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Print - 2016-11-23
Reinquiry into May 12 incident: CJ SHC refuses to hear case

Reinquiry into May 12 incident: CJ SHC refuses to hear case

Sindh High Court Chief Justice has refused to hear a petition pleading the court to order reinquiry of the May 12 incident case. Refusing to hear the petition Chief Justice SHC Justice Sajjad Ali Shah commented that he was a part of the first larger bench
Published 23 Nov, 2016 12:00am
Provincial tax collection surges 37 percent in fiscal year 2016

Provincial tax collection surges 37 percent in fiscal year 2016

Provincial tax collection posted an impressive growth of over 37 percent during FY16 supported by higher collection of GST on services. Provincial governments were able to put together a better fiscal performance in FY16 as compared to previous year. Prov
Published 23 Nov, 2016 12:00am
Clinics establishment: PHF approves interest-free micro loan schemes

Clinics establishment: PHF approves interest-free micro loan schemes

Board of Directors of Punjab Health Foundation has approved interest-free small loans schemes for nurses, allied health professionals, Hakeems, homeopaths and MBBS doctors for setting up of their clinics to provide quality healthcare for the public. In th
Published 23 Nov, 2016 12:00am
Pakistan cannot remain aloof from strategic balance: Aziz

Pakistan cannot remain aloof from strategic balance: Aziz

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Tuesday dubbed the India's failed attempt to isolate Pakistan as a myopic thinking and a futile attempt to deprive the people of the region of greater economic integration.
Published 23 Nov, 2016 12:00am
MCCI expresses concern over low gas pressure

MCCI expresses concern over low gas pressure

The Multan Chamber of Commerce & Industry (MCCI) has expressed its concern over continuous low gas pressure to industry as well as domestic consumers and urged the authorities concerned to resolve the issue once for all.
Published 23 Nov, 2016 12:00am
Ideas-2016: Two MoUs signed

Ideas-2016: Two MoUs signed

2 Memorandum of Understanding (MOU) have been signed on the inaugural day of IDEAS 2016. According to details, 1 MOU has been signed between Pakistan Ordnance Factories with M/S New Lachaussee, Belgium for procurement of Primer Filling Plant.
Published 23 Nov, 2016 12:00am
Ideas-2016: Two MoUs signed

Ideas-2016: Two MoUs signed

2 Memorandum of Understanding (MOU) have been signed on the inaugural day of IDEAS 2016. According to details, 1 MOU has been signed between Pakistan Ordnance Factories with M/S New Lachaussee, Belgium for procurement of Primer Filling Plant.
Published 23 Nov, 2016 12:00am
Mandviwalla slams PML-N government for 'stopping' NFC award

Mandviwalla slams PML-N government for 'stopping' NFC award

A non-statuary member NFC Sindh, Senator Saleem Mandviwalla on Tuesday criticized the PML-N government on stopping the new National Finance Commission (NFC) award. "The Federal Government is delaying it for the last four years, it should call the NFC meet
Published 23 Nov, 2016 12:00am
Clarification

Clarification

Apropos a news item titled "NTN requirement: Banks asked not to refuse services to sole proprietors" appeared on November 22, 2016, the State Bank of Pakistan has clarified that Circular (BPRD Circular Letter No 35 of 2016) mentioned in the story was issu
Published 23 Nov, 2016 12:00am
Cross-border input tax adjustment: MoF, FBR and KPRA may ink MoU today

Cross-border input tax adjustment: MoF, FBR and KPRA may ink MoU today

The Ministry of Finance, the Federal Board of Revenue (FBR) and Khyber Pakhtunkhawa Revenue Authority (KPRA) are expected to ink a Memorandum of Understanding (MoU) on cross-border input tax adjustment between the federation and the province here Wednesda
Published 23 Nov, 2016 12:00am
Government doing its best to overcome energy crises: Jam Kamal

