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Print - 2016-05-30
Shahbaz arrives in London

Shahbaz arrives in London

Punjab Chief Minister Shahbaz Sharif along with his son Hamza Shahbaz Sharif MNA arrived in London on a five-day visit here on Sunday night. Chief Minister Punjab went to London on a private airline, according to Aaj News. Cabinet members and senior civil
Published 30 May, 2016 12:00am
Shahbaz arrives in London

Shahbaz arrives in London

Punjab Chief Minister Shahbaz Sharif along with his son Hamza Shahbaz Sharif MNA arrived in London on a five-day visit here on Sunday night. Chief Minister Punjab went to London on a private airline, according to Aaj News. Cabinet members and senior civil
Published 30 May, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee, somehow managed to sustain it's present levels against the dollar on the money market during the week, ended on May 28, 2016. In the interbank market, the rupee showed little changes in relation to the dollar for buying and selling at Rs 104.84
Published 30 May, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee, somehow managed to sustain it's present levels against the dollar on the money market during the week, ended on May 28, 2016. In the interbank market, the rupee showed little changes in relation to the dollar for buying and selling at Rs 104.84
Published 30 May, 2016 12:00am
Meeting revenue targets: FBR attaches accounts of five Discos

Meeting revenue targets: FBR attaches accounts of five Discos

Federal Board of Revenue (FBR) has reportedly attached accounts of five power Distribution Companies (Discos) to achieve revenue targets agreed with the International Monetary Fund (IMF), well informed sources told Business Recorder.
Published 30 May, 2016 12:00am
Meeting revenue targets: FBR attaches accounts of five Discos

Meeting revenue targets: FBR attaches accounts of five Discos

Federal Board of Revenue (FBR) has reportedly attached accounts of five power Distribution Companies (Discos) to achieve revenue targets agreed with the International Monetary Fund (IMF), well informed sources told Business Recorder.
Published 30 May, 2016 12:00am
Meeting revenue targets: FBR attaches accounts of five Discos

Meeting revenue targets: FBR attaches accounts of five Discos

Federal Board of Revenue (FBR) has reportedly attached accounts of five power Distribution Companies (Discos) to achieve revenue targets agreed with the International Monetary Fund (IMF), well informed sources told Business Recorder.
Published 30 May, 2016 12:00am
Dozens of children drown as shipwrecks claim 700 lives

Dozens of children drown as shipwrecks claim 700 lives

A week of shipwrecks in the Mediterranean culminated Sunday with 700 migrants feared dead and survivors giving harrowing testimony of dozens of small children drowned. Survivors brought to safety in the Italian ports of Taranto and Pozzallo told the UN's
Published 30 May, 2016 12:00am
Dozens of children drown as shipwrecks claim 700 lives

Dozens of children drown as shipwrecks claim 700 lives

A week of shipwrecks in the Mediterranean culminated Sunday with 700 migrants feared dead and survivors giving harrowing testimony of dozens of small children drowned. Survivors brought to safety in the Italian ports of Taranto and Pozzallo told the UN's
Published 30 May, 2016 12:00am
Equities remain flat

Equities remain flat

Stocks market ended the week on a flattish note because of what analysts said investors' cautious approach ahead of new fiscal budget and Pakistan's possible up-gradation to the emerging market status by the MSCI. Benchmark KSE-100 index closed at 36,694
Published 30 May, 2016 12:00am
Equities remain flat

Equities remain flat

Stocks market ended the week on a flattish note because of what analysts said investors' cautious approach ahead of new fiscal budget and Pakistan's possible up-gradation to the emerging market status by the MSCI. Benchmark KSE-100 index closed at 36,694
Published 30 May, 2016 12:00am
Equities remain flat

Equities remain flat

Stocks market ended the week on a flattish note because of what analysts said investors'' cautious approach ahead of new fiscal budget and Pakistan''s possible up-gradation to the emerging market status by the MSCI. Benchmark KSE-100 index closed at 36,69
Published 30 May, 2016 12:00am
Various services: 16 percent FED likely to be withdrawn

Various services: 16 percent FED likely to be withdrawn

The government would announce withdrawal of 16 percent Federal Excise Duty (FED) on various services in budget (2016-17) including stock brokers, shipping agents, banking companies, stevedores, forex dealers, insurance companies, franchise services and ot
Published 30 May, 2016 12:00am
Various services: 16 percent FED likely to be withdrawn

Various services: 16 percent FED likely to be withdrawn

The government would announce withdrawal of 16 percent Federal Excise Duty (FED) on various services in budget (2016-17) including stock brokers, shipping agents, banking companies, stevedores, forex dealers, insurance companies, franchise services and ot
Published 30 May, 2016 12:00am
Various services: 16 percent FED likely to be withdrawn

Various services: 16 percent FED likely to be withdrawn

The government would announce withdrawal of 16 percent Federal Excise Duty (FED) on various services in budget (2016-17) including stock brokers, shipping agents, banking companies, stevedores, forex dealers, insurance companies, franchise services and ot
Published 30 May, 2016 12:00am
Various services: 16 percent FED likely to be withdrawn

Various services: 16 percent FED likely to be withdrawn

The government would announce withdrawal of 16 percent Federal Excise Duty (FED) on various services in budget (2016-17) including stock brokers, shipping agents, banking companies, stevedores, forex dealers, insurance companies, franchise services and ot
Published 30 May, 2016 12:00am
GDP projected to grow by 5.7 percent in FY17

GDP projected to grow by 5.7 percent in FY17

The Gross Domestic Product (GDP) is projected to rise by 5.7 percent in 2016-17 against provisional estimates of 4.7 percent in the current fiscal year - in total terms to attain 33 trillion rupees against the provisional estimates of 29.5 trillion in 201
Published 30 May, 2016 12:00am
GDP projected to grow by 5.7 percent in FY17

GDP projected to grow by 5.7 percent in FY17

The Gross Domestic Product (GDP) is projected to rise by 5.7 percent in 2016-17 against provisional estimates of 4.7 percent in the current fiscal year - in total terms to attain 33 trillion rupees against the provisional estimates of 29.5 trillion in 201
Published 30 May, 2016 12:00am
GDP projected to grow by 5.7 percent in FY17

GDP projected to grow by 5.7 percent in FY17

The Gross Domestic Product (GDP) is projected to rise by 5.7 percent in 2016-17 against provisional estimates of 4.7 percent in the current fiscal year - in total terms to attain 33 trillion rupees against the provisional estimates of 29.5 trillion in 201
Published 30 May, 2016 12:00am
Conservative re-elected Iran speaker despite reformist gains

Conservative re-elected Iran speaker despite reformist gains

Moderate conservative Ali Larijani retained the speakership of Iran's parliament Sunday despite major gains for reformists in February elections, benefiting from credit gained by his support for last year's nuclear deal.
Published 30 May, 2016 12:00am
Conservative re-elected Iran speaker despite reformist gains

Conservative re-elected Iran speaker despite reformist gains

Moderate conservative Ali Larijani retained the speakership of Iran's parliament Sunday despite major gains for reformists in February elections, benefiting from credit gained by his support for last year's nuclear deal.
Published 30 May, 2016 12:00am
Turkey marks Constantinople 'conquest'

Turkey marks Constantinople 'conquest'

Turkey on Sunday marked the 563rd anniversary of the Ottoman conquest of Istanbul with huge parties and a fireworks show in the former Byzantine imperial capital once known as Constantinople.
Published 30 May, 2016 12:00am
Turkey marks Constantinople 'conquest'

Turkey marks Constantinople 'conquest'

Turkey on Sunday marked the 563rd anniversary of the Ottoman conquest of Istanbul with huge parties and a fireworks show in the former Byzantine imperial capital once known as Constantinople.
Published 30 May, 2016 12:00am
Naushki drone strike: brother of slain driver files FIR against US

