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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-11
Message from Managing Director Pakistan Stock Exchange Limited
Exchange

Message from Managing Director Pakistan Stock Exchange Limited

I congratulate everyone involved in turning the vision of a single, integrated capital market into reality. The desire and indeed, the need for such a single securities market had been there for quite some time but it needed the vision and will of leaders
Published 11 Jan, 2016 12:00am
Message from Chairman Pakistan Stock Exchange Limited
Exchange

Message from Chairman Pakistan Stock Exchange Limited

It is with great excitement that I see the integration of the three stock exchanges of Pakistan into a single, unified Pakistan Stock Exchange (PSX). My congratulations to the members of Islamabad, Karachi and Lahore stock exchanges who have come together
Published 11 Jan, 2016 12:00am
Message from Prime Minister Islamic Republic of Pakistan
Exchange

Message from Prime Minister Islamic Republic of Pakistan

It is a source of immense pleasure that Pakistan is entering into a new era of opportunities with the launch of Pakistan Stock Exchange (PSX). I extend my warmest congratulations to all the stakeholders of Pakistani capital market, as well as the entire n
Published 11 Jan, 2016 12:00am
Young doctors at JPMC waiting for stipends

Young doctors at JPMC waiting for stipends

Young Doctors Association of Jinnah Post Graduate Medical Center here on Sunday announced to resort to protest, including provision for "no work" as have not been paid their stipends for past several months. Doctors to media, they said house officers have
Published 11 Jan, 2016 12:00am
People get relief due to reduced prices of food items

People get relief due to reduced prices of food items

Inflation-hit people heaved sigh of relief due to slight downward trend in prices of essential food commodities in Peshawar. Prices were reduced due to supply of eatables at reasonable prices in market, for which authorities take credit.
Published 11 Jan, 2016 12:00am
Special function arranged to pay tributes to APS martyrs

Special function arranged to pay tributes to APS martyrs

A special ceremony was arranged here to pay tributes to the students and staff members, who lost lives in the gruesome attack on the Army Public School in Peshawar on December 16, 2014. The function was arranged by the Gandhara Hindko Board at the Gandhar
Published 11 Jan, 2016 12:00am
Indian girl seeks extension in visa

Indian girl seeks extension in visa

An Indian girl that had married a resident of Kalam, district Swat has only three days in the expiry of her Pakistani visa. The Pakistani youth and the Indian girl have become friends on Facebook, a social media network have submitted an application for e
Published 11 Jan, 2016 12:00am
Recruitments: KP PA panel voices opposition to interview marks

Recruitments: KP PA panel voices opposition to interview marks

Khyber Pakhtunkhwa Assembly Standing Committee on Elementary and Secondary Education Department has called for the abolition of the marks of interview for recruitment to prevent injustice with applicants in future.
Published 11 Jan, 2016 12:00am
Industrial Estates: online labour inspection completed

Industrial Estates: online labour inspection completed

Punjab Labour & Human Resource Department has successfully completed online labour inspection of 1214 units of all the Industrial Estates of the province as it was directed by Chief Minister Punjab, Muhammad Shahbaz Sharif after the mishap of the collapse
Published 11 Jan, 2016 12:00am
Economic corridor and China's honest advice

Economic corridor and China's honest advice

This is apropos a news item "Bickering over CPEC: China issues brutally honest advice" carried by Business Recorder yesterday. According to it, "China hoped that the relevant parties in Pakistan could strengthen communication and co-ordination on t
Published 11 Jan, 2016 12:00am
Euro zone showing signs of recovery

Euro zone showing signs of recovery

Moribund. Decrepit. Sclerotic. Popular words to describe the economy shared by the 19 countries of the euro zone - but perhaps no longer apt.
Published 11 Jan, 2016 12:00am
Yet another tax amnesty scheme

Yet another tax amnesty scheme

Yet another tax amnesty scheme has been announced and this time too by Prime Minister Nawaz Sharif though few had any doubts about precisely who the real architect was: Federal Finance Minister Ishaq Dar.
Published 11 Jan, 2016 12:00am
Deterioration in banking indicators

