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Print - 2015-01-26
Qatar's economy minister appointed chairman of stock exchange

Qatar's economy minister appointed chairman of stock exchange

Qatar's economy minister Sheikh Ahmed bin Jassim al-Thani has been appointed chairman of the Gulf state's stock exchange, the bourse said on Sunday, in a move apparently intended to raise the exchange's international profile. The exchange's previous actin
Published 26 Jan, 2015 12:00am
Turkish president visits Somalia under tight security

Turkish president visits Somalia under tight security

Turkish President Tayyip Erdogan travelled to the Somali capital Mogadishu under heavy security on Sunday, making his second visit in four years to promise further investment in the country as it struggles to rebuild after two decades of conflict.
Published 26 Jan, 2015 12:00am
Spanish economy seen entering a 'virtuous circle'

Spanish economy seen entering a 'virtuous circle'

Spain has emerged from a devastating crisis and entered a "virtuous circle" with faster growth than its neighbours, but the IMF warns that high unemployment and the rise of populist parties still threaten the recovery. The International Monetary Fund rais
Published 26 Jan, 2015 12:00am
Thousands march in Venezuela over economic crisis, shortages

Thousands march in Venezuela over economic crisis, shortages

Demonstrators against Venezuela's economic crisis - facing sky-high inflation and shortages of food and consumer goods - took to the streets in their thousands Saturday, banging pots and demanding an end to President Nicolas Maduro's term. Opposition lead
Published 26 Jan, 2015 12:00am
UAE bank ADIB eyes capital boost

UAE bank ADIB eyes capital boost

Abu Dhabi Islamic Bank said on Sunday it planned to boost its capital base to help support future growth, after setting aside less cash for bad loans helped it post a 19.3 percent rise in fourth-quarter net profit. Banks in the United Arab Emirates have e
Published 26 Jan, 2015 12:00am
Imperial Tobacco launches caffeinated mouth strips

Imperial Tobacco launches caffeinated mouth strips

Imperial Tobacco Group, the world's third largest cigarette maker, is moving into caffeine as more people kick the deadly smoking habit, launching a melt-in-your-mouth strip designed to give an energy boost in seconds. The product, called Reon, comes in f
Published 26 Jan, 2015 12:00am
Brazil finds coffee protein with morphine effect

Brazil finds coffee protein with morphine effect

Brazilian scientists have discovered a protein in coffee that has effects similar to pain reliever morphine, researchers at the state University of Brasilia (UnB) and state-owned Brazilian Agricultural Research Corporation Embrapa said Saturday. Embrapa s
Published 26 Jan, 2015 12:00am
Danish central bank, government say crown peg to remain

Danish central bank, government say crown peg to remain

Denmark's central bank has the tools to react "at any given moment" to preserve the crown currency's peg to the euro, it said on Tuesday, while the economy minister also insisted the fixed exchange rate would be maintained.
Published 26 Jan, 2015 12:00am
'Green' bond issuance booming, but standards are unclear

'Green' bond issuance booming, but standards are unclear

Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth advisers just starting to tune into the securities.
Published 26 Jan, 2015 12:00am
'Green' bond issuance booming, but standards are unclear

'Green' bond issuance booming, but standards are unclear

Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth advisers just starting to tune into the securities.
Published 26 Jan, 2015 12:00am
Tele Columbus shares rise in Europe's first IPO of 2015

Tele Columbus shares rise in Europe's first IPO of 2015

Shares in German cable operator Tele Columbus rose on their debut on Friday, tapping into a buoyant market a day after the European Central Bank said it would pump fresh money into the euro zone economy. In Europe's first IPO of 2015, the stock started tr
Published 26 Jan, 2015 12:00am
Tele Columbus shares rise in Europe's first IPO of 2015

Tele Columbus shares rise in Europe's first IPO of 2015

Shares in German cable operator Tele Columbus rose on their debut on Friday, tapping into a buoyant market a day after the European Central Bank said it would pump fresh money into the euro zone economy. In Europe's first IPO of 2015, the stock started tr
Published 26 Jan, 2015 12:00am
Tokyo investors eye Fed meet, Japanese earnings

