News Archives for Print - 2016-01-30

Vegetable Oil

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1700 GMT:

Published 30 Jan, 2016 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1700 GMT:

Published 30 Jan, 2016 12:00am

Exchange

Soyabeans fall amid global export setbacks

US soyabean futures tumbled on Thursday, with the most-active March contract down 1.6 percent, the largest drop for soyabeans in more than a month, after exporters cancelled US soyabean sales to China. Chicago Board of Trade March wheat ended 4-1/4 cents

Published 30 Jan, 2016 12:00am

Exchange

Palm oil drops

Malaysian palm oil futures dropped on Friday to the lowest level in a week on slowing exports and as the Malaysian ringgit gained strength. The palm oil contract for April on the Bursa Malaysia Derivatives Exchange closed 1.53 percent down at 2,445 Malays

Published 30 Jan, 2016 12:00am

Exchange

Sugar extends slide, cocoa drops

Raw sugar futures on ICE fell to a four-month low Friday, extending this week's steep losses on chart-based sell signals while demand from China lifted the white premium to contract highs. New York cocoa fell on pressure from the weak British pound, hover

Published 30 Jan, 2016 12:00am

Gold falls in New York

Gold fell by 1 percent on Thursday, pressured by earlier strength in equity markets on the back of a rally in oil prices, with bullion investors quick to cash in gains from the Wednesday's rally to 12-week highs. Spot gold was down 0.9 percent at $1,115.3

Published 30 Jan, 2016 12:00am

Gold steadies in Asia

Gold steadied on Friday after recent gains that lifted the metal to its highest since November, keeping it on track to end January with its strongest monthly climb in a year. A March rate hike is looking "extremely unlikely," said Michael McCarthy, chief

Published 30 Jan, 2016 12:00am

Exchange

Gold soars in Europe

Gold edged higher on Friday after US data showed economic growth braked sharply in the fourth quarter and the price of the precious metal was on track for its biggest monthly rise in a year after global economic headwinds hit riskier assets. The metal has

Published 30 Jan, 2016 12:00am

South Africa seen cutting maize forecast to 6.86 million tonnes

South Africa will forecast its smallest maize crop in a decade this week in the face of a searing drought that has forced farmers to scale back planting and is hitting yields, a Reuters poll of five trading houses showed on Monday. The Crop Estimates Comm

Published 30 Jan, 2016 12:00am

US MIDDAY: soyabeans, corn rally

US soyabean futures advanced on Friday, rallying on bargain buying one day after cancellations of US soyabean sales to China sent the market to a three-week low, traders said. Corn and wheat also bounced back, although poor export prospects hung over the

Published 30 Jan, 2016 12:00am

Currency

Ukraine's central bank halves 2016 growth forecast

Ukraine's central bank more than halved its 2016 growth forecast Thursday as the cash-strapped country battles crises ranging from falling commodity prices to a new trade embargo by Russia. The National Bank of Ukraine (NBU) also left its main borrowing r

Published 30 Jan, 2016 12:00am

Exchange

Canon profit drops 13.6 percent on weak camera demand

Japan's Canon said Wednesday that annual net profit fell 13.6 percent last year owing to weak demand for cameras in emerging economies and a slowdown in China. The firm also said company veteran Fujio Mitarai will step down as president but remain as CEO

Published 30 Jan, 2016 12:00am

Exchange

Canon profit drops 13.6 percent on weak camera demand

Japan's Canon said Wednesday that annual net profit fell 13.6 percent last year owing to weak demand for cameras in emerging economies and a slowdown in China. The firm also said company veteran Fujio Mitarai will step down as president but remain as CEO

Published 30 Jan, 2016 12:00am

UK announces help for struggling North Sea oil industry

Britain announced Thursday a £250 million (325 million euro, $350 million) package of funding to boost the oil industry in north-east Scotland, which has been hit hard by slumping prices. At the same time, Prime Minister David Cameron is to visit the oil

Published 30 Jan, 2016 12:00am

Oil, gas extraction help boost Canada's economy in November

Canadian economic growth edged up in November on an increase in oil and gas extraction, as well as greater wholesale and retail trade but the modest improvement still pointed to a fourth quarter that was likely weak at best. Gross domestic product rose 0.

