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Print - 2018-05-27
Oil & Gas exploration: KP government opens six dormant blocks

Oil & Gas exploration: KP government opens six dormant blocks

The government of Khyber Pakhtunkhwa has opened six blocks for oil and gas exploration, including Marwat, Kohat, Goragulto, Wali, Latamber and Paharpur. These blocks had been dormant for the last 10 years. Out of 28, twenty-seven blocks are now active in
Published 27 May, 2018 12:00am
Thousands march in France against Macron reforms

Thousands march in France against Macron reforms

Tens of thousands of people took to the streets across France on Saturday to demonstrate against Emmanuel Macron's policies, but the turnout fell short of expectations and the president said nothing would stop his economic reforms. Organisers had called
Published 27 May, 2018 12:00am
Thousands march in France against Macron reforms

Thousands march in France against Macron reforms

Tens of thousands of people took to the streets across France on Saturday to demonstrate against Emmanuel Macron's policies, but the turnout fell short of expectations and the president said nothing would stop his economic reforms. Organisers had called
Published 27 May, 2018 12:00am
Fata-KP merger: KP Assembly to hold important session today

Fata-KP merger: KP Assembly to hold important session today

An important session of the Khyber Pakhtunkhwa Assembly will be held on Sunday (today) to deliberate upon the merger of Fata with Khyber Pakhtunkhwa. KP Governor Iqbal Zafar Jhagra has convened the meeting upon the request of the provincial government. Th
Published 27 May, 2018 12:00am
Fata-KP merger: KP Assembly to hold important session today

Fata-KP merger: KP Assembly to hold important session today

An important session of the Khyber Pakhtunkhwa Assembly will be held on Sunday (today) to deliberate upon the merger of Fata with Khyber Pakhtunkhwa. KP Governor Iqbal Zafar Jhagra has convened the meeting upon the request of the provincial government. Th
Published 27 May, 2018 12:00am
Fata-KP merger: Pakistan rejects Afghan official's statement

Fata-KP merger: Pakistan rejects Afghan official's statement

Pakistan on Saturday rejected a statement issued by the official of Afghan press agency on the merger of the tribal areas with Khyber Pakhtunkhwa, urging the Afghan side to adhere to the principles of non-interference in other countries internal affairs.
Published 27 May, 2018 12:00am
'Five small dams constructed in KP'

'Five small dams constructed in KP'

Khyber Pakhtunkhwa has constructed five small dams at the cost of Rs 2291.55 million to irrigate over 10000 agriculture land and benefit thousands of people in various parts of the province, said Economic Review KP 2016-17. The completed small dams includ
Published 27 May, 2018 12:00am
Renowned novelist Mazhar Kaleem passes away

Renowned novelist Mazhar Kaleem passes away

Famed Urdu spy-fiction novelist Mazhar Kaleem passed away on Saturday after a prolonged illness. He was 75. Kaleem was best known for his 'Imran' series of Urdu spy novels originally created by Ibn-e-Safi. One of Urdu's best-selling spy novels, the series
Published 27 May, 2018 12:00am
Collector Appeals bound to dispose of stay applications in seven days

Collector Appeals bound to dispose of stay applications in seven days

The Collectors of Customs (Appeals) would be bound to dispose of stay applications of taxpayers within seven working days of fixation under the revised procedure for filing and disposal of stay application. The Federal Board of Revenue (FBR) has issued re
Published 27 May, 2018 12:00am
Collector Appeals bound to dispose of stay applications in seven days

Collector Appeals bound to dispose of stay applications in seven days

The Collectors of Customs (Appeals) would be bound to dispose of stay applications of taxpayers within seven working days of fixation under the revised procedure for filing and disposal of stay application. The Federal Board of Revenue (FBR) has issued re
Published 27 May, 2018 12:00am
Collector Appeals bound to dispose of stay applications in seven days

Collector Appeals bound to dispose of stay applications in seven days

The Collectors of Customs (Appeals) would be bound to dispose of stay applications of taxpayers within seven working days of fixation under the revised procedure for filing and disposal of stay application. The Federal Board of Revenue (FBR) has issued re
Published 27 May, 2018 12:00am
Ambassador to US Ali to assume charge on May 29

Ambassador to US Ali to assume charge on May 29

Pakistan's ambassador-designate to US Ali Jaha-ngir Siddiqui will join his office on May 29, a private news channel reported. He is said to have left for the US last night. In 2014, he was honoured by the World Economic Forum as a Young Global Leader.
Published 27 May, 2018 12:00am
Ambassador to US Ali to assume charge on May 29

