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Print - 2015-05-24
Sales tax harmony among provinces: SBP proposes effective mechanism

Sales tax harmony among provinces: SBP proposes effective mechanism

State Bank of Pakistan (SBP) has proposed Ministry of Finance/Federal Board of Revenue (FBR) to form an effective formal mechanism for consultation among provinces to bring harmony in sales tax applicable to banking services. It is learnt that the SBP has
Published 24 May, 2015 12:00am
Sales tax harmony among provinces: SBP proposes effective mechanism

Sales tax harmony among provinces: SBP proposes effective mechanism

State Bank of Pakistan (SBP) has proposed Ministry of Finance/Federal Board of Revenue (FBR) to form an effective formal mechanism for consultation among provinces to bring harmony in sales tax applicable to banking services. It is learnt that the SBP has
Published 24 May, 2015 12:00am
17 suspects held in search operation in Capital

17 suspects held in search operation in Capital

Islamabad Police arrested 17 suspects during search operation in various areas of the city, a police spokesman said. He said IGP Islamabad Tahir Alam Khan directed all Sub-Divisional Police Officers (SDPOs) and SHOs to enhance patrolling as well as checki
Published 24 May, 2015 12:00am
NAB Multan files first reference in embezzlement case

NAB Multan files first reference in embezzlement case

The National Accountability Bureau (NAB) Multan Regional Bureau has filed its first corruption reference against Sheikh Zaka-ur-Rehman s/o Baha Uddin Haji, a press release issued on Saturday says. In this case, NAB received complaints against the accused
Published 24 May, 2015 12:00am
LCCI hails rate cut

LCCI hails rate cut

The Lahore Chamber of Commerce and Industry (LCCI) has hailed the State Bank of Pakistan's (SBP) decision to cut interest rate by one percent, saying it will help stimulate the private sector growth. Chamber President Ijaz Mumtaz said, "The governor of th
Published 24 May, 2015 12:00am
SHC restrains police from arresting Mirza

SHC restrains police from arresting Mirza

Sindh High Court (SHC) on Saturday barred police from arresting former home minister Zulfiqar Mirza in any of the cases registered against him. The order came in the wake of police crackdown against the guards of Mirza outside the SHC. Mirza was in the co
Published 24 May, 2015 12:00am
'Another wave of price surge is in pipeline after GIDC'

'Another wave of price surge is in pipeline after GIDC'

Another wave of price surge of all products is in pipeline and the common man seems to be feeling hard pressed, as the implementation of Gas Infrastructure Development Cess (GIDC) will further show its impact on rates of daily use items. Senator Abdul Has
Published 24 May, 2015 12:00am
PHC moved against Dir district by poll results

PHC moved against Dir district by poll results

A petition was filed in Peshawar High Court (PHC) on Saturday, seeking to nullify the results of by-elections held in Dir district of Khyber Pakhtunkhwa. According to reports, 12 women had jointly filed the petition. It said political parties had joined h
Published 24 May, 2015 12:00am
APTMA welcomes cut in policy rate
Currency

APTMA welcomes cut in policy rate

All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer has welcomed a reduction in policy rate by 100 basis points by the State Bank of Pakistan here on Saturday. "It will provide relief to the industry, especially the textile industry which
Published 24 May, 2015 12:00am
Roof collapse 39 students, two teachers injured

Roof collapse 39 students, two teachers injured

39 students including two lady teachers were injured as the roof of a private school's classroom collapsed in Basti Ali Wala at Muzaffargarh Road here on Saturday. Rescue 1122 spokesman said the construction work was in progress in a shop adjacent to the
Published 24 May, 2015 12:00am
LG polls in KP: electioneering attains its peak

LG polls in KP: electioneering attains its peak

As countdown for May 30 local bodies 'elections in Khyber Pakhtunkhwa started; electioneering is reached at its climax with political parties determinedly upbeat and pulling out all the razzmatazz. With less than a week left, the election campaign is reac
Published 24 May, 2015 12:00am
First-ever vice chairman of IBC elected

First-ever vice chairman of IBC elected

After electing first-ever vice chairman of Islamabad Bar Council (IBC), Muhammad Shoaib Shaheen, the IBC became operational. Islamabad lawyers on May 2, 2015 elected five IBC members for a five-year term and on Saturday IBC members Qazi Rafiuddin Babar, H
Published 24 May, 2015 12:00am
Five security personnel hurt in road mishap

Five security personnel hurt in road mishap

Five security personnel were injured where a vehicle of security forces overturned here on Saturday. Sources said that a vehicle carrying security personnel turned turtle due to over speeding in Dar Sumandari area of Hangu. Five security personnel sustain
Published 24 May, 2015 12:00am
KP to elect over 44,000 LG representatives: minister

KP to elect over 44,000 LG representatives: minister

KP Minister for Local Government Inayatullah Khan has said that the electorates of the province will elect over 44,000 local government representatives under the Local Government Act 2013. He stated this while addressing a one-day conference on "Civil Eng
Published 24 May, 2015 12:00am
Summer Festival starts in Peshawar

Summer Festival starts in Peshawar

A two-day colourful and diverse extravaganza 'Summer Festival', organizing by Tourism Corporation Khyber Pakhtunkhwa in collaboration with district administration started at Peshawar Ladies Club on Saturday. A total of 25 installs were setup at the festiv
Published 24 May, 2015 12:00am
Kashmir is globally recognized dispute: envoy

Kashmir is globally recognized dispute: envoy

Pakistan's Ambassador to Germany, Syed Hasan Javed has said that Jammu & Kashmir is an internationally recognized disputed territory and any effort by the Indian Government to change the demography of the region is against the UN Security Council's Resolu
Published 24 May, 2015 12:00am
Suicide bomber turns out to be a prayer leader

Suicide bomber turns out to be a prayer leader

A prayer leader blew himself up in Charsadda's Shabqadar area. According to district police chief (DPO) Shafiullah, law enforcement agencies were suspicious of prayer leader Qari Naeemullah. He blew himself up when the policemen tried to stop him. The DPO
Published 24 May, 2015 12:00am
TTP's alleged financier arrested

TTP's alleged financier arrested

A criminal of Tehreek Taliban Pakistan (TTP) was arrested during a police raid here on Saturday. According to police sources, the arrested criminal, Rashid, was involved in providing financial assistance to the banned terrorist outfit. Police sources said
Published 24 May, 2015 12:00am
Warid marks 10 years of service in Pakistan

Warid marks 10 years of service in Pakistan

Warid Telecom, an Abu Dhabi Group owned company, marks its 10th year of service excellence in Pakistan. Within its first decade, the company has earned a name in the market indicating quality & reliability. Recognized as Pakistan's most trusted cellular s
Published 24 May, 2015 12:00am
Farmers warned of pest, viral attacks on sugarcane crop
Cotton

Farmers warned of pest, viral attacks on sugarcane crop

The Met Office has warned the farmers of pest and viral attacks on sugarcane crop following the recent rains, and urged them for timely precautionary measures. "Pest/viral attacks are expected after recent rains on sugarcane crop," Met Office said here on
Published 24 May, 2015 12:00am
Safoora carnage One more suspect arrested

Safoora carnage One more suspect arrested

Counter Terrorism Department (CTD) officials on Saturday arrested another suspected terrorist from Hyderabad who was involved in killing of 46 people in an attack on bus near Safoora Chowrangi. The CTD officials also conducted raids in other areas of Hyde
Published 24 May, 2015 12:00am
60 spots raided under KE's operation Burq

60 spots raided under KE's operation Burq

The K-Electric's (KE's) operation Burq continues, and with the help of Sindh Police, Rangers and the FIA almost 60 different spots were raided on Saturday which included the residence of a highly influential person belonging to a political party, a genera
Published 24 May, 2015 12:00am
Cases involving dishonour of cheque increase

Cases involving dishonour of cheque increase

The ratio of white-collar crime, dishonouring of cheques, has badly increased like other crimes including burglary, car snatching and motorcycle theft in the heavily guarded federal capital during the last week. According to data gathered by Business R
Published 24 May, 2015 12:00am
Government urged to tax all incomes

Government urged to tax all incomes

President Pakistan Businessmen and Intellectuals Forum (PBIF) and former provincial minister Mian Zahid Hussain has urged the government that it must improve tax administration and slap taxes on all incomes including farming profits to benefit 200 million
Published 24 May, 2015 12:00am
Stosur warms up for Paris with Strasbourg title

Stosur warms up for Paris with Strasbourg title

Former French Open finalist Samantha Stosur, warmed up for her bid in Paris this year, by defeating French player Kristina Mladenovic 3-6, 6-2, 6-3 to win the WTA Strasbourg Open on Saturday. The 31-year-old Australian, who defeated Serena Williams to win
Published 24 May, 2015 12:00am
Djokovic on brink of Grand Slam history in Paris

Djokovic on brink of Grand Slam history in Paris

Novak Djokovic can become just the eighth man to complete the career Grand Slam with a maiden French Open victory, but the world number one fears fate may conspire against him in Paris. Djokovic, who turned 28 on Friday, is the overwhelming favourite to l
Published 24 May, 2015 12:00am
Champions Bayern sign off with win over Mainz

Champions Bayern sign off with win over Mainz

Champions Bayern Munich ended their three-match losing streak in the Bundesliga with a season-ending 2-0 win over Mainz on Saturday as Hamburg and Stuttgart avoided relegation. A Robert Lewandowski penalty and Bastian Schweinsteiger goal saw Bayern bounce
Published 24 May, 2015 12:00am
Serena and Sharapova set for Paris showdown

Serena and Sharapova set for Paris showdown

The two biggest names and highest earners in women's sport will set off on another collision course when the French Open gets underway at Roland Garros on Sunday. Serena Williams is a 19-time Grand Slam winner, at 33 still the undisputed queen of tennis a
Published 24 May, 2015 12:00am
FIFA candidates targeted in blackmail scam

FIFA candidates targeted in blackmail scam

Two men who launched challenges to Sepp Blatter for the leadership of world football body FIFA have been targeted in an attempted blackmail scam, a report said on Saturday. Prince Ali bin al Hussein and Michael van Praag, who has now pulled out of the rac
Published 24 May, 2015 12:00am
Williamson ton puts New Zealand on top against England

Williamson ton puts New Zealand on top against England

Kane Williamson's century gave New Zealand a significant lead over England in the first Test at Lord's on Saturday. New Zealand were 507 for eight at tea on the third day, 118 runs ahead following England's first innings 389. Williamson made 132, having s
Published 24 May, 2015 12:00am
Selection, fitness problems again surface in first Twenty20

Selection, fitness problems again surface in first Twenty20

Although Pakistan had won the first Twenty20 match against Zimbabwe, one dropped catch, two missed stumpings, several extra runs conceded through sloppy fielding and the dismissal of Mohammad Hafeez, Shoaib Malik and Umer Akmal raise many questions over s
Published 24 May, 2015 12:00am
Juve parade silverware, Napoli in Champions League limbo

Juve parade silverware, Napoli in Champions League limbo

League and Cup winners Juventus paraded their double haul of trophies in Turin on their way to a 3-1 over Napoli Saturday which left Rafael Benitez's men walking a Champions League qualifying tightrope. Juventus outclassed Lazio 2-1 in the Cup final on We
Published 24 May, 2015 12:00am
Sri Lanka to prosecute sex-bribe accused

Sri Lanka to prosecute sex-bribe accused

Sri Lankan authorities Saturday said they would initiate criminal action against two men managing the women's cricket team following allegations they demanded sexual favours from team members to guarantee their positions. Sports ministry spokesman Srilal
Published 24 May, 2015 12:00am
Pakistan savour return of international cricket

