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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-01-14
Equities edge down

Equities edge down

Karachi stocks lost ground Tuesday weighed by spiralling crude oil slump on the international market. The day saw United Arab Emirates, a big contributor to Organisation of Petroleum Exporting Countries (Opec), putting its weight behind the group by refus
Published 14 Jan, 2015 12:00am
BRIndex30 sheds 104.07 points

BRIndex30 sheds 104.07 points

On Tuesday, BRIndex30 opened at 18,850.16 points. It touched an intraday high of 18,870.41 points and an intraday low of 18,641.20 and closed at 18,746.09 points which was -104.07 points or -0.55 percent lower than previous close. Total volume was 148,877
Published 14 Jan, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 14 Jan, 2015 12:00am
BRIndex30 sheds 104.07 points

BRIndex30 sheds 104.07 points

On Tuesday, BRIndex30 opened at 18,850.16 points. It touched an intraday high of 18,870.41 points and an intraday low of 18,641.20 and closed at 18,746.09 points which was -104.07 points or -0.55 percent lower than previous close. Total volume was 148,877
Published 14 Jan, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Jan, 2015 12:00am
Joint statement: government underscores need for greater market access

Joint statement: government underscores need for greater market access

Pakistan and United States on Tuesday affirmed their commitment to a long-term and strong partnership between the two countries for peace, stability and prosperity of the region. In a joint statement, issued at the conclusion of the fifth Ministerial leve
Published 14 Jan, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Jan, 2015 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 83,295 tonnes of cargo comprising 58,646 tonnes of import cargo and 24,649 tonnes of export cargo including 1,967 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 58,6
Published 14 Jan, 2015 12:00am
Soybeans fall most since June on big global supplies

Soybeans fall most since June on big global supplies

US soybean futures fell more than 3 percent on Monday, their largest daily decline since June, after a record supply outlook from the US Department of Agriculture triggered investment fund liquidation. Chicago Board of Trade wheat futures also were lower
Published 14 Jan, 2015 12:00am
Arabicas fall after five-day winning streak, sugar steadies

Arabicas fall after five-day winning streak, sugar steadies

Arabica coffee futures on ICE edged lower on Tuesday, drifting further from the prior session's six-week high that capped five days of gains, as index funds rebalanced their positions. Sugar steadied, under pressure from falling oil prices and a stronger
Published 14 Jan, 2015 12:00am
Palm touches one-week low as soy, crude oil drop

Palm touches one-week low as soy, crude oil drop

Malaysian palm oil futures fell to their lowest in nearly a week on Tuesday, following losses in US and Chinese soyoil markets, while plunging crude prices stoked concerns about demand for palm from biofuel producers. Soy markets took a beating late Monda
Published 14 Jan, 2015 12:00am
Egypt court overturns Mubarak verdict, orders retrial

Egypt court overturns Mubarak verdict, orders retrial

An Egyptian court on Tuesday overturned former president Hosni Mubarak's conviction on corruption charges and ordered a retrial, but the ex-strongman remained in detention pending a judicial order. Supporters of the 86-year-old broke into cheers and chant
Published 14 Jan, 2015 12:00am
Yemen not exporter of terror, says president

Yemen not exporter of terror, says president

Yemen's president said Tuesday his country was a victim not an exporter of "terrorism" after it emerged one of the Paris gunmen received training from al Qaeda in the violence-torn country. Said Kouachi, one of the two brothers behind the attack on French
Published 14 Jan, 2015 12:00am
Turkey detains six over Istanbul suicide bombing

Turkey detains six over Istanbul suicide bombing

Turkish police on Tuesday detained six people, including three foreigners, over last week's suicide bombing in the heart of Istanbul's tourist district, reports said. Six suspects were in court for questioning by Turkish prosecutors over the deadly attack
Published 14 Jan, 2015 12:00am
Italy president to resign, posing risks for Renzi

