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Oct 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-04-02
Google, Amazon eye Toshiba''''s chip unit

Google, Amazon eye Toshiba''''s chip unit

Google and Amazon joined a list of potential buyers eyeing Toshiba''''s lucrative memory chip business as the Japanese conglomerate seeks bidders to cover huge losses, a newspaper said Saturday. Toshiba has reportedly completed the first round of bidding
Published 02 Apr, 2017 12:00am
Google, Amazon eye Toshiba''s chip unit

Google, Amazon eye Toshiba''s chip unit

Google and Amazon joined a list of potential buyers eyeing Toshiba''s lucrative memory chip business as the Japanese conglomerate seeks bidders to cover huge losses, a newspaper said Saturday. Toshiba has reportedly completed the first round of bidding fo
Published 02 Apr, 2017 12:00am
Google, Amazon eye Toshiba's chip unit

Google, Amazon eye Toshiba's chip unit

Google and Amazon joined a list of potential buyers eyeing Toshiba's lucrative memory chip business as the Japanese conglomerate seeks bidders to cover huge losses, a newspaper said Saturday. Toshiba has reportedly completed the first round of bidding for
Published 02 Apr, 2017 12:00am
FDI in Pakistan: China now top investing country

FDI in Pakistan: China now top investing country

Federal Minister for Planning, Development and Reform, Ahsan Iqbal Saturday said that China and Pakistan have emerged as the top countries in respect of Foreign Direct Investment (FDI). The minister expressed these views at the Planning Commission during
Published 02 Apr, 2017 12:00am
FDI in Pakistan: China now top investing country

FDI in Pakistan: China now top investing country

Federal Minister for Planning, Development and Reform, Ahsan Iqbal Saturday said that China and Pakistan have emerged as the top countries in respect of Foreign Direct Investment (FDI). The minister expressed these views at the Planning Commission during
Published 02 Apr, 2017 12:00am
FDI in Pakistan: China now top investing country

FDI in Pakistan: China now top investing country

Federal Minister for Planning, Development and Reform, Ahsan Iqbal Saturday said that China and Pakistan have emerged as the top countries in respect of Foreign Direct Investment (FDI). The minister expressed these views at the Planning Commission during
Published 02 Apr, 2017 12:00am
China manufacturing grows modestly in March
Currency

China manufacturing grows modestly in March

China''''s manufacturing activity expanded slightly in March, independent figures showed Saturday, suggesting steady but slowing growth in the world''''s second-largest economy. The figures compare with an official reading Friday hinting that a years-long
Published 02 Apr, 2017 12:00am
China manufacturing grows modestly in March
Currency

China manufacturing grows modestly in March

China''s manufacturing activity expanded slightly in March, independent figures showed Saturday, suggesting steady but slowing growth in the world''s second-largest economy. The figures compare with an official reading Friday hinting that a years-long gro
Published 02 Apr, 2017 12:00am
China manufacturing grows modestly in March
Currency

China manufacturing grows modestly in March

China's manufacturing activity expanded slightly in March, independent figures showed Saturday, suggesting steady but slowing growth in the world's second-largest economy. The figures compare with an official reading Friday hinting that a years-long growt
Published 02 Apr, 2017 12:00am
Filings show Ivanka Trump, husband Jared benefiting from business empire

Filings show Ivanka Trump, husband Jared benefiting from business empire

Donald Trump''''''''s daughter Ivanka and her husband Jared Kushner have held onto investments potentially worth $740 million while working government jobs, one of the revelations from newly released ethics filings raising questions about possible conflic
Published 02 Apr, 2017 12:00am
Filings show Ivanka Trump, husband Jared benefiting from business empire

Filings show Ivanka Trump, husband Jared benefiting from business empire

Donald Trump''''s daughter Ivanka and her husband Jared Kushner have held onto investments potentially worth $740 million while working government jobs, one of the revelations from newly released ethics filings raising questions about possible conflicts o
Published 02 Apr, 2017 12:00am
Filings show Ivanka Trump, husband Jared benefiting from business empire

Filings show Ivanka Trump, husband Jared benefiting from business empire

Donald Trump''s daughter Ivanka and her husband Jared Kushner have held onto investments potentially worth $740 million while working government jobs, one of the revelations from newly released ethics filings raising questions about possible conflicts of
Published 02 Apr, 2017 12:00am
Filings show Ivanka Trump, husband Jared benefiting from business empire

