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Dec 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-06-24
Tax-to-GDP ratio to be increased to 12.6 percent: government
Exchange

Tax-to-GDP ratio to be increased to 12.6 percent: government

The Federal Minister for Planning, Development and Reform Khusro Bukhtiyar on Sunday said tax-to-GDP ratio is 11 percent, which will be enhanced to 12.6 percent as no economy can function without having sufficient revenue collection. Taking part in budget
Published 24 Jun, 2019 12:00am
Tax-to-GDP ratio to be increased to 12.6 percent: government
Exchange

Tax-to-GDP ratio to be increased to 12.6 percent: government

The Federal Minister for Planning, Development and Reform Khusro Bukhtiyar on Sunday said tax-to-GDP ratio is 11 percent, which will be enhanced to 12.6 percent as no economy can function without having sufficient revenue collection. Taking part in budget
Published 24 Jun, 2019 12:00am
Tax-to-GDP ratio to be increased to 12.6 percent: government
Exchange

Tax-to-GDP ratio to be increased to 12.6 percent: government

The Federal Minister for Planning, Development and Reform Khusro Bukhtiyar on Sunday said tax-to-GDP ratio is 11 percent, which will be enhanced to 12.6 percent as no economy can function without having sufficient revenue collection. Taking part in budget
Published 24 Jun, 2019 12:00am
Futures spread up by 912 basis points

Futures spread up by 912 basis points

The futures spread increased by 912bps to 3.47 percent on the last day of the outgoing week. Trading activities on the futures counter slightly improved as average daily volumes increased by 17.7 percent during this week to 62.81 million shares. Average d
Published 24 Jun, 2019 12:00am
Futures spread up by 912 basis points

Futures spread up by 912 basis points

The futures spread increased by 912bps to 3.47 percent on the last day of the outgoing week. Trading activities on the futures counter slightly improved as average daily volumes increased by 17.7 percent during this week to 62.81 million shares. Average d
Published 24 Jun, 2019 12:00am
Equities remain under pressure
Exchange

Equities remain under pressure

Pakistan Stock Exchange remained under pressure during the outgoing week ended on June 21, 2019 due to selling in various sectors. BRIndex100 lost 42.27 points on week-on-week basis to close at 3,692.47 points. Average daily volumes stood at 117.997 milli
Published 24 Jun, 2019 12:00am
Equities remain under pressure
Exchange

Equities remain under pressure

Pakistan Stock Exchange remained under pressure during the outgoing week ended on June 21, 2019 due to selling in various sectors. BRIndex100 lost 42.27 points on week-on-week basis to close at 3,692.47 points. Average daily volumes stood at 117.997 milli
Published 24 Jun, 2019 12:00am
Equities remain under pressure
Exchange

Equities remain under pressure

Pakistan Stock Exchange remained under pressure during the outgoing week ended on June 21, 2019 due to selling in various sectors. BRIndex100 lost 42.27 points on week-on-week basis to close at 3,692.47 points. Average daily volumes stood at 117.997 milli
Published 24 Jun, 2019 12:00am
President confers Nishan-i-Pakistan upon Emir of Qatar

President confers Nishan-i-Pakistan upon Emir of Qatar

The Emir of the State of Qatar Sheikh Tamim bin Hamad Al Thani, who concluded his two-day official visit on Sunday, expressed keen interest in enhanced bilateral collaboration in the energy sector as well as import of food items from Pakistan. Before depa
Published 24 Jun, 2019 12:00am
President confers Nishan-i-Pakistan upon Emir of Qatar

President confers Nishan-i-Pakistan upon Emir of Qatar

The Emir of the State of Qatar Sheikh Tamim bin Hamad Al Thani, who concluded his two-day official visit on Sunday, expressed keen interest in enhanced bilateral collaboration in the energy sector as well as import of food items from Pakistan. Before depa
Published 24 Jun, 2019 12:00am
Trade, investment: Pakistan, Qatar agree to set up JWG
Exchange

