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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-01-22
Country's exports

Country's exports

Indonesia's decision to grant Pakistan concession on 20 items seems to have injected an unwarranted dose of confidence into our policymakers who believe that 'successful' trade diplomacy has worked in their favor.
Published 22 Jan, 2018 12:00am
Bonds to get by without a little help from central banks

Bonds to get by without a little help from central banks

The rebound of global growth is sounding the death knell for easy money, so debt markets should see the backs of central banks in 2018, although a gradual withdrawal should help avoid a new tantrum sending interest rates spiking. The colossal sums that ce
Published 22 Jan, 2018 12:00am
Where is justice?
Exchange

Where is justice?

Every hour a child being sexually abused/raped is a national shame - and this is just a reported stat. A topic that is taboo in our society must be happening with much greater frequency. The after-effects of this tragedy linger in the family, neighbourhoo
Published 22 Jan, 2018 12:00am
Abbasi following Dar's prescription
Exchange

Abbasi following Dar's prescription

The PML-N administration during roughly the first three years of its ongoing tenure (till September 2016) had four major windfalls with extremely positive implications on key macroeconomic indicators: oil price in the international market plummeted, the S
Published 22 Jan, 2018 12:00am
Overhauling the judicial system

Overhauling the judicial system

The superior judiciary in this country is often criticized for failure to streamline the affairs of subordinate courts, leading to inordinate delays in the administration of justice. Speaking at a judicial conference in Karachi the other day, Chief Justic
Published 22 Jan, 2018 12:00am
SBP's first quarter report for Fiscal year 2018
Exchange

SBP's first quarter report for Fiscal year 2018

State Bank's quarterly report for July-September, 2017 released on 19th January, 2018 contains, in general, an objective assessment of the economy together with its prospects for the remaining part of 2017-18. According to the Report, "preliminary data on
Published 22 Jan, 2018 12:00am
World Bank signs $300 million loan for Nepal quake reconstruction

World Bank signs $300 million loan for Nepal quake reconstruction

The World Bank on Sunday approved a $300 million loan for Nepal as the impoverished nation struggles to raise money to rebuild almost three years after an earthquake killed thousands and flattened homes. Nearly 9,000 people died when a 7.8-magnitude quake
Published 22 Jan, 2018 12:00am
World Bank signs $300 million loan for Nepal quake reconstruction

World Bank signs $300 million loan for Nepal quake reconstruction

The World Bank on Sunday approved a $300 million loan for Nepal as the impoverished nation struggles to raise money to rebuild almost three years after an earthquake killed thousands and flattened homes. Nearly 9,000 people died when a 7.8-magnitude quake
Published 22 Jan, 2018 12:00am
World Bank signs $300 million loan for Nepal quake reconstruction

World Bank signs $300 million loan for Nepal quake reconstruction

The World Bank on Sunday approved a $300 million loan for Nepal as the impoverished nation struggles to raise money to rebuild almost three years after an earthquake killed thousands and flattened homes. Nearly 9,000 people died when a 7.8-magnitude quake
Published 22 Jan, 2018 12:00am
Some AOs, PAs found involved in malpractices

Some AOs, PAs found involved in malpractices

Model Customs Collectorate (MCC), Appraisement, West, has found some of its appraising officers (AOs) and principal appraisers (PAs) involved in serious malpractices being committed in assessment group; it was learnt.The Collectorate was reported that cer
Published 22 Jan, 2018 12:00am
Some AOs, PAs found involved in malpractices

Some AOs, PAs found involved in malpractices

Model Customs Collectorate (MCC), Appraisement, West, has found some of its appraising officers (AOs) and principal appraisers (PAs) involved in serious malpractices being committed in assessment group; it was learnt.The Collectorate was reported that cer
Published 22 Jan, 2018 12:00am
Some AOs, PAs found involved in malpractices

Some AOs, PAs found involved in malpractices

Model Customs Collectorate (MCC), Appraisement, West, has found some of its appraising officers (AOs) and principal appraisers (PAs) involved in serious malpractices being committed in assessment group; it was learnt.The Collectorate was reported that cer
Published 22 Jan, 2018 12:00am
Women's rights protestors slam harassment, violence

