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Print - 2018-07-25
MEP delegation calls on Haroon

MEP delegation calls on Haroon

A seven-member delegation of Members of European Parliament (MEP) Tuesday called on Foreign Minister Abdullah Hussain Haroon here at the Ministry of Foreign Affairs. The delegation, which was led by Jean Lambert MEP, is a part of the European Union's Elec
Published 25 Jul, 2018 12:00am
Strategic partnership: China ready to work with new government

Strategic partnership: China ready to work with new government

China will work with new government in Pakistan with same zeal and spirit in promoting their strategic cooperative partnership. This was stated by the spokesperson for Chinese foreign ministry Geng Shuang here on Tuesday at a regular news briefing. He sai
Published 25 Jul, 2018 12:00am
UK seeks to reinstate Barclays fraud charges over Qatar loan

UK seeks to reinstate Barclays fraud charges over Qatar loan

Britain's Serious Fraud Office is seeking to reinstate fraud charges against Barclays over its emergency fundraising from Qatar in the financial crisis, the bank said Tuesday. The SFO has lodged an application in London's High Court to seek the reinstatem
Published 25 Jul, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 24, 2018).

Published 25 Jul, 2018 12:00am
UK seeks to reinstate Barclays fraud charges over Qatar loan

UK seeks to reinstate Barclays fraud charges over Qatar loan

Britain's Serious Fraud Office is seeking to reinstate fraud charges against Barclays over its emergency fundraising from Qatar in the financial crisis, the bank said Tuesday. The SFO has lodged an application in London's High Court to seek the reinstatem
Published 25 Jul, 2018 12:00am
UK seeks to reinstate Barclays fraud charges over Qatar loan

UK seeks to reinstate Barclays fraud charges over Qatar loan

Britain''s Serious Fraud Office is seeking to reinstate fraud charges against Barclays over its emergency fundraising from Qatar in the financial crisis, the bank said Tuesday. The SFO has lodged an application in London''s High Court to seek the reinstat
Published 25 Jul, 2018 12:00am
Belarus extends visa-free travel for tourists to 30 days

Belarus extends visa-free travel for tourists to 30 days

Belarus on Tuesday announced that it is extending visa-free travel for tourists from five days to 30 days in a move that could attract more visitors to the ex-Soviet state on the European Union's doorstep.
Published 25 Jul, 2018 12:00am
Belarus extends visa-free travel for tourists to 30 days

Belarus extends visa-free travel for tourists to 30 days

Belarus on Tuesday announced that it is extending visa-free travel for tourists from five days to 30 days in a move that could attract more visitors to the ex-Soviet state on the European Union's doorstep.
Published 25 Jul, 2018 12:00am
Belarus extends visa-free travel for tourists to 30 days

Belarus extends visa-free travel for tourists to 30 days

Belarus on Tuesday announced that it is extending visa-free travel for tourists from five days to 30 days in a move that could attract more visitors to the ex-Soviet state on the European Union''s doorstep.
Published 25 Jul, 2018 12:00am
June 2018: Discos allowed 50.66-paisa power tariff raise

June 2018: Discos allowed 50.66-paisa power tariff raise

The National Electric Power Regulatory Authority (Nepra) has allowed Distribution Companies (Discos) to increase power tariff by 50.66 paisa per unit for June 2018 across the board except lifeline consumers under monthly fuel price adjustment mechanism. T
Published 25 Jul, 2018 12:00am
June 2018: Discos allowed 50.66-paisa power tariff raise

June 2018: Discos allowed 50.66-paisa power tariff raise

The National Electric Power Regulatory Authority (Nepra) has allowed Distribution Companies (Discos) to increase power tariff by 50.66 paisa per unit for June 2018 across the board except lifeline consumers under monthly fuel price adjustment mechanism. T
Published 25 Jul, 2018 12:00am
June 2018: Discos allowed 50.66-paisa power tariff raise

June 2018: Discos allowed 50.66-paisa power tariff raise

The National Electric Power Regulatory Authority (Nepra) has allowed Distribution Companies (Discos) to increase power tariff by 50.66 paisa per unit for June 2018 across the board except lifeline consumers under monthly fuel price adjustment mechanism. T
Published 25 Jul, 2018 12:00am
Israel says shoots down Syrian warplane

Israel says shoots down Syrian warplane

Israel shot down a Syrian fighter jet with surface-to-air missiles Tuesday after the plane infiltrated airspace it controls, the military said, in a rare incident that could provoke tensions. Israel signalled that the plane's infiltration may have been th
Published 25 Jul, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 24, 2018).

