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Sep 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-05-21
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 21 May, 2016 12:00am
Hasil, Aftab take oath as federal ministers

Hasil, Aftab take oath as federal ministers

President Mamnoon Hussain administered the oath of offices to MNA Sheikh Aftab Ahmed and Senator Mir Hasil Bizenjo as Federal Ministers in a special Ceremony held here at the Aiwan-e-Sadr, Islamabad on Friday. Members of Parliament, Secretary Cabinet and
Published 21 May, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 21 May, 2016 12:00am
Hasil, Aftab take oath as federal ministers

Hasil, Aftab take oath as federal ministers

President Mamnoon Hussain administered the oath of offices to MNA Sheikh Aftab Ahmed and Senator Mir Hasil Bizenjo as Federal Ministers in a special Ceremony held here at the Aiwan-e-Sadr, Islamabad on Friday. Members of Parliament, Secretary Cabinet and
Published 21 May, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 21 May, 2016 12:00am
Currency wars, global growth top agenda at G7 meeting in Japan
Currency

Currency wars, global growth top agenda at G7 meeting in Japan

A deep divide over currency policy bubbled over at a G7 meeting in Japan on Friday as a senior US Treasury official warned against Tokyo''s bid to tame the resurgent yen. Japan, which is hosting the two-day talks, is keen to win an endorsement for its pos
Published 21 May, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 21 May, 2016 12:00am
Currency wars, global growth top agenda at G7 meeting in Japan
Currency

Currency wars, global growth top agenda at G7 meeting in Japan

A deep divide over currency policy bubbled over at a G7 meeting in Japan on Friday as a senior US Treasury official warned against Tokyo's bid to tame the resurgent yen. Japan, which is hosting the two-day talks, is keen to win an endorsement for its posi
Published 21 May, 2016 12:00am
Currency wars, global growth top agenda at G7 meeting in Japan
Currency

Currency wars, global growth top agenda at G7 meeting in Japan

A deep divide over currency policy bubbled over at a G7 meeting in Japan on Friday as a senior US Treasury official warned against Tokyo's bid to tame the resurgent yen. Japan, which is hosting the two-day talks, is keen to win an endorsement for its posi
Published 21 May, 2016 12:00am
BRIDGE NOTES: A mistake in Tactics

BRIDGE NOTES: A mistake in Tactics

Too often in Bridge, players forget the odds percentage at breaking of suits and in a hurry sometimes often make a fallacious move when all the time a safe risk free play was available. This NS hand is the last in the series of 4 hands test of dummy play.
Published 21 May, 2016 12:00am
New Pablo Neruda movie recounts poet's dramatic bid for freedom

New Pablo Neruda movie recounts poet's dramatic bid for freedom

The poems that won Pablo Neruda the Nobel prize for literature may never have been seen if the writer had not been such a good horseman. A new film, "Neruda" tells of the period in the Chilean icon's drama-packed life when he nearly drowned in a river whi
Published 21 May, 2016 12:00am
Loach comes out of 'retirement' with new Cannes film

Loach comes out of 'retirement' with new Cannes film

Left-wing British director Ken Loach - who turns 80 this year - said he was retiring two years ago just before showing his last movie "Jimmy's Hall" at the Cannes film festival. But he is back on the Croisette last Thursday and again in the running for th
Published 21 May, 2016 12:00am
Honours for De Niro, tears from legendary boxer Duran in Cannes

Honours for De Niro, tears from legendary boxer Duran in Cannes

It has been a while since legendary boxer Roberto Duran had a crowd on their feet chanting his name, but they did in Cannes on Monday after a screening of a film on his life starring Robert De Niro. Both De Niro and Duran had tears in their eyes as they e
Published 21 May, 2016 12:00am
Jodie Foster mines human impact of financial risk in 'Money Monster'

Jodie Foster mines human impact of financial risk in 'Money Monster'

When Jodie Foster wanted to explore the human relationship with technology and virtual intimacy in her latest directorial effort "Money Monster," she opted to use Wall Street as her setting and raise the dramatic stakes by holding George Clooney hostage.
Published 21 May, 2016 12:00am
The despised karela

The despised karela

Every cloud has a silver lining, so no wonder, if our despised karela has any silver lining. karela dose. Its curative properties are its silver linings. In his quest to remain healthy, Man has not only used fruits, flowers, leaves and the roots of the pl
Published 21 May, 2016 12:00am
Mashroob-e-Mehran

Mashroob-e-Mehran

Sindh the second largest province of Pakistan is famous for its rich cultural heritage and exclusive seasonal cuisines. The summer season of Sindh is governed by scorching sunny days and arid air with the mercury level frequently climbs to 46OC. During th
Published 21 May, 2016 12:00am
'Kleptocracy Tour': London sightseeing with a difference

'Kleptocracy Tour': London sightseeing with a difference

A black bus winds its way through some of London's most expensive neighbourhoods for a sightseeing tour with a difference - a guided visit around luxury houses bought by shady international tycoons and officials. The "Kleptocracy Tour" was set up by anti-
Published 21 May, 2016 12:00am
Female climbers blaze trails for their gender

Female climbers blaze trails for their gender

When a deadly avalanche hit Mount Everest a year ago, Pasang Lhamu Sherpa Akita, one of the few Nepali women with expertise in climbing the world's highest peaks, headed straight there to help. A gifted mountaineer who had summited Everest by the age of 2
Published 21 May, 2016 12:00am
Of every 1,000 pieces of air luggage, 7 go missing: What then?

Of every 1,000 pieces of air luggage, 7 go missing: What then?

What a way to start a vacation: One arrives safe and sound at the destination airport - but one's luggage has gone missing. If it's merely a trip to go shopping, maybe the missing luggage isn't too much of a problem. But what if you're about to go trekkin
Published 21 May, 2016 12:00am
Gel or wax? How to find the right hair product

Gel or wax? How to find the right hair product

In most pharmacies, hairstyling products take up several shelves. There's gel, wax, and mousse - but rarely is there any help as to which products are best for which look. Birgit Huber of Germany's Trade Association of Personal Hygiene and Soap gives the
Published 21 May, 2016 12:00am
Car door windows don't stop UV rays

Car door windows don't stop UV rays

Car windows don't protect against harmful sun exposure, so it might be a good idea to wear sunglasses and sun block even while driving, a new study suggests. While windshields blocked the vast majority of ultraviolet (UV) radiation from the sun, car door
Published 21 May, 2016 12:00am
ART FACTS: Traditions in contemporary world

ART FACTS: Traditions in contemporary world

Sayeda M Habib tried to understand the shift of mind in our society which now became preoccupied by the new world of hi-tech and everyday inventions. She wanted answers to her questions regarding this issue through her paintings in an exhibition titled "F
Published 21 May, 2016 12:00am
Rise in heat waves tied to kidney disease 'epidemics'

Rise in heat waves tied to kidney disease 'epidemics'

An increase in heat waves worldwide linked to climate change may be behind epidemics of kidney disease detected in workers who are increasingly exposed to heat and dehydration, according to a research review. Global warming has increased temperatures over
Published 21 May, 2016 12:00am
KARACHI CHRONICLE: The travails of senior citizens

KARACHI CHRONICLE: The travails of senior citizens

While the Sindh Assembly's Senior Citizen Bill is admirable, it appears as if our legislators referred to some foreign country's version what are the needs of senior citizens. The bill's version of elderly is the standardized view point. It is assumed all
Published 21 May, 2016 12:00am
An insider's account!

An insider's account!

Former Prime Minister Shaukat Aziz and some Anna Mikhailova have jointly authored a book 'From Banking to the Thorny World of Politics'. With former Prime Minister Shaukat Aziz I nurture a few unforgettable memories. Few eye-brows were raised when he was
Published 21 May, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 8,215 million and the number of lots traded was 14,766. PMEX Commodity Index closed at 2,826. Major business was contributed by gold amounting to PKR 5,804 million followed by curre
Published 21 May, 2016 12:00am
US FOB Gulf corn premiums firm on strong demand

US FOB Gulf corn premiums firm on strong demand

Export premiums for corn were steady to firm for US Gulf Coast shipments on Wednesday, buoyed by strong global demand as US supplies were competitively priced with South American grain, traders said. However, gains in futures prices and subsequent sales b
Published 21 May, 2016 12:00am
US natural gas futures fall to three-week low

US natural gas futures fall to three-week low

US natural gas futures on Wednesday fell to a three-week low on forecasts for slightly weaker demand from the power sector, giving back all of Tuesday's gains. After a brief short covering rally on Tuesday, front-month gas futures for June delivery on the
Published 21 May, 2016 12:00am
US Midwest corn bids mostly steady

US Midwest corn bids mostly steady

Corn spot basis bids were mostly steady around the US Midwest on Wednesday after futures jumped to a roughly one-month high, triggering a wave of farmer sales, grain merchants said. However, strong demand from some processors and livestock producers under
Published 21 May, 2016 12:00am
EU wheat prices fall from two-week high

EU wheat prices fall from two-week high

European wheat prices fell on Wednesday in light volumes as the market pulled back after a rally to a two-week high in the previous session. Brisk export activity continued to underpin prices, with a weaker euro further brightening EU export prospects. Bu
Published 21 May, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 171,998 tonnes of cargo comprising 146,512 tonnes of import cargo and 25,486 tonnes of export cargo including 5,789 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 146
Published 21 May, 2016 12:00am
Cotton market trade activity fails to pick up on sluggish demand
Cotton

Cotton market trade activity fails to pick up on sluggish demand

Mills and spinners largely remained on the sidelines on the cotton market on Friday due to higher prices of limited stock of fine quality, dealers said. The official spot rate was unchanged at Rs 5,550 dealers said. In the ready business, around 2700 bale
Published 21 May, 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 21 May, 2016 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose at the weekly auction on Tuesday due to availability of good quality leaf amid a drop in supplies, brokers said. Bangladeshi tea fetched an average of 199.95 taka ($2.50) per kg at the auction, the fourth of the new marketing
Published 21 May, 2016 12:00am
Russian wheat export prices up on strong demand

Russian wheat export prices up on strong demand

Russian wheat export prices rose further last week on strong demand from traders who need to fulfil obligations on earlier signed contracts, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content were at $193.5 a ton
Published 21 May, 2016 12:00am
Julius Baer trails Swiss rivals in landing new client money

Julius Baer trails Swiss rivals in landing new client money

Swiss private bank Julius Baer's net inflows of client cash at the start of 2016 were below target, bucking the trend at larger rivals UBS and Credit Suisse. Switzerland's third-largest listed bank said on Thursday assets under management rose 2 percent t
Published 21 May, 2016 12:00am
High food prices pose challenge to India's inflation target

High food prices pose challenge to India's inflation target

Prices of many foodstuffs such as pulses, sugar, vegetables and poultry products are set to surge in India in the next three months on thin supplies, which could fuel inflation and give the central bank little room to cut rates, said analysts. April consu
Published 21 May, 2016 12:00am
Indonesia to take stab at reopening Samurai bond market
Currency

Indonesia to take stab at reopening Samurai bond market

The Republic of Indonesia is preparing to reopen the Samurai market amid growing signs that Japanese investors are willing to go down the credit curve in search for higher returns. Indonesia, rated Baa3/BB+/BBB-, is looking to return to the market before
Published 21 May, 2016 12:00am
Indonesia to take stab at reopening Samurai bond market
Currency

Indonesia to take stab at reopening Samurai bond market

The Republic of Indonesia is preparing to reopen the Samurai market amid growing signs that Japanese investors are willing to go down the credit curve in search for higher returns. Indonesia, rated Baa3/BB+/BBB-, is looking to return to the market before
Published 21 May, 2016 12:00am
Lowe's sales beat estimates
Currency

Lowe's sales beat estimates

Home improvement chain Lowe's Cos Inc followed larger rival Home Depot Inc in reporting better-than-expected quarterly sales as strength in the US housing market and favorable weather led to strong demand for building and home renovation products. Results
Published 21 May, 2016 12:00am
Lowe's sales beat estimates
Currency

Lowe's sales beat estimates

Home improvement chain Lowe's Cos Inc followed larger rival Home Depot Inc in reporting better-than-expected quarterly sales as strength in the US housing market and favorable weather led to strong demand for building and home renovation products. Results
Published 21 May, 2016 12:00am
UK banks pulling out of pawn shops to cut risk

UK banks pulling out of pawn shops to cut risk

Banks in Britain may be denying credit to consumers by cutting off services to pawnbrokers to avoid falling foul of anti-money laundering rules, a senior UK lawmaker said on Friday. Andrew Tyrie, chairman of parliament's Treasury Select Committee has told
Published 21 May, 2016 12:00am
Thai Airways Q1 profit up by a third, fuel costs down

Thai Airways Q1 profit up by a third, fuel costs down

Thai Airways International PCL said its quarterly net profit surged by a third, its second consecutive quarter of profits, helped by a drop in fuel expenses as the flag carrier enters a second phase of restructuring. Net profit was 6 billion baht ($169.64
Published 21 May, 2016 12:00am
Thai Airways Q1 profit up by a third, fuel costs down

Thai Airways Q1 profit up by a third, fuel costs down

Thai Airways International PCL said its quarterly net profit surged by a third, its second consecutive quarter of profits, helped by a drop in fuel expenses as the flag carrier enters a second phase of restructuring. Net profit was 6 billion baht ($169.64
Published 21 May, 2016 12:00am
More than 25,000 Madoff victims now eligible for $4 billion fund

More than 25,000 Madoff victims now eligible for $4 billion fund

The overseer of a $4 billion US Department of Justice fund for victims of Bernard Madoff's Ponzi scheme said he expected to recommend payouts for at least 25,280 claimants with nearly $4 billion in fraud losses. Richard Breeden, special master of the Mado
Published 21 May, 2016 12:00am
Cuba reports wider 2015 trade deficit as commodity crash bites

Cuba reports wider 2015 trade deficit as commodity crash bites

Cuba's chronic goods trade deficit widened by $1.5 billion in 2015 as exports fell 24 percent and imports rose 3 percent, the government said, in the first data showing a commodity crash has hurt the economy. The information, released on the National Stat
Published 21 May, 2016 12:00am
Royal Mail turnaround proving expensive in tough UK market

Royal Mail turnaround proving expensive in tough UK market

Britain's Royal Mail Plc warned on Thursday it faced slightly higher than previously expected costs to modernise its operations in what it said was an extremely competitive domestic postal and parcel market. Royal Mail's prospects hinge on its ability to
Published 21 May, 2016 12:00am
IMF approves $2.9 billion loan for Tunisia

IMF approves $2.9 billion loan for Tunisia

The International Monetary Fund approved a $2.9 billion loan to Tunisia on Friday to help the country implement economic and financial reforms. The 48-month loan program aims at supporting the government's five-year plan to further stabilize the economy,
Published 21 May, 2016 12:00am
Drugmakers eye volume growth as China cuts prices by up to 67 percent

Drugmakers eye volume growth as China cuts prices by up to 67 percent

Chinese health authorities announced price cuts of up to two-thirds for three drugs on Friday in the latest move to reduce the cost of healthcare for patients in the world's second-biggest economy. The National Health and Family Planning Commission said t
Published 21 May, 2016 12:00am
Canadian retail sales fall more than expected in March

Canadian retail sales fall more than expected in March

Canadian retail sales fell more than expected in March, after two months of strong gains, as consumers bought fewer cars and home furnishings, data from Statistics Canada showed on Friday. The 1.0 percent decline exceeded economists' forecasts for a decre
Published 21 May, 2016 12:00am
Deutsche Bank investigates deal that may have profited staff

Deutsche Bank investigates deal that may have profited staff

Deutsche Bank is investigating staff involvement in a transaction suspected of causing a conflict of interest and has suspended bonus payments of the staff while the probe is ongoing, the bank said on Friday. The Wall Street Journal reported on Thursday t
Published 21 May, 2016 12:00am
Japan April core CPI seen falling for second month on energy prices

Japan April core CPI seen falling for second month on energy prices

Japan's consumer prices were expected to fall for a second straight month in April as energy prices dipped, and exports were seen to drop for a seven consecutive month on weak overseas demand and a strong yen, a Reuters poll found. The core consumer price
Published 21 May, 2016 12:00am
US existing home sales rise for second straight month

US existing home sales rise for second straight month

US home resales rose more than expected in April, suggesting the economy continues to gather pace during the second quarter. The National Association of Realtors said on Friday existing home sales increased 1.7 percent to an annual rate of 5.45 million un
Published 21 May, 2016 12:00am
Sri Lanka holds rates, expects past hikes to work through system

Sri Lanka holds rates, expects past hikes to work through system

Sri Lanka's central bank held its key policy interest rates steady for a third straight month on Friday, as expected, saying the recent tightening measures should start to rein it rapid credit growth and temper liquidity conditions. The central bank left
Published 21 May, 2016 12:00am
Brazil denies suspending home subsidies, as policy signals blur

Brazil denies suspending home subsidies, as policy signals blur

Brazil's government denied plans to suspend a popular housing subsidy on Friday, as the cities minister became the latest member of interim President Michel Temer's cabinet to walk back reported policy changes in a hasty transition. The minister, Bruno Ar
Published 21 May, 2016 12:00am
India's IDBI Bank says 'storm is gone' after $258 million Q4 loss

India's IDBI Bank says 'storm is gone' after $258 million Q4 loss

India's state-run IDBI Bank Ltd said it expected a reduction in bad loans this financial year as the economy improves and as the bank steps up recovery efforts, after a surge in sour debt led it to post a $258 million quarterly loss. IDBI also hopes to ra
Published 21 May, 2016 12:00am
China names ex-IMF official as new central bank deputy governor
Currency

China names ex-IMF official as new central bank deputy governor

China's cabinet appointed a former International Monetary Fund (IMF) official as a new deputy governor of the central bank, the latest appointment following recent upheavals in the country's currency and financial markets. Zhang Tao has served as the depa
Published 21 May, 2016 12:00am
China approves sweeping plan to clean up online finance industry

China approves sweeping plan to clean up online finance industry

China's government has approved a sweeping plan to clean up the country's online financial sector, according to sources with direct knowledge of the matter, including rules to limit the activities of P2P lending firms, the source of recent fraud scandals.
Published 21 May, 2016 12:00am
German economic upswing to continue at slower pace

German economic upswing to continue at slower pace

The German economy remains on a solid growth path due to strong domestic demand, but it is expected to lose some momentum in the coming months as weaker trade hits exports from Europe's largest economy, the Finance Ministry said on Friday. "The latest eco
Published 21 May, 2016 12:00am
Brexit could lead to downgrades for other EU countries: Fitch

Brexit could lead to downgrades for other EU countries: Fitch

A British exit from the European Union could hurt the credit ratings of other EU countries with close trade or financial ties to Britain, including Germany, France, Spain, Ireland and the Netherlands, Fitch said. The ratings agency has already said it wil
Published 21 May, 2016 12:00am
Brexit could lead to downgrades for other EU countries: Fitch

Brexit could lead to downgrades for other EU countries: Fitch

A British exit from the European Union could hurt the credit ratings of other EU countries with close trade or financial ties to Britain, including Germany, France, Spain, Ireland and the Netherlands, Fitch said. The ratings agency has already said it wil
Published 21 May, 2016 12:00am
Vietnam shares slide 0.7 percent; banks lead

Vietnam shares slide 0.7 percent; banks lead

Vietnam's benchmark VN Index ended down 0.7 percent on Friday, the third drop in a row, as banking stocks extended losses. Vietcombank, country's largest listed lender by market value, eased 1.46 percent. Bank for Investment and Development of Vietnam dro
Published 21 May, 2016 12:00am
Bond supply booms despite dip in sentiment

Bond supply booms despite dip in sentiment

Issuance in the euro market shows no signs of slowing despite a significant widening in key indices in the past month. Borrowers across all sectors are hitting the screens, with the investment-grade corporate market especially busy ahead of an expansion o
Published 21 May, 2016 12:00am
Bond supply booms despite dip in sentiment

