Latest News

RBNZ signals extended interest-rate pause on benign CPI

WELLINGTON: New Zealand’s central bank signaled it will keep interest rates on hold for an extended period as inflation slows and the currency remains unjustifiably high. “A period of assessment remains appropriate before considering further policy adjustment,” Reserve Bank of New Zealand Governor Graeme Wheeler said in Wellington after keeping [...]

Pak forex stands at $ 13.200b

The total liquid foreign reserves of the country stand at dollars 13.200 billion, said State Bank of Pakistan (SBP) on Thursday. According to SBP’s weekly statement here on Thursday, the foreign reserves held by State Bank on Oct 24, amounted dollars 8.56803 billion and the net foreign reserves held by [...]

A tale of female scholar

OUR society is an Islamic society and it is considered that our values are based on the basic principles of Islam in which women are respected but contrary to these claims, I have a different opinion as I have witnessed that women are respected more in the West as compare [...]

The Fed’s $4 trillion bet

THE U.S. Federal Reserve announced today that it will halt the bond-buying program known as quantitative easing — one of the biggest experiments in economic policy ever attempted. The policy was a gamble, and it’s too soon to be sure of the results. Nonetheless, the Fed was right to take [...]

Cost of politics

NOW that the protests are fizzling out, it’s worth asking what exactly they managed to accomplish. I see two major effects. One is a rising arc of indignant oratory that has stoked the basest passions with no clear direction as to remedial action. The other is to produce delays in [...]

Real Madrid cruise to victory in Cup opener

An understrength Real Madrid began their defence of the Copa del Rey with a comfortable 41 win over third-tier UD Cornella in the first leg of their fourth-round tie on Thursday. With World Player of the Year Cristiano Ronaldo among a host of star names given the night off, it [...]

Giants close out Royals to win World Series

The San Francisco Giants beat the Kansas City Royals 3-2 on Wednesday behind a stunning performance by Madison Bumgarner to win their third World Series title in five Major League Baseball seasons. With the win, the Giants completed a 4-3 series win over the Royals in the best-of-seven championship, adding [...]