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Print - 2015-11-23
The Weather

The Weather

The weather report on Sunday (November 22, 2015) and the forecast for Monday (November 23, 2015).

Published 23 Nov, 2015 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (November 16 to 20 2015).

Published 23 Nov, 2015 12:00am
EDB brings out second edition of directory

EDB brings out second edition of directory

Engineering Development Board (EDB) has compiled a directory of engineering goods exporters 2015. The directory contains database of more than 170 exporters and reflects the efforts of EDB for effectively promoting engineering capabilities of the local in
Published 23 Nov, 2015 12:00am
DIA detects discrepancies amounting to Rs 37.13 billion

DIA detects discrepancies amounting to Rs 37.13 billion

Directorate of Internal Audit (DIA) has detected massive discrepancies amounting to Rs 37.13 billion during last three years. According to a three-year performance report of the DIA, the Directorate has detected massive discrepancies amounting to Rs 37.13
Published 23 Nov, 2015 12:00am
Neurology department established at LGH

Neurology department established at LGH

In compliance of the orders of Chief Minister Punjab Muhammad Shahbaz Sharif, a new department of Neurology has been established at Lahore General Hospital in order to provide every possible medical facility to the patients of Epilepsy and muscles problem
Published 23 Nov, 2015 12:00am
Backyard farming: business community for developing policy

Backyard farming: business community for developing policy

The business community of southern Punjab has proposed to the government to develop a policy to attract the country's middle-class to engage in backyard farming. They said that the US govt has been protecting farmers against unpredictable hardships such a
Published 23 Nov, 2015 12:00am
IGP reviews security for Chehlum

IGP reviews security for Chehlum

Inspector General of Police, Sindh, Ghulam Haider Jamali, on Sunday directed the field officers to conduct regular surveillance of procession routes, parking points and enhance police patrolling, snap checking, picketing and advance intelligence collectin
Published 23 Nov, 2015 12:00am
'Pakistan is facing challenges of security, stability'

'Pakistan is facing challenges of security, stability'

Pakistan is facing security and stability challenges due to threats from its borders and from 'Daesh'. Terrorist attacks in Pakistan in the recent past indicate Daesh involvement. Nation should unite and build enough strength to defeat the sinister design
Published 23 Nov, 2015 12:00am
Six alleged terrorists held

Six alleged terrorists held

Sindh Rangers on Sunday arrested six alleged terrorists associated with a banned organisation here. The spokesman for Rangers said that the paramilitary troops responding to an intelligence report conducted a raid in Baldia's Ittehad Town.
Published 23 Nov, 2015 12:00am
Man allegedly kills minor daughter

Man allegedly kills minor daughter

A merciless man on Sunday allegedly tortured to death his minor daughter over domestic disputes here on Sunday. Police arrested the accused. Police said that accused Imran hailing from Surjani Town area had developed some differences with his wife, tortur
Published 23 Nov, 2015 12:00am
Profound situation

Profound situation

It looks more countries are going to be added to the list of seven countries-Iraq, Iran, Lebanon, Libya, Sudan, Somalia and Iran-that the US is said to have selected to be destroyed in less than 10 years following the terrorist attacks on the World Trade
Published 23 Nov, 2015 12:00am
Syrian war likely to dominate Putin's visit to Iran

Syrian war likely to dominate Putin's visit to Iran

Russian President Vladimir Putin will visit Tehran Monday for talks sure to sharpen attention on his alliance with Iran in Syria after the Islamic State group's deadly attacks in Paris. The trip coincides with a major summit in Iran's capital of gas expor
Published 23 Nov, 2015 12:00am
CPEC: Opportunity and potential

CPEC: Opportunity and potential

The much touted China-Pakistan Economic Corridor (CPEC) is stirring up a lot of commotion as well as parleys in many circles from various walks of life. Even the indigenous population of Gwadar has opinions ranging from extreme positives to negatives. The
Published 23 Nov, 2015 12:00am
PKR depreciation
Currency

