BR100 Increased By (2.94%)
BR30 Increased By (3.47%)
KSE100 Increased By (2.69%)
KSE30 Increased By (2.84%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Archive - 2017-03-29
Concord by Philippe Gontier
Featured Photos

Concord by Philippe Gontier

Concord Science & Technology, third prize stories 1996 Flows are visualized with colored tracers aroun
Published 29 Mar, 2017 11:45am
Phthirus Pubis by Nicole Ottawa
Featured Photos

Phthirus Pubis by Nicole Ottawa

'Phthirus Pubis' Science & Technology, third prize singles 1997 Adult and juvenile specimens of 'Phthi
Published 29 Mar, 2017 11:19am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Wednesday having 48350.26 points with a negative change
Published 29 Mar, 2017 10:55am
Hong Kong stocks end higher
Financial

Hong Kong stocks end higher

HONG KONG: Hong Kong stocks rose on Wednesday, tracking Wall Street's rally and broad gains across Asia following a jump
Published 29 Mar, 2017 10:09am
Ancient Herakleion by Christoph Gerigk
Featured Photos

Ancient Herakleion by Christoph Gerigk

Ancient Herakleion Science & Technology, second prize stories 00-05-2001 Divers examine a colossal sta
Published 29 Mar, 2017 08:43am
Conquering Speed by Sergei Ilnitsky
Featured Photos

Conquering Speed by Sergei Ilnitsky

Conquering Speed Sports, second prize stories December 13, 2014 Vadim Shishkin of Russia, in the first com
Published 29 Mar, 2017 08:03am
Rice export blues
Miscellaneous

Rice export blues

Rice exporters seem to be in deep trouble, as the latest PBS numbers spell out disaster; for the eight months ended FY17
Published 29 Mar, 2017 05:43am
PSX closes in the red

PSX closes in the red

A bearish trend continued on Pakistan Stock Exchange (PSX) Tuesday. The benchmark KSE-100 index lost another 156.75 points to close at 48,523.41 points. Trading activity also remained low as the daily trading volumes decreased to 218.176 million shares as
Published 29 Mar, 2017 12:00am
Earnings, deal talk drive European share rebound, DAX stands out

Earnings, deal talk drive European share rebound, DAX stands out

European shares staged a recovery on Tuesday, lifted by strong results and the prospect of deal-making. The STOXX 600 ended up 0.6 percent, with rumours of stake sales moving individual stocks, while criticism of Tesco's take-over of Booker dented the who
Published 29 Mar, 2017 12:00am
PSX closes in the red

PSX closes in the red

A bearish trend continued on Pakistan Stock Exchange (PSX) Tuesday. The benchmark KSE-100 index lost another 156.75 points to close at 48,523.41 points. Trading activity also remained low as the daily trading volumes decreased to 218.176 million shares as
Published 29 Mar, 2017 12:00am
China stocks down on liquidity concerns

China stocks down on liquidity concerns

China stocks fell on Tuesday on concerns about tightening liquidity conditions after the central bank refrained from injecting short-term funds into the banking system for the third session in a row. The blue-chip CSI300 index fell 0.2 percent to 3,469.81
Published 29 Mar, 2017 12:00am
PSX closes in the red

PSX closes in the red

A bearish trend continued on Pakistan Stock Exchange (PSX) Tuesday. The benchmark KSE-100 index lost another 156.75 points to close at 48,523.41 points. Trading activity also remained low as the daily trading volumes decreased to 218.176 million shares as
Published 29 Mar, 2017 12:00am
Indian shares up

Indian shares up

Indian shares ended higher on Tuesday as losses in the previous session were seen as overdone, with sentiment also improving as Asian markets recovered after some of the anxiety about US President Donald Trump's ability to push his agenda subsided. The br
Published 29 Mar, 2017 12:00am
BRIndex30 sheds 130.52 points

BRIndex30 sheds 130.52 points

On Tuesday, BRIndex30 opened at 26,965.74 points. It touched an intraday high of 27,109.84 points and an intraday low of 26,828.14 points and closed at 26,835.22 points which was -130.52 points or -0.48 percent lower than previous close. Total volume was
Published 29 Mar, 2017 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

The rupee sustained its overnight levels against the dollar in the proccess of trading, dealers said The rupee did not show any visible change versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they said.
Published 29 Mar, 2017 12:00am
Long-dated Treasury yields sink

Long-dated Treasury yields sink

US long-dated Treasury yields dropped to one-month lows on Monday, weighed down by growing doubts about the Trump administration's ability to deliver on its campaign promise to bolster the economy. President Donald Trump suffered a major political setback
Published 29 Mar, 2017 12:00am
BRIndex30 sheds 130.52 points

BRIndex30 sheds 130.52 points

On Tuesday, BRIndex30 opened at 26,965.74 points. It touched an intraday high of 27,109.84 points and an intraday low of 26,828.14 points and closed at 26,835.22 points which was -130.52 points or -0.48 percent lower than previous close. Total volume was
Published 29 Mar, 2017 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

The rupee sustained its overnight levels against the dollar in the proccess of trading, dealers said The rupee did not show any visible change versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they said.
Published 29 Mar, 2017 12:00am
Long-dated Treasury yields sink

Long-dated Treasury yields sink

US long-dated Treasury yields dropped to one-month lows on Monday, weighed down by growing doubts about the Trump administration's ability to deliver on its campaign promise to bolster the economy. President Donald Trump suffered a major political setback
Published 29 Mar, 2017 12:00am
Controversial Advertisement: PPIB sends legal notices to 13 IPPs

Controversial Advertisement: PPIB sends legal notices to 13 IPPs

Ministry of Water and Power has started arm twisting Independent Power Producers (IPPs) demanding payment of overdue arrears against the power sector. As a first step, Private Power Infrastructure Board (PPIB), an arm of the Ministry, has sent legal notic
Published 29 Mar, 2017 12:00am
Hong Kong stocks surge

Hong Kong stocks surge

Hong Kong stocks followed Asian markets higher on Tuesday on cautious hopes that US President Donald Trump would be able to pass his planned economic stimulus policies despite last week's defeat on healthcare reform. The Hang Seng index rose 0.6 percent t
Published 29 Mar, 2017 12:00am
Controversial Advertisement: PPIB sends legal notices to 13 IPPs

Controversial Advertisement: PPIB sends legal notices to 13 IPPs

Ministry of Water and Power has started arm twisting Independent Power Producers (IPPs) demanding payment of overdue arrears against the power sector. As a first step, Private Power Infrastructure Board (PPIB), an arm of the Ministry, has sent legal notic
Published 29 Mar, 2017 12:00am
Wall Street off as Trump agenda weighed; Dow down for 8th day

Wall Street off as Trump agenda weighed; Dow down for 8th day

The S&P 500 cut earlier losses on Monday to end slightly lower, while the Dow declined for an eighth straight session, as investors assessed how the defeat of President Donald Trump's first major legislative action would impact the rest of his agenda. Wit
Published 29 Mar, 2017 12:00am
Controversial Advertisement: PPIB sends legal notices to 13 IPPs

Controversial Advertisement: PPIB sends legal notices to 13 IPPs

Ministry of Water and Power has started arm twisting Independent Power Producers (IPPs) demanding payment of overdue arrears against the power sector. As a first step, Private Power Infrastructure Board (PPIB), an arm of the Ministry, has sent legal notic
Published 29 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 28, 2017).

Published 29 Mar, 2017 12:00am
Military alliance: issuance of NOC evokes controversy

Military alliance: issuance of NOC evokes controversy

The move to allow former army chief General Raheel Sharif to lead the Islamic military alliance of 39 Sunni-majority countries without formal consent of Parliament has evoked a considerable controversy. An anecdotal survey carried out by Business Recor
Published 29 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 28, 2017).

Published 29 Mar, 2017 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo shares ended sharply higher on Tuesday after the previous day's sell-off, with dealers hopeful Donald Trump can push through his tax and spending agenda despite last week's healthcare bill collapse. A drop in the yen against the dollar from the prev
Published 29 Mar, 2017 12:00am
Military alliance: issuance of NOC evokes controversy

Military alliance: issuance of NOC evokes controversy

The move to allow former army chief General Raheel Sharif to lead the Islamic military alliance of 39 Sunni-majority countries without formal consent of Parliament has evoked a considerable controversy. An anecdotal survey carried out by Business Recor
Published 29 Mar, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (March 28, 2017).

Published 29 Mar, 2017 12:00am
Most Gulf markets edge up, Emaar Malls jumps

Most Gulf markets edge up, Emaar Malls jumps

Most Gulf stock markets edged up on Tuesday although trading volumes were generally low, while Emaar Malls jumped in Dubai after the company appeared to lose a contest with Amazon.com to acquire Middle Eastern online retailer Souq.com. Emaar Malls added 3
Published 29 Mar, 2017 12:00am
Thar coal-fired projects: governments bicker over tariff

Thar coal-fired projects: governments bicker over tariff

The proposed alteration in tariff for upcoming Thar coal-fired projects has reportedly become a bone of contention between the federal and Sindh governments as the latter has severely criticised the Centre for seeking a 15 to 20 percent reduction in level
Published 29 Mar, 2017 12:00am
China home-buyers fret over prices, businesses more confident

China home-buyers fret over prices, businesses more confident

Over half of Chinese households think housing prices are too high and more than a quarter worry these will rise more, according to a central bank survey, adding to views authorities may have to take more property cooling measures even at the risk of dampe
Published 29 Mar, 2017 12:00am
Thar coal-fired projects: governments bicker over tariff

Thar coal-fired projects: governments bicker over tariff

The proposed alteration in tariff for upcoming Thar coal-fired projects has reportedly become a bone of contention between the federal and Sindh governments as the latter has severely criticised the Centre for seeking a 15 to 20 percent reduction in level
Published 29 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 28, 2017)

Published 29 Mar, 2017 12:00am
Airbnb to double investment in China, adopt new name

Airbnb to double investment in China, adopt new name

Airbnb, the home rentals website, said on Wednesday it would double its investment in China, triple its workforce there and change its name to "Aibiying" in Chinese. Airbnb CEO Brian Chesky said the name, which translates to "Welcome each other with love"
Published 29 Mar, 2017 12:00am
Thar coal-fired projects: governments bicker over tariff

Thar coal-fired projects: governments bicker over tariff

The proposed alteration in tariff for upcoming Thar coal-fired projects has reportedly become a bone of contention between the federal and Sindh governments as the latter has severely criticised the Centre for seeking a 15 to 20 percent reduction in level
Published 29 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 28, 2017).

Published 29 Mar, 2017 12:00am
Art market down 11 percent in 2016

Art market down 11 percent in 2016

Global art sales fell 11 percent in 2016, dragged by a global growth slowdown and political headwinds, a new report said Wednesday. The US remained the biggest market in the world, with the UK in second and China third, according to the first ever "Global
Published 29 Mar, 2017 12:00am
SBP updates guidance for IFIs, expanding scope of external audits

SBP updates guidance for IFIs, expanding scope of external audits

Central bank has updated guidance on shariah governance for Islamic finance institutions, expanding the scope of external audits to help mitigate conflicts of interest and increase transparency. There are growing calls across the Islamic finance industry
Published 29 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 29 Mar, 2017 12:00am
Art market down 11 percent in 2016

Art market down 11 percent in 2016

Global art sales fell 11 percent in 2016, dragged by a global growth slowdown and political headwinds, a new report said Wednesday. The US remained the biggest market in the world, with the UK in second and China third, according to the first ever "Global
Published 29 Mar, 2017 12:00am
British soldier's sentence for killing injured Taliban cut

