News Archives for Print - 2014-06-30

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Print - 2014-06-30

The Weather

The weather report on Sunday (June 29, 2014) and the forecast for Monday (June 30,

Published 30 Jun, 2014 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2013)

Comparative table of returns being given banks on their Profit and Loss Sharing

Published 30 Jun, 2014 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last

Published 30 Jun, 2014 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 30 Jun, 2014 12:00am

WHO urges 'drastic action' on Ebola, calls 11-nation meeting

The World Health Organization on June 26 called for "drastic action" to fight the deadliest Ebola outbreak on record, as it announced an 11-nation meeting to address the growing crisis. As of June 22, 635 cases of haemorrhagic fever (most confirmed to be

Published 30 Jun, 2014 12:00am

Change in farming could lower Europe's temperature

If Europe adopted a style of farming that abstains from plowing after a harvest, local temperatures could drop as much as two degrees Celsius (3.6 degrees Fahrenheit), researchers said on June 23. The reason lies in the color of the soil: untilled land is

Published 30 Jun, 2014 12:00am

Scientists explain chronic stress leads to heart attack, stroke

Scientists said they may have unravelled how chronic stress leads to heart attack and stroke: triggering overproduction of disease-fighting white blood cells which can be harmful in excess. Surplus cells clump together on the inner walls of arteries, rest

Published 30 Jun, 2014 12:00am

Middle East sees 'worrying' rise in HIV cases

A sharp rise in new HIV infections in the Middle East and North Africa is a worrying trend, despite some positive developments, UNAIDS chief Michel Sidibe told AFP on June 27. While the epidemic remains very "concentrated" within the region, with homosexu

Published 30 Jun, 2014 12:00am

El Nino likely to take hold in Pacific Ocean by year-end: UN

The "El Nino" phenomenon, which sparks climate extremes around the globe, is likely to take hold in the Pacific Ocean by the end of the year and could even do so within weeks, the UN said on June 26. There was an 80 percent likelihood that El Nino could s

Published 30 Jun, 2014 12:00am

Ocean rescue plan has urgent five-year deadline to act

The world's oceans need saving from pollution and overfishing, and an independent panel warned on June 24 that urgent action was needed within five years. The Global Ocean Commission said cutting down on single-use plastics products, restricting fishing o

Published 30 Jun, 2014 12:00am

Two million kids under five die each year in Africa: UN

Two million children under five die each year in central and western Africa, accounting for almost a third of all deaths worldwide in that age range, the UN children's agency said. Progress in reducing child mortality has not affected the overall number o

Published 30 Jun, 2014 12:00am

Vincent Bollore gives first clues on his vision for Vivendi

Billionaire French businessman Vincent Bollore gave the first hints of his strategy for Vivendi as he took over as chairman on June 24, saying he saw the potential to grow its media assets while also paying a healthy dividend. Vivendi, one of France's big

Published 30 Jun, 2014 12:00am

Air India joins global aviation alliance

Air India has joined the Star Alliance network of global airlines seven years after its first attempt, the Indian government announced on June 23, in a major boost for the loss-making state-run carrier. Civil Aviation Minister Ashok Gajapathi Raju told re

Published 30 Jun, 2014 12:00am

IBB eyes new business, break-even: CEO

Islamic Bank of Britain (IBB), the country's only sharia-compliant retail lender, plans to broaden its product range to win business both locally and across Europe, aided by the backing of its new Qatari shareholder. IBB is developing its commercial prope

Published 30 Jun, 2014 12:00am

Novo Nordisk to double revenue within a decade

Danish drugmaker Novo Nordisk, the world's biggest insulin maker, expects to more than double its annual revenue within a decade, its deputy chief executive Kaare Schultz told Reuters. More than half a billion people are expected to be living with diabete

Published 30 Jun, 2014 12:00am

GM recalls 475,000 more vehicles

General Motors on June 27 announced three more safety recalls covering nearly 475,000 vehicles, the biggest of which involves a software problem in some leading sport utility vehicles and pickup models. GM will recall more than 450,000 models of the 2014-

Published 30 Jun, 2014 12:00am

Ikea raises hourly pay for US retail workers

Ikea's US division is raising the minimum wage for thousands of its retail workers, pegging it to the cost of living in each location, instead of its competition. The 17 percent average raise, announced on June 26, is the Swedish ready-to-assemble furnitu

Published 30 Jun, 2014 12:00am

India's small retailers oppose foreign investment in e-commerce

A trade body representing small Indian retailers is opposing a possible government move to allow foreign direct investment in Indian e-commerce, posing the latest challenge for newly elected Prime Minister Narendra Modi's reform drive.