Women's rights protestors slam harassment, violence

Women's rights protesters took to the streets in European cities on Sunday to voice their frustration at sexual harassment, violence and discrimination against women. Hundreds of people gathered in London chanting "Time's up! Time's up!", as similar demon
Published 22 Jan, 2018 12:00am
Women's rights protestors slam harassment, violence

Women's rights protestors slam harassment, violence

Women's rights protesters took to the streets in European cities on Sunday to voice their frustration at sexual harassment, violence and discrimination against women. Hundreds of people gathered in London chanting "Time's up! Time's up!", as similar demon
Published 22 Jan, 2018 12:00am
Delhi lawmakers sacked for allegedly taking illegal benefits

Delhi lawmakers sacked for allegedly taking illegal benefits

India's President on Sunday sacked 20 lawmakers from the state assembly in New Delhi after they were revealed to be holding jobs in government despite laws forbidding the practice. The purge reduces by nearly a third the number of state assembly seats hel
Published 22 Jan, 2018 12:00am
Delhi lawmakers sacked for allegedly taking illegal benefits

Delhi lawmakers sacked for allegedly taking illegal benefits

India's President on Sunday sacked 20 lawmakers from the state assembly in New Delhi after they were revealed to be holding jobs in government despite laws forbidding the practice. The purge reduces by nearly a third the number of state assembly seats hel
Published 22 Jan, 2018 12:00am
Turkish tanks roll into Syria to fight Kurdish militia

Turkish tanks roll into Syria to fight Kurdish militia

Turkish troops and tanks entered Syria on Sunday to push an offensive against Kurdish militia as France warned over the risks of the operation and rockets hit border towns in apparent retaliation. Turkey on Saturday launched operation "Olive Branch" seeki
Published 22 Jan, 2018 12:00am
Turkish tanks roll into Syria to fight Kurdish militia

Turkish tanks roll into Syria to fight Kurdish militia

Turkish troops and tanks entered Syria on Sunday to push an offensive against Kurdish militia as France warned over the risks of the operation and rockets hit border towns in apparent retaliation. Turkey on Saturday launched operation "Olive Branch" seeki
Published 22 Jan, 2018 12:00am
Commerce Division to seek ECC nod for release of used cars
Exchange

Commerce Division to seek ECC nod for release of used cars

Commerce Division is to get approval of Economic Co-ordination Committee (ECC) of the cabinet for release of the used cars stuck in transit, as per previous mechanism due to mounting pressure from Prime Minister''s Adviser on Finance and Economic Affairs
Published 22 Jan, 2018 12:00am
Commerce Division to seek ECC nod for release of used cars
Exchange

Commerce Division to seek ECC nod for release of used cars

Commerce Division is to get approval of Economic Co-ordination Committee (ECC) of the cabinet for release of the used cars stuck in transit, as per previous mechanism due to mounting pressure from Prime Minister's Adviser on Finance and Economic Affairs D
Published 22 Jan, 2018 12:00am
Commerce Division to seek ECC nod for release of used cars
Exchange

Commerce Division to seek ECC nod for release of used cars

Commerce Division is to get approval of Economic Co-ordination Committee (ECC) of the cabinet for release of the used cars stuck in transit, as per previous mechanism due to mounting pressure from Prime Minister's Adviser on Finance and Economic Affairs D
Published 22 Jan, 2018 12:00am
Future spread down by 739 basis points

Future spread down by 739 basis points

The future spread declined by 739bps to negative 2.94 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 23.7 percent to 42.23 million shares. The average daily tradi
Published 22 Jan, 2018 12:00am
Future spread down by 739 basis points

Future spread down by 739 basis points

The future spread declined by 739bps to negative 2.94 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 23.7 percent to 42.23 million shares. The average daily tradi
Published 22 Jan, 2018 12:00am
Bullish sentiments prevail
Mutual Funds

Bullish sentiments prevail

Pakistan Stock Exchange witnessed bullish trend on the back of healthy buying by both local and foreign investors during the outgoing week ended January 19, 2018. BRIndex100 gained 146.65 points on week-on-week basis to close at 4,755.17 points. Average d
Published 22 Jan, 2018 12:00am
Bullish sentiments prevail
Mutual Funds