Filings show Ivanka Trump, husband Jared benefiting from business empire

Donald Trump's daughter Ivanka and her husband Jared Kushner have held onto investments potentially worth $740 million while working government jobs, one of the revelations from newly released ethics filings raising questions about possible conflicts of i
Published 02 Apr, 2017 12:00am
Army chief ''stands by democracy'', says Imran

Army chief ''stands by democracy'', says Imran

A day after an hour-long meeting with Chief of Army Staff General Qamar Javed Bajwa, Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Saturday declined to divulge details of his meeting but he did say that the General "stands by democracy." Speaking at
Published 02 Apr, 2017 12:00am
Army chief 'stands by democracy', says Imran

Army chief 'stands by democracy', says Imran

A day after an hour-long meeting with Chief of Army Staff General Qamar Javed Bajwa, Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Saturday declined to divulge details of his meeting but he did say that the General "stands by democracy." Speaking at
Published 02 Apr, 2017 12:00am
Prime Minister diagnosed with kidney stones

Prime Minister diagnosed with kidney stones

Prime Minister Nawaz Sharif was on Saturday diagnosed with stones in kidney. The Prime Minister underwent a (CT) scan. Doctors confirmed the presence of stones in his left kidney. The prime minister was allowed to go home. Most kidney stones pass through
Published 02 Apr, 2017 12:00am
Prime Minister diagnosed with kidney stones

Prime Minister diagnosed with kidney stones

Prime Minister Nawaz Sharif was on Saturday diagnosed with stones in kidney. The Prime Minister underwent a (CT) scan. Doctors confirmed the presence of stones in his left kidney. The prime minister was allowed to go home. Most kidney stones pass through
Published 02 Apr, 2017 12:00am
Modi''s visit: shutdown to be observed in IoK today

Modi''s visit: shutdown to be observed in IoK today

Complete shutdown will be observed in occupied Kashmir on Sunday (today) against Indian Prime Minister Narendra Modi''s proposed visit to the territory. Call for the shutdown has been given by the joint resistance leadership comprising Syed Ali Gilani, Mi
Published 02 Apr, 2017 12:00am
Modi's visit: shutdown to be observed in IoK today

Modi's visit: shutdown to be observed in IoK today

Complete shutdown will be observed in occupied Kashmir on Sunday (today) against Indian Prime Minister Narendra Modi's proposed visit to the territory. Call for the shutdown has been given by the joint resistance leadership comprising Syed Ali Gilani, Mir
Published 02 Apr, 2017 12:00am
LEAs arrest two KU teachers

LEAs arrest two KU teachers

Moments before a press conference for the release of Dr Hassan Zafar Arif by Teachers'' Society, two of its members were arrested by the law enforcement agencies (LEAs) on Saturday outside Karachi Press Club (KPC). Dr Riaz, head of teachers'' society, and
Published 02 Apr, 2017 12:00am
LEAs arrest two KU teachers

LEAs arrest two KU teachers

Moments before a press conference for the release of Dr Hassan Zafar Arif by Teachers' Society, two of its members were arrested by the law enforcement agencies (LEAs) on Saturday outside Karachi Press Club (KPC). Dr Riaz, head of teachers' society, and a
Published 02 Apr, 2017 12:00am
Khawaja refuses to quit

Khawaja refuses to quit

AD Khawaja has reportedly refused to quit as Inspector General of Police after the Sindh government issued notification ordering him to surrender his services on Friday. A private news channel quoted sources as saying that IG Sindh Police AD Khawaja refus
Published 02 Apr, 2017 12:00am
Khawaja refuses to quit

Khawaja refuses to quit

AD Khawaja has reportedly refused to quit as Inspector General of Police after the Sindh government issued notification ordering him to surrender his services on Friday. A private news channel quoted sources as saying that IG Sindh Police AD Khawaja refus
Published 02 Apr, 2017 12:00am
Sindh IGP Khawaja removed

Sindh IGP Khawaja removed

The Sindh government on Saturday removed Inspector General of Police (IGP) Sindh AD Khuwaja from his post and appointed Sardar Abdul Majeed as acting IGP of the province. According to sources, federal government is likely to turn down Sindh government''s
Published 02 Apr, 2017 12:00am
Sindh IGP Khawaja removed

