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Print - 2014-07-16
PTI's planned protest: PML-N leaders huddle together for strategy

PTI's planned protest: PML-N leaders huddle together for strategy

Prime Minister Nawaz Sharif on Tuesday held a consultative meeting with key party leaders and cabinet members to discuss the prevailing political situation in the country especially in view of August 14 'long march' announced by Pakistan Tehrik-e-Insaaf (
Published 16 Jul, 2014 12:00am
Nawaz is no monarch: Zardari

Nawaz is no monarch: Zardari

Expressing his surprise and dismay over the continued foot-dragging by the government on a vote recount demand of PTI, former President Asif Ali Zardari said that people had voted Nawaz Sharif to power, but they had not elected him to act like a 'Monarch'
Published 16 Jul, 2014 12:00am
Nawaz is no monarch: Zardari

Nawaz is no monarch: Zardari

Expressing his surprise and dismay over the continued foot-dragging by the government on a vote recount demand of PTI, former President Asif Ali Zardari said that people had voted Nawaz Sharif to power, but they had not elected him to act like a 'Monarch'
Published 16 Jul, 2014 12:00am
Imran ups the ante by demanding Election 2013 audit

Imran ups the ante by demanding Election 2013 audit

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday demanded a thorough audit of the entire results of the May 11, 2013 general elections, saying that the time to meet his demand to verify the votes of four constituencies was over. Speaking at a
Published 16 Jul, 2014 12:00am
Imran ups the ante by demanding Election 2013 audit

Imran ups the ante by demanding Election 2013 audit

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday demanded a thorough audit of the entire results of the May 11, 2013 general elections, saying that the time to meet his demand to verify the votes of four constituencies was over. Speaking at a
Published 16 Jul, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (July 15, 2014).

Published 16 Jul, 2014 12:00am
Prime Minister expresses displeasure over ministry''s performance

Prime Minister expresses displeasure over ministry''s performance

Prime Minister Nawaz Sharif on Tuesday expressed his disappointment and unhappiness over the performance of Ministry of Water and Power with regard to the current electricity loadshedding. Prime Minister has summoned the entire team of Water and Power Min
Published 16 Jul, 2014 12:00am
Prime Minister expresses displeasure over ministry's performance

Prime Minister expresses displeasure over ministry's performance

Prime Minister Nawaz Sharif on Tuesday expressed his disappointment and unhappiness over the performance of Ministry of Water and Power with regard to the current electricity loadshedding. Prime Minister has summoned the entire team of Water and Power Min
Published 16 Jul, 2014 12:00am
Prime Minister expresses displeasure over ministry's performance

Prime Minister expresses displeasure over ministry's performance

Prime Minister Nawaz Sharif on Tuesday expressed his disappointment and unhappiness over the performance of Ministry of Water and Power with regard to the current electricity loadshedding. Prime Minister has summoned the entire team of Water and Power Min
Published 16 Jul, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (July 15, 2014).

Published 16 Jul, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (July 15, 2014).
Published 16 Jul, 2014 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (July 15, 2014).

Published 16 Jul, 2014 12:00am
Five soldiers, 11 militants killed

Five soldiers, 11 militants killed

The military has captured a high-ranking Taliban commander who once tried to blow up former president Pervez Musharraf and later escaped jail with hundreds of other prisoners, security officials said on Tuesday. Adnan Rashid was captured on Friday in a ho
Published 16 Jul, 2014 12:00am
Five soldiers, 11 militants killed

Five soldiers, 11 militants killed

The military has captured a high-ranking Taliban commander who once tried to blow up former president Pervez Musharraf and later escaped jail with hundreds of other prisoners, security officials said on Tuesday. Adnan Rashid was captured on Friday in a ho
Published 16 Jul, 2014 12:00am
Car bomb attack kills at least 89 in Afghanistan

Car bomb attack kills at least 89 in Afghanistan

A car packed with explosives exploded on Tuesday as it sped through a crowded market in Afghanistan's eastern province of Paktika, killing at least 89 people, officials said, one of the most violent attacks in the country in a year. The huge explosion too
Published 16 Jul, 2014 12:00am
Car bomb attack kills at least 89 in Afghanistan

Car bomb attack kills at least 89 in Afghanistan

A car packed with explosives exploded on Tuesday as it sped through a crowded market in Afghanistan's eastern province of Paktika, killing at least 89 people, officials said, one of the most violent attacks in the country in a year. The huge explosion too
Published 16 Jul, 2014 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (July 15, 2014).