Pakistan savour return of international cricket

Pakistan Saturday celebrated the return of international cricket to the country, with head coach Waqar Younis saying a Twenty20 win was the "icing on the cake". Friday's Twenty20 game between Pakistan and Zimbabwe was the first international match in Paki
Published 24 May, 2015 12:00am
Libyans arrest 600 Europe-bound illegal migrants

Libyans arrest 600 Europe-bound illegal migrants

Libyan authorities on Saturday arrested about 600 illegal migrants from African countries who were planning to sail to Europe, a coastguard official said. The migrants were rounded up during a huge crackdown in the Tripoli region during which telecommunic
Published 24 May, 2015 12:00am
Dozens killed in al Shabaab fighting in Somalia

Dozens killed in al Shabaab fighting in Somalia

Fighting in south Somalia between al Shabaab militants and government forces killed at least 24 people, while a rebel attack in the capital killed three Transport Ministry workers and a lawmaker, officials and the group said on Saturday. Al Shabaab launch
Published 24 May, 2015 12:00am
Cannes race wide open on awards eve

Cannes race wide open on awards eve

The competition for the Palme d'Or at the Cannes Film Festival wrapped up Saturday with a clutch of favourites jockeying for one of global cinema's most coveted prizes. A Cate Blanchett lesbian love story, a gruelling Auschwitz drama, an all-star tableau
Published 24 May, 2015 12:00am
US cop acquitted in shooting death of unarmed black couple

US cop acquitted in shooting death of unarmed black couple

A white Cleveland police officer who climbed onto the hood of a car and fired several rounds at an unarmed black couple in 2012 was acquitted of voluntary manslaughter Saturday. The verdict comes amid widespread tensions in the United States over police t
Published 24 May, 2015 12:00am
Ethiopia readies for elections but outcome not in doubt

Ethiopia readies for elections but outcome not in doubt

Ethiopia, Africa's second-most populous country, readied Saturday for the first general election since the death of strongman Meles Zenawi, whose successor Hailemariam Desalegn is all but certain to stay in office. Over 36.8 million Ethiopians have regist
Published 24 May, 2015 12:00am
SU training workshop for officers concludes

SU training workshop for officers concludes

The 2nd indigenous on campus training (IOT) workshop for the management cadre (BPS-16 and above) officers concluded here other day. Dean Faculty of Natural Sciences Dr Abdul Rasool Abbasi presided over the concluding ceremony. The workshop comprising 15 s
Published 24 May, 2015 12:00am
Fazl calls on Punjab chief minister

Fazl calls on Punjab chief minister

Jamiat Ulema-e-Islam (F) Chief Maulana Fazal-ur-Rehman called on Punjab Chief Minister Shahbaz Sharif, here on Saturday. Matters of mutual interest, political situation and other affairs were discussed during the meeting. Speaking on the occasion, Shahbaz
Published 24 May, 2015 12:00am
Role of prosecutors in criminal justice system termed vital

Role of prosecutors in criminal justice system termed vital

Judge Supreme Court of Pakistan, Justice Dost Muhammad Khan says, "Just and simple life of the Holy Prophet(PBUH) offers us a great message but unfortunately we are not following the fundamental principles of Islam and those also of our Holy Prophet (SAW)
Published 24 May, 2015 12:00am
'UK government committed to productive partnership with Pakistan'

'UK government committed to productive partnership with Pakistan'

Member of British House of Lords Baroness Nosheena Mobarik, who is currently in Lahore, has said her government is committed to a long-term, productive and friendly partnership with Pakistan. She told the Lahore Chamber of Commerce and Industry President
Published 24 May, 2015 12:00am
Minor girl raped, strangled

Minor girl raped, strangled

A minor girl was strangled to death after being raped by unidentified persons in the Sirikort area of Haripur, police officials said on Saturday. After an autopsy was conducted, doctors confirmed that the eight-year-old girl, whose identity has not been a
Published 24 May, 2015 12:00am
WWF-Pakistan celebrates World Turtle Day

WWF-Pakistan celebrates World Turtle Day

WWF-Pakistan celebrated World Turtle Day to increase knowledge of freshwater and marine turtles among people and encourage human action to help them survive. In Pakistan, there are two species of land tortoises, five species of marine turtles and eight sp
Published 24 May, 2015 12:00am
Minister spells out prospects of CPEC

Minister spells out prospects of CPEC

Federal Minister of Planning, Development and Reform, Professor Ahsan Iqbal, has said that maximum benefits would be achieved from the China-Pakistan Economic Corridor undertaken by both the countries and bilateral co-operation would grow from strength to
Published 24 May, 2015 12:00am
TEVTA recruiting new teachers on merits

TEVTA recruiting new teachers on merits

"Technical Education and Vocational Training Authority (TEVTA) has been recruiting new teachers for its institutes across the Punjab. Teachers for the post from Grades 14 to 17 are being inducted," Chairperson Irfan Qaiser Shaikh told in the meeting about
Published 24 May, 2015 12:00am
GB elections to be held on June 8: Birjees

GB elections to be held on June 8: Birjees

Gilgit-Baltistan Governor and Federal Minister for Kashmir Affairs Chaudhry Barjees Tahir has announced that elections in Gilgit-Baltistan will be held on June 08 in a transparent way. After a speech in a function at the Government College for Women, in G
Published 24 May, 2015 12:00am
Future of Pakistan linked with provision of quality education: minister

Future of Pakistan linked with provision of quality education: minister

Provincial Minister for Education Rana Mashhood Ahmad Khan has said the future of Pakistan is linked with the provision of quality education and the Punjab government is utilising all resources for achieving this objective. He said that holding of childre
Published 24 May, 2015 12:00am
Prices of essential items witness upward trend

Prices of essential items witness upward trend

The prices of essential kitchen items have increased as compared last week, reveals a survey conducted by Business Recorder here on Saturday. The survey observed that the prices of most of the vegetables, fruits, chicken and eggs during the week un
Published 24 May, 2015 12:00am
Oracle, Development Community celebrate 20 years of Java

Oracle, Development Community celebrate 20 years of Java

Java, the programming language powering seven billions devices worldwide, has completed 20 years of excellence; Oracle, users and the development community consisting of over nine million developers worldwide are celebrating the success. Today, Java serve
Published 24 May, 2015 12:00am
The proverbial tax net

The proverbial tax net

Business Recorder's regular op-ed writers "Huzaima Bukhari and Dr Ikramul Haq" have underscored the need for the creation of "National Taxation Authority". In this regard, they have argued, inter alia: "For harnessing the full tax potential at federal, pr
Published 24 May, 2015 12:00am
Gulf producers to resist cuts at Opec meet: analysts

Gulf producers to resist cuts at Opec meet: analysts

Gulf oil producers, led by Saudi Arabia, will resist attempts to cut output at an Opec meeting next month as preserving market share remains their top priority, industry analysts said. A decision by the 12-member Organisation of Petroleum Exporting Countr
Published 24 May, 2015 12:00am
Obama stays the course despite IS group's advance

Obama stays the course despite IS group's advance

President Barack Obama's war strategy failed to stop Islamic State from overrunning Ramadi but he appears reluctant to change course despite the group's advances on the battlefield. The disastrous fall of the Iraqi city exposed the limits of Obama's polic
Published 24 May, 2015 12:00am
Sad media campaign

Sad media campaign

Having nearly succeeded in defanging Iran's nuclear programme, the West is now set about neutralizing Pakistan's nuclear weapon capability. To undermine Pakistan's nuclear programme, a media campaign was launched as soon as the P5+1 clinched the 'framewor
Published 24 May, 2015 12:00am
A timely clarification

A timely clarification

Federal Finance Minister Mohammad Ishaq Dar has done well to timely clarify that there shall be no tax on foreign remittances. He has, therefore, laid to rest any apprehension that may have risen in recent days. How ironic it is that those who man country
Published 24 May, 2015 12:00am
Dutch immigrant kids take to street demanding 'white' classmates

