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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-03-21
Departure of Musharraf: Nisar deplores criticism

Departure of Musharraf: Nisar deplores criticism

Minister for Interior Chaudhry Nisar Ali Khan on Sunday strongly deplored the elements engaged in unnecessary criticism of departure of former ruler General Pervez Musharraf (retd) and described it as 'plain hypocrisy and show of their dual standards.' Mu
Published 21 Mar, 2016 12:00am
Departure of Musharraf: Nisar deplores criticism

Departure of Musharraf: Nisar deplores criticism

Minister for Interior Chaudhry Nisar Ali Khan on Sunday strongly deplored the elements engaged in unnecessary criticism of departure of former ruler General Pervez Musharraf (retd) and described it as 'plain hypocrisy and show of their dual standards.' Mu
Published 21 Mar, 2016 12:00am
US President in Cuba

US President in Cuba

Barack Obama on Sunday became the first US president in 88 years to visit Cuba, touching down in Havana for a landmark trip aimed at ending decades of Cold War animosity.
Published 21 Mar, 2016 12:00am
US President in Cuba

US President in Cuba

Barack Obama on Sunday became the first US president in 88 years to visit Cuba, touching down in Havana for a landmark trip aimed at ending decades of Cold War animosity.
Published 21 Mar, 2016 12:00am
Shafqat apologises over national anthem error

Shafqat apologises over national anthem error

Popular singer Shafqat Amanat Ali apologised to the nation on Sunday after a botched job of singing the national anthem in India disappointed fans back home and sparked criticism on social media. The singer was representing Pakistan on Saturday to sing th
Published 21 Mar, 2016 12:00am
Shafqat apologises over national anthem error

Shafqat apologises over national anthem error

Popular singer Shafqat Amanat Ali apologised to the nation on Sunday after a botched job of singing the national anthem in India disappointed fans back home and sparked criticism on social media. The singer was representing Pakistan on Saturday to sing th
Published 21 Mar, 2016 12:00am
THE RUPEE: firmer trend
Exchange

THE RUPEE: firmer trend

The rupee showed modest recovery against the dollar on the money market during the week, ended on March 19, 2016. In the interbank market, the national currency almost held it's levels versus the dollar for buying and selling at Rs 104.68 and Rs 104.70.
Published 21 Mar, 2016 12:00am
THE RUPEE: firmer trend
Exchange

THE RUPEE: firmer trend

The rupee showed modest recovery against the dollar on the money market during the week, ended on March 19, 2016. In the interbank market, the national currency almost held it's levels versus the dollar for buying and selling at Rs 104.68 and Rs 104.70.
Published 21 Mar, 2016 12:00am
Starwood scores first US-Cuba hotel deals since 1959

Starwood scores first US-Cuba hotel deals since 1959

Starwood Hotels & Resorts World-wide said Saturday it has signed three hotel deals in Cuba, a first for a US hospitality company since the 1959 revolution on the communist-run island.
Published 21 Mar, 2016 12:00am
Starwood scores first US-Cuba hotel deals since 1959

Starwood scores first US-Cuba hotel deals since 1959

Starwood Hotels & Resorts World-wide said Saturday it has signed three hotel deals in Cuba, a first for a US hospitality company since the 1959 revolution on the communist-run island.
Published 21 Mar, 2016 12:00am
Starwood scores first US-Cuba hotel deals since 1959

Starwood scores first US-Cuba hotel deals since 1959

Starwood Hotels & Resorts World-wide said Saturday it has signed three hotel deals in Cuba, a first for a US hospitality company since the 1959 revolution on the communist-run island.
Published 21 Mar, 2016 12:00am
US opens Airbnb in Cuba to global travellers

US opens Airbnb in Cuba to global travellers

Ahead of President Barack Obama's landmark trip to Cuba, the US government has given Airbnb the green light to accept bookings in Cuba from non-American customers. The San Francisco company's website said Sunday it had received a license from the US Treas
Published 21 Mar, 2016 12:00am
US opens Airbnb in Cuba to global travellers

US opens Airbnb in Cuba to global travellers

Ahead of President Barack Obama's landmark trip to Cuba, the US government has given Airbnb the green light to accept bookings in Cuba from non-American customers. The San Francisco company's website said Sunday it had received a license from the US Treas
Published 21 Mar, 2016 12:00am
US opens Airbnb in Cuba to global travellers