Published 25 Jul, 2018 12:00am
Israel says shoots down Syrian warplane

Israel says shoots down Syrian warplane

Israel shot down a Syrian fighter jet with surface-to-air missiles Tuesday after the plane infiltrated airspace it controls, the military said, in a rare incident that could provoke tensions. Israel signalled that the plane's infiltration may have been th
Published 25 Jul, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 24, 2018).

Published 25 Jul, 2018 12:00am
'1,000 coffins': Deputy Commissioner makes 'irresponsible' statement

'1,000 coffins': Deputy Commissioner makes 'irresponsible' statement

A show cause notice will be issued to Peshawar Deputy Commissioner Imran Hamid Sheikh after he stated that his administration has prepared 1000 coffins in case of emergency on July 25 (the day of general election 2018). In the video footage that went vira
Published 25 Jul, 2018 12:00am
'1,000 coffins': Deputy Commissioner makes 'irresponsible' statement

'1,000 coffins': Deputy Commissioner makes 'irresponsible' statement

A show cause notice will be issued to Peshawar Deputy Commissioner Imran Hamid Sheikh after he stated that his administration has prepared 1000 coffins in case of emergency on July 25 (the day of general election 2018). In the video footage that went vira
Published 25 Jul, 2018 12:00am
Qatar, US launch expansion of Al-Udeid airbase

Qatar, US launch expansion of Al-Udeid airbase

The US and Qatar launched a plan Tuesday to expand Al-Udeid airbase, the biggest military facility used by Washington in the Gulf as it battles jihadists, Qatari state media said. The two countries also discussed making Al-Udeid a "permanent" base, the of
Published 25 Jul, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 24, 2018)

Published 25 Jul, 2018 12:00am
Qatar, US launch expansion of Al-Udeid airbase

Qatar, US launch expansion of Al-Udeid airbase

The US and Qatar launched a plan Tuesday to expand Al-Udeid airbase, the biggest military facility used by Washington in the Gulf as it battles jihadists, Qatari state media said. The two countries also discussed making Al-Udeid a "permanent" base, the of
Published 25 Jul, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 24, 2018).

Published 25 Jul, 2018 12:00am
Well-performing trade officers recalled

Well-performing trade officers recalled

Commerce Division has reportedly recalled five well performing Trade Officers in a bizarre fashion without approval from the Prime Minister, threatening to stop their salaries and disciplinary action in case of delay in leaving the host country, well info
Published 25 Jul, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 25 Jul, 2018 12:00am
Well-performing trade officers recalled

Well-performing trade officers recalled

Commerce Division has reportedly recalled five well performing Trade Officers in a bizarre fashion without approval from the Prime Minister, threatening to stop their salaries and disciplinary action in case of delay in leaving the host country, well info
Published 25 Jul, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 25 Jul, 2018 12:00am
Well-performing trade officers recalled

Well-performing trade officers recalled

Commerce Division has reportedly recalled five well performing Trade Officers in a bizarre fashion without approval from the Prime Minister, threatening to stop their salaries and disciplinary action in case of delay in leaving the host country, well info
Published 25 Jul, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 24, 2018).

Published 25 Jul, 2018 12:00am
The Weather

The Weather

The weather report on Tuesday (July 24, 2018) and the forecast for Wednesday (July 25, 2018).