Italy president to resign, posing risks for Renzi

Italian Prime Minister Matteo Renzi announced the imminent retirement on Tuesday of President Giorgio Napolitano, setting up a risky search to replace the former Communist stalwart who extended his term to guide Italy through political turmoil. The 89-yea
Published 14 Jan, 2015 12:00am
Hollande vows France 'will never yield' as attack victims buried

Hollande vows France 'will never yield' as attack victims buried

President Francois Hollande vowed Tuesday that France would "never yield" to terror in an emotional tribute to three police officers shot dead in an Islamist killing spree, as four Jews gunned down in the attacks were buried in Israel. Equally defiant aft
Published 14 Jan, 2015 12:00am
Bangladesh deploys guards to halt train derailments

Bangladesh deploys guards to halt train derailments

Bangladeshi authorities deployed more than 8,000 security guards along the country's rail network on Tuesday to try to halt a spate of train derailments by anti-government protesters. A spokesman for state-owned Bangladesh Railway said the guards had been
Published 14 Jan, 2015 12:00am
Nato looking at beefing up Baltic exercises: top general

Nato looking at beefing up Baltic exercises: top general

Nato's top military commander, General Philip Breedlove, said on Tuesday the defence alliance was looking at beefing up its exercises in the Baltic Sea region in response to a surge in Russian military manoeuvres there late last year. Nato member states a
Published 14 Jan, 2015 12:00am
Rajapakse denies post-election coup bid

Rajapakse denies post-election coup bid

Sri Lanka's former president Mahinda Rajapakse on Tuesday denied government allegations that he attempted a coup to remain in office after it became clear that he had lost last week's election. In comments published on Twitter as Pope Francis landed on th
Published 14 Jan, 2015 12:00am
Divers recover AirAsia cockpit voice recorder

Divers recover AirAsia cockpit voice recorder

Indonesian divers on Tuesday retrieved the cockpit voice recorder from the wreckage of an AirAsia plane that crashed into the Java Sea as the airline's boss vowed to overcome the "toughest times" he has known. It came a day after the plane's other black b
Published 14 Jan, 2015 12:00am
Pope says Sri Lanka should seek truth over civil war

Pope says Sri Lanka should seek truth over civil war

Pope Francis called on Sri Lanka to uncover the truth about its long civil conflict and bring religious communities closer together, as he began a visit to the island nation whose wartime leaders were voted out of power only days ago. Francis, 78, looked
Published 14 Jan, 2015 12:00am
Ten Ukraine civilians killed as rocket hits bus

Ten Ukraine civilians killed as rocket hits bus

Ten Ukrainian civilians were killed and nearly 20 injured on Tuesday when a long-range Grad rocket apparently fired by pro-Russian insurgents hit an intercity bus in the separatist east. Local police said the rocket appeared to have gone astray after bein
Published 14 Jan, 2015 12:00am
Hungarian ruling party's poll lead slips, far-right benefits

Hungarian ruling party's poll lead slips, far-right benefits

Support for Hungarian Prime Minister Viktor Orban's ruling Fidesz party slipped further in January, an opinion poll by Ipsos showed on Monday, with the far-right Jobbik party gaining most from its decline. Backing for Orban's party has been tarnished by a
Published 14 Jan, 2015 12:00am
Spanish rivals take sides over Greek election

Spanish rivals take sides over Greek election

The battle between Spain's ruling conservatives and the surging left-wing party Podemos shifted Tuesday to Greece, with the Spanish rivals demonstrating support for their counterparts in the Greek snap election. Spain's Prime Minister Mariano Rajoy is to
Published 14 Jan, 2015 12:00am
Misbah optimistic to win 'Cricket World Cup-2015'

Misbah optimistic to win 'Cricket World Cup-2015'

Skipper of Pakistan cricket team Misbah-ul-Haq on Tuesday said the boys would play World Cup 2015 with a positive thinking and would make all-out endeavours to win the mega event Flanked by Pakistan Cricket Board (PCB) Chairman Shaharyar Khan, Misbah told
Published 14 Jan, 2015 12:00am
Pietersen says Morgan wants him back in England team

