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Print - 2018-11-18
CIA says Saudi Crown Prince behind Khashoggi murder

CIA says Saudi Crown Prince behind Khashoggi murder

The US Central Intelligence Agency has concluded Saudi Arabia's powerful Crown Prince Mohammed bin Salman was behind the killing of journalist Jamal Khashoggi, US media reported Friday, citing people close to the matter. The US assessment directly contrad
Published 18 Nov, 2018 12:00am
IMF mission told how government plans to restructure SOEs

IMF mission told how government plans to restructure SOEs

The government's economic team has briefed the International Monetary Fund (IMF) mission on the proposed 'Wealth Fund and Holding Company' for restructuring of state-owned enterprises (SOEs). Sources in the finance ministry said that the IMF mission was i
Published 18 Nov, 2018 12:00am
IMF mission told how government plans to restructure SOEs

IMF mission told how government plans to restructure SOEs

The government's economic team has briefed the International Monetary Fund (IMF) mission on the proposed 'Wealth Fund and Holding Company' for restructuring of state-owned enterprises (SOEs). Sources in the finance ministry said that the IMF mission was i
Published 18 Nov, 2018 12:00am
IMF mission told how government plans to restructure SOEs

IMF mission told how government plans to restructure SOEs

The government''s economic team has briefed the International Monetary Fund (IMF) mission on the proposed ''Wealth Fund and Holding Company'' for restructuring of state-owned enterprises (SOEs). Sources in the finance ministry said that the IMF mission wa
Published 18 Nov, 2018 12:00am
PM to leave for UAE today

PM to leave for UAE today

Prime Minister Imran Khan will undertake a day-long visit to the United Arab Emirates (UAE) today where he will hold meetings with UAE Vice President and Prime Minister Sheikh Mohammad bin Rashid Al Maktoum among others. The Foreign Office said on Saturda
Published 18 Nov, 2018 12:00am
PM to leave for UAE today

PM to leave for UAE today

Prime Minister Imran Khan will undertake a day-long visit to the United Arab Emirates (UAE) today where he will hold meetings with UAE Vice President and Prime Minister Sheikh Mohammad bin Rashid Al Maktoum among others. The Foreign Office said on Saturda
Published 18 Nov, 2018 12:00am
Balochistan got Rs 1500 billion during last 10 years: Fawad

Balochistan got Rs 1500 billion during last 10 years: Fawad

Federal Minister for Information and Broadcasting Fawad Chaudhry has said Rs 1500 billion were transferred to Balochistan during last ten years from the federal kitty. Quoting the Minister of State for Revenue Hammad Azhar in his tweet today, the minister
Published 18 Nov, 2018 12:00am
Prices of essential items witness upward trend

Prices of essential items witness upward trend

The prices of entire range of essential kitchen items remained on the high side during this week as compared to the preceding week, a survey conducted by Business Recorder revealed here on Saturday. The wholesalers and traders in the markets of twi
Published 18 Nov, 2018 12:00am
Swati's misconduct, assets: JIT completes probe

Swati's misconduct, assets: JIT completes probe

A joint investigation team (JIT) formed by the Supreme Court to probe Federal Minister Azam Swati's misconduct and assets has completed its investigation. According to sources, the JIT completed its probe and prepared a report which has been signed by all
Published 18 Nov, 2018 12:00am
ANP holds demo to slam SP Tahir's murder

ANP holds demo to slam SP Tahir's murder

Workers of Awami National Party (ANP) Mardan chapter on Saturday staged a protest rally against the murder of Khyber Pakhtunkhwa Police Officer (SP)Tahir Dawar and demanded immediate arrest of the killers. The rally was started from party office and conve
Published 18 Nov, 2018 12:00am
Ex-DIG shot dead in Quetta

Ex-DIG shot dead in Quetta

Unidentified armed men gunned down former Deputy Inspector General (DIG) Crime Branch Quetta here on late Saturday evening. Police said that unknown gunmen sprayed bullets at former DIG Crime Branch Naeem Kakar near Pishin Stop in Quetta. The ex-official
Published 18 Nov, 2018 12:00am
Three dead as roof of mosque collapses

Three dead as roof of mosque collapses

At least three people died and 12 others were injured when roof of a mosque caved in here on Saturday, rescue sources said. The dilapidated roof of a mosque located in Sillanwali area of district Sargodha came down when the people had gathering for Maghri
Published 18 Nov, 2018 12:00am
35 Pakistani politicians own properties in UAE, FIA tells SC

35 Pakistani politicians own properties in UAE, FIA tells SC

As many as 895 Pakistani nationals own properties in the United Arab Emirates (UAE) out of them 35 are politicians, the Federal Investigation Agency (FIA) informed the Supreme Court on Saturday. The FIA submitted a report to the apex court, stating that o
Published 18 Nov, 2018 12:00am
SC dissolves Punjab Healthcare Commission's board

SC dissolves Punjab Healthcare Commission's board

The Supreme Court on Saturday dissolved the board of Punjab Healthcare and ordered constitution of the new board comprising 'competent people' with immediate effect. The top court bench, during the hearing at SC's Lahore Registry, had summoned Punjab Heal
Published 18 Nov, 2018 12:00am
I have taken many U-turns in my life: President

I have taken many U-turns in my life: President

Prime Minister Imran Khan's statement on 'U-turns' has opened a new debate as divergent views are being expressed by people hailing from different walks of life. Those who are in favour of the PTI are supporting PM Imran's statement while its opponents ar
Published 18 Nov, 2018 12:00am
I have taken many U-turns in my life: President

I have taken many U-turns in my life: President

Prime Minister Imran Khan's statement on 'U-turns' has opened a new debate as divergent views are being expressed by people hailing from different walks of life. Those who are in favour of the PTI are supporting PM Imran's statement while its opponents ar
Published 18 Nov, 2018 12:00am
Powerful Kuwaiti IOC member to be tried in Switzerland for forgery

Powerful Kuwaiti IOC member to be tried in Switzerland for forgery

Sheikh Ahmad al-Fahad al-Sabah, a former Kuwaiti minister and one of the most powerful officials in international sports, has been charged in Switzerland with forgery, according to a corroborated media report Saturday. Le Temps newspaper said Sheikh Ahmad
Published 18 Nov, 2018 12:00am
Powerful Kuwaiti IOC member to be tried in Switzerland for forgery

Powerful Kuwaiti IOC member to be tried in Switzerland for forgery

Sheikh Ahmad al-Fahad al-Sabah, a former Kuwaiti minister and one of the most powerful officials in international sports, has been charged in Switzerland with forgery, according to a corroborated media report Saturday. Le Temps newspaper said Sheikh Ahmad
Published 18 Nov, 2018 12:00am
Anwar Majeed, Hussain Lawai: SC orders investigation in Islamabad

Anwar Majeed, Hussain Lawai: SC orders investigation in Islamabad

The Supreme Court (SC) on Saturday ordered to transfer Omni Group chairperson Anwar Majeed, his son Abdul Ghani and former chairman Pakistan Stock Exchange and vice chairman Summit Bank Hussain Lawai to Islamabad for the purpose of investigation. The Chie
Published 18 Nov, 2018 12:00am
Anwar Majeed, Hussain Lawai: SC orders investigation in Islamabad

Anwar Majeed, Hussain Lawai: SC orders investigation in Islamabad

The Supreme Court (SC) on Saturday ordered to transfer Omni Group chairperson Anwar Majeed, his son Abdul Ghani and former chairman Pakistan Stock Exchange and vice chairman Summit Bank Hussain Lawai to Islamabad for the purpose of investigation. The Chie
Published 18 Nov, 2018 12:00am
Trump to visit as more than 1,000 missing in California fire

Trump to visit as more than 1,000 missing in California fire

President Donald Trump was heading Saturday to California to meet with officials, victims and the "unbelievably brave" firefighters there, as more than 1,000 people are listed as missing in the worst-ever wildfire to hit the US state. "It seems many more
Published 18 Nov, 2018 12:00am
Trump to visit as more than 1,000 missing in California fire

