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Print - 2016-10-28
LDA demolishes five shops

LDA demolishes five shops

Staff of the Town Planning Wing of Lahore Development Authority demolished a total of five shops in the Johar Town area on Thursday which had been constructed on residential plots, in violation of the building regulations. These shops were razed at Samsan
Published 28 Oct, 2016 12:00am
India using Afghan soil for terrorism inside Pakistan: FO

India using Afghan soil for terrorism inside Pakistan: FO

Foreign Office Spokesperson Nafees Zakaria on Thursday declared that India was using Afghan soil for terror activities inside Pakistan, as security forces had detected signals of the terrorists' connections in Afghanistan during the recent attack on polic
Published 28 Oct, 2016 12:00am
India using Afghan soil for terrorism inside Pakistan: FO

India using Afghan soil for terrorism inside Pakistan: FO

Foreign Office Spokesperson Nafees Zakaria on Thursday declared that India was using Afghan soil for terror activities inside Pakistan, as security forces had detected signals of the terrorists' connections in Afghanistan during the recent attack on polic
Published 28 Oct, 2016 12:00am
Twitter plots new path after merger talks fail

Twitter plots new path after merger talks fail

Twitter said Thursday it has a path to growth and profitability, even as the struggling social network unveiled hefty job cuts and more losses after talks to find a buyer collapsed. The company said it would cut nine percent of its workforce after another
Published 28 Oct, 2016 12:00am
Twitter plots new path after merger talks fail

Twitter plots new path after merger talks fail

Twitter said Thursday it has a path to growth and profitability, even as the struggling social network unveiled hefty job cuts and more losses after talks to find a buyer collapsed. The company said it would cut nine percent of its workforce after another
Published 28 Oct, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (October 27, 2016).

Published 28 Oct, 2016 12:00am
Protecting depositors and promoting stability

Protecting depositors and promoting stability

Depositors' protection scheme, in vogue in many countries for the last so many years, has also been introduced in Pakistan. According to the Depositors Protection Act notified by the State Bank on 24th October, 2016, a Depositors Protection Corporation (D
Published 28 Oct, 2016 12:00am
PAT jumps on the bandwagon

PAT jumps on the bandwagon

Estranged ally Dr Tahirul Qadri of the Pakistan Awami Tehreek (PAT) has been reconciled with his erstwhile comrade-in-struggle Imran Khan of the Pakistan Tehreek-e-Insaf (PTI). Only a few days earlier, Imran Khan had in his characteristic style whaled int
Published 28 Oct, 2016 12:00am
Of taxpayers & non-filers!

Of taxpayers & non-filers!

Non-collection of tax where due, is as detestable as its collection, where it is not due- CIT Companies, Lahore v State Cement of Corporation (Pvt) Ltd, Lahore 2002 PTD 1603 The persistent negative propaganda campaign by the Federal Board of Revenue (FBR)
Published 28 Oct, 2016 12:00am
Bandh politics

Bandh politics

Noting that Pakistan's public debt remained very high, the interest bill being higher at current debt level than the country's entire development budget, IMF Managing Director, Christine Lagarde, pointedly said that the perception of corruption in Pakista
Published 28 Oct, 2016 12:00am
Women harassment at workplace

Women harassment at workplace

The work environment for women, in a male-dominated society like Pakistan, is often hostile and antagonistic, hindering their contribution to their country's development as well as their right to employment. Various studies have found that social constrai
Published 28 Oct, 2016 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Thursday, dealers said. The rupee was down by five paisas versus the dollar for buying and selling at Rs 104.82 and Rs 104.84 respectively, they said.
Published 28 Oct, 2016 12:00am
November 2 Islamabad lockdown

November 2 Islamabad lockdown

How ironic it is that our political leadership is unmindful of the present and future of this nation of 200 million people. Please consider the following: The November 2 Islamabad lockdown call by Pakistan Tehreek-e-Insaf is undoubtedly fraught with dire
Published 28 Oct, 2016 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Thursday, dealers said. The rupee was down by five paisas versus the dollar for buying and selling at Rs 104.82 and Rs 104.84 respectively, they said.
Published 28 Oct, 2016 12:00am
Civilian leadership urges CoAS to help government overcome challenge