Government doing its best to overcome energy crises: Jam Kamal

Pakistan has tremendous potential to grow as an energy-sufficient country that only needs investment-friendly policies and improved law and order, State Minister for Petroleum and Natural Resources Jam Kamal Khan said here on Tuesday.
Published 23 Nov, 2016 12:00am
Disqualification references: Hearing adjourned till December 5

Disqualification references: Hearing adjourned till December 5

The Election Commission of Pakistan (ECP) on Tuesday adjourned the hearing in disqualification references filed against Chairman Pakistan Tehreek-e-Insaf Imran Khan and PTI General Secretary Jehangir Khan Tareen till December 5. The date was extended on t
Published 23 Nov, 2016 12:00am
Mairaj Muhammad Khan Memorial Auditorium inaugurated

Mairaj Muhammad Khan Memorial Auditorium inaugurated

Sindh Chief Minister's Advisor for Labour and Human Resource Senator Saeed Ghani has inaugurated the Auditorium in memory of late Mairaj Muhammad Khan at a simple ceremony held at National Institute of Labour Administration & Training (NILAT) in Karachi t
Published 23 Nov, 2016 12:00am
Sharp decline in business confidence: survey

Sharp decline in business confidence: survey

OICCI announced the results of the Business Confidence Index Survey (BCI) - Wave 13 - conducted throughout the country in September/October 2016. Overall Business Confidence Score (BCS), remains positive, but the positivity has declined from 36% in April'
Published 23 Nov, 2016 12:00am
National Finance Olympiad 2016: six teams qualified for grand finale

National Finance Olympiad 2016: six teams qualified for grand finale

Thirty-six teams participated in the qualifying round of ICAP National Finance Olympiad 2016 that was held at the Institute of Chartered Accountants of Pakistan's (ICAP) offices in Karachi and Lahore simultaneously on Tuesday. It was an intensive 3-hour M
Published 23 Nov, 2016 12:00am
Governor SBP attends FSB meeting in London

Governor SBP attends FSB meeting in London

The Financial Stability Board (FSB) met in London last week with Mark Carney, Governor of the Bank of England, in chair to discuss current vulnerabilities, ongoing policy work and its work plan for 2017. Governor State Bank of Pakistan (SBP) Ashraf Mehmoo
Published 23 Nov, 2016 12:00am
Male dolphin rescued

Male dolphin rescued

A joint-team of WWF-Pakistan and Dolphin Conservation Centre, Sindh Wildlife Department has rescued a male dolphin on Monday (November 21, 2016) some 85 kilometers off Sukkur. A joint-team, led by Muhammad Imran Malik, Senior Officer, WWF-Pakistan with Mi
Published 23 Nov, 2016 12:00am
Efforts on to improve health, education sectors: DC

Efforts on to improve health, education sectors: DC

Deputy Commissioner Thatta Mirza Nasir Ali has said that District Administration is determinant to bring improvement in health, education, provision of civic facilities, eradication of polio and all other sectors in the district, so that the people of Tha
Published 23 Nov, 2016 12:00am
Admore Gas records impressive 55 percent growth in October

Admore Gas records impressive 55 percent growth in October

Admore Gas Private Limited (AGPL) has posted an impressive retail fuel sales growth of 55 percent in October against the same month last year, while it equally recorded 42 percent growth against the month of September. It is to be noted that the company h
Published 23 Nov, 2016 12:00am
Chandio pays surprise visit to Information Department

Chandio pays surprise visit to Information Department

Advisor Information Moula Bux Chandio paid a surprise visit to the Information Department and directed to take action against those who were found absent. He inspected the various sections of Sindh Information Department. He appreciated Director Press Inf
Published 23 Nov, 2016 12:00am
Nawaz dragging country towards debt quagmire: Bilawal

Nawaz dragging country towards debt quagmire: Bilawal

Pakistan Peoples' Party Chairman on Tuesday warned the people that Prime Minister Nawaz Sharif was dragging the country towards a quagmire of debt. "Within last three years, the PML-N government has burdened the nation with an additional Rs 8 trillion for
Published 23 Nov, 2016 12:00am
E-commerce trends in Pakistan changing rapidly

E-commerce trends in Pakistan changing rapidly

E-commerce trends in Pakistan are changing rapidly due to the growing number of broadband/3G/4G users as well as government efforts for digital inclusion. This was the crux of the workshop "Cracking E-Commerce 2.0," jointly organized by Planet N and Karan
Published 23 Nov, 2016 12:00am
Prime Minister visits ailing Governor Sindh

Prime Minister visits ailing Governor Sindh

Prime Minister Nawaz Sharif visited the Sindh Governor former Justice Saeed uz Zaman Siddiqui at a private hospital in Clifton on Tuesday. The Governor has been ailing since assuming office and under treatment at a private hospital due to a chest infectio
Published 23 Nov, 2016 12:00am
Right of self determination: UNGA body passes resolution

Right of self determination: UNGA body passes resolution

A committee of the UN General Assembly has unanimously passed a Pakistan-sponsored resolution reaffirming that the universal realisation of the right of peoples to self-determination was a fundamental condition for the effective guarantee and observance o
Published 23 Nov, 2016 12:00am
Senate body approves Criminal Law (Amendment) Bill 2016

Senate body approves Criminal Law (Amendment) Bill 2016

The Senate Standing Committee on Interior and Narcotics Control on Tuesday approved 'The Criminal Law (Amendment) Bill, 2016' to pave way for strengthening the criminal justice system by proposing tougher punishments for different crimes. Reforming and st
Published 23 Nov, 2016 12:00am
Mega corruption drug case: eight accused held by NAB Rawalpindi

Mega corruption drug case: eight accused held by NAB Rawalpindi

NAB Rawalpindi has arrested on Tuesday eight accused persons in mega corruption drug case namely Dr Muhammad Ali (The Then Secretary-cum-Member Drugs Pricing Committee), Ex member pricing (BPS-21) DRAP, Ahsan Feroze, Director of M/s Maple Pharmaceuticals
Published 23 Nov, 2016 12:00am
Visit to shrines: 81 Hindu pilgrims issued visas

Visit to shrines: 81 Hindu pilgrims issued visas

Pakistan High Commission here has issued visas to as many as 81 Hindu pilgrims to visit shrines in Pakistan for the 308th birthday celebrations of Shiv Avtari Satguru Sant Shadaram Saheb. In line with Pakistan's efforts to encourage people to people conta
Published 23 Nov, 2016 12:00am
Panama leaks: no more sit-ins after start of investigation: Imran

Panama leaks: no more sit-ins after start of investigation: Imran

Pakistan Tehrik-e-Insaaf Chairman Imran Khan has said that as investigation has started in the Panama Leaks, there will be no more sit-ins. Speaking to reporters at London's Heathrow airport before leaving for home, Imran Khan said Panama Leaks is a test
Published 23 Nov, 2016 12:00am
Qatari Prince ended Prime Minister's political career: Rasheed

Qatari Prince ended Prime Minister's political career: Rasheed

President of Awami Muslim League (AML) Sheikh Rasheed Ahmad on Tuesday claimed that the Qatari Prince has ended the political career of Prime Minister Nawaz Sharif. He was talking to media in London. Qatari Prince and former prime minister of the country,
Published 23 Nov, 2016 12:00am
Financial statements: SECP issues clarification about preparation

Financial statements: SECP issues clarification about preparation

The Securities and Exchange Commission of Pakistan (SECP), vide its Circular No 36 of 2016, has issued clarification regarding the preparation of financial statements by the companies, subsequent to the promulgation of the new Companies Ordinance, 2016.
Published 23 Nov, 2016 12:00am
Electricity consumers: LHC restrains ministry from levying TV fee

Electricity consumers: LHC restrains ministry from levying TV fee

The Lahore High Court on Tuesday restrained the ministry of information and broadcasting from levying TV fee on electricity consumers who do not possess television sets. Punjab Opposition Leader Mian Mehmoodur Rasheed filed the petition through Advocate S
Published 23 Nov, 2016 12:00am
APTMA urges PM to announce much-awaited textile package

APTMA urges PM to announce much-awaited textile package

All Pakistan Textile Mills Association (APTMA) Punjab Chairman Syed Ali Ahsan has urged the government to restore the competitiveness of Punjab-based textile industry by making the energy cost competitive regionally. The APTMA leadership has appealed to t
Published 23 Nov, 2016 12:00am
Pak-Turk trade to further enhance: Rana

Pak-Turk trade to further enhance: Rana

Punjab Law Minister Rana Sanaullah has said that Pakistan-Turkey trade would further enhance in different sectors including agriculture and health. He was addressing the participants of International Conference on Forestry & Environment at the University
Published 23 Nov, 2016 12:00am
Trade with Pakistan needs special focus: Belgium envoy
Cotton

Trade with Pakistan needs special focus: Belgium envoy

Ambassador of Belgium, Frederic Verheyden has said the trade between Belgium and Pakistan needs special focus although the exports and imports figures are on the rise. He was talking to the President of Lahore Chamber of Commerce and Industry (LCCI), Abdu
Published 23 Nov, 2016 12:00am
Deviation from Raheel's policy to cause colossal loss, warns Khursheed

Deviation from Raheel's policy to cause colossal loss, warns Khursheed

Opposition leader in the National Assembly Syed Khurshid Shah has warned of a colossal loss in case of any deviation from the policy of General Raheel Sharif. Talking to media outside the residence of late Jehangir Badar on Tuesday, he paid his glowing tr
Published 23 Nov, 2016 12:00am
Bhikki power plant begins operation on trial basis

Bhikki power plant begins operation on trial basis

The Bhikki power plant located in Sheikhupura started generating energy on trial basis, the government said on Tuesday. Water and Power Ministry in a statement has said that the Liquefied Natural Gas (LNG) based power plant is capable of generating electr
Published 23 Nov, 2016 12:00am
World Falconry Day observed at UVAS

World Falconry Day observed at UVAS

The Vets Care Club of the University of Veterinary and Animal Sciences (UVAS) Lahore, observed World Falconry Day in collaboration with Hawking Club of Punjab Pakistan with the theme of "Celebrating Restoration of the Peregrine Falcon" here on Tuesday.
Published 23 Nov, 2016 12:00am
Prospects of wheat, grams marred by dry spell
Cotton

Prospects of wheat, grams marred by dry spell

Continued dry spell in the country has resulted in a shortage of 18 percent in the water reservoirs and created fear of a negative impact on production of two most important crops including wheat and grams. This year the Punjab Agriculture Department (PAD
Published 23 Nov, 2016 12:00am
PPDWP approves over Rs five billion for four uplift schemes

PPDWP approves over Rs five billion for four uplift schemes

Punjab Provincial Development Working Party (PPDWP) approved four development schemes of various sectors with an estimated cost of Rs 5001.685 million. The schemes were approved in the 32nd meeting of PPDWP of current fiscal year 2016-17, a spokesperson o
Published 23 Nov, 2016 12:00am
Polio drive in Punjab's eight districts from today

Polio drive in Punjab's eight districts from today

Punjab will hold a three-day polio campaign in eight districts from Wednesday (today) as part of the Sub National Immunisation Day, said Advisor to Chief Minister on Health, Khawaja Salman Rafique. This campaign will target around 5.9 million children of
Published 23 Nov, 2016 12:00am
NetSol Technologies Limited

NetSol Technologies Limited

ABOUT THE COMPANY: One of Pakistan's most prominent software houses, NetSol Technologies Limited (PSX: NetSol), has been around for a while. NetSol provides an array of information technology services and custom software offerings. Its expertis
Published 23 Nov, 2016 12:00am
NetSol Technologies Limited

