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Print - 2018-12-18
Bid to smuggle betel nuts, Gutka foiled

Bid to smuggle betel nuts, Gutka foiled

The customs check post Khurkhera has foiled a bid to smuggle huge quantity of betel nuts and Indian Gutka to Karachi from Quetta. According to details, the customs check post Khurkhera has seized seven tons of betel nuts and 400 thousands of Indian Gutka
Published 18 Dec, 2018 12:00am
BRIndex100 drops 31.78 points

BRIndex100 drops 31.78 points

Pakistan Stock Exchange Monday witnessed a bearish trend due to selling in various sectors. BRIndex100 lost 31.78 points or 0.78 percent to close at 4,042.65 points. BRIndex100 touched intraday high of 4,075.01 and intraday low of 4,033.38 points. Volumes
Published 18 Dec, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 17, 2018).

Published 18 Dec, 2018 12:00am
BRIndex100 drops 31.78 points

BRIndex100 drops 31.78 points

Pakistan Stock Exchange Monday witnessed a bearish trend due to selling in various sectors. BRIndex100 lost 31.78 points or 0.78 percent to close at 4,042.65 points. BRIndex100 touched intraday high of 4,075.01 and intraday low of 4,033.38 points. Volumes
Published 18 Dec, 2018 12:00am
July-November: FDI declines 35 percent

July-November: FDI declines 35 percent

The Foreign Direct Investment (FDI) in Pakistan remained stagnant and fell 35 percent in the first five months of this fiscal year (FY19). The State Bank of Pakistan (SBP) on Monday reported that Pakistan has attracted FDI amounting to $881 million in Jul
Published 18 Dec, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (December 17, 2018).

Published 18 Dec, 2018 12:00am
July-November: FDI declines 35 percent

July-November: FDI declines 35 percent

The Foreign Direct Investment (FDI) in Pakistan remained stagnant and fell 35 percent in the first five months of this fiscal year (FY19). The State Bank of Pakistan (SBP) on Monday reported that Pakistan has attracted FDI amounting to $881 million in Jul
Published 18 Dec, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (December 17, 2018).

Published 18 Dec, 2018 12:00am
July-November: FDI declines 35 percent

July-November: FDI declines 35 percent

The Foreign Direct Investment (FDI) in Pakistan remained stagnant and fell 35 percent in the first five months of this fiscal year (FY19). The State Bank of Pakistan (SBP) on Monday reported that Pakistan has attracted FDI amounting to $881 million in Jul
Published 18 Dec, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 17, 2018)

Published 18 Dec, 2018 12:00am
PM vows to remove obstacles in way of doing business

PM vows to remove obstacles in way of doing business

Prime Minister Imran Khan Monday vowed to remove obstacles in the way of doing business and give boost to small and medium-sized enterprises. This he stated while addressing the 42nd award ceremony of Federation of Pakistan Chambers of Commerce and Indust
Published 18 Dec, 2018 12:00am
PM vows to remove obstacles in way of doing business

PM vows to remove obstacles in way of doing business

Prime Minister Imran Khan Monday vowed to remove obstacles in the way of doing business and give boost to small and medium-sized enterprises. This he stated while addressing the 42nd award ceremony of Federation of Pakistan Chambers of Commerce and Indust
Published 18 Dec, 2018 12:00am
PM vows to remove obstacles in way of doing business

PM vows to remove obstacles in way of doing business

Prime Minister Imran Khan Monday vowed to remove obstacles in the way of doing business and give boost to small and medium-sized enterprises. This he stated while addressing the 42nd award ceremony of Federation of Pakistan Chambers of Commerce and Indust
Published 18 Dec, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 17, 2018).

Published 18 Dec, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 18 Dec, 2018 12:00am
Successes and achievement of Sartaj celebrated

Successes and achievement of Sartaj celebrated

Leading economists, politicians, journalists, family members and friends, and foreign policy and development experts celebrated the successes and achievement of Sartaj Aziz as living legend of Pakistan. Dr Ishrat Hussain, Advisor to Prime Minister for Ins
Published 18 Dec, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 18 Dec, 2018 12:00am
Pakistan, Egypt agree to enhance bilateral cooperation

Pakistan, Egypt agree to enhance bilateral cooperation

Pakistan and Egypt have mutually agreed to enhance bilateral cooperation in multiple fields including joint ventures, defence production, training, and intelligence. The agreement reached during Army Chief General Qamar Javed Bajwa's meeting with the Egyp
Published 18 Dec, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 17, 2018).

