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Print - 2018-12-10
Pakistan, Japan to discuss possibility of PTA

Pakistan, Japan to discuss possibility of PTA

A Pakistani official delegation headed by Prime Minister's Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood is in Tokyo (Japan) to deliberate on possibility of a Preferential Trade Agreement (PTA), well informed s
Published 10 Dec, 2018 12:00am
Pakistan, Japan to discuss possibility of PTA

Pakistan, Japan to discuss possibility of PTA

A Pakistani official delegation headed by Prime Minister''s Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood is in Tokyo (Japan) to deliberate on possibility of a Preferential Trade Agreement (PTA), well informed
Published 10 Dec, 2018 12:00am
Macron prepares response to protesters as Paris cleans up

Macron prepares response to protesters as Paris cleans up

French President Emmanuel Macron will address the country on Monday as he seeks to placate "yellow vest" anti-government protesters who wreaked havoc in Paris this weekend. On Sunday, workers in Paris and other cities swept up broken glass and towed away
Published 10 Dec, 2018 12:00am
Macron prepares response to protesters as Paris cleans up

Macron prepares response to protesters as Paris cleans up

French President Emmanuel Macron will address the country on Monday as he seeks to placate "yellow vest" anti-government protesters who wreaked havoc in Paris this weekend. On Sunday, workers in Paris and other cities swept up broken glass and towed away
Published 10 Dec, 2018 12:00am
Park Enclave Case: Bilawal summoned by NAB

Park Enclave Case: Bilawal summoned by NAB

The National Accountability Bureau (NAB) has summoned Pakistan Peoples Party Chairman Bilawal Bhutto Zardari for an inquiry into irregularities in Park Enclave Housing Scheme in the federal capital. Bilawal has been summoned as a shareholder of the privat
Published 10 Dec, 2018 12:00am
Park Enclave Case: Bilawal summoned by NAB

Park Enclave Case: Bilawal summoned by NAB

The National Accountability Bureau (NAB) has summoned Pakistan Peoples Party Chairman Bilawal Bhutto Zardari for an inquiry into irregularities in Park Enclave Housing Scheme in the federal capital. Bilawal has been summoned as a shareholder of the privat
Published 10 Dec, 2018 12:00am
Another difficult week
Mutual Funds

Another difficult week

Pakistan Stock Exchange remained under heavy pressure during the outgoing week ended on December 7, 2018 due to selling in various sectors. BRIndex100 lost 204.84 points on week-on-week basis to close at 4,071.41 points level. Average daily volumes stood
Published 10 Dec, 2018 12:00am
Another difficult week
Mutual Funds

Another difficult week

Pakistan Stock Exchange remained under heavy pressure during the outgoing week ended on December 7, 2018 due to selling in various sectors. BRIndex100 lost 204.84 points on week-on-week basis to close at 4,071.41 points level. Average daily volumes stood
Published 10 Dec, 2018 12:00am
Another difficult week
Mutual Funds

Another difficult week

Pakistan Stock Exchange remained under heavy pressure during the outgoing week ended on December 7, 2018 due to selling in various sectors. BRIndex100 lost 204.84 points on week-on-week basis to close at 4,071.41 points level. Average daily volumes stood
Published 10 Dec, 2018 12:00am
Futures spread down by 345 basis points

Futures spread down by 345 basis points

The futures spread declined by 345bps to 9.64 percent on the last day of the outgoing week. Trading activities on the futures counter remained dull as average daily volumes declined by 55.8 percent to 55.77 million shares. Average daily trading value also
Published 10 Dec, 2018 12:00am
Futures spread down by 345 basis points

Futures spread down by 345 basis points

The futures spread declined by 345bps to 9.64 percent on the last day of the outgoing week. Trading activities on the futures counter remained dull as average daily volumes declined by 55.8 percent to 55.77 million shares. Average daily trading value also
Published 10 Dec, 2018 12:00am
Government expecting up to $2 billion inflows

Government expecting up to $2 billion inflows

Pakistan is expecting up to $ 2 billion inflows through likely resolution of government-Etisalat (PTCL privatization) dispute and renewal of cellular licenses in the current fiscal year 2018-19. According to official documents available with Business Reco
Published 10 Dec, 2018 12:00am
Government expecting up to $2 billion inflows

Government expecting up to $2 billion inflows

Pakistan is expecting up to $ 2 billion inflows through likely resolution of government-Etisalat (PTCL privatization) dispute and renewal of cellular licenses in the current fiscal year 2018-19. According to official documents available with Business Reco
Published 10 Dec, 2018 12:00am
Government expecting up to $2 billion inflows

Government expecting up to $2 billion inflows

Pakistan is expecting up to $ 2 billion inflows through likely resolution of government-Etisalat (PTCL privatization) dispute and renewal of cellular licenses in the current fiscal year 2018-19. According to official documents available with Business Reco
Published 10 Dec, 2018 12:00am
Bangladesh party says hundreds of supporters held before polls

Bangladesh party says hundreds of supporters held before polls

Bangladesh's opposition party Sunday said nearly 2,000 of its supporters have been arrested on trumped-up charges in a crackdown aimed at derailing its campaign just weeks from a general election. The Bangladesh Nationalist Party, which is seeking to unse
Published 10 Dec, 2018 12:00am
Iran arrests 10 over suicide attack on police

Iran arrests 10 over suicide attack on police

Iranian police said Sunday that 10 people had been arrested in connection with a suicide attack in Chabahar that killed two police officers. Jihadist separatist group Ansar al-Furqan has claimed responsibility for Thursday's assault in which an explosives
Published 10 Dec, 2018 12:00am
Karachi receives first winter rain

Karachi receives first winter rain

Karachi on Sunday plunged into darkness as the city experienced the first rain of winter season, Aaj News reported. According to the details, the downpour reported in SITE area, Nazimabad, Tariq Road, Clifton, Saddar, Gulshan-e-Iqbal, Guru Mandir and Old
Published 10 Dec, 2018 12:00am
Karachi receives first winter rain

Karachi receives first winter rain

Karachi on Sunday plunged into darkness as the city experienced the first rain of winter season, Aaj News reported. According to the details, the downpour reported in SITE area, Nazimabad, Tariq Road, Clifton, Saddar, Gulshan-e-Iqbal, Guru Mandir and Old
Published 10 Dec, 2018 12:00am
Indian troops martyr three freedom fighters

Indian troops martyr three freedom fighters

Indian troops martyred three freedom fighters in the outskirts of held Kashmir's main city ending nearly 18-hour-long gunbattle, officials said Sunday. Indian paramilitary spokesman Sanjay Sharma said the three freedom fighters were martyred Sunday in the
Published 10 Dec, 2018 12:00am
Indian troops martyr three freedom fighters

Indian troops martyr three freedom fighters

Indian troops martyred three freedom fighters in the outskirts of held Kashmir's main city ending nearly 18-hour-long gunbattle, officials said Sunday. Indian paramilitary spokesman Sanjay Sharma said the three freedom fighters were martyred Sunday in the
Published 10 Dec, 2018 12:00am
Dubai tourism growth stalls in first nine months of 2018

Dubai tourism growth stalls in first nine months of 2018

Growth in the number of foreign visitors to Dubai stalled in the first nine months of year, official data showed on Sunday in a sharp slowdown in tourism in the Gulf emirate. Tourist hub Dubai, which has spent billions of dollars building attractions such
Published 10 Dec, 2018 12:00am
Qatar rift overshadows Gulf Arab summit as emir stays away

Qatar rift overshadows Gulf Arab summit as emir stays away

A Gulf Arab summit called for regional unity as Bahrain and Qatar traded barbs over the Qatari emir's decision not to attend the gathering in Saudi Arabia on Sunday in a sign that a row between Doha and its neighbours is still festering.
Published 10 Dec, 2018 12:00am
Qatar rift overshadows Gulf Arab summit as emir stays away

