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Print - 2018-08-16
Pakgen Power Limited
Mutual Funds

Pakgen Power Limited

Pakgen Power Limited (PSX: PKGP) was incorporated in 1995 with the registered head office based out of Lahore. The company originally started its commercial operations in February 1998. The principal activities of the power company are to own, operate and
Published 16 Aug, 2018 12:00am
Overseas Pakistanis: ECP asked to frame rules in two days

Overseas Pakistanis: ECP asked to frame rules in two days

The Supreme Court on Wednesday directed Election Commission of Pakistan (ECP) to frame rules within two days for the voting right of overseas Pakistanis in bye-elections. A three-judge bench, headed by Chief Justice Mian Saqib Nisar, was hearing the petit
Published 16 Aug, 2018 12:00am
Asghar Khan case: Secretary defence asked to submit report

Asghar Khan case: Secretary defence asked to submit report

The Supreme Court Wednesday directed the secretary defense to submit a comprehensive report regarding action taken against those retired army officials who had been involved in doling out money to a group of politicians in 1990s. A three-member bench, hea
Published 16 Aug, 2018 12:00am
Asghar Khan case: Secretary defence asked to submit report

Asghar Khan case: Secretary defence asked to submit report

The Supreme Court Wednesday directed the secretary defense to submit a comprehensive report regarding action taken against those retired army officials who had been involved in doling out money to a group of politicians in 1990s. A three-member bench, hea
Published 16 Aug, 2018 12:00am
$7.5 billion spent on external debt servicing

$7.5 billion spent on external debt servicing

The country spent some $7.5 billion on external debt servicing during the last fiscal year (FY18). The State Bank of Pakistan (SBP) Wednesday reported that external debt servicing posted some 8 percent decline during last fiscal year followed by lower pub
Published 16 Aug, 2018 12:00am
$7.5 billion spent on external debt servicing

$7.5 billion spent on external debt servicing

The country spent some $7.5 billion on external debt servicing during the last fiscal year (FY18). The State Bank of Pakistan (SBP) Wednesday reported that external debt servicing posted some 8 percent decline during last fiscal year followed by lower pub
Published 16 Aug, 2018 12:00am
$7.5 billion spent on external debt servicing

$7.5 billion spent on external debt servicing

The country spent some $7.5 billion on external debt servicing during the last fiscal year (FY18). The State Bank of Pakistan (SBP) Wednesday reported that external debt servicing posted some 8 percent decline during last fiscal year followed by lower pub
Published 16 Aug, 2018 12:00am
Counsel for ex-PM concludes arguments

Counsel for ex-PM concludes arguments

Khawaja Haris, the counsel for former Prime Minister Nawaz Sharif, on Wednesday concluded his arguments in the case pertaining to suspension of the Accountability Court's verdict against Sharif, his daughter Maryam Nawaz and son-in-law Captain Safdar (ret
Published 16 Aug, 2018 12:00am
Counsel for ex-PM concludes arguments

Counsel for ex-PM concludes arguments

Khawaja Haris, the counsel for former Prime Minister Nawaz Sharif, on Wednesday concluded his arguments in the case pertaining to suspension of the Accountability Court's verdict against Sharif, his daughter Maryam Nawaz and son-in-law Captain Safdar (ret
Published 16 Aug, 2018 12:00am
Eid holidays

Eid holidays

The caretaker federal government has announced that Eid-ul-Azha holidays will be from August 21 to 23. "It is notified for general information that 21st to 23rd August 2018 (Tuesday to Thursday) shall be public holidays on the occasion of religious festiv
Published 16 Aug, 2018 12:00am
Eid holidays

Eid holidays

The caretaker federal government has announced that Eid-ul-Azha holidays will be from August 21 to 23. "It is notified for general information that 21st to 23rd August 2018 (Tuesday to Thursday) shall be public holidays on the occasion of religious festiv
Published 16 Aug, 2018 12:00am
Woeful financing gap
Currency

