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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-04-15
PSX no exception, either

PSX no exception, either

Stock markets around the world reflect a constant struggle between fear and hope. Pakistan Stock Exchange (PSX) is no exception, either. Recent movement at the PSX conveys the perception that the country's economy is fragile. For some, it also reflects th
Updated 15 Apr, 2019 07:04am
Bomb defused near Jungshahi railway station

Bomb defused near Jungshahi railway station

Authorities found and defused a bomb planted on a rail track near the Jungshahi railway station in Thatta on Sunday, averting a possible targeted attack on the trains scheduled to run on the route. The bomb was discovered on a train track leading to Karac
Published 15 Apr, 2019 12:00am
Bomb defused near Jungshahi railway station

Bomb defused near Jungshahi railway station

Authorities found and defused a bomb planted on a rail track near the Jungshahi railway station in Thatta on Sunday, averting a possible targeted attack on the trains scheduled to run on the route. The bomb was discovered on a train track leading to Karac
Published 15 Apr, 2019 12:00am
Fertilizer price mechanism to be reviewed

Fertilizer price mechanism to be reviewed

The federal government has decided to review fertilizer price mechanism after witnessing current "unjustified" increase in urea prices by the local fertilizer industry which is already making huge profits, sources close to Secretary Industries and Product
Published 15 Apr, 2019 12:00am
Fertilizer price mechanism to be reviewed

Fertilizer price mechanism to be reviewed

The federal government has decided to review fertilizer price mechanism after witnessing current "unjustified" increase in urea prices by the local fertilizer industry which is already making huge profits, sources close to Secretary Industries and Product
Published 15 Apr, 2019 12:00am
Fertilizer price mechanism to be reviewed

Fertilizer price mechanism to be reviewed

The federal government has decided to review fertilizer price mechanism after witnessing current "unjustified" increase in urea prices by the local fertilizer industry which is already making huge profits, sources close to Secretary Industries and Product
Published 15 Apr, 2019 12:00am
Israel arrests Palestinian governor of Jerusalem

Israel arrests Palestinian governor of Jerusalem

Israeli police arrested the Palestinian governor of Jerusalem on Sunday after he allegedly violated an order previously given to him by authorities, police and his lawyer said. The governor, Adnan Gheith, has been arrested several times in recent months i
Published 15 Apr, 2019 12:00am
Israel arrests Palestinian governor of Jerusalem

Israel arrests Palestinian governor of Jerusalem

Israeli police arrested the Palestinian governor of Jerusalem on Sunday after he allegedly violated an order previously given to him by authorities, police and his lawyer said. The governor, Adnan Gheith, has been arrested several times in recent months i
Published 15 Apr, 2019 12:00am
Facebook, Instagram, WhatsApp hit by outages

Facebook, Instagram, WhatsApp hit by outages

Facebook Inc''s social networking site, photo-sharing social network Instagram and messaging app WhatsApp were inaccessible to some users on Sunday, downdetector.com, which monitors outages, showed. Downdetector.com indicated that there were more than 12,
Published 15 Apr, 2019 12:00am
Facebook, Instagram, WhatsApp hit by outages

Facebook, Instagram, WhatsApp hit by outages

Facebook Inc's social networking site, photo-sharing social network Instagram and messaging app WhatsApp were inaccessible to some users on Sunday, downdetector.com, which monitors outages, showed. Downdetector.com indicated that there were more than 12,0
Published 15 Apr, 2019 12:00am
Facebook, Instagram, WhatsApp hit by outages

Facebook, Instagram, WhatsApp hit by outages

Facebook Inc's social networking site, photo-sharing social network Instagram and messaging app WhatsApp were inaccessible to some users on Sunday, downdetector.com, which monitors outages, showed. Downdetector.com indicated that there were more than 12,0
Published 15 Apr, 2019 12:00am
US, Japan kick off trade talks amid China deal optimism
Currency

US, Japan kick off trade talks amid China deal optimism

As optimism grows that the United States and China are nearing a trade deal, Japan kicks off its own negotiations with Washington from Monday, hoping to resolve some of the issues "very quickly." US Trade Representative Robert Lighthizer and Japan''s Econ
Published 15 Apr, 2019 12:00am
US, Japan kick off trade talks amid China deal optimism
Currency

