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Print - 2016-10-30
Kuwait still looking to issue $9.9 billion bonds

Kuwait still looking to issue $9.9 billion bonds

Kuwait is still considering the issuance of international bonds worth around 3 billion dinars ($9.90 billion), a finance ministry official told Al Arabiya TV on Monday. Like other Gulf Arab states, Kuwait is turning to debt capital markets to raise money
Published 30 Oct, 2016 12:00am
No compromise on rescue training: Dr Rizwan

No compromise on rescue training: Dr Rizwan

The Director General, Punjab Emergency Services (Rescue 1122), Dr Rizwan Naseer said that quality training is the backbone of Rescue 1122, as our performance is dependent on training, therefore, no compromise can be made on training standards.
Published 30 Oct, 2016 12:00am
Death of a newborn: chief minister forms inquiry committee

Death of a newborn: chief minister forms inquiry committee

Punjab Chief Minister Muhammad Shahbaz Sharif has constituted an inquiry committee to ascertain the facts about death of a newborn in Rawalpindi. Principal Rawalpindi Medical College Dr Umer will be convenor of the committee while members include Member C
Published 30 Oct, 2016 12:00am
Pakistan most cooperative in advancing Belt's initiative: Chinese SIC

Pakistan most cooperative in advancing Belt's initiative: Chinese SIC

Pakistan has emerged as most co-operative country in advancing 'Belt and Road" initiative, said Chinese State Information Center (SIC). The SIC in its first data-book on the "Belt and Road" Initiative, issued here appreciated Pakistan's support, extended
Published 30 Oct, 2016 12:00am
War against terrorism: Cooperation to continue with Pakistan: US

War against terrorism: Cooperation to continue with Pakistan: US

US State Department deputy spokesperson Mark Toner while briefing the newsmen in Washington on Friday said that the United States will continue to cooperate with Pakistan in war against terrorism. Answering a question regarding this week's terrorist attac
Published 30 Oct, 2016 12:00am
PM exempted from Section 144: Ex-president SCBA

PM exempted from Section 144: Ex-president SCBA

Former President Supreme Court Bar Association of Pakistan (SCBA) Kamran Murtaza has said that under Section 144 of the Code of Criminal Procedure (CrPC) Prime Minster or any other member of the executive cannot be barred from addressing a public gatherin
Published 30 Oct, 2016 12:00am
Political parties slammed for promoting 'un-Islamic' agenda

Political parties slammed for promoting 'un-Islamic' agenda

Jamiat Ulema-e-Islam-Fazl (JUI-F) FATA leaders have criticised the secular political parties for promoting un-Islamic and western agenda in the country. This was told by JUI (F) FATA Amir Mufti Abdushakoor while addressing the JUI-F Mohmand Agency workers
Published 30 Oct, 2016 12:00am
POF ready to meet Qatar's requirements: chairman

POF ready to meet Qatar's requirements: chairman

Minister of Defence Affairs Qatar, Dr Khalid Mohamed Al Attiyah, along with an official delegation on Saturday visited Pakistan Ordnance Factories (POF). Ambassador of Qatar also accompanied the delegation. On arrival at POF, the Minister of Defence Affai
Published 30 Oct, 2016 12:00am
SECP approves Securities Exchanges Regulations

SECP approves Securities Exchanges Regulations

In line with its efforts to strengthen the capital market, the Securities and Exchange Commission of Pakistan (SECP) has approved the Securities Exchanges (Licensing and Operations) Regulations, 2016. The regulations, which have been finalized after detai
Published 30 Oct, 2016 12:00am
Air Chief for strengthening ties between Pakistan, Italy

Air Chief for strengthening ties between Pakistan, Italy

Air Chief Marshal Sohail Aman, Chief of the Air Staff, Pakistan Air Force on Saturday called on General Claudio Graziano, Italian Chief of Defence. Both the dignitaries remained together for some time and discussed various matters of professional interest
Published 30 Oct, 2016 12:00am
NAB sets up its own forensic lab

NAB sets up its own forensic lab

National Accountability Bureau (NAB) has established its own Forensic Science Lab to provide for its rising needs to eliminate the menace of corruption from the society. This was said by Chairman NAB Qamar Zaman Chaudhary after reviewing the progress of N
Published 30 Oct, 2016 12:00am
Iraq forces launch operation to cut Mosul off from Syria

Iraq forces launch operation to cut Mosul off from Syria

Iraqi paramilitary forces launched an operation Saturday to cut the Islamic State group's supply lines between its Mosul bastion and neighbouring Syria, opening a new front in the nearly two-week-old offensive. Forces from the Hashed al-Shaabi, a paramili
Published 30 Oct, 2016 12:00am
Bob Dylan now says will accept Nobel prize for literature

Bob Dylan now says will accept Nobel prize for literature

American singer-songwriter Bob Dylan, who was awarded the Nobel Prize in Literature earlier this month, has now told the Swedish Academy that he will accept the prize. The notoriously media-shy Dylan had not made any comment on the 8 million crown ($900,0
Published 30 Oct, 2016 12:00am
Two suicide bombers kill nine in NE Nigeria

Two suicide bombers kill nine in NE Nigeria

Two suicide bombings rocked Nigeria's northeast city of Maiduguri on Saturday, killing at least nine people and injuring scores of others, emergency services said. One explosion happened outside a gas station, while the other was near the Bakassi camp for
Published 30 Oct, 2016 12:00am
Car bombs, rockets as Syria rebels fight to break Aleppo siege

Car bombs, rockets as Syria rebels fight to break Aleppo siege

Car bombs and rocket fire shook Aleppo Saturday as rebels battled to break a suffocating siege by the Syrian regime, accused by Washington of using starvation as a "weapon of war". The offensive, launched Friday, aims to break through a three-month encirc
Published 30 Oct, 2016 12:00am
France urges Britain to take in 1,500 'Jungle' minors

France urges Britain to take in 1,500 'Jungle' minors

French President Francois Hollande on Saturday urged Britain to take in 1,500 unaccompanied minors from the "Jungle" as officials stepped up efforts to finish demolishing the almost-deserted Calais migrant camp. Hailing the evacuation of the sprawling enc
Published 30 Oct, 2016 12:00am
Egypt gives life sentences to Brotherhood supporters

Egypt gives life sentences to Brotherhood supporters

An Egyptian court sentenced two Muslim Brotherhood supporters on Saturday to life in prison and 16 others to 15 years in jail for a violent assault on a Cairo neighbourhood in 2013 after the ouster of former president Mohamed Morsi. The attack, which left
Published 30 Oct, 2016 12:00am
Air strike kills 17 in Yemen

Air strike kills 17 in Yemen

At least 17 civilians were killed in Yemen's southwestern province of Taiz on Saturday by a Saudi-led coalition air strike that struck a house, local officials and residents said. The raid targeted a house in the al-Salw district, the sources said, an are
Published 30 Oct, 2016 12:00am
American Airlines jet catches fire on takeoff

American Airlines jet catches fire on takeoff

The engine of an American Airlines Group Inc jet caught fire seconds from takeoff at Chicago's O'Hare International Airport on Friday, prompting the crew to abort its departure and evacuate passengers via emergency chutes, authorities said. No serious inj
Published 30 Oct, 2016 12:00am
Rains, floods kill 18 in Egypt

Rains, floods kill 18 in Egypt

At least 18 people have been killed over three days of heavy rains and flooding in parts of Egypt, the health ministry said on Saturday. The toll included one killed in South Sinai province since Thursday, and nine in the eastern Red Sea province, a healt
Published 30 Oct, 2016 12:00am
Thousands protest in South Korea, demand president quit over scandal

Thousands protest in South Korea, demand president quit over scandal

Thousands of South Koreans rallied in Seoul on Saturday demanding the resignation of President Park Geun-hye, as a crisis deepened over allegations a friend exerted inappropriate influence over her and interfered in state affairs. The street protest came
Published 30 Oct, 2016 12:00am
Clinton on defensive after surprise FBI email announcement

