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Print - 2019-03-03
Iran merging military-linked banks to stabilise sector
Currency

Iran merging military-linked banks to stabilise sector

Iran is merging four military-linked banks and another financial institution with the country''s oldest bank to boost efficiency and help stabilise the sector, the central bank said on Saturday, as the economy reels under U.S. sanctions. Many Iranian bank
Published 03 Mar, 2019 12:00am
Iran merging military-linked banks to stabilise sector
Currency

Iran merging military-linked banks to stabilise sector

Iran is merging four military-linked banks and another financial institution with the country's oldest bank to boost efficiency and help stabilise the sector, the central bank said on Saturday, as the economy reels under U.S. sanctions. Many Iranian banks
Published 03 Mar, 2019 12:00am
Iran merging military-linked banks to stabilise sector
Currency

Iran merging military-linked banks to stabilise sector

Iran is merging four military-linked banks and another financial institution with the country's oldest bank to boost efficiency and help stabilise the sector, the central bank said on Saturday, as the economy reels under U.S. sanctions. Many Iranian banks
Published 03 Mar, 2019 12:00am
Final discussion on New Aviation Policy draft tomorrow

Final discussion on New Aviation Policy draft tomorrow

The New Aviation Policy (NAP) 2019 has been drafted for revival of the aviation sector taking all stakeholders on board and final discussion on the draft will be held tomorrow (Monday). The draft policy is a joint effort of aviation division, Pakistan Civ
Published 03 Mar, 2019 12:00am
Final discussion on New Aviation Policy draft tomorrow

Final discussion on New Aviation Policy draft tomorrow

The New Aviation Policy (NAP) 2019 has been drafted for revival of the aviation sector taking all stakeholders on board and final discussion on the draft will be held tomorrow (Monday). The draft policy is a joint effort of aviation division, Pakistan Civ
Published 03 Mar, 2019 12:00am
Final discussion on New Aviation Policy draft tomorrow

Final discussion on New Aviation Policy draft tomorrow

The New Aviation Policy (NAP) 2019 has been drafted for revival of the aviation sector taking all stakeholders on board and final discussion on the draft will be held tomorrow (Monday). The draft policy is a joint effort of aviation division, Pakistan Civ
Published 03 Mar, 2019 12:00am
US downgrade of Palestinian mission to take effect Monday: official

US downgrade of Palestinian mission to take effect Monday: official

The United States is expected to move ahead with a downgrade of its mission to the Palestinians on Monday by merging its Jerusalem consulate with the embassy to Israel, a US official said Saturday. US Secretary of State Mike Pompeo said when announcing th
Published 03 Mar, 2019 12:00am
US downgrade of Palestinian mission to take effect Monday: official

US downgrade of Palestinian mission to take effect Monday: official

The United States is expected to move ahead with a downgrade of its mission to the Palestinians on Monday by merging its Jerusalem consulate with the embassy to Israel, a US official said Saturday. US Secretary of State Mike Pompeo said when announcing th
Published 03 Mar, 2019 12:00am
Record snowfall hits Ziarat

Record snowfall hits Ziarat

Heavy snowfalls on Saturday in Ziarat broke 10 years record due to which disconnected city's land routes from rest of the country. According to details, Ziarat roads are covered with snow due to which all the land ties have been disconnected from the rest
Published 03 Mar, 2019 12:00am
Record snowfall hits Ziarat

Record snowfall hits Ziarat

Heavy snowfalls on Saturday in Ziarat broke 10 years record due to which disconnected city's land routes from rest of the country. According to details, Ziarat roads are covered with snow due to which all the land ties have been disconnected from the rest
Published 03 Mar, 2019 12:00am
'Yellow vest' protesters back on the streets

'Yellow vest' protesters back on the streets

France's "yellow vest" protesters took to the streets on Saturday, for the 16th straight weekend, some clashing with police who responded with rubber bullets, tear gas and water cannon. By 2:00 pm (1300 GMT) around 5,600 people had joined the protests thr
Published 03 Mar, 2019 12:00am
'Yellow vest' protesters back on the streets

'Yellow vest' protesters back on the streets

France's "yellow vest" protesters took to the streets on Saturday, for the 16th straight weekend, some clashing with police who responded with rubber bullets, tear gas and water cannon. By 2:00 pm (1300 GMT) around 5,600 people had joined the protests thr
Published 03 Mar, 2019 12:00am
Canada launches extradition of top Chinese executive to US

