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Print - 2018-11-12
Oil producers see oversupply, call for new strategies

Oil producers see oversupply, call for new strategies

Major oil producers said Sunday that crude supply next year would outstrip demand, calling for new strategies based on production adjustments. Khalid al-Falih, Energy Minister of the world's top supplier Saudi Arabia, said the kingdom would cut its produc
Published 12 Nov, 2018 12:00am
Oil producers see oversupply, call for new strategies

Oil producers see oversupply, call for new strategies

Major oil producers said Sunday that crude supply next year would outstrip demand, calling for new strategies based on production adjustments. Khalid al-Falih, Energy Minister of the world's top supplier Saudi Arabia, said the kingdom would cut its produc
Published 12 Nov, 2018 12:00am
Oil producers see oversupply, call for new strategies

Oil producers see oversupply, call for new strategies

Major oil producers said Sunday that crude supply next year would outstrip demand, calling for new strategies based on production adjustments. Khalid al-Falih, Energy Minister of the world''s top supplier Saudi Arabia, said the kingdom would cut its produ
Published 12 Nov, 2018 12:00am
There's no PTI-PML-Q rift: Sarwar

There's no PTI-PML-Q rift: Sarwar

Punjab Governor Chaudhry Muhammad Sarwar on Sunday said that there was no rift with the coalition partner Pakistan Muslim League (PML-Q) and he enjoys cordial relations with Speaker Punjab Assembly Chaudhry Pervaiz Elahi. Talking to the media after instal
Published 12 Nov, 2018 12:00am
There's no PTI-PML-Q rift: Sarwar

There's no PTI-PML-Q rift: Sarwar

Punjab Governor Chaudhry Muhammad Sarwar on Sunday said that there was no rift with the coalition partner Pakistan Muslim League (PML-Q) and he enjoys cordial relations with Speaker Punjab Assembly Chaudhry Pervaiz Elahi. Talking to the media after instal
Published 12 Nov, 2018 12:00am
THE RUPEE: declining trend
Currency

THE RUPEE: declining trend

The rupee came under pressure against the dollar owing to surge in demand for the greenback during the week, ended on November 10, 2018. The rupee lost Rs 1.43 versus the dollar for buying and selling at Rs 133.85 and Rs 133.90. The rupee dropped by Rs 1.
Published 12 Nov, 2018 12:00am
THE RUPEE: declining trend
Currency

THE RUPEE: declining trend

The rupee came under pressure against the dollar owing to surge in demand for the greenback during the week, ended on November 10, 2018. The rupee lost Rs 1.43 versus the dollar for buying and selling at Rs 133.85 and Rs 133.90. The rupee dropped by Rs 1.
Published 12 Nov, 2018 12:00am
Power generation: no subsidised gas for Industry

Power generation: no subsidised gas for Industry

The federal government has decided to undo earlier decision of supplying gas to the industry for power generation at subsidised rates, well informed sources in Finance Division told Business Recorder. Finance Ministry, has, also made it clear that
Published 12 Nov, 2018 12:00am
Power generation: no subsidised gas for Industry

Power generation: no subsidised gas for Industry

The federal government has decided to undo earlier decision of supplying gas to the industry for power generation at subsidised rates, well informed sources in Finance Division told Business Recorder. Finance Ministry, has, also made it clear that
Published 12 Nov, 2018 12:00am
Power generation: no subsidised gas for Industry

Power generation: no subsidised gas for Industry

The federal government has decided to undo earlier decision of supplying gas to the industry for power generation at subsidised rates, well informed sources in Finance Division told Business Recorder. Finance Ministry, has, also made it clear that
Published 12 Nov, 2018 12:00am
BRIndex100 loses 81.83 points

BRIndex100 loses 81.83 points

Pakistan Stock Exchange remained under pressure during the outgoing week ended November 09, 2018 due to selling in various sectors. BRIndex100 lost 81.83 points on week-on-week basis to close at 4,394.79 points. Average daily volumes stood at 220.404 mill
Published 12 Nov, 2018 12:00am
BRIndex100 loses 81.83 points

