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KOSM 3.99 Increased By ▲ 0.05 (1.27%)
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SYM 12.68 Increased By ▲ 0.51 (4.19%)
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TPLP 7.00 Increased By ▲ 0.25 (3.7%)
TRG 56.27 Increased By ▲ 3.14 (5.91%)
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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-10-20
Brazen Taliban attack threatens Afghan peace talks, stability

Brazen Taliban attack threatens Afghan peace talks, stability

A Taliban attack on top US and Afghan security chiefs inside a highly secure compound in Afghanistan is a major coup for the insurgents that threatens to torpedo peace talks and destabilise the country's south, analysts say.
Published 20 Oct, 2018 12:00am
BRIndex100 extends gains

BRIndex100 extends gains

Pakistan Stock Exchange ended the week on a positive note on the back of healthy buying in various sectors.
Published 20 Oct, 2018 12:00am
BRIndex100 extends gains

BRIndex100 extends gains

Pakistan Stock Exchange ended the week on a positive note on the back of healthy buying in various sectors.
Published 20 Oct, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (October 19, 2018).

Published 20 Oct, 2018 12:00am
SPI down 0.14 percent for combined income group

SPI down 0.14 percent for combined income group

The Sensitive Price Indicator (SPI), which reflects weekly inflation, for the combined income group has witnessed a decrease of 0.14 percent for the week ended October 18 as compared to the previous week. While on year-on-year basis, SPI inflation has wit
Published 20 Oct, 2018 12:00am
SPI down 0.14 percent for combined income group

SPI down 0.14 percent for combined income group

The Sensitive Price Indicator (SPI), which reflects weekly inflation, for the combined income group has witnessed a decrease of 0.14 percent for the week ended October 18 as compared to the previous week. While on year-on-year basis, SPI inflation has wit
Published 20 Oct, 2018 12:00am
THE RUPEE: rupee gains vs $
Currency

THE RUPEE: rupee gains vs $

The rupee managed to recover modestly against the dollar on the open market on Friday in the process of trading activity, dealers said.
Published 20 Oct, 2018 12:00am
SPI down 0.14 percent for combined income group

SPI down 0.14 percent for combined income group

The Sensitive Price Indicator (SPI), which reflects weekly inflation, for the combined income group has witnessed a decrease of 0.14 percent for the week ended October 18 as compared to the previous week. While on year-on-year basis, SPI inflation has wit
Published 20 Oct, 2018 12:00am
THE RUPEE: rupee gains vs $
Currency

THE RUPEE: rupee gains vs $

The rupee managed to recover modestly against the dollar on the open market on Friday in the process of trading activity, dealers said.
Published 20 Oct, 2018 12:00am
Saudi cleric slams 'fabrications' over missing journalist

Saudi cleric slams 'fabrications' over missing journalist

The prayer leader at Makkah's Grand Mosque called Friday for "unity" in the face of "fabrications" against Saudi Arabia, over two weeks after a dissident journalist's disappearance sparked a diplomatic crisis. Riyadh has faced mounting international press
Published 20 Oct, 2018 12:00am
Saudi cleric slams 'fabrications' over missing journalist

Saudi cleric slams 'fabrications' over missing journalist

The prayer leader at Makkah's Grand Mosque called Friday for "unity" in the face of "fabrications" against Saudi Arabia, over two weeks after a dissident journalist's disappearance sparked a diplomatic crisis. Riyadh has faced mounting international press
Published 20 Oct, 2018 12:00am
SBP tells Ecs: No services for persons proscribed under UNSC Act and ATA

SBP tells Ecs: No services for persons proscribed under UNSC Act and ATA

The State Bank of Pakistan (SBP) has restricted all Exchange Companies from providing services to individuals designated under UNSC Resolutions or proscribed under ATA, 1997. The State Bank has issued detailed guidelines on Targeted Financial Sanctions (T
Published 20 Oct, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 19, 2018).

Published 20 Oct, 2018 12:00am
SBP tells Ecs: No services for persons proscribed under UNSC Act and ATA

SBP tells Ecs: No services for persons proscribed under UNSC Act and ATA

The State Bank of Pakistan (SBP) has restricted all Exchange Companies from providing services to individuals designated under UNSC Resolutions or proscribed under ATA, 1997. The State Bank has issued detailed guidelines on Targeted Financial Sanctions (T
Published 20 Oct, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 19, 2018).

