AIRLINK 166.94 Decreased By ▼ -1.57 (-0.93%)
BOP 9.71 Decreased By ▼ -0.08 (-0.82%)
CNERGY 7.82 Decreased By ▼ -0.17 (-2.13%)
CPHL 88.87 Increased By ▲ 0.90 (1.02%)
FCCL 44.58 Increased By ▲ 0.65 (1.48%)
FFL 15.41 Decreased By ▼ -0.11 (-0.71%)
FLYNG 28.62 Increased By ▲ 0.68 (2.43%)
HUBC 139.39 Increased By ▲ 1.42 (1.03%)
HUMNL 12.07 Decreased By ▼ -0.30 (-2.43%)
KEL 4.20 Decreased By ▼ -0.04 (-0.94%)
KOSM 5.48 Decreased By ▼ -0.08 (-1.44%)
MLCF 67.46 Increased By ▲ 2.67 (4.12%)
OGDC 212.37 Increased By ▲ 0.68 (0.32%)
PACE 5.53 Decreased By ▼ -0.20 (-3.49%)
PAEL 44.31 Decreased By ▼ -0.71 (-1.58%)
PIAHCLA 16.80 Decreased By ▼ -0.29 (-1.7%)
PIBTL 9.37 Increased By ▲ 0.14 (1.52%)
POWER 14.28 Decreased By ▼ -0.17 (-1.18%)
PPL 164.05 Decreased By ▼ -2.35 (-1.41%)
PRL 29.41 Decreased By ▼ -1.24 (-4.05%)
PTC 21.30 Increased By ▲ 0.10 (0.47%)
SEARL 88.99 Decreased By ▼ -1.48 (-1.64%)
SSGC 40.49 Decreased By ▼ -0.56 (-1.36%)
SYM 14.64 Increased By ▲ 0.16 (1.1%)
TELE 7.17 Decreased By ▼ -0.22 (-2.98%)
TPLP 9.15 Decreased By ▼ -0.22 (-2.35%)
TRG 64.27 Decreased By ▼ -0.73 (-1.12%)
WAVESAPP 9.42 Decreased By ▼ -0.09 (-0.95%)
WTL 1.29 Decreased By ▼ -0.02 (-1.53%)
YOUW 3.65 Decreased By ▼ -0.07 (-1.88%)
AIRLINK 166.94 Decreased By ▼ -1.57 (-0.93%)
BOP 9.71 Decreased By ▼ -0.08 (-0.82%)
CNERGY 7.82 Decreased By ▼ -0.17 (-2.13%)
CPHL 88.87 Increased By ▲ 0.90 (1.02%)
FCCL 44.58 Increased By ▲ 0.65 (1.48%)
FFL 15.41 Decreased By ▼ -0.11 (-0.71%)
FLYNG 28.62 Increased By ▲ 0.68 (2.43%)
HUBC 139.39 Increased By ▲ 1.42 (1.03%)
HUMNL 12.07 Decreased By ▼ -0.30 (-2.43%)
KEL 4.20 Decreased By ▼ -0.04 (-0.94%)
KOSM 5.48 Decreased By ▼ -0.08 (-1.44%)
MLCF 67.46 Increased By ▲ 2.67 (4.12%)
OGDC 212.37 Increased By ▲ 0.68 (0.32%)
PACE 5.53 Decreased By ▼ -0.20 (-3.49%)
PAEL 44.31 Decreased By ▼ -0.71 (-1.58%)
PIAHCLA 16.80 Decreased By ▼ -0.29 (-1.7%)
PIBTL 9.37 Increased By ▲ 0.14 (1.52%)
POWER 14.28 Decreased By ▼ -0.17 (-1.18%)
PPL 164.05 Decreased By ▼ -2.35 (-1.41%)
PRL 29.41 Decreased By ▼ -1.24 (-4.05%)
PTC 21.30 Increased By ▲ 0.10 (0.47%)
SEARL 88.99 Decreased By ▼ -1.48 (-1.64%)
SSGC 40.49 Decreased By ▼ -0.56 (-1.36%)
SYM 14.64 Increased By ▲ 0.16 (1.1%)
TELE 7.17 Decreased By ▼ -0.22 (-2.98%)
TPLP 9.15 Decreased By ▼ -0.22 (-2.35%)
TRG 64.27 Decreased By ▼ -0.73 (-1.12%)
WAVESAPP 9.42 Decreased By ▼ -0.09 (-0.95%)
WTL 1.29 Decreased By ▼ -0.02 (-1.53%)
YOUW 3.65 Decreased By ▼ -0.07 (-1.88%)
BR100 12,327 Increased By 71.3 (0.58%)
BR30 36,803 Increased By 80.1 (0.22%)
KSE100 115,469 Increased By 449.5 (0.39%)
KSE30 35,563 Increased By 234.3 (0.66%)
Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-06-13
Germany records 3,200 complaints over asylum backlog

Germany records 3,200 complaints over asylum backlog

Thousands of migrants have filed complaints against German authorities over the lengthy asylum-seeking process, according to official data seen by AFP Sunday. A total of 3,271 such cases had been filed by the end of March, the Federal Office for Migration
Published 13 Jun, 2016 12:00am
THE RUPEE: fresh gains posted
Currency

THE RUPEE: fresh gains posted

On the back of comfortable supply of dollars, the rupee posted fresh gains in relation to the dollar during the week, ended on June 11, 2016. In the interbank market, the rupee gained 42 paisas versus the dollar for buying and selling at Rs 104.22 and Rs
Published 13 Jun, 2016 12:00am
Obama, Pope lead condemnation of massacre

Obama, Pope lead condemnation of massacre

US President Barack Obama and Pope Francis on Sunday led the condemnation after a gunman went on the rampage at a gay nightclub in Florida leaving at least 50 people dead. The pontiff condemned the killings as "homicidal folly and senseless hatred" while
Published 13 Jun, 2016 12:00am
Obama, Pope lead condemnation of massacre

Obama, Pope lead condemnation of massacre

US President Barack Obama and Pope Francis on Sunday led the condemnation after a gunman went on the rampage at a gay nightclub in Florida leaving at least 50 people dead. The pontiff condemned the killings as "homicidal folly and senseless hatred" while
Published 13 Jun, 2016 12:00am
Fatwa declares honour killing as 'un-Islamic, 'unpardonable sin'

Fatwa declares honour killing as 'un-Islamic, 'unpardonable sin'

At least 40 Islamic scholars belonging to the Sunni Ittehad Council (SIC) issued a fatwa on Sunday declaring the murder of women or girls in the name of honour as 'un-Islamic' and an 'unpardonable sin', according to a private TV channel.
Published 13 Jun, 2016 12:00am
Punjab unveils Rs 1.65 trillion budget today

Punjab unveils Rs 1.65 trillion budget today

Punjab Finance Minister Dr Ayesha Ghaus Pasha will present a Rs 1.65 trillion Punjab budget for the fiscal year 2016-17 along with a supplementary budget statement in the provincial assembly on Monday.
Published 13 Jun, 2016 12:00am
Punjab unveils Rs 1.65 trillion budget today

Punjab unveils Rs 1.65 trillion budget today

Punjab Finance Minister Dr Ayesha Ghaus Pasha will present a Rs 1.65 trillion Punjab budget for the fiscal year 2016-17 along with a supplementary budget statement in the provincial assembly on Monday.
Published 13 Jun, 2016 12:00am
Punjab unveils Rs 1.65 trillion budget today

Punjab unveils Rs 1.65 trillion budget today

Punjab Finance Minister Dr Ayesha Ghaus Pasha will present a Rs 1.65 trillion Punjab budget for the fiscal year 2016-17 along with a supplementary budget statement in the provincial assembly on Monday.
Published 13 Jun, 2016 12:00am
Punjab unveils Rs 1.65 trillion budget today

Punjab unveils Rs 1.65 trillion budget today

Punjab Finance Minister Dr Ayesha Ghaus Pasha will present a Rs 1.65 trillion Punjab budget for the fiscal year 2016-17 along with a supplementary budget statement in the provincial assembly on Monday.
Published 13 Jun, 2016 12:00am
Punjab unveils Rs 1.65 trillion budget today

