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Oct 11, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-02-17
Businesspeople's legitimate concerns

Businesspeople's legitimate concerns

This is apropos a Business Recorder news item 'CPEC: No trade concessions to China: Dastgir" carried by the newspaper yesterday. According to it, Commerce Minister engineer Khurram Dastgir Khan has said that Pakistan will not extend trade concessio
Published 17 Feb, 2017 12:00am
Women in the workforce

Women in the workforce

Women in the workforce hold the key to a vibrant economy. Though Pakistan has seen a turnaround in economic stability, without women's participation in the workforce, accelerated growth will be a challenge. Despite a slow increase in the last 16 years, a
Published 17 Feb, 2017 12:00am
Coordination not confrontation

Coordination not confrontation

Promising whatever assistance is required by the civilian government wherever it is needed in the best national interest, the COAS Gen Qamar Javed Bajwa has supported the government's efforts to "mainstream" the Federally Administered Tribal Areas (Fata).
Published 17 Feb, 2017 12:00am
'Ownership' for claim of depreciation
Cotton

'Ownership' for claim of depreciation

Whether registered ownership of property ("depreciable asset" in legal jargon) is essential or not, to claim depreciation allowance under section 22 of the Income Tax Ordinance, 2001 is a vexing and important question for taxpayers engaged in business (wh
Published 17 Feb, 2017 12:00am
And yet another carnage

And yet another carnage

Yesterday, a suicide-bomber launched a grenade attack before blewing himself up at the shrine of Lal Shahbaz Qalandar in Sehwan, killing over 70 and injuring about 150 people. The number of casualties was quite high because the shrine was crowded by devot
Published 17 Feb, 2017 12:00am
Fiscal deficit

Fiscal deficit

Pakistan's fiscal deficit for the first half of the ongoing fiscal year has escalated to 2.4 percent of Gross Domestic Product - the highest in four years and only 0.2 percent lower than the much denigrated 2012-13 figure by the incumbent Finance Minister
Published 17 Feb, 2017 12:00am
Cotton down nearly 1pc as mills roll March contract
Cotton

Cotton down nearly 1pc as mills roll March contract

ICE cotton futures slipped nearly 1 percent on Wednesday as mills rolled over their March contracts ahead of the first notice day due next week. "The mills that had not rolled over their positions yet, went ahead and did that," said Gabriel Crivorot, anal
Published 17 Feb, 2017 12:00am
Shanghai copper eases
Currency

Shanghai copper eases

Shanghai Futures Exchange copper fell 0.9 percent to 48,680 yuan ($7,096.21) a tonne on Thursday after China's overseas investment weakened and sentiment waned over demand in the world's top copper user, but prices were supported on the prospect of length
Published 17 Feb, 2017 12:00am
Oil down 1pc despite news OPEC could extend output cut

Oil down 1pc despite news OPEC could extend output cut

Oil prices reversed gains to trade nearly 1 percent lower on Thursday but continued to hold in a tight range as the market weighed swelling US inventories against possible renewed efforts by major oil producers to reduce a price-sapping glut.
Published 17 Feb, 2017 12:00am
Rubber dips

Rubber dips

Benchmark Tokyo rubber futures slid on Thursday on news that Thailand plans further sales of the commodity from state stockpiles to ease supply concerns following recent floods in its main rubber-growing area, while weaker Shanghai futures added to the se
Published 17 Feb, 2017 12:00am
Palm oil drops to near three-month low

Palm oil drops to near three-month low

Malaysian palm oil futures fell to their lowest in nearly three months on Thursday evening, weighed down by expectations of rising output and tracking weaker performing rival oils. Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivati
Published 17 Feb, 2017 12:00am
Cocoa extends bounce above multi-year lows, robusta gains
Currency

Cocoa extends bounce above multi-year lows, robusta gains

Cocoa futures on ICE rallied on Thursday, extending the prior session's bounce up from multi-year lows and oversold territory as the markets corrected higher, while robusta coffee rose as Brazil appeared to move closer to allowing imports.
Published 17 Feb, 2017 12:00am
Gold moves higher in New York

Gold moves higher in New York

Gold rose as the dollar came off its highs on Wednesday, shrugging off earlier pressure from stronger-than-forecast US inflation and retail sales that added to expectations for near-term US interest rate rises.
Published 17 Feb, 2017 12:00am
Gold surges in Asia

