Tokyo stocks sank 2.01 percent Tuesday, following heavy losses on Wall Street and a plunge in oil prices, while a stronger yen hit exporters. The Nikkei 225 index at the Tokyo Stock Exchange shed 344.08 points to finish at 16,755.32, while the Topix index

European shares staged a late rebound on Tuesday as the Russian rouble recovered a good chunk of the day's losses against the dollar and oil prices also gained ground. Traders pointed to comments by US Secretary of State John Kerry, who said Russia had ma

Australian shares slid to a 10-month low on Tuesday as sunken commodity prices dragged resources stocks, while other industrial sectors pared losses because of their attractive yields after a selloff lasting several months. The S&P/ASX 200 index ended dow

Southeast Asian stock markets extend losses on Tuesday after a fall in the Russian rouble triggered a sell-off in emerging markets due to global risk aversion. The slump in the rouble on the back of falling oil prices and Western sanctions has sent emergi

Britain's top equity index rose on Tuesday as a drop in UK inflation propped up the stock market in the face of market turmoil caused by Russia, while energy stocks rebounded. The bluechip FTSE 100 index endured a volatile session, caused by a plunge in R

The yen hit a two-week high versus the dollar on Tuesday as investors shunned riskier assets, while the rouble - a major victim of plunging oil prices - rebounded after the Russian central bank hiked rates to halt its currency's collapse. The slide in oil

Retail currency trading platform FXCM halted trading of Russia's battered rouble on Tuesday, saying it expects major traders of the currency to stop pricing the rouble this week in anticipation of the introduction of capital controls. The rouble fell by u

Turmoil gripped global foreign exchange markets on Tuesday, driving investors to the safety of the yen and the Swiss franc as Russia's rouble went into a tailspin and oil prices fell below $60 a barrel. The big loser among actively traded G-10 currencies

The US dollar hovered at its lowest level against the safe-haven yen in roughly a month on Tuesday while the Russian ruble continued its plunge against the greenback after an extended drop in oil prices fuelled concerns over the global economy. The dollar

The Russian rouble posted its sharpest fall against the US dollar since 1998 on Monday, while the greenback slipped against the yen after a new slide in oil prices ignited concerns over the health of the global economy. The rouble weakened beyond 60 roubl

Sri Lankan rupee forwards closed steady on Monday as banks hesitated to sell them beyond the 132.00-per-dollar level due to moral suasion by the central bank amid mild importer dollar demand, dealers said. The four-day forwards or spot-next-next, which we

Turkey's currency the lira hit a new record low on Tuesday as investors moved out of emerging markets amid the collapse of the Russian ruble and fretted over the impact of raids against Turkish opposition media. The lira hit a record low in value of 2.41

The Indonesian rupiah gained some respite after hitting a 16-year low on Tuesday, buoyed by central bank intervention and short-covering. The rupiah's fall had accelerated since Friday in thin year-end trading conditions, with analysts attributing the mov

The rupee hit 13-month lows and bonds plunged as markets in the region tumbled on fears about the global economy, raising doubts about whether India can afford to cut interest rates given risks that such a move could trigger foreign outflows. Benchmark 10

Sterling was among the biggest winners against the dollar on Tuesday, hitting a three-week high in a day of turmoil when Russia's rouble plunged by as much as 25 percent as oil prices slid below $59 per barrel. The pound also got a boost when Bank of Engl

The Australian dollar fell to 4-1/2-year lows on Tuesday, while the New Zealand dollar struggled as growth concerns in China and plunging oil prices encouraged investors to buy the safe haven yen. The Australian dollar was at $0.8222, having touched $0.82

Mahendra Singh Dhoni said Tuesday he is unconcerned by India's losing record at the Gabba and backed his team to do well on fast wickets in the second Test against Australia. Wicketkeeper Dhoni, who will return from injury to lead the tourists in Wednesda

JS Bank limited (JSBL) has sponsored a cricket series between Pakistan A and Kenya cricket team to help revive international cricket in Pakistan. The five match one-day series will be played in Lahore at Qaddafi Stadium. It is the first time that any inte

Former Arsenal and French striker Thierry Henry announced Tuesday he was retiring from football after a glittering two decades long career and will become a TV analyst for Sky Sports in England. "After 20 years in the game I have decided to retire from pr

