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May 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-08-22
Canadian canola futures drop

Canadian canola futures drop

ICE Canadian canola futures dipped on Wednesday to a nearly six-month low for a nearby contract, pressured by weakness in global vegetable oil markets. Malaysian palm oil fell to a five-year low and Chicago November soybeans slid on improving US yield pro
Published 22 Aug, 2014 12:00am
Juwar prices higher on grain market

Juwar prices higher on grain market

Juwar prices were higher on the wholesale grain market on Thursday in the process of modest trading, dealers said. On the cereals side, Juwar low type was higher by Rs 100 to Rs 2600 and the best variety was up by Rs 50 to Rs 2700, other commodities maint
Published 22 Aug, 2014 12:00am
Glencore makes good on pledge with $1 billion buyback

Glencore makes good on pledge with $1 billion buyback

Commodities group Glencore became the first of the large miners to honour promises to return cash to shareholders, announcing a share buyback programme of up to $1 billion as it reported forecast-beating first-half profit. Diversified mining companies hav
Published 22 Aug, 2014 12:00am
Glencore makes good on pledge with $1 billion buyback

Glencore makes good on pledge with $1 billion buyback

Commodities group Glencore became the first of the large miners to honour promises to return cash to shareholders, announcing a share buyback programme of up to $1 billion as it reported forecast-beating first-half profit. Diversified mining companies hav
Published 22 Aug, 2014 12:00am
Finnish government to push through pension reform

Finnish government to push through pension reform

Finland's five-party government is adamant it will push through a 2 billion euro ($2.65 billion) long-term pension reform even if trade unions and employers are unable to agree on the details, a minister said on Thursday. The government last year put forw
Published 22 Aug, 2014 12:00am
Mexico's economy picks up steam in second quarter

Mexico's economy picks up steam in second quarter

Mexican economic growth was stronger than expected in the second quarter as industrial activity and domestic demand perked up, signalling a recovery in Latin America's No 2 economy is gathering pace. Gross domestic product grew 1.04 percent in the second
Published 22 Aug, 2014 12:00am
Southeast Asia economic integration could worsen inequality: study

Southeast Asia economic integration could worsen inequality: study

A plan by Southeast Asian countries to establish a European Union-inspired single market next year could worsen inequality and is likely to benefit men more than women, a new study warned Wednesday. The Association of Southeast Asian Nations (ASEAN) has s
Published 22 Aug, 2014 12:00am
Sanctions snap at profits of Russian state bank VTB

Sanctions snap at profits of Russian state bank VTB

Russia's state-owned VTB bank said Thursday it was ready to resist Western sanctions imposed on it over Ukraine after its second-quarter profits took a knock. The number two Russian bank said its net profit plunged by over four-fifths from the figure for
Published 22 Aug, 2014 12:00am
Sanctions snap at profits of Russian state bank VTB

Sanctions snap at profits of Russian state bank VTB

Russia's state-owned VTB bank said Thursday it was ready to resist Western sanctions imposed on it over Ukraine after its second-quarter profits took a knock. The number two Russian bank said its net profit plunged by over four-fifths from the figure for
Published 22 Aug, 2014 12:00am
Delayed Brazil jobless data to be issued close to election

Delayed Brazil jobless data to be issued close to election

Brazil's unemployment rate for May through August will not be public until days before a hotly contested presidential election, after a strike disrupted the collection of jobless data, government's statistics agency IBGE said on Thursday. The IBGE, which
Published 22 Aug, 2014 12:00am
Dutch retailer Ahold reports profit drop

Dutch retailer Ahold reports profit drop

Dutch retail giant Ahold on Thursday posted second-quarter profits down almost 29 percent at 147 million euros ($195 million), hit by unfavourable exchange rates and despite a jump in online sales. Profits for the same period last year were 206 million eu
Published 22 Aug, 2014 12:00am
Dutch retailer Ahold reports profit drop

Dutch retailer Ahold reports profit drop

Dutch retail giant Ahold on Thursday posted second-quarter profits down almost 29 percent at 147 million euros ($195 million), hit by unfavourable exchange rates and despite a jump in online sales. Profits for the same period last year were 206 million eu
Published 22 Aug, 2014 12:00am
Newcomer Lithuania to get first euros from Germany

