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Global regulators have written the first global capital rule for insurers, marking a key milestone in efforts since the 2007-09 financial crisis to reinforce supervision of the sector. The aim is to make sure big insurers hold enough capital at all times to meet commitments to policyholders and withstand the ups and downs in markets.

China's Communist Party leaders expelled several members at a key summit Thursday and "set a blueprint for rule of law in the world's second-largest economy", official media said. More than 360 full and reserve members of the party's Central Committee gathered at a Beijing hotel this week for the highly-anticipated meeting, known as the Fourth Plenum.
The gunman in Wednesday's attack on Canada's capital Ottawa acted alone and there was no apparent link to an attack in Quebec earlier in the week, security officials said on Thursday. Michael Zehaf-Bibeau, 32, was a Canadian citizen who may also have held Libyan citizenship, said Bob Paulson, commissioner of the Royal Canadian Mounted Police.
The chairman of Britain's biggest retailer Tesco resigned on Thursday as the troubled supermarket group said a huge accounting error began earlier than thought and contributed to plunging profits. Chairman Richard Broadbent said he would be stepping down after an independent investigation found that Tesco had overstated profits by £263 million ($422 million, 334 million euros) as a result of accounting errors stretching back to before 2013.
A positive trend prevailed at the Karachi share market Thursday and the benchmark index KSE-100 closed above 30,000 points level. The index gained another 85 points to reach 30,025 points compared to 29,940 points Wednesday. During the intraday trading, the index fluctuated in red and green zones, touching 30,049 points highest and 29,938 points lowest levels. Following a positive trend, the volume moved upward as overall some 191 million shares were traded compared to 172 million in the previous session.
Equities on Thursday extended further gains amid decreased trading turnover on the Lahore Stock Exchange. The LSE-25 index was marginally improved by 3.21 points to close at 5292.66 against 5289.45 of Wednesday while transaction volume was squeezed to 1.315 million shares compared with day earlier volume of 2.208 million shares.
On Thurs-day, BRIndex30 opened at 16,089.50 points. It touched an intraday high of 16,186.10 points and an intraday low of 16,078.34 points and closed at 16,157.52 points which was 68.02 points or 0.42 percent higher than previous close. Total volume was 82,737,000, which was 43.26 percent of KSE All share volume and 76.28 percent of KSE 100 volume. The KSE All Share volume was 191,242,880 and KSE 100 volume was 108,461,400.


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln