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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-04-29
LSE index loses 24.93 points

LSE index loses 24.93 points

Equities on Tuesday faced losses amid an improved trading turnover on the Lahore Stock Exchange following selling pressure in blue chips. The LSE-25 index lost 24.93 points to 5658.45 against 5683.38 of Monday while the transaction volume increased to 1.7
Published 29 Apr, 2015 12:00am
52 feared dead in Afghanistan landslide

52 feared dead in Afghanistan landslide

At least 52 people, mostly women and children, are feared dead after a landslide swept through a village in Afghanistan's remote mountainous north-east Tuesday, the latest natural disaster in the war-torn nation, officials said. The disaster, which buried
Published 29 Apr, 2015 12:00am
52 feared dead in Afghanistan landslide

52 feared dead in Afghanistan landslide

At least 52 people, mostly women and children, are feared dead after a landslide swept through a village in Afghanistan's remote mountainous north-east Tuesday, the latest natural disaster in the war-torn nation, officials said. The disaster, which buried
Published 29 Apr, 2015 12:00am
Constitutional Amendments: Supreme Court raises key question

Constitutional Amendments: Supreme Court raises key question

The Supreme Court on Tuesday adjourned the hearing of identical pleas filed against the 18th and 21st Constitutional Amendments, raising a question that on what grounds the basic structure of the Constitution could be made a reason to declare an Amendment
Published 29 Apr, 2015 12:00am
Constitutional Amendments: Supreme Court raises key question

Constitutional Amendments: Supreme Court raises key question

The Supreme Court on Tuesday adjourned the hearing of identical pleas filed against the 18th and 21st Constitutional Amendments, raising a question that on what grounds the basic structure of the Constitution could be made a reason to declare an Amendment
Published 29 Apr, 2015 12:00am
Afghan president reassures India over relationship

Afghan president reassures India over relationship

Afghan leader Ashraf Ghani on Tuesday sought to reassure his Indian counterpart Narendra Modi that Kabul was committed to its close relationship with New Delhi despite warming ties with Pakistan. Afghanistan's president arrived in India late Monday on a t
Published 29 Apr, 2015 12:00am
Afghan president reassures India over relationship

Afghan president reassures India over relationship

Afghan leader Ashraf Ghani on Tuesday sought to reassure his Indian counterpart Narendra Modi that Kabul was committed to its close relationship with New Delhi despite warming ties with Pakistan. Afghanistan's president arrived in India late Monday on a t
Published 29 Apr, 2015 12:00am
ISE index down by 31.25 points

ISE index down by 31.25 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Tuesday, where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 31.25 points as the ISE Ten Index moved from 3,690.52
Published 29 Apr, 2015 12:00am
ISE index down by 31.25 points

ISE index down by 31.25 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Tuesday, where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 31.25 points as the ISE Ten Index moved from 3,690.52
Published 29 Apr, 2015 12:00am
BRIndex30 sheds 189.61 points

BRIndex30 sheds 189.61 points

On Tues-day, BRIndex30 opened at 20,354.89 points. It touched an intraday high of 20,461.07 points and an intraday low of 20,120.81 points and closed at 20,165.28 points which was -189.61 points or -0.93 percent lower than previous close. Total volume was
Published 29 Apr, 2015 12:00am
LSE index loses 24.93 points

LSE index loses 24.93 points

Equities on Tuesday faced losses amid an improved trading turnover on the Lahore Stock Exchange following selling pressure in blue chips. The LSE-25 index lost 24.93 points to 5658.45 against 5683.38 of Monday while the transaction volume increased to 1.7
Published 29 Apr, 2015 12:00am
Attack on US embassy foiled: 93 jihadists arrested in Saudi Arabia

Attack on US embassy foiled: 93 jihadists arrested in Saudi Arabia

Saudi Arabia has arrested nearly 100 jihadists, mostly linked to the Islamic State group, and foiled several plots to carry out attacks including on the US embassy, authorities said Tuesday. The arrests have taken place since December and most of those de
Published 29 Apr, 2015 12:00am
Obama, Abe revitalise ties as China 'flexes muscles'

Obama, Abe revitalise ties as China 'flexes muscles'

The United States and Japan sought to reinvigorate their 70-year alliance in the face of China's growing clout Tuesday, with President Barack Obama welcoming Prime Minister Shinzo Abe to the White House. Voicing shared anxiety about China's activities in
Published 29 Apr, 2015 12:00am
Sri Lanka parliament votes to curb president's power

Sri Lanka parliament votes to curb president's power

Sri Lanka's parliament voted overwhelmingly Tuesday to curb the power of the presidency, restoring a two-term limit and reviving independent bodies to manage key institutions such as the police and the judiciary. A total of 215 out of the 225 lawmakers ap
Published 29 Apr, 2015 12:00am
Stability returning due to operation: CoAS

Stability returning due to operation: CoAS

Chief of Army Staff (CoAS) General Raheel Sharif said on Tuesday that peaceful environment in and around Pakistan was top priority. Addressing officers at Bahawalpur Cantt, General Raheel Sharif said that no challenge was insurmountable adding, "Let's tak
Published 29 Apr, 2015 12:00am
Stability returning due to operation: CoAS

Stability returning due to operation: CoAS

Chief of Army Staff (CoAS) General Raheel Sharif said on Tuesday that peaceful environment in and around Pakistan was top priority. Addressing officers at Bahawalpur Cantt, General Raheel Sharif said that no challenge was insurmountable adding, "Let's tak
Published 29 Apr, 2015 12:00am
BRIndex30 sheds 189.61 points

BRIndex30 sheds 189.61 points

On Tues-day, BRIndex30 opened at 20,354.89 points. It touched an intraday high of 20,461.07 points and an intraday low of 20,120.81 points and closed at 20,165.28 points which was -189.61 points or -0.93 percent lower than previous close. Total volume was
Published 29 Apr, 2015 12:00am
US bonds prices flat

US bonds prices flat

US Treasuries prices were little changed on Monday as news suggesting progress for Greece to strike a deal with its lenders was offset by expectations the Federal Reserve will signal its intention to keep interest rates near zero. The US bond market has b
Published 29 Apr, 2015 12:00am
Sindh Assembly for naming Civil Hospital after Dr Adeeb Rizvi

Sindh Assembly for naming Civil Hospital after Dr Adeeb Rizvi

Sindh Assembly on Tuesday adopted a resolution unanimously calling to name Civil Hospital after Dr Adeeb-ul-Hassan Rizvi and eulogised his continuing services to humanity in the field of kidney transplantation. The house passed the resolution tabled by Sa
Published 29 Apr, 2015 12:00am
Early shops closure: Capital traders observe shutter-down strike

Early shops closure: Capital traders observe shutter-down strike

Demonstrating against the government decision to close commercial centres at 8pm to conserve electricity, traders in the federal capital observed a complete shutterdown strike with the objective of pressurising the government to reverse the decisions.
Published 29 Apr, 2015 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Steadier trend was seen on the money market on Tuesday as the rupee moved with slight gains versus the dollar in the process of trading, dealers said. The rupee inched up by one-paisa versus the dollar for buying and selling at Rs 101.82 and Rs 101.84 res
Published 29 Apr, 2015 12:00am
PBC study on FTA Pakistan faces higher tariffs on exports to China

PBC study on FTA Pakistan faces higher tariffs on exports to China

Despite Free Trade Agreement (FTA), Pakistan still faces higher tariffs on many exports to China as compared to other trading partners. This was the crux of the Pakistan Business Council (PBC) study on Pakistan-China FTA, released here Tuesday. The study
Published 29 Apr, 2015 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Steadier trend was seen on the money market on Tuesday as the rupee moved with slight gains versus the dollar in the process of trading, dealers said. The rupee inched up by one-paisa versus the dollar for buying and selling at Rs 101.82 and Rs 101.84 res
Published 29 Apr, 2015 12:00am
Bulgaria opens up gates of highly-reputed institutes