BRIndex100 loses 81.83 points

Pakistan Stock Exchange remained under pressure during the outgoing week ended November 09, 2018 due to selling in various sectors. BRIndex100 lost 81.83 points on week-on-week basis to close at 4,394.79 points. Average daily volumes stood at 220.404 mill
Published 12 Nov, 2018 12:00am
BRIndex100 loses 81.83 points

BRIndex100 loses 81.83 points

Pakistan Stock Exchange remained under pressure during the outgoing week ended November 09, 2018 due to selling in various sectors. BRIndex100 lost 81.83 points on week-on-week basis to close at 4,394.79 points. Average daily volumes stood at 220.404 mill
Published 12 Nov, 2018 12:00am
Futures spread up by 56 basis points

Futures spread up by 56 basis points

The futures spread increased by 56bps to 6.93 percent on the last day of the outgoing week. Trading activities on futures counter, however, remained thin as average daily volumes declined by 14.1 percent to 83.55 million shares. The average daily trading
Published 12 Nov, 2018 12:00am
Futures spread up by 56 basis points

Futures spread up by 56 basis points

The futures spread increased by 56bps to 6.93 percent on the last day of the outgoing week. Trading activities on futures counter, however, remained thin as average daily volumes declined by 14.1 percent to 83.55 million shares. The average daily trading
Published 12 Nov, 2018 12:00am
Policy-level talks with IMF begin today

Policy-level talks with IMF begin today

The International Monetary Fund (IMF) visiting mission and government economic team led by Finance Minister Asad Umar will begin policy-level discussion on a new bailout package from today (Monday) with plenary meeting to focus on recent developments, gov
Published 12 Nov, 2018 12:00am
Policy-level talks with IMF begin today

Policy-level talks with IMF begin today

The International Monetary Fund (IMF) visiting mission and government economic team led by Finance Minister Asad Umar will begin policy-level discussion on a new bailout package from today (Monday) with plenary meeting to focus on recent developments, gov
Published 12 Nov, 2018 12:00am
Policy-level talks with IMF begin today

Policy-level talks with IMF begin today

The International Monetary Fund (IMF) visiting mission and government economic team led by Finance Minister Asad Umar will begin policy-level discussion on a new bailout package from today (Monday) with plenary meeting to focus on recent developments, gov
Published 12 Nov, 2018 12:00am
KP universities officers vow to resist change in Universities Act-2012

KP universities officers vow to resist change in Universities Act-2012

Federation of the Khyber Pakhtunkhwa Public Sector Universities Administrative Officers Association has reiterated that any unilateral change made in the KP public sector Universities Act-2012 will be opposed and all constitutional and democratic measures
Published 12 Nov, 2018 12:00am
Restoration of UCH: CJP seeks report from Punjab CS

Restoration of UCH: CJP seeks report from Punjab CS

Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Sunday directed for restoration of United Christian Hospital (UCH) Lahore and sought a report from the chief secretary Punjab within a week in this regard. The chief justice passed these orders while hea
Published 12 Nov, 2018 12:00am
Sri Lanka speaker urges officials to defy president 'illegal orders'

Sri Lanka speaker urges officials to defy president 'illegal orders'

Sri Lanka's speaker on Sunday accused President Maithripala Sirisena of usurping parliament and urged public servants to defy his "illegal orders", as the president scrambled to defend his controversial sacking of the legislature. Speaker Karu Jayasuriya
Published 12 Nov, 2018 12:00am
PM's visit to China more successful than expectations: Rashid

PM's visit to China more successful than expectations: Rashid

Minister for Railways Sheikh Rashid Ahmad on Sunday said that Prime Minister Imran Khan's visit to China was more successful than expectations. Talking to a private news channel, the minister said PM Imran Khan was doing hard work for moving the country o
Published 12 Nov, 2018 12:00am
Poland marks independence centenary amid tensions