Naushki drone strike: brother of slain driver files FIR against US

The brother of a man who was killed alongside the Taliban's slain chief Mullah Akthar Mansour in an American drone strike in Naushki is pressing murder and terrorism charges against US officials, police said Sunday. Mansour was travelling by car near the
Published 30 May, 2016 12:00am
Naushki drone strike: brother of slain driver files FIR against US

Naushki drone strike: brother of slain driver files FIR against US

The brother of a man who was killed alongside the Taliban's slain chief Mullah Akthar Mansour in an American drone strike in Naushki is pressing murder and terrorism charges against US officials, police said Sunday. Mansour was travelling by car near the
Published 30 May, 2016 12:00am
Agricultural development: Dar reviews budget proposals
Cotton

Agricultural development: Dar reviews budget proposals

Finance Minister, Senator Ishaq Dar chaired a meeting here on Sunday to review the budget proposals regarding development of agriculture sector in the country. The meeting discussed various measures aimed at supporting the farming community, including ste
Published 30 May, 2016 12:00am
HESCO made lives of people of Hyderabad miserable: Chandio

HESCO made lives of people of Hyderabad miserable: Chandio

Adviser to Sindh chief minister Moula Bux Chandio warned that peace of Hyderabad could be destroyed if Hyderabad Electric Supply Company (Hesco) administration did not mend its ways by abandoning its policy aimed at teasing people with inflated and artifi
Published 30 May, 2016 12:00am
Hollande and Merkel call for European unity at Verdun centenary

Hollande and Merkel call for European unity at Verdun centenary

French President Francois Hollande and German Chancellor Angela Merkel appealed Sunday for Europe to unite to face its current challenges as they marked the 100th anniversary of Verdun, the longest battle of World War I. The 300 days of fighting in north-
Published 30 May, 2016 12:00am
Hollande and Merkel call for European unity at Verdun centenary

Hollande and Merkel call for European unity at Verdun centenary

French President Francois Hollande and German Chancellor Angela Merkel appealed Sunday for Europe to unite to face its current challenges as they marked the 100th anniversary of Verdun, the longest battle of World War I. The 300 days of fighting in north-
Published 30 May, 2016 12:00am
Austrian neo-Nazi wanted to 'kill asylum-seekers'

Austrian neo-Nazi wanted to 'kill asylum-seekers'

Austrian police commandos have arrested a suspected neo-Nazi who allegedly threatened to massacre asylum-seekers, recovering several weapons and ammunition at his home, police said Sunday. The 20-year-old "repeatedly told friends that he wanted to 'shoot
Published 30 May, 2016 12:00am
Austrian neo-Nazi wanted to 'kill asylum-seekers'

Austrian neo-Nazi wanted to 'kill asylum-seekers'

Austrian police commandos have arrested a suspected neo-Nazi who allegedly threatened to massacre asylum-seekers, recovering several weapons and ammunition at his home, police said Sunday. The 20-year-old "repeatedly told friends that he wanted to 'shoot
Published 30 May, 2016 12:00am
Iran says its pilgrims will not attend Hajj

Iran says its pilgrims will not attend Hajj

Iran said on Sunday its pilgrims would not attend the Hajj pilgrimage, blaming regional rival Saudi Arabia for "sabotage" and failing to guarantee the safety of pilgrims. Saudi Arabia, which oversees the pilgrimage to Makkah by more than two million Musli
Published 30 May, 2016 12:00am
Iran says its pilgrims will not attend Hajj

Iran says its pilgrims will not attend Hajj

Iran said on Sunday its pilgrims would not attend the Hajj pilgrimage, blaming regional rival Saudi Arabia for "sabotage" and failing to guarantee the safety of pilgrims. Saudi Arabia, which oversees the pilgrimage to Makkah by more than two million Musli
Published 30 May, 2016 12:00am
Railways offers 25 percent discount in fares

Railways offers 25 percent discount in fares

Pakistan Railways has decided, in principle, to offer concession in fares to commuters opting to travel during first 20 days of the holy month of Ramazan June 7th to 27th June 2016). Ten to twenty five percent discount will be provided to the passengers o
Published 30 May, 2016 12:00am
New power connections: government urged to introduce e-portal