US, Japan kick off trade talks amid China deal optimism

As optimism grows that the United States and China are nearing a trade deal, Japan kicks off its own negotiations with Washington from Monday, hoping to resolve some of the issues "very quickly." US Trade Representative Robert Lighthizer and Japan's Econo
Published 15 Apr, 2019 12:00am
US, Japan kick off trade talks amid China deal optimism
Currency

US, Japan kick off trade talks amid China deal optimism

As optimism grows that the United States and China are nearing a trade deal, Japan kicks off its own negotiations with Washington from Monday, hoping to resolve some of the issues "very quickly." US Trade Representative Robert Lighthizer and Japan's Econo
Published 15 Apr, 2019 12:00am
Sisi meets Libyan strongman Haftar in Cairo

Sisi meets Libyan strongman Haftar in Cairo

Egyptian President Abdel Fattah al-Sisi met Sunday with Libyan commander Khalifa Haftar, whose forces are fighting for control of the capital Tripoli, the presidency said. "The president (Sisi) affirmed Egypt's support in efforts to fight terrorism and ex
Published 15 Apr, 2019 12:00am
Sisi meets Libyan strongman Haftar in Cairo

Sisi meets Libyan strongman Haftar in Cairo

Egyptian President Abdel Fattah al-Sisi met Sunday with Libyan commander Khalifa Haftar, whose forces are fighting for control of the capital Tripoli, the presidency said. "The president (Sisi) affirmed Egypt's support in efforts to fight terrorism and ex
Published 15 Apr, 2019 12:00am
Dagha made SLIC BoD chief for three months

Dagha made SLIC BoD chief for three months

The Federal Cabinet has appointed Secretary Finance, Younus Dagha as Chairman Board of Directors (BoD) of State Life Insurance Corporation (SLIC) for another three months, official sources told Business Recorder. SLIC was constituted under the Life
Published 15 Apr, 2019 12:00am
Dagha made SLIC BoD chief for three months

Dagha made SLIC BoD chief for three months

The Federal Cabinet has appointed Secretary Finance, Younus Dagha as Chairman Board of Directors (BoD) of State Life Insurance Corporation (SLIC) for another three months, official sources told Business Recorder. SLIC was constituted under the Life
Published 15 Apr, 2019 12:00am
Dagha made SLIC BoD chief for three months

Dagha made SLIC BoD chief for three months

The Federal Cabinet has appointed Secretary Finance, Younus Dagha as Chairman Board of Directors (BoD) of State Life Insurance Corporation (SLIC) for another three months, official sources told Business Recorder. SLIC was constituted under the Life
Published 15 Apr, 2019 12:00am
UKPCCI team meets Vice Chairperson OPC

UKPCCI team meets Vice Chairperson OPC

UK Pakistan Chamber of Commerce and Industry (UKPCCI) delegation comprised of 15 members under the leadership of its President Amjad Khan called on Vice Chairperson Overseas Pakistanis Commission (OPC) Punjab Ch Waseem Akhtar, here on Sunday.
Published 15 Apr, 2019 12:00am
Assange will cooperate with Sweden, but fight US warrant: lawyer

Assange will cooperate with Sweden, but fight US warrant: lawyer

Julian Assange would cooperate with Swedish authorities if they reopen a rape case against him but will continue to resist any bid to extradite him to the United States, his lawyer said Sunday. "We are absolutely happy to answer those queries if and when
Published 15 Apr, 2019 12:00am
Assange will cooperate with Sweden, but fight US warrant: lawyer

Assange will cooperate with Sweden, but fight US warrant: lawyer

Julian Assange would cooperate with Swedish authorities if they reopen a rape case against him but will continue to resist any bid to extradite him to the United States, his lawyer said Sunday. "We are absolutely happy to answer those queries if and when
Published 15 Apr, 2019 12:00am
Weather system to intensify, bring more rains to Balochistan, KP

Weather system to intensify, bring more rains to Balochistan, KP

A shallow westerly wave is presently affecting upper and central parts of the country as this weather system is likely to intensify today and grip most parts of the country on Monday. According to the Pakistan Meteorological Department (Met), the new weat
Published 15 Apr, 2019 12:00am
Futures spread down by 776 basis points

Futures spread down by 776 basis points

The futures spread declined by 776bps to 1.07 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 63.1 percent to 46.18 million shares. The average daily trading value incr
Published 15 Apr, 2019 12:00am
Futures spread down by 776 basis points

