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Print - 2016-10-23
Saad speaks to Khursheed

Saad speaks to Khursheed

The government team, tasked to reach out to opposition parties to counter the Pakistan Tehreek-e-Insaf's (PTI) lockdown plan of federal capital on Saturday contacted Opposition Leader in the National Assembly Syed Khursheed Ahmad Shah to discuss its futur
Published 23 Oct, 2016 12:00am
Saad speaks to Khursheed

Saad speaks to Khursheed

The government team, tasked to reach out to opposition parties to counter the Pakistan Tehreek-e-Insaf's (PTI) lockdown plan of federal capital on Saturday contacted Opposition Leader in the National Assembly Syed Khursheed Ahmad Shah to discuss its futur
Published 23 Oct, 2016 12:00am
Inflation to hit 5.2 percent by June 2017: IMF

Inflation to hit 5.2 percent by June 2017: IMF

Report of International Monetary Fund (IMF) claimed on Saturday that inflation in Pakistan would hit 5.2 percent in 2017 which is nearly twofold of current year''''s 2.9 percent. Prices of petroleum products, coal and gas will be hitting 27 percent hike i
Published 23 Oct, 2016 12:00am
Inflation to hit 5.2 percent by June 2017: IMF

Inflation to hit 5.2 percent by June 2017: IMF

Report of International Monetary Fund (IMF) claimed on Saturday that inflation in Pakistan would hit 5.2 percent in 2017 which is nearly twofold of current year''s 2.9 percent. Prices of petroleum products, coal and gas will be hitting 27 percent hike in
Published 23 Oct, 2016 12:00am
Inflation to hit 5.2 percent by June 2017: IMF

Inflation to hit 5.2 percent by June 2017: IMF

Report of International Monetary Fund (IMF) claimed on Saturday that inflation in Pakistan would hit 5.2 percent in 2017 which is nearly twofold of current year's 2.9 percent. Prices of petroleum products, coal and gas will be hitting 27 percent hike in t
Published 23 Oct, 2016 12:00am
Inflation to hit 5.2 percent by June 2017: IMF

Inflation to hit 5.2 percent by June 2017: IMF

Report of International Monetary Fund (IMF) claimed on Saturday that inflation in Pakistan would hit 5.2 percent in 2017 which is nearly twofold of current year's 2.9 percent. Prices of petroleum products, coal and gas will be hitting 27 percent hike in t
Published 23 Oct, 2016 12:00am
PSM sell-off process to begin in couple of weeks: Zubair

PSM sell-off process to begin in couple of weeks: Zubair

Privatisation Commission Chairman Muhammad Zubair Saturday pointed out that the government would again start privatisation process of Pakistan Steel Mills in next couple of weeks. The sell-off process was stopped when the Sindh government had shown intere
Published 23 Oct, 2016 12:00am
PSM sell-off process to begin in couple of weeks: Zubair

PSM sell-off process to begin in couple of weeks: Zubair

Privatisation Commission Chairman Muhammad Zubair Saturday pointed out that the government would again start privatisation process of Pakistan Steel Mills in next couple of weeks. The sell-off process was stopped when the Sindh government had shown intere
Published 23 Oct, 2016 12:00am
PSM sell-off process to begin in couple of weeks: Zubair

PSM sell-off process to begin in couple of weeks: Zubair

Privatisation Commission Chairman Muhammad Zubair Saturday pointed out that the government would again start privatisation process of Pakistan Steel Mills in next couple of weeks. The sell-off process was stopped when the Sindh government had shown intere
Published 23 Oct, 2016 12:00am
Summit on economy: export slide termed big challenge

Summit on economy: export slide termed big challenge

Speakers at Pakistan Business and Economic Summit said the government has achieved most of the macroeconomic targets during last three years; however, declining exports still constitute a big challenge that should be focused by the policymakers. The summi
Published 23 Oct, 2016 12:00am
Summit on economy: export slide termed big challenge

