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Print - 2014-11-01
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (October 31, 2014).

Published 01 Nov, 2014 12:00am
China hails moot on Afghanistan

China hails moot on Afghanistan

China on Friday hailed an international conference on Afghanistan that it said agreed to launch dozens of programmes to boost development and help the country maintain peace as foreign forces draw down. Chinese foreign minister Wang Yi said that under a "
Published 01 Nov, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (October 31, 2014).

Published 01 Nov, 2014 12:00am
China hails moot on Afghanistan

China hails moot on Afghanistan

China on Friday hailed an international conference on Afghanistan that it said agreed to launch dozens of programmes to boost development and help the country maintain peace as foreign forces draw down. Chinese foreign minister Wang Yi said that under a "
Published 01 Nov, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (October 31, 2014).

Published 01 Nov, 2014 12:00am
China hails moot on Afghanistan

China hails moot on Afghanistan

China on Friday hailed an international conference on Afghanistan that it said agreed to launch dozens of programmes to boost development and help the country maintain peace as foreign forces draw down. Chinese foreign minister Wang Yi said that under a "
Published 01 Nov, 2014 12:00am
Gadani Power Park: six companies submit EoIs
Libor

Gadani Power Park: six companies submit EoIs

Six companies have submitted their Expressions of Interest (EoIs) against imported coal-based IPPs of cumulative capacity of 6600 MW to be set up at the Gadani Power Park, (Balochistan). The EoI opening ceremony was held here yesterday at Private Power &
Published 01 Nov, 2014 12:00am
Gadani Power Park: six companies submit EoIs
Libor

Gadani Power Park: six companies submit EoIs

Six companies have submitted their Expressions of Interest (EoIs) against imported coal-based IPPs of cumulative capacity of 6600 MW to be set up at the Gadani Power Park, (Balochistan). The EoI opening ceremony was held here yesterday at Private Power &
Published 01 Nov, 2014 12:00am
Gadani Power Park: six companies submit EoIs
Libor

Gadani Power Park: six companies submit EoIs

Six companies have submitted their Expressions of Interest (EoIs) against imported coal-based IPPs of cumulative capacity of 6600 MW to be set up at the Gadani Power Park, (Balochistan). The EoI opening ceremony was held here yesterday at Private Power &
Published 01 Nov, 2014 12:00am
Wapda: nearly 300 cases of financial malfeasance detected

Wapda: nearly 300 cases of financial malfeasance detected

Auditor General of Pakistan (AGP) has detected 289 cases of financial indiscipline, embezzlement, miscalculation, weak internal control system and overpayment amounting to Rs 947.5 billion in Water and Power Development Authority (Wapda) which deals with
Published 01 Nov, 2014 12:00am
Wapda: nearly 300 cases of financial malfeasance detected

Wapda: nearly 300 cases of financial malfeasance detected

Auditor General of Pakistan (AGP) has detected 289 cases of financial indiscipline, embezzlement, miscalculation, weak internal control system and overpayment amounting to Rs 947.5 billion in Water and Power Development Authority (Wapda) which deals with
Published 01 Nov, 2014 12:00am
Wapda: nearly 300 cases of financial malfeasance detected

Wapda: nearly 300 cases of financial malfeasance detected

Auditor General of Pakistan (AGP) has detected 289 cases of financial indiscipline, embezzlement, miscalculation, weak internal control system and overpayment amounting to Rs 947.5 billion in Water and Power Development Authority (Wapda) which deals with
Published 01 Nov, 2014 12:00am
NSS: investment target missed: AGP''''''''s report

NSS: investment target missed: AGP''''''''s report

The Auditor General of Pakistan (AGP) has confirmed that National Savings Schemes missed the investment target by fetching Rs 1024.25 billion against the target of Rs 1025.19 billion during the financial year 2012-13. The Central Directorate of National S
Published 01 Nov, 2014 12:00am
NSS: investment target missed: AGP''''s report

NSS: investment target missed: AGP''''s report

The Auditor General of Pakistan (AGP) has confirmed that National Savings Schemes missed the investment target by fetching Rs 1024.25 billion against the target of Rs 1025.19 billion during the financial year 2012-13. The Central Directorate of National S
Published 01 Nov, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (October 31, 2014).

Published 01 Nov, 2014 12:00am
NSS: investment target missed: AGP''s report

NSS: investment target missed: AGP''s report

The Auditor General of Pakistan (AGP) has confirmed that National Savings Schemes missed the investment target by fetching Rs 1024.25 billion against the target of Rs 1025.19 billion during the financial year 2012-13. The Central Directorate of National S
Published 01 Nov, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (October 31, 2014).
Published 01 Nov, 2014 12:00am
NSS: investment target missed: AGP's report

NSS: investment target missed: AGP's report

The Auditor General of Pakistan (AGP) has confirmed that National Savings Schemes missed the investment target by fetching Rs 1024.25 billion against the target of Rs 1025.19 billion during the financial year 2012-13. The Central Directorate of National S
Published 01 Nov, 2014 12:00am
NSS: investment target missed: AGP's report

NSS: investment target missed: AGP's report

The Auditor General of Pakistan (AGP) has confirmed that National Savings Schemes missed the investment target by fetching Rs 1024.25 billion against the target of Rs 1025.19 billion during the financial year 2012-13. The Central Directorate of National S
Published 01 Nov, 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 (October 31, 2014).

Published 01 Nov, 2014 12:00am
Up 14 percent YoY: SBP earns Rs 268 billion profit

Up 14 percent YoY: SBP earns Rs 268 billion profit

The State Bank of Pakistan earned a profit of Rs 268.634 billion, up by 14 percent, for the financial year ended June 30, 2014 (FY14), compared to Rs 235.892 billion in the preceding year (FY13). According to SBP Annual Performance Review for the year 201
Published 01 Nov, 2014 12:00am
Up 14 percent YoY: SBP earns Rs 268 billion profit

Up 14 percent YoY: SBP earns Rs 268 billion profit

The State Bank of Pakistan earned a profit of Rs 268.634 billion, up by 14 percent, for the financial year ended June 30, 2014 (FY14), compared to Rs 235.892 billion in the preceding year (FY13). According to SBP Annual Performance Review for the year 201
Published 01 Nov, 2014 12:00am
Up 14 percent YoY: SBP earns Rs 268 billion profit

Up 14 percent YoY: SBP earns Rs 268 billion profit

The State Bank of Pakistan earned a profit of Rs 268.634 billion, up by 14 percent, for the financial year ended June 30, 2014 (FY14), compared to Rs 235.892 billion in the preceding year (FY13). According to SBP Annual Performance Review for the year 201
Published 01 Nov, 2014 12:00am
Up 14 percent YoY: SBP earns Rs 268 billion profit

Up 14 percent YoY: SBP earns Rs 268 billion profit

The State Bank of Pakistan earned a profit of Rs 268.634 billion, up by 14 percent, for the financial year ended June 30, 2014 (FY14), compared to Rs 235.892 billion in the preceding year (FY13). According to SBP Annual Performance Review for the year 201
Published 01 Nov, 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 Friday (October 31, 2014).

Published 01 Nov, 2014 12:00am
SBP adopts IFRS

SBP adopts IFRS

In pursuance of International Monetary Fund''''s (IMF) recommendations, State Bank of Pakistan (SBP) has adopted International Financial Reporting Standards (IFRS) as its financial reporting framework. The Central Board of Directors of the SBP in its meet
Published 01 Nov, 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 Friday (October 31, 2014).

Published 01 Nov, 2014 12:00am
SBP adopts IFRS

SBP adopts IFRS

In pursuance of International Monetary Fund''s (IMF) recommendations, State Bank of Pakistan (SBP) has adopted International Financial Reporting Standards (IFRS) as its financial reporting framework. The Central Board of Directors of the SBP in its meetin
Published 01 Nov, 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 Friday (October 31, 2014).