NetSol Technologies Limited

ABOUT THE COMPANY: One of Pakistan's most prominent software houses, NetSol Technologies Limited (PSX: NetSol), has been around for a while. NetSol provides an array of information technology services and custom software offerings. Its expertis
Published 23 Nov, 2016 12:00am
Three killed

Three killed

At least three people were killed in firing by an armed man on 'dera' of a landlord here on Tuesday. Police said that gunman of local landlord Chaudhry Muhammad Khan Dhadi opened indiscriminate fire on dera of landlord killing three people and fled from t
Published 23 Nov, 2016 12:00am
Advisor to CM SHC declares Wahab's appointment illegal

Advisor to CM SHC declares Wahab's appointment illegal

Sindh High Court (SHC) on Tuesday declaring appointment of Sindh Chief Minister's law adviser Murtaza Wahab as illegal and barred him from attending provincial cabinet meetings. The SHC bench headed by Chief Justice Sajjad Ali Shah heard a petition agains
Published 23 Nov, 2016 12:00am
'CPEC, One Belt & Road initiatives require wider collaboration'

'CPEC, One Belt & Road initiatives require wider collaboration'

China- Pakistan Economic Corridor (CPEC) and One Belt and Road initiatives required wider collaboration at regional and international level. This also demands improved policies in the fields ranging from crime prevention and intervention to regulatory fra
Published 23 Nov, 2016 12:00am
Civilians flee as Syria regime advances in rebel Aleppo

Civilians flee as Syria regime advances in rebel Aleppo

Syrian pro-government forces pushed deeper into rebel-held eastern Aleppo on Tuesday, forcing civilians to flee as the regime pressed an assault to recapture the entire city. Military aircraft dropped leaflets over east Aleppo, urging rebels to distribute
Published 23 Nov, 2016 12:00am
More than 1,000 combatants from Iran killed in Syria: official

More than 1,000 combatants from Iran killed in Syria: official

More than 1,000 combatants sent from Iran to fight in support of President Bashar al-Assad in Syria have been killed in the conflict, the head of Iran's veterans' affairs office said Tuesday. "The number of martyrs from our country defending the shrines h
Published 23 Nov, 2016 12:00am
Pile-up on Chinese motorway kills 17

Pile-up on Chinese motorway kills 17

A huge pile-up on a Chinese motorway killed at least 17 people when a total of 56 vehicles crashed into each other in winter weather, state media said Tuesday. The accident happened in snow and rainy weather in the northern province of Shanxi, on an expre
Published 23 Nov, 2016 12:00am
Turkey withdraws child sex bill after protests

Turkey withdraws child sex bill after protests

The Turkish government on Tuesday withdrew a controversial bill that could overturn men's convictions for child-sex assault, after an angry public backlash that saw thousands take to the streets. Critics had said the bill - which would allow the release f
Published 23 Nov, 2016 12:00am
EU set to miss 'green' budget target

EU set to miss 'green' budget target

The European Union risks missing its target of spending 20 percent of its budget on action to tackle climate change, the bloc's financial watchdog said on Tuesday. There had been "no significant shift towards climate action" in key areas such as agricultu
Published 23 Nov, 2016 12:00am
More than 40 killed in renewed Yemen clashes

More than 40 killed in renewed Yemen clashes

Renewed clashes between Yemeni government forces and rebels killed more than 40 people Tuesday, military officials said, a day after a fragile 48-hour ceasefire expired without halting the violence. Forces loyal to President Abedrabbo Mansour Hadi repelle
Published 23 Nov, 2016 12:00am
'Money mules' arrested in Europe-wide laundering sting

'Money mules' arrested in Europe-wide laundering sting

European and US law officials arrested at least 178 people in an international swoop against so-called "money mules" who helped launder millions of dollars, EU agencies announced Tuesday. Across Europe, some 580 suspected "money mules" - people recruited
Published 23 Nov, 2016 12:00am
Thousands flee Myanmar clashes to China: Beijing