Ambassador to US Ali to assume charge on May 29

Pakistan's ambassador-designate to US Ali Jaha-ngir Siddiqui will join his office on May 29, a private news channel reported. He is said to have left for the US last night. In 2014, he was honoured by the World Economic Forum as a Young Global Leader.
Published 27 May, 2018 12:00am
PSDP 2017-18: Govt releases Rs 676.3 billion for uplift projects so far

PSDP 2017-18: Govt releases Rs 676.3 billion for uplift projects so far

The government has released Rs 676.3 billion (90.2 percent) including Rs 155.8 billion foreign aid for different development projects so far under the Public Sector Development Programme (PSDP) 2017-18) against the total revised budgeted allocation of Rs
Published 27 May, 2018 12:00am
PSDP 2017-18: Govt releases Rs 676.3 billion for uplift projects so far

PSDP 2017-18: Govt releases Rs 676.3 billion for uplift projects so far

The government has released Rs 676.3 billion (90.2 percent) including Rs 155.8 billion foreign aid for different development projects so far under the Public Sector Development Programme (PSDP) 2017-18) against the total revised budgeted allocation of Rs
Published 27 May, 2018 12:00am
PSDP 2017-18: Govt releases Rs 676.3 billion for uplift projects so far

PSDP 2017-18: Govt releases Rs 676.3 billion for uplift projects so far

The government has released Rs 676.3 billion (90.2 percent) including Rs 155.8 billion foreign aid for different development projects so far under the Public Sector Development Programme (PSDP) 2017-18) against the total revised budgeted allocation of Rs
Published 27 May, 2018 12:00am
China to provide $2.9 billion financing for Railways

China to provide $2.9 billion financing for Railways

China will put in $2.890 billion financing to upgrade Pakistan Railways (PR) Mainline -I (ML-I) in the first phase of the project under China-Pakistan Economic Corridor (CPEC) investment framework. The total cost of the project comes around $ 3.400 billio
Published 27 May, 2018 12:00am
China to provide $2.9 billion financing for Railways

China to provide $2.9 billion financing for Railways

China will put in $2.890 billion financing to upgrade Pakistan Railways (PR) Mainline -I (ML-I) in the first phase of the project under China-Pakistan Economic Corridor (CPEC) investment framework. The total cost of the project comes around $ 3.400 billio
Published 27 May, 2018 12:00am
China to provide $2.9 billion financing for Railways

China to provide $2.9 billion financing for Railways

China will put in $2.890 billion financing to upgrade Pakistan Railways (PR) Mainline -I (ML-I) in the first phase of the project under China-Pakistan Economic Corridor (CPEC) investment framework. The total cost of the project comes around $ 3.400 billio
Published 27 May, 2018 12:00am
Cyclone Mekunu subsides after lashing Oman, killing two

Cyclone Mekunu subsides after lashing Oman, killing two

Cyclone Mekunu was downgraded to a tropical storm Saturday, a day after lashing the southern coast of Oman and killing at least two people, authorities said. The storm had intensified to a category two cyclone as it hit Oman's Dhofar and Al-Wusta province
Published 27 May, 2018 12:00am
Cyclone Mekunu subsides after lashing Oman, killing two

Cyclone Mekunu subsides after lashing Oman, killing two

Cyclone Mekunu was downgraded to a tropical storm Saturday, a day after lashing the southern coast of Oman and killing at least two people, authorities said. The storm had intensified to a category two cyclone as it hit Oman's Dhofar and Al-Wusta province
Published 27 May, 2018 12:00am
Korean leaders meet to salvage Trump-Kim summit

Korean leaders meet to salvage Trump-Kim summit

North and South Korea's leaders held surprise talks on Saturday to get a historic summit between Kim Jong Un and US President Donald Trump back on track after a head-spinning series of twists and turns. The meeting is the latest remarkable diplomatic chap
Published 27 May, 2018 12:00am
Korean leaders meet to salvage Trump-Kim summit

Korean leaders meet to salvage Trump-Kim summit

North and South Korea's leaders held surprise talks on Saturday to get a historic summit between Kim Jong Un and US President Donald Trump back on track after a head-spinning series of twists and turns. The meeting is the latest remarkable diplomatic chap
Published 27 May, 2018 12:00am
Tough times ahead for former ISI chief

