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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-03-25
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 24, 2015).
Published 25 Mar, 2015 12:00am
CASA-1000: MA and PPAs to be inked next month

CASA-1000: MA and PPAs to be inked next month

Master Agreement (MA) and Power Purchase Agreements (PPAs) of multi-nation Central Asia -South Asia Electricity Transmission and Trade Project (CASA-1000) are expected to be inked by the end of next month, well-informed sources told Business Recorder.<
Published 25 Mar, 2015 12:00am
CASA-1000: MA and PPAs to be inked next month

CASA-1000: MA and PPAs to be inked next month

Master Agreement (MA) and Power Purchase Agreements (PPAs) of multi-nation Central Asia -South Asia Electricity Transmission and Trade Project (CASA-1000) are expected to be inked by the end of next month, well-informed sources told Business Recorder.<
Published 25 Mar, 2015 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (March 24, 2015).

Published 25 Mar, 2015 12:00am
CASA-1000: MA and PPAs to be inked next month

CASA-1000: MA and PPAs to be inked next month

Master Agreement (MA) and Power Purchase Agreements (PPAs) of multi-nation Central Asia -South Asia Electricity Transmission and Trade Project (CASA-1000) are expected to be inked by the end of next month, well-informed sources told Business Recorder.<
Published 25 Mar, 2015 12:00am
Nisar hints at tightening vice on MQM

Nisar hints at tightening vice on MQM

Interior Minister Chaudhry Nisar Ali Khan on Tuesday said he had only discussed registration of an FIR against Muttahida Qaumi Movement (MQM) Chief Altaf Hussain with the UK high commissioner and that he did not hand over any dossier about Altaf Hussain t
Published 25 Mar, 2015 12:00am
Nisar hints at tightening vice on MQM

Nisar hints at tightening vice on MQM

Interior Minister Chaudhry Nisar Ali Khan on Tuesday said he had only discussed registration of an FIR against Muttahida Qaumi Movement (MQM) Chief Altaf Hussain with the UK high commissioner and that he did not hand over any dossier about Altaf Hussain t
Published 25 Mar, 2015 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (March 24, 2015).

Published 25 Mar, 2015 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (March 24, 2015).

Published 25 Mar, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (March 24, 2015).

Published 25 Mar, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 25 Mar, 2015 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 25 Mar, 2015 12:00am
Ashkot HPP

Ashkot HPP

The Ashkot Hydropower Project was identified as a raw site on the Neelum River near the village of Ashkot, some 75 Km from Muzaffarabad capital of AJ&K. The Project is owned by a SPV Ashkot Energy (Pvt) Limited and being developed by the Laraib Group, the
Published 25 Mar, 2015 12:00am
Chakothi HPP

Chakothi HPP

The 500 MW Chakothi Hattian HPP is being developed in the private sector under the GOP 2002 Power Policy. The Project is situated at the upper reaches of the Jhelum River in AJ&K along a 20 KM stretch of the Valley from Chakothi to Haitian Bala fully acce
Published 25 Mar, 2015 12:00am
Azad Pattan HPP

Azad Pattan HPP

The 640 MW Azad Pattan Hydropower Project is located on the Jhelum River about 7 km upstream of Azad Pattan Bridge and some 90 km from Islamabad. Azad Pattan Power Private Limited is the owner and developer of the Project. The Project is being developed b
Published 25 Mar, 2015 12:00am
Sehra HPP

Sehra HPP

The Sehra Hydropower project is located on the Punch River, upstream of the confluence of the Mendla Nullah with the Punch River in the AJ&K approx. 65km from the Mangla Dam.
Published 25 Mar, 2015 12:00am
Suki Kinari HPP

Suki Kinari HPP

Suki Kinari Hydropower Project (SKHPP) is a Run-of-the-River project located in Kaghan Valley, District Mansehra at a Distance of 265 Km from the Islamabad. Several Feasibility studies on SKHPP were conducted by Montreal Engineering (1984), NESPAK (1992)
Published 25 Mar, 2015 12:00am
Karot, Kohala & MahI HPP

Karot, Kohala & MahI HPP

The China Three Gorges Corporation (CTG) is the owner of the Three Gorges Dam and power generating facilities built on the Yangtze River in China having power generation capacity of 22,500MW and this is the largest hydropower scheme in the world. Total in
Published 25 Mar, 2015 12:00am
Gulpur HPP

