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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-22
Pending refunds: government actively working on bonds: Haroon

Pending refunds: government actively working on bonds: Haroon

Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue has said the government is actively working on a new scheme to issue bonds in lieu of pending refunds to the taxpayers particularly exporters. Speaking at Aaj News program 'Paisa Bolta Hai
Published 22 Feb, 2016 12:00am
Commission on census: CM says Sindh not taken into confidence

Commission on census: CM says Sindh not taken into confidence

Sindh Chief Minister Syed Qaim Ali Shah on Sunday urged the federal government not to delay census, instead make better and proper arrangements for conducting the same.He also complained of inadequate representation of the provinces on the Census Commissi
Published 22 Feb, 2016 12:00am
Foreigner held with heroin at Karachi Airport

Foreigner held with heroin at Karachi Airport

The Customs officials arrested a foreigner, who has swallowed heroin filled capsules, after screening at Karachi Airport on Sunday. The customs officials search the luggage and conducted x-ray of a suspected Nigerian citizen who arrived at Quaid-e-Azam In
Published 22 Feb, 2016 12:00am
Cotton farmers: UIG chairman demands bailout package
Cotton

Cotton farmers: UIG chairman demands bailout package

Chairman of the United International Group Mian Shahid on Sunday demanded a bailout package for cotton farmers affected by recent collapse of the crop less it hurt the cotton group which is mainstay of the economy.
Published 22 Feb, 2016 12:00am
Festival highlights value of various languages

Festival highlights value of various languages

The 2-day Pakistan Mother Languages Literature Festival was concluded here Sunday after highlighting the value of various languages spoken in Pakistan at the National Institute of Folk and Traditional Heritage, Lok Virsa. The event was organised in collab
Published 22 Feb, 2016 12:00am
Message from Dr Naubahar Sharif, Associate Professor HKUST

Message from Dr Naubahar Sharif, Associate Professor HKUST

Innovative activity, centered in businesses, has been shown to be the driver of growth in different countries, and over time. For this reason, it is extremely timely for The University of Central Punjab (UCP) to organize this third international conferenc
Published 22 Feb, 2016 12:00am
Message from Dr Muhammad Nadeem Dogar, Conference Secretary

Message from Dr Muhammad Nadeem Dogar, Conference Secretary

Research driven knowledge plays an important role in addressing organizational and social issues globally. International research conferences provide strategic forums where researchers and practitioners share their research work aiming to generate useful
Published 22 Feb, 2016 12:00am
Message from Dr Bilal Mirza, Conference Coordinator

Message from Dr Bilal Mirza, Conference Coordinator

This year's conference theme "Innovations in Business" is very timely and has provided an opportunity to bring forward academia and industry at one platform and share and learn from each other's experiences and knowledge. There is a dire need of industry
Published 22 Feb, 2016 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 15 to 19, 2016).

Published 22 Feb, 2016 12:00am
The Weather

The Weather

The weather report on Sunday (February 14, 2016) and the forecast for Monday (February 15, 2016).

Published 22 Feb, 2016 12:00am
Wins for Trump and Clinton

Wins for Trump and Clinton

Republican presidential frontrunner Donald Trump grabbed a big win in the South Carolina primary on Saturday, while Democrat Hillary Clinton breathed life into her sluggish campaign with a victory over Bernie Sanders in Nevada. The wins for the brash bill
Published 22 Feb, 2016 12:00am
Wins for Trump and Clinton

Wins for Trump and Clinton

Republican presidential frontrunner Donald Trump grabbed a big win in the South Carolina primary on Saturday, while Democrat Hillary Clinton breathed life into her sluggish campaign with a victory over Bernie Sanders in Nevada. The wins for the brash bill
Published 22 Feb, 2016 12:00am
THE RUPEE: moves both ways
Exchange

THE RUPEE: moves both ways

The rupee played both sides against the dollar on the money market during the week, ended on February 20, 2016. In the interbank market, the rupee gained 11 paisas versus the dollar for buying and selling at Rs 104.79 and Rs 104.80.
Published 22 Feb, 2016 12:00am
THE RUPEE: moves both ways
Exchange

