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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-31
Dubai opens consultancy tender for $27 billion green fund

Dubai opens consultancy tender for $27 billion green fund

Dubai's Electricity and Water Authority (DEWA) said on Saturday it was calling on consulting firms to tender for advisory and regulatory development services for the emirate's planned 100 billion dirham ($27 billion) clean energy fund. The "Dubai Green Fu
Published 31 Jan, 2016 12:00am
Hong Kong press freedoms decline in 2015

Hong Kong press freedoms decline in 2015

Press freedom further declined in Hong Kong in 2015, driven by growing self-censorship and government interference as Beijing expands its influence over the city's boisterous media, a new report said Saturday. The southern Chinese city prides itself on ha
Published 31 Jan, 2016 12:00am
French foreign minister's son charged with forgery
Exchange

French foreign minister's son charged with forgery

Thomas Fabius, son of French Foreign Minister Laurent Fabius, has been charged with forgery in connection with his passion for gambling, judicial sources said Saturday. He was also named as a "temoin assiste" - an intermediary status between that of a wit
Published 31 Jan, 2016 12:00am
Turkey accuses Russia of new airspace violation

Turkey accuses Russia of new airspace violation

Turkey on Saturday accused Russia of a new violation of its airspace, warning Moscow it would "face consequences" amid the worst relations between the two countries since the end of the Cold War. The Turkish foreign ministry said a Russian Su-34 plane vio
Published 31 Jan, 2016 12:00am
At least 37 Greece-bound migrants drown off Turkey

At least 37 Greece-bound migrants drown off Turkey

The Turkish coastguard on Saturday recovered the bodies of women and children washed up on a beach after yet another migrant boat sank while trying to reach Europe, leaving at least 37 dead. In harrowing scenes reminiscent of the death of Aylan Kurdi, the
Published 31 Jan, 2016 12:00am
Clinton, Kasich win New York Times endorsement

Clinton, Kasich win New York Times endorsement

The New York Times's editorial board endorsed Democrat Hillary Clinton and Republican John Kasich as they seek to become their parties' nominees in the US presidential election, calling Clinton one of the most "deeply qualified presidential candidates in
Published 31 Jan, 2016 12:00am
Three sentenced to death for gang-rape, murder in India

Three sentenced to death for gang-rape, murder in India

Three men were sentenced to death Saturday by an Indian court for the gang-rape and murder of a student, in a case that sparked outrage over women's safety. A further three defendants were given life sentences for the gang-rape of the victim. The court in
Published 31 Jan, 2016 12:00am
No casualties from 7.0-magnitude quake in east Russia

No casualties from 7.0-magnitude quake in east Russia

A powerful 7.0-magnitude earthquake struck in Russia's Far East on Saturday morning, US and Russian authorities said, although there were no reports of any casualties. The US Geological Survey said the quake occurred at 0325 GMT at a depth of 160 kilometr
Published 31 Jan, 2016 12:00am
US won't release 'top secret' Clinton emails
Exchange

US won't release 'top secret' Clinton emails

'Top secret' material was sent through Hillary Clinton's private email server during her tenure as secretary of state, it was revealed Friday, just days before voters cast their first ballots in the presidential campaign. State Department spokesman John K
Published 31 Jan, 2016 12:00am
Most Britons back staying in EU, but opposition growing

Most Britons back staying in EU, but opposition growing

More Britons support the country's membership of the European Union than want to leave the bloc, the latest opinion poll on the issue showed on Saturday, even as opposition to membership grew slightly compared with last month's survey. Other recent opinio
Published 31 Jan, 2016 12:00am
Kazakh police detain businessman with close ties to Russia

Kazakh police detain businessman with close ties to Russia

Kazakh police on Saturday detained a wealthy businessman and public activist known for his close ties with Russia, a move which could strain relations with Kazakhstan's former Soviet overlord. Businessman Tokhtar Tuleshov, best known as the chief executiv
Published 31 Jan, 2016 12:00am
Five killed in western Canada avalanche

Five killed in western Canada avalanche

Five snowmobilers were killed Friday after being buried in an avalanche in Canada's British Columbia (BC) province, officials said. The deaths were confirmed by the BC Coroner's office, which said the accident occurred Friday afternoon in the western Cana
Published 31 Jan, 2016 12:00am
Sri Lanka arrests former leader's son over money laundering

