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Archive - 2018-01-25
Textile exports witness uptick
Textile

Textile exports witness uptick

The alarmingly high current account deficit has resulted in the government finally taking measures to arrest falling exp
Published 25 Jan, 2018 05:41am
Goodbye used cars?
Automobile

Goodbye used cars?

Just the fact that we are still talking about three-year old used cars when the world is moving toward electric and self
Published 25 Jan, 2018 05:37am
ICI’s mixed results
Chemicals

ICI’s mixed results

Though ICI's top line saw a double digit growth, the momentum did not result in an increase in the bottom line. ICI has
Published 25 Jan, 2018 05:35am
SU canteen opens

SU canteen opens

Professor Dr Fateh Muhammad Burfat, Vice-Chancellor, University of Sindh, Jamshoro inaugurated the students' canteen after its major renovations at Arts Faculty building, on Wednesday. He was flanked by Professor Dr Muhammad Aslam Uqaili, Vice-Chancellor,
Published 25 Jan, 2018 12:00am
GRDC approves Rs 100 million for crisis-hit 100 SMEs

GRDC approves Rs 100 million for crisis-hit 100 SMEs

The Grants Review and Distribution Committee (GRDC) of the Economic Revitalization of Khyber Pakhtunkhwa and FATA (ERKF) Project has approved matching grants to tune of Rs 100 million in head rehabilitation and upgradation for the crisis-hit SMEs in 23 di
Published 25 Jan, 2018 12:00am
'BKOAP provides free health services to workers'

'BKOAP provides free health services to workers'

One million brick kiln workers, especially women, are outside the net of Punjab government's health and maternity services and these workers suffer from multiple diseases and ill-treatment at the hands of quakes. But a small innovative Public-Private expe
Published 25 Jan, 2018 12:00am
Nuclear-policy strategy: Pakistan won't succumb to US pressure: FM

Nuclear-policy strategy: Pakistan won't succumb to US pressure: FM

Pakistan creates it nuclear policy independently and will neither develop nor change it on the orders of the United States, Foreign Minister Khawaja Asif told newsmen Tuesday night here in Switzerland. Asif is in Davos, Switzerland, for the annual session
Published 25 Jan, 2018 12:00am
Rs 347 million WUS budget approved

Rs 347 million WUS budget approved

The Syndicate of Women University Swabi (WUS) on Wednesday sanctioned a deficit free budget of Rs 347 million for the year 2017-2018. The syndicate budget meeting was chaired by Vice-Chancellor WUS Professor Dr Khanzadi Fatima Khattak.
Published 25 Jan, 2018 12:00am
Lord Nazir's Yorkshire home robbed

Lord Nazir's Yorkshire home robbed

Member of British House of Lords, Lord Nazir Ahmed's house in Rotherham, South Yorkshire in Britain was robbed on late Tuesday night. Lord Nazir remained safe in the incident as he was not present in the house at the time of robbery. Valuable household it
Published 25 Jan, 2018 12:00am
Plan afoot for PCCC's financial independence
Cotton

Plan afoot for PCCC's financial independence

Deputy Chairman Planning Commission, Sartaj Aziz is to prepare a plan for future of financially independent Pakistan Central Cotton Committee (PCCC) as both Textile Division and Ministry of National Food Security and Research (MNFS&R) are making efforts f
Published 25 Jan, 2018 12:00am
Pindi-Kohat Rail Car Service inaugurated

Pindi-Kohat Rail Car Service inaugurated

Federal Minister for Railway Khawaja Saad Rafiq Wednesday inaugurated Rail Car Service between Kohat and Rawalpindi and pledged he will ensure that funds on railway projects are spent transparency. Provincial president, PML-N, Advisor to PM Engineer Ameer
Published 25 Jan, 2018 12:00am
Belarus, Pakistan to have positive momentum of ties: FM

Belarus, Pakistan to have positive momentum of ties: FM

Belarus and Pakistan are interested in maintaining the positive momentum of relations. The statement was made during a meeting between Belarus Minister of Foreign Affairs Vladimir Makei and outgoing Ambassador of Pakistan Masood Khan Raja.
Published 25 Jan, 2018 12:00am
UoP holds moot on peace & development through CPEC
Exchange

UoP holds moot on peace & development through CPEC

A day-long National conference on "Peace and Development through CPEC was held at University of Peshawar. The chief guest on the occasion was Vice Chancellor Islamia College University Professor Dr Habib Ahmad, flanked by Pro-Vice Chancellor UoP, Professo
Published 25 Jan, 2018 12:00am
'Women enrolment in Tevta's institutes jumps to 46,000 p.a.'

