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Print - 2015-04-05
The Weather

The Weather

The weather report on Saturday (April 04, 2015) and the forecast for Sunday (April 05, 2015).

Published 05 Apr, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 04, 2015).

Published 05 Apr, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 04, 2015).

Published 05 Apr, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 04, 2015).

Published 05 Apr, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 04, 2015)

Published 05 Apr, 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 (April 04, 2015).

Published 05 Apr, 2015 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (April 04, 2015).

Published 05 Apr, 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 (April 04, 2015).

Published 05 Apr, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 04, 2015).

Published 05 Apr, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 04, 2015).

Published 05 Apr, 2015 12:00am
THE RUPEE: Slight rise vs $

THE RUPEE: Slight rise vs $

The rupee inched up in relation to the dollar on the money market at the week-end, dealers said.
Published 05 Apr, 2015 12:00am
THE RUPEE: Slight rise vs $

THE RUPEE: Slight rise vs $

The rupee inched up in relation to the dollar on the money market at the week-end, dealers said.
Published 05 Apr, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 04, 2015).

Published 05 Apr, 2015 12:00am
Pakistan's Independent Foreign Policy

Pakistan's Independent Foreign Policy

Soon after the fall of Dhaka, the Shaheed founder of Pakistan People's Party and former Prime Minister of Pakistan, Zulfiqar Ali Bhutto laid the foundation of an independent foreign policy for Pakistan. From Middle East to Far East Asia and South Asia, al
Published 05 Apr, 2015 12:00am
A Glorious Chapter in National History - SHAHEED ZULFIQAR ALI BHUTTO

A Glorious Chapter in National History - SHAHEED ZULFIQAR ALI BHUTTO

On this day, 36 years ago Shaheed Zulfiqar Ali Bhutto passed away. On 4th of April 1979, a military dictator thought that hanging Shaheed Zulfiqar Ali Bhutto would extinguish the love of Pakistani people for the man, his vision and his mission. To the con
Published 05 Apr, 2015 12:00am
A visionary has shown us the way

A visionary has shown us the way

Even today, Shaheed Zulfiqar Ali Bhutto remains the central theme of Pakistani politics thanks to his millions of ever-increasing followers. Since his era, the world has drastically transformed all over. We have witnessed the collapse of the socialist rev
Published 05 Apr, 2015 12:00am
The Leader who made Pakistan Invincible

The Leader who made Pakistan Invincible

Owing to three earlier wars with India and the imbalance of power between the two countries, it was vital for Pakistan to develop its own nuclear technology to be able to ensure safety of the people and its territorial integrity.
Published 05 Apr, 2015 12:00am
Letter from Quaid-e-Awam to Quaid-e-Azam & Excerpt from the reply

Letter from Quaid-e-Awam to Quaid-e-Azam & Excerpt from the reply

26th April -1945 "Respected Sir, you have united the entire nation under one banner. I feel that dream of Pakistan must be in the heart of every Muslim because Pakistan is our destiny, our goal. No power on earth can stop us from achieving P
Published 05 Apr, 2015 12:00am
Message from Minister of Information & Local Bodies

Message from Minister of Information & Local Bodies

The history of Pakistan is not complete without a reference to the life and achievements of Quaid-e-Awam Zulfiqar Ali Bhutto Shaheed. A survey of political events of Pakistan shows that a leader who came to deliver the poor masses from the clutches of pov
Published 05 Apr, 2015 12:00am
Message from Asif Ali Zardari, (Former President of Pakistan)

Message from Asif Ali Zardari, (Former President of Pakistan)

Quaid-e-Awam, Zulfiqar Ali Bhutto, is one of the few Pakistani leaders who will always live in the hearts of our people. He continues to enjoy the love and reverence of millions of the most die-hard followers. As a charismatic leader, he was popular aroun
Published 05 Apr, 2015 12:00am
Speech from Shaheed Benazir Bhutto

Speech from Shaheed Benazir Bhutto

Today, we are celebrating the glorious personality of a leader who had fully dedicated 22 years of his 51-year life to the service of this nation. He shone like a star on Pakistan's horizon throughout his political career. Till this day, he remains our st
Published 05 Apr, 2015 12:00am
Canada to release 'balanced' budget on April 21: FM Oliver

Canada to release 'balanced' budget on April 21: FM Oliver

Canada will release a "balanced" budget on April 21, but for the first time since the Great Recession there will be no deep spending cuts, Finance Minister Joe Oliver announced. The budget is almost two months overdue as the government has struggled to ma
Published 05 Apr, 2015 12:00am
LCCI chief for setting up dry port in Hub

LCCI chief for setting up dry port in Hub

President Lasbela Chamber of Commerce and Industry (LCCI) and Chief Executive Hub-Pak Salt Refinery, Ismail Suttar has urged the Chairman Federal Board of Revenue (FBR) to establish a dry port in Hub at the earliest.
Published 05 Apr, 2015 12:00am
Minister for pinpointing elements involved in profiteering

Minister for pinpointing elements involved in profiteering

The Punjab Minister for Food has appealed to the public to boycott elements involved in illegal profiteering and overcharging and promptly inform the government about them for an immediate legal action against them.
Published 05 Apr, 2015 12:00am
KP police round up 177 suspects under NAP

KP police round up 177 suspects under NAP

Khyber Pakhtunkhwa police rounded up 177 suspects and recovered huge cache of arms and ammunitions in the ongoing search and strike operation conducted under National Action Plan (NAP) throughout the province. During the operation conducted in different p
Published 05 Apr, 2015 12:00am
JI chief meets Zain's family, asks chief minister to do justice

JI chief meets Zain's family, asks chief minister to do justice

Jamaat-e-Islmai (JI) Chief Sirajul Haq has said that the rich are not accustomed to following the law in the country due to which it is difficult for the poor to get justice. The JI Chief visited the residence of Cavalry Ground's firing incident victim Za
Published 05 Apr, 2015 12:00am
50 illegal marriage halls demolished

50 illegal marriage halls demolished

At least 50 illegal marriage halls have been demolished until now, as an operation is under way in Karachi to remove the encroachments and illicit marriage halls under the supervision of Sindh Minister for Information and Local Government Sharjeel Inam Me
Published 05 Apr, 2015 12:00am
PTI stage-managed attack on its own camp: MQM

PTI stage-managed attack on its own camp: MQM

Muttahida Qaumi Movement (MQM) leader Kanwar Naveed on Saturday claimed that Pakistan Tehreek-e-Insaf (PTI) attacked its own camp to create a scene, adding that those arrested are not MQM workers. Addressing a media conference, Naveed accused PTI of stagi
Published 05 Apr, 2015 12:00am
Holding rallies political right: Nisar

Holding rallies political right: Nisar

Interior Minister Chaudhry Nisar Ali Khan said on Saturday that every political party, including the Pakistan Tehreek-e-Insaf (PTI) should have the right to hold rallies in Karachi. The Interior Minister ordered the IG Police Sindh and chief secretary to
Published 05 Apr, 2015 12:00am
Interim challan made against Ayyan

Interim challan made against Ayyan

Custom officials have made an interim challan against Ayyan Ali in money laundering case. According to details, airport record, First Information Report (FIR), statement of the suspect, her father and of airport staff alongwith the submitted documents are
Published 05 Apr, 2015 12:00am
Villager asked to give two girls as Wani

Villager asked to give two girls as Wani

A local jirga in Ghotki ordered a village worker on Saturday to give two minor girls as Wani and pay Rs5 lac cash on the charges of injuring the sister of a landlord. According to details, the incident occurred in the Haji Khan village where the jirga on
Published 05 Apr, 2015 12:00am
Easter Day: security placed on high alert at Churches

Easter Day: security placed on high alert at Churches

Police in the twin cities of Rawalpindi and Islamabad have prepared comprehensive plans for ensuring complete security on the occasion of celebration of Easter Day on Sunday. According to police sources in the two cities, on special directives of the high
Published 05 Apr, 2015 12:00am
Former mayor of Bogota visits IBA

Former mayor of Bogota visits IBA

Enrique Peñalosa, the former mayor of Bogota, Columbia, who is an expert on urban design and strategy, delivered a talk on "Mobility, Equity, and Quality of Life: Challenges for Karachi," during his recent visit to IBA.
Published 05 Apr, 2015 12:00am
PPP 'ideological group' gives leadership April 10 deadline

