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Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-05-20
Punjab Assembly adopts pro-army resolution

Punjab Assembly adopts pro-army resolution

In absence of opposition benches, the Punjab Assembly on Monday passed a resolution to express solidarity with the armed forces. Punjab Law Minister Rana Sanaullah tabled a resolution that stated that this House expresses complete solidarity with the arme
Published 20 May, 2014 12:00am
Deutsche Bank turns to Qatar in massive capital hike

Deutsche Bank turns to Qatar in massive capital hike

Deutsche Bank is turning to the Qatari royal family in a bid to raise 8.0 billion euros ($11 billion) in fresh funding and assuage fears over its capital strength. Germany's biggest lender unveiled late Sunday plans to implement the second-biggest capital
Published 20 May, 2014 12:00am
Free medical camp organised in Swabi

Free medical camp organised in Swabi

Home Secretary KPK Syed Akhtar Ali Shah inaugurated free medical camp under the auspices Syed Mehmood Shah Memorial Trust, in collobration with Health Department, Swabi. The camp was open to general public from 0800hrs to 1400hrs. Team of specialist docto
Published 20 May, 2014 12:00am
Mansehra gang rape: ATC sends accused on 10-day physical remand

Mansehra gang rape: ATC sends accused on 10-day physical remand

An anti terrorism court in Abbottabad on Monday handed over three accused of gang raping a female student in Mansehra to police on ten days physical remand. The accused were produced in an ATC where the court granted physical remand of the accused for ten
Published 20 May, 2014 12:00am
Paucity of funds stalls construction of new GHQ

Paucity of funds stalls construction of new GHQ

The construction work of new Army General Headquarter at Islamabad has been stalled due to shortage of funds. However, the project would be completed as per plan conceived at the beginning when Islamabad was declared capital, Additional Secretary Ministry
Published 20 May, 2014 12:00am
Country likely to miss wheat production target

Country likely to miss wheat production target

Country is likely to miss the wheat production target of 25.33 million tons for 2013-14 because of recent widespread rains coupled with hailstorms particularly in Khyber Pakhtunkhwa (KP). Sources in Ministry of National Food Security and Research said tha
Published 20 May, 2014 12:00am
Teradata announces National IT Excellence Awards

Teradata announces National IT Excellence Awards

Teradata (NYSE: TDC), the analytic data platforms, marketing applications and services company, announced winners of the 12th Teradata National IT Excellence Awards. Shahid Khaqan Abbasi Federal Minister for Petroleum and Natural Resources was the chief g
Published 20 May, 2014 12:00am
Khyber Pakhtunkhwa IGP rewards police for busting criminal gang

Khyber Pakhtunkhwa IGP rewards police for busting criminal gang

The Inspector General of Police of Khyber Pakhtunkhwa, Nasir Khan Durrani, has said that Mansehra and Haripur police have set excellent example of people-friendly and professional policing by arresting the three members of a gang involved in the alleged r
Published 20 May, 2014 12:00am
Four bodies found in Mohmand Agency

Four bodies found in Mohmand Agency

Four bodies were recovered from Tehsil Yakka Ghond area of Mohmand Agency on Monday. According to the political administration of the area, the bodies were found dumped along the road in Karpa area; these persons were shot dead. The bodies have been shift
Published 20 May, 2014 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold erased initial gains to end flat on Monday as rising US equities decreased bullion's appeal as a hedge, sending the metal below the key $1,300-an-ounce level. Platinum climbed, extending last week's gain, its strongest performance in six weeks, on su
Published 20 May, 2014 12:00am
US MIDDAY: corn drops

US MIDDAY: corn drops

US corn futures eased for a fourth straight session on Monday and dipped to their lowest level since March as periods of warm, dry weather this week should accelerate planting across the Midwest following weeks of rain delays and unseasonable cold. Chicag
Published 20 May, 2014 12:00am
Gold edges above $1,300; platinum gains in Europe