Published 18 Dec, 2018 12:00am
Pakistan, Egypt agree to enhance bilateral cooperation

Pakistan, Egypt agree to enhance bilateral cooperation

Pakistan and Egypt have mutually agreed to enhance bilateral cooperation in multiple fields including joint ventures, defence production, training, and intelligence. The agreement reached during Army Chief General Qamar Javed Bajwa's meeting with the Egyp
Published 18 Dec, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 17, 2018).

Published 18 Dec, 2018 12:00am
Indian politician gets life over 1984 anti-Sikh riots

Indian politician gets life over 1984 anti-Sikh riots

A veteran Indian politician was given a life sentence on Monday over anti-Sikh riots in 1984 that killed nearly 3,000 people following the assassination of then-premier Indira Gandhi. The Delhi High Court found Sajjan Kumar, 73, guilty of instigating mobs
Published 18 Dec, 2018 12:00am
The Weather

The Weather

The weather report on Monday (December 17, 2018) and the forecast for Tuesday (December 18, 2018).

Published 18 Dec, 2018 12:00am
Indian politician gets life over 1984 anti-Sikh riots

Indian politician gets life over 1984 anti-Sikh riots

A veteran Indian politician was given a life sentence on Monday over anti-Sikh riots in 1984 that killed nearly 3,000 people following the assassination of then-premier Indira Gandhi. The Delhi High Court found Sajjan Kumar, 73, guilty of instigating mobs
Published 18 Dec, 2018 12:00am
Overseas Pakistanis may be allowed to bring two cell phones

Overseas Pakistanis may be allowed to bring two cell phones

After facing strong criticism on new mobile phone tax policy for foreign visitors as well as concerns shown by overseas Pakistanis on it, the government is considering revising the policy and may allow at least two duty free cell phones. The overseas Paki
Published 18 Dec, 2018 12:00am
Overseas Pakistanis may be allowed to bring two cell phones

Overseas Pakistanis may be allowed to bring two cell phones

After facing strong criticism on new mobile phone tax policy for foreign visitors as well as concerns shown by overseas Pakistanis on it, the government is considering revising the policy and may allow at least two duty free cell phones. The overseas Paki
Published 18 Dec, 2018 12:00am
Overseas Pakistanis may be allowed to bring two cell phones

Overseas Pakistanis may be allowed to bring two cell phones

After facing strong criticism on new mobile phone tax policy for foreign visitors as well as concerns shown by overseas Pakistanis on it, the government is considering revising the policy and may allow at least two duty free cell phones. The overseas Paki
Published 18 Dec, 2018 12:00am
Tinplates' import doubles following NTC probe

Tinplates' import doubles following NTC probe

Following initiation of investigation by the National Tariff Commission (NTC) against dumping of tinplates, its import was nearly doubled in October 2018, which has been done just to flood the market. According to details provided by M/s Siddiqsons Tin Pl
Published 18 Dec, 2018 12:00am
Tinplates' import doubles following NTC probe

Tinplates' import doubles following NTC probe

Following initiation of investigation by the National Tariff Commission (NTC) against dumping of tinplates, its import was nearly doubled in October 2018, which has been done just to flood the market. According to details provided by M/s Siddiqsons Tin Pl
Published 18 Dec, 2018 12:00am
Tinplates'' import doubles following NTC probe

Tinplates'' import doubles following NTC probe

Following initiation of investigation by the National Tariff Commission (NTC) against dumping of tinplates, its import was nearly doubled in October 2018, which has been done just to flood the market. According to details provided by M/s Siddiqsons Tin Pl
Published 18 Dec, 2018 12:00am
Bomb blast at Athens headquarters of media group

Bomb blast at Athens headquarters of media group

A bomb blast early Monday damaged a building in Athens housing the headquarters of Greece's private radio and television network Skai, but there were no casualties, police said. Anti-terrorist police opened an investigation into the attack that focused on
Published 18 Dec, 2018 12:00am
Bomb blast at Athens headquarters of media group

Bomb blast at Athens headquarters of media group

A bomb blast early Monday damaged a building in Athens housing the headquarters of Greece's private radio and television network Skai, but there were no casualties, police said. Anti-terrorist police opened an investigation into the attack that focused on
Published 18 Dec, 2018 12:00am
Malaysia charges Goldman Sachs, ex-bankers in 1MDB probe

