BR100 Increased By (1.77%)
BR30 Increased By (1.96%)
KSE100 Increased By (1.59%)
KSE30 Increased By (1.65%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.50 Decreased By ▼ -1.72 (-2.81%)
BOP 34.55 Increased By ▲ 0.87 (2.58%)
CNERGY 8.10 Increased By ▲ 0.02 (0.25%)
DCL 12.06 Increased By ▲ 0.42 (3.61%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.50 Decreased By ▼ -0.13 (-2.31%)
FFL 18.03 Increased By ▲ 0.02 (0.11%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.02 Decreased By ▼ -0.02 (-0.18%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.93 Increased By ▲ 0.20 (3.49%)
MLCF 90.70 Increased By ▲ 4.19 (4.84%)
NBP 191.00 Increased By ▲ 6.70 (3.64%)
PACE 11.50 Decreased By ▼ -0.15 (-1.29%)
PAEL 41.26 Increased By ▲ 1.30 (3.25%)
PIAHCLA 25.75 Increased By ▲ 0.08 (0.31%)
PIBTL 17.52 Increased By ▲ 0.25 (1.45%)
PPL 226.70 Increased By ▲ 4.03 (1.81%)
PRL 34.70 Increased By ▲ 0.24 (0.7%)
PTC 64.60 Increased By ▲ 0.86 (1.35%)
SEARL 91.50 Increased By ▲ 1.04 (1.15%)
SSGC 26.98 Increased By ▲ 0.31 (1.16%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.10 Increased By ▲ 0.63 (0.92%)
TPLP 10.85 Decreased By ▼ -0.35 (-3.13%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.40 Decreased By ▼ -1.19 (-1.69%)
WAVES 11.24 Increased By ▲ 0.13 (1.17%)
WTL 1.29 Increased By ▲ 0.02 (1.57%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Archive - 2017-12-22
ECP's meeting on Election 2018 underway
Pakistan Top News

ECP's meeting on Election 2018 underway

The Election Commission of Pakistan commenced a meeting on Friday to discuss and decide the future course of action
Updated 11 May, 2018 02:06pm
UK economy picks up speed
World

UK economy picks up speed

LONDON: Britain's economy picked up speed in the third quarter thanks to a strong services sector, official data con
Published 22 Dec, 2017 11:00am
SBP injects Rs1,390bn into market
Top News

SBP injects Rs1,390bn into market

KARACHI: State Bank of Pakistan on Friday injected Rs 1,390 billion into money market for seven days as reverse repo
Published 22 Dec, 2017 09:58am
Tokyo stocks open flat
Financial

Tokyo stocks open flat

TOKYO: Tokyo stocks opened flat on Friday as foreign investors shifted to profit-taking ahead of holidays after US stock
Published 22 Dec, 2017 12:49am
Rubber down
Exchange

Rubber down

Benchmark Tokyo rubber futures ended down 0.7 percent on Thursday, coming under pressure from a decline in Shanghai futures, brokers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, ended about 2
Published 22 Dec, 2017 12:00am
Oil little changed despite planned restart of UK North Sea pipe

Oil little changed despite planned restart of UK North Sea pipe

Oil prices were little changed on Thursday, erasing earlier losses after the operator of Britain's Forties pipeline in the North Sea said it was expected to restart in early January after repairs over Christmas. Forties is the largest of the five North Se
Published 22 Dec, 2017 12:00am
Shanghai copper up
Exchange

Shanghai copper up

Shanghai Futures Exchange copper held a 1 percent advance at 54,180 yuan ($8,263) a tonne on Thurday and Open interest also fell by a softer dollar and a sturdy demand outlook from China. China will deepen structural reforms and curb risks to the country'
Published 22 Dec, 2017 12:00am
Cotton up on speculator demand
Cotton

Cotton up on speculator demand

ICE cotton futures gained nearly 1 percent on Wednesday, boosted by demand for the natural fiber from speculators. Cotton contracts for March settled up 0.68 cent, or 0.91 percent, at 75.71 cents per lb after trading within a range of 74.95 and 75.95 cent
Published 22 Dec, 2017 12:00am
Russia finalises S-400 missile system deal with Turkey

Russia finalises S-400 missile system deal with Turkey

Russia said Thursday that it had completed negotiations with Turkey for the sale of an S-400 air defence missile system, with delivery scheduled for late 2019. "Practically speaking, the contract is entering the phase of realisation," said Vladimir Kozhin
Published 22 Dec, 2017 12:00am
16 die in Syria's Eastern Ghouta waiting for evacuation: UN

