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Print - 2015-11-10
Message from Chairman, Pakistan-Japan Business Forum

Message from Chairman, Pakistan-Japan Business Forum

The 7th Joint Dialogue of business persons represented by Pakistan Japan Business Forum (PJBF) and Japan Pakistan Business Co-ordinating Committee (JPBCC) is being held in Islamabad on 10 November 2015 in conjunction with 5thG2G/B dialogue the same day.
Published 10 Nov, 2015 12:00am
Import of finished items: steel industry seeks increase in RD and ST

Import of finished items: steel industry seeks increase in RD and ST

The domestic steel industry is seeking increase in regulatory duty and sales tax on the import of finished steel products for creating a level playing field. "Regulatory duty on finished steel products must be increased to at least 30 percent from 15 perc
Published 10 Nov, 2015 12:00am
Import of finished items: steel industry seeks increase in RD and ST

Import of finished items: steel industry seeks increase in RD and ST

The domestic steel industry is seeking increase in regulatory duty and sales tax on the import of finished steel products for creating a level playing field. "Regulatory duty on finished steel products must be increased to at least 30 percent from 15 perc
Published 10 Nov, 2015 12:00am
Message from Ambassador of Pakistan

Message from Ambassador of Pakistan

Whilst Pakistan and Japan enjoy a decades old relationship, it is imperative to make it relevant in the rapidly evolving 21st Century. Accordingly JGBD is an important mechanism for reiterating the potential of the Pakistan-Japan trade and business dynami
Published 10 Nov, 2015 12:00am
OECD shaves global growth forecast, sounds alarm on trade

OECD shaves global growth forecast, sounds alarm on trade

The OECD cut Monday its global growth forecasts, sounding the alarm on stagnating trade, which has in the past been the canary in the cage for a global recession. Nevertheless, thanks to stimulus measures taken by China and other countries, the Organisati
Published 10 Nov, 2015 12:00am
Message from Ambassador of Japan
Cotton

Message from Ambassador of Japan

The 7th Pakistan Japan Business Dialogue and the 5th Pakistan Japan Government Business Joint Dialogue will be held in Islamabad, Pakistan on 10th November. From Japan, Mr Tsuneo Kitamura, Parliamentary Vice-Minister of Economy, Trade and Industry, Mr Ter
Published 10 Nov, 2015 12:00am
OECD shaves global growth forecast, sounds alarm on trade

OECD shaves global growth forecast, sounds alarm on trade

The OECD cut Monday its global growth forecasts, sounding the alarm on stagnating trade, which has in the past been the canary in the cage for a global recession. Nevertheless, thanks to stimulus measures taken by China and other countries, the Organisati
Published 10 Nov, 2015 12:00am
China's gold reserves likely to rise by 14 tonnes in October
Currency

China's gold reserves likely to rise by 14 tonnes in October

China likely added about 14 tonnes of gold to its reserves in October, according to Reuters calculations from central bank data on Saturday. The value of China's gold reserves stood at $63.261 billion at the end of October, compared with $61.189 billion a
Published 10 Nov, 2015 12:00am
OECD shaves global growth forecast, sounds alarm on trade

OECD shaves global growth forecast, sounds alarm on trade

The OECD cut Monday its global growth forecasts, sounding the alarm on stagnating trade, which has in the past been the canary in the cage for a global recession. Nevertheless, thanks to stimulus measures taken by China and other countries, the Organisati
Published 10 Nov, 2015 12:00am
US FOB Gulf soyabean premiums ease on slow export demand

US FOB Gulf soyabean premiums ease on slow export demand

Export premiums for soyabeans shipped from the US Gulf Coast eased on Friday amid a slowdown in export demand, while corn and wheat export premiums were mostly flat, traders said. The pace of soyabean buying by top importer China has slowed as the stockpi
Published 10 Nov, 2015 12:00am
Paris wheat futures rise to near three-month high
Currency

