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May 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-14
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh fell at the weekly auction on Tuesday, snapping a three-week run of gains due to higher volume of poor grades on offer, but strong demand for quality leaf capped the slide. Bangladeshi tea fetched an average 193.38 taka ($2.44) pe
Published 14 Jan, 2016 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 148,288 tonnes of cargo comprising 133,039 tonnes of import cargo and 15,249 tonnes of export cargo including 2,378 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 14 Jan, 2016 12:00am
US FOB Gulf soyabean premiums weaker on light demand

US FOB Gulf soyabean premiums weaker on light demand

Export premiums for soyabeans shipped from the US Gulf Coast were steady to weaker on Tuesday, with nearby values underpinned by scattered demand and deferred prices weighed down by competition from South American shipments, traders said. FOB Gulf corn an
Published 14 Jan, 2016 12:00am
EU wheat prices slightly weaker ahead of USDA report

EU wheat prices slightly weaker ahead of USDA report

European wheat prices were unchanged to slightly weaker in light trade on Tuesday in a wait-and-see mode ahead of the release at 1700 GMT of a widely-followed US government report. By 1600 GMT front-month March on Paris-based European milling wheat future
Published 14 Jan, 2016 12:00am
US natural gas futures fall nearly six percent
Exchange

US natural gas futures fall nearly six percent

US natural gas futures fell almost 6 percent on Tuesday, the biggest decline since late December, on forecasts for less cold weather that is expected to reduce heating demand a bit over the next two weeks. After rising to 12-week high last week, front-mon
Published 14 Jan, 2016 12:00am
Brazil's December center-south produces 383,000 tonnes of sugar

Brazil's December center-south produces 383,000 tonnes of sugar

Cane mills in Brazil's center-south produced 383,000 tonnes of sugar in the second half of December, up 210 percent from a year ago, as mills try to make up for weeks lost to rain this season, the crushing industry association Unica said on Tuesday.
Published 14 Jan, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

An upward trend was witnessed on the forward cottonseeds oilcake market on Wednesday, dealer said. The January vaida closed at Rs 2050.10, they said. It opened with a gain of 80 paisa at Rs 2050.90, they said. The March vaida ended at Rs 2150.50 and comme
Published 14 Jan, 2016 12:00am
Cotton market: prices move up
Cotton

Cotton market: prices move up

Prices moved up on the cotton market on Wednesday in the process of trading, dealer said. The official spot rate was unchanged at Rs 5,400, dealers said. In Sindh, prices of seed cotton were at Rs 1800 and Rs 3000 and in the Punjab, rates were at Rs 2200
Published 14 Jan, 2016 12:00am
India develops new rapeseed variety to cut vegoil imports
Vegetable Oil

India develops new rapeseed variety to cut vegoil imports

India has developed a new variety of rapeseed as part of Prime Minister Narendra Modi's push to cut imports of vegetable oils, the country's third-biggest import item after crude oil and gold. The new rapeseed variety will have higher oil content and lowe
Published 14 Jan, 2016 12:00am
Makai prices up on grain market
Cotton

Makai prices up on grain market

Makai prices were higher on the wholesale grain market on Wednesday in the process of modest trading, dealers said. On the grams side, Makai low type gained Rs 100 to Rs 2725 and the best quality was higher by Rs 75 to Rs 2750 due to tight supply position
Published 14 Jan, 2016 12:00am
Shanghai copper down
Exchange

Shanghai copper down

Shanghai Futures Exchange copper pared early losses to trade down 0.2 percent at 34,810 yuan ($5,293) a tonne on Wednesday after yuan weakness helped to shore up China's trade balance in December, allowing traders to take profits on short positions as sel
Published 14 Jan, 2016 12:00am
Copper climbs off 6-1/2 year low
Exchange

Copper climbs off 6-1/2 year low

Copper rebounded on Wednesday from the 6-1/2 year low it hit a day earlier after upbeat Chinese trade data helped soothe concerns about demand for metals in the world's second-biggest economy. China reported exports dipped just 1.4 percent in dollar terms
Published 14 Jan, 2016 12:00am
Rubber jumps
Exchange