Gulpur HPP

Mira Power Limited, subsidiary of Korea South-East Power Co. Ltd: ("KOSEP"), is owner and developer of Gulpur HPP. KOSEP owns and operates about 10,000 MW generation capacity worldwide and has an asset base of USD 9 billion. The 102 MW Gulpur Hydropower P
Published 25 Mar, 2015 12:00am
Patrind HPP

Patrind HPP

147MW Patrind Hydropower Project is being developed by Star Hydro Power Limited (SHPL), a subsidiary of K-Water and Daewoo Engineering & Construction Company. The Project is under construction and shall start generating electricity in the first quarter of
Published 25 Mar, 2015 12:00am
New Bong Escape HPP

New Bong Escape HPP

The 84 MW New Bong Hydropower Project owned by Laraib Energy Ltd. is a subsidiary of the Hub Power Company. The Project achieved COD on 23 March 2013 and is the 1st independent hydel power producer of Pakistan and AJ&K paving the way for a fast expanding
Published 25 Mar, 2015 12:00am
Message from DG AJ&K PPC

Message from DG AJ&K PPC

The Azad State of Jammu & Kashmir is blessed with over 6000MW of hydropower resources. The first major project developed in the sixties was the 1000MW Mangla dam and reservoir which is generating between 4-5 billion units (kWh) per annum and has a reservo
Published 25 Mar, 2015 12:00am
Message from CEO PEDO

Message from CEO PEDO

Allah has bestowed the nation and more specifically province of KP with huge water resources. If this abundantly available resource is utilized effectively for power generation, the whole nation would have access to the cheapest form of power and there wi
Published 25 Mar, 2015 12:00am
Message from MD PPIB

Message from MD PPIB

I feel immense pleasure to see the completion of two years of reliable supply of clean and cheap electricity to the national grid by 84 MW New Bong Escape Hydropower Project (NBE HPP) located at Mirpur. Azad Jammu & Kashmir by Laraib Energy Limited. New
Published 25 Mar, 2015 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

I congratulate the development initiative taken by these projects. My Government is dedicated to support the development of the Country's Hydropower Resources to provides energy security and cheaper electricity to the people of Pakistan.
Published 25 Mar, 2015 12:00am
PYMA hails reduction in mark-up rate

PYMA hails reduction in mark-up rate

Pakistan Yarn Merchants Association (PYMA) has hailed the 50 basis point cut in markup rate announced by the State Bank of Pakistan and termed it as realistic and pragmatic. PYMA central chairman Qaisar Shamas Guccha, Zonal Chairman Muhammad Akram Pasha,
Published 25 Mar, 2015 12:00am
How does CPJ look at Lee's legacy?

How does CPJ look at Lee's legacy?

What to make of Singapore's first and former Prime Minister Lee Kuan Yew, who died Monday morning in the city-state? Under the banner of the People's Action Party, Lee held government power for three decades. After stepping away from the prime minister's
Published 25 Mar, 2015 12:00am
Service Industries Limited

Service Industries Limited

The history of "Servis" traces back to more than sixty years from now when three gentlemen pioneered it as a small scale business in Pakistan. At that time, it was involved only in the manufacturing of handbags and some other sports goods. From there, the
Published 25 Mar, 2015 12:00am
Service Industries Limited

Service Industries Limited

The history of "Servis" traces back to more than sixty years from now when three gentlemen pioneered it as a small scale business in Pakistan. At that time, it was involved only in the manufacturing of handbags and some other sports goods. From there, the
Published 25 Mar, 2015 12:00am
Criticality of peace in coutry's financial economic hub

Criticality of peace in coutry's financial economic hub

Talking to the members of business community at the Sialkot Chamber of Commerce and Industry, the Prime Minister reportedly said the Karachi operation would be taken to its logical conclusion.
Published 25 Mar, 2015 12:00am
Yemen leader musters forces as militia foes advance

Yemen leader musters forces as militia foes advance

Forces loyal to Yemen's president are scrambling to enlist thousands of troops to resist an expected attack on his southern stronghold by militiamen who have seized swathes of the country.
Published 25 Mar, 2015 12:00am
Out-of-school children: Nigeria's ticking time bomb

Out-of-school children: Nigeria's ticking time bomb

Bello Shehu is 12 years old. Under a scorching sun, he sells sachets of purified water to motorists caught in traffic jams in northern Nigeria's largest city, Kano. "My family is poor and I have to vend water to assist," said Shehu, who has four siblings,
Published 25 Mar, 2015 12:00am
Economy and economy alone

Economy and economy alone

By now all the emerging countries have well understood that it is the economy and economy alone, which guarantees people social and political freedom leading to better education, healthcare, prosperity, national sovereignty and a respectable position in t
Published 25 Mar, 2015 12:00am
At long last PTI- PML (N) accord!

