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Print - 2013-05-19
Budget (2013-14): FBR proposes 16 percent GST on sugar

Budget (2013-14): FBR proposes 16 percent GST on sugar

The Federal Board of Revenue has proposed 16 percent standard rate of sales tax on sugar in Budget (2013-14). Sources told Business Recorder on Saturday that the FBR has moved the proposal to the Ministry of Finance for consideration in coming budg
Published 19 May, 2013 12:00am
Budget (2013-14): FBR proposes 16 percent GST on sugar

Budget (2013-14): FBR proposes 16 percent GST on sugar

The Federal Board of Revenue has proposed 16 percent standard rate of sales tax on sugar in Budget (2013-14). Sources told Business Recorder on Saturday that the FBR has moved the proposal to the Ministry of Finance for consideration in coming budg
Published 19 May, 2013 12:00am
Budget (2013-14): FBR proposes 16 percent GST on sugar

Budget (2013-14): FBR proposes 16 percent GST on sugar

The Federal Board of Revenue has proposed 16 percent standard rate of sales tax on sugar in Budget (2013-14). Sources told Business Recorder on Saturday that the FBR has moved the proposal to the Ministry of Finance for consideration in coming budg
Published 19 May, 2013 12:00am
Budget (2013-14): FBR proposes 16 percent GST on sugar

Budget (2013-14): FBR proposes 16 percent GST on sugar

The Federal Board of Revenue has proposed 16 percent standard rate of sales tax on sugar in Budget (2013-14). Sources told Business Recorder on Saturday that the FBR has moved the proposal to the Ministry of Finance for consideration in coming budg
Published 19 May, 2013 12:00am
PML-N government will not abandon BISP: Ahsan

PML-N government will not abandon BISP: Ahsan

The Pakistan Muslim League (PML-N)-led government will not abandon Benazir Income Support Programme (BISP), however the party intends to depoliticise the programme by making it more targeted, so that its benefits could reach the vulnerable segments of the
Published 19 May, 2013 12:00am
PML-N government will not abandon BISP: Ahsan

PML-N government will not abandon BISP: Ahsan

The Pakistan Muslim League (PML-N)-led government will not abandon Benazir Income Support Programme (BISP), however the party intends to depoliticise the programme by making it more targeted, so that its benefits could reach the vulnerable segments of the
Published 19 May, 2013 12:00am
Asghar Khan case allegations: PML-N pledges to conduct thorough probe

Asghar Khan case allegations: PML-N pledges to conduct thorough probe

An in-depth probe into allegations in the Asghar Khan case would be conducted after the newly-elected PML-N government takes over, a senior member of the party told Business Recorder. He said that the next government would implement all orders of t
Published 19 May, 2013 12:00am
Asghar Khan case allegations: PML-N pledges to conduct thorough probe

Asghar Khan case allegations: PML-N pledges to conduct thorough probe

An in-depth probe into allegations in the Asghar Khan case would be conducted after the newly-elected PML-N government takes over, a senior member of the party told Business Recorder. He said that the next government would implement all orders of t
Published 19 May, 2013 12:00am
The Weather

The Weather

The weather report on Saturday (May 18, 2013) and the forecast for Sunday (May 19, 2013).

Published 19 May, 2013 12:00am
Musharraf's future discussed?

Musharraf's future discussed?

The important issue of future of former president General Pervez Musharraf (Retd) was also discussed during the meeting between General Ashfaq Parvez Kayani and PML-N President Nawaz Sharif.
Published 19 May, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 18, 2013).

Published 19 May, 2013 12:00am
Musharraf's future discussed?

Musharraf's future discussed?

The important issue of future of former president General Pervez Musharraf (Retd) was also discussed during the meeting between General Ashfaq Parvez Kayani and PML-N President Nawaz Sharif.
Published 19 May, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 18, 2013).

Published 19 May, 2013 12:00am
Formation of governments: Nawaz calls party meeting tomorrow

Formation of governments: Nawaz calls party meeting tomorrow

Pakistan Muslim League-N chief Nawaz Sharif has called a meeting of the parliamentary party on May 20 to discuss formation of governments in Centre, Punjab and Balochistan, planning for first 100 days, relief on loadshedding and budget proposals. Party so
Published 19 May, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 18, 2013).

