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Print - 2012-06-17
Power shortfall crosses 8000 megawatts mark

Power shortfall crosses 8000 megawatts mark

New Minister for Water and Power Ahmad Mukhtar, who replaced Naveed Qamar, is said to have failed in giving any considerable relief to loadshedding-hit power consumers as the shortfall has unofficially crossed 8000 MW. However, Ministry of Water and Power
Published 17 Jun, 2012 12:00am
Power shortfall crosses 8000 megawatts mark

Power shortfall crosses 8000 megawatts mark

New Minister for Water and Power Ahmad Mukhtar, who replaced Naveed Qamar, is said to have failed in giving any considerable relief to loadshedding-hit power consumers as the shortfall has unofficially crossed 8000 MW. However, Ministry of Water and Power
Published 17 Jun, 2012 12:00am
Saudi Crown Prince Nayef dies

Saudi Crown Prince Nayef dies

Saudi Arabia's Crown Prince Nayef bin Abdulaziz al-Saud, next in line to rule the world's top oil exporter, has died just eight months after becoming heir to 89-year-old King Abdullah, the royal court said on Saturday. Analysts and former diplomats said t
Published 17 Jun, 2012 12:00am
Saudi Crown Prince Nayef dies

Saudi Crown Prince Nayef dies

Saudi Arabia's Crown Prince Nayef bin Abdulaziz al-Saud, next in line to rule the world's top oil exporter, has died just eight months after becoming heir to 89-year-old King Abdullah, the royal court said on Saturday. Analysts and former diplomats said t
Published 17 Jun, 2012 12:00am
Bombings kill 34

Bombings kill 34

A bomb in a pickup truck killed at least 26 people at a market in Landi Kotal on Saturday and wounded 65, security and hospital officials said, in one of the largest bombing death tolls in weeks. The target in the town of Landi Kotal appeared to be a trib
Published 17 Jun, 2012 12:00am
Bombings kill 34

Bombings kill 34

A bomb in a pickup truck killed at least 26 people at a market in Landi Kotal on Saturday and wounded 65, security and hospital officials said, in one of the largest bombing death tolls in weeks. The target in the town of Landi Kotal appeared to be a trib
Published 17 Jun, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (June 16, 2012) and the forecast for Sunday (June 17, 2012).

Published 17 Jun, 2012 12:00am
Suu Kyi accepts Nobel Peace Prize 21 years late

Suu Kyi accepts Nobel Peace Prize 21 years late

Myanmar opposition leader Aung San Suu Kyi finally accepted her 1991 Nobel Peace Prize in Oslo on Saturday after spending a total of 15 years under house arrest and said full political freedom in her country was still a long way off. "Absolute peace in ou
Published 17 Jun, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Suu Kyi accepts Nobel Peace Prize 21 years late

Suu Kyi accepts Nobel Peace Prize 21 years late

Myanmar opposition leader Aung San Suu Kyi finally accepted her 1991 Nobel Peace Prize in Oslo on Saturday after spending a total of 15 years under house arrest and said full political freedom in her country was still a long way off. "Absolute peace in ou
Published 17 Jun, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
THE RUPEE: bullish sentiment in open-market

THE RUPEE: bullish sentiment in open-market

Bulls dominated the open market on Saturday as the rupee appreciated against dollar and euro, dealers said. The rupee maintained its overnight surge against dollar, picking 20 paisa for buying and selling at 96.00 and 96.30, they said. The rupee also gain
Published 17 Jun, 2012 12:00am
THE RUPEE: bullish sentiment in open-market

THE RUPEE: bullish sentiment in open-market

Bulls dominated the open market on Saturday as the rupee appreciated against dollar and euro, dealers said. The rupee maintained its overnight surge against dollar, picking 20 paisa for buying and selling at 96.00 and 96.30, they said. The rupee also gain
Published 17 Jun, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (June 16, 2012).

