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Print - 2014-08-09
Violence in Punjab while Islamabad on the edge

Violence in Punjab while Islamabad on the edge

Clashes between activists of Pakistan Awami Tehrik (PAT) and the Punjab Police broke out on Friday evening at Faisal Town crossings when PAT workers removed the containers put up by the administration to block all the roads leading to Minhajul Quran Insti
Published 09 Aug, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Article 245: Khursheed seeks record, notification

Article 245: Khursheed seeks record, notification

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah asked Pakistan Muslim League-Nawaz (PML-N) government to provide the record and notification of invocation of Article 245, which had been shown by the Interior Minister on the floor o
Published 09 Aug, 2014 12:00am
Article 245: Khursheed seeks record, notification

Article 245: Khursheed seeks record, notification

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah asked Pakistan Muslim League-Nawaz (PML-N) government to provide the record and notification of invocation of Article 245, which had been shown by the Interior Minister on the floor o
Published 09 Aug, 2014 12:00am
Fuel supply suspended, motorbikes seized: PTI

Fuel supply suspended, motorbikes seized: PTI

Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mehmood Qureshi has said that his party would hold a peaceful "Azadi March" on August 14, 2014 at all cost. While condemning on the floor of the National Assembly Friday the arrests of the PTI workers in P
Published 09 Aug, 2014 12:00am
Fuel supply suspended, motorbikes seized: PTI

Fuel supply suspended, motorbikes seized: PTI

Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mehmood Qureshi has said that his party would hold a peaceful "Azadi March" on August 14, 2014 at all cost. While condemning on the floor of the National Assembly Friday the arrests of the PTI workers in P
Published 09 Aug, 2014 12:00am
Ebrahim breaks his silence, rejects allegations by Imran

Ebrahim breaks his silence, rejects allegations by Imran

Former Chief Election Commissioner former Justice Fakhruddin G Ebrahim has rejected allegations of any pressure from the former Chief Justice Iftikhar Mohammad Chaudhry during 2013 general elections. According to him, the army should have been given more
Published 09 Aug, 2014 12:00am
Ebrahim breaks his silence, rejects allegations by Imran

Ebrahim breaks his silence, rejects allegations by Imran

Former Chief Election Commissioner former Justice Fakhruddin G Ebrahim has rejected allegations of any pressure from the former Chief Justice Iftikhar Mohammad Chaudhry during 2013 general elections. According to him, the army should have been given more
Published 09 Aug, 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 Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Violence in Punjab while Islamabad on the edge

Violence in Punjab while Islamabad on the edge

Clashes between activists of Pakistan Awami Tehrik (PAT) and the Punjab Police broke out on Friday evening at Faisal Town crossings when PAT workers removed the containers put up by the administration to block all the roads leading to Minhajul Quran Insti
Published 09 Aug, 2014 12:00am
Import of 0.3 million tons of potato allowed on zero percent ST

Import of 0.3 million tons of potato allowed on zero percent ST

The Federal Board of Revenue (FBR) has allowed import of a total quantity of 300,000 tons of potato at the rate of zero percent sales tax without payment of withholding tax up to November 15, 2014. The FBR here on Friday issued three notifications to allo
Published 09 Aug, 2014 12:00am
Import of 0.3 million tons of potato allowed on zero percent ST

Import of 0.3 million tons of potato allowed on zero percent ST

The Federal Board of Revenue (FBR) has allowed import of a total quantity of 300,000 tons of potato at the rate of zero percent sales tax without payment of withholding tax up to November 15, 2014. The FBR here on Friday issued three notifications to allo
Published 09 Aug, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (August 08, 2014).