Paris wheat futures rise to near three-month high

Paris wheat futures rose to their highest in almost three months on Friday, buoyed by a further slide in the euro against the dollar, although traders cautioned that the currency move was yet to boost lagging EU exports. December milling wheat, the new-cr
Published 10 Nov, 2015 12:00am
Seed cotton prices slip further on falling demand
Cotton

Seed cotton prices slip further on falling demand

Seed cotton (Phutti) prices came down on the cotton market on Monday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 5300, dealers said. In Sindh, seed cotton prices were down by Rs 100 to Rs 2400 and Rs 2800 and
Published 10 Nov, 2015 12:00am
Canadian canola rises

Canadian canola rises

ICE Canadian canola rose on Friday, registering a weekly gain, on support from a low Canadian dollar and possible fund buying. Spillover support from stronger US soyoil prices, and slow selling by Canadian farmers also lifted canola, a trader said. Most-a
Published 10 Nov, 2015 12:00am
Prime Minister, CoAS, others review NAP

Prime Minister, CoAS, others review NAP

Prime Minister Nawaz Sharif Monday chaired a meeting on security at the PM's Office. Different stages of National Action Plan were reviewed. The meeting was attended by CoAS General Raheel Sharif, Federal Minister for Finance Ishaq Dar, Federal Minister f
Published 10 Nov, 2015 12:00am
Palm oil prices little changed on European vegoils market

Palm oil prices little changed on European vegoils market

Palm oil prices were little changed on the European vegoils oils market on Friday with the market stabilising after a volatile week's trading. Dealers said a stronger dollar could have weighed on asking prices but sellers opted not to cut offers with cond
Published 10 Nov, 2015 12:00am
Prime Minister, CoAS, others review NAP

Prime Minister, CoAS, others review NAP

Prime Minister Nawaz Sharif Monday chaired a meeting on security at the PM's Office. Different stages of National Action Plan were reviewed. The meeting was attended by CoAS General Raheel Sharif, Federal Minister for Finance Ishaq Dar, Federal Minister f
Published 10 Nov, 2015 12:00am
Indian oilseeds fall on oilmeal export data
Vegetable Oil

Indian oilseeds fall on oilmeal export data

Indian oilseeds ended in the red on Friday after trade data showed a slump in oilmeal exports. India's exports of oilmeal plunged a record 94.3 percent in October from a year ago, as higher prices prompted key Asian buyers to switch to South American riva
Published 10 Nov, 2015 12:00am
ICC chief Srinivasan toppled as BCCI pulls support

ICC chief Srinivasan toppled as BCCI pulls support

Narayanaswami Srinivasan was removed as International Cricket Council chairman on Monday after his home board announced it was withdrawing its support, following corruption scandals embroiling the sport in India. Srinivasan will be replaced as head of the
Published 10 Nov, 2015 12:00am
Lean business on grain market
Cotton

Lean business on grain market

A few changes were seen on the wholesale grain market on Monday due to lack of buying interest, dealer said. On the rice side, Irri-6 Sindh low type was up by Rs 20 to Rs 2970 and the best quality rose by Rs 10 to Rs 2810, other types maintained overnight
Published 10 Nov, 2015 12:00am
ICC chief Srinivasan toppled as BCCI pulls support

ICC chief Srinivasan toppled as BCCI pulls support

Narayanaswami Srinivasan was removed as International Cricket Council chairman on Monday after his home board announced it was withdrawing its support, following corruption scandals embroiling the sport in India. Srinivasan will be replaced as head of the
Published 10 Nov, 2015 12:00am
Asian naphtha intermonth spread highest

Asian naphtha intermonth spread highest

Asia's naphtha second-half December price spread was $4.50 a tonne than the following month's value, making it the highest intermonth differential since October 14, reflecting good demand. Traders said buyers inventories were low while supplies from the W
Published 10 Nov, 2015 12:00am
Myanmar ruling party concedes defeat Suu Kyi heads for poll landslide

