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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-28
PSX remains under pressure
Mutual Funds

PSX remains under pressure

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week ended August 25, 2017 due to prevailing political uncertainty in the country. BRIndex100 lost 24.7 points on week-on-week basis and closed at 4,667.99 points. During the week,
Published 28 Aug, 2017 12:00am
PSX remains under pressure
Mutual Funds

PSX remains under pressure

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week ended August 25, 2017 due to prevailing political uncertainty in the country. BRIndex100 lost 24.7 points on week-on-week basis and closed at 4,667.99 points. During the week,
Published 28 Aug, 2017 12:00am
Transition led to bearish stock market
Exchange

Transition led to bearish stock market

Pakistan''''s transition from Frontier to Emerging Markets MSCI led to sale of $530 million Frontier stocks and purchase of around $350 million emerging market stocks leading to a bearish stock market. This was the outcome of background interviews with so
Published 28 Aug, 2017 12:00am
Transition led to bearish stock market
Exchange

Transition led to bearish stock market

Pakistan''s transition from Frontier to Emerging Markets MSCI led to sale of $530 million Frontier stocks and purchase of around $350 million emerging market stocks leading to a bearish stock market. This was the outcome of background interviews with sour
Published 28 Aug, 2017 12:00am
Transition led to bearish stock market
Exchange

Transition led to bearish stock market

Pakistan's transition from Frontier to Emerging Markets MSCI led to sale of $530 million Frontier stocks and purchase of around $350 million emerging market stocks leading to a bearish stock market. This was the outcome of background interviews with sourc
Published 28 Aug, 2017 12:00am
Transition led to bearish stock market
Exchange

Transition led to bearish stock market

Pakistan's transition from Frontier to Emerging Markets MSCI led to sale of $530 million Frontier stocks and purchase of around $350 million emerging market stocks leading to a bearish stock market. This was the outcome of background interviews with sourc
Published 28 Aug, 2017 12:00am
Thousands flee Myanmar violence

Thousands flee Myanmar violence

Myanmar's government said it had evacuated at least 4,000 non-Muslim villagers amid ongoing clashes in north-western Rakhine state, as thousands more Rohingya Muslims sought to flee across the border to Bangladesh on Sunday. The death toll from the violen
Published 28 Aug, 2017 12:00am
Thousands flee Myanmar violence

Thousands flee Myanmar violence

Myanmar's government said it had evacuated at least 4,000 non-Muslim villagers amid ongoing clashes in north-western Rakhine state, as thousands more Rohingya Muslims sought to flee across the border to Bangladesh on Sunday. The death toll from the violen
Published 28 Aug, 2017 12:00am
Labour wants to keep UK in single market

Labour wants to keep UK in single market

In a major policy shift, Britain''s main opposition Labour party now backs staying in the European single market for a transitional period as the country leaves the EU. "Labour would seek a transitional deal that maintains the same basic terms that we cur
Published 28 Aug, 2017 12:00am
Labour wants to keep UK in single market

Labour wants to keep UK in single market

In a major policy shift, Britain's main opposition Labour party now backs staying in the European single market for a transitional period as the country leaves the EU. "Labour would seek a transitional deal that maintains the same basic terms that we curr
Published 28 Aug, 2017 12:00am
Labour wants to keep UK in single market

Labour wants to keep UK in single market

In a major policy shift, Britain's main opposition Labour party now backs staying in the European single market for a transitional period as the country leaves the EU. "Labour would seek a transitional deal that maintains the same basic terms that we curr
Published 28 Aug, 2017 12:00am
Qatar Navigation launches Pakistan service

Qatar Navigation launches Pakistan service

Major Qatari shipping conglomerate Qatar Navigation (Milaha) is launching a direct service between Qatar and Karachi in Pakistan, the company said on Sunday, as it seeks to counter economic sanctions against Doha by other Arab States. Saudi Arabia, the Un
Published 28 Aug, 2017 12:00am
Qatar Navigation launches Pakistan service

Qatar Navigation launches Pakistan service

Major Qatari shipping conglomerate Qatar Navigation (Milaha) is launching a direct service between Qatar and Karachi in Pakistan, the company said on Sunday, as it seeks to counter economic sanctions against Doha by other Arab States. Saudi Arabia, the Un
Published 28 Aug, 2017 12:00am
Qatar Navigation launches Pakistan service

