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Nov 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-21
Finland marks minute of silence for stabbing victims

Finland marks minute of silence for stabbing victims

Finland observed a minute of silence on Sunday for the victims of a stabbing attack that left two people dead in what is being investigated as the country's first-ever terror attack. Another eight people were wounded in the stabbing spree on Friday in the
Published 21 Aug, 2017 12:00am
Comedy legend Jerry Lewis dies at 91

Comedy legend Jerry Lewis dies at 91

Veteran American entertainer Jerry Lewis, whose goofy brand of physical comedy endeared him to millions in a career spanning six decades, died on Sunday aged 91, his agent told AFP. One of the most popular comic actors of the 1950s and '60s, Lewis perfect
Published 21 Aug, 2017 12:00am
Oil tankers association calls off strike

Oil tankers association calls off strike

All Pakistan Oil Tankers Owners Association (APOTOA) called off the August 21 strike after a delegation of its office bearers called on Sindh Governor Mohammad Zubair on Sunday night. The Sindh Governor assured the delegation that he would play his role i
Published 21 Aug, 2017 12:00am
Pakistan-Indonesia PTA moving in right direction

Pakistan-Indonesia PTA moving in right direction

Pakistan and Indonesia have agreed on concession for 20 different items during bilateral negotiation under Preferential Trade Agreement (PTA). Both sides discussed 20 tariff lines and Indonesia agreed to give concession on major exports from Pakistan incl
Published 21 Aug, 2017 12:00am
Pakistan-Indonesia PTA moving in right direction

Pakistan-Indonesia PTA moving in right direction

Pakistan and Indonesia have agreed on concession for 20 different items during bilateral negotiation under Preferential Trade Agreement (PTA). Both sides discussed 20 tariff lines and Indonesia agreed to give concession on major exports from Pakistan incl
Published 21 Aug, 2017 12:00am
Pakistan-Indonesia PTA moving in right direction

Pakistan-Indonesia PTA moving in right direction

Pakistan and Indonesia have agreed on concession for 20 different items during bilateral negotiation under Preferential Trade Agreement (PTA). Both sides discussed 20 tariff lines and Indonesia agreed to give concession on major exports from Pakistan incl
Published 21 Aug, 2017 12:00am
Nawaz to leave for London on August 24

Nawaz to leave for London on August 24

Former prime minister Nawaz Sharif will leave for London on 24th August for his medical checkup. This is Sharif's first visit to London after his removal from power by the Supreme Court after months of hearings on corruption charges against > from page 1
Published 21 Aug, 2017 12:00am
Nawaz to leave for London on August 24

Nawaz to leave for London on August 24

Former prime minister Nawaz Sharif will leave for London on 24th August for his medical checkup. This is Sharif's first visit to London after his removal from power by the Supreme Court after months of hearings on corruption charges against > from page 1
Published 21 Aug, 2017 12:00am
CCI meeting summoned on August 23

CCI meeting summoned on August 23

Prime Minister Shahid Khaqan Abbasi has summoned the Council of Common Interests (CCI) meeting on August 23, according to Aaj News. The report with regard to the Diamer-Bhasha dam is likely to be brought up for approval during the meeting to be att
Published 21 Aug, 2017 12:00am
CCI meeting summoned on August 23

CCI meeting summoned on August 23

Prime Minister Shahid Khaqan Abbasi has summoned the Council of Common Interests (CCI) meeting on August 23, according to Aaj News. The report with regard to the Diamer-Bhasha dam is likely to be brought up for approval during the meeting to be att
Published 21 Aug, 2017 12:00am
CCI meeting summoned on August 23

CCI meeting summoned on August 23

Prime Minister Shahid Khaqan Abbasi has summoned the Council of Common Interests (CCI) meeting on August 23, according to Aaj News. The report with regard to the Diamer-Bhasha dam is likely to be brought up for approval during the meeting to be att
Published 21 Aug, 2017 12:00am
''''Over-representation'''' of Punjab on CCI comes under question

