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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-09-05
Pope Francis proclaims Teresa a 'saint'

Pope Francis proclaims Teresa a 'saint'

Pope Francis on Sunday proclaimed Mother Teresa a "saint", hailing her work with the destitute of Kolkata as a beacon for mankind. The revered nun's elevation to Roman Catholicism's celestial pantheon came in a canonisation mass in St Peter's square presi
Published 05 Sep, 2016 12:00am
Pope Francis proclaims Teresa a 'saint'

Pope Francis proclaims Teresa a 'saint'

Pope Francis on Sunday proclaimed Mother Teresa a "saint", hailing her work with the destitute of Kolkata as a beacon for mankind. The revered nun's elevation to Roman Catholicism's celestial pantheon came in a canonisation mass in St Peter's square presi
Published 05 Sep, 2016 12:00am
Prime Minister to attend Security Council summit in US

Prime Minister to attend Security Council summit in US

Prime Minister Nawaz Sharif will visit United States of America on 16th September to attend the upcoming United Nations Security Council (UNSC) meeting. According to sources, PM Sharif will leave for the United States on 16th September to attend the forth
Published 05 Sep, 2016 12:00am
Prime Minister to attend Security Council summit in US

Prime Minister to attend Security Council summit in US

Prime Minister Nawaz Sharif will visit United States of America on 16th September to attend the upcoming United Nations Security Council (UNSC) meeting. According to sources, PM Sharif will leave for the United States on 16th September to attend the forth
Published 05 Sep, 2016 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

The rupee posted fresh gains against the dollar on the money market, during the week ended on September 03, 2016. In the interbank market, the rupee picked up 45 paisas against the dollar for buying and selling at Rs 104.43 and 104.48.
Published 05 Sep, 2016 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

The rupee posted fresh gains against the dollar on the money market, during the week ended on September 03, 2016. In the interbank market, the rupee picked up 45 paisas against the dollar for buying and selling at Rs 104.43 and 104.48.
Published 05 Sep, 2016 12:00am
Non-Bank Micro Finance Companies: SECP introduces new fee structure

Non-Bank Micro Finance Companies: SECP introduces new fee structure

The Securities and Exchange Commission of Pakistan (SECP) has introduced new fee structure for the Non-Bank Micro Finance Companies including Rs 250,000 fee for application for permission to form an NBFC; Rs 375,000 fee, application for license to underta
Published 05 Sep, 2016 12:00am
Non-Bank Micro Finance Companies: SECP introduces new fee structure

Non-Bank Micro Finance Companies: SECP introduces new fee structure

The Securities and Exchange Commission of Pakistan (SECP) has introduced new fee structure for the Non-Bank Micro Finance Companies including Rs 250,000 fee for application for permission to form an NBFC; Rs 375,000 fee, application for license to underta
Published 05 Sep, 2016 12:00am
Non-Bank Micro Finance Companies: SECP introduces new fee structure

Non-Bank Micro Finance Companies: SECP introduces new fee structure

The Securities and Exchange Commission of Pakistan (SECP) has introduced new fee structure for the Non-Bank Micro Finance Companies including Rs 250,000 fee for application for permission to form an NBFC; Rs 375,000 fee, application for license to underta
Published 05 Sep, 2016 12:00am
Non-Bank Micro Finance Companies: SECP introduces new fee structure

Non-Bank Micro Finance Companies: SECP introduces new fee structure

The Securities and Exchange Commission of Pakistan (SECP) has introduced new fee structure for the Non-Bank Micro Finance Companies including Rs 250,000 fee for application for permission to form an NBFC; Rs 375,000 fee, application for license to underta
Published 05 Sep, 2016 12:00am
May warns of 'difficult times' for UK economy

May warns of 'difficult times' for UK economy

Prime Minister Theresa May warned of possible "difficult times ahead" for Britain's economy in an interview screened Sunday as she sought to build post-Brexit trade ties at the G20 summit in China. Speaking to BBC television, May also ruled out a new gene
Published 05 Sep, 2016 12:00am
May warns of 'difficult times' for UK economy

May warns of 'difficult times' for UK economy

Prime Minister Theresa May warned of possible "difficult times ahead" for Britain's economy in an interview screened Sunday as she sought to build post-Brexit trade ties at the G20 summit in China. Speaking to BBC television, May also ruled out a new gene
Published 05 Sep, 2016 12:00am
May warns of ''difficult times'' for UK economy

May warns of ''difficult times'' for UK economy

Prime Minister Theresa May warned of possible "difficult times ahead" for Britain''s economy in an interview screened Sunday as she sought to build post-Brexit trade ties at the G20 summit in China. Speaking to BBC television, May also ruled out a new gen
Published 05 Sep, 2016 12:00am
Zareen given additional charge of CEO/MD NJHPC

Zareen given additional charge of CEO/MD NJHPC

Chairman Water and Power Development Authority (Wapda), Lieutenant-General Muzammil Hussain (retired) has given additional charge of Chief Executive Officer/Managing Director of Neelum Jehlum Hydropower Company (NJHPC) to Engineer Muhammad Zareen, Advisor
Published 05 Sep, 2016 12:00am
Zareen given additional charge of CEO/MD NJHPC

Zareen given additional charge of CEO/MD NJHPC

Chairman Water and Power Development Authority (Wapda), Lieutenant-General Muzammil Hussain (retired) has given additional charge of Chief Executive Officer/Managing Director of Neelum Jehlum Hydropower Company (NJHPC) to Engineer Muhammad Zareen, Advisor
Published 05 Sep, 2016 12:00am
Zareen given additional charge of CEO/MD NJHPC

Zareen given additional charge of CEO/MD NJHPC

Chairman Water and Power Development Authority (Wapda), Lieutenant-General Muzammil Hussain (retired) has given additional charge of Chief Executive Officer/Managing Director of Neelum Jehlum Hydropower Company (NJHPC) to Engineer Muhammad Zareen, Advisor
Published 05 Sep, 2016 12:00am
Modi raises CPEC with Xi?

Modi raises CPEC with Xi?

Indian Prime Minister Narendra Modi on Sunday met Chinese President Xi Jinping here amid differences between the two countries over a raft of issues, including the China-Pakistan Economic Corridor (CPEC), Indian media reported.
Published 05 Sep, 2016 12:00am
Modi raises CPEC with Xi?

Modi raises CPEC with Xi?

Indian Prime Minister Narendra Modi on Sunday met Chinese President Xi Jinping here amid differences between the two countries over a raft of issues, including the China-Pakistan Economic Corridor (CPEC), Indian media reported.
Published 05 Sep, 2016 12:00am
Modi raises CPEC with Xi?

Modi raises CPEC with Xi?

Indian Prime Minister Narendra Modi on Sunday met Chinese President Xi Jinping here amid differences between the two countries over a raft of issues, including the China-Pakistan Economic Corridor (CPEC), Indian media reported.
Published 05 Sep, 2016 12:00am
Equities undergo correction

Equities undergo correction

Showing a corrective trend, Pakistan equities tumbled 1.2 percent Week-on-Week (WoW) to close at 39,465 points during the week which ended on Friday. Daily trading volume averaged 60 percent higher on 371.7 million shares the value of which appreciating 2
Published 05 Sep, 2016 12:00am
Equities undergo correction

Equities undergo correction

Showing a corrective trend, Pakistan equities tumbled 1.2 percent Week-on-Week (WoW) to close at 39,465 points during the week which ended on Friday. Daily trading volume averaged 60 percent higher on 371.7 million shares the value of which appreciating 2
Published 05 Sep, 2016 12:00am
Equities undergo correction

Equities undergo correction

Showing a corrective trend, Pakistan equities tumbled 1.2 percent Week-on-Week (WoW) to close at 39,465 points during the week which ended on Friday. Daily trading volume averaged 60 percent higher on 371.7 million shares the value of which appreciating 2
Published 05 Sep, 2016 12:00am
Xi says world economy at risk
Currency

Xi says world economy at risk

The global economy is being threatened by rising protectionism and risks from highly leveraged financial markets, Chinese President Xi Jinping said at the open of a two-day summit of leaders from G20 nations.
Published 05 Sep, 2016 12:00am
Xi says world economy at risk
Currency

Xi says world economy at risk

The global economy is being threatened by rising protectionism and risks from highly leveraged financial markets, Chinese President Xi Jinping said at the open of a two-day summit of leaders from G20 nations.
Published 05 Sep, 2016 12:00am
Xi says world economy at risk
Currency

Xi says world economy at risk

The global economy is being threatened by rising protectionism and risks from highly leveraged financial markets, Chinese President Xi Jinping said at the open of a two-day summit of leaders from G20 nations.
Published 05 Sep, 2016 12:00am
PTI dissidents to hold convention in Peshawar after Eid

PTI dissidents to hold convention in Peshawar after Eid

The dissidents in Pakistan Tehreek-e-Insaf (PTI) on Sunday announced that they will hold workers' convention in Peshawar after Eid-ul-Adha what they described as an attempt to expose 'opportunists' in the party and to woo back die-hard workers.
Published 05 Sep, 2016 12:00am
Defence Day to be celebrated with national spirit

Defence Day to be celebrated with national spirit

Defence Day of Pakistan will be celebrated with usual enthusiasm and national spirit in Sialkot district on September 6. The daylong programmes would be started with special prayers for the unity, prosperity and solidarity of the country as well as early
Published 05 Sep, 2016 12:00am
CIIT training workshop concludes

CIIT training workshop concludes

Under the auspices of COMSATS Institute of Information Technology (CIIT), training workshop on the topic of "Managed Pakistan: Today's Need, Tomorrow's Solution" concluded here Sunday. The training workshop was attended by business administration faculty
Published 05 Sep, 2016 12:00am
Israel hits Syria army after Golan mortar fire

Israel hits Syria army after Golan mortar fire

The Israeli air force hit Syrian government forces after mortar fire from its war-wracked neighbour struck the Israeli-held zone of the Golan Heights on Sunday, the military said. It said in a statement that "mortar fire" from Syria hit an open area witho
Published 05 Sep, 2016 12:00am
First Putin-May moot 'constructive': Kremlin

First Putin-May moot 'constructive': Kremlin

Russian President Vladimir Putin held talks with British Prime Minister Theresa May for the first time Sunday, telling her Russia wants to re-establish ties in all areas, the Kremlin said.
Published 05 Sep, 2016 12:00am
UAE eases visas for Chinese visitors

UAE eases visas for Chinese visitors

Chinese visitors to the United Arab Emirates will now be granted visas on arrival, the Gulf state's prime minister announced on Sunday, in a new bid to boost tourism. China, the world's second-largest economy, has a burgeoning and increasingly prosperous
Published 05 Sep, 2016 12:00am
204 weapon dealers: FBR starts process of collecting import data

204 weapon dealers: FBR starts process of collecting import data

The Federal Board of Revenue (FBR) has started process of collecting import data of 204 commercial importers of arms and ammunition and dealers to check the numbers and types of arms/ammunition imported into Pakistan during past few years. In this regard,
Published 05 Sep, 2016 12:00am
204 weapon dealers: FBR starts process of collecting import data

204 weapon dealers: FBR starts process of collecting import data

The Federal Board of Revenue (FBR) has started process of collecting import data of 204 commercial importers of arms and ammunition and dealers to check the numbers and types of arms/ammunition imported into Pakistan during past few years. In this regard,
Published 05 Sep, 2016 12:00am
204 weapon dealers: FBR starts process of collecting import data

204 weapon dealers: FBR starts process of collecting import data

The Federal Board of Revenue (FBR) has started process of collecting import data of 204 commercial importers of arms and ammunition and dealers to check the numbers and types of arms/ammunition imported into Pakistan during past few years. In this regard,
Published 05 Sep, 2016 12:00am
PTI 'founders' group' seeks Khattak's, Tareen's expulsion

PTI 'founders' group' seeks Khattak's, Tareen's expulsion

The PTI's 'founders group' on Sunday urged party's chairman Imran Khan to sack Chief Minister Khyber Pakhtunkhwa Pervez Khattak, central secretary general Jahangir Tareen and others for corruption charges against them.
Published 05 Sep, 2016 12:00am
PTI 'founders' group' seeks Khattak's, Tareen's expulsion