Clinton on defensive after surprise FBI email announcement

Hillary Clinton, on the defensive after the FBI began reexamining her email practices, was headed to the crucial state of Florida on Saturday as her White House rival Donald Trump sought to take advantage of the latest revelation in the long-running affai
Published 30 Oct, 2016 12:00am
Venezuela crisis, Colombia peace dominate Latin American summit
Currency

Venezuela crisis, Colombia peace dominate Latin American summit

Venezuela's fast-escalating political crisis and Colombia's stuttering peace process looked certain to dominate the Ibero-American Summit on Saturday rather than an official agenda about youth, entrepreneurship and education. Amid a swing to the political
Published 30 Oct, 2016 12:00am
Pakistan target historic 9-0 rout of West Indies

Pakistan target historic 9-0 rout of West Indies

Pakistan are determined to complete an historic 9-0 rout of the West Indies when the two teams meet in the third and final Test in Sharjah from Sunday. Having blanked their opponents 3-0 in both the Twenty20 and one-day internationals, Pakistan also claim
Published 30 Oct, 2016 12:00am
PCB body finalises recommendation for BoGs

PCB body finalises recommendation for BoGs

The audit committee of the Board of Governors (BoGs) of Pakistan Cricket Board (PCB) which met with Masood Khan in the chair, finalised its recommendations for presentation before the BoGs in its meeting to be held next month. The other members of the Aud
Published 30 Oct, 2016 12:00am
Cibulkova in final

Cibulkova in final

Newly crowned world number one Angelique Kerber crushed the defending champion Agnieszka Radwanska 6-2 6-1 on Saturday to advance to the final of the WTA's end-of-season championship against Slovakia's Dominika Cibulkova. A surprise finalist, Cibulkova bo
Published 30 Oct, 2016 12:00am
Perera hits ton as Sri Lanka punish sloppy Zimbabwe

Perera hits ton as Sri Lanka punish sloppy Zimbabwe

Kusal Perera struck his maiden Test century as Sri Lanka took control of the first Test against Zimbabwe on the opening day at Harare Sports Club on Saturday. Perera took advantage of two dropped catches to make an attacking 110, while Kaushal Silva score
Published 30 Oct, 2016 12:00am
Mishra spins India to series win over New Zealand

Mishra spins India to series win over New Zealand

Leg-spinner Amit Mishra claimed five wickets to skittle New Zealand out for a paltry 79 as India thrashed the Black Caps by 190 runs to clinch the five-match one-day international series 3-2 in Visakhapatnam on Saturday. The visitors, who were chasing a t
Published 30 Oct, 2016 12:00am
Bangladesh ahead in topsy-turvy Test

Bangladesh ahead in topsy-turvy Test

Left-arm spinner Zafar Ansari dismissed Mahmudullah Riyad off the final ball of the day to bring England back into the contest in the second Test after Bangladesh surged ahead with 152-3 at stumps on the second day. Bangladesh made a confident start in th
Published 30 Oct, 2016 12:00am
Yuan bearish bets at near 10-month high
Currency

Yuan bearish bets at near 10-month high

Bearish bets on China's yuan hit a near ten-month high in the last two weeks as the central bank guided it weaker to reflect a firm dollar, and sentiment towards most emerging Asian currencies stayed pessimistic with US interest rates expected to rise. Th
Published 30 Oct, 2016 12:00am
Some analysts expect Czech crown surge, forint seen flat
Currency

Some analysts expect Czech crown surge, forint seen flat

The Czech crown could lead some Central European currencies higher in the next 12 months if the country's central bank decides to abandon its cap on the currency, a Reuters poll showed on Thursday. The median forecast in the poll, taken this week, sees th
Published 30 Oct, 2016 12:00am
US dollar net longs hit highest since late January

US dollar net longs hit highest since late January

Speculators increased favourable bets on the US dollar for a fifth straight week, with net longs touching their highest since late January, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The va
Published 30 Oct, 2016 12:00am
Indonesia expects forex reserves to rise to $151.5 billion by end-2017

