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Asia stocks surge, yen dives on US data, Bank of Japan move HONG KONG: Asian markets rallied Friday and the dollar pushed towards 111 yen after Japan's central bank said it would expand its vast monetary easing scheme and the United States released forecast-busting economic growth data.Japanese clocked up massive gains of almost five percent to sit at a seven-year high after the Bank of Japan announced its surprise decision as it tries to drag the economy back to growth and avoid recession.The Nikkei jumped 4.83 percent, adding 755.56 points to 16,413.76 -- its highest since November 2007 -- with buying further boosted by a report that country's vast national pension fund would double its domestic equities holdings. The index is now in positive territory for the year to date.Sydney closed up 0.92 percent, or 50.4 points, at 5,526.6 and Seoul tacked on 0.28 percent, or 5.50 points, to end at 1,964.43.In the afternoon Hong Kong was up 1.23 percent and Shanghai ...

RECORDER REPORT: KSE mid day update KARACHI: On Friday, until mid day, KSE-100 Index was at 30283.04 with a positive change of 78.95 and volume of 33,109,550 shares.High and Low were 30308.84 and 30204.09 respectively. Total volume traded in the market was 64,382,990 shares with 313 total traded companies out of which 178 were up, 126 were down and 9 were unchanged.Household Goods was the top traded sector with total traded volume of 14,037,000 shares. It was followed by Commercial Banks ...

World Bank to cut net 250 jobs WASHINGTON: World Bank President Jim Yong Kim announced a net 250 job cuts Thursday -- the first major job reductions under his reorganization plans at the bulked-up development bank.Kim said in an internal memo obtained by AFP that the bank would eliminate about 500 positions in its Institutional, Governance and Administrative units -- including operations like finance and technology and oversight.In addition, around 70 currently unstaffed positions will be eliminated.The bank has about 9,000 staff ...

Japan's Nikkei 225 index soars over 5pc after BoJ easing TOKYO: Japanese shares surged more than five percent on Friday after the Bank of Japan ramped up its vast monetary easing programme, sending the yen into freefall.The benchmark Nikkei 225 index jumped 5.09 percent to 16,455.84 points following the surprise BoJ decision.After a one-day meeting, policymakers said they would add up to 20 trillion yen ($182 billion) to the central bank's current asset-buying scheme, bringing it to 80 trillion yen annually.The yen, meanwhile, plunged to ...

First lawsuit filed in Malaysia over MH370 KUALA LUMPUR: A Malaysian family on Friday sued the government and beleaguered national carrier for negligence in the mysterious disappearance of flight MH370, in what is believed to be the first lawsuit filed over the disaster.The suit was filed by lawyers on behalf of the two underage sons of Jee Jing Hang, who was on board the ill-fated Malaysia Airlines flight.Gary Chong, a lawyer for Jee's relatives, said the suit was filed in a Malaysian ...

Burkina Faso leader refuses to quit after day of violence OUAGADOUGOU: Burkina Faso's President Blaise Compaore on Thursday refused to give up power but called off a state of emergency imposed after a violent uprising against his 27-year rule that saw parliament set ablaze.It remained unclear who was in charge of the country after an earlier announcement by the army that it had taken control, dissolved parliament and would put in place a transitional government. Opposition figures said around 30 people had been killed and ...


Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln