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Print - 2016-05-08
Erdogan pours cold water on hopes of progress on EU deal

Erdogan pours cold water on hopes of progress on EU deal

Turkish President Tayyip Erdogan on Saturday poured more cold water on hopes for progress with Europe on a deal to curb migration, suggesting Ankara would not change its anti-terrorism laws just to meet European Union requirements. The EU has asked member
Published 08 May, 2016 12:00am
Malaysia's ruling party sweeps state polls

Malaysia's ruling party sweeps state polls

Malaysia's ruling coalition secured a landslide victory in the Borneo state of Sarawak on Saturday after a campaign led by the prime minister, who is facing a financial scandal involving a state-owned fund. The Barisan Nasional (BN) alliance expanded its
Published 08 May, 2016 12:00am
North Korea shows off hospital care inspired by Great Leaders

North Korea shows off hospital care inspired by Great Leaders

North Korea Saturday organised an unusual media tour of a gleaming modern hospital, apparently seeking to highlight its leaders' love for the people during a major ruling party gathering. The Pyongyang Maternity Hospital owes everything to the party and t
Published 08 May, 2016 12:00am
Kazakh police detain activists, derail fresh land protest

Kazakh police detain activists, derail fresh land protest

Kazakh police derailed a fresh protest against land reforms on Saturday by detaining several activists and blocking access to the main square of Almaty, the Central Asian nation's biggest city. Hundreds of Kazakhs have taken to the streets in several citi
Published 08 May, 2016 12:00am
Founder of online underworld bank gets 20 years in prison
Currency

Founder of online underworld bank gets 20 years in prison

The founder of an online underworld bank that allegedly laundered billions of dollars for criminals was sentenced Friday to 20 years in prison. Arthur Budovsky, 42, had pleaded guilty to one count of conspiring to commit money laundering on January 29, th
Published 08 May, 2016 12:00am
Three Red Cross hostages freed in DR Congo

Three Red Cross hostages freed in DR Congo

Three Red Cross workers kidnapped by armed men in the restive eastern Democratic Republic of Congo have been released, the International Committee of the Red Cross (ICRC) said Saturday. "We are relieved that their ordeal is over and that they are now back
Published 08 May, 2016 12:00am
Sri Lanka still torturing suspects after end of war: UN

Sri Lanka still torturing suspects after end of war: UN

A UN official slammed Sri Lanka's criminal justice system on Saturday, accusing police of sexually abusing suspects and still using torture seven years after the end of its ethnic war. United Nations Human Rights Expert Juan E. Mendez told reporters in Co
Published 08 May, 2016 12:00am
Nepal recalls India envoy, cancels president's visit

Nepal recalls India envoy, cancels president's visit

Nepal has recalled its ambassador to India and cancelled an upcoming visit by its president to New Delhi, officials said Saturday, further straining ties between the two neighbours after months of tension. Deep Kumar Upadhyay was recalled to Kathmandu lat
Published 08 May, 2016 12:00am
Residents return as truce extended in Syria's Aleppo

Residents return as truce extended in Syria's Aleppo

Displaced families returned home and schools reopened in rebel-held districts of Syria's Aleppo on Saturday after a truce was extended for 72 hours in the battleground northern city. Residents trickled back into eastern areas of Aleppo, encouraged by a ha
Published 08 May, 2016 12:00am
Thousands demand legalisation of cannabis in South Africa

Thousands demand legalisation of cannabis in South Africa

Thousands of South Africans took to the streets of Cape Town on Saturday demanding a relaxation of drugs laws to allow medicinal and recreational use of cannabis. Around 3,000 protesters took part in the march, some smoking cannabis, also known as marijua
Published 08 May, 2016 12:00am
Military plane crashes off US East Coast

Military plane crashes off US East Coast

An American military plane crashed off the US East Coast on Friday, but the US Marine piloting it ejected ahead of time and was in stable condition, officials said. The plane was an AV-8B Harrier II, a single-engine ground attack aircraft that has short t
Published 08 May, 2016 12:00am
Bangladesh Sufi leader killed

