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Print - 2016-12-04
Pakistan cannot be blamed for unrest in Valley: Omar Abdullah

Pakistan cannot be blamed for unrest in Valley: Omar Abdullah

Former Occupied Jammu and Kashmir Chief Minister on Saturday said that Pakistan cannot be blamed for the unrest in the Kashmir Valley. New Delhi for being "ignorant" of the situation in Occupied Jammu and Kashmir, according to TimesNow television. "Don't
Published 04 Dec, 2016 12:00am
Pakistan cannot be blamed for unrest in Valley: Omar Abdullah

Pakistan cannot be blamed for unrest in Valley: Omar Abdullah

Former Occupied Jammu and Kashmir Chief Minister on Saturday said that Pakistan cannot be blamed for the unrest in the Kashmir Valley. New Delhi for being "ignorant" of the situation in Occupied Jammu and Kashmir, according to TimesNow television. "Don't
Published 04 Dec, 2016 12:00am
India, Afghanistan plan air cargo link over Pakistan

India, Afghanistan plan air cargo link over Pakistan

India and Afghanistan are likely to announce an air cargo service on Saturday to help increase trade that both say is stymied because of their tense political relations with Pakistan that lies between them. Afghan President Ashraf Ghani and Indian Prime M
Published 04 Dec, 2016 12:00am
India, Afghanistan plan air cargo link over Pakistan

India, Afghanistan plan air cargo link over Pakistan

India and Afghanistan are likely to announce an air cargo service on Saturday to help increase trade that both say is stymied because of their tense political relations with Pakistan that lies between them. Afghan President Ashraf Ghani and Indian Prime M
Published 04 Dec, 2016 12:00am
India, Afghanistan plan air cargo link over Pakistan

India, Afghanistan plan air cargo link over Pakistan

India and Afghanistan are likely to announce an air cargo service on Saturday to help increase trade that both say is stymied because of their tense political relations with Pakistan that lies between them. Afghan President Ashraf Ghani and Indian Prime M
Published 04 Dec, 2016 12:00am
China lodges protest after Trump call with Taiwan president
Currency

China lodges protest after Trump call with Taiwan president

China lodged a diplomatic protest on Saturday after US President-elect Donald Trump spoke by phone with President Tsai Ing-wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. The 10-minute telephone call with Ta
Published 04 Dec, 2016 12:00am
China lodges protest after Trump call with Taiwan president
Currency

China lodges protest after Trump call with Taiwan president

China lodged a diplomatic protest on Saturday after US President-elect Donald Trump spoke by phone with President Tsai Ing-wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. The 10-minute telephone call with Ta
Published 04 Dec, 2016 12:00am
US moves to block Chinese purchase of Aixtron

US moves to block Chinese purchase of Aixtron

US President Barack Obama on Friday moved to block a Chinese company''s purchase of German semiconductor equipment maker Aixtron by rejecting the inclusion of Aixtron''s US business in the deal. The US Treasury Department said a review by the Committee on
Published 04 Dec, 2016 12:00am
US moves to block Chinese purchase of Aixtron

US moves to block Chinese purchase of Aixtron

US President Barack Obama on Friday moved to block a Chinese company's purchase of German semiconductor equipment maker Aixtron by rejecting the inclusion of Aixtron's US business in the deal. The US Treasury Department said a review by the Committee on F
Published 04 Dec, 2016 12:00am
US moves to block Chinese purchase of Aixtron

US moves to block Chinese purchase of Aixtron

US President Barack Obama on Friday moved to block a Chinese company's purchase of German semiconductor equipment maker Aixtron by rejecting the inclusion of Aixtron's US business in the deal. The US Treasury Department said a review by the Committee on F
Published 04 Dec, 2016 12:00am
Poultry export to UAE in ''red zone'' for 10 years

Poultry export to UAE in ''red zone'' for 10 years

Poultry export to the United Arab Emirates (UAE) has been in ''red zone'' for last 10 years due to apathy of the commerce ministry and Pakistan Embassy in Abu Dhabi, well-informed sources told Business Recorder. The UAE had imposed a ban on the imp
Published 04 Dec, 2016 12:00am
Poultry export to UAE in 'red zone' for 10 years