Gold edges above $1,300; platinum gains in Europe

Gold prices picked up on Monday, breaking back above the $1,300-an-ounce level as the dollar and equity markets slipped, although strong US economic data capped gains. Platinum group metals extended gains after posting their strongest weekly performance i
Published 20 May, 2014 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold steadied on Monday after two consecutive sessions of losses but remained below the key $1,300-an-ounce level, weighed down by strong US economic data and waning investor interest. Platinum group metals added to gains after posting their strongest wee
Published 20 May, 2014 12:00am
Cocoa futures rise in London, ICE sugar falls

Cocoa futures rise in London, ICE sugar falls

Cocoa futures in London climbed on Monday to their highest level in more than two weeks as technical strength offset an outlook for a smaller-than-expected deficit. Raw sugar on ICE Futures US fell on producer-selling into a recent rally, and arabica coff
Published 20 May, 2014 12:00am
Malaysian palm oil falls to over three-month low

Malaysian palm oil falls to over three-month low

Malaysian palm oil futures fell to their lowest level in more than three months on Monday, following losses in overseas soyoil markets and a strong ringgit, which triggered technical selling late in the session, traders said. Concerns that demand could fi
Published 20 May, 2014 12:00am
Rubber jumps

Rubber jumps

Asian rubber futures rallied five percent on Monday after inventories in Shanghai fell to their lowest level since December and oil prices firmed, but worries about China's economy could limit gains. The most active rubber contract on Shanghai Futures Exc
Published 20 May, 2014 12:00am
Copper hits 11-week high; nickel jumps

Copper hits 11-week high; nickel jumps

Copper hit an 11-week high on Monday on dwindling global stocks and as investors bought to cover their bets that prices would fall, though gains were still limited by concerns about slower growth in top consumer China. Nickel jumped nearly 5 percent as in
Published 20 May, 2014 12:00am
Shanghai copper jumps

Shanghai copper jumps

The most-traded August copper contract on the Shanghai Futures Exchange jumped 1.2 percent to 48,950 yuan ($7,900) a tonne on Monday as China pledged to quicken the pace of financial reform, supporting growth in demand for commodities as global exchange s
Published 20 May, 2014 12:00am
Peru says coffee output could rise 15 percent in 2014 on higher prices

Peru says coffee output could rise 15 percent in 2014 on higher prices

Coffee output in Peru could grow by 15 percent this year as farmers boost planting in a bid to cash in on prices that have risen on the back of a historic drought in Brazil, the agriculture ministry said on Friday. Output in Peru could reach about 300,000
Published 20 May, 2014 12:00am
EU tackles massive food wasting 'best before' labelling

EU tackles massive food wasting 'best before' labelling

Several EU countries pressed Monday to change 'best before' food labelling, blamed for millions of tons of food being thrown away when getting a square meal is a daily struggle for many. European Union agriculture ministers discussed a document which argu
Published 20 May, 2014 12:00am
Uganda jails nurse for 'transmitting' HIV

Uganda jails nurse for 'transmitting' HIV

A court in Uganda on Monday jailed a HIV-infected nurse for three years for criminal negligence, after she inserted a needle into a two-year-old child after first pricking herself. Rosemary Namubiru, 64, was arrested in January and her case has been sharp
Published 20 May, 2014 12:00am
Chinese ships evacuate 3,500 from Vietnam

Chinese ships evacuate 3,500 from Vietnam

More than 3,500 Chinese citizens were evacuated from riot-hit Vietnam by sea on Monday, as Hanoi stifled fresh protests over a territorial dispute and foreign investors counted the cost. Passenger ships Wuzhishan, Tongguling, Zijing 12, and Baishiling col
Published 20 May, 2014 12:00am
South Korea's Park weeps as she apologises for ferry disaster

