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Print - 2015-03-09
Flipping a coin: rare US coin market hits records

Flipping a coin: rare US coin market hits records

A rare five-dollar gold piece and a prized silver dollar each could fetch $10 million or more in upcoming auctions, making the American rare coin market as attractive, though not nearly as glamorous, as fine art.
Published 09 Mar, 2015 12:00am
Egypt dodges diplomatic flak over 'Sisi tapes'

Egypt dodges diplomatic flak over 'Sisi tapes'

Despite months of embarrassment for Egypt over a series of alleged leaks of sensitive remarks including about Gulf allies, President Abdel Fattah al-Sisi appears to have avoided a major diplomatic furore. The tapes, aired by Islamist television channels,
Published 09 Mar, 2015 12:00am
The two budgets: a perspective

The two budgets: a perspective

Indian Finance Minister Arun Jaitley in his budget 2015 sought to fuel growth through not only slowing the pace of the earlier targeted reduction in fiscal deficit but also through attracting foreign and domestic investment by amending the residency requi
Published 09 Mar, 2015 12:00am
Impending threat of floods

Impending threat of floods

As predicted by environmental scientists, climate change has started to manifest itself in floods, heavy rains, and heat waves in different parts of the world. A recent study report prepared by the US-based World Resources Institute - a think tank - toget
Published 09 Mar, 2015 12:00am
A big question mark on performance of economy

A big question mark on performance of economy

How ironic it is that most of the reputed economists of the country have either emigrated to greener pastures or prefer to remain mum to avoid controversies or some kind of backlash. However, Dr Hafeez Pasha, who is working in Pakistan these days, usually
Published 09 Mar, 2015 12:00am
New forum formed under PCMA

New forum formed under PCMA

A new association has been established under the banner of Pakistan Chemical Manufacturers Association (PCMA) to resolve key issues of the importers, manufacturers and suppliers of chemicals in the country.
Published 09 Mar, 2015 12:00am
Prices of kitchen items remain stable

Prices of kitchen items remain stable

Prices of important kitchen items remained stable, amid unchanged in rates of petroleum products in the current month, according to weekly survey conducted by Business Recorder here on Sunday. In a visit to wholesale market in provincial capital, i
Published 09 Mar, 2015 12:00am
Privatisation fails to boost growth, investments: ICST

Privatisation fails to boost growth, investments: ICST

Patron of Islamabad Chamber of Small Traders (ICST) Dr Shahid Rasheed Butt said on Sunday that privatisation has not achieved its objectives. Sale of government-owned assets has not resulted in reduced trade deficit, increased growth rate or improved inve
Published 09 Mar, 2015 12:00am
RCCI holds numerous events to celebrate International Women's Day

RCCI holds numerous events to celebrate International Women's Day

The Rawalpindi Chamber of Commerce and Industry (RCCI) celebrated International Women Day on Sunday in Chamber by arranging multi events to mark the Day. PML-(N) Senator Najma Hameed was the chief guest of the ceremony, while President RCCI Syed Asad Mash
Published 09 Mar, 2015 12:00am
KP police round up 188 suspects

KP police round up 188 suspects

Khyber Pakhtunkhwa Police in the ongoing search and strike operation throughout the province against criminals and anti-social elements has rounded up 188 suspects and recovered huge quantity of arms and ammunition from them. During the operation conducte
Published 09 Mar, 2015 12:00am
Upgradation of dry port: TDAP asked to utilise export development funds

Upgradation of dry port: TDAP asked to utilise export development funds

Ziaul Haq Sarhadi Vice Chairman of All Pakistan Customs' Agents Association has asked Trade Development Authority of Pakistan (TDAP) for the utilisation of the funds of Export Development Fund (EDF) on the up-gradation of existing Peshawar Dry Port and es
Published 09 Mar, 2015 12:00am
Parents of APS martyred students reject renaming of schools