Gold surges in Asia

Gold prices rose on Thursday as the dollar drifted down from one-month highs hit in the previous session on upbeat US economic data that boosted the prospects of an interest rate hike by the Federal Reserve next month. US retail sales rose more than expec
Published 17 Feb, 2017 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Thursday as the dollar weakened after a 10-day winning streak and investors took the opportunity to buy bullion as a hedge against political uncertainty in the United States and Europe. Spot gold rose 0.5 percent to $1,238.86 an ounce by 1336
Published 17 Feb, 2017 12:00am
US MIDDAY: wheat rises
Currency

US MIDDAY: wheat rises

US wheat futures rose to their highest in nearly eight months on Thursday, with strong government export data keying a recovery from weakness in the overnight trading session. Corn futures were modestly lower, easing in consolidation trade after also hitt
Published 17 Feb, 2017 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold rose on Thursday as the dollar weakened after a 10-day winning streak and investors took the opportunity to buy bullion as a hedge against political uncertainty in the United States and Europe. Spot gold rose 0.7 percent to $1,241.18 an ounce by 1557
Published 17 Feb, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,151. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 7.49 billion and the number of lots traded was 19,524.
Published 17 Feb, 2017 12:00am
Brazil's corn crop seen rising to record 89.6 million tonnes

Brazil's corn crop seen rising to record 89.6 million tonnes

Brazil's 2016/17 corn crop should reach a record 89.6 million tonnes as analysts raised expected yields due to favourable weather, according to a Reuters poll. Production was seen increasing 34.7 percent compared with the 2015/16 crop, which was negativel
Published 17 Feb, 2017 12:00am
US Midwest soyabean bids jump

US Midwest soyabean bids jump

Soyabean spot basis bids gained by 5 cents per bushel at a processor in Decatur, Illinois, on Tuesday and held steady elsewhere in the US Midwest as losses in futures kept a lid on farmer sales, dealers said.
Published 17 Feb, 2017 12:00am
Activities of Karachi and Qasim ports

Activities of Karachi and Qasim ports

The Karachi Port handled 157,650 tonnes of cargo comprising 131,063 tonnes of import cargo and 26,587 tonnes of export cargo including 6,428 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 17 Feb, 2017 12:00am
Stable trend on persistent demand
Cotton

Stable trend on persistent demand

Prices held the present levels on the cotton market on Thursday in the process of trading, dealers said. The official spot rate was unchanged at Rs 6700, they said. In Sindh, seed cotton prices were modestly higher by Rs 100 to Rs 3300-3500, they said. In
Published 17 Feb, 2017 12:00am
Cotton prices remain steady
Cotton

Cotton prices remain steady

Cotton prices in the ready market continued to maintain a steady posture due to decreasing domestic stocks. Total output for the current crop (August 2016/July 2017) is being projected at 10.8 million bales (155 Kgs) on an ex-gin basis. It is believed tha
Published 17 Feb, 2017 12:00am
Cotton prices remain steady
Cotton

Cotton prices remain steady

Cotton prices in the ready market continued to maintain a steady posture due to decreasing domestic stocks. Total output for the current crop (August 2016/July 2017) is being projected at 10.8 million bales (155 Kgs) on an ex-gin basis. It is believed tha
Published 17 Feb, 2017 12:00am
Bouchard pays off blind date bet at NBA game

Bouchard pays off blind date bet at NBA game

Canadian tennis star Eugenie Bouchard paid off her lost Super Bowl bet Wednesday by joining blind date John Goehrke at a Brooklyn Nets NBA home game against Milwaukee.
Published 17 Feb, 2017 12:00am
Team-PSO sweeps Cholistan Jeep Rally

Team-PSO sweeps Cholistan Jeep Rally

Pakistan State Oil-sponsored team has successfully clinched top positions at the 'Cholistan Desert Challenge' Jeep Rally 2017 organized at Derawar Fort, Southern Punjab. Five PSO-branded vehicles participated in the rally on behalf of Pakistan State Oil o
Published 17 Feb, 2017 12:00am
Afghan skiers take first step towards Olympics

Afghan skiers take first step towards Olympics

Afghanistan's Alishah Farhang and Sajjad Husaini made history at the World Ski Championships on Thursday when they took part in qualification for the men's giant slalom, the first step towards competing at next year's Winter Olympics.
Published 17 Feb, 2017 12:00am
Pakistan rugby women to make international debut

