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Print - 2015-02-01
New MD NTDC, general manager NPCC appointed

New MD NTDC, general manager NPCC appointed

The government has appointed Arshad Chaudhry as Managing Director of National Transmission and Despatch Company (NTDC), well informed sources told Business Recorder. A couple of days ago, Prime Minister Nawaz Sharif suspended Managing Director NTDC
Published 01 Feb, 2015 12:00am
Greece seeks EU allies but Germany holds firm

Greece seeks EU allies but Germany holds firm

Greece''s radical new government on Saturday began a search for European allies for its anti-austerity agenda, but German Chancellor Angela Merkel once again ruled out debt relief for Athens. Prime Minister Alexis Tsipras and his maverick Finance Minister
Published 01 Feb, 2015 12:00am
Greece seeks EU allies but Germany holds firm

Greece seeks EU allies but Germany holds firm

Greece's radical new government on Saturday began a search for European allies for its anti-austerity agenda, but German Chancellor Angela Merkel once again ruled out debt relief for Athens. Prime Minister Alexis Tsipras and his maverick Finance Minister
Published 01 Feb, 2015 12:00am
Greece seeks EU allies but Germany holds firm

Greece seeks EU allies but Germany holds firm

Greece's radical new government on Saturday began a search for European allies for its anti-austerity agenda, but German Chancellor Angela Merkel once again ruled out debt relief for Athens. Prime Minister Alexis Tsipras and his maverick Finance Minister
Published 01 Feb, 2015 12:00am
J.P Morgan to pay $99.5 million to resolve currency rigging lawsuit

J.P Morgan to pay $99.5 million to resolve currency rigging lawsuit

J.P. Morgan Chase & Co, the largest US bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. Made public on Friday nig
Published 01 Feb, 2015 12:00am
J.P Morgan to pay $99.5 million to resolve currency rigging lawsuit

J.P Morgan to pay $99.5 million to resolve currency rigging lawsuit

J.P. Morgan Chase & Co, the largest US bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. Made public on Friday nig
Published 01 Feb, 2015 12:00am
J.P Morgan to pay $99.5 million to resolve currency rigging lawsuit

J.P Morgan to pay $99.5 million to resolve currency rigging lawsuit

J.P. Morgan Chase & Co, the largest US bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. Made public on Friday nig
Published 01 Feb, 2015 12:00am
J.P Morgan to pay $99.5 million to resolve currency rigging lawsuit

J.P Morgan to pay $99.5 million to resolve currency rigging lawsuit

J.P. Morgan Chase & Co, the largest US bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. Made public on Friday nig
Published 01 Feb, 2015 12:00am
India tests long-range missile from mobile launcher

India tests long-range missile from mobile launcher

India on Saturday succeeded for the first time in using a mobile launcher to test-fire a long-range missile capable of delivering a nuclear warhead deep inside rival China. Although Saturday's launch was the third test of the Agni V missile, it was the fi
Published 01 Feb, 2015 12:00am
India tests long-range missile from mobile launcher

India tests long-range missile from mobile launcher

India on Saturday succeeded for the first time in using a mobile launcher to test-fire a long-range missile capable of delivering a nuclear warhead deep inside rival China. Although Saturday's launch was the third test of the Agni V missile, it was the fi
Published 01 Feb, 2015 12:00am
Rupee devaluation condition not accepted: Dar

Rupee devaluation condition not accepted: Dar

Finance Minister Ishaq Dar has stated the government has not accepted the International Monetary Fund (IMF) condition of currency devaluation. Speaking at a news conference on Saturday, he said that rupee value against other currencies would have been muc
Published 01 Feb, 2015 12:00am
Rupee devaluation condition not accepted: Dar

Rupee devaluation condition not accepted: Dar

Finance Minister Ishaq Dar has stated the government has not accepted the International Monetary Fund (IMF) condition of currency devaluation. Speaking at a news conference on Saturday, he said that rupee value against other currencies would have been muc
Published 01 Feb, 2015 12:00am
Rupee devaluation condition not accepted: Dar

