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Oct 09, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-08-07
Becoming full member of SCO: Accession to 30 agreements approved

Becoming full member of SCO: Accession to 30 agreements approved

Federal Cabinet has approved accession to 30 agreements without any amendment aimed at becoming full member of the Shanghai Co-operation Organisation (SCO), official sources told Business Recorder. The cabinet was informed at a recent meeting that
Published 07 Aug, 2016 12:00am
Fire kills 13 after birthday cake falls

Fire kills 13 after birthday cake falls

A fire swept through a bar in the northern French city of Rouen overnight, killing 13 people and injuring six, after a birthday cake with candles and sparklers fell to the floor and set the carpet ablaze, police said. The fire broke out in the basement of
Published 07 Aug, 2016 12:00am
Fire kills 13 after birthday cake falls

Fire kills 13 after birthday cake falls

A fire swept through a bar in the northern French city of Rouen overnight, killing 13 people and injuring six, after a birthday cake with candles and sparklers fell to the floor and set the carpet ablaze, police said. The fire broke out in the basement of
Published 07 Aug, 2016 12:00am
Counter-terrorism: China lauds CoAS' strong resolve

Counter-terrorism: China lauds CoAS' strong resolve

China highly appreciates Army Chief General Raheel Sharif's strong resolve and commitment towards counter-terrorism, ensuring peace and development in the region, official sources said here on Saturday. Referring to formation of four-country' group on cou
Published 07 Aug, 2016 12:00am
Counter-terrorism: China lauds CoAS' strong resolve

Counter-terrorism: China lauds CoAS' strong resolve

China highly appreciates Army Chief General Raheel Sharif's strong resolve and commitment towards counter-terrorism, ensuring peace and development in the region, official sources said here on Saturday. Referring to formation of four-country' group on cou
Published 07 Aug, 2016 12:00am
Rio's glittering opening launches Olympic

Rio's glittering opening launches Olympic

The Rio Olympics opening ceremony started with fireworks and laser lit choreography on Friday as Brazil sought to forget seven years of troubled preparations and the Olympic movement to temporarily put aside its doping crisis. Under the gaze of Rio's Chri
Published 07 Aug, 2016 12:00am
Rio's glittering opening launches Olympic

Rio's glittering opening launches Olympic

The Rio Olympics opening ceremony started with fireworks and laser lit choreography on Friday as Brazil sought to forget seven years of troubled preparations and the Olympic movement to temporarily put aside its doping crisis. Under the gaze of Rio's Chri
Published 07 Aug, 2016 12:00am
Syria rebels say Aleppo siege broken

Syria rebels say Aleppo siege broken

Syrian rebels said Saturday they have broken a three-week government siege of second city Aleppo, turning the tables on Russian-backed regime forces who are now on the defensive. To the north-east, a Western-backed alliance of Arab and Kurdish fighters sc
Published 07 Aug, 2016 12:00am
Syria rebels say Aleppo siege broken

Syria rebels say Aleppo siege broken

Syrian rebels said Saturday they have broken a three-week government siege of second city Aleppo, turning the tables on Russian-backed regime forces who are now on the defensive. To the north-east, a Western-backed alliance of Arab and Kurdish fighters sc
Published 07 Aug, 2016 12:00am
YOUR RUPEE LAST YEAR
Currency

YOUR RUPEE LAST YEAR

Following currency fluctuations took place in foreign exchange rates during the last month. (July 2, 2015 to June 30, 2016)

Published 07 Aug, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (August 06, 2016) and the forecast for Sunday (August 07, 2016).

Published 07 Aug, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 06, 2016).

Published 07 Aug, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (August 06, 2016)

Published 07 Aug, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 06, 2016).

Published 07 Aug, 2016 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (August 06, 2016).

Published 07 Aug, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (August 06, 2016).

Published 07 Aug, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 06, 2016).

Published 07 Aug, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 06, 2016).

Published 07 Aug, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Saturday as the rupee held overnight levels in the process of trading, dealers said. The rupee managed to sustain overnight levels against the dollar for buying and selling at Rs 106.00 and Rs 106.20 respectively,
Published 07 Aug, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Saturday as the rupee held overnight levels in the process of trading, dealers said. The rupee managed to sustain overnight levels against the dollar for buying and selling at Rs 106.00 and Rs 106.20 respectively,
Published 07 Aug, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (August 06, 2016).