Trade, investment: Pakistan, Qatar agree to set up JWG

Pakistan and Qatar have agreed to set up a joint working group (JWG) to expand trade and investment cooperation, strengthening communication and enhance trust to boost economic growth. A Memorandum of Understanding (MoU) on the establishment of "Pakistan-
Published 24 Jun, 2019 12:00am
Trade, investment: Pakistan, Qatar agree to set up JWG
Exchange

Trade, investment: Pakistan, Qatar agree to set up JWG

Pakistan and Qatar have agreed to set up a joint working group (JWG) to expand trade and investment cooperation, strengthening communication and enhance trust to boost economic growth. A Memorandum of Understanding (MoU) on the establishment of "Pakistan-
Published 24 Jun, 2019 12:00am
Trade, investment: Pakistan, Qatar agree to set up JWG
Exchange

Trade, investment: Pakistan, Qatar agree to set up JWG

Pakistan and Qatar have agreed to set up a joint working group (JWG) to expand trade and investment cooperation, strengthening communication and enhance trust to boost economic growth. A Memorandum of Understanding (MoU) on the establishment of "Pakistan-
Published 24 Jun, 2019 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee resisted further decline against the dollar on the money market during the week, ended on 22 June, 2019. The rupee gained modestly versus the dollar for buying and selling at Rs 156.75 and Rs 156.85, they said.
Published 24 Jun, 2019 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee resisted further decline against the dollar on the money market during the week, ended on 22 June, 2019. The rupee gained modestly versus the dollar for buying and selling at Rs 156.75 and Rs 156.85, they said.
Published 24 Jun, 2019 12:00am
Pakistan condemn woeful South Africa to World Cup exit

Pakistan condemn woeful South Africa to World Cup exit

Pakistan condemned South Africa to World Cup elimination and kept alive their own slender chances of advancing to the semi-finals with a 49-run win at Lord's on Sunday. Chasing 309 to remain in the hunt for a last four berth, South Africa's survival bid p
Published 24 Jun, 2019 12:00am
Pakistan condemn woeful South Africa to World Cup exit

Pakistan condemn woeful South Africa to World Cup exit

Pakistan condemned South Africa to World Cup elimination and kept alive their own slender chances of advancing to the semi-finals with a 49-run win at Lord's on Sunday. Chasing 309 to remain in the hunt for a last four berth, South Africa's survival bid p
Published 24 Jun, 2019 12:00am
Houthis hit Saudi airport, killing one expat

Houthis hit Saudi airport, killing one expat

Yemen's Houthi movement launched an attack on Abha civilian airport in southern Saudi Arabia on Sunday that killed one person and wounded seven others, the Saudi-led coalition battling the group in Yemen said. Houthi-run Al-Masirah TV earlier said that th
Published 24 Jun, 2019 12:00am
The Weather

The Weather

The weather report on Sunday (June 23, 2019) and the forecast for Monday (June 24, 2019).

Published 24 Jun, 2019 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 17 to 21, 2019).

Published 24 Jun, 2019 12:00am
Trump says reelection 'easier' if he is impeached

Trump says reelection 'easier' if he is impeached

US President Donald Trump said in an interview broadcast Sunday his chances of retaining the White House in 2020 would be strengthened if Democratic lawmakers start impeachment proceedings against him. Asked on NBC's "Meet the Press" whether he thought im
Published 24 Jun, 2019 12:00am
Sri Lankan President seeks to roll back his political reforms

Sri Lankan President seeks to roll back his political reforms

Sri Lanka's President Sunday called for sweeping reforms to the country's constitution that he introduced in 2015 to be rolled back, saying they are responsible for political instability. Maithripala Sirisena said the 19th amendment to the constitution -
Published 24 Jun, 2019 12:00am
Mauritania opposition cries foul in polls

Mauritania opposition cries foul in polls

Opposition candidates in Mauritania's presidential election on Sunday cried foul after government candidate Mohamed Cheikh El-Ghazouani claimed victory before full results were in. Sidi Mohamed Ould Boubacar, addressing a news conference along with three
Published 24 Jun, 2019 12:00am
North Korean leader receives 'excellent' letter from Trump
Exchange