Bangladesh Sufi leader killed

A local Sufi Muslim leader has been found hacked to death in Bangladesh in a suspected Islamist killing, police said Saturday, two weeks after the Islamic State group claimed the murder of a liberal professor in the same northwestern district. Mohammad Sh
Published 08 May, 2016 12:00am
Fazl asked to join opposition's anti-graft campaign

Fazl asked to join opposition's anti-graft campaign

Jamaat-e-Islami Ameer Siraj ul Haq Saturday asked Jamiat Ulema e Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman to join opposition's campaign against corruption. "I want to tell Maulana Fazlur Rehman that accountability would be held on the day of judgmen
Published 08 May, 2016 12:00am
MoU signed on milk adulteration survey

MoU signed on milk adulteration survey

The University of Veterinary and Animal Sciences Lahore and Tetra Pak Pakistan signed a Memorandum of Understanding (MoU) to jointly conduct a milk adulteration survey. Vice-Chancellor Meritorious Professor Dr Talat Naseer Pasha and Tetra Pak Marketing Di
Published 08 May, 2016 12:00am
Number of meetings of NSC declined to one in 2014-15: Pildat

Number of meetings of NSC declined to one in 2014-15: Pildat

The number of meetings of the National Security Committee (NSC) held to address the security threats in the country has declined from three in 2013-14 to only one meeting in 2014-15. Recently launched Pildat's core card' on the "Federal Government of Paki
Published 08 May, 2016 12:00am
Survey teams to collect estimates of losses in Waziristan

Survey teams to collect estimates of losses in Waziristan

The political administration of South Waziristan Agency and Pakistan Army has announced dispatching joint survey teams to Makeen and Kaniguram areas to collect estimates of losses and their compensation with immediate effect. Survey teams to these areas w
Published 08 May, 2016 12:00am
'Government should take steps towards improving ties with Afghanistan'

'Government should take steps towards improving ties with Afghanistan'

Chairman of Qaumi Watan Party, Aftab Ahmad Khan Sherpao urged the government to take practical steps to strengthen cordial and sustainable relations between Pakistan and Afghanistan. Sherpao said this while speaking at inaugural ceremony of various develo
Published 08 May, 2016 12:00am
APBF underscores need for bringing agriculture income into tax net

APBF underscores need for bringing agriculture income into tax net

The All Pakistan Business Forum has recommended the broadening of tax base through appropriate legislation to ensure that all income earners pay taxes equitably, including agriculture income. The Forum President Ibrahim Qureshi said that culture of amnest
Published 08 May, 2016 12:00am
APBF underscores need for bringing agriculture income into tax net

APBF underscores need for bringing agriculture income into tax net

The All Pakistan Business Forum has recommended the broadening of tax base through appropriate legislation to ensure that all income earners pay taxes equitably, including agriculture income. The Forum President Ibrahim Qureshi said that culture of amnest
Published 08 May, 2016 12:00am
FWO to construct southern loop of Lahore Ring Road

FWO to construct southern loop of Lahore Ring Road

The Punjab government has awarded contract of construction of southern loop of Lahore Ring Road to Frontier Works Organization (FWO) here on Saturday. Commissioner Lahore Division and Chairperson Lahore Ring Road Authority, Abdullah Khan Sumbal has said t
Published 08 May, 2016 12:00am
Dr Asim: hearing adjourned till May 13

Dr Asim: hearing adjourned till May 13

Accountability court (AC) on Saturday adjourned hearing of case regarding Rs 17 billions embezzlement against former federal petroleum minister Dr Asim Hussain till May 13. Dr Asim, Yousaf Ansari, Basharat Mirza, Naveed Mukhtar and others accused in the c
Published 08 May, 2016 12:00am
KKKU approves establishment of Chinese language, culture centre

KKKU approves establishment of Chinese language, culture centre

The syndicate meeting of Khushal Khan Khattak University Karak approved the establishment of Khushal centre for Chinese language and culture and decided to launch a new department of Material Physics and Nino Technology from the next semester. The meeting
Published 08 May, 2016 12:00am
FBR to deduct Rs 50 billion from textile refunds
Cotton

