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FFL 15.16 Increased By ▲ 0.32 (2.16%)
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TPLP 10.93 Decreased By ▼ -0.08 (-0.73%)
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Mar 09, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-12-29
The FDI woes

The FDI woes

Foreign Direct Investment (FDI) inflows declined by 46 percent in the first four months of the current fiscal year (July-October), said a report of the State Bank of Pakistan (SBP). While the US, Europe and Japan - the front-ranking traditional investors
Published 29 Dec, 2018 12:00am
Hearing of fake bank accounts case on December 31

Hearing of fake bank accounts case on December 31

The Supreme Court will hear fake bank accounts case on 31st December. A two-member bench comprising Chief Justice Mian Saqib Nisar and Justice Ijazul Ahsen will resume the hearing of fake bank accounts case. The same bench at Lahore Registry on December 2
Published 29 Dec, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 28, 2018).

Published 29 Dec, 2018 12:00am
Hearing of fake bank accounts case on December 31

Hearing of fake bank accounts case on December 31

The Supreme Court will hear fake bank accounts case on 31st December. A two-member bench comprising Chief Justice Mian Saqib Nisar and Justice Ijazul Ahsen will resume the hearing of fake bank accounts case. The same bench at Lahore Registry on December 2
Published 29 Dec, 2018 12:00am
SECP tightens rules for credit rating agencies

SECP tightens rules for credit rating agencies

The Secu-rities and Exchange Commission of Pakistan (SECP) has tightened regulations for the credit rating companies and directed them to select independent directors from the data bank of independent directors notified under the Companies Act, 2017. The
Published 29 Dec, 2018 12:00am
SECP tightens rules for credit rating agencies

SECP tightens rules for credit rating agencies

The Secu-rities and Exchange Commission of Pakistan (SECP) has tightened regulations for the credit rating companies and directed them to select independent directors from the data bank of independent directors notified under the Companies Act, 2017. The
Published 29 Dec, 2018 12:00am
SECP tightens rules for credit rating agencies

SECP tightens rules for credit rating agencies

The Secu-rities and Exchange Commission of Pakistan (SECP) has tightened regulations for the credit rating companies and directed them to select independent directors from the data bank of independent directors notified under the Companies Act, 2017. The
Published 29 Dec, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

A kind of firmness prevailed on the money market on Friday as the rupee managed to hold present levels against the dollar in process of trading activity, dealers said. The rupee was almost inert in relation to the dollar for buying and selling at Rs 138.9
Published 29 Dec, 2018 12:00am
China allows first-ever US rice imports ahead of talks

China allows first-ever US rice imports ahead of talks

China has opened the door to imports of rice from the United States for the first time ever in what analysts took to signal a warming of relations between the world's two biggest economies after a frosty year marked by tensions and tit-for-tat tariffs.
Published 29 Dec, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

A kind of firmness prevailed on the money market on Friday as the rupee managed to hold present levels against the dollar in process of trading activity, dealers said. The rupee was almost inert in relation to the dollar for buying and selling at Rs 138.9
Published 29 Dec, 2018 12:00am
China allows first-ever US rice imports ahead of talks

China allows first-ever US rice imports ahead of talks

China has opened the door to imports of rice from the United States for the first time ever in what analysts took to signal a warming of relations between the world's two biggest economies after a frosty year marked by tensions and tit-for-tat tariffs.
Published 29 Dec, 2018 12:00am
China allows first-ever US rice imports ahead of talks

China allows first-ever US rice imports ahead of talks

China has opened the door to imports of rice from the United States for the first time ever in what analysts took to signal a warming of relations between the world''s two biggest economies after a frosty year marked by tensions and tit-for-tat tariffs.
Published 29 Dec, 2018 12:00am
Concerns over proposed SPA of KE shares, other issue eased

Concerns over proposed SPA of KE shares, other issue eased

A high-powered Ministerial Committee has reportedly succeeded in resolving the concerns of ministries on the proposed Sale Purchase Agreement (SPA) of 66.4 per cent shares of Karachi Electric (KE) and issuance of National Security Certificate, well-inform
Published 29 Dec, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 28, 2018).

Published 29 Dec, 2018 12:00am
Concerns over proposed SPA of KE shares, other issue eased

Concerns over proposed SPA of KE shares, other issue eased

A high-powered Ministerial Committee has reportedly succeeded in resolving the concerns of ministries on the proposed Sale Purchase Agreement (SPA) of 66.4 per cent shares of Karachi Electric (KE) and issuance of National Security Certificate, well-inform
Published 29 Dec, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 28, 2018).

Published 29 Dec, 2018 12:00am
Concerns over proposed SPA of KE shares, other issue eased

Concerns over proposed SPA of KE shares, other issue eased

A high-powered Ministerial Committee has reportedly succeeded in resolving the concerns of ministries on the proposed Sale Purchase Agreement (SPA) of 66.4 per cent shares of Karachi Electric (KE) and issuance of National Security Certificate, well-inform
Published 29 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 Friday (December 28, 2018).

Published 29 Dec, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 28, 2018)

Published 29 Dec, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 28, 2018).

Published 29 Dec, 2018 12:00am
BRIndex100 plummets

BRIndex100 plummets

Sentiments at Pakistan Stock Exchange (PSX) remained negative on Friday. BRIndex100 shed 96.45 points or 2.44 percent to close at 3,851.92 points compared to previous close of 3,947.93 points. It touched intraday high of 3,950.43 points and intraday low o
Published 29 Dec, 2018 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Dec, 2018 12:00am
BRIndex100 plummets

BRIndex100 plummets

Sentiments at Pakistan Stock Exchange (PSX) remained negative on Friday. BRIndex100 shed 96.45 points or 2.44 percent to close at 3,851.92 points compared to previous close of 3,947.93 points. It touched intraday high of 3,950.43 points and intraday low o
Published 29 Dec, 2018 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Dec, 2018 12:00am
BRIndex100 plummets

BRIndex100 plummets

Sentiments at Pakistan Stock Exchange (PSX) remained negative on Friday. BRIndex100 shed 96.45 points or 2.44 percent to close at 3,851.92 points compared to previous close of 3,947.93 points. It touched intraday high of 3,950.43 points and intraday low o
Published 29 Dec, 2018 12:00am
The Weather

The Weather

The weather report on Friday (December 28, 2018) and the forecast for Saturday (December 29, 2018).

Published 29 Dec, 2018 12:00am
PM optimistic about IMF response

PM optimistic about IMF response

The government has said it will present Money Bill in Parliament by mid of January 2019 and there are no hitches in the International Monetary Fund (IMF) bailout package. This was disclosed by Prime Minister Imran Khan and his economic team during a brief
Published 29 Dec, 2018 12:00am
PM optimistic about IMF response

PM optimistic about IMF response

The government has said it will present Money Bill in Parliament by mid of January 2019 and there are no hitches in the International Monetary Fund (IMF) bailout package. This was disclosed by Prime Minister Imran Khan and his economic team during a brief
Published 29 Dec, 2018 12:00am
PM optimistic about IMF response

PM optimistic about IMF response

The government has said it will present Money Bill in Parliament by mid of January 2019 and there are no hitches in the International Monetary Fund (IMF) bailout package. This was disclosed by Prime Minister Imran Khan and his economic team during a brief
Published 29 Dec, 2018 12:00am
Envoys urged to make efforts towards enhancing exports

Envoys urged to make efforts towards enhancing exports

Prime Minister Imran Khan on Friday directed the country's embassies and missions abroad to make all-out efforts to enhance the country's exports, attract foreign investment and help check the menace of money laundering. Addressing the concluding session
Published 29 Dec, 2018 12:00am
Envoys urged to make efforts towards enhancing exports

Envoys urged to make efforts towards enhancing exports

Prime Minister Imran Khan on Friday directed the country's embassies and missions abroad to make all-out efforts to enhance the country's exports, attract foreign investment and help check the menace of money laundering. Addressing the concluding session
Published 29 Dec, 2018 12:00am
Envoys urged to make efforts towards enhancing exports

Envoys urged to make efforts towards enhancing exports

Prime Minister Imran Khan on Friday directed the country''s embassies and missions abroad to make all-out efforts to enhance the country''s exports, attract foreign investment and help check the menace of money laundering. Addressing the concluding sessio
Published 29 Dec, 2018 12:00am
UBG sweeps FPCCI elections

UBG sweeps FPCCI elections

The United Business Group (UBG) led by Iftikhar Malik and S MMuneer has swept the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections held on December 28 for the year 2019. According to unofficial results the UBG candidate En
Published 29 Dec, 2018 12:00am
UBG sweeps FPCCI elections

