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Print - 2015-12-15
Companies asked to maintain information on websites in Urdu

Companies asked to maintain information on websites in Urdu

The Securities and Exchange Commission of Pakistan (SECP) has directed every public listed company and public unlisted company to maintain necessary information in Urdu language along with English on their websites with effect from January 1, 2016.
Published 15 Dec, 2015 12:00am
Parliamentary body dissatisfied with NTS performance

Parliamentary body dissatisfied with NTS performance

A parliamentary committee on Monday expressed dissatisfaction over the performance of National Testing Services (NTS) and also asked the Establishment Division to check the huge amount it generates and the taxes it pays to the national exchequer. The Stan
Published 15 Dec, 2015 12:00am
Police foil major terror plan

Police foil major terror plan

Police on Monday claimed that they have thwarted a major terror bid in Peshawar by arresting two terrorists and recovering two bombs of 20 kilograms each on early morning here. According to police, they conducted raid in Wali Jan Garhi area of Mathra and
Published 15 Dec, 2015 12:00am
Quality of morning shows criticised

Quality of morning shows criticised

The sub-committee of Senate Standing Committee on Information, Broadcasting and National Heritage on Monday observed that not only the government but also owners of media houses are equally responsible for ensuring safety and welfare of media persons in t
Published 15 Dec, 2015 12:00am
Insurance industry SECP chief solicits comprehensive road-map

Insurance industry SECP chief solicits comprehensive road-map

Chairman, Securities and Exchange Commission of Pakistan (SECP), Zafar Hijazi, has solicited a comprehensive road map for development of a financially sound and a robust insurance industry to play its legitimate role in the economic uplift of the country.
Published 15 Dec, 2015 12:00am
Parliamentary body refers NLC case to NAB for further probe

Parliamentary body refers NLC case to NAB for further probe

A parliamentary panel on Monday referred a case of National Logistic Cell (NLC) to National Accountability Bureau (NAB) for further probe. Sub-Committee of Public Accounts Committee (PAC) was told that NLC spent Rs 85.716 million on import of 86 vehicles
Published 15 Dec, 2015 12:00am
Parliamentary body refers NLC case to NAB for further probe

Parliamentary body refers NLC case to NAB for further probe

A parliamentary panel on Monday referred a case of National Logistic Cell (NLC) to National Accountability Bureau (NAB) for further probe. Sub-Committee of Public Accounts Committee (PAC) was told that NLC spent Rs 85.716 million on import of 86 vehicles
Published 15 Dec, 2015 12:00am
US envoy, KP chief minister discuss challenge of militancy

US envoy, KP chief minister discuss challenge of militancy

US Ambassador David Hale called on KP Chief Minister Pervez Khattak, here on Monday and discussed issues of mutual interest with him. He was accompanied by Peshawar based US Consul General William Martin and other officials of US Embassy. Provincial Minis
Published 15 Dec, 2015 12:00am
CCP holds seminars in Gujrat

CCP holds seminars in Gujrat

The Competition Law prohibits trade associations from indulging into anti-competitive activities such as price fixing etc that distort competition in the market, harm consumers' interests and inflict losses to the national economy; therefore, associations
Published 15 Dec, 2015 12:00am
Ministry warns Wapda: operating life of Gomal Zam Dam on the decline

Ministry warns Wapda: operating life of Gomal Zam Dam on the decline

The Ministry of Planning, Development and Reforms has reportedly warned Water and Power Development Authority (Wapda) that the operating life of the still not operational Gomal Zam Dam is on the decline due to silting, well-informed sources told Busine
Published 15 Dec, 2015 12:00am
Anti-polio drive kicks off in Balochistan

Anti-polio drive kicks off in Balochistan

A three-day anti-polio drive has been launched in as many as 30 districts including Quetta today (Monday). According to details, more than 24 lac children will be administered polio drops by at least 6,463 mobile teams at 783 fixed sites and 311 transit p
Published 15 Dec, 2015 12:00am
Fata reforms: Tribal leaders ask committee to take residents on board