Deterioration in banking indicators

The targets set by the State Bank for government borrowings through the sale of Pakistan Investment Bonds (PIBs), treasury bills (T-bills) and Ijara Sukuk (Islamic bonds) for the third quarter of FY16 speak loudly about the expected state of fiscal defici
Published 11 Jan, 2016 12:00am
Growth in customs duty

Growth in customs duty

The recently announced mini-budget designed to overcome the 40 billion rupee shortfall in the first quarter of the current fiscal year included an increase in customs duty on 350 imported items by one percent, regulatory duty from 5 to 10 percent on 61 it
Published 11 Jan, 2016 12:00am
'Punjab provides training in 200 trades'

'Punjab provides training in 200 trades'

The Punjab Government was providing training in 200 trades to more than 5000 individuals with the financial assistance of World Bank, said Muhammad Zuhaib Haq while delivering his lecture on training programme and he briefed the representatives of Industr
Published 11 Jan, 2016 12:00am
PM urged to notify reduction in electricity tariff

PM urged to notify reduction in electricity tariff

Prime Minister should notify the reduction of Rs 3 /unit in electricity tariff early as possible, said former Punjab Minister for Industries and ex-President of MCCI and ex-Chairman of APBUMA Khawaja Jalaluddin Roomi.
Published 11 Jan, 2016 12:00am
SMEs can double size of GDP: MCCI

SMEs can double size of GDP: MCCI

The Multan Chamber of Commerce & Industry (MCCI) has said that Small and Medium Enterprises (SMEs) can double the national GDP if proper attention was paid to this critical sector. Comprehensive and holistic SME strategy, special incentives, improved focu
Published 11 Jan, 2016 12:00am
'JI never supports violence'

'JI never supports violence'

Deputy Chief of the Jamat-e-Islami, Pakistan, Hafiz Muhammad Idrees, has said that the JI had never been a party to violence and it believed that the life of every human being irrespective of his/ her religion, was sacred.
Published 11 Jan, 2016 12:00am
'Women on Wheels' project launched

'Women on Wheels' project launched

Women on Wheels project was launched here on Sunday with a motorcycle rally of women on historical Mall Road of Lahore. 150 women motorcyclists completing training with the collaboration of Special Monitoring Unit on Law & Order and City Traffic Police, u
Published 11 Jan, 2016 12:00am
CM for transferring record of weapons to modern database system

CM for transferring record of weapons to modern database system

Chief Minister Punjab Mian Shahbaz Sharif has directed relevant officials on Sunday to adopt immediate measures for transferring the record of weapons to the modern database system. He said this after visiting Punjab Forensic Science Agency (FSA) and pres
Published 11 Jan, 2016 12:00am
IT exports can easily touch $3 billion mark: PSW
Exchange

IT exports can easily touch $3 billion mark: PSW

President Society Watch Khalid Mahmoud on Sunday said IT exports can be increased to three billion dollars per annum easily which requires some attention of the authorities. Currently documented exports stands at $500 million while undocumented exports ha
Published 11 Jan, 2016 12:00am
Corrupt people can't ensure accountability: Monnoo Bhai

Corrupt people can't ensure accountability: Monnoo Bhai

Corrupts in power can't ensure accountability. Pakistani nation again and again expects good results from those who deceived in the past. Every citizen should know that positive change is not happened by just wishing it but it can be achieved through a to
Published 11 Jan, 2016 12:00am
Shujaat for greater consensus on CPEC

Shujaat for greater consensus on CPEC

Pakistan Muslim League-Quaid-e-Azam (PMLQ) President Chaudhry Shujaat Hussain has said on Sunday that it was not possible that the route of the CPEC project could be changed according to desires of all politicians.
Published 11 Jan, 2016 12:00am
PML-N government has no programme for poor, unemployed: Bilawal

PML-N government has no programme for poor, unemployed: Bilawal

Castigating the PML_N -led government, PPP Co-Chairman Bilawal Bhutto Zardari has said it has not launched a single programme for the welfare of the poor people and creation of jobs for the unemployed youth of country.
Published 11 Jan, 2016 12:00am
Punjab to create Riot Police on pattern of Istanbul Police