Canada launches extradition of top Chinese executive to US

Canada on Friday launched the extradition of Huawei executive Meng Wanzhou to the United States - the latest move in a case that has roiled relations between the North American neighbors and China. Beijing was quick to react, saying Ottawa's action amount
Published 03 Mar, 2019 12:00am
Canada launches extradition of top Chinese executive to US

Canada launches extradition of top Chinese executive to US

Canada on Friday launched the extradition of Huawei executive Meng Wanzhou to the United States - the latest move in a case that has roiled relations between the North American neighbors and China. Beijing was quick to react, saying Ottawa's action amount
Published 03 Mar, 2019 12:00am
Croatian journalists protest against censorship

Croatian journalists protest against censorship

Several hundred Croatian journalists protested Saturday in the capital Zagreb against a wave of lawsuits filed against them, which they argue amounts to an attempt to censor them. The protest was organised by the Croatian Journalists' Association (HND) to
Published 03 Mar, 2019 12:00am
PIA restores its operations in four cities

PIA restores its operations in four cities

PIA has started with restoration of its normal flight schedule from Karachi, Islamabad, Peshawar and Quetta stations after remaining suspended for four days. PIA has restored its flight operation initially from four cities.
Published 03 Mar, 2019 12:00am
PIA restores its operations in four cities

PIA restores its operations in four cities

PIA has started with restoration of its normal flight schedule from Karachi, Islamabad, Peshawar and Quetta stations after remaining suspended for four days. PIA has restored its flight operation initially from four cities.
Published 03 Mar, 2019 12:00am
PIA restores its operations in four cities

PIA restores its operations in four cities

PIA has started with restoration of its normal flight schedule from Karachi, Islamabad, Peshawar and Quetta stations after remaining suspended for four days. PIA has restored its flight operation initially from four cities.
Published 03 Mar, 2019 12:00am
China says it welcomes delay on US tariff increase

China says it welcomes delay on US tariff increase

China said on Saturday that it welcomed the release of language from the United State Trade Representative''s office (USTR) delaying a scheduled hike in U.S. tariffs on $200 billion worth of Chinese goods. In a statement posted on the website of the Minis
Published 03 Mar, 2019 12:00am
China says it welcomes delay on US tariff increase

China says it welcomes delay on US tariff increase

China said on Saturday that it welcomed the release of language from the United State Trade Representative's office (USTR) delaying a scheduled hike in U.S. tariffs on $200 billion worth of Chinese goods. In a statement posted on the website of the Minist
Published 03 Mar, 2019 12:00am
China says it welcomes delay on US tariff increase

China says it welcomes delay on US tariff increase

China said on Saturday that it welcomed the release of language from the United State Trade Representative's office (USTR) delaying a scheduled hike in U.S. tariffs on $200 billion worth of Chinese goods. In a statement posted on the website of the Minist
Published 03 Mar, 2019 12:00am
Trademarks, patents: IPO Pakistan set to increase processing fee

Trademarks, patents: IPO Pakistan set to increase processing fee

The Intellectual Property Organisation (IPO) Pakistan is all set to increase processing fee for trademarks, patents and copyrights cases, official sources told Business Recorder. IPO (Pakistan) was established as an umbrella autonomous organisation
Published 03 Mar, 2019 12:00am
Trademarks, patents: IPO Pakistan set to increase processing fee

Trademarks, patents: IPO Pakistan set to increase processing fee

The Intellectual Property Organisation (IPO) Pakistan is all set to increase processing fee for trademarks, patents and copyrights cases, official sources told Business Recorder. IPO (Pakistan) was established as an umbrella autonomous organisation
Published 03 Mar, 2019 12:00am
Trademarks, patents: IPO Pakistan set to increase processing fee

Trademarks, patents: IPO Pakistan set to increase processing fee

The Intellectual Property Organisation (IPO) Pakistan is all set to increase processing fee for trademarks, patents and copyrights cases, official sources told Business Recorder. IPO (Pakistan) was established as an umbrella autonomous organisation
Published 03 Mar, 2019 12:00am
India hands over body of Shakirullah to Pakistan