Fata reforms: Tribal leaders ask committee to take residents on board

Tribal leaders have asked the federal government to constitute a parliamentary committee of both Houses to get consensus of locals residing in eight agencies before taking any decision about the future of the Federally Administered Tribal Areas (Fata). Tr
Published 15 Dec, 2015 12:00am
Jalozai Campus of UET Peshawar inaugurated

Jalozai Campus of UET Peshawar inaugurated

KP Governor Sardar Mahtab Ahmed Khan Chief Minister Pervez Khattak inaugurated the Jalozai Campus of University of Engineering & Technology (UET) Peshawar in District Nowshera, here on Monday. Large number of participants including provincial ministers, p
Published 15 Dec, 2015 12:00am
DG Rangers vows to restore peace in Karachi

DG Rangers vows to restore peace in Karachi

Director General Sindh Rangers on Monday pledged to restore peace in Karachi in collaboration with police. Speaking at a ceremony held in connection with Boxing Championship Lyari, once the most troubled neighbourhood of the city, Director General Sindh R
Published 15 Dec, 2015 12:00am
QAT demands extension in Rangers' power

QAT demands extension in Rangers' power

President Qaumi Awami Tehreek (QAT) has alleged that Pakistan People's Party (PPP) led Sindh government was putting the security of Karachi at stake by making the issue of power of Rangers controversial; which needed to be avoided keeping in view its nega
Published 15 Dec, 2015 12:00am
Sindh government urged to extend Rangers' power

Sindh government urged to extend Rangers' power

Hyderabad Chamber of Commerce and Industry (HCCI) urged the Sindh government that the period of special powers of Pakistan Rangers in Karachi should be extended as the law and order situation should not deteriorate again. President HCCI, Goharullah expres
Published 15 Dec, 2015 12:00am
Sindh government creating 'scene' to save Asim: Mirza

Sindh government creating 'scene' to save Asim: Mirza

Former provincial home minister Dr Zulfiqar Mirza on Monday said Sindh government was creating scene pertaining to Rangers' special powers on the instructions of former president Asif Zardari to protect former federal minister Dr Asim Hussain. Talking to
Published 15 Dec, 2015 12:00am
Certifications: stockbrokers defy as ICM sets December 31 deadline

Certifications: stockbrokers defy as ICM sets December 31 deadline

Brokers at Karachi Stock Exchange (KSE) would go in litigation against the Institute of Capital Markets (ICM) which has set December 31 deadline for obtaining the ICM certification through grandfathering. ICM, the country's first securities market institu
Published 15 Dec, 2015 12:00am
Gas leakage claims two lives in Quetta

Gas leakage claims two lives in Quetta

Two persons including a child were killed and nine others received burnt injuries in separate gas leakage mishaps in Quetta on Monday. The temperature in Quetta has dropped to minus one degree due to severe winter condition, forcing the residents to use g
Published 15 Dec, 2015 12:00am
Contempt case: IG Sindh submits another affidavit to SHC

Contempt case: IG Sindh submits another affidavit to SHC

Inspector General of Sindh Police Ghulam Haider Jamali on Monday submitted another affidavit to the Sindh High Court to avoid indictment in the contempt of court case. In his affidavit, Ghulam Haider Jamali requested the court not to indict him in the cas
Published 15 Dec, 2015 12:00am
Justice Sajjad Ali Shah takes oath as CJ SHC

Justice Sajjad Ali Shah takes oath as CJ SHC

Justice Sajjad Ali Shah took oath as Chief Justice of Sindh High Court at a ceremony in Karachi on Monday. Sindh Governor Dr Ishratul Ibad administered the oath. The oath taking ceremony was attended by judges, lawyers, DG Rangers Major General Bilal Akba
Published 15 Dec, 2015 12:00am
Panel of Auditors: SBP to include H A M D & Company firm

Panel of Auditors: SBP to include H A M D & Company firm

The State Bank of Pakistan has decided to include the H A M D & Co Chartered Accountants, Chartered Accountancy firm, in the Panel of Auditors of SBP with immediate effect. According to SBP under category 'C', it will be eligible to conduct audit of banks
Published 15 Dec, 2015 12:00am
Chandio inquires about ailing journalist's health

