven demand offsets US dollar strength

Gold prices were flat in light trading on Friday with Chinese markets closed for the Lunar New Year break, while a...

Published 09 Feb, 2024 10:56am

Currency

Indian rupee weakens slightly on dollar demand from state-run banks, importers

MUMBAI: The Indian rupee weakened on Friday, pressured by dollar demand from state-run banks and importers, but...

Published 09 Feb, 2024 10:52am

Middle East

Saudi hosts Arab diplomats for Gaza talks after Blinken tour

RIYADH: Four top Middle Eastern diplomats reiterated calls for “irreversible” steps towards the recognition of a...

Published 09 Feb, 2024 10:36am

South Asia

North Korea’s Kim vows to ‘put an end’ to South if force used

SEOUL: North Korean leader Kim Jong Un has vowed Pyongyang would not hesitate to “put an end” to South Korea if...

Published 09 Feb, 2024 10:27am

Commodities

Japan futures climb on raft of positive factors; set for weekly loss

SINGAPORE: Japanese rubber futures climbed on Friday on a weaker yen and strong performances in the Nikkei index,...

Published 09 Feb, 2024 10:17am

Currency

Australia dollar in doldrums, kiwi climbs on RBNZ rate risk

SYDNEY: The Australian dollar was heading toward a fourth straight week of losses on Friday as concerns about...

Published 09 Feb, 2024 10:13am

Elections

Early Pakistan vote results show rivals neck and neck

ISLAMABAD: Pakistan’s main political parties were tied neck and neck in early results on Friday after vote counts in...

Published 09 Feb, 2024 10:06am

Money & Banking

Australia central bank warns on inflation, market pushes out rate cuts

SYDNEY: Australia’s top central banker on Friday warned there was still some way to go to meet the midpoint of the...

Published 09 Feb, 2024 09:47am

Business & Finance

Regulated Entities: SECP to appoint new auditors

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to appoint new auditors for...

Updated 09 Feb, 2024 09:45am

Financial

IMF urges BOJ to end bond yield control, huge asset buying

TOKYO: The Bank of Japan should consider ending its yield curve control and massive asset purchases now, then...

Published 09 Feb, 2024 09:43am

Huawei raided in France on suspicion of improper conduct

PARIS: The French offices of Chinese telecoms giant Huawei were raided this week on suspicion of improper behaviour,...

Updated 09 Feb, 2024 09:43am

Business & Finance

KSA to hire Goldman, Citi, HSBC for Aramco share sale

RIYADH: Saudi Arabia is set to hire Citigroup Inc, Goldman Sachs Group Inc and HSBC Holdings Plc for a secondary...

Updated 09 Feb, 2024 09:42am

Israel bombs Rafah city as battlefront nears

GAZA STRIP: Israel’s armed forces stepped up air strikes on Gaza’s far-southern Rafah on Thursday as fears of...

Updated 09 Feb, 2024 09:42am

Stocks

Indian shares open lower dragged by financials

BENGALURU: Indian shares opened lower on Friday, dragged by financials and tracking Asian peers, after U.S. economic...

Published 09 Feb, 2024 09:32am

Forex

Yen near 10-week low, dollar buoyant as traders adjust rate bets

TOKYO: The yen wallowed near a 10-week low on Friday, while the dollar ground towards a fourth weekly advance as...

Published 09 Feb, 2024 09:30am

Saudi firm keen to invest in renewable energy sector

ISLAMABAD: Saudi company ACWA Power is reportedly ready to offer low tariff for solar project of 600 MWp subject to...

Updated 09 Feb, 2024 09:11am

Taxes

FBR computer network: Major attack aimed at data breach thwarted

ISLAMABAD: The Federal Board of Revenue (FBR) has averted a major attempt at data breach by timely stopping...

Updated 09 Feb, 2024 09:10am

World

US imposes sanctions for violations of Russia oil price cap

WASHINGTON: The US Treasury Department said on Thursday it had put sanctions on three entities based in the United...

Updated 09 Feb, 2024 09:10am

Pakistan

Punjab caretaker govt: Major ‘statistical discrepancy’ identified

ISLAMABAD: A statistical discrepancy of Rs231.352 billion was noted in the fiscal operation (or spending) of the...

Updated 09 Feb, 2024 09:10am

BR Research

Attock Petroleum robust!

Attock Petroleum Limited (PSX: APL) recently announced financial performance for its latest quarter with a whopping...

Published 09 Feb, 2024 08:26am

BR Research

Treet Corporation Limited

Treet Corporation Limited (PSX: TREET) was incorporated in Pakistan as a public listed company in 1977. The company...

Published 09 Feb, 2024 08:22am

Pakistan

Delay in election results: ROs fail to meet ECP’s 30-minute deadline

The Election Commission of Pakistan (ECP) directed all the provincial election commissioners and returning officers...

Updated 09 Feb, 2024 04:06am

Opinion

Immediate economic priorities for the incoming government

The new government that comes into office will have its work sharply cut out as far as the economic challenges are...