British soldier's sentence for killing injured Taliban cut

A British court on Tuesday cut a soldier's sentence for killing an injured Taliban fighter to seven years after his murder conviction was reduced to manslaughter on the grounds of diminished responsibility. Veterans hugged, cheered and waved flags bearing
Published 29 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 29 Mar, 2017 12:00am
Bags carry Hermes to record profit
Currency

Bags carry Hermes to record profit

A jump in sales of its trademark leather bags helped Hermes push its annual profits last year above one billion euros for the first time ever, results released Wednesday showed. The French luxury goods maker said its 2016 net profit hit 1.1 billion euros
Published 29 Mar, 2017 12:00am
'No peace deal in Syria without US role'

'No peace deal in Syria without US role'

A political deal to end the Syrian conflict is not possible without a strong US role, the opposition's chief negotiator told AFP, warning that Washington's absence was threatening ongoing peace talks. Lead negotiator for the main opposition High Negotiati
Published 29 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 28, 2017).

Published 29 Mar, 2017 12:00am
Bags carry Hermes to record profit
Currency

Bags carry Hermes to record profit

A jump in sales of its trademark leather bags helped Hermes push its annual profits last year above one billion euros for the first time ever, results released Wednesday showed. The French luxury goods maker said its 2016 net profit hit 1.1 billion euros
Published 29 Mar, 2017 12:00am
Inquiry into number of visas not possible: Nisar

Inquiry into number of visas not possible: Nisar

Interior Minister Chaudhry Nisar Ali Khan Tuesday said that an inquiry into the number of visas issued during the last two governments is not possible due to absence of relevant record. Addressing a press conference, he said that there is no recordkeeping
Published 29 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (March 28, 2017) and the forecast for Wednesday (March 29, 2017).

Published 29 Mar, 2017 12:00am
Brazil cuts 2017 growth forecast, sees inflation below target

Brazil cuts 2017 growth forecast, sees inflation below target

Brazil's government lowered its estimate for economic growth in 2017 but forecast a stronger recovery next year, a revision likely to lead to budget freezes and tax hikes as the country emerges from its worst recession on record. The Finance Ministry lowe
Published 29 Mar, 2017 12:00am
Inquiry into number of visas not possible: Nisar

Inquiry into number of visas not possible: Nisar

Interior Minister Chaudhry Nisar Ali Khan Tuesday said that an inquiry into the number of visas issued during the last two governments is not possible due to absence of relevant record. Addressing a press conference, he said that there is no recordkeeping
Published 29 Mar, 2017 12:00am
Heineken bottles out in Hungary beer row

Heineken bottles out in Hungary beer row

A row between Heineken and a small Romanian brewer backed by the Hungarian government looked to be over Monday, just days after Budapest threatened to ban the Dutch giant's famous red star logo. Heineken and Lixid Project, based in Transylvania, a region
Published 29 Mar, 2017 12:00am
Tesco handed $268 million penalties on false accounting

Tesco handed $268 million penalties on false accounting

Supermarket Tesco has agreed to a fine and compensation costs totalling £214 million ($268 million, 247 million euros) after an accounting scandal at Britain's biggest retailer, the Serious Fraud Office said Tuesday. Under a SFO deal that draws a line und
Published 29 Mar, 2017 12:00am
LATAM Airlines sees Brazil recovery in second half

LATAM Airlines sees Brazil recovery in second half

LATAM Airlines expects to see a recovery in its key Brazilian market in the second half of 2017 as it pares its fleet and rolls out a low-cost model in Chile to remain competitive, its chief executive said on Monday. Battered by Brazil's recent economic d
Published 29 Mar, 2017 12:00am
Tesco handed $268 million penalties on false accounting

Tesco handed $268 million penalties on false accounting

Supermarket Tesco has agreed to a fine and compensation costs totalling £214 million ($268 million, 247 million euros) after an accounting scandal at Britain's biggest retailer, the Serious Fraud Office said Tuesday. Under a SFO deal that draws a line und
Published 29 Mar, 2017 12:00am
LATAM Airlines sees Brazil recovery in second half

LATAM Airlines sees Brazil recovery in second half

LATAM Airlines expects to see a recovery in its key Brazilian market in the second half of 2017 as it pares its fleet and rolls out a low-cost model in Chile to remain competitive, its chief executive said on Monday. Battered by Brazil's recent economic d
Published 29 Mar, 2017 12:00am
Tesco handed $268 million penalties on false accounting

Tesco handed $268 million penalties on false accounting

Supermarket Tesco has agreed to a fine and compensation costs totalling £214 million ($268 million, 247 million euros) after an accounting scandal at Britain''s biggest retailer, the Serious Fraud Office said Tuesday. Under a SFO deal that draws a line un
Published 29 Mar, 2017 12:00am
South Korea manufacturers to boost capital investment in 2017

South Korea manufacturers to boost capital investment in 2017

South Korean manufacturers are expected to spend more on capital investment this year than they did last year, although those expenditures will be conservative and mostly geared towards maintaining facilities than expansion, a central bank survey showed o
Published 29 Mar, 2017 12:00am
NFC award

NFC award

The Senate took the government to task for 'deliberately' delaying the 9th National Finance Commission (NFC) award and declared the delay as a violation of the Constitution. Article 160 (1) of the Constitution stipulates that "within six months of the com
Published 29 Mar, 2017 12:00am
Some questions

Some questions

Defence Minister Khwaja Asif tried to deal with a highly sensitive matter in a most casual manner when he disclosed in a media interview that the government has informed Saudi Arabia, in writing, that the recently retired Army chief General Raheel Sharif
Published 29 Mar, 2017 12:00am
Tackling poverty through sociology

Tackling poverty through sociology

The repeated use of the term 'inclusive' growth in the capitalist literature of late and the recurrent yearning in such literature for eliminating what is being described as growing 'inequality' between the rich haves and the poor have-nots make one wonde
Published 29 Mar, 2017 12:00am
Saudi exports to US to fall by 300,000 bpd in March

Saudi exports to US to fall by 300,000 bpd in March

Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with Opec's agreement to reduce supply, a Saudi energy ministry official said on Thursday. The United States imported about 1.3 m
Published 29 Mar, 2017 12:00am
Will someone give Exports a chance?