Stand-in captain Shahid Afridi is hoping Pakistan can maintain their winning momentum and seal the series against New Zealand in the fourth one-day match in Abu Dhabi on Wednesday. Pakistan lead the five-match series 2-1 after winning the first match in D

Roma coach Rudi Garcia has been handed a two-game touchline ban after trying to slap a steward at the end of his side's win at Genoa, Serie A officials announced Tuesday. League disciplinary officials issued several sanctions following the weekend's match

Pakistan hockey team on Tuesday returned home from India through Wagah border after clinching silver at the Champions Trophy after 16 years. PHF president Akhtar Rasool Chaudhry, general secretary Rana Mujahid Ali and former hockey players received the pl

Stan Wawrinka and Marin Cilic enjoyed breakthrough triumphs at the Australian and US Opens, but at the end of 2014 it was business as usual for Novak Djokovic and Roger Federer Djokovic was world number one for the third time in four years after winning a

Juventus midfielder Andrea Pirlo claimed Serie A's player of the year award for the third consecutive year during a gala event on Monday organised by the Association of Italian Footballers. The 34-year-old playmaker celebrated alongside former Juve handle

Tillakaratne Dilshan smashed a century and grabbed three wickets in his 300th one-day international as Sri Lanka whipped England by 87 runs in the seventh and final match in Colombo on Tuesday. Dilshan passed the 9,000-run mark in one-day cricket on his w

A global anti-corruption group said Monday that nearly $1 trillion was illicitly drained from developing countries in 2012, representing a record level of corruption, money laundering and false trade documentation. The Washington-based group Global Financ

Swedish police launched an Internet site on Tuesday to help crack down on Swedes travelling abroad for sex with minors. Resekurage.se - which means "travel courage" - encourages Swedes travelling to destinations such as Thailand, Cambodia and Sri Lanka kn

The United States called for caution on Tuesday as Palestinians seek to push their hopes for statehood to the top of the UN agenda ahead of Israeli elections. Top US diplomat John Kerry said nothing should be allowed to get in the way of preparations for

Ukraine's separatist east passed the night into Tuesday without any shooting, President Petro Poroshenko said, hailing the first such stretch of calm as a positive signal for the next steps in a peace plan. Army chief of staff Viktor Muzhenko also stresse

US President Barack Obama will sign into law a bill passed by Congress to tighten sanctions against Russia over its actions in Ukraine, the White House said Tuesday, amid a dramatic run on the ruble. "The president does intend to sign the bill," spokesman

US and European sanctions against Russia could be lifted within days if President Vladimir Putin made the right choices in Ukraine, top US diplomat John Kerry said Tuesday. Kerry told reporters that the sanctions which have shaken confidence in Russia's e

An American Airlines flight from Seoul to Dallas was forced to make an emergency landing in Tokyo early Wednesday after a dozen people were injured during turbulence, a report said. Flight AA280, carrying 240 passengers and 15 crew, was diverted to Japan'

California needs 11 trillion gallons of water to recover from its three-year drought, the US space agency said Tuesday after studying water resources by using satellite data. The first of its kind calculation of how much groundwater would end the drought

Nearly 200 combatants on both sides were killed in 24 hours when the Syrian branch of al Qaeda took two regime bases in Idlib province, a monitoring group said on Tuesday. The Syrian Observatory for Human Rights, which is based in Britain but gleans its i

Swedish police have arrested two Egyptian men and a Lebanese woman for illegally transporting asylum seekers into the country aboard a private jet, the police said Tuesday. The Cessna jet, registered to an Egyptian company, landed in Malmoe airport Monday

Thirty-five Turkish soccer fans went on trial on Tuesday accused of attempting to stage a coup during mass protests last year, in a case the opposition and rights groups say is an abuse of the justice system by a government bent on revenge. Prosecutors ar

US giant Google on Tuesday shut down its popular online news service in Spain in protest at a new law which would make it pay for content. "We're incredibly sad to announce that, due to recent changes in Spanish law, we have removed Spanish publishers fro

A US jury on Tuesday found in Apple's favour in a $350 million lawsuit that accused the tech giant of illegally forcing iPod users to purchase their music on its iTunes service. After a trial which dramatically featured testimony from late Apple founder S

A suicide car bomb attack in central Yemen targeting a Shia militia leader killed 25 people including 15 children on Tuesday, security and medical sources said. The children were killed when their school bus was caught up in the attack targeting the home

