Cricket South Africa chief executive Haroon Lorgat has quit his post with immediate effect following a breakdown with the organisation's board, CSA president Chris Nenzani announced on Thursday. "We recently tried on a few occasions to remedy the situatio
Bayern Munich have sacked coach Carlo Ancelotti in the wake of their Champions League defeat at the hands of Paris Saint-Germain, the club announced on Thursday. "FC Bayern Munich have parted company with head coach Carlo Ancelotti as a result of internal
The Australian dollar wallowed near six-week lows as the greenback jumped and Treasury yields climbed on wagers a proposed cut in US tax rates could boost economic growth and inflation. The Australian dollar held at $0.7846, after going as low as $0.7836
Britain's pound climbed almost a cent against a weakening dollar on Thursday after Britain's Brexit secretary said "considerable progress" had been made in talks and the EU's chief negotiator praised a "new dynamic" from the prime minister.
Asian currencies took a beating on Thursday after US President Donald Trump's proposal for a tax overhaul lifted the dollar and US bond yields, reducing the appeal of regional currencies. The dollar index, which measures the greenback against a basket of
The Sri Lankan rupee weakened on Thursday, as demand for dollars from importers to pay for their purchases outweighed conversions of the greenback into local currency by exporters, dealers said. The spot rupee, which traded at 153.19 per dollar earlier in
The dollar rose to a more than one-month high against a basket of currencies on Wednesday, as optimism about US fiscal reforms boosted sentiment in favour of the greenback. The dollar index, which tracks the greenback against six major currencies, was up
The dollar edged lower against a basket of currencies on Thursday, on pace to snap a three-day winning streak, as investors looked to take profits on the greenback's rally this week ahead of the end of the quarter. The dollar index, which tracks the green
The dollar consolidated gains after hitting a one-month high on Thursday against a basket of currencies as US Treasury yields rose, prompting investors to unwind some of their dollar shorts. Hawkish rhetoric by the US Federal Reserve has bond yields threa
The dollar hit a one-month high against a basket of currencies on Thursday, underpinned by hopes that US President Donald Trump's administration may be making progress on tax reforms. The dollar index, which measures the greenback against a basket of six
Enthusiasm about US tax reforms and rate hikes dissipated on Thursday, taking the wind out of the sails of Britain's banking stocks after earlier gains, and leaving the main share index modestly up on the day. The FTSE 100 index was up 0.1 percent, in lin
Southeast Asian stock markets, except Vietnam, slipped on Thursday, in line with regional currencies and equities that lost their appeal after US President Donald Trump's proposal for a tax overhaul lifted the dollar and bond yields. Trump proposed on Wed
European shares closed in mixed directions on Thursday but clung to a 10-week high as bullishness fuelled by President Donald Trump's tax cut plan lingered on despite concerns it might prove difficult to implement. The pan-European STOXX 600 index was up
China stocks were little changed on Thursday as many investors took to the sidelines as they awaited third quarter economic data and counted down to a week-long National Day holiday starting on Sunday. Traders were cautious amid emerging signs of fading e
Indian shares ended higher on Thursday, snapping their longest losing streak so far this year, as financials gained ahead of the expiry of derivative contracts. The BSE index rose 0.39 percent to end at 31,282.48, while the broader NSE index ended 0.34 pe
Australian shares closed on a slightly firmer note on Thursday, tracking strength in US stocks on hopes President Donald Trump's administration may be making progress on a broad US tax-reduction plan. The S&P/ASX 200 index rose 0.11 percent, or 6.117 poin
US Treasury yields rose to months- and years-long highs on Wednesday after a better-than-expected reading on US durable goods orders that suggested inflation may be picking up and the Federal Reserve may be taking a stronger path of rate increases than cu
US Treasury yields rose to months- and years-long highs on Wednesday after a better-than-expected reading on US durable goods orders that suggested inflation may be picking up and the Federal Reserve may be taking a stronger path of rate increases than cu
Sri Lankan shares closed at a one-week high on Thursday, as investors bought banking stocks and continued foreign buying in the market underpinned positive sentiment, brokers said. The Colombo stock index ended 0.2 percent up at 6,419.47, its highest clos
US stocks rose on Wednesday as gains in financial shares were powered by growing expectations for a December interest rate hike and on hopes President Donald Trump's administration may be making progress on a tax plan. New orders for US-made capital goods
Gains in McDonald's lifted the Dow in early afternoon trading on Thursday, while a cooling of the enthusiasm generated by President Donald Trump's tax plan pressured financial and technology stocks. Shares in the world's biggest fast food chain rose 2.57