Published 30 Jan, 2016 12:00am

SK Hynix Q4 profit slumps

South Korea's SK Hynix Inc said fourth-quarter profit tumbled 41 percent to a two-year low on slowing semiconductor sales and warned of uncertain demand heading into the seasonally weak January-March quarter. The firm also said it expects market condition

Published 30 Jan, 2016 12:00am

SK Hynix Q4 profit slumps

South Korea's SK Hynix Inc said fourth-quarter profit tumbled 41 percent to a two-year low on slowing semiconductor sales and warned of uncertain demand heading into the seasonally weak January-March quarter. The firm also said it expects market condition

Published 30 Jan, 2016 12:00am

Libor

Sixth broker cleared of Libor fixing 'plot'

A financial broker nicknamed "Big Nose" was cleared Thursday of conspiring with a convicted currency trader to fix the Libor lending rate, to cheers and applause in a London court. Darrell Read, 50, from Wellington, New Zealand, the sixth and final broker

Published 30 Jan, 2016 12:00am

Caterpillar reports quarterly loss on commodity hit

US industrial giant Caterpillar reported a fourth-quarter loss Thursday and trimmed its sales outlook for 2016, warning that commodity prices would probably stay low. Caterpillar's loss for the quarter ending December 31 came in at $87 million, compared w

Published 30 Jan, 2016 12:00am

Caterpillar reports quarterly loss on commodity hit

US industrial giant Caterpillar reported a fourth-quarter loss Thursday and trimmed its sales outlook for 2016, warning that commodity prices would probably stay low. Caterpillar's loss for the quarter ending December 31 came in at $87 million, compared w

Published 30 Jan, 2016 12:00am

Sweden's Electrolux posts 2015 profit drop

Swedish giant Electrolux said Thursday that net profit plummeted by nearly a third last year, wrapping up a year marked by the failed acquisition of General Electric's appliance business with a final-quarter loss. The company announced a 30-percent drop i

Published 30 Jan, 2016 12:00am

Sweden's Electrolux posts 2015 profit drop

Swedish giant Electrolux said Thursday that net profit plummeted by nearly a third last year, wrapping up a year marked by the failed acquisition of General Electric's appliance business with a final-quarter loss. The company announced a 30-percent drop i

Published 30 Jan, 2016 12:00am

Currency

South Africa raises key interest rate even as growth slows

South Africa raised its benchmark interest rate by an aggressive half a percentage point to 6.75 percent Thursday to counter rising inflation, despite fears that the country could be heading into recession. Economic woes have piled up in recent months for

Published 30 Jan, 2016 12:00am

Currency

MasterCard profit rises 11.1 percent

MasterCard Inc, the operator of the world's second-largest payments network, reported an 11.1 percent rise in quarterly profit as purchase volumes increased. The company's net income rose to $890 million, or 79 cents per share, in the fourth quarter ended

Published 30 Jan, 2016 12:00am

Currency

MasterCard profit rises 11.1 percent

MasterCard Inc, the operator of the world's second-largest payments network, reported an 11.1 percent rise in quarterly profit as purchase volumes increased. The company's net income rose to $890 million, or 79 cents per share, in the fourth quarter ended

Published 30 Jan, 2016 12:00am

China fiscal deficit widens, revenue growth weakest since 1988

China had a wider fiscal deficit in 2015 than a year earlier as it jacked up spending to cushion an economic slowdown and government revenue grew by the smallest percentage in 27 years, Finance Ministry data showed on Friday. The ministry's website said t

Published 30 Jan, 2016 12:00am

Sony says bracing for smartphone slowdown after sensor sales dip

Sony Corp, widely regarded as a key supplier of image sensors for Apple Inc's iPhones, said on Friday it was bracing for a slowdown in the premium smartphone market after sales of its sensors fell in the third quarter. Videogame sales and cost cuts in Son