Published 01 Nov, 2014 12:00am
SBP adopts IFRS

SBP adopts IFRS

In pursuance of International Monetary Fund's (IMF) recommendations, State Bank of Pakistan (SBP) has adopted International Financial Reporting Standards (IFRS) as its financial reporting framework. The Central Board of Directors of the SBP in its meeting
Published 01 Nov, 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 01 Nov, 2014 12:00am
SBP adopts IFRS

SBP adopts IFRS

In pursuance of International Monetary Fund's (IMF) recommendations, State Bank of Pakistan (SBP) has adopted International Financial Reporting Standards (IFRS) as its financial reporting framework. The Central Board of Directors of the SBP in its meeting
Published 01 Nov, 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 01 Nov, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 01 Nov, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 01 Nov, 2014 12:00am
Marvel unveils huge slate of new superhero films

Marvel unveils huge slate of new superhero films

Marvel unveiled plans Tuesday for a slate of new superhero films, expanding its already wildly successful comic book universe - and breaking ground with its first solo black and female hero movies. In a surprise announcement, the studio revealed there wil
Published 01 Nov, 2014 12:00am
BRIDGE NOTES: Look before you leap

BRIDGE NOTES: Look before you leap

Bridge offers several choices to choose your best line in dummy play. This requires good judgment, comprehension of opponents' possible distribution and high card points as well as the alertness to the inferences gathered from the bidding. Today's illustr
Published 01 Nov, 2014 12:00am
Demonic 'Annabelle' draws on classic horror films for nostalgic scares

Demonic 'Annabelle' draws on classic horror films for nostalgic scares

There's a new demon in town, and she's hiding among the toys. "Annabelle, kicks off October's Halloween offerings at the box office with the origin story of a porcelain doll that masks a sinister secret, a spin-off from last year's Warner Bros. horror hit
Published 01 Nov, 2014 12:00am
Zellweger 'new face' highlights Hollywood aging taboo

Zellweger 'new face' highlights Hollywood aging taboo

The storm over Renee Zellweger's new-look face has thrown the spotlight on one of Hollywood's eternal questions: how do you grow old in Tinseltown? The "Bridget Jones" star, who won a best supporting actress Oscar in 2004 for "Cold Mountain," appeared unr
Published 01 Nov, 2014 12:00am
'Fury' drives a tank through image of war

'Fury' drives a tank through image of war

Brad Pitt's new war movie "Fury" offers a no-holds-barred view of warfare which some may find hard to stomach - but its director justifies the gore as straightforward realism. A stuntman was injured by a bayonet during the making of the film, which includ
Published 01 Nov, 2014 12:00am
Tall tale: scientists unravel the genetics of human height

Tall tale: scientists unravel the genetics of human height

How tall or short a person becomes is estimated to be 80 percent genetic, with nutrition and other environmental factors accounting for the rest. The world's people on average have become taller over the past few generations because of factors including i
Published 01 Nov, 2014 12:00am
A quest worthy of a Hollywood epic

A quest worthy of a Hollywood epic

Growing up in California in the 1950s, Merilyn Phillips Hodgson lived in awe of her big brother, a strapping young American adventurer on the trail of the biblical Queen of Sheba. Wendell Phillips was still in his mid-20s when he spearheaded his own exped
Published 01 Nov, 2014 12:00am
'Urban tribes' thriving in modern society

'Urban tribes' thriving in modern society

In the 1980s, French sociologist Michel Maffesoli coined the term "urban tribes" to describe small groups of people defined by shared interests and lifestyle preferences around which modern societies are organised. His book "Le temps des tribus" ("The Tim
Published 01 Nov, 2014 12:00am
Would you wear a onesie to work?

Would you wear a onesie to work?