Punjab to create Riot Police on pattern of Istanbul Police

A delegation of Turkish National Police met Chief Minister Punjab Muhammad Shahbaz Sharif here Sunday in which decision to create Riot Unit on the pattern of Istanbul police was taken. This unit would be trained by Turkish police, its members getting trai
Published 11 Jan, 2016 12:00am
LGH to award first Asma Kanwal Shaheed Gold Medal

LGH to award first Asma Kanwal Shaheed Gold Medal

Lahore General Hospital Administration has decided to award first Asma Kanwal Shaheed Gold Medal to first position holder student of the Nursing School LGH, Shahr Banu who was also the class fellow of Asma Kanwal during 2nd year. Shahr Banu has also attai
Published 11 Jan, 2016 12:00am
Sanaullah says he doesn't want to respond to Chaudhry Sher Ali

Sanaullah says he doesn't want to respond to Chaudhry Sher Ali

Punjab Law Minister Rana Sanaullah on Sunday termed his arch rival in Pakistan Muslim League-Nawaz (PML-N) Chaudhry Sher Ali 'mad' and said that he did not want to respond to his allegations. Speaking to media persons about the strong statements Pakistan
Published 11 Jan, 2016 12:00am
Taimur clinches Asghar Khan Amateur Golf championship

Taimur clinches Asghar Khan Amateur Golf championship

International Taimur Naseer clinched the trophy of the Air Marshal Asghar Khan National Amateur Golf Championship with his gross six under 210 over 54-holes here at PAF Golf Course on Sunday.
Published 11 Jan, 2016 12:00am
Ton-up Salman, Asif in winning return after fixing ban

Ton-up Salman, Asif in winning return after fixing ban

Pakistan's former skipper Salman Butt smashed a century while left-armer Mohammad Asif picked up two wickets in their victorious joint return to domestic cricket on Sunday, months after they completed five-year bans for spot-fixing.
Published 11 Jan, 2016 12:00am
Polo'd' Sufi take polo cup title

Polo'd' Sufi take polo cup title

Man-of-the-final Hamza Mawaz Khan led Polo'd' Sufi to Diamond Paints Pakistan Polo Cup 2016 title as they thrashed Master Paints/Newage 11-4 in the jam-packed final played here at the Lahore Polo Club (LPC) ground on Sunday. Hamza Mawaz Khan and Ahmed Ali
Published 11 Jan, 2016 12:00am
Wawrinka wins title

Wawrinka wins title

World number four Stan Wawrinka cruised past Croatian teenager Borna Coric 6-3 7-5 to claim his third successive Chennai Open title on Sunday. The top-seeded Swiss defeated the 19-year-old Coric, the youngest ATP World Tour finalist since Kei Nishikori at
Published 11 Jan, 2016 12:00am
Guptill, Munro help NZ win series against Sri Lanka

Guptill, Munro help NZ win series against Sri Lanka

New Zealand blitzed the second Twenty20 against Sri Lanka in Auckland on Sunday with a whirlwind display by Martin Guptill and Colin Munro to set up a nine-wicket win. Munro brought up the winning runs with a six to be unbeaten on 50 after 14 balls, the s
Published 11 Jan, 2016 12:00am
Dutch Prime Minister says will push for 'yes' in Ukraine vote

Dutch Prime Minister says will push for 'yes' in Ukraine vote

Dutch Prime Minister Mark Rutte said he would argue for a "yes" vote in an upcoming referendum on a treaty on closer ties between the European Union and Ukraine which threatens to overshadow his presidency of the 28-member bloc. Rutte's remarks came a day
Published 11 Jan, 2016 12:00am
Nepal district chief wins 'Integrity Idol'

Nepal district chief wins 'Integrity Idol'

Nepali bureaucrat Pradip Raj Kandel on Sunday clinched the title of Integrity Idol, a television talent show-styled initiative that awards honest civil servants. The contest, in its second year, saw over 50,000 people cast their votes via text message and
Published 11 Jan, 2016 12:00am
Two dead as firefighters battle huge Australia bushfire