Poultry export to UAE in 'red zone' for 10 years

Poultry export to the United Arab Emirates (UAE) has been in 'red zone' for last 10 years due to apathy of the commerce ministry and Pakistan Embassy in Abu Dhabi, well-informed sources told Business Recorder. The UAE had imposed a ban on the impor
Published 04 Dec, 2016 12:00am
Poultry export to UAE in 'red zone' for 10 years

Poultry export to UAE in 'red zone' for 10 years

Poultry export to the United Arab Emirates (UAE) has been in 'red zone' for last 10 years due to apathy of the commerce ministry and Pakistan Embassy in Abu Dhabi, well-informed sources told Business Recorder. The UAE had imposed a ban on the impor
Published 04 Dec, 2016 12:00am
Foreign investors sell shares worth $33.562 million

Foreign investors sell shares worth $33.562 million

Foreign investors are continuously selling shares and withdrawing their investment from local equity market despite expectations of attractive returns at the Pakistani bourse, the best performing market in Asia. During the outgoing week, foreign investors
Published 04 Dec, 2016 12:00am
Foreign investors sell shares worth $33.562 million

Foreign investors sell shares worth $33.562 million

Foreign investors are continuously selling shares and withdrawing their investment from local equity market despite expectations of attractive returns at the Pakistani bourse, the best performing market in Asia. During the outgoing week, foreign investors
Published 04 Dec, 2016 12:00am
Foreign investors sell shares worth $33.562 million

Foreign investors sell shares worth $33.562 million

Foreign investors are continuously selling shares and withdrawing their investment from local equity market despite expectations of attractive returns at the Pakistani bourse, the best performing market in Asia. During the outgoing week, foreign investors
Published 04 Dec, 2016 12:00am
FBR wing serves notices on illegal currency dealers
Currency

FBR wing serves notices on illegal currency dealers

Expanding the scope of investigation against illegal money changers and currency dealers, the Directorate of Intelligence & Investigation Inland Revenue (IR) has also served notices on different money changers in other cities including Karachi and Lahore,
Published 04 Dec, 2016 12:00am
FBR wing serves notices on illegal currency dealers
Currency

FBR wing serves notices on illegal currency dealers

Expanding the scope of investigation against illegal money changers and currency dealers, the Directorate of Intelligence & Investigation Inland Revenue (IR) has also served notices on different money changers in other cities including Karachi and Lahore,
Published 04 Dec, 2016 12:00am
FBR wing serves notices on illegal currency dealers
Currency

FBR wing serves notices on illegal currency dealers

Expanding the scope of investigation against illegal money changers and currency dealers, the Directorate of Intelligence & Investigation Inland Revenue (IR) has also served notices on different money changers in other cities including Karachi and Lahore,
Published 04 Dec, 2016 12:00am
Aziz, Modi exchange pleasantries at banquet

Aziz, Modi exchange pleasantries at banquet

Advisor to PM on Foreign Affairs Sartaj Aziz on Saturday arrived in Amritsar to participate in the Heart of Asia Conference, where he also attended a banquet hosted in honour of representatives from different states and international observers. The dinner
Published 04 Dec, 2016 12:00am
Aziz, Modi exchange pleasantries at banquet

Aziz, Modi exchange pleasantries at banquet

Advisor to PM on Foreign Affairs Sartaj Aziz on Saturday arrived in Amritsar to participate in the Heart of Asia Conference, where he also attended a banquet hosted in honour of representatives from different states and international observers. The dinner
Published 04 Dec, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (December 03, 2016) and the forecast for Sunday (December 04, 2016).

Published 04 Dec, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 03, 2016)

Published 04 Dec, 2016 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

KARACHI: The rupee recovered more ground versus the dollar on the money market on Saturday in process of trading, dealers said. The rupee 60 paisas in term of the greenback for buying and selling at Rs 106.80 and Rs 107.20, dealers said. While, the local
Published 04 Dec, 2016 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

KARACHI: The rupee recovered more ground versus the dollar on the money market on Saturday in process of trading, dealers said. The rupee 60 paisas in term of the greenback for buying and selling at Rs 106.80 and Rs 107.20, dealers said. While, the local
Published 04 Dec, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 03, 2016).

