News Archives for Print - 2014-11-03

The Weather

The weather report on Sunday (October 26, 2014) and the forecast for Monday (October 27, 2014).

Published 03 Nov, 2014 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (January to June 2014)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 03 Nov, 2014 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 27 to 31, 2014).

Published 03 Nov, 2014 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 03 Nov, 2014 12:00am

KP Ombudsman decides 447 complaints in 2013

The Provincial Ombudsman, Khyber Pakhtunkhwa has decided 447 complaints out of the total complaints received for disposal during 2013 and pending of 2012 after investigation till the end of the last calendar year, said Annual Report of the office for the

Published 03 Nov, 2014 12:00am

All education boards: KP government to introduce computerised system

Khyber Pakhtunkhwa government has decided to introduce computerisation in all education boards to bring fairness, and transparency in the examination system, along with mitigating suffering of general public. The affairs of the Board of Intermediate and S

Published 03 Nov, 2014 12:00am

Legislation to impose comprehensive ban on TAPS demanded

Members of civil society and media have supported tobacco control advocates' efforts for legislation on comprehensive ban on Tobacco Advertisement, Promotion and Sponsorship (TAPS).

Published 03 Nov, 2014 12:00am

Bilawal condemns murder of PPP Karachi leader

Bilawal Bhutto Zardari, Chairman of Pakistan People's Party (PPP), has strongly condemned the cold blooded murder of Nazeer Baloch, a PPP Karachi District South leader and former KMC councillor, at the hands of terrorists, who had killed another party wor

Published 03 Nov, 2014 12:00am

Three killed, two injured in Mirpurkhas

Unknown armed men shot dead three people and injured two others in Mirpurkhas, here on Sunday. Police sources said unidentified miscreants, riding on a motorcycle, opened indiscriminate fire on a car in front of Gama stadium, killing two persons on the sp

Published 03 Nov, 2014 12:00am

Two killed in separate incidents

Two people were killed and other injured in separate incidents of violence in the city, here on Sunday. According to police and rescue sources, Wajid Hussain was shot and killed while Imran was injured by unidentified motorcyclists near Hassan Square, Gul

Published 03 Nov, 2014 12:00am

Children in Thar: poverty, non-availability of food causing death: Khuhro

Senior Minister for Education, Nisar Ahmed Khuhro has said that main cause beyond deaths of children in Thar was non-availability of better food and poverty in the district. He said this while speaking to a press conference held here on Sunday.

Published 03 Nov, 2014 12:00am

Concern voiced over increasing polarisation in Sindh

A group of concerned citizens, belonging to different civil society organisations and other walks of life, have expressed deep concern at the increasing polarisation in Sindh along ethnic lines and demands for a separate province for Urdu-speaking populat

Published 03 Nov, 2014 12:00am

Dengue virus patients surge to 303 in Swat

With the confirmation of dengue virus in another woman the total number of dengue virus affected patients surged to 303. According to the spokesman for the Department of Health, Swat district, Dr Haider Ali, dengue virus has been confirmed in another pati

Published 03 Nov, 2014 12:00am

Reduction in petroleum prices: KPTA reduces intra-district route fares

In wake reduction in prices of petroleum products by the federal government, the Khyber Pakhtunkhwa Transport Authority has issued a revised fares table for all the categories consuming commuter transports coaches air-condition buses, ordinary and luxury

Published 03 Nov, 2014 12:00am

'Zia's ghost needs to be exorcised'

Apropos 'Zia's ghost needs to be exorcised' the writer has argued: "Now that some of these issues have come up for interpretation before the Supreme Court, it is time for the legislators to revisit all provisions of Articles 62 and 63 and remove the milit

Published 03 Nov, 2014 12:00am

Seizing its chance, Iran seeks tourism revival

At the foot of Persepolis, busloads of foreign tourists gaze in awe at the ancient mud-brick ceremonial capital that Iran hopes will be part of a rebirth of its tourism industry. Although decades of sanctions mean the hotels and infrastructure are not fiv

Published 03 Nov, 2014 12:00am

Will 4th/5th IMF tranche be disbursed?

