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Print - 2018-08-26
Truckers' strike likely ground Q2 Brazil growth to near-halt

Truckers' strike likely ground Q2 Brazil growth to near-halt

The Brazilian economy barely grew in the second quarter as a countrywide truckers' strike all but paralyzed key business sectors, a Reuters poll showed, sounding an ominous tone as pivotal presidential elections kick off. Gross domestic product in Latin A
Published 26 Aug, 2018 12:00am
Crop damage mounts for EU farmers after torrid summer

Crop damage mounts for EU farmers after torrid summer

European farmers are counting the cost of a summer heatwave that has shrunk cereal harvests and shrivelled pastures, leaving some farms struggling to survive and shutting the EU out of lucrative export markets. The severe weather in Europe has coincided w
Published 26 Aug, 2018 12:00am
German ministry sees big drop in grains crop due to drought

German ministry sees big drop in grains crop due to drought

The Agriculture Ministry forecast on Friday that Germany's 2018 winter wheat harvest would fall 19.1 percent from the 2017 level to 19.4 million tonnes after crops suffered from drought and hot weather. The ministry also forecast Germany's 2018 grains har
Published 26 Aug, 2018 12:00am
Ivory Coast to auction cocoa crop

Ivory Coast to auction cocoa crop

Ivory Coast's Cocoa Coffee Council (CCC) has decided to auction all of its cocoa production to exporters in advance in order to set a guaranteed price throughout the season for producers, CCC sources said on Wednesday. Approximately 1.7 million tonnes of
Published 26 Aug, 2018 12:00am
Palm oil watchdog urged to take 'giant leap' to save forests

Palm oil watchdog urged to take 'giant leap' to save forests

The global watchdog for the palm oil industry must strengthen its standards to require all members to commit to ending deforestation - or risk becoming irrelevant, an increasing number of growers, investors and green experts say.
Published 26 Aug, 2018 12:00am
ISO sees sugar surplus of 6.75 million tonnes

ISO sees sugar surplus of 6.75 million tonnes

The International Sugar Organization forecast on Wednesday that there would be a global sugar surplus of 6.75 million tonnes in the 2018/19 season (October/September). The inter-governmental body, in a quarterly report, also trimmed its forecast for an an
Published 26 Aug, 2018 12:00am
US cut in aid amounts to 'cheap blackmail': Palestinians

US cut in aid amounts to 'cheap blackmail': Palestinians

US President Donald Trump's administration is resorting to "cheap blackmail" against the Palestinians, revealing its true intentions by cutting more than $200 million in aid for the West Bank and Gaza Strip, senior Palestinian officials said Saturday.
Published 26 Aug, 2018 12:00am
At least 27 hostages held by IS in south Syria: HRW

At least 27 hostages held by IS in south Syria: HRW

At least 27 people are being held by the Islamic State group in southern Syria, Human Rights Watch said Saturday as it deplored the hostage-taking as a "war crime". The group of mostly women and children were abducted by IS during a massive July 25 assaul
Published 26 Aug, 2018 12:00am
Russian search fails to find missing North Korean boat crew

Russian search fails to find missing North Korean boat crew

A Russian rescue helicopter on Saturday found the wreckage of a North Korean fishing boat off the Russian Far Eastern coast but failed to find four missing crew members, authorities said. The Russian Emergency Situations Ministry said crew members had rep
Published 26 Aug, 2018 12:00am
Moscow warns Washington against 'reckless steps' in Syria

Moscow warns Washington against 'reckless steps' in Syria

A senior Russian official warned the United States on Saturday against making any "reckless" moves in Syria, the RIA news agency reported. Reacting to comments by US National Security Adviser John Bolton about Washington's possible strong reaction in the
Published 26 Aug, 2018 12:00am
Tropical Storm Lane causes 'severe' flooding in Hawaii

Tropical Storm Lane causes 'severe' flooding in Hawaii

Torrential rain pounded Hawaii on Saturday as Hurricane Lane, now downgraded to a tropical storm, slowly skirted the Pacific state, dumping enough rain to trigger landslides and "catastrophic" flooding. By 0900 GMT, Lane was located some 135 miles (220 ki
Published 26 Aug, 2018 12:00am
One dead in Nepal protest over rape, murder of teen

One dead in Nepal protest over rape, murder of teen

One person was killed and dozens injured in Nepal when police opened fire on protesters demanding action over the rape and murder of a 13-year-old girl, officials said Saturday. Angry crowds took to the streets in the country's remote west on Friday accus
Published 26 Aug, 2018 12:00am
Washington criticises European aid package for Iran

Washington criticises European aid package for Iran

A European Union aid plan for Iran sends "the wrong message at the wrong time" to the government in Tehran, the US State Department said Friday. The $20.7 million EU assistance package "perpetuates the regime's ability to neglect the needs of its people a
Published 26 Aug, 2018 12:00am
US judge rejects Trump directives easing ability to fire federal workers

US judge rejects Trump directives easing ability to fire federal workers

A US federal judge on Saturday rejected key elements of President Donald Trump's May executive orders that would make it easier to fire federal employees and reduce their ability to bargain collectively. Judge Ketanji Brown Jackson, of the US District Cou
Published 26 Aug, 2018 12:00am
Afghanistan's national security adviser resigns in break with president

Afghanistan's national security adviser resigns in break with president

Afghanistan's national security adviser, one of the most influential aides to President Ashraf Ghani, resigned on Saturday, a move one official said could be followed by his own bid for the top job in next year's scheduled election. Hanif Atmar's resignat
Published 26 Aug, 2018 12:00am
Suicide bomb attack kills two in eastern Afghanistan

Suicide bomb attack kills two in eastern Afghanistan

A suicide bomb blast killed at least two people Saturday outside an election commission office in the eastern Afghan city of Jalalabad, officials said. The latest attack in the war-torn country appeared to target a protest camp outside the building in Nan
Published 26 Aug, 2018 12:00am
Zimbabwe opposition leader insists he won elections

Zimbabwe opposition leader insists he won elections

Zimbabwe's main opposition leader Nelson Chamisa on Saturday refused to accept a Constitutional Court ruling that upheld Emmerson Mnangagwa's win in presidential elections last month. In his first comments since the country's top court overturned the oppo
Published 26 Aug, 2018 12:00am
New Nepali criminal code threatens press freedom

New Nepali criminal code threatens press freedom

Nepal's government must repeal or amend the new criminal code that came into effect on August 17 to remove provisions that severely threaten press freedom, the Committee to Protect Journalists said last week.
Published 26 Aug, 2018 12:00am
Istanbul police break up landmark Turkish mothers' protest

Istanbul police break up landmark Turkish mothers' protest

Istanbul police on Saturday broke up a regular demonstration by Turkish mothers remembering the disappearance of relatives in the 1980s and 1990s, detaining almost 50 people as participants marked the 700th such weekly protest.
Published 26 Aug, 2018 12:00am
Trump chat for new Australia PM on first full day

Trump chat for new Australia PM on first full day

Australia's new prime minister began his first full day Saturday with a phone call to Donald Trump as he set about restoring faith in his "battered and bruised" government after a tumultuous week. Scott Morrison was sworn in as the country's 30th leader l
Published 26 Aug, 2018 12:00am
Six dead, thousands evacuated in Taiwan floods

Six dead, thousands evacuated in Taiwan floods

Six people have been killed by floodwaters in Taiwan, officials said Saturday, after days of heavy rain forced thousands to evacuate their homes. A tropical depression has been dumping torrential rain in central and southern Taiwan since Thursday, with so
Published 26 Aug, 2018 12:00am
Papua New Guinea volcano erupts, forcing villagers to flee

Papua New Guinea volcano erupts, forcing villagers to flee

An island volcano on the north coast of Papua New Guinea erupted early on Saturday, forcing 2,000 villagers to flee from lava flows, the National Disaster Centre said. Manam Island, just 10 km (6 miles) wide, is one of the Pacific nation's most active vol
Published 26 Aug, 2018 12:00am
Pope vows to end repugnant sexual abuse 'at any cost'

Pope vows to end repugnant sexual abuse 'at any cost'

Pope Francis vowed on Saturday to end the "repugnant" sexual exploitation of children by Catholic clergy as he made a highly-charged visit to once devout Ireland where years of reported abuse have driven many Irish away from the Church.
Published 26 Aug, 2018 12:00am
Italy allows some migrants off stranded boat amid EU row

Italy allows some migrants off stranded boat amid EU row

Italy allowed 16 of the 150 migrants stranded on board a coastguard ship at a Sicily port to disembark on Saturday, as government officials face questioning over the refusal to let all passengers off, media reported. The Diciotti vessel has been docked at
Published 26 Aug, 2018 12:00am
Rohingya protest for 'justice' on crackdown anniversary

Rohingya protest for 'justice' on crackdown anniversary

Thousands of Rohingya refugees staged protests for "justice" Saturday on the first anniversary of a Myanmar military crackdown that forced them to flee to camps in Bangladesh. About 700,000 of the Muslim minority poured across the border after attacks by
Published 26 Aug, 2018 12:00am
Egypt says no faults in hotel room of UK couple who died

Egypt says no faults in hotel room of UK couple who died

Engineers have found no fault in the air conditioning unit or any other equipment in the Egyptian hotel room of a British couple on holiday who died within hours of each other, the public prosecutor said Saturday.
Published 26 Aug, 2018 12:00am
Iran's weightlifter sets eternal record, two Koreas in tears

Iran's weightlifter sets eternal record, two Koreas in tears

Iran's Sohrab Moradi set a weightlifting world record that could last forever on Saturday as tearful North and South Korean athletes combined to win a highly symbolic medal at the Asian Games. Olympic champion Moradi, who served a two-year doping ban from
Published 26 Aug, 2018 12:00am
Indonesia's Ginting stuns Momota in badminton

Indonesia's Ginting stuns Momota in badminton

Badminton world champion Kento Momota crashed out of the Asian Games against Indonesia's Anthony Ginting as the home favourite raised the roof at the Jakarta arena on Saturday. Ginting, 21, beat the Japanese world number four 21-18, 21-18, afterwards coll
Published 26 Aug, 2018 12:00am
Istomin pockets Asian gold, flies to US Open

Istomin pockets Asian gold, flies to US Open

Uzbekistan's Denis Istomin scooped Asian Games tennis gold in Indonesia on Saturday before jumping on a flight round the world to compete in the US Open. Istomin, 31, came from behind to beat China's reigning US Open boys' champion, 18-year-old Wu Yibing,
Published 26 Aug, 2018 12:00am
Tiger's biggest concern remains shortest club

Tiger's biggest concern remains shortest club

The biggest concern for Tiger Woods continues to be the shortest club in his bag despite shooting a three-under par 68 Saturday at the US PGA Northern Trust tournament. The 14-time major champion was among the early third-round starters and easily drawing
Published 26 Aug, 2018 12:00am
Schalke crash at Wolfsburg amid VAR chaos

Schalke crash at Wolfsburg amid VAR chaos

A dramatic late Daniel Ginczek goal sealed Wolfsburg's shock 2-1 win over Schalke on Saturday as video assistant referee (VAR) interventions dominated the opening weekend of the Bundesliga season. After Nabil Bentaleb's penalty cancelled out Wolfsburg's f
Published 26 Aug, 2018 12:00am
Hamilton snatches Spa pole in rain-hit qualifying

Hamilton snatches Spa pole in rain-hit qualifying

Lewis Hamilton tip-toed his way to a memorable record fifth pole position at the Belgian Grand Prix on Saturday as he and Mercedes handled the capricious weather conditions at the famous Spa-Francorchamps circuit with tactical aplomb.
Published 26 Aug, 2018 12:00am
Federer lags behind big rivals in US Open betting

Federer lags behind big rivals in US Open betting

Roger Federer heads to the US Open as third favourite behind longtime rivals Novak Djokovic and Rafael Nadal after a season that has nose-dived since he won the Australian Open at the start of the year. This time last year, Federer was the pundits' pick t
Published 26 Aug, 2018 12:00am
Serena says motherhood fuels fire
Kerb

Serena says motherhood fuels fire

Motherhood has had anything but a mellowing effect on Serena Williams, who arrives at the US Open in pursuit of a record-equalling 24th Grand Slam title. "If anything, I have more fire in my belly," Williams, a six-time US Open winner, said Saturday. "It'
Published 26 Aug, 2018 12:00am
Leeds top Championship table as Bolton slip up

Leeds top Championship table as Bolton slip up

Leeds stormed back to the top of the Championship on Saturday, leapfrogging local rivals Middlesbrough with a 3-0 victory against Norwich. The Canaries have painted the away dressing room pink in the hope of lowering the testosterone levels of their oppon
Published 26 Aug, 2018 12:00am
Man City held at Wolves, Arsenal off the mark under Emery

Man City held at Wolves, Arsenal off the mark under Emery

Manchester City's perfect start to their Premier League title defence was ended with a 1-1 draw at newcomers Wolverhampton Wanderers on Saturday while Arsenal earned the first win under Unai Emery, a 3-1 victory over West Ham United.
Published 26 Aug, 2018 12:00am
Investors trim bearish bets on most Asian currencies
Currency