India hands over body of Shakirullah to Pakistan

The dead body of the Pakistani prisoner, Shakirullah who was stoned to death by other inmates in Rajasthan's Jaipur Central Jail mid last month, has been handed over to Pakistan Rangers at the Wagah Border on Saturday. The murder of the Pakistani inmate h
Published 03 Mar, 2019 12:00am
India hands over body of Shakirullah to Pakistan

India hands over body of Shakirullah to Pakistan

The dead body of the Pakistani prisoner, Shakirullah who was stoned to death by other inmates in Rajasthan's Jaipur Central Jail mid last month, has been handed over to Pakistan Rangers at the Wagah Border on Saturday. The murder of the Pakistani inmate h
Published 03 Mar, 2019 12:00am
Decision to release Indian pilot was PM's initiative: Qureshi

Decision to release Indian pilot was PM's initiative: Qureshi

Terming the decision to release the Indian Air Force pilot Wing Commander Abhinandan as an initiative of Prime Minister Imran Khan, Foreign Minister Shah Mahmood Qureshi Saturday made it clear that there was no international pressure whatsoever in this re
Published 03 Mar, 2019 12:00am
Decision to release Indian pilot was PM's initiative: Qureshi

Decision to release Indian pilot was PM's initiative: Qureshi

Terming the decision to release the Indian Air Force pilot Wing Commander Abhinandan as an initiative of Prime Minister Imran Khan, Foreign Minister Shah Mahmood Qureshi Saturday made it clear that there was no international pressure whatsoever in this re
Published 03 Mar, 2019 12:00am
People sign petition seeking Nobel Peace Prize for PM

People sign petition seeking Nobel Peace Prize for PM

More than 300,000 people have signed online petitions calling for Pakistan Prime Minister Imran Khan to receive a Nobel Peace Prize after he freed an Indian pilot in a bid to defuse tensions with his country's arch-rival neighbour.
Published 03 Mar, 2019 12:00am
People sign petition seeking Nobel Peace Prize for PM

People sign petition seeking Nobel Peace Prize for PM

More than 300,000 people have signed online petitions calling for Pakistan Prime Minister Imran Khan to receive a Nobel Peace Prize after he freed an Indian pilot in a bid to defuse tensions with his country's arch-rival neighbour.
Published 03 Mar, 2019 12:00am
OIC reaffirms support for Kashmiri people

OIC reaffirms support for Kashmiri people

The OIC Ministerial meeting that has concluded in Abu Dhabi reaffirmed its unwavering support for the Kashmiri people in their just cause. In a resolution adopted by the 46th session of the Council of Foreign Ministers (CFM), the OIC member states reitera
Published 03 Mar, 2019 12:00am
OIC reaffirms support for Kashmiri people

OIC reaffirms support for Kashmiri people

The OIC Ministerial meeting that has concluded in Abu Dhabi reaffirmed its unwavering support for the Kashmiri people in their just cause. In a resolution adopted by the 46th session of the Council of Foreign Ministers (CFM), the OIC member states reitera
Published 03 Mar, 2019 12:00am
Saudi foreign minister postpones visits

Saudi foreign minister postpones visits

Saudi Minister of State for Foreign Affairs Adel Al-Jubeir has postponed his visits to Pakistan and India due to the reluctance of the Modi administration to engage in dialogue. Diplomatic sources told Business Recorder that while efforts are under
Published 03 Mar, 2019 12:00am
Saudi foreign minister postpones visits

Saudi foreign minister postpones visits

Saudi Minister of State for Foreign Affairs Adel Al-Jubeir has postponed his visits to Pakistan and India due to the reluctance of the Modi administration to engage in dialogue. Diplomatic sources told Business Recorder that while efforts are under
Published 03 Mar, 2019 12:00am
India's growing belligerence: two soldiers among four Martyred

India's growing belligerence: two soldiers among four Martyred

Two Pakistan Army soldiers were among four persons martyred as Indian forces conducted unprovoked firing along the Line of Control (LoC) on Saturday. The soldiers were martyred in the Nakiyal Sector in exchange of fire while targeting Indian posts underta
Published 03 Mar, 2019 12:00am
India's growing belligerence: two soldiers among four Martyred

