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Print - 2016-03-27
Greece starts emptying border camp as new arrivals slow

Greece starts emptying border camp as new arrivals slow

Greece said Saturday it has begun emptying the main migrant camp on its border with Macedonia, as the huge tide of refugees flooding into the country slows to a trickle following the EU-Turkey deal. Eight buses transported around 400 refugees from the Ido
Published 27 Mar, 2016 12:00am
Greece starts emptying border camp as new arrivals slow

Greece starts emptying border camp as new arrivals slow

Greece said Saturday it has begun emptying the main migrant camp on its border with Macedonia, as the huge tide of refugees flooding into the country slows to a trickle following the EU-Turkey deal. Eight buses transported around 400 refugees from the Ido
Published 27 Mar, 2016 12:00am
2015 heatwave: KE clarifies its position

2015 heatwave: KE clarifies its position

K-Electric spokesperson reiterates that the severe heatwave of 2015 which impacted people as well as most utility services across Karachi and other parts of the country, has no link with power outages and was due to environmental disasters and the changin
Published 27 Mar, 2016 12:00am
KP chief minister vows to accomplish agenda of change

KP chief minister vows to accomplish agenda of change

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that PTI led provincial government will accomplish the agenda of change at any cost as people have voted for it. He was addressing on the occasion of the joining PTI of former PPP councillor, Nasim
Published 27 Mar, 2016 12:00am
Imran accepts resignation of PTI CEC

Imran accepts resignation of PTI CEC

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday accepted the resignation of party's Chief Election Commissioner Tasneem Noorani with "regret" and decided to hold intra-party elections on schedule. In a press statement, the PTI said that Sen
Published 27 Mar, 2016 12:00am
Imran accepts resignation of PTI CEC

Imran accepts resignation of PTI CEC

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday accepted the resignation of party's Chief Election Commissioner Tasneem Noorani with "regret" and decided to hold intra-party elections on schedule. In a press statement, the PTI said that Sen
Published 27 Mar, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (March 26, 2016) and the forecast for Sunday (March 20, 2016).

Published 27 Mar, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 26, 2016).

Published 27 Mar, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 26, 2016).

Published 27 Mar, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 26, 2016)

Published 27 Mar, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 26, 2016).

Published 27 Mar, 2016 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (March 26, 2016).

Published 27 Mar, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 26, 2016).

Published 27 Mar, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 26, 2016).

Published 27 Mar, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 26, 2016).

Published 27 Mar, 2016 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee managed to hold present levels against the dollar in the process of trade, dealers said. The rupee stayed put versus the dollar for buying and selling at Rs 105.40 and Rs 105.60, they said. The rupee recovered 15 paisas in relation to the euro f
Published 27 Mar, 2016 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee managed to hold present levels against the dollar in the process of trade, dealers said. The rupee stayed put versus the dollar for buying and selling at Rs 105.40 and Rs 105.60, they said. The rupee recovered 15 paisas in relation to the euro f
Published 27 Mar, 2016 12:00am
Asian naphtha, gasoline near two-month high

Asian naphtha, gasoline near two-month high

Asia's naphtha crack for front-month first-half May jumped 10.72 percent almost to a two-month high of $85.20 a tonne on Wednesday due to steady demand which is reducing the impact of a supply glut, traders said. A smaller number of western cargoes arrivi
Published 27 Mar, 2016 12:00am
Indonesia's February palm oil output likely to fall
Vegetable Oil

Indonesia's February palm oil output likely to fall

Indonesia's February crude palm oil (CPO) production is expected to continue to fall because of droughts and forest fires, threatening stockpile levels, according to a Reuters survey. Production of CPO in February may drop to 2.30 million tonnes, accordin
Published 27 Mar, 2016 12:00am
Rice export prices rise in Thailand and Vietnam