Bulgaria opens up gates of highly-reputed institutes

The Republic of Bulgaria has further enhanced its relationship with Pakistan by opening up gates of its highly-reputed institutes for the students of Pakistan in the areas of medicine, dentistry and engineering in the universities based in the cities of S
Published 29 Apr, 2015 12:00am
Shazain may become new chief of Bugti tribe

Shazain may become new chief of Bugti tribe

Shazain Akbar Bugti, likely to take over as new chief of his tribe after the demise of his father Nawabzada Talal Akber Bugti, could have a far-reaching impact on national politics. Background discussions with some prominent Baloch leaders revealed that a
Published 29 Apr, 2015 12:00am
One killed in blast

One killed in blast

A person was killed and another injured in a bomb attack near Bagh-e-Naran Chowk in posh locality of Hayatabad area, here on Tuesday. According to police official statement, a security forces' convoy was passing by when it came under attack. No security p
Published 29 Apr, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 28, 2015).

Published 29 Apr, 2015 12:00am
Man killed by nephew

Man killed by nephew

A man was allegedly killed by his nephew over what police claimed personal dispute. According to police sources, Attaullah, son of, Ghulam Muhiuddin, was allegedly shot and killed by his nephew Naveed, a police constable, over what police said 'personnel
Published 29 Apr, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 28, 2015).

Published 29 Apr, 2015 12:00am
KE launches social care service

KE launches social care service

K-Electric has launched a complaint ticket generation service by integrating its SAP-CRM with social media. At the launch of this social care initiative at the KE House, CEO Tayyab Tareen said: "We at KE do not only invest in our generation, transmission
Published 29 Apr, 2015 12:00am
Partly Facetious: The majesty of democracy

Partly Facetious: The majesty of democracy

"So our federal ministers do not think it necessary to attend parliament, and the treasury benches taking their cue from the federal ministers also are kind of lax about attending." "Oh, for the days when Gilani sahib was our Prime Minister - he would him
Published 29 Apr, 2015 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (April 28, 2015).

Published 29 Apr, 2015 12:00am
Money transfer services: Soneri Bank partners with Ria

Money transfer services: Soneri Bank partners with Ria

Soneri Bank Limited, under the umbrella of Soneri Mehnat Wasool Remittance, has partnered with Ria Money Transfer ("Ria"), a global leader in international money transfer and payment services, to provide money transfer services throughout Pakistan.
Published 29 Apr, 2015 12:00am
FFC earns Rs 5.6 billion in 1Q

FFC earns Rs 5.6 billion in 1Q

Fauji Fertilizer Company (FFC) on Tuesday announced 1Q2015 earnings of Rs 5.9bn (EPS Rs 4.6) compared to Rs 4.6bn (EPS Rs 3.6) in the same quarter last year. Accompanying an interim cash dividend of Rs 3.94 per share, the result was in line with market ex
Published 29 Apr, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 28, 2015)

Published 29 Apr, 2015 12:00am
FFC earns Rs 5.6 billion in 1Q

FFC earns Rs 5.6 billion in 1Q

Fauji Fertilizer Company (FFC) on Tuesday announced 1Q2015 earnings of Rs 5.9bn (EPS Rs 4.6) compared to Rs 4.6bn (EPS Rs 3.6) in the same quarter last year. Accompanying an interim cash dividend of Rs 3.94 per share, the result was in line with market ex
Published 29 Apr, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 28, 2015).

Published 29 Apr, 2015 12:00am
SCB's profit before tax up 25 percent in Q1

SCB's profit before tax up 25 percent in Q1

Standard Chartered Bank Pakistan Limited has announced its Q1 2015 results. The Bank's profit before tax has grown by 25 percent to PKR4.3 billion in Q1 2015, with earnings per share up at PKR0.72 per share from PKR0.57 per share in Q1 2014. The bank cont
Published 29 Apr, 2015 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 29 Apr, 2015 12:00am
SCB's profit before tax up 25 percent in Q1