Published 19 May, 2013 12:00am
Formation of governments: Nawaz calls party meeting tomorrow

Formation of governments: Nawaz calls party meeting tomorrow

Pakistan Muslim League-N chief Nawaz Sharif has called a meeting of the parliamentary party on May 20 to discuss formation of governments in Centre, Punjab and Balochistan, planning for first 100 days, relief on loadshedding and budget proposals. Party so
Published 19 May, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (May 18, 2013) and for Sunday (May 19, 2013).
Published 19 May, 2013 12:00am
Nawaz-Zardari meeting on May 22

Nawaz-Zardari meeting on May 22

After having consultation within the PML-N ranks, Prime Minister-in-waiting Nawaz Sharif has accepted the invitation of President Asif Ali Zardari for participation in a banquet being hosted in honour of Chinese Premier Li Keqiang at presidency on May 22.
Published 19 May, 2013 12:00am
Nawaz-Zardari meeting on May 22

Nawaz-Zardari meeting on May 22

After having consultation within the PML-N ranks, Prime Minister-in-waiting Nawaz Sharif has accepted the invitation of President Asif Ali Zardari for participation in a banquet being hosted in honour of Chinese Premier Li Keqiang at presidency on May 22.
Published 19 May, 2013 12:00am
Nawaz, Kayani discuss security, other issues

Nawaz, Kayani discuss security, other issues

Chief of Army Staff General Ashfaq Parvez Kayani met the Prime Minister-in-waiting Nawaz Sharif here at Model Town residence of Shahbaz Sharif on Saturday and discussed matters pertaining to security and defence of the country. Views were also exchanged o
Published 19 May, 2013 12:00am
Nawaz, Kayani discuss security, other issues

Nawaz, Kayani discuss security, other issues

Chief of Army Staff General Ashfaq Parvez Kayani met the Prime Minister-in-waiting Nawaz Sharif here at Model Town residence of Shahbaz Sharif on Saturday and discussed matters pertaining to security and defence of the country. Views were also exchanged o
Published 19 May, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 18, 2013).

Published 19 May, 2013 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 (May 18, 2013).

Published 19 May, 2013 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (May 18, 2013).

Published 19 May, 2013 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 (May 18, 2013).

Published 19 May, 2013 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 18, 2013).

Published 19 May, 2013 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 18, 2013).

Published 19 May, 2013 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 18, 2013).

Published 19 May, 2013 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 18, 2013).

Published 19 May, 2013 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 (May 18, 2013).

Published 19 May, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 18, 2013).

Published 19 May, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 18, 2013).

Published 19 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 18, 2013).

Published 19 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 18, 2013).

Published 19 May, 2013 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the money market at the week-end as the rupee held the overnight levels in the process of trading, dealers said. The rupee managed to hold the overnight levels against the dollar for buying and selling at 99.75 and 99.95, they said.
Published 19 May, 2013 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the money market at the week-end as the rupee held the overnight levels in the process of trading, dealers said. The rupee managed to hold the overnight levels against the dollar for buying and selling at 99.75 and 99.95, they said.
Published 19 May, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (May 18, 2013).

Published 19 May, 2013 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 (May 18, 2013).

Published 19 May, 2013 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 May vaida ended at Rs 908.80, they said and the next day, the business opened at 908.50, to show 30 paisa fall due to less buying in
Published 19 May, 2013 12:00am
Cotton market: trading activity inches up

Cotton market: trading activity inches up

Business activity improved slightly on the cotton market Saturday following the emergence of fresh buying interest by millers and spinners, dealers said. The official spot rate resisted further decline, retaining the overnight level at Rs 6,300, they said
Published 19 May, 2013 12:00am
Rice prices up on grain market

Rice prices up on grain market

Rice prices were sharply higher on the wholesale grain market on Saturday as some needy buyers back to the arena to meet urgent requirements, dealers said. Most of the changes were seen on the rice sector, where Irri-white (broken) low type rose by Rs 100
Published 19 May, 2013 12:00am
Indonesian coffee premiums hit highest since January on slow arrivals

Indonesian coffee premiums hit highest since January on slow arrivals

Indonesian robustas changed hands at their highest premiums since January for prompt shipment after roasters rushed to cover stocks as heavy rains disrupted delivery from plantations, dealers said on Thursday. Despite the slow arrivals, output in the worl
Published 19 May, 2013 12:00am
US natural gas futures end up sharply on late buying spree

US natural gas futures end up sharply on late buying spree

US natural gas futures ended up sharply on Friday, backed by a late flood of buying ahead of the weekend despite fairly neutral weather forecasts that are not likely to stir up much demand. Gas prices sold off sharply on Thursday, sinking more than 3 perc
Published 19 May, 2013 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday, with the nearby month rising fastest amid tight supplies, and notching up a 3 percent weekly gain. Rain for parts of Western Canada added some concern about planting delays, but new crop months lagged the front
Published 19 May, 2013 12:00am
Kenya's coffee earnings fall