US opens Airbnb in Cuba to global travellers

Ahead of President Barack Obama''s landmark trip to Cuba, the US government has given Airbnb the green light to accept bookings in Cuba from non-American customers. The San Francisco company''s website said Sunday it had received a license from the US Tre
Published 21 Mar, 2016 12:00am
Dar appreciates ADB support
Exchange

Dar appreciates ADB support

Finance Minister Ishaq Dar on Sunday appreciated the continued support that Asian Development Bank (ADB) is extending to Pakistan for socio-economic development in the country. Finance Minister, Senator Ishaq Dar stated this in a meeting with the Country
Published 21 Mar, 2016 12:00am
Dar appreciates ADB support
Exchange

Dar appreciates ADB support

Finance Minister Ishaq Dar on Sunday appreciated the continued support that Asian Development Bank (ADB) is extending to Pakistan for socio-economic development in the country. Finance Minister, Senator Ishaq Dar stated this in a meeting with the Country
Published 21 Mar, 2016 12:00am
Dar appreciates ADB support
Exchange

Dar appreciates ADB support

Finance Minister Ishaq Dar on Sunday appreciated the continued support that Asian Development Bank (ADB) is extending to Pakistan for socio-economic development in the country. Finance Minister, Senator Ishaq Dar stated this in a meeting with the Country
Published 21 Mar, 2016 12:00am
July-March collection: steps help FBR achieve 33.2 percent growth

July-March collection: steps help FBR achieve 33.2 percent growth

The taxation measures taken in last December including imposition of regulatory duties (RDs) and additional raise in customs tariff by one percent enabled the Federal Board of Revenue (FBR) to show growth of 33.2 percent in customs duty collection in July
Published 21 Mar, 2016 12:00am
July-March collection: steps help FBR achieve 33.2 percent growth

July-March collection: steps help FBR achieve 33.2 percent growth

The taxation measures taken in last December including imposition of regulatory duties (RDs) and additional raise in customs tariff by one percent enabled the Federal Board of Revenue (FBR) to show growth of 33.2 percent in customs duty collection in July
Published 21 Mar, 2016 12:00am
July-March collection: steps help FBR achieve 33.2 percent growth

July-March collection: steps help FBR achieve 33.2 percent growth

The taxation measures taken in last December including imposition of regulatory duties (RDs) and additional raise in customs tariff by one percent enabled the Federal Board of Revenue (FBR) to show growth of 33.2 percent in customs duty collection in July
Published 21 Mar, 2016 12:00am
EU-Turkey deal fails to stem refugee flight to Greece

EU-Turkey deal fails to stem refugee flight to Greece

They waved, cheered and smiled, elated to have made it to Europe at dawn on Sunday in a packed blue rubber motor boat. The 50 or so refugees and migrants were among the first to arrive on the Greek island of Lesbos on day one of an EU deal with Turkey des
Published 21 Mar, 2016 12:00am
EU-Turkey deal fails to stem refugee flight to Greece

EU-Turkey deal fails to stem refugee flight to Greece

They waved, cheered and smiled, elated to have made it to Europe at dawn on Sunday in a packed blue rubber motor boat. The 50 or so refugees and migrants were among the first to arrive on the Greek island of Lesbos on day one of an EU deal with Turkey des
Published 21 Mar, 2016 12:00am
PSX gains 1.3 percent

PSX gains 1.3 percent

Pakistan stocks ended the week on a positive note with KSE100 index gaining 1.3 per cent to close at 33,080 points. The number of shares traded daily averaged five per cent down on 167 million, while the traded value depleted 13pc to Rs7.9 billion or $75
Published 21 Mar, 2016 12:00am
PSX gains 1.3 percent

PSX gains 1.3 percent

Pakistan stocks ended the week on a positive note with KSE100 index gaining 1.3 per cent to close at 33,080 points. The number of shares traded daily averaged five per cent down on 167 million, while the traded value depleted 13pc to Rs7.9 billion or $75
Published 21 Mar, 2016 12:00am
PSX gains 1.3 percent

