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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-11-23
MPS: There's nothing to read between the lines
Currency

MPS: There's nothing to read between the lines

The monetary policy announcement has been proclaimed and it delivers a message of no significant change as the policy rate has been kept unchanged at six percent. The narrative which accompanied the decision is poor as the policy note falls short of expla
Published 23 Nov, 2015 12:00am
MPS: There's nothing to read between the lines
Currency

MPS: There's nothing to read between the lines

The monetary policy announcement has been proclaimed and it delivers a message of no significant change as the policy rate has been kept unchanged at six percent. The narrative which accompanied the decision is poor as the policy note falls short of expla
Published 23 Nov, 2015 12:00am
THE RUPEE: bears dominate
Currency

THE RUPEE: bears dominate

An easier trend was seen on the money market as the rupee moved cautiously but ended the week with modest losses versus the dollar owing to persistent demand for the US currency. In the interbank market, the rupee shed three paisas versus the dollar for b
Published 23 Nov, 2015 12:00am
THE RUPEE: bears dominate
Currency

THE RUPEE: bears dominate

An easier trend was seen on the money market as the rupee moved cautiously but ended the week with modest losses versus the dollar owing to persistent demand for the US currency. In the interbank market, the rupee shed three paisas versus the dollar for b
Published 23 Nov, 2015 12:00am
Obama says world must not succumb to fear of terror

Obama says world must not succumb to fear of terror

US President Barack Obama called Sunday for resolve in the face of heightened jihadist threats, insisting panicked citizens must not succumb to fear and urging world leaders not to abandon a climate summit in Paris.
Published 23 Nov, 2015 12:00am
Obama says world must not succumb to fear of terror

Obama says world must not succumb to fear of terror

US President Barack Obama called Sunday for resolve in the face of heightened jihadist threats, insisting panicked citizens must not succumb to fear and urging world leaders not to abandon a climate summit in Paris.
Published 23 Nov, 2015 12:00am
Syrian refugees: denial of asylum morally wrong: Maleeha

Syrian refugees: denial of asylum morally wrong: Maleeha

Pakistan has called for a "clear, resolute and unified" approach based on humanitarian principles to tackle the unprecedented refugee crisis in the Mediterranean basin, while deploring efforts to spread hate and Islamophobia after the terrorist attacks in
Published 23 Nov, 2015 12:00am
Syrian refugees: denial of asylum morally wrong: Maleeha

Syrian refugees: denial of asylum morally wrong: Maleeha

Pakistan has called for a "clear, resolute and unified" approach based on humanitarian principles to tackle the unprecedented refugee crisis in the Mediterranean basin, while deploring efforts to spread hate and Islamophobia after the terrorist attacks in
Published 23 Nov, 2015 12:00am
Fesco: Nepra may announce multi-year tariff

Fesco: Nepra may announce multi-year tariff

National Electric Power Regulatory Authority (Nepra) is expected to announce a multi-year tariff for Faisalabad Electric Supply Company (Fesco) within a week or so but it is still unclear whether the regulator will include entity's land value in tariff ca
Published 23 Nov, 2015 12:00am
Fesco: Nepra may announce multi-year tariff

Fesco: Nepra may announce multi-year tariff

National Electric Power Regulatory Authority (Nepra) is expected to announce a multi-year tariff for Faisalabad Electric Supply Company (Fesco) within a week or so but it is still unclear whether the regulator will include entity's land value in tariff ca
Published 23 Nov, 2015 12:00am
Fesco: Nepra may announce multi-year tariff

Fesco: Nepra may announce multi-year tariff

National Electric Power Regulatory Authority (Nepra) is expected to announce a multi-year tariff for Faisalabad Electric Supply Company (Fesco) within a week or so but it is still unclear whether the regulator will include entity''s land value in tariff c
Published 23 Nov, 2015 12:00am
FO terms Bangladesh executions 'unfortunate'

FO terms Bangladesh executions 'unfortunate'