Summit on economy: export slide termed big challenge

Speakers at Pakistan Business and Economic Summit said the government has achieved most of the macroeconomic targets during last three years; however, declining exports still constitute a big challenge that should be focused by the policymakers. The summi
Published 23 Oct, 2016 12:00am
Summit on economy: export slide termed big challenge

Summit on economy: export slide termed big challenge

Speakers at Pakistan Business and Economic Summit said the government has achieved most of the macroeconomic targets during last three years; however, declining exports still constitute a big challenge that should be focused by the policymakers. The summi
Published 23 Oct, 2016 12:00am
SBP explains why it''s relocating 5 departments to Lahore
Currency

SBP explains why it''s relocating 5 departments to Lahore

State Bank of Pakistan''s Banking Corporation of Pakistan''s (BSC) five out of 11 departments are being partially relocated to Lahore, closer to Central and Northern regions - not the head office of BSC - to ensure greater operational efficiency and logis
Published 23 Oct, 2016 12:00am
SBP explains why it's relocating 5 departments to Lahore
Currency

SBP explains why it's relocating 5 departments to Lahore

State Bank of Pakistan's Banking Corporation of Pakistan's (BSC) five out of 11 departments are being partially relocated to Lahore, closer to Central and Northern regions - not the head office of BSC - to ensure greater operational efficiency and logisti
Published 23 Oct, 2016 12:00am
SBP explains why it's relocating 5 departments to Lahore
Currency

SBP explains why it's relocating 5 departments to Lahore

State Bank of Pakistan's Banking Corporation of Pakistan's (BSC) five out of 11 departments are being partially relocated to Lahore, closer to Central and Northern regions - not the head office of BSC - to ensure greater operational efficiency and logisti
Published 23 Oct, 2016 12:00am
Canada says: EU''s ''job'' to save trade pact

Canada says: EU''s ''job'' to save trade pact

Canada turned up the heat on the European Union Saturday, saying it was the bloc''s "job" to save a trade pact put in doubt by a Belgian region''s refusal to sign on. Chrystia Freeland, the Canadian trade minister, was firm after leaving last-ditch talks
Published 23 Oct, 2016 12:00am
Canada says: EU's 'job' to save trade pact

Canada says: EU's 'job' to save trade pact

Canada turned up the heat on the European Union Saturday, saying it was the bloc's "job" to save a trade pact put in doubt by a Belgian region's refusal to sign on. Chrystia Freeland, the Canadian trade minister, was firm after leaving last-ditch talks wi
Published 23 Oct, 2016 12:00am
Canada says: EU's 'job' to save trade pact

Canada says: EU's 'job' to save trade pact

Canada turned up the heat on the European Union Saturday, saying it was the bloc's "job" to save a trade pact put in doubt by a Belgian region's refusal to sign on. Chrystia Freeland, the Canadian trade minister, was firm after leaving last-ditch talks wi
Published 23 Oct, 2016 12:00am
Trump lays out plan for first 100 days

Trump lays out plan for first 100 days

Donald Trump on Saturday unveiled plans for the first 100 days of his presidency, vowing to create 25 million jobs over a decade and middle class tax cuts, as he and Hillary Clinton courted undecided swing state voters. While offering a number of concrete
Published 23 Oct, 2016 12:00am
Trump lays out plan for first 100 days

Trump lays out plan for first 100 days

Donald Trump on Saturday unveiled plans for the first 100 days of his presidency, vowing to create 25 million jobs over a decade and middle class tax cuts, as he and Hillary Clinton courted undecided swing state voters. While offering a number of concrete
Published 23 Oct, 2016 12:00am
President arrives in Doha

President arrives in Doha

President Mamnoon Hussain arrived here Saturday on a four-day official visit of the State of Qatar, to hold talks with Qatari leadership for further strengthening bilateral relations between the two brotherly countries in various fields. The President, wh
Published 23 Oct, 2016 12:00am
President arrives in Doha

President arrives in Doha

President Mamnoon Hussain arrived here Saturday on a four-day official visit of the State of Qatar, to hold talks with Qatari leadership for further strengthening bilateral relations between the two brotherly countries in various fields. The President, wh
Published 23 Oct, 2016 12:00am
Aziz says he is 'not aware'