Punjab unveils Rs 1.65 trillion budget today

Punjab Finance Minister Dr Ayesha Ghaus Pasha will present a Rs 1.65 trillion Punjab budget for the fiscal year 2016-17 along with a supplementary budget statement in the provincial assembly on Monday.
Published 13 Jun, 2016 12:00am
PML-N government determined to eliminate child labour: Shahbaz

PML-N government determined to eliminate child labour: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that PML-N government is determined to eliminate child labour from Punjab. He said that under the leadership of Prime Minister Muhammad Nawaz Sharif, practical steps have been taken for eliminating child labou
Published 13 Jun, 2016 12:00am
Yuan trade system to open branches in London, New York
Currency

Yuan trade system to open branches in London, New York

China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan's global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China's central bank,
Published 13 Jun, 2016 12:00am
Yuan trade system to open branches in London, New York
Currency

Yuan trade system to open branches in London, New York

China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan's global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China's central bank,
Published 13 Jun, 2016 12:00am
Yuan trade system to open branches in London, New York
Currency

Yuan trade system to open branches in London, New York

China''s state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan''s global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China''s central ba
Published 13 Jun, 2016 12:00am
Finance Bill 2016: NA body proposes seven key amendments

Finance Bill 2016: NA body proposes seven key amendments

National Assembly Standing Committee on Finance has recommended seven key amendments in Finance Bill 2016 for changes in duties and taxes structure, tariff rationalisation and continuation of sales tax zero-rating regime for dairy sector to avoid increase
Published 13 Jun, 2016 12:00am
Finance Bill 2016: NA body proposes seven key amendments

Finance Bill 2016: NA body proposes seven key amendments

National Assembly Standing Committee on Finance has recommended seven key amendments in Finance Bill 2016 for changes in duties and taxes structure, tariff rationalisation and continuation of sales tax zero-rating regime for dairy sector to avoid increase
Published 13 Jun, 2016 12:00am
Finance Bill 2016: NA body proposes seven key amendments

Finance Bill 2016: NA body proposes seven key amendments

National Assembly Standing Committee on Finance has recommended seven key amendments in Finance Bill 2016 for changes in duties and taxes structure, tariff rationalisation and continuation of sales tax zero-rating regime for dairy sector to avoid increase
Published 13 Jun, 2016 12:00am
Finance Bill 2016: NA body proposes seven key amendments

Finance Bill 2016: NA body proposes seven key amendments

National Assembly Standing Committee on Finance has recommended seven key amendments in Finance Bill 2016 for changes in duties and taxes structure, tariff rationalisation and continuation of sales tax zero-rating regime for dairy sector to avoid increase
Published 13 Jun, 2016 12:00am
Parliamentarians briefed about public welfare projects

Parliamentarians briefed about public welfare projects

The meeting of District Co-ordination Committee was held here at DCO office Committee Room with Divisional Commissioner Momin Agha in the chair. During the meeting RPO Bilal Siddique Kamyana, DCO Salman Ghani and CPO Afzal Kausar gave the briefing about t
Published 13 Jun, 2016 12:00am
Punjab minister examines prices of edible items

Punjab minister examines prices of edible items

Punjab Minister for Minority Affaires and Human Rights Khalil Tahir Sindhu has said that all entire machinery of the Punjab government is mobilised for the monitoring of Ramazan Bazaars for providing essential commodities to the consumers on reduced price
Published 13 Jun, 2016 12:00am
Government verifying results of US assistance since 2009

Government verifying results of US assistance since 2009

The government of Pakistan has initiated verification of the statistics of benefits achieved due to US assistance from the financial year 2009 to 2017. The step has been taken after the observations of Larry Sampler, Assistant to the Administrator in the
Published 13 Jun, 2016 12:00am
Traders irked by 10-hour power loadshedding

Traders irked by 10-hour power loadshedding

The business community of Southern Punjab was panicked with ten hours a day electricity loadshedding which had forced them to shut their factories for 10 hours .The Multan Chamber of Commerce and Industry (MCCI) has said that ten-hour power loadshedding f
Published 13 Jun, 2016 12:00am
Woman among seven alleged criminals held