Qatar rift overshadows Gulf Arab summit as emir stays away

A Gulf Arab summit called for regional unity as Bahrain and Qatar traded barbs over the Qatari emir's decision not to attend the gathering in Saudi Arabia on Sunday in a sign that a row between Doha and its neighbours is still festering.
Published 10 Dec, 2018 12:00am
Yemen warring parties hold first direct meeting of Sweden peace talks

Yemen warring parties hold first direct meeting of Sweden peace talks

Yemen's warring parties held the first direct talks in UN-led peace efforts in Sweden on Sunday to iron out a prisoner swap, one of several confidence-building measures intended to help launch a political process to end nearly four years of conflict.
Published 10 Dec, 2018 12:00am
Maldives applies to rejoin Commonwealth

Maldives applies to rejoin Commonwealth

The Maldives has applied to rejoin the Commonwealth, reversing a policy of isolation under autocratic leader Abdulla Yameen who suffered a shock defeat in September. His successor, Ibrahim Mohamed Solih, wrote to the 53-member bloc on Friday seeking readm
Published 10 Dec, 2018 12:00am
President expresses his resolve to strengthen NAB

President expresses his resolve to strengthen NAB

President Dr Arif Alvi on Sunday expressed the resolve to further strengthen National Accountability Bureau (NAB) to check corruption in the country. Addressing a seminar "Our Faith, Corruption Free Pakistan," here in Islamabad, the president stressed for
Published 10 Dec, 2018 12:00am
President expresses his resolve to strengthen NAB

President expresses his resolve to strengthen NAB

President Dr Arif Alvi on Sunday expressed the resolve to further strengthen National Accountability Bureau (NAB) to check corruption in the country. Addressing a seminar "Our Faith, Corruption Free Pakistan," here in Islamabad, the president stressed for
Published 10 Dec, 2018 12:00am
Belgium lapses into minority government over UN migration pact row

Belgium lapses into minority government over UN migration pact row

Belgium's Prime Minister Charles Michel was left leading a minority administration on Sunday after the Flemish nationalist party quit the ruling coalition over his support of a UN migration pact. The New Flemish Alliance (N-VA), the largest of the coaliti
Published 10 Dec, 2018 12:00am
Belgium lapses into minority government over UN migration pact row

Belgium lapses into minority government over UN migration pact row

Belgium's Prime Minister Charles Michel was left leading a minority administration on Sunday after the Flemish nationalist party quit the ruling coalition over his support of a UN migration pact. The New Flemish Alliance (N-VA), the largest of the coaliti
Published 10 Dec, 2018 12:00am
Reforms in FBR

Reforms in FBR

The PTI administration has taken some much-needed far-reaching reforms in the Federal Board of Revenue (FBR), including the formulation of a new Board, engaging leading data scientists from Harvard, LSE and Oxford to develop algorithms to better analyze d
Published 10 Dec, 2018 12:00am
The unresolved issue of Form-45

The unresolved issue of Form-45

The controversy over the conduct of July 2018 general elections drags on with little sign of abating. Taj Haider, a senior PPP leader and in charge of the party's election cell, issued a seething statement on Friday. Referring to the recent release of an
Published 10 Dec, 2018 12:00am
The IMF challenge

The IMF challenge

There are two opposing economic narratives doing the rounds today: the country must go an International Monetary Fund (IMF) programme given our external requirements of around 30 billion dollars, backed by an overwhelming majority of Economic Advisory Cou
Published 10 Dec, 2018 12:00am
Brexit redux? Lessons for the future from May's deal

Brexit redux? Lessons for the future from May's deal

The story of how Prime Minister Theresa May reached agreement on how Britain can leave the European Union offers lessons for the future of Brexit, whatever happens when parliament votes on the deal on Tuesday. In conversations with nearly a dozen people c
Published 10 Dec, 2018 12:00am
In Mauritius, sugar cane means money, renewable energy

In Mauritius, sugar cane means money, renewable energy

Far out into the Indian Ocean where it is forced to be self-reliant, the island nation of Mauritius is weaning itself off fossil fuels by turning to its main cash-crop sugar cane, for electricity. The leftover, crushed sugar cane stalks and tips - dry fib
Published 10 Dec, 2018 12:00am
Kartarpur Corridor

Kartarpur Corridor

This is apropos a letter of Nasir Husain "Kartarpur Corridor" carried by Business Recorder on December 7. This is a very good move of the government of Pakistan to open Kartarpur Corridor for Sikh pilgrims. This will not only be beneficial for Paki
Published 10 Dec, 2018 12:00am
China-trained engineers to operate Thar's power plant

China-trained engineers to operate Thar's power plant

With an aim to create highly skilled human resource from Thar and other districts of Sindh, a group 73 engineers have returned after completing their six-months training from China to take over operation and maintenance of newly built 660 MW Power plant o
Published 10 Dec, 2018 12:00am
Vulnerable segments: President, PM vow to shun human rights abuses

Vulnerable segments: President, PM vow to shun human rights abuses

President Dr Arif Alvi has said as a member state of the United Nations, Pakistan fully endorses the Charter of the United Nations which strives to promote and encourage respect for human rights and fundamental freedoms without any discrimination of race,
Published 10 Dec, 2018 12:00am
130 more Hindu yatrees arrive

130 more Hindu yatrees arrive

Another group of 130 Hindu yatrees arrived in Lahore via Wagah Border on Sunday to participate in a religious festival ceremony Maha Shiv Pooja and Qadeemi Ishtan at Shree Katas Raj Dham Temple in Chakwal district, from December 9-15, 2018. Earlier a grou
Published 10 Dec, 2018 12:00am
Removal of ATIR chairman: PHC summons NAB official

Removal of ATIR chairman: PHC summons NAB official

Peshawar High Court (PHC) has summoned National Accountability Bureau (NAB) official on December 28, 2018 to appear before the Additional Registrar as a Division Bench of PHC, Abbottabad Bench is hearing a constitutional petition for removal of Chairman A
Published 10 Dec, 2018 12:00am
Rain likely in central, northern parts of country on December 10

Rain likely in central, northern parts of country on December 10

The Meteorological department has said that a westerly wave is affecting western and upper parts and likely to affect central parts of the country. IT said rain-thunderstorm (with snow over the hills) is expected at scattered places in upper Punjab (Rawal
Published 10 Dec, 2018 12:00am
Two foreigners arrested in raid on distillery

Two foreigners arrested in raid on distillery

A team of Shalimar Police has arrested two foreigners during a raid on wine furnace and also recovered huge quantity of wine, a police spokesman said on Sunday. Following special directions of SSP (Operations) Waqar-Ud-Din Syed, crackdown against drug ped
Published 10 Dec, 2018 12:00am
184,210 Pakistanis to perform Hajj in 2019

184,210 Pakistanis to perform Hajj in 2019

Over 184,210 Pakistanis will perform the sacred religious ceremony of Hajj next year following the increase of country's Hajj quota by 5,000 pilgrims as comparing to this year's pilgrimage, said spokesman of the Ministry of Religious Affairs and Interfait
Published 10 Dec, 2018 12:00am
Prices of essential items witness downward trend in Peshawar

Prices of essential items witness downward trend in Peshawar

Prices of important kitchen items such as pulses, chicken meat, vegetable, sugar, have decreased in the retail market, Business Recorder weekly survey revealed, here on Sunday. A visible reduction in price of chicken meat was witnessed in retail ma
Published 10 Dec, 2018 12:00am
PFA seals six pickle making units

PFA seals six pickle making units

Punjab Food Authority (PFA) teams crack downed on substandard pickle and muraba (jam) manufacturing units throughout the province, on Sunday. This was disclosed by DG Punjab Food Authority (PFA) Muhammad Usman here on Sunday. During the operation, the pro
Published 10 Dec, 2018 12:00am
Nippon Paint Pakistan announces winners of AYDA 2018