Civilian leadership urges CoAS to help government overcome challenge

Chief Minister Punjab Shehbaz Sharif, Interior Minister Chaudhry Nisar Ali Khan and Finance Minister Ishaq Dar called on Chief of Army Staff General Raheel Sharif on Thursday night, a private TV channel claimed. The channel said that the meeting took plac
Published 28 Oct, 2016 12:00am
Civilian leadership urges CoAS to help government overcome challenge

Civilian leadership urges CoAS to help government overcome challenge

Chief Minister Punjab Shehbaz Sharif, Interior Minister Chaudhry Nisar Ali Khan and Finance Minister Ishaq Dar called on Chief of Army Staff General Raheel Sharif on Thursday night, a private TV channel claimed. The channel said that the meeting took plac
Published 28 Oct, 2016 12:00am
US MIDDAY: gold little changed

US MIDDAY: gold little changed

Gold was little changed early on Thursday, pressured by a persistently strong dollar as the market awaits more signs about the timing of an expected US interest rate rise from the Federal Reserve. Bets that the Fed will raise rates have driven the dollar
Published 28 Oct, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 27, 2016).

Published 28 Oct, 2016 12:00am
US MIDDAY: soyabeans and wheat up

US MIDDAY: soyabeans and wheat up

Soyabean futures on the Chicago Board of Trade firmed on Thursday on technical buying, strong export demand and spillover strength from soyameal, traders said. CBOT November soyabeans settled up 4-1/4 cents at $10.14-1/4 per bushel. CBOT soyameal futures
Published 28 Oct, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 27, 2016).

Published 28 Oct, 2016 12:00am
Oil ends up, Opec cut commitments assuage lingering doubts

Oil ends up, Opec cut commitments assuage lingering doubts

Oil settled higher on Thursday, as commitments from Gulf Opec members to cut production assuaged some lingering doubts in the market about cooperation from other producers. The international benchmark Brent crude was up 49 cents, or 1 percent, at $50.47 a
Published 28 Oct, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (October 27, 2016).

Published 28 Oct, 2016 12:00am
Cotton futures climb
Cotton

Cotton futures climb

Cotton futures rose on Thursday to their highest level in a week, perked up by speculative buying and a healthy demand for the natural fibre. The market also took stock of weekly export sales report from the US government, which showed net upland sales of
Published 28 Oct, 2016 12:00am
Privatisation of PIA not on the cards: Saigol

Privatisation of PIA not on the cards: Saigol

Chairman PIA Azam Saigol has said that PIA's privatization is not on the cards and all rumours in this regard are totally baseless. He said this while talking to President CBA (Collective Bargaining Agent) union of PIA, Shamim Akmal who called on him here
Published 28 Oct, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 27, 2016)

Published 28 Oct, 2016 12:00am
Workshop held for promotion of reading culture

Workshop held for promotion of reading culture

Alif Laila Book Bus Society in collaboration with SGAFP-USAID organized one-day workshop for exploring opportunities to promote reading culture through establishment of libraries in primary schools here in a local hotel Thursday. Vice president of Alif La
Published 28 Oct, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (October 27, 2016).

Published 28 Oct, 2016 12:00am
LHC asks AGP to assist court in petition against Prime Minister

LHC asks AGP to assist court in petition against Prime Minister

The Lahore High Court on Thursday asked the Attorney General of Pakistan to assist the court on November 1 in a petition of Pakistan Tehreek Insaaf leader Jahangir Khan Tareen seeking disqualification of Prime Minister Nawaz Sharif for his alleged involve
Published 28 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 28 Oct, 2016 12:00am
Imran launches countrywide protest

Imran launches countrywide protest

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Thursday announced a countrywide protest demonstration across the country after police baton charged party workers and arrested a large number of party workers in Islamabad. After presiding over an eme
Published 28 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 28 Oct, 2016 12:00am
Qadri adds to PTI's November 2 lockdown plan

Qadri adds to PTI's November 2 lockdown plan

Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri has said that his party is not in favour of lock down but of knock down. Talking to media at London's Heathrow Airport on Thursday, he said that Imran Khan talked to me and apologised. "To lock down Isla
Published 28 Oct, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (October 27, 2016).

