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Print - 2017-12-19
Nigerian oil union suspends nationwide strike

Nigerian oil union suspends nationwide strike

A major Nigerian oil union suspended a nationwide strike on Monday, the same day it began, after a dispute resolution ended with a domestic oil and gas company recalling laid off staff, the union's president said. "Management agreed to unconditionally rec
Published 19 Dec, 2017 12:00am
PPIB bill passed: NA condemns Quetta church attack

PPIB bill passed: NA condemns Quetta church attack

The National Assembly on Monday condemned suicide attack on Bethel Memorial Methodist Church in Quetta during Sunday service and demanded the government to issue arms licenses for security of the churches. Two suicide bombers struck the church and killed
Published 19 Dec, 2017 12:00am
Furqan made Secretary Communication

Furqan made Secretary Communication

The federal government has appointed Furqan Bahadar Khan as Secretary Communication with immediate effect and the Establishment Division has also issued a notification in this respect. The government also promoted a grade-21 officer Rizwan Memon to next g
Published 19 Dec, 2017 12:00am
Bajwa to brief Senators on security issues today

Bajwa to brief Senators on security issues today

Chief of Army Staff (CoAS) General Qamar Javed Bajwa is set to take Upper House of Parliament into confidence today (Tuesday) about matters related to internal and external security, and his recent visits to Afghanistan and Iran in wake of US President Do
Published 19 Dec, 2017 12:00am
Energy, sanitation in Hyderabad deplorable

Energy, sanitation in Hyderabad deplorable

The President, Hyderabad Chamber of Small Traders and Industry, Muhammad Akram Ansari has expressed his grave concern over the frequent power breakdown, unannounced loadshedding, supply of low pressure gas, water and sewerage issues, causing great financi
Published 19 Dec, 2017 12:00am
Sindh government announces December 25 public holiday

Sindh government announces December 25 public holiday

The Sindh government has declared December 25 (Monday) as a public holiday throughout the province of Sindh to celebrate the birthday of Quaid-e-Azam Mohammed Ali Jinnah and Christmas. The holiday will be observed in all offices, autonomous, semi-autonomo
Published 19 Dec, 2017 12:00am
NHA proposes up to 8 percent increase in toll rates

NHA proposes up to 8 percent increase in toll rates

The National Highway Authority (NHA) has proposed up to 8 percent increase in toll rates for commuters using national highways and motorways, besides an additional surcharge of up to Rs 50 for cash transactions, while pleading that inflation rate has incr
Published 19 Dec, 2017 12:00am
KDA team demolishes 'illegal' constructions

KDA team demolishes 'illegal' constructions

Karachi Development Authority (KDA) on Monday demolished several constructions that were 'illegally' built on its land as well as on amenity plots, here at Gulshan-e-Iqbal, and Federal B Areas of the metropolis. Director General KDA Sami Uddin Siddiqui sa
Published 19 Dec, 2017 12:00am
Everyone must show seriousness for timely polls: Nawaz

Everyone must show seriousness for timely polls: Nawaz

Pakistan Muslim League-Nawaz (PML-N) president Nawaz Sharif on Monday said that everyone must show seriousness for timely holding of 2018 general elections. He said this while talking to Speaker National Assembly Sardar Ayaz Sadiq at his Raiwind residence
Published 19 Dec, 2017 12:00am
EAD, ADB sign two loan agreements

EAD, ADB sign two loan agreements

The Economic Affairs Division (EAD) and Asian Development Bank (ADB) have signed two loan agreements of $180 million for CAREC Corridor Development Investment Programme and $200 for Punjab Intermediate Cities Improvement Investment Project.
Published 19 Dec, 2017 12:00am
Huge cache of weapons recovered

Huge cache of weapons recovered

Rangers arrested three suspects and recovered a huge cache of arms and ammunition from Karachi's Rizvia Society on Monday. Pakistan Rangers Sindh, according to their spokesperson, arrested Azam Abbas, Amir Abbas and Asif. The suspects were involved in ill
Published 19 Dec, 2017 12:00am
Gwadar Port to become operational next month: Bizenjo

Gwadar Port to become operational next month: Bizenjo

Gwadar Port will be formally operational and open to the world by end of next month and there will first international expo at Gwadar on January 29-30 to project the potential of Gwadar mainly of Special Economic Zones. Gwadar Port is a deep-sea internati
Published 19 Dec, 2017 12:00am
Reference against Dar: four more witnesses' statements recorded

Reference against Dar: four more witnesses' statements recorded

An Accountability Court Monday recorded the statements of four more prosecution witnesses in a corruption reference filed against former Finance Minister Ishaq Dar for possessing assets beyond known sources of income. While hearing corruption reference ag
Published 19 Dec, 2017 12:00am
UBL inaugurates Pakistan's first-ever Digital Lab

UBL inaugurates Pakistan's first-ever Digital Lab

UBL inaugurated Pakistan's first-ever digital lab at a ceremony held in Karachi recently. The lab which was built in collaboration with IBM, will provide an environment for UBL's interdisciplinary teams as well as its network of start-ups, Fintech, ecosys
Published 19 Dec, 2017 12:00am
Paucity of power, water hindrance in Chinese supply chain

Paucity of power, water hindrance in Chinese supply chain

The Chinese authorities have been unable to expand the supply chain in Pakistan due to power and water scarcity, said Gou Chunshui commercial counsellor of China's consulate general in Karachi. Speaking at the 13th International Conference on Construction
Published 19 Dec, 2017 12:00am
Judicial Academy Campus: CJ SHC lays foundation stone in Thatta

Judicial Academy Campus: CJ SHC lays foundation stone in Thatta

Chief Justice Sindh High Court Justice Ahmed Ali M. Sheikh has said that Thatta had been remained the centre of education, literature, rich culture and civilization in the past. He said that there were hundreds of Universities and educational institutions
Published 19 Dec, 2017 12:00am
Terrorists cannot weaken our resolve: Zehri

Terrorists cannot weaken our resolve: Zehri

Balochistan Chief Minister Sardar Sanaullah Zehri on Monday vowed that terrorists cannot weaken people's resolve with their nefarious designs and would be eliminated from the province. Talking to mediapersons here, a day after the terrorist attack on Quet
Published 19 Dec, 2017 12:00am
Zardari, Murad discuss development schemes

Zardari, Murad discuss development schemes

PPPP president Asif Ali Zardari had a meeting with Sindh Chief Minister Syed Murad Ali Shah at the Chief Minister's House on Monday and discussed development schemes all over Sindh and urged him to complete them in time, according to a press release. Asif
Published 19 Dec, 2017 12:00am
SHC issues notices on petition seeking whereabouts of Pasha

SHC issues notices on petition seeking whereabouts of Pasha

The Sindh High Court (SHC) on Monday issued notices to the provincial home secretary and officials of the law enforcement agencies on a petition seeking whereabouts of Muttahida Qaumi Movement Pakistan (MQM-P) leader Shahid Pasha. Pasha's wife has taken t
Published 19 Dec, 2017 12:00am
Pakistan hostage of IFIs, says ex-ambassador
Exchange

Pakistan hostage of IFIs, says ex-ambassador

Institute of Business Management (IoBM), under the guidance of Dr Shahida Wizarat, Dean CESD and HoD, Economics Department, held a discussion session on "Failures of Economic Policies and Managers" at the Entrepreneurship and Management Excellence Centre
Published 19 Dec, 2017 12:00am
Three journalists get 'Humanitarian Reporting Award 2017'

Three journalists get 'Humanitarian Reporting Award 2017'

The Centre for Excellence in Journalism at the Institute of Business Administration (CEJ-IBA) Karachi and the International Committee of the Red Cross gave away the Humanitarian Reporting Award 2017 to journalists on Friday. To acknowledge good journalism
Published 19 Dec, 2017 12:00am
Common man cannot afford to buy dry fruits