THE RUPEE: moves both ways

The rupee played both sides against the dollar on the money market during the week, ended on February 20, 2016. In the interbank market, the rupee gained 11 paisas versus the dollar for buying and selling at Rs 104.79 and Rs 104.80.
Published 22 Feb, 2016 12:00am
Sindh APC on census demands civilian oversight

Sindh APC on census demands civilian oversight

There should not be any further delay in the holding of the 6th census in the country. The demand to this effect was made in a resolution adopted at an All- Party Conference (APC) held here on Sunday under the auspices of Pakistan People's Party (PPP), Si
Published 22 Feb, 2016 12:00am
Sindh APC on census demands civilian oversight

Sindh APC on census demands civilian oversight

There should not be any further delay in the holding of the 6th census in the country. The demand to this effect was made in a resolution adopted at an All- Party Conference (APC) held here on Sunday under the auspices of Pakistan People's Party (PPP), Si
Published 22 Feb, 2016 12:00am
London mayor backs Brexit in blow for Cameron

London mayor backs Brexit in blow for Cameron

London's mayor Boris Johnson on Sunday threw his weight behind the campaign for Britain to leave the European Union, in a blow for his old friend and rival Prime Minister David Cameron, who had appealed for his backing. "After a great deal of heartache...
Published 22 Feb, 2016 12:00am
London mayor backs Brexit in blow for Cameron

London mayor backs Brexit in blow for Cameron

London's mayor Boris Johnson on Sunday threw his weight behind the campaign for Britain to leave the European Union, in a blow for his old friend and rival Prime Minister David Cameron, who had appealed for his backing. "After a great deal of heartache...
Published 22 Feb, 2016 12:00am
Another bearish week

Another bearish week

The volatile Pakistan stocks braved another bearish week with benchmark KSE-100 index plunging by 1.4 percent or 452 points Week-on-Week (WoW) to 31,012. Amid continued foreign selling, daily trading turnover averaged 11.5 percent on 124 million shares wo
Published 22 Feb, 2016 12:00am
Another bearish week

Another bearish week

The volatile Pakistan stocks braved another bearish week with benchmark KSE-100 index plunging by 1.4 percent or 452 points Week-on-Week (WoW) to 31,012. Amid continued foreign selling, daily trading turnover averaged 11.5 percent on 124 million shares wo
Published 22 Feb, 2016 12:00am
Another bearish week

Another bearish week

The volatile Pakistan stocks braved another bearish week with benchmark KSE-100 index plunging by 1.4 percent or 452 points Week-on-Week (WoW) to 31,012. Amid continued foreign selling, daily trading turnover averaged 11.5 percent on 124 million shares wo
Published 22 Feb, 2016 12:00am
Indian army deployed to quell protests

Indian army deployed to quell protests

India deployed thousands of troops in a northern state on Sunday to quell protests that have severely hit water supplies to Delhi, a metropolis of more than 20 million, forced factories to close and killed 10 people.
Published 22 Feb, 2016 12:00am
Indian army deployed to quell protests

Indian army deployed to quell protests

India deployed thousands of troops in a northern state on Sunday to quell protests that have severely hit water supplies to Delhi, a metropolis of more than 20 million, forced factories to close and killed 10 people.
Published 22 Feb, 2016 12:00am
Sharmila Tagore stopped at Wagah border

Sharmila Tagore stopped at Wagah border

Veteran actress Sharmila Tagore could not cross the Wagah Border into India on Sunday as Federal Investigation Agency Immigration stopped her for not having a 'police report' of her stay in Lahore, according to private TV channel.
Published 22 Feb, 2016 12:00am
Over 15,000 bullets recovered

Over 15,000 bullets recovered

Counter Terrorism Department (CTD) Police on Sunday recovered over 15,000 bullets that were hidden by burying deep in the ground in North Karachi. According to details, police raided an under construction building in North Karachi and dug up the ground, c
Published 22 Feb, 2016 12:00am
All government projects 100 percent transparent: Rashid

All government projects 100 percent transparent: Rashid

Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid on Sunday said that all the projects initiated by the incumbent government under the Prime Minister's leadership were corruption-free and 100 per cent transparent.
Published 22 Feb, 2016 12:00am
IS blasts kill over 140 as US, Russia press Syria truce