Woman among seven alleged criminals held

Law enforcement agencies (LEAs) on Sunday claimed to have arrested seven alleged criminals in separate raids here in the metropolis. According to police sources, five accused including a woman, were arrested from Gulshan-e-Iqbal Town's Azam Goth. The unde
Published 13 Jun, 2016 12:00am
Illegal hunting: Wildlife Department recovers Rs 66.78 million

Illegal hunting: Wildlife Department recovers Rs 66.78 million

Director General Wildlife and Parks Punjab, Khalid Ayaz Khan has said that a total fine of Rs66.78 million has been recovered in lieu of 22,994 cases registered during last seven years against those who were involved in illegal hunting and other offences
Published 13 Jun, 2016 12:00am
Southern Punjab: MCCI seeks 'Special Economic Zone' status

Southern Punjab: MCCI seeks 'Special Economic Zone' status

The Business Community of Multan has urged upon the federal Board of Investment (BoI), to grant Special Economic Zone (SEZ) status, to Multan, Rahimyar Khan, Bahawalpur, Muzaffargarh and Dera Ghazi Khan Industrial Estate under CPEC project. What a pity th
Published 13 Jun, 2016 12:00am
Punjab CM visits Ramazan bazaar, DHQ hospital

Punjab CM visits Ramazan bazaar, DHQ hospital

Punjab Chief Minister Muhammad Shahbaz Sharif paid surprise visits to Ramazan bazaar, DHQ Hospital and brick-kiln in Kasur on Sunday. The Chief Minister reviewed prices and quality of edible items, fruits, vegetables, pulses, sugar and flour in Ramazan ba
Published 13 Jun, 2016 12:00am
Pakistan, Afghanistan: US issues brief statement about Olson's visit

Pakistan, Afghanistan: US issues brief statement about Olson's visit

Ambassador Richard Olson US Special Representative for Afghanistan and Pakistan (SRAP) visited Pakistan amid uneasy relationship between the two long standing allies following death of Taliban leader Mullah Akhtar Mansour in a US drone attack inside Pakis
Published 13 Jun, 2016 12:00am
FIR lodged by Marvi Sirmed: Police seek to investigate Senator Hamdullah

FIR lodged by Marvi Sirmed: Police seek to investigate Senator Hamdullah

The Islamabad Capital Territory ((ICT) Police has lodged a letter to Chairman Senate seeking permission to question Senator Hafiz Mamdullah of Jamiat Ulema-e-Islam-Fazl (JUI-F) for alleged misconduct and threats to a women rights activist Marvi Sirmed in
Published 13 Jun, 2016 12:00am
Bilawal condemns conduct of Hafiz Hamdullah

Bilawal condemns conduct of Hafiz Hamdullah

Bilawal Bhutto Zardari Chairman Pakistan People's Party has strongly condemned insulting and immoral behaviour of Hafiz Hamdullah towards prominent political commentator and rights activist Marvi Sirmed in a live TV show and asked his sponsors to keep suc
Published 13 Jun, 2016 12:00am
Four new rigs being acquired to step up oil, gas exploration

Four new rigs being acquired to step up oil, gas exploration

Ministry of Petroleum and Natural Resources has approved a proposal to acquire four new drilling rigs to step up oil and gas exploration activities in the country and achieve self-reliance in the energy sector.
Published 13 Jun, 2016 12:00am
'Profiteers will not be allowed to create artificial price-hike'

'Profiteers will not be allowed to create artificial price-hike'

Khyber Pakhtunkhwa Minister for Food, Haji Qalandar Khan Lodhi has said that profiteers, hoarders and adulterates will not be allowed to create artificial price-hike in the province. He directed the representatives of local governments and officials of fo
Published 13 Jun, 2016 12:00am
Kyrgyzstan to hold culturally-rich World Nomad Games