Chandio inquires about ailing journalist's health

Advisor to Chief Minister Sindh for Information Moula Bux Chandio has said he has been striving hard for resolving the problems of journalists community right from the day one after given the portfolio of Information Ministry Department and he will leave
Published 15 Dec, 2015 12:00am
Businesspeople want Rangers to stay with unfaltered policing powers

Businesspeople want Rangers to stay with unfaltered policing powers

An industrial alliance of seven town associations on Monday called for giving 'unconditional' policing powers to Rangers. They slammed the ruling Pakistan People's Party for holding back the extension orders to cease the law enforcers' actions. "Aborting
Published 15 Dec, 2015 12:00am
PBEA Patron-in chief congratulates Haleem Siddiqui

PBEA Patron-in chief congratulates Haleem Siddiqui

Patron-in-Chief Pakistan Bedwear Exports Association (PBEA), Shabir Ahmed has congratulated former Federal Minister for Communications & Shipping, Captain Haleem A Siddiqui on achieving "Lifetime Achievement Award" at the Lloyd's List Middle East & Indian
Published 15 Dec, 2015 12:00am
Clarification

Clarification

A news item has appeared in Business Recorder of Sunday 13th December in which an impression has been given that the Auditor General of Pakistan has posted his blue-eyed officers as Directors General of Audit. The department of the Auditor General
Published 15 Dec, 2015 12:00am
Holding company must file group's consolidated statements: SECP

Holding company must file group's consolidated statements: SECP

The Securities and Exchange Commission of Pakistan (SECP) has declared that it is mandatory for every holding company, having a subsidiary, to prepare and attach to its financial statements, the consolidated financial statements of the group presented as
Published 15 Dec, 2015 12:00am
Asif opens sapphire wind power project in Jimpir

Asif opens sapphire wind power project in Jimpir

Federal Minister for Water and Power Khawaja Asif on Monday inaugurated the 52.8MW Sapphire Wind Power Project in Jimpir Thatta on Monday. Minister of State Abid Sher was also present on the occasion. Khawaja Asif while congratulating the Sapphire Wind Po
Published 15 Dec, 2015 12:00am
Imran Farooq case: FIA granted 14-day remand of three accused

Imran Farooq case: FIA granted 14-day remand of three accused

Anti Terrorism Court (ATC) Islamabad Monday granted 14-day physical remand of three accused to Federal Investigation Agency, allegedly involved in assassinating former Muttahida Qaumi Movement (MQM) leader Dr Imran Farooq in London. The FIA produced Muazz
Published 15 Dec, 2015 12:00am
FBR clarification

FBR clarification

Federal Board of Revenue rejects news appearing in various Newspapers regarding failure of dialogue held with IMF in Dubai. It has also been reported that the plans to implement the proposed Single Stage Sales Tax have been shelved on the advice of the IM
Published 15 Dec, 2015 12:00am
Parachinar attack condemned

Parachinar attack condemned

Alamdar Students Federation (ASF) has denounced the Sunday attack in Parachinar, and demanded of the government and security institutions to ensure safety and security of the masses. Addressing a news conference at local press club on Monday, ASF presiden
Published 15 Dec, 2015 12:00am
CDWP to approve 21 schemes, including, 2 RLNG projects on December 21

CDWP to approve 21 schemes, including, 2 RLNG projects on December 21

The Central Development Working Party (CDWP) is to approve 21 development projects including two RLNG projects at a cost of Rs 178 billion at a meeting on December 21, 2015. Minister for Planning, Development and Reforms, Ahsan Iqbal will preside over the
Published 15 Dec, 2015 12:00am
Validation of NTNs on database: CEO of PRAL summoned by FTO's office

Validation of NTNs on database: CEO of PRAL summoned by FTO's office

Chief Executive Officer (CEO) of Pakistan Revenue Automation Limited (PRAL) has been summoned by the office of Federal Tax Ombudsman (FTO) for implementation of order to devise a policy to validate all National Tax Numbers (NTN) on the PRAL database throu
Published 15 Dec, 2015 12:00am
On CCP's nod to Pakistan Stock Exchange

