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Print - 2019-07-28
Model courts to bring revolution in judicial system: CJP

Model courts to bring revolution in judicial system: CJP

Chief Justice of Pakistan Asif Saeed Khan Khosa on Saturday said establishing model courts, judicial academies, research centers and mechanism of complaint redressal introduced in the police will bring revolution in the judicial system. Speaking at the co
Published 28 Jul, 2019 12:00am
FY19 services trade deficit down 30 percent YoY

FY19 services trade deficit down 30 percent YoY

The country''s services trade deficit sharply declined by 30 percent during the last fiscal year (FY19) supported by lower imports. The country''s services sector trade statistics were very encouraging during the last fiscal year as services import bill f
Published 28 Jul, 2019 12:00am
FY19 services trade deficit down 30 percent YoY

FY19 services trade deficit down 30 percent YoY

The country's services trade deficit sharply declined by 30 percent during the last fiscal year (FY19) supported by lower imports. The country's services sector trade statistics were very encouraging during the last fiscal year as services import bill fel
Published 28 Jul, 2019 12:00am
FY19 services trade deficit down 30 percent YoY

FY19 services trade deficit down 30 percent YoY

The country's services trade deficit sharply declined by 30 percent during the last fiscal year (FY19) supported by lower imports. The country's services sector trade statistics were very encouraging during the last fiscal year as services import bill fel
Published 28 Jul, 2019 12:00am
NAB begins inquiry into ZTBL 'illegal' appointments

NAB begins inquiry into ZTBL 'illegal' appointments

The National Accountability Bureau (NAB) has reportedly started an inquiry into "illegal" appointments in the Zarai Taraqiati Bank Limited (ZTBL), well-informed sources told Business Recorder. This process has begun on the basis of different applic
Published 28 Jul, 2019 12:00am
NAB begins inquiry into ZTBL 'illegal' appointments

NAB begins inquiry into ZTBL 'illegal' appointments

The National Accountability Bureau (NAB) has reportedly started an inquiry into "illegal" appointments in the Zarai Taraqiati Bank Limited (ZTBL), well-informed sources told Business Recorder. This process has begun on the basis of different applic
Published 28 Jul, 2019 12:00am
Ivanka Trump offers support for women empowerment in Pakistan

Ivanka Trump offers support for women empowerment in Pakistan

Special Assistant to the Prime Minister on Overseas Pakistanis and Human Development, Zulfiqar Bukhari held a meeting with Ivanka Trump, the adviser to the US President Donald Trump. Reportedly, both officials agreed to enhance coordination in diverse fie
Published 28 Jul, 2019 12:00am
Ivanka Trump offers support for women empowerment in Pakistan

Ivanka Trump offers support for women empowerment in Pakistan

Special Assistant to the Prime Minister on Overseas Pakistanis and Human Development, Zulfiqar Bukhari held a meeting with Ivanka Trump, the adviser to the US President Donald Trump. Reportedly, both officials agreed to enhance coordination in diverse fie
Published 28 Jul, 2019 12:00am
Shahbaz terms removal of AC attack on Nawaz's health

Shahbaz terms removal of AC attack on Nawaz's health

PML-N president and opposition leader in the National Assembly Shahbaz Sharif has apprehended kidney failure of jailed Nawaz Sharif if air conditioner is removed from his cell. In a letter written to Chief Secretary Punjab, Shahbaz said that former Prime
Published 28 Jul, 2019 12:00am
Shahbaz terms removal of AC attack on Nawaz's health

Shahbaz terms removal of AC attack on Nawaz's health

PML-N president and opposition leader in the National Assembly Shahbaz Sharif has apprehended kidney failure of jailed Nawaz Sharif if air conditioner is removed from his cell. In a letter written to Chief Secretary Punjab, Shahbaz said that former Prime
Published 28 Jul, 2019 12:00am
Sanitation bodies directed to make cleanliness plans for Eidul Azha

