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Print - 2015-01-17
Fata legislators help government extend GIDC Ordinance by 120 days

Fata legislators help government extend GIDC Ordinance by 120 days

The National Assembly Friday passed a resolution amid a strong protest to extend "The Gas Infrastructure Development Cess Ordinance, 2014" for a further period of 120 days. The ordinance was lapsing on January 22, 2015. All opposition members stood in the
Published 17 Jan, 2015 12:00am
PC board to meet next week

PC board to meet next week

Privatisation Commission's (PC) board is likely to meet next week to review the progress being made in secondary public offering of Habib Bank Limited (HBL) and strategic sale of a minimum 88 percent government shares in National Power Construction Corpor
Published 17 Jan, 2015 12:00am
Three injured during protest against caricatures

Three injured during protest against caricatures

At least three people were injured Friday in clashes between anti-Charlie Hebdo protesters and police outside the French consulate in Karachi, officials said, including an AFP photographer who was shot in the back. The protest by the student wing of the J
Published 17 Jan, 2015 12:00am
Three injured during protest against caricatures

Three injured during protest against caricatures

At least three people were injured Friday in clashes between anti-Charlie Hebdo protesters and police outside the French consulate in Karachi, officials said, including an AFP photographer who was shot in the back. The protest by the student wing of the J
Published 17 Jan, 2015 12:00am
Rs 1.70 per unit increase: Ex-post facto approval accorded by ECC

Rs 1.70 per unit increase: Ex-post facto approval accorded by ECC

Economic Co-ordination Committee (ECC) of the Cabinet has accorded ex-post facto approval of Rs 1.70 per unit increase in power tariff imposed by the Ministry of Water and Power under surcharges. Ministry of Water and Power, while presenting its case, arg
Published 17 Jan, 2015 12:00am
Rs 1.70 per unit increase: Ex-post facto approval accorded by ECC

Rs 1.70 per unit increase: Ex-post facto approval accorded by ECC

Economic Co-ordination Committee (ECC) of the Cabinet has accorded ex-post facto approval of Rs 1.70 per unit increase in power tariff imposed by the Ministry of Water and Power under surcharges. Ministry of Water and Power, while presenting its case, arg
Published 17 Jan, 2015 12:00am
Rs 1.70 per unit increase: Ex-post facto approval accorded by ECC

Rs 1.70 per unit increase: Ex-post facto approval accorded by ECC

Economic Co-ordination Committee (ECC) of the Cabinet has accorded ex-post facto approval of Rs 1.70 per unit increase in power tariff imposed by the Ministry of Water and Power under surcharges. Ministry of Water and Power, while presenting its case, arg
Published 17 Jan, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (January 16, 2015).

Published 17 Jan, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (January 16, 2015).

Published 17 Jan, 2015 12:00am
Fata legislators help government extend GIDC Ordinance by 120 days

Fata legislators help government extend GIDC Ordinance by 120 days

The National Assembly Friday passed a resolution amid a strong protest to extend "The Gas Infrastructure Development Cess Ordinance, 2014" for a further period of 120 days. The ordinance was lapsing on January 22, 2015. All opposition members stood in the
Published 17 Jan, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (January 16, 2015).

Published 17 Jan, 2015 12:00am
Fata legislators help government extend GIDC Ordinance by 120 days

Fata legislators help government extend GIDC Ordinance by 120 days

The National Assembly Friday passed a resolution amid a strong protest to extend "The Gas Infrastructure Development Cess Ordinance, 2014" for a further period of 120 days. The ordinance was lapsing on January 22, 2015. All opposition members stood in the
Published 17 Jan, 2015 12:00am
ICC prosecutor opens probe into war crimes against Palestinians

ICC prosecutor opens probe into war crimes against Palestinians

The International Criminal Court's prosecutor on Friday opened a preliminary probe into possible war crimes committed against Palestinians, including during last year's Gaza war. Fatou Bensouda said her office would conduct its "analysis in full independe
Published 17 Jan, 2015 12:00am
ICC prosecutor opens probe into war crimes against Palestinians

ICC prosecutor opens probe into war crimes against Palestinians

The International Criminal Court's prosecutor on Friday opened a preliminary probe into possible war crimes committed against Palestinians, including during last year's Gaza war. Fatou Bensouda said her office would conduct its "analysis in full independe
Published 17 Jan, 2015 12:00am
Senate takes stock of Balochistan unrest