Published 25 Jul, 2018 12:00am
Sisi inaugurates energy projects as Egypt goes into surplus

Sisi inaugurates energy projects as Egypt goes into surplus

President Abdel Fattah al-Sisi on Tuesday inaugurated energy projects across Egypt as the country pumps up its electricity production surplus after years of power cuts that peaked in 2014. Power cuts were a key factor behind massive street protests that l
Published 25 Jul, 2018 12:00am
Sisi inaugurates energy projects as Egypt goes into surplus

Sisi inaugurates energy projects as Egypt goes into surplus

President Abdel Fattah al-Sisi on Tuesday inaugurated energy projects across Egypt as the country pumps up its electricity production surplus after years of power cuts that peaked in 2014. Power cuts were a key factor behind massive street protests that l
Published 25 Jul, 2018 12:00am
Sisi inaugurates energy projects as Egypt goes into surplus

Sisi inaugurates energy projects as Egypt goes into surplus

President Abdel Fattah al-Sisi on Tuesday inaugurated energy projects across Egypt as the country pumps up its electricity production surplus after years of power cuts that peaked in 2014. Power cuts were a key factor behind massive street protests that l
Published 25 Jul, 2018 12:00am
Risk of a trade war

Risk of a trade war

US President Donald Trump continues to be tough with China, the EU and some other developed countries on trade matters. Speaking to CNBC's Joe Kernen on 20th July, 2018, he said that he was ready to impose tariffs on every dollar of imports from China and
Published 25 Jul, 2018 12:00am
Nation goes to the polls today

Nation goes to the polls today

The air is unfortunately characterized by suspicion and doubt as the nation goes to the polls today, although all institutions, including the military, have taken all possible steps aimed at holding free, fair and transparent general elections and no majo
Published 25 Jul, 2018 12:00am
The PERA diluted
Currency

The PERA diluted

In a four-part series (March 2018) we had reviewed the history of Protection of Economic Reforms Act (PERA), 1992 and the ills it has inflicted on the economy of Pakistan. We had given a set of eight recommendations to reform this legislation as its conti
Published 25 Jul, 2018 12:00am
Water security

Water security

Chief Justice of Pakistan Justice Saqib Nisar has launched a fund to collect the needed resources to build the Diamer-Bhasha Dam which when completed is expected to cost an estimated $20 billion.
Published 25 Jul, 2018 12:00am
Shifting of burden of proof Barrister

Shifting of burden of proof Barrister

There is no denying the fact that civil liability is different from the criminal liability. The former entails damages, whereas, the latter encapsulates fine, imprisonment, besides forfeiture of ill gotten assets, disqualification from holding public offi
Published 25 Jul, 2018 12:00am
Potential investment under CPEC to save Pakistan's economy

Potential investment under CPEC to save Pakistan's economy

Current economic situation of Pakistan is not just because of the 5 years poor governance, but, it's a series of lack of governance since decades. It must be in one's mind that the all favorite IK, if elected as PM, will unable to CHANGE Pakistan and won'
Published 25 Jul, 2018 12:00am
820,853 security personnel to guard 85,307 polling stations today

820,853 security personnel to guard 85,307 polling stations today

In the wake of terror threats, over 820,853 security personnel of Pakistan army, Rangers, Frontier Constabulary (FC) and Police have been deployed to guard 85,307 polling stations across the country to avert any untoward incident during general elections
Published 25 Jul, 2018 12:00am
Election Media Centre set up at PID

Election Media Centre set up at PID

Caretaker Federal Minister for Information and Broadcasting, National Heritage and Law Affairs Barrister Syed Ali Zafar Tuesday inaugurated Media Centre established at Press Information Department (PID) Islamabad to ensure maximum publicity and facilitate
Published 25 Jul, 2018 12:00am
Over 17 million KP voters set to elect 97 MPAs, 51 MNAs today

Over 17 million KP voters set to elect 97 MPAs, 51 MNAs today

Over 17 million registered voters of Khyber Pakthunkhwa are all set to go to cast votes to elect 97 members for the provincial assembly for five-year term (2018-2023) and new government for the province today (Wednesday). The voters will also elect 51 mem
Published 25 Jul, 2018 12:00am
Rich tributes paid to Jamsheed Marker

Rich tributes paid to Jamsheed Marker

Rich tributes were paid to Ambassador Jamsheed Marker, a Pakistani diplomat par excellence who passed away on June 21, at a solemn meeting organized by the Pakistan Mission to the United Nations to commemorate his life and services.
Published 25 Jul, 2018 12:00am
Campaign continues on social media

Campaign continues on social media

Only social media campaign continues despite the deadline of Election Commission of Pakistan to stop campaign 48 hours before election. According to code of conduct of ECP the election campaign of political parties and candidates have ended the night fall
Published 25 Jul, 2018 12:00am
Marryam terms Nawaz's reported deal 'baseless'