Rupee devaluation condition not accepted: Dar

Finance Minister Ishaq Dar has stated the government has not accepted the International Monetary Fund (IMF) condition of currency devaluation. Speaking at a news conference on Saturday, he said that rupee value against other currencies would have been muc
Published 01 Feb, 2015 12:00am
NAP: MoF fails to provide funds to interior ministry

NAP: MoF fails to provide funds to interior ministry

The Finance Ministry has failed to provide funds to the Interior Ministry for implementation of National Action Plan (NAP) in spite of the passage of one month after the plan was approved by All Parties Conference (APC), it is learnt. The Ministry of Inte
Published 01 Feb, 2015 12:00am
NAP: MoF fails to provide funds to interior ministry

NAP: MoF fails to provide funds to interior ministry

The Finance Ministry has failed to provide funds to the Interior Ministry for implementation of National Action Plan (NAP) in spite of the passage of one month after the plan was approved by All Parties Conference (APC), it is learnt. The Ministry of Inte
Published 01 Feb, 2015 12:00am
NAP: MoF fails to provide funds to interior ministry

NAP: MoF fails to provide funds to interior ministry

The Finance Ministry has failed to provide funds to the Interior Ministry for implementation of National Action Plan (NAP) in spite of the passage of one month after the plan was approved by All Parties Conference (APC), it is learnt. The Ministry of Inte
Published 01 Feb, 2015 12:00am
NAP: MoF fails to provide funds to interior ministry

NAP: MoF fails to provide funds to interior ministry

The Finance Ministry has failed to provide funds to the Interior Ministry for implementation of National Action Plan (NAP) in spite of the passage of one month after the plan was approved by All Parties Conference (APC), it is learnt. The Ministry of Inte
Published 01 Feb, 2015 12:00am
Anti-terrorism efforts: Prime Minister regrets late start

Anti-terrorism efforts: Prime Minister regrets late start

Prime Minister Nawaz Sharif has said that the incidents of terrorism have strengthened his determination and resolve against lawlessness. He was addressing Elite Force passing-out at Bedian Police Training School Saturday. The Prime Minister stated that i
Published 01 Feb, 2015 12:00am
Anti-terrorism efforts: Prime Minister regrets late start

Anti-terrorism efforts: Prime Minister regrets late start

Prime Minister Nawaz Sharif has said that the incidents of terrorism have strengthened his determination and resolve against lawlessness. He was addressing Elite Force passing-out at Bedian Police Training School Saturday. The Prime Minister stated that i
Published 01 Feb, 2015 12:00am
The Weather

The Weather

The weather report on Saturday (January 31, 2015) and the forecast for Sunday (February 01, 2015).

Published 01 Feb, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 31, 2015).

Published 01 Feb, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 31, 2015).

Published 01 Feb, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 31, 2015).

Published 01 Feb, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 31, 2015)

Published 01 Feb, 2015 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 31, 2015).

Published 01 Feb, 2015 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (January 31, 2015).

Published 01 Feb, 2015 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 31, 2015).

Published 01 Feb, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 31, 2015).

Published 01 Feb, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 31, 2015).

Published 01 Feb, 2015 12:00am
THE RUPEE: modest slide

THE RUPEE: modest slide

An easier trend prevailed on the money market on Saturday as the rupee could not retain its firmness versus the dollar, dealers said. The rupee lost 10-paisa in terms of dollar for buying and selling at Rs 101.50 and Rs 101.70 respectively, they said.
Published 01 Feb, 2015 12:00am
THE RUPEE: modest slide

THE RUPEE: modest slide

An easier trend prevailed on the money market on Saturday as the rupee could not retain its firmness versus the dollar, dealers said. The rupee lost 10-paisa in terms of dollar for buying and selling at Rs 101.50 and Rs 101.70 respectively, they said.
Published 01 Feb, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 31, 2015).

Published 01 Feb, 2015 12:00am
Brazil's 2015-16 sugar output seen flat

Brazil's 2015-16 sugar output seen flat

Mills in Brazil's main center-south cane growing region will produce 32 million tonnes of sugar in the 2015/2016 crushing season, unchanged from the upwardly revised output for the current season, independent commodities analyst Datagro said on Thursday.
Published 01 Feb, 2015 12:00am
US FOB Gulf wheat basis offers flat

US FOB Gulf wheat basis offers flat

US FOB Gulf HRW wheat basis offers were unchanged with slightly lower futures on Friday as traders monitored the progress of Saudi Arabia's negotiations in its tender for 660,000 tonnes of 12.5 percent protein wheat announced Thursday. Soyabeans and corn
Published 01 Feb, 2015 12:00am
European wheat futures fall to seven-week low

European wheat futures fall to seven-week low

European wheat futures slipped to a seven-week low on Friday, staying under pressure from negative chart signals and high global supply. March milling wheat on the Parisbased Euronext market was down 1.75 euros, or 0.9 percent, at -186.00 euros a tonne by
Published 01 Feb, 2015 12:00am
Oil cake market rates

Oil cake market rates

The January vaida was lower while the March contract was unchanged on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The January contract closed at Rs 1567.30 on Wednesday and it opened with 20 paisa loss in the
Published 01 Feb, 2015 12:00am
Cotton market: Ginners set on way to raise asking prices

Cotton market: Ginners set on way to raise asking prices

Renewed buying by mills and spinners propelled the ginners to raise asking prices in the process of trading, dealers said on the cotton market on Saturday. The official spot rate was unchanged at Rs 4700, dealers said. In the ready session, trading activi
Published 01 Feb, 2015 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday, halting a five-day skid, and finishing with a small monthly gain. Weakness in the Canadian dollar may have attracted exporter buying, and stronger soyaoil prices were also supportive, a trader said.
Published 01 Feb, 2015 12:00am
US Midwest corn, soya bids mostly steady

US Midwest corn, soya bids mostly steady

Spot basis bids for corn and soyabeans were mostly steady at processors and elevators around the US Midwest on Friday in quiet trade, dealers said. Grain buyers characterised trade as quiet with few farmers interested in selling grain or soya. Most stayed
Published 01 Feb, 2015 12:00am
Soyameal prices weaker on European feed market

Soyameal prices weaker on European feed market

Soyameal prices on the European animal feed market were generally weak on Friday, with prospects of a bumper South American soyabean crop weighing them down, traders said.
Published 01 Feb, 2015 12:00am
Moong rates up on grain market

Moong rates up on grain market

Moong prices higher on the local grain market on Saturday in the process of modest trading, dealers said. On the cereals side, Moong Punjab gained Rs 175 to Rs 12500, Gur drifted lower by Rs 500 to Rs 5500 and Rs 6000, Moong Afghan picked up Rs 225 to Rs
Published 01 Feb, 2015 12:00am
Palm oil prices edge up on European vegoils market

Palm oil prices edge up on European vegoils market

Palm oil prices were slightly higher on the European vegetable oil market on Friday as the market recovered some ground after a sharp setback earlier in the week Dealers noted the trend was in line with the Malaysian futures market where prices bounced of
Published 01 Feb, 2015 12:00am
Indian oilseeds, soyaoil, chickpeas rise; spices fall

Indian oilseeds, soyaoil, chickpeas rise; spices fall

Indian oilseeds and soyaoil futures rose on Friday following firm cues from the international market while lesser area under rapeseed cultivation was supporting sentiment. Malaysian palm oil futures bounced back from their lowest since mid-December on Fri
Published 01 Feb, 2015 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Chicago Board of Trade wheat futures fell on Friday, dipping below $5 a bushel for the first time in three months on end-of-month fund selling amid ample world supplies, traders said. A rising dollar added pressure, making US grains less attractive on the
Published 01 Feb, 2015 12:00am
Asian coffee sales limited by thin demand