Senate takes stock of Balochistan unrest

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz Friday said that some Baloch separatist leaders are playing in the hands of 'others' and the matter is being raised with their host countries, including the UK.
Published 17 Jan, 2015 12:00am
Senate takes stock of Balochistan unrest

Senate takes stock of Balochistan unrest

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz Friday said that some Baloch separatist leaders are playing in the hands of 'others' and the matter is being raised with their host countries, including the UK.
Published 17 Jan, 2015 12:00am
Vietnam posts $2.14 billion trade surplus for 2014

Vietnam posts $2.14 billion trade surplus for 2014

Vietnam registered a trade surplus of $2.14 billion last year, its third in a row, with export value jumping 13.7 percent from 2013 to $150.19 billion, Vietnam Customs said on Friday. The surplus surpasses an initial government estimate of a $1.98 billion
Published 17 Jan, 2015 12:00am
KTBA rejects FBR's directives

KTBA rejects FBR's directives

Karachi Tax Bar Association (KTBA) has rejected the directives issued by Federal Board of Revenue (FBR) for submission of application for Exemption Certificates (EC) through IRIS system. In a letter sent to chairman FBR, the KTBA said that FBR through a l
Published 17 Jan, 2015 12:00am
Engineering Cadre SPSC postpones exams

Engineering Cadre SPSC postpones exams

The Sindh Public Service Commission Hyderabad in its press release issued here Friday informed that the Combined Competitive Examination for Engineering Cadre for the post of Assistant Engineer/Assistant Executive Engineer (Civil) BPS-17 in Irrigation & P
Published 17 Jan, 2015 12:00am
NAB Karachi recovers Rs 1.43 billio

NAB Karachi recovers Rs 1.43 billio

National Accountability Bureau (NAB) Karachi on Friday said that it disposed off 3,589 complaints and recovered Rs 1.432 billion plundered amount during 2014 This was revealed by NAB, Sindh during the visit of Chairman NAB Qamar Zaman Chaudhry for annual
Published 17 Jan, 2015 12:00am
Belgians held in France after foiled plot

Belgians held in France after foiled plot

Two Belgians who were arrested in France after allegedly fleeing police raids against an Islamist cell in their home country, were headed towards Italy, police sources said Friday. The suspects left Belgium shortly after security forces launched an assaul
Published 17 Jan, 2015 12:00am
More than 20 missing after boat sinks in Yangtze

More than 20 missing after boat sinks in Yangtze

More than 20 people were missing Friday, including foreigners, after a tugboat sank on a trial voyage in China's vast Yangtze river, state media and authorities said. The new vessel was undergoing testing in the eastern province of Jiangsu on Thursday aft
Published 17 Jan, 2015 12:00am
UN still awaiting Kabila go-ahead for DR Congo offensive

UN still awaiting Kabila go-ahead for DR Congo offensive

The United Nations is still waiting for President Joseph Kabila to sign off on a joint military plan to drive out rebels from eastern Democratic Republic of Congo, the UN said Friday. UN spokesman Stephane Dujarric told reporters that Kabila had not signe
Published 17 Jan, 2015 12:00am
At least two Malian soldiers killed in raid

At least two Malian soldiers killed in raid

At least two Malian soldiers were killed in an attack by jihadist forces Friday on the central town of Tenenkou, UN military sources said. Islamist fighters had infiltrated the town "since Wednesday night," a local told AFP, before attacking troops Friday
Published 17 Jan, 2015 12:00am
Oscar-nominated 'Leviathan, ruffles feathers in Russia

Oscar-nominated 'Leviathan, ruffles feathers in Russia

Russian director Andrei Zvyagintsev's Oscar-nominated film "Leviathan" has won acclaim around the world but is dividing opinion back at home, where some see it as a critique of President Vladimir Putin and Russia itself. The film, a no-holds-barred look a
Published 17 Jan, 2015 12:00am
Obama, Cameron vow to help France defeat 'terror'

Obama, Cameron vow to help France defeat 'terror'

US President Barack Obama and British Prime Minister David Cameron vowed Friday to help France and others defeat the threat of global terrorism with stronger co-operation and surveillance. In his first meeting with a foreign leader since last week's extre
Published 17 Jan, 2015 12:00am
Italy brushes off reports it paid millions to al Qaeda

