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Print - 2014-09-14
FC man among three killed in Quetta blast

FC man among three killed in Quetta blast

Three persons including an FC man were killed while twenty-four others sustained injuries when a blast occurred at Sariab-link road on Saturday. According to police, a blast apparently targeting a vehicle of a paramilitary force occurred at Sariab-link ro
Published 14 Sep, 2014 12:00am
FC man among three killed in Quetta blast

FC man among three killed in Quetta blast

Three persons including an FC man were killed while twenty-four others sustained injuries when a blast occurred at Sariab-link road on Saturday. According to police, a blast apparently targeting a vehicle of a paramilitary force occurred at Sariab-link ro
Published 14 Sep, 2014 12:00am
Sri Lanka's expulsion of refugees goes to highest court

Sri Lanka's expulsion of refugees goes to highest court

Sri Lankan rights activists have gone to the country's highest court in a bid to stop the government summarily deporting Afghan, Iranian and Pakistani refugees, their lawyer said Saturday Six human rights defenders have petitioned the Supreme Court to cha
Published 14 Sep, 2014 12:00am
Sri Lanka's expulsion of refugees goes to highest court

Sri Lanka's expulsion of refugees goes to highest court

Sri Lankan rights activists have gone to the country's highest court in a bid to stop the government summarily deporting Afghan, Iranian and Pakistani refugees, their lawyer said Saturday Six human rights defenders have petitioned the Supreme Court to cha
Published 14 Sep, 2014 12:00am
Imran goes berserk

Imran goes berserk

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Saturday said that he would register murder cases against Prime Minister Nawaz Sharif and interior minister Chaudhary Nisar Ali Khan over the killings of his party workers. Pushing back heavy police co
Published 14 Sep, 2014 12:00am
Imran goes berserk

Imran goes berserk

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Saturday said that he would register murder cases against Prime Minister Nawaz Sharif and interior minister Chaudhary Nisar Ali Khan over the killings of his party workers. Pushing back heavy police co
Published 14 Sep, 2014 12:00am
No crackdown ordered, claims Nisar

No crackdown ordered, claims Nisar

Interior Minister Chaudhry Nisar Ali Khan on Saturday said the law enforcement agencies had nabbed only seven out of 20 people who stormed Pakistan Television (PTV) building, Parliament House and attacked police. Addressing a news conference, Nisar said t
Published 14 Sep, 2014 12:00am
No crackdown ordered, claims Nisar

No crackdown ordered, claims Nisar

Interior Minister Chaudhry Nisar Ali Khan on Saturday said the law enforcement agencies had nabbed only seven out of 20 people who stormed Pakistan Television (PTV) building, Parliament House and attacked police. Addressing a news conference, Nisar said t
Published 14 Sep, 2014 12:00am
100 PTI, PAT workers sent to Adiala; Swati arrested

100 PTI, PAT workers sent to Adiala; Swati arrested

Pakistan Tehreek-e-Insaf (PTI) KP President Azam Khan Swati was arrested by Police here Saturday. Police manhandled Swati along with other workers and shifted them to Margalla Police Station after he refused to disperse along with other party workers. Pol
Published 14 Sep, 2014 12:00am
100 PTI, PAT workers sent to Adiala; Swati arrested

100 PTI, PAT workers sent to Adiala; Swati arrested

Pakistan Tehreek-e-Insaf (PTI) KP President Azam Khan Swati was arrested by Police here Saturday. Police manhandled Swati along with other workers and shifted them to Margalla Police Station after he refused to disperse along with other party workers. Pol
Published 14 Sep, 2014 12:00am
400 arrested in Lahore

400 arrested in Lahore

The Lahore police arrested hundreds of PTI workers. Media reports claimed that some 400 PTI workers were arrested in a police crackdown. The police raided the residences of prominent PTI workers and arrested many of them.
Published 14 Sep, 2014 12:00am
Government-PTI talks hit a wall over arrests

Government-PTI talks hit a wall over arrests

Pakistan Tehreek-e-Insaf (PTI) Secretary General Jehangir Tareen on Saturday blasted the government for the arrest of his party workers, and declared there will be no further government-PTI talks unless workers are released. Speaking at a press conference
Published 14 Sep, 2014 12:00am
Government-PTI talks hit a wall over arrests

Government-PTI talks hit a wall over arrests

Pakistan Tehreek-e-Insaf (PTI) Secretary General Jehangir Tareen on Saturday blasted the government for the arrest of his party workers, and declared there will be no further government-PTI talks unless workers are released. Speaking at a press conference
Published 14 Sep, 2014 12:00am
Thousands march for UK as Scotland vote nears

Thousands march for UK as Scotland vote nears

Thousands of members of the Protestant Orange order marched through Edinburgh on Saturday in a show of strength against Scottish independence, as the final weekend of campaigning for the referendum got underway with everything to play for. Up to 15,000 su
Published 14 Sep, 2014 12:00am
Russia, Ukraine trade blame as fighting tests truce

Russia, Ukraine trade blame as fighting tests truce

Tensions over Ukraine festered on Saturday after Kiev accused the Kremlin of seeking to "eliminate" the pro-Western former Soviet nation while Moscow charged Washington with orchestrating the entire crisis. The bitter exchange in the wake of the toughest
Published 14 Sep, 2014 12:00am
Rs 230.6 billion dues: IPPs urge Dar to help forestall total collapse

Rs 230.6 billion dues: IPPs urge Dar to help forestall total collapse

Independent power producers (IPPs) are in a state of frustration to continue producing power as their outstanding amount has reached Rs 230.6 billion. They have requested the finance minister to take notice of this critical condition. A letter signed by a
Published 14 Sep, 2014 12:00am
Rs 230.6 billion dues: IPPs urge Dar to help forestall total collapse

Rs 230.6 billion dues: IPPs urge Dar to help forestall total collapse

Independent power producers (IPPs) are in a state of frustration to continue producing power as their outstanding amount has reached Rs 230.6 billion. They have requested the finance minister to take notice of this critical condition. A letter signed by a
Published 14 Sep, 2014 12:00am
Rs 230.6 billion dues: IPPs urge Dar to help forestall total collapse

Rs 230.6 billion dues: IPPs urge Dar to help forestall total collapse

Independent power producers (IPPs) are in a state of frustration to continue producing power as their outstanding amount has reached Rs 230.6 billion. They have requested the finance minister to take notice of this critical condition. A letter signed by a
Published 14 Sep, 2014 12:00am
Chinese output growth slows to five-year low in August

Chinese output growth slows to five-year low in August

China's industrial production growth slowed sharply in August to its lowest level for more than five years at 6.9 percent, official data showed Saturday, intensifying concerns for the world's second-largest economy. The key indicator, which measures outpu
Published 14 Sep, 2014 12:00am
Kerry in Cairo to drum up support for 'war' on jihadists

Kerry in Cairo to drum up support for 'war' on jihadists

US Secretary of State John Kerry said Saturday Egypt was on the frontline against "terrorism" after meeting its leadership to garner support to fight jihadists in Iraq and Syria. Egypt's formidable army is unlikely to take part in a military coalition aga
Published 14 Sep, 2014 12:00am
70 missing after ferry sinks in Philippines: government

70 missing after ferry sinks in Philippines: government

At least 70 people are missing after a ferry sank in the waters off the central Philippines in bad weather on Saturday night, the government's civil defence office said. The Maharlika II ferry, carrying at least 84 people went down off the central island
Published 14 Sep, 2014 12:00am
NDMA starts flood assessment with UN help

NDMA starts flood assessment with UN help

The National Disaster Management Authority (NDMA) on Saturday initiated work on Multi Initial Rapid Assessment (MIRA) in collaboration with the UN agency in flood-hit areas of Punjab. The assessment would be carried out in most affected districts Mandi Ba
Published 14 Sep, 2014 12:00am
NDMA starts flood assessment with UN help

NDMA starts flood assessment with UN help

The National Disaster Management Authority (NDMA) on Saturday initiated work on Multi Initial Rapid Assessment (MIRA) in collaboration with the UN agency in flood-hit areas of Punjab. The assessment would be carried out in most affected districts Mandi Ba
Published 14 Sep, 2014 12:00am
Upper Sindh on tenterhooks

Upper Sindh on tenterhooks

Sindh Information Minister Sharjil Memon has said that a peak flood of around 0.7 million cusecs of water is expected to enter River Indus and the provincial government has already finalised a strategy to deal with the flooding challenge in an effective a
Published 14 Sep, 2014 12:00am
Upper Sindh on tenterhooks

Upper Sindh on tenterhooks

Sindh Information Minister Sharjil Memon has said that a peak flood of around 0.7 million cusecs of water is expected to enter River Indus and the provincial government has already finalised a strategy to deal with the flooding challenge in an effective a
Published 14 Sep, 2014 12:00am
Punjabi Taliban renounce militancy