Published 16 Jul, 2014 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (July 15, 2014).

Published 16 Jul, 2014 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (July 15, 2014).

Published 16 Jul, 2014 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 16 Jul, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 16 Jul, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 16 Jul, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 16 Jul, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 16 Jul, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 2.889 billion. Number of lots traded was 15,199 and PMEX Commodity Index closed at 3,073. Major business was contributed by gold amounting to PKR 1.596 billion-up 17 percen
Published 16 Jul, 2014 12:00am
Slight recovery seen in Vietnamese coffee prices

Slight recovery seen in Vietnamese coffee prices

A slight recovery in Vietnamese coffee prices from a fall late last week failed to boost trading as buying-demand was thin while stocks held at trading firms were high, traders said on Tuesday. Vietnam, the world's largest robusta coffee producer, will st
Published 16 Jul, 2014 12:00am
Russian wheat lowest in Iraq's wheat tender

Russian wheat lowest in Iraq's wheat tender

Russian wheat was offered lowest at $308.58 a tonne c&f free out (ciffo) in the tender from Iraq's state grains board to buy at least 50,000 tonnes of hard wheat which closed this week, European traders said on Tuesday. The tender sought hard wheat from t
Published 16 Jul, 2014 12:00am
Kenyan top grade coffee price flat

Kenyan top grade coffee price flat

The top price of the benchmark Kenyan coffee grade was unchanged at $340 per 50 kg bag at this week's auction from the level at the last sale held on June 17, the Nairobi Coffee Exchange said on Tuesday. Kenya is a relatively small producer of coffee, but
Published 16 Jul, 2014 12:00am
US FOB Gulf corn and soya offers steady

US FOB Gulf corn and soya offers steady

US FOB Gulf corn and soyabean basis offers were mostly steady on Monday, with importers cautious about committing to fresh sales after a violent move in prices, traders said. Importers were reluctant to be too aggressive in booking purchases after grain f
Published 16 Jul, 2014 12:00am
India's June vegoil imports drop

India's June vegoil imports drop

India's vegetable oil imports fell 6.7 percent in June from a year earlier as buyers held off from purchases in the hope that prices would drop further, a top trade body said on Tuesday. But the world's biggest importer of the cooking oil is on course to
Published 16 Jul, 2014 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 93,926 tonnes of cargo comprising 62,483 tonnes of import cargo and 31,443 tonnes of export cargo including 5,745 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 62,4
Published 16 Jul, 2014 12:00am
Oil cake market rates

Oil cake market rates

Both the deliveries unchanged on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The July contract closed at Rs 1858.80 and it opened with no change in the early session, they said. The July vaida ended at Rs 149
Published 16 Jul, 2014 12:00am
Steadier trend prevails on cotton market

Steadier trend prevails on cotton market

Mills and exporters continued buying to meet their urgent needs, dealers said on the cotton market on Tuesday. The official spot rate was firm at Rs 6,000, they added. The prices of seed cotton in Sindh were at Rs 3300-3325 and in Punjab rates were at Rs
Published 16 Jul, 2014 12:00am
Firm trend on grain market

Firm trend on grain market

Stable trend was seen on the wholesale grain market on Tuesday as most of the participants were on the sidelines due to less buying interest, dealers said.
Published 16 Jul, 2014 12:00am
Bangladesh tea prices up