Pietersen says Morgan wants him back in England team

Batsman Kevin Pietersen believes there is a way back into the England team now that Eoin Morgan has become one-day captain. Morgan replaced Alistair Cook in December and will lead the team at the World Cup in Australia. Pietersen's colourful international
Published 14 Jan, 2015 12:00am
Arsenal striker Sanogo joins Crystal Palace on loan

Arsenal striker Sanogo joins Crystal Palace on loan

New Crystal Palace manager Alan Pardew has signed Arsenal striker Yaya Sanogo on loan until the end of the season, the Premier League club confirmed on Tuesday. The French Under-21 striker is Pardew's first signing since he succeeded Neil Warnock at Selhu
Published 14 Jan, 2015 12:00am
Saeed Ajmal to undergo official ICC testing in Chennai on January 24

Saeed Ajmal to undergo official ICC testing in Chennai on January 24

With a view to assessing Saeed Ajmal's remodelled bowling action, ICC-suspended offspinner is expected to undergo official ICC testing in Chennai on January 24. If Ajmal's action is found to be legal, his ban from bowling in international cricket will be
Published 14 Jan, 2015 12:00am
Four-star Australia into Asian Cup quarters

Four-star Australia into Asian Cup quarters

Ruthless Australia smashed four unanswered goals past Oman on Tuesday to reach the Asian Cup quarter-finals with room to spare and also ensure a berth for South Korea. Goals from Matt McKay and Robbie Kruse and a Mark Milligan penalty put Australia 3-0 up
Published 14 Jan, 2015 12:00am
Sharapova to spearhead Russia in Fed Cup

Sharapova to spearhead Russia in Fed Cup

World number two Maria Sharapova will spearhead Russia in their Fed Cup opening round match against Poland in Krakow from February 7-8, national Olympic team manager Vladimir Kamelzon said Tuesday. Four-time champions Russia are trying to bounce back from
Published 14 Jan, 2015 12:00am
Reed rallies to shock Walker in playoff

Reed rallies to shock Walker in playoff

Patrick Reed rolled in an 18-foot birdie putt on the first playoff hole Monday to defeat Jimmy Walker and win the US PGA Tour's Tournament of Champions. Reed had holed out for eagle on the 16th to grab a share of the lead at 2-under par. After a bogey at
Published 14 Jan, 2015 12:00am
Messi's purple patch of confusion

Messi's purple patch of confusion

Lionel Messi confused everyone at the Ballon d'Or awards with his purple tuxedo and his comments about his future at Barcelona. The Argentine superstar's spangly suit was the latest of a long line of fashion statements at the annual football gala - where
Published 14 Jan, 2015 12:00am
McIlroy on board for potential history making season

McIlroy on board for potential history making season

World number one Rory McIlroy revealed on Tuesday he has a habit of writing down his season's goals on the back of the boarding pass of the first flight he takes every year. And while the 25-year-old Northern Irishman did not disclose his goals for 2015,
Published 14 Jan, 2015 12:00am
Australian and New Zealand dollars resilient, China trade supports

Australian and New Zealand dollars resilient, China trade supports

Upbeat Chinese trade figures supported the Australian and New Zealand dollars on Tuesday, offsetting weaker sentiment from an overnight slide in oil and commodity prices. The Australian dollar edged up to $0.8185, from an early $0.8127 low but remained sh
Published 14 Jan, 2015 12:00am
Sterling struggling near recent lows after UK inflation drop

Sterling struggling near recent lows after UK inflation drop

Sterling fell towards an 18-month low against the dollar on Tuesday, after data showed British inflation at its lowest since 2000, bolstering expectations that the Bank of England will keep interest rates suppressed for longer. The dollar also reversed ea
Published 14 Jan, 2015 12:00am
Ringgit hits 5-1/2 years low as oil slides, lags peers

Ringgit hits 5-1/2 years low as oil slides, lags peers

The Malaysian ringgit hit a 5-1/2 year low versus the dollar on Tuesday, dented by a renewed slide in oil prices, underperforming on a day when most other Asian currencies were steady to firmer. The ringgit touched a low of 3.5870 versus the dollar as of
Published 14 Jan, 2015 12:00am
Sri Lanka rupee forwards rise on dollar selling by state bank

Sri Lanka rupee forwards rise on dollar selling by state bank

Sri Lanka rupee forwards ended firmer on Tuesday as a state-run lender sold dollars ahead of holidays on Wednesday and Thursday even as traders sought clarity on economic policy from the newly-elected government led by President Maithripala Sirisena. Four
Published 14 Jan, 2015 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.88-77.95 (previous 77.92-77.95) Call Money Rates: 07.00-09.25 percent (* Previous 07.00-09.50 percent.
Published 14 Jan, 2015 12:00am
US dollar slides versus yen in choppy trading

US dollar slides versus yen in choppy trading

The dollar fell against the yen on Monday in volatile trading, pressured by weakness in US stocks as the currency's positive outlook was somewhat diminished by surprisingly weak US wage data on Friday. Friday's wage numbers cast doubt on a key driver of t
Published 14 Jan, 2015 12:00am
Early trade in New York: Dollar bolstered by US rate

Early trade in New York: Dollar bolstered by US rate

The dollar gained on Tuesday, still benefiting from more upbeat US economic prospects compared with the rest of the world that should keep the Federal Reserve on track to raise interest rates this year. The greenback has risen in seven of the last eight s
Published 14 Jan, 2015 12:00am
Yen near one-month high versus dollar

Yen near one-month high versus dollar

The yen hit a one-month high against the dollar on Tuesday, buoyed by steady demand for safe-haven assets against a backdrop of plunging oil prices that has triggered worries about global growth. In Europe, the focus will be on the pound ahead of UK infla
Published 14 Jan, 2015 12:00am
Dollar slips, falling US Treasury yields weigh

Dollar slips, falling US Treasury yields weigh

The dollar skidded to its lowest level against the yen in a month on Tuesday, as Treasury yields fell on increased demand for safe-haven assets against a backdrop of plunging oil prices. The dollar fell about 0.5 percent against the yen to 117.83 , as mar
Published 14 Jan, 2015 12:00am
Retail sector fuels gains for Britain's FTSE 100

Retail sector fuels gains for Britain's FTSE 100

Britain's top equity index rose on Tuesday, buoyed by Morrisons after the grocer announced the departure of its chief executive following its poor performance during the busy Christmas trading season. The blue-chip FTSE 100 index was up 0.6 percent at 6,5
Published 14 Jan, 2015 12:00am
Tokyo stocks close down 0.64 percent

Tokyo stocks close down 0.64 percent

Tokyo shares closed 0.64 percent lower on Tuesday, as oil prices slumped to near six-year lows and after a fall on Wall Street. The Nikkei 225 index at the Tokyo Stock Exchange slid 110.02 points to finish at 17,087.71, narrowing its losses as the yen wea
Published 14 Jan, 2015 12:00am
Sri Lankan shares retreat after foreign funds pull back

Sri Lankan shares retreat after foreign funds pull back

Sri Lanka's main stock index fell on Tuesday after foreign investors sold shares, expecting greater clarity on economic policy from the newly-elected government led by President Maithripala Sirisena, stockbrokers said. The main stock index, which gained 0
Published 14 Jan, 2015 12:00am
European shares buoyed by rise in retail stocks

European shares buoyed by rise in retail stocks

A rise in retail shares pushed up European equities on Tuesday, while expectations of new economic stimulus measures from the European Central Bank (ECB) also propped up stock markets. The STOXX Europe 600 Retail Index rose 1.9 percent, outperforming a 0.
Published 14 Jan, 2015 12:00am
Foreign investors sell off Shanghai shares on a net basis for second day