Asian coffee sales limited by thin demand

Asian markets saw limited coffee trading this week as lower global prices discouraged growers in top robusta producer Vietnam from selling and supplies in Indonesia remained limited, traders said on Thursday. Thin demand from roasters has also curbed the
Published 01 Feb, 2015 12:00am
US natural gas futures fall

US natural gas futures fall

US natural gas futures lost a few cents on Friday after falling to a fresh 2012 low on expectations for continued near-record production despite forecasts for more cold over the next two weeks. Front-month gas futures on the NYMEX closed down 2.8 cents at
Published 01 Feb, 2015 12:00am
Australian wheat prices fall on weak demand

Australian wheat prices fall on weak demand

Australian wheat prices took a hit this week because of weak demand and falling global prices, which will make it difficult for India to export some of its burdensome stocks, traders said. Australian prime wheat was quoted at $272 a tonne into Southeast A
Published 01 Feb, 2015 12:00am
India's raw sugar exports may halve on export incentive delay

India's raw sugar exports may halve on export incentive delay

India's raw sugar exports could halve this year as mills wait for the government to give the go-ahead for an increased production subsidy, traders said, potentially supporting depressed global prices. India exported more than 1 million tonnes of raw sugar
Published 01 Feb, 2015 12:00am
Wheat for Egypt stuck at Russian ports ahead of export tax launch

Wheat for Egypt stuck at Russian ports ahead of export tax launch

Several vessels loading tens of thousands of tonnes of wheat for the state buyer of Egypt, the world's largest wheat importer, are stuck in Russia's Black Sea ports ahead of the launch of an export tax in Moscow, trade sources said. After the rouble's slu
Published 01 Feb, 2015 12:00am
Rice prices weak ahead of Thai tender, Vietnamese harvest

Rice prices weak ahead of Thai tender, Vietnamese harvest

Trading in Asia's main rice markets was almost at a standstill this week, with prices falling to 15-month lows in Vietnam ahead of the country's main harvest and traders watching out for a big tender of grain from government stockpiles in Thailand. Thaila
Published 01 Feb, 2015 12:00am
Metals poll shows even the losers can be winners

Metals poll shows even the losers can be winners

Copper emerges as the apparent bear stand-out in the latest Reuters poll of base metals analysts. What was once the darling of the investment community is the only metal expected to average a lower price both this year and next year relative to 2014. Even
Published 01 Feb, 2015 12:00am
Scant relief seen for commodities from European monetary easing

Scant relief seen for commodities from European monetary easing

Beaten down commodities prices are unlikely to get much relief from an expected 1 trillion euros of monetary stimulus in Europe, as the plan is very different from the US version several years ago that gave raw materials a huge boost. The European Central
Published 01 Feb, 2015 12:00am
Cotton futures ease on profit-taking after week's gains

Cotton futures ease on profit-taking after week's gains

Cotton futures eased on Friday, giving back a sliver of the week's gains on profit-taking and book-squaring at the month's end. The most-active December cotton contract on ICE Futures US closed down 0.21 cent, or 0.4 percent, at 59.36 cents a lb. The US d
Published 01 Feb, 2015 12:00am
Palladium to outperform in 2015

Palladium to outperform in 2015

Palladium is poised to outperform again in 2015, with prices seen rising six percent even as the wider precious metals complex struggles, a Reuters survey showed on Tuesday. Palladium's sister metal platinum is facing a third year of losses, however. Resp
Published 01 Feb, 2015 12:00am
Euronext looks at other commodity markets after dairy revamp