Published 28 Oct, 2016 12:00am
PBIF chief lauds Dar for steering economy out of 'ICU'

PBIF chief lauds Dar for steering economy out of 'ICU'

President, Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that Finance Minister Ishaq Dar has successfully steered economy out of ICU and now it can survive without external support. The economy is doing well while growth
Published 28 Oct, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (October 27, 2016) and the forecast for Friday (October 28, 2016).

Published 28 Oct, 2016 12:00am
Kashmiris' struggle to continue: Sartaj Aziz

Kashmiris' struggle to continue: Sartaj Aziz

Prime Minister's advisor on Foreign Affairs Sartaj Aziz has said the struggle of Kashmiri people will last till the dispute is resolved as per the aspirations of the Kahmiri people. He said this in an interview with News and Current Affairs Channel of Rad
Published 28 Oct, 2016 12:00am
NA body opposes Capital's lockdown

NA body opposes Capital's lockdown

National Assembly Standing Committee on Interior and Narcotics Control Thursday unanimously passed a resolution against the much-hyped lockdown of Islamabad by Pakistan Tehreek-e-Insaf (PTI) on November 2. The meeting which met with MNA Rana Shamim Ahmad
Published 28 Oct, 2016 12:00am
There could be sit-ins across the country: PML-Q chief

There could be sit-ins across the country: PML-Q chief

Pakistan Muslim League-Q (PML-Q) senior leader Chaudhry Parvez Elahi Thursday warned that if the rulers try to create hurdles from going to Islamabad on November 2, sit-ins will be staged everywhere and entire country will be locked down. While addressing
Published 28 Oct, 2016 12:00am
Nepra approves refund of Rs 2.77 per unit

Nepra approves refund of Rs 2.77 per unit

National Electric Power Regulatory Authority (Nepra) on Thursday approved refund of Rs 2.77 per unit overcharged by the power Distribution Companies (Discos) from consumers in September 2016 under monthly fuel adjustment mechanism. Nepra has also sought a
Published 28 Oct, 2016 12:00am
SCBA criticises government's move to call out troops

SCBA criticises government's move to call out troops

President, Supreme Court Bar Association, Barrister Syed Ali Zafar while reacting to Pakistan Tehreek-e-Insaf (PTI) protest on November 2 in Islamabad stated that it is apparent that the government has already panicked and issued a notification under Arti
Published 28 Oct, 2016 12:00am
'Torkham to have modern customs station in near future'

'Torkham to have modern customs station in near future'

Collector Customs, Peshawar Qurban Ali said the government would establish a modern customs station in near future at Torkham. He said new plan had been fully materialised to enhance revenue, besides booting up trade activities.
Published 28 Oct, 2016 12:00am
Pakistani community in UAE vows support to Kashmiris

Pakistani community in UAE vows support to Kashmiris

An event was held at the Embassy of Pakistan, Abu Dhabi Thursday to observe "Kashmir Black Day". A large number of Pakistani-Kashmiri community in the UAE assembled in the premises of the Embassy of Pakistan, Abu Dhabi, to affirm their solidarity with the
Published 28 Oct, 2016 12:00am
Another mass robbery in Karachi: 40 shops looted

Another mass robbery in Karachi: 40 shops looted

In another mass heist at M A Jinnah road, robbers took away cash and valuables worth Rs 4 million from 40 shops. According to reports, robbers broke into the shops at 2:00am at the Jami Centre early Thursday morning. Four unidentified men first held the w
Published 28 Oct, 2016 12:00am
$1.81 billion foreign assistance received in Q1

$1.81 billion foreign assistance received in Q1

The country has provisionally received $1.81 billion of the budgeted estimates of foreign assistance in the first quarter of the current financial year, but 50 percent, $900 million, were loans from commercial banks. According to Economic Affaires Divisio
Published 28 Oct, 2016 12:00am
Military hardware production Pakistan offers help to Qatar

Military hardware production Pakistan offers help to Qatar

Pakistan on Thursday offered all possible technical assistance to Qatar for setting up military hardware production facilities on Transfer of Technology (ToT) basis. Minister for Defence Khawaja Muhammad Asif extended the offer during a meeting with Qatar
Published 28 Oct, 2016 12:00am
PTI's response to speech of IMF chief