Foreign investors sell off Shanghai shares on a net basis for second day

For a second straight day, offshore investors on Tuesday sold more Shanghai shares than they bought through the Hong Kong "connector", highlighting waning foreign confidence in the sustainability of China's stock market rally. Between the connector's laun
Published 14 Jan, 2015 12:00am
Hong Kong stocks end 0.79 percent higher

Hong Kong stocks end 0.79 percent higher

Hong Kong stocks ended 0.79 percent higher Tuesday as better-than-forecast Chinese trade data offset continued losses on Wall Street and a further slide in the price of oil. The benchmark Hang Seng Index added 189.51 points to 24,215.97 on turnover of HK$
Published 14 Jan, 2015 12:00am
Southeast Asia Stocks: CIMB surges in Malaysia as merger talks flounder

Southeast Asia Stocks: CIMB surges in Malaysia as merger talks flounder

Most Southeast Asian stock markets rose on Tuesday, with a rally in shares of Malaysia's CIMB Group Holdings helping the index rise to a more than one-week high, while investors bought select shares in the results season. Kuala Lumpur's composite index ex
Published 14 Jan, 2015 12:00am
Australian shares end lower

Australian shares end lower

Australian shares closed lower for a second day on Tuesday with energy firms and iron ore miners pressured by weak commodity prices. The benchmark S&P/ASX 200 index fell 0.3 percent, or 18.00 points, to 5,404.7, taking losses since Monday to 1.1 percent.
Published 14 Jan, 2015 12:00am
Wall Street falls; energy shares dragged down further by oil

Wall Street falls; energy shares dragged down further by oil

US stocks fell for a second straight session on Monday, led by another sharp decline in energy shares as oil prices tumbled about 5 percent and concern grew ahead of corporate earnings season. Oil prices extended their recent free-fall after Goldman Sachs
Published 14 Jan, 2015 12:00am
New York early trading: Wall Street rallies

New York early trading: Wall Street rallies

US stocks rallied on Tuesday to rebound from a two-day decline as investors shrugged off another decline in oil prices and shifted attention to corporate earnings season. Alcoa Inc reported a higher-than-expected quarterly profit due to automotive demand,
Published 14 Jan, 2015 12:00am
Indian shares edge lower; energy stocks fall

Indian shares edge lower; energy stocks fall

Indian shares edged lower, snapping a three-day winning streak, dragged down by energy stocks such as Oil and Natural Gas Corp tracking fall in crude prices, while profit-taking hit some of the recent outperformers. However, losses were limited as interes
Published 14 Jan, 2015 12:00am
Gulf markets edge up as oil link weakens; Egypt surges

Gulf markets edge up as oil link weakens; Egypt surges

Gulf stock markets were volatile on Tuesday as oil prices hit new lows, but most bourses eventually edged up on the back of positive corporate announcements and expectations, continuing a trend towards partially decoupling from oil. Brent crude fell to it
Published 14 Jan, 2015 12:00am
British inflation tumbles to lowest level in over 14 years

British inflation tumbles to lowest level in over 14 years

British inflation plunged to its lowest level since May 2000 last month and Bank of England Governor Mark Carney said it looked set to fall further. Official figures on Tuesday showed the annual rate of consumer price inflation halved to 0.5 percent in De
Published 14 Jan, 2015 12:00am
BOJ to cut next fiscal year's CPI forecast

BOJ to cut next fiscal year's CPI forecast

The Bank of Japan is expected to cut its core consumer inflation forecast for next fiscal year - the deadline for meeting its 2 percent target - to 1.5 percent or lower, sources say, keeping it under pressure to expand an already huge stimulus programme.
Published 14 Jan, 2015 12:00am
Moody's cuts Venezuela's debt rating as oil prices fall

Moody's cuts Venezuela's debt rating as oil prices fall

Moody's Investors Service cut its rating on Venezuela by two notches to the agency's third lowest on Tuesday, citing a high risk of the country defaulting on its debt due to lower oil prices. Moody's cut the rating to Caa3 from Caa1 while raising its outl
Published 14 Jan, 2015 12:00am
Moody's cuts Venezuela's debt rating as oil prices fall

Moody's cuts Venezuela's debt rating as oil prices fall

Moody's Investors Service cut its rating on Venezuela by two notches to the agency's third lowest on Tuesday, citing a high risk of the country defaulting on its debt due to lower oil prices. Moody's cut the rating to Caa3 from Caa1 while raising its outl
Published 14 Jan, 2015 12:00am
Germany balances budget for first time since 1969

Germany balances budget for first time since 1969

Germany has balanced the federal budget for the first time in almost half a century, helped by strong tax revenues and rock-bottom interest rates, but the extra leeway is unlikely to translate into spending that could boost weak euro zone growth.
Published 14 Jan, 2015 12:00am
Ten banks bid for Citigroup's Egyptian retail operations

Ten banks bid for Citigroup's Egyptian retail operations

Citigroup has received 10 bids for its consumer banking business in Egypt, three sources with knowledge of the matter said on Tuesday, with banks from the United Arab Emirates prominent among potential purchasers. Emirates NBD (ENBD) and Mashreq are among
Published 14 Jan, 2015 12:00am
Airbus to juggle jet production, defends poor-selling A380

Airbus to juggle jet production, defends poor-selling A380

Airbus edged closer towards raising production of its best-selling model on Tuesday, declaring the supply chain stable and hinting at a decision to produce more of its A320 cash cow in coming months. But it also conceded it may have to reduce production o
Published 14 Jan, 2015 12:00am
Thousands of London bus drivers stage walkout

Thousands of London bus drivers stage walkout

Thousands of London bus drivers held a one-day strike on Tuesday over pay and conditions, causing overcrowding on remaining services, trains and the underground system. Members of the Unite union, which represents more than 27,000 bus workers, are calling
Published 14 Jan, 2015 12:00am
EU lawmakers pass controversial GMO food law

EU lawmakers pass controversial GMO food law

EU lawmakers on Tuesday approved controversial legislation to allow EU member states to decide for themselves whether to allow cultivation of Genetically Modified foods after years of bitter dispute. "This agreement will ensure more flexibility for member
Published 14 Jan, 2015 12:00am
EU finds 'huge scepticism' over US trade deal

EU finds 'huge scepticism' over US trade deal

A survey has found "huge scepticism" among Europeans about a key element in a huge EU-US trade deal that lets corporations sue governments, trade commissioner Cecilia Malmstroem said Tuesday. The result is the latest setback for the TTIP (Transatlantic Tr
Published 14 Jan, 2015 12:00am
EU finds 'huge scepticism' over US trade deal

EU finds 'huge scepticism' over US trade deal

A survey has found "huge scepticism" among Europeans about a key element in a huge EU-US trade deal that lets corporations sue governments, trade commissioner Cecilia Malmstroem said Tuesday. The result is the latest setback for the TTIP (Transatlantic Tr
Published 14 Jan, 2015 12:00am
US to back $2 billion in loan guarantees for Ukraine

US to back $2 billion in loan guarantees for Ukraine

The United States plans to provide up to $2 billion in loan guarantees to Ukraine this year, the US Treasury said on Tuesday, as part of a broader international package to stave off bankruptcy. Like other major donors to the country, Treasury said the gua
Published 14 Jan, 2015 12:00am
MetLife to sue regulators over 'systemic' tag

MetLife to sue regulators over 'systemic' tag

MetLife said it would file on Tuesday a lawsuit against regulators subjecting it to tougher oversight, challenging their verdict the firm harbours enough risk to endanger the financial system in a crisis. The company, the largest US life insurer, unsucces
Published 14 Jan, 2015 12:00am
MetLife to sue regulators over 'systemic' tag

