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Print - 2018-07-26
US newspapers feel new pain from newsprint tariffs

US newspapers feel new pain from newsprint tariffs

US newspapers have taken a hit from a shift to digital news and a sharp loss of advertising, but a round of tariffs on Canadian newsprint is pushing some publications to the brink. The Commerce Department earlier this year slapped preliminary tariffs of u
Published 26 Jul, 2018 12:00am
To the victor belongs the flotsam

To the victor belongs the flotsam

Bracing against the hailstorm as you step out of the hairdresser is an apt analogy for those poised to form the government. There are humongous problems all around, problems they knew and had promised to solve. Unlike Dar, who in the short-lived 2008 coal
Published 26 Jul, 2018 12:00am
Unsavoury situation

Unsavoury situation

Islamabad High Court's (IHC's) Justice Shaukat Aziz Siddiqui's allegations of ISI meddling in the judiciary's functioning and collaboration in this allegedly sordid affair of the IHC Chief Justice (CJ) Mohammad Anwar Kasi and even those higher up have roc
Published 26 Jul, 2018 12:00am
Budget-II for 2018-19

Budget-II for 2018-19

One of the first priorities of the elected government must be to formulate and obtain parliamentary approval for a revised budget 2018-19 given that the budgeted revenue sources and expenditure allocations contained in the Abbasi-led administration's budg
Published 26 Jul, 2018 12:00am
Xi says ''no winner'' in any trade war

Xi says ''no winner'' in any trade war

China''s President Xi Jinping on Wednesday said that there would be "no winner" in any global trade war, in a direct warning to US President Donald Trump who has threatened to slap levies on all Chinese imports. "A trade war should be rejected because the
Published 26 Jul, 2018 12:00am
Xi says 'no winner' in any trade war

Xi says 'no winner' in any trade war

China's President Xi Jinping on Wednesday said that there would be "no winner" in any global trade war, in a direct warning to US President Donald Trump who has threatened to slap levies on all Chinese imports. "A trade war should be rejected because ther
Published 26 Jul, 2018 12:00am
Xi says 'no winner' in any trade war

Xi says 'no winner' in any trade war

China's President Xi Jinping on Wednesday said that there would be "no winner" in any global trade war, in a direct warning to US President Donald Trump who has threatened to slap levies on all Chinese imports. "A trade war should be rejected because ther
Published 26 Jul, 2018 12:00am
Damage from tariffs not felt yet but ''will come'': WTO chief

Damage from tariffs not felt yet but ''will come'': WTO chief

Major consequences of the tit-for-tat tariffs being levied by top economies are not evident yet "but they will come" and will wreak havoc across the global economy, the World Trade Organization chief warned Wednesday. Roberto Azevedo said he feared "this
Published 26 Jul, 2018 12:00am
Damage from tariffs not felt yet but 'will come': WTO chief

Damage from tariffs not felt yet but 'will come': WTO chief

Major consequences of the tit-for-tat tariffs being levied by top economies are not evident yet "but they will come" and will wreak havoc across the global economy, the World Trade Organization chief warned Wednesday. Roberto Azevedo said he feared "this
Published 26 Jul, 2018 12:00am
Damage from tariffs not felt yet but 'will come': WTO chief

Damage from tariffs not felt yet but 'will come': WTO chief

Major consequences of the tit-for-tat tariffs being levied by top economies are not evident yet "but they will come" and will wreak havoc across the global economy, the World Trade Organization chief warned Wednesday. Roberto Azevedo said he feared "this
Published 26 Jul, 2018 12:00am
Nominations of 3 OGDCL, PPL directors withdrawn

Nominations of 3 OGDCL, PPL directors withdrawn

The caretaker federal cabinet has withdrawn nomination of three Directors of OGDCL and PPL, fearing that they may use their positions to potentially influence their election campaigns. Official sources told Business Recorder that the cabinet was in
Published 26 Jul, 2018 12:00am
Nominations of 3 OGDCL, PPL directors withdrawn

Nominations of 3 OGDCL, PPL directors withdrawn

The caretaker federal cabinet has withdrawn nomination of three Directors of OGDCL and PPL, fearing that they may use their positions to potentially influence their election campaigns. Official sources told Business Recorder that the cabinet was in
Published 26 Jul, 2018 12:00am
Nominations of 3 OGDCL, PPL directors withdrawn

Nominations of 3 OGDCL, PPL directors withdrawn

The caretaker federal cabinet has withdrawn nomination of three Directors of OGDCL and PPL, fearing that they may use their positions to potentially influence their election campaigns. Official sources told Business Recorder that the cabinet was in
Published 26 Jul, 2018 12:00am
CPEC projects: Clearance of ''''low-risk'''' items from China allowed

CPEC projects: Clearance of ''''low-risk'''' items from China allowed

The government has decided that the clearance of ''''low-risk'''' items from China under China Pakistan Economic Corridor (CPEC) projects has been allowed through Manual cum One-Customs System under interim arrangement till Web Based One Customs (WEBOC) S
Published 26 Jul, 2018 12:00am
CPEC projects: Clearance of ''low-risk'' items from China allowed

CPEC projects: Clearance of ''low-risk'' items from China allowed

The government has decided that the clearance of ''low-risk'' items from China under China Pakistan Economic Corridor (CPEC) projects has been allowed through Manual cum One-Customs System under interim arrangement till Web Based One Customs (WEBOC) Syste
Published 26 Jul, 2018 12:00am
CPEC projects: Clearance of 'low-risk' items from China allowed

CPEC projects: Clearance of 'low-risk' items from China allowed

The government has decided that the clearance of 'low-risk' items from China under China Pakistan Economic Corridor (CPEC) projects has been allowed through Manual cum One-Customs System under interim arrangement till Web Based One Customs (WEBOC) System
Published 26 Jul, 2018 12:00am
CPEC projects: Clearance of 'low-risk' items from China allowed

CPEC projects: Clearance of 'low-risk' items from China allowed

The government has decided that the clearance of 'low-risk' items from China under China Pakistan Economic Corridor (CPEC) projects has been allowed through Manual cum One-Customs System under interim arrangement till Web Based One Customs (WEBOC) System
Published 26 Jul, 2018 12:00am
Analysis: High turnout may invalidate Nawaz's narrative

Analysis: High turnout may invalidate Nawaz's narrative

The Pakistan Muslim League-Nawaz narrative appears to have been swallowed by the international electronic media hook, line and sinker with frequent reference to 'celestial beings', the ubiquitous establishment, and pre-poll rigging through targeting elect
Published 26 Jul, 2018 12:00am
Analysis: High turnout may invalidate Nawaz's narrative

Analysis: High turnout may invalidate Nawaz's narrative

The Pakistan Muslim League-Nawaz narrative appears to have been swallowed by the international electronic media hook, line and sinker with frequent reference to 'celestial beings', the ubiquitous establishment, and pre-poll rigging through targeting elect
Published 26 Jul, 2018 12:00am
Poor first impressions of polling day: HRCP

Poor first impressions of polling day: HRCP

The Human Rights Commission of Pakistan (HRCP) has observed the electoral process across Pakistan over the past several months, paying special attention to reports of violence, allegations of pre-poll manipulation and the arrangements put in place by the
Published 26 Jul, 2018 12:00am
Poor first impressions of polling day: HRCP

Poor first impressions of polling day: HRCP

The Human Rights Commission of Pakistan (HRCP) has observed the electoral process across Pakistan over the past several months, paying special attention to reports of violence, allegations of pre-poll manipulation and the arrangements put in place by the
Published 26 Jul, 2018 12:00am
ECP rejects 'Form 45' accusation

ECP rejects 'Form 45' accusation

The Election Commission of Pakistan (ECP) has denied allegations of Pakistan Muslim League-Nawaz (PML-N) and other parties that their polling agents were not being provided Form-45. Talking to media persons here, Secretary ECP Babar Yaqoob said that all p
Published 26 Jul, 2018 12:00am
ECP rejects 'Form 45' accusation

ECP rejects 'Form 45' accusation

The Election Commission of Pakistan (ECP) has denied allegations of Pakistan Muslim League-Nawaz (PML-N) and other parties that their polling agents were not being provided Form-45. Talking to media persons here, Secretary ECP Babar Yaqoob said that all p
Published 26 Jul, 2018 12:00am
At least 31 killed in suicide blast on polling station in Quetta

