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Japan stocks fall for 2nd day by break, Topix dips 0.7pc

TOKYO: Japanese stocks fell for a second day, extending a global equities slump spurred by a rout in commodities. Insurers led declines, while consumer lenders gained. The Topix index dropped 0.7 percent to 1,558 as of 12:56 p.m. in Tokyo, headed for its lowest closing level in a month. The Nikkei 225 Stock Average tumbled 0.9 percent to 19,319. Global ... Read More »

Asif seeks Danish investment for energy sector

ISLAMABAD: Federal Minister for Water & Power Khawaja Asif has called on Danish Ministry of Foreign Affairs Political Director Jesper Moller Sorensen along with Charge d’Affaires Helle Nielsen and Commercial Counsellor Assar Qureshi and discussed energy projects with them. During the meeting, the minister pointed out ways to attract more international investments to Pakistan, especially within wind energy. Pakistan and ... Read More »

China stocks jump by mid session, Shanghai Comosite hikes 0.7pc

BEIJING: China stocks have climbed, led by property and resources shares, amid signs that insurers are scrambling for stakes in real estate majors and Beijing is accelerating consolidation among metal producers. Hong Kong stocks sagged, however, pulled down by sluggish global markets and investor caution ahead of an expected US rate hike next week. China’s blue-chip CSI300 index rose 0.8 ... Read More »

Italian exports to Ghana increase 30% in first 8 months of 2015

ROME: Italian exports to Ghana increased by 30 percent in the first eight months of 2015, compared to the same period last year, Italy’s Vice Minister, Ministry of Economic Development, Carlo Calenda has said. “In 2014, Italian exports to Ghana amounted to 160 million euros. “In the first eight months of 2015, these grew by 30 percent over the previous ... Read More »

Dy Commissioner-IR Saira made OSD

ISLAMABAD: Saira Bano, a BS-18 officer of Inland Revenue Service, has been is made OSD with immediate effect and until further orders. Saira was presently posted as Deputy Commissioner-IR, Regional Tax Office-II, Lahore. Read More »

South Korean won trades 2-month low

SEOUL: South Korea’s won traded near a two-month low as traders await signals from the Bank of Korea on next year’s monetary policy outlook amid the prospect of higher U.S. interest rates. Financial regulators met Wednesday to review markets before a Federal Reserve policy meeting next week, at which futures contracts show a 80 percent probability of an increase in ... Read More »

Customs Appraiser, Dy Superintendent retiring this month

ISLAMABAD: Two Pakistan Customs Service officers of BS-16 are going to retire from the government service on attaining the age of superannuation. Saeed Dawood, presently posted as Appraiser, Model Customs Collectorate of Appraisement (East), Karachi, will stand retired with effect from Dec 29, 2015. Khalid Mahmood, presently posted as Deputy Superintendent, Model Customs Collectorate, Islamabad, will stand retired with effect ... Read More »

India’s total merchandise export for 2014 valued at $321 bln

NEW DELHI: India’s total merchandise export for 2014 was valued at $321 billion against $314 billion in the previous year, a UNCTAD report on Tuesday said. The report said international service exports accounted for 21 per cent of the total global exports (valued at just over $5 trillion) in 2014, a growth of almost 5 per cent over the previous ... Read More »

India’s export of IT services grow 14.8% in 2014-15

MUMBAI: India’s total export of IT, ITeS and BPO services grew 14.8 per cent to $82 billion (Rs 5.01 lakh crore) in 2014-15, RBI data showed today. “India’s total export of computer services and ITeS/BPO services (excluding commercial presence) during 2014-15 is estimated at Rs 5,014 billion ($82 billion), registering 14.8 per cent growth in USD terms over the previous ... Read More »

Chian’s yuan falls to its weakest level in over 4 years

BEIJING: China guided the yuan to its weakest level in more than four years as the country deals with currency outflows and a slowing economy while trying to loosen its grip on the exchange rate. Investors have expected the yuan to weaken as Beijing works to boost an economy hurt by a relatively strong currency. Beijing is also bowing to ... Read More »