Aziz says he is 'not aware'

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz on Saturday said he was "not aware" if any delegation of the Afghan Taliban had recently come to Pakistan in relation to peace talks with the government in Kabul. Speaking to media Aziz said: "Deleg
Published 23 Oct, 2016 12:00am
Aziz says he is 'not aware'

Aziz says he is 'not aware'

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz on Saturday said he was "not aware" if any delegation of the Afghan Taliban had recently come to Pakistan in relation to peace talks with the government in Kabul. Speaking to media Aziz said: "Deleg
Published 23 Oct, 2016 12:00am
Afghan Taliban in Pakistan after 'secret talks'

Afghan Taliban in Pakistan after 'secret talks'

An Afghan Taliban delegation has arrived in Pakistan, militant sources said Saturday, raising speculation over efforts to revive peace negotiations days after reports of secret talks with Afghan officials in Qatar. Taliban spokesman Zabihullah Mujahid con
Published 23 Oct, 2016 12:00am
Afghan Taliban in Pakistan after 'secret talks'

Afghan Taliban in Pakistan after 'secret talks'

An Afghan Taliban delegation has arrived in Pakistan, militant sources said Saturday, raising speculation over efforts to revive peace negotiations days after reports of secret talks with Afghan officials in Qatar. Taliban spokesman Zabihullah Mujahid con
Published 23 Oct, 2016 12:00am
MQM London's Karachi leadership detained

MQM London's Karachi leadership detained

The Sindh Rangers on Saturday arrested senior members of Rabita Committee of Muttahida Qaumi Movement (MQM) London Dr Hassan Zafar Arif and Kunwar Kahlid Younis minutes before their scheduled press conference at Karachi Press Club. A heavy contingent of R
Published 23 Oct, 2016 12:00am
MQM London's Karachi leadership detained

MQM London's Karachi leadership detained

The Sindh Rangers on Saturday arrested senior members of Rabita Committee of Muttahida Qaumi Movement (MQM) London Dr Hassan Zafar Arif and Kunwar Kahlid Younis minutes before their scheduled press conference at Karachi Press Club. A heavy contingent of R
Published 23 Oct, 2016 12:00am
Indian extremists allow conditional release of Fawad Khan's film

Indian extremists allow conditional release of Fawad Khan's film

In a move to save prominent Bollywood director Karan Johar from financial loss, Indian extremists have decided not to oppose the release of Ae Dil Hai Mushkil, which features Pakistani actor Fawad Khan. The decision was taken after Filmmaker Mukesh Bhatt,
Published 23 Oct, 2016 12:00am
Indian extremists allow conditional release of Fawad Khan's film

Indian extremists allow conditional release of Fawad Khan's film

In a move to save prominent Bollywood director Karan Johar from financial loss, Indian extremists have decided not to oppose the release of Ae Dil Hai Mushkil, which features Pakistani actor Fawad Khan. The decision was taken after Filmmaker Mukesh Bhatt,
Published 23 Oct, 2016 12:00am
FBR amends Inland Revenue Reward Rules

FBR amends Inland Revenue Reward Rules

The Federal Board of Revenue (FBR) has amended Inland Revenue Reward Rules, 2016 to entitle all officers and officials of Inland Revenue, including ministerial and ex-cadre officers/officials having meritorious conduct for grant of rewards. According to t
Published 23 Oct, 2016 12:00am
FBR amends Inland Revenue Reward Rules

FBR amends Inland Revenue Reward Rules

The Federal Board of Revenue (FBR) has amended Inland Revenue Reward Rules, 2016 to entitle all officers and officials of Inland Revenue, including ministerial and ex-cadre officers/officials having meritorious conduct for grant of rewards. According to t
Published 23 Oct, 2016 12:00am
FBR amends Inland Revenue Reward Rules

FBR amends Inland Revenue Reward Rules

The Federal Board of Revenue (FBR) has amended Inland Revenue Reward Rules, 2016 to entitle all officers and officials of Inland Revenue, including ministerial and ex-cadre officers/officials having meritorious conduct for grant of rewards. According to t
Published 23 Oct, 2016 12:00am
KP completes 100 hydel projects of 2500 megawatts capacity: Khattak