PSX gains 1.3 percent

Pakistan stocks ended the week on a positive note with KSE100 index gaining 1.3 per cent to close at 33,080 points. The number of shares traded daily averaged five per cent down on 167 million, while the traded value depleted 13pc to Rs7.9 billion or $75
Published 21 Mar, 2016 12:00am
Auto policy termed 'devastating'

Auto policy termed 'devastating'

Local auto industry has portrayed the new five-year auto policy 2016-21 as "devastating". Industry sources told Business Recorder that the representatives of Japanese auto assemblers held a detailed meeting on Saturday in Karachi to discuss negativ
Published 21 Mar, 2016 12:00am
Auto policy termed 'devastating'

Auto policy termed 'devastating'

Local auto industry has portrayed the new five-year auto policy 2016-21 as "devastating". Industry sources told Business Recorder that the representatives of Japanese auto assemblers held a detailed meeting on Saturday in Karachi to discuss negativ
Published 21 Mar, 2016 12:00am
Auto policy termed ''devastating''

Auto policy termed ''devastating''

Local auto industry has portrayed the new five-year auto policy 2016-21 as "devastating". Industry sources told Business Recorder that the representatives of Japanese auto assemblers held a detailed meeting on Saturday in Karachi to discuss negativ
Published 21 Mar, 2016 12:00am
Morocco expels over 80 members of UN mission in W Sahara

Morocco expels over 80 members of UN mission in W Sahara

More than 80 civilian members of a UN mission have left Western Sahara under a Moroccan expulsion order, airport sources and an AFP correspondent in the disputed territory said Sunday. It was the latest chapter in a row between Morocco and the world body
Published 21 Mar, 2016 12:00am
Two schoolchildren killed, nine missing in avalanche

Two schoolchildren killed, nine missing in avalanche

Rescuers on Sunday found the bodies of two schoolchildren hit by an avalanche in the mountainous north-west, while around nine more remain buried beneath the snow. The disaster struck on Saturday afternoon near the village of Susom, some 40 kilometres (24
Published 21 Mar, 2016 12:00am
Two schoolchildren killed, nine missing in avalanche

Two schoolchildren killed, nine missing in avalanche

Rescuers on Sunday found the bodies of two schoolchildren hit by an avalanche in the mountainous north-west, while around nine more remain buried beneath the snow. The disaster struck on Saturday afternoon near the village of Susom, some 40 kilometres (24
Published 21 Mar, 2016 12:00am
Oil prices may soar by Rs 3.50/litre

Oil prices may soar by Rs 3.50/litre

Oil and Gas Regulatory Authority (OGRA) is all set to send a summary to Finance Ministry, suggesting up to Rs 3.50/litre increase in petroleum products' prices. The ministry has stated that a consistent increase in Arab light crude oil is being witnessed
Published 21 Mar, 2016 12:00am
Oil prices may soar by Rs 3.50/litre

Oil prices may soar by Rs 3.50/litre

Oil and Gas Regulatory Authority (OGRA) is all set to send a summary to Finance Ministry, suggesting up to Rs 3.50/litre increase in petroleum products' prices. The ministry has stated that a consistent increase in Arab light crude oil is being witnessed
Published 21 Mar, 2016 12:00am
Oil prices may soar by Rs 3.50/litre

Oil prices may soar by Rs 3.50/litre

Oil and Gas Regulatory Authority (OGRA) is all set to send a summary to Finance Ministry, suggesting up to Rs 3.50/litre increase in petroleum products'' prices. The ministry has stated that a consistent increase in Arab light crude oil is being witnessed
Published 21 Mar, 2016 12:00am
'Kes' writer Barry Hines dies in Britain

'Kes' writer Barry Hines dies in Britain

Author Barry Hines, whose novel "A Kestrel For A Knave" captured the spirit of 1960s British working-class youth and was the basis for Ken Loach's award-winning film "Kes", has died, friends said Sunday.
Published 21 Mar, 2016 12:00am
'Kes' writer Barry Hines dies in Britain

'Kes' writer Barry Hines dies in Britain

Author Barry Hines, whose novel "A Kestrel For A Knave" captured the spirit of 1960s British working-class youth and was the basis for Ken Loach's award-winning film "Kes", has died, friends said Sunday.
Published 21 Mar, 2016 12:00am
PIA bill: Shah contacts Opposition leaders