Romania's Prime Minister Victor Ponta said Tuesday he'll give up his doctorate in law after years of being accused of plagiarising swathes of his PhD thesis, however he admitted no wrongdoing. "I should have made this gesture earlier, as soon as the publi

Cotton futures rose for the third straight session on Monday to settle at their highest in a month on expectations of further mill buying, prompting investors to cover short positions as the market moved from harvest season lows. The most-active March cot

Malaysian palm oil futures fell for a third day on Tuesday and slide to their weakest in nearly two weeks, as crude deepened its sharp drop and volatility in emerging Asian markets turned investors wary. Brent crude fell as low as $59.02, its weakest leve

Raw sugar on ICE dropped to a 2-1/2-month low on Tuesday, falling for a fourth straight session on pressure from the oil price slump, while arabica coffee fell as Brazil's weak currency attracted investor liquidation and producer selling. Cocoa prices ros

Chicago Board of Trade wheat futures rose 2 percent on Monday on a mix of chart-based buying and uncertainty over Russian grain export policy, traders said. Soybeans fell, pressured by a monthly industry report showing a smaller-than-expected November soy

Benchmark Tokyo rubber futures ended down 1 percent on Tuesday, paring a near-7-percent gain over the past two sessions, as the slowdown in China's factory sector activity and a stronger yen hurt market sentiment, dealers said. The Tokyo Commodity Exchang

The most-traded February copper contract on the Shanghai Futures Exchange slipped by 1.4 percent to 45,880 yuan ($7,407) a tonne on Tuesday after factory growth in top metals consumer China shrank in December for the first time in seven months, further cu

Aluminium prices hit their lowest in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Activity in China's factory sector contracted in December for

US crude oil futures bounced off 5-1/2-year lows on Tuesday, and hovered around $55 a barrel in volatile trading near that price, with US options set to expire later in the day. Global benchmark Brent crude also pared losses after plumbing a July 2009 low

Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

Gold edged higher on Tuesday, aided by a softer dollar, after falling more than 2 percent in the prior session in its deepest slide in over a year following a sustained slump in oil prices. Apart from oil, investors are eyeing the Federal Reserve's two-da

Gold fell more than 2 percent to one-week lows on Monday for its weakest session so far this year after a late sell-off triggered by oil's continued rout and a stronger dollar ahead of the key Federal Reserve meeting later in the week. Bullion prices had

Gold jumped 2 percent on Tuesday after its biggest one-day drop this year, as the dollar slid and investors sought safe havens as oil plunged and an emergency rate hike by Russia failed to stabilise the rouble. The dollar index fell 0.7 percent, its bigge

Wheat prices on the Chicago Board of Trade climbed to a six-month high on Tuesday as the market focused on whether Russia will curb exports as a result of pressure on the rouble. Soyabeans fell to a one-week low on improving South American crop prospects

Gold surrendered earlier gains in a midday trade on Tuesday to slide back below $1,200 an ounce as the dollar came off lows and European stock markets rebounded nearly 2 percent. Spot gold was at $1,992.69 an ounce at 1633 GMT, little changed on the day,

The Earthquake Reconstruction and Rehabilitation Authority (Erra) Project Steering Committee has directed all the concerned quarters to complete ongoing projects in earthquake-hit areas of Azad Kashmir as early as possible. The project steering committee'

The Institute of Cost and Management Accountants of Pakistan (ICMAP) organised a Business Professional Conference to portray corporate image of Pakistan to the world and motivate the entrepreneurs for business growth, enhance the confidence of the investo

The UN General Assembly on Monday adopted a resolution, by consensus, on promoting inter-religious and inter-cultural dialogue under which the 193-member body affirmed that mutual understanding and dialogue are important components of the culture of peace

National Assembly's Standing Committee on Religious Affairs & Inter-Faith Harmony has expressed serious concern over forcefully conversion of religion and marriage after kidnapping of teenage Hindu girl and recommended that the federal and Sindh governmen

A two-day international conference on "environment and sustainable development" began Tuesday at the Government College University, Lahore under the auspices of the university's Sustainable Development Study Centre (SDSC) and Higher Education Commission (

Incorporated in 1986 as a public limited company, Clover Pakistan Limited is involved in the manufacturing, marketing and distribution of food and other personal care products.