SCB's profit before tax up 25 percent in Q1

Standard Chartered Bank Pakistan Limited has announced its Q1 2015 results. The Bank's profit before tax has grown by 25 percent to PKR4.3 billion in Q1 2015, with earnings per share up at PKR0.72 per share from PKR0.57 per share in Q1 2014. The bank cont
Published 29 Apr, 2015 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 29 Apr, 2015 12:00am
Talal Bugti laid to rest

Talal Bugti laid to rest

Chief of Jamhoori Watan Party (JWP) Talal Akbar Bugti, who passed away on Monday, was laid to rest here on Tuesday. A large number of people including political leaders, provincial minister Zafar Mandokhel, Jamil Akbar Bugti, elder brother of Talal Akbar
Published 29 Apr, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 28, 2015).

Published 29 Apr, 2015 12:00am
Silkbank declares Rs 230 million operating profit

Silkbank declares Rs 230 million operating profit

Silkbank in its Board Meeting held on April 28, 2015 declared an operating profit of Rs 230 million for the first Quarter of 2015. The Bank's profit before tax of Rs 75.24 million for the quarter registered an 80 percent increase over the corresponding pe
Published 29 Apr, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 28, 2015).

Published 29 Apr, 2015 12:00am
Silkbank declares Rs 230 million operating profit

Silkbank declares Rs 230 million operating profit

Silkbank in its Board Meeting held on April 28, 2015 declared an operating profit of Rs 230 million for the first Quarter of 2015. The Bank's profit before tax of Rs 75.24 million for the quarter registered an 80 percent increase over the corresponding pe
Published 29 Apr, 2015 12:00am
The Weather

The Weather

The weather report on Tuesday (April 28, 2015) and the forecast for Wednesday (April 29, 2015).

Published 29 Apr, 2015 12:00am
OICCI for withdrawing Sindh Development, Maintenance Infrastructure Cess

OICCI for withdrawing Sindh Development, Maintenance Infrastructure Cess

Overseas Investors Chamber of Commerce and Industry (OICCI) has called for withdrawing Sindh Development and Maintenance Infrastructure Cess its entirety, saying that the levy is unjustly increasing the cost of doing business in Sindh. In its budget propo
Published 29 Apr, 2015 12:00am
Imran's allegations baseless: Altaf

Imran's allegations baseless: Altaf

Muttahida Qaumi Movement (MQM) chief, Altaf Hussain on Tuesday said that the allegations levelled by Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan are baseless and reprehensible. Hussain said that Khan, in an interview with a private channel said tha
Published 29 Apr, 2015 12:00am
Engro Corporation's revenue up 8 percent in 1Q

Engro Corporation's revenue up 8 percent in 1Q

The Board of Directors of Engro Corporation Limited on Tuesday announced the financial results for the first quarter ended March 31. The company posted strong results with its subsidiaries truly reflecting the story of the conglomerate's growth, said a co
Published 29 Apr, 2015 12:00am
Engro Corporation's revenue up 8 percent in 1Q

Engro Corporation's revenue up 8 percent in 1Q

The Board of Directors of Engro Corporation Limited on Tuesday announced the financial results for the first quarter ended March 31. The company posted strong results with its subsidiaries truly reflecting the story of the conglomerate's growth, said a co
Published 29 Apr, 2015 12:00am
Troops flood Baltimore as Obama questions police tactics

Troops flood Baltimore as Obama questions police tactics

National Guard troops deployed to head off further rioting in Baltimore on Tuesday as President Barack Obama warned that recent incidents "raise troubling questions" about the policing of black communities. Violence and looting erupted in Baltimore on Mon
Published 29 Apr, 2015 12:00am
Japanese PM says 'deeply pained' over WWII 'comfort women'

Japanese PM says 'deeply pained' over WWII 'comfort women'

Japanese Prime Minister Shinzo Abe on Tuesday expressed his remorse over the sexual slavery of Asian women during World War II, but stopped short of issuing his own apology. "I am deeply pained to think about the comfort women who experienced immeasurable
Published 29 Apr, 2015 12:00am
Free trade deal with Gulf 'very close': NZ premier