Bangladesh tea prices up

Tea prices in Bangladesh extended gains at the weekly auction on Tuesday due to robust demand from local buyers for quality leaf, despite larger supplies and sales volume also rose. Bangladeshi tea fetched an average of 190.35 taka ($2.4) per kg at the au
Published 16 Jul, 2014 12:00am
Greece battles to defuse ticking debt bomb

Greece battles to defuse ticking debt bomb

Dimitris Pikrodimitris took out a mortgage four years ago when he was drawing an annual income of 27,000 euros ($36,720). But the economy quickly sank into a debt crisis, forcing Greeks to tighten their belts and driving the insurance agent's wages down t
Published 16 Jul, 2014 12:00am
Dark pool probe builds pressure on Barclays boss

Dark pool probe builds pressure on Barclays boss

Barclays boss Antony Jenkins faces one of the biggest tests of his leadership this month when he decides whether the bank, Britain's third largest, should fight accusations it deceived and defrauded customers in the United States. If Jenkins accepts the a
Published 16 Jul, 2014 12:00am
EU to tighten up online gambling rules as business booms

EU to tighten up online gambling rules as business booms

The EU said Monday it wanted tighter rules to regulate the fast developing online gambling industry in an effort to better protect minors and coordinate a huge but fragmented market. Online gambling, stretching from poker to sports betting, has exploded w
Published 16 Jul, 2014 12:00am
Turkish budget on track, spending to remain tight

Turkish budget on track, spending to remain tight

Turkey will maintain tight fiscal discipline in the coming months after data showed it was comfortably on track to meet its budget deficit targets for the year, Finance Minister Mehmet Simsek said on Tuesday. The country holds a presidential election in A
Published 16 Jul, 2014 12:00am
Merck KGaA pharma chief says looking at mid-size deals

Merck KGaA pharma chief says looking at mid-size deals

German chemicals and drugs company Merck KGaA is in the market for mid-size acquisitions to bolster its pharmaceuticals division, the head of that unit told Swiss business paper Finanz und Wirtschaft. Asked whether Merck was planning to go on a buying spr
Published 16 Jul, 2014 12:00am
Poor numbers rise in Italy to 10.5 million

Poor numbers rise in Italy to 10.5 million

The number of poor people in Italy rose to 10.48 million people - or 16.6 percent of the population - in 2013, Italy's official data agency Istat said on Monday. In 2012, the number of people counted as poor relative to an average cost of living index was
Published 16 Jul, 2014 12:00am
Mylan near multibillion-dollar deal for Abbott drug assets

Mylan near multibillion-dollar deal for Abbott drug assets

US generic drugmaker Mylan Inc is in advanced talks to acquire a multibillion-dollar portfolio of established products from Abbott Laboratories, people familiar with the matter said. The proposed transaction, which is in late-stage discussions, would see
Published 16 Jul, 2014 12:00am
BoJ holds off fresh stimulus, says economy recovering

BoJ holds off fresh stimulus, says economy recovering

The Bank of Japan on Tuesday held off expanding its vast stimulus programme, saying the world's number three economy was recovering despite activity taking a hit from April's sales tax hike. However, policymakers slightly lowered the economic growth forec
Published 16 Jul, 2014 12:00am
UK inflation jumps

UK inflation jumps

British inflation surged to a five-month high last month and house prices rose at their fastest rate in years, prompting investors to increase bets on an interest rate rise before the end of 2014. Underlining the challenge facing the Bank of England as it
Published 16 Jul, 2014 12:00am
China's bank lending up in June

China's bank lending up in June

China's bank lending picked up in June from May, the central bank said Tuesday, as authorities accelerated infrastructure investment to boost the flagging economy, but analysts warned of a possible debt bubble. Domestic banks granted 1.08 trillion yuan ($
Published 16 Jul, 2014 12:00am
Airbus clinches first airline customer for revamped jet

Airbus clinches first airline customer for revamped jet

Airbus clinched its first airline customer for a newly revamped model with a tentative deal with Malaysia's AirAsia for 50 A330neo wide-body jets worth over $13 billion on Tuesday. The deal was sealed with a peck on the cheek from the French boss of Europ
Published 16 Jul, 2014 12:00am
Credit Suisse wins $3.7 billion RMBS bid list