Tough times ahead for former ISI chief

Lieutenant-General Asad Durrani (retd), former chief ISI, must clear his position by 28 May over breach of military code of conduct through publication of "The Spy Chronicles: RAW, ISI and the Illusion of Peace" that he co-authored with former chief of In
Published 27 May, 2018 12:00am
Tough times ahead for former ISI chief

Tough times ahead for former ISI chief

Lieutenant-General Asad Durrani (retd), former chief ISI, must clear his position by 28 May over breach of military code of conduct through publication of "The Spy Chronicles: RAW, ISI and the Illusion of Peace" that he co-authored with former chief of In
Published 27 May, 2018 12:00am
Elections on July 25

Elections on July 25

President Mamnoon Hussain on Saturday evening approved a summary sent by the Election Commission of Pakistan (ECP) for the general elections 2018 to be held on July 25. The current government will conclude its five-year term on May 31, after which the car
Published 27 May, 2018 12:00am
Elections on July 25

Elections on July 25

President Mamnoon Hussain on Saturday evening approved a summary sent by the Election Commission of Pakistan (ECP) for the general elections 2018 to be held on July 25. The current government will conclude its five-year term on May 31, after which the car
Published 27 May, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (May 26, 2018) and the forecast for Sunday (May 27, 2018).

Published 27 May, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 26, 2018).

Published 27 May, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 26, 2018)

Published 27 May, 2018 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 (May 26, 2018).

Published 27 May, 2018 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 (May 26, 2018).

Published 27 May, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 26, 2018).

Published 27 May, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 26, 2018).

Published 27 May, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market as the rupee sustained overnight levels against the dollar in the process of trading activity, dealers said.
Published 27 May, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market as the rupee sustained overnight levels against the dollar in the process of trading activity, dealers said.
Published 27 May, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (May 26, 2018).

Published 27 May, 2018 12:00am
European gasoline margins rise on low stocks

European gasoline margins rise on low stocks

Benchmark northwest European gasoline refining margins rose on Thursday on low stock levels in Europe, which followed bullish stock data from the United States in the previous session. Supporting levels were the outage of a crude distillation unit and hyd
Published 27 May, 2018 12:00am
China's Sinopec to boost US crude imports to all-time high

China's Sinopec to boost US crude imports to all-time high

Sinopec, Asia's largest refiner, will boost US crude oil imports to an all-time high as China tries to reduce its trade deficit with the United States, two sources with knowledge of the matter said on Wednesday. The company's trading arm Unipec has bought
Published 27 May, 2018 12:00am
Brazilian sugar mills, soyabean processors hit by truckers protests

Brazilian sugar mills, soyabean processors hit by truckers protests

Brazilian sugar producers and soyabean processors say their operations have been affected by nationwide truckers protests against high diesel prices that entered a third day on Wednesday, industry groups said on Wednesday. Cane industry group Unica said s
Published 27 May, 2018 12:00am
CBOT soyabean lower

CBOT soyabean lower

Chicago Board of Trade (CBOT) soyabean futures declined for the first time in five sessions on Thursday, pressured by profit-taking and technical selling after hopes for accelerated buying by China lifted prices to three-week highs. CBOT July soyabeans en
Published 27 May, 2018 12:00am
Russia and Ukraine face lower grain crops in 2018

Russia and Ukraine face lower grain crops in 2018

Russia and Ukraine, major global grain exporters, may face slightly lower grain crop than last year's record production due to dry weather in some of their regions, analysts and weather forecasters said. Russia and Ukraine export their grain to customers
Published 27 May, 2018 12:00am
Indian rice prices fall to lowest in a year

Indian rice prices fall to lowest in a year

Rice prices in India fell for the third straight week to their lowest level in a year as the rupee slipped to a 16-month low, while markets in other top exporters remained relatively muted. Rates for India's 5 percent broken parboiled variety dropped by $
Published 27 May, 2018 12:00am
Lean business on cotton market
Cotton

Lean business on cotton market

Subdued business was seen on the cotton market on Saturday in process of trading, dealers said. The official spot rate was unchanged at Rs 7,500, they added. In the ready session, a single deal reported till our going to the press, they said. According to
Published 27 May, 2018 12:00am
Palm oil mixed on European vegoils market
Vegetable Oil

Palm oil mixed on European vegoils market

Palm oil on the European vegetable oils market traded in a tight range on Thursday as expectations for weak export demand in May were offset by a firmer trend in CBOT soyaoil futures. Asking prices for palm oil were between $2.50 a tonne higher and $5 low
Published 27 May, 2018 12:00am
Argentina to freeze soyabean tax cut program
Currency