KP completes 100 hydel projects of 2500 megawatts capacity: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that work on 356 small hydel power stations is continue in the province and out of them 100 have been completed. He said that on completion those projects would include 2,500 megawatt electricity i
Published 23 Oct, 2016 12:00am
KP completes 100 hydel projects of 2500 megawatts capacity: Khattak

KP completes 100 hydel projects of 2500 megawatts capacity: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that work on 356 small hydel power stations is continue in the province and out of them 100 have been completed. He said that on completion those projects would include 2,500 megawatt electricity i
Published 23 Oct, 2016 12:00am
KP completes 100 hydel projects of 2500 megawatts capacity: Khattak

KP completes 100 hydel projects of 2500 megawatts capacity: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that work on 356 small hydel power stations is continue in the province and out of them 100 have been completed. He said that on completion those projects would include 2,500 megawatt electricity i
Published 23 Oct, 2016 12:00am
Alcohol banned

Alcohol banned

Iraq's parliament on Saturday voted to ban the sale, import and production of alcohol, in a surprise move likely to anger some minorities but also to please influential religious parties. Proponents of the ban argue that it is justified by the constitutio
Published 23 Oct, 2016 12:00am
Alcohol banned

Alcohol banned

Iraq's parliament on Saturday voted to ban the sale, import and production of alcohol, in a surprise move likely to anger some minorities but also to please influential religious parties. Proponents of the ban argue that it is justified by the constitutio
Published 23 Oct, 2016 12:00am
AT&T agrees to buy Time Warner in over $80 billion deal

AT&T agrees to buy Time Warner in over $80 billion deal

Telecom giant AT&T has struck a deal to buy entertainment company Time Warner for more than $80 billion, to add in-house content to its distribution services, a banking source familiar with the negotiations said Saturday. An official announcement is expec
Published 23 Oct, 2016 12:00am
AT&T agrees to buy Time Warner in over $80 billion deal

AT&T agrees to buy Time Warner in over $80 billion deal

Telecom giant AT&T has struck a deal to buy entertainment company Time Warner for more than $80 billion, to add in-house content to its distribution services, a banking source familiar with the negotiations said Saturday. An official announcement is expec
Published 23 Oct, 2016 12:00am
AT&T agrees to buy Time Warner in over $80 billion deal

AT&T agrees to buy Time Warner in over $80 billion deal

Telecom giant AT&T has struck a deal to buy entertainment company Time Warner for more than $80 billion, to add in-house content to its distribution services, a banking source familiar with the negotiations said Saturday. An official announcement is expec
Published 23 Oct, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (October 22, 2016) and the forecast for Sunday (October 23, 2016).

Published 23 Oct, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 22, 2016).

Published 23 Oct, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 22, 2016).

Published 23 Oct, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 22, 2016)

Published 23 Oct, 2016 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 22, 2016).

Published 23 Oct, 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 (October 22, 2016).

Published 23 Oct, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Saturday as the rupee held the overnight levels versus the dollar in the process of trading, dealers said. The rupee was unchanged against the dollar for buying and selling at Rs 105.50 and Rs 105.70 respectively,
Published 23 Oct, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Saturday as the rupee held the overnight levels versus the dollar in the process of trading, dealers said. The rupee was unchanged against the dollar for buying and selling at Rs 105.50 and Rs 105.70 respectively,
Published 23 Oct, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 22, 2016).