FBR to deduct Rs 50 billion from textile refunds

Federal Board of Revenue will deduct Rs 50 billion from the refunds of textile mills which was collected from the ginners at the rate of one percent and they did not deposit it in national funds, said FBR Inland Revenue member (operation) Dr Muhammad Irsh
Published 08 May, 2016 12:00am
Press Freedom Day: government urged to ensure safety of journalists

Press Freedom Day: government urged to ensure safety of journalists

Speakers at a seminar or Saturday urged upon the government to ensure safety of journalists in the country as the community is becoming vulnerable due to growing lack of tolerance in society. The seminar "Safety of Journalists and Combating Impunity" in c
Published 08 May, 2016 12:00am
Over 100,000 books sold at PU book fair

Over 100,000 books sold at PU book fair

Pakistan's largest three-day book fair organized by Punjab University administration concluded here on Saturday at New Campus. According to organizers, over one hundred thousand books were sold during the first two days. On the last day, Minister Educatio
Published 08 May, 2016 12:00am
Gas connections: textile millers welcome removal of moratorium

Gas connections: textile millers welcome removal of moratorium

The Punjab-based textile millers have taken a sigh of relief over the lifting of moratorium on new gas connections. The Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi had informed the NA standing committee on Petroleum and Natu
Published 08 May, 2016 12:00am
Pakistan's England tour to be first test of Mickey Arthur

Pakistan's England tour to be first test of Mickey Arthur

While Pakistan cricket team is scheduled to undertake tour of England in July this year, there are hopes with the newly appointed head coach Mickey Arthur and this tour would be his first test. The former cricketers have expressed the hope that Mickey Art
Published 08 May, 2016 12:00am
Romanian Cup final postponed after Ekeng's death

Romanian Cup final postponed after Ekeng's death

The Romanian Cup final has been put back a week following the death of Cameroon international Patrick Ekeng during a league match, the Romanian Football Federation announced Saturday. Ekeng, 26, died after collapsing on the pitch while playing a first div
Published 08 May, 2016 12:00am
Murray downs Nadal to reach Madrid Masters final

Murray downs Nadal to reach Madrid Masters final

Defending champion Andy Murray registered just his second ever win over Rafael Nadal on clay to reach the Madrid Masters final 7-5, 6-4 on Saturday. Murray also beat Nadal on home soil to win his first ever Masters event on clay in Madrid last year. The S
Published 08 May, 2016 12:00am
Wapda's Farhan lifts FMC Squash title

Wapda's Farhan lifts FMC Squash title

Farhan Mehboob of Wapda trounced younger brother Waqar Mehboob of ZTBL to clinch the 4th FMC International Squash Championship 2016 title here at the Punjab Squash Complex on Saturday. The final clash proved to be a one-sided affair as elder brother Farha
Published 08 May, 2016 12:00am
Bayern Munich secure record fourth straight Bundesliga title

Bayern Munich secure record fourth straight Bundesliga title

Bayern Munich secured a record fourth consecutive Bundesliga title with a game to spare on Saturday after a 2-1 victory at Ingolstadt helped them put the disappointment of their midweek Champions League semi-final exit behind them. The Bavarians made sure
Published 08 May, 2016 12:00am
Simona Halep wins WTA Madrid Open

Simona Halep wins WTA Madrid Open

Romania's Simona Halep sealed her first title in 14 months with a 6-2, 6-4 win over Dominika Cibulkova to claim the Madrid Open on Saturday. Halep stormed through the first set in half an hour and needed just one break in the first game of the second to w
Published 08 May, 2016 12:00am
Russia dismisses Sochi Games doping claims

Russia dismisses Sochi Games doping claims

Russia's sports minister on Saturday dismissed claims that four Russian gold medallists at the 2014 Sochi Winter Olympics were drug cheats. The allegations - the latest in a string of doping accusations to rock Russian sport - are made by whistleblower Vi
Published 08 May, 2016 12:00am
Mathews hopes to gain from Jayawardene's England knowledge

Mathews hopes to gain from Jayawardene's England knowledge

Sri Lanka captain Angelo Mathews hopes to utilise Mahela Jayawardene's inside knowledge of the England set-up when the two teams meet in a Test series later this month. Jayawardene, one of Sri Lanka's greatest batsman but retired from international cricke
Published 08 May, 2016 12:00am
South Korea's Ryu grabs LPGA lead

South Korea's Ryu grabs LPGA lead

South Korea's Ryu So-Yeon had seven birdies and no bogeys in a seven-under 65 on Friday to seize a two-shot lead in the LPGA Classic at Prattville, Alabama. At nine-under par 135, Ryu led Australian Minjee Lee and Americans Ryann O'Toole and Morgan Presse
Published 08 May, 2016 12:00am
Sunderland stun Chelsea

Sunderland stun Chelsea

Sunderland climbed out of the Premier League relegation zone by coming from behind to beat Chelsea 3-2 on Saturday as Leicester City got ready to celebrate their stunning title success. The Black Cats were 2-1 down at home to Chelsea, last season's champi
Published 08 May, 2016 12:00am
China's April FX reserves rise to $3.22 trillion
Currency

China's April FX reserves rise to $3.22 trillion

China's foreign exchange reserves rose in April to $3.22 trillion, central bank data showed on Saturday, marking a second monthly rise this year and suggesting the central bank is easing off its interventions as capital outflows ease. Economists surveyed
Published 08 May, 2016 12:00am
Berkshire discloses unit's ties to Iran, opens probe

Berkshire discloses unit's ties to Iran, opens probe

Warren Buffett's Berkshire Hathaway Inc said on Friday it recently learned that one of its foreign units made sales through a third-party distributor to customers in Iran, despite US sanctions against that country. In its quarterly report filed with the U
Published 08 May, 2016 12:00am
Bank of America overhauling mutual fund offerings

Bank of America overhauling mutual fund offerings

Bank of America will provide research coverage on all of its mutual fund offerings, a move that will require it to get rid of some underperforming and unpopular funds, a company spokesman said on Friday. Bank of America offers over 3,500 mutual funds to i
Published 08 May, 2016 12:00am
Bank of America overhauling mutual fund offerings

Bank of America overhauling mutual fund offerings

Bank of America will provide research coverage on all of its mutual fund offerings, a move that will require it to get rid of some underperforming and unpopular funds, a company spokesman said on Friday. Bank of America offers over 3,500 mutual funds to i
Published 08 May, 2016 12:00am
Spain's Rajoy asks Brussels to forgo deficit fine

Spain's Rajoy asks Brussels to forgo deficit fine

Spain's acting prime minister Mariano Rajoy has asked Brussels to waive a fine that could be imposed on the country for missing its deficit target in 2015, El Pais newspaper reported on Saturday. Citing a letter sent to European Commission President Jean-
Published 08 May, 2016 12:00am
German Vice Chancellor urges debt relief for Greece

German Vice Chancellor urges debt relief for Greece

German Vice Chancellor Sigmar Gabriel urged euro zone finance ministers to start talks on debt relief for Greece, saying it made no sense to crush the green shoots of economic recovery with further austerity measures. The finance ministers of the euro zon
Published 08 May, 2016 12:00am
Kuwait's Burgan Bank Q1 net profit falls

Kuwait's Burgan Bank Q1 net profit falls

Burgan Bank reported a 18.5 percent fall in first-quarter net profit on Saturday, according to Reuters calculations, as Kuwait's third-largest lender by assets secured less income from foreign exchange. A unit of Kuwait Projects Co (KIPCO), Burgan made a
Published 08 May, 2016 12:00am
Kuwait's Burgan Bank Q1 net profit falls

Kuwait's Burgan Bank Q1 net profit falls

Burgan Bank reported a 18.5 percent fall in first-quarter net profit on Saturday, according to Reuters calculations, as Kuwait's third-largest lender by assets secured less income from foreign exchange. A unit of Kuwait Projects Co (KIPCO), Burgan made a
Published 08 May, 2016 12:00am
Major oil firms issue force majeures on Canadian crude