Qatar Navigation launches Pakistan service

Major Qatari shipping conglomerate Qatar Navigation (Milaha) is launching a direct service between Qatar and Karachi in Pakistan, the company said on Sunday, as it seeks to counter economic sanctions against Doha by other Arab States. Saudi Arabia, the Un
Published 28 Aug, 2017 12:00am
Quetta, Peshawar: US 'aware' of Taliban's presence: General Nicholson

Quetta, Peshawar: US 'aware' of Taliban's presence: General Nicholson

Commander of US and Nato forces in Afghanistan General John Nicholson has alleged that the United States is aware of the Afghan Taliban leadership's presence in Quetta and Peshawar cities of Pakistan. "The Quetta Shura, Peshawar Shura, these shuras are id
Published 28 Aug, 2017 12:00am
Quetta, Peshawar: US 'aware' of Taliban's presence: General Nicholson

Quetta, Peshawar: US 'aware' of Taliban's presence: General Nicholson

Commander of US and Nato forces in Afghanistan General John Nicholson has alleged that the United States is aware of the Afghan Taliban leadership's presence in Quetta and Peshawar cities of Pakistan. "The Quetta Shura, Peshawar Shura, these shuras are id
Published 28 Aug, 2017 12:00am
US Acting Assistant Secretary's visit postponed

US Acting Assistant Secretary's visit postponed

The official visit of the US Acting Secretary of State Alice G Wells to Pakistan has been postponed due to busy schedule of the Pakistani officials. "At the request of the government of Pakistan Acting Assistant Secretary Wells trip has been postponed unt
Published 28 Aug, 2017 12:00am
US Acting Assistant Secretary's visit postponed

US Acting Assistant Secretary's visit postponed

The official visit of the US Acting Secretary of State Alice G Wells to Pakistan has been postponed due to busy schedule of the Pakistani officials. "At the request of the government of Pakistan Acting Assistant Secretary Wells trip has been postponed unt
Published 28 Aug, 2017 12:00am
War against terrorism: World must not lose sight of sacrifices: Asif

War against terrorism: World must not lose sight of sacrifices: Asif

Minister for Foreign Affairs Khawaja Muhammad Asif on Sunday said that Pakistan was making hectic efforts towards eliminating the menace of terrorism in the country. Talking to Business Recorder here, he said that Pakistan had rendered great sacrif
Published 28 Aug, 2017 12:00am
War against terrorism: World must not lose sight of sacrifices: Asif

War against terrorism: World must not lose sight of sacrifices: Asif

Minister for Foreign Affairs Khawaja Muhammad Asif on Sunday said that Pakistan was making hectic efforts towards eliminating the menace of terrorism in the country. Talking to Business Recorder here, he said that Pakistan had rendered great sacrif
Published 28 Aug, 2017 12:00am
THE RUPEE: weak trend

THE RUPEE: weak trend

The rupee somehow, managed to minimise losses against the dollar on the money market, during the week, ended on August 26, 2017. The rupee lost 30 paisas in terms of the dollar for buying and selling at Rs 106.60 and Rs 106.80. The rupee also slid versus
Published 28 Aug, 2017 12:00am
THE RUPEE: weak trend

THE RUPEE: weak trend

The rupee somehow, managed to minimise losses against the dollar on the money market, during the week, ended on August 26, 2017. The rupee lost 30 paisas in terms of the dollar for buying and selling at Rs 106.60 and Rs 106.80. The rupee also slid versus
Published 28 Aug, 2017 12:00am
Pak-Afghan military leadership agree on forming working group

Pak-Afghan military leadership agree on forming working group

Chief of the Army Staff (CoAS) General Qamar Javed Bajwa Sunday reassured Afghanistan that Pakistan was open to any suggestion that would facilitate peace there. In this spirit, he offered to form a Pak-Afghanistan Army working group to jointly work and f
Published 28 Aug, 2017 12:00am
Pak-Afghan military leadership agree on forming working group

Pak-Afghan military leadership agree on forming working group

Chief of the Army Staff (CoAS) General Qamar Javed Bajwa Sunday reassured Afghanistan that Pakistan was open to any suggestion that would facilitate peace there. In this spirit, he offered to form a Pak-Afghanistan Army working group to jointly work and f
Published 28 Aug, 2017 12:00am
The Weather

The Weather

The weather report on Sunday (August 27, 2017) and the forecast for Monday (August 28, 2017).

Published 28 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 21 to 25, 2017).

Published 28 Aug, 2017 12:00am
Southeast Asia Games: Thais take dig at Malaysia over medals

Southeast Asia Games: Thais take dig at Malaysia over medals

Thailand took aim at table-topping Malaysia for stacking the sports programme in their favour as they conceded defeat in the Southeast Asian Games medals race. Thailand dominated the last edition of the 11-nation competition in 2015, when they claimed 95
Published 28 Aug, 2017 12:00am
Bangladesh spinners spoil strong day for Australia

Bangladesh spinners spoil strong day for Australia

Bangladesh's spinners spoilt a strong day for Australia Sunday, claiming two quick wickets after the hosts had been dismissed for 260 on the first day of the first Test. Pat Cummins, Nathan Lyon and Ashton Agar took three wickets each to wrap up the Bangl
Published 28 Aug, 2017 12:00am
India clinch ODI series against Sri Lanka

India clinch ODI series against Sri Lanka

Opener Rohit Sharma's sublime century combined with a maiden five-wicket haul by paceman Jasprit Bumrah powered India to a series-clinching win against Sri Lanka in the third one-day international on Sunday. Chasing 218 for victory, Sharma hit a 145-ball
Published 28 Aug, 2017 12:00am
Liverpool thrash Arsenal, Morata lifts Chelsea

Liverpool thrash Arsenal, Morata lifts Chelsea

Liverpool forwards Roberto Firmino, Sadio Mane and Mohamed Salah tore Arsenal to shreds as Arsene Wenger's team crashed to a humiliating 4-0 defeat at Anfield on Sunday. The trio all found the net to condemn Arsenal to a second successive defeat after the
Published 28 Aug, 2017 12:00am
Holder leads from front against England

Holder leads from front against England

West Indies captain Jason Holder starred with both bat and ball as his side continued to keep England at bay in the second Test at Headingley on Sunday. England were 68 for one in their second innings at tea on the third day, still 101 runs behind the Wes
Published 28 Aug, 2017 12:00am
World Bank raises Thailand 2017 growth forecast to 3.5 percent

World Bank raises Thailand 2017 growth forecast to 3.5 percent

Thailand's economy is expected to grow 3.5 percent this year, up from 3.2 percent initially predicted in April, and rising to 3.6 percent next year, the World Bank said on Thursday. Southeast Asia's second-largest economy is gaining momentum as farm incom
Published 28 Aug, 2017 12:00am
World Bank raises Thailand 2017 growth forecast to 3.5 percent

World Bank raises Thailand 2017 growth forecast to 3.5 percent

Thailand's economy is expected to grow 3.5 percent this year, up from 3.2 percent initially predicted in April, and rising to 3.6 percent next year, the World Bank said on Thursday. Southeast Asia's second-largest economy is gaining momentum as farm incom
Published 28 Aug, 2017 12:00am
Scottish budget deficit falls but still triple UK gap

Scottish budget deficit falls but still triple UK gap

Scotland's budget deficit narrowed in the year to March but the gap is still more than triple the size of that for the United Kingdom as whole, official data showed on Wednesday, potentially hampering arguments for Scottish independence. Scotland's heavil
Published 28 Aug, 2017 12:00am
Murdoch Jr gets approval for Australia TV network bid

Murdoch Jr gets approval for Australia TV network bid

News Corporation co-chair Lachlan Murdoch got the green light to bid for Australia's third-largest television network on Thursday, a deal that would see his media empire extend its huge reach Down Under. Australia's competition watchdog said it would not
Published 28 Aug, 2017 12:00am
Jeju Air sees record Q3 profit

