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  • US defence bill pledges $900m to Pakistan

    US defence bill pledges $900m to Pakistan  

    The US House of Representative has passed a defence bill that pledges USD 900 million in economic and other assistance to Pakistan, a significant portion of which is dependent of a Pentagon certification that the country is taking...

    03 Dec 2016, 12.04 pm  |  Source: PTI

  • Heart of Asia conference begins with focus on tackling terror

    Heart of Asia conference begins with focus on tackling terror  

    As Afghanistan faces the resurgence of Taliban, a conference of major regional and global powers began today in this holy city to explore ways to effectively deal with threat of terrorism in the region, its complex security matrix...

    03 Dec 2016, 12.04 pm  |  Source: PTI

  • From Pak to Taiwan,Trump`s phone calls upsetting diplomacy:NYT

    From Pak to Taiwan,Trump's phone calls upsetting diplomacy:NYT  

    US President-elect Donald Trump's call to Prime Minister Nawaz Sharif could "upset the delicate balance" of India-Pakistan ties, the New York Times said as it sounded a critical tone of him breaking decades of diplomatic practice ...

    03 Dec 2016, 11.54 am  |  Source: PTI

  • Obama bars China`s Fujian from buying Aixtron`s U.S. business

    Obama bars China's Fujian from buying Aixtron's U.S. business  

    President Barack Obama blocked a Chinese investment fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron because the deal posed a risk to American national security, the Treasury Department said on...

    03 Dec 2016, 10.34 am  |  Source: Reuters

  • Trump speaks to Taiwan president, risks rift with China

    Trump speaks to Taiwan president, risks rift with China  

    Breaking decades of US diplomatic policy, President-elect Donald Trump spoke to Taiwanese President Tsai Ing-wen and discussed various issues, a move which could infuriate China.

    03 Dec 2016, 9.58 am  |  Source: PTI

  • Trump unlikely to push back against Pak: US Congressman

    Trump unlikely to push back against Pak: US Congressman  

    In reference to Donald Trump's conversation with Prime Minister Nawaz Sharif, an influential US Congressman has said that the President-elect is unlikely to push back against Pakistan after he takes office.

    03 Dec 2016, 9.58 am  |  Source: PTI

  • Bolt says 200-meter world record now likely beyond him

    Bolt says 200-meter world record now likely beyond him  

    Usain Bolt again said he doesn't plan to run the 200 meters in his final season, realizing that his world record of 19.19 seconds is now likely beyond him.

    03 Dec 2016, 9.58 am  |  Source: PTI

  • Bodies of Colombia plane crash victims flown home

    Bodies of Colombia plane crash victims flown home  

    The bodies of the 71 victims killed in a plane crash in Colombia that wiped out a Brazilian football team returned home, as mourners prepared a massive funeral.

    03 Dec 2016, 9.58 am  |  Source: PTI

  • UK`s Supreme Court set for highly-charged Brexit case

    UK's Supreme Court set for highly-charged Brexit case  

    Britain's Supreme Court will Monday begin hearing the government's appeal against a ruling it must obtain parliamentary approval before triggering Brexit, in a constitutional showdown that has further inflamed political tensions.

    03 Dec 2016, 9.58 am  |  Source: PTI

  • Russian central bank said it was victim of attempted cyber heist

    Russian central bank said it was victim of attempted cyber heist  

    The bank said it managed to recover some of that amount - USD26 million -- but it did not say if that meant the rest had been stolen.

    02 Dec 2016, 9.46 pm  |  Source: Reuters

  • Bank of England`s Haldane warns against hasty rate hike

    Bank of England's Haldane warns against hasty rate hike  

    The Bank of England's chief economist, Andrew Haldane, said on Friday it would be risky to raise interest rates too hastily and that he was comfortable with the BoE's recent shift to a neutral stance on what its next monetary poli...

    02 Dec 2016, 9.44 pm  |  Source: Reuters

  • Japan Q3 GDP seen revised up on increased capital spending

    Japan Q3 GDP seen revised up on increased capital spending  

    The Japanese economy, the world's third-largest, was thought likely to expand an annualised 2.4 percent in July-September versus 2.2 percent annualised growth seen in a preliminary reading, the poll of 16 economists found.

    02 Dec 2016, 8.07 pm  |  Source: Reuters

  • McDonald`s sells Singapore, Malaysian franchise to Saudi group

    McDonald's sells Singapore, Malaysian franchise to Saudi group  

    The fast-food chain said it transferred its ownership interest in 390 restaurants, more than 80 percent of which were company-owned, on Dec. 1 to Lionhorn.

    02 Dec 2016, 8.06 pm  |  Source: Reuters

  • Singapore Nov factory activity shows meagre growth: SIPMM PMI

    Singapore Nov factory activity shows meagre growth: SIPMM PMI  

    The Singapore Institute of Purchasing & Materials Management's Purchasing Managers' Index (PMI) rose to 50.2 from October's 50.0. A reading below 50 suggests contraction, while one above that level points to expansion.

    02 Dec 2016, 8.04 pm  |  Source: Reuters

  • US payrolls rise solidly; jobless rate at 9-year low

    US payrolls rise solidly; jobless rate at 9-year low  

    Nonfarm payrolls increased by 178,000 jobs last month, the Labor Department said on Friday. The solid gains in employment likely reflect rising confidence in the economy.