Published 07 Aug, 2016 12:00am
Public Interest legislation

Public Interest legislation

Senate of Pakistan passed the following mostly Private Members Bill pertaining to matters of national and public interest. The Pakistan Penal Code (Amendment) Bill, 2014: to provide a stringent law to safeguard the sanctity of corpse and to ensure that cu
Published 07 Aug, 2016 12:00am
Democracy's Quest for a Future: Strengthening the Senate

Democracy's Quest for a Future: Strengthening the Senate

The revitalisation and rejuvenation of the role of the Senate since the unanimous election of Senator Raza Rabbani as its 9th Chairman in March 2015 recalls the popular advertisement aired on television channels: 'the difference of one'. It's an advertise
Published 07 Aug, 2016 12:00am
Zulfikar Ali Bhutto Senate Debates, April 2, 1974

Zulfikar Ali Bhutto Senate Debates, April 2, 1974

If you are to have federal constitution taking into account the composition of Pakistan, taking into account the geographical shape of Pakistan, taking into account the historical forces in Pakistan, it is absolutely necessary to have an Upper House to gi
Published 07 Aug, 2016 12:00am
Muhammad Hashim Ghilzai Senate Debates, April 2, 1974

Muhammad Hashim Ghilzai Senate Debates, April 2, 1974

My objective is that bi-cameral legislatures across provide for equal powers for both houses. Law empowers us to amend the rules in future to have the same powers for Senate as are currently for the National Assembly.
Published 07 Aug, 2016 12:00am
Habibullah Khan, Chairman Senate Senate Debates, April 2, 1974

Habibullah Khan, Chairman Senate Senate Debates, April 2, 1974

For ensuring fullest participation of the provinces in national affairs in the Federation and to create a judicious balance between the three organs of Government, the Senate has a positive role to play in furthering the cause of Parliamentary democracy a
Published 07 Aug, 2016 12:00am
Kamran Khan Senate Debates, August 6, 1973

Kamran Khan Senate Debates, August 6, 1973

Point of Order, sir. This House has not been constituted in accordance with the provisions of the constitution. I will refer to clause (2) of Article 59 which says: "Election to fill seats in the Senate allocated to each province shall be held in accordan
Published 07 Aug, 2016 12:00am
Dr Abdul Hayee Baloch NA Debates, March 19, 1973

Dr Abdul Hayee Baloch NA Debates, March 19, 1973

Sir, the amendment I have presented to the House is a simple amendment. It requires the changing of name only. As I have been telling the august House that different nations are residing in this state who have their own language and culture. Their languag
Published 07 Aug, 2016 12:00am
Abdul Wali Khan NA Debates, March 2, 1973

Abdul Wali Khan NA Debates, March 2, 1973

The purpose of that Senate is that they should have representative from the federating units sitting there as having equal representation, so that they could safeguard the interests of their own Provincial units. Now, in order to safeguard them that Senat
Published 07 Aug, 2016 12:00am
Excerpts from Speeches of Framers of Constitution and Founders of Senate

Excerpts from Speeches of Framers of Constitution and Founders of Senate

Senate is the most important introduction in this Constitution to provide for a truly and genuinely Federal form or Federal Constitution in the country notwithstanding the tremendous disparity in the population of various provinces ranging from 1.5 or 1.6
Published 07 Aug, 2016 12:00am
SENATE, THE GUARANTOR OF NATIONAL UNITY

SENATE, THE GUARANTOR OF NATIONAL UNITY

The state and nation building in ethnically diverse society like Pakistan requires careful crafting of national political institutions so that no part of the country is left without adequate representation in the state institutions. The reason is without
Published 07 Aug, 2016 12:00am
Message from Leader of the Opposition

Message from Leader of the Opposition

Senate's 44th Foundation Day: a trail of history leading to a House of Federation, the Senate of Pakistan, which today, keeping in view the concept of unity through diversity, provides for the blossoming of different cultures within the federation, so as
Published 07 Aug, 2016 12:00am
Message from Leader of the House

Message from Leader of the House

I felicitate the nation on Senate's 44th Foundation Day. This day belongs to the people of Pakistan who have struggled to achieve the fruits of democracy through participatory federalism. The Senate of Pakistan is making every endeavour to live up to the
Published 07 Aug, 2016 12:00am
Message from Deputy Chairman Senate