PTI's response to speech of IMF chief

Listening to the statement by IMF Managing Director, Christine Legarde, one is reminded of the book "Confessions of an Economic Hitman" by John Perkins. Her claim that Pakistan's economy is stable and out of danger appears to be either a reflection of her
Published 28 Oct, 2016 12:00am
Customs, PMSA seize biggest-ever cache of narcotics

Customs, PMSA seize biggest-ever cache of narcotics

Pakistan Maritime Security Agency (PMSA) and the customs department Wednesday claimed to have seized biggest-ever cache of narcotics worth Rs 1.5 billion, at Gwadar. The action was taken on credible information that a huge quantity of narcotics would be s
Published 28 Oct, 2016 12:00am
GoP sends messages to express solidarity with Kashmiris

GoP sends messages to express solidarity with Kashmiris

Although October 27 is observed every year as the "Black Day" by the Pakistanis and the Kashmiris, the government of Pakistan this year has taken assistance of Short Messaging Service (SMS) to spread awareness about the significance of the day besides exp
Published 28 Oct, 2016 12:00am
All liquor shops in Sindh shut down, SHC told

All liquor shops in Sindh shut down, SHC told

The Sindh government on Thursday informed the Sindh High Court (SHC) that the authorities had shut down all wine shops across the province. Assistant Advocate General Ghulam Mustafa Mahesar told the court that following its order, the provincial police ch
Published 28 Oct, 2016 12:00am
JI demands reconstruction of University Road

JI demands reconstruction of University Road

Jamaat-e-Islami leader and former provincial legislator Younus Barai on Thursday demanded of the government to reconstruct University Road immediately, which is in dilapidated condition. Addressing a press conference at Karachi Press Club, he warned that
Published 28 Oct, 2016 12:00am
UGB candidates to win FPCCI elections with heavy margin: Feroz

UGB candidates to win FPCCI elections with heavy margin: Feroz

Spokesman of United Business Group (UBG) Gulzar Feroz has expressed the hope that the group candidates will win the FPCCI elections for the year 2017 with a heavy margin. The alliance between Businessman Panel (BMP) and Pakistan Business Group (PBG) is no
Published 28 Oct, 2016 12:00am
Investors urged to set up industries in Pakistan

Investors urged to set up industries in Pakistan

Chief Executive (CE) Trade Development Authority of Pakistan (TDAP) S. M. Munir on Thursday urged both local and foreign investors to set up industries in Pakistan, saying that country's all economic indicators are now positive. Addressing the 13th CEO Su
Published 28 Oct, 2016 12:00am
Bank Alfalah posts profit after tax of Rs 6.266 billion

Bank Alfalah posts profit after tax of Rs 6.266 billion

Bank Alfalah announced its results for the nine months period ended September 30, 2016 with profit after taxation reported at Rs 6.266 billion, up by 4 percent against the corresponding period last year. The Bank's earnings per share were reported at Rs 3
Published 28 Oct, 2016 12:00am
Bank Alfalah posts profit after tax of Rs 6.266 billion

Bank Alfalah posts profit after tax of Rs 6.266 billion

Bank Alfalah announced its results for the nine months period ended September 30, 2016 with profit after taxation reported at Rs 6.266 billion, up by 4 percent against the corresponding period last year. The Bank's earnings per share were reported at Rs 3
Published 28 Oct, 2016 12:00am
Q1 Lucky Cement records Rs 3.24 billion profit

Q1 Lucky Cement records Rs 3.24 billion profit

Lucky Cement Limited reported net profit of Rs 3.24 billion for the first quarter ended September 30, 2016 which is 9.1 percent higher than the same period last year. Consequently, the earnings per share (EPS) for the quarter increased to Rs 10.01 compare
Published 28 Oct, 2016 12:00am
Q1 Lucky Cement records Rs 3.24 billion profit

Q1 Lucky Cement records Rs 3.24 billion profit

Lucky Cement Limited reported net profit of Rs 3.24 billion for the first quarter ended September 30, 2016 which is 9.1 percent higher than the same period last year. Consequently, the earnings per share (EPS) for the quarter increased to Rs 10.01 compare
Published 28 Oct, 2016 12:00am
Sindh Bank 9 months pre-tax profit increases to Rs 1,776 million