Published 30 Jun, 2014 12:00am

BHP eyeing more iron ore mining job cuts in Australia

BHP Billiton is looking at more job cuts at its flagship Australian iron ore division as a way to reduce costs, as ore prices slump and pressure mounts to rein in spending.

Published 30 Jun, 2014 12:00am

Asia's wealth spurs competition for private bankers: Citi

Asia is the most competitive region in the world for bankers catering to the very rich, but also presents great opportunities for private bankers, the head of Citigroup Inc's private bank said.

Published 30 Jun, 2014 12:00am

Get rid of extra ballast to speed up your hard drive

There comes a time when it takes Windows twice as long to boot as it once did. Then you realize that the collective heft of all the links, files and programmes on your computer is weighing things down and slowing everything. That's when it's time to figur

Published 30 Jun, 2014 12:00am

Malware worms its way into more apps: study

Malicious software is increasingly making its way into mobile phones through "cloned" versions of popular apps, and software weaknesses in legitimate ones, security researchers said on June 24. McAfee Labs said in its quarterly threat assessment that weak

Published 30 Jun, 2014 12:00am

Electronic chip zooms in on explosives

A new electronic chip with microscopic chemical sensors can detect explosives in the air at concentrations as low as a few molecules per 1,000 trillion, its Israeli developers said on June 24. The nanodevice can identify several different types of explosi

Published 30 Jun, 2014 12:00am

Yahoo grabs for Android smartphone homescreen

Yahoo on June 23 ramped up its move to mobile, grabbing for Android smartphone home screens with an Aviate application tuned to where people are. Yahoo bought Aviate early this year in a deal reported to be valued at about $80 million dollars. The softwar

Published 30 Jun, 2014 12:00am

Google Android software spreading to cars, watches, TV

Google is expanding its empire to cars, watches, businesses and televisions. The technology titan laid out a sweeping vision at the opening of a sold-out developers conference in a keynote presentation streamed online to millions of people across the worl

Published 30 Jun, 2014 12:00am

CNN launches research for drones in journalism

CNN said Monday it was launching a research project with the Georgia Institute of Technology on how drones could be used for newsgathering by media organizations. The research will evaluate the technology, personnel and safety needs to operate effectively

Published 30 Jun, 2014 12:00am

New Microsoft-Nokia smartphone is... Android

Microsoft on June 24 rolled out its first new Nokia smartphone since acquiring the Finnish group's handset division - using the Android operating system from arch-rival Google. Microsoft said the Nokia X2, an updated version of a handset unveiled this yea

Published 30 Jun, 2014 12:00am

Google sets sights beyond smartphones at annual developer conference

Google Inc , whose Android software reigns as the world's dominant smartphone operating system, will step up efforts to make inroads into cars, televisions and other devices at its annual developer conference this week, sources familiar with the matter sa

Published 30 Jun, 2014 12:00am

Apps bring speed reading into the digital age

Speed reading has been around for more than half a century, but new apps are bringing the technique into the digital age, helping users breeze through books faster. ReadMe!, a new app for iPhones, lets readers control the pace of their reading from 50 to

Published 30 Jun, 2014 12:00am

Oracle adds Micros Systems to boost cloud effort

Business software giant Oracle said Monday it was buying rival Micros Systems for $5.3 billion in a deal to expand its big data efforts in key retail sectors. The acquisition is the biggest for Oracle since buying Sun Microsystems in a deal announced in 2

Published 30 Jun, 2014 12:00am

Facebook still reigns among US teens: researchers

Don't write off teens and Facebook just yet. A report released by Forrester Research on June 24 showed the world's biggest social network is still by far the most popular among US teens despite the rise of new apps and services like Snapchat and Tumblr. F