Message from Deputy Chairman Senate

In pursuance of the practice initiated in 2015, the House of Federation is observing this day to pay tribute to the unsung heroes of democracy; political workers and all common people of Pakistan who have sacrificed their lives and liberty to uphold the f
Published 07 Aug, 2016 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

I extend my heartiest felicitations to the people of Pakistan on the auspicious occasion of 44th Foundation Day of Senate of Pakistan. The Upper House is an integral part of the Parliament and its role in legislative framework of the country is highly pra
Published 07 Aug, 2016 12:00am
Message from Chairman Senate

Message from Chairman Senate

Senate of Pakistan came into existence on August 6, 1973, when members took oath of the office and signed the Roll of members. The Upper House was created as a result of a national consensus in view of the unique features of Pakistan's federation giving e
Published 07 Aug, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday, helped by limited farmer sales to the cash market, and spillover strength from Chicago soyaoil. November canola gained 90 cents at $446.90 per tonne. January canola added $1.40 at $453.50. November-January can
Published 07 Aug, 2016 12:00am
Indian soyabean, soyaoil fall on profit-taking

Indian soyabean, soyaoil fall on profit-taking

Indian soyabean and soyaoil futures dropped on Thursday as traders booked profits, while higher planting of the summer-sown oilseed also weighed on sentiment. The October soyabean contract on the National Commodity & Derivatives Exchange fell 0.5 percent
Published 07 Aug, 2016 12:00am
US FOB Gulf soya offers firm on strong demand

US FOB Gulf soya offers firm on strong demand

Export premiums for soyabeans shipped from the US Gulf Coast were steady to firm on Thursday, supported by strong demand from importers in China for mostly new-crop shipments, traders said. Chinese buyers on Thursday were inquiring about US soyabean offer
Published 07 Aug, 2016 12:00am
Asian gasoline cracks rise

Asian gasoline cracks rise

Asia's gasoline cracks rose 19 percent or 63 cents to reach its highest in a month at $3.96 a barrel as supplies were disrupted in Indonesia. Asia's top gasoline importer shut its 30,000 barrels per day (bpd) secondary gasoline refinery unit at Cilacap du
Published 07 Aug, 2016 12:00am
European wheat futures ease on large harvests

European wheat futures ease on large harvests

European wheat futures eased on Thursday as expectations of large harvests in US and Black Sea grain belts offset the prospect of severe yield losses in France. But cash premiums in Germany, the European Union's second largest wheat grower after France, w
Published 07 Aug, 2016 12:00am
Rice prices in Thailand, India fall on low demand

Rice prices in Thailand, India fall on low demand

The Asian rice export market was quiet this week, with prices in Thailand and India dropping on low demand, while Vietnam rice prices were unchanged, traders said. The prices of Thai 5-percent broken rice edged down to $410-$432 a tonne, FOB basis, this w
Published 07 Aug, 2016 12:00am
Cotton market: prices soar on rain, short supply
Cotton

Cotton market: prices soar on rain, short supply

Prices surged on the cotton market on Saturday amid limited buying by mills due to short supply, dealers said. The official spot rate was higher by Rs 125 to Rs 6,750, dealers said. In Sindh seed cotton prices were unchanged at Rs 3300 and Rs 3450 and in
Published 07 Aug, 2016 12:00am
Jordan tenders to buy wheat, barley

Jordan tenders to buy wheat, barley

Jordan's state grain buyer has issued new international tenders for 100,000 tonnes of hard milling wheat and 100,000 tonnes of animal feed barley to be sourced from optional origins, European traders said on Wednesday. The deadline for the wheat tender is
Published 07 Aug, 2016 12:00am
Freight rates for large capesize dry cargo to hold steady

Freight rates for large capesize dry cargo to hold steady

Freight rates for large capesize dry cargo ships on key Asian routes are set to remain around current levels next week as a lack of cargo and holidays in Asia subdued the chartering activity, ship brokers said. "Next week is likely to be a non-event," a S
Published 07 Aug, 2016 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Chicago Board of Trade wheat futures closed lower on Thursday, erasing most of the previous day's short-covering rally as traders returned their focus to plentiful global supplies. CBOT September wheat settled down 7 cents at $4.03-1/4 per bushel. K.C. ha
Published 07 Aug, 2016 12:00am
Persistent rain delays German wheat, rapeseed harvest