IS blasts kill over 140 as US, Russia press Syria truce

A string of suicide bombings near a Shia shrine outside Syria's capital and in Homs claimed by jihadists killed at least 142 people Sunday, as Washington and Moscow worked to secure a cease-fire.
Published 22 Feb, 2016 12:00am
IS blasts kill over 140 as US, Russia press Syria truce

IS blasts kill over 140 as US, Russia press Syria truce

A string of suicide bombings near a Shia shrine outside Syria's capital and in Homs claimed by jihadists killed at least 142 people Sunday, as Washington and Moscow worked to secure a cease-fire.
Published 22 Feb, 2016 12:00am
Islamabad United thrash Peshawar Zalmi to reach final

Islamabad United thrash Peshawar Zalmi to reach final

Superb inning of opener Sharjeel Khan with first century of the Pakistan Super League, led Islamabad United to trounce relatively stronger Peshawar Zalmi with a huge margin of 50 runs in the last play-off match at the Dubai International Cricket Stadium l
Published 22 Feb, 2016 12:00am
Islamabad United thrash Peshawar Zalmi to reach final

Islamabad United thrash Peshawar Zalmi to reach final

Superb inning of opener Sharjeel Khan with first century of the Pakistan Super League, led Islamabad United to trounce relatively stronger Peshawar Zalmi with a huge margin of 50 runs in the last play-off match at the Dubai International Cricket Stadium l
Published 22 Feb, 2016 12:00am
13 killed in Benghazi

13 killed in Benghazi

Five members of security forces loyal to the internationally recognised Libyan authorities and eight fighters from rival groups were killed Sunday in clashes in Benghazi, the LANA news agency said. They were killed a day after 14 members of the security f
Published 22 Feb, 2016 12:00am
13 killed in Benghazi

13 killed in Benghazi

Five members of security forces loyal to the internationally recognised Libyan authorities and eight fighters from rival groups were killed Sunday in clashes in Benghazi, the LANA news agency said. They were killed a day after 14 members of the security f
Published 22 Feb, 2016 12:00am
Six killed in Michigan shooting rampage, suspect arrested

Six killed in Michigan shooting rampage, suspect arrested

A gunman killed six people in a shooting spree in the northern US state of Michigan, police said Sunday, after arresting an armed 45-year-old white male for the crime. Officials corrected an earlier report of seven dead, stating that one of the victims wa
Published 22 Feb, 2016 12:00am
Six killed in Michigan shooting rampage, suspect arrested

Six killed in Michigan shooting rampage, suspect arrested

A gunman killed six people in a shooting spree in the northern US state of Michigan, police said Sunday, after arresting an armed 45-year-old white male for the crime. Officials corrected an earlier report of seven dead, stating that one of the victims wa
Published 22 Feb, 2016 12:00am
Oil and gas reserves in KP: Centre not issuing NOC to US firms: Imran

Oil and gas reserves in KP: Centre not issuing NOC to US firms: Imran

Pakistan Tehreek-i-Insaf (PTI) chairman, Imran Khan, on Sunday said that instead of investing Rs2000 million on Orange Line project, the federal government should have spent the money on exploration of oil and gas reserves in Khyber Pakhtunkhwa (KP).
Published 22 Feb, 2016 12:00am
Oil and gas reserves in KP: Centre not issuing NOC to US firms: Imran

Oil and gas reserves in KP: Centre not issuing NOC to US firms: Imran

Pakistan Tehreek-i-Insaf (PTI) chairman, Imran Khan, on Sunday said that instead of investing Rs2000 million on Orange Line project, the federal government should have spent the money on exploration of oil and gas reserves in Khyber Pakhtunkhwa (KP).
Published 22 Feb, 2016 12:00am
Oil and gas reserves in KP: Centre not issuing NOC to US firms: Imran

Oil and gas reserves in KP: Centre not issuing NOC to US firms: Imran

Pakistan Tehreek-i-Insaf (PTI) chairman, Imran Khan, on Sunday said that instead of investing Rs2000 million on Orange Line project, the federal government should have spent the money on exploration of oil and gas reserves in Khyber Pakhtunkhwa (KP).
Published 22 Feb, 2016 12:00am
Russia's minister on surprise visit to Iran

