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Print - 2017-10-15
Saudi keeps options open on Aramco IPO
Exchange

Saudi keeps options open on Aramco IPO

Saudi Arabia is keeping its options open on the sale of Aramco shares, a spokesman for the state-owned oil giant said Saturday, following reports that the IPO could be limited to the Riyadh stock exchange. "A range of options, for the public listing of Sa
Published 15 Oct, 2017 12:00am
Saudi keeps options open on Aramco IPO
Exchange

Saudi keeps options open on Aramco IPO

Saudi Arabia is keeping its options open on the sale of Aramco shares, a spokesman for the state-owned oil giant said Saturday, following reports that the IPO could be limited to the Riyadh stock exchange. "A range of options, for the public listing of Sa
Published 15 Oct, 2017 12:00am
BoI working on its own template for BIT

BoI working on its own template for BIT

The Board of Investment (BoI) is working on its own template for a bilateral investment treaty (BIT), which will replace the existing treaties with different countries. And all future ones will be negotiated on the new template. An official of BoI said th
Published 15 Oct, 2017 12:00am
BoI working on its own template for BIT

BoI working on its own template for BIT

The Board of Investment (BoI) is working on its own template for a bilateral investment treaty (BIT), which will replace the existing treaties with different countries. And all future ones will be negotiated on the new template. An official of BoI said th
Published 15 Oct, 2017 12:00am
Democracy sine qua non for progress: PM

Democracy sine qua non for progress: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the people of Pakistan would decide the future government, juxtaposing the unprecedented performance of Pakistan Muslim League-N with its rival political parties and previous regimes. He noted that demo
Published 15 Oct, 2017 12:00am
Democracy sine qua non for progress: PM

Democracy sine qua non for progress: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the people of Pakistan would decide the future government, juxtaposing the unprecedented performance of Pakistan Muslim League-N with its rival political parties and previous regimes. He noted that demo
Published 15 Oct, 2017 12:00am
Democracy sine qua non for progress: PM

Democracy sine qua non for progress: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the people of Pakistan would decide the future government, juxtaposing the unprecedented performance of Pakistan Muslim League-N with its rival political parties and previous regimes. He noted that demo
Published 15 Oct, 2017 12:00am
Democracy sine qua non for progress: PM

Democracy sine qua non for progress: PM

Prime Minister Shahid Khaqan Abbasi on Saturday said the people of Pakistan would decide the future government, juxtaposing the unprecedented performance of Pakistan Muslim League-N with its rival political parties and previous regimes. He noted that demo
Published 15 Oct, 2017 12:00am
PM calls for timely completion of Centre-funded projects in Karachi

PM calls for timely completion of Centre-funded projects in Karachi

Prime Minister Shahid Khaqan Abbasi on Saturday asked concerned departments to expedite work on those ongoing development projects in Karachi that are funded by the federal government and these schemes must completed within stipulated time. Chairing a mee
Published 15 Oct, 2017 12:00am
PM calls for timely completion of Centre-funded projects in Karachi

PM calls for timely completion of Centre-funded projects in Karachi

Prime Minister Shahid Khaqan Abbasi on Saturday asked concerned departments to expedite work on those ongoing development projects in Karachi that are funded by the federal government and these schemes must completed within stipulated time. Chairing a mee
Published 15 Oct, 2017 12:00am
PM calls for timely completion of Centre-funded projects in Karachi

PM calls for timely completion of Centre-funded projects in Karachi

Prime Minister Shahid Khaqan Abbasi on Saturday asked concerned departments to expedite work on those ongoing development projects in Karachi that are funded by the federal government and these schemes must completed within stipulated time. Chairing a mee
Published 15 Oct, 2017 12:00am
YOUR RUPEE LAST MONTH
Currency

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (September 5 to 28, 2017)

Published 15 Oct, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (October 14, 2017) and the forecast for Sunday (October 15, 2017).

Published 15 Oct, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 14, 2017).

Published 15 Oct, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 14, 2017)

Published 15 Oct, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 14, 2017).

Published 15 Oct, 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 (October 14, 2017).

Published 15 Oct, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 14, 2017).

Published 15 Oct, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 14, 2017).

Published 15 Oct, 2017 12:00am
THE RUPEE: rising trend persists
Currency

THE RUPEE: rising trend persists

The rupee extended overnight gains against the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee gained 10 paisas more versus the dollar for buying and selling at Rs 106.90 and Rs 107.00 respectively, they
Published 15 Oct, 2017 12:00am
THE RUPEE: rising trend persists
Currency

THE RUPEE: rising trend persists

The rupee extended overnight gains against the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee gained 10 paisas more versus the dollar for buying and selling at Rs 106.90 and Rs 107.00 respectively, they
Published 15 Oct, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 14, 2017).

Published 15 Oct, 2017 12:00am
Quality infrastructure of Pakistan

Quality infrastructure of Pakistan

The sustainable development of a country is depends on three pillars of quality infra structure ie Metrology, Standards and Conformity assessment. Governments of developed economies uses these pillars to meet the environmental, social and economic needs
Published 15 Oct, 2017 12:00am
'Standards make cities smarter' new ISO theme and Pakistan
Exchange

'Standards make cities smarter' new ISO theme and Pakistan

Each year on 14th October, World Standards Day is celebrated by Standards Development Organizations, Pakistan Standards and Quality Control Authority (PSQCA) being National Standards Body (NSB) and members of the IEC, ISO, SMIIC,SARSO and various other S
Published 15 Oct, 2017 12:00am
Shafisons Engineering (Private) Limited: manufacturers of Beta Pipes

Shafisons Engineering (Private) Limited: manufacturers of Beta Pipes

Shafisons Engineering (Private) Limited (SSEPL) created ripples in the field of Engineering Plastics in year 1994 by launching of brand, "BETA PIPES". Our business activities are focused on the development, manufacturing and distribution of plastic pipe s
Published 15 Oct, 2017 12:00am
Philips Lighting: Creating brighter lives in a better world

Philips Lighting: Creating brighter lives in a better world

Philips has been revolutionizing lighting for over 125 years. We pioneered the world changing development of electric light and LED, and are now leading the way in intelligent lighting systems. Our deep understanding of how lighting positively affects peo
Published 15 Oct, 2017 12:00am
Zaka Sons (Pak Arab): Pioneers in plastic pipe manufacturing since 1950

Zaka Sons (Pak Arab): Pioneers in plastic pipe manufacturing since 1950

There has been tremendous growth in the industrial, commercial, government projects, housing sector and public amenities in Pakistan. This growth needs pipelines to convey water and sewerage for infrastructure development works and to protect telecommunic
Published 15 Oct, 2017 12:00am
Thatta Cement Company Ltd

Thatta Cement Company Ltd

Thatta Cement Company Limited was incorporated in 1980 as a Public Limited Company. In 1982, the manufacturing facility was contracted in collaboration with the OECF Aid of Japan. The plant was based on Dry Process Technology with four stage suspensions p
Published 15 Oct, 2017 12:00am
International Industries Limited (IIL)
Exchange

International Industries Limited (IIL)

International Industries Limited (IIL) is Pakistan's largest manufacturer of steel, stainless steel and plastic pipes with an annual manufacturing capacity of 750,000 tons and annual revenues of almost Rs 17 billion. IIL was incorporated in Pakistan in 1
Published 15 Oct, 2017 12:00am
Messages from Secretary General, SMIIC

Messages from Secretary General, SMIIC

The General Secretariat of the Standards and Metrology Institute for Islamic Countries (SMIIC) has the pleasure of celebrating the World Standards Day which has been celebrated since 1970 on every October 14th to raise awareness of the importance of stand
Published 15 Oct, 2017 12:00am
Messages from Director SARSO Dhaka, Bangladesh

Messages from Director SARSO Dhaka, Bangladesh

It gives me immense pleasure that Pakistan Quality Control Authority (PSQCA) is celebrating World Standards Day in befitting manner. Each year on 14th October we celebrate world Standards day. The day is auspicious to us and reminds us to pay tribute to t
Published 15 Oct, 2017 12:00am
PSQCA celebrating the World Standards Day 2017
Exchange

PSQCA celebrating the World Standards Day 2017

Pakistan Standards & Quality Control Authority (PSQCA) like every year is observing the World Standards Day on 14th October, 2017 with a vision to raise awareness on the key aspects of standardization and promotion of quality culture by bringing in fundam
Published 15 Oct, 2017 12:00am
Interview with, Honourable Minister of State

Interview with, Honourable Minister of State

Q. Becoming the Minister for S&T is a challenging task, what would be your priorities for making the Ministry and its organization more effective?
Published 15 Oct, 2017 12:00am
Asian naphtha crack hits at eight-month high

