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Currency smuggling: Man detained with large sums of money

LAHORE: The personnel of a law enforcement agency foiled smuggling of large sums of foreign currency out of the country, ARY News reported on Wednesday.

Asian shares wobble as China rate cut fails to calm nerves

HONG KONG: Asian shares struggled on Wednesday as investors feared fresh rate cuts in China would not be enough to stabilize its slowing economy or end a collapse in Chinese stocks that is wreaking havoc in global markets.

Greece votes on financial future, government – and maybe euro

ATHENS: In a historic, rushed referendum on Sunday that looks too close to call, indebted Greece is voting whether to accept worsening austerity or back the government's rejection, in a gamble that could see it crash out of the euro.

Dollar extends gains against euro

SINGAPORE: The dollar extended gains against the euro in Asia on Monday ahead of the release of a closely watched report on the US labour market, analysts said.

Dollar hits 12-year euro high before Fed meet, Shanghai jumps

HONG KONG: The dollar hit a 12-year high against the euro Monday, ahead of a closely watched Federal Reserve policy meeting this week, while oil prices fell again as US supplies continued to build.

Euro struggles as Greek debt talks collapse

TOKYO: The euro lost more ground against the dollar in Asia on Tuesday after talks between Greece and its creditors collapsed, fanning fears that the country will tumble out of the eurozone.

Euro gains ahead of Greek debt talks

TOKYO: The euro edged up against the dollar in Asia on Monday ahead of key talks between Greece and its international creditors aimed at hashing out a last-minute debt deal.

Euro maintains gains, Asia stocks advance

Hong Kong: The euro extended its gains against the dollar Tuesday while Asian equities climbed on hopes Greece's new government will be able to negotiate a bailout deal with the EU and IMF that will avoid it leaving the eurozone.

Euro, stocks slip as Greece set to reject austerity

TOKYO: The euro skidded to an 11-year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.

Anti-austerity Syriza storms to historic Greek victory

ATHENS: Radical left party Syriza swept to power in Greece on Sunday promising to end years of painful austerity policies, in an election victory that puts the country on a collision course with the EU and international creditors.

Euro starts new year at new lows, oil tries to bounce

SYDNEY: The euro started the new year at 29-month lows in Asia after the head of the European Central Bank fanned expectations it would take bolder steps on stimulus this month, underlining the U.S. dollar's rate advantage.

Dollar ends strong year vs euro, yen

NEW YORK: The dollar strengthened Wednesday, capping a powerful year of gains against other major currencies as the US economy proved to be a bright spot in a dimming global economy.

IMF approves 1-bn-euro stand-by loan for Serbia

BELGRADE: The International Monetary Fund (IMF) said Thursday it had approved a new stand-by loan for Serbia worth around one billion euros ($1.25 billion) to help it achieve economic reforms.

After hard bargaining, EU set for deal on new leadership

BRUSSELS: European Union leaders are set to end weeks of wrangling over top jobs in Brussels and agree on Saturday on who will fill key posts in EU institutions that face major challenges from a combative Russia and a stuttering economy.

Les Blues: The French Surprise  

In football, France has mostly seen success in the 90s and 2000. They were one of the only four European teams to play the...

Prodigious passing Spaniards

Known for their passing gameplay, Spain has been labelled by the critics as one of the best ever footballing sides right now. The Spanish side...
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