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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-03-26
Bootcut jeans are woman's wardrobe essentials

Bootcut jeans are woman's wardrobe essentials

Jeans are hard-wearing and have come a long way from their cowboy origins. Nowadays there is a wide range of different fits and styles, including bootcut jeans, which are currently a "wardrobe essential," according to style advisor Bianca Staeglich.
Published 26 Mar, 2016 12:00am
Hula hoop mania swinging back into action

Hula hoop mania swinging back into action

Long considered a 1950s staple associated with child's play or circus acts, hula hooping has been making a comeback as a fitness craze or art form, with even Michelle Obama hooping it up for health.
Published 26 Mar, 2016 12:00am
ART FACTS: The essence of life

ART FACTS: The essence of life

Creating meaningful art with printmaking and painting Dom Pattinson tried to capture the essence of daily life in his imaginative recollection of people, things and animals. Born in 1969, Pattinson acquired a BA Hons at the Winchester School of Art and an
Published 26 Mar, 2016 12:00am
Dry winter leaves local farmers looking for work in town

Dry winter leaves local farmers looking for work in town

Wheat farmer Nasir Tauqeer Khan would rather be home working in his fields. But since January, with Pakistan's rains failing, he has laboured instead at a construction site in Islamabad. "Had I stayed behind in my village, my family would have been starvi
Published 26 Mar, 2016 12:00am
KARACHI CHRONICLE: What women wear in Pakistan
Cotton

KARACHI CHRONICLE: What women wear in Pakistan

Up to the 1970s sari was the formal dress of women in the political lime light, like Begum Aurangzeb who accompanied her father Ayub Khan as first lady, and Mrs Bhutto. It was the dress in which filmstars and singers, from Madam Noorjehan to kafi singer S
Published 26 Mar, 2016 12:00am
Tourism in Bangladesh

Tourism in Bangladesh

History unravels that Bangladesh has been the cradle of civilisation, a centre of cultural diffusion, since the dawn of history of mankind. It was the meeting ground of various peoples in different states of civilization, the most primitive as well as the
Published 26 Mar, 2016 12:00am
About TPS

About TPS

TPS is a global provider of cards and payment solutions, with two decades of focused domain expertise. TPS customer base spans across Middle East, South Asia, Africa and Europe with an increasing footprint across other regions. Represented in over 80 coun
Published 26 Mar, 2016 12:00am
Payment Security: Guidelines and Technologies

Payment Security: Guidelines and Technologies

As Global trends continue to project thriving developments in the field of technology, it is safe to say that ecommerce industry will change the notion of conventional business-to-consumer relationships. A plethora of facts and figures lead to the conclus
Published 26 Mar, 2016 12:00am
Economy of Bangladesh
Exchange

Economy of Bangladesh

Despite political agitation early in 2015 that adversely affected transport services, exports, and private investment, growth in Bangladesh held up well because of brisk domestic demand, boosted by higher worker remittances, private sector wages, and publ
Published 26 Mar, 2016 12:00am
Canadian canola futures fall on profit-taking
Currency

Canadian canola futures fall on profit-taking

ICE Canadian canola futures fell on Wednesday on technical selling and profit-taking a day after the May contract set a one-month high, traders said. Farmer selling slowed after a flurry of movement on Tuesday, they said. A setback in the Canadian dollar
Published 26 Mar, 2016 12:00am
Russia set to become second largest wheat exporter in 2015-16

Russia set to become second largest wheat exporter in 2015-16

Russia is set to become the world's second largest wheat exporter in the 2015/16 marketing year, eating into Canadian and the US market share, owing to a weak rouble and a decline in supplies from its main rivals, the SovEcon consultancy said. Russian whe
Published 26 Mar, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 148,872 tonnes of cargo comprising 122,390 tonnes of import cargo and 26,482 tonnes of export cargo including 6,377 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 122
Published 26 Mar, 2016 12:00am
Philippines expects to miss Q1 rice, corn output

Philippines expects to miss Q1 rice, corn output

The Philippines' rice and corn harvests in the first quarter are expected to be below its forecasts due to insufficient water supply and intense heat brought about by the El Nino weather phenomenon, the government said on Tuesday. Unmilled rice output in
Published 26 Mar, 2016 12:00am
European vegoils: palm oil up on improved exports