Tokyo stocks firmed Thursday, supported by a cheaper yen and tracking gains on Wall Street after President Donald Trump unveiled plans to slash corporate tax in a sweeping fiscal reform. The bellwether Nikkei 225 index gained 0.47 percent, or 96.06 points
Hong Kong stocks fell on Thursday, echoing weakness in other Asian markets, as investors worried about a possible slowdown in China await third-quarter economic data. The Hang Seng index ended down 0.8 percent at 27,421.60 point, while the China Enterpris
Egypt's stock index climbed on Thursday ahead of a central bank meeting on monetary policy later in the day, while the banking sector helped carry the Saudi index higher after news that the government had priced a $12.5 billion international bond issue. T
Egypt's stock index climbed on Thursday ahead of a central bank meeting on monetary policy later in the day, while the banking sector helped carry the Saudi index higher after news that the government had priced a $12.5 billion international bond issue. T
The EU's auditor on Thursday hailed progress in the bloc's wasteful spending, which fell to 4.2 billion euros in 2016, but warned that future spending commitments had hit an all-time high of nearly 240 billion euros. The assessment comes as EU states wran
Toshiba said on Thursday it had formally signed a deal to sell its memory chip business to a group led by US investor Bain Capital for around $18 billion. The sale to the consortium - which includes US tech giants Apple and Dell as well as South Korean ch
Canada's BlackBerry Ltd reported a stronger-than-expected quarterly profit on Thursday after sales at its high-margin software unit hit a record, boosting investor confidence in its turnaround strategy and sending its shares up more than 12 percent. The c
Canada's BlackBerry Ltd reported a stronger-than-expected quarterly profit on Thursday after sales at its high-margin software unit hit a record, boosting investor confidence in its turnaround strategy and sending its shares up more than 12 percent. The c
Abu Dhabi carrier Etihad on Thursday appointed a senior British defence official who once ran the emirate's airports as its next chief executive, as it looks to staunch heavy losses. Tony Douglas will join Etihad, which lost $1.87 billion last year, in Ja
Real estate markets in several major cities are heating up and some face risks of a bubble, with Toronto topping the list, a study from Swiss bank UBS said Thursday. "Major urban housing markets in developed economies are still overvalued, and more are at
German industrial giant Siemens has won a $1 billion tender to supply Israel Railways with hundreds of electric railcars, a statement to the Israeli stock market said. Under the terms of the deal, which has yet to be signed, Siemens will provide 330 doubl
The US economy grew marginally faster in the second quarter than previously reported, with bumps in estimated air travel, retail and spending on farm inventories, official figures showed Thursday. The new Commerce Department report for the April-June peri
German and Spanish consumer prices rose less than expected in September, tilting a finely balanced monetary policy debate at the European Central Bank towards a more measured exit from its stimulus programme. Prices in Europe's largest economy rose 1.8 pe
Thailand's major commercial banks remain strong with high capital adequacy ratios, while bad loans are rising at a slower pace, the central bank said on Tuesday. The comment came a day after the Bank of Thailand (BOT) listed the country's top five banks a
Consumer inflation in South Korea eased to near the central bank's 2 percent target in September as fresh food prices rose more slowly, but broader price pressures pointed to a steady improvement in domestic demand. The consumer price index rose 2.1 perce
British travel firm Thomas Cook faced a "challenging" September as it took care of 22,000 customers in destinations hit by Hurricane Irma, it said Tuesday alongside a bright trading update. Thomas Cook was forced to evacuate some of 7,500 customers from i
The Philippine government has threatened its flag carrier with legal action over unpaid fees and ordered it to pay millions in back charges, as President Rodrigo Duterte said he could cut off its access to Manila's main airport. Philippine Airlines (PAL)
Major gas producers in Australia agreed Wednesday to boost domestic supplies to help arrest a looming power crisis after the government threatened to slap them with export restrictions. Australia is expected to overtake Qatar as the world's largest liquid
Uber appealed before a British employment tribunal on Wednesday against a ruling that would give its drivers official worker status, as the company also battles against a threatened ban in London. The landmark case brought by two Uber drivers could have f
Uber appealed before a British employment tribunal on Wednesday against a ruling that would give its drivers official worker status, as the company also battles against a threatened ban in London. The landmark case brought by two Uber drivers could have f
Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday, winning a total of eight offshore blocks in the country's 14th oil bidding round, helping the cash-strapped nation to fetch a record 3.8 billion reais ($1.19 billion).