Italy brushes off reports it paid millions to al Qaeda

Italy on Friday brushed aside reports it had paid off al Qaeda to secure the release of two Italian aid workers abducted in northern Syria last summer. Foreign Minister Paolo Gentiloni told parliament that claims that a $12-million (10-million euros) rans
Published 17 Jan, 2015 12:00am
Pentagon to deploy 400 troops to train Syrian rebels

Pentagon to deploy 400 troops to train Syrian rebels

The US military is planning to send more than 400 soldiers to train Syrian rebels to fight Islamic State along with hundreds of US support personnel, a Pentagon spokesman said on Thursday. The training mission is expected to begin in the spring at sites o
Published 17 Jan, 2015 12:00am
10 news organisations join drone-test programme

10 news organisations join drone-test programme

Ten US media organisations including the New York Times and Washington Post announced a coalition Thursday to test drones for news gathering in collaboration with Virginia Tech University. The initiative is "designed to conduct controlled safety testing o
Published 17 Jan, 2015 12:00am
Kerry and Iran's Zarif meet again in Paris to narrow nuclear gaps

Kerry and Iran's Zarif meet again in Paris to narrow nuclear gaps

US Secretary of State John Kerry and Iranian counterpart Mohammad Jawad Zarif met in Paris on Friday to try to narrow gaps over Iran's nuclear programme, their second session in three days with broader negotiations due to resume soon. Iran and six world p
Published 17 Jan, 2015 12:00am
Russia could soon run multiple Ukraine-sized operations: US general

Russia could soon run multiple Ukraine-sized operations: US general

Russia is working to develop within a few years the capability to threaten several neighbours at once on the scale of its present operation in Ukraine, a senior American general said. Lieutenant-General Ben Hodges, commander of US Army forces in Europe, t
Published 17 Jan, 2015 12:00am
Erdogan warns of clash of civilisations following attacks

Erdogan warns of clash of civilisations following attacks

Turkish President Tayyip Erdogan on Friday warned of a "clash of civilisations" following the wake of the Islamist militant attacks in Paris and he also appeared to criticise France for allowing the wife of one of the gunmen to travel via Turkey to Syria.
Published 17 Jan, 2015 12:00am
West African leaders mull new force to fight Boko Haram insurgents

West African leaders mull new force to fight Boko Haram insurgents

West African leaders are considering creating a military force to fight Nigeria's Boko Haram Islamist insurgents and will meet next week to tackle the issue, Ghanaian President John Mahama said on Friday. Boko Haram has killed thousands of people over the
Published 17 Jan, 2015 12:00am
Serbian lawyers announce end to four-month strike

Serbian lawyers announce end to four-month strike

Lawyers in Serbia voted on Friday to end a four-month strike that has delayed thousands of court hearings, after the government agreed to change proposals on regulations and tax rules for the profession. The Serbian Bar Association had said the plans woul
Published 17 Jan, 2015 12:00am
Warner counters Morgan ton to lead Aussies to big win

Warner counters Morgan ton to lead Aussies to big win

Australian opener David Warner led his team to an emphatic three-wicket win over England in the opening one-day international of the triangular series at the Sydney Cricket Ground on Friday. The powerful left-hander's commanding century cancelled out a lo
Published 17 Jan, 2015 12:00am
Kvitova wins all-Czech final over Pliskova in Sydney

Kvitova wins all-Czech final over Pliskova in Sydney

Petra Kvitova edged out fellow Czech Karolina Pliskova in two tiebreak sets to win the Sydney International on Friday. The reigning Wimbledon champion downed her rising compatriot 7-6 (7/5), 7-6 (8/6) to send her into next week's Australian Open full of c
Published 17 Jan, 2015 12:00am
Shaky Serena still Australian Open favourite

Shaky Serena still Australian Open favourite

Serena Williams remains the red-hot favourite for the Australian Open, despite some patchy form in the lead up to her campaign for a 19th career Grand Slam. Arch-rival Maria Sharapova is again expected to be the American's main challenger, with injuries m
Published 17 Jan, 2015 12:00am
Sangakkara signs for Surrey

Sangakkara signs for Surrey

Sri Lanka great Kumar Sangakkara is to join Surrey, the English county announced Friday. Sangakkara is currently ranked as the world's number one Test batsman and is one of the most prolific scorers in the history of the five-day game with 12,203 runs to
Published 17 Jan, 2015 12:00am
Constantine returns as India's coach