''''Over-representation'''' of Punjab on CCI comes under question

Prime Minister Shahid Khaqan Abbassi simply did not think the matter through when he raised Punjab''''s representation in the Council of Common Interests (CCI) to 4 with Sindh represented by 2 and Khyber Pukhtookhwa (KPK) and Balochistan one each, former
Published 21 Aug, 2017 12:00am
''Over-representation'' of Punjab on CCI comes under question

''Over-representation'' of Punjab on CCI comes under question

Prime Minister Shahid Khaqan Abbassi simply did not think the matter through when he raised Punjab''s representation in the Council of Common Interests (CCI) to 4 with Sindh represented by 2 and Khyber Pukhtookhwa (KPK) and Balochistan one each, former Fi
Published 21 Aug, 2017 12:00am
'Over-representation' of Punjab on CCI comes under question

'Over-representation' of Punjab on CCI comes under question

Prime Minister Shahid Khaqan Abbassi simply did not think the matter through when he raised Punjab's representation in the Council of Common Interests (CCI) to 4 with Sindh represented by 2 and Khyber Pukhtookhwa (KPK) and Balochistan one each, former Fin
Published 21 Aug, 2017 12:00am
'Over-representation' of Punjab on CCI comes under question

'Over-representation' of Punjab on CCI comes under question

Prime Minister Shahid Khaqan Abbassi simply did not think the matter through when he raised Punjab's representation in the Council of Common Interests (CCI) to 4 with Sindh represented by 2 and Khyber Pukhtookhwa (KPK) and Balochistan one each, former Fin
Published 21 Aug, 2017 12:00am
Futures spread increased by 108 basis points

Futures spread increased by 108 basis points

The futures spread increased by 108bps to 8.19 percent on the last day of outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 7.5 percent to 45.77 million shares. The average daily trading value dec
Published 21 Aug, 2017 12:00am
Futures spread increased by 108 basis points

Futures spread increased by 108 basis points

The futures spread increased by 108bps to 8.19 percent on the last day of outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 7.5 percent to 45.77 million shares. The average daily trading value dec
Published 21 Aug, 2017 12:00am
PSX remains under pressure
Mutual Funds

PSX remains under pressure

Pakistan Stock Market remained under pressure during the outgoing week ended August 18, 2017 as the investors opted to offload their holding on their concerns over prevailing political situation in the country. BRIndex100 declined by 236.79 points on week
Published 21 Aug, 2017 12:00am
PSX remains under pressure
Mutual Funds

PSX remains under pressure

Pakistan Stock Market remained under pressure during the outgoing week ended August 18, 2017 as the investors opted to offload their holding on their concerns over prevailing political situation in the country. BRIndex100 declined by 236.79 points on week
Published 21 Aug, 2017 12:00am
PSX remains under pressure
Mutual Funds

PSX remains under pressure

Pakistan Stock Market remained under pressure during the outgoing week ended August 18, 2017 as the investors opted to offload their holding on their concerns over prevailing political situation in the country. BRIndex100 declined by 236.79 points on week
Published 21 Aug, 2017 12:00am
Goldman Sachs gets approval for Saudi equities trading licence
Exchange

Goldman Sachs gets approval for Saudi equities trading licence

Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom. Western financial institutions have been looking to tap new opportunities in Saud
Published 21 Aug, 2017 12:00am
Goldman Sachs gets approval for Saudi equities trading licence
Exchange

Goldman Sachs gets approval for Saudi equities trading licence

Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom. Western financial institutions have been looking to tap new opportunities in Saud
Published 21 Aug, 2017 12:00am
Goldman Sachs gets approval for Saudi equities trading licence
Exchange

Goldman Sachs gets approval for Saudi equities trading licence

Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom. Western financial institutions have been looking to tap new opportunities in Saud
Published 21 Aug, 2017 12:00am
Deadly rocket fire hits near Damascus trade fair