Poland marks independence centenary amid tensions

Poland's eurosceptic leaders marked a century of national independence on Sunday as more than 200,000 people marched through the capital in a parade involving far-right groups and neo-fascist activists from Italy. The march is a focus of debate about whet
Published 12 Nov, 2018 12:00am
Afghan Taliban attacks intensify as US peace envoy returns

Afghan Taliban attacks intensify as US peace envoy returns

The Taliban intensified attacks in a district heavily populated by minority Hazaras Sunday, as US envoy Zalmay Khalilzad returned to the region as part of efforts to convince the group to end the 17-year war. In pre-dawn fighting in Jaghori district in th
Published 12 Nov, 2018 12:00am
Afghan Taliban attacks intensify as US peace envoy returns

Afghan Taliban attacks intensify as US peace envoy returns

The Taliban intensified attacks in a district heavily populated by minority Hazaras Sunday, as US envoy Zalmay Khalilzad returned to the region as part of efforts to convince the group to end the 17-year war. In pre-dawn fighting in Jaghori district in th
Published 12 Nov, 2018 12:00am
Redefined FBR role

Redefined FBR role

Federal Information Minister Fawad Chaudhry while addressing a press conference stated that the government has decided to set up a Tax Policy Board (TPB), in line with Pakistan Tehreek-e-Insaf's (PTI's) vision and a long standing demand of the business co
Published 12 Nov, 2018 12:00am
The terror wreaked by the 'war on terror'

The terror wreaked by the 'war on terror'

In a distressing reminder of the death and destruction caused by America's so-called war on terror following the 9/11 attacks, a study report released by Brown University's Watson Institute for International and Public Affairs puts the death toll at betwe
Published 12 Nov, 2018 12:00am
Privatisation - merits and demerits

Privatisation - merits and demerits

Privatisation as the only viable option to turn a loss-making entity reliant on heavy bail-out annual packages funded by the taxpayers to a profit-making enterprise has been challenged by economists/researchers the world over as results of privatization h
Published 12 Nov, 2018 12:00am
The rise of the dragon

The rise of the dragon

Dragons do matter - but they matter differently in different cultures. In the West, dragons imply a mythical monster that is considered a fire-breathing reptile symbolizing chaos or evil. Whereas in East Asia, it is usually a beneficent symbol of fertilit
Published 12 Nov, 2018 12:00am
China-backed trade deal centre stage at summit as US retreats

China-backed trade deal centre stage at summit as US retreats

World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda. China, Japan, India and other Asia-Pacific co
Published 12 Nov, 2018 12:00am
Opposition move hamstrung by disunity

Opposition move hamstrung by disunity

Although federal information minister Fawad Chaudhry is not known for showing caution or prudence in relation to his attacks on the Opposition on a daily basis, his remarks about the appointment of chairman of National Assembly's accountability committee
Published 12 Nov, 2018 12:00am
Clashes reach residential streets in Yemen's Hodeida

Clashes reach residential streets in Yemen's Hodeida

Fighting for control of Yemen's rebel-held city of Hodeida reached residential streets on Sunday, as the Huthi insurgents mounted fierce resistance to government forces backed by Saudi Arabia, military sources said. Fears for civilian safety have been ris
Published 12 Nov, 2018 12:00am
NAB arrests two CDA officials, contractor

NAB arrests two CDA officials, contractor

The National Accountability Bureau (NAB) Rawalpindi has arrested two former and serving senior officials of the Capital Development Authority (CDA) as well as a contractor for illegal award of 36 kanals (4.5 acres) of land at a prime location of 3rd Avenu
Published 12 Nov, 2018 12:00am
Indian woman treated for backbone injuries in Lahore

Indian woman treated for backbone injuries in Lahore

An Indian woman of 21 years old Zeenat Khan was treated here in Lahore for her broken back after falling from roof three years ago. According to a private news channel, she was being treated in Uttar Pradesh, but the response was not good. She then came t
Published 12 Nov, 2018 12:00am
Thar's 660 megawatts coal power plant to become operational in January