Sri Lanka arrests former leader's son over money laundering

Former Sri Lankan president Mahinda Rajapakse's second son was remanded in custody for two weeks after being arrested Saturday on a charge of money laundering, police and court officials said. Navy officer Yoshitha Rajapakse, 27, was taken into custody by
Published 31 Jan, 2016 12:00am
Statue of controversial Bolshevik leader toppled in Ukraine

Statue of controversial Bolshevik leader toppled in Ukraine

Ukrainian activists in the eastern city of Dnipropetrovsk on Friday night toppled a statue of controversial Bolshevik leader Grigory Petrovsky, implicated in a famine that killed millions in the 1930s, city hall said. Several young men toppled the 12-tonn
Published 31 Jan, 2016 12:00am
Five dead in 50 car pile-up in Slovenia

Five dead in 50 car pile-up in Slovenia

At least five people died and several more were seriously injured Saturday in a 50-car pile-up caused by thick fog in western Slovenia, Slovenian media reported. "Some 50 vehicles were involved in the pile-up. We can confirm there were casualties," a poli
Published 31 Jan, 2016 12:00am
Facebook blocks unlicensed gun sales

Facebook blocks unlicensed gun sales

Facebook has banned people using the social network for unlicensed gun sales after pressure from anti-gun violence groups alarmed over the ease with which firearms are sold online in the United States. Although Facebook and its Instagram photo-sharing ser
Published 31 Jan, 2016 12:00am
Merkel says refugees must return home once war is over

Merkel says refugees must return home once war is over

German Chancellor Angela Merkel tried on Saturday to placate the increasingly vocal critics of her open-door policy for refugees by insisting that most refugees from Syria and Iraq would go home once the conflicts there had ended. Despite appearing increa
Published 31 Jan, 2016 12:00am
German populists in 'shoot migrants' storm

German populists in 'shoot migrants' storm

Germany's eurosceptic right-wing populist AfD party created a storm Saturday by suggesting police "if need be" should threaten to shoot migrants seeking to enter the country. "We need efficient controls to prevent so many unregistered asylum-seekers keepi
Published 31 Jan, 2016 12:00am
France says to wind down Central African Republic force by year-end

France says to wind down Central African Republic force by year-end

France aims to scale back its military presence in Central African Republic by the end of the year, its defence minister said in a French media interview, as Paris continues to count on forthcoming elections to ease tension in the turbulent African countr
Published 31 Jan, 2016 12:00am
Chad's Deby becomes new African Union chairman

Chad's Deby becomes new African Union chairman

Chad's President Idriss Deby took over the post of African Union chairman on Saturday, replacing Zimbabwean President Robert Mugabe. "I accept this task with pleasure, but with a little agony as the responsiblity you entrust in me is heavy and fraught wit
Published 31 Jan, 2016 12:00am
UN backs Burundi force as Africa leaders debate troops

UN backs Burundi force as Africa leaders debate troops

UN Secretary-General Ban Ki-moon warned African leaders Saturday of the need for action in troubled Burundi at a summit aiming to end armed crises across the continent. African Union leaders face an unprecedented vote on deploying a 5,000-strong peacekeep
Published 31 Jan, 2016 12:00am
Tearful Kerber stuns Williams to win first major title
Kerb

Tearful Kerber stuns Williams to win first major title

A tearful Angelique Kerber stunned an errant Serena Williams to win the Australian Open on Saturday and thwart the American top seed's bid to equal Steffi Graf's Open-era record of 22 Grand Slam titles. In a huge upset, the seventh seed toppled the 34-yea
Published 31 Jan, 2016 12:00am
'I'm not a robot', says Serena
Kerb

'I'm not a robot', says Serena

Serena Williams Saturday said she wasn't a "robot" and couldn't win every match she played after slumping to a shock defeat in the Australian Open final against Germany's Angelique Kerber.
Published 31 Jan, 2016 12:00am
Messi, Suarez edge Barca past nine-man Atletico

Messi, Suarez edge Barca past nine-man Atletico

Barcelona took control of the La Liga title race as goals from Lionel Messi and Luis Suarez inspired a come from behind 2-1 win against nine-man Atletico Madrid on Saturday. Koke handed the visitors a deserved early lead, but Barca turned the game thanks
Published 31 Jan, 2016 12:00am
Khawaja in for final India T20 after Finch injured

Khawaja in for final India T20 after Finch injured

In-form batsman Usman Khawaja was Saturday brought into Australia's squad for the final Twenty20 match against India, with Shane Watson to captain in place of injured skipper Aaron Finch. Finch injured his left hamstring in Friday night's match which Indi
Published 31 Jan, 2016 12:00am
Shahid Afridi meets Punjab chief minister