Nippon Paint Pakistan announces winners of AYDA 2018

Nippon Paint Pakistan announced the Winners of 'Asia Young Designer Award' (AYDA 2018) on 7th December at the finale event held in Royal Palm, Lahore. Launched in 2008, the event has become one of Asia's premier design awards, serving as a platform to ins
Published 10 Dec, 2018 12:00am
Mother & daughter's murder: CJP takes notice of brutal act

Mother & daughter's murder: CJP takes notice of brutal act

Chief Justice of Pakistan Justice Mian Saqib Nisar Sunday taken suo motu notice of alleged murder of mother and daughter in Jahania. The notice was taken on footage viral on social media that women were allegedly murdered by their opponents when they (mot
Published 10 Dec, 2018 12:00am
Government to protect rights of special children: adviser

Government to protect rights of special children: adviser

Adviser to Sindh Chief Minister on Information & Archives, Law, Anti-Corruption & Establishment Barrister Murtaza Wahab while addressing a seminar held to mark 'International Disability Day' said that it is one of the top most priorities of the Sindh gove
Published 10 Dec, 2018 12:00am
Government to allow import of only good quality food: Razzak

Government to allow import of only good quality food: Razzak

A consultative session was convened by Ministry of Commerce in Trade Development Authority of Pakistan (TDAP) Karachi wherein the Adviser to the Prime Minister for Commerce Abdul Razzak Dawood and Federal Secretary Commerce Mohammad Younus Dagha met with
Published 10 Dec, 2018 12:00am
Navy celebrates 'Hangor Day'

Navy celebrates 'Hangor Day'

Pakistan Navy celebrates 9th December as HANGOR Day which is reminiscent of unmatched courage and unwavering commitment of Pakistan Navy's Submarine HANGOR during 1971 war. In order to commemorate 47th HANGOR DAY i.e sinking of Indian Navy Ship KHUKRI by
Published 10 Dec, 2018 12:00am
Online system: KP food watchdog registers 3,000 licences so far

Online system: KP food watchdog registers 3,000 licences so far

Khyber Pakhtunkhwa Food Safety and Halal Food Authority, has so far registered 3,000 food licences through its online system during last one month. In a statement about last one performance report issued here on Sunday stated that the provincial food auth
Published 10 Dec, 2018 12:00am
Social sector delegation visits Sindh University

Social sector delegation visits Sindh University

A high-profile Karachi-based delegation comprising journalists, writers, intellectuals, lawyers, businessmen, medical practitioners, social mobilisers and civil society activists visited University of Sindh. The 45 member contingent was led by noted print
Published 10 Dec, 2018 12:00am
DIHE convocation tomorrow

DIHE convocation tomorrow

Some 500 students belonging to the Faculties of Business Administration, Computer Science, Law & Education, will be conferred their respective degrees at the 11th convocation of the Dadabhoy Institute of Higher Education (DIHE). The ceremony is being held
Published 10 Dec, 2018 12:00am
Steps for getting country cleared from grey list stressed

Steps for getting country cleared from grey list stressed

Senior Vice Chairman Businessmen Panel (BMP), Mian Zahid Hussain and FPCCI Presidential candidate of BMP, Allauddin Marri have said the government should take immediate measures to get Pakistan cleaned from the grey list. The fate of Pakistan regarding bl
Published 10 Dec, 2018 12:00am
Vehicle surveillance system launched in Peshawar

Vehicle surveillance system launched in Peshawar

District administration Peshawar Sunday launched state-of-the-art surveillance vehicle system for efficient monitoring of administrative matters of the district. This surveillance vehicle is equipped with CCTV cameras connected with District Smart Control
Published 10 Dec, 2018 12:00am
Pakistan wants political settlement of Afghan conflict: FM
Currency

Pakistan wants political settlement of Afghan conflict: FM

Foreign Minister Shah Mehmood Qureshi has said that Pakistan wants political settlement of Afghan conflict as military option is not an answer to the problem. Talking to media on Sunday, he said Pakistan is committed to an Afghan-led and Afghan-owned peac
Published 10 Dec, 2018 12:00am
Factory fire reduces goods to ashes

