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Mar 25, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-11-03
Corn rises

Corn rises

US corn futures climbed to a one-week high on Thursday on improving export demand, although gains were limited by reports of higher-than-anticipated US harvest yields. Soyabeans rose for a second day and notched a two-week high as expectations of lower US
Published 03 Nov, 2017 12:00am
Amid soaring profits, Facebook vows to curb abuse
Kerb

Amid soaring profits, Facebook vows to curb abuse

Facebook on Wednesday reported that profits leapt on booming revenue from online ads in the third quarter, topping investor forecasts and buoying shares already at record highs. The leading social network said it made a profit of $4.7 billion in the quart
Published 03 Nov, 2017 12:00am
Chabahar, Gwadar ports complementary to each other: FO
Exchange

Chabahar, Gwadar ports complementary to each other: FO

The Foreign Office Thursday downplayed the Iran, India and Afghanistan's endeavour to apparently use Iranian Port Chabahar for bilateral trade, saying Pakistan does not regard it as an alliance against the country and the China-Pakistan Economic Corridor
Published 03 Nov, 2017 12:00am
Chabahar, Gwadar ports complementary to each other: FO
Exchange

Chabahar, Gwadar ports complementary to each other: FO

The Foreign Office Thursday downplayed the Iran, India and Afghanistan's endeavour to apparently use Iranian Port Chabahar for bilateral trade, saying Pakistan does not regard it as an alliance against the country and the China-Pakistan Economic Corridor
Published 03 Nov, 2017 12:00am
Chabahar, Gwadar ports complementary to each other: FO
Exchange

Chabahar, Gwadar ports complementary to each other: FO

The Foreign Office Thursday downplayed the Iran, India and Afghanistan''s endeavour to apparently use Iranian Port Chabahar for bilateral trade, saying Pakistan does not regard it as an alliance against the country and the China-Pakistan Economic Corridor
Published 03 Nov, 2017 12:00am
Chabahar, Gwadar ports complementary to each other: FO
Exchange

Chabahar, Gwadar ports complementary to each other: FO

The Foreign Office Thursday downplayed the Iran, India and Afghanistan''''s endeavour to apparently use Iranian Port Chabahar for bilateral trade, saying Pakistan does not regard it as an alliance against the country and the China-Pakistan Economic Corrid
Published 03 Nov, 2017 12:00am
Price stability and inflation

Price stability and inflation

According to the latest data released by the Pakistan Bureau of Statistics (PBS), prices in the country continue to increase at a steady pace. Consumer Price Index (CPI), which tracks the prices of around 480 commodities every month in urban centres acros
Published 03 Nov, 2017 12:00am
A century of suffering

A century of suffering

Thursday, November 2, was exactly one hundred years since the announcement of the fateful Balfour Declaration by the British government. Coming shortly before the end of World War I in 1918, it declared support for the establishment of a "national home fo
Published 03 Nov, 2017 12:00am
Draft law of National Tax Tribunal - I

Draft law of National Tax Tribunal - I

"...the raison d'être of establishing special tribunals has been to dispense better quality of justice where people, better trained in particular fields and disciplines could provide quality decisions and resolution of disputes. ... Appointing members to
Published 03 Nov, 2017 12:00am
Hybrid warfare against corruption

Hybrid warfare against corruption

Anti-money laundering and countering financing of terrorism (AML/CFT) in line with Pakistan's action plan agreed with Financial Action Task Force (FATF), continues to be a serious problem. The October 31 World Economic Forum's (WEF) "Partnering Against Co
Published 03 Nov, 2017 12:00am
Donald Trump upends White House in first chaotic year

Donald Trump upends White House in first chaotic year

The year since Donald Trump's election has revealed a president thirsty for acclaim, consumed by grievance and - for better or worse - realizing his promise to shatter the norms of office.
Published 03 Nov, 2017 12:00am
Sharifs still have a future