The Pakistan economic team is currently in Dubai for the mandatory fourth/fifth review by the International Monetary Fund (IMF) under the 6.64 billion dollar Extended Fund Facility (EFF). The clubbing together of the two reviews that may lead to the disbu

Published 03 Nov, 2014 12:00am

Sit-ins and economy

Thousands of people have participated in dharna (sit-ins) every day for the last two months at the D-Chowk in Islamabad. The sit-ins organised by two political parties ie Pakistan Tehreek-e-Insaf (PTI) led by Imran Khan against the large-scale vote riggin

Published 03 Nov, 2014 12:00am

Hasina's reopening of old wounds

A Bangladeshi war crimes tribunal, set up by Prime Minister Sheikh Hasina's government, has sentenced 71-year-old chief of the country's Jamaat-i-Islami, Motiur Rehman Nizami, for crimes against humanity, including genocide, torture, and rape during the 1

Published 03 Nov, 2014 12:00am

The birth of AIIB

The announcement of setting up the Asian Infrastructure and Investment Bank (AIIB) in Beijing on October 24, 2014 at a ceremony in the Great Hall of the People is a highly significant development in the global finance. With its headquarter located in Beij

Published 03 Nov, 2014 12:00am

Toll in Kenya police ambush rises to 22 dead

A deadly weekend ambush on police in a restive region in Kenya's remote north killed 20 officers and two civilians, officials said Sunday. The toll, given by a police official speaking on condition of anonymity, was sharply higher than a count of eight de

Published 03 Nov, 2014 12:00am

Virgin 'ignored' space safety warnings: expert

A rocket science safety expert on Sunday said Virgin Galactic "ignored" safety warnings in the years leading up to the deadly crash of its spacecraft in California, as investigators hunted for clues to accident's cause. Carolynne Campbell, a rocket propul

Published 03 Nov, 2014 12:00am

UN warns of rising 'sectarian tensions' in Yemen

The United Nations envoy to Yemen on Sunday urged political rivals there to form a new government within days to head off rising "sectarian tensions" in the violence-hit country. In an interview with AFP, Jamal Benomar called for a new line-up to be forme

Published 03 Nov, 2014 12:00am

Zambians pay respects to late president Sata

Zambians formed long lines on Sunday to pay last respects to their late president, Michael Sata, who died in London last week aged 77 while undergoing treatment for an undisclosed illness. Sata's body, which was repatriated on Saturday, is to lie in state

Published 03 Nov, 2014 12:00am

Abu Dhabi unveils artworks acquired for its Guggenheim

The Gulf emirate of Abu Dhabi offered a peek Sunday of several artworks which will be displayed at its Guggenheim museum, set to open in 2017. Visitors got a glimpse of 19 out of the 200 artworks acquired by oil-rich Abu Dhabi that will be on public displ

Published 03 Nov, 2014 12:00am

Kohl savages successors over euro, Russia in new book

Former German chancellor Helmut Kohl has lashed out at his successors again in a new book coming out this week, blasting their policies on Russia and the euro. Just weeks after being quoted as belittling his protege Angela Merkel as having been unable to

Published 03 Nov, 2014 12:00am

Burkina army tightens grip as protesters denounce power grab

Burkina Faso's army seized control of the capital's main square on Sunday, firing tear gas and shots in the air to disperse thousands of protesters denouncing a power grab by the military. Troops moved into Place de la Nation in Ouagadougou and took over

Published 03 Nov, 2014 12:00am

Mass water protests put pressure on Irish government

Tens of thousands of people marched in towns across Ireland on Saturday in a second day of mass protests against water charges, the biggest display of opposition to government austerity measures since the country's banking crisis and bailout in 2010.

Published 03 Nov, 2014 12:00am

France leader Hollande in Canada for state visit

France President Francois Hollande arrived in Canada on Sunday, launching a three-day state visit aimed at boosting trade and security ties between the two nations. Hollande touched down in Calgary shortly after 10:10am (1710 GMT), beginning his trip in t

Published 03 Nov, 2014 12:00am

Argentina says received bids of $2.2 billion for 3G, 4G licences

Argentina has received bids worth $2.2 billion in an auction for third-generation (3G) and fourth-generation (4G) licenses, the government said on Saturday, part of a push to improve cellular telephone and internet services in the South American country.