Published 04 Dec, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures climbed on Thursday to a nearly seven-month high, lifted by strength in crude oil and soyaoil. Statistics Canada is expected to report on Tuesday record-large Canadian canola production of 18.8 million tones January canola adde
Published 04 Dec, 2016 12:00am
Soyameal down on European feeds market

Soyameal down on European feeds market

Soyameal on the European meals and feeds market fell on Thursday, tracking CBOT soyameal futures, which were down on follow-through technical selling. "The European cash market follows the trend in Chicago soyameal, where CBOT traders kept on buying soyao
Published 04 Dec, 2016 12:00am
Vietnamese coffee exports likely to jump in December

Vietnamese coffee exports likely to jump in December

Vietnamese coffee exports are expected to jump in December as supplies rise towards the end of harvest, attracting more buyers from Indonesia where stocks have dwindled, traders said on Thursday. The harvest will end in the next few weeks in the Central H
Published 04 Dec, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Basis bids for hard red winter wheat (HRW) in the southern US Midwest were unchanged on Thursday as farmers eyed slumping grain futures and increased demand from domestic millers, dealers said. Light export demand and plentiful global supplies dragged dow
Published 04 Dec, 2016 12:00am
US Midwest corn, soya bids higher

US Midwest corn, soya bids higher

Spot basis bids for corn and soyabeans were steady to higher in the US Midwest on Thursday, while several locations shifted basis months, grain merchants said. River soya bids went up by 4-7 cents per bushels along the Illinois and the Mississippi rivers.
Published 04 Dec, 2016 12:00am
CBOT wheat futures fall to contract lows

CBOT wheat futures fall to contract lows

Wheat futures on the Chicago Board of Trade fell on Thursday for a sixth straight session, pressured by heavy deliveries against the December contract and technical selling as most months set life-of-contract lows, traders said. Additional pressure noted
Published 04 Dec, 2016 12:00am
Chinese steel, iron ore jump 5pc after two-day fall
Currency

Chinese steel, iron ore jump 5pc after two-day fall

Chinese steel and iron ore futures climbed around 5 percent on Thursday, as investors returned to the market after a two-day selldown, many of them continuing to hedge their risk against a sliding currency. Prices of steel and its raw materials have trade
Published 04 Dec, 2016 12:00am
Thai rice prices edge up as harvest season ends
Cotton

Thai rice prices edge up as harvest season ends

Thai rice prices ticked up this week on low supply at the end of the harvest season, while quotations eased in India and Vietnam due to thin demand, traders said on Wednesday. Thai benchmark 5-percent broken rice prices strengthened to $360 a tonne on Wed
Published 04 Dec, 2016 12:00am
Trade activity falls on cotton market
Cotton

Trade activity falls on cotton market

Volume of business came down on the cotton market on Saturday following the better-than-expected Pakistan Cotton Ginners Association (PCGA) fortnightly report, dealers said. The official spot rate was unchanged at Rs 6300, dealers said. In Sindh, seed cot
Published 04 Dec, 2016 12:00am
Asian naphtha crack falls on ample supply

Asian naphtha crack falls on ample supply

Asia's naphtha crack fell 14.2 percent on Thursday, its largest percentage fall since September 30, to reach its lowest in two months at $66.85 a tonne as ample supplies and a spike in oil prices weighed. The weak fundamentals were reflected in a spot dea
Published 04 Dec, 2016 12:00am
Freight rates for large capesize dry cargo to fall

Freight rates for large capesize dry cargo to fall

Freight rates for large capesize dry cargo ships on key Asian routes could drop next week as charterers hold back cargo although higher prices of fuel and iron ore may support current rates, brokers said. Iron ore and coal are staple cargoes for 180,000-d
Published 04 Dec, 2016 12:00am
Palm oil rises on European vegoils market
Currency

Palm oil rises on European vegoils market

Asking prices for palm oil on the European vegetable oils market rose on Thursday as energy markets soared after Opec agreed on Wednesday to restrict output. Palm oil was offered between $5 and $12.50 a tonne higher after Malaysian palm oil futures closed
Published 04 Dec, 2016 12:00am
US FOB Gulf corn, soya export premiums weaker

US FOB Gulf corn, soya export premiums weaker

Export premiums for soyabeans shipped from the US Gulf Coast were steady to weaker on Thursday amid seasonally slowing demand and rising competition from South American new-crop shipments, traders said. Brazil's soyabean crop was projected at a record 103
Published 04 Dec, 2016 12:00am
US natural gas futures jump to two-year high

US natural gas futures jump to two-year high

US natural gas futures on Thursday jumped to a near two-year high on forecasts for colder weather and higher heating demand over the next two weeks, and a big weekly storage draw. The US Energy Information Administration said utilities pulled 50 bcf of ga
Published 04 Dec, 2016 12:00am
Brazil's coffee exporter offsets volume loss with domestic sales

Brazil's coffee exporter offsets volume loss with domestic sales

Coffee exporter Tristao based in Espirito Santo, Brazil's largest robusta state where trees were hurt by drought this year, is offsetting losses in exports with high price sales on the domestic market. Marcio Candido Ferreira, sales director for Tristao,
Published 04 Dec, 2016 12:00am
Russia faces big grain crop, stocks in 2017

Russia faces big grain crop, stocks in 2017

Russia is expected to have another big grain crop in 2017, adding to a record crop this year and increasing pressure on prices, SovEcon, a leading agriculture consultancy, told a conference on Wednesday. In the first major industry estimate for the 2017 g
Published 04 Dec, 2016 12:00am
EU wheat futures fall to near two-month low
Currency

EU wheat futures fall to near two-month low

Benchmark European wheat futures fell on Thursday to their lowest in almost two months, tracking a slide in Chicago as wheat markets shrugged off another surge in crude oil and focused on swelling global supplies. March milling wheat, the most active posi
Published 04 Dec, 2016 12:00am
Deutsche Bank to pay $60 million to settle US gold price-fixing case

Deutsche Bank to pay $60 million to settle US gold price-fixing case

Deutsche Bank AG has agreed to pay $60 million to settle private US antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday wi
Published 04 Dec, 2016 12:00am
Russian central bank loses $31 million in cyber attack

Russian central bank loses $31 million in cyber attack

Hackers stole more than 2 billion roubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe. Central bank officia
Published 04 Dec, 2016 12:00am
In Sudan, austerity and protest as economy crumbles
Currency

In Sudan, austerity and protest as economy crumbles

Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. "Prices rise daily after the government decisions and what we sell, we c
Published 04 Dec, 2016 12:00am
China aims to boost equity funding

China aims to boost equity funding

hina aims to increase direct funding for companies through financial instruments such as stocks by implementing a national investment standard, a senior official at the People's Bank of China (PBOC) said on Saturday. The majority of China's loans still co
Published 04 Dec, 2016 12:00am
Money transfer firm WorldRemit eyes new markets, growth

Money transfer firm WorldRemit eyes new markets, growth

WorldRemit, an online service for overseas money transfers, is looking to expand into new markets and add services like direct payments for bills and school fees, its president said on Friday. The UK-based financial technology start-up, which has raised $
Published 04 Dec, 2016 12:00am
WTO seeks trade deal on 'green' products

WTO seeks trade deal on 'green' products

The heavyweights of world trade, including the United States, China and Japan, meet in Geneva this weekend to establish a list of environmentally friendly products for which tariffs can be eliminated or reduced. The green products include solar panels, wi
Published 04 Dec, 2016 12:00am
Trump's win gives some hedge funds big boost

Trump's win gives some hedge funds big boost

Donald Trump's US presidential election win gave a huge boost to some prominent hedge fund portfolios, helping them post double-digit gains in November, several investors said. William Ackman's Pershing Square Capital Management posted gains of roughly 10
Published 04 Dec, 2016 12:00am
Trump's win gives some hedge funds big boost

Trump's win gives some hedge funds big boost

Donald Trump's US presidential election win gave a huge boost to some prominent hedge fund portfolios, helping them post double-digit gains in November, several investors said. William Ackman's Pershing Square Capital Management posted gains of roughly 10
Published 04 Dec, 2016 12:00am
Zuma reassures investors after dodging credit downgrade
Currency

Zuma reassures investors after dodging credit downgrade

President Jacob Zuma moved to reassure foreign investors on Saturday after all three major rating agencies kept South Africa's investment-grade status, granting the scandal-prone leader a reprieve after prolonged political turmoil. S&P Global Ratings down
Published 04 Dec, 2016 12:00am
Zuma reassures investors after dodging credit downgrade
Currency

Zuma reassures investors after dodging credit downgrade

President Jacob Zuma moved to reassure foreign investors on Saturday after all three major rating agencies kept South Africa's investment-grade status, granting the scandal-prone leader a reprieve after prolonged political turmoil. S&P Global Ratings down
Published 04 Dec, 2016 12:00am
Maurel & Prom recommends buyout