Factory fire reduces goods to ashes

Fire erupted in a factory near Saba Cinema located in North Karachi area on Sunday which reduced large amount of machinery and other goods to ashes. According to a report aired by a private news channel, at least ten fire tenders were arrived at the scene
Published 10 Dec, 2018 12:00am
Three-day anti-polio drive kicks off across KP today

Three-day anti-polio drive kicks off across KP today

As many as 5.88 million children, below age of five years, will be vaccinated drops during the three-day anti-polio campaign, which will be kicked off across Khyber Pakhtunkhwa on Monday (today). Officials of the provincial health department here on Sunda
Published 10 Dec, 2018 12:00am
Punjab's resources available for Balochistan's development, says Buzdar

Punjab's resources available for Balochistan's development, says Buzdar

Chief Minister Punjab Sardar Usman Buzdar has said that resources of Punjab are available for development of Balochistan and PTI government will provide every facility to the Baloch youth for education and skills learning. He was talking to a delegation o
Published 10 Dec, 2018 12:00am
Saudi Arabia rejects extraditions to Turkey over Khashoggi murder

Saudi Arabia rejects extraditions to Turkey over Khashoggi murder

Saudi Arabia's foreign minister on Sunday rejected demands to extradite suspects connected to the murder of journalist Jamal Khashoggi as sought by Turkish President Recep Tayyip Erdogan. "We do not extradite our citizens," Adel al-Jubeir told a news conf
Published 10 Dec, 2018 12:00am
US winter storm knocks out power to 190,000 in North Carolina

US winter storm knocks out power to 190,000 in North Carolina

A powerful winter storm that hit the US Southeast over the weekend knocked out power for more than 190,000 customers in North Carolina, officials said on Sunday. Authorities urged residents to stay off the roads as snow, sleet, and freezing rain were expe
Published 10 Dec, 2018 12:00am
Anti-Kabila rapper abducted in DR Congo

Anti-Kabila rapper abducted in DR Congo

A rapper critical of outgoing President Joseph Kabila was abducted in the Democratic Republic of Congo's eastern city of Bukavu overnight, his father told AFP on Sunday.
Published 10 Dec, 2018 12:00am
UN launches aid delivery from Jordan to 650,000 Syrians

UN launches aid delivery from Jordan to 650,000 Syrians

The United Nations said Sunday it began delivering aid to hundreds of thousands of Syrians through the Jaber-Nassib border crossing with Jordan, which reopened two months ago. In total, "369 trucks carrying 11,200 metric tons of... assistance for over 650
Published 10 Dec, 2018 12:00am
Thousands rally in Lithuania for higher teacher wages

Thousands rally in Lithuania for higher teacher wages

Thousands of protesters marched through Lithuania's capital Vilnius on Sunday demanding higher wages for teachers, piling pressure on the Baltic state's government ahead of a budget vote. The protesters, including teachers, urged the ruling Farmers and Gr
Published 10 Dec, 2018 12:00am
Iran said to hold Australian-based academic

Iran said to hold Australian-based academic

Iran has detained an Australian-based academic on charges of trying to "infiltrate" Iranian institutions, according to official media. Meimanat Hosseini-Chavoshi was detained as she was leaving Iran, the state news agency IRNA said. Hosseini-Chavoshi, a p
Published 10 Dec, 2018 12:00am
At least five officials dead in Sudan helicopter crash

At least five officials dead in Sudan helicopter crash

A helicopter crashed Sunday in eastern Sudan, killing at least five local officials who were on board, state media reported. Witnesses said the helicopter caught fire after hitting a communications tower as it tried to land in a field in the state of Al-Q
Published 10 Dec, 2018 12:00am
China summons US ambassador over Huawei arrest

China summons US ambassador over Huawei arrest

China summoned the US ambassador on Sunday to protest the "extremely bad" arrest of telecom giant Huawei's chief financial officer in Canada and demand that the United States drop its extradition request. The arrest of Meng Wanzhou, who faces US fraud cha
Published 10 Dec, 2018 12:00am
Cities to work together to tackle migration