Argentina to freeze soyabean tax cut program

Argentina may halt the gradual lowering of soyabean export taxes as the government speeds up its deficit-cutting effort, Treasury Minister Nicolas Dujovne said on Thursday, prompting push-back from farmers already hurting from a soya crop reduced by droug
Published 27 May, 2018 12:00am
CBOT wheat falls after 10-month high

CBOT wheat falls after 10-month high

Chicago Board of Trade (CBOT) wheat futures ended weaker on Thursday on profit-taking after a rally to 10-month highs as dry weather threatened crop prospects in the US Plains and other key production areas around the world. CBOT July soft red winter whea
Published 27 May, 2018 12:00am
Indonesia coffee premiums narrow further, weather helps in Vietnam

Indonesia coffee premiums narrow further, weather helps in Vietnam

Indonesia's coffee premiums narrowed further on expectations of an increase in supply ahead of this year's harvest, while in Vietnam weather conditions are positive for coffee growers but trade remains slow on tight supplies. Premiums for Indonesia's grad
Published 27 May, 2018 12:00am
Chinese steel, iron ore futures higher for 1st time in seven sessions

Chinese steel, iron ore futures higher for 1st time in seven sessions

Chinese steel and iron ore futures closed higher for the first time in seven sessions on Thursday on expectation that the recent sell-off has reached its limit. The most-traded steel rebar contract, for October delivery, on the Shanghai Futures Exchange r
Published 27 May, 2018 12:00am
Asian naphtha two-session high

Asian naphtha two-session high

Asia's naphtha crack was at a two-session high of $114.80 a tonne on Thursday, only 0.6 percent shy of a 5-1/2 month high hit on May 22, supported by strong demand. Premiums for July spot cargoes in South Korea have gone above $15 a tonne, compared with p
Published 27 May, 2018 12:00am
Warm spell adds to strain on EU rapeseed crops

Warm spell adds to strain on EU rapeseed crops

A warm, dry spell in Europe may reduce harvest yields for rapeseed, the continent's most important oilseed crop, by adding pressure on plants that have endured adverse weather since sowing, analysts said. Summer-style weather in the past month has helped
Published 27 May, 2018 12:00am
Disastrous Cuban sugar harvest may force imports

Disastrous Cuban sugar harvest may force imports

Rainfall has shuttered all but a few of Cuba's 54 sugar mills, with output down nearly 40 percent to the lowest level in more than a century, which could force the island to import, official media and industry sources say. While inclement weather played a
Published 27 May, 2018 12:00am
Big-name hedge funds bought healthcare stocks in first quarter

Big-name hedge funds bought healthcare stocks in first quarter

Prominent hedge fund managers appeared to make big first-quarter bets in UnitedHealth Group Inc, Anthem Inc and other health insurers whose shares tumbled in January after Jeff Bezos, Warren Buffett and Jamie Dimon in January announced a joint venture to
Published 27 May, 2018 12:00am
Big-name hedge funds bought healthcare stocks in first quarter

Big-name hedge funds bought healthcare stocks in first quarter

Prominent hedge fund managers appeared to make big first-quarter bets in UnitedHealth Group Inc, Anthem Inc and other health insurers whose shares tumbled in January after Jeff Bezos, Warren Buffett and Jamie Dimon in January announced a joint venture to
Published 27 May, 2018 12:00am
CEFC Shanghai defaults on $327 million in bond payments

CEFC Shanghai defaults on $327 million in bond payments

CEFC Shanghai International Group Ltd, a subsidiary of troubled China CEFC Energy, said on Monday it missed bond payments totalling 2.09 billion yuan ($327.3 million), becoming the latest private Chinese company to default amid a crackdown on financial ri
Published 27 May, 2018 12:00am
CEFC Shanghai defaults on $327 million in bond payments

CEFC Shanghai defaults on $327 million in bond payments

CEFC Shanghai International Group Ltd, a subsidiary of troubled China CEFC Energy, said on Monday it missed bond payments totalling 2.09 billion yuan ($327.3 million), becoming the latest private Chinese company to default amid a crackdown on financial ri
Published 27 May, 2018 12:00am
Italy's bond yield gap with Germany hits 200 bps

Italy's bond yield gap with Germany hits 200 bps

Italy's bond yield spread over its German equivalent stretched to its widest for nearly a year on Friday and the spread over Spain hit crisis-era levels on fears over the spending policies and eurosceptic outlook of the incoming Italian government. The cl
Published 27 May, 2018 12:00am
Italy's bond yield gap with Germany hits 200 bps