Kyrgyzstan to hold culturally-rich World Nomad Games

Arrangem-ents are underway to hold the prestigious 2nd World Nomad Games, dedicated to ethnic sports practised in Central Asia, this autumn from September 3 to 8 in the Issyk-Kul region of Kyrgyzstan. Countries comprising Turkey, Kazakhstan, Azerbaijan, U
Published 13 Jun, 2016 12:00am
Huge surge in prices of essential items witnessed

Huge surge in prices of essential items witnessed

A huge surge in prices of essential commodities of daily use including fruits, vegetables, sugar, pulses, and rice, has been reported during the holy month of Ramazan, according to a survey conducted by Business Recorder here on Sunday.
Published 13 Jun, 2016 12:00am
Kashmiri delegation to attend UNHRC session in Geneva

Kashmiri delegation to attend UNHRC session in Geneva

An eight-member delegation led by APHC leader Altaf Hussain Wani is all set to attend 32nd session of United Nations Human Rights Council Geneva, wed by internationally acclaimed human rights defenders and the officials of the highest body. Leader of the
Published 13 Jun, 2016 12:00am
Mumtaz Bhutto terms Sindh budget 'a fraud'

Mumtaz Bhutto terms Sindh budget 'a fraud'

PML-N leader and former Sindh Chief Minister Mumtaz Ali Bhutto alleged on Sunday in two tweets that 50,000 jobs to be sold at Rs 5 lac each as in the past, adding no bureaucrat will remain poor in Sindh.
Published 13 Jun, 2016 12:00am
Concessional rates: railways facing Rs 152 million burden

Concessional rates: railways facing Rs 152 million burden

Pakistan Railways witnessed Rs 152.914 million financial burden during the period from July 2015 to April 2016 due to facility of free passes and tickets on concessional rates. Railways officials are entitled to travel on free passes in limited number eac
Published 13 Jun, 2016 12:00am
NADRA blocks 300 CNICs of Afghan refugees in Swat

NADRA blocks 300 CNICs of Afghan refugees in Swat

On the directives of the Ministry of Interior,, National Database and Registration Authority (NADRA) has blocked nearly 300 National Identity Cards (NICs) issued to Afghan refugees in district Swat.
Published 13 Jun, 2016 12:00am
Workers face problems due to lack of PE offices

Workers face problems due to lack of PE offices

The workers moving abroad for employment purposes are facing problems in issuance of protectors due to lack of Protectorate of Emigrants (PE) offices across the country. Around 946,571 workers went abroad to different countries for employment purposes dur
Published 13 Jun, 2016 12:00am
TDPs registration: July 4 deadline set

TDPs registration: July 4 deadline set

The Federal Government has decided to annul the registration of all those Temporarily Displaced Persons (IDPs) and victims of South Waziristan Agency, who are not willing to go back to their hometown. An official source told APP here on Sunday that if the
Published 13 Jun, 2016 12:00am
Merkel pushes rule of law, market access in China

Merkel pushes rule of law, market access in China

German Chancellor Angela Merkel stressed the role of an independent judiciary and the need for a level playing field for foreign firms as she begun her ninth trip to China since taking office. Merkel arrived in China on Sunday amid growing pressure from i
Published 13 Jun, 2016 12:00am
Vittinghus, Nehwal win Australian Superseries titles

Vittinghus, Nehwal win Australian Superseries titles

Denmark's Hans-Kristian Vittinghus and Saina Nehwal of India won the Australian Open Badminton Superseries titles in Sydney on Sunday. Vittinghus defeated South Korean Jeon Hyeok-Jin to win his first Superseries title.
Published 13 Jun, 2016 12:00am
US down Paraguay to top group as Colombia stunned

US down Paraguay to top group as Colombia stunned

The United States battled to a 1-0 victory over Paraguay to seal their place in the Copa America Centenario quarter-finals on Saturday as group rivals Colombia crashed to a potentially costly 3-2 defeat to Costa Rica.
Published 13 Jun, 2016 12:00am
Warner ton for Australia as Proteas wilt

Warner ton for Australia as Proteas wilt

Australia showed the stuff of champions and South Africa's suspect temperament was again exposed as they crashed to a 36-run defeat in the fourth match of the Tri-Nation One-Day International series at Warner Park in St Kitts on Saturday.
Published 13 Jun, 2016 12:00am
Lomachenko knocks out Martinez for historic 2nd title