Deadly rocket fire hits near Damascus trade fair

Six people were reported dead on Sunday when a rocket hit near an international trade fair in Syria's capital Damascus being held for the first time in five years. The Damascus International Fair was once the leading event on Syria's economic calendar but
Published 21 Aug, 2017 12:00am
Deadly rocket fire hits near Damascus trade fair

Deadly rocket fire hits near Damascus trade fair

Six people were reported dead on Sunday when a rocket hit near an international trade fair in Syria's capital Damascus being held for the first time in five years. The Damascus International Fair was once the leading event on Syria's economic calendar but
Published 21 Aug, 2017 12:00am
Saudi Arabia says Qatar blocks planes from transporting pilgrims

Saudi Arabia says Qatar blocks planes from transporting pilgrims

Qatar has blocked Saudi planes from transporting Hajj pilgrims, Saudi state media said Sunday, after Riyadh reopened the border despite a major diplomatic crisis roiling the Gulf. Riyadh last week reopened its land border with Qatar and allocated seven fl
Published 21 Aug, 2017 12:00am
Saudi Arabia says Qatar blocks planes from transporting pilgrims

Saudi Arabia says Qatar blocks planes from transporting pilgrims

Qatar has blocked Saudi planes from transporting Hajj pilgrims, Saudi state media said Sunday, after Riyadh reopened the border despite a major diplomatic crisis roiling the Gulf. Riyadh last week reopened its land border with Qatar and allocated seven fl
Published 21 Aug, 2017 12:00am
Erdogan urges 'slap' for German ruling parties in polls

Erdogan urges 'slap' for German ruling parties in polls

Turkish President Recep Tayyip Erdogan on Sunday called on Turkish-origin Germans to give a "slap" to both parties in Chancellor Angela Merkel's ruling coalition in September polls, pressing on with what Berlin has condemned as unprecedented meddling. Erd
Published 21 Aug, 2017 12:00am
Erdogan urges 'slap' for German ruling parties in polls

Erdogan urges 'slap' for German ruling parties in polls

Turkish President Recep Tayyip Erdogan on Sunday called on Turkish-origin Germans to give a "slap" to both parties in Chancellor Angela Merkel's ruling coalition in September polls, pressing on with what Berlin has condemned as unprecedented meddling. Erd
Published 21 Aug, 2017 12:00am
Energy policy seeks to focus on balanced mix

Energy policy seeks to focus on balanced mix

Reducing the use of thermal power sources aimed at achieving a balanced mix for the country''s energy requirements is the objective of the currently under-preparation energy policy by the newly-created Ministry of Energy headed by Prime Minister Shahid Kh
Published 21 Aug, 2017 12:00am
Energy policy seeks to focus on balanced mix

Energy policy seeks to focus on balanced mix

Reducing the use of thermal power sources aimed at achieving a balanced mix for the country's energy requirements is the objective of the currently under-preparation energy policy by the newly-created Ministry of Energy headed by Prime Minister Shahid Kha
Published 21 Aug, 2017 12:00am
Energy policy seeks to focus on balanced mix

Energy policy seeks to focus on balanced mix

Reducing the use of thermal power sources aimed at achieving a balanced mix for the country's energy requirements is the objective of the currently under-preparation energy policy by the newly-created Ministry of Energy headed by Prime Minister Shahid Kha
Published 21 Aug, 2017 12:00am
Trump to address nation on new Afghan strategy

Trump to address nation on new Afghan strategy

President Donald Trump will announce his decision on America's strategy in Afghanistan in an address to US troops and the nation Monday night, almost 16 years after the war began. The US leader will "provide an update on the path forward for America's eng
Published 21 Aug, 2017 12:00am
Trump to address nation on new Afghan strategy