'Women enrolment in Tevta's institutes jumps to 46,000 p.a.'

Chairman Technical Education and Vocational Training Authority (TEVTA), Irfan Qaiser Sheikh has said that due to the steps taken by TEVTA, women enrolment has increased from 23,000 per annum to 46,000 per annum in three years.
Published 25 Jan, 2018 12:00am
Punjab's educational reforms termed best in Asia

Punjab's educational reforms termed best in Asia

Punjab Government's educational reforms have helped to achieve 100 percent enrolment in the province. Educational reforms of the Punjab province have emerged as the best and positive example of education-promotion in the entire Asia. Punjab education depa
Published 25 Jan, 2018 12:00am
Alamgir Firoz made chief of FPCCI body

Alamgir Firoz made chief of FPCCI body

President Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Ghazanfar Bilour has appointed Alamgir Firoz as Chairman Standing Committee on Diplomatic Affairs for the year 2018. Alamgir Firoz is well known in the diplomatic circle and has ric
Published 25 Jan, 2018 12:00am
Czech mogul PM resigns, gets second shot at cabinet

Czech mogul PM resigns, gets second shot at cabinet

Czech Prime Minister Andrej Babis on Wednesday handed the resignation of his minority government to President Milos Zeman, a political ally who immediately asked the populist billionaire to form another government.
Published 25 Jan, 2018 12:00am
Belgian police shoot knife-wielding Afghan man

Belgian police shoot knife-wielding Afghan man

Police shot an Afghan man who lunged at them with a knife at the main railway station in the Belgian city of Ghent, but there are "no signs of terrorism," prosecutors said Wednesday. The 28-year-old who is now in hospital is likely to survive his wounds a
Published 25 Jan, 2018 12:00am
US clown resigns over sexual misconduct allegations

US clown resigns over sexual misconduct allegations

A man who played a well known circus clown in America has acknowledged he pressured a teenage girl acrobat into posing for pornographic pictures and has resigned, the New York Times reported. The latest man to fall amid the country's wave of sexual miscon
Published 25 Jan, 2018 12:00am
Kasur tragedy: accused sent on 14-day remand

Kasur tragedy: accused sent on 14-day remand

An Anti-Terrorism Court (ATC) on Wednesday granted 14-day physical remand of Imran Ali, main accused in Zainab's rape and murder case. The suspect Imran will be produced before the court again on 08th February. He was presented before the Special Court Ju
Published 25 Jan, 2018 12:00am
Call to give boost to ITES exports, IT related products

Call to give boost to ITES exports, IT related products

Pakistan needs to invest heavily in education, reinforced with research and development, to meet the demand of the IT sector for skilled employable IT graduates and thus give a boost to the exports of information technology enabled services (ITES) and IT
Published 25 Jan, 2018 12:00am
Once a struggling startup now a success story

Once a struggling startup now a success story

A new Pakistan is emerging rapidly, where entrepreneurs are changing the country's horizons with their brilliant projects. The projects which had just started with a brilliant idea in isolation a few years ago have now been developed into successful ventu
Published 25 Jan, 2018 12:00am
Nawaz to address public meeting in Jaranwala on January 27

Nawaz to address public meeting in Jaranwala on January 27

The people of Faisalabad would warmly welcome Nawaz Sharif on 27th January in a public meeting scheduled to be held at Jinnah Stadium Jaranwala and it would be historic public meeting in the history of Faisalabad and Jaranwala as it will be Nawaz Sharif's
Published 25 Jan, 2018 12:00am
Consultative session held for strategic trade policy