Pakistan on Sunday expressed its concern and anguish over "unfortunate" executions of the Bangladesh National Party leader Salauddin Quadir Chowdhury and Ali Ahsan Mojaheed.
Published 23 Nov, 2015 12:00am
FO terms Bangladesh executions 'unfortunate'

FO terms Bangladesh executions 'unfortunate'

Pakistan on Sunday expressed its concern and anguish over "unfortunate" executions of the Bangladesh National Party leader Salauddin Quadir Chowdhury and Ali Ahsan Mojaheed.
Published 23 Nov, 2015 12:00am
Executions part of conspiracy: BD JI

Executions part of conspiracy: BD JI

Bangladesh Sunday hanged two top opposition leaders for war crimes during the independence war and strengthened security nation-wide over fears the executions could spark fresh unrest. Thousands of extra police and border guards were deployed in Dhaka and
Published 23 Nov, 2015 12:00am
Executions part of conspiracy: BD JI

Executions part of conspiracy: BD JI

Bangladesh Sunday hanged two top opposition leaders for war crimes during the independence war and strengthened security nation-wide over fears the executions could spark fresh unrest. Thousands of extra police and border guards were deployed in Dhaka and
Published 23 Nov, 2015 12:00am
Stocks stay dull

Stocks stay dull

Karachi equities witnessed another bearish week with the KSE-100 index contracting to 33,857, down 0.8 percent week-on-week (WoW). Daily trading volume was no exception which averaged on 176 million shares, marking five percent decrease over the week prec
Published 23 Nov, 2015 12:00am
Stocks stay dull

Stocks stay dull

Karachi equities witnessed another bearish week with the KSE-100 index contracting to 33,857, down 0.8 percent week-on-week (WoW). Daily trading volume was no exception which averaged on 176 million shares, marking five percent decrease over the week prec
Published 23 Nov, 2015 12:00am
Stocks stay dull

Stocks stay dull

Karachi equities witnessed another bearish week with the KSE-100 index contracting to 33,857, down 0.8 percent week-on-week (WoW). Daily trading volume was no exception which averaged on 176 million shares, marking five percent decrease over the week prec
Published 23 Nov, 2015 12:00am
Futures spreads up by 145 basis points

Futures spreads up by 145 basis points

Futures spreads increased by 145 basis points to 10.80 percent during the week that ended on November 20. The daily trading volume, however, closed 52.4 percent down to average on 11.81 million shares. Accordingly, the value of stocks traded also showed 4
Published 23 Nov, 2015 12:00am
Futures spreads up by 145 basis points

Futures spreads up by 145 basis points

Futures spreads increased by 145 basis points to 10.80 percent during the week that ended on November 20. The daily trading volume, however, closed 52.4 percent down to average on 11.81 million shares. Accordingly, the value of stocks traded also showed 4
Published 23 Nov, 2015 12:00am
Futures spreads up by 145 basis points

Futures spreads up by 145 basis points

Futures spreads increased by 145 basis points to 10.80 percent during the week that ended on November 20. The daily trading volume, however, closed 52.4 percent down to average on 11.81 million shares. Accordingly, the value of stocks traded also showed 4
Published 23 Nov, 2015 12:00am
Futures spreads up by 145 basis points

Futures spreads up by 145 basis points

Futures spreads increased by 145 basis points to 10.80 percent during the week that ended on November 20. The daily trading volume, however, closed 52.4 percent down to average on 11.81 million shares. Accordingly, the value of stocks traded also showed 4
Published 23 Nov, 2015 12:00am
State of emergency in Crimea after power lines blown up

State of emergency in Crimea after power lines blown up

Crimea declared a state of emergency on Sunday after its main electricity lines from Ukraine were blown up, leaving the Russian-annexed peninsula in darkness after the second such attack in as many days. More than 1.6 million people are without power, wat
Published 23 Nov, 2015 12:00am
State of emergency in Crimea after power lines blown up

State of emergency in Crimea after power lines blown up

Crimea declared a state of emergency on Sunday after its main electricity lines from Ukraine were blown up, leaving the Russian-annexed peninsula in darkness after the second such attack in as many days. More than 1.6 million people are without power, wat
Published 23 Nov, 2015 12:00am
Three soldiers martyred in SWA bomb attack