Marryam terms Nawaz's reported deal 'baseless'

Spokesperson Pakistan Muslim League-Nawaz (PML-N) Marryium Aurangzeb has categorically rejected the fake news reported by a section of media that the party Chief Nawaz Sharif had struck a 'deal', a day before the general election in the country.
Published 25 Jul, 2018 12:00am
Pakistan army team to participate in international games

Pakistan army team to participate in international games

A contingent of Pakistan armed forces has arrived in China to participate in the international army games starting from July 28, in Korla, northwest Xinjiang Uygur Autonomous Region. "Pakistani contingent will participate in one contest namely 'clear sky'
Published 25 Jul, 2018 12:00am
MQM-P Vs PSP: Interesting electoral battle expected in Karachi

MQM-P Vs PSP: Interesting electoral battle expected in Karachi

Muttahida Qaumi Movement Pakistan (MQM-P) and Pak Sarzameen Party (PSP) will be engaged in the most-interesting electoral battle in Karachi on Wednesday (today) to prove their claim of being the true representative of Urdu-speaking community of the city.
Published 25 Jul, 2018 12:00am
Hot weather likely in Sindh today

Hot weather likely in Sindh today

About 105 million voters are expected to witness mainly hot weather today (Wednesday) when they will go out to make their ballot in Sindh, the Met Office said on Tuesday. It said that the most parts of Sindh are likely to sizzle with mainly hot to very ho
Published 25 Jul, 2018 12:00am
MQM-P announces support for GDA, JUI-F, Jamshoro Ittehad's candidates

MQM-P announces support for GDA, JUI-F, Jamshoro Ittehad's candidates

Muttahida Qaumi Movement-Pakistan (MQM-P) has announced the names of those electoral contestants from other parties whom the party is supporting in various constituencies of National Assembly from Sindh and Provincial Assembly of the province.
Published 25 Jul, 2018 12:00am
MMA chief urges nation to cast vote in peaceful manner

MMA chief urges nation to cast vote in peaceful manner

Muthahida Majlis-e-Amal (MMA) president Maulana Fazalur Rehman has appealed the nation for casting the vote in peaceful manner today and keep the people and country secured from any kind of anarchy. According to central media office of JUI-F, he was talki
Published 25 Jul, 2018 12:00am
General elections: Foolproof security arrangements made in Sindh

General elections: Foolproof security arrangements made in Sindh

The spokesman for the Sindh government has categorically denied the rumours being spread through the social media about law and order and stated the caretaker provincial government has taken foolproof security measure in connection with the general electi
Published 25 Jul, 2018 12:00am
Rapid response force established: IG Police

Rapid response force established: IG Police

Inspector General Police Sindh, Amjad Javed Saleemi, has said that a rapid response force, with the coordination of law enforcing agencies, has been established to respond to any emergency situation during election. Speaking at a meeting of Korangi Associ
Published 25 Jul, 2018 12:00am
PNSC contributes Rs 20 million to dams fund

PNSC contributes Rs 20 million to dams fund

The Pakistan National Shipping Corporation (PNSC) has contributed Rs 20 million to the fund for the construction of Diamer-Bhasha and Mohmand dams. Chairman PNSC Rizwan Ahmed called on the Chief Justice of Pakistan (CJP) Justice Mian Saqib Nisar in this r
Published 25 Jul, 2018 12:00am
21 Karachi-based business tycoons in the run for polls

21 Karachi-based business tycoons in the run for polls

As many as 21 businessmen and industrialists, including one businesswoman, are taking part in general elections on various political parties' tickets or as independent contestants from Karachi alone to get representation in national and provincial legisla
Published 25 Jul, 2018 12:00am
Law ministry urged to take up issue of derogatory posts with US

Law ministry urged to take up issue of derogatory posts with US

The Senate Standing Committee on Interior Tuesday asked the Federal Investigation Agency (FIA), Pakistan Telecommunication Authority (PTA) and Ministry of Law and Justice to prepare a plan for taking up the issue of derogatory posts on Twitter with the US
Published 25 Jul, 2018 12:00am
Total lunar eclipse on July 27th, 28th