MetLife to sue regulators over 'systemic' tag

MetLife said it would file on Tuesday a lawsuit against regulators subjecting it to tougher oversight, challenging their verdict the firm harbours enough risk to endanger the financial system in a crisis. The company, the largest US life insurer, unsucces
Published 14 Jan, 2015 12:00am
Slowdown, US problems prompt Philips profit warning

Slowdown, US problems prompt Philips profit warning

Philips warned on Tuesday that fourth-quarter earnings would be worse than expected because of the lengthy closure of a manufacturing plant in Cleveland, Ohio and a slowdown in some of its major markets. The latest profit warning from the Dutch industrial
Published 14 Jan, 2015 12:00am
Slowdown, US problems prompt Philips profit warning

Slowdown, US problems prompt Philips profit warning

Philips warned on Tuesday that fourth-quarter earnings would be worse than expected because of the lengthy closure of a manufacturing plant in Cleveland, Ohio and a slowdown in some of its major markets. The latest profit warning from the Dutch industrial
Published 14 Jan, 2015 12:00am
Nigeria's December inflation up only slightly at eight percent

Nigeria's December inflation up only slightly at eight percent

Nigeria's inflation rate was only marginally up at 8 percent in December, completing a second year in single digits despite a sharp fall in the naira currency following a devaluation. The figure compared with compared with 7.9 percent the previous month.
Published 14 Jan, 2015 12:00am
Hyundai Motor executives fail to sell $1.25 billion affiliate shares

Hyundai Motor executives fail to sell $1.25 billion affiliate shares

Hyundai Motor Co on Tuesday said its chairman and his son failed to sell about $1.25 billion worth of shares in affiliate Hyundai Glovis, thwarting a succession move at South Korea's second-biggest family-owned conglomerate. The size of the sale spooked i
Published 14 Jan, 2015 12:00am
Hyundai Motor executives fail to sell $1.25 billion affiliate shares

Hyundai Motor executives fail to sell $1.25 billion affiliate shares

Hyundai Motor Co on Tuesday said its chairman and his son failed to sell about $1.25 billion worth of shares in affiliate Hyundai Glovis, thwarting a succession move at South Korea's second-biggest family-owned conglomerate. The size of the sale spooked i
Published 14 Jan, 2015 12:00am
OMV aims to boost Yemen output if conditions allow: executive

OMV aims to boost Yemen output if conditions allow: executive

Austrian energy group OMV and its partners aim to boost oil output from Yemen by 50 percent if conditions allow, a senior executive told Reuters on Tuesday. Erwin Kroell, senior vice president for the Middle East and Caspian, said plans to raise productio
Published 14 Jan, 2015 12:00am
Kazakh 2014 industrial output slows on lower oil

Kazakh 2014 industrial output slows on lower oil

Kazakhstan's industrial output growth slowed to 0.2 percent last year from 2.3 percent in 2013 due mainly to lower production of its key commodities, oil and copper, the Statistics Committee said on Tuesday. The Kazakh government had forecast that industr
Published 14 Jan, 2015 12:00am
Morrisons ditches CEO after Christmas sales fall

Morrisons ditches CEO after Christmas sales fall

Britain's crisis-hit supermarket sector claimed its first scalp of the year on Tuesday, as Wm Morrison ousted chief executive Dalton Philips following another plunge in Christmas sales at the country's fourth-largest grocer. Morrisons said it would almost
Published 14 Jan, 2015 12:00am
Czech car output hits record 1.25 million in 2014

Czech car output hits record 1.25 million in 2014

Czech car production rose 10.5 percent to a record 1.25 million vehicles in 2014 as markets in Europe and further afield recovered, an industry association said on Tuesday, adding output would remain high this year. The growth has helped underpin the cent
Published 14 Jan, 2015 12:00am
Poland says may cut January 22 bond sale to 8 billion zloty

Poland says may cut January 22 bond sale to 8 billion zloty

Poland will reduce the size of a January 22 bond auction if investors take up all the bonds offered at a tender this week, the head of the finance ministry's public debt department said on Tuesday. The finance ministry had earlier said it would offer betw
Published 14 Jan, 2015 12:00am
Poland says may cut January 22 bond sale to 8 billion zloty

