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Print - 2013-11-24
Taliban claim Karachi bomb attacks

Taliban claim Karachi bomb attacks

Taliban claimed responsibility on Saturday for the twin bomb attacks took place in Karachi overnight that killed at least six people and wounded 35 others. Shahidullah Shahid, a spokesman for Tehreek-e-Taliban Pakistan (TTP), told AFP that the attacks wer
Published 24 Nov, 2013 12:00am
Taliban claim Karachi bomb attacks

Taliban claim Karachi bomb attacks

Taliban claimed responsibility on Saturday for the twin bomb attacks took place in Karachi overnight that killed at least six people and wounded 35 others. Shahidullah Shahid, a spokesman for Tehreek-e-Taliban Pakistan (TTP), told AFP that the attacks wer
Published 24 Nov, 2013 12:00am
UK Attorney General singles out corruption in Pakistani community

UK Attorney General singles out corruption in Pakistani community

A top British official Saturday said corruption is rife among some ethnic groups in the country, especially Pakistanis, sparking angry reactions from community leaders. "Some minority communities come from backgrounds where corruption is endemic. We as po
Published 24 Nov, 2013 12:00am
UK Attorney General singles out corruption in Pakistani community

UK Attorney General singles out corruption in Pakistani community

A top British official Saturday said corruption is rife among some ethnic groups in the country, especially Pakistanis, sparking angry reactions from community leaders. "Some minority communities come from backgrounds where corruption is endemic. We as po
Published 24 Nov, 2013 12:00am
UN talks approve climate pact principles

UN talks approve climate pact principles

UN negotiators reached consensus Saturday on some of the cornerstones of an ambitious, global climate pact to be signed in 2015 in a bid to stave off dangerous warming. Nearly 24 hours into extra time, a plenary meeting approved a modified text, thrashed
Published 24 Nov, 2013 12:00am
Strategic reserves: TCP to procure 0.15 million tons of sugar

Strategic reserves: TCP to procure 0.15 million tons of sugar

State-run grain trader will procure some 0.15 million tons of sugar from domestic mills to maintain the strategic reserves. Sources told Business Recorder on Saturday that federal government has already issued directive to Trading Corporation of Pa
Published 24 Nov, 2013 12:00am
No more risks of contagion in eurozone: Germany

No more risks of contagion in eurozone: Germany

German Finance Minister Wolfgang Schaeuble said on Saturday that there were no longer any risks of contagion in the eurozone, and Greek Prime Minister Antonis Samaras stressed his country did not need a further bailout. Schaeuble said Greece''s achievemen
Published 24 Nov, 2013 12:00am
No more risks of contagion in eurozone: Germany

No more risks of contagion in eurozone: Germany

German Finance Minister Wolfgang Schaeuble said on Saturday that there were no longer any risks of contagion in the eurozone, and Greek Prime Minister Antonis Samaras stressed his country did not need a further bailout. Schaeuble said Greece's achievement
Published 24 Nov, 2013 12:00am
No more risks of contagion in eurozone: Germany

No more risks of contagion in eurozone: Germany

German Finance Minister Wolfgang Schaeuble said on Saturday that there were no longer any risks of contagion in the eurozone, and Greek Prime Minister Antonis Samaras stressed his country did not need a further bailout. Schaeuble said Greece's achievement
Published 24 Nov, 2013 12:00am
Kerry joins Iran talks to push for nuclear breakthrough

Kerry joins Iran talks to push for nuclear breakthrough

Foreign ministers from Iran and six world powers laboured on Saturday to overcome remaining difficulties and clinch a breakthrough deal aimed at allaying Western suspicions over Tehran's atomic ambitions. With the sides edging closer, US Secretary of Stat
Published 24 Nov, 2013 12:00am
Kerry joins Iran talks to push for nuclear breakthrough

Kerry joins Iran talks to push for nuclear breakthrough

Foreign ministers from Iran and six world powers laboured on Saturday to overcome remaining difficulties and clinch a breakthrough deal aimed at allaying Western suspicions over Tehran's atomic ambitions. With the sides edging closer, US Secretary of Stat
Published 24 Nov, 2013 12:00am
India mulling constructing wall?

