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May 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-10-06
Index closes above 30,000-level

Index closes above 30,000-level

Karachi share market rebounded during the last week, ending on October 3, led foreign investors'' interest in selected stocks and the benchmark KSE-100 index closed above 30,000-level. The KSE-100 index gained 398 points (WoW) to close at 30,103 points at
Published 06 Oct, 2014 12:00am
Index closes above 30,000-level

Index closes above 30,000-level

Karachi share market rebounded during the last week, ending on October 3, led foreign investors' interest in selected stocks and the benchmark KSE-100 index closed above 30,000-level. The KSE-100 index gained 398 points (WoW) to close at 30,103 points at
Published 06 Oct, 2014 12:00am
Index closes above 30,000-level

Index closes above 30,000-level

Karachi share market rebounded during the last week, ending on October 3, led foreign investors' interest in selected stocks and the benchmark KSE-100 index closed above 30,000-level. The KSE-100 index gained 398 points (WoW) to close at 30,103 points at
Published 06 Oct, 2014 12:00am
IPPs accused of making windfall profit

IPPs accused of making windfall profit

Independent Power Producers (IPPs) have been accused of making a windfall profit due to which the government is compelled to extend subsidy and consumers are paying high tariff, well informed sources told Business Recorder.
Published 06 Oct, 2014 12:00am
IPPs accused of making windfall profit

IPPs accused of making windfall profit

Independent Power Producers (IPPs) have been accused of making a windfall profit due to which the government is compelled to extend subsidy and consumers are paying high tariff, well informed sources told Business Recorder.
Published 06 Oct, 2014 12:00am
IPPs accused of making windfall profit

IPPs accused of making windfall profit

Independent Power Producers (IPPs) have been accused of making a windfall profit due to which the government is compelled to extend subsidy and consumers are paying high tariff, well informed sources told Business Recorder.
Published 06 Oct, 2014 12:00am
High-risk cases: FBR decides to penalise ''stop-filers'' of returns

High-risk cases: FBR decides to penalise ''stop-filers'' of returns

The Federal Board of Revenue (FBR) has decided to penalise stop-filers of income tax returns and sales tax returns in high-risk cases where units have declared high turnover/income, but stopped filing returns in 2014-15. Sources told Business Recorder
Published 06 Oct, 2014 12:00am
High-risk cases: FBR decides to penalise 'stop-filers' of returns

High-risk cases: FBR decides to penalise 'stop-filers' of returns

The Federal Board of Revenue (FBR) has decided to penalise stop-filers of income tax returns and sales tax returns in high-risk cases where units have declared high turnover/income, but stopped filing returns in 2014-15. Sources told Business Recorder
Published 06 Oct, 2014 12:00am
High-risk cases: FBR decides to penalise 'stop-filers' of returns

High-risk cases: FBR decides to penalise 'stop-filers' of returns

The Federal Board of Revenue (FBR) has decided to penalise stop-filers of income tax returns and sales tax returns in high-risk cases where units have declared high turnover/income, but stopped filing returns in 2014-15. Sources told Business Recorder
Published 06 Oct, 2014 12:00am
Kurds battle for key Syria town, woman suicide bomber hits IS

Kurds battle for key Syria town, woman suicide bomber hits IS

Kurdish fighters backed by US-led air strikes battled the Islamic State group for a key Syrian town Sunday, with one woman defender blowing herself up using the jihadists' own tactic. IS fighters seized part of a strategic hill overlooking the town of Kob
Published 06 Oct, 2014 12:00am
Kurds battle for key Syria town, woman suicide bomber hits IS

Kurds battle for key Syria town, woman suicide bomber hits IS

Kurdish fighters backed by US-led air strikes battled the Islamic State group for a key Syrian town Sunday, with one woman defender blowing herself up using the jihadists' own tactic. IS fighters seized part of a strategic hill overlooking the town of Kob
Published 06 Oct, 2014 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

Divergent trend seen on the currency market during the week, ended on 4 October, 2014. In the interbank market, the rupee recovered 12 paisa against the dollar for buying at Rs 102.52 and it also gained 11 paisa for selling at Rs 102.55, respectively. The
Published 06 Oct, 2014 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