Free trade deal with Gulf 'very close': NZ premier

A free trade pact between the Gulf states and New Zealand, the world's largest exporter of dairy products, is "very close", Prime Minister John Key said in Saudi Arabia on Tuesday.
Published 29 Apr, 2015 12:00am
Rebels fight IS-linked group near Israeli-occupied Golan

Rebels fight IS-linked group near Israeli-occupied Golan

Rebels and Al-Qaeda's Syria affiliate clashed Tuesday with jihadists linked to the Islamic State group along Syria's border with the Israeli-occupied Golan Heights, a monitor and an opposition spokesman said.
Published 29 Apr, 2015 12:00am
Burundi tells foreign envoys to stay neutral over unrest

Burundi tells foreign envoys to stay neutral over unrest

Burundi's government told diplomats on Tuesday to stay neutral and not side with protesters who accuse President Pierre Nkurunziza of violating the constitution by announcing he will seek a third term in office.
Published 29 Apr, 2015 12:00am
Aid reaches Nepal villagers as death toll passes 5,000

Aid reaches Nepal villagers as death toll passes 5,000

Hungry and desperate villagers rushed towards relief helicopters in remote areas of Nepal Tuesday, begging to be airlifted to safety, four days after a monster earthquake killed more than 5,000 people.
Published 29 Apr, 2015 12:00am
Bangladesh opposition boycotts mayoral polls

Bangladesh opposition boycotts mayoral polls

Bangladesh's main opposition party on Tuesday boycotted three mayoral elections over accusations of massive rigging, fanning fears of further unrest in the South Asian nation.
Published 29 Apr, 2015 12:00am
Japan military rescue team saved - by fishermen

Japan military rescue team saved - by fishermen

Some of Japan's best sailors, whose job it is to risk their lives when people get into trouble at sea, had to be plucked to safety by fishermen Tuesday after the engine fell off their seaplane.
Published 29 Apr, 2015 12:00am
Taylor to skipper new-look England

Taylor to skipper new-look England

England will send out an inexperienced one-day side to take on Ireland next month with five uncapped players named on Tuesday in a squad led by new captain James Taylor. The bold move is down to the fact that the Test team arrive back from duty in the Wes
Published 29 Apr, 2015 12:00am
Gasquet makes winning return after back injury

Gasquet makes winning return after back injury

Fifth seed Richard Gasquet made a winning return after nearly six weeks out with a back injury as the Frenchman beat Marinko Matosevic of Australia 7-6 (9/7), 6-1 at the Estoril Open on Tuesday. The former ATP number seven currently ranked 28th took less
Published 29 Apr, 2015 12:00am
Bangladesh make good start

Bangladesh make good start

Mominul Haque scored 80 as Bangladesh made an impressive start in the first Test against Pakistan in Khulna on Tuesday, reaching 236 for four by stumps on the opening day. The talented 23-year-old left-hander batted fluently to pass 50 for the 12th time i
Published 29 Apr, 2015 12:00am
Wimbledon prize money rises

Wimbledon prize money rises

The winners of this year's Wimbledon singles titles will share a prize fund of £1.88 million ($2.87 million, 2.63 million euros) after organisers on Tuesday announced a fourth consecutive prize money increase. There has been a rise of seven percent from t
Published 29 Apr, 2015 12:00am
Nishikori 'better than Djokovic': mentor

Nishikori 'better than Djokovic': mentor

Japan's Kei Nishikori has the ability to reach the summit of men's tennis and is technically already better than world number one Novak Djokovic, according to his former mentor. Shuzo Matsuoka told AFP on Tuesday it was "only a matter of time" before Nish
Published 29 Apr, 2015 12:00am
Political uncertainty mars future of Crimea's athletes

Political uncertainty mars future of Crimea's athletes

Moscow's annexation of the strategic peninsula of Crimea from Ukraine has not only sparked the worst crisis between Russia and the West since the Cold War but also put under threat the sporting careers of Crimean athletes. The future of football and baske
Published 29 Apr, 2015 12:00am
McIlroy and Spieth headline WGC-Matchplay