UBG sweeps FPCCI elections

The United Business Group (UBG) led by Iftikhar Malik and S MMuneer has swept the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections held on December 28 for the year 2019. According to unofficial results the UBG candidate En
Published 29 Dec, 2018 12:00am
UBG sweeps FPCCI elections

UBG sweeps FPCCI elections

The United Business Group (UBG) led by Iftikhar Malik and S MMuneer has swept the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections held on December 28 for the year 2019. According to unofficial results the UBG candidate En
Published 29 Dec, 2018 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all banks will remain closed for public dealing on Tuesday, the 1st January 2019, which will be observed as "bank holiday". All banks/DFIs/MFBs will, therefore, remain closed for public dealing on the abovesaid date. However
Published 29 Dec, 2018 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all banks will remain closed for public dealing on Tuesday, the 1st January 2019, which will be observed as "bank holiday". All banks/DFIs/MFBs will, therefore, remain closed for public dealing on the abovesaid date. However
Published 29 Dec, 2018 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all banks will remain closed for public dealing on Tuesday, the 1st January 2019, which will be observed as "bank holiday". All banks/DFIs/MFBs will, therefore, remain closed for public dealing on the abovesaid date. However
Published 29 Dec, 2018 12:00am
NBMFCs branches: SECP places six regulatory requirements

NBMFCs branches: SECP places six regulatory requirements

The Securities and Exchange Commission of Pakistan (SECP) has placed six regulatory requirements for the branches of Non-Bank Microfinance Companies (NBMFCs). According to the circular number 23 of 2018 issued here on Friday, the Commission, in exercise o
Published 29 Dec, 2018 12:00am
NBMFCs branches: SECP places six regulatory requirements

NBMFCs branches: SECP places six regulatory requirements

The Securities and Exchange Commission of Pakistan (SECP) has placed six regulatory requirements for the branches of Non-Bank Microfinance Companies (NBMFCs). According to the circular number 23 of 2018 issued here on Friday, the Commission, in exercise o
Published 29 Dec, 2018 12:00am
NBMFCs branches: SECP places six regulatory requirements

NBMFCs branches: SECP places six regulatory requirements

The Securities and Exchange Commission of Pakistan (SECP) has placed six regulatory requirements for the branches of Non-Bank Microfinance Companies (NBMFCs). According to the circular number 23 of 2018 issued here on Friday, the Commission, in exercise o
Published 29 Dec, 2018 12:00am
Bangladesh election campaign ends with new death, arrests

Bangladesh election campaign ends with new death, arrests

Bangladesh's general election campaign ended Friday with more deadly violence and arrests of opposition activists which have raised international concern as Prime Minister Sheikh Hasina seeks a record fourth term. A ruling Awami League party supporter was
Published 29 Dec, 2018 12:00am
Bangladesh election campaign ends with new death, arrests

Bangladesh election campaign ends with new death, arrests

Bangladesh's general election campaign ended Friday with more deadly violence and arrests of opposition activists which have raised international concern as Prime Minister Sheikh Hasina seeks a record fourth term. A ruling Awami League party supporter was
Published 29 Dec, 2018 12:00am
Services sector posts $5 billion exports: Senate panel told

Services sector posts $5 billion exports: Senate panel told

The Senate Standing Committee on Statistics was informed on Friday that according to the documented data obtained from the State Bank of Pakistan, the country has services sector exports amounting to $4-5 billion. The meeting was held under the chairmansh
Published 29 Dec, 2018 12:00am
Services sector posts $5 billion exports: Senate panel told

Services sector posts $5 billion exports: Senate panel told

The Senate Standing Committee on Statistics was informed on Friday that according to the documented data obtained from the State Bank of Pakistan, the country has services sector exports amounting to $4-5 billion. The meeting was held under the chairmansh
Published 29 Dec, 2018 12:00am
Services sector posts $5 billion exports: Senate panel told

Services sector posts $5 billion exports: Senate panel told

The Senate Standing Committee on Statistics was informed on Friday that according to the documented data obtained from the State Bank of Pakistan, the country has services sector exports amounting to $4-5 billion. The meeting was held under the chairmansh
Published 29 Dec, 2018 12:00am
Up to 13.5 percent cut in prices of POL products recommended