Trump to address nation on new Afghan strategy

President Donald Trump will announce his decision on America's strategy in Afghanistan in an address to US troops and the nation Monday night, almost 16 years after the war began. The US leader will "provide an update on the path forward for America's eng
Published 21 Aug, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness persisted on the money market as the rupee held its present levels versus the dollar during the week, ended on 19 August, 2017. The rupee picked up 20 paisas in relation to the dollar for buying and selling at Rs 106.50 and Rs 106.70. The nationa
Published 21 Aug, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness persisted on the money market as the rupee held its present levels versus the dollar during the week, ended on 19 August, 2017. The rupee picked up 20 paisas in relation to the dollar for buying and selling at Rs 106.50 and Rs 106.70. The nationa
Published 21 Aug, 2017 12:00am
The Weather

The Weather

The weather report on Sunday (August 20, 2017) and the forecast for Monday (August 21, 2017).

Published 21 Aug, 2017 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 15 to 18, 2017).

Published 21 Aug, 2017 12:00am
Alonso brace boosts Chelsea, Huddersfield win again

Alonso brace boosts Chelsea, Huddersfield win again

Premier League champions Chelsea got the boost they badly needed on Sunday as a double from Marcos Alonso gave them a 2-1 victory over last season's runners-up Tottenham Hotspur in Antonio Conte's 50th game in charge. The 26-year-old Spaniard struck the w
Published 21 Aug, 2017 12:00am
Brathwaite reported for suspect action

Brathwaite reported for suspect action

West Indies' Kraigg Brathwaite has been reported for a suspect bowling action during an innings and 209-run defeat by England in the first Test at Edgbaston. Primarily an opening batsman, occasional off-spinner Brathwaite bowled just six wicketless overs
Published 21 Aug, 2017 12:00am
Broad tops Botham as England rout West Indies

Broad tops Botham as England rout West Indies

Stuart Broad starred as England thrashed the West Indies by an innings and 209 runs to ensure the inaugural day/night Test in Britain ended inside three days at Edgbaston on Saturday. West Indies, following-on, lost 19 wickets for 261 runs in the day's pl
Published 21 Aug, 2017 12:00am
Former weightlifting European champion dies

Former weightlifting European champion dies

Bulgaria's former European weightlifting champion Velichko Cholakov, who served a four-year ban for doping, died on Sunday at the age of 35. A hospital official in the southern town of Smolyan confirmed Cholakov's death and said the cause would only be kn
Published 21 Aug, 2017 12:00am
Qatar to build World Cup stadium shaped like Arabian cap

Qatar to build World Cup stadium shaped like Arabian cap

Qatar will build a stadium shaped like an Arabian skull cap for the 2022 World Cup, organisers said on Sunday, as the Gulf state moves ahead with preparations for the tournament despite a diplomatic rift with its neighbours. Saudi Arabia, Egypt, Bahrain a
Published 21 Aug, 2017 12:00am
Qatar says 'no delays' on WC 2022 despite crisis

Qatar says 'no delays' on WC 2022 despite crisis

Qatar's 2022 World Cup preparations have been inconvenienced but not delayed by the political and economic boycott by its neighbours, the country's most senior tournament organiser insisted Sunday. Hassan Al-Thawadi, Secretary General the Supreme Committe
Published 21 Aug, 2017 12:00am
Malaysia apologises for Indonesia flag blunder

Malaysia apologises for Indonesia flag blunder

Malaysia apologised on Sunday for the upside-down printing of Indonesia's flag in the souvenir guidebook for the Southeast Asia Games, which officials said is being withdrawn and reprinted. The mistake, spotted at the games' opening in the Malaysian capit
Published 21 Aug, 2017 12:00am
Southeast Asian Games: gold-winning sultan gets Malaysians in the swing

Southeast Asian Games: gold-winning sultan gets Malaysians in the swing

A horse-riding sultan led Malaysia's charge at the Southeast Asian Games on Sunday as he bagged two equestrian gold medals on a bumper day for the hosts. Sultan Mizan Zainal Abidin, the first sultan to compete in the Games, celebrated both individual and
Published 21 Aug, 2017 12:00am
Farah motors home in victorious adieu to home crowd

Farah motors home in victorious adieu to home crowd

British athletics legend Mo Farah began the day taking a lap of honour in an open top Bentley and ended it by giving the crowd what they wanted in his final race on home turf - a victory. The 34-year-old, who had agonisingly fallen just short of a third s
Published 21 Aug, 2017 12:00am
Unbeaten Crawford KOs Indongo to unify titles

Unbeaten Crawford KOs Indongo to unify titles

American Terence Crawford became the first undisputed boxing champion in over a decade by knocking out previously unbeaten Julius Indongo in the third round of their super lightweight fight on Saturday. Crawford became the first fighter in 11 years to hol
Published 21 Aug, 2017 12:00am
India power to nine-wicket ODI win over Sri Lanka

India power to nine-wicket ODI win over Sri Lanka

Opener Shikhar Dhawan's blazing century and a disciplined effort by the spinners powered India to a nine-wicket win over Sri Lanka in the first one-day international on Sunday. Chasing a modest 217 for victory, India rode on an unbeaten 197-run stand betw
Published 21 Aug, 2017 12:00am
Dutch government reaches post-WWII longevity record

Dutch government reaches post-WWII longevity record

Dutch Prime Minister Mark Rutte's cabinet has become the longest serving in the Netherlands since World War II, a milestone reached in large part because of dragged-out talks to form a viable coalition government. The so-called Rutte II government has bee
Published 21 Aug, 2017 12:00am
Wreckage of lost ship USS Indianapolis found after seven decades

Wreckage of lost ship USS Indianapolis found after seven decades

Researchers announced Saturday they discovered wreckage of the lost warship the USS Indianapolis, 72 years after the World War II cruiser was torpedoed by a Japanese submarine. The wreckage was found in the Philippine Sea 5.5 kilometers (3.4 miles) below
Published 21 Aug, 2017 12:00am
Mine kills three Lebanese soldiers near Syria border

Mine kills three Lebanese soldiers near Syria border

Three Lebanese soldiers were killed Sunday when a mine exploded under their vehicle in the east of the country along the border with Syria, the army said in a statement. The soldiers were en route to participate in an operation that began Saturday to oust
Published 21 Aug, 2017 12:00am
Australian PM urges developers to design protection from vehicle attacks

Australian PM urges developers to design protection from vehicle attacks

Australian Prime Minister Malcolm Turnbull called on Sunday for developers to incorporate safety features into their projects to prevent militant attacks with vehicles and other weapons as he announced new plans to protect the public. Turnbull unveiled Au
Published 21 Aug, 2017 12:00am
Vedanta explores ways to produce cobalt for batteries

Vedanta explores ways to produce cobalt for batteries

Vedanta Resources is studying how to produce cobalt for use in batteries as the diversified miner becomes the latest company to seek exposure to an anticipated electric vehicle boom. Tom Albanese, who steps down as CEO of Vedanta at the end of August, sai
Published 21 Aug, 2017 12:00am
SABIC acquires Shell's stake in its Saudi plant

SABIC acquires Shell's stake in its Saudi plant

Saudi Basic Industries Corp (SABIC) has completed the purchase of the 50 percent that it did not already own in its petrochemical venture with Shell Arabia, a unit of Royal Dutch Shell, for $820 million, SABIC said on Wednesday. The financial impact of th
Published 21 Aug, 2017 12:00am
Rising Dubai property sales boost Emaar's H1 profits

Rising Dubai property sales boost Emaar's H1 profits

Dubai developer Emaar Properties on Monday announced 15 percent profit growth to $772 million in the first half of 2017, with property sales in the emirate up 22 percent. Property sales in Dubai reached 10.814 billion dirhams ($2.94 billion, 2.5 billion e
Published 21 Aug, 2017 12:00am
Rising Dubai property sales boost Emaar's H1 profits