Common man cannot afford to buy dry fruits

Cold weather has contributed to increase in dry fruits demand but unfortunately it has also hiked prices to the level that common man considers it beyond their purchasing power. Dry fruits of all kind are available at the stores but the high prices compel
Published 19 Dec, 2017 12:00am
Jeddah, Madina bound flights: PIA introduces Executive Economy Class

Jeddah, Madina bound flights: PIA introduces Executive Economy Class

Pakistan International Airlines (PIA) has introduced Executive Economy Class for Jeddah and Madina bound flights to/from Pakistan for the convenience of its Umrah passengers. According to details, PIA passengers travelling for Umrah can now avail the faci
Published 19 Dec, 2017 12:00am
PBIF President for reduced imports to overcome fiscal deficit
Currency

PBIF President for reduced imports to overcome fiscal deficit

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has urged the government to take steps to slowdown the imports otherwise adjusted exchange rate alone can be proved counterproductive although it will provide some support
Published 19 Dec, 2017 12:00am
Winter rain, hailstorm come to Karachi with power outage

Winter rain, hailstorm come to Karachi with power outage

Several parts of this port city witnessed power outage following the fresh wave of rainfall and hailstorm early on Monday. The most-affected areas were: Nazimabad, Orangi Town, Liaquatabad, Korangi, Gulshan-e-Iqbal Landhi, Safoora Goth where power supply
Published 19 Dec, 2017 12:00am
Disaster risk reduction: NDMA and UNICEF ink a joint work plan

Disaster risk reduction: NDMA and UNICEF ink a joint work plan

To implement child-centered disaster risk reduction approach in preparing, responding and early recovery in disasters, National Disaster Management Authority (NDMA) and the United Nations Children's Fund (UNICEF) Monday signed a joint work plan. The docum
Published 19 Dec, 2017 12:00am
600 conferred degrees in convocation at UET Peshawar

600 conferred degrees in convocation at UET Peshawar

The Convocation of University of Engineering and Technology, Peshawar, 2017 was held on Monday to commemorate the academic accomplishments of students of engineering and technology. The Vice Chancellor Professor Dr Iftikhar Hussain conferred degrees on gr
Published 19 Dec, 2017 12:00am
ADB approves $100 million loan for PPP projects in Punjab

ADB approves $100 million loan for PPP projects in Punjab

Asian Development Bank's (ADB) Board of Directors approved a loan agreement for $100 million that will improve and strengthen the development and delivery of public-private partnership (PPP) projects in the Punjab province. The loan from ADB will be used
Published 19 Dec, 2017 12:00am
Memorial for APS victims organised

Memorial for APS victims organised

Shaoor foundation for education and awareness organized a memorial for the APS victims at peace house in Islamabad here on Monday. It was a panel discussion on the psychological effects of these violent incidents and responsibilities of individuals. Panel
Published 19 Dec, 2017 12:00am
China condemns church attack

China condemns church attack

China Monday strongly condemned the suicide bombing attack on a Christian church in Pakistan that killed at least eight people and injured 44 others. "China has always opposed the terrorism in any form," Foreign Ministry spokesperson Hua Chunying said at
Published 19 Dec, 2017 12:00am
Women's support vital for sustainable tax culture, says FBR member

Women's support vital for sustainable tax culture, says FBR member

Member Facilitation and Taxpayer Education (FATE) FBR Nausheen Javaid Amjad has described the women's support as vital for creating a sustainable tax culture and ensuring maximum tax compliance in the society. "Women can lay the foundation of a better tom
Published 19 Dec, 2017 12:00am
KP government notifies minimum wage for brick kilns workers

KP government notifies minimum wage for brick kilns workers

The Minimum Wages Board Government of Khyber Pakhtunkhwa on Monday notified minimum wages for various categories of workers employed in brick kilns of the whole province. Chief Secretary Khyber Pakhtunkhwa Muhammad Azam Khan, after a deliberate discussion
Published 19 Dec, 2017 12:00am
Students asked to pursue education in Denmark

Students asked to pursue education in Denmark

The Ambassador of Denmark to Pakistan Rolf M Hey Holmboe on Monday encouraged Pakistani students to go for education in Denmark, highlighting that Danish higher education system remained third best in the world in 2015 having 99 percent literacy rate with
Published 19 Dec, 2017 12:00am
Ufone launches double Befikri offer

Ufone launches double Befikri offer

Ufonehas launched a special 'Double Befikri Offer' especially for customers of Gujranwala and Hafizabad enabling subscribers to consume 2GB internet in seven days for just Rs 76.94 inclusive of all taxes. Customers in Gujranwala and Hafizabad will be able
Published 19 Dec, 2017 12:00am
Judiciary should not justify its decisions: Asma

Judiciary should not justify its decisions: Asma

Former president of the Supreme Court Asma Jahangir said on Monday there was no need for the judiciary to prove its transparency. She added that criticisms would be hurled if judges compare petitioners with the mafia. While speaking to the media in Lahore
Published 19 Dec, 2017 12:00am
LCCI condemns Quetta church attack

LCCI condemns Quetta church attack

The Lahore Chamber of Commerce and Industry (LCCI) has strongly condemned the terrorist attacks on church in Quetta and lauded the security forces for acting promptly that averted heavy loss of precious human lives. LCCI office-bearers; President Malik Ta
Published 19 Dec, 2017 12:00am
Population growth: call for imposing emergency to tackle issue

Population growth: call for imposing emergency to tackle issue

Punjab Higher Education Commission Chairman Prof Dr Muhammad Nizamuddin has said that there was a need for imposing an emergency in the country to tackle the issue of population growth and called for investing in human resource development. "If the curren
Published 19 Dec, 2017 12:00am
Assemblies may be dissolved if Senate doesn't pass bill: Rana

Assemblies may be dissolved if Senate doesn't pass bill: Rana

Punjab Law Minister Rana Sanaullah has said that the (National and Provincial) Assemblies can be dissolved if the amendment bill on delimitation of constituencies is not passed on Tuesday. Speaking at Aaj News programme Aaj Rana Mubashir Kay Sath, Rana Sa
Published 19 Dec, 2017 12:00am
JI express solidarity with Christian community

JI express solidarity with Christian community

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has expressed solidarity with the Christian community in the country and expressed deep grief over the terrorist attack at a Quetta church causing life of innocent persons. Talking to the members of the C
Published 19 Dec, 2017 12:00am
Speakers stress need to ensure gender equality in society

Speakers stress need to ensure gender equality in society

Pakistan Poverty Alleviation Fund (PPAF) on Monday marked the closing of 16 Days of Activism against Gender-Based Violence and held a panel discussion on taking 5th Sustainable Development Goal (SDG 5) forward. During panel discussion held here on Monday,
Published 19 Dec, 2017 12:00am
Marriyum for promoting soft image of country

Marriyum for promoting soft image of country

State Minister for Information and Broadcasting, Marriyum Aurangzeb has said that Pakistan should present different cultures from various parts of the country to promote soft image of the country. In an inauguration ceremony of a six-day photographic exhi
Published 19 Dec, 2017 12:00am
Punjab government concentrating on agriculture sector: minister

Punjab government concentrating on agriculture sector: minister

Punjab Finance Minister Dr Ayesha Ghous Pasha has said that the Punjab government is focusing on agriculture sector and the World Bank has also approved US $300 million loan recently for the development of agriculture in the province. She expressed these
Published 19 Dec, 2017 12:00am
FINCA opens branches in Yazman, Kot Addu

FINCA opens branches in Yazman, Kot Addu

FINCA microfinance bank limited, one of the fastest growing microfinance banks in the country launched its branch operations in two new cities in the country. The new branches in Yazman (Bahawalpur district), and Kot Addu (Muzaffargarh district), will imp
Published 19 Dec, 2017 12:00am
Railways to start cargo train from Faisalabad