Divergent trend seen on the currency market during the week, ended on 4 October, 2014. In the interbank market, the rupee recovered 12 paisa against the dollar for buying at Rs 102.52 and it also gained 11 paisa for selling at Rs 102.55, respectively. The
Published 06 Oct, 2014 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Monday (October 6) and tomorrow, Tuesday (October 7), on account of Eid-ul-Azha. There will, therefore, be no issue of the newspaper on Tuesday and Wednesday (October 7 & 8).
Published 06 Oct, 2014 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Monday (October 6) and tomorrow, Tuesday (October 7), on account of Eid-ul-Azha. There will, therefore, be no issue of the newspaper on Tuesday and Wednesday (October 7 & 8).
Published 06 Oct, 2014 12:00am
Eid-ul-Azha today

Eid-ul-Azha today

The nation will celebrate Eid-ul-Azha with great religious fervour and enthusiasm on Monday (today) to commemorate the supreme sacrifice of Hazrat Ibrahim (AS). The day will dawn with special prayers in mosques for the peace, progress and well-being of th
Published 06 Oct, 2014 12:00am
Eid-ul-Azha today

Eid-ul-Azha today

The nation will celebrate Eid-ul-Azha with great religious fervour and enthusiasm on Monday (today) to commemorate the supreme sacrifice of Hazrat Ibrahim (AS). The day will dawn with special prayers in mosques for the peace, progress and well-being of th
Published 06 Oct, 2014 12:00am
The Weather

The Weather

The weather report on Sunday (October 05, 2014) and the forecast for Monday (October 06, 2014).

Published 06 Oct, 2014 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (September 29 to October, 3 2014).

Published 06 Oct, 2014 12:00am
Special meal for over 48,000 jail inmates

Special meal for over 48,000 jail inmates

'Paratha with Halwa, chicken, qurma and chicken palau' will be served to over 48,000 jail inmates in breakfast, lunch and dinner in all 32 jails on the occasion of Eidul Azha across the province. Inspector General of Prisons Punjab Mian Farooq Nazeer told
Published 06 Oct, 2014 12:00am
President greets nation on Eidul Azha

President greets nation on Eidul Azha

President Mamnoon Hussain, while greeted the whole nation on Eidul Azha has called upon them to promote the spirit of sacrifice, affection tolerance, patience and brotherhood. In his message, the President conveyed his best wishes to the nation on the aus
Published 06 Oct, 2014 12:00am
Pak-German co-operation a role model: CG

Pak-German co-operation a role model: CG

Co-operation between Pakistan and Germany in various sectors a role model for other countries. This was said by Consul General of the Federal Republic of Germany Dr Tilo Klinner who hosted a reception here at his residence to celebrate the 13th anniversar
Published 06 Oct, 2014 12:00am
Zardari speaks to Chaudhrys to help end political impasse

Zardari speaks to Chaudhrys to help end political impasse

Pakistan Muslim League-Q (PML-Q) leaders Chaudhry Shujaat Hussain and Chaudhry Pervaiz Elahi on Sunday met former President and Co-chairman Pakistan People's Party Asif Ali Zardari at Bilawal House, here on Sunday. During the meeting, they discussed the p
Published 06 Oct, 2014 12:00am
AL-Shifa Trust appeals for hides donations

AL-Shifa Trust appeals for hides donations

Al-Shifa Trust has appealed to the public to donate hides of their sacrificial animals to the Trust According to a spokesman of Al-Shifa Trust, the citizens may participate in charity work of Al-Shifa Trust by giving hides/donations to Al-Shifa Trust as t
Published 06 Oct, 2014 12:00am
I never asked for PTI's presidency: Hashmi

I never asked for PTI's presidency: Hashmi

Pakistan Tehreek-e-Insaf's (PTI) former president Makhdoom Javed Hashmi said here on Sunday that he never demanded the presidency of the party. Speaking at a press conference at his residence in Multan, he claimed that PTI Chairman Imran Khan had congratu
Published 06 Oct, 2014 12:00am
Imran turns 62