Consultative session held for strategic trade policy

Ministry of commerce and TDAP Faisalabad organized a consultative session for strategic trade policy frame work 2018-2023 with trade association and trade bodies of Faisalabad Jhang, Chiniot and Sargodha. The fundamental purpose of holding a seminar is to
Published 25 Jan, 2018 12:00am
Purchase of sugarcane at low rates: CM orders action against delinquents

Purchase of sugarcane at low rates: CM orders action against delinquents

Punjab Chief Minister Shahbaz Sharif on Wednesday asked the concerned officials to initiate immediate legal action wherever complaints regarding purchase of sugarcane at low-rates are received. While addressing a meeting in Lahore, Shahbaz said that hard
Published 25 Jan, 2018 12:00am
Indonesian President's visit to help increase trade volume: Iftikhar

Indonesian President's visit to help increase trade volume: Iftikhar

SAARC Chamber of Commerce Vice President Iftikhar Ali Malik Wednesday said the forthcoming two-day state visit of Indonesian President Joko Widodo to Pakistan will open new vistas of opportunities to further cement bilateral relationship, especially in ec
Published 25 Jan, 2018 12:00am
PFA seals 10 wedding halls, catering companies

PFA seals 10 wedding halls, catering companies

The Punjab Food Authority (PFA) on Wednesday sealed 10 wedding halls and catering companies over multiple poor food hygiene issues during an operation under the supervision of Food Safety Officers (FSOs) across the Punjab. Following PFA Director General N
Published 25 Jan, 2018 12:00am
FINCA Pakistan celebrates 10th anniversary

FINCA Pakistan celebrates 10th anniversary

FINCA Microfinance Bank Ltd, one of the leading microfinance banks in Pakistan, celebrated its 10th anniversary in Pakistan. The celebrations kicked off with an exclusive and colorful event in Lahore. The FINCA management reaffirmed its resolution to beco
Published 25 Jan, 2018 12:00am
Kot Addu Power Company Limited
Mutual Funds

Kot Addu Power Company Limited

Kot Addu Power Company Limited (PSX: KAPCO) is the country's largest independent power producer, and a significant contributor to the national exchequer. The IPP is involved in the ownership, operation and maintenance of a 1,600 MW nameplate capacity gas,
Published 25 Jan, 2018 12:00am
Kot Addu Power Company Limited
Mutual Funds

Kot Addu Power Company Limited

Kot Addu Power Company Limited (PSX: KAPCO) is the country's largest independent power producer, and a significant contributor to the national exchequer. The IPP is involved in the ownership, operation and maintenance of a 1,600 MW nameplate capacity gas,
Published 25 Jan, 2018 12:00am
Pakistani businesses deserve better deals from Chinese: PBC
Cotton

Pakistani businesses deserve better deals from Chinese: PBC

The Pakistan Business Council (PBC) has identified 25 products that could help fetch an additional $3.3 billion in exports, and asks the government to strike an FTA deal with China only with a zero-rated facility on its markets for textile items.
Published 25 Jan, 2018 12:00am
Gwadar Expo 2018: PIA to operate extra flight from Karachi to Gwadar

Gwadar Expo 2018: PIA to operate extra flight from Karachi to Gwadar

Pakistan International Airlines (PIA) on Wednesday announced to commence special extra daily flight from Karachi to Gwadar. According to details, the national flag carrier would operate extra flight from Karachi to Gwadar during a week starting from Janua
Published 25 Jan, 2018 12:00am
12 routes of PIA suspended since 2013, NA told

12 routes of PIA suspended since 2013, NA told

Pakistan International Airlines (PIA) has suspended 12 of its routes, including eight international and four domestic routes, since 2013 due to economic non-viability of its fleet. Parliamentary Secretary for Cabinet Secretariat, Javed Ikhlas informed thi
Published 25 Jan, 2018 12:00am
LCCI trade team to visit US in March