Railways to start cargo train from Faisalabad

Pakistan Railways has started cargo express train service from Faisalabad to Karachi. This freight train will be operated on the daily basis after the long period of seven years. The train consists of nine wagons. It will leave from Faisalabad at 11pm and
Published 19 Dec, 2017 12:00am
Apparel sector seeks relaxation in yarn import duties
Cotton

Apparel sector seeks relaxation in yarn import duties

As the government is all set to withdraw sales tax and customs duty on import of cotton on the demand of spinning industry, setting aside the interest of growers and ginners, the Pakistan Readymade Garments Manufacturers & Exporters Association has appeal
Published 19 Dec, 2017 12:00am
Hudaibiya case: SC too lenient with Sharif family: Aitzaz

Hudaibiya case: SC too lenient with Sharif family: Aitzaz

Aitzaz Ahsan, Leader of Opposition in Senate, said the Supreme Court has dealt leniently with the Sharif family in the Hudaibiya Paper Mills case. He was responding to the media queries outside the Lahore High Court (LHC) Monday. He claimed that the apex
Published 19 Dec, 2017 12:00am
Ali Gilani desists from registering complaint against PTI leader

Ali Gilani desists from registering complaint against PTI leader

Ali Musa Gilani, son of former premier Yusuf Raza Gilani, desisted from registering a police complaint against firing on him after a rapprochement with PTI leader Faisal Javed. He said the PTI spokesman had contacted him on Monday that led to rapprochemen
Published 19 Dec, 2017 12:00am
Southern loop of Ring Road to be inaugurated on December 22

Southern loop of Ring Road to be inaugurated on December 22

Punjab Chief Minister Shehbaz Sharif is set to inaugurate the southern loop of Lahore Ring Road on December 22 as the development works have been completed and the project is ready to be used by commuters, said sources in the Lahore Ring Road Authority. I
Published 19 Dec, 2017 12:00am
Shahbaz for collective efforts for development, prosperity

Shahbaz for collective efforts for development, prosperity

Punjab Chief Minister Shahbaz Sharif has said that all the people should collectively work for national development and prosperity as the country cannot afford any chaos and anarchy. According to a message received here, Shahbaz expressed these views whil
Published 19 Dec, 2017 12:00am
Resolution of RD in the offing: UBG team assured

Resolution of RD in the offing: UBG team assured

The Prime Minister Shahid Khaqan Abbasi has said that the issue of regulatory duty would be resolved soon while revival of Export Development Fund (EDB) is also under consideration. According to the United Businessmen Group (UBG)'s spokesman, the prime mi
Published 19 Dec, 2017 12:00am
IGP for initiating operations ahead of Christmas

IGP for initiating operations ahead of Christmas

Punjab Inspector General of Police (IGP) Arif Nawaz Khan has stressed the need for initiating intelligence-based operations (IBOs) in the province with the assistance of other law enforcement agencies (LEAs) ahead of Christmas celebrations. The IGP expres
Published 19 Dec, 2017 12:00am
Thatta Cement Company Limited
Mutual Funds

Thatta Cement Company Limited

Thatta Cement Company Limited (PSX: THCCL) is one of the smaller cement firms within the industry occupying only one percent of the industry capacity and about the same market share. Founded in 1982, the company's manufacturing facilities are located in T
Published 19 Dec, 2017 12:00am
Thatta Cement Company Limited
Mutual Funds

Thatta Cement Company Limited

Thatta Cement Company Limited (PSX: THCCL) is one of the smaller cement firms within the industry occupying only one percent of the industry capacity and about the same market share. Founded in 1982, the company's manufacturing facilities are located in T
Published 19 Dec, 2017 12:00am
PM for 'right' tariff regime for K-E

PM for 'right' tariff regime for K-E

Council of Pakistan Newspaper Editors (CPNE) met the Prime Minister of Pakistan in Islamabad on Monday. On the occasion, CPNE lauded the efforts made by the government to improve the security situation in Karachi. Further, the role of power utility in imp
Published 19 Dec, 2017 12:00am
10.68 million bales of cotton reach ginneries
Cotton