Malaysia charges Goldman Sachs, ex-bankers in 1MDB probe

Malaysia on Monday filed criminal charges against Goldman Sachs and two of the US bank's former employees in connection with an investigation into suspected corruption and money laundering related to its dealings with the Malaysian sovereign wealth fund 1
Published 18 Dec, 2018 12:00am
Malaysia charges Goldman Sachs, ex-bankers in 1MDB probe

Malaysia charges Goldman Sachs, ex-bankers in 1MDB probe

Malaysia on Monday filed criminal charges against Goldman Sachs and two of the US bank's former employees in connection with an investigation into suspected corruption and money laundering related to its dealings with the Malaysian sovereign wealth fund 1
Published 18 Dec, 2018 12:00am
Malaysia charges Goldman Sachs, ex-bankers in 1MDB probe

Malaysia charges Goldman Sachs, ex-bankers in 1MDB probe

Malaysia on Monday filed criminal charges against Goldman Sachs and two of the US bank''s former employees in connection with an investigation into suspected corruption and money laundering related to its dealings with the Malaysian sovereign wealth fund
Published 18 Dec, 2018 12:00am
Indian spy Hamid Ansari freed

Indian spy Hamid Ansari freed

Foreign Office Monday said that the government has decided to release an Indian spy Hamid Nehal Ansari after completion of his sentence who is being repatriated to India. "Hamid Nehal Ansari, an Indian spy who had illegally entered Pakistan and was involv
Published 18 Dec, 2018 12:00am
Indian spy Hamid Ansari freed

Indian spy Hamid Ansari freed

Foreign Office Monday said that the government has decided to release an Indian spy Hamid Nehal Ansari after completion of his sentence who is being repatriated to India. "Hamid Nehal Ansari, an Indian spy who had illegally entered Pakistan and was involv
Published 18 Dec, 2018 12:00am
Customs, FBR's Inland Revenue: Rs 338.74 billion irregularities detected

Customs, FBR's Inland Revenue: Rs 338.74 billion irregularities detected

The Auditor General of Pakistan (AGP) has unearthed financial and procedural irregularities to the tune of Rs 338.74 billion in the affairs of Customs and Inland Revenue of Federal Board of Revenue (FBR). According to the audit report on the accounts of t
Published 18 Dec, 2018 12:00am
Customs, FBR's Inland Revenue: Rs 338.74 billion irregularities detected

Customs, FBR's Inland Revenue: Rs 338.74 billion irregularities detected

The Auditor General of Pakistan (AGP) has unearthed financial and procedural irregularities to the tune of Rs 338.74 billion in the affairs of Customs and Inland Revenue of Federal Board of Revenue (FBR). According to the audit report on the accounts of t
Published 18 Dec, 2018 12:00am
Economic slowdown national security challenge?

Economic slowdown national security challenge?

It is good to note that the present government has accorded priority to the rehabilitation of the economy. Terming slow growth a national security challenge, Khusro Bakhtiar, Federal Minister for Planning and Development at the annual general meeting orga
Published 18 Dec, 2018 12:00am
Apathy to human suffering

Apathy to human suffering

Indian security forces continue to act with impunity in occupied Kashmir, killing unarmed protesters, firing pellet guns with the intention to blind, and using rape as a weapon of repression. Countless young Kashmiris have been subjected to arbitrary arre
Published 18 Dec, 2018 12:00am
Improving statistics

Improving statistics

A Federal Minister for Planning, Development and Reforms has been appointed also as the Minister of Statistics. This is the appropriate choice and will enhance the role of the Planning Commission as the research and policy think tank of the government. It
Published 18 Dec, 2018 12:00am
Mid-term elections?

Mid-term elections?

Former President of Pakistan and co-chairperson of PPP Asif Zardari has set the cat among the pigeons by claiming that he is receiving hints of mid-term polls. He argued that state institutions should stay neutral and allow free and fair elections so that
Published 18 Dec, 2018 12:00am
China trade steps seen as good start but leave core US demands untouched

China trade steps seen as good start but leave core US demands untouched

The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet US demands for long-term change in how China do
Published 18 Dec, 2018 12:00am
The national airline

The national airline

Syed Bakhtiyar Kazmi has offered a workable solution to end the national airline's woes; he is straightforward and realistic. According to him, "Notwithstanding the be Pakistani buy Pakistani mantra which we all give lip service to at least, perhaps the d
Published 18 Dec, 2018 12:00am
Abidi begs unconditional pardon from SC