Pakistan rugby women to make international debut

Pakistan's women's rugby team will make their international debut at the Asian Women's Rugby Sevens in Laos this weekend, determined to succeed despite a lack of funding. Pakistan's participation in the tournament, which includes sides from India, South K
Published 17 Feb, 2017 12:00am
Kerber's belated Qatar Open start ends in defeat

Kerber's belated Qatar Open start ends in defeat

World number two Angelique Kerber finally got to play her first match at the rain-affected Qatar Open on Thursday and promptly crashed out of the tournament. She lost 6-4, 0-6, 6-4 to Russian teenager Daria Kasatkina in a second round match, after Kerber
Published 17 Feb, 2017 12:00am
FIFA says no 'true evidence' of brain injury risk

FIFA says no 'true evidence' of brain injury risk

FIFA insisted Thursday there is no conclusive proof that heading a ball causes an increased risk of brain disease, after the release of a study on footballers who died from dementia. "To our very best knowledge, there is currently no true evidence of the
Published 17 Feb, 2017 12:00am
Thiago-inspired Bayern hand Arsenal 5-1 rout

Thiago-inspired Bayern hand Arsenal 5-1 rout

Arsene Wenger's future was plunged into further doubt on Wednesday as Thiago Alcantara inspired Bayern Munich to a 5-1 rout of hapless Arsenal to leave the Gunners facing a seventh straight Champions League last-16 exit.
Published 17 Feb, 2017 12:00am
Real Madrid bounce back to beat Napoli

Real Madrid bounce back to beat Napoli

Real Madrid shrugged off conceding an early away goal to take a huge step towards a seventh straight Champions League quarter-final as goals from Karim Benzema, Toni Kroos and Casemiro sealed a 3-1 win over Napoli on Wednesday.
Published 17 Feb, 2017 12:00am
Isner fires 26 aces to beat Nishioka at Memphis

Isner fires 26 aces to beat Nishioka at Memphis

US second seed John Isner blasted 26 aces Wednesday in rallying to defeat Japan's Yoshihito Nishioka 4-6, 6-3, 6-4 and advance to the ATP Memphis Open quarter-finals.
Published 17 Feb, 2017 12:00am
FA post record £370 million turnover despite England flop

FA post record £370 million turnover despite England flop

England's Euro 2016 campaign may have ended in a humiliating defeat by Iceland but that did not stop the national governing Football Association making a record £370 million ($462 million, 435 million euros) turnover during the 2015/16 season.
Published 17 Feb, 2017 12:00am
FIFA boss unworried about Russia 2018 hooligans

FIFA boss unworried about Russia 2018 hooligans

FIFA president Gianni Infantino said Thursday he was not worried about hooliganism at next year's Russia World Cup, amid growing fears the tournament could be blighted by fan violence. Speaking in Qatar following a FIFA executive summit meeting, Infantino
Published 17 Feb, 2017 12:00am
Dubai developer reports jump in annual net profits

Dubai developer reports jump in annual net profits

Dubai-based developer Emaar, which built the world's tallest tower Burj Khalifa, said Tuesday its net profits rose sharply last year due to increased revenue in real estate, retail and hospitality. Emaar Properties recorded annual net profits of 5.233 bil
Published 17 Feb, 2017 12:00am
Dubai developer reports jump in annual net profits

Dubai developer reports jump in annual net profits

Dubai-based developer Emaar, which built the world's tallest tower Burj Khalifa, said Tuesday its net profits rose sharply last year due to increased revenue in real estate, retail and hospitality. Emaar Properties recorded annual net profits of 5.233 bil
Published 17 Feb, 2017 12:00am
Toyota recalling Mirai vehicles

Toyota recalling Mirai vehicles

Toyota said Wednesday it is recalling all the Mirai fuel-cell vehicles it has sold globally due to a software glitch that can shut off its hydrogen-powered system. The auto giant said it would call back about 2,800 Mirai vehicles made between November 201
Published 17 Feb, 2017 12:00am
Oil attacks in 2016 cost Nigeria up to $100 billion

Oil attacks in 2016 cost Nigeria up to $100 billion

Militant attacks on key oil facilities last year reduced Nigeria's output by one million barrels per day, resulting in a revenue loss of up to $100 billion (94 billion euros), according to the government. "At the highest point of this last year, we were p
Published 17 Feb, 2017 12:00am
How Sanofi lost out to J&J in $30 billion battle for Actelion

How Sanofi lost out to J&J in $30 billion battle for Actelion

Swiss biotech company Actelion, days before agreeing to a $30 billion bid by Johnson & Johnson, found a rival offer to be as attractive but went with J&J because its offer provided more certainty, a filing showed on Thursday.
Published 17 Feb, 2017 12:00am
How Sanofi lost out to J&J in $30 billion battle for Actelion

How Sanofi lost out to J&J in $30 billion battle for Actelion

Swiss biotech company Actelion, days before agreeing to a $30 billion bid by Johnson & Johnson, found a rival offer to be as attractive but went with J&J because its offer provided more certainty, a filing showed on Thursday.
Published 17 Feb, 2017 12:00am
Deutsche Boerse CEO denies insider trading allegations

Deutsche Boerse CEO denies insider trading allegations

The head of Deutsche Boerse said insider trading allegations against him were unfounded, pointing out that he did not determine the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exchange (LSE).
Published 17 Feb, 2017 12:00am
Portugal books tourism record

Portugal books tourism record

A record number of foreign tourists stayed in Portuguese hotels last year, official data showed Wednesday, boosting the economy after a punishing international bailout. Tourist arrivals and all travel-related revenues, which account for around 10 percent
Published 17 Feb, 2017 12:00am
Berlin vows to protect jobs if Opel-PSA merger goes ahead

Berlin vows to protect jobs if Opel-PSA merger goes ahead

Berlin will intervene to protect German jobs and factories at carmaker Opel, government spokespeople said Wednesday, responding to news that France's PSA is in talks to buy the General Motors subsidiary.
Published 17 Feb, 2017 12:00am
AkzoNobel posts dip in profits but paints rosy future
Currency

AkzoNobel posts dip in profits but paints rosy future

The world's top paint maker AkzoNobel on Wednesday posted a small drop in profit for 2016, but said targets were on track for the next two years. Net profit slipped by 1.0 percent to 970 million euros ($1.02 billion) "mainly due to lower incidental items
Published 17 Feb, 2017 12:00am
AkzoNobel posts dip in profits but paints rosy future
Currency

AkzoNobel posts dip in profits but paints rosy future

The world's top paint maker AkzoNobel on Wednesday posted a small drop in profit for 2016, but said targets were on track for the next two years. Net profit slipped by 1.0 percent to 970 million euros ($1.02 billion) "mainly due to lower incidental items
Published 17 Feb, 2017 12:00am
USF Board approves 3G services to un-served area in KP

USF Board approves 3G services to un-served area in KP

USF Board approved provisioning of 3G Services to un-served area in Khyber Pakhtunkhwa. Universal Service Fund Company (USF Co) 50th Board of Directors Meeting was convened on Thursday 16, 2017 in the Ministry of Information Technology and Telecom, Islama
Published 17 Feb, 2017 12:00am
UET announces exam schedule

UET announces exam schedule

University of Engineering and Technology, Peshawar, has announced examination schedule for B.Tech, first and second Year (four years program) Old and New course, supplementary Examination 2015 and 2016.
Published 17 Feb, 2017 12:00am
Women entrepreneurs: SECP holds investor education seminar

Women entrepreneurs: SECP holds investor education seminar

The Securities and Exchange Commission of Pakistan (SECP), in collaboration with The Indus Entrepreneurs (TiE), conducted its first ever awareness and facilitation session for budding women entrepreneurs of Islamabad at TiE Islamabad's WECREATE centre.
Published 17 Feb, 2017 12:00am
Senate body irked by absence of FBR chief

Senate body irked by absence of FBR chief

The chairman Federal Board of Revenue (FBR) came under severe criticism during a meeting of Senate Standing Committee on Finance, which was irked by his persistent absence. On Thursday, the Senate Standing Committee on Finance met with Senator Saleem Mand
Published 17 Feb, 2017 12:00am
FIA sends red warrant for Altaf to Interpol

FIA sends red warrant for Altaf to Interpol

Federal Investigation Agency (FIA) on Thursday sent a red warrant to Interpol headquarters against Muttahida Qaumi Movement (MQM) chief Altaf Hussain after the orders of special anti-terrorism court ordering the arrest of MQM-London leader and his present
Published 17 Feb, 2017 12:00am
Pakistan seeks French cupertino in surgical technology