Sharifs still have a future

This is apropos a Business Recorder op-ed "Whither is the Nawaz League bound?" carried by the newspaper yesterday. The writer, Saida Fazal, has argued that "meanwhile, the question agitating the minds of his party men is this, who is to lead them i
Updated 03 Nov, 2017 01:25pm
Business for 48th session of NA discussed

Business for 48th session of NA discussed

The House Business Advisory Committee of the National Assembly met in Parliament House, today with Speaker Sardar Ayaz Sadiq in the chair to discuss the business for the 48th session of the National Assembly. The meeting discussed the agenda and ways to r
Published 03 Nov, 2017 12:00am
Zong upgrades network to 100 Gbps

Zong upgrades network to 100 Gbps

In order to keep up with its fast rising subscriber base, Zong 4G has successfully expanded its backbone transmission network from multiples of 10Gbps to 100Gbps. Operating the country's largest 4G network, this large-scale upgrade allows the company to m
Published 03 Nov, 2017 12:00am
Opposition parties slam government over hike in POL prices

Opposition parties slam government over hike in POL prices

Opposition parties in National Assembly on Thursday lambasted the government over recent hike in petroleum products prices, terming it a burden on the poor. Speaking on a point of order, Leader of Opposition in the National Assembly Syed Khursheed Shah sa
Published 03 Nov, 2017 12:00am
Panel takes up policy guidelines for LPG prices

Panel takes up policy guidelines for LPG prices

The newly-constituted 7-member LPG pricing committee met Thursday to discuss the guidelines for Oil and Gas Regulatory Authority (Ogra) for implementation of LPG prices across the country, sources said. Director General of Liquefied Gases (LGs) Ministry o
Published 03 Nov, 2017 12:00am
LTC to operate shuttle service for Raiwand congregation

LTC to operate shuttle service for Raiwand congregation

Lahore Transport Company in cooperation with private transport operators will ply exclusive operation of shuttle service comprising 25 mini buses in order to facilitate the commuters during first phase of Raiwand congregation (Ijtima). Mini buses will ope
Published 03 Nov, 2017 12:00am
Three arrested with weapons

Three arrested with weapons

Three suspects were apprehended by Rangers during separate raids and recovered arms, ammunitions, snatched items and drugs from their possession. According to details, the rangers on Thursday conducted search operations against culprits in different local
Published 03 Nov, 2017 12:00am
Census result: all Sindh MPAs convey reservations to Islamabad

Census result: all Sindh MPAs convey reservations to Islamabad

Members across the benches in the Sindh Assembly on Thursday sent a unanimous message with reservations to the federal government on the census outcome, saying the province population was shown 10 million less in the head count surveys.
Published 03 Nov, 2017 12:00am
Clearing activities resume in Torkham Customs Center

Clearing activities resume in Torkham Customs Center

After successful negotiation between Clearing Agents Association and the Customs officials, import and export goods clearing activities resumed in Torkham Customs Center on Thursday, which was remained suspended for 24 hours, Torkham clearing agents said.
Published 03 Nov, 2017 12:00am
MQM's ex-deputy convener Nasir Jamal joins PSP

MQM's ex-deputy convener Nasir Jamal joins PSP

Farooq Sattar got dry cleaned in one night where as the workers remained criminals if they join PSP, as if those in MQM are angels. This was stated by President PSP Anis Kaim Khani in a crowded press conference on Thursday at Pakistan House in which ex-de
Published 03 Nov, 2017 12:00am
Entry Test held for MS Nursing at LUMHS

Entry Test held for MS Nursing at LUMHS

The Entry Test for admissions in the course of MS Nursing was held on 2nd November 2017 at Peoples School of Nursing, Liaquat University of Medical & Health Sciences Jamshoro. While inspecting the arrangements of the Entry Test, the Vice chancellor LUMHS
Published 03 Nov, 2017 12:00am
Tajdar-e-Haram crosses 100 million views on YouTube

Tajdar-e-Haram crosses 100 million views on YouTube

The mega hit from Coke Studio's Season 8, Tajdar-e-Haram has broken all records for Pakistani origin content, by becoming the first song to cross one hundred million views on YouTube.
Published 03 Nov, 2017 12:00am
Research must address social issues: speakers

