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Print - 2012-07-22
Wheat flour prices up by Rs 2 per kg

Wheat flour prices up by Rs 2 per kg

While the Sindh government is spending Rs 2.5 billion to subsidies flour, millers increased wheat flour prices by Rs 2 per kilogram on Saturday. Under the relief package, the Sindh government announced a subsidy worth Rs 2.5 billion through Sindh Food Dep
Published 22 Jul, 2012 12:00am
Wheat flour prices up by Rs 2 per kg

Wheat flour prices up by Rs 2 per kg

While the Sindh government is spending Rs 2.5 billion to subsidies flour, millers increased wheat flour prices by Rs 2 per kilogram on Saturday. Under the relief package, the Sindh government announced a subsidy worth Rs 2.5 billion through Sindh Food Dep
Published 22 Jul, 2012 12:00am
Wheat flour prices up by Rs 2 per kg

Wheat flour prices up by Rs 2 per kg

While the Sindh government is spending Rs 2.5 billion to subsidies flour, millers increased wheat flour prices by Rs 2 per kilogram on Saturday. Under the relief package, the Sindh government announced a subsidy worth Rs 2.5 billion through Sindh Food Dep
Published 22 Jul, 2012 12:00am
Twelve killed in two separate bombings

Twelve killed in two separate bombings

At least 10 people were killed and 25 wounded Saturday in a suicide bombing in tribal area, officials said. The attack took place in Spen Khawri, on the border of the Kurrum and Orakzai tribal districts. Mujahid Khan, of the Edhi ambulance service, said t
Published 22 Jul, 2012 12:00am
Twelve killed in two separate bombings

Twelve killed in two separate bombings

At least 10 people were killed and 25 wounded Saturday in a suicide bombing in tribal area, officials said. The attack took place in Spen Khawri, on the border of the Kurrum and Orakzai tribal districts. Mujahid Khan, of the Edhi ambulance service, said t
Published 22 Jul, 2012 12:00am
Putin signs Russia into WTO

Putin signs Russia into WTO

President Vladimir Putin on Saturday signed the bill ratifying Russia''s entry to the World Trade Organisation after 18 years of often acrimonious negotiations, the Kremlin press office said. Economists have long argued that Russia needed to join the WTO
Published 22 Jul, 2012 12:00am
Putin signs Russia into WTO

Putin signs Russia into WTO

President Vladimir Putin on Saturday signed the bill ratifying Russia's entry to the World Trade Organisation after 18 years of often acrimonious negotiations, the Kremlin press office said. Economists have long argued that Russia needed to join the WTO a
Published 22 Jul, 2012 12:00am
Putin signs Russia into WTO

Putin signs Russia into WTO

President Vladimir Putin on Saturday signed the bill ratifying Russia's entry to the World Trade Organisation after 18 years of often acrimonious negotiations, the Kremlin press office said. Economists have long argued that Russia needed to join the WTO a
Published 22 Jul, 2012 12:00am
Iran introduces tiered exchange rates for imports

Iran introduces tiered exchange rates for imports

Iran will introduce a three-tiered exchange rate system to purchase different classes of imports, state media reported on Saturday, in an indication that the government''s stores of hard currency are coming under pressure from Western sanctions. The Irani
Published 22 Jul, 2012 12:00am
Iran introduces tiered exchange rates for imports

Iran introduces tiered exchange rates for imports

Iran will introduce a three-tiered exchange rate system to purchase different classes of imports, state media reported on Saturday, in an indication that the government's stores of hard currency are coming under pressure from Western sanctions. The Irania
Published 22 Jul, 2012 12:00am
Iran introduces tiered exchange rates for imports

Iran introduces tiered exchange rates for imports

Iran will introduce a three-tiered exchange rate system to purchase different classes of imports, state media reported on Saturday, in an indication that the government's stores of hard currency are coming under pressure from Western sanctions. The Irania
Published 22 Jul, 2012 12:00am
Punjab Revenue Authority: ST registration of banks, NBFIs made mandatory

Punjab Revenue Authority: ST registration of banks, NBFIs made mandatory

Punjab Revenue Authority (PRA) has made it mandatory for the provincial head offices of the banking companies and non-banking financial institutions (NBFIs) located in Punjab to get themselves'' registered with the sales tax department. In this connection
Published 22 Jul, 2012 12:00am
Punjab Revenue Authority: ST registration of banks, NBFIs made mandatory

Punjab Revenue Authority: ST registration of banks, NBFIs made mandatory

Punjab Revenue Authority (PRA) has made it mandatory for the provincial head offices of the banking companies and non-banking financial institutions (NBFIs) located in Punjab to get themselves' registered with the sales tax department. In this connection,
Published 22 Jul, 2012 12:00am
Punjab Revenue Authority: ST registration of banks, NBFIs made mandatory

Punjab Revenue Authority: ST registration of banks, NBFIs made mandatory

Punjab Revenue Authority (PRA) has made it mandatory for the provincial head offices of the banking companies and non-banking financial institutions (NBFIs) located in Punjab to get themselves' registered with the sales tax department. In this connection,
Published 22 Jul, 2012 12:00am
Pakistanis advised not to travel to Syria

Pakistanis advised not to travel to Syria

The Foreign Office on Saturday imposed a travel advisory on Pakistanis travelling to Syria and advised them not to travel to Syria in view of deteriorating security situation. In a statement issued here, the Foreign Office said, "In view of the deteriorat
Published 22 Jul, 2012 12:00am
Pakistanis advised not to travel to Syria

Pakistanis advised not to travel to Syria

The Foreign Office on Saturday imposed a travel advisory on Pakistanis travelling to Syria and advised them not to travel to Syria in view of deteriorating security situation. In a statement issued here, the Foreign Office said, "In view of the deteriorat
Published 22 Jul, 2012 12:00am
Eight Coast Guards personnel killed near Gwadar

Eight Coast Guards personnel killed near Gwadar

At least eight personnel of Coast Guards were killed when gunmen wearing the Frontier Corps uniform attacked their checkpost in Gwadar district on Saturday. According to Public Relations Officer of Coast Guards, the impersonators, who were more than eight
Published 22 Jul, 2012 12:00am
Eight Coast Guards personnel killed near Gwadar

Eight Coast Guards personnel killed near Gwadar

At least eight personnel of Coast Guards were killed when gunmen wearing the Frontier Corps uniform attacked their checkpost in Gwadar district on Saturday. According to Public Relations Officer of Coast Guards, the impersonators, who were more than eight
Published 22 Jul, 2012 12:00am
Your rupee last half year

Your rupee last half year

Following currency fluctuations took place in foreign exchange rates during the last half year. (January 03 to June 29, 2012).

Published 22 Jul, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (July 21, 2012) and the forecast for Sunday (July 22, 2012).

Published 22 Jul, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 21, 2012).

Published 22 Jul, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 21, 2012).

Published 22 Jul, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (July 21, 2012) and for Sunday (July 22, 2012).
Published 22 Jul, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 21, 2012).

Published 22 Jul, 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 (July 21, 2012).

Published 22 Jul, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (July 21, 2012).

Published 22 Jul, 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 (July 21, 2012).

Published 22 Jul, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 21, 2012).

Published 22 Jul, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 21, 2012).

Published 22 Jul, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 21, 2012).

Published 22 Jul, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 21, 2012).

Published 22 Jul, 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 (July 21, 2012).

Published 22 Jul, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 21, 2012).

Published 22 Jul, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 21, 2012).

Published 22 Jul, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 21, 2012).

Published 22 Jul, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 21, 2012).

Published 22 Jul, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee moved up against dollar slightly on the open market on Saturday in process of trading, experts said. The rupee gained slightly versus dollar for buying and selling at 94.65 and 94.85, they said. The rupee appreciated by Re 1 against euro for buy
Published 22 Jul, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee moved up against dollar slightly on the open market on Saturday in process of trading, experts said. The rupee gained slightly versus dollar for buying and selling at 94.65 and 94.85, they said. The rupee appreciated by Re 1 against euro for buy
Published 22 Jul, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (July 21, 2012).