10.68 million bales of cotton reach ginneries

Seed cotton (Phutti) equivalent to 10.68 million or 10,685,981 bales have reached ginneries across Pakistan till December 15, 2017, registering an increase by 5.3 per cent compared to corresponding period of last year.
Published 19 Dec, 2017 12:00am
US MIDDAY: gold edges higher

US MIDDAY: gold edges higher

Gold edged higher on Monday as uncertainty over US tax legislation weighed on the dollar, while an analyst said bullion might face renewed headwinds early next year. Platinum rose 2 percent as investors recovered short positions. Spot gold was up 0.53 per
Published 19 Dec, 2017 12:00am
US MIDDAY: soyabeans sink

US MIDDAY: soyabeans sink

US soyabean futures slumped to three-month lows on Monday as rain in Argentina eased concerns that farmers would scale back planting in the third largest soyabean exporting country and largest soya product supplier. Corn futures also declined on the rainy
Published 19 Dec, 2017 12:00am
Argentina sees corn planting up 5.2 percent

Argentina sees corn planting up 5.2 percent

Argentine farmers are expected to expand corn planting by 5.2 percent this season, the government said last Thursday, as the free-market policies of President Mauricio Macri encourage crop rotation after decades of over-planting soya. Soon after taking of
Published 19 Dec, 2017 12:00am
Gold rises in Europe

Gold rises in Europe

Gold edged higher on Monday as uncertainty over US tax reform weighed on the dollar, while an analyst said bullion may face renewed headwinds early next year. The dollar index fell, making dollar-denominated bullion cheaper for buyers using other currenci
Published 19 Dec, 2017 12:00am
Gold moves up in Asia
Exchange

Gold moves up in Asia

Gold traded sideways in a tight range on Monday, pressured by firmer equities and a buoyant dollar after a bill to overhaul the tax system in the United States moved a step closer to ratification. Spot gold was up 0.1 percent at $1,256.52 an ounce as of 0
Published 19 Dec, 2017 12:00am
Raw sugar lifted by short-covering, arabica coffee up
Currency

Raw sugar lifted by short-covering, arabica coffee up

Raw sugar futures climbed on Monday, partly boosted by short-covering after data showed speculators had sold the commodity more aggressively than expected, while arabica coffee and New York cocoa rose in step with broader commodity markets. March raw suga
Published 19 Dec, 2017 12:00am
Malaysian palm oil declines on profit-taking
Vegetable Oil

Malaysian palm oil declines on profit-taking

Malaysian palm oil futures fell almost 1 percent on Monday evening on profit-taking after recording their biggest daily gain in around five months in the previous trading session. The benchmark palm oil contract for March delivery on the Bursa Malaysia De
Published 19 Dec, 2017 12:00am
Rubber rises
Currency

Rubber rises

Benchmark Tokyo rubber futures ended up 2.1 percent on Monday, after hitting a near two-week high in the morning, helped by firm Shanghai futures and a weaker yen against the dollar, brokers said. The Tokyo Commodity Exchange rubber contract for May deliv
Published 19 Dec, 2017 12:00am
Oil gains on pipeline outage tempered by robust US output

Oil gains on pipeline outage tempered by robust US output

Oil prices edged higher on Monday, supported by a North Sea pipeline outage and a workers' strike in the Nigerian energy industry. Still, growth in US crude output cast a shadow over the market and continued to cap gains.
Published 19 Dec, 2017 12:00am
One large eurozone bank is short of capital: ECB

One large eurozone bank is short of capital: ECB

One eurozone bank is falling short of the European Central Bank's capital requirements, the ECB said on Monday, meaning it may be asked to curb bonuses, dividends and coupons. The ECB did not name the bank in its annual review of the 119 lenders on its wa
Published 19 Dec, 2017 12:00am
China's yuan eases on weaker fixing, stable dollar
Exchange