New power connections: government urged to introduce e-portal

To attract the foreign and local investors, the government should end the complicated procedure for electricity, gas and water connections and it should introduce an e-portal for the new electricity connections and other services which would not only save
Published 30 May, 2016 12:00am
Rs 632 million being spent on new hatcheries, nursery units

Rs 632 million being spent on new hatcheries, nursery units

Director General Fisheries Punjab Iftikhar Ahmed Qureshi has said that Rs 632 million are being spent on the establishment of new hatcheries and nursery units to meet the growing demand of fish seed, besides the use of barren lands for fisheries purpose.
Published 30 May, 2016 12:00am
Federal Ombudsman's consultant visits Swat region

Federal Ombudsman's consultant visits Swat region

Consultant to the Federal Ombudsman Jehanzed Lateef visited the Swat Region to have firsthand knowledge about the problems of the masses. Hearing the complaints against the Federal Institutions, the consultant issued order to solve the problems.
Published 30 May, 2016 12:00am
MWM holds rally against unabated killing of Shias

MWM holds rally against unabated killing of Shias

Workers and supporters of Majlis-e-Whedatul Muslimeen (MWM) on Sunday staged a demonstration outside Karachi Press Club to express solidarity with their party chief Allama Raja Nasir Abbas, who has been sitting on a hunger strike camp against 'unabated ki
Published 30 May, 2016 12:00am
Political stability imperative for economic uplift: Rashid

Political stability imperative for economic uplift: Rashid

Federal Minister for Information and broadcasting Pervaiz Rashid has said political stability is imperative for economic development. Addressing a news conference in Muzaffarabad on Sunday, he said Pakistan has been put on the track of economic developmen
Published 30 May, 2016 12:00am
Nursing School, LGH's results: Shahar Bano receives gold medal

Nursing School, LGH's results: Shahar Bano receives gold medal

Shahar Bano, a second year student of Nursing School, Lahore General Hospital, has received first Asma Kanwal Shaheed Gold Medal from Principal Post Graduate Medical Institute and LGH, Professor Khalid Mahmood in a special function held at LGH in this con
Published 30 May, 2016 12:00am
FBR asked to implement provisions of FIO: President endorses FTO order

FBR asked to implement provisions of FIO: President endorses FTO order

President Mamnoon Hussain has endorsed the order of Federal Tax Ombudsman (FTO) that information relating to departmental representation in appellate forums and revenue involved in appeal cases is not confidential and does not pertain to the personal info
Published 30 May, 2016 12:00am
Workshop organised for businesswomen

Workshop organised for businesswomen

Entrepreneur-ship Development Center (EDC) Institute of Management Sciences (IMsciences) Hayatabad Peshawar organised a training workshop for Women on Business Education. This training was in continuation from last four months in Peshawar Club. Female ent
Published 30 May, 2016 12:00am
'Training course for understanding of PPRA rules'

'Training course for understanding of PPRA rules'

Director General Wildlife & Parks Punjab Khalid Ayaz Khan has said that a one day training course will be arranged for apprising Deputy Directors of the entire province of rules and regulations of Punjab Procurement Regularity Authority (PPRA). He said th
Published 30 May, 2016 12:00am
ADB delegation visits Fesco HQ

ADB delegation visits Fesco HQ

A delegation of Asian Development Bank (ADB) led by Zheng Li visited the Faisalabad Electric Supply Company (Fesco) Headquarters here on Sunday. The delegation reviewed the electricity development projects being completed with support of the ADB.
Published 30 May, 2016 12:00am
Nawaz will be blamed if democracy derailed: Imran

Nawaz will be blamed if democracy derailed: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said that any leader has to be answerable to public in a democratic system. He expressed these views in a meeting with National Press Club (NPC) members at his residence Bani Gala on Sunday. He said that
Published 30 May, 2016 12:00am
Protest for eradication of corruption is not crime: Sarwar

Protest for eradication of corruption is not crime: Sarwar

Pakistan Tehreek Insaf Punjab leader and Former Governor Punjab Chaudhry Muhammad Sarwar has said that PTI's target is corruption and not democracy or the parliament. A protest for eradication of corruption is not the crime. Protests are the right of peop
Published 30 May, 2016 12:00am
Unjustified sit-ins delay energy projects: Shahbaz

Unjustified sit-ins delay energy projects: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that elimination of energy crisis is essential for rapid industrial and economic development that is why work is being carried out round-the-clock to overcome the problem of energy shortage under the
Published 30 May, 2016 12:00am
Pakistan and Afghanistan: QWP for ending deadlock over peace efforts

Pakistan and Afghanistan: QWP for ending deadlock over peace efforts

Qaumi Watan Party (QWP) Chairman, Aftab Ahmad Khan Sherpao has called for ending deadlock between Pakistan and Afghanistan to make joint efforts for establishment of durable peace in the region. He said the establishment of sustainable peace was vital for
Published 30 May, 2016 12:00am
Prime Minister's expenses borne by family itself: Maryam

Prime Minister's expenses borne by family itself: Maryam

Maryam Nawaz, daughter of Prime Minister Nawaz Sharif said expenses incurred on her father's treatment and accommodation abroad, are being met by family itself. It should be mentioned here that there are media reports that huge amounts were being siphoned
Published 30 May, 2016 12:00am
LDA amends building construction rules

LDA amends building construction rules

The Lahore Development Authority has amended its building rules to utilise shrinking urban residential land / plots more economically and protect the buildings from earthquakes / tremors and seismic activities.
Published 30 May, 2016 12:00am
Punjab approves Rs 25.312 billion EPI

Punjab approves Rs 25.312 billion EPI

The Punjab Provincial Development Working Party (PDWP) has approved Expanded Programme on Immunisation (EPI) at an estimated cost of Rs 25.374 billion. The gigantic programme of the health sector was approved in the meeting PDWP of current fiscal year 201
Published 30 May, 2016 12:00am
British Business Centre to be launched at Netsol Technologies

British Business Centre to be launched at Netsol Technologies

The second British Business Centre will be launched at the Netsol Technologies Ltd Lahore facility on 1st of June. The centre will work with UK Trade and Investment to help UK and Pakistani companies develop and build business links and opportunities, to
Published 30 May, 2016 12:00am
Dar meets APNS, PBA delegations

Dar meets APNS, PBA delegations

Finance Minister Senator Ishaq Dar here on Sunday held a meeting with delegation comprising senior representatives of All Pakistan Newspapers Society (APNS) and Pakistan Broadcasters Association (PBA) comprising among others, Sarmad Ali, Mujeeb-ur-Rehman
Published 30 May, 2016 12:00am
Bilawal for self- governance in tribal areas

Bilawal for self- governance in tribal areas

Chairman PPP Bilawal Bhutto Zardari has said that the involvement of the people of tribal areas in self governance was critical to ending militancy and for mainstreaming the tribal areas. He said this in a meeting with convenor PPP FATA chapter former MNA
Published 30 May, 2016 12:00am
'Effective steps needed to rise mangoes'export'

'Effective steps needed to rise mangoes'export'

Vice president of Multan Chamber of Commerce and Industry (MCCI) Major Muhammad Tariq Khan (retd) has called upon the government to take effective measures for increasing export of mangoes in order to earn substantial foreign exchange for the country. He
Published 30 May, 2016 12:00am
Peace in Afghanistan vital to banish terror from region: Maleeha

Peace in Afghanistan vital to banish terror from region: Maleeha

Pakistan's massive military operation aimed at rooting out terrorism is in its "final phase", but the menace is not going to just go away unless there is peace on the other side of the border in strife-torn Afghanistan, Ambassador Maleeha Lodhi has said d
Published 30 May, 2016 12:00am
PTI to hold rally against corruption in Hyderabad on June 2

PTI to hold rally against corruption in Hyderabad on June 2

Pakistan Tehreek-i-Insaf (PTI) leader Haleem Adil Shaikh has announced that the PTI would take out a big rally as part of ongoing "Corruption Mittao Mulk Bachao" (eliminate corruption, save the country) campaign in Hyderabad on June 2 from Hyderabad Toll
Published 30 May, 2016 12:00am
Chaudhry Ahmad Saeed gives uniform shoes to PIA crew