PTI 'founders' group' seeks Khattak's, Tareen's expulsion

The PTI's 'founders group' on Sunday urged party's chairman Imran Khan to sack Chief Minister Khyber Pakhtunkhwa Pervez Khattak, central secretary general Jahangir Tareen and others for corruption charges against them.
Published 05 Sep, 2016 12:00am
Gwadar port: submarine cable landing station planned

Gwadar port: submarine cable landing station planned

Chairman National Telecommunication Corporation (NTC) Viqar Rashid Khan said the corporation has started a process to establish submarine cable landing station at the Gwadar deep sea port. "Laying of optical fiber cable (OFC) to start connectivity from Sh
Published 05 Sep, 2016 12:00am
Gwadar port: submarine cable landing station planned

Gwadar port: submarine cable landing station planned

Chairman National Telecommunication Corporation (NTC) Viqar Rashid Khan said the corporation has started a process to establish submarine cable landing station at the Gwadar deep sea port. "Laying of optical fiber cable (OFC) to start connectivity from Sh
Published 05 Sep, 2016 12:00am
Gwadar port: submarine cable landing station planned

Gwadar port: submarine cable landing station planned

Chairman National Telecommunication Corporation (NTC) Viqar Rashid Khan said the corporation has started a process to establish submarine cable landing station at the Gwadar deep sea port. "Laying of optical fiber cable (OFC) to start connectivity from Sh
Published 05 Sep, 2016 12:00am
Hong Kong goes to polls

Hong Kong goes to polls

Young Hong Kong independence activists calling for a complete break from China stood for the first time Sunday in city-wide legislative elections, the biggest polls since mass pro-democracy protests in 2014.They were fighting for seats in the Legislative
Published 05 Sep, 2016 12:00am
Hong Kong goes to polls

Hong Kong goes to polls

Young Hong Kong independence activists calling for a complete break from China stood for the first time Sunday in city-wide legislative elections, the biggest polls since mass pro-democracy protests in 2014.They were fighting for seats in the Legislative
Published 05 Sep, 2016 12:00am
Hizb chief warns Indian troops against atrocities in held Kashmir

Hizb chief warns Indian troops against atrocities in held Kashmir

Hizbul Mujahideen chief, Syed Salahuddin has warned Indian troops for their atrocities against Kashmiri people and warned that if they did not stop the massacre of Kashmiris, he would train more Kashmiri suicide bombers to take Kashmiris freedom struggles
Published 05 Sep, 2016 12:00am
'Sit-in politics' caused huge loss to country: CM

'Sit-in politics' caused huge loss to country: CM

Punjab Chief Minister Muhammad Shahbaz Sharif has said that attempt to stop the process of progress and prosperity for the sake of personal interest is tantamount to enmity to the country. He said that sit-in politics also caused a huge loss to the countr
Published 05 Sep, 2016 12:00am
'Punjab is polio-free'

'Punjab is polio-free'

"Due to the better micro-planning and strategy anti polio campaigns have remained successful and Punjab, so far is a polio free province besides a lot of improvement has been made in routine immunisation coverage, Secretary Primary and Secondary Health Pu
Published 05 Sep, 2016 12:00am
FPCCI for clusters of cottage industry alongside CPEC

FPCCI for clusters of cottage industry alongside CPEC

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Sunday called for establishment of a cluster for cottage industry along the CPEC after every 300 kilometres to boost the economy. It has also demanded additional steps from promotion o
Published 05 Sep, 2016 12:00am
Give us electricity at Rs 8 per unit: MCCI chief

Give us electricity at Rs 8 per unit: MCCI chief

President of Multan Chamber of Commerce & Industry (MCCI) Fareed Mughis Sheikh demanded of the Government to generate the cheapest energy to ensure the availability of electricity at Rs8 per unit and gas at Rs600 MMBTU, including all taxes and Gas Infrast
Published 05 Sep, 2016 12:00am
Anti-state elements should not be given a free hand: Elahi