Life could exist in two places at same time

PARIS: More than 1,900 exoplanets or alien planets are present around other stars. Now, a new research has claimed that these alien planets can help each other in their existence. The researchers said that alien planets present close to each other around the same parent star can help each other when it comes to supporting life, creating ‘multihabitable systems’. The ... Read More »

Saturn’s largest moon Titan glows green

HARROW: A new composite image of Saturn’s largest moon Titan shows the cosmic body in all its hazy glory as seen by the Cassini spacecraft exploring the ringed planet and its moons. Cassini captured the wide view of the world in infrared during a flyby of the moon on Nov. 13. “During this Titan flyby, the spacecraft’s closest-approach altitude was ... Read More »

China’s producer prices drop 0.5% in Nov

BEIJING: China’s producer prices fell for the 45th straight month but at a narrower rate against market expectation, data from the National Bureau of Statistics showed on Wednesday. The producer price index (PPI), a measure of costs for goods at the factory gate, dropped 5.9 percent year on year, and the decline was slightly less than the 6-percent market forecast ... Read More »

Laser-armed spy camera can see around corners

HONG KONG: Now there’s no safe place to hide – even in seemingly blind corners. Through the help of lasers, cameras can now track moving things hidden around corners and, in the future, assist drivers in working their vehicles around bends to prevent colliding with other motorists and even pedestrians. Laser scanners capture three-dimensional images of objects, bouncing light pulses ... Read More »

China’s gold holdings continue rise to 1,743.35 tons in Nov

BEIJING: China increased its gold holdings for the fifth consecutive month in November, the fastest growth rate since June, to back a stronger currency in the global financial system, according to central bank data on Tuesday. The country’s total foreign exchange reserves, however, shrank by $87 billion last month, the biggest fall since August’s record-high monthly drop of $93.9 billion. ... Read More »

Govt taking measures to enhance export, says Dar

ISLAMABAD: Federal Finance Minister Ishaq Dar has said that the government is taking measures to facilitate business community and increase exports. He said this while chairing the Monetary and Fiscal Policies Coordination Board meeting. The officials from Commerce Ministry briefed the meeting about imports and exports trends. It was informed that the decline in exports is mostly due to adverse ... Read More »

China estimates $62bn added value in sports industry in 2015

BEIJING: China’s sports industry is expected to account for 0.7 percent of the GDP with an added value of 400 billion yuan ($62 billion) in 2015, a senior sports official said here on Tuesday. “According to current situation, it is expected that by the end of 2015 the sports industry will basically realize the goal set by ’12th Five-Year Plan’, ... Read More »

Eskom loses 220MW of electricity imports from Mozambique

WASHINGTON: Eskom has lost approximately 220MW of electricity imports from Mozambique because of a technical fault on one of the eight converters at Apollo substation in Midrand. The loss of power imports has constrained the power system even further. Eskom said the incident heightened the risk of loadshedding. However, Eskom said its programme to conduct scheduled maintenance on its fleet ... Read More »

Malaysia’s STING nabs 7 with 214 bottles of ganja vape

KUALA LUMPUR: Some 214 bottles of ganja vape were seized following raids in Banting and Ampang. Seven syndicate members were also detained in the operation conducted by the Special Tactical Intel­ligence Narcotics Group (STING). It is learnt that the ganja-flavoured vape liquids were seized from a house in Bandar Mahkota, Banting, and a condominium in Ampang on Monday. STING personnel ... Read More »

US dollar trade in upper 122 yen in early trade

LONDON: The U.S. dollar traded in the upper 122 yen range early Wednesday in Tokyo, little changed from its levels overnight in New York. At 9 a.m., the dollar fetched 122.92-93 yen compared with 122.87-97 yen in New York and 123.10-11 yen in Tokyo at 5 p.m. Tuesday. Read More »