Indonesia expects forex reserves to rise to $151.5 billion by end-2017

Indonesia's central bank expects a $38 billion increase in foreign exchange reserves by the end of 2017, partly due to the government's flagship tax amnesty programme, its governor said on Thursday. The amnesty offers low penalty rates for taxpayers who d
Published 30 Oct, 2016 12:00am
Canadian dollar recovers from seven-month low
Currency

Canadian dollar recovers from seven-month low

The Canadian dollar strengthened slightly against its US counterpart on Friday, recovering from an earlier seven-month low as increased US political uncertainty pressured the greenback, offsetting lower oil prices. For the week, the loonie fell 0.4 percen
Published 30 Oct, 2016 12:00am
Blockchain start-ups pair up on currency processing platform
Currency

Blockchain start-ups pair up on currency processing platform

Two London-based start-ups have joined forces on a platform to process currency trades with blockchain technology, in an effort to cut settlement times and costs in the $5 trillion-a-day global foreign exchange market. Cobalt DL, fronted by former Citi an
Published 30 Oct, 2016 12:00am
Wall Street falls as FBI to review more Clinton emails

Wall Street falls as FBI to review more Clinton emails

US stocks declined in a volatile session on Friday but were able to partially recover from a sharp drop spurred by news the FBI will review more emails related to Democratic presidential candidate Hillary Clinton's private email use. Each of the three maj
Published 30 Oct, 2016 12:00am
Treasury short-dated yields slip

Treasury short-dated yields slip

US Treasury short-dated yields fell from five-month peaks to trade flat on Friday after the Federal Bureau of Investigation said it will investigate additional emails relating to Hillary Clinton's use of a private server. US yields, which move inversely t
Published 30 Oct, 2016 12:00am
Treasury short-dated yields slip

Treasury short-dated yields slip

US Treasury short-dated yields fell from five-month peaks to trade flat on Friday after the Federal Bureau of Investigation said it will investigate additional emails relating to Hillary Clinton's use of a private server. US yields, which move inversely t
Published 30 Oct, 2016 12:00am
Access Bank Ghana launches IPO

Access Bank Ghana launches IPO

Access Bank Ghana, a subsidiary of Access Bank of Nigeria, launched an initial public share offer on Monday aimed at raising at least 104 million cedis ($26 million). The Nigerian bank told Reuters it would also cut its stake to 78 percent from 100 percen
Published 30 Oct, 2016 12:00am
Access Bank Ghana launches IPO

Access Bank Ghana launches IPO

Access Bank Ghana, a subsidiary of Access Bank of Nigeria, launched an initial public share offer on Monday aimed at raising at least 104 million cedis ($26 million). The Nigerian bank told Reuters it would also cut its stake to 78 percent from 100 percen
Published 30 Oct, 2016 12:00am
Largest exodus in five years hits US-based stock mutual funds: ICI

Largest exodus in five years hits US-based stock mutual funds: ICI

Mutual fund investors flooded stockpickers with redemption orders during the latest week, cashing out the most money in five years, Investment Company Institute data showed on Wednesday. The investors pulled $16.9 billion from stock mutual funds in the se
Published 30 Oct, 2016 12:00am
Largest exodus in five years hits US-based stock mutual funds: ICI

Largest exodus in five years hits US-based stock mutual funds: ICI

Mutual fund investors flooded stockpickers with redemption orders during the latest week, cashing out the most money in five years, Investment Company Institute data showed on Wednesday. The investors pulled $16.9 billion from stock mutual funds in the se
Published 30 Oct, 2016 12:00am
Kuwait still looking to issue $9.9 billion bonds

Kuwait still looking to issue $9.9 billion bonds

Kuwait is still considering the issuance of international bonds worth around 3 billion dinars ($9.90 billion), a finance ministry official told Al Arabiya TV on Monday. Like other Gulf Arab states, Kuwait is turning to debt capital markets to raise money
Published 30 Oct, 2016 12:00am
Grain exports from Russia in July-November seen reaching record high