Kenya's coffee earnings fall

Earnings from coffee sold through Kenya's weekly auction fell by more than a third in the first half of the growing season as poor quality beans and low international prices weighed, casting doubt on full-year targets for the crop. Although the east Afric
Published 19 May, 2013 12:00am
Corn, soya offers steady at US Gulf Coast

Corn, soya offers steady at US Gulf Coast

Export premiums for corn and soyabeans shipped from the US Gulf Coast this spring and summer remained steady at historically high levels on Friday due to thin stocks, although some exporters were not posting offers and fresh export demand was muted, trade
Published 19 May, 2013 12:00am
Indian corn seen up on thin supply

Indian corn seen up on thin supply

Corn futures in India are expected to edge up next week due to thin new season supplies from the state of Bihar, and on slow pace of sowing in the United States though subdued exports are seen restricting the upside. Supplies from the new season winter-so
Published 19 May, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 67,613 tonnes of cargo comprising 42,134 tonnes of import cargo and 25,479 tonnes of export cargo including 4,099 loaded and empty containers during the last 24 hours ended at 0700 hours on Saturday. The total import cargo of 42,1
Published 19 May, 2013 12:00am
HRW wheat bids steady

HRW wheat bids steady

Cash bids for hard red winter wheat were steady in the US Plains on Friday, and delays in the harvest were making for a sluggish market, merchants said. Harvesting is under way in extreme southern Texas, but cutting will not start in more central and nort
Published 19 May, 2013 12:00am
Asian naphtha price up for first time this week

Asian naphtha price up for first time this week

The Asian naphtha price rose for the first time this week to reach a three-session high of $867.75 a tonne on Friday, with its margin edging up to a two-session high of $88.88 a tonne as a refinery outage in India lifted sentiment. A fire broke out late o
Published 19 May, 2013 12:00am
Indian sugar futures fall on profit-taking, supply surplus

Indian sugar futures fall on profit-taking, supply surplus

Indian sugar futures fell on Friday on profit-taking driven by ample supplies, though summer demand and expectations that state governments would soon start buying the sweetener for public distribution system limited the downside. The key June contract on
Published 19 May, 2013 12:00am
Fitch downgrades Slovenia on poor outlook

Fitch downgrades Slovenia on poor outlook

International ratings agency Fitch downgraded Slovenia on Friday by one notch, with a negative outlook, citing a deterioration of the government's finances and its worrying economic situation. Fitch said Slovenia's main debt rating had been cut to 'BBB+'
Published 19 May, 2013 12:00am
Fitch downgrades Slovenia on poor outlook

Fitch downgrades Slovenia on poor outlook

International ratings agency Fitch downgraded Slovenia on Friday by one notch, with a negative outlook, citing a deterioration of the government's finances and its worrying economic situation. Fitch said Slovenia's main debt rating had been cut to 'BBB+'
Published 19 May, 2013 12:00am
Turkey welcomes Moody's upgrade, bond yields tumble

Turkey welcomes Moody's upgrade, bond yields tumble

Turkey hailed its second investment grade rating on Friday, seeing it as a seal of approval from international markets for a decade of economic reform. Investors joined in, driving sovereign bond yields to record lows. Government enthusiasm was tempered,
Published 19 May, 2013 12:00am
Turkey welcomes Moody's upgrade, bond yields tumble

Turkey welcomes Moody's upgrade, bond yields tumble

Turkey hailed its second investment grade rating on Friday, seeing it as a seal of approval from international markets for a decade of economic reform. Investors joined in, driving sovereign bond yields to record lows. Government enthusiasm was tempered,
Published 19 May, 2013 12:00am
EU to impose duties on Argentine, Indonesian biodiesel

EU to impose duties on Argentine, Indonesian biodiesel

The European Union will impose punitive duties on imports of biodiesel from Argentina and Indonesia, charging them with selling the product into the bloc at unfairly low prices, EU sources said. The European Commission has set provisional tariffs at betwe
Published 19 May, 2013 12:00am
BoE's Weale sees chance of stimulus after Carney arrival

BoE's Weale sees chance of stimulus after Carney arrival

The Bank of England may have more scope to boost the economy after Mark Carney starts as governor because of tentative signs of lower inflation ahead, a member of its policymaking body said on Friday. Finance minister George Osborne has given Canadian Mar
Published 19 May, 2013 12:00am
GDF Suez reveals huge US LNG deal with Japanese firms

GDF Suez reveals huge US LNG deal with Japanese firms

French energy group GDF Suez has signed a joint-venture with US firm Sempra Energy and Japanese groups Mitsubishi and Mitsui relating to the construction of a huge liquefied natural gas factory in the United States, it said on Friday.
Published 19 May, 2013 12:00am
Japanese machinery orders jump, capex outlook still murky

