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Print - 2016-05-22
G7 warns of Brexit ''shock'' to global economy

G7 warns of Brexit ''shock'' to global economy

A British vote to quit the European Union would inflict a "shock" on the global economy, G7 ministers said Saturday, presenting a united front against the prospect of a "Brexit". Among the most vocal was German Finance Minister Wolfgang Schaeuble, who str
Published 22 May, 2016 12:00am
G7 warns of Brexit 'shock' to global economy

G7 warns of Brexit 'shock' to global economy

A British vote to quit the European Union would inflict a "shock" on the global economy, G7 ministers said Saturday, presenting a united front against the prospect of a "Brexit". Among the most vocal was German Finance Minister Wolfgang Schaeuble, who str
Published 22 May, 2016 12:00am
G7 warns of Brexit 'shock' to global economy

G7 warns of Brexit 'shock' to global economy

A British vote to quit the European Union would inflict a "shock" on the global economy, G7 ministers said Saturday, presenting a united front against the prospect of a "Brexit". Among the most vocal was German Finance Minister Wolfgang Schaeuble, who str
Published 22 May, 2016 12:00am
G7 pledges to clamp down on terrorist financing

G7 pledges to clamp down on terrorist financing

The G7 on Saturday pledged to clamp down on financial support for terrorist networks, with a plan to step up intelligence-sharing, freeze assets and tighten reporting rules on international transfers. The club of wealthy nations has been co-operating to b
Published 22 May, 2016 12:00am
G7 pledges to clamp down on terrorist financing

G7 pledges to clamp down on terrorist financing

The G7 on Saturday pledged to clamp down on financial support for terrorist networks, with a plan to step up intelligence-sharing, freeze assets and tighten reporting rules on international transfers. The club of wealthy nations has been co-operating to b
Published 22 May, 2016 12:00am
G7 pledges to clamp down on terrorist financing

G7 pledges to clamp down on terrorist financing

The G7 on Saturday pledged to clamp down on financial support for terrorist networks, with a plan to step up intelligence-sharing, freeze assets and tighten reporting rules on international transfers. The club of wealthy nations has been co-operating to b
Published 22 May, 2016 12:00am
G7 warns against manipulating currencies, amid policy split
Currency

G7 warns against manipulating currencies, amid policy split

G7 ministers warned Saturday against members manipulating their currencies, coming down against host Japan whose plans to tame the resurgent yen ignited a policy split in the club of rich nations. The Group of Seven finance ministers and central bank gove
Published 22 May, 2016 12:00am
G7 warns against manipulating currencies, amid policy split
Currency

G7 warns against manipulating currencies, amid policy split

G7 ministers warned Saturday against members manipulating their currencies, coming down against host Japan whose plans to tame the resurgent yen ignited a policy split in the club of rich nations. The Group of Seven finance ministers and central bank gove
Published 22 May, 2016 12:00am
G7 warns against manipulating currencies, amid policy split
Currency

G7 warns against manipulating currencies, amid policy split

G7 ministers warned Saturday against members manipulating their currencies, coming down against host Japan whose plans to tame the resurgent yen ignited a policy split in the club of rich nations. The Group of Seven finance ministers and central bank gove
Published 22 May, 2016 12:00am
Power generation up by 26.5 percent to 16,044 megawatts

Power generation up by 26.5 percent to 16,044 megawatts

Power generation at peak hours rose by more than 26.5 percent to 16,044 MW in May 2016 as compared to 12,671 MW in May 2013 due to which electricity is being supplied as per announced schedule, official sources told Business Recorder. However, thos
Published 22 May, 2016 12:00am
Power generation up by 26.5 percent to 16,044 megawatts

Power generation up by 26.5 percent to 16,044 megawatts

Power generation at peak hours rose by more than 26.5 percent to 16,044 MW in May 2016 as compared to 12,671 MW in May 2013 due to which electricity is being supplied as per announced schedule, official sources told Business Recorder. However, thos
Published 22 May, 2016 12:00am
Power generation up by 26.5 percent to 16,044 megawatts