Rice export prices rise in Thailand and Vietnam

Rice export prices rose in Thailand and Vietnam this week as bad weather threatened to disrupt supply, with Thai rice propped up by a stronger baht and potential rise in demand from the Middle East and Africa, traders said on Wednesday. Thai 5-percent bro
Published 27 Mar, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The March vaida was unchanged on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The March contract closed at Rs 2050.00 and it commenced with no change at the same rate in the wee hours, they said.
Published 27 Mar, 2016 12:00am
Cotton market: rates firm on cautious buying by spinners
Cotton

Cotton market: rates firm on cautious buying by spinners

Prices almost unchanged on the cotton market on Saturday in the process of cautious buying by spinners, dealers said. The official spot rate did not move any side at Rs 5,300 dealers said. In Sindh, seed cotton prices were at Rs 2000-2200, and in Punjab p
Published 27 Mar, 2016 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Wheat futures on the Chicago Board of Trade fell on Wednesday, following broad weakness in commodities as the dollar firmed for a fourth straight day, making US grain less attractive on the world market. The focus of the wheat market was also shifting bac
Published 27 Mar, 2016 12:00am
Canadian canola futures fall after one-month high
Currency

Canadian canola futures fall after one-month high

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 27 Mar, 2016 12:00am
US FOB Gulf corn, soyabeans offers steady

US FOB Gulf corn, soyabeans offers steady

Export premiums for corn and soyabeans shipped out of the US Gulf Coast steadied on Wednesday, holding after recent declines as futures prices fell and demand from international buyers was limited to routine purchases, traders said. US farmers sold large
Published 27 Mar, 2016 12:00am
Lean business on grain market
Cotton

Lean business on grain market

A few changes were seen on the wholesale grain market on Saturday in the process of trading, dealers and experts said. On the rice sector, Irri-6 Sindh low type was lower by Rs 15 to Rs 2945 while the best quality was up by Rs 10 to Rs 3010, other items h
Published 27 Mar, 2016 12:00am
ABCDs lose top Brazil's grains spot to Asian rivals
Currency

ABCDs lose top Brazil's grains spot to Asian rivals

The world's top grain trading houses Archer Daniels Midland, Bunge Ltd Cargill and Louis Dreyfus, have lost their century-old dominance of Brazil's grains export market to their Asian rivals, data shows. An analysis of shipping data by Reuters found that
Published 27 Mar, 2016 12:00am
European vegoils: palm oil eases on technical selling
Vegetable Oil

European vegoils: palm oil eases on technical selling

Palm oil on the European vegetable oils market eased on Wednesday, following technical selling in Malaysian palm oil futures. "It was a round of profit-taking all around today with weaker soyaoil futures in Chicago and lower energy markets, dragging the E
Published 27 Mar, 2016 12:00am
Shanghai steel futures hit highest since June
Exchange

Shanghai steel futures hit highest since June

Shanghai steel futures hit their highest since June on Wednesday, before paring gains at the close, amid a pickup in Chinese demand that could strengthen gains in raw material iron ore. Steel prices in China, the world's biggest steel consumer and produce
Published 27 Mar, 2016 12:00am
Vietnam's coffee prices stable; Indonesian premiums shrink

Vietnam's coffee prices stable; Indonesian premiums shrink

Vietnam's coffee prices stood stable this week, with thin domestic supply capping exporters' sales, while premiums narrowed in Indonesia following gains in London's futures market, traders said on Thursday. Coffee exports from top robusta producer Vietnam
Published 27 Mar, 2016 12:00am
Brazil's main sugar cane belt makes early start to harvest

Brazil's main sugar cane belt makes early start to harvest

Brazil's main center-south sugar cane belt is making an early start to the crushing season, which promises to be a race against rains for mills to harvest the expected record crop, the industry association Unica said on Wednesday. Crushing has reached a r
Published 27 Mar, 2016 12:00am
EU wheat futures drop in light trade
Exchange

EU wheat futures drop in light trade

European wheat futures dropped on Wednesday in light trade, in a correction as traders said the two-day rise at the start of the week looked overdone at a time of large supplies. The benchmark May wheat contract on the Paris-based Euronext futures exchang
Published 27 Mar, 2016 12:00am
Argentina sees record 37 million tonnes corn crop

Argentina sees record 37 million tonnes corn crop

Argentina will harvest a record 37 million tonnes of corn this season, the government said on Wednesday, blowing past all previous estimates after a surge in late planting spurred by the lowering of export barriers by President Mauricio Macri. The forecas
Published 27 Mar, 2016 12:00am
Credit Suisse CEO Thiam makes $19.4 million in 2015

Credit Suisse CEO Thiam makes $19.4 million in 2015

Credit Suisse Chief Executive Tidjane Thiam received 18.9 million Swiss francs ($19.4 million) from the Swiss bank in 2015 even after he asked to have his bonus cut by 40 percent, according to its annual report published on Thursday. Thiam, who took over
Published 27 Mar, 2016 12:00am
Myanmar picks Vietnam's Viettel for fourth telecom license

Myanmar picks Vietnam's Viettel for fourth telecom license

Myanmar is granting its fourth telecom licence to a consortium led by a Vietnamese mobile network operator and including a military-run company, as it looks to further open up its young but increasingly competitive telecoms market. Hanoi-based Viettel wil
Published 27 Mar, 2016 12:00am
British EU exit campaign backed by 250 business leaders
Currency

British EU exit campaign backed by 250 business leaders

The campaign for Britain to leave the EU has been backed by 250 business leaders including the former chief executive of HSBC, the Vote Leave group said on Saturday, hoping to counter the view that UK businesses back staying in the bloc. The camps arguing
Published 27 Mar, 2016 12:00am
Donations scandal another headache for Australian PM Turnbull

Donations scandal another headache for Australian PM Turnbull

Prime Minister Malcolm Turnbull's ruling Liberal Party is embroiled in a financial scandal, an unwanted additional challenge for the Australian leader as he takes the major political gamble of calling an early federal election. Turnbull, who has already s
Published 27 Mar, 2016 12:00am
Polish personal tax allowance hike likely first for lowest earners: PM

Polish personal tax allowance hike likely first for lowest earners: PM

Poland's ruling conservatives are likely initially to raise the personal tax allowance only for those with lowest earnings because of budget considerations, Prime Minister Beata Szydlo was quoted as saying late on Friday. The right-wing Law and Justice (P
Published 27 Mar, 2016 12:00am
Sharp, Foxconn to sign deal

Sharp, Foxconn to sign deal

Sharp Corp and Taiwan's Foxconn are set to sign a takeover deal next week after repeated delays, with the two sides set to agree on a smaller bailout than originally planned for the troubled Japanese electronics maker, two sources familiar with the talks
Published 27 Mar, 2016 12:00am
Bankrupt Strauss-Kahn investment firm faces fraud probe

Bankrupt Strauss-Kahn investment firm faces fraud probe

A bankrupt Luxembourg investment firm once chaired by disgraced former IMF chief Dominique Strauss-Kahn will be investigated for fraud, a French judicial source said Thursday. French prosecutors set out charges of organised fraud, misuse of corporate asse
Published 27 Mar, 2016 12:00am
Final edition of UK's Independent hits the newsstands

Final edition of UK's Independent hits the newsstands

The final print edition of The Independent newspaper went on sale Saturday, ending its 30-year appearance on British newsstands with an exclusive on an assassination plot against a former Saudi king. A poignant wrap-around front page carried the words "ST
Published 27 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 on Monday. The transaction was arranged "on tighter te
Published 27 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 on Monday. The transaction was arranged "on tighter te
Published 27 Mar, 2016 12:00am
Australian consumer watchdog calls for tougher penalties

Australian consumer watchdog calls for tougher penalties

The chief of Australia's competition watchdog has called for penalties to be increased tenfold for consumer law breaches. Rod Sims, chairman of the Australian Competition and Consumer Commission, told The Weekend Australian newspaper he wanted fines for b
Published 27 Mar, 2016 12:00am
Iran denies supporting US bank hacking