Rubber jumps

Benchmark Tokyo rubber futures ended up 5.5 percent on Wednesday, rebounding from a seven-year low and helped by Thailand's plans to buy rubber above-market prices to support farmers. "The market has gotten support from the Thai (purchase) plan," said a s
Published 14 Jan, 2016 12:00am
Grain prices rally

Grain prices rally

US grain prices rallied on Tuesday after the US Department of Agriculture slashed its estimate of winter wheat seedings by more than anticipated and unexpectedly cut its corn and soyabean production view. Wheat futures surged nearly 3 percent to a three-w
Published 14 Jan, 2016 12:00am
Palm oil up
Exchange

Palm oil up

Malaysian palm oil futures reversed two days of declines to gain on Wednesday as traders were keen to lock in hedges for physical crude palm oil (CPO) at these levels. The palm oil contract for March on the Bursa Malaysia Derivatives Exchange fell to a ne
Published 14 Jan, 2016 12:00am
Raw sugar surges

Raw sugar surges

Sugar futures on ICE surged 3 percent on Wednesday, on a bullish combination of chart-based buying, continued Asian demand and as some farmers in India began to switch to crops that require less water due to a drought. Cocoa futures also rose, after falli
Published 14 Jan, 2016 12:00am
Gold drops in Asia

Gold drops in Asia

Gold lost more ground on Wednesday as a rebound in stock markets reduced some of the precious metal's safe haven appeal with additional pressure from a strengthening greenback. Spot gold slid 0.8 percent to $1,081.80 an ounce by 0725 GMT and US gold futur
Published 14 Jan, 2016 12:00am
Gold falls in New York

Gold falls in New York

Gold fell for a third straight session on Tuesday as a rebound in European and US stock markets undermined the metal's appeal as a haven from risk, and as the dollar strengthened against a basket of currencies. Spot gold was down 0.3 percent at $1,090.30
Published 14 Jan, 2016 12:00am
Gold steadies in Europe
Exchange

Gold steadies in Europe

Gold inched higher after a low start on Wednesday, but a stronger dollar and a rebound in stock markets capped the upside, reducing its appeal as a safe asset. Asian shares made their first real rally of the year after better than expected Chinese trade d
Published 14 Jan, 2016 12:00am
Argentina scraps corn and wheat export quotas

Argentina scraps corn and wheat export quotas

Argentina on Tuesday removed limits on how much corn and wheat the country's huge farm sector can export, the latest measure aimed at revitalizing agriculture in the grains-producing powerhouse. The new centre-right administration of President Mauricio Ma
Published 14 Jan, 2016 12:00am
US MIDDAY: wheat and corn steady

US MIDDAY: wheat and corn steady

US corn, wheat and soyabean futures were about flat on Wednesday, with prices steadying near multi-week peaks reached in the previous session following a bullish US Department of Agriculture supply report. Corn rose by nearly 1 percent at the Chicago Boar
Published 14 Jan, 2016 12:00am
Czech inflation near zero, seen picking up in 2016

Czech inflation near zero, seen picking up in 2016

Czech inflation hovered just above zero at the end of 2015 although analysts expect a strong economy and the fading impact of slumping fuel prices to give prices a boost this year as the central bank debates when to end its weak crown policy. The central
Published 14 Jan, 2016 12:00am
US authorities rebuff VW diesel recall plan

US authorities rebuff VW diesel recall plan

US environmental regulators turned down Volkswagen's initial recall plan for its diesel cars equipped with illegal emissions cheat devices Tuesday, a day before its chief holds high-level talks on the scandal in Washington. The California Air Resources Bo
Published 14 Jan, 2016 12:00am
Bulgaria eyes new gas project after South Stream failure

Bulgaria eyes new gas project after South Stream failure

Bulgaria's premier outlined Wednesday plans for a proposed new project to bring gas from Russia and elsewhere to Europe, while bypassing Ukraine, following the failure of the South Stream project. "South Stream is history. What is on the agenda now is the
Published 14 Jan, 2016 12:00am
Italian groups seek EU antitrust probe into McDonald's