Published 23 Oct, 2016 12:00am
Asian naphtha crack recovers losses

Asian naphtha crack recovers losses

Asia's naphtha crack rose to $58.23 a tonne on Thursday, recovering the previous day's decline to reach its highest since September 29, supported by reduced supplies. South Korea's Lotte Chemical has bought four naphtha cargoes averaging 25,000 tonnes eac
Published 23 Oct, 2016 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Wheat futures on the Chicago Board of Trade fell on Thursday, following broad declines in commodities including crude oil as the dollar strengthened, making US goods less attractive on the global market, analysts said. CBOT December wheat settled down 3-1
Published 23 Oct, 2016 12:00am
US natural gas futures fall to two-week low

US natural gas futures fall to two-week low

US natural gas futures slipped to a two-week low on Thursday after a government report showed a bigger-than-expected weekly storage build. Traders noted that price decline came despite forecasts for cooler temperatures that will remain at above normal lev
Published 23 Oct, 2016 12:00am
Palm oil prices slightly lower in Europe

Palm oil prices slightly lower in Europe

Palm oil prices in Europe were slightly lower on Thursday, with the market weighed down by weakening demand and a decline in CBOT soyabean oil futures. However, supplies remained tight, dealers said, and prices remained within striking distance of highs s
Published 23 Oct, 2016 12:00am
US FOB Gulf soyabean offers steady on Chinese demand

US FOB Gulf soyabean offers steady on Chinese demand

Soyabean export premiums for shipments from the US Gulf Coast held about steady on Thursday on rising supplies from the US harvest and moderate demand, mostly from China, traders said. Spot CIF soyabean barge basis values weakened on Thursday as newly har
Published 23 Oct, 2016 12:00am
Vietnamese rice prices rise to highest in seven weeks

Vietnamese rice prices rise to highest in seven weeks

Vietnamese rice prices rose to their highest in seven weeks on demand from China and production disruption in the Mekong Delta in southern Vietnam due to rain, while Thai rice prices eased after a brief pickup last week, traders said on Wednesday. In Indi
Published 23 Oct, 2016 12:00am
Cotton market: rates slip in line with global track
Cotton

Cotton market: rates slip in line with global track

In line with the international trend, cotton prices slid on the cotton market on Saturday in the process of trade activity, dealers said. The official spot rate was lower by Rs 50 to Rs 6000, dealers said. Phutti rates in Sindh were at Rs 2700-3150 and in
Published 23 Oct, 2016 12:00am
Australian coal prices hit $100 per tonne for the first time since 2012

Australian coal prices hit $100 per tonne for the first time since 2012

As Australian thermal coal prices hit $100 per tonne on Tuesday for the first time since 2012, the fuel's rally is now among the commodity's top-three bull-runs on record. The bull-run rivals the 2011 Fukushima nuclear meltdown and Australian mining flood
Published 23 Oct, 2016 12:00am
US Midwest soya, corn bids mixed

US Midwest soya, corn bids mixed

Spot basis bids for soyabeans and corn were mixed in the US Midwest on Thursday afternoon, as harvest progressed but export demand offset the pressure in some areas, grain merchants said. Basis bids for soyabeans eased by 5 cents at an elevator near Chica
Published 23 Oct, 2016 12:00am
European feeds: soyameal firmer on technical buying

European feeds: soyameal firmer on technical buying

Soyameal asking prices on the European meals and feeds market firmed on Thursday following the previous day's trend in CBOT soyameal futures on the back of technical buying in soyaoil and soyabean futures due to a rally in energy markets.
Published 23 Oct, 2016 12:00am
Vietnamese coffee discounts steady; Indonesia up

Vietnamese coffee discounts steady; Indonesia up

Discounts of Vietnamese coffee were steady on Thursday, with sales slowing as stocks dwindled ahead of the harvest peak next month, while Indonesia were up slightly, traders said. Vietnam, the world's top robusta producer, will accelerate harvesting its 2
Published 23 Oct, 2016 12:00am
China to cut corn area, raise soyabean planting in 5-year plan
Cotton

China to cut corn area, raise soyabean planting in 5-year plan

China will reduce the area planted with corn and lift soyabean acreage in the next five years, said the country's cabinet on Thursday, reiterating goals outlined earlier this year to adjust the nation's crop structure to better meet demand. China has enco
Published 23 Oct, 2016 12:00am
India buys Australian wheat, Chinese corn uncompetitive

