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Oct 10, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-01-29
Policy rate remains unchanged; SBP worried about external sector
Cotton

Policy rate remains unchanged; SBP worried about external sector

State Bank of Pakistan is worried about the external sector as the need for financial flows might grow further. The average inflation clocked in at 3.9 percent during first half of this year, lower than earlier projection due to smooth supply of perishabl
Published 29 Jan, 2017 12:00am
Policy rate remains unchanged; SBP worried about external sector
Cotton

Policy rate remains unchanged; SBP worried about external sector

State Bank of Pakistan is worried about the external sector as the need for financial flows might grow further. The average inflation clocked in at 3.9 percent during first half of this year, lower than earlier projection due to smooth supply of perishabl
Published 29 Jan, 2017 12:00am
Policy rate remains unchanged; SBP worried about external sector
Cotton

Policy rate remains unchanged; SBP worried about external sector

State Bank of Pakistan is worried about the external sector as the need for financial flows might grow further. The average inflation clocked in at 3.9 percent during first half of this year, lower than earlier projection due to smooth supply of perishabl
Published 29 Jan, 2017 12:00am
Around 90,000 new taxpayers registered with IRIS

Around 90,000 new taxpayers registered with IRIS

Around 90,000 new taxpayers have been registered with the Federal Board of Revenue (FBR) web-based Inland Revenue Information System (IRIS) since launching of the IRIS in September 2015. This has been mentioned in the joint report of the World Bank and UK
Published 29 Jan, 2017 12:00am
Around 90,000 new taxpayers registered with IRIS

Around 90,000 new taxpayers registered with IRIS

Around 90,000 new taxpayers have been registered with the Federal Board of Revenue (FBR) web-based Inland Revenue Information System (IRIS) since launching of the IRIS in September 2015. This has been mentioned in the joint report of the World Bank and UK
Published 29 Jan, 2017 12:00am
Around 90,000 new taxpayers registered with IRIS

Around 90,000 new taxpayers registered with IRIS

Around 90,000 new taxpayers have been registered with the Federal Board of Revenue (FBR) web-based Inland Revenue Information System (IRIS) since launching of the IRIS in September 2015. This has been mentioned in the joint report of the World Bank and UK
Published 29 Jan, 2017 12:00am
World Bank CEO sees progress in water dispute

World Bank CEO sees progress in water dispute

World Bank Chief Executive Officer Kristalina Georgieva ended a three-day visit to Pakistan on Saturday by supporting a deepening of Pakistan''''s reforms for accelerating growth and saying she had "constructive discussions" with the country''''s leadersh
Published 29 Jan, 2017 12:00am
World Bank CEO sees progress in water dispute

World Bank CEO sees progress in water dispute

World Bank Chief Executive Officer Kristalina Georgieva ended a three-day visit to Pakistan on Saturday by supporting a deepening of Pakistan''s reforms for accelerating growth and saying she had "constructive discussions" with the country''s leadership o
Published 29 Jan, 2017 12:00am
World Bank CEO sees progress in water dispute

World Bank CEO sees progress in water dispute

World Bank Chief Executive Officer Kristalina Georgieva ended a three-day visit to Pakistan on Saturday by supporting a deepening of Pakistan's reforms for accelerating growth and saying she had "constructive discussions" with the country's leadership on
Published 29 Jan, 2017 12:00am
World Bank CEO sees progress in water dispute

World Bank CEO sees progress in water dispute

World Bank Chief Executive Officer Kristalina Georgieva ended a three-day visit to Pakistan on Saturday by supporting a deepening of Pakistan's reforms for accelerating growth and saying she had "constructive discussions" with the country's leadership on
Published 29 Jan, 2017 12:00am
High potential items facing lofty tariffs in China: PBC
Cotton

High potential items facing lofty tariffs in China: PBC

Pakistan Business Council (PBC), a non-profit business policy advocacy forum has revealed that Pakistan''s several high potential items are facing high tariffs in China despite a Free Trade Agreement (FTA). PBC in its third review of the Pakistan-China FT
Published 29 Jan, 2017 12:00am
High potential items facing lofty tariffs in China: PBC
Cotton

High potential items facing lofty tariffs in China: PBC

Pakistan Business Council (PBC), a non-profit business policy advocacy forum has revealed that Pakistan's several high potential items are facing high tariffs in China despite a Free Trade Agreement (FTA). PBC in its third review of the Pakistan-China FTA
Published 29 Jan, 2017 12:00am
High potential items facing lofty tariffs in China: PBC
Cotton

High potential items facing lofty tariffs in China: PBC

Pakistan Business Council (PBC), a non-profit business policy advocacy forum has revealed that Pakistan's several high potential items are facing high tariffs in China despite a Free Trade Agreement (FTA). PBC in its third review of the Pakistan-China FTA
Published 29 Jan, 2017 12:00am
Ministers' statements irk Khursheed, Qureshi

Ministers' statements irk Khursheed, Qureshi

Leader of the Opposition in the National Assembly Syed Khursheed Ahmed Shah has urged the NA Speaker Ayaz Sadiq during a telephonic conversation that federal ministers must be asked not to make controversial statements. Aaj News on Saturday reported that
Published 29 Jan, 2017 12:00am
HR activists back home safely

HR activists back home safely

Salman Haider, a human rights activist and professor at Fatima Jinnah Women University (FJWU) who went missing on January 6 from the federal capital, returned home Friday night. The police and family sources confirmed that Haider has returned home, saying
Published 29 Jan, 2017 12:00am
HR activists back home safely

HR activists back home safely

Salman Haider, a human rights activist and professor at Fatima Jinnah Women University (FJWU) who went missing on January 6 from the federal capital, returned home Friday night. The police and family sources confirmed that Haider has returned home, saying
Published 29 Jan, 2017 12:00am
UN food agency hopes for continued US funding

UN food agency hopes for continued US funding

The head of the World Food Programme said she was hopeful of continued US funding for the organisation, despite reports that Washington was mulling heavy cuts in financial support. Foreign Policy magazine reported on Thursday it had seen an executive orde
Published 29 Jan, 2017 12:00am
Nicaragua tobacco industry thrives thanks to US consumers

Nicaragua tobacco industry thrives thanks to US consumers

Cuba's cigars may be more famous, but Nicaragua has its own growing reputation as a tobacco producer, boasting a sector that is a big exporter and employer, thanks mainly to US demand. Esteli, a region in the north of the Central American country, has the
Published 29 Jan, 2017 12:00am
WTO says $1 trillion global trade treaty about to come into force

WTO says $1 trillion global trade treaty about to come into force

A trade accord that will boost global exports by $1 trillion is expected to come into force in the next two weeks, the head of the World Trade Organization said on Thursday, despite concerns over a more protectionist United States under Donald Trump.
Published 29 Jan, 2017 12:00am
Barcelona bans new hotels in city centre

Barcelona bans new hotels in city centre

The mayor of Barcelona on Friday banned the opening of new hotels in the saturated city centre, to end the flow of locals out of the area due to pressure on housing from the tourism sector. The new initiative is part of a broader urban planning scheme for
Published 29 Jan, 2017 12:00am
Europe faces steep price increases for some old cancer drugs

Europe faces steep price increases for some old cancer drugs

European prices for some off-patent cancer drugs have risen by more than 100 percent in the past five years, with two cases of hikes exceeding 1,000 percent, according to data presented at a medical conference on Saturday. Similar price rises for old drug
Published 29 Jan, 2017 12:00am
Jordan's Arab Bank group says 2016 net profit rises 20 percent

Jordan's Arab Bank group says 2016 net profit rises 20 percent

Jordan's largest lender, Arab Bank Group, said on Saturday its 2016 net profit rose 20 percent to $533 million, saying the results were due to diversified operations and growth in revenue from core banking activities. The bank, one of the Middle East's ma
Published 29 Jan, 2017 12:00am
Jordan's Arab Bank group says 2016 net profit rises 20 percent