Major oil firms issue force majeures on Canadian crude

Three major oil firms have warned they will not be able to deliver on some contracts for Canadian crude, a further sign that output cuts due to wildfires are curbing supplies from the Alberta oil sands region. British oil firm BP Plc said it had alerted c
Published 08 May, 2016 12:00am
Mozambique's tuna fleet rusts as an African success story fades
Currency

Mozambique's tuna fleet rusts as an African success story fades

The 24 fishing boats rusting in the harbour of Mozambique's capital were meant to be a modern tuna fleet that would rake in hard currency, create jobs and provide a cheap source of protein for one of the world's poorest countries. Instead, they have becom
Published 08 May, 2016 12:00am
Sales of new Ram pickup to begin by January 2018

Sales of new Ram pickup to begin by January 2018

Fiat Chrysler Automobiles next-generation Ram pickup truck will go on sale by January 2018, Chief Executive Officer Sergio Marchionne said on Friday. "We will be in market by January of '18," said Marchionne of the new version of FCA's top-selling vehicle
Published 08 May, 2016 12:00am
Yuan, rupee forecast to weaken slightly over coming year
Currency

Yuan, rupee forecast to weaken slightly over coming year

The outlook for major Asian currencies has stayed remarkably stable, according to a Reuters poll of strategists, despite the Japanese yen's explosive rally and with forecasts hinging on US central bank policy expectations. China's yuan is forecast to weak
Published 08 May, 2016 12:00am
Emerging market FX expected to hold ground after rally
Currency

Emerging market FX expected to hold ground after rally

Emerging market currencies are expected to remain above their record lows for the rest of 2016 after their recent rebound, a Reuters poll showed, another sign that a five-year rally in the US dollar had run its course. Thirty-nine of 53 currency strategis
Published 08 May, 2016 12:00am
Zimbabwe curbs imports, cash withdrawals
Currency

Zimbabwe curbs imports, cash withdrawals

Zimbabwe's central bank set priorities for imports and imposed limits on cash withdrawals on Wednesday, in an effort to ease an acute shortage of money, as the IMF said the country's economic difficulties had worsened after a devastating drought. Hyperinf
Published 08 May, 2016 12:00am
Dollar soars as Fed's Dudley offsets weak US jobs data
Currency

Dollar soars as Fed's Dudley offsets weak US jobs data

The dollar rose against a basket of currencies on Friday as a top Federal Reserve official's remarks convinced some investors that US interest rates could rise faster than expected even though April hiring data was weaker than forecast. New York Fed Presi
Published 08 May, 2016 12:00am
Canadian dollar falls
Currency

Canadian dollar falls

The Canadian dollar weakened to a two-week low against its US counterpart on Friday as Canada's labour market stalled, while a raging wildfire in Alberta weighed on the country's economic outlook. Canada lost 2,100 jobs in April as the oil-rich province o
Published 08 May, 2016 12:00am
Latam forex outlook limited by Brazil's fiscal worries, Fed doubts

Latam forex outlook limited by Brazil's fiscal worries, Fed doubts

The outlook for Latin American currencies has improved further, a Reuters poll showed on Wednesday, but questions about the ability of Brazil's likely new government to plug a massive budget deficit stand in the way of future gains. The possibility of a r
Published 08 May, 2016 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

US wheat futures fell 1.8 percent on Thursday to their lowest since mid-April on expectations for a robust crop in the US Plains, traders said. The Wheat Quality Council estimated the Kansas hard red winter harvest would rise to 382.4 million bushels from
Published 08 May, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (May 07, 2016) and the forecast for Sunday (May 08, 2016).

Published 08 May, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 07, 2016).

Published 08 May, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 07, 2016)

Published 08 May, 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 (May 07, 2016).

Published 08 May, 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 (May 07, 2016).

Published 08 May, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 07, 2016).

Published 08 May, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 07, 2016).