Published 09 Aug, 2014 12:00am
Import of 0.3 million tons of potato allowed on zero percent ST

Import of 0.3 million tons of potato allowed on zero percent ST

The Federal Board of Revenue (FBR) has allowed import of a total quantity of 300,000 tons of potato at the rate of zero percent sales tax without payment of withholding tax up to November 15, 2014. The FBR here on Friday issued three notifications to allo
Published 09 Aug, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (August 08, 2014).
Published 09 Aug, 2014 12:00am
Import of 0.3 million tons of potato allowed on zero percent ST

Import of 0.3 million tons of potato allowed on zero percent ST

The Federal Board of Revenue (FBR) has allowed import of a total quantity of 300,000 tons of potato at the rate of zero percent sales tax without payment of withholding tax up to November 15, 2014. The FBR here on Friday issued three notifications to allo
Published 09 Aug, 2014 12:00am
Pakistan, Hong Kong and Indonesia set for Islamic bond issues

Pakistan, Hong Kong and Indonesia set for Islamic bond issues

Hong Kong, Indonesia and Pakistan are banking on pent-up investor demand as they look to raise up to a combined US $3.5bn in the fast-growing Islamic bond market. The three sovereign sukuk issues, including a planned US $1bn debut from Triple A rated Hong
Published 09 Aug, 2014 12:00am
Spanish factories raise output

Spanish factories raise output

Spanish factories boosted production in the year to June for the eighth month in a row, official data showed Monday, as a hesitant economic recovery gathered strength. Spanish industry pushed up output by 0.8 percent in June from a year earlier, after cor
Published 09 Aug, 2014 12:00am
Army, Rangers may be deployed in major cities on August 14

Army, Rangers may be deployed in major cities on August 14

The personnel of Pakistan Army and Pakistan Rangers are likely to be deployed in important cities of Punjab, including the provincial metropolis Lahore, on August 14, sources said. They said the deployment of army and Pakistan Rangers will be made to avoi
Published 09 Aug, 2014 12:00am
Two persons killed

Two persons killed

At least two persons including a woman were killed while another woman was injured in an attack, here on Friday. According to police and rescue sources, Urooj, daughter of Badshah, and Nazish, daughter of Ramadan, was allegedly shot by one Umair over some
Published 09 Aug, 2014 12:00am
Samsung to donate ultrasound machines to JPMC

Samsung to donate ultrasound machines to JPMC

The Karachi Office of the Embassy of the Republic of Korea is proud to announce that an inaugural ceremony for the donation of three Ultrasound Machines by Samsung Electronics to the Jinnah Postgraduate Medical Center (JPMC) will be held on August 11 at 1
Published 09 Aug, 2014 12:00am
LHC seeks assurance from Qadri

LHC seeks assurance from Qadri

The Lahore High Court here on Friday remarked that it could order the removal of all obstacles from roads in and around Model Town if Dr Tahirul Qadri holds out an assurance for peace. The court directed Lahore Capital City Police Officer to provide a rev
Published 09 Aug, 2014 12:00am
Frequent power outages adversely affect work at PSQCA's lab

Frequent power outages adversely affect work at PSQCA's lab

Frequent power outages and unannounced loadshedding being resorted to by K-Electric have been affecting working of Pakistan Standards and Quality Control Authority's (PSQCA) Laboratory, it was learnt here on Friday. Although PSQCA which claimed to have al
Published 09 Aug, 2014 12:00am
Crackdown against PML-Q, PAT workers begins: Elahi

Crackdown against PML-Q, PAT workers begins: Elahi

Pakistan Muslim League-Q central leader Chaudhry Parvez Elahi has said the government out of panic has started crackdown in every district of Punjab against PML-Q and PAT workers. "Even sanctity of "chadar and chahardeevari" was being violated in case of
Published 09 Aug, 2014 12:00am
Business community seeks resolution of issues through parliament

Business community seeks resolution of issues through parliament

Business community expressed serious concerns over current political tension and called for showing restraint by all concerned to defuse the situation in larger interest of the country. The business leaders maintained that political unrest would adversely
Published 09 Aug, 2014 12:00am
Chinese tourist: three held in DIK for kidnapping

Chinese tourist: three held in DIK for kidnapping

The police on Friday arrested key accused along with his brother and father allegedly involved in kidnapping of Chinese tourist. District Police Officer (DPO) Sadiq Hussain Baloch said that accused Sher Ali along with his accomplices had kidnapped a Chine
Published 09 Aug, 2014 12:00am
Cement despatches decline 14.12 percent in July 2014

