News Archives for Print - 2016-06-19

Asia's coffee sales slow due to hoarding, tighter supply

Asia's coffee sales slowed this week due to hoarding, tighter supply in Vietnam and as Indonesia's harvest is yet to touch its peak, traders said on Thursday. Slowing sales in Vietnam, the world's largest robusta producer, along with a drop in coffee expo

Published 19 Jun, 2016 12:00am

European wheat futures weaker

European wheat futures were weaker in the late afternoon on Thursday, but recovering from a three-week low hit in morning trade, as the market followed a mixed trend in Chicago. Activity was moderate as traders awaited a clearer picture of the impact of h

Published 19 Jun, 2016 12:00am

US FOB Gulf soya premiums firmer on strong demand

Export premiums for soyabeans shipped from the US Gulf Coast were steady to higher on Thursday, supported by strong demand for shipments through early autumn, traders said. Limited available soyabean supplies in Argentina and elevated prices in Brazil hav

Published 19 Jun, 2016 12:00am

RBC eyes more US expansion after City National deal

Royal Bank of Canada plans further expansion in the United States following its $5 billion acquisition of Los Angeles-based City National in November, Chief Executive Dave McKay said on Thursday. McKay said acquiring City National gave the bank an "enormo

Published 19 Jun, 2016 12:00am

Guinea's CBG gets $1 billion loan to boost bauxite production

Guinea's Bauxite Company (CBG) has reached an agreement in principle over a $1 billion loan to increase production capacity at the Kamsar treatment plant, the firm's general director told Reuters on Friday. Guinea has around a third of the world's reserve

Published 19 Jun, 2016 12:00am

US ends $1.6 billion criminal case against FedEx

The US Department of Justice on Friday dismissed all criminal charges against FedEx Corp in a case where the company was accused of shipping packages from illegal online pharmacies despite repeated warnings, according to a court filing. Trial had begun ea

Published 19 Jun, 2016 12:00am

Row with government halts output at Mauritania gold mine

Production has been suspended at a giant Canadian-owned gold mine in Mauritania after the state ordered expatriates whose work permits had expired to stay home, a company spokesman told AFP on Saturday. The latest stoppage at Tasiast mine in the country's

Published 19 Jun, 2016 12:00am

US regulator approves IEX as national stock exchange

The US Securities and Exchange Commission has approved alternative trading group IEX Group Inc's request to launch a new US public stock exchange, in a move likely to intensify arguments over current market structure. IEX, made famous by Michael Lewis' 20

Published 19 Jun, 2016 12:00am

BASF to buy Albemarle's Chemetall coatings division for $3.2 billion

German chemicals giant BASF said Friday it has agreed to purchase Chemetall, the surface treatment subsidiary of US group Albemarle, for $3.2 billion (2.8 billion euros). BASF added in its statement that "the transaction is subject to approval by the rele

Published 19 Jun, 2016 12:00am

Central banks ready to intervene in case of Brexit: ECB's Visco

Central banks are ready to intervene if Britain votes to leave the European Union (EU) at a referendum next week, ECB Governing Council member Ignazio Visco was quoted as saying on Saturday. The prospect of the closely-contested vote, which will help dete

Published 19 Jun, 2016 12:00am

California surpasses France as world's sixth-largest economy

California is now the sixth-largest economy in the world, surpassing France, thanks to a robust state economy and strong US dollar. California was the world's eighth-largest economy in 2014, Irena Asmundson, chief economist of the California Department of

Published 19 Jun, 2016 12:00am

US requires HeidelbergCement, Italcementi to divest US assets

German cement producer HeidelbergCement AG and Italian producer Italcementi SpA have agreed to divest some US assets to settle the Federal Trade Commission's charge that their proposed $4.2 billion merger would likely harm competition in the United States

Published 19 Jun, 2016 12:00am

Currency

Nine out of 10 Vancouver houses now worth more than C$1 million

More than 90 percent of all detached homes in Vancouver are now worth more than C$1 million ($772,141), up from just 19 percent a decade ago, a new study has found, showing how rapidly housing prices have escalated in the Canadian city. The biggest jump c

Published 19 Jun, 2016 12:00am

Brexit would turn UK into minor trading post: French minister

Britain would become a minor trading post with no more significance on the world stage than the island of Guernsey if it voted to leave the European Union in a referendum next week, France's economy minister was quoted as saying on Saturday. In an intervi

Published 19 Jun, 2016 12:00am

Currency

China's Xi highlights Serbia trade as Beijing signs 22 deals

China sought to strengthen its economic presence in central and eastern Europe on Saturday by signing 22 agreements on finance and infrastructure with Serbia. The deals, in areas such as currency swaps, renewable energy and highway construction, came duri

Published 19 Jun, 2016 12:00am

Currency

Banks, exchanges warn of difficult trading conditions around Brexit vote

Banks and stock exchanges are warning clients of difficult, volatile trading conditions in financial markets, flagging the risk of large gaps in pricing of assets when Britain votes next week on European Union membership. Such warnings have become more co

Published 19 Jun, 2016 12:00am

Greece could lift capital controls by year-end

Greece could lift most or all capital controls imposed at the height of the euro zone crisis by the end of the year, the head of the country's banking association said on Saturday. The controls, which restricted the amount of cash that can be withdrawn fr

Published 19 Jun, 2016 12:00am

Currency

Indian central bank chief in surprise move to step down

India's central bank governor Raghuram Rajan, who has faced criticism from members of the ruling party for keeping interest rates too high, stunned officials on Saturday by announcing he would step down when his term ends on September 4. Rajan, a former c

Published 19 Jun, 2016 12:00am

China developer Vanke buys Shenzhen Metro unit for $6.9 billion

China Vanke, the mainland's biggest property company by sales, said it will acquire a unit of Shenzhen Metro Group for 45.6 billion yuan ($6.9 billion) via a new share issue, making the state-owned subway operator its largest shareholder. The final purcha

Published 19 Jun, 2016 12:00am

Panama economy expands 4.6 percent in first quarter of 2016

Panama's economy grew 4.6 percent in the first quarter compared to the same period in 2015, the government said in a report on Friday. The Central American nation's quarterly economic expansion was driven by growth in financial services, construction, ele

Published 19 Jun, 2016 12:00am

Boeing deepens 737 assembly automation with new robotic system

Boeing is introducing a faster layer of automation into its 737 factory, adding a new robotic system to drill holes in the main beams inside each wing known as spars, industry sources said. The move deepens the US jetmaker's thrust into automation as it p

Published 19 Jun, 2016 12:00am

China home prices rise faster in May as smaller cities join rally

Sizzling home price rises in China's biggest cities showed signs of easing in May but sharp gains appeared to be spreading to smaller cities, making policymakers' job harder as they look to support the faltering economy without inflating bubbles. The reco

Published 19 Jun, 2016 12:00am

HSBC to pay $35 million to resolve yen Libor litigation in US

HSBC Holdings Plc will pay $35 million to end private US antitrust litigation claiming that it harmed investors by conspiring with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. Papers outlining the preliminary settlem

Published 19 Jun, 2016 12:00am

US, Canada report major differences in lumber dispute

Talks between the United States and Canada on a long-running dispute over softwood lumber exports have bogged down amid "significant differences," the two nations said on Friday, potentially paving the way for a fresh round of lawsuits. US producers compl

Published 19 Jun, 2016 12:00am

US sees China investment talks 'productive' after new offers: USTR

Bilateral investment talks between the United States and China "continue to be productive," the US Trade Representative's office said on Friday after the two sides exchanged new offers this week. A USTR spokeswoman said US and Chinese negotiators exchange

Published 19 Jun, 2016 12:00am

Oman bonds may be included in J.P Morgan index

In a year of comebacks in emerging markets, Oman returned to the international bond market for the first time in nearly 20 years last week with a US $2.5bn offering comprising five and 10-year notes. While the outcome was considered decent by bankers, the

Published 19 Jun, 2016 12:00am

Oman bonds may be included in J.P Morgan index

In a year of comebacks in emerging markets, Oman returned to the international bond market for the first time in nearly 20 years last week with a US $2.5bn offering comprising five and 10-year notes. While the outcome was considered decent by bankers, the