Poland says may cut January 22 bond sale to 8 billion zloty

Poland will reduce the size of a January 22 bond auction if investors take up all the bonds offered at a tender this week, the head of the finance ministry's public debt department said on Tuesday. The finance ministry had earlier said it would offer betw
Published 14 Jan, 2015 12:00am
Moong, Super Basmati rates slide on grain market

Moong, Super Basmati rates slide on grain market

Moong prices were sharply down on the wholesale grain market on Tuesday in the process of trading, dealers said. On the cereals side, Moong Punjab lost Rs 250 to Rs 12750, Moong Afghan dropped the same amount to Rs 13250, Masoor Canada, however, low quali
Published 14 Jan, 2015 12:00am
Oil cake market rates

Oil cake market rates

The January vaida was higher and the March contract did not move any side on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The January contract closed at Rs 1568.00 on Monday and it opened with 20 paisa gain at
Published 14 Jan, 2015 12:00am
Seven convicts executed

Seven convicts executed

Seven condemned prisoners convicted in heinous crimes have been executed on Tuesday. According to a statement of Prime Minister Office, Mushtaq Ahmed s/o Imran Ahmed (attacked the presidential cavalcade in 2004), Nawazish Ali s/o Ali Muhammad (attacked th
Published 14 Jan, 2015 12:00am
Seven convicts executed

Seven convicts executed

Seven condemned prisoners convicted in heinous crimes have been executed on Tuesday. According to a statement of Prime Minister Office, Mushtaq Ahmed s/o Imran Ahmed (attacked the presidential cavalcade in 2004), Nawazish Ali s/o Ali Muhammad (attacked th
Published 14 Jan, 2015 12:00am
TDPs, Fata project: US to provide $250 million

TDPs, Fata project: US to provide $250 million

United States will provide $250 million to Pakistan for shelter and resettlement of the Temporarily Displaced Persons (TDPs) of North Waziristan as well as reconstruction projects in Federally Administered Tribal Areas (FATA). This was agreed during talks
Published 14 Jan, 2015 12:00am
TDPs, Fata project: US to provide $250 million

TDPs, Fata project: US to provide $250 million

United States will provide $250 million to Pakistan for shelter and resettlement of the Temporarily Displaced Persons (TDPs) of North Waziristan as well as reconstruction projects in Federally Administered Tribal Areas (FATA). This was agreed during talks
Published 14 Jan, 2015 12:00am
TDPs, Fata project: US to provide $250 million

TDPs, Fata project: US to provide $250 million

United States will provide $250 million to Pakistan for shelter and resettlement of the Temporarily Displaced Persons (TDPs) of North Waziristan as well as reconstruction projects in Federally Administered Tribal Areas (FATA). This was agreed during talks
Published 14 Jan, 2015 12:00am
GDP growth likely to decelerate: World Bank

GDP growth likely to decelerate: World Bank

Pakistan's GDP growth is expected to decelerate in fiscal year 2015 as a result of simmering political tensions and the recovery would remain slow on account of persistent energy shortages and a troubled security situation, says the World Bank. The World
Published 14 Jan, 2015 12:00am
GDP growth likely to decelerate: World Bank

GDP growth likely to decelerate: World Bank

Pakistan's GDP growth is expected to decelerate in fiscal year 2015 as a result of simmering political tensions and the recovery would remain slow on account of persistent energy shortages and a troubled security situation, says the World Bank. The World
Published 14 Jan, 2015 12:00am
GDP growth likely to decelerate: World Bank

GDP growth likely to decelerate: World Bank

Pakistan''s GDP growth is expected to decelerate in fiscal year 2015 as a result of simmering political tensions and the recovery would remain slow on account of persistent energy shortages and a troubled security situation, says the World Bank. The World
Published 14 Jan, 2015 12:00am
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