At long last PTI- PML (N) accord!

The PTI's resort to ceaseless protests during the last several months to have the government agree to the formation of an inquiry commission to investigate alleged electoral rigging have finally borne fruit. Leaders from both the government and the PTI an
Published 25 Mar, 2015 12:00am
China's AIIB challenge

China's AIIB challenge

The rise of China as a major economic power was bound to change the global financial scene. Finding not enough clout in the Bretton Woods institutions proportionate to its present economic strength, China launched the establishment of a new international
Published 25 Mar, 2015 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures fell on Tuesday as a weak technical outlook, a stronger ringgit and worries about lacklustre demand from major buyers stopped the contract from adding to the previous session's gains. By the close, the benchmark June contract on
Published 25 Mar, 2015 12:00am
Cotton dips ahead of ginning report; dollar weighs

Cotton dips ahead of ginning report; dollar weighs

ICE cotton edged lower on Tuesday ahead of a US government report expected on Wednesday that traders said could suggest an increase in production, and on the impact of a modest recovery in the dollar. The front-month May cotton contract on ICE Futures US
Published 25 Mar, 2015 12:00am
Shanghai copper eases

Shanghai copper eases

The most-traded June copper contract on the Shanghai Futures Exchange also struck its highest since early January before easing to 43,910 yuan ($7,072) a tonne on Tuesday, still up 1.5 percent. Activity in China's factory sector dipped to an 11-month low
Published 25 Mar, 2015 12:00am
Copper slips from 2-1/2 months high

Copper slips from 2-1/2 months high

Copper retreated from a 2-1/2 months high on concerns about Chinese demand after weak factory data in the top metals consumer and following a rise in inventories. Three-month copper on the London Metal Exchange closed up 0.4 percent to $6,145 a tonne afte
Published 25 Mar, 2015 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures rose for a second session on Tuesday, hitting their highest in nearly three weeks on the back of a recent weakness in the dollar against the euro, though the gains were capped by a decline in China's factory sector activity
Published 25 Mar, 2015 12:00am
Soya, corn and wheat rise

Soya, corn and wheat rise

US soyabean, corn and wheat futures climbed 1 percent or more on Monday, extending gains from late last week as the dollar weakened and investors covered short positions. Dry weather in Russia and southern US Plains growing areas also underpinned wheat pr
Published 25 Mar, 2015 12:00am
Raw sugar falls to six-year low

Raw sugar falls to six-year low

Raw sugar and arabica futures fell in heavy volume on ICE on Tuesday, with sugar hitting a six-year low, hurt by renewed weakness in Brazil's currency, while cocoa turned higher on a flurry of late-day buy orders. Brazil's currency, the real, strengthened
Published 25 Mar, 2015 12:00am
Brent slides, US crude holds flat

Brent slides, US crude holds flat

Brent crude oil fell on Tuesday as the dollar regained its footing against the euro and fears of global oversupply persisted, while US crude was buoyed by strong domestic economic data. The fall in Brent came after the dollar reversed early losses to rise
Published 25 Mar, 2015 12:00am
Gold up in New York

Gold up in New York

Gold firmed for the fourth straight session on Monday to its highest in more than two weeks, as the dollar extended losses and expectations rose that the Federal Reserve will hold off until at least September to raise interest rates.
Published 25 Mar, 2015 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold held firm near a two-week high on Tuesday, retaining gains from a four-day rally, as expectations grew that a hike in US interest rates could be pushed to September. Spot gold was little changed at $1,187.46 an ounce by 0706 GMT. The metal had climbe
Published 25 Mar, 2015 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied below a 2-1/2 week high on Tuesday, heading for its fifth session of gains on growing expectations that a US interest rate increase could be pushed to September. Spot gold climbed to its highest level since March 6 at $1,195.30 an ounce befo
Published 25 Mar, 2015 12:00am
US MIDDAY: wheat tumbles

US MIDDAY: wheat tumbles

US wheat tumbled as much as 2 percent on Tuesday as investors took profits after the previous session's five-week high and extended weather outlooks showed the possibility of crop-friendly rains in the United States and Russia.
Published 25 Mar, 2015 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose to a 2-1/2 week high early on Tuesday, rising for the fifth straight session on growing expectations that a US interest rate increase could be pushed to September. Spot gold climbed to its highest level since March 6 at $1,195.30 an ounce before
Published 25 Mar, 2015 12:00am
Japanese CG visits Quetta