Tokyo investors eye Fed meet, Japanese earnings

A US central bank meeting and the start of Japan's earnings season will drive Tokyo shares next week, analysts said Friday, after the ECB's unprecedented stimulus helped push the Nikkei to a nearly four percent weekly gain.
Published 26 Jan, 2015 12:00am
Abu Dhabi, Qatar shares rise; property stocks weigh on Dubai

Abu Dhabi, Qatar shares rise; property stocks weigh on Dubai

Stock markets in the United Arab Emirates and Qatar were mixed in low-volume trade on Sunday as most countries in the Middle East closed their bourses following the death of Saudi Arabia's King Abdullah. His successor King Salman pledged continuity in ene
Published 26 Jan, 2015 12:00am
Austria expects Swiss franc to weaken in longer term

Austria expects Swiss franc to weaken in longer term

Switzerland cannot allow its currency to remain at its current heady levels against the euro over the longer term because it will be too damaging for the Swiss economy, Austria's finance minister was quoted on Sunday as saying.
Published 26 Jan, 2015 12:00am
Russian bond auction flops

Russian bond auction flops

Russia's first attempt to borrow on financial markets since November flopped on Wednesday as Moscow only raised a fifth of the amount it was seeking. The finance ministry, which had offered up to five billion rubles (66 million euros, $76 million) in bond
Published 26 Jan, 2015 12:00am
Russian bond auction flops

Russian bond auction flops

Russia's first attempt to borrow on financial markets since November flopped on Wednesday as Moscow only raised a fifth of the amount it was seeking. The finance ministry, which had offered up to five billion rubles (66 million euros, $76 million) in bond
Published 26 Jan, 2015 12:00am
'Forex markets need more regulation'

'Forex markets need more regulation'

Britain's vast foreign exchange markets need more regulation in the wake of a currency rate-fixing scandal that landed global banks with heavy fines last year, a lawyer who investigated the case said on Wednesday. Anthony Grabiner, speaking to British law
Published 26 Jan, 2015 12:00am
Swiss franc shock drove FX trade to record high

Swiss franc shock drove FX trade to record high

Foreign exchange markets saw their biggest ever day by number of deals after Switzerland's shock removal of its cap on the Swiss franc last week, the chief executive of settlement company CLS told Reuters on Wednesday.
Published 26 Jan, 2015 12:00am
Wall Street week ahead: eyes on Fed after ECB, other bank stimulus moves

Wall Street week ahead: eyes on Fed after ECB, other bank stimulus moves

The Federal Reserve could be key for Wall Street next week as investors get to hear from the US central bank for the first time since a series of moves by its global peers, including the European Central Bank's massive stimulus plan. Thursday's larger-tha
Published 26 Jan, 2015 12:00am
Bombs kill 11 at central Baghdad restaurants

Bombs kill 11 at central Baghdad restaurants

Bombs killed at least 11 civilians in central Baghdad on Sunday when they exploded at two restaurants in the Iraqi capital, police and medical sources said. Police said the deadliest explosion took place near Tahrir Square when a bomb placed in a plastic
Published 26 Jan, 2015 12:00am
Fighter jets escort US airliners after bomb threat

Fighter jets escort US airliners after bomb threat

A pair of F-16 fighter jets escorted two US commercial airliners to their landing in Atlanta on Saturday following a bomb threat online, an aviation spokesman said. A threat posted to Twitter prompted the jets to be scrambled for the planes arriving from
Published 26 Jan, 2015 12:00am
Central African Republic minister kidnapped, another targeted

Central African Republic minister kidnapped, another targeted

Central African Republic's minister for youth and sport was kidnapped on Sunday by gunmen in the capital, Bangui, and a second minister narrowly escaped capture in a town to the north, officials said. The seizure of Armel Ningatoloum Sayo follows the brie
Published 26 Jan, 2015 12:00am
Nigeria repels suspected Boko Haram attack on Maiduguri city

Nigeria repels suspected Boko Haram attack on Maiduguri city

Nigeria's military repelled multiple attacks by suspected Boko Haram militants on Borno state capital Maiduguri in the north-east, security sources said on Sunday, but the insurgents captured another Borno town.
Published 26 Jan, 2015 12:00am
Syria rebels overtake strategic base in south

Syria rebels overtake strategic base in south

Syrian insurgents including fighters from al Qaeda's Nusra Front, seized an important government army base in the south-western Deraa province on Sunday, fighters who took part in the battle said. The base, one of several used to pound rebel-held villages
Published 26 Jan, 2015 12:00am
Widodo praised on economy, but criticised on rights

Widodo praised on economy, but criticised on rights

Indonesia's new President Joko Widodo has won praise for bold economic reforms at the start of his term, but his man-of-the-people image has suffered after criticism of his commitment to human rights and fighting corruption.
Published 26 Jan, 2015 12:00am
Tunisian Islamists reject new government

Tunisian Islamists reject new government

Tunisia's Islamist party Ennahda, which holds the second largest number of seats in parliament, said on Sunday it would reject a government proposed last week by Prime Minister designate Habib Essid, complicating his cabinet's ratification. Parliament wil
Published 26 Jan, 2015 12:00am
Egypt awards $2.2 billion LNG tender to 4 foreign firms

Egypt awards $2.2 billion LNG tender to 4 foreign firms

Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms, its chairman said on Sunday, as the country seeks new energy sources. Declining production and increasing consumptio
Published 26 Jan, 2015 12:00am
Netanyahu defends planned Congress speech as anti-Iran strategy

Netanyahu defends planned Congress speech as anti-Iran strategy

Prime Minister Benjamin Netanyahu defended on Sunday a planned speech to the US Congress about Iran, saying he had a moral obligation to speak out on an issue that poses a mortal threat to Israel. His visit to Washington in March has opened up a rift with
Published 26 Jan, 2015 12:00am
Australia simplifies overseas child adoption

Australia simplifies overseas child adoption

Australia said on Sunday it was simplifying the process of adopting children from overseas, setting up a single body to manage applications while working on new arrangements with the United States, Poland and Vietnam. Prime Minister Tony Abbott said a new
Published 26 Jan, 2015 12:00am
Free eye-camp by MOL receives overwhelming response

Free eye-camp by MOL receives overwhelming response

As part of its Corporate Social Responsibility, MOL Pakistan arranged a one-day free eye camp here at village Anar Cheena in District Hangu. The camp received an overwhelming response from people of the area who visited in large numbers.
Published 26 Jan, 2015 12:00am
Weekly bazaars: CDA to ensure provision of quality food items

Weekly bazaars: CDA to ensure provision of quality food items

Member Administration and Estate, Capital Development Authority (CDA), Amer Ali Ahmed on Sunday said that CDA would not only ensure the provision of quality vegetables, fruits and other edible items of daily usage at CDA's weekly bazaars but also ensure t
Published 26 Jan, 2015 12:00am
Roundtable on 'Education Governance' organised

Roundtable on 'Education Governance' organised

A roundtable on "Education Governance" was organised here to highlight the importance of government and media partnership in enhancing accountability, besides, to discuss the current state of education in Khyber Pakhtunkhwa.
Published 26 Jan, 2015 12:00am
JI trying to sabotage peace in Karachi: MQM

JI trying to sabotage peace in Karachi: MQM

Muttahida Qaumi Movement (MQM) on Sunday accused Jamaat-i-Islami of attempting to sabotage peace in the country's largest city. In a statement issued here, the MQM's co-ordination committee asked under which Shariah Jamaat-i-Islami is staging "violent pro
Published 26 Jan, 2015 12:00am
ICT issues 30 notices to food outlets

ICT issues 30 notices to food outlets

The Islamabad Capital Territory (ICT) administration has imposed fine of Rs 54,000 on outlets serving unhygienic food and issued notices to 30 on account of unsatisfactory sanitary conditions and violations of hygiene and sanitation laws. A bakery was sea
Published 26 Jan, 2015 12:00am
Three alleged Lyari gangsters killed

Three alleged Lyari gangsters killed

Paramilitary Rangers on Sunday claimed to have killed three alleged gangsters of Lyari including a key commander during an encounter, here on Sunday.
Published 26 Jan, 2015 12:00am
Lack of inter-departmental co-ordination adds to PIA's woes

Lack of inter-departmental co-ordination adds to PIA's woes

Following a sporadic flights schedule and continuous flight delays by Pakistan International Airline (PIA), the Civil Aviation Authority (CAA)-Pakistan has directed the national flag carrier to ensure feeding complete flights details in the Air Transport
Published 26 Jan, 2015 12:00am
PPP workers asked to begin preparation for LG polls in KP