PKR depreciation

This is the second and last part of a two-part series focusing on the reasons for the November 2015 rupee decline.
Published 23 Nov, 2015 12:00am
Sell-off process marred by property disputes

Sell-off process marred by property disputes

According to a Business Recorder exclusive, state-owned entities engaged in property disputes are a major impediment to the success of the government's privatisation plan. Faisalabad Electric Supply Corporation (Fesco), Pakistan Steel Mills (PSM) a
Published 23 Nov, 2015 12:00am
Fiscal deficit target

Fiscal deficit target

Finance Minister, Ishaq Dar, often boasts about the reduction in fiscal deficit during the tenure of present PML (N) government. However, it would be somewhat irritating for him to know that some analysts and think tanks don't agree with his assertions. I
Published 23 Nov, 2015 12:00am
Don't change your holiday plans: US Homeland Security

Don't change your holiday plans: US Homeland Security

US Secretary of Homeland Security Jeh Johnson on Sunday urged Americans to not change their plans for the upcoming Thanksgiving weekend holiday despite the recent terror attack in Paris. "We have no specific credible intelligence about a threat of the Par
Published 23 Nov, 2015 12:00am
China says US guilty of 'political provocation' in South China Sea

China says US guilty of 'political provocation' in South China Sea

China said on Sunday that the United States was making political provocations with its patrols in the disputed South China Sea, as tensions around the strategic waterways mount. China will continue to construct military facilities on artificial islands it
Published 23 Nov, 2015 12:00am
Three Palestinian attackers killed as civilians intervene

Three Palestinian attackers killed as civilians intervene

Three Palestinians, including a teenager, attacked Israelis with knives and a car in the occupied West Bank Sunday and were killed when civilians and security forces intervened. After the latest attacks in a nearly two-month wave of violence, an Israeli w
Published 23 Nov, 2015 12:00am
Russia says kills 11 militants who had sworn allegiance to IS

Russia says kills 11 militants who had sworn allegiance to IS

Russian security services have killed 11 Islamist militants who had been helping smuggle fighters across borders to Syria to join Islamic State, the country's anti-terrorism committee said. It said the militants were holed up in a fortified base in a wood
Published 23 Nov, 2015 12:00am
Conditions worsen for migrants denied passage across the Balkans

Conditions worsen for migrants denied passage across the Balkans

Conditions for hundreds of migrants stuck on Balkan borders worsened on Sunday as temperatures dropped and a first smattering of snow fell. Countries along the Balkan route taken by hundreds of thousands of migrants seeking refuge in western Europe last w
Published 23 Nov, 2015 12:00am
Argentina votes on big economic, political change

Argentina votes on big economic, political change

Argentines voted Sunday in an unprecedented presidential runoff that could end 12 years of leftist government and see the pro-business opposition seize command of Latin America's third-biggest economy.
Published 23 Nov, 2015 12:00am
Nearly 2 million children in Sudan malnourished

Nearly 2 million children in Sudan malnourished

Some two million Sudanese children under five suffer from malnutrition every year, UNICEF's representative said on Sunday, urging the international community to boost funding to tackle the problem. Of those two million, nearly 550,000 children have life-t
Published 23 Nov, 2015 12:00am
KP granting model status to all existing colleges: Ghani

KP granting model status to all existing colleges: Ghani

Special Assistant to KP Chief Minister on Information and Higher Education, Mushtaq Ahmad Ghani has said that the provincial government is converting all existing colleges into model colleges in the province. He was addressing a function held in connectio
Published 23 Nov, 2015 12:00am
Government urged to provide protection to doctors

Government urged to provide protection to doctors

Represen-tatives of Pakistan Medical Association (PMA) have urged the government to provide the protection to doctor community and detain culprits involved in the killing of doctors in the country.
Published 23 Nov, 2015 12:00am
Rally condemns hangings in Bangladesh

