Economy

  Google buys satellite imaging firm for $500 mn

SAN FRANCISCO: Google announced plans Tuesday to buy the satellite group Skybox Imaging for $500 million in a move to improve mapping and other services using geospatial data. "We´ve agreed to acquire Skybox Imaging, and we look forward to welcoming ...

  UK Border Force seizes heroin worth millions

LONDON: Millions of pounds worth of heroin woven into hand-made rugs and carpets was discovered by Border Force officers in a consignment being shipped from Pakistan via Abu Dhabi. Border Force officials became suspicious of the 46-piece consignment ...

  Asia shares mixed, China inflation at four-month high

HONG KONG: Asian markets were mixed on Tuesday as fresh records on Wall Street were offset by profit-taking after recent gains, while Shanghai and Hong Kong brushed off data showing Chinese inflation surging to a four-month high. Tokyo dipped 0.27 pe...

  Oil prices extend gains in Asia

SINGAPORE: Oil prices extended their gains in Asia Tuesday as investors cheered robust economic data from the US, China and Japan, with the breakdown of initial Ukraine-Russia talks to avert a gas cut-off also boosting prices. US benchmark West Texas...

  UBL’s 19.8 pc shares sell-off on cards

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has given a go ahead to the sell-off of United Bank Limited’s (UBL) 19.8 percent shares held by the government of Pakistan. SECP said the government is holding 240 million scrips of U...

  Oil prices up in Asia

SINGAPORE: Oil prices rose in Asian trade Monday, boosted by robust Chinese export data and a solid US jobs report, analysts said. US benchmark, West Texas Intermediate (WTI) for July delivery, gained 11 cents to $102.77 a barrel in mid-morning trade...

  Asia shares rally on upbeat US, Japan, China data

HONG KONG: Asian markets rallied Monday, buoyed by another record close on Wall Street in response to an impressive US jobs report, an upward revision of Japanese economic growth and healthy Chinese export figures. The euro ticked up as the upbeat ou...

  Dollar steady in Asia after solid jobs data

TOKYO: The dollar and euro held steady against the yen in Asia on Monday as confidence was boosted by upbeat US jobs data that suggested a recovery in the world´s number one economy is well on track. The greenback changed hands at 102.49 yen in Tokyo...

  Modi government makes economic revival 'paramount' goal

NEW DELHI: India´s new government pledged Monday to make the revival of the flagging economy its "paramount" target as it laid out its legislative agenda following Prime Minister Narendra Modi´s landslide election victory. In an address to the two ho...

  Tax target of Rs2.81 trn difficult but achievable: post-budget moot

KARACHI: The CPE Committee of the Karachi Tax Bar Association organized a post budget seminar to discuss & deliberate on the possible consequences of the Federal Budget 2014-15. According to a statement issued here today, experts agreed that revenue ...

  Steel prices likely to go up by Rs6,000 per matric tonne: experts

KARACHI: Steep prices are likely to go up by as much as Rs6,000 per matric tonne as a result of imposition of fresh levies on the commodity in the recently announced budget for FY 2014-15. According to construction experts, the cost of production of ...

  Upset over uplift projects, Imran Khan wants to incite conflict: Ahsan Iqbal

LAHORE: Federal Minister for Development and Planning, Ahsan Iqbal Sunday said the decision for the country’s future are not made in public rallies and that PTI Chairman Imran Khan, being irritated over uplift projects of the incumbent government, wa...

  Guddu power plant fire brought under control

QUETTA: The fire which broke out at the Guddu power plant has been brought under control after four hours. Officials said electricity supply to affected areas in Sindh and Balochistan would be restored in 3-4 hours. Electricity supply was suspended t...

  Euro dips in Asia after ECB easing measures

TOKYO: The euro dipped a touch in Asia on Friday after the European Central Bank (ECB) launched unprecedented easing measures to bolster fragile eurozone growth and prevent deflation. The single currency fetched $1.3657 in Tokyo midday trade, compare...

  Crude prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asian trade Friday after the European Central Bank (ECB) announced an unprecedented cut in interest rates, while tensions between Ukraine and Russia look to be easing. US benchmark, West Texas Intermediate (WTI) fo...

  Scotland Yard officers brief Altaf’s lawyers

LONDON: Scotland Yard officers have briefed Muttahida Qaumi Movement (MQM) chief Altaf Hussain's lawyers on the nature of interview questions with regard to the mony-laundering investigation, our correspondent said Friday. Altaf Hussain will shortly ...

  China´s richest man buys star Madrid skyscraper

MADRID: China´s richest man Wang Jianlin has bought a historic Madrid skyscraper which has stood empty for years from Spain´s biggest bank Santander for 265 million euros ($360 million), the bank said Thursday. The 25-story tower of offices and apart...

  Asia shares edged lower ahead of US jobs figures

HONG KONG: Asian shares dipped Thursday as investors brushed off another record close on Wall Street ahead of the release of closely watched US jobs data. The euro also faced further selling pressure owing to expectations the European Central Bank wi...

  Oil prices dip on hopes of Ukraine crisis easing

SINGAPORE: Oil prices dipped in Asia Thursday after Russian President Vladimir Putin held out a hand to crisis-hit Ukraine, raising hopes of an easing in the worst East-West standoff since the Cold War. US benchmark, West Texas Intermediate for deliv...

  Nawaz asks opponents to let govt do its job

ISLAMABAD: Prime Minister Nawaz Sharif on Wednesday said that those who were not willing to work should let him do his job. Taking a dig at Imran Khan’s PTI he said “ how will you run a country when your are not able to run a province”. Addressing a ...


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Feature / Analysis

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Opinion

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  • Exclusive: A US-backed militia runs amok in Afghanistan

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