Cement despatches decline 14.12 percent in July 2014

Cement despatches to domestic market during the month of July 2014 were 1.73 million tons compared with 1.85 million tons during same month last year showing a decline of 6.52 percent. Exports during July 2014 were 503,000 tons against 749,000 tons during
Published 09 Aug, 2014 12:00am
Sarwar underscores need for resolving disputes through negotiations

Sarwar underscores need for resolving disputes through negotiations

Governor Punjab Chaudhry Muhammad Sarwar passionately appealed to all political parties for resolving all the issues through negotiations in the larger interest of the country and the nation. "All quarters should show flexibility and sit across the table
Published 09 Aug, 2014 12:00am
Qadri instigating violence: Hamza

Qadri instigating violence: Hamza

A leader of PML-N and Member National Assembly Hamza Shahbaz Sharif has said that Tahir-ul-Qadri has exposed his real face by instigating his followers to violence. While addressing a gathering, Hamza said the nation is busy in Independence Day celebratio
Published 09 Aug, 2014 12:00am
Protecting key installations: government's responsibility: Minister

Protecting key installations: government's responsibility: Minister

Punjab Law Minister Rana Mashhood Ahmed Khan has said it is responsibility of the government to protect life and property of the people and the PML-N government will fulfill this responsibility at every cost. Talking to media men after a meeting here on T
Published 09 Aug, 2014 12:00am
LCCI's dinner at President House today

LCCI's dinner at President House today

President of Pakistan Mamnoon Hussain will be the Chief Guest of LCCI Ambassador's Dinner being held on Saturday (August 9) at President House Islamabad. LCCI President Engineer Sohail Lashari, Senior Vice President Mian Tariq Misbah, Vice President Kashi
Published 09 Aug, 2014 12:00am
'PPP to oppose anti-democracy moves'

'PPP to oppose anti-democracy moves'

The Pakistan People's Party will strongly oppose destabilisation of democracy and would come in way of elements trying to derail democratic system, PPP leader and former State Minister Malik Azmat Khan said on Friday. Talking to APP, Malik Azmat Khan said
Published 09 Aug, 2014 12:00am
JUI-N protests against Israel

JUI-N protests against Israel

Jamiat Ulema-e-Islam-Nazriati took out a rally to express solidarity with Palestinians here in the border town Chaman on Friday. Speaking on the occasion, JUI-N provincial chief Maulana Mohammad Hanif strongly condemned the violence against innocent Pales
Published 09 Aug, 2014 12:00am
Theme of World Breastfeeding Week for 2014 highlighted

Theme of World Breastfeeding Week for 2014 highlighted

Civil society organisations demanded implementation and enforcement of the standards and recommendations contained in the International Code of Marketing of Breast-Milk Substitutes during a consultation organised by The Network for Consumer Protection (TN
Published 09 Aug, 2014 12:00am
Qureshi criticises PML-N government for arresting PTI workers

Qureshi criticises PML-N government for arresting PTI workers

Vice Chairman of Pakistan Tehrik-e-Insaf Makhdoom Shah Mehmood Qureshi lambasted the PML-N led government on Friday for allegedly carrying out arrests and detainment of party workers in the lead up to the Azadi March. He termed the attitude of the governm
Published 09 Aug, 2014 12:00am
PTI to set up 'Kafan Posh Jaan-nisar' security force

PTI to set up 'Kafan Posh Jaan-nisar' security force

Pakistan Tehrik-e-Insaf (PTI) has decided to set up a security force, 'Kafan Posh Jaan-nisar Force', for the protection of PTI Chairman Imran Khan and party leaders during the Azadi March on August 14. PTI Central Joint Secretary Shabbir Sial and PTI Punj
Published 09 Aug, 2014 12:00am
Four killed as van falls into pond

Four killed as van falls into pond

At least four persons including a woman were killed as a van fell in a pond here early Friday morning. Police said the accident took place at National Highway in Qazi Ahmed locality of Nawabshah where a private van skidded off road and plunged into a pond
Published 09 Aug, 2014 12:00am
Saad urges Imran to postpone his 'Azadi march'