Sindh IGP Khawaja removed

The Sindh government on Saturday removed Inspector General of Police (IGP) Sindh AD Khuwaja from his post and appointed Sardar Abdul Majeed as acting IGP of the province. According to sources, federal government is likely to turn down Sindh government's d
Published 02 Apr, 2017 12:00am
Lewis-inspired West Indies crush Pakistan in third T20

Lewis-inspired West Indies crush Pakistan in third T20

Evin Lewis thrashed his way to 91 off 51 balls as the West Indies swept aside Pakistan by seven wickets in the third T20 International at the Queen''s Park Oval in Trinidad on Saturday. Responding to the visitors'' total of 137 for eight, Lewis hoisted n
Published 02 Apr, 2017 12:00am
Lewis-inspired West Indies crush Pakistan in third T20

Lewis-inspired West Indies crush Pakistan in third T20

Evin Lewis thrashed his way to 91 off 51 balls as the West Indies swept aside Pakistan by seven wickets in the third T20 International at the Queen's Park Oval in Trinidad on Saturday. Responding to the visitors' total of 137 for eight, Lewis hoisted nin
Published 02 Apr, 2017 12:00am
Colombia mudslides kill at least 150

Colombia mudslides kill at least 150

Mudslides have killed 150 people, injured 180 and left up to 200 missing after destroying homes in southern Colombia, the Red Cross and officials said Saturday. The surge swept away houses, bridges, vehicles and trees, leaving piles of wrecked timber and
Published 02 Apr, 2017 12:00am
Colombia mudslides kill at least 150

Colombia mudslides kill at least 150

Mudslides have killed 150 people, injured 180 and left up to 200 missing after destroying homes in southern Colombia, the Red Cross and officials said Saturday. The surge swept away houses, bridges, vehicles and trees, leaving piles of wrecked timber and
Published 02 Apr, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (April 01, 2017) and the forecast for Sunday (April 02, 2017).

Published 02 Apr, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 01, 2017)

Published 02 Apr, 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 (April 01, 2017).

Published 02 Apr, 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 (April 01, 2017).

Published 02 Apr, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
THE RUPEE: rising trend
Currency

THE RUPEE: rising trend

The rupee posted modest gains versus the dollar on the money market on Saturday in the process of trading, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling at Rs 106.10 and Rs 106.30 respectively, they said. It also ga
Published 02 Apr, 2017 12:00am
THE RUPEE: rising trend
Currency

THE RUPEE: rising trend

The rupee posted modest gains versus the dollar on the money market on Saturday in the process of trading, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling at Rs 106.10 and Rs 106.30 respectively, they said. It also ga
Published 02 Apr, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 01, 2017).

Published 02 Apr, 2017 12:00am
CBOT wheat ends down

CBOT wheat ends down

Chicago Board of Trade May wheat futures closed lower Thursday on technical selling ahead of the US Department of Agriculture's Friday reports, analysts said. CBOT May wheat settled down 4-1/2 cents at $4.21 per bushel. K.C. May hard red winter wheat ende
Published 02 Apr, 2017 12:00am
Freight rates for large capesize dry cargo rise to multi-month highs

Freight rates for large capesize dry cargo rise to multi-month highs

Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-month highs on Tuesday, could climb further on increased chartered activity by miners and operators, brokers said. "Only Rio Tinto has been active this week - it picke
Published 02 Apr, 2017 12:00am
CBOT corn futures lower

CBOT corn futures lower

Chicago Board of Trade corn futures were narrowly lower on Thursday, easing following two straight sessions of gains as investors squared up positions ahead of a government crop report due on Friday, traders said. Corn posted smaller declines than soybean
Published 02 Apr, 2017 12:00am
CBOT soyabeans fall to five-month low

CBOT soyabeans fall to five-month low

Chicago Board of Trade soyabean futures declined to a fresh five-month low on Thursday, weighed down by a record-large Brazil soya harvest and positioning ahead of US government crop data due on Friday, traders said. Front-month CBOT May soyabean futures
Published 02 Apr, 2017 12:00am
EU wheat futures fall to new contract low

EU wheat futures fall to new contract low

Benchmark European wheat futures fell to a new contract low on Thursday, weakened by chart-based selling, lower Chicago prices and expectations that US data on Friday will add to a picture of ample grain supply. May milling wheat, the most active contract
Published 02 Apr, 2017 12:00am
Brazil's 2017 soyabean exports to reach new high