Thar's 660 megawatts coal power plant to become operational in January

Prime Minister Imran Khan will pay a visit to the first-ever Thar based 660MW Lignite Coal Power plant in January 2019 as the plant will become operational in the same month. Shamsuddin Shaikh, Chief Executive Officer (CEO) Sindh Engro Coal Mining Company
Published 12 Nov, 2018 12:00am
PSCA Kasur releases law & order statistics

PSCA Kasur releases law & order statistics

Punjab Safe Cities Authority has issued Law and Order statistics for its Kasur Project for the month of October. According to data available to Business Recorder, Kasur's Operations Monitoring Center (OMC) secured more than 2,602 observations that warrant
Published 12 Nov, 2018 12:00am
Government urged to fulfil promises made with people of Fata

Government urged to fulfil promises made with people of Fata

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao has called upon the federal government to honor the pledges made with the tribal people when the former Federally Administered Tribal Areas (Fata) were being merged into Khyber Pakhtunkhwa.
Published 12 Nov, 2018 12:00am
18,000 kilogrammes refrigerant substance seized

18,000 kilogrammes refrigerant substance seized

Pakistani customs officers have made the largest seizure of R-22 (also known as HCFC-22) refrigerant, a powerful ozone-depleting substance and greenhouse gas. It is learnt that in the largest seizure of its kind for Pakistan, customs authorities confiscat
Published 12 Nov, 2018 12:00am
Namoos-e-Risalat: MMA to hold 'Million March' in Lahore on November 15

Namoos-e-Risalat: MMA to hold 'Million March' in Lahore on November 15

The Muttahida Majlis e Amal (MMA) will hold a Million March in connection with the Namoos e Risalat, in the Punjab capital on November 15, in continuation of the Karachi Million march. The Million March will be preceded by an all Parties Namoos e Risalat
Published 12 Nov, 2018 12:00am
Private credit: economy witnesses Rs 775.5 billion surge in 2018

Private credit: economy witnesses Rs 775.5 billion surge in 2018

The economy witnessed a healthy increase in private credit of Rs 775.5 billion in fiscal year 2018 as opposed to Rs 747.9 billion in the previous year which is lower compared to regional countries. This was noted in the State Bank of Pakistan's 'Annual Re
Published 12 Nov, 2018 12:00am
'Youth Dialogue-Unpacking gender and age for family planning'

'Youth Dialogue-Unpacking gender and age for family planning'

Pathfinder International, in collaboration with Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST) under the project Naya Qadam, inaugurated its series of four events on Family Planning and Population Issues in October 2018. The sec
Published 12 Nov, 2018 12:00am
HBL signs agreement with CICC

HBL signs agreement with CICC

HBL, the largest bank in Pakistan has entered into an agreement with China International Capital Corporation Limited (CICC), the largest investment bank in China, to provide investment banking services to companies in Pakistan and China. This partnership
Published 12 Nov, 2018 12:00am
Aleem holds Nawaz, Zardari responsible for economic mess

Aleem holds Nawaz, Zardari responsible for economic mess

Senior Minister Punjab Abdul Aleem Khan has said that masses would be justified to ask this question that if Nawaz & Zardari did not looted the national exchequer then who is responsible of the present deteriorating situation of the country and why debt o
Published 12 Nov, 2018 12:00am
PepsiCo organises event titled 'With Purpose'

PepsiCo organises event titled 'With Purpose'

PepsiCo organised an event titled 'With Purpose' on Sunday in which four remarkable youth heroes shared their inspirational stories about social platform for women, social enterprises, creative businesses and success in their business activities.
Published 12 Nov, 2018 12:00am
RDA plans to construct 10 parking towers

RDA plans to construct 10 parking towers

The Rawalpindi Development Authority (RDA) is planning to construct 10 parking towers to address the problem of parking of vehicles in the city's commercial hubs, RDA Chairman Arif Abbasi said on Sunday. Talking to APP, he said the RDA was looking into re
Published 12 Nov, 2018 12:00am
JI chief slams PTI government for price hike

JI chief slams PTI government for price hike

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the PTI had promised jobs to the youth but large number of people had lost their jobs during the last two months due to the closure of different institutions. According to media cell of JI at Ma
Published 12 Nov, 2018 12:00am
Prices of essential items increase sharply
Currency