Shahid Afridi meets Punjab chief minister

T20 cricket team skipper Shahid Afridi met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Saturday and discussed matters pertaining to promotion of cricket in the country. Other matters of mutual interest also came under discussion. Sources claim
Published 31 Jan, 2016 12:00am
CA Pakistan Golf tournament begins

CA Pakistan Golf tournament begins

The CA Pakistan Golf tournament organized by the Institute of Chartered Accountants of Pakistan will be contested today (Sunday) over 18 holes at the Royal Palm Golf Course. The participating field consists of 140 golfers, who represent the corporate lead
Published 31 Jan, 2016 12:00am
Amazing Grace wins again in Qatar

Amazing Grace wins again in Qatar

South African Branden Grace retained his Qatar Masters title in Doha on Saturday winning by two shots and making tournament history in the process. The world number 11 shot a last round 69 in the European Tour tournament to go with previous rounds of 70,
Published 31 Jan, 2016 12:00am
Misbah, Younis appointed advisers to PCB chief

Misbah, Younis appointed advisers to PCB chief

Pakistan Super League (PSL) would be instrumental in strengthening the cricket system, provision of international exposure to our domestic players and patronage to our young players while all five franchises of the League have made all the payment to Paki
Published 31 Jan, 2016 12:00am
Sanchez fires Arsenal, City cruise in FA Cup

Sanchez fires Arsenal, City cruise in FA Cup

Arsenal remain on course for a third consecutive FA Cup success after Alexis Sanchez inspired Arsene Wenger's side to a 2-1 fourth-round win over second-tier Burnley on Saturday. Manchester City and Tottenham Hotspur also progressed, but West Bromwich Alb
Published 31 Jan, 2016 12:00am
Nigeria's Buhari against devaluing naira, sees recovery soon
Exchange

Nigeria's Buhari against devaluing naira, sees recovery soon

Nigeria's President Muhammadu Buhari is against devaluing the naira, his office said on Thursday, backing the central bank's stance of keeping rates unchanged in the face of sharp falls against the dollar on the black market. The central bank decided on T
Published 31 Jan, 2016 12:00am
Serbia sells 80 million euros to stem dinar losses
Exchange

Serbia sells 80 million euros to stem dinar losses

Serbia's central bank sold 80 million euros ($86.59 million) on the interbank currency market on Friday to bolster the dinar, which remained weak on increased offers of the domestic currency and under pressure from investors cutting exposure to emerging m
Published 31 Jan, 2016 12:00am
Speculators pare dollar net longs to lowest in three months

Speculators pare dollar net longs to lowest in three months

Speculators cut bullish bets on the US dollar for a fifth straight week, as net longs fell to their lowest since late October, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the do
Published 31 Jan, 2016 12:00am
Transaction costs for trading G10 currencies rose in 2015
Currency

Transaction costs for trading G10 currencies rose in 2015

Transaction costs for trading the world's most liquid currencies rose in 2015 after the Swiss National Bank stunned markets by removing a cap on the franc, research by an independent broker showed on Tuesday, potentially weighing on volumes. "G-10 currenc
Published 31 Jan, 2016 12:00am
Norway to sell NOK 900 million of FX per day
Exchange

Norway to sell NOK 900 million of FX per day

Norway's central bank will sell foreign exchange equivalent of 900 million Norwegian crowns per day in February, compared with 500 million crowns during January, the bank said on Friday. The bank is selling the currency because the government's transfers
Published 31 Jan, 2016 12:00am
US data lifts dollar further after BoJ decision
Exchange

US data lifts dollar further after BoJ decision

The dollar rose sharply on Friday, hitting a six-week high versus the yen, after the Bank of Japan took one of its main interest rates into negative territory and US gross domestic product data largely matched economists' expectations. The BoJ said it wou
Published 31 Jan, 2016 12:00am
Canadian dollar rallies
Exchange

Canadian dollar rallies

The Canadian dollar gained against a stronger US counterpart on Friday after a Bank of Japan rate cut into negative territory boosted global asset markets, while oil rallied and data showed Canadian and US growth in line with economists' expectations. The
Published 31 Jan, 2016 12:00am
Bearish bets reach highest in five months
Currency

Bearish bets reach highest in five months

Bearish bets on the Canadian dollar rose this week to the highest in five months, Commodity Futures Trading Commission data showed on Friday, as steady Bank of Canada policy an and oil price recovery failed to shake speculation against the currency. Net s
Published 31 Jan, 2016 12:00am
Poland presents law to help Swiss franc borrowers
Currency

