News

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Mon, 27 Feb 2017 20:00:22 GMT

Funds to reinvest $2B in short-term crude futures

Passive investment funds plan to reinvest around $2B from long-term to short-term crude oil futures during the next week amid anticipation of energy market rally.

Mon, 27 Feb 2017 20:00:12 GMT

31,000 refugees migrate to Sudan in 2017

According to the UN refugee agency, more than 31,000 South Sudan's refugees, mainly women and children, intersected the border of Sudan in 2017, amid conflict and famine.

Mon, 27 Feb 2017 19:08:14 GMT

Turkey criticizes Austria's comment on Erdogan's visit

On Monday, Turkey criticized Austrian Foreign Minister amid his comment that Turkish President Erdogan is not welcomed to perform presidential campaign for Austria's Turks.

Mon, 27 Feb 2017 19:06:57 GMT

US pending home sales drop in January

According to NAR, the US pending home sales index inched 2.8% lower to 106.4 in January, compared to 109.5 in December 2016 amid lack of investment in West and Midwest regions.

Mon, 27 Feb 2017 18:27:06 GMT

Buffett purchases 120M shares of Apple, worth $17B

On Monday, Berkshire Hathaway's CEO and chairman Buffett told CNBC that the conglomerate bought around 120M Apple Inc shares in 2017, worth about $17B.

Mon, 27 Feb 2017 18:26:21 GMT

Syria seeks Russia's explanation on ceasefire

In Geneva, at Syria's peace talks the major opposition group desired to meet Russia's envoys to negotiate Moscow's broken promises regarding ceasefire.

Mon, 27 Feb 2017 17:05:49 GMT

Trump to ramp up defense spending

The US President Trump stated that the proposed budget would increase country's defense spending and cut other programs' expenses.

Mon, 27 Feb 2017 17:04:08 GMT

Apple and SAP to issue new tool for businesses

Apple Inc and SAP SE, German software company, will release a new tool on March 30 that would help developers to use iPhone applications for big enterprises. 

Mon, 27 Feb 2017 16:04:17 GMT

DTCC terminates block chain repurchase test

A block chain based technology for settlement of repurchase made by the post trade provider DTCC was successfully completed and deployment of the system will be decided by June.

Mon, 27 Feb 2017 16:03:07 GMT

PIA spokesman denies accusation

On Monday, PIA spokesman negated the report in local newspaper, saying that it was not possible for seven passengers to travel in overbooked plane for three hours.

Mon, 27 Feb 2017 15:28:16 GMT

Seven dead amid jail bus shooting attack

Five prisoners and two prison guards are reported to be killed as a gunman attacked the bus transporting the criminals to a court in Sri Lanka.

Mon, 27 Feb 2017 15:08:56 GMT

PIA aircraft carries seven passengers over maximum allowed

Pakistan International Airlines affirmed the company's aircraft had carried seven extra passengers on the cross-border flight from Karachi to Medina on January 20.

Mon, 27 Feb 2017 14:31:01 GMT

Islamic State to blame for bomb blast in Algeria

According to the AMAQ media agency, the Islamic State assumed responsibility for the foiled bomb blast at the police station in the Constantine city centre on Sunday.

Mon, 27 Feb 2017 14:21:49 GMT

Iraqi forces take over Mosul Bridge

Iraqi forces seized control of the key bridge in the city of Mosul on Monday, as they push forward with their week-old offensive to clear Islamic State militants from the western side of the city.

Mon, 27 Feb 2017 13:24:45 GMT

Warren Buffett buys 120M Apple shares

According to the CNBC, the Berkshire Hathaway CEO Warren Buffett revealed on Monday he bought nearly 120M Apple shares in January 2017.

Mon, 27 Feb 2017 12:58:05 GMT

People missing in Chile as floods hit central region

Three people dead and about 20 are reported to be missing as heavy rainfalls hit the area near the capital of Chile, causing severe and demolishing floods.

Mon, 27 Feb 2017 12:08:32 GMT

Hwang rejects Park bribery probe extension

The South Korea acting leader Hwang Kyo-ahn rejected the prosecutors request to extend the impeached President Park Geun-hye probe and question her in a face-to-face meeting amid the bribery scandal.

Mon, 27 Feb 2017 11:20:55 GMT

European shares in wait-and-see mode ahead of Trump's speech

European equities were little changed on Monday, with investors being in a wait-and-see mode ahead of the long-awaited speech by the US President Donald Trump.

Mon, 27 Feb 2017 11:20:35 GMT

Sterling loses ground on Scottish referendum concerns

The British Pound kicked off the week on a wobble footing amid concerns over the possibility of Scotland holding another independence referendum as soon as next year. 

Mon, 27 Feb 2017 10:25:15 GMT

North Korea ministries to be behind Kim Jong Nam murder

South Korean officials allege all the eight suspects in Kim Jong Nam murder are the members of the North Korea State Ministries, including the officials of the State Security Ministry and the Foreign Ministry.

Mon, 27 Feb 2017 10:10:22 GMT

Five Azeri soldiers die in fight with rival Armenians

According to the Azerbaijani Defence Ministry, five members of the Azerbaijan army dead amid clashes with the Armenian-backed militants in the Nagorno-Karabakh region.

Mon, 27 Feb 2017 09:33:41 GMT

Beatty makes major mistake at Academy Awards

The presenter of the 89th Academy Awards ceremony Warren Beatty made a major gaffe by announcing the musical "La La Land" won the Oscar award for the best picture, when the actual winner was the "Moonlight" movie.

Mon, 27 Feb 2017 09:20:51 GMT

Mardi Gras driver exceeds blood alcohol legal level

According to the local police, a man that drove into a crowd at Mardi Gras parade in New Orleans, injuring more than 25 people, had his blood alcohol level at 0.232, exceeding the limit almost three times.

Mon, 27 Feb 2017 08:26:38 GMT

Netflix & Amazon win first Oscars

The 89th Academy Awards ceremony granted Netflix Inc. and Amazon.com Inc. with the first Oscars for their streaming services, in particular, for the movies "Manchester by the Sea", "The Salesman" presented by Amazon and "The White Helmets" by Netflix.

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