Thousands flee Myanmar clashes to China: Beijing

At least 3,000 people have fled into China due to fighting in northern Myanmar, Beijing said Tuesday, as the death toll from clashes between the military and ethnic insurgents rose to 10. The violence is a fresh blow to de facto leader Aung San Suu Kyi's
Published 23 Nov, 2016 12:00am
'Russians, Americans and Turks' trying to destroy Europe: top MEP

'Russians, Americans and Turks' trying to destroy Europe: top MEP

A top European lawmaker warned Tuesday that a "ring of autocrats" was trying to wreck the EU, citing the presidents of Russia and Turkey and their future counterpart Donald Trump. "It seems to me more and more we are surrounded by autocrats. Putin, Erdoga
Published 23 Nov, 2016 12:00am
One dead, one missing as storm batters Britain

One dead, one missing as storm batters Britain

A woman died and a pensioner was missing Tuesday as flash floods and strong winds swept across Britain, stranding a ferry carrying 150 people for 26 hours. The 39-year-old woman was rescued from the sea off England's south coast early Tuesday, but later d
Published 23 Nov, 2016 12:00am
Eight dead as Italy nears new record for migrant rescues

Eight dead as Italy nears new record for migrant rescues

At least eight people died and an unknown number were missing as a new series of Mediterranean boat dramas left Italy on the verge of a record number of migrant arrivals. Confirming the latest fatalities in what is already a record year for migrant deaths
Published 23 Nov, 2016 12:00am
Strong quake hits Japan, triggers Fukushima tsunami

Strong quake hits Japan, triggers Fukushima tsunami

A powerful 6.9-magnitude earthquake hit north-east Japan on Tuesday, sparking panic and triggering a tsunami including a one-metre (three-foot) wave that crashed ashore at the stricken Fukushima nuclear power plant. National broadcaster NHK urged resident
Published 23 Nov, 2016 12:00am
Desperate Aussies roll the dice to stop rampant Proteas

Desperate Aussies roll the dice to stop rampant Proteas

Crisis-torn Australia will attempt to prevent rampant South Africa from an unprecedented series clean sweep in Thursday's day-night third Test in Adelaide after a team shake-up of historic proportions. Stung by two humiliating defeats in Perth and Hobart,
Published 23 Nov, 2016 12:00am
PCB-Pepsi cricket trials plan opens

PCB-Pepsi cricket trials plan opens

A three-day open trials under the PCB-Pepsi Cricket Stars programme 2016-17 are starting from Thursday (Novvember 24) across the country. Regional head coaches, assistant coaches, local selectors and physiotherapists will supervise these trials at their r
Published 23 Nov, 2016 12:00am
Three matches decided as Sukhchain Polo begins

Three matches decided as Sukhchain Polo begins

Three matches were played on the inaugural day of the Sukhchain Polo Cup 2016 here at the Lahore Polo Club (LPC) ground on Tuesday. In the first match of the day, Pebble Breakers outpaced Olympia by 7-2. Ahmed Ali Tiwana was star of the day from Pebble Br
Published 23 Nov, 2016 12:00am
Thailand in Suzuki semis

Thailand in Suzuki semis

Thailand reached the semi-finals of the Suzuki Cup on Tuesday thanks to a last-gasp goal from super-sub Sarawut Masuk. The winger flicked a header into the Singapore goal in the 89th minute, latching on to a perfectly weighted cross from Theerathon Bunmat
Published 23 Nov, 2016 12:00am
Du Plessis evades ban in 'Mintgate' row

Du Plessis evades ban in 'Mintgate' row

South Africa skipper Faf du Plessis was found guilty of ball-tampering on Tuesday but cleared to play in this week's third Test against Australia, who are fighting to avoid their first ever home Test series whitewash. Du Plessis was fined his entire match
Published 23 Nov, 2016 12:00am
China's CEFC takes full control of Slavia Prague