Research must address social issues: speakers

Speakers in a conclusion ceremony of 3-day workshop on "Research Methodology and Academic Writing" have stressed the need for university faculty to orient themselves with basic as well as latest trends in research for their career development and social u
Published 03 Nov, 2017 12:00am
BoD meets today: EOBI may send mega corruption cases to NAB
Exchange

BoD meets today: EOBI may send mega corruption cases to NAB

The board of directors meeting of the Employees' Old-age Benefits Institution (EOBI) will consider today (Friday) forwarding mega corruption cases to the National Accountability Bureau (NAB). EOBI Chairman Khaqan Murtaza said this while briefing the Publi
Published 03 Nov, 2017 12:00am
Naulong Dam delay draws PAC's ire

Naulong Dam delay draws PAC's ire

The Public Account Committee (PAC) Thursday expressed serious anger over the delay in the completion of Naulong Dam project in Balochistan and the project cost escalation, and directed the Ministry of Energy, the Power Division, and the Water and Power De
Published 03 Nov, 2017 12:00am
Ambassador briefs US senators on Pakistan's right against terrorism

Ambassador briefs US senators on Pakistan's right against terrorism

Continuing his engagement with the US Senators and Congressmen to brief them about Pakistan's right against terrorism and regional situation, Pakistan's Ambassador to the United States, Aizaz Ahmad Chaudhry, had two meetings at Capitol Hill on Wednesday.
Published 03 Nov, 2017 12:00am
KP traders demand early withdrawal of RD

KP traders demand early withdrawal of RD

Business community in Khyber Pakhtunkhwa warned to launch protest, if the federal government didn't withdraw the newly-imposed regulatory duty on the imported items forthwith. Speaking at a news conference at the chamber house here on Thursday, Sarhad Cha
Published 03 Nov, 2017 12:00am
Government has effectively tackled Pakistan's energy crisis: PM

Government has effectively tackled Pakistan's energy crisis: PM

The Petroleum Institute of Pakistan organized a day long Pakistan Oil and Gas Conference (POGC) at Islamabad's Marriot Hotel. Prime Minister Shahid Khaqan Abbasi was the chief guest on the occasion. The theme of the event was the Emerging Fuel Mix for Pak
Published 03 Nov, 2017 12:00am
PEC holds seminar on dam engineering

PEC holds seminar on dam engineering

The participants of a seminar have called for construction of new dams, asserting that being an agrarian economy, Pakistan cannot afford to waste huge amount of water resources which are depleting fast. They said that shortage of water has not only caused
Published 03 Nov, 2017 12:00am
TMUC fosters dialogue between academia, industry professionals

TMUC fosters dialogue between academia, industry professionals

The Millennium University College TMUC Pakistan in collaboration with world's leading University of Hertfordshire, School of Computing United Kingdom organized a world class symposium here on Thursday to scale alliances between Academia and industry profe
Published 03 Nov, 2017 12:00am
Dubai Islamic Bank, Shahnawaz Ltd sign agreement

Dubai Islamic Bank, Shahnawaz Ltd sign agreement

Dubai Islamic Bank, World's First Islamic Bank and Shahnawaz Pvt. Limited, authorized general distributor of Mercedes-Benz in Pakistan, have entered into a strategic alliance agreement. This initiative will help in establishing Dubai Islamic Bank Pakistan
Published 03 Nov, 2017 12:00am
'Electronic Payment Module to be operational by December'
Exchange

'Electronic Payment Module to be operational by December'

Electronic Payment Module, developed by the Pakistan Customs with the assistance of State Bank of Pakistan (SBP), will be operational by December 2017, said Collector Appraisement West. Speaking at a meeting of FPCCI standing committee on Customs agents h
Published 03 Nov, 2017 12:00am
Financial accounts CDC extends date of submission

Financial accounts CDC extends date of submission

The Central Depository Company has announced one month extension for submission of annual audited financial statements for the year FY17. As per regulations 6.8.3 of the CDC Regulations, timeline for submission of annual audited financial statement or aud
Published 03 Nov, 2017 12:00am
Entry Test held for MS Nursing at LUMHS