LCCI trade team to visit US in March

A trade delegation of the Lahore Chamber of Commerce and Industry will visit the USA at the end of March to explore new trade and investment avenues. LCCI President Malik Tahir Javed revealed this while talking the US delegation from multiple business sec
Published 25 Jan, 2018 12:00am
US MIDDAY: gold hits 1-1/2 year peak
Exchange

US MIDDAY: gold hits 1-1/2 year peak

Gold prices rose on Wednesday, hitting their highest since August, 2016, as investors sought insurance against possible inflation after US Treasury Secretary Steven Mnucchin welcomed a weaker dollar Spot silver prices hit a four-month high, following the
Published 25 Jan, 2018 12:00am
US MIDDAY: corn rises

US MIDDAY: corn rises

US grain and soyabean futures rose on Wednesday as a slide in the dollar lifted commodity markets, pushing corn to its highest price in seven weeks. The dollar's decline to a three-year low prompted corn and wheat traders to buy back previously sold posit
Published 25 Jan, 2018 12:00am
Gold climbs in Europe
Exchange

Gold climbs in Europe

Gold prices hit their highest level in more than four months on Wednesday after a US official welcomed a weaker dollar and investors sought insurance against uncertainty. The dollar index touched three-year lows after US Treasury Secretary Steven Mnuchin
Published 25 Jan, 2018 12:00am
Gold inches up in Asia
Exchange

Gold inches up in Asia

Gold prices edged up on Wednesday, drifting near a four-month high hit last week, as the US dollar sank to a fresh three-year low, while worries about potential trade wars led to some risk-aversion trade as well. Spot gold was up 0.1 percent at $1,342.30
Published 25 Jan, 2018 12:00am
Gold rises in New York

Gold rises in New York

Gold prices rose on Tuesday as the US dollar fell to fresh three-year lows, but an end to uncertainty created by a three-day US government shutdown capped gains. Spot gold was up 0.3 percent at $1,337.36 an ounce at 1:38 pm EST (1838 GMT) after touching a
Published 25 Jan, 2018 12:00am
London cocoa slips, white sugar at 2015 low

London cocoa slips, white sugar at 2015 low

London cocoa futures on ICE fell on Wednesday to a three-week low as a rallying sterling offset signs of recovering chocolate demand, while white sugar slipped to its lowest in more than two years amid expectations for a global supply glut. March London c
Published 25 Jan, 2018 12:00am
Palm oil rises
Vegetable Oil

Palm oil rises

Malaysian palm oil futures rose over 1 percent in their second half of trading on Wednesday, charting a third consecutive session of gains, as bullish sentiment on declining production lifted the market. The benchmark palm oil contract for April delivery
Published 25 Jan, 2018 12:00am
Tokyo rubber extends declines
Exchange

Tokyo rubber extends declines

Benchmark Tokyo rubber futures extended declines on Wednesday to hit a one-month low, weighed down by sluggish Shanghai futures and the yen's advance to its highest in four months, brokers said. Against the yen, the dollar fell below the 110 threshold for
Published 25 Jan, 2018 12:00am
Oil rallies after record 10th straight fall in US inventories
Currency

Oil rallies after record 10th straight fall in US inventories

Oil prices rallied on heavy volume on Wednesday, boosted by a record 10th straight weekly decline in US crude inventories, though reduced refining activity and rising production signalled US stocks could rise in coming weeks. US crude inventories fell by
Published 25 Jan, 2018 12:00am
Weaker dollar drives copper higher
Exchange

Weaker dollar drives copper higher

A sharply weaker dollar helped copper to rebound on Wednesday from a one-month low despite a second day of rapidly rising inventories that suggested there is plentiful supply of the metal used in power and construction. Nickel, meanwhile, pushed through a
Published 25 Jan, 2018 12:00am
Shanghai copper sinks
Exchange

Shanghai copper sinks

Shanghai copper prices fell on Wednesday, tracking a sharp decline in London on Tuesday after London Metal Exchange (LME) refined copper inventories surged and concerns grew over the strength of import demand in top copper consumer China. The most-traded
Published 25 Jan, 2018 12:00am
Syrian rockets kill two in Turkey as Ankara fights Kurd militia