Abidi begs unconditional pardon from SC

Former Senator Faisal Raza Abidi has tendered an unconditional apology and begged forgiveness from the apex court and promised that he will not repeat the grievous mistake in future. The ex-Senator on Monday filed an application regarding unconditional ap
Published 18 Dec, 2018 12:00am
Bilawal's political career on stake: Rashid

Bilawal's political career on stake: Rashid

Federal Minister for Railways Sheikh Rashid Ahmed has said Pakistan People Party (PPP) co-chairman Asif Ali Zardari has started addressing public gatherings in Sindh as he has foresighted his political future.
Published 18 Dec, 2018 12:00am
Quake jolts parts of Balochistan

Quake jolts parts of Balochistan

A 4.2 magnitude earthquake shook parts of Balochistan including Quetta, Mastung and Sibi districts on Monday. According to the Pakistan Meteorological Department (PMD), the epicenter of the quake was located around 47 kilometers east of the provincial cap
Published 18 Dec, 2018 12:00am
Bodyguard of Nawaz: NA speaker orders registration of FIR

Bodyguard of Nawaz: NA speaker orders registration of FIR

Speaker National Assembly Asad Qaisar on Monday ordered registration of first information report (FIR) against the bodyguard of ex-premier Nawaz Sharif who assaulted a private television channel cameraman in the premises of the Parliament.
Published 18 Dec, 2018 12:00am
Malam Jabba land case: KP CM claims to have clean chit from NAB

Malam Jabba land case: KP CM claims to have clean chit from NAB

Chief Minister Khyber Pakhtunkhwa Mahmood Khan on Monday appeared before the NAB's investigators and claimed that the National Accountability Bureau has given him a clean chit in Malam Jabba's forest land case. According to details, KP CM Mehmood Khan app
Published 18 Dec, 2018 12:00am
Over Rs 166 billion irregularities detected in PTA

Over Rs 166 billion irregularities detected in PTA

The Auditor General of Pakistan (AGP) has detected misappropriation, irregularities, mismanagement and operational inefficiencies of over Rs 166 billion in Pakistan Telecommunication Authority (PTA).
Published 18 Dec, 2018 12:00am
Telenor Pakistan HQ bags two awards

Telenor Pakistan HQ bags two awards

The state-of-the-art Telenor Pakistan Headquarters '345' bagged two prestigious awards including the 2A Continental Architectural Award 2018 in the 'Commercial - Office & Business -Asia' category, and the World Architecture Community Award 2018 in the 'Re
Published 18 Dec, 2018 12:00am
NA condemns human rights violations by India

NA condemns human rights violations by India

The National Assembly on Monday unanimously passed two resolutions separately, condemning the grave human rights violations by Indian forces in Occupied Kashmir and killing of innocent children at Army Public School (APS) Peshawar a few years back. Minist
Published 18 Dec, 2018 12:00am
Pakistan welcomes talks between Afghan Taliban, US in UAE

Pakistan welcomes talks between Afghan Taliban, US in UAE

Pakistan on Monday welcomed the new round of talks between Afghan Taliban and the US in the United Arab Emirates (UAE), and reiterated its commitment to peace and reconciliation in Afghanistan. "Along with international community and other stakeholders, P
Published 18 Dec, 2018 12:00am
SSGC teams continue raids against gas pilferers

SSGC teams continue raids against gas pilferers

As per the directives of the higher management, a joint inspection-cum-raid was carried out on a factory at Port Qasim area, by the representatives of SSGC's Measurement, Sales and SS&CGTO departments along with SSGC Police and FIR Cell teams.
Published 18 Dec, 2018 12:00am
'All Pakistan Kissan Convention' begins today

'All Pakistan Kissan Convention' begins today

The 9th All Pakistan Kisan Convention will begin on Tuesday (today) at Pakistan Academy for Rural Development (PARD), Peshawar, which will continue till December 20. According to details, the three-day convention with the theme "Food Security through Wate
Published 18 Dec, 2018 12:00am
ADB official arrives to discuss future strategic direction

ADB official arrives to discuss future strategic direction

Director General (DG) Asian Development Bank (ADB) Tomoyuki Kimura arrived here on Monday to discuss Bank's future strategic direction and its development partnership with Pakistan. According to ADB announcement, ADB official Kimura is visiting Pakistan f
Published 18 Dec, 2018 12:00am
Zardari will get dacoit like punishment: minister

