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Kerry says major powers, Iran 'closer than ever' to final nuclear deal UNITED NATIONS: US Secretary of State John Kerry has said that major powers and Iran are 'closer than ever' to a good comprehensive agreement on the country's nuclear programme."We are, in fact, closer than ever to the good, comprehensive deal that we have been seeking, and if we can get there, the entire world will be safer," Kerry said on Monday. "The hard work is far from over and some key issues remain unresolved," he added.He made the comments during a speech at the 2015 Review Conference of the Parties to the Treaty on the Non-Proliferation of Nuclear Weapons.The top US diplomat also said a finalized and implemented deal would "give the international community the confidence that it needs to know that Iran's nuclear program is indeed exclusively peaceful."Kerry on Monday met with Iran's Foreign Minister Mohammad Javad Zarif on the sidelines of the conference in New York City.Following the ...

Asian stocks mostly down, but weak yen boosts Tokyo HONG KONG: Asian markets mostly fell on Tuesday following losses on Wall Street, with Shanghai losing more than one percent a day after hitting a seven-year high.Hopes of a deal between Greece and its creditors over its bailout terms provided a measure of support for the euro after Athens reshuffled its negotiating team following months of fruitless talks.Shanghai retreated 1.13 percent, or 51.18 points, to 4,476.21 while Hong Kong was flat, edging up 9.16 points ...

Total's Q1 profit declines on depressed oil prices PARIS: French oil giant Total announced a 20 percent fall in first quarter profits on Tuesday due to slumping oil prices and disruption of its activities because of violence in Yemen and Libya.Total said in a statement that profits for the first three months of the year dropped to $2.6 billion (2.4 billion euros) from $3.3 billion during the same period last year, on 30 percent lower sales of $42.3 billion.The company said the profit ...

Nepal quake toll could reach 10,000, govt on 'war footing': PM KATHMANDU: The death toll in Nepal's earthquake could reach 10,000, Prime Minister Sushil Koirala told Reuters on Tuesday, ordering intensified rescue efforts and appealing for foreign supplies of tents and medicines."The government is doing all it can for rescue and relief on a war footing," Koirala said in an interview. "It is a challenge and a very difficult hour for Nepal."Copyright Reuters, 2015

BP says profit slides 26 percent in first quarter LONDON: British energy giant BP on Tuesday announced sliding net profit for the first quarter of the year on plunging oil prices and compared with the first three months of 2014.Profit after tax stood at $2.6 billion (2.4 billion euros) between January and March compared with net profit of $3.5 billion in the first quarter of 2014, BP said in an earnings statement."We are resetting and rebalancing BP to meet the challenges of a possible ...

RECORDER REPORT: KSE mid day update KARACHI: On Tuesday, until mid day, KSE-100 Index was at 33819.54 with a positive change of -24.76 and volume of 60,193,060 shares.High and Low were 33968.22 and 33791.64 respectively. Total volume traded in the market was 107,804,260 shares with 288 total traded companies out of which 99 were up, 177 were down and 12 were unchanged.COMMERCIAL BANKS was the top traded sector with total traded volume of 36,942,300 shares. It was followed by FERTILIZER with ...


ArrowDJIA 18,037.97 0.23
ArrowNasdaq 5,060.25 0.63
ArrowS&P 2,108.92 0.41
ArrowFTSE 7,103.98 0.47
ArrowDAX 12,039.16 1.93
ArrowCAC-40 5,268.91 1.30
ArrowNikkei 19,983.32 0.18
ArrowH.Seng 28,433.59 1.33
ArrowSensex 27,176.99 0.95

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln