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Print - 2016-07-14
LHC staff asked to give donation to Edhi Foundation

LHC staff asked to give donation to Edhi Foundation

The city's top court chief justice has suggested his staff to donate to Edhi Foundation to honour philanthropist Abdul Sattar Edhi who died last week. Chief Justice Syed Mansoor Ali Shah, in a circular released on Wednesday, said, "The Lahore High Court m
Published 14 Jul, 2016 12:00am
Bales imported from India: Customs allowed to clear consignments
Cotton

Bales imported from India: Customs allowed to clear consignments

Ministry of Commerce has renewed the annual limit for import of cotton bales through land route ie Wagha border, and allowed the Customs to clear 14,686 stuck up bales imported from India. According to letter No 3(3)/2011-Imp-II, copy available with this
Published 14 Jul, 2016 12:00am
Bales imported from India: Customs allowed to clear consignments
Cotton

Bales imported from India: Customs allowed to clear consignments

Ministry of Commerce has renewed the annual limit for import of cotton bales through land route ie Wagha border, and allowed the Customs to clear 14,686 stuck up bales imported from India. According to letter No 3(3)/2011-Imp-II, copy available with this
Published 14 Jul, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 13, 2016)

Published 14 Jul, 2016 12:00am
Bales imported from India: Customs allowed to clear consignments
Cotton

Bales imported from India: Customs allowed to clear consignments

Ministry of Commerce has renewed the annual limit for import of cotton bales through land route ie Wagha border, and allowed the Customs to clear 14,686 stuck up bales imported from India. According to letter No 3(3)/2011-Imp-II, copy available with this
Published 14 Jul, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 13, 2016).

Published 14 Jul, 2016 12:00am
Bales imported from India: Customs allowed to clear consignments
Cotton

Bales imported from India: Customs allowed to clear consignments

Ministry of Commerce has renewed the annual limit for import of cotton bales through land route ie Wagha border, and allowed the Customs to clear 14,686 stuck up bales imported from India. According to letter No 3(3)/2011-Imp-II, copy available with this
Published 14 Jul, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 14 Jul, 2016 12:00am
Dar reviews PIA's matters

Dar reviews PIA's matters

Finance Minister Senator Ishaq Dar here on Wednesday chaired a meeting to review management and financial matters of Pakistan International Airlines (PIA) in the light of the revamping plan envisaged by the government. Secretary Aviation Division, Muhamma
Published 14 Jul, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 14 Jul, 2016 12:00am
Dar reviews PIA's matters

Dar reviews PIA's matters

Finance Minister Senator Ishaq Dar here on Wednesday chaired a meeting to review management and financial matters of Pakistan International Airlines (PIA) in the light of the revamping plan envisaged by the government. Secretary Aviation Division, Muhamma
Published 14 Jul, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 13, 2016).

Published 14 Jul, 2016 12:00am
Dar reviews PIA''s matters

Dar reviews PIA''s matters

Finance Minister Senator Ishaq Dar here on Wednesday chaired a meeting to review management and financial matters of Pakistan International Airlines (PIA) in the light of the revamping plan envisaged by the government. Secretary Aviation Division, Muhamma
Published 14 Jul, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (July 13, 2016) and the forecast for Thursday (July 14, 2016).

Published 14 Jul, 2016 12:00am
'Third marriage' of Imran: PTI files complaint against TV channels

'Third marriage' of Imran: PTI files complaint against TV channels

Pakistan Tehreek-e-Insaf (PTI) on Wednesday filed a complaint with Pakistan Electronic Media Regulatory Authority (Pemra) against television channels for airing news about purported third marriage of party chairman Imran Khan. A PTI delegation comprising
Published 14 Jul, 2016 12:00am
'Third marriage' of Imran: PTI files complaint against TV channels

'Third marriage' of Imran: PTI files complaint against TV channels

Pakistan Tehreek-e-Insaf (PTI) on Wednesday filed a complaint with Pakistan Electronic Media Regulatory Authority (Pemra) against television channels for airing news about purported third marriage of party chairman Imran Khan. A PTI delegation comprising
Published 14 Jul, 2016 12:00am
US Congress body for cutting off aid