Published 08 May, 2016 12:00am
THE RUPEE: modest rise
Currency

THE RUPEE: modest rise

The rupee maintained surge versus the dollar on the money market on Saturday in the process of trading, dealers said. The rupee recovered five paisas in relation to dollar for buying and selling at Rs 104.70 and Rs 104.90, they said. The rupee also manage
Published 08 May, 2016 12:00am
THE RUPEE: modest rise
Currency

THE RUPEE: modest rise

The rupee maintained surge versus the dollar on the money market on Saturday in the process of trading, dealers said. The rupee recovered five paisas in relation to dollar for buying and selling at Rs 104.70 and Rs 104.90, they said. The rupee also manage
Published 08 May, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (May 07, 2016).

Published 08 May, 2016 12:00am
Asian naphtha crack lower to two-month low

Asian naphtha crack lower to two-month low

Asia's naphtha crack slipped on Wednesday to a nearly two-month low of $57.25 a tonne on ample supplies as refineries ran at high rates to cash in on low crude prices, traders said. The weak fundamentals drew South Korean buyer YNCC forward as it sought t
Published 08 May, 2016 12:00am
US FOB Gulf soyabean premiums fall sharply

US FOB Gulf soyabean premiums fall sharply

Soyabean export premiums fell sharply at the US Gulf Coast on Thursday, weighed down by ample supplies and seasonally slowing demand as cheaper and freshly harvested supplies were on offer in South America, traders said. Losses in soya differentials in th
Published 08 May, 2016 12:00am
Thai rice prices above nine-month high on new demand

Thai rice prices above nine-month high on new demand

Thai rice prices rose this week to their highest in more than nine months on fresh demand from Japan and Africa and thin domestic supply, while Vietnamese rice export prices stood unchanged, traders said on Wednesday. Thai 5-percent broken rice rose to $3
Published 08 May, 2016 12:00am
Vietnamese coffee prices rise to six-month high

Vietnamese coffee prices rise to six-month high

Vietnamese robusta coffee prices rose to the highest in nearly six months on Thursday, boosted by gains in global robusta futures markets and thin domestic supply as farmers were holding back stocks, traders said. Thin foreign buying demand has added to t
Published 08 May, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The May vaida was up on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The May vaida closed at Rs 2046.70 and it opened with 20 paisa gain at Rs 2046.90 in morning session, they said. The July vaida settled at
Published 08 May, 2016 12:00am
Cotton market: prices firm on modest trade
Cotton

Cotton market: prices firm on modest trade

The rates were firm on the cotton market on Saturday in the process of modest trading, dealers said. The official spot rate did not show any change at Rs 5,650 dealers said. In the Punjab, prices showed no change at Rs 3100 and Rs 3400, they said. In the
Published 08 May, 2016 12:00am
European vegoils: palm oil firmer on weak ringgit
Currency

European vegoils: palm oil firmer on weak ringgit

Palm oil on the European vegetable oils market was offered firmer on Wednesday on the back of a weak ringgit that sparked short-covering on hopes for improved exports. "A weak ringgit makes palm oil cheaper for foreign buyers, which caused Malaysian palm
Published 08 May, 2016 12:00am
Upward trend seen on grain market
Cotton

Upward trend seen on grain market

A rising trend was seen on the wholesale grain market on wholesale grain market on Saturday, dealers said. On the cereals side, Barley Sindh and Mardan gained Rs 150 to Rs 3150, other commodities maintained overnight levels, they said. On the rice sector,
Published 08 May, 2016 12:00am
Brevan Howard opens funds to fresh outside investors

Brevan Howard opens funds to fresh outside investors

Billionaire Alan Howard's hedge fund, Brevan Howard Asset Management, has opened two funds to additional outside investors, a source with direct knowledge of the matter told Reuters. A cash-raising drive for these funds, which will invest in stocks and bo
Published 08 May, 2016 12:00am
Bosnian Serb region falls short of target at five-year bond sale

Bosnian Serb region falls short of target at five-year bond sale

Bosnia's autonomous Serb Republic raised less than it had sought to help pay maturing debt in an auction of five-year bonds that ended on Thursday. The sale brought in 18.4 million Bosnian marka ($10.8 million) on Thursday, the second day of the auction,
Published 08 May, 2016 12:00am
Treasuries outlook: yields rise on signs of wage growth, Fed comments