Bullish sentiments prevail

Pakistan Stock Exchange witnessed bullish trend on the back of healthy buying by both local and foreign investors during the outgoing week ended January 19, 2018. BRIndex100 gained 146.65 points on week-on-week basis to close at 4,755.17 points. Average d
Published 22 Jan, 2018 12:00am
Bullish sentiments prevail
Mutual Funds

Bullish sentiments prevail

Pakistan Stock Exchange witnessed bullish trend on the back of healthy buying by both local and foreign investors during the outgoing week ended January 19, 2018. BRIndex100 gained 146.65 points on week-on-week basis to close at 4,755.17 points. Average d
Published 22 Jan, 2018 12:00am
GSP Plus linked to Asia Bibi

GSP Plus linked to Asia Bibi

The European Union (EU) has reportedly conveyed to Islamabad that renewal of Generalised System of Preferences (GSP) plus facility and future financial assistance in the pipeline will be linked to positive outcome on Asia Bibi, a Christian woman facing de
Published 22 Jan, 2018 12:00am
GSP Plus linked to Asia Bibi

GSP Plus linked to Asia Bibi

The European Union (EU) has reportedly conveyed to Islamabad that renewal of Generalised System of Preferences (GSP) plus facility and future financial assistance in the pipeline will be linked to positive outcome on Asia Bibi, a Christian woman facing de
Published 22 Jan, 2018 12:00am
GSP Plus linked to Asia Bibi

GSP Plus linked to Asia Bibi

The European Union (EU) has reportedly conveyed to Islamabad that renewal of Generalised System of Preferences (GSP) plus facility and future financial assistance in the pipeline will be linked to positive outcome on Asia Bibi, a Christian woman facing de
Published 22 Jan, 2018 12:00am
GSP Plus linked to Asia Bibi

GSP Plus linked to Asia Bibi

The European Union (EU) has reportedly conveyed to Islamabad that renewal of Generalised System of Preferences (GSP) plus facility and future financial assistance in the pipeline will be linked to positive outcome on Asia Bibi, a Christian woman facing de
Published 22 Jan, 2018 12:00am
Indian deputy HC summoned over LoC, WB violations

Indian deputy HC summoned over LoC, WB violations

Pakistan on Sunday summoned top Indian diplomat - for the fifth time in a week - and lodged with him a strong protest over the unprovoked ceasefire violations by Indian troops on the Line of Control (LoC) that resulted in martyrdom of two civilians.
Published 22 Jan, 2018 12:00am
Indian deputy HC summoned over LoC, WB violations

Indian deputy HC summoned over LoC, WB violations

Pakistan on Sunday summoned top Indian diplomat - for the fifth time in a week - and lodged with him a strong protest over the unprovoked ceasefire violations by Indian troops on the Line of Control (LoC) that resulted in martyrdom of two civilians.
Published 22 Jan, 2018 12:00am
FO rejects Afghan allegations

FO rejects Afghan allegations

Foreign Office on Sunday rejected the Afghan allegations to point finger at Pakistan for the Kabul hotel terrorist attack and called for a credible investigation into the attack. Responding to the allegations, Foreign Office spokesperson Dr Mohammad Faisa
Published 22 Jan, 2018 12:00am
FO rejects Afghan allegations

FO rejects Afghan allegations

Foreign Office on Sunday rejected the Afghan allegations to point finger at Pakistan for the Kabul hotel terrorist attack and called for a credible investigation into the attack. Responding to the allegations, Foreign Office spokesperson Dr Mohammad Faisa
Published 22 Jan, 2018 12:00am
Six Ukrainians among 18 dead in Kabul hotel attack

Six Ukrainians among 18 dead in Kabul hotel attack

Gunmen stormed a luxury hotel in Kabul and killed at least 18 people, most of them foreigners, sparking a 12-hour battle with Afghan forces backed by Norwegian troops that left terrified guests scrambling to escape. Six Ukrainians were among those killed
Published 22 Jan, 2018 12:00am
Six Ukrainians among 18 dead in Kabul hotel attack