Jordan's Arab Bank group says 2016 net profit rises 20 percent

Jordan's largest lender, Arab Bank Group, said on Saturday its 2016 net profit rose 20 percent to $533 million, saying the results were due to diversified operations and growth in revenue from core banking activities. The bank, one of the Middle East's ma
Published 29 Jan, 2017 12:00am
Japan says foreign workers top record one million

Japan says foreign workers top record one million

The number of foreign workers in Japan topped 1 million for the first time last year, the government has said, as the country looks overseas to offset labour shortages. Tokyo has moved little on loosening strict rules for foreign workers despite years of
Published 29 Jan, 2017 12:00am
Turkey debt outlook cut to ''negative'' by Standard and Poor''s
Currency

Turkey debt outlook cut to ''negative'' by Standard and Poor''s

The Standard and Poor''s agency said Friday it had cut the outlook for Turkey''s credit rating to ''negative'' from ''stable'' because of a slump of the lira. The national currency has dropped 18 percent against the dollar since the agency''s latest revie
Published 29 Jan, 2017 12:00am
Turkey debt outlook cut to 'negative' by Standard and Poor's
Currency

Turkey debt outlook cut to 'negative' by Standard and Poor's

The Standard and Poor's agency said Friday it had cut the outlook for Turkey's credit rating to 'negative' from 'stable' because of a slump of the lira. The national currency has dropped 18 percent against the dollar since the agency's latest review of Tu
Published 29 Jan, 2017 12:00am
Turkey debt outlook cut to 'negative' by Standard and Poor's
Currency

Turkey debt outlook cut to 'negative' by Standard and Poor's

The Standard and Poor's agency said Friday it had cut the outlook for Turkey's credit rating to 'negative' from 'stable' because of a slump of the lira. The national currency has dropped 18 percent against the dollar since the agency's latest review of Tu
Published 29 Jan, 2017 12:00am
Your rupee last year
Currency

Your rupee last year

Following currency fluctuations took place in foreign exchange rates during the last year. (January 04 to December 30, 2016).

Published 29 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (January 28, 2017) and the forecast for Sunday (January 29, 2017).

Published 29 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 28, 2017)

Published 29 Jan, 2017 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 (January 28, 2017).

Published 29 Jan, 2017 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 (January 28, 2017).

Published 29 Jan, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

KARACHI: The rupee managed to hold overnight levels against the dollar in the process of trading on Saturday, dealers said. Commenting on announcement for policy rate, currency viewers were of the view that the State Bank of Pakistan's decision to keep th
Published 29 Jan, 2017 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

KARACHI: The rupee managed to hold overnight levels against the dollar in the process of trading on Saturday, dealers said. Commenting on announcement for policy rate, currency viewers were of the view that the State Bank of Pakistan's decision to keep th
Published 29 Jan, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 28, 2017).

Published 29 Jan, 2017 12:00am
Asia's naphtha hold firm on lower supply

Asia's naphtha hold firm on lower supply

Asia's naphtha inter-month spread was entrenched in deep backwardation of $9 a tonne for a third straight session on Thursday due to tighter supplies while demand remained strong. Give the current fundamentals, buyers were paying more for cargoes. Japan's
Published 29 Jan, 2017 12:00am
Argentine 2016-17 soya crop seen at 53.5 million tonnes

Argentine 2016-17 soya crop seen at 53.5 million tonnes

Argentina's 2016-17 soya crop was forecast at 53.5 million tonnes by the Buenos Aires Grains Exchange on Thursday, citing poor weather as a reason for an expected drop from 56 million tonnes in the previous crop year. The forecast, given in the exchange's
Published 29 Jan, 2017 12:00am
European gasoline margins fall sharply

European gasoline margins fall sharply

Gasoline refining margins in northwest Europe fell sharply on Thursday, weighed down by rising inventories on both sides of the Atlantic. Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by 5.34 percent in th
Published 29 Jan, 2017 12:00am
CBOT wheat futures up on US export data