Will someone give Exports a chance?

Pakistan is an issue-a-day country. Some tragic ones, like the terrorist attacks, that we cry over, promise action, and get on with life. Some sad ones - the Tayyaba torture case, for instance - that are deeply disturbing to our collective conscience, but
Published 29 Mar, 2017 12:00am
Amazon expands global reach with Souq.com buy

Amazon expands global reach with Souq.com buy

Tech giant Amazon expanded its global reach Tuesday with the announcement of a deal to buy Dubai-based Souq.com, the Middle East's largest online retailer. The agreement, the financial details of which were not disclosed, brings Amazon into a fast-growing
Published 29 Mar, 2017 12:00am
New Thar coal tariff and allied issues - I
Currency

New Thar coal tariff and allied issues - I

Thar coal tariff is due for renewal of tariff for which a public hearing was organized yesterday. Ministry of Water and Power has untypically asked for a downwards revision of the tariff by 20%. Lately, they have started talking quite some sense, as they
Published 29 Mar, 2017 12:00am
China's Tencent takes five percent stake in Tesla

China's Tencent takes five percent stake in Tesla

China's giant Tencent Holdings has taken a five percent stake in the Tesla electric car company as it moves to ramp up production, according to an official filing Tuesday. Tencent paid about $1.8 billion for the small share of Elon Musk's company, accordi
Published 29 Mar, 2017 12:00am
Significant achievement

Significant achievement

This is apropos a Business Recorder news item "PAF rolls out 50th indigenously overhauled C-130 aircraft" carried by the newspaper on March 16, PAF'S contribution to country's engineering progress on indigenization not only for complete C-130 overh
Published 29 Mar, 2017 12:00am
China's Tencent takes five percent stake in Tesla

China's Tencent takes five percent stake in Tesla

China's giant Tencent Holdings has taken a five percent stake in the Tesla electric car company as it moves to ramp up production, according to an official filing Tuesday. Tencent paid about $1.8 billion for the small share of Elon Musk's company, accordi
Published 29 Mar, 2017 12:00am
Sheikhpura tragedy: Imran lashes out at government's performance

Sheikhpura tragedy: Imran lashes out at government's performance

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Tuesday expressed deep grief and sorrow over the loss of precious lives in Sheikhupura train accident and prayed for the early recovery of the injured. He lashed out at the government over their role t
Published 29 Mar, 2017 12:00am
US consumer confidence hits 16-year high

US consumer confidence hits 16-year high

US consumer confidence surged to a more than 16-year high in March amid growing labour market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at the start of the year. The
Published 29 Mar, 2017 12:00am
5th Lyallpur Art and Literature Festival continues

5th Lyallpur Art and Literature Festival continues

The University of Agriculture Faisalabad remained a hub of literary activities on the second day of ongoing 5th Lyallpur Art and Literature Festival that will continue till March 31. Students from 20 universities of the 4 corners of Pakistan are taking pa
Published 29 Mar, 2017 12:00am
Russia's largest bank pulls out of Ukraine

Russia's largest bank pulls out of Ukraine

Russia's Sberbank, the largest in the country, on Tuesday announced it had sold its Ukraine division, where operations have been complicated since Moscow's annexation of Crimea. Sberbank, whose controlling stake is owned by the Russian state, said in a st
Published 29 Mar, 2017 12:00am
Thatta declared poorest district

Thatta declared poorest district

"District Thatta is vulnerable to a number of natural hazards like riverine and rain floods, cyclones and droughts. Poor people can't afford investment in disaster risk reduction. Thatta District has been declared as one of the poorest district of Pakista
Published 29 Mar, 2017 12:00am
Japan sets out plan to raise workers' pay, tackle overtime

Japan sets out plan to raise workers' pay, tackle overtime

Japan's government laid out a plan on Tuesday that improves pay for contract employees but takes a soft-touch approach to reigning in the country's notoriously long working hours. The plan is a crucial part of Prime Minister Shinzo Abe's labour reforms, w
Published 29 Mar, 2017 12:00am
LHC to hear petition against ATC order

LHC to hear petition against ATC order

The Lahore High Court Chief Justice Tuesday constituted a full bench to hear petition of Idara Minhajul Quran against the order of an Anti-Terrorism Court (ATC) for not summoning Prime Minister Nawaz Sharif and others over the charges of Model Town's kill
Published 29 Mar, 2017 12:00am
EU says Brazil must 'restore trust' in meat exports

EU says Brazil must 'restore trust' in meat exports

The European Union's health commissioner said Monday that Brazil will have to "restore trust" in its meat exports after being hit by a scandal over expired meat being passed off as fresh. "I expect that (the Brazilian authorities) will understand that it'
Published 29 Mar, 2017 12:00am
European investors must take advantage of CPEC: Swiss envoy

European investors must take advantage of CPEC: Swiss envoy

The China-Pakistan Economic Corridor (CPEC) offers huge investment opportunities and European investors need to take advantage from opportunities and make investment in the game changer project. Speaking at a media briefing here on Tuesday, Swiss Ambassad
Published 29 Mar, 2017 12:00am
WTO hands China partial win over EU in poultry spat

WTO hands China partial win over EU in poultry spat

China won a partial victory at the World Trade Organisation on Tuesday in a dispute over tariffs imposed on its poultry products by the European Union. Between 2006 and 2009, Brussels set up a wide range of tariffs on poultry imports. The EU then cut sepa
Published 29 Mar, 2017 12:00am
Haqqani network neither Pakistan's friend nor proxy: Aizaz