Parents of APS martyred students reject renaming of schools

The parents of the martyrs and injured students of Army Public School (APS) have rejected the naming of schools after the martyrs and a so-called 'Shuhada Forum' established in this regard. Talking to this scribe, the father of a martyred student said tha
Published 09 Mar, 2015 12:00am
Hike in UFG to hit masses, plans to resolve energy crisis: PEW

Hike in UFG to hit masses, plans to resolve energy crisis: PEW

Pakistan Economy Watch (PEW) on Sunday said a move by the gas companies and Ogra to get limit of Unaccounted For Gas (UFG) losses enhanced by one hundred percent can hit the government efforts to resolve energy crisis.
Published 09 Mar, 2015 12:00am
'Custodial' death of youngster sparks protest

'Custodial' death of youngster sparks protest

A youngster was allegedly tortured to death here in Lahore police custody. Sources said that police arrested Zubair and his mother Rasheedi Bibi over charges of stealing mobile phones. In custody they were allegedly subjected to severe torture during whic
Published 09 Mar, 2015 12:00am
KP police establish three more zones of CTD

KP police establish three more zones of CTD

On the directives of Inspector General of Police Khyber Pakhtunkhwa Nasir Khan Durrani 3 more zones of Counter-Terrorism Department (CTD) have been established throughout the province with immediate effect.
Published 09 Mar, 2015 12:00am
President terms progress linked to women's empowerment

President terms progress linked to women's empowerment

President Mamnoon Hussain has said that the government was committed to protect women's rights and improve their living standard. He was addressing a function in connection with the World Women's Day in Islamabad on Sunday.
Published 09 Mar, 2015 12:00am
Hotel investors battle for yield as sector heats up

Hotel investors battle for yield as sector heats up

Investors are expected to pump more money into buying, converting or building hotels in 2015 than in any year since the start of the global financial crisis, with a focus on budget and 'buzz'. In a sector enjoying the benefits of economic recovery and gro
Published 09 Mar, 2015 12:00am
Dubai's Drydocks World floats second debt restructuring

Dubai's Drydocks World floats second debt restructuring

Dubai's Drydocks World, owner of the Middle East's largest shipyard, will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, two sources aware of the matter said on Sunday.
Published 09 Mar, 2015 12:00am
Dubai's Drydocks World floats second debt restructuring

Dubai's Drydocks World floats second debt restructuring

Dubai's Drydocks World, owner of the Middle East's largest shipyard, will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, two sources aware of the matter said on Sunday.
Published 09 Mar, 2015 12:00am
OPEC can't subsidise another energy source, says Badri

OPEC can't subsidise another energy source, says Badri

The Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General said on Sunday that its exporters could not "subsidise" shale, a source of energy whose growing output in recent years is blamed by the group for weakening oil markets. Abdulla
Published 09 Mar, 2015 12:00am
Kaisa unveils offshore debt restructuring

Kaisa unveils offshore debt restructuring

Chinese developer Kaisa Group Ltd, mired in crisis since late last year after the local government in its home base of Shenzhen blocked sales at some of its projects, is seeking to restructure its debts, according to an exchange filing in Hong Kong on Sun
Published 09 Mar, 2015 12:00am
Sudan's inflation rate 23 percent in February

Sudan's inflation rate 23 percent in February

Sudan's inflation rate was 23 percent in February, down from 24 percent in January, due to a continuing drop in food prices, the Central Statistics Office said on Sunday. Prices soared in Sudan after South Sudan seceded in 2011, taking with it three-quart
Published 09 Mar, 2015 12:00am
The Apple Watch: Is it a gadget or a fashion statement?

The Apple Watch: Is it a gadget or a fashion statement?