Sanitation bodies directed to make cleanliness plans for Eidul Azha

KP Minister for Local Governments and Rural Development (LG&RD), Shahram Khan Tarakai has directed Peshawar Development Authority (PDA), Galiyat Development Authority (GDA), Kaghan Development Authority (KDA) and Water Supply & Sanitation Programmes (WSSP
Published 28 Jul, 2019 12:00am
Hostile forces wanted to stop fencing along Pak-Afghan border: Murad

Hostile forces wanted to stop fencing along Pak-Afghan border: Murad

Paying rich tribute to the martyr soldiers in Balochistan and North Waziristan, Federal Minister for Postal Services and Communications Murad Saeed on Saturday said that hostile forces wanted to stop fencing along Pak-Afghan border so as they could fulfil
Published 28 Jul, 2019 12:00am
PM's visit brings $125 million US support for F-16 jets: Firdous

PM's visit brings $125 million US support for F-16 jets: Firdous

Special Assistant to the Prime Minister on Information & Broadcasting Firdous Ashiq Awan has said that positive results of Prime Minister Imran Khan's visit to the US have started coming to fore. In a tweet on Saturday, she referred to the US announcement
Published 28 Jul, 2019 12:00am
'Iran missile tests defensive'

'Iran missile tests defensive'

Iran's missile tests are part of the country's defensive needs and are not directed against any country, and Tehran does not need any power's permission, the semi-official news agency Fars on Saturday quoted an Iranian military source as saying. A US defe
Published 28 Jul, 2019 12:00am
US Supreme Court says Trump can spend military funds on wall

US Supreme Court says Trump can spend military funds on wall

The US Supreme Court on Friday ruled in favor of President Donald Trump, allowing him to proceed with plans to divert billions of dollars in Pentagon funds towards construction of his border wall with Mexico. "Wow! Big VICTORY on the Wall," Trump tweeted
Published 28 Jul, 2019 12:00am
US Supreme Court says Trump can spend military funds on wall

US Supreme Court says Trump can spend military funds on wall

The US Supreme Court on Friday ruled in favor of President Donald Trump, allowing him to proceed with plans to divert billions of dollars in Pentagon funds towards construction of his border wall with Mexico. "Wow! Big VICTORY on the Wall," Trump tweeted
Published 28 Jul, 2019 12:00am
CoAS terms attacks 'dying efforts of frustrated inimical forces'

CoAS terms attacks 'dying efforts of frustrated inimical forces'

Chief of Army Staff (CoAS) General Qamar Jawed Bajwa termed on Saturday recent terrorist attacks in which ten personnel of the Pakistan armed forces were martyred "dying efforts of frustrated inimical forces." In a tweet, the Director General Inter-Servic
Published 28 Jul, 2019 12:00am
CoAS terms attacks 'dying efforts of frustrated inimical forces'

CoAS terms attacks 'dying efforts of frustrated inimical forces'

Chief of Army Staff (CoAS) General Qamar Jawed Bajwa termed on Saturday recent terrorist attacks in which ten personnel of the Pakistan armed forces were martyred "dying efforts of frustrated inimical forces." In a tweet, the Director General Inter-Servic
Published 28 Jul, 2019 12:00am
Captain, nine troops martyred in KP, Balochistan terror incidents: ISPR

Captain, nine troops martyred in KP, Balochistan terror incidents: ISPR

Ten soldiers including a captain embraced martyrdom in two terror incidents in Khyber Pakhtunkhwa and Balochistan. The Inter-Services Public Relations (ISPR) said on Friday that in the first incident, terrorists from across the border fire raided on Pakis
Published 28 Jul, 2019 12:00am
Captain, nine troops martyred in KP, Balochistan terror incidents: ISPR

Captain, nine troops martyred in KP, Balochistan terror incidents: ISPR

Ten soldiers including a captain embraced martyrdom in two terror incidents in Khyber Pakhtunkhwa and Balochistan. The Inter-Services Public Relations (ISPR) said on Friday that in the first incident, terrorists from across the border fire raided on Pakis
Published 28 Jul, 2019 12:00am
China''s Iran oil imports plunge as US sanctions bite