India mulling constructing wall?

Indian authorities are planning to construct a 10-metre high embankment along the 198-km stretch that separates occupied Kashmir from Pakistan. The security wall will be higher and wider than both the Berlin Wall and the serpentine barrier that Tel Aviv i
Published 24 Nov, 2013 12:00am
India mulling constructing wall?

India mulling constructing wall?

Indian authorities are planning to construct a 10-metre high embankment along the 198-km stretch that separates occupied Kashmir from Pakistan. The security wall will be higher and wider than both the Berlin Wall and the serpentine barrier that Tel Aviv i
Published 24 Nov, 2013 12:00am
Pakistan-India relations: Nawaz seeks to end visa restrictions

Pakistan-India relations: Nawaz seeks to end visa restrictions

Prime Minister Nawaz Sharif on Saturday said Pakistan wants to end visa restrictions with India. Addressing the inaugural session of fourth International Alhamra Literary and Culture Conference at a certificate distribution ceremony, Sharif said that a ch
Published 24 Nov, 2013 12:00am
Pakistan-India relations: Nawaz seeks to end visa restrictions

Pakistan-India relations: Nawaz seeks to end visa restrictions

Prime Minister Nawaz Sharif on Saturday said Pakistan wants to end visa restrictions with India. Addressing the inaugural session of fourth International Alhamra Literary and Culture Conference at a certificate distribution ceremony, Sharif said that a ch
Published 24 Nov, 2013 12:00am
Hungary''s MOL set to add gas and oil to system

Hungary''s MOL set to add gas and oil to system

Hungarian Oil and Gas Company MOL is all set to add 28 mmcfd gas and 7,300 barrels of crude oil to the system from Makhori East-III field by the end of January 2014, officials said. Sources told Business Recorder that MOL is the operator of the Tal
Published 24 Nov, 2013 12:00am
Hungary's MOL set to add gas and oil to system

Hungary's MOL set to add gas and oil to system

Hungarian Oil and Gas Company MOL is all set to add 28 mmcfd gas and 7,300 barrels of crude oil to the system from Makhori East-III field by the end of January 2014, officials said. Sources told Business Recorder that MOL is the operator of the Tal
Published 24 Nov, 2013 12:00am
Hungary's MOL set to add gas and oil to system

Hungary's MOL set to add gas and oil to system

Hungarian Oil and Gas Company MOL is all set to add 28 mmcfd gas and 7,300 barrels of crude oil to the system from Makhori East-III field by the end of January 2014, officials said. Sources told Business Recorder that MOL is the operator of the Tal
Published 24 Nov, 2013 12:00am
Khurshid Shah likely to head PAC

Khurshid Shah likely to head PAC

Leader of Opposition in the National Assembly Syed Khurshid Ahmed Shah is likely to head the Public Accounts Committee (PAC), it is learnt. The Opposition Leader is not a member of the PAC, however, the Speaker of the National Assembly has the power to ch
Published 24 Nov, 2013 12:00am
Khurshid Shah likely to head PAC

Khurshid Shah likely to head PAC

Leader of Opposition in the National Assembly Syed Khurshid Ahmed Shah is likely to head the Public Accounts Committee (PAC), it is learnt. The Opposition Leader is not a member of the PAC, however, the Speaker of the National Assembly has the power to ch
Published 24 Nov, 2013 12:00am
Khurshid Shah likely to head PAC

Khurshid Shah likely to head PAC

Leader of Opposition in the National Assembly Syed Khurshid Ahmed Shah is likely to head the Public Accounts Committee (PAC), it is learnt. The Opposition Leader is not a member of the PAC, however, the Speaker of the National Assembly has the power to ch
Published 24 Nov, 2013 12:00am
Egypt expels Turkish envoy, Turkey retaliates

Egypt expels Turkish envoy, Turkey retaliates

Egypt said on Saturday it was expelling Turkey's ambassador and accused Ankara of backing organisations bent on undermining the country - an apparent reference to the Muslim Brotherhood of ousted Egyptian president Mohamed Mursi. Turkey, which had forged
Published 24 Nov, 2013 12:00am
Egypt expels Turkish envoy, Turkey retaliates