PPP 'ideological group' gives leadership April 10 deadline

PPP ideological group of Khyber Pakhtunkhwa Saturday gave deadline to central leadership of the party for changing from provincial chapter till April 10. Otherwise, he said on the expiry of the deadline, they in consultations with party workers will annou
Published 05 Apr, 2015 12:00am
Pakistan hails understanding between Iran & P5+1

Pakistan hails understanding between Iran & P5+1

Pakistan on Saturday welcomed the understanding reached between Iran and P5+1 concerning the nuclear programme of Tehran. "Pakistan welcomes the understanding reached between the Islamic Republic of Iran and P5+1. Pakistan had consistently maintained that
Published 05 Apr, 2015 12:00am
Afghan refugees in Pakistan

Afghan refugees in Pakistan

It has been widely reported by local and international media that more than 30,000 Afghans living in Pakistan have returned home since the start of the year after coming under intense scrutiny following a Taliban massacre at Army Public School in Peshawar
Published 05 Apr, 2015 12:00am
Suu Kyi says boycott of Myanmar election an option

Suu Kyi says boycott of Myanmar election an option

Myanmar opposition leader Aung San Suu Kyi said boycotting an upcoming historic election was an "option" if a military-drafted constitution that bars her from becoming president remains unchanged.
Published 05 Apr, 2015 12:00am
Lessons from the master

Lessons from the master

It is indeed fortunate to be spared the anxiety arising out of following the tumultuous see-sawing of the KSE index, in particular the nose diving as in recent days. Perhaps in the absence of professional ethical constraints, like any mortal, might even h
Published 05 Apr, 2015 12:00am
Economy on path of stability?

Economy on path of stability?

Addressing the award ceremony on Karachi Stock Exchange, federal finance minister Ishaq Dar claimed that the Pakistan economy has achieved stability while Prime Minister Nawaz Sharif, the chief guest at the ceremony, praised his finance minister's achieve
Published 05 Apr, 2015 12:00am
An historic deal

An historic deal

After 36 years of tensions and 18 months of tough talks the US and Iran, supported by the UK, France Germany, China and Russia, have reached an historic framework agreement - to be finalised by June 30 - on Iran's nuclear programme. From both sides' persp
Published 05 Apr, 2015 12:00am
China's cotton acreage to drop 20 percent in 2015

China's cotton acreage to drop 20 percent in 2015

China's cotton farmers could reduce the area planted with the fibre by 20 percent this year after a change in government policy led to lower subsidies for many growers last year, according to a survey commissioned by China's state reserves. Cotton acreage
Published 05 Apr, 2015 12:00am
Hong Kong and Shanghai, future metals allies or rivals?: Andy Home

Hong Kong and Shanghai, future metals allies or rivals?: Andy Home

On Friday the Shanghai Futures Exchange (SHFE) expanded its metals trading suite to include both nickel and tin. What is the pre-eminent trading venue for industrial commodities in China now boasts a base metals portfolio that fully matches that of the Lo
Published 05 Apr, 2015 12:00am
Singapore Exchange in early talks for regional rubber bourse

Singapore Exchange in early talks for regional rubber bourse

The Singapore Exchange (SGX) is in preliminary talks to be part of a regional rubber exchange that would bring together the top three producing nations, industry sources said. SGX held a meeting late last month with the International Tripartite Rubber Cou
Published 05 Apr, 2015 12:00am
Russia to decide on extension of wheat export tax

Russia to decide on extension of wheat export tax

Russian Prime Minister Dmitry Medvedev has asked his ministers to submit proposals by April 15 on a possible extension of a wheat export tax, the government said on Thursday. Russia has imposed a duty on wheat exports since February 1 in an effort to cool
Published 05 Apr, 2015 12:00am
Saudi Arabia issues tender to buy hard wheat

Saudi Arabia issues tender to buy hard wheat

Saudi Arabia's state wheat buying agency Grain Silos and Flour Mills Organisation (GSFMO) said on Thursday that it has issued an international tender to buy 715,000 tonnes of hard wheat. The tender deadline is Friday, April 3. The tender sought June to Au
Published 05 Apr, 2015 12:00am
Oil prices to stabilise as demand rises