Russia's minister on surprise visit to Iran

Russia's Defence Minister Sergei Shoigu on Sunday started a previously unannounced visit to Tehran with the conflict in Syria high on his agenda, Iranian state media reported.
Published 22 Feb, 2016 12:00am
Russia's minister on surprise visit to Iran

Russia's minister on surprise visit to Iran

Russia's Defence Minister Sergei Shoigu on Sunday started a previously unannounced visit to Tehran with the conflict in Syria high on his agenda, Iranian state media reported.
Published 22 Feb, 2016 12:00am
Shahbaz underlines importance of Punjabi as mother language

Shahbaz underlines importance of Punjabi as mother language

Chief Minister Punjab Muhammad Shahbaz Sharif has said that Punjabi is the most spoken language in the country as 48 percent people speak Punjabi and its importance as mother language could not be ignored in the present modern era.
Published 22 Feb, 2016 12:00am
Successful surgery of liver tumour carried out at LGH

Successful surgery of liver tumour carried out at LGH

A successful surgery of malignant liver tumour of a lady patient has been carried out at Lahore General Hospital for the first time. 28 years Azra, a mother of four kids, was operated by Dr Sikandar Hayat Gondal, Dr Naeem Ahmed and their team who have bee
Published 22 Feb, 2016 12:00am
Kitchen gardening gains popularity in Punjab

Kitchen gardening gains popularity in Punjab

Agriculture department has finalised necessary arrangements for the sale of seed kits of summer vegetables among the growers of Kitchen gardening across Punjab. Sources in local agriculture department told Business Recorder on Sunday that Vegetable
Published 22 Feb, 2016 12:00am
Earthquake hits various parts of KP

Earthquake hits various parts of KP

An earthquake of 5.9 magnitudes was struck various parts of Khyber Pakhtunkhwa on Sunday. The quake originated from the Hindu Kush hills region in Afghanistan and occurred at a focal depth of 157 Kilometers (LAT: 36.48N and Long: 70.90E) hit different par
Published 22 Feb, 2016 12:00am
CPEC to give boost to agriculture sector: PARC

CPEC to give boost to agriculture sector: PARC

Pakistan Agriculture Research Council (PARC) on Sunday said that the mega project of China-Pakistan Economic Corridor (CPEC) would give a tremendous boost to agriculture in the country. "The PARC is playing leading role to educate farmers of Balochistan i
Published 22 Feb, 2016 12:00am
Elections to be held on time: AJK PM

Elections to be held on time: AJK PM

Prime Minister of Azad Jammu & Kashmir (AJK) Chaudhry Abdul Majeed said on Sunday that the general elections in AJK will be held on time and will not be delayed even for a single hour. Addressing a press conference at the PM House here, AJK PM said that h
Published 22 Feb, 2016 12:00am
Death toll climbs to five in 24-hour gunbattle in IHK

Death toll climbs to five in 24-hour gunbattle in IHK

A second soldier was killed Sunday in a continuing gunbattle between feedom fighters and troops and police in Indian held Kashmir, taking the overall death toll in the day-long clashes to five. The attackers, thought to number three or four, ambushed a pa
Published 22 Feb, 2016 12:00am
Prices of essential food items register decline

Prices of essential food items register decline

Amid the recent decease in prices of petroleum products, the prices of essential food items registered a declining trend, giving a sigh of relief to the poverty-stricken masses. The cut in oil prices by Rs 5 per litre at the start of the month had a posit
Published 22 Feb, 2016 12:00am
Peshawar District Admin, CECOS University sign MoU

Peshawar District Admin, CECOS University sign MoU

The District Administration Peshawar has signed a Memorandum of Understanding (MoU) with CECOS University to preserve and conserve archaeological heritages, historic buildings, and restoration of the old glory of the walled city. A formal ceremony in this
Published 22 Feb, 2016 12:00am
Lahore Literary Festival concludes

Lahore Literary Festival concludes

The truncated Lahore Literary Festival (LLF) ended here on Sunday night with mixed feelings as the organisers had to squeeze three day' exhaustive programme in two days annoying the Punjabi writers for their being left out in the shortened version of the
Published 22 Feb, 2016 12:00am
US CG says Pakistan has bright future
Exchange