Rally condemns hangings in Bangladesh

Pak Muslim Alliance (PMA) staged a rally on Sunday to protest the hangings of pro-Pakistan politicians in Bangladesh. The protestors marched from Regal Chowk to Karachi Press Club (KPC) to register their protest against the executions of Salah Uddin Qadir
Published 23 Nov, 2015 12:00am
FBR's IT system not responding to new filers

FBR's IT system not responding to new filers

The Federal Board of Revenue (FBR) electronic system is not permitting new filers of income tax returns to generate Payment Slip (PSID) and pay tax merely on the basis of computerised national identity card numbers (CNICs).
Published 23 Nov, 2015 12:00am
PDMA asks district admin to re-open road

PDMA asks district admin to re-open road

Provincial Disaster Management Authority (PDMA), Khyber Pakhtunkhwa has directed district administration for making emergency arrangements for the opening of road closed due to landslide at Pouna, district Abbottabad. According to PDMA spokesman, Latif-ur
Published 23 Nov, 2015 12:00am
MBBS, BDS courses LUMHS holds entry test

MBBS, BDS courses LUMHS holds entry test

The Entry Test for the admissions in the course of MBBS and BDS (session 2015-2016) in Liaquat University of Medical & Health Sciences Jamshoro was conducted at LUMHS Campus Jamshoro on Sunday.
Published 23 Nov, 2015 12:00am
Execution of two leaders in Bangladesh: JI to observe 'Black Day' today

Execution of two leaders in Bangladesh: JI to observe 'Black Day' today

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has termed today (Monday) as a Black Day as two senior Islam-loving leaders including Secretary General, JI, Ali Hasan Mujahid, Bangladesh, were executed in Bangladesh for their love for Pakistan an
Published 23 Nov, 2015 12:00am
Antarctic ice melt may add less to ocean rise than thought

Antarctic ice melt may add less to ocean rise than thought

Melting Antarctic ice will contribute to soaring sea levels, but new estimates show the threat may be less serious than once thought, researchers said. Previous estimates had been for retreating ice around the South Pole to add as much as a metre (three f
Published 23 Nov, 2015 12:00am
Alarming new 'superbug' gene found in animals, people in China

Alarming new 'superbug' gene found in animals, people in China

A new gene that makes bacteria highly resistant to a last-resort class of antibiotics has been found in people and pigs in China - including in samples of bacteria with epidemic potential, researchers said on November 18.
Published 23 Nov, 2015 12:00am
First map showing world's hidden groundwater found

First map showing world's hidden groundwater found

The first map showing the world's hidden groundwater was published on November 16, bringing us closer to estimating how much there is, and when it will run out if we over-use the resource.
Published 23 Nov, 2015 12:00am
Many children with cancer were born at risk: study

Many children with cancer were born at risk: study

Gene sequencing of more than 1,000 children and adolescents diagnosed with cancer found that as many as 8.5 percent were born with genes that increase their risk of developing cancer, US researchers said on November 18. Of the children with cancer risk ge
Published 23 Nov, 2015 12:00am
New global heat records set for October

New global heat records set for October

Last month was the hottest October in modern history and the first 10 months of the year have also set new records for world-wide warmth, US government scientists said. The latest data means that 2015 is firmly on pace for being the most scorching since 1
Published 23 Nov, 2015 12:00am
Alcoholism drug may help design HIV cure

Alcoholism drug may help design HIV cure

A treatment for alcoholism can reactivate dormant HIV, potentially allowing other drugs to spot and kill the virus hiding out in human immune cells, researchers said. The medication, called Disulfiram, draws out the AIDS-causing virus without any side eff
Published 23 Nov, 2015 12:00am
What is global warming?

What is global warming?

