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Print - 2017-12-03
Punjab government, protesters reach agreement to end sit-in

Punjab government, protesters reach agreement to end sit-in

Tehreek-i-Labbaik Ya Rasool Allah (TLYRA) leader Dr Ashraf Asif Jalali on Saturday ended their sit-in that began on November 25 on the Mall. Talking to the media at the sit-in place late Friday night, Dr Ashraf Jalali said that they were ending up their s
Published 03 Dec, 2017 12:00am
Punjab government, protesters reach agreement to end sit-in

Punjab government, protesters reach agreement to end sit-in

Tehreek-i-Labbaik Ya Rasool Allah (TLYRA) leader Dr Ashraf Asif Jalali on Saturday ended their sit-in that began on November 25 on the Mall. Talking to the media at the sit-in place late Friday night, Dr Ashraf Jalali said that they were ending up their s
Published 03 Dec, 2017 12:00am
Dar moves IHC

Dar moves IHC

Finance minister Ishaq Dar on Saturday approached Islamabad High Court (IHC) after an accountability court declared him a fugitive and non-bailable arrest warrant was issued in an assets beyond means case against him earlier. Reportedly, the federal minis
Published 03 Dec, 2017 12:00am
Dar moves IHC

Dar moves IHC

Finance minister Ishaq Dar on Saturday approached Islamabad High Court (IHC) after an accountability court declared him a fugitive and non-bailable arrest warrant was issued in an assets beyond means case against him earlier. Reportedly, the federal minis
Published 03 Dec, 2017 12:00am
Maryam, Hamza now part of PML-N CEC

Maryam, Hamza now part of PML-N CEC

Maryam Nawaz and Hamza Shahbaz have been included in the central executive committee of Pakistan Muslim League-Nawaz as its members. Aaj News reported on Saturday night that PML-N's 27-members new CEC was announced by the party leadership. Former federal
Published 03 Dec, 2017 12:00am
Maryam, Hamza now part of PML-N CEC

Maryam, Hamza now part of PML-N CEC

Maryam Nawaz and Hamza Shahbaz have been included in the central executive committee of Pakistan Muslim League-Nawaz as its members. Aaj News reported on Saturday night that PML-N's 27-members new CEC was announced by the party leadership. Former federal
Published 03 Dec, 2017 12:00am
'Minus-one formula' fails test: Nawaz

'Minus-one formula' fails test: Nawaz

Ex-prime minister Nawaz Sharif on Saturday claimed that anti-Nawaz Sharif minus-one formula has failed and that the people of Pakistan have instead added a plus to the equation speaking out in his favour. Addressing a rally at Ayub Stadium on the 44th dea
Published 03 Dec, 2017 12:00am
'Minus-one formula' fails test: Nawaz

'Minus-one formula' fails test: Nawaz

Ex-prime minister Nawaz Sharif on Saturday claimed that anti-Nawaz Sharif minus-one formula has failed and that the people of Pakistan have instead added a plus to the equation speaking out in his favour. Addressing a rally at Ayub Stadium on the 44th dea
Published 03 Dec, 2017 12:00am
Agriculture Directorate attack: nine suspects arrested in Peshawar

Agriculture Directorate attack: nine suspects arrested in Peshawar

Counter Terrorism Department (CTD) has registered an FIR of terrorists attack at Peshawar Agriculture Directorate, in which nine people were martyred and dozens injured. CCTV videos from various locations have also been gathered. The authorities have also
Published 03 Dec, 2017 12:00am
Agriculture Directorate attack: nine suspects arrested in Peshawar

Agriculture Directorate attack: nine suspects arrested in Peshawar

Counter Terrorism Department (CTD) has registered an FIR of terrorists attack at Peshawar Agriculture Directorate, in which nine people were martyred and dozens injured. CCTV videos from various locations have also been gathered. The authorities have also
Published 03 Dec, 2017 12:00am
US Defence Secretary due tomorrow

US Defence Secretary due tomorrow

United States Secretary of Defence James Mattis will arrive here tomorrow (Monday) to discuss 'differences in perceptions' with Pakistan's civil and military leadership and 'seek support to defeat militants.' According to a statement issued by the US Depa
Published 03 Dec, 2017 12:00am
US Defence Secretary due tomorrow

US Defence Secretary due tomorrow

United States Secretary of Defence James Mattis will arrive here tomorrow (Monday) to discuss 'differences in perceptions' with Pakistan's civil and military leadership and 'seek support to defeat militants.' According to a statement issued by the US Depa
Published 03 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (December 02, 2017) and the forecast for Sunday (December 03, 2017).