Egypt expels Turkish envoy, Turkey retaliates

Egypt said on Saturday it was expelling Turkey's ambassador and accused Ankara of backing organisations bent on undermining the country - an apparent reference to the Muslim Brotherhood of ousted Egyptian president Mohamed Mursi. Turkey, which had forged
Published 24 Nov, 2013 12:00am
Afghanistan drawdown: US, Pakistan defence officials end talks

Afghanistan drawdown: US, Pakistan defence officials end talks

US and Pakistani defence officials concluded a defence dialogue Friday in Washington, focusing on the security situation during and after the US troops drawdown in Afghanistan, the Pentagon announced. According to a Pentagon statement, officials held the
Published 24 Nov, 2013 12:00am
Afghanistan drawdown: US, Pakistan defence officials end talks

Afghanistan drawdown: US, Pakistan defence officials end talks

US and Pakistani defence officials concluded a defence dialogue Friday in Washington, focusing on the security situation during and after the US troops drawdown in Afghanistan, the Pentagon announced. According to a Pentagon statement, officials held the
Published 24 Nov, 2013 12:00am
LNG project: ISGS managing director faces tough questions

LNG project: ISGS managing director faces tough questions

Elengy Terminal Pakistan Limited (ETPL) and Pakistan Gas Port Limited (PGPL), the only two companies which participated in the LNG tender process undertaken by Inter State Gas Systems Limited (ISGS), remain at loggerheads as the government swiftly moved t
Published 24 Nov, 2013 12:00am
LNG project: ISGS managing director faces tough questions

LNG project: ISGS managing director faces tough questions

Elengy Terminal Pakistan Limited (ETPL) and Pakistan Gas Port Limited (PGPL), the only two companies which participated in the LNG tender process undertaken by Inter State Gas Systems Limited (ISGS), remain at loggerheads as the government swiftly moved t
Published 24 Nov, 2013 12:00am
LNG project: ISGS managing director faces tough questions

LNG project: ISGS managing director faces tough questions

Elengy Terminal Pakistan Limited (ETPL) and Pakistan Gas Port Limited (PGPL), the only two companies which participated in the LNG tender process undertaken by Inter State Gas Systems Limited (ISGS), remain at loggerheads as the government swiftly moved t
Published 24 Nov, 2013 12:00am
Shakeel Afridi charged with murder, fraud

Shakeel Afridi charged with murder, fraud

Authorities have charged the doctor who helped the CIA find Osama bin Laden with murder and fraud, officials and a defence lawyer said on Saturday. "A murder and fraud case was registered against Shakeel Afridi this week after a tribal woman accused him o
Published 24 Nov, 2013 12:00am
Shakeel Afridi charged with murder, fraud

Shakeel Afridi charged with murder, fraud

Authorities have charged the doctor who helped the CIA find Osama bin Laden with murder and fraud, officials and a defence lawyer said on Saturday. "A murder and fraud case was registered against Shakeel Afridi this week after a tribal woman accused him o
Published 24 Nov, 2013 12:00am
PTI 'solo flight' to undermine national unity: JUI-F

PTI 'solo flight' to undermine national unity: JUI-F

Jamiat Ulema-e-Islam-Fazl (JUI-F) Saturday accused Pakistan Tehreek-e-Insaf (PTI) of undermining national unity by taking 'solo-flight' on blocking the Nato supply passing through Khyber Pakhtunkhwa. Commenting on PTI's sit-in to stop the Nato supplies in
Published 24 Nov, 2013 12:00am
PTI 'solo flight' to undermine national unity: JUI-F

PTI 'solo flight' to undermine national unity: JUI-F

Jamiat Ulema-e-Islam-Fazl (JUI-F) Saturday accused Pakistan Tehreek-e-Insaf (PTI) of undermining national unity by taking 'solo-flight' on blocking the Nato supply passing through Khyber Pakhtunkhwa. Commenting on PTI's sit-in to stop the Nato supplies in
Published 24 Nov, 2013 12:00am
Altaf dares parties to call Taliban enemies of humanity