India's growing belligerence: two soldiers among four Martyred

Two Pakistan Army soldiers were among four persons martyred as Indian forces conducted unprovoked firing along the Line of Control (LoC) on Saturday. The soldiers were martyred in the Nakiyal Sector in exchange of fire while targeting Indian posts underta
Published 03 Mar, 2019 12:00am
Envoy slams UK ''smear campaign'' against US agriculture

Envoy slams UK ''smear campaign'' against US agriculture

The US ambassador to Britain on Saturday denounced a "smear campaign" against American agriculture as Washington and London try to pave the way to a post-Brexit trade deal. Woody Johnson said Britons were being fed "inflammatory and misleading terms" such
Published 03 Mar, 2019 12:00am
Envoy slams UK 'smear campaign' against US agriculture

Envoy slams UK 'smear campaign' against US agriculture

The US ambassador to Britain on Saturday denounced a "smear campaign" against American agriculture as Washington and London try to pave the way to a post-Brexit trade deal. Woody Johnson said Britons were being fed "inflammatory and misleading terms" such
Published 03 Mar, 2019 12:00am
Envoy slams UK 'smear campaign' against US agriculture

Envoy slams UK 'smear campaign' against US agriculture

The US ambassador to Britain on Saturday denounced a "smear campaign" against American agriculture as Washington and London try to pave the way to a post-Brexit trade deal. Woody Johnson said Britons were being fed "inflammatory and misleading terms" such
Published 03 Mar, 2019 12:00am
EU ready to give UK more guarantees on Brexit: Barnier

EU ready to give UK more guarantees on Brexit: Barnier

The European Union is prepared to give Britain further Brexit guarantees to help a divorce deal through the British parliament, the bloc's chief negotiator Michel Barnier said in an interview published Saturday. "We can find guarantees to confirm, clarify
Published 03 Mar, 2019 12:00am
EU ready to give UK more guarantees on Brexit: Barnier

EU ready to give UK more guarantees on Brexit: Barnier

The European Union is prepared to give Britain further Brexit guarantees to help a divorce deal through the British parliament, the bloc's chief negotiator Michel Barnier said in an interview published Saturday. "We can find guarantees to confirm, clarify
Published 03 Mar, 2019 12:00am
SECP, CCP for setting up of ''Real Estate Regulatory Authority''

SECP, CCP for setting up of ''Real Estate Regulatory Authority''

The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) and Competition Commission of Pakistan (CCP) have recommended establishment of ''Real Estate Regulatory Authority'' to work as a regulatory body to coord
Published 03 Mar, 2019 12:00am
SECP, CCP for setting up of 'Real Estate Regulatory Authority'

SECP, CCP for setting up of 'Real Estate Regulatory Authority'

The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) and Competition Commission of Pakistan (CCP) have recommended establishment of 'Real Estate Regulatory Authority' to work as a regulatory body to coordin
Published 03 Mar, 2019 12:00am
SECP, CCP for setting up of 'Real Estate Regulatory Authority'

SECP, CCP for setting up of 'Real Estate Regulatory Authority'

The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) and Competition Commission of Pakistan (CCP) have recommended establishment of 'Real Estate Regulatory Authority' to work as a regulatory body to coordin
Published 03 Mar, 2019 12:00am
SpaceX astronaut capsule successfully launched on ISS test mission

SpaceX astronaut capsule successfully launched on ISS test mission

SpaceX celebrated the successful launch Saturday of a new astronaut capsule on a week-long round trip to the International Space Station - a key step towards resuming manned space flights from US soil after an eight-year break. This time around, the only
Published 03 Mar, 2019 12:00am
SpaceX astronaut capsule successfully launched on ISS test mission

SpaceX astronaut capsule successfully launched on ISS test mission

SpaceX celebrated the successful launch Saturday of a new astronaut capsule on a week-long round trip to the International Space Station - a key step towards resuming manned space flights from US soil after an eight-year break. This time around, the only
Published 03 Mar, 2019 12:00am
NAB team inspects Durrani's bank lockers

NAB team inspects Durrani's bank lockers

A team of the National Accountability Bureau checked the bank lockers of Sindh Assembly Speaker Agha Siraj Durrani after the court's orders, Aaj News reported on Saturday. Aaj News reported that three lockers of a private bank were inspected in the presen
Published 03 Mar, 2019 12:00am
NAB team inspects Durrani's bank lockers

NAB team inspects Durrani's bank lockers

A team of the National Accountability Bureau checked the bank lockers of Sindh Assembly Speaker Agha Siraj Durrani after the court's orders, Aaj News reported on Saturday. Aaj News reported that three lockers of a private bank were inspected in the presen
Published 03 Mar, 2019 12:00am
YOUR RUPEE LAST MONTH
Currency

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (January 02 to 31 2019)

Published 03 Mar, 2019 12:00am
The Weather

The Weather

The weather report on Saturday (March 02, 2019) and the forecast for Sunday (March 03, 2019).