Entry Test held for MS Nursing at LUMHS

The Entry Test for admissions in the course of MS Nursing was held on 2nd November 2017 at Peoples School of Nursing, Liaquat University of Medical & Health Sciences Jamshoro. While inspecting the arrangements of the Entry Test, the Vice chancellor LUMHS
Published 03 Nov, 2017 12:00am
NAB arrests two senior KDA officers

NAB arrests two senior KDA officers

Abdullah, a Director of the Karachi Developmental Authority was arrested by the National Accountability Bureau (NAB), in a raid conducted at the civic agency's office on Thursday. NAB also took under-custody KDA's Director General Syed Nasir Abbas at the
Published 03 Nov, 2017 12:00am
Concern voiced over arrest of Hameed Agar

Concern voiced over arrest of Hameed Agar

President of Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik has sought the intervention of the Chairman National Accountability Bureau (NAB) to direct the sub-ordinate officials to refrain from such tactics being used to harass the h
Published 03 Nov, 2017 12:00am
Sindh Bank installs ATM at Commissioner's House

Sindh Bank installs ATM at Commissioner's House

Sindh Bank officially inaugurated its state of the art off-site ATM at the Commissioner House, Karachi, on November 2, 2017. Present at the occasion were Sindh Bank President Tariq Ahsan and the Commissioner Karachi Division Ejaz Ahmed Khan, Sindh Bank Di
Published 03 Nov, 2017 12:00am
Pakistan's middle class discussed in Washington

Pakistan's middle class discussed in Washington

A panel of development policy researchers convened at the Urban Institute in Washington D.C. on October 31st to discuss Pakistan's emerging middle class. The event was co-hosted by the Urban Institute and the Consortium for Development Policy Research, a
Published 03 Nov, 2017 12:00am
29 uplift projects worth Rs 28.094 billion approved by PDWP

29 uplift projects worth Rs 28.094 billion approved by PDWP

The meeting of the Provincial Development Working Party (PDWP) was held on Thursday presided over by Chairman Dr Shahzad Khan Bangash, Additional Chief Secretary Khyber Pakhtunkhwa on Thursday. The meeting was attended by Shahab Ali Shah Secretary P&D Dep
Published 03 Nov, 2017 12:00am
Sixth convocation of University of Wah held

Sixth convocation of University of Wah held

Sixth convocation of University of Wah was held at University Hall. Malik Muhammad Rafique Rajwana, Punjab Governor and Chancellor University of Wah was the chief guest on this occasion. A total of 350 graduates were awarded undergraduate and graduate deg
Published 03 Nov, 2017 12:00am
Visitors from Pakistan: US Congressman calls for more vetting

Visitors from Pakistan: US Congressman calls for more vetting

A top American lawmaker Thursday called for "more vetting" of people coming to the US from Pakistan, blaming the country of having large terrorist presence. President Donald Trump yesterday vowed that he will terminate the popular green card lottery after
Published 03 Nov, 2017 12:00am
Sixth ASEAN-Pakistan JSCC meeting held in Jakarta

Sixth ASEAN-Pakistan JSCC meeting held in Jakarta

The sixth meeting of ASEAN-Pakistan Joint Sectoral Cooperation Committee (APJSCC) was held at the ASEAN Secretariat in Jakarta on 2 November 2017. The meeting was co-chaired by Imtiaz Ahmad, Additional Secretary, Ministry of Foreign Affairs and Hirubalan
Published 03 Nov, 2017 12:00am
Mohmand chamber hails release of refunds to exporters

Mohmand chamber hails release of refunds to exporters

President, Mohmand Chamber of Commerce and Industries, Qaiser Khan Daudzai has termed the release of the refund payment order a good step for strengthening the national economy. In a statement issued here on Thursday, he said that besides, simplification
Published 03 Nov, 2017 12:00am
Malaysia to set up Halal food industry at Ghazi: Khattak

Malaysia to set up Halal food industry at Ghazi: Khattak

KP Chief Minister Pervez Khattak on Thursday said that Malaysia will establish Halal food industry at Ghazi, Haripur and in this regard an agreement was also signed with Canada. He was chairing a meeting on under-construction Swat Express Way at CM Secret
Published 03 Nov, 2017 12:00am
30,000 tube wells to be converted to solar power in Balochistan

30,000 tube wells to be converted to solar power in Balochistan

The federal and Balochistan governments have agreed to conduct immediate feasibilities within one month for installation of 30,000 solar tube wells by replacing the existing conventional tube wells. The decision was taken at a meeting chaired by Federal M
Published 03 Nov, 2017 12:00am
Aga Khan receives Asia Society's Game Changer Lifetime Achievement Award

Aga Khan receives Asia Society's Game Changer Lifetime Achievement Award

"Any leader of any global community hopes and prays for one thing - peace," says the Aga Khan in New York on 1 November 2017. His highness the Aga Khan received the Asia Society's Lifetime Achievement Award - the Society's most esteemed - at the organisat
Published 03 Nov, 2017 12:00am
OPC recovers 11 properties of overseas Pakistanis

OPC recovers 11 properties of overseas Pakistanis

Due to the efforts made by Overseas Pakistanis Commission (OPC) Punjab, as many as 11 Properties of expatriate Pakistanis, worth Rs 500, Million have been got retrieved from the illegal occupants during the last week.
Published 03 Nov, 2017 12:00am
Water crisis looming, Irsa warns

Water crisis looming, Irsa warns

Indus River System Authority (Irsa) on Thursday warned about looming water crisis in the country and proposed Water Accords with Afghanistan, China and Iran on the pattern of India. "Pakistan should give top priority to water reservoirs as water crisis is
Published 03 Nov, 2017 12:00am
NLC plans setting up rest areas with international standard

NLC plans setting up rest areas with international standard

In view of anticipated rise in volume of heavy vehicular traffic in wake of the China Pakistan Economic Corridor (CPEC), National Logistics Cell (NLC) has planned to establish rest areas of international standard astride national highways and CPEC routes
Published 03 Nov, 2017 12:00am
Talks on FTAs with Thailand, Turkey under way, NA told

Talks on FTAs with Thailand, Turkey under way, NA told

The negotiations for free trade agreements with Turkey and Thailand are at an advanced stage to promote the country's exports. Parliamentary Secretary Commerce, Shaza Fatima told to the National Assembly on Thursday during the question-hour session. She s
Published 03 Nov, 2017 12:00am
NTDC energizes phase-I of 500kV Port-Qasim transmission line

NTDC energizes phase-I of 500kV Port-Qasim transmission line

National Transmission and Despatch Company (NTDC) has energized first phase of 500kV double circuit quad bundle transmission line from Port Qasim power plant to interconnect with existing 500kV single circuit-1 Hub-Jamshoro transmission line. The main obj
Published 03 Nov, 2017 12:00am
PAAPAM demands withdrawal of RD on raw materials

PAAPAM demands withdrawal of RD on raw materials

A delegation of Pakistan Association of Automotive Parts & Accessories Manufacturers consisting of Sr Vice Chairman Ashraf Sheikh, and former Chairmen Muhammad Saleem and Mumshad Ali held meeting with new Federal Secretary for Industries Maroof Afzal in I
Published 03 Nov, 2017 12:00am
International moot on poultry processing concludes

International moot on poultry processing concludes

Participants of the International Conference on Poultry Processing (ICPP) said that there is no regulatory authority to check and limit the use of diseased or dead bird in vet market. There is also lack of regulations related to withdrawal of antibiotics
Published 03 Nov, 2017 12:00am
Turkish companies seek to invest in industrial estates

Turkish companies seek to invest in industrial estates

A Group of Turkish companies has shown its keen interest to invest in the industrial estates being managed by Punjab Industrial Estates Development and Management Company (PIEDMC). According to the company's spokesman, the Turkish delegation head Hayat Ki
Published 03 Nov, 2017 12:00am
British envoy for increasing two-way trade
Exchange