PIA bill: Shah contacts Opposition leaders

Leader of the Opposition in the National Assembly Syed Khurshaid Shah Sunday reportedly contacted parliamentary leaders of opposition parties and requested them to have a joint strategy against the government move to push through a legislation designed to
Published 21 Mar, 2016 12:00am
PIA bill: Shah contacts Opposition leaders

PIA bill: Shah contacts Opposition leaders

Leader of the Opposition in the National Assembly Syed Khurshaid Shah Sunday reportedly contacted parliamentary leaders of opposition parties and requested them to have a joint strategy against the government move to push through a legislation designed to
Published 21 Mar, 2016 12:00am
PIA bill: Shah contacts Opposition leaders

PIA bill: Shah contacts Opposition leaders

Leader of the Opposition in the National Assembly Syed Khurshaid Shah Sunday reportedly contacted parliamentary leaders of opposition parties and requested them to have a joint strategy against the government move to push through a legislation designed to
Published 21 Mar, 2016 12:00am
Saudi Arabia offers $1.5 billion to fund Egypt's Sinai projects

Saudi Arabia offers $1.5 billion to fund Egypt's Sinai projects

Egypt said on Sunday that Saudi Arabia has offered $1.5 billion to help finance economic projects in the Sinai Peninsula, as Riyadh continues to bolster its ties with Cairo. Saudi Arabia, a staunch supporter of President Abdel Fattah al-Sisi's regime, has
Published 21 Mar, 2016 12:00am
Saudi Arabia offers $1.5 billion to fund Egypt's Sinai projects

Saudi Arabia offers $1.5 billion to fund Egypt's Sinai projects

Egypt said on Sunday that Saudi Arabia has offered $1.5 billion to help finance economic projects in the Sinai Peninsula, as Riyadh continues to bolster its ties with Cairo. Saudi Arabia, a staunch supporter of President Abdel Fattah al-Sisi's regime, has
Published 21 Mar, 2016 12:00am
Saudi Arabia offers $1.5 billion to fund Egypt''s Sinai projects

Saudi Arabia offers $1.5 billion to fund Egypt''s Sinai projects

Egypt said on Sunday that Saudi Arabia has offered $1.5 billion to help finance economic projects in the Sinai Peninsula, as Riyadh continues to bolster its ties with Cairo. Saudi Arabia, a staunch supporter of President Abdel Fattah al-Sisi''s regime, ha
Published 21 Mar, 2016 12:00am
Iraq starts gas condensates exports, with shipment to Fujairah

Iraq starts gas condensates exports, with shipment to Fujairah

A tanker carrying Iraq's first exported cargo of gas condensates, produced by a joint venture with Shell, left the southern port of Khor al-Zubair on Sunday, heading to Fujairah, in the United Arab Emirates, an Oil Ministry spokesman said.
Published 21 Mar, 2016 12:00am
Iraq starts gas condensates exports, with shipment to Fujairah

Iraq starts gas condensates exports, with shipment to Fujairah

A tanker carrying Iraq's first exported cargo of gas condensates, produced by a joint venture with Shell, left the southern port of Khor al-Zubair on Sunday, heading to Fujairah, in the United Arab Emirates, an Oil Ministry spokesman said.
Published 21 Mar, 2016 12:00am
Iraq starts gas condensates exports, with shipment to Fujairah

Iraq starts gas condensates exports, with shipment to Fujairah

A tanker carrying Iraq''s first exported cargo of gas condensates, produced by a joint venture with Shell, left the southern port of Khor al-Zubair on Sunday, heading to Fujairah, in the United Arab Emirates, an Oil Ministry spokesman said.
Published 21 Mar, 2016 12:00am
254 seminaries shut down

254 seminaries shut down

The government in line with the implementation of National Action Plan (NAP) has shut down 254 religious seminaries across the country over their involvement in suspicious activities. Moreover, monitoring of 190 seminaries involved in receiving funds from
Published 21 Mar, 2016 12:00am
254 seminaries shut down

254 seminaries shut down

The government in line with the implementation of National Action Plan (NAP) has shut down 254 religious seminaries across the country over their involvement in suspicious activities. Moreover, monitoring of 190 seminaries involved in receiving funds from
Published 21 Mar, 2016 12:00am
MPCL plans to increase production by 200mmscfd