European vegoils: palm oil up on improved exports

Palm oil in Europe continued to firm on Tuesday, tracking Malaysian palm oil futures higher on improving exports and concerns over output due to the El Nino weather pattern while a strong ringgit also supported cash prices. "Output worries combined with b
Published 26 Mar, 2016 12:00am
CBOT wheat rises for 3rd day on short-covering

CBOT wheat rises for 3rd day on short-covering

Wheat futures on the Chicago Board of Trade rose on Tuesday for a third straight session on short-covering tied to concerns about volatile weather in the southern US Plains, but trade was choppy and contracts closed below the day's highs.
Published 26 Mar, 2016 12:00am
US FOB Gulf soyabean, corn premiums largely flat

US FOB Gulf soyabean, corn premiums largely flat

Export premiums for soyabeans and corn were largely unchanged at the US Gulf Coast on Monday as increased supplies were balanced by a bump in international demand, traders said. Premiums steadied in the free-on-board ocean market for the crops while basis
Published 26 Mar, 2016 12:00am
US natural gas futures edge higher
Exchange

US natural gas futures edge higher

US natural gas futures on Tuesday edged higher after two days of losses as the power sector burned more gas and on steady forecasts for seasonably cool weather expected to keep heating demand at normal levels. After losing over 5 percent over the past two
Published 26 Mar, 2016 12:00am
EU wheat higher for second day

EU wheat higher for second day

European wheat futures rose for a second day on Tuesday as weather risks in the United States encouraged short-covering after recent price lows. The run-up to the Easter holiday, which will see the Euronext futures market and local cash markets close on F
Published 26 Mar, 2016 12:00am
Cotton market: prices rise as spinners buy quality lint
Cotton

Cotton market: prices rise as spinners buy quality lint

Rates improved modestly on the cotton market on Friday as needy spinners showed interest in purchasing of quality lint, dealers said. The official spot rate was higher by Rs 50 to Rs 5,300 dealers said. In Sindh, seed cotton prices were at Rs 2000-2200, a
Published 26 Mar, 2016 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 26 Mar, 2016 12:00am
Indian soyabean futures up, rapeseed rises
Exchange

Indian soyabean futures up, rapeseed rises

Indian soyabean futures inched higher on Wednesday on hopes of millers buying more, as they try to satisfy domestic demand for oil and meal. The April soyabean contract on the National Commodity & Derivatives Exchange gained 0.18 percent to end at 3,971 r
Published 26 Mar, 2016 12:00am
ICE cotton down on weak US export sales report
Cotton

ICE cotton down on weak US export sales report

Cotton futures fell on Thursday, halting three days of gains, on a weak US export sales report ahead of the Easter weekend holiday in the United States. "Historically, speculators are reluctant to hold a long position ahead of a long weekend, particularly
Published 26 Mar, 2016 12:00am
Vietnam expects first quarter rice exports at 1.59 million tones

Vietnam expects first quarter rice exports at 1.59 million tones

Vietnam, the world's third-largest rice exporter after India and Thailand, will export an estimated 1.59 million tonnes of the grain in the first quarter of 2016, up 41.6 percent from a year ago, the Agriculture Ministry reported on Friday. Revenue from t
Published 26 Mar, 2016 12:00am
Shanghai aluminium climbs one percent to near six-month high
Exchange

Shanghai aluminium climbs one percent to near six-month high

Shanghai aluminium rose over 1 percent on Friday to its highest in nearly six months, bolstered by lower supplies and improving demand. The most-traded May aluminium contract on the Shanghai Futures Exchange climbed as much as 1.5 percent to 11,715 yuan a
Published 26 Mar, 2016 12:00am
Global LNG prices steady, global tenders to provide direction

Global LNG prices steady, global tenders to provide direction

Asian spot prices for liquefied natural gas (LNG) held their ground this week as market participants awaited the outcome of several global tenders to set the direction for future trade. New supplies beginning to emerge from the United States, Australia an
Published 26 Mar, 2016 12:00am
Global commodity AUM hits six month high in February: Barclays

