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Print - 2019-05-06
Nisar says he's no more part of PML-N
Currency

Nisar says he's no more part of PML-N

Former interior minister Chaudhry Nisar Ali Khan has said that he is no more part of the Pakistan Muslim League-Nawaz (PML-N) and also made it clear that he will not take the oath as member of the Punjab provincial assembly.
Published 06 May, 2019 12:00am
Railway traffic disrupted as Hazara Express derails

Railway traffic disrupted as Hazara Express derails

Abbottabad bound Hazara Express suffered derailment soon after the departure from Karachi Cantt Station here on Sunday. As per details, Hazara Express left Karachi's Cantt Station at 6 am but derailed soon after the departure near Kala Pul area of the met
Published 06 May, 2019 12:00am
PM lays groundbreaking of Al-Qadir University in Sohawa

PM lays groundbreaking of Al-Qadir University in Sohawa

Prime Minister Imran Khan has expressed the hope that Al-Qadir University will impart modern education to youth on the basis of ideology of Pakistan. Addressing the groundbreaking of Al-Qadir University in Sohawa near Jhelum on Sunday, the Prime Minister
Published 06 May, 2019 12:00am
At least 13 dead in Moscow plane blaze

At least 13 dead in Moscow plane blaze

At least 13 people died Sunday after a passenger plane on fire attempted an emergency landing at Moscow's busiest airport as flames and thick black smoke poured from the fuselage, Russian news agencies reported. "For the moment, we confirm the death of 13
Published 06 May, 2019 12:00am
12-year-old boy, woman martyred in Indian shelling along LoC

12-year-old boy, woman martyred in Indian shelling along LoC

A 12-year-old boy and a woman were martyred while another woman was injured in Azad Jammu and Kashmir as Indian troops resorted to unprovoked shelling from across the restive Line of Control (LoC) on Sunday, said Inter-Services Public Relations. According
Published 06 May, 2019 12:00am
SECP asked to demonstrate prudent approach
Kerb

SECP asked to demonstrate prudent approach

The Securities and Exchange Commission of Pakistan (SECP) Policy Board has barred the SECP from referring cases to the law enforcement agencies including National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) and decided to call back
Published 06 May, 2019 12:00am
SECP asked to demonstrate prudent approach
Kerb

SECP asked to demonstrate prudent approach

The Securities and Exchange Commission of Pakistan (SECP) Policy Board has barred the SECP from referring cases to the law enforcement agencies including National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) and decided to call back
Published 06 May, 2019 12:00am
SECP asked to demonstrate prudent approach
Kerb

SECP asked to demonstrate prudent approach

The Securities and Exchange Commission of Pakistan (SECP) Policy Board has barred the SECP from referring cases to the law enforcement agencies including National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) and decided to call back
Published 06 May, 2019 12:00am
Futures spread down by 52bps

Futures spread down by 52bps

The futures spread declined by 52bps to 5.96 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily turnover declined by 65.7 percent to 44.03 million shares. The average daily trading value
Published 06 May, 2019 12:00am
Futures spread down by 52bps

Futures spread down by 52bps

The futures spread declined by 52bps to 5.96 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily turnover declined by 65.7 percent to 44.03 million shares. The average daily trading value
Published 06 May, 2019 12:00am
Bearish sentiments prevail
Mutual Funds

Bearish sentiments prevail

Pakistan Stock Exchange remained under pressure during the outgoing week ended on May 3, 2019 due to selling in various sectors. BRIndex100 lost 156.48 points on week-on-week basis to close at 3,756.95 points. Average daily volumes stood at 96.072 million
Published 06 May, 2019 12:00am
Bearish sentiments prevail
Mutual Funds

Bearish sentiments prevail

Pakistan Stock Exchange remained under pressure during the outgoing week ended on May 3, 2019 due to selling in various sectors. BRIndex100 lost 156.48 points on week-on-week basis to close at 3,756.95 points. Average daily volumes stood at 96.072 million
Published 06 May, 2019 12:00am
Bearish sentiments prevail
Mutual Funds

Bearish sentiments prevail

Pakistan Stock Exchange remained under pressure during the outgoing week ended on May 3, 2019 due to selling in various sectors. BRIndex100 lost 156.48 points on week-on-week basis to close at 3,756.95 points. Average daily volumes stood at 96.072 million
Published 06 May, 2019 12:00am
Dr Reza Baqir assumes charge as SBP Governor

Dr Reza Baqir assumes charge as SBP Governor

Dr Reza Baqir has assumed the charge of Governor State Bank of Pakistan after the President of Pakistan appointed him for a period of three years in pursuance of Section 10(3) of the State Bank of Pakistan Act 1956. Dr Reza has eighteen years of working e
Published 06 May, 2019 12:00am
Dr Reza Baqir assumes charge as SBP Governor

Dr Reza Baqir assumes charge as SBP Governor

Dr Reza Baqir has assumed the charge of Governor State Bank of Pakistan after the President of Pakistan appointed him for a period of three years in pursuance of Section 10(3) of the State Bank of Pakistan Act 1956. Dr Reza has eighteen years of working e
Published 06 May, 2019 12:00am
Dr Reza Baqir assumes charge as SBP Governor

Dr Reza Baqir assumes charge as SBP Governor

Dr Reza Baqir has assumed the charge of Governor State Bank of Pakistan after the President of Pakistan appointed him for a period of three years in pursuance of Section 10(3) of the State Bank of Pakistan Act 1956. Dr Reza has eighteen years of working e
Published 06 May, 2019 12:00am
Government upbeat about new SBP governor Reza

Government upbeat about new SBP governor Reza

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Sunday said the newly appointed State Bank of Pakistan (SBP) Governor Dr Reza Baqir, who got education in prestigious international educational institutions, was
Published 06 May, 2019 12:00am
Government upbeat about new SBP governor Reza

Government upbeat about new SBP governor Reza

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Sunday said the newly appointed State Bank of Pakistan (SBP) Governor Dr Reza Baqir, who got education in prestigious international educational institutions, was
Published 06 May, 2019 12:00am
Government upbeat about new SBP governor Reza

Government upbeat about new SBP governor Reza

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Sunday said the newly appointed State Bank of Pakistan (SBP) Governor Dr Reza Baqir, who got education in prestigious international educational institutions, was
Published 06 May, 2019 12:00am
THE RUPEE: modest recovery
Currency

THE RUPEE: modest recovery

The rupee fluctuated slightly against the dollar during the week, ended on 04 May, 2019. INTER-BANK MARKET RATES: The rupee moved with little changes in terms of the dollar for buying and selling at Rs 141.30 and Rs 141.32. OPEN MARKET RATES: The rupee pi
Published 06 May, 2019 12:00am
THE RUPEE: modest recovery
Currency

THE RUPEE: modest recovery

The rupee fluctuated slightly against the dollar during the week, ended on 04 May, 2019. INTER-BANK MARKET RATES: The rupee moved with little changes in terms of the dollar for buying and selling at Rs 141.30 and Rs 141.32. OPEN MARKET RATES: The rupee pi
Published 06 May, 2019 12:00am
A profound question!

A profound question!

Can the Pakistan authorities negotiate a package with the International Monetary Fund (IMF) that would provide time to identify, agree and implement major structural reforms - particularly in the several decades long poorly performing tax and power sector
Published 06 May, 2019 12:00am
A profound question!

A profound question!