On CCP's nod to Pakistan Stock Exchange

While this column supports the formation of Pakistan Stock Exchange (PSE), the Competition Commission's latest order on the PSE did raise a host of questions. Those concerns and CCP's replies to those concerns via email, and our comments thereof have been
Published 15 Dec, 2015 12:00am
On CCP's nod to Pakistan Stock Exchange

On CCP's nod to Pakistan Stock Exchange

While this column supports the formation of Pakistan Stock Exchange (PSE), the Competition Commission's latest order on the PSE did raise a host of questions. Those concerns and CCP's replies to those concerns via email, and our comments thereof have been
Published 15 Dec, 2015 12:00am
US sets drone registration rules, deadline

US sets drone registration rules, deadline

That drone under the Christmas tree? If you are a US resident, you will need to register it by February 19 or face a possible fine. Rules released Monday by the US Federal Aviation Administration require registration of small unmanned aircraft weighing mo
Published 15 Dec, 2015 12:00am
Seven dead in Nepal brick factory collapse

Seven dead in Nepal brick factory collapse

A chimney at a brick factory collapsed in Nepal on Monday, killing seven people and injuring at least 19 others, a local official said. Rescue teams used excavators to dig through the rubble after the 20-foot high chimney collapsed in Nepal's south-easter
Published 15 Dec, 2015 12:00am
Obama warns Islamic State leaders 'you are next'

Obama warns Islamic State leaders 'you are next'

US President Barack Obama voiced renewed determination to destroy the Islamic State group Monday, vowing to win back territory in the Middle East and kill the group's leaders. Sounding a notably more strident tone, Obama said that the United States and it
Published 15 Dec, 2015 12:00am
Lebanon charges Qadhafi's son in decades-old kidnap case

Lebanon charges Qadhafi's son in decades-old kidnap case

Lebanese authorities on Monday charged Hannibal Qadhafi, the high-living son of the late Libyan dictator, with withholding information about a missing Lebanese Shiite cleric, judicial sources told AFP. Qadhafi was kidnapped on Friday by an unknown armed g
Published 15 Dec, 2015 12:00am
China joins European development bank

China joins European development bank

The European Bank for Reconstruction and Development said Monday it had accepted China as a member, handing the world's second biggest economy investment routes into Europe, Africa and Middle East. "China's membership of the EBRD will open up significant
Published 15 Dec, 2015 12:00am
Palestinian rams car into Jerusalem bus stop; shot dead

Palestinian rams car into Jerusalem bus stop; shot dead

A Palestinian attacker drove a car into Israelis at a Jerusalem bus stop on Monday injuring eight people before being shot dead, police and rescue services said. "Terrorist attack at the entrance of Jerusalem minutes ago," police spokesman Micky Rosenfeld
Published 15 Dec, 2015 12:00am
Man sets himself alight in front of Berlusconi's house

Man sets himself alight in front of Berlusconi's house

An Italian set himself on fire Monday in front of the house of former prime minister Silvio Berlusconi and was rushed to hospital in a serious but stable condition, Italian media said. According to AGI news agency, the Sardinian approached the gate of bil
Published 15 Dec, 2015 12:00am
Bangladesh lifts ban on all social media

Bangladesh lifts ban on all social media

Bangladesh has lifted a ban on all social media blocked over security concerns, officials confirmed Monday, as authorities have struggled to quell militant violence and opposition unrest. The removal of the embargo came just hours after the government had
Published 15 Dec, 2015 12:00am
Turkish troops withdrawn from camp near Mosul

Turkish troops withdrawn from camp near Mosul

Turkey withdrew forces Monday from a north Iraq camp where Baghdad said they were deployed without its permission, a move that may help defuse a bitter diplomatic row with Ankara. It was not immediately clear how many soldiers were removed from the camp,
Published 15 Dec, 2015 12:00am
Turkey relaunches EU bid as part of migrant deal