Haqqani network neither Pakistan's friend nor proxy: Aizaz

Pakistan's ambassador to the United States (US) Aizaz Ahmad Chaudhry has stated that Haqqani network is neither Pakistan's friend nor proxy. "We don't want it (Haqqani network) to act against the US or Afghanistan," the ambassador said. Speaking to foreig
Published 29 Mar, 2017 12:00am
Ford announces $1.2 billion investment in US auto plants

Ford announces $1.2 billion investment in US auto plants

Ford announced Tuesday that it will invest $1.2 billion in three Michigan plants, most of which is part of a 2015 deal with its workers. Ford said all but $200 million of the new investment was part of its labour contract with United Auto Workers, the uni
Published 29 Mar, 2017 12:00am
Indian SC questions use of pellet guns in IHK

Indian SC questions use of pellet guns in IHK

Indian Supreme Court has asked its government to consider means other than use of pellet guns to quell stone pelting mobs in Kashmir as it concerns life and death. A bench headed by Chief Justice J S Khehar also expressed concern over injuries suffered by
Published 29 Mar, 2017 12:00am
Cambodia bans human breast milk exports to US

Cambodia bans human breast milk exports to US

Cambodia officially banned selling and exporting locally-pumped human breast milk Tuesday, after reports exposed how women were turning to the controversial trade to boost meagre incomes in one of Southeast Asia's poorest countries. The order comes after
Published 29 Mar, 2017 12:00am
Father kills daughter for honour

Father kills daughter for honour

A father on Tuesday suffocated his 15-year-old daughter to death for honour in the limits of Golra police station. According to police, Aziz, a resident of Golra suffocated his daughter to death and later surrendered to police. He killed his daughter on s
Published 29 Mar, 2017 12:00am
Banks try to calm staff nerves with staggered Brexit shift

Banks try to calm staff nerves with staggered Brexit shift

Banks are treading carefully, enacting two-stage contingency plans, to avoid losing nervous London-based staff as they work out how many jobs will have to move to continental Europe as Britain exits the European Union. British Prime Minister Theresa May w
Published 29 Mar, 2017 12:00am
CCP advocacy drive concludes

CCP advocacy drive concludes

The Competition Commission of Pakistan (CCP) under the ongoing Competition Advocacy Academia drive concluded the Punjab tour by successfully holding seminars in five leading universities of the province. After conclusion of the first leg of the academia d
Published 29 Mar, 2017 12:00am
Egypt targets 2017-18 budget deficit of about 9.5 percent
Currency

Egypt targets 2017-18 budget deficit of about 9.5 percent

Egypt's government is targeting a budget deficit of about 9.5 percent of gross domestic product for the 2017-18 financial year starting on July 1, Prime Minister Sherif Ismail said in a news conference on Sunday. Ismail said he expects the deficit for the
Published 29 Mar, 2017 12:00am
PM approves policy directive for unsold NGMS spectrum auction

PM approves policy directive for unsold NGMS spectrum auction

Prime Minister Nawaz Sharif has approved policy directive for the auction of unsold next generation mobile services (NGMS) spectrum with base price of $295 million. After the approval of the Prime Minister, who is also the minister-in-charge of the Minist
Published 29 Mar, 2017 12:00am
Wall Street's Trump rally overpriced: economists

Wall Street's Trump rally overpriced: economists

Wall Street's historic rallies since Donald Trump's election overvalue the president's pledged pro-business tax and regulatory policies, according to a survey of economists released Monday. But the survey by the National Association for Business Economics
Published 29 Mar, 2017 12:00am
NAB appointments: SC likely to pass order today

NAB appointments: SC likely to pass order today

The Supreme Court is likely to pass an order on March 29 (today) about three former military officials who were allegedly appointed against top slots of anti-graft body in Balochistan, Punjab and Sindh in violation of the rules. A three-judge bench headed
Published 29 Mar, 2017 12:00am
Wall Street's Trump rally overpriced: economists

Wall Street's Trump rally overpriced: economists

Wall Street's historic rallies since Donald Trump's election overvalue the president's pledged pro-business tax and regulatory policies, according to a survey of economists released Monday. But the survey by the National Association for Business Economics
Published 29 Mar, 2017 12:00am
PTI slams water shortage in Islamabad

PTI slams water shortage in Islamabad

Pakistan Tehreek-e-Insaf (PTI) set up a protest camp against the Capital Development Authority (CDA) on Tuesday over its failure to address persistent water shortage in the federal capital. Camp was set up at sector G-9 Markaz which was attended by a numb
Published 29 Mar, 2017 12:00am
Wall Street''s Trump rally overpriced: economists

Wall Street''s Trump rally overpriced: economists

Wall Street''s historic rallies since Donald Trump''s election overvalue the president''s pledged pro-business tax and regulatory policies, according to a survey of economists released Monday. But the survey by the National Association for Business Econom
Published 29 Mar, 2017 12:00am
SBP's advice to NIFT

SBP's advice to NIFT

In order to facilitate collection of government duties / taxes, the State Bank of Pakistan (SBP) has advised the NIFT to provide a special clearing facility at 5:00 pm on Friday, March 31, 2017. Banks are, therefore, advised to keep their concerned branch
Published 29 Mar, 2017 12:00am
Hong Kong subway operator to help run UK's South West Trains

Hong Kong subway operator to help run UK's South West Trains

Hong Kong subway operator MTR Corporation has been picked to help run South West Trains, one of Britain's biggest rail franchises, the government said on Monday. MTR will operate SWT services alongside British train and bus company FirstGroup over the nex
Published 29 Mar, 2017 12:00am
Opposition flays government for lack of healthcare facilities

Opposition flays government for lack of healthcare facilities

Opposition MPAs in the Sindh Assembly criticised the government for lack of healthcare facilities in the districts of Sindh, but the treasury rejected the criticism, saying the government is upgrading hospitals. Speaking on Private Members' Day, the legis
Published 29 Mar, 2017 12:00am
Singapore industrial output seen rising in February