Can the Pakistan authorities negotiate a package with the International Monetary Fund (IMF) that would provide time to identify, agree and implement major structural reforms - particularly in the several decades long poorly performing tax and power sector
Published 06 May, 2019 12:00am
First Ramazan tomorrow

First Ramazan tomorrow

Ramazan crescent has not been sighted anywhere in the country on Sunday evening and the holy month of Ramazan would begin on Tuesday, May 7, says a notification issued by the Ministry of Religious Affairs and Interfaith Harmony quoting the decision of Rue
Published 06 May, 2019 12:00am
First Ramazan tomorrow

First Ramazan tomorrow

Ramazan crescent has not been sighted anywhere in the country on Sunday evening and the holy month of Ramazan would begin on Tuesday, May 7, says a notification issued by the Ministry of Religious Affairs and Interfaith Harmony quoting the decision of Rue
Published 06 May, 2019 12:00am
The Weather

The Weather

The weather report on Sunday (May 05, 2019) and the forecast for Monday (May 06, 2019).

Published 06 May, 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 29 to May 3, 2019).

Published 06 May, 2019 12:00am
Osaka battles through pain to beat Cibulkova in Madrid, Kyrgios exits

Osaka battles through pain to beat Cibulkova in Madrid, Kyrgios exits

Naomi Osaka eased concerns about her form and fitness by coming through a tricky first round against Dominika Cibulkova on Sunday at the Madrid Open. Osaka has struggled since splitting with her coach Sascha Bajin in February while an abdominal injury for
Published 06 May, 2019 12:00am
Marquez wins Spanish MotoGP

Marquez wins Spanish MotoGP

World champion Marc Marquez of Honda won the Spanish motorcycling GP on Sunday ahead of compatriots Alex Rins of Suzuki and maverick Vinales of Yamaha. Marquez led from start to finish and went top of the world standings with his victory after a fall last
Published 06 May, 2019 12:00am
Garin wins Munich title

Garin wins Munich title

Chile's Cristian Garin completed a dream week by beating Matteo Berrettini 6-1, 3-6, 7-6 (7/1) in the final of the Munich Open on Sunday to claim the second ATP tour title of his career. Ranked 47 in the world at the beginning of the tournament, Garin pul
Published 06 May, 2019 12:00am
Norwich City seal Championship title, Derby reach play-offs

Norwich City seal Championship title, Derby reach play-offs

Norwich City beat Aston Villa 2-1 on Sunday to seal the English Championship title as Derby County qualified for the play-offs with a 3-1 win against West Bromwich Albion. Daniel Farke's Norwich and Sheffield United, who drew 2-2 against Stoke, had alread
Published 06 May, 2019 12:00am
West Indies ODI record 365-run opening stand sets up Ireland win

West Indies ODI record 365-run opening stand sets up Ireland win

West Indies openers John Campbell and Shai Hope shattered the record for the highest first-wicket partnership in a one-day international with a stand of 365 as their side thrashed Ireland by 196 runs in Dublin on Sunday. Campbell made 179 and Hope 170 in
Published 06 May, 2019 12:00am
Under-strength Barca beaten by Celta

Under-strength Barca beaten by Celta

Barcelona rested all 11 players that started against Liverpool in the Champions League but paid the price on Saturday as they were beaten 2-0 by struggling Celta Vigo in La Liga. Lionel Messi, Luis Suarez and Philippe Coutinho were all among those left ou
Published 06 May, 2019 12:00am
Smith, Warner prepare for Australian return

Smith, Warner prepare for Australian return

Steve Smith and David Warner are set to don the Australian colours this week for the first time since their ball-tampering bans despite struggling with illness. The pair were welcomed back into the national fold last week for a pre-World Cup camp in Brisb
Published 06 May, 2019 12:00am
WMA warns doctors not to enforce Semenya rules

WMA warns doctors not to enforce Semenya rules

The World Medical Association Sunday urged doctors not to enforce controversial new IAAF gender rules for classifying female athletes, warning that attempts to do so would breach ethical codes. It follows South African runner Caster Semenya last week losi
Published 06 May, 2019 12:00am
Federer having fun on Madrid dirt

Federer having fun on Madrid dirt

Roger Federer says he doesn't have high expectations entering his first clay-court season since 2016 but has enjoyed practicing on the red dirt ahead of this week's Madrid Open. Seeded number four in the Spanish capital, Federer is making his first appear
Published 06 May, 2019 12:00am
Qabail win KP U-17 Talent Hunt One-Day final

Qabail win KP U-17 Talent Hunt One-Day final

Abbas Ali hammered a cracking 61 off 92 balls with seven boundaries guided Qabail to a vital 82 runs victory in the final of the Khyber Pakhtunkhwa Under-17 talent Hunt One-Day final played at Hayatabad Sports Complex ground on Sunday.
Published 06 May, 2019 12:00am
Morgan shines as England beat Pakistan

Morgan shines as England beat Pakistan

England captain Eoin Morgan led his side to a seven-wicket win over Pakistan in a lone Twenty20 international in Cardiff on Sunday with an unbeaten innings of 57.
Published 06 May, 2019 12:00am
Scientists say they're closer to possible blood test for chronic fatigue

Scientists say they're closer to possible blood test for chronic fatigue

Scientists in the United States say they have taken a step toward developing a possible diagnostic test for chronic fatigue syndrome, a condition characterized by exhaustion and other debilitating symptoms. Researchers at Stanford University School of Med
Published 06 May, 2019 12:00am
US measles cases rises to 704 in 2019: official

US measles cases rises to 704 in 2019: official

The number of measles cases in the United States reached a record-setting 704 for the year last week, the greatest number of cases in 25 years, health officials said on Monday. The Centers for Disease Control and Prevention said that as of April 29, 704 m
Published 06 May, 2019 12:00am
Dental infections in kids tied to heart disease risk later

Dental infections in kids tied to heart disease risk later

Children who develop cavities and gum disease may be more likely to develop risk factors for heart attacks and strokes decades later than kids who have good oral health, a recent study suggests. Researchers did dental exams for 755 children in 1980, when
Published 06 May, 2019 12:00am
Huawei jumps ahead of Apple in tough smartphone market

Huawei jumps ahead of Apple in tough smartphone market

China-based Huawei outsold Apple's iPhones in the first quarter of this year, seizing the California company's second place spot in a tightening smartphone market dominated by Samsung, a tracker said Tuesday. A total of 310.8 million smartphones were ship
Published 06 May, 2019 12:00am
Cisco revamps its hardware for new WiFi technology

Cisco revamps its hardware for new WiFi technology

Cisco Systems Inc said on Monday it is rolling out hardware for the next generation of Wi-Fi standards, giving a core part of its $28.2 billion infrastructure business a refresh and in the process aiming to garner more software revenue. Cisco announced ne
Published 06 May, 2019 12:00am
Facebook tweaks apps as privacy clouds loom
Kerb

Facebook tweaks apps as privacy clouds loom

Facebook is rolling out a major redesign of its social network's mobile app and introducing a desktop app for its Messenger service as it tries to recover from a series of privacy breakdowns that have cast a cloud over its future. The overhauled mobile ap
Published 06 May, 2019 12:00am
ANZ to slash cost base as staff cuts boost H1 profit

ANZ to slash cost base as staff cuts boost H1 profit

Australia and New Zealand Banking Group Ltd on Wednesday promised more than A$1 billion ($705.2 million) in cost cuts by 2022, driving up its share price as staff cuts helped boost first-half profit above market expectations. ANZ shares were 3 percent hig
Published 06 May, 2019 12:00am
ICBC posts 4.1 percent Q1 profit rise

ICBC posts 4.1 percent Q1 profit rise

Industrial and Commercial Bank of China Ltd (ICBC), the world's biggest commercial lender by assets, posted a 4.1 percent rise in profit for the three months ended March, its fastest growth for the period since 2014. Profit was 82.01 billion yuan ($12.18
Published 06 May, 2019 12:00am
ICBC posts 4.1 percent Q1 profit rise