Two dead as firefighters battle huge Australia bushfire

Two people have died and more than a hundred homes have been destroyed in a huge bushfire, Australian authorities said Sunday, as firefighters battled to tame the out-of-control blaze. The inferno - which has razed about 71,000 hectares (175,000 acres) in
Published 11 Jan, 2016 12:00am
British parents set to be offered lessons on child-rearing

British parents set to be offered lessons on child-rearing

All British parents will be encouraged to take government-run parenting classes under plans due to be announced by Prime Minister David Cameron, The Observer reported Sunday. A previous scheme to educate parents from under-privileged backgrounds after the
Published 11 Jan, 2016 12:00am
As foreign crises pile up, Obama seen taking few risks in final year

As foreign crises pile up, Obama seen taking few risks in final year

As Barack Obama prepares to deliver his final State of the Union address on Tuesday night, the US president and his aides have insisted he will not be content simply to run out the clock on foreign policy and is acting decisively to tackle crises piling u
Published 11 Jan, 2016 12:00am
How the oil collapse stole Russia's holidays
Currency

How the oil collapse stole Russia's holidays

A plunge in the oil price to 12-year lows during Russia's New Year and Orthodox Christmas break means the country returns to work on Monday with its economic recovery and once-mighty savings war chest on the line. The equity and currency turmoil in China
Published 11 Jan, 2016 12:00am
Turkish central bank raises maximum forex collateral ratio

Turkish central bank raises maximum forex collateral ratio

Turkey's central bank will next week increase the amount of foreign-denominated collateral banks can pledge against borrowing in the interbank market, it said on Sunday. The maximum ratio of forex collateral will rise to 70 percent from 50 percent from Ja
Published 11 Jan, 2016 12:00am
China says pushing for unified property registration by year-end

China says pushing for unified property registration by year-end

China will push for a unified real estate registration system in all cities and counties by the end of the year, state media said on Sunday, seen as a major step in the fight against corruption. China's plan for a nation-wide property database, once haile
Published 11 Jan, 2016 12:00am
Economic growth in Azerbaijan slows to one percent in 2015
Currency

Economic growth in Azerbaijan slows to one percent in 2015

Azerbaijan's economic growth slowed to 1 percent last year from 2.8 percent in 2014, well below official forecasts, due to low oil prices and the devaluation of the national manat currency, the country's president said on Sunday. The country had forecast
Published 11 Jan, 2016 12:00am
Core inflation rate eases
Currency

Core inflation rate eases

Egypt's urban consumer price inflation was steady at 11.1 percent in December, unchanged from the previous month, while its core inflation eased to 7.23 percent, the central bank and the state's official statistics agency CAPMAS said on Sunday. Core infla
Published 11 Jan, 2016 12:00am
Rwanda's inflation down

Rwanda's inflation down

Rwanda's year-on-year inflation eased to 4.5 percent in December from 4.8 percent in the previous month, its statistics office said on Sunday. The urban rate of inflation was -0.5 percent on a monthly basis, the National Institute of Statistics of Rwanda
Published 11 Jan, 2016 12:00am
Saudi Aramco would sell downstream operations, not upstream

Saudi Aramco would sell downstream operations, not upstream

Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramco, sources familiar with official thinking said.
Published 11 Jan, 2016 12:00am
Saudi Aramco would sell downstream operations, not upstream

Saudi Aramco would sell downstream operations, not upstream

Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramco, sources familiar with official thinking said.
Published 11 Jan, 2016 12:00am
Tesla curbs autopilot functionality in Model S cars

Tesla curbs autopilot functionality in Model S cars

Tesla Motors said on Sunday it was updating the Autopilot driving systems in Model S sedans to put new limits on its hands-free operation, which has been both praised for its innovation while criticized for having been launched too early.
Published 11 Jan, 2016 12:00am
France's Louis Vuitton sues counterfeit online sellers in China

France's Louis Vuitton sues counterfeit online sellers in China

French luxury goods firm Louis Vuitton is seeking damages from three people convicted of offering counterfeit versions of its clothing, shoes and handbags on Alibaba Group Holding Ltd's popular Taobao shopping website, a Beijing court said.
Published 11 Jan, 2016 12:00am
Iraq bans poultry imports from 24 countries over avian flu threat