PPP workers asked to begin preparation for LG polls in KP

Pakistan People's Party has asked its workers to start preparation for the upcoming local government (LG) elections in order to get maximum seats in all the districts of Khyber Pakhtunkhwa. PPP's provincial president Khanzada Khan said in a statement that
Published 26 Jan, 2015 12:00am
Small-scale organic farming only way to feed the world: UN

Small-scale organic farming only way to feed the world: UN

Transformative changes are needed in our food, agriculture and trade systems in order to increase diversity on farms, reduce our use of fertilizer and other inputs, support small-scale farmers and create strong local food systems, says a report of the UN
Published 26 Jan, 2015 12:00am
NAP implementation: IGP Sindh reviews measures

NAP implementation: IGP Sindh reviews measures

Inspector General of Police Sindh Ghulam Haider Jamali chaired a high level meeting at his office here on Sunday. According to a press release, the meeting was held to review the security measures and police performance especially in accordance with the N
Published 26 Jan, 2015 12:00am
KP Police arrest 246 suspects, recover arms, ammunition

KP Police arrest 246 suspects, recover arms, ammunition

Khyber Pakhtunkhwa Police in the ongoing search and strike operation throughout the province against criminals and anti-social elements has rounded 246 suspects and recovered huge quantity of arms and ammunition. During the last two days the Khyber Pakhtu
Published 26 Jan, 2015 12:00am
Fesco announces new loadshedding schedule

Fesco announces new loadshedding schedule

The Faisalabad Electric Supply Company (Fesco) has announced new schedule of load management (loadshedding) for urban, rural and industrial areas. According to official spokesman, Tahir Sheikh, Deputy Manager of Fesco, the major relief was given to indust
Published 26 Jan, 2015 12:00am
Closure of LTC buses irks people

Closure of LTC buses irks people

Closure of Lahore Transport Company (LTC) buses, which run between Lahore and Narang, has irked people, especially the commuters who travel daily to reach their workplaces. Passengers said that two LTC service was launched just four days before the by-ele
Published 26 Jan, 2015 12:00am
Professors, principals denied of TMF

Professors, principals denied of TMF

The Professors or Principals working in BPS-20 and above in different educational institutions working under Federal Directorate of Education (FDE) are denied of transport magnetisation facility (TMF) which is being enjoyed by the officials of the same gr
Published 26 Jan, 2015 12:00am
Rallies held against impious publication of caricatures

Rallies held against impious publication of caricatures

Jamaat-i-Islami (JI), Jamaat-ud-Dawa (JuD) and Jamiat Ulema-e-Pakistan (JUP) on Sunday held separate rallies against printing of sacrilegious caricatures of Prophet Muhammad (PBUH) by the French weekly. JI chief Siraj-ul-Haq while addressing 'Shan-e-Musta
Published 26 Jan, 2015 12:00am
Hashmi denies being candidate for Senate seat

Hashmi denies being candidate for Senate seat

Senior politician Makhdoom Javed Hashmi has categorically denied that he is a candidate for Senate seat. Hashmi said he had sacrificed for the system of democracy instead of getting benefits and offices in the parliament.
Published 26 Jan, 2015 12:00am
Khurshid advises government to mend its ways

Khurshid advises government to mend its ways

Leader of the Opposition in the National Assembly Syed Khurshid Shah has advised the government to mend its ways instead of deceiving the nation by making lame excuses and using various tactics.
Published 26 Jan, 2015 12:00am
Gwadar to be declared SEZ to facilitate economic uplift

Gwadar to be declared SEZ to facilitate economic uplift

Gwadar will soon be declared a Special Economic Zone (SEZ) for a period of 20 to 30 years in order to facilitate rapid commercial and economic development. The SEZ is likely to cover city of Gwadar and industrial areas currently planned and foreseen. As p
Published 26 Jan, 2015 12:00am
Economic stability top on government agenda: Asif

Economic stability top on government agenda: Asif

Defence, Water and Power Minister Khawaja Muhammad Asif said on Sunday that the PML-N-led government was making strenuous efforts for bringing economic stability and strengthening the national economy on top priority basis. The economic stability had beco
Published 26 Jan, 2015 12:00am
Petrol crisis serious governance failure: IPR