North Korean leader receives 'excellent' letter from Trump

North Korean leader Kim Jong Un received a personal letter of "excellent content" from US President Donald Trump, the country's state media said Sunday, amid a nuclear deadlock between Pyongyang and Washington. Talks have been stalled since the collapse o
Published 24 Jun, 2019 12:00am
Israeli city cuts Jesus link from name to avoid confusion

Israeli city cuts Jesus link from name to avoid confusion

An Israeli city often confused with its famous neighbour Nazareth, where Christians believe Jesus was raised, has changed its name in the hope of consolidating its separate identity. A poll of over ten thousand residents of Nazareth Illit (Upper Nazareth)
Published 24 Jun, 2019 12:00am
India stampede leaves at least 14 dead

India stampede leaves at least 14 dead

At least 14 people were killed and dozens injured in a stampede at a religious gathering in northern India Sunday, after strong winds caused a large marquee to collapse. More than a thousand people were at the event in Rajasthan state, where Hindu religio
Published 24 Jun, 2019 12:00am
KP-EZDMC Board expresses dissatisfaction over CEO's reply

KP-EZDMC Board expresses dissatisfaction over CEO's reply

The Board of Directors (BoD), Khyber Pakhtunkhwa Economic Zone Development and Management Company (KP-EZDMC) has expressed dissatisfaction over the reply of the Chief Executive Officer (CEO) to the notice issued to him by the chairman, HR Committee. The c
Published 24 Jun, 2019 12:00am
FBR proposes enhanced value for immovable properties in 18 cities

FBR proposes enhanced value for immovable properties in 18 cities

The Federal Board of Revenue (FBR) has proposed enhanced values of immovable properties in 18 cities except Karachi and Quetta. According to the FBR, the Board intends to revise the value of immovable properties in various cities of Pakistan from July 1,
Published 24 Jun, 2019 12:00am
Abdul Sattar dies

Abdul Sattar dies

Former Foreign Minister Abdul Sattar has passed away here on Sunday. He was an illustrious diplomat and an accomplished author. He served as Pakistan's Foreign Secretary from 1986 to 1988.
Published 24 Jun, 2019 12:00am
WASA asked to clear SWDs

WASA asked to clear SWDs

Secretary Housing and Public Health Engineering Nasim Sadiq has directed WASA authorities for quality desilting of rain water drains and sewerage system to tackle the emergency like situation during the possible heavy rains in monsoon season. He was holdi
Published 24 Jun, 2019 12:00am
Maryam terms rumours of discord with Shahbaz baseless

Maryam terms rumours of discord with Shahbaz baseless

Pakistan Muslim League-Nawaz (PML-N) vice-president Maryam Nawaz said rumours of discord with Leader of the Opposition in the National Assembly and party president Shahbaz Sharif are baseless. Maryam Nawaz took to twitter and clarified that she has no dif
Published 24 Jun, 2019 12:00am
Corruption cases: PM gets angry over giving VIP protocol to accused

Corruption cases: PM gets angry over giving VIP protocol to accused

Prime Minister Imran Khan has reportedly directed the Ministry of Interior to approach provincial governments to discourage the practice of giving VIP protocol under the garb of security to the accused in corruption related cases, well informed sources to
Published 24 Jun, 2019 12:00am
England ease into quarters

England ease into quarters

Captain Steph Houghton set England on their way to the quarter-finals of the women's World Cup on Sunday with a 3-0 win over a Cameroon side who were left furious with several refereeing decisions and at one point appeared ready to walk off the pitch.
Published 24 Jun, 2019 12:00am
Agony for Australia as Norway, Germany reach World Cup quarters

Agony for Australia as Norway, Germany reach World Cup quarters

Germany cruised through to the quarter-finals of the women's World Cup on Saturday while Sam Kerr was one of two Australian players to miss from the spot as Norway dumped out the Matildas on penalties. Norway won 4-1 in a shoot-out following a 1-1 draw in
Published 24 Jun, 2019 12:00am
Brathwaite takes confidence from bitter-sweet ton

Brathwaite takes confidence from bitter-sweet ton

Carlos Brathwaite Saturday said he will take confidence from his valiant 101 that took West Indies close to victory only to lose the World Cup thriller by five runs against New Zealand. Brathwaite set up an exciting game with his 82-ball blitz after West
Published 24 Jun, 2019 12:00am
IOC opens new Lausanne headquarters

IOC opens new Lausanne headquarters

The Intern-ational Olympic Committee (IOC) on Sunday opened its new headquarters, built on its previous site in the Swiss city of Lausanne. IOC president Thomas Bach inaugurated the new building in front of several hundred invited guests. "On this very da
Published 24 Jun, 2019 12:00am
Kohli fined for 'excessive appealing' against Afghanistan

Kohli fined for 'excessive appealing' against Afghanistan

India captain Virat Kohli has been fined 25 percent of his match fee for "excessive appealing" in a tense World Cup victory over Afghanistan , the International Council announced on Sunday. The star batsman has also had one demerit point added to his disc
Published 24 Jun, 2019 12:00am
Brazil trounce Peru to reach Copa quarter-finals

Brazil trounce Peru to reach Copa quarter-finals

Peru goalkeeper Pedro Gallese committed a horrendous error as Brazil ensured top spot in their Copa America group on Saturday with a 5-0 victory in Sao Paulo. Goals from Casemiro, Roberto Firmino, Everton, Dani Alves and Willian ensured the Selecao would
Published 24 Jun, 2019 12:00am
Smikle wins Jamaican discus title

Smikle wins Jamaican discus title

Traves Smikle scored an upset win over world leader Fedric Dacres in the men's discus throw on Saturday at the Jamaican National Championships in Kingston. Dacres came into the nationals on the back of a monster performance less than a week ago when he th
Published 24 Jun, 2019 12:00am
Barty on top of tennis world

Barty on top of tennis world

Ashleigh Barty said it was an achievement in "another realm" to become only the second Australian woman to top the world rankings when she won the Birmingham WTA title on Sunday, beating Julia Goerges 6-3, 7-5. The 23-year-old French Open champion emulate
Published 24 Jun, 2019 12:00am
Federer crushes Goffin for 'unbelievable' 10th Halle title

Federer crushes Goffin for 'unbelievable' 10th Halle title

Roger Federer will head to Wimbledon in high spirits after waltzing past Belgium's David Goffin in straight sets to win a record-extending 10th title at the ATP event in Halle on Sunday. Federer, 37, beat Goffin 7-6 (7/2), 6-1 to secure his 102nd career s
Published 24 Jun, 2019 12:00am
Komal, Zeeshan retain KP Junior U-19 Squash titles

Komal, Zeeshan retain KP Junior U-19 Squash titles

National junior champion Komal Khan and national ranking Zeeshan Zeb retained their respective titles after securing victories in the Boys and Girls finals of the Khyber Pakhtunkhwa Junior U-19 Squash Championship played here at PAF Hashim Khan Squash Com
Published 24 Jun, 2019 12:00am
WHO offers global plan to fight superbugs

WHO offers global plan to fight superbugs

The World Health Organization (WHO) launched a global campaign Tuesday to curb the spread of antibiotic resistant germs through safer and more effective use of the life-saving drugs. The UN health agency said it had developed a classification system listi
Published 24 Jun, 2019 12:00am
Congo declares measles epidemic after it kills more than Ebola

Congo declares measles epidemic after it kills more than Ebola

Democratic Republic of Congo's government has declared an epidemic of measles, which the latest health ministry figures show has now killed at least 1,500 people, more than a hundred more than have died of Ebola. While health officials have focused on the
Published 24 Jun, 2019 12:00am
Himalayan glaciers melt twice as fast

Himalayan glaciers melt twice as fast

Himalayan glaciers are melting twice as fast now as they were before the turn of the century, according to a new study that relied on recently declassified Cold War-era satellite imagery. The study, which appeared in Science Advances on Wednesday, is the
Published 24 Jun, 2019 12:00am
Southern Asia urged to wind down coal to check warming

