Germany's biggest lender Deutsche Bank launched asset management arm DWS onto the Frankfurt stock market Friday, with shares in the subsidiary climbing higher than the asking price in early trading. After the opening bell rang, the stock reached 32.55 eur
Germany's biggest lender Deutsche Bank launched asset management arm DWS onto the Frankfurt stock market Friday, with shares in the subsidiary climbing higher than the asking price in early trading. After the opening bell rang, the stock reached 32.55 eur
Veronica Cabe still remembers every minute of the more than 12 hours she and her family spent huddled on the roof of their two-storey home in Manila in 2009, as floodwaters swept past, carrying dead bodies, animal carcasses and coffins. Typhoon Ketsana, w
German sportswear maker Adidas reported Wednesday higher profits in 2017 thanks to worldwide sales growth in its most popular lines and efficiency savings, saying the performance put it on track for more muscular returns in future. Net profit at the group
German sportswear maker Adidas reported Wednesday higher profits in 2017 thanks to worldwide sales growth in its most popular lines and efficiency savings, saying the performance put it on track for more muscular returns in future. Net profit at the group
The International Monetary Fund on Friday released an additional $257 million in funds for Tunisia as part of its four-year, $3 billion loan agreement. The IMF board approved the second review of the country's economic performance under the financial aid
Dana Gas will seek shareholder approval to pay a dividend for 2017, it said on Sunday, in a move that could complicate its legal dispute with investors demanding that the company settles $700 million of Islamic bonds. The United Arab Emirates energy produ
Africa's leaders will gather in Rwanda Wednesday to launch what they say will be the world's largest free trade area but Nigeria has already pulled out, highlighting the challenge in getting the continent to sign up. Establishing the African Continental F
The safe haven Japanese yen sagged on Tuesday as optimism that the United States and China could begin negotiations on trade helped ease concerns about a trade war, reviving demand for riskier assets. Global markets were shaken last week after US Presiden
The euro fell on Tuesday, as concerns about weak inflation and a slowdown in company borrowing raised questions about the momentum of the euro zone's economic expansion. After a big gain on Monday, the euro had added another 0.3 percent to hit $1.2476 in
The dollar rose against a basket of major currencies on Tuesday, rebounding from a five-week low hit earlier in the session, as trade tensions receded and the greenback found support from month-end flows.
The US dollar fell to a five-week low against a basket of major currencies on Monday, as optimism that the United States and China are set to begin negotiations on trade helped ease fears of a trade war and investors' appetite for risk improved.
US Treasury yields rose and the yield curve flattened on Monday following a lacklustre two-year note auction, in a test of investor appetite following last week's strong run spurred by nervousness about a global trade war. The $30 billion two-year note su
China's yuan held gains against the US dollar at the domestic close on Tuesday, following a roller-coaster run as persistent weakness in the greenback prompted some bargain hunting to cap gains in the Chinese currency. The spot market opened at 6.2579 per
Asian currencies rose on Tuesday as reports of talks between the United States and China soothed investor concerns about a trade war, whetting their appetite for riskier assets. Reflecting this improved sentiment, MSCI's broadest index of Asia-Pacific sha
The Sri Lankan rupee closed slightly stronger on Tuesday as exporter dollar sales and inward remittances surpassed importer demand for the US currency, dealers said. The rupee closed at 156.00/10 per dollar, compared with Monday's close of 156.05/15.