Apple CEO Tim Cook summed up the problem during a conversation with sales staff at a London Apple Store: "We've never sold anything as a company that people could try on before." With the expected launch next month of the Apple Watch, the company's first
Published 09 Mar, 2015 12:00am
SNB considering higher negative interest rates

SNB considering higher negative interest rates

The Swiss National Bank, battling a rise in the country's currency, could push interest rates further into negative territory if the franc moves in the "wrong direction", a Swiss newspaper reported on Sunday, citing sources close to the bank.
Published 09 Mar, 2015 12:00am
Foreign banks tighten lending rules for China state-backed firms

Foreign banks tighten lending rules for China state-backed firms

Some banks are adopting stricter lending criteria for China's state-owned enterprises (SOEs), demanding collateral from some companies they used to deem as safe as government debt, as Beijing tries to reform its bloated firms and the economy slows.
Published 09 Mar, 2015 12:00am
Egypt targets FDI worth $60 billion over four years

Egypt targets FDI worth $60 billion over four years

Egypt wants to attract foreign direct investments worth $60 billion and to get an average growth rate of 7 percent over the next four years, the country's planning minister said. Ashraf al-Arabi also said Egypt was targeting lowering unemployment - now at
Published 09 Mar, 2015 12:00am
National horse & cattle show ends

National horse & cattle show ends

Speaker National Assembly Sardar Ayaz Sadiq was the chief guest at the events of the last day of National Horse & Cattle Show here on Sunday. Provincial Minister for Finance, Excise & Taxation Mujtaba Shuja-ur-Rehman, Member National Assembly Pervaiz Mali
Published 09 Mar, 2015 12:00am
Waqar wants more balance between bat and ball in ODIs

Waqar wants more balance between bat and ball in ODIs

Pakistan coach Waqar Younis has urged the International Cricket Council and its member boards to sit down and have a rethink on balancing the 50-over format for the good of the game. In an interview to Reuters from Australia, the former test captain said
Published 09 Mar, 2015 12:00am
England on edge in last chance saloon

England on edge in last chance saloon

England face a potential banana skin when Eoin Morgan's beleaguered side play Bangladesh in a make-or-break World Cup clash in Adelaide on Monday. England lost to Bangladesh by two wickets in the last World Cup in 2011 - a match in which Morgan made 63 -
Published 09 Mar, 2015 12:00am
Jamaican Cameron re-elected WICB president

Jamaican Cameron re-elected WICB president

Embattled Jamaican Dave Cameron has staved off the challenge of former Barbadian player Joel Garner to retain the presidency of the West Indies Cricket Board on Saturday. Cameron received eight of the 12 votes on offer from affiliates in Jamaica, Guyana,
Published 09 Mar, 2015 12:00am
Matloob Ahmed wins Open Golf Championship

Matloob Ahmed wins Open Golf Championship

Matloob Ahmed of Garrison Golf Club, who managed to break the winning spell of M Shabbir, emerged as Champion in the event of the 2nd J A Zaman Memorial Open Golf Championship contested at par-72 Gymkhana Golf Course over 54 holes.
Published 09 Mar, 2015 12:00am
Aamer set for domestic return

Aamer set for domestic return

Considered among the best young bowlers in the world when he was hit with a five-year fixing ban in 2010, Pakistan pacer Mohammad Aamer embarks on the long road to redemption Monday in his return to domestic cricket.
Published 09 Mar, 2015 12:00am
Messi breaks Spanish hat-trick record as Barca go top

Messi breaks Spanish hat-trick record as Barca go top

Lionel Messi broke a Spanish hat-trick record and Luis Suarez struck twice as a rampant Barcelona took over top spot in La Liga with a 6-1 hammering of Rayo Vallecano on Sunday. Messi came alive after halftime at the Nou Camp to net his 32nd treble for Ba
Published 09 Mar, 2015 12:00am
Vettori passes 300 as New Zealand ease to win over Afghanistan