Trump to visit as more than 1,000 missing in California fire

President Donald Trump was heading Saturday to California to meet with officials, victims and the "unbelievably brave" firefighters there, as more than 1,000 people are listed as missing in the worst-ever wildfire to hit the US state. "It seems many more
Published 18 Nov, 2018 12:00am
Saudi women mount 'inside-out' abaya protest

Saudi women mount 'inside-out' abaya protest

Saudi women have mounted a rare protest against the abaya, posting pictures on social media wearing the obligatory body-shrouding robe inside out. The conservative petro-state has some of the world's toughest restrictions on women, who are required to wea
Published 18 Nov, 2018 12:00am
Saudi women mount 'inside-out' abaya protest

Saudi women mount 'inside-out' abaya protest

Saudi women have mounted a rare protest against the abaya, posting pictures on social media wearing the obligatory body-shrouding robe inside out. The conservative petro-state has some of the world's toughest restrictions on women, who are required to wea
Published 18 Nov, 2018 12:00am
Woman's death casts shadow over France's 'yellow vest' protests

Woman's death casts shadow over France's 'yellow vest' protests

A protester was accidentally killed on Saturday as tens of thousands of people blocked roads across France in a "yellow vest" movement against high fuel prices, which has channelled widespread anger over stagnant spending power under President Emmanuel Ma
Published 18 Nov, 2018 12:00am
Woman's death casts shadow over France's 'yellow vest' protests

Woman's death casts shadow over France's 'yellow vest' protests

A protester was accidentally killed on Saturday as tens of thousands of people blocked roads across France in a "yellow vest" movement against high fuel prices, which has channelled widespread anger over stagnant spending power under President Emmanuel Ma
Published 18 Nov, 2018 12:00am
ADB takes a dim view of Pakistan's performance

ADB takes a dim view of Pakistan's performance

Pakistan has the largest number of less than successful projects (7 out of 12), supported by the Asian Development Bank (ADB) in the fields of agriculture, natural resources, and rural development. The ADB in its latest report, "Sector-wide, Evaluation AD
Published 18 Nov, 2018 12:00am
ADB takes a dim view of Pakistan's performance

ADB takes a dim view of Pakistan's performance

Pakistan has the largest number of less than successful projects (7 out of 12), supported by the Asian Development Bank (ADB) in the fields of agriculture, natural resources, and rural development. The ADB in its latest report, "Sector-wide, Evaluation AD
Published 18 Nov, 2018 12:00am
ADB takes a dim view of Pakistan''s performance

ADB takes a dim view of Pakistan''s performance

Pakistan has the largest number of less than successful projects (7 out of 12), supported by the Asian Development Bank (ADB) in the fields of agriculture, natural resources, and rural development. The ADB in its latest report, "Sector-wide, Evaluation AD
Published 18 Nov, 2018 12:00am
Russian mediation in Afghanistan

Russian mediation in Afghanistan

The first meeting of the Moscow Format, a platform created by Russia in 2016 whose membership has grown to 11 countries, saw a galaxy of country delegations, observers, the Taliban and Afghanistan's High Peace Council coming together to exchange views and
Published 18 Nov, 2018 12:00am
Retrieving Empress Market

Retrieving Empress Market

A pleasant news on the countrywide anti-encroachment front is redeeming the glory of the Empress Market, Karachi, by removing over one thousand shops encroaching upon its original master plan. The joint operation was launched on the directives of the Supr
Published 18 Nov, 2018 12:00am
The power of solar

The power of solar

The world is adding solar power as fast as it can. The installed solar PV capacity in Germany is around 45,000MW and even though India started late, it has around 25,000MW of installed solar capacity; Pakistan only has 388MW! Even though solar irradiation
Published 18 Nov, 2018 12:00am
Saudis push to end Khashoggi crisis but threats linger