Soon, the world will gather in Paris to forge a global pact to reduce greenhouse gas emissions blamed for dangerous levels of global warming.
Published 23 Nov, 2015 12:00am
Google Calendar can now resurrect deleted appointments

Google Calendar can now resurrect deleted appointments

Google Calendar users who accidentally delete appointments can now bring them back, thanks to an enhancement of the trash functionality for the Calendar app and the web-based Calendar. The first time a user deletes an event, an email will be sent explaini
Published 23 Nov, 2015 12:00am
Looking for a job? Online is where it's at

Looking for a job? Online is where it's at

For Americans looking for a job, the Internet is an important, and often an essential resource. A Pew Research Centre report released Thursday found 54 percent of US adults have gone online to look for job information and 45 percent have applied for a job
Published 23 Nov, 2015 12:00am
Smart button to bring old appliances into the internet age

Smart button to bring old appliances into the internet age

For all the hype about the internet of things - the idea that household appliances will one day be able to communicate wirelessly with one another - a lot of people are stuck with their old, unconnected appliances that most definitely can't be controlled
Published 23 Nov, 2015 12:00am
Windows 10 privacy settings should be tweaked

Windows 10 privacy settings should be tweaked

Customising privacy settings in software can be such a nuisance that most people don't bother, which is why Windows 10 knows a surprising amount about its users world-wide. Critics have accused Microsoft of putting a snooper in every home, but in fact, th
Published 23 Nov, 2015 12:00am
Ericsson sees video driving tenfold rise in mobile data by 2021

Ericsson sees video driving tenfold rise in mobile data by 2021

Swedish telecoms network gear maker Ericsson raised its forecast for mobile data traffic, in a further boost to companies that benefit from rising numbers of consumers viewing online videos on platforms such as YouTube and Netflix.
Published 23 Nov, 2015 12:00am
'Huge' opportunity as five billion to go online by 2020: Google

'Huge' opportunity as five billion to go online by 2020: Google

The world's online population will double to five billion by 2020 presenting "huge" business opportunities for tech start-ups on the cutting edge of the unprecedented expansion, the head of Google Europe said Thursday. "The connected population is going t
Published 23 Nov, 2015 12:00am
Gmail now suggests complete email answers to users

Gmail now suggests complete email answers to users

Gmail is now offering to reply to mail in your inbox on your behalf, providing a menu of suggested responses to emails for the user to choose from. Like autocorrect, the options available are sometimes wildly different from what the user was intending to
Published 23 Nov, 2015 12:00am
Facebook tests tools for dealing with former loves

Facebook tests tools for dealing with former loves

The online social network devoted to making the world more connected on Thursday began helping couples break up. Facebook began testing tools that curtail how much ex-partners see of one another and their posts at the social network, according to product
Published 23 Nov, 2015 12:00am
Target raises earnings forecast after profit rises

Target raises earnings forecast after profit rises

Target Corp on November 18 reported a bigger-than-expected increase in quarterly profit as revenue got a boost from online sales and strong growth in product categories at the centre of its turnaround plan.
Published 23 Nov, 2015 12:00am
Target raises earnings forecast after profit rises

Target raises earnings forecast after profit rises

Target Corp on November 18 reported a bigger-than-expected increase in quarterly profit as revenue got a boost from online sales and strong growth in product categories at the centre of its turnaround plan.
Published 23 Nov, 2015 12:00am
Danone aims for sales growth exceeding five percent by 2020
Currency

Danone aims for sales growth exceeding five percent by 2020

French food group Danone unveiled on November 14 new sales growth targets as it vowed to bolster the profitability of its struggling dairy division. The world's largest yoghurt group is aiming for organic sales growth - which excludes acquisitions and cur
Published 23 Nov, 2015 12:00am
Danone aims for sales growth exceeding five percent by 2020
Currency

Danone aims for sales growth exceeding five percent by 2020

French food group Danone unveiled on November 14 new sales growth targets as it vowed to bolster the profitability of its struggling dairy division. The world's largest yoghurt group is aiming for organic sales growth - which excludes acquisitions and cur
Published 23 Nov, 2015 12:00am
Aramco Trading Co expands operations into Singapore

Aramco Trading Co expands operations into Singapore

Aramco Trading Company, a subsidiary of oil giant Saudi Aramco, has started a Singapore office to market oil products, joining a growing number of companies setting up shop in the city-state, industry sources said. The firm has so far hired Nader Al-Arfaj
Published 23 Nov, 2015 12:00am
TSMC CEOs to hike capex in 2016 while rivals splash out on M&As