16 die in Syria's Eastern Ghouta waiting for evacuation: UN

At least 16 people have died while waiting for medical evacuation from Syria's besieged Eastern Ghouta region, the United Nations said Thursday. Jan Egeland, head of the UN's humanitarian taskforce for Syria, said a list put together several months ago of
Published 22 Dec, 2017 12:00am
Russia parliament ratifies deal to expand Syria naval facility

Russia parliament ratifies deal to expand Syria naval facility

Russia's parliament on Thursday ratified an agreement with Damascus to expand the Russian military's naval facility in the Syrian port of Tartus. The agreement was signed in Syria in January and was sent last week by Russian President Vladimir Putin for r
Published 22 Dec, 2017 12:00am
UK priest jailed for 18 years over child sex abuse

UK priest jailed for 18 years over child sex abuse

A priest was jailed for 18 years on Thursday for sexual abusing boys at a top British Catholic school in crimes dating back to the 1970s. Andrew Soper, 74, fled to Kosovo in 2011 to avoid prosecution over charges that he molested boys while headmaster at
Published 22 Dec, 2017 12:00am
Raul Castro to step down as Cuba's president in April 2018

Raul Castro to step down as Cuba's president in April 2018

Cuban President Raul Castro will step down in April 2018 straight after his successor is chosen by a top governing council, according to a vote Thursday in the island state's National Assembly. The decision means Castro, 86, will stay on two months longer
Published 22 Dec, 2017 12:00am
Swiss open humanitarian office in Damascus

Swiss open humanitarian office in Damascus

The Swiss government said Thursday it had opened a "humanitarian office" in Damascus aimed at improving aid distribution and at monitoring and coordinating assistance programmes on the ground. Switzerland is thus the fist western country, excluding the Eu
Published 22 Dec, 2017 12:00am
Britain, Poland sign defence treaty ahead of Brexit

Britain, Poland sign defence treaty ahead of Brexit

Poland and Britain signed a new defence treaty on Thursday as Prime Minister Theresa May sought to deepen ties with Warsaw ahead of her country's exit from the EU by March 2019. "Our defence and security cooperation is already strong, but we have gone eve
Published 22 Dec, 2017 12:00am
Britain's May dubbed 'Madam Brexit' by translator

Britain's May dubbed 'Madam Brexit' by translator

British Prime Minister Theresa May was left smirking at a press conference with her Polish counterpart on Thursday after a translator accidentally called her "Madam Brexit". May was in Warsaw for talks with Prime Minister Mateusz Morawiecki, with the disc
Published 22 Dec, 2017 12:00am
29 dead in fitness centre blaze in South Korea

29 dead in fitness centre blaze in South Korea

At least 29 people were killed and 26 injured Thursday in a major blaze at a fitness centre building in the South Korean city of Jecheon, officials said, in one of the country's deadliest fire disasters. The fire broke out around 4:00pm local time (0700 G
Published 22 Dec, 2017 12:00am
North Korean soldier defects to South

North Korean soldier defects to South

A North Korean soldier escaped to the South on Thursday across the heavily-guarded Demilitarized Zone that divides the peninsula, triggering gunfire on both sides of the tense border in the second defection in successive months.
Published 22 Dec, 2017 12:00am
Two die in Iran quake panic

Two die in Iran quake panic

An elderly woman and a young girl died and nearly 100 people were injured as a 5.2 magnitude earthquake sparked panic in the Iranian capital and neighbouring areas, officials said Thursday. The epicentre of the quake, which struck shortly before 11:30 pm
Published 22 Dec, 2017 12:00am
Peru's president in last-ditch appearance to avert impeachment

Peru's president in last-ditch appearance to avert impeachment

Peruvian President Pedro Pablo Kuczynski on Thursday made a last-ditch effort to stave off impeachment, appearing before lawmakers to deny allegations of corruption linked to disgraced Brazilian construction firm Odebrecht.
Published 22 Dec, 2017 12:00am
US drone strike kills Al-Qaeda propaganda chief in Yemen

