Economy

  Thief gets away with 140,000 pounds of nuts

ESCALON: Authorities in California are trying to crack the case of a nut thief who made off with 140,000 pounds of walnuts. The theft, estimated at nearly $400,000, occurred in the small Central Valley town of Escalon. Investigators say it wa...

  Imran says corruption complaints received against KP ministers’

PESHAWAR: Pakistan Tehreek-e-Insaf (PTI) chairman, Imran Khan said Friday that he had received complaints of some minister in Khyber Pakhtunkhwa (KP) being involved in corruption.   Khan directed KP Chief Minister Pervez Khattak to investigate an...

  Foreign buying kicks in 147 points for KSE-100 Index

KARACHI: The foreign bulls Friday gave a needed thrust to the country’s apex bourse topping it with more than 146 points amid ongoing consolidation.   The benchmark 100-Index of Karachi Stock Exchange (KSE) was up 0.63 percent to close at 23,367...

  IMF warns Pakistan on foreign exchange reserves

ISLAMABAD: The International Monetary Fund said Friday that Pakistan was "broadly on track" with reforms tied to a $6.7 billion loan package, but warned it must act to rebuild foreign exchange reserves. The Washington-based lender agreed the th...

  Asian shares slip after US growth data

HONG KONG: Asian markets sank on Friday, following losses on Wall Street, after better-than-expected US growth data fed speculation the Federal Reserve will roll back its stimulus programme soon. The euro was flat after another sell-off late Th...

  Euro falls further in Asia after ECB rate cut

TOKYO: The euro faced selling pressure against the dollar on Friday after plunging in New York in response to the European Central Bank's surprise decision to cut interest rates and warn of a long period of low inflation. The dollar managed to...

  Oil prices higher in Asian trade

SINGAPORE: Oil prices rose in Asian trade Friday but faced downward pressure from easing supply concerns as well as speculation the US Federal Reserve may begin to taper its stimulus programme soon, analysts said. New York's main contract West...

  Copy of Napoleons will fetches $480,000 at Paris auction

PARIS: A copy of Napoleon Bonapartes will, drawn up in 1821 when the former French emperor was living in exile, has been sold at auction for 357,000 euros ($480,000). The item went under the hammer at the Drouot auction house in Paris on Wedne...

  Asia’s billionaire club grows in 2013: report

HONG KONG: Asia has recorded the largest increase in its billionaires club in the world with 18 new billionaires in 2013, making it the fastest-growing region, a report says. According to the Wealth-X and UBS Billionaire Census 2013, Asia saw t...

  Six Tanzanians die in land clashes: police

ARUSHA: Six people were killed and eight others wounded in days of clashes between farmers and herders in central Tanzania, police said Thursday. "It started when a group of farmers took some cows, claiming that they had destroyed their crops,...

  Euro dips ahead of ECB rate decision

TOKYO: The euro edged lower in Asia Thursday ahead of a European Central Bank meeting as markets wait to see if policymakers cut rates on the back of worrying deflation data. The European single currency bought $1.3513 and 133.26 yen in midday ...

  Asian shares slip as focus moves to US data

HONG KONG: Asian markets slipped in early trade on Thursday as investors await the release of US data on jobs and economic growth, while the euro held up ahead of a closely watched European Central Bank meeting. Tokyo eased 0.50 percent by the...

  Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asian trade Thursday, with US crude extending its rebound from five-month lows on stronger demand in the world's biggest economy, analysts said. New York's main contract West Texas Intermediate (WTI) for Dece...

  Third navy commander, Malaysian charged in bribery scandal

WASHINGTON: A third US Navy commander and a prominent Malaysian business leader were charged Wednesday in a widening bribery scandal involving prostitutes, luxury travel and multimillion-dollar government contracts, officials said Wednesday. C...

  Dollar hits Rs108 in open market

KARACHI: The rupee value further declined on Wednesday as the dollar hit Rs 108 in the open market, media reported.   According to sources, the greenback witnessed an increase of 20 paisas to hit Rs108 in the open market.   Pakistan has to make a...

  Saudi beheads Pakistani drug trafficker

RIYADH: Saudi authorities beheaded a Pakistani man Wednesday in the eastern Qatif province after he was convicted of drug trafficking in the kingdom, the interior ministry announced. Jaafar Ghulam Ali was "arrested as he was smuggling a large a...

  US unveils $75 million for Palestinian building projects

BETHLEHEM: US Secretary of State John Kerry on Wednesday unveiled $75 million (56 million euros) in new aid to the Palestinians, aimed at building roads, schools and health clinics.   The money adds to $25 million pledged by the United States in ...

  NAB nominates Raja Pervaiz accused in RPP case

ISLAMABAD: The National Accountability Bureau (NAB) has nominated former Prime Minister Raja Perviaz Ashraf as an accused in the Rental Power Projects (RPP) case.   NAB filed a 263 page supplementary reference against Ashraf in an accountability...

  Asian shares slip after Wall St losses, US data

HONG KONG: Asian stocks slipped on Wednesday following broad losses on Wall Street as upbeat US service sector data added to speculation the Federal Reserve will soon start reeling in its stimulus.   The euro eased further after the European Unio...

  Oil prices rise

SINGAPORE: Oil prices rose in Asian trade Wednesday but faced pressure from US demand fears and speculation over the future of the Federal Reserve's stimulus programme, analysts said. New York's main contract West Texas Intermediate (WTI) for D...


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Feature / Analysis

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Opinion

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