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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-07-14
General Motors to recall 155,000 vehicles in India

General Motors to recall 155,000 vehicles in India

General Motors Co will recall 155,000 vehicles in India, its largest such exercise to date in the country, in order to fix wiring problems linked to a remote keyless entry accessory. The recall, also one of India's biggest, follows a move in 2013 to recal
Published 14 Jul, 2015 12:00am
Azeri economy expands by 5.7 percent
Currency

Azeri economy expands by 5.7 percent

Azerbaijan's economy expanded by 5.7 percent in the first half of 2015, despite difficulties caused by crisis in neighbouring countries and low oil prices, the country's president said on Monday. Ilham Aliyev told a government meeting the non-oil sector g
Published 14 Jul, 2015 12:00am
Heathrow cancels flights after protesters get on runway

Heathrow cancels flights after protesters get on runway

Heathrow Airport was forced to cancel 13 flights on Monday after activists cut through a perimeter fence and chained themselves together on a runway to protest against the possible expansion of Britain's biggest airport. In a stunt which raised questions
Published 14 Jul, 2015 12:00am
Madagascar wants more foreign firms to compete with state airline

Madagascar wants more foreign firms to compete with state airline

Madagascar has held talks with foreign companies to introduce new air routes to the Indian Ocean island and is open to allowing foreign companies to compete with state-run Air Madagascar on domestic routes, the tourism minister said. A four-week strike by
Published 14 Jul, 2015 12:00am
Moody's sees no quick Greek upgrade after debt deal

Moody's sees no quick Greek upgrade after debt deal

Rating agency Moody's said that Greece's rock-bottom credit rating was unlikely to be raised any time soon, despite Greece agreeing terms on Monday for a third euro zone bailout. Colin Ellis, the firm's chief European credit officer, said the immediate fo
Published 14 Jul, 2015 12:00am
Clipsal - Living electrical

Clipsal - Living electrical

Clipsal is world famous as Australia's number one brand of electrical accessories. A market leader in electrical accessories, data communications, industrial and home automation markets, the Clipsal name continues to grow from strength to strength.
Published 14 Jul, 2015 12:00am
KP CM, PTI chief launch monsoon tree plantation

KP CM, PTI chief launch monsoon tree plantation

-KP Chief Minister Pervez Khattak and PTI chief Imran Khan on Monday launched monsoon tree plantation through planting a sapling Devdar at Union Council Parhana, district Mansehra.
Published 14 Jul, 2015 12:00am
Nine gamblers, nine dacoits arrested

Nine gamblers, nine dacoits arrested

Police have arrested nine gamblers and nine suspected dacoits and recovered Rs 34050, nine mobile phones and three pistols 30 bore with 12 rounds and a 32 bore pistol with four rounds from their possession. According to police spokesman, Pirwadhai police
Published 14 Jul, 2015 12:00am
Position holders return from Europe

Position holders return from Europe

Position holders on visit of European Universities under Chief Minister Muhammad Shahbaz Sharif's Flagship Programme, have returned homeland. During one month visit, position holders from all over the country visited international universities of Sweden,
Published 14 Jul, 2015 12:00am
Khamenei lauds PU professor

Khamenei lauds PU professor

Iran's spiritual and supreme leader Ali Khamenei has lauded Punjab University Iqbal Chair head Professor Dr Syed Muhammad Akram Ikram on his in-depth research work on Poet of the East Allama Muhammad Iqbal during his visit to Iran. Professor Dr Ikram had
Published 14 Jul, 2015 12:00am
Shahbaz for implementation of Safe City project in Lahore

Shahbaz for implementation of Safe City project in Lahore

Punjab Chief Minister Shahbaz Sharif has said that protection of life and property of people is the foremost responsibility of police and all-out steps are being taken for controlling crimes. He said that "Safe City Project" is of vital importance and the
Published 14 Jul, 2015 12:00am
PDWP Punjab approves 10 development schemes

PDWP Punjab approves 10 development schemes

The Provincial Development Working Party(PDWP) Punjab has approved ten development schemes of various development sectors with an estimated cost of Rs 10.854 billion, including Punjab Non-Formal Education Project to be completed at the cost of over Rs 5.6
Published 14 Jul, 2015 12:00am
LCCI, FPCCI decide to share research work

LCCI, FPCCI decide to share research work

The Lahore Chamber of Commerce and Industry and the Federation of Chambers of Commerce and Industry have decided to share research work for the economic development. The decision came up in a meeting between the two's office-holders at the Lahore Chamber
Published 14 Jul, 2015 12:00am
Law and order: Indiscriminate action in Karachi a must: Baloch

Law and order: Indiscriminate action in Karachi a must: Baloch

Acting chief of the Jamaat-e-Islami Pakistan, Liaqat Baloch while addressing an Iftar party in Karachi has said that an indiscriminate action against criminals in Karachi is the need of the hour. Liaqat Baloch said that peace is the foremost requirement o
Published 14 Jul, 2015 12:00am
Cloud-based EMR, practice management system launched

Cloud-based EMR, practice management system launched

CloudClinik, an e-health offering of Lahore-based INFOGISTIC Pvt Limited, has taken a leap in to the Middle East by launching Qatar's first cloud-based Electronic Medical Record (EMR) and Practice Management System. The launch was made possible with a str
Published 14 Jul, 2015 12:00am
Punjab Food Authority Act being amended

Punjab Food Authority Act being amended

The Punjab government has decided to amend the Punjab Food Authority (PFA) Act by virtue of which manufacturing and selling of substandard and adulterated food items will be a non-bailable offence and punishment against such elements will be further incre
Published 14 Jul, 2015 12:00am
Government should review taxation strategy: FCCI chief

Government should review taxation strategy: FCCI chief

The Federal Board of Revenue (FBR) has failed to achieve its targets to widen the tax net and hence government has to review its overall taxation strategy in line with the prevailing ground realities, President Faisalabad Chamber of Commerce and Industry
Published 14 Jul, 2015 12:00am
TDAP to hold SAARC trade fair, WEXNET in December

TDAP to hold SAARC trade fair, WEXNET in December

Trade Development Authority of Pakistan (TDAP) will organise 12th SAARC Trade Fair 2015 and WEXNET 2015 at Expo Centre Lahore from December 4 to 6, 2015. It will be a mega event of TDAP which provides a unique opportunity to the Pakistani exporters and ex
Published 14 Jul, 2015 12:00am
KE concerned about profit, not Karachiites: JI

KE concerned about profit, not Karachiites: JI

The private power supply company of Karachi, K-Electric, is only concerned about maximising the profit of its owner and it cruelly disregards the interests of electricity consumers of Karachi, said Jamaat-e-Islami (JI) Karachi Amir Hafiz Naeemur Rehman he
Published 14 Jul, 2015 12:00am
Hot & humid weather forecast

Hot & humid weather forecast

The Met Office on Monday forecast a hot and humid weather for the country in the next 24 hours. It, however, said that rain-thundershower was expected at isolated places in Islamabad, Rawalpindi, Gujranwala, Lahore, Bahawalpur, Zhob, Malakand and Hazara d
Published 14 Jul, 2015 12:00am
Business community backs Rangers' stay in Karachi
Currency

Business community backs Rangers' stay in Karachi

The business community of Karachi fully backs Government's war on corruption which is one of the biggest hurdles in social and economic development, a business leader said on Monday. "Corruption is one of the stumbling blocks which will never allow econom
Published 14 Jul, 2015 12:00am
Eight killed in various incidents in Karachi

Eight killed in various incidents in Karachi

Eight people were killed in different incidents in the metropolis on Monday. In the wee hours of Monday, three persons, namely Hamza, 22, son of Sajjad; Arosa Sharafat, 26 and Mishal Shaukat, 19, were killed in a road incident while riding a motorbike whe
Published 14 Jul, 2015 12:00am
UBL Funds launches Al-Ameen Islamic Active Allocation Plan-II

UBL Funds launches Al-Ameen Islamic Active Allocation Plan-II

UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan-II, under the Al-Ameen Islamic Financial Planning Fund. This Plan is now open for subscription. Al-Ameen Islamic Active Allocation Plan-II (AIActAP-I
Published 14 Jul, 2015 12:00am
Samba Bank launches MasterCard debit card

Samba Bank launches MasterCard debit card

Samba Bank Limited has announced the launch of the Samba MasterCard Debit Card. The new offering provides Samba customers' global recognition and acceptance across millions of shops, establishments and ATMs worldwide that carry the MasterCard name. The Ma
Published 14 Jul, 2015 12:00am
KTBA seeks extension in deadline for ST returns

KTBA seeks extension in deadline for ST returns

Following the announcement of five Eid holidays, the Karachi Tax Bar Association (KTBA) has requested the Sindh Revenue Board (SRB) to extend the date for filing sales tax returns to July 31, 2015 According to KTBA, the federal government has announced Ei
Published 14 Jul, 2015 12:00am
Suspect killer of Allama Abbas Kumaili's son held

Suspect killer of Allama Abbas Kumaili's son held

Police on Monday claimed to have arrested a man, allegedly involved in the murder of Akbar Kumaili, son of Allama Abbas Kumaili here. The suspect identified as Nasir Dhobi (washman) Police said that the raid was conducted by Mangopir police in its jurisdi
Published 14 Jul, 2015 12:00am
PCDMA election activities gaining momentum

PCDMA election activities gaining momentum

Although annual election of Pakistan Chemical and Dyes Merchant Association (PCDMA) for the year 2015-16 is much far way, election activities have started gaining momentum. The association members are divided into two groups. One is lobbying that its cand
Published 14 Jul, 2015 12:00am
Meezan Bank signs MoU with Indus Hospital

Meezan Bank signs MoU with Indus Hospital

Meezan Bank recently joined hands with Indus Hospital by signing a memorandum of understanding under which Meezan Bank would support Indus Hospital in its Zakat collection drive. Meezan Bank will extend support to Indus Hospital in its efforts to serve th
Published 14 Jul, 2015 12:00am
Businesspeople urged to avail WHT exemption

Businesspeople urged to avail WHT exemption

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Muhammad Adrees has urged upon the business people to file their tax returns before September 30, 2015 to avail exemption from 0.3 percent WHT on bank transactions.
Published 14 Jul, 2015 12:00am
Afghan Trade Commissioner rejects accusations

Afghan Trade Commissioner rejects accusations

Afghan Trade Commissioner in Peshawar, Mirwais Yousafzai has categorically denied the accusations levelled by a local private contractor of fresh fruits and vegetable that he was asking him to collect double taxes from vehicles carrying of food commoditie
Published 14 Jul, 2015 12:00am
All weather radars of PMD operating: MET office

All weather radars of PMD operating: MET office

Met Office contradicts the baseless news appeared in media about non-operation of weather radars especially in Islamabad and Karachi. According to the Met Office spokesman, there are seven weather radars in Pakistan installed at Islamabad, Mangla, Sialkot
Published 14 Jul, 2015 12:00am
FESF constructs new campus in Tando Allahyar

FESF constructs new campus in Tando Allahyar

Deaf Reach Schools & Training Centers, a project of Family Educational Services Foundation (FESF), has a new custom-built campus in the model city of Rashidabad, Tando Allahyar. USAID Small Grants and Ambassador's Fund Program has been a key supporting pa
Published 14 Jul, 2015 12:00am
Zamani dispels rumours of marriage with Zardari

Zamani dispels rumours of marriage with Zardari

Dr Tanveer Zamani, the self-proclaimed president of Pakistan People's Party (PPP), USA chapter, on Monday categorically rejected the rumours about her marriage with the former president Asif Ali Zardari. Addressing a press conference here at the National
Published 14 Jul, 2015 12:00am
Businessmen asked to focus on Indonesia, ASEAN region for exports

Businessmen asked to focus on Indonesia, ASEAN region for exports

Pakistan Ambassador designate to Indonesia, Muhammad Aqil Nadeem Monday said Indonesia and ASEAN countries were huge markets with great potential for Pakistani products and businessmen should focus on these countries to promote trade and exports. He state
Published 14 Jul, 2015 12:00am
Kashmir Martyrs Day observed with renewed pledge

Kashmir Martyrs Day observed with renewed pledge

Kashmiris living both sides of the line of control and rest of the world observed the 84th Kashmir Martyrs Day on Monday with the renewal of the pledge to continue the mission of the Kashmiri martyrs through continuing the freedom struggle. Symposia and m
Published 14 Jul, 2015 12:00am
12 held for using direct hooks

12 held for using direct hooks

Pesco checking teams in collaboration with Police nabbed 12 persons for using direct hooks during the campaign to curb the power pilferage.
Published 14 Jul, 2015 12:00am
KP house job doctors reject new rule of PMDC

KP house job doctors reject new rule of PMDC

The house job medical officers of various teaching hospitals in Khyber Pakhtunkhwa rejected the Pakistan Medical and Dental Council new assignment to appear to exact exam before to FCPS exam, demanding the PMDC to review its decision forthwith. This was s
Published 14 Jul, 2015 12:00am
SECP initiates action against 23 INGOs

SECP initiates action against 23 INGOs

The Securities and Exchange Commission of Pakistan (SECP) has initiated action against 23 international NGOs to strike them off the register of companies. They have failed to file their audited accounts despite several notices and therefore are presumed t
Published 14 Jul, 2015 12:00am
Eid-ul-Fitr: Transporters agree to charge commuters as per old list

Eid-ul-Fitr: Transporters agree to charge commuters as per old list

After holding a successful negotiation with the district administration, local transporters' association has agreed to charge fares as per the old fare list till July 30, 2015. The decision was taken in a meeting regarding a crackdown against transporters
Published 14 Jul, 2015 12:00am
Pakistan Cables Limited
Currency

Pakistan Cables Limited

Pakistan Cables, the country's oldest and most reputable cable manufacturer, was established over five decades ago in 1953 as a joint venture with BICC. In the subsequent six decades, Pakistan Cables has earned a reputation as a market leader and premier
Published 14 Jul, 2015 12:00am
Pakistan Cables Limited
Currency

Pakistan Cables Limited

Pakistan Cables, the country's oldest and most reputable cable manufacturer, was established over five decades ago in 1953 as a joint venture with BICC. In the subsequent six decades, Pakistan Cables has earned a reputation as a market leader and premier
Published 14 Jul, 2015 12:00am
KP IGP suspends two SIs, one constable

KP IGP suspends two SIs, one constable

The Inspector General of Police Khyber Pakhtunkhwa Nasir Khan Durrani on SMS complaints has suspended two sub-inspectors and one constable with immediate effect and ordered registration of criminal cases against them. As per details a citizen of Peshawar
Published 14 Jul, 2015 12:00am
Father of Yahya Polani dies

Father of Yahya Polani dies

Father of the renowned businessman Yahya Polani died on Monday after protracted illness. The funeral prayer of Haji Siddique Polani would be offered at Pahari Wali Masjid on Tuesday (today) at 1am. President Karachi Press Club (KPC) Fazil Jameeli, Secreta
Published 14 Jul, 2015 12:00am
29 KMC roads: KMC Administrator for accelerate carpeting, patch work

29 KMC roads: KMC Administrator for accelerate carpeting, patch work

Administrator Karachi Metropolitan Corporation (KMC), Shoaib Ahmed Siddiqui on Monday directed the Technical Services Department to accelerate the carpeting and patch work of 29 KMC roads. He expressed these views in a review meeting of the ongoing road c
Published 14 Jul, 2015 12:00am
'Sindh government not happy with K-E performance'

'Sindh government not happy with K-E performance'

Sindh government has taken serious notice over the worst power breakdown and continues loadshedding in Karachi and asked the authorities of the K-Electric to ensure proper and uninterrupted supply of power to consumers. The Senior Sindh Minister for Finan
Published 14 Jul, 2015 12:00am
KP assistant director mines, minerals arrested

KP assistant director mines, minerals arrested

The Khyber-Pakhtunkhwa Ehtesab Commission on Monday arrested Assistant Director Mines and Minerals department, Mir Zaman as a co-accused with Ziaullah Afridi. "During the course of interrogation Pakistan Tehreek-e-Insaf (PTI) minister Ziaullah Afridi reve
Published 14 Jul, 2015 12:00am
Alleged target killer arrested

Alleged target killer arrested

The police arrested a wanted target killer after an encounter during a crackdown and recovered arms here on Monday. The police on a tip-off conducted operation in Shah Faisal Colony during which exchange of fire took place with the culprit taking shelter
Published 14 Jul, 2015 12:00am
Corruption hindering socio-economic development: PBIF

Corruption hindering socio-economic development: PBIF

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain said here on Monday that the city's business community has extended full support to the government for taking action against corruption. Terming corruption `a major stumbli
Published 14 Jul, 2015 12:00am
Imran Farooq murder: Rangers transfer suspect's custody

Imran Farooq murder: Rangers transfer suspect's custody

Pakistan Rangers on Monday gave Moazzam Ali Khan, criminal involved in Dr Imran Farooq murder case in the custody of Federal Investigation Agency (FIA) for investigation. The Rangers put forth a plea in anti-terrorism court (ATC) seeking transference of t
Published 14 Jul, 2015 12:00am
US MIDDAY: corn holds near one-year high

US MIDDAY: corn holds near one-year high

US corn futures rose on Monday, on pace for their fifth straight session of gains and holding near the highest levels in a year, on better-than-expected demand and as heavy rains limited yield potential of the new crop. Soyabeans were also higher on punis
Published 14 Jul, 2015 12:00am
Nigeria aims to supply 20 percent of gasoline demand itself

Nigeria aims to supply 20 percent of gasoline demand itself

Major crude oil producer Nigeria aims to overcome its chaotic and crumbling refining sector to produce at least a fraction of the gasoline it needs to use itself. Its state oil company hopes that domestic plants can cover 20 percent of Nigeria's gasoline
Published 14 Jul, 2015 12:00am
Gold slips in Europe

Gold slips in Europe

Gold slipped 1 percent on Monday as the dollar rose against the euro after leaders struck a deal to negotiate a Greek bailout, while signals the Federal Reserve was still on track to raise rates this year also weighed. Greece won conditional agreement to
Published 14 Jul, 2015 12:00am
Gold lower in Asia

Gold lower in Asia

Gold edged lower on Monday, dragged down by the euro after a weekend emergency summit to tackle Greece's debt crisis yielded no deal and with the US Federal Reserve still on track to raise interest rates this year. Greece will now be required to push legi
Published 14 Jul, 2015 12:00am
Arabica coffee rallies on short-covering

Arabica coffee rallies on short-covering

Arabica coffee futures on ICE jumped nearly 3 percent on Monday, in a short-covering rally spurred by data showing speculators sharply increased their selling at low levels last week and a bullish move in options. Raw sugar futures rose in thin volume on
Published 14 Jul, 2015 12:00am
Palm oil flat in thin trade, slowing exports pressure prices

Palm oil flat in thin trade, slowing exports pressure prices

Malaysian palm oil futures were mostly unchanged on Monday, after sliding to a six-week low last week, with a steep decline in exports keeping a lid on the market. Exports of Malaysian palm oil products for July 1-10 fell 34.7 percent to 308,875 tonnes fr
Published 14 Jul, 2015 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Benchmark Tokyo rubber futures ended down 2.5 percent on Monday, falling for the first time in three days, reflecting weak oil prices and continued weakness in Shanghai futures amid worries about Chinese economic growth. Tokyo Commodity Exchange (TOCOM) f
Published 14 Jul, 2015 12:00am
ISO sees global sugar deficit 6.2 million tonnes

ISO sees global sugar deficit 6.2 million tonnes

The International Sugar Organisation (ISO) forecasts a global sugar deficit of 6.2 million tonnes in 2016/17, compared with a deficit of 2.5 million tonnes in 2015/16, according to an ISO chart presented at a conference organised by analyst Datagro. ISO E
Published 14 Jul, 2015 12:00am
Oil steadies as Iran indicates no nuclear deal yet

Oil steadies as Iran indicates no nuclear deal yet

Oil prices came off their lows on Monday after a Tehran official indicated the Islamic Republic might miss another deadline in securing a nuclear deal integral to lifting Western sanctions on its crude exports. Crude futures had fallen nearly $2 a barrel
Published 14 Jul, 2015 12:00am
Most base metals rebound after Greek deal

Most base metals rebound after Greek deal

Most base metals rebounded on Monday after Greece and its creditors agreed a debt deal, though copper lagged after data showed a drop in Chinese imports last month. Lead was the pick of the bunch, with prices surging to their highest in nearly a month on
Published 14 Jul, 2015 12:00am
Shanghai copper down

Shanghai copper down

Shanghai Futures Exchange copper ended the session down 1.5 percent at 40,130 yuan ($6,465) a tonne on Monday after euro zone officials reached a debt deal with Greece, with tentative signs of economic revival in China's trade data also supporting prices.
Published 14 Jul, 2015 12:00am
US cuts China cotton demand forecast; prices fall
Cotton

US cuts China cotton demand forecast; prices fall

The US government on Friday raised its forecast for global cotton inventory in the upcoming season on weaker-than-expected demand from China, pushing prices lower and reinforcing concerns about fibre's battle for market share with polyester. In its monthl
Published 14 Jul, 2015 12:00am
Bangles and Bracelets

Bangles and Bracelets

Bangles are one of the essential ornaments for women on every festival and occasion. The vivid and colorful bangles add beauty boost to the overall look of women of every age group. Wearing bangles on festivals and occasions is a centuary's old tradition.
Published 14 Jul, 2015 12:00am
Message from Ambassador of France to Pakistan

Message from Ambassador of France to Pakistan

Dear Friends in Pakistan and Friends of Pakistan, It is my pleasure to share a few words in the "Daily Business Recorder" on the occasion of the National Day of France. Bastille Day on the 14th of July embodies the spirit of the French Revolution and the
Published 14 Jul, 2015 12:00am
Message from Chairman, DL Nash (Pvt) Ltd

Message from Chairman, DL Nash (Pvt) Ltd

I would like to congratulate France and all our French friends, residing in Pakistan on their National Day. France is the cradle of democracy and human rights in the world. The fall of Bastille on 14th July 1789 marked the commencement of a new era in the
Published 14 Jul, 2015 12:00am
Relations between France and Pakistan

Relations between France and Pakistan

Introduction: France and Pakistan established their diplomatic relations at the time of Pakistan's independence in 1947. Today, our relations are mainly structured around three axes (political, economy and security). The President of the Republic m
Published 14 Jul, 2015 12:00am
The art and the approach to starting businesses in France

The art and the approach to starting businesses in France

Several organisations make their expertise available to foreign investors to facilitate their launching of operations in France. One of these is the Agence française des investissements internationaux (AFII - French Agency for International Investment).
Published 14 Jul, 2015 12:00am
Aussie steadies
Currency

Aussie steadies

The Australian dollar steadied on Monday helped by a rebound in Chinese stocks, but gains were capped by uncertainties over whether near-bankrupt Greece can secure fresh funding. The Aussie dollar was little changed at $0.7437, holding off a six-year trou
Published 14 Jul, 2015 12:00am
South Africa's rand retreats

South Africa's rand retreats

South Africa's rand weakened on Monday as falling imports in China dragged emerging currencies lower despite broad market relief over Greece's truce with its creditors. By 1515 GMT the rand had slipped 0.12 percent to 12.4655 against the dollar, losing gr
Published 14 Jul, 2015 12:00am
Greek concerns weigh on Asia currencies
Currency

Greek concerns weigh on Asia currencies

Most emerging Asian currencies edged lower on Monday on worries over whether Greece could be forced to leave the euro zone, while Chinese trade data failed to ease concerns about growth in the world's No 2 economy. Regional currencies also came under pres
Published 14 Jul, 2015 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Monday after a state-owned bank pegged the currency's exchange rate to the dollar at 133.80, 20 cents lower than its previous close, dealers said, amid demand for the greenback from importers. The state-run bank had si
Published 14 Jul, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent).
Published 14 Jul, 2015 12:00am
Euro falls in Europe after Greek deal
Currency

Euro falls in Europe after Greek deal

The euro fell on Monday after eurozone leaders reached a deal with debt-stricken Greece, as investors turned their focus to the prospect of higher US interest rates and remained anxious that the future of the single currency was still uncertain. At the en
Published 14 Jul, 2015 12:00am
Early trade in New York: Dollar rallies broadly
Currency

Early trade in New York: Dollar rallies broadly

The dollar rallied against the euro, yen, and Swiss franc on Monday after a debt deal between Greece and its international lenders renewed focus on the possibility that the US Federal Reserve might hike interest rates in September. Eurozone leaders made G
Published 14 Jul, 2015 12:00am
Euro slips in Asia

Euro slips in Asia

The euro fell on Monday, hurt by uncertainty over whether a near-bankrupt Greece can secure more funding as its European partners demanded tough reforms in return for throwing a life-line to the debt-strapped nation. The euro last traded at $1.1145, down
Published 14 Jul, 2015 12:00am
China moves could slow IMF inclusion of renminbi
Currency

China moves could slow IMF inclusion of renminbi

A drive to include China's renminbi in the International Monetary Fund's Special Drawing Rights basket for global reserve currencies has been thrown into disarray following the rout in Chinese equities that erased 25% from the Shanghai Composite Index in
Published 14 Jul, 2015 12:00am
FTSE hits two-week high

FTSE hits two-week high

Britain's top equity index hit a two-week high on Monday, with banks among the best performers, after euro zone leaders agreed on a road map to a third bailout for near-bankrupt Greece. The FTSE 100 index closed 1 percent up at 6,737.95 points, with advan
Published 14 Jul, 2015 12:00am
Australian shares down slightly

Australian shares down slightly

Australian shares edged down 0.34 percent on Monday as investors remained cautious awaiting an outcome from Greece's negotiations with creditors. The S&P/ASX 200 index dropped 18.838 points to 5,473.200 at the close of trade. New Zealand's benchmark NZX 5
Published 14 Jul, 2015 12:00am
South African stocks rise

South African stocks rise

South African shares rose for a fourth straight session on Monday after the world's biggest platinum producer, Anglo American Platinum, said it expected interim earnings to increase by almost 15 times. Shares in Amplats closed up 1.2 percent despite plati
Published 14 Jul, 2015 12:00am
European shares rise on Greek debt deal
Currency

European shares rise on Greek debt deal

European shares rose on Monday after euro zone leaders reached agreement on a bailout for Greece after all-night talks in Brussels. Euro zone leaders made Greece agree to strict supervision on Monday in return for agreeing to talks on an 86 billion-euro (
Published 14 Jul, 2015 12:00am
Indian shares post biggest single-day gain in 3 weeks
Currency

Indian shares post biggest single-day gain in 3 weeks

Indian stock indexes ended more than a percent higher on Monday with bluechips leading the gainers on rising risk appetite after euro zone leaders clinched a deal with Greece to negotiate a third bailout. The NSE index gained 1.19 percent while the BSE in
Published 14 Jul, 2015 12:00am
Tokyo shares move up

Tokyo shares move up

Tokyo stocks bounced back on Monday with the benchmark index up 1.57 percent as investors await developments in last-ditch talks aimed at hammering out a new bailout deal for Greece. The Nikkei 225 index at the Tokyo Stock Exchange - which dropped 3.70 pe
Published 14 Jul, 2015 12:00am
Southeast Asian stocks soar
Currency

Southeast Asian stocks soar

Southeast Asian stock markets rose in thin volume on Monday amid short-covering after euro zone leaders clinched a deal with Greece and Indonesia extended gains for a second day on hopes the central bank will keep policy rate steady. The Jakarta composite
Published 14 Jul, 2015 12:00am
Sri Lankan shares up

Sri Lankan shares up

Sri Lankan shares hit a more than one-week high on Monday, surpassing the 7,000-point psychological barrier as hopes of political stability after the August 17 election helped boost sentiment, stockbrokers said. The ruling United National Party (UNP) has
Published 14 Jul, 2015 12:00am
Hong Kong stocks rise again

Hong Kong stocks rise again

Hong Kong stocks rose for a third straight day as investors cautiously built up positions, tracking a continuous recovery in mainland shares after China launched a fresh crackdown on margin lending. The Hang Seng index rose 1.3 percent to end the day at 2
Published 14 Jul, 2015 12:00am
NARC land: PKIC threatens to launch protest drive
Cotton

NARC land: PKIC threatens to launch protest drive

Pakistan Kissan Ittehad Council (PKIC) Monday set July-end as the deadline for government after the latter rejected the council proposal concerning setting up a housing colony by erasing National Agriculture Research Centre (NARC). The central president o
Published 14 Jul, 2015 12:00am
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