Futures spread down by 776 basis points

The futures spread declined by 776bps to 1.07 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 63.1 percent to 46.18 million shares. The average daily trading value incr
Published 15 Apr, 2019 12:00am
Index remains under pressure

Index remains under pressure

Pakistan Stock Exchange remained under pressure during the outgoing week ended on April 12, 2019 due to selling in various sectors. BRIndex100 lost 19.62 points on week-on-week basis to close at 3,921.17 points with average daily volumes of 122.653 millio
Published 15 Apr, 2019 12:00am
Index remains under pressure

Index remains under pressure

Pakistan Stock Exchange remained under pressure during the outgoing week ended on April 12, 2019 due to selling in various sectors. BRIndex100 lost 19.62 points on week-on-week basis to close at 3,921.17 points with average daily volumes of 122.653 millio
Published 15 Apr, 2019 12:00am
Index remains under pressure

Index remains under pressure

Pakistan Stock Exchange remained under pressure during the outgoing week ended on April 12, 2019 due to selling in various sectors. BRIndex100 lost 19.62 points on week-on-week basis to close at 3,921.17 points with average daily volumes of 122.653 millio
Published 15 Apr, 2019 12:00am
Cabinet will approve wheat procurement, export policies tomorrow

Cabinet will approve wheat procurement, export policies tomorrow

The Federal Cabinet, which is scheduled to meet on Tuesday (tomorrow) with Prime Minister, Imran Khan, in the chair will accord approval to wheat procurement and export policies for 2019. Though provincial governments have already announced their wheat pr
Published 15 Apr, 2019 12:00am
Cabinet will approve wheat procurement, export policies tomorrow

Cabinet will approve wheat procurement, export policies tomorrow

The Federal Cabinet, which is scheduled to meet on Tuesday (tomorrow) with Prime Minister, Imran Khan, in the chair will accord approval to wheat procurement and export policies for 2019. Though provincial governments have already announced their wheat pr
Published 15 Apr, 2019 12:00am
Cabinet will approve wheat procurement, export policies tomorrow

Cabinet will approve wheat procurement, export policies tomorrow

The Federal Cabinet, which is scheduled to meet on Tuesday (tomorrow) with Prime Minister, Imran Khan, in the chair will accord approval to wheat procurement and export policies for 2019. Though provincial governments have already announced their wheat pr
Published 15 Apr, 2019 12:00am
Ban on furnace oil import may be removed

Ban on furnace oil import may be removed

The Cabinet Committee on Energy (CCoE) is likely to lift ban on import of furnace oil to meet power sector demand during the summer months after imposing ban on the demand of local refineries, sources close to Petroleum Minister told Business Recorder<
Published 15 Apr, 2019 12:00am
Ban on furnace oil import may be removed

Ban on furnace oil import may be removed

The Cabinet Committee on Energy (CCoE) is likely to lift ban on import of furnace oil to meet power sector demand during the summer months after imposing ban on the demand of local refineries, sources close to Petroleum Minister told Business Recorder<
Published 15 Apr, 2019 12:00am
Ban on furnace oil import may be removed

Ban on furnace oil import may be removed

The Cabinet Committee on Energy (CCoE) is likely to lift ban on import of furnace oil to meet power sector demand during the summer months after imposing ban on the demand of local refineries, sources close to Petroleum Minister told Business Recorder<
Published 15 Apr, 2019 12:00am
Fawad steps up criticism of Sharifs, Zardari

Fawad steps up criticism of Sharifs, Zardari

Minister for Information & Broadcasting Fawad Chaudhry has held the Sharifs and the Zardaris, the two top political families of the country, responsible for committing corruption that led the country to present staggering economic conditions. Chaudhry sai
Published 15 Apr, 2019 12:00am
Fawad steps up criticism of Sharifs, Zardari

Fawad steps up criticism of Sharifs, Zardari

Minister for Information & Broadcasting Fawad Chaudhry has held the Sharifs and the Zardaris, the two top political families of the country, responsible for committing corruption that led the country to present staggering economic conditions. Chaudhry sai
Published 15 Apr, 2019 12:00am
''Money launderers'' behave with indignation when questioned: PM

''Money launderers'' behave with indignation when questioned: PM

Prime Minister Imran Khan has said that truth of saying of French economist Frédéric Bastiat is reflected clearly in the way money launderers are treated and the way they behave with indignation when questioned. Prime Minister Imran Khan said this on Sund
Published 15 Apr, 2019 12:00am
'Money launderers' behave with indignation when questioned: PM