Incorporated in 1986 as a public limited company, Clover Pakistan Limited is involved in the manufacturing, marketing and distribution of food and other personal care products.

Spectrum Y&R recently announced that the agency has once again won the award for Pakistan "Creative Agency of the Year". Last year, the agency won a Silver Award and this year a Bronze. The award was announced by Campaign South Asia Agency of the Year Awa

Sugarcane growers of the district Shaheed Benazirabad staged demonstration against non-payment of their supplied sugar cane at the rate announced by Sindh Chief Minister Syed Qaim Ali Shah and Agriculture Minister recently, on Tuesday. Growers Muhammad Sa

Continued inconsistency in the pricing policy and arbitrary working of the Drug Regulatory Authority of Pakistan (DRAP) has put local and foreign pharmaceutical firms under pressure due to low profitability, resulting in steep decline in investments and s

Policy makers, legislators, researchers, lawyers, judges, civil society organisations and activists who participated in a seminar organised by National Commission on the Status on Women entitled "Combating Violence: Ending Impunity" underlined the need fo

Chairman Joint Chiefs of Staff Committee, General Rashad Mehmood said that being the protector of maritime boundaries, a potent and modern navy is indispensable to thwart the challenges to our sovereignty in the entire spectrum of maritime spheres and gua

Dr Fauzia Siddiqi, sister of Dr Aafia Siddiqi has expressed her serious concern about the well being of her sister in US jail. In a statement on Tuesday, Dr Fauzia said it has been nine months that they have no idea if she is alive or dead. She said they

Mobilink and OLX, Pakistan's number one marketplace for used goods, have extended their partnership to provide free mobile browsing of all OLX website variants and applications over Mobilink's network. As part of this collaboration all Mobilink prepaid cu

Muhammad Jawed Bilwani, Chairman, Pakistan Apparel Forum greatly lauded the appointment of Amir Muhammad Khan Marwat as Federal Secretary, Ministry of Textile Industry.

Chairman Export Processing Zones Authority Aftab Anwar Baloch, presided over the 108th meeting of EPZA Board of Directors on Tuesday. The board appreciated the austerity measures implemented by the Chairman EPZA to close EPZA Liaison offices at such locat

German Ambassador to Pakistan, Dr Cyrill Nunn has said that goal of restoration of durable peace in Afghanistan could not be achieved without help of Pakistan. He was talking to media after launching ceremony of water conservation and agricultural managem

Pakistan Telecommunication Authority (PTA) in its ongoing efforts to control grey trafficking recovered 9 illegal VoIP gateways comprising of 232 ports on Tuesday According to press release issued here, successful raid against the grey operators was carri

Over 200,000 passengers have used Emirates' free onboard Wi-Fi since October this year, taking advantage of the airline's service to connect with family, friends or colleagues when they fly. On most Emirates A380s passengers can access 10MBs of free data,

Over 200,000 passengers have used Emirates' free onboard Wi-Fi since October this year, taking advantage of the airline's service to connect with family, friends or colleagues when they fly. On most Emirates A380s passengers can access 10MBs of free data,

1LINK (Guarantee) Limited (1LINK), Pakistan's largest payment system by market share, and JCB International (JCBI), the international operations subsidiary of JCB Co, Ltd on Tuesday entered into a strategic partnership to introduce JCB debit cards in Paki

1LINK (Guarantee) Limited (1LINK), Pakistan's largest payment system by market share, and JCB International (JCBI), the international operations subsidiary of JCB Co, Ltd on Tuesday entered into a strategic partnership to introduce JCB debit cards in Paki

Director General of Intelligence and Investigation Inland Revenue (IR) Lahore has unearthed a mega tax fraud by a leading electronics company of Lahore involved in evasion of duties and taxes to the tune of billions. It is learnt on Tuesday that the intel

Director General of Intelligence and Investigation Inland Revenue (IR) Lahore has unearthed a mega tax fraud by a leading electronics company of Lahore involved in evasion of duties and taxes to the tune of billions. It is learnt on Tuesday that the intel

The Muttahida Qaumi Movement (MQM) on Tuesday announced three days of mourning and suspended its political activities to mourn the killing of schoolchildren in a deadly Taliban attack on the Army Public School in Peshawar. In a press statement, the MQM Co

Local auto industry is reportedly not satisfied with the new draft five-year auto policy prepared by the government without having any meaningful consultation with the stakeholders. Background interviews with the stakeholders ie Pakistan Automotive Manufa

K-Electric plans to invest $2 billion in the power sector during the next three years. The plan includes construction of 600MW coal-fired power plant in Gaddani. The plan was shared by the K-Electric management with Finance Minister Ishaq Dar on Tuesday.