Bond supply booms despite dip in sentiment

Issuance in the euro market shows no signs of slowing despite a significant widening in key indices in the past month. Borrowers across all sectors are hitting the screens, with the investment-grade corporate market especially busy ahead of an expansion o
Published 21 May, 2016 12:00am
Miners, banks help lift Australian shares; New Zealand up

Miners, banks help lift Australian shares; New Zealand up

Australian shares staged a modest rebound on Friday after two sessions of declines, led by gains in the mining sector and major banks. The S&P/ASX 200 index ended 27.958 points, or 0.53 percent higher, at 5,351.300. New Zealand's benchmark S&P/NZX 50 inde
Published 21 May, 2016 12:00am
Tokyo stocks close higher, weaker yen lifts automakers
Currency

Tokyo stocks close higher, weaker yen lifts automakers

Tokyo stocks closed higher Friday, ending the week on a positive note as a weaker yen boosted automakers. The benchmark Nikkei share index recovered in afternoon trade after a negative start, while a G7 finance meeting kicked off in northern Japan. The tw
Published 21 May, 2016 12:00am
Friday's early trade: tech, financial stocks prop up Wall Street

Friday's early trade: tech, financial stocks prop up Wall Street

Wall Street was higher on Friday as technology stocks were lifted by an upbeat forecast from chip industry bellwether Applied Materials, while financial stocks added to gains. The tech-heavy Nasdaq Composite index was up 1.13 percent, also boosted by Micr
Published 21 May, 2016 12:00am
S&P 500 hits lowest since March as rate fears deepen

S&P 500 hits lowest since March as rate fears deepen

The S&P 500 fell on Thursday to its lowest since March as Wall Street became more worried that the Federal Reserve might raise US interest rates as early as June. The timing of future Fed rate hikes in the face of a sluggish economy is a major ongoing con
Published 21 May, 2016 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares followed most other Asian stock markets higher on Friday, but light volumes indicated caution as investors braced for a US interest rate hike possibly as early as next month. Investors are also increasingly worried that China's economy ma
Published 21 May, 2016 12:00am
Prices rise as investors reduce bets for June rate hike

Prices rise as investors reduce bets for June rate hike

US Treasury prices rose on Thursday as markets rebounded from Wednesday's sell-off and priced down the odds of a Federal Reserve interest rate increase after even-handed remarks from New York Fed President William Dudley. US Treasury yields, which move in
Published 21 May, 2016 12:00am
Prices rise as investors reduce bets for June rate hike

Prices rise as investors reduce bets for June rate hike

US Treasury prices rose on Thursday as markets rebounded from Wednesday's sell-off and priced down the odds of a Federal Reserve interest rate increase after even-handed remarks from New York Fed President William Dudley. US Treasury yields, which move in
Published 21 May, 2016 12:00am
Indian shares post weekly loss amid Fed rate hike talk

Indian shares post weekly loss amid Fed rate hike talk

Indian shares fell for a third consecutive session on Friday to post a weekly loss, tracking weak global markets as caution prevailed about the possibility of an interest rate hike by the US Federal Reserve as early as June. The broader NSE index closed d
Published 21 May, 2016 12:00am
China stocks end up, but Shanghai index posts fifth week of losses

China stocks end up, but Shanghai index posts fifth week of losses

China stocks ended a tepid week higher on Friday, but the Shanghai Composite Index posted its fifth week of losses hurt by fading optimism over the country's growth prospects and concerns about rising US interest rates. The SSEC gained 0.7 percent, to 2,8
Published 21 May, 2016 12:00am
European shares buoyed by banks and mining stocks

European shares buoyed by banks and mining stocks

European shares rose on Friday, led higher by financials and mining companies, which climbed as metal prices gained ground. The pan-European FTSEurofirst 300 index rose 1 percent to 1,322.93 points, while the euro zone's bluechip Euro STOXX 50 index advan
Published 21 May, 2016 12:00am
Sri Lankan shares fall to near two-week closing low