Asian naphtha crack hits at eight-month high

Asia's naphtha crack hit an eight month high of $104.28 a tonne on Thursday, supported by strong demand as petrochemical makers rely heavily on the fuel in the absence of cheaper alternative liquefied petroleum gas (LPG) feedstock. Taiwan's Formosa Petroc
Published 15 Oct, 2017 12:00am
Palm oil edges up on European vegoils market
Vegetable Oil

Palm oil edges up on European vegoils market

Palm oil on the European vegetable oils market was offered mostly firmer on Thursday, tracking gains in Malaysian palm oil futures that were buoyed by technical buying. Asking prices for palm oil were mostly between unchanged and $7.50 a tonne higher afte
Published 15 Oct, 2017 12:00am
Asian coffee markets remain muted ahead of harvest

Asian coffee markets remain muted ahead of harvest

Asian coffee markets remained muted ahead of an expected harvest season in Vietnam next month, while Indonesia focussed only on existing contracts, traders said on Thursday. Tracking losses in London prices, farmers in Daklak, Vietnam's main coffee-growin
Published 15 Oct, 2017 12:00am
US FOB Gulf soyabean bids rise to one week high

US FOB Gulf soyabean bids rise to one week high

Basis bids for soyabeans shipped by barge to the US Gulf Coast rose to a one-week high early on Thursday on tight spot supplies, but later pared those gains after surging futures prices triggered active farmer sales, traders said. The US Department of Agr
Published 15 Oct, 2017 12:00am
Brazil's 2017-2018 grain output may drop due to poor weather
Cotton

Brazil's 2017-2018 grain output may drop due to poor weather

Brazilian farmers will likely produce a smaller amount of corn and soya in the 2017/18 season due to less favourable weather than the prior crop year, food supply and statistics agency Conab said on Tuesday. In its first forecast for the 2017/18 crop, Con
Published 15 Oct, 2017 12:00am
Vietnam's rice prices up on low supply

Vietnam's rice prices up on low supply

Low supplies boosted rice prices in Vietnam this week amid prospects of fresh purchase interest from the Philippines, while deals with Bangladesh remained the sole bright spot for the otherwise subdued demand in top Asian exporters. Traders in Vietnam quo
Published 15 Oct, 2017 12:00am
Cotton market High inflows of phutti push rates down
Cotton

Cotton market High inflows of phutti push rates down

Rising trend in phutti arrivals pushed the rates down on the cotton market on Saturday in the process of moderate trading, dealers said. The official spot rate lost Rs 50 to Rs 6100, they said. In the ready session, over 25,000 bales of cotton changed han
Published 15 Oct, 2017 12:00am
Brazilian cane crush, sugar output down in late September

Brazilian cane crush, sugar output down in late September

Brazil's center-south region, the world's largest producer of sugar, cut cane crushing and output of the sweetener late in September as the crop entered its final stage, cane industry group Unica said on Tuesday. Brazil's main cane belt produced 2.848 mil
Published 15 Oct, 2017 12:00am
US natural gas futures jump on rising heating demand

US natural gas futures jump on rising heating demand

US natural gas futures on Thursday jumped to their highest close this month on forecasts for increased heating demand next week amid falling production due to disruptions caused by Hurricane Nate in the Gulf of Mexico. Traders said prices also rose becaus
Published 15 Oct, 2017 12:00am
Tunisia buys soft wheat, durum, feed barley

Tunisia buys soft wheat, durum, feed barley

Tunisia's state grains agency purchased about 50,000 tonnes of soft milling wheat, 75,000 tonnes of durum wheat and 50,000 tonnes of feed barley in an international tender which closed on Thursday, European traders said. The grains can all be sourced from
Published 15 Oct, 2017 12:00am
Indonesia's August palm oil output, exports rise
Vegetable Oil

Indonesia's August palm oil output, exports rise

Indonesia's crude palm oil exports likely rose in August, a Reuters survey showed, as output increased and inventory levels of rival oils probably fell. Crude palm oil (CPO) exports from the world's top producer of the vegetable oil likely rose to 2.7 mil
Published 15 Oct, 2017 12:00am
CBOT wheat futures lower on bearish USDA stocks view

CBOT wheat futures lower on bearish USDA stocks view

Chicago Board of Trade wheat futures closed lower on Thursday after a back-and-forth session, pressured by larger-than-expected domestic and global wheat ending stocks forecasts from the US Department of Agriculture, traders said. CBOT December soft red w
Published 15 Oct, 2017 12:00am
Shanghai steel futures jump nearly 3 percent
Exchange