Saad urges Imran to postpone his 'Azadi march'

Federal Minister for Railways Khawaja Saad Rafique on Friday urged PTI Chief Imran Khan to postpone his Azadi march and keep the option of dialogue open, as the government wants to end political impasse through negotiation. Talking to the media outside th
Published 09 Aug, 2014 12:00am
KP Governor optimistic about economic prospects

KP Governor optimistic about economic prospects

KP Governor Sardar Mahtab Ahmad Khan has said that security of the country, stability, prosperity and development of the nation and ensuring better future for the coming generations are the supreme objectives of all of us and we will spare no efforts to m
Published 09 Aug, 2014 12:00am
Women empowerment: increase in budgetary allocations demanded

Women empowerment: increase in budgetary allocations demanded

Pak-Women, a non government organisation expressed concern over share of only 3 per cent for women empowerment and development in the Khyber Pakhtunkhwa current fiscal year budget, and demanding to increase the annual budgetary allocations as per the grow
Published 09 Aug, 2014 12:00am
National Assembly session extended till August 22

National Assembly session extended till August 22

The House Business Advisory Committee of the National Assembly met in Parliament House with Speaker Sardar Ayaz Sadiq in the chair to discuss further business to be taken up and duration of the current session of the National Assembly. After discussion, i
Published 09 Aug, 2014 12:00am
Karachi exhibition: foreign construction firms to participate

Karachi exhibition: foreign construction firms to participate

Chairman Association of Builders and Developers of Pakistan said that several companies allied to construction and large companies from Singapore, UAE, Turkey, Thailand, Indonesia and Germany are participating in the three-day exhibition starting on Augus
Published 09 Aug, 2014 12:00am
500 smuggled cellphones seized at airport

500 smuggled cellphones seized at airport

Directorate of Intelligence and Investigation, FBR, Karachi on Friday claimed to have seized substantial quantity of smuggled cellphones, concealed in sound systems. According to sources, credible information was received by Acting Director Shaukat Ali, w
Published 09 Aug, 2014 12:00am
Sangakkara leads Sri Lanka's solid reply in rain-hit Test

Sangakkara leads Sri Lanka's solid reply in rain-hit Test

Kumar Sangakkara rose to fourth place in the list of century-makers as he and the retiring Mahela Jayawardene plundered Pakistan's bowlers on the rain-hit third day of the first Test in Galle on Friday. The hosts, who began the day at 99-1 in reply to Pak
Published 09 Aug, 2014 12:00am
UEFA green light for vanishing spray

UEFA green light for vanishing spray

European football's governing body UEFA on Friday approved the use of vanishing spray to police free-kicks in Champions League and Europa League matches from the start of the 2014-15 season. "This spray is very useful," UEFA president Michel Platini said
Published 09 Aug, 2014 12:00am
Majka wins again to seize lead in Tour of Poland

Majka wins again to seize lead in Tour of Poland

Rafal Majka won on his home Tour of Poland for the second day running on Friday, triumphing on the sixth stage to seize the overall race lead from Czech rider Petr Vakoc. Just as he had on Thursday, Majka once again pipped Spanish duo Benat Intxausti and
Published 09 Aug, 2014 12:00am
Rain frustrates England

Rain frustrates England

England were on the cusp of regaining control of the fourth Test against India at Old Trafford when rain forced an early close to Friday's second day. England were 237 for six in reply to India's 152 all out, a lead of 85 runs. Joe Root was 48 not out and
Published 09 Aug, 2014 12:00am
Suarez bids to have FIFA biting ban halved

Suarez bids to have FIFA biting ban halved

Luis Suarez on Friday pleaded his case before the Court of Arbitration for Sport (CAS) to halve his four-month FIFA ban for biting, boosted by a strong show of support from the world players' union. Barcelona's Uruguayan striker, in a blue checked shirt a
Published 09 Aug, 2014 12:00am
McIlroy grabs PGA lead on eagle wings

McIlroy grabs PGA lead on eagle wings

World number one Rory McIlroy eagled the par-5 10th hole Friday at Valhalla to seize a two-stroke lead at the PGA Championship in his quest for consecutive major titles. McIlroy, who captured the British Open last month at Royal Liverpool, put his approac
Published 09 Aug, 2014 12:00am
PCB constitution: IHC issues interim order