Jeju Air sees record Q3 profit

Jeju Air Co Ltd expects record quarterly profit in July-September, as changing lifestyles at home in South Korea translates into demand that more than makes up for China again rejecting its monthly application to provide charter flights. South Korea's big
Published 28 Aug, 2017 12:00am
Jeju Air sees record Q3 profit

Jeju Air sees record Q3 profit

Jeju Air Co Ltd expects record quarterly profit in July-September, as changing lifestyles at home in South Korea translates into demand that more than makes up for China again rejecting its monthly application to provide charter flights. South Korea's big
Published 28 Aug, 2017 12:00am
ExxonMobil 'double speak' on climate laid bare
Exchange

ExxonMobil 'double speak' on climate laid bare

ExxonMobil knowingly misled the public for decades about the danger climate change poses to a warming world and the company's long-term viability, according to a peer-reviewed study, released Wednesday, of research and statements by the US oil giant. An a
Published 28 Aug, 2017 12:00am
Belgian business sentiment falls in August

Belgian business sentiment falls in August

Belgian business confidence, a bellwether for the euro zone, fell by more than expected in August, as business service and trade managers became more downbeat, the central bank said on Thursday. The index, often referred to as the leading indicator, fell
Published 28 Aug, 2017 12:00am
Russia's Polyus to start Natalka gold deposit smelter in early September

Russia's Polyus to start Natalka gold deposit smelter in early September

Russia's top gold producer Polyus plans to start the smelter at its main greenfield Natalka deposit in Russia's Far East in early September, Alexander Galushka, Russia's development minister for the region, told Reuters. The launch will be announced at an
Published 28 Aug, 2017 12:00am
Australia wage growth subdued; threatens spending, inflation

Australia wage growth subdued; threatens spending, inflation

Australian wages growth had languished at record lows for an entire year by the end of June quarter, official data showed on Wednesday, an outcome that threatens to sap consumer spending by heavily indebted households and to drag on already-anaemic inflat
Published 28 Aug, 2017 12:00am
Face scans, robot baggage handlers - airports of the future

Face scans, robot baggage handlers - airports of the future

Passengers' baggage is collected by robots, they relax in a luxurious waiting area complete with an indoor garden before getting a face scan and swiftly passing through security and immigration - this could be the airport of the future. It's a vision that
Published 28 Aug, 2017 12:00am
AIG returns to pre-bailout paydays for CEO, top executives

AIG returns to pre-bailout paydays for CEO, top executives

American International Group Inc's new Chief Executive Brian Duperreault has pledged to revive the insurer's glory days of top talent, underwriting discipline and fat profit margins. One thing he has already brought back: big pay packages. As he rejoined
Published 28 Aug, 2017 12:00am
Exports from Iran's South Pars field up 12 percent

Exports from Iran's South Pars field up 12 percent

Exports from Iran's South Pars, the world's largest gas field, rose 12 percent over the past year, its head of customs said on Sunday, according to the Islamic Republic News Agency (IRNA). The field exported about $6.9 billion worth of gas condensate, a 2
Published 28 Aug, 2017 12:00am
France, Germany to propose new tax on internet giants

France, Germany to propose new tax on internet giants

France and Germany plan to issue a new proposal to tax internet giants so that they pay a "fair contribution" in every country where they earn money, French finance minister Bruno Le Maire said Sunday. "We will unveil a new plan along with our German part
Published 28 Aug, 2017 12:00am
France, Germany to propose new tax on internet giants

France, Germany to propose new tax on internet giants

France and Germany plan to issue a new proposal to tax internet giants so that they pay a "fair contribution" in every country where they earn money, French finance minister Bruno Le Maire said Sunday. "We will unveil a new plan along with our German part
Published 28 Aug, 2017 12:00am
Samsung heir's jailing heralds reform drive

Samsung heir's jailing heralds reform drive

The conviction and jailing of South Korea's top business tycoon heralds a drive to reform the country's giant conglomerates and loosen their grip on the economy, analysts said. When Lee Jae-Yong, de facto head of the world's biggest smartphone maker Samsu
Published 28 Aug, 2017 12:00am
Libyan oilfields closed by pipeline shutdowns, force majeure