Vettori passes 300 as New Zealand ease to win over Afghanistan

Martin Guptill and Ross Taylor got some valuable time at the wicket as New Zealand did what they needed to looking ahead to the World Cup quarter-finals with a six-wicket victory over Afghanistan at McLean Park on Sunday. Guptill, who had got starts in al
Published 09 Mar, 2015 12:00am
Sangakkara joins 14,000 ODI run club

Sangakkara joins 14,000 ODI run club

Sri Lanka's Kumar Sangakkara became only the second batsman after Sachin Tendulkar to score 14,000 one-day international runs when he reached the landmark against Australia in a World Cup Pool A match in Sydney on Sunday. Left-hander Sangakkara, 37, got t
Published 09 Mar, 2015 12:00am
Maxwell ton fires Australia past Sri Lanka

Maxwell ton fires Australia past Sri Lanka

Australia stormed into the World Cup quarter-finals with a 64-run victory over Sri Lanka, fired by a spectacular maiden one-day international century from Glenn Maxwell at the Sydney Cricket Ground on Sunday.
Published 09 Mar, 2015 12:00am
India, BD and China most at risk from river floods: study

India, BD and China most at risk from river floods: study

India, Bangladesh and China are most at risk from river floods, with an increasing number of people threatened because of climate change and economic growth in low-lying regions, a study said on March 05. The US-based World Resources Institute think-tank
Published 09 Mar, 2015 12:00am
Modest coffee consumption good for the heart

Modest coffee consumption good for the heart

People who drink three to five cups of coffee a day may have a lower risk of clogged arteries that can cause serious heart problems, a study said on March 03. The South Korean research is the latest on the health effects of the popular brew, previously as
Published 09 Mar, 2015 12:00am
Origins of AIDS virus strains traced to gorillas

Origins of AIDS virus strains traced to gorillas

Two of four strains of the virus that can cause AIDS come from gorillas in south-western Cameroon, an international team of scientists reported in studies published on March 02 in the United States. The new information means that researchers now know the
Published 09 Mar, 2015 12:00am
Long-term paracetamol use poses risk: study

Long-term paracetamol use poses risk: study

Doctors may be under-estimating the risks to patients from long-term use of paracetamol, the world's most popular painkiller, researchers said on March 03. Chronic users of the drug - people who typically take large, daily doses over several years - may i
Published 09 Mar, 2015 12:00am
Gout may lessen Alzheimer risk

Gout may lessen Alzheimer risk

People who suffer from gout can take comfort in one thing: they may be less likely to develop Alzheimer's disease, researchers said on March 04. The same uric acid that can crystallise to cause gout, a form of arthritis, may protect against Alzheimer's, t
Published 09 Mar, 2015 12:00am
Slash sugar intake to fight obesity, tooth decay: WHO

Slash sugar intake to fight obesity, tooth decay: WHO

Adults and children must cut the amount of sugar they consume by as much as half in North America and Western Europe and even more in other areas to lower risk of obesity and tooth decay, the World Health Organisation said on March 04.
Published 09 Mar, 2015 12:00am
Kids too adept with your phone? Simple tricks block unplanned calls

Kids too adept with your phone? Simple tricks block unplanned calls

Every effort has been taken by phone manufacturers to make mobiles so simple that a child could use them. However, as many a parent has found after their child has grabbed the phone, punched in a few numbers and started an unwanted, expensive phone call t
Published 09 Mar, 2015 12:00am
Build-your-own Google handset reconstructs smartphone

Build-your-own Google handset reconstructs smartphone

With a smartphone that slots together piece by piece like Lego, US Internet giant Google is trying to reinvent the mobile as most phone makers are honing sleeker handsets. The company aims to challenge its rival Apple's thin iPhones with the Google Ara pr
Published 09 Mar, 2015 12:00am
Buying used laptop: Plan in costs for replacement batteries

Buying used laptop: Plan in costs for replacement batteries

There are many cost-saving arguments for buying used laptops. Even ones that are up to three years old can still pack a good deal of computing power. However, some of the money saved from not buying the item brand new needs to be set aside for secondary c
Published 09 Mar, 2015 12:00am
Old-economy sectors are now tech, too: US study