Published 22 Jul, 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 (July 21, 2012).

Published 22 Jul, 2012 12:00am
Oil cake market rates

Oil cake market rates

Both the futures were lower on the forward cottonseeds oilcake market on Saturday in process of trading, dealers said. The July vaida that had closed at Rs 448.40 opened with 10 paisa decline at Rs 448.30, they said. The December contract which ended at R
Published 22 Jul, 2012 12:00am
Ginners stop selling at lower rates amid slow activity on cotton market

Ginners stop selling at lower rates amid slow activity on cotton market

Activity slowed down on the cotton market on Saturday as ginners did not take interest in selling at the lower rates, dealers said. The official spot was unchanged at Rs 5800, they said. In the ready business over 5000 bales of cotton changed hands betwee
Published 22 Jul, 2012 12:00am
India's oilseeds, sugar extend gains

India's oilseeds, sugar extend gains

Indian sugar, soyabean, soyaoil and rapeseed futures extended gains on Thursday after data released by the weather department showed key oilseeds and sugar-growing areas received less-than-normal rainfall even last week. Rainfall in top soyabean growing M
Published 22 Jul, 2012 12:00am
Prices almost unchaned on grain market

Prices almost unchaned on grain market

Sluggish sentiment was seen on wholesale grain market on the first day of Ramazan on Saturday, dealers said. On the seed counter rapeseed cake gained Rs 50 to Rs 1170-1175, other items maintained overnight levels in process of trading, they said. Prices w
Published 22 Jul, 2012 12:00am
Price differentials for Brazilian beans ease in European coffee market

Price differentials for Brazilian beans ease in European coffee market

Price differentials for Brazilian beans eased in Europe's cash coffee market on sluggish demand as roasters were reluctant to step in because of high prices, traders said. Brazil MTGB fine beans were quoted about 20 cents below ICE's New York September ar
Published 22 Jul, 2012 12:00am
Argentina will plant 22 percent less wheat this season

Argentina will plant 22 percent less wheat this season

Argentina will plant 22 percent less wheat this season than it did in the previous crop year, a key local exchange said on Thursday, feeding a world rally in grains prices sparked by dry and hot US farm weather. Argentina is the world's No 6 wheat exporte
Published 22 Jul, 2012 12:00am
US Midwest corn bids mostly steady

US Midwest corn bids mostly steady

Spot basis bids for corn held mostly steady at elevators around the interior US Midwest on Friday but slipped slightly at western Midwest processors as Chicago Board of Trade corn futures touched record highs, dealers said. CBOT corn and soyabean futures
Published 22 Jul, 2012 12:00am
Canadian canola futures jump 1.3 percent

Canadian canola futures jump 1.3 percent

ICE Canadian canola futures gained 1.3 percent on Friday, tracking a rally in the US soyabean market that sent prices of the rival oilseed to record-highs, traders said. Technical buying accelerated gains as the front month contract breached a previous co
Published 22 Jul, 2012 12:00am
Soyabean export premiums firmer at US Gulf Coast

Soyabean export premiums firmer at US Gulf Coast

Soyabean export premiums at the US Gulf Coast were steady to firm on Friday, supported by tight old-crop supplies and worries about new-crop production amid a worsening US drought, traders said. US soyabean prices were competitive in the world market, alt
Published 22 Jul, 2012 12:00am
Indian coffee prices rise on export demand

Indian coffee prices rise on export demand

The prices of robusta parchment coffee rose at this week's auction on strong demand from exporters, auctioneer J Thomas & Co said in a statement on Friday. "Robusta parchment coffee continued to receive good support from exporters. Domestic roasters were
Published 22 Jul, 2012 12:00am
Asian naphtha climbs on strong demand