Investors trim bearish bets on most Asian currencies

Investors have trimmed their short positions on Asian currencies over the last two weeks, a Reuters poll showed, as a weaker dollar, coupled with optimism over Sino-US trade tensions and tightening monetary policy in the region improved risk appetite.
Published 26 Aug, 2018 12:00am
Cryptocurrency exchange Bittrex teams with Rialto
Currency

Cryptocurrency exchange Bittrex teams with Rialto

US-based cryptocurrency exchange Bittrex is partnering with registered broker-dealer Rialto Trading to offer a trading venue for blockchain-based digital assets, the companies said on Thursday. Rialto runs a US-registered trading platform for fixed income
Published 26 Aug, 2018 12:00am
Canadian dollar strengthens
Currency

Canadian dollar strengthens

The Canadian dollar strengthened against its US counterpart on Friday, recovering from an earlier one-week low as oil prices rose and a speech by Federal Reserve Chairman Jerome Powell helped boost stocks and weaken the greenback. Equity markets rose glob
Published 26 Aug, 2018 12:00am
Speculators' boost bullish bets on dollar
Currency

Speculators' boost bullish bets on dollar

Speculators' net long bets on the US dollar rose slightly in the latest week to the largest position since mid-January 2017, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long d
Published 26 Aug, 2018 12:00am
Nigeria boosts FX sales
Currency

Nigeria boosts FX sales

Nigeria's central bank stepped up dollar sales this week after it auctioned the US and Chinese currencies last week in a bid to alleviate shortages and ease pressure on the naira. On Friday the bank said it sold a total of $543.22 million on the interbank
Published 26 Aug, 2018 12:00am
Turkish lira moves up against dollar
Currency

Turkish lira moves up against dollar

The Turkish lira firmed against the dollar on Friday after weakening in thin holiday trade this week, as a bitter standoff dragged on between Ankara and Washington over the fate of an American pastor being tried in Turkey. The lira firmed to 6.0550 agains
Published 26 Aug, 2018 12:00am
Rouble continues to pull back from lows
Currency

Rouble continues to pull back from lows

The Russian rouble firmed on Friday despite an announcement that new US sanctions would take effect on Monday, pulling back from its lowest levels since 2016 as the market priced in a pause in the central bank's purchases of foreign currency. The rouble h
Published 26 Aug, 2018 12:00am
South Africa's rand recovers

South Africa's rand recovers

South Africa's rand firmed on Friday as the dollar fell, regaining poise after a sharp dip in the previous session after US President Donald Trump's tweet about land reform in Africa's most industrialised economy. Stocks rose amid broad gains led by marke
Published 26 Aug, 2018 12:00am
Automaker Tesla to remain a public company: Musk

Automaker Tesla to remain a public company: Musk

Tesla CEO Elon Musk said Friday that the company would continue to be publicly traded, weeks after suggesting that he would take the pioneering electric carmaker private. Musk met Tesla's board of directors on Thursday "and let them know that I believe th
Published 26 Aug, 2018 12:00am
Mexico far from goal on Alibaba e-commerce deal

Mexico far from goal on Alibaba e-commerce deal

Mexico's deal with China's biggest e-commerce company, Alibaba, to increase online business for exports like avocados and tequila needs the participation of dozens more companies to make it successful, an official at Mexican trade group Promexico said in
Published 26 Aug, 2018 12:00am
BIS's Carstens warns of economic risks of protectionism
Currency

BIS's Carstens warns of economic risks of protectionism

Agustin Carstens, general manager of the Bank of International Settlements, on Saturday delivered a scathing critique of rising protectionism, a not-so-subtle rebuke to US President Donald Trump's use of tariffs and trade talks to wring concessions from C
Published 26 Aug, 2018 12:00am
US economy expected to slow, damaged by trade war

US economy expected to slow, damaged by trade war

US economic growth will slow steadily in coming quarters after touching a four-year high in April-June, according to a Reuters poll of economists, who expect President Donald Trump's trade war to inflict damage.
Published 26 Aug, 2018 12:00am
One in three chance of South Africa recession this year
Currency

One in three chance of South Africa recession this year

South Africa's economy probably struggled to gain traction in the second quarter after shrinking at the start of 2018, according to a Reuters poll of economists who said there was a one in three chance of recession this year. Around 30 economists polled e
Published 26 Aug, 2018 12:00am
Cuba signals willingness to open railway operation to foreigners

Cuba signals willingness to open railway operation to foreigners

Cuba has signaled its willingness to open up the operation of its extensive state railway system to foreign companies in a decree published Wednesday as part of a spate of economic reforms. The decree "proposes that the railways may be operated wholly or
Published 26 Aug, 2018 12:00am
Egypt targets $11 billion foreign investment