South Korea's Park weeps as she apologises for ferry disaster

South Korean President Park Geun-hye, tears rolling down her cheeks, formally apologised on Monday for a ferry disaster that killed about 300 people, mostly school children, and said she would dismantle the coast guard for failing in its duties. Park has
Published 20 May, 2014 12:00am
Nearly 100 arrests in hacker takedown

Nearly 100 arrests in hacker takedown

Police across Europe and North America have arrested nearly 100 people over a global scam that allowed hackers to infect 500,000 computers, steal data and demand ransom money. An online business known as Blackshades sold thousands of cybercriminals the ma
Published 20 May, 2014 12:00am
British plane sent to help schoolgirl search breaks down

British plane sent to help schoolgirl search breaks down

Britain's Ministry of Defence on Monday said that a spy plane sent to help in the search for the Nigerian schoolgirls kidnapped by Islamists had been grounded en route due to a fault. "A technical fault which has delayed the Sentinel aircraft on its way t
Published 20 May, 2014 12:00am
New MERS deaths take Saudi toll to 173

New MERS deaths take Saudi toll to 173

Saudi health authorities reported Monday new deaths from the MERS coronavirus, taking to 173 the overall number of fatalities from the disease in the world's worst-hit country. The health ministry said on its website that five people have died, including
Published 20 May, 2014 12:00am
Mali sends 1,500 troops to retake rebel stronghold

Mali sends 1,500 troops to retake rebel stronghold

Mali has sent 1,500 troops to retake the rebel stronghold of Kidal, military sources said Monday, after Tuareg separatists laid siege to local government offices, sparking a gun battle in which dozens of people were killed. Eight soldiers and 28 insurgent
Published 20 May, 2014 12:00am
Russia orders troops back to bases ahead of Ukraine vote

Russia orders troops back to bases ahead of Ukraine vote

Russia said Monday it had ordered troops near the border with Ukraine to return to their bases, just days ahead of a presidential vote aimed at bringing the country out of deep crisis. The move could ease tensions, but both Washington and Nato - which not
Published 20 May, 2014 12:00am
Maliki emerges atop Iraq poll in bid to remain Prime Minister

Maliki emerges atop Iraq poll in bid to remain Prime Minister

Iraqi Prime Minister Nuri al-Maliki won by far the most seats in parliamentary elections, results showed Monday, putting him in the driver's seat for a third term despite vocal opposition. His State of Law alliance fell short of an overall majority, howev
Published 20 May, 2014 12:00am
Floods affect over one million in Balkans

Floods affect over one million in Balkans

Bosnia said on Monday that more than a quarter of its 4 million people had been affected by the worst floods to hit the Balkans in living memory, comparing the "terrifying" destruction to that of the country's 1992-95 war. The extent of the devastation be
Published 20 May, 2014 12:00am
Libyan government proposes parliament recess over crisis

Libyan government proposes parliament recess over crisis

The Libyan government on Monday proposed an initiative aimed at saving the country from plunging into civil war, calling on the disputed parliament to go into recess. An open letter published on the government's website said the General National Congress
Published 20 May, 2014 12:00am
Elite Libyan unit says it joins rogue general's forces

Elite Libyan unit says it joins rogue general's forces

An elite Libyan unit's commander said on Monday his troops were joining paramilitaries in the eastern city of Benghazi commanded by a retired general who has vowed to eradicate "terrorism". "We are joining the battle of 'dignity' launched by the Libyan Na
Published 20 May, 2014 12:00am
Zambia's deputy air force chief killed in plane crash

Zambia's deputy air force chief killed in plane crash

A Zambia air force plane crashed on Monday during a routine training exercise, killing two people including the force's second-in-command, the country's defence minister said. Edgar Lungu said the plane was being flown by deputy ZAF commander Muliokela Mu
Published 20 May, 2014 12:00am
New Zealand says skipper McCullum not corrupt

New Zealand says skipper McCullum not corrupt

New Zealand Cricket (NZC) said Monday that Blacks Caps captain Brendon McCullum was not under investigation for corruption after reports surfaced that he was approached to fix matches in 2008. NZC said it was "dismayed" that McCullum's testimony to the In
Published 20 May, 2014 12:00am
Hathurusingha named Bangladesh coach