Maurel & Prom recommends buyout

Maurel & Prom, a French oil operator that pumps mostly in Africa, recommended Friday that shareholders accept a planned buyout offer from Indonesia's state oil company Pertamina. "The board of directors of Maurel & Prom ... considered that the offer is in
Published 04 Dec, 2016 12:00am
Modi defends clampdown on cash economy
Currency

Modi defends clampdown on cash economy

ndian Prime Minister Narendra Modi on Saturday defended his crackdown on the cash economy that has left businesses, farmers and families suffering, saying it was necessary to keep inflation in check and ensure basic amenities for all. Modi's decision last
Published 04 Dec, 2016 12:00am
Banks to Britain: stagger Brexit over years or we could leave

Banks to Britain: stagger Brexit over years or we could leave

Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby group will warn the government in coming weeks, according to sources familiar with the matter. The British
Published 04 Dec, 2016 12:00am
Indonesia's rich see their wealth rebound this year
Currency

Indonesia's rich see their wealth rebound this year

Indonesia's 50 richest people increased their wealth by about $7 billion this year as growth in Southeast Asia's biggest economy recovered and the stock market raced ahead, according to a Forbes list released on Thursday. The business magazine said the co
Published 04 Dec, 2016 12:00am
India fails to break deadlock on new sales tax

India fails to break deadlock on new sales tax

Indian Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax. The long-awaited Good
Published 04 Dec, 2016 12:00am
Madagascar secures $6.4 billion in financial support

Madagascar secures $6.4 billion in financial support

Foreign partners have pledged $6.4 billion to Madagascar for the next four years, the central bank governor said late on Thursday at a donors conference to help rebuild the Indian Ocean island after years of political turmoil. Madagascar's economy has bee
Published 04 Dec, 2016 12:00am
Fed official stands by Wall Street reforms, says must complete work

Fed official stands by Wall Street reforms, says must complete work

The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. In remarks that appeare
Published 04 Dec, 2016 12:00am
IMF lifts freeze on Guinea-Bissau funding

IMF lifts freeze on Guinea-Bissau funding

The International Monetary Fund (IMF) on Friday resumed payments to Guinea-Bissau which were suspended in June over the government's loan bailouts for two private banks. The decision by the IMF's board could also lead donors, which also suspended budget s
Published 04 Dec, 2016 12:00am
S&P holds South Africa's rating at BBB-, downgrades local debt
Currency

S&P holds South Africa's rating at BBB-, downgrades local debt

Standard & Poor's downgraded South Africa's local debt by one notch to BBB on Friday but kept its sovereign credit rating unchanged at BBB-, one level above "junk" status, while saying the economy was still struggling. S&P retained its negative outlook on
Published 04 Dec, 2016 12:00am
S&P holds South Africa's rating at BBB-, downgrades local debt
Currency

S&P holds South Africa's rating at BBB-, downgrades local debt

Standard & Poor's downgraded South Africa's local debt by one notch to BBB on Friday but kept its sovereign credit rating unchanged at BBB-, one level above "junk" status, while saying the economy was still struggling. S&P retained its negative outlook on
Published 04 Dec, 2016 12:00am
Tsipras, Hollande want Greek debt relief move this month

Tsipras, Hollande want Greek debt relief move this month

Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed Saturday that debt relief measures for the crisis-hit country must be hammered out this month, Tsipras' office said. The two leaders, meeting on the sidelines of a summit in
Published 04 Dec, 2016 12:00am
EU optimistic on Greek debt deal

EU optimistic on Greek debt deal

EU Economy Commissioner Pierre Moscovici said Tuesday he is optimistic about concluding an overall deal on Greece's latest bailout programme by the end of the year including discussions on debt relief. Moscovici spoke just days before a key meeting of eur
Published 04 Dec, 2016 12:00am
Norway wealth fund urged to bulk up on shares

Norway wealth fund urged to bulk up on shares

Norway's central bank on Thursday recommended the nation's public pension fund, the world's largest sovereign wealth fund, invest more in shares and less in bonds to boost performance. The central bank, which manages the fund on a day-to-day basis, sugges
Published 04 Dec, 2016 12:00am
Norway wealth fund urged to bulk up on shares