Constantine returns as India's coach

Englishman Stephen Constantine was on Friday appointed India's football coach for the second time, facing the unenviable task of lifting the cricket-mad nation from its lowly 171st ranking. Constantine, 52, who served as India's coach from 2002 to 2005 du
Published 17 Jan, 2015 12:00am
McIlroy hits first pro hole-in-one to close on Kaymer

McIlroy hits first pro hole-in-one to close on Kaymer

Rory McIlroy sunk his first professional hole-in-one in the Abu Dhabi HSBC Golf Championship second round on Friday as the four-times major winner mounted another late surge to close within two strokes of leader Martyn Kaymer. The German, teeing off early
Published 17 Jan, 2015 12:00am
'Fake Sheikh' evidence prompts Pakistan re-think: report

'Fake Sheikh' evidence prompts Pakistan re-think: report

Prosecutors are re-examining the criminal convictions of three Pakistan players jailed in 2011 over spot-fixing allegations, according to a report in Britain's Guardian newspaper. The Guardian said the convictions in a London court of then Pakistan captai
Published 17 Jan, 2015 12:00am
Torres double dumps Real Madrid out of Cup

Torres double dumps Real Madrid out of Cup

Fernando Torres scored his first Atletico Madrid goals in eight years as the La Liga champions dumped holders Real Madrid out of the Copa del Rey 4-2 on aggregate after a 2-2 draw at the Santiago Bernabeu on Thursday. Already leading 2-0 from last week's
Published 17 Jan, 2015 12:00am
PepsiCo Pakistan World Cup campaign launched

PepsiCo Pakistan World Cup campaign launched

Thursday evening saw the top stars of the Pakistan Cricket 'come together to witness the launch of the official PepsiCo World Cup Campaign launch. Prominent celebrities, PepsiCo and PCB officials and the Pakistan cricket team were all present at the grand
Published 17 Jan, 2015 12:00am
Barca hope calm continues in pursuit of Madrid

Barca hope calm continues in pursuit of Madrid

After staving off a full blown institutional crisis with victory over La Liga champions Atletico Madrid last weekend, Barcelona will be hoping their best performance of the season proves to be a turning point in their campaign. The star forward trio of Li
Published 17 Jan, 2015 12:00am
US MIDDAY: corn rallies one percent

US MIDDAY: corn rallies one percent

US corn jumped 1 percent on Friday, rebounding from a nearly two-month low on support from short covering and increasing export demand and trimming declines from earlier this week. Wheat futures were also higher on bargain buying, on their way to a fourth
Published 17 Jan, 2015 12:00am
US MIDDAY: coffee tumbles

US MIDDAY: coffee tumbles

Arabica coffee futures on ICE tumbled for the second straight day on Friday. Raw sugar turned slightly lower after extending the prior session's surge to a five-week peak as technical buying dried up. The US softs markets will shut on Monday for the Marti
Published 17 Jan, 2015 12:00am
Gold hit biggest weekly gain in 17 months on risk aversion

Gold hit biggest weekly gain in 17 months on risk aversion

Gold hit a four-month high on Friday, looking set to post its biggest weekly gain in 17 months as investors sought safety from volatility in wider markets after Switzerland unexpectedly abandoned a cap on the franc. Spot gold rose 1.3 percent to its highe
Published 17 Jan, 2015 12:00am
Gold poised for best week in Asian trade

Gold poised for best week in Asian trade

Gold traded near its highest level in four months on Friday and looked set to post its best week in ten months, as investors sought safety from market volatility after Switzerland unexpectedly scrapped a cap on the franc. Spot gold was firm at $1,259.80 a
Published 17 Jan, 2015 12:00am
Coffee tumbles for second straight day, cocoa down on data

Coffee tumbles for second straight day, cocoa down on data

Arabica coffee futures on ICE tumbled for the second straight day on Friday, as a forecast for much-needed rain in top grower Brazil spurred follow-through selling, while cocoa extended losses on weak processing data in Europe and North America. Raw sugar
Published 17 Jan, 2015 12:00am
Soybeans notch 2-1/2 month low

Soybeans notch 2-1/2 month low

US soybeans reversed earlier gains to fall 2 percent on Thursday, pressured by a steep downturn in soymeal futures and smaller-than-expected private crushing data. Wheat futures extended their worst downturn in six months on lackluster export demand while
Published 17 Jan, 2015 12:00am
Palm falls to one-week low, posts biggest weekly drop