Shanghai steel futures jump nearly 3 percent

Shanghai steel futures jumped nearly 3 percent on Thursday after China's top steelmaking city ordered mills to reduce output a month ahead of schedule to meet air quality targets as the country battles smog. Strong steel prices helped lift steelmaking raw
Published 15 Oct, 2017 12:00am
European gasoline margins edge higher despite shaky exports

European gasoline margins edge higher despite shaky exports

Gasoline refining margins in northwest Europe edged higher on Thursday despite surprise build in US gasoline stocks. US gasoline stocks rose by 2.5 million barrels, versus forecasts for 480,000-barrel drop, extending losses in US gasoline futures and send
Published 15 Oct, 2017 12:00am
China buys rare LNG cargo from Norway

China buys rare LNG cargo from Norway

China has bought a rare cargo of liquefied natural gas (LNG) from Norway, Reuters shipping data shows, the latest sign that the world's second-largest economy has rushed to increase spot purchases to ensure fuel supplies ahead of the coming winter. Trade
Published 15 Oct, 2017 12:00am
Euronext wheat flat after four-week low
Exchange

Euronext wheat flat after four-week low

Euronext wheat ended flat on Thursday, steadying after an earlier four-week low, as a rally in Chicago soybeans following US government crop forecasts lent support to cereals. December milling wheat on Paris-based Euronext settled unchanged on the day at
Published 15 Oct, 2017 12:00am
Fed 'should defend' inflation target or risk losing credibility: Bullard

Fed 'should defend' inflation target or risk losing credibility: Bullard

The Fed needs to mount a clear defence of its 2 percent inflation target and stop raising rates until the pace of price increases strengthens, St. Louis Fed President James Bullard said on Thursday. The central bank risks losing credibility, and perhaps t
Published 15 Oct, 2017 12:00am
IMF calls on Latin America to fight corruption

IMF calls on Latin America to fight corruption

Latin American and Caribbean governments need to crack down on corruption in order to make their economies more durable and the benefits of growth more widespread, the International Monetary Fund said Friday. High levels of corruption correlate with high
Published 15 Oct, 2017 12:00am
Qatar deflation deepens as real estate market weakens

Qatar deflation deepens as real estate market weakens

Qatar's consumer price deflation deepened in September as a downturn in the real estate market deepened because of economic sanctions imposed by other Arab states, official data showed on Saturday. Consumer prices fell 0.5 percent from a year earlier last
Published 15 Oct, 2017 12:00am
B&N Bank rescue plan approved

B&N Bank rescue plan approved

Russia's central bank has approved a rescue plan for B&N Bank, including a capital increase and liquidity support, the regulator said on Saturday, without saying how much the financial assistance would cost. B&N was the second private bank rescued by the
Published 15 Oct, 2017 12:00am
Serbia plans 10 percent pay rise for doctors, teachers

Serbia plans 10 percent pay rise for doctors, teachers

Serbia will increase wages for doctors, teachers and army officers by 10 percent from January next year, Prime Minister Ana Brnabic said on Saturday. Presenting the results of the first three months of her government, Brnabic said pensions will increase b
Published 15 Oct, 2017 12:00am
Vauxhall to cut 400 jobs

Vauxhall to cut 400 jobs

Britain's Vauxhall cars, which was this summer taken over by French automaker PSA, is planning to cut 400 jobs at one of its factories by the end of the year, a PSA spokesman said Friday. The voluntary redundancies planned for the Ellesmere Port plant in
Published 15 Oct, 2017 12:00am
Mongolia coal exports cool
Currency

Mongolia coal exports cool

Mongolia's coal exports, which have helped lift its slow-growing economy this year, are losing steam, according to trade data. In the first nine months of the year, exports earned $1.73 billion, or more than double the same period of 2016, data posted by
Published 15 Oct, 2017 12:00am
Dutch slam Windows 10 for breaking privacy laws

Dutch slam Windows 10 for breaking privacy laws

Dutch authorities claim Microsoft's Windows 10 operating system is violating data protection and privacy laws, and warned they may impose fines on the US technology giant. "Microsoft breaches the Dutch data protection law by processing personal data of pe
Published 15 Oct, 2017 12:00am
Airbnb targets business travellers to France