Saudis push to end Khashoggi crisis but threats linger

Saudi Arabia has sought to draw a line under one of its biggest crises triggered by critic Jamal Khashoggi's murder, but an ever greater threat of international scrutiny and pressure hangs over the kingdom. Riyadh on Thursday exonerated powerful Crown Pri
Published 18 Nov, 2018 12:00am
Lives at risk as drug prices soar in crisis-hit Zimbabwe
Currency

Lives at risk as drug prices soar in crisis-hit Zimbabwe

Since starting treatment five years ago, 50-year-old Alice Chenyika kept her blood pressure under control by adhering to doctors' strict instructions to take two daily doses of nifedipine. Now Zimbabwe's worsening economic crisis has pushed prices up, and
Published 18 Nov, 2018 12:00am
IMF and power sector

IMF and power sector

This is apropos a Business Recorder news item "IMF satisfied with current TDS level" carried by the newspaper yesterday. The report says the "International Monetary Fund (IMF) has expressed satisfaction at the current level of inter-Discos Tariff D
Published 18 Nov, 2018 12:00am
Carjacking, robberies on the rise in capital

Carjacking, robberies on the rise in capital

The incidents of robbery and snatching at gunpoint registered a significant increase in the federal capital during the last week. According to the data gathered by Business Recorder here on Saturday, auto thieves stole 12 vehicles including bikes f
Published 18 Nov, 2018 12:00am
2,500 shops demolished in Saddar area: KMC report

2,500 shops demolished in Saddar area: KMC report

The Karachi Metropolitan Corporation (KMC) on Saturday sent a report regarding the anti-encroachment operation in the metropolis' Saddar area to the commissioner and stated that 2,500 shops have been razed. In keeping with the Supreme Court's directives,
Published 18 Nov, 2018 12:00am
Cold weather to persist in northern areas

Cold weather to persist in northern areas

Temperature slumped to minus 8 degrees Celsius in the last 24 hours in Skardu, as the Met Office on Saturday forecast a very cold weather for Gilgit-Baltistan, Malakand Division and North Balochistan. With cold weather gripping mainly the northern and mou
Published 18 Nov, 2018 12:00am
MDA unlawfully transferred land to Bahria Town: NAB report

MDA unlawfully transferred land to Bahria Town: NAB report

The officers of Revenue Department Malir and Malir Development Authority (MDA) transferred thousands of acres of government land to Bahria Town (Pvt) Ltd against rules and in violation of the Supreme Court's restraining order dated 28-12-2012, says NAB re
Published 18 Nov, 2018 12:00am
CPEC can help preserve Gwadar fishing stock: study

CPEC can help preserve Gwadar fishing stock: study

China Pakistan Economic Corridor (CPEC) can help preserve the fishing stock in the coastal belt of Gwadar by shifting fishermen to industrial sector through creation of employment opportunities. All around the world, the marine ecosystem is endangered and
Published 18 Nov, 2018 12:00am
Bid to transport heroin to Karachi foiled

Bid to transport heroin to Karachi foiled

Sindh Excise and Taxation (E&T) department on Saturday foiled an attempt to smuggle huge quantity of heroin to Karachi. According to details, the action was taken on a tip-off, which revealed that some unscrupulous elements were planning to transport huge
Published 18 Nov, 2018 12:00am
Prince Karim Aga Khan's diamond jubilee celebrated

Prince Karim Aga Khan's diamond jubilee celebrated

The Aga Khan Education Service Pakistan, on Saturday held a regional conference to celebrate the Diamond Jubilee of the Prince Karim Aga Khan at the Sultan Mahomed Shah Aga Khan School. The conference illustrated the impact of education in Pakistan over t
Published 18 Nov, 2018 12:00am
CCP finds price discrimination between RLNG, gas consumers

CCP finds price discrimination between RLNG, gas consumers

The Competition Commission of Pakistan (CCP) has said that the new consumers having Re-Gasified Liquefied Natural Gas (RLNG) connections will have to pay higher price than the consumers on Sui Southern Gas Company Limited (SSGC) and Sui Northern Gas Pipel
Published 18 Nov, 2018 12:00am
I&I Directorate unearths Rs 300 million sales tax fraud

I&I Directorate unearths Rs 300 million sales tax fraud

The Directorate of Intelligence & Investigation, Inland Revenue, raided an unregistered unit of paper manufacturing on Sheikhupura Road, which was involved in making supplies without paying sales tax since year 2014, causing loss of Rs 300 million to the
Published 18 Nov, 2018 12:00am
Buzdar's concern

Buzdar's concern

Punjab Chief Minister Sardar Usman Buzdar on Saturday took notice of the death of a citizen who died after kite string slit his throat and sought a report from the CCPO Lahore. The Chief Minister said that responsibility will be determined and a strict ac
Published 18 Nov, 2018 12:00am
Country can store mere 10 percent of annual river flows: Wapda chief

Country can store mere 10 percent of annual river flows: Wapda chief

While giving a run-down of the challenges and issues faced by Pakistan in water sector, WAPDA Chairman, Lieutenant General Muzammil Hussain (Retd) apprised a delegation from National Defence University (NDU) that per capita water availability in the count
Published 18 Nov, 2018 12:00am
Country can store mere 10 percent of annual river flows: Wapda chief

Country can store mere 10 percent of annual river flows: Wapda chief

While giving a run-down of the challenges and issues faced by Pakistan in water sector, WAPDA Chairman, Lieutenant General Muzammil Hussain (Retd) apprised a delegation from National Defence University (NDU) that per capita water availability in the count
Published 18 Nov, 2018 12:00am
PM's UAE visit to boost exports: Malik

PM's UAE visit to boost exports: Malik

SAARC Chamber Senior Vice President Iftikhar Ali Malik Saturday expressed the hope that Prime Minister Imran Khan's tour to United Arab Emirates (UAE) will not only help Pakistan to boost its export besides exploring new trade potential but also mutually
Published 18 Nov, 2018 12:00am
Model Town case: Supreme Court issues notices to Sharifs, 137 others

Model Town case: Supreme Court issues notices to Sharifs, 137 others

The Supreme Court issued notices to Nawaz Sharif, Shahbaz Sharif and 137 others nominated in Model Town killing case for November 19. A two-judge bench headed by Chief Justice Mian Saqib Nisar would decide a legal point whether a new JIT could be formed a
Published 18 Nov, 2018 12:00am
Achakzai gears up campaign for FPCCI's top slot

Achakzai gears up campaign for FPCCI's top slot

Engineer Daroo Khan Achakzai, the nominated presidential candidate of United Business Group (UBG) for Federation of Pakistan Chamber of Commerce and Industry (FPCCI) for the term of 2019, has started his election campaign. Daroo Khan Achakzai, who hails f
Published 18 Nov, 2018 12:00am
Dawar family, Waziristan Jirga reject JIT

Dawar family, Waziristan Jirga reject JIT

The family of Shaheed SP Tahir Dawar and Waziristan Qaumi Jirga has rejected the Joint Investigation Team (JIT) for investigation into kidnapping and murder of the police official on Saturday. On Friday, the Islamabad Chief Commissioner constituted a JIT,
Published 18 Nov, 2018 12:00am
Police seek court's permission for exhuming Samiul Haq's body

Police seek court's permission for exhuming Samiul Haq's body

Police on Saturday approached the court seeking permission for exhumation of Jamiat-e-Ulema-e-Islam's (JUI-S) Maulana Samiul Haq's body and post-mortem to complete legal requirements. On the other hand, heirs of Maulana Samiul Haq strictly refused to allo
Published 18 Nov, 2018 12:00am
Man involved in banking fraud arrested

Man involved in banking fraud arrested

The Federal Investigation Agency's (FIA) Faisalabad wing on Saturday arrested a man involved in telephone banking fraud in Jhang. Assistant Director Cyber Crime Wing Shoaib Haroon said, "We conducted an investigation after a complaint from an Abbottabad r
Published 18 Nov, 2018 12:00am
Alvi spends a busy day in Lahore