Global commodity AUM hits six month high in February: Barclays

Total global commodity assets under management (AUM) rose to a six-month high of $186 billion in February from $171 billion in January, Barclays said. The AUM have surged by almost 12 percent since the end of 2015 on a combination of large inflows into co
Published 26 Mar, 2016 12:00am
French office sees soft wheat ratings unchanged on previous week

French office sees soft wheat ratings unchanged on previous week

Farm office FranceAgriMer said on Friday that 92 percent of French soft wheat crops were in good or excellent condition as of March 21, unchanged from a week earlier. The latest weekly rating was still above the year-ago score of 90 percent, FranceAgriMer
Published 26 Mar, 2016 12:00am
Tokyo rubber inches up in thin trade
Exchange

Tokyo rubber inches up in thin trade

Benchmark Tokyo rubber futures inched up in thin trade on Friday, but were not far from a one-week closing low hit in the previous session, as investors were reluctant to take fresh positions ahead of the weekend and the end of the Japanese financial year
Published 26 Mar, 2016 12:00am
Javelin Global Commodities aims to ramp up coal trading

Javelin Global Commodities aims to ramp up coal trading

New commodities trading company Javelin Global Commodities is aiming to ramp up its coal trading activities to grab market share vacated by retreating banks and utilities. Javelin hopes to boost its coal trading volumes to between seven and eight million
Published 26 Mar, 2016 12:00am
Soy jumps; wheat and corn little changed

Soy jumps; wheat and corn little changed

US soybeans were higher on Thursday, reversing from earlier losses as soymeal rallied on US Department of Agriculture data showing the largest weekly soymeal sales in about 13 years. Wheat and corn prices were little changed as investors squared positions
Published 26 Mar, 2016 12:00am
Gold set for biggest weekly loss in more than four months

Gold set for biggest weekly loss in more than four months

Spot gold rebounded after touching a four-week low on Thursday, but prices were still poised for their biggest weekly loss since November as the prospect of more US interest rate rises has bolstered the dollar. Hawkish comments from several US Federal Res
Published 26 Mar, 2016 12:00am
EU crop monitor sees five percent drop in wheat, winter barley yields

EU crop monitor sees five percent drop in wheat, winter barley yields

Soft wheat and winter barley crops in the European Union should see yields fall nearly 5 percent this year, while those of maize could jump by nearly 11 percent after a severe drought last year, the EU's crop monitoring service MARS forecast recently. In
Published 26 Mar, 2016 12:00am
Russia's grain harvest may be lower in 2016: analyst

Russia's grain harvest may be lower in 2016: analyst

Russia's grain harvest may be lower in 2016 than in the previous year, but will still provide a large exportable surplus for the next marketing year, which starts on July 1, SovEcon agriculture consultancy said on Thursday. SovEcon, a leading Moscow-based
Published 26 Mar, 2016 12:00am
Romania budget surplus narrows

Romania budget surplus narrows

Romania ran a consolidated budget surplus of 0.1 percent of gross domestic product for the first two months, smaller than the 0.6 percent surplus recorded at the end of January, the finance ministry said on Friday. The European Union state sharply reduced
Published 26 Mar, 2016 12:00am
Premier Foods investors urge McCormick talks after Nissin deal

Premier Foods investors urge McCormick talks after Nissin deal

Two major shareholders in Premier Foods urged it on Thursday to hold talks with US suitor McCormick, after the British company formed an alliance with Japanese instant noodle maker Nissin Foods . Premier Foods, home to familiar British brands including Mr
Published 26 Mar, 2016 12:00am
GameStop forecasts revenue below estimates

GameStop forecasts revenue below estimates

GameStop Corp, the world's largest retailer of video games, forecast first-quarter revenue below analysts' estimates, blaming a lack of major videogame releases and weaker hardware sales. The company's shares were down 5.6 percent at $28.55 in after-marke
Published 26 Mar, 2016 12:00am
GameStop forecasts revenue below estimates

GameStop forecasts revenue below estimates

GameStop Corp, the world's largest retailer of video games, forecast first-quarter revenue below analysts' estimates, blaming a lack of major videogame releases and weaker hardware sales. The company's shares were down 5.6 percent at $28.55 in after-marke
Published 26 Mar, 2016 12:00am
Monte Paschi denies report ECB asked for three billion euro cap hike

Monte Paschi denies report ECB asked for three billion euro cap hike

Italian bank Monte dei Paschi di Siena denied on Friday a press report that the European Central Bank had asked it to carry out a capital increase worth up to 3 billion euros ($3.4 billion). Il Fatto Quotidiano newspaper said the bank could undertake the
Published 26 Mar, 2016 12:00am
Japan Post Bank picks veteran regional banker as president

Japan Post Bank picks veteran regional banker as president

Japan Post Bank said on Friday it has named Norito Ikeda, veteran regional banker, as successor to President Masatsugu Nagato, who becomes the chief of the parent company. The job of Japan Post Bank president has been becoming only tougher, as the bank, t
Published 26 Mar, 2016 12:00am
Canada's AIMCo records 9.1 percent rate of return in 2015

Canada's AIMCo records 9.1 percent rate of return in 2015

Canada's Alberta Investment Management Corp (AIMCo) said it performed better in 2015 than in any year since its inception in 2008, with investments in real estate and infrastructure outperforming benchmarks. AIMCo achieved an overall rate of return of 9.1
Published 26 Mar, 2016 12:00am
Canada's AIMCo records 9.1 percent rate of return in 2015

Canada's AIMCo records 9.1 percent rate of return in 2015

Canada's Alberta Investment Management Corp (AIMCo) said it performed better in 2015 than in any year since its inception in 2008, with investments in real estate and infrastructure outperforming benchmarks. AIMCo achieved an overall rate of return of 9.1
Published 26 Mar, 2016 12:00am
Abu Dhabi's Aabar signs 3.6 billion euro loan to refinance debt

Abu Dhabi's Aabar signs 3.6 billion euro loan to refinance debt

Abu Dhabi's Aabar Investments has signed a 3.6 billion euro ($4.05 billion) loan of five years duration which will be used to replace several of the state fund's existing debts, it said in a statement. The transaction was arranged "on tighter terms compar
Published 26 Mar, 2016 12:00am
Verizon says security breach leads to customer data leak

Verizon says security breach leads to customer data leak

Verizon Communications Inc said an attacker had exploited a security vulnerability on its enterprise client portal to steal contact information of a number of customers. The company said the attacker however did not gain access to Customer Proprietary Net
Published 26 Mar, 2016 12:00am
Tokyo Gas to build new LNG tank at Sodegaura terminal

Tokyo Gas to build new LNG tank at Sodegaura terminal

Tokyo Gas Co, Japan's biggest natural gas utility, said on Friday it plans to build a new liquefied natural gas (LNG) tank at the Sodegaura LNG terminal on Tokyo Bay. The 200,000-kl tank, slated to begin operations by March 2024, will be able to hold 92,0
Published 26 Mar, 2016 12:00am
Most Exxon Baytown refinery workers accept contract offer

Most Exxon Baytown refinery workers accept contract offer

Most of the union-led workers at Exxon Mobil Corp's largest US refinery and adjoining chemical plant voted on Thursday night to accept a contract extension offer their labor leaders had urged them to reject, a union official said. The vote by Baytown, Tex
Published 26 Mar, 2016 12:00am
Kingfisher cautious on France as profit edges higher
Currency

Kingfisher cautious on France as profit edges higher

Kingfisher, Europe's largest home improvement retailer, beat forecasts with a 0.3 percent rise in annual profit, though it said it remained cautious on the outlook for France, its most profitable market. The firm, which trades as B&Q and Screwfix in Brita
Published 26 Mar, 2016 12:00am
Kingfisher cautious on France as profit edges higher
Currency

Kingfisher cautious on France as profit edges higher

Kingfisher, Europe's largest home improvement retailer, beat forecasts with a 0.3 percent rise in annual profit, though it said it remained cautious on the outlook for France, its most profitable market. The firm, which trades as B&Q and Screwfix in Brita
Published 26 Mar, 2016 12:00am
Mauritius trade deficit narrows