Turkey relaunches EU bid as part of migrant deal

Turkey and the European Union officially launched a new stage in Ankara's long-stalled membership bid on Monday as part of a deal aimed at tackling the migration crisis. Foreign ministers from the 28-member bloc approved a new "chapter", focusing on econo
Published 15 Dec, 2015 12:00am
Clashes in southeast Turkey kill seven; new curfews declared

Clashes in southeast Turkey kill seven; new curfews declared

Seven people were killed in clashes with security forces in Turkey's mainly Kurdish southeast, officials said on Monday, as authorities declared curfews across the restive region. The clashes are the latest in months of violence following the collapse of
Published 15 Dec, 2015 12:00am
Colombia, FARC rebels reach deal on victims

Colombia, FARC rebels reach deal on victims

Colombia's government and FARC guerrillas said Monday they have reached agreement on reparations and justice for victims of their half-century conflict, a key breakthrough in peace talks. Negotiators from both sides confirmed the deal and said details wou
Published 15 Dec, 2015 12:00am
700,000 flee as powerful typhoon slams Philippines

700,000 flee as powerful typhoon slams Philippines

More than 700,000 people in the central Philippines fled to safer areas for fear of giant waves, floods or landslides as Typhoon Melor slammed into the archipelago nation Monday, officials said. Melor crossed the central Burias Island late Monday, with au
Published 15 Dec, 2015 12:00am
US Army lets Sikh captain keep his beard - for now

US Army lets Sikh captain keep his beard - for now

A US Army captain who is Sikh has been granted a rare - albeit temporary - waiver letting him keep his beard and wear a turban while serving, his representatives said Monday. The case of Captain Simratpal Singh comes nearly two years after the Pentagon lo
Published 15 Dec, 2015 12:00am
Barcelona look to twist knife in Japan

Barcelona look to twist knife in Japan

Barcelona were mobbed by Japanese fans on Monday after holding their first training session at the Club World Cup. The European champions, bidding to become the first team to win the competition three times, held a gentle run-out in Yokohama after being g
Published 15 Dec, 2015 12:00am
Kiwis enjoy 122-run win as Sri Lanka fold

Kiwis enjoy 122-run win as Sri Lanka fold

New Zealand secured a 122-run win in the first Test on Monday as Sri Lankan resistance folded with the loss of seven wickets on the final day. New Zealand had set Sri Lanka a formidable 405-run target to win but with sufficient time to get there on a non-
Published 15 Dec, 2015 12:00am
Sri Lanka must move on from Sangakkara era: Mathews

Sri Lanka must move on from Sangakkara era: Mathews

Sri Lanka captain Angelo Mathews believes it is time to stop talking of former batting greats Mahela Jayawardene and Kumar Sangakkara after a 122-run defeat in the first Test against New Zealand. Since Jayawardene stepped down from Test cricket in 2014 an
Published 15 Dec, 2015 12:00am
McCullum puts team ahead of world record

McCullum puts team ahead of world record

New Zealand skipper Brendon McCullum said Monday he put his team ahead of his own ambitions to claim the world record for Test sixes during the first Test against Sri Lanka in Dunedin. He declared his side's second innings once their lead had passed 400 r
Published 15 Dec, 2015 12:00am
United face Midtjylland in Europa League

United face Midtjylland in Europa League

Manchester United face Danish champions Midtjylland in the last 32 of the Europa League after failing to qualify for the Champions League knockout phase. United were one of three English sides in Monday's draw in Nyon, with Liverpool boss Jurgen Klopp set
Published 15 Dec, 2015 12:00am
Qatar 'singled out' for criticism

Qatar 'singled out' for criticism

Qatar has been unfairly "singled out" for criticism the 2022 World Cup committee chief said Monday, adding that no labourer has died during more than 14 million man-hours of work on tournament venues. In a robust defence of Qatar's position, Hassan Al-Tha
Published 15 Dec, 2015 12:00am
Sri Lankan rupee hits record low
Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee hit a record low on Monday due to dollar demand from importers and for dividend payouts by multinational firms, dealers said. The rupee fell 0.35 percent to 143.65 per dollar during the day, extending its decline from the previous rec
Published 15 Dec, 2015 12:00am
Sterling sinks to seven-week low versus euro
Currency

