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Print - 2015-10-11
Indonesia rupiah 'far too undervalued'
Currency

Indonesia rupiah 'far too undervalued'

A recent rebound in Indonesia's rupiah currency is due to global factors as well as domestic policy measures, the deputy governor of the central bank told Reuters on Tuesday. Growing expectations that the US Federal Reserves would hold off from raising it
Published 11 Oct, 2015 12:00am
Works on Metro Train project begins: Shahbaz

Works on Metro Train project begins: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that under the guidance of Prime Minister Muhammad Nawaz Sharif, special attention is being paid to the timely completion of public welfare projects. He said that the construction work of Lahore Orang
Published 11 Oct, 2015 12:00am
Minister inaugurates trauma centre

Minister inaugurates trauma centre

Punjab Minister for Food Bilal Yasin inaugurated trauma center being set up in District Headquarters Mian Munshi Hospital Lahore at a cost of Rs 32.594 million. The Minister was informed on this occasion that construction work of trauma center will be com
Published 11 Oct, 2015 12:00am
NA-122 by-election: All-Sects Ulema Board backs PTI

NA-122 by-election: All-Sects Ulema Board backs PTI

More then two hundred Ulemas belonging to different sects have announced their support for Pakistan Tehreek-e-Insaf candidates in the by-election scheduled for Sunday. A delegation of ulema led by All-Sects Ulema Board senior vice-chairman Allama Muhammad
Published 11 Oct, 2015 12:00am
Days of PTI numbered: Zaeem

Days of PTI numbered: Zaeem

Member Punjab Assembly Syed Zaeem Hussain Qadri has said that days of PTI are numbered. He said that the manifesto of Tehreek-e-Insaf is based upon allegations, lies and clashes. He said that PML-N would win on October 11 while PTI will be defeated. Comme
Published 11 Oct, 2015 12:00am
CIMA launches updated Certificate in Business Accounting

CIMA launches updated Certificate in Business Accounting

The Chartered Institute of Management Accountants (CIMA) has launched an updated CIMA Certificate in Business Accounting (Cert BA). Assessments under the updated syllabus will commence in January 2017. The update consolidates the five subjects of the exis
Published 11 Oct, 2015 12:00am
Menace of child marriages in KP remains unabated

Menace of child marriages in KP remains unabated

Under-age marriages in Khyber Pakhtunkhwa (KP) continue to annihilate minor girls' lives after the responsibility for legislation was given to provincial governments under 18th Amendment. Pakistan Tehreek-e-Insaf (PTI) government has failed to put forth a
Published 11 Oct, 2015 12:00am
WAF to launch movement against 'honour' killings in Sindh

WAF to launch movement against 'honour' killings in Sindh

Women Action Forum (WAF) vows to launch the movement against killing of innocent women in the name of honour and who marry at her freewill without consent of their parents and relatives in Sindh province. Representatives of WAF said this while addressing
Published 11 Oct, 2015 12:00am
Crime rate on the rise in Capital despite tall claims

Crime rate on the rise in Capital despite tall claims

Over 12 cases of armed robberies, burglaries and auto theft, cost the residents of the federal capital eight vehicles including bikes besides million of rupees in cash during the last week. According to data gathered by Business Recorder, the cases
Published 11 Oct, 2015 12:00am
Muharram terror plot foiled: Commander among five killed

Muharram terror plot foiled: Commander among five killed

A major terror plot ahead of Muharram was foiled on Saturday morning when at least five suspected terrorists including Kala Qari, a banned organisation's commander, were killed during clash with the counter-terrorism force in Sheikhupura district. Accordi
Published 11 Oct, 2015 12:00am
Saudi Arabia always supports Pakistan: Shahbaz

Saudi Arabia always supports Pakistan: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Saudi Arabia is a great friend of Pakistan, which has always supported Pakistan in every hour of trial. He said that people of both the countries have deep affiliation with each other and Pakista
Published 11 Oct, 2015 12:00am
Power sector losses constitute threat to economy: PBIF chief

Power sector losses constitute threat to economy: PBIF chief

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain has expressed concern that the income of an average Pakistani has not increased since 2011, while the tariff of electricity has been increased manifold which is a threat to p
Published 11 Oct, 2015 12:00am
Pakistan EEZ excluded: CGPCS announces new revised limits of piracy HRA

Pakistan EEZ excluded: CGPCS announces new revised limits of piracy HRA

Contact Group on Piracy off the Coast of Somalia (CGPCS) has announced that new revised limits of the piracy High Risk Area (HRA) have been declared by the shipping industry which will be effective from December 01, 2015. The move has come about after a l
Published 11 Oct, 2015 12:00am
Pakistan EEZ excluded: CGPCS announces new revised limits of piracy HRA

Pakistan EEZ excluded: CGPCS announces new revised limits of piracy HRA

Contact Group on Piracy off the Coast of Somalia (CGPCS) has announced that new revised limits of the piracy High Risk Area (HRA) have been declared by the shipping industry which will be effective from December 01, 2015. The move has come about after a l
Published 11 Oct, 2015 12:00am
USAID-sponsored training for MoC officers ends

USAID-sponsored training for MoC officers ends

Ministry of Commerce (MoC) in collaboration with USAID Pakistan arranged a sophisticated training to develop the capacity of the Ministry officials in terms of learning best practices when negotiating treaties, trade access and trade policy. By identifyin
Published 11 Oct, 2015 12:00am
Lyari gang-war: Key suspect nabbed in Gwadar

Lyari gang-war: Key suspect nabbed in Gwadar

A key suspect of Lyari gang-war was nabbed during Frontier Corps (FC) and intelligence agencies joint search operation in Gwadar on Saturday. According to FC spokesman, the detained suspect was involved in heinous crimes and extortion. Moreover, investiga
Published 11 Oct, 2015 12:00am
Enemies of Pakistan destabilising Balochistan: Chaudhry Nisar

Enemies of Pakistan destabilising Balochistan: Chaudhry Nisar

Federal Interior Minister, Chaudhry Nisar Ali Khan Saturday said the enemies of Pakistan were behind the terrorist activities in Balochistan and world was eying on natural resources of province. Addressing the passing-out ceremony of the 57th batch of Fro
Published 11 Oct, 2015 12:00am
International Day Against Death Penalty: HRCP takes out protest rally

International Day Against Death Penalty: HRCP takes out protest rally

The Human Rights Commission of Pakistan (HRCP) Hyderabad Chapter took out the protest rally on Saturday to mark World Day against the Death Penalty. The rally was taken out from Radio Pakistan Hyderabad which ended at Hyderabad Press Club where a large nu
Published 11 Oct, 2015 12:00am
Zardari, Bilawal condemn killing of PPP candidate in Okara

Zardari, Bilawal condemn killing of PPP candidate in Okara

Former President and Co-Chairman Pakistan Peoples' Party Asif Ali Zardari has condemned the targeted assassination of Malik Muhammad Aslam Channa, PPP candidate for the chairmanship of Union Council and membership of district council in Dibalpur Tehsil of
Published 11 Oct, 2015 12:00am
Mina stampede: five more Pakistanis identified, laid to rest in Makkah

Mina stampede: five more Pakistanis identified, laid to rest in Makkah

Five more Pakistani nationals including three women who were martyred during stampede in Mina on occasion of 'Jamrat' were identified and laid to rest here on Saturday. The newly identified martyred Hujjaj included Shah Waliullah of Mohmand Agency, Salawa
Published 11 Oct, 2015 12:00am
Anti-polio campaign begins in KP

Anti-polio campaign begins in KP

A three-day polio immunisation drive kicked off in Khyber Pakhtunkhwa (KP) province on Saturday amid tight security. A total of 3,287,429 children under the age of five years will be administered polio drops in 13 districts of the province during the immu
Published 11 Oct, 2015 12:00am
Visitors throng Pakistan gems, mineral show

Visitors throng Pakistan gems, mineral show

The Gems and Mineral Show organized under the auspices of Gemmological Association of Pakistan (GAP) is attracting a large number of visitors including foreign buyers. The show having more than 100 stalls of different precious and semi-precious stones was
Published 11 Oct, 2015 12:00am
'Go Nawaz Go' slogan appears on Met Office's website

'Go Nawaz Go' slogan appears on Met Office's website

A banner inscribed with the slogan of "Go Nawaz Go" appeared on the official website of the Met Office on Saturday, but its officials seemed to have been unaware of it. As the cyber attack blocked a key section of Met office's website that provides adviso
Published 11 Oct, 2015 12:00am
Killing of President: PP-188 is a political murder: Wattoo

Killing of President: PP-188 is a political murder: Wattoo

Pakistan Peoples' Party (PPP) Punjab Manzoor Ahmed Wattoo has said the killing of President of the PP-188 in Okara Milk Aslam Channa and two others was a political murder. The local chapter of the ruling Party has eliminated the deceased as a result of de
Published 11 Oct, 2015 12:00am
No load shedding on polling day

No load shedding on polling day

Lahore Electric Supply Company (LESCO) has on Saturday announced that there will be no load shedding in Lahore's NA-122 on Election Day October 11, from 8 in the morning till 12 midnight. According to LESCO officials, the decision has been taken in order
Published 11 Oct, 2015 12:00am
IJT activists accused of beating up ICS students

IJT activists accused of beating up ICS students

Islami Jammiat Tulaba (IJT) activists were accused of thrashing and abducting three students of Institute of Communication Studies evening class (Development journalism) when they were waiting for a university bus along with female class fellows outside t
Published 11 Oct, 2015 12:00am
KP chief minister shows flexibility on Kalabagh Dam issue

KP chief minister shows flexibility on Kalabagh Dam issue

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said his province will have no objection over the construction of Kalabagh dam if its reservations are addressed. Speaking at a news conference here on Saturday, Pervez Khattak called for formation of a
Published 11 Oct, 2015 12:00am
Two bodies found in Quetta

Two bodies found in Quetta

Bullet riddled bodies of two persons including a woman were recovered here on Saturday. Rescue sources said that local spotted presence of two dead bodies in Kaley Sarda locality at Sariyab Road in the provincial capital Quetta. The bullet riddled bodies
Published 11 Oct, 2015 12:00am
Amir Khan's case: hearing adjourned till October 30

Amir Khan's case: hearing adjourned till October 30

An Anti-Terrorism Court (ATC) on Saturday adjourned the hearing of Muttahida Qaumi Movement (MQM) leader Amir Khan's case till October 30. The hearing was deferred due to non-availability of judge. While talking to media outside the court room, Amir Khan
Published 11 Oct, 2015 12:00am
Muslims facing destruction due to lack of knowledge: PU vice chancellor

Muslims facing destruction due to lack of knowledge: PU vice chancellor

Punjab University Vice Chancellor, Professor Dr Mujahid Kamran has said that genocide of the Muslims is going on and they were facing destruction only because of lack of knowledge. He said that conspiracies were being made to divide Afghanistan, Iraq, Syr
Published 11 Oct, 2015 12:00am
Prices of almost all kitchen items rise

Prices of almost all kitchen items rise

The prices of almost all essential kitchen items witnessed a rising trend during past week as compared to the prices of the preceding week, according to survey conducted by Business Recorder on Saturday. The survey indicated that the prices of a nu
Published 11 Oct, 2015 12:00am
Comprehensive mental health action plan prepared

Comprehensive mental health action plan prepared

On the instructions of Chief Minister Muhammad Shahbaz Sharif, health department has prepared a comprehensive 'Mental Health Action Plan' on which Rs 200 million would be spent. Director General Health Punjab Dr Zahid Pervaiz said here Saturday said that
Published 11 Oct, 2015 12:00am
LHC CJ to inaugurate Judicial Complex tomorrow

LHC CJ to inaugurate Judicial Complex tomorrow

Lahore High Court Chief Justice Manzoor Ahmad Malik will inaugurate the newly constructed Judicial Complex on October 12. The judges of the high court and lower courts, law officers, senior court officials and Bar members will attend the ceremony. All cen
Published 11 Oct, 2015 12:00am
Fishing & peasant families celebrate World Food Day

Fishing & peasant families celebrate World Food Day

A large number of community women from fishing and peasant families participated in a rally to celebrate World Food Day on Saturday, in Hyderabad city. The rally was a part of week-long activities, announced by Pakistan Fisherfolk Forum (PFF) for celebrat
Published 11 Oct, 2015 12:00am
Geelani accepts Nawaz's invitation for visit

Geelani accepts Nawaz's invitation for visit

Pakistan Prime Minister Nawaz Sharif sent a written letter to Chairman All Parties Hurriyat Conference Syed Ali Geelani through Pakistan High Commissioner Abdul Basit, in which he had formally invited Geelani to Pakistan. While promising full support to t
Published 11 Oct, 2015 12:00am
Root braced for spin and sun challenge against Pakistan

Root braced for spin and sun challenge against Pakistan

England batsman Joe Root insisted Saturday that his side can cope with the twin challenge of Pakistan spin and the searing heat of the Gulf in their three-Test series. As underdogs, England regained the Ashes at home two months ago but now face a daunting
Published 11 Oct, 2015 12:00am
Platini confirms appeal, French ready for court move

Platini confirms appeal, French ready for court move

Suspended UEFA president Michel Platini lodged an appeal with FIFA against his 90-day ban from the game on Saturday while French soccer's governing body said it would back him if he went to the Court of Arbitration for Sport (CAS). The Frenchman, who hope
Published 11 Oct, 2015 12:00am
Nadal to face Djokovic in Beijing final

Nadal to face Djokovic in Beijing final

Rafa Nadal will take on world number one Novak Djokovic in the China Open final after the multiple grand slam champions bludgeoned their way to straight-sets wins on Saturday. Nadal extracted a modicum of revenge on new Italian foe Fabio Fognini with a 7-
Published 11 Oct, 2015 12:00am
Inter-School girls tournament begins

Inter-School girls tournament begins

Amidst fireworks and beautiful displays of athleticism from gymnasts and aspiring young yogis, the 3rd Inter-School All-Girls sports tournament was inaugurated today at the Dawood Public School (DPS). Following the launch, over 450 students from 22 leadin
Published 11 Oct, 2015 12:00am
Rosberg again denies Hamilton his 50th pole

Rosberg again denies Hamilton his 50th pole

Nico Rosberg seized pole position for the Russian Formula One Grand Prix on Saturday with world champion Lewis Hamilton joining his team mate on the front row in a perfect qualifying for Mercedes. The pole was Rosberg's third of the season with championsh
Published 11 Oct, 2015 12:00am
Pressure on Dhoni as Proteas gear for India ODIs

Pressure on Dhoni as Proteas gear for India ODIs

South Africa hope to build on their Twenty20 success in India by winning the one-day series starting Sunday as rival skipper Mahendra Singh Dhoni prepared to douse the fire around him. The Proteas made a solid start to their 10-week Indian tour by winning
Published 11 Oct, 2015 12:00am
Salman and Asif set to feature in first-class tournament

Salman and Asif set to feature in first-class tournament

A major Pakistani team Saturday confirmed they had signed Salman Butt and paceman Mohammad Asif, who were last month relieved of sanctions over spot fixing. Former champions Water and Power Development Authority (WAPDA) said Butt and Asif will feature in
Published 11 Oct, 2015 12:00am
Spain, Switzerland storm into Euro 2016 finals

Spain, Switzerland storm into Euro 2016 finals

Spain and Switzerland racked up 11 goals between them to qualify for Euro 2016 on Friday as England maintained their 100 percent record. Champions in 2008 and 2012, Spain beat Luxembourg 4-0 in Group C thanks to a brace each from Arsenal playmaker Santi C
Published 11 Oct, 2015 12:00am
Emerging Asia FX to fall further on dollar rally, China fears
Currency

Emerging Asia FX to fall further on dollar rally, China fears

Emerging Asian currencies are expected to fall further over the coming year as a regional economic slowdown, led by China, and prospects of higher interest rates in the US propel the dollar higher, a Reuters poll showed. Asian currencies have weathered th
Published 11 Oct, 2015 12:00am
Yuan overtakes yen in global payment rankings
Currency

Yuan overtakes yen in global payment rankings

China's yuan has overtaken the Japanese yen and moved into fourth place among the world's payments currencies, global transactions organisation SWIFT said Tuesday, as Beijing pushes greater international use of its currency. The yuan - also known as the r
Published 11 Oct, 2015 12:00am
Colombian peso depreciation to slow in coming months
Currency

Colombian peso depreciation to slow in coming months

The Colombian peso's rate of depreciation will slow in the coming months, amid expectations that an interest rate hike in the United States will be delayed and the fall in oil prices will reach a bottom, a Reuters poll showed on Wednesday. According to an
Published 11 Oct, 2015 12:00am
Zloty seen firming more than four percent versus euro in next 12 months

Zloty seen firming more than four percent versus euro in next 12 months

The zloty, buoyed by Poland's steady economic growth, is expected to gain more than 4 percent against the euro in the next 12 months, well outperforming Central European peers. According to an October 5-7 Reuters poll of 30 analysts, the zloty could firm
Published 11 Oct, 2015 12:00am
Speculators reduce US dollar longs
Currency

Speculators reduce US dollar longs

Speculators pared back bullish bets on the US dollar in the latest week, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position slipped to $20.89 billion in
Published 11 Oct, 2015 12:00am
Canadian dollar touches 2-1/2 months high
Currency

Canadian dollar touches 2-1/2 months high

The Canadian dollar rallied against its US counterpart on Friday, at one point touching its strongest level since late July, as investors took on more risk, relieved by indications of a more dovish US Federal Reserve. The currency surged to a session high
Published 11 Oct, 2015 12:00am
Euro holds the line as ECB easing bets offset by grounded Fed
Currency

Euro holds the line as ECB easing bets offset by grounded Fed

Revisions to the expected timetable for a US interest rate rise after disappointing jobs data have undermined bets that the euro will plunge against the dollar as monetary policies in the euro zone and the United States diverge. Expectations the central b
Published 11 Oct, 2015 12:00am
Tanzania's economic growth slows to 7.9 percent

Tanzania's economic growth slows to 7.9 percent

Tanzania's economic growth slowed in the second quarter compared with the same period a year ago, hit by slowdowns in the manufacturing, construction, transport and communications sectors, data showed on Saturday. The economy grew 7.9 percent in the April
Published 11 Oct, 2015 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Steadier trend was again witnessed on the money market on Saturday, as the rupee showed no change in terms of the dollar in the process of trading, dealers said. The rupee depicted no variation in relation to the dollar for buying and selling at Rs 104.40
Published 11 Oct, 2015 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Steadier trend was again witnessed on the money market on Saturday, as the rupee showed no change in terms of the dollar in the process of trading, dealers said. The rupee depicted no variation in relation to the dollar for buying and selling at Rs 104.40
Published 11 Oct, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 10, 2015).

Published 11 Oct, 2015 12:00am
Syria seeks to buy wheat

Syria seeks to buy wheat

Syria's state grains agency has issued an international tender to purchase and import 200,000 tonnes of soft wheat for bread making, European traders said on Thursday. The tender deadline is October 19, traders said. Traders said in September they believe
Published 11 Oct, 2015 12:00am
Rice prices up in Vietnam, Thailand on Indonesian demand

Rice prices up in Vietnam, Thailand on Indonesian demand

Vietnamese rice prices rose around 3 percent to an 11-week high following news of a major deal with Indonesia, while prices in Thailand also edged up as the market monitored Indonesian import demand, traders said on Wednesday. Vietnam, the world's third-l
Published 11 Oct, 2015 12:00am
US FOB Gulf corn premiums lower on weak demand

US FOB Gulf corn premiums lower on weak demand

Corn export premiums at the US Gulf Coast were flat to lower on Thursday, weighed down by weak export demand and rising supplies of newly harvested grain, traders said. Stiff competition from low-cost South American corn is limiting demand for US supplies
Published 11 Oct, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The December contract was sharply higher on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The December vaida closed at Rs 1309.90 and the next day it opened with a gain of 40 to Rs 1310.30 in the early session
Published 11 Oct, 2015 12:00am
Cotton market: spot rate extends overnight gains on strong buying
Cotton

Cotton market: spot rate extends overnight gains on strong buying

Official spot rate extended overnight gains on the cotton market on Saturday as mills and spinners continued buying following the fears of short supply of crop in the coming days, dealers said. The official spot rate was higher by up by Rs 50 to Rs 5250,
Published 11 Oct, 2015 12:00am
US Midwest corn, soyabean bids steady

US Midwest corn, soyabean bids steady

Spot basis bids for corn and soyabeans held steady at most elevators and processors around the US Midwest on Thursday but the cash market had a weak tone in areas west of the Mississippi River. Dry weather in the West allowed farmers to speed up their pac
Published 11 Oct, 2015 12:00am
Saudi Arabia tenders to buy 715,000 tonnes of hard wheat

Saudi Arabia tenders to buy 715,000 tonnes of hard wheat

Saudi Arabia's state wheat-buying agency, the Grain Silos and Flour Mills Organisation (GSFMO), said on Thursday it had issued an international tender to purchase 715,000 tonnes of hard wheat. The tender deadline is Friday, October 9 with shipment sought
Published 11 Oct, 2015 12:00am
Bangladesh tea prices higher

Bangladesh tea prices higher

Tea prices in Bangladesh rose for a fourth straight session at the weekly auction on Tuesday, on strong demand for quality leaf despite higher volume on offer. Bangladeshi tea fetched an average 190.56 taka ($2.4) per kg at the twenty-first auction of the
Published 11 Oct, 2015 12:00am
Modest business on grain market
Cotton

Modest business on grain market

Modest business was seen on the local grain market on Saturday due to less buying interest among buyers, dealers said. On the cereals side, Gur prices picked up by Rs 300 to Rs 8000 and Rs 8500, other commodities managed to hold overnight levels, they sai
Published 11 Oct, 2015 12:00am
Palm oil mostly firmer on European vegoils market
Vegetable Oil

Palm oil mostly firmer on European vegoils market

Palm oil on the European vegetable oils market was mostly firmer on Wednesday on a stronger ringgit, which underpins prices quoted in other currencies. "A strong ringgit supported prices on the European cash market, while the same rise caused Malaysian pa
Published 11 Oct, 2015 12:00am
Freight rates for capesize face mixed prospects next week

Freight rates for capesize face mixed prospects next week

Freight rates for capesize bulk carriers face mixed prospects next week as uncertain cargo demand from China after the Golden Week holiday potentially weighs on freight rates, while tighter tonnage supply could arrest the current decline in rates, ship br
Published 11 Oct, 2015 12:00am
Indian soyaoil, sugar fall on profit-booking

Indian soyaoil, sugar fall on profit-booking

Indian soyabean hit a four-month high as expectations of low crop output continued to boost futures prices while soyaoil and sugar fell as investors booked profits. The most active November soyabean futures on the National Commodity and Derivatives Exchan
Published 11 Oct, 2015 12:00am
CBOT wheat ends lower on technical selling

CBOT wheat ends lower on technical selling

Wheat futures on the Chicago Board of Trade fell Thursday on technical selling and position-squaring one day ahead of monthly supply/demand reports due from the US Department of Agriculture, traders said. Analysts expect the USDA on Friday to lower its fo
Published 11 Oct, 2015 12:00am
Russia may buy up to 1.5 million tonnes of grain for state stocks

Russia may buy up to 1.5 million tonnes of grain for state stocks

Russia's Agriculture Ministry will boost grain purchases for state stocks as soon as its higher prices are approved and may buy up to 1.5 million tonnes on the domestic market by January, said Andrey Sizov, head of agriculture consultancy SovEcon. The min
Published 11 Oct, 2015 12:00am
Asian naphtha extends losses for second day

Asian naphtha extends losses for second day

Asia's naphtha crack extended losses for the second day on Thursday to reach a three-session low of $91.08 a tonne on higher supplies from the West. After two months of lower-than-average volumes arriving in the East in September and October, Europe is ex
Published 11 Oct, 2015 12:00am
Asian coffee premiums widen in Vietnam, Indonesia
Currency

Asian coffee premiums widen in Vietnam, Indonesia

Coffee trade in Vietnam, the world's top robusta producer, was moderate this week at the start of the new 2015/2016 season, while Indonesian traders said the recent strengthening of the rupiah had squeezed profits amid light buying. Coffee prices turned l
Published 11 Oct, 2015 12:00am
Chinese iron ore futures climb nearly two percent

Chinese iron ore futures climb nearly two percent

Iron ore futures in China climbed nearly 2 percent on Thursday with steel mills looking to replenish inventories of the raw material after a week-long National Day break. However, gains could be short-lived, traders and analysts warned, as a weak steel ma
Published 11 Oct, 2015 12:00am
West European wheat prices little changed

West European wheat prices little changed

West European wheat prices were little changed on Thursday, with Paris futures consolidating near a seven-week high, as the market awaited fresh direction from US government crop data. Trading also reflected a cautious mood across markets as investors bra
Published 11 Oct, 2015 12:00am
Basel regulators make U-turn on banks' use of credit rating agencies

Basel regulators make U-turn on banks' use of credit rating agencies

Global banking regulators have decided to allow lenders to keep using credit rating agencies to help them determine how much capital they need to hold to cover the risks of borrowers getting into trouble, a top central banker said on Friday. Stefan Ingves
Published 11 Oct, 2015 12:00am
Draghi urges Greece to stick to bailout for bank recap, debt relief

Draghi urges Greece to stick to bailout for bank recap, debt relief

European Central Bank Governor Mario Draghi urged Greece on Saturday to stick to its latest bailout to pave the way for bank recapitalization and talks on debt relief. In an interview with Sunday's edition of Kathimerini newspaper, Draghi said the second
Published 11 Oct, 2015 12:00am
Strong market debuts in Hong Kong augur well for big upcoming IPOs

Strong market debuts in Hong Kong augur well for big upcoming IPOs

Shares in the Chinese unit of IMAX Corp and the world's biggest manufacturer of bras surged in their Hong Kong trading debuts on Thursday, a sign of reviving market confidence that bodes well for upcoming larger IPOs. After taking a beating in the latest
Published 11 Oct, 2015 12:00am
Kazakh central bank says aims to smooth tenge volatility

Kazakh central bank says aims to smooth tenge volatility

Kazakhstan's central bank sees the current tenge exchange rate as adequate given oil prices and other external factors, but will keep intervening on the market to avoid excessive volatility, its chairman said on Monday. The tenge's weighted average rate o
Published 11 Oct, 2015 12:00am
Germany's Schaeffler cuts IPO size, pricing on VW fallout

Germany's Schaeffler cuts IPO size, pricing on VW fallout

German automotive parts maker Schaeffler sharply reduced the size of its planned initial public offering (IPO) on Monday, after delaying it last week in the wake of the Volkswagen emissions scandal and volatile markets. VW accounts for more than 10 percen
Published 11 Oct, 2015 12:00am
Germany's Schaeffler cuts IPO size, pricing on VW fallout

Germany's Schaeffler cuts IPO size, pricing on VW fallout

German automotive parts maker Schaeffler sharply reduced the size of its planned initial public offering (IPO) on Monday, after delaying it last week in the wake of the Volkswagen emissions scandal and volatile markets. VW accounts for more than 10 percen
Published 11 Oct, 2015 12:00am
Ferrari valued at up to $9.8 billion in US IPO

Ferrari valued at up to $9.8 billion in US IPO

Italian luxury carmaker Ferrari expects its US initial public offering to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion, it said. Parent Fiat Chrysler Automobiles (FCA) will sell up to 10 percen
Published 11 Oct, 2015 12:00am
Ferrari valued at up to $9.8 billion in US IPO

Ferrari valued at up to $9.8 billion in US IPO

Italian luxury carmaker Ferrari expects its US initial public offering to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion, it said. Parent Fiat Chrysler Automobiles (FCA) will sell up to 10 percen
Published 11 Oct, 2015 12:00am
China exchanges eye increased monitoring of automated trading

China exchanges eye increased monitoring of automated trading

China on Friday issued draft regulations governing automated stock trading on three exchanges, including the adoption of a net daily purchase quota for some securities, in an effort to prevent a repeat of the turmoil that roiled markets this summer.
Published 11 Oct, 2015 12:00am
TSX rally ends as energy stocks slip

TSX rally ends as energy stocks slip

A five-day winning streak for Canada's main stock index ended on Friday, but only just, as energy shares pulled back from a recent rally while mining stocks pushed higher on rising bullion prices. The Toronto Stock Exchange's S&P/TSX composite index fell
Published 11 Oct, 2015 12:00am
Treasuries outlook: longer-dated US bonds rise on 2015 rate-hike view

Treasuries outlook: longer-dated US bonds rise on 2015 rate-hike view

Prices on longer-dated US Treasuries rose on Friday in light, choppy trading, as several Federal Reserve officials hinted that an interest rate increase later this year remains possible even after the soft September payrolls report. Comments from New York
Published 11 Oct, 2015 12:00am
Treasuries outlook: longer-dated US bonds rise on 2015 rate-hike view

Treasuries outlook: longer-dated US bonds rise on 2015 rate-hike view

Prices on longer-dated US Treasuries rose on Friday in light, choppy trading, as several Federal Reserve officials hinted that an interest rate increase later this year remains possible even after the soft September payrolls report. Comments from New York
Published 11 Oct, 2015 12:00am
IPO of Norway's Skandiabanken seen within a month

IPO of Norway's Skandiabanken seen within a month

The Norwegian business of Skandiabanken is likely to list shares on the Oslo Stock Exchange within a month and will use some of the proceeds to help finance further growth and secure dividend capacity, its chief executive said on Tuesday. Skandiabanken wa
Published 11 Oct, 2015 12:00am
Wall Street little changed in choppy trading; financials weigh

Wall Street little changed in choppy trading; financials weigh

Wall Street was little changed in choppy trading on Friday as investor optimism due to fading chances of an interest rate hike this year was offset by a fall in energy and financial stocks. Minutes from the Federal Reserve's September meeting showed polic
Published 11 Oct, 2015 12:00am
European stocks to rally but unlikely to regain 2015 peaks

European stocks to rally but unlikely to regain 2015 peaks

European stock markets will rise from now until the end of 2015 although will remain below peak levels reached earlier in the year, according to a Reuters poll in which analysts slashed forecasts from just three months ago. The Reuters poll of around 30 t
Published 11 Oct, 2015 12:00am
J.P Morgan again wins dismissal of whistleblower lawsuit in US

J.P Morgan again wins dismissal of whistleblower lawsuit in US

J.P. Morgan Chase & Co on Friday won the dismissal of a US whistleblower lawsuit filed by a former vice president who claimed the bank ignored red flags about a client's potential fraud, even after authorities exposed the massive Ponzi scheme operated by
Published 11 Oct, 2015 12:00am
Development banks pledge $15 billion in new climate funds

Development banks pledge $15 billion in new climate funds

Development banks including the World Bank have pledged an additional $15 billion a year by 2020 to fight climate change, taking the world closer to the clutch target of $100 billion, officials said Friday. Just two months before key UN climate talks in P
Published 11 Oct, 2015 12:00am
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