Power generation up by 26.5 percent to 16,044 megawatts

Power generation at peak hours rose by more than 26.5 percent to 16,044 MW in May 2016 as compared to 12,671 MW in May 2013 due to which electricity is being supplied as per announced schedule, official sources told Business Recorder. However, thos
Published 22 May, 2016 12:00am
No room for any segment to avoid taxes: Dar

No room for any segment to avoid taxes: Dar

Finance Minister Ishaq Dar Saturday said that the ruling PML-N government will continue with the ''expand the tax net'' initiative and there will be no room for any segment to avoid taxes. Addressing a pre-budget seminar, Ishaq Dar said the country''s eco
Published 22 May, 2016 12:00am
No room for any segment to avoid taxes: Dar

No room for any segment to avoid taxes: Dar

Finance Minister Ishaq Dar Saturday said that the ruling PML-N government will continue with the 'expand the tax net' initiative and there will be no room for any segment to avoid taxes. Addressing a pre-budget seminar, Ishaq Dar said the country's econom
Published 22 May, 2016 12:00am
No room for any segment to avoid taxes: Dar

No room for any segment to avoid taxes: Dar

Finance Minister Ishaq Dar Saturday said that the ruling PML-N government will continue with the 'expand the tax net' initiative and there will be no room for any segment to avoid taxes. Addressing a pre-budget seminar, Ishaq Dar said the country's econom
Published 22 May, 2016 12:00am
Fazl, Asfandyar discuss situation

Fazl, Asfandyar discuss situation

Jamiat Ulema-e-Islam (JUI-F) chief Maulana Fazlur Rehman met with ANP chief Asfandyar Wali Khan and discussed the current political situation especially the Panama papers issue. ANP leaders Mian Iftikhar Hussain and Haji Ghulam Ahmed Bilour were also pres
Published 22 May, 2016 12:00am
Fazl, Asfandyar discuss situation

Fazl, Asfandyar discuss situation

Jamiat Ulema-e-Islam (JUI-F) chief Maulana Fazlur Rehman met with ANP chief Asfandyar Wali Khan and discussed the current political situation especially the Panama papers issue. ANP leaders Mian Iftikhar Hussain and Haji Ghulam Ahmed Bilour were also pres
Published 22 May, 2016 12:00am
Panama Papers: inquiry must focus only on parliamentarians: lawyers

Panama Papers: inquiry must focus only on parliamentarians: lawyers

Underscoring the need for articulating Terms of Reference (ToRs) to probe the Panama leaks, the legal fraternity on Saturday argued that the investigations into the Panama Leaks may be initiated from the Prime Minister and his family. On May 20, the Senat
Published 22 May, 2016 12:00am
Panama Papers: inquiry must focus only on parliamentarians: lawyers

Panama Papers: inquiry must focus only on parliamentarians: lawyers

Underscoring the need for articulating Terms of Reference (ToRs) to probe the Panama leaks, the legal fraternity on Saturday argued that the investigations into the Panama Leaks may be initiated from the Prime Minister and his family. On May 20, the Senat
Published 22 May, 2016 12:00am
Overnight repo and reverse repo rate revised

Overnight repo and reverse repo rate revised

Following a reduction in key policy rate, the State Bank of Pakistan (SBP) on Saturday revised overnight repo and reserve repo rate. According to DMMD Circular No 07 of 2016, the SBP has decided to reduce its ''''Policy Rate'''' (Target Rate) from 6.00 pe
Published 22 May, 2016 12:00am
Overnight repo and reverse repo rate revised

Overnight repo and reverse repo rate revised

Following a reduction in key policy rate, the State Bank of Pakistan (SBP) on Saturday revised overnight repo and reserve repo rate. According to DMMD Circular No 07 of 2016, the SBP has decided to reduce its ''Policy Rate'' (Target Rate) from 6.00 percen
Published 22 May, 2016 12:00am
Overnight repo and reverse repo rate revised

Overnight repo and reverse repo rate revised

Following a reduction in key policy rate, the State Bank of Pakistan (SBP) on Saturday revised overnight repo and reserve repo rate. According to DMMD Circular No 07 of 2016, the SBP has decided to reduce its 'Policy Rate' (Target Rate) from 6.00 percent
Published 22 May, 2016 12:00am
Overnight repo and reverse repo rate revised

Overnight repo and reverse repo rate revised

Following a reduction in key policy rate, the State Bank of Pakistan (SBP) on Saturday revised overnight repo and reserve repo rate. According to DMMD Circular No 07 of 2016, the SBP has decided to reduce its 'Policy Rate' (Target Rate) from 6.00 percent
Published 22 May, 2016 12:00am
Policy rate cut by 25 basis points on improved conditions
Cotton

Policy rate cut by 25 basis points on improved conditions

Maintaining status quo stance in the last three monetary policies, State Bank of Pakistan (SBP) Saturday, however, announced a 25 basis points (bps) cut in its policy rate on improved macroeconomic conditions. Monetary Policy Committee (MPC) of SBP met un
Published 22 May, 2016 12:00am
Policy rate cut by 25 basis points on improved conditions
Cotton

Policy rate cut by 25 basis points on improved conditions

Maintaining status quo stance in the last three monetary policies, State Bank of Pakistan (SBP) Saturday, however, announced a 25 basis points (bps) cut in its policy rate on improved macroeconomic conditions. Monetary Policy Committee (MPC) of SBP met un
Published 22 May, 2016 12:00am
Policy rate cut by 25 basis points on improved conditions
Cotton

Policy rate cut by 25 basis points on improved conditions

Maintaining status quo stance in the last three monetary policies, State Bank of Pakistan (SBP) Saturday, however, announced a 25 basis points (bps) cut in its policy rate on improved macroeconomic conditions. Monetary Policy Committee (MPC) of SBP met un
Published 22 May, 2016 12:00am
Policy rate cut by 25 basis points on improved conditions
Cotton

Policy rate cut by 25 basis points on improved conditions

Maintaining status quo stance in the last three monetary policies, State Bank of Pakistan (SBP) Saturday, however, announced a 25 basis points (bps) cut in its policy rate on improved macroeconomic conditions. Monetary Policy Committee (MPC) of SBP met un
Published 22 May, 2016 12:00am
68 percent of budgeted amount released under PSDP

68 percent of budgeted amount released under PSDP

The federal government has released Rs 474.25 billion (about 68 percent of the total budgeted allocation of Rs 700 billion for 2015-16 ), including Rs 81.56 billion foreign aid, under the Public Sector Development Programme (PSDP) for various development
Published 22 May, 2016 12:00am
68 percent of budgeted amount released under PSDP

68 percent of budgeted amount released under PSDP

The federal government has released Rs 474.25 billion (about 68 percent of the total budgeted allocation of Rs 700 billion for 2015-16 ), including Rs 81.56 billion foreign aid, under the Public Sector Development Programme (PSDP) for various development
Published 22 May, 2016 12:00am
68 percent of budgeted amount released under PSDP

68 percent of budgeted amount released under PSDP

The federal government has released Rs 474.25 billion (about 68 percent of the total budgeted allocation of Rs 700 billion for 2015-16 ), including Rs 81.56 billion foreign aid, under the Public Sector Development Programme (PSDP) for various development
Published 22 May, 2016 12:00am
Angoor Adda checkpost handed over to Afghanistan

Angoor Adda checkpost handed over to Afghanistan

Angoor Adda checkpost located at Pak-Afghan border in South Waziristan Agency (SWA) was handed over to Afghan authorities on Saturday with the intention to improve the border management and strengthening the bilateral relations Director General (DG) Inter
Published 22 May, 2016 12:00am
Angoor Adda checkpost handed over to Afghanistan

Angoor Adda checkpost handed over to Afghanistan

Angoor Adda checkpost located at Pak-Afghan border in South Waziristan Agency (SWA) was handed over to Afghan authorities on Saturday with the intention to improve the border management and strengthening the bilateral relations Director General (DG) Inter
Published 22 May, 2016 12:00am
Mullah Mansour likely killed in drone strike

Mullah Mansour likely killed in drone strike

Afghan Taliban leader Mullah Akhtar Mansour and another combatant likely were killed in a US military drone strike in Pakistan authorised by US President Barack Obama, a US official said on Saturday, speaking on condition of anonymity. The strike took pla
Published 22 May, 2016 12:00am
Mullah Mansour likely killed in drone strike

Mullah Mansour likely killed in drone strike

Afghan Taliban leader Mullah Akhtar Mansour and another combatant likely were killed in a US military drone strike in Pakistan authorised by US President Barack Obama, a US official said on Saturday, speaking on condition of anonymity. The strike took pla
Published 22 May, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (May 21, 2016) and the forecast for Sunday (May 22, 2016).

Published 22 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 21, 2016).

Published 22 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 21, 2016).

Published 22 May, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 21, 2016).

Published 22 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 21, 2016)

Published 22 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 21, 2016).

Published 22 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 21, 2016).

Published 22 May, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 21, 2016).

Published 22 May, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 21, 2016).

Published 22 May, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

A firmer trend was seen on the money market on Saturday as the rupee held the overnight level against the dollar in the process of trading, dealer said. The rupee was unmoved in relation to the dollar for buying and selling at Rs 105.10 and Rs 105.30, the
Published 22 May, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

A firmer trend was seen on the money market on Saturday as the rupee held the overnight level against the dollar in the process of trading, dealer said. The rupee was unmoved in relation to the dollar for buying and selling at Rs 105.10 and Rs 105.30, the
Published 22 May, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (May 21, 2016).

Published 22 May, 2016 12:00am
CHINA-PAKISTAN RELATIONS: AN EVERGREEN TREE

CHINA-PAKISTAN RELATIONS: AN EVERGREEN TREE

This year, 2016, is a special year for Pakistan-China relations. On the 65th anniversary of the establishment of our diplomatic relations, we celebrate our strong bonds, successes and brighter prospects for the future.
Published 22 May, 2016 12:00am
China-Pakistan Friendship: Common Dreams, Shared Destiny

China-Pakistan Friendship: Common Dreams, Shared Destiny

On the auspicious occasion of the 65th anniversary of establishment of diplomatic relations between China and Pakistan, on behalf of the Chinese Embassy in Pakistan, I would like to extend the warmest congratulations to all the Pakistanis who have contrib
Published 22 May, 2016 12:00am
Message from Foreign Minister The People's Republic of China

Message from Foreign Minister The People's Republic of China

On the auspicious occasion of the 65th anniversary of the establishment of the diplomatic relations between the People's Republic of China and the Islamic Republic of Pakistan, I would like to extend to Your Excellency warm congratulations and good wishes
Published 22 May, 2016 12:00am
Message from Prime of the State Council The People's Republic of China

Message from Prime of the State Council The People's Republic of China

On the auspicious occasion of the 65th anniversary of the establishment of the diplomatic relations between the People's Republic of China and the Islamic Republic of Pakistan, I would like to, on behalf of the Chinese Government, extend warm congratulati
Published 22 May, 2016 12:00am
Message from President The Republic of China

Message from President The Republic of China

On the occasion of the 65th anniversary of the establishment of the diplomatic relations between the People's Republic of China and the Islamic Republic of Pakistan, I would like to, on behalf of the Chinese Government and people and also in my own name,
Published 22 May, 2016 12:00am
Message from Minister of Information, Broadcasting and National Heritage

Message from Minister of Information, Broadcasting and National Heritage

Pakistan and China enjoy exemplary relations. Our bilateral ties and cooperation have a wide scope and span over diverse fields. Our cooperation in the realm of the media and broadcasting is gaining momentum and frequent exchanges of media-persons have he
Published 22 May, 2016 12:00am
Message from Prime Minister of the Islamic Republic of Pakistan

Message from Prime Minister of the Islamic Republic of Pakistan

Pakistan and China enjoy a unique, close and durable relationship. China is a true, time-tested and all-weather friend of Pakistan. This year we are celebrating the 65th anniversary of establishment of our diplomatic relations with China. Over these 65 ye
Published 22 May, 2016 12:00am
Message from President of the Islamic Republic of Pakistan