Published 03 Mar, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 02, 2019).

Published 03 Mar, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 02, 2019).

Published 03 Mar, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 02, 2019)

Published 03 Mar, 2019 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 02, 2019).

Published 03 Mar, 2019 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 02, 2019).

Published 03 Mar, 2019 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 02, 2019).

Published 03 Mar, 2019 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 02, 2019).

Published 03 Mar, 2019 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the local currency market on Saturday as the rupee did not budge any side against the dollar in process of trading activity, dealers said.
Published 03 Mar, 2019 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the local currency market on Saturday as the rupee did not budge any side against the dollar in process of trading activity, dealers said.
Published 03 Mar, 2019 12:00am
Kane at the double in New Zealand's record 715-6 against Bangladesh

Kane at the double in New Zealand's record 715-6 against Bangladesh

New Zealand's first innings record 715 for six, including a double century from skipper Kane Williamson, put them in total control of the first Test against Bangladesh after three days on Saturday. The hosts breached the 700 barrier for the first time on
Published 03 Mar, 2019 12:00am
Jadhav, Dhoni put India 1-0 up against Australia

Jadhav, Dhoni put India 1-0 up against Australia

Kedar Jadhav Saturday said batting with Mahendra Singh Dhoni is a learning experience after the duo led India to a six-wicket win over Australia in the first one-day international. Jadhav, top-scoring with 81, and Dhoni, batting on 59, put on an unbeaten
Published 03 Mar, 2019 12:00am
Master Paints Black earn victory in Open Polo

Master Paints Black earn victory in Open Polo

Ahmed Ali Tiwana steered Master Paints Black to a thumping 10-4 triumph over Barry's in the International Steels National Open Polo Championship for Quaid-e-Azam Gold Cup 2019 match played here at Lahore Polo Club ground on Saturday.
Published 03 Mar, 2019 12:00am
PSL's new talent to boost Pakistan cricket, says Danny Morrison

PSL's new talent to boost Pakistan cricket, says Danny Morrison

Former New Zealand cricketer and commentator Danny Morrison has said the new and emerging talent from Pakistan Super League (PSL) will boost Pakistan cricket. "When you have got all these franchise T20 leagues, a lot of the people like to look at the supe
Published 03 Mar, 2019 12:00am
Federer wins 'special' 100th title

Federer wins 'special' 100th title

Roger Federer wrote another "special" page of history as he defeated Stefanos Tsitsipas 6-4, 6-4 on Saturday at the Dubai Championships to win the 100th title of his career. The 20-time Grand Slam winner claimed a record eighth trophy at the Aviation Club
Published 03 Mar, 2019 12:00am
Dry conditions to curb Australia's wheat crop for third year

Dry conditions to curb Australia's wheat crop for third year

Dry conditions for up to six months in parts of Australia's east coast are set to curb wheat crop yields for a third straight year in the world's No.4 exporter of the grain, a private US-based weather forecaster said on Wednesday. Australia has been grapp
Published 03 Mar, 2019 12:00am
Cotton futures hit one-week high
Cotton

Cotton futures hit one-week high

ICE cotton futures climbed more than 1 percent on Friday to a one-week high, lifted by optimism over a possible trade deal between the United States and China, and fund buying. The most active cotton contract on ICE Futures US, the May contract, settled u
Published 03 Mar, 2019 12:00am
Global sugar surplus forecast for 2018-19 revised down

Global sugar surplus forecast for 2018-19 revised down

The global sugar surplus is expected to be 641,000 tonnes in the 2018/19 season, down from a previous forecast of 2.17 million, the International Sugar Organization (ISO) said on Thursday. The inter-governmental body said the smaller surplus was mainly du
Published 03 Mar, 2019 12:00am
Russia says no grain export curbs planned