Grain exports from Russia in July-November seen reaching record high

Russia's July-November grain exports are expected to reach a record high thanks to a resumption in sales to Egypt, the world's largest wheat importer, the SovEcon agriculture consultancy said on Tuesday. Egypt has resumed active wheat purchases after scra
Published 30 Oct, 2016 12:00am
EU clears 222,000 tonnes of wheat for exports

EU clears 222,000 tonnes of wheat for exports

The European Union granted export licences for just over 222,000 tonnes of soft wheat this week, taking the total volume so far in the 2016/17 season that started on July 1 to 7.7 million tonnes, official data showed on Thursday. This week's volume is the
Published 30 Oct, 2016 12:00am
European feeds: soyameal soars on fund-driven rally in Chicago

European feeds: soyameal soars on fund-driven rally in Chicago

Soyameal on the European meals and feeds market was offered sharply higher on Thursday on a fund-driven rally in CBOT soyacomplex futures. That came because of a softer dollar and uncertainty about Federal Reserve monetary policy steering speculative mone
Published 30 Oct, 2016 12:00am
Brazil's No 1 soyabean state 68 percent planted

Brazil's No 1 soyabean state 68 percent planted

Soyabean planting in Brazil's leading producer state Mato Grosso reached 67.7 percent of the expected area, jumping 25.5 percentage points in one week after rains across the grain state set the stage for an early start to the season. By the end of October
Published 30 Oct, 2016 12:00am
US FOB Gulf corn, soya offers firmer

US FOB Gulf corn, soya offers firmer

Export premiums for corn and soyabeans were steady to higher at the US Gulf Coast on Thursday, supported by strong international demand and following recent gains in the barge market, traders said. Shipping costs for barges bound for the Gulf reached mult
Published 30 Oct, 2016 12:00am
Asian naphtha crack rises to 6-1/2 month high

Asian naphtha crack rises to 6-1/2 month high

Asia's naphtha crack rose for the sixth straight session on Thursday to reach a 6-1/2 month high of $76.73 a tonne, while gasoline hit a five-month high of $10.28 a barrel despite this being the off-peak demand season for petrol. For more than five months
Published 30 Oct, 2016 12:00am
HRW wheat bids fall

HRW wheat bids fall

Basis bids for hard red winter (HRW) wheat in the southern US Midwest declined 2 cents per bushel for trains headed to the US Gulf Coast on Thursday, dealers said. They said bids elsewhere were unchanged at interior elevators after futures pulled back fro
Published 30 Oct, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures mostly rose on Thursday, touching a new four-month high, on technical buying and as the harvest remained behind schedule. Saskatchewan harvest has stalled since early October. Eighty percent of canola was combined as of Monday.
Published 30 Oct, 2016 12:00am
Asian rice prices weak on Chinese purchase of Vietnamese grain

Asian rice prices weak on Chinese purchase of Vietnamese grain

Asian rice prices were largely subdued this week on thin buying demand despite purchase of Vietnamese grain by China and the likelihood of demand emerging from the Philippines, traders said on Wednesday. The Thai market also remained dull, with quotations
Published 30 Oct, 2016 12:00am
China's iron ore rises to 26-month high

China's iron ore rises to 26-month high

Iron ore futures in China rose for a fourth straight session on Thursday to hover near a 26-month high on firm demand for high-grade material as Chinese steel producers boost productivity to use less coal. The spot price for high-grade iron ore rose to th
Published 30 Oct, 2016 12:00am
Freight rates for large capesize dry cargo fall to eight-week low

Freight rates for large capesize dry cargo fall to eight-week low

Freight rates for large capesize dry cargo ships on key Asian routes, which fell to an eight-week low on Wednesday, are likely to continue to slide next week as charterers drip-feed cargoes in an over-tonnaged market, brokers said on Thursday. "There is n
Published 30 Oct, 2016 12:00am
Palm oil prices lower in Europe