Imran turns 62

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan turned 62 today (Sunday). With the dharna crossing 50 days, the spirit of Imran Khan's supporters remains undeterred as they sit with their families at Parliament House and will be celebrating his birthda
Published 06 Oct, 2014 12:00am
Police intercept Sheikh Rashid's Vehicle

Police intercept Sheikh Rashid's Vehicle

Capital police on Sunday intercepted Awami Muslim League's (AML) Chairman Sheikh Rashid's vehicle near Islamabad's Convention Centre. The AML chief's vehicle was intercepted by the police while he was on his way to D-Chowk, carrying some decorative items
Published 06 Oct, 2014 12:00am
PML-N pursuing policy of restraint: Abid Sher Ali

PML-N pursuing policy of restraint: Abid Sher Ali

Minister of State for Water and Power Abid Sher Ali has said that Pakistan Tehreek-i-Insaf's (PTI) Chairman Imran Khan's Bani Gala's residence electricity connection will be cut if he did not pay his bill till October 9. Pakistan Muslim League - Nawaz (PM
Published 06 Oct, 2014 12:00am
No compromise on Nawaz's resignation: Imran

No compromise on Nawaz's resignation: Imran

Pakistan Tahreek-e-Insaf Chief Imran Khan said that he would not compromise on Prime Minister Nawaz Sharif resignation as the ongoing sit-in is for the rights of the nation. Addressing the participants of sit-in here on Sunday, he said that he would not l
Published 06 Oct, 2014 12:00am
Faryal Talpur concerned over rise in polio cases

Faryal Talpur concerned over rise in polio cases

PPP Women's Wing President Faryal Talpur, MNA, has expressed concern over the increasing number of polio cases in Pakistan. In a statement issued here on Sunday, she said "Pakistan needs to focus on the eradication polio and ensure zero tolerance for any
Published 06 Oct, 2014 12:00am
PTI workers clash over Eid items distribution

PTI workers clash over Eid items distribution

Pakistan Tehreek-e-Insaf workers at the sit-in camp clashed with each others during the distribution of Eid-related items among them, here on Sunday. An activist was injured and fainted after they exchanged fists, kicks and batons. However, his condition
Published 06 Oct, 2014 12:00am
ANP leader recovered from Peshawar

ANP leader recovered from Peshawar

Central leader of Awami National Party (ANP) and Kasi clan chief Arbab Abdul Zahir Kasi, was recovered from Peshawar on Sunday morning. Some armed militants had kidnapped Kasi from Patel road area of Quetta on October 23 last year. ANP Balochistan Preside
Published 06 Oct, 2014 12:00am
Qadri decides to withdraw notice

Qadri decides to withdraw notice

Pakistan Awami Tehreek (PAT) Chief Dr Tahir-ul-Qadri has taken back a Rs 1 billion defamation legal notice that he had served on Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari. The legal notice was served by PAT's lawyer Ishtiaq Chaudhry. H
Published 06 Oct, 2014 12:00am
Human trafficking issue: FIA contacts UK Authorities

Human trafficking issue: FIA contacts UK Authorities

Federal Investigation Agency (FIA) has contacted UK authorities to probe into the case of Afghanistan nationals travelling to Britain from Pakistan on fake documents on Sunday. FIA has officially begun the investigations to probe the arrest of Afghan nati
Published 06 Oct, 2014 12:00am
IGP KP visits bordering areas of Charsadda, Peshawar

IGP KP visits bordering areas of Charsadda, Peshawar

The Inspector General of Police Khyber Pakhtunkhwa Nasir Khan Durrani visited the sensitive areas of Peshawar and Charsadda adjacent to the tribal area of Mohmand Agency on Sunday. During his visit the IGP visited the border check posts, Shabqadar bazaar
Published 06 Oct, 2014 12:00am
People need local govts