Anti-state elements should not be given a free hand: Elahi

Pakistan Muslim League -Q senior leader Chaudhry Parvez Elahi has said that the anti-State elements should not be given free hand only because they are with the Prime Minister and in his government. He said circumstances have changed for Nawaz Sharif, eve
Published 05 Sep, 2016 12:00am
Traders condemn Mardan court attack

Traders condemn Mardan court attack

The business community has strongly condemned suicide attack at the district courts of Mardan and killing 14 people including four lawyers and two cops and expressed sympathies with the affected families. They also expressed solidarity with legal fraterni
Published 05 Sep, 2016 12:00am
Educational institutions: FCCI lauds Commissioner's performance

Educational institutions: FCCI lauds Commissioner's performance

President Faisalabad Chamber of Commerce and Industry (FCCI), Chaudhry Muhammad Nawaz, has expressed satisfaction over the performance of three prime educational institutions supervised by Momim Agha Commissioner, Faisalabad Division.
Published 05 Sep, 2016 12:00am
World Bank-funded projects: progress reviewed

World Bank-funded projects: progress reviewed

A World Bank delegation held a meeting with Chief Minister Shahbaz Sharif and reviewed progress of programmes continuing with the cooperation of World Bank in education, health and other sectors in the province. Shahbaz Sharif said the World Bank is an im
Published 05 Sep, 2016 12:00am
'Pakistan should honour Pak-Iran gas pipeline project'

'Pakistan should honour Pak-Iran gas pipeline project'

The business community of Southern Punjab urged upon the government to take measures for enhancing exports to Iran so that dreams of the Iranian president Hassan Rouhani could come true who wanted to increase the bilateral trade between Pakistan-Iran to $
Published 05 Sep, 2016 12:00am
Horticultural exports: MCCI foresees positive impact of Brexit

Horticultural exports: MCCI foresees positive impact of Brexit

Multan Chamber of Commerce and Industry (MCCI) said on Sunday that Brexit was likely to have a positive impact on Pakistan's horticultural exports to Europe and particularly to the UK in the long-term and farmers of South Punjab would be able to earn maxi
Published 05 Sep, 2016 12:00am
140 companies issued licences to manufacture herbal products

140 companies issued licences to manufacture herbal products

Over 4,500 out of 10,000 applications for registration of herbal companies have been rejected by the Drug Regulatory Authority Pakistan (DRAP) and only 140 licences have been issued to pharma companies to manufacture herbal products. Till last date for re
Published 05 Sep, 2016 12:00am
Role of KP police in war against terrorism praised

Role of KP police in war against terrorism praised

Participants at a seminar have termed the unprecedented sacrifices made by the Khyber Pakhtunkhwa police in war on terror earned them respect among the general public. The dialogue on KP police reforms is part of a project 'Ulasi Police', which is an awar
Published 05 Sep, 2016 12:00am
All set to hold PTI rally in Karachi on September 6

All set to hold PTI rally in Karachi on September 6

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Sunday has announced to hold rally in Karachi's Nishtar Park on September 6. Imran Khan would leave for Karachi on a two-day visit Monday to attend 'Pakistan Zindabad' rally on Tuesday.
Published 05 Sep, 2016 12:00am
Another Congo virus case detected in Balochistan

Another Congo virus case detected in Balochistan

A 14-year-old boy has been tested positive who was admitted to Fatima Jinnah Chest and TB Hospital Quetta after Congo virus was found in his blood samples sent to Aga Khan Hospital Laboratory Karachi and number of patients infected with Congo virus in Bal
Published 05 Sep, 2016 12:00am
Tourism, hotel industry growing at fast pace: COTHM

Tourism, hotel industry growing at fast pace: COTHM

College of Tourism and Hotel Management (COTHM) Karachi held its second Annual Convocation at the Finance and Trade Centre (FTC) Auditorium here on Sunday. Certificates, awards and medals were distributed to 100 graduating students, position holders, facu
Published 05 Sep, 2016 12:00am
Eid-ul-Azha: IGP for emergency plan