Palm falls to one-week low, posts biggest weekly drop

Malaysian palm oil futures fell to their lowest in over a week on Friday as volatile crude oil prices and lacklustre export demand dampened buying interest in the tropical oil, dragging the contract to its biggest weekly drop in seven. Palm, the world's m
Published 17 Jan, 2015 12:00am
Tokyo rubber ends down 1.6 percent

Tokyo rubber ends down 1.6 percent

Benchmark Tokyo rubber futures fell 1.6 percent on Friday, posting their biggest weekly drop in about a year, as slumping oil prices and a stronger yen encouraged investors to liquidate contracts to avoid risks ahead of the weekend. Tokyo Commodity Exchan
Published 17 Jan, 2015 12:00am
Oil spikes above $50, global economic woes pare gains

Oil spikes above $50, global economic woes pare gains

Brent crude spiked above $50 on Wednesday, boosted by the response to a bullish report on consumer sentiment, before paring gains on a strengthening dollar and broader global economic woes. The University of Michigan released a report showing consumer sen
Published 17 Jan, 2015 12:00am
Copper up for second day, lifted by boost in China grid spending

Copper up for second day, lifted by boost in China grid spending

Copper edged further away from 5-1/2 year lows on Friday after moves by China to boost power grid spending and lending helped to ease fears about demand, but the metal still notched its biggest weekly loss since 2011. Three-month copper on the London Meta
Published 17 Jan, 2015 12:00am
Cotton futures jump on strong export sales data

Cotton futures jump on strong export sales data

ICE cotton jumped on Thursday in response to better-than-expected export sales, with healthy buying from top-consumer China, but quickly pared gains on concerns of weakening macroeconomic conditions. The most-active front-month March cotton contract on IC
Published 17 Jan, 2015 12:00am
Australian, New Zealand dollars fly as Swiss decision downs euro

Australian, New Zealand dollars fly as Swiss decision downs euro

The Australian and New Zealand dollars scaled multi-month highs against a crestfallen euro on Friday, after the Swiss National Bank stunned markets by abandoning its cap on the franc. The move saw the Swiss franc boast some of the biggest one-day gains in
Published 17 Jan, 2015 12:00am
Sterling firm at seven-year high against weakening euro

Sterling firm at seven-year high against weakening euro

Sterling rose to a seven-year high against a weakened euro on Friday as expectations grew that the European Central Bank would resort to further monetary easing next week. The euro was also nursing losses after the Swiss National Bank's surprising decisio
Published 17 Jan, 2015 12:00am
Kenyan shilling stays at three-year low

Kenyan shilling stays at three-year low

Kenya's shilling hovered at a three-year low on Friday and could face renewed pressure next week as companies seek dollars to meet payments due at the end of the month, while shares closed marginally higher. At the 1300 GMT close, banks quoted the shillin
Published 17 Jan, 2015 12:00am
Singapore dollar edges up as volatility spikes on Swiss shock

Singapore dollar edges up as volatility spikes on Swiss shock

The Singapore dollar edged higher on Friday in a reflection of what analysts said were traders being forced to shift their positions and strategies, after Switzerland's unexpected move to abandon its cap on the franc jolted financial markets. The Singapor
Published 17 Jan, 2015 12:00am
Yuan winning streak broken by Swiss central bank move

Yuan winning streak broken by Swiss central bank move

China's yuan snapped a five-day gaining streak against the dollar and posted its biggest intraday daily loss in more than a month on Friday, as investors squared positions to cope with their losses in Swiss Franc market following a shock move by the Swiss
Published 17 Jan, 2015 12:00am
Swiss franc soars after SNB drops cap on currency

Swiss franc soars after SNB drops cap on currency

The Swiss franc soared nearly 28 percent against the dollar on Thursday after Switzerland's central bank dumped a three-year-old cap on the franc's value against the euro, sending shockwaves through currency markets and pummelling traders who had bet agai
Published 17 Jan, 2015 12:00am
Early New York trade: Dollar gains ground against franc

Early New York trade: Dollar gains ground against franc

The US dollar and the euro gained a little ground against the Swiss franc on Friday, a day after the Swiss National Bank shocked markets by scrapping a currency cap, while the dollar hit new multi-year highs versus the euro on expected European Central Ba
Published 17 Jan, 2015 12:00am
Euro fights back versus Swiss franc, weak against dollar

