AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)
Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-07
Fourteen dead, 150 missing after Taiwan quake fells buildings

Fourteen dead, 150 missing after Taiwan quake fells buildings

Relatives of residents trapped in a 16-storey apartment complex felled by a powerful earthquake in Taiwan that killed 14 people were praying for miracles Saturday as rescuers sought survivors, with more than 150 missing in the quake zone. The cluster of b
Published 07 Feb, 2016 12:00am
Afghan peace process: QCG adopts roadmap

Afghan peace process: QCG adopts roadmap

The four-nation co-ordination committee on Afghan peace process Saturday adopted a roadmap stipulating stages and steps in the process and also agreed to continue joint efforts to bring the Afghan government and Taliban representatives for direct negotiat
Published 07 Feb, 2016 12:00am
Afghan peace process: QCG adopts roadmap

Afghan peace process: QCG adopts roadmap

The four-nation co-ordination committee on Afghan peace process Saturday adopted a roadmap stipulating stages and steps in the process and also agreed to continue joint efforts to bring the Afghan government and Taliban representatives for direct negotiat
Published 07 Feb, 2016 12:00am
Seven countries call for EU action to help steel industry

Seven countries call for EU action to help steel industry

Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from China and Russia. Ministers from the three countries, along wit
Published 07 Feb, 2016 12:00am
Seven countries call for EU action to help steel industry

Seven countries call for EU action to help steel industry

Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from China and Russia. Ministers from the three countries, along wit
Published 07 Feb, 2016 12:00am
Seven countries call for EU action to help steel industry

Seven countries call for EU action to help steel industry

Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from China and Russia. Ministers from the three countries, along wit
Published 07 Feb, 2016 12:00am
New airline could be established within 90 to 120 days

New airline could be established within 90 to 120 days

In the event that the PIA strike is prolonged the proposal to establish a new airline may be considered with the objective of facilitating passengers, Chairman Board of Investment (BoI) Dr Miftah Ismail told Business Recorder. According to details,
Published 07 Feb, 2016 12:00am
New airline could be established within 90 to 120 days

New airline could be established within 90 to 120 days

In the event that the PIA strike is prolonged the proposal to establish a new airline may be considered with the objective of facilitating passengers, Chairman Board of Investment (BoI) Dr Miftah Ismail told Business Recorder. According to details,
Published 07 Feb, 2016 12:00am
New airline could be established within 90 to 120 days

New airline could be established within 90 to 120 days

In the event that the PIA strike is prolonged the proposal to establish a new airline may be considered with the objective of facilitating passengers, Chairman Board of Investment (BoI) Dr Miftah Ismail told Business Recorder. According to details,
Published 07 Feb, 2016 12:00am
Government working on launch of new airline: Mushahidullah

Government working on launch of new airline: Mushahidullah

The government will not take up talks until and unless the employees of PIA call off their strike, Senator Mushahid Ullah Khan said while talking to Business Recorder here on Saturday. He said the government can neither be dictated, nor can it be b
Published 07 Feb, 2016 12:00am
Government working on launch of new airline: Mushahidullah

Government working on launch of new airline: Mushahidullah

The government will not take up talks until and unless the employees of PIA call off their strike, Senator Mushahid Ullah Khan said while talking to Business Recorder here on Saturday. He said the government can neither be dictated, nor can it be b
Published 07 Feb, 2016 12:00am
Government working on launch of new airline: Mushahidullah

Government working on launch of new airline: Mushahidullah

The government will not take up talks until and unless the employees of PIA call off their strike, Senator Mushahid Ullah Khan said while talking to Business Recorder here on Saturday. He said the government can neither be dictated, nor can it be b
Published 07 Feb, 2016 12:00am
Petition filed

Petition filed

A petition against ban on union activities, enforcement of Essential Services Maintenance Act 1952 on Pakistan International Airlines (PIA) and privatisation of the national flag carrier was filed in Supreme Court on Saturday.
Published 07 Feb, 2016 12:00am
Petition filed

Petition filed

A petition against ban on union activities, enforcement of Essential Services Maintenance Act 1952 on Pakistan International Airlines (PIA) and privatisation of the national flag carrier was filed in Supreme Court on Saturday.
Published 07 Feb, 2016 12:00am
Suicide bomb kills at least nine in Quetta