Southern Asia urged to wind down coal to check warming

Countries in South and Southeast Asia must end their reliance on coal power plants and switch to clean energy in order to meet pledges to curb climate change and tackle air pollution, researchers said on Thursday. A study from Perth-based think tank Clima
Published 24 Jun, 2019 12:00am
Tasty deals: apps help find unsold food and reduce waste

Tasty deals: apps help find unsold food and reduce waste

After a long day at work, Annekathrin Fiesinger is too tired to consider making dinner at home. So the 34-year-old uses her smart phone to check nearby restaurants, hotels or bakeries in Berlin for food being sold for a discount at the end of the day.
Published 24 Jun, 2019 12:00am
The smartphone: a global product

The smartphone: a global product

Smartphones are a product with which China has demonstrated not only its manufacturing prowess, but its ambitions to become a cutting-edge technology developer thanks to the rise of Huawei. The company is not just in the lead in developing equipment for f
Published 24 Jun, 2019 12:00am
Digital transformation gets bigger, better, bolder at LiveWorx'19

Digital transformation gets bigger, better, bolder at LiveWorx'19

A record crowd gathered in Boston last week for the annual LiveWorx event that brought together more than 6,400 of the industry's greatest minds from more than 40 countries (with approximately 7,000 more live-streaming the event) with content spanning dis
Published 24 Jun, 2019 12:00am
Internet users find ways to beat blackout in Sudan

Internet users find ways to beat blackout in Sudan

In a lush garden cafe in Sudan's capital, a group of youngsters sit eyes glued to mobile phone screens, seeking ways to bypass an internet blackout imposed by army rulers. "It's as if we have gone back in time - we are cut off from everything, even from t
Published 24 Jun, 2019 12:00am
Rolls-Royce boss laments Brexit distraction at Paris Airshow

Rolls-Royce boss laments Brexit distraction at Paris Airshow

Rolls-Royce chief executive Warren East said on Tuesday that uncertainties over Brexit remain an unwelcome distraction for the aerospace industry three years after Britain voted to leave the European Union. A delay to Britain's EU departure and the possib
Published 24 Jun, 2019 12:00am
Sanofi plans 466 job cuts as part of R&D reshuffle

Sanofi plans 466 job cuts as part of R&D reshuffle

Sanofi on Wednesday said a reorganisation of its research and development operation in Germany and France would result in 466 job cuts in the two countries. In an emailed statement, a spokesman with the French drugmaker said the reshuffle aimed at enablin
Published 24 Jun, 2019 12:00am
Delta invests in partner Korean Air, seeks expansion in Asia

Delta invests in partner Korean Air, seeks expansion in Asia

Delta Air Lines Inc said on Thursday it has acquired a 4.3 percent stake in partner Korean Air Lines Co Ltd's parent company with a view to expanding across Asia. The No 2 US airline said it intends to increase its stake in Hanjin Kal Corp, which owns abo
Published 24 Jun, 2019 12:00am
Delta invests in partner Korean Air, seeks expansion in Asia

Delta invests in partner Korean Air, seeks expansion in Asia

Delta Air Lines Inc said on Thursday it has acquired a 4.3 percent stake in partner Korean Air Lines Co Ltd's parent company with a view to expanding across Asia. The No 2 US airline said it intends to increase its stake in Hanjin Kal Corp, which owns abo
Published 24 Jun, 2019 12:00am
Huawei says European smart phones sales up 'in past few days'

Huawei says European smart phones sales up 'in past few days'

Huawei smartphone sales in Western Europe have risen "in the past few days" as customers grow more confident the Chinese company will weather US sanctions imposed last month, an executive for the Chinese firm said on Friday. Walter Ji, Western Europe cons
Published 24 Jun, 2019 12:00am
Huawei says European smart phones sales up 'in past few days'

Huawei says European smart phones sales up 'in past few days'