Euronext looks at other commodity markets after dairy revamp

Exchange operator Euronext is looking at sugar, biofuels and metals as potential markets as it expands in commodities following an overhaul of its dairy derivatives, it said on Tuesday. Euronext, which has commodity contracts covering cereal and oilseed p
Published 01 Feb, 2015 12:00am
Harmattan wind worries Ivory Coast cocoa farmers

Harmattan wind worries Ivory Coast cocoa farmers

Farmers in most of Ivory Coast's main cocoa growing regions reported an intensification of the Harmattan weather phenomenon over the past week, raising concerns that its effects were damaging trees and could reduce the size of this season's crop. The 2014
Published 01 Feb, 2015 12:00am
New York gold rallies to best month in three years

New York gold rallies to best month in three years

Gold rebounded from a two-day loss on Friday as a sharp slowing in US fourth-quarter economic growth boosted the precious metal's safe-haven value, helping it post its best monthly gain in three years in January. A powerful rally in oil prices late on Fri
Published 01 Feb, 2015 12:00am
Oil strikes lowest level since 2009; gold loses sparkle

Oil strikes lowest level since 2009; gold loses sparkle

World oil prices tumbled close to six-year lows this week, as record-high US crude inventories deepened worries over the global supply glut. In another blow, official data showed Friday that the US economy slowed sharply in the fourth quarter of 2014, spa
Published 01 Feb, 2015 12:00am
AT&T top buyer at US airwaves auction; Dish spends big

AT&T top buyer at US airwaves auction; Dish spends big

AT&T Inc spent close to half the total in the record-setting US sale of airwaves for mobile data, with Dish Network Corp spending heavily to manage a surprise win at No 2 ahead of Verizon, results showed on Friday. AT&T bid a total of $18.2 billion to win
Published 01 Feb, 2015 12:00am
Lavish freebies from Saudi king to buoy economy, markets

Lavish freebies from Saudi king to buoy economy, markets

A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices. On Thursday, Salma
Published 01 Feb, 2015 12:00am
GM and China's SAIC to push into Indonesia with no-frills vans

GM and China's SAIC to push into Indonesia with no-frills vans

General Motors and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia's biggest market and from there tackle other markets in the region. They have
Published 01 Feb, 2015 12:00am
US must target currency manipulation in trade deals

US must target currency manipulation in trade deals

The Obama administration must insist that US trading partners pledge not to manipulate currencies when negotiating trade deals, the Senate Committee on Finance chairman said on Friday. In a speech laying out his conditions for supporting trade deals, Repu
Published 01 Feb, 2015 12:00am
US must target currency manipulation in trade deals

US must target currency manipulation in trade deals

The Obama administration must insist that US trading partners pledge not to manipulate currencies when negotiating trade deals, the Senate Committee on Finance chairman said on Friday. In a speech laying out his conditions for supporting trade deals, Repu
Published 01 Feb, 2015 12:00am
Outages cut Norway's gas output

Outages cut Norway's gas output

Natural gas output from Western Europe's top gas supplier, Norway, is expected to be cut by 55 million cubic metres (mcm) per day on Saturday, less than the previous day, data from gas system operator Gassco showed. Outages at the country's gas processing
Published 01 Feb, 2015 12:00am
Panasonic withdraws from TV production in China

Panasonic withdraws from TV production in China

Panasonic Corp has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said on Saturday, the latest in a string of Japanese electronics companies exiting overseas TV markets amid strong pricing pressure. The
Published 01 Feb, 2015 12:00am
US regulators recall 2.1 million vehicles in new air bag issue

US regulators recall 2.1 million vehicles in new air bag issue

The auto industry's airbag troubles deepened on Saturday, as federal regulators said three big automakers will recall about 2.1 million older vehicles to fix defects that could cause airbags to deploy when they are not supposed to. Toyota Motor Corp, Fiat
Published 01 Feb, 2015 12:00am
IBM brings back bonuses for top executives even as profits slide