Mauritius trade deficit narrows

Mauritius' trade deficit narrowed by 16.8 percent in January to 4.36 billion rupees ($123 million)from a year earlier helped by higher exports of food and live animals, the statistics office said. The value of exports rose 10.7 percent to 7.34 billion rup
Published 26 Mar, 2016 12:00am
Japan consumer inflation flat, keeps BOJ under pressure

Japan consumer inflation flat, keeps BOJ under pressure

Japan's consumer inflation was flat in the year to February as low energy costs and weak consumption put a lid on price growth, government data showed on Friday, keeping the central bank under pressure to top up stimulus although it eased policy less than
Published 26 Mar, 2016 12:00am
Switzerland to hand Venezuela oil firm bank records to US

Switzerland to hand Venezuela oil firm bank records to US

In a widening corruption probe into Venezuela's state oil company by US authorities, Swiss regulators have agreed to provide US prosecutors with records from at least 18 banks relating to the oil firm. The requests for information from two separate US aut
Published 26 Mar, 2016 12:00am
China industrial consumers to source power from market by 2018
Exchange

China industrial consumers to source power from market by 2018

China's energy regulators are planning to expand power trading to allow all industrial consumers to buy electricity directly from suppliers by 2018, according to a draft policy document published by financial magazine Caixin on Friday. The plan is part of
Published 26 Mar, 2016 12:00am
US fourth-quarter GDP growth revised up; profits dive

US fourth-quarter GDP growth revised up; profits dive

US economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang. Gross domestic product increased at a 1.4 per
Published 26 Mar, 2016 12:00am
Thailand delays construction start for rail line to China

Thailand delays construction start for rail line to China

Thailand has pushed back the start date for construction of a multi-billion dollar rail line to link Bangkok to south-west China after a disagreement over the cost of the project, the Thai transport minister said on Friday. The project is part of China's
Published 26 Mar, 2016 12:00am
Former Malaysian PM Abdullah named new Petronas adviser

Former Malaysian PM Abdullah named new Petronas adviser

Former Malaysian Prime Minister Abdullah Ahmad Badawi was appointed as adviser for state oil firm Petroliam Nasional Bhd (Petronas), replacing another former premier Mahathir Mohamad who was fired from the post two weeks ago. Abdullah's appointment is eff
Published 26 Mar, 2016 12:00am
Severe drought weighs on Vietnam's Q1 economic growth
Exchange

Severe drought weighs on Vietnam's Q1 economic growth

Vietnam's annual economic growth slowed to an estimated 5.46 percent in the first quarter, the slowest expansion for any quarter since January-March 2014, due mainly to the country's worst drought in 90 years. Cold spells in the northern region, drought i
Published 26 Mar, 2016 12:00am
France confident on deficit target after beating 2015 goal

France confident on deficit target after beating 2015 goal

France posted its smallest public deficit last year since the global financial crisis of 2008, data showed on Friday, making this year's government target "perfectly credible" according to the finance minister. The INSEE statistics agency said the public
Published 26 Mar, 2016 12:00am
Lockheed gets $1.5 billion deal for C-130J aircraft: Pentagon

Lockheed gets $1.5 billion deal for C-130J aircraft: Pentagon

Lockheed Martin Corp has won a contract worth $1.5 billion for work on 28 C-130J military transport aircraft funded by the fiscal 2016 Defense budget, the Pentagon said on Thursday in its daily digest of major contracts. The contract, which runs through J
Published 26 Mar, 2016 12:00am
Kazakhstan replaces energy minister as oil output falls

Kazakhstan replaces energy minister as oil output falls

Kazakhstan named Kanat Bozumbayev, a former head of the country's power grid, as its new energy minister on Friday, as the second-largest oil producer in the former Soviet Union faces a drop in output following a slump in crude prices. Bozumbayev, 47, rep
Published 26 Mar, 2016 12:00am
Chat app Line CEO says IPO still an option