Suicide bomb kills at least nine in Quetta

Nine people were killed and more than 35 injured on Saturday when a suicide bomber on a bicycle blew himself up near a security forces truck, here, officials said. Two of the dead were paramilitary soldiers while seven were civilians, police said citing i
Published 07 Feb, 2016 12:00am
Suicide bomb kills at least nine in Quetta

Suicide bomb kills at least nine in Quetta

Nine people were killed and more than 35 injured on Saturday when a suicide bomber on a bicycle blew himself up near a security forces truck, here, officials said. Two of the dead were paramilitary soldiers while seven were civilians, police said citing i
Published 07 Feb, 2016 12:00am
'PIA flight operations partially restored'

'PIA flight operations partially restored'

Due to the government's efforts, PIA flight operation was partially restored to bring Umrah pilgrims back from Saudi Arabia to Pakistan, a private news channel reported in the wee hours of Sunday. The channel further said that a Boeing-777 of Pakistan Int
Published 07 Feb, 2016 12:00am
Rulers plundering country with both hands: Sarwar

Rulers plundering country with both hands: Sarwar

A large number of Pakistan Tehreek-e-Insaf (PTI) workers led by PTI former Organiser Punjab Chaudhary Mohammad Sarwar staged a protest demonstration on Saturday in Lahore in front of the Punjab Assembly against government's corruption, privatisation of PI
Published 07 Feb, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (February 06, 2016) and the forecast for Sunday (February 07, 2016).

Published 07 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 06, 2016).

Published 07 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 06, 2016).

Published 07 Feb, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 06, 2016).

Published 07 Feb, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 06, 2016)

Published 07 Feb, 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 (February 06, 2016).

Published 07 Feb, 2016 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (February 06, 2016).

Published 07 Feb, 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 (February 06, 2016).

Published 07 Feb, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 06, 2016).

Published 07 Feb, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 06, 2016).

Published 07 Feb, 2016 12:00am
THE RUPEE: further gains
Currency

THE RUPEE: further gains

The rupee maintained an upward trend against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee picked up 30 paisas versus the dollar for buying and selling at Rs 105.90 and Rs 106.10, respectively. The rupee als
Published 07 Feb, 2016 12:00am
THE RUPEE: further gains
Currency

THE RUPEE: further gains

The rupee maintained an upward trend against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee picked up 30 paisas versus the dollar for buying and selling at Rs 105.90 and Rs 106.10, respectively. The rupee als
Published 07 Feb, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (February 06, 2016).

Published 07 Feb, 2016 12:00am
Asian rice prices soften on low buying demand
Exchange

Asian rice prices soften on low buying demand

Asian rice prices eased slightly this week in the absence of key buyers, while demand for the Vietnamese variety, expected to turn cheaper in the coming weeks, could go up, traders said on Wednesday. The Philippines, one of the world's biggest rice import
Published 07 Feb, 2016 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Thursday to a two-month low, pressured by a stronger Canadian dollar and Statistics Canada's larger than expected estimate of year-end supplies. The government agency pegged Canada's December 31, 2015, canola stockpile
Published 07 Feb, 2016 12:00am
CBOT wheat futures fall on poor weekly export sales

CBOT wheat futures fall on poor weekly export sales

Wheat futures on the Chicago Board of Trade fell 1.5 percent on Thursday as poor weekly export sales data underscored weak demand for US supplies, traders said. CBOT March wheat settled down 7-1/4 cents at $4.72-3/4 per bushel. K.C. hard red winter and MG
Published 07 Feb, 2016 12:00am
Slow business on grain market
Cotton

Slow business on grain market

Most of the leading buyers were on the sidelines due to little interest in fresh buying on Saturday, dealers said. Commenting on the slow business, some experts said that in retail prices showed rise with gradual pace but in the wholesale rates remained u
Published 07 Feb, 2016 12:00am
US natural gas futures fall to lowest 2016 level
Exchange

US natural gas futures fall to lowest 2016 level

US natural gas futures fell to their lowest level so far this year on Thursday on a smaller-than-expected storage draw and forecasts for warmer weather over the next two weeks. Front-month gas futures on the New York Mercantile Exchange closed down 6.6 ce
Published 07 Feb, 2016 12:00am
Indian sugar mills shut early as drought trims cane supply