Rising Dubai property sales boost Emaar's H1 profits

Dubai developer Emaar Properties on Monday announced 15 percent profit growth to $772 million in the first half of 2017, with property sales in the emirate up 22 percent. Property sales in Dubai reached 10.814 billion dirhams ($2.94 billion, 2.5 billion e
Published 21 Aug, 2017 12:00am
Lufthansa looking to buy majority of Air Berlin planes

Lufthansa looking to buy majority of Air Berlin planes

Germany's Lufthansa is considering buying a majority of insolvent Air Berlin's aircraft, two people familiar with the matter said, as the government and rivals race to carve it up. Air Berlin, Germany's second-largest airline, filed for bankruptcy protect
Published 21 Aug, 2017 12:00am
UnitedHealth CEO to step down, Wichmann succeeds
Exchange

UnitedHealth CEO to step down, Wichmann succeeds

UnitedHealth Group Inc's Stephen Hemsley is stepping down after more than a decade as chief executive and will be succeeded by company veteran David Wichmann, the largest US health insurer said on Wednesday. Under 65-year-old Hemsley, UnitedHealth became
Published 21 Aug, 2017 12:00am
Barclays plans to close 54 branches by year-end to cut costs

Barclays plans to close 54 branches by year-end to cut costs

Barclays plans to close around 54 branches by the end of the year in an effort to cut costs, further reducing access to banking services for customers in parts of Britain. The bank, along with other British lenders, is cutting back its network as customer
Published 21 Aug, 2017 12:00am
ANZ Bank rides housing boom to Q3 profit rise

ANZ Bank rides housing boom to Q3 profit rise

Australia's No 4 lender Australia and New Zealand Banking Group Ltd said a booming housing market helped lift third-quarter profit 5.3 percent above the previous two quarters, although it warned a new mortgage levy would squeeze margins.
Published 21 Aug, 2017 12:00am
ANZ Bank rides housing boom to Q3 profit rise

ANZ Bank rides housing boom to Q3 profit rise

Australia's No 4 lender Australia and New Zealand Banking Group Ltd said a booming housing market helped lift third-quarter profit 5.3 percent above the previous two quarters, although it warned a new mortgage levy would squeeze margins.
Published 21 Aug, 2017 12:00am
Deutsche Post open to more electric van projects with Ford

Deutsche Post open to more electric van projects with Ford

Deutsche Post said it would consider broadening an electric van alliance with US carmaker Ford after teaming up to put zero-emissions delivery vans on the road. Germany, the main market for the vehicles, is clamping down on toxic diesel fumes, and unveile
Published 21 Aug, 2017 12:00am
Petronas to focus on key markets for growth: CEO

Petronas to focus on key markets for growth: CEO

Malaysian state energy firm Petronas will focus on a few select markets for expansion, its CEO told Reuters, as it positions itself as leaner and meaner for a medium-term period of relatively low oil prices. Hurt by a slump in oil prices, Petroliam Nasion
Published 21 Aug, 2017 12:00am
Samsung, Foxconn to back cable-free phone tech

Samsung, Foxconn to back cable-free phone tech

A startup backed by Tony Fadell, one of the fathers of the Apple iPod, plans to announce Wednesday it is working with Samsung Electronics Co Ltd, Foxconn parent Hon Hai Precision Industry Co Ltd and others on a new way for mobile phones to transfer large
Published 21 Aug, 2017 12:00am
Samsung, Foxconn to back cable-free phone tech

Samsung, Foxconn to back cable-free phone tech

A startup backed by Tony Fadell, one of the fathers of the Apple iPod, plans to announce Wednesday it is working with Samsung Electronics Co Ltd, Foxconn parent Hon Hai Precision Industry Co Ltd and others on a new way for mobile phones to transfer large
Published 21 Aug, 2017 12:00am
Taking aim at China, India tightens power grid, telecoms rules