TSMC CEOs to hike capex in 2016 while rivals splash out on M&As

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) aims to boost capital expenditure next year but doesn't plan to get caught up in the wave of M&As engulfing the industry, the chief executives of the world's largest contract chipmaker said.
Published 23 Nov, 2015 12:00am
Statoil pulls out of Alaskan Arctic after Shell

Statoil pulls out of Alaskan Arctic after Shell

Norway's Statoil said on November 17 it was giving up its exploration licences in Alaska after its Anglo-Dutch rival Shell threw in the towel in September because of disappointing oil and gas finds.
Published 23 Nov, 2015 12:00am
More than $1 billion in 'skips' hit UAE banks

More than $1 billion in 'skips' hit UAE banks

Banks in the United Arab Emirates are working together to try to stem the number of small business owners fleeing the country with unpaid debt, a trend that has already reached around 5 billion dirhams ($1.4 billion) this year, a senior banking official s
Published 23 Nov, 2015 12:00am
Alcatel buy will increase 5G firepower: Nokia CEO

Alcatel buy will increase 5G firepower: Nokia CEO

Nokia's planned take-over of rival network gear maker Alcatel-Lucent will give it far greater scope to invest in new technologies like 5G mobile equipment while cutting costs, its chief executive said on November 18. Rajeev Suri also told Reuters in an in
Published 23 Nov, 2015 12:00am
Boult 'on track' to play third Test

Boult 'on track' to play third Test

Paceman Trent Boult is on track to play against Australia in this week's first-ever day-night Test in Adelaide, team officials insisted Sunday. The 26-year-old failed to bowl in this weekend's day-night tour match against a Western Australia XI in Perth,
Published 23 Nov, 2015 12:00am
English players rise in ICC ranking after routing Pakistan 3-1

English players rise in ICC ranking after routing Pakistan 3-1

England's commanding performance in the ODI series against Pakistan is clearly reflected in the latest ICC ODI Player Rankings, which has seen a number of its players make upward movements. In the ICC Player Rankings for ODI batsmen, England's Jos Buttler
Published 23 Nov, 2015 12:00am
McIlroy wins European season finale, tops money list again

McIlroy wins European season finale, tops money list again

Rory McIlroy won Dubai's DP World Tour Championship on Sunday, overhauling overnight leader Andy Sullivan with four birdies on the back nine to also be crowned Europe's top money earner for a third year in four. McIlroy carded a final round 66 to end with
Published 23 Nov, 2015 12:00am
ICC to explore Olympic inclusion for cricket

ICC to explore Olympic inclusion for cricket

Cricket's administrative body Sunday said that after a positive meeting with the officials of the International Olympic Committee it will explore ways to remove hurdles for the sport's inclusion at the Summer Games.
Published 23 Nov, 2015 12:00am
ICC president hails concept of day-night Tests

ICC president hails concept of day-night Tests

The president of cricket's governing body Sunday hailed the concept of day-night Test matches, days before Australia play New Zealand in the first-ever such match.
Published 23 Nov, 2015 12:00am
Napoli go top as Empoli hold Fiorentina

Napoli go top as Empoli hold Fiorentina

Title-chasing Napoli were left provisionally top of Serie A thanks to superior goals difference Sunday after a Nikola Kalinic-inspired Fiorentina were held 2-2 by Empoli in Florence. Earlier, Gonzalo Higuain hit his 10th goal of the campaign to take the l
Published 23 Nov, 2015 12:00am
Britain's Davis Cup team delay departure for Belgium

Britain's Davis Cup team delay departure for Belgium

Britain's Davis Cup team delayed their departure to Belgium by 24 hours on Sunday after Brussels went on maximum alert amid a search for armed Islamist extremists and fears of imminent attacks. A spokesman for the Lawn Tennis Association (LTA) said the te
Published 23 Nov, 2015 12:00am
Bopanna misses out on Tour Finals title