Published 19 Jun, 2016 12:00am

Junk bond covenants see sharpest fall ever: Moody's

The level of overall covenant protection in junk bonds saw its biggest one-month decline ever in May as the high-yield market underwent a strong rally, Moody's said on Tuesday. The rating agency, which measures covenant quality from a best of 1 to a worst

Published 19 Jun, 2016 12:00am

Junk bond covenants see sharpest fall ever: Moody's

The level of overall covenant protection in junk bonds saw its biggest one-month decline ever in May as the high-yield market underwent a strong rally, Moody's said on Tuesday. The rating agency, which measures covenant quality from a best of 1 to a worst

Published 19 Jun, 2016 12:00am

Bonds of Brazil phone carrier Oi jump on debt exchange terms

Prices of Oi SA bonds jumped on Friday after Brazil's most indebted wireless carrier laid out the terms of a restructuring proposal aimed at cutting 50 billion reais ($14.5 billion) in obligations by more than half. In a securities filing, Oi asked banks

Published 19 Jun, 2016 12:00am

Bonds of Brazil phone carrier Oi jump on debt exchange terms

Prices of Oi SA bonds jumped on Friday after Brazil's most indebted wireless carrier laid out the terms of a restructuring proposal aimed at cutting 50 billion reais ($14.5 billion) in obligations by more than half. In a securities filing, Oi asked banks

Published 19 Jun, 2016 12:00am

Currency

TSX rises as commodities rally; ends one percent lower for week

Canada's main stock index edged higher on Friday as commodities rallied and global worries about Britain voting to leave the European Union next week abated. Still, the index fell 1 percent for the week and has pulled back 3.8 percent from a recent 10-mon

Published 19 Jun, 2016 12:00am

Qatari bottled water firm Rayyan to list by end-2016

Qatar's largest local supplier of bottled water, Rayyan Water, plans a stock market flotation by the end of 2016, helping to diversify a bourse dominated by banks, real estate and insurance firms. It would be only the third new listing in Qatar since 2010

Published 19 Jun, 2016 12:00am

Qatari bottled water firm Rayyan to list by end-2016

Qatar's largest local supplier of bottled water, Rayyan Water, plans a stock market flotation by the end of 2016, helping to diversify a bourse dominated by banks, real estate and insurance firms. It would be only the third new listing in Qatar since 2010

Published 19 Jun, 2016 12:00am

Treasuries outlook: US yields rise as Brexit fears diminish

US benchmark Treasury yields rose on Friday for the first time in nearly two weeks as investors repriced the odds that Britons will vote next week to exit the European Union, and as UK politicians halted campaigning on the referendum following the killing

Published 19 Jun, 2016 12:00am

Treasuries outlook: US yields rise as Brexit fears diminish

US benchmark Treasury yields rose on Friday for the first time in nearly two weeks as investors repriced the odds that Britons will vote next week to exit the European Union, and as UK politicians halted campaigning on the referendum following the killing

Published 19 Jun, 2016 12:00am

Line Corp plans dual Tokyo, New York IPO, valuing firm at $5.5 billion

Line Corp on Friday said it plans to list shares in Tokyo and New York next month through an initial public offering (IPO) that would value the Japanese messaging app operator at 588 billion yen ($5.50 billion). Tokyo-headquartered Line said it could rais

Published 19 Jun, 2016 12:00am

Tech entrepreneur unveils plan for new stock market

A Silicon Valley entrepreneur said Monday he has begun working on a new kind of stock exchange which he says is better adapted to the fast-moving world of tech startups. Eric Ries, who has worked at several California startups and venture capital firms, s

Published 19 Jun, 2016 12:00am

China snubs MSCI after 'A' shares inclusion denial

China on Wednesday brushed off stock index firm MSCI's decision to exclude the country's A shares from its influential global equities index, saying that the gauge cannot be complete without the Chinese stocks. The country's markets were up by the close d