China's CEFC takes full control of Slavia Prague

Private Chinese company CEFC China said Tuesday it had taken full control of Czech top-flight side Slavia Prague after snapping up a 20 percent stake from a minority shareholder. It is just the latest example of Chinese money flowing into European footbal
Published 23 Nov, 2016 12:00am
FIFA chief wants video refs for next World Cup

FIFA chief wants video refs for next World Cup

FIFA president Gianni Infantino says he is in favour of introducing video refereeing for the 2018 World Cup in Russia, after previously expressing fears it would break up games too much. The head of world football's governing body told Tuesday's Le Parisi
Published 23 Nov, 2016 12:00am
Top Kenyan official in court over Rio kit 'theft'

Top Kenyan official in court over Rio kit 'theft'

The chairman of Kenya's Olympic committee appeared in court on Tuesday after police uncovered boxes of Nike kits at his apartment which had gone missing during the Rio Games. Bernard Ekumbo is the latest official from the National Olympic Committee of Ken
Published 23 Nov, 2016 12:00am
UK defends visa ban on PSG's Aurier

UK defends visa ban on PSG's Aurier

The British government on Tuesday defended its ban on Paris Saint-Germain defender Serge Aurier from entering the country for his team's Champions League clash with Arsenal, saying it was following "clearly stated" rules. The French champions said they we
Published 23 Nov, 2016 12:00am
Putin signs anti-doping law

Putin signs anti-doping law

President Vladimir Putin on Tuesday signed a law that introduces prison terms for coaches and medical staff who coerce athletes into using banned performance-enhancing drugs. The law comes into force as Russia is working to clean up its image tarnished by
Published 23 Nov, 2016 12:00am
Klinsmann fired as US coach

Klinsmann fired as US coach

Former Germany player and coach Jurgen Klinsmann was fired Monday as coach of the United States after losing two 2018 World Cup qualifying matches. The 52-year-old, who won the World Cup as a player with Germany in 1990, had been in charge of the US since
Published 23 Nov, 2016 12:00am
Kenyan doping case dropped against Italian agent

Kenyan doping case dropped against Italian agent

A Kenyan court on Tuesday dropped charges against the Italian sports agent who managed disgraced marathon star Rita Jeptoo to allow prosecutors to pursue further investigations into doping. However, under Kenyan law Federico Rosa could be rearrested if su
Published 23 Nov, 2016 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian and New Zealand dollars edged higher on Tuesday as their US counterpart consolidated after its recent rapid ascent, while gains in key commodity prices offered some fundamental support. The Australian dollar crept to $0.7392 and away from a
Published 23 Nov, 2016 12:00am
Sterling slips in volatile price action
Currency

Sterling slips in volatile price action

Sterling fell back to around $1.24 on Tuesday, with illiquid trading conditions helping the pound reverse around half of a 1 percent rise the previous day on the view that Brexit will be slower - and softer - than had been feared. The pound jumped above $
Published 23 Nov, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.58-78.58 (previous 78.57-78.58).
Published 23 Nov, 2016 12:00am
Dollar retreat gives Asia FX short-lived painkiller
Currency

Dollar retreat gives Asia FX short-lived painkiller

Most emerging Asian currencies rose on Tuesday as the dollar snapped its 10-day winning streak and investors took profit amid concerns over higher US Treasury yields and the growing risk of trade protectionism. The Chinese yuan rebounded from a near 8-1/2
Published 23 Nov, 2016 12:00am
Sri Lankan rupee slips
Currency

Sri Lankan rupee slips

The Sri Lankan rupee ended slightly weaker on Tuesday due to dollar demand from importers on fears that US President-elect Donald Trump's policies would lead to a rise in rates and the greenback. Foreign investors might pull out of emerging markets, inclu
Published 23 Nov, 2016 12:00am
Dollar falls in New York; Japan quake boosts yen
Currency

Dollar falls in New York; Japan quake boosts yen

The dollar dropped on Monday after rising 10 straight days as investors consolidated gains after the election of a Republican president who is expected to adopt fiscal policies that will lead to interest rate increases. Reports of an earthquake in Japan w
Published 23 Nov, 2016 12:00am
Early trade in New York: Dollar regains footing
Currency