China''s Iran oil imports plunge as US sanctions bite

China''s crude oil imports from Iran sank almost 60 percent in June from a year earlier, Chinese customs data showed on Saturday, following the end of a waiver on US sanctions at the start of May. Crude shipment from Iran were 855,638 tonnes last month, o
Published 28 Jul, 2019 12:00am
China's Iran oil imports plunge as US sanctions bite

China's Iran oil imports plunge as US sanctions bite

China's crude oil imports from Iran sank almost 60 percent in June from a year earlier, Chinese customs data showed on Saturday, following the end of a waiver on US sanctions at the start of May. Crude shipment from Iran were 855,638 tonnes last month, or
Published 28 Jul, 2019 12:00am
China's Iran oil imports plunge as US sanctions bite

China's Iran oil imports plunge as US sanctions bite

China's crude oil imports from Iran sank almost 60 percent in June from a year earlier, Chinese customs data showed on Saturday, following the end of a waiver on US sanctions at the start of May. Crude shipment from Iran were 855,638 tonnes last month, or
Published 28 Jul, 2019 12:00am
Afghan-Taliban talks could happen within two weeks

Afghan-Taliban talks could happen within two weeks

Direct talks between the Afghan government and the Taliban could begin in Norway within the next two weeks, officials and sources said Saturday, marking a potentially crucial step in efforts to end the war. The Taliban have so far refused to speak to the
Published 28 Jul, 2019 12:00am
Afghan-Taliban talks could happen within two weeks

Afghan-Taliban talks could happen within two weeks

Direct talks between the Afghan government and the Taliban could begin in Norway within the next two weeks, officials and sources said Saturday, marking a potentially crucial step in efforts to end the war. The Taliban have so far refused to speak to the
Published 28 Jul, 2019 12:00am
Mullah Baradar-led Doha office team may visit Pakistan

Mullah Baradar-led Doha office team may visit Pakistan

To push forward the Afghan peace process, a delegation of Afghan Taliban's Doha political office is likely to visit Pakistan soon for a meeting with Prime Minister Imran Khan and other senior relevant officials. Diplomatic sources told Business Recorde
Published 28 Jul, 2019 12:00am
Mullah Baradar-led Doha office team may visit Pakistan

Mullah Baradar-led Doha office team may visit Pakistan

To push forward the Afghan peace process, a delegation of Afghan Taliban's Doha political office is likely to visit Pakistan soon for a meeting with Prime Minister Imran Khan and other senior relevant officials. Diplomatic sources told Business Recorde
Published 28 Jul, 2019 12:00am
Five export-oriented sectors: FBR extends ERS scope

Five export-oriented sectors: FBR extends ERS scope

The Federal Board of Revenue (FBR) has extended the scope of Expeditious Refund System (ERS) to the five export-oriented sectors for automated payment of refunds to the exporters through electronically generated refund payment orders (RPOs). According to
Published 28 Jul, 2019 12:00am
Five export-oriented sectors: FBR extends ERS scope

Five export-oriented sectors: FBR extends ERS scope

The Federal Board of Revenue (FBR) has extended the scope of Expeditious Refund System (ERS) to the five export-oriented sectors for automated payment of refunds to the exporters through electronically generated refund payment orders (RPOs). According to
Published 28 Jul, 2019 12:00am
Five export-oriented sectors: FBR extends ERS scope

Five export-oriented sectors: FBR extends ERS scope

The Federal Board of Revenue (FBR) has extended the scope of Expeditious Refund System (ERS) to the five export-oriented sectors for automated payment of refunds to the exporters through electronically generated refund payment orders (RPOs). According to
Published 28 Jul, 2019 12:00am
ECC to consider issuance of Rs 200 billion Sukuk-II on July 31

