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Print - 2015-06-27
27 dead in Tunisia tourist resort attack

27 dead in Tunisia tourist resort attack

At least 27 people, including foreigners, were killed Friday in a mass shooting at a Tunisian beach resort packed with holidaymakers, in the North African country's worst attack in recent history. The carnage came on a day of bloodshed with a suicide bomb
Published 27 Jun, 2015 12:00am
27 dead in Tunisia tourist resort attack

27 dead in Tunisia tourist resort attack

At least 27 people, including foreigners, were killed Friday in a mass shooting at a Tunisian beach resort packed with holidaymakers, in the North African country's worst attack in recent history. The carnage came on a day of bloodshed with a suicide bomb
Published 27 Jun, 2015 12:00am
IS suicide bomber kills 25, wounds 202 in Kuwait mosque

IS suicide bomber kills 25, wounds 202 in Kuwait mosque

A suicide bomber killed 25 people when he blew himself up inside a packed Shia mosque in Kuwait city during Friday prayers, the interior ministry said, the first attack of its kind in the major oil-exporting country. The Islamic State militant group claim
Published 27 Jun, 2015 12:00am
IS suicide bomber kills 25, wounds 202 in Kuwait mosque

IS suicide bomber kills 25, wounds 202 in Kuwait mosque

A suicide bomber killed 25 people when he blew himself up inside a packed Shia mosque in Kuwait city during Friday prayers, the interior ministry said, the first attack of its kind in the major oil-exporting country. The Islamic State militant group claim
Published 27 Jun, 2015 12:00am
Rabbani asks house committee to convene meeting

Rabbani asks house committee to convene meeting

Chairman Senate Mian Raza Rabbani has written a letter to the chairman Senate Standing Committee on Water and Power to convene a meeting on power cuts in Karachi. Rabbani expressed his concerns over unprecedented loss of lives caused by the current heatwa
Published 27 Jun, 2015 12:00am
Rabbani asks house committee to convene meeting

Rabbani asks house committee to convene meeting

Chairman Senate Mian Raza Rabbani has written a letter to the chairman Senate Standing Committee on Water and Power to convene a meeting on power cuts in Karachi. Rabbani expressed his concerns over unprecedented loss of lives caused by the current heatwa
Published 27 Jun, 2015 12:00am
Projected collection target will not be met: Dar informed

Projected collection target will not be met: Dar informed

Finance Minister Ishaq Dar has been reportedly informed by tax authorities that the projected revenue collection of the Federal Board of Revenue (FBR) would fall short of the thrice downward revised target by Rs 30 billion. Optimistic estimates project to
Published 27 Jun, 2015 12:00am
Low gas pressure: production at PSM comes to a halt

Low gas pressure: production at PSM comes to a halt

Pakistan Steel Mills'' (PSM) production came to a complete halt on Friday due to low gas pressure. Sources told Business Recorder that after achieving some 2 percent production capacity in the previous months, the country''s largest steel producing
Published 27 Jun, 2015 12:00am
Low gas pressure: production at PSM comes to a halt

Low gas pressure: production at PSM comes to a halt

Pakistan Steel Mills' (PSM) production came to a complete halt on Friday due to low gas pressure. Sources told Business Recorder that after achieving some 2 percent production capacity in the previous months, the country's largest steel producing p
Published 27 Jun, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 26, 2015).

Published 27 Jun, 2015 12:00am
Low gas pressure: production at PSM comes to a halt

Low gas pressure: production at PSM comes to a halt

Pakistan Steel Mills' (PSM) production came to a complete halt on Friday due to low gas pressure. Sources told Business Recorder that after achieving some 2 percent production capacity in the previous months, the country's largest steel producing p
Published 27 Jun, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 26, 2015).
Published 27 Jun, 2015 12:00am
Projected collection target will not be met: Dar informed

Projected collection target will not be met: Dar informed

Finance Minister Ishaq Dar has been reportedly informed by tax authorities that the projected revenue collection of the Federal Board of Revenue (FBR) would fall short of the thrice downward revised target by Rs 30 billion. Optimistic estimates project to
Published 27 Jun, 2015 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks fell 0.31 percent Friday after talks on reforming Greece's bailout again ended in deadlock, just days before the cut-off for the country to repay a debt, raising fears it could default. The Nikkei 225 index at the Tokyo Stock Exchange eased 6
Published 27 Jun, 2015 12:00am
KMC cancels days-off of six departments

KMC cancels days-off of six departments

Metropolitan Commissioner Samiuddin Siddiqui has cancelled Saturday and Sunday weekly offs of KMC's staff of six departments, in view of rain-emergency and city's prevailing situation. The Municipal Services, Engineering Department, Medical & Health Servi
Published 27 Jun, 2015 12:00am
Court reserves verdict on Amir Khan's bail plea

Court reserves verdict on Amir Khan's bail plea

An anti-terrorism court (ATC) on Friday reserved verdict on a bail plea submitted by Muttahida Qaumi Movement (MQM) leader Amir Khan till June 29. Counsel for the MQM leader, who has been charged with protecting and harbouring terrorists, argued during th
Published 27 Jun, 2015 12:00am
Six killed in Hub road accident

Six killed in Hub road accident

As many as six devotees died and 28 others were injured in road accident here on Friday. Police said that the accident took place near Mohabbat Faqeer area of Hub where a bus carrying devotees from Dera Ghazi Khan to Shah Noorani area turned turtle. As a
Published 27 Jun, 2015 12:00am
Heatwave held responsible for uprooted trees, abandoned parks

Heatwave held responsible for uprooted trees, abandoned parks

Mass hacking of trees and destruction of parks in the city are major causes of the persisting heatwave. This was stated by Muhammad Wasiq while speaking at a press conference at Karachi Press Club, here on Friday. PMA Centre Secretary General Mirza Ali Az
Published 27 Jun, 2015 12:00am
Polluted water one of the reasons of many deaths: PTI

Polluted water one of the reasons of many deaths: PTI

Pakistan Tehreek-e-Insaf (PTI) Karachi President Ali Zaidi said that polluted water was one of the significant reasons of many deaths in Karachi during the present heatwave, and demanded immediate action by KWSB and Sindh Ministry of Health to tackle this
Published 27 Jun, 2015 12:00am
Baloch, Saira visit JPMC

Baloch, Saira visit JPMC

Federal Minister for States and Frontier Regions (SAFRON) General Abdul Qadir Baloch (Retd) and State Minister for Health Sciences Regulation and Co-ordination Saira Afzal Tarar visited Jinnah Hospital in the wake of deaths due to heat wave in Karachi.
Published 27 Jun, 2015 12:00am
IHC asks police to recover 3 missing persons

IHC asks police to recover 3 missing persons

Islamabad High Court (IHC) on Friday asked the local police to recover three 'missing' persons by Monday. A single member bench comprising Justice Shaukat Aziz Siddiqui heard the case in response to a petition filed by advocate Mumtaz Anwar Abbasi, father
Published 27 Jun, 2015 12:00am
Schedule issued: FBR offices, banks branches open for taxpayers

Schedule issued: FBR offices, banks branches open for taxpayers

The State Bank of Pakistan (SBP), on a request from FBR, has decided to keep its designated branches and those of National Bank of Pakistan open on 27th, 29th, and 30th June 2015 to facilitate taxpayers in depositing their duty and taxes during the last f
Published 27 Jun, 2015 12:00am
CDA submits plan to remove illegal slums

CDA submits plan to remove illegal slums

The Capital Development Authority (CDA) on Friday submitted a plan for removal of illegal slums from the federal capital in the Islamabad High Court (IHC). A single member bench comprising Justice Shaukat Aziz Siddiqui heard the case which included the pl
Published 27 Jun, 2015 12:00am
Taxation structure: Senior IR Member to deliver lecture at NIM on Monday

Taxation structure: Senior IR Member to deliver lecture at NIM on Monday

Shahid Hussain Asad Senior Member (Inland Revenue) Policy Federal Board of Revenue (FBR) will deliver a lecture to acquaint senior bureaucrats of different services groups with the taxation structure in Pakistan at the National Institute of Management Isl
Published 27 Jun, 2015 12:00am
President approves appointment of Standing Counsel

President approves appointment of Standing Counsel

President Mamnoon Hussain on Friday approved appointment of two Standing Counsels at Islamabad High Court. According to the President House, the President on a summary initiated by the Law, Justice and Human Rights Division, the President approved the Pri
Published 27 Jun, 2015 12:00am
New mixing plant for GTR

New mixing plant for GTR

Lieutenant General Ali Kuli Khan Khattak (Retd), Chairman General Tyre & Rubber Company performed the ground breaking ceremony on Thursday at GTR premises for a highly sophisticated new mixing plant scheduled to go on line in August 2016. The investment o
Published 27 Jun, 2015 12:00am
Federal Capital: ECP is all set to hold first-ever LG elections

Federal Capital: ECP is all set to hold first-ever LG elections

The Election Commission of Pakistan (ECP) has finalised arrangements to hold local government elections for the first time in the Federal Capital on July 25 on non-party basis under a draft law, Islamabad Local Government Bill, 2015, currently pending bef
Published 27 Jun, 2015 12:00am
PEMRA bids farewell to outgoing Authority members

PEMRA bids farewell to outgoing Authority members

Pakistan Electronic Media Regulatory Authority (PEMRA), in its 104th Authority Meeting held here bade farewell to its outgoing Authority Members, representing provinces, on completion of their four years term. Under Section 7 of PEMRA (Amendment) Act 2007
Published 27 Jun, 2015 12:00am
Zardari condoles death of I A Rehman's wife

Zardari condoles death of I A Rehman's wife

Former President and Co-Chairman Pakistan Peoples Party (PPP) Asif Ali Zardari on Friday expressed profound grief and sorrow over the sad demise of Tauseef Rehman, wife of I.A Rehman, Secretary General Human Rights Commission Pakistan (HRCP). In a stateme
Published 27 Jun, 2015 12:00am
Imran takes notice of amendments in RTI-2013

Imran takes notice of amendments in RTI-2013

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday took serious notice of recent amendments in the Right to Information Act, 2013 disallowing members of the provincial assembly (MPAs) to be questioned by the people and directed it be repealed wi
Published 27 Jun, 2015 12:00am
AGP pays courtesy call on Dar

AGP pays courtesy call on Dar

Auditor General of Pakistan, Rana Assad Amin paid a courtesy call on Finance Minister, Senator Mohammad Ishaq Dar here on Friday. Rana Assad apprised the Minister about the plan of action that he had initiated to revamp the Office of the Auditor General a
Published 27 Jun, 2015 12:00am
Opposition parties protest against power outages

Opposition parties protest against power outages

Seven political parties including Pakistan Tehreek-e-Insaf, Pakistan People's Party, Jamaat-i-Islami, Pakistan Awami Tehrik protested against prolonged power outages that caused more than one thousand deaths due to blistering heat wave in Karachi. The pro
Published 27 Jun, 2015 12:00am
CPEC's western route Senate body concerned at 'non-allocation' of funds

CPEC's western route Senate body concerned at 'non-allocation' of funds

A parliamentary panel on Friday expressed concerns over non-allocation of funds for the western route of China-Pakistan Economic Corridor (CPEC) project in budget 2015-16, as the per commitment by the Prime Minister at an all parties' conference (APC). Th
Published 27 Jun, 2015 12:00am
Eight killed: Relief operation expedited in flood-hit Upper Dir area

Eight killed: Relief operation expedited in flood-hit Upper Dir area

The district administration and police with help of volunteers expedited relief operation in flood-hit Piyar area in Upper Dir following flash flood that killed eight persons besides washing away dozens of houses and shops on Friday. Fazl Rabbi Khan, Stat
Published 27 Jun, 2015 12:00am
New return form Payment of Super Tax specified

New return form Payment of Super Tax specified

The draft of the new income tax return form and wealth statement, issued here on Friday for individuals and Association of Persons (AoPs), has specified payment of Super Tax by individuals/AoPs liable to pay the said tax. The FBR has issued draft of the n
Published 27 Jun, 2015 12:00am
Pakistan condemns Kuwait mosque attack

Pakistan condemns Kuwait mosque attack

Pakistan on Friday strongly condemned the deadly terrorist attack on a mosque in Kuwait city during Friday prayers, which resulted in the loss of several lives and injuries to many people. "The people and the Government of Pakistan wish to convey their he
Published 27 Jun, 2015 12:00am
International Day in Support of Victims of Torture observed

International Day in Support of Victims of Torture observed

The International Day in Support of Victims of Torture was observed in Hyderabad, here on Friday. Human Rights Commission of Pakistan (HRCP) staged a demonstration in connection of day where a large number people from different walks of life including civ
Published 27 Jun, 2015 12:00am
LHC allows student to take exams

LHC allows student to take exams

The Lahore High Court on Friday allowed a student of Faisalabad University to sit in exams after being found guilty of keeping liquor bottles in his hostel room. The court has demanded a response from the university administration by July 15. The student'
Published 27 Jun, 2015 12:00am
Banned organisations Balochistan Apex body decides to take action

Banned organisations Balochistan Apex body decides to take action

A meeting of Balochistan Apex Committee was held with Chief Minister, Dr Abdul Malik Baloch in chair here on Friday which decided to accelerate measures for implementation of National Action Plan. The meeting was attended by Commander Southern Command, Li
Published 27 Jun, 2015 12:00am
PDWP approves 11-storey parking plaza

PDWP approves 11-storey parking plaza

Provincial Development Working Party has approved the project of 11 storey parking plaza at Old Mayor House, outside Chiniot Bazaar, here with the cost of Rs 1513.00 million. This was disclosed by DCO Noorul Amin Mengal while talking to the newsmen here F
Published 27 Jun, 2015 12:00am
One decapitated in 'terrorist' attack on France gas factory

One decapitated in 'terrorist' attack on France gas factory

A suspected Islamist launched a daylight raid on an industrial gas factory in France Friday, pinning a severed head to the gates in what President Francois Hollande called a "terrorist" attack. The grisly attack near France's second city of Lyon came on a
Published 27 Jun, 2015 12:00am
Italy takes India to international arbitration over marines

Italy takes India to international arbitration over marines

Italy said Friday it had initiated international arbitration proceedings in the case of two of its marines facing trial in India for the 2012 killing of two fishermen. The unilateral move by the Italian government follows the failure of direct negotiation
Published 27 Jun, 2015 12:00am
IS kills 164 civilians in assault on Syria's Kobane

IS kills 164 civilians in assault on Syria's Kobane

The Islamic State group killed 164 civilians in its offensive on the Kurdish town of Kobane, in what a monitor Friday called one of the jihadists' "worst massacres" in Syria. The killing spree, which took place mostly inside Kobane itself, was widely seen
Published 27 Jun, 2015 12:00am
Saudi-led jets bomb Yemen as Hadi government rejects new talks

Saudi-led jets bomb Yemen as Hadi government rejects new talks

Air strikes by a Saudi-led force hit military bases across Yemen on Friday, residents told Reuters, and the country's foreign minister was quoted as saying there was no need to convene another peace summit after the first round of talks failed. Talks in G
Published 27 Jun, 2015 12:00am
Supreme Court makes gay marriage legal throughout US

Supreme Court makes gay marriage legal throughout US

The US Supreme Court made same-sex marriage legal throughout the nation Friday in a much-awaited landmark decision that triggered wild jubilation and tears of joy. In a 5-4 ruling, the highest court in the United States said the Constitution requires all
Published 27 Jun, 2015 12:00am
EU deal on migrants 'disappointing': UN

EU deal on migrants 'disappointing': UN

The European Union's stance on a surge in asylum seekers seeking to enter the bloc was attacked as derisory on Friday by a top UN official. Peter Sutherland, the UN Secretary General's special representative on international migration, bemoaned EU leaders
Published 27 Jun, 2015 12:00am
Dozens killed as Somali Shebab overrun African Union base

Dozens killed as Somali Shebab overrun African Union base

Dozens of soldiers were killed Friday when Somalia's Shebab insurgents overran an African Union base, witnesses said, describing intense fighting which left corpses strewn on the ground. "The fighting was the heaviest ever around this area. The Shebab fig
Published 27 Jun, 2015 12:00am
Vatican signs first treaty with State of Palestine, Israel angered

Vatican signs first treaty with State of Palestine, Israel angered

The Vatican signed its first treaty with the "State of Palestine" on Friday, calling for "courageous decisions" to end the Israeli-Palestinian conflict and backing a two-state solution. The treaty, which made official the Vatican's de facto recognition of
Published 27 Jun, 2015 12:00am
China attacks US human rights record

China attacks US human rights record

China accused the United States on Friday of being "haunted by spreading guns" and racial discrimination, in its annual tit-for-tat rebuttal to US criticism of China's human rights record. In a lengthy report carried by the official Xinhua news agency, th
Published 27 Jun, 2015 12:00am
Swiss extradite war crimes suspect to Bosnia

Swiss extradite war crimes suspect to Bosnia

A former Bosnian Muslim commander has been extradited to Bosnia for suspected war crimes, the Swiss justice ministry said Friday, amid outrage in Serbia which wants him on similar charges. Accompanied by a Swiss police escort, Naser Oric, 48, "arrived Fri
Published 27 Jun, 2015 12:00am
Dozens killed as Somali Shebab overrun African Union base

Dozens killed as Somali Shebab overrun African Union base

Dozens of soldiers were killed Friday when Somalia's Shebab insurgents overran an African Union base, witnesses said, describing intense fighting which left corpses strewn on the ground. "The fighting was the heaviest ever around this area. The Shebab fig
Published 27 Jun, 2015 12:00am
Cheers and warnings as Europe braces for heatwave

Cheers and warnings as Europe braces for heatwave

A powerful heatwave is forecast to sweep across Europe's western flank next week, to the delight of fans of the Wimbledon tennis tournament in Britain even as France and Portugal were put on alert. "It looks like heat will start to build across Iberia lat
Published 27 Jun, 2015 12:00am
Five-wicket Yasir battles for depleted Pakistan

Five-wicket Yasir battles for depleted Pakistan

Leg-spinner Yasir Shah claimed five for 95 as Pakistan halted Sri Lanka's march towards a big first innings lead in the second Test at the P. Sara Oval in Colombo on Friday. Shah made up for the absence of injured pace spearhead Wahab Riaz to keep Sri Lan
Published 27 Jun, 2015 12:00am
Review row hits Sri Lanka-Pakistan Test

Review row hits Sri Lanka-Pakistan Test

Pakistan were granted an extra review option Friday after being robbed of a wicket due to an apparent error by TV umpire Paul Reiffel during the second Test in Colombo. The incident took place during the opening day's play at the P. Sara Oval on Thursday
Published 27 Jun, 2015 12:00am
Wahab out of series

Wahab out of series

Pakistan's pace spearhead Wahab Riaz was on Friday ruled out of the rest of the Test series against Sri Lanka after suffering a hairline fracture on his bowling hand during the ongoing second Test. Wahab was hit on the left hand by a delivery from fast bo
Published 27 Jun, 2015 12:00am
Faisalabad agriculture university win Rovering Championship

Faisalabad agriculture university win Rovering Championship

The University of Agriculture Faisalabad has become Champion of the All Pakistan Inter-varsity Rovering Championship 2014-15 for the ninth time out of total ten times. This year, teams from 17 universities across the country participated. In the champions
Published 27 Jun, 2015 12:00am
Federer, Murray, Nadal in same Wimbledon half

Federer, Murray, Nadal in same Wimbledon half

Former champions Roger Federer, Andy Murray and Rafael Nadal were all placed in the same section of the Wimbledon draw on Friday. Top seed and defending champion Novak Djokovic was kept apart from the other members of the 'Big Four'. However, the Serb may
Published 27 Jun, 2015 12:00am
Serena, Sharapova drawn for Wimbledon semi-final clash

Serena, Sharapova drawn for Wimbledon semi-final clash

Five-time champion Serena Williams and 2004 winner Maria Sharapova were drawn to meet in the Wimbledon semi-finals on Friday. Top seed and world number one Williams, who is bidding to hold all four majors at the same time for the second time in her career
Published 27 Jun, 2015 12:00am
Blatter 'did not resign'

Blatter 'did not resign'

Sepp Blatter has claimed that he "did not resign" as FIFA president, according to a report by the Swiss newspaper Blick. "I did not resign. I put myself and my office in the hands of the FIFA congress," Blick reported Blatter as saying during a visit to t
Published 27 Jun, 2015 12:00am
PCB formulates model constitution

PCB formulates model constitution

In order to further the objectives of promoting, organizing and developing the game of cricket in Pakistan, the Pakistan Cricket Board's (PCB) Governing Board in its 36th Meeting has formulated and approved Model Constitution(s) for regulating the affairs
Published 27 Jun, 2015 12:00am
UAE rubber-stamped as Asian Cup hosts

UAE rubber-stamped as Asian Cup hosts

The United Arab Emirates were rubber-stamped as hosts for the expanded Asian Cup in 2019 after signing an official agreement with the Asian Football Confederation (AFC). The UAE previously held the event in 1996 but they will be the first to host 24 teams
Published 27 Jun, 2015 12:00am
Radwanska, Bencic in final

Radwanska, Bencic in final

Agnieszka Radwanska returned to the final of the Eastbourne International for the first time since 2008 as the ninth seed defeated Sloane Stephens 6-1, 6-7 (3/7), 6-2 in a windswept Friday showdown. But her opponent in the final will not be, as expected,
Published 27 Jun, 2015 12:00am
Peru reach Copa America semis

Peru reach Copa America semis

Brazilian-based striker Paolo Guerrero scored a hat trick as Peru swept aside Bolivia 3-1 to set up a Copa America semi-final showdown with fierce rivals Chile on Thursday. Flamengo forward Guerrero, who has spent the past three years in Brazil after spel
Published 27 Jun, 2015 12:00am
New Zealand dollar talked down, drags on Aussie
Currency

New Zealand dollar talked down, drags on Aussie

The New Zealand dollar stumbled on Friday after the central bank reiterated its view that ongoing currency strength was a risk to the wider economy. Investors sold the kiwi after the Reserve Bank of New Zealand said in its Statement of Intent that economi
Published 27 Jun, 2015 12:00am
Sterling treads water; set for third week of gains versus euro
Currency

Sterling treads water; set for third week of gains versus euro

Sterling headed for its third straight week of gains against the euro on Friday, reflecting a reheating of expectations for a rise in British interest rates that has bolstered the premium for holding the pound. A jump in wage growth and signs of renewed d
Published 27 Jun, 2015 12:00am
South Africa's rand slumps
Currency

South Africa's rand slumps

The rand fell more than 1 percent against the dollar on Friday as worries about the global impact of a possible Greek debt default added to investors' concerns about the weak outlook for Africa's most advanced economy. The South African currency hit a ses
Published 27 Jun, 2015 12:00am
Most emerging Asian currencies slip
Currency

Most emerging Asian currencies slip

Most emerging Asian currencies slid on Friday to notch weekly losses as investors shied away from riskier assets while Greece stood on the brink of default, and economic data strengthened expectations that US interest rates will rise later this year. "Gre
Published 27 Jun, 2015 12:00am
Sri Lankan rupee steady
Currency

Sri Lankan rupee steady

The Sri Lankan rupee ended steady in dull trade on Friday as a state-run bank sold dollars at 133.70, ahead of the central bank's monetary policy rate decision, dealers said. The central bank will announce key monetary policy rates for June on Monday and
Published 27 Jun, 2015 12:00am
Euro flat against dollar in New York/
Currency

Euro flat against dollar in New York/

Ongoing Greek debt talks sidelined currency investors on Thursday, demonstrating their unwillingness to take bold positions as deadlines for a deal come and go, leaving the euro little changed against the greenback. A failure on Thursday to clinch a deal
Published 27 Jun, 2015 12:00am
Euro falls against Swiss franc, yen in Europe
Currency

Euro falls against Swiss franc, yen in Europe

The euro fell against the safe haven Swiss franc and yen on Friday as investors cut exposure to the single currency before the weekend amid worries over whether Greece and its creditors can avert a debt default. Some traders expect further risk reduction
Published 27 Jun, 2015 12:00am
Euro down in Asia
Currency