Up to 13.5 percent cut in prices of POL products recommended

The Oil and Gas Regulatory Authority (Ogra) has recommended up to 13.5 percent reduction in the prices of petroleum products for the month of January 2019. The regulatory authority has suggested that prices of petrol may be reduced by Rs 9.50 per litre (1
Published 29 Dec, 2018 12:00am
Up to 13.5 percent cut in prices of POL products recommended

Up to 13.5 percent cut in prices of POL products recommended

The Oil and Gas Regulatory Authority (Ogra) has recommended up to 13.5 percent reduction in the prices of petroleum products for the month of January 2019. The regulatory authority has suggested that prices of petrol may be reduced by Rs 9.50 per litre (1
Published 29 Dec, 2018 12:00am
Up to 13.5 percent cut in prices of POL products recommended

Up to 13.5 percent cut in prices of POL products recommended

The Oil and Gas Regulatory Authority (Ogra) has recommended up to 13.5 percent reduction in the prices of petroleum products for the month of January 2019. The regulatory authority has suggested that prices of petrol may be reduced by Rs 9.50 per litre (1
Published 29 Dec, 2018 12:00am
Zardari refuses to succumb to 'pressure'

Zardari refuses to succumb to 'pressure'

Hours after the government placed the names of top PPP leaders on the Exit Control List (ECL), Asif Zardari said no one can scare him or the party and that they will continue to raise the issue of peoples' rights. The PPP leader was addressing a gathering
Published 29 Dec, 2018 12:00am
Zardari refuses to succumb to 'pressure'

Zardari refuses to succumb to 'pressure'

Hours after the government placed the names of top PPP leaders on the Exit Control List (ECL), Asif Zardari said no one can scare him or the party and that they will continue to raise the issue of peoples' rights. The PPP leader was addressing a gathering
Published 29 Dec, 2018 12:00am
Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo agreed to a $575 million nationwide settlement over its opening of millions of unauthorized customer accounts and other alleged predatory practices, the bank and US authorities announced Friday. The agreement between the bank and attorneys gen
Published 29 Dec, 2018 12:00am
Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo agreed to a $575 million nationwide settlement over its opening of millions of unauthorized customer accounts and other alleged predatory practices, the bank and US authorities announced Friday. The agreement between the bank and attorneys gen
Published 29 Dec, 2018 12:00am
Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo agreed to a $575 million nationwide settlement over its opening of millions of unauthorized customer accounts and other alleged predatory practices, the bank and US authorities announced Friday. The agreement between the bank and attorneys gen
Published 29 Dec, 2018 12:00am
Raising deposit to GDP ratio

Raising deposit to GDP ratio

The National Financial Inclusion Policy (NFIP) for the next five years approved by Prime Minister Imran Khan in the final week of November would focus on raising (i) the number of adults with a bank account from the current low 16 percent; and (ii) the nu
Published 29 Dec, 2018 12:00am
Returning to Quaid's vision?

Returning to Quaid's vision?

The event the PTI government in Punjab held at the Aiwan-e-Iqbal in Lahore the other day to unveil its 100-day agenda, more than anything else, was notably for what Prime Minister Imran Khan had to say about the minorities' rights. Two points stand out. F
Published 29 Dec, 2018 12:00am
Turkey investigates Fox News journalist

Turkey investigates Fox News journalist

A Turkish prosecutor on Friday launched an investigation into a prominent Fox News Turkey presenter less than two weeks after President Recep Tayyip Erdogan lambasted the journalist, local media reported. The prosecutor's office said it was investigating
Published 29 Dec, 2018 12:00am
'Pak-China Air Force exercise improves defence capability'

'Pak-China Air Force exercise improves defence capability'

Chinese national defence ministry spokesperson Wu Qian said the recently concluded training exercise, Shaheen-VII jointly conducted by air forces of Pakistan and China had achieved its desired results. "The joint training exercise held last week held at a
Published 29 Dec, 2018 12:00am
Influential oil mafia creating artificial gas crisis: APCNGA

Influential oil mafia creating artificial gas crisis: APCNGA

All Pakistan CNG Association (APCNGA) Friday said that influential oil mafia is pushing the country towards an artificial gas crisis which is hurting the public interests. "Gas supply has been discontinued to the CNG sector and we will initiate countrywid
Published 29 Dec, 2018 12:00am
FBR wing steps up drive against foreign cloth's smuggling