Altaf dares parties to call Taliban enemies of humanity

Muttahida Qaumi Movement Quaid Altaf Hussain on Saturday dared all the political and religious parties to categorically call Taliban enemies of humanity, a local TV channel reported. "All those who are protesting against US drone attacks by staging sit-in
Published 24 Nov, 2013 12:00am
Altaf dares parties to call Taliban enemies of humanity

Altaf dares parties to call Taliban enemies of humanity

Muttahida Qaumi Movement Quaid Altaf Hussain on Saturday dared all the political and religious parties to categorically call Taliban enemies of humanity, a local TV channel reported. "All those who are protesting against US drone attacks by staging sit-in
Published 24 Nov, 2013 12:00am
Thousands rally against drone strikes

Thousands rally against drone strikes

Pakistan Tehreek-e-Insaf chairman Imran Khan on Saturday staged an impressive protest demonstration against US strikes, threatening to block Nato supply routes if strikes continue. The call of sit-in was given by the PTI-led KP government after a US drone
Published 24 Nov, 2013 12:00am
Thousands rally against drone strikes

Thousands rally against drone strikes

Pakistan Tehreek-e-Insaf chairman Imran Khan on Saturday staged an impressive protest demonstration against US strikes, threatening to block Nato supply routes if strikes continue. The call of sit-in was given by the PTI-led KP government after a US drone
Published 24 Nov, 2013 12:00am
Polio vaccination drive: Taliban kidnap 11 teachers

Polio vaccination drive: Taliban kidnap 11 teachers

Militants kidnapped 11 Pakistani teachers involved in a polio vaccination campaign for school children on Saturday, officials said, the latest in a string of attacks on health workers trying to eradicate the deadly disease. The teachers were taken from th
Published 24 Nov, 2013 12:00am
Polio vaccination drive: Taliban kidnap 11 teachers

Polio vaccination drive: Taliban kidnap 11 teachers

Militants kidnapped 11 Pakistani teachers involved in a polio vaccination campaign for school children on Saturday, officials said, the latest in a string of attacks on health workers trying to eradicate the deadly disease. The teachers were taken from th
Published 24 Nov, 2013 12:00am
The Weather

The Weather

The weather report on Saturday (November 23, 2013) and the forecast for Sunday (November 24, 2013).

Published 24 Nov, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 23, 2013).

Published 24 Nov, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 23, 2013).

Published 24 Nov, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 23, 2013).

Published 24 Nov, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (November 23, 2013).

Published 24 Nov, 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 (November 23, 2013).

Published 24 Nov, 2013 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (November 23, 2013).

Published 24 Nov, 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 (November 23, 2013).

Published 24 Nov, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 23, 2013).

Published 24 Nov, 2013 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 23, 2013).

Published 24 Nov, 2013 12:00am
THE RUPEE: rates inert

THE RUPEE: rates inert

The rupee maintained its overnight levels against the dollar on the currency market on Saturday, dealers said. The rupee held the last levels against the dollar for buying and selling at Rs 108.80 and Rs 109.00 respectively, while it also lost 50 paisa ve
Published 24 Nov, 2013 12:00am
THE RUPEE: rates inert

THE RUPEE: rates inert

The rupee maintained its overnight levels against the dollar on the currency market on Saturday, dealers said. The rupee held the last levels against the dollar for buying and selling at Rs 108.80 and Rs 109.00 respectively, while it also lost 50 paisa ve
Published 24 Nov, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (November 23, 2013).

Published 24 Nov, 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 (November 23, 2013).

Published 24 Nov, 2013 12:00am
FOB Gulf soya offers hold on export demand as futures rally

FOB Gulf soya offers hold on export demand as futures rally

Soyabean export premiums at the US Gulf Coast were little changed on Friday amid higher futures prices and solid export demand for early 2014 shipments, traders said. Nearby FOB basis offers were unquoted as loading capacity at the Gulf was effectively so
Published 24 Nov, 2013 12:00am
Food subsidies knotty issues as US farm talks drag on

Food subsidies knotty issues as US farm talks drag on

Time is quickly running out to write a new $500 billion US farm policy this year and one of the biggest problems facing the four key negotiators on the project is how much to cut spending on food stamps for the poor. Without an agreement by the end of thi
Published 24 Nov, 2013 12:00am
Indian rapeseed output to rise