Woeful financing gap

In an exclusive interview to Aaj News former Finance Minister Dr Hafiz Pasha stated that the external financing gap would be as high as 18 billion dollars in the event that the Pakistan Tehreek-e-Insaf (PTI) government opts not to seek around 6.6 billion
Published 16 Aug, 2018 12:00am
UN report on IS

UN report on IS

A United Nations report that claims that between 20,000 and 30,000 fighters of the Islamic State (IS) or Daesh remain in Iraq and Syria despite the jihadist group's defeat and a halt in the flow of foreigners joining its ranks must, however, constitute a
Published 16 Aug, 2018 12:00am
In God we trust

In God we trust

It has been three weeks since the 'victory speech'. It was like a badly needed shot in a despairing Nation's arm. Most, if not all, agree Imran should be given a fair chance. 'Time to line up in unison and support' is the predominant sentiment.
Published 16 Aug, 2018 12:00am
Restructuring challenge - II

Restructuring challenge - II

Under National Research Institutes (NRI) are universities and research institutes affiliated with universities operating in the field of Information Technology, Nuclear Science, Physics & Chemistry, Engineering, Agriculture and Biology, Space and Planetar
Published 16 Aug, 2018 12:00am
New fuel rules push shipowners to go green with LNG

New fuel rules push shipowners to go green with LNG

Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refuelling facilities in the shipping industry's biggest shake-up in decades.
Published 16 Aug, 2018 12:00am
Add insult to injury

Add insult to injury

Rising heat too is acting in a way that makes a bad situation worse for the poor people of the world. First, the poor are finding it extremely difficult to buy food to survive, and then, to add insult to injury, they will be required to spend a lot of mon
Published 16 Aug, 2018 12:00am
One shot dead in Nazimabad

One shot dead in Nazimabad

A man shot dead by unknown armed man near Nazimabad Underpass here on Wednesday, the police said. The victim identified as Asghar was driving a grey car bearing registration No AAC-803, when unidentified motorcyclist opened fire at him and fled the scene
Published 16 Aug, 2018 12:00am
FPCCI SVP for attaining financial independence

FPCCI SVP for attaining financial independence

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) SVP Syed Mazhar Nasir has stressed the need for making an all-out effort on the part of one and all - as individuals and as part of an independent nation state - for attaining financial inde
Published 16 Aug, 2018 12:00am
Meezan Bank celebrates Independence Day

Meezan Bank celebrates Independence Day

Meezan Bank celebrated 71 years of the country's independence by holding a Family Get-together for its staff on 14th August, 2018 at Aladin Park, Gulshan-e-Iqbal Karachi. This event was inaugurated by the founding President and CEO of Meezan Bank Irfan Si
Published 16 Aug, 2018 12:00am
Meezan Bank celebrates Independence Day

Meezan Bank celebrates Independence Day

Meezan Bank celebrated 71 years of the country's independence by holding a Family Get-together for its staff on 14th August, 2018 at Aladin Park, Gulshan-e-Iqbal Karachi. This event was inaugurated by the founding President and CEO of Meezan Bank Irfan Si
Published 16 Aug, 2018 12:00am
Byco tree plantation drive begins

Byco tree plantation drive begins

Pakistan's premier oil company, Byco Petroleum Pakistan Limited, launched their Green campaign to make Pakistan green again on the nation's 71st Independence Day at a special tree plantation ceremony held on Wednesday at the Urban Forest Park in Clifton K
Published 16 Aug, 2018 12:00am
Imran to bag up to 185 votes in his PM's election: Qureshi

Imran to bag up to 185 votes in his PM's election: Qureshi

Pakistan Tehreek-e-Insaf (PTI) on Wednesday claimed that party Chairman Imran Khan will get up to 185 votes in his election for the slot of prime minister on August 17, saying it has secured a comfortable position in the National Assembly exceeding the fi
Published 16 Aug, 2018 12:00am
US CG visits CDC House

US CG visits CDC House

A delegation from the US Consulate General Karachi, headed by Consul General JoAnne Wagner and her economic team, visited the Central Depository Company of Pakistan (CDC) Limited. Moin Fudda, Chairman Board of Directors CDC, welcomed the delegation and st
Published 16 Aug, 2018 12:00am
Bilawal urges PML-N to change nominee for premiership

Bilawal urges PML-N to change nominee for premiership

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday said that his party will urge the Pakistan Muslim League-Nawaz (PML-N) to change its nominee for premiership. The PPP chief and newly elected MNA was responding to media queries in
Published 16 Aug, 2018 12:00am
MTB auction draws lukewarm response

MTB auction draws lukewarm response

A very thin participation was witnessed in the auction for Government of Pakistan Market Treasury Bills (MTBs) on Wednesday. The State Bank of Pakistan (SBP), on August 15, 2018, conducted the auction for the sale of 3-month, 6-month and 12-month MTBs. Ho
Published 16 Aug, 2018 12:00am
MTB auction draws lukewarm response

MTB auction draws lukewarm response

A very thin participation was witnessed in the auction for Government of Pakistan Market Treasury Bills (MTBs) on Wednesday. The State Bank of Pakistan (SBP), on August 15, 2018, conducted the auction for the sale of 3-month, 6-month and 12-month MTBs. Ho
Published 16 Aug, 2018 12:00am
Senate body to help resolve IIA's parking issue

Senate body to help resolve IIA's parking issue

The Senate Standing Committee on Aviation Wednesday constituted a subcommittee to probe into the matter of illegal parking and entry fee at New Islamabad International Airport (IIA) and resolve the matter to bring the parking fee charges to a rational lev
Published 16 Aug, 2018 12:00am
PN's OPV-II ceremony held in Romania

PN's OPV-II ceremony held in Romania

A steel cutting ceremony of 2nd Offshore Patrol Vessel (OPV-II), being constructed for Pakistan Navy, was held at M/s DAMEN Shipyard Galati, Romania. Ambassador of Pakistan to Romania Safdar Hayat was chief guest on the occasion, said a Pakistan Navy (PN)
Published 16 Aug, 2018 12:00am
APHC warns India to refrain from demographic changes in held-Kashmir

APHC warns India to refrain from demographic changes in held-Kashmir

The All Parties Hurriyat Conference (APHC) leaders have said that huge presence of Indian occupation army in Occupied Kashmir has not stopped Kashmiris from celebrating Pakistan Independence Day and observing Indian Independence Day as Black Day.
Published 16 Aug, 2018 12:00am
Customs value of AC asynchronous moving motor revised

Customs value of AC asynchronous moving motor revised

Directorate General Customs Valuation (DGCV) has revised the customs values of AC asynchronous moving motor under section 25(7) of the Customs Act, 1969. According to DGCV, a large number of representations were received that AC asynchronous moving motor
Published 16 Aug, 2018 12:00am
Justice Anwarul Haq takes oath as acting CJ LHC

Justice Anwarul Haq takes oath as acting CJ LHC

Justice Anwarul Haq of the Lahore High Court here Wednesday took oath as acting Chief Justice of the LHC. Chief Justice LHC has gone abroad and Justice Anwarul Haq will work as acting Chief Justice in his absence.
Published 16 Aug, 2018 12:00am
CEOs vow to align Pakistan's business landscape with UN's SDGs

CEOs vow to align Pakistan's business landscape with UN's SDGs

The CEOs of Pakistan's top companies from all sectors at The CEO Summit, 2018 vowed to align Pakistan's Business landscape with UN Sustainable Development Goals with the collective aim of sharing strategies and setting direction for the future of business
Published 16 Aug, 2018 12:00am
Surgical sector: TDAP official assures support to develop SIMTEL

Surgical sector: TDAP official assures support to develop SIMTEL

Director General, Regional Division North, Trade Development Authority of Pakistan (TDAP) Qamar Zaman has assured support to develop Sialkot Material Testing Laboratory (SIMTEL) as an effective laboratory with better testing facility for surgical sector o
Published 16 Aug, 2018 12:00am
Punjab police's ineffective role on Independence Day criticized

Punjab police's ineffective role on Independence Day criticized

The Punjab police played the role of a silent spectator after miscreants blocked many main arteries in the city by dancing over loud music and carried out aerial firing, one-wheeling and used fireworks in "public" during the Independence Day celebrations
Published 16 Aug, 2018 12:00am
FCCI celebrates August 14

FCCI celebrates August 14

"Every Pakistani should make a solemn pledge to protect the geographical as well as the ideological boundaries of Pakistan with a renewed pledge to make Pakistan a fully sovereign country in the comity of nations on Independence Day."
Published 16 Aug, 2018 12:00am
Punjab governor resigns

Punjab governor resigns

Punjab Governor Malik Mohammad Rafique Rajwana resigned from his office on Wednesday after serving for more than three years. Talking to media at the Lahore High Court Bar Association, he said he has dispatched his resignation to the President of Pakistan
Published 16 Aug, 2018 12:00am
Nisar skips Punjab Assembly's maiden session

Nisar skips Punjab Assembly's maiden session

Former interior minister Chaudhry Nisar Ali Khan, who won July 25 election from Punjab constituency PP-10, Rawalpindi-V, did not appear on Wednesday in the first session of 17th Punjab Assembly. Ch Nisar's absence in the session was felt by the media as w
Published 16 Aug, 2018 12:00am
Law & order: Askari lauds administration, police

Law & order: Askari lauds administration, police

Expressing satisfaction over best arrangements made for providing security to various public functions held on the Independence Day, the interim chief minister Punjab Dr Hassan Askari extended good wishes to cabinet committee on law and order, police and
Published 16 Aug, 2018 12:00am
Eid-ul-Azha: LWMC to set up 299 camps

Eid-ul-Azha: LWMC to set up 299 camps

Deputy Commissioner Lahore / Chairman Lahore Waste Management Company (LUMC) Captain Anwar-ul-Haq (retd) has said that LWMC will establish as many as 299 UC based cleanliness camps during the days of Eid-ul-Azha for which the company has prepared its plan
Published 16 Aug, 2018 12:00am
PCJCCI, Sichuan International Chamber of Commerce sign MoU

PCJCCI, Sichuan International Chamber of Commerce sign MoU

The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has entered into a long-term collaboration with the Sichuan International Chamber of Commerce for setting up of Pakistan-Chengdu Economic Trade Centre. A memorandum of understanding has be
Published 16 Aug, 2018 12:00am
PTI MPA Ghulam Abbas dies of heart attack

PTI MPA Ghulam Abbas dies of heart attack

An MPA-elect belonging to Pakistan Tehreek-e-Insaf (PTI), elected from PP-222 (Multan), Ghulam Abbas Khaki, died of cardiac arrest late Tuesday night. Khaki had suffered heart attack four days ago and he was shifted to a private hospital in Islamabad. He
Published 16 Aug, 2018 12:00am
14 exhibitors to participate in Automechanika Frankfurt 2018

14 exhibitors to participate in Automechanika Frankfurt 2018

A total of 14 exhibitors from Pakistan are going to participate in Automechanika Frankfurt 2018 schedule to be held from 11-15 September, 2018. Out of them 9 are participating under Trade Development Authority of Pakistan while other 5 are exhibiting dire
Published 16 Aug, 2018 12:00am
KU vice chancellor stresses need for increasing crop production

KU vice chancellor stresses need for increasing crop production

"Pakistan is always projected as an agricultural-based country with majority of its population living in rural areas and relies on income from agribusiness." This was stated by Prof Dr Muhammad Ajmal Khan, Vice Chancellor Karachi University (KU), while de
Published 16 Aug, 2018 12:00am
Samba Bank's PAT soars to Rs 440.401 million

Samba Bank's PAT soars to Rs 440.401 million

The profit after tax (PAT) of Samba Bank increased to Rs 440.401 million in the half year period ended June 30, 2018 as compared to Rs 232.306 million earned in the corresponding period in 2017. The board of directors of the bank in its meeting held here
Published 16 Aug, 2018 12:00am
Samba Bank's PAT soars to Rs 440.401 million