Syrian rockets kill two in Turkey as Ankara fights Kurd militia

Rockets fired from Syria killed two people and wounded 11 others on Wednesday in southern Turkey on the fifth day of Ankara's offensive against a Syrian Kurdish militia which President Recep Tayyip Erdogan vowed to eliminate. The rockets, one of which hit
Published 25 Jan, 2018 12:00am
Thousands more flee erupting Philippine volcano

Thousands more flee erupting Philippine volcano

Tens of thousands more people have fled an erupting volcano in the Philippines, relief workers said Wednesday, as foreign tourists arrived to watch the flaming lava and giant clouds spurting from its crater. More than 70,000 residents are now crammed in s
Published 25 Jan, 2018 12:00am
More than 30 dead in car bombings at Benghazi mosque

More than 30 dead in car bombings at Benghazi mosque

More than 30 people were dead and dozens wounded after two car bombings outside a mosque frequented by jihadist opponents in Libya's second city Benghazi, medical officials said Wednesday. The attack after evening prayers on Tuesday underlined the continu
Published 25 Jan, 2018 12:00am
Blow to Lula as court leans towards upholding conviction
Exchange

Blow to Lula as court leans towards upholding conviction

One of three judges at a Brazilian appeal court judge voted to uphold Luiz Inacio Lula da Silva's corruption conviction Wednesday, dealing a severe blow to the ex-president's comback hopes. Judge Joao Gebran Neto said in a three-hour judgement that Lula w
Published 25 Jan, 2018 12:00am
Popular Ugandan tabloid back in print

Popular Ugandan tabloid back in print

Uganda's most popular tabloid paper will soon be back on newsstands after senior management promised to be more "professional" and were given a presidential pardon late Tuesday. Eight editors and directors of the Red Pepper were originally charged with tr
Published 25 Jan, 2018 12:00am
Save the Children suspends operations in Afghanistan

Save the Children suspends operations in Afghanistan

Save the Children suspended operations across Afghanistan on Wednesday as Islamic State militants terrorised staff trapped inside one of its offices in a deadly hours-long attack, the latest assault on a foreign charity. Gunmen blasted their way into the
Published 25 Jan, 2018 12:00am
US diplomat resigns from Suu Kyi panel on Rakhine crisis

US diplomat resigns from Suu Kyi panel on Rakhine crisis

US diplomat Bill Richardson resigned early Thursday from an Aung San Suu Kyi-appointed panel set up to ease communal tensions in Myanmar's Rakhine State and hit out at the Nobel Laureate for an "absence of moral leadership" over the crisis. In a statement
Published 25 Jan, 2018 12:00am
UK businessman fired from government board over sleaze dinner

UK businessman fired from government board over sleaze dinner

A British businessman was fired from a government board on Wednesday after attending a male-only charity dinner where the hostesses were reportedly sexually harassed, while a minister was forced to defend his presence. David Meller was asked to step down
Published 25 Jan, 2018 12:00am
UN taps British mediator as new Yemen envoy

UN taps British mediator as new Yemen envoy

UN Secretary-General Antonio Guterres has tapped mediator and former aid official Martin Griffiths of Britain to be the next peace negotiator for Yemen, taking up a mission that two UN envoys have quit in frustration, diplomats said Wednesday. Griffiths w
Published 25 Jan, 2018 12:00am
Sisi registers candidacy for presidential poll

Sisi registers candidacy for presidential poll

Egyptian leader Abdel Fattah al-Sisi on Wednesday formally submitted his candidacy for presidential elections in March that he looks certain to dominate as a string of potential challengers have dropped out. Sisi, who was elected president in 2014 a year
Published 25 Jan, 2018 12:00am
Melinda Gates backs startup fund run by women

Melinda Gates backs startup fund run by women

Aspect Ventures, a venture capital fund set up by women, said it has won the backing of Melinda Gates, the wife of Microsoft founder and billionaire philanthropist, Bill Gates. Aspect Ventures - set up in 2014 by venture capitalists Theresia Gouw and Jenn
Published 25 Jan, 2018 12:00am
History-making Chung into Slam semi