British envoy for increasing two-way trade

British Deputy High Commissioner, Elin Burns has discussed the matters relating to mutual trade and economic ties and called for efforts to inccrease two-way trade volume. She was speaking at a meeting with the office bearers of the Lahore Chamber of Comm
Published 03 Nov, 2017 12:00am
Minority development fund: Punjab government allocates Rs 300 million

Minority development fund: Punjab government allocates Rs 300 million

The Punjab government has allocated Rs 300 million for Minority Development Fund for upgradation of minority's worships places, minority's communities, graveyards, roads & welfare institutions in the province. These funds would be spent by the minority's
Published 03 Nov, 2017 12:00am
UHS announces BDS exam results

UHS announces BDS exam results

The University of Health Sciences (UHS) Lahore has declared the result of IInd Professional BDS annual examination 2017. A total of 726 candidates of 12 dental colleges appeared in the exam out of which 532 passed and 186 failed. Pass percentage remained
Published 03 Nov, 2017 12:00am
Enemies of development to face public wrath in 2018 polls: Shahbaz

Enemies of development to face public wrath in 2018 polls: Shahbaz

Punjab Chief Minister Shahbaz Sharif on Thursday said the elements who are enemies to the country's development will have to face public wrath in the general elections of 2018. While talking to a delegation of Pakistan Muslim League-N in London, on Thursd
Published 03 Nov, 2017 12:00am
Nawaz's return spread 'disappointment' among some people: Maryam

Nawaz's return spread 'disappointment' among some people: Maryam

Former prime minister's daughter and PML-N leader Maryam Nawaz on Thursday said that Nawaz Sharif's return has spread 'disappointment' among some people. Talking informally to media persons here on Thursday, Maryam said, "Nawaz Sharif had to come back but
Published 03 Nov, 2017 12:00am
REAP demands industry status for rice export sector
Exchange

REAP demands industry status for rice export sector

Rice Exporters Association of Pakistan (REAP) has reiterated its demand of declaring the rice export sector as new industry and providing benefits in line with other five zero rated export sectors. "Rice export sector is the second biggest foreign exchang
Published 03 Nov, 2017 12:00am
APBF asks government to cut tax ratio to keep oil prices stable

APBF asks government to cut tax ratio to keep oil prices stable

The All Pakistan Business Forum (APBF) has condemned the government for increasing prices of petroleum products up to Rs 5.19 per liter, terming it bad news for the country's economy, as this is third consecutive hike in fuel rates leading to increasing c
Published 03 Nov, 2017 12:00am
'Punjab government to initiate Rural Solid Waste Management System'

'Punjab government to initiate Rural Solid Waste Management System'

"The Punjab government is planning to initiate Rural Solid Waste Management System (RSWMP) in the rural areas with an objective to protect human health and improve quality of life. The Punjab government is very conscious about the almost non-existent syst
Published 03 Nov, 2017 12:00am
Smog problem: Kaira criticizes measures against industrial units

Smog problem: Kaira criticizes measures against industrial units

PPP Punjab President Qamar Zaman Kaira has criticized the Punjab government for strict measures against industrial units to deal with the problem of smog. He said industrial units should not be closed down to deal with the problem, as it would lead to une
Published 03 Nov, 2017 12:00am
NHC approves Rs 1.059 trillion five-year plan

NHC approves Rs 1.059 trillion five-year plan

The National Highway Council (NHC) on Thursday approved next five-year plan (2018-2023) and according to which new highways and motorways schemes worth Rs 1.059 trillion would be carried out in the country, it is learnt. Official sources revealed to Bu
Published 03 Nov, 2017 12:00am
IG USAID calls on NAB Cheif

IG USAID calls on NAB Cheif

Ann Calvaresi Barr, Inspector General, USAID led by delegation called Honorable Justice Javed Iqbal, Chairman NAB at NAB Headquarters. Imtiaz Tajwar, Deputy Chairman NAB also attended the meeting. The meeting held in a very cordial atmosphere in which mat
Published 03 Nov, 2017 12:00am
US MIDDAY: gold moves higher