People need local govts

Apropos "LB polls: SC issues notices to AGs of Punjab, Sindh, KPK" carried by Business Recorder yesterday, it is heartening to note that Supreme Court has issued notices to Advocates General Punjab, Sindh and Khyber Pakhtunkhwa (KPK), directing the
Published 06 Oct, 2014 12:00am
Migrant workers struggle to get unpaid wages in Singapore

Migrant workers struggle to get unpaid wages in Singapore

Wealthy Singapore has a large foreign workforce, many in the construction and other manual sectors. It has set up Labour Courts to protect them from exploitation, but critics say with mixed success. Singapore (dpa) - Bao Da Liang was looking forward to a
Published 06 Oct, 2014 12:00am
Islamic State is new millstone for Obama's mid-term Democrats

Islamic State is new millstone for Obama's mid-term Democrats

The politics of fear and the murderous radicals of the Islamic State group are stalking Democrats on the mid-term elections trail, as they parry claims their president, Barack Obama, is weak and muddling. National security will not be the defining feature
Published 06 Oct, 2014 12:00am
An avoidable collapse

An avoidable collapse

After Justice Iftikhar Mohammad Chaudhry's departure from the Supreme Court (SC), we haven't seen the SC initiating any suo motu actions. While at times Justice Chaudhry's suo motu actions were faulted for interfering in the administration of the state, t
Published 06 Oct, 2014 12:00am
A matter of concern

A matter of concern

Pakistan has 'cautiously' (actually, reluctantly) welcomed the signing of Bilateral Security Agreement (BSA) by Afghanistan and the US, says a press report. Notably, the BSA includes a provision - based on October 2013 accord between former Afghan preside
Published 06 Oct, 2014 12:00am
Performance audit

Performance audit

According to a Business Recorder exclusive Ghulam Mustafa Jatoi, the Federal Minister for Industries and Production expressed serious concern at the performance of his staff, in the ministry and attached departments, and instructed them to submit t
Published 06 Oct, 2014 12:00am
Sounds of science: Japan leads push for high-res audio

Sounds of science: Japan leads push for high-res audio

A quarter of a century after the Walkman made music portable and turned Sony into a household name around the world, the company is hoping to set the agenda again with "high-res" audio. The Japanese tech giant, which recently warned it was expecting a $2.
Published 06 Oct, 2014 12:00am
Greece sees 2015 budget surplus close to bailout target

Greece sees 2015 budget surplus close to bailout target

Greece will aim to achieve a primary budget surplus of 2.9 percent of output next year, just shy of the 3 percent target set out under its bailout deal, its deputy finance minister said in an interview published Saturday. The target is part of a 2015 draf
Published 06 Oct, 2014 12:00am
Iran boosts steel output, exports

Iran boosts steel output, exports

Iran is increasing steel exports and courting foreign investors in an ambitious bid to quadruple steel output in a decade and replace at least a small part of the massive revenue it loses due to sanctions on its oil sales. A developing economy heavily rel
Published 06 Oct, 2014 12:00am
Serbia gets $300 million from World Bank to aid floods recovery

Serbia gets $300 million from World Bank to aid floods recovery

The World Bank has approved a $300 million 30-year loan to help Serbia recover from floods in May that killed 57 people and devastated its energy sector, the lender said in a statement on Saturday. The heaviest rainfall in living memory caused rivers to b
Published 06 Oct, 2014 12:00am
IMF to cut growth forecasts for Germany

IMF to cut growth forecasts for Germany

The International Monetary Fund (IMF) will cut its estimates for German economic growth in 2014 and 2015 to about 1.5 percent for each year because of the crises in Ukraine and the Middle East, weekly German magazine Der Spiegel said on Sunday. The IMF, w
Published 06 Oct, 2014 12:00am
Ivory Coast buoyed by record agricultural harvest

Ivory Coast buoyed by record agricultural harvest

Good news is pouring in from plantations in Ivory Coast, the west African country is racking up record harvests for cocoa and cashew nuts of which it is a top global producer. New policies aimed at "modernising agriculture" and "making it more competitive
Published 06 Oct, 2014 12:00am
Global officials to issue communique warming of economic risk