Punjabi Taliban renounce militancy

Tehreek-e-Taliban Pakistan (TTP) Punjab (commonly known as Punjabi Taliban) has announced it has given up militancy and will now focus on propagation of religion. The Punjabi Taliban chief, Asmatullah Muavia, in a video released on Saturday, also urged ot
Published 14 Sep, 2014 12:00am
Punjabi Taliban renounce militancy

Punjabi Taliban renounce militancy

Tehreek-e-Taliban Pakistan (TTP) Punjab (commonly known as Punjabi Taliban) has announced it has given up militancy and will now focus on propagation of religion. The Punjabi Taliban chief, Asmatullah Muavia, in a video released on Saturday, also urged ot
Published 14 Sep, 2014 12:00am
YOUR RUPEE LAST MONTH

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (August 4 to 29, 2014)

Published 14 Sep, 2014 12:00am
The Weather

The Weather

The weather report on Saturday (September 13, 2014) and the forecast for Sunday (September 14, 2014).

Published 14 Sep, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (September 13, 2014) and for Sunday (September 14, 2014).
Published 14 Sep, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (September 13, 2014)

Published 14 Sep, 2014 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
Port Qasim Authority

Port Qasim Authority

Karachi Shipping Intelligence at Port Qasim report incorporating changes till 7 am on Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
Port Qasim Authority

Port Qasim Authority

Karachi Shipping Intelligence at Port Qasim report incorporating changes till 7 am on Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
THE RUPEE: minor change

THE RUPEE: minor change

Little change was witnessed on the money market at the week-end as the rupee fell slightly versus the dollar in the process of trading, dealers said.
Published 14 Sep, 2014 12:00am
THE RUPEE: minor change

THE RUPEE: minor change

Little change was witnessed on the money market at the week-end as the rupee fell slightly versus the dollar in the process of trading, dealers said.
Published 14 Sep, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (September 13, 2014).

Published 14 Sep, 2014 12:00am
Thermal coal prices decline on weak demand

Thermal coal prices decline on weak demand

Thermal coal prices mostly declined on Friday as weak demand weighed on prices. Australian coal cargoes for delivery from its Newcastle terminal in December were trading at $65.25 a tonne by 1444 GMT, down 75 cents from their previous settlement. October
Published 14 Sep, 2014 12:00am
Algeria buys 400,000 tonnes of milling wheat

Algeria buys 400,000 tonnes of milling wheat

Algeria's state grains agency OAIC bought around 400,000 tonnes of milling wheat this week, a deal in which usual supplier France is expected to miss out due to harvest quality problems, European traders said. Algeria, one of the world's largest wheat imp
Published 14 Sep, 2014 12:00am
Iron ore set to stretch losses to fifth week in China

Iron ore set to stretch losses to fifth week in China

Iron ore is headed for a fifth consecutive week of losses after hitting another five-year low, weighed down by plentiful supply and a weaker steel market in top importer China. The steelmaking raw material - China's top commodity import by volume and the
Published 14 Sep, 2014 12:00am
Oil cake market rates

Oil cake market rates

Deliveries were higher on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The December contract closed at Rs 1497.30 and it opened with a rise of 70 paisa at Rs 1498.00, they said. The January vaida ended at Rs
Published 14 Sep, 2014 12:00am
Cotton market: upward trend amid persisting demand witnessed

Cotton market: upward trend amid persisting demand witnessed

Prices of seed cotton maintained upward trend on the cotton market on Saturday in the process of persisting demand by mills and some exporters, dealers said. The official spot rate was unchanged at Rs 5,650, they added. In the session, nearly 9,000 bales
Published 14 Sep, 2014 12:00am
Indian tea extends losses

Indian tea extends losses

Average tea prices in India, the world's second-biggest producer, extended losses at this week's auction on sluggish demand from buyers and an expected rise in supplies in coming weeks. The CTC (crush-tear-curl) grade leaf was sold at 145.02 rupees per kg
Published 14 Sep, 2014 12:00am
Asian naphtha price stays weak

Asian naphtha price stays weak

The Asian naphtha price differential between second-half October and second-half November was at a discount of $3.50 a tonne on Friday as ample supplies persisted. It marked a fourth straight session that the open-spec benchmark price was at a discount. "
Published 14 Sep, 2014 12:00am
Lean business on grain market