India buys Australian wheat, Chinese corn uncompetitive

Indian mills bought 100,000 tonnes of new-crop Australian wheat in recent deals for January shipment, while Chinese corn has yet to make inroads into Asia due to its higher prices relative to other sources, traders said on Thursday. Indian flour mills pai
Published 23 Oct, 2016 12:00am
Vietnam to suspend US DDGS imports from mid-December

Vietnam to suspend US DDGS imports from mid-December

The US Grains Council is working with Vietnamese importers of distillers' dried grains with solubles (DDGS) to end the country's planned suspension of US shipments of the protein-rich animal feed, according to a letter sent to council members and seen by
Published 23 Oct, 2016 12:00am
European wheat markets little changed

European wheat markets little changed

Western European wheat markets were little changed on Thursday as recent export impetus subsided in a session marked by a widening of the premium for CME's futures over Euronext's established benchmark. December milling wheat on Paris-based Euronext settl
Published 23 Oct, 2016 12:00am
Foreign interest in high-yielding India bonds wanes

Foreign interest in high-yielding India bonds wanes

Demand for high-yielding Indian government bonds is dwindling, going by the reduced interest seen at an auction on Monday for foreign investors for rupee-denominated sovereign paper. The Securities and Exchange Board of India offered 93.30 billion rupees
Published 23 Oct, 2016 12:00am
Foreign interest in high-yielding India bonds wanes

Foreign interest in high-yielding India bonds wanes

Demand for high-yielding Indian government bonds is dwindling, going by the reduced interest seen at an auction on Monday for foreign investors for rupee-denominated sovereign paper. The Securities and Exchange Board of India offered 93.30 billion rupees
Published 23 Oct, 2016 12:00am
Ghana issues maiden dollar denominated domestic bond

Ghana issues maiden dollar denominated domestic bond

Ghana has issued its first dollar denominated domestic bond worth $94.64 million in two-year paper with a coupon rate of 6 percent, consistent with an initial price range of 5.5-6.5 percent, the Finance Ministry said on Monday. The bond was open only to i
Published 23 Oct, 2016 12:00am
Ghana issues maiden dollar denominated domestic bond

Ghana issues maiden dollar denominated domestic bond

Ghana has issued its first dollar denominated domestic bond worth $94.64 million in two-year paper with a coupon rate of 6 percent, consistent with an initial price range of 5.5-6.5 percent, the Finance Ministry said on Monday. The bond was open only to i
Published 23 Oct, 2016 12:00am
SEC approves FINRA rule on reporting US bond trades

SEC approves FINRA rule on reporting US bond trades

The Securities and Exchange Commission said on Wednesday it approved the Financial Industry Regulatory Authority's proposal to require its members to report their trades of US government securities. FINRA plans to implement the reporting program on July 1
Published 23 Oct, 2016 12:00am
SEC approves FINRA rule on reporting US bond trades

SEC approves FINRA rule on reporting US bond trades

The Securities and Exchange Commission said on Wednesday it approved the Financial Industry Regulatory Authority's proposal to require its members to report their trades of US government securities. FINRA plans to implement the reporting program on July 1
Published 23 Oct, 2016 12:00am
TSX rises to 16-month high, led by resource shares
Currency

TSX rises to 16-month high, led by resource shares

Canada's main stock index rose to a 16-month high on Friday as shares of energy and materials companies led broad-based gains and investors raised bets on a rate cut from the Bank of Canada. For the week, the commodity-linked TSX rose 2.4 percent, helped
Published 23 Oct, 2016 12:00am
European shares expected to move sideways until June

European shares expected to move sideways until June

European stocks will make little headway before June as concerns about future US rate increases and Britain's move to start its divorce from the European Union discourage investors from placing strong bets, a Reuters poll found. The poll of more than 20 t
Published 23 Oct, 2016 12:00am
Credit Suisse sees scope for UK mining dividend rise

Credit Suisse sees scope for UK mining dividend rise

Dividend yields at British mining companies have hit a five-year low just as cash flows in the sector improve, prompting some analysts to call for higher payouts as early as next year. A slump in demand in recent years, owing largely to China's economic s
Published 23 Oct, 2016 12:00am
Solid quarterly earnings help LSE focus on merger
Currency