Newcomer Lithuania to get first euros from Germany

Lithuania will receive its first euro banknotes from Germany when the Baltic state becomes the 19th member of the eurozone on January 1, the central bank said on Thursday. The Bundesbank will lend the eurozone newcomer 132 million individual banknotes fro
Published 22 Aug, 2014 12:00am
Family Dollar rejects Dollar General bid

Family Dollar rejects Dollar General bid

Discount chain Family Dollar rejected a $9.7 billion takeover bid by larger rival Dollar General Thursday, saying the tie-up could run afoul of US anti-monopoly rules. Dollar General launched a bidding war Monday for Family Dollar Stores, trumping a $9.2
Published 22 Aug, 2014 12:00am
Saudi Arabia proposes 10 percent foreign ownership cap for bourse

Saudi Arabia proposes 10 percent foreign ownership cap for bourse

Saudi Arabia's stock market regulator proposed rules on Thursday for opening the $580 billion market to direct investment by foreign institutions, including a 10 percent cap on foreign ownership of the market's value. Among other draft rules, a single for
Published 22 Aug, 2014 12:00am
India flags rosier economy, vows to tighten up on banks

India flags rosier economy, vows to tighten up on banks

Indian government officials painted an upbeat picture for the economy on Thursday as it struggles to emerge from the longest spell of sub-par growth in decades and promised to tighten up risk management at the country's dominant state banks. Finance Secre
Published 22 Aug, 2014 12:00am
US housing, jobs data bolster economic outlook

US housing, jobs data bolster economic outlook

US home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signalling strength in the economy early in the third quarter. The growth outlook was further buoyed by other reports o
Published 22 Aug, 2014 12:00am
Microsoft to unveil new Windows software: report

Microsoft to unveil new Windows software: report

A news report out Thursday indicated that Microsoft is poised to give the world a glimpse at a new-generation computer operating system that will succeed Windows 8. The US software titan could hold an event as early as the end of September to provide a lo
Published 22 Aug, 2014 12:00am
US regulators step up warnings to banks for poor risk-spotting

US regulators step up warnings to banks for poor risk-spotting

US regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, according to two sources familiar with the matter. The firm
Published 22 Aug, 2014 12:00am
China's economy fears deepen as August HSBC flash PMI at three-month low

China's economy fears deepen as August HSBC flash PMI at three-month low

Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday, heightening concerns about increasing softness in the economy. The tepid reading came as China
Published 22 Aug, 2014 12:00am
Russia targets McDonald's in expanding East-West trade war

Russia targets McDonald's in expanding East-West trade war

Russian authorities launched nationwide inspections of McDonald's restaurants Thursday after shutting three wildly-popular Moscow locations on apparent government orders aimed at striking back against biting Western sanctions. It was the latest and arguab
Published 22 Aug, 2014 12:00am
UK retail sales growth falls to 8-month low

UK retail sales growth falls to 8-month low

British retail sales grew in July at the slowest annual rate since November of last year, while the government failed to make much of an inroad into public borrowing, data showed on Thursday. The figures add to signs that Britain's consumer-led recovery m
Published 22 Aug, 2014 12:00am
Business growth slows in China and Europe, but faster in US

Business growth slows in China and Europe, but faster in US

Business growth in China and across Europe slowed this month, surveys showed on Thursday, but US activity picked up speed, leaving a mixed picture of global economic growth. "If you take all these things together we are clearly looking at a global economy
Published 22 Aug, 2014 12:00am
Qatar's bourse hits record high

Qatar's bourse hits record high

Qatar's bourse hit a record closing high on Thursday ahead of MSCI raising the weights of three Doha-listed firms in its emerging market index. Other Gulf exchanges were also upbeat as investors shrugged off a renewed drop in oil prices. The main Qatari i
Published 22 Aug, 2014 12:00am
Tokyo stocks up

Tokyo stocks up

Tokyo stocks rose 0.85 percent on Thursday after the dollar jumped against the yen on speculation that the US central bank may raise interest rates earlier than expected. The Nikkei 225 index was up 131.75 points to 15,586.20, notching up a ninth straight
Published 22 Aug, 2014 12:00am
Thursday's midday trade: S&P reaches record high