Palm oil prices lower in Europe

Palm oil prices in Europe were mostly lower on Thursday, with the market weighed down by weak exports and a decline in CBOT soybean oil futures. Sellers of RBD palm olein cut asking prices by $5 to $7.50 a tonne, with January/March shipment last traded at
Published 30 Oct, 2016 12:00am
CBOT wheat futures up for third straight session

CBOT wheat futures up for third straight session

Wheat futures on the Chicago Board of Trade closed higher on Thursday for a third straight session, lifted by short-covering and stronger-than-expected weekly export sales, traders said. CBOT December wheat settled up 3 cents at $4.14-1/2 per bushel. K.C.
Published 30 Oct, 2016 12:00am
US Midwest corn bids higher

US Midwest corn bids higher

Spot basis bids for corn rose in the US Midwest, while soyabeans were narrowly mixed as harvest was close to finishing up on Thursday, grain merchants said. Corn basis bids went up by 1-8 cents per bushel, while soya bids by 2-3 cents at an Indiana elevat
Published 30 Oct, 2016 12:00am
US natural gas futures edge higher

US natural gas futures edge higher

US natural gas futures stopped falling on Thursday and edged higher despite a report showing a storage build in line with expectations and forecasts for mild weather over the next two weeks. That small gain came after the front-month, which expired on Thu
Published 30 Oct, 2016 12:00am
European wheat rises on tight maize market

European wheat rises on tight maize market

Western European wheat markets rose on Thursday, with benchmark Paris futures hitting a two-month high, as tensions in the maize market spilled over into wheat while weakness in the euro maintained export hopes in Germany. December milling wheat on Paris-
Published 30 Oct, 2016 12:00am
Brazil's crystal sugar touches all-time high

Brazil's crystal sugar touches all-time high

A 50-kg bag of crystal sugar reached 100.68 reais ($32.12) at the close of business in Sao Paulo on Wednesday, an all-time high as the cane harvest ends earlier than expected and the world heads into the second year of deficit in the sweetener.
Published 30 Oct, 2016 12:00am
China's wheat problem sets to worsen in 2017

China's wheat problem sets to worsen in 2017

China surely does not need any more wheat in its bins, but Beijing's latest pricing nearly ensures that the country's oversupply will remain burdensome both for the Chinese and the world through at least next year. Beijing has set its 2017 state wheat pur
Published 30 Oct, 2016 12:00am
Oil from Kazakhstan's Kashagan field exported for first time

Oil from Kazakhstan's Kashagan field exported for first time

Kazakhstan's vast offshore Kashagan oil field has produced its first crude for export, authorities in the ex-Soviet nation said Friday, in spite of many setbacks. More than 26,000 tonnes of crude oil and 22.8 million cubic meters of natural gas have been
Published 30 Oct, 2016 12:00am
Volumes down, discontent up on the London Metal Exchange

Volumes down, discontent up on the London Metal Exchange

Volumes are falling. Discontent is rising. Even the London Metal Exchange's (LME) new building in Finsbury Square was a let-down. Quite literally. The LME ring, one of the last surviving relics of open outcry trading, was temporarily banished to Chelmsfor
Published 30 Oct, 2016 12:00am
Price slump to curb US wheat acres while Russia expands

Price slump to curb US wheat acres while Russia expands

US farmers are poised to plant winter wheat on the smallest area in over a century this autumn, as tumbling global prices and fierce competition push the world's former top supplier into retreat. But even that shrinkage is unlikely to dent massive global
Published 30 Oct, 2016 12:00am
Egypt has seized 9,000 tonnes of sugar in raids so far

Egypt has seized 9,000 tonnes of sugar in raids so far

Egypt has seized 9,000 tonnes of sugar in recent raids on factories and warehouses, the prime minister said on Monday, describing the move as necessary to deal with a shortage of the commodity. Sugar has all but vanished from supermarkets, prompting media
Published 30 Oct, 2016 12:00am
French wheat quality survey confirms high protein, low density