Published 03 Nov, 2014 12:00am

European oil firms suffer decade of disruptions to succession plans

The change of command just seen at Total, Statoil and BG has shown another upset in the continuity of management at Europe's oil majors, a fault line that has now been running for the last decade. October was a particularly bad month with Total rushing th

Published 03 Nov, 2014 12:00am

Kuwait's Burgan Bank swings to third quarter profit

Burgan Bank missed analyst expectations despite swinging to a third-quarter net profit, according to a bourse statement on Sunday, as growth in its core business helped lift the earnings of Kuwait's third-largest lender by assets.

Published 03 Nov, 2014 12:00am

Kuwait's Burgan Bank swings to third quarter profit

Burgan Bank missed analyst expectations despite swinging to a third-quarter net profit, according to a bourse statement on Sunday, as growth in its core business helped lift the earnings of Kuwait's third-largest lender by assets.

Published 03 Nov, 2014 12:00am

Banks see upswing in loan demand across eurozone

Around one in five banks across the euro zone expect companies to approach them for more credit as the year draws to a close, with those in Germany and France most optimistic, the European Central Bank said on Wednesday.

Published 03 Nov, 2014 12:00am

ECB set to sit tight on rates despite moribund economy

The European Central Bank is likely to hold fire on new policy moves Thursday and leave a series of radical recent measures to take their course, despite pressure over a weak economic recovery, analysts say.

Published 03 Nov, 2014 12:00am

Xstrata founder Davis bids for Anglo American assets

Mick Davis, the former boss of miner Xstrata, has made an offer for Anglo American assets including copper mines in Chile, Brazilian nickel mines and some coal operations, the Sunday Times reported without citing sources. Davis, who led Xstrata until its

Published 03 Nov, 2014 12:00am

Pilots' union pledges no strikes during talks with Lufthansa

German pilots will not stage costly strikes against national carrier Lufthansa while negotiations over a labour dispute continue, the head of their union was quoted as saying Sunday. The president of pilots union Vereinigung Cockpit, Ilja Schulz, told Foc

Published 03 Nov, 2014 12:00am

Cargill sees food scares boosting China's grains appetite

A slew of food safety scandals has stoked China's hunger for higher quality products that would sustain consumption of protein-rich farm commodities even as its economy slows, a top executive of leading commodities trader Cargill Inc said. China is toughe

Published 03 Nov, 2014 12:00am

Monte Paschi working on 'substantial' capital increase

Banca Monte dei Paschi di Siena , the oldest surviving bank in the world, is working on a rights issue to fill at least half of a 2.1 billion euro ($2.6 billion) capital gap uncovered by a European review of banks, a source with direct knowledge of the ma

Published 03 Nov, 2014 12:00am

American Realty Capital facing criminal probe over accounting

US authorities have opened a criminal probe of American Realty Capital Properties in the wake of the real estate investment trust's disclosure that it had uncovered accounting errors, two sources familiar with the matter said on Friday.

Published 03 Nov, 2014 12:00am

American Realty Capital facing criminal probe over accounting

US authorities have opened a criminal probe of American Realty Capital Properties in the wake of the real estate investment trust's disclosure that it had uncovered accounting errors, two sources familiar with the matter said on Friday.

Published 03 Nov, 2014 12:00am

UAE's NBAD names former Barclays veteran as head of retail banking

National Bank of Abu Dhabi (NBAD), the largest lender in the United Arab Emirates, has appointed a veteran former Barclays banker to run its consumer banking business, a source familiar with the matter told Reuters on Sunday.

Published 03 Nov, 2014 12:00am

In race for Ebola vaccines, technical hurdles loom large

Drugmakers sprinting to develop Ebola vaccines face a series of technical hurdles if they are to get millions of doses ready for use next year - even assuming clinical trials are successful. The challenges include finding sufficient sterile capacity for f

Published 03 Nov, 2014 12:00am

EU set for 24 percent emissions cut by 2020

Europe is on track to reduce greenhouse gas emissions by 24 percent by 2020 from 1990 levels, four percentage points higher than its goal, the European Environment Agency (EEA) reported on October 29. In 2013, emissions by the 28-nation European Union (EU