Hathurusingha named Bangladesh coach

Former Sri Lanka batsman Chandika Hathurusingha will take over as Bangladesh coach on a two-year contract, local cricket board chief Nazmul Hassan said on Monday. This will be Hathurusingha's first stint in charge of an international side, replacing Austr
Published 20 May, 2014 12:00am
Leon retain Mexican title

Leon retain Mexican title

Leon retained their Mexican league crown with a 2-0 second leg win on Sunday and a 4-3 aggregate victory over Pachuca in the final played between two teams owned by the same financial group. Multi-millionaire magnate Carlos Slim holds a majority 30 percen
Published 20 May, 2014 12:00am
Van Gaal named as United's new manager

Van Gaal named as United's new manager

Dutchman Louis van Gaal was named as Manchester United's new manager, with Ryan Giggs as his assistant, as the Premier League club issued a statement confirming the worst-kept secret in the game on Monday. Former Ajax Amsterdam, Barcelona and Bayern Munic
Published 20 May, 2014 12:00am
Asada to sit out next season, think about retirement

Asada to sit out next season, think about retirement

Japanese figure skater Mao Asada, the veteran of two winter Olympic Games, plans to sit out the 2014-2015 competitive season but remains unsure about retirement and wants to take the year to think about her future plans. Asada, who took a silver medal at
Published 20 May, 2014 12:00am
'Proud' Giggs retires from football

'Proud' Giggs retires from football

Ryan Giggs announced Monday he was retiring from his career as a player following his appointment as assistant manager to newly-installed Manchester United boss Louis van Gaal. The 40-year-old one-club man revealed his decision in an open letter to suppor
Published 20 May, 2014 12:00am
Zaka Ashraf again assumes PCB chairmanship

Zaka Ashraf again assumes PCB chairmanship

Expressing gratitude to the independent judiciary, Chaudhry Zaka Ashraf Monday said that his reinstatement as Pakistan Cricket Board (PCB) chairman is outcome of righteousness and truthfulness. "I am an elected PCB chairman, board is also elected one and
Published 20 May, 2014 12:00am
Brazil Ambassador honours Pakistani Street Child Football team

Brazil Ambassador honours Pakistani Street Child Football team

On the occasion of the 2014 Football World Cup, which will take place in Brazil, on June and July this year, the Ambassador of Brazil, Alfredo Leoni, hosted a ceremony here at the Embassy of Brazil in honour of Pakistani Street Child Football Team, who wa
Published 20 May, 2014 12:00am
Apologetic Messi says future depends on Barca fans

Apologetic Messi says future depends on Barca fans

Barcelona striker Lionel Messi insisted Monday he remains committed to the club despite a disappointing trophy-less season but would only stay on as long as it felt "affection" for him. Messi agreed a new contract with the club worth a reported 20 million
Published 20 May, 2014 12:00am
Anti-doping body bans use of xenon gas

Anti-doping body bans use of xenon gas

The World Anti-Doping Agency banned the inhalation of xenon and argon gas Sunday, saying it could illegally enhance the performance of athletes. Top Russian athletes were said to have used xenon at Olympic Games from Athens 2004 right up to the Sochi 2014
Published 20 May, 2014 12:00am
Azarenka out of French Open

Azarenka out of French Open

World number five Victoria Azarenka has withdrawn from the French Open as she continues to recover from a foot injury that forced her earlier withdrawals from tournaments in Doha, Miami, Madrid and Rome. "Unfortunately I will not be able to compete in Rol
Published 20 May, 2014 12:00am
Goalline technology back in focus after German Cup final

Goalline technology back in focus after German Cup final

Goalline technology moved back into the spotlight in Germany after a controversial decision in the German Cup final between Bayern Munich and Borussia Dortmund on Saturday, less than two months after its introduction was rejected by the league. Dortmund w
Published 20 May, 2014 12:00am
Sterling subdued