Prices of essential items increase sharply

A sharp increase in prices of pulses, chicken meat, sugar, vegetable and other daily use food items, was witnessed during this week as compared preceding week in wholesale and retail markets, said in a survey carried out Business Recorder here on S
Published 12 Nov, 2018 12:00am
Saeed Ahmed quits KP-EZDMC Board's directorship

Saeed Ahmed quits KP-EZDMC Board's directorship

The blue-eyed and influential retired bureaucrat Sahibzada Saeed Ahmad has tendered resignation as member Board of Director (BoD) Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC). Sahibzada Saeed Ahmad, a former Secretary Fi
Published 12 Nov, 2018 12:00am
Opposition wants 'Muk Muka' to protect its leadership: Fawad

Opposition wants 'Muk Muka' to protect its leadership: Fawad

Federal Information Minister Fawad Chaudhry has stated that PML-N and PPP want to have Muk Muka (Compromise) that if the government stops investigations against their leaders and forgets recovery of trillions of rupees laundered money abroad they will let
Published 12 Nov, 2018 12:00am
Pakistani culture showcased at Commonwealth Countries Fair

Pakistani culture showcased at Commonwealth Countries Fair

Beautiful Pakistani stalls at the annual fair of Commonwealth Countries League (CCL), turned out to be a great attraction for the visitors at Kensington Town Hall London the other day. The stalls showcased Pakistan's cultural richness and diversity throug
Published 12 Nov, 2018 12:00am
Country's diversified culture to be promoted: Chohan

Country's diversified culture to be promoted: Chohan

Punjab Minister for Information and Culture Fayaz-ul-Hasan Chohan has said that Pakistan's diversified culture would be promoted across the globe. According to spokesman for information department, he stated this while addressing the closing ceremony of A
Published 12 Nov, 2018 12:00am
Triple 'E' vision to strengthen economy, opines FCCI chief

Triple 'E' vision to strengthen economy, opines FCCI chief

Vision of triple "E" is a right step in right direction to strengthen national economy; however, all Standing Committees and other departments of Faisalabad Chamber of Commerce & Industry (FCCI) must pool their energies to achieve the well-defined objecti
Published 12 Nov, 2018 12:00am
Growers seek reforms in Sindh irrigation department

Growers seek reforms in Sindh irrigation department

The growers have demanded reformation in Sindh Irrigation Department assigning duties of the agriculture engineers to assess requirements of timely release of water for Kharif and Rabi crops so that the maximum yield per acre could be achieved along with
Published 12 Nov, 2018 12:00am
H&NCCT plan to begin in Thar, Umerkot soon: SPU

H&NCCT plan to begin in Thar, Umerkot soon: SPU

Program Coordinator Social Protection Unit (SPU), Social Welfare Department Muhammad Issa Memon said that under the World Bank supported Accelerated Action Plan (AAP), the Health and Nutrition Conditional Cash Transfer (H&NCCT) intervention would be start
Published 12 Nov, 2018 12:00am
Pre-entry test for bachelor programme held at SU

Pre-entry test for bachelor programme held at SU

The Pre-Entry Test of Morning and Evening Bachelor Degree Programs 2019 for admission to various disciplines at Faculty of Arts and suburban buildings. In parallel, another sizeable number of candidates took their test at the Varsity's respective addition
Published 12 Nov, 2018 12:00am
Palestinian refugees: Pakistan boosts its contribution to UN agency

Palestinian refugees: Pakistan boosts its contribution to UN agency

Pakistan has made an enhanced contribution to the cash-strapped UNRWA, the UN agency entrusted to assist the Palestinian refugees, that drew "heart-felt appreciation" from its chief, Pierre Krahenbuhl. Ambassador Maleeha Lodhi, Pakistan's permanent repres
Published 12 Nov, 2018 12:00am
Firing incidents claim three lives in Panjgur