Published 20 Oct, 2018 12:00am
SBP tells Ecs: No services for persons proscribed under UNSC Act and ATA

SBP tells Ecs: No services for persons proscribed under UNSC Act and ATA

The State Bank of Pakistan (SBP) has restricted all Exchange Companies from providing services to individuals designated under UNSC Resolutions or proscribed under ATA, 1997. The State Bank has issued detailed guidelines on Targeted Financial Sanctions (T
Published 20 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 19, 2018).

Published 20 Oct, 2018 12:00am
SBP tells banks, DFIs to carry out biometric verification

SBP tells banks, DFIs to carry out biometric verification

In order to mitigate the money laundering and terrorist financing risks, the State Bank of Pakistan (SBP) Friday advised banks/DFIs to carry out biometric verification of the existing customers. Regulation-1 (Customer Due Diligence-CDD) of AML/CFT Regulat
Published 20 Oct, 2018 12:00am
SBP tells banks, DFIs to carry out biometric verification

SBP tells banks, DFIs to carry out biometric verification

In order to mitigate the money laundering and terrorist financing risks, the State Bank of Pakistan (SBP) Friday advised banks/DFIs to carry out biometric verification of the existing customers. Regulation-1 (Customer Due Diligence-CDD) of AML/CFT Regulat
Published 20 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 19, 2018)

Published 20 Oct, 2018 12:00am
SBP tells banks, DFIs to carry out biometric verification

SBP tells banks, DFIs to carry out biometric verification

In order to mitigate the money laundering and terrorist financing risks, the State Bank of Pakistan (SBP) Friday advised banks/DFIs to carry out biometric verification of the existing customers. Regulation-1 (Customer Due Diligence-CDD) of AML/CFT Regulat
Published 20 Oct, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 19, 2018).

Published 20 Oct, 2018 12:00am
FATF team to share findings on compliance within two weeks

FATF team to share findings on compliance within two weeks

The Asian Pacific Group (APG) Mutual Evaluation Assessment Team concluded its 12-day visit to Pakistan on Friday and will share its findings on compliance of Pakistan with Anti Money Laundering and Counter Financing Terrorism (AML/CFT) regulations within
Published 20 Oct, 2018 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Oct, 2018 12:00am
FATF team to share findings on compliance within two weeks

FATF team to share findings on compliance within two weeks

The Asian Pacific Group (APG) Mutual Evaluation Assessment Team concluded its 12-day visit to Pakistan on Friday and will share its findings on compliance of Pakistan with Anti Money Laundering and Counter Financing Terrorism (AML/CFT) regulations within
Published 20 Oct, 2018 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Oct, 2018 12:00am
CJP for adopting steps to resolve water scarcity issue

CJP for adopting steps to resolve water scarcity issue

Pakistan immediately needs to adopt measures to solve the problems that contribute to water scarcity, said Chief Justice Mian Saqib Nisar on Friday. He was addressing the inaugural session of two days International Symposium on "Creating a Water-Secure Pa
Published 20 Oct, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 19, 2018).

Published 20 Oct, 2018 12:00am
CJP for adopting steps to resolve water scarcity issue

CJP for adopting steps to resolve water scarcity issue

Pakistan immediately needs to adopt measures to solve the problems that contribute to water scarcity, said Chief Justice Mian Saqib Nisar on Friday. He was addressing the inaugural session of two days International Symposium on "Creating a Water-Secure Pa
Published 20 Oct, 2018 12:00am
The Weather

The Weather

The weather report on Friday (October 19, 2018) and the forecast for Saturday (October 20, 2018).