'Money launderers' behave with indignation when questioned: PM

Prime Minister Imran Khan has said that truth of saying of French economist Frédéric Bastiat is reflected clearly in the way money launderers are treated and the way they behave with indignation when questioned. Prime Minister Imran Khan said this on Sund
Published 15 Apr, 2019 12:00am
'Money launderers' behave with indignation when questioned: PM

'Money launderers' behave with indignation when questioned: PM

Prime Minister Imran Khan has said that truth of saying of French economist Frédéric Bastiat is reflected clearly in the way money launderers are treated and the way they behave with indignation when questioned. Prime Minister Imran Khan said this on Sund
Published 15 Apr, 2019 12:00am
THE RUPEE: marginal fall
Currency

THE RUPEE: marginal fall

The rupee fluctuated modestly in relation to the dollar during the week, ended on April 13, 2019. The rupee managed to hold present levels in terms of the dollar for buying and selling at Rs 141.39 and Rs 141.40.
Published 15 Apr, 2019 12:00am
THE RUPEE: marginal fall
Currency

THE RUPEE: marginal fall

The rupee fluctuated modestly in relation to the dollar during the week, ended on April 13, 2019. The rupee managed to hold present levels in terms of the dollar for buying and selling at Rs 141.39 and Rs 141.40.
Published 15 Apr, 2019 12:00am
Modi says India 'undermined' nuclear threat

Modi says India 'undermined' nuclear threat

Prime Mini-ster Narendra Modi lost his marbles after he said Sunday that India had called Pakistan's nuclear "bluff" in recent cross-border air strikes that almost triggered a new war between the rivals. Modi and his Hindu nationalist Bharatiya Janata Par
Published 15 Apr, 2019 12:00am
Modi says India 'undermined' nuclear threat

Modi says India 'undermined' nuclear threat

Prime Mini-ster Narendra Modi lost his marbles after he said Sunday that India had called Pakistan's nuclear "bluff" in recent cross-border air strikes that almost triggered a new war between the rivals. Modi and his Hindu nationalist Bharatiya Janata Par
Published 15 Apr, 2019 12:00am
The Weather

The Weather

The weather report on Sunday (April 14, 2019) and the forecast for Monday (April 15, 2019).

Published 15 Apr, 2019 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 8 to 12 2019).

Published 15 Apr, 2019 12:00am
Hamilton wins 1,000th Formula One grand prix

Hamilton wins 1,000th Formula One grand prix

Lewis Hamilton said that he "redeemed" himself with a lightning start to win the 1,000th Formula One grand prix on Sunday in a blustery Shanghai. Hamilton started from second on the grid but grabbed the lead from Mercedes team-mate Valtteri Bottas on the
Published 15 Apr, 2019 12:00am
Media Spring Sports Festival opens

Media Spring Sports Festival opens

A week-long Nazim Peshawar Media Spring Sports Festival got under way here at historical Tehmas Khan Football Stadium here on Sunday. Nazim Peshawar Muhammad Asim Khan was the chief guest on this occasion who formally inaugurated the Festival.
Published 15 Apr, 2019 12:00am
Momota wins Singapore Open title

Momota wins Singapore Open title

Japan's Kento Momota withstood a barrage of smashes from Indonesia's Anthony Sinisuka Ginting to rally for a thrilling 10-21 21-19 21-13 victory Sunday in the Singapore Open final. The world champion struggled to contain his powerful Indonesian opponent,
Published 15 Apr, 2019 12:00am
National Red Crescent Women Squash from April 17

National Red Crescent Women Squash from April 17

The third edition of the National Red Crescent Women Squash Championship will be commencing from April 17, 2019 here at PAF Hashim Khan Squash Complex. According to Secretary General Munawar Zaman here Sunday said preparation in this connection for the sm
Published 15 Apr, 2019 12:00am
Ethiopia sweeps Paris marathon, Calvin smashes French record

Ethiopia sweeps Paris marathon, Calvin smashes French record

Ethiopian Abrha Milaw upstaged two-time defending champion Paul Lonyangata to win the Paris Marathon on Sunday. Milaw clocked 2hr 07min 05sec, with Kenyan rival Lonyangata coming in third as 49,155 runners took to the streets of the French capital in cold
Published 15 Apr, 2019 12:00am
South African league game abandoned after pitch invasion