Published 30 Jun, 2014 12:00am

Range of special text messaging symbols grows

The range of special text messaging symbols - emojis for those in the know - has grown by 250 symbols, including the fan-pleasing Vulcan greeting from Star Trek and the slightly less decorous extended middle finger for your less close acquaintances. The a

Published 30 Jun, 2014 12:00am

New smart watch fuses fashion and fitness

Smart gadget specialty firm Withings introduced a fashionable Swiss-made time piece June 24 that doubles as a fitness tracker. The French company billed "Activite" as a chic watch with computing brains to track steps taken, calories burned, distance trave

Published 30 Jun, 2014 12:00am

'We aspire to be leading real estate portal in Pakistan,' Country Director Lamudi.pk

Saad Arshed is the Country Director for Lamudi.pk, a global online real estate platform, present in more than 22 countries with headquarters in Berlin. In his role, he oversees the overall business for Lamudi.pk, including functions such as sales, channel

Published 30 Jun, 2014 12:00am

'We aspire to be leading real estate portal in Pakistan,' Country Director Lamudi.pk

Published 30 Jun, 2014 12:00am

Capital gains tax

Apropos editorial 'Leakages from the tax system' carried by Business Recorder on June 27, I was surprised by your criticism on the capital gains tax (CGT) rate in the Finance Bill 2014.

Published 30 Jun, 2014 12:00am

Africa's oldest nature park counts on sustainability

People living in and around Africa's oldest wildlife reserve - Virunga National Park - threatened by armed groups and oil prospectors, are pinning their hopes on sustainable development projects for energy, agriculture and tourism. In the region around th

Published 30 Jun, 2014 12:00am

Eurozone growth stalls, France lags, deflation threatens

Europe's fragile recovery is stalling, a batch of economic data showed this week, with analysts warning that France, with the eurozone's second-biggest economy, could be slipping into another downturn. Even the eurozone's economic powerhouse Germany - who

Published 30 Jun, 2014 12:00am

Response to IDPs

Pakistan Muslim League-Nawaz (PML-N) claims of extending all possible help to the IDPs migrating from North Waziristan due to the ongoing Zarb-i-Azb operation are being challenged by the Pakistan Tehreek-e-Isaaf (PTI). Numerous reports indicate that the I

Published 30 Jun, 2014 12:00am

Pak-Afghan accord

The convergence of different ideas, groups, or societies is the process by which they stop being different and become more similar. The convergence of opinion that terrorism is a common threat to both Afghanistan and Pakistan expressed through a joint sta

Published 30 Jun, 2014 12:00am

The spectre of encroachments

The Supreme Court has given six months to the Board of Revenue (Sindh) to reclaim 59,903 acres of encroachments in Karachi with 52,130 acres under institutional encroachment. These figures may be mind blowing for a foreigner; however, unfortunately, few P

Published 30 Jun, 2014 12:00am

Facebook manipulated users emotions in secret study

A study detailing how Facebook secretly manipulated the news feed of some 700,000 users to study "emotional contagion" has prompted anger on social media. For one week in 2012 Facebook tampered with the algorithm used to place posts into user news feeds t

Published 30 Jun, 2014 12:00am

Hong Kong democracy poll closes with nearly 800,000 votes

Polls in an unofficial vote on electoral reform in Hong Kong closed Sunday with almost 800,000 taking part, organisers said, days before an expected major protest seeking greater democracy for the southern Chinese city. Chief pollster Robert Chung said 78

Published 30 Jun, 2014 12:00am

Taliban hold territory after Afghan offensive

The Taliban have established a foothold in southern Afghanistan in a ten-day battle against Afghan forces, locals said Sunday, as the army and police struggle to prove they can defeat the insurgents without Nato help. A coordinated assault by 800 Taliban

Published 30 Jun, 2014 12:00am

Turkish President says will not run for second term

Turkish President Abdullah Gul said he would not seek a second term in office, further raising the likelihood that Prime Minister Recep Tayyip Erdogan would run for the top job.