Indian rapeseed output to rise

India could produce up to 13 percent more rapeseed oil in 2014 as farmers take advantage of monsoon-soaked land to grow the more lucrative crop, traders said, which would help curb imports and its trade deficit. Rape needs damper conditions than do other
Published 24 Nov, 2013 12:00am
Oil cake market rates

Oil cake market rates

Mixed trend was seen on the forward cottonseeds oilcake market on Saturday in process of trading, dealers said. The December vaida closed at Rs 955.10 and it opened with rise of 20 paisa at Rs 955.30 in the morning session, they said. The January contract
Published 24 Nov, 2013 12:00am
Cotton market: prices fall amid conflicting reports about output

Cotton market: prices fall amid conflicting reports about output

Official spot rate was higher on the cotton market on Saturday, dealers said on Friday. The official spot rate was lower by Rs 50Rs 6,400, they said. Price of seed cotton in Sindh per 40 kg were down by Rs 100 to Rs 1900-2800 and, in Punjab rates came dow
Published 24 Nov, 2013 12:00am
Rains support Argentinean soya planting

Rains support Argentinean soya planting

Argentine farmers had planted 37.3 percent of expected soyabean area as of Thursday, an advance of 15 percentage points from the previous week as rains improved soil conditions, the Buenos Aires Grains Exchange said in its weekly crop report. The exchange
Published 24 Nov, 2013 12:00am
US wheat futures end firm, post weekly gains

US wheat futures end firm, post weekly gains

US wheat futures rose on Friday on support from concerns about crop production from countries in the Southern Hemisphere, traders said. KCBT hard red winter wheat led the gains, with the December contract rising 1 percent. Hard red winter wheat is the mos
Published 24 Nov, 2013 12:00am
US corn futures close firm on spillover from soya rally

US corn futures close firm on spillover from soya rally

Chicago Board of Trade corn futures closed firm on Friday on spillover buying from a strong rally in the soyabean futures, traders said. CBOT December corn last traded up 1/4 cent per bushel at $4.23-1/4. Cash corn basis bids were steady to mixed at US Mi
Published 24 Nov, 2013 12:00am
Lean business on grain market

Lean business on grain market

Lean business was seen on the wholesale grain market on Saturday, dealers said. On the cereals side, Moong Punjab gained sharply by Rs 375 to Rs 9875 and Monng Peshawar adopted the same pattern, rising by Rs 125 to Rs 10500, while the other items managed
Published 24 Nov, 2013 12:00am
Corn prices labouring under weight of bumper US crop

Corn prices labouring under weight of bumper US crop

As US farmers wind down the harvest of a record corn crop, the seismic shift from tight stocks to a mountain of yellow grain has driven Chicago Board of Trade (CBOT) spot corn prices to their lowest levels in three years. Some analysts said improving dema
Published 24 Nov, 2013 12:00am
Wheat demand rush at French port triggers price rise for Egypt

Wheat demand rush at French port triggers price rise for Egypt

A rush in demand to ship wheat from the France's north-west port of Dunkirk, one of the most competitive gates to export grain to Egypt, has contributed to a penalising rise in French wheat prices, traders said on Thursday. But Egypt, the world's largest
Published 24 Nov, 2013 12:00am
Soyabeans rally over two percent on export demand

Soyabeans rally over two percent on export demand

US soyabean futures rallied more than 2 percent on Friday on firm cash markets, good export demand and spillover strength from higher soyameal futures, which surged more than 4 percent. Wheat futures edged higher for a second straight day, aiming for the
Published 24 Nov, 2013 12:00am
EU wheat at five-month high on brisk exports

EU wheat at five-month high on brisk exports

European wheat futures rose on Thursday to their highest in more than five months as strong export demand continued to bolster prices in western Europe. Interest from Morocco, which is set to suspend import duties on wheat from January, was bringing fresh
Published 24 Nov, 2013 12:00am
US corn options expire quietly