Sindh Bank 9 months pre-tax profit increases to Rs 1,776 million

The Board of Directors of Sindh Bank in their meeting held on October 18, 2016considered and approved the accounts of the Bank for the nine months ended September 30, 2016. During the period under review, the Bank maintained satisfactory growth in deposit
Published 28 Oct, 2016 12:00am
Sindh Bank 9 months pre-tax profit increases to Rs 1,776 million

Sindh Bank 9 months pre-tax profit increases to Rs 1,776 million

The Board of Directors of Sindh Bank in their meeting held on October 18, 2016considered and approved the accounts of the Bank for the nine months ended September 30, 2016. During the period under review, the Bank maintained satisfactory growth in deposit
Published 28 Oct, 2016 12:00am
Case submitted to Nepra: Punjab industry may get power on cheap rates

Case submitted to Nepra: Punjab industry may get power on cheap rates

"Punjab Government has submitted a case to Nepra for supply of the electricity to industry on cheaper rates and it is hoped that entrepreneurs of Punjab would soon listen a good news. CPEC is a game changer project and we would have to avail this opportun
Published 28 Oct, 2016 12:00am
ACS for resolving grievances of Overseas Pakistanis

ACS for resolving grievances of Overseas Pakistanis

Additional Chief Secretary Punjab Shamail Ahmed Khawaja held a video link conference to review the progress of the cases referred by the Overseas Pakistanis Commission (OPC) Punjab to the administration and Police high-up's of Lahore division at civil Sec
Published 28 Oct, 2016 12:00am
LHC orders Punjab government to present audit report before PAC

LHC orders Punjab government to present audit report before PAC

The Lahore High Court on Thursday directed the principal secretary to chief minister, governor Punjab and others to produce the audit reports of district governments from 2013 till date before the Public Accounts Committee (PAC) of the Punjab Assembly.
Published 28 Oct, 2016 12:00am
PTI caravan leaves for Islamabad

PTI caravan leaves for Islamabad

Pakistan Tehreek-e-Insaf (PTI) supporters left for Islamabad on Thursday to participate in the protest on November 2. The workers gathered at Data Darbar early Thursday morning. The caravan was seen off by former PTI Punjab president Ijaz Chaudhry and cen
Published 28 Oct, 2016 12:00am
International moot on medical education begins

International moot on medical education begins

A three-day international conference on medical education began at the University of Health Sciences (UHS), here on Thursday with 37 workshops organized on the first day in 16 different public and private sector medical institutions of the provincial metr
Published 28 Oct, 2016 12:00am
LDA's One Window Cell shut for two days

LDA's One Window Cell shut for two days

One Window Cell of Lahore Development Authority will remain closed for public dealing for two days on Friday and Saturday, the 28th and 29th of October 2016. Public has been advised to not to come to the One Window Cell during these days to avoid inconven
Published 28 Oct, 2016 12:00am
Certain elements want to derail democracy: Shahbaz

Certain elements want to derail democracy: Shahbaz

Dream of economic development, progress and prosperity cannot be realised without maintaining peace. Agitations and dharnas will push the country back besides denting its soft image at the global level. This was crux of the speeches delivered at a seminar
Published 28 Oct, 2016 12:00am
'Development projects being executed in Punjab on faster pace'

'Development projects being executed in Punjab on faster pace'

The Punjab Planning & Development Department remains committed to a development strategy that fulfils the needs and aspirations of the people while different development projects are being executed on a fast speed by the Punjab government.
Published 28 Oct, 2016 12:00am
Meezan Bank's AR: second position in 'Best Corporate Report Awards'

Meezan Bank's AR: second position in 'Best Corporate Report Awards'

Meezan Bank's Annual Report (AR) 2015, based on the theme 'Infinite Possibilities' has been awarded the prize of being the 2nd Best Corporate Report in Pakistan's banking sector by the joint committee of Institute of Chartered Accountants of Pakistan (ICA
Published 28 Oct, 2016 12:00am
Easypaisa introduces money transfer to any mobile number

Easypaisa introduces money transfer to any mobile number

In yet another instance of innovating mobile financial services landscape, Pakistan's first and largest branchless banking service Easypaisa has introduced money transfer from Easypaisa Account to any mobile number.
Published 28 Oct, 2016 12:00am
Southeast Asian stocks mostly down