Chat app Line CEO says IPO still an option

The head of messaging app service operator Line Corp said on Thursday that it could still seek an initial public offering (IPO), although it put plans for a listing on hold in August. "A listing is still an option," Chief Executive Officer Takeshi Idezawa
Published 26 Mar, 2016 12:00am
TSX slips as banks weigh; energy stocks bounce with oil
Exchange

TSX slips as banks weigh; energy stocks bounce with oil

Canada's main stock index fell to a two-week low on Thursday before paring some losses, as bank stocks retreated amid rising chatter from US central bankers about hiking interest rates and as a recovery in oil prices helped energy stocks. Another US inter
Published 26 Mar, 2016 12:00am
Dubai contractor ASGC still targeting stock market listing: CEO

Dubai contractor ASGC still targeting stock market listing: CEO

Dubai-based Al Shafar General Contracting (ASGC) still aims to go public in the future after having to put on hold its plans for an initial share sale at the end of last year due to market conditions, its chief executive said. Reuters reported in Septembe
Published 26 Mar, 2016 12:00am
Taiwan stocks fall; caution on economy remains

Taiwan stocks fall; caution on economy remains

Taiwan stocks fell on Friday on weakness in global markets and continued caution about the weak domestic economy after the island's central bank cut rates. Taiwan's central bank cut its policy rate for the third straight time on Thursday to prop up its fa
Published 26 Mar, 2016 12:00am
Myanmar stock exchange begins trade, FMI closes limit up
Exchange

Myanmar stock exchange begins trade, FMI closes limit up

Myanmar's stock exchange began trading on Friday with a single listed company some three months after it opened in the country's commercial capital Yangon. The Southeast Asian nation's economy was devastated by nearly 50 years of economic mismanagement un
Published 26 Mar, 2016 12:00am
Wall Street closes flat, five-week rally ends
Exchange

Wall Street closes flat, five-week rally ends

US stocks broke a five-week winning streak on Thursday with a strengthening dollar weighing on commodity-related shares. The three major indexes closed mostly flat on the day, paring losses by the session's end. "After the run that we've had ... I think i
Published 26 Mar, 2016 12:00am
Vietnam shares edge up in mixed trade

Vietnam shares edge up in mixed trade

Vietnam's benchmark VN Index inched up 0.25 percent on Friday, buoyed by banking stocks, but most investors preferred to stay on the sidelines due to a lack of supportive news. The country's four out of six listed lenders rallied, including Vietcombank, t
Published 26 Mar, 2016 12:00am
South Korean shares snap five-week winning streak

South Korean shares snap five-week winning streak

South Korean shares ended slightly lower on Friday in thin trade and fell 0.4 percent on the week, ending a five-week winning streak. The Korea Composite Stock Price Index (KOSPI) closed down 0.1 percent at 1,983.81 points. It had posted weekly gains sinc
Published 26 Mar, 2016 12:00am
Indian markets closed for public holidays
Currency

Indian markets closed for public holidays

India's debt, stock, and currency markets will be closed on Thursday and Friday for public holidays. Trading will resume on Monday. The broader NSE index ended up 0.02 percent on Wednesday, while the benchmark BSE index rose 0.03 percent. The benchmark 10
Published 26 Mar, 2016 12:00am
JGBs steady, underpinned by solid two-year auction

JGBs steady, underpinned by solid two-year auction

Japanese government bond prices were steady on Friday, shrugging off an overnight drop in US Treasuries, after solid two-year auction results underscored persistently strong demand for debt under the Bank of Japan's negative interest rate policy. Though t
Published 26 Mar, 2016 12:00am
JGBs steady, underpinned by solid two-year auction

JGBs steady, underpinned by solid two-year auction

Japanese government bond prices were steady on Friday, shrugging off an overnight drop in US Treasuries, after solid two-year auction results underscored persistently strong demand for debt under the Bank of Japan's negative interest rate policy. Though t
Published 26 Mar, 2016 12:00am
Southeast Asia Stocks: Malaysia at one-week low

Southeast Asia Stocks: Malaysia at one-week low

Malaysia's key stock index hit a more than one-week low, while the Thai benchmark fell for a second day on Friday as a strong US dollar dented sentiment in the region but Vietnam rebounded after a trade surplus in the first quarter of 2016. Kuala Lumpur c
Published 26 Mar, 2016 12:00am
Tokyo stocks finish up in thin trade