Lean business on grain market

A few changes seen on the local grain market on Saturday as most of the buyers were on the sidelines due to higher rates, dealers said. On the cereal side, Gur low type gained Rs 200 to Rs 6000 and the fine quality was higher by Rs 1500 to Rs 7500, other
Published 14 Sep, 2014 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canada canola futures rose on Friday after frost covered parts of Saskatchewan, halting a four-day skid. Temperatures dipped overnight to between -3 Celsius and -1 Celsius (26.6 to 30.2 Fahrenheit) in parts of Saskatchewan, the biggest canola-growing
Published 14 Sep, 2014 12:00am
US natural gas futures slightly up

US natural gas futures slightly up

US natural gas futures ended a few cents higher on Friday, clawing back some of the previous session's 3 percent drop that came under pressure from a bigger-than-expected storage build. Front-month gas futures on the New York Mercantile Exchange closed up
Published 14 Sep, 2014 12:00am
Palm oil rises on European vegoils market

Palm oil rises on European vegoils market

Palm oil on the European vegetable oils market rose on Friday on hopes for improved demand during an export tax exemption in September and October. "Kuala Lumpur mostly ignored Thursday's bearish USDA supply/demand reports with investors buying the market
Published 14 Sep, 2014 12:00am
US FOB Gulf soyabean offers quietly steady

US FOB Gulf soyabean offers quietly steady

US FOB Gulf grain and soyabean offers were quietly steady after the close on Friday with abundant supplies at home and overseas keeping buyers awaiting harvest lows in the world's biggest grain exporter, traders said. Export business remained routine on F
Published 14 Sep, 2014 12:00am
Port Qasim's activities

Port Qasim's activities

A cargo volume of 78,370 tonnes comprising 67,924 tonnes of import cargo and 10,446 tonnes of export cargo inclusive 2,595 loaded and empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Saturday. The total import cargo of 67,924
Published 14 Sep, 2014 12:00am
US Midwest corn, soya bids mostly steady

US Midwest corn, soya bids mostly steady

Spot soya and corn basis bids held mostly steady around the US Midwest on Friday in light trade a day after the government released its monthly supply and demand report, dealers said. The data showed the government boosted its 2014 crop production expecta
Published 14 Sep, 2014 12:00am
Indian soyabean, soyaoil futures rise on global cues

Indian soyabean, soyaoil futures rise on global cues

Indian soyabean and soyaoil futures rose on Friday in line with the global market where the palm oil contract touched its highest in over three weeks. Malaysian palm oil futures edged up to touch their highest in over three weeks on Friday, with prices re
Published 14 Sep, 2014 12:00am
EU wheat futures fall at four-year low

EU wheat futures fall at four-year low

European wheat futures slipped to a new four-year low on Friday after a higher-than-expected global supply outlook from the US government and a tender by Algeria confirmed weak export prospects for a rain-affected French crop. November wheat on the Paris-
Published 14 Sep, 2014 12:00am
Pfizer, Ranbaxy win dismissal of lawsuit over generic Lipitor

Pfizer, Ranbaxy win dismissal of lawsuit over generic Lipitor

Pfizer Inc and India's Ranbaxy Laboratories Ltd on Friday won dismissal of a US antitrust lawsuit accusing them of conspiring to delay sales of generic versions of the best-selling cholesterol drug Lipitor. US District Judge Peter Sheridan in Trenton, New
Published 14 Sep, 2014 12:00am
CVC Credit Partners plans fund to buy stressed European loans

CVC Credit Partners plans fund to buy stressed European loans

CVC Credit Partners, the credit arm of London-based CVC Capital Partners, has had preliminary discussions with at least one investor about launching a fund earmarked to buy stressed-but-performing loans on the books of European banks. The credit business,
Published 14 Sep, 2014 12:00am
CVC Credit Partners plans fund to buy stressed European loans

CVC Credit Partners plans fund to buy stressed European loans

CVC Credit Partners, the credit arm of London-based CVC Capital Partners, has had preliminary discussions with at least one investor about launching a fund earmarked to buy stressed-but-performing loans on the books of European banks. The credit business,
Published 14 Sep, 2014 12:00am
Reinsurers flock to Monte Carlo as market storm brews

Reinsurers flock to Monte Carlo as market storm brews

For a financial sector posting a double-digit rise in earnings and boasting large cash piles, reinsurers sure see a lot of storm clouds on the horizon. That's because they are facing what many see as an unprecedented problem: an abundance of reinsurance s
Published 14 Sep, 2014 12:00am
US defence industry says global turmoil swaying budget hawks