Euro fights back versus Swiss franc, weak against dollar

The euro regained more than 3 percent of its value against the Swiss franc on Friday but veered towards an 11-year low against the dollar, as investors took the Swiss move to scrap its currency cap as a sign the ECB would begin quantitative easing. The eu
Published 17 Jan, 2015 12:00am
Euro pinned near 11-year low as SNB move beefs up bets on ECB stimulus

Euro pinned near 11-year low as SNB move beefs up bets on ECB stimulus

The euro languished just above an 11-year trough on Friday as investors wagered that the Swiss move to abandon its currency cap meant it was almost certain the European Central Bank would launch large-scale bond buying next week. The euro suffered its big
Published 17 Jan, 2015 12:00am
BP rally supports FTSE 100; financials take Swiss hit

BP rally supports FTSE 100; financials take Swiss hit

Britain's top share index rose on Friday, boosted by BP after the oil major received a smaller fine than anticipated for the 2010 Gulf of Mexico oil spill. A rebound in Brent crude and commodities helped to support the broader energy and mining sectors. B
Published 17 Jan, 2015 12:00am
J.P Morgan says it could remove Nigeria from key bond index

J.P Morgan says it could remove Nigeria from key bond index

J.P. Morgan said on Friday it would assess Nigeria's suitability to remain in a key emerging currency bond index because of a lack of liquidity in the African country's forex and bond markets. The bank, which runs the most commonly used emerging debt inde
Published 17 Jan, 2015 12:00am
J.P Morgan says it could remove Nigeria from key bond index

J.P Morgan says it could remove Nigeria from key bond index

J.P. Morgan said on Friday it would assess Nigeria's suitability to remain in a key emerging currency bond index because of a lack of liquidity in the African country's forex and bond markets. The bank, which runs the most commonly used emerging debt inde
Published 17 Jan, 2015 12:00am
Indian shares rise to one-month high

Indian shares rise to one-month high

Indian shares surged to their highest level in more than a month on Friday, marking the best weekly performance since October, as bluechips such as Larsen and Toubro gained after the central bank's unexpected rate cut on Thursday. Software exporter Tata C
Published 17 Jan, 2015 12:00am
Swiss stocks sink for second day after SNB's surprise move

Swiss stocks sink for second day after SNB's surprise move

Swiss stocks sank on Friday, extending the sell-off sparked by the Swiss National Bank's surprise decision to remove a ceiling on the Swiss franc that sent the currency soaring. Watchmakers Swatch and Richemont - considered the most vulnerable to a higher
Published 17 Jan, 2015 12:00am
China stocks extend gains as small caps, tech outshine bluechips

China stocks extend gains as small caps, tech outshine bluechips

China stocks climbed higher on Friday as gains on Shenzhen's ChiNext Composite, focused on small cap and tech stocks, outstripped bluechip heavy Shanghai. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.9 percent, to 3,635
Published 17 Jan, 2015 12:00am
Sri Lankan shares decline in thin trade, CTC slips

Sri Lankan shares decline in thin trade, CTC slips

Sri Lanka's main stock index fell to a one-week low on Friday, led by Ceylon Tobacco Company Plc even as investors waited for clarity in economic policy from the new government led by President Maithripala Sirisena. The main stock index closed down 0.48 p
Published 17 Jan, 2015 12:00am
US 30-year yield hits record low after Swiss rate cut

US 30-year yield hits record low after Swiss rate cut

US 30-year Treasuries yield fell on Thursday to record lows for a second day after a surprise interest rate cut and dumping of a currency cap by the Swiss central bank stoked demand for higher-yielding US government debt. The Swiss National Bank lowered i
Published 17 Jan, 2015 12:00am
US 30-year yield hits record low after Swiss rate cut

US 30-year yield hits record low after Swiss rate cut

US 30-year Treasuries yield fell on Thursday to record lows for a second day after a surprise interest rate cut and dumping of a currency cap by the Swiss central bank stoked demand for higher-yielding US government debt. The Swiss National Bank lowered i
Published 17 Jan, 2015 12:00am
Australian shares post worst weekly fall

Australian shares post worst weekly fall

Australian shares fell for the fifth straight session on Friday led by weakness in financials and energy-related stocks as worries grew about the impact of declining commodities prices on the export-driven economy. The S&P/ASX 200 index fell 0.6 percent o
Published 17 Jan, 2015 12:00am
Wall Street drops for 5th day on global economy, earnings concern