Sri Lankan shares fall to near two-week closing low

Sri Lankan shares fell on Friday to a near two-week closing low, led by shares that could be easily affected by the floods, amid foreign selling and ahead of the central bank's policy rate announcement due later in the day. Lion Brewery Plc dropped 3.45 p
Published 21 May, 2016 12:00am
Coca-Cola HBC leads Britain's FTSE share index higher

Coca-Cola HBC leads Britain's FTSE share index higher

Britain's top share index ended sharply higher on Friday, with bottling company Coca-Cola HBC rallying on the prospects of a margin recovery and commodities stocks partially recovering after slumping in the previous two straight sessions. The bluechip FTS
Published 21 May, 2016 12:00am
Dollar holds firm versus yen and euro on Fed hike view
Currency

Dollar holds firm versus yen and euro on Fed hike view

The dollar held at its highest in nearly two months against a basket of major currencies early on Friday, on track for a third week of gains as investors awaken to the risk of a hike in US interest rates as early as next month. New York Federal Reserve Pr
Published 21 May, 2016 12:00am
Dollar index near two-month highs, up for third week
Currency

Dollar index near two-month highs, up for third week

The dollar was on course for a third straight weekly advance on Friday, as more hints the United States is getting closer to raising interest rates kept the currency close to two-month highs after it pushed past $1.12 per euro for the first time since Mar
Published 21 May, 2016 12:00am
Friday's early trade-hits multi-week highs against yen
Currency

Friday's early trade-hits multi-week highs against yen

The US dollar hit its highest level against the yen in more than three weeks on Friday on expectations of a potential summer Federal Reserve interest rate hike, while the dollar was little changed against the euro after profit-taking. The dollar hit 110.5
Published 21 May, 2016 12:00am
Dollar up slightly versus euro, franc after mixed Fed messages
Currency

Dollar up slightly versus euro, franc after mixed Fed messages

The US dollar rose slightly against the euro and Swiss franc on Thursday after the president of the New York Federal Reserve said the central bank was on track for a rate hike in June or July, but the greenback slipped against the safe-haven yen on risk a
Published 21 May, 2016 12:00am
Sri Lankan rupee forwards end weaker
Currency

Sri Lankan rupee forwards end weaker

Sri Lankan rupee forwards ended weaker on Friday as dollar demand from importers surpassed dollar selling due to bond purchases by foreign investors, dealers said. The dollar/rupee forwards, known as spot next, ended at 146.85/90 per dollar, from Thursday
Published 21 May, 2016 12:00am
Yuan off early highs

Yuan off early highs

The yuan came off early highs, but was still marginally firmer against the dollar on Friday after the central bank fixed a stronger midpoint. If the yuan closes around the midday level, it will weaken a mild 0.2 percent for the week, partly due to bearish
Published 21 May, 2016 12:00am
Sterling slips but still heads for best week in seven months
Currency

Sterling slips but still heads for best week in seven months

Sterling retreated from a 3-1/2-month high against the euro on Friday, but was on track for its best weekly performance against the single currency in seven months. A robust UK retail sales report for April, along with growing expectations that Britain wi
Published 21 May, 2016 12:00am
Australia, New Zealand dollars regain some ground after tough week

Australia, New Zealand dollars regain some ground after tough week

The Australian and New Zealand dollars were off lows on Friday, but still poised for another sorry week after markets ramped up speculation that US interest rates could rise as early as June. The Australian dollar steadied around $0.7237, having briefly d
Published 21 May, 2016 12:00am
Djokovic, Nadal on semi-final collision course in Paris

Djokovic, Nadal on semi-final collision course in Paris

World number one Novak Djokovic is on a French Open semi-final collision course with nine-times champion Rafael Nadal after the draw was made on Friday. The Serb, who holds 11 grand slam titles but is still chasing his first win at Roland Garros, will sta
Published 21 May, 2016 12:00am
Serena relaxed about French Open title defence

Serena relaxed about French Open title defence

Serena Williams said she was feeling relaxed about her hopes of defending her French Open crown on Friday and drawing level with Steffi Graf's Open Era record of 22 Grand Slam singles titles. The 34-year-old, whose two previous attempts to retain the titl
Published 21 May, 2016 12:00am
Ice Hockey: Canada to meet USA in world semi-finals