Persistent rain delays German wheat, rapeseed harvest

Persistent rain in recent days and weeks is delaying Germany's harvest, especially of wheat and rapeseed, creating uncertainty about the crop outcome, the Association of German Farmers said on Wednesday. Wheat harvesting started in mid-July in early areas
Published 07 Aug, 2016 12:00am
Indonesia's coffee premiums hold steady

Indonesia's coffee premiums hold steady

Steady global prices and sufficient supply of beans led to a slight rise in Indonesia's coffee premiums, while trade was slow in Vietnam as the harvest season drew to a close, traders said on Thursday. Premiums of Indonesian beans grade 4, 80 defects rang
Published 07 Aug, 2016 12:00am
China's steel, iron ore fall after rally to multi-week highs

China's steel, iron ore fall after rally to multi-week highs

Iron ore and steel futures in China pulled back further on Thursday after recent sharp gains that lifted both commodities to multi-week highs. Steel demand was slower following the recent spike in prices and there was no rush from Chinese mills to buy iro
Published 07 Aug, 2016 12:00am
US natural gas futures little changed

US natural gas futures little changed

US natural gas futures were little changed on Thursday as rising production expectations offset a federal report showing the first weekly summer storage withdrawal since 2006. In addition, traders noted the market was more focused on the mountain of gas r
Published 07 Aug, 2016 12:00am
US ethanol plants to sell biofuel to Brazil

US ethanol plants to sell biofuel to Brazil

US ethanol plants and traders are rushing to sell biofuel to Brazil as tightening supplies and logistics in the South American market give the world's top producer a rare opportunity to ship south during the peak sugar cane harvest, sources said. US ethan
Published 07 Aug, 2016 12:00am
Live and don't learn should be Asia rubber producers' motto

Live and don't learn should be Asia rubber producers' motto

There is a definite sense of deja vu in Asia's natural rubber markets, with the latest attempt of the major producers to boost prices seemingly fizzling after a spark of success. The most recent effort to boost the price of the commodity mainly used for v
Published 07 Aug, 2016 12:00am
Indonesian farmers launch class action over oil spill

Indonesian farmers launch class action over oil spill

Indonesian seaweed farmers launched a Aus$200 million class action Wednesday over a major oil spill in Australia, claiming the blow-out devastated their livelihoods. The spill in the Montara field in the Timor Sea, north of Australia, leaked thousands of
Published 07 Aug, 2016 12:00am
Japan, South Korea block certain US wheat varieties over GMO concerns

Japan, South Korea block certain US wheat varieties over GMO concerns

Japan and South Korea have both taken steps to block certain imports of US wheat after unapproved genetically-modified (GMO) plants from Monsanto Co seeds were found growing in Washington state, a spokeswoman for the US Department of Agriculture (USDA) sa
Published 07 Aug, 2016 12:00am
Nickel, zinc seen retreating by year-end after strong rallies

Nickel, zinc seen retreating by year-end after strong rallies

Prices of nickel and zinc, top performers among industrial metals in recent months, are overcooked and likely to retreat by the end of the year even though shortages are becoming more severe, a Reuters poll showed. While global deficits in both metals are
Published 07 Aug, 2016 12:00am
ICE sets five-for-one stock split, $1 billion share buyback

ICE sets five-for-one stock split, $1 billion share buyback

Intercontinental Exchange Inc, the owner of the New York Stock Exchange, announced a 5-for-1 stock split on Wednesday and said it would buy back up to $1 billion of shares. The company also reported a better-than-expected quarterly profit, as revenue from
Published 07 Aug, 2016 12:00am
Speculators boost bullish cotton bets to 8-1/2 year high
Cotton

Speculators boost bullish cotton bets to 8-1/2 year high

Speculators boosted their net long position in cotton contracts on ICE Futures US to their highest levels in 8-1/2 years in the week ended August 2, and slashed their cocoa net long to a 2-1/2 year low, US government data showed on Friday. They also cut r
Published 07 Aug, 2016 12:00am
Dryness trims North Dakota spring wheat yield prospects

Dryness trims North Dakota spring wheat yield prospects

Yield prospects for hard red spring wheat in southeast North Dakota were below average following a dry spell earlier this year, scouts on an annual crop tour said on Tuesday. The wheat crop in the southeastern corner of the state was developing one to two
Published 07 Aug, 2016 12:00am
Worries mount over swollen US refined beet sugar inventories