Asian naphtha climbs on strong demand

Asian naphtha prices continued to climb to an over two-month high of $891.00 a tonne on Thursday as demand increased on the back of improved petrochemical margins. India's Mangalore Refinery and Petrochemicals Ltd (MRPL) also sold 35,000 tonnes of naphtha
Published 22 Jul, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 98,623 tonnes of cargo comprising 80,784 tonnes of import cargo and 17,839 tonnes of export cargo including 4,009 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 80,784 ton
Published 22 Jul, 2012 12:00am
CBOT wheat futures climb

CBOT wheat futures climb

Chicago Board of Trade wheat futures climbed 0.9 percent on Friday and set a new four-year high on spillover support from rallying corn and soyabeans, which hit all-time highs amid concerns about drought-reduced crops. Spot wheat hit a high of $9.44-3/4 a
Published 22 Jul, 2012 12:00am
Indian port congestion hits grain supply as prices spike

Indian port congestion hits grain supply as prices spike

Congestion at Indian ports is delaying corn and rice shipments to Asia and Africa, dealing a fresh blow to buyers stung by record-high global grain prices as a worsening US drought threatens to spark a shortage in food supply. Ships faced up to 25 days of
Published 22 Jul, 2012 12:00am
Italy sees stronger foreign demand for government debt

Italy sees stronger foreign demand for government debt

Italy can face upcoming debt auctions without tapping external aid, helped by a pick-up of interest from foreign investors, the head of the debt management agency in the economy ministry was quoted as saying in an interview published on Saturday.
Published 22 Jul, 2012 12:00am
South Korea's exports slump

South Korea's exports slump

South Korean exports fell slightly in the first 20 days of this month from a year earlier, customs data showed on Saturday, as its top markets including China and the euro zone have yet to show signs of turning around. Overseas shipments by the world's se
Published 22 Jul, 2012 12:00am
EIB to pump 1.4 billion euros into Greece

EIB to pump 1.4 billion euros into Greece

The European Investment Bank will pump 1.44 billion euros ($1.8 billion) into the struggling private sector in crisis-hit Greece by 2015, the ministers of finance and development said on Saturday. "I believe the accords will be signed in the coming days,"
Published 22 Jul, 2012 12:00am
Qatar, Bahrain airlines eye Saudi skies

Qatar, Bahrain airlines eye Saudi skies

Qatar Airways, Bahrain Air and Gulf Air are among the firms in pre-qualified consortia bidding for a new airline license in Saudi Arabia, an official from the General Authority for Civil Aviation (GACA) with knowledge of the matter told Reuters on Saturda
Published 22 Jul, 2012 12:00am
Eurozone not in danger, says Draghi

Eurozone not in danger, says Draghi

The euro zone is not in danger of breaking up despite some analysts' worse case scenarios, European Central Bank President Mario Draghi said, judging that the bloc was inevitably marching towards closer union among its members. Asked in an interview with
Published 22 Jul, 2012 12:00am
RBI ups priority loan target for foreign banks

RBI ups priority loan target for foreign banks

The Reserve Bank of India (RBI) has increased the priority sector lending target for foreign banks with 20 branches or more to 40 percent from 32 percent in a phased manner over a maximum period of five years starting April 1, 2013.
Published 22 Jul, 2012 12:00am
AT&T, CWA reach agreements 'in concept'

AT&T, CWA reach agreements 'in concept'

The second largest US mobile operator AT&T Inc reached agreements "in concept" with the Communications Workers of America in AT&T Midwest and AT&T Corp core wireline contract negotiations. The Midwest contract covers more than 13,000 employees in Illinois
Published 22 Jul, 2012 12:00am
China eyes further trading fees cut to boost confidence

China eyes further trading fees cut to boost confidence

China's securities regulator is planning another transaction fee cut before the start of September, the China Securities Journal reported on Saturday, which would be the third such moved this year aimed at shoring up investor confidence in the bourses.
Published 22 Jul, 2012 12:00am
Former finance minister urges German states to bar Swiss tax deal

Former finance minister urges German states to bar Swiss tax deal

Former finance minister Peer Steinbrueck urged German federal states led by his Social Democrats to vote down a tax deal with Switzerland meant to stop Germans stashing their money there, referring to comments that previously enraged the Swiss.
Published 22 Jul, 2012 12:00am
Maruti locks out workers at riot-hit plant

Maruti locks out workers at riot-hit plant

India's top carmaker Maruti Suzuki said Saturday it was locking out workers at one of its plants hit by a riot in which a manager burned to death and nearly 100 other executives were injured. The lockout at Japanese-owned Maruti's Manesar plant near New D
Published 22 Jul, 2012 12:00am
Sri Lanka seeks another IMF bailout after record loan

Sri Lanka seeks another IMF bailout after record loan

Sri Lanka Saturday announced the completion of a $2.6 billion IMF bailout, but it was seeking fresh loans to support an economy emerging from decades of ethnic war. The International Monetary Fund on Friday released the final instalment of the bailout agr
Published 22 Jul, 2012 12:00am
Attack on Turkey-Iraq pipeline knocks out oil flows

Attack on Turkey-Iraq pipeline knocks out oil flows

Fire-fighters in south-east Turkey on Saturday put out a fire on a pipeline carrying about a quarter of Iraq's oil exports, but it was unclear when oil would resume flowing, security sources said. They blamed sabotage by Kurdish separatists for the explos
Published 22 Jul, 2012 12:00am
EU imposes conditions to clear Hutch's Orange Austria bid

EU imposes conditions to clear Hutch's Orange Austria bid

EU regulators will allow a bid by Hongkong's Hutchison 3G to buy France Telecom's Orange Austria if the new combined group permit other Austrian operators to access its network, according to an Austrian daily on Saturday, citing sources.
Published 22 Jul, 2012 12:00am
European Parliament head fears 'social explosion' in Europe

European Parliament head fears 'social explosion' in Europe

European Parliament president Martin Schulz warned Saturday that Spain's economic crisis could spark a "social explosion" across the continent. "The demonstrations in Spain show that a social explosion is looming because of the high unemployment rate amon
Published 22 Jul, 2012 12:00am
Taiwan export orders shrink for fourth month

Taiwan export orders shrink for fourth month

Taiwan's exporters face a further decline in orders this month as the global economy slows and cuts demand, more bad news for Asia's exporting economies after the island's orders shrank for a fourth straight month in June. Taiwan's export orders are a lea
Published 22 Jul, 2012 12:00am
Stockton made scant headway in US pre-bankruptcy talks

Stockton made scant headway in US pre-bankruptcy talks

Stockton, California, the largest US city to file for bankruptcy, never came close to striking deals with key creditors in talks before it sought court protection, the city disclosed on Friday in documents illustrating its stark choices.
Published 22 Jul, 2012 12:00am
ECB's Coeure says negative bank deposit rate an option

ECB's Coeure says negative bank deposit rate an option

Cutting the deposit rate the European Central Bank offers lenders in the euro zone below zero is an option, ECB Executive Board Member Benoit Coeure said on Friday. The ECB cut its main interest rate early this month by a quarter percentage point to a rec
Published 22 Jul, 2012 12:00am
Emerging Europe bank exodus quickened in second quarter

Emerging Europe bank exodus quickened in second quarter

International banks seem to have accelerated efforts to scale back exposure to emerging Europe in the second quarter, renewing a trend that had slowed in early 2012, the Vienna Initiative monitoring group said on Friday.
Published 22 Jul, 2012 12:00am
China vows to keep tight grip on property prices

China vows to keep tight grip on property prices

China vowed Friday to maintain tight controls over the country's property market after house sales recently picked up despite a slowing economy. China has since 2010 introduced a spate of measures to control housing prices, including bans on buying second
Published 22 Jul, 2012 12:00am
GE profit tops Wall Street view in 'challenging' economy