PCB constitution: IHC issues interim order

The Islamabad High Court (IHC) on Friday issued an interim order in response to a petition in which the newly-enacted constitution of Pakistan Cricket Board (PCB) was challenged. A single-member bench headed by Justice Atharminallah resumed the hearing of
Published 09 Aug, 2014 12:00am
Kiwi cricketer's bat falls foul of US customs

Kiwi cricketer's bat falls foul of US customs

New Zealander cricketer Jimmy Neesham had a shock travelling through America when his bat was drilled full of holes by customs officials. The 23-year-old, who was in transit between matches for his Caribbean Premier League team, the Guyana Amazon Warriors
Published 09 Aug, 2014 12:00am
Bosnia captain Spahic quits international scene

Bosnia captain Spahic quits international scene

Bosnia and Hercegovina captain Emir Spahic is quitting international football after ten years' national service culminating in his country's first appearance at a World Cup finals. "It's over, I am withdrawing from the team," the 33-year-old Bayer Leverku
Published 09 Aug, 2014 12:00am
Drogba announces retirement

Drogba announces retirement

Veteran Ivory Coast striker Didier Drogba on Friday announced his retirement from international football at the age of 36. "It is with much sadness that I have decided to retire from international football," Drogba wrote in a message on his Twitter accoun
Published 09 Aug, 2014 12:00am
Honeymoon over as Djokovic crashes to Tsonga

Honeymoon over as Djokovic crashes to Tsonga

World number one Novak Djokovic slumped to a 6-2, 6-2 defeat to Jo-Wilfried Tsonga in the third round of the Toronto Masters on Thursday while Roger Federer advanced with a tight victory. Newly married Djokovic, who needed almost three hours to get past G
Published 09 Aug, 2014 12:00am
Kvitova, Sharapova ousted at Montreal

Kvitova, Sharapova ousted at Montreal

Wimbledon champion Petra Kvitova and French Open winner Maria Sharapova suffered third-round shock exits while top seed Serena Williams avoided the upset bug Thursday at the WTA Montreal hardcourt tournament. Russian Ekaterina Makarova upended second-seed
Published 09 Aug, 2014 12:00am
Australian and New Zealand dollar hit by risk aversion

Australian and New Zealand dollar hit by risk aversion

The Australian and New Zealand dollars were on the defensive on Friday, while bonds rallied sharply as news US President Barack Obama had sanctioned air strikes in Iraq drove investors to seek safe-haven assets. The main move came in the safe-haven yen wh
Published 09 Aug, 2014 12:00am
Sterling hits two-month low against dollar

Sterling hits two-month low against dollar

Sterling hit an eight-week low against the dollar and fell sharply against the euro on Friday as investors moved towards traditionally lower-yielding safe haven currencies after the United States authorised air strikes against militants in Iraq. A bigger-
Published 09 Aug, 2014 12:00am
US stand on Iraq weakens Asia FX

US stand on Iraq weakens Asia FX

Most emerging Asian currencies fell on Friday to see weekly losses as US President Barack Obama's authorisation of air strikes in Iraq dampened risk sentiment, while regional units recovered parts of slides after strong Chinese trade data. Earlier, Obama
Published 09 Aug, 2014 12:00am
Euro drops in New York

Euro drops in New York

The euro weakened on Thursday, undermined by the European Central Bank saying it would leave interest rates unchanged at record lows and that the fragile economic recovery will keep the loose policy in place for an extended period. The ECB's decision was
Published 09 Aug, 2014 12:00am
Early trade in New York: Yen, Swiss franc advance

Early trade in New York: Yen, Swiss franc advance

The yen and Swiss franc rose on Friday as investors sought the relative safety of these currencies after yet another spurt of geopolitical tension that saw the United States launch an air strike against Iraq for the first time since American troops withdr
Published 09 Aug, 2014 12:00am
Euro inches higher in London trade