Egypt targets $11 billion foreign investment

Egypt plans to attract $11 billion in foreign direct investment in the current 2018-19 fiscal year, up from $7.9 billion the year before, Planning Minister Hala al-Saeed said on Wednesday. The minister said the government, under a medium-term development
Published 26 Aug, 2018 12:00am
China aims for more loans to small firms

China aims for more loans to small firms

China will encourage financial institutions to boost loans to smaller firms and aims for better planning of winter gas supplies to prioritise residential users and highly polluted areas, the cabinet said on Wednesday.
Published 26 Aug, 2018 12:00am
US wants quick progress on EU trade issues

US wants quick progress on EU trade issues

Washington is pressing the European Union to speed up trade negotiations launched after last month's meeting between US President Donald Trump and EU Commission President Jean-Claude Juncker, two German and a US official said on Saturday.
Published 26 Aug, 2018 12:00am
Cotton market: Mills indulge in fresh buying of fine quality
Cotton

Cotton market: Mills indulge in fresh buying of fine quality

Mills showed fresh interest in purchasing of fine quality lint on the cotton market on Saturday, dealers said. The official spot rate was unchanged at Rs 8100, they added. Prices of seed cotton in Sindh and the Punjab were at Rs 3600-3800, they said. In B
Published 26 Aug, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (August 25, 2018) and the forecast for Sunday (August 26, 2018).

Published 26 Aug, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 25, 2018).

Published 26 Aug, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 25, 2018).

Published 26 Aug, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 25, 2018).

Published 26 Aug, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (August 25, 2018)

Published 26 Aug, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 25, 2018).

Published 26 Aug, 2018 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (August 25, 2018).

Published 26 Aug, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 25, 2018).

Published 26 Aug, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 25, 2018).

Published 26 Aug, 2018 12:00am
THE RUPEE: Minor changes
Currency

THE RUPEE: Minor changes

The rupee showed slight changes in terms of the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee was unchanged against the dollar for buying at Rs 122.50 while it shed 30 paisas for selling at Rs 123.80, t
Published 26 Aug, 2018 12:00am
THE RUPEE: Minor changes
Currency

THE RUPEE: Minor changes

The rupee showed slight changes in terms of the dollar on the money market on Saturday in the process of trading activity, dealers said. The rupee was unchanged against the dollar for buying at Rs 122.50 while it shed 30 paisas for selling at Rs 123.80, t
Published 26 Aug, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (August 25, 2018).

Published 26 Aug, 2018 12:00am
India's rapeseed meal exports to likely jump in 2018-19

India's rapeseed meal exports to likely jump in 2018-19

India's rapeseed meal exports are likely to jump 50 percent in 2018/19 from a year ago to 1 million tonnes as neighbouring China is set to resume imports from New Delhi after nearly seven years, a leading industry official said on Tuesday.
Published 26 Aug, 2018 12:00am
Palm oil eases on European vegoils market
Vegetable Oil

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased further on Thursday as weakness in CBOT soyaoil and forecasts for increasing production weighed on prices. Asking prices for palm oil were between unchanged and $7.50 a tonne down from Wednesday after M
Published 26 Aug, 2018 12:00am
CBOT soyabean futures lower

CBOT soyabean futures lower

Chicago Board of Trade soyabean futures declined on Thursday on expectations for a bumper US harvest and worries about trade with top global soya buyer China as a new round of tariffs kicked in. US and China, despite ongoing trade negotiations, implemente
Published 26 Aug, 2018 12:00am
CBOT corn futures fall on strong US yield prospects

CBOT corn futures fall on strong US yield prospects

Chicago Board of Trade corn futures fell on Thursday for a fifth straight session on technical selling and as results from an ongoing US crop tour fuelled expectations of a large US harvest, traders said. CBOT December corn settled down 5-3/4 cents at $3.
Published 26 Aug, 2018 12:00am
Asian naphtha crack eases to two-session low

Asian naphtha crack eases to two-session low

Asia's naphtha crack eased to a two-session low of $99.38 a tonne on Thursday, dragged down by expectations of higher supplies streaming in from the West, including Europe and the Mediterranean. South Korea's KPIC was looking to buy naphtha, but results w
Published 26 Aug, 2018 12:00am
Asian rice prices languish as demand stalls