Iran denies supporting US bank hacking

Iran on Saturday denied supporting cyber attacks against the United States after a New York court indicted seven Iranians over hacking dozens of American banks and a major dam. "The Islamic Republic of Iran has never had dangerous cyber actions on its age
Published 27 Mar, 2016 12:00am
Honda and Takata's stealth airbag fix

Honda and Takata's stealth airbag fix

In August of 2009, after ruptured airbag inflators in Honda vehicles were linked to least four injuries and a death, the automaker quietly requested a design change and did not notify US regulators, Honda confirmed in response to inquiries from Reuters. H
Published 27 Mar, 2016 12:00am
German consumer morale edges down going into April

German consumer morale edges down going into April

Morale among German consumers dipped going into April, as shoppers felt less upbeat about the future of Europe's largest economy, a survey showed on Thursday. The consumer sentiment index put out by the GfK market research group based on a survey of 2,000
Published 27 Mar, 2016 12:00am
Dung, offal make clean gas at Costa Rica Slaughterhouse

Dung, offal make clean gas at Costa Rica Slaughterhouse

Imagine tons of stinking dung, blood and offal, tipped into a giant tub for germs to feed on. It sounds vomit-worthy, but experts say this project at a Costa Rican slaughterhouse will help the environment - and spare neighbours from the awful smell. Hot w
Published 27 Mar, 2016 12:00am
South Africa's inflation jumps in February
Currency

South Africa's inflation jumps in February

South Africa's consumer inflation rate accelerated 0.8 percentage points to 7.0 percent in February, its highest in nearly seven years, official data showed Wednesday. The rise in the consumer price index (CPI) was the largest since May 2009 when the rate
Published 27 Mar, 2016 12:00am
Amazon plans two-hour delivery in Berlin

Amazon plans two-hour delivery in Berlin

Amazon is preparing to launch a two-hour delivery service in Berlin, German newspaper Welt reported on Saturday, citing Berlin transport sources. The newspaper said Amazon had ordered a site on Berlin's fashionable Kurfuerstendamm to be repurposed as a wa
Published 27 Mar, 2016 12:00am
US court to hear Argentine debt injunction appeal on April 13

US court to hear Argentine debt injunction appeal on April 13

A US appeals court will hold a hearing on April 13 to analyze the possible lifting of injunctions that have restricted Argentina from paying off some of its debts, according to an order issued by the court late on Friday. On Thursday, the US government as
Published 27 Mar, 2016 12:00am
Probe into Biomet bribery charges to continue past DPA deadline

Probe into Biomet bribery charges to continue past DPA deadline

Zimmer Biomet Holdings Inc said on Friday a US investigation into foreign bribes at Biomet, before it was acquired by Zimmer, would continue past a deferred prosecution agreement deadline of March 26. A deferred prosecution agreement or DPA is a contract
Published 27 Mar, 2016 12:00am
CBO charts federal subsidies for US health insurance coverage

CBO charts federal subsidies for US health insurance coverage

US taxpayers will fork over $660 billion this year to subsidize health insurance for people under 65, the vast majority of whom have coverage through their employers, the Congressional Budget Office said on Thursday. In its most comprehensive report on th
Published 27 Mar, 2016 12:00am
Right-to-sue debate may fracture Puerto Rico rescue talks in US

Right-to-sue debate may fracture Puerto Rico rescue talks in US

Congress will soon decide whether to shield cash-strapped Puerto Rico from investor lawsuits while the island maps a plan to resolve its financial crisis - an intervention that could divide some lawmakers and creditors. Republican leaders who control Cong
Published 27 Mar, 2016 12:00am
Microsoft meets with private equity over Yahoo deal

Microsoft meets with private equity over Yahoo deal

Microsoft Corp executives are in early talks with potential Yahoo Inc investors about contributing to financing to buy the troubled Internet company, a person familiar with the situation said. The talks are preliminary, the person added, and Microsoft is
Published 27 Mar, 2016 12:00am
Microsoft apologises for offensive tirade by its 'chatbot'

Microsoft apologises for offensive tirade by its 'chatbot'

Microsoft is "deeply sorry" for the racist and sexist Twitter messages generated by the so-called chatbot it launched this week, a company official wrote on Friday, after the artificial intelligence program went on an embarrassing tirade. The bot, known a
Published 27 Mar, 2016 12:00am
Ecuador to see fixed-income investors with Citigroup

Ecuador to see fixed-income investors with Citigroup

Ecuador will kick off fixed-income investor meetings next week through Citigroup, according to sources who received the announcement on Monday. A delegation from the country, including the Finance Minister Fausto Herrera, will visit buyside accounts in Lo
Published 27 Mar, 2016 12:00am
US natural gas stocks seen rising for first week in 2016

US natural gas stocks seen rising for first week in 2016

US utilities were poised to inject natural gas into storage for the first week this year with a build of 20 billion cubic feet during the week ended March 18, a Reuters survey of energy analysts showed on Wednesday. The estimate compares with draws of 1 b
Published 27 Mar, 2016 12:00am
Turkey's Borsa Istanbul plans 2017 IPO
Exchange

Turkey's Borsa Istanbul plans 2017 IPO

Turkey's Borsa Istanbul stock exchange plans to sell around 40 percent of its share capital next year via an initial public offering (IPO), its chief executive officer said on Tuesday. "Next year we will have an IPO and become a public company in 2017," T
Published 27 Mar, 2016 12:00am
Indonesia raises $2.5 billion in its largest global sukuk
Currency

Indonesia raises $2.5 billion in its largest global sukuk

The Indonesian government sold $2.5 billion of sharia bonds to the global markets on Tuesday, the largest amount it has raised to date from what's known as "global sukuk". The government sold $750 million of 5-year sukuk with a coupon at 3.4 percent, whil
Published 27 Mar, 2016 12:00am
Indonesia raises $2.5 billion in its largest global sukuk
Currency

Indonesia raises $2.5 billion in its largest global sukuk

The Indonesian government sold $2.5 billion of sharia bonds to the global markets on Tuesday, the largest amount it has raised to date from what's known as "global sukuk". The government sold $750 million of 5-year sukuk with a coupon at 3.4 percent, whil
Published 27 Mar, 2016 12:00am
J.P Morgan cuts eurozone equities to 'neutral' from 'overweight'

J.P Morgan cuts eurozone equities to 'neutral' from 'overweight'

J.P. Morgan Cazenove has downgraded its position on eurozone equities to "neutral" from "overweight", citing headwinds on the region's stock markets from a weakening in the US dollar. The dollar has fallen in recent sessions after the US Federal Reserve l
Published 27 Mar, 2016 12:00am
J.P Morgan ups Russian stocks to overweight, predicts stronger rouble

J.P Morgan ups Russian stocks to overweight, predicts stronger rouble

Investment bank J.P. Morgan said on Wednesday it had raised exposure to Russian equities to 'overweight' from 'neutral' after raising forecasts for economic growth (GDP) and further rouble appreciation this year. "Russia is the region's highest beta stock
Published 27 Mar, 2016 12:00am
Infibeam IPO fully subscribed, institutional demand thin
Exchange

Infibeam IPO fully subscribed, institutional demand thin

Indian online retailer Infibeam Incorporation's initial public offering (IPO) attracted thin demand from institutional investors, just selling the total number of shares on offer to raise about $67.32 million in the country's first e-commerce listing.
Published 27 Mar, 2016 12:00am
Infibeam IPO fully subscribed, institutional demand thin
Exchange

Infibeam IPO fully subscribed, institutional demand thin

Indian online retailer Infibeam Incorporation's initial public offering (IPO) attracted thin demand from institutional investors, just selling the total number of shares on offer to raise about $67.32 million in the country's first e-commerce listing.
Published 27 Mar, 2016 12:00am
Argentina names banks for bond offer
Currency

Argentina names banks for bond offer

Argentina named BBVA, Citigroup, Deutsche Bank, HSBC, J.P. Morgan, Santander and UBS as joint bookrunners for a possible bond sale, a source familiar with the matter told IFR on Tuesday. The timing and currency of the bond offering are not yet certain but
Published 27 Mar, 2016 12:00am
Argentina names banks for bond offer
Currency

Argentina names banks for bond offer

Argentina named BBVA, Citigroup, Deutsche Bank, HSBC, J.P. Morgan, Santander and UBS as joint bookrunners for a possible bond sale, a source familiar with the matter told IFR on Tuesday. The timing and currency of the bond offering are not yet certain but
Published 27 Mar, 2016 12:00am
Japan floats plan to reduce sale of inflation-linked JGBs

Japan floats plan to reduce sale of inflation-linked JGBs

Japan's Ministry of Finance has floated a plan to reduce the issuance of inflation-linked Japanese government bonds (JGB) at its next auction to 400 billion yen from an originally planned 500 billion yen, a senior ministry official told a briefing on Wedn
Published 27 Mar, 2016 12:00am
Japan floats plan to reduce sale of inflation-linked JGBs

Japan floats plan to reduce sale of inflation-linked JGBs

Japan's Ministry of Finance has floated a plan to reduce the issuance of inflation-linked Japanese government bonds (JGB) at its next auction to 400 billion yen from an originally planned 500 billion yen, a senior ministry official told a briefing on Wedn
Published 27 Mar, 2016 12:00am
Saudi bourse asks banks to pitch for IPO advisory roles
Exchange

Saudi bourse asks banks to pitch for IPO advisory roles

The Saudi Stock Exchange has asked banks to pitch for roles advising on its own initial public share offer, sources familiar with the matter said on Wednesday. Saudi Arabia is expected to privatise and float a number of state-owned assets in the coming ye
Published 27 Mar, 2016 12:00am
Steven Cohen's Point72 asset manager eyes Asia expansion
Exchange

Steven Cohen's Point72 asset manager eyes Asia expansion

Billionaire Steven A. Cohen, long a major investor in US stocks, is looking for more opportunities overseas and is beefing up his management team in Asia, his top deputy said. Point72 Asset Management, which manages roughly $11 billion for Cohen and a han
Published 27 Mar, 2016 12:00am
Steven Cohen's Point72 asset manager eyes Asia expansion
Exchange

Steven Cohen's Point72 asset manager eyes Asia expansion

Billionaire Steven A. Cohen, long a major investor in US stocks, is looking for more opportunities overseas and is beefing up his management team in Asia, his top deputy said. Point72 Asset Management, which manages roughly $11 billion for Cohen and a han
Published 27 Mar, 2016 12:00am
Citi offers to pay up on new Prosper loan ABS

Citi offers to pay up on new Prosper loan ABS

Citigroup is making a big push to attract buyers to its latest Prosper Marketplace loan securitization by dangling juicy spreads in front of investors. Talk on its US $278.385m bond emerged on Monday some 100bp-200bp above what a similar Prosper deal from
Published 27 Mar, 2016 12:00am
Despite oil's decline, energy companies win with equity offerings

Despite oil's decline, energy companies win with equity offerings

More than a dozen companies in the hard-hit exploration and production energy industry have announced new share offerings this year - and have generally been rewarded in the stock market for the strategy. Although it might seem that companies would upset
Published 27 Mar, 2016 12:00am
Fubon Asset turns cautious on China, sees further downside
Exchange