Indian sugar mills shut early as drought trims cane supply

Sugar mills in the western Indian state of Maharashtra, which typically operate over November to April, have started closing down earlier than usual as the first back-to-back drought in nearly three decades hit cane supplies in the country. Early closure
Published 07 Feb, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The March Vaida continued declining trend on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The March Vaida closed on Thursday at Rs 2151.60 and it commenced with a decline of 30 paisas at Rs 2151.30 in the ear
Published 07 Feb, 2016 12:00am
Cotton market: rates firm on hectic buying by mills, spinners
Cotton

Cotton market: rates firm on hectic buying by mills, spinners

Strong demand by spinners kept prices stable on the cotton market on Saturday, dealers said. The official spot rate was unchanged at Rs 5,400, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs 3000, in the Punjab, rates were at Rs 2300
Published 07 Feb, 2016 12:00am
European vegoils: palm oil eases on technical selling
Vegetable Oil

European vegoils: palm oil eases on technical selling

Crude palm oil on the European vegetable oils market eased on technical selling, with Malaysian palm oil futures closing with a slight decline because of a firmer ringgit. "Crude palm oil started firmer on the back of the stronger ringgit, but it wore off
Published 07 Feb, 2016 12:00am
Freight rates for capesize to stay flat due to lunar holiday
Exchange

Freight rates for capesize to stay flat due to lunar holiday

Freight rates for capesize bulk carriers on key Asian routes should remain flat next week as the Lunar New Year holiday in China will curtail chartering activity, shipbrokers said on Thursday. Capesize rates from Western Australia to China hit a near 17-y
Published 07 Feb, 2016 12:00am
Jordan tenders to buy wheat and barley

Jordan tenders to buy wheat and barley

Jordan's state grain buyer has issued new international tenders to purchase 100,000 tonnes of hard milling wheat and 100,000 tonnes of animal feed barley, both to be sourced from optional origins, European traders said on Thursday. The tender deadline for
Published 07 Feb, 2016 12:00am
Indonesia's rubber exports seen declining at least 8 percent

Indonesia's rubber exports seen declining at least 8 percent

Indonesia's rubber exports are expected to fall by at least 8 percent to 2.4 million tonnes in 2016 from 2.6 million tonnes a year ago, the Indonesian Rubber Association said on Thursday. Association chairman Moenarji said exports would decline by at leas
Published 07 Feb, 2016 12:00am
US Plains HRW wheat bids unchanged

US Plains HRW wheat bids unchanged

Spot basis bids for hard red winter wheat were unchanged in the southern US Plains on Thursday, grain merchandisers said. Protein premiums for railcar wheat to and through Kansas City fell 5 cents for wheat with 12.0 to 13.2, 13.8 and 14.0 percent protein
Published 07 Feb, 2016 12:00am
Ivory Coast cocoa quality to decline due to poor weather

Ivory Coast cocoa quality to decline due to poor weather

The quality of cocoa in top grower Ivory Coast's main crop has already fallen to levels normally seen later in the year as poor weather takes its toll, raising fears for the April-to-September mid-crop, exporters and farmers said on Thursday. Exporters ex
Published 07 Feb, 2016 12:00am
Vietnamese coffee trade slowing before holiday

Vietnamese coffee trade slowing before holiday

Trading in Vietnamese coffee has been dull despite gains in futures prices ahead of a long market holiday, while Indonesian prices appeared uncompetitive two months before its next harvest, traders said on Thursday. Vietnam, the world's largest producer o
Published 07 Feb, 2016 12:00am
US FOB Gulf soyabean premiums lower on dull demand

US FOB Gulf soyabean premiums lower on dull demand

Export premiums for soyabeans shipped from the US Gulf Coast were steady to weak on Thursday on seasonally slowing demand, while corn and wheat premiums held mostly steady, traders said. Egypt's GASC set another tender to buy wheat for March 2-11 after ca
Published 07 Feb, 2016 12:00am
EU wheat prices extend losses to new lows
Exchange

EU wheat prices extend losses to new lows

Benchmark European wheat prices extended losses on Thursday to hit their lowest in almost five months as a rally in the euro dented export hopes and reinforced fears of hefty stocks at the end of the season. The euro's strength offset potential support fr
Published 07 Feb, 2016 12:00am
Indonesian economy grows at slowest rate in six years

Indonesian economy grows at slowest rate in six years

Indonesia's economy grew at its slowest pace for six years in 2015, data showed Friday, as it was hit by plunging commodity prices and falling exports to key markets including China. Southeast Asia's largest economy grew 4.79 percent last year, the first
Published 07 Feb, 2016 12:00am
Argentina offers $6.5 billion cash deal to end debt battle
Exchange

Argentina offers $6.5 billion cash deal to end debt battle

Argentina offered a $6.5 billion cash payment to creditors suing the country over defaulted bonds on Friday, seeking to end a festering 14-year legal battle that transformed it into a financial markets pariah. Two out of six leading bondholders have alrea
Published 07 Feb, 2016 12:00am
Argentina offers $6.5 billion cash deal to end debt battle
Exchange

Argentina offers $6.5 billion cash deal to end debt battle

Argentina offered a $6.5 billion cash payment to creditors suing the country over defaulted bonds on Friday, seeking to end a festering 14-year legal battle that transformed it into a financial markets pariah. Two out of six leading bondholders have alrea
Published 07 Feb, 2016 12:00am
Canada jobless rate hits two-year high
Currency

Canada jobless rate hits two-year high

Canada lost 5,700 jobs in January and the unemployment rate edged up to a two-year high of 7.2 percent, in part because of further job losses in the oil-producing province of Alberta, underlining the economy's struggles with weak energy prices. Analysts p
Published 07 Feb, 2016 12:00am
China central bank to fine tune policy, keep yuan stable
Exchange

China central bank to fine tune policy, keep yuan stable

China will fine tune monetary policy and keep the yuan basically stable while guarding against systemic financial risks, the country's central bank said on Saturday in its fourth-quarter monetary policy report. China will also maintain an appropriate leve
Published 07 Feb, 2016 12:00am
China says EU should take steel dumping claims to WTO

China says EU should take steel dumping claims to WTO

China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel. WTO members
Published 07 Feb, 2016 12:00am
Peugeot would pay compensation for withdrawal during sanctions: Iran

Peugeot would pay compensation for withdrawal during sanctions: Iran

The French car-maker Peugeot would pay compensation to Iran according to a new contract signed with Tehran last month, for the losses inflicted through its sudden withdrawal from the Iranian market during the sanctions, Iran's minister of trade and indust
Published 07 Feb, 2016 12:00am
Russia mulls bonds issue for privatisation plan

Russia mulls bonds issue for privatisation plan

Russia is considering issuing bonds in some of its largest companies as part of a privatisation plan to cover a possible budget deficit this year, Finance Minister Anton Siluanov said on Saturday. Russia's preliminary plan to reduce government stakes in c
Published 07 Feb, 2016 12:00am
Russia mulls bonds issue for privatisation plan

Russia mulls bonds issue for privatisation plan

Russia is considering issuing bonds in some of its largest companies as part of a privatisation plan to cover a possible budget deficit this year, Finance Minister Anton Siluanov said on Saturday. Russia's preliminary plan to reduce government stakes in c
Published 07 Feb, 2016 12:00am
Pentagon's budget plan funds 404 Lockheed F-35 jets

Pentagon's budget plan funds 404 Lockheed F-35 jets

The US Defence Department plans to buy 404 Lockheed Martin Corp F-35 fighter jets over the next five years, a net decrease of 5 to 7 percent from last year's plan, sources familiar with the plans said on Friday. The orders will amount to about $40 billion
Published 07 Feb, 2016 12:00am
Pentagon's budget plan funds 404 Lockheed F-35 jets

Pentagon's budget plan funds 404 Lockheed F-35 jets

The US Defence Department plans to buy 404 Lockheed Martin Corp F-35 fighter jets over the next five years, a net decrease of 5 to 7 percent from last year's plan, sources familiar with the plans said on Friday. The orders will amount to about $40 billion
Published 07 Feb, 2016 12:00am
Washington lawmakers nix bill linking tax breaks to Boeing jobs
Exchange

Washington lawmakers nix bill linking tax breaks to Boeing jobs

Washington state lawmakers voted down a bill on Friday that would have forced Boeing to keep a minimum number of jobs in the state in exchange for receiving billions of dollars in tax breaks. The 7-8 vote in the state's House Finance committee means the m
Published 07 Feb, 2016 12:00am
Washington lawmakers nix bill linking tax breaks to Boeing jobs
Exchange

Washington lawmakers nix bill linking tax breaks to Boeing jobs

Washington state lawmakers voted down a bill on Friday that would have forced Boeing to keep a minimum number of jobs in the state in exchange for receiving billions of dollars in tax breaks. The 7-8 vote in the state's House Finance committee means the m
Published 07 Feb, 2016 12:00am
German Bilfinger sells Water Technologies unit to Chinese firm

German Bilfinger sells Water Technologies unit to Chinese firm

Struggling German industrial services group Bilfinger has agreed to sell its water treatment unit to Chengdu Techcent Environment Group for about 200 million euros ($223 million), it said on Saturday. Bilfinger, which in its heyday built the Sydney Opera
Published 07 Feb, 2016 12:00am
BlackBerry cuts 200 jobs in Ontario and Florida

BlackBerry cuts 200 jobs in Ontario and Florida

BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business.
Published 07 Feb, 2016 12:00am
Egypt sees World Bank funds arriving soon, eyes more Saudi aid

Egypt sees World Bank funds arriving soon, eyes more Saudi aid

Egypt expects to receive a $1 billion World Bank loan approved in December once outstanding paperwork is finalised and is negotiating to secure more aid from Saudi Arabia, International Cooperation Minister Sahar Nasr said on Thursday. Egypt has been nego
Published 07 Feb, 2016 12:00am
Jet Airways posts record quarterly net profit

Jet Airways posts record quarterly net profit

India's Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a series of losses. Jet, India's second largest carrie
Published 07 Feb, 2016 12:00am
Jet Airways posts record quarterly net profit

Jet Airways posts record quarterly net profit

India's Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a series of losses. Jet, India's second largest carrie
Published 07 Feb, 2016 12:00am
With full power at CBS, CEO Moonves sees more aggressive move to digital

With full power at CBS, CEO Moonves sees more aggressive move to digital

CBS Corp CEO Leslie Moonves, who was given the additional title of executive chairman this week, is planning more original content and looking at taking some of his network's shows off the air and putting them exclusively on its subscription-based CBS All
Published 07 Feb, 2016 12:00am
Greek farmer blockades pile pressure on government

Greek farmer blockades pile pressure on government

Greek farmers protesting against pension reforms heightened highway and border protests around the country on Saturday, piling pressure on the leftist government of Prime Minister Alexis Tsipras. Farmers in Thessaly began a one-day blockade of the main hi
Published 07 Feb, 2016 12:00am
Portugal, private investors agree to share control of TAP airline

Portugal, private investors agree to share control of TAP airline

The new Portuguese government and a private consortium that bought a 61 percent stake in flag carrier TAP last year have agreed in principle to give the state a larger stake and share control of the airline, leaving it under private management. After long
Published 07 Feb, 2016 12:00am
Hedge fund firm Standard Pacific Capital to shut

Hedge fund firm Standard Pacific Capital to shut

Standard Pacific Capital, the stock-focused hedge fund firm led by Doug Dillard and Raj Venkatesan, is shutting down, according to a letter sent to investors seen by Reuters. "After 21 rewarding years, Standard Pacific Capital has decided to return capita
Published 07 Feb, 2016 12:00am
Hedge fund firm Standard Pacific Capital to shut

Hedge fund firm Standard Pacific Capital to shut

Standard Pacific Capital, the stock-focused hedge fund firm led by Doug Dillard and Raj Venkatesan, is shutting down, according to a letter sent to investors seen by Reuters. "After 21 rewarding years, Standard Pacific Capital has decided to return capita
Published 07 Feb, 2016 12:00am
Mideast funds anticipate rebuilding equities positions
Currency

Mideast funds anticipate rebuilding equities positions

Many Middle East fund managers expect to start rebuilding their regional equities holdings in the next few months and have become less bearish towards bonds, a monthly Reuters survey shows. The survey of 14 leading fund managers, conducted over the past 1
Published 07 Feb, 2016 12:00am
Mideast funds anticipate rebuilding equities positions
Currency