US MIDDAY: gold moves higher

Gold prices rose early on Thursday, helped by a weaker dollar and lower US bond yields, as investors waited for the nomination of a new US Federal Reserve chair who could influence the pace of interest rate rises. The dollar fell and US 10-year Treasury y
Published 03 Nov, 2017 12:00am
BT Group dials up profits dip

BT Group dials up profits dip

BT Group, the British telecoms and television broadcasting group, posted a dip in profits Thursday on falling revenues at its unit providing services to businesses. Pre-tax profits edged down one percent in BT's second quarter to £666 million ($882 millio
Published 03 Nov, 2017 12:00am
Dollar slides against basket of currencies in Europe
Currency

Dollar slides against basket of currencies in Europe

The dollar slipped against a broad basket of currencies on Thursday as investors took profits after the US Federal Reserve left interest rates unchanged on Wednesday, as expected, with markets widely expecting a rate hike at its next meeting. With uncerta
Published 03 Nov, 2017 12:00am
Dollar retreats in Asia
Currency

Dollar retreats in Asia

The dollar pulled back from a 3-1/2-month high versus the yen and also fell back against the euro on Thursday, sagging ahead of a US tax bill that will be unveiled after a one-day delay. The dollar slipped 0.25 percent to 113.920 yen. It had gained about
Published 03 Nov, 2017 12:00am
FTSE surges after BoE's 'dovish' hike hits sterling
Currency

FTSE surges after BoE's 'dovish' hike hits sterling

Britain's top share index posted its biggest rise in over three months on Thursday after the Bank of England tempered investors' expectations on future rate rises, hitting the pound and lifting shares in internationally exposed companies. The BoE raised i
Published 03 Nov, 2017 12:00am
South East Asian markets: Philippines index jumps nearly 2 percent

South East Asian markets: Philippines index jumps nearly 2 percent

Philippine shares surged nearly 2 percent to a record close on Thursday, underpinned by hopes of robust economic growth in the third quarter, while other Southeast Asian markets closed lower, with Indonesia slipping from an all-time peak. The Philippine i
Published 03 Nov, 2017 12:00am
Sri Lankan stocks steady
Currency

Sri Lankan stocks steady

Sri Lankan shares closed steady on Thursday ahead of a long weekend, with investors awaiting the national budget presentation and the central bank's policy rate decision. The Colombo stock index closed 0.04 percent weaker at 6,621.47. The index rose 0.1 p
Published 03 Nov, 2017 12:00am
Earnings drag on European shares, Credit Suisse shines
Currency

Earnings drag on European shares, Credit Suisse shines

Declines in health and tech stocks weighed on European shares on Thursday following an outlook cut from Coloplast, as forecast-beating results from Credit Suisse and Danske Bank limited losses. The pan-European STOXX 600 index trended lower through the da
Published 03 Nov, 2017 12:00am
Shanghai stocks down
Mutual Funds

Shanghai stocks down

Shanghai stocks weakened on Thursday, dragged by industry and material shares, as worries resurfaced over a possible economic slowdown and tighter liquidity before year-end. The blue-chip CSI300 index was unchanged at 3,997.13 points, while the Shanghai C
Published 03 Nov, 2017 12:00am
Indian shares plunge

Indian shares plunge

Indian shares ended marginally lower on Thursday, as quarterly results from companies such as Tech Mahindra Ltd weighed, although losses were capped by gains in pharmaceutical shares, including Divi's Laboratories Ltd that rose about 16 percent. The bench
Published 03 Nov, 2017 12:00am
Australian shares lower; New Zealand up

Australian shares lower; New Zealand up

Australian shares closed marginally lower on Thursday as a rally in the materials sector due to a rise in metals prices was offset by losses in financial stocks after National Australia Bank (NAB) flagged restructuring charges. The S&P/ASX 200 index which
Published 03 Nov, 2017 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields fell on Wednesday and the yield curve was its flattest since 2007 after the Treasury Department said it would keep auction sizes steady in the coming months, despite the Federal Reserve's plan to reduce its bond holdings. The government
Published 03 Nov, 2017 12:00am
Treasury yields fall