Published 03 Dec, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 02, 2017).

Published 03 Dec, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 02, 2017)

Published 03 Dec, 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 (December 02, 2017).

Published 03 Dec, 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 (December 02, 2017).

Published 03 Dec, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 02, 2017).

Published 03 Dec, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 02, 2017).

Published 03 Dec, 2017 12:00am
THE RUPEE: rising trend
Currency

THE RUPEE: rising trend

An upward trend prevailed on the money market on Saturday as the rupee managed to gain modestly in terms of the dollar on Saturday in the process of trading, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling at Rs 107.3
Published 03 Dec, 2017 12:00am
THE RUPEE: rising trend
Currency

THE RUPEE: rising trend

An upward trend prevailed on the money market on Saturday as the rupee managed to gain modestly in terms of the dollar on Saturday in the process of trading, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling at Rs 107.3
Published 03 Dec, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 02, 2017).

Published 03 Dec, 2017 12:00am
Asian naphtha cracks fall to month low

Asian naphtha cracks fall to month low

Asia's naphtha crack fell to $119.75 a tonne on Thursday, the lowest since November 1, as there could be more supply than was expected despite recent strong demand soaking up cargoes, trade sources said. The build-up in gasoline stock levels in the US had
Published 03 Dec, 2017 12:00am
Chinese steel futures jump to 11-week high
Exchange

Chinese steel futures jump to 11-week high

Chinese steel futures jumped nearly 3 percent on Wednesday to their strongest level since mid-September as winter production curbs in the world's top steelmaker reduced traders' stockpiles to the lowest in years. Steel mills across northern China were ord
Published 03 Dec, 2017 12:00am
CBOT soyabean futures decline

CBOT soyabean futures decline

Chicago Board of Trade soyabean futures declined on Thursday, pressured by beneficial rains in Argentina's crop belt and a retreat in soyaoil futures, traders said. CBOT January soyabeans settled down 6-3/4 cents at $9.85-3/4 a bushel. CBOT January soyaoi
Published 03 Dec, 2017 12:00am
US FOB Gulf bids for corn rise

US FOB Gulf bids for corn rise

CIF bids for corn barges shipped to the US Gulf and export premiums for the yellow grain rose on Thursday, supported by tight supplies in South America, traders said. Overseas demand for corn was focused on the United States, where supplies were plentiful
Published 03 Dec, 2017 12:00am
Brazilian coffee exports to remain low

Brazilian coffee exports to remain low

Brazilian monthly coffee shipments are expected to remain below historical levels at least until the 2018/19 crop starts to reach warehouses in the world's largest exporter around June, market players and analysts told Reuters. No significant change in th
Published 03 Dec, 2017 12:00am
Indian rice prices steady; Bangladesh eyes new deal
Currency

Indian rice prices steady; Bangladesh eyes new deal

Rice prices in India were steady this week as gains in the rupee kept overseas demand muted in the top exporter, though flood-hit Bangladesh looked to procure more of the staple grain from its neighbour. Bangladesh, which has emerged as a major importer t
Published 03 Dec, 2017 12:00am
Subdued business on cotton market ahead of PCGA report
Cotton

Subdued business on cotton market ahead of PCGA report

A few deals finalised on the cotton market on Saturday as most of the mills and spinners kept on the sidelines ahead of the Pakistan Cotton Ginners Association (PCGA) fortnightly data, dealers said. The official spot rate was unchanged at Rs 6,600, they s
Published 03 Dec, 2017 12:00am
Palm oil firmer on European vegoils market
Vegetable Oil

Palm oil firmer on European vegoils market

Palm oil on the European vegetable oils market firmed on Thursday because of bargain buying in Malaysian palm oil futures and because of a mild downward correction of the ringgit. Asking prices for palm oil were mostly between $2.50 and $7.50 per tonne hi
Published 03 Dec, 2017 12:00am
Freight rates for large dry cargo ships likely to rise

Freight rates for large dry cargo ships likely to rise

Freight rates for large dry cargo ships on key Asian routes, which hit three-year highs this week, are likely to rise further on a shortage of ships available for immediate charter, brokers said. Rates for 180,000 deadweight tonne (DWT) capesize ships are
Published 03 Dec, 2017 12:00am
Ukraine completes winter grain sowing