MPCL plans to increase production by 200mmscfd

Mari Petroleum Company Limited (MPCL), the supplier of gas to country's 90 percent fertiliser producers, is going to increase its production by around 150-200 million standard cubic feet per day (mmscfd) for government's allocation. MPCL's operated and no
Published 21 Mar, 2016 12:00am
MPCL plans to increase production by 200mmscfd

MPCL plans to increase production by 200mmscfd

Mari Petroleum Company Limited (MPCL), the supplier of gas to country's 90 percent fertiliser producers, is going to increase its production by around 150-200 million standard cubic feet per day (mmscfd) for government's allocation. MPCL's operated and no
Published 21 Mar, 2016 12:00am
MPCL plans to increase production by 200mmscfd

MPCL plans to increase production by 200mmscfd

Mari Petroleum Company Limited (MPCL), the supplier of gas to country''s 90 percent fertiliser producers, is going to increase its production by around 150-200 million standard cubic feet per day (mmscfd) for government''s allocation. MPCL''s operated and
Published 21 Mar, 2016 12:00am
PakWheels Multan auto show held

PakWheels Multan auto show held

PakWheels Multan Auto Show was held at the District Sports Ground at LMQ Road on Sunday .PakWheels Multan Auto Show showcased more than 150 vehicles, featuring latest international brands of cars and motorcycles, while thousands of visitors were thronged
Published 21 Mar, 2016 12:00am
Musharraf great benefactor of the Sharifs: Elahi

Musharraf great benefactor of the Sharifs: Elahi

PML-Q senior central leader Chaudhry Parvez Elahi has said that former President General Pervez Musharraf will keep coming and going out of the country as he is a great benefactor of the Sharif family. Talking to newsmen here on Sunday, Parvez Elahi said
Published 21 Mar, 2016 12:00am
Zaeem refutes Elahi's allegations

Zaeem refutes Elahi's allegations

Responding to Pervaiz Elahi's allegations, Punjab government spokesman Zaeem Hussain Qadri has said that now farmers of Punjab were more prosperous as compared to past. Pervaiz Elahi does not like farmer-friendly policies of present government and, theref
Published 21 Mar, 2016 12:00am
Efforts to invade Islamic values won't bear fruit: JuD chief

Efforts to invade Islamic values won't bear fruit: JuD chief

Ameer Jamaat-ud-Dawa (JuD) Hafiz Muhammad Saeed said here that though the western powers are repeatedly trying to invade our Islamic and cultural values, their efforts will go in vain in the wake of bold stance and barriers of religious scholars in the wa
Published 21 Mar, 2016 12:00am
MCCI hails chief minister's Kisan Package
Cotton

MCCI hails chief minister's Kisan Package

The business community of Southern Punjab has welcomed the Chief Minister Mian Shahbaz Sharif's Rs 100 billion package for the growth and development of the agriculture sector in the province describing it a good step to save the agriculture. President of
Published 21 Mar, 2016 12:00am
KP PA to resume proceedings today

KP PA to resume proceedings today

Khyber Pakhtunkhwa Assembly will resume proceedings here after a break of one week to mourn the death of PML-N MPA Arbab Akbar Hayat, who passed away last week. The proceedings of the Khyber Pakhtunkhwa Assembly were adjourned till last Thursday, but in t
Published 21 Mar, 2016 12:00am
Energy sector: Asif meets Shahbaz, discusses various projects

Energy sector: Asif meets Shahbaz, discusses various projects

Federal Minister for Water and Power Khawaja Muhammad Asif met Punjab Chief Minister Muhammad Shahbaz Sharif, here Sunday. Matters of mutual interest and various projects in energy sector were discussed in the meeting.
Published 21 Mar, 2016 12:00am
'Sunday bazaars playing vital role in provision of quality goods'

'Sunday bazaars playing vital role in provision of quality goods'

Provincial Minister for Food Bilal Yasin has said Sunday Bazaars are playing an important role in provision of quality edible items to the people at cheaper rates' these bazaars have fulfilled food needs of the common man. Due to usefulness of Sunday baza
Published 21 Mar, 2016 12:00am
Pak-China Business Forum: Pakistan and Chinese companies sign MoUs