Libyan oilfields closed by pipeline shutdowns, force majeure

Pipeline blockades by Libyan militia brigades making economic demands have closed down three oilfields and forced state-run National Oil Corporation to declare force majeure at several sites, officials and sources said on Sunday. Six years after the fall
Published 28 Aug, 2017 12:00am
China's industrial profits rise at slowest pace in three months

China's industrial profits rise at slowest pace in three months

Earnings growth for China's industrial firms cooled in July after accelerating for three straight months, reinforcing expectations the economy will slow over coming quarters as higher lending costs and property market curbs bite. Profits earned by China's
Published 28 Aug, 2017 12:00am
Vision loss associated with cognitive decline, dementia

Vision loss associated with cognitive decline, dementia

Hearing impairment is already linked to a heightened risk of cognitive decline in old age, and a new study suggests that impaired vision may carry the same risk. Based on data from two large studies of older Americans, researchers found those who had prob
Published 28 Aug, 2017 12:00am
Mars weather: 'Cloudy, chance of nighttime snowstorm'

Mars weather: 'Cloudy, chance of nighttime snowstorm'

Mars is buffeted by turbulent snowstorms that occur only at night, according to a study released on Monday that revises our understanding of Red Planet weather. Up to now, it was thought that snow falling from low-lying Martian clouds settled slowly and s
Published 28 Aug, 2017 12:00am
Brain activity tied to blood pressure during stress

Brain activity tied to blood pressure during stress

Brain scans obtained during psychological stress might someday help doctors identify people who are at higher risk for heart disease, a new study suggests. Researchers found that a particular pattern of brain activity during frustrating and stressful situ
Published 28 Aug, 2017 12:00am
Lithium in drinking water may affect Alzheimer's risk

Lithium in drinking water may affect Alzheimer's risk

Long-term consumption of tiny amounts of lithium may reduce the risk of Alzheimer's disease and other forms of dementia, but only if the dose isn't too small, according to a study that looked at levels of the element in drinking water throughout Denmark.
Published 28 Aug, 2017 12:00am
Can continuous glucose monitoring help with type 2 diabetes?

Can continuous glucose monitoring help with type 2 diabetes?

People taking insulin for type 2 diabetes may manage symptoms better with a device that constantly checks their blood sugar, a small study suggests. Researchers focused on 158 adults with type 2 diabetes, which is tied to aging and obesity and happens whe
Published 28 Aug, 2017 12:00am
Hurricanes and typhoons: cyclones by another name

Hurricanes and typhoons: cyclones by another name

No matter what they are called - cyclones, hurricanes or typhoons - the giant tropical storms that form in oceans near the Americas and Asia can be deadly, destructive and terrifyingly capricious. At full throttle, these low-pressure systems pack more pow
Published 28 Aug, 2017 12:00am
Robot makers slow to address cyber risk: researchers

Robot makers slow to address cyber risk: researchers

Researchers who warned half a dozen robot manufacturers in January about nearly 50 vulnerabilities in their home, business and industrial robots, say only a few of the problems have been addressed. The researchers, Cesar Cerrudo and Lucas Apa of cybersecu
Published 28 Aug, 2017 12:00am
Rechargeable battery option for ReSound LiNX 3D hearing aids

Rechargeable battery option for ReSound LiNX 3D hearing aids

GN Hearing introduces a rechargeable battery option for the revolutionary ReSound LiNX 3D hearing aids. Available in North America and other major markets from September 1, the rechargeable battery solution gives ReSound users even more options to choose
Published 28 Aug, 2017 12:00am
Google and Walmart team up to take on Amazon

Google and Walmart team up to take on Amazon

Wal-Mart, the world's biggest retailer, and Google, the internet's predominant search engine, are teaming up in an attempt to challenge Amazon's growing dominance in online shopping. The venture, announced early Wednesday, marries Google's hands-free voic
Published 28 Aug, 2017 12:00am
Samsung seeks to bury fiery past with Galaxy Note 8 launch

Samsung seeks to bury fiery past with Galaxy Note 8 launch

Samsung Electronics Co Ltd set out to wipe the slate clean in New York on Wednesday with its new Galaxy Note 8 "phablet," hoping features like dual rear cameras and its biggest-ever screen will extinguish memories of the device's fire-prone predecessor.
Published 28 Aug, 2017 12:00am
Apple under pressure to dazzle as market slows