US CG says Pakistan has bright future

US Consul General to Lahore Zachary Harkenrider has said Pakistan has a bright future ahead and all efforts of the US Mission were dedicated towards a stable, peaceful and prosperous Pakistan. "I am confident Pakistan will find a path to the current secur
Published 22 Feb, 2016 12:00am
French embassy pays tribute to Nusrat Fateh Ali Khan

French embassy pays tribute to Nusrat Fateh Ali Khan

The Embassy of France in Pakistan and Alliance Francaise d' Islamabad arranged a Qawali musical evening here to pay tribute to Qawali legend Ustad Nusrat Fateh Ali Khan. A foreword was presented by Monsieur Pierre Alain Baud on the occasion who also wrote
Published 22 Feb, 2016 12:00am
Death of BR staffer's father condoled

Death of BR staffer's father condoled

Provincial Minister for Zakat and Ushr Malik Nadeem Kamran and Provincial Minister for Fisheries, Wildlife and Forests Malik Muhammad Asif Bha Awan have expressed deep sense of sorrow and grief over the death of S. Abdul Hameed, father of Nadeem ul Hassan
Published 22 Feb, 2016 12:00am
Musharraf advised to take complete rest

Musharraf advised to take complete rest

Doctors on Sunday advised former President General Pervez Musharraf (retd) to take rest after his complete medical examination. A three-member team of PNS Shifa visited the residence of Pervez Musharraf for his check-up, as he was not feeling well due to
Published 22 Feb, 2016 12:00am
Violence in Haryana: Lahore-Delhi bus service temporarily suspended

Violence in Haryana: Lahore-Delhi bus service temporarily suspended

Pakistan has temporarily suspended Lahore-Delhi 'Dosti Bus Service' at India's request in the wake of cast related violence in its Haryana state. A bus carrying 20 passengers was scheduled to leave Lahore for Delhi at 7.30 am yesterday Pakistan Tourism De
Published 22 Feb, 2016 12:00am
Eye diseases: Role of COAVS in diagnostic, treatment facilities hailed

Eye diseases: Role of COAVS in diagnostic, treatment facilities hailed

Secretary Specialised Healthcare & Medical Education Punjab Najam Ahmad Shah has said that College of Ophthalmology and Allied Vision Sciences, King Edward Medical University, Mayo Hospital has rendered significant role in introducing latest technology an
Published 22 Feb, 2016 12:00am
'Bill being floated to confiscate 'Benami' bank accounts'

'Bill being floated to confiscate 'Benami' bank accounts'

Business friendly government of PML (N) intends to facilitate the small traders by offering immunity to their bank accounts under Voluntary Tax Compliance Scheme (VTCS) 2016 from smugglers, drug barons and corrupt mafia and in this connection a new bill i
Published 22 Feb, 2016 12:00am
Orange Line Metro Train: UNESCO team meets CM Punjab

Orange Line Metro Train: UNESCO team meets CM Punjab

A delegation led by Programme Specialist World Heritage Centre, UNESCO Junhi Han met Punjab Chief Minister Muhammad Shahbaz Sharif, here Sunday. Matters regarding measures for conservation of historical sites on the route of Lahore Orange Line Metro Train
Published 22 Feb, 2016 12:00am
DG Fisheries for modern techniques of aquaculture

DG Fisheries for modern techniques of aquaculture

Director General Fisheries Punjab Dr Muhammad Ayub has said that use of modern techniques of aquaculture can help in improvement in quality and production of fish. He said that all out measures are being taken for the provision of better and timely servic
Published 22 Feb, 2016 12:00am
PML-Q bodies dissolved: Elahi forms three committees in Punjab

PML-Q bodies dissolved: Elahi forms three committees in Punjab

Senior central leader of Pakistan Muslim League-Q Chaudhry Pervez Elahi has dissolved party organisations in Punjab and appointed three committees to make recommendations for reorganisation of the party in the province.
Published 22 Feb, 2016 12:00am
Ayaz Sadiq meets Shahbaz

Ayaz Sadiq meets Shahbaz

Speaker National Assembly Sardar Ayaz Sadiq met Punjab Chief Minister Muhammad Shahbaz Sharif, here Sunday. Speaking on the occasion, the Chief Minister said that selfless service to the people and bringing deprived segments into mainstream of development
Published 22 Feb, 2016 12:00am
Corruption has emerged as biggest menace: JI