US drone strike kills Al-Qaeda propaganda chief in Yemen

The propaganda chief of Al-Qaeda in the Arabian Peninsula was among six jihadists killed in two separate US drone strikes in Yemen, tribal sources said on Thursday. The Wednesday evening strikes came as Washington revealed that US forces have carried out
Published 22 Dec, 2017 12:00am
Four dead, 11 missing as ferry capsizes off Philippines

Four dead, 11 missing as ferry capsizes off Philippines

Four people were killed and 11 others were missing Thursday after a ferry with hundreds on board capsized in stormy weather off the Philippines, rescuers said. Over 200 passengers and crew were plucked to safety after the Mercraft 3 keeled over in heavy s
Published 22 Dec, 2017 12:00am
Lebanon conducts first-ever census of Palestinian refugees

Lebanon conducts first-ever census of Palestinian refugees

More than 174,000 Palestinian refugees live in Lebanon, authorities announced Thursday, in the first-ever census of its kind for a country where demographics have long been a sensitive subject. The census was carried out by the government's Lebanese-Pales
Published 22 Dec, 2017 12:00am
PCB names 18 players for New Zealand tour camp

PCB names 18 players for New Zealand tour camp

Pakistan Cricket Board (PCB) has announced as many as 18 players for the fitness camp starting from Saturday as a part of preparations of a strong team for the upcoming New Zealand tour. The top pacers including Mohammad Irfan, Junaid Khan and Sohail Khan
Published 22 Dec, 2017 12:00am
Malik Club, Khyber Green advance in KP Youth U-19 Cricket

Malik Club, Khyber Green advance in KP Youth U-19 Cricket

Malik Club and Khyber Green advanced to next round after securing victories against their respective rivals in the ongoing Khyber Pakhtunkhwa Youth Under-19 Cricket Tournament being played here at Arbab Niaz Cricket Stadium on Thursday. In the first match
Published 22 Dec, 2017 12:00am
Allied Bank, Barry's win in Samba Bank Lahore Open Polo

Allied Bank, Barry's win in Samba Bank Lahore Open Polo

Allied Bank and Barry's carved out hard-fought victories in the Samba Bank Lahore Open Polo Championship 2017 matches played here at the Lahore Polo Club (LPC) ground on Thursday. In the first match of the day, Allied Bank defeated Diamond Paints by 7-5.
Published 22 Dec, 2017 12:00am
Jemez named as new Las Palmas manager

Jemez named as new Las Palmas manager

Paco Jemez was on Thursday appointed the new coach of Las Palmas, the struggling La Liga side announced. Jemez is the club's third manager this season and the 47-year-old inherits a team that has won just one of their last 13 Liga outings and only three i
Published 22 Dec, 2017 12:00am
'Governance lapses' around postponed T20 league

'Governance lapses' around postponed T20 league

Cricket South Africa said on Thursday that it remained in a healthy position despite the costly postponement of the planned T20 Global League. In a statement following a board meeting, CSA president Chris Nenzani said lessons had been learned from the fai
Published 22 Dec, 2017 12:00am
'Tennis saved me during illness', says returning Bartoli

'Tennis saved me during illness', says returning Bartoli

Former Wimbledon champion Marion Bartoli said on Wednesday that she first considered making a professional comeback while suffering from a mystery illness last year. The Frenchwoman was forced to pull out of an exhibition event at Wimbledon last year beca
Published 22 Dec, 2017 12:00am
Mueller helps Bayern battle past Dortmund

Mueller helps Bayern battle past Dortmund

Thomas Mueller scored the decisive goal as Bayern Munich fought to a 2-1 victory over rivals Borussia Dortmund to reach the German Cup quarter-finals on Wednesday. Goals from Jerome Boateng and Mueller gave Bayern a comfortable lead before half-time, but
Published 22 Dec, 2017 12:00am
Peace and Youth Cricket Festival in January: Iftikhar Elahi

Peace and Youth Cricket Festival in January: Iftikhar Elahi

Chairman, Peace Sports and Culture Foundation of Pakistan Tehrik-e-Insaf Pakistan Iftikhar Elahi Thursday said that Peace and Youth Cricket Festival across Pakistan will be organized in January 2018. This he said in a press briefing here at Media Center o
Published 22 Dec, 2017 12:00am
Venus Williams cleared in fatal Florida crash

Venus Williams cleared in fatal Florida crash

American tennis star Venus Williams will not be charged in a fatal two car smash in June that killed a passenger in the other car, according to the US media quoting the Florida police. Police concluded neither driver was at fault and no charges would be f
Published 22 Dec, 2017 12:00am
Birmingham named as 2022 Commonwealth Games host city