Airbnb targets business travellers to France

Business travellers to France are in the sights of online rental marketplace Airbnb, according to a senior official on Thursday at the company best known for hosting holidaymakers. Airbnb For Business was launched in 2015 for companies looking for new and
Published 15 Oct, 2017 12:00am
GM reaches tentative deal with striking Canada workers

GM reaches tentative deal with striking Canada workers

General Motors Co said on Friday it reached a tentative labour agreement with striking workers at its CAMI plant in Canada, ending an almost month-old dispute. Some 2,500 workers at the CAMI plant in Ingersoll, in southern Ontario, walked off the job on S
Published 15 Oct, 2017 12:00am
BoJ's Kuroda says no signs of excesses building in markets
Currency

BoJ's Kuroda says no signs of excesses building in markets

Bank of Japan Governor Haruhiko Kuroda said on Friday he did not see any signs of bubbles or excesses building up in US, European and Japanese markets as a result of heavy money printing by their central banks. Kuroda also dismissed some analysts' critici
Published 15 Oct, 2017 12:00am
Foreigners trim holdings of Asian equities in September
Exchange

Foreigners trim holdings of Asian equities in September

Foreign investors sold Asian equities for the third straight month in September as a rising US dollar and the appeal of rallying US stocks spurred them to lighten portfolios in the region. Data from seven Asian exchanges showed foreign investors sold abou
Published 15 Oct, 2017 12:00am
Geopolitical risks haven't hurt foreign appetite for South Korean bonds

Geopolitical risks haven't hurt foreign appetite for South Korean bonds

South Korea has seen a stable flow of foreign investment into local government bonds this week, including from central banks, even as political tensions around North Korea persist, a finance ministry official said on Thursday. "There is a continued influx
Published 15 Oct, 2017 12:00am
Geopolitical risks haven't hurt foreign appetite for South Korean bonds

Geopolitical risks haven't hurt foreign appetite for South Korean bonds

South Korea has seen a stable flow of foreign investment into local government bonds this week, including from central banks, even as political tensions around North Korea persist, a finance ministry official said on Thursday. "There is a continued influx
Published 15 Oct, 2017 12:00am
Resources, financials drive TSX to fifth week of gains
Exchange

Resources, financials drive TSX to fifth week of gains

Canada's main stock index climbed for the fifth straight week on Friday as bank stocks advanced and shares of energy and resource companies rose alongside oil and gold prices. The energy sector gained 0.6 percent as oil prices were lifted by strong Chines
Published 15 Oct, 2017 12:00am
Earnings, economic optimism to drive East Asian stocks higher

Earnings, economic optimism to drive East Asian stocks higher

East Asia's stock market bull run is expected to continue for the rest of this year and into next, driven by optimism about economic growth and better company earnings, a Reuters poll showed, bucking concerns that shares remain expensive. A Reuters survey
Published 15 Oct, 2017 12:00am
Treasuries outlook: yields drop as inflation data disappoints

Treasuries outlook: yields drop as inflation data disappoints

US Treasury yields fell to two-week lows on Friday after consumer price data showed still benign inflation, disappointing investors who had expected it to improve. Excluding the volatile food and energy components, consumer prices gained 0.1 percent in Se
Published 15 Oct, 2017 12:00am
Treasuries outlook: yields drop as inflation data disappoints

Treasuries outlook: yields drop as inflation data disappoints

US Treasury yields fell to two-week lows on Friday after consumer price data showed still benign inflation, disappointing investors who had expected it to improve. Excluding the volatile food and energy components, consumer prices gained 0.1 percent in Se
Published 15 Oct, 2017 12:00am
India raises $1.5 billion in IPO of reinsurer GIC Re

India raises $1.5 billion in IPO of reinsurer GIC Re

The Indian government raised about 98 billion rupees ($1.5 billion) on Friday by selling some of its shares in General Insurance Corp of India (GIC Re), the nation's top reinsurer, in the country's biggest listing in seven years. The funds could be critic
Published 15 Oct, 2017 12:00am
India raises $1.5 billion in IPO of reinsurer GIC Re

India raises $1.5 billion in IPO of reinsurer GIC Re

The Indian government raised about 98 billion rupees ($1.5 billion) on Friday by selling some of its shares in General Insurance Corp of India (GIC Re), the nation's top reinsurer, in the country's biggest listing in seven years. The funds could be critic
Published 15 Oct, 2017 12:00am
German bond yields hit near three-week low