Thursday's midday trade: S&P reaches record high

US stocks inched higher on Thursday and the S&P reached a record high, lifted by data pointing to steady improvement in the economy, as investors awaited the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming. Policymakers a
Published 22 Aug, 2014 12:00am
Dow, S&P rise after Fed minutes reassure on rates

Dow, S&P rise after Fed minutes reassure on rates

US stocks ended mostly higher on Wednesday, with the S&P 500 just missing a record close, after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise interest rates. The minutes were
Published 22 Aug, 2014 12:00am
Treasury yields climb

Treasury yields climb

US Treasury yields rose to one-week highs on Wednesday after minutes of the latest Federal Reserve meeting said the central bank was surprised at the US labour market's quick progress, suggesting a rate increase would come sooner rather than later. Yields
Published 22 Aug, 2014 12:00am
Treasury yields climb

Treasury yields climb

US Treasury yields rose to one-week highs on Wednesday after minutes of the latest Federal Reserve meeting said the central bank was surprised at the US labour market's quick progress, suggesting a rate increase would come sooner rather than later. Yields
Published 22 Aug, 2014 12:00am
Hong Kong, China stocks stay lower

Hong Kong, China stocks stay lower

Hong Kong stocks closed 0.66 percent lower on Thursday after downbeat Chinese manufacturing data indicated a recovery in the world's second-largest economy has yet to fully take hold. The Hang Seng Index dropped 165.66 points to 24,994.1 on turnover of HK
Published 22 Aug, 2014 12:00am
Indian shares up; foreign investors continue to buy

Indian shares up; foreign investors continue to buy

Indian shares edged higher on Thursday, gaining for seven out of eight previous sessions, as persistent buying by foreign investors continued to bolster bluechips such as State Bank of India. The broader NSE index has hit record highs in each of the previ
Published 22 Aug, 2014 12:00am
German data helps Europe shares extend two-week rally

German data helps Europe shares extend two-week rally

European stocks ended higher on Thursday, extending their sharp two-week rebound after better-than-expected German private sector growth figures which reassured investors about the outlook for Europe's biggest economy following a soft patch. The FTSEurofi
Published 22 Aug, 2014 12:00am
Australian shares at fresh six-year high

Australian shares at fresh six-year high

Australian shares added 0.1 percent to close at a fresh six-year high, though a disappointing survey on Chinese manufacturing took much of the shine off a handful of strong earnings reports and Wall Street's upbeat performance. The S&P/ASX 200 index added
Published 22 Aug, 2014 12:00am
Southeast Asian markets: Thai shares hit 14-month high

Southeast Asian markets: Thai shares hit 14-month high

Thai shares scaled 14-month highs on Thursday after military leader General Prayuth Chan-ocha was appointed prime minister, while Indonesian stocks fell amid caution ahead of a court ruling on last month's presidential election. Bangkok's key SET index wa
Published 22 Aug, 2014 12:00am
Healthcare stocks lift FTSE

Healthcare stocks lift FTSE

Britain's top equity index rose on Thursday on gains in healthcare stocks, led by AstraZeneca on speculation rejected US suitor Pfizer might make another bid. AstraZeneca rose 3 percent while domestic rival GlaxoSmithKline advanced 1.2 percent, adding the
Published 22 Aug, 2014 12:00am
Yuan down

Yuan down

China's yuan snapped a six-day gaining streak on Thursday after the central bank set a weaker midpoint and on further signs that recovery of the world's second-largest economy remains patchy. The spot yuan dropped to the lowest level in a week near midday
Published 22 Aug, 2014 12:00am
Dollar surges in Asia

Dollar surges in Asia

The US dollar traded at 11-month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish. The Australian dollar extended its losses after a
Published 22 Aug, 2014 12:00am
Euro recovers, crown rallies in London

Euro recovers, crown rallies in London

The euro recovered from a 11-month low against the dollar on Thursday after better-than-expected German private sector growth data, although gains were limited given the numbers did little to alter expectations of more monetary stimulus. Amongst the bigge
Published 22 Aug, 2014 12:00am
Early trade in New York: Dollar holds recent gains

Early trade in New York: Dollar holds recent gains

The dollar held onto healthy recent gains to trade little changed on Thursday as central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Federal Reserve Chair Janet Yellen. The dollar has climb
Published 22 Aug, 2014 12:00am
Dollar hits fresh multi-month highs