Tokyo stocks finish up in thin trade

Tokyo stocks finished higher on Friday in thin trade after falling for two straight sessions, with exporters boosted by a weaker yen. With most regional markets closed for the Easter break there were few catalysts to drive dealing at the end of an up-and-
Published 26 Mar, 2016 12:00am
China stocks edge up, despite yuan weakness
Currency

China stocks edge up, despite yuan weakness

China's main stock indexes edged up on Friday, recording small gains for the week as the market's month-long, 10-percent rebound loses momentum. Stock investors appeared unfazed by new property restrictions in Shanghai and Shenzhen, or by the yuan's weakn
Published 26 Mar, 2016 12:00am
Most Japan firms unhappy with central bank's negative rate policy

Most Japan firms unhappy with central bank's negative rate policy

Most Japanese companies think the central bank's shock adoption of a negative interest rates policy has been a bad move that will hit business and consumer sentiment, a Reuters poll shows - a slap in the face for authorities who were aiming to spur econom
Published 26 Mar, 2016 12:00am
Dollar poised for weekly gain after Fed officials signal rate hikes

Dollar poised for weekly gain after Fed officials signal rate hikes

The dollar was on track on Friday for a weekly gain of over 1 percent against a basket of currencies after a chorus of US Federal Reserve officials signalled more interest rate increases than the market had been pricing in. The latest was St. Louis Fed Pr
Published 26 Mar, 2016 12:00am
Dollar holds after weak US data, notches 5th straight gain
Currency

Dollar holds after weak US data, notches 5th straight gain

The dollar eked out a modest rise on Thursday for its fifth straight day of gains, the longest in almost a year, although it came off highs in late trading after weak US economic data. The dollar's strength this week has come as investors have priced in t
Published 26 Mar, 2016 12:00am
Kenyan shilling firm this year as deficit shrinks
Exchange

Kenyan shilling firm this year as deficit shrinks

Kenya's shilling has held firm against the dollar this year, supported by a shrinking trade deficit, higher transfers from workers abroad and an economy that has escaped the beating taken by others in Africa from weak commodity prices. The shilling has be
Published 26 Mar, 2016 12:00am
Russian rouble edges up

Russian rouble edges up

The Russian rouble edged slightly higher on Friday, supported by monthly tax payments, with trading thin because of the Good Friday holiday in Western markets. At 0725 GMT, the rouble was 0.1 percent stronger against the dollar at 68.48 and had gained 0.4
Published 26 Mar, 2016 12:00am
Yuan to face pressure if dollar rises sharply: adviser

Yuan to face pressure if dollar rises sharply: adviser

China's yuan will come under renewed downward pressure if the US dollar rises significantly in coming months, a policy adviser to the People's Bank of China said on Friday. Huang Yiping, a professor at Peking University and a member of the central bank's
Published 26 Mar, 2016 12:00am
Latam currencies fall on commodities slump

Latam currencies fall on commodities slump

Latin American currencies weakened across the board on Thursday on lower commodity prices and heightened speculation that a Federal Reserve interest rate hike could come as early as next month. St. Louis Federal Reserve President James Bullard joined a ch
Published 26 Mar, 2016 12:00am
Boycott bids for Yorkshire board return

Boycott bids for Yorkshire board return

England great Geoffrey Boycott will discover on Saturday whether he has been successful in his bid to return to the Yorkshire board when the English county champions hold their annual general meeting. Former Yorkshire opener Boycott previously served on t
Published 26 Mar, 2016 12:00am
Federer suffers fresh setback with Miami withdrawal

Federer suffers fresh setback with Miami withdrawal

Roger Federer withdrew from the ATP and WTA Miami Open on Friday with a stomach illness only hours before his scheduled return from a two-month layoff following left knee surgery. The 34-year-old Swiss star, winner of a men's record 17 Grand Slam singles
Published 26 Mar, 2016 12:00am
Waqar laments decline of Pakistan after exit