Message from President of the Islamic Republic of Pakistan

Pakistan and China enjoy time-tested an all-weather friendship. It is a unique friendship. We are good neighbours, close friends, trusted partners, and Iron brothers. We have elevated our relationship to "All-weather strategic cooperative partnership".
Published 22 May, 2016 12:00am
EXPRESSION OF THANKS

EXPRESSION OF THANKS

We bow to Almighty Allah that with His blessings the fifth branch of Imtiaz Super Market is being launched in Gulshan e Iqbal, adjacent to Moti Mahal. Imtiaz Super Market is a state of the art market of its kind which will serve the consumers of Gulshan e
Published 22 May, 2016 12:00am
US FOB Gulf corn bids offers firmer on demand

US FOB Gulf corn bids offers firmer on demand

Export premiums for corn had a firm tone at the US Gulf Coast on Thursday, underpinned by robust global demand for shipments this summer and autumn, traders said. US Department of Agriculture data released earlier showed US corn export sales of more than
Published 22 May, 2016 12:00am
CBOT wheat futures fall to one-week low

CBOT wheat futures fall to one-week low

Wheat futures on the Chicago Board of Trade fell more than 2 percent on Thursday, joining a broad sell-off in commodities as the US dollar firmed on expectations that the Federal Reserve could raise interest rates in the near term. The 19-market Thomson R
Published 22 May, 2016 12:00am
Falling trend on grain market
Cotton

Falling trend on grain market

An easier trend prevailed on the wholesale grain market on Saturday in the process of moderate trading activity, dealers said. On the cereals side, Masoor Canada was lower by Rs 500 to Rs 10800 and Rs 11000, Urad Burma followed same pattern, losing Rs 150
Published 22 May, 2016 12:00am
Asian naphtha crack falls from three-week high

Asian naphtha crack falls from three-week high

Asia's naphtha crack fell from a near three-week high to a three-session low of $59.60 a tonne as more liquefied petroleum gas (LPG) could soon replace it, traders said. Asian petrochemical makers can replace between 5 and 15 percent of their naphtha feed
Published 22 May, 2016 12:00am
US natural gas futures up on small storage build

US natural gas futures up on small storage build

US natural gas futures edged higher on Thursday after a federal report showed a smaller-than-expected storage build and forecasts showing higher power generator use, reducing worries stockpiles will hit peak capacity later this year. The US Energy Informa
Published 22 May, 2016 12:00am
Thai rice prices up to two-year high as drought cut output

Thai rice prices up to two-year high as drought cut output

Thai rice prices surged this week to a two-year high as drought cut output in Asia's top growers, which also boosted Vietnamese grain prices and kept buying demand thin, traders said on Wednesday. Prices in Thailand, the world's second biggest rice export
Published 22 May, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The May vaida was lower and the July delivery was unchanged on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The May vaida closed at Rs 2048.20 and it opened with 20 paisas loss at Rs 2048.00 in the wee hours,
Published 22 May, 2016 12:00am
Modest trade activity on cotton market
Currency

Modest trade activity on cotton market

A modest trading activity was seen on the cotton market on Saturday owing to slow demand by the mills and spinners, dealers said. The official spot rate was unchanged at Rs 5,550 dealers said. In the ready business, over 3000 bales of cotton changed hands
Published 22 May, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot cash basis bids for hard red winter (HRW) were mostly unchanged in the southern US Plains on Thursday but values continued to creep higher at the Gulf export terminal, buoyed by concerns about harvest delays due to rains. The Gulf track bid rose to 7
Published 22 May, 2016 12:00am
Freight rates for large capesize dry cargo to slide

Freight rates for large capesize dry cargo to slide

Freight rates for large capesize dry cargo ships on key Asian routes could slide next week as charterers rein in their activity following a flurry of fixtures which pushed rates from Western Australia to China to a six-month high this week, ship brokers s
Published 22 May, 2016 12:00am
Indian oilseeds fall on weak export demand

Indian oilseeds fall on weak export demand

Indian oilseeds dropped on Thursday due to weak exports of oilmeal and lower demand as the country's vegetable oil imports continue to surge. India's oilmeal exports in April fell 70 percent from a year ago to 54,390 tonnes while it imported 1.24 million
Published 22 May, 2016 12:00am
US Midwest corn bids mixed

US Midwest corn bids mixed

Spot corn basis bids were mixed in the US Midwest on Thursday despite a pickup in farmer offerings this week as Chicago Board of Trade corn futures neared one-month highs, traders said. Farmer selling involved mostly old-crop corn, but growers sold some n
Published 22 May, 2016 12:00am
Canadian July canola higher on export talk
Currency

Canadian July canola higher on export talk

ICE Canada July canola futures rose on Thursday for a fifth straight session, supported by rumors of export business to China and a weaker Canadian dollar, traders said. July canola rose 50 cents to settle at $523.10 per tonne on volume of 10,040 contract
Published 22 May, 2016 12:00am
European vegoils: palm oil eases due to stronger dollar
Currency

European vegoils: palm oil eases due to stronger dollar

Palm oil on the European vegetable oils market eased further on Thursday due to a stronger dollar and technical selling in competing vegetable oils. "The markets fell on the higher dollar and bearish sentiment about Friday's May 1-20 Malaysian palm oil ex
Published 22 May, 2016 12:00am
Vietnamese coffee sales slow; Indonesian output to fall

Vietnamese coffee sales slow; Indonesian output to fall

Sales of Vietnamese coffee slowed on Thursday after global prices eased overnight, but interest in the Vietnamese beans remained while harvesting has yet to pick up in Indonesia, traders said. Vietnam, the world's top producer of robusta, used mainly for
Published 22 May, 2016 12:00am
Argentina sees no cut in wheat planting despite floods

Argentina sees no cut in wheat planting despite floods

Argentine farmers began planting wheat for the 2016-17 season over the last week and should plant 4.5 million hectares, in line with forecasts despite heavy rains that damaged cropland last month, the Buenos Aires Grain Exchange said on Thursday.
Published 22 May, 2016 12:00am
European wheat futures fall

European wheat futures fall

European wheat futures fell on Thursday as a dollar-driven pullback in Chicago and wider commodity markets outweighed a positive export picture. September milling wheat on Paris-based Euronext settled 2.50 euros, or 1.5 percent, lower at 161.50 euros a to
Published 22 May, 2016 12:00am
Warm, wet weather boost Black Sea wheat crop

Warm, wet weather boost Black Sea wheat crop

Warm and wet spring weather in leading Black Sea grain producers Russia and Ukraine, has paved the way for a large wheat harvest this year, analysts and traders said on Tuesday. Russia, a major global wheat exporter to North Africa and the Middle East, is
Published 22 May, 2016 12:00am
Thousands of Croatians march against abortion

Thousands of Croatians march against abortion

Several thousand Croatians, including prime minister's wife, on Saturday joined an anti-abortion march in the capital, raising concerns among rights groups over a possible abortion ban by the conservative rulers. Police said around 7,000 people took part
Published 22 May, 2016 12:00am
Foreign aid reaches flooded Sri Lankan capital; 71 dead

Foreign aid reaches flooded Sri Lankan capital; 71 dead

Foreign aid began arriving in Sri Lanka Saturday, bringing help to half a million people forced out of their homes by rains and landslides that have killed at least 71 in a week of extreme weather wreaking havoc in South Asia. As the heaviest rains in a q
Published 22 May, 2016 12:00am
Congolese teacher dies after attack in Indian capital

Congolese teacher dies after attack in Indian capital

A young Congolese teacher has been killed by a group of men in New Delhi, police said Saturday, the latest victim in a series of attacks on African nationals in India. Three men pelted M. T. Olivia, 23, with stones and bricks after chasing him through the
Published 22 May, 2016 12:00am
MH17 victim families sue Putin, Russia in European rights court