Credit Suisse wins $3.7 billion RMBS bid list

Credit Suisse has won a US $3.7 billion bid list of 179 legacy non-agency RMBS bonds, market sources said on Tuesday, the biggest sale of its kind since the crash. The cover bid - the second-best offer for the list - was 73 cents on the dollar, a portfoli
Published 16 Jul, 2014 12:00am
Government slaps $579 million penalty on Reliance

Government slaps $579 million penalty on Reliance

The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row. Oil Minister Dharmendra Pradhan told parliament on
Published 16 Jul, 2014 12:00am
Reynolds American to buy Lorillard in $27.4 billion deal

Reynolds American to buy Lorillard in $27.4 billion deal

US tobacco giant Reynolds American will buy Lorillard for $27.4 billion and sell cigarette brands including Salem and Winston to British firm Imperial Tobacco for $7.1 billion, the companies said Tuesday. The deal combines Reynolds American Inc (RAI), the
Published 16 Jul, 2014 12:00am
J.P Morgan profit declines eight percent

J.P Morgan profit declines eight percent

J.P. Morgan Chase & Co, the biggest US bank by assets, said on Tuesday that second-quarter profit fell 8 percent after customer stock and bond trading volume dropped and mortgage lending fees plunged. The results were not as bad as investors had feared, a
Published 16 Jul, 2014 12:00am
J.P Morgan profit declines eight percent

J.P Morgan profit declines eight percent

J.P. Morgan Chase & Co, the biggest US bank by assets, said on Tuesday that second-quarter profit fell 8 percent after customer stock and bond trading volume dropped and mortgage lending fees plunged. The results were not as bad as investors had feared, a
Published 16 Jul, 2014 12:00am
BES's new chief vows to recapture confidence

BES's new chief vows to recapture confidence

The new chief of stricken Portuguese bank Banco Espirito Santo (BES) on Tuesday vowed to win back the market's confidence after shares in the lender tumbled to a record low. "My priority is to recapture the confidence of the markets, put an end to specula
Published 16 Jul, 2014 12:00am
Goldman earnings rise despite weak trading performance

Goldman earnings rise despite weak trading performance

Goldman Sachs Tuesday reported a slight bump in second-quarter earnings as strong results in underwriting and its own investments offset a hit from lower trading fees for clients. Earnings at the large US investment bank rose 4.7 percent to $1.95 billion
Published 16 Jul, 2014 12:00am
Goldman earnings rise despite weak trading performance

Goldman earnings rise despite weak trading performance

Goldman Sachs Tuesday reported a slight bump in second-quarter earnings as strong results in underwriting and its own investments offset a hit from lower trading fees for clients. Earnings at the large US investment bank rose 4.7 percent to $1.95 billion
Published 16 Jul, 2014 12:00am
US retail sales, manufacturing data point at firming economy

US retail sales, manufacturing data point at firming economy

A gauge of US consumer spending rose solidly in June, in the latest indication that the economy ended the second quarter on a stronger footing. That momentum appeared to have carried into the third quarter, with another report on Tuesday showing factory a
Published 16 Jul, 2014 12:00am
Most markets rise, Dubai outperforms

Most markets rise, Dubai outperforms

Dubai's bourse outperformed a generally strong region on Tuesday as construction firm Arabtec surged on hopes for positive news from the company or one of its major shareholders. Arabtec soared 13.6 percent to a one-month high of 4.86 dirhams and was amon
Published 16 Jul, 2014 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo stocks closed 0.64 percent higher Tuesday, tracking a rise on Wall Street and with the weaker yen supporting exporters, while traders await congressional testimony by US Federal Reserve chief Janet Yellen. The Nikkei 225 index rose 98.34 points to f
Published 16 Jul, 2014 12:00am
Wall Street rises on Citi earnings, healthcare M&A