At least 31 killed in suicide blast on polling station in Quetta

At least 31 people were killed and dozens injured in a suicide bomb attack on a polling station in Quetta as millions voted in a nationwide election Wednesday. Shoes and charred vehicles littered the blood-smeared road near the polling station in Quetta,
Published 26 Jul, 2018 12:00am
At least 31 killed in suicide blast on polling station in Quetta

At least 31 killed in suicide blast on polling station in Quetta

At least 31 people were killed and dozens injured in a suicide bomb attack on a polling station in Quetta as millions voted in a nationwide election Wednesday. Shoes and charred vehicles littered the blood-smeared road near the polling station in Quetta,
Published 26 Jul, 2018 12:00am
PTI retains power in KP

PTI retains power in KP

Pakistan Tehrik-e-Insaf (PTI) has obtained majority in Khyber Pakhtunkhwa Assembly and make history in Khyber Pakhtunkhwa returning to power for second term in the province. According to unofficial results PTI has secured around 60 seats out of 97 general
Published 26 Jul, 2018 12:00am
PTI retains power in KP

PTI retains power in KP

Pakistan Tehrik-e-Insaf (PTI) has obtained majority in Khyber Pakhtunkhwa Assembly and make history in Khyber Pakhtunkhwa returning to power for second term in the province. According to unofficial results PTI has secured around 60 seats out of 97 general
Published 26 Jul, 2018 12:00am
Army expresses its gratitude to nation

Army expresses its gratitude to nation

ISPR Director General Major General Asif Ghafoor on Wednesday expressed his gratitude to the people of Pakistan for displaying their love and respect for the armed forces and law enforcement agencies during the polls. In a tweet, the spokesperson for arme
Published 26 Jul, 2018 12:00am
Army expresses its gratitude to nation

Army expresses its gratitude to nation

ISPR Director General Major General Asif Ghafoor on Wednesday expressed his gratitude to the people of Pakistan for displaying their love and respect for the armed forces and law enforcement agencies during the polls. In a tweet, the spokesperson for arme
Published 26 Jul, 2018 12:00am
Linde reports strong second quarter

Linde reports strong second quarter

German industrial gases giant Linde on Tuesday reported strong performance in the second quarter, adding that preparations for a hoped-for massive merger with American rival Praxair were in "full swing". Munich-based Linde said net profits attributable to
Published 26 Jul, 2018 12:00am
Linde reports strong second quarter

Linde reports strong second quarter

German industrial gases giant Linde on Tuesday reported strong performance in the second quarter, adding that preparations for a hoped-for massive merger with American rival Praxair were in "full swing". Munich-based Linde said net profits attributable to
Published 26 Jul, 2018 12:00am
Trump holds tense trade talks with EU's Juncker

Trump holds tense trade talks with EU's Juncker

US President Donald Trump hosted the EU's Jean-Claude Juncker on Wednesday in an effort to resolve a festering trade dispute, as the European Commission chief stressed the key economies are "not enemies." Tensions spiked leading up to the high-stakes Oval
Published 26 Jul, 2018 12:00am
Britain moving ahead with post-Brexit trade deal with US: Fox

Britain moving ahead with post-Brexit trade deal with US: Fox

Britain is moving ahead with plans to negotiate a free trade deal with the United States as soon as it leaves the European Union, International Trade Secretary Liam Fox said Wednesday. But Fox also said he would like to see a "de-escalation" with Washingt
Published 26 Jul, 2018 12:00am
US has 'abandoned' role as rights champion: Jimmy Carter

US has 'abandoned' role as rights champion: Jimmy Carter

Former president Jimmy Carter has warned that the United States has "abandoned" its standing as the premier champion of human rights, showing "indifference" to abuse at home and abroad. "The United States has already lost its place as a leader of protecti
Published 26 Jul, 2018 12:00am
US reaffirms refusal to accept Russia annexing Crimea

US reaffirms refusal to accept Russia annexing Crimea

The US government said Wednesday it will not accept Russia's annexation of the Crimean peninsula from Ukraine, as President Donald Trump continues to faced recriminations over his summit with Vladimir Putin. "In concert with allies, partners, and the inte
Published 26 Jul, 2018 12:00am
Pompeo 'personally' warned Russia not to meddle in US elections

Pompeo 'personally' warned Russia not to meddle in US elections

US Secretary of State Mike Pompeo said Wednesday that he had personally warned Russian officials to abstain from interference in American elections and will work with Congress on new sanctions against Moscow. "In Helsinki, we sought to explore whether Rus
Published 26 Jul, 2018 12:00am
Mexico, Canada stress NAFTA pledge after Trump warning

Mexico, Canada stress NAFTA pledge after Trump warning

Mexico and Canada reaffirmed their commitment to the NAFTA trilateral agreement on Wednesday despite a veiled threat from United States President Donald Trump 24 hours earlier to walk away from the deal. In a letter sent to Mexico's president-elect Andres
Published 26 Jul, 2018 12:00am
Facebook hammered as user growth cools
Kerb

Facebook hammered as user growth cools

Facebook shares took a hit Wednesday after the world's biggest social network reported weaker-than-expected user growth in the first full quarter since being rocked by a series of scandals on data privacy. The company said profit was up 31 percent in the
Published 26 Jul, 2018 12:00am
The Weather

The Weather

The weather report on Wednesday (July 25, 2018) and the forecast for Thursday (July 26, 2018).

Published 26 Jul, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 26 Jul, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 26 Jul, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 Jul, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 Jul, 2018 12:00am
New Zealand to grant paid leave for domestic violence victims

New Zealand to grant paid leave for domestic violence victims

New Zealand's parliament passed legislation Wednesday granting paid leave to domestic violence victims, with supporters calling it a groundbreaking measure to help those trying to escape abusive relationships. Green Party lawmaker Jan Logie said granting
Published 26 Jul, 2018 12:00am
UN envoy returns to Yemen's Sanaa for fresh talks

UN envoy returns to Yemen's Sanaa for fresh talks

The UN's Yemen envoy returned to the capital Sanaa on Wednesday for fresh talks with rebels, as the government threatens to resume its offensive on a key port city if mediation fails.
Published 26 Jul, 2018 12:00am
Yemen rebels attack Saudi tanker in Red Sea

Yemen rebels attack Saudi tanker in Red Sea

Yemen's Huthi rebels on Wednesday attacked a Saudi oil tanker in the Red Sea, causing "minor damage" to the vessel, the Saudi-led coalition said Saudi state media cited the coalition saying the oil tanker was "the target of a Huthi-Iranian terrorist attac
Published 26 Jul, 2018 12:00am
More than 180 dead in southern Syria

More than 180 dead in southern Syria

A string of suicide blasts and raids claimed by the Islamic State group killed more than 180 people in southern Syria on Wednesday, in one of the jihadists' deadliest ever assaults in the country. The Syrian Observatory for Human Rights said the attacks h
Published 26 Jul, 2018 12:00am
Trump lashes out at Cohen over hush money tape

Trump lashes out at Cohen over hush money tape

President Donald Trump lashed out at his longtime personal lawyer Wednesday after CNN aired a tape in which the pair discussed how to hush up allegations that he had an affair with a Playboy model. "What kind of a lawyer would tape a client? So sad! Is th
Published 26 Jul, 2018 12:00am
EU member states can refuse arrest warrants: ECJ

EU member states can refuse arrest warrants: ECJ

The European Court of Justice (ECJ) on Wednesday authorised EU members to refuse arrest warrants issued by Poland if they doubt defendants will get a fair trial there. The judgement Wednesday provides the legal framework for countries to reject Polish arr
Published 26 Jul, 2018 12:00am
Macron under fire over response to security aide scandal

Macron under fire over response to security aide scandal

France's opposition lashed out at Emmanuel Macron on Wednesday over his response to revelations that his top security aide roughed up protesters, accusing the president of badly mishandling the worst scandal since he took office.
Published 26 Jul, 2018 12:00am
HIV infects one teenaged girl every three minutes: UN

HIV infects one teenaged girl every three minutes: UN

Every three minutes, a girl between the ages of 15 and 19 is infected with the virus that causes AIDS, said a UN report Wednesday that warned of a "crisis" fuelled by gender inequality. Girls and young women made up two-thirds of 15- to 19-year-olds infec
Published 26 Jul, 2018 12:00am
Turkey moves US pastor to house arrest from prison