Published 17 Jun, 2012 12:00am
Informa raises US corn, soya plantings estimates

Informa raises US corn, soya plantings estimates

Private analytical firm Informa Economics raised its estimate of US 2012 corn plantings to 96.759 million acres (39.2 million hectares), from its previous forecast of 96.124 million, trade sources said Friday. Informa's latest figure is above the US Depar
Published 17 Jun, 2012 12:00am
Oil cake market rates

Oil cake market rates

Divergent trend was seen on the forward cottonseed oilcake market on Friday in process of trading, dealers said. The July vaida closed at Rs 850.40 and commenced with 20 paisa gain at Rs 850.60 the December closed at Rs 849.60 but it opened with a decline
Published 17 Jun, 2012 12:00am
Steady trend on cotton market amid modest trading

Steady trend on cotton market amid modest trading

Modest activity was witnessed on the cotton market on Saturday as mills took interest in good quality following the prediction of monsoon heavy rains and floods in Sindh and Punjab, dealers said. Official spot rate was unchanged at Rs 5,800, they added. I
Published 17 Jun, 2012 12:00am
US wheat futures lower

US wheat futures lower

US wheat futures were lower at the close of pit trade on Friday on risk off liquidation ahead of the weekend elections in Greece. Wheat prices in western Europe were slightly lower on Friday with recent rains boosting the outlook for crops in the region w
Published 17 Jun, 2012 12:00am
China sells soyameal to Vietnam, Malaysia eyes corn

China sells soyameal to Vietnam, Malaysia eyes corn

China sold soyameal cargoes to Vietnam this week at competitive prices, while Malaysian buyers are in the market negotiating prices to take around 100,000 tonnes of corn for September shipment. Feed millers in the Philippines bought 50,000 tonnes of Austr
Published 17 Jun, 2012 12:00am
Canadian canola futures post biggest weekly loss

Canadian canola futures post biggest weekly loss

Canadian canola futures rose on Friday, due to a lack of commercial hedge pressure while trading volumes were relatively light, but posted their biggest weekly loss in five weeks. Lack of farmer selling into cash system kept commercial hedges light -trade
Published 17 Jun, 2012 12:00am
Speculators long stake in soyabeans at one-month high

Speculators long stake in soyabeans at one-month high

Large speculators' long stake in Chicago Board of Trade soyabean futures and options climbed to a one-month high in the wake of a government forecast for stocks of the oilseed to dwindle to a three-week supply by the end of the summer, regulatory data rel
Published 17 Jun, 2012 12:00am
FOB Gulf corn offers hold near highs

FOB Gulf corn offers hold near highs

US corn export premiums at the Gulf Coast held about steady on Friday amid quiet demand and tight old-crop supplies, traders said. Offers for nearby corn shipments were thin as old-crop stocks were difficult to source and exporters unwilling to risk booki
Published 17 Jun, 2012 12:00am
Midwest corn bids weaken

Midwest corn bids weaken

Corn spot basis bids fell at terminals on the Illinois and Mississippi Rivers on softer demand at the US Gulf, but slow farmer sales supported basis bids at elevators and processors around US Midwest on Friday, dealers said. Sales of old-crop corn picked
Published 17 Jun, 2012 12:00am
US corn futures down

US corn futures down

Chicago Board of Trade corn futures were lower at trade on Friday on liquidation ahead of Greece's weekend election and a private forecast for a huge US corn acreage area for 2012. Corn was led lower by profit-taking of the old-crop July/new-crop December
Published 17 Jun, 2012 12:00am
Argentine soya prices fall

Argentine soya prices fall

Soy prices fell to between 1,470 and 1,480 pesos ($327/$329) per tonne, pulled lower for a third straight day by losses in the benchmark Chicago futures market. Thursday's reference price was 1,495 pesos. Nearby soybean futures on the Chicago Board of Tra
Published 17 Jun, 2012 12:00am
EU wheat prices ease as rains aid crop outlook

EU wheat prices ease as rains aid crop outlook

Wheat prices in western Europe were slightly lower on Friday with recent rains boosting the outlook for crops in the region while many traders were reluctant to take substantial positions ahead of elections in Greece. "EU crop estimates have generally see
Published 17 Jun, 2012 12:00am
Easy trend persists on grain market