Published 20 Oct, 2018 12:00am
Construction of new water reservoirs top priority: President

Construction of new water reservoirs top priority: President

President Dr Arif Alvi has said that the construction of new water reservoirs should be amongst the top priorities of the government. "With every passing day, the need to build water reservoirs is being felt more than ever. Water availability for agricult
Published 20 Oct, 2018 12:00am
Construction of new water reservoirs top priority: President

Construction of new water reservoirs top priority: President

President Dr Arif Alvi has said that the construction of new water reservoirs should be amongst the top priorities of the government. "With every passing day, the need to build water reservoirs is being felt more than ever. Water availability for agricult
Published 20 Oct, 2018 12:00am
Ten-wicket Abbas destroys Australia for Pakistan's series win

Ten-wicket Abbas destroys Australia for Pakistan's series win

Medium pacer Mohammad Abbas took his maiden ten-wicket haul in a match to fire Pakistan to a 373-run win over Australia in the second Test in Abu Dhabi on Friday. Abbas followed his 5-33 in the first innings with figures of 5-62 to wreck Australia for 164
Published 20 Oct, 2018 12:00am
Ten-wicket Abbas destroys Australia for Pakistan's series win

Ten-wicket Abbas destroys Australia for Pakistan's series win

Medium pacer Mohammad Abbas took his maiden ten-wicket haul in a match to fire Pakistan to a 373-run win over Australia in the second Test in Abu Dhabi on Friday. Abbas followed his 5-33 in the first innings with figures of 5-62 to wreck Australia for 164
Published 20 Oct, 2018 12:00am
At least 130 Gazans hit by Israeli gunfire

At least 130 Gazans hit by Israeli gunfire

At least 130 Palestinians were hit by Israeli gunfire Friday as thousands protested near Gaza's border with Israel, the health ministry in the enclave said. Following calls to avoid an escalation in violence, the demonstrators largely kept their distance
Published 20 Oct, 2018 12:00am
At least 130 Gazans hit by Israeli gunfire

At least 130 Gazans hit by Israeli gunfire

At least 130 Palestinians were hit by Israeli gunfire Friday as thousands protested near Gaza's border with Israel, the health ministry in the enclave said. Following calls to avoid an escalation in violence, the demonstrators largely kept their distance
Published 20 Oct, 2018 12:00am
PM to attend Saudi investment moot: FO

PM to attend Saudi investment moot: FO

After senior officials of several Western countries, multilaterals and multinationals decided not to participate in "Future Investment Initiative (FII)," conference to be held from October 23-25 in Riyadh, Saudi Arabia, Prime Minister, Imran Khan has deci
Published 20 Oct, 2018 12:00am
PM to attend Saudi investment moot: FO

PM to attend Saudi investment moot: FO

After senior officials of several Western countries, multilaterals and multinationals decided not to participate in "Future Investment Initiative (FII)," conference to be held from October 23-25 in Riyadh, Saudi Arabia, Prime Minister, Imran Khan has deci
Published 20 Oct, 2018 12:00am
PM to attend Saudi investment moot: FO

PM to attend Saudi investment moot: FO

After senior officials of several Western countries, multilaterals and multinationals decided not to participate in "Future Investment Initiative (FII)," conference to be held from October 23-25 in Riyadh, Saudi Arabia, Prime Minister, Imran Khan has deci
Published 20 Oct, 2018 12:00am
India's purchase of S-400: MDS will lead renewed arms race: FO

India's purchase of S-400: MDS will lead renewed arms race: FO

Foreign Office has said on Friday that India's decision to buy S-400 missile defence system (MDS) from Russia to acquire a ballistic missile defence (BMD) system will further destabilise the region strategically, besides leading to a renewed arms race. Fo
Published 20 Oct, 2018 12:00am
Mild quake jolts upper parts of country

Mild quake jolts upper parts of country

A mild earthquake jolted multiple cities in Khyber Pakhtunkhwa, Gilgit-Baltistan and Azad Kashmir on Friday. Tremors were felt in Islamabad, Peshawar, Swat, Mansehra, Chilas and suburban areas. The magnitude of the earthquake has yet to be determined. The
Published 20 Oct, 2018 12:00am
'Friendship Gates' closed on Afghan government's request

'Friendship Gates' closed on Afghan government's request

To facilitate Afghanistan in holding peaceful parliamentary elections, Pakistan agreed to keep 'Friendship Gates' at Chaman and Torkham closed on October 19 and 20 at the Afghan government's request, according to Foreign Office spokesperson Dr Mohammad Fa
Published 20 Oct, 2018 12:00am
'Friendship Gates' closed on Afghan government's request