Norway wealth fund urged to bulk up on shares

Norway's central bank on Thursday recommended the nation's public pension fund, the world's largest sovereign wealth fund, invest more in shares and less in bonds to boost performance. The central bank, which manages the fund on a day-to-day basis, sugges
Published 04 Dec, 2016 12:00am
Mideast funds more bullish on equities but cautious on Saudi, Egypt

Mideast funds more bullish on equities but cautious on Saudi, Egypt

Middle East funds have become more bullish towards equities in the region but are cautious towards Saudi Arabia and Egypt after spectacular rebounds in those stock markets, a monthly Reuters poll found. The poll of 14 leading fund managers, conducted over
Published 04 Dec, 2016 12:00am
Big bank bonanza as Citi, Wells and JPM sell US$12 billion

Big bank bonanza as Citi, Wells and JPM sell US$12 billion

Citigroup, Wells Fargo and J.P. Morgan flooded the high-grade bond market with US $12bn of new debt on Thursday, surprising market participants with the opportunistic deals. The new deals spanned a variety of structures, including senior unsecured in fixe
Published 04 Dec, 2016 12:00am
Big bank bonanza as Citi, Wells and JPM sell US$12 billion

Big bank bonanza as Citi, Wells and JPM sell US$12 billion

Citigroup, Wells Fargo and J.P. Morgan flooded the high-grade bond market with US $12bn of new debt on Thursday, surprising market participants with the opportunistic deals. The new deals spanned a variety of structures, including senior unsecured in fixe
Published 04 Dec, 2016 12:00am
Asia stock funds see pockets of value after Trump sell-off

Asia stock funds see pockets of value after Trump sell-off

Donald Trump's shock election victory last month triggered a sell-off in Asian shares on heightened fears of protectionism - but for some investors, the selling marks an opportunity to buy into the region's still compelling consumer story. Asian emerging
Published 04 Dec, 2016 12:00am
Asia stock funds see pockets of value after Trump sell-off

Asia stock funds see pockets of value after Trump sell-off

Donald Trump's shock election victory last month triggered a sell-off in Asian shares on heightened fears of protectionism - but for some investors, the selling marks an opportunity to buy into the region's still compelling consumer story. Asian emerging
Published 04 Dec, 2016 12:00am
Iraq plans bond sale worth $2 billion

Iraq plans bond sale worth $2 billion

Iraq's finance ministry will sell $2 billion worth of bonds on international markets to help plug a gap in its budget in 2017, Prime Minister Haider al-Abadi's office said on Tuesday. The Iraqi government, which relies almost exclusively on oil income, ha
Published 04 Dec, 2016 12:00am
Iraq plans bond sale worth $2 billion

Iraq plans bond sale worth $2 billion

Iraq's finance ministry will sell $2 billion worth of bonds on international markets to help plug a gap in its budget in 2017, Prime Minister Haider al-Abadi's office said on Tuesday. The Iraqi government, which relies almost exclusively on oil income, ha
Published 04 Dec, 2016 12:00am
Treasuries outlook: yields fall from multi-month, multi-year highs

Treasuries outlook: yields fall from multi-month, multi-year highs

US Treasury yields eased from multi-month and multi-year highs on Friday as traders bought US government bonds on the heels of their worst month in nearly eight years in anticipation of an Italian referendum, while the impact of US jobs data was short-liv
Published 04 Dec, 2016 12:00am
Treasuries outlook: yields fall from multi-month, multi-year highs

Treasuries outlook: yields fall from multi-month, multi-year highs

US Treasury yields eased from multi-month and multi-year highs on Friday as traders bought US government bonds on the heels of their worst month in nearly eight years in anticipation of an Italian referendum, while the impact of US jobs data was short-liv
Published 04 Dec, 2016 12:00am
Japan fund managers increase stocks, reduce bonds in November

Japan fund managers increase stocks, reduce bonds in November

Japanese fund managers increased equity holdings and trimmed exposure to bonds in their model portfolios in November as domestic shares rose to the highest since January after Donald Trump was elected US president, a Reuters survey showed. The survey of f
Published 04 Dec, 2016 12:00am
Japan fund managers increase stocks, reduce bonds in November

Japan fund managers increase stocks, reduce bonds in November

Japanese fund managers increased equity holdings and trimmed exposure to bonds in their model portfolios in November as domestic shares rose to the highest since January after Donald Trump was elected US president, a Reuters survey showed. The survey of f
Published 04 Dec, 2016 12:00am
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