Dollar hits fresh multi-month highs

The US dollar hit fresh multi-month highs against a basket of major currencies on Wednesday after minutes from the Federal Reserve's July policy meeting signalled the potential for an earlier-than-expected hike in interest rates. The Fed has been surprise
Published 22 Aug, 2014 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.43-77.44 (previous 77.43-77.44). Call Money Rates: 05.50-07.00 percent (* previous 05.40-07.00 percent). (* revised).
Published 22 Aug, 2014 12:00am
Indian rupee snaps three-day gains

Indian rupee snaps three-day gains

The Indian rupee weakened slightly on Thursday, snapping a three-day rising streak, as the dollar rallied broadly after minutes from the Federal Reserve July meeting suggested potentially earlier-than-expected rate hikes. However sentiment remains broadly
Published 22 Aug, 2014 12:00am
Most emerging Asian currencies ease

Most emerging Asian currencies ease

Most emerging Asian currencies eased on Thursday after minutes of the US Federal Reserve's July meeting sounded slightly hawkish and a survey increased concerns about slowing of the Chinese economy. The Indonesian rupiah slipped ahead of the Constitutiona
Published 22 Aug, 2014 12:00am
Sterling steadies

Sterling steadies

Sterling steadied in afternoon trade in Europe on Thursday after a broad surge for the dollar overnight drove the British currency to its lowest in more than four months. The fall overnight had brought the pound's losses since mid-July to more than 6 cent
Published 22 Aug, 2014 12:00am
Aussie, New Zealand dollar slip

Aussie, New Zealand dollar slip

The New Zealand dollar fell to its lowest in more than five months and the Australian dollar shed half a US cent on Thursday, following a soft survey reading of China's manufacturing activity and a hawkish-sounding Federal Reserve. The kiwi was at $0.8352
Published 22 Aug, 2014 12:00am
Balotelli set for Liverpool switch

Balotelli set for Liverpool switch

Mario Balotelli was set for a shock move to Liverpool Thursday as AC Milan acknowledged that the controversial Italy striker was on his way out. The Milanese club have agreed to let the 24-year-old move to Anfield in a transfer worth 20 million euros (16
Published 22 Aug, 2014 12:00am
Barca need Messi, Neymar, Suarez to mask defensive deficiencies

Barca need Messi, Neymar, Suarez to mask defensive deficiencies

After a year of political turmoil in the board and court rooms and disappointment on the pitch, Barcelona have not taken a first trophyless season in six years lying down. Facing two transfer window signing bans, a summer of revolution in the Catalan capi
Published 22 Aug, 2014 12:00am
Pollard, Ramdin rescue troubled West Indies

Pollard, Ramdin rescue troubled West Indies

Kieron Pollard and Denesh Ramdin saved the West Indies from a humiliating defeat and engineered a three-wicket victory over Bangladesh in the first one-day international at the National Stadium in Grenada on Wednesday. Reeling at 34 for five in reply to t
Published 22 Aug, 2014 12:00am
Banned Aamir to star in Pakistani film

Banned Aamir to star in Pakistani film

Pakistani fast bowler Mohammad Aamer is set to make his big-screen debut, he told AFP Thursday, as he struggles to make ends meet while serving a ban for spot-fixing. Left-arm quick Aamer was rated one of the best young talents in world cricket until his
Published 22 Aug, 2014 12:00am
Mendy, Chopra star picks in India league draft

Mendy, Chopra star picks in India league draft

Former French defender Bernard Mendy emerged the top attraction at Thursday's draft for the troubled new franchised-based Indian Super League set to kick off in October. The ex-Paris Saint-Germain star will be paid $80,000 per season to play for last-minu
Published 22 Aug, 2014 12:00am
Hodgson urges English talent to consider moving abroad

Hodgson urges English talent to consider moving abroad

England manager Roy Hodgson has urged the country's rising stars to consider spending some of their career abroad in a bid to gain the experience that will make them successful at international level. This week saw Chelsea's Josh McEachran agree a season-
Published 22 Aug, 2014 12:00am
Djokovic could face Murray in US Open quarter-finals