US corn options expire quietly

December corn options on the Chicago Board of Trade expired quietly on Friday after the December futures contract settled at $4.22-1/4 per bushel, skirting large open interest at the $4.20 and $4.30 strikes. Early in the week, December corn futures dipped
Published 24 Nov, 2013 12:00am
Canadian canola futures rise two percent

Canadian canola futures rise two percent

Canadian canola futures rallied 2 percent on Thursday, their biggest gain in nearly three months, as the market's recent decline to a three-week low boosted demand from crushers, traders said. Firm soyoil prices also boosted the profit margins at crushers
Published 24 Nov, 2013 12:00am
USDA aims to sell all surplus sugar, raise prices

USDA aims to sell all surplus sugar, raise prices

In a step to bolster US sugar prices the government sold three-fourths of its stockpile of surplus sugar to ethanol makers on Friday and immediately offered to sell the rest for biofuels and other nonfood uses. The sales aim to raise prices by selling the
Published 24 Nov, 2013 12:00am
French pilots' union calls Monday strike against easyJet

French pilots' union calls Monday strike against easyJet

The French pilots' union SNPL called a one-day strike against easyJet for Monday, accusing the British budget airline of not adequately sharing with employees record profits it announced earlier in the week. Ninety percent of easyJet pilots in France belo
Published 24 Nov, 2013 12:00am
South Korea to buy 40 Lockheed F-35s, further 20 jets still open

South Korea to buy 40 Lockheed F-35s, further 20 jets still open

South Korea will buy 40 Lockheed Martin Corp F-35 stealth fighter jets, the country's military chiefs decided on Friday, with the first delivery expected in 2018, settling a drawn-out process to beef up the country's defences. A Joint Chiefs of Staff meet
Published 24 Nov, 2013 12:00am
South Korea to buy 40 Lockheed F-35s, further 20 jets still open

South Korea to buy 40 Lockheed F-35s, further 20 jets still open

South Korea will buy 40 Lockheed Martin Corp F-35 stealth fighter jets, the country's military chiefs decided on Friday, with the first delivery expected in 2018, settling a drawn-out process to beef up the country's defences. A Joint Chiefs of Staff meet
Published 24 Nov, 2013 12:00am
US judge throws out SEC lawsuit over 'suspicious' Onyx trading

US judge throws out SEC lawsuit over 'suspicious' Onyx trading

Two traders have won the dismissal of a US Securities and Exchange Commission lawsuit accusing them of insider trading in Onyx Pharmaceuticals Inc as the company considered a takeover bid from rival Amgen Inc. The decision by US District Judge Paul Oetken
Published 24 Nov, 2013 12:00am
US business borrowing for equipment unchanged in October

US business borrowing for equipment unchanged in October

US companies' borrowing to spend on capital investment was unchanged in October, the Equipment Leasing and Finance Association (ELFA) said. Companies signed up for $7.6 billion in new loans, leases and lines of credit last month, unchanged from a year ear
Published 24 Nov, 2013 12:00am
Peugeot's CEO prepares to step aside for Dongfeng deal

Peugeot's CEO prepares to step aside for Dongfeng deal

PSA Peugeot Citroen is interviewing candidates to replace Chief Executive Philippe Varin, after Chinese partner Dongfeng said a deeper alliance under negotiation should be accompanied by management change, sources with knowledge of the matter said. Varin
Published 24 Nov, 2013 12:00am
Biogen wins 10 years' protection for multiple sclerosis drug in Europe

Biogen wins 10 years' protection for multiple sclerosis drug in Europe

Biogen Idec has won 10 years of regulatory exclusivity for its top-selling multiple sclerosis (MS) drug Tecfidera in Europe, paving the way for its launch in markets that could account for a large chunk of future sales. The European Medicines Agency (EMA)
Published 24 Nov, 2013 12:00am
Canada inflation tame but retail sales jump surprises

Canada inflation tame but retail sales jump surprises

Tame Canadian inflation figures on Friday lent support to the central bank's stance of keeping interest rates ultra-low, but surprisingly upbeat retail sales data signalled pockets of economic vitality. Statistics Canada said annual inflation in October d
Published 24 Nov, 2013 12:00am
Norway to join Chinese firm in Iceland oil exploration