Italian groups seek EU antitrust probe into McDonald's

Three Italian consumer organisations have urged EU antitrust regulators to investigate McDonald's franchise system in Europe, a month after the opening of an EU inquiry into the US fast food company's tax deals with Luxembourg. Codacons, Movimento Difesa
Published 14 Jan, 2016 12:00am
Iceland fully reimburses Britain for Icesave collapse

Iceland fully reimburses Britain for Icesave collapse

Iceland said Tuesday it had fully reimbursed Britain for the collapse of the Icesave bank in 2008, which left Dutch and British account-holders empty-handed. "Remember Icesave?", Iceland's foreign ministry wrote on Twitter, adding a link to an article abo
Published 14 Jan, 2016 12:00am
40 heads of state, government expected at Davos forum

40 heads of state, government expected at Davos forum

More than 40 heads of state and government will attend next week's World Economic Forum (WEF) in Davos, which this year is focused on "mastering the fourth Industrial Revolution," organisers said Wednesday. Those heading to the Swiss resort town for the h
Published 14 Jan, 2016 12:00am
Irish consumer confidence hits fresh 10-year high in December

Irish consumer confidence hits fresh 10-year high in December

Irish consumer sentiment hit a new 10-year high in December, with employment growth, increased household spending capacity and the prospect of tax cuts lifting confidence, a survey showed on Tuesday. The KBC Bank Ireland/ESRI Consumer Sentiment Index clim
Published 14 Jan, 2016 12:00am
European court rules employers can monitor online communication

European court rules employers can monitor online communication

Employees in Europe will have to think twice about using the Internet to send private messages during office hours after Europe's top rights court ruled Tuesday that companies could monitor workers' online communications. The case revolved around a Romani
Published 14 Jan, 2016 12:00am
India's inflation rate quickens to 5.6 percent in December

India's inflation rate quickens to 5.6 percent in December

India's consumer price inflation accelerated to 5.6 percent in December, the Statistics Ministry said Tuesday, with prices rising at a faster pace than economists had expected. A steep increase in food prices drove the inflation rate up to a 15-month high
Published 14 Jan, 2016 12:00am
France had zero inflation in 2015

France had zero inflation in 2015

French inflation was zero in 2015, the national statistics agency Insee said on Wednesday. Prices rose 0.5 percent in 2014. "This new slowdown in consumer prices is mostly due to a sharp reduction in energy prices, in particular for oil products," Insee s
Published 14 Jan, 2016 12:00am
GE to cut up to 6,500 European jobs in energy units acquired from Alstom

GE to cut up to 6,500 European jobs in energy units acquired from Alstom

General Electric said Wednesday it plans to cut up to 6,500 jobs in Europe in the energy units it acquired from France's Alstom last year. "The restructuring plan will touch several European countries and impact potentially 6,500 jobs out of 35,000," a GE
Published 14 Jan, 2016 12:00am
Foreign investment plummets in Thailand

Foreign investment plummets in Thailand

Foreign investment in Thailand plummeted last year, official data showed, the latest sign that the kingdom's once-vibrant economy continues to falter under prolonged military rule. Total investment applied for by foreign companies between January and Nove
Published 14 Jan, 2016 12:00am
Sainsbury's logs Christmas sales drop

Sainsbury's logs Christmas sales drop

British supermarket chain Sainsbury's, which is seeking to buy Home Retail Group, reported Wednesday falling sales for the third quarter of its financial year, hit by challenging Christmas trade. Sales fell 0.7 percent in the 15 weeks to January 9, compar
Published 14 Jan, 2016 12:00am
Bypassing Russia, Ukraine to launch trade route to Kazakhstan

Bypassing Russia, Ukraine to launch trade route to Kazakhstan

Ukraine said on Wednesday it would launch the first test shipments of goods this week to Kazakhstan that would bypass Russia because of the Kremlin's new trade embargo on Kiev. Russia this month slapped new sanctions on Ukraine in response to its decision
Published 14 Jan, 2016 12:00am
Chinese exports down in December, but better than forecast
Currency