Oil prices to stabilise as demand rises

Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a Reuters poll of analysts showed on Monday. The survey of 34 analysts predicted North Sea Brent crude would avera
Published 05 Apr, 2015 12:00am
India's February natural rubber output drops

India's February natural rubber output drops

India's natural rubber production in February fell 13.5 percent from a year earlier to 50,000 tonnes, while consumption rose nearly 4 percent to 82,500 tonnes, the state-run Rubber Board said in a statement on Tuesday. A drop in the output boosted natural
Published 05 Apr, 2015 12:00am
Crop-product giant ADM to end deforestation in supply chain

Crop-product giant ADM to end deforestation in supply chain

Leading agricultural processor and food-ingredient supplier Archer Daniels Midland Company has agreed to stop deforestation due to soy and palm oil production in its global supply chains, according to investors. Chicago-based ADM, one of the world's bigge
Published 05 Apr, 2015 12:00am
Oil prices slide on Iran nuclear deal hopes

Oil prices slide on Iran nuclear deal hopes

World oil prices sank this week as traders eyed a possible Iran nuclear energy deal that could ease sanctions on the crude producer and potentially add to global oversupply. In late Thursday afternoon deals, Brent crude tumbled more than two dollars, as g
Published 05 Apr, 2015 12:00am
Kenyan tea prices fall

Kenyan tea prices fall

The maximum price of the top grade Kenyan tea, Best Broken Pekoe Ones (BP1s), eased at this week's sale, Tea Brokers East Africa said on Tuesday. Kenya is the world's leading exporter of black tea and the commodity is a major foreign exchange earner for t
Published 05 Apr, 2015 12:00am
Kenyan coffee price rises

Kenyan coffee price rises

The top price of Kenya's benchmark grade AA coffee per 50-kg bag rose at this week's auction, the Nairobi Coffee Exchange (NCE) said on Tuesday. The east African country produces speciality coffee sought after by roasters for blending with beans from othe
Published 05 Apr, 2015 12:00am
Japan to seek feed wheat and barley

Japan to seek feed wheat and barley

Japan's Ministry of Agriculture said on Wednesday that it would seek 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley to be loaded by July 31 and for arrival in Japan by September 30, via a simultaneous buy and sell (SBS) auction that will b
Published 05 Apr, 2015 12:00am
Soyameal asking prices rise on European meals market

Soyameal asking prices rise on European meals market

Soyameal asking prices on the European meals market were generally higher on Tuesday although no trades were reported, with buyers holding back ahead of the issue of key reports by the US Department of Agriculture later in the day. "A lot of people in the
Published 05 Apr, 2015 12:00am
Mixed trend on grain market

Mixed trend on grain market

Prices moved both ways on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Moong Punjab was down byRs 125 to Rs 12375 and Moong Afghan followed same pattern, losing Rs 65 to Rs 12935, other commodities h
Published 05 Apr, 2015 12:00am
Indonesia's 2015 cocoa bean exports to fall

Indonesia's 2015 cocoa bean exports to fall

Cocoa bean exports from world No 3 producer Indonesia could drop to 10,000 tonnes this year and output by as much as 20 percent, as government efforts to boost production are missing the mark, a top industry association said. The export estimate would be
Published 05 Apr, 2015 12:00am
Asian rice: Stable prices seen in Thailand, Vietnam

Asian rice: Stable prices seen in Thailand, Vietnam

Stable rice prices in Thailand and Vietnam, the world's leading exporters of the grain, have failed to boost sales, with key buyers in Africa holding off due to the election in Nigeria, traders said on Wednesday. Kiattisak Kanlayasirivat, a director at As
Published 05 Apr, 2015 12:00am
Palm oil share in India's edible oil imports seen at nine-year low

Palm oil share in India's edible oil imports seen at nine-year low

The share of palm oil in India's growing edible oil imports is expected to drop to the lowest since 2005/06 in the current year to October, as a narrower discount for prices of the tropical oil versus that of rival soyaoil hurts demand.
Published 05 Apr, 2015 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was higher on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The March vaida closed at Rs 1424.00 on Thursday and it commenced with 30 paisa gain at Rs 1424.30 in the morning session, they said. Th
Published 05 Apr, 2015 12:00am
Russian gas exports rise in March