Norway to join Chinese firm in Iceland oil exploration

Norway said it would team up with a Chinese firm to explore for oil offshore Iceland, in a rare co-operation for the two countries since a diplomatic row over the award of the 2010 Nobel Peace Prize to Chinese dissident Liu Xiaobo. Norway has the right to
Published 24 Nov, 2013 12:00am
Germany's Bauer plans job cuts

Germany's Bauer plans job cuts

German construction and machinery group Bauer is planning to cut its workforce by as much as 3 percent, its chief executive told a newspaper after the company warned it would post a loss this year. "We have to cut jobs, including in Germany," German weekl
Published 24 Nov, 2013 12:00am
UK to buy 50 million pound of UN carbon credits to help poor countries

UK to buy 50 million pound of UN carbon credits to help poor countries

The British government said it would buy 50 million pounds ($80.7 million) of UN carbon credits and cancel them as a way to help fund development and curb greenhouse gas emissions in poor countries. The government's Carbon Market Finance initiative will b
Published 24 Nov, 2013 12:00am
India's capital market regulator seeks better disclosures from companies

India's capital market regulator seeks better disclosures from companies

India's capital market regulator said on Monday it would empower the country's exchanges to enforce rules on corporate disclosures at listed companies, aiming to improve transparency, especially of market-sensitive information. The Securities and Exchange
Published 24 Nov, 2013 12:00am
As demand eases, US gold stocks rise to seven-month high

As demand eases, US gold stocks rise to seven-month high

Eligible gold stocks sitting inside US exchange warehouses have risen to a seven-month high, a sign that physical demand has weakened after April's historic price drop unleashed a bout of pent-up buying. The return of some of the gold to the warehouses af
Published 24 Nov, 2013 12:00am
Algeria prepares to open bourse to foreign investors

Algeria prepares to open bourse to foreign investors

Algeria is preparing to allow foreign investors to buy shares on its stock exchange, where authorities hope the number of listed companies will rise from four to 50 in the next five years, the head of the bourse told Reuters. The expansion plan is part of
Published 24 Nov, 2013 12:00am
Treasuries outlook: prices gain, reversing drop after taper talk

Treasuries outlook: prices gain, reversing drop after taper talk

Prices for longer-dated US Treasuries rose on Friday, retaking ground lost earlier in the week on concerns the Federal Reserve might soon slow its massive asset-purchase program meant to help prop up the economy. The curve this week shifted to its steepes
Published 24 Nov, 2013 12:00am
Treasuries outlook: prices gain, reversing drop after taper talk

Treasuries outlook: prices gain, reversing drop after taper talk

Prices for longer-dated US Treasuries rose on Friday, retaking ground lost earlier in the week on concerns the Federal Reserve might soon slow its massive asset-purchase program meant to help prop up the economy. The curve this week shifted to its steepes
Published 24 Nov, 2013 12:00am
China tech companies shine in US debut as IPO market booms

China tech companies shine in US debut as IPO market booms

Shares of 500.com Ltd and Sungy Mobile Ltd, surged in their US debuts on Friday, as investors bet on Chinese technology companies backed by marquee underwriters. Investor appetite for Chinese companies seems to have recovered after a series of accounting
Published 24 Nov, 2013 12:00am
India's new 10-year benchmark bond rallies

India's new 10-year benchmark bond rallies

The new 10-year benchmark bond rallied after being issued in an auction on Friday, but prices for other bonds fell given continued concerns about inflation and the uncertain prospect of central bank debt purchases to relieve tight liquidity conditions. A
Published 24 Nov, 2013 12:00am
India's new 10-year benchmark bond rallies

India's new 10-year benchmark bond rallies

The new 10-year benchmark bond rallied after being issued in an auction on Friday, but prices for other bonds fell given continued concerns about inflation and the uncertain prospect of central bank debt purchases to relieve tight liquidity conditions. A
Published 24 Nov, 2013 12:00am
Canada's main index little changed

Canada's main index little changed

Canada's main stock index was little changed on Friday, with gains in the financial sector offset by declines in energy and material shares after commodity prices had a volatile session. Gold bullion showed little signs of stabilising after a choppy week,
Published 24 Nov, 2013 12:00am
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