Pak-China Business Forum: Pakistan and Chinese companies sign MoUs

Provincial Minister of Education, Rana Mashood visited the Pak-China Business Forum, 2016 on its 2nd day and met with Chinese businessmen. Memorandum of understanding (MoUs) worth more than Rs 25 million has been signed between Pakistan and various Chines
Published 21 Mar, 2016 12:00am
FBR urged to bring down sales tax rate to single digit

FBR urged to bring down sales tax rate to single digit

The business community has urged the Federal Board of Revenue (FBR) to bring down the rate of sales tax to single digit as existing rate of GST was very high. The Multan Chamber of Commerce and Industry (MCCI) in its budget proposals sent to the chairman
Published 21 Mar, 2016 12:00am
FBR urged to bring down sales tax rate to single digit

FBR urged to bring down sales tax rate to single digit

The business community has urged the Federal Board of Revenue (FBR) to bring down the rate of sales tax to single digit as existing rate of GST was very high. The Multan Chamber of Commerce and Industry (MCCI) in its budget proposals sent to the chairman
Published 21 Mar, 2016 12:00am
SCCI starts Export Orientation Programme

SCCI starts Export Orientation Programme

Sialkot Chamber of Commerce and Industry (SCCI) has taken the initiative to train the new exporters through two week long-training workshop "Export Orientation Program".
Published 21 Mar, 2016 12:00am
Suspected French jihadist charged with plotting attack

Suspected French jihadist charged with plotting attack

A suspected French jihadist with possible links to the Islamic State group was charged Sunday with plotting an attack in France and remanded in custody, a judicial source said. The 28-year-old French-Moroccan named as Youssef Ettaoujar was known to police
Published 21 Mar, 2016 12:00am
Niger votes in presidential run-off despite boycott

Niger votes in presidential run-off despite boycott

Voters in Niger cast ballots in the country's first-ever presidential run-off Sunday, with incumbent Mahamadou Issoufou on track for a second five-year term as the opposition observed a boycott. Voter turnout in the capital Niamey, a stronghold of jailed
Published 21 Mar, 2016 12:00am
Sassou Nguesso seeks to extend 32-year rule in Congo vote

Sassou Nguesso seeks to extend 32-year rule in Congo vote

Congo voted Sunday under a nation-wide media blackout, in a tense ballot expected to see President Denis Sassou Nguesso prolong his 32-year rule over the oil-rich but impoverished nation. On the eve of voting, Interior Minister Raymond Mboulou ordered a 4
Published 21 Mar, 2016 12:00am
Zanzibar holds election re-run

Zanzibar holds election re-run

Elections were held in Zanzibar on Sunday with security tight and an opposition boycott in place for the re-run of October's polls in Tanzania's semi-autonomous islands, cancelled due to fraud allegations. The Zanzibar Election Commission (ZEC) cancelled
Published 21 Mar, 2016 12:00am
Turnout low in Senegal vote

Turnout low in Senegal vote

Turnout was low Sunday for Senegal's controversial referendum on sweeping constitutional reforms, including cutting the presidential term from seven to five years. There were no queues and few voters visible in polling stations visited by AFP in areas of
Published 21 Mar, 2016 12:00am
IS-linked Turkish jihadist blamed for Istanbul attack

IS-linked Turkish jihadist blamed for Istanbul attack

A Turkish jihadist with links to the Islamic State carried out the suicide bombing that killed four foreigners on a major shopping street in Istanbul, Interior Minister Efken Ala said Sunday. "The attacker has been formally identified. He is linked to the
Published 21 Mar, 2016 12:00am
UNESCO adds 20 new sites to list of biosphere reserves

UNESCO adds 20 new sites to list of biosphere reserves

The United Nation's cultural body UNESCO has added 20 new sites to its network of protected biosphere nature reserves, including two in Canada and two in Portugal. The status was conferred during a two-day meeting in Lima that ended Saturday, which brough
Published 21 Mar, 2016 12:00am
'Civil war' grips UK government after shock resignation

'Civil war' grips UK government after shock resignation

A top British eurosceptic minister who quit over welfare cuts launched a damaging attack on Prime Minister David Cameron on Sunday, exposing serious tensions in his government ahead of June's referendum on EU membership.
Published 21 Mar, 2016 12:00am
Bus carrying foreign students crashes in Spain, killing 13
Exchange