US Congress body for cutting off aid

Some US lawmakers on Tuesday showed strong belligerence against Pakistan as they called for cutting financial aid and imposing sanctions on the country while prominent think tanks said it is time to consider putting Pakistan on the list of state sponsor o
Published 14 Jul, 2016 12:00am
US Congress body for cutting off aid

US Congress body for cutting off aid

Some US lawmakers on Tuesday showed strong belligerence against Pakistan as they called for cutting financial aid and imposing sanctions on the country while prominent think tanks said it is time to consider putting Pakistan on the list of state sponsor o
Published 14 Jul, 2016 12:00am
Poor governance a la PML (N) style

Poor governance a la PML (N) style

Chief ministers of provinces where PML-N is not in government - Sindh and Khyber Pakhtunkhwa (KPK) - representing parties that are ideologically opposed to each other in the first ever show of solidarity held a joint press conference and accused the feder
Published 14 Jul, 2016 12:00am
Iraq inquiry report

Iraq inquiry report

For quite some time, George W. Bush had been itching to invade Iraq - more for its oil than anything else - and the one most willing to join him was Tony Blair. To the utter delight of Israel and great disappointment of world leaders and frustration of th
Published 14 Jul, 2016 12:00am
VIEW POINT: Payback time for Blair?

VIEW POINT: Payback time for Blair?

The Chilcot inquiry report on the Iraq war released last Wednesday after seven long years of a probe into Britain's role in the war formally establishes what we have known all along: that the Bush-Blair duo invaded and occupied a sovereign state using fal
Published 14 Jul, 2016 12:00am
Global economic challenges

Global economic challenges

When bad politico-economic events happen, they cause huge financial market swings. Till recently, the global economy was in the midst of absorbing these events, however the falling prices of commodities, weaker capital flows and subdued global trade reduc
Published 14 Jul, 2016 12:00am
Republican Party fractured as Trump set to take mantle

Republican Party fractured as Trump set to take mantle

Many Republicans still think it's unlikely that Donald Trump will defeat Hillary Clinton in November and win the presidency. So, they are looking to salvage what they can on Election Day - the majority in both houses of Congress, they hope - and then look
Published 14 Jul, 2016 12:00am
Theresa introduced to husband by Benazir

Theresa introduced to husband by Benazir

The new British Prime Minister, Theresa May, was introduced to her husband by Benazir Bhutto. Like Britain's first female prime minister, Margaret Thatcher, Ms May was born into a middle-class family. She was educated at Oxford, where she belonged to the
Published 14 Jul, 2016 12:00am
US MIDDAY: gold recovers

US MIDDAY: gold recovers

Gold rose 1 percent on Wednesday, recovering from its lowest in nearly two weeks, as prospects for further economic stimulus helped to bolster investor appetite while the dollar remained flat. Accommodative monetary policies favour gold as well as equitie
Published 14 Jul, 2016 12:00am
US MIDDAY: soyabeans, corn and wheat up

US MIDDAY: soyabeans, corn and wheat up

US soyabean, corn and wheat futures rallied on Wednesday as bargain buyers stepped into the beaten-down grains market amid hints of fresh bullish news for all three commodities. Concerns about hot and dry weather cutting into US soyabean production fuelle
Published 14 Jul, 2016 12:00am
Oil down four percent; US stockpile data feeds glut warning

Oil down four percent; US stockpile data feeds glut warning

Oil markets tumbled more than 4 percent on Wednesday, erasing most of the previous session's gain, as a raft of bearish US inventory data heightened concerns about a global glut. US crude stockpiles fell less than expected last week, distillate inventorie
Published 14 Jul, 2016 12:00am
Cotton futures continue rally on speculative buying
Cotton

Cotton futures continue rally on speculative buying

ICE cotton futures continued their rally on Wednesday, supported by speculative buying, after soaring to their highest since July 2014 on Tuesday. On Wednesday, the December cotton contract on ICE Futures US settled up 2.37 cents, or 3.35 percent, at 73.1
Published 14 Jul, 2016 12:00am
India accused of 'genocide' in held Kashmir

India accused of 'genocide' in held Kashmir

Militants in Azad Kashmir accused New Delhi of "genocide" Wednesday, after days of clashes left 32 people dead and hundreds wounded on the Indian side of the heavily-militarised frontier. Up to 3,000 people gathered at a rally in the Muzaffarabad, where l
Published 14 Jul, 2016 12:00am
Pakistan-Bahrain bilateral political consultations held