Global officials to issue communique warming of economic risk

Finance and development ministers from around the world next week will warn of considerable downside risks to the global economy, and call for an effort to protect the world's poor, according to the draft of a communique they plan to issue after a meeting
Published 06 Oct, 2014 12:00am
Swiss authorities give France documents on 300 UBS customers

Swiss authorities give France documents on 300 UBS customers

Switzerland has handed over to the French authorities documents on 300 customers of UBS AG suspected of evading tax, a Swiss newspaper said on Sunday. Citing no sources, the SonntagsZeitung newspaper said the documents had been sent to the judicial author
Published 06 Oct, 2014 12:00am
China's central bank vows to maintain steady credit growth

China's central bank vows to maintain steady credit growth

China's central bank said on Sunday it will use various monetary tools to maintain adequate liquidity and reasonable growth in credit and social financing. In a statement to summarise the third-quarter monetary policy committee meeting, the People's Bank
Published 06 Oct, 2014 12:00am
Falcao fires United to victory over Everton

Falcao fires United to victory over Everton

Radamel Falcao's first goal for Manchester United secured a 2-1 victory over Everton in the Premier League at Old Trafford on Sunday. But the final result also owed much to several fine saves by United goalkeeper David de Gea. With the match all square at
Published 06 Oct, 2014 12:00am
Superb Treve emulates Alleged with second Arc win

Superb Treve emulates Alleged with second Arc win

Treve became the first horse since Alleged in 1977/78 to win Europe's most prestigious race, the Prix de l'Arc de Triomphe, in successive years as she stormed home at Longchamp on Sunday. Treve - giving jockey Thierry Jarnet his fourth win in the race - c
Published 06 Oct, 2014 12:00am
Emotional Lewton wins maiden Asian Tour title in Taiwan

Emotional Lewton wins maiden Asian Tour title in Taiwan

Englishman Steve Lewton banished his Taipei demons and clinched the Taiwan Masters title on Sunday before dedicating a first Asian Tour victory to his late father. After failing to make the cut in the last two editions of the event, the 31-year-old return
Published 06 Oct, 2014 12:00am
Australia need to forget the hype in big year: Clarke

Australia need to forget the hype in big year: Clarke

A test series against India, a World Cup on home soil and a much-anticipated Ashes campaign will put Australia's cricketers under heavy scrutiny over the next year, but the team need to make themselves oblivious to the hype, according to captain Michael C
Published 06 Oct, 2014 12:00am
Hamilton wins crash-marred Japan race

Hamilton wins crash-marred Japan race

Britain's Lewis Hamilton won a wet and sombre Japanese Grand Prix on Sunday to extend his Formula One lead over Mercedes team mate Nico Rosberg to 10 points with four races remaining. The race started behind the safety car due to heavy rain and ended with
Published 06 Oct, 2014 12:00am
Sevilla thrash Deportivo to move into third

Sevilla thrash Deportivo to move into third

Sevilla moved ahead of La Liga champions Atletico Madrid into third place with a convincing 4-1 home win over bottom side Deportivo la Coruna on Sunday. Cameroonian midfielder Stephane Mbia continued his fine scoring form as he opened the scoring midway t
Published 06 Oct, 2014 12:00am
Nishikori tames Raonic to claim Japan Open title

Nishikori tames Raonic to claim Japan Open title

Local hero Kei Nishikori claimed his second Japan Open title on Sunday, overcoming familiar foe Milos Raonic 7-6(5) 4-6 6-4 in the final under a closed roof at the Ariake Colosseum. The US Open finalist clinched the first set via a tiebreak before the big
Published 06 Oct, 2014 12:00am
Wolfsburg down Augsburg to move into top six

Wolfsburg down Augsburg to move into top six

Wolfsburg went sixth in the Bundesliga on Sunday after defender Naldo sealed a 1-0 win over Augsburg while ex-Chelsea midfielder Kevin de Bruyne was involved in a bizarre booking. A superb strike from 13 metres out from ex-Selecao defender Naldo on 58 min
Published 06 Oct, 2014 12:00am
Djokovic and Sharapova win China Open