Southeast Asian stocks mostly down

Southeast Asian shares were largely lower on Thursday, in line with broader Asia, with the Philippine index losing ground for a sixth session as President Rodrigo Duterte's threats to the United States spooked investors. Asian shares fell after disappoint
Published 28 Oct, 2016 12:00am
Tokyo shares down

Tokyo shares down

Tokyo shares fell Thursday as investors took profits a day after the Nikkei closed at a six-month high, but IT firm Fujitsu soared almost eight percent as it said it was in talks to merge its PC with business with China's Lenovo. The Nikkei has rallied in
Published 28 Oct, 2016 12:00am
Apple drags S&P; Boeing lifts Dow

Apple drags S&P; Boeing lifts Dow

Quarterly results were the main driver for Wall Street on Wednesday as a decline in Apple shares weighed on the S&P 500 and Nasdaq, while the price-weighted Dow Industrials was buoyed by gains in Boeing. Apple, the world's largest exchange-traded company,
Published 28 Oct, 2016 12:00am
Hong Kong stocks down

Hong Kong stocks down

Hong Kong shares fell on Thursday as investors were spooked by an unexpectedly sharp drop in China's industrial profits. The Hang Seng index fell 0.8 percent, to 23,132.35, while the China Enterprises Index lost 0.9 percent, to 9,608.91 points. Most secto
Published 28 Oct, 2016 12:00am
Treasury yields rise on upbeat US data

Treasury yields rise on upbeat US data

US Treasury debt yields rose on Wednesday, bolstered by a fresh batch of economic data that enhanced the outlook for third-quarter US gross domestic product data due on Friday. Gains in US Treasury yields also spurred rises in other global bond markets. B
Published 28 Oct, 2016 12:00am
Treasury yields rise on upbeat US data

Treasury yields rise on upbeat US data

US Treasury debt yields rose on Wednesday, bolstered by a fresh batch of economic data that enhanced the outlook for third-quarter US gross domestic product data due on Friday. Gains in US Treasury yields also spurred rises in other global bond markets. B
Published 28 Oct, 2016 12:00am
Indian shares up

Indian shares up

India's benchmark BSE index snapped two sessions of losses and ended higher on Thursday while the broader NSE index cut early losses to close flat, helped by a recovery in financials towards the second half of the trading session. The NSE index ended unch
Published 28 Oct, 2016 12:00am
China stocks dip

China stocks dip

China stocks edged lower on Thursday, reversing some losses in the morning session, while investors remained cautious in the face of slowing industrial profit growth, persistent yuan weakness, and growing concerns over tighter liquidity. The bluechip CSI3
Published 28 Oct, 2016 12:00am
European shares end flat after choppy day, Amec sinks 20 percent

European shares end flat after choppy day, Amec sinks 20 percent

European shares steadied at the close on Thursday, with stronger pharmaceutical and banking stocks offsetting a slump in companies like Amec Foster and Berendsen. The pan-European STOXX 600 index ended flat in percentage terms after moving in and out of p
Published 28 Oct, 2016 12:00am
Australian shares plunge

Australian shares plunge

Australian shares closed at its lowest in a month on Thursday, after doubts over Opec's ability to organise a co-ordinated production cut weighed on oil prices, and National Australia Bank's positive results were unable to soothe sentiment. The S&P/ASX 20
Published 28 Oct, 2016 12:00am
Sliding yuan drags Asia FX lower
Currency

Sliding yuan drags Asia FX lower

Most emerging Asian currencies fell on Thursday as China's yuan hit a six-year low in offshore markets, with the dollar just shy of this week's nine-month peak amid solid expectations of a US interest rate hike in December. The offshore renminbi touched 6
Published 28 Oct, 2016 12:00am
Dollar dips against majors in New York
Currency

Dollar dips against majors in New York

The US dollar dipped against a basket of major currencies on Wednesday, reflecting nervousness surrounding Federal Reserve monetary policy and the US election, a day after touching a nearly nine-month high. Analysts said expectations the Fed would raise i
Published 28 Oct, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.40-78.42 (previous 78.40-78.40).
Published 28 Oct, 2016 12:00am
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