Lomachenko knocks out Martinez for historic 2nd title

Ukraine's Vasyl Lomachenko knocked out Roman Martinez on Saturday to grab the World Boxing Organisation super featherweight world title - his second world belt in just his seventh pro bout. Two-time Olympic gold medallist Lomachenko sent Puerto Rico's Mar
Published 13 Jun, 2016 12:00am
Former England captain Carr dies

Former England captain Carr dies

Former England captain Donald Carr has died, at the age of 89, it was announced Sunday. The MCC flag at Lord's, where England were playing Sri Lanka in the third Test, flew at half-mast as a mark of respect.
Published 13 Jun, 2016 12:00am
Hales misses out on hundred again as England press on

Hales misses out on hundred again as England press on

Alex Hales again fell agonisingly short of a maiden Test hundred as England got the better of several close calls in the third Test against Sri Lanka at Lord's on Sunday. At tea on a rain-marred fourth day, England, 2-0 up in the three-match series, were
Published 13 Jun, 2016 12:00am
Bolt recovers from 'horrible start'

Bolt recovers from 'horrible start'

Jamaica's Usain Bolt shook off a "horrible start" to win the 100m at the Racers Grand Prix athletics meeting the second-fastest time in the world this year.
Published 13 Jun, 2016 12:00am
China's Wu wins second European Tour title

China's Wu wins second European Tour title

World number 222 Wu Ashun claimed his second European Tour title after emerging from a topsy-turvy final round to win the Austrian Open by a single shot on Sunday. Wu, 30, who became the first Chinese player to win on home soil on the European Tour when h
Published 13 Jun, 2016 12:00am
Modric stunner sees Croatia past Turkey

Modric stunner sees Croatia past Turkey

Real Madrid midfielder Luka Modric scored a brilliant volley as Croatia defeated Turkey 1-0 in their Euro 2016 Group D opener on Sunday. Ante Cacic's Croatia dominated throughout, twice hitting the bar in the second half, but it was only Modric's 41st-min
Published 13 Jun, 2016 12:00am
UEFA threatens Russia, England with Euro disqualification

UEFA threatens Russia, England with Euro disqualification

UEFA said Sunday that Russia and England could be thrown out of the European Championship finals if their fans are involved in more violence. The UEFA executive committee made a public "warning" in a statement which expressed "disgust for the violent clas
Published 13 Jun, 2016 12:00am
Late equaliser deals blow to England hopes

Late equaliser deals blow to England hopes

Russia captain Vasili Berezutski headed a last-gasp leveller against England on Saturday to steal a 1-1 draw in a European Championship match marred by a third day of fan violence.
Published 13 Jun, 2016 12:00am
Mexico, Singapore leaders back TPP ratification

Mexico, Singapore leaders back TPP ratification

Mexican President Enrique Pena Nieto said Friday that he and Singaporean counterpart Tony Tan will promote the ratification of a trans-Pacific trade pact. The two leaders met during Tan's state visit to Mexico, the first by a Singaporean head of state to
Published 13 Jun, 2016 12:00am
Saudi Arabia seeks global investors for two solar plants

Saudi Arabia seeks global investors for two solar plants

Saudi Arabia is seeking international investors to build two solar power plants, using a deal structure that could become a model for the kingdom's infrastructure projects as low oil prices pressure the government's finances. State-owned utility Saudi Ele
Published 13 Jun, 2016 12:00am
'Brexit would cause big problems for German banks'

'Brexit would cause big problems for German banks'

A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel. Bafin President Felix Hufeld told the newsp
Published 13 Jun, 2016 12:00am
Islamic trade finance body to expand global reach: CEO

Islamic trade finance body to expand global reach: CEO

The Jeddah-based International Islamic Trade Finance Corp (ITFC) plans to strengthen its global network of offices in an effort to increase the use of Shariah-compliant banking in merchandise trade.
Published 13 Jun, 2016 12:00am
Kuwait orders probe into US Dow Chemical deal