Poland presents law to help Swiss franc borrowers

Poland laid out a draft law on Friday to saddle lenders with the costs of converting Swiss franc mortgages into zlotys, a move critics say could undermine the health of what was until recently one of Europe's healthiest banking sectors. Renewed efforts to
Published 31 Jan, 2016 12:00am
North American, London FX volume slides in October
Exchange

North American, London FX volume slides in October

Daily currency volumes in London and North America contracted in October compared with a year ago, hammered by fallout from a raft of market manipulation scandals and banks' unwillingness to take on more risk, according to semi-annual surveys by the US an
Published 31 Jan, 2016 12:00am
Wall Street surges at end of awful January
Exchange

Wall Street surges at end of awful January

Wall Street surged over 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a major rally in technology shares, repairing some of the damage to the S&P 500's worst January since 2009. Slammed by collapsing oil pri
Published 31 Jan, 2016 12:00am
Treasuries outlook: Yields fall after Japan unveils negative rates

Treasuries outlook: Yields fall after Japan unveils negative rates

US Treasury yields fell to four-month lows on Friday after the Bank of Japan surprised investors by introducing negative interest rates in a further effort to stimulate the country's flagging economy. The BOJ said it would charge for a portion of bank res
Published 31 Jan, 2016 12:00am
Treasuries outlook: Yields fall after Japan unveils negative rates

Treasuries outlook: Yields fall after Japan unveils negative rates

US Treasury yields fell to four-month lows on Friday after the Bank of Japan surprised investors by introducing negative interest rates in a further effort to stimulate the country's flagging economy. The BOJ said it would charge for a portion of bank res
Published 31 Jan, 2016 12:00am
Italy's De Nora to list up to 45 percent in Milan IPO
Exchange

Italy's De Nora to list up to 45 percent in Milan IPO

Italian electrochemical technology provider De Nora is looking to list up to 45 percent of its capital in an initial public offering before summer, its CFO told Reuters. The company has lined up UBS, Deutsche Bank and UniCredit as global coordinators to l
Published 31 Jan, 2016 12:00am
Italy's De Nora to list up to 45 percent in Milan IPO
Exchange

Italy's De Nora to list up to 45 percent in Milan IPO

Italian electrochemical technology provider De Nora is looking to list up to 45 percent of its capital in an initial public offering before summer, its CFO told Reuters. The company has lined up UBS, Deutsche Bank and UniCredit as global coordinators to l
Published 31 Jan, 2016 12:00am
Fidelity Intl prefers US stocks to Europe

Fidelity Intl prefers US stocks to Europe

Fidelity International's top fund manager said on Wednesday that he preferred US stocks to Europe, in contrast to the views of many others in the market. Several fund managers have said Europe is their preferred regional equity market, given the prospect
Published 31 Jan, 2016 12:00am
NYSE calls for coordination among exchanges to ease volatility
Exchange

NYSE calls for coordination among exchanges to ease volatility

The New York Stock Exchange on Thursday recommended reforms to the US equities market which it said could improve stability and prevent a repeat of the wild price swings seen on August 24 during a near-unprecedented bout of volatility. The measures includ
Published 31 Jan, 2016 12:00am
Shanghai warehouse lead stocks fall to record low
Exchange

Shanghai warehouse lead stocks fall to record low

Stocks of refined lead monitored by the Shanghai Futures Exchange dived 57 percent from last week, hitting a record low, data from the exchange showed on Friday. Reduced availability of lead stocks raised fears of supply shortage for deliveries of the fro
Published 31 Jan, 2016 12:00am
Global funds dump US stocks and bonds amid January storm

Global funds dump US stocks and bonds amid January storm

Global investors cut their US equity and bond holdings in January, a Reuters poll of fund managers showed on Friday, as the S&P 500 suffered its worst January since 2009 and after the US Fed began tightening. US stocks shrank 1 percentage point to 37 perc
Published 31 Jan, 2016 12:00am
Global funds dump US stocks and bonds amid January storm

Global funds dump US stocks and bonds amid January storm

Global investors cut their US equity and bond holdings in January, a Reuters poll of fund managers showed on Friday, as the S&P 500 suffered its worst January since 2009 and after the US Fed began tightening. US stocks shrank 1 percentage point to 37 perc
Published 31 Jan, 2016 12:00am
China investors flock to IPO under relaxed rules despite market jitters