Bus carrying foreign students crashes in Spain, killing 13

Thirteen students of various nationalities were killed and dozens more injured in Spain Sunday when a bus carrying them back from a popular traditional festival crashed into an incoming car. The students, who were on a European exchange programme in the n
Published 21 Mar, 2016 12:00am
Suu Kyi to control government as party head

Suu Kyi to control government as party head

Myanmar democracy champion Aung San Suu Kyi will steer the incoming government of her National League for Democracy (NLD), staying on as party head, and is unlikely to take a formal position in the government, the party said on Sunday. Myanmar's parliamen
Published 21 Mar, 2016 12:00am
12 dead in Indonesian military chopper crash

12 dead in Indonesian military chopper crash

Twelve people were killed Sunday when a military helicopter crashed in bad weather in central Indonesia, an official said, the latest air accident for the country's armed forces. The Bell 412 helicopter went down in Kasiguncu village in Poso district, on
Published 21 Mar, 2016 12:00am
UK gilt sales seen rising to $196 billion in 2016-17

UK gilt sales seen rising to $196 billion in 2016-17

Britain will increase sales of government bonds in the coming fiscal year in part to compensate for finance minister George Osborne probbaly missing his borrowing targets, a Reuters poll of primary dealers showed on Tuesday. The mid-range forecast from a
Published 21 Mar, 2016 12:00am
UK gilt sales seen rising to $196 billion in 2016-17

UK gilt sales seen rising to $196 billion in 2016-17

Britain will increase sales of government bonds in the coming fiscal year in part to compensate for finance minister George Osborne probbaly missing his borrowing targets, a Reuters poll of primary dealers showed on Tuesday. The mid-range forecast from a
Published 21 Mar, 2016 12:00am
Cemex hopes to complete Philippine unit IPO within four months

Cemex hopes to complete Philippine unit IPO within four months

Mexican cement producer Cemex hopes to complete an initial public offering (IPO) of a minority stake in its Philippine unit within four months, and is in talks to sell US assets, the company's chief executive said on Monday.
Published 21 Mar, 2016 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.40). 02.50-04.50 percent (* Previous 01.15-04.50 percent) (* revised).
Published 21 Mar, 2016 12:00am
Nermarble Games to complete IPO by early 2017

Nermarble Games to complete IPO by early 2017

South Korea's Nermarble Games Corp said on Thursday it plans to complete an initial public offering between late 2016 and early 2017, a deal that could value the company as high as 10 trillion won ($8.17 billion). Netmarble, South Korea's top mobile game
Published 21 Mar, 2016 12:00am
Canada's Bankers Petroleum agrees to take-over by Chinese firm

Canada's Bankers Petroleum agrees to take-over by Chinese firm

Canada's Bankers Petroleum Ltd, one of Albania's largest foreign investors, said on Sunday it has agreed to be acquired by affiliates of China's Geo-Jade Petroleum Corp for C$575 million ($442.34 million). Bankers Petroleum said it will be bought by firms
Published 21 Mar, 2016 12:00am
India's rapeseed output to rise 16 percent

India's rapeseed output to rise 16 percent

India is likely to produce 5.8 million tonnes of rapeseed in 2015/16, up 16 percent from a year ago, thanks to beneficial weather conditions in key producing northern states, the head of the Central Organisation for Oil Industry and Trade (COOIT) told Reu
Published 21 Mar, 2016 12:00am
Eurozone lenders, Greece make progress on tax, pension reforms

Eurozone lenders, Greece make progress on tax, pension reforms

European lenders have made important progress in talks with Greece on tax and pension reforms that are part of a package of measures Athens must adopt to win new loans and debt relief, a European Commission spokesperson said on Sunday. Inspectors from the
Published 21 Mar, 2016 12:00am
Former head of Brazilian miner Vale dies in plane crash

Former head of Brazilian miner Vale dies in plane crash

Roger Agnelli, the former head of Brazilian mining giant Vale, died along with six other people including his wife and children when a small plane crashed into a residential building in Sao Paulo, officials said. Agnelli, 56, was flying to Rio de Janeiro
Published 21 Mar, 2016 12:00am
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