'Friendship Gates' closed on Afghan government's request

To facilitate Afghanistan in holding peaceful parliamentary elections, Pakistan agreed to keep 'Friendship Gates' at Chaman and Torkham closed on October 19 and 20 at the Afghan government's request, according to Foreign Office spokesperson Dr Mohammad Fa
Published 20 Oct, 2018 12:00am
Afghanistan delays vote in strategic Kandahar after killing of commander

Afghanistan delays vote in strategic Kandahar after killing of commander

Saturday's parliamentary election in the southern Afghan province of Kandahar will be delayed by a week after the assassination of one of the country's most powerful security chiefs dealt a stunning blow to the Western-backed government. General Abdul Raz
Published 20 Oct, 2018 12:00am
Afghanistan delays vote in strategic Kandahar after killing of commander

Afghanistan delays vote in strategic Kandahar after killing of commander

Saturday's parliamentary election in the southern Afghan province of Kandahar will be delayed by a week after the assassination of one of the country's most powerful security chiefs dealt a stunning blow to the Western-backed government. General Abdul Raz
Published 20 Oct, 2018 12:00am
SBP's deputy governor Reappointed

SBP's deputy governor Reappointed

The Imran Khan-led government has reappointed one of the Deputy Governors of State Bank of Pakistan (SBP) for a second term of three years. On October 4, 2018, the federal cabinet terminated the services of two Deputy Governors of SBP, along with heads of
Published 20 Oct, 2018 12:00am
SBP's deputy governor Reappointed

SBP's deputy governor Reappointed

The Imran Khan-led government has reappointed one of the Deputy Governors of State Bank of Pakistan (SBP) for a second term of three years. On October 4, 2018, the federal cabinet terminated the services of two Deputy Governors of SBP, along with heads of
Published 20 Oct, 2018 12:00am
SBP''s deputy governor Reappointed

SBP''s deputy governor Reappointed

The Imran Khan-led government has reappointed one of the Deputy Governors of State Bank of Pakistan (SBP) for a second term of three years. On October 4, 2018, the federal cabinet terminated the services of two Deputy Governors of SBP, along with heads of
Published 20 Oct, 2018 12:00am
At least 59 killed as train hits crowd in India

At least 59 killed as train hits crowd in India

A commuter train travelling at high speed ran through a crowd of people on the rail tracks in northern India killing at least 59 people on Friday, state officials said, making it India's worst rail disaster this year. Video footage from the scene showed h
Published 20 Oct, 2018 12:00am
At least 59 killed as train hits crowd in India

At least 59 killed as train hits crowd in India

A commuter train travelling at high speed ran through a crowd of people on the rail tracks in northern India killing at least 59 people on Friday, state officials said, making it India's worst rail disaster this year. Video footage from the scene showed h
Published 20 Oct, 2018 12:00am
Inevitable rise in power tariff

Inevitable rise in power tariff

The decision to raise electricity rates is a foregone conclusion after the Khan-led administration formally requested a bailout package from the International Monetary Fund (IMF). The objective of a raise in rates is to achieve full cost recovery, a stand
Published 20 Oct, 2018 12:00am
Imran Khan and the media

Imran Khan and the media

An interesting exchange took place between an All Pakistan Newspapers Society (APNS) delegation and Prime Minister (PM) Imran Khan when the former called on him on October 16, 2018. The PM conceded that without the media's help he would not have attained
Published 20 Oct, 2018 12:00am
PTI govt's 100-day plan: Mid-term scorecard

PTI govt's 100-day plan: Mid-term scorecard

Pakistan Tehreek-e-Insaf (PTI) is in government for well over 50 days. PTI had announced its 100-day plan as its election pledge to set right all the economic, social and governance issues of the state the nation. People, who catapulted PTI into power, ra
Published 20 Oct, 2018 12:00am
Depleted
Cotton

Depleted

According to the data on the State Bank of Pakistan website, our combined exports for the financial year 2018 for the food group and the textile group amounted to US$ 18.1 billion out of a total exports for the year of US$ 24.7 billion; about 74%. And thi
Published 20 Oct, 2018 12:00am
China, Southeast Asia to hold maritime drill

China, Southeast Asia to hold maritime drill

China and Southeast Asian states will hold their first joint maritime exercises next week, officials said Friday, in a move aimed at easing tensions but which may spark US alarm. Beijing's expansive claims to the South China Sea have long been a source of
Published 20 Oct, 2018 12:00am
Report on water supply schemes, RO plants sought

Report on water supply schemes, RO plants sought

Sindh Chief Secretary Syed Mumtaz Ali Shah on Friday asked the Secretary Public Health Engineering Department (PHED) to expedite work for completing water supply schemes of Thar. Presiding over a high level meeting regarding Thar Development Program, the
Published 20 Oct, 2018 12:00am
KATI president urges government to define economic agenda

KATI president urges government to define economic agenda

President of Korangi Association of Trade and Industry (KATI) Danish Khan urged the government to define its national agenda on economy. He said that according to IMF, inflation in Pakistan could hit the highest level of 14 pc till June, next year. He exp
Published 20 Oct, 2018 12:00am
Engro Corporation posts Rs 17.853 billion PAT for nine months

Engro Corporation posts Rs 17.853 billion PAT for nine months

Pakistan's premier conglomerate, Engro Corporation announced its financial results for nine months ended September 30th, 2018. The Company posted a consolidated profit-after-tax (PAT) of Rs 17,853 million; up by 53 percent, while PAT attributable to the s
Published 20 Oct, 2018 12:00am
Engro Corporation posts Rs 17.853 billion PAT for nine months

Engro Corporation posts Rs 17.853 billion PAT for nine months

Pakistan's premier conglomerate, Engro Corporation announced its financial results for nine months ended September 30th, 2018. The Company posted a consolidated profit-after-tax (PAT) of Rs 17,853 million; up by 53 percent, while PAT attributable to the s
Published 20 Oct, 2018 12:00am
Customs steps up to simplify DTRE: official
Cotton

Customs steps up to simplify DTRE: official

Customs member Muhammad Zahid Khokhar on Friday signalled that the country is ready to do 'anything' to grow exports to scale up its foreign exchange accumulations, saying that the government's primary focus is to augment local export-oriented industries.
Published 20 Oct, 2018 12:00am
Sindh government to appoint 1,500 doctors without written exam: adviser

Sindh government to appoint 1,500 doctors without written exam: adviser

Adviser to Chief Minister Sindh on Information, Law and Anti-Corruption Barrister Murtaza Wahab has said that with a view to provide immediate medical relief across the Sindh, the Government of Sindh has decided to appoint 1500 doctors without written exa
Published 20 Oct, 2018 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices edged up on Friday, on course for a third week of gains as weaker stock markets spurred investors to seek refuge in bullion, which also gained technical momentum after scaling major milestones. Spot gold was up 0.2 percent to $1,227.40 an ounc
Published 20 Oct, 2018 12:00am
US MIDDAY: soyabeans down

US MIDDAY: soyabeans down

US soyabean futures fell to a one-week low on Friday and were on pace for a second straight weekly decline, pressured by fresh cancellations of US soyabean sales, traders said. Corn futures fell for a fourth straight session and were also on track for a w
Published 20 Oct, 2018 12:00am
Gold surges in Europe

Gold surges in Europe

Gold prices edged up on Friday, on course for a third week of gains as weaker stock markets spurred investors to seek refuge in bullion, which also gained technical momentum after scaling major milestones. Spot gold added 0.3 percent to $1,228.51 an ounce
Published 20 Oct, 2018 12:00am
Gold moves up in Asia

Gold moves up in Asia

Gold prices rose on Friday in Asian trade, setting the metal on course for a third week of gains as weaker stock markets spurred investors to seek refuge in bullion, which also gained technical momentum after scaling key milestones. Spot gold added 0.3 pe
Published 20 Oct, 2018 12:00am
Palm oil edges down
Vegetable Oil

Palm oil edges down

Malaysian palm oil futures declined on Friday, their second straight day of losses, tracking weaker related edible oils such as US soyaoil on the Chicago Board of Trade and palm olein on China's Dalian Commodity Exchange. The benchmark palm oil contract f
Published 20 Oct, 2018 12:00am
Raw sugar up: grind data lifts cocoa
Currency

