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Print - 2018-10-13
World Sight Day: Ignite launches website for people with disabilities

World Sight Day: Ignite launches website for people with disabilities

The mission of Ignite National Technology Fund is to fix the innovation value chain in Pakistan. In order to achieve our mission under the auspices of Ministry of Information Technology & Telecom, we believe in equal representation of all social groups in
Published 13 Oct, 2018 12:00am
BRIndex100 falters

BRIndex100 falters

Sentiments at Pakistan Stock Exchange (PSX) remained negative due to selling pressure. BRIndex100 lost 155.42 points or 3.8 percent to close at 3,935.45 points on Friday compared to 4,090.87 points Thursday. BRIndex100 touched intraday high of 4,091.09 po
Published 13 Oct, 2018 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

Sharp recovery was witnessed on the money market on Friday as the rupee improved against the dollar in the process of trading activity, dealers said.
Published 13 Oct, 2018 12:00am
Power price hike looks inevitable

Power price hike looks inevitable

The government may raise electricity tariff by Rs 3.82 as suggested by Nepra thereby raising per unit price from Rs 12.92 to Rs 15.82, as a pre-program condition by the International Monetary Fund (IMF), informed sources told Business Recorder. The
Published 13 Oct, 2018 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

Sharp recovery was witnessed on the money market on Friday as the rupee improved against the dollar in the process of trading activity, dealers said.
Published 13 Oct, 2018 12:00am
Power price hike looks inevitable

Power price hike looks inevitable

The government may raise electricity tariff by Rs 3.82 as suggested by Nepra thereby raising per unit price from Rs 12.92 to Rs 15.82, as a pre-program condition by the International Monetary Fund (IMF), informed sources told Business Recorder. The
Published 13 Oct, 2018 12:00am
Power price hike looks inevitable

Power price hike looks inevitable

The government may raise electricity tariff by Rs 3.82 as suggested by Nepra thereby raising per unit price from Rs 12.92 to Rs 15.82, as a pre-program condition by the International Monetary Fund (IMF), informed sources told Business Recorder. The
Published 13 Oct, 2018 12:00am
Transparency needed for debts to China: US

Transparency needed for debts to China: US

As the IMF launches talks with Pakistan over a bailout package, US Treasury Secretary Mnuchin said Friday transparency was needed for Pakistan's debts to China and other creditors. "I think it's pretty clear that if there is an IMF program, that we'd need
Published 13 Oct, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 12, 2018).

Published 13 Oct, 2018 12:00am
Transparency needed for debts to China: US

Transparency needed for debts to China: US

As the IMF launches talks with Pakistan over a bailout package, US Treasury Secretary Mnuchin said Friday transparency was needed for Pakistan's debts to China and other creditors. "I think it's pretty clear that if there is an IMF program, that we'd need
Published 13 Oct, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 12, 2018).

Published 13 Oct, 2018 12:00am
Transparency needed for debts to China: US

Transparency needed for debts to China: US

As the IMF launches talks with Pakistan over a bailout package, US Treasury Secretary Mnuchin said Friday transparency was needed for Pakistan''s debts to China and other creditors. "I think it''s pretty clear that if there is an IMF program, that we''d n
Published 13 Oct, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (October 12, 2018).

Published 13 Oct, 2018 12:00am
NIP refuses to purchase land for SEZ under CPEC

NIP refuses to purchase land for SEZ under CPEC

National Industrial Parks Development & Management Company (NIP) has reportedly refused to purchase land for Special Economic Zone (SEZ) under CPEC due to paucity of funds, well-informed sources told Business Recorder.
Published 13 Oct, 2018 12:00am
NIP refuses to purchase land for SEZ under CPEC

NIP refuses to purchase land for SEZ under CPEC

National Industrial Parks Development & Management Company (NIP) has reportedly refused to purchase land for Special Economic Zone (SEZ) under CPEC due to paucity of funds, well-informed sources told Business Recorder.
Published 13 Oct, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 12, 2018)

Published 13 Oct, 2018 12:00am
NIP refuses to purchase land for SEZ under CPEC

NIP refuses to purchase land for SEZ under CPEC

National Industrial Parks Development & Management Company (NIP) has reportedly refused to purchase land for Special Economic Zone (SEZ) under CPEC due to paucity of funds, well-informed sources told Business Recorder.
Published 13 Oct, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 12, 2018).