China's yuan eases on weaker fixing, stable dollar

China's yuan eased slightly against the US dollar on Monday, dragged lower by a weaker official midpoint and stability in the greenback on optimism over the progress of US tax reform. The dollar held modest gains against its major peers on Monday morning,
Published 19 Dec, 2017 12:00am
Britain's FTSE lifted by global optimism on US tax bill
Currency

Britain's FTSE lifted by global optimism on US tax bill

UK shares rose on Monday alongside European peers as a global wave of optimism on US tax lifted stocks markets in Asia and led the MSCI all-country world index to a new record high. The FTSE 100 was up 0.6 percent, even as a rising pound weighed on the in
Published 19 Dec, 2017 12:00am
Australia shares climb, New Zealand down

Australia shares climb, New Zealand down

Australian shares finished higher on Monday, with broad-based gains driven by stronger commodity prices, financials stocks and optimism around US tax reform. Top US Republicans said on Sunday they expected Congress to pass a tax code overhaul this week, w
Published 19 Dec, 2017 12:00am
TSX jumps, led by banks, energy stocks, Valeant
Exchange

TSX jumps, led by banks, energy stocks, Valeant

Canada's main stock index gained in a broad rally in early trade on Monday, led by big banks and energy companies as well as Valeant Pharmaceuticals International Inc, which said it was bringing an eye treatment to market.
Published 19 Dec, 2017 12:00am
Dealmaking nudges European shares near six-week high

Dealmaking nudges European shares near six-week high

European shares rose on Monday, buoyed by a flurry of year-end M&A and expectations that a US bill lowering corporate taxes could soon pass. Thales rose 7.6 percent after the French aerospace and defence company agreed to buy chipmaker Gemalto for 4.8 bil
Published 19 Dec, 2017 12:00am
Sri Lankan stocks hit over eight-month closing low

Sri Lankan stocks hit over eight-month closing low

Sri Lankan shares fell for a second straight session on Monday to hit their lowest close in more than eight months as investors offloaded plantation and telecom stocks. The Colombo Stock Index ended 0.09 percent weaker at 6,346.70, its lowest close since
Published 19 Dec, 2017 12:00am
Indian shares end higher

Indian shares end higher

Indian shares reversed earlier losses to end higher on Monday as Prime Minister Narendra Modi's party appeared to win elections in his home state of Gujarat for a sixth term as counting of votes progressed. The BSE index rose 0.41 percent to 33,601.68, wh
Published 19 Dec, 2017 12:00am
Hong Kong stocks up as sentiment buoyed by US tax reform
Exchange

Hong Kong stocks up as sentiment buoyed by US tax reform

Hong Kong's main Hang Seng index ended Monday firmer while China's H-shares index also closed higher, with sentiment in Asia boosted by expectations US lawmakers will pass a long-awaited tax bill. At close of trade, the Hang Seng index was up 202.30 point
Published 19 Dec, 2017 12:00am
Record highs on Wall Street, driven by tax bill hopes, M&A flurry

Record highs on Wall Street, driven by tax bill hopes, M&A flurry

The major US stock indexes hit record highs in a broad rally on Monday as the long-awaited bill to lower taxes looked set to be passed into law and buoyed by about $11 billion in corporate dealmaking. More US Republicans Senators on Sunday said they expec
Published 19 Dec, 2017 12:00am
Shanghai stocks ease after Central Bank raises market rates
Exchange

Shanghai stocks ease after Central Bank raises market rates

China's main Shanghai stock market slipped slightly on Monday morning, amid concerns over tight year-end liquidity after the central bank lifted interbank market rates. The People's Bank of China raised interest rates on reverse repurchase agreements, or
Published 19 Dec, 2017 12:00am
Nikkei rises on financials and exporters

Nikkei rises on financials and exporters

Japanese stocks scored their biggest rise in over a month on Monday with financials and exporters in hot demand, while construction shares bounced after sliding on news that prosecutors had raided the headquarters of at least two builders for alleged anti
Published 19 Dec, 2017 12:00am
Saudi cement shares surge on eve of 2018 state budget