Myanmar ruling party concedes defeat Suu Kyi heads for poll landslide

Myanmar's ruling party conceded defeat on Monday in a general election as the opposition led by democracy figurehead Aung San Suu Kyi appeared on course for a landslide victory that could ensure it forms the next government. "We lost," Union Solidarity an
Published 10 Nov, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 8,156 million as compared to PKR 4,833 million reported on Thursday. The number of lots traded was 52.06 million. PMEX Commodity Index closed at 2,569. Major business was contributed
Published 10 Nov, 2015 12:00am
Myanmar ruling party concedes defeat Suu Kyi heads for poll landslide

Myanmar ruling party concedes defeat Suu Kyi heads for poll landslide

Myanmar's ruling party conceded defeat on Monday in a general election as the opposition led by democracy figurehead Aung San Suu Kyi appeared on course for a landslide victory that could ensure it forms the next government. "We lost," Union Solidarity an
Published 10 Nov, 2015 12:00am
CBOT wheat futures end mixed

CBOT wheat futures end mixed

Soft red winter wheat futures on the Chicago Board of Trade closed mixed on Friday, with the spot December contract losing to back months and to K.C. hard red winter wheat futures on spreads, traders said. CBOT wheat lost ground one day after trading at i
Published 10 Nov, 2015 12:00am
Birsk trade seen in Brazilian soyameal; European rapeseed meal

Birsk trade seen in Brazilian soyameal; European rapeseed meal

Birsk trade was seen in Brazilian soyameal and European rapeseed meal in Europe's animal feed market on Friday after prices were pushed down by a sharp fall in benchmark Chicago soyameal futures, traders said. In Europe Brazilian high protein soyameal for
Published 10 Nov, 2015 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot cash basis bids for hard red wheat were flat in the southern US Plains on Friday and country offerings were thin as producers waited for higher prices, dealers said. Rains fell in the south-eastern portion of the hard red wheat belt since Thursday bu
Published 10 Nov, 2015 12:00am
Ukrainian winter crops in good condition: analyst

Ukrainian winter crops in good condition: analyst

Severe drought has reduced the share of Ukrainian winter crops which are in good condition to around 29 percent as of November 5, from 41 percent at the same date last year, analyst UkrAgroConsult said on Monday. The share of crops in satisfactory conditi
Published 10 Nov, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 313,031 tonnes of cargo comprising 247,231 tonnes of import cargo and 65,800 tonnes of export cargo including 6,540 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 247
Published 10 Nov, 2015 12:00am
US Midwest soya, corn bids mostly steady

US Midwest soya, corn bids mostly steady

Spot cash basis bids for corn and soyabeans were mostly steady around the US Midwest on Friday, as farmers continued to hold on to their harvest, grain dealers said. Farmers and merchandisers were looking forward to Tuesday's USDA monthly supply/demand re
Published 10 Nov, 2015 12:00am
US natural gas futures little changed

US natural gas futures little changed

US natural gas futures ended little changed on Friday as forecasts for slightly weaker power generator demand offset expectations for slightly stronger residential and commercial heating demand. Front-month gas futures on the New York Mercantile Exchange
Published 10 Nov, 2015 12:00am
Ivory Coast rains, sunshine maintain cocoa crop before dry season

Ivory Coast rains, sunshine maintain cocoa crop before dry season

Abundant rain and sunny spells continued for a third week in most of Ivory Coast's primary cocoa regions, boosting hopes for a healthy main crop amid concerns about the upcoming dry season, farmers said on Monday. Farmers in the world's top cocoa producer
Published 10 Nov, 2015 12:00am
Russia seen on track to buy 1.5 million tonnes of grain by end-2015

Russia seen on track to buy 1.5 million tonnes of grain by end-2015

Russia's Agriculture Ministry should succeed with its aim to buy 1.5 million tonnes of grain for state stocks on the domestic market by the end of 2015 after recently raising the price it was willing to pay, analysts and traders said on Monday. "They will
Published 10 Nov, 2015 12:00am
Shanghai copper tumbles

Shanghai copper tumbles

Shanghai Futures Exchange copper lost 1 percent to 37620 yuan ($5,914) a tonne on Monday, having dropped to its weakest since late September China's trade figures disappointed analysts expectations by a wide margin in October, reinforcing views that the w
Published 10 Nov, 2015 12:00am
Copper hit six-year low on dollar strength, China data

Copper hit six-year low on dollar strength, China data

Copper hit a six-week low on Monday and headed towards its weakest in six years as the dollar remained firm and trade data from top consumer China reinforced the view that economic growth is slowing. Strong US jobs data on Friday raised the chances of a r
Published 10 Nov, 2015 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures inched down on Monday as a stronger US dollar dragged on commodity prices and persistent worries about an oversupply in Asia outweighed firmer Tokyo equities. The Tokyo Commodity Exchange (TOCOM) rubber contract for April de
Published 10 Nov, 2015 12:00am
Palm oil snaps two sessions of falls on weaker ringgit
Vegetable Oil

Palm oil snaps two sessions of falls on weaker ringgit

Malaysian palm oil futures rose on Monday, marking their first gain in three sessions on the back of a weaker ringgit. The January benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange had risen 2.7 percent to 2,384 ringgit ($545.85) a to
Published 10 Nov, 2015 12:00am
ICE sugar sinks after data; London cocoa falls

ICE sugar sinks after data; London cocoa falls

Raw sugar futures on ICE extended losses on Monday, tumbling more than 3 percent to a five-week low after data showed speculators boosted their bullish stance and forecasts for easing rain were seen helping the harvest in top grower Brazil. London cocoa f
Published 10 Nov, 2015 12:00am
Gold up in Asia

Gold up in Asia

Gold ticked up after an eight-day losing streak on Monday, but languished near its lowest in three months as surging US nonfarm payrolls boosted expectations of a December rate hike in the United States. Employers outside the farming sector added 271,000
Published 10 Nov, 2015 12:00am
Gold rises in Europe

Gold rises in Europe

The price of gold edged up on Monday, snapping an eight-day losing streak as the dollar retreated, but still hovered near its lowest level in three months as surging US jobs data boosted expectations of a US rate rise in December. Spot gold was up 0.1 per
Published 10 Nov, 2015 12:00am
Rusal expects US aluminium cutbacks in coming months

Rusal expects US aluminium cutbacks in coming months

Russia's Rusal expects some US high-cost aluminium firms to cut production in the coming months, which could support hard-hit prices, while Rusal itself is still considering trimming its output, an executive said on Monday. Analysts say cutbacks and closu
Published 10 Nov, 2015 12:00am
Maersk and CMA CGM in talks with Singapore's NOL over acquisition

Maersk and CMA CGM in talks with Singapore's NOL over acquisition

Singapore container shipping firm Neptune Orient Lines (NOL) said at the weekend it was in talks with France's CMA CGM SA and Denmark's A.P. Moeller-Maersk over a potential sale of the company. In a statement filed with the Singapore Exchange on Saturday,
Published 10 Nov, 2015 12:00am
TAG Heuer to launch $15,000 smartwatch

TAG Heuer to launch $15,000 smartwatch

Luxury Swiss watchmaker TAG Heuer will next week launch a smartwatch aimed at taking on the Apple Watch, but with an asking price of $15,000, the company chief said in an interview published Sunday. Jean-Claude Biver told the Le Matin Dimanche weekly that
Published 10 Nov, 2015 12:00am
India's largest bank SBI books 25 percent profit rise

India's largest bank SBI books 25 percent profit rise

State Bank of India, India's largest lender, beat expectations with a 25 percent rise in quarterly profit on Friday and a drop in its closely monitored bad debt ratio, predicting an improvement ahead. Analysts in the sector have been watching for signs th
Published 10 Nov, 2015 12:00am
Nigeria proposes 2016 budget of 7 to 8 trillion naira

Nigeria proposes 2016 budget of 7 to 8 trillion naira

The Nigerian government is proposing a budget of 7 to 8 trillion naira for 2016, up from 4.4 trillion this year, a document from the office of Vice President Yemi Osinbajo seen by Reuters showed on Friday. Nigeria, which has Africa's biggest economy and i
Published 10 Nov, 2015 12:00am
UK steelmakers call for immediate EU action on Chinese imports
Currency

UK steelmakers call for immediate EU action on Chinese imports

British steelmakers urged business minister Sajid Javid to insist on immediate action against what they see as Chinese steel dumping when he meets European Union (EU) economy and industry ministers in Brussels on Monday. Britain requested the emergency me
Published 10 Nov, 2015 12:00am
Spain industrial output rises

Spain industrial output rises

Spain's industrial output rose more than expected in September, official data showed on Friday, boosted by capital goods and durable consumer goods, which should help the economy motoring ahead. Calendar-adjusted industrial output rose 3.8 percent year-on
Published 10 Nov, 2015 12:00am
China policymaker says 6.5 percent a floor for 2016-2020 annual growth

China policymaker says 6.5 percent a floor for 2016-2020 annual growth

China is making 6.5 percent a floor or minimum level for annual economic growth in 2016 through 2020, a senior Chinese policymaker said on Monday, adding that the figure would be a base for setting a target for the five-year period. The economic growth ta
Published 10 Nov, 2015 12:00am
Dish misses revenue estimates

Dish misses revenue estimates

Dish Network Corp reported quarterly revenue that fell short of market estimates as more subscribers dropped its pay-TV service and growth in its online streaming service Sling TV showed signs of faltering. The company said on Monday it had lost about 23,
Published 10 Nov, 2015 12:00am
Dish misses revenue estimates

Dish misses revenue estimates

Dish Network Corp reported quarterly revenue that fell short of market estimates as more subscribers dropped its pay-TV service and growth in its online streaming service Sling TV showed signs of faltering. The company said on Monday it had lost about 23,
Published 10 Nov, 2015 12:00am
Dean Foods profit beats estimates as company maintains prices

Dean Foods profit beats estimates as company maintains prices

Dean Foods Co, the largest US milk processor, reported a better-than-expected profit for the third quarter as it maintained high prices despite a drop in raw milk costs. Shares of the company, which also forecast fourth-quarter adjusted earnings above ana
Published 10 Nov, 2015 12:00am
Dean Foods profit beats estimates as company maintains prices

Dean Foods profit beats estimates as company maintains prices

Dean Foods Co, the largest US milk processor, reported a better-than-expected profit for the third quarter as it maintained high prices despite a drop in raw milk costs. Shares of the company, which also forecast fourth-quarter adjusted earnings above ana
Published 10 Nov, 2015 12:00am
Tata Steel seeks price cuts from suppliers

Tata Steel seeks price cuts from suppliers

Tata Steel, Europe's second-largest steel producer, has written to its suppliers asking for an immediate 10 percent reduction in their prices and demanding deeper cuts over the longer term, a British newspaper reported on Sunday. The letter comes as Tata
Published 10 Nov, 2015 12:00am
China adds 9.4 million new supply of carbon credits

China adds 9.4 million new supply of carbon credits

China's carbon trading regulator will supply an additional 9.4 million offset credits to its seven regional emissions markets as it tries to give industrial emitters an incentive to meet mitigation targets using credits generated by clean projects. The tr
Published 10 Nov, 2015 12:00am
Australia job advertisements rise 0.4 percent

Australia job advertisements rise 0.4 percent

Australian job advertisements in newspapers and on the Internet posted a third month of growth in October, an encouraging sign that the demand for labour is holding up. A monthly survey by Australia and New Zealand Banking Group showed total job advertise
Published 10 Nov, 2015 12:00am
General Electric wins $2.6 billion contract to make trains in India

General Electric wins $2.6 billion contract to make trains in India

The Indian government has awarded a $2.6 billion contract to General Electric to develop and supply Indian Railways with 1,000 diesel locomotives over a period of 11 years, a company statement said on Monday. In accordance with the contract, GE is set to
Published 10 Nov, 2015 12:00am
German trade surplus shrinks in September
Currency

German trade surplus shrinks in September

Germany's exports and imports both rebounded in September after falls a month earlier, as the trade surplus shrank slightly to 19.4 billion euros ($20.9 billion), official data showed Monday. Demand for goods and services from Europe's biggest economy slo
Published 10 Nov, 2015 12:00am
India's Jet Airways in major Dubai Airshow purchase

India's Jet Airways in major Dubai Airshow purchase

India's Jet Airways injected life Monday into the Dubai Airshow, confirming an order for 75 Boeing 737 planes worth $8.25 billion at list price. The order, already listed on Boeing's books under an undisclosed client, was the sole large deal for plane pur
Published 10 Nov, 2015 12:00am
Taiwan exports shrink for 9th month in October, weakness may persist

Taiwan exports shrink for 9th month in October, weakness may persist

Taiwan's exports contracted for the ninth straight month in October as global demand stayed weak, adding to difficulties for the trade-reliant economy after a close call with recession. Annual exports in October dropped 11 percent, data from the Ministry
Published 10 Nov, 2015 12:00am
Japan wages up modestly, summer bonuses slump

Japan wages up modestly, summer bonuses slump

Japanese summer bonuses fell the most since the global financial crisis partly due to the effects of sampling, while monthly pay rose at a modest pace for a third straight month in September, underlining concerns about tepid wages and private consumption.
Published 10 Nov, 2015 12:00am
France introduces new measures to boost depressed housing market

France introduces new measures to boost depressed housing market

France announced new measures to boost its depressed housing market on Monday, providing 2 billion euros ($2.15 billion) in tax relief to banks offering new zero-interest mortgages, in the hope of firing up lacklustre economic growth. The measures will wi
Published 10 Nov, 2015 12:00am
Unbowed by criticism, Osborne announces new government cuts

Unbowed by criticism, Osborne announces new government cuts

British finance minister George Osborne announced on Monday a wide-ranging set of government spending cuts as part of his ambitious plan to turn Britain's deficit into a surplus by 2020. The transport, environment, local government and finance departments
Published 10 Nov, 2015 12:00am
Eurozone ministers deny Greece bailout cash as reforms lag

Eurozone ministers deny Greece bailout cash as reforms lag

Eurozone finance ministers told Greece on Monday to deliver overdue reforms in order to unlock two billion euros from its bailout as tensions resurfaced just months after Athens narrowly avoided a euro exit. German Finance Minister Wolfgang Schaeuble said
Published 10 Nov, 2015 12:00am
Egyptian market keeps sliding on FX fears; Gulf rebounds
Currency

Egyptian market keeps sliding on FX fears; Gulf rebounds

Egypt's stock market went on sliding on Monday because of fears of a currency devaluation and higher interest rates, while most major Gulf markets rebounded. The Egyptian equities index, which sank 2.6 percent on Sunday, lost a further 2.8 percent on Mond
Published 10 Nov, 2015 12:00am
Australian shares tumble to one-month low

Australian shares tumble to one-month low

Australian shares slumped to a one-month low on Monday, falling the most since October 2 as investors fretted about tumbling commodity prices and the risk of a US rate hike in December. The S&P/ASX 200 index skidded 1.8 percent, or 95.5 points, to 5,119.5
Published 10 Nov, 2015 12:00am
Tokyo shares rally
Currency

Tokyo shares rally

Tokyo shares surged Monday as exporters rallied on a weaker yen after strong US jobs data bolstered the case for a December Federal Reserve interest rate hike. The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 2.0 percent, or 377.14 points,
Published 10 Nov, 2015 12:00am
Sri Lanka shares slip

Sri Lanka shares slip

Sri Lankan shares ended a tad weaker in thin trade on Monday despite foreign buying as investors sold bluechips ahead of a holiday. The main stock index ended down 0.13 percent at 7,050.21, slipping from its highest close since October 29 hit on Friday.
Published 10 Nov, 2015 12:00am
Southeast Asian stocks mostly down
Mutual Funds

Southeast Asian stocks mostly down

Most Southeast Asian stock markets fell on Monday, in line with weak local currencies, as expectations of the US Fed's lift off in December and China's weak exports data hit risk appetite. The Thai key stock index was down 0.9 percent at 1,402.57, the low
Published 10 Nov, 2015 12:00am
Hong Kong shares down

Hong Kong shares down

Hong Kong shares finished down on Monday as afternoon profit-taking overwhelmed an early boost from buoyant mainland shares and the successful listing of China International Capital Corp, China's oldest domestic investment bank. Shares were up marginally
Published 10 Nov, 2015 12:00am
Chinese shares rise

Chinese shares rise

China stocks closed up on Monday, as investors welcomed Friday evening's announcement by the securities regulator that initial public offerings (IPOs) would resume in the next several weeks. After a lull of more than three months and the market now up ove
Published 10 Nov, 2015 12:00am
European stocks led lower by Portugal's political uncertainty

European stocks led lower by Portugal's political uncertainty

European shares fell on Monday, led lower by shares in Portugal, where an agreement between leftist parties to work together to form a government unnerved investors. Portugal's PSI 20 index fell 4.1 percent, underperforming a 1.1 percent drop for the FTSE
Published 10 Nov, 2015 12:00am
Portuguese yields hit four-month high

Portuguese yields hit four-month high

Portuguese government bond yields hit a four-month high on Monday after leftist parties reached agreement on forming an alternative government to try to oust the centre-right in a vote this week. German government bond yields reversed an earlier rise and
Published 10 Nov, 2015 12:00am
Portuguese yields hit four-month high

Portuguese yields hit four-month high

Portuguese government bond yields hit a four-month high on Monday after leftist parties reached agreement on forming an alternative government to try to oust the centre-right in a vote this week. German government bond yields reversed an earlier rise and
Published 10 Nov, 2015 12:00am
Indian stocks recover but end lower

Indian stocks recover but end lower

Indian shares recovered from over 2 percent lows but still ended in the red on Monday after Prime Minister Narendra Modi's heavy defeat in Bihar's state elections raised concerns the government would struggle to pass policy reforms. The benchmark BSE inde
Published 10 Nov, 2015 12:00am
Weaker miners and utilities push FTSE to three-week low

Weaker miners and utilities push FTSE to three-week low

Britain's top share index hit a three-week low on Monday, with Intercontinental Hotels Group falling after saying it was not considering a potential sale or merger move and miners tracking weaker metals prices. The blue-chip FTSE 100 index ended 0.9 perce
Published 10 Nov, 2015 12:00am
Aussie, kiwi at one-month lows
Currency

Aussie, kiwi at one-month lows

The Australian and New Zealand dollars fell to one-month lows on Monday, while bond yields surged after an upbeat US jobs report firmed up the case for a Federal Reserve interest rate increase in December. The Australian dollar fell as far as $0.7016 at o
Published 10 Nov, 2015 12:00am
Euro takes back some lost ground in Asia
Currency

Euro takes back some lost ground in Asia

The dollar ceded some ground to the euro as investors took profits on Monday, after robust US employment data prompted more investors to bet on an interest rate increase in December. The euro added 0.3 percent to $1.0768, after dropping to a seven-month l
Published 10 Nov, 2015 12:00am
Early trade in NY: Euro retreats from gains vs dollar

Early trade in NY: Euro retreats from gains vs dollar

The euro slipped from earlier gains against the dollar on Monday after a report saying the European Central Bank is forming a consensus to cut its deposit interest rate further into negative territory in December. The dollar edged up on the news, reboundi
Published 10 Nov, 2015 12:00am
Dollar falls from 6-1/2-month highs in Europe
Currency