Sterling subdued

Sterling was subdued on Monday on growing expectations the Bank of England will step in to cool the UK housing market, giving it more leeway to keep interest rates lower for longer to support recovery in other parts of the economy. BoE Governor Mark Carne
Published 20 May, 2014 12:00am
Ringgit climbs

Ringgit climbs

The Malaysian ringgit hit a six-month high on Monday after data showed stronger-than-expected growth and a wider current account surplus, while most emerging Asian currencies gained on expectations of lower interest rates in developed countries. The Indon
Published 20 May, 2014 12:00am
Indian rupee retreats

Indian rupee retreats

The Indian rupee strengthened to an 11-month high on Monday, gaining for a fourth consecutive session as strong foreign inflows led domestic equities to record closing highs after the election of a new government to be led by Narendra Modi. However, conti
Published 20 May, 2014 12:00am
Australian and New Zealand dollar up

Australian and New Zealand dollar up

The Australian and New Zealand dollars spent Monday on the sidelines with progress capped by stiff chart resistance and uncertainty over Europe and the United States. The Aussie was holding around $0.9362, off a low of $0.9335 touched Friday and not too f
Published 20 May, 2014 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 77.63-77.64 (77.64-77.64). Call Money Rates: 05.75-07.25 percent (previous 05.50-07.25 percent).
Published 20 May, 2014 12:00am
Yen breaches key level in London

Yen breaches key level in London

The dollar slid to its weakest against the yen in more than three months on Monday as expectations of higher US interest rates faded. The pound faced pressure from signs a major merger will fail. The yen's break past 101.20 yen per dollar was the first ti
Published 20 May, 2014 12:00am
Early trade in New York: dollar tumbles to 3-1/2-month low versus yen

Early trade in New York: dollar tumbles to 3-1/2-month low versus yen

The dollar fell to its lowest in more than three months against the yen on Monday, pressured by a drop in US Treasury yields that may be due to persistent uncertainty about US economic growth prospects. The dollar fell as low as 101.11 yen, the weakest si
Published 20 May, 2014 12:00am
Euro rises in Asia

Euro rises in Asia

The euro edged up slightly versus the dollar on Monday after two punishing weeks as investors waited for fresh data, with its upside pressured by growing expectations of easier policy in the euro zone. The euro added about 0.1 percent to $1.3702, nursing
Published 20 May, 2014 12:00am
AstraZeneca tows Britain's FTSE lower after take-over snub

AstraZeneca tows Britain's FTSE lower after take-over snub

Britain's top shares fell on Monday, dented by a sharp drop in pharmaceutical firm AstraZeneca after it rejected rival Pfizer's higher takeover bid. AstraZeneca dived 11.1 percent after turning down Pfizer's 55 pounds/share take-it-or-leave-it offer. That
Published 20 May, 2014 12:00am
South African stocks up

South African stocks up

South African stocks edged up on Monday, recovering from losses in the previous session as shares of unsecured lender African Bank Investments climbed more than 5 percent from a decade low. The bank, commonly known as Abil, added 5.3 percent to 8.9 rand a
Published 20 May, 2014 12:00am
Sri Lankan stocks steady

Sri Lankan stocks steady

Sri Lanka stocks edged up on Monday to their highest close in more than 11 months ahead of the central bank's monetary policy announcement, led by telecoms and financials, while foreign buying boosted sentiment. The main stock index edged up 0.06 percent,
Published 20 May, 2014 12:00am
AstraZeneca, Deutsche Bank drag down European shares

AstraZeneca, Deutsche Bank drag down European shares

European equities slipped on Monday, pulled down by pharmaceuticals group AstraZeneca , which slumped after rejecting a bid from Pfizer , and by Deutsche Bank's capital increase. The pan-European FTSEurofirst 300 index, which last week hit a 6-year high o
Published 20 May, 2014 12:00am
Hong Kong stocks flat; Shanghai sinks on IPO glut fears