Pakistan-Bahrain bilateral political consultations held

The inaugural session of Bilateral Political Consultations between Pakistan and Kingdom of Bahrain was held at Ministry of Foreign Affairs, Islamabad on 13 July, 2016. Additional Secretary (Middle East), Tasawar Khan led the Pakistani delegation. Bahraini
Published 14 Jul, 2016 12:00am
Seven suspects rounded up in Multan

Seven suspects rounded up in Multan

At least seven suspects were apprehended during a search operation conducted by the law enforcement agencies in different areas here on Wednesday. As per details, door to door search operation was carried out by police and intelligence agencies and arrest
Published 14 Jul, 2016 12:00am
Killings in AJK: PPP wants judicial inquiry: Khursheed

Killings in AJK: PPP wants judicial inquiry: Khursheed

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah said that Pakistan People's Party (PPP) wants a judicial inquiry into the killing of political workers in Azad Jammu and Kashmir (AJK) and wants that free fair and transparent electio
Published 14 Jul, 2016 12:00am
AJK observes Kashmir Martyrs Day

AJK observes Kashmir Martyrs Day

People across Azad Jammu & Kashmir and rest of the world observed the 86th Kashmir Martyrs Day on Wednesday. Seminars and meetings were the hallmark of the Kashmir Martyrs Day across Azad Jammu & Kashmir as well as at various places in the curfew-claimed
Published 14 Jul, 2016 12:00am
Hira Naz from remote Chitral area shines in AKU EB's SSC Exams

Hira Naz from remote Chitral area shines in AKU EB's SSC Exams

The Aga Khan University Examination Board has announced results of its Secondary and Higher Secondary School Certifications for the May 2016 examination session. This year, the Examination Board assessed students in 95 subjects across 23 cities in Pakista
Published 14 Jul, 2016 12:00am
'Awareness campaign launched to curb use of drugs'

'Awareness campaign launched to curb use of drugs'

The Youth Council for Antinarcotics has launched a public awareness campaign to strengthen drug demand reduction services in collaboration with the Colombo Plan, aiming to curb the use of drugs in schools, college and universities. The announcement came f
Published 14 Jul, 2016 12:00am
2773 schemes to be executed under ADP: Sindh chief minister

2773 schemes to be executed under ADP: Sindh chief minister

Sindh Chief Minister Syed Qaim Ali Shah has said that under the new Rs 200 billion Annual Development Programme 2773 schemes, including 1777 on-going would be completed well in time for which he directed to constitute a technical inspection team to ensure
Published 14 Jul, 2016 12:00am
2773 schemes to be executed under ADP: Sindh chief minister

2773 schemes to be executed under ADP: Sindh chief minister

Sindh Chief Minister Syed Qaim Ali Shah has said that under the new Rs 200 billion Annual Development Programme 2773 schemes, including 1777 on-going would be completed well in time for which he directed to constitute a technical inspection team to ensure
Published 14 Jul, 2016 12:00am
Sales tax, federal excise budget instructions issued

Sales tax, federal excise budget instructions issued

The Federal Board of Revenue (FBR) Wednesday issued Sales Tax and Federal Excise Budget Instructions (2016-17) to field formations for effective implementation of the taxation measures taken in budget 2016-17. According to the FBR, the section 56B of the
Published 14 Jul, 2016 12:00am
VC/s of SU, MUET hold meeting

VC/s of SU, MUET hold meeting

Vice Chancellor University of Sindh Professor Dr Muhammad Siddique Kalhoro on Wednesday held a meeting with the Vice Chancellor Mehran University of Engineering and Technology Jamshoro. According to the university spokesman, the two Vice-Chancellors discu
Published 14 Jul, 2016 12:00am
Six alleged terrorists killed in Punjab

Six alleged terrorists killed in Punjab

Police and security agencies have stepped up their operations against suspected terrorists in Punjab. At least six terrorists were killed and three were arrested in separate operations in Lahore and Okara on Wednesday. According to reports, Counter Terror
Published 14 Jul, 2016 12:00am
Islamabad-based service providers: FBR reduces sales tax to five percent

Islamabad-based service providers: FBR reduces sales tax to five percent

The Federal Board of Revenue (FBR) has reduced sales tax from 16 to 5 percent on certain services specified in the Schedule to Islamabad Capital Territory (Tax on Services) Ordinance, 2001 to facilitate Islamabad based service providers and encourage tax
Published 14 Jul, 2016 12:00am
Salaries & perks of MNAs: LHC seeks report from federal government

Salaries & perks of MNAs: LHC seeks report from federal government

The federal government has been told to launch a report by August 2 following an inter-court appeal challenging raised salaries and perks of National Assembly members. The order by a division bench of the Lahore High Court came on Wednesday after a single
Published 14 Jul, 2016 12:00am
Eradication of corruption vital for rapid development: NAB chief

Eradication of corruption vital for rapid development: NAB chief

Chairman National Accountability Bureau (NAB) Qamar Zaman Chaudhry on Wednesday said corruption is the biggest obstacle in the social and economic development of the country. He said that NAB is trying best to make Pakistan a corruption-free country so th
Published 14 Jul, 2016 12:00am
Bilawal condoles Edhi's death

Bilawal condoles Edhi's death

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari on Wednesday visited Edhi Centre and offered Fateha for the eternal peace of departed soul of Abdul Sattar Edhi. During his visit, he paid rich tributes to legendary philanthropist and said that his d
Published 14 Jul, 2016 12:00am
Missing MQM leader's case: SHC seeks comments

Missing MQM leader's case: SHC seeks comments

The Sindh High Court (SHC) on Wednesday sought comments from Director General Sindh Rangers, home secretary and SHO Gulberg police station on a petition seeking recovery of Muttahida Qaumi Movement (MQM) co-ordination committee's member Izhar-ud-din Ahmed
Published 14 Jul, 2016 12:00am
Rahat Fateh awarded: lifetime achievement shield by Oxford University

Rahat Fateh awarded: lifetime achievement shield by Oxford University

Pakistani singer Rahat Fateh Ali Khan has been awarded Lifetime Achievement Honorary Shield by Britain's Oxford University. In recognition of his artistic services and contribution to music, the prestigious university honoured him with the shield. During
Published 14 Jul, 2016 12:00am
Professor Inayatullah takes part in international moot in US

Professor Inayatullah takes part in international moot in US

Professor Dr Mohammad Inayatullah Khan Babar, Department of Electrical Engineering, UET Peshawar, participated in International Conference in Washington, USA. The conference was organised by Institute of Engineers and Researchers. Professor Dr Inayatullah
Published 14 Jul, 2016 12:00am
'Third marriage' of Imran: rumours may hit his political career

'Third marriage' of Imran: rumours may hit his political career

The personal life of Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has overshadowed his political career with majority of his admirers showing more interest in rumours of his marriage than seeing him as a seasoned politician of the country. Imran, wh
Published 14 Jul, 2016 12:00am
Members of 'Move on Pakistan' should be charged with treason: Aitzaz

Members of 'Move on Pakistan' should be charged with treason: Aitzaz

Pakistan People's Party (PPP) senior leader Senator Aitzaz Ahsan on Wednesday remarked that members of 'Move on Pakistan' should be arrested and charged with treason if the controversial posters were not placed by the government. The posters, which also a
Published 14 Jul, 2016 12:00am
Advertising scam SC asks Inam Akbar to appear before NAB today

Advertising scam SC asks Inam Akbar to appear before NAB today

The Supreme Court on Wednesday issued directives to Inam Akbar, the owner of an advertising company, to appear before the National Accountability Bureau (NAB), Karachi, on July 14 (today). A two-member bench of Chief Justice Anwar Zaheer Jamali and Justic
Published 14 Jul, 2016 12:00am
Dar chairs law review committee meeting

Dar chairs law review committee meeting

Finance Minister, Senator Ishaq Dar here on Wednesday chaired meeting of the Laws Review Committee. The meeting had detailed discussion on the legislation which is to be placed before the Parliament. Proposals regarding pending legislation in the pipeline
Published 14 Jul, 2016 12:00am
Free eye camp organised at Dogra hospital Bara

Free eye camp organised at Dogra hospital Bara

Directorate Health Services FATA organised free eye camp at Dogra Hospital Bara Khyber Agency to provide quality health services to patients having eye problems at their door steps. The camp was conducted under the effective supervision of Director Health
Published 14 Jul, 2016 12:00am
Suhail Aman highlights PAF's role in Zarb-e-Azb