Wall Street rises on Citi earnings, healthcare M&A

US stocks ended higher on Monday, with the Dow Jones industrial average hitting an intraday record, lifted by Citigroup's better-than-expected earnings and more deals in the healthcare space. Monday's flurry of mergers and acquisitions activity in the hea
Published 16 Jul, 2014 12:00am
Taiwan stocks surge

Taiwan stocks surge

Taiwan stocks rose 0.69 percent in midmorning trading on Tuesday to a seven-and-a-half-year high, on expectations of continued support for global equities from the US Federal Reserve. As of 0154 GMT, the main TAIEX index was up 65.40 points at 9,585.70, i
Published 16 Jul, 2014 12:00am
Treasuries steady

Treasuries steady

US Treasuries hewed to narrow ranges on Tuesday, slightly weaker ahead of congressional testimony from Federal Reserve Chair Janet Yellen, who is expected to emphasize the central bank's flexibility in policy. Prices on Treasuries were little changed afte
Published 16 Jul, 2014 12:00am
Treasuries steady

Treasuries steady

US Treasuries hewed to narrow ranges on Tuesday, slightly weaker ahead of congressional testimony from Federal Reserve Chair Janet Yellen, who is expected to emphasize the central bank's flexibility in policy. Prices on Treasuries were little changed afte
Published 16 Jul, 2014 12:00am
Sri Lanka bourse at 33-month high

Sri Lanka bourse at 33-month high

Sri Lankan stocks hit 33-month highs on Tuesday, led by diversified shares such as Carson Cumberbatch Plc and John Keells Holdings Plc a day after the central bank left policy rates steady at multi-year low. Continued foreign buying also boosted sentiment
Published 16 Jul, 2014 12:00am
Indian shares snap five-day selling streak

Indian shares snap five-day selling streak

Indian shares rose about 1 percent on Tuesday, snapping a five-day losing streak as rate-sensitive stocks such as ICICI Bank surged after consumer inflation in June slowed to the lowest since the figures were published in January 2012. Data late on Monday
Published 16 Jul, 2014 12:00am
China, Hong Kong shares surge

China, Hong Kong shares surge

China shares ended up on Tuesday as gains food and beverage companies erased losses stemming from concerns a second batch of initial public offerings (IPOs) could pull funds from existing stocks. The Shanghai Composite Index added 0.2 percent at 2,070.36
Published 16 Jul, 2014 12:00am
Dip in DAX and Lisbon market weigh on European shares

Dip in DAX and Lisbon market weigh on European shares

European stocks fell on Tuesday as declining investor morale hit Germany's benchmark DAX equity index and worries over Portugal's Banco Espirito Santo weakened the Lisbon market. The declines on the DAX and Lisbon's PSI-20 equity index contributed to a re
Published 16 Jul, 2014 12:00am
Australian shares flat

Australian shares flat

Australian shares ended flat on Tuesday as a government report on the financial system dragged on banks to pull the market lower, though a rise in miners and on Wall Street overnight helped temper losses The S&P/ASX 200 index closed flat at 5,511.3 at the
Published 16 Jul, 2014 12:00am
Southeast Asian markets: Indonesia's key index up

Southeast Asian markets: Indonesia's key index up

Indonesia's key index rose on Tuesday, led by large cap banks, while Thai shares retreated from an over 13-month high as investors cashed in recent gainers after twelve straight days of gains. Jakarta's composite index closed up about 1 percent after a co
Published 16 Jul, 2014 12:00am
FTSE hit by Yellen comments, housebuilders, Imperial Tobacco

FTSE hit by Yellen comments, housebuilders, Imperial Tobacco

Britain's top shares lost ground on Tuesday after US Federal Reserve Chair Janet Yellen voiced concern over valuations. Housebuilders were hit by growing expectations UK interest rates will soon rise, while Imperial Tobacco fell sharply. In the monetary p
Published 16 Jul, 2014 12:00am
Dollar up against yen