Brazil's 2017 soyabean exports to reach new high

The record soyabean crop being harvested in Brazil will generate a huge rise in Brazilian soyabean exports in 2017, Hamburg-based oilseeds analysts Oil World said on Tuesday. Oil World estimates Brazil will harvest 108.5 million tonnes of soyabeans in ear
Published 02 Apr, 2017 12:00am
Indonesian coffee prices fall while Vietnam remains quiet

Indonesian coffee prices fall while Vietnam remains quiet

A small harvest in Indonesia dragged prices of coffee beans down, while the market in Vietnam remained quiet amid low supply and thin stockpile, traders said on Thursday. Traders in Indonesia quoted robusta grade 4, 80 defects at a discount of $25 a tonne
Published 02 Apr, 2017 12:00am
European gasoline margins up on summer grade but trade thin

European gasoline margins up on summer grade but trade thin

Benchmark European gasoline refining margins rose on Thursday as the more expensive summer grade of the fuel began to swap hands this week but trade was thin. Gasoline stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp hub rose 10 per
Published 02 Apr, 2017 12:00am
Chinese corn prices sink on talk of low priced reserve sales

Chinese corn prices sink on talk of low priced reserve sales

Chinese corn futures on the Dalian Commodity Exchange fell for a second day on Thursday amid rumours that Beijing will release grain from its vast state reserve earlier than scheduled and at lower-than-expected prices. Talk that the government could start
Published 02 Apr, 2017 12:00am
Asian naphtha crack rises to one-month high

Asian naphtha crack rises to one-month high

Asia's naphtha crack rose to a one-month high of nearly $80 a tonne on Thursday as persistent demand drove the value higher, while gasoline crack extended gains to reach a five-week high of $10.40 a barrel. Asia's top naphtha importer Taiwanese Formosa Pe
Published 02 Apr, 2017 12:00am
Brazil's soya crop view raised to record 113.3 million tonnes

Brazil's soya crop view raised to record 113.3 million tonnes

Brazil's 2016-17 soyabean crop forecast was raised to a record 113.3 million tonnes on Thursday compared to 111 million tonnes seen earlier in March, after independent consultancy Agroconsult finished a crop tour through main producing areas. Agroconsult
Published 02 Apr, 2017 12:00am
Russia to cut wheat prices for restocking programme

Russia to cut wheat prices for restocking programme

Russia's Agriculture Ministry has proposed cutting wheat prices for its restocking programme in the 2017/18 marketing year which starts on July 1, signalling stronger competition in the domestic market. The ministry, which has 4.0 million tonnes of grains
Published 02 Apr, 2017 12:00am
Shanghai steel futures rise amid capacity cuts

Shanghai steel futures rise amid capacity cuts

Shanghai rebar steel futures rose for a third straight session on Thursday, supported by China's campaign to eliminate surplus capacity, although concerns over tepid seasonal demand capped their upside. The gains initially helped iron ore recover further
Published 02 Apr, 2017 12:00am
IGC sees lower grains output for 2017-18

IGC sees lower grains output for 2017-18

The International Grains Council on Thursday forecast a drawdown in global grains stocks in 2017/2018 for the first time in five seasons, amid falling production and rising consumption. In its first forecast for the 2017/2018 season, the IGC estimated glo
Published 02 Apr, 2017 12:00am
Rice prices rise in India, Thailand on stronger currencies

Rice prices rise in India, Thailand on stronger currencies

Rice prices firmed in Thailand and India on stronger local currencies, while prices weakened in Vietnam as the country entered its peak harvest season, traders said on Thursday. India's 5 percent broken parboiled rice prices rose by $2 per tonne to $373 t
Published 02 Apr, 2017 12:00am
Modest trade activity on cotton market
Cotton

Modest trade activity on cotton market

Slight improvement was seen on the cotton market on Saturday as the ginners were little interested in fresh selling in the process of trading, dealers said. The official spot rate was unchanged at Rs 6700, they said. In ready session, only 2000 bales of c
Published 02 Apr, 2017 12:00am
India brings back 10 percent tax on wheat imports

India brings back 10 percent tax on wheat imports

India on Tuesday imposed a 10 percent import tax on wheat with immediate effect, government sources said, reinstating the tariff after a gap of nearly four months that saw large overseas purchases. The government wants to curb imports when Indian farmers
Published 02 Apr, 2017 12:00am
EU farmers rush to plant sugar, free to seek exports as quotas end