Published 03 Nov, 2014 12:00am

Dozens of genes fingered in new autism trawl

One of the widest investigations into autism has implicated several dozen genes, boosting the search for a diagnostic tool and new treatments, scientists said on October 29. Mutations in these genes emerged in two studies which compared thousands of peopl

Published 03 Nov, 2014 12:00am

Niger cholera outbreak kills 51 people: UN

Niger has seen more than 1,300 cases of cholera since the beginning of the year, with 51 people dying of the disease, the United Nations said on October 27. In September alone there were 38 reported deaths from cholera, said the UN's Office for the Co-ord

Published 03 Nov, 2014 12:00am

CFS patients have at least three brain abnormalities

A study of 15 patients with chronic fatigue syndrome (CFS) has found that patients' brains have at least three distinct abnormalities when compared to healthy people, researchers said on October 29.

Published 03 Nov, 2014 12:00am

Google seeks way to search bodies for disease

Google is exploring a way to search inside people's bodies for early signs of deadly illnesses such as cancer or heart disease. A Life Sciences team at the special projects Google X Lab are experimenting with having "nanoparticles" hunt for signs of medic

Published 03 Nov, 2014 12:00am

TB-diabetes co-epidemic looms, experts warn

A report warned on October 29 of a looming tuberculosis-diabetes epidemic as the two diseases intertwine in many countries, driven in part by a rise in unhealthy lifestyles.

Published 03 Nov, 2014 12:00am

Finding hidden gems in cities and countries with new apps

News apps are helping users share information about sights and hidden gems in cities and countries around the globe so other people can benefit from their knowledge. Findery, a free app for iPhone and Android available world-wide, lets people view trivia

Published 03 Nov, 2014 12:00am

Chat naturally with LG's Smart Home

LG Electronics (LG) has unveiled LG Smart Home, the company's vision for the connected household. LG's latest premium smart appliances and the revolutionary LG HomeChat can provide users with unprecedented convenience, control, connectivity as well as off

Published 03 Nov, 2014 12:00am

IBM dips into Twitter stream for business insights

Twitter on Wednesday announced a partnership to let computing powerhouse IBM dip into the public stream of tweets to provide businesses with insights for making decisions. "Twitter provides a powerful new lens through which to look at the world - as both

Published 03 Nov, 2014 12:00am

Amazon unveils: TV stick, challenging Chromecast

Amazon on Monday unveiled a new media stick allowing users to stream content to television sets, challenging Google's Chromecast device released last year. The plug-in Fire TV Stick, a device the size of a pack of gum, provides access to Amazon Instant Vi

Published 03 Nov, 2014 12:00am

Apple: Fingerprint sensor for iPads, iMac with Retina display

Apple has announced iPads with fingerprint sensors and an iMac with a super high resolution display. In comparison to the 7.5-millimetre-thick iPad Air, the new iPad Air 2 is just 6.1 millimetres. The display size (9.7 inches diagonally) and the resolutio

Published 03 Nov, 2014 12:00am

Protecting browsers against 'Poodle' vulnerability

Researchers have discovered a new flaw in internet security. A 15-year-old security protocol could allow unauthorised access to encrypted connections. Fortunately it's quite easy to protect against the so-called "Poodle" issue.

Published 03 Nov, 2014 12:00am

NXP pitches tap-to-pay technology to car makers

NXP Semiconductors is taking advantage of the recent excitement around Apple Inc's new mobile payment system with the tap-to-pay technology built into the newest iPhones by pitching it to car makers. Apple's inclusion of near-field-communications, or NFC,

Published 03 Nov, 2014 12:00am

Microsoft joins fitness bandwagon

Microsoft unveiled its first fitness band Thursday, joining a crowded market of connected devices for tracking and analysing personal health data. The Microsoft Band, which went on sale Thursday in the US market, was released along with a new Microsoft He

Published 03 Nov, 2014 12:00am

Mobile app helps track Ebola epidemic

A new mobile telephone based mapping service has been created in a bid to track Ebola and better help communities hit by the virus in west Africa, developers said Monday. The system, a collaboration between technology giant IBM, mobile telephone companies