Russia says no grain export curbs planned

Russia, the world's largest wheat exporter, does not plan to impose restrictions on grain exports, the Agriculture Ministry said on Wednesday, dismissing as untrue media reports that it had set quotas on exports for traders.
Published 03 Mar, 2019 12:00am
Cotton yarn demand improves ahead of PCGA report
Cotton

Cotton yarn demand improves ahead of PCGA report

Demand for yarn improved on the cotton market on Saturday ahead of the Pakistan Cotton Ginners Association (PCGA) fortnightly report, dealers said. The official spot rate unchanged at Rs 8,600, they added. In the ready session, only 400 bales of cotton fi
Published 03 Mar, 2019 12:00am
European gasoline margin firmer

European gasoline margin firmer

The Northwest European gasoline refining margin firmed on Thursday on Asian and US demand mopping up some oversupply in the region, while seasonal refinery maintenance and some plant recalibrations to reduce output also helped to boost prices. Two small c
Published 03 Mar, 2019 12:00am
Vietnam's January-February coffee exports seen down

Vietnam's January-February coffee exports seen down

Vietnam's coffee exports in January and February are expected to fall 19.6 percent from a year earlier to 284,000 tonnes, while rice exports will likely decline 4.9 percent, government data showed on Thursday. Coffee export revenue for Vietnam, the world'
Published 03 Mar, 2019 12:00am
CBOT corn futures fall

CBOT corn futures fall

Chicago Board of Trade (CBOT) corn futures fell for a fourth consecutive session on Thursday, dropping to a fresh five-month low as heavy deliveries against the March contract pressured prices.
Published 03 Mar, 2019 12:00am
HKEX sets profit record

HKEX sets profit record

Hong Kong's stock exchange operator on Wednesday said 2018 profit surged 26 percent to a record high, meeting expectations, boosted by fees from a number of mega IPOs in the first part of the year as well as clearing fees and strong trading. Net profit re
Published 03 Mar, 2019 12:00am
After recent surge, US stocks to make only small gains this year

After recent surge, US stocks to make only small gains this year

US stocks will rack up only modest gains this year on top of a surge in recent months as a weakening profit outlook reins in market bulls, according to a Reuters poll of strategists. The benchmark S&P 500 index will end 2019 at 2,900, up around 3.8 percen
Published 03 Mar, 2019 12:00am
Wall Street rises as trade optimism counters weak data

Wall Street rises as trade optimism counters weak data

The S&P 500 and the Dow Jones Industrial Average snapped a three-day run of losses on Friday as optimism about the prospects for a US-China trade agreement countered downbeat US and China manufacturing data. The Nasdaq meanwhile marked its longest streak
Published 03 Mar, 2019 12:00am
Ethereum faces software 'fork'; lower supply seen
Currency

Ethereum faces software 'fork'; lower supply seen

Ethereum, the world's second biggest cryptocurrency, was set on Thursday for major software upgrades that traders and analysts predicted would significantly reduce its supply. Ethereum is upgrading its network to cut the costs and complexity of interactio
Published 03 Mar, 2019 12:00am
Canadian dollar slips
Currency

Canadian dollar slips

The Canadian dollar closed lower against its US counterpart on Friday, after news that Canada's economy grew at a slower-than-forecast pace in the fourth quarter lowered expectations the Bank of Canada would raise interest rates any time soon.
Published 03 Mar, 2019 12:00am
German carmakers to invest $68 billion in electric cars and automation

German carmakers to invest $68 billion in electric cars and automation

Germany's car industry is to invest nearly 60 billion euros ($68 billion) over the next three years on electric cars and automated driving, the head of the VDA car industry association said ahead of the Geneva motor show. "We will invest over 40 billion e
Published 03 Mar, 2019 12:00am
Erdogan says Turkey will cut inflation rate to 6-7 percent

Erdogan says Turkey will cut inflation rate to 6-7 percent

Turkish President Tayyip Erdogan said on Saturday Turkey's inflation rate would fall to 6 or 7 percent from the current 19-20 percent but did not clarify how he aims to reach the goal. Delivering an election campaign speech in the northeastern city of Riz
Published 03 Mar, 2019 12:00am
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