Last update: Sat, 25 Feb 2017 12am

Business & Finance

Shaking off dieselgate, VW races back into profit

2017-02-24 18:51:36

WOLFSBURG: German auto giant Volkswagen on Friday said it raced back into the black in 2016 as car sales hit an all-time high, in the latest sign of its "dieselgate" scandal fading into the rearview mirror.VW reported a net profit of 5.1 billion euro


Standard Chartered reports profit of $409mn

2017-02-24 11:35:41

HONG KONG: Asia-focused bank Standard Chartered on Friday announced it swung back to profitability, after it was able dampen the effect of bad loans.Chief executive Bill Winters described the results as "good progress", but said the figures were stil


German-US bond yield gap widest since dawn of millennium

2017-02-22 13:46:00

LONDON: The gap between short-dated German and US government bond yields stood at its widest in nearly 17 years on Wednesday as the former fell to record lows and the latter nudged up in anticipation of rate increase signals.German two-year yields dr



Combative Trump declares: 'Now is the time for action'

2017-02-24 18:21:21

OXON HILL: US President Donald Trump rallied his loyal supporters with a stridently populist and security-dominated message Friday, declaring the start of a new political era of action."The era of empty talk is over. It's over. Now is the time fo


Brazil graft scandal to mushroom abroad, prosecutor says

2017-02-21 07:07:11

BRASLIA: A vast corruption scheme that started in Brazil but morphed into a giant international scandal is about to spread even further, a top prosecutor warned Monday.Brazil-based Odebrecht, one of the region's biggest construction companies, wa


Labour beats UKIP to win by-election in Brexit bastion

2017-02-24 07:49:33

LONDON: Britain's Labour party on Friday beat UKIP to win a by-election in the Brexit bastion of Stoke-on-Trent, holding onto its seat while awaiting the results of a second battle against the ruling Conservatives.Labour's Gareth Snell won th



NAB arrests Deputy Drugs Controller in drugs corruption case

2017-02-24 18:18:52

ISLAMABAD: National Accountability Bureau (NAB) Rawalpindi arrested Ayaz Ali Khan s/o Muhammad Ali Khan, Deputy Drugs Controller, Health Department, Punjab, presently on deportation as Chief Operating Officer, Pakistan Drugs Testing and Research Cent


OGRA conduct hearings to determine LPG prices

2017-02-24 16:00:33

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) conducted hearings of parties including Pakistan Petroleum Limited and Gold Gas, in order to assess the reasonability of Liquefied Petroleum Gas (LPG) prices.OGRA held the hearings while keeping in v


Bank Alfalah posts profit after tax of Rs. 7.9 Bn with EPS of Rs. 4.96

2017-02-24 16:13:45

KARACHI: Bank Alfalah has announced its financial results for the year ended 31 December 2016, with the Bank registering Profit after tax of Rs. 7.9 Billion in December 2016 as against Rs. 7.5 Billion in December 2015, improving by 5 percent.A statem



PSL II: Quetta Gladiators to field first against Islamabad United

2017-02-24 15:49:51

DUBAI: Quetta Gladiators won the toss and elected to field first against Islamabad United in 17th match of the ongoing edition of Pakistan Super League II.Its the 7th match of both the teams. Quetta Gladiators has won 4 out of 6 matches and has been


Football: 'Yesterday my dream died', says axed Ranieri

2017-02-24 18:50:02

LONDON: Claudio Ranieri said on Friday he had dreamt of staying at Leicester City "for always" before being ruthlessly sacked as manager of the troubled champions.Ranieri was stunningly dismissed by Leicester's Thai owners on Thursday, less than


Tennis: Dubai loss ends Kerber number one dream

2017-02-24 18:36:30

DUBAI: Angelique Kerber lost the chance to return to the top of the WTA rankings, after losing 6-3, 7-6 (7/3) to Elina Svitolina on Friday in the Dubai Tennis Championships semi-finals.Had Kerber won the tournament, she would have retaken the world n



Pictures; Ayesha Takia is almost unrecognizable now

2017-02-24 06:44:42

Bollywood actress Ayesha Takia, who was out of sight for the last 6-7 years, is now back to B-town. The Wanted actress was recently spotted at the launch event and fans cant really recognize her. Takia has gone through such intense change in her appe


Bollywood misses Fawad Khan

2017-02-24 11:48:29

Pakistani heartthrob Fawad Khan might not be able to work again in India due to political tension between the two countries. However, Bollywood film fraternity and Indian fans can't get over him. Fawad Khan, within very short span of time has man


Website launched to promote amateurs photographers in Pakistan

2017-02-23 10:16:17

ISLAMABAD: Pakistan has been named in the list of countries which are providing Stock Photography in the world paving way for Pakistani photographers to earn good name for the country as well as them to make personal financial gain for their good wor



Wall Street opens lower, pausing rally

2017-02-24 15:56:01

NEW YORK: Wall Street opened lower Friday, taking a break from the steady rally of the past three weeks, amid a generally cautious move in global markets. Twenty minutes into trading, the Dow Jones Industrial Average gave up 0.2 percent to 20,762.46,


Sri Lankan rupee ends firmer as exporters sell dollar

2017-02-23 14:01:02

COLOMBO: The Sri Lankan rupee ended firmer on Thursday as exporters sold the US dollar, but concerns over possible further depreciation in the domestic currency in the absence of central bank guidance weighed on the sentiment, dealers said.Rupee forw


Average yields rise on Egyptian six-month and one-year T-bills

2017-02-23 12:38:40

CAIRO: Average yields on Egyptian six-month and one-year Treasury bills rose at an auction on Thursday, data from the central bank showed.The yield on 182-day Treasury bills rose to 19.826 percent from 18.829 percent at the previous auction.The yield