Published 19 Jun, 2016 12:00am

Angola's sovereign fund steps up local private equity push

Angola's $5 billion sovereign wealth fund is stepping up private equity investments at home and in sub-Saharan Africa as low commodity prices and currencies give it a cheap way in to hotel, farming and infrastructure projects, its chairman said. Jose Filo

Published 19 Jun, 2016 12:00am

Angola's sovereign fund steps up local private equity push

Angola's $5 billion sovereign wealth fund is stepping up private equity investments at home and in sub-Saharan Africa as low commodity prices and currencies give it a cheap way in to hotel, farming and infrastructure projects, its chairman said. Jose Filo

Published 19 Jun, 2016 12:00am

Wall Street ends week on down note as Apple weighs

Wall Street ended lower on Friday as Apple dragged down major indexes and investors girded for Britain's vote next week on its European Union membership. For the week, the three indexes each posted declines of at least 1 percent, with the Nasdaq falling n

Published 19 Jun, 2016 12:00am

Currency

African currencies week ahead: Nigerian naira to fall after open-market switch

The Nigerian naira is expected to fall next week as the country switches to a flexible, market driven exchange rate policy.

Published 19 Jun, 2016 12:00am

Currency

South Korea foreign currency bank deposits slip in May

South Korea's foreign currency bank deposits at end-May fell to their lowest level in three months, central bank data showed on Monday, falling by $5.19 billion to $56.85 billion. The Bank of Korea said the decline was mainly due to state-run businesses w

Published 19 Jun, 2016 12:00am

Currency

China should float yuan: Russian central banker tells CNBC

China should float its yuan currency even if there are no easy recipes for doing so, Ksenia Yudayeva, first deputy governor of the Russian central bank, told CNBC on Friday. Yudayeva also said that she and Deputy Finance Minister Sergei Storchak would vis

Published 19 Jun, 2016 12:00am

Currency

Daily currency volumes fall to $4.6 trillion a day as Brexit vote looms

Average daily volumes in the global currency market fell 7 percent in May from a month earlier, with traders citing uncertainty before Britain's vote on whether to stay in the European Union as one of the main factors for the drop. Daily volumes have alre

Published 19 Jun, 2016 12:00am

Currency

Naira to lose up to a third of its value

Nigeria's naira will lose around a third of its value after the central bank floats the currency and adopts a new market-driven trading regime on Monday, a Reuters poll found. The naira has been pegged at 197 to the US dollar for the past 16 months but th

Published 19 Jun, 2016 12:00am

Currency

Nigerian banks ask customers to submit bids ahead of naira float

Nigeria's commercial banks have asked customers to submit bids ahead of the start of new interbank foreign exchange trading on Monday, a senior banking source told Reuters on Saturday. The central bank said on Wednesday it would begin market-driven tradin

Published 19 Jun, 2016 12:00am

Currency

Sterling gains in New York as risk aversion abates before Brexit vote

Sterling rose by more than 1 percent against the US dollar on Friday as traders evaluated whether the killing of pro-EU British Member of Parliament Jo Cox may alter the balance of opinion in Britain's referendum on European Union membership. Cox was shot

Published 19 Jun, 2016 12:00am

ECB to launch new 50-euro banknote next year

The European Central Bank said Thursday it plans to issue a new 50-euro banknote early next year, as it gradually replaces all of its different notes currently in use. "The ECB and the national central banks of the euro area will unveil the new 'Europa' s

Published 19 Jun, 2016 12:00am

Currency

Speculators cut net shorts versus sterling, net longs in dollar

Currency speculators reduced their net short positions against the British pound in the latest week, ahead of a crucial vote about Britain's future in the European Union, according to data from the Commodity Futures Trading Commission released on Friday.