History-making Chung into Slam semi

History-making Chung Hyeon became the first South Korean to reach a Grand Slam semi-final and the lowest-ranked player in 14 years to get to the last four at the Australian Open on Wednesday. Ranked 58, he needed six match points before completing a clear
Published 25 Jan, 2018 12:00am
Descon team in Premier Super League final

Descon team in Premier Super League final

Descon cricket team has qualified for the final of Premier Super League (PSL) by defeating Fatima Group Cricket team in the semi final played in Lahore. Batting first, Descon set a target of 173 at the loss of 9 wickets. In reply, Fatima Group could score
Published 25 Jan, 2018 12:00am
Post Graduate Department win Inter-College Girls Cricket final

Post Graduate Department win Inter-College Girls Cricket final

Post Graduate Department clinched the trophy after defeating Jinnah College for Women in the final of the Inter-College Girls Cricket Championship played here at Jinnah College for Women ground under the aegis of Directorate of Sports University of Peshaw
Published 25 Jan, 2018 12:00am
Federer, Kerber and Halep shine
Kerb

Federer, Kerber and Halep shine

Roger Federer zeroed in on a 20th Grand Slam title Wednesday with Chung Hyeon next in his Australian Open firing line as dominant Angelique Kerber and Simona Halep raced into a semi-final showdown. The clinical Swiss ace strode into the last four at Melbo
Published 25 Jan, 2018 12:00am
Becker 'lost' five of six Grand Slam trophies

Becker 'lost' five of six Grand Slam trophies

Boris Becker does not know the whereabouts of five of the six Grand Slam trophies he won during his career, according to a report. German daily Bild says Becker, 50, has no idea where the trophies he won for his three Wimbledon or two Australian Open titl
Published 25 Jan, 2018 12:00am
England women's boss Neville under fire

England women's boss Neville under fire

Phil Neville's coaching credentials as well as some apparently sexist tweets saw him facing increasing criticism on Wednesday following his appointment as the new coach of the England women's football team. No sooner had Neville been named to his new post
Published 25 Jan, 2018 12:00am
Mascherano latest star to make China move

Mascherano latest star to make China move

Argentine international defender Javier Mascherano was unveiled as the Chinese Super League's most high-profile signing in a year on Wednesday as he joined Hebei China Fortune from Barcelona. The highly decorated 33-year-old is the biggest name to head to
Published 25 Jan, 2018 12:00am
South Africa fast bowlers dominate first day

South Africa fast bowlers dominate first day

Virat Kohli and Cheteshwar Pujara hit half-centuries for India but South Africa's fast bowlers dominated the first day of the third and final Test at the Wanderers Stadium on Wednesday. India were bowled out for 187 despite contrasting innings of 54 by Ko
Published 25 Jan, 2018 12:00am
England's Shrubsole first woman to appear on Wisden cover

England's Shrubsole first woman to appear on Wisden cover

England's Anya Shrubsole will be the first woman to appear on the front cover of the fabled Wisden Cricketers' Almanack after her heroics at last year's World Cup. Shrubsole hit the winning runs in a tense semi-final victory over South Africa before her s
Published 25 Jan, 2018 12:00am
Noor, Humam take flying start in FATA National Junior Squash

Noor, Humam take flying start in FATA National Junior Squash

Noor Zaman and Humam Ahmad of PAF in Under-15 and Under-13 categories off to a flying start in the ongoing FATA National Junior Squash Championship being played here at PAF Hashim Khan Squash Complex on Wednesday. Noor Zaman defeated Fawad Hussain of KP i
Published 25 Jan, 2018 12:00am
US home sales fall as record-low inventory boosts prices

US home sales fall as record-low inventory boosts prices

US home sales fell more than expected in December as the supply of houses on the market dropped to a record low, pushing up prices and sidelining some potential first-time buyers. The decline in home sales reported by the National Association of Realtors
Published 25 Jan, 2018 12:00am
IMF's Lagarde urges action to improve prospects for EU youth