Sterling bounced off the day's lows but is on track to post its biggest daily loss in a month on Tuesday as expectations of selling pressure from a large corporate healthcare deal prompted investors to take profits after a recent rally. The British curren
The Australian and New Zealand dollars gained against the yen on Tuesday as fears of a US-China trade war abated as reports of quiet negotiations between the two countries revived risk appetite. The Australian dollar rose for a second straight day to 81.7
Saudi Arabia's stock market climbed to a 31-month high on Tuesday, once again outperforming the rest of the region in anticipation of a positive decision by FTSE on Wednesday to include the kingdom in its secondary emerging markets index. The Saudi index
Tokyo stocks rallied on Tuesday as fears of a global trade war eased and as testimony to parliament about a cronyism scandal dogging Japan's premier produced few damaging revelations. The benchmark Nikkei 225 index gained 2.65 percent or 551.22 points to
The S&P 500 and the Dow rose on Tuesday, led by gains in industrial and consumer staple shares, while weakness in technology stocks dragged down the Nasdaq. Stocks have been volatile in the session after the main US indexes notched their best day in 2-1/2
Wall Street scored its best day in 2-1/2 years and the Dow Jones Industrial Average saw its third-biggest point gain ever on Monday, as trade war fears eased on reports the United States and China are willing to renegotiate tariffs and trade imbalances. T
Sri Lankan shares fell on Tuesday to their lowest close in nine weeks as negative sentiment over the island nation's slower economic growth continued to weigh on the market. However, foreign investors bought a net 477.1 million rupees ($3.06 million) wort
US Treasury yields rose and the yield curve flattened on Monday following a lacklustre two-year note auction, in a test of investor appetite following last week's strong run spurred by nervousness about a global trade war. The $30 billion two-year note su
Pakistan Culture Day was co-hosted by the Embassy of Pakistan and the Shanghai Cooperation Organization (SCO) at the SCO Secretariat here. Welcoming the guests, the Secretary General of SCO, Rashid Alimov said that today's musical performance by Pakistani
Clashes in India between supporters of Prime Minister Narendra Modi's party and those of an opposition party snowballed into Hindu-Muslim rioting, with three people killed and dozens injured over two days of violence, police said on Tuesday. The trouble i
Clashes in India between supporters of Prime Minister Narendra Modi's party and those of an opposition party snowballed into Hindu-Muslim rioting, with three people killed and dozens injured over two days of violence, police said on Tuesday. The trouble i
Opec and Russia are working on a long-term deal to cooperate on oil supply curbs that could extend controls over world oil supplies by major exporters for many years to come. Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were
Opec and Russia are working on a long-term deal to cooperate on oil supply curbs that could extend controls over world oil supplies by major exporters for many years to come. Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were
Opec and Russia are working on a long-term deal to cooperate on oil supply curbs that could extend controls over world oil supplies by major exporters for many years to come. Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were
A Chinese bishop recognised by the Vatican has been arrested in his diocese just as Beijing and the Holy See are set to confirm a historic agreement on the appointment of bishops, a Vatican-linked website reported. AsiaNews, run by the Pontifical Institut
It is a matter of satisfaction that while some of the sectors like external sector of the country are in a very poor shape, the financial sector of the economy is doing exceptionally well. According to the latest Quarterly Performance Review (QPR) of the
The row over the poisoning through a nerve agent of a former Russian double agent and his daughter in Britain seems to be escalating. At Britain's urging, 18 countries, including the US and Canada and 16 European Union members, have expelled Russian diplo
The much anticipated trade war has begun. Of the two contestants the one that fired the shot - the United States of America - appears to be fighting tomorrow's war with yesterday's weapons while the other one - China - seems to be meeting the onslaught wi
When electric carmaker Tesla Inc. launched its first mass market model last summer, it sent a shockwave through the aluminium industry by largely shifting to steel and away from the lighter weight metal it had used in its first two luxury models.