Published 30 Jun, 2014 12:00am

Sudan Darfur rebel chief 'killed in action'

A Darfur rebel leader, who experts said was responsible for some of the deadliest attacks against Sudanese forces, has been killed in action, state-linked media said on Sunday. North Darfur state governor Osman Kbir announced the death of Ali Karbino on S

Published 30 Jun, 2014 12:00am

Obama to seek $2 billion to tackle child migrant crisis

US President Barack Obama is to ask Congress for more than $2 billion to deal with the surge in unaccompanied children flooding into the United States along its southern border. Obama will make the request for emergency funding in a letter on Monday, aski

Published 30 Jun, 2014 12:00am

European jihadists threaten US: Obama

US President Barack Obama warned that "battle-hardened" Europeans who embrace jihad in Syria and Iraq threaten the United States because their passports mean they can enter the country without a visa. Nearly 800 French citizens have spent time fighting in

Published 30 Jun, 2014 12:00am

Top Australian, New Zealand military IDs 'used in Facebook dating scam'

Australian and New Zealand authorities are investigating whether the identities of top military officers are being used in an international Facebook dating scam, officials said Sunday.

Published 30 Jun, 2014 12:00am

Indonesia overtakes Brazil in forest losses despite moratorium

Indonesia has for the first time surpassed Brazil in clearing tropical forests and losses are accelerating despite a 2011 moratorium meant to protect wildlife and combat climate change, scientists said on Sunday.

Published 30 Jun, 2014 12:00am

Netanyahu calls for supporting Kurdish independence

Israeli Prime Minister Benjamin Netanyahu voiced support for Kurdish statehood on Sunday, citing the Kurds' political stability in contrast to the sectarian break-up of Iraq. "We should ... support he Kurdish aspiration for independence," he told a securi

Published 30 Jun, 2014 12:00am

Israel tightens grip on East Jerusalem with $90 million plan

The Israeli cabinet on Sunday approved a $90 million dollar socio-economic development plan for annexed east Jerusalem which focuses on increased security and police presence in the area, the municipality said.

Published 30 Jun, 2014 12:00am

NA-198: Independent candidate gunned down

Akhtar Abbasi, who contested polls from NA-198 constituency during last year's general election as independent candidate, has been shot dead in Sukkur. Police said on Sunday that the incident occurred in Regent Colony on Saturday evening where unknown ass

Published 30 Jun, 2014 12:00am

Businesses, TV shows accused of exploiting sentiments in Ramazan

Bearded men and women with covered heads replace flirting boys and girls in an attempt to exploit customers' religious sentiments during the annual Muslim holiday of observance.

Published 30 Jun, 2014 12:00am

Chinese-American was target of mountain massacre

The massacre of 10 foreign climbers on "Killer Mountain" a year ago came after a failed attempt to capture a Chinese-American to use him as a high-value bargaining chip, officials and militant sources have told AFP. The June 22 attack at the base camp for

Published 30 Jun, 2014 12:00am

Former PM AJK meets Zardari

Former Prime Minister Azad Jammu and Kashmir Barrister Sultan Mahmood on Sunday held a meeting with former president Asif Ali Zardari here and briefed him about his visit of USA and Europe. He said during the meeting, Asif Ali Zardari was also briefed abo

Published 30 Jun, 2014 12:00am

TI-Pakistan takes case of buying armoured vehicles to NAB

Despite repeated reminders, Transparency International Pakistan's complaint against Inspector General of Police Sindh, on the allegation of procurement of 20 armored vehicles at the cost of Rs1.24 billion, from Serbia without inviting tenders, continues t

Published 30 Jun, 2014 12:00am

Encroachments on Sohrab Goth, LEW, and FB Area removed

The anti-encroachment cell of the Karachi Metropolitan Corporation carried out an operation from Sohrab Goth to Lyari Expressway and F.B. Area's Industrial area to improve traffic flow on the roads. The action was taken on the directive of Administrator K

Published 30 Jun, 2014 12:00am

No loadshedding during Sehri and Iftar: K-Electric

K-Electric (KE) through its press statement has announced that there will be no loadshedding during Sehri and Iftar in the holy month of Ramazan. According to the press release, the residential and commercial areas will have uninterrupted power supply dur