Apple under pressure to dazzle as market slows

As Apple and Samsung gear up to launch new flagship smartphones, the market leaders are seeking a wow factor that can help them fend off challenges from rising Chinese-based manufacturers. Apple is under particular pressure to dazzle as the culture-changi
Published 28 Aug, 2017 12:00am
Facebook makes it simple to see if friends are safe

Facebook makes it simple to see if friends are safe

Facebook on Monday made it simpler to see whether friends have checked in as "safe" on the online platform during disasters or other dangerous events. A Safety Check feature was given its own dedicated tab along with friends, groups, events and other main
Published 28 Aug, 2017 12:00am
Facebook losing teens to Instagram-Snapchat: forecast

Facebook losing teens to Instagram-Snapchat: forecast

Facebook use in the US will slow as teens and young adults opt for smartphone image-sharing services Instagram and Snapchat, according to an eMarketer forecast released on Tuesday. The market tracker expected Facebook's online community to grow, saying it
Published 28 Aug, 2017 12:00am
Shareholders in the money as PetroChina first-half profit soars
Exchange

Shareholders in the money as PetroChina first-half profit soars

China's biggest oil producer PetroChina said a pick-up in oil prices helped net profit skyrocket more than 2,000 percent in the first half, and that it was giving the entire windfall to shareholders via a cash dividend. Net profit from January to June hit
Published 28 Aug, 2017 12:00am
Shareholders in the money as PetroChina first-half profit soars
Exchange

Shareholders in the money as PetroChina first-half profit soars

China's biggest oil producer PetroChina said a pick-up in oil prices helped net profit skyrocket more than 2,000 percent in the first half, and that it was giving the entire windfall to shareholders via a cash dividend. Net profit from January to June hit
Published 28 Aug, 2017 12:00am
AirAsia X reports big jump in quarterly profit
Exchange

AirAsia X reports big jump in quarterly profit

AirAsia X Bhd, Malaysia's long-haul budget airline, posted a seventh straight quarterly profit which surged largely due to foreign exchange gains and deferred taxes. The carrier reported a net profit of 47.4 million ringgit ($11.1 million) for the second
Published 28 Aug, 2017 12:00am
AirAsia X reports big jump in quarterly profit
Exchange

AirAsia X reports big jump in quarterly profit

AirAsia X Bhd, Malaysia's long-haul budget airline, posted a seventh straight quarterly profit which surged largely due to foreign exchange gains and deferred taxes. The carrier reported a net profit of 47.4 million ringgit ($11.1 million) for the second
Published 28 Aug, 2017 12:00am
Tiffany's profit beats on higher sales in Japan

Tiffany's profit beats on higher sales in Japan

Tiffany & Co reported bigger-than-expected quarterly profit and sales, helped in part by higher sales of wholesale diamonds and strong demand for its fashion and designer jewelry in Japan. The company's shares rose 3 percent to $91.40 before the bell on T
Published 28 Aug, 2017 12:00am
Tiffany's profit beats on higher sales in Japan

Tiffany's profit beats on higher sales in Japan

Tiffany & Co reported bigger-than-expected quarterly profit and sales, helped in part by higher sales of wholesale diamonds and strong demand for its fashion and designer jewelry in Japan. The company's shares rose 3 percent to $91.40 before the bell on T
Published 28 Aug, 2017 12:00am
DP World confident of meeting FY view

DP World confident of meeting FY view

DP World, one of the world's largest port operators, said on Thursday it was confident it would meet full-year market expectations as it reported a flat half-year net profit. The Dubai-headquartered firm made a profit of $606 million attributable to the o
Published 28 Aug, 2017 12:00am
Japan Tobacco to buy Mighty for $936 million

Japan Tobacco to buy Mighty for $936 million

Japan Tobacco Inc said on Tuesday it would buy the Philippines' No 2 cigarette maker Mighty Corp for about $936 million, its second large deal in Southeast Asia this month as it deepens its push into emerging markets. The acquisition will help Japan Tobac
Published 28 Aug, 2017 12:00am
Lufthansa eyes Air Berlin's Niki as bidders jostle for position