Japanese CG visits Quetta

The Consul General of Japan in Karachi, Akira Ouchi made an official visit to Quetta, Balochistan during the last week. It was his second official visit to Quetta, since April 2014. During the visit Consul-General Ouchi met senior provincial government of
Published 25 Mar, 2015 12:00am
AGP's absence cited: PAC puts off meeting on Kashmir, G-B affairs

AGP's absence cited: PAC puts off meeting on Kashmir, G-B affairs

The Public Accounts Committee (PAC) Tuesday postponed its meeting on Kashmir and Gilgit-Baltistan affairs at the eleventh hour for unknown reasons. Sources said the reason may be absence of Auditor General of Pakistan (AGP) Akhtar Buland Rana. The PAC had
Published 25 Mar, 2015 12:00am
Shell expands non-fuel retail network with McDonald

Shell expands non-fuel retail network with McDonald

Shell Pakistan is expanding its non-fuel retail capabilities by leveraging its partnership with McDonald's. The two major brands announced that several McDonald's drive-thru outlets will be built at selected Shell fuel stations across the country.
Published 25 Mar, 2015 12:00am
Visa to invest in Dubai innovation centre

Visa to invest in Dubai innovation centre

Visa announced on Tuesday that it will invest in an innovation centre in Dubai, UAE. Dubai is Visa's regional headquarters for Central and Eastern Europe, Middle East and Africa (CEMEA).
Published 25 Mar, 2015 12:00am
Microsoft recognises youth under MIC initiative

Microsoft recognises youth under MIC initiative

Microsoft Pakistan has set yet another example of nurturing local talent from all corners of the country. The company, under its Microsoft Innovation Centre (MIC) initiative, has enrolled and trained over 50 students from remote regions of the country.
Published 25 Mar, 2015 12:00am
SECP enhances disclosure requirements for companies

SECP enhances disclosure requirements for companies

The Securities and Exchange Commission of Pakistan (SECP) has enhanced the disclosure requirements for companies, offering right shares. As per new disclosure policy, the companies would have to provide detailed and all-encompassing disclosures to their p
Published 25 Mar, 2015 12:00am
CDA fails to remove security barriers from various roads

CDA fails to remove security barriers from various roads

The Capital Development Authority (CDA) has not been able to remove security barriers as per the Supreme Court directives, from different roads, erected by the management of some five stars hotels, embassies and diplomatic missions on state land, citing s
Published 25 Mar, 2015 12:00am
Local car companies are still assemblers, claims APDMA

Local car companies are still assemblers, claims APDMA

All Pakistan Motor Dealers Association (APDMA) has accused PAAPAM and PAMA of misguiding the government on auto sector, arguing that local car companies are still assemblers and vendors are making the same parts that were manufactured 50 years ago.
Published 25 Mar, 2015 12:00am
Friends united as Wahab, Watson call truce

Friends united as Wahab, Watson call truce

Pakistan fast bowler Wahab Riaz and Australian all-rounder Shane Watson called a truce on Tuesday after their compelling World Cup quarter-final tussle. Wahab won widespread plaudits for a fierce spell of fast bowling which forced Watson to duck into and
Published 25 Mar, 2015 12:00am
De Villiers takes blame for South Africa blunder show

De Villiers takes blame for South Africa blunder show

Distraught South Africa captain AB de Villiers laid the blame for the World Cup semi-final loss to New Zealand on a string of costly errors led by his own failure to run out Corey Anderson. Anderson was on 33 at the time and scored a further 25 in a 103-r
Published 25 Mar, 2015 12:00am
Wahab invites Brian Lara to visit Pakistan

Wahab invites Brian Lara to visit Pakistan

Pacer Wahab Riaz who showed his class in bowling during the Cricket World Cup 2015 quarter-final against Australia in Adelaide has invited cricket legend Brian Lara to visit Pakistan. Brian Lara who deeply impressed with Wahab's bowling against Australia
Published 25 Mar, 2015 12:00am
Waqar fears 'death' of Pakistan cricket

Waqar fears 'death' of Pakistan cricket

Waqar Younis warned Tuesday that cricket could die out in Pakistan if rival teams continue to boycott the country where international tours have not taken place since 2009. There has been no international cricket in Pakistan since the militant attacks on
Published 25 Mar, 2015 12:00am
Misbah confirms retirement, slams critics