Huawei smartphone sales in Western Europe have risen "in the past few days" as customers grow more confident the Chinese company will weather US sanctions imposed last month, an executive for the Chinese firm said on Friday. Walter Ji, Western Europe cons
Published 24 Jun, 2019 12:00am
Virgin Atlantic orders 14 Airbus A330neos

Virgin Atlantic orders 14 Airbus A330neos

Europe's Airbus has agreed to sell 14 A330neo wide-body passenger jets to Virgin Atlantic in a deal valued at $4.1 billion, the companies announced at the Paris Airshow on Monday, with an option for the airline to order six more. The British airline place
Published 24 Jun, 2019 12:00am
J.P Morgan to convert Highbridge multi-strategy fund into credit fund

J.P Morgan to convert Highbridge multi-strategy fund into credit fund

J.P Morgan Chase & Co plans to convert its $2 billion Highbridge multi-strategy fund into a credit-focused fund as the bull market shows signs of slowing and clients want to invest elsewhere, a company spokesman said on Tuesday. The Highbridge fund, which
Published 24 Jun, 2019 12:00am
J.P Morgan to convert Highbridge multi-strategy fund into credit fund

J.P Morgan to convert Highbridge multi-strategy fund into credit fund

J.P Morgan Chase & Co plans to convert its $2 billion Highbridge multi-strategy fund into a credit-focused fund as the bull market shows signs of slowing and clients want to invest elsewhere, a company spokesman said on Tuesday. The Highbridge fund, which
Published 24 Jun, 2019 12:00am
Airbus, Boeing bag $17 billion of deals in Paris Airshow battle

Airbus, Boeing bag $17 billion of deals in Paris Airshow battle

Airbus and Boeing bagged more than $17 billion in plane deals on day two of the Paris Airshow as their sales teams scrapped for orders after a downturn in business at many airlines and the grounding of Boeing's top-selling jet. Airbus extended its early l
Published 24 Jun, 2019 12:00am
Libyan oil firm warns disrupting sector would fuel conflict

Libyan oil firm warns disrupting sector would fuel conflict

Libya's National Oil Company has warned that any bid to tamper with the sector could escalate unrest in the conflict-hit country, after the parliamentary speaker called for a halt to production. In a statement issued late Saturday, NOC said it "is concern
Published 24 Jun, 2019 12:00am
Aussie watchdog readies clampdown on Google, Facebook

Aussie watchdog readies clampdown on Google, Facebook

Australia's competition watchdog is poised to call for far-reaching new regulations on Facebook, Google and other tech giants which could have global ramifications for how they make money and choose the content people consume. The Australian Competition a
Published 24 Jun, 2019 12:00am
Qu Dongyu becomes first Chinese to head UN food agency FAO

Qu Dongyu becomes first Chinese to head UN food agency FAO

Qu Dongyu on Sunday became the first Chinese national to be elected to head the UN's Food and Agriculture Organization, clinching the post in the first round of voting. Qu, 55, a biologist by training, won 108 votes, followed by Catherine Geslain-Laneelle
Published 24 Jun, 2019 12:00am
Saudi Arabia launches special residency scheme to boost revenue

Saudi Arabia launches special residency scheme to boost revenue

Saudi Arabia on Sunday launched a new special residency scheme aimed at luring wealthy expats as the petro-state seeks to boost non-oil revenue. The scheme offers a permanent residency for 800,000 riyals ($213,000) and a one-year but renewable residency c
Published 24 Jun, 2019 12:00am
Trump says did not threaten to demote Fed's Powell

Trump says did not threaten to demote Fed's Powell

US President Donald Trump said on Sunday on NBC's 'Meet the Press' news program that he has the power to demote Federal Reserve Chairman Jerome Powell but has not threatened to do so. "I didn't ever threaten to demote him," Trump said. "I'd be able to do
Published 24 Jun, 2019 12:00am
Carrefour sells China business to Suning.com

Carrefour sells China business to Suning.com

French supermarket giant Carrefour said Sunday it had agreed to sell 80 percent of its China business to leading Chinese retailer Suning. One of the world's biggest food retailers, the French group is in the middle of a major reorganisation, with the deal
Published 24 Jun, 2019 12:00am
FedEx misses delivery of Huawei package to US, says China paper