Suhail Aman highlights PAF's role in Zarb-e-Azb

Chief of Air Staff Air Chief Marshal Suhail Aman on Wednesday said that Pakistan Air Force (PAF) is well equipped and an updated force. "Our feet are on ground," he told a questioner while a brief media chat here at Nur Khan Airbase on arrival of PAF's C-
Published 14 Jul, 2016 12:00am
Misbehaviour with MNA: Ministry told to suspend Post Services' officials

Misbehaviour with MNA: Ministry told to suspend Post Services' officials

Standing Committee on Rules of Procedure and Privileges has directed Ministry of Communications to immediately suspend Deputy Superintendent, Post Services Jhang region Aqleem Hussain Luk and Deputy Post Master General, Jhang Chaudhry Aslam and conduct an
Published 14 Jul, 2016 12:00am
Sheikha Rana appreciates Pakistan's role in fighting terrorism

Sheikha Rana appreciates Pakistan's role in fighting terrorism

Assistant Under-Secretary for Arab and Afro-Asian Affairs and head of a visiting Bahraini delegation Sheikha Rana Bint Isa Bin Daij Al Khalifa Wednesday praised the role of Pakistan in fighting terrorism. She conveyed appreciation of the Bahraini leadersh
Published 14 Jul, 2016 12:00am
SNGP KP region: Muqam expresses satisfaction over performance

SNGP KP region: Muqam expresses satisfaction over performance

Advisor to Prime Minister, Engr Ameer Muqam on Wednesday paid a surprise visit to SNGPL regional HQ in Khyber Pakhtunkhwa. He was briefed by GM, SNGPL Arbab Saqib no various development schemes of Sui Gas in the province. Engr. Ameer Muqam said that Sui G
Published 14 Jul, 2016 12:00am
Parliamentary team meets Member EU Parliament

Parliamentary team meets Member EU Parliament

Pakistani Parliamentary delegation visiting Brussels met with a British member of the European Parliament of Pakistan origin MEP Sajjad Karim and discussed implications of Brexit on UK, EU and Pakistan. Both sides agreed that Pakistan needs to open itself
Published 14 Jul, 2016 12:00am
Abdelilah extends good wishes to PM

Abdelilah extends good wishes to PM

Prime Minister of Morocco Abdelilah Benkirane has extended his good wishes for the early recovery and good health of Prime Minister Muhammad Nawaz Sharif. In his message, the Moroccan Prime Minister conveyed his pleasure over the successful cardiac surger
Published 14 Jul, 2016 12:00am
Floods caused $38 billion losses in last 68 years

Floods caused $38 billion losses in last 68 years

Pakistan has suffered a cumulative financial loss of more than US $38.165 billion due to floods during the past 68 years, but a comprehensive flood protection plan is yet to be formulated. According to a recent report of Federal Flood Commission, around 1
Published 14 Jul, 2016 12:00am
Easypaisa collaborates with Giftpoint.pk as online payment partner

Easypaisa collaborates with Giftpoint.pk as online payment partner

Easypaisa has announced its collaboration with Giftpoint.pk - a product of fintech company Innov8 - as an exclusive online payment partner. Giftpoint.pk is a unique new service offering a wide variety of international gift cards that are otherwise unavail
Published 14 Jul, 2016 12:00am
KP CM to inaugurate Swat Expressway on August 11

KP CM to inaugurate Swat Expressway on August 11

Chief Minister Khyber Pakhtunkhwa Pervez Khattak is set to formally inaugurate Swat Express Way on 11th of August. This was decided in a high level meeting chaired by him here today that was convened to sketch out the construction work on Swat Expressway
Published 14 Jul, 2016 12:00am
Khattak approves amendments in Police Reforms Act

Khattak approves amendments in Police Reforms Act

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has approved the certain amendments in the Police Reforms Act that opened the existing police Act out of the cocoon. The new amendments would be tabled in the provincial assembly for incorporation into the
Published 14 Jul, 2016 12:00am
Government prepares to avoid monsoon losses