Fubon Asset turns cautious on China, sees further downside

The president of Taiwan's biggest China investment fund said China's last depreciation of its currency sparked a global market crisis and warned investors to be very cautious as more turbulence could be on the way. Henry Lin, President of Fubon Asset Mana
Published 27 Mar, 2016 12:00am
Fubon Asset turns cautious on China, sees further downside
Exchange

Fubon Asset turns cautious on China, sees further downside

The president of Taiwan's biggest China investment fund said China's last depreciation of its currency sparked a global market crisis and warned investors to be very cautious as more turbulence could be on the way. Henry Lin, President of Fubon Asset Mana
Published 27 Mar, 2016 12:00am
Hungary seen weakening forint, zloty and leu expected to firm
Currency

Hungary seen weakening forint, zloty and leu expected to firm

Expected monetary easing in Hungary will weaken the forint in the next 12 months even though Central Europe's healthy growth and stability could support the region's currencies, a Reuters poll found on Thursday. In the February 29-March 3 poll of 41 analy
Published 27 Mar, 2016 12:00am
China's yuan steadily weakens versus trade partners' currencies
Exchange

China's yuan steadily weakens versus trade partners' currencies

China is engineering a steady depreciation of its yuan in a move that has gone largely unnoticed because its weakness this year has come against the currencies of trading partners rather than the dollar. Emerging currencies have broadly strengthened in 20
Published 27 Mar, 2016 12:00am
Paraguay launches dollar bond, its first in almost a year

Paraguay launches dollar bond, its first in almost a year

The Republic of Paraguay launched a bigger-than-expected US $600m 10-year bond on Wednesday, its first dollar offering in almost a year which will finance new investments and refinance existing debt. Bank of America Merrill Lynch and Itau upsized the deal
Published 27 Mar, 2016 12:00am
Paraguay launches dollar bond, its first in almost a year

Paraguay launches dollar bond, its first in almost a year

The Republic of Paraguay launched a bigger-than-expected US $600m 10-year bond on Wednesday, its first dollar offering in almost a year which will finance new investments and refinance existing debt. Bank of America Merrill Lynch and Itau upsized the deal
Published 27 Mar, 2016 12:00am
National Bank of Egypt offers callable dollar options
Currency

National Bank of Egypt offers callable dollar options

The state-owned National Bank of Egypt said on Monday it would start offering foreign investors callable dollar options as part of an effort to lure foreign investment back into the country. Group Head of Treasury and Capital Markets at the bank, Amr Most
Published 27 Mar, 2016 12:00am
Polish, Hungarian 10-year bond yields seen rising in tandem

Polish, Hungarian 10-year bond yields seen rising in tandem

Hungary's and Poland's 10-year bond yields are expected to rise in tandem by more than 30 basis points in the next year, partly tracking a likely rise in US Treasury yields, a Reuters poll of 17 analysts showed on Thursday. Monetary easing from the Europe
Published 27 Mar, 2016 12:00am
Polish, Hungarian 10-year bond yields seen rising in tandem

Polish, Hungarian 10-year bond yields seen rising in tandem

Hungary's and Poland's 10-year bond yields are expected to rise in tandem by more than 30 basis points in the next year, partly tracking a likely rise in US Treasury yields, a Reuters poll of 17 analysts showed on Thursday. Monetary easing from the Europe
Published 27 Mar, 2016 12:00am
Nigeria's naira peg appears untenable
Exchange

Nigeria's naira peg appears untenable

Nigeria's pegged exchange rate policy appears unsustainable and undermines government efforts to attract investment and diversify the economy away from oil, the chairman of local lender Stanbic said on Tuesday. The comments are among the toughest yet from
Published 27 Mar, 2016 12:00am
Loonie's decline hits Canadians hard
Currency

Loonie's decline hits Canadians hard

The rapid fall of the Canadian dollar alongside plunging oil prices is hitting Canadians hard, with a marked increase in the cost of imported goods forcing households to reduce spending. At parity with the US greenback from 2010 to 2013, the Canadian doll
Published 27 Mar, 2016 12:00am
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