Easy trend persists on grain market

Prices mostly drifted lower on the wholesale grain market on Saturday in process of retailers' active demand, dealers said. On the grams side grams Australia No 1 low type shed Rs 200 to Rs 7600 and better quality was down by Rs 400 to Rs 7800, grams Aust
Published 17 Jun, 2012 12:00am
Queen officially celebrates birthday with husband at her side

Queen officially celebrates birthday with husband at her side

Britain's Queen Elizabeth II officially celebrated her 86th birthday on Saturday, with her husband Prince Philip back at her side after he was hospitalised during her diamond jubilee festivities. Philip wore the scarlet tunic and heavy bearskin hat befitt
Published 17 Jun, 2012 12:00am
Suicide blast hits Somali base outside capital

Suicide blast hits Somali base outside capital

An al Shabaab suicide bomber rammed a vehicle packed with explosives into the gate of a government base in Afgoye outside the Somali capital on Saturday causing casualties, the police and rebels said. Al Shabaab said its suicide bomber had "killed dozens"
Published 17 Jun, 2012 12:00am
Murdoch pushed Blair on Iraq: former media chief

Murdoch pushed Blair on Iraq: former media chief

Rupert Murdoch took part in an "over-crude" attempt by US Republicans to push Tony Blair into action before the invasion of Iraq, the former British prime minister's ex-media chief claimed Saturday. Alastair Campbell said the News Corporation media baron
Published 17 Jun, 2012 12:00am
Ahmadinejad plans to leave politics when term ends

Ahmadinejad plans to leave politics when term ends

Iranian President Mahmoud Ahmadinejad wants to leave politics after his second term expires in early 2013, he told German newspaper Frankfurter Allgemeine Sonntagszeitung in comments to be published Sunday. "Eight years are enough," Ahmadinejad told the n
Published 17 Jun, 2012 12:00am
Ahmadinejad says ready for 'positive step' at talks

Ahmadinejad says ready for 'positive step' at talks

Iran is ready to make a "positive step" at talks in Moscow on Tehran's disputed nuclear programme, President Mahmoud Ahmadinejad said, adding that he hoped for progress at next week's crucial meeting. Two days of talks between Iran and the five permanent
Published 17 Jun, 2012 12:00am
Secret US military mini-shuttle lands in California

Secret US military mini-shuttle lands in California

The US military's unmanned X-37B robotic space shuttle returned from orbit at 5:48 am in California (1248 GMT)from a secretive 15-month test flight, Air Force officials said on Saturday. The miniature space plane, also known as Orbital Test Vehicle-2, or
Published 17 Jun, 2012 12:00am
Bomb damages tax office in southern Italy

Bomb damages tax office in southern Italy

A home-made bomb exploded in front of the main tax collection office of a southern Italian town on Saturday, police said, the latest in a string of attacks against tax authorities in the country. The overnight explosion in Lamezia Terme caused no injuries
Published 17 Jun, 2012 12:00am
Gunmen smash Marxist meet in Sri Lanka

Gunmen smash Marxist meet in Sri Lanka

Heavily armed gunmen broke up a rally of the main Marxist party in Sri Lanka, killing two people and wounding several others, police and a party official said Saturday. Gunmen on motorcycles stormed a public meeting organised by the JVP, or People's Liber
Published 17 Jun, 2012 12:00am
Hurricane Carlotta kills two in Mexico

Hurricane Carlotta kills two in Mexico

Two girls were killed when their house collapsed in south-western Mexico in a mudslide under heavy rains unleashed by Hurricane Carlotta, local officials said Saturday. The two sisters - aged seven and 13 - died in Oaxaca, after Carlotta made landfall lat
Published 17 Jun, 2012 12:00am
WWII graves desecrated again in Libya

WWII graves desecrated again in Libya

Headstones on World War II military graves in Libya's eastern city of Benghazi have again been desecrated in the second such attack in four months, local officials said on Saturday. "On Thursday, Christian graves were desecrated for a second time in Bengh
Published 17 Jun, 2012 12:00am
Philippines pulls vessels from disputed shoal