Cities to work together to tackle migration

Officials from more than 70 cities from around the world on Saturday pledged to work closer together to tackle migration flows, supporting a United Nations pact which a rising number of countries have pulled out from. With a record 21.3 million refugees g
Published 10 Dec, 2018 12:00am
Pushed out, but Soros foundation won't give up on Hungary

Pushed out, but Soros foundation won't give up on Hungary

The foundation started by US billionaire George Soros may have been forced to leave Budapest after the Hungarian government's relentless campaigning, but it is vowing not to give up on its work there. Despite being hounded out of the country where its fir
Published 10 Dec, 2018 12:00am
Nobel laureates challenge world to end sexual violence

Nobel laureates challenge world to end sexual violence

Nobel peace laureates Nadia Murad and Denis Mukwege said Sunday they hoped their award would help them push the international community to act to end rape in conflict and deliver justice for victims. Yazidi activist Murad and Congolese doctor Mukwege will
Published 10 Dec, 2018 12:00am
Canadian dollar to rebound
Currency

Canadian dollar to rebound

The Canadian dollar will rally over the coming year if oil prices recover and the Bank of Canada continues lifting interest rates, according to a poll of currency strategists who have become less bullish on prospects for the currency. The poll of 40 strat
Published 10 Dec, 2018 12:00am
UK regulator to make curbs on CFDs, binary options permanent
Currency

UK regulator to make curbs on CFDs, binary options permanent

Britain's markets watchdog proposed on Friday making temporary curbs on the sale of complex derivative products to retail customers permanent. EU regulators agreed in June to a temporary ban on the sale of "binary options" and imposed restrictions on the
Published 10 Dec, 2018 12:00am
Gazprom returns to Japanese bond market

Gazprom returns to Japanese bond market

Gazprom has raised about $576 million via a placement of bonds worth 65 billion yen in a deal supported by the Japan Bank for International Cooperation, according to capital markets publication Refinitiv IFR. The bond issue marks the first time that the R
Published 10 Dec, 2018 12:00am
Gazprom returns to Japanese bond market

Gazprom returns to Japanese bond market

Gazprom has raised about $576 million via a placement of bonds worth 65 billion yen in a deal supported by the Japan Bank for International Cooperation, according to capital markets publication Refinitiv IFR. The bond issue marks the first time that the R
Published 10 Dec, 2018 12:00am
As bitcoin trading shifts shape, big money stays away
Currency

As bitcoin trading shifts shape, big money stays away

Bitcoin's value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn't the only aspect of trading that has changed. The retail investors behind bitcoin's dizzying
Published 10 Dec, 2018 12:00am
China's money rates fall

China's money rates fall

China's primary money rates fell this week as demand for cash for regular tax payments eased after the month end, with traders awaiting November credit data for potential clues on further policy easing. The country's central bank made no net injections or
Published 10 Dec, 2018 12:00am
Gulf markets mostly lower; Egypt falls again

Gulf markets mostly lower; Egypt falls again

Gulf markets closed mainly in the red on Sunday, with market heavyweights Emaar Properties and Emirates NBD dragging Dubai's index lower and Egypt's market falling to fresh lows for the year. After plunging to its lowest level in more than five years on T
Published 10 Dec, 2018 12:00am
More trouble ahead for India's bruised rupee
Currency

More trouble ahead for India's bruised rupee

India's rupee will weaken over the six next months as uncertainty builds heading into national elections due in May, a Reuters poll showed. While a sharp drop in oil prices should help the slowing economy and the rupee, concerns will also persist over slu
Published 10 Dec, 2018 12:00am
Nigeria central bank to boost FX sale
Currency

Nigeria central bank to boost FX sale

The Nigerian central bank plans to boost its dollar sales to exchange bureaus after the currency weakened sharply on the black market. On Thursday, the naira weakened by 1 percent on the black market to 370 per dollar, its weakest since August 2017. The C
Published 10 Dec, 2018 12:00am
US says March 1 'hard deadline' for trade deal with China