Jumpsuits for adults have become a popular form of street fashion, but now a US company is planning to take the onesie to the office. The business onesie looks like a suit, including a shirt, but is actually a one-piece with a single zip. Known as the Sui
Published 01 Nov, 2014 12:00am
Money grows on trees with great walnuts of China

Money grows on trees with great walnuts of China

Grinning with pride, a Chinese farmer held out two precious walnuts - globes so precisely symmetrical that consumers in search of hand massages value them more highly than gold. "Prices have skyrocketed," said Li Zhanhua, standing in the shade of the leaf
Published 01 Nov, 2014 12:00am
'Ambulance drone' prototype unveiled

'Ambulance drone' prototype unveiled

A Dutch-based student on Tuesday unveiled a prototype of an "ambulance drone", a flying defibrillator able to reach heart attack victims within precious life-saving minutes. Developed by Belgian engineering graduate Alec Momont, it can fly at speeds of up
Published 01 Nov, 2014 12:00am
Cocoa clue to reversing memory loss

Cocoa clue to reversing memory loss

Bioactive ingredients found in cocoa sharply reversed age-related memory decline in a group of volunteers, scientists reported. The compounds, called flavanols, were taken in a specially-prepared cocoa drink, according to an experiment published by the jo
Published 01 Nov, 2014 12:00am
Five-year-olds learn coding as Britain eyes digital future

Five-year-olds learn coding as Britain eyes digital future

"Miss! We made it breathe out fire!" exclaimed 10-year-old Joe, pointing at the laptop on his desk, where he has programmed his animated dragon to belch flames into the face of the Greek hero Heracles. Gasps of excitement ripple across the classroom, as t
Published 01 Nov, 2014 12:00am
ART FACTS: Sublimity, majesty and glory

ART FACTS: Sublimity, majesty and glory

Calligraphy is an ancient type of visual art while it is our religious as well as cultural heritage. In the sub-continent history there were many known calligraphers who worked with heart and soul in this art and helped in spreading it in the region, Usta
Published 01 Nov, 2014 12:00am
High in Pakistan's mountains, women break taboos

High in Pakistan's mountains, women break taboos

A group of young Pakistani girls sit on a carpeted floor listening as their teacher writes on a whiteboard, preparing his students for the rigours of climbing some of the world's highest peaks. This is Shimshal Mountaineering School, tucked away in a remo
Published 01 Nov, 2014 12:00am
KARACHI CHRONICLE: Dental folklore

KARACHI CHRONICLE: Dental folklore

Recently, a Karachi Press Club staffer had his entire set of 32 teeth removed all at once. He said, only one tooth was troubling him but he decided to get rid of the whole lot. Why? His theory was on the lines of "One rotten apple spoils the lot".
Published 01 Nov, 2014 12:00am
There's haleem a plenty

There's haleem a plenty

Haleem is a popular and nourishing dish of South East Asia, Central Asia, and Middle East. It is specially made during the holy month of Muharram as a "Niaz." the "niaz" of haleem is then distributed among poor, relatives, and neighbours.
Published 01 Nov, 2014 12:00am
Mansehra-Naran-Chilas Road A Drive Through An Earthly Paradise

Mansehra-Naran-Chilas Road A Drive Through An Earthly Paradise

Pakistan is a land of amazing beauty. The geographical variety bestowed on our land has gifted us with the world's loftiest mountains, largest glaciers, placid lakes and sun kissed deserts. However most of it was in the far frontier and inaccessible due t
Published 01 Nov, 2014 12:00am
Earthquake 8th October 2005

Earthquake 8th October 2005

The devastating earthquake led to a massive devastation in Azad Kashmir & Khyber Pakhtunkhwa. The roads leading to the affected areas were either washed away or were completely blocked due to heavy landslides. Two Engineer Groups of FWO were immediately m
Published 01 Nov, 2014 12:00am
Role of FWO in Crisis & Disaster Management

Role of FWO in Crisis & Disaster Management

Post disaster management is always a huge challenge. Disasters like earthquakes, floods, landslides or even in case of road accidents, strike with little or no warning. This specially is true for under developed and developing nations, where adequate warn
Published 01 Nov, 2014 12:00am
Indian soyabeans hit two-month high

Indian soyabeans hit two-month high

Indian soyabean futures ended steady on Thursday after hitting a two-month high as profit-taking offset an improvement in export demand for soyameal, while soyaoil eased on higher imports of edible oils. Surge in overseas soyameal prices also supported so
Published 01 Nov, 2014 12:00am
Kenyan coffee prices rise