Hong Kong stocks flat; Shanghai sinks on IPO glut fears

Hong Kong shares ended marginally lower on Monday despite a positive lead from Wall Street, as investors followed a sell-off in China while awaiting key manufacturing data later in the week. The benchmark Hang Seng Index slipped 0.04 percent, or 8.41 poin
Published 20 May, 2014 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks fell 0.64 percent Monday as the stronger yen held back exporter shares, after the market initially rose on a Wall Street rally and upbeat Japanese machinery orders. The benchmark Nikkei 225 index lost 90.15 points to finish at 14,006.44, whil
Published 20 May, 2014 12:00am
Southeast Asian markets: Malaysia hits record high; Indonesia down

Southeast Asian markets: Malaysia hits record high; Indonesia down

Malaysian shares hit a record high on Monday, helped by foreign inflows after the country's economic growth came in above expectations in the first quarter, but Indonesia retreated due to a surprise political move by the country's second largest party. Ma
Published 20 May, 2014 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks were flat in early morning trade on Monday, largely in line with other regional bourses as investors await word from global central banks on future economic policy. As of 0150 GMT, the main TAIEX index rose 2.03 points to 8,886.42, after clo
Published 20 May, 2014 12:00am
Monday's midday trade: S&P and Nasdaq gain, but investors cautious

Monday's midday trade: S&P and Nasdaq gain, but investors cautious

US stocks mostly advanced on Monday as investors exercised caution over valuations after a run of mixed economic data, but another drop in bond yields helped support equities. US-listed shares of AstraZeneca tumbled 11.1 percent to $71.39. The British dru
Published 20 May, 2014 12:00am
Indian shares rise to record high on Modi hopes

Indian shares rise to record high on Modi hopes

Indian shares hit a record closing high on Monday as investors continued to switch to stocks with a domestic focus, such as NTPC, on hopes the new government to be led by Narendra Modi would spur major economic reforms. However, broader gains were capped
Published 20 May, 2014 12:00am
Australian shares tumble

Australian shares tumble

Australian shares fell 1.3 percent on Monday, pulled down by blue-chip banking and mining stocks in muted trade as iron ore and Chinese steel futures slumped, while UGL dropped after receiving only one bid for its real estate arm. The S&P/ASX 200 index lo
Published 20 May, 2014 12:00am
Dubai's index in biggest drop in 8 months, most Gulf markets fall

Dubai's index in biggest drop in 8 months, most Gulf markets fall

Dubai's index makes its one-day decline in eight months on Monday and technical indicators suggest it will fall further, while most other Middle East markets also retreated. Dubai fell 5.5 percent to 4,856 points, its lowest close in a month and biggest o
Published 20 May, 2014 12:00am
Western banks may steer clear of Russian loans for a year

Western banks may steer clear of Russian loans for a year

Most Western banks are shunning Russia's syndicated loan market as a result of the Ukraine crisis and could stay away for a year or more, despite the potential loss of more than $45 billion in business. Fears over the impact of current and threatened futu
Published 20 May, 2014 12:00am
ECB fuels speculation of imminent rate cut

ECB fuels speculation of imminent rate cut

The European Central Bank issued another signal Monday that it is preparing further moves to avert the risk of deflation in the 18 countries that share the euro. A leading member of the ECB's executive board, Yves Mersch, said that the likelihood of furth
Published 20 May, 2014 12:00am
World luxury market to grow 2 percent in 2014

World luxury market to grow 2 percent in 2014

The world luxury market has reached a "maturity and stabilisation" phase with growth of around 2 percent expected this year - around the same level as in 2013. The study by the US consultancy Bain&Company and the Fondazione Altagamma, which said in a stat
Published 20 May, 2014 12:00am
EU well short of 2015 aid target, needs another 41 billion euros