Alvi spends a busy day in Lahore

President of Pakistan Dr Arif Alvi on Saturday spent busy day in the provincial metropolis on Saturday as he held meetings with different delegations and met the PTI leaders. Alvi met a delegation of the PTI lawyers' wing and discussed matters of mutual i
Published 18 Nov, 2018 12:00am
Students to get 50 percent discount in train fares: Rasheed

Students to get 50 percent discount in train fares: Rasheed

Federal Minister for Railways Sheikh Rasheed Ahmad has announced to grant 50 percent discount to students on fare from December 25th to January 10th during winter vocations in the educational institutions. While addressing a press conference on Saturday a
Published 18 Nov, 2018 12:00am
Knitwear's garments top in textile sector's exports

Knitwear's garments top in textile sector's exports

Knitwear garment exports have maintained its top position with the highest in textile export chain as well as in total national export with an increase of 16 percent in October 2018 as compared to October 2017. Knitwear Garment exports grew over 10 percen
Published 18 Nov, 2018 12:00am
KCA Broker Advisor body's office-bearers
Cotton

KCA Broker Advisor body's office-bearers

Six licensed cotton brokers of Naseem Usman Panel have been duly elected unopposed as members of the Broker Advisory Committee of Karachi Cotton Association for the years 2018-19. Muhammad Naseem Usman, Chairman, Girdhari Lal Assudomal, Vice Chairman; Muh
Published 18 Nov, 2018 12:00am
SC orders immediate revival of KCR

SC orders immediate revival of KCR

The Supreme Court has issued orders to immediately revive the Circular Railway in Karachi and told the authorities to remove encroachments from railway tracks across the city. A meeting chaired by Justice Gulzar Ahmed was held in the SC's Karachi registry
Published 18 Nov, 2018 12:00am
SC orders immediate revival of KCR

SC orders immediate revival of KCR

The Supreme Court has issued orders to immediately revive the Circular Railway in Karachi and told the authorities to remove encroachments from railway tracks across the city. A meeting chaired by Justice Gulzar Ahmed was held in the SC's Karachi registry
Published 18 Nov, 2018 12:00am
Quaidabad blast: case registered against unknown suspects

Quaidabad blast: case registered against unknown suspects

A case was registered against unknown suspects on Saturday in the Counter-Terrorism Department's police station in relation to Friday's explosion in Karachi's Quaidabad area that killed two people and injured 12 others. According to sources, the case was
Published 18 Nov, 2018 12:00am
Talk held on 'Is the Population Bomb Ticking?'

Talk held on 'Is the Population Bomb Ticking?'

Dr Mehtab Karim, Vice Chancellor, Malir University of Science & Technology (MUST) on Saturday gave a talk on "Is the Population Bomb Ticking?" on Saturday in Karachi. The event was organized by Society for Global Moderation (SGM) at CMC.
Published 18 Nov, 2018 12:00am
Finland looks forward to improve trade, investment: envoy

Finland looks forward to improve trade, investment: envoy

"When we look at the future of Karachi, there might be some areas where Finnish technologies, expertise and know-how could be used therefore, there is need to exchange more business delegations between the two countries," said Ambassador of Finland Harri
Published 18 Nov, 2018 12:00am
British PM takes pot-shot at plotters

British PM takes pot-shot at plotters

British Prime Minister Theresa May on Saturday told the plotters planning to overthrow her that their alternative Brexit plans would not resolve all their problems with her draft deal. May is fighting to salvage her proposed Brexit agreement - and her job
Published 18 Nov, 2018 12:00am
China, US troops hold joint relief drills

China, US troops hold joint relief drills

Soldiers from China and the United States wrapped up a week of joint disaster relief drills on Saturday, in a display of cooperation against a backdrop of worsening ties between the two countries over trade, the disputed South China Sea and self-ruled Tai
Published 18 Nov, 2018 12:00am
Anti-IS coalition raids kill 43 in east Syria