Philippines pulls vessels from disputed shoal

Philippine President Benigno Aquino has ordered home its two ships engaged in a maritime stand-off with China over a disputed shoal, citing bad weather, the government said Saturday. Aquino ordered a coast guard patrol vessel and a fisheries bureau survey
Published 17 Jun, 2012 12:00am
UEFA takes action against Croatia for racism

UEFA takes action against Croatia for racism

UEFA on Saturday said it was taking action against the Croatian football federation for racism, after witnesses said they heard Croat supporters taunting Italy's Mario Balotelli and a banana was found on the pitch during Thursday's Euro 2012 Group C clash
Published 17 Jun, 2012 12:00am
Balotelli limps out of Italy training

Balotelli limps out of Italy training

Errant and talented forward Mario Balotelli limped out of Italy training on Saturday with a knee problem. The Manchester City striker will be assessed by the Azzurri medical staff on Sunday to see if he can play in Italy's final Euro 2012 Group C clash wi
Published 17 Jun, 2012 12:00am
France whip up a storm; England eliminate Swedes

France whip up a storm; England eliminate Swedes

France put six years of finals misery behind them on Friday to beat Euro 2012 co-hosts Ukraine 2-0 in their Group D clash and record their first victory at a major tournament since the 2006 World Cup, where they finished runners-up.
Published 17 Jun, 2012 12:00am
Sri Lanka beat Pakistan in fourth ODI

Sri Lanka beat Pakistan in fourth ODI

Sri Lanka defeated Pakistan by 44 runs in the fourth One-day international in Colombo on Saturday to gain a 2-1 lead in the five-match series. Seamer Thisara Perera (4-42) bagged a hat-trick as Sri Lanka, who scored 243-8, bowled Pakistan out for 199 desp
Published 17 Jun, 2012 12:00am
Bento rails at Ronaldo critics

Bento rails at Ronaldo critics

Portugal coach Paulo Bento turned his ire on critics of misfiring captain Cristiano Ronaldo on Saturday, the day before his side's crucial final Euro 2012 Group D match with the Netherlands. Portugal staked a claim for a quarter-final place with a 3-2 win
Published 17 Jun, 2012 12:00am
Woods set fair for US Open test

Woods set fair for US Open test

Tiger Woods said that humility and dogged determination would be key to victory at the US Open this weekend over the exacting Olympic Club Lake Course. The 36-year-old world superstar was the joint leader going into Saturday's third round having "plodded
Published 17 Jun, 2012 12:00am
Federer to face Haas in Halle final

Federer to face Haas in Halle final

Roger Federer will face Germany's Tommy Haas in the final of the ATP grass-court tournament here after both won their semi-finals on Saturday. Federer is through to the Halle final for the seventh time after a 6-1, 6-4 victory against unseeded Russian Mik
Published 17 Jun, 2012 12:00am
Bell helps England win

Bell helps England win

Ian Bell marked his return to England's One-day side with a stylish century as they beat the West Indies by 114 runs under the Duckworth/Lewis method in their series opener Saturday. Man-of-the-match Bell, filling the opener's spot vacated by Kevin Pieter
Published 17 Jun, 2012 12:00am
Big investors on sidelines in Facebook case

Big investors on sidelines in Facebook case

On Friday, Facebook Inc and its underwriters offered some clues about how they intend to defend the more than 40 suits filed so far in state and federal court that accuse them of deceiving investors in their initial public offering. From a brief asking th
Published 17 Jun, 2012 12:00am
Big investors on sidelines in Facebook case

Big investors on sidelines in Facebook case

On Friday, Facebook Inc and its underwriters offered some clues about how they intend to defend the more than 40 suits filed so far in state and federal court that accuse them of deceiving investors in their initial public offering. From a brief asking th
Published 17 Jun, 2012 12:00am
Sri Lankan bourse gains