Iraq bans poultry imports from 24 countries over avian flu threat

Iraq has extended a ban on imports of frozen and live poultry products to cover two dozen countries, including China and South Africa, the government said on Sunday. Baghdad last month restricted poultry imports from France, where an outbreak of avian flu
Published 11 Jan, 2016 12:00am
Drought, heat slash grain crops: study

Drought, heat slash grain crops: study

Drought and heatwaves depleted grain harvests by 10 percent from 1964 to 2007, with sharper losses in the latter two decades and rich nations, reports a study released on January 06. The first global overview of how extreme weather disasters affect grain
Published 11 Jan, 2016 12:00am
Bigger studies needed to know cancer screening saves lives

Bigger studies needed to know cancer screening saves lives

Bigger studies are needed to tell whether cancer screening really saves lives, according to a new analysis. While cancer screening may be linked to fewer deaths from tumors, finding cancers doesn't necessarily save lives when fatalities from all causes ar
Published 11 Jan, 2016 12:00am
Climate change could cut global electricity output by disrupting water

Climate change could cut global electricity output by disrupting water

Climate change could lead to significant declines in electricity production in coming decades as water resources are disrupted, said a study published on January 04. Hydropower stations and thermoelectric plants, which depend on water to generate energy,
Published 11 Jan, 2016 12:00am
El Nino may return to 'ENSO Neutral' by Q2 of this year

El Nino may return to 'ENSO Neutral' by Q2 of this year

The 2015-16 El Nino weather event, one of the three strongest in the past 50 years, has peaked in recent weeks and will likely return to "ENSO Neutral" by the second quarter of this year, Australia's Bureau of Meteorology (BOM) said on Tuesday.
Published 11 Jan, 2016 12:00am
Blood plasma from Ebola survivors fails to prevent deaths

Blood plasma from Ebola survivors fails to prevent deaths

Treating Ebola victims with blood plasma donated by Ebola survivors failed to significantly increase the odds of recovering from the deadly virus, according to a field test of the experimental treatment.
Published 11 Jan, 2016 12:00am
Studies find reducing sugary drinks cuts calories, but only a few

Studies find reducing sugary drinks cuts calories, but only a few

Studies from Britain and Mexico suggest reducing sugar in sweetened drinks or taxing it more to cut consumption can help people limit their calorie intake and lower their risk of developing diabetes, but not by much. Two separate pieces of research publis
Published 11 Jan, 2016 12:00am
Volkswagen launches 'smart' electric revamp of minivan

Volkswagen launches 'smart' electric revamp of minivan

Meet the revamped Volkswagen Kombi. Once a hippie favourite, the minivan has been transformed into an electric, connected vehicle of the future. BUDD-e, unveiled late Tuesday in Las Vegas, is "a new concept for long-distance electric vehicles," explained
Published 11 Jan, 2016 12:00am
Radiation agency offers five tips to weaken signals from phones

Radiation agency offers five tips to weaken signals from phones

Mobile devices have to emit electromagnetic signals to communicate, which is useful to everybody, but it is also a source of concern for some users who worry the radiation may harm them. It's hard to live without mobile devices in today's world, so German
Published 11 Jan, 2016 12:00am
Tweets too short? Twitter mulling 10,000 characters

Tweets too short? Twitter mulling 10,000 characters

Twitter's 140 character limit on tweets has long frustrated and challenged its most verbose users. Now the company could offer a solution, according to tech news website re/code: the 10,000 character tweet, which could be available as soon as March.
Published 11 Jan, 2016 12:00am
App usage soars as smartphones take hold

App usage soars as smartphones take hold

Global app usage soared in 2015 as a growing base of smartphone users found new ways to use their devices, a study showed Tuesday. The survey by Yahoo-owned analytics firm Flurry found app usage on mobile devices jumped 58 percent last year, cooling sligh
Published 11 Jan, 2016 12:00am
New wave in tech: hacking the brain

New wave in tech: hacking the brain

The next frontier for the tech sector is the human brain. A new breed of neuro-hacker is finding ways to capture and manipulate brainwaves to improve health, with potential to help the severely handicapped.
Published 11 Jan, 2016 12:00am
Huawei targets premium segment with new phone, watch