EU farmers rush to plant sugar, free to seek exports as quotas end

EU farmers are ramping up production of sugar beet this year when they will be freed at last to grow as much as they want and sell it globally, after a decade of strict output quotas and export limits. Farmers have started drilling the first post-quota cr
Published 02 Apr, 2017 12:00am
Opec compliance with oil curbs rises in March as UAE joins cut: survey

Opec compliance with oil curbs rises in March as UAE joins cut: survey

OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya. The
Published 02 Apr, 2017 12:00am
Global sugar market to move into 2.85 million tonnes surplus

Global sugar market to move into 2.85 million tonnes surplus

Global sugar supply will move into a surplus of 2.85 million tonnes, raw value, in the 2017/18 season, Tropical Research Services (TRS) said on Thursday, citing a sharp rise in production. TRS forecasts a global deficit of 7.95 million tonnes for the curr
Published 02 Apr, 2017 12:00am
Gold investment seen rising for FOURth year in 2017

Gold investment seen rising for FOURth year in 2017

Gold bullion investment will rise for the fourth straight year in 2017 as global political and economic factors are forecast to maintain buying interest, CPM Group said on Tuesday. "There has been a return of opportunistic generalist investors who had exi
Published 02 Apr, 2017 12:00am
Ivory Coast slashes cocoa farmers' price for mid-crop

Ivory Coast slashes cocoa farmers' price for mid-crop

Ivory Coast slashed the price it guarantees for cocoa farmers by 36 percent to 700 CFA francs ($1.14) per kilogram on Thursday and reduced taxes for the April-to-September mid-crop amid a sharp drop in world prices. The world's top producer sells forward
Published 02 Apr, 2017 12:00am
US soya acres seen at all-time high despite big stocks: USDA

US soya acres seen at all-time high despite big stocks: USDA

US farmers plan to seed a record amount of soyabean acreage this spring, even with supplies trending near all-time highs, but wheat seedings will fall to the lowest on record, the government said on Friday. Growers will dial back their corn seedings this
Published 02 Apr, 2017 12:00am
Germany criticises Trump orders on trade deficits, import duty evasion

Germany criticises Trump orders on trade deficits, import duty evasion

US President Donald Trump's executive orders on trade deficits and import duty evasion are a sign that Washington plans to move away from free trade and international agreements, German Economy Minister Brigitte Zypries said on Saturday. Trump instructed
Published 02 Apr, 2017 12:00am
Mind the gap: high banker pay no guarantee of success

Mind the gap: high banker pay no guarantee of success

Some of Europe's most profitable lenders pay their chief executives the least, data from shareholder advisory group ISS shows, while loss-making banks reward their bosses more lavishly. Despite caps on bank bonuses introduced across much of Europe after t
Published 02 Apr, 2017 12:00am
Mali sees increase in rice output

Mali sees increase in rice output

Mali expects to increase its rice output to 3 million tonnes in the 2017/18 season, about 8 percent more than the previous crop, figures from the Agriculture Ministry showed on Saturday. Mali is Africa's second biggest rice grower after Nigeria, thanks to
Published 02 Apr, 2017 12:00am
Poorest Britons already feeling the crush of inflation

Poorest Britons already feeling the crush of inflation

Sharply rising inflation since last June's Brexit vote is already starting to hurt the poorest households in Britain. Supermarket chain Asda said on Friday its gauge of disposable income showed the weakest growth since June 2014 during February, with the
Published 02 Apr, 2017 12:00am
No reason to rethink UK rating's negative outlook: S&P

No reason to rethink UK rating's negative outlook: S&P

S&P Global saw no surprises in the launch of Britain's divorce from the EU, and nothing has happened in recent months to make the agency rethink its negative rating outlook on the country, its top sovereign analyst said on Thursday. S&P cut Britain triple
Published 02 Apr, 2017 12:00am
No reason to rethink UK rating's negative outlook: S&P

No reason to rethink UK rating's negative outlook: S&P

S&P Global saw no surprises in the launch of Britain's divorce from the EU, and nothing has happened in recent months to make the agency rethink its negative rating outlook on the country, its top sovereign analyst said on Thursday. S&P cut Britain triple
Published 02 Apr, 2017 12:00am
Ford recalls F-250 pickups