FBR wing steps up drive against foreign cloth's smuggling

The Directorate of Intelligence and Investigation (Customs)-FBR, Peshawar, has intensified campaign against smuggling of foreign origin cloth from Peshawar to Punjab. According to sources, under instructions from Dr Arsalan Subuctageen, Director Intellige
Published 29 Dec, 2018 12:00am
PTEA seeks Razak's help
Currency

PTEA seeks Razak's help

Pakistan Textile Exporters Association (PTEA) has sought help from Prime Minister's Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak in resolution of their outstanding issues.
Published 29 Dec, 2018 12:00am
Morocco to suspend customs duty on import of soft wheat

Morocco to suspend customs duty on import of soft wheat

Morocco will suspend the customs duty on soft wheat for four more months until April 30, 2019, to maintain price stability and ensure regular supply, a government spokesperson said on Thursday. The government has acted to maintain the import price of soft
Published 29 Dec, 2018 12:00am
Chinese coke, coking coal futures set to end three-day losses

Chinese coke, coking coal futures set to end three-day losses

Prices for steelmaking raw materials rose in China on Thursday with coke and coking coal futures set to end three days of losses, buoyed by hopes demand will pick up as steel mills begin to rebuild inventories ahead of the Lunar New Year. Prices of rebar
Published 29 Dec, 2018 12:00am
Cocoa gains for fifth straight week

Cocoa gains for fifth straight week

New York cocoa futures on ICE rose on Friday, clawing back some of the previous session's losses as concerns over dry weather in West Africa persisted, while arabica coffee slipped on the day but still managed to finish the week in positive territory.
Published 29 Dec, 2018 12:00am
Oil prices steady near year-and-a-half lows ahead of New Year

Oil prices steady near year-and-a-half lows ahead of New Year

Oil prices steadied on Friday after a week of volatile trading ahead of the New Year holiday, supported by a rise in US equity markets but pressured by worries about a global glut of crude. Brent crude futures rose 4 cents to settle at $52.20 a barrel, of
Published 29 Dec, 2018 12:00am
Libyan oil revenue dips to $2.4 billion in November

Libyan oil revenue dips to $2.4 billion in November

Libya's oil and gas revenue dipped to $2.4 billion in November from $2.87 billion in October, but full-year revenue is expected to surge by 76 percent to $24.2 billion, state oil firm NOC said on Friday. Although lower than the previous month, November re
Published 29 Dec, 2018 12:00am
Copper ekes out first weekly gain in five weeks

Copper ekes out first weekly gain in five weeks

Copper inched up on Friday for its first weekly rise in five weeks as gains on global equity markets rekindled interest in riskier assets and a weaker dollar made metal cheaper for buyers with other currencies. Benchmark copper on the London Metal Exchang
Published 29 Dec, 2018 12:00am
'We're not in crisis': Saudi foreign minister takes the reins

'We're not in crisis': Saudi foreign minister takes the reins

Saudi Arabia's new foreign minister struck a note of defiance Friday in the face of international outrage over critic Jamal Khashoggi's murder, rejecting the kingdom was in crisis and his predecessor had been demoted.
Published 29 Dec, 2018 12:00am
China police detain students protesting

China police detain students protesting

Chinese police detained a group of students on Friday who were protesting against a crackdown on a campus Marxist society, whose former head was held by police on the 125th birthday of the founder of modern China, Mao Zedong. China has an awkward relation
Published 29 Dec, 2018 12:00am
Spain preparing for no-deal Brexit

Spain preparing for no-deal Brexit

Spain's prime minister said Friday his government is preparing emergency measures to preserve the rights of Britons in Spain in the event of the UK leaving the European Union without a deal. "I want to sent a message of calm to Spaniards who live in Brita
Published 29 Dec, 2018 12:00am
Two Vietnamese tourists, guide killed by Egypt roadside bomb

Two Vietnamese tourists, guide killed by Egypt roadside bomb

Two Vietnamese holidaymakers and an Egyptian tour guide were killed Friday when a roadside bomb blast hit their bus as it travelled close to the Giza pyramids outside Cairo, officials said. An interior ministry statement said 10 other tourists from Vietna
Published 29 Dec, 2018 12:00am
Yen jumps as investors stay cautious amid volatile stock moves
Currency