Dutch immigrant kids take to street demanding 'white' classmates

Faced with an increasingly segregated education system, Dutch immigrant children have taken to the streets of their ethnically mixed Amsterdam neighbourhood seeking "white" pupils to attend their schools and help their integration. Around 100 schoolchildr
Published 24 May, 2015 12:00am
Peru to import 135,000 bbls of liquefied petroleum gas

Peru to import 135,000 bbls of liquefied petroleum gas

Peru will import 135,000 barrels of liquefied petroleum gas (LPG) to cover a lack of supplies in Lima, the capital, after pipeline problems, the government said on Friday. The local units of Repsol and Grupo Zeta, which distribute LPG for use in homes and
Published 24 May, 2015 12:00am
EDF makes indicative offer for Areva reactors arm

EDF makes indicative offer for Areva reactors arm

French power utility EDF has made an indicative offer for nuclear group Areva's reactors business, a spokesman for Areva said. Les Echos newspaper, citing sources, said the bid was worth just over 2 billion euros ($2.2 billion). "We have duly received a l
Published 24 May, 2015 12:00am
California water board approves voluntary cutback program by growers

California water board approves voluntary cutback program by growers

California water regulators on Friday said they had approved a plan by some of the state's most senior water rights holders to voluntary cut back water use by 25 percent in exchange for assurances that they would not face further cuts during the growing s
Published 24 May, 2015 12:00am
Pipeline spill could further hamper big California oil projects

Pipeline spill could further hamper big California oil projects

Hundreds of barrels of oil that gushed from a ruptured coastal pipeline in scenic California this week could stiffen opposition to large oil projects that companies want to build in the state, notably those to deliver cheap US crude on trains. Several pro
Published 24 May, 2015 12:00am
Ethanol shipments disrupted at Kinder Morgan's Argo hub

Ethanol shipments disrupted at Kinder Morgan's Argo hub

Shipments of ethanol into Kinder Morgan's terminal at the US hub of Argo, Illinois, were disrupted this week due to a train derailment at the company's terminal, a company spokesman told Reuters on Friday. Two cars of a train carrying ethanol and operated
Published 24 May, 2015 12:00am
Raiffeisen Bank International profit nearly halves
Currency

Raiffeisen Bank International profit nearly halves

Raiffeisen Bank International's (RBI) first-quarter profit fell by nearly half, showing the impact of a squeeze on the bank's income even though bad debt charges fell. The second-biggest lender in emerging Europe also reiterated on Thursday it might repor
Published 24 May, 2015 12:00am
Raiffeisen Bank International profit nearly halves
Currency

Raiffeisen Bank International profit nearly halves

Raiffeisen Bank International's (RBI) first-quarter profit fell by nearly half, showing the impact of a squeeze on the bank's income even though bad debt charges fell. The second-biggest lender in emerging Europe also reiterated on Thursday it might repor
Published 24 May, 2015 12:00am
China and Peru agree to study transcontinental rail link

China and Peru agree to study transcontinental rail link

China and Peru have agreed to study the feasibility of a controversial 5,300 km (3,300 miles) transcontinental railroad that will connect Peru's Pacific coast with Brazil's Atlantic coast, China's official Xinhua News Agency reported. The agreement came a
Published 24 May, 2015 12:00am
Vienna Insurance pre-tax profit fall 15 percent

Vienna Insurance pre-tax profit fall 15 percent

First-quarter pre-tax profit at Vienna Insurance Group (VIG) fell 15.2 percent to 130.9 million euros ($145.5 million), missing market expectations, while premiums edged up to 2.76 billion euros, it said on Wednesday. "The historically low interest rates
Published 24 May, 2015 12:00am
Vienna Insurance pre-tax profit fall 15 percent