Anti-IS coalition raids kill 43 in east Syria

US-led coalition air strikes Saturday killed 43 people, mostly civilians, in an Islamic State group holdout in eastern Syria in the latest deadly raids reported there this month, a monitor said. Elsewhere, regime forces retook the last IS foothold in the
Published 18 Nov, 2018 12:00am
Cygnus cargo ship launches to ISS

Cygnus cargo ship launches to ISS

An unmanned Cygnus cargo ship blasted off Saturday toward the International Space Station, marking the second supply mission in 24 hours destined to carry food and supplies to the astronauts living in space. An Antares rocket operated by Northrop Grumman
Published 18 Nov, 2018 12:00am
Climate change protests block London bridges

Climate change protests block London bridges

Hundreds of climate change protesters blocked London bridges on Saturday demanding a dramatic new environmental policy. Sit-down demonstrators blocked five bridges over the River Thames in the city centre, including Westminster Bridge next to the Houses o
Published 18 Nov, 2018 12:00am
Solih sworn in as Maldives president

Solih sworn in as Maldives president

Ibrahim Mohamed Solih was inaugurated Saturday as the new president of the Maldives after the opposition united to dislodge pro-China strongman leader Abdulla Yameen in September elections. Solih, 54, emerged as common opposition candidate as all key diss
Published 18 Nov, 2018 12:00am
Devotees throng Indian flashpoint temple, but no women

Devotees throng Indian flashpoint temple, but no women

Tens of thousands of pilgrims thronged one of Hinduism's holiest temples in southern India on Saturday as it reopened amid high security, but women aged between 10 and 50 were absent despite a court order allowing them to enter. Hindu activists meanwhile
Published 18 Nov, 2018 12:00am
Rouhani sees Iran, Iraq expanding trade despite US sanctions
Currency

Rouhani sees Iran, Iraq expanding trade despite US sanctions

Iran and Iraq could raise their annual bilateral trade to $20 billion from the current $12 billion, President Hassan Rouhani said on Saturday, despite concerns over the impact of renewed US sanctions. Rouhani's remarks, after a meeting with visiting Iraqi
Published 18 Nov, 2018 12:00am
USDA terminates Chinese-owned Smithfield farm aid contract

USDA terminates Chinese-owned Smithfield farm aid contract

The US Department of Agriculture terminated a $240,000 purchase contract with Chinese-owned Smithfield Foods that had been awarded under the Trump administration's agricultural trade bailout program, a move taken at the company's request, a department spo
Published 18 Nov, 2018 12:00am
Bondholders buy British newspaper publisher Johnston Press

Bondholders buy British newspaper publisher Johnston Press

Financially struggling British newspaper group Johnston Press, publisher of The Scotsman and The Yorkshire Post, has been bought by its bondholders after filing for bankruptcy protection. "The transaction provides the group with a substantially de-levered
Published 18 Nov, 2018 12:00am
Bondholders buy British newspaper publisher Johnston Press

Bondholders buy British newspaper publisher Johnston Press

Financially struggling British newspaper group Johnston Press, publisher of The Scotsman and The Yorkshire Post, has been bought by its bondholders after filing for bankruptcy protection. "The transaction provides the group with a substantially de-levered
Published 18 Nov, 2018 12:00am
Emerging economies see debt rise $1 trillion in second quarter

Emerging economies see debt rise $1 trillion in second quarter

Emerging market debt rose by $1 trillion to more than $71 trillion in the second quarter, with China accounting for more than 80 percent of that increase, the Institute of International Finance (IIF) said in a report on Wednesday. The latest numbers from
Published 18 Nov, 2018 12:00am
Emerging economies see debt rise $1 trillion in second quarter

Emerging economies see debt rise $1 trillion in second quarter

Emerging market debt rose by $1 trillion to more than $71 trillion in the second quarter, with China accounting for more than 80 percent of that increase, the Institute of International Finance (IIF) said in a report on Wednesday. The latest numbers from
Published 18 Nov, 2018 12:00am
US paves way to get 'lab meat' on plates