Sri Lankan bourse gains

Sri Lankan shares rose on Friday as investors snapped up bluechip companies, helping the main index recover. The Colombo Stock Exchange's main index closed 1.4 percent or 68.19 points firmer to end at 4,991.21, its highest since May 25. "The market has fa
Published 17 Jun, 2012 12:00am
ADR report: bank stocks gain ahead of Greek election

ADR report: bank stocks gain ahead of Greek election

US-listed shares of overseas companies rallied on Friday, led by European banking stocks on growing hope that central banks will steady markets if Greece's weekend election causes turmoil in the financial system next week. There are few American depositor
Published 17 Jun, 2012 12:00am
Malaysia palm oil giant to make $3.12 billion in IPO

Malaysia palm oil giant to make $3.12 billion in IPO

Malaysia palm oil giant Felda Global Ventures Holdings will raise $3.12 billion in the second-largest public offering this year, as it announced its final share prices Friday Felda is selling a total of 2.19 billion shares, the majority of which, or 1.92
Published 17 Jun, 2012 12:00am
Malaysia palm oil giant to make $3.12 billion in IPO

Malaysia palm oil giant to make $3.12 billion in IPO

Malaysia palm oil giant Felda Global Ventures Holdings will raise $3.12 billion in the second-largest public offering this year, as it announced its final share prices Friday Felda is selling a total of 2.19 billion shares, the majority of which, or 1.92
Published 17 Jun, 2012 12:00am
TSX soars as energy, financial shares lead gains

TSX soars as energy, financial shares lead gains

Canadian stocks rose on Friday, boosted by energy and financial shares, as investor fears of further market turmoil following Sunday's Greek election eased on talk the world's major central banks were poised to step in to reduce any potential fallout.
Published 17 Jun, 2012 12:00am
Treasuries outlook: prices up before Greek elections, on weak US data

Treasuries outlook: prices up before Greek elections, on weak US data

US government debt prices gained on Friday as investors were cautious that Greece could fail to form a government in Sunday's elections, while weak US economic data was also seen increasing pressure on the Federal Reserve to launch new bond purchases.
Published 17 Jun, 2012 12:00am
Treasuries outlook: prices up before Greek elections, on weak US data

Treasuries outlook: prices up before Greek elections, on weak US data

US government debt prices gained on Friday as investors were cautious that Greece could fail to form a government in Sunday's elections, while weak US economic data was also seen increasing pressure on the Federal Reserve to launch new bond purchases.
Published 17 Jun, 2012 12:00am
Indian bond traders gear up for key RBI decision

Indian bond traders gear up for key RBI decision

Indian federal bond prices inched lower on Friday as investors turned more cautious ahead of a key central bank policy review, though expectations are still for at least a 25 basis point cut in interest rates. The Reserve Bank of India reviews its policy
Published 17 Jun, 2012 12:00am
Indian bond traders gear up for key RBI decision

Indian bond traders gear up for key RBI decision

Indian federal bond prices inched lower on Friday as investors turned more cautious ahead of a key central bank policy review, though expectations are still for at least a 25 basis point cut in interest rates. The Reserve Bank of India reviews its policy
Published 17 Jun, 2012 12:00am
LSE sets upgrade date to avoid Greek election fallout

LSE sets upgrade date to avoid Greek election fallout

The London Stock Exchange Group has decided to conduct a technology upgrade next weekend rather than this weekend to avoid any fall-out from the results of Greece's election on Sunday, the head of the group told Reuters. The LSE, which also owns Italian m
Published 17 Jun, 2012 12:00am
JGBs slightly higher

JGBs slightly higher

Japanese government bond prices edged up on Friday, as some market participants bought ahead of redemption's next week, but wariness ahead of the weekend's election in Greece limited moves. The yield curve flattened on bargain hunting in the superlong ten
Published 17 Jun, 2012 12:00am
JGBs slightly higher

JGBs slightly higher

Japanese government bond prices edged up on Friday, as some market participants bought ahead of redemption's next week, but wariness ahead of the weekend's election in Greece limited moves. The yield curve flattened on bargain hunting in the superlong ten
Published 17 Jun, 2012 12:00am
Latam stocks rally on possible central bank action