Published 19 Jun, 2016 12:00am

Currency

Venezuela's floating forex rate weakens past 600 bolivars/dollar

Venezuela's official floating exchange rate weakened past 600 bolivars per dollar on Thursday, the central bank said. The weaker tier of Venezuela's two-tiered currency controlled systems sells dollars for non-essential imports, while a preferential rate

Published 19 Jun, 2016 12:00am

Currency

Peso fall corners Mexico's central bank as outflows gain pace

A precipitous slump in the peso and flight by investors from Mexican debt have put Mexico's central bank on the horns of a dilemma as it considers whether to hike interest rates in an effort to stop the peso's slide or stand pat. Fund managers and analyst

Published 19 Jun, 2016 12:00am

Sterling may weaken 11 percent if Brexit occurs: Goldman

Sterling could slump 11 percent on a trade-weighted basis against a basket of major developed market currencies if Britain votes to leave the European Union on June 23, Goldman Sachs analysts said on Wednesday. If a "Brexit" happens, which traders fear wo

Published 19 Jun, 2016 12:00am

Currency

Canadian dollar strengthens against US counterpart

The Canadian dollar strengthened against its US counterpart on Friday as a selloff in oil and stocks ahead of Britain's EU membership vote next week abated, although gains for the loonie were limited by domestic data that showed slowing inflation.

Published 19 Jun, 2016 12:00am

Keys reaches Birmingham final

Madison Keys reached the Birmingham grass court final on Saturday and moved into the world top 10 for the first time with a 3-6, 6-3, 7-6 (7/3) win over Carla Suarez Navarro. Keys is the first US woman to debut in the top 10 since Serena Williams in 1999

Published 19 Jun, 2016 12:00am

Murray to face Raonic in Queen's final

Andy Murray moved a step closer to a record fifth Queen's Club title as the defending champion battled into the final with a 6-3, 4-6, 6-3 victory over Marin Cilic on Saturday. Murray was pushed hard by Cilic but eventually subdued the Croatian in a tense

Published 19 Jun, 2016 12:00am

Lukaku hits double as Belgium down Ireland

Romelu Lukaku silenced his critics with a brace as Belgium kick-started their Euro 2016 campaign by comfortably beating the Republic of Ireland 3-0 in Bordeaux on Saturday. After being frustrated by the Irish in the first half, Belgium broke through when

Published 19 Jun, 2016 12:00am

Morata double guides impressive Spain into last 16

Holders Spain became the first team to score more than two goals in a game at Euro 2016, beating Turkey 3-0 as Andres Iniesta shone again and forward Alvaro Morata answered his critics with a double. They also achieved their first objective, which was to

Published 19 Jun, 2016 12:00am

IOC backs IAAF decision to uphold Russian athlete ban

The International Olympic Committee (IOC) ended any slim hopes that Russian athletes might have had of competing at the Rio Games in August by backing the IAAF's decision to extend its ban on the country for systematic doping on Saturday. The IOC said in

Published 19 Jun, 2016 12:00am

Bangladesh cricketer Shuvo receives serious head injury

Bangladesh's international cricketer Suhrawadi Shuvo was hospitalised Saturday after he was hit on the neck by a bouncer during a domestic league match. Panic gripped local cricketers after the 27-year-old fell to the ground and was stretchered off as he

Published 19 Jun, 2016 12:00am

PCB praises Edhi Foundation

Abdul Sattar Edhi who has been running the Edhi Foundation for the better part of six decades, has received strong backing from the Pakistan Cricket Board which is now planning to sport the foundation logo on playing shirts for the one-day international a

Published 19 Jun, 2016 12:00am

Federer stunned by teen as Halle set for all-German final

Teenager Alexander Zverev caused a major shock as he beat eight-time winner and top seed Roger Federer in the Halle grasscourt semi-finals on Saturday. Error-strewn Federer's vulnerability on his favourite surface could perhaps be explained by a back inju

Published 19 Jun, 2016 12:00am

Rejuvenated Zimbabwe shock mighty India

Zimbabwe rose from the ashes of an embarrassing one-day series whitewash at the hands of India to shock the tourists by two runs in a thrilling Twenty20 international at Harare Sports Club on Saturday. In a game that went right down to the final delivery,

Published 19 Jun, 2016 12:00am

Japan backs Russia's Rio lockout

Japanese Olympic chiefs on Saturday backed a decision to ban Russian track and field athletes from this summer's Rio Games over doping claims, calling it a "strong warning" to drug cheats. World athletics ruling body the IAAF on Friday voted unanimously n