Pakistan seeks French cupertino in surgical technology

Pakistan is interested in learning and adopting the advanced techniques in the field of surgery and laparoscopy. This was stated by the Ambassador of Pakistan Moin ul Haque during his meeting with Professor Jacques Marescaux, Founder and President of the
Published 17 Feb, 2017 12:00am
Security on high alert in Islamabad

Security on high alert in Islamabad

In the wake of growing terror threats, Islamabad police put security on high alert and launched joint search operation along with Rangers and other security agencies in the outskirts of the federal capital on Thursday.
Published 17 Feb, 2017 12:00am
KP PDWP approves 30 projects for various sectors

KP PDWP approves 30 projects for various sectors

The Provincial Development Working Party (PDWP), Khyber Pakhtunkhwa held its meeting under the Chairmanship of Muhammad Azam Khan, Additional Chief Secretary Khyber Pakhtunkhwa on Thursday. The meeting was attended by its members and respective administra
Published 17 Feb, 2017 12:00am
Tesco tests waters in country with Alpha Supermarkets tie-up

Tesco tests waters in country with Alpha Supermarkets tie-up

Britain's biggest retailer Tesco will stock its products at a supermarket chain, a Tesco official said on Thursday, dipping its toes in a country of nearly 200 million with rising consumer spending and a growing middle class.
Published 17 Feb, 2017 12:00am
CADD asked to ensure availability of new medical machines in hospitals

CADD asked to ensure availability of new medical machines in hospitals

National Assembly Standing Committee on Cabinet Secretariat has expressed serious concern over shortage and out of order medical machines in the public hospitals of Islamabad. The committee met with Rana Muhammad Hayat Khan in the chair here on Thursday.
Published 17 Feb, 2017 12:00am
Meezan Bank announces financial results for 2016

Meezan Bank announces financial results for 2016

The Board of Directors of Meezan Bank in its meeting held in Karachi approved the audited unconsolidated financial statements of the Bank and its audited consolidated financial statements for the year ended on December 31.
Published 17 Feb, 2017 12:00am
Minister chairs oath-taking ceremony of EWA Lahore board

Minister chairs oath-taking ceremony of EWA Lahore board

Provincial Minister Higher Education Syed Raza Ali Gilani Thursday chaired the oath taking ceremony of newly elected office bearers of employees welfare association (EWA) of Board of Intermediate and Secondary Education Lahore.
Published 17 Feb, 2017 12:00am
Ongoing work on OLMT project reviewed

Ongoing work on OLMT project reviewed

Chairman of the Steering Committee for Lahore Orange Line Metro Train (OLMT) Project, Kh. Ahmad Hassaan while talking to media persons after chairing the weekly progress review meeting regarding ongoing work on OLMT project, here on Thursday has directed
Published 17 Feb, 2017 12:00am
Protests held against proposed amendments in Drug Act, 1976

Protests held against proposed amendments in Drug Act, 1976

Hundreds of life-saving drug dealers, medical store owners and distributors of allopathic, herbal, Homeopathic medicines carried out a protest rally Tuesday on the third day of their protest against the proposed amendments in Drug Act 1976 - bringing stri
Published 17 Feb, 2017 12:00am
PFA carries out surprise checking of canteens of hospitals

PFA carries out surprise checking of canteens of hospitals

The Punjab Food Authority (PFA) on Thursday carried out surprise checking of canteens of hospitals in different cities of the province and imposed heavy fines on 36 canteens on the charges of flouting rules of hygiene.
Published 17 Feb, 2017 12:00am
LDA retrieves plots from occupants

LDA retrieves plots from occupants

Staff of Estate Management Directorate Lahore Development Authority (LDA) retrieved plots No.413 and 414 of block R-1 Johar Town from illegal occupants on Thursday. Staff of Town Planning Wing of LDA sealed an illegal construction on plot No-9 in Gulberg-
Published 17 Feb, 2017 12:00am
ACCA-WWF Pakistan to reward good sustainability reporting

ACCA-WWF Pakistan to reward good sustainability reporting

ACCA Pakistan has partnered with WWF Pakistan to reward and recognise good sustainability reporting via the ACCA-WWF Pakistan Environmental Reporting Awards. At the heart of our judging criteria is GRI the "go to" standard for enterprises to start reporti
Published 17 Feb, 2017 12:00am
Business community urges FBR to widen tax net

Business community urges FBR to widen tax net

Business community has demanded of the Federal Board of Revenue (FBR) to bring those 3.5 million people into the tax net who were registered with the department instead of penalising the existing taxpayers.
Published 17 Feb, 2017 12:00am
Business community urges FBR to widen tax net

Business community urges FBR to widen tax net

Business community has demanded of the Federal Board of Revenue (FBR) to bring those 3.5 million people into the tax net who were registered with the department instead of penalising the existing taxpayers.
Published 17 Feb, 2017 12:00am
PACP holds training programme

PACP holds training programme

The Punjab AIDS Control Program (PACP) organised training of medical officers and paramedical staff on HIV/AIDS case detection, treatment and counselling at Government Paramedical College Sargodha on Thursday.
Published 17 Feb, 2017 12:00am
PSB-II accords promotion to five PMS officers

PSB-II accords promotion to five PMS officers

Provincial Selection Board-II (PSB-II) meeting held at Civil Secretariat, under the chairmanship of Additional Chief Secretary Punjab, Shamail Ahmad Khawaja, Thursday decided to accord promotion to five PMS (BPS-17) officers to Grade-18 as Deputy Secretar
Published 17 Feb, 2017 12:00am
European car market gets off to good start in 2017

European car market gets off to good start in 2017

After a very good year in 2016, the European car market got off to a positive start in 2017, with new car sales jumping by more than 10 percent, industry data showed on Thursday.
Published 17 Feb, 2017 12:00am
Bond-buying boosts ECB profits, balance sheet in 2016
Currency

Bond-buying boosts ECB profits, balance sheet in 2016

The European Central Bank said Thursday it had increased net profits in 2016 largely thanks to its massive bond purchases, which also pushed its balance sheet to 3.7 trillion euros. The Frankfurt institution earned 1.19 billion euros ($1.3 billion) profit
Published 17 Feb, 2017 12:00am
Bond-buying boosts ECB profits, balance sheet in 2016
Currency

Bond-buying boosts ECB profits, balance sheet in 2016

The European Central Bank said Thursday it had increased net profits in 2016 largely thanks to its massive bond purchases, which also pushed its balance sheet to 3.7 trillion euros. The Frankfurt institution earned 1.19 billion euros ($1.3 billion) profit
Published 17 Feb, 2017 12:00am
Big US banks to push for easing of money laundering rules
Currency

Big US banks to push for easing of money laundering rules

America's largest banks are to propose a complete overhaul of how financial institutions investigate and report potential criminal activity, arguing that rules imposed in the years after the September 11, 2001 attacks and strengthened during the Obama adm
Published 17 Feb, 2017 12:00am
Austria sues Airbus over Eurofighter deal

Austria sues Airbus over Eurofighter deal

Austria said Thursday that it has sued European aerospace giant Airbus over a $2-billion sale of Eurofighter jets that has long been plagued by allegations of kickbacks. A government probe concluded that the Airbus and Eurofighter consortium had "delibera
Published 17 Feb, 2017 12:00am
Bangladeshi garment workers live in fear

Bangladeshi garment workers live in fear

Bangladeshi garment workers are living in constant fear of arrest as police hunt those involved in strikes over wages that have disrupted the global textile hub, union leaders said Thursday. Tens of thousands of workers in the industrial town of Ashulia s
Published 17 Feb, 2017 12:00am
US housing starts fall; building permits hit one-year high

US housing starts fall; building permits hit one-year high

US homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track.
Published 17 Feb, 2017 12:00am
Gulf markets end week on firm footing
Currency

Gulf markets end week on firm footing

Stock markets in the Gulf closed on a firm footing on Thursday in line with generally upbeat global shares and stabilising crude oil prices, while Egypt's bourse ended a five-day losing streak. Dubai's index edged up 0.2 percent in thin trade. GFH Financi
Published 17 Feb, 2017 12:00am
Tokyo stocks fall

Tokyo stocks fall

Tokyo stocks fell Thursday on profit-taking and as automakers were dented by a strong yen, overshadowing another record close on Wall Street. New York's main indexes pressed on with their surge Wednesday after figures showed US inflation hit a four-year h
Published 17 Feb, 2017 12:00am
Wall Street rises further into uncharted territory

Wall Street rises further into uncharted territory

Wall Street pushed further into record-high territory on Wednesday, with the S&P 500 on track for a seven-session winning streak, helped by a round of robust economic data and ongoing optimism that President Donald Trump will cut corporate taxes.
Published 17 Feb, 2017 12:00am
Hong Kong stocks climb

Hong Kong stocks climb

Hong Kong stocks closed at an 18-month high on Thursday, with sentiment boosted by Wall Street's ongoing rally and demand from China. The benchmark Hang Seng index added 0.5 percent, to 24,107.70 points, the highest since August 2015, while the Hong Kong
Published 17 Feb, 2017 12:00am
Treasury yields jump

Treasury yields jump

Benchmark US Treasury yields rose to 2-1/2-week highs on Wednesday after data showing surging consumer price inflation in January bolstered expectations that the Federal Reserve is closer to raising interest rates.
Published 17 Feb, 2017 12:00am
Treasury yields jump

Treasury yields jump

Benchmark US Treasury yields rose to 2-1/2-week highs on Wednesday after data showing surging consumer price inflation in January bolstered expectations that the Federal Reserve is closer to raising interest rates.
Published 17 Feb, 2017 12:00am
Australian shares up; New Zealand falls

Australian shares up; New Zealand falls

Australian shares closed at a near two-year high on Thursday, as the drag in the telecom sector was offset by gains in financial and material stocks. The S&P/ASX 200 index ended 0.1 percent higher, or 7.23 points, at 5,816.3, its highest close since May 5
Published 17 Feb, 2017 12:00am
Indian shares surge

Indian shares surge

Indian shares ended higher on Thursday, driven by gains in IT stocks after Tata Consultancy Services said its board would consider a share buyback plan next week. The benchmark BSE index closed 0.52 percent up at 28,301.27. The broader NSE index rose 0.61
Published 17 Feb, 2017 12:00am
China stocks rise

China stocks rise

China stocks posted modest gains on Thursday as higher commodity prices and infrastructure spending continued to boost shares of firms in the materials sector. The blue-chip CSI300 index rose 0.6 percent to 3,440.93 points, while the Shanghai Composite In
Published 17 Feb, 2017 12:00am
European shares retreat after seven sessions of gains

European shares retreat after seven sessions of gains

European equities fell on Thursday after seven straight sessions of gains, with weaker metal prices weighing on miners and a poor update battering shares in engineering group Cobham. Companies like NN Group and Drax also dragged the market lower after the
Published 17 Feb, 2017 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell on Thursday as investors booked profit after a five-session rally lifted the main index to highs not seen since mid-2015. The main TAIEX index fell 0.3 percent to 9,767.98 points as of 0402 GMT. It hit 9,869.59 earlier in the session, t
Published 17 Feb, 2017 12:00am
SE Asian markets: Philippines gains, Indonesia down

SE Asian markets: Philippines gains, Indonesia down

Philippine shares on Thursday recouped previous session's losses to end higher as industrials and financials rallied, while Indonesia closed lower after the much-watched first round election for Jakarta governor produced no clear outcome.
Published 17 Feb, 2017 12:00am
Rabbani seeks government briefing on attacks perpetrators

Rabbani seeks government briefing on attacks perpetrators

The government had to face embarrassment in Senate on Thursday as it is still clueless about fresh series of terror attacks, playing havoc with the lives of innocent people, across the country. In wake of the fresh spell of violence, Senate Chairman Raza
Published 17 Feb, 2017 12:00am
Government in deep slumber as terror incidents resurge

Government in deep slumber as terror incidents resurge

The sudden rise in terror incidents in the country is being attributed to the nexus between the terrorist groups with their sleepers' cells which are yet to be eliminated due to lack of focus of the government on security issues.
Published 17 Feb, 2017 12:00am
Participation of India in CPEC Project to usher in new era: Kulkarni

Participation of India in CPEC Project to usher in new era: Kulkarni

The participation of India in the China Pakistan Economic Corridor (CPEC) Project could usher in a new era for prosperity and change in the face of South Asia. Sudheendra Kulkarni, Chairman, Observer Research Foundation, India, shared these views at the p
Published 17 Feb, 2017 12:00am
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