Chaudhry Ahmad Saeed gives uniform shoes to PIA crew

Pakistan International Airlines' (PIA) former Chairman Chaudhry Ahmad Saeed donated uniform shoes worth about Rs 8 million for PIA cabin crew. In this regard an impressive ceremony was held at Lahore where Chaudhry Ahmed Saeed formally handed over the let
Published 30 May, 2016 12:00am
Drone attack aimed at damaging Pak-China ties: PESA

Drone attack aimed at damaging Pak-China ties: PESA

Pakistan Ex-servicemen Association (PESA) has said that it is a general perception that real reason behind the US attack was to damage the growing links between Pakistan and China.
Published 30 May, 2016 12:00am
Legislators briefed about law and order and uplift projects

Legislators briefed about law and order and uplift projects

Parliamentarians were briefed on law and order situation and ongoing development projects in district Faisalabad at a meeting of District Co-ordination Committee at the DCO Office Committee Room under the Chairmanship of MNA Haji Akram Ansari.
Published 30 May, 2016 12:00am
JI asks government to ensure sanctity of Ramazan

JI asks government to ensure sanctity of Ramazan

The Jamaat-e-Islami has put forth 17 demands to the government in order to ensure the sanctity of the holy month of Ramazan and for providing necessary relief to the faithful.
Published 30 May, 2016 12:00am
Gambia leader blasts UN, Amnesty over probe calls

Gambia leader blasts UN, Amnesty over probe calls

Gambian President Yahya Jammeh has slammed UN chief Ban Ki-moon and Amnesty International for demanding an investigation into the death in custody of an opposition activist, the Jeune Afrique weekly reported Sunday.
Published 30 May, 2016 12:00am
South Yemen clashes kill 48

South Yemen clashes kill 48

Fierce fighting between government forces and Shia rebels in south Yemen on Sunday claimed the lives of 48 fighters - 28 insurgents and 20 soldiers - a senior military officer said. "A total of 28 Huthis (Shia rebels) and 20 of our men were killed in the
Published 30 May, 2016 12:00am
British FM welcomes 'progress' in Yemen peace talks

British FM welcomes 'progress' in Yemen peace talks

British Foreign Secretary Philip Hammond on Sunday welcomed "progress" in Yemen peace talks, saying a solution to the conflict in the battered Arabian Peninsula country must be political, not military. Speaking in Saudi Arabia at the start of a three-day
Published 30 May, 2016 12:00am
German WWII coding machine found on eBay

German WWII coding machine found on eBay

One of the machines used to send coded messages between Adolf Hitler and his generals sold for £10 on eBay after being discovered in a shed in England, the buyer said Sunday.
Published 30 May, 2016 12:00am
Five UN peacekeepers killed in Mali attack

Five UN peacekeepers killed in Mali attack

At least five UN peacekeepers were killed in an ambush in central Mali by suspected militants on Sunday, the UN and police sources said. The attack is the first time the UN peacekeeping mission in Mali, MINUSMA, has recorded fatalities in the centre of a
Published 30 May, 2016 12:00am
Iran demands social media hand over data on its citizens

Iran demands social media hand over data on its citizens

Iran has set a one-year deadline for foreign social media to hand over data on their Iranian users, state news agency IRNA said Sunday. It said the decision was taken on Saturday at a meeting of an Iranian committee on the use of cyberspace headed by Pres
Published 30 May, 2016 12:00am
17 die in fire at Ukraine home for elderly

17 die in fire at Ukraine home for elderly

Seventeen people died when an unlicenced home for elderly people outside the Ukrainian capital Kiev caught fire in the early hours of Sunday, a fresh tragedy to shake the conflict-riven country. The fire tore through the two-storey building for the elderl
Published 30 May, 2016 12:00am
10 killed in Bangladesh local election violence