EU well short of 2015 aid target, needs another 41 billion euros

European Union member states are only slowly increasing overseas aid and need to nearly double their efforts if they are to hit their 2015 target, a report said on Monday. A report on 2013 Official Development Assistance (ODA) prepared for the 28 member n
Published 20 May, 2014 12:00am
EU well short of 2015 aid target, needs another 41 billion euros

EU well short of 2015 aid target, needs another 41 billion euros

European Union member states are only slowly increasing overseas aid and need to nearly double their efforts if they are to hit their 2015 target, a report said on Monday. A report on 2013 Official Development Assistance (ODA) prepared for the 28 member n
Published 20 May, 2014 12:00am
Major banks' commodities revenue up first time since 2011

Major banks' commodities revenue up first time since 2011

Commodities revenue at the top 10 investment banks climbed 26 percent in the January-March period, the first gain in first-quarter turnover since 2011, due to higher US power and gas turnover plus stronger investor interest, a consultancy said. Revenue fr
Published 20 May, 2014 12:00am
Major banks' commodities revenue up first time since 2011

Major banks' commodities revenue up first time since 2011

Commodities revenue at the top 10 investment banks climbed 26 percent in the January-March period, the first gain in first-quarter turnover since 2011, due to higher US power and gas turnover plus stronger investor interest, a consultancy said. Revenue fr
Published 20 May, 2014 12:00am
Record Japan machinery orders suggest economy may jump tax hurdle

Record Japan machinery orders suggest economy may jump tax hurdle

Japanese businesses raised orders for machinery by the most ever in March and expect to book more orders this quarter, another sign that capital investment may buffer the economy from the pain of last month's sales tax hike. Haunted by a stumble in the ec
Published 20 May, 2014 12:00am
AstraZeneca rejects Pfizer's offer

AstraZeneca rejects Pfizer's offer

Britain's AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer , undermining the US drugmaker's plan for a merger to create the world's biggest pharmaceuticals group. The rebuff came nine hours after Pfizer said on Sunday it had raised
Published 20 May, 2014 12:00am
AstraZeneca rejects Pfizer's offer

AstraZeneca rejects Pfizer's offer

Britain's AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer , undermining the US drugmaker's plan for a merger to create the world's biggest pharmaceuticals group. The rebuff came nine hours after Pfizer said on Sunday it had raised
Published 20 May, 2014 12:00am
Deutsche Bank turns to Qatar in massive capital hike

Deutsche Bank turns to Qatar in massive capital hike

Deutsche Bank is turning to the Qatari royal family in a bid to raise 8.0 billion euros ($11 billion) in fresh funding and assuage fears over its capital strength. Germany's biggest lender unveiled late Sunday plans to implement the second-biggest capital
Published 20 May, 2014 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (May 19, 2014).
Published 20 May, 2014 12:00am
Low uplift spending: fiscal deficit revised downward, Cabinet told

Low uplift spending: fiscal deficit revised downward, Cabinet told

The federal Cabinet was informed that fiscal deficit for the current fiscal year has been revised downward to 5.7 percent from the budgeted 6.3 percent, largely because of a significantly less than budgeted development spending by federal and provincial g
Published 20 May, 2014 12:00am
Low uplift spending: fiscal deficit revised downward, Cabinet told

Low uplift spending: fiscal deficit revised downward, Cabinet told

The federal Cabinet was informed that fiscal deficit for the current fiscal year has been revised downward to 5.7 percent from the budgeted 6.3 percent, largely because of a significantly less than budgeted development spending by federal and provincial g
Published 20 May, 2014 12:00am
Modi win brightens MFN prospects

Modi win brightens MFN prospects

The election of Hindu nationalist Narendra Modi has sent shivers through many among India's 150-million strong Muslim community, but neighbouring Pakistan is cautiously hopeful for a thaw in long-fraught ties. Prime Minister Nawaz Sharif, who is himself a
Published 20 May, 2014 12:00am
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