ECC to consider issuance of Rs 200 billion Sukuk-II on July 31

The Economic Coordination Committee (ECC) of the Cabinet will consider the issuance of Rs 200 billion Sukuk bonds next week to pay circular debt in energy sector, it is learnt. Official sources revealed to Business Recorder that the ECC meeting is
Published 28 Jul, 2019 12:00am
ECC to consider issuance of Rs 200 billion Sukuk-II on July 31

ECC to consider issuance of Rs 200 billion Sukuk-II on July 31

The Economic Coordination Committee (ECC) of the Cabinet will consider the issuance of Rs 200 billion Sukuk bonds next week to pay circular debt in energy sector, it is learnt. Official sources revealed to Business Recorder that the ECC meeting is
Published 28 Jul, 2019 12:00am
ECC to consider issuance of Rs 200 billion Sukuk-II on July 31

ECC to consider issuance of Rs 200 billion Sukuk-II on July 31

The Economic Coordination Committee (ECC) of the Cabinet will consider the issuance of Rs 200 billion Sukuk bonds next week to pay circular debt in energy sector, it is learnt. Official sources revealed to Business Recorder that the ECC meeting is
Published 28 Jul, 2019 12:00am
ECC to consider issuance of Rs 200 billion Sukuk-II on July 31

ECC to consider issuance of Rs 200 billion Sukuk-II on July 31

The Economic Coordination Committee (ECC) of the Cabinet will consider the issuance of Rs 200 billion Sukuk bonds next week to pay circular debt in energy sector, it is learnt. Official sources revealed to Business Recorder that the ECC meeting is
Published 28 Jul, 2019 12:00am
Dar's residence confiscated

Dar's residence confiscated

The district administration on Saturday confiscated former finance minister Ishaq Dar's residence in Lahore following the directives of the National Accountability Bureau (NAB). According to Model Town assistant commissioner Zeeshan Ranjha, police have be
Published 28 Jul, 2019 12:00am
Dar's residence confiscated

Dar's residence confiscated

The district administration on Saturday confiscated former finance minister Ishaq Dar's residence in Lahore following the directives of the National Accountability Bureau (NAB). According to Model Town assistant commissioner Zeeshan Ranjha, police have be
Published 28 Jul, 2019 12:00am
Heavy rains hit parts of Punjab, KP

Heavy rains hit parts of Punjab, KP

Heavy rains in the early hours of Saturday turned weather pleasant in parts of Punjab and Khyber Pakhtunkhwa. Several cities of Punjab, including Mianwali, Hafizabad, Jhelum, Gujranwala, Sialkot and Sargodha received heavy rainfall while parts of Azad Kas
Published 28 Jul, 2019 12:00am
Heavy rains hit parts of Punjab, KP

Heavy rains hit parts of Punjab, KP

Heavy rains in the early hours of Saturday turned weather pleasant in parts of Punjab and Khyber Pakhtunkhwa. Several cities of Punjab, including Mianwali, Hafizabad, Jhelum, Gujranwala, Sialkot and Sargodha received heavy rainfall while parts of Azad Kas
Published 28 Jul, 2019 12:00am
Your rupee last half year
Exchange

Your rupee last half year

Following currency fluctuations took place in foreign exchange rates during the last half year. (January 02 to June 28 2019).

Published 28 Jul, 2019 12:00am
The Weather

The Weather

The weather report on Saturday (July 27, 2019) and the forecast for Sunday (July 28, 2019).

Published 28 Jul, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 27, 2019).

Published 28 Jul, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 27, 2019).

Published 28 Jul, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 27, 2019).

Published 28 Jul, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 27, 2019)

Published 28 Jul, 2019 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 27, 2019).

Published 28 Jul, 2019 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 27, 2019).

Published 28 Jul, 2019 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 27, 2019).

Published 28 Jul, 2019 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 27, 2019).