South African league game abandoned after pitch invasion

South African police fired rubber bullets and stun grenades Sunday to disperse a crowd who invaded the pitch and forced the abandonment of a national league match in Bloemfontein. Authorities said there were no reports of casualties after a Premiership fi
Published 15 Apr, 2019 12:00am
Infantino urges Kuwait to host 2022 World Cup matches

Infantino urges Kuwait to host 2022 World Cup matches

FIFA president Gianni Infantino met Kuwait's emir Sunday, state media said, amid reports the Gulf state is in talks to host matches to support Qatar during the 2022 World Cup. Kuwaiti ruler Sheikh Sabah al-Ahmed Al-Sabah and the head of the country's spor
Published 15 Apr, 2019 12:00am
Thiem confirms split with coach

Thiem confirms split with coach

Dominic Thiem confirmed on Sunday's opening day of the Monte Carlo Masters that he has all but split from longtime coach Gunter Bresnik. The 26-year-old who played the 2018 French Open final against Rafael Nadal and won the Indian Wells Masters title on h
Published 15 Apr, 2019 12:00am
Nishikori tips Federer for clay comeback success

Nishikori tips Federer for clay comeback success

Roger Federer may not be playing at the Monte Carlo Masters but the Swiss legend was still at the forefront of 2018 finalist Key Nishikori's thoughts on Sunday. "Everything is possible (for Federer)," Asia's top player predicted. Federer is due for a retu
Published 15 Apr, 2019 12:00am
Tiger wins 15th major title

Tiger wins 15th major title

Tiger Woods won the 83rd Masters on Sunday, capturing his 15th major title to cement an epic return from scandal and injuries that once threatened his career. Ending an 11-year major drought, the 43-year-old American superstar - who underwent spinal fusio
Published 15 Apr, 2019 12:00am
Sterling hits double

Sterling hits double

Manchester City eased back to the top of the Premier League as Raheem Sterling struck twice to beat Crystal Palace 3-1 at Selhurst Park on Sunday. The English champions move a point ahead of Liverpool, who host Chelsea at Anfield later on Sunday, with fiv
Published 15 Apr, 2019 12:00am
Djokovic quietly confident for Monte Carlo

Djokovic quietly confident for Monte Carlo

Novak Djokovic said on Sunday he is working to ensure that last month's sub-par hardcourt performances do not affect his seasonal bow on clay in Monte Carlo. The world number one kicks off at his home event starting in the second round against either Phil
Published 15 Apr, 2019 12:00am
Liverpool back on top as Salah stunner kills off Chelsea

Liverpool back on top as Salah stunner kills off Chelsea

Liverpool powered back to the top of the Premier League after Mohamed Salah's stunning strike clinched a 2-0 win over Chelsea on Sunday. Jurgen Klopp's side had surrendered pole position a few hours earlier when Manchester City won 3-1 at Crystal Palace,
Published 15 Apr, 2019 12:00am
Clues emerge in 'missing' ocean plastics conundrum

Clues emerge in 'missing' ocean plastics conundrum

It's a puzzle that has perplexed scientists for years: humanity dumps millions of tonnes of plastics into the world's oceans annually, yet only a tiny fraction remains visible on the surface. Now an international team of researchers believe they may be cl
Published 15 Apr, 2019 12:00am
Alpine glaciers risk 90 percent melt by 2100: study

Alpine glaciers risk 90 percent melt by 2100: study

Unchecked greenhouse gas emissions could see more than 90 percent of glaciers in the Alps disappear by the end of the century, scientists said Tuesday in new research. There are more than 4,000 glaciers - vast, ancient reserves of ice - dotted throughout
Published 15 Apr, 2019 12:00am
US unveils plans to speed up 5G wireless deployment

US unveils plans to speed up 5G wireless deployment

US officials April 12 unveiled plans to accelerate deployment of 5G wireless networks, including new funding to bring the ultrafast systems to remote rural areas. At a White House event, the Federal Communications Commission announced new spectrum auction
Published 15 Apr, 2019 12:00am
Facebook enhances memorialised user accounts

Facebook enhances memorialised user accounts

Facebook on April 9 improved features of social network accounts kept as memorials to deceased members of the online community. Memorialized accounts are intended to serve as venues for friends and family to share memories and thoughts of those who have p
Published 15 Apr, 2019 12:00am
Twitter limits bulk in its bid to fight spam