10 killed in Bangladesh local election violence

At least 10 people have been killed and thousands injured in clashes between supporters and candidates of rival parties during the latest Bangladesh local elections, police and poll monitors said Sunday.
Published 30 May, 2016 12:00am
Thousands flee IS offensive in Syria

Thousands flee IS offensive in Syria

Thousands of civilians have fled an offensive by the Islamic State group against non-jihadist rebels in northern Syria into territory controlled by a US-backed Kurdish-led alliance, a monitor said on Sunday. The offensive against the towns of Marea and Az
Published 30 May, 2016 12:00am
Roadside bomb kills five in Nigeria

Roadside bomb kills five in Nigeria

Five people were killed when an improvised explosive device exploded in north-east Nigeria, in a region where Boko Haram insurgents have operated for years, the country's military said Sunday. A rickshaw driving close to a military checkpoint on the outsk
Published 30 May, 2016 12:00am
Iraqi forces poised for Fallujah assault

Iraqi forces poised for Fallujah assault

Elite Iraqi troops were poised Sunday to assault one of the Islamic State group's most emblematic bastions, Fallujah, as the jihadists counterattacked in both Iraq and neighbouring Syria.
Published 30 May, 2016 12:00am
Indonesia sells 6.51 trillion rupiah of Islamic bonds, above target

Indonesia sells 6.51 trillion rupiah of Islamic bonds, above target

Indonesia's finance ministry sold 6.51 trillion rupiah ($489.66 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield of the six-mont
Published 30 May, 2016 12:00am
Indonesia sells 6.51 trillion rupiah of Islamic bonds, above target

Indonesia sells 6.51 trillion rupiah of Islamic bonds, above target

Indonesia's finance ministry sold 6.51 trillion rupiah ($489.66 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield of the six-mont
Published 30 May, 2016 12:00am
Emerging-market mutual funds take in most US money in a year: ICI

Emerging-market mutual funds take in most US money in a year: ICI

Mutual fund investors showed a flash of optimism after a year of fleeing risky assets, putting the most money in US-based emerging-market products since April 2015 during the latest week, Investment Company Institute data showed on Wednesday. The emerging
Published 30 May, 2016 12:00am
Emerging-market mutual funds take in most US money in a year: ICI

Emerging-market mutual funds take in most US money in a year: ICI

Mutual fund investors showed a flash of optimism after a year of fleeing risky assets, putting the most money in US-based emerging-market products since April 2015 during the latest week, Investment Company Institute data showed on Wednesday. The emerging
Published 30 May, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.40).
Published 30 May, 2016 12:00am
Investors put in over $10 billion of orders for HSBC's AT1

Investors put in over $10 billion of orders for HSBC's AT1

Strong demand allowed HSBC to launch its US $2bn Additional Tier 1 deal well inside initial price thoughts on Tuesday. The perpetual non-call five deal, rated Baa3/BBB by Moody's/Fitch, is the first AT1 in dollars from a UK bank so far this year.
Published 30 May, 2016 12:00am
Australian's The Good Guys hires banks for IPO

Australian's The Good Guys hires banks for IPO

Australian appliances retailer The Good Guys Discount Warehouses (Australia) Pty Ltd on Monday said it had hired three investment banks to run a planned IPO which some analysts estimate could be worth about A$800 million ($578.00 million).
Published 30 May, 2016 12:00am
Australian's The Good Guys hires banks for IPO

Australian's The Good Guys hires banks for IPO

Australian appliances retailer The Good Guys Discount Warehouses (Australia) Pty Ltd on Monday said it had hired three investment banks to run a planned IPO which some analysts estimate could be worth about A$800 million ($578.00 million).
Published 30 May, 2016 12:00am
DONG Energy listing to value group at up to $16 billion

DONG Energy listing to value group at up to $16 billion

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but also into a business heavily reliant on government subsidies. State-controlled DONG Energy on T
Published 30 May, 2016 12:00am
DONG Energy listing to value group at up to $16 billion

DONG Energy listing to value group at up to $16 billion

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but also into a business heavily reliant on government subsidies. State-controlled DONG Energy on T
Published 30 May, 2016 12:00am
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