Lufthansa eyes Air Berlin's Niki as bidders jostle for position

Lufthansa has submitted a letter of interest in Air Berlin's Niki unit and other parts of the insolvent carrier, a source familiar with the talks said on Wednesday. Air Berlin, which is being kept in the air thanks to a 150 million euro ($177 million) gov
Published 28 Aug, 2017 12:00am
China's CNOOC profit gain on higher prices

China's CNOOC profit gain on higher prices

China's offshore oil and gas producer CNOOC Ltd reported its strongest semi-annual result since the second half of 2014 as the state oil giant's cost cutting programme and higher oil crude prices boosted profits. CNOOC made 16.25 billion yuan ($2.44 billi
Published 28 Aug, 2017 12:00am
China's CNOOC profit gain on higher prices

China's CNOOC profit gain on higher prices

China's offshore oil and gas producer CNOOC Ltd reported its strongest semi-annual result since the second half of 2014 as the state oil giant's cost cutting programme and higher oil crude prices boosted profits. CNOOC made 16.25 billion yuan ($2.44 billi
Published 28 Aug, 2017 12:00am
Qantas posts near-record profit

Qantas posts near-record profit

Australia's biggest airline Qantas Airways Ltd set new cost-cutting targets on Friday after posting its second-highest annual profit and confirming its ambitions for non-stop flights from Sydney to London and New York. Chief Executive Alan Joyce said the
Published 28 Aug, 2017 12:00am
Qantas posts near-record profit

Qantas posts near-record profit

Australia's biggest airline Qantas Airways Ltd set new cost-cutting targets on Friday after posting its second-highest annual profit and confirming its ambitions for non-stop flights from Sydney to London and New York. Chief Executive Alan Joyce said the
Published 28 Aug, 2017 12:00am
Hyundai to launch pickup, more SUVs

Hyundai to launch pickup, more SUVs

Hyundai Motor plans to launch a pickup truck in the United States as part of a broader plan to catch up with a shift away from sedans in one of the Korean automaker's most important markets, a senior company executive told Reuters. Michael J. O'Brien, vic
Published 28 Aug, 2017 12:00am
China's Tian Ge seeks to resume trading

China's Tian Ge seeks to resume trading

Chinese mobile and online game operator Tian Ge Interactive Holdings said it had applied to resume trading on Monday after a two-week halt, which was triggered by a research report that caused a sharp fall in its shares. The company also said its board ha
Published 28 Aug, 2017 12:00am
China's money rates extend climb

China's money rates extend climb

China's key money rates spiked for the week as the central bank conducted its biggest drain in nearly two months, tightening liquidity as it extends its campaign against riskier types of financing. While conditions eased slightly on Friday, analysts said
Published 28 Aug, 2017 12:00am
IEX plans to nab listings from rivals with cheaper, simpler fees
Kerb

IEX plans to nab listings from rivals with cheaper, simpler fees

A year after disrupting the US stock market with a new approach to handling trades, upstart stock exchange operator IEX Group is planning to nab listings from rivals by charging simpler, cheaper fees, Sara Furber, IEX's head of listings, said in a recent
Published 28 Aug, 2017 12:00am
IEX plans to nab listings from rivals with cheaper, simpler fees
Kerb

IEX plans to nab listings from rivals with cheaper, simpler fees

A year after disrupting the US stock market with a new approach to handling trades, upstart stock exchange operator IEX Group is planning to nab listings from rivals by charging simpler, cheaper fees, Sara Furber, IEX's head of listings, said in a recent
Published 28 Aug, 2017 12:00am
Low investor turnout before Eid hurts most Middle East bourses

Low investor turnout before Eid hurts most Middle East bourses

Thin news flow and upcoming Islamic holidays towards the end of the week kept many long-term equity investors away on Sunday, leaving stock markets in the Middle East vulnerable to profit- taking, but Kuwait's index bucked the trend. "Speculators are book
Published 28 Aug, 2017 12:00am
Strong euro leads big bond buyers into government debt rethink