Published 30 Jun, 2014 12:00am

Three killed in various incidents of violence

At least three persons were killed in different incidents of violence in the city, here on Sunday. According to police and rescue sources, Tanvir son of Abdul Majid was shot and killed by unidentified men near Mochco Graveyard in Baldia town in the jurisd

Published 30 Jun, 2014 12:00am

MA/Double MA Private exam forms date announced

The forms for the annual examinations for M A and Double M A private at the Karachi University (KU) can be submitted till July 07 without late fee. According to KU Director Examinations Professor Dr Arshad Azmi, the candidates can submit their examination

Published 30 Jun, 2014 12:00am

Altaf felicitates Muslims on arrival of Ramazan

The Founder and leader of MQM Altaf Hussain on Sunday congratulated Muslims in Pakistan and across the globe on the arrival of Ramazan. In a statement, Hussain said, "The month of the Ramazan is one of the greatest favours of Allah and it teaches us self-

Published 30 Jun, 2014 12:00am

Pak emerging market potential highlighted

Switzerland Global Enterprise (S-GE; Switzerland's official trade promotion and investment agency), organized a focused session on Pakistan being one of the important South Asian destinations for Swiss SMEs to do business in. On the occasion, Swiss compan

Published 30 Jun, 2014 12:00am

Paraguay's Zanotti makes history in Germany

Fabrizio Zanotti on Sunday became the first Paraguay-born player to win on the European Tour, defeating world number two Henrik Stenson at the fifth extra play-off hole to capture the BMW International Open near Cologne. The 31-year old Asuncion-born play

Published 30 Jun, 2014 12:00am

I'll ditch rap to give Nadal slap, says Kyrgios

Australian teen sensation Nick Kyrgios reckons he can send world number one Rafael Nadal tumbling out of Wimbledon on Monday - as long as he steers clear of Canadian rapper Drake. The world number 144, making his debut at the All England Club, is relishin

Published 30 Jun, 2014 12:00am

Podolski ruled out of Algeria clash

Germany forward Lukas Podolski has been ruled out of Monday's World Cup last 16 clash against Algeria in Porto Alegre with a thigh injury. The 29-year-old Arsenal star - who is at his third World Cup finals - suffered the injury in Germany's 1-0 win over

Published 30 Jun, 2014 12:00am

Williamson puts Kiwis in driving seat against West Indies

Kane Williamson's second century of the series put New Zealand in a comfortable position at 260 for five in their second innings, a lead of 236, at lunch on the fourth day of the third and final Test at Kensington Oval on Sunday.

Published 30 Jun, 2014 12:00am

Riley claims Jamaica 110 million hurdles title

A battle between Andrew Riley and Hansle Parchment in the 110 metre hurdles final brought the third day of the Jamaican athletics championships at the National Stadium to a fitting close. Riley successfully defended his title with a season's best 13.27 se

Published 30 Jun, 2014 12:00am

Ghana captain apologises for World Cup failure

Ghana's captain Asamoah Gyan apologised on Sunday for the Black Stars's World Cup collapse which saw them finish bottom of their group amid money disputes in the squad.

Published 30 Jun, 2014 12:00am

Rodriguez steals limelight as Colombia reach last eight

A sensational display from James Rodriguez fired Colombia into the World Cup quarter-final for the first time on Saturday with the attacking midfielder scoring twice in a 2-0 victory over Uruguay including a contender for goal of the tournament. Rodriguez

Published 30 Jun, 2014 12:00am

Warwickshire's D'Oliveira dies

Damian D'Oliveira, the director of Warwickshire's academy and son of England great Basil D'Oliveira, has died at the age of 53, the county confirmed on Sunday. He had been battling cancer for the last two and a half years.