Ukraine completes winter grain sowing

Ukraine has almost completed winter grain sowing for the 2018 harvest, leaving some area unsown because of unfavourable weather, agriculture ministry data showed on Tuesday. The ministry has said farmers planned to sow 7.2 million hectares of winter grain
Published 03 Dec, 2017 12:00am
CBOT wheat futures mostly lower

CBOT wheat futures mostly lower

Chicago Board of Trade soft red winter wheat futures closed mostly lower on Thursday as heavy deliveries on first notice day pressured the nearby December contract, traders said. Disappointing weekly US export sales data added pressure. CBOT December whea
Published 03 Dec, 2017 12:00am
European wheat futures edge higher
Exchange

European wheat futures edge higher

European wheat futures edged higher on Thursday in step with Chicago, but the recovery from contract lows earlier this week remained limited in the face of stiff export competition. March milling wheat on the Paris-based Euronext exchange unofficially clo
Published 03 Dec, 2017 12:00am
European gasoline margins decline on US worries

European gasoline margins decline on US worries

Northwest European gasoline refining margins declined on Thursday, weighed down by limited exports to the United States where stocks rose sharply last week. Gasoline stocks held in the Amsterdam-Rotterdam-Antwerp storage and refining hub fell by over 4.4
Published 03 Dec, 2017 12:00am
Brazilian soyabean output to rise as climate fears wane

Brazilian soyabean output to rise as climate fears wane

Brazilian analysts are likely to raise their soyabean output forecasts in coming weeks as climate fears have subsided and the crop is developing well, four consultancies told Reuters this week. Brazil, the world's largest exporter of the oilseed and the N
Published 03 Dec, 2017 12:00am
US natural gas futures fall on less heating demand

US natural gas futures fall on less heating demand

US natural gas futures dropped nearly 5 percent on Thursday on forecasts for less heating demand next week than previously expected and a report showing a slightly smaller-than-expected weekly storage withdrawal. The US Energy Information Administration s
Published 03 Dec, 2017 12:00am
Ping An Good Doctor readies $1 billion Hong Kong IPO

Ping An Good Doctor readies $1 billion Hong Kong IPO

China's most popular online medical platform, Ping An Good Doctor, is working with Citigroup and JPMorgan on an initial public offering of up to $1 billion, IFR reported. The deal could launch in Hong Kong in the first half of next year, the Thomson Reute
Published 03 Dec, 2017 12:00am
Ping An Good Doctor readies $1 billion Hong Kong IPO

Ping An Good Doctor readies $1 billion Hong Kong IPO

China's most popular online medical platform, Ping An Good Doctor, is working with Citigroup and JPMorgan on an initial public offering of up to $1 billion, IFR reported. The deal could launch in Hong Kong in the first half of next year, the Thomson Reute
Published 03 Dec, 2017 12:00am
China-backed AIIB eyeing Europe to debut global bond

China-backed AIIB eyeing Europe to debut global bond

The China-backed Asian Infrastructure Investment Bank (AIIB) is eyeing a Europe listing for its debut global bond. Issued in US dollars, the inaugural bond will "more likely be in Europe," AIIB Vice President Thierry de Longuemar told Reuters on Wednesday
Published 03 Dec, 2017 12:00am
China-backed AIIB eyeing Europe to debut global bond

China-backed AIIB eyeing Europe to debut global bond

The China-backed Asian Infrastructure Investment Bank (AIIB) is eyeing a Europe listing for its debut global bond. Issued in US dollars, the inaugural bond will "more likely be in Europe," AIIB Vice President Thierry de Longuemar told Reuters on Wednesday
Published 03 Dec, 2017 12:00am
Alibaba's jumbo bond deal sets sector benchmark in Asia

Alibaba's jumbo bond deal sets sector benchmark in Asia

Alibaba Group Holding Ltd's newly minted bonds rallied on Thursday after the Chinese internet firm's $7 billion multi-tranche sale attracted a blow-out response and set a precedent for rival companies to follow, analysts said. Strong demand for the sale,
Published 03 Dec, 2017 12:00am
Alibaba's jumbo bond deal sets sector benchmark in Asia