Mideast funds anticipate rebuilding equities positions

Many Middle East fund managers expect to start rebuilding their regional equities holdings in the next few months and have become less bearish towards bonds, a monthly Reuters survey shows. The survey of 14 leading fund managers, conducted over the past 1
Published 07 Feb, 2016 12:00am
Hong Kong considering revision of share suspension rules
Exchange

Hong Kong considering revision of share suspension rules

Hong Kong regulators are considering revising the financial centre's share-suspension rules as pressure grows from hedge funds and other investors to bring them in line with Western markets, people with direct knowledge of the matter said. The private dis
Published 07 Feb, 2016 12:00am
TSX dips with weaker technology stocks
Exchange

TSX dips with weaker technology stocks

Canada's main stock index dipped on Friday as a selloff in US technology stocks spilled over to Canada's technology sector, but defensive names such as gold stocks helped cushion losses. Canadian stocks held up better than those on Wall Street despite a w
Published 07 Feb, 2016 12:00am
Uruguay plans up to US $1.5 billion in bonds

Uruguay plans up to US $1.5 billion in bonds

Uruguay intends to tap the international capital markets for up to US $1.5bn in 2016 as it sees to prefund for next year, according to the country's latest debt report. The South American country already has ample funds to cover approximately US $2bn in a
Published 07 Feb, 2016 12:00am
Uruguay plans up to US $1.5 billion in bonds

Uruguay plans up to US $1.5 billion in bonds

Uruguay intends to tap the international capital markets for up to US $1.5bn in 2016 as it sees to prefund for next year, according to the country's latest debt report. The South American country already has ample funds to cover approximately US $2bn in a
Published 07 Feb, 2016 12:00am
Treasuries outlook: prices rise as oil, China concerns weigh

Treasuries outlook: prices rise as oil, China concerns weigh

US Treasury debt prices ended higher on Friday as concerns about falling oil and stock prices added a safety bid to bonds, which had earlier weakened after a report showed wages grew in January. Oil fell on Friday afternoon before a meeting on Sunday betw
Published 07 Feb, 2016 12:00am
Treasuries outlook: prices rise as oil, China concerns weigh

Treasuries outlook: prices rise as oil, China concerns weigh

US Treasury debt prices ended higher on Friday as concerns about falling oil and stock prices added a safety bid to bonds, which had earlier weakened after a report showed wages grew in January. Oil fell on Friday afternoon before a meeting on Sunday betw
Published 07 Feb, 2016 12:00am
As oil suffers, Colombia eyes tough time for bond offer

As oil suffers, Colombia eyes tough time for bond offer

Colombia is preparing to tap the bond markets but at a rough time, as a slide in crude prices has dented fiscal accounts and is threatening the oil exporting nation's credit standing. Colombia hopes to offer a dollar or euro bond soon, Finance Minister Ma
Published 07 Feb, 2016 12:00am
As oil suffers, Colombia eyes tough time for bond offer

As oil suffers, Colombia eyes tough time for bond offer

Colombia is preparing to tap the bond markets but at a rough time, as a slide in crude prices has dented fiscal accounts and is threatening the oil exporting nation's credit standing. Colombia hopes to offer a dollar or euro bond soon, Finance Minister Ma
Published 07 Feb, 2016 12:00am
European funds raise eurozone bond, equity holdings

European funds raise eurozone bond, equity holdings

European funds raised their exposure to euro zone bonds and equities in January after the ECB hinted strongly that further easing could be on the way and European stocks plunged more than 20 percent, a Reuters poll showed on Friday. The poll of 18 Europea
Published 07 Feb, 2016 12:00am
European funds raise eurozone bond, equity holdings

European funds raise eurozone bond, equity holdings

European funds raised their exposure to euro zone bonds and equities in January after the ECB hinted strongly that further easing could be on the way and European stocks plunged more than 20 percent, a Reuters poll showed on Friday. The poll of 18 Europea
Published 07 Feb, 2016 12:00am
Eldorado Brasil considering bond, equity debut

Eldorado Brasil considering bond, equity debut

Eldorado Brasil SA, the pulp producer controlled by Brazil's billionaire Batista family, is considering selling global bonds or equity for the first time should market conditions turn favourable, Chief Executive Officer Josa Carlos Grubisich said on Tuesd
Published 07 Feb, 2016 12:00am
Previous Day