Birmingham named as 2022 Commonwealth Games host city

The English city of Birmingham was on Thursday confirmed as the host of the 2022 Commonwealth Games after a troubled bidding process. "We warmly congratulate Birmingham and England on today's announcement - it is a defining moment for this truly Commonwea
Published 22 Dec, 2017 12:00am
Steyn plays down hopes of wickets record

Steyn plays down hopes of wickets record

Dale Steyn doesn't want to talk about the possibility of becoming South Africa's all-time leading wicket-taker, he said during a steady comeback to long-form cricket on Wednesday. Steyn was not among the wickets for a South African Invitation team on the
Published 22 Dec, 2017 12:00am
Birthday boy Mbappe stars as PSG down Caen

Birthday boy Mbappe stars as PSG down Caen

Kylian Mbappe celebrated his 19th birthday on Wednesday with a goal and an assist as Paris Saint-Germain cruised to a 3-1 victory over Caen in Ligue 1. The French teenager has enjoyed a stratospheric rise in 2017 and rounded out a memorable year in style
Published 22 Dec, 2017 12:00am
Kiwi jumps, Aussie range bound

Kiwi jumps, Aussie range bound

The New Zealand dollar jumped to a near two-month peak on Thursday after news of expectation-busting economic growth in the third quarter, while the Australian dollar was trapped in a narrow band. The New Zealand dollar climbed as far as $0.7020, within k
Published 22 Dec, 2017 12:00am
Sterling steadies

Sterling steadies

Sterling traded flat on Thursday in a quiet market after falling initially following a survey that showed consumer sentiment had fallen to a four-year low and news that Britain's deputy prime minister had been forced to resign.
Published 22 Dec, 2017 12:00am
Most Asian currencies edge higher
Currency

Most Asian currencies edge higher

Most Asian currencies edged higher against the dollar on Thursday, with the rupiah leading the gainers in the region and touching a two-week high after Fitch upgraded Indonesia's credit rating. The Indonesian rupiah saw its best session in more than a mon
Published 22 Dec, 2017 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee closed firmer on Thursday, as exporter dollar sales and inward remittances exceeded demand for the US currency by importers, dealers said. The spot rupee ended at 152.85/95 per dollar, compared with Wednesday's close of 152.90/153.00.
Published 22 Dec, 2017 12:00am
Yuan extends rally
Currency

Yuan extends rally

China's yuan extended its gains against the US dollar on Thursday and surged to its strongest level in more than three months, thanks to dollar selling and a much-strengthened official midpoint. Prior to market opening on Thursday, the People's Bank of Ch
Published 22 Dec, 2017 12:00am
Dollar slides against most currencies in New York

Dollar slides against most currencies in New York

The dollar retreated against most currencies except the yen and Swiss franc on Wednesday, with the greenback seen having limited upside potential given that investors have already factored in a comprehensive US tax bill that is all but certain to be signe
Published 22 Dec, 2017 12:00am
Early trade in New York: dollar rises on US data, tax plan
Currency

Early trade in New York: dollar rises on US data, tax plan

The dollar edged higher on Thursday after two days of losses in light trading, lifted by generally positive US data and a tax overhaul plan that could prompt the Federal Reserve to raise interest rates at a faster-than-expected pace. Still, the US currenc
Published 22 Dec, 2017 12:00am
Dollar climbs against yen in Europe
Currency

Dollar climbs against yen in Europe

The dollar hit a nine-day high against the yen on Thursday, after comments by Bank of Japan Governor Haruhiko Kuroda reinforced expectations that the BoJ was in no hurry to move away from its ultra-loose monetary policy. Some investors had expected hints
Published 22 Dec, 2017 12:00am
Dollar rises in Asia

Dollar rises in Asia

The dollar edged higher against the yen on Thursday, after comments by Bank of Japan Governor Haruhiko Kuroda reinforced expectations that the BoJ was in no hurry to move away from its ultra-loose monetary policy. Speaking after the BoJ kept interest rate
Published 22 Dec, 2017 12:00am
Santa's gift to the FTSE: 7,600 points