Strong euro leads big bond buyers into government debt rethink

The euro's double-digit gains this year are prompting some of the world's biggest money managers to view European government debt more favourably just as the central bank is planning to withdraw its support from the bond market. Eurozone government bond y
Published 28 Aug, 2017 12:00am
Strong euro leads big bond buyers into government debt rethink

Strong euro leads big bond buyers into government debt rethink

The euro's double-digit gains this year are prompting some of the world's biggest money managers to view European government debt more favourably just as the central bank is planning to withdraw its support from the bond market. Eurozone government bond y
Published 28 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 28 Aug, 2017 12:00am
Mexico, Brazil currencies set to weaken less in next 12 months
Exchange

Mexico, Brazil currencies set to weaken less in next 12 months

Brazilian and Mexican currencies will weaken less than previously thought against the US dollar during the next 12 months as low interest rates abroad offset political uncertainty at home, a Reuters poll found on Thursday. The fresh forecasts come in the
Published 28 Aug, 2017 12:00am
US money market assets highest since December

US money market assets highest since December

US money market fund assets grew by $25.44 billion to $2.698 trillion in the week ended August 22 to their highest level in more than eight months, while interest rates offered by these funds held steady on the week, the Money Fund Report said on Wednesda
Published 28 Aug, 2017 12:00am
US money market assets highest since December

US money market assets highest since December

US money market fund assets grew by $25.44 billion to $2.698 trillion in the week ended August 22 to their highest level in more than eight months, while interest rates offered by these funds held steady on the week, the Money Fund Report said on Wednesda
Published 28 Aug, 2017 12:00am
'Sustainable' funds lag behind booming ETFs
Mutual Funds

'Sustainable' funds lag behind booming ETFs

The boom in exchange-traded funds is leaving so-called sustainable investing behind. There are just 48 exchange-traded funds that invest based on environmental, social and governance factors, which are collectively known as ESG, according to data from res
Published 28 Aug, 2017 12:00am
'Sustainable' funds lag behind booming ETFs
Mutual Funds

'Sustainable' funds lag behind booming ETFs

The boom in exchange-traded funds is leaving so-called sustainable investing behind. There are just 48 exchange-traded funds that invest based on environmental, social and governance factors, which are collectively known as ESG, according to data from res
Published 28 Aug, 2017 12:00am
Wall Street week ahead: investors seek gems among unloved small-caps

Wall Street week ahead: investors seek gems among unloved small-caps

US small-cap stocks, highly sensitive to the fate of President Donald Trump's policy ambitions, may face more selling pressure, leaving small-cap investors scrambling for quality names and more resilient sectors. Small-caps, which are more reliant on US p
Published 28 Aug, 2017 12:00am
After decades of war, Colombia's FARC rebels to debut political party

After decades of war, Colombia's FARC rebels to debut political party

Colombia's leftist FARC rebel group will debut its political party at a conference beginning on Sunday, a key step in its transition into a civilian organization after more than 50 years of war and its first chance to announce policy to skeptical voters.
Published 28 Aug, 2017 12:00am
Iraqi forces poised for victory over IS in Tal Afar

Iraqi forces poised for victory over IS in Tal Afar

Iraqi forces backed by local militia and a US-led coalition were poised Sunday to drive the Islamic State group from the city of Tal Afar, dealing another blow to the jihadists. Just a week after authorities announced an offensive to push the jihadists fr
Published 28 Aug, 2017 12:00am
Israel finalises deal for 17 more F-35 stealth fighters

Israel finalises deal for 17 more F-35 stealth fighters

Israel has finalised a deal to purchase 17 more F-35 stealth fighters in addition to 33 of the ultra-high-tech jets already ordered, the defence ministry said Sunday. Israel has already taken delivery of five of the jets, made by US-based Lockheed Martin
Published 28 Aug, 2017 12:00am
Japanese prodigy wins prestigious piano prize

Japanese prodigy wins prestigious piano prize

A young Japanese pianist has been awarded the prestigious Clara Haskil Prize, organisers said Sunday. Mao Fujita, 18, will receive 25,000 Swiss francs (22,000 euros, $26,000) after beating Hong Kong-born Aristo Sham and Italian Alberto Ferro to win the co
Published 28 Aug, 2017 12:00am
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