Published 13 Oct, 2018 12:00am
SPI up 3.65 percent for combined income group

SPI up 3.65 percent for combined income group

The Sensitive Price Indicator (SPI), a weekly inflation indicator, has witnessed an increase of 3.65 percent for the combined income group for the week ended October 11 as compared to the previous week. While on year-on-year basis, the SPI inflation has w
Published 13 Oct, 2018 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 13 Oct, 2018 12:00am
SPI up 3.65 percent for combined income group

SPI up 3.65 percent for combined income group

The Sensitive Price Indicator (SPI), a weekly inflation indicator, has witnessed an increase of 3.65 percent for the combined income group for the week ended October 11 as compared to the previous week. While on year-on-year basis, the SPI inflation has w
Published 13 Oct, 2018 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 13 Oct, 2018 12:00am
SPI up 3.65 percent for combined income group

SPI up 3.65 percent for combined income group

The Sensitive Price Indicator (SPI), a weekly inflation indicator, has witnessed an increase of 3.65 percent for the combined income group for the week ended October 11 as compared to the previous week. While on year-on-year basis, the SPI inflation has w
Published 13 Oct, 2018 12:00am
The Weather

The Weather

The weather report on Friday (October 12, 2018) and the forecast for Saturday (October 13, 2018).

Published 13 Oct, 2018 12:00am
IHC judge failed to substantiate allegations: SJC

IHC judge failed to substantiate allegations: SJC

The Supreme Judicial Council (SJC) report says that former judge of Islamabad High Court, Justice Shaukat Siddiqui, failed to substantiate allegations that he had levelled in his speech. The President of Pakistan upon the recommendations of the SJC on 11t
Published 13 Oct, 2018 12:00am
IHC judge failed to substantiate allegations: SJC

IHC judge failed to substantiate allegations: SJC

The Supreme Judicial Council (SJC) report says that former judge of Islamabad High Court, Justice Shaukat Siddiqui, failed to substantiate allegations that he had levelled in his speech. The President of Pakistan upon the recommendations of the SJC on 11t
Published 13 Oct, 2018 12:00am
Prevention of Electronic Crimes (Amend) Bill 2018 to be withdrawn

Prevention of Electronic Crimes (Amend) Bill 2018 to be withdrawn

The Pakistan Tehreek-e-Insaf (PTI) government has decided to withdraw the Prevention of Electronic Crimes (Amendment) Bill, 2018, saying it has nothing to do with the bill as it was the brainchild of the previous government. Leader of the House in Senate
Published 13 Oct, 2018 12:00am
Prevention of Electronic Crimes (Amend) Bill 2018 to be withdrawn

Prevention of Electronic Crimes (Amend) Bill 2018 to be withdrawn

The Pakistan Tehreek-e-Insaf (PTI) government has decided to withdraw the Prevention of Electronic Crimes (Amendment) Bill, 2018, saying it has nothing to do with the bill as it was the brainchild of the previous government. Leader of the House in Senate
Published 13 Oct, 2018 12:00am
SJC dismisses all complaints against Justice Kasi

SJC dismisses all complaints against Justice Kasi

The Supreme Judicial Council (SJC) has dismissed all the complaints filed against Islamabad High Court Chief Justice Muhammad Anwar Khan Kasi. According to a press statement issued by the Supreme Court office on Friday, the SJC meeting under the chairmans
Published 13 Oct, 2018 12:00am
SJC dismisses all complaints against Justice Kasi

SJC dismisses all complaints against Justice Kasi

The Supreme Judicial Council (SJC) has dismissed all the complaints filed against Islamabad High Court Chief Justice Muhammad Anwar Khan Kasi. According to a press statement issued by the Supreme Court office on Friday, the SJC meeting under the chairmans
Published 13 Oct, 2018 12:00am
SBP decides to biometric all bank accounts

SBP decides to biometric all bank accounts

The State Bank of Pakistan (SBP) has decided to biometric all bank accounts aimed at eliminating fake accounts and end illegal transactions. Sources said that biometric verification is already mandatory for opening of a new bank account by the State Bank
Published 13 Oct, 2018 12:00am
SBP decides to biometric all bank accounts

SBP decides to biometric all bank accounts

The State Bank of Pakistan (SBP) has decided to biometric all bank accounts aimed at eliminating fake accounts and end illegal transactions. Sources said that biometric verification is already mandatory for opening of a new bank account by the State Bank
Published 13 Oct, 2018 12:00am
SBP decides to biometric all bank accounts

SBP decides to biometric all bank accounts

The State Bank of Pakistan (SBP) has decided to biometric all bank accounts aimed at eliminating fake accounts and end illegal transactions. Sources said that biometric verification is already mandatory for opening of a new bank account by the State Bank
Published 13 Oct, 2018 12:00am
CM chairs meeting on EU-assisted Poverty Reduction Strategy

CM chairs meeting on EU-assisted Poverty Reduction Strategy

Sindh Chief Minister Syed Murad Ali Shah has said that Poverty Reduction Strategy (PRS) prepared with the technical assistance of European Union (EU) is aimed at focusing on targeted interventions for poverty reduction, building on existing government ini
Published 13 Oct, 2018 12:00am
Oil & gas: Ministry plans to share royalty with oil-producing districts

Oil & gas: Ministry plans to share royalty with oil-producing districts

Ministry for Petroleum & Natural Resources has been working on a mechanism to give share from the royalty to districts where oil and gas fields are located. Under the proposal, the oil and gas exploration and production companies will review the environme
Published 13 Oct, 2018 12:00am
Oil & gas: Ministry plans to share royalty with oil-producing districts

Oil & gas: Ministry plans to share royalty with oil-producing districts

Ministry for Petroleum & Natural Resources has been working on a mechanism to give share from the royalty to districts where oil and gas fields are located. Under the proposal, the oil and gas exploration and production companies will review the environme
Published 13 Oct, 2018 12:00am
Oil & gas: Ministry plans to share royalty with oil-producing districts

Oil & gas: Ministry plans to share royalty with oil-producing districts

Ministry for Petroleum & Natural Resources has been working on a mechanism to give share from the royalty to districts where oil and gas fields are located. Under the proposal, the oil and gas exploration and production companies will review the environme
Published 13 Oct, 2018 12:00am
Gulalai Ismail 'detained' as she returns to country

Gulalai Ismail 'detained' as she returns to country

A leading women's rights campaigner was detained for nearly nine hours after landing in Islamabad Friday, activists said. The Federal Investigation Agency (FIA) detained Gulalai Ismail on her return from the United Kingdom, Ismat Shahjahan, another activi
Published 13 Oct, 2018 12:00am
Gulalai Ismail 'detained' as she returns to country

Gulalai Ismail 'detained' as she returns to country

A leading women's rights campaigner was detained for nearly nine hours after landing in Islamabad Friday, activists said. The Federal Investigation Agency (FIA) detained Gulalai Ismail on her return from the United Kingdom, Ismat Shahjahan, another activi
Published 13 Oct, 2018 12:00am
Qureshi offers expertise to combat global terrorism

Qureshi offers expertise to combat global terrorism

Foreign Minister Shah Mehmood Qureshi recalled Pakistan's largest and most effective counter-terrorism operations in recent years and offered to share the country's expertise in combating terrorism through the 'SCO Regional Anti Terrorist Structure'. He m
Published 13 Oct, 2018 12:00am
Qureshi offers expertise to combat global terrorism

Qureshi offers expertise to combat global terrorism

Foreign Minister Shah Mehmood Qureshi recalled Pakistan's largest and most effective counter-terrorism operations in recent years and offered to share the country's expertise in combating terrorism through the 'SCO Regional Anti Terrorist Structure'. He m
Published 13 Oct, 2018 12:00am
Facebook says hackers accessed data of 29 million users
Kerb

Facebook says hackers accessed data of 29 million users

Facebook said Friday that hackers accessed personal data of 29 million users in a breach at the world's leading social network disclosed late last month. The company had originally said up to 50 million accounts were affected in a cyberattack that exploit
Published 13 Oct, 2018 12:00am
Facebook says hackers accessed data of 29 million users
Kerb

Facebook says hackers accessed data of 29 million users

Facebook said Friday that hackers accessed personal data of 29 million users in a breach at the world's leading social network disclosed late last month. The company had originally said up to 50 million accounts were affected in a cyberattack that exploit
Published 13 Oct, 2018 12:00am
Facebook says hackers accessed data of 29 million users
Kerb