Published 19 Jun, 2016 12:00am

IBSF team for World 6-Red announced

President Pakistan Billiard and Snooker Association Alamgir A.Shaikh Saturday announced Pakistan team for the IBSF World 6-Red and Team Championship. The IBSF World 6-Red and Team Championship will be played from July 20-30 at Sharm-El-Sheikh, Egypt, said

Published 19 Jun, 2016 12:00am

Pakistani team leaves for England amid high hopes

The Pakistan cricket team has left the country for England for a series which includes four Tests, five one-day internationals and a Twenty20. Before departure at the Lahore Airport, the 42-year-old Misbah-ul-Haq says he is sanguine about the prospects of

Published 19 Jun, 2016 12:00am

Iraq forces hunt IS in Fallujah and eye Mosul

Iraqi forces hunted down holdout jihadists in Fallujah Saturday after retaking the city centre and trained their sights on Mosul, the Islamic State's last remaining major hub in the country. While not fully under government control yet, Fallujah is the la

Published 19 Jun, 2016 12:00am

'Death to traitors', British MP murder suspect tells court

British lawmaker Jo Cox's alleged killer ranted against "traitors" in court Saturday, as EU referendum campaigning was suspended for a third day in tribute to the slain MP. "Death to traitors, freedom for Britain," 52-year-old Thomas Mair said when asked

Published 19 Jun, 2016 12:00am

Hong Kong bookseller defies Beijing by leading protest

A Hong Kong bookseller who said he was blindfolded, interrogated and detained in China led a protest march Saturday defying Beijing as pressure grows for authorities to answer questions over the case. Lam Wing-kee is one of five booksellers who went missi

Published 19 Jun, 2016 12:00am

Currency

Hackers divert $50 million in blow to virtual currency

Hackers have diverted more than $50 million in digital currency from an experimental fund meant to demonstrate that such money is safe for use, according to the New York Times. The sum was stolen from a project called the Decentralized Autonomous Organiza

Published 19 Jun, 2016 12:00am

Currency

Hackers divert $50 million in blow to virtual currency

Hackers have diverted more than $50 million in digital currency from an experimental fund meant to demonstrate that such money is safe for use, according to the New York Times. The sum was stolen from a project called the Decentralized Autonomous Organiza

Published 19 Jun, 2016 12:00am

Two dead in Tajikistan prison break

A prison guard and prisoner were killed during a jailbreak by a trio of "Islamist" inmates in Tajikistan's north, police in the ex-Soviet country said Saturday. An interior ministry spokesman told AFP that prison guards in the city of Khujand opened fire

Published 19 Jun, 2016 12:00am

Teen hacks Pentagon websites, gets thanked for finding 'bugs'

High school student David Dworken spent 10 to 15 hours between classes on his laptop, hacking US Defense Department websites. Instead of getting into trouble, the 18-year-old who graduated this week was one of two people praised by Secretary of Defense As

Published 19 Jun, 2016 12:00am

SME delegation by Pakistan-Japan Business Forum to Japan

A 20 member delegation of medium sized industries of Pakistan Japan Business Forum (PJBF) led by Chairman Sohail P. Ahmed and Senior Vice Chairman Kimihiro Ushimaru, visited Japan for meeting respective companies from 23rd to 28th May. Pakistan Embassy in

Published 19 Jun, 2016 12:00am

Yemen's warring sides swap 194 prisoners in Taiz

Houthi and pro-government forces exchanged nearly 200 prisoners in Taiz in central Yemen on Saturday, the largest such swap to take place in the embattled city since the beginning of a civil war last year, local sources said. The exchange of 118 Houthis a

Published 19 Jun, 2016 12:00am

Afghan refugees already 'forgotten' before migrant crisis: UN

Displaced Afghans had already been "forgotten" by the international community before they began arriving in Europe en masse last year, UN refugee chief Filippo Grandi said on Saturday in Iran. Grandi, who on Friday began his first regional tour as the new

Published 19 Jun, 2016 12:00am

Countries slow to deliver promised peacekeeping contributions

Of the 46 countries that pledged to provide resources to maintain United Nations peace operations, 14 have failed completely or only partially kept their promises. In a United States-led initiative organized at a summit in September, dozens of countries v