McIlroy and Spieth headline WGC-Matchplay

Jason Day will be defending his title when the new look WGC-Matchplay Championship gets underway in San Francisco on Wednesday, but many will be hoping for a final pitting Rory McIlroy against Jordan Spieth. The stage was set for what could be an enduring
Published 29 Apr, 2015 12:00am
Aussie up, New Zealand dollar bides time

Aussie up, New Zealand dollar bides time

The Australian dollar powered up on Tuesday underpinned by stronger iron ore prices, while the New Zealand dollar was cautious ahead of a monetary policy review later in the week. The Australian dollar scaled a five-week peak of $0.7872, from $0.7856 earl
Published 29 Apr, 2015 12:00am
Sterling hits seven-week high versus dollar

Sterling hits seven-week high versus dollar

Sterling hit seven-week highs against the US dollar on Tuesday, recovering from earlier losses after data showed the UK economy grew slower than expected in the first quarter. Quarterly gross domestic product growth slowed to 0.3 percent - half that of th
Published 29 Apr, 2015 12:00am
Sri Lankan rupee forwards slip

Sri Lankan rupee forwards slip

Sri Lankan rupee forwards slipped on Tuesday as importer dollar demand outpaced early selling of the greenback by banks, while dealers expect the local currency to remain under pressure due to lower interest rates. Actively traded one-month forwards ended
Published 29 Apr, 2015 12:00am
Most emerging Asian currencies up

Most emerging Asian currencies up

Most emerging Asian currencies rose on Tuesday as the dollar remained broadly weak amid optimism over Greece's debt deal, while caution grew ahead of the US Federal Reserve's policy meeting. The Taiwan dollar and the South Korean won hit near six-month hi
Published 29 Apr, 2015 12:00am
Rand climbs

Rand climbs

South Africa's rand climbed to a three-week high on Tuesday while yields on bonds fell as hopes of a resolution to Greece's debt crisis cheered emerging markets. By 1510 GMT the rand had firmed 1.53 percent to 11.8150 per dollar, within touching distance
Published 29 Apr, 2015 12:00am
Euro climbs in New York

Euro climbs in New York

The euro scaled a three-weak peak against the dollar on Monday, on optimism about Greece's prospects after the government reshuffled its bailout negotiating team as the cash-strapped country seeks to avoid a default. Greece looks set to run out of funds i
Published 29 Apr, 2015 12:00am
Early trade in New York: Dollar falls to eight-week low

Early trade in New York: Dollar falls to eight-week low

The dollar dropped to an eight-week low on Tuesday after an unexpectedly weak US consumer confidence report for April, with investors growing cautious about a Federal Reserve meeting starting later in the day. That meeting could reinforce the view that th
Published 29 Apr, 2015 12:00am
Dollar slumps to three-week low in Europe

Dollar slumps to three-week low in Europe

The dollar hit a three-week low on Tuesday as investors eyed a US Federal Reserve meeting starting later in the day that could offer clues as to whether bets on an interest rate hike in the coming months are justified. Worries that the US economy is stall
Published 29 Apr, 2015 12:00am
Euro holds gains in Asia

Euro holds gains in Asia

  • The euro hovered near a three-week peak on Tuesday, having pushed higher overnight as the dollar came under broad pressure and on renewed hopes that cash-strapped Greece was a step closer to securing fresh funding. The dollar awaited US data later in th
Published 29 Apr, 2015 12:00am
Yuan rebounds

Yuan rebounds

China's yuan rebounded against the dollars on Tuesday after the central bank set a firmer midpoint, with traders suspecting big state-owned banks sold dollars to support the currency. The People's Bank of China (PBOC) set the midpoint at 6.1209 per dollar
Published 29 Apr, 2015 12:00am
FTSE falls after weak corporate updates, US data

FTSE falls after weak corporate updates, US data

Britain's top share index faced its biggest one-day drop in nearly a month on Tuesday, weighed down by a combination of disappointing corporate updates and weak US data. The FTSE 100 closed 73.45 points lower, or 1 percent, at 7,030.53 points, retreating
Published 29 Apr, 2015 12:00am
Indian shares rise