Chinese exports down in December, but better than forecast

Chinese exports exceeded expectations in December, spurring a rally on Asian markets Wednesday, in a rare bright spot for the world's second-largest economy which has been hit by slowing growth and saw overall trade drop last year. The Asian giant is key
Published 14 Jan, 2016 12:00am
Russia announces new budget cuts

Russia announces new budget cuts

Russia said Wednesday it will slash budget spending by 10 percent this year due to sliding oil prices as Prime Minister Dmitry Medvedev insisted the country must "live within its means". The renewed austerity calls came as the price of oil, Russia's key e
Published 14 Jan, 2016 12:00am
China 2015 coal imports plunge 30 percent on demand slump
Currency

China 2015 coal imports plunge 30 percent on demand slump

China's coal imports slumped 30 percent to 204.1 million tonnes in 2015, customs data showed on Wednesday, hit by a slowdown in domestic demand and a collapse in the price of locally produced coal. Imports could fall further this year, analysts said, with
Published 14 Jan, 2016 12:00am
Ford sets a special $1 billion dividend

Ford sets a special $1 billion dividend

Ford Motor Co on Tuesday declared a $1 billion supplemental cash dividend, but its outlook for 2016 profit failed to exceed Wall Street's estimates, sending its stock down in after-hours trading. The No 2 US automaker said it expected record 2015 pre-tax
Published 14 Jan, 2016 12:00am
Ford sets a special $1 billion dividend

Ford sets a special $1 billion dividend

Ford Motor Co on Tuesday declared a $1 billion supplemental cash dividend, but its outlook for 2016 profit failed to exceed Wall Street's estimates, sending its stock down in after-hours trading. The No 2 US automaker said it expected record 2015 pre-tax
Published 14 Jan, 2016 12:00am
Modi woos rural India with new crop insurance scheme

Modi woos rural India with new crop insurance scheme

India's cabinet has cleared the launch of the country's first major crop damage insurance scheme from the next fiscal year, a move that would further strain government finances but help Prime Minister Narendra Modi to woo rural voters ahead of key electio
Published 14 Jan, 2016 12:00am
Modi woos rural India with new crop insurance scheme

Modi woos rural India with new crop insurance scheme

India's cabinet has cleared the launch of the country's first major crop damage insurance scheme from the next fiscal year, a move that would further strain government finances but help Prime Minister Narendra Modi to woo rural voters ahead of key electio
Published 14 Jan, 2016 12:00am
Bankers face 2017 trial over Euribor alleged rate fix
Libor

Bankers face 2017 trial over Euribor alleged rate fix

The first bankers charged over alleged manipulation of the Euribor interest rate will face trial in London in September next year, a court ruled on Wednesday. London's Southwark Crown Court said that the trial of six bankers charged with manipulating the
Published 14 Jan, 2016 12:00am
Germany overshoots budget surplus target in 2015

Germany overshoots budget surplus target in 2015

Germany clocked up a bigger-than-expected budget surplus of 12.1 billion euros ($13 billion) in 2015, which it plans to use to cover the costs of taking in so many refugees, the finance ministry said Wednesday. "Thanks to the favourable economic trend and
Published 14 Jan, 2016 12:00am
Sri Lankan shares recover

Sri Lankan shares recover

Sri Lankan share index recovered on Wednesday after hitting over 18-month lows in the previous session, as investors picked up battered banking and telecommunications shares, brokers said. The bourse had lost 5.22 percent so far this year through Tuesday'
Published 14 Jan, 2016 12:00am
Indian stocks snap two-day losing streak

Indian stocks snap two-day losing streak

Indian stocks snapped a two-day losing streak to end nearly 1 percent higher in a highly volatile day where stocks recovered from over 1-1/2-year lows led by strong buying in heavyweight Reliance Industries. The broader NSE index ended 0.69 percent higher
Published 14 Jan, 2016 12:00am
Wednesday's midday trade: rally fades as crude retreats, Amazon weighs