Six Ukrainians among 18 dead in Kabul hotel attack

Gunmen stormed a luxury hotel in Kabul and killed at least 18 people, most of them foreigners, sparking a 12-hour battle with Afghan forces backed by Norwegian troops that left terrified guests scrambling to escape. Six Ukrainians were among those killed
Published 22 Jan, 2018 12:00am
THE RUPEE: slight changes
Currency

THE RUPEE: slight changes

The rupee moved but cautiously against the dollar on the money market during the week, ended on January 20, 2018. The rupee gained 10 paisas versus the dollar for buying Rs 112.00 While the national currency sustained it's level for selling at Rs 112.30.
Published 22 Jan, 2018 12:00am
THE RUPEE: slight changes
Currency

THE RUPEE: slight changes

The rupee moved but cautiously against the dollar on the money market during the week, ended on January 20, 2018. The rupee gained 10 paisas versus the dollar for buying Rs 112.00 While the national currency sustained it's level for selling at Rs 112.30.
Published 22 Jan, 2018 12:00am
Oil producers will cooperate beyond 2018: Saudi Arabia

Oil producers will cooperate beyond 2018: Saudi Arabia

Global oil producers are in agreement that they should continue co-operating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia''s energy minister Khalid al-Falih said on Sunday. It was the first time Saudi Arabia,
Published 22 Jan, 2018 12:00am
Oil producers will cooperate beyond 2018: Saudi Arabia

Oil producers will cooperate beyond 2018: Saudi Arabia

Global oil producers are in agreement that they should continue co-operating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia's energy minister Khalid al-Falih said on Sunday. It was the first time Saudi Arabia,
Published 22 Jan, 2018 12:00am
Oil producers will cooperate beyond 2018: Saudi Arabia

Oil producers will cooperate beyond 2018: Saudi Arabia

Global oil producers are in agreement that they should continue co-operating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia's energy minister Khalid al-Falih said on Sunday. It was the first time Saudi Arabia,
Published 22 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (January 21, 2018) and the forecast for Monday (January 22, 2018).

Published 22 Jan, 2018 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 15 to 19, 2018).

Published 22 Jan, 2018 12:00am
Amazon's automated grocery store of the future opens

Amazon's automated grocery store of the future opens

Amazon.com Inc will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company said, moving forward on an experiment that could dramatically alter brick-and-mortar retail. The Seattle store, known as Amazon
Published 22 Jan, 2018 12:00am
Ethiopia leader rejects call for World Bank arbitration in dam dispute

Ethiopia leader rejects call for World Bank arbitration in dam dispute

Ethiopia's Prime Minister Hailemariam Desalegn has rejected a call by Egypt for World Bank arbitration in a dispute over a hydroelectric dam Addis Ababa is building along its share of the Nile. The two countries are at odds over the construction of the Gr
Published 22 Jan, 2018 12:00am
Greece says 15 investors interested in coal-fired plants sale

Greece says 15 investors interested in coal-fired plants sale

Fifteen investors have expressed interest in acquiring coal-fired plants the country will divest to comply with an EU court ruling, Greece's energy ministry said on Sunday. Athens has agreed with its foreign creditors that power utility Public Power Corp,
Published 22 Jan, 2018 12:00am
Airbus to get '10 years of visibility' from Emirates deal: CEO

Airbus to get '10 years of visibility' from Emirates deal: CEO

A $16 billion deal with Emirates airline for A380 superjumbos will give Airbus "at least 10 years of visibility", the European manufacturer's CEO Tom Enders said in an interview published Sunday. Emirates announced the deal on Thursday to buy 36 Airbus A3
Published 22 Jan, 2018 12:00am
Yemen government announces budget after three-year hiatus
Exchange

Yemen government announces budget after three-year hiatus

Yemen's cash-strapped government on Sunday released its first official budget since the Huthi rebels overran the capital Sanaa in 2014 and following a bailout from ally Saudi Arabia. Prime Minister Ahmed bin Dagher said spending in the 2018 budget is proj
Published 22 Jan, 2018 12:00am
Saudi Arabia to build nine desalination plants on Red Sea