Djokovic could face Murray in US Open quarter-finals

Former champions Novak Djokovic and Andy Murray face a potential tough US Open quarter-final after the draw made Thursday for the final Grand Slam of 2014. World number one Djokovic, who won the title at Flushing Meadows in 2011, is the top seed in the to
Published 22 Aug, 2014 12:00am
Injured Isner pulls out of Winston-Salem

Injured Isner pulls out of Winston-Salem

Two-time champion John Isner withdrew from the US Open tune-up event at Winston-Salem on Thursday with a left ankle injury. The American was due to play Lukas Rosol in the quarter-finals on Thursday, but pulled out with the injury suffered in his win over
Published 22 Aug, 2014 12:00am
Moody quits Palace after Tan file sparks FA probe

Moody quits Palace after Tan file sparks FA probe

Iain Moody resigned as sporting director of Premier League side Crystal Palace on Thursday after a file alleging misconduct during his time with Cardiff was sent by the Welsh club to the Football Association. According to a report in Britain's Daily Mail,
Published 22 Aug, 2014 12:00am
De Kock leads South Africa to series sweep

De Kock leads South Africa to series sweep

Quinton de Kock's quickfire 84 lead South Africa to a crushing 3-0 series victory over Zimbabwe as they won the third one-day international by seven wickets on Thursday. De Kock wasted little time in his 75-ball innings and was aided by 40 off 33 balls by
Published 22 Aug, 2014 12:00am
Militants, weapons transit Gaza tunnels despite Egyptian crackdown

Militants, weapons transit Gaza tunnels despite Egyptian crackdown

A third of the houses on the main street of this Bedouin town near Egypt's border with Gaza look derelict, but inside they buzz with the activity of tunnel smugglers scrambling to survive a security crackdown by the Egyptian army. Smugglers and tunnel own
Published 22 Aug, 2014 12:00am
Iran links Iraq role to lifting of Western sanctions

Iran links Iraq role to lifting of Western sanctions

Iran is ready to join international action against jihadists in Iraq provided the West lifts crippling sanctions, Foreign Minister Mohammad Javad Zarif said on Thursday. His comments followed a call by French Foreign Minister Laurent Fabius on Wednesday f
Published 22 Aug, 2014 12:00am
Tunisian fishermen rescue 74 migrants drifting at sea

Tunisian fishermen rescue 74 migrants drifting at sea

Tunisian fishermen rescued 74 migrants Thursday who had drifted for five days after leaving Libya aboard an inflatable boat in an attempt to reach Italy, an official said. The migrants, mainly from Bangladesh, Ghana, Liberia, Nigeria and Togo, had set off
Published 22 Aug, 2014 12:00am
Former Irish premier Reynolds, peace negotiator, dies

Former Irish premier Reynolds, peace negotiator, dies

Former Irish prime minister Albert Reynolds, a central figure in the Northern Ireland peace process who helped broker the 1994 IRA ceasefire, has died aged 81, current premier Enda Kenny said Thursday. Reynolds served twice as taoiseach, or prime minister
Published 22 Aug, 2014 12:00am
British Muslims blame jihadi subculture after beheading video

British Muslims blame jihadi subculture after beheading video

A British Muslim leader called on Thursday for action to tackle a jihadi sub-culture after an Islamic State video showed a suspected Briton beheading US journalist James Foley held hostage in Syria. In Washington, Attorney General Eric Holder said the US
Published 22 Aug, 2014 12:00am
Women venture capitalists underperform men, say Harvard academics

Women venture capitalists underperform men, say Harvard academics

Women venture capitalists underperform their male counterparts by some 15 percent, according to a new Harvard University study, but the performance differences have narrowed over time and in firms that employ more than a single female venture partner.
Published 22 Aug, 2014 12:00am
Bangladesh charges 13 over deadly 2001 attack

Bangladesh charges 13 over deadly 2001 attack

A Bangladesh court on Thursday charged 13 Islamists with murder over a 2001 bomb blast at a political rally in Dhaka that left five people dead. A judge ruled the head of the Harkat ul Jihad al Islami (HuJI) outfit, and four other members of the banned gr
Published 22 Aug, 2014 12:00am
South Africa parliament collapses in chaos as president grilled