Dollar up against yen

The dollar edged up against the yen on Tuesday after the Bank of Japan tweaked its growth forecast lower, although currency moves were small as investors waited for Federal Reserve Chair Janet Yellen's congressional testimony later in the session. The BoJ
Published 16 Jul, 2014 12:00am
Euro drops in London after German ZEW survey

Euro drops in London after German ZEW survey

The euro fell on Tuesday, after Germany's ZEW survey suggested a shaky start for Europe's largest economy in the third quarter while lingering problems about Portugal's largest listed bank kept investors wary of the single currency. Portuguese 10-year bon
Published 16 Jul, 2014 12:00am
Early trade in New York: retail data drive muted dollar gain, euro drops

Early trade in New York: retail data drive muted dollar gain, euro drops

The dollar got a lift on Tuesday from retail data showing the US economy expanding but gains were muted as investors awaited possibly market-moving congressional testimony by Federal Reserve chief Janet Yellen. The euro dropped and the British pound jumpe
Published 16 Jul, 2014 12:00am
Dollar up against yen, little changed versus others in New York

Dollar up against yen, little changed versus others in New York

The dollar inched up against the Japanese yen on Monday but was little changed against other major currencies as investors awaited congressional testimony by Federal Reserve Chair Janet Yellen on US monetary policy. The dollar was up 0.2 percent against t
Published 16 Jul, 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 Tuesday. 77.60-77.60 (previous 77.60-77.60). Call Money Rates: 05.50-07.00 percent (previous 05.50-07.00 percent).
Published 16 Jul, 2014 12:00am
Indian rupee ends lower

Indian rupee ends lower

The Indian rupee fell for a second session in a row as dollar demand from state-run banks for oil-and defence-related payments offset a recovery in shares after a five-day losing streak. Traders expect the rupee to remain range-bound in the near-term, wit
Published 16 Jul, 2014 12:00am
Yuan falls

Yuan falls

China's yuan fell slightly against the dollar for the second day on Tuesday, pushed down by corporate demand for dollars after the central bank set another weaker midpoint, traders said. Spot yuan stood at 6.2109 per dollar by midday, 0.08 percent weaker
Published 16 Jul, 2014 12:00am
Asian currencies retreat versus dollar

Asian currencies retreat versus dollar

Asian currencies fell back against the dollar on Tuesday after a strong run as some players squared positions ahead of US Federal Reserve Chair Janet Yellen's congressional testimony on monetary policy. The weakness in Asian currencies was in contrast to
Published 16 Jul, 2014 12:00am
Australian and New Zealand dollar steady

Australian and New Zealand dollar steady

The Australian and New Zealand dollars were mostly steady on Tuesday with the kiwi hunkering down near a post-float peak in the lead up to local inflation data. Caution ahead of Federal Reserve Chair Janet Yellen's testimony due later in the day and a bat
Published 16 Jul, 2014 12:00am
Sterling surges towards six-year highs

Sterling surges towards six-year highs

Sterling rose to match a recent six-year high against a currency basket on Tuesday, after data showed British inflation sped up unexpectedly in June to its fastest rate since January, fuelling the view that interest rates will rise this year. Consumer pri
Published 16 Jul, 2014 12:00am
Sri Lanka plan memorable farewell for Jayawardene

Sri Lanka plan memorable farewell for Jayawardene

Sri Lanka are planning to give star batsman Mahela Jayawardene a fitting farewell by winning his remaining matches, captain Angelo Mathews said ahead of the first Test against South Africa starting Wednesday. On Monday, Jayawardene announced he will retir
Published 16 Jul, 2014 12:00am
Amla poised to lead South Africa into new Test era

Amla poised to lead South Africa into new Test era

South African Test cricket will usher in a new era under captain Hashim Amla on Wednesday when the country's first permanent non-white skipper leads the side out against Sri Lanka in Galle. Top order batsman Amla replaces the colossus Graeme Smith, who le
Published 16 Jul, 2014 12:00am