Kenyan coffee prices rise

The value of coffee sold at Kenya's auction climbed 37 percent to $174.1 million in the year to September, helped by higher global prices and better quality crops, the head of the Nairobi Coffee Exchange (NCE) said on Wednesday. The east African nation, w
Published 01 Nov, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 4.14 billion as compared to PKR 2.69 billion reported on Wednesday, an increase of 54 percent. The number of lots traded also increased by 26 percent to 14,604 from 11,628. PMEX Commo
Published 01 Nov, 2014 12:00am
US FOB Gulf soyabeans offers higher

US FOB Gulf soyabeans offers higher

US FOB Gulf soyabean basis offers were higher on Thursday afternoon as China and domestic processors continue to compete for newly harvested soyabeans from the Midwest, traders said. FOB corn values fell 3 cents to 7 cents even with futures edging lower a
Published 01 Nov, 2014 12:00am
US Midwest soya, corn bids firmer

US Midwest soya, corn bids firmer

US Midwest soyabean and corn basis bids were steady to firmer in the eastern Corn Belt where rains slowed harvest this week, while bids in the western Midwest were steady to weaker as harvest and farmer sales stepped up, merchants said on Thursday.
Published 01 Nov, 2014 12:00am
Trading in Vietnamese coffee dull this week

Trading in Vietnamese coffee dull this week

Trading in Vietnamese robusta coffee was dull this week as farmers held back on thinning stocks while buyers waited for fresh beans to arrive in bulk next month, traders said on Tuesday. Harvesting of the 2014/2015 season will peak from mid-November while
Published 01 Nov, 2014 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 128,270 tonnes of cargo comprising 110,621 tonnes of import cargo and 17,649 tonnes of export cargo including 5,359 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 110
Published 01 Nov, 2014 12:00am
Cotton market: good business spurs hopes for rate rise

Cotton market: good business spurs hopes for rate rise

Mills and spinners continued buying on expectations of increase in prices in times to come, dealers said on the cotton market on Friday. The official spot rate was unchanged at Rs 5,150, they added. In the ready session, around 30,000 bales of cotton chan
Published 01 Nov, 2014 12:00am
No change on grain market

No change on grain market

According to the Wholesale Grain Merchant Group, no change was seen in the commodity rates on Friday.
Published 01 Nov, 2014 12:00am
Bangladesh tea prices down

Bangladesh tea prices down

Tea prices in Bangladesh inched lower at the weekly auction on Tuesday due to higher supplies but robust demand for quality leaf capped the slide. Bangladeshi tea fetched an average of 185.70 taka ($2.40) per kg at the auction, down from 186.60 taka at th
Published 01 Nov, 2014 12:00am
Finnair blames euro for weak Q3 results, looks to Asia

Finnair blames euro for weak Q3 results, looks to Asia

Finnish airline Finnair blamed the strength of the euro against Asian currencies for a fall in quarterly net profit and sales, in results on Friday. The company, which turned in a net profit for the third quarter of 17 million euros ($21.4 million), marki
Published 01 Nov, 2014 12:00am
Finnair blames euro for weak Q3 results, looks to Asia

Finnair blames euro for weak Q3 results, looks to Asia

Finnish airline Finnair blamed the strength of the euro against Asian currencies for a fall in quarterly net profit and sales, in results on Friday. The company, which turned in a net profit for the third quarter of 17 million euros ($21.4 million), marki
Published 01 Nov, 2014 12:00am
Russia's central bank raises rate

Russia's central bank raises rate

Russia's central bank on Friday jacked up its interest rates by 1.5 percentage points to 9.5 percent in a bid to shore up its currency, after Western sanctions over Ukraine sent the ruble plunging and halted growth. But the biggest rate hike since March f
Published 01 Nov, 2014 12:00am
BNP shakes off impact of US fine, returns to profit