Published 28 Jul, 2019 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee showed no change against the dollar on the money market on Saturday in the process of trading activity, dealers said.
Published 28 Jul, 2019 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee showed no change against the dollar on the money market on Saturday in the process of trading activity, dealers said.
Published 28 Jul, 2019 12:00am
Atletico humble Real Madrid 7-3

Atletico humble Real Madrid 7-3

Diego Costa scored four goals as Atletico Madrid embarrassed La Liga rivals Real Madrid 7-3 Friday in a pre-season friendly at MetLife Stadium. Costa had a hat-trick by halftime and added one more goal before he was sent off in the 63rd, when both teams w
Published 28 Jul, 2019 12:00am
Archer in England squad for Ashes opener

Archer in England squad for Ashes opener

Uncapped fast bowler Jofra Archer has been included in England's 14-man squad announced Saturday for next week's Ashes opener against Australia, with all-rounder Ben Stokes re-appointed as vice-captain. The pair both enjoyed starring roles in England's st
Published 28 Jul, 2019 12:00am
Bernal wraps up 'incredible' Tour de France

Bernal wraps up 'incredible' Tour de France

Egan Bernal all but clinched victory in the Tour de France defending his overnight lead in the penultimate stage which left the Colombian only needing to cross the finish line on Sunday's parade into Paris to win the 2019 edition. The champion in waiting
Published 28 Jul, 2019 12:00am
PAF, Police advance in Challenge Football Cup

PAF, Police advance in Challenge Football Cup

Pakistan Air Force (PAF) and Pakistan Police advanced to next round after registering victories against their respective rivals in the ongoing 28th PFF National Challenge Football Cup being played here at Tehmas Khan Football Stadium on Saturday. Colonel
Published 28 Jul, 2019 12:00am
Ledecky hits back to win 15th world gold

Ledecky hits back to win 15th world gold

American swim queen Katie Ledecky said watching records tumble at the world championships inspired her to win a fourth straight 800m gold Saturday despite an illness that threatened to derail her. Ledecky, 22, withdrew from her 1,500m title defence and 20
Published 28 Jul, 2019 12:00am
Australian's positive test hits world swim championships

Australian's positive test hits world swim championships

Australian relay world-record holder Shayna Jack denied wrongdoing on Saturday after she failed a drugs test and was forced to miss the swimming world championships in South Korea. The 20-year-old, part of Australia's 4x100m freestyle team that set a worl
Published 28 Jul, 2019 12:00am
Bangladesh fined for slow over-rate in Sri Lanka loss

Bangladesh fined for slow over-rate in Sri Lanka loss

Bangladesh have been fined for maintaining a slow over-rate in Friday's first one-day international against Sri Lanka in Colombo, the International Cricket Council said Saturday. Bangladesh was found to be two overs short of their target after time allowa
Published 28 Jul, 2019 12:00am
Bangladesh hire Vettori, Langeveldt as bowling coaches

Bangladesh hire Vettori, Langeveldt as bowling coaches

The Bangladesh Cricket Board (BCB) announced on Saturday ex-New Zealand captain Daniel Vettori and former South African pacer Charl Langeveldt had been appointed bowling coaches. Vettori, taking over from Sunli Joshi, will oversee the spinners on a short-
Published 28 Jul, 2019 12:00am
New York cocoa seen edging up

New York cocoa seen edging up

New York cocoa prices are forecast to end the year marginally above current levels as the market looks set to flip into deficit in the 2019/20 season, a Reuters poll of 10 analysts and traders showed on Thursday. ICE New York cocoa was expected to end the
Published 28 Jul, 2019 12:00am
China's June soya imports from US fall 2.5 percent

China's June soya imports from US fall 2.5 percent

China's soyabean imports from the United States fell 2.5% in June compared with the same month a year earlier, customs data showed on Saturday, as renewed trade tensions between Beijing and Washington curbed buying. China brought in 614,805 tonnes of soya
Published 28 Jul, 2019 12:00am
Oil output cuts weigh on growth outlook for Gulf Arab economies