GE profit tops Wall Street view in 'challenging' economy

General Electric Co on Friday reported a 2.5 percent rise in profit from continuing operations, topping Wall Street expectations, as solid demand in the United States and emerging markets offset weakness in Europe. The largest US conglomerate by revenue s
Published 22 Jul, 2012 12:00am
GE profit tops Wall Street view in 'challenging' economy

GE profit tops Wall Street view in 'challenging' economy

General Electric Co on Friday reported a 2.5 percent rise in profit from continuing operations, topping Wall Street expectations, as solid demand in the United States and emerging markets offset weakness in Europe. The largest US conglomerate by revenue s
Published 22 Jul, 2012 12:00am
Zain Saudi $1.69 billion rights issue over-subscribed

Zain Saudi $1.69 billion rights issue over-subscribed

Zain Saudi's $1.69 billion rights issue was over-subscribed by 105.4 percent, the issue's lead manager Saudi Fransi Capital said in an emailed statement on Saturday. The kingdom's third telecom operator started a rights issue on July 10 which closed eight
Published 22 Jul, 2012 12:00am
Argentina economy shrinks in May for first time since 2009

Argentina economy shrinks in May for first time since 2009

Argentina's economy contracted in May while industrial production slumped further in June, data showed on Friday, the weakest performance for both readings since a global crisis shriveled growth in 2009. Economic activity fell 0.5 percent in May year-on-y
Published 22 Jul, 2012 12:00am
Manchester United set to kick off IPO

Manchester United set to kick off IPO

Soccer powerhouse Manchester United is expected to launch its IPO in New York as early as next week, for pricing in early August, after earlier attempts in Hong Kong, Singapore and the UK. The time table marks a change from the original schedule to procee
Published 22 Jul, 2012 12:00am
AfDB to launch $50 million Uganda bond programme

AfDB to launch $50 million Uganda bond programme

The African Development Bank (AfDB) plans to sell a 10-year, 12.5 billion Ugandan shilling ($5 million) bond this week, the first issue from its new 125 billion shilling issuance programme, a bank official said on Monday. Regulators have given the go-ahea
Published 22 Jul, 2012 12:00am
AfDB to launch $50 million Uganda bond programme

AfDB to launch $50 million Uganda bond programme

The African Development Bank (AfDB) plans to sell a 10-year, 12.5 billion Ugandan shilling ($5 million) bond this week, the first issue from its new 125 billion shilling issuance programme, a bank official said on Monday. Regulators have given the go-ahea
Published 22 Jul, 2012 12:00am
ADR Report: Eurozone concerns hit foreign shares

ADR Report: Eurozone concerns hit foreign shares

US-listed shares of foreign companies fell on Friday, led lower by European companies on heightened concerns about Spain's financial health and the euro zone debt crisis. The BNY Mellon index of leading American depository receipts fell 1.9 percent, while
Published 22 Jul, 2012 12:00am
Singapore Exchange toughens rules to lure big listings

Singapore Exchange toughens rules to lure big listings

Singapore Exchange Ltd is toughening its listing rules in the wake of a series of accounting scandals at small Chinese firms, hoping stronger corporate governance will attract more large companies to the city state. Recent scandals at companies such as KX
Published 22 Jul, 2012 12:00am
TSX rally fizzles on Spanish debt fears

TSX rally fizzles on Spanish debt fears

Canadian stocks fell for the first time in more than a week on Friday, led lower by energy and financial shares, as oil slid and risk sentiment soured on worries that Spain would require a full-blown bailout. Spain's main stock index suffered its biggest
Published 22 Jul, 2012 12:00am
Treasuries outlook: bonds rally as worries over Spain intensify

Treasuries outlook: bonds rally as worries over Spain intensify

US Treasury debt prices jumped on Friday as fears over a full-fledged bailout for Spain drove a safety bid for government bonds, nudging their yields near historic lows. Spain's heavily indebted eastern region of Valencia on Friday said it would apply to
Published 22 Jul, 2012 12:00am
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