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Print - 2015-09-25
Iran accuses Saudi Arabia of safety errors

Iran accuses Saudi Arabia of safety errors

Iran accused Saudi Arabia of grave safety errors after 90 of its citizens died Thursday in a stampede that killed more than seven hundred pilgrims during the annual Hajj ceremonies. After saying the kingdom was responsible for the tragedy, Deputy Foreign
Published 25 Sep, 2015 12:00am
Morrissey's debut novel panned by critics in UK

Morrissey's debut novel panned by critics in UK

Pop star Morrissey released his debut novel "List of the Lost" in Britain Thursday to howls of derision from critics, who suggested that the ex-Smiths singer should stick to his day job. The 118-page book tells the story of four teenage members of a relay
Published 25 Sep, 2015 12:00am
PTI leaders hoodwinking people: Zaeem

PTI leaders hoodwinking people: Zaeem

Punjab government spokesman Syed Zaeem Hussain Qadri has said that PTI government could not add even single megawatt electricity in KPK during last two and a half years but the PTI leaders are committing enmity with 54 thousand families by criticizing Qua
Published 25 Sep, 2015 12:00am
'Heartbreaking' Hajj stampede: White House voices condolences

'Heartbreaking' Hajj stampede: White House voices condolences

The White House on Thursday offered condolences after a "heartbreaking" stampede in Saudi Arabia that left more than 700 pilgrims dead. "The United States expresses its deepest condolences to the families of the hundreds of Hajj pilgrims killed and hundre
Published 25 Sep, 2015 12:00am
Saudi crown prince orders probe

Saudi crown prince orders probe

Saudi Arabia's crown prince ordered an investigation into the stampede at the Hajj pilgrimage that left more than 700 dead on Thursday, the official Saudi Press Agency reported. Prince Mohammed bin Nayef, who chairs the Saudi hajj committee, ordered the p
Published 25 Sep, 2015 12:00am
61 outlawed groups: Punjab imposes hide collection ban

61 outlawed groups: Punjab imposes hide collection ban

The Punjab government has imposed ban on collection of hides and skins of the sacrificial animals during the Eidul Azha by proscribed groups and issued a list of 61 such groups to district administrations for effective implementation of the ban. According
Published 25 Sep, 2015 12:00am
Prime Minister expresses deep sorrows

Prime Minister expresses deep sorrows

Prime Minister Muhammad Nawaz Sharif has expressed deep grief and sorrow over the sad demise of pilgrims due to stampede at Mina, Makkah on Thursday. He prayed for eternal peace to the departed souls and commiserated with the bereaved families, a statemen
Published 25 Sep, 2015 12:00am
Prime Minister expresses deep sorrows

Prime Minister expresses deep sorrows

Prime Minister Muhammad Nawaz Sharif has expressed deep grief and sorrow over the sad demise of pilgrims due to stampede at Mina, Makkah on Thursday. He prayed for eternal peace to the departed souls and commiserated with the bereaved families, a statemen
Published 25 Sep, 2015 12:00am
Eid-ul Azha today

Eid-ul Azha today

Eid-ul-Azha is being celebrated with traditional religious fervour and enthusiasm by Muslims here on Friday to commemorate the supreme sacrifice of Hazrat Ibrahim (AS). The day will dawn with special prayers in mosques for the peace, progress and well-bei
Published 25 Sep, 2015 12:00am
Eid-ul Azha today

Eid-ul Azha today

Eid-ul-Azha is being celebrated with traditional religious fervour and enthusiasm by Muslims here on Friday to commemorate the supreme sacrifice of Hazrat Ibrahim (AS). The day will dawn with special prayers in mosques for the peace, progress and well-bei
Published 25 Sep, 2015 12:00am
MQM pressures government, army with list of 'executed'

MQM pressures government, army with list of 'executed'

Muttahida Qaumi Movement (MQM) has drawn up a list of 46 members it says were killed deliberately by paramilitary Rangers in Karachi, the first time it has accused the force of a campaign of extrajudicial killings. The Muttahida Qaumi Movement (MQM) party
Published 25 Sep, 2015 12:00am
MQM pressures government, army with list of 'executed'

MQM pressures government, army with list of 'executed'

Muttahida Qaumi Movement (MQM) has drawn up a list of 46 members it says were killed deliberately by paramilitary Rangers in Karachi, the first time it has accused the force of a campaign of extrajudicial killings. The Muttahida Qaumi Movement (MQM) party
Published 25 Sep, 2015 12:00am
Pakistan expected to issue $500 million 10-year bond at 8.25 percent

Pakistan expected to issue $500 million 10-year bond at 8.25 percent

Pakistan is expected to issue a US $500m 10-year bond at a yield of 8.25 percent later on Thursday. The sovereign began marketing the 144A/Reg S deal earlier in the day in the low 8% area. Demand for the bond is about US $1bn. The issue is expected to be
Published 25 Sep, 2015 12:00am
Pakistan expected to issue $500 million 10-year bond at 8.25 percent

Pakistan expected to issue $500 million 10-year bond at 8.25 percent

Pakistan is expected to issue a US $500m 10-year bond at a yield of 8.25 percent later on Thursday. The sovereign began marketing the 144A/Reg S deal earlier in the day in the low 8% area. Demand for the bond is about US $1bn. The issue is expected to be
Published 25 Sep, 2015 12:00am
Pakistan expected to issue $500 million 10-year bond at 8.25 percent

Pakistan expected to issue $500 million 10-year bond at 8.25 percent

Pakistan is expected to issue a US $500m 10-year bond at a yield of 8.25 percent later on Thursday. The sovereign began marketing the 144A/Reg S deal earlier in the day in the low 8% area. Demand for the bond is about US $1bn. The issue is expected to be
Published 25 Sep, 2015 12:00am
Pakistan expected to issue $500 million 10-year bond at 8.25 percent

Pakistan expected to issue $500 million 10-year bond at 8.25 percent

Pakistan is expected to issue a US $500m 10-year bond at a yield of 8.25 percent later on Thursday. The sovereign began marketing the 144A/Reg S deal earlier in the day in the low 8% area. Demand for the bond is about US $1bn. The issue is expected to be
Published 25 Sep, 2015 12:00am
Six Pakistani pilgrims killed

Six Pakistani pilgrims killed

Minister for Religious and Interfaith Harmony Sardar Muhammad Yousaf on Thursday confirmed the death of six Pakistani pilgrims in Mina, outside Makkah, due to stampede. Talking to private TV channel, the minister, sharing the information, said two women h
Published 25 Sep, 2015 12:00am
Six Pakistani pilgrims killed

Six Pakistani pilgrims killed

Minister for Religious and Interfaith Harmony Sardar Muhammad Yousaf on Thursday confirmed the death of six Pakistani pilgrims in Mina, outside Makkah, due to stampede. Talking to private TV channel, the minister, sharing the information, said two women h
Published 25 Sep, 2015 12:00am
DEADLY STAMPEDE

DEADLY STAMPEDE

At least 717 pilgrims from around the world were killed on Thursday in a crush outside the Muslim holy city of Makkah, Saudi authorities said, in the worst disaster to strike the annual Haj pilgrimage for 25 years. At least 863 others were injured. Saudi
Published 25 Sep, 2015 12:00am
DEADLY STAMPEDE

DEADLY STAMPEDE

At least 717 pilgrims from around the world were killed on Thursday in a crush outside the Muslim holy city of Makkah, Saudi authorities said, in the worst disaster to strike the annual Haj pilgrimage for 25 years. At least 863 others were injured. Saudi
Published 25 Sep, 2015 12:00am
The Weather

The Weather

The weather report on Thursday (September 24, 2015) and the forecast for Friday (September 25, 2015).

Published 25 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 25 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 25 Sep, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Sep, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Sep, 2015 12:00am
BRIDGE NOTES: Think right through

BRIDGE NOTES: Think right through

In Bridge, the thinking process of a good player should proceed on logical review of the inferential clues available that can steer him on to the right path for a successful play or defence. It all starts off from the bidding gaining momentum as the point
Published 25 Sep, 2015 12:00am
Bollywood's women steal movie limelight from men

Bollywood's women steal movie limelight from men

After decades of male domination, Bollywood has seen a recent wave of hit movies starring Indian women in tough, smart lead roles, suggesting the gender tide may finally be turning. India's movie goers are used to watching glamorous and often scantily cla
Published 25 Sep, 2015 12:00am
Kidnapping tale 'Room' takes top prize at Toronto film festival

Kidnapping tale 'Room' takes top prize at Toronto film festival

"Room", an adaptation of the Man Booker Prize-nominated novel about a mother and child held captive for years, won top prize at the Toronto International Film Festival on Sunday. The People's Choice Award, chosen by the votes of audience members, has in t
Published 25 Sep, 2015 12:00am
'Francofonia' shows art as fragile world treasure

'Francofonia' shows art as fragile world treasure

Russian director Alexander Sokurov's film "Francofonia", is a tour of the Louvre museum guided in part by Napoleon and Marianne, the symbol of the French republic. The film, co-produced with the French museum, is Sokurov's second foray into inventive cine
Published 25 Sep, 2015 12:00am
Beware harming your 'personal brand' on social media
Kerb

Beware harming your 'personal brand' on social media

Facebook CEO Mark Zuckerberg recently announced that on August 27th, "1 in 7 people on earth used Facebook to connect with their friends and family" - which means about 1 billion people in a single day. It's a startling statistic and it means human connec
Published 25 Sep, 2015 12:00am
Mini-scanner tells what's in food, drink or pills

Mini-scanner tells what's in food, drink or pills

An Israeli start-up has launched a pocket device which analyses instantly the composition of food, drink, medication or other objects. Consumer Physics says its SCiO tool sends data on the chemical makeup of a substance to the user's smartphone, where a v
Published 25 Sep, 2015 12:00am
Special Kaleji recipes

Special Kaleji recipes

Aroma of delicious, yummy and fresh kaleji dishes are the specialty of Eid-ul-Azha. These dishes are the healthiest traditional dishes to cook and eat.
Published 25 Sep, 2015 12:00am
Arctic advantage: genetic traits help Inuit in harsh conditions

Arctic advantage: genetic traits help Inuit in harsh conditions

The Inuit, a group of people who make the Arctic their home, have benefited from a handy set of genetic adaptations that help them survive in some of Earth's harshest conditions. Scientists said a study of the genomes of Inuit from Greenland revealed uniq
Published 25 Sep, 2015 12:00am
ART FACTS: Golden solo exhibition: Indelible imprints of Mashkoor Raza

ART FACTS: Golden solo exhibition: Indelible imprints of Mashkoor Raza

Mashkoor Raza needs no introduction he is one of the most celebrated artists of Pakistan. He has established himself as an identity on canvas for portraying the brute force of horses and silent nude figures during the last four decades. His boldly rendere
Published 25 Sep, 2015 12:00am
Outrage grows over South African lions 'bred for the bullet'

Outrage grows over South African lions 'bred for the bullet'

A thick-maned lion is walking in the bush when a shot rings out. The lion rises up in the air, writhing in pain. More shots. The lion collapses into the grass. The hunt, which is shown in the new South African documentary Blood Lions, is no ordinary one.
Published 25 Sep, 2015 12:00am
KARACHI CHRONCILE: sacrificial animals aplenty

KARACHI CHRONCILE: sacrificial animals aplenty

Here is a million-rupee question: Which is the most popular sacrificial animals. Is it four legged or two legged? Did you say 'two legged'? Right! Since all of you have correctly guessed the answer, each gets one hundredth of a rupee or what we used to ca
Published 25 Sep, 2015 12:00am
UK car production rebounds in August

UK car production rebounds in August

British car production leapt by almost 41 percent in August compared with the same month last year, bringing output in the first eight months of the year to over 1 million for the first time since 2008, an industry body said on Thursday. Boosted by earlie
Published 25 Sep, 2015 12:00am
Monte dei Paschi closes costly derivative trade with Nomura

Monte dei Paschi closes costly derivative trade with Nomura

Monte dei Paschi reached a settlement with Japan's Nomura Holdings to close a loss-making derivative trade, end years of litigation and remove a big financial burden to boost its chances of finding a buyer. Shares in the Tuscan bank jumped more than 8 per
Published 25 Sep, 2015 12:00am
Nigerian firms in trouble as central bank measures backfire
Currency

Nigerian firms in trouble as central bank measures backfire

Nigerian companies making anything from soap to tomato paste could run out of raw materials and be forced to shut down as Africa's top oil producer has effectively banned the import of almost 700 goods to prevent a currency collapse. Selected luxury items
Published 25 Sep, 2015 12:00am
India doesn't need extra stimulus, will grow over eight percent

India doesn't need extra stimulus, will grow over eight percent

India does not need further fiscal stimulus to revive the economy, despite record low inflation and growth seen at the lower end of an 8.1-8.5 percent target this financial year, chief economic adviser Arvind Subramanian said on Wednesday. Comments by Sub
Published 25 Sep, 2015 12:00am
GE to get up to $12 billion in export financing from Britain

GE to get up to $12 billion in export financing from Britain

General Electric Co said on Thursday it reached an agreement with Britain's export credit agency to access export financing of up to $12 billion, as the US conglomerate continues to spotlight the expiration of the US Export-Import Bank. In GE's latest ann
Published 25 Sep, 2015 12:00am
South Africa holds key interest rate at six percent

South Africa holds key interest rate at six percent

South Africa's central bank kept its benchmark interest rate unchanged at six percent Wednesday, citing risks to the global economic outlook after the US Federal Reserve held its own rate at zero last week. Lesetja Kganyago, the governor of South Africa's
Published 25 Sep, 2015 12:00am
Japan Prime Minister unveils 600 trillion yen GDP goal, short on details

Japan Prime Minister unveils 600 trillion yen GDP goal, short on details

Japanese Prime Minister Shinzo Abe vowed on Thursday to raise gross domestic product by nearly a quarter to 600 trillion Japanese yen ($5 trillion), pledging to refocus on the economy after the passage of controversial security bills that eroded his popul
Published 25 Sep, 2015 12:00am
Firms upbeat in face of uncertainty abroad

Firms upbeat in face of uncertainty abroad

Europe's biggest economies are showing signs of resilience despite weakness abroad and the refugee crisis on their own doorstep, with firms in Germany and France expressing optimism about their prospects, surveys on Thursday showed. Such strength in the f
Published 25 Sep, 2015 12:00am
Ryanair to distribute Ear Lingus sale proceeds to shareholders

Ryanair to distribute Ear Lingus sale proceeds to shareholders

Ryanair is to distribute the 398 million euros ($445 million) it earned from the sale of its 30 percent stake in Aer Lingus to shareholders before the end of the year, the airline said on Thursday. The company will distribute the funds via a B-share schem
Published 25 Sep, 2015 12:00am
Caterpillar slashes revenue forecast, may cut up to 10,000 jobs

Caterpillar slashes revenue forecast, may cut up to 10,000 jobs

Caterpillar Inc slashed its revenue forecast for 2015 by $1 billion and said it could cut up to 10,000 jobs through 2018, amid a downturn in the mining and energy industries. Shares of the world's biggest construction and mining equipment maker, which has
Published 25 Sep, 2015 12:00am
Caterpillar slashes revenue forecast, may cut up to 10,000 jobs

Caterpillar slashes revenue forecast, may cut up to 10,000 jobs

Caterpillar Inc slashed its revenue forecast for 2015 by $1 billion and said it could cut up to 10,000 jobs through 2018, amid a downturn in the mining and energy industries. Shares of the world's biggest construction and mining equipment maker, which has
Published 25 Sep, 2015 12:00am
Lockheed says US approves its $9 billion takeover of Sikorsky

Lockheed says US approves its $9 billion takeover of Sikorsky

Lockheed Martin Corp said on Thursday that US officials have approved its $9 billion takeover of Black Hawk helicopter maker Sikorsky Aircraft from United Technologies Corp. In a filing with the US Securities and Exchange Commission, the company said auth
Published 25 Sep, 2015 12:00am
US business spending plans measure slips in August

US business spending plans measure slips in August

A gauge of US business investment plans fell slightly in August while the number of Americans filing new applications for jobless benefits barely rose last week, signs that global economic headwinds were doing little to impede US growth. Other economic da
Published 25 Sep, 2015 12:00am
Taiwan's central bank cuts interest rates to stimulate demand

Taiwan's central bank cuts interest rates to stimulate demand

Taiwan's central bank on Thursday cut its benchmark interest rate for the first time since 2009, as the trade-reliant economy faces headwinds from a slowdown in China and weaker global demand for its tech exports. Central bank Governor Perng Fai-nan said
Published 25 Sep, 2015 12:00am
Osborne courts Chinese investment in high-speed rail

Osborne courts Chinese investment in high-speed rail

British finance minister George Osborne will open bidding during a visit to China on Thursday on 12 billion pounds ($18 billion) of contracts to build a high-speed rail line, the latest effort to bring Chinese cash to Britain. Osborne will also seek Chine
Published 25 Sep, 2015 12:00am
China- to let foreign investors participate in SOE reforms

China- to let foreign investors participate in SOE reforms

China will allow foreign investors to participate in reforms of state-owned enterprises (SOEs) in "an orderly manner", the cabinet said on Thursday, as part of broad efforts to shake up the inefficient sector. Foreign investment will be introduced into st
Published 25 Sep, 2015 12:00am
China to cut administration fees to support economy

China to cut administration fees to support economy

China will cut administration fees worth up to 4 billion yuan ($626.78 million) across a dozen sectors including real estate and intellectual property, the country's top planning agency said on Thursday. Effective from October 15, transaction fees for new
Published 25 Sep, 2015 12:00am
IMF raises its forecast for Cameroon 2015 GDP growth to six percent

IMF raises its forecast for Cameroon 2015 GDP growth to six percent

The International Monetary Fund has raised its 2015 forecast for GDP growth in Cameroon to 6 percent but said it could achieve higher growth still were it not for a drop in the global oil price and the cost of a fight against Islamist militants. The forec
Published 25 Sep, 2015 12:00am
IMF raises its forecast for Cameroon 2015 GDP growth to six percent

IMF raises its forecast for Cameroon 2015 GDP growth to six percent

The International Monetary Fund has raised its 2015 forecast for GDP growth in Cameroon to 6 percent but said it could achieve higher growth still were it not for a drop in the global oil price and the cost of a fight against Islamist militants. The forec
Published 25 Sep, 2015 12:00am
Fitch revises up Philippines outlook to 'positive'

Fitch revises up Philippines outlook to 'positive'

Fitch Ratings revised its outlook on the Philippines to "positive" from "stable", saying governance standards and competitiveness indicators have shown steady improvement under President Benigno Aquino. Fitch affirmed its rating on the Philippines as 'BBB
Published 25 Sep, 2015 12:00am
Fitch revises up Philippines outlook to 'positive'

Fitch revises up Philippines outlook to 'positive'

Fitch Ratings revised its outlook on the Philippines to "positive" from "stable", saying governance standards and competitiveness indicators have shown steady improvement under President Benigno Aquino. Fitch affirmed its rating on the Philippines as 'BBB
Published 25 Sep, 2015 12:00am
Brazil unemployment rate rises for 8th month in August

Brazil unemployment rate rises for 8th month in August

Brazil's unemployment rate rose for an eighth straight month in August to the highest in over five years, although the increase was slightly smaller than markets expected, data showed on Thursday. Brazil's non-seasonally adjusted jobless rate rose in Augu
Published 25 Sep, 2015 12:00am
Oryzon aims to list in Madrid by year-end

Oryzon aims to list in Madrid by year-end

Spanish biotech company Oryzon, which develops experimental drugs to treat cancer and neuro-degenerative diseases, aims to list on the Madrid stock exchange by the end of the year, its co-founder told Reuters on Friday. "We've given ourselves a little mor
Published 25 Sep, 2015 12:00am
Oryzon aims to list in Madrid by year-end

Oryzon aims to list in Madrid by year-end

Spanish biotech company Oryzon, which develops experimental drugs to treat cancer and neuro-degenerative diseases, aims to list on the Madrid stock exchange by the end of the year, its co-founder told Reuters on Friday. "We've given ourselves a little mor
Published 25 Sep, 2015 12:00am
Tokyo stocks tumble

Tokyo stocks tumble

Automakers and suppliers dragged Tokyo's Nikkei stock index almost three percent lower on Thursday, hit by concerns about the fallout from the Volkswagen emissions scandal while a strong yen also weighed. The losses came as Japanese dealers returned to th
Published 25 Sep, 2015 12:00am
Australian shares bounce

Australian shares bounce

Australian shares finished 1.47 percent higher on Thursday, with gains across all sectors as buyers emerged after steep falls in the previous session. The S&P/ASX 200 index jumped 73.6 points to end at 5,071.7 after closing at its lowest since July 2013 o
Published 25 Sep, 2015 12:00am
Thursday's early trade: stocks plummet as Caterpillar weighs

Thursday's early trade: stocks plummet as Caterpillar weighs

US stocks fell about 1.5 percent in late morning trading on Thursday as Caterpillar's sales forecast cut dragged down industrials and exacerbated concerns of slowing global economic growth. Caterpillar fell as much as 7.9 percent to its lowest level since
Published 25 Sep, 2015 12:00am
Wall Street ends lower as factory data adds to growth worries

Wall Street ends lower as factory data adds to growth worries

US stocks ended down slightly on Wednesday, led by losses in materials and energy shares as weak Chinese and US factory data added to growth worries. Trading was choppy once gain, with the S&P 500 briefly trading higher following afternoon comments by Chi
Published 25 Sep, 2015 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan shares were higher on Thursday led by TSMC announcing its third quarter revenue would be better than expected and on bargain-hunting after sharp losses in the previous session. But the gains were being eroded ahead of the quarterly policy meeting o
Published 25 Sep, 2015 12:00am
Hong Kong shares down

Hong Kong shares down

Hong Kong shares fell on Thursday as concerns about slowing global demand offset gains in mainland China markets. The Hang Seng index fell 1 percent to 21,095.98 points, while the China Enterprises Index lost 1.1 percent to 9,469.81 points. Among the most
Published 25 Sep, 2015 12:00am
US bonds dip after eurozone growth data

US bonds dip after eurozone growth data

US Treasuries prices slipped on Wednesday as data showing an expected slight fall in euro zone manufacturing growth reduced anxiety about global growth that was briefly heightened by a dismal reading on China's economy. Euro zone business growth slowed th
Published 25 Sep, 2015 12:00am
US bonds dip after eurozone growth data

US bonds dip after eurozone growth data

US Treasuries prices slipped on Wednesday as data showing an expected slight fall in euro zone manufacturing growth reduced anxiety about global growth that was briefly heightened by a dismal reading on China's economy. Euro zone business growth slowed th
Published 25 Sep, 2015 12:00am
Indian shares up

Indian shares up

Indian shares ended slightly higher on Thursday as derivatives expiry, a long weekend and the central bank's credit policy meeting next week deterred investors from building large positions. The broader NSE index ended 0.29 percent higher, while the bench
Published 25 Sep, 2015 12:00am
China stocks rebound

China stocks rebound

China stocks rebounded on Thursday, but investor confidence in the economy remained shaky, capping gains. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.7 percent, to 3,285.00, while the Shanghai Composite Index gained 0.
Published 25 Sep, 2015 12:00am
European shares lower with emission concerns hitting BMW

European shares lower with emission concerns hitting BMW

European shares were lower in choppy trade on Thursday, with BMW falling to a two-year low and dragging the whole auto sector into the red amid renewed concerns over a diesel car pollution scandal. The declines came as index futures indicated a lower open
Published 25 Sep, 2015 12:00am
TSX falls as crude oil, global worries weigh

TSX falls as crude oil, global worries weigh

Canada's main stock index fell on Wednesday, following hefty losses in the previous session, as tumbling crude prices and weak manufacturing data out of China and the United States hurt the resource-rich index in low-volume trade. The Toronto Stock Exchan
Published 25 Sep, 2015 12:00am
Southeast Asian markets fall; Thai SET index trims losses

Southeast Asian markets fall; Thai SET index trims losses

Shares in the Philippines and Vietnam fell on Thursday in line with world equities while the Thai benchmark recouped some early losses on gains in Siam Commercial Bank and Siam Cement. The Thai SET index ended the day marginally lower at 1,372.35, its low
Published 25 Sep, 2015 12:00am
FTSE falls as commodities stocks slump again

FTSE falls as commodities stocks slump again

Britain's blue-chip share index fell on Thursday, with basic resources and energy companies coming under fresh selling pressure due to lingering concerns about demand for metals and a poor outlook for commodity prices. Goldman Sachs cut its target prices
Published 25 Sep, 2015 12:00am
China's yuan firms on intervention

China's yuan firms on intervention

China's yuan firmed on Thursday as state-owned banks sold dollars on behalf of the central bank, offsetting a slightly weaker official guidance rate. Traders said that they saw a relatively large amount of dollar sales by the state-owned banks. The centra
Published 25 Sep, 2015 12:00am
Sri Lanka central bank seen keeping rates steady

Sri Lanka central bank seen keeping rates steady

Sri Lanka's central bank is expected to keep its policy interest rates unchanged at record lows on Friday, a Reuters poll found. Nine out of 11 analysts surveyed said they expect the central bank to leave the standing deposit facility rate (SDFR) at 6.00
Published 25 Sep, 2015 12:00am
Euro clings to gains versus dollar in Asia
Currency

Euro clings to gains versus dollar in Asia

The euro clung to gains against the dollar on Thursday, having rallied after the head of the European Central Bank downplayed the need for further monetary stimulus any time soon. But the common currency's gains against the yen unravelled, as Japanese inv
Published 25 Sep, 2015 12:00am
Mexico peso slumps to record low
Currency

Mexico peso slumps to record low

Mexico's peso tumbled to a record low on Thursday as concerns about global growth weighed on riskier assets around the world. The peso shed more than 1 percent to 17.3165 per dollar, its weakest since the currency was floated in the 1990s, before bouncing
Published 25 Sep, 2015 12:00am
Norwegian crown slumps to 13-year low versus dollar in Europe
Currency

Norwegian crown slumps to 13-year low versus dollar in Europe

The Norwegian crown slumped to a 13-year low against the dollar on Thursday, after the central bank surprisingly cut interest rates to record lows to boost growth in an economy struggling with the falling price of oil, its main export. It shed over 2 perc
Published 25 Sep, 2015 12:00am
Early trade in New York: extends drop against euro
Currency

Early trade in New York: extends drop against euro

The US dollar extended its decline against the euro on Thursday following less dovish than expected comments from the head of the European Central Bank, but remained higher against the Norwegian crown and emerging market currencies. Analysts said the euro
Published 25 Sep, 2015 12:00am
Dollar slips against euro in New York
Currency

Dollar slips against euro in New York

The US dollar fell against the euro on Wednesday after the head of the European Central Bank said the ECB needed more time to assess whether to expand its stimulus program. ECB President Mario Draghi said the bank was ready to act but needed more time to
Published 25 Sep, 2015 12:00am
Rand hits record low

Rand hits record low

South Africa's rand fell more than 1 percent to a record low against the dollar on Thursday, weighed down by nagging concerns over sluggish domestic growth and the impact of slowing growth in China. The rand fell to 14.0300 to the greenback at 1052 GMT, i
Published 25 Sep, 2015 12:00am
Rouble slips as global concerns weigh

Rouble slips as global concerns weigh

The Russian rouble slipped back on Thursday morning, weighed down by negative global risk appetite and diminishing demand for roubles to pay monthly taxes. At 0810 GMT, the rouble was 0.1 percent weaker against the dollar at 66.47 and down 0.3 percent to
Published 25 Sep, 2015 12:00am
Sterling hits 3-1/2-month low
Currency

Sterling hits 3-1/2-month low

Sterling slipped to its weakest in 3-1/2 months against a trade-weighted basket of currencies on Thursday as investors bet the Bank of England would wait until the second half of next year to raise interest rates. The BoE is expected to come second only t
Published 25 Sep, 2015 12:00am
Kiwi rallies after Fonterra, drags Aussie higher

Kiwi rallies after Fonterra, drags Aussie higher

The New Zealand dollar rose on Thursday on a relief rally after giant dairy co-operative Fonterra lifted its milk payout forecast, dragging the Aussie a touch higher. The New Zealand dollar jumped half a cent to $0.6288, pulling away from a one-month low
Published 25 Sep, 2015 12:00am
Canadian dollar weakest since July 2004
Currency

Canadian dollar weakest since July 2004

The Canadian dollar touched its weakest level in more than 11 years against the greenback on Wednesday, following July domestic retail sales figures that fell short of expectations and another plunge in volatile oil prices. New car and clothing sales help
Published 25 Sep, 2015 12:00am
Barca thrashed 4-1 by Celta Vigo, Madrid go top

Barca thrashed 4-1 by Celta Vigo, Madrid go top

Barcelona's 100 percent start to La Liga season was brought to a stunning end as Celta Vigo thrashed the European champions 4-1 on Wednesday. Real Madrid took advantage of Barca's defeat to move a point clear of the Catalans at the top of the table thanks
Published 25 Sep, 2015 12:00am
Liverpool survive League Cup scare, Newcastle out

Liverpool survive League Cup scare, Newcastle out

Liverpool survived an almighty scare in the League Cup by edging fourth-tier Carlisle United on penalties on Wednesday, while Sheffield Wednesday dumped Newcastle United out of the tournament. Carlisle, the lowest-ranked team in the competition, took Live
Published 25 Sep, 2015 12:00am
Australia to host USA in 2016 Davis Cup first round

Australia to host USA in 2016 Davis Cup first round

The United States will travel to Australia as the two most successful nations in Davis Cup history are pitted against each other in the first round of the 2016 World Group play. The Davis Cup draw for next season was held Wednesday in Santiago, and Austra
Published 25 Sep, 2015 12:00am
Ivanovic launches Pan Pacific defence campaign

Ivanovic launches Pan Pacific defence campaign

Defending champion Ana Ivanovic survived a brave challenge from Italian Camila Giorgi on Thursday at the Pan Pacific Open, managing a tough 7-5, 6-2 victory. The victory put the Serb second seed in a quarter-final against Dominika Cibulkova in a rematch o
Published 25 Sep, 2015 12:00am
Back injury rules Cummins out of Bangladesh tour

Back injury rules Cummins out of Bangladesh tour

Fast bowler Pat Cummins has been ruled out of the upcoming tour of Bangladesh due to a stress fracture in his back, the second of his young career, Cricket Australia said Thursday. All-rounder James Faulkner will replace Cummins, who suffered lower back p
Published 25 Sep, 2015 12:00am
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