Twitter limits bulk in its bid to fight spam

Twitter on April 8 trimmed the number of accounts that a user can follow in a single day in an effort to fight spam at the micro-blogging platform. The total number of accounts that can be added to a user's list was cut to 400 from 1,000, the San Francisc
Published 15 Apr, 2019 12:00am
'US social media users sticking with services'

'US social media users sticking with services'

US adults appear to be sticking with Facebook, Twitter and other online platforms despite controversies over privacy and misinformation, according to a study released Wednesday by the Pew Research Center. A month-long survey taken early this year found th
Published 15 Apr, 2019 12:00am
Qualcomm unveils new chip for speeding up AI work

Qualcomm unveils new chip for speeding up AI work

Qualcomm Inc on April 9 unveiled a new chip for speeding up artificial intelligence work, aiming to diversify beyond its stronghold in mobile phone chips and into a fast-growing market now dominated by Nvidia Corp and Intel Corp.
Published 15 Apr, 2019 12:00am
QNB first quarter net profit rises 3.8 percent, loans up five percent

QNB first quarter net profit rises 3.8 percent, loans up five percent

Qatar National Bank (QNB), the Gulf's largest lender, reported a 3.8 percent increase in first-quarter net profit on Tuesday, broadly in line with analysts' forecasts. Net profit in the three months to March 31 was 3.56 billion riyals ($978 million), the
Published 15 Apr, 2019 12:00am
QNB first quarter net profit rises 3.8 percent, loans up five percent

QNB first quarter net profit rises 3.8 percent, loans up five percent

Qatar National Bank (QNB), the Gulf's largest lender, reported a 3.8 percent increase in first-quarter net profit on Tuesday, broadly in line with analysts' forecasts. Net profit in the three months to March 31 was 3.56 billion riyals ($978 million), the
Published 15 Apr, 2019 12:00am
Lufthansa plans to ditch in-flight food subsidiary

Lufthansa plans to ditch in-flight food subsidiary

European airline giant Lufthansa has begun the process to sell off catering subsidiary LSG, the world's biggest in-flight food supplier, the firm said on Thursday. "Lufthansa's board decided to begin a formal sale process for the possible sale of LSG, in
Published 15 Apr, 2019 12:00am
BP to exit China's shale gas after poor drilling results

BP to exit China's shale gas after poor drilling results

European oil major BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the southwestern Chinese province of Sichuan, three sources with the knowledge of the matter said.
Published 15 Apr, 2019 12:00am
Telenor buys majority stake in Finland's DNA for $1.7 billion

Telenor buys majority stake in Finland's DNA for $1.7 billion

Telenor will enter Finland's telecoms market after agreeing to buy a controlling stake in the country's third-largest mobile firm DNA, completing its presence in the Nordic region. The 1.5 billion-euro ($1.7 billion) deal for a 54 percent stake in DNA mar
Published 15 Apr, 2019 12:00am
Jaguar Land Rover begins Brexit-linked UK plant shutdowns

Jaguar Land Rover begins Brexit-linked UK plant shutdowns

Jaguar Land Rover (JLR) shut its UK plants on Monday for five days over Brexit, adding to other shutdowns to leave at least half the country's car production off-line in what could be a pivotal week for Britain's divorce from the EU. The move was intended
Published 15 Apr, 2019 12:00am
India's Infosys fourth quarter profit jumps on deal wins
Currency

India's Infosys fourth quarter profit jumps on deal wins

Infosys Ltd, India's second biggest software services exporter, reported a 10.4 percent rise in its fourth-quarter profit on Friday, helped by strong growth in its key financial services segment and large deal wins during the period. Net profit for the th
Published 15 Apr, 2019 12:00am
India's Infosys fourth quarter profit jumps on deal wins
Currency

India's Infosys fourth quarter profit jumps on deal wins

Infosys Ltd, India's second biggest software services exporter, reported a 10.4 percent rise in its fourth-quarter profit on Friday, helped by strong growth in its key financial services segment and large deal wins during the period. Net profit for the th
Published 15 Apr, 2019 12:00am
Syria announces new measures to curb fuel shortages

Syria announces new measures to curb fuel shortages

Syria adopted new measures Sunday to curb fuel shortages President Bashar al-Assad's government has blamed on strangling Western sanctions on the war-torn country. Syrian authorities are seeking to "regulate the distribution at petrol stations" and to ens
Published 15 Apr, 2019 12:00am
American Airlines extends Boeing 737 MAX cancellations