IBM brings back bonuses for top executives even as profits slide

International Business Machines Corp brought back annual performance bonuses for its chief executive and her top lieutenants for 2014 despite falling profits and a tumbling stock price, a regulatory filing showed on Friday. The technology company, which h
Published 01 Feb, 2015 12:00am
IBM brings back bonuses for top executives even as profits slide

IBM brings back bonuses for top executives even as profits slide

International Business Machines Corp brought back annual performance bonuses for its chief executive and her top lieutenants for 2014 despite falling profits and a tumbling stock price, a regulatory filing showed on Friday. The technology company, which h
Published 01 Feb, 2015 12:00am
California truckers win $2 million in wage theft suit

California truckers win $2 million in wage theft suit

Seven Los Angeles-area truckers have won a $2 million claim against an international shipping company accused of stealing their wages by improperly classifying them as independent contractors and charging them to lease its trucks to drive. In a decision w
Published 01 Feb, 2015 12:00am
BMW, Bosch join Deutsche Bahn in airline cartel damages claim

BMW, Bosch join Deutsche Bahn in airline cartel damages claim

German carmaker BMW and car supplier Bosch said on Saturday they would join Deutsche Bahn in two claims for about 2.1 billion euros ($2.4 billion) in damages from air freight carriers who were involved in a cartel. The air cargo cartel, which included Eur
Published 01 Feb, 2015 12:00am
China home prices break falling streak in January

China home prices break falling streak in January

China's housing prices rose in January for the first time in nine months, a survey showed Saturday, breaking a decline that has weighed on growth in the world's second-largest economy. The average price of a new home in China's 100 major cities rose 0.21
Published 01 Feb, 2015 12:00am
Australia state election bodes ill for Abbott government

Australia state election bodes ill for Abbott government

Australia's opposition Labour party pulled off a huge electoral turnaround in a key state on Saturday, positioning it to oust the ruling Liberal-National party in a voter backlash that threatens the future of Prime Minister Tony Abbott. With 70 percent of
Published 01 Feb, 2015 12:00am
AirAsia captain left seat before jet lost control

AirAsia captain left seat before jet lost control

The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unusual procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the
Published 01 Feb, 2015 12:00am
Pentagon to use war budget to ease pain of defense cuts: analysts

Pentagon to use war budget to ease pain of defense cuts: analysts

The 2016 US defense budget being released on Monday will continue a recent trend of shifting funds from the Pentagon base budget to its supplemental war-funding request, fuelling criticism of the account's use to offset spending caps, defense analysts say
Published 01 Feb, 2015 12:00am
Bahrain revokes nationality of 72 on security grounds

Bahrain revokes nationality of 72 on security grounds

The Bahraini government has revoked the nationality of 72 citizens for damaging national security, the state news agency BNA reported on Saturday. A list published on the agency's website included names of well-known Sunni and Shia Muslim families, sugges
Published 01 Feb, 2015 12:00am
Union issues strike notices to US refineries

Union issues strike notices to US refineries

The United Steelworkers union (USW) issued notices of a possible strike to several US refineries on Friday night as the current contract was set to expire at 12:01 am on Sunday, sources familiar with the notices said. KFDM-TV in Beaumont, Texas, reported
Published 01 Feb, 2015 12:00am
Union issues strike notices to US refineries

Union issues strike notices to US refineries

The United Steelworkers union (USW) issued notices of a possible strike to several US refineries on Friday night as the current contract was set to expire at 12:01 am on Sunday, sources familiar with the notices said. KFDM-TV in Beaumont, Texas, reported
Published 01 Feb, 2015 12:00am
Macedonian opposition leader charged with plot to seize power

Macedonian opposition leader charged with plot to seize power

Macedonia's chief opposition leader was charged by police on Saturday with conspiring with a foreign intelligence service to topple the government. Zoran Zaev, leader of the Social Democrats, denied the charges, saying authorities were trying in vain to p
Published 01 Feb, 2015 12:00am
Alibaba meets with China regulator, controversial report retracted