Raw sugar up: grind data lifts cocoa

Raw sugar futures settled higher on Friday, supported by the strong currency in top-grower Brazil, while cocoa prices rose on positive grind data from North America and Asia. March raw sugar settled up 0.02 cent, or 0.14 percent, at 13.89 cents per lb, mo
Published 20 Oct, 2018 12:00am
Oil up but posts weekly loss on stock build, trade tensions

Oil up but posts weekly loss on stock build, trade tensions

Oil prices rose on Friday on signs of surging demand in China, the world's No. 2 oil consumer, although prices were headed for a second weekly decline on swelling US inventories and concern that trade wars were curbing economic activity.
Published 20 Oct, 2018 12:00am
Copper, nickel rise as China pledges support for illiquid firms

Copper, nickel rise as China pledges support for illiquid firms

Copper rose on Friday and nickel prices rebounded from a one-month low after regulators in China pledged support for firms with liquidity issues brought on by months of slowing growth. Both metals ended the week down, however, under pressure from a firmer
Published 20 Oct, 2018 12:00am
US, South Korea suspend additional military exercise

US, South Korea suspend additional military exercise

US Defense Secretary Jim Mattis and his South Korean counterpart Jeong Kyeong-doo have cancelled the "Vigilant Ace" military exercise that was slated for December, a Pentagon spokeswoman said Friday. The two officials agreed to suspend the drill to "give
Published 20 Oct, 2018 12:00am
China to launch lunar lighting in outer space

China to launch lunar lighting in outer space

China is planning to launch its own 'artificial moon' by 2020 to replace streetlamps and lower electricity costs in urban areas, state media reported Friday. Chengdu, a city in southwestern Sichuan province, is developing "illumination satellites" which w
Published 20 Oct, 2018 12:00am
Early trade in New York: Euro recovers on profit-taking
Currency

Early trade in New York: Euro recovers on profit-taking

The euro recovered from one-week lows against the US dollar on Friday as investors took profits on bets against the currency, after it was burdened this week by concerns about Italy's spending proposals and Britain's plans to exit the European Union. The
Published 20 Oct, 2018 12:00am
Sri Lankan rupee hits record low

Sri Lankan rupee hits record low

The Sri Lankan rupee fell to a record low of 171.80 per dollar on Friday as banks and importers bought the US dollar, while stocks slid to a near five-year closing low in dull trade. The rupee dropped to an all-time low of 171.80 per dollar, surpassing it
Published 20 Oct, 2018 12:00am
Most Asian currencies strengthen
Currency

Most Asian currencies strengthen

Most emerging Asian currencies rose on Friday, aided by profit-taking on the dollar and a slight strengthening of the yuan as Beijing pledged more policy support to mitigate risks from a trade row with the United States. The Chinese yuan traded hands at 6
Published 20 Oct, 2018 12:00am
Aussie, kiwi resilient

Aussie, kiwi resilient

The Australian and New Zealand dollars inched cautiously higher on Friday after Beijing offset a mixed bag of Chinese data by pledging more support for the economy, though risk sentiment remained all-too fragile after a rough week. The Aussie dollar firme
Published 20 Oct, 2018 12:00am
Dollar rises against euro in New York
Currency

Dollar rises against euro in New York

The US dollar rose to one-week highs against the euro on Thursday after the European Commission said Italy's 2019 budget draft is in serious breach of EU budget rules. The step prepares the ground for what would be an unprecedented rejection of a member s
Published 20 Oct, 2018 12:00am
weakens in Asia
Currency

weakens in Asia

The euro hovered near a one-week low against the dollar on Friday as the European Commission's criticism of Italy's populist budget sparked fresh concerns about political tensions in the common currency zone. The dollar index, a gauge of its value against
Published 20 Oct, 2018 12:00am
Air France, unions reach deal to end costly pay dispute

Air France, unions reach deal to end costly pay dispute

Air France management and unions announced Friday that they had reached a deal aimed at ending months of strikes that set the airline back hundreds of millions of euros. Five unions representing 76.4 percent of the personnel accepted management's offer of
Published 20 Oct, 2018 12:00am
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