Russian gas exports rise in March

Russia's gas exports rose in March because of weaker gas prices which have tracked oil prices lower, an industry source told Reuters on Tuesday. The source said exports by state energy giant Gazprom - as measured for Turkey and the European Union, excludi
Published 05 Apr, 2015 12:00am
PetroChina to cut 2015 crude output

PetroChina to cut 2015 crude output

China's state-owned PetroChina plans to cut 2015 crude output by 1.5 percent to 1.6 percent from last year, prompted by low oil prices, a person with direct knowledge of the matter said on Tuesday. The source, who asked not to be named because of the sens
Published 05 Apr, 2015 12:00am
Russia sets high wheat price for 2015-16 state restocking

Russia sets high wheat price for 2015-16 state restocking

Russia's Agriculture Ministry has set high wheat prices for its restocking programme in the 2015/16 marketing year, which starts on July 1, raising the possibility that the government will not have to extend a tax on wheat exports.
Published 05 Apr, 2015 12:00am
Indian soyabean futures rise

Indian soyabean futures rise

Indian soyabean futures gained on Wednesday due to a rise in local demand and on firm international cues. Rapeseed futures were higher as unseasonal rains raised concerns about supply delay and output loss.
Published 05 Apr, 2015 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday and finished with a 3 percent gain for the four-day week. Canola may have gained support from exporter pricing and a lack of farmer selling, traders said. ICE Futures Canada will be closed for Good Friday holid
Published 05 Apr, 2015 12:00am
British coal imports to jump

British coal imports to jump

Britain's coal imports should show a spike for the first quarter of 2015 as utilities hoard ahead of a tax rise designed to encourage tehm to switch away from the more polluting coal-fired power generation. From April, Britain's carbon tax, which charges
Published 05 Apr, 2015 12:00am
Golden Agri sees palm output up about five percent

Golden Agri sees palm output up about five percent

Golden Agri-Resources Ltd expects its palm and palm kernel oil production to rise around 5 percent this year, coming in at the lower end of a projected annual growth rate as dry weather hurts yields, a senior company executive said. A smaller rise in outp
Published 05 Apr, 2015 12:00am
EU winter barley harvest looking good

EU winter barley harvest looking good

The European Union is on course for a good crop of winter barley, used for animal feed, but volumes are likely to be below last year's bumper crop, observers said on Thursday. "Optimism is growing and if favourable weather continues, ample supplies of fee
Published 05 Apr, 2015 12:00am
Congolese goal avalanche buries Sudanese

Congolese goal avalanche buries Sudanese

Democratic Republic of Congo club MK Etancheite scored four goals within 28 minutes to crush Sudanese visitors Al-Ahly Shendy 5-1 this weekend in the CAF Confederation Cup. The unexpectedly easy round-of-32 triumph gave the Kinshasa outfit a 6-3 aggregate
Published 05 Apr, 2015 12:00am
Football: lawyer hits out as banners taunt dead fan's mother

Football: lawyer hits out as banners taunt dead fan's mother

A lawyer for the family of a Napoli fan shot and killed by a Roma 'ultra' supporter last year has called for action to be taken after "insulting and offensive banners" were displayed by Giallorossi fans in the Serie A sides' clash on Saturday. Napoli fan
Published 05 Apr, 2015 12:00am
Messi in 'perfect condition': Luis Enrique

Messi in 'perfect condition': Luis Enrique

Barcelona coach Luis Enrique believes there are no injury concerns over star man Lionel Messi ahead of his side's trip to Celta Vigo on Sunday. Messi travelled to the United States with Argentina during the international break, but missed both their frien
Published 05 Apr, 2015 12:00am
Arsenal turn on the style to crush Liverpool 4-1

Arsenal turn on the style to crush Liverpool 4-1

Arsenal delivered a brutal lesson in fast-paced Premier League football to beat Liverpool 4-1 on Saturday, maintaining their faint title aspirations and almost certainly dashing their opponents' hopes of a top-four finish. While Liverpool's defending was
Published 05 Apr, 2015 12:00am
Iran eases ban on women attending sports matches