Solid quarterly earnings help LSE focus on merger

London Stock Exchange Group Plc reported a jump in third-quarter earnings, helped by a weaker pound and putting the company on a sound footing as it focuses on its merger with Deutsche Boerse. The exchange operator, which is in talks to sell its French cl
Published 23 Oct, 2016 12:00am
Suriname makes international bond market debut

Suriname makes international bond market debut

Suriname debuted in the international bond markets on Wednesday, selling a US $550m 10-year deal snapped up by investors who shrugged off any jitters over political or economic risk. The tiny South American country drew solid buyside interest, allowing le
Published 23 Oct, 2016 12:00am
Suriname makes international bond market debut

Suriname makes international bond market debut

Suriname debuted in the international bond markets on Wednesday, selling a US $550m 10-year deal snapped up by investors who shrugged off any jitters over political or economic risk. The tiny South American country drew solid buyside interest, allowing le
Published 23 Oct, 2016 12:00am
Broken IPO market calls for tax reboot

Broken IPO market calls for tax reboot

The stuttering new share issues market calls for a tax fix. Several recent deals have been pulled or postponed, including those of British energy supplier First Utility, German real estate company OfficeFirst and Spanish telecoms infrastructure firm Telxi
Published 23 Oct, 2016 12:00am
Broken IPO market calls for tax reboot

Broken IPO market calls for tax reboot

The stuttering new share issues market calls for a tax fix. Several recent deals have been pulled or postponed, including those of British energy supplier First Utility, German real estate company OfficeFirst and Spanish telecoms infrastructure firm Telxi
Published 23 Oct, 2016 12:00am
Qatar's Masraf Al Rayan, Doha Bank to launch ETFs by year-end

Qatar's Masraf Al Rayan, Doha Bank to launch ETFs by year-end

Qatari banks Masraf Al Rayan and Doha Bank plan to launch the Gulf state's first exchange-traded funds (ETFs) by the end of the 2016, a move that should boost capital flows into the local stock market, a bourse official said. The launch of ETFs - portfoli
Published 23 Oct, 2016 12:00am
Treasuries outlook: yields little changed on light volume

Treasuries outlook: yields little changed on light volume

US Treasury yields were little changed on Friday as expectations the Federal Reserve would raise US interest rates by year-end offset demand for bonds following comments by European Central Bank President Mario Draghi on bond purchases. Trading held in a
Published 23 Oct, 2016 12:00am
Treasuries outlook: yields little changed on light volume

Treasuries outlook: yields little changed on light volume

US Treasury yields were little changed on Friday as expectations the Federal Reserve would raise US interest rates by year-end offset demand for bonds following comments by European Central Bank President Mario Draghi on bond purchases. Trading held in a
Published 23 Oct, 2016 12:00am
Wall Street ends little changed; Microsoft hits record

Wall Street ends little changed; Microsoft hits record

The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare shares. General Electric, often seen as an economic bellwether, weighed
Published 23 Oct, 2016 12:00am
Samsung's damaging smartphone crisis could put screws on won
Currency

Samsung's damaging smartphone crisis could put screws on won

Samsung Electronics Co's smartphone crisis is likely to ripple through to the foreign exchange market, analysts say, putting the South Korean won under pressure as the global tech giant takes a multi-billion dollar earnings hit from lost sales. On Thursda
Published 23 Oct, 2016 12:00am
UK companies' FX hedging soars after Brexit vote
Currency

UK companies' FX hedging soars after Brexit vote

Britain's vote to leave the European Union sparked a doubling of currency hedging by small UK businesses, with more than half now using forward or options contracts to protect themselves from moves in the pound, industry research showed on Friday. The ano
Published 23 Oct, 2016 12:00am
Canadian dollar tumbles to seven-month low
Currency

Canadian dollar tumbles to seven-month low

The Canadian dollar weakened to a seven-month low against its US counterpart on Friday as weaker-than-expected domestic data fueled interest rate cut bets and the greenback made broad-based gains. For the week, the loonie fell 1.4 percent, its largest one
Published 23 Oct, 2016 12:00am
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