FedEx misses delivery of Huawei package to US, says China paper

FedEx Corp said on Sunday an operational error prevented a Huawei Technologies package from being delivered to the United States, just weeks after the US delivery company said an error led to the Chinese firm's packages being misdirected. China's Global T
Published 24 Jun, 2019 12:00am
Flows into Asian money market funds jump on trade, growth worries

Flows into Asian money market funds jump on trade, growth worries

More money is flowing into safer assets such as money markets and bonds in Asia, data shows, as investors worry over slowing global growth, trade frictions and easier monetary policies. Data from Refinitiv Lipper showed investors bought $30 billion of Asi
Published 24 Jun, 2019 12:00am
Flows into Asian money market funds jump on trade, growth worries

Flows into Asian money market funds jump on trade, growth worries

More money is flowing into safer assets such as money markets and bonds in Asia, data shows, as investors worry over slowing global growth, trade frictions and easier monetary policies. Data from Refinitiv Lipper showed investors bought $30 billion of Asi
Published 24 Jun, 2019 12:00am
New tokens thrive in crypto market
Exchange

New tokens thrive in crypto market

Initial exchange offerings (IEOs) have been the latest darlings in raising funds for cryptocurrency projects, but intensifying regulatory scrutiny and investors' concern about the viability of the companies raising capital are flashing red flags.
Published 24 Jun, 2019 12:00am
Saudi index leads top ME markets lower
Exchange

Saudi index leads top ME markets lower

Middle Eastern stock markets fell on Sunday, led by Saudi Arabia, as political tensions ramped up after US President Donald Trump announcing new sanctions on Iran. Trump on Saturday said additional sanctions would be imposed on Monday but that he wanted t
Published 24 Jun, 2019 12:00am
Risks to Wall Street's rally abound despite record high

Risks to Wall Street's rally abound despite record high

The benchmark S&P 500 index hit a record high on Thursday as an almost giddy euphoria over the prospects of a US interest rate cut fueled the appetite for equities, but there are plenty of pitfalls that could throw the stock market off course.
Published 24 Jun, 2019 12:00am
Equity funds suck in biggest inflow in 15 months at $14.4bn

Equity funds suck in biggest inflow in 15 months at $14.4bn

Investors ploughed $14.4 billion into equity funds in the week to Wednesday, the biggest inflows in 15 months, Bank of America Merrill Lynch said on Friday, as a dovish turn by major central banks fired up markets. US equity funds enjoyed biggest inflows
Published 24 Jun, 2019 12:00am
Equity funds suck in biggest inflow in 15 months at $14.4bn

Equity funds suck in biggest inflow in 15 months at $14.4bn

Investors ploughed $14.4 billion into equity funds in the week to Wednesday, the biggest inflows in 15 months, Bank of America Merrill Lynch said on Friday, as a dovish turn by major central banks fired up markets. US equity funds enjoyed biggest inflows
Published 24 Jun, 2019 12:00am
Fallen angel? Pemex's wings clipped by bond market

Fallen angel? Pemex's wings clipped by bond market

Mexico's state oil producer Pemex is on the brink of making history as the global bond market's largest "fallen angel" ever, but in the eyes of the fixed-income world the debt-laden company has already lost its wings.
Published 24 Jun, 2019 12:00am
Fallen angel? Pemex's wings clipped by bond market

Fallen angel? Pemex's wings clipped by bond market

Mexico's state oil producer Pemex is on the brink of making history as the global bond market's largest "fallen angel" ever, but in the eyes of the fixed-income world the debt-laden company has already lost its wings.
Published 24 Jun, 2019 12:00am
US money market assets grow for eight weeks

US money market assets grow for eight weeks

US money market fund assets increased for an eighth straight week, bringing the total to the highest level in more than nine years as investors have been shifting cash into low-risk funds on trade worries, a private report released on Wednesday showed.
Published 24 Jun, 2019 12:00am
US money market assets grow for eight weeks