Published 03 Nov, 2014 12:00am

New iPad with reprogrammable SIM card

Apple's new iPad comes with a feature that could shake up the telecom industry: A reprogrammable SIM card that can be used to switch between different network providers. Initially only four mobile service providers in the US and Britain are participating

Published 03 Nov, 2014 12:00am

YouTube considers offering ad-free subscription

YouTube viewers might get the option of paid subscriptions for ad-free access to the popular online video-sharing service. Subscriptions and even a streaming music service are among new options that YouTube is considering offering its more than one billio

Published 03 Nov, 2014 12:00am

Britain's 'bad bank' warns of interest rate dangers ahead

Britain's 'bad bank' has already begun contacting around 20,000 customers whom it thinks might have problems repaying their mortgages when interest rates start to rise, its chief executive said on October 30. British lenders are preparing for the first in

Published 03 Nov, 2014 12:00am

Microsoft cuts 3,000 jobs

Microsoft Corp said on October 29 it cut about 3,000 jobs, effectively completing its plan to reduce its workforce by 18,000, or 14 percent of total staff, announced in July. The majority of the 18,000 job cuts were in the phone handset business Microsoft

Published 03 Nov, 2014 12:00am

Time Warner's HBO to cut seven percent of staff

Time Warner Inc's pay TV network HBO is preparing to cut 7 percent of its staff in the United States or about 150 jobs. HBO employs 2,400 people domestically. Time Warner, under pressure to boost profits after rejecting a take-over bid, has also announced

Published 03 Nov, 2014 12:00am

Time Warner's HBO to cut seven percent of staff

Time Warner Inc's pay TV network HBO is preparing to cut 7 percent of its staff in the United States or about 150 jobs. HBO employs 2,400 people domestically. Time Warner, under pressure to boost profits after rejecting a take-over bid, has also announced

Published 03 Nov, 2014 12:00am

Nomura quarterly net profit rises 39 percent

Nomura Holdings said its quarterly net profit rose 39 percent, beating forecasts, as strength in its asset management business offset a slight drop in retail brokerage sales. Japan's biggest investment banking and brokerage group said its July-September n

Published 03 Nov, 2014 12:00am

Nomura quarterly net profit rises 39 percent

Nomura Holdings said its quarterly net profit rose 39 percent, beating forecasts, as strength in its asset management business offset a slight drop in retail brokerage sales. Japan's biggest investment banking and brokerage group said its July-September n

Published 03 Nov, 2014 12:00am

Nippon Steel first half profit up on low iron ore costs

Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, said on October 30 its first-half recurring profit rose 1.5 percent as lower material costs boosted margins and offset appraisal losses on its high-priced stockpiles. The world's No.2 steelma

Published 03 Nov, 2014 12:00am

Dutch telecoms group KPN's core profit above estimates

Dutch telecoms group KPN on October 28 reported better-than-expected results for the third quarter as the pace of revenue decline at its consumer mobile and business units slowed. Core profit, adjusted for restructuring costs, fell 15 percent to 650 milli

Published 03 Nov, 2014 12:00am

Dutch telecoms group KPN's core profit above estimates

Dutch telecoms group KPN on October 28 reported better-than-expected results for the third quarter as the pace of revenue decline at its consumer mobile and business units slowed. Core profit, adjusted for restructuring costs, fell 15 percent to 650 milli

Published 03 Nov, 2014 12:00am

Emaar Properties third quarter profit rises

Emaar Properties, the builder of the world's tallest tower, reported a 21 percent rise in third-quarter net profit on October 29, in line with an analyst estimate. The Dubai-based developer, in which the government has 31.2 percent stake, posted a net pro

Published 03 Nov, 2014 12:00am

Nintendo logs $132 million first-half net profit

Japanese videogame giant Nintendo said on October 29 its first-half net profit soared to $132 million as a sharply weaker yen boosted its bottom line and offset slowing sales. The Kyoto-based company earned 14.3 billion yen between April and September, wa

Published 03 Nov, 2014 12:00am

Nintendo logs $132 million first-half net profit

Japanese videogame giant Nintendo said on October 29 its first-half net profit soared to $132 million as a sharply weaker yen boosted its bottom line and offset slowing sales. The Kyoto-based company earned 14.3 billion yen between April and September, wa

Published 03 Nov, 2014 12:00am

Lenovo closes deal to buy Motorola from Google

Lenovo announced on October 30 it has completed its acquisition of Motorola Mobility from Google, a move strengthening the Chinese giant's position in the smartphone market. The $2.9 billion deal, announced in January, ends Google's brief ownership of the

Published 03 Nov, 2014 12:00am

India's plan to grant new bank licences to firms pose risks

India's plan to grant new banking licences to companies could increase risks in the banking sector given the chance that new entrants could be lax about loan standards, Standard & Poor's said in a report on October 28. The Reserve Bank of India is cautiou

Published 03 Nov, 2014 12:00am

Volkswagen profit jumps on luxury sales, core brand rebound

Volkswagen's third-quarter earnings jumped as profit margins at its main passenger-car brand rose for the first time in almost two years, adding to record sales of luxury Audis and Porsches. While sales at Audi and Porsche - which account for two-thirds o

Published 03 Nov, 2014 12:00am

Bangladesh eye rare Test series win

Bangladesh captain Mushfiqur Rahim warned of a backlash from Zimbabwe in the second Test in Khulna from Monday as his side hunted for only their third series win in Test cricket. The hosts have the lead in the three-match series following a tense three-wi

Published 03 Nov, 2014 12:00am

Robben gives Bayern comeback win over Dortmund

A late Arjen Robben penalty gave Bayern Munich a dramatic 2-1 comeback win on Saturday that sent Borussia Dortmund sliding into the drop zone after their fifth straight defeat and worst-ever start to a Bundesliga season. The Dutchman sent keeper Roman Wei

Published 03 Nov, 2014 12:00am

West Indies cricket chiefs ask politicians for help over Indian demands

West Indies Cricket Board officials are turning to Caribbean political leaders for support and guidance in the aftermath of a US $42 million claim by Indian authorities following last month's abandonment of the tour to India by the West Indies team.

Published 03 Nov, 2014 12:00am

Djokovic wins Paris Masters for second straight year

World number one Novak Djokovic won his 600th ATP match on Sunday as he defeated Canadian seventh seed Milos Raonic 6-2, 6-3 to win the Paris Masters for the second straight year. The 27-year-old Serb also extended his advantage over Roger Federer in the

Published 03 Nov, 2014 12:00am

Sevilla blow chance to move top

Sevilla passed up the chance to move top of La Liga as they were beaten 1-0 away to Athletic Bilbao thanks to Aritz Aduriz's stunning early strike. Barcelona's shock defeat at home to Celta Vigo on Saturday had paved the way for Unai Emery's men to take t

Published 03 Nov, 2014 12:00am

Park captures title at Taiwan LPGA

World number one Park In-Bee fired a one-under par 71 Sunday for a 22-under total of 266 to capture her third LGPA Tour title this season in Taipei, holding off a powerful charge from American Stacy Lewis. Lewis, currently world number two and four shots

Published 03 Nov, 2014 12:00am

Aguero gives City spoils against 10-man United

Manchester City reasserted themselves as the dominant local force as Sergio Aguero's second-half goal secured a 1-0 Premier League victory over 10-man derby rivals Manchester United on Sunday. Both managers had claimed in the build-up to the game that the

Published 03 Nov, 2014 12:00am

Kenyans Kipsang, Keitany win New York Marathon

Kenyans Wilson Kipsang and Mary Keitany surged at the finish to win Sunday's New York City Marathon, holding off rivals over the closing strides in Central Park for narrow triumphs.

Published 03 Nov, 2014 12:00am

Record-breaking Misbah takes Pakistan close to series win

Pakistan were on the verge of their first series win over Australia in 20 years and victory in the second Test after skipper Misbah-ul Haq rewrote the record books with his belligerent batting in Abu Dhabi on Sunday. Misbah smashed a 56-ball hundred, equa

Published 03 Nov, 2014 12:00am

Gulf economies edge towards reform

When Kuwait's government said last month that it planned to raise domestic prices of diesel fuel and kerosene, some angry Kuwaitis took to Twitter to denounce the move as unfair. A resulting increase in airline ticket prices will be "extracted from our ha

Published 03 Nov, 2014 12:00am

Mexico could help realise Central America economic plan

Mexico and its main construction companies could help carry out a plan to spur economic growth and jobs in Central America to stem illegal immigration to the United States, a senior Mexican government official said on Friday.