US says March 1 'hard deadline' for trade deal with China

US-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, US Trade Representative Robert Lighthizer said on Sunday, clarifying there is a "hard deadline" after a week of seeming confusion among President Donald
Published 10 Dec, 2018 12:00am
Nissan seeks to block Ghosn's access to apartment in Rio

Nissan seeks to block Ghosn's access to apartment in Rio

Nissan said it was seeking to block former chairman Carlos Ghosn's access to an apartment in Rio de Janeiro, citing a risk that the executive, arrested and removed from his role for financial misconduct, may remove or destroy evidence.
Published 10 Dec, 2018 12:00am
Hong Kong, China bourses reach deal on dual-class shares

Hong Kong, China bourses reach deal on dual-class shares

The Hong Kong stock exchange said on Sunday it had reached a consensus with its counterparts in Shanghai and Shenzhen on trading by mainland investors in Hong Kong-listed companies with dual voting rights. The agreement, which could potentially benefit co
Published 10 Dec, 2018 12:00am
China's factory gate inflation eases

China's factory gate inflation eases

China's factory inflation slowed in November, a sign demand remains weak amid Beijing's ongoing trade war with the United States, while consumer inflation also flagged, official data showed Sunday. The producer price index - an important barometer of the
Published 10 Dec, 2018 12:00am
Iran courts jail: 30 men for economic crimes after public outcry

Iran courts jail: 30 men for economic crimes after public outcry

Fast-track courts set up in Iran to fight economic crime have jailed 30 men for up to 20 years each, the judiciary said on Sunday, as the country faces renewed US sanctions and a public outcry against profiteering and corruption. The new Islamic revolutio
Published 10 Dec, 2018 12:00am
May presses on with Brexit vote as lawmakers demand better deal

May presses on with Brexit vote as lawmakers demand better deal

Theresa May will push ahead with a crucial vote on her European Union exit deal, her Brexit minister said on Sunday, as senior lawmakers in her own party piled pressure on the British prime minister to go back to Brussels and seek a better offer.
Published 10 Dec, 2018 12:00am
World Bank shifts focus to Egypt's private sector with $1 billion loan

World Bank shifts focus to Egypt's private sector with $1 billion loan

The World Bank is pushing to prise open more space for Egypt's private sector with $1 billion in new funding, part of a second phase of support that follows two years of painful economic reforms, the bank's regional vice-president said. The funding, signe
Published 10 Dec, 2018 12:00am
AIG hit with $750 million to $800 million in Q4 catastrophe losses: CEO

AIG hit with $750 million to $800 million in Q4 catastrophe losses: CEO

American International Group Inc has racked up an estimated $750 million to $800 million in catastrophe losses so far during the 2018 fourth quarter, its chief executive officer said on Wednesday. Still, the company's general insurance unit is on track to
Published 10 Dec, 2018 12:00am
AIG hit with $750 million to $800 million in Q4 catastrophe losses: CEO

AIG hit with $750 million to $800 million in Q4 catastrophe losses: CEO

American International Group Inc has racked up an estimated $750 million to $800 million in catastrophe losses so far during the 2018 fourth quarter, its chief executive officer said on Wednesday. Still, the company's general insurance unit is on track to
Published 10 Dec, 2018 12:00am
Wells Fargo reform plans fail to satisfy Fed after scandals

Wells Fargo reform plans fail to satisfy Fed after scandals

The Federal Reserve has rejected Wells Fargo & Co's plans to prevent further consumer abuses and told the scandal-plagued lender it needs stronger checks on management, according to three people with knowledge of the discussions.
Published 10 Dec, 2018 12:00am
Wells Fargo reform plans fail to satisfy Fed after scandals

Wells Fargo reform plans fail to satisfy Fed after scandals

The Federal Reserve has rejected Wells Fargo & Co's plans to prevent further consumer abuses and told the scandal-plagued lender it needs stronger checks on management, according to three people with knowledge of the discussions.
Published 10 Dec, 2018 12:00am
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