Eid-ul-Azha: IGP for emergency plan

Inspector General of Police (IGP), Sindh, A.D. Khawaja, on Sunday directed the officers for maintenance of security contingency plan be prepared for the coming Eid ul Azha. He further instructed that for the security measures all the stakeholders should b
Published 05 Sep, 2016 12:00am
Commissioner visits Zulfiqarabad Oil Tankers Terminal

Commissioner visits Zulfiqarabad Oil Tankers Terminal

Following the directives of Supreme Court, Commissioner of Karachi, Aijaz Ahmed Khan paid a visit to Zulfiqarabad Oil Tanker Terminal and reviewed the facilities at terminal. The Commissioner said the Zulfiqarabad Oil Tanker Terminal is an important proje
Published 05 Sep, 2016 12:00am
To Iranian eyes, Kurdish unrest spells Saudi incitement

To Iranian eyes, Kurdish unrest spells Saudi incitement

A decision by a Kurdish opposition group to take up arms against Iranian authorities has senior officials in Tehran worrying that Saudi Arabia is seeking to undermine its stability in a deepening of their regional rivalry.
Published 05 Sep, 2016 12:00am
Delhi's former women's minister arrested on rape charge

Delhi's former women's minister arrested on rape charge

The former women's minister of the Indian capital - who was sacked over a "sex tape" - has now been arrested following a claim by a woman shown in the tape that he raped her, an investigator said Sunday. Sandeep Kumar was arrested on Saturday, days after
Published 05 Sep, 2016 12:00am
Sarkozy warns against conservative party division

Sarkozy warns against conservative party division

Nicolas Sarkozy said on Sunday that party unity was the key to victory for his Les Republicains party in France's 2017 presidential election. At the same time, though, he mocked a call by Alain Juppe, his main rival, for a code of good conduct in the camp
Published 05 Sep, 2016 12:00am
Lionrock death toll at 17 as Japan braces for new typhoon

Lionrock death toll at 17 as Japan braces for new typhoon

The death toll from Typhoon Lionrock has risen to 17 in Japan, with several people still missing, and officials said Sunday a new storm threatens the country's south-west. Two more deaths were confirmed Sunday from the major typhoon which hit northern Jap
Published 05 Sep, 2016 12:00am
Violence erupts as Native Americans resist oil pipeline

Violence erupts as Native Americans resist oil pipeline

Protesters camping near Native American lands in North Dakota to resist the construction of an oil pipeline, clashed late Saturday with construction company workers who they say destroyed ancient sites.
Published 05 Sep, 2016 12:00am
Germany's anti-migrant populists beat Merkel's party

Germany's anti-migrant populists beat Merkel's party

Germany's anti-migrant populists made a strong showing at Sunday's state polls, scoring ahead of Chancellor Angela Merkel's party as voters punish the German leader over her liberal refugee policy.
Published 05 Sep, 2016 12:00am
Mugabe says judges reckless for allowing protests

Mugabe says judges reckless for allowing protests

Zimbabwean President Robert Mugabe has accused court judges of being reckless in allowing anti-government demonstrations that later turned violent, state media reported on Sunday, a day before a legal challenge to last week's official ban on protests.
Published 05 Sep, 2016 12:00am
Sri Lanka seeks more time for ethnic reconciliation

Sri Lanka seeks more time for ethnic reconciliation

President Maithripala Sirisena Sunday pleaded for more time to bring about reconciliation and ensure accountability seven years after Sri Lanka's ethnic war that claimed over 100,000 lives. Sirisena said he urged United Nations Secretary-General Ban Ki-mo
Published 05 Sep, 2016 12:00am
Swiss central bank steps up stock buying spree
Currency

Swiss central bank steps up stock buying spree

Switzerland's central bank now owns more publicly-traded shares in Facebook than Mark Zuckerberg, part of a mushrooming stock portfolio that is likely to grow yet further. The tech giant's founder and CEO has other ways to control his company: Zuckerberg
Published 05 Sep, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.40).
Published 05 Sep, 2016 12:00am
Global funds flee UK assets post-Brexit, seek out EMs

Global funds flee UK assets post-Brexit, seek out EMs

Global investors cut their UK equity and bond exposure in August in the wake of Britain's vote to leave the European Union and sought out higher-yielding emerging markets in reaction to Western central banks' loose monetary policies.
Published 05 Sep, 2016 12:00am
Global funds flee UK assets post-Brexit, seek out EMs

