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  • France to set up auto plant in Namibia

    March 13, 2018 12:00 AM 12

    Paris: French car giant PSA announced Monday it would start assembling Peugeot and Opel brands in Namibia in the second half of 2018. Under an investment agreement with the Namibian government, PSA -- whose brands also include Citroen, DS and Vauxhall -- will reach output capacity of 5,000 vehicles per year at the plant in the port town of Walvis Bay by 2020, it said in a statement

  • ‘Malaysian banks face risk on loans’

    March 13, 2018 12:00 AM 17

    KUALA LUMPUR: Malaysian banks face risks on their commercial real estate loans in 2018, although their overall asset quality is expected to remain stable on improving macroeconomic conditions and slower formation of new nonperforming loans, Moody's said in a report. The commercial real estate sector in Malaysia was a key concern for potential asset quality

  • India’s retail inflation eases in February

    March 13, 2018 12:00 AM 17

    NEW DELHI: India's retail inflation eased for the second straight month in February but remained above the 4 percent medium-term target of the Reserve Bank of India (RBI), strengthening views it will hold rates steady at its April meeting rather than raise them. The central bank, which has kept rates steady since a 25-basis-point cut in August, is widely

  • JUW starts three journals under Rayazuddin Research and Development Society

    March 13, 2018 12:00 AM 11

    ISLAMABAD: Jinnah University for Women (JUW) Pakistan has the distinction to initiate and start three journals under the umbrella of Rayazuddin Research andDevelopment Society. These three journals are Rads Journal of Pharmacy and Pharmaceutical Sciences (JPPS) Rads Journal of Biological Research and Applied Sciences (JBRASS), Rads Journal of Social

  • Euro gains as risk appetite revives

    March 13, 2018 12:00 AM 15

    LONDON: The euro gained on Monday and the dollar dropped as last week´s strong U.S. jobs numbers and receding fears over a trade war helped a rebound in risk appetite, with higher yielding currencies also performing well. With little crucial economic data due in Europe, traders will focus on a meeting of the euro zone finance ministers on Monday for any comments

  • EU slams trade ‘bullies’ as Trump row deepens

    March 13, 2018 12:00 AM 11

    Brussels: The EU said Europe would not waver against trade "bullies" as a row with US President Donald Trump over controversial steel and aluminium tariffs deepened. The jab from Brussels came after the US tycoon singled out Europe in the surging trade row, threatening to tax German cars if the European Union doesn´t lower barriers to US products. Trump

  • Aramco IPO delayed until 2019: report

    March 13, 2018 12:00 AM 12

    London: The initial public offering of oil giant Saudi Aramco may be delayed until 2019 at the earliest, the Financial Times reported, citing British officials briefed on the matter. The IPO, potentially the largest stock sale ever, had been scheduled for the second half of 2018, amid efforts to select an international venue for its listing. FT on Sunday

  • Sindh faces 32 percent water shortage in Oct-Mar

    March 13, 2018 12:00 AM 11

    ISLAMABAD: The Indus River System Authority (IRSA) said on Monday Punjab faced 31 percent water shortage, Sindh 32 percent, Balochistan 7 percent and Khyber Pakhtunkwa 21 percent during the period October 1, 2017 to March 10, 2018. As per IRSA account report, Punjab utilised 11.9 million acre feet (MAF) water against 17.3 MAF share, Sindh utilised 9.13 MAF against

  • Best Buy chief says turnaround done

    March 11, 2018 12:00 AM 10

    NEW YORK: Best Buy Co Inc has completed a five-year turnaround and is ready to compete with market leader Inc to prove U.S. retail is not a "winner takes all" situation, Chief Executive Hubert Joly told Reuters on Friday. Brick-and-mortar retailers like Best Buy have closed stores and some have gone out of business over the past few years

  • Diversity, inclusion conference held

    March 11, 2018 12:00 AM 7

    KARACHI: HR Metrics-Diversity Hub Pakistan organised an annual diversity and inclusion awards in the country to recognise and encourage D&I progressive organisations, a statement said on Saturday. Participating organisations were provided an opportunity to evaluate their D&I practices as per GDIB standard and provide evidence to the jury for validation