Misbah confirms retirement, slams critics

Skipper Misbah ul Haq on Tuesday confirmed his retirement from one-day internationals but said he would continue to play tests in which format he is Pakistan's most successful captain. He told reporters about his team's performance.
Published 25 Mar, 2015 12:00am
Pietersen agrees IPL release, eyes England return

Pietersen agrees IPL release, eyes England return

Kevin Pietersen announced on Tuesday that he has agreed a release from his Indian Premier League contract, as he bids to earn an England recall by rejoining English county Surrey. Axed by England in February 2014, the 34-year-old batsman hopes to end his
Published 25 Mar, 2015 12:00am
Court rejects life ban petition for Aamer

Court rejects life ban petition for Aamer

A Pakistani court on Tuesday dismissed a legal petition seeking a life ban on fast bowler Mohammad Aamer, just weeks after he returned to domestic cricket following a spot-fixing suspension. The International Cricket Council (ICC) gave permission for the
Published 25 Mar, 2015 12:00am
Platini warns of new 'dark days' of hooliganism

Platini warns of new 'dark days' of hooliganism

UEFA president Michel Platini on Tuesday warned of a return to the "dark days" of hooliganism in Europe fired by a rise in nationalism and extremism. Platini, speaking as he was reelected to a third term leading Europe's governing body, said governments h
Published 25 Mar, 2015 12:00am
Blatter rivals slam FIFA leadership

Blatter rivals slam FIFA leadership

Sepp Blatter on Tuesday listened as his rivals for the FIFA presidency accused his leadership of being authoritarian, not spending enough of its wealth and tarnishing the world body's image. Prince Ali bin Al Hussein, a FIFA vice president from Jordan, fo
Published 25 Mar, 2015 12:00am
Kohli seeks SCG inspiration for semi-final

Kohli seeks SCG inspiration for semi-final

India star Virat Kohli returns to the scene of one of his most memorable Test innings hoping to rediscover batting form for Thursday's World Cup semi-final against Australia in Sydney. It was at the Sydney Cricket Ground in January that Kohli, captaining
Published 25 Mar, 2015 12:00am
Elliott sees New Zealand home in South Africa thriller

Elliott sees New Zealand home in South Africa thriller

Johannesburg-born Grant Elliott's 84 not out, capped with a stunning six off the penultimate ball, saw New Zealand to a four-wicket win over South Africa in a cliffhanger World Cup semi-final at Auckland's Eden Park on Tuesday. Elliott's winning six, off
Published 25 Mar, 2015 12:00am
Brazil's current account gap narrows in February

Brazil's current account gap narrows in February

Brazil's current account deficit narrowed in February as the country's currency weakened sharply and economic growth remained stagnant, central bank data showed on Tuesday. Brazil posted a current account deficit of $6.879 billion in February, less than m
Published 25 Mar, 2015 12:00am
China officially approves three new free trade zones

China officially approves three new free trade zones

China's government approved on Tuesday the formation of three new free trade zones (FTZ) in the city of Tianjin, southeastern Fujian province, and southern Guangdong province, the official Xinhua news agency reported.
Published 25 Mar, 2015 12:00am
Michelin-starred French chef closes Moscow restaurant

Michelin-starred French chef closes Moscow restaurant

Michelin-starred French chef Pierre Gagnaire is to close his restaurant in a Moscow luxury hotel, a spokeswoman said Monday, with Russian media blaming the economic crisis and the embargo on many Western foods for the decision. "After five years of fruitf
Published 25 Mar, 2015 12:00am
Fear behind current stock market highs: Nobel laureate

Fear behind current stock market highs: Nobel laureate

Fear rather than euphoria is currently driving global stock markets to new highs, Nobel Economics laureate Robert Shiller said in a German newspaper interview on Sunday. The Yale University professor also warned of potential stock market bubbles and sugge
Published 25 Mar, 2015 12:00am
India needs to further develop corp bond markets

India needs to further develop corp bond markets

The development of corporate bonds has "not been too satisfactory", Reserve Bank of India Deputy Governor R. Gandhi said on Monday, calling the huge supply of government bonds one of the impediments.
Published 25 Mar, 2015 12:00am
India needs to further develop corp bond markets

India needs to further develop corp bond markets

The development of corporate bonds has "not been too satisfactory", Reserve Bank of India Deputy Governor R. Gandhi said on Monday, calling the huge supply of government bonds one of the impediments.
Published 25 Mar, 2015 12:00am
US taking steps to fix technical error with Boeing GPS satellites

US taking steps to fix technical error with Boeing GPS satellites

The US Air Force on Sunday said it is working to resolve a technical error that affects some Boeing Co Global Positioning System (GPS) satellites, although it did not hurt the accuracy of GPS signals received by users around the world.
Published 25 Mar, 2015 12:00am
Sri Lankan leader to renegotiate China deals on visit

Sri Lankan leader to renegotiate China deals on visit

Sri Lanka's new president will use a visit to Beijing to renegotiate more than $5.3 billion-worth of Chinese deals signed by his predecessor, a minister said Tuesday, calling it a strategy of "economic self-defence".
Published 25 Mar, 2015 12:00am
Belgian business confidence rises

Belgian business confidence rises

Belgian business sentiment rose by more than expected to a four-month high in March as managers across all sectors forecast improving demand. The index, often referred to as the leading indicator, rose to -6.3 points from -8.3 in February, above a Reuters
Published 25 Mar, 2015 12:00am
Mexico early March inflation dips below central bank target

Mexico early March inflation dips below central bank target

Mexican annual inflation inched below the central bank's 3 percent target in early March, even as a weaker peso threatened to push up prices in Latin America's second-biggest economy. Inflation in the 12 months through mid-March eased to 2.97 percent, dat
Published 25 Mar, 2015 12:00am
German foreign minister hails 'improved tone' in Greek ties

German foreign minister hails 'improved tone' in Greek ties

German Foreign Minister Frank-Walter Steinmeier welcomed an improved tone in discussions with debt-mired Greece, after meeting visiting Greek premier Alexis Tsipras Tuesday. Steinmeier met Tsipras at his hotel in central Berlin one day after the Greek lea
Published 25 Mar, 2015 12:00am
Puerto Rico restructuring talk hurting demand for bond deal

Puerto Rico restructuring talk hurting demand for bond deal

Investors are losing interest in a proposed $2.9 billion bond deal that would provide a financial lifeline for Puerto Rico after three prominent legislators called for debt restructuring, according to three investor sources. Potential investors are holdin
Published 25 Mar, 2015 12:00am
Puerto Rico restructuring talk hurting demand for bond deal

Puerto Rico restructuring talk hurting demand for bond deal

Investors are losing interest in a proposed $2.9 billion bond deal that would provide a financial lifeline for Puerto Rico after three prominent legislators called for debt restructuring, according to three investor sources. Potential investors are holdin
Published 25 Mar, 2015 12:00am
Dutch seek five-year jail term for horsemeat scandal trader

Dutch seek five-year jail term for horsemeat scandal trader

Dutch prosecutors demanded Tuesday a five-year sentence for a local meat wholesaler suspected of being a key player in Europe's massive 2013 horsemeat scandal. Prosecutors accused Willy Selten of forging numerous invoices and labels that passed off horsem
Published 25 Mar, 2015 12:00am
Japanese minister urges BoJ to be mindful of weak-yen risks

Japanese minister urges BoJ to be mindful of weak-yen risks

Japanese Finance Minister Taro Aso urged the central bank on Tuesday to be mindful of the risk of causing sharp, unwelcome falls in the yen when it decides on whether to expand its already radical stimulus programme.
Published 25 Mar, 2015 12:00am
S&P affirms Brazil debt rating

S&P affirms Brazil debt rating

Standard and Poor's maintained the stable outlook of Brazil's investment rating despite a contracting economy and growing political upheaval, in a vote of confidence for President Dilma Rousseff's efforts to clean up the country's finances. S&P said on Mo
Published 25 Mar, 2015 12:00am
S&P affirms Brazil debt rating

S&P affirms Brazil debt rating

Standard and Poor's maintained the stable outlook of Brazil's investment rating despite a contracting economy and growing political upheaval, in a vote of confidence for President Dilma Rousseff's efforts to clean up the country's finances. S&P said on Mo
Published 25 Mar, 2015 12:00am
Fitch cautions Turkey against trying too hard for economic growth

Fitch cautions Turkey against trying too hard for economic growth

Turkey's next government could focus too much on spurring economic growth after a June general election, credit-rating agency Fitch said on Tuesday, after months of tension between President Tayyip Erdogan and the central bank.
Published 25 Mar, 2015 12:00am
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