Archive of December 2018

500-euro note gets last print run

PARIS: The eurozone is moving to stop printing 500-euro banknotes, the violet-coloured bills that authorities fear are favoured by criminals, with most of the 19...

China’s Xi pledges to continue reforms, open markets

BEIJING: China will continue market reforms and open its doors to the world in the face of a challenging geopolitical landscape, President Xi Jinping pledged...

Markets stagger towards end of worst year since financial crisis

LONDON: World stock markets staggered Monday towards the end of their worst year since the global financial crisis a decade ago, rocked by rising interest...

Dubai stocks limp to end of worst year since financial crisis

DUBAI: Dubai's stock market ended 2018 on Monday with a 25-percent annual loss, the worst year since the global financial crisis a decade ago, as...

Trump softens Syria pullout schedule but claims ‘hero’ status

WASHINGTON: President Donald Trump appeared Monday to water down shock plans for an immediate pullout of US troops from Syria, even as he defiantly claimed...

RECORDER REPORT: PSX close of day

KARACHI: BRINDEX-30 closed on the lower side on Monday at 20,337.13 points with a negative change of -131.55 and volume of 119,030,000 shares. ...

Flower says Fakhar Zaman needs to ‘adapt’ to succeed

Pakistan opening batsman Fakhar Zaman needs to change the way he plays the game in home conditions if he want to succeed in the South...

Saudi Aramco buys remaining 50 pct of rubber joint venture from Lanxess

DUBAI: Saudi Aramco has completed its acquisition of a 50 percent stake in Arlanxeo, its Netherlands-based joint venture with chemicals firm Lanxess, to become the...

LME confirms it will end suspension on Rusal metal if sanctions lifted

LONDON: The London Metal Exchange (LME) confirmed on Monday it would lift its suspension on aluminium produced by Russia's Rusal if US sanctions are lifted,...

Sterling leads FX gains against struggling dollar

LONDON: The dollar extended its losses in thin year-end trading on Monday as expectations faded for US interest rate increases, with sterling leading the gains. The...