Published 30 Jan, 2016 12:00am

Sony says bracing for smartphone slowdown after sensor sales dip

Sony Corp, widely regarded as a key supplier of image sensors for Apple Inc's iPhones, said on Friday it was bracing for a slowdown in the premium smartphone market after sales of its sensors fell in the third quarter. Videogame sales and cost cuts in Son

Published 30 Jan, 2016 12:00am

Chevron posts first loss since 2002

Chevron Corp reported its first quarterly loss in more than 13 years on Friday despite Wall Street's expectations for a profit, as plunging oil prices eroded profitability across all its divisions. It was the latest sign that the more than 70 percent drop

Published 30 Jan, 2016 12:00am

Chevron posts first loss since 2002

Chevron Corp reported its first quarterly loss in more than 13 years on Friday despite Wall Street's expectations for a profit, as plunging oil prices eroded profitability across all its divisions. It was the latest sign that the more than 70 percent drop

Published 30 Jan, 2016 12:00am

Germany tries to appease Poland on second Baltic pipeline

German vice chancellor Sigmar Gabriel on Friday sought to allay Poland's concerns over plans to build a second pipeline to pump Russian gas to Germany under the Baltic Sea. "We're taking Poland's concerns very seriously," said Gabriel, who is also Germany

Published 30 Jan, 2016 12:00am

Brazil 2015 budget gap hits record as austerity fails

Brazil's overall budget deficit soared to a record 613 billion reais ($150.99 billion) in 2015, central bank data showed on Friday, nearly doubling from last year as efforts to rebalance fiscal accounts failed and interest rates shot up. The budget defici

Published 30 Jan, 2016 12:00am

Exchange

Russia eases risk concentration rules for banks

Russia's central bank said on Friday it had relaxed rules governing banks' exposure to one borrower or a group of related borrowers, shielding them from recent volatility in the rouble. All Russian banks will be able to use more favourable exchange rates

Published 30 Jan, 2016 12:00am

James Murdoch, who quit in phone-hacking scandal, returns as Sky chairman

James Murdoch is to return as chairman of Sky four years after a phone-hacking scandal forced him out, potentially taking the Murdoch family a step closer to full ownership of the European pay-TV group. Murdoch, 43, built Sky into a powerhouse in four yea

Published 30 Jan, 2016 12:00am

Microsoft beats Wall Street view on high demand for cloud products

Microsoft Corp reported quarterly revenue and profit that beat analysts' expectations, driven by aggressive cost cutting and growing demand for its cloud products and services. Chief Executive Satya Nadella has focused on cloud services and mobile applica

Published 30 Jan, 2016 12:00am

Microsoft beats Wall Street view on high demand for cloud products

Microsoft Corp reported quarterly revenue and profit that beat analysts' expectations, driven by aggressive cost cutting and growing demand for its cloud products and services. Chief Executive Satya Nadella has focused on cloud services and mobile applica

Published 30 Jan, 2016 12:00am

Currency

Eurozone inflation ticks up

Eurozone inflation ticked up in January, only modest relief for the European Central Bank which is still likely to cut rates again as price growth could turn negative by the spring and lending suffered an unexpected setback. Inflation has hovered near zer

Published 30 Jan, 2016 12:00am

US economy hits soft patch in Q4 as inventories, trade weigh

US economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports. Gross domestic product increased at a 0.7 percent annual rate, the Commerc

Published 30 Jan, 2016 12:00am

Exchange

China shares rally, but biggest monthly drop in seven years

Chinese shares closed sharply higher on Friday, recovering some of the week's losses, but still recorded their biggest monthly fall in about seven years, which has knocked 12 trillion yuan ($1.8 trillion) off the value of its benchmark indexes. The Shangh

Published 30 Jan, 2016 12:00am

Indian stocks surge nearly two percent

Indian stocks rose nearly 2 percent on Friday, posting their first weekly gain in four, as a rebound in commodity prices and Bank of Japan's bold move to adopt negative interest rates ended a tough month for markets with a flourish. The broader NSE index

Published 30 Jan, 2016 12:00am

Friday's early trade: stocks up as weak GDP spurs hope of slower rate hikes

Wall Street was higher on Friday after weak GDP data raised expectations that the US Federal Reserve would go slow on future interest rate hikes. The market was also supported by the Bank of Japan's surprise move to lower a key interest rate below zero. I

Published 30 Jan, 2016 12:00am

Exchange

Facebook 'likes' push Wall Street higher

Wall Street climbed on Thursday as a blockbuster quarterly report from Facebook drove tech shares higher and a bounce in oil prices propped up the beleaguered energy sector. Facebook surged 15.5 percent in its biggest one-day leap since 2013 after the dig

Published 30 Jan, 2016 12:00am

Taiwan stocks extend gains

Taiwan stocks extended early gains to 2 percent near midday trade on Friday, tracking confidence in overseas markets and as investors hunted for bargains after recent lows. As of 0332 GMT, the main TAIEX index rose 2.0 percent, to 8,060.14 points. The ele

Published 30 Jan, 2016 12:00am

Hong Kong stocks surge

Hong Kong stocks rallied Friday, ending a volatile month on a high, after Japan announced a surprise negative interest rate policy, effectively charging banks to store their cash in a bid to kick-start lending in the country. The Hang Seng Index rose 2.54

Published 30 Jan, 2016 12:00am

Treasury prices surge

US Treasury prices ended higher on Thursday after weak data raised concerns about slowing US economic growth, which offset higher inflation expectations as oil prices rebounded. New orders for long-lasting US manufactured goods in December recorded their

Published 30 Jan, 2016 12:00am

Treasury prices surge

US Treasury prices ended higher on Thursday after weak data raised concerns about slowing US economic growth, which offset higher inflation expectations as oil prices rebounded. New orders for long-lasting US manufactured goods in December recorded their

Published 30 Jan, 2016 12:00am

Exchange

Tokyo stocks soar on BoJ's negative interest rate move

Tokyo stocks soared on Friday after the Bank of Japan unveiled plans to effectively charge lenders to park their cash with it as investors cheered the surprise stimulus. The benchmark Nikkei 225 index at the Tokyo Stock Exchange, which fell in the morning

Published 30 Jan, 2016 12:00am

European shares end week higher after BoJ rate move

European equities ended the week on a high after the Bank of Japan stunned markets on Friday by voting narrowly to introduce negative interest rates in a bid to revive inflation. Equities were also underpinned by hopes the US Federal Reserve would go slow

Published 30 Jan, 2016 12:00am

Sri Lankan shares rise

Sri Lankan shares rose for a second straight session on Friday, hitting near one-week highs as local investors picked up battered large-cap stocks. The main stock index ended 0.32 percent, or 20.16 points, higher at 6,340.05, its highest since close since

Published 30 Jan, 2016 12:00am

Southeast Asian stocks up; Singapore outperforms

Southeast Asian stock markets ended firmer on Friday after the Bank of Japan shocked financial markets by adopting a negative interest rate to maintain business confidence and revive a deflationary mindset, and as global crude oil prices gained. In a 5-4

Published 30 Jan, 2016 12:00am

FTSE bounces back after Japan rate move

Britain's benchmark equity index rose on Friday, cheered by the Bank of Japan's decision to adopt negative interest rates to boost its economy. The Bank of Japan unexpectedly cut a benchmark interest rate below zero on Friday, stunning investors with anot

Published 30 Jan, 2016 12:00am

Currency

Yuan edges up

China's yuan edged up against the dollar on Friday and is set for a mild weekly gain after the central bank fixed its daily midpoints stronger over the past week. Beijing has also taken further steps to control the country's capital outflows to support th

Published 30 Jan, 2016 12:00am

Yen tumbles in Asia

The yen tumbled on Friday after the Bank of Japan stunned markets by announcing it would adopt negative interest rates on a portion of financial institutions' deposits parked at the central bank. The Japanese central bank's action comes as investors aroun