Zardari will get dacoit like punishment: minister

The Federal Minister for Maritime Affairs, Ali Haider Zaidi, slammed Asif Ali Zardari saying that the former president looted the entire country without any limits and he will get a dacoit like punishment for his wrongdoings.
Published 18 Dec, 2018 12:00am
US urges Bosnia to stay on Nato path

US urges Bosnia to stay on Nato path

A senior US diplomat on Monday urged Bosnia to stay on the path to join Nato, a process one of its three newly-elected presidents is threatening to sabotage. Previous Bosnian governments have moved over the past decade to join Nato, which called on the Ba
Published 18 Dec, 2018 12:00am
PM for meeting target of 15 million cotton bales production
Cotton

PM for meeting target of 15 million cotton bales production

Prime Minister Imran Khan Monday called for efforts to enhance the production of cotton to 15 million bales, reiterating his government's priorities to support farmers in adopting the modern practices. Chairing a meeting on the challenges being faced by t
Published 18 Dec, 2018 12:00am
PJBF holds joint dialogue in Tokyo

PJBF holds joint dialogue in Tokyo

Pakistan Japan Business Forum (PJBF) took a business delegation to Tokyo last week, comprising several iconic business groups and SME's to the 8th Joint Business Dialogue followed by the government to business (G2B) and government-to-government (G2G) dial
Published 18 Dec, 2018 12:00am
US MIDDAY: gold gains

US MIDDAY: gold gains

Gold rose on Monday as a slide in the dollar made bullion more attractive for holders of other currencies, while some investors took cover as stocks globally slipped into the red ahead of the US Federal Reserve's two-day policy meeting.
Published 18 Dec, 2018 12:00am
US MIDDAY: soyabeans, wheat rise

US MIDDAY: soyabeans, wheat rise

US soyabean futures firmed on Monday after two sessions of declines as traders anticipated more purchases by China after the world's top soya importer last week booked its first US shipments in six months.
Published 18 Dec, 2018 12:00am
Gold gains in Europe

Gold gains in Europe

Gold rose on Monday as a slide in the dollar made bullion more attractive for holders of other currencies, while some investors took cover as stocks globally slipped into the red ahead of the US Federal Reserve's two-day policy meeting. Spot gold was up 0
Published 18 Dec, 2018 12:00am
Gold prices down in Asia

Gold prices down in Asia

Gold prices inched lower in Asian trade on Monday as the dollar held firm below a 19-month peak on safe-haven demand amid concerns of a global economic slowdown, and as investors awaited cues on US interest rate hikes from a Federal Reserve meeting this w
Published 18 Dec, 2018 12:00am
Arabica coffee dips to 2-1/2 months low, sugar falls

Arabica coffee dips to 2-1/2 months low, sugar falls

Arabica coffee futures on ICE fell to a 2-1/2 month low on Monday, weighed down by a supply surplus after a record crop in top grower Brazil this year, while sugar and cocoa also eased. March arabica coffee fell 1.65 cents, or 1.6 percent, to $1.0060 per
Published 18 Dec, 2018 12:00am
EU becomes net grain importer for first time in more than 10 years

EU becomes net grain importer for first time in more than 10 years

The European Union has become a net importer of grain for the first time in more than a decade following a drought-affected wheat harvest, strong competition in exports from Russia and a record pace of maize imports. As of Dec. 16, the EU has imported 13.
Published 18 Dec, 2018 12:00am
Palm oil falls over 1 percent
Vegetable Oil

Palm oil falls over 1 percent

Malaysian palm oil futures fell over 1 percent on Monday before paring some losses, as weakness in overnight soyaoil on the US Chicago Board of Trade (CBOT) and data showing declining exports weighed on sentiment. The benchmark palm oil contract for March
Published 18 Dec, 2018 12:00am
Tokyo rubber hits two-month high

Tokyo rubber hits two-month high

Benchmark Tokyo rubber futures surged to their highest in more than two months on Monday backed by technical buying and amid hopes that rubber producers may come up with some measures to help shore up prices, dealers said. The Tokyo Commodity Exchange (TO
Published 18 Dec, 2018 12:00am
Oil prices drop as oversupply, economic growth worries weigh

Oil prices drop as oversupply, economic growth worries weigh

Oil prices fell more than 2 percent on Monday, with US crude hitting the lowest since September 2017, on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over global economic growth and fuel demand. B
Published 18 Dec, 2018 12:00am
Brazil energy council approves sixth round pre-salt oil auction

