Shares in Siltronic, the world's third biggest maker of the silicon wafers used in semiconductor chips, rose nearly 10 percent in their stock market debut in Frankfurt on Thursday, joining in a wave of initial public offerings across Europe. Siltronic sha
Cairn Homes, the first Irish housebuilder to float in almost 20 years, made a strong market debut on Wednesday, as investors bet on the robust recovery of a property market still grappling with the fallout from the financial crisis. Shares in the company
Cairn Homes, the first Irish housebuilder to float in almost 20 years, made a strong market debut on Wednesday, as investors bet on the robust recovery of a property market still grappling with the fallout from the financial crisis. Shares in the company
Anglo American Platinum is considering floating its labour-intensive South African mines around Rustenburg rather than selling them because the offers it has received are too low, a company and banking source said on Friday. "It is definitely on the table
Anglo American Platinum is considering floating its labour-intensive South African mines around Rustenburg rather than selling them because the offers it has received are too low, a company and banking source said on Friday. "It is definitely on the table
US Treasuries prices ended little changed on Friday with longer-dated yields holding below seven-month highs as concerns about a Greek default supported safety demand for bonds ahead of a Federal Reserve policy meeting next week. The bond market had attem
US Treasuries prices ended little changed on Friday with longer-dated yields holding below seven-month highs as concerns about a Greek default supported safety demand for bonds ahead of a Federal Reserve policy meeting next week. The bond market had attem
Global corporate bond defaults are running at their fastest pace, year-to-date, since 2009, Standard & Poor's said in a study published on Friday. Fifty companies have defaulted on their bonds, nearly double the rate of defaults during the same period a y
Global corporate bond defaults are running at their fastest pace, year-to-date, since 2009, Standard & Poor's said in a study published on Friday. Fifty companies have defaulted on their bonds, nearly double the rate of defaults during the same period a y
China's orphan stocks face a tough homecoming from America. Soaring mainland stock markets have prompted at least fourteen Chinese companies with a combined value of $16.5 billion to seek a de-listing so far this year. But rigid rules make going public ba
Brazilian equities, which have staged a mild recovery this year in spite of a steep economic downturn, could face declines in coming weeks as some stocks remain overpriced and earnings estimates could undergo a wave of downward revisions, strategists at S
Buried in the data the European Central Bank provides about its asset buying programme are hints about which bonds it might buy next, which some investors hope can give them an advantage. An initial bond market rally after the programme was announced stop
Buried in the data the European Central Bank provides about its asset buying programme are hints about which bonds it might buy next, which some investors hope can give them an advantage. An initial bond market rally after the programme was announced stop
China has approved its first real estate investment trust (REIT) public offering, which will consist of office properties owned by China Vanke and managed by Penghua Fund Management, the country's largest property developer said on Tuesday. The REIT will
China has approved its first real estate investment trust (REIT) public offering, which will consist of office properties owned by China Vanke and managed by Penghua Fund Management, the country's largest property developer said on Tuesday. The REIT will
Belgian pharmaceuticals group Mithra, a specialist in women's healthcare, will list on the Brussels stock exchange to fund research for new medicines, the group said on Monday. Mithra, based in Liege in the east of the country, makes contraceptive pills a
Belgian pharmaceuticals group Mithra, a specialist in women's healthcare, will list on the Brussels stock exchange to fund research for new medicines, the group said on Monday. Mithra, based in Liege in the east of the country, makes contraceptive pills a
European Union wheat futures dropped on Wednesday as the US Department of Agriculture (USDA) raised its estimate of the US wheat harvest above analysts' expectations. December wheat, the new crop benchmark on the Paris-based Euronext market, unofficially
Prices of alumina in China have fallen more than 10 percent since January and are unlikely to recover this year as lower production costs encourage refineries to boost output, industry sources in the country said. Refiners usually sell alumina to aluminiu
Coffee sales from Vietnam, the world's top robusta producer, have been steady in the past week as speculators extended offloading, while thin supply from Indonesia's harvest hardly meets domestic demand, traders said on Thursday. A gain in robusta futures
US natural gas futures fell over 2 percent on Friday on forecasts for weaker demand over the next two weeks and mostly improving production as pipelines exit maintenance work. Front-month gas futures on the New York Mercantile Exchange closed down 7.5 cen
US FOB Gulf wheat basis offers fell on Friday pressured by harvest and continued weak export demand while corn and soyabeans were steady in quiet markets, traders said. Soft red winter wheat offers at the New Orleans Gulf fell 5 to 8 cents a bushel late F
China, the world's second-largest corn consumer, is likely to cut the government support price for the 2015/16 harvest to encourage greater use of domestic grain and bring down the volume of cheap imports, industry sources said. Beijing's buying scheme, a
Iron ore futures in China jumped nearly 4 percent at one stage on Thursday to their highest since March, extending sharp gains from the previous session amid tighter stocks at the country's ports. Gains in futures are likely to give a further boost to spo
Spot basis bids for hard red winter wheat were unchanged in the southern US Plains crop belt on Friday and country offerings were light while rains stalled the harvest in parts of Oklahoma, dealers said. Delays should persist as storms over the next five
Prices halted decline on the cotton market on Saturday as needy spinners indulged in buying to meet their needs, dealers said. The official spot rate was unchanged at Rs 5450, dealers said. In the ready session, over 5000 bales of cotton changed hands bet
The July vaida was down on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The July vaida closed at Rs 1847.00 and it opened with a fall of 50 paisa at Rs 1846.50 in the morning session, they said. The December v
A lack of fresh buying demand has kept Asia's rice markets muted this week, keeping prices low in both Thailand and Vietnam, while buyers may wait for prices to soften further when a new harvest begins in Vietnam next month, traders said on Wednesday. Las
China's natural gas output fell 2 percent in May from a year earlier, official data showed on Thursday, its second straight month of decline as the market expects Beijing to announce another price cut in the coming months to lift slowing demand. Output re
ICE Canadian canola futures dipped on Friday, registering a 2.4 percent weekly loss, on a lack of buying demand in thin trading volume. Trade eyeing rain forecast for Friday and weekend in dry parts of Western Canada. Alberta top soil moisture rated 43 pe
A Syrian state grains agency has issued an international tender to purchase and import 150,000 tonnes of milling wheat, with payment offered using an Iranian credit line, European traders said on Friday. The tender deadline is June 16, traders said.
Prices moved both ways on the wholesale grain market on Saturday in the process of modest trading, dealers added. On the cereals side, Moong Punjab was higher by Rs 625 to Rs 11500, Moong Afghan followed same pattern, picking up Rs 375 to Rs 12500, other
Wheat futures on the Chicago Board of Trade posted modest declines on Friday as ample world supplies and strong export competition overshadowed fund short-covering and worries about US harvest delays. CBOT July wheat dipped to a 1-1/2 week low of $5.00-1/
Prices on the European vegetable oils market were mixed on Friday as the market reacted to earlier losses in Malaysian palm oil and US soyaoil futures, as well as fresh movements in the euro-dollar rate. Activity was light after a volatile week that has s
Tunisia's state grains agency has purchased about 92,000 tonnes of soft wheat, 59,000 tonnes of durum wheat and 50,000 tonnes of feed barley in a tender that closed on Friday, European traders said. All the grains can be sourced from optional origins, the
The rupee managed to recover modestly against the dollar on the currency market on Saturday in the process of trading, they said. The rupee gained 10-paisa in relation to the dollar for buying and selling at Rs 102.90 and Rs 103.10 respectively, however i
The rupee managed to recover modestly against the dollar on the currency market on Saturday in the process of trading, they said. The rupee gained 10-paisa in relation to the dollar for buying and selling at Rs 102.90 and Rs 103.10 respectively, however i
US State department has urged the two neighbours to resolve their issues and take steps to lower the tensions after tensions grew on both sides following some harsh statements from the Indian political leadership. As per reports, the US State department s
Pakistan Tehreek-e-Insaf (PTI) demanded on Saturday to convert Judicial Commission into the Investigation Commission. Head of PTI's legal team, Abdul Hafeez Pirzada, sent an 'emergency' letter to the Judicial Commission. Through which he stated that PTI a
Accountability Court of Karachi on Saturday declared 150 suspects in Nato containers theft case innocent due to lack of proof. The suspects include Custom officials and clearing agents. Dunya News exposed the scandal of thousands of Nato containers being
Finance Minister Senator Mohammad Ishq Dar here Saturday met a delegation of the Pakistan Broadcasters Association, APNS and CPNE. The delegation comprised, among others Hameed Haroon, Mujeeb ur Rehman Shami, Rehmat Ali Razi, Arshad Zuberi, Jamil Ather, M
Finance Minister Senator Mohammad Ishq Dar here Saturday met a delegation of the Pakistan Broadcasters Association, APNS and CPNE. The delegation comprised, among others Hameed Haroon, Mujeeb ur Rehman Shami, Rehmat Ali Razi, Arshad Zuberi, Jamil Ather, M
The federal government is in the process of hiring international consultants for up-gradation of master plan of Gwadar Port and Gwadar city to carve out special economic zone for foreign investment. Chairman Gwadar Port Authority Dosteen Khan Jamaldini to
The federal government is in the process of hiring international consultants for up-gradation of master plan of Gwadar Port and Gwadar city to carve out special economic zone for foreign investment. Chairman Gwadar Port Authority Dosteen Khan Jamaldini to
The federal government is in the process of hiring international consultants for up-gradation of master plan of Gwadar Port and Gwadar city to carve out special economic zone for foreign investment. Chairman Gwadar Port Authority Dosteen Khan Jamaldini to
Former Advisor to Prime Minister on Finance Dr Hafeez Pasha stated that the focus of the budget 2015-16 is not on growth; it is rather on reducing the fiscal deficit. Hafeez Pasha in Aaj TV programme "Paisa Bolta Hai" with Anjum Ibrahim stated that additi
Former Advisor to Prime Minister on Finance Dr Hafeez Pasha stated that the focus of the budget 2015-16 is not on growth; it is rather on reducing the fiscal deficit. Hafeez Pasha in Aaj TV programme "Paisa Bolta Hai" with Anjum Ibrahim stated that additi
Former Advisor to Prime Minister on Finance Dr Hafeez Pasha stated that the focus of the budget 2015-16 is not on growth; it is rather on reducing the fiscal deficit. Hafeez Pasha in Aaj TV programme "Paisa Bolta Hai" with Anjum Ibrahim stated that additi
There are still "many differences over details" of a nuclear deal Iran and world powers are trying to conclude by June 30, Iranian President Hassan Rouhani said Saturday. Iranian negotiators and those of the P5+1 group (Britain, China, France, Germany, Ru
There are still "many differences over details" of a nuclear deal Iran and world powers are trying to conclude by June 30, Iranian President Hassan Rouhani said Saturday. Iranian negotiators and those of the P5+1 group (Britain, China, France, Germany, Ru
Hillary Clinton launched Saturday her bid to become the first woman president of the United States, unveiling a progressive platform calling for tax breaks for the struggling middle class and universal preschool. Dressed in an electric blue pant suit, a c
Hillary Clinton launched Saturday her bid to become the first woman president of the United States, unveiling a progressive platform calling for tax breaks for the struggling middle class and universal preschool. Dressed in an electric blue pant suit, a c
Hillary Clinton launched Saturday her bid to become the first woman president of the United States, unveiling a progressive platform calling for tax breaks for the struggling middle class and universal preschool. Dressed in an electric blue pant suit, a c
Greek premier Alexis Tsipras warned that Greece must be ready for a "difficult compromise" in its talks with creditors as his closest advisers arrived in Brussels on Saturday to thrash out a last-minute deal. Cash-starved Greece is under huge pressure to
Greek premier Alexis Tsipras warned that Greece must be ready for a "difficult compromise" in its talks with creditors as his closest advisers arrived in Brussels on Saturday to thrash out a last-minute deal. Cash-starved Greece is under huge pressure to
Greek premier Alexis Tsipras warned that Greece must be ready for a "difficult compromise" in its talks with creditors as his closest advisers arrived in Brussels on Saturday to thrash out a last-minute deal. Cash-starved Greece is under huge pressure to
The Federal Board of Revenue (FBR) is likely to give cash rewards to the tax officers based on their performance of withholding tax recovery at the units of withholding tax in the field formations. In this regard, the field formations have received instru
The Federal Board of Revenue (FBR) is likely to give cash rewards to the tax officers based on their performance of withholding tax recovery at the units of withholding tax in the field formations. In this regard, the field formations have received instru
The Federal Board of Revenue (FBR) is likely to give cash rewards to the tax officers based on their performance of withholding tax recovery at the units of withholding tax in the field formations. In this regard, the field formations have received instru