Published 19 Jun, 2016 12:00am

Amid melting Arctic ice, Kerry sees looming climate catastrophe

Standing near Greenland's Jakobshavn glacier, the reputed source of the iceberg that sank the Titanic over a century ago, US Secretary of State John Kerry saw evidence of another looming catastrophe. Giant icebergs broken off from the glacier seemed to gr

Published 19 Jun, 2016 12:00am

Eight buried in Tibet landslide

Eight people have been buried in a landslide following heavy rain in eastern Tibet, Xinhua quoted local authorities as saying Saturday. Nine people were sheltering in a cave near a village in Medog county when the landslides occurred, the official Chinese

Published 19 Jun, 2016 12:00am

Germany slams Nato 'warmongering' on Russia

German Foreign Minister Frank-Walter Steinmeier has criticised Nato for having a bellicose policy towards Russia, describing it as "warmongering", the German daily Bild reported. Steinmeier pointed to the deployment of Nato troops near borders with Russia

Published 19 Jun, 2016 12:00am

UN chief urges end of migrant 'detention' in Greece

UN chief Ban Ki-Moon said Saturday that the "detention" of migrants who have arrived in Greece since March should cease immediately, as he visited the frontline of the migration crisis engulfing Europe. He made the comments after visiting two camps on the

Published 19 Jun, 2016 12:00am

George W. Bush ends exile, helps Republicans raise money

Former President George W. Bush had every intention of sticking to his self-imposed exile from politics, but found that the phone kept ringing with appeals from Republican US Senate candidates for help, friends say. As a result, Bush has embarked on a res

Published 19 Jun, 2016 12:00am

Three astronauts touch down after six months in space

Three astronauts including Briton Tim Peake landed back on Earth Saturday after completing a six-month mission on the International Space Station (ISS). Peake, the first British astronaut on the ISS, Russia's Yury Malenchenko and NASA's Tim Kopra parachut

Published 19 Jun, 2016 12:00am

Obama touts environmental record on family outing to national parks

President Barack Obama and the first family are celebrating America's cherished natural heritage, making a weekend tour marking the 100th anniversary of the nation's vaunted national park system. Obama, also using the occasion to tout his record on the en

Published 19 Jun, 2016 12:00am

Oman raises $2.5 billion in bonds to meet deficit

Oman has raised $2.5 billion in a bond sale arranged by five international banks to help meet its budget deficit resulting from low oil prices, the finance ministry said Saturday. The ministry, quoted by the Oman News Agency, said the sultanate's first in

Published 19 Jun, 2016 12:00am

Oman raises $2.5 billion in bonds to meet deficit

Oman has raised $2.5 billion in a bond sale arranged by five international banks to help meet its budget deficit resulting from low oil prices, the finance ministry said Saturday. The ministry, quoted by the Oman News Agency, said the sultanate's first in

Published 19 Jun, 2016 12:00am

Belgium anti-terror sweep over 'imminent' attack fears

Belgian police staged sweeping nationwide anti-terror raids and arrested 12 people, officials said Saturday, as security for 30 VIPs was reinforced over fears of an "imminent" attack. The alert came as thousands of people gathered across the country in fa

Published 19 Jun, 2016 12:00am

CM Punjab reviews project of PK<IRC

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting here Saturday which reviewed the matters regarding the project of Pakistan Kidney & Liver Transplant Institute and Research Center. Addressing the meeting, the Chief Minister

Published 19 Jun, 2016 12:00am

Clean drinking water supply project: Shahbaz reviews progress

Punjab Chief Minister Shahbaz Sharif presided over a high level meeting, here on Saturday, to review the progress of matters regarding the project of supply of clean drinking water to the citizens. Addressing the meeting, the Chief Minister said work had

Published 19 Jun, 2016 12:00am

Lawyer Naeem Bukhari joins PTI: Imran urges government to take opposition parties into confidence on ToRs

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Saturday warned the government to formulate the terms of reference (ToRs) by taking combined opposition parties onboard, for holding probe into Panama Leaks, or else 'it will be of no use to cry over s