Wall Street drops for 5th day on global economy, earnings concern

US stocks fell for a fifth straight session Thursday as bank results disappointed and investors fretted over the potential impact of global economic weakness on US earnings. Energy shares extended recent losses as oil prices settled down more than 4 perce
Published 17 Jan, 2015 12:00am
Early New York trading: Wall Street climbs

Early New York trading: Wall Street climbs

US stocks rose on Friday as energy stocks climbed and market participants continued to assess the ramifications for US and other markets of Switzerland's move to scrap its currency cap. Investors attempted to interpret the impact of the move by the Swiss
Published 17 Jan, 2015 12:00am
Tokyo stocks close down after Swiss drop franc cap

Tokyo stocks close down after Swiss drop franc cap

Tokyo stocks fell 1.43 percent on Friday as investors moved into the yen following Switzerland's shock decision to remove its currency peg to the euro. The Nikkei 225 index at the Tokyo Stock Exchange, which was off nearly 3.0 percent at one stage, lost 2
Published 17 Jan, 2015 12:00am
Vietnam index ends down 0.5 percent, GAS leads

Vietnam index ends down 0.5 percent, GAS leads

Vietnam's benchmark VN Index closed down 0.51 percent on Friday, as PetroVietNam Gas led the losses amid range-bound movements in most other bluechips. GAS shares, Vietnam's largest firm that accounts for a fifth of the market value, lost 1.27 percent to
Published 17 Jan, 2015 12:00am
Hong Kong shares fall as global economy worries spread

Hong Kong shares fall as global economy worries spread

Hong Kong shares drifted downward on Friday as losses on Wall Street spread to Asia. The Hang Seng index fell 1.0 percent, to 24,103.52, while the China Enterprises Index lost 0.9 percent, to 12,076.74 points. For the week, the Hang Seng rose 0.8 percent
Published 17 Jan, 2015 12:00am
IKEA to double sourcing from India by 2020

IKEA to double sourcing from India by 2020

Sweden's IKEA Group plans to double the amount of goods it sources from India by 2020, a boost for Prime Minister Narendra Modi's efforts to support manufacturing in his country. IKEA, which currently takes goods worth around $370 million from India each
Published 17 Jan, 2015 12:00am
Bank Muscat fourth quarter net profit drops 26.6 percent

Bank Muscat fourth quarter net profit drops 26.6 percent

Bank Muscat, Oman's largest lender, posted a 26.6 percent decrease in its fourth-quarter net profit on Thursday, missing analysts' estimates. The bank made a profit of 36.5 million rials ($94.8 million) in the three months to December 31 compared with 49.
Published 17 Jan, 2015 12:00am
Bank Muscat fourth quarter net profit drops 26.6 percent

Bank Muscat fourth quarter net profit drops 26.6 percent

Bank Muscat, Oman's largest lender, posted a 26.6 percent decrease in its fourth-quarter net profit on Thursday, missing analysts' estimates. The bank made a profit of 36.5 million rials ($94.8 million) in the three months to December 31 compared with 49.
Published 17 Jan, 2015 12:00am
Nivea maker Beiersdorf beats sales expectations

Nivea maker Beiersdorf beats sales expectations

Germany's Beiersdorf reported a slightly higher than expected rise in 2014 sales on Thursday and confirmed its full-year profit target. The maker of Nivea skin cream posted 2.3 percent higher full year sales of 6.285 billion euros ($7.4 billion) against a
Published 17 Jan, 2015 12:00am
Nivea maker Beiersdorf beats sales expectations

Nivea maker Beiersdorf beats sales expectations

Germany's Beiersdorf reported a slightly higher than expected rise in 2014 sales on Thursday and confirmed its full-year profit target. The maker of Nivea skin cream posted 2.3 percent higher full year sales of 6.285 billion euros ($7.4 billion) against a
Published 17 Jan, 2015 12:00am
Azeri oil exports down 3.5 percent in 2014

Azeri oil exports down 3.5 percent in 2014

Azerbaijan's oil exports dropped 3.5 percent in 2014, a source at the State Customs Committee said on Friday, driven by falls at fields operated by BP. The source said Azerbaijan exported 33.04 million tonnes of oil last year, down from 34.25 million in 2
Published 17 Jan, 2015 12:00am
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