Firing incidents claim three lives in Panjgur

At least three people including a child were killed in separate incidents of firing here on Sunday, police said. Unidentified armed men riding a vehicle sprayed bullets at Muhammad Alam S/o Sher Muhammad sitting outside his residence in Chitkan area of Pa
Published 12 Nov, 2018 12:00am
Food poisoning: eatery, playland sealed in DHA after death of two minors

Food poisoning: eatery, playland sealed in DHA after death of two minors

Two minor brothers, a one-and-a-half-year-old and a five-year-old, died on Sunday afternoon while receiving treatment for food poisoning after which the authorities sealed a restaurant and a playland in the metropolis, read a statement issued by Karachi P
Published 12 Nov, 2018 12:00am
NA speaker stresses need for resolving issue of low gas pressure

NA speaker stresses need for resolving issue of low gas pressure

Speaker National Assembly Asad Qaiser has said that during winter season, there is a need to take steps to overcome low pressure of Sui gas in Peshawar and its surrounding areas on emergency basis. The Speaker further said that the provisions of basic fac
Published 12 Nov, 2018 12:00am
Rohrabacher, quirky US congressman fond of Putin, loses seat

Rohrabacher, quirky US congressman fond of Putin, loses seat

Representative Dana Rohrabacher, whose quixotic foreign policy campaigns made him persona non grata in Pakistan and Afghanistan and who became a rare US defender of Vladimir Putin, has lost his seat after 30 years. The 71-year-old Republican, whose exploi
Published 12 Nov, 2018 12:00am
North and South Korea begin destroying border guard posts

North and South Korea begin destroying border guard posts

The two Koreas began destroying 20 guard posts along their heavily-fortified frontier Sunday under a plan to reduce tensions on the border. Under an agreement made between their generals in late October, North and South Korea agreed to each remove 10 post
Published 12 Nov, 2018 12:00am
German president joins Armistice ceremony in London

German president joins Armistice ceremony in London

President Frank-Walter Steinmeier became the first German leader to take part in Britain's national service of remembrance on Sunday, 100 years since the end of World War I. He laid a wreath at the Cenotaph war memorial in central London alongside British
Published 12 Nov, 2018 12:00am
At least 10 stowaways dead as DR Congo train derails

At least 10 stowaways dead as DR Congo train derails

At least 10 stowaways were killed and 24 were injured when a freight train derailed in the eastern Democratic Republic of Congo, a local official said Sunday. Rehema Omari, stationmaster in the town of Samba near where the accident occurred on Friday, sai
Published 12 Nov, 2018 12:00am
Trump-style nationalism comes under fire at WWI commemorations in Paris

Trump-style nationalism comes under fire at WWI commemorations in Paris

World leaders gathered in Paris on Sunday to mark 100 years since the end of World War I, with French President Emmanuel Macron, German Chancellor Angela Merkel and UN chief Antonio Guterres each warning that rising nationalism again poses a threat to pea
Published 12 Nov, 2018 12:00am
Palestinians mark anniversary of Arafat's death

Palestinians mark anniversary of Arafat's death

Palestinians on Sunday marked 14 years since the death of iconic leader Yasser Arafat, with their campaign for statehood still deadlocked and beset by internal divisions. Arafat, who for decades embodied the struggle for independence, died aged 75 in a Fr
Published 12 Nov, 2018 12:00am
Woman charged over Australia strawberry needle scare

Woman charged over Australia strawberry needle scare

A woman has been charged after a "complex" investigation into an Australian strawberry scare where needles were found stuck into the fruit, police said Sunday, in a crisis that sparked nationwide panic. Queensland state authorities offered a large reward
Published 12 Nov, 2018 12:00am
Thousands join Ethiopia-Eritrea peace run

Thousands join Ethiopia-Eritrea peace run

Thousands of Ethiopians and Eritreans took part in a 10-kilometre reconciliation run Sunday in Addis Ababa in the first joint sporting event since the former bitter foes launched a rapid diplomatic thaw in July. The peace run through the Ethiopian capital
Published 12 Nov, 2018 12:00am
Rain washes away Pakistan's chance of series win over New Zealand