Sterling sinks to seven-week low versus euro

Sterling fell to a 7-week low against a resurgent euro on Monday, signs the government may not get its way in talks with European partners before next year's vote on leaving the EU adding to political nerves going into 2016. Bank of England Deputy Governo
Published 15 Dec, 2015 12:00am
Yuan hits 4-1/2-year low
Currency

Yuan hits 4-1/2-year low

China's yuan closed at its weakest level since July 2011 on Monday, after the central bank said it had begun publishing a yuan exchange rate weighted against a basket of currencies, a move that will eventually loosen the currency's link to the greenback.
Published 15 Dec, 2015 12:00am
Emerging Asian currencies down, Fed jitters grow
Currency

Emerging Asian currencies down, Fed jitters grow

Emerging Asian currencies fell on Monday as China's yuan hit a 4-1/2-year low and regional stock markets fell on growing nervousness ahead of an expected interest rate hike this week by the US Federal Reserve. The yuan lost as much as 0.2 percent to 6.466
Published 15 Dec, 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. 78.80-78.87 (previous 78.87-78.90). 02.00-04.50 percent (Previous 01.25-04.50 percent).
Published 15 Dec, 2015 12:00am
Oil price slide drives C$ to 11-1/2-year low in Europe
Currency

Oil price slide drives C$ to 11-1/2-year low in Europe

Oil-rich Canada's dollar hit an 11-1/2-year trough against its US counterpart on Monday as oil prices slid to seven-year lows, while the Swiss franc and yen were boosted as investors sought out safe havens. As brent crude fell below $37 a barrel on growin
Published 15 Dec, 2015 12:00am
Early trade in New York: Dollar falls against majors

Early trade in New York: Dollar falls against majors

The dollar edged lower against major currencies on Monday on worries that heightened market volatility caused by an oil price slump and turmoil in credit markets could limit the number of US interest rate hikes and dampen the greenback's allure. The dolla
Published 15 Dec, 2015 12:00am
Dollar index edges up in Asia
Currency

Dollar index edges up in Asia

The dollar edged higher against a basket of currencies in Asian trade on Monday with major currencies rangebound ahead of this week's US Federal Reserve meeting, while China's yuan depreciated further after the country's central bank said it has also begu
Published 15 Dec, 2015 12:00am
Aussie falls, kiwi rally pauses
Currency

Aussie falls, kiwi rally pauses

The Australian dollar hovered near a one-month low against its US counterpart and yen on Monday, with investors wary of the Chinese yuan, given its recent weakness. The New Zealand dollar was in consolidation mode, having bounced 3.2 percent last week. Th
Published 15 Dec, 2015 12:00am
European shares fall to lowest since October as oil prices plunge

European shares fall to lowest since October as oil prices plunge

European shares fell to a 2 1/2-month low on Monday as Brent crude oil prices dropped to their lowest since 2008. Brent sank below $37 a barrel for the first time since December 2008, amid expectations that a glut in oil supplies would grow in the months
Published 15 Dec, 2015 12:00am
Australian shares near 2015 trough

Australian shares near 2015 trough

Australian shares came within a whisker of their 2015 trough on Monday, in line with a rout in the region, as falling oil prices and worries that US interest rates will be hiked this week unsettled the market. The S&P/ASX 200 index shed 2.01 percent, or 1
Published 15 Dec, 2015 12:00am
Bond yields rise as Fed overshadows French, Spanish elections

Bond yields rise as Fed overshadows French, Spanish elections

Eurozone bond yields rose on Monday, as investors ignored political shifts in France and Spain and lightened positions at the start of a week that may see the first Federal Reserve rate increase in nearly a decade. French elections on Sunday and Spanish e
Published 15 Dec, 2015 12:00am
Bond yields rise as Fed overshadows French, Spanish elections