Santa's gift to the FTSE: 7,600 points

Britain's top stock index shot up to a record high on Thursday in thin pre-holiday trade, supported by buoyant commodity stocks and a late dip in the pound. The FTSE 100 rose above the 7,600 points mark for the first time, ending up 1.1 percent and outper
Published 22 Dec, 2017 12:00am
Southeast Asian markets: Indonesia at record high on rating upgrade

Southeast Asian markets: Indonesia at record high on rating upgrade

Indonesian shares closed at a record high on Thursday, bouncing back from a drop in the previous session, after Fitch raised the country's credit ratings to their second lowest investment grade. Fitch upgraded Indonesia's credit ratings to 'BBB', with its
Published 22 Dec, 2017 12:00am
Sri Lankan stocks steady

Sri Lankan stocks steady

Sri Lankan shares ended steady on Thursday, near an eight-month low hit in the previous session, as losses in oil palm and telecommunications offset gains in banking and diversified stocks. The Colombo Stock Index ended 0.03 percent firmer at 6,323.52, ed
Published 22 Dec, 2017 12:00am
European shares find fuel ahead of Catalan election outcome, holiday

European shares find fuel ahead of Catalan election outcome, holiday

Financials led European stocks higher on Thursday in a reversal of earlier losses after a muted response to the approval by the US Congress of a long-anticipated tax overhaul, while a vote in Catalonia remained in focus. The pan-European STOXX 600 index e
Published 22 Dec, 2017 12:00am
China stocks soar
Exchange

China stocks soar

China stocks rose on Thursday, as investors were inspired by Beijing's commitment to maintain steady economic growth next year while deepening structural reforms and curbing financial risks. The Chinese government will push forward with structural supply-
Published 22 Dec, 2017 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong shares rose on Thursday, supported by gains in mainland markets as Beijing pledged to deepen structural reforms and curb risks to its financial system while maintaining steady economic growth in 2018. The pledges came in a statement following Ch
Published 22 Dec, 2017 12:00am
Treasury yields at nine-month high

Treasury yields at nine-month high

US Treasury yields rose to nine-month highs on Wednesday on optimism a US tax overhaul will help boost growth and as economic data improves. The Republican-controlled US House of Representatives gave final approval to the biggest overhaul of the US tax co
Published 22 Dec, 2017 12:00am
Treasury yields at nine-month high

Treasury yields at nine-month high

US Treasury yields rose to nine-month highs on Wednesday on optimism a US tax overhaul will help boost growth and as economic data improves. The Republican-controlled US House of Representatives gave final approval to the biggest overhaul of the US tax co
Published 22 Dec, 2017 12:00am
Indian shares down

Indian shares down

Indian shares were little changed at the close on Thursday after they hit record highs in the previous session, with investors booking profits in recent outperformers such as Mahindra and Mahindra Ltd.
Published 22 Dec, 2017 12:00am
Wall Street edges lower, pauses as tax bill clears Congress
Exchange

Wall Street edges lower, pauses as tax bill clears Congress

Wall Street's main indexes dipped on Wednesday, pausing after recent record highs as both houses of Congress approved a long-anticipated tax overhaul. The Republican-controlled US House of Representatives gave final approval to a sweeping tax bill, which
Published 22 Dec, 2017 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo's main stock market closed lower Thursday, tracking a fall on Wall Street, while traders were unmoved by the Bank of Japan's decision to keep its ultra-loose monetary policy in place. The benchmark Nikkei 225 index dropped 0.11 percent, or 25.62 poi
Published 22 Dec, 2017 12:00am
Australian, New Zealand shares slip

Australian, New Zealand shares slip

Australian shares fell on Thursday in the wake of a subdued Wall Street response to the US tax overhaul, though gains by miners due to strong commodity prices capped losses. The S&P/ASX 200 index, snapping a three-day winning streak, dropped 0.25 percent
Published 22 Dec, 2017 12:00am
Qatar index resumes rally, most of Gulf bourses little changed

Qatar index resumes rally, most of Gulf bourses little changed

Qatar's stock market resumed a rally from near six-year lows on Thursday while most bourses in the Gulf were little changed, lacking fresh stimulus. The Qatari index added 1.2 percent as Vodafone Qatar, the most heavily traded stock, rose 2.6 percent. Qat
Published 22 Dec, 2017 12:00am
Cotton prices consolidate at peak levels
Cotton