MH17 victim families sue Putin, Russia in European rights court

Families of victims of Malaysia Airlines flight MH17, which was shot down over Ukraine in 2014, are suing President Vladimir Putin and Russia for Aus$10 million each in the European Court of Human Rights, The Sydney Morning Herald reported Saturday. The c
Published 22 May, 2016 12:00am
Thirty die in road accidents in north India mountains

Thirty die in road accidents in north India mountains

Two deadly road accidents in India's northern Himalayan state of Himachal Pradesh killed at least 30 people and injured 24 others, police said Saturday. An overcrowded jeep fell into a gorge 1,000 feet (304 metres) deep early Saturday, killing 13 people i
Published 22 May, 2016 12:00am
Beijing warns will cut contacts if Taiwan doesn't toe line

Beijing warns will cut contacts if Taiwan doesn't toe line

Beijing warned Taiwan it would cut off critical contacts with the island if its new president Tsai Ing-wen does not state her support for the concept that there is only "one China", state media reported Saturday. The comments came a day after Beijing-scep
Published 22 May, 2016 12:00am
South Africa compensates 750 families for apartheid land loss

South Africa compensates 750 families for apartheid land loss

Some 750 South African families who say they were pushed out of their land on a natural reserve during apartheid will be handed over $5 million in compensation, President Jacob Zuma said Saturday. "We have come together about land, to restore the rights o
Published 22 May, 2016 12:00am
Fire kills three in Bangladesh textile factory

Fire kills three in Bangladesh textile factory

A fire in a textile factory in Bangladesh Saturday killed three workers and left five injured, police said, in the latest accident to cast a spotlight on the country's hazardous garment industry. A Pakistani technician was among those killed in the blaze
Published 22 May, 2016 12:00am
International concern mounts over Venezuela

International concern mounts over Venezuela

International concerns are mounting over the economic and political crisis in Venezuela, where the military on Saturday was holding a second day of exercises ordered by embattled President Nicolas Maduro. With the oil-dependent country's economy imploding
Published 22 May, 2016 12:00am
Window opens for Brazil's first corporate bonds of year

Window opens for Brazil's first corporate bonds of year

The Senate's decision to put former president Dilma Rousseff on trial last week and replace her with market friendly Michel Temer has opened a bond issuance window for Brazilian borrowers seeking to take advantage of recent spread tightening. Petrobras is
Published 22 May, 2016 12:00am
Window opens for Brazil's first corporate bonds of year

Window opens for Brazil's first corporate bonds of year

The Senate's decision to put former president Dilma Rousseff on trial last week and replace her with market friendly Michel Temer has opened a bond issuance window for Brazilian borrowers seeking to take advantage of recent spread tightening. Petrobras is
Published 22 May, 2016 12:00am
Frankfurt, London stock exchanges to tie knot in July

Frankfurt, London stock exchanges to tie knot in July

Deutsche Boerse and LSE, the operators of the Frankfurt and London stock exchanges, said Wednesday they intend to seal their planned merger to create a new global player in July. In a brief joint statement, the companies outlined the timetable for the nex
Published 22 May, 2016 12:00am
Rising German Bund yields set for biggest weekly gain in a month

Rising German Bund yields set for biggest weekly gain in a month

German Bund yields edged up on Friday and were on track for their biggest weekly rise in a month on growing talk that another hike in US interest rates will come sooner rather than later. Hawkish comments from US Federal Reserve officials, Fed minutes sug
Published 22 May, 2016 12:00am
Rising German Bund yields set for biggest weekly gain in a month

Rising German Bund yields set for biggest weekly gain in a month

German Bund yields edged up on Friday and were on track for their biggest weekly rise in a month on growing talk that another hike in US interest rates will come sooner rather than later. Hawkish comments from US Federal Reserve officials, Fed minutes sug
Published 22 May, 2016 12:00am
TSX rises amid broad-based gains; ends week 1.2 percent higher

TSX rises amid broad-based gains; ends week 1.2 percent higher

Canada's main stock index rose on Friday as financials and energy led broad-based gains, helped by a global rally in stocks as the negative impact of Federal Reserve rate hike speculation faded. The index rose 1.2 percent for the week, while it has reboun
Published 22 May, 2016 12:00am
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