Petrol crisis serious governance failure: IPR

The Institute for Policy Reforms has said that the petrol crisis was a serious governance failure due to strained liquidity position of PSO which severely restricted the ability to import. In a Fact Sheet issued here on Sunday, the IPR warned that there i
Published 26 Jan, 2015 12:00am
Post-Ebola crises: WHO under fire, to develop 'surge capacity'

Post-Ebola crises: WHO under fire, to develop 'surge capacity'

The World Health Organisation (WHO) drew sharp criticism on Sunday over its response to the Ebola epidemic, with donors and agencies urging the creation of a contingency fund and an emergency workforce to respond quickly to future crises.
Published 26 Jan, 2015 12:00am
Post-Ebola crises: WHO under fire, to develop 'surge capacity'

Post-Ebola crises: WHO under fire, to develop 'surge capacity'

The World Health Organisation (WHO) drew sharp criticism on Sunday over its response to the Ebola epidemic, with donors and agencies urging the creation of a contingency fund and an emergency workforce to respond quickly to future crises.
Published 26 Jan, 2015 12:00am
Bangladesh charges Khaleda Zia with instigating attack on bus

Bangladesh charges Khaleda Zia with instigating attack on bus

Bangladesh police have formally charged Begum Khaleda Zia, head of the opposition Bangladesh Nationalist Party (BNP) with instigating a petrol bomb attack on a passenger bus, a senior police official said on Sunday. Police said 29 people suffered burns in
Published 26 Jan, 2015 12:00am
Bangladesh charges Khaleda Zia with instigating attack on bus

Bangladesh charges Khaleda Zia with instigating attack on bus

Bangladesh police have formally charged Begum Khaleda Zia, head of the opposition Bangladesh Nationalist Party (BNP) with instigating a petrol bomb attack on a passenger bus, a senior police official said on Sunday. Police said 29 people suffered burns in
Published 26 Jan, 2015 12:00am
India violates LoC at Charwa Sector

India violates LoC at Charwa Sector

Indian Border Security Force (BSF) on Sunday once again resorted to unprovoked fire at the Line of Control (LoC) in Charwa Sector while Chenab Rangers retaliated befittingly. Sources confirmed that heavy weapons were also employed from both the sides in a
Published 26 Jan, 2015 12:00am
India violates LoC at Charwa Sector

India violates LoC at Charwa Sector

Indian Border Security Force (BSF) on Sunday once again resorted to unprovoked fire at the Line of Control (LoC) in Charwa Sector while Chenab Rangers retaliated befittingly. Sources confirmed that heavy weapons were also employed from both the sides in a
Published 26 Jan, 2015 12:00am
Over 30 Filipino police commandos killed

Over 30 Filipino police commandos killed

More than 30 police commandos were killed in a clash with Muslim insurgents Sunday in the southern Philippines in the biggest single-day combat loss for Philippine forces in many years, officials said. The commandos had entered the far-flung village of Tu
Published 26 Jan, 2015 12:00am
Over 30 Filipino police commandos killed

Over 30 Filipino police commandos killed

More than 30 police commandos were killed in a clash with Muslim insurgents Sunday in the southern Philippines in the biggest single-day combat loss for Philippine forces in many years, officials said. The commandos had entered the far-flung village of Tu
Published 26 Jan, 2015 12:00am
Egypt uprising: at least 15 killed in protests on anniversary

Egypt uprising: at least 15 killed in protests on anniversary

At least 15 people were killed at pro-democracy protests in Egypt on Sunday, the anniversary of the 2011 uprising that toppled autocrat Hosni Mubarak, security sources said. In the bloodiest day of protests since Abdel Fattah al-Sisi was elected president
Published 26 Jan, 2015 12:00am
Egypt uprising: at least 15 killed in protests on anniversary

Egypt uprising: at least 15 killed in protests on anniversary

At least 15 people were killed at pro-democracy protests in Egypt on Sunday, the anniversary of the 2011 uprising that toppled autocrat Hosni Mubarak, security sources said. In the bloodiest day of protests since Abdel Fattah al-Sisi was elected president
Published 26 Jan, 2015 12:00am
Top investors put pressure on Standard Chartered boss to resign

Top investors put pressure on Standard Chartered boss to resign

Standard Chartered''s two largest investors have told the bank''s chairman to find a replacement for Chief Executive Peter Sands within months, the Sunday Telegraph reported, without citing its sources. The newspaper said Temasek and Aberdeen Asset Manage
Published 26 Jan, 2015 12:00am
Top investors put pressure on Standard Chartered boss to resign