Old-economy sectors are now tech, too: US study

Forget about old economy and new economy. Everything is now part of the tech economy, a prominent US research panel said Monday. New technologies ranging from cloud computing to data analytics are transforming virtually all industries, including old-econo
Published 09 Mar, 2015 12:00am
Got a phone charger? No, just a wireless pad on a desk

Got a phone charger? No, just a wireless pad on a desk

"Got a phone charger you can lend me? No, I need the new type... Oh, forget it." To ease the stress of a dying mobile phone battery and the hassle of bundling wires into your bag, designers are hoping to make 2015 the year of the wireless charger.
Published 09 Mar, 2015 12:00am
'How to Draw' app

'How to Draw' app

There's no shortage of drawing programmes on the internet or among app marketplaces. One simple, child-friendly version is the free How to Draw for iOS and Android. Beginner doodlers get step-by-step advice on how to draw a bright Christmas tree or a frie
Published 09 Mar, 2015 12:00am
Apple to repair troubled MacBook Pros for free

Apple to repair troubled MacBook Pros for free

Owners of certain MacBook Pro devices that have a problem showing graphics can now get the issue resolved for free with Apple, the company recently announced after years of customer complaints and threats of legal action over the defect.
Published 09 Mar, 2015 12:00am
Lenovo releases programme for removing Superfish software

Lenovo releases programme for removing Superfish software

China-based Lenovo, the world's largest manufacturer of PCs, has released a programme to automatically remove Superfish, an aggressive advertising programme, from its machines. Pre-installed with Lenovo machines, Superfish shows additional ads during Goog
Published 09 Mar, 2015 12:00am
German Merck sees slight gain in 2015 core profit

German Merck sees slight gain in 2015 core profit

Germany's Merck KGaA said underlying core earnings would stagnate or grow only slightly this year as it earmarks money for the developing a new immunotherapy against cancer and amid strong competition for its multiple sclerosis drug Rebif. Rebif, Merck's
Published 09 Mar, 2015 12:00am
Abraaj sets up $200 million North Africa healthcare group

Abraaj sets up $200 million North Africa healthcare group

Private equity house Abraaj has teamed up with three financial institutions to set up North Africa Hospital Holdings Group, a $200 million healthcare group focused on Egypt and Tunisia, it said on March 02.
Published 09 Mar, 2015 12:00am
Abraaj sets up $200 million North Africa healthcare group

Abraaj sets up $200 million North Africa healthcare group

Private equity house Abraaj has teamed up with three financial institutions to set up North Africa Hospital Holdings Group, a $200 million healthcare group focused on Egypt and Tunisia, it said on March 02.
Published 09 Mar, 2015 12:00am
Scotiabank profit misses expectations

Scotiabank profit misses expectations

Bank of Nova Scotia posted a lower-than-expected quarterly profit on March 03, hurt by an increase in credit-loss provisions and higher expenses, and its shares fell 1.4 percent. The results at Scotiabank, Canada's No 3 lender, round out a mixed quarter f
Published 09 Mar, 2015 12:00am
Scotiabank profit misses expectations

Scotiabank profit misses expectations

Bank of Nova Scotia posted a lower-than-expected quarterly profit on March 03, hurt by an increase in credit-loss provisions and higher expenses, and its shares fell 1.4 percent. The results at Scotiabank, Canada's No 3 lender, round out a mixed quarter f
Published 09 Mar, 2015 12:00am
Adidas sees growth in sales, profit as golf business recovers

Adidas sees growth in sales, profit as golf business recovers

German sportswear company Adidas expects robust sales growth in 2015 as its golf business improves and consumer confidence recovers, while net profit should rise faster still despite exchange rate hits and higher marketing spending.
Published 09 Mar, 2015 12:00am
Adidas sees growth in sales, profit as golf business recovers

Adidas sees growth in sales, profit as golf business recovers

German sportswear company Adidas expects robust sales growth in 2015 as its golf business improves and consumer confidence recovers, while net profit should rise faster still despite exchange rate hits and higher marketing spending.
Published 09 Mar, 2015 12:00am
Kuwait's Americana fourth quarter net profit falls

Kuwait's Americana fourth quarter net profit falls

Kuwait Food Co (Americana), whose biggest shareholder has been in talks with several parties to sell a stake in the firm, posted a 28 percent drop in fourth-quarter net profit on March 02. The operator of restaurant franchises including KFC, made a net pr
Published 09 Mar, 2015 12:00am
Air Berlin's new CEO outlines plans for profit

Air Berlin's new CEO outlines plans for profit

Air Berlin's new chief executive announced a broad three-part turnaround programme to return Germany's second-biggest airline to operating profit next year, but provided few details of how that target would be reached. Air Berlin ran into trouble after a
Published 09 Mar, 2015 12:00am
Embraer sees profitability slipping despite stronger dollar

Embraer sees profitability slipping despite stronger dollar

Brazil's Embraer SA said on March 04 it expects operating profit margins to slip this year as the planemaker makes more of its smaller-cabin E175 regional jets, weighing on profitability despite the boost of a stronger US dollar. The weaker sales mix star
Published 09 Mar, 2015 12:00am
Pay gap widens most in North America, Asia

Pay gap widens most in North America, Asia

The pay gap between senior managers and lower-level employees has widened much more sharply in North America and Asia than in Europe since the financial crisis, a study showed on March 04. The report by Hay Group, a global management consultancy, showed t
Published 09 Mar, 2015 12:00am
Henkel offers cautious 2015 guidance on Russia concerns

Henkel offers cautious 2015 guidance on Russia concerns

German consumer goods group Henkel, which is prominent in Russia, struck a cautious note on its 2015 outlook as it expects stagnation in Eastern Europe and further pressure on the Russian economy and currency over the coming months.
Published 09 Mar, 2015 12:00am
Areva announces 4.8 billion euro loss

Areva announces 4.8 billion euro loss

French nuclear group Areva on March 04 confirmed record net losses in 2014 of 4.8 billion euros ($5.3 billion) after it was forced to absorb costs linked to project delays. The mostly state-owned company, which had forecast losses of 4.9 billion euros, sa
Published 09 Mar, 2015 12:00am
Canon prepares for more acquisitions this year: CEO

Canon prepares for more acquisitions this year: CEO

Canon Inc Chief Executive Fujio Mitarai said his company had the funds and willingness for more acquisitions this year after a planned 23.6 billion Swedish crown ($2.8 billion) takeover of network video surveillance leader Axis AB. Mitarai has been leadin
Published 09 Mar, 2015 12:00am
Sri Lanka waiting for opportune time to raise up to $1.5 billion bond

Sri Lanka waiting for opportune time to raise up to $1.5 billion bond

Sri Lanka is waiting for the right time to launch a sovereign bond of up to $1.5 billion, possibly with a longer tenure to roll over its debts in 2015, Central Bank Governor Arjuna Mahendran said on Tuesday. The island nation's last sovereign bond of $500
Published 09 Mar, 2015 12:00am
Sri Lanka waiting for opportune time to raise up to $1.5 billion bond

Sri Lanka waiting for opportune time to raise up to $1.5 billion bond

Sri Lanka is waiting for the right time to launch a sovereign bond of up to $1.5 billion, possibly with a longer tenure to roll over its debts in 2015, Central Bank Governor Arjuna Mahendran said on Tuesday. The island nation's last sovereign bond of $500
Published 09 Mar, 2015 12:00am
EBS currency trading volumes fall back in February

EBS currency trading volumes fall back in February

Foreign exchange spot volumes on the EBS platform dropped below $100 billion a day in February, down more than a quarter on the previous month as the world's biggest financial market took a breather after some huge swings in the first weeks of 2015.
Published 09 Mar, 2015 12:00am
Dutch Minister sees public listing for ABN Amro bank in second-half 2015

Dutch Minister sees public listing for ABN Amro bank in second-half 2015

The Netherlands' finance minister said on Sunday he did not expect nationalised bank ABN Amro to return to private hands until the second half of 2015. Jeroen Dijsselbloem said he would likely send to parliament a letter before the end of March recommendi
Published 09 Mar, 2015 12:00am
Egyptian pound holds steady on official market

Egyptian pound holds steady on official market

Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Sunday, while the pound also remained stable on the black market. The central bank said it offered $40 million on Sunday and sold $38.4 million at a c
Published 09 Mar, 2015 12:00am
Italy state lender CDP to offer 1 billion euros in retail bonds

Italy state lender CDP to offer 1 billion euros in retail bonds

Italy's state lender Cassa Depositi e Prestiti (CDP) said on Saturday it would offer its first retail bond to help fund public works projects. CDP will offer 1 billion euros ($1.08 billion) worth of bonds to Italian residents from March 9 to March 27, it
Published 09 Mar, 2015 12:00am
Italy state lender CDP to offer 1 billion euros in retail bonds

Italy state lender CDP to offer 1 billion euros in retail bonds

Italy's state lender Cassa Depositi e Prestiti (CDP) said on Saturday it would offer its first retail bond to help fund public works projects. CDP will offer 1 billion euros ($1.08 billion) worth of bonds to Italian residents from March 9 to March 27, it
Published 09 Mar, 2015 12:00am
China to allow unprofitable firms to go public

China to allow unprofitable firms to go public

China's top securities regulator Xiao Gang said on Thursday the country was revising its securities law to allow unprofitable companies to sell shares publicly, the official Shanghai Securities News reported on its website.
Published 09 Mar, 2015 12:00am
China to allow unprofitable firms to go public

China to allow unprofitable firms to go public

China's top securities regulator Xiao Gang said on Thursday the country was revising its securities law to allow unprofitable companies to sell shares publicly, the official Shanghai Securities News reported on its website.
Published 09 Mar, 2015 12:00am
Brazil outperforms in rough session for LatAm credits

Brazil outperforms in rough session for LatAm credits

Brazilian credits held steady Friday as the rest of the region watched spreads widen after a robust US jobs report sparked a sell-off in Treasuries and equities. The yield on 10-year US Treasuries widened by nearly 14bp on Friday to 2.245%, its highest le
Published 09 Mar, 2015 12:00am
From bond coupons to imports, strong dollar hurts Senegal: President

From bond coupons to imports, strong dollar hurts Senegal: President

Senegal's President Macky Sall said on Monday that the strong US dollar posed risks to the west African country's economy, which has already been hit by a drop in tourism due to the Ebola virus. The dollar's recent strength is pushing up the prices locals
Published 09 Mar, 2015 12:00am
From bond coupons to imports, strong dollar hurts Senegal: President

From bond coupons to imports, strong dollar hurts Senegal: President

Senegal's President Macky Sall said on Monday that the strong US dollar posed risks to the west African country's economy, which has already been hit by a drop in tourism due to the Ebola virus. The dollar's recent strength is pushing up the prices locals
Published 09 Mar, 2015 12:00am
Weaker currencies sap Asian appetite for grains, oilseeds

Weaker currencies sap Asian appetite for grains, oilseeds

Steep declines in many Asian currencies against the US dollar mean that food importers in the region are unable to reap the benefits of benchmark grain and oilseed prices that have plunged to multi-year lows in recent months on US exchanges.
Published 09 Mar, 2015 12:00am
Shenzhen-Hong Kong link to include ChiNext

Shenzhen-Hong Kong link to include ChiNext

The Shenzhen-Hong Kong stock connector scheme will include representative stocks from the main board, the small, medium-sized enterprises board and the ChiNext growth board, the general manager of the Shenzhen Stock Exchange said on Sunday.
Published 09 Mar, 2015 12:00am
Venezuela black market rate weakens below 250 bolivars per dollar

Venezuela black market rate weakens below 250 bolivars per dollar

OPEC member Venezuela's black market exchange rate weakened below 250 bolivars per dollar on Wednesday, according to a widely referenced website, as a new foreign exchange platform struggles to satiate avid demand for dollars.
Published 09 Mar, 2015 12:00am
China to implement new anti-graft law

China to implement new anti-graft law

China plans to enact specific legislation to fight corruption, the head of the country's parliament said on Sunday, as the government continues its campaign against graft. Zhang Dejiang, who is also the ruling Communist Party's third ranked leader, made t
Published 09 Mar, 2015 12:00am
UAE airlines suspend flights to Erbil on security woes

UAE airlines suspend flights to Erbil on security woes

United Arab Emirates airlines Emirates, flydubai and Etihad Airways have suspended flights to Erbil, the airlines said in separate statements on Sunday, citing security concerns as Islamic State razes ancient cities in Iraq's north.
Published 09 Mar, 2015 12:00am
UK plans airline laws to stop Britons from joining Islamic State

UK plans airline laws to stop Britons from joining Islamic State

Britain will introduce new laws on Tuesday to try to stop airlines carrying passengers who may be travelling to join Islamic State militants in Syria and Iraq, a junior minister said on Sunday. Security services estimate some 600 Britons have gone to Syri
Published 09 Mar, 2015 12:00am
Iraqi troops, militia make advances near Tikrit

Iraqi troops, militia make advances near Tikrit

Iraqi security forces and Shia militia fighting the Islamic State took control of the centre of a town on the southern outskirts of Saddam Hussein's home city Tikrit on Sunday, security officials said. Sending in more troops and fighting fierce clashes, t
Published 09 Mar, 2015 12:00am
Bill Clinton defends his charity's foreign government donors

Bill Clinton defends his charity's foreign government donors

Former US president Bill Clinton on Saturday defended donations his family's charity receives from foreign governments after renewed criticism that they would create conflicts of interest should his wife, Hillary Clinton, run for president.
Published 09 Mar, 2015 12:00am
Chad and Niger launch joint offensive against Boko Haram

Chad and Niger launch joint offensive against Boko Haram

Chad and Niger launched a joint army operation against Boko Haram militants in Nigeria on Sunday, military sources said, intensifying a regional push to try to defeat the Sunni Islamic group that has killed thousands in a six-year insurgency.
Published 09 Mar, 2015 12:00am
Protesters march in Wisconsin after black man shot dead by police

Protesters march in Wisconsin after black man shot dead by police

Demonstrators marched on Saturday to protest the police killing of a 19-year-old unarmed black man in Madison, Wisconsin, a shooting that came amid growing scrutiny of law enforcement's use of lethal force against minorities, the poor and mentally ill. Ch
Published 09 Mar, 2015 12:00am
China parliament chief says Hong Kong decision correct

China parliament chief says Hong Kong decision correct

China's parliament chief said on Sunday a ruling last year on screening candidates who want to run for election as Hong Kong's top official in 2017 was the correct one, signalling no backing down on a decision that sparked protests in the city. China has
Published 09 Mar, 2015 12:00am
Yemen's defence minister escapes Sanaa

Yemen's defence minister escapes Sanaa

Yemen's defence minister has fled Houthi-controlled Sanaa for Aden, officials said on Sunday, in a move expected to bolster President Abd-Rabbu Mansour Hadi in his power struggle with the Shia Muslim group. Yemen is caught in a stand-off between the Weste
Published 09 Mar, 2015 12:00am
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