Total lunar eclipse on July 27th, 28th

The longest lunar eclipse of the 21 century is taking place in Pakistan on July 27 and 28, which is expected to last for 103 minutes, the Met Office has said. The longest astrological event will also be visible from Europe, Asia, Australia, Africa, South
Published 25 Jul, 2018 12:00am
GDA-MMA pose challenge in PPP's strongholds

GDA-MMA pose challenge in PPP's strongholds

Tough contests between PPP and GDA/MMA in rural constituencies and exciting competitions among MQM-P, MMA, PSP and PTI in most of the constituencies falling in Karachi are expected in the elections to National Assembly and Provincial Assembly.
Published 25 Jul, 2018 12:00am
Erdogan calls Israel world's 'most fascist, racist' state

Erdogan calls Israel world's 'most fascist, racist' state

Turkish President Recep Tayyip Erdogan on Tuesday branded Israel the "most fascist, racist state" in the world after Israel's parliament passed a new law defining the country as the nation state of the Jewish people.
Published 25 Jul, 2018 12:00am
Prime Minister opens showcasing of two vintage cars

Prime Minister opens showcasing of two vintage cars

Caretaker Prime Minister former Justice Nasir-ul-Mulk on Monday inaugurated the showcasing of two vintage cars at Pakistan Monument. The cars had been under use of the country's former heads of government as well as visiting dignitaries from time to time.
Published 25 Jul, 2018 12:00am
NPOs, charities: SECP, Nacta decide to share data, information

NPOs, charities: SECP, Nacta decide to share data, information

The Securities and Exchange Commission of Pakistan (SECP) and National Counter Terrorism Authority (NACTA) have decided to share data and information on non-profit organizations (NPOs) and charities in accordance with the relevant laws. This has been agre
Published 25 Jul, 2018 12:00am
ECP empowers army to give sentence on the spot

ECP empowers army to give sentence on the spot

Army personnel deputed for election duty have been empowered to pass sentence on-the-spot during election duty. Election Commission of Pakistan (ECP) through a notification has empowered army personnel deputed for election duty to exercise the powers of a
Published 25 Jul, 2018 12:00am
CJ takes notice of lease of LDA land

CJ takes notice of lease of LDA land

Chief Justice Mian Saqib Nisar Tuesday took notice of lease of Lahore Development Authority (LDA) land to oil companies at "low" prices in Lahore. The notice was taken on an application of Abdullah Malik. Malik stated the land was allotted on throwaway pr
Published 25 Jul, 2018 12:00am
Chronicle of an election foretold

Chronicle of an election foretold

The July 25 2018, general elections one of the most controversial general elections in the history of Pakistan. Seldom have polls been questioned regarding their being free, fair and transparent as roundly as these have. This alleged pre-poll rigging has
Published 25 Jul, 2018 12:00am
US MIDDAY: gold higher

US MIDDAY: gold higher

Gold inched higher on Tuesday as the US dollar slipped and market watchers anticipated US economic growth data on Friday. Spot gold gained 0.13 percent at $1,225.70 per ounce by 1:36 p.m. EDT (1736 GMT), while US gold futures for August delivery settled d
Published 25 Jul, 2018 12:00am
US MIDDAY: soya jumps

US MIDDAY: soya jumps

US soyabean futures climbed to two-week highs on expectations the Trump administration would announce an aid program on Tuesday to help protect American farmers from economic pain stemming from trade disputes. Under a White House plan, which has yet to be
Published 25 Jul, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold ticked higher on Tuesday as the dollar slipped, but struggled to stabilise after weeks of losses. Spot gold was 0.3 percent firmer at $1,227.70 an ounce at 1345 GMT while US gold futures for August delivery rose 0.2 percent to $1,227.80 an ounce.
Published 25 Jul, 2018 12:00am
Gold down in Asia

Gold down in Asia

Gold prices edged down on Tuesday on a firmer dollar and a rise in US Treasury yields and as investors' reaction to the dispute between the United States and Iran remained muted. Spot gold was down 0.3 percent at $1,220.27 an ounce at 0703 GMT.
Published 25 Jul, 2018 12:00am
Gold falls in New York
Currency