Ford recalls F-250 pickups

Ford Motor Co is recalling about 52,600 F-250 pickup trucks sold in the United States and Canada because the vehicles could roll after the driver moves the automatic transmission lever into park position, the company said on Saturday. The recall, the thir
Published 02 Apr, 2017 12:00am
Eurozone inflation stumbles from ECB target
Currency

Eurozone inflation stumbles from ECB target

Eurozone inflation fell sharply in March to below the European Central Bank's target, pouring fresh doubts on the ECB's success in battling to boost consumer prices in Europe. The EU's Eurostat statistics agency said the rise in consumer prices slowed in
Published 02 Apr, 2017 12:00am
Airbus hopes to build new European fighter jet

Airbus hopes to build new European fighter jet

Aerospace giant Airbus is planning a next-generation European fighter jet, the group's defence chief said Friday, hoping to profit from the Old Continent's renewed commitment to reach NATO defence spending targets. "We are currently putting together pre-d
Published 02 Apr, 2017 12:00am
Russia sees first growth in two years as economy stabilizes

Russia sees first growth in two years as economy stabilizes

Russia's economy expanded for the first time in two years in the fourth quarter of 2016, data from the state statistics service showed Friday, as it slowly recovers from a crippling crisis. The country recorded 0.3 percent growth in gross domestic product
Published 02 Apr, 2017 12:00am
German prosecutors expect rulings in VW scandal this year

German prosecutors expect rulings in VW scandal this year

German prosecutors expect the first rulings this year in legal cases resulting from the Volkswagen emissions scandal, Automobilwoche magazine reported on Saturday. "We hope to conclude lawsuits this year," Klaus Ziehe, spokesman for the Braunschweig state
Published 02 Apr, 2017 12:00am
China launches new economic zone in Hebei to promote integration

China launches new economic zone in Hebei to promote integration

China will establish a new special economic zone in the heavily polluted province of Hebei in order to promote integration with the neighbouring cities of Beijing and Tianjin, the government announced on Saturday. The Xiongan New Area will be of the same
Published 02 Apr, 2017 12:00am
Iceland tourists to face tax price hike

Iceland tourists to face tax price hike

Tourists keen to explore Iceland's natural beauty will have to pay more from next year, after Reykjavik announced a tax hike Friday on the sector, which has exploded in recent years. The island nation announced the end of an 11 percent reduced rate of val
Published 02 Apr, 2017 12:00am
Late rush to join Indonesia tax amnesty after $360 billion declared

Late rush to join Indonesia tax amnesty after $360 billion declared

Hundreds of Indonesians queued from before dawn on Friday at Indonesia's main tax office in the capital, seeking to join the final day of a government tax amnesty that has already seen nearly $360 billion of assets declared. The government provided makesh
Published 02 Apr, 2017 12:00am
After 2016 squeeze, some top China banks set for stronger growth

After 2016 squeeze, some top China banks set for stronger growth

Improving asset quality and rising loan demand could see some of China's biggest listed banks bolster their profit growth this year, bankers signalled this week, even as interest margins remain under pressure and more bad loans are written off. "The trend
Published 02 Apr, 2017 12:00am
Batteries included as Hyundai amps up electric car ambitions

Batteries included as Hyundai amps up electric car ambitions

South Korea's Hyundai Motor Co is developing its first dedicated architecture for electric vehicles, an executive told Reuters, seeking to catch up with the likes of Tesla in the growing segment with multiple, long-range models. While the platform will no
Published 02 Apr, 2017 12:00am
Japan output jump, low jobless rate yet to spark inflation

Japan output jump, low jobless rate yet to spark inflation

Japanese factory output rose at the fastest pace in eight months and the jobless rate hit a two-decade low in February, a sign a rebound in overseas demand continued to brighten prospects for the country's export-reliant economy. But household spending re
Published 02 Apr, 2017 12:00am
BlackBerry narrows loss amid focus on services

BlackBerry narrows loss amid focus on services

BlackBerry said Friday its loss in the past quarter narrowed as it distanced itself further from smartphone making to concentrate on software and services. The Canadian tech firm reported a loss in its fiscal fourth quarter ending in February of $47 milli
Published 02 Apr, 2017 12:00am
BlackBerry narrows loss amid focus on services

BlackBerry narrows loss amid focus on services

BlackBerry said Friday its loss in the past quarter narrowed as it distanced itself further from smartphone making to concentrate on software and services. The Canadian tech firm reported a loss in its fiscal fourth quarter ending in February of $47 milli
Published 02 Apr, 2017 12:00am
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