Alibaba meets with China regulator, controversial report retracted

The head of China's commerce regulator met with Alibaba Group Holding Ltd chairman Jack Ma on Friday to discuss combating fake products, the official Xinhua news agency reported, with the two adopting a conciliatory tone after a row over illegal business
Published 01 Feb, 2015 12:00am
Germany's von Weizsaecker, president at unification, dies

Germany's von Weizsaecker, president at unification, dies

Former president Richard von Weizsaecker, who challenged German attitudes about the Holocaust by arguing that the country had been liberated by the Nazi defeat in 1945, died on Saturday at the age of 94, the current president's office said. A member of on
Published 01 Feb, 2015 12:00am
Anti-euro German AfD party aims to end leadership dispute

Anti-euro German AfD party aims to end leadership dispute

The founder of the eurosceptic Alternative for Germany party that has been siphoning votes from Angela Merkel's conservatives urged an AfD congress on Saturday to stop making itself look foolish and choose a single leader. Bernd Lucke told 1,700 delegates
Published 01 Feb, 2015 12:00am
China's regulator launches new probe into stock market margin trading

China's regulator launches new probe into stock market margin trading

China's stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the ban
Published 01 Feb, 2015 12:00am
Denmark halts bond issues in surprise move to keep crown stable

Denmark halts bond issues in surprise move to keep crown stable

Denmark has temporarily stopped selling new bonds to investors, it said on Friday, shocking a currency market still reeling from the Swiss central bank's decision to stop limiting the franc's value against the euro. But while unexpected and unconventional
Published 01 Feb, 2015 12:00am
Denmark halts bond issues in surprise move to keep crown stable

Denmark halts bond issues in surprise move to keep crown stable

Denmark has temporarily stopped selling new bonds to investors, it said on Friday, shocking a currency market still reeling from the Swiss central bank's decision to stop limiting the franc's value against the euro. But while unexpected and unconventional
Published 01 Feb, 2015 12:00am
Belarus pays off $43.75 million coupon on five-year Eurobond

Belarus pays off $43.75 million coupon on five-year Eurobond

Belarus said on Friday it had paid a coupon on its five-year Eurobond, moving to calm markets after President Alexander Lukashenko spoke of a possible sovereign debt restructuring this year. The finance ministry said it has paid off a $43.75 million coupo
Published 01 Feb, 2015 12:00am
Belarus pays off $43.75 million coupon on five-year Eurobond

Belarus pays off $43.75 million coupon on five-year Eurobond

Belarus said on Friday it had paid a coupon on its five-year Eurobond, moving to calm markets after President Alexander Lukashenko spoke of a possible sovereign debt restructuring this year. The finance ministry said it has paid off a $43.75 million coupo
Published 01 Feb, 2015 12:00am
TSX rises as oil and gold shares rally

TSX rises as oil and gold shares rally

Canada's main stock index edged higher on Friday as a jump in oil and bullion prices pushed up gold-mining and energy shares, overcoming a decline in financial stocks following sluggish US economic data. US economic growth slowed in the fourth quarter, fo
Published 01 Feb, 2015 12:00am
Treasury prices jump on GDP growth wobble

Treasury prices jump on GDP growth wobble

US Treasury debt prices jumped on Friday, with long-term yields hitting record lows after slower-than-anticipated economic growth fuelled speculation that the Federal Reserve will delay interest rate hikes. Friday's gains added to a 2015 rally that put th
Published 01 Feb, 2015 12:00am
Treasury prices jump on GDP growth wobble

Treasury prices jump on GDP growth wobble

US Treasury debt prices jumped on Friday, with long-term yields hitting record lows after slower-than-anticipated economic growth fuelled speculation that the Federal Reserve will delay interest rate hikes. Friday's gains added to a 2015 rally that put th
Published 01 Feb, 2015 12:00am
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