Facebook says hackers accessed data of 29 million users

Facebook said Friday that hackers accessed personal data of 29 million users in a breach at the world''s leading social network disclosed late last month. The company had originally said up to 50 million accounts were affected in a cyberattack that exploi
Published 13 Oct, 2018 12:00am
UK leadership commends improved security situation

UK leadership commends improved security situation

General Qamar Javed Bajwa, Chief of Army Staff (COAS) during his visit to UK met General Sir Nicholson Carter, UK Chief of Defence Staff (CDS), where upon arrival he was also presented guard of honour. The meeting was followed up by delegation-level talks
Published 13 Oct, 2018 12:00am
UK leadership commends improved security situation

UK leadership commends improved security situation

General Qamar Javed Bajwa, Chief of Army Staff (COAS) during his visit to UK met General Sir Nicholson Carter, UK Chief of Defence Staff (CDS), where upon arrival he was also presented guard of honour. The meeting was followed up by delegation-level talks
Published 13 Oct, 2018 12:00am
Zainab murder case: Convict to be executed on October 17

Zainab murder case: Convict to be executed on October 17

The anti-terrorism court (ATC) admin judge Sheikh Sajjad Ahmad on Friday issued death warrants of Imran Ali - the man convicted for the rape and murder of a seven-year-old Zainab of Kasur city. Imran, who was awarded 21 counts of death in the case, will b
Published 13 Oct, 2018 12:00am
Zainab murder case: Convict to be executed on October 17

Zainab murder case: Convict to be executed on October 17

The anti-terrorism court (ATC) admin judge Sheikh Sajjad Ahmad on Friday issued death warrants of Imran Ali - the man convicted for the rape and murder of a seven-year-old Zainab of Kasur city. Imran, who was awarded 21 counts of death in the case, will b
Published 13 Oct, 2018 12:00am
References against Nawaz: Accountability court given final deadline

References against Nawaz: Accountability court given final deadline

The Supreme Court Friday granted another five weeks to the Accountability Court to conclude trial in the Al-Azizia Steel Mills and the Flagship Investment corruption references against former Prime Minister Nawaz Sharif and his sons. The Accountability Co
Published 13 Oct, 2018 12:00am
References against Nawaz: Accountability court given final deadline

References against Nawaz: Accountability court given final deadline

The Supreme Court Friday granted another five weeks to the Accountability Court to conclude trial in the Al-Azizia Steel Mills and the Flagship Investment corruption references against former Prime Minister Nawaz Sharif and his sons. The Accountability Co
Published 13 Oct, 2018 12:00am
Hearing adjourned

Hearing adjourned

An Accountability Court hearing corruption cases against the Sharif family members on Friday adjourned the hearing of the Flagship Investment reference without any proceedings when it was informed that both the lead defense counsel and head of prosecution
Published 13 Oct, 2018 12:00am
Hearing adjourned

Hearing adjourned

An Accountability Court hearing corruption cases against the Sharif family members on Friday adjourned the hearing of the Flagship Investment reference without any proceedings when it was informed that both the lead defense counsel and head of prosecution
Published 13 Oct, 2018 12:00am
US-China trade talks must cover currency: US Treasury chief
Currency

US-China trade talks must cover currency: US Treasury chief

US Treasury Secretary Steven Mnuchin said on Friday that he told China's central bank chief that currency issues need to be part of any further US-China trade talks and expressed his concerns about the yuan's recent weakness. Mnuchin also told Reuters in
Published 13 Oct, 2018 12:00am
US-China trade talks must cover currency: US Treasury chief
Currency

US-China trade talks must cover currency: US Treasury chief

US Treasury Secretary Steven Mnuchin said on Friday that he told China's central bank chief that currency issues need to be part of any further US-China trade talks and expressed his concerns about the yuan's recent weakness. Mnuchin also told Reuters in
Published 13 Oct, 2018 12:00am
US-China trade talks must cover currency: US Treasury chief
Currency