Huawei targets premium segment with new phone, watch

Chinese electronics giant Huawei took aim Tuesday at the premium segment dominated by Apple, unveiling a new large-screen smartphone along with a tablet and luxury smartwatch. As it unveiled its latest flagship smartphone called the Mate 8 at the Consumer
Published 11 Jan, 2016 12:00am
German tests show: Many Mac virus scanners slow down a system

German tests show: Many Mac virus scanners slow down a system

Malware also attacks Macs, even though such viruses are much rarer than for Windows PCs, so having a virus scanner operating on an Apple computer makes sense. But users should be aware that most protection programmes drastically slow down Macs, according
Published 11 Jan, 2016 12:00am
Older software runs on Windows 10 thanks to Compatibility Mode

Older software runs on Windows 10 thanks to Compatibility Mode

Even though most software manuals may say otherwise, most older programmes or games designed for Windows 7 or 8 can also be run on Windows 10, thanks to a trick that is not widely enough known. This is possible through the Compatibility Mode of the new Mi
Published 11 Jan, 2016 12:00am
German magazine says: Combination of SSD & HD makes optimal solution

German magazine says: Combination of SSD & HD makes optimal solution

If you can build things with Lego, then you can also upgrade a desktop computer, since most PCs are put together in module form. Germany's PC Magazin writes that if a computer is getting up there in age, swapping the spinning disk drives for a fast SSD me
Published 11 Jan, 2016 12:00am
Oman's Bank Dhofar closes $250m three-year loan
Currency

Oman's Bank Dhofar closes $250m three-year loan

Oman's Bank Dhofar has raised a $250 million three-year loan to be used for general funding, sources aware of the matter told Reuters on January 05. The lender joins a number of Gulf banks that have tapped the loan market in recent weeks to bolster their
Published 11 Jan, 2016 12:00am
J&J seeking to divest manufacturing unit Noramco

J&J seeking to divest manufacturing unit Noramco

Johnson and Johnson is seeking to sell its manufacturer of active pharmaceutical ingredients, Noramco, in a move that could value the division at as much as $800 million, according to people familiar with the matter. Noramco is attracting interest primari
Published 11 Jan, 2016 12:00am
Lloyds appoints new head of bond syndicate

Lloyds appoints new head of bond syndicate

Lloyds Bank has appointed Keval Shah as head of bond syndicate within its capital markets division, according to a source with knowledge of the matter. Shah, a managing director, joined Lloyds in 2013 from Citigroup to run financial and corporate syndicat
Published 11 Jan, 2016 12:00am
Lloyds appoints new head of bond syndicate

Lloyds appoints new head of bond syndicate

Lloyds Bank has appointed Keval Shah as head of bond syndicate within its capital markets division, according to a source with knowledge of the matter. Shah, a managing director, joined Lloyds in 2013 from Citigroup to run financial and corporate syndicat
Published 11 Jan, 2016 12:00am
Weather dominates insurance claims in 2015: Munich Re

Weather dominates insurance claims in 2015: Munich Re

Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich Re showed on January 04.
Published 11 Jan, 2016 12:00am
Morgan Stanley names Kelleher president; Fleming departs

Morgan Stanley names Kelleher president; Fleming departs

Morgan Stanley on January 06 promoted its investment banking chief, Colm Kelleher, to president, making him the heir apparent to current Chief Executive James Gorman, and prompting Greg Fleming, the head of wealth management, to depart.
Published 11 Jan, 2016 12:00am
China bans prepaid card provider

China bans prepaid card provider

China's central bank on January 07 said it had revoked the license of a prepaid card provider and vowed to crack down on non-bank financial institutions that violated the law. The People's Bank of China (PBOC) said on its website it had ordered Shanghai C
Published 11 Jan, 2016 12:00am
Dassault says Falcon business jet orders dive in 2015

Dassault says Falcon business jet orders dive in 2015

Dassault Aviation said on January 05 that orders for its Falcon business jet tumbled last year, which the French aircraft maker said was due to the worsening situation in emerging markets. The company said it received 25 net orders in 2015 for its family
Published 11 Jan, 2016 12:00am
Asia FX to fall in 2016 on weaker yuan, Fed hikes
Exchange