German bond yields hit near three-week low

German bond yields fell to their lowest level in almost three weeks on Friday after a Reuters report that European Central Bank policymakers had broadly agreed to extend their bond-buying scheme into next year while scaling it back. Disappointing US infla
Published 15 Oct, 2017 12:00am
German bond yields hit near three-week low

German bond yields hit near three-week low

German bond yields fell to their lowest level in almost three weeks on Friday after a Reuters report that European Central Bank policymakers had broadly agreed to extend their bond-buying scheme into next year while scaling it back. Disappointing US infla
Published 15 Oct, 2017 12:00am
Russian stocks to recover losses by year-end

Russian stocks to recover losses by year-end

Russian stocks are seen rising around 2 percent from current levels in the last quarter of 2017 to erase losses made earlier this year, driven by higher oil prices and a recovery in the Russian economy. Russia's stock market has been volatile in recent ye
Published 15 Oct, 2017 12:00am
First spending boost in years set to pad tech stock earnings

First spending boost in years set to pad tech stock earnings

The first global increase in corporate spending since 2012 will likely boost the earnings of technology companies outside of the so-called FAANG group of Facebook Inc, Amazon.com Inc, Apple Inc , Netflix Inc and Google, adding momentum to a 25 percent ral
Published 15 Oct, 2017 12:00am
China new yuan loans rise more than expected in September

China new yuan loans rise more than expected in September

Chinese banks extended more loans than expected in September, buoyed by demand from home buyers and companies, even as the government tightened the screws to wean the economy off its years-long addiction to cheap debt. September loan data released on Satu
Published 15 Oct, 2017 12:00am
J.P Morgan open to digital money if regulated
Currency

J.P Morgan open to digital money if regulated

J.P Morgan Chase is "very open minded" on the future potential use of digital currencies if they are properly regulated, the bank's chief financial officer said Thursday. Chief financial officer Marianne Lake praised the potential of the new technologies,
Published 15 Oct, 2017 12:00am
J.P Morgan open to digital money if regulated
Currency

J.P Morgan open to digital money if regulated

J.P Morgan Chase is "very open minded" on the future potential use of digital currencies if they are properly regulated, the bank's chief financial officer said Thursday. Chief financial officer Marianne Lake praised the potential of the new technologies,
Published 15 Oct, 2017 12:00am
Latam currencies to weaken slowly

Latam currencies to weaken slowly

Latin American currencies will slowly weaken in coming months as global central banks try to drive up inflation by keeping interest rates low, a Reuters poll found on Thursday. The survey highlights how rich countries struggling to spur growth and inflati
Published 15 Oct, 2017 12:00am
Canadian dollar dips
Currency

Canadian dollar dips

The Canadian dollar edged lower against its US counterpart on Friday as an uncertain outlook for the North American Free Trade Agreement offset higher oil prices. The Trump administration demanded that US-made content account for half the value of the car
Published 15 Oct, 2017 12:00am
Dollar regains ground after hit from disappointing inflation data

Dollar regains ground after hit from disappointing inflation data

The dollar was little changed against a basket of currencies on Friday, shaking off early weakness, after data showed US consumer prices rose less than expected in September, pointing to muted inflation that could worry Federal Reserve officials. The Labo
Published 15 Oct, 2017 12:00am
Argentina likely to sell euro-denominated bonds

Argentina likely to sell euro-denominated bonds

Argentina expects to issue $2.6 billion in bonds "most likely" denominated in euros by late October or early November, Finance Minister Luis Caputo said on Wednesday. Caputo said last month Argentina would come to market with two more bond issues this yea
Published 15 Oct, 2017 12:00am
Argentina likely to sell euro-denominated bonds

Argentina likely to sell euro-denominated bonds

Argentina expects to issue $2.6 billion in bonds "most likely" denominated in euros by late October or early November, Finance Minister Luis Caputo said on Wednesday. Caputo said last month Argentina would come to market with two more bond issues this yea
Published 15 Oct, 2017 12:00am
Speculators trim bearish bets on dollar
Currency

Speculators trim bearish bets on dollar

Speculators trimmed their bearish bets on the US dollar for a second straight week but retained a significantly negative bias against the greenback, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The
Published 15 Oct, 2017 12:00am
Defiance in Britain over new £1 coin as deadline looms
Currency

Defiance in Britain over new £1 coin as deadline looms

Britain's old one-pound coin is being phased out completely on Sunday but businesses complain they have been given too little time to switch to the new one and many are planning to defy the deadline. Around 1.2 billion old round coins have been withdrawn
Published 15 Oct, 2017 12:00am
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