Oil output cuts weigh on growth outlook for Gulf Arab economies

Extended oil production cuts are lowering expectations for growth in Gulf economies, a quarterly Reuters poll of around 30 economists showed on Wednesday. Supply cuts to support prices led by the Organization of the Petroleum Exporting Countries and some
Published 28 Jul, 2019 12:00am
Brazil soyabeans lose protein, China sales at risk

Brazil soyabeans lose protein, China sales at risk

The protein content in Brazilian soyabeans fell for the first time in four harvests in 2018, according to preliminary government data, a development that has already cost Brazilian companies business with top buyer China. Declining protein levels in Brazi
Published 28 Jul, 2019 12:00am
CBOT corn futures slump

CBOT corn futures slump

Chicago Board of Trade (CBOT) corn futures slipped on Thursday, after government export sales data showed less-than-expected demand for US grain stocks. CBOT September corn settled down 5-1/2 cents at $4.18-1/2 per bushel. New-crop December corn closed do
Published 28 Jul, 2019 12:00am
China's June net gold imports slump to nine months low

China's June net gold imports slump to nine months low

China's net gold imports via Hong Kong in June tumbled about 35% from the previous month to the lowest in nine months in part due to a seasonal slowdown in the jewellery industry, data from the Hong Kong Census and Statistics Department showed on Thursday
Published 28 Jul, 2019 12:00am
Ukraine to harvest 70 million tons of grain

Ukraine to harvest 70 million tons of grain

Ukraine, which expects its 2019 grain crop to be in line with last year's level of around 70 million tonnes, had harvested 27 million tonnes of early grains by July 25, the agriculture ministry said on Thursday.
Published 28 Jul, 2019 12:00am
Negative yields see record euro borrowing from emerging markets
Currency

Negative yields see record euro borrowing from emerging markets

Emerging market borrowers are loading up with record amounts of euro-denominated debt in anticipation of even more deeply negative interest rates and protracted easy money from the European Central Bank. Year-to-date sales of euro-denominated debt by emer
Published 28 Jul, 2019 12:00am
Negative yields see record euro borrowing from emerging markets
Currency

Negative yields see record euro borrowing from emerging markets

Emerging market borrowers are loading up with record amounts of euro-denominated debt in anticipation of even more deeply negative interest rates and protracted easy money from the European Central Bank. Year-to-date sales of euro-denominated debt by emer
Published 28 Jul, 2019 12:00am
Egypt's Fawry sets IPO price at 6.46 Egyptian pounds
Exchange

Egypt's Fawry sets IPO price at 6.46 Egyptian pounds

Egyptian digital payment company Fawry has set the price for its initial public offering (IPO) at 6.46 Egyptian pounds ($0.3906), it said on Friday. The company said it is planning to offer 254.6 million ordinary shares, representing 36% of its share capi
Published 28 Jul, 2019 12:00am
Egypt's Fawry sets IPO price at 6.46 Egyptian pounds
Exchange

Egypt's Fawry sets IPO price at 6.46 Egyptian pounds

Egyptian digital payment company Fawry has set the price for its initial public offering (IPO) at 6.46 Egyptian pounds ($0.3906), it said on Friday. The company said it is planning to offer 254.6 million ordinary shares, representing 36% of its share capi
Published 28 Jul, 2019 12:00am
Oman issues $3 billion bonds out of nearly $14 billion in demand

Oman issues $3 billion bonds out of nearly $14 billion in demand

Oman raised $3 billion with its first foray in the international debt markets this year after receiving strong demand from global investors hunting for high returns in a low yield environment. Investors made orders worth nearly $14 billion for papers offe
Published 28 Jul, 2019 12:00am
Oman issues $3 billion bonds out of nearly $14 billion in demand

Oman issues $3 billion bonds out of nearly $14 billion in demand

Oman raised $3 billion with its first foray in the international debt markets this year after receiving strong demand from global investors hunting for high returns in a low yield environment. Investors made orders worth nearly $14 billion for papers offe
Published 28 Jul, 2019 12:00am
Russian stocks seen rising 25 percent by mid-2020