Dollar falls from 6-1/2-month highs in Europe

The dollar fell from a 6-1/2-month high against the euro on Monday as investors took profits on the greenback's surge after bumper US jobs data bolstered bets on the US Federal Reserve raising interest rates in December. The only major currency against wh
Published 10 Nov, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 78.22-78.27 (previous 78.21-78.22). 02.75-05.00 percent (Previous 02.50-05.00 percent).
Published 10 Nov, 2015 12:00am
Healthy US jobs data hurts Asia FX
Currency

Healthy US jobs data hurts Asia FX

Most emerging Asian currencies slid on Monday as strong US jobs data boosted expectations for a Federal Reserve interest rate hike in December, undermining the appeal of the region's higher yields. India's rupee slumped to its weakest in more than six wee
Published 10 Nov, 2015 12:00am
Rand falls to record low

Rand falls to record low

South Africa's rand hit new record lows on Monday as the prospects of a US rate hike hardened, a development that helped push stocks higher as money flowed into rand hedges such as the gold sector. By 1534 GMT the rand had slipped 1.18 percent to 14.3195
Published 10 Nov, 2015 12:00am
Yuan falls

Yuan falls

China's yuan fell against the dollar on Monday after the central bank set a weaker midpoint to reflect dollar strength on rising expectations of a US interest rate hike in December. Trading volume was thin in early trade as market players awaited clues on
Published 10 Nov, 2015 12:00am
Sterling still shaky
Currency

Sterling still shaky

Sterling steadied just above $1.50 on Monday but fell against the euro and it looked to many strategists like one of the most exposed currencies to an expected further global rally for the dollar. The pound fell more than 2 percent against the greenback i
Published 10 Nov, 2015 12:00am
Sri Lankan rupee hits record low
Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee hit an all-time low on Monday due to importer dollar demand while moral suasion by the central bank prevented a further decline, dealers said. The rupee fell 0.35 percent to a record low of 142.00 per dollar before recovering slightly
Published 10 Nov, 2015 12:00am
Ronaldo opens up on Messi, family life in new film

Ronaldo opens up on Messi, family life in new film

Cristiano Ronaldo has no regrets after making an intimate documentary about his life and career, he told a press conference in London to mark the film's launch on Monday. Made by the team behind award-winning films about Ayrton Senna and Amy Winehouse, 'R
Published 10 Nov, 2015 12:00am
Starc fined for throw at Kiwi batsman

Starc fined for throw at Kiwi batsman

The International Cricket Council fined Australia paceman Mitchell Starc half of his match fee Monday for throwing a ball dangerously at New Zealand batsman Mark Craig. Starc was fined Aus$7,725 ($5,500) by match referee Roshan Mahanama, the ICC said afte
Published 10 Nov, 2015 12:00am
Umpire blunder as Aussies crush Kiwis

Umpire blunder as Aussies crush Kiwis

Australia crushed New Zealand by 208 runs but the Kiwis were left to curse a disputed decision against skipper Brendon McCullum on the final day of the first Test on Monday. The Australians claimed the seven remaining wickets during the morning in Brisban
Published 10 Nov, 2015 12:00am
German FA chief Niersbach quits over World Cup scandal

German FA chief Niersbach quits over World Cup scandal

German football federation chief Wolfgang Niersbach said Monday he was stepping down, taking "political responsibility" for graft claims related to the 2006 World Cup but admitting no personal guilt. "I was there from the first day of the bid for the 2006
Published 10 Nov, 2015 12:00am
Narine hauled up for suspect action

Narine hauled up for suspect action

West Indies spinner Sunil Narine has been reported for a suspect bowling action and will need to undergo tests within 14 days, the International Cricket Council (ICC) said on Monday. Narine, 27, was reported after the first one-day international against S
Published 10 Nov, 2015 12:00am
Ajmal to protest against cricket academy closure

Ajmal to protest against cricket academy closure

Saeed Ajmal has said that he will stage a protest on Wednesday in front of District Council Faisalabad against closure of his cricket academy by the University of Agriculture Faisalabad (UAF). Talking to APP on Monday, he claimed, that he was allotted far
Published 10 Nov, 2015 12:00am
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