ICBC posts 4.1 percent Q1 profit rise

Industrial and Commercial Bank of China Ltd (ICBC), the world's biggest commercial lender by assets, posted a 4.1 percent rise in profit for the three months ended March, its fastest growth for the period since 2014. Profit was 82.01 billion yuan ($12.18
Published 06 May, 2019 12:00am
McDonalds gets US lift from donuts, bacon as profit dips

McDonalds gets US lift from donuts, bacon as profit dips

Despite appealing to America's love affair with bacon and donuts, McDonalds reported a dip in first-quarter profits on Tuesday. The fast-food giant scored a solid 4.5 percent jump in first-quarter comparable sales in its home market, lifted by special off
Published 06 May, 2019 12:00am
Record Russian gas sales to Europe help Gazprom double its profits

Record Russian gas sales to Europe help Gazprom double its profits

Russian gas producer Gazprom doubled its annual net profit last year, led by record sales to Europe despite pressure on EU states to diversify away from Russian energy imports. Gazprom is also working on contingency plans in case the undersea Nord Stream-
Published 06 May, 2019 12:00am
Bankia posts 10.8 percent drop in Q1 net profit

Bankia posts 10.8 percent drop in Q1 net profit

Spain's state-owned lender Bankia posted a 10.8 percent drop in first-quarter net profit on Monday due to lower trading income though it slightly increased its loan book thanks to a shift towards consumer and corporate lending.
Published 06 May, 2019 12:00am
StanChart delivers a brittle show of strength

StanChart delivers a brittle show of strength

Company bosses love a bit of flattery, and Bill Winters could sorely use some following a bruising few years at the helm of Standard Chartered . A $1 billion share buyback - the first in nearly two decades - should add further vim to his turnaround of the
Published 06 May, 2019 12:00am
Jumeirah Group to open five hotels in Asia, Europe over 18 months

Jumeirah Group to open five hotels in Asia, Europe over 18 months

Dubai-based hotel operator Jumeirah Group will open five new hotels in Asia and Europe over the next 18 months, chief executive Jose Silva said on Monday. Jumeirah, part of Dubai Holding, the investment vehicle of the emirate's ruler, will have 31 propert
Published 06 May, 2019 12:00am
High fuel costs drive Lufthansa deeper into red in Q1

High fuel costs drive Lufthansa deeper into red in Q1

German airline group Lufthansa plunged deeper into the red in the first quarter, it said Tuesday, blaming the rising price of fuel and intense competition in Europe but sticking to annual targets. Between January and March, the Frankfurt-based group lost
Published 06 May, 2019 12:00am
BNP Paribas profits boost by investment bank rebound

BNP Paribas profits boost by investment bank rebound

BNP Paribas on Thursday reported higher first-quarter net profits, supported by a recovery at its corporate and investment banking division which benefited from a more favourable market environment. Weak financial markets had hit this business in the four
Published 06 May, 2019 12:00am
BNP Paribas profits boost by investment bank rebound

BNP Paribas profits boost by investment bank rebound

BNP Paribas on Thursday reported higher first-quarter net profits, supported by a recovery at its corporate and investment banking division which benefited from a more favourable market environment. Weak financial markets had hit this business in the four
Published 06 May, 2019 12:00am
Boeing names special adviser to CEO amid 737 MAX crisis

Boeing names special adviser to CEO amid 737 MAX crisis

Boeing Co on Wednesday named a new senior adviser to Chief Executive Officer Dennis Muilenburg and the board of directors as the world's largest planemaker faces its biggest crisis in years after two deadly crashes of its 737 MAX jetliner.
Published 06 May, 2019 12:00am
Foreign domestic workers in Lebanon protest abuses