Since the beginning of this week, the cotton prices on the domestic market started to decline and have lost Rs 100 to about Rs 150 per maund (37.32 Kgs). Traders said in Karachi that coming Saturday has been declared a holiday due to Ashura so that ready
Since the beginning of this week, the cotton prices on the domestic market started to decline and have lost Rs 100 to about Rs 150 per maund (37.32 Kgs). Traders said in Karachi that coming Saturday has been declared a holiday due to Ashura so that ready
Chicago Board of Trade corn futures closed modestly lower on Tuesday on seasonal pressure as the US corn harvest expanded and anecdotal yield reports were better than expected, traders said. CBOT December corn settled down 1-1/2 cents at $3.52-1/4 per bus
Falling trend persisted on the cotton market on Thursday in the process of hectic trading session ahead of Ashura holidays, dealers said. The official spot rate continued to decline for the second, losing more Rs 50 to Rs 6000, they said. In the ready ses
The Karachi Port handled 142,112 tonnes of cargo comprising 99,776 tonnes of import cargo and 42,336 tonnes of export cargo including 6,656 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 99
Asia's gasoline cracks slipped to a three-session low of $10.66 a barrel on Tuesday while naphtha trades were sidelined by the attendance of traders at an annual oil event in Singapore. However, naphtha fundamentals were expected to stay strong in the sho
On Wednesday at Pakistan Mercantile Exchange Limited, the total traded value of Metals, Energy and COTS/FX was recorded at PKR 6.627 billion and the number of lots traded was 13,038. PMEX Commodity Index closed at 3,018.
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (September 28, 2017).
Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (September 28, 2017).
The All Pakistan Textile Mills Association, a 60-year-old strongest business lobby, has shifted its principal office to the federal capital. The APTMA Chairman Aamir Fayyaz has expressed the hope that the newly-established principal office of the associat
Pakistan Stock Exchange witnessed a rangebound session with the 100-index moving both ways Thursday. BRIndex100 gained 9.72 points or 0.21 percent to close at 4,617.91 points. BRIndex 100 touched intraday high of 4,626.03 points and an intraday low of 4,5
Pakistan Stock Exchange witnessed a rangebound session with the 100-index moving both ways Thursday. BRIndex100 gained 9.72 points or 0.21 percent to close at 4,617.91 points. BRIndex 100 touched intraday high of 4,626.03 points and an intraday low of 4,5
Finance Ministry has decided to extend chargeability of 0.4% withholding tax on banking transactions of non-filers till December 31, 2017 and directed Federal Board of Revenue (FBR) to achieve an ambitious revenue collection target of Rs 4,013 billion in
Finance Ministry has decided to extend chargeability of 0.4% withholding tax on banking transactions of non-filers till December 31, 2017 and directed Federal Board of Revenue (FBR) to achieve an ambitious revenue collection target of Rs 4,013 billion in
Finance Ministry has decided to extend chargeability of 0.4% withholding tax on banking transactions of non-filers till December 31, 2017 and directed Federal Board of Revenue (FBR) to achieve an ambitious revenue collection target of Rs 4,013 billion in
Finance Ministry has decided to extend chargeability of 0.4% withholding tax on banking transactions of non-filers till December 31, 2017 and directed Federal Board of Revenue (FBR) to achieve an ambitious revenue collection target of Rs 4,013 billion in
Power Division (Ministry of Energy) is all set to sign a pact of 118.8 MW baggase-fired with M/s Fatima Energy Limited (FEL) on take-and-pay basis with the approval of Economic Co-ordination Committee (ECC) of the Cabinet as in an inquiry the PPIB and FEL
Power Division (Ministry of Energy) is all set to sign a pact of 118.8 MW baggase-fired with M/s Fatima Energy Limited (FEL) on take-and-pay basis with the approval of Economic Co-ordination Committee (ECC) of the Cabinet as in an inquiry the PPIB and FEL
Power Division (Ministry of Energy) is all set to sign a pact of 118.8 MW baggase-fired with M/s Fatima Energy Limited (FEL) on take-and-pay basis with the approval of Economic Co-ordination Committee (ECC) of the Cabinet as in an inquiry the PPIB and FEL
China Communication Construction Company (CCCC) will provide Rs 15 billion interest-free loan to Gwadar Port Authority (GPA) for development of road and railways track, State Minister for Ports and Shipping Chaudhry Jaffar Iqbal said. Talking to reporters
Foreign Minister Khawaja Muhammad Asif on Thursday said that China-Pakistan Economic Corridor (CPEC) is a game-changer for not only Pakistan but for the whole region as it will usher in a new era of economic relationship between different countries of the
China Communication Construction Company (CCCC) will provide Rs 15 billion interest-free loan to Gwadar Port Authority (GPA) for development of road and railways track, State Minister for Ports and Shipping Chaudhry Jaffar Iqbal said. Talking to reporters
China Communication Construction Company (CCCC) will provide Rs 15 billion interest-free loan to Gwadar Port Authority (GPA) for development of road and railways track, State Minister for Ports and Shipping Chaudhry Jaffar Iqbal said. Talking to reporters