CBOT wheat futures up on US export data

Chicago Board of Trade wheat futures closed higher on Thursday after a choppy session, lifted by better-than-expected weekly US export sales data, traders said. CBOT March wheat settled up 2-1/2 cents at $4.27 per bushel. K.C. March hard red winter wheat
Published 29 Jan, 2017 12:00am
South Korea buys soya from Brazil

South Korea buys soya from Brazil

A private South Korean crushing mill purchased 165,000 tonnes of soyabeans to be sourced from Brazil in a tender which closed on Tuesday, European traders said on Wednesday. The soyabeans can contain genetically-modified organisms (GMOs) and were bought i
Published 29 Jan, 2017 12:00am
Israeli group buys corn, feed wheat and barley

Israeli group buys corn, feed wheat and barley

A group of Israeli private buyers bought corn, feed wheat and barley, all to be sourced from optional origins, in a tender that closed on Wednesday, European traders said on Thursday. Tonnage bought was unclear. The tender had sought up to 85,000 tonnes o
Published 29 Jan, 2017 12:00am
British gas prices fall on milder weather forecasts

British gas prices fall on milder weather forecasts

Day-ahead wholesale British gas prices fell on Thursday morning, as forecasts for milder temperatures and higher wind power output curbed demand. The day-ahead contract fell by 1.33 pence to 52.80 pence/therm by 0955 GMT.
Published 29 Jan, 2017 12:00am
Indian rice prices rise; Thai's fall in quiet market
Currency

Indian rice prices rise; Thai's fall in quiet market

Rice prices in India, top global exporter of the grain, advanced this week on robust domestic and international demand, while Thai prices fell in a quiet market. Prices for India's 5 percent broken parboiled rice rose this week to $354-$359 per tonne, fro
Published 29 Jan, 2017 12:00am
Cotton prices up as ginners not keen to sell at current levels
Cotton

Cotton prices up as ginners not keen to sell at current levels

Cotton rates on upward march on the local cotton market on Saturday as the ginners were not ready to sell fine quality at current levels, dealers said. As a result, the official spot rate recovered further Rs 50 to Rs 6650, dealers said. In Sindh, seed co
Published 29 Jan, 2017 12:00am
US Midwest corn, soyabean bids rise

US Midwest corn, soyabean bids rise

Spot corn and soyabean basis bids were steady to higher at a port along the Ohio River on Thursday amid minimal farmer sales, said merchants. However, the bulk of bids for both crops at other river terminals, elevators and processors were flat to weaker o
Published 29 Jan, 2017 12:00am
Palm oil lower on European vegoils market

Palm oil lower on European vegoils market

Palm oil eased on Thursday, following weaker Malaysian palm oil futures and sharply lower soyaoil futures. Asking prices for palm oil were between $12.50 and $22.50 a tonne down from Wednesday, after Malaysian futures closed between 18 and 41 ringgit per
Published 29 Jan, 2017 12:00am
Freight rates for large capesize dry cargo likely to slide

Freight rates for large capesize dry cargo likely to slide

Freight rates for large capesize dry cargo vessels on key Asian routes are likely to trend down next week as an oversupply of ships and reduced chartering activity due to the Chinese New Year holidays weigh on the market. "No one is particularly excited a
Published 29 Jan, 2017 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Cash basis bids for hard red winter wheat (HRW) around the southern US Plains on Thursday were unchanged amid limited farmer sales, merchants said. Producers resisted selling their wheat in anticipation of possibly higher prices after Chicago Board of Tra
Published 29 Jan, 2017 12:00am
US FOB Gulf corn offers higher on solid demand

US FOB Gulf corn offers higher on solid demand

Export premiums for corn shipped from the US Gulf Coast were steady to higher on Thursday, supported by solid demand and tight near-term loading capacity, traders said. Export sales of corn topped trade expectations last week at more than 1.3 million tonn
Published 29 Jan, 2017 12:00am
EU wheat futures higher as euro slips
Currency

EU wheat futures higher as euro slips

Euronext wheat futures ticked higher on Thursday, helped by a sharp drop in the euro, but lacked momentum to break out of their recent trading range, traders said. March milling wheat, the most active contract on Paris-based Euronext, was up 0.50 euro, or
Published 29 Jan, 2017 12:00am
US natural gas futures edge up on cold weather

US natural gas futures edge up on cold weather

US natural gas futures edged up to a more than one-week high on Thursday on forecasts that colder-than-normal weather will cover parts of the country through the second week of February. The rise came even though data showed a small storage draw for last
Published 29 Jan, 2017 12:00am
India's sugar output forecast to drop to lowest in seven years

India's sugar output forecast to drop to lowest in seven years

India's sugar production may fall to 21.3 million tonnes for the 2016/17 crop year, the lowest in seven years and 9 percent lower than previously forecast, as drought has curtailed cane supplies in key producing states, a trade body said on Wednesday.
Published 29 Jan, 2017 12:00am
Physical gold demand falls to 7-year low in 2016: GFMS

Physical gold demand falls to 7-year low in 2016: GFMS

Physical gold demand fell 20 percent last year to its lowest since 2009, GFMS analysts at Thomson Reuters said in a report on Thursday, as a rebound in prices after three straight years of losses blunted appetite for the metal. Buying of jewellery, coins
Published 29 Jan, 2017 12:00am
China crude stocks drop to 5-month low

China crude stocks drop to 5-month low

China's commercial crude oil inventories at the end of December fell 1.9 percent from the previous month to the lowest since July, the official Xinhua news agency said on Wednesday. The data echoes a separate set of official data released last Friday that
Published 29 Jan, 2017 12:00am
With plastic bags and plates, China tries to cure its corn hangover

With plastic bags and plates, China tries to cure its corn hangover

China's plan to get rid of its massive corn stockpile by using it as raw material for its fledgling biogradeable plastics industry could be a game changer for Changchun Shengda Biomaterial and other private factories in China's corn belt.
Published 29 Jan, 2017 12:00am
Cocoa backs up at Ivory Coast ports, exporters blame speculators

Cocoa backs up at Ivory Coast ports, exporters blame speculators

Cocoa is backing up at Ivory Coast's warehouses and ports, international exporters told Reuters, saying that domestic companies have been securing export rights at auction for beans they can no longer afford. Three exporters estimated that 15,000 to 20,00
Published 29 Jan, 2017 12:00am
LME's pitch for share of gold market faces bumpy ride

LME's pitch for share of gold market faces bumpy ride

Fears of inflexibility and rising costs are sapping enthusiasm for the London Metal Exchange's new suite of gold contracts, potentially leaving the exchange reliant on the threat of an increasing regulatory burden to drive uptake. London's $5 trillion-a-y
Published 29 Jan, 2017 12:00am
Indonesia clears French crop safety system, opens way for exports

Indonesia clears French crop safety system, opens way for exports

Indonesia has approved France's food safety system for grains, fruit and vegetables, France's farm office said, a move that should unblock exports stalled since last year in what traders said was retaliation against a proposed French tax on palm oil.
Published 29 Jan, 2017 12:00am
Cotton up for third straight session in muted trading
Cotton

Cotton up for third straight session in muted trading

ICE cotton futures climbed nearly 1 percent to rise for the third session in a row in thin volume trade on Friday and the natural fiber market registered its best weekly performance in three weeks. "There is a bit of buying going on. But the volumes are s
Published 29 Jan, 2017 12:00am
Copper, aluminium seen deflating in 2017 after speculative rallies

Copper, aluminium seen deflating in 2017 after speculative rallies

Copper and aluminium prices are expected to lose steam this year after speculators pushed up both markets despite surpluses that will persist into 2018, a Reuters poll showed. Zinc, which has been a favourite of investors, is expected to retain most of it
Published 29 Jan, 2017 12:00am
Liquidation risk hangs over oil and gas prices