South Africa parliament collapses in chaos as president grilled

South Africa's parliament collapsed into unprecedented chaos Thursday as a group of radical lawmakers hijacked presidential question time, standing and yelling repeatedly at President Jacob Zuma: "Pay back the money". Members of the Economic Freedom Fight
Published 22 Aug, 2014 12:00am
US EPA makes strides in air toxics but work remains in cities

US EPA makes strides in air toxics but work remains in cities

The United States has made progress in reducing dangerous air pollution since 1990 but work remains to reduce risks for the country's most overburdened urban areas, the US Environmental Protection Agency's top official said on Thursday. The EPA released t
Published 22 Aug, 2014 12:00am
China and Mongolia target $10 billion trade by 2020

China and Mongolia target $10 billion trade by 2020

China and Mongolia set out plans to almost double trade to $10 billion by 2020 as Chinese President Xi Jinping began a two-day visit to the neighbouring state, Xinhua reported Thursday. Xi and his Mongolian counterpart, Tsakhiagiin Elbegdorj, signed a joi
Published 22 Aug, 2014 12:00am
Davutoglu to be new Turkish Prime Minister: Erdogan

Davutoglu to be new Turkish Prime Minister: Erdogan

Turkey's ruling party on Thursday chose Foreign Minister Ahmet Davutoglu to be the new prime minister and party leader to replace Recep Tayyip Erdogan when he takes the presidency on August 28, Erdogan announced. Davutoglu's nomination will rubber-stamped
Published 22 Aug, 2014 12:00am
Syria war toll over 180,000: NGO

Syria war toll over 180,000: NGO

More than 180,000 people have been killed in Syria since the conflict broke out in March 2011, the Syrian Observatory for Human Rights said in a new toll published Thursday. The Britain-based monitoring group, which relies on a network of sources on the g
Published 22 Aug, 2014 12:00am
First Malaysian bodies from MH17 crash fly home

First Malaysian bodies from MH17 crash fly home

A plane carrying the bodies of 20 Malaysian victims of flight MH17, which crashed in Ukraine in July, took off from Amsterdam for Kuala Lumpur on Thursday, Dutch media reported. There was no ceremony for the departure from Schiphol airport, local news age
Published 22 Aug, 2014 12:00am
Justice elusive for Syria chemical attack victims: HRW

Justice elusive for Syria chemical attack victims: HRW

Human Rights Watch Thursday said that hundreds of victims of a chemical weapons attack in Syria remained without justice one year on, days after Damascus's stockpile was completely destroyed. The report came as a monitor said Syria's three-year war has no
Published 22 Aug, 2014 12:00am
Argentina rules out another devaluation of peso

Argentina rules out another devaluation of peso

The Argentine government on Thursday ruled out a second sharp devaluation of the peso this year, rebuffing calls for a weaker currency from employers who say runaway inflation is hurting trade competitiveness. President Cristina Fernandez's government imp
Published 22 Aug, 2014 12:00am
US judge calls Argentina debt row hearing amid contempt calls

US judge calls Argentina debt row hearing amid contempt calls

The US judge who barred Argentina from servicing its debt until it settled with investors demanding full payment on their bonds scheduled a new hearing on Thursday, after the country unveiled plans to side-step his ruling that led it to default for the se
Published 22 Aug, 2014 12:00am
US judge calls Argentina debt row hearing amid contempt calls

US judge calls Argentina debt row hearing amid contempt calls

The US judge who barred Argentina from servicing its debt until it settled with investors demanding full payment on their bonds scheduled a new hearing on Thursday, after the country unveiled plans to side-step his ruling that led it to default for the se
Published 22 Aug, 2014 12:00am
Global warming 'hiatus' means heat is hiding in ocean

Global warming 'hiatus' means heat is hiding in ocean

An apparent slowdown in the Earth's surface warming in the last 15 years could be due to that heat being trapped in the deep Atlantic and Southern Ocean, researchers said Thursday. The findings in the journal Science suggest that such cycles tend to last
Published 22 Aug, 2014 12:00am
Two American Ebola patients leave hospital

Two American Ebola patients leave hospital

Two American missionaries who were sickened with Ebola while working in Liberia and were treated with an experimental drug are doing better and have left the hospital, doctors said Thursday. Doctor Kent Brantly, 33, and Nancy Writebol, 60, both Christian
Published 22 Aug, 2014 12:00am
US reporter expelled from Afghanistan