Singapore industrial output seen rising in February

Singapore's industrial production is expected to have returned to growth in February after contracting more than expected the previous month, a Reuters poll showed. Manufacturing output likely rose 0.4 percent last month from January on a seasonally adjus
Published 29 Mar, 2017 12:00am
Ufone enhances 3G services in Karachi

Ufone enhances 3G services in Karachi

CEO Ufone, Rainer Rathgeber has announced completion of the enhanced 3G services deployment in the city with a millions of dollars of investment to double the capacity of cellular network and grow the coverage range. Talking to the media at a local hotel
Published 29 Mar, 2017 12:00am
Toshiba's US atomic unit to file for bankruptcy

Toshiba's US atomic unit to file for bankruptcy

Toshiba's loss-hit US nuclear unit could be placed under bankruptcy protection as early as this week, a report said Monday, sending shares in the Japanese giant lower. Westinghouse Electric is likely to file for Chapter 11 on Tuesday and is eyeing Korea E
Published 29 Mar, 2017 12:00am
SSGCL fails to recover Rs 119.5 million on account of gas-theft

SSGCL fails to recover Rs 119.5 million on account of gas-theft

The Sui Southern Gas Company Limited (SSGCL) has failed to recover Rs 119.5 million on account of gas theft from various consumers since 2006. The officials of the Auditor General of Pakistan revealed this during a briefing to the sub-committee of Public
Published 29 Mar, 2017 12:00am
Greek private sector bank deposits drop in February

Greek private sector bank deposits drop in February

Greek private sector bank deposits declined in February for the third month in a row, central bank data showed on Monday, as worries over the country's drawn out bailout review put them at their lowest level in nearly 16 years. Business and household depo
Published 29 Mar, 2017 12:00am
Four killed in clashes in held Kashmir

Four killed in clashes in held Kashmir

Three civilians and one freedom fighter were killed and at least 28 people were injured Tuesday in clashes between protesters and occupation troops and police in Indian-held Kashmir, police said. The clashes started when soldiers cordoned off a house in a
Published 29 Mar, 2017 12:00am
Denmark should tighten fiscal policy

Denmark should tighten fiscal policy

Denmark's public sector deficit proved to be smaller than expected last year, but the positive surprise should not tempt the government to diverge from a plan to gradually tighten fiscal policy, economists said on Monday. Excluding one-offs, the public se
Published 29 Mar, 2017 12:00am
SBP to issue Rs 50 Edhi commemorative coin

SBP to issue Rs 50 Edhi commemorative coin

Keeping in view the meritorious services rendered to the humanity in general and Pakistanis in particular, the federal government had decided to issue commemorative coin in memory of late Abdul Sattar Edhi in the cabinet meeting held on Friday, July 15, 2
Published 29 Mar, 2017 12:00am
Zimbabwe gets busy creating 'fiction money'
Currency

Zimbabwe gets busy creating 'fiction money'

When President Robert Mugabe scrapped the Zimbabwe dollar in 2009, most of his people thought this meant the end of runaway money-printing and hyperinflation that had rendered the currency worthless. They may have been wrong. Adoption of the US dollar and
Published 29 Mar, 2017 12:00am
CM reviews healthcare facilities

CM reviews healthcare facilities

Chief Minister Punjab Muhammad Shehbaz Sharif here on Tuesday presided over a meeting in which progress of the healthcare system and provision of better medical facilities to the people was discussed. The chief minister approved the purchase of incinerato
Published 29 Mar, 2017 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold prices turned lower on Tuesday, after nearing the prior session's one-month high, as the US dollar, Treasury yields and stock markets extended gains. Bullion was higher earlier on support from US political and economic uncertainty and expectations of
Published 29 Mar, 2017 12:00am
Wheat climbs

Wheat climbs

US wheat prices climbed on Tuesday in a light rebound from multi-month lows set on Monday, although forecasts for much-needed rains in the Plains wheat belt kept a lid on gains, analysts said. Corn also firmed while soyabeans were choppy as traders adjust
Published 29 Mar, 2017 12:00am
President for steps to protect children from negative impacts of IT

President for steps to protect children from negative impacts of IT

President Mamnoon Hussain on Tuesday urged the society as well as the government to take effective measures for protection of the children from the negative impacts of changing conditions in this era of information technology. Addressing the concluding ce
Published 29 Mar, 2017 12:00am
Gold steadies in European trade

Gold steadies in European trade

Gold prices held firm near one-month highs on Tuesday, supported by political and economic uncertainty in the United States and expectations of a lower dollar. Spot gold was up 0.2 percent at $1,256.6 an ounce at 1345 GMT, having touched its highest in a
Published 29 Mar, 2017 12:00am
Novel idea evolved against encroachments

Novel idea evolved against encroachments

Taking stern notice of the encroachment mafia, the district administration Peshawar has changed its anti-encroachment policy and in future action will also be initiated against the responsible town officers and Peshawar Development Authorities (PDA). The
Published 29 Mar, 2017 12:00am
Gold unchanged in Asia

Gold unchanged in Asia

Gold prices held steady on Tuesday as investors looked to see if US President Donald Trump would be able to enact promised tax cuts and infrastructure spending, with the dollar drifting slightly higher off of multi-month lows. Spot gold was mostly unchang
Published 29 Mar, 2017 12:00am
Gold rallies in New York

Gold rallies in New York

Gold rallied more than 1 percent on Monday after US President Donald Trump's failure to push through a healthcare reform package on Friday raised questions over his ability to deliver promised tax cuts and spending plans. That knocked the dollar to a four
Published 29 Mar, 2017 12:00am
Faysal Bank joins hands with Ontex Pakistan

Faysal Bank joins hands with Ontex Pakistan

Faysal Bank Limited (Faysal Bank), one of the leading banks in Pakistan, joins hands with Ontex Pakistan Private Limited; a Belgium based leading personal hygiene company. The Alliance is a strategic supply chain financing arrangement to facilitate distri
Published 29 Mar, 2017 12:00am
Palm oil rebounds on stronger soyaoil

Palm oil rebounds on stronger soyaoil

Malaysian palm oil futures rebounded on Tuesday, up from a five-month low touched in the previous session, tracking a revival in soyaoil on the Chicago Board of Trade. Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange
Published 29 Mar, 2017 12:00am
Mayor calls for transfer of funds to LGs

Mayor calls for transfer of funds to LGs

Karachi Mayor Waseem Akhtar on Tuesday urged the Sindh Government to devolve powers and transfer funds to the local bodies' representatives. "Had the provincial government given needed powers to the local councils' stakeholders, infrastructure and sanitar
Published 29 Mar, 2017 12:00am
Meeting discusses soap manufacturers' issues

Meeting discusses soap manufacturers' issues

The chairman of the Pakistan Soap Manufacturers Association (PSMA), Abdullah Zaki, has said that the local industry is facing a very tough time, and serious efforts should be made to encourage the private sector to play an effective role in reviving the e
Published 29 Mar, 2017 12:00am
Shareholders of Soneri Bank Limited approve 2016 annual accounts

Shareholders of Soneri Bank Limited approve 2016 annual accounts

The annual financial statements of Soneri Bank Limited for the year ended 31 December 2016 were approved by the shareholders of the Bank in its 25th AGM held on Tuesday, 28 March 2017. The meeting was chaired by Alauddin Feerasta, Chairman of the Bank. Ba
Published 29 Mar, 2017 12:00am
Rubber up

Rubber up

Benchmark Tokyo rubber futures rose on Tuesday, recovering from a near four-month low hit earlier in the session, as investors looked for bargains and on early gains in Shanghai futures. The Tokyo Commodity Exchange (TOCOM) rubber contract for new Septemb
Published 29 Mar, 2017 12:00am
Shareholders of Soneri Bank Limited approve 2016 annual accounts

Shareholders of Soneri Bank Limited approve 2016 annual accounts

The annual financial statements of Soneri Bank Limited for the year ended 31 December 2016 were approved by the shareholders of the Bank in its 25th AGM held on Tuesday, 28 March 2017. The meeting was chaired by Alauddin Feerasta, Chairman of the Bank. Ba
Published 29 Mar, 2017 12:00am
Copper rises on hopes of shift in Trump's focus

Copper rises on hopes of shift in Trump's focus

Copper rose on Tuesday after hitting a two-week low in the previous session as hopes that US President Donald Trump would shift focus away from failed healthcare reform to economic stimulus lifted stocks and the dollar. Base metals gained on US-led buying
Published 29 Mar, 2017 12:00am
Rs 2.75 million tax recovered from defaulting motorists

Rs 2.75 million tax recovered from defaulting motorists

Sindh Excise and Taxation (E&T) department on Tuesday claimed to have collected taxes amounting rupees 2.75 million, impounded 71 vehicles and seized documents of 927 vehicles during its weeklong road checking campaign in Karachi since March 20. According
Published 29 Mar, 2017 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper traded up 0.4 percent at 46,740 yuan ($6,789) a tonne on Tuesday with worries easing over President Donald Trump's ability to push through economic reform. ShFE lead fell 4.1 percent, tracking 3-percent losses in London le
Published 29 Mar, 2017 12:00am
Pak-Qatar Takaful posts Rs 123 million PAT

Pak-Qatar Takaful posts Rs 123 million PAT

Pak-Qatar Takaful Group has posted a net profit after tax of Pakistan Rupees 123 million in 2016. The Group's Takaful funds also recorded the aggregate net surplus of Pakistan Rupees 196 million during the period that ended on December 2016, the company s
Published 29 Mar, 2017 12:00am
India imposes 10 percent tax on wheat imports

India imposes 10 percent tax on wheat imports

India on Tuesday imposed a 10 percent import tax on wheat with immediate effect, government sources said, reinstating the tariff after a gap of nearly four months that saw large overseas purchases. The government wants to curb imports when Indian farmers
Published 29 Mar, 2017 12:00am
Pak-Qatar Takaful posts Rs 123 million PAT

Pak-Qatar Takaful posts Rs 123 million PAT

Pak-Qatar Takaful Group has posted a net profit after tax of Pakistan Rupees 123 million in 2016. The Group's Takaful funds also recorded the aggregate net surplus of Pakistan Rupees 196 million during the period that ended on December 2016, the company s
Published 29 Mar, 2017 12:00am
Hectic trade activity on cotton market
Cotton

Hectic trade activity on cotton market

Hectic trade activity was witnessed on the cotton market on Tuesday as some mills indulged in forward buying as ginners were ready to oblige them, dealers said. The official spot rate was unchanged at Rs 6750, they said. In Punjab, prices of seed cotton w
Published 29 Mar, 2017 12:00am
PBIF voices concern over declining exports
Cotton

PBIF voices concern over declining exports

The president of the Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that there has been reduction of exports by 20 percent during the tenure of the incumbent government, which is disturbing, and called for out of the box
Published 29 Mar, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 149,600 tonnes of cargo comprising 141,321 tonnes of import cargo and 8,279 tonnes of export cargo including 6,632 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 141
Published 29 Mar, 2017 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Mar, 2017 12:00am
Scottish lawmakers back independence on eve of Brexit

Scottish lawmakers back independence on eve of Brexit

Scotland's parliament voted Tuesday to back First Minister Nicola Sturgeon's call for a second independence referendum, another headache for Prime Minister Theresa May as she battles to keep the country united just a day before triggering Brexit. The vote
Published 29 Mar, 2017 12:00am
Earnings, deal talk drive European share rebound, DAX stands out

Earnings, deal talk drive European share rebound, DAX stands out

European shares staged a recovery on Tuesday, lifted by strong results and the prospect of deal-making. The STOXX 600 ended up 0.6 percent, with rumours of stake sales moving individual stocks, while criticism of Tesco's take-over of Booker dented the who
Published 29 Mar, 2017 12:00am
Scottish lawmakers back independence on eve of Brexit