Liquidation risk hangs over oil and gas prices

The threat of liquidation hangs over oil and gas prices in the short term as hedge funds have built the most bullish positions in both commodities since 2014. Hedge funds are running enormous net long positions in crude and gas even though prices have ris
Published 29 Jan, 2017 12:00am
Gold seen at $1,250/oz this year after 2016 bounce loses steam

Gold seen at $1,250/oz this year after 2016 bounce loses steam

Analysts have sharply scaled back expectations for gold prices this year after the metal's weak fourth-quarter performance, with the prospect of further US interest rate hikes and a bumper year for stocks weighing on interest in the metal.
Published 29 Jan, 2017 12:00am
Kernel in $500 million Eurobond deal

Kernel in $500 million Eurobond deal

Agribusiness Kernel has sold Eurobonds worth $500 million of 8.875 percent Eurobonds in Ukraine's first corporate issue since a 2013-14 uprising and separatist conflict plunged the country into economic crisis. The Warsaw-listed Ukrainian company, the wor
Published 29 Jan, 2017 12:00am
Kernel in $500 million Eurobond deal

Kernel in $500 million Eurobond deal

Agribusiness Kernel has sold Eurobonds worth $500 million of 8.875 percent Eurobonds in Ukraine's first corporate issue since a 2013-14 uprising and separatist conflict plunged the country into economic crisis. The Warsaw-listed Ukrainian company, the wor
Published 29 Jan, 2017 12:00am
BoJ slows bond buying, reminds markets focus is on rates

BoJ slows bond buying, reminds markets focus is on rates

The Bank of Japan likely reduced government bond buying this month than in December by forgoing purchases of short-term bonds on Wednesday, a move some market players saw as a prelude toward tapering the central bank's massive asset-buying programme.
Published 29 Jan, 2017 12:00am
TSX dips as energy shares weigh

TSX dips as energy shares weigh

Canada's benchmark stock index dipped for a second straight day on Friday as oil prices fell and some heavyweight energy shares lost ground, while electronics manufacturer Celestica Inc jumped to a 12-year high. The energy group retreated 1 percent as oil
Published 29 Jan, 2017 12:00am
US bond yields fall as Q4 GDP disappoints

US bond yields fall as Q4 GDP disappoints

US Treasury yields fell on Friday as data showing a sharper-than-forecast deceleration in economic growth in the fourth quarter spurred buying of US government debt ahead of the Federal Reserve's first policy meeting of 2017. Bond purchases were tempered
Published 29 Jan, 2017 12:00am
US bond yields fall as Q4 GDP disappoints

US bond yields fall as Q4 GDP disappoints

US Treasury yields fell on Friday as data showing a sharper-than-forecast deceleration in economic growth in the fourth quarter spurred buying of US government debt ahead of the Federal Reserve's first policy meeting of 2017. Bond purchases were tempered
Published 29 Jan, 2017 12:00am
France issues first 'green bonds' with record seven billion euro sale

France issues first 'green bonds' with record seven billion euro sale

France has issued its first "green bonds" with a record seven billion euro ($7.5 billion) sale, paving the way for the establishment of a genuine market in renewable energy bonds. Proceeds from Tuesday's sale of the 22-year bonds will be used to finance p
Published 29 Jan, 2017 12:00am
France issues first 'green bonds' with record seven billion euro sale

France issues first 'green bonds' with record seven billion euro sale

France has issued its first "green bonds" with a record seven billion euro ($7.5 billion) sale, paving the way for the establishment of a genuine market in renewable energy bonds. Proceeds from Tuesday's sale of the 22-year bonds will be used to finance p
Published 29 Jan, 2017 12:00am
Investment focus: Chipper mood on European earnings warrants caution