Treasuries outlook: yields rise on signs of wage growth, Fed comments

US Treasury yields rose on Friday after April's US employment report showed signs of wage growth for American workers, an early sign that inflation may finally be strengthening, and a top Federal Reserve official said raising US interest rates twice this
Published 08 May, 2016 12:00am
Treasuries outlook: yields rise on signs of wage growth, Fed comments

Treasuries outlook: yields rise on signs of wage growth, Fed comments

US Treasury yields rose on Friday after April's US employment report showed signs of wage growth for American workers, an early sign that inflation may finally be strengthening, and a top Federal Reserve official said raising US interest rates twice this
Published 08 May, 2016 12:00am
Investors pull most money from US stock mutual funds this year

Investors pull most money from US stock mutual funds this year

Mutual fund investors punished US-based stock funds with their seventh consecutive week of withdrawals and their largest outflows so far this year, Investment Company Institute (ICI) data showed on Wednesday. Stock funds based in the United States returne
Published 08 May, 2016 12:00am
Investors pull most money from US stock mutual funds this year

Investors pull most money from US stock mutual funds this year

Mutual fund investors punished US-based stock funds with their seventh consecutive week of withdrawals and their largest outflows so far this year, Investment Company Institute (ICI) data showed on Wednesday. Stock funds based in the United States returne
Published 08 May, 2016 12:00am
TSX rises on higher gold and oil; ends lower for the week

TSX rises on higher gold and oil; ends lower for the week

Canada's main stock index rose on Friday as gold shares rallied after data tempered Federal Reserve rate hike expectations, while energy stocks also gained after oil prices turned higher. The most influential movers on the index included Barrick Gold Corp
Published 08 May, 2016 12:00am
Negative yielding bonds total near $10 trillion, Japan leads: Fitch

Negative yielding bonds total near $10 trillion, Japan leads: Fitch

The sum of government bonds worldwide that carry negative yields was $9.9 trillion in late April, with Japan accounting for two-thirds of the total and the rest in Europe, Fitch Ratings said on Wednesday. Of that total on April 25, $6.8 trillion were in l
Published 08 May, 2016 12:00am
Daily spot FX volumes on EBS and Thomson Reuters drop in April
Currency

Daily spot FX volumes on EBS and Thomson Reuters drop in April

Daily spot trading volumes on currency trading platforms run by Thomson Reuters and ICAP fell in April, extending a downward trend seen in recent months, according to figures the companies published on Thursday. Spot currency trading volume on TR platform
Published 08 May, 2016 12:00am
Japan, France say sudden forex moves not desirable

Japan, France say sudden forex moves not desirable

Japanese Prime Minister Shinzo Abe and French President Francois Hollande agreed that sudden moves in foreign exchange rates were undesirable, media reports said, as the yen rose to 18-month highs against the dollar. The two leaders, after a meeting late
Published 08 May, 2016 12:00am
Wall Street ends up after jobs report; S&P down for second week

Wall Street ends up after jobs report; S&P down for second week

US stocks rebounded from early losses to close higher on Friday as investors viewed the day's jobs data as less disappointing than first thought. Materials, industrials and discretionary shares were among the day's biggest gainers, with the S&P materials
Published 08 May, 2016 12:00am
Bosnian Serb region falls short of target at five-year bond sale

Bosnian Serb region falls short of target at five-year bond sale

Bosnia's autonomous Serb Republic raised less than it had sought to help pay maturing debt in an auction of five-year bonds that ended on Thursday. The sale brought in 18.4 million Bosnian marka ($10.8 million) on Thursday, the second day of the auction,
Published 08 May, 2016 12:00am
Negative yielding bonds total near $10 trillion, Japan leads: Fitch

Negative yielding bonds total near $10 trillion, Japan leads: Fitch

The sum of government bonds worldwide that carry negative yields was $9.9 trillion in late April, with Japan accounting for two-thirds of the total and the rest in Europe, Fitch Ratings said on Wednesday. Of that total on April 25, $6.8 trillion were in l
Published 08 May, 2016 12:00am
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