US reporter expelled from Afghanistan

Afghanistan expelled a New York Times reporter on Thursday, accusing him of links to spy agencies in a furious response to a story he wrote saying government ministers and officials were threatening to seize power. The attorney general said Matthew Rosenb
Published 22 Aug, 2014 12:00am
Governor stands down National Guard in US riot town

Governor stands down National Guard in US riot town

The governor of the US state of Missouri on Thursday ordered National Guard troops to withdraw from a town gripped by nearly two weeks of protests over a police shooting. Governor Jay Nixon said the soldiers were no longer needed and that state police wou
Published 22 Aug, 2014 12:00am
Rescuers comb through devastation of Japan landslide

Rescuers comb through devastation of Japan landslide

Thousands of rescuers combed through the wreckage of homes engulfed by landslides in western Japan on Thursday in the slim hope of finding survivors, a day after a wall of mud claimed at least 39 lives. Police officers, fire-fighters and soldiers worked t
Published 22 Aug, 2014 12:00am
Ukraine president pledges to 'talk peace' with Putin

Ukraine president pledges to 'talk peace' with Putin

Ukraine's president said he will "talk peace" with his Russian counterpart Vladimir Putin by demanding the withdrawal of pro-Kremlin militants from the war-torn east when they meet next week for the first time in months. President Petro Poroshenko said on
Published 22 Aug, 2014 12:00am
Somali child soldiers 'punished' in foreign-funded camps: UN

Somali child soldiers 'punished' in foreign-funded camps: UN

Former child soldiers in war-torn Somalia are being held in prison conditions in foreign-funded camps, "punishing" rather than rehabilitating them, the top UN children's envoy said Thursday. Leila Zerrougui, UN envoy for children and armed conflict, said
Published 22 Aug, 2014 12:00am
Hitchhiking robot reaches journey's end in Canada

Hitchhiking robot reaches journey's end in Canada

A chatty robot with an LED-lit smiley face sent hitchhiking across Canada this summer as part of a social experiment reached its final destination Thursday after several thousand kilometers on the road. HitchBot, assembled from household odds and ends by
Published 22 Aug, 2014 12:00am
New delay for launch of Europe navigation satellites

New delay for launch of Europe navigation satellites

Bad weather delayed the lift-off Thursday of a rocket with two new satellites for Europe's rival to GPS, launch firm Arianespace said as it announced 12 orbiters will join the constellation from next year. The lift-off of the fifth and sixth Galileo satel
Published 22 Aug, 2014 12:00am
SU announces admission policy

SU announces admission policy

Sindh University (SU) Director Admissions has announced the admissions to Bachelor's & Master's Degree programs for the academic batch 2015 in all the 58 departments. The admission forms will be issued from September 2 to September 19, 2014 for admissions
Published 22 Aug, 2014 12:00am
RAC selects MUET proposal

RAC selects MUET proposal

Another breakthrough MUET has achieved: That the Research Advisory Committee (RAC) has selected our proposal at the PSSP Fourth Research Competitive Grants Conference on "Sustainable Energy System: an Integrated Model and Decision Aid Framework For Electr
Published 22 Aug, 2014 12:00am
All Pakistan Solvent Extractor's Association members meet TDAP chief

All Pakistan Solvent Extractor's Association members meet TDAP chief

Shaikh Fazal Ahmed, Vice Chairman of All Pakistan Solvent Extractor's Association, along with other office bearers of the association held a meeting with S. M. Muneer, Chief Executive of TDAP, to discuss issues faced by the exporters in the field. Initial
Published 22 Aug, 2014 12:00am
US helping Pakistani students learn valuable language skills: CG

US helping Pakistani students learn valuable language skills: CG

US Consul General Brian Heath has said that about 95,000 students in more than 85 countries have so far participated in the US-funded English Access Program. He said this while speaking at the closing ceremony of a two-year US government-funded English Ac
Published 22 Aug, 2014 12:00am
USF launches broadband project in Sindh

USF launches broadband project in Sindh

The Universal Service Fund (USF) has launched Broadband Southern Telecom Region-V Project in the Sindh province, said an official of Ministry of Information Technology and Telecommunication. Talking to APP on Thursday, he said this project aims at providi
Published 22 Aug, 2014 12:00am
Inquiry ordered against three food inspectors