Bopanna misses out on Tour Finals title

India's Rohan Bopanna and his Romanian doubles partner Florin Mergea missed out on the ATP Tour Finals title after suffering a 6-4, 6-3 defeat against Jean-Julien Rojer and Horia Tecau in Sunday's final. Bopanna and Mergea had hoped to cap a memorable fir
Published 23 Nov, 2015 12:00am
Kane brace sets Spurs on Arsenal's tail

Kane brace sets Spurs on Arsenal's tail

Harry Kane scored his seventh and eighth goals in five matches as Tottenham Hotspur dispatched West Ham United 4-1 on Sunday to close on the Premier League's top four. Defenders Toby Alderweireld and Kyle Walker also found the net at a chilly White Hart L
Published 23 Nov, 2015 12:00am
Aamir shines as Bangladesh's scandal-hit twenty20 tournament resumes

Aamir shines as Bangladesh's scandal-hit twenty20 tournament resumes

Disgraced cricketer Mohammad Aamir dazzled in his first match outside Pakistan in five years as Bangladesh's scandal-hit Twenty20 tournament resumed Sunday. The tournament was stopped after its second edition in 2013 due to match-fixing allegations, while
Published 23 Nov, 2015 12:00am
India, Pakistan deadlock continues on cricket series

India, Pakistan deadlock continues on cricket series

The deadlock over a proposed series between arch-rivals India and Pakistan continued despite a meeting between the heads of the two boards in Dubai on Sunday, described as "fruitful" but without a breakthrough.
Published 23 Nov, 2015 12:00am
Algeria sees energy earnings, reserves dropping sharply in 2016

Algeria sees energy earnings, reserves dropping sharply in 2016

Algeria's energy earnings are forecast to fall to $26.4 billion next year while foreign exchange reserves will dip to $121 billion after low oil prices cut into the OPEC nation's economy, Finance Minister Abderrahmane Benkhalfa said on Sunday.
Published 23 Nov, 2015 12:00am
Retailers cautious ahead of US holiday shopping season

Retailers cautious ahead of US holiday shopping season

Lackluster earnings reports from retailers have raised questions about whether the 2015 holiday shopping season will bring as much of a boost to the US economy as hoped. Apparel giant Gap and kitchen and home furnishings chain Williams-Sonoma late this we
Published 23 Nov, 2015 12:00am
Dana Gas says wins UK court ruling for $100 million Kurdistan payment

Dana Gas says wins UK court ruling for $100 million Kurdistan payment

United Arab Emirates energy firm Dana Gas, one of the largest investors in Iraq's Kurdistan region, on Sunday said the British High Court had ordered the Kurdish regional government to pay Dana's consortium $100 million within 14 days. The decision reinfo
Published 23 Nov, 2015 12:00am
Swiss central bank criticised as economy takes franc hit
Currency

Swiss central bank criticised as economy takes franc hit

The Swiss National Bank should make more efforts to protect Switzerland's economy from the impact of an overvalued franc, economists told several Swiss newspapers. The SNB abandoned its cap on the franc in January and is instead using negative interest ra
Published 23 Nov, 2015 12:00am
US pushes China on market access, little progress seen

US pushes China on market access, little progress seen

The United States pushed China for greater market access at annual trade talks in China on Sunday, though few breakthroughs are expected amid tensions over cyber hacking and rules that could hamper foreign tech firms.
Published 23 Nov, 2015 12:00am
Spanish economic growth improved from third quarter in October

Spanish economic growth improved from third quarter in October

Spain's economic output picked up in October from the third quarter, when it posted one of the fastest growth rates in the euro zone, Economy Minister Luis de Guindos said in a newspaper interview published on Sunday.
Published 23 Nov, 2015 12:00am
Fed may need permanently big balance sheet: Williams

Fed may need permanently big balance sheet: Williams

The US Federal Reserve and other global central banks may need to consider new tools in a world of permanently lower interest rates, including keeping big balance sheets or using negative interest rates to combat shocks, a top Fed official said on Saturda
Published 23 Nov, 2015 12:00am
China offers $10 billion in infrastructure loans for Southeast Asia