American Airlines extends Boeing 737 MAX cancellations

American Airlines Group Inc said on Sunday it is extending Boeing Co 737 MAX cancellations through August 19, leading to about 115 daily canceled flights, or 1.5 percent of its daily summer flying schedule.
Published 15 Apr, 2019 12:00am
Salisbury named Britain's best place to live

Salisbury named Britain's best place to live

The English cathedral city of Salisbury, the location of a deadly nerve agent poisoning blamed on Russia, was named as Britain's best place to live by the Sunday Times newspaper. The award comes a little over a year after a former Russian double agent and
Published 15 Apr, 2019 12:00am
China's economic growth cools to 6.3 percent: AFP poll

China's economic growth cools to 6.3 percent: AFP poll

China's economy cooled further in the first quarter, according to an AFP survey of analysts, as Beijing resorted to tried-and-tested measures to combat tepid global demand and a bruising US trade war. The world's second largest economy expanded by 6.3 per
Published 15 Apr, 2019 12:00am
Jet Airways pilots defer strike before crunch creditors meeting

Jet Airways pilots defer strike before crunch creditors meeting

Pilots at India's Jet Airways have been told by their union to put off a planned strike to give its management and key lender State Bank of India time to strike a deal to keep the debt-laden airline flying, ANI reported on Sunday.
Published 15 Apr, 2019 12:00am
World's largest plane makes first test flight

World's largest plane makes first test flight

The world's largest airplane - a Stratolaunch behemoth with two fuselages and six Boeing 747 engines - made its first test flight on Saturday in California. The mega jet carried out its maiden voyage over the Mojave desert.
Published 15 Apr, 2019 12:00am
National Bank of Kuwait first quarter net profit up

National Bank of Kuwait first quarter net profit up

National Bank of Kuwait, the country's biggest lender, reported a 15.1 percent rise in first-quarter profit, helped by higher net interest income and lower provisioning charges, beating analysts' forecasts. The bank said net profit totalled 107.7 million
Published 15 Apr, 2019 12:00am
National Bank of Kuwait first quarter net profit up

National Bank of Kuwait first quarter net profit up

National Bank of Kuwait, the country's biggest lender, reported a 15.1 percent rise in first-quarter profit, helped by higher net interest income and lower provisioning charges, beating analysts' forecasts. The bank said net profit totalled 107.7 million
Published 15 Apr, 2019 12:00am
Brazil real outlook dims on pension overhaul uncertainty
Currency

Brazil real outlook dims on pension overhaul uncertainty

The outlook for Brazil's real has weakened for the first time since President Jair Bolsonaro took office at the start of the year as an eruption of political tension cast doubts on his pension reform drive, a Reuters poll showed.
Published 15 Apr, 2019 12:00am
Deutsche Boerse nears deal to buy FXall in $3.5 billion
Currency

Deutsche Boerse nears deal to buy FXall in $3.5 billion

German stock exchange operator Deutsche Boerse AG is in advanced talks to buy FXall, a foreign exchange electronic trading platform owned by data provider Refinitiv, for about $3.5 billion, people familiar with the matter said on Wednesday. The deal would
Published 15 Apr, 2019 12:00am
Swedish, Norwegian currencies set to gradually strengthen

Swedish, Norwegian currencies set to gradually strengthen

The currencies of Sweden and Norway are expected to gain on the euro and dollar in the next 12 months, a Reuters poll found on Friday, although the short-term outlook was less favourable than it was in a similar survey a month ago.
Published 15 Apr, 2019 12:00am
Selecta prepares IPO

Selecta prepares IPO

Selecta, Europe's leading vending machine operator, is planning an initial public offering (IPO) on the Swiss stock exchange within months, people close to the matter said. The company has scheduled meetings with analysts this month and could list in May,
Published 15 Apr, 2019 12:00am
Selecta prepares IPO

Selecta prepares IPO

Selecta, Europe's leading vending machine operator, is planning an initial public offering (IPO) on the Swiss stock exchange within months, people close to the matter said. The company has scheduled meetings with analysts this month and could list in May,
Published 15 Apr, 2019 12:00am
Uber unveils IPO with warning it may never make a profit

Uber unveils IPO with warning it may never make a profit

Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing. The document gave the first comprehensive financial picture of the decade-ol
Published 15 Apr, 2019 12:00am
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