Alibaba's jumbo bond deal sets sector benchmark in Asia

Alibaba Group Holding Ltd's newly minted bonds rallied on Thursday after the Chinese internet firm's $7 billion multi-tranche sale attracted a blow-out response and set a precedent for rival companies to follow, analysts said. Strong demand for the sale,
Published 03 Dec, 2017 12:00am
Major Western banks recommend buying Russian government bonds

Major Western banks recommend buying Russian government bonds

Russian government bonds are likely to remain among the favourite picks for global investors next year, despite possible sanctions and a dip in yields in line with falling interest rates, foreign market players say. Global investors have invested heavily
Published 03 Dec, 2017 12:00am
Major Western banks recommend buying Russian government bonds

Major Western banks recommend buying Russian government bonds

Russian government bonds are likely to remain among the favourite picks for global investors next year, despite possible sanctions and a dip in yields in line with falling interest rates, foreign market players say. Global investors have invested heavily
Published 03 Dec, 2017 12:00am
India's Future Supply Chain, Shalby to launch IPOs

India's Future Supply Chain, Shalby to launch IPOs

Indian logistics provider Future Supply Chain Solution's initial public offering (IPO) of shares to raise up to 6.5 billion rupees ($100.9 million) will open this week, adding to what has been a record year for initial share sales in the country. Griffin
Published 03 Dec, 2017 12:00am
India's Future Supply Chain, Shalby to launch IPOs

India's Future Supply Chain, Shalby to launch IPOs

Indian logistics provider Future Supply Chain Solution's initial public offering (IPO) of shares to raise up to 6.5 billion rupees ($100.9 million) will open this week, adding to what has been a record year for initial share sales in the country. Griffin
Published 03 Dec, 2017 12:00am
Latam stocks post narrow gains in cautious buying
Currency

Latam stocks post narrow gains in cautious buying

Brazil's benchmark stock index ended slightly higher on Friday as investors sought buying opportunities among stocks that had fallen about 3 percent in the last three sessions on doubts about whether the country's Congress would pass a proposed overhaul o
Published 03 Dec, 2017 12:00am
TSX slips
Exchange

TSX slips

Canada's main stock index slipped on Friday, weighed down by losses among some gold miners, technology, telecom and consumer names which offset gains for energy companies as oil prices rose and Canadian Imperial Bank of Commerce's extended post-earnings r
Published 03 Dec, 2017 12:00am
US bond funds attract $6.16 billion
Mutual Funds

US bond funds attract $6.16 billion

US fund investors pumped billions into bond funds for a 51st straight week, the Investment Company Institute (ICI) said on Wednesday, underscoring the seemingly insatiable appetite for yield. Taxable-bond mutual funds and exchange-traded funds (ETFs) took
Published 03 Dec, 2017 12:00am
US bond funds attract $6.16 billion
Mutual Funds

US bond funds attract $6.16 billion

US fund investors pumped billions into bond funds for a 51st straight week, the Investment Company Institute (ICI) said on Wednesday, underscoring the seemingly insatiable appetite for yield. Taxable-bond mutual funds and exchange-traded funds (ETFs) took
Published 03 Dec, 2017 12:00am
Whipsawed by Washington, Wall Street modestly lower
Exchange

Whipsawed by Washington, Wall Street modestly lower

Wall Street fell on Friday, whipsawed by developments with a probe into Russia's alleged involvement in the US election as well as with progress on a tax bill in Congress. Major indexes ended lower after an ABC News report that former national security ad
Published 03 Dec, 2017 12:00am
Communist Hanoi gets its first McDonald's

Communist Hanoi gets its first McDonald's

Global burger behemoth McDonald's opened its first branch on Saturday in the historic heart of communist Hanoi, a conservative city renowned for its traditional - and cheap - Vietnamese staples beloved by food-obsessed locals. Hungry customers lined up fo
Published 03 Dec, 2017 12:00am
Brazil's 'chicken catchers' victims of forced labour

Brazil's 'chicken catchers' victims of forced labour

Thousands of people are victims of forced labour and inhumane work conditions in Brazil's booming meat and poultry industries, with some forced to work 20-hour days, researchers said on Thursday. Slave labour in Brazil's poultry sector is "endemic", said
Published 03 Dec, 2017 12:00am
Global powers strike deal to research before fishing Arctic seas

Global powers strike deal to research before fishing Arctic seas

Delegations from the United States, Russia, and China and other countries struck a deal on Thursday to refrain from commercial fishing in the high Arctic seas, one of world's fastest-warming places, until scientists can determine what fish are there and w
Published 03 Dec, 2017 12:00am
China cracks down on online micro-lending firms with new rules