Rain washes away Pakistan's chance of series win over New Zealand

Persistent rain forced the third and final one-day international between Pakistan and New Zealand to be abandoned Sunday, extending the Asian side's seven-year wait for a series win over the Black Caps. New Zealand, set a daunting 280-run target against a
Published 12 Nov, 2018 12:00am
Barcelona beaten by Betis

Barcelona beaten by Betis

Barcelona lost at home in La Liga for the first time in more than two years as Real Betis pulled off a stunning 4-3 victory at the Camp Nou on Sunday, despite Lionel Messi scoring twice on his return from injury. Barca last endured defeat on their own pat
Published 12 Nov, 2018 12:00am
India sweep T20 series

India sweep T20 series

Opener Shikhar Dhawan smashed 92 as India completed a six-wicket Twenty20 international win on the last ball against West Indies on Sunday to sweep the three-match series. Dhawan put on a crucial 130-run third wicket stand with Rishabh Pant, who hit 58, t
Published 12 Nov, 2018 12:00am
Mominul, Mushfiqur put Bangladesh in command

Mominul, Mushfiqur put Bangladesh in command

Mominul Haque and Mushfiqur Rahim shared a record partnership with centuries apiece to put Bangladesh in a strong position in the second Test against Zimbabwe in Dhaka on Sunday. Mominul made 161 while Mushfiqur added an unbeaten 111 as Bangladesh reached
Published 12 Nov, 2018 12:00am
Sri Lanka's Dananjaya reported for suspicious action

Sri Lanka's Dananjaya reported for suspicious action

Sri Lanka off-spinner Akila Dananjaya was reported over a suspect bowling action during the first Test which England won by 211 runs, the International Cricket Council said Sunday. "Dananjaya's bowling action will now be scrutinised further under the ICC
Published 12 Nov, 2018 12:00am
Miller, du Plessis plunder tons as South Africa beat Australia

Miller, du Plessis plunder tons as South Africa beat Australia

David Miller and Faf du Plessis plundered big-hitting centuries in a batting masterclass as South Africa beat Australia by 40 runs to win their one-day series and inflict another defeat on Justin Langer's misfiring side. The pair shared in a 252-run stand
Published 12 Nov, 2018 12:00am
Manchester City outclass Manchester United in derby

Manchester City outclass Manchester United in derby

Manchester City opened up a 12-point gap on Manchester United just 12 games into the Premier League season and returned to the top of the table with a convincing 3-1 win in Sunday's derby at the Etihad. Early goals in each half from David Silva and Sergio
Published 12 Nov, 2018 12:00am
Liverpool go top as Chelsea held by Everton

Liverpool go top as Chelsea held by Everton

Liverpool took advantage of Manchester City's later kick-off against Manchester United on Sunday by beating Fulham 2-0 to move top of the Premier League, while Chelsea stumbled in a 0-0 draw with Everton. Both Liverpool and Chelsea remain unbeaten in the
Published 12 Nov, 2018 12:00am
Wall Street week ahead: investors focus on retailers as wages rise

Wall Street week ahead: investors focus on retailers as wages rise

US companies are warning about rising wages eating into profit margins, increasing investor worries that next year's expected drop in profit growth may be sharper than feared. Amidst overall strong quarterly results, climbing labour costs are a growing co
Published 12 Nov, 2018 12:00am
Indonesia FX reserves rise by $400 million
Currency

Indonesia FX reserves rise by $400 million

Indonesia's foreign exchange reserves rose by around $400 million in October to $115.2 billion, the first increase since January as the central bank eased off on its defence of the fragile rupiah currency. Bank Indonesia (BI) said on Wednesday the level o
Published 12 Nov, 2018 12:00am
South Africa's rand to steady from sell-off
Currency

South Africa's rand to steady from sell-off

South Africa's rand is expected to tread a resilient and steady path over the next year in the face of global uncertainties and local budget and economic growth challenges, a Reuters poll of foreign exchange strategists found on Thursday.
Published 12 Nov, 2018 12:00am
China funds trim equity exposure