Italy's bond yield gap with Germany hits 200 bps

Italy's bond yield spread over its German equivalent stretched to its widest for nearly a year on Friday and the spread over Spain hit crisis-era levels on fears over the spending policies and eurosceptic outlook of the incoming Italian government. The cl
Published 27 May, 2018 12:00am
Brazilian stocks sink amid crippling truckers' strike
Currency

Brazilian stocks sink amid crippling truckers' strike

Brazil's main stock market fell to a five-month low and its real currency weakened on Friday as the fifth day of a truckers' protest over fuel prices hobbled a wide range of industries from aviation to agribusiness. The key auto sector ground to a halt, a
Published 27 May, 2018 12:00am
Treasuries outlook: Italy, Spain fears boost demand for US bonds

Treasuries outlook: Italy, Spain fears boost demand for US bonds

US Treasury yields fell to their lowest level in three weeks on Friday as concerns about Italy's new government and a leadership challenge in Spain boosted demand for low-risk debt. Italian Prime Minister-designate Giuseppe Conte began putting together hi
Published 27 May, 2018 12:00am
Treasuries outlook: Italy, Spain fears boost demand for US bonds

Treasuries outlook: Italy, Spain fears boost demand for US bonds

US Treasury yields fell to their lowest level in three weeks on Friday as concerns about Italy's new government and a leadership challenge in Spain boosted demand for low-risk debt. Italian Prime Minister-designate Giuseppe Conte began putting together hi
Published 27 May, 2018 12:00am
Kenya aims to issue green sovereign bond

Kenya aims to issue green sovereign bond

Kenya plans to make a "green" bond issue in the 2018/19 (July-June) fiscal year, senior government officials said on Thursday, as the country diversifies its borrowing on financial markets. The proceeds from green bonds help to finance projects in the ren
Published 27 May, 2018 12:00am
Kenya aims to issue green sovereign bond

Kenya aims to issue green sovereign bond

Kenya plans to make a "green" bond issue in the 2018/19 (July-June) fiscal year, senior government officials said on Thursday, as the country diversifies its borrowing on financial markets. The proceeds from green bonds help to finance projects in the ren
Published 27 May, 2018 12:00am
Philippines to launch minimum $571 million retail bond on May 30

Philippines to launch minimum $571 million retail bond on May 30

The Philippines' Bureau of the Treasury said on Friday it would begin an offer of 2021 retail treasury bonds on May 30. The launch of a minimum 30 billion pesos ($570.6 million) worth of 3-year retail bonds would come two days before the central bank's 1
Published 27 May, 2018 12:00am
Philippines to launch minimum $571 million retail bond on May 30

Philippines to launch minimum $571 million retail bond on May 30

The Philippines' Bureau of the Treasury said on Friday it would begin an offer of 2021 retail treasury bonds on May 30. The launch of a minimum 30 billion pesos ($570.6 million) worth of 3-year retail bonds would come two days before the central bank's 1
Published 27 May, 2018 12:00am
GE stock recovers from lows as key CEO presentation nears

GE stock recovers from lows as key CEO presentation nears

A year ago, Jeff Immelt told investors at an industry conference there was a "mismatch" between the performance of company he led, General Electric Co, and its stock price. Immelt, whose departure as chief executive was announced last June, proved prescie
Published 27 May, 2018 12:00am
GE stock recovers from lows as key CEO presentation nears

GE stock recovers from lows as key CEO presentation nears

A year ago, Jeff Immelt told investors at an industry conference there was a "mismatch" between the performance of company he led, General Electric Co, and its stock price. Immelt, whose departure as chief executive was announced last June, proved prescie
Published 27 May, 2018 12:00am
TSX falls

TSX falls

The Toronto Stock Exchange's S&P/TSX fell 37.95 points, or 0.24 percent, to 16,075.67 on Friday, its fourth straight decline, as a drop in oil prices weighed on the energy sector. The biggest contributor to the TSX loss was Suncor Energy with 15.95 net in
Published 27 May, 2018 12:00am
GreenSky edges higher on market debut

GreenSky edges higher on market debut

GreenSky LLC, an online platform for consumers to get loans for home improvements or cosmetic surgery, made its market debut on Thursday, with shares rising slightly above the initial public offering price. The Atlanta-based firm's upsized initial public
Published 27 May, 2018 12:00am
GreenSky edges higher on market debut