Cotton prices consolidate at peak levels

Traders said in Karachi that domestic as well as the global cotton prices are generally being held tightly despite the approaching holiday period in Pakistan due to the birthday of Quaid-e-Azam Mohammed Ali Jinnah on the 25th December 2017, which also coi
Published 22 Dec, 2017 12:00am
Cotton prices consolidate at peak levels
Cotton

Cotton prices consolidate at peak levels

Traders said in Karachi that domestic as well as the global cotton prices are generally being held tightly despite the approaching holiday period in Pakistan due to the birthday of Quaid-e-Azam Mohammed Ali Jinnah on the 25th December 2017, which also coi
Published 22 Dec, 2017 12:00am
HRW wheat bids flat

HRW wheat bids flat

Spot basis bids for hard red winter (HRW) wheat on Tuesday were unchanged in the southern US Plains as farmers eyed a slight jump in K.C. HRW wheat futures, dealers said. The Chicago Board of Trade K.C. March HRW wheat futures contract at 12:41 pm CST (18
Published 22 Dec, 2017 12:00am
Firm trend witnessed
Cotton

Firm trend witnessed

Steadier trend was witnessed on the cotton market on Thursday in the process of trading, dealers said. The official spot rate was unchanged at Rs 7000, they said. In ready session, around 20,000 bales of cotton changed hands between Rs 5800-7500, they sai
Published 22 Dec, 2017 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 235,518 tonnes of cargo comprising 148,951 tonnes of import cargo and 86,567 tonnes of export cargo including 6,199 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 22 Dec, 2017 12:00am
Euronext wheat futures little changed
Exchange

Euronext wheat futures little changed

Euronext wheat futures were little changed on Tuesday in a slow pre-holiday market as traders weighed up the risks of weather damaging US crops against big global supplies. March milling wheat on the Paris-based Euronext exchange was unchanged at 161.25 e
Published 22 Dec, 2017 12:00am
CBOT soyabean futures fall

CBOT soyabean futures fall

Chicago Board of Trade soyabean futures fell to three-month lows on Tuesday on technical selling and as rains in some South American soya production areas were seen boosting crops. Benchmark CBOT January soyabeans ended down 5-1/2 cents at $9.56 a bushel,
Published 22 Dec, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,132. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.850 billion and the number of lots traded was 8,024.
Published 22 Dec, 2017 12:00am
Qatari investor to float 25 percent of Italy's Valentino
Exchange

Qatari investor to float 25 percent of Italy's Valentino

Italian fashion house Valentino plans to list on the Milan stock market sometime from late 2018, with its Qatari owner planning to sell around a quarter of the company in an initial public offering of shares, a source close to the matter said. The group,
Published 22 Dec, 2017 12:00am
European banks need $47 billion to meet new capital rules

European banks need $47 billion to meet new capital rules

The European banking system is 39.7 billion euros ($47 billion) short of the capital it needs to implement new regulations meant to ensure the world's banks can withstand financial shocks, the European Banking Authority (EBA) said on Wednesday.
Published 22 Dec, 2017 12:00am
US economy grows at fastest pace in more than two years

US economy grows at fastest pace in more than two years

The US economy grew at its fastest pace in more than two years in the third quarter, powered by robust business spending, and is poised for what could be a modest lift next year from sweeping tax cuts passed by Congress this week. While other data on Thur
Published 22 Dec, 2017 12:00am
UK consumer morale sinks to four-year low

UK consumer morale sinks to four-year low

British consumer sentiment fell to its lowest level in four years this month as inflation-squeezed households took a gloomier view of their personal finances, a long-running survey showed on Thursday. The GfK consumer confidence index slipped to -13, its
Published 22 Dec, 2017 12:00am
Lufthansa wins EU nod for Air Berlin spoils

Lufthansa wins EU nod for Air Berlin spoils

German carrier Lufthansa clinched EU approval Thursday for its scaled back bid to snap up assets of bankrupt Air Berlin, a European Union statement said. Responding to signals that the EU would veto its initial plans, the German behemoth last week ditched
Published 22 Dec, 2017 12:00am
Ryanair says formally recognises Irish pilots' union

Ryanair says formally recognises Irish pilots' union

Irish no-frills airline Ryanair said Thursday that it is formally recognising an Irish pilots' trade union in a bid to resolve a long-running row, but still faces strike threats elsewhere. "Ryanair has this morning written to the Impact union confirming i
Published 22 Dec, 2017 12:00am
Reliance sells power unit to Adani to reduce debt
Exchange