Kuwait orders probe into US Dow Chemical deal

Kuwait has asked the public prosecutor to open an investigation into a scrapped deal with US firm Dow Chemical that resulted in a $2.2 billion fine, a newspaper reported Sunday. Citing an unnamed high-ranking source, Al-Qabas daily said the government las
Published 13 Jun, 2016 12:00am
Egypt's EFG-Hermes to return $122 million to shareholders

Egypt's EFG-Hermes to return $122 million to shareholders

Egypt's EFG-Hermes plans to distribute 1.08 billion Egyptian pounds ($122 million) to shareholders and step up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais, it said on Sunday.
Published 13 Jun, 2016 12:00am
Egypt's EFG-Hermes to return $122 million to shareholders

Egypt's EFG-Hermes to return $122 million to shareholders

Egypt's EFG-Hermes plans to distribute 1.08 billion Egyptian pounds ($122 million) to shareholders and step up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais, it said on Sunday.
Published 13 Jun, 2016 12:00am
China's FDI falls one percent in May from a year ago to $8.89 billion

China's FDI falls one percent in May from a year ago to $8.89 billion

China's foreign direct investment (FDI) fell 1 percent in May from a year earlier to 56.77 billion yuan, or $8.89 billion, the Commerce Ministry said on Sunday. This is the first year-on-year decline since December, when FDI dropped 5.8 percent from the y
Published 13 Jun, 2016 12:00am
Walmart Canada to stop accepting Visa, says fees too high

Walmart Canada to stop accepting Visa, says fees too high

Walmart Canada stores will stop accepting Visa Inc cards because the credit card provider charges merchants "unacceptably high" fees, the retailer said on Saturday. Walmart has been unable to agree with Visa on an "acceptable fee" and will no longer accep
Published 13 Jun, 2016 12:00am
Walmart Canada to stop accepting Visa, says fees too high

Walmart Canada to stop accepting Visa, says fees too high

Walmart Canada stores will stop accepting Visa Inc cards because the credit card provider charges merchants "unacceptably high" fees, the retailer said on Saturday. Walmart has been unable to agree with Visa on an "acceptable fee" and will no longer accep
Published 13 Jun, 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 13 Jun, 2016 12:00am
Egypt appoints anti-corruption chief

Egypt appoints anti-corruption chief

Egypt's parliament approved on Sunday the appointment of a former prosecutor as the new anti-corruption chief, state news agency MENA said, less than a week after his predecessor went on trial accused of making up lies about the scale of the problem.
Published 13 Jun, 2016 12:00am
Safe corridor allows 4,000 to flee Iraq's Fallujah

Safe corridor allows 4,000 to flee Iraq's Fallujah

The Iraqi army has established a safe corridor that has allowed 4,000 Fallujah residents to flee the jihadist-held city in 24 hours, the Norwegian Refugee Council said on Sunday. "The army opened a safe corridor for families fleeing from Fallujah through
Published 13 Jun, 2016 12:00am
One dead in mystery blast inside Istanbul flat

One dead in mystery blast inside Istanbul flat

One person was killed and another injured Sunday when a mysterious blast ripped through an empty apartment in an upscale Istanbul neighbourhood, Dogan news agency reported. The incident took place in a fifth-floor apartment in Cihangir, an elegant distric
Published 13 Jun, 2016 12:00am
Drone forces hour-long closure of Dubai airport

Drone forces hour-long closure of Dubai airport

A rogue drone disrupted air traffic at Dubai International Airport for more than an hour on Saturday, said the operator of one of the world's busiest aviation hubs. "DXB airspace was closed due to unauthorised UAV (unmanned aerial vehicle) activity for 69
Published 13 Jun, 2016 12:00am
Dubai seizes 81 vehicles in crackdown on street racing

Dubai seizes 81 vehicles in crackdown on street racing

Dubai police have seized 81 vehicles for alleged "reckless driving", the authorities said, in a crackdown on street racing among youths in the wealthy Gulf emirate. The vehicles were impounded for being driven at speeds of up to 300 kilometres per hour (1
Published 13 Jun, 2016 12:00am
Brexit 'disastrous' for EU global role: analysts