    02 Dec 2016, 8.03 pm  |  Source: Reuters

  • Former Yara CEO Thorleif Enger acquitted of corruption

    Former Yara CEO Thorleif Enger acquitted of corruption  

    The Borgarting Appeals Court, a regional court in southeast Norway, upheld a guilty verdict on former chief legal officer Kendrick Wallace, an American, while Norwegian Enger was acquitted along with compatriot Tor Holba and Danie...

    02 Dec 2016, 7.12 pm  |  Source: Reuters

  • Sterling makes best run vs euro in 9 mnths as Brexit fears ease

    Sterling makes best run vs euro in 9 mnths as Brexit fears ease  

    LONDON (Reuters) - A stronger sterling looked headed for a fifth consecutive week of gains against the euro on Friday, its best run in nine months, as investors' fears eased that a "hard Brexit" would see Britain lose access to th...

    02 Dec 2016, 7.09 pm  |  Source: Reuters

  • ECB likely to announce 6-mth extension of QE programme next week

    ECB likely to announce 6-mth extension of QE programme next week  

    ECB President Mario Draghi said on Wednesday the bank will look at a combination of policy tools when it meets on December 8 and that ultra-easy monetary policy has given governments in the region time for reforms. Those efforts n...

    02 Dec 2016, 2.48 pm  |  Source: Reuters

  • Global LNG prices hit 2016 high as OPEC agrees oil output cut

    Global LNG prices hit 2016 high as OPEC agrees oil output cut  

    The main price driver was an agreement reached by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil production giant Russia to cut crude output in order to rein in global oversupply that has dogged mark...

    02 Dec 2016, 2.46 pm  |  Source: Reuters

  • Trump warns of consequences for US companies relocating abroad

    Trump warns of consequences for US companies relocating abroad  

    During the presidential campaign, the Republican billionaire had threatened to slap tariffs on firms quit Ameica for places like Mexico, China and India where labour costs are cheaper. It became a repeated refrain of his victoriou...

    02 Dec 2016, 2.36 pm  |  Source: PTI

  • Here`s why Credit Suisse likes EM for investment opportunities

    Here's why Credit Suisse likes EM for investment opportunities  

    "(EMs) have a lower exposure to an export-driven (growth) model than is generally assumed. They have a better, balanced-type of growth model," said Hechler Fayd'herbe, adding a large majority of EM countries have only a third of t...

    02 Dec 2016, 12.07 pm  |  Source: CNBC

  • Twitter changes product head for third time in a year

    Twitter changes product head for third time in a year  

    The micro-blogging service said it has acquired Yes, the maker of apps such as Frenzy and WYD-What you doing, which allows users to connect with their friends.

    02 Dec 2016, 10.45 am  |  Source: Reuters

  • Rolls-Royce to cut 800 jobs in marine business

    Rolls-Royce to cut 800 jobs in marine business  

    The marine sector employs 4,800 people in 34 countries, with Norway the most significant with 1,900 workers. The division designs ships and systems, largely for the oil and gas market.

    02 Dec 2016, 8.26 am  |  Source: PTI

  • Starbucks CEO steps down to focus on high-end coffee,shares fall

    Starbucks CEO steps down to focus on high-end coffee,shares fall   

    Schultz, who will become executive chairman in April 2017, said he would focus on building ultra-premium Reserve stores and showcase Roastery and Tasting Rooms around the world as well as setting the brand's "social impact agenda"...

    02 Dec 2016, 8.14 am  |  Source: Reuters

  • As Trump touts Indiana jobs deal, US factory work seeps overseas

    As Trump touts Indiana jobs deal, US factory work seeps overseas  

    United Technologies Corp's decision to keep half of the 2,100 Indiana jobs it was to shift to Mexico allowed Republican Trump to claim credit after he promised to revive the industrial base of the United States in his populist ele...

    02 Dec 2016, 8.13 am  |  Source: Reuters

  • Fed may face unnerving shake-up under Trump administration

    Fed may face unnerving shake-up under Trump administration  

    Fed officials already say their plan to gradually increase interest rates may need to be accelerated to accommodate the new administration's economic proposals, which could push inflation higher.

    02 Dec 2016, 8.11 am  |  Source: Reuters

  • Johnson & Johnson hit with over $1 bn verdict on hip implants

    Johnson & Johnson hit with over $1 bn verdict on hip implants  

    The jurors found that the metal-on-metal Pinnacle hip implants were defectively designed and that the companies failed to warn consumers about the risks.

    02 Dec 2016, 8.08 am  |  Source: Reuters

  • Mexico`s central bank chief resigns amid Trump turmoil

    Mexico's central bank chief resigns amid Trump turmoil  

    Carstens, who had compared Trump with a maximum Category Five hurricane because of his tough stance toward Mexico, will step down on July 1 next year, the Banco de Mexico said in a statement.

    02 Dec 2016, 7.50 am  |  Source: PTI

  • How Putin, Khamenei and Saudi prince got OPEC deal done

    How Putin, Khamenei and Saudi prince got OPEC deal done  

    Russian President Vladmir Putin played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel's first deal with non-OPEC Russia in 15 years.

    01 Dec 2016, 10.28 pm  |  Source: Reuters

  • Iran welcomes OPEC production cut decision

    Iran welcomes OPEC production cut decision  

    Iran's President Hassan Rouhani is welcoming OPEC deal that cut the oil cartel's output to push up crude prices.

    01 Dec 2016, 6.36 pm  |  Source: PTI

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