Foreign domestic workers in Lebanon protest abuses

Hundreds of foreign domestic workers demonstrated in the Lebanese capital Sunday to demand the scrapping of a sponsorship system that they complain leaves them open to abuse from employers. Lebanon hosts more than 250,000 registered domestic workers, the
Published 06 May, 2019 12:00am
UAE private sector growth picks up

UAE private sector growth picks up

Growth in the United Arab Emirates' non-oil sector picked up in April at its fastest pace since December 2017 as new orders and business activity expanded, a survey showed on Sunday. The seasonally adjusted Emirates NBD UAE Purchasing Managers' Index (PMI
Published 06 May, 2019 12:00am
Airbus considers legal action against Germany over Saudi ban

Airbus considers legal action against Germany over Saudi ban

Airbus is considering suing the German government as its freeze on arms exports to Saudi Arabia means the company is unable to complete a border security system for the Gulf state, two people familiar with the matter said. In October, Germany decided to r
Published 06 May, 2019 12:00am
Saudi private sector growth stable in April, employment subdued

Saudi private sector growth stable in April, employment subdued

Saudi Arabia's non-oil private sector growth remained steady - though unchanged - in April, but strong demand and increased business confidence did not translate into job creation, a monthly survey of companies showed on Sunday.
Published 06 May, 2019 12:00am
China unveils rules to rein in bad government investment behaviour

China unveils rules to rein in bad government investment behaviour

China has announced long-considered rules on how and where government funds should be invested as Beijing cracks the whip on misappropriation and dubious use of state financing across the country's vast and often complex structure of government.
Published 06 May, 2019 12:00am
Trump to hike tariffs on $200 billion of Chinese goods

Trump to hike tariffs on $200 billion of Chinese goods

US President Donald Trump announced Sunday that the United States would raise tariffs on $200 billion of Chinese goods to 25 percent this week, because trade talks are moving "too slowly."
Published 06 May, 2019 12:00am
Global funds favour bonds, but say most assets expensive

Global funds favour bonds, but say most assets expensive

Global funds recommended a cut in equity holdings this month and an increase in bonds allocations to the highest since August 2017, a Reuters poll showed, reflecting a generally cautious mood among long-term investors. That was despite a rally in equities
Published 06 May, 2019 12:00am
Global funds favour bonds, but say most assets expensive

Global funds favour bonds, but say most assets expensive

Global funds recommended a cut in equity holdings this month and an increase in bonds allocations to the highest since August 2017, a Reuters poll showed, reflecting a generally cautious mood among long-term investors. That was despite a rally in equities
Published 06 May, 2019 12:00am
Pension debate paves rough road ahead for Brazil real
Currency

Pension debate paves rough road ahead for Brazil real

Brazil's real will turn more unstable as it becomes increasingly exposed to a pending discussion of a plan to overhaul the social security system that is proving hard to sell in a divided Congress, a Reuters poll showed. The 12-month forecast for the Braz
Published 06 May, 2019 12:00am
Human hedge fund managers embrace robot-rival tools

Human hedge fund managers embrace robot-rival tools

Traditional stock-pickers in the hedge fund world have been struggling to justify their expenses and weak returns in recent years, as low-cost algorithmic funds have done better. Now, human managers are starting to embrace the technologies employed by the
Published 06 May, 2019 12:00am
Human hedge fund managers embrace robot-rival tools

Human hedge fund managers embrace robot-rival tools

Traditional stock-pickers in the hedge fund world have been struggling to justify their expenses and weak returns in recent years, as low-cost algorithmic funds have done better. Now, human managers are starting to embrace the technologies employed by the
Published 06 May, 2019 12:00am
Gulf markets reverse earlier gains

Gulf markets reverse earlier gains

Middle East stock markets reversed earlier gains and closed in negative territory on Sunday, hit by profit-taking and disappointing quarterly results from some companies, with trading thin ahead of Ramazan. The Saudi index was the worst hit in the Gulf, l
Published 06 May, 2019 12:00am
Asian stocks rally for fourth successive month in April

Asian stocks rally for fourth successive month in April

Asian stocks rose for the fourth straight month in April, bolstered by China's better-than-expected economic data and on optimism that the United States and China are inching towards a trade deal. In April, the MSCI's broadest index of Asia-Pacific shares
Published 06 May, 2019 12:00am
Developing countries need bigger FX crisis toolkits: BIS
Currency

Developing countries need bigger FX crisis toolkits: BIS

Emerging market countries need to expand their currency crisis fighting toolkits and be ready to embrace the kind of money printing tactics used in the US, Europe and Japan, the head of the Bank for International Settlements (BIS) was due to say on Thursd
Published 06 May, 2019 12:00am
Developing countries need bigger FX crisis toolkits: BIS
Currency

Developing countries need bigger FX crisis toolkits: BIS

Emerging market countries need to expand their currency crisis fighting toolkits and be ready to embrace the kind of money printing tactics used in the US, Europe and Japan, the head of the Bank for International Settlements (BIS) was due to say on Thursd
Published 06 May, 2019 12:00am
Uber takes IPO roadshow to New York as demand builds up

Uber takes IPO roadshow to New York as demand builds up

Uber Technologies Inc CEO Dara Khosrowshahi and his top management team took the ride-hailing giant's investor roadshow for its initial public offering to New York on Tuesday, as demand for its shares already exceeded supply.
Published 06 May, 2019 12:00am
Dollar to reign for another 3-6 months, then cede ground
Currency

Dollar to reign for another 3-6 months, then cede ground

The US dollar, which has dominated currency markets since last year, will stay strong for another three to six months before starting to cede ground to most other major currencies, a Reuters poll found. Weak economic data and cautious comments from non-US
Published 06 May, 2019 12:00am
Canadian yield discount set to crimp gains for the loonie
Currency

Canadian yield discount set to crimp gains for the loonie

The Canadian dollar is set to strengthen over the coming year, helped by higher oil prices, but the currency's gains will be held back by the greater interest rate offered to holders of US dollars, a Reuters poll showed. The loonie, which has fallen 3 per
Published 06 May, 2019 12:00am
Canadian yield discount set to crimp gains for the loonie
Currency

Canadian yield discount set to crimp gains for the loonie

The Canadian dollar is set to strengthen over the coming year, helped by higher oil prices, but the currency's gains will be held back by the greater interest rate offered to holders of US dollars, a Reuters poll showed. The loonie, which has fallen 3 per
Published 06 May, 2019 12:00am
Brexit deal prospects in doubt in 'bad faith' spat

Brexit deal prospects in doubt in 'bad faith' spat

British Prime Minister Theresa May on Sunday urged Labour to do a deal on Brexit this week, but the main opposition party accused her of acting in bad faith. May insisted the clobbering both main parties took in last week's English local elections increas
Published 06 May, 2019 12:00am
Pope asks Bulgarians to 'open hearts' to migrants

Pope asks Bulgarians to 'open hearts' to migrants

Pope Francis urged Bulgarians to open their hearts and doors to refugees as he began a visit to the European Union's poorest country, where the main Orthodox Church snubbed holding joint prayers with the pontiff. Prime Minister Boyko Borisov met Francis a
Published 06 May, 2019 12:00am
Pro-government Libya lawmakers name 'speaker'

Pro-government Libya lawmakers name 'speaker'

Dozens of Libyan lawmakers supporting the internationally recognised government in Tripoli on Sunday elected a "provisional speaker" as they vied with loyalists of commander Khalifa Haftar for control. Libya has been mired in chaos since the 2011 ouster o
Published 06 May, 2019 12:00am
WFP gains access to vital Yemen food aid