Published 19 Jun, 2016 12:00am

Leaders of MAI join PTI

Leaders of Malir Awami Ittihad (Malir Public Alliance) along with 19 members of Union Councils (UCs) joined Pakistan Tehreek-e-Insaf on Saturday. Leaders of Jam Group and Malir Awami Ittihad Jam Abdul Karim, Jan Aalam Jamot, Tariq Aziz Baloch and 19 membe

Published 19 Jun, 2016 12:00am

Lyari expressway to be completed by end December: Commissioner

Commissioner Karachi Division Ejaz Ahmed Khan has said that the Lyari expressway from Merewether Tower to Sohrab Goth would be completed by end December to help ease traffic flow within city. Addressing the members of Pakistan Hosiery Manufacturers & Expo

Published 19 Jun, 2016 12:00am

AJK Legislative Assembly elections: lists of eligible candidates made public

Returning Officers of all 41 electoral constituencies of the 49-seat AJK Legislative Assembly on Saturday made public the lists of the eligible candidates after exercising scrutiny of the nomination papers by the deadline, for jumping into scheduled July

Published 19 Jun, 2016 12:00am

Iran hands over 110 deportees to Pakistan

Iranian security forces handed over 110 Pakistani nationals to Levies force on Pak-Iran borders in Taftan area of Chaghi district. According to Levies sources, on Saturday that these Pakistani workers had been arrested from different parts of Iran by Iran

Published 19 Jun, 2016 12:00am

Arrangements of Yom-e-Ali (RA) reviewed

Commissioner of Karachi, Aijaz Ahmed Khan on Saturday presided over a meeting and reviewed arrangements for Yom-e-Ali (R.A) on 21st Ramazan. The meeting decided to make foolproof security around Imam Bargahs, Mosques, and for Majalis and processions, said

Published 19 Jun, 2016 12:00am

Regulatory institutions: PBIF against appointment of representatives of 'brokers mafia'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that practice of appointing representatives of "brokers mafia" against important posts in the regulatory institution should be discouraged. Expressing satisfaction

Published 19 Jun, 2016 12:00am

'Government fully committed to promoting sports activities'

The Chief Secretary Sindh Muhammad Siddique Memon has said that the government fully committed to promote sports activities and provide health facilities to the youth of the province. To meet the commitment the government had doubled the budgetary allocat

Published 19 Jun, 2016 12:00am

'Sad demise' of Sattar Edhi: FO withdraws condolence message

Foreign Office had to withdraw a condolence message by Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on the "sad demise" of the country renowned philanthropist Abdul Sattar Edhi after it noticed that it was based on the wrong information.

Published 19 Jun, 2016 12:00am

FPCCI for comprehensive strategy towards building water reservoirs

Chairman Regional Standing Committee of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Ahmad Jawad, has said, "We need to develop a comprehensive strategy to build water reservoirs on priority basis to meet the production of agriculture

Published 19 Jun, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Oct 4	277.65
USD PKR Interbank Buying / Oct 4	277.45
USD to Japanese Yen / Oct 5	148.70
USD to Swiss Franc / Oct 5	0.86
Pound Sterling to USD / Oct 5	1.31
Euro to USD / Oct 5	1.10

Stock	Volume
S&P 500 / Oct 5	5,751.07
India Sensex / Oct 5	81,688.45
Tokyo Nikkei / Oct 5	38,635.62
Nasdaq / Oct 5	18,137.85
Hang Seng / Oct 5	22,736.87
FTSE 100 / Oct 5	8,280.63
Dow Jones / Oct 5	42,352.75
Germany DAX 30 / Oct 5	19,120.93

Item	Value
Petrol/Litre / Oct 5	247.03
Crude Oil USD/Barrel / Oct 5	74.38
Karachi Cotton PKR/37.32 KG / Oct 5	18,285
Gold 10 Grams PKR / Oct 5	237,401.20
Gold Spot USD/Ounce / Oct 5	2,653.60
Diesel/Litre / Oct 5	246.29

Stock	Price
786 Invest Ltd / Oct 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 5 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 5 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 5 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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