Published 03 Nov, 2014 12:00am

Auditor refuses to sign off Brazil Petrobras' third quarter results

Brazil's Petrobras failed to get its third-quarter earnings approved by PriceWaterhouseCoopers as the auditing firm demanded wider investigation into a corruption scandal plaguing the state-run oil company, newspaper O Estado de S.Paulo said on Saturday.

Published 03 Nov, 2014 12:00am

Russia keeps oil output near high despite sanctions, low prices

Russia, the world's top oil producer, kept its monthly oil production stable in October, according to energy ministry data, regardless of western sanctions and weak oil prices. Russia pumped an average 10.6 million barrels per day (bpd) last month, produc

Published 03 Nov, 2014 12:00am

Germany warns 'no going back' if Britain curbs EU immigration

German Chancellor Angela Merkel has warned Britain's David Cameron that putting limits on immigration from other European Union nations would be a "point of no return" that could sharply increase the risk of Britain leaving the EU, a magazine said. The we

Published 03 Nov, 2014 12:00am

Britain's Islamic finance market widens with government, private moves

The scope of Britain's Islamic finance market is widening with several initiatives from the government and private sector, although the country is about to lose one of its six full-fledged Islamic banks. In June, Britain became the first Western country t

Published 03 Nov, 2014 12:00am

South Korea stresses turning yen threat into opportunity

South Korea expressed its concern on Sunday about the possible impact on its export industries from the yen's renewed weakness but stopped short of promising any action aimed at pulling the won's value down. Ahn Chong-bum, a top presidential economic poli

Published 03 Nov, 2014 12:00am

Oil price tumble could accelerate Repsol deal search

Spanish oil firm Repsol is set to accelerate a $10 billion acquisition drive to take advantage of lower US shale valuations in the face of falling oil prices and eventually fill a gap left by the 2012 seizure of its Argentine business.

Published 03 Nov, 2014 12:00am

Regulators to set date for Hong Kong stock connect

A scheme to link China's main stock exchange to the Hong Kong bourse is still under preparation and a launch date depends on regulators, Shanghai's mayor said Sunday. The "Shanghai-Hong Kong Stock Connect" platform - which would allow international invest

Published 03 Nov, 2014 12:00am

Norway to sell forex worth $37.20 million per day

Norway's central bank will sell foreign exchange equivalent of 250 million crowns ($37.20 million) per day in November after selling 250 million crowns a day in October, it said in a statement on Friday. The bank made its first purchase of crowns in Octob

Published 03 Nov, 2014 12:00am

The shocking thought of euro-dollar parity

If you believe the forecasts of a growing number of major banks, the dollar's third-quarter surge is the start of a seismic shift in exchange rates that politicians and central bankers will be unable to ignore. From $1.27 on Friday, predictions by some of

Published 03 Nov, 2014 12:00am

Hedge funds muscle into reinsurance, attracting doubters

Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but sceptics are questioning whether they will stick around ahead of the next "big one" as underwriting returns fall. Hedge funds have long bee

Published 03 Nov, 2014 12:00am

Hedge funds muscle into reinsurance, attracting doubters

Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but sceptics are questioning whether they will stick around ahead of the next "big one" as underwriting returns fall. Hedge funds have long bee

Published 03 Nov, 2014 12:00am

Wall Street week ahead: unknown election outcome is stocks' big fear

A handful of toss-up US Senate races next week could hold the key to whether the stock market glides through the year-end in a typical post-midterm election rally or gets hit with a fresh bout of volatility.

Published 03 Nov, 2014 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.40-77.42 (previous 77.40-77.42).

Published 03 Nov, 2014 12:00am

BoJ meeting may set a weaker tone for yen

Friday's Bank of Japan (BoJ) policy meeting might give traders fresh reasons to sell the yen as the central bank reacts to recent weak data that has cast a pall over its existing forecasts. The BoJ, aware that Japan's export growth remains sluggish and th

Published 03 Nov, 2014 12:00am

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

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

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

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

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

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

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