Treasury yields fall

US Treasury yields fell on Wednesday and the yield curve was its flattest since 2007 after the Treasury Department said it would keep auction sizes steady in the coming months, despite the Federal Reserve's plan to reduce its bond holdings. The government
Published 03 Nov, 2017 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong stocks slipped on Thursday, echoing nervousness in global markets as investors waited for key policy events in the United States and what could be the Bank of England's first hike in more than 10 years. Investors also weigh the impact of a possi
Published 03 Nov, 2017 12:00am
Wall Street edges higher after Fed holds steady on rates
Exchange

Wall Street edges higher after Fed holds steady on rates

Wall Street banked modest gains on Wednesday after the US Federal Reserve kept interest rates unchanged and gave encouraging comments about the economy. The US central bank pointed to solid US economic growth and a strengthening labour market while downpl
Published 03 Nov, 2017 12:00am
Tokyo stocks hit fresh two-decade peak

Tokyo stocks hit fresh two-decade peak

Tokyo stocks rose to a fresh 21-year high Thursday, brushing aside concerns about overheating as Honda jumped more than five percent after it raised its annual profit outlook. The benchmark Nikkei 225 index gained 0.53 percent, or 119.04 points, to close
Published 03 Nov, 2017 12:00am
Gulf markets sluggish, blue chips lift Egypt index

Gulf markets sluggish, blue chips lift Egypt index

Gulf markets remained sluggish on Thursday despite activity in Dubai's Emaar Properties after its local property development arm set an indicative price range for its initial public offering (IPO) while a couple of blue chips boosted Egypt. Emaar Developm
Published 03 Nov, 2017 12:00am
US Q3 productivity fastest in three years; jobless claims fall

US Q3 productivity fastest in three years; jobless claims fall

US worker productivity increased at its fastest pace in three years in the third quarter but the trend remained moderate, suggesting that a recent acceleration in economic growth was unlikely to be sustained. Other data on Thursday showed the number of pe
Published 03 Nov, 2017 12:00am
Credit Suisse net profit soars in Q3

Credit Suisse net profit soars in Q3

Credit Suisse, Switzerland's second-biggest lender, said Thursday that its net profit soared in the third quarter as it makes progress with an ambitious restructuring and cost-cutting programme. Credit Suisse said in a statement that its bottom-line net p
Published 03 Nov, 2017 12:00am
Credit Suisse net profit soars in Q3

Credit Suisse net profit soars in Q3

Credit Suisse, Switzerland's second-biggest lender, said Thursday that its net profit soared in the third quarter as it makes progress with an ambitious restructuring and cost-cutting programme. Credit Suisse said in a statement that its bottom-line net p
Published 03 Nov, 2017 12:00am
German unemployment rock-steady at historic lows

German unemployment rock-steady at historic lows

Unemployment in Germany held steady at historic lows in October, official data showed Thursday, suggesting Europe's largest economy can look forward to continuing good health. The jobless rate stood at 5.6 percent in seasonally-adjusted terms last month,
Published 03 Nov, 2017 12:00am
Japan's ANA soars to record profit

Japan's ANA soars to record profit

Japan's top airline by passenger numbers, All Nippon Airlines, upgraded its full-year forecasts on Wednesday as profits soared to new records due to solid demand. Parent company ANA Holdings said net profits for the first-half period from April to Septemb
Published 03 Nov, 2017 12:00am
France hikes corporate taxes to meet 2017 deficit goal

France hikes corporate taxes to meet 2017 deficit goal

France said Thursday it would temporarily raise taxes on the profits of big companies in order to meet its deficit target after being hit with a hefty bill for an unlawful levy on dividends. President Emmanuel Macron's centrist government has pledged to b
Published 03 Nov, 2017 12:00am
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