WFP gains access to vital Yemen food aid

The World Food Programme said it gained access Sunday to vital food aid on the outskirts of Yemen's flashpoint city of Hodeida a month after postponing its mission for security reasons. The Saudi-led coalition fighting on the side of the government accuse
Published 06 May, 2019 12:00am
Turkey to buy Russian missiles despite US 'threats'

Turkey to buy Russian missiles despite US 'threats'

Turkey on Sunday dismissed US threats of sanctions if it went ahead with a Russian missile purchase, saying it would not renege on a pledge to Moscow. Washington has warned its Nato ally for months that Ankara's adoption of Russian S-400 missile technolog
Published 06 May, 2019 12:00am
US still sees 'path forward' in North Korea talks: Pompeo

US still sees 'path forward' in North Korea talks: Pompeo

Secretary of State Mike Pompeo said Sunday that the US still sees "a path forward" in its nuclear talks with North Korea, even after Pyongyang's latest round of test launches. "It's a serious situation for sure and we've known that the path to fully verif
Published 06 May, 2019 12:00am
Air raids shut two hospitals in Syria's Idlib

Air raids shut two hospitals in Syria's Idlib

Air strikes by Syrian regime ally Russia on Sunday forced the closure of two hospitals in the jihadist-held Syrian province of Idlib, a war monitor said. It came on a day that eight civilians were killed in bombardment by the regime and Russia across the
Published 06 May, 2019 12:00am
Biden offers a nickname for a nicknaming president: 'clown'

Biden offers a nickname for a nicknaming president: 'clown'

President Donald Trump has been quick to cook up derisive nicknames for his Democratic critics and rivals: "Crooked" Hillary Clinton, "Goofy" Elizabeth Warren and "Crazy" Bernie Sanders, among others. Now one of them has returned the favor. Former vice pr
Published 06 May, 2019 12:00am
G7 environment ministers meet to discuss climate crisis

G7 environment ministers meet to discuss climate crisis

Environment ministers of the G7 nations met in France Sunday, a day ahead of the release of what is expected to be another alarming report on the state of the planet. Ministers from Britain, Canada, France, Germany, Italy, Japan and the United States gath
Published 06 May, 2019 12:00am
Cyclone Fani death toll rises to 42 in India, Bangladesh

Cyclone Fani death toll rises to 42 in India, Bangladesh

The death toll from a cyclone that battered India and Bangladesh rose to 42 on Sunday as emergency teams raced to fix water supplies and roads devastated by the storm. Twenty-nine of the dead were in eastern India's Odisha state and 13 in Bangladesh, offi
Published 06 May, 2019 12:00am
US, Russia butt heads over Venezuela

US, Russia butt heads over Venezuela

US Secretary of State Mike Pompeo pressed Sunday for Russia to get out of Venezuela, while his Russian counterpart, Sergei Lavrov, called on Washington to "abandon its irresponsible plans" in the crisis-wracked country.
Published 06 May, 2019 12:00am
KE may suspend supply during Sehr-Iftar due to power shortage

KE may suspend supply during Sehr-Iftar due to power shortage

K-Electric's residential consumers, particularly those living in city's slum areas are likely to face load-shedding even during Sehr and Iftar in the holy month of Ramazan after the KE linked the exemption with additional 300MW power supply from the natio
Published 06 May, 2019 12:00am
Four factories sealed in Peshawar

Four factories sealed in Peshawar

The Khyber Pakhtunkhwa Food Authority on Sunday sealed four factories in Peshawar for supplying substandard food as part of its pre-Ramazan crackdown. According to the details, four factories were sealed at Phandu Road and Nishtarabad over producing subst
Published 06 May, 2019 12:00am
'Government will fulfil all promises made'

'Government will fulfil all promises made'

Provincial Housing and Urban Development Minister Mian Mehmood-ur-Rasheed has said the inauguration of residential project for low-income families in Renala Khurd, Okara by Prime Minister Imran Khan under 'Naya Pakistan Housing Scheme,' is an important st
Published 06 May, 2019 12:00am
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