Asian rice prices languish as demand stalls

Rice prices in India were mostly unchanged this week, despite a weaker rupee allowing exporters to lower their offers, while tepid demand kept export rates in check in Vietnam and Thailand. In top exporter India, rates for 5 percent broken parboiled rice
Published 26 Aug, 2018 12:00am
China's July grain imports fall after US tariffs

China's July grain imports fall after US tariffs

China's grain imports plunged in July after Beijing imposed hefty tariffs on shipments from the United States as part of its trade conflict and as rising international prices curbed buying, customs data showed on Thursday. China brought in 220,000 tonnes
Published 26 Aug, 2018 12:00am
S&P 500 reaches new high to clinch record bull run

S&P 500 reaches new high to clinch record bull run

The benchmark S&P 500 stock index clinched its longest bull-market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the US central bank's current pace of rate hikes. The S&P had last reached a new
Published 26 Aug, 2018 12:00am
TSX rises

TSX rises

The Toronto Stock Exchange's S&P/TSX rose 29.26 points, or 0.18 percent, to 16,356.05 on Friday. Leading the index were Aphria Inc, up 22.7 percent, Ivanhoe Mines Ltd, up 13.7 percent, and Pretium Resources Inc, higher by 9 percent. Lagging shares were Ma
Published 26 Aug, 2018 12:00am
Treasuries outlook: yield curve flattest since 2007 over more rate hikes

Treasuries outlook: yield curve flattest since 2007 over more rate hikes

The Treasury yield curve reached its flattest level since 2007 on Friday as comments by Federal Reserve Chairman Jerome Powell affirmed expectations that the US central bank will continue raising rates. The Fed's steady interest rate hikes are the best wa
Published 26 Aug, 2018 12:00am
Treasuries outlook: yield curve flattest since 2007 over more rate hikes

Treasuries outlook: yield curve flattest since 2007 over more rate hikes

The Treasury yield curve reached its flattest level since 2007 on Friday as comments by Federal Reserve Chairman Jerome Powell affirmed expectations that the US central bank will continue raising rates. The Fed's steady interest rate hikes are the best wa
Published 26 Aug, 2018 12:00am
EU extends ban on sale of 'binary' options to retail customers

EU extends ban on sale of 'binary' options to retail customers

The European Union's securities watchdog has renewed a ban on the sale of 'binary' options to retail customers for a further three months starting October 2, saying there are still concerns about the risks of the products.
Published 26 Aug, 2018 12:00am
'Old' bull market sputters on while tech inflows slow: BAML

'Old' bull market sputters on while tech inflows slow: BAML

Investors bought back into US stocks this week which set their longest-ever market rally, although risks ahead spurred anxiety over how much longer the ageing bull can last, Bank of America Merrill Lynch strategists said on Friday. They also declared the
Published 26 Aug, 2018 12:00am
Fidelity fund votes backed Tesla, potential sign of more support

Fidelity fund votes backed Tesla, potential sign of more support

Funds run by Fidelity Investments sided with Tesla Inc management on director votes and other controversial items this spring, filings showed on Thursday, which experts said could presage further support for the carmaker's CEO, Elon Musk, as he looks to t
Published 26 Aug, 2018 12:00am
Fidelity fund votes backed Tesla, potential sign of more support

Fidelity fund votes backed Tesla, potential sign of more support

Funds run by Fidelity Investments sided with Tesla Inc management on director votes and other controversial items this spring, filings showed on Thursday, which experts said could presage further support for the carmaker's CEO, Elon Musk, as he looks to t
Published 26 Aug, 2018 12:00am
Vodacom launches 5G internet service in Lesotho

Vodacom launches 5G internet service in Lesotho

South Africa's Vodacom launched what it said was Africa's first commercial 5G internet service in Lesotho on Saturday, but said it would only be able to provide a similar service in its home market once spectrum was made available.
Published 26 Aug, 2018 12:00am
'Amazon effect' could have impact on inflation dynamics

'Amazon effect' could have impact on inflation dynamics

More frequent price changes for goods and a rise in the consistency of pricing due to the growth of online retailers may be affecting inflation, according to an academic paper presented on Saturday to some of the world's top central bankers.
Published 26 Aug, 2018 12:00am
UK says Brexit could hit banks' stock of 'risk free' EU debt

UK says Brexit could hit banks' stock of 'risk free' EU debt

Britain could force European Union banks operating in London to start holding capital against inventory of riskier EU government bonds in the case of a 'no-deal' Brexit. At part of preparations for Britain's departure from European Union next March, the f
Published 26 Aug, 2018 12:00am
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