Latam stocks rally on possible central bank action

Latin American stocks rose on Friday on hopes that global central banks are readying to stabilise financial markets if Greek election results cause more financial turmoil but the rally could be short-lived. The MSCI Latin American stock index rose 1.72 pe
Published 17 Jun, 2012 12:00am
Futures gain, with Europe willing to act

Futures gain, with Europe willing to act

US stock index futures rose on Friday as major world central banks prepared for possible co-ordinated action if the Greek election this weekend causes turmoil in financial markets. Officials from the Group of 20 leading industrialised nations told Reuters
Published 17 Jun, 2012 12:00am
Hope lifts Wall Street before Greek election

Hope lifts Wall Street before Greek election

US stocks rallied on Friday to close a second straight week of gains on hopes of collective action from global central banks if Sunday's election in Greece triggers market turmoil. The news helped offset the latest round of weak US economic data, which po
Published 17 Jun, 2012 12:00am
Latam currencies gain

Latam currencies gain

Most Latin American currencies gained on Friday on bets that major central banks could inject another dose of liquidity into global markets, but analysts were sceptical the gains would last. Risk assets around the world rallied on hopes of collective acti
Published 17 Jun, 2012 12:00am
Bearish bets on rupiah highest since November 2008

Bearish bets on rupiah highest since November 2008

Short positions on the Indonesian rupiah rose to their highest since the 2008 global financial crisis and analysts remain pessimistic across Asian currencies, a Reuters poll of 12 currency market analysts showed. Bearish bets on the rupiah were at their h
Published 17 Jun, 2012 12:00am
Speculators trim long dollar bets in latest week

Speculators trim long dollar bets in latest week

Currency speculators cut their bets in favour of the US dollar for the first time in six weeks in the latest week while bets against the euro fell from record highs, according to data from the Commodity Futures Trading Commission released on Friday.
Published 17 Jun, 2012 12:00am
Euribor rates ease

Euribor rates ease

Key eurozone bank-to-bank lending rates eased again` on Friday, potentially reaching a floor near current levels as hints from ECB policymakers fuel speculation the bank may cut its deposit rate, which strongly influences market rates, to zero. Three-mont
Published 17 Jun, 2012 12:00am
Euro up for fourth day on hopes of official action

Euro up for fourth day on hopes of official action

The euro climbed for a fourth straight session against the dollar on Friday, underpinned by expectations that central banks around the world will act to prevent any fallout arising after Sunday's crucial Greek election. The dollar, meanwhile, slumped agai
Published 17 Jun, 2012 12:00am
East European currencies steady

East European currencies steady

Emerging European currencies were mixed against the euro on Friday with investors wary of Greece's election on Sunday, while stocks strengthened and better than expected current account data supported the Polish zloty. Talk of co-ordinated central bank ac
Published 17 Jun, 2012 12:00am
Canadian dollar creeps up

Canadian dollar creeps up

The Canadian dollar ended slightly firmer against the greenback on Friday, supported by talk of collective action from global central banks if Sunday's Greek election results spark financial market turmoil. Riskier assets started to rally on Thursday afte
Published 17 Jun, 2012 12:00am
Goldman reshuffles management at merchant banking unit

Goldman reshuffles management at merchant banking unit

Goldman Sachs Group disclosed the departures of three senior executives from its merchant banking business in the latest top-level reshuffle at the firm, the Wall Street Journal reported on Friday. Partners Muneer Satter, Gerald Cardinale and Hughes Lepic
Published 17 Jun, 2012 12:00am
Regulators close three small US banks

Regulators close three small US banks

Regulators shut three small banks in Florida, Georgia, and Tennessee on Friday, bringing closures this year in the United States to 31, the Federal Deposit Insurance Corporation (FDIC) said. Florida regulators closed Putnam State Bank of Palatka. Harbour
Published 17 Jun, 2012 12:00am
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