Inquiry ordered against three food inspectors

Sindh Minister for Food Jam Mehtab Hussain Dahar while taking notice of corruption of more than 40 million rupees in district Jacobabad during 2011-12, has ordered to launch departmental inquiry against three food inspectors. According to details, three f
Published 22 Aug, 2014 12:00am
IGP for formation of Ulema's peace committees

IGP for formation of Ulema's peace committees

IG Police Sindh Ghulam Haider Jamali directed the police officials to constitute peace committees comprising religious scholars from all schools of thought at Police Range and district levels so that Ulema can play their role in maintaining law and order
Published 22 Aug, 2014 12:00am
Input tax claim: KTBA resents bar imposed through web portal

Input tax claim: KTBA resents bar imposed through web portal

Karachi Tax Bar Association (KTBA) has expressed resentment over the bar imposed on newly-uploaded sales tax returns for claiming input tax on purchases during preceding six months. In a letter sent to the chairman FBR, KTBA cited registered persons, who
Published 22 Aug, 2014 12:00am
Transfers, postings of Sindh government officials

Transfers, postings of Sindh government officials

Government of Sindh, Services, General Administration and Co-ordination Department has transferred and posted officers with immediate effect and until further orders. Muhammad Usman Tanveer, PAS (BS-17) Assistant Commissioner (UT) Thatta has been transfer
Published 22 Aug, 2014 12:00am
CS orders quick disposal of public complaints

CS orders quick disposal of public complaints

Sindh Chief Secretary, Sajjad Saleem Hotiana asked the Administrative Secretaries to ensure quick disposal of public complaints to provide them with relief and facilitation at the earliest. He issued such directives on Thursday while dealing with complain
Published 22 Aug, 2014 12:00am
SU student to attend 8th Asian Science Camp in Singapore

SU student to attend 8th Asian Science Camp in Singapore

A final year student of B.S Physics University of Sindh (SU) Jamshoro Sarah Ahmed Soomro among eight other Pakistani students has been selected to represent the country in the 8th Asian Science Camp (ASC) with Nobel Laureates and eminent Scientists, Singa
Published 22 Aug, 2014 12:00am
Reap accuses government of neglecting R&D sector

Reap accuses government of neglecting R&D sector

Rice Exporters Association of Pakistan (REAP) on Thursday said that the production and exports of rice decreased significantly in the last two years due to the government's act of neglecting research and development (R&D) sector. Speaking at a luncheon ce
Published 22 Aug, 2014 12:00am
SPSC announces results

SPSC announces results

The Sindh Public Service Commission Hyderabad interviewed the eligible candidates for the post of Deputy Director (Fisheries) (BPS-18) in Livestock & Fisheries Department and declared Abdul Jabar Memon and Faiz Muhammad Jakhrani as successful while Gul Ba
Published 22 Aug, 2014 12:00am
Consumers choice award distribution ceremony on August 27

Consumers choice award distribution ceremony on August 27

Consumers choice award distribution ceremony will be held on 27th August under the auspices of Consumers Association of Pakistan, at a local hotel. Governor Punjab Chaudhry Muhammad Sarwar will be the chief guest whereas Rauf Siddiqui Provincial Minister
Published 22 Aug, 2014 12:00am
Two killed in separate incidents of violence

Two killed in separate incidents of violence

At least two people were killed in separate incidents of violence and a body was found here on Thursday. According to police and rescue sources, Inayat (55) son of Shakrullah was shot and killed by unknown persons inside a marble shop located in the juris
Published 22 Aug, 2014 12:00am
Forex reserves slip below $14 billion

Forex reserves slip below $14 billion

Following debt payments, the country's liquid foreign exchange reserves slipped below $14 billion at the end of last week. According to State Bank of Pakistan's (SBP) weekly report issued on Thursday, the country's total liquid forex reserves stood at $13
Published 22 Aug, 2014 12:00am
Leading businessmen form new panel

Leading businessmen form new panel

Leading businessmen of the country on Thursday formed a new group called "United Businessmen Panel". It would be headed by Federation of Pakistan Chamber of Commerce and Industry's (FPCCI) former president Iftikhar Ali Malik. It was announced during a mee
Published 22 Aug, 2014 12:00am
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