Government prepares to avoid monsoon losses

The government has directed all the departments concerned to take appropriate steps to avert maximum life and property losses during monsoon season as 10-20 percent above the normal rains are expected. Federal Minister for Water and Power Khawaja Muhammad
Published 14 Jul, 2016 12:00am
FCCI chief voices concern over IHK situation

FCCI chief voices concern over IHK situation

President of Faisalabad Chamber of Commerce and Industry (FCCI), Chaudhary Muhammad Nawaz has expressed deep concern over the Indian atrocity in occupied Kashmir and said that deaths of 30 innocent Kashmiri youth within only three days should be an eye op
Published 14 Jul, 2016 12:00am
PIA ferried over 250,000 Umra pilgrims

PIA ferried over 250,000 Umra pilgrims

In Umra Season this year PIA transported a total of 254,803 passengers on its flights which included 375 extra flights in addition to the regular flight operation. During umrah season 2015, a total of 150,740 passengers had been transported on PIA flights
Published 14 Jul, 2016 12:00am
PPA concerned over low price of day-old chick

PPA concerned over low price of day-old chick

Parent stock farmers have voiced their concerns over extremely low prices of the day-old chick for the past two years. The concerns from the Pakistan Poultry Association (PPA) surfaced on Wednesday when it said in a statement, "The current day-old chick p
Published 14 Jul, 2016 12:00am
Largest online hotel inventory in Africa begins its iOS App in Asia

Largest online hotel inventory in Africa begins its iOS App in Asia

The largest online hotel inventory in Africa has officially launched its iOS App in Asia, which will further transform the way travellers book hotels online using their mobile devices. This is part of Jovago's drive to provide an exciting mobile user expe
Published 14 Jul, 2016 12:00am
Tokyo's Nikkei index just shy of pre-Brexit level

Tokyo's Nikkei index just shy of pre-Brexit level

Tokyo stocks rose for a third session Wednesday, ending just shy of levels seen before Britain's vote to leave the European Union sent markets into a nosedive last month. Banks and automakers led the gains as a weaker yen and a strong session on overseas
Published 14 Jul, 2016 12:00am
Sterling slips as attention turns to possible BoE rate cut
Currency

Sterling slips as attention turns to possible BoE rate cut

Sterling fell on Wednesday after two days of strong gains, as attention shifted away from the political picture in Britain and towards the prospect that the Bank of England could cut interest rates on Thursday. Sterling had rebounded sharply in the previo
Published 14 Jul, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.40-78.40 (previous 78.40-78.40).
Published 14 Jul, 2016 12:00am
Risk sentiment supports Asia FX
Currency

Risk sentiment supports Asia FX

Most emerging Asian currencies rose on Wednesday as risk sentiment improved on views of more economic stimulus, especially from Japan, and prospects of strong US economic growth. Malaysia's ringgit, however, slid ahead of the central bank's interest rate
Published 14 Jul, 2016 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Wednesday as a foreign bank sold dollars on behalf of investors keen to buy local bonds, dealers said, a day after the country's finance minister said the currency would rise on inflows from a sovereign bond issue. Sri
Published 14 Jul, 2016 12:00am
Dollar climbs against yen in New York
Currency

Dollar climbs against yen in New York

The dollar rose to its highest level against the yen in more than two weeks on Tuesday, as a rekindled appetite for risk continued to drive sentiment after Japan's ruling coalition won a weekend election. The election results drove expectations for new me
Published 14 Jul, 2016 12:00am
Early trade in New York: Dollar falls as risk appetite fades

Early trade in New York: Dollar falls as risk appetite fades

The dollar fell on Wednesday as risk appetite receded after big moves earlier in the week and following the announcement from the Bank of Canada that it would hold interest rates steady, a decision that may provide clues about future central bank action.
Published 14 Jul, 2016 12:00am
Yen under pressure in Europe
Currency

Yen under pressure in Europe

The yen lost ground on Wednesday, extending losses against the dollar after recording its biggest two-day fall in almost two years, as risk appetite bounced back in the European session. The safe-haven yen had tumbled 4 percent against the dollar since th
Published 14 Jul, 2016 12:00am
Yen recoups some losses in Asia

Yen recoups some losses in Asia

The yen clawed back some of this week's losses in Asian trading on Wednesday, after it sank to 2-1/2-week lows reached this week as the prospects for more economic stimulus in Japan helped bolster risk sentiment. The dollar slipped 0.5 percent to 104.20 y
Published 14 Jul, 2016 12:00am
FTSE eases from 11-month high as oil and housebuilders retreat