China funds trim equity exposure

Chinese fund managers trimmed their suggested equity exposure for the next three months, as they remained cautious amid uncertainties about trade tensions and domestic factors, and despite policymakers' pledges to support the market. Fund managers have lo
Published 12 Nov, 2018 12:00am
China funds trim equity exposure

China funds trim equity exposure

Chinese fund managers trimmed their suggested equity exposure for the next three months, as they remained cautious amid uncertainties about trade tensions and domestic factors, and despite policymakers' pledges to support the market. Fund managers have lo
Published 12 Nov, 2018 12:00am
China's money rates ease

China's money rates ease

China's primary money rates fell over the week as there was little sign of liquidity stress so early in the month, despite the central bank continuing to refrain from injecting fresh funds into the interbank market. Traders said liquidity remained ample i
Published 12 Nov, 2018 12:00am
Saudi stocks hit over two-week low

Saudi stocks hit over two-week low

Saudi stocks slumped to their weakest level in more than two weeks on Sunday, hurt by the latest slump in oil prices, which also dragged most Gulf markets lower. Saudi Arabia's index shed 0.4 percent to close at 7,711 points, its lowest close since Octobe
Published 12 Nov, 2018 12:00am
Emerging market stocks buying surges to highest since February

Emerging market stocks buying surges to highest since February

Emerging market stocks buying surged to its highest since February in the wake of this week's US midterm elections, Bank of America Merrill Lynch said on Friday, adding that global markets had now bounced out of "extremely oversold" territory. BAML's week
Published 12 Nov, 2018 12:00am
Emerging market stocks buying surges to highest since February

Emerging market stocks buying surges to highest since February

Emerging market stocks buying surged to its highest since February in the wake of this week's US midterm elections, Bank of America Merrill Lynch said on Friday, adding that global markets had now bounced out of "extremely oversold" territory. BAML's week
Published 12 Nov, 2018 12:00am
FX volumes rise 5.8 percent year-on-year
Currency

FX volumes rise 5.8 percent year-on-year

Daily currency trading volumes rose 5.8 percent in October versus the same month last year, totalling $1.71 trillion, CLS data showed on Thursday, as volatility in foreign exchange markets picked up. CLS, a major settler of trades in the foreign exchange
Published 12 Nov, 2018 12:00am
Firepower for US stocks may lose spark as Democrats gain clout

Firepower for US stocks may lose spark as Democrats gain clout

The US stock market may be facing the remainder of Donald Trump's presidential term with the prospect of less juice to supercharge it. Stock returns have been fueled the past year by Trump's corporate tax cuts, which have pumped up profits. Yet, any hope
Published 12 Nov, 2018 12:00am
Alibaba Singles' Day tops $30bn but growth rate plunges

Alibaba Singles' Day tops $30bn but growth rate plunges

Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its slowest-ever rate. Shoppers in Chi
Published 12 Nov, 2018 12:00am
Apple finds quality problems in some iPhone X and MacBook models

Apple finds quality problems in some iPhone X and MacBook models

Apple Inc said on Friday it had found some issues affecting some of its iPhone X and 13-inch MacBook pro products and said the company would fix them free of charge. The repair offers are the latest in a string of product quality problems over the past ye
Published 12 Nov, 2018 12:00am
Clashes as thousands protest petrol price hikes in Bulgaria

Clashes as thousands protest petrol price hikes in Bulgaria

Thousands of Bulgarians demonstrated across the country on Sunday against high fuel prices, blocking traffic in around 20 cities and on key hhighways to Greece and Turkey Protesters clashed with police in Burgas, where traffic was backed up around 10 kilo
Published 12 Nov, 2018 12:00am
Despite restrictions, digital spending hits record in US midterms

Despite restrictions, digital spending hits record in US midterms

Even as online platforms tightened rules for political ads, digital spending set new records in the 2018 US midterm elections and appears poised for further growth in 2020. Digital media campaign spending rose 2,400 percent from the 2014 midterms to $1.8
Published 12 Nov, 2018 12:00am
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