Djokovic and Sharapova win China Open

World number one Novak Djokovic crushed Tomas Berdych 6-0, 6-2 Sunday to win the China Open and maintain a remarkable 100 percent record in the Beijing tournament. Meanwhile, French Open champion Maria Sharapova was forced to battle hard to overcome Petra
Published 06 Oct, 2014 12:00am
Obesity risk rises if antibiotics given before age two

Obesity risk rises if antibiotics given before age two

Kids who get treated with broad-spectrum antibiotics before age two face a higher risk of childhood obesity, said a US study. The research in the Journal of the American Medical Association (JAMA) Pediatrics is the latest to find a link between weight pro
Published 06 Oct, 2014 12:00am
Japan's volcanoes: Could Fuji be next?

Japan's volcanoes: Could Fuji be next?

The sudden eruption of Mount Ontake over the weekend, which is believed to have killed at least 31 people, was a reminder of Japan's vulnerability to its many active volcanoes. Gas continued to pour from the ruptured crater, as emergency workers tried to
Published 06 Oct, 2014 12:00am
Rare respiratory virus, paralysis spreads among US kids

Rare respiratory virus, paralysis spreads among US kids

An unusual respiratory virus has sickened more than 400 children across the United States, and the emergence of sudden paralysis in some Colorado youths is sparking concern among doctors. The nation-wide outbreak of enterovirus D68 - which can cause wheez
Published 06 Oct, 2014 12:00am
Moisturising newborns prevents allergies

Moisturising newborns prevents allergies

Applying moisturiser to a new-born baby's skin could help prevent eczema and even food allergies in later life, possibly offering a cheap and easy way to combat a growing global problem, a Japanese institute said on October 03. A small-scale study carried
Published 06 Oct, 2014 12:00am
Global seafloor map reveals stunning details of Earth's depths

Global seafloor map reveals stunning details of Earth's depths

Scientists have devised a new map of the Earth's seafloor using satellite data, revealing massive underwater scars and thousands of previously uncharted sea mountains residing in some of the deepest, most remote reaches of the world's oceans.
Published 06 Oct, 2014 12:00am
UN goal on slashing child deaths set to be missed

UN goal on slashing child deaths set to be missed

A UN target for slashing infant deaths will be missed, mainly through failures to roll back infectious disease and complications during pregnancy, experts said. Under the fourth so-called Millennium Development Goal (MDG), all UN members were meant to red
Published 06 Oct, 2014 12:00am
Heroin overdose death rate doubles in US

Heroin overdose death rate doubles in US

Fatal heroin overdoses rose sharply across much of the United States in just two years, with a new report showing the death rate doubled from 2010-12, health authorities said on October 02. The report from the Centers for Disease Control and Prevention wa
Published 06 Oct, 2014 12:00am
Sandblasting winds shift Mars' landscape: study

Sandblasting winds shift Mars' landscape: study

High winds are a near-daily force on the surface of Mars, carving out a landscape of shifting dunes and posing a challenge to exploration, scientists said. Wind has long been known to be a factor in the Red Planet's topography and climate, creating dust s
Published 06 Oct, 2014 12:00am
Facebook tightens reins on research at social network

Facebook tightens reins on research at social network

Facebook tightened the reins Thursday on its research methods in the wake of an outcry by members who felt manipulated by a secret study into how posts affect moods. The world's biggest social network announced that a panel of senior personnel from a rang
Published 06 Oct, 2014 12:00am
Facebook steps up battle on 'fake likes'

Facebook steps up battle on 'fake likes'

Facebook said Friday it has stepped up its battle against spammers who promise to deliver "likes" to its members, and warned users on using such scams. The world's most popular social network said that to date, it has obtained legal judgements of nearly $
Published 06 Oct, 2014 12:00am
BlackBerry returns to biz user roots with new smartphones

BlackBerry returns to biz user roots with new smartphones

BlackBerry on Wednesday unveiled its newest smartphones with a full physical keyboard and a large screen, aiming to return to its roots targeting business users. The BlackBerry Passport, named for its approximate size to the travel document, is designed t
Published 06 Oct, 2014 12:00am
HP sees low-power servers making inroads in niche data centres