Corruption has emerged as biggest menace: JI

Chief of Jamaat e Islami, Pakistan, Senator Sirajul Haq, has said that half of the country's population was deprived of the basic facilities of life but the priorities of the ruling junta were different. He said if the masses meekly bore the oppression an
Published 22 Feb, 2016 12:00am
Sindh Governor visits ASH

Sindh Governor visits ASH

Governor Sindh Dr Ishrat-ul-Ebad Khan has called for a detailed working paper for the constitution of a board comprising medical experts and philanthropists to ensure provision of better health facilities to patients at Abbasi Shaheed Hospital (ASH). This
Published 22 Feb, 2016 12:00am
Workshop

Workshop

United Nations Office on Drugs and Crimes (UNODC) country office in collaboration with Federal Investigation Agency (FIA) organised a two-day training workshop on travel documents to build capacity of the frontline immigration officers of Bacha Khan Inter
Published 22 Feb, 2016 12:00am
Tunisia extends state of emergency by one month

Tunisia extends state of emergency by one month

Tunisia said Sunday it would extend by one month a nation-wide state of emergency imposed after a November suicide bombing claimed by the Islamic State group killed 12 presidential guards. The presidency, in a statement on its official Facebook page, said
Published 22 Feb, 2016 12:00am
Czechs to send 100 troops to Nato's eastern flank

Czechs to send 100 troops to Nato's eastern flank

The Czech Republic is ready to send around 100 soldiers to the eastern flank of Nato to help reinforce the Baltics and Poland and deter Russia, Defence Minister Martin Stropnicky said on Sunday. The move is in line with a Nato plan, announced on February
Published 22 Feb, 2016 12:00am
Macedonia closes border to Afghan migrants

Macedonia closes border to Afghan migrants

Afghan migrants seeking to travel through the Balkans to northern Europe were barred from entering Macedonia on Sunday, Greek police on the border said. "We were warned this morning that Macedonian authorities would no longer let Afghans pass," a Greek po
Published 22 Feb, 2016 12:00am
Vintage steam train crashes in Switzerland, injuring 16

Vintage steam train crashes in Switzerland, injuring 16

A vintage steam-driven train crashed late Saturday into a parked train vehicle south of the Swiss city of Zurich, injuring 16 people, police said. The vintage 19th century train was carrying a total of 56 passengers to Zurich when it crashed shortly after
Published 22 Feb, 2016 12:00am
Leading Hindu priest decapitated in Bangladesh

Leading Hindu priest decapitated in Bangladesh

A top Hindu priest was decapitated by attackers in northern Bangladesh Sunday and two worshippers wounded, police said, in the latest assault targeting minorities in the Muslim-majority nation.
Published 22 Feb, 2016 12:00am
Fiji super cyclone kills five, raises fears of health crisis

Fiji super cyclone kills five, raises fears of health crisis

Downed power lines and flooding are hampering relief efforts in Fiji after one of the most powerful storms recorded in the southern hemisphere tore through the Pacific island nation, flattening remote villages and killing at least five people.
Published 22 Feb, 2016 12:00am
Missing radioactive material found dumped in south Iraq

Missing radioactive material found dumped in south Iraq

Radioactive material that went missing in Iraq has been found dumped near a petrol station in the southern town of Zubair, officials said on Sunday, ending speculation it could be acquired by Islamic State and used as a weapon. The officials told Reuters
Published 22 Feb, 2016 12:00am
Australia issues security alert for Kuala Lumpur

Australia issues security alert for Kuala Lumpur

The Australian government warned on Sunday that terrorists may be planning attacks in and around the Malaysian capital Kuala Lumpur. Malaysia has been on high alert since a bomb and gun attack in Indonesia's capital in January, which was claimed by the Is
Published 22 Feb, 2016 12:00am
Thousands in Japan rally against US base on Okinawa

Thousands in Japan rally against US base on Okinawa

Thousands of people surrounded Japan's parliament on Sunday to protest against government plans to relocate a US military base on Okinawa island, local media reported. Kyodo news agency said some 28,000 protesters had ringed parliament house in central To
Published 22 Feb, 2016 12:00am
US Air Force drone crashes in southern Afghanistan