Japanese machinery orders jump, capex outlook still murky

Japanese core machinery orders jumped a bigger-than-expected 14.2 percent in March, the quickest monthly pace in eight years, in a sign a weaker yen and surging stock prices are making companies more confident about investing in equipment.
Published 19 May, 2013 12:00am
Tableau, Marketo software IPOs soar to the cloud

Tableau, Marketo software IPOs soar to the cloud

Strong debuts in the initial public offerings of two business software companies on Friday underscored a pattern in the market: While consumer companies like Facebook Inc get the buzz, enterprise companies are racking up most of the market gains. IPOs Tab
Published 19 May, 2013 12:00am
Spain, Italy yields drop on easing supply pressure

Spain, Italy yields drop on easing supply pressure

Spanish and Italian government bond yields dropped on Friday and were seen falling further as supply pressure eased after large debt sales earlier this week. The prospect of central bank policies remaining ultra-easy for months, despite debate over whethe
Published 19 May, 2013 12:00am
Spain, Italy yields drop on easing supply pressure

Spain, Italy yields drop on easing supply pressure

Spanish and Italian government bond yields dropped on Friday and were seen falling further as supply pressure eased after large debt sales earlier this week. The prospect of central bank policies remaining ultra-easy for months, despite debate over whethe
Published 19 May, 2013 12:00am
US fund managers cut stocks to post-2007 low

US fund managers cut stocks to post-2007 low

US fund managers cut global equity allocations to the lowest level since 2007 and raised cash holdings in April on concerns about slower global growth, a recent Reuters poll showed. The survey of 13 US-based fund management firms taken between April 17-29
Published 19 May, 2013 12:00am
US fund managers cut stocks to post-2007 low

US fund managers cut stocks to post-2007 low

US fund managers cut global equity allocations to the lowest level since 2007 and raised cash holdings in April on concerns about slower global growth, a recent Reuters poll showed. The survey of 13 US-based fund management firms taken between April 17-29
Published 19 May, 2013 12:00am
TSX soars as gold miners lone sore spot

TSX soars as gold miners lone sore spot

Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial shares, offsetting weakness in gold producers. The materials sector, a major component of the S&P/TSX composite which includes gold miners,
Published 19 May, 2013 12:00am
Treasuries outlook: prices fall on improved consumer sentiment

Treasuries outlook: prices fall on improved consumer sentiment

Prices for US Treasuries fell on Friday after data showed consumers grew more optimistic in May and an index of leading indicators pointed to economic growth ahead. US consumer sentiment rebounded in early May to the highest level in nearly six years as A
Published 19 May, 2013 12:00am
Treasuries outlook: prices fall on improved consumer sentiment

Treasuries outlook: prices fall on improved consumer sentiment

Prices for US Treasuries fell on Friday after data showed consumers grew more optimistic in May and an index of leading indicators pointed to economic growth ahead. US consumer sentiment rebounded in early May to the highest level in nearly six years as A
Published 19 May, 2013 12:00am
Indian bond yields higher

Indian bond yields higher

Indian bonds fell on Friday, snapping an eight-session winning streak, while the new 7.16 percent 10-year bonds also reeled after Standard & Poor's reiterated its "negative" outlook on the country's sovereign ratings. S&P warned India on Friday of the nee
Published 19 May, 2013 12:00am
Indian bond yields higher

Indian bond yields higher

Indian bonds fell on Friday, snapping an eight-session winning streak, while the new 7.16 percent 10-year bonds also reeled after Standard & Poor's reiterated its "negative" outlook on the country's sovereign ratings. S&P warned India on Friday of the nee
Published 19 May, 2013 12:00am
Brazilian stocks rise

Brazilian stocks rise

Brazilian stocks rose on Friday after a pledge from the European Central Bank to support economic growth through loose monetary policy boosted shares of commodities exporters. Mexico's IPC index and Chile's bourse traded flat. The IPC ended the week up 0.
Published 19 May, 2013 12:00am
JGBs stay higher

JGBs stay higher

Japanese government bond prices rose on Friday for a second day after a four-session plunge, bolstered by the Bank of Japan's asset-buying operations and reassured by the previous session's solid five-year sale The BoJ offered to buy outright 600 billion
Published 19 May, 2013 12:00am
JGBs stay higher

JGBs stay higher

Japanese government bond prices rose on Friday for a second day after a four-session plunge, bolstered by the Bank of Japan's asset-buying operations and reassured by the previous session's solid five-year sale The BoJ offered to buy outright 600 billion
Published 19 May, 2013 12:00am
Asia Pacific IPOs in busiest deal week since 2011