Iran eases ban on women attending sports matches

Iran has partially lifted a ban on women attending men's sports matches, the deputy sports minister said on Saturday, days after a court pardoned an Iranian-British woman who had been jailed for protesting against the law.
Published 05 Apr, 2015 12:00am
Indonesia settles Olympics logo row ahead of Asian Games

Indonesia settles Olympics logo row ahead of Asian Games

An Indonesian sports body has agreed to stop using the Olympic rings logo, an official said, after the country faced the threat of losing the right to host the 2018 Asian Games. The International Olympic Committee sent a letter in January warning Indonesi
Published 05 Apr, 2015 12:00am
Clash of the titans with Chen and Lin in badminton finals

Clash of the titans with Chen and Lin in badminton finals

World number one Chen Long and his illustrious compatriot Lin Dan will clash in the finals of the Malaysian Open on Sunday after both Chinese shuttlers overcame their opponents at the semi-final stage on Saturday. Chen, the reigning world champion, qualif
Published 05 Apr, 2015 12:00am
Reds stay top in Japan after 'miracle' strike

Reds stay top in Japan after 'miracle' strike

Urawa Reds held on to top spot in the J-League on Saturday after Ryota Moriwaki's wonder strike gave them a 1-0 win over Matsumoto Yamaga. The defender stepped inside to smash home a long-range drive five minutes from time to give unbeaten Urawa a third w
Published 05 Apr, 2015 12:00am
Murray beats Berdych to reach Miami final

Murray beats Berdych to reach Miami final

Andy Murray will try to cap a milestone week with a third Miami Masters title after beating Czech Tomas Berdych 6-4, 6-4 on Friday to secure his final berth. Murray, who this week joined the elite club of players to win 500 career matches, booked his four
Published 05 Apr, 2015 12:00am
Bayonne extend Argentina wing's contract

Bayonne extend Argentina wing's contract

Argentina wing Martin Bustos Moyano has extended his contract with Bayonne, the French Top 14 outfit said Friday. The 29-year-old moved to the Basque club two years ago after three seasons with Montpellier. The specialist kicker has signed on for an extra
Published 05 Apr, 2015 12:00am
Worcestershire sign Sri Lanka's Senanayake

Worcestershire sign Sri Lanka's Senanayake

English county Worcestershire on Saturday announced the signing of Sri Lanka spin bowler Sachithra Senanayake to provide early-season cover for overseas player Saeed Ajmal. Ajmal has been called up by Pakistan for their tour of Bangladesh, prompting Worce
Published 05 Apr, 2015 12:00am
Ajmal says happy his eight-month 'torture' is over

Ajmal says happy his eight-month 'torture' is over

Pakistani off-spinner Saeed Ajmal on Saturday said he was delighted his eight-month "torture" which saw him suspended for an illegal bowling action was finally over after being recalled to the national side. The 37-year-old was named to the squad for all
Published 05 Apr, 2015 12:00am
ECB minutes reveal 'prudent optimism' on recovery outlook

ECB minutes reveal 'prudent optimism' on recovery outlook

The European Central Bank revealed Thursday that its policy-setting governing council is increasingly confident that its controversial bond purchase programme is helping to boost the economic outlook for the eurozone.
Published 05 Apr, 2015 12:00am
Top India economic forecasters see no repeat of 2013 sell-off

Top India economic forecasters see no repeat of 2013 sell-off

India's economy is in much better shape to weather tighter US monetary policy than it was two years ago, according to the economics team from ICICI Securities PD, the most accurate forecasters on Indian economic data in Reuters polls last year. In 2013, w
Published 05 Apr, 2015 12:00am
IBM uncovers new, sophisticated bank transfer cyber scam

IBM uncovers new, sophisticated bank transfer cyber scam

IBM has uncovered a sophisticated fraud scheme run by a well- funded Eastern European gang of cyber criminals that uses a combination of phishing, malware and phone calls that the technology company says has netted more than $1 million from large and medi
Published 05 Apr, 2015 12:00am
Top Wall Street firms now see Fed liftoff in September

Top Wall Street firms now see Fed liftoff in September

A majority of Wall Street's top banks now see the Federal Reserve holding off until at least September before raising interest rates for the first time since 2006 after the US central bank on Wednesday downgraded its assessment on the economy and forecast
Published 05 Apr, 2015 12:00am