Wednesday's midday trade: rally fades as crude retreats, Amazon weighs

Wall Street's early gains evaporated on Wednesday morning, led by a drop in Amazon and other consumer discretionary stocks, while crude oil prices struggled to end their losing streak. Amazon fell 2.3 percent to $603.77 and was the biggest drag on the S&P
Published 14 Jan, 2016 12:00am
Energy, biotech help lift Wall Street to second day of gains
Exchange

Energy, biotech help lift Wall Street to second day of gains

A late rebound in energy and biotech shares helped push the S&P 500 to a second straight day of gains on Tuesday, while Apple and other technology shares also boosted the market. The Nasdaq snapped an eight-session losing streak, with the Nasdaq Biotech I
Published 14 Jan, 2016 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong stocks ended more than 1 percent higher on Wednesday as the yuan stabilised, but the main indexes pared some gains after China stocks fell sharply in late afternoon trade. The Hang Seng index rose 1.1 percent, to 19,934.88, while the China Enter
Published 14 Jan, 2016 12:00am
Treasury prices rise

Treasury prices rise

US Treasury prices rose on Tuesday in choppy trading as oil prices resumed their decline and ahead of a Treasury sale of $24 billion of three-year notes, increasing appetite for safe-haven US government debt. Oil prices continued to fall after reaching 12
Published 14 Jan, 2016 12:00am
Treasury prices rise

Treasury prices rise

US Treasury prices rose on Tuesday in choppy trading as oil prices resumed their decline and ahead of a Treasury sale of $24 billion of three-year notes, increasing appetite for safe-haven US government debt. Oil prices continued to fall after reaching 12
Published 14 Jan, 2016 12:00am
Taiwan stocks rise
Exchange

Taiwan stocks rise

Taiwan stocks rose on Wednesday along with other regional bourses, led by gains in exchange traded funds targeting Chinese markets, after China stepped up efforts to curb bets against its currency and reassure sceptical investors. As of 0129 GMT, the main
Published 14 Jan, 2016 12:00am
Tokyo shares rebound sharply
Exchange

Tokyo shares rebound sharply

Tokyo shares rebounded sharply on Wednesday, finishing in positive territory for the first time in 2016 as an upbeat Chinese trade report supplied some much-needed good news. The rise snapped a six-day losing streak came on the back of a weak yen and led
Published 14 Jan, 2016 12:00am
China stocks fall, sentiment still fragile
Currency

China stocks fall, sentiment still fragile

China stocks slid in late afternoon trade after a relatively steady morning session on Wednesday, underscoring the fragility of investor sentiment following last week's rout. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1
Published 14 Jan, 2016 12:00am
European shares pull back on bearish oil report, profit-taking
Currency

European shares pull back on bearish oil report, profit-taking

European shares rose on Wednesday but ended off their highs on some profit taking and after a rise in US crude oil inventories added to concerns about a deepening supply glut. The pan-European FTSEurofirst 300 rose 0.42 percent to 1,354.8 points, extendin
Published 14 Jan, 2016 12:00am
Australian shares spring back

Australian shares spring back

Australian shares rose for the first time in nine sessions on Wednesday, snapping the longest losing streak in 5-1/2 years, supported by better-than-expected Chinese trade figures. The S&P/ASX 200 index ended 1.26 percent, or 62.2 points higher, at 4,987.
Published 14 Jan, 2016 12:00am
Southeast Asian markets: Thai index at two-week high
Exchange

Southeast Asian markets: Thai index at two-week high

Most Southeast Asian stock markets rose in line with Asia on Wednesday, with Philippine shares climbing almost three percent on foreign-led buying and the Thai index hitting a two-week high, helped by banking shares. The Philippine composite index ended u
Published 14 Jan, 2016 12:00am
FTSE led higher by commodities stocks
Currency

FTSE led higher by commodities stocks

British shares rose on Wednesday after better than expected trade data from China improved market sentiment, pushing oil and metals prices higher and lifting investors' appetite for shares in mining, oil and gas companies. Data from China overnight showed
Published 14 Jan, 2016 12:00am
Dollar stabilises in Asia
Currency