Published 30 Jun, 2014 12:00am

Badminton: Lin, Nehwal win Australian Open finals

Chinese superstar Lin Dan fought back from dropping the opening game to overhaul Simon Santoso and win the World Superseries Australian Badminton Open in Sydney on Sunday. The two-time Olympic gold medallist and five-time world champion downed the 18th-ra

Published 30 Jun, 2014 12:00am

Double Dutch late show floors Mexico

The Netherlands scored twice in the dying minutes through Wesley Sneijder and a Klaas Jan Huntelaar penalty to pull off a remarkable victory and move into the quarter-finals of the World Cup with a 2-1 win over Mexico on Sunday. In a match conditioned by

Published 30 Jun, 2014 12:00am

Latin American firms leap from Spain to rest of Europe

Spanish firms seeking to escape a sluggish eurozone are heading in ever greater numbers to reap the financial benefits of doing business in the faster-paced economies of Latin America. But the corporate business traffic now runs in both directions: Latin

Published 30 Jun, 2014 12:00am

French workers publish joint letter urging reforms, spending cuts

French employer groups called on President Francois Hollande to speed up reforms and cut public spending to revive the ailing economy in a joint statement issued on Sunday ahead of an annual conference of government officials, employers and labour unions.

Published 30 Jun, 2014 12:00am

Honda's first jet takes to the skies

Honda's first business jet has logged its maiden flight ahead of its expected certification and delivery next year, the Japanese company said in a weekend press release. The 84-minute flight of the first production HondaJet took place on Friday near the w

Published 30 Jun, 2014 12:00am

Egyptian cabinet cuts deficit in revised budget plan

Egypt's cabinet has submitted a revised budget for the new fiscal year which starts on Tuesday, proposing a narrower deficit after President Abdel Fattah al-Sisi rejected a previous draft because spending was too high, Finance Ministry spokesman Ayman Alk

Published 30 Jun, 2014 12:00am

French, Chinese central banks agree on renminbi payment system

The French central bank on Sunday said it had signed a memorandum of understanding (MoU) with its Chinese counterpart to set up a renminbi payment system in Paris. "This MoU is the first step towards the creation of a renminbi clearing and settlement infr

Published 30 Jun, 2014 12:00am

'New compass' needed for global economy: BIS

Countries must dramatically rethink strategies for avoiding and dealing with financial crises, the Bank for International Settlements said Sunday, urging far more focus on fighting debt. The Swiss-based BIS - dubbed the central bankers' central bank - war

Published 30 Jun, 2014 12:00am

US poised to slap record $9 billion fine on BNP Paribas

French bank BNP Paribas is expected to pay a record $9 billion fine and admit its guilt for years of dealing with US-blacklisted Sudan and Iran, in a case that has strained ties between Paris and Washington. US justice authorities could announce the hefty

Published 30 Jun, 2014 12:00am

BoE's Bean say unwinding of QE could begin when rates rise

Outgoing Bank of England policymaker Charlie Bean said on Sunday the bank could begin to unwind its quantitative easing programme of bond purchases once interest rates start to rise. "I think it will be natural either at the time the MPC (Monetary Policy

Published 30 Jun, 2014 12:00am

China and Luxembourg prepare for currency clearing deal

The People's Bank of China and the central bank of Luxembourg have signed a memorandum of understanding, a step towards designating a renminbi clearing bank in Luxembourg, Grand Duchy authorities said on Sunday. "The MoU aims to establish a co-operation b

Published 30 Jun, 2014 12:00am

Israel allows 1,500 Jordanians to work in Eilat

The Israeli government Sunday authorised 1,500 more Jordanians to come and work in its Red Sea resort of Eilat to combat a labour shortage, the tourism ministry said. It said the decision was taken because of the "serious crisis" caused by not enough hote

Published 30 Jun, 2014 12:00am

President tells Bulgarians 'Your money is safe'

Bulgaria's president reassured citizens on Sunday that their savings were safe and fully guaranteed by the state, in a message backed by the central bank and main political parties following a run on two major banks. The bank runs have stoked fears for th

Published 30 Jun, 2014 12:00am

Singapore takes aim at unrated bonds

Singapore's capital markets are set for more rated bond issues as the city's regulator considers ways to promote transparency and deepen the business. The Monetary Authority of Singapore has raised the issue in recent discussions with market participants,

Published 30 Jun, 2014 12:00am

Singapore takes aim at unrated bonds

Published 30 Jun, 2014 12:00am

Brazil's central bank extends FX intervention plan

Brazil's central bank on Tuesday announced it will extend its foreign exchange intervention program without changes until at least the end of the year. The bank said in a statement it will sell as much as $200 million worth of currency swaps in daily auct