Worries mount over swollen US refined beet sugar inventories

Worries are mounting that beet sugar companies may default on US government loans as sugar inventories swell, heightening pressure on the US government to rework a 2014 trade pact with Mexico, experts said at an industry meeting on Monday. A default on lo
Published 07 Aug, 2016 12:00am
Australian farmers defer wheat sales, hope for La Nina-led price rally

Australian farmers defer wheat sales, hope for La Nina-led price rally

Australian farmers are holding on to their wheat stocks and refraining from locking in deals for future sales, on hopes a La Nina weather event later this year will dent global output and lift prices from current 10-year lows. With the global market curre
Published 07 Aug, 2016 12:00am
Hedge funds slash bullish bets on US crude oil at under $40

Hedge funds slash bullish bets on US crude oil at under $40

Hedge funds are holding their smallest bullish exposure to US crude oil since February, cutting net long positions after prices broke below the key $40-per-barrel support this week, data showed on Friday. Data from the US Commodity Futures Trading Commiss
Published 07 Aug, 2016 12:00am
Retrial set for Malaysia rape-marriage case

Retrial set for Malaysia rape-marriage case

A Malaysian rape suspect who married his 14-year-old victim to avoid jail will be brought back to court for a retrial, the accused's lawyer told AFP on Saturday. Ahmad Syukri Yusuf, 22, allegedly raped the girl, now 15, last year in a country where rape c
Published 07 Aug, 2016 12:00am
Colombian government and rebels agree on demobilization plan

Colombian government and rebels agree on demobilization plan

Colombia's government and leftist FARC rebels took another step toward ending more than a half century of conflict on Friday, agreeing on a UN-supervised security protocol, timetable and other details for disarming the estimated 9,000 guerrillas.
Published 07 Aug, 2016 12:00am
Casablanca building collapse kills two, woman missing

Casablanca building collapse kills two, woman missing

Rescuers on Saturday searched for a woman believed trapped under a building that collapsed in Morocco's economic capital Casablanca, killing two people and injuring 24, officials and witnesses said. The four-storey building in the Sbata district that came
Published 07 Aug, 2016 12:00am
Ethiopia's security forces use tear gas to disperse protests

Ethiopia's security forces use tear gas to disperse protests

Ethiopian security forces used tear gas and blocked roads in the capital Addis Ababa and other major towns on Saturday to try to quell protests against alleged rights abuses, a Reuters witness and residents said. The Horn of Africa country's Oromiya regio
Published 07 Aug, 2016 12:00am
South Sudan agrees to deployment of regional force

South Sudan agrees to deployment of regional force

South Sudan's government on Friday agreed to allow a regional protection force to be deployed in the country, a regional development group said, following fighting between rival groups last month in the country's capital, Juba. Such a force has been a key
Published 07 Aug, 2016 12:00am
Briton among seven held in Spain over child pornography

Briton among seven held in Spain over child pornography

Spanish police said Saturday they had arrested seven people, including a British teacher who lived in Barcelona, for sharing thousands of images and videos of child pornography online. The investigation kicked off last year when police received informatio
Published 07 Aug, 2016 12:00am
Stiglitz quits Panama Papers probe, cites lack of transparency

Stiglitz quits Panama Papers probe, cites lack of transparency

The committee set up to investigate lack of transparency in Panama's financial system itself lacks transparency, Nobel Prize-winning economist Joseph Stiglitz told Reuters on Friday after resigning from the "Panama Papers" commission. The leak in April of
Published 07 Aug, 2016 12:00am
Berkshire profit up 25 percent
Currency

Berkshire profit up 25 percent

Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition.
Published 07 Aug, 2016 12:00am
Berkshire profit up 25 percent
Currency

Berkshire profit up 25 percent

Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition.
Published 07 Aug, 2016 12:00am
Tesla Motors discloses $1.1 billion in third-quarter cash needs

Tesla Motors discloses $1.1 billion in third-quarter cash needs

Tesla Motors Inc on Friday disclosed $1.1 billion in third quarter cash requirements in payments and planned expenditures, about a third of the cash on hand mid-year, in a new sign of pressure on the electric vehicle maker. The company is finishing constr
Published 07 Aug, 2016 12:00am
Suez Canal revenues up