Reliance sells power unit to Adani to reduce debt

India's Reliance Infrastructure, backed by tycoon Anil Ambani, announced Thursday the sale of its power distribution business to billionaire Gautam Adani for nearly $3 billion, its latest effort to pare its debts. Reliance Infrastructure, part of the Reli
Published 22 Dec, 2017 12:00am
Indonesia wins Fitch ratings upgrade
Currency

Indonesia wins Fitch ratings upgrade

The Fitch ratings agency raised Indonesia's sovereign rating to its second-lowest investment grade Thursday, providing a welcome boost to reform efforts in Southeast Asia's largest economy. The move reflected Indonesia's improved ability to weather extern
Published 22 Dec, 2017 12:00am
Indonesia wins Fitch ratings upgrade
Currency

Indonesia wins Fitch ratings upgrade

The Fitch ratings agency raised Indonesia's sovereign rating to its second-lowest investment grade Thursday, providing a welcome boost to reform efforts in Southeast Asia's largest economy. The move reflected Indonesia's improved ability to weather extern
Published 22 Dec, 2017 12:00am
China's Didi raises $4 billion to fund global turf war with Uber

China's Didi raises $4 billion to fund global turf war with Uber

Chinese ride-sharing firm Didi Chuxing said Thursday it had raised $4 billion from investors, months after a funding round that made it Asia's most valuable startup, as it presses on with a global battle with US giant Uber.
Published 22 Dec, 2017 12:00am
New recall of Lactalis baby milk over salmonella fears

New recall of Lactalis baby milk over salmonella fears

French baby-milk maker Lactalis on Thursday ordered the recall of all of the production of one of its factories since February over fears of possible contamination with salmonella. Lactalis, one of the world's top dairy producers, had already recalled aro
Published 22 Dec, 2017 12:00am
France named The Economist's country of the year

France named The Economist's country of the year

The Economist named France as its country of the year on Thursday, saying new President Emmanuel Macron had upset the odds to strike a victory for open societies and reform.
Published 22 Dec, 2017 12:00am
Toys'R'Us avoids UK administration, confirms store closures

Toys'R'Us avoids UK administration, confirms store closures

The troubled British arm of US retailer Toys'R'Us narrowly avoided entering administration, it announced on Thursday, after a key creditor embraced its plan to shut stores and plug its pensions deficit. At least 26 of the 105 Toys'R'Us shops in Britain wi
Published 22 Dec, 2017 12:00am
BoJ keeps policy steady, Kuroda dismisses talk of early exit
Exchange

BoJ keeps policy steady, Kuroda dismisses talk of early exit

The Bank of Japan kept monetary policy steady on Thursday and its governor said economic improvements alone would not trigger a withdrawal of stimulus, reassuring markets it will lag well behind its overseas peers in ending crisis-mode easing.
Published 22 Dec, 2017 12:00am
Message from Minister of State for Energy (Petroleum Division)

Message from Minister of State for Energy (Petroleum Division)

The White Oil Pipeline Mogas Project being built by Pak-Arab Pipeline Company Limited at a cost of US$134 million represents a truly important contribution to Pakistan's energy infrastructure, considering that the safest mode Mogas Transportation to upcou
Published 22 Dec, 2017 12:00am
Message from Federal Secretary of Ministry of Energy

Message from Federal Secretary of Ministry of Energy

White Oil Pipeline Mogas Project is an impressive outcome of the business philosophy pursued by PAPCO and its joint venture partners, namely, PARCO, Shell, PSO and Total PARCO Marketing Limited and blends commercial objectives with national interest. Afte
Published 22 Dec, 2017 12:00am
Message from Chief Executive PAPCO

Message from Chief Executive PAPCO

As the Chief Executive of Pak-Arab Pipeline Company Limited, I wish to felicitate the joint venture partners, namely, PARCO, Shell, PSO and Total PARCO Marketing Limited for their financial support and guidance. It is a truly gratifying moment, as we are
Published 22 Dec, 2017 12:00am
PAPCO White Oil Pipeline Mogas Project

PAPCO White Oil Pipeline Mogas Project

Pak-Arab Pipeline Company Limited (PAPCO) - operates a state-of-the-art cross-country pipeline system to transport refined High Speed Diesel from Karachi ports to up-country. The company has the following shareholding by Pak-Arab Refinery Limited (51%), S
Published 22 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 Dec, 2017 12:00am
Previous Day