Saudi Arabia to build nine desalination plants on Red Sea

Saudi Arabia plans to build nine desalination plants for more than 2 billion riyals ($530 million) on the Red Sea coast, its environment minister said on Sunday. The plants will have capacity of 240,000 cubic meters of water per day and will be completed
Published 22 Jan, 2018 12:00am
Palestinian firms plan to finally offer 3G mobile service

Palestinian firms plan to finally offer 3G mobile service

Palestinian mobile firms in the occupied West Bank hope to finally be able to offer 3G service to customers beginning Tuesday, years after much of the rest of the world began using it. Talks on 3G mobile have long dragged on, with Israel having previously
Published 22 Jan, 2018 12:00am
France drops bid to host 2025 World Expo

France drops bid to host 2025 World Expo

France has dropped its bid to host the 2025 World Expo in Paris, authorities said on Sunday, confirming a report in French weekly Le Journal du Dimanche (JDD). JDD reported that French Prime Minister Edouard Philippe had written a letter to the organising
Published 22 Jan, 2018 12:00am
Germany faces risks, higher costs without focus on green finance

Germany faces risks, higher costs without focus on green finance

Germany faces growing risks and high costs if it does not revamp its financial system to focus more on climate change and sustainability, according to a new report by the World Wildlife Fund and finance groups including Deutsche Boerse. The study faulted
Published 22 Jan, 2018 12:00am
Britain must stay in European customs union: CBI

Britain must stay in European customs union: CBI

Britain must stay in a comprehensive customs union with the European Union in order to preserve trade in its biggest markets after Brexit, the business lobby group CBI said on Sunday. Prime Minister Theresa May ruled out remaining a member of the European
Published 22 Jan, 2018 12:00am
Audi ordered to recall 127,000 vehicles over emissions

Audi ordered to recall 127,000 vehicles over emissions

Germany's KBA automotive watchdog has detected illicit emission-control software in Audi's latest Euro-6 diesel models and has ordered a recall of 127,000 vehicles, Bild am Sonntag reported. Audi, a unit of Volkswagen, said in a statement that the models
Published 22 Jan, 2018 12:00am
Egypt targets 8-10 flotations of state firms over 18 months
Exchange

Egypt targets 8-10 flotations of state firms over 18 months

Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors. The flotations will be the first batch in
Published 22 Jan, 2018 12:00am
British Prime Minister vows crackdown on reckless fat cats

British Prime Minister vows crackdown on reckless fat cats

Irresponsible company bosses who "line their own pockets" will face huge fines in the future, British Prime Minister Theresa May vowed Sunday. May said she would outline plans in the coming weeks to crack down on "abuse" of the system by business chiefs,
Published 22 Jan, 2018 12:00am
Greater screen time linked to worsening sleep quality in childhood

Greater screen time linked to worsening sleep quality in childhood

Higher use of electronic media is tied to poorer sleep quality in children as young as three, a new study from Germany suggests. The study investigated the association between media consumption - including electronic media such as television, DVDs and com
Published 22 Jan, 2018 12:00am
'Toothpaste ingredient could fight malaria'

'Toothpaste ingredient could fight malaria'

Research carried out in part by an artificially-intelligent (AI)'robot scientist' has found that a common ingredient of toothpaste could be developed to fight drug-resistant strains of malaria. In a study in the journal Scientific Reports, scientists from
Published 22 Jan, 2018 12:00am
Cancer blood test finds eight kinds of tumors: study

Cancer blood test finds eight kinds of tumors: study

A new blood test for cancer has shown promise toward detecting eight different kinds of tumors before they have spread elsewhere in the body, offering hope of early detection, researchers said on Thursday. Further study is needed before the test - called
Published 22 Jan, 2018 12:00am
Hot air: study finds bikram no healthier than other yoga

Hot air: study finds bikram no healthier than other yoga

Practiced in rooms heated to 40 degrees Celsius (104 degrees Fahrenheit), bikram yoga is no better for your health than other, cooler forms of the ancient discipline, scientists said on Friday. Proponents claim the hot, humid workout, which puts sweaty pa
Published 22 Jan, 2018 12:00am
Suppressing a sneeze can be dangerous, doctors warn