Three soldiers martyred in SWA bomb attack

At least three soldiers were killed in a remote controlled bomb attack here on Sunday. Sources said that unknown extremists targeted vehicle of security forces in Torwam area of South Waziristan Agency (SWA) with remote controlled explosive device. The ve
Published 23 Nov, 2015 12:00am
No bomb found on Turkish Airlines plane, resumes journey

No bomb found on Turkish Airlines plane, resumes journey

No explosives were found on a Turkish Airlines flight diverted to Halifax, Canada, after a bomb threat and the plane was cleared to continue its journey, Canadian police and the airline said on Sunday.
Published 23 Nov, 2015 12:00am
Gunfire, explosions in Burundi kill at least five

Gunfire, explosions in Burundi kill at least five

At least five people were killed in overnight clashes in Burundi, police said on Sunday, and residents reported a battle at the president's office in the capital Bujumbura which has been plagued by violence since a disputed presidential election.
Published 23 Nov, 2015 12:00am
Belgium extends top threat alert for Brussels

Belgium extends top threat alert for Brussels

Belgium said it faced a serious and imminent threat of a Paris-style attack, and kept Brussels on maximum alert on Monday as security forces searched for militants thought to be at large in the capital. Prime Minister Charles Michel, speaking after a meet
Published 23 Nov, 2015 12:00am
Uneasy calm in Jhelum

Uneasy calm in Jhelum

Officials in city hit by sectarian riots called a meeting of religious clerics Sunday to defuse tensions as scores of Ahmadis reportedly fled after a weekend of violence. The unrest began Friday when an angry mob in Jhelum torched a factory after one of i
Published 23 Nov, 2015 12:00am
Uneasy calm in Jhelum

Uneasy calm in Jhelum

Officials in city hit by sectarian riots called a meeting of religious clerics Sunday to defuse tensions as scores of Ahmadis reportedly fled after a weekend of violence. The unrest began Friday when an angry mob in Jhelum torched a factory after one of i
Published 23 Nov, 2015 12:00am
Scores killed in Myanmar jade mine landslide

Scores killed in Myanmar jade mine landslide

Around 100 people have died in a huge landslide in a remote jade mining area of northern Myanmar, officials said Sunday, as search teams continued to find bodies in one of the deadliest disasters to strike the country's shadowy jade industry.
Published 23 Nov, 2015 12:00am
Scores killed in Myanmar jade mine landslide

Scores killed in Myanmar jade mine landslide

Around 100 people have died in a huge landslide in a remote jade mining area of northern Myanmar, officials said Sunday, as search teams continued to find bodies in one of the deadliest disasters to strike the country's shadowy jade industry.
Published 23 Nov, 2015 12:00am
Britain to boost counter-terror spending by 30 percent

Britain to boost counter-terror spending by 30 percent

Britain is to increase its counter-terrorism funding by 30 percent in the wake of the Paris attacks, finance minister George Osborne said Sunday. The chancellor of the exchequer would not rule out cuts to frontline police numbers but said he was confident
Published 23 Nov, 2015 12:00am
Britain to boost counter-terror spending by 30 percent

Britain to boost counter-terror spending by 30 percent

Britain is to increase its counter-terrorism funding by 30 percent in the wake of the Paris attacks, finance minister George Osborne said Sunday. The chancellor of the exchequer would not rule out cuts to frontline police numbers but said he was confident
Published 23 Nov, 2015 12:00am
Egyptians vote again to elect new parliament

Egyptians vote again to elect new parliament

Egyptians voted Sunday across 13 of the country's 27 provinces in the second phase of parliamentary elections after a low turnout marred the first stage in the absence of any opposition. The election is expected to elect lawmakers who firmly back Presiden
Published 23 Nov, 2015 12:00am
Egyptians vote again to elect new parliament

Egyptians vote again to elect new parliament

Egyptians voted Sunday across 13 of the country's 27 provinces in the second phase of parliamentary elections after a low turnout marred the first stage in the absence of any opposition. The election is expected to elect lawmakers who firmly back Presiden
Published 23 Nov, 2015 12:00am
Gunmen kill TV journalist in Kohat

Gunmen kill TV journalist in Kohat

Unidentified gunmen on Sunday killed a TV journalist, police said, the second such murder this month in the insurgency-hit north-west. Atrackers riding a motorcycle fired on 42-year-old Hafeez Ur Rehman near his home on the outskirts of Kohat.
Published 23 Nov, 2015 12:00am
Gunmen kill TV journalist in Kohat

Gunmen kill TV journalist in Kohat

Unidentified gunmen on Sunday killed a TV journalist, police said, the second such murder this month in the insurgency-hit north-west. Atrackers riding a motorcycle fired on 42-year-old Hafeez Ur Rehman near his home on the outskirts of Kohat.
Published 23 Nov, 2015 12:00am
ASEAN establishes landmark economic and security bloc
Currency

ASEAN establishes landmark economic and security bloc

Southeast Asian leaders on Sunday symbolically declared the establishment by year-end of an EU-style regional economic bloc, but diplomats admitted it will be years before the vision of a single market can be realised.
Published 23 Nov, 2015 12:00am
ASEAN establishes landmark economic and security bloc
Currency

ASEAN establishes landmark economic and security bloc

Southeast Asian leaders on Sunday symbolically declared the establishment by year-end of an EU-style regional economic bloc, but diplomats admitted it will be years before the vision of a single market can be realised.
Published 23 Nov, 2015 12:00am
Taliban hold Hazaras hostage for 'stealing sheep'

Taliban hold Hazaras hostage for 'stealing sheep'

Afghan Taliban militants on Saturday kidnapped at least seven members of the minority Shia Hazara community after a dispute over sheep, local authorities said. Gunmen stopped three buses at dawn between Shah Joy and Qalat in the volatile Zabul province, f
Published 23 Nov, 2015 12:00am
Taliban hold Hazaras hostage for 'stealing sheep'

Taliban hold Hazaras hostage for 'stealing sheep'

Afghan Taliban militants on Saturday kidnapped at least seven members of the minority Shia Hazara community after a dispute over sheep, local authorities said. Gunmen stopped three buses at dawn between Shah Joy and Qalat in the volatile Zabul province, f
Published 23 Nov, 2015 12:00am
Fake BISP SMS senders being monitored through FIA: Marvi

Fake BISP SMS senders being monitored through FIA: Marvi

The fake message senders of Benzair Income Support Program (BISP) are being monitored through Federal Investigation Agency (FIA) as BISP has registered the case to probe into the matter, its, Chairperson Marvi Memon said.
Published 23 Nov, 2015 12:00am
LB election results validated 2013 PML-N mandate: Ayaz

LB election results validated 2013 PML-N mandate: Ayaz

Speaker National Assembly Sardar Ayaz Sadiq has said local bodies (LB) election results had validated the mandate of Pakistan Muslim League Nawaz (PML-N) and transparency of general elections 2013. In an interview to PTV news he said, it had become a habi
Published 23 Nov, 2015 12:00am
KP Governor pledges efforts to promote all regional languages

KP Governor pledges efforts to promote all regional languages

Governor Khyber Pakhtunkhwa Sardar Mahtab Ahmad Khan said that it is the need of an hour to make available equal opportunities of promotion of all regional languages and cultures and this will pave the way for national unity and solidarity.
Published 23 Nov, 2015 12:00am
AJIP merged into PTI: PTI to spend taxpayers' money on the poor: Imran

AJIP merged into PTI: PTI to spend taxpayers' money on the poor: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that his party will spend taxpayers' money on the poor people instead of 'wasting' it on building roads when it comes to power. "The performance of KP government will guarantee PTI's victory in n
Published 23 Nov, 2015 12:00am
Five KP districts: research survey sees gold deposits in rivers, streams

Five KP districts: research survey sees gold deposits in rivers, streams

A research survey conducted by Mineral Department Khyber Pakhtunkhwa has confirmed the presence of gold in the rivers and streams of districts Charsadda, Swabi, Nowshera, Karak and Kohat. This has been revealed to the provincial assembly in a written repl
Published 23 Nov, 2015 12:00am
Migratory birds begin to land in AJK wetlands

Migratory birds begin to land in AJK wetlands

The migratory birds from various parts of the world have started landing in different wetland in the picturesque Azad Jammu and Kashmir most particularly along the huge reservoir of Mangla Dam in Mirpur district.
Published 23 Nov, 2015 12:00am
Fazl criticises PTI with 'renewed enthusiasm'

Fazl criticises PTI with 'renewed enthusiasm'

JUI-F Maulana Fazl-ur-Rehman has termed the PTI as Jewish lobby, which receives foreign assistance for spreading of Western culture in the country. He said that the matter has been confirmed by Federal Minister for Information, Pervez Rasheed himself.
Published 23 Nov, 2015 12:00am
Shah to visit Swat on November 25

Shah to visit Swat on November 25

PPP stalwart and Leader of Opposition in National Assembly, Khurshid Shah and other senior leaders will visit District Swat on November 25, 2015. According to president, PPP district Swat, Shamsher Ali Khan, the visit of opposition leader and other party
Published 23 Nov, 2015 12:00am
PPP leader voices concern over 'plight' of farmers

PPP leader voices concern over 'plight' of farmers

Senior leader of Pakistan People's Party (PPP) and Leader of Opposition in the National Assembly Syed Khurshid Shah on Sunday expressed his serious concern over the plight of farmers belonging to Sindh and Balochistan provinces.
Published 23 Nov, 2015 12:00am
Farooq terms PTI, JI political wings of Taliban

Farooq terms PTI, JI political wings of Taliban

Senior leader of Muttahida Qaumi Movement (MQM) Farooq Sattar has declared the Pakistan Tehreek-e-Insaf (PTI) and Jamaat-e-Islami (JI) as political wings of Taliban. Talking to media persons here on Sunday, Dr Farooq Sattar alleged that PTI and JI are try
Published 23 Nov, 2015 12:00am
Belarusian company to increase tyre export to Pakistan

Belarusian company to increase tyre export to Pakistan

The export of tyres to Pakistan increases by 50 percent from January-October 2015 in comparison with the same period of last year to nearly $3 million, according to Belarusian largest tyre Maker Company.
Published 23 Nov, 2015 12:00am
New Islamabad Airport: first airport to support landing of Airbus A-380

New Islamabad Airport: first airport to support landing of Airbus A-380

The first-ever green-field airport, the under construction `New Islamabad International Airport' (NIIA) having a capacity to support landing and parking of Airbus A-380, the biggest passenger aircraft of the world, is being equipped with cutting-edge tech
Published 23 Nov, 2015 12:00am
PMPKL decides to reorganise leaf buying, processing

PMPKL decides to reorganise leaf buying, processing

Philip Morris (Pakistan) Limited (PMPKL) Sunday announced the decision to reorganise its leaf buying and leaf processing establishments as part of a strategic review to optimise process efficiency and operational effectiveness, and to best position the co
Published 23 Nov, 2015 12:00am
'Electronic' plants to herald new era for scientists

'Electronic' plants to herald new era for scientists

A team of Swedish researchers, by using living roses has created analogue and digital electronic circuits inside living plants, calling them "electronic plants". The experiment demonstrates wires, digital logic and displays elements fabricated inside the
Published 23 Nov, 2015 12:00am
KP SSU chief visits special monitoring unit Punjab

KP SSU chief visits special monitoring unit Punjab

The head of Strategic Support Unit (SSU) Khyber Pakhtunkhwa Sahibzada Saeed visited Special Monitoring Unit (SMU) at Chief Minister's Office to review the method and strategy of SMU and improve SSU in KPK. Head of SMU Aizaz Akhtar gave a briefing about th
Published 23 Nov, 2015 12:00am
Waziristan minerals can help change fate of country: UBG