Asia FX to fall in 2016 on weaker yuan, Fed hikes

Emerging Asian currencies are set to weaken further this year, but not as much as in 2015, as China allows the yuan to soften and the US dollar is boosted by expectations of higher interest rates, a Reuters poll showed.
Published 11 Jan, 2016 12:00am
Foreign investors bid aggressively for Indian government bonds

Foreign investors bid aggressively for Indian government bonds

Foreign investors showed strong interest in Indian government debt at an auction on Monday, bidding at a sharply higher price than at the last auction two weeks ago, despite a weak start to the new year for Asian markets.
Published 11 Jan, 2016 12:00am
Foreign investors bid aggressively for Indian government bonds

Foreign investors bid aggressively for Indian government bonds

Foreign investors showed strong interest in Indian government debt at an auction on Monday, bidding at a sharply higher price than at the last auction two weeks ago, despite a weak start to the new year for Asian markets.
Published 11 Jan, 2016 12:00am
Egyptian pound steady
Currency

Egyptian pound steady

Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Sunday, and the currency held steady on the black market as well. Egypt, which depends on imported food and energy, is facing a dollar shortage and i
Published 11 Jan, 2016 12:00am
SNB's Jordan says Swiss franc to stagnate or weaken this year
Exchange

SNB's Jordan says Swiss franc to stagnate or weaken this year

The Swiss franc is likely to hold steady or ease this year, Swiss National Bank Chairman Thomas Jordan said in an interview with Swiss radio SRF on Saturday. He cautioned, however, that the franc's safe haven status "means that, when uncertainties arise,
Published 11 Jan, 2016 12:00am
Small-caps pull Saudi Arabia index down

Small-caps pull Saudi Arabia index down

A sell-off of small-cap speculative stocks pulled Saudi Arabia's stock market down on Sunday, while Egypt dropped in response to weak global equities and concern about risks to the Chinese economy. Most Gulf markets were subdued.
Published 11 Jan, 2016 12:00am
Canadian dollar seen crawling off 12-year low in 2016
Exchange

Canadian dollar seen crawling off 12-year low in 2016

A long sell-off that drove the battered Canadian dollar to a 12-year low this week is expected to end this year, a Reuters poll showed, although an expected extended period of easy monetary policy will keep a lid on any bounceback.
Published 11 Jan, 2016 12:00am
Islamic sukuk dive over Malaysia, low oil price: S&P

Islamic sukuk dive over Malaysia, low oil price: S&P

The value of Islamic sukuk bonds dropped sharply last year after Malaysia stopped issuing them and as oil prices continued their fall, the Standard & Poor's rating agency said Wednesday. The trend is expected to continue in 2016 as the main countries usin
Published 11 Jan, 2016 12:00am
Islamic sukuk dive over Malaysia, low oil price: S&P

Islamic sukuk dive over Malaysia, low oil price: S&P

The value of Islamic sukuk bonds dropped sharply last year after Malaysia stopped issuing them and as oil prices continued their fall, the Standard & Poor's rating agency said Wednesday. The trend is expected to continue in 2016 as the main countries usin
Published 11 Jan, 2016 12:00am
Tokyo investors eye China, geopolitical tensions
Currency

Tokyo investors eye China, geopolitical tensions

Tokyo investors will keep a close eye on Chinese markets and geopolitical tensions next week after the benchmark Nikkei index started 2016 with a record losing streak. The weak finish marked the first time the index kicked off a new year with five straigh
Published 11 Jan, 2016 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. 78.50-78.50 (previous 78.50-78.50). 02.00-04.50 percent (Previous 01.25-04.50 percent).
Published 11 Jan, 2016 12:00am
Healthcare investors brace for busy week as US conference kicks off

Healthcare investors brace for busy week as US conference kicks off

Healthcare investors can expect a volatile week starting on Monday when the sector's biggest financial event hits San Francisco. The annual J. P Morgan healthcare conference, in which many healthcare companies present product and financial news to would-b
Published 11 Jan, 2016 12:00am
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