Euro inches higher in London trade

The euro gained back some ground against the dollar and sterling on Friday, while investors sought the traditional safety of the yen and Swiss franc after US President Barack Obama approved air strikes in Iraq. Obama said in an address that he authorised
Published 09 Aug, 2014 12:00am
Dollar slips against yen in Asia

Dollar slips against yen in Asia

The dollar slipped against the safe haven yen on Friday after news that US President Barack Obama had authorised air strikes in Iraq added to simmering geopolitical tensions and sapped risk appetite. Obama said in an address that he authorised targeted st
Published 09 Aug, 2014 12:00am
Indian rupee recovers

Indian rupee recovers

The Indian rupee recovered from five-month lows on Friday as some of the currency's recent losses were seen as overdone even as sentiment stayed weak given the global geo-political concerns. The rupee fell marginally over the week to mark a second consecu
Published 09 Aug, 2014 12:00am
Britain's top share index posts second straight weekly loss

Britain's top share index posts second straight weekly loss

Britain's top equity index suffered a second straight weekly loss after falling on Friday, with US air strikes in Iraq adding to an already gloomy geopolitical and economic landscape. The bluechip FTSE 100 index closed 30.01 points lower, or 0.5 percent,
Published 09 Aug, 2014 12:00am
Australian shares drop to five-week low

Australian shares drop to five-week low

Australian shares fell to five-week low on Friday, after Wall Street extended its losses on concerns that tensions between Russia and the West and tit-for-tat sanctions may hit global growth. The S&P/ASX 200 index lost 1.3 percent or 73.7 points to 5,435.
Published 09 Aug, 2014 12:00am
European shares sink to lowest close since March

European shares sink to lowest close since March

European shares fell on Friday, for the seventh time in eight sessions, on growing nervousness after US warplanes struck in Iraq for the first time since American troops pulled out in 2011. The FTSEurofirst 300 index of top European shares ended down 0.7
Published 09 Aug, 2014 12:00am
Indian shares mark second consecutive weekly fall

Indian shares mark second consecutive weekly fall

Indian shares fell 1 percent on Friday, to mark their third consecutive session of declines, as bluechips such as Larsen & Toubro slumped on global risk aversion after US President Barack Obama authorised targeted air strikes in Iraq. Global shares tumble
Published 09 Aug, 2014 12:00am
Malaysia Airline's shares suspended pending announcement

Malaysia Airline's shares suspended pending announcement

Malaysia Airline System Bhd said on Friday it has halted trading in its shares pending an announcement. The carrier did not elaborate but sources told Reuters in July that state investor Khazanah Nasional Bhd, which owns 69 percent of MAS, plans to take i
Published 09 Aug, 2014 12:00am
Malaysia Airline's shares suspended pending announcement

Malaysia Airline's shares suspended pending announcement

Malaysia Airline System Bhd said on Friday it has halted trading in its shares pending an announcement. The carrier did not elaborate but sources told Reuters in July that state investor Khazanah Nasional Bhd, which owns 69 percent of MAS, plans to take i
Published 09 Aug, 2014 12:00am
Ten-year yields hit 14-month low

Ten-year yields hit 14-month low

US Treasuries prices rose on Thursday, knocking benchmark 10-year yields to closing lows last seen in mid-2013, as news that a Ukrainian fighter jet had been downed rattled investors already worried about a Russian ban of Western food imports. Ten-year no
Published 09 Aug, 2014 12:00am
Ten-year yields hit 14-month low

Ten-year yields hit 14-month low

US Treasuries prices rose on Thursday, knocking benchmark 10-year yields to closing lows last seen in mid-2013, as news that a Ukrainian fighter jet had been downed rattled investors already worried about a Russian ban of Western food imports. Ten-year no
Published 09 Aug, 2014 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks dropped 0.66 percent on Friday morning, after the island nation's economic minister submitted his resignation and on continued geopolitical tensions worldwide. The main TAIEX index was down 60.31 points at 9,071.13 as of 0153 GMT, after clos
Published 09 Aug, 2014 12:00am
Sri Lankan stocks remain up

Sri Lankan stocks remain up

Sri Lankan stocks rose to a near three-year closing high on Friday as hopes of a policy rate cut and further fall in interest rates led investors to snap up banking and diversified shares amid continued buying by foreign investors. The main stock index ed
Published 09 Aug, 2014 12:00am
Wall Street ends lower

Wall Street ends lower

US stocks ended lower on Thursday, continuing a recent streak of weakness as Russia's surprisingly harsh retaliatory measures in response to Western sanctions raised concerns about global growth. In addition to Moscow's ban on imports of many Western food
Published 09 Aug, 2014 12:00am
Friday's midday trade: stocks rise despite Iraq air strikes

Friday's midday trade: stocks rise despite Iraq air strikes

US stocks rose on Friday, with high dividend-paying utility stocks leading gains and benchmark Treasury yields at a 14-month low, even as US air strikes in Iraq added to a string of geopolitical uncertainties. The rise of an eastern Ukraine native as lead
Published 09 Aug, 2014 12:00am
Nikkei suffers biggest fall in five months on fear of faraway conflicts

Nikkei suffers biggest fall in five months on fear of faraway conflicts

Japan's Nikkei share average slumped to a two-month low on Friday, suffering its biggest daily decline in five months as investors were gripped with fear that geopolitical crises in Ukraine and the Middle East could disrupt global growth. The Tokyo Stock
Published 09 Aug, 2014 12:00am
Hong Kong stocks down, China up

Hong Kong stocks down, China up

Hong Kong stocks ended 0.23 percent down on Friday, after investors reacted to US President Barack Obama's announcement that he had authorised air strikes on Iraq. The benchmark Hang Seng Index fell 56.15 points to 24,331.41 at the close. The markets in m
Published 09 Aug, 2014 12:00am
Telecom Italia pursuing tie-up with Vivendi

Telecom Italia pursuing tie-up with Vivendi

Telecom Italia is said to be pursuing an alliance with Vivendi that may see the French media group take a "significant" stake in the Italian company, Bloomberg said on Thursday, citing people with knowledge of the matter. A deal could involve Vivendi rece
Published 09 Aug, 2014 12:00am
Sprint replaces CEO after failed T-Mobile bid

Sprint replaces CEO after failed T-Mobile bid

US wireless carrier Sprint said Wednesday it was replacing its chief executive after an apparently bungled effort to take over rival T-Mobile. Sprint said its new president and CEO would be Marcelo Claure, who founded and heads Brightstar, a subsidiary of
Published 09 Aug, 2014 12:00am
Chrysler profit up

Chrysler profit up

Amid concerns that Fiat shareholders will prevent a merger of the Italian automaker with Chrysler Group, the American automaker reported that second-quarter profit was up 22 percent to $619 million. Fiat shares fell as much as 8.5 percent on Wednesday to
Published 09 Aug, 2014 12:00am
Chrysler profit up

Chrysler profit up

Amid concerns that Fiat shareholders will prevent a merger of the Italian automaker with Chrysler Group, the American automaker reported that second-quarter profit was up 22 percent to $619 million. Fiat shares fell as much as 8.5 percent on Wednesday to
Published 09 Aug, 2014 12:00am
Adecco profits up 15 percent

Adecco profits up 15 percent

The world's biggest temporary staffing group Adecco posted on Thursday a 15-percent rise in net profit for the second quarter, as temp work southern Europe picked up speed. For the April-June period, the Swiss company said its net profit grew to 145 milli
Published 09 Aug, 2014 12:00am
Adecco profits up 15 percent

Adecco profits up 15 percent

The world's biggest temporary staffing group Adecco posted on Thursday a 15-percent rise in net profit for the second quarter, as temp work southern Europe picked up speed. For the April-June period, the Swiss company said its net profit grew to 145 milli
Published 09 Aug, 2014 12:00am
More Chinese cities relax property rules in policy shift

More Chinese cities relax property rules in policy shift

More than half of China's cities have relaxed property controls and analysts say more are expected to follow, suggesting the central government is easing its grip on the sector as the cooling housing market poses a growing threat to the economy. Foshan, a
Published 09 Aug, 2014 12:00am
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