China offers $10 billion in infrastructure loans for Southeast Asia

China is offering $10 billion in infrastructure loans to Southeast Asian countries, a senior foreign ministry official said on Sunday. The world's second-largest economy will also provide aid worth 3.6 billion yuan (US $560 million) to underdeveloped stat
Published 23 Nov, 2015 12:00am
Weak currency undermines Singapore's safe-haven bonds
Currency

Weak currency undermines Singapore's safe-haven bonds

Singapore is one of the world's few sovereign states with a triple-A credit rating on its debt, but its sliding currency is causing the country's government bonds to behave more like those from riskier emerging markets.
Published 23 Nov, 2015 12:00am
Weak currency undermines Singapore's safe-haven bonds
Currency

Weak currency undermines Singapore's safe-haven bonds

Singapore is one of the world's few sovereign states with a triple-A credit rating on its debt, but its sliding currency is causing the country's government bonds to behave more like those from riskier emerging markets.
Published 23 Nov, 2015 12:00am
Fund managers face a little trouble with big China
Mutual Funds

Fund managers face a little trouble with big China

China is heading for such dominance in the world's main emerging market stock index that investors are scrambling for ways to water down the too-many-eggs-in-one-basket risk. Among the options on offer are standalone China-dedicated funds and even trying
Published 23 Nov, 2015 12:00am
Fund managers face a little trouble with big China
Mutual Funds

Fund managers face a little trouble with big China

China is heading for such dominance in the world's main emerging market stock index that investors are scrambling for ways to water down the too-many-eggs-in-one-basket risk. Among the options on offer are standalone China-dedicated funds and even trying
Published 23 Nov, 2015 12:00am
Egyptian pound steady
Currency

Egyptian pound steady

Egypt's central bank kept the pound steady at 7.7301 to the dollar at its official foreign currency auction on Sunday, less than two weeks after surprising the market by strengthening it. The central bank sold 37.8 million dollars at a cut-off price of 7.
Published 23 Nov, 2015 12:00am
China to sell dim sum bond in Hong Kong

China to sell dim sum bond in Hong Kong

China will sell 10 billion yuan ($1.57 billion) worth dim sum bonds via the Hong Kong Monetary Authority's Central Moneymarkets Unit platform this Thursday, the city's de-facto central bank said on Friday.
Published 23 Nov, 2015 12:00am
China to sell dim sum bond in Hong Kong

China to sell dim sum bond in Hong Kong

China will sell 10 billion yuan ($1.57 billion) worth dim sum bonds via the Hong Kong Monetary Authority's Central Moneymarkets Unit platform this Thursday, the city's de-facto central bank said on Friday.
Published 23 Nov, 2015 12:00am
Saudi Arabia's index bounces further from chart support; Egypt edges up

Saudi Arabia's index bounces further from chart support; Egypt edges up

Saudi Arabia's stock market bounced further from a technical support level on Sunday but other Gulf bourses were little changed. Egypt's market edged up. The Saudi stock index has been rebounding in the last few days from support at November's two-year lo
Published 23 Nov, 2015 12:00am
Inflation figures, US data in focus for Tokyo investors

Inflation figures, US data in focus for Tokyo investors

Investors will keep tabs on Japanese inflation figures and hints of supportive government policy next week for key trading cues, as well as the latest US economic data. The United States is slated to release revised third quarter gross domestic product fi
Published 23 Nov, 2015 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.86-78.86 (previous 78.81-78.83). 02.50-04.50 percent (Previous 02.50-04.50 percent).
Published 23 Nov, 2015 12:00am
Australian, New Zealand dollar forecasts a little less bearish
Currency

Australian, New Zealand dollar forecasts a little less bearish

Analysts remain bearish on the outlook for the Australian and New Zealand dollars, but the majority view was the commodity currencies would not have much further to fall. The survey, however, was taken before US Federal Reserve officials this week stoked
Published 23 Nov, 2015 12:00am