US-China trade talks must cover currency: US Treasury chief

US Treasury Secretary Steven Mnuchin said on Friday that he told China''s central bank chief that currency issues need to be part of any further US-China trade talks and expressed his concerns about the yuan''s recent weakness. Mnuchin also told Reuters i
Published 13 Oct, 2018 12:00am
Saudi team in Turkey for talks on missing journalist

Saudi team in Turkey for talks on missing journalist

A Saudi delegation has arrived in Turkey for talks on missing journalist Jamal Khashoggi, officials said on Friday, with Riyadh and Ankara sharply at odds over how he disappeared last week from the kingdom's Istanbul consulate. As the controversy intensif
Published 13 Oct, 2018 12:00am
Saudi team in Turkey for talks on missing journalist

Saudi team in Turkey for talks on missing journalist

A Saudi delegation has arrived in Turkey for talks on missing journalist Jamal Khashoggi, officials said on Friday, with Riyadh and Ankara sharply at odds over how he disappeared last week from the kingdom's Istanbul consulate. As the controversy intensif
Published 13 Oct, 2018 12:00am
The China-US trade war
Currency

The China-US trade war

The recent trade confrontation between China and the US is not only going to slow down global trade and growth but is certainly going to impact their own economies. In order to neutralise the negative impact of trade war, China is already taking steps to
Published 13 Oct, 2018 12:00am
Another debacle

Another debacle

The PTI government in its relatively short time in office has betrayed an incredible talent for shooting itself in the foot. In the latest of such gaffes, the federal government on October 9, 2018 removed the Punjab Inspector General (IG) of police barely
Published 13 Oct, 2018 12:00am
PTI government's 100-day plan: The clock is ticking - VIII

PTI government's 100-day plan: The clock is ticking - VIII

In the last part of his eight-part series titled 'PTI govt's 100-day plan' of articles, this writer seeks to draw PTI government's attention towards the dire need for restructuring the federal government executive structure and the urgency to audit the tr
Published 13 Oct, 2018 12:00am
An untidy affair

An untidy affair

Pursuant to upbringing, have always believed, and maintained, that a neat and clean working environment is a precondition for getting work done efficiently; any kind of work. This particular rule of making sure that everything is in its right place has pr
Published 13 Oct, 2018 12:00am
Who runs the (economic) world? It might soon be women
Currency

Who runs the (economic) world? It might soon be women

Who runs the world? It might soon be women as a crop of female economists join IMF chief Christine Lagarde in top positions at major financial bodies. As the International Monetary Fund and World Bank meet this week in Bali, Lagarde no longer cuts quite t
Published 13 Oct, 2018 12:00am
IMF the only option

IMF the only option

The International Monetary Fund (IMF) wants complete details of country's entire debts, including those owed to China, before it takes a decision on our request to grant a loan. Only recently, US Secretary of State Pompeo issued a warning to us in relatio
Published 13 Oct, 2018 12:00am
All set to hold by-polls on 11 NA seats tomorrow

All set to hold by-polls on 11 NA seats tomorrow

All is set to hold by-elections on 11 seats of National Assembly in different parts of the country on Sunday (October 14). Seats up for grabs include eight from Punjab and one each from KP, Islamabad and Karachi.
Published 13 Oct, 2018 12:00am
CJP takes notice of encroachment on Hindu community's properties

CJP takes notice of encroachment on Hindu community's properties

Chief Justice Mian Saqib Nisar Friday took notice of alleged encroachment upon the properties of the Hindu community in Sindh. Chief Justice fixed the matter on October 18, 2018 and issued notice to the attorney general for Pakistan, advocate general Sind
Published 13 Oct, 2018 12:00am
Buzdar vows to overcome challenges under PM's leadership

Buzdar vows to overcome challenges under PM's leadership

Punjab Chief Minister Sardar Usman Buzdar on Friday said that only Prime Minister Imran Khan will make Pakistan a self-sufficient state in the world. Talking to different delegations, he said the present-day challenges have to be overcome with collective
Published 13 Oct, 2018 12:00am
Qureshi highlights importance of CPEC at CHG meeting

Qureshi highlights importance of CPEC at CHG meeting

Foreign Minister of Pakistan Shah Mehmood Qureshi Friday participated in the restricted and extended sessions of the 17th Meeting of the Council of Heads of Government (CHG) of the Member States of Shanghai Cooperation Organisation (SCO) in Dushanbe, Taji
Published 13 Oct, 2018 12:00am
Eurozone industrial output rebounds more than forecast
Currency