French wheat quality survey confirms high protein, low density

Farm office FranceAgriMer left wheat quality ratings nearly unchanged in its latest survey released on Wednesday, with the 2016 harvest in the EU's largest producer still expected to show particularly high protein and poor grain density. The update, carri
Published 30 Oct, 2016 12:00am
IGC raises forecasts for global corn, wheat crops

IGC raises forecasts for global corn, wheat crops

The International Grains Council raised its forecast for the 2016/17 world corn crop on Thursday to a record high 1.035 billion tonnes, boosted by upward adjustments for the United States, Argentina and India. The inter-governmental body, in a monthly rep
Published 30 Oct, 2016 12:00am
South Korea, Japan and China agree to act against trade protectionism

South Korea, Japan and China agree to act against trade protectionism

Trade ministers of South Korea, Japan and China expressed concerns over trade protectionism they said has been increasing globally, and promised to take joint action against it. The ministers agreed at a trilateral meeting in Tokyo on Saturday to maintain
Published 30 Oct, 2016 12:00am
TSX falls as banks and energy slip

TSX falls as banks and energy slip

Canada's main stock index fell on Friday, with a drop in oil prices weighing on energy stocks and heavyweight financial names also slipping as investors worried about the country's growth prospects. The index shed 1 percent on the week, after closing last
Published 30 Oct, 2016 12:00am
Latam markets swoon on news of FBI probe of Clinton emails
Currency

Latam markets swoon on news of FBI probe of Clinton emails

Latin American stocks and currencies mostly fell on Friday following news that the FBI will review more emails related to Democratic presidential candidate Hillary Clinton's private email use. Mexico's peso sank nearly 1.4 percent, blowing past 19 per dol
Published 30 Oct, 2016 12:00am
China stocks regulator approves 14 IPOs

China stocks regulator approves 14 IPOs

China's securities regulator has approved 14 initial public offerings (IPOs) which aim to raise a combined total of up to 10.1 billion yuan ($1.49 billion), it said. Seven are on the Shanghai bourse, two on the Shenzhen small and medium enterprise (SME) b
Published 30 Oct, 2016 12:00am
Rich countries may take lead in recession-proof debt project

Rich countries may take lead in recession-proof debt project

Some of the world's most advanced economies may club together to sell growth-linked bonds, creating a market that could help avert future debt crises, sources familiar with discussions among Group of 20 policymakers told Reuters. Countries like Britain an
Published 30 Oct, 2016 12:00am
Rich countries may take lead in recession-proof debt project

Rich countries may take lead in recession-proof debt project

Some of the world's most advanced economies may club together to sell growth-linked bonds, creating a market that could help avert future debt crises, sources familiar with discussions among Group of 20 policymakers told Reuters. Countries like Britain an
Published 30 Oct, 2016 12:00am
Slovenia unveils debt reprofiling, yields near recent lows

Slovenia unveils debt reprofiling, yields near recent lows

Slovenia's borrowing costs held close to recent record lows on Wednesday after it unveiled a plan to reprofile its debt in a move that takes advantage of the European Central Bank's massive bond-buying scheme. In its third such move this year, Slovenia sa
Published 30 Oct, 2016 12:00am
Slovenia unveils debt reprofiling, yields near recent lows

Slovenia unveils debt reprofiling, yields near recent lows

Slovenia's borrowing costs held close to recent record lows on Wednesday after it unveiled a plan to reprofile its debt in a move that takes advantage of the European Central Bank's massive bond-buying scheme. In its third such move this year, Slovenia sa
Published 30 Oct, 2016 12:00am
Opec, non-oil cartel members discuss production cuts

Opec, non-oil cartel members discuss production cuts

Opec officials held talks with Russia and other non-cartel members Saturday in Vienna to debate how to implement a plan aimed at cutting oil output to reduce a global supply glut and bolster prices. "The recovery process has taken far too long and we cann
Published 30 Oct, 2016 12:00am
Tajikistan begins building $4 billion mega-dam