Waziristan minerals can help change fate of country: UBG

The ruling United Business Group (UBG) of FPCCI on Sunday said mineral deposits in Waziristan tribal region are enough to change the fate of country. Therefore, these should be exploited without any delay.
Published 23 Nov, 2015 12:00am
MCCI chief hails Monetary Policy
Cotton

MCCI chief hails Monetary Policy

The Multan Chamber of Commerce and Industry (MCCI) welcomed on Sunday the Monetary Policy announced by the State Bank of Pakistan (SBP) in which the interest rate was kept unchanged.
Published 23 Nov, 2015 12:00am
'Karachi loses more than 40 percent of its piped water'

'Karachi loses more than 40 percent of its piped water'

Karachi, most probably, loses more than 40 percent of its piped water. The best water utilities account for 15 percent losses or less. Almost 1/3rd of the city's population is being supplied untreated water from the Indus River.
Published 23 Nov, 2015 12:00am
Sunflower to be cultivated over 87,000 acres in Punjab

Sunflower to be cultivated over 87,000 acres in Punjab

The Punjab government has formulated a well-knitted plan for the promotion of sunflower and other oil seed crops in the province. The step has been taken to produce maximum edible oil aimed at lessen the import and produce maximum edible oil in the provin
Published 23 Nov, 2015 12:00am
Jhelum's arson attacks to be thoroughly probed: Sanaullah

Jhelum's arson attacks to be thoroughly probed: Sanaullah

Punjab Minister for Law and Parliamentary Affairs Rana Sanaullah said here on Sunday that Jhelum's incidents of arson of a factory and Ahmedis' place of worship will be thoroughly investigated. "No-one will be allowed to take the law into their hands and
Published 23 Nov, 2015 12:00am
'Only JI, IJT offering sacrifices for Pakistan'

'Only JI, IJT offering sacrifices for Pakistan'

Deputy Chief of the Jamaat e Islami, Rashid Naseem, has said that only the Jamaat-e-Islami and the Islami Jamiat e Talaba (IJT) had been offering sacrifices for this country while all other parties had been enjoying power. He was addressing a two day work
Published 23 Nov, 2015 12:00am
Shahbaz for speedy implementation of development strategy

Shahbaz for speedy implementation of development strategy

Punjab Chief Minister Muhammad Shahbaz Sharif has said that effective implementation of the development strategy for the provision of basic amenities and best services to the citizens is essential and such measures will have to be adopted immediately as c
Published 23 Nov, 2015 12:00am
People can contact Shahbaz through facebook

People can contact Shahbaz through facebook

Punjab Chief Minister Shahbaz Sharif will be online on facebook, the website of social contacts, on November 23. He will give direct answers to the questions of people through video message in online programme 'Sawal Shehbaz Sharif Sai'. People can ask qu
Published 23 Nov, 2015 12:00am
Russia serious about solution in Syria: German minister

Russia serious about solution in Syria: German minister

Russia feels increasingly under threat from developments in the Middle East and appears to be serious about co-operating with western countries to resolve the war in Syria, Germany's foreign minister said on Sunday.
Published 23 Nov, 2015 12:00am
Mali attack probe deepens as siege hotel yields clues

Mali attack probe deepens as siege hotel yields clues

Malian investigators Sunday stepped up the hunt for suspects wanted over the jihadist siege at a luxury hotel that left 19 people dead in the capital Bamako, where residents were seeking to return to normal life. Two days after the attack on the Radisson
Published 23 Nov, 2015 12:00am
Madrid marchers urge justice 40 years after Franco's death

Madrid marchers urge justice 40 years after Franco's death

More than 1,000 people marched through the streets of Madrid on Sunday calling for official recognition of crimes committed during the era of dictator Francisco Franco, 40 years after his death. The protesters want to end an amnesty introduced after Franc
Published 23 Nov, 2015 12:00am
Syria troops advancing thanks to Russia strikes: Assad

Syria troops advancing thanks to Russia strikes: Assad

Syrian government troops are advancing on "nearly every front" thanks to Russian air strikes that began in September, President Bashar al-Assad said in an interview released Sunday. The embattled president also said he favoured new peace talks to be hoste
Published 23 Nov, 2015 12:00am
Nepal police kill two charter protesters

Nepal police kill two charter protesters

Nepali police shot and killed two protesters in separate incidents in the Himalayan nation's restive southern plains as they tried to break up demonstrations against a new constitution, police said on Sunday.
Published 23 Nov, 2015 12:00am
Early season snowstorm coats Midwestern US, affects travel

Early season snowstorm coats Midwestern US, affects travel

A heavy fall snowstorm hit the Midwestern United States on Saturday, blanketing states from South Dakota to Wisconsin with as much as 16 inches (40 cm) of snow, slowing air travel and delaying some events for US presidential candidates.
Published 23 Nov, 2015 12:00am
Colombia pardons 30 jailed FARC guerrillas

Colombia pardons 30 jailed FARC guerrillas

Colombia's government announced Sunday it is granting pardons to 30 jailed members of the FARC as a confidence-building measure in its peace talks with the leftist guerrilla group. The Colombian presidency said the government was acting under its "constit
Published 23 Nov, 2015 12:00am
Iran says sentences Washington Post reporter Rezaian to prison

Iran says sentences Washington Post reporter Rezaian to prison

An Iranian court has sentenced Washington Post reporter Jason Rezaian to a prison term, the state news agency said on Sunday quoting the judiciary spokesman, a case that is a sensitive issue in Washington's contentious relationship with Tehran.
Published 23 Nov, 2015 12:00am
Turkey parliament elects pro-Erdogan lawmaker as new speaker

Turkey parliament elects pro-Erdogan lawmaker as new speaker

Turkey's parliament, dominated by President Recep Tayyip Erdogan's party after its victory in November 1 elections, on Sunday chose a septuagenarian ruling party lawmaker to serve as the new speaker. Justice and Development Party (AKP) veteran MP Ismail K
Published 23 Nov, 2015 12:00am
Personal finance publisher Austin Kiplinger dies

Personal finance publisher Austin Kiplinger dies

Austin Kiplinger, a journalist who took over the financial publishing firm founded by his father and helped create the first magazine devoted to personal finance for US families, has died at age 97, his company said in a statement on Saturday.
Published 23 Nov, 2015 12:00am
Wall Street week ahead: food stocks on the menu for Thanksgiving week

Wall Street week ahead: food stocks on the menu for Thanksgiving week

There are no picky eaters on Thanksgiving - as long as the menu is hormone and antibiotic free, locally grown and convenient. That is the reality for major food producers, including companies reporting earnings next week, as they adapt to a more health-co
Published 23 Nov, 2015 12:00am
New bond scheme seen for Middle East, N. Africa by spring: World Bank

New bond scheme seen for Middle East, N. Africa by spring: World Bank

A new international bond and grant scheme to help countries dealing with the fallout of war and instability in the Middle East and North Africa should be in place by spring, a senior World Bank official said. In a Reuters interview, Hafez Ghanem, the Worl
Published 23 Nov, 2015 12:00am
New bond scheme seen for Middle East, N. Africa by spring: World Bank

New bond scheme seen for Middle East, N. Africa by spring: World Bank

A new international bond and grant scheme to help countries dealing with the fallout of war and instability in the Middle East and North Africa should be in place by spring, a senior World Bank official said. In a Reuters interview, Hafez Ghanem, the Worl
Published 23 Nov, 2015 12:00am
Icahn betting against high yield, sees dollar rising
Currency

Icahn betting against high yield, sees dollar rising

Billionaire activist investor Carl Icahn said he is betting against high-yield bonds, as he sees a bubble among companies that have overborrowed recently, and expects the dollar to keep rallying into next year. Icahn, speaking at the Reuters Global Invest
Published 23 Nov, 2015 12:00am
Icahn betting against high yield, sees dollar rising
Currency

Icahn betting against high yield, sees dollar rising

Billionaire activist investor Carl Icahn said he is betting against high-yield bonds, as he sees a bubble among companies that have overborrowed recently, and expects the dollar to keep rallying into next year. Icahn, speaking at the Reuters Global Invest
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
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
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
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
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
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
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
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
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
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
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