US money market assets grow for eight weeks

US money market fund assets increased for an eighth straight week, bringing the total to the highest level in more than nine years as investors have been shifting cash into low-risk funds on trade worries, a private report released on Wednesday showed.
Published 24 Jun, 2019 12:00am
Mercury climbs as Europe braces for summer scorcher

Mercury climbs as Europe braces for summer scorcher

Temperatures were climbing on Sunday as Europe braced for a blistering heatwave with the mercury set to hit 40 degrees Celsius (104 degrees Fahrenheit) as summer kicks in on the back of a wave of hot air from North Africa. Europeans are set to bake in wha
Published 24 Jun, 2019 12:00am
Syria regime air strikes kill five civilians

Syria regime air strikes kill five civilians

Syrian regime air strikes killed five civilians including two children Sunday in a northwestern bastion of the opposition, a war monitor said. The Idlib region of some three million people is supposed to be protected by a September buffer zone deal, but t
Published 24 Jun, 2019 12:00am
Italy holds Netherlands, EU 'responsible' for migrant boat

Italy holds Netherlands, EU 'responsible' for migrant boat

Italy's hardline interior minister Matteo Salvini said he would hold the Netherlands and the European Union "responsible" for the fate of 42 migrants that Rome has blocked from disembarking at Italian ports for over a week. The Dutch-flagged rescue boat S
Published 24 Jun, 2019 12:00am
Georgian protesters slam 'Putinism' as Moscow tensions soar

Georgian protesters slam 'Putinism' as Moscow tensions soar

Several thousand protesters took to the streets of Georgian capital Tbilisi for a fourth day on Sunday as tensions rose between Moscow and its ex-Soviet neighbour. The Tbilisi protests erupted after a Russian lawmaker addressed parliament from the speaker
Published 24 Jun, 2019 12:00am
Czechs demand PM quit in largest protest since communism

Czechs demand PM quit in largest protest since communism

Huge crowds flooded central Prague on Sunday demanding Prime Minister Andrej Babis step down over allegations of graft in a protest that organisers and local media claim drew around 250,000 people, making it the largest since the fall of communism in 1989
Published 24 Jun, 2019 12:00am
Boris Johnson under pressure to explain domestic 'row'

Boris Johnson under pressure to explain domestic 'row'

Boris Johnson, the strong favourite to become Britain's next prime minister, came under pressure from figures in his own party on Sunday to explain reports of a domestic "row" that led to a police visit. Although still heavily backed to beat Jeremy Hunt t
Published 24 Jun, 2019 12:00am
US and Taliban set date for new round of negotiations in Qatar

US and Taliban set date for new round of negotiations in Qatar

Taliban and US representatives will hold a new round of negotiations in the Qatari capital of Doha beginning on June 29, the militant group confirmed on Sunday. The date for the negotiations aimed at finding a peaceful solution to the prolonged Afghan con
Published 24 Jun, 2019 12:00am
Erdogan's party loses controversial replay of election

Erdogan's party loses controversial replay of election

Turkish President Recep Tayyip Erdogan suffered a major blow on Sunday as the opposition candidate in Istanbul's controversial mayoral election re-run romped to victory. Ekrem Imamoglu won the first vote in March by a tiny margin of just 13,000 votes in t
Published 24 Jun, 2019 12:00am
Moroccans protest against US-led Mideast economic plan

Moroccans protest against US-led Mideast economic plan

Thousands protested Sunday in Morocco against a planned conference in Bahrain where the economic component of a US-led plan for peace between Israel and the Palestinians is set to be unveiled. Demonstrators gathered in the capital Rabat burned an Israeli
Published 24 Jun, 2019 12:00am
India rejects US report on attacks on Muslims

India rejects US report on attacks on Muslims

India on Sunday rejected a US State Department's annual report on religious freedom that raised questions about the government's inability to curb violent attacks on the country's minority Muslims. Preparing for a visit by US Secretary of State Mike Pompe
Published 24 Jun, 2019 12:00am
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