Russian stocks seen rising 25 percent by mid-2020

Russia's benchmark RTS stock index may rise by 25% by mid-2020 as the Russian market attracts new investors, the CEO of VTB Capital Investments, part Russia's second-largest state-run bank VTB, told Reuters. The Russian stock market has outperformed many
Published 28 Jul, 2019 12:00am
Alphabet, Starbucks drive Wall Street to record high
Exchange

Alphabet, Starbucks drive Wall Street to record high

Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing US economic growth slowed less than expected in the second quarter. The US Commerce Department said GDP increased a
Published 28 Jul, 2019 12:00am
Swedish, Norwegian currencies to strengthen

Swedish, Norwegian currencies to strengthen

The currencies of Sweden and Norway will strengthen over the coming year as rate-setters in the two countries pursue a more hawkish monetary policy path than other major economies, on the back of strong domestic growth, a Reuters poll showed on Friday. Th
Published 28 Jul, 2019 12:00am
Bullish dollar bets inch up

Bullish dollar bets inch up

Speculators modestly increased their net long US dollar bets in the week ending July 23 to $15.32 billion from $15.20 billion in the prior period, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday. Th
Published 28 Jul, 2019 12:00am
Canadian dollar steadies
Exchange

Canadian dollar steadies

The Canadian dollar was little changed against its US counterpart on Friday, recovering from an earlier one-month low which it hit after better-than-expected US data and the ruling out of currency intervention by a top White House adviser. The Trump admin
Published 28 Jul, 2019 12:00am
Facebook firm in its quest to launch Libra
Kerb

Facebook firm in its quest to launch Libra

Facebook chief executive Mark Zuckerberg on Wednesday reaffirmed his commitment to the social network's quest to launch Libra cryptocurrency despite pushback from governments and critics. Facebook last month unveiled plans for Libra in an announcement tha
Published 28 Jul, 2019 12:00am
Dollar hits two-month peaks on weak US data
Currency

Dollar hits two-month peaks on weak US data

The dollar reached two-month peaks on Friday, as better-than-expected US growth data did not alter the view the Federal Reserve would soon lower rates for the first time in a decade. The dollar's rise was also helped by widening yield differentials betwee
Published 28 Jul, 2019 12:00am
London Stock Exchange in talks to buy Refinitiv for $27 billion
Exchange

London Stock Exchange in talks to buy Refinitiv for $27 billion

The London Stock Exchange Group Plc said on Friday it was in discussions to acquire financial data analytics provider Refinitiv Holdings Ltd for $27 billion, including debt. The deal would come less than a year after buyout firm Blackstone Group Inc acqui
Published 28 Jul, 2019 12:00am
Italy pledges to complete rail link with France

Italy pledges to complete rail link with France

Italy has written to the European Union pledging to complete a rail link with France, according to the European Parliament president David Sassoli. The Italian commitment to the controversial project, which includes a 58-km (36-mile) tunnel through the Al
Published 28 Jul, 2019 12:00am
India cuts tax rate on electric vehicles to boost uptake

India cuts tax rate on electric vehicles to boost uptake

India on Saturday slashed taxes on electric vehicles and chargers, as it looks to encourage the use of more environmentally friendly cars. The goods and services tax (GST) on electric vehicles and chargers was reduced to 5% from a previous 12% and 18% res
Published 28 Jul, 2019 12:00am
China rare earth magnet exports to US fall 3.9 percent

China rare earth magnet exports to US fall 3.9 percent

China's exports of rare earth magnets to the United States fell 3.9% in June from the previous month, customs data showed on Saturday, as concerns persist that Beijing will curb supply of rare earth products as part of its trade war with Washington.
Published 28 Jul, 2019 12:00am
France aims for US digital tax deal by late August

France aims for US digital tax deal by late August

France wants to reach a deal with the US on taxing tech giants by a G7 meeting in late August, Economy Minister Bruno Le Maire said Saturday. He was responding to US President Donald Trump, who on Friday vowed "substantial" retaliation against France for
Published 28 Jul, 2019 12:00am
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