Taking aim at China, India tightens power grid, telecoms rules

India is tightening the rules for businesses entering its power transmission sector and making stringent checks on both power and telecoms equipment for malware - moves that government and industry officials say aim to check China's advance into sensitive
Published 21 Aug, 2017 12:00am
Taking aim at China, India tightens power grid, telecoms rules

Taking aim at China, India tightens power grid, telecoms rules

India is tightening the rules for businesses entering its power transmission sector and making stringent checks on both power and telecoms equipment for malware - moves that government and industry officials say aim to check China's advance into sensitive
Published 21 Aug, 2017 12:00am
Tencent to boost AI after profit jumps on mobile games, WeChat

Tencent to boost AI after profit jumps on mobile games, WeChat

Tencent Holdings Ltd, China's biggest gaming and social media firm by revenue, trumped forecasts to post its best-ever quarterly results, driven by higher income from smartphone games, payments and online advertising. Looking ahead, Tencent said it plans
Published 21 Aug, 2017 12:00am
China opens its first 'cyber court'

China opens its first 'cyber court'

China's first 'cyber court' was launched on Friday to settle online disputes, as the legal system attempts to keep up with the explosion of mobile payment and e-commerce. Residents of the eastern city of Hangzhou - home to e-commerce giant Alibaba - can n
Published 21 Aug, 2017 12:00am
New Facebook data centre a boost to Ohio's technology sector

New Facebook data centre a boost to Ohio's technology sector

Facebook will spend $750 million on a new data centre in central Ohio, the company announced Tuesday marking another boost for the state's growing technology sector. The world's biggest social media company joined Republican Gov. John Kasich and a host of
Published 21 Aug, 2017 12:00am
Facebook samples China's potential with sneaky app
Kerb

Facebook samples China's potential with sneaky app

Facebook's sneaky launch of a photo-sharing app in China, where its social network is banned, gives it a small taste of the massive market's potential, but it may have to settle for just that for now. The US tech giant acknowledged last week that it was b
Published 21 Aug, 2017 12:00am
Foreign money flows into Asian bonds slow in July

Foreign money flows into Asian bonds slow in July

Foreign inflows into Asian bonds rose for a seventh consecutive month in July, albeit at a slower pace, with analysts saying investments in the region's debt have become less rewarding after Asian currencies reached a peak against the dollar. Data from ce
Published 21 Aug, 2017 12:00am
Foreign money flows into Asian bonds slow in July

Foreign money flows into Asian bonds slow in July

Foreign inflows into Asian bonds rose for a seventh consecutive month in July, albeit at a slower pace, with analysts saying investments in the region's debt have become less rewarding after Asian currencies reached a peak against the dollar. Data from ce
Published 21 Aug, 2017 12:00am
Canada considers reopening its 50-year bond

Canada considers reopening its 50-year bond

Canada, which issued its first ultra-long bond in April 2014, is considering more in the future, the government said on Thursday. Any issuance would be done by reopening that 50-year bond via a modified auction, subject to market conditions, the governmen
Published 21 Aug, 2017 12:00am
Canada considers reopening its 50-year bond

Canada considers reopening its 50-year bond

Canada, which issued its first ultra-long bond in April 2014, is considering more in the future, the government said on Thursday. Any issuance would be done by reopening that 50-year bond via a modified auction, subject to market conditions, the governmen
Published 21 Aug, 2017 12:00am
China's money rates rise as corporate tax payments keep liquidity tight

China's money rates rise as corporate tax payments keep liquidity tight

China's primary money rates rose for the week as a central bank-led net cash injection was offset by seasonal factors keeping liquidity conditions tight. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, cons
Published 21 Aug, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 80.70-80.70 (previous 80.70-80.70).
Published 21 Aug, 2017 12:00am
Average yields fall on Egypt's treasury bills