China cracks down on online micro-lending firms with new rules

China's financial regulators on Friday circulated new rules to local governments targeting fast-growing online micro-lenders, part of a campaign to rein in a rapidly developing financial sector. Under the new rules, unlicensed organizations and individual
Published 03 Dec, 2017 12:00am
Italy financial police visit Gucci's offices in tax probe

Italy financial police visit Gucci's offices in tax probe

Italian tax police have visited the offices of fashion company Gucci for fiscal checks as part of an investigation by Milan prosecutors into suspected tax evasion, a senior source with direct knowledge of the matter said on Saturday. "Gucci confirms that
Published 03 Dec, 2017 12:00am
Russia's November oil output edges up

Russia's November oil output edges up

Russian oil output rose to 10.94 million barrels per day (bpd) in November from 10.93 million bpd in October, energy ministry data showed on Saturday. In tonnes, oil output fell to 44.782 million versus 46.23 million in October, and Russia remains in comp
Published 03 Dec, 2017 12:00am
New York Times cuts number of free articles on website

New York Times cuts number of free articles on website

The New York Times on Friday reduced the number of free articles it will offer most non-subscribers to five from 10 in an effort to make more money from readers. The change is aimed at increasing subscription revenue as readers flock to the website for ne
Published 03 Dec, 2017 12:00am
S&P raises Bulgaria's sovereign credit rating to BBB-minus
Currency

S&P raises Bulgaria's sovereign credit rating to BBB-minus

Credit ratings agency Standard & Poor's raised its sovereign rating for Bulgaria to BBB-minus from BB-plus on Friday, citing the Balkan country's improving external metrics, expansion of exports and rise in domestic savings. S&P said in a statement that B
Published 03 Dec, 2017 12:00am
S&P raises Bulgaria's sovereign credit rating to BBB-minus
Currency

S&P raises Bulgaria's sovereign credit rating to BBB-minus

Credit ratings agency Standard & Poor's raised its sovereign rating for Bulgaria to BBB-minus from BB-plus on Friday, citing the Balkan country's improving external metrics, expansion of exports and rise in domestic savings. S&P said in a statement that B
Published 03 Dec, 2017 12:00am
Booming orders help UK factories to best month since 2013

Booming orders help UK factories to best month since 2013

British factories enjoyed their best month in more than four years in November, suggesting manufacturing will give a boost to the country's otherwise sluggish economy going into 2018, a survey showed on Friday. The IHS Markit/CIPS UK Manufacturing Purchas
Published 03 Dec, 2017 12:00am
India's Infosys taps Capgemini executive Parekh as CEO

India's Infosys taps Capgemini executive Parekh as CEO

Infosys, India's No.2 IT services company, named Salil S Parekh as chief executive on Saturday, picking an outsider for the job for a second time and handing him the twin challenges of reviving growth and forging peace between its founders and board follo
Published 03 Dec, 2017 12:00am
November mixed for US sales as automakers hike discounts

November mixed for US sales as automakers hike discounts

Major automakers posted mixed US November new vehicle sales on Friday and predicted a competitive December as they rush to sell vehicles and boost their 2017 numbers before the year comes to an end. Automakers are trying to sell down 2017 model year vehic
Published 03 Dec, 2017 12:00am
Greece finalises deal with lenders over coal-fired plants

Greece finalises deal with lenders over coal-fired plants

Greece has finalised a deal with its official creditors on the coal-fired plants the country will sell to comply with an EU court ruling, Greek Energy Minister George Stathakis said on Friday. The issue was at the top of the agenda of talks between Greece
Published 03 Dec, 2017 12:00am
Bahrain reaffirms dollar peg, says economy robust after S&P cut
Currency

Bahrain reaffirms dollar peg, says economy robust after S&P cut

S&P Global Ratings lowered Bahrain's long-term foreign and local currency sovereign credit ratings to 'B+' from 'BB-' on Friday, prompting Bahrain's central bank to reaffirm the country's currency peg to the US dollar. S&P Global Ratings said the rating c
Published 03 Dec, 2017 12:00am
Bahrain reaffirms dollar peg, says economy robust after S&P cut
Currency

Bahrain reaffirms dollar peg, says economy robust after S&P cut

S&P Global Ratings lowered Bahrain's long-term foreign and local currency sovereign credit ratings to 'B+' from 'BB-' on Friday, prompting Bahrain's central bank to reaffirm the country's currency peg to the US dollar. S&P Global Ratings said the rating c
Published 03 Dec, 2017 12:00am
Fed officials fret over yield curve, warn on pace of hikes

Fed officials fret over yield curve, warn on pace of hikes

Two Federal Reserve policymakers urged caution in raising interest rates on Friday, saying that the flattening of the yield curve was a signal that the central bank should proceed slowly. The Fed is likely to raise interest rates when it meets in December
Published 03 Dec, 2017 12:00am
Fiat Chrysler CEO says in talks with Hyundai on tech partnership

Fiat Chrysler CEO says in talks with Hyundai on tech partnership

Fiat Chrysler Automobiles is in talks with South Korea's Hyundai about a technical partnership, but there are no merger talks between the two, FCA Chief Executive Sergio Marchionne said on Saturday. FCA is often the subject of merger speculation, especial
Published 03 Dec, 2017 12:00am
Malaysia agrees to extend oil output cuts until end-2018

Malaysia agrees to extend oil output cuts until end-2018

Malaysia will extend its oil production cuts until the end of 2018, in line with its commitment to reduce global supply as part of a deal struck between Opec and other global oil producers. Opec and non-Opec producers led by Russia agreed on Thursday to e
Published 03 Dec, 2017 12:00am
Exxon merging oil refining and marketing units

Exxon merging oil refining and marketing units

Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring under Chief Executive Darren Woods. Neil Chapman, the head of its global chemicals operations, was named to the
Published 03 Dec, 2017 12:00am
General Electric lays off workers at power business in New York

General Electric lays off workers at power business in New York

General Electric Co said on Friday it was laying off workers at its power division in Schenectady, New York, as it tries to reduce costs after a steep profit drop at the division. GE declined to disclose the number of workers affected. A report by local A
Published 03 Dec, 2017 12:00am
Activists occupy Paris Apple store over EU tax dispute

Activists occupy Paris Apple store over EU tax dispute

About a hundred activists occupied an Apple store in the French capital Saturday, demanding that the US technology giant pay billions of euros the EU says it owes in back taxes. The members from Attac, a group that seeks alternatives to unbridled globalis
Published 03 Dec, 2017 12:00am
American Air reaches deal with pilots over scheduling error

American Air reaches deal with pilots over scheduling error

American Airlines has reached an agreement with its pilots union over premium pay for some December flights, both groups said on Friday, after a scheduling snafu gave too many pilots holiday time off and sent the airline scrambling to correct its mistake.
Published 03 Dec, 2017 12:00am
Norway's currency hits nine-year low vs euro
Currency

Norway's currency hits nine-year low vs euro

Norway's crown currency hit its weakest level against the euro since the 2008 financial crisis following the release of weaker-than-expected October retail sales and credit growth data on Thursday. At 0740 GMT, the crown traded at 9.9045 against the euro,
Published 03 Dec, 2017 12:00am
Canadian dollar rallies the most in 21 months on jobs surge
Currency

Canadian dollar rallies the most in 21 months on jobs surge

The Canadian dollar scored its biggest gain in 21 months against its US counterpart on Friday, after stronger-than-expected domestic jobs data fueled expectations for further Bank of Canada interest rate hikes early next year. Canadian employment rose 79,
Published 03 Dec, 2017 12:00am
Efforts to hurt Qatar's riyal may backfire on region
Currency

Efforts to hurt Qatar's riyal may backfire on region

Some Arab states are trying to destabilise Qatar's riyal but efforts to drive down its value could backfire by hurting other dollar-linked currencies in the region, a Qatari central banker said. Khalid Alkhater, currently in Britain on leave from the cent
Published 03 Dec, 2017 12:00am
Dollar slumps against basket of currencies
Currency

Dollar slumps against basket of currencies

The greenback slipped against a basket of currencies on Friday after ABC News reported that Michael Flynn, a former adviser to US President Donald Trump, said he was prepared to testify that Trump directed him to make contact with the Russians when he was
Published 03 Dec, 2017 12:00am
Speculators raise short US dollar bets to largest since late October

Speculators raise short US dollar bets to largest since late October

Speculators' net short dollar bets rose to their largest in roughly more than a month, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net short dollar positions, derived from net pos
Published 03 Dec, 2017 12:00am
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