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Print - 2015-07-18
Major administrative shuffle in Sindh

Major administrative shuffle in Sindh

Karachi Additional Inspector General of Police (AIGP) Karachi, Ghulam Qadir Thebo and some 10 provincial administrators were removed from their respective posts on Friday in what appears to be a massive Sindh government shuffle. According to sources, the
Published 18 Jul, 2015 12:00am
Major administrative shuffle in Sindh

Major administrative shuffle in Sindh

Karachi Additional Inspector General of Police (AIGP) Karachi, Ghulam Qadir Thebo and some 10 provincial administrators were removed from their respective posts on Friday in what appears to be a massive Sindh government shuffle. According to sources, the
Published 18 Jul, 2015 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Saturday (July 18) and tomorrow, Sunday (July 19) on account of Eid-ul-Fitr. There will, therefore, be no issue of the newspaper on Sunday and Monday (July 19 and 20).
Published 18 Jul, 2015 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Saturday (July 18) and tomorrow, Sunday (July 19) on account of Eid-ul-Fitr. There will, therefore, be no issue of the newspaper on Sunday and Monday (July 19 and 20).
Published 18 Jul, 2015 12:00am
Your rupee last half year
Currency

Your rupee last half year

Following currency fluctuations took place in foreign exchange rates during the last half year. (January 2 to June 30, 2015).

Published 18 Jul, 2015 12:00am
The Weather

The Weather

The weather report on Friday (July 17, 2015) and the forecast for Saturday (July 18, 2015).

Published 18 Jul, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 14th July 2015

Published 18 Jul, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 14th July 2015

Published 18 Jul, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 14th July 2015

Published 18 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 18 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 18 Jul, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (July 17, 2015)

Published 18 Jul, 2015 12:00am
THE RUPEE: falling trend
Currency

THE RUPEE: falling trend

The rupee drifted lower against the dollar on the currency market amid shorthand week, ended on July 16 due to Eid-ul-Fitr holidays. On the interbank market, the rupee shed six-paisa versus the dollar for buying and selling at Rs 101.78 and Rs 101.80. On
Published 18 Jul, 2015 12:00am
THE RUPEE: falling trend
Currency

THE RUPEE: falling trend

The rupee drifted lower against the dollar on the currency market amid shorthand week, ended on July 16 due to Eid-ul-Fitr holidays. On the interbank market, the rupee shed six-paisa versus the dollar for buying and selling at Rs 101.78 and Rs 101.80. On
Published 18 Jul, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 18 Jul, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 18 Jul, 2015 12:00am
BRIDGE NOTES: Win either way

BRIDGE NOTES: Win either way

Good dummy play in Bridge is not everyone's forte. Yet without it, success in Bridge is well nigh improbable. When the Dummy comes down after the opening lead has been made, the declarer's attention rivets down to the making of his contract. The assesses
Published 18 Jul, 2015 12:00am
The eternal 'Doctor Zhivago'

The eternal 'Doctor Zhivago'

Egyptian-born film legend Omar Sharif, who died last Friday aged 83, captivated audiences world-wide for more than half a century, but will forever be remembered as the eponymous "Doctor Zhivago".
Published 18 Jul, 2015 12:00am
Jennifer Lawrence and 'Mockingjay' cast take final Comic-Con bow

Jennifer Lawrence and 'Mockingjay' cast take final Comic-Con bow

"Make no mistake, the game is coming to its end," President Snow tells Katniss Everdeen in the first official "Mockingjay - Part 2" trailer, released last Thursday, as Jennifer Lawrence led "The Hunger Games" stars in their final Comic-Con bow.
Published 18 Jul, 2015 12:00am
Female superheroes to the rescue! Or not

Female superheroes to the rescue! Or not

There are plenty of female superheroes at Comic-Con, the annual pop culture festival in San Diego - but they are mostly fans dressed up. Big-screen female icons are still few and far between. The comic book world may have a reputation for attracting male
Published 18 Jul, 2015 12:00am
Eid makeup trends
Cotton

Eid makeup trends

The festival of Eid brings joy and happiness on every face. The occasion enhances the spirit of peace, harmony, love, and delight. It is the best time of the year for families and friends to meet and celebrate the joy of the Eid. The occasion is specially
Published 18 Jul, 2015 12:00am
Ramazan festival breathes new life into old Jeddah

Ramazan festival breathes new life into old Jeddah

Residents of the Saudi Red Sea city of Jeddah are slowly returning to its historic centre, where a Ramazan cultural festival and UN heritage status are giving new life to the old quarter.
Published 18 Jul, 2015 12:00am
Colourful and smart tableware

Colourful and smart tableware

German china, a luxury product world-wide, relies on a steady home market among people who obsess over getting the settings for meals right, with dinner plates, soup tureens and cups all expected to match.
Published 18 Jul, 2015 12:00am
ART FACTS: Aesthetic and artistic calligraphy

ART FACTS: Aesthetic and artistic calligraphy

Javed Qamar is a passionate artist. His love for calligraphy is evident in his detailed calligraphic artworks. His paintings have three dimension effects which he gained over the years by constantly developing new techniques. His inventive nature led him
Published 18 Jul, 2015 12:00am
KARACHI CHRONICLE: We don't re-read more often

KARACHI CHRONICLE: We don't re-read more often

A common complaint, or lament, is that the book reading habit is dying out. It isn't. A lot of readers, especially the younger generations have switched to E-books, so they are invisible. More books, rare books, forbidden books, too-expensive-to-buy books
Published 18 Jul, 2015 12:00am
Shanghai copper little changed

Shanghai copper little changed

Shanghai Futures Exchange copper was little changed at 40,480 yuan ($6,519) a tonne on Friday as a seasonal demand lull and concerns over China's stockmarket stability kept risk appetite in check. "There's still a lot of uncertainty around the Chinese mac
Published 18 Jul, 2015 12:00am
Copper slides as China demand uncertainty dominates

Copper slides as China demand uncertainty dominates

Copper prices slipped on Friday, pressured by uncertainty over demand from top consumer China and a firmer dollar, but a Chinese stock market recovery is expected to curb the metal's losses. Benchmark copper on the London Metal Exchange ended down more th
Published 18 Jul, 2015 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures ended down 0.5 percent on Friday due to profit-taking after strong gains in the last three sessions, but ended the week with a 1.8 percent gain. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber pr
Published 18 Jul, 2015 12:00am
Oil prices seen steady this year

Oil prices seen steady this year

Oil prices are likely to be stable for the rest of this year and climb in 2016 and 2017 as global demand picks up, shrugging off setbacks from the Greek debt crisis and the possible lifting of sanctions on Iran, a Reuters poll forecast on Tuesday. The mon
Published 18 Jul, 2015 12:00am
Corn rises and soya eases

Corn rises and soya eases

US corn edged slightly higher while soyabeans reversed from earlier gains to turn lower on Thursday as drier weather outlooks for next week were seen as benefiting both crops after record rains in the Midwest in recent months limited yield potential. Corn
Published 18 Jul, 2015 12:00am
Cocoa eases

Cocoa eases

Cocoa futures eased slightly on Friday in a modest pullback from a four-year peak set earlier this week, although prices remained underpinned by concerns that lower West African production could lead to a large global deficit in the upcoming 2015/16 seaso
Published 18 Jul, 2015 12:00am
Gold slides in New York

Gold slides in New York

Gold fell to an eight-month low on Thursday after the US Federal Reserve's reiteration that interest rates were likely to rise this year pushed the dollar index to a seven-week high. Stocks world-wide rose on strong corporate earnings reports and relief o
Published 18 Jul, 2015 12:00am
Gold wallows near eight-month low in Asia

Gold wallows near eight-month low in Asia

Gold languished near its lowest level in eight months on Friday and is set to extend its losing run to a fourth week, pressured by a firmer dollar as expectations grow that the Federal Reserve will raise interest rates this year. Platinum and palladium he
Published 18 Jul, 2015 12:00am
Gold at five-year low in Europe

Gold at five-year low in Europe

Gold fell more than 1 percent to its lowest in five years on Friday, pressured by a strong dollar and US data that increased bets on a Federal Reserve rate increase this year, while platinum hit lows not seen in more than six years. Spot gold dropped 1.1
Published 18 Jul, 2015 12:00am
China sells 8.8 percent of reserve cotton
Cotton

China sells 8.8 percent of reserve cotton

China has sold 8.78 percent of the cotton on offer from its state reserves after the first week of sales, confirming expectations of poor demand. Beijing is aiming to sell as much as 1 million tonnes of fibre from state stocks by the end of August as part
Published 18 Jul, 2015 12:00am
China June copper output hits six-month high, aluminium, zinc at record

China June copper output hits six-month high, aluminium, zinc at record

China's production of refined copper rose 6.6 percent from the previous month in June, hitting a six-month high as some smelters reopened after maintenance and expanded output. Output reached 695,121 tonnes in June, compared with 652,379 tonnes in May, da
Published 18 Jul, 2015 12:00am
Probe of Chattanooga shooting suspect focuses on Mideast travel

Probe of Chattanooga shooting suspect focuses on Mideast travel

US authorities are investigating travel to the Middle East by the suspect in the fatal shootings of four Marines in Tennessee, including at least one trip to Jordan and possibly one to Yemen, a source close to the probe said on Friday. Mohammod Youssuf Ab
Published 18 Jul, 2015 12:00am
India's most expensive film ever smashes box office records

India's most expensive film ever smashes box office records

India's most expensive film ever, "Baahubali", is close to quickly recouping its massive $40 million-dollar budget after a record-breaking week at the box office, an industry analyst said on Friday. The epic battle movie, which has been likened to America
Published 18 Jul, 2015 12:00am
Nemtsov's daughter to receive million-euro Polish rights prize

Nemtsov's daughter to receive million-euro Polish rights prize

Poland on Friday awarded the journalist daughter of slain Russian opposition politician Boris Nemtsov a million-euro prize for championing democracy and human rights. Zhanna Nemtsova, 31, announced last month that she had left Russia, slamming the climate
Published 18 Jul, 2015 12:00am
Three girls blow themselves up in deadly Nigeria attacks

Three girls blow themselves up in deadly Nigeria attacks

Three girls staged suicide bombings in the Nigerian city of Damaturu on Friday, killing at least 13 people as residents prepared for the Eid festival, police said. The attacks, in a north-eastern area hard hit by the Boko Haram insurgency, came just days
Published 18 Jul, 2015 12:00am
Six Brotherhood supporters killed in clashes in Cairo

Six Brotherhood supporters killed in clashes in Cairo

Six supporters of Egypt's outlawed Muslim Brotherhood were killed in clashes with police near the Giza pyramids in Cairo on Friday, security sources said, as Egyptians marked the Eidul-Fitr. Security forces intervened and arrested 15 armed Brotherhood mem
Published 18 Jul, 2015 12:00am
Uganda's Museveni slams UN for failing to take on rebels

Uganda's Museveni slams UN for failing to take on rebels

Uganda's president on Friday accused United Nations peacekeepers of failing to disarm rebels in the east of neighbouring Congo and said his army should be allowed to hunt them down instead. In an Eid message, President Yoweri Museveni alleged the UN missi
Published 18 Jul, 2015 12:00am
Zimbabwe reprimands French envoy over activist remarks

Zimbabwe reprimands French envoy over activist remarks

Zimbabwe's foreign ministry has rebuked the French ambassador over remarks he reportedly made at Bastille Day celebrations in support of a missing opposition activist, state media said Friday. The government-run Herald newspaper said French ambassador Lau
Published 18 Jul, 2015 12:00am
Thousands still stranded in Indonesia as airports remain closed

Thousands still stranded in Indonesia as airports remain closed

Thousands of Indonesians were spending a miserable Eid Friday after failing to make it home to see their families as erupting volcanoes closed six airports, including in the country's second-biggest city. The international airport serving Surabaya, the la
Published 18 Jul, 2015 12:00am
Volvo sows doubts on cost cuts
Currency

Volvo sows doubts on cost cuts

Truck maker Volvo said its efforts to reach its cost-cutting target were being hampered by a weak Swedish crown, and warned it expected little growth in its crucial North American market in coming years. The comments overshadowed forecast-beating quarterl
Published 18 Jul, 2015 12:00am
Foreign inflows into US Treasuries in May largest in more than a year

Foreign inflows into US Treasuries in May largest in more than a year

Foreign inflows into US Treasuries in May rose to their highest level in more than a year, data from the US Treasury Department showed on Thursday, as concerns about Greece and the Chinese stock market spurred a flight to safe assets. Offshore purchases o
Published 18 Jul, 2015 12:00am
How to spend $100 billion? policy headaches loom for Iran
Currency

How to spend $100 billion? policy headaches loom for Iran

How to spend $100 billion may sound like a pleasant problem to have, but it is one of several economic policy headaches looming for Iranian President Hassan Rouhani after this week's nuclear deal promised to lift sanctions crippling the economy. Rouhani,
Published 18 Jul, 2015 12:00am
Canadian inflation edges up
Currency

Canadian inflation edges up

Canada's annual inflation rate edged up in June, but cheaper energy prices helped keep it at the lower end of the central bank's target range, data from Statistics Canada showed on Friday. Annual inflation was 1 percent last month, up from 0.9 percent in
Published 18 Jul, 2015 12:00am
Google profit trumps estimates on ad revenue growth

Google profit trumps estimates on ad revenue growth

Google Inc posted a better-than-expected profit for the first time in the last six quarters, as advertising revenue jumped for the largest Web search engine, lifting its stock about 10 percent on Thursday. Google's stock "is reflecting the fact that they'
Published 18 Jul, 2015 12:00am
Google profit trumps estimates on ad revenue growth

Google profit trumps estimates on ad revenue growth

Google Inc posted a better-than-expected profit for the first time in the last six quarters, as advertising revenue jumped for the largest Web search engine, lifting its stock about 10 percent on Thursday. Google's stock "is reflecting the fact that they'
Published 18 Jul, 2015 12:00am
Boeing to take $536 million tanker charge in Q2

Boeing to take $536 million tanker charge in Q2

Boeing said Friday that its second-quarter earnings will include a charge for additional costs to complete the huge KC-46A aerial refuelling tanker program for the US Air Force. The US aerospace giant said it would take an after-tax charge of $536 million
Published 18 Jul, 2015 12:00am
Samsung scrapes to victory in proxy battle over $8 billion merger

Samsung scrapes to victory in proxy battle over $8 billion merger

Samsung Group's founding family on Friday scored a narrow win in a landmark proxy battle, fending off an activist investor opposed to an $8 billion deal that cements its grip as a new generation prepares to take the reins of South Korea's biggest conglome
Published 18 Jul, 2015 12:00am
First Iranian ship storing oil sails for Asia after nuclear deal

First Iranian ship storing oil sails for Asia after nuclear deal

An Iranian supertanker with two million barrels of oil is heading to Asia after sitting in Iranian waters for months, the first vessel storing crude offshore to sail after a nuclear deal this week, data showed on Thursday. Iran and six major world powers
Published 18 Jul, 2015 12:00am
US inflation, housing data bolster rate hike argument

US inflation, housing data bolster rate hike argument

US consumer prices rose for a fifth straight month in June as the cost of gasoline and a range of other goods increased, further signs of firming inflation that strengthen the case for an interest rate hike this year. Other data on Friday suggested the ec
Published 18 Jul, 2015 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell for a fourth day in a row on Thursday, with some farmer selling on the cash market pressuring futures, traders said. Some recent rains in key growing areas have stabilised the canola crop, which had been threatened by dry
Published 18 Jul, 2015 12:00am
Chinese iron ore futures steady as Rio cuts 2015 shipments target

Chinese iron ore futures steady as Rio cuts 2015 shipments target

Chinese iron ore futures reversed early losses to trade flat on Thursday, supported by firmer equities and global miner Rio Tinto trimming its full-year shipment guidance due to weather disruptions. Rio Tinto, the world's No 2 iron ore producer, cut its 2
Published 18 Jul, 2015 12:00am
Asian naphtha front-month price stays lower

Asian naphtha front-month price stays lower

Asia's naphtha front-month price stayed lower than the following month's value for the sixth straight session on Thursday, a reflection of a weak market caused by a supply glut. Front-month first-half September price was 50 cents a tonne lower than first-
Published 18 Jul, 2015 12:00am
European coal prices drop as demand ebbs

European coal prices drop as demand ebbs

European physical coal prices spent most of the first two weeks of July in decline as demand ebbed, and imports by major Asian buyers also slowed in line with economic growth in the region. In Europe, August physical cargoes into Amsterdam, Rotterdam or A
Published 18 Jul, 2015 12:00am
European palm oil prices fall on export slowdown
Vegetable Oil

European palm oil prices fall on export slowdown

European palm oil prices were lower on Wednesday as a strong dollar put pressure on the market and new Malaysian export data showed a slowdown in demand for July. Crude palm oil prices were down between $5 and $7.50 a tonne with the August-September posit
Published 18 Jul, 2015 12:00am
Dry spell wilts Indian crops, stokes food inflation concerns
Cotton

Dry spell wilts Indian crops, stokes food inflation concerns

Farmers in India run the risk of planting too much, too fast in the current monsoon season as an unexpected dry spell starts to wilt crops across the country, raising fears of lower yields and surging food prices in a mostly impoverished nation.
Published 18 Jul, 2015 12:00am
Dry spell wilts Indian crops, stokes food inflation concerns
Cotton

Dry spell wilts Indian crops, stokes food inflation concerns

Farmers in India run the risk of planting too much, too fast in the current monsoon season as an unexpected dry spell starts to wilt crops across the country, raising fears of lower yields and surging food prices in a mostly impoverished nation.
Published 18 Jul, 2015 12:00am
European wheat bounces to one-week high

European wheat bounces to one-week high

European wheat bounced to a one-week high on Thursday, boosted by a sharp fall of the euro against the dollar, making the grain more competitive on world markets. Reports of French wheat sales to Mexico in a move to replace US soft red winter wheat that h
Published 18 Jul, 2015 12:00am
Supply of coffee tightens on slow Vietnam sales, Indonesia holiday

Supply of coffee tightens on slow Vietnam sales, Indonesia holiday

Supplies of Asia's robusta beans tightened this week as Vietnamese exporters held back from selling at lower global prices and Indonesia entered a long holiday, traders said. The ICE September contract edged down $17, or 1 percent, to close at $1,725 a to
Published 18 Jul, 2015 12:00am
US FOB Gulf corn and soyabean premiums lower

US FOB Gulf corn and soyabean premiums lower

US Gulf corn and soyabean export premiums were flat to lower on Wednesday on light demand for US supplies amid persistent competition from South American shipments, traders said. Purchase inquiries from regular US corn importers such as Japan and Mexico h
Published 18 Jul, 2015 12:00am
Thai rice export prices extend gains

Thai rice export prices extend gains

Thailand's rice export prices extended gains this week on concerns that a drought may cut domestic output, while demand from private Philippine firms has also pushed up prices in Vietnam, traders said on Wednesday. Thailand has cut its main crop output fo
Published 18 Jul, 2015 12:00am
Strategie Grains cuts EU wheat, maize crops after dry, hot spell

Strategie Grains cuts EU wheat, maize crops after dry, hot spell

Consultancy Strategie Grains on Thursday lowered its outlook for this year's soft wheat and maize harvests in the European Union due to the impact of dry and hot weather. Traders and analysts have been scaling back harvest estimates in Europe to reflect w
Published 18 Jul, 2015 12:00am
Diverging stock indexes pave uneven recovery for Japan Inc

Diverging stock indexes pave uneven recovery for Japan Inc

The diverging performance of Japan's benchmark Nikkei stock average and the broader Topix is a reminder that corporate Japan is not all equally riding the wave of optimism sparked by "Abenomics" yet. Prime Minister Shinzo Abe's mix of super-loose monetary
Published 18 Jul, 2015 12:00am
Norwegian Air says long-haul expansion pays off

Norwegian Air says long-haul expansion pays off

Budget airline Norwegian Air Shuttle swung to a forecast-beating operating profit in the second quarter, as its heavy bet on the long-haul market turned profitable for the first time, the company said on Thursday. Norwegian, Europe's number three budget a
Published 18 Jul, 2015 12:00am
Honeywell profit beats estimates

Honeywell profit beats estimates

Honeywell International Inc reported a better-than-expected increase in quarterly profit as the maker of aircraft parts and climate control systems reined in costs amid declining sales. Honeywell's shares rose as much as 3 percent in early trading after t
Published 18 Jul, 2015 12:00am
Honeywell profit beats estimates

Honeywell profit beats estimates

Honeywell International Inc reported a better-than-expected increase in quarterly profit as the maker of aircraft parts and climate control systems reined in costs amid declining sales. Honeywell's shares rose as much as 3 percent in early trading after t
Published 18 Jul, 2015 12:00am
Ericsson profit beats forecast
Currency

Ericsson profit beats forecast

Ericsson, the world's No 1 mobile network equipment maker, beat second-quarter sales and profit forecasts and said its mainstay North American business had stabilised after three quarters of declines, lifting its shares as much as 6 percent. Mobile operat
Published 18 Jul, 2015 12:00am
Ericsson profit beats forecast
Currency

Ericsson profit beats forecast

Ericsson, the world's No 1 mobile network equipment maker, beat second-quarter sales and profit forecasts and said its mainstay North American business had stabilised after three quarters of declines, lifting its shares as much as 6 percent. Mobile operat
Published 18 Jul, 2015 12:00am
Participants must help fix global forex market: NY Fed official
Currency

Participants must help fix global forex market: NY Fed official

Those who trade in the global foreign-exchange market must step up and help regulators restore fairness and public trust after a string of investigations and settlements related to rigging, a top Federal Reserve Bank of New York official said on Tuesday.
Published 18 Jul, 2015 12:00am
Foreigners sell Canadian securities in May, first time this year

Foreigners sell Canadian securities in May, first time this year

Foreign investors sold their holdings of Canadian securities in May in the first reduction this year, led by a decrease in equities, data from Statistics Canada showed on Thursday. Non-residents sold C$5.45 billion ($4.21 billion) in Canadian assets. Hold
Published 18 Jul, 2015 12:00am
Softer eurozone inflation confirmed in June as energy dips

Softer eurozone inflation confirmed in June as energy dips

Inflation in the eurozone softened in June, the European Union's statistics office confirmed on Thursday, as energy costs weakened and price rises of food and services eased after a spike in May. Eurostat said consumer prices in the 19 countries sharing t
Published 18 Jul, 2015 12:00am
Schlumberger profit beats estimates

Schlumberger profit beats estimates

Schlumberger Ltd, the world's No 1 oilfield services provider, reported a bigger-than-expected quarterly profit as its cost-cutting efforts helped soften the impact of reduced global drilling activity. Schlumberger, which provides drilling technology and
Published 18 Jul, 2015 12:00am
Schlumberger profit beats estimates

Schlumberger profit beats estimates

Schlumberger Ltd, the world's No 1 oilfield services provider, reported a bigger-than-expected quarterly profit as its cost-cutting efforts helped soften the impact of reduced global drilling activity. Schlumberger, which provides drilling technology and
Published 18 Jul, 2015 12:00am
GE gives rosier 2015 outlook as industrial profits rise
Currency

GE gives rosier 2015 outlook as industrial profits rise

General Electric Co raised its 2015 outlook for its industrial manufacturing businesses on Friday as it reported a 5 percent increase in its quarterly industrial profits, helped by stronger performance in its power division offsetting weak oil segment res
Published 18 Jul, 2015 12:00am
GE gives rosier 2015 outlook as industrial profits rise
Currency

GE gives rosier 2015 outlook as industrial profits rise

General Electric Co raised its 2015 outlook for its industrial manufacturing businesses on Friday as it reported a 5 percent increase in its quarterly industrial profits, helped by stronger performance in its power division offsetting weak oil segment res
Published 18 Jul, 2015 12:00am
New CEO guides Mattel to surprise quarterly profit

New CEO guides Mattel to surprise quarterly profit

Toymaker Mattel Inc on Thursday posted a surprise profit in its first full quarter under new chief executive Christopher Sinclair, helped by a rise in demand for its Fisher-Price toys and lower costs. Sales of Fisher-Price toys, aimed at infants and presc
Published 18 Jul, 2015 12:00am
New CEO guides Mattel to surprise quarterly profit

New CEO guides Mattel to surprise quarterly profit

Toymaker Mattel Inc on Thursday posted a surprise profit in its first full quarter under new chief executive Christopher Sinclair, helped by a rise in demand for its Fisher-Price toys and lower costs. Sales of Fisher-Price toys, aimed at infants and presc
Published 18 Jul, 2015 12:00am
China banks lend $209 billion to margin lender to lift stock prices

China banks lend $209 billion to margin lender to lift stock prices

China's biggest banks have lent 1.3 trillion yuan ($209.4 billion) to the country's state-backed margin lender to halt a meltdown in Chinese shares, local media said on Friday, underlining the government's determination to support stock prices. Financial
Published 18 Jul, 2015 12:00am
China stocks up for second week
Mutual Funds

China stocks up for second week

China stocks closed up on Friday, overcoming a mid-week slide to end up for a second week, with market insiders saying the "national team" of brokerages, mutual funds and market regulators were intensifying intervention, especially in the futures market.
Published 18 Jul, 2015 12:00am
TSX notches 5th straight gain

TSX notches 5th straight gain

Canada's main stock index gained on Thursday, with banking stocks leading the way a day after the central bank cut interest rates, while gold miners fell as renewed anticipation of a US Federal Reserve rate hike this year hit bullion prices. The Toronto S
Published 18 Jul, 2015 12:00am
Friday's early trade: Nasdaq hits record high

Friday's early trade: Nasdaq hits record high

The Nasdaq composite hit a record high on Friday on strong results from Google, while the Dow and the S&P 500 fell, dragged down by Boeing and energy stocks. A sharp drop in crude prices pushed the S&P 500 energy index down 1.37 percent to its lowest leve
Published 18 Jul, 2015 12:00am
Wall Street rises; eBay, Netflix push Nasdaq to record high

Wall Street rises; eBay, Netflix push Nasdaq to record high

Wall Street ended stronger on Thursday, with the Nasdaq up more than 1 percent at a record high after earnings reports from eBay and Netflix boosted optimism. Google's shares jumped more than 13 percent after the bell following a better-than-expected prof
Published 18 Jul, 2015 12:00am
Sri Lanka stocks at highest in nearly seven weeks

Sri Lanka stocks at highest in nearly seven weeks

Sri Lankan stocks closed at a near seven-week high on Friday led by select shares in heavy trade as hopes of political stability after the August 17 parliamentary polls lifted sentiment. Foreign investors however cut holdings in bluechips, with net outflo
Published 18 Jul, 2015 12:00am
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