Gold falls in New York

Gold prices fell toward one-year lows on Monday as the US dollar held on to strength against the currencies of key bullion consumers China and India. Gold has tumbled 10 percent since mid-April as a surge in the greenback made dollar-priced bullion more e
Published 25 Jul, 2018 12:00am
New York cocoa extends losses to 4-1/2 months low
Currency

New York cocoa extends losses to 4-1/2 months low

New York cocoa futures on ICE fell for the second straight day on Tuesday, dropping to a 4-1/2-month low while the London market dropped to a five-week trough, with both markets pressured by chart-based selling after falling below key levels.
Published 25 Jul, 2018 12:00am
Palm oil futures down
Vegetable Oil

Palm oil futures down

Malaysian palm oil futures fell to their lowest in more than a week on Tuesday evening, charting a second consecutive session of losses on expectations that production will rise in the coming weeks. The benchmark palm oil contract for October delivery on
Published 25 Jul, 2018 12:00am
Rubber slumps to 22-month low

Rubber slumps to 22-month low

Benchmark Tokyo rubber futures slumped to a nearly 22-month low on Tuesday on concerns that an escalating US-China trade dispute may dent growth in China, the world's biggest rubber buyer. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for r
Published 25 Jul, 2018 12:00am
Oil rises as fears of oversupply ebb

Oil rises as fears of oversupply ebb

Oil prices rose on Tuesday as the market shifted focus to the possibility of increased Chinese demand, drawing attention away from trade tensions between that country and the United States. Brent crude settled 38 cents higher at $73.44 a barrel, after it
Published 25 Jul, 2018 12:00am
Colombia to create new system for oil round bidding

Colombia to create new system for oil round bidding

Colombia is preparing changes to its bidding process for oil areas in an effort to increase investment and find new reserves, the head of the oil regulator said, after repeated cancellations of its latest oil round.
Published 25 Jul, 2018 12:00am
Aluminium hits two-week high as funds cut short positions
Currency

Aluminium hits two-week high as funds cut short positions

Aluminium hit a two-week high on Tuesday as funds cut bets on lower prices placed in anticipation of sanctions on Rusal being lifted, with the market also factoring in an expected drop in supplies from China. Benchmark aluminium ended up 0.7 percent at $2
Published 25 Jul, 2018 12:00am
Dollar grinds upward in NY on higher Treasury yields
Currency

Dollar grinds upward in NY on higher Treasury yields

The US dollar marched steadily higher on Monday, helped by a rise in Treasury yields on expectations that the Federal Reserve would continue raising interest rates despite criticism from President Donald Trump. The relatively small gains in the dollar com
Published 25 Jul, 2018 12:00am
Trump hails start of dismantling North Korean missile site

Trump hails start of dismantling North Korean missile site

US President Donald Trump welcomed Tuesday reports that North Korea has started dismantling facilities at its main satellite launch station, which is seen as a testing ground for intercontinental ballistic missiles. New satellite imagery shows "that North
Published 25 Jul, 2018 12:00am
Sterling rallies
Currency

Sterling rallies

The pound hit a five-day high versus the dollar on Tuesday as the greenback lost momentum, but the outlook for the British currency was clouded by fresh angst over Brexit and doubts about the economy. Weak economic data and renewed political uncertainty o
Published 25 Jul, 2018 12:00am
Asian currencies fall
Currency

Asian currencies fall

Emerging Asian currencies fell on Tuesday as bond yields climbed globally and markets were impacted by speculation the Bank of Japan(BoJ) could modify its huge stimulus programme and by fears United States interest rates would keep steadily rising.
Published 25 Jul, 2018 12:00am
Aussie, kiwi down
Currency

Aussie, kiwi down

The Australian and New Zealand dollars hovered near multi-month lows on Tuesday as traders wagered interest rates in the two countries will stay at record lows for some time yet compared to the steady pace of tightening by the US Federal Reserve. The Aust
Published 25 Jul, 2018 12:00am
Euro rebounds; bitcoin hits $8,000 in Europe
Currency

Euro rebounds; bitcoin hits $8,000 in Europe

The euro headed towards a two-week high on Tuesday after surveys showed eurozone business growth remained robust, although fears of a trade war with the United States kept the single currency trapped in narrow ranges. With the US central bank likely to ra
Published 25 Jul, 2018 12:00am
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