Turkey moves US pastor to house arrest from prison

Turkey on Wednesday moved from jail to house arrest an American pastor who has spent almost two years imprisoned on terror-related charges, in a controversial case that has ratcheted up tensions with the United States.
Published 26 Jul, 2018 12:00am
Turkey approves new 'anti-terror' law to replace emergency

Turkey approves new 'anti-terror' law to replace emergency

The Turkish parliament on Wednesday approved a new "anti-terror" law that strengthens the authorities' powers in detaining suspects and imposing public order after a two-year state of emergency ended last week, state news agency Anadolu reported.
Published 26 Jul, 2018 12:00am
Egypt's economy grows 5.3 percent, highest in 10 years

Egypt's economy grows 5.3 percent, highest in 10 years

Egypt's gross domestic product grew by 5.3 percent in the 2017-18 fiscal year ending in June, the highest rate in 10 years, Planning Minister Hala al-Saeed said on Wednesday, in a further sign of recovery amid tough reforms and an IMF loan.
Published 26 Jul, 2018 12:00am
Iran replaces central bank chief
Currency

Iran replaces central bank chief

Iran replaced its central bank chief on Wednesday, local media reported, amid the fallout over banking scandals and the crisis facing the country's economy. Valiollah Seif, who had served as the bank's governor since President Hassan Rouhani took power in
Published 26 Jul, 2018 12:00am
GM cuts profit forecast, says trade war hit to car sales
Currency

GM cuts profit forecast, says trade war hit to car sales

General Motors cut its full-year profit forecast on Wednesday, in part due to higher commodity costs as it amplified its warning that mushrooming trade conflicts could dent US and global car sales. GM trimmed its earnings forecast from its prior range of
Published 26 Jul, 2018 12:00am
EU court extends GMO rules to new techniques

EU court extends GMO rules to new techniques

Plants and animals created by new techniques of genetic modification should be treated as Genetically Modified Organisms (GMOs) and follow European rules aimed at preventing damage to the environment and health, the EU's top court said on Wednesday.
Published 26 Jul, 2018 12:00am
EU judges offer no 'break' to Kit Kat trademark war

EU judges offer no 'break' to Kit Kat trademark war

The European Union's top court on Wednesday ordered the EU's intellectual property office to "reconsider" Kit Kat's bloc-wide trademark, prolonging Nestle's decade-long battle to claim exclusive rights over the chocolate bar's distinctive shape.
Published 26 Jul, 2018 12:00am
UAE port operator signs deal for logistics hub in Mali

UAE port operator signs deal for logistics hub in Mali

Dubai's global ports operator DP World said on Wednesday it has signed a deal to build a logistics hub outside Bamako, the capital of Mali. The logistics hub will be located on the main road between Senegal's capital Dakar and Bamako, in southern Mali, an
Published 26 Jul, 2018 12:00am
UK launches Brexit toolkit for EU citizens

UK launches Brexit toolkit for EU citizens

Britain on Wednesday launched a toolkit offering advice to companies employing EU citizens who wish to remain in the UK following Brexit. "The toolkit will help us to reach out to all EU citizens living in this country and help them get their new immigrat
Published 26 Jul, 2018 12:00am
Warner Bros unveils $1 billion indoor theme park in UAE

Warner Bros unveils $1 billion indoor theme park in UAE

The fantasy worlds inhabited by Superman, Batman and Wonder Woman merged with glitzy reality in the UAE on Wednesday, as Warner Bros opened a sprawling indoor theme park in Abu Dhabi. The $1 billion (850 million euro) facility boasts 29 rides and six them
Published 26 Jul, 2018 12:00am
Boeing earnings up, but reports higher costs on tanker

Boeing earnings up, but reports higher costs on tanker

Boeing reported a jump in second-quarter profits on Wednesday due to higher commercial airplane deliveries but said costs on a closely-watched Air Force tanker contract had risen again. The US aerospace giant reported net income of $2.2 billion, up 25.6 p
Published 26 Jul, 2018 12:00am
Businesses drive faster eurozone lending growth in June

Businesses drive faster eurozone lending growth in June

Lending to the private sector picked up in the eurozone in June as businesses borrowed more, data from the European Central Bank showed Wednesday. Adjusted for some purely financial transactions, the pace of growth in lending to non-financial firms jumped
Published 26 Jul, 2018 12:00am
Deutsche Bank says big-bang restructuring on track

Deutsche Bank says big-bang restructuring on track

Germany's biggest lender Deutsche Bank said Wednesday a major restructuring under its new chief executive was in full swing, as it confirmed second-quarter profits that beat analysts' previous expectations. Net profits reached 401 million euros ($468 mill
Published 26 Jul, 2018 12:00am
Coca-Cola earnings climb
Currency

Coca-Cola earnings climb

Coca-Cola reported higher profits Wednesday following a stronger soda performance in its home North American market, where it recently enacted price increases due partly to US tariffs on aluminium. Net profit at the soda giant jumped 69 percent to $2.3 bi
Published 26 Jul, 2018 12:00am
Coca-Cola earnings climb
Currency

Coca-Cola earnings climb

Coca-Cola reported higher profits Wednesday following a stronger soda performance in its home North American market, where it recently enacted price increases due partly to US tariffs on aluminium. Net profit at the soda giant jumped 69 percent to $2.3 bi
Published 26 Jul, 2018 12:00am
US new home sales hit eight-month low

US new home sales hit eight-month low

Sales of new US homes fell to an eight-month low in June, pointing to a possible slump in the housing market, government data showed Wednesday. Prices also fell while supplies rose, according to the Commerce Department, a sign that demand could be cooling
Published 26 Jul, 2018 12:00am
Banks drag down Saudi, Qatar stock markets
Currency

Banks drag down Saudi, Qatar stock markets

Banking shares slipped in Saudi Arabia and Qatar on Wednesday as investors digested a mixed bag of results. Banque Saudi Fransi, which reported lower second quarter earnings on Tuesday, was down 4.1 percent. The lender disclosed a profit of 921 million ri
Published 26 Jul, 2018 12:00am
Tokyo stocks surge

Tokyo stocks surge

Tokyo stocks gained on Wednesday with investors encouraged by solid US corporate earnings that sent Wall Street higher. The benchmark Nikkei 225 index rose 0.46 percent, or 103.77 points, to close at 22,614.25, while the broader Topix index was up 0.38 pe
Published 26 Jul, 2018 12:00am
S&P reaches highest level since February as Alphabet shares soar

S&P reaches highest level since February as Alphabet shares soar

The S&P 500 on Tuesday closed at its highest level since February 1 as Alphabet's blowout results bolstered expectations of a robust earnings season. Alphabet Inc shares touched a record high of $1,275.00 after the online search company's quarterly result
Published 26 Jul, 2018 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares rose on Wednesday, led by energy stocks, as sentiment improved on signs Beijing is loosening monetary and fiscal policies to prevent a drastic slowdown in the economy. The Hang Seng index rose 0.9 percent to 28,920.90, while the China Ent
Published 26 Jul, 2018 12:00am
US yield curve flattens

US yield curve flattens

The highest short-term yields in a decade helped the government sell $35 billion in two-year notes on Tuesday, bringing the yield curve down from its steepest levels in three weeks. The auction drew the strongest demand since January for the notes, which
Published 26 Jul, 2018 12:00am
US yield curve flattens

US yield curve flattens

The highest short-term yields in a decade helped the government sell $35 billion in two-year notes on Tuesday, bringing the yield curve down from its steepest levels in three weeks. The auction drew the strongest demand since January for the notes, which
Published 26 Jul, 2018 12:00am
India's BSE climbs

India's BSE climbs

Indian shares ended largely steady on Wednesday, with the benchmark BSE index inching higher to a record close, as investor sentiment stayed positive on bullish global cues. The BSE index closed 0.09 percent higher at 36,858.23, a record close. The index
Published 26 Jul, 2018 12:00am
China stocks ease

China stocks ease

China stocks ended slightly lower on Wednesday as investors paused for breath after three straight days of gain. The blue-chip CSI300 index ended down 0.1 percent at 3,577.75 points while the Shanghai Composite Index also eased 0.1 percent to 2,903.65 poi
Published 26 Jul, 2018 12:00am
Auto warnings hit European shares before trade meeting

Auto warnings hit European shares before trade meeting

Warnings from carmakers Fiat Chrysler and General Motors weighed on European shares on Wednesday as investors braced for a high-level trade meeting in Washington. European Commission President Jean-Claude Juncker and Donald Trump were expected to focus on
Published 26 Jul, 2018 12:00am
Australian stocks fall; New Zealand up

Australian stocks fall; New Zealand up

Australian shares closed lower on Wednesday, as investors took profit on recent financials sector gains, which offset moves higher in materials stocks on the bank of higher commodities prices. The S&P/ASX 200 index fell 0.3 percent, or 18.2 points to 6,24
Published 26 Jul, 2018 12:00am
Most Southeast Asian stocks higher

Most Southeast Asian stocks higher

Most Southeast Asian stock markets rose on Wednesday tracking strong broader Asia, with Singapore shares gaining more than 1 percent led by financials. Asian shares ex-Japan rose for a second straight session boosted by an upbeat Wall Street overnight and
Published 26 Jul, 2018 12:00am
Mining shares drag FTSE lower, but ITV shines

Mining shares drag FTSE lower, but ITV shines

The UK's top share index fell on Wednesday as mining stocks lost ground, with earnings in focus as ITV and Informa issued updates. The blue-chip FTSE 100 index fell 0.7 percent at 7,658.26 points. Mid caps declined 0.5 percent.
Published 26 Jul, 2018 12:00am
Dollar, euro stay in narrow ranges in Asia
Currency

Dollar, euro stay in narrow ranges in Asia

The dollar and euro barely moved on Wednesday, ahead of a meeting between US President Donald Trump and European Commission President Jean-Claude Juncker at a time investors are focussed on the trade rift between the two economic powers. The dollar index
Published 26 Jul, 2018 12:00am
Euro up in Europe ahead of Trump-Juncker talks
Currency

Euro up in Europe ahead of Trump-Juncker talks

The euro edged higher on Wednesday ahead of a meeting between US President Donald Trump and European Commission President Jean-Claude Juncker but gains were limited with investors cautious about a trade rift between the two powers. Lack of clarity over wh
Published 26 Jul, 2018 12:00am
Euro pares gains; sterling up in New York
Currency

Euro pares gains; sterling up in New York

The euro ceded its gains on Tuesday as robust but lower-than-expected business growth data did not alter market expectations that rates in the United States and the euro zone will continue to diverge. IHS Markit's Euro Zone Composite Flash Purchasing Mana
Published 26 Jul, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Wednesday. 83.75-83.75 (Previous 83.75-83.75).
Published 26 Jul, 2018 12:00am
Canadian dollar rises
Currency

Canadian dollar rises

The Canadian dollar nudged higher versus the greenback on Tuesday in step with higher oil prices, while domestic 10-year government yield reached a five-week peak, supported by the view of solid economic growth. News that China will adopt a more vigorous
Published 26 Jul, 2018 12:00am
Most Asian currencies muted ahead of US-EU talks

Most Asian currencies muted ahead of US-EU talks

Most Asian currencies were treading water on Wednesday ahead of a meeting between the presidents of the United States and European Commission, with the uncertainty from a deepening trade dispute discouraging nervous investors. US President Donald Trump an
Published 26 Jul, 2018 12:00am
SA rand up

SA rand up

South Africa's rand extended earlier gains to a one-week high on Wednesday on renewed interest from foreign investors, especially those forced to cover bearish bets following Tuesday's surprise rally on news of massive investment by China. At 1415 GMT the
Published 26 Jul, 2018 12:00am
Yuan edges up
Currency

Yuan edges up

China's yuan inched up slightly and consolidated around the key 6.8 per dollar level on Wednesday, due largely to a stable greenback before a meeting of US and European leaders. The dollar was little changed against a basket of six other major currencies
Published 26 Jul, 2018 12:00am
Sterling adds to recent gains
Currency

Sterling adds to recent gains

The pound rose on Wednesday to its highest in a week as traders bet that Prime Minister Theresa May's decision to take control of Brexit negotiations would make it easier to agree a divorce deal with Brussels. With less than nine months before Britain is
Published 26 Jul, 2018 12:00am
Sri Lankan rupee steadies
Currency

Sri Lankan rupee steadies

The Sri Lankan rupee ended steady on Wednesday as dollar demand from importers offset greenback selling by exporters, traders said. The rupee closed steady at 159.50/60 per dollar, compared with Tuesday. It has declined 3.9 percent so far this year and hi
Published 26 Jul, 2018 12:00am
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