Investment focus: Chipper mood on European earnings warrants caution

The mood among analysts on the outlook for European earnings is the brightest in 6 years, although a combination of higher valuations and optimistic projections leaves the bar for disappointment in the imminent results season fairly low. Lofty expectation
Published 29 Jan, 2017 12:00am
Tunisia to start roadshow for one billion Eurobond

Tunisia to start roadshow for one billion Eurobond

Tunisia will start a roadshow for a Eurobond worth 1 billion euros on February 5, and expects to go to capital markets twice more this year with bonds worth up to another 2 billion euros, a government source told Reuters on Thursday. The North African sta
Published 29 Jan, 2017 12:00am
Tunisia to start roadshow for one billion Eurobond

Tunisia to start roadshow for one billion Eurobond

Tunisia will start a roadshow for a Eurobond worth 1 billion euros on February 5, and expects to go to capital markets twice more this year with bonds worth up to another 2 billion euros, a government source told Reuters on Thursday. The North African sta
Published 29 Jan, 2017 12:00am
India's BSE exchange draws robust demand for $182 million IPO

India's BSE exchange draws robust demand for $182 million IPO

An initial public offering from India's BSE Ltd, the country's second-biggest stock exchange, was well oversubscribed on the last day of the sale, helped by attractive valuations and expectations of robust growth for stocks in the coming years.
Published 29 Jan, 2017 12:00am
Wall Street slips after soft GDP data, earnings

Wall Street slips after soft GDP data, earnings

US stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump. US economic growth slowed more than expected
Published 29 Jan, 2017 12:00am
Gundlach sees Trump views weakening dollar, boosting TIPS demand

Gundlach sees Trump views weakening dollar, boosting TIPS demand

Jeffrey Gundlach, who oversees more than $101 billion of assets as chief executive of DoubleLine Capital, has predicted a weaker dollar and more demand for inflation-protected securities now that US President Donald Trump has "doubled down" on his stance
Published 29 Jan, 2017 12:00am
Dollar continues Trump-related broad uptrend
Currency

Dollar continues Trump-related broad uptrend

The dollar rose against the yen on Friday, extending a broad trend that has been in place since US President Donald Trump's election in November on expectations of more pro-growth policies to bolster an economy that has improved but sputtered at times.
Published 29 Jan, 2017 12:00am
Canadian dollar weakens
Currency

Canadian dollar weakens

The Canadian dollar weakened against its US counterpart on Friday as oil fell and investors braced for a speech next week by Bank of Canada Governor Stephen Poloz, while the greenback extended its recovery against a basket of major currencies.
Published 29 Jan, 2017 12:00am
Sudanese pound jumps against dollar on black market
Currency

Sudanese pound jumps against dollar on black market

The Sudanese pound strengthened on the black market on Thursday to 16 pounds to the dollar from 19, currency traders told Reuters. Sudan's central bank held the official rate at 6.8 pounds to the dollar.Bankers and traders credited the gains to former pre
Published 29 Jan, 2017 12:00am
Euro options suggest investors unruffled by Le Pen risk

Euro options suggest investors unruffled by Le Pen risk

The cost of hedging euro volatility against the dollar in the three months leading to the first-round of France's presidential election dipped on Tuesday, with investors showing few immediate signs of concern about a possible win for the far-right candida
Published 29 Jan, 2017 12:00am
Australia, New Zealand dollars seen down slightly this year
Currency

Australia, New Zealand dollars seen down slightly this year

The Australian and New Zealand dollars are seen declining slightly over the next year due to a strengthening US dollar, analysts said, but the fall will be limited by the relative high yields of the two currencies. A Reuters poll of 50 analysts saw the Au
Published 29 Jan, 2017 12:00am
South Africa's rand set to plunge seven percent this year
Currency

South Africa's rand set to plunge seven percent this year

South Africa's rand faces further pressure this year from a stronger US dollar, potential credit ratings cuts and political tensions ahead of the ruling African National Congress party's leadership conference in December. A Reuters poll of 36 strategists
Published 29 Jan, 2017 12:00am
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