Suez Canal revenues up

Revenue from Egypt's Suez Canal reached $3.183 billion in the period between January 1 and August 6, 2016, up 4 percent from $3.059 billion in the same period last year, the Suez Canal Authority Chairman said on Saturday. Mohab Mameesh, who was speaking a
Published 07 Aug, 2016 12:00am
Philippines, Saudi Arabia to negotiate over stranded workers

Philippines, Saudi Arabia to negotiate over stranded workers

The Philippines said Saturday it would within days send government missions to Saudi Arabia to help thousands of jobless Filipinos left stranded across the kingdom after the plunge in oil prices. The first batch of officials would fly to Saudi Arabia on W
Published 07 Aug, 2016 12:00am
Yemen aims to stop central bank officials tapping state funds abroad

Yemen aims to stop central bank officials tapping state funds abroad

Yemen's government has asked international financial institutions to prevent central bank officials from accessing state funds held in overseas banks, the state-run sabanew.net news agency reported on Saturday. The move could exacerbate a humanitarian cri
Published 07 Aug, 2016 12:00am
Yemen aims to stop central bank officials tapping state funds abroad

Yemen aims to stop central bank officials tapping state funds abroad

Yemen's government has asked international financial institutions to prevent central bank officials from accessing state funds held in overseas banks, the state-run sabanew.net news agency reported on Saturday. The move could exacerbate a humanitarian cri
Published 07 Aug, 2016 12:00am
After ban, S&P returns to CMBS ratings

After ban, S&P returns to CMBS ratings

S&P rated a landmark CMBS deal that priced this week as the ratings agency came in from the cold following a two-year hiatus after allegations it misled investors. The company had been locked out of rating conduit commercial mortgage bond deals since June
Published 07 Aug, 2016 12:00am
After ban, S&P returns to CMBS ratings

After ban, S&P returns to CMBS ratings

S&P rated a landmark CMBS deal that priced this week as the ratings agency came in from the cold following a two-year hiatus after allegations it misled investors. The company had been locked out of rating conduit commercial mortgage bond deals since June
Published 07 Aug, 2016 12:00am
Nissan in talks with Panasonic, others to sell battery operations

Nissan in talks with Panasonic, others to sell battery operations

Nissan Motor Co is in talks with Panasonic Corp and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two people with knowledge of the matter said on Saturday t
Published 07 Aug, 2016 12:00am
Google executive quits self-driving car project

Google executive quits self-driving car project

Chris Urmson, who was instrumental in building Google's self-driving car project, said on Friday he is leaving the team after seven and a half years. Alphabet Inc's Google had named Urmson chief technical officer of the project after it hired former Hyund
Published 07 Aug, 2016 12:00am
More Wall Street banks see one 2016 rate hike after strong jobs data

More Wall Street banks see one 2016 rate hike after strong jobs data

More top Wall Street banks expect the Federal Reserve to raise US interest rates in 2016 after a strong July jobs report suggested a modest economic pick up in the second half following an anaemic first half, a Reuters poll conducted on Friday showed. Thi
Published 07 Aug, 2016 12:00am
Lufthansa, pilots' union extend pay talks

Lufthansa, pilots' union extend pay talks

German carrier Lufthansa and pilots' union Vereinigung Cockpit (VC) have extended talks again over pay and retirement terms to try to resolve a long-running dispute that has led to more than a dozen strikes. "Due to the high complexity and the scale, an a
Published 07 Aug, 2016 12:00am
Lao trade official rejects IMF view that currency too strong
Currency

Lao trade official rejects IMF view that currency too strong

Laos' currency is not over-valued, a trade ministry official said on Saturday, rejecting an IMF assessment that the kip was too strong for a country with a large current account deficit. The Asian Development Bank expects the external deficit to widen to
Published 07 Aug, 2016 12:00am
India's HDFC has appetite for more 'masala' bond deals
Currency

India's HDFC has appetite for more 'masala' bond deals

India's Household Development Finance Corporation aims to raise more money via so-called "masala" bonds after making its debut issue last month and other Indian companies may follow, the bank's executives said. HDFC raised 30 billion rupees on July 14 via
Published 07 Aug, 2016 12:00am
India's HDFC has appetite for more 'masala' bond deals
Currency

India's HDFC has appetite for more 'masala' bond deals

India's Household Development Finance Corporation aims to raise more money via so-called "masala" bonds after making its debut issue last month and other Indian companies may follow, the bank's executives said. HDFC raised 30 billion rupees on July 14 via
Published 07 Aug, 2016 12:00am
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