Pakistan Tehrik-e-Insaf (PTI) Punjab has on Tuesday condemned the terrorist attack at an army-run school in Peshawar that left at least 126 students dead and 122 more injured. PTI Punjab President Ejaz Chaudhry announced three days of mourning in Punjab a

Four people were killed in separate incident of violence here on Tuesday. According to police and rescue sources, Khuda Bux, 50, son of Kumar was killed by unidentified gunman near Akbar Shaheed Chowk, in Orangi Town. The body was shifted to near by priva

Jammat-ud-Dawa (JuD) chief Hafiz Muhammad Saeed strongly condemning the attack on Army Public School (APC) Peshawar which claimed lives of at least 126 school children, has said the massacre of innocent children in the name of Islam was not Jihad but terr

Expressing dissatisfaction over the report submitted by the federation and provinces regarding steps taken for the protection of minorities, the Supreme Court on Tuesday termed it a mere piece of paper. A three-member bench headed by Chief Justice Nasirul

Based on actionable intelligence following a brutal terrorist attack on Army Public School in Peshawar Pakistan army is planning numerous operations against militants in tribal areas. "Based on actionable intelligence several operations have been carried

Finance Minister Ishaq Dar has asked the Tax Reforms Commission (TRC) to finalise an interim report on its deliberations and outline important proposals for consideration of the government. Speaking at the concluding session of the two-day TRC meeting her

All Karachi Tajir Ittehad (AKTI) on Tuesday announced to observe three-day mourning to condemn the terrorists who killed over 130 schoolchildren in Peshawar. Talking to Business Recorder Chairman AKTI, Atiq Mir said: "We are deeply saddened by the

Law-enforcement agencies (LEAs) on Tuesday beefed up security to guard private schools in the wake of Peshawar carnage. A spokesman for Pakistan Coast Guards said that security of private schools has been further intensified following the terrorists attac

Public Accounts Committee (PAC) of the National Assembly on Tuesday sought legal opinion from Ministry of Law and Justice over challenging the decisions of parliamentary body or Auditor General Office in the court of law. Auditor General Office drew the a

Public Accounts Committee (PAC) of the National Assembly on Tuesday sought legal opinion from Ministry of Law and Justice over challenging the decisions of parliamentary body or Auditor General Office in the court of law. Auditor General Office drew the a

Ministry of State and Frontier Regions (SAFRON) said that the government has paid a total of Rs 731.839 million to the legal heirs of martyred and injured people in Federally Administered Tribal Areas (FATA). Talking to media here on Tuesday, a senior off

Princely Jets, Pakistan's only private jet and helicopter charter-company has launched a 'City Helicopter Tour' service in Karachi on Tuesday. First time in the country, the general public has an opportunity to feel the pleasure of 'VIP' travel and enjoy

Ginners lost over 50 percent cotton contracts, signed with the Trading Corporation of Pakistan (TCP), after they failed to ensure sampling offers on time.

Pakistan Yarn Merchants have strongly condemned the terror attack at a school in Peshawar and closed down the market immediately. Central Chairman Khalil Qaisar Shamas Guccha and Zonal Chairman Adnan Zahid Butt called an emergency meeting of the members o

Speaker National Assembly Sardar Ayaz Sadiq called on Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in Kuwait City and discussed issues of mutual interests and means to strengthen bilateral relations between Pakistan and Kuwait, says a press rele

The Asian Development Bank (ADB) has approved a loan of $42.9 million to provide reliable irrigation for farmlands and non-cultivated lands in the Federally Administered Tribal Areas (Fata) in Pakistan. "Irrigated farmlands in Fata will boost productivity

The Asian Development Bank (ADB) has approved a loan of $42.9 million to provide reliable irrigation for farmlands and non-cultivated lands in the Federally Administered Tribal Areas (Fata) in Pakistan. "Irrigated farmlands in Fata will boost productivity

The non-provision of funds by the Sindh government hinders development of the country's largest fish harbour and delays execution of master plan for one more year, officials told Business Recorder on Tuesday. "The Sindh government had earmarked Rs