BNP shakes off impact of US fine, returns to profit

France's No 1 bank BNP Paribas returned to net profit in the third quarter, recovering from a costly US legal settlement to publish what it called a "rock solid" balance sheet, sending its shares up over 4 percent. BNP - battling to restore investor and c
Published 01 Nov, 2014 12:00am
BNP shakes off impact of US fine, returns to profit

BNP shakes off impact of US fine, returns to profit

France's No 1 bank BNP Paribas returned to net profit in the third quarter, recovering from a costly US legal settlement to publish what it called a "rock solid" balance sheet, sending its shares up over 4 percent. BNP - battling to restore investor and c
Published 01 Nov, 2014 12:00am
Gazprom to resume gas supply once Ukraine pays $2.2 billion

Gazprom to resume gas supply once Ukraine pays $2.2 billion

Russia could resume natural gas deliveries to Ukraine as soon as next week if Kiev pays $2.2 billion in debt and pre-payments, gas exporter Gazprom said on Friday, under a deal that also safeguards winter deliveries to Europe. Moscow, Kiev and the Europea
Published 01 Nov, 2014 12:00am
Brazil's primary surplus melts in challenge to Rousseff

Brazil's primary surplus melts in challenge to Rousseff

Brazil posted its biggest monthly deficit ever in September, underscoring a rapid deterioration of the fiscal accounts that poses the biggest challenge to newly re-elected President Dilma Rousseff's efforts to regain investor trust. For September, the gov
Published 01 Nov, 2014 12:00am
German retail sales post biggest drop in 7 years

German retail sales post biggest drop in 7 years

German shoppers cut back their spending sharply in September, official data showed on Friday, adding to concern over whether consumers will help bolster growth in Europe's top economy. Retail sales posted the biggest monthly drop in September for more tha
Published 01 Nov, 2014 12:00am
Cyprus court ruling opens way for bailout funds

Cyprus court ruling opens way for bailout funds

The Cypriot supreme court ruled as unconstitutional Friday four bills on bank foreclosures whose passage by parliament prompted international lenders to halt payments on the country's 10-billion-euro ($12.7-billion) bailout. The decision should open the w
Published 01 Nov, 2014 12:00am
Cyprus court ruling opens way for bailout funds

Cyprus court ruling opens way for bailout funds

The Cypriot supreme court ruled as unconstitutional Friday four bills on bank foreclosures whose passage by parliament prompted international lenders to halt payments on the country's 10-billion-euro ($12.7-billion) bailout. The decision should open the w
Published 01 Nov, 2014 12:00am
Italy's jobless rate up, increasing pressure on Renzi

Italy's jobless rate up, increasing pressure on Renzi

Italy's unemployment rate rose against analysts' expectations in September, increasing the pressure on Prime Minister Matteo Renzi who is battling trade unions over measures to overhaul the job market. The jobless rate rose from 12.5 percent in August to
Published 01 Nov, 2014 12:00am
Eurozone inflation up, unemployment steady

Eurozone inflation up, unemployment steady

Eurozone inflation edged up to 0.4 percent from multi-year lows while unemployment was little changed, official data showed Friday, providing only limited reassurance that a modest economic recovery remains on track. Analysts said the figures were far fro
Published 01 Nov, 2014 12:00am
BoJ expands monetary easing plan as economy slows

BoJ expands monetary easing plan as economy slows

The Bank of Japan ramped up its vast monetary easing programme Friday - sending the yen plunging and stocks soaring - in a surprise move aimed at reviving growth just as the Federal Reserve winds down its own stimulus spree. Speaking after the central ban
Published 01 Nov, 2014 12:00am
China's new house price declines slow in October

China's new house price declines slow in October

Declines in China's new home prices slowed in October, a survey showed Friday, though figures still fell for a sixth straight month as property woes weigh on growth in the world's second-largest economy. The average price of a new home in 100 major cities
Published 01 Nov, 2014 12:00am
US consumer spending falters; wage gains highest since 2008

US consumer spending falters; wage gains highest since 2008

US consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter. But rising consumer sentiment and faster wage growth suggest the weakness in spending will be temporary,
Published 01 Nov, 2014 12:00am