GreenSky edges higher on market debut

GreenSky LLC, an online platform for consumers to get loans for home improvements or cosmetic surgery, made its market debut on Thursday, with shares rising slightly above the initial public offering price. The Atlanta-based firm's upsized initial public
Published 27 May, 2018 12:00am
S&P 500 companies return $1 trillion to shareholders in tax-cut surge

S&P 500 companies return $1 trillion to shareholders in tax-cut surge

S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report on Friday showed. In the 12 months
Published 27 May, 2018 12:00am
S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq

S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq

The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. US crude tumbled 4 percent to settle at $67.88 a barrel after Saudi Arabia and Russia said
Published 27 May, 2018 12:00am
US natural gas poised for global rise

US natural gas poised for global rise

The United States produces natural gas in abundance and is poised to become the world's third-largest exporter by 2020, a production ramp-up supported by President Donald Trump. Thanks to advances in shale gas production, notably in the northeast, America
Published 27 May, 2018 12:00am
Rusal resumes shipments of aluminium to some Customers

Rusal resumes shipments of aluminium to some Customers

United Company Rusal resumed shipping aluminium to some customers last week following an extension of the deadline for companies to wind down contracts with the Russian firm under US sanctions, sources said. The US Treasury Department moved its deadline f
Published 27 May, 2018 12:00am
Brazil economy advances in first quarter, set to accelerate

Brazil economy advances in first quarter, set to accelerate

The Brazilian economy likely expanded for a fifth straight quarter in the first three months of 2018, a Reuters poll of economists showed, suggesting fears of a slowdown may have been overblown. Forecasters largely expected economic growth to accelerate i
Published 27 May, 2018 12:00am
Brazil's truckers protest drags on despite dispatch of military

Brazil's truckers protest drags on despite dispatch of military

A truckers protest over diesel prices in Brazil that is hurting supplies of fuel, food and medicines continued for the sixth day on Saturday despite President Michel Temer ordering the military to clear blocked roads the day before. Major cities have decl
Published 27 May, 2018 12:00am
S&P affirms South Africa rating, keeps stable outlook
Currency

S&P affirms South Africa rating, keeps stable outlook

S&P Global Ratings affirmed South Africa's sub-investment grade credit rating and kept its stable outlook on Friday, warning the country's improved economic growth remained tentative and the fiscal position was still weak. Africa's most industrialised eco
Published 27 May, 2018 12:00am
S&P affirms South Africa rating, keeps stable outlook
Currency

S&P affirms South Africa rating, keeps stable outlook

S&P Global Ratings affirmed South Africa's sub-investment grade credit rating and kept its stable outlook on Friday, warning the country's improved economic growth remained tentative and the fiscal position was still weak. Africa's most industrialised eco
Published 27 May, 2018 12:00am
Britain's Brexit divorce skills get thumbs down: economists

Britain's Brexit divorce skills get thumbs down: economists

Britain's government has handled negotiations with the European Union over its departure from the bloc poorly, according to all economists in a Reuters poll, who did however say there was just a one-in-five chance of a disorderly Brexit. In June 2016, Bri
Published 27 May, 2018 12:00am
German business morale steadies despite spectre of global trade war

German business morale steadies despite spectre of global trade war

German business confidence held steady in May after falling for five straight months, a survey showed on Friday, suggesting company executives in Europe's biggest economy are keeping their cool despite the possibility of a global trade war. The Munich-bas
Published 27 May, 2018 12:00am
Latvia warns its clampdown is pushing hot money to Europe

Latvia warns its clampdown is pushing hot money to Europe

Latvia has warned the European Union to bolster fragmented money laundering controls as much of the cash now leaving the Baltic state to escape tighter scrutiny is going to other EU countries. The warning was issued by the country's prime minister and fin
Published 27 May, 2018 12:00am
Erdogan asks Turks to help prop up plunging lira
Currency

Erdogan asks Turks to help prop up plunging lira

Turkish President Recep Tayyip Erdogan on Saturday urged compatriots to change their foreign currency to the lira to help prop up the embattled currency. "My brothers, could those of you who have euros and dollars under their pillows invest their money in
Published 27 May, 2018 12:00am
Return to pre-deal oil output levels possible, says Russia's Novak

Return to pre-deal oil output levels possible, says Russia's Novak

A return to the oil production levels that were in place prior to the 2016 deal to cut output is one of the options for easing curbs, Russia's energy minister said. Sources said this week that Saudi Arabia and Russia were discussing raising Opec and non-O
Published 27 May, 2018 12:00am
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