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Print - 2015-09-24
IMF trims Madagascar's 2015 GDP growth forecast

IMF trims Madagascar's 2015 GDP growth forecast

Madagascar's economy is expected to grow by 3.2 percent in 2015, the International Monetary Fund said, slower than its previous 3.5 percent forecast as falling commodity prices, slowing tourism sector and power cuts hurt output. The IMF and international
Published 24 Sep, 2015 12:00am
Draghi says too early to decide on further stimulus

Draghi says too early to decide on further stimulus

Risks to Europe's inflation and growth outlook have increased due to the emerging market slowdown but the European Central Bank needs more time before deciding on further stimulus, ECB President Mario Draghi said on Wednesday. Draghi said price growth wil
Published 24 Sep, 2015 12:00am
Tanzania aims to open capital markets further in December

Tanzania aims to open capital markets further in December

Tanzania expects to open its capital markets further in December by letting foreigners from outside east Africa invest in Treasury bills and other debt, a senior central bank official said on Tuesday. Tanzania has been easing restrictions on its capital m
Published 24 Sep, 2015 12:00am
No need to change RWE's strategy: CEO

No need to change RWE's strategy: CEO

RWE sees no reason to change the ailing utility's strategy, its chief executive said on Wednesday, despite a massive plunge in the group's shares in recent weeks. Shares in RWE have fallen more than 40 percent since mid-August, hit by concerns over billin
Published 24 Sep, 2015 12:00am
Glencore's Zambian mine aims to slash 3,800 jobs

Glencore's Zambian mine aims to slash 3,800 jobs

Swiss mining giant Glencore, hard hit by collapsing commodity prices, has notified the Zambian government that its Mopani copper mine will lay off nearly 3,800 workers, the labour minister said Wednesday. Glencore subsidiary Mopani Copper Mines cited low
Published 24 Sep, 2015 12:00am
Volkswagen chief quits as cheating scandal snowballs

Volkswagen chief quits as cheating scandal snowballs

Volkswagen chief executive Martin Winterkorn resigned Wednesday over a pollution cheating scandal that has sparked a US criminal investigation and worldwide legal action with unfathomable financial consequences for the auto giant. "I am shocked by the eve
Published 24 Sep, 2015 12:00am
Brazil loan defaults stay near highest in almost two years

Brazil loan defaults stay near highest in almost two years

Bank loans delinquent for at least 90 days in Brazil remained in August at their highest in almost two years, the central bank said on Wednesday, as a widespread downturn and rising borrowing costs kept companies and consumers from staying current on thei
Published 24 Sep, 2015 12:00am
Myanmar inaugurates $1.5 billion economic zone

Myanmar inaugurates $1.5 billion economic zone

Myanmar's vice president opened on Wednesday a $1.5 billion manufacturing complex aimed at luring investment and creating jobs, showcasing government work on developing the economy in the run-up to a general election. Vice President Nyan Tun, a close ally
Published 24 Sep, 2015 12:00am
APPSF announces Eid holidays

APPSF announces Eid holidays

Private Schools will remain closed from September 24 to 27, on account of Eid-ul-Azha. A meeting of Central Executive Council (CEC) of All Pakistan Private schools' Federation (APPSF) was held under the Central President APPSF Mirza Kashif Ali, here on We
Published 24 Sep, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 23, 2015).

Published 24 Sep, 2015 12:00am
5.6 million fingerprints stolen in US personnel data hack

5.6 million fingerprints stolen in US personnel data hack

Hackers who stole security clearance data on millions of Defence Department and other US government employees got away with about 5.6 million fingerprint records, some 4.5 million more than initially reported, the government said on Wednesday. During an o
Published 24 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 24 Sep, 2015 12:00am
2 Al-Jazeera journalists pardoned by Egypt leader are freed

2 Al-Jazeera journalists pardoned by Egypt leader are freed

The wife of a pardoned Canadian journalist for Al-Jazeera English says he and his colleague have been released from prison. Marwa Omara, wife of Mohamed Fahmy, told The Associated Press that her husband and his colleague, Egyptian national Baher Mohammed,
Published 24 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 24 Sep, 2015 12:00am
2 Al-Jazeera journalists pardoned by Egypt leader are freed

2 Al-Jazeera journalists pardoned by Egypt leader are freed

The wife of a pardoned Canadian journalist for Al-Jazeera English says he and his colleague have been released from prison. Marwa Omara, wife of Mohamed Fahmy, told The Associated Press that her husband and his colleague, Egyptian national Baher Mohammed,
Published 24 Sep, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 23, 2015).

Published 24 Sep, 2015 12:00am
Outcry as 9/11 conspiracy theorist joins Greek government

Outcry as 9/11 conspiracy theorist joins Greek government

Greek Prime Minister Alexis Tsipras asked his nationalist coalition partners for an explanation Wednesday after outrage erupted over his appointment of a minister notorious for anti-Semitic and homophobic remarks. Dimitris Kammenos, a lawmaker from the na
Published 24 Sep, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 23, 2015).

Published 24 Sep, 2015 12:00am
Outcry as 9/11 conspiracy theorist joins Greek government

Outcry as 9/11 conspiracy theorist joins Greek government

Greek Prime Minister Alexis Tsipras asked his nationalist coalition partners for an explanation Wednesday after outrage erupted over his appointment of a minister notorious for anti-Semitic and homophobic remarks. Dimitris Kammenos, a lawmaker from the na
Published 24 Sep, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (September 23, 2015) and the forecast for Wednesday (September 23, 2015).

Published 24 Sep, 2015 12:00am
India ready to invest over $15 billion in Iran; seeks cheaper gas

India ready to invest over $15 billion in Iran; seeks cheaper gas

India is ready to invest more than $15.2 billion to build projects in Iran including taking up full-scale development of Chabahar Port if Tehran offers better terms including cheaper gas, Shipping Minister Nitin Gadkari said on Wednesday. India is one of
Published 24 Sep, 2015 12:00am
India ready to invest over $15 billion in Iran; seeks cheaper gas

India ready to invest over $15 billion in Iran; seeks cheaper gas

India is ready to invest more than $15.2 billion to build projects in Iran including taking up full-scale development of Chabahar Port if Tehran offers better terms including cheaper gas, Shipping Minister Nitin Gadkari said on Wednesday. India is one of
Published 24 Sep, 2015 12:00am
India ready to invest over $15 billion in Iran; seeks cheaper gas

India ready to invest over $15 billion in Iran; seeks cheaper gas

India is ready to invest more than $15.2 billion to build projects in Iran including taking up full-scale development of Chabahar Port if Tehran offers better terms including cheaper gas, Shipping Minister Nitin Gadkari said on Wednesday. India is one of
Published 24 Sep, 2015 12:00am
India ready to invest over $15 billion in Iran; seeks cheaper gas

India ready to invest over $15 billion in Iran; seeks cheaper gas

India is ready to invest more than $15.2 billion to build projects in Iran including taking up full-scale development of Chabahar Port if Tehran offers better terms including cheaper gas, Shipping Minister Nitin Gadkari said on Wednesday. India is one of
Published 24 Sep, 2015 12:00am
Irregularities in power sector

Irregularities in power sector

Irregularities of around 980 billion rupees have been unearthed in entities working under the Ministry of Water and Power, including Water and Power Development Authority and other power companies by the Auditor General of Pakistan (AGP) for 2013-14, acco
Published 24 Sep, 2015 12:00am
Only in America
Kerb

Only in America

What a 14-year-old Muslim boy, Ahmed Mohammad, in Texas, the US, had to experience a few days ago is a classic example of the good and bad about America. As it happened, having made a digital clock at home using a metal briefcase style box, digital displa
Published 24 Sep, 2015 12:00am
VIEW POINT: The state of democracy

VIEW POINT: The state of democracy

Should we be worried about the state of democracy in this country? The answer is yes but reasons vary depending on who is talking. The International Day of Democracy, observed on September 15, provided some interesting insights. PPP leader Asif Ali Zardar
Published 24 Sep, 2015 12:00am
Changing landscape of cyber threats

Changing landscape of cyber threats

Till recently very few people know about the internet and its functions. May be a few know what an e-mail is, and how e-commerce can be made through the cyber world. Online banking was yet to be introduced. But now we do many important things on web-based
Published 24 Sep, 2015 12:00am
China growth slowdown slams brakes on auto market

China growth slowdown slams brakes on auto market

Chinese luxury auto dealer Sunfonda was in the fast lane to success as the country boomed but a slowdown in the world's number two economy has slammed the brakes on the firm's ambitions. The worst economic performance in a quarter century and a prolonged
Published 24 Sep, 2015 12:00am
Bank loan and jurisdiction of NAB

Bank loan and jurisdiction of NAB

It feels good to hear that the government is taking steps to curb the corruption from the country but it feels sad when corrupt and just peoples are considered equal without any discrimination.
Published 24 Sep, 2015 12:00am
President has no political motives: spokesman

President has no political motives: spokesman

The spokesman for the Aiwan-e-Sadr on Wednesday said that President Mamnoon Hussain as a symbol of the federation was above the politics and had no political motives. "There is no truth in the reports that the President would lead the PML-N election campa
Published 24 Sep, 2015 12:00am
Nisar approves Rs 10,000 Eid bonus for Nadra employees

Nisar approves Rs 10,000 Eid bonus for Nadra employees

Interior Minister Chaudhry Nisar Ali Khan Wednesday approved Rs 10,000 Eid bonus for all National Database and Registration Authority (NADRA) employees. The interior minister said that all hardworking and diligent employees would be encouraged. He said a
Published 24 Sep, 2015 12:00am
Bhandara's message

Bhandara's message

Eid is a day for celebration and especially Eid-ul-Azha teaches us the value of sacrifice and mutual respect. These thoughts were expressed by Member National Assembly and Chief Executive Murree Brewery Asfanyar Bhandara in a special statement on the occa
Published 24 Sep, 2015 12:00am
PPP denies report about Zardari

PPP denies report about Zardari

Commenting on reports in section of the media that Asif Ali Zardari has abdicated his responsibilities as Co-Chairman of the PPP, Spokesperson of the Party termed the reports as exaggerated and not based on reality. He said Bilawal Bhutto Zardari and Asif
Published 24 Sep, 2015 12:00am
Crackdown against transports launched in Peshawar

Crackdown against transports launched in Peshawar

Taking notice of the growing public complaints regarding the overcharging by public transporters, District Government Peshawar launched crackdown against transporters. For this purpose, District Nazim Mohammad Asim Khan constituted four different teams co
Published 24 Sep, 2015 12:00am
TTP commander killed in encounter

TTP commander killed in encounter

Commander of banned Tehrik-e-Taliban Pakistan (TTP) Gul Rauf was killed during police search and strike operation at Takhtikhel in the limit of Naurang police station in Lakki Marwat on Wednesday. A spokesman of KP Police in his statement issued here Wedn
Published 24 Sep, 2015 12:00am
Two suspected RAW agents detained in Kurram Agency

Two suspected RAW agents detained in Kurram Agency

Security forces on Wednesday detained two RAW agents in Kurram Agency's Parachinar area. According to the assistant political agent, at least Indian rupees 178,000 and levies uniform have been recovered from the suspects. It is pertinent to mention here t
Published 24 Sep, 2015 12:00am
Victims of terrorism: government distributes compensation cheques in KA

Victims of terrorism: government distributes compensation cheques in KA

Cheques of Rs 111.35 million were distributed in the affectees of various incidents of terrorism in Kurram Agency. In a ceremony organised in Governor Cottage Parachinar, the bereaved families of 209 martyrs including the government servants and 276 injur
Published 24 Sep, 2015 12:00am
Imran strongly rejects report

Imran strongly rejects report

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Wednesday strongly rejected a media report that claimed that his marriage with TV personality Reham Khan is on the rocks. "I am shocked at a TV channel making a slanderous statement about my marriage.
Published 24 Sep, 2015 12:00am
LCCI seeks introduction of tax reforms

LCCI seeks introduction of tax reforms

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to introduce tax reforms in consultation with the stakeholders as measures like withholding tax on bank transactions, attaching of accounts and SRO cultures are creating an atmosp
Published 24 Sep, 2015 12:00am
Motorway police conducts special patrolling

Motorway police conducts special patrolling

On the directions of Inspector General National Highways & Motorway Police, Central Zone has conducted special patrolling on the eve of Eid-ul-Azha. In order to share happiness of the day, all officers (constables to inspector general) participated in the
Published 24 Sep, 2015 12:00am
Gondal condoles death of BoR member

Gondal condoles death of BoR member

Chief Secretary Punjab Khizar Hayyat Gondal has expressed deep sense of sorrow and grief over the sad demise of Board of Revenue (BoR) Member Muhammad Akram Javed. Condoling with the bereaved family, the Chief Secretary said that civil service of Punjab h
Published 24 Sep, 2015 12:00am
Siraj urges nation to unite against corruption

Siraj urges nation to unite against corruption

Chief of Jamaat e Islami, Pakistan, Senator Sirajul Haq, has impressed upon the nation to rise above regional and ethnic differences and forge unity against the corrupt. Talking to different delegations at Mansoora on Wednesday, he said that major politic
Published 24 Sep, 2015 12:00am
Parents praise Shahbaz for resolving fee issue

Parents praise Shahbaz for resolving fee issue

A delegation of parents association met Punjab Chief Minister Shahbaz Sharif here Wednesday and thanked him for resolving the issue of increase in fees by private schools. Speaking on the occasion, the Chief Minister said that education is the right of ev
Published 24 Sep, 2015 12:00am
Lahore Cattle Market: Normalcy restored at Shahpur Kanjran

Lahore Cattle Market: Normalcy restored at Shahpur Kanjran

The Lahore Division Cattle Market Management Company's unyielding efforts restore normalcy at Shahpur Kanjran Lahore in the face of torrential rains. The Shahpur Kanjran Market has a holding capacity of over 20,000 animals on peak days along with over 3,0
Published 24 Sep, 2015 12:00am
Chenab and Jhelum in medium flood

Chenab and Jhelum in medium flood

After torrential rains in the upper catchments, the rivers Chenab and Jhelum attained the level of medium flood respectively at Marala head-works near Sialkot and at Mangla near Jhelum city on Wednesday. Flood Forecasting Centre Lahore told Business Re
Published 24 Sep, 2015 12:00am
PAD advises farmers

PAD advises farmers

The Punjab Agriculture Department (PAD) has advised farmers to prefer canola on conventional oil bearing crops as it hardly contains anything harmful to health. A department spokesman said on Wednesday that Canola's per acre yield and standard was better
Published 24 Sep, 2015 12:00am
Thousands of women stitchers become jobless in Sialkot

Thousands of women stitchers become jobless in Sialkot

"Women Empowerment Programme" is being implemented by Baidarie (NGO) with the financial and technical support of Adidas Group in Sialkot disclosed Director Social and environmental affairs Asia Pacific Region Adidas Group Harry Nurmansyah Sr. Addressing a
Published 24 Sep, 2015 12:00am
Punjab chief minister reviews progress on Greater Iqbal Park project

Punjab chief minister reviews progress on Greater Iqbal Park project

Punjab Chief Minister Shahbaz Sharif presided over a meeting, here Wednesday, which reviewed the progress on Greater Iqbal Park project. Speaking on the occasion, the Chief Minister said that Greater Iqbal Park project will enhance the beauty of Lahore ci
Published 24 Sep, 2015 12:00am
1,361 sentenced for creating religious hatred, anarchy

1,361 sentenced for creating religious hatred, anarchy

Punjab Home Department spokesman has said that 1361 persons have been sentenced in the province on the charges of creating religious hatred and anarchy through loudspeaker under the National Action Plan. He reminded that creating religious hatred and anar
Published 24 Sep, 2015 12:00am
150 suspects held under NAP

150 suspects held under NAP

Search operation was carried out in Madina Town, Lyallpur Town and Jaranwala Town under National Action Plan (NAP) on special directive of the City Police Officer (CPO). A spokesman for City police said that 150 suspects were arrested, including two court
Published 24 Sep, 2015 12:00am
PCJCCI chief explains potential of Islamic banking

PCJCCI chief explains potential of Islamic banking

"Islamic financial system has potential to provide better banking and financial services than the conventional system, provided it capitalises on its own inherent strengths and avoids following the conventional system," President Pak-China Joint Chamber o
Published 24 Sep, 2015 12:00am
Promotion of SMEs: SCCI president vows continued efforts

Promotion of SMEs: SCCI president vows continued efforts

The Secretary General, Sialkot Chamber of Commerce and industry (SCCI) Tariq Mahmood Malik in a press statement issued Wednesday evening announced the names of the elected Executive Committee Members from both Corporate and Associate class for the Annual
Published 24 Sep, 2015 12:00am
Rs 316 million allocated for experimental camel farms

Rs 316 million allocated for experimental camel farms

The Punjab government has allocated a sum of Rs 316 million for saving the camels from diseases and developing experimental camel farms to promote cattle farming in the province. This was disclosed at a meeting convened by the Chief Minister's Special Ass
Published 24 Sep, 2015 12:00am
PEF holidays

PEF holidays

The offices and partner schools of the Punjab Education Foundation (PEF) will remain closed from September 24 to 26, on account of Eid-ul-Azha holidays. Meanwhile, Punjab Education Foundation has asked its partner schools to take active part in the tree-p
Published 24 Sep, 2015 12:00am
Textile industry: power surcharges adding to cost of doing business

Textile industry: power surcharges adding to cost of doing business

"Electricity surcharges worth Rs 3.63 per unit levied by the federal government, and not determined by the National Electricity Power Regulatory Authority (NEPRA) has pushed the cost of doing business up for textile industry. It has already hit through th
Published 24 Sep, 2015 12:00am
ACCA launches new digital product
Currency

ACCA launches new digital product

The Association of Chartered Certified Accountants has launched a new digital product, ACCA X, which enables people to try the qualification for free. It is accessed through digital media and available on smart phones and tablets. ACCA is offering greater
Published 24 Sep, 2015 12:00am
Working, problems of police departments reviewed

Working, problems of police departments reviewed

In order to review the working of various police departments and the problems being faced by the officers of CTD, Elite, Special Branch, Special Protection Unit, Riverine and border posts, PHP, Traffic, Lahore Police and also formulation of strategy to pu
Published 24 Sep, 2015 12:00am
Treatment of injured APS students reviewed

Treatment of injured APS students reviewed

Advisor to Chief Minister on Health Khawaja Salman Rafiq chaired a meeting on Wednesday to review treatment of injured students of the Army Public School Peshawar. Professor Mehmood Shaukat informed that medical and diagnostic reports regarding treatment
Published 24 Sep, 2015 12:00am
MOL Group announces global talent acquisition programme

MOL Group announces global talent acquisition programme

MOL Group is launching its international talent acquisition programme UPPP. This year's motto "Your adventure awaits" reflects the very essence of the contest. This programme invites students whose major field of study is geo-science, petro-technical or e
Published 24 Sep, 2015 12:00am
Technical institutes: KP to constitute institution management bodies

Technical institutes: KP to constitute institution management bodies

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has ordered constitution of Institution Management Committees for all 67 technical and vocational training institutes of the province to empower newly born TEVTA (Technical Education and Vocational and Trai
Published 24 Sep, 2015 12:00am
Seven killed, 24 hurt in bus-trailer collision

Seven killed, 24 hurt in bus-trailer collision

At about 0500 hrs in the morning a coach while on way from Jiwani to Karachi had a head on collision with a truck at Basol (approximately 35 kms West of Ormara) on Coastal Highway. Pakistan Navy and Civil Administration's rescue teams and ambulances reach
Published 24 Sep, 2015 12:00am
Commissioner for early completion of Lyari Expressway project

Commissioner for early completion of Lyari Expressway project

Lyari Expressway is a project of national significance and as such it be completed at the earliest. This was stressed by Commissioner Karachi, Shoaib Ahmed Siddiqui, here on Wednesday. He was chairing a meeting which reviewed the stalled work of the north
Published 24 Sep, 2015 12:00am
Qinqi rickshaws allowed to run conditionally

Qinqi rickshaws allowed to run conditionally

The Sindh government has conditionally allowed qinqi rickshaws to ply the streets once again with maximum seats for four passengers. The Advocate General of Sindh had submitted a request in the Supreme Court to this effect. Earlier, transporters had filed
Published 24 Sep, 2015 12:00am
Two women die in Khuzdar road accident

Two women die in Khuzdar road accident

At least two women died in a collision between two vehicles here on Tuesday. Police said that in the collision between two over speeding vehicles in tehsil Wadh of district Khuzdar of Balochistan two women sustained critical wounds. The injured women were
Published 24 Sep, 2015 12:00am
National Forest Policy draft likely to get required consensus

National Forest Policy draft likely to get required consensus

The Ministry of Climate Change has decided to take the National Forest Policy-2015 to Council of Common Interests (CCI) for approval after getting cold shoulder from chief secretaries of all the four provinces and Gilgit-Baltistan. The Ministry has rolled
Published 24 Sep, 2015 12:00am
CDA prepares comprehensive plan for offal disposal

CDA prepares comprehensive plan for offal disposal

The Capital Development Authority (CDA) has prepared a comprehensive plan for collection and disposal of waste, offal of sacrificial animals on the eve of Eid-ul-Azha to be held on September 25. An official said the environment and sanitation wings of the
Published 24 Sep, 2015 12:00am
Intel supports NB-LTE technology for IoT

Intel supports NB-LTE technology for IoT

Intel Corporation today announced its support for Narrow-Band Long-Term Evolution (NB-LTE) technology as the ideal wireless connectivity solution for the growing Internet of Things (IoT) market segment. NB-LTE is an optimised variant of the widely deploye
Published 24 Sep, 2015 12:00am
50-bed ICU nearing completion at CHH: MS

50-bed ICU nearing completion at CHH: MS

Medical Superintendent Civil Hospital Hyderabad(MS CHH) Dr Wajid Memon has informed that 50-bedded new ICU building is near to complete at a cost of Rs 130 million which will not only cater the medical needs of Hyderabad citizens but also people of interi
Published 24 Sep, 2015 12:00am
Improved economic environment boosted auto industry: COO IMC

Improved economic environment boosted auto industry: COO IMC

"Improving economic environment, driven by the government efforts provided much needed boost to the auto industry, IMC in particular posted healthy growth in FY 2014-15 and contributed Rs 32bn in national exchequer, which makes 1.2 percent of the overall
Published 24 Sep, 2015 12:00am
SU holds awareness walk against corruption

SU holds awareness walk against corruption

"Corruption is penetrated like cancer in our society that may lead the society to a big disaster, if not checked. It is imperative to launch an effective campaign of awareness about this evil among masses. Young generation and future leaders should also p
Published 24 Sep, 2015 12:00am
PPP worker among three killed in Karachi

PPP worker among three killed in Karachi

At least three persons were killed in separate incidents of violence while police arrested some 34 suspects including gang war operatives, here on Wednesday. According to police and rescue sources, some unidentified armed men opened firing in Orangi Bazar
Published 24 Sep, 2015 12:00am
KPT Pollution Control department under fire

KPT Pollution Control department under fire

The Marine Pollution Control Department (MPCD) of Karachi Port Trust (KPT) Wednesday came under fire for its failure to clean its own premises. The MPCD, which is envisaged to address environmental issues related to marine pollution at the country's 62-sq
Published 24 Sep, 2015 12:00am
Cowasjee elected PSAA chief

Cowasjee elected PSAA chief

Ava A Cowasjee was elected as a chairperson of Pakistan Ships Agents Association (PSAA) in the Association's polls for FY2015-16. Tariq Haleem and Younus Vayani were elected as senior vice chairman and vice chairman of the body during the annual election
Published 24 Sep, 2015 12:00am
Zahid Saeed elected Kati President

Zahid Saeed elected Kati President

Zahid Saeed, Saleem Uzzaman and Sayyed Wajid Hussain have been elected unopposed President, Senior Vice-President and Vice-President of Korangi Association of Trade and Industry (Kati) respectively for the year 2015-16. The members and outgoing President
Published 24 Sep, 2015 12:00am
US bond prices jump

US bond prices jump

US Treasuries prices rose on Tuesday as lingering worries about the global economy triggered a selloff in stock and commodity markets worldwide and revived safe-haven demand for lower-risk government debt. The bond market recovered Monday's losses, which
Published 24 Sep, 2015 12:00am
Lewandowski hits five to write Bundesliga history

Lewandowski hits five to write Bundesliga history

Robert Lewandowski wrote Bundesliga history on Tuesday and sent records tumbling by scoring five goals in just nine minutes in Bayern Munich's 5-1 romp at home to Wolfsburg. Bayern were 1-0 down at the break thanks to a goal by Wolfsburg winger Daniel Cal
Published 24 Sep, 2015 12:00am
Aussie and kiwi remain down
Currency

Aussie and kiwi remain down

The Australian and New Zealand dollars fell for a third consecutive session on Wednesday as a slide in commodity prices sent investors to safe assets such as bonds. The Australian dollar dropped to $0.7077, from $0.7087 early, having shed two cents since
Published 24 Sep, 2015 12:00am
Sterling skids against euro
Currency

Sterling skids against euro

Sterling skidded over 1 percent against the euro on Wednesday after the head of the European Central Bank said it was too early to decide on further stimulus in the euro zone. The euro had hit a one-month low versus the pound the previous day on talk the
Published 24 Sep, 2015 12:00am
Sri Lankan rupee slightly higher
Currency

Sri Lankan rupee slightly higher

The Sri Lankan rupee ended marginally higher on Wednesday due to inward remittances ahead of the Hajj, though gains were capped by importer demand for dollars, dealers said. Exporters held on to the greenback on expectations of further depreciation, they
Published 24 Sep, 2015 12:00am
Asian forex: rupiah hits 17-year low, ringgit tumbles
Currency

Asian forex: rupiah hits 17-year low, ringgit tumbles

Most emerging Asian currencies skidded on Wednesday as disappointing Chinese factory activity boosted concerns over a slowing global growth and on a strong US dollar. Indonesia's rupiah hit a 17-year low on stock outflows, while the Malaysian ringgit slid
Published 24 Sep, 2015 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.80-77.80 (previous 77.80-77.80). 05.40-06.50 percent (* Previous 05.30-06.50 percent). (* revised).
Published 24 Sep, 2015 12:00am
Dollar extends gains against euro in New York
Currency

Dollar extends gains against euro in New York

The US dollar hit a more than two-week high against the euro on Tuesday on continued belief that the Federal Reserve would hike rates this year while the European Central Bank could ease further. The euro hit $1.11130, its lowest against the greenback sin
Published 24 Sep, 2015 12:00am
Early trade in New York: dollar slips against euro
Currency

Early trade in New York: dollar slips against euro

The US dollar slipped against the euro on Wednesday after the head of the European Central Bank said the ECB needed more time to assess whether to boost its stimulus program, confounding some who were expecting a more dovish tone. ECB President Mario Drag
Published 24 Sep, 2015 12:00am
Euro edges up against dollar, yen in Europe
Currency

Euro edges up against dollar, yen in Europe

The euro gained around a third of a percent against the dollar and the yen on Wednesday, helped by signals that an expansion of the European Central Bank's quantitative easing programme is not quite on the agenda yet. Ahead of a European Parliament appear
Published 24 Sep, 2015 12:00am
Aussie tumbles, yen up in Asia

Aussie tumbles, yen up in Asia

The Australian dollar tumbled and the yen rose on Wednesday after a survey showed Chinese factory activity fell to a 6-1/2-year low, clouding the outlook for global growth. The preliminary Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI)
Published 24 Sep, 2015 12:00am
Yuan eases, but state banks seen intervening offshore

Yuan eases, but state banks seen intervening offshore

China's yuan weakened on Wednesday as the dollar strengthened in global markets and after activity in the country's factory sector shrank unexpectedly to a 6-1/2-year low in September. Offshore yuan, however, trimmed earlier losses due to intervention fro
Published 24 Sep, 2015 12:00am
FTSE recovers as energy stocks rebound

FTSE recovers as energy stocks rebound

Britain's top equity index recovered on Wednesday from a slump in the previous session, as rising oil prices led to gains by energy stocks. The FTSE 100 index, which had fallen 2.8 percent in the previous session, closed up 1.6 percent at 6,032.24 points.
Published 24 Sep, 2015 12:00am
Southeast Asian stocks: Indonesia at four-week low

Southeast Asian stocks: Indonesia at four-week low

Indonesian shares hit a four-week low on Wednesday amid selloffs in large-caps and a fall in the rupiah while other share markets in Southeast Asia fell in line with global equities after a survey indicating weak factory data from China. Jakarta's composi
Published 24 Sep, 2015 12:00am
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