Eurozone industrial output rebounds more than forecast

Production at factories in the eurozone increased in August by more than forecast, reversing the negative trend of the previous two months in what could prove a boost for the bloc's economic growth in the third quarter, data released on Friday showed. The
Published 13 Oct, 2018 12:00am
NASA says will use Russia's Soyuz despite rocket failure

NASA says will use Russia's Soyuz despite rocket failure

NASA chief Jim Bridenstine on Friday praised the Russian space programme and said he expected a new crew to go to the International Space Station in December despite a rocket failure. "I fully anticipate that we will fly again on a Soyuz rocket and I have
Published 13 Oct, 2018 12:00am
US rescuers search for victims as hurricane death toll mounts

US rescuers search for victims as hurricane death toll mounts

Search and rescue teams faced a second day of sifting through the ruined landscape left by Hurricane Michael on Friday as the death toll rose to 11. After devastating coastal communities in the Florida Panhandle, the remnants of the storm, now downgraded
Published 13 Oct, 2018 12:00am
Princess Eugenie marries wine merchant

Princess Eugenie marries wine merchant

Queen Elizabeth II's granddaughter Princess Eugenie married a wine merchant on Friday in a Windsor wedding clouded by complaints over costs and struggling to recapture the magic of past royal nuptials. The big day for the ninth in line to the throne and J
Published 13 Oct, 2018 12:00am
New World Bank fund to insure against climate disasters

New World Bank fund to insure against climate disasters

The World Bank on Friday launched a new $150 million fund intended to help insure vulnerable countries against natural disasters and the increasing risk of climate change-linked crises. The announcement follows a string of recent natural disasters across
Published 13 Oct, 2018 12:00am
South Africa's apartheid-era foreign minister dies

South Africa's apartheid-era foreign minister dies

Former South African foreign minister Roelof "Pik" Botha, whose long career in government straddled both the apartheid era and the presidency of Nelson Mandela, has died aged 86, his son said Friday. Botha served as foreign minister for 17 years until the
Published 13 Oct, 2018 12:00am
UN criticized over latest picks for rights council

UN criticized over latest picks for rights council

Bahrain, Cameroon and the Philippines were among a number of nations controversially elected to the United Nations Human Rights Council on Friday, sparking sharp criticism from rights groups. Around a third of the seats on the 47-member council, based in
Published 13 Oct, 2018 12:00am
32 Syrians rescued at sea off Lebanon

32 Syrians rescued at sea off Lebanon

The Lebanese navy and a UN force have rescued 32 Syrian refugees whose boat broke down as they attempted to reach Cyprus, the navy said Friday. The United Nations peacekeeping force in Lebanon, UNIFIL, said it found the craft on Thursday morning after rec
Published 13 Oct, 2018 12:00am
Jetliner lands in US after world's longest flight

Jetliner lands in US after world's longest flight

An Airbus jetliner arrived in Newark on Friday after a nearly 18-hour trip from Singapore, completing the world's longest commercial flight. It marked the revival of a route that had been eliminated in 2013. Singapore Airlines Flight SQ22 arrived at 5:29
Published 13 Oct, 2018 12:00am
Catalans march for unity on Spain's national day

Catalans march for unity on Spain's national day

Tens of housands of Catalans who want their region to remain part of Spain marked national day Friday, marching through Barcelona in protest against leaders who brought the region to the brink of independence last year. Waving both Spanish and Catalan fla
Published 13 Oct, 2018 12:00am
Sterling falls as traders prepare for EU summit
Currency

Sterling falls as traders prepare for EU summit

Sterling weakened on Friday as investors booked profits after a rally that has left the British currency poised for a second consecutive week of gains on growing optimism about an agreement on a Brexit deal at a European Union Summit next week. Underscori
Published 13 Oct, 2018 12:00am
Asian forex: China's yuan weakens, most other units up
Currency

Asian forex: China's yuan weakens, most other units up

China's yuan weakened on Friday as surprisingly strong export figures fed fears over its trade war with the United States, while most other Asian currencies firmed on Friday after being battered earlier in the week by fallout from a global equity market s
Published 13 Oct, 2018 12:00am
Sri Lankan rupee rises

Sri Lankan rupee rises

The Sri Lankan rupee strengthened 0.5 percent on Friday, as inward remittances and exporters dollar sales surpassed mild importer demand for the greenback, while stocks declined for a fourth straight session and posted their lowest close in more than one
Published 13 Oct, 2018 12:00am
Dollar sinks against basket of currencies in New York
Currency

Dollar sinks against basket of currencies in New York

The dollar fell to a near two-week low on Thursday against a basket of currencies as traders pared greenback holdings on lower US Treasury yields and further equity losses on Wall Street. A weaker-than-forecast rise in US consumer prices in September redu
Published 13 Oct, 2018 12:00am
Dollar recovers in Europe
Currency

Dollar recovers in Europe

The dollar edged up on Friday, reflecting investor confidence in the US economy, despite criticism by President Donald Trump of the Federal Reserve and a sell-off in US equities. A recent decline in stocks has yet to spread into foreign exchange markets,
Published 13 Oct, 2018 12:00am
Aussie, kiwi resilient after rough week
Currency

Aussie, kiwi resilient after rough week

The Australian and New Zealand dollars were ending a tough week on an upbeat note on Friday as Chinese data beat expectations despite the ongoing tussle over tariffs, while a lull in the equity rout helped risk appetite in general. The Australian dollar w
Published 13 Oct, 2018 12:00am
Anger as poverty-hit PNG buys 40 Maseratis for APEC

Anger as poverty-hit PNG buys 40 Maseratis for APEC

Papua New Guinea has bought 40 Maserati sports cars to chauffeur world leaders around next month's Asia-Pacific Economic Cooperation summit, triggering an outcry from critics who say the poverty-stricken country has better things to spend its money on. Th
Published 13 Oct, 2018 12:00am
Record cargo shipped via Panama Canal

Record cargo shipped via Panama Canal

A record 442 million tons of cargo was shipped through the Panama Canal over the past fiscal year, despite the US-China trade war, officials said Thursday. The figure reflects a 9.5 percent rise compared to last year, the waterway's administration said in
Published 13 Oct, 2018 12:00am
Toil and risk: The life of the sand diggers of Mali

Toil and risk: The life of the sand diggers of Mali

A building boom in the Malian capital Bamako has triggered a surge in demand for bricks made from high-quality sand dug by hand from the bed of the Niger River. The work is arduous, risky and, by many standards, poorly paid.
Published 13 Oct, 2018 12:00am
Japan unveils plan to attract more foreign workers

Japan unveils plan to attract more foreign workers

Japan on Friday unveiled a plan to attract more foreign blue-collar workers, as the world's number-three economy battles a crippling labour shortage caused by an ageing and shrinking population. The plan reportedly aims to fill gaping shortages in sectors
Published 13 Oct, 2018 12:00am
Britain plans fiscal buffer for Brexit: Hammond

Britain plans fiscal buffer for Brexit: Hammond

Britain is preparing a "fiscal reserve" to support the economy in case of turmoil when the country officially exits the European Union, finance minister Philip Hammond told Bloomberg TV Friday. "We are in a period of uncertainty because of the Brexit nego
Published 13 Oct, 2018 12:00am
FTSE fails to rebound in worst week since February

FTSE fails to rebound in worst week since February

UK shares failed to rebound on Friday and posted their worst weekly loss since a market correction in February as a new sell-off hit stock markets across the globe, amid worries about protectionism and fast-rising US interest rates. The FTSE 100 closed do
Published 13 Oct, 2018 12:00am
Pilots sue Ryanair over Dutch airport pullout

Pilots sue Ryanair over Dutch airport pullout

Pilots are suing Ryanair over the closure of its base in the Dutch city of Eindhoven, unions said Friday, accusing the carrier of trying to break strikes with the move. The Irish airline announced on October 1 it would take all four aircraft from Eindhove
Published 13 Oct, 2018 12:00am
Fracking to begin in Britain after court ruling

Fracking to begin in Britain after court ruling

Energy company Cuadrilla will begin fracking Britain's first horizontal shale-gas well on Saturday after the High Court in London dismissed a last-minute request for an injunction by environmentalists. "We are delighted to be starting our hydraulic fractu
Published 13 Oct, 2018 12:00am
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