Euro down in Asia

The dollar lost some ground on the yen but edged up against the euro on Friday, as Greece's continued struggle to reach a funding deal with lenders kept the common currency on tenterhooks. The euro stood at $1.1191, down about 0.1 percent after drifting i
Published 27 Jun, 2015 12:00am
Yuan stays flat
Currency

Yuan stays flat

China's yuan was flat on Friday as dollar sales by big state-owned banks offset rising corporate dollar demand for dividend payments at the end of the first half of the year, traders said. Traders suspected the dollar sales were at the behest of the centr
Published 27 Jun, 2015 12:00am
FTSE ends lower on weaker miners, Tesco outperforms

FTSE ends lower on weaker miners, Tesco outperforms

Britain's top equity index ended lower on Friday, dragged down by mining stocks, though supermarket group Tesco rose after reporting a smaller than expected decline in sales. Tesco advanced 2.7 percent after posting first-quarter performance suggesting it
Published 27 Jun, 2015 12:00am
Southeast Asian markets: Singapore leads regional decline

Southeast Asian markets: Singapore leads regional decline

Most Southeast Asian stock markets fell on Friday as uncertainty over Greek debt crisis kept risk appetite in check, with Singapore benchmark sliding to a near one-week low and Thai shares retreated after May trade data came worse than expected. Singapore
Published 27 Jun, 2015 12:00am
Australian shares fall

Australian shares fall

Australian shares ended 1.5 percent lower on Friday, falling for the second straight session, led by a sell-off in the major banks and miners after Greece failed again to clinch a deal with its international creditors. The S&P/ASX 200 index extended losse
Published 27 Jun, 2015 12:00am
European shares pick up ahead of crucial Greece talks

European shares pick up ahead of crucial Greece talks

European stocks rose in afternoon trading on Friday, as optimism for some kind of progress on Greece picked up ahead of weekend talks designed to push Athens into a last-minute cash-for-reform deal with international creditors. Greek markets rallied and E
Published 27 Jun, 2015 12:00am
Indian shares edge lower

Indian shares edge lower

Indian shares edged lower on Friday as private lenders retreated after the central bank's stress tests showed a significant jump in bad loans for the sector, but indexes still posted a second consecutive week of gains. The Reserve Bank of India said late
Published 27 Jun, 2015 12:00am
TSX breaks three-day winning streak

TSX breaks three-day winning streak

Canada's main stock index finished lower on Thursday, pulled down by a hefty retreat in energy names that snapped a three-session rally. The Toronto Stock Exchange's S&P/TSX composite index ended down 50.01 points, or 0.33 percent, at 14,897.5. Suncor Ene
Published 27 Jun, 2015 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell slightly on Friday, tracking weakness in regional and global markets as Greece failed again to reach an agreement with its creditors. The main TAIEX index was down 0.1 percent at 9,463.60 as of 1:57 GMT, after closing higher 0.84 percen
Published 27 Jun, 2015 12:00am
Sri Lankan shares dip

Sri Lankan shares dip

Sri Lankan shares fell on Friday to near 2-1/2 month lows due to foreign outflows, with diversified and telecommunication companies leading the drop as uncertainty around a parliamentary election hit investor appetite. Analysts expect the trend to continu
Published 27 Jun, 2015 12:00am
Treasuries slip

Treasuries slip

US Treasuries prices slipped on Thursday on continued optimism that Greece would avert a debt default, even as the country failed again to clinch a deal with its international creditors. Euro zone finance ministers ended their third meeting in a week with
Published 27 Jun, 2015 12:00am
Treasuries slip

Treasuries slip

US Treasuries prices slipped on Thursday on continued optimism that Greece would avert a debt default, even as the country failed again to clinch a deal with its international creditors. Euro zone finance ministers ended their third meeting in a week with
Published 27 Jun, 2015 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong stocks fell on Friday, as investor sentiment was soured by plunging mainland shares, plus weak regional and global markets as Greece failed again to reach an agreement with its creditors. The Hang Seng index fell 1.8 percent, to 26,663.87, while
Published 27 Jun, 2015 12:00am