Global funds flee UK assets post-Brexit, seek out EMs

Global investors cut their UK equity and bond exposure in August in the wake of Britain's vote to leave the European Union and sought out higher-yielding emerging markets in reaction to Western central banks' loose monetary policies.
Published 05 Sep, 2016 12:00am
Saudi index leads Gulf stocks up as foreign investor limits eased

Saudi index leads Gulf stocks up as foreign investor limits eased

Saudi Arabia led Gulf stocks higher on Sunday as Riyadh eased restrictions on foreign investment in its securities markets, while most other bourses in the region were buoyed by strength in oil prices and global equities at the end of last week.
Published 05 Sep, 2016 12:00am
China funds cut equity allocations, raise bonds and cash

China funds cut equity allocations, raise bonds and cash

China fund managers continued to cut suggested equity holdings for the next three months, as they seek to reduce exposure at a time when the market sees limited upside opportunity in a rangebound market, according to Reuters' latest monthly poll. Eight fu
Published 05 Sep, 2016 12:00am
China funds cut equity allocations, raise bonds and cash

China funds cut equity allocations, raise bonds and cash

China fund managers continued to cut suggested equity holdings for the next three months, as they seek to reduce exposure at a time when the market sees limited upside opportunity in a rangebound market, according to Reuters' latest monthly poll. Eight fu
Published 05 Sep, 2016 12:00am
Asia FX sentiment weakens on Fed rate hike view
Currency

Asia FX sentiment weakens on Fed rate hike view

Sentiment toward emerging Asian currencies weakened in the last two weeks after hawkish comments from Federal Reserve officials rekindled bets for US interest rates to rise this year and gave a lift to the dollar.
Published 05 Sep, 2016 12:00am
Vietnamese banks plot offshore bond comeback

Vietnamese banks plot offshore bond comeback

Vietnam's top commercial banks are considering their first US dollar offerings since 2012 at a time when the country's sovereign bonds have soared to record levels. In recent weeks, debt bankers have been spending more time in Vietnam, while at least four
Published 05 Sep, 2016 12:00am
Saudi state fund plans stake in big industrial zone

Saudi state fund plans stake in big industrial zone

Saudi Arabia's top sovereign wealth fund is negotiating to buy a stake in one of the kingdom's most ambitious real estate projects as Riyadh restructures the economy to cope with low oil prices, a source familiar with the plan said.
Published 05 Sep, 2016 12:00am
Japan warns Brexit may drive banks, pharma investment to EU

Japan warns Brexit may drive banks, pharma investment to EU

Japan has warned Britain that its exit from the European Union could prompt Japanese financial institutions to relocate from London and listed a raft of concerns from Japanese companies about the transition away of the EU.
Published 05 Sep, 2016 12:00am
Dubai plans $20 billion district, but gives few details

Dubai plans $20 billion district, but gives few details

Dubai Holding, the investment vehicle of the emirate's ruler, has announced a $20 billion project to develop a new district in the city, signalling the emirate plans to keep growing rapidly despite the impact of low oil prices on the region.
Published 05 Sep, 2016 12:00am
LG Electronics says to invest in robot technology

LG Electronics says to invest in robot technology

South Korea's LG Electronics Inc said on Sunday it will aggressively invest in robots, seeking to capitalise on advancing artificial intelligence that may eventually lead to sophisticated machines performing everyday human tasks.
Published 05 Sep, 2016 12:00am
UK plans three billion pound house building fund

UK plans three billion pound house building fund

The British government is set to announce a 3 billion pound ($4 billion) house building fund to provide developers with cheap loans to boost the sector following the vote to leave the European Union, the Sunday Telegraph newspaper reported.
Published 05 Sep, 2016 12:00am
UK plans three billion pound house building fund

UK plans three billion pound house building fund

The British government is set to announce a 3 billion pound ($4 billion) house building fund to provide developers with cheap loans to boost the sector following the vote to leave the European Union, the Sunday Telegraph newspaper reported.
Published 05 Sep, 2016 12:00am
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