Brazil energy council approves sixth round pre-salt oil auction

Brazil's National Council for Energy Policy (CNPE) in a meeting on Monday approved the sixth-round auction for the country's pre-salt offshore oil area to be held on Nov. 1, 2019, a person with knowledge of the matter told Reuters. Global oil companies ha
Published 18 Dec, 2018 12:00am
Copper, other metals slip on global growth concerns

Copper, other metals slip on global growth concerns

Copper and most other base metals slipped on Monday on worries that weaker global growth will curb demand, but many investors were on the sidelines ahead of key economic meetings in China and the United States. "We're seeing losses because some of the gro
Published 18 Dec, 2018 12:00am
Saudi Arabia slams US Senate vote as 'interference'

Saudi Arabia slams US Senate vote as 'interference'

Saudi Arabia on Monday slammed as "interference" US Senate resolutions over its war in Yemen and critic Jamal Khashoggi's murder, warning that the move could have repercussions on its strategic ties with Washington.
Published 18 Dec, 2018 12:00am
Israeli spacecraft gets special passenger before moon journey

Israeli spacecraft gets special passenger before moon journey

Israeli scientists making final preparations to launch the country's first spacecraft to the moon added a special passenger on Monday that will accompany the journey. A time capsule of three digital discs containing thousands of files was ceremoniously pl
Published 18 Dec, 2018 12:00am
Fraud claims as Kremlin candidate wins vote re-run

Fraud claims as Kremlin candidate wins vote re-run

A Kremlin-backed candidate has won a key governorship election in Russia's Far East but critics denounced the vote as a fraud after a popular opposition figure was not allowed to run. An electoral crisis erupted in the Far Eastern region of Primorsky Krai
Published 18 Dec, 2018 12:00am
Miss Philippines wins 2018 Miss Universe crown

Miss Philippines wins 2018 Miss Universe crown

Miss Philippines was crowned Miss Universe on Monday in Bangkok after a trailblazing ceremony praised for featuring its first transgender candidate but marred by gaffes about the English-speaking ability of two Asian contestants. Catriona Gray, 24, finish
Published 18 Dec, 2018 12:00am
Fire at Mumbai hospital kills six, injures over 100

Fire at Mumbai hospital kills six, injures over 100

At least six people were killed and more than 100 injured when a fire engulfed a hospital in Mumbai on Monday, officials said, in the latest disaster to raise concerns about fire safety in India. The blaze broke out around 4:00 pm (1130 GMT) on the fourth
Published 18 Dec, 2018 12:00am
Aussie, kiwi on defensive

Aussie, kiwi on defensive

The Australian and New Zealand dollars were put on the defensive on Monday by worries about slowing growth in China and globally, while a rapidly improving budget position in Australia gave a boost to bonds. The Aussie dollar was hanging on at $0.7173 aft
Published 18 Dec, 2018 12:00am
Sri Lankan rupee steadies
Currency

Sri Lankan rupee steadies

The Sri Lankan rupee ended steady on Monday as political crisis in the South Asian island nation showed signs of easing after President Maithripala Sirisena reinstated the premier he had initially sacked in a widely criticised move, but foreign outflows f
Published 18 Dec, 2018 12:00am
Euro rebounds as dollar dips in Europe
Currency

Euro rebounds as dollar dips in Europe

The euro recovered nearly half a percent from recent lows on Monday as the dollar slipped, with traders reluctant to push the US currency much higher before the Federal Reserve's policy meeting this week. In quiet London trading, most currencies were litt
Published 18 Dec, 2018 12:00am
Early trade in New York: dollar slides ahead of Fed rate decision

Early trade in New York: dollar slides ahead of Fed rate decision

The dollar on Monday fell from an 18-month high reached the previous session, ahead of the Federal Reserve's policy meeting this week that will likely result in an increase in interest rates but signal a more cautious tone for the economy next year.
Published 18 Dec, 2018 12:00am
Dollar index near 18-month high in Asia
Currency

Dollar index near 18-month high in Asia

The dollar held near a 18-month high on Monday, bolstered by safe-haven buying as heightened concerns of a global economic slowdown reduced appetites for riskier assets such as stocks and Asian currencies. Weaker-than-expected economic data from China and
Published 18 Dec, 2018 12:00am
Australian shares recover, New Zealand pares losses

Australian shares recover, New Zealand pares losses

Australian shares pared losses to close higher on Monday, as investors cheered the government's budget plan which is forecast to end more than a decade of deficits. The S&P/ASX 200 index started the day in the red but closed 1 percent higher at 5,658.30.
Published 18 Dec, 2018 12:00am
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