Tajikistan begins building $4 billion mega-dam

Ex-Soviet republic Tajikistan on Saturday marked the start of construction of a controversial $4 billion Rogun hydroelectric dam conceived in the Soviet era, the presidential press service said. The high-profile ceremony was held in Rogun some 100 kilomet
Published 30 Oct, 2016 12:00am
German minister ups rhetoric against takeovers ahead of China trip

German minister ups rhetoric against takeovers ahead of China trip

China is strategically buying up key technologies in Germany while protecting its own companies against foreign takeovers with "discriminatory requirements", German Economy Minister Sigmar Gabriel said on Saturday. Gabriel, also vice chancellor and leader
Published 30 Oct, 2016 12:00am
Colombia holds interest rate steady

Colombia holds interest rate steady

Colombia's central bank held its benchmark interest rate unchanged on Friday as policymakers attempt to quell stubbornly high inflation even as economic growth slows. The seven-member board voted unanimously to maintain the lending rate at 7.75 percent fo
Published 30 Oct, 2016 12:00am
IEA hikes green energy forecast after 'turning point' year

IEA hikes green energy forecast after 'turning point' year

Government support and lower costs will power stronger-than-expected global growth in renewable energy over the next five years, the International Energy Agency (IEA) said Tuesday. After a record 2015, global renewable electricity capacity will grow by 82
Published 30 Oct, 2016 12:00am
South Africa maize farmers seen planting larger area this season

South Africa maize farmers seen planting larger area this season

South African farmers intend to plant 25 percent more hectares of maize this season in the hope that decent rainfall will ease the hardship caused by last year's scorching drought, a Reuters' poll showed on Monday. South Africa's Crop Estimates Committee
Published 30 Oct, 2016 12:00am
Goldman raises base metals price forecasts for 2017

Goldman raises base metals price forecasts for 2017

Goldman Sachs on Thursday revised its price forecasts higher for 2017 for all base metals amid expectations for stronger demand and higher coal prices. Demand for base metals from China was likely to grow in 2017, the influential Wall Street investment ba
Published 30 Oct, 2016 12:00am
Gold heading for best year in four in 2017-poll

Gold heading for best year in four in 2017-poll

Gold is expected to post its highest average annual price in four years in 2017, a Reuters poll showed on Friday, after bottoming out this year following three straight years of decline. The poll of 35 analysts and traders conducted over the last two week
Published 30 Oct, 2016 12:00am
Residential land prices in China's first-tier cities soar

Residential land prices in China's first-tier cities soar

Residential land prices in China's first-tier cities soared 19.02 percent on-year in the third quarter, while prices diverged dramatically between cities in other tiers, Ministry of Land and Resources (MLR) data showed. Residential land prices in China's
Published 30 Oct, 2016 12:00am
Foreigners sharply curb Vancouver home purchases in wake of tax

Foreigners sharply curb Vancouver home purchases in wake of tax

Foreigner buyers sharply scaled back Vancouver-area property purchases in September after British Columbia introduced a tax on international investors aimed at cooling the city's housing market, data from the Canadian province showed on Friday. Overseas i
Published 30 Oct, 2016 12:00am
Tesla's Musk unveils solar roof tiles, longer-lasting batteries

Tesla's Musk unveils solar roof tiles, longer-lasting batteries

Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp. The products include solar-powered roof tiles that el
Published 30 Oct, 2016 12:00am
Three Tata executives quit, adding to uncertainty at Indian group

Three Tata executives quit, adding to uncertainty at Indian group

Three senior group executives at India's Tata Sons have resigned, people close to the matter told Reuters on Saturday, as management woes appeared to deepen at the $100 billion conglomerate following the stunning ouster of its chairman. The three executiv
Published 30 Oct, 2016 12:00am
Scientific research data Iranian Centre to set up sub-office at UHS

Scientific research data Iranian Centre to set up sub-office at UHS

The Regional Information Centre for Science and Technology (RICeST) Shiraz, Iran, will establish its sub-office at University of Health Sciences (UHS) to gather scientific research data of the universities of Pakistan. An agreement to this effect was sign
Published 30 Oct, 2016 12:00am
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