Top investors put pressure on Standard Chartered boss to resign

Standard Chartered's two largest investors have told the bank's chairman to find a replacement for Chief Executive Peter Sands within months, the Sunday Telegraph reported, without citing its sources. The newspaper said Temasek and Aberdeen Asset Manageme
Published 26 Jan, 2015 12:00am
Top investors put pressure on Standard Chartered boss to resign

Top investors put pressure on Standard Chartered boss to resign

Standard Chartered's two largest investors have told the bank's chairman to find a replacement for Chief Executive Peter Sands within months, the Sunday Telegraph reported, without citing its sources. The newspaper said Temasek and Aberdeen Asset Manageme
Published 26 Jan, 2015 12:00am
Gunmen kidnap Libyan deputy foreign minister

Gunmen kidnap Libyan deputy foreign minister

Gunmen kidnapped the deputy foreign minister of Libya's internationally recognised government on Saturday, the interior minister said. The gunmen took Hassan al-Saghir from a hotel where he was staying in the eastern city of Bayda, Interior Minister Omar
Published 26 Jan, 2015 12:00am
Gunmen kidnap Libyan deputy foreign minister

Gunmen kidnap Libyan deputy foreign minister

Gunmen kidnapped the deputy foreign minister of Libya's internationally recognised government on Saturday, the interior minister said. The gunmen took Hassan al-Saghir from a hotel where he was staying in the eastern city of Bayda, Interior Minister Omar
Published 26 Jan, 2015 12:00am
Businesspeople hail policy rate cut with reservations

Businesspeople hail policy rate cut with reservations

Business community of the Punjab has welcomed 100 basis points cut in the policy interest rate by the State Bank of Pakistan with reservations describing it below expectations. Talking to Business Recorder, here on Sunday Chairman All Pakistan Business Fo
Published 26 Jan, 2015 12:00am
Businesspeople hail policy rate cut with reservations

Businesspeople hail policy rate cut with reservations

Business community of the Punjab has welcomed 100 basis points cut in the policy interest rate by the State Bank of Pakistan with reservations describing it below expectations. Talking to Business Recorder, here on Sunday Chairman All Pakistan Business Fo
Published 26 Jan, 2015 12:00am
Businesspeople hail policy rate cut with reservations

Businesspeople hail policy rate cut with reservations

Business community of the Punjab has welcomed 100 basis points cut in the policy interest rate by the State Bank of Pakistan with reservations describing it below expectations. Talking to Business Recorder, here on Sunday Chairman All Pakistan Business Fo
Published 26 Jan, 2015 12:00am
Businesspeople hail policy rate cut with reservations

Businesspeople hail policy rate cut with reservations

Business community of the Punjab has welcomed 100 basis points cut in the policy interest rate by the State Bank of Pakistan with reservations describing it below expectations. Talking to Business Recorder, here on Sunday Chairman All Pakistan Business Fo
Published 26 Jan, 2015 12:00am
Iran's FM summoned to parliament over walk with Kerry

Iran's FM summoned to parliament over walk with Kerry

Iranian Foreign Minister Mohammad Javad Zarif is to appear before parliament following controversy over a promenade with his American counterpart during intense nuclear negotiations in Geneva, state media reported on Sunday. Zarif, who leads Tehran's talk
Published 26 Jan, 2015 12:00am
Iran's FM summoned to parliament over walk with Kerry

Iran's FM summoned to parliament over walk with Kerry

Iranian Foreign Minister Mohammad Javad Zarif is to appear before parliament following controversy over a promenade with his American counterpart during intense nuclear negotiations in Geneva, state media reported on Sunday. Zarif, who leads Tehran's talk
Published 26 Jan, 2015 12:00am
Obama to propose protecting US Arctic wildlife refuge from drilling

Obama to propose protecting US Arctic wildlife refuge from drilling

US President Barack Obama will call on Congress to expand protection of Alaska's Arctic refuge where oil and gas drilling is prohibited to 12 million acres (5 million hectares), an area that includes 1.4 million oil-rich acres along the coast. The proposa
Published 26 Jan, 2015 12:00am
Futures spreads up by 122 basis points