Suppressing a sneeze can be dangerous, doctors warn

Stifling a sneeze can rupture your throat, burst an ear drum, or pop a blood vessel in your brain, researchers warned on Tuesday. Many people - when they feel a sneeze coming on - block all the exits, essentially swallowing the sneeze's explosive force.
Published 22 Jan, 2018 12:00am
Sea levels off Dutch coast highest ever recorded in 2017

Sea levels off Dutch coast highest ever recorded in 2017

Storm surges and tidal cycles caused record sea levels along the coast of the Netherlands last year, a Dutch marine institute has found. "The level has been rising gradually since 1890 by about 0.2 cm per year due to the melting of the ice and the warming
Published 22 Jan, 2018 12:00am
Worst-case global warming scenarios not credible: study

Worst-case global warming scenarios not credible: study

Earth's surface will almost certainly not warm up four or five degrees Celsius by 2100, according to a study released Wednesday which, if correct, voids worst-case UN climate change predictions. A revised calculation of how greenhouse gases drive up the p
Published 22 Jan, 2018 12:00am
Google 'cloud' grows with new undersea data cables

Google 'cloud' grows with new undersea data cables

Google on Tuesday said it is adding three new undersea data cables as it continues to bulk up its ability to power cloud services around the world. The US internet behemoth has spent $30 billion improving its infrastructure during the past three years and
Published 22 Jan, 2018 12:00am
Google, Tencent eye collaboration on new technologies

Google, Tencent eye collaboration on new technologies

Internet titans Google and Tencent on Friday signalled possible future collaboration on developing new technologies as the US and Chinese firms announced a long-term patent-sharing agreement. The companies gave no details on the scope or nature of the pot
Published 22 Jan, 2018 12:00am
Microsoft tops Thomson Reuters top 100 global tech leaders list

Microsoft tops Thomson Reuters top 100 global tech leaders list

Thomson Reuters Corp on Wednesday published its debut "Top 100 Global Technology Leaders" list with Microsoft Corp in the no. 1 spot, followed by chipmaker Intel Corp and network gear maker Cisco Systems Inc. The list, which aims to identify the industry'
Published 22 Jan, 2018 12:00am
High-tech innovations displayed at Detroit auto show

High-tech innovations displayed at Detroit auto show

For the technology phobic, the Einride T-Pod autonomous cargo truck could be the stuff of nightmares. It is an imposing sight, lacking a traditional driver's cab, and looks like it might have been dreamed up by a sci-fi filmmaker. The electric truck was o
Published 22 Jan, 2018 12:00am
Lifelike robots made in Hong Kong meant to win over humans

Lifelike robots made in Hong Kong meant to win over humans

David Hanson envisions a future in which AI-powered robots evolve to become "super-intelligent genius machines" that might help solve some of mankind's most challenging problems. If only it were as simple as that.
Published 22 Jan, 2018 12:00am
Gadgets for kids still big at tech show despite concerns

Gadgets for kids still big at tech show despite concerns

The children's section at the giant Consumer Electronics Show this week touted "innovations that enable 21st century kids to learn and play smarter than ever." The timing may have been unfortunate following revived concerns of the dangers of too much tech
Published 22 Jan, 2018 12:00am
BlackBerry launches cybersecurity software for self-driving cars

BlackBerry launches cybersecurity software for self-driving cars

Canadian software maker BlackBerry Ltd on Monday launched a new cybersecurity software, which identifies vulnerabilities in programs used in self-driving cars. The product, called Blackberry Jarvis, is being marketed first to automakers - a group of custo
Published 22 Jan, 2018 12:00am
Facebook to let users rank 'trust' in news sources
Kerb

Facebook to let users rank 'trust' in news sources

Facebook announced Friday it will ask its two billion users to rank their trust in news sources, in its latest attempt to combat the spread of misinformation on the social network. The change comes as the online giant seeks to address charges that it has
Published 22 Jan, 2018 12:00am
ASML fourth quarter beats expectations, sees strong 2018

ASML fourth quarter beats expectations, sees strong 2018

ASML, the Dutch supplier of equipment to key chip makers, reported a better-than-expected net profit for the fourth quarter as several customers asked for early delivery of products amid a booming semiconductor industry. The world's biggest maker of litho
Published 22 Jan, 2018 12:00am
ASML fourth quarter beats expectations, sees strong 2018