Yen jumps as investors stay cautious amid volatile stock moves

The Japanese yen jumped on Friday as investors sought protection against volatile stock moves, while the greenback dipped as stocks ended a dramatic week capped by large price swings. The benchmark S&P 500 tested its 20-month low early in the week and was
Published 29 Dec, 2018 12:00am
Asif scores hat-trick as DK United wins in Leisure League

Asif scores hat-trick as DK United wins in Leisure League

Mohammad Asif fired three goals to help his team DK United record a convincing 3-0 victory against Arabian FC in Leisure Leagues Season 5 event underway here at Karachi United Football Stadium. Meanwhile in another match of the league, Omar and Abbas scor
Published 29 Dec, 2018 12:00am
Pakistan U-16 squad announced

Pakistan U-16 squad announced

The National Junior Selection Committee headed by Basit Ali has selected 15-member One-Day and T-20 squad of Pakistan Under-16 team for series against Australia Under-16 in the UAE. Umer Eman will lead the side in both One-Day and T-20 series. Pakistan Un
Published 29 Dec, 2018 12:00am
Three more matches decided in district inter-club cricket

Three more matches decided in district inter-club cricket

Three more matches decided in the Peshawar District Inter-Club Cricket Championship being played on different grounds here on Friday. In the matches played on Friday, Malik Sports, Rahat Shaheed and Malik Stars moved to the quarter-finals. In the first ma
Published 29 Dec, 2018 12:00am
Russian rouble steadies in pre-holiday trade as oil rebounds

Russian rouble steadies in pre-holiday trade as oil rebounds

The Russian rouble opened slightly stronger against the dollar on Friday after a recovery in oil prices, which had fallen to their lowest in more than a year earlier this week. After posting a small gain, the rouble stabilised at 69.58 against the dollar
Published 29 Dec, 2018 12:00am
Swiss franc posts biggest weekly rise
Currency

Swiss franc posts biggest weekly rise

Safe-haven currencies like the Japanese yen and the Swiss franc were set for big gains against the dollar on Friday as investors cut positions in risky assets after a volatile week and growing concerns about US-Chinese trade disputes. The Swiss franc in p
Published 29 Dec, 2018 12:00am
Sri Lankan rupee slides to record low versus dollar
Currency

Sri Lankan rupee slides to record low versus dollar

The Sri Lankan rupee on Friday fell to record low against the dollar for a sixth straight session, hurt by relentless capital-outflow pressure as political uncertainty gave investors little incentive to hold local assets. The rupee hit 182.50 on the dolla
Published 29 Dec, 2018 12:00am
Yuan up at three-week high
Currency

Yuan up at three-week high

China's yuan rose to more than a three-week high against the dollar on the last trading session of the year, partly helped by a pledge from authorities to keep the local currency stable. The yuan is still set for an annual loss, reflecting strong deprecia
Published 29 Dec, 2018 12:00am
Yen jumps as investors stay cautious amid volatile stock moves
Currency

Yen jumps as investors stay cautious amid volatile stock moves

The Japanese yen jumped on Friday as investors sought protection against volatile stock moves, while the greenback dipped as stocks ended a dramatic week capped by large price swings. The benchmark S&P 500 tested its 20-month low early in the week and was
Published 29 Dec, 2018 12:00am
Italy Prime Minister defends budget as tempers fray in parliament

Italy Prime Minister defends budget as tempers fray in parliament

Italian Prime Minister Giuseppe Conte on Friday vigorously defended the government's 2019 budget as parliament held an acrimonious debate on the package, which needs to be approved by the end of the year to take effect on Jan. 1. An amended budget was pre
Published 29 Dec, 2018 12:00am
Row in France over Macron ex-bodyguard's diplomatic passports

Row in France over Macron ex-bodyguard's diplomatic passports

Accusations flew in France on Friday between the office of President Emmanuel Macron and his disgraced ex-bodyguard Alexandre Benalla over diplomatic passports he was supposed to hand over when he was sacked. Foreign Minister Jean-Yves Le Drian is set to
Published 29 Dec, 2018 12:00am
Sterling drifts higher before key vote next month
Currency

Sterling drifts higher before key vote next month

Sterling drifted a third of a percent higher on Friday as a generally weak dollar prompted some investors to cut their large bearish bets against the British currency. Against the dollar, the pound rose 0.33 percent to $1.2692. Versus the euro, the pound
Published 29 Dec, 2018 12:00am
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