Samba Bank's PAT soars to Rs 440.401 million

The profit after tax (PAT) of Samba Bank increased to Rs 440.401 million in the half year period ended June 30, 2018 as compared to Rs 232.306 million earned in the corresponding period in 2017. The board of directors of the bank in its meeting held here
Published 16 Aug, 2018 12:00am
PBD&TI celebrates Independence Day

PBD&TI celebrates Independence Day

An Independence Day function was organized by the Pakistan Bedwear Designing & Training Institute on 14th August 2018 and which was attended by Shabir Ahmed patron-in- chief Pakistan Bedwear Exporters Association, Sharmeen Abbas Naqvi, Danish Javed, Facul
Published 16 Aug, 2018 12:00am
FFC annual report 2017 wins award

FFC annual report 2017 wins award

The annual report 2017 of Fauji Fertilizer Company Limited (FFC) has been declared number one by the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). According to a FFC's spoke
Published 16 Aug, 2018 12:00am
SWC restrains civic bodies from hiring contingency staff

SWC restrains civic bodies from hiring contingency staff

Sindh Water Commission (SWC) Wednesday restrained all local government municipal corporations, municipal town committees from engaging contingency employees. The Commission issued these directives after Secretary Local Government Sindh raised the issue of
Published 16 Aug, 2018 12:00am
Tree plantation drive beging at SAU

Tree plantation drive beging at SAU

Mega Tree plantation campaign was held at main campus of Sindh Agriculture University, Tandojam. Prof Dr Mujeebuddin Memon, Vice Chancellor, SAU Tandojam inaugurated the campaign and also led the walk from Administration Block to Faculty of Agricultural S
Published 16 Aug, 2018 12:00am
Independence Day: rescue 1122 responds to 1,375 traffic incidents

Independence Day: rescue 1122 responds to 1,375 traffic incidents

The Punjab Emergency Service has rescued as many as 1585 victims while responding to 1375 road traffic crashes on 14th August 2018 across Punjab. This number shows an increase of 31 percent as compared to 1046 crashes on Independence Day in 2017.
Published 16 Aug, 2018 12:00am
MUET organises dialogue on 'water and women'

MUET organises dialogue on 'water and women'

Water sector development must be gender inclusive and to ensure the women rights, the public and private sector have to work together, this was said by speakers during the Policy Dialogue on Water and Women - Does the Water Sector Development have a gende
Published 16 Aug, 2018 12:00am
Nepra, UET sign MoU for research collaboration

Nepra, UET sign MoU for research collaboration

A Memorandum of Understanding (MoU) was signed between National Electric Power Regulatory Authority (NEPRA) and U.S.-Pakistan Center for Advanced Studies (USPCAS-E) University of Engineering & Technology (UET) Peshawar. NEPRA is the sole autonomous electr
Published 16 Aug, 2018 12:00am
PTI's Mahmood, opposition's Nisar vie for KP CM's slot

PTI's Mahmood, opposition's Nisar vie for KP CM's slot

Mahmood Khan of Pakistan Tehreek-e-Insaf (PTI) and Mian Nisar Gul of joint opposition filed nomination papers for the coveted office of the Chief Minister Khyber Pakhtunkhwwa with Secretary KP Assembly. The election will be held today (Thursday) August 16
Published 16 Aug, 2018 12:00am
ZTBL celebrates 71st Independence Day

ZTBL celebrates 71st Independence Day

On the eve of 71st Independence Day a simple flag hoisting ceremony was held here in Zarai Taraqiati Bank Limited (ZTBL) Head Office Islamabad. The ceremony was attended by Bank's senior executives, officers, employees and a large segment of children.
Published 16 Aug, 2018 12:00am
SECP, Karakorum International University sign MoU

SECP, Karakorum International University sign MoU

The Securities and Exchange Commission of Pakistan has signed an MOU with Karakorum International University, Gilgit at SECP's head office in Islamabad. Shauzab Ali, Commissioner Investor Education Department (IED) and Engineer Professor Dr Attaullah Shah
Published 16 Aug, 2018 12:00am
OGDCL celebrates Independence Day

OGDCL celebrates Independence Day

OGDCL held a ceremonial gathering in connection with Independence Day at OGDCL Head Office Islamabad. The ceremony was attended by Zahid Mir, Managing Director OGDCL, senior officials and a large number of employees. Speaking on the occasion, the Managing
Published 16 Aug, 2018 12:00am
PARC official accused of corruption

PARC official accused of corruption

Muzaffar Nishat s/o Nishat Ahmed Khan, ex-scientific officer / assistant director, PARC was accused of offence of corruption and corrupt practices as defined under the provisions of National Accountability Ordinance (NAO) 1999.
Published 16 Aug, 2018 12:00am
IMH mark Independence Day

IMH mark Independence Day

Islamabad Marriott Hotel prepared 71 feet-long cake to mark the milestone of 71 years of an Independent Pakistan.
Published 16 Aug, 2018 12:00am
Profit rates of different saving certificates revised

Profit rates of different saving certificates revised

The Central Directorate of National Savings (CDNS) has notified upward revision in the profit rates for various saving certificates to benefit its investors especially the pensioners, which has been applicable from July 1, 2018.
Published 16 Aug, 2018 12:00am
Chinese Armed Police Force chief meets DG PR Sindh

Chinese Armed Police Force chief meets DG PR Sindh

General Wang Ning, Commander Peoples Armed Police Force China met DG Pakistan Rangers (PR) Sindh at the Headquarters (HQ) PR Sindh, said a statement issued here by Inter Services Public Relations (ISPR) on Wednesday. During the meeting, matters related to
Published 16 Aug, 2018 12:00am
Pakgen Power Limited
Mutual Funds

Pakgen Power Limited

Pakgen Power Limited (PSX: PKGP) was incorporated in 1995 with the registered head office based out of Lahore. The company originally started its commercial operations in February 1998. The principal activities of the power company are to own, operate and
Published 16 Aug, 2018 12:00am
Wall Street gains on upbeat earnings, easing Turkey jitters
Currency

Wall Street gains on upbeat earnings, easing Turkey jitters

Wall Street's three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased fears of a broader financial contagion. Gains we
Published 16 Aug, 2018 12:00am
Champions League glory not pivotal to being judged a success: De Bruyne

Champions League glory not pivotal to being judged a success: De Bruyne

Manchester City don't need to win the Champions League to be judged a success, claims Belgian star Kevin de Bruyne in an interview with the BBC. European club football's most prestigious trophy has proved elusive to City despite the hundreds of millions i
Published 16 Aug, 2018 12:00am
2018 Asian Games torch reaches Jakarta

2018 Asian Games torch reaches Jakarta

The torch for the 18th Asian Games reached Indonesia's capital Jakarta Wednesday, ending a month-long journey across the Southeast Asian archipelago nation. It was welcomed in style by marching bands, traditional dances and concerts, after starting its jo
Published 16 Aug, 2018 12:00am
Shama Tigers win Azadi T20 Shama Cricket Cup

Shama Tigers win Azadi T20 Shama Cricket Cup

Shama Tigers clinched the trophy after defeating Shama Panthers in the final by four wickets in the Azadi Twenty20 Cricket Cup played here at Gymkhana Cricket ground Wednesday. President, Peshawar District Cricket Association Asghar Ali was the chief gues
Published 16 Aug, 2018 12:00am
Curran follows late father in signing for Northants

Curran follows late father in signing for Northants

Ben Curran is to play county cricket for Northamptonshire, the club his late father Kevin gave eight years of his career to, as he signed a two-year contract on Wednesday. The 22-year-old batsman - whose brothers Tom and Sam play for Surrey and have both
Published 16 Aug, 2018 12:00am
United Korea smash hosts in Asian hoops

United Korea smash hosts in Asian hoops

A joint Korean women's basketball team marked their Asian Games debut Wednesday by pulverising hosts Indonesia 108-40, roared on by giddy fans waving unified Korean flags. North Korean Ro Suk Yong, one of three Pyongyang-based players in the away team, to
Published 16 Aug, 2018 12:00am
Independence Day Football: North Muslim take SPC All-Karachi U-16 title

Independence Day Football: North Muslim take SPC All-Karachi U-16 title

North Muslim Football Academy proved too good for Garrison Academy in the final of SPC All-Karachi U-16 Independence Day Football Tournament and recorded a convincing 4-0 victory to claim the title here at 16-Star Football Ground on Tuesday evening. Moham
Published 16 Aug, 2018 12:00am
Indonesia's richest man going for gold at Asian Games

Indonesia's richest man going for gold at Asian Games

Billionaire tobacco tycoon Michael Bambang Hartono may not be the oldest competitor at the Asian Games, but he is the richest. The 78-year-old head of cigarette giant Djarum Group is set to represent host Indonesia on its bridge team at the world's second
Published 16 Aug, 2018 12:00am
Commodities slide pulls FTSE to 3-1/2 months low

Commodities slide pulls FTSE to 3-1/2 months low

Britain's top share index sank on Wednesday as emerging markets stress and a sharp selloff in commodities drove down stocks across Europe, with investors running scared after trade spat deepened between Turkey and the United States. The blue-chip FTSE 100
Published 16 Aug, 2018 12:00am
Southeast Asian markets: Indonesia bounces back; Thailand extends falls

Southeast Asian markets: Indonesia bounces back; Thailand extends falls

Indonesian shares bounced back on Wednesday after the central bank raised rates for the fourth time since mid-May to defend the rupiah, while Thai and Vietnam stocks fell in line with broader Asia. The key Jakarta stock index fell as much as 1.4 percent b
Published 16 Aug, 2018 12:00am
Nigerian stocks extend losses

Nigerian stocks extend losses

Nigerian stocks extended losses for the ninth session on Wednesday as investors sold off shares from the relatively liquid local banking and consumer goods sectors. Stocks, which reached an almost one-year low at the previous session, remained depressed,
Published 16 Aug, 2018 12:00am
Turkey tariff move, EM bear market send European shares spiraling

Turkey tariff move, EM bear market send European shares spiraling

European shares sold off sharply on Wednesday after Turkey doubled tariffs on some US imports, and miners had their worst day since Britain's 2016 Brexit votee on sliding commodity prices A strengthening dollar and disappointing earnings from Chinese tech
Published 16 Aug, 2018 12:00am
China stocks deepen rout on economic worries

China stocks deepen rout on economic worries

China stocks extended losses on Wednesday to a third straight day of declines as worries over the country's cooling economy and the yuan's descent to a 15-month low knocked investor confidence. The blue-chip CSI300 index fell 2.4 percent to 3,291.98 point
Published 16 Aug, 2018 12:00am
Hong Kong shares fall near one-year low

Hong Kong shares fall near one-year low

Stocks in Hong Kong fell on Wednesday along with their regional counterparts, ending near one-year lows on bearish Chinese investor sentiment and broader concerns about emerging markets sparked by Turkey's financial crisis. At close of trade, the Hang Sen
Published 16 Aug, 2018 12:00am
Australian shares at over 10-1/2 year high

Australian shares at over 10-1/2 year high

Australian shares closed at a more than 10-1/2 year high on Wednesday, led by gains in biotherapeutics firm CSL and conglomerate Wesfarmers after both groups posted strong earnings. The S&P/ASX 200 index firmed 0.5 percent or 29.4 points to 6,329 at the c
Published 16 Aug, 2018 12:00am
Treasury yields climb

Treasury yields climb

US Treasury yields rose on Tuesday in line with the European bond market as global sentiment brightened after equities worldwide stabilized and the Turkish lira came off recent record lows against the dollar. US yields' advance continued for a second stra
Published 16 Aug, 2018 12:00am
Treasury yields climb