Asia Pacific IPOs in busiest deal week since 2011

IPO markets in Asia Pacific had their best week in two years after Chinese refiner Sinopec Group's engineering unit and a Macquarie Group Ltd-linked trust raised a combined $2.9 billion on Thursday. This week's three large IPOs, including one from state-o
Published 19 May, 2013 12:00am
NYSE cancels irregular trades in Anadarko stock

NYSE cancels irregular trades in Anadarko stock

The New York Stock Exchange cancelled trades in Anadarko Petroleum Corp after a blip in trading cut the market value of the company by 99 percent, according to a report in Bloomberg. Trading in the shares of the $45.15 billion company plunged to trade at
Published 19 May, 2013 12:00am
Dow, S&P end at records, stocks mark fourth week of gains

Dow, S&P end at records, stocks mark fourth week of gains

US stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. The Dow and the S&P 500 finished at fresh record highs,
Published 19 May, 2013 12:00am
Yuan's mystifying rise signals imminent reforms

Yuan's mystifying rise signals imminent reforms

Beijing's tolerance for the yuan's massive rally against the dollar over the last six weeks has mystified many market observers, but some traders in the domestic forex market believe the anomaly is a harbinger of a new wave of currency reforms. In a globa
Published 19 May, 2013 12:00am
Latin American currencies drop

Latin American currencies drop

Latin American currencies weakened on Friday amid fears the US Federal Reserve could end its bond-buying program by year-end, removing a key stimulus measure that has been fuelling appetite for higher-yielding assets in emerging markets.
Published 19 May, 2013 12:00am
Yen to weaken to 105/dollar in 12 months

Yen to weaken to 105/dollar in 12 months

The yen's rapid slide will moderate as investors wait to see the impact of the mega-stimulus programme unleashed by the Bank of Japan last month, according to foreign exchange strategists polled by Reuters. Wednesday's poll of 63 analysts, conducted May 3
Published 19 May, 2013 12:00am
South Africa's rand seen firm over next 12 months

South Africa's rand seen firm over next 12 months

South Africa's rand will hold its ground against the dollar, with a firmer bias in the next 12 months, as the trade account improves and foreign buying of local bonds remains robust, a Reuters poll found. The rand has seen bouts of selling pressure in the
Published 19 May, 2013 12:00am
Dollar tops 103 yen, a 4-1/2-year high, on robust US data

Dollar tops 103 yen, a 4-1/2-year high, on robust US data

The dollar rallied across the board on Friday, topping the 103-yen level as it hit a 4-1/2-year high against the Japanese currency, after data showing a robust rebound in US consumer sentiment prompted investors to add to bullish bets. Speculation that th
Published 19 May, 2013 12:00am
Euribor rates ease

Euribor rates ease

Euribor bank-to-bank lending rates fell on Friday as investors geared up for more monetary easing by the European Central Bank following weak economic data. Falling prices in Germany and France pulled euro zone consumer inflation to a three-year low in Ap
Published 19 May, 2013 12:00am
Long dollar bets rise to 11-month high

Long dollar bets rise to 11-month high

Currency speculators increased their bets in favour of the US dollar to the highest in 11 months in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $3
Published 19 May, 2013 12:00am
Zloty up, forint pauses rally

Zloty up, forint pauses rally

The Polish zloty edged up for the first time in a week on Friday after a rally in the forint decelerated and Prague stocks fell after miner NWR lost more than 14 percent. In the past week, the forint has gained over 0.5 percent to the euro on benign econo
Published 19 May, 2013 12:00am
Canadian dollar ends near two-month low

Canadian dollar ends near two-month low

The Canadian dollar closed weaker against its US counterpart on Friday after touching its softest level in more than two months on inflation data that was both far below expectations and well off the Bank of Canada's target range. Annual inflation fell in
Published 19 May, 2013 12:00am
Yemen general denounces 'sabotage' of air force

Yemen general denounces 'sabotage' of air force

Yemen's air force has been the target of "sabotage", the country's military aviation chief said in a televised interview, days after a fighter jet crashed in the capital Sanaa. "The air force is the target of systematic sabotage," General Rashed al-Janad
Published 19 May, 2013 12:00am
Turkey Prime Minister to sue opposition leader over Assad comparison

Turkey Prime Minister to sue opposition leader over Assad comparison

Turkish Prime Minister Recep Tayyip Erdogan will sue opposition leader Kemal Kilicdaroglu after he compared him to Syria's embattled president over deadly bombings near the border, media reported Saturday. "We will not allow anyone to call the prime minis
Published 19 May, 2013 12:00am
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