Waqar laments decline of Pakistan after exit

Coach Waqar Younis on Friday lamented the decline of Pakistan cricket after his team were knocked out of the World Twenty20 with a disappointing 21-run defeat against Australia. A wayward Pakistan let Australia off the hook after having them in early trou
Published 26 Mar, 2016 12:00am
Former greats lament Pakistan World T20 exit

Former greats lament Pakistan World T20 exit

Former Pakistani players on Friday said the country's national cricket squad could not be worse after Australia pushed it out of World T20. James Faulkner took a record five-wicket haul after Steve Smith hit an unbeaten half century as Australia post knoc
Published 26 Mar, 2016 12:00am
New Olympic champion wants Russia barred from Rio Games

New Olympic champion wants Russia barred from Rio Games

Australian race walker Jared Tallent has said it would be a disgrace to have to compete at the Rio de Janeiro Games in August against the man who cheated him out of London Olympic gold. Tallent finished second in the 50 kilometre walk at the 2012 Olympics
Published 26 Mar, 2016 12:00am
I'm not fit to be Pakistan skipper: Afridi

I'm not fit to be Pakistan skipper: Afridi

Shahid Afridi said he was no longer up to captaining Pakistan after his team's exit Friday from the World Twenty20 but held back from making an announcement on his possible retirement. Going into the match against Australia, the 36-year-old had strongly h
Published 26 Mar, 2016 12:00am
West Indies into semis after thrilling win over South Africa

West Indies into semis after thrilling win over South Africa

The West Indies clinched a spot in the World Twenty20 semi-finals with a thrilling three-wicket win over South Africa at the Vidarbha Cricket Association Stadium in Nagpur on Friday. Darren Sammy's side successfully chased down a target of 123 with just t
Published 26 Mar, 2016 12:00am
Kerber, Berdych advance to third round at Miami
Kerb

Kerber, Berdych advance to third round at Miami

Reigning Australian Open champion Angelique Kerber and Czech seventh seed Tomas Berdych both advanced to the third round of the ATP and WTA Miami Open on Friday. Kerber, the second seed from Germany, downed Czech Barbora Strycova 6-1, 6-1 while Berdych, t
Published 26 Mar, 2016 12:00am
Hamza Amin, Shabir Iqbal leading in second RMI Open Golf

Hamza Amin, Shabir Iqbal leading in second RMI Open Golf

Hamza Amin of Austria and Pakistan No 1 golfer Shabir Iqbal of Pakistan Navy were the leader on the opening day with their gross score four under 68 over 18 holes of the 54-holes 2nd RMI National Ranking Open Golf Tournament started here at PAF Golf Cours
Published 26 Mar, 2016 12:00am
Australia hand Pakistan knockout punch at WT20

Australia hand Pakistan knockout punch at WT20

James Faulkner said Australia's quest for the elusive World Twenty20 trophy was back on track Friday after his record-breaking bowling performance knocked out Pakistan and set up a must-win showdown against India. Faulkner took 5-27 against Shahid Afridi'
Published 26 Mar, 2016 12:00am
Two female suicide bombers caught in NE Nigeria

Two female suicide bombers caught in NE Nigeria

A female suicide bomber set off her explosives and the other was killed by troops outside the north-eastern Nigerian town of Maiduguri, where a twin suicide attack last week killed 25 people, vigilantes said. The two were spotted by civilian vigilantes he
Published 26 Mar, 2016 12:00am
Turkish military strikes PKK, kills 24 militants

Turkish military strikes PKK, kills 24 militants

Turkish warplanes struck Kurdistan Workers Party (PKK) targets in northern Iraq and killed 24 PKK fighters in southeast Turkey on Thursday, the army said, as the militants launched a car bomb attack on a military installation in the region. Thursday night
Published 26 Mar, 2016 12:00am
Kyrgyz, Uzbek officials meet over border standoff
Kerb

Kyrgyz, Uzbek officials meet over border standoff

Commanders of Kyrgyz and Uzbek border guards met on Friday for the first time since both sides deployed troops and armoured vehicles in a disputed area, Kyrgyzstan's border guard service said in a statement. "The meeting has been initiated by the Uzbek si
Published 26 Mar, 2016 12:00am
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