Early trade in New York: Dollar regains footing

The dollar resumed its uptrend on Tuesday, helped by a surge in US existing home sales last month that further cemented expectations not only of a Federal Reserve interest rate hike in December, but also of further tightening next year. On Monday, the dol
Published 23 Nov, 2016 12:00am
Dollar retreats in Europe
Currency

Dollar retreats in Europe

The dollar retreated from a six-month peak against the yen on Tuesday, while a push higher for copper and iron ore prices drove commodities-linked currencies higher, led by the Australian dollar. Two bullish weeks for the dollar since the election of Dona
Published 23 Nov, 2016 12:00am
Dollar move back in Asia

Dollar move back in Asia

The dollar took a breather on Tuesday as investors consolidated the gains built on expectations of increased fiscal spending and higher inflation under a Trump administration. An earthquake of magnitude 7.4 and the subsequent tsunami warning in northern J
Published 23 Nov, 2016 12:00am
FTSE rises, helped by mining stocks rally
Currency

FTSE rises, helped by mining stocks rally

Britain's top share index rose on Tuesday, buoyed by record-highs reached by Wall Street and a rally in mining shares. The FTSE 100 ended up 0.6 percent. Traders cited renewed enthusiasm for equities after the three main US indexes and small-cap Russell i
Published 23 Nov, 2016 12:00am
Southeast Asian stocks higher

Southeast Asian stocks higher

Philippine stocks fell sharply on Tuesday, while other markets in the region ended higher as an overnight surge in global oil prices lifted sentiment. "Currently Philippine market is the most expensive in the region, investors are having a hard time to ju
Published 23 Nov, 2016 12:00am
Australia up; New Zealand down

Australia up; New Zealand down

Australian shares closed at a four-week high on Tuesday, as a rally in oil and metal prices boosted the mining and energy sectors. The S&P/ASX 200 index rose 1.2 percent, or 61.96 points, to 5,413.30 at the close of trade, its highest since October 25.
Published 23 Nov, 2016 12:00am
Rally in basic resources stocks helps European indices

Rally in basic resources stocks helps European indices

European mining shares rose more than 3 percent on Tuesday, underpinning Europe's benchmark STOXX 600 index as the global reflation trade in the wake of Donald Trump's victory in the US presidential election continued. The pan-European STOXX 600 index end
Published 23 Nov, 2016 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo stocks ticked higher Tuesday morning, recovering from an early sell-off as it emerged a powerful earthquake that triggered a tsunami along Japan's north-east coast caused limited damage. The 6.9-magnitude tremor triggered waves along the coast inclu
Published 23 Nov, 2016 12:00am
China stocks climb

China stocks climb

China stocks advanced to a fresh 10-1/2 month high on Tuesday, helped by a strong rally in bluehips, in particular financial and energy shares, after US exchanges rose. The bluechip CSI300 index rose 0.8 percent, to 3,468.36, while the Shanghai Composite
Published 23 Nov, 2016 12:00am
Indian shares up

Indian shares up

Indian shares ended higher on Tuesday, recovering from a six-month low hit in the previous session, as positive global cues following a record-breaking session on Wall Street and an increase in crude prices lifted investor sentiment. The benchmark BSE ind
Published 23 Nov, 2016 12:00am
Treasury prices gain

Treasury prices gain

US Treasury prices gained on Monday as higher yields caused by the recent sell-off tempted some new buyers, though a new sale of two-year notes drew relatively weak demand from fund managers. Yields have soared since the election of Republican Donald Trum
Published 23 Nov, 2016 12:00am
Treasury prices gain

Treasury prices gain

US Treasury prices gained on Monday as higher yields caused by the recent sell-off tempted some new buyers, though a new sale of two-year notes drew relatively weak demand from fund managers. Yields have soared since the election of Republican Donald Trum
Published 23 Nov, 2016 12:00am
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