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Draghi’s deflation warning and the QE obstacle course

Between Mario Draghi and quantitative easing lies an obstacle course.The European Central Bank president’s signal that he’s considering large-scale bond purchases raises the question of how to surmount hurdles from political and legal challenges to conflicts with measures announced just three months ago. For policy makers meeting in Frankfurt this [...]

PM, COAS agree on political, constitutional solution

Prime Minister Nawaz Shairf met with Chief of Army Staff (COAS) General Raheel Sharif here on Monday and discussed the political situation in the country. The prime minister and army chief agreed that there must be a political and constitutional solution to the present political deadlock in the country. During [...]

A century-old lesson in better banking

AT the corner of Orchard and Canal streets in New York’s Lower East Side stands a limestone building with “Jarmulowsky” etched over its doorway. Few now recognize that name, but 100 years ago today, a mob of 5,000 immigrant depositors gathered in front of this bank to protest its closing. [...]

A proper monetary policy

IN several articles in this newspaper, I have criticised the monetary policy announced every other month by the State Bank of Pakistan (SBP). Some readers must be wondering what the contours of a proper monetary policy are, if the SBP is not doing it properly. Before answering that important question [...]

Federer to make Brisbane return

Grand Slam record-holder Roger Federer will return to play next year’s Brisbane International as he warms up for a tilt at his fifth Australian Open title, organisers said Monday. Tournament officials said the 17- time Grand Slam winner, who lost this year’s final to Lleyton Hewitt, would be the major [...]

Imperious Marquez wins 11th race of the season

Runaway world championship leader Marc Marquez made it 11 wins from 12 races this season on Sunday as he won the British MotoGP at Silverstone. The 21-year-old Spanish Honda rider — who on Saturday claimed his 10th pole position of the campaign — prevailed in a stunning duel with compatriot [...]