US Air Force drone crashes in southern Afghanistan

An unmanned American aircraft crashed at an airfield in southern Afghanistan less than three months after an identical drone went down in November, a US Air Force spokesman said on Sunday.
Published 22 Feb, 2016 12:00am
Wall Street week ahead: focus sharpens on Fed after hot inflation data

Wall Street week ahead: focus sharpens on Fed after hot inflation data

With next week's calendar full of economic data releases and speeches by economic policymakers, investors have been poised to watch the Federal Reserve for clues about the US central bank's next move, but an unexpectedly hot reading on inflation on Friday
Published 22 Feb, 2016 12:00am
US-based stock funds get most cash in over two years
Mutual Funds

US-based stock funds get most cash in over two years

Investors in US-based mutual funds poured $8.1 billion into stock funds in the latest week, marking the biggest inflows since November 2013 on views that recent weakness has made US shares more attractive and overseas stocks remained promising.
Published 22 Feb, 2016 12:00am
US-based stock funds get most cash in over two years
Mutual Funds

US-based stock funds get most cash in over two years

Investors in US-based mutual funds poured $8.1 billion into stock funds in the latest week, marking the biggest inflows since November 2013 on views that recent weakness has made US shares more attractive and overseas stocks remained promising.
Published 22 Feb, 2016 12:00am
Egyptian dairy firm Domty plans to list in March
Exchange

Egyptian dairy firm Domty plans to list in March

Egyptian dairy firm Arabian Food Industries Co (Domty) is planning an initial public offering (IPO) on the Cairo bourse in March, Chairman and Managing Director Omar El Damaty said on Wednesday. Food is seen as a fast-growing sector in the Arab nation of
Published 22 Feb, 2016 12:00am
Egyptian dairy firm Domty plans to list in March
Exchange

Egyptian dairy firm Domty plans to list in March

Egyptian dairy firm Arabian Food Industries Co (Domty) is planning an initial public offering (IPO) on the Cairo bourse in March, Chairman and Managing Director Omar El Damaty said on Wednesday. Food is seen as a fast-growing sector in the Arab nation of
Published 22 Feb, 2016 12:00am
Goodbye capital preservation, hello damage limitation: money funds

Goodbye capital preservation, hello damage limitation: money funds

Money market funds in Europe that can no longer return all your cash remain popular with companies due to a lack of alternatives, even if an era of increasingly negative interest rates may demand a broader rethink of cash management.
Published 22 Feb, 2016 12:00am
Goodbye capital preservation, hello damage limitation: money funds

Goodbye capital preservation, hello damage limitation: money funds

Money market funds in Europe that can no longer return all your cash remain popular with companies due to a lack of alternatives, even if an era of increasingly negative interest rates may demand a broader rethink of cash management.
Published 22 Feb, 2016 12:00am
Egyptian pound steady at forex sale and black market
Exchange

Egyptian pound steady at forex sale and black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday and on the black market, with traders limiting their transactions to regular clients after the central bank began cracking down on unofficial trading.
Published 22 Feb, 2016 12:00am
Avant pays up on first rated deal

Avant pays up on first rated deal

Online lender Avant is poised to pay investors hearty yields of up to 10% to clear its first rated securtization of personal loans to middle-class borrowers. Avant hired Kroll Bond Rating Agency to rate its three-tranche US $300m bond, with the hope of at
Published 22 Feb, 2016 12:00am
Avant pays up on first rated deal

Avant pays up on first rated deal

Online lender Avant is poised to pay investors hearty yields of up to 10% to clear its first rated securtization of personal loans to middle-class borrowers. Avant hired Kroll Bond Rating Agency to rate its three-tranche US $300m bond, with the hope of at
Published 22 Feb, 2016 12:00am
Gulf markets lose steam as optimism over oil producer deal fades

Gulf markets lose steam as optimism over oil producer deal fades

Most Gulf stock markets edged down on Sunday after oil prices pulled back on Friday, as optimism faded over a proposed deal among crude producers to cap output. A rise in shares of Commercial International Bank buoyed Egypt's bourse.
Published 22 Feb, 2016 12:00am
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