-The Federal government has released 81 percent (Rs 425.6 billion) under 2014-15 Public Sector Development Programme (PSDP) for various projects against total budgeted allocation of Rs 525 billion with two and half weeks for the end of the year. The gover
-The Federal government has released 81 percent (Rs 425.6 billion) under 2014-15 Public Sector Development Programme (PSDP) for various projects against total budgeted allocation of Rs 525 billion with two and half weeks for the end of the year. The gover
-The Federal government has released 81 percent (Rs 425.6 billion) under 2014-15 Public Sector Development Programme (PSDP) for various projects against total budgeted allocation of Rs 525 billion with two and half weeks for the end of the year. The gover
The Central Development Working Party (CDWP) approved six development projects worth Rs 88.005 billion, says a release issued here on Saturday. The meeting of CDWP was held under the chairmanship of Federal Minister Planning, Development and Reforms Ahsan
The Central Development Working Party (CDWP) approved six development projects worth Rs 88.005 billion, says a release issued here on Saturday. The meeting of CDWP was held under the chairmanship of Federal Minister Planning, Development and Reforms Ahsan
The Central Development Working Party (CDWP) approved six development projects worth Rs 88.005 billion, says a release issued here on Saturday. The meeting of CDWP was held under the chairmanship of Federal Minister Planning, Development and Reforms Ahsan
US State department has urged the two neighbours to resolve their issues and take steps to lower the tensions after tensions grew on both sides following some harsh statements from the Indian political leadership. As per reports, the US State department s
The Sindh government on Saturday announced a total Rs 213.6 billion development outlay for next fiscal year 2015-16 (FY16), which is even less than the actual estimates of Rs 215.3 billion for the current fiscal year (FY15). However, the development outla
Revised estimates for total receipts of Sindh for the current Financial Year 2014-15 (FY15) have been set at Rs 617 billion, against the budget estimates of Rs 672 billion, showing a decrease of 8.2 percent. According to Sindh Government''''s revised budg
Revised estimates for total receipts of Sindh for the current Financial Year 2014-15 (FY15) have been set at Rs 617 billion, against the budget estimates of Rs 672 billion, showing a decrease of 8.2 percent. According to Sindh Government''s revised budget
Revised estimates for total receipts of Sindh for the current Financial Year 2014-15 (FY15) have been set at Rs 617 billion, against the budget estimates of Rs 672 billion, showing a decrease of 8.2 percent. According to Sindh Government's revised budget
Revised estimates for total receipts of Sindh for the current Financial Year 2014-15 (FY15) have been set at Rs 617 billion, against the budget estimates of Rs 672 billion, showing a decrease of 8.2 percent. According to Sindh Government's revised budget
The Sindh government on Saturday announced a total Rs 213.6 billion development outlay for next fiscal year 2015-16 (FY16), which is even less than the actual estimates of Rs 215.3 billion for the current fiscal year (FY15). However, the development outla
The Sindh government on Saturday announced a total Rs 213.6 billion development outlay for next fiscal year 2015-16 (FY16), which is even less than the actual estimates of Rs 215.3 billion for the current fiscal year (FY15). However, the development outla
The PML-N led center was under fire for reduced federal transfers during the outgoing FY15, as the PPP-dominated Sindh government unveiled its Rs 739.301 billion budget for Financial Year 2015-16 Saturday. The budget, however invited a strong protest from
The PML-N led center was under fire for reduced federal transfers during the outgoing FY15, as the PPP-dominated Sindh government unveiled its Rs 739.301 billion budget for Financial Year 2015-16 Saturday. The budget, however invited a strong protest from
The PML-N led center was under fire for reduced federal transfers during the outgoing FY15, as the PPP-dominated Sindh government unveiled its Rs 739.301 billion budget for Financial Year 2015-16 Saturday. The budget, however invited a strong protest from
Having set its tax receipts target at Rs 144.12 billion for FY16, the Sindh government has extended the Sindh Sales Tax (SST) to 17 more untaxed services to be taxed at a rate ranging from 6-14 percent. Also, Sindh Revenue Board (SRB) would be substitutin
The PML-N led center was under fire for reduced federal transfers during the outgoing FY15, as the PPP-dominated Sindh government unveiled its Rs 739.301 billion budget for Financial Year 2015-16 Saturday. The budget, however invited a strong protest from
The Sindh government on Saturday announced a total Rs 213.6 billion development outlay for next fiscal year 2015-16 (FY16), which is even less than the actual estimates of Rs 215.3 billion for the current fiscal year (FY15). However, the development outla