ASML fourth quarter beats expectations, sees strong 2018

ASML, the Dutch supplier of equipment to key chip makers, reported a better-than-expected net profit for the fourth quarter as several customers asked for early delivery of products amid a booming semiconductor industry. The world's biggest maker of litho
Published 22 Jan, 2018 12:00am
Ericsson to write down 1.4 billion euros in fourth quarter

Ericsson to write down 1.4 billion euros in fourth quarter

Swedish telecoms equipment maker Ericsson on Tuesday said it would write down 14.2 billion kronor (1.4 billion euros, $1.8 billion) in assets as the troubled company struggles to compete in a rapidly changing sector. The writedowns, which will be booked i
Published 22 Jan, 2018 12:00am
Amazon shortlists 20 cities for second headquarters

Amazon shortlists 20 cities for second headquarters

Amazon.com Inc has short-listed 20 cities and regions, including one in Canada, for the construction of a second headquarters that it says will generate 50,000 new, high-paying jobs. Major US centers including New York City, Los Angeles, Chicago and Washi
Published 22 Jan, 2018 12:00am
De Beers turns to blockchain to guarantee diamond purity

De Beers turns to blockchain to guarantee diamond purity

Anglo American's diamond unit De Beers aims to launch the first industry-wide blockchain this year to track gems each time they change hands starting from the moment they are dug from the ground, its chief executive said on Tuesday. De Beers, the world's
Published 22 Jan, 2018 12:00am
Citigroup says women have a pay gap of 1 percent compared to men

Citigroup says women have a pay gap of 1 percent compared to men

Under pressure to provide data on pay equity, US financial giant Citigroup said Tuesday its female and minority employees face a pay gap of just one percent compared to men. "We found that women are paid on average 99% of what men are paid, and minorities
Published 22 Jan, 2018 12:00am
TSMC forecasts record 2018 revenue
Currency

TSMC forecasts record 2018 revenue

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) expects a boom in the cryptocurrency market to drive up demand for high-end chips and help it post a record revenue this year, outweighing softening sales to smartphone vendors. TSMC's outlook highlights a
Published 22 Jan, 2018 12:00am
Global carmakers' investment in electric vehicles surges to $90 billion

Global carmakers' investment in electric vehicles surges to $90 billion

Ford Motor Co's plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows. That money is pouring in to a
Published 22 Jan, 2018 12:00am
Euro surge threatens profitable bond trades
Exchange

Euro surge threatens profitable bond trades

The euro's sizzling January rally is undermining one of the most profitable bond market trades of recent years by potentially raising hedging costs and thereby eroding profits of overseas investors. Japanese and US investors have long bought European sove
Published 22 Jan, 2018 12:00am
Euro surge threatens profitable bond trades
Exchange

Euro surge threatens profitable bond trades

The euro's sizzling January rally is undermining one of the most profitable bond market trades of recent years by potentially raising hedging costs and thereby eroding profits of overseas investors. Japanese and US investors have long bought European sove
Published 22 Jan, 2018 12:00am
US CFTC sues three virtual currency operators for fraud
Currency

US CFTC sues three virtual currency operators for fraud

The US derivatives watchdog said on Friday that it has filed charges against three separate virtual currency operators alleging the defendants had defrauded customers and broken other commodity trading rules, in a further sign regulators globally are crac
Published 22 Jan, 2018 12:00am
Most of Middle Eastern stocks fall, Saudi index retreats further

Most of Middle Eastern stocks fall, Saudi index retreats further

Most Middle Eastern stock markets fell on Sunday with Saudi Arabia pulling further away from a major resistance level, although a surge by fuel distributor ADNOC Distribution buoyed Abu Dhabi. The Saudi index slipped 0.3 percent to 7,513 points, retreatin
Published 22 Jan, 2018 12:00am
Thailand raises overseas transfer limit by money agents
Exchange

Thailand raises overseas transfer limit by money agents

Thailand's central bank said on Monday it raised the limit on overseas transfers by money agents to facilitate the ease of doing business, as the baht hovered near a 3-1/2-year high against the dollar. They now can transfer up to 800,000 baht ($25,039) pe
Published 22 Jan, 2018 12:00am
China's money rates inch up