US defence industry says global turmoil swaying budget hawks

Images of two Americans being beheaded and of Russian tanks rolling through Ukraine have boosted pressure on Congress to roll back $1 trillion in mandatory defence cuts that the defence industry blames for almost 100,000 job cuts in recent years. US lawma
Published 14 Sep, 2014 12:00am
Philippines awards $1.5 billion railway deal to Metro Pacific consortium

Philippines awards $1.5 billion railway deal to Metro Pacific consortium

The Philippines said on Saturday it had awarded a 65 billion pesos ($1.5 billion) contract to upgrade and extend Manila's oldest elevated railway line to a consortium comprised of Metro Pacific Investments Corp, Ayala Corp and Macquarie Group Ltd. The thr
Published 14 Sep, 2014 12:00am
Brazil studies slashing key fiscal goal in 2014

Brazil studies slashing key fiscal goal in 2014

The Brazilian government is studying whether to cut its most closely watched fiscal target in 2014 because revenues came in worse than expected and onetime expenditures climbed, Treasury chief Arno Augustin told Reuters on Friday. This is the first time a
Published 14 Sep, 2014 12:00am
J.P Morgan hackers accessed servers but stole no money

J.P Morgan hackers accessed servers but stole no money

Hackers accessed dozens of servers at J.P. Morgan Chase & Co in a cyberattack launched in June, though no money was taken, the New York Times reported on Friday, citing people familiar with the investigation into the case. "We are confident we have closed
Published 14 Sep, 2014 12:00am
China's bank loans bounce back

China's bank loans bounce back

Credit levels in China appeared to improve in August after an alarming drop in July, but remained below average, adding pressure on policymakers to offer more stimulus measures to meet their 7.5 percent economic growth target for the year. Premier Li Keqi
Published 14 Sep, 2014 12:00am
Larger Apple iPhone shipments delayed amid record orders

Larger Apple iPhone shipments delayed amid record orders

Customers may have to wait three to four weeks to get their hands on Apple Inc's iPhone 6 Plus, after a record number of orders for the company's latest smartphones strained available supply. The new iPhone 6 goes on sale on September 19 in the United Sta
Published 14 Sep, 2014 12:00am
Argentina faces new devaluation as dollar demand grows

Argentina faces new devaluation as dollar demand grows

Recession-hit Argentines are flocking to buy dollars, nervous over the government's latest debt default and pressure from the business community to devalue the peso for the second time this year. Officially, a dollar is worth 8.42 Argentine pesos. But it
Published 14 Sep, 2014 12:00am
Romania says Gazprom scraps plan to cut gas deliveries

Romania says Gazprom scraps plan to cut gas deliveries

Russia's Gazprom scrapped a plan to cut gas exports to Romania by 9 percent on Saturday and by 5 percent on Sunday, Romania's Energy Minister Razvan Nicolescu said. "Our (pipeline operator) Transgaz was notified by Gazprom's office in Sofia that gas deliv
Published 14 Sep, 2014 12:00am
US sees Europe deflation risk, plans G20 bid to boost global demand

US sees Europe deflation risk, plans G20 bid to boost global demand

The United States is planning to push Europe towards new and more aggressive efforts to boost demand and economic growth given a renewed risk of deflation in the euro zone, a senior Treasury official said on Friday. Group of 20 finance ministers and centr
Published 14 Sep, 2014 12:00am
Bosses charged with rebuilding Portugal's BES bank quit

Bosses charged with rebuilding Portugal's BES bank quit

The rebuilding of Portugal's Novo Banco - the successor to Banco Espirito Santo (BES) after a state rescue last month - was dealt a blow on Saturday with the resignation of the three men handpicked by the central bank in July to turn BES round. Chief exec
Published 14 Sep, 2014 12:00am
Russia and China discussing 32 joint projects

Russia and China discussing 32 joint projects

Russia and China are discussing more than 30 joint economic projects in a variety of areas from petrochemicals to banking, Russia's First Deputy Prime Minister Igor Shuvalov said on Saturday after visiting China last week. As Russia was hit by new sanctio
Published 14 Sep, 2014 12:00am
Myanmar suspends work permits for maids going to Singapore

Myanmar suspends work permits for maids going to Singapore

Myanmar has temporarily banned its women from working as maids in Singapore due to concerns over abuse and exploitation, an employment body in Yangon said on Saturday. The suspension comes amid a global spotlight on the working conditions of migrant domes
Published 14 Sep, 2014 12:00am
Russia says ready to help Rosneft and Novatek from wealth fund