Futures spreads up by 122 basis points

Futures spreads grew by 122 basis points to reach 12.72 per cent at the end of last week. During the week under review, the average trading turnover grew by 5.6 percent to 28.15 million shares from the previous 26.66 million shares. The value of the share
Published 26 Jan, 2015 12:00am
Futures spreads up by 122 basis points

Futures spreads up by 122 basis points

Futures spreads grew by 122 basis points to reach 12.72 per cent at the end of last week. During the week under review, the average trading turnover grew by 5.6 percent to 28.15 million shares from the previous 26.66 million shares. The value of the share
Published 26 Jan, 2015 12:00am
Futures spreads up by 122 basis points

Futures spreads up by 122 basis points

Futures spreads grew by 122 basis points to reach 12.72 per cent at the end of last week. During the week under review, the average trading turnover grew by 5.6 percent to 28.15 million shares from the previous 26.66 million shares. The value of the share
Published 26 Jan, 2015 12:00am
Futures spreads up by 122 basis points

Futures spreads up by 122 basis points

Futures spreads grew by 122 basis points to reach 12.72 per cent at the end of last week. During the week under review, the average trading turnover grew by 5.6 percent to 28.15 million shares from the previous 26.66 million shares. The value of the share
Published 26 Jan, 2015 12:00am
KSE loses upward momentum

KSE loses upward momentum

Last week saw the sentiments-driven Karachi stocks market remaining in a tight grip of investors'' positive speculation about a significant rate-cut in Saturday''s monetary policy announcement. The otherwise record-breaking KSE 100 index lost its upward m
Published 26 Jan, 2015 12:00am
KSE loses upward momentum

KSE loses upward momentum

Last week saw the sentiments-driven Karachi stocks market remaining in a tight grip of investors' positive speculation about a significant rate-cut in Saturday's monetary policy announcement. The otherwise record-breaking KSE 100 index lost its upward mom
Published 26 Jan, 2015 12:00am
KSE loses upward momentum

KSE loses upward momentum

Last week saw the sentiments-driven Karachi stocks market remaining in a tight grip of investors' positive speculation about a significant rate-cut in Saturday's monetary policy announcement. The otherwise record-breaking KSE 100 index lost its upward mom
Published 26 Jan, 2015 12:00am
Housing finance schemes: government mulling extending more incentives

Housing finance schemes: government mulling extending more incentives

The government is working on more attractive incentives to promote housing finance schemes in Pakistan including a proposed income tax exemption/tax incentive on income earned from such projects, income tax relaxation for long term finance and reduction i
Published 26 Jan, 2015 12:00am
Housing finance schemes: government mulling extending more incentives

Housing finance schemes: government mulling extending more incentives

The government is working on more attractive incentives to promote housing finance schemes in Pakistan including a proposed income tax exemption/tax incentive on income earned from such projects, income tax relaxation for long term finance and reduction i
Published 26 Jan, 2015 12:00am
Housing finance schemes: government mulling extending more incentives

Housing finance schemes: government mulling extending more incentives

The government is working on more attractive incentives to promote housing finance schemes in Pakistan including a proposed income tax exemption/tax incentive on income earned from such projects, income tax relaxation for long term finance and reduction i
Published 26 Jan, 2015 12:00am
Housing finance schemes: government mulling extending more incentives

Housing finance schemes: government mulling extending more incentives

The government is working on more attractive incentives to promote housing finance schemes in Pakistan including a proposed income tax exemption/tax incentive on income earned from such projects, income tax relaxation for long term finance and reduction i
Published 26 Jan, 2015 12:00am
Workers in Europe''s oil hub hope for the best

Workers in Europe''s oil hub hope for the best

In the docks in Aberdeen, oil workers put a brave face on hundreds of job cuts linked to sinking crude prices while union leaders warn that the worst is yet to come. "It has happened before and it will happen again. There will probably be job losses but t
Published 26 Jan, 2015 12:00am
Workers in Europe's oil hub hope for the best

Workers in Europe's oil hub hope for the best

In the docks in Aberdeen, oil workers put a brave face on hundreds of job cuts linked to sinking crude prices while union leaders warn that the worst is yet to come. "It has happened before and it will happen again. There will probably be job losses but t
Published 26 Jan, 2015 12:00am
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