Vienna Insurance pre-tax profit fall 15 percent

First-quarter pre-tax profit at Vienna Insurance Group (VIG) fell 15.2 percent to 130.9 million euros ($145.5 million), missing market expectations, while premiums edged up to 2.76 billion euros, it said on Wednesday. "The historically low interest rates
Published 24 May, 2015 12:00am
Draghi urges eurozone to unite for economic reform

Draghi urges eurozone to unite for economic reform

European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc's economies, saying sharing sovereignty was an opportunity and not a threat. Draghi is pushing governments not to waste the time ECB mone
Published 24 May, 2015 12:00am
Draghi urges eurozone to unite for economic reform

Draghi urges eurozone to unite for economic reform

European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc's economies, saying sharing sovereignty was an opportunity and not a threat. Draghi is pushing governments not to waste the time ECB mone
Published 24 May, 2015 12:00am
Apax Global aims to raise $279 million in London listing

Apax Global aims to raise $279 million in London listing

Private equity advisory firm Apax Global Alpha announced plans to raise 250 million euros ($279 million) in a London listing, as it looks to raise funds for more investment opportunities. The firm has conditionally secured commitments worth 135 million eu
Published 24 May, 2015 12:00am
Rocket eyes IPOs of fashion, food groups

Rocket eyes IPOs of fashion, food groups

German e-commerce investor Rocket Internet aims to float two of its holdings, Global Fashion Group and Global Online Takeaway Group, monthly Manager Magazin reported. Shares in the two firms could start trading on the stock exchange later this year or in
Published 24 May, 2015 12:00am
Canadian public pension fund looking at deals in energy sector

Canadian public pension fund looking at deals in energy sector

The Canada Pension Plan Investment Board (CPPIB), one of the world's biggest dealmakers, is looking at deals in the energy sector as a selloff in the price of oil makes valuations more appealing, its top executive said on Thursday. The fund, which deliver
Published 24 May, 2015 12:00am
Canadian public pension fund looking at deals in energy sector

Canadian public pension fund looking at deals in energy sector

The Canada Pension Plan Investment Board (CPPIB), one of the world's biggest dealmakers, is looking at deals in the energy sector as a selloff in the price of oil makes valuations more appealing, its top executive said on Thursday. The fund, which deliver
Published 24 May, 2015 12:00am
Dollar rallies on US price data, Fed's Yellen rate talk
Currency

Dollar rallies on US price data, Fed's Yellen rate talk

The US dollar turned higher on Friday, spurred off early losses after a US inflation report that indicated underlying pressures are building bolstered the case for the US Federal Reserve to raise interest rates later this year. Remarks by Fed Chair Janet
Published 24 May, 2015 12:00am
Citi no longer expects Bund yields to turn negative this year

Citi no longer expects Bund yields to turn negative this year

Citi no longer expects yields on German 10-year bonds to turn negative this year, after a sharp sell-off triggered by receding fears of deflation in the euro zone. The bank had previously expected yields to touch -0.05 percent by the end of the third quar
Published 24 May, 2015 12:00am
Citi no longer expects Bund yields to turn negative this year

Citi no longer expects Bund yields to turn negative this year

Citi no longer expects yields on German 10-year bonds to turn negative this year, after a sharp sell-off triggered by receding fears of deflation in the euro zone. The bank had previously expected yields to touch -0.05 percent by the end of the third quar
Published 24 May, 2015 12:00am
Speculators pare dollar bets to lowest since late July
Currency

Speculators pare dollar bets to lowest since late July

Speculators further scaled back bullish bets on the US dollar in the latest week, pushing the currency's net long position to the lowest in over nine months, according to Reuters calculations and data from the Commodity Futures Trading Commission released
Published 24 May, 2015 12:00am
Swedish elevator maker Alimak to announce listing plans soon

Swedish elevator maker Alimak to announce listing plans soon

Swedish elevator maker Alimak will in the next few days announce plans to list its shares next month on the Stockholm stock exchange, people familiar with the matter said. So far this year five companies have made their market debut on the Stockholm stock
Published 24 May, 2015 12:00am
Swedish elevator maker Alimak to announce listing plans soon