Dollar stabilises in Asia

The dollar and risk-sensitive currencies recovered ground against the yen and the euro on Wednesday after China's central bank held the yuan steady and better than expected Chinese trade data helped reduce some of bearishness toward the world's second lar
Published 14 Jan, 2016 12:00am
Dollar, risk-sensitive currencies up in Europe
Currency

Dollar, risk-sensitive currencies up in Europe

The dollar and risk-sensitive currencies rose against the yen and euro on Wednesday as the yuan steadied and better than expected Chinese trade data eased some of the pessimism over the world's second-largest economy. The offshore yuan was flat in London
Published 14 Jan, 2016 12:00am
Dollar gains for third day in New York
Exchange

Dollar gains for third day in New York

The dollar rose for a third straight session on Tuesday as gains on Wall Street and calmer financial markets enhanced appetite for currencies that offer higher yield. The euro and the yen, currencies with low interest rates used by investors to fund purch
Published 14 Jan, 2016 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 Wednesday. 78.50-78.50 (previous 78.50-78.50). 03.00-05.00 percent (Previous 03.00-05.00 percent).
Published 14 Jan, 2016 12:00am
Sri Lankan rupee down
Currency

Sri Lankan rupee down

The Sri Lankan rupee ended slightly weaker on Wednesday as importer dollar demand outpaced greenback sales by banks and exporters, dealers said. However, a few dealers anticipate that the rupee will appreciate due to expected dollar deposits from foreign
Published 14 Jan, 2016 12:00am
Emerging Asian currencies up
Currency

Emerging Asian currencies up

Emerging Asian currencies rose on Wednesday thanks to China's stronger-than-expected December trade data and persistent efforts to calm the yuan, even as traders and analysts expected the renminbi to weaken over the long term. China's yuan eased although
Published 14 Jan, 2016 12:00am
Yuan eases marginally
Currency

Yuan eases marginally

China's central bank held the yuan steady at its daily fixing, keeping its foot on the brake to stop a slide in the currency resuming, but the yuan still eased slightly on strong corporate demand. Better than expected December trade data had little direct
Published 14 Jan, 2016 12:00am
Sterling sinks to 5 1/2-year low
Currency

Sterling sinks to 5 1/2-year low

Sterling reached a 5 1/2-year low against the dollar on Wednesday, extending a brutal sell-off that has seen the currency shed almost 6 percent in only a month. The pound plunged by more than 1 percent on Tuesday after data showed British industrial outpu
Published 14 Jan, 2016 12:00am
Aussie, kiwi squeezed higher
Currency

Aussie, kiwi squeezed higher

The Australian and New Zealand dollars regained some ground on Wednesday after better-than-expected Chinese trade helped assuage, at least for now, concerns about the world's second largest economy. The Australian dollar was squeezed 0.6 percent higher to
Published 14 Jan, 2016 12:00am
De Villiers concerned about long-term future

De Villiers concerned about long-term future

New South African captain AB de Villiers said Wednesday he was fully committed to leading the team in the next two Tests against England, but confirmed there was "a bit of truth" in rumours he was considering retirement. De Villiers said that despite the
Published 14 Jan, 2016 12:00am
Lahm slams 'marketing prize' Ballon d'Or

Lahm slams 'marketing prize' Ballon d'Or

Former Germany captain Philipp Lahm has slammed FIFA's Ballon d'Or award for the world player of the year as nothing more than a "marketing prize". The Bayern Munich full-back said the award favoured "the most popular players" over more deserving ones. Ba
Published 14 Jan, 2016 12:00am
Dhoni 'not convinced' by DRS after wrong call

Dhoni 'not convinced' by DRS after wrong call

Skipper Mahendra Singh Dhoni says he remains unconvinced by the merits of the Decision Review System despite India appearing to get a wrong decision in their opening one-day international loss to Australia. India's lack of faith in the use of DRS proved c
Published 14 Jan, 2016 12:00am
Golf tournament begins

Golf tournament begins

Bank Al Habib's 5th Rashid D. Habib National Professional Golf Tournament started on Wednesday, here at Karachi Golf Club, Karsaz with the trials and local Karachi Golf Club categories. 65 professional golfers successfully made up the entry trial session
Published 14 Jan, 2016 12:00am
Sri Lanka skipper pledges action over 'misconduct'
Exchange

Sri Lanka skipper pledges action over 'misconduct'

Sri Lanka skipper Angelo Mathews Wednesday promised "no mercy" for any team mates found guilty of misconduct during a disastrous tour of New Zealand after the sports minister raised allegations of drunken behaviour and squabbling. Dayasiri Jayasekera told
Published 14 Jan, 2016 12:00am
Australia's Big Bash hits the heights

Australia's Big Bash hits the heights

Australia's Twenty20 Big Bash League has finally hit the big time, with enormous crowds, quality cricket and a dash of controversy putting it firmly in the public eye - in what could be a threat to the traditional Test format. Midway through the fifth sea
Published 14 Jan, 2016 12:00am
Dummett denies Man Utd, Lescott ends Villa wait

Dummett denies Man Utd, Lescott ends Villa wait

Paul Dummett's deflected 90th-minute equaliser denied Louis van Gaal's Manchester United a morale-boosting victory as Newcastle United snatched a thrilling 3-3 draw in the Premier League on Tuesday. Wayne Rooney completed a brace with a stunning 79th-minu
Published 14 Jan, 2016 12:00am
FIFA fires ex-Blatter deputy Jerome Valcke

FIFA fires ex-Blatter deputy Jerome Valcke

FIFA on Wednesday said it had fired Sepp Blatter's former right-hand man, Jerome Valcke, the latest casualty in a multi-layered scandal that has brought down the most powerful figures in world football. Valcke was FIFA's secretary general for nearly a dec
Published 14 Jan, 2016 12:00am
Halep reaches Sydney semis

Halep reaches Sydney semis

Romania's Simona Halep fought off big-serving Czech Karolina Pliskova to reach the semi-finals of the Sydney International on Wednesday. The world number two had been tested in two tight previous matches, and Pliskova again made things difficult for Halep
Published 14 Jan, 2016 12:00am
Kuwait sues IOC powerbroker Ahmad over suspension

Kuwait sues IOC powerbroker Ahmad over suspension

Kuwait's government is seeking hundreds of millions of dollars in damages from Sheikh Ahmad Fahad al-Sabah, one of the most powerful men in sport, over the Gulf state's isolation in international sport. The sheikh, a member of the FIFA executive committee
Published 14 Jan, 2016 12:00am
PCB clarifies participation of players in MCL

PCB clarifies participation of players in MCL

Pakistan Cricket Board (PCB) will issue NOCs only to those cricketers who have announced and confirmed their irrevocable resignation and retirement from international cricket on behalf of Pakistan in writing to the board. "Such cricketers will, however, r
Published 14 Jan, 2016 12:00am
PCB lifts one-match ban on Umar Akmal

PCB lifts one-match ban on Umar Akmal

Pakistan Cricket Board (PCB) has lifted one-match suspension of middle order batsman Umar Akmal and he (Umar) will be available for the first Twenty20 international against New Zealand to be staged in Auckland on January 15. Umar Akmal was banned for one
Published 14 Jan, 2016 12:00am
Israeli air raid in Gaza kills one, wounds three

Israeli air raid in Gaza kills one, wounds three

An Israeli air raid on Wednesday in the northern Gaza Strip targeting alleged militants killed one Palestinian and wounded three others, the Israeli army and a Palestinian official said. Israeli aircraft "targeted a terror cell plotting to detonate an exp
Published 14 Jan, 2016 12:00am
Putin claims Russia has developed Ebola vaccine

Putin claims Russia has developed Ebola vaccine

Russian President Vladimir Putin claimed Wednesday his country had developed a vaccine for the Ebola virus which has killed thousands of people in west Africa. But Putin, who is famed for his talent for headline-grabbing announcements, did not give any na
Published 14 Jan, 2016 12:00am
Kuwait passes law tightening online media controls

Kuwait passes law tightening online media controls

Kuwait's parliament on Wednesday passed legislation to regulate all web-based "professional" media, a day after a controversial cybercrimes law came into effect. All forms of electronic media like Internet-based news services, bulletins, publications, new
Published 14 Jan, 2016 12:00am
British EU deal ready early February: diplomat
Currency

British EU deal ready early February: diplomat

A deal on reforms Britain has demanded to stay in the European Union will be put in writing by early February for EU leaders to discuss later that month, a European diplomat said Wednesday. British Prime Minister David Cameron has said he is reasonably co
Published 14 Jan, 2016 12:00am
India grants Italian marine more time at home in shooting case

India grants Italian marine more time at home in shooting case

India's top court Wednesday granted an Italian marine detained over the killing of two fishermen another three months at home on health grounds in the latest chapter of a legal battle that has caused a diplomatic row. Massimiliano Latorre and his fellow m
Published 14 Jan, 2016 12:00am
Seven dead in fire at Algeria beach resort

Seven dead in fire at Algeria beach resort

Seven people died after a fire tore through a tourism complex at a beach resort on the outskirts of the Algerian capital on Wednesday, the civil defence service said. The fire erupted around 2:30 am (0130 GMT) at a bungalow in the Azur complex in the beac
Published 14 Jan, 2016 12:00am
France bans three 'radical' Islamic groups

France bans three 'radical' Islamic groups

France has banned three Islamic associations which ran a mosque in the Paris area that was shut down following November's jihadist attacks on the capital, Interior Minister Bernard Cazeneuve said Wednesday. "There is no place in the French Republic for gr
Published 14 Jan, 2016 12:00am
Spain's divided parliament convenes at time of political turmoil

Spain's divided parliament convenes at time of political turmoil

Spain's parliament held its first session Wednesday, with lawmakers from four main parties taking their seats at a time of political turmoil, intensified by a resurgent secessionist threat in the Catalonia region. Lawmakers picked a Socialist, Patxi Lopez
Published 14 Jan, 2016 12:00am
Dutch police hack into 'uncrackable' Blackberry

Dutch police hack into 'uncrackable' Blackberry

Dutch police confirmed Wednesday they have found a way to hack into messages on Blackberry data-encrypted smartphones, which claim to be the world's most secure communications devices. The news first leaked in December on a Dutch blog Misdaadnieuws.com wh
Published 14 Jan, 2016 12:00am
Fifteen Yemeni civilians killed

Fifteen Yemeni civilians killed

At least 15 Yemeni civilians were killed in an air strike by a Saudi-led military coalition outside the capital, residents said on Wednesday, as prospects for a new round of UN-sponsored talks to end the war in Yemen dimmed. A spokesman for the coalition
Published 14 Jan, 2016 12:00am
12 dead in Cameroon mosque suicide blast

12 dead in Cameroon mosque suicide blast

A suicide bomber killed 12 worshippers Wednesday at a mosque in northern Cameroon, an area regularly targeted by Nigeria's Boko Haram Islamists, officials said. The blast struck the mosque in the village of Kouyape, in Kolofata district north near the Nig
Published 14 Jan, 2016 12:00am
Collectors told to submit customs-related budget proposals

Collectors told to submit customs-related budget proposals

The Federal Board of Revenue (FBR) has directed Collectors of Customs to submit customs-related budget proposals for 2016-17. The FBR has issued instructions to the Collectors of Customs here Wednesday. The FBR has also sought customs' budget proposals fr
Published 14 Jan, 2016 12:00am
VC UVAS opens ITC in Pattoki

VC UVAS opens ITC in Pattoki

The Vice Chancellor of the University of Veterinary and Animal Sciences in Lahore, Professor Doctor Talat Naseer Pasha, on Wednesday opened an Information Technology Centre at the Ravi Campus in Pattoki. This centre is expected to be completed in two year
Published 14 Jan, 2016 12:00am
APTMA demands imposition of 10 percent RD on yarns, fabrics
Cotton

APTMA demands imposition of 10 percent RD on yarns, fabrics

All Pakistan Textile Mills Association (APTMA) has sought imposition of 10 percent regulatory duty on the import of yarns and fabrics to support the domestic trade. Sources told Business Recorder Wednesday that APTMA has sent a written request to m
Published 14 Jan, 2016 12:00am
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