Indian shares rise

Indian shares rose about 1 percent on Tuesday, recovering from their lowest close in 3-1/2 months in the previous session, as blue-chip stocks such as ICICI Bank surged on value-buying. Gains were also helped by short-covering ahead of derivatives expiry
Published 29 Apr, 2015 12:00am
Southeast Asian stocks fall amid outflows

Southeast Asian stocks fall amid outflows

Southeast Asian stock markets pulled lower on Tuesday amid foreign outflows ahead of the Federal Reserve's policy meeting, with the Thai benchmark hitting its lowest in more than four weeks as investors awaited an interest rate decision. Bangkok's SET ind
Published 29 Apr, 2015 12:00am
Sri Lankan shares at seven-week high

Sri Lankan shares at seven-week high

Sri Lankan shares edged up to their highest close in seven weeks on Tuesday led by diversified shares, but volume was light as investors awaited cues from the political front ahead of a parliamentary vote on proposed constitutional reforms. The main stock
Published 29 Apr, 2015 12:00am
European shares slide as Atlas Copco and Commerzbank fall

European shares slide as Atlas Copco and Commerzbank fall

European stock markets dropped on Tuesday after some weaker-than-expected corporate updates, with mining equipment group Atlas Copco and Commerzbank among the hardest hit. European equities were also impacted by weak US consumer confidence data while Iran
Published 29 Apr, 2015 12:00am
China stocks ease off seven-year highs

China stocks ease off seven-year highs

China stocks ended lower on Tuesday, easing off a new seven-year high, as a tumble in start-up board ChiNext soured investor sentiment despite strength in banking stocks. ChiNext, which trade at nearly 100 times companies' earnings, slumped 3 percent, the
Published 29 Apr, 2015 12:00am
Hong Kong shares flat

Hong Kong shares flat

Hong Kong stocks ended flat on Tuesday as strength in financial shares was offset by a slump in oil giants PetroChina and Sinopec Corp. Shares of the oil companies had surged in the previous session on speculation they would merge, but PetroChina slumped
Published 29 Apr, 2015 12:00am
Australian shares fall

Australian shares fall

Australian shares fell on Tuesday as investors shrugged off a rebound in iron ore prices and booked gains after a recent winning streak. The S&P/ASX 200 index fell 0.6 percent or 34.2 points to 5948.5 by the close of trade. The benchmark hit a seven-year
Published 29 Apr, 2015 12:00am
US bonds prices flat

US bonds prices flat

US Treasuries prices were little changed on Monday as news suggesting progress for Greece to strike a deal with its lenders was offset by expectations the Federal Reserve will signal its intention to keep interest rates near zero. The US bond market has b
Published 29 Apr, 2015 12:00am
Barclays closes out pro-dollar FX bet

Barclays closes out pro-dollar FX bet

Barclays was the latest major bank to soften its stance on the dollar on Tuesday, forced to close out its rolling recommendation to buy the greenback against the euro after the past month's improvement for the single currency.
Published 29 Apr, 2015 12:00am
Japan's retail sales fall most in 17 years, keep BoJ pressured

Japan's retail sales fall most in 17 years, keep BoJ pressured

Japanese retail sales in March declined at their fastest annual pace in 17 years as consumer spending struggled to pick up a year after a sales-tax increase, keeping alive speculation the Bank of Japan will expand stimulus again later this year. Retail sa
Published 29 Apr, 2015 12:00am
Putin says Russian economy not in crisis

Putin says Russian economy not in crisis

Russian President Vladimir Putin said Tuesday the country's economy was not in crisis and that the worst was over, as the central bank is set to meet this week to decide whether to lower the interest rate following the ruble's rebound. "We have passed thr
Published 29 Apr, 2015 12:00am
BP profit bests forecasts

BP profit bests forecasts

BP reported higher than expected profit on Tuesday thanks to a jump in earnings from refining while the oil company's cash flow slumped after crude oil prices halved. The British oil giant responded to the sharp drop in oil prices in recent months with a
Published 29 Apr, 2015 12:00am
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