US paves way to get 'lab meat' on plates

US authorities on Friday agreed on how to regulate food products cultured from animal cells - paving the way to get so-called "lab meat" on American plates.
Published 18 Nov, 2018 12:00am
Fed nods to concerns but still sees US rate hikes

Fed nods to concerns but still sees US rate hikes

Federal Reserve policymakers on Friday signalled further interest rate increases ahead, even as they raised relatively muted concerns over a potential global slowdown that has markets betting heavily that the rate-hike cycle will soon peter out. The widen
Published 18 Nov, 2018 12:00am
Dollar falls broadly, pound bounces
Currency

Dollar falls broadly, pound bounces

The dollar fell broadly on Friday in the wake of cautious comments from two US Federal Reserve officials about global economic growth, while sterling rose following losses tied to fears about a Brexit deal. The greenback fell to one-week lows versus the e
Published 18 Nov, 2018 12:00am
Cheaper oil helps trim bearish bets against Asian currencies
Currency

Cheaper oil helps trim bearish bets against Asian currencies

Bearish bets on most Asian currencies slackened over the last two weeks, a Reuters poll showed, as a plunge in oil prices benefited the region's major crude importers, India and to a lesser extent Indonesia and the Philippines. More short positions were u
Published 18 Nov, 2018 12:00am
Aussie, New Zealand dollars to stick to recent ranges near-term
Currency

Aussie, New Zealand dollars to stick to recent ranges near-term

Foreign exchange analysts broadly stuck to their predictions for the Australian and New Zealand dollars while expecting a small rebound for the badly battered currencies over a 12-month horizon. A Reuters survey of 42 analysts saw median predictions for t
Published 18 Nov, 2018 12:00am
Speculators cut net long dollar bets
Currency

Speculators cut net long dollar bets

Speculators trimmed net long bets on the US dollar in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position totaled $27.11 billion in the week ende
Published 18 Nov, 2018 12:00am
Canadian dollar notches one-week high
Currency

Canadian dollar notches one-week high

The Canadian dollar strengthened to its highest in more than one week against its US counterpart on Friday, extending this week's gain as the greenback broadly fell and domestic data showed that factory sales edged higher in September. At 4:42 pm (2142 GM
Published 18 Nov, 2018 12:00am
S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq
Currency

S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq

The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq. All three indexes had been lower in earl
Published 18 Nov, 2018 12:00am
S&P 500 buybacks set another quarterly record

S&P 500 buybacks set another quarterly record

S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis. Even with more earnings reports to come for the
Published 18 Nov, 2018 12:00am
Cheap stocks back in vogue, even if laced with 'value traps'

Cheap stocks back in vogue, even if laced with 'value traps'

With world equity markets set to call time on one of the longest bull markets in history, so-called 'value stocks' - wallflowers during the technology-led boom years - are suddenly back in fashion. European value stocks, defined generally as firms whose f
Published 18 Nov, 2018 12:00am
China, Japan's US Treasuries holdings fall further

China, Japan's US Treasuries holdings fall further

China and Japan, the two biggest foreign US creditors, cut their US Treasury holdings further in September, as foreign appetite for Treasuries seemed to be waning due to growing government borrowing in the bond market, Treasury Department data released on
Published 18 Nov, 2018 12:00am
China, Japan's US Treasuries holdings fall further

China, Japan's US Treasuries holdings fall further

China and Japan, the two biggest foreign US creditors, cut their US Treasury holdings further in September, as foreign appetite for Treasuries seemed to be waning due to growing government borrowing in the bond market, Treasury Department data released on
Published 18 Nov, 2018 12:00am
Alibaba-backed Babytree cuts size of Hong Kong IPO

Alibaba-backed Babytree cuts size of Hong Kong IPO

Alibaba-backed online parenting firm Babytree Group launched a Hong Kong IPO of up to $281 million on Wednesday, far below what the Chinese company had hoped to raise, as weak markets force firms to scale back their funding ambitions. Babytree plans to se
Published 18 Nov, 2018 12:00am
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