Russia says ready to help Rosneft and Novatek from wealth fund

Russia is ready to support sanctions-hit energy companies Rosneft and Novatek from its National Wealth Fund, Finance Minister Anton Siluanov said on Saturday, according to Russian news agencies. He stressed, however, that any support would be limited by a
Published 14 Sep, 2014 12:00am
Canada ratifies China deal, may help smooth relations

Canada ratifies China deal, may help smooth relations

Canada has finally ratified a foreign investment protection agreement with China after a two-year delay in a step that may help ease tensions between the two countries and smooth the way for a possible visit to China by Prime Minister Stephen Harper. Inte
Published 14 Sep, 2014 12:00am
Allianz plans to sell US consumer business

Allianz plans to sell US consumer business

German insurer Allianz is planning to sell the personal insurance business of its US subsidiary Fireman's Fund as the unit continues to miss its targets, a German newspaper reported. Fireman's Fund's commercial coverage focused on small and medium-sized U
Published 14 Sep, 2014 12:00am
Allianz plans to sell US consumer business

Allianz plans to sell US consumer business

German insurer Allianz is planning to sell the personal insurance business of its US subsidiary Fireman's Fund as the unit continues to miss its targets, a German newspaper reported. Fireman's Fund's commercial coverage focused on small and medium-sized U
Published 14 Sep, 2014 12:00am
Brazil to extend FX intervention programme

Brazil to extend FX intervention programme

Brazil's central bank will extend its currency intervention program into 2015 and may increase the rollover pace of expiring currency swaps to curb volatility in the real, a person on President Dilma Rousseff's economic team said on Friday. The person tol
Published 14 Sep, 2014 12:00am
German property firm TLG to unveil IPO plans

German property firm TLG to unveil IPO plans

German commercial real estate company TLG Immobilien aims to unveil plans for an initial public offering next week, several sources familiar with the situation told Reuters on Wednesday. The move adds to a rush of German companies aiming for a stock marke
Published 14 Sep, 2014 12:00am
German property firm TLG to unveil IPO plans

German property firm TLG to unveil IPO plans

German commercial real estate company TLG Immobilien aims to unveil plans for an initial public offering next week, several sources familiar with the situation told Reuters on Wednesday. The move adds to a rush of German companies aiming for a stock marke
Published 14 Sep, 2014 12:00am
Dubai's Marka to list shares, first flotation since 2009

Dubai's Marka to list shares, first flotation since 2009

Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market (DFM) on September 25 in the market's first flotation for five years, the company said on Saturday. New share issues dried up in Dubai when its financial crisis
Published 14 Sep, 2014 12:00am
Dubai's Marka to list shares, first flotation since 2009

Dubai's Marka to list shares, first flotation since 2009

Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market (DFM) on September 25 in the market's first flotation for five years, the company said on Saturday. New share issues dried up in Dubai when its financial crisis
Published 14 Sep, 2014 12:00am
Spanish yields record biggest weekly rise since mid-2013

Spanish yields record biggest weekly rise since mid-2013

Spanish bond yields recorded their biggest weekly rise in more than a year on Friday as expectations of a US interest rate hike exacerbated weakness triggered by concerns that Scotland's independence referendum was emboldening Catalan separatists. Spanish
Published 14 Sep, 2014 12:00am
Spanish yields record biggest weekly rise since mid-2013

Spanish yields record biggest weekly rise since mid-2013

Spanish bond yields recorded their biggest weekly rise in more than a year on Friday as expectations of a US interest rate hike exacerbated weakness triggered by concerns that Scotland's independence referendum was emboldening Catalan separatists. Spanish
Published 14 Sep, 2014 12:00am
India's Karbonn Mobiles expects to go public by 2016

India's Karbonn Mobiles expects to go public by 2016

Karbonn Mobiles, the third-largest smartphone maker in India, expects to go public by 2016 as it bets on sales of Android devices made in partnership with Google Inc to boost revenue growth. "Frankly, I've been delaying it for the last couple of years bec
Published 14 Sep, 2014 12:00am
India's Karbonn Mobiles expects to go public by 2016

India's Karbonn Mobiles expects to go public by 2016

Karbonn Mobiles, the third-largest smartphone maker in India, expects to go public by 2016 as it bets on sales of Android devices made in partnership with Google Inc to boost revenue growth. "Frankly, I've been delaying it for the last couple of years bec
Published 14 Sep, 2014 12:00am
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