FTSE eases from 11-month high as oil and housebuilders retreat

Britain's top share index edged lower on Wednesday after climbing to an 11-month high in the previous session, with housebuilders giving up some of their recent gains and energy shares dragged lower by weaker oil prices. The FTSE real estate index edged 0
Published 14 Jul, 2016 12:00am
Southeast Asian stocks: Stimulus prospects buoy markets; Vietnam up

Southeast Asian stocks: Stimulus prospects buoy markets; Vietnam up

Southeast Asian stocks rallied on Wednesday in line with Asian peers as prospects of solid US growth and further monetary stimulus in major markets whetted investor risk appetite, with the Vietnam index hitting its highest in more than 8 years. "There is
Published 14 Jul, 2016 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares rose on Wednesday as weaker-than-expected China trade data reinforced investors' expectations that Beijing will roll out more stimulus in coming months. Financials and banks outperformed, accounting for around half of the Hang Seng's gain
Published 14 Jul, 2016 12:00am
European stocks steady after four days of gains

European stocks steady after four days of gains

European stocks edged lower on Wednesday after four straight sessions of gains to leave a benchmark regional index near its highest level in more than two weeks, with a drop in oil and gas shares weighing on the market. The pan-European STOXX 600 settled
Published 14 Jul, 2016 12:00am
China stocks up on stimulus hopes

China stocks up on stimulus hopes

China stocks closed higher on Wednesday as investors bet on further fiscal and monetary stimulus in the second half of 2016, following GDP data on Friday. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.3 percent to 3,282.
Published 14 Jul, 2016 12:00am
Indian shares nearly flat

Indian shares nearly flat

Indian shares ended unchanged on Wednesday, pausing after two sessions of gains that drove indexes to near 11-month highs, as investors opted for caution ahead of quarterly results. Uncertainty also prevailed in the market as investors await the governmen
Published 14 Jul, 2016 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields rose on Tuesday as expectations of new stimulus in Japan boosted stocks and reduced demand for safe haven bonds, and after the Treasury Department saw the weakest demand for 10-year notes at an auction in seven years. Japanese Prime Min
Published 14 Jul, 2016 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields rose on Tuesday as expectations of new stimulus in Japan boosted stocks and reduced demand for safe haven bonds, and after the Treasury Department saw the weakest demand for 10-year notes at an auction in seven years. Japanese Prime Min
Published 14 Jul, 2016 12:00am
Australian shares up, New Zealand eases

Australian shares up, New Zealand eases

Australian shares rose for a fifth straight day on Wednesday, aided by banking and resources stocks and by hopes of economic stimulus in some major countries, while New Zealand stocks backtracked from the previous day's record. The S&P/ASX 200 index was u
Published 14 Jul, 2016 12:00am
S&P and Dow hit records

S&P and Dow hit records

A broad rally lifted the S&P 500 and Dow industrials to record highs on Tuesday, with a sharp rebound in crude prices boosting energy shares, while the Nasdaq turned positive for the year. Cyclical sectors like technology, materials and energy posted the
Published 14 Jul, 2016 12:00am
Wednesday's early afternoon trade: record-setting rally peters out

Wednesday's early afternoon trade: record-setting rally peters out

US stocks took a breather on Wednesday, with investors turning their focus to corporate earnings reports to justify valuations following a three-day record-setting rally. A strong US jobs report on Friday, easing political tension in Japan and Britain and
Published 14 Jul, 2016 12:00am
US challenges China over raw materials duties at WTO

US challenges China over raw materials duties at WTO

The United States challenged China at the World Trade Organisation on Wednesday over Beijing's export duties on nine raw materials, alleging they give an unfair competitive advantage to Chinese companies. The Obama administration envoy announced the WTO f
Published 14 Jul, 2016 12:00am
Gaza crossing opening for goods

Gaza crossing opening for goods

A major crossing point between Gaza and Israel is set to reopen for the first time in nine years, the Israeli government announced Wednesday. "The Erez crossing point will again be open to goods entering Gaza" from Thursday, a spokesman for COGAT, the def
Published 14 Jul, 2016 12:00am
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