China investors flock to IPO under relaxed rules despite market jitters

Despite China's stock market convulsions, investors flocked to the country's first initial public offering under rules implemented on January 1 that allow investors to submit orders without paying upfront for new stocks at prices set to remain well below
Published 31 Jan, 2016 12:00am
TSX ends volatile January on positive note
Exchange

TSX ends volatile January on positive note

Canada's main stock index jumped on Friday as investors cheered the Bank of Japan's bold move to stimulate growth, while rising oil prices and an accommodative royalty update in Alberta boosted energy stocks. The Toronto Stock Exchange's S&P/TSX composite
Published 31 Jan, 2016 12:00am
Dubai opens consultancy tender for $27 billion green fund

Dubai opens consultancy tender for $27 billion green fund

Dubai's Electricity and Water Authority (DEWA) said on Saturday it was calling on consulting firms to tender for advisory and regulatory development services for the emirate's planned 100 billion dirham ($27 billion) clean energy fund. The "Dubai Green Fu
Published 31 Jan, 2016 12:00am
Indian rapeseed futures drop to nine-month low
Exchange

Indian rapeseed futures drop to nine-month low

Indian rapeseed futures fell on Friday to their lowest level in nine months on prospects of a bumper harvest, and on rising imports of edible oils. Soyaoil futures eased on a stronger rupee and a drop in overseas palm oil prices, while soyabeans dropped o
Published 31 Jan, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (January 30, 2016) and the forecast for Sunday (January 31, 2016).

Published 31 Jan, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 30, 2016).

Published 31 Jan, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 30, 2016).

Published 31 Jan, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 30, 2016).

Published 31 Jan, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 30, 2016)

Published 31 Jan, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 30, 2016).

Published 31 Jan, 2016 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (January 30, 2016).

Published 31 Jan, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 30, 2016).

Published 31 Jan, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 30, 2016).

Published 31 Jan, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 30, 2016).

Published 31 Jan, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee firmly held the overnight levels in relation to the dollar on the open market on Saturday, dealers said. The rupee did not move any side in terms of the dollar for buying and selling at Rs 106.40 and Rs 106.65, they added. The rupee, however, pi
Published 31 Jan, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee firmly held the overnight levels in relation to the dollar on the open market on Saturday, dealers said. The rupee did not move any side in terms of the dollar for buying and selling at Rs 106.40 and Rs 106.65, they added. The rupee, however, pi
Published 31 Jan, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 30, 2016).

Published 31 Jan, 2016 12:00am
Asian naphtha extends gains on strong demand

Asian naphtha extends gains on strong demand

Asia's naphtha crack extended gains to reach a four-session high of $87.20 a tonne on Friday on strong demand this week. South Korea's Lotte Chemical has bought two cargoes totalling about 50,000 tonnes of naphtha for first-half March delivery at a discou
Published 31 Jan, 2016 12:00am
Thai rice prices jump on loading demand; Vietnam's fall

Thai rice prices jump on loading demand; Vietnam's fall

Thai rice prices picked up this week on loading demand and ahead of an expected deal with Iran, while thin buying demand pushed Vietnamese prices down slightly, traders said on Wednesday. Last week, rice prices in Vietnam, the world's third-biggest export
Published 31 Jan, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The March vaida was up on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The March vaida closed at Rs 2052.00 and it commenced a 30 paisas gain at Rs 2052.30 in the early hours, they said.
Published 31 Jan, 2016 12:00am
Cotton market: prices firm on short supply position
Cotton

Cotton market: prices firm on short supply position

Prices held present firmness on the cotton market on Saturday following the short supply of fine variety of cotton, dealers said. The official spot rate was unchanged at Rs 5,450, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs 3000 a
Published 31 Jan, 2016 12:00am
European vegoils: palm oil up on strong ringgit
Vegetable Oil

European vegoils: palm oil up on strong ringgit

Palm oil on the European vegetable oils market rose on Thursday despite weaker Malaysian futures because of a strong ringgit and strong energy markets. "The strong ringgit supported the cash market as it makes palm oil more expensive for buyers holding fo
Published 31 Jan, 2016 12:00am
Bank of Italy calls for revision of EU 'bail in' rules

Bank of Italy calls for revision of EU 'bail in' rules

Bank of Italy Governor Ignazio Visco on Saturday called for the revision of new European rules that shift the burden of propping up failing banks onto investors, saying they should have been introduced more gradually. The recent rescue of four small Itali
Published 31 Jan, 2016 12:00am
Coca-Cola takes stake in Nigerian juice maker Chi

Coca-Cola takes stake in Nigerian juice maker Chi

Coca-Cola has bought a 40 percent stake in Nigerian juice and snack producer Chi Ltd, it said on Saturday, as it continues to expand in Africa to tap a young and fast-growing population. The US drinks giant bought the stake from unlisted TGI Group, the tw
Published 31 Jan, 2016 12:00am
China set to adopt 6.5-7 percent growth target range for 2016

China set to adopt 6.5-7 percent growth target range for 2016

China's leaders are expected to target economic growth in a range of 6.5 percent to 7 percent this year, sources familiar with their thinking said, setting a range for the first time because policymakers are uncertain on the economy's prospects. The propo
Published 31 Jan, 2016 12:00am
Japanese airline profits jump on tourism surge
Exchange

Japanese airline profits jump on tourism surge

Japan's two-biggest airlines reported soaring profits Friday as a surge in tourism and lower fuel costs beefed-up their bottom line. Japan Airlines (JAL) and rival All Nippon Airways (ANA) credited a weak yen for helping boost tourism into Japan as it mak
Published 31 Jan, 2016 12:00am
Japanese airline profits jump on tourism surge
Exchange

Japanese airline profits jump on tourism surge

Japan's two-biggest airlines reported soaring profits Friday as a surge in tourism and lower fuel costs beefed-up their bottom line. Japan Airlines (JAL) and rival All Nippon Airways (ANA) credited a weak yen for helping boost tourism into Japan as it mak
Published 31 Jan, 2016 12:00am
Iran to buy 40 ATR planes: vice minister

Iran to buy 40 ATR planes: vice minister

Iran expects to finalise within days a deal to buy up to 40 planes from ATR, the European manufacturer of turboprop aircraft, a deputy transport minister said Saturday. "We discussed the deals in Italy and France and ATR officials are expected in Tehran i
Published 31 Jan, 2016 12:00am
Iran cancels London oil contract conference over visas
Exchange

Iran cancels London oil contract conference over visas

Iran has cancelled a London conference where it was set to introduce new oil and gas contracts to investors, the Seda weekly reported on Saturday citing a senior Iranian official who blamed a delay in getting visas. Postponed five times amid uncertainty o
Published 31 Jan, 2016 12:00am
US lawsuit payments hit Jordan's Arab Bank 2015 profits

US lawsuit payments hit Jordan's Arab Bank 2015 profits

Jordan's largest lender, Arab Bank Group, said on Saturday its 2015 net profits fell to $442 million, from $577 million a year earlier, after putting aside hundreds of millions to cover a legal settlement in the United States. Arab Bank agreed last August
Published 31 Jan, 2016 12:00am
Dubai opens consultancy tender for $27 billion green fund

Dubai opens consultancy tender for $27 billion green fund

Dubai''s Electricity and Water Authority (DEWA) said on Saturday it was calling on consulting firms to tender for advisory and regulatory development services for the emirate''s planned 100 billion dirham ($27 billion) clean energy fund. The "Dubai Green
Published 31 Jan, 2016 12:00am
Toyota may halt Japan car output

Toyota may halt Japan car output

Toyota Motor Corp said on Saturday it may halt production at its domestic plants early next month due to a steel shortage, following an explosion at a steel plant operated by one of its affiliates. The blast an Aichi Steel plant has curbed production of s
Published 31 Jan, 2016 12:00am
US lawsuit payments hit Jordan's Arab Bank 2015 profits

US lawsuit payments hit Jordan's Arab Bank 2015 profits

Jordan's largest lender, Arab Bank Group, said on Saturday its 2015 net profits fell to $442 million, from $577 million a year earlier, after putting aside hundreds of millions to cover a legal settlement in the United States. Arab Bank agreed last August
Published 31 Jan, 2016 12:00am
Brazilian tycoon Diniz pulls $750 million out of BTG

Brazilian tycoon Diniz pulls $750 million out of BTG

Brazilian billionaire Abilio Diniz transferred nearly 3 billion reais ($750.51 million) of investments in BTG Pactual SA to a rival bank, dealing a further blow to the investment bank reeling from shrinking business flows. According to local magazine Veja
Published 31 Jan, 2016 12:00am
Malaysia pledges to help Swiss probe as pressure on PM grows

Malaysia pledges to help Swiss probe as pressure on PM grows

Malaysia's attorney general promised Saturday to cooperate with a Swiss call for help in probing alleged massive corruption that has placed Prime Minister Najib Razak under severe pressure. Swiss prosecutors on Friday had issued a statement saying they be
Published 31 Jan, 2016 12:00am
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