Published 30 Jan, 2016 12:00am

Currency

Yen slides in Europe after BoJ stuns markets with negative rates

The yen was on track for its biggest daily fall against the dollar in over a year on Friday after the Bank of Japan stunned markets by joining a handful of major central banks in adopting negative interest rates. The turmoil in markets since the start of

Published 30 Jan, 2016 12:00am

Currency

Early trade in New York: Dollar strengthens against yen, euro

The dollar rose on Friday after the release of a US gross domestic product report that was in line with economists expectations. US GDP grew at a 0.7 percent annual rate in the fourth quarter, after 2 percent growth in the third, but was near economists'

Published 30 Jan, 2016 12:00am

Currency

Dollar falls broadly in New York trade

The dollar fell broadly on Thursday as a plunge in US durable goods orders supported the view of weakening US growth due to softer global demand, which may cause the Federal Reserve to raise interest rates at a slower pace than it had previously signalled

Published 30 Jan, 2016 12:00am

Exchange

Ringgit leads Asia FX gains

Malaysia's ringgit hit a 3-1/2-month high on Friday, leading gains among emerging Asian currencies, on the Bank of Japan's surprise easing and higher oil prices. The Bank of Japan earlier added negative interest rates on central bank deposits to its massi

Published 30 Jan, 2016 12:00am

Currency

Sri Lankan rupee forwards rise

Sri Lankan rupee forwards strengthened on Friday as a foreign bank sold dollars, while the spot rupee was not traded as banks were reluctant to trade it below the 144.00 level amid moral suasion by the central bank, dealers said. Dealers said the one-week

Published 30 Jan, 2016 12:00am

Currency

Sterling holds gains as risk appetite picks up

Sterling held onto the bullish gains of the past 24 hours on Friday, an improvement in global appetite for risk providing support for the currency along with signs of progress on changes to Britain's pact with the European Union. The pound has fallen more

Published 30 Jan, 2016 12:00am

Aussie, kiwi hold solid gains

The Australian and New Zealand dollars held solid gains on Friday as their US counterpart took a knock from soft economic news that trimmed expectations of an aggressive tightening by the Federal Reserve. The Australian dollar was firm at $0.7093, having

Published 30 Jan, 2016 12:00am

Exchange

Youth Mega Challenge MC-16 from March 5

Director, Sports and Youth Affairs, Khyber Pakhtunkhwa, Miss Rashida Ghaznavi has said that All-Pakistan Grand Youth Carnival with the name of Mega Challenge (MC-16) will be organised at Qayyum Sports Complex from March 5-6, 2016. Accompanied by Director

Published 30 Jan, 2016 12:00am

Murray beats Raonic to face Djokovic in final

Andy Murray twice fought back from a set down to win a gruelling five-setter against injury-hampered Milos Raonic on Friday and reach his latest Australian Open final against five-time champion Novak Djokovic. The four-time runner-up reached his fifth fin

Published 30 Jan, 2016 12:00am

Hingis, Sania make it three Slam titles in a row

Martina Hingis and Sania Mirza added the Australian Open title Friday to their 2015 US Open and Wimbledon crowns as the rampantly successful pair maintained their dominance of women's doubles. The Swiss veteran, 35, and her Indian partner, 29, were pushed

Published 30 Jan, 2016 12:00am

FCW wins Shaheed Benazir inter-college judo trophy

Frontier College for Women (FCW) lifted the overall trophy after securing 3 gold, two silver and three bronze medals with 80 points in the Shaheed Benazir Bhutto Women University (SBBWU) Inter-College Girls Judo Championship which concluded here at Univer

Published 30 Jan, 2016 12:00am

Exchange

PSL grand opening ceremony on February 4

A grand opening ceremony of the Pakistan Super League will begin on February 4 in Dubai hosting players from all five franchise teams. The first match will be played between the Islamabad United and the Quetta Gladiators. The International Cricket Council

Published 30 Jan, 2016 12:00am

Sri Lanka hire Ford to defend World T20

Sri Lanka's cricket board on Friday confirmed it would rehire Graham Ford as head coach to help the national team defend its World Twenty20 title in India, after his English club announced his departure. The 55-year-old South African previously coached Sr

Published 30 Jan, 2016 12:00am

Argentina to create hooligan database

The Argentine government announced Thursday the creation of a football hooligan database and called for players to be taught about fair play in an attempt to tamp down violence marring the game. The announcement came hours after President Mauricio Macri,

Published 30 Jan, 2016 12:00am

India to face Bangladesh in Asia Cup opener

The Asian Cricket Council on Friday announced the itinerary for the forthcoming Asia Cup in Dhaka, with India facing host Bangladesh in the opening match on February 24. The tournament, which will run until March 6, will be held in the Twenty20 internatio

Published 30 Jan, 2016 12:00am

De Villiers appointed full-time Test captain

AB de Villiers was on Friday appointed South Africa's full-time Test captain, Cricket South Africa announced. It said the decision was based on a recommendation from the national selectors. De Villiers, 31, took over the captaincy on a short-term basis fo

Published 30 Jan, 2016 12:00am

Gayle, Bravo and Narine get Twenty20 call

West Indies called up controversial Chris Gayle and Dwayne Bravo as well as suspended off-spinner Sunil Narine for the 2016 World Twenty20 tournament on Friday.

Published 30 Jan, 2016 12:00am

India seal T20 series

India took an unbeatable 2-0 lead over Australia in their three-match Twenty20 series with a 27-run win in the second match at the MCG on Friday. The tourists won the first match in Adelaide by 37 runs and the second encounter followed a remarkably simila

Published 30 Jan, 2016 12:00am

Currency

Cameron warns new EU deal offer 'not enough'

British Prime Minister David Cameron warned Friday of a lack of progress during talks in Brussels on a deal to curb migrant benefits, upping the ante in the battle to keep Britain in the European Union. He held a crucial meeting with European Commission c

Published 30 Jan, 2016 12:00am

Burundi frees two foreign journalists

Two foreign journalists working in Burundi and arrested during a raid were released one day later on Friday, on the eve of a key Africa summit where the troubled nation tops the agenda. The journalists, Jean-Philippe Remy, Africa bureau chief for French d

Published 30 Jan, 2016 12:00am

Palestinians again appeal to UN to revive peace process

Palestinian officials are waging a new campaign at the United Nations to revive peace prospects, with the starting point possibly a Security Council resolution condemning Israeli settlements, the Palestinian envoy said Friday. Ambassador Riyad Mansour rej

Published 30 Jan, 2016 12:00am

US, UK hacked into Israeli air surveillance

US and British intelligence agencies for years hacked into Israeli drones carrying out surveillance to prepare for a potential strike on Iran, Israeli daily Yediot Aharonot reported on Friday. Citing documents leaked by rogue US intelligence contractor Ed

Published 30 Jan, 2016 12:00am

No breakthrough as Merkel, Renzi pledge to tackle migrant crisis

The German and Italian leaders Friday pledged to tackle Europe's migrant influx but failed to resolve discord on an EU deal with Turkey to limit arrivals, a day after Berlin moved to tighten asylum rules. Chancellor Angela Merkel said that, with 2,000 new

Published 30 Jan, 2016 12:00am

India arrests three 'Islamists' deported from Abu Dhabi

Indian counter-terror police have arrested three alleged Islamist radicals suspected of conspiring to stage an attack on India, after they were deported from the United Arab Emirates, an official said Friday. The three Indian nationals were arrested on ar

Published 30 Jan, 2016 12:00am

Four miners rescued in China after 36 days underground

Four miners who had been trapped underground for 36 days in a collapsed Chinese gypsum mine have been rescued, state media reported Friday. The operation to save the men trapped more than 200 metres underground took two hours as each was hauled up to the

Published 30 Jan, 2016 12:00am

Netherlands to join US-led air strikes in Syria

Bowing to US demands, the Dutch government announced Friday it will take part in US-led air strikes in Syria against the Islamic State group, extending its current air support mission over Iraq. "In order to make the fight against ISIS in Iraq more effici

Published 30 Jan, 2016 12:00am

Iran coerces Afghans to fight in Syria: HRW

Iran's Revolutionary Guards has recruited thousands of Afghans, some by coercion, to fight in Syria's war alongside forces loyal to President Bashar al-Assad, Human Rights Watch said Friday. "Iran has not just offered Afghan refugees and migrants incentiv

Published 30 Jan, 2016 12:00am

Europe to launch first part of space-based data highway

Europe plans to launch on Friday night the first part of a new space data highway that will pave the way for faster than ever monitoring of natural disasters such as earthquakes and floods. The EDRS-A node is the first building block of the European Data

Published 30 Jan, 2016 12:00am

Child suicide bomber kills 10 in Nigeria market

A child suicide bomber blew himself up in a market in north-east Nigeria Friday, killing at least 10 people, witnesses said, the latest bloodshed to hit the region, which is plagued by Islamist violence. They said a huge blast erupted at around midday (11

Published 30 Jan, 2016 12:00am

French filmmaker Jacques Rivette dies

Filmmaker Jacques Rivette, one of the leading lights of French New Wave film movement of the 1960s who revelled in cinematic improvisation, died Friday aged 87. Among the best known of his languid, intellectual movies is fantasy drama "Celine and Julie Go

Published 30 Jan, 2016 12:00am

Opposition absent as Syria 'peace talks' start

A UN-led push to chart a way out of Syria's tangled civil war got off to a shaky start Friday, with only representatives of Bashar al-Assad's regime attending the first day of supposed peace talks in Switzerland. The main umbrella body representing the my

Published 30 Jan, 2016 12:00am

Election of mayors: PAT files petition in LHC

The Pakistan Awami Party (PAT) has approached the Lahore High Court (LHC) against Punjab Local Government (Amended) Ordinance 2016 that changed method of electing mayors/ deputy mayors from "secret ballot" to "show of hand" besides other changes in the la

Published 30 Jan, 2016 12:00am

PPDWP approves four uplift schemes

The Punjab Provincial Development Working Party approved four welfare schemes of various development sectors with an estimated cost of Rs 1373.36 million. These schemes were approved in the 25th meeting of Provincial Development Working Party (PDWP) of cu

Published 30 Jan, 2016 12:00am

Liberal import of used cars harming local industry

Experts are questioning the rationale behind import of used cars as the government is attempting to pull in more foreign investors in the upcoming auto industry development plan. Policy makers are working at cross-purpose as the government envisions Europ

Published 30 Jan, 2016 12:00am

SNGPL clarification

"A news item published in the Business Recorder dated 23.01.2016 with the subject "FCCI criticises billing of LNG", misrepresents facts of billing the price for LNG to textile consumers. In this regard, it is imperative to inform that the supply of

Published 30 Jan, 2016 12:00am

MQM ticket-holder, others join PTI

A delegation spearheaded by Muttahida Qaumi Movement (MQM) ticket-holder and 26 other party leaders have announced to join the Pakistan Tehreek-e-Insaf (PTI). Punjab-based party former organiser Chaudhary Mohammad Sarwar met the delegates who included Ans

Published 30 Jan, 2016 12:00am

Assembly debates situation: Sindh government rejects criticism over Thar infant mortality rate

The treasury on Friday enumerated the measures the PPP government has taken so far for providing relief to the people of drought-hit Tharparkar district and rejected the opposition's criticism of the government over infants deaths in the district. As the

Published 30 Jan, 2016 12:00am

32 factories, units sealed

District Environment Officers along with the teams raided 1102 units during a 10-day campaign of Environment Department against the units involved in illegal trade, recycling and storing of hospitals' waste throughout the province. The department sealed 3

Published 30 Jan, 2016 12:00am

Exchange

'South Asia: Corridor of Opportunities' conference: Ahsan urges professional accountants to build up public confidence

Minister for Planning, Development & Reform Ahsan Iqbal on Friday said that theme of Conference 'South Asia: Corridor of Opportunities' was quite appropriate in the context of new challenges being faced by the region's industry and economy. He was address

Published 30 Jan, 2016 12:00am

Intra-party elections: PTI's CEC bars Imran from backing any candidate

The Election Commission of Pakistan Tehreek-e-Insaf (PTI) on Friday barred party chairman Imran Khan not to back any candidate, taking part in the intra-party elections, to ensure transparency in its second intra-party elections in next couple of months.

Published 30 Jan, 2016 12:00am

Mobile app for banking

Customers' expectations for mobile banking are high & rising. The swift and convenient interaction between the banks and the customers is what gives a bank an edge over its competitors. To create a differentiation in customers' mind, mobile banking servic

Published 30 Jan, 2016 12:00am

Corps Commander meets Sindh chief minister

Corps Commander Karachi Lieutenant General Naveed Mukhtar called on Sindh Chief Minister Syed Qaim Ali Shah, here at the Chief Minister's House on Friday. During the meeting, they discussed issues related to National Action Plan and operation against terr

Published 30 Jan, 2016 12:00am

TDPs of Fata: MoF officials brief National Assembly panel on Rs 100 billion package

A meeting of the National Assembly Standing Committee on States and Frontier Regions (SAFRON) Thursday met at the Parliament House under the Chairmanship of Muhammad Jamaluddin. Officials of Ministry of Finance briefed the committee on the status of Rs 10

Published 30 Jan, 2016 12:00am

Warid launches international calling offer

Warid, Pakistan's first LTE network is proud to offer international dialing bundles to its subscribers. Through this offer, subscribers can make longer calls to USA (LL+M), Canada (LL+M), UK (LL), China (LL+M), France (LL), Italy (LL), and Germany (LL). T

Published 30 Jan, 2016 12:00am

AbacusConsulting signs MoU with Silkbank

Silkbank, one of the fastest growing banks in the country, has signed an MOU with AbacusConsulting and VentureTel for the implementation of branchless banking and mobile financial services in Pakistan in a ceremony held in Lahore. AbacusConsulting, the le

Published 30 Jan, 2016 12:00am

KU awards 7 M.Phil and 26 PhD degrees

Board of Advance Studies and Research (BASR) University of Karachi in its meeting held under the chairmanship of Professor Dr Muhammad Qaiser, Vice-Chancellor University of Karachi, awarded seven M.Phil and 26 PhD degrees. Students who were awarded the MP

Published 30 Jan, 2016 12:00am

Norwegian firms keen to make investments: envoy

Ambassador of Norway to Pakistan, Tore Nedrebo, has said many companies of his country were interested in making investment in Pakistan. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI), he said Norwegian companies are exploring in

Published 30 Jan, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 1	277.78
USD PKR Interbank Buying / Nov 1	277.68
USD to Japanese Yen / Nov 1	153.01
USD to Swiss Franc / Nov 1	0.87
Pound Sterling to USD / Nov 1	1.29
Euro to USD / Nov 1	1.08

Stock	Volume
S&P 500 / Nov 1	5,728.80
India Sensex / Nov 1	79,724.12
Tokyo Nikkei / Nov 1	38,053.67
Nasdaq / Nov 1	18,239.92
Hang Seng / Nov 1	20,506.43
FTSE 100 / Nov 1	8,177.15
Dow Jones / Nov 1	42,052.19
Germany DAX 30 / Nov 1	19,254.97

Item	Value
Crude Oil USD/Barrel / Nov 1	69.49
Karachi Cotton PKR/37.32 KG / Nov 1	18,085
Gold 10 Grams PKR / Nov 1	244,084
Gold Spot USD/Ounce / Nov 1	2,736.53
Cotton US¢/pound / Nov 1	70.17
Petrol/Litre / Nov 2	248.38

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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