Swedish elevator maker Alimak to announce listing plans soon

Swedish elevator maker Alimak will in the next few days announce plans to list its shares next month on the Stockholm stock exchange, people familiar with the matter said. So far this year five companies have made their market debut on the Stockholm stock
Published 24 May, 2015 12:00am
Southeast Asia's FX reserves are small change versus external debts

Southeast Asia's FX reserves are small change versus external debts

The uptick in Southeast Asia's forex reserves last month is a respite after a drop of about $60 billion since mid-2014. But the gain of less than 1 percent is hardly boosting coverage for the region's external finances, which are more stretched than they
Published 24 May, 2015 12:00am
Canadian dollar stumbles to five week low as greenback rallies

Canadian dollar stumbles to five week low as greenback rallies

The Canadian dollar sagged on Friday to its weakest in more than a month against a rallying US dollar following North American economic data that buttressed expectations that the US Federal Reserve will hike interest rates sometime this year. Mixed Canadi
Published 24 May, 2015 12:00am
German bond yields on track for first weekly fall in five weeks

German bond yields on track for first weekly fall in five weeks

German bond yields headed for their first weekly fall in five weeks on Friday as the market focused again on central banks' continued use of heavy stimulus, which is helping to bring stability after weeks of violent price swings. The first fall in German
Published 24 May, 2015 12:00am
German bond yields on track for first weekly fall in five weeks

German bond yields on track for first weekly fall in five weeks

German bond yields headed for their first weekly fall in five weeks on Friday as the market focused again on central banks' continued use of heavy stimulus, which is helping to bring stability after weeks of violent price swings. The first fall in German
Published 24 May, 2015 12:00am
Germany's Schaeuble welcomes rise in German Bund yields
Currency

Germany's Schaeuble welcomes rise in German Bund yields

German Finance Minister Wolfgang Schaeuble told Reuters that the recent rise in the yields of long-term German government debt was a move in the right direction and boded well for life insurers. Last week, Germany's 10-year borrowing costs rose at a debt
Published 24 May, 2015 12:00am
Germany's Schaeuble welcomes rise in German Bund yields
Currency

Germany's Schaeuble welcomes rise in German Bund yields

German Finance Minister Wolfgang Schaeuble told Reuters that the recent rise in the yields of long-term German government debt was a move in the right direction and boded well for life insurers. Last week, Germany's 10-year borrowing costs rose at a debt
Published 24 May, 2015 12:00am
TSX eases after recent rally as energy, financials slip

TSX eases after recent rally as energy, financials slip

Canada's main stock index barely retreated on Friday, with cooling energy and financial stocks weighing, after the index posted gains in four of the previous five sessions. Investors took a cautious approach ahead of a US trading holiday on Monday, though
Published 24 May, 2015 12:00am
Thai small-company bourse expects to attract 20 IPOs in 2015

Thai small-company bourse expects to attract 20 IPOs in 2015

Thailand''s stock market for small companies, which has only attracted three new listings so far this year, will meet its 2015 target and match last year''s total of 20, the bourse president said on Thursday. Prapan Charoenprawatt told Reuters he expects
Published 24 May, 2015 12:00am
Thai small-company bourse expects to attract 20 IPOs in 2015

Thai small-company bourse expects to attract 20 IPOs in 2015

Thailand's stock market for small companies, which has only attracted three new listings so far this year, will meet its 2015 target and match last year's total of 20, the bourse president said on Thursday. Prapan Charoenprawatt told Reuters he expects sm
Published 24 May, 2015 12:00am
Thai small-company bourse expects to attract 20 IPOs in 2015

Thai small-company bourse expects to attract 20 IPOs in 2015

Thailand's stock market for small companies, which has only attracted three new listings so far this year, will meet its 2015 target and match last year's total of 20, the bourse president said on Thursday. Prapan Charoenprawatt told Reuters he expects sm
Published 24 May, 2015 12:00am
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