Saudi cement shares surge on eve of 2018 state budget

Saudi Arabia's stock market surged on Monday as cement firms climbed before the release of the government's 2018 budget, which is expected to include an increase in infrastructure spending. The Saudi stock index surged 1.4 percent in active trade. Five of
Published 19 Dec, 2017 12:00am
EU agrees new five-year mandate for German chair of bank watchdog SRB

EU agrees new five-year mandate for German chair of bank watchdog SRB

The European Union agreed on Monday to renew the mandate of Elke Koenig, the German head of the European Union's body in charge of disposing of failing banks, for another five years. Koenig, who has chaired the Single Resolution Board (SRB) since its crea
Published 19 Dec, 2017 12:00am
France sues Amazon over marketplace rules

France sues Amazon over marketplace rules

The French finance ministry said Monday it has brought a court case against Amazon for abuse of its dominant position on marketplace, the retail giant's third-party vendor platform. The ministry said there is "a significant imbalance" in business relation
Published 19 Dec, 2017 12:00am
ANZ completes Shanghai bank sale

ANZ completes Shanghai bank sale

ANZ Bank completed the sale of its stake in Shanghai Rural Commercial Bank Monday and announced plans for a Aus$1.5 billion (US$1.15 billion) share buyback with the funds. The lender agreed to offload its 20 percent holding in the company earlier this yea
Published 19 Dec, 2017 12:00am
North Korean incomes improving but far below South: Seoul

North Korean incomes improving but far below South: Seoul

North Koreans enjoyed the fastest improvement in their incomes for five years in 2016, Seoul's statistics agency has said - but Southerners are still more than 20 times better off. Per capita incomes averaged 1.46 million won ($1,340) in the North last ye
Published 19 Dec, 2017 12:00am
CBOT wheat slightly higher

CBOT wheat slightly higher

Chicago Board of Trade soft red winter wheat futures edged higher on Friday, supported by surprising signs of overseas demand for US supplies. MGEX spring wheat also firmed, with support for the March contract seen at the 10-day moving average. MGEX gains
Published 19 Dec, 2017 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Cash spot basis bids for hard red winter (HRW) wheat on Friday in the southern US Plains were unchanged, a day after increased demand slightly raised some protein premiums, merchants said. A few flour millers in parts of the Plains might need grain as sup
Published 19 Dec, 2017 12:00am
CBOT soyabean futures firm on strong export demand

CBOT soyabean futures firm on strong export demand

Chicago Board of Trade soyameal futures closed firm on Friday due to strong export demand. Gains were limited by abundant supplies following a bumper US harvest and easing concerns about weather limiting production in Argentina.
Published 19 Dec, 2017 12:00am
Tunisia buys soft wheat, durum, feed barley in tender

Tunisia buys soft wheat, durum, feed barley in tender

Tunisia's state grains agency purchased about 100,000 tonnes of soft milling wheat, 50,000 tonnes of durum wheat and 50,000 tonnes of feed barley in an international tender which closed on Friday, European traders said. The grains can all be sourced from
Published 19 Dec, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,105. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.562 billion and the number of lots traded was 5,852.
Published 19 Dec, 2017 12:00am
US Midwest soya bids firm

US Midwest soya bids firm

Spot soyabean basis bids at elevators, processors and river markets in the US Midwest were steady to higher on Friday, underpinned by light farmer sales that spurred demand, dealers said. Adequate near-term supplies resulted in flat to weaker corn bids at
Published 19 Dec, 2017 12:00am
Cotton market: tight supplies help rates to keep present levels
Cotton

Cotton market: tight supplies help rates to keep present levels

Tight supplies helped prices to maintain present levels on the cotton market on Monday in the process of trading, dealers said. The official spot rate was unchanged at Rs 7000, they said. In ready session, around 20,000 bales of cotton changed hands betwe
Published 19 Dec, 2017 12:00am
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