Ice Hockey: Canada to meet USA in world semi-finals

Reigning world champions Canada boosted their hopes of retaining their title as they thrashed Sweden 6-0 at the ice hockey world championship quarter-finals in Saint Petersburg on Thursday. Canada joined Finland, the United States and Russia in the semi-f
Published 21 May, 2016 12:00am
PCB submits Amir's British visa application

PCB submits Amir's British visa application

Pakistan cricket authorities on Friday submitted a British visa application for spot-fixing convict Mohammad Amir, with officials hopeful of a favourable ruling that will allow him to tour England in July. The left-arm quick was sentenced to six months in
Published 21 May, 2016 12:00am
New chief vows to deliver Winter Games on schedule

New chief vows to deliver Winter Games on schedule

The new head of South Korea's 2018 Winter Olympics promised Friday to deliver the Games on schedule and secure 90 percent of sponsorship this year despite a bumpy build-up so far. "We have financial challenges and the schedule is tight, however we shall b
Published 21 May, 2016 12:00am
Putin offers 'every assistance' to WADA doping probe

Putin offers 'every assistance' to WADA doping probe

President Vladimir Putin on Friday said Russia will give "every assistance" to World Anti-Doping Agency (WADA) inspectors probing allegations of organised doping among its Olympic athletes. "If there are any doubts, they need to be eliminated," Putin said
Published 21 May, 2016 12:00am
Taekwondo: Brother of Brussels bomber wins European title

Taekwondo: Brother of Brussels bomber wins European title

Belgian Mourad Laachraoui, the younger brother of one of the Brussels airport bombers, has won gold in the European Taekwondo Championships and will compete in this summer's Olympics. Mourad Laachraoui, brother of Najim Laachraoui, beat Spaniard Jesus Tor
Published 21 May, 2016 12:00am
FIFA seeks two-year ban for Niersbach over Germany's 2006 bid

FIFA seeks two-year ban for Niersbach over Germany's 2006 bid

FIFA's ethics committee on Friday recommended a two-year ban from all football activities for Wolfgang Niersbach, former president of the German Football Association (DFB), over an alleged corruption scandal around the right to host the 2006 World Cup. FI
Published 21 May, 2016 12:00am
GGDC Maneri win University of Swabi Inter-College Games trophy

GGDC Maneri win University of Swabi Inter-College Games trophy

Government Girls Degree College Manari Swabi clinched the overall trophy of the University of Swabi Inter-College Games which concluded here at University premises Umbar here on Friday. Deputy Speaker Khyber Pakhtunkhwa Assembly Professor Dr Mehar Taj Rog
Published 21 May, 2016 12:00am
Broad strikes as Sri Lanka slump

Broad strikes as Sri Lanka slump

Stuart Broad sparked a Sri Lanka top-order collapse as England took charge of the first Test at Headingley on Friday. Sri Lanka were 43 for three at tea on the second day, 255 runs adrift of England's first innings 298 which featured Jonathan Bairstow's 1
Published 21 May, 2016 12:00am
Obama wrestles history on symbolic Vietnam-Japan trip

Obama wrestles history on symbolic Vietnam-Japan trip

US President Barack Obama will try to turn the page on a war-strewn history with Vietnam and Japan when he begins a two nation Asia visit Monday, including a somber pilgrimage to Hiroshima, site of the world's first nuclear attack. This will be the tenth
Published 21 May, 2016 12:00am
Crisis-hit Venezuela launches war games

Crisis-hit Venezuela launches war games

Venezuela was to launch Friday what it called its biggest-ever military exercises as unpopular President Nicolas Maduro sought to display his grip on power amid an economic meltdown and a push to vote him out of office. The two days of drills were aimed a
Published 21 May, 2016 12:00am
EU's Juncker warns UK of consequences for 'deserters'

EU's Juncker warns UK of consequences for 'deserters'

European Commission chief Jean-Claude Juncker said Friday that "deserters" from the EU would have to accept being outsiders, in his strongest warning yet against Britain voting to leave the bloc next month. "Deserters won't be welcomed with open arms," he
Published 21 May, 2016 12:00am
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