Scottish lawmakers back independence on eve of Brexit

Scotland's parliament voted Tuesday to back First Minister Nicola Sturgeon's call for a second independence referendum, another headache for Prime Minister Theresa May as she battles to keep the country united just a day before triggering Brexit. The vote
Published 29 Mar, 2017 12:00am
Australian shares post near two-year high

Australian shares post near two-year high

Australian shares closed at their highest in nearly two years on Tuesday, buoyed by a rally in financials with the recent round of mortgage rate hikes driving bullish sentiment across the banking sector. The S&P/ASX 200 index climbed 1.3 percent, or 74.5
Published 29 Mar, 2017 12:00am
Cotton little changed ahead of crop plantation report
Cotton

Cotton little changed ahead of crop plantation report

ICE cotton futures held nearly flat on Tuesday as market participants remained cautious ahead of a federal acreage report due later this week. The market is likely to stay quiet until the crop plantation report is out, according to Rogers Varner, presiden
Published 29 Mar, 2017 12:00am
Southeast Asian stocks mostly recover

Southeast Asian stocks mostly recover

Most Southeast Asian stock markets ended higher on Tuesday as investors pinned their hopes on US President Donald Trump's stimulus plans after the healthcare policy setback. While Trump's failure late last week to garner enough support for a plan to repea
Published 29 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Mar, 2017 12:00am
Oil jumps on Libyan disruption, OPEC deal extension hopes

Oil jumps on Libyan disruption, OPEC deal extension hopes

Oil prices rose as much as 2 percent on Tuesday after a severe disruption to Libyan oil supplies and as officials suggested OPEC and other producing countries could extend an output cuts deal to the end of the year. Armed factions have blocked production
Published 29 Mar, 2017 12:00am
FTSE climbs back led by miners, banks; Wolseley surges

FTSE climbs back led by miners, banks; Wolseley surges

Britain's top share index climbed back on Tuesday, underpinned by a recovery in miners and banks as well as a surge in Wolseley's shares following strong results. The FTSE 100 ended up 0.7 percent, boosted late in the session by a reversal into positive t
Published 29 Mar, 2017 12:00am
Arabica coffee hovers above three-month low

Arabica coffee hovers above three-month low

Coffee futures on ICE eased on Tuesday, with arabica prices hovering above a three-month trough and robusta easing slightly after the prior session's rally, while sugar and cocoa meandered lower with no new fundamentals to give direction. The soft commodi
Published 29 Mar, 2017 12:00am
Dollar nurses losses in Asian trade
Currency

Dollar nurses losses in Asian trade

The dollar limped off multi-month lows against major peers on Tuesday, with much of the lift from the "Trump trade" now gone. The greenback had taken a beating as market participants saw the prospects for a US fiscal spending boost from President Donald T
Published 29 Mar, 2017 12:00am
Dollar steadies in European trade

Dollar steadies in European trade

The dollar steadied on Tuesday after its worst week since US President Donald Trump's election in November, promises of more rises in Federal Reserve interest rates this year helping it recover from multi-month lows in still shaky global markets. A dip in
Published 29 Mar, 2017 12:00am
Early trade in NY: Dollar steadies above four-month lows
Currency

Early trade in NY: Dollar steadies above four-month lows

The dollar steadied broadly on Tuesday, hovering above 4-month lows, as a general risk-off mood in currency markets offset comments from Federal Reserve officials that suggested the US central bank was poised to continue its rate-hike cycle.
Published 29 Mar, 2017 12:00am
Dollar hits four-month low in New York as Trump trade deflates
Currency

Dollar hits four-month low in New York as Trump trade deflates

The dollar fell to its lowest since November against a basket of currencies on Monday as investors lost confidence in prospects for a US fiscal spending boost under President Donald Trump after his failure to pass a major healthcare reform bill.
Published 29 Mar, 2017 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Tuesday due to dollar demand from a state bank to cover import bills. Rupee forwards were active, with two-week forwards ending at 152.70/80 per dollar, compared with Monday's close of 152.65/75. "There was some sellin
Published 29 Mar, 2017 12:00am
Most emerging Asian currencies lower
Currency

Most emerging Asian currencies lower

Most emerging Asian currencies on Tuesday fell from multi-month highs the previous day as the dollar gained back a bit of strength and traders took profits on regional units. The dollar recovered from a four-month-low as anxiety over Donald Trump's setbac
Published 29 Mar, 2017 12:00am
Canadian dollar little changed

Canadian dollar little changed

The Canadian dollar was little changed on Monday against its US counterpart as lower oil prices offset broadbased losses for the greenback, while investors braced for a speech by Bank of Canada Governor Stephen Poloz. Poloz is likely to be asked about the
Published 29 Mar, 2017 12:00am
Britain's pound steady on eve of Brexit trigger
Currency

Britain's pound steady on eve of Brexit trigger

Currency traders showed little sign of heightened nerves on Tuesday ahead of Britain's formal launch of negotiations on leaving the European Union. British Prime Minister Theresa May will trigger Article 50 of the EU's Lisbon Treaty with a formal notifica
Published 29 Mar, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 79.66-79.67 (previous 79.65-79.65).
Published 29 Mar, 2017 12:00am
China's yuan falls

China's yuan falls

China's yuan weakened against the US dollar on Tuesday after the greenback clawed back from multi-month lows, while borrowing costs in the interbank market remained elevated as liquidity tightened heading into the end of quarter. The People's Bank of Chin
Published 29 Mar, 2017 12:00am
US Consul General appreciates female field hockey event

US Consul General appreciates female field hockey event

The Consul General, Grace Shelton, welcomed 60 girls aged 14-20 from Olympian Islahuddin-Dr Shah Hockey Academy and the English Access micro-scholarship program to a female field hockey event at the Old Consul General Residence. The event included a mini-
Published 29 Mar, 2017 12:00am
Previous Day