Bond yields rise as Fed overshadows French, Spanish elections

Eurozone bond yields rose on Monday, as investors ignored political shifts in France and Spain and lightened positions at the start of a week that may see the first Federal Reserve rate increase in nearly a decade. French elections on Sunday and Spanish e
Published 15 Dec, 2015 12:00am
FTSE falls as cheaper commodities weigh on oil, mining shares
Currency

FTSE falls as cheaper commodities weigh on oil, mining shares

Britain's top stock index touched 10-week lows on Monday, pulled lower by a drop in oil and mining shares as commodity prices continued to fall. The prices of key metals, including copper and gold, fell as the dollar rose. The price of crude neared levels
Published 15 Dec, 2015 12:00am
Shanghai stocks post best day in a month

Shanghai stocks post best day in a month

Shanghai stocks jumped more than 2 percent on Monday in their best session in a month, as stronger-than-expected November factory activity lifted sentiment without dashing hopes of fresh stimulus. But stocks linked to Chinese conglomerate Fosun Group slum
Published 15 Dec, 2015 12:00am
Hong Kong's main share index falls

Hong Kong's main share index falls

Hong Kong's benchmark stock index fell for the eighth straight session to a more than 2-month low on Monday, as investors braced for possibly higher US interest rates later this week. But the gauge managed to erase much of its earlier loss after a strong
Published 15 Dec, 2015 12:00am
Indian stocks higher

Indian stocks higher

Indian shares ended higher on Monday after touching a more than three-month low earlier in the session as private banks recovered from recent losses, but sentiment was muted ahead of the US Federal Reserve meeting later this week. The broader NSE index en
Published 15 Dec, 2015 12:00am
Most South East Asian stocks slip

Most South East Asian stocks slip

Most Southeast Asian stock markets fell on Monday, with key stock indexes in Thailand, Singapore and Malaysia suffering a fifth straight session of losses, as investors remained cautious over the US interest rate outlook and amid weak global oil market. T
Published 15 Dec, 2015 12:00am
Sri Lankan shares down

Sri Lankan shares down

The Sri Lankan share index fell to its lowest close in more than eight months on Monday led by bluechips and large-cap stocks as investors turned cautious ahead of an interest rate decision by the US Federal Reserve and holidays next week. The main stock
Published 15 Dec, 2015 12:00am
Tokyo stocks tumble in global sell-off
Currency

Tokyo stocks tumble in global sell-off

Tokyo stocks tumbled Monday as exporters took a hit from the stronger yen, extending a global equities sell-off ahead of this week's hotly anticipated Federal Reserve policy meeting. The US central bank is expected to give the go-ahead to a small increase
Published 15 Dec, 2015 12:00am
Oil slump deepens Saudi gloom; Gulf, Egypt bourses mixed
Currency

Oil slump deepens Saudi gloom; Gulf, Egypt bourses mixed

Saudi Arabia's bourse slid in the last hour of trade on Monday to end lower for a third session as crude prices extended a slump, while markets in Egypt, Qatar and the United Arab Emirates made slight rebounds following sustained declines. Brent prices tu
Published 15 Dec, 2015 12:00am
ECB will reach inflation target without undue delay: Draghi

ECB will reach inflation target without undue delay: Draghi

The European Central Bank should reach its inflation target "without undue delay" after easing its policy this month, and there are no limits to what it can do to stimulate price growth if necessary, its president said on Monday. With inflation hovering j
Published 15 Dec, 2015 12:00am
Eurozone industrial output rises

Eurozone industrial output rises

Eurozone industrial production increased by more than expected in October, mainly thanks to an improved output of capital and durable consumer goods, such as refrigerators or cars, the European Union's statistics office said on Monday. Eurostat data showe
Published 15 Dec, 2015 12:00am
Bangladesh inflation eases

Bangladesh inflation eases

Bangladesh's annual inflation in November eased to its lowest since January as prices of food and non-food items rose at a slower pace due to a drop in global commodities prices. Consumer prices last month rose 6.05 percent from a year earlier, slowing fr
Published 15 Dec, 2015 12:00am
Argentina axes controversial tax on grain exports
Currency