HP sees low-power servers making inroads in niche data centres

Hewlett-Packard Co's vice president of server engineering expects new lower-power servers made with technology from ARM Holdings to make inroads in niche data centers over the next year in a market dominated by Intel Corp.
Published 06 Oct, 2014 12:00am
Twitter-funded laboratory to seek social media insights

Twitter-funded laboratory to seek social media insights

A new Twitter-funded research project unveiled Wednesday, with access to every tweet ever sent, will look for patterns and insights from the billions of messages sent on social media. The MIT Media Lab said the new Laboratory for Social Machines would be
Published 06 Oct, 2014 12:00am
Inventor of World Wide Web warns of threat to internet

Inventor of World Wide Web warns of threat to internet

The British inventor of the World Wide Web warned on Saturday that the freedom of the internet is under threat by governments and corporations interested in controlling the web. Tim Berners-Lee, a computer scientist who invented the web 25 years ago, call
Published 06 Oct, 2014 12:00am
Apple plans iPad event on October 16: report

Apple plans iPad event on October 16: report

On the heels of a major launch of large-screen iPhones, Apple has scheduled an October 16 event to update its iPad line, technology news website Re/code reported Friday. The event also will include a look at next-generation software for powering Macintosh
Published 06 Oct, 2014 12:00am
Rodent-type noises: one reason to shop wisely for network drives

Rodent-type noises: one reason to shop wisely for network drives

A popular way to back up all the data from the different computers in a home is to use a network-attached storage (NAS) device, but early adopters used to complain at the noises the machines made. Leaving a NAS running sometimes sound like you had a roden
Published 06 Oct, 2014 12:00am
Microsoft gives peek at coming Windows 10 software

Microsoft gives peek at coming Windows 10 software

Microsoft on Tuesday offered its first glimpse of its Windows 10 software that it hopes delivers a winning formula for powering tablets and smartphones, along with laptops and desktop computers. The US software colossus focused on its core business market
Published 06 Oct, 2014 12:00am
Newest iPhones available in China on October 17

Newest iPhones available in China on October 17

Apple's iPhone 6 and iPhone 6 Plus will hit store shelves in China on October 17, the Cupertino, California-based-company said Tuesday. iPhone fans will be able to start pre-ordering the coveted gadgets starting October 10.
Published 06 Oct, 2014 12:00am
How to find a forgotten wi-fi password

How to find a forgotten wi-fi password

Adding a new device to a wireless network can be a problem if the network has functioned so well for so long that you've forgotten where you wrote down the access code. If this happens, it's not necessary to create a new code. Windows 7 and higher can dis
Published 06 Oct, 2014 12:00am
Apple to start two-step ID authentication for iCloud

Apple to start two-step ID authentication for iCloud

Apple is adding extra layers of security to its iCloud online data storage service, with new requirements for second passwords for a variety of services. The new system means that users will only be able to access services like Mail, Pages or Keynote once
Published 06 Oct, 2014 12:00am
Google+ membership no longer mandatory with Google account

Google+ membership no longer mandatory with Google account

Google has done away with its requirement, in place since 2012, that any person creating a Google account must automatically sign up to its Google Plus social network. Now, if you sign up for Gmail service, there is an option to tick a "no thanks" box whe
Published 06 Oct, 2014 12:00am
Toyota keeps European sales target despite Russian market slump

Toyota keeps European sales target despite Russian market slump

Toyota Motor Corp expects to ride out the worst effects of the slump in Russia's car market, a senior executive said at the Paris auto show, and is sticking to its target of increasing sales to a million vehicles in Europe next year. Though Russia's car s
Published 06 Oct, 2014 12:00am
UBS to overhaul legal structure

UBS to overhaul legal structure

Swiss banking giant UBS said it plans to overhaul its legal structure as it adapts to rules on institutions considered "too big to fail". The bank said in a statement it would begin its makeover next month, when it will launch a share-for-share exchange o
Published 06 Oct, 2014 12:00am
US firm's new Islamic ETF looks to test muted investor demand