China's money rates inch up

China's primary money rates edged up again this week, lifted by strong demand for cash from financial institutions and by market expectations that policy will remain tight after data showed robust fourth-quarter economic growth. The volume-weighted averag
Published 22 Jan, 2018 12:00am
Credit Bank of Moscow plans dollar-denominated Eurobond

Credit Bank of Moscow plans dollar-denominated Eurobond

Russia's Credit Bank of Moscow plans to issue a dollar-denominated Eurobond, two sources in the financial and banking sectors told Reuters on Thursday. Credit Bank of Moscow declined to comment on the issue, which would come in the next two weeks, debt ma
Published 22 Jan, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 82.88-82.88 (Previous 82.88-82.88).
Published 22 Jan, 2018 12:00am
Hedge funds start 2018 with record $19 billion bet on the euro
Currency

Hedge funds start 2018 with record $19 billion bet on the euro

Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near term. Data from the Chicago Futures Trading Commiss
Published 22 Jan, 2018 12:00am
Hedge funds start 2018 with record $19 billion bet on the euro
Currency

Hedge funds start 2018 with record $19 billion bet on the euro

Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near term. Data from the Chicago Futures Trading Commiss
Published 22 Jan, 2018 12:00am
Wall Street week ahead: where Netflix goes, Big Tech may follow

Wall Street week ahead: where Netflix goes, Big Tech may follow

Netflix Inc's quarterly results on Monday may offer an advanced preview of whether Facebook Inc, Amazon.com Inc and other heavyweights behind much of the US stock market's record-breaking rally can keep delivering. Wall Street on Friday shrugged off a loo
Published 22 Jan, 2018 12:00am
North Korea delegates arrive in South for pre-Olympics inspection

North Korea delegates arrive in South for pre-Olympics inspection

North Korean delegates arrived in South Korea on Sunday to prepare for cultural performances during next month's Winter Olympics, in the first visit by Pyongyang officials to the South for four years. Television footage showed seven officials led by Hyon
Published 22 Jan, 2018 12:00am
Real Madrid out of top four as Villarreal win

Real Madrid out of top four as Villarreal win

Villarreal moved above Real Madrid and into the top four in La Liga after a 2-1 win over Levante on Saturday that piled more pressure on the struggling champions' coach Zinedine Zidane. Valencia had two players sent off as they fell to a shock 2-1 defeat
Published 22 Jan, 2018 12:00am
Rafa survives test as Dimitrov ousts Kyrgios

Rafa survives test as Dimitrov ousts Kyrgios

Rafael Nadal battled through a huge test to make his 10th Australian Open quarter-final Sunday as Grigor Dimitrov ousted Nick Kyrgios to join him and Caroline Wozniacki kicked into top gear. On an overcast and muggy day at Melbourne Park, the Spanish worl
Published 22 Jan, 2018 12:00am
Candy Land win KP Twenty20 Youth Cup

Candy Land win KP Twenty20 Youth Cup

Candy Land clinched the trophy after defeating Khyber Agency by 34 runs in the final of the first Khyber Pakhtunkhwa Youth Twenty20 Cricket Tournament being played here at Arbab Niaz Cricket Stadium on Sunday. Candy Land team skipper won the toss and elec
Published 22 Jan, 2018 12:00am
Root, Stokes among marquee players for IPL auction

Root, Stokes among marquee players for IPL auction

Foreign stars including England captain Joe Root, Australian paceman Mitchell Starc and South Africa captain Faf du Plessis dominate the list of top-ranking players for this year's IPL auction. Bidding will start at $312,500 for the top 36 to come under t
Published 22 Jan, 2018 12:00am
Injured Mathews ruled out of tri-nation series

Injured Mathews ruled out of tri-nation series

Sri Lanka skipper Angelo Mathews was Sunday ruled out of the remainder of the tri-nation one-day tournament in Bangladesh due to a hamstring injury. Stand-in-captain Dinesh Chandimal confirmed the development after Sri Lanka's five-wicket win over Zimbabw
Published 22 Jan, 2018 12:00am
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