Argentina axes controversial tax on grain exports

Argentina's new pro-business president, Mauricio Macri, announced large tax cuts on agricultural exports Monday, fulfilling a key campaign pledge but raising fears of grain and soybean gluts on world markets. Macri, who took office Thursday, had promised
Published 15 Dec, 2015 12:00am
Shell sees more job cuts

Shell sees more job cuts

Royal Dutch Shell expects to slash thousands more jobs to save costs if its take-over of BG Group goes through as planned early next year following a final green light from China. The acquisition, which was announced on April 8 and is biggest in the secto
Published 15 Dec, 2015 12:00am
South Africa seeks to repair damage after finance fiasco
Currency

South Africa seeks to repair damage after finance fiasco

South Africa's new Finance Minister Pravin Gordhan vowed Monday to stabilise the economy after his predecessor lasted just four days in the job in a political drama that highlighted the country's mounting woes. The tumult since last week triggered a colla
Published 15 Dec, 2015 12:00am
China drives global patent applications to new high

China drives global patent applications to new high

China accounted for nearly a third of the world's patent applications last year, once again driving strong global growth, despite a sharp decrease in industrial design filings, the UN said Monday. Some 2.7 million patent applications were filed world-wide
Published 15 Dec, 2015 12:00am
India's retail inflation hits 14-month high

India's retail inflation hits 14-month high

India's retail inflation accelerated to a 14-month high in November, driven up by higher food prices, underscoring the challenge the central bank faces in meeting its medium-term inflation target. The consumer price index (CPI), which the central bank clo
Published 15 Dec, 2015 12:00am
UAE, China set up $10 billion joint strategic investment fund

UAE, China set up $10 billion joint strategic investment fund

The United Arab Emirates and China have established a joint strategic investment fund worth $10 billion, the UAE's state news agency reported, as China pursues its ambition to rebuild Silk Road trade routes. The agreement was clinched during a three-day v
Published 15 Dec, 2015 12:00am
UAE, China set up $10 billion joint strategic investment fund

UAE, China set up $10 billion joint strategic investment fund

The United Arab Emirates and China have established a joint strategic investment fund worth $10 billion, the UAE's state news agency reported, as China pursues its ambition to rebuild Silk Road trade routes. The agreement was clinched during a three-day v
Published 15 Dec, 2015 12:00am
China says it will keep 2016 economic growth in 'reasonable' range

China says it will keep 2016 economic growth in 'reasonable' range

Chinese leaders, meeting ahead of an agenda-setting conference, pledged on Monday to keep the country's economic growth in a "reasonable range" in 2016 by expanding domestic demand and making supply-side improvements. The pledge was reported by the offici
Published 15 Dec, 2015 12:00am
Lithuania launches power lines cutting reliance on Russia

Lithuania launches power lines cutting reliance on Russia

Lithuania on Monday introduced new power lines to Sweden and Poland connecting the EU-member Baltic states to the western energy market while reducing their dependence on imports from Russia. Vilnius hopes its new 700-megawatt undersea power link to Swede
Published 15 Dec, 2015 12:00am
Japan business confidence flat: BoJ

Japan business confidence flat: BoJ

Japan's biggest manufacturers were in a cautious mood during the last quarter of the year, a central bank survey showed Monday, despite a modest pick-up in the world's number three economy. The Bank of Japan's closely-watched Tankan report showed confiden
Published 15 Dec, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 287,834 tonnes of cargo comprising 198,214 tonnes of import cargo and 89,620 tonnes of export cargo including 6,590 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 198
Published 15 Dec, 2015 12:00am
Paris wheat futures ease near two-month low

Paris wheat futures ease near two-month low

Paris wheat futures eased on Friday to stay close to a 2-1/2 month low, as weaker US prices and a stronger euro added to a bearish context of swelling global supplies of wheat. Movements were limited, however, as benchmark prices held chart support, with
Published 15 Dec, 2015 12:00am
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