Published 30 Jun, 2014 12:00am

Russian shares to gain six percent by year-end

Russian shares will rise by more than 6 percent by the end of the year as the threat of crippling Western sanctions is expected to recede, although an economic slowdown will cap gains, a Reuters poll found. The dollar-based RTS share index fell sharply to

Published 30 Jun, 2014 12:00am

S&P 500 to hit 2,000 for first time

Wall Street's Standard & Poor's 500 index will hit 2,000 for the first time before the end of 2014, having already set a series of record highs this year on optimism that interest rates will remain low, a Reuters poll showed on Thursday. The median foreca

Published 30 Jun, 2014 12:00am

Wall Street week ahead: short week, jobs data may bring back swings

Wall Street may kick off the second half of the year with an uptick in volatility, thanks to the June jobs report and plenty of other market-moving data in a short trading week. Financial markets will be closed on Friday for Independence Day.

Published 30 Jun, 2014 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.63-77.63 (previous 77.63-77.63). Call Money Rates: 05.50-07.00 percent (* previous 05.25-07.00 percent). (* revised).

Published 30 Jun, 2014 12:00am

China to set yuan clearing bank in Sydney

China will designate a clearing bank in Sydney for overseas trading of its yuan currency, a top Australian official said Thursday as Beijing seeks to make the tightly-controlled unit more international. The Australian financial capital would follow London

Published 30 Jun, 2014 12:00am

China to introduce more forex derivatives, strengthen supervision

China's foreign exchange regulator said it will increase the number of foreign exchange derivate products available in the market to facilitate export growth and help companies hedge currency risk.

Published 30 Jun, 2014 12:00am

Shanghai, Hong Kong, Seoul shares to rally in next six months

Shares in Shanghai, Hong Kong and South Korea are expected to rally over the next six months on expectations that China's central bank will ease policy, boosting both its economy and that of the region, a Reuters poll showed. The Shanghai Composite Index

Published 30 Jun, 2014 12:00am

Common knowledge may lift Swedish crown versus euro

If Sweden's central bank cuts its benchmark interest rate next week, as many analysts expect, the move may mark the beginning of the Swedish crown's rally against the euro. By July 3, when the bank discloses its decision, a rational foreign exchange marke

Published 30 Jun, 2014 12:00am

Gulf markets slip as volumes drop with Ramazan

Most bourses in the Gulf declined on Sunday as many retail investors withdrew from the markets with the beginning of Ramazan and trading volumes plunged. Dubai was the biggest loser, sliding 2.4 percent as daily trading volume shrank 59 percent.

Published 30 Jun, 2014 12:00am

Tokyo man sets himself on fire in protest against Abe

A Japanese man set himself on fire in central Tokyo on Sunday after giving a speech opposing Prime Minister Shinzo Abe's plan to reform the country's pacifist constitution, police and reports said. The middle-aged man doused himself in what appeared to be

Published 30 Jun, 2014 12:00am

Death toll rises to 19 in India gas pipeline blast

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Cotton US¢/pound / Dec 4	71.11
Petrol/Litre / Dec 5	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.17 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	639.72 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	64.26 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	151.49 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,117.32 ▼ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.57 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.17 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	639.72 ▲ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	64.26 ▲ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	151.49 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,117.32 ▲ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.57 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	257,531,069 ▲ 0.00
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	213,200,271 ▲ 0.00
Pak Int.Bulk / Dec 5 Pakistan International Bulk Terminal(PIBTL)	89,650,764 ▲ 0.00
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	75,744,156 ▲ 0.00
Power Cement / Dec 5 Power Cement Limited(POWER)	69,203,491 ▲ 0.00
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	58,983,939 ▲ 0.00
Sui South Gas / Dec 5 Sui Southern Gas Company Limited(SSGC)	37,808,495 ▲ 0.00
Symmetry Group / Dec 5 Symmetry Group Limited(SYM)	34,391,285 ▲ 0.00
TPL Properties / Dec 5 TPL Properties Limited(TPLP)	33,952,255 ▲ 0.00

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