Average yields fall on Egypt's treasury bills

The average yields on Egypt's three- and nine-month treasury bills fell at an auction on Sunday, central bank data showed. The average yield on the 91-day bill fell to 19.059 percent from 19.080 at the last similar auction on August 13. The yield on the 2
Published 21 Aug, 2017 12:00am
Average yields fall on Egypt's treasury bills

Average yields fall on Egypt's treasury bills

The average yields on Egypt's three- and nine-month treasury bills fell at an auction on Sunday, central bank data showed. The average yield on the 91-day bill fell to 19.059 percent from 19.080 at the last similar auction on August 13. The yield on the 2
Published 21 Aug, 2017 12:00am
Australia to regulate virtual currency exchanges like Bitcoin
Exchange

Australia to regulate virtual currency exchanges like Bitcoin

Australia is set to regulate virtual currency exchanges such as Bitcoin and strengthen the powers of its financial intelligence agency AUSTRAC as it cracks down on money laundering and terrorism financing. The changes came two weeks after AUSTRAC took the
Published 21 Aug, 2017 12:00am
Rosneft, partners to announce acquisition of India's Essar Oil completed

Rosneft, partners to announce acquisition of India's Essar Oil completed

A consortium led by Russian oil major Rosneft will announce on Monday completion of a $12.9 billion deal to acquire Indian private refiner Essar Oil, strengthening ties between the world's largest oil producer and the fastest growing fuel consumer. Rosnef
Published 21 Aug, 2017 12:00am
Russian court rejects Siemens' plea to seize its turbines in Crimea

Russian court rejects Siemens' plea to seize its turbines in Crimea

A Moscow court has rejected a request by Siemens to seize its gas turbines, which have turned up in Crimea contrary to EU sanctions, and to ban their installation ahead of preliminary hearings next month, the court's ruling showed on Sunday. The ruling by
Published 21 Aug, 2017 12:00am
Young Taiwanese choose China jobs over politics
Exchange

Young Taiwanese choose China jobs over politics

Taiwan has long seen its international allies switching allegiance to an ascendant Beijing, but now there are also fears of a brain drain of the island's youth as they pursue careers in rival China. Cross-strait tensions have soared since China-sceptic Ts
Published 21 Aug, 2017 12:00am
Qatar completes first co-loaded LNG deliveries

Qatar completes first co-loaded LNG deliveries

Qatar's state-owned liquefied natural gas (LNG) companies completed their first co-loaded LNG deliveries to two different destinations, Qatargas said on Sunday. State-owned Qatargas said it had co-loaded the cargoes with majority state-owned Rasgas at the
Published 21 Aug, 2017 12:00am
Dubai Aerospace completes AWAS acquisition, jets into top tier

Dubai Aerospace completes AWAS acquisition, jets into top tier

Dubai Aerospace Enterprise (DAE) has become one of the world's largest aircraft lessors after announcing on Sunday it had completed the acquisition of Dublin-based AWAS, the industry's tenth biggest firm. The deal triples the Dubai government-controlled a
Published 21 Aug, 2017 12:00am
Ukraine arrests Frenchman wanted in 'fake CEO' scam

Ukraine arrests Frenchman wanted in 'fake CEO' scam

A huckster sentenced for tricking dozens of French banks and businesses into handing over millions of euros has been arrested in Ukraine after a hunt lasting more than two years. French judicial sources and a lawyer for Gilbert Chikli, a 51-year-old Frenc
Published 21 Aug, 2017 12:00am
Freeport Indonesia copper mine access to resume after clashes

Freeport Indonesia copper mine access to resume after clashes

Limited access to the giant Grasberg copper mine in eastern Indonesia is expected to resume on Monday, its operator said, after hundreds of former workers blockaded the site and clashed with police. Trouble erupted at the mine, which is operated by the In
Published 21 Aug, 2017 12:00am
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