Brexit 'disastrous' for EU global role: analysts

Britain leaving the European Union would strip the bloc of a nuclear-armed global player and prove "disastrous" for its presence on the world stage, analysts say.
Published 13 Jun, 2016 12:00am
Man hurls explosives inside Shanghai airport, injuring four

Man hurls explosives inside Shanghai airport, injuring four

A man hurled a bottle containing home-made explosives inside the main international airport in China's commercial hub of Shanghai on Sunday, injuring four people before attempting to kill himself, authorities said. The unidentified man removed a beer bott
Published 13 Jun, 2016 12:00am
Modi notches upper-house gains, eyes Uttar Pradesh battle

Modi notches upper-house gains, eyes Uttar Pradesh battle

Prime Minister Narendra Modi has notched up gains in elections to India's upper house of parliament, and is seeking to drive home the advantage when his nationalist ruling party meets to devise a strategy to win India's biggest state.
Published 13 Jun, 2016 12:00am
Lasers uncover hidden secrets of Cambodia's ancient cities

Lasers uncover hidden secrets of Cambodia's ancient cities

Unprecedented new details of medieval cities hidden under jungle in Cambodia near Angkor Wat have been revealed using lasers, archaeologists said Sunday, shedding new light on the civilisation behind the world's largest religious complex.
Published 13 Jun, 2016 12:00am
Canadian dollar likely to weaken
Currency

Canadian dollar likely to weaken

The Canadian dollar is expected to weaken in the near-term on prospects of slower economic growth and a US interest rate hike this month or next, a Reuters poll found, but an eventual oil price recovery is set to bolster the currency over the longer term.
Published 13 Jun, 2016 12:00am
Nordic Investment Bank launches 500 million euro green bond

Nordic Investment Bank launches 500 million euro green bond

The Nordic Investment Bank said on Thursday it had launched an eight-year 500 million euro ($567 million) green bond to help to finance environmental projects. The proceeds from so-called green bonds help to pay for projects relating to renewable energy,
Published 13 Jun, 2016 12:00am
Nordic Investment Bank launches 500 million euro green bond

Nordic Investment Bank launches 500 million euro green bond

The Nordic Investment Bank said on Thursday it had launched an eight-year 500 million euro ($567 million) green bond to help to finance environmental projects. The proceeds from so-called green bonds help to pay for projects relating to renewable energy,
Published 13 Jun, 2016 12:00am
Gogo hits turbulence in junk bond sale

Gogo hits turbulence in junk bond sale

Inflight internet company Gogo had to pay up to return to the junk bond market after unexpectedly cancelling a deal that had already priced in May. This time around, the company had to offer investors a yield of 12.5% on a US $525m six-year non-call three
Published 13 Jun, 2016 12:00am
Gogo hits turbulence in junk bond sale

Gogo hits turbulence in junk bond sale

Inflight internet company Gogo had to pay up to return to the junk bond market after unexpectedly cancelling a deal that had already priced in May. This time around, the company had to offer investors a yield of 12.5% on a US $525m six-year non-call three
Published 13 Jun, 2016 12:00am
China stock market burns investors with boom-and-bust
Currency

China stock market burns investors with boom-and-bust

Small-time investor Tracy Li lost more than $3,000 of her hard-earned salary from working at a bank after China's stock market crashed last summer, wiping out trillions of dollars in valuations in just days. A year later, and she has been burned twice, be
Published 13 Jun, 2016 12:00am
Landmark Saudi bond takes step forward

Landmark Saudi bond takes step forward

Bankers are expecting to be notified soon about the line up to lead Saudi Arabia's debut international bond transaction after pitches took place in Riyadh. The Kingdom is likely to hire from the list of banks that underwrote a US $10bn loan in May, which
Published 13 Jun, 2016 12:00am
THE RUPEE: fresh gains posted
Currency

THE RUPEE: fresh gains posted

On the back of comfortable supply of dollars, the rupee posted fresh gains in relation to the dollar during the week, ended on June 11, 2016. In the interbank market, the rupee gained 42 paisas versus the dollar for buying and selling at Rs 104.22 and Rs
Published 13 Jun, 2016 12:00am
Previous Day
⇧