Sliding trend persisted on the currency market on Tuesday at the rupee dropped modestly versus the dollar in the process of trading activity, experts said. The rupee slipped by three paisas in terms of the dollar for buying at Rs 115.48, while the nationa
In 1973 - Zulfikar Ali Bhutto (ZAB) held the first Islamic heads of state Conference. It was a great event, showcasing Islamic solidarity. ZAB was at his charming best. Late at night, viewing the proceedings on my black and white TV I commented to my wife
Sliding trend persisted on the currency market on Tuesday at the rupee dropped modestly versus the dollar in the process of trading activity, experts said. The rupee slipped by three paisas in terms of the dollar for buying at Rs 115.48, while the nationa
The ideal of freedom of expression in India has become illusory under the government of Narendra Modi. In recent days, hit-and-run attackers killed two journalists in separate incidents that underlined India's reputation as one of the most dangerous place
Faysal Bank Limited has announced to introduce mobile app for trading in government securities. This is another step towards digitalization whereby Faysal Self Invest users can independently track maturities, coupon sand yields of their investments enabli
The Supreme Court directed Sui Southern Gas Company (SSGC) Ltd on Tuesday to provide list of hotels, banks and institutes which have been supplied gas for power generation by Thursday (tomorrow). A three-judge bench, headed by Chief Justice Mian Saqib Nis
The federal cabinet has deferred the decision regarding increase in Central Excise Duty (CED) on edible oil in Fata and Pata till announcement of the next federal budget, official sources told Business Recorder. On March 13, 2018, the cabinet was i
The Chief Justice of Islamabad High Court constituted a larger bench on Tuesday for hearing Pakistan Tehreek-e-Insaf (PTI) leader Usman Dar's petition seeking disqualification of Federal Foreign Minister Khawaja Asif for concealing his 'Iqama' (work permi
A parliamentary panel and Election Commission of Pakistan (ECP) appear to be on a collision course over delimitation of constituencies and it is feared that the Commission's "stubbornness" in cooperating with the lawmakers may cause delay in holding of th
Vice President of China Public Diplomacy Association Hu Zhengyue has said that the under the Belt and Road initiative, the China will continue to promote the deepening of understanding and friendship with Pakistan and other countries in the Asia Pacific r
Pakistan People's Party (PPP) secretary general Syed Nayyar Hussain Bukhari, reacting to General Pervez Musharraf's (retd) statement that he will not return back to the country, has said it was already known to all that coward dictator will not return bac
Former Prime Minister Nawaz Sharif on Monday said that all state institutions should work within their constitutional limits. Sharif said this while speaking at an informal meeting of the party leaders which was also attended by Pakhtunkhwa Milli Awami Pa
Pakistan Tehreek-e-Insaf (PTI) strongly reacted to Fauzia Kasuri's diatribe against the party, saying her venom against the party is because she was denied a Senate ticket in the recently held elections. Kasuri, a senior PTI leader, has been moving from p
Youth Forum For Kashmir (YFK) - an international Kashmir lobby group held a seminar on the 'Role Of a Lawyer in Challenging Human Rights Violations In Indian-Occupied Jammu & Kashmir', in collaboration with the Islamabad High Court Bar Association (HCBA)
Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb talking to the media outside the Ehtesab Court here on Tuesday said that Nawaz Sharif along with his family members was appearing in the court three
The MQM-P split, if it persists till elections 2018, will delegate the two factions into a fourth or fifth position in the National Assembly and a distant third position in the Sindh provincial assembly. This was the outcome of background interviews with
Awami National Party (ANP) KP chapter president and former chief minister Amir Haider Hoti has said that the federal government has told a lie about the Western route of China-Pakistan Economic Corridor (CPEC), saying that the route isn't visible so far w
The National Assembly Standing Committee on Foreign Affairs expressed displeasure on Tuesday over the huge cost incurred on the newly constructed block at Ministry of Foreign Affairs (MFA) due to changes in its design. The committee met with Makhdum Khusr
The Association of Builders and Developers of Pakistan (ABAD) has proposed the government to exempt individual (expatriate or local) from disclosing source of funding on the purchase of first unit in Pakistan in order to get maximum investments in real es
The Association of Builders and Developers of Pakistan (ABAD) has proposed the government to exempt individual (expatriate or local) from disclosing source of funding on the purchase of first unit in Pakistan in order to get maximum investments in real es
Provincial Minister for Prisons Malik Ahmed Yar Hinjra has said that jails have been transformed into reformation centers in the province due to initiates taken by the Punjab government. The minister said this while talking to a five-member delegation led
Speakers at a pre-conference workshop related to the '6th International Conference on Endorsing Health Science Research' (ICEHCR 2018), have said that mostly, Pakistanis fall to drug-addiction because they don't consider it inappropriate and also underest
Korangi police took custody of most wanted suspect Raeesuddin alias 'Mama' at the Quaid-e-Azam International Airport in the wee hours of Tuesday morning. According to police sources, the suspect, a former sector in-charge of the Muttahida Qaumi Movement (
Uber, the global smartphone app that seamlessly connects riders to drivers, announces the launch of uberMOTO in Pakistan, which will be starting from Lahore. uberMOTO will give access to thousands of people to quick, convenient and affordable transport, a
Soaring temperature sizzled parts of Sindh in the last 24 hours, mercury touched 44 degrees Celsius in Shaheed Benazirabad District, the Met Office on Tuesday. Nawabshah simmered at 43.5 degrees Celsius while Sakrund, Mithi, Hyderabad and Chhor 43, each.
Federal government is endeavoring to resolve problems confronted by textile sector on top priority bases and many steps had already been taken in this regards said Secretary Textile. Talking to Business Recorder, Federal Secretary for Textile division Has
SEPCOIII and GE Power (NYSE: GE) successfully completed a Reliability Run Test (RRT) at the Haveli Bahadur Shah Power Plant in Jhang, Pakistan. The RRT is a critical milestone towards the completion of the plant, which is being developed by the Government
Lord Mayor Lahore Colonel Mubashir Javed (retd) said that business community has the potential to turn Pakistan into an economic giant. While speaking at the Lahore Chamber of Commerce & Industry on Tuesday, he said the world is in a state of 'economic wa
Representatives of real estate sector have warned the government to launch a countrywide protest campaign against imposition of heavy taxes on real estate sector. Speaking at a news conference at Peshawar Press Club on Tuesday, Chairman Federation of Real
In line with the chain of events pertinent to Af-Pak economic connectivity, Pakistan Afghanistan Joint Chamber of Commerce & Industry (PAJCCI) recently conducted a roundtable meeting on March 26, 2018. The main emphasis of this event was to nurture the en
Director General National Accountability Bureau (NAB) Shahzad Saleem handed over Rs 7.360 million cheque on Tuesday to President of Gujranwala Irrigation Employees Cooperative Housing Society (GIECHS).
An Iranian delegation headed by Kamal Kharrazi, Head of Strategic Council on Foreign Relations called on National Security Adviser Lieutenant General Nasser Khan Janjua (retd) this afternoon. Kamal Kharrazi acts as a think tank for the supreme leader and
The Lahore Electric Supply Company (LESCO) has initiated massive campaign to portray that power supplies are intact and upgradation of transmission system is underway to compete with scorching summer ahead. The LESCO management is highlighting by all poss
The Pakistan Chemical Manufacturers Association (PCMA) has urged Commerce Minister Pervez Malik to defer signing on second phase of Free Trade Agreement (FTA) with China to ensure necessary protection to the local industry. PCMA Chairman Zubair F Tufail s
Leading Pakistan delegation to the Tashkent Conference on Afghanistan, Foreign Minister Khwaja Asif Tuesday emphasized the need for a regional approach for lasting peace and stability in Afghanistan, and the region. He appreciated Uzbekistan and its leade
On the directions of the Punjab government, the financial assistance of Rs 3.97 million has been distributed among the 794 deserving persons of Christian community. Deputy Commissioner Salman Ghani distributed the financial assistance cheques among the me
KCCI member, economic analyst and AMTF executive director, Ateeq-ur-Rehman has expressed concern over currency devaluation which, he says, does not offer long-term sustainability for exporters rather it increases the cost of doing business by soaring pric
Pak Qatar Takaful Group Limited (PQTG) has deployed Oracle Cloud to help protect its business and provide Disaster Recovery (DR). This helps ensure that Pak Qatar Takaful Group will be able to safeguard itself and maintain or quickly resume mission-critic
"So Theresa May has successfully energized several countries, around 24 I believe, to expel Russian diplomats due to the nerve gas poisoning of a Russian double agent and his daughter in London."
Pakistan's High Commissioner to India Sohail Mahmood visited the Dargah of Hazrat Khwaja Syed Moinuddin Hasan Chishti (RA) in Ajmer Sharif, where the celebrations of his 806th Urs are currently under way. The high commissioner laid the traditional Chaddar
Prime Minister Shahid Khaqan Abbasi on Tuesday inaugurated the Tolanj Processing Facility, a gas processing plant that will further enhance gas supplies to the North of Pakistan including Khyber Pakhtunkhwa. MOL Pakistan has completed the commissioning of
"Safe and Secure-Pakistan exhibition is a great example of public private partnership where we can exchange the best practices of safety and security models used with the latest technologies in various parts of the world and the region , now Safe Secure P