Treasury yields climb

US Treasury yields rose on Tuesday in line with the European bond market as global sentiment brightened after equities worldwide stabilized and the Turkish lira came off recent record lows against the dollar. US yields' advance continued for a second stra
Published 16 Aug, 2018 12:00am
China blasts US solar tariffs, takes WTO action

China blasts US solar tariffs, takes WTO action

China has blasted US tariffs on solar panel imports, filing a complaint at the World Trade Organization in the latest salvo of the trade battle between the world's two economic giants. US President Donald Trump approved steep tariffs on solar panel import
Published 16 Aug, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 181,493 tonnes of cargo comprising 126,635 tonnes of import cargo and 54,858 tonnes of export cargo including 8,409 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 16 Aug, 2018 12:00am
Cotton market: Prices fall sharply on panic selling
Cotton

Cotton market: Prices fall sharply on panic selling

Panic selling by ginners pushed the rates sharply down on the cotton market on Wednesday in the process of trading activity, dealers said. The official spot rate fell sharply by Rs 400 to Rs 8300, they added. Prices of seed cotton in Sindh and the Punjab
Published 16 Aug, 2018 12:00am
Rally in Russian wheat export prices slows

Rally in Russian wheat export prices slows

A sharp rise in Russian wheat export prices slowed last week and analysts forecast further decreases after a monthly crop supply and demand report from the US Department of Agriculture raised Russia's 2018/2019 harvest forecast, analysts said on Monday. T
Published 16 Aug, 2018 12:00am
Taiwan's company bows to China after boycott threat

Taiwan's company bows to China after boycott threat

A Taiwanese coffee chain has become the latest business to bow to pressure from Beijing after Chinese web users threatened a boycott over a visit to one of its stores by the island's president. Tsai Ing-wen stopped off at a Los Angeles branch of the 85C B
Published 16 Aug, 2018 12:00am
China's new home price growth hits two-year high

China's new home price growth hits two-year high

China's new home prices accelerated at their fastest pace in almost two years in July, led by smaller cities and highlighting challenges policymakers face in stimulating a slowing economy without fuelling a property bubble. Average new home prices in Chin
Published 16 Aug, 2018 12:00am
Afghans, Syrians help German firms fill training vacancies

Afghans, Syrians help German firms fill training vacancies

German companies managed to attract more apprentices to on-the-job training schemes last year due to a surge in applications from asylum seekers from Afghanistan and Syria, data showed on Wednesday. The findings could be a boon for Chancellor Angela Merke
Published 16 Aug, 2018 12:00am
Argentina central bank sells reserves as peso hits record low
Currency

Argentina central bank sells reserves as peso hits record low

Argentina's central bank said it sold $551 million in reserves into the foreign exchange market on Wednesday in a bid to stop a slide in the peso currency, which hit a record low due to inflation concerns and poor emerging markets sentiment globally. The
Published 16 Aug, 2018 12:00am
Tokyo stocks down
Currency

Tokyo stocks down

Tokyo stocks erased early gains to finish lower in Wednesday trading, as Turkey's currency crisis fuelled concerns of contagion to other emerging economies and pressured Asian shares. The benchmark Nikkei 225 index, which jumped more than two percent on T
Published 16 Aug, 2018 12:00am
Abu Dhabi bucks trend as Turkey concerns weigh on Gulf markets

Abu Dhabi bucks trend as Turkey concerns weigh on Gulf markets

Abu Dhabi shares ended 1.1 percent higher on Wednesday, bucking weakness in other major Gulf markets which were dragged down by concerns about the Turkish economy as market activity slowed ahead of a Muslim festival next week. Abu Dhabi index was boosted
Published 16 Aug, 2018 12:00am
UK inflation rises for first time in 2018, seen falling soon

UK inflation rises for first time in 2018, seen falling soon

Britain's inflation rate rose in July for the first time in 2018, keeping the squeeze on many households' budgets, but there were signs that the pick-up was a blip and inflation might fall faster than the Bank of England thinks. Consumer price inflation r
Published 16 Aug, 2018 12:00am
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