US firm's new Islamic ETF looks to test muted investor demand

Seattle-based Falah Capital is preparing to launch an Islamic exchange-traded fund (ETF) that tracks large US stocks, the latest sharia-compliant product in a market that has yet to fully embrace such low-cost investment tools.
Published 06 Oct, 2014 12:00am
US firm's new Islamic ETF looks to test muted investor demand

US firm's new Islamic ETF looks to test muted investor demand

Seattle-based Falah Capital is preparing to launch an Islamic exchange-traded fund (ETF) that tracks large US stocks, the latest sharia-compliant product in a market that has yet to fully embrace such low-cost investment tools.
Published 06 Oct, 2014 12:00am
Dubai World agrees restructuring with largest creditors

Dubai World agrees restructuring with largest creditors

Dubai World's biggest creditors have agreed a deal with the state-owned conglomerate to renegotiate its debt repayment schedule, one of Dubai's top government officials said on October 01. However, Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai's Su
Published 06 Oct, 2014 12:00am
Allianz urges swift action from Berlin on infrastructure

Allianz urges swift action from Berlin on infrastructure

German insurance giant Allianz is eager to invest more of its 570 billion euro ($720 billion) portfolio in domestic infrastructure projects but says the government in Berlin must first improve the regulatory environment for such investments. Speaking to R
Published 06 Oct, 2014 12:00am
NBK sells stake in Qatari bank for $538 million

NBK sells stake in Qatari bank for $538 million

National Bank of Kuwait (NBK), the Gulf state's largest lender, said on October 02 it has agreed to sell its 30 percent stake in International Bank of Qatar for $538 million. The sale to a number of Qatari investors would generate a profit of $87 million,
Published 06 Oct, 2014 12:00am
HTC third quarter profit beats estimates

HTC third quarter profit beats estimates

Taiwanese smartphones maker HTC Corp swung to better-than-expected profit in the third quarter from a heavy loss a year earlier, as cost cuts helped it offset the impact of still-sluggish sales. HTC said on October 03 it earned T$640 million ($21 million)
Published 06 Oct, 2014 12:00am
HTC third quarter profit beats estimates

HTC third quarter profit beats estimates

Taiwanese smartphones maker HTC Corp swung to better-than-expected profit in the third quarter from a heavy loss a year earlier, as cost cuts helped it offset the impact of still-sluggish sales. HTC said on October 03 it earned T$640 million ($21 million)
Published 06 Oct, 2014 12:00am
Financial market storm brewing as 2014 winds down

Financial market storm brewing as 2014 winds down

After a year in which world markets have sailed effortlessly through wars, invasions and geopolitical ferment, a storm of their own making may well be brewing. Investors have mostly held their nerve as headlines lurched from a new 'Cold War' in eastern Eu
Published 06 Oct, 2014 12:00am
Dubai Amlak's shareholders agree $572 million convertible issue

Dubai Amlak's shareholders agree $572 million convertible issue

Shareholders of Dubai's Amlak Finance have approved the issuance of a Shariah-compliant instrument convertible into its stock worth up to 2.1 billion dirhams ($571.8 million), a statement from the mortgage provider said on Sunday. The instrument is a key
Published 06 Oct, 2014 12:00am
Boom year for Argentine stocks reflects fear more than confidence

Boom year for Argentine stocks reflects fear more than confidence

Argentina has defaulted on its debt, the economy is stagnant, inflation is soaring and its market-friendly central bank chief has just been forced out. But its stock market is up over 100 percent this year, making it one of the world's top performers.
Published 06 Oct, 2014 12:00am
Tokyo investors eye BoJ policy meet

Tokyo investors eye BoJ policy meet

The release Friday of US jobs data, which will give a better idea about the state of the US economy, will be in focus for Japanese investors next week, as the Bank of Japan prepares to hold its latest policy meeting. Japanese machinery orders and consumer
Published 06 Oct, 2014 12:00am
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