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Tokyo stocks advance at end of trade, Nikkei 225 gains 193.67pts

TOKYO: Tokyo stocks closed higher Monday as robust U.S. jobs data at the end of last week underscored expectations that the U.S. Federal Reserve will hike its key interest rates this month in a surefire sign the world’s largest economy is back on track. The 225-issue Nikkei Stock Average gained 193.67 points, or 0.99 percent, from Friday to close the ... Read More »

South Korean stocks jump at end of trade, KOSPI down 0.5%

SEOUL: South Korean shares erased early gains to end lower on Monday, as foreigners sold for a fourth straight session. The Korea Composite Stock Price Index (KOSPI) closed down 0.5 per cent at 1,963.67 points. Early in the session, it had shown a gain of 0.7 per cent to peak at 1,988.04 points. Foreigners sold a net 147.7 billion won ... Read More »

SNGPL restores gas supply to Punjab CNG stations

LAHORE: The compressed natural gas (CNG) filling stations have been reopened as the Sui Northern Gas Pipelines Limited (SNGPL) Monday restored gas supply to all the CNG stations in Punjab. According to a spokesman of SNGPL, gas supply to filling stations would continue till further directives in this regard. Meanwhile, All Pakistan CNG Association (APCNGA) has lauded the government for ... Read More »

Punjab govt launches Rs20m scholarships for minority students

LAHORE: The Punjab government has announced to start need-based scholarship scheme for deserving students from minorities living across the province in various categories of education. Punjab Department for Minorities Affairs and Human Rights Punjab launched this scheme with an initial amount of Rs20 million. Under the scheme, minority students obtaining education in government institutions from Matriculation to post-graduate level, including ... Read More »

Pakistan to rise as big economic power in world soon: Kirmani

ISLAMABAD: Pakistan would rise as a big economic power in the world soon, said Special Assistant to Prime Minister for Political Affairs Dr Asif Kirmani. He said that Pakistan is making progress by leaps and bounds under the leadership of Prime Minister Nawaz Sharif and Chief Minister Shehbaz Sharif, adding that the capital city of Pakistan would be made one ... Read More »

NAB to market Int’l Anti-Corruption day on 9th

LAHORE: The National Accountability Bureau (NAB), along with the other world organisations, is marking the International Anti-Corruption day on Dec 9 to create awareness among people. The NAB is organising different events to mark the day. Governments, the private sector, non-governmental organizations, the media and citizens around the world are joining forces to fight this crime, under the banner of ... Read More »

Shipping intelligence report of KPT

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Monday. ALONG SIDE (Bulk Oil Pier): Berth No Ship Working Agent Berthing Date OP-I Formosa Falcon D. Petrol Alpine 04/12/15 OP-II Al Mahboobah D. Chemial GAC 06/12/15 OP-III SC Zhuhai D. Petrol Alpine 05/12/15 ALONG SIDE (East Wharves): 1/2 Ponente ... Read More »

S. Korea’s automobile exports fall 3.5% in Nov

SEOUL:  South Korea’s automobile exports fell in November from a year earlier on weaker demand from emerging markets, the government said Monday. Outbound shipments of vehicles came to 263,687 units last month, down 3.5 percent from a year earlier, according to the Ministry of Trade, Industry and Energy. From the previous month, however, exports were up 5.6 percent. “Exports to the ... Read More »

Malaysia’s halal exports continue to grow in Q2 of 2015

KUALA LUMPUR: Malaysia’s halal exports continue to grow, and this augurs well for the economy as the global halal trade is expected to expand enormously, with the country having the potential to serve as a halal hub. THE contribution of halal products to Malaysia’s economy continues to grow with exports reaching RM19.5bil in the second quarter (Q2) of this year, ... Read More »

Norway exports seafood worth 859,000 mln in Nov 2015

OSLO: Norway exported seafood worth NOK 7.4 billion (USD 859,000 million) in November, representing an increase of 12 per cent compared to the same month in 2014. So far this year, seafood exports have totalled NOK 67.3 billion (USD 7.8 billion), which is 8 per cent more than in the first 11 months last year. ”At the start of December, ... Read More »

Banana may go extinct due to untreatable fungus disease

LONDON: The world’s favorite fruit, the banana, is in trouble as an untreatable fungus disease that has been threatening banana crops in Asia is now spreading to other parts of the world, scientists warn. Fusarium fungus, a soil-borne fungus otherwise known as Panama disease, is threatening banana crops worldwide and may lead to the fruit’s extinction—again. This is not the ... Read More »

Huge young galaxies found surrounded by dark matter

MEXICO: The ALMA Telescope recently spotted a cluster of young but gigantic galaxies being surrounded in dark matter. The researchers with the use of the Atacama Large Millimetes/submillimeter Array (ALMA) clearly captured evidence of star formation releasing high energy in the young galactic cluster, as reported by the Discovery News. These gigantic galaxies are spotted in the area of the ... Read More »

U.S. supply shipment rockets toward ISS

FRANCE: An unmanned Atlas 5 rocket blasted off from Florida on Sunday, sending a long-awaited Orbital ATK cargo ship on its way to the International Space Station for NASA. The Atlas 5, built and flown by United Launch Alliance (ULA), a partnership of Lockheed Martin and Boeing, lifted off from Cape Canaveral Air Force Station at 4:44 p.m. EST (2144 ... Read More »

AmorePacific expects to log over $200m in exports this year

SEOUL: South Korean beauty power house AmorePacific Co. is expected to log over US$200 million in exports this year, for the first time for a local cosmetics producer, on the back of brisk sales in China, according to data and industry officials Monday. AmorePacific exported cosmetics worth $182.52 million in the January-October period, the latest figures available by the Korean ... Read More »

Archaeologists discover cultural heritage of southern Sindh

KARACHI: French Archaeological Mission Dr Aurore Didier has said the Pakistani-French Archaeological Mission aims at carrying out improvements in the chrono-cultural periodisation of southern Sindh. Addressing a 29th public awareness seminar on Archaeological Research on the Indus Civilisation in Southern Pakistan – Contribution of the Pakistani-French Mission (1958-2015), he said, “Almost a century of archaeological field research in Pakistan has ... Read More »

Space probe launched to detect for gravity waves

MEXICO: A space probe designed to detect gravity waves in space-time, predicted 100 years ago by Albert Einstein in his general theory of relativity, has been successfully launched into orbit. The European Space Agency’s Pathfinder spacecraft was launched from Kourou in French Guiana just one day after the 100th anniversary of Einstein’s groundbreaking theory being published. Scientists had hoped to ... Read More »

New Horizons send first of the best Pluto’s images

EUROPE: NASA’s New Horizons spacecraft has sent back the first in a series of the sharpest views of Pluto it obtained during its July flyby – and the best close-ups of Pluto that humans may see for decades. Each week the piano-sized New Horizons spacecraft transmits data stored on its digital recorders from its flight through the Pluto system on ... Read More »

Astronomers discovered a nest of monstrous baby galaxies 11.5m light years away

HARROW: Astronomers discovered a nest of monstrous baby galaxies 11.5 billion light-years away using the Atacama Large Millimeter/submillimeter Array (ALMA). The young galaxies seem to reside at the junction of gigantic filaments in a web of dark matter. These findings are important for understanding how monstrous galaxies like these are formed and how they evolve in to huge elliptical galaxies. ... Read More »

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