IMF's Lagarde urges action to improve prospects for EU youth

Declining incomes for European youth since the global financial crisis are dimming their prospects, and IMF chief Christine Lagarde on Wednesday urged governments to take action to ensure they do not fall further behind. A new International Monetary Fund
Published 25 Jan, 2018 12:00am
SEC investigating GE charge; company posts $10 billion loss
Exchange

SEC investigating GE charge; company posts $10 billion loss

US securities regulators are probing a massive insurance charge recently announced by General Electric Co, the latest blow to the nation's largest industrial conglomerate as it struggles to reverse steep declines in some of its units and is looking to sel
Published 25 Jan, 2018 12:00am
Qatar economy weathers Saudi-led blockade

Qatar economy weathers Saudi-led blockade

Qatar's economy has weathered the impact of a months-long blockade by neighbouring countries, although its tourism and real estate sectors have taken a hit, an economic report said on Wednesday. The tiny Gulf state's economy has maintained positive growth
Published 25 Jan, 2018 12:00am
US warns Hong Kong on illicit North Korea trade

US warns Hong Kong on illicit North Korea trade

A senior United States official warned Hong Kong authorities Wednesday they must stop the city being used as a "safe harbour" for illicit trade with North Korea, in violation of United Nations sanctions. The warning came weeks after a Hong Kong-flagged sh
Published 25 Jan, 2018 12:00am
UK unemployment holds at lowest since 1975

UK unemployment holds at lowest since 1975

Britain's unemployment rate remains at the lowest level in more than 40 years, according to official data Wednesday that showed wages growth still lagging inflation. The jobless rate - or the proportion of the workforce that is unemployed - stood at 4.3 p
Published 25 Jan, 2018 12:00am
Eurozone businesses start 2018 on decade high as work floods in

Eurozone businesses start 2018 on decade high as work floods in

Eurozone businesses kicked off 2018 in much better shape than anyone polled by Reuters expected, ramping up activity at the fastest rate since the middle of 2006, a survey showed on Wednesday. The upturn was driven by a strong performance in the bloc's do
Published 25 Jan, 2018 12:00am
Think immigrants steal jobs? Think again: analysts

Think immigrants steal jobs? Think again: analysts

Contrary to fears that immigrants steal jobs and threaten security, a report released on Wednesday said newcomers boost developing economies and could be far more of an asset than a drain. "Most developing countries can benefit from immigrants," said the
Published 25 Jan, 2018 12:00am
FTSE slides as jobs data boosts sterling
Exchange

FTSE slides as jobs data boosts sterling

Britain's top share index fell on Wednesday as sterling was pushed to a post-Brexit-vote high by data showing that the number of people in work had surged unexpectedly. The FTSE 100 ended the session down 1.1 percent at a three-week low of 7,643.43 points
Published 25 Jan, 2018 12:00am
Southeast Asian stocks: Singapore hits highest close in 10 years
Exchange

Southeast Asian stocks: Singapore hits highest close in 10 years

Philippine stock market fell sharply on Wednesday from a record finish as shares slipped across the board, while Singapore climbed to its highest close in a decade. Philippine shares closed down 0.9 percent, after three straight sessions of gains that lif
Published 25 Jan, 2018 12:00am
Indian shares keep climbing

Indian shares keep climbing

Indian shares hit record closes on Wednesday as gains in banking and IT stocks offset losses in the energy and materials sectors. State-run lenders rose after a government spokesperson said on Twitter that India would soon unveil details of its bank recap
Published 25 Jan, 2018 12:00am
Dollar slump hits European shares
Exchange

Dollar slump hits European shares

A slump in the dollar hit European shares on Wednesday and dragged most of the continent's indexes into negative territory as Wall Street rose. A decline in utility stocks following a profit warning at France's Suez and tumbling tech stocks weighed, while
Published 25 Jan, 2018 12:00am
China stocks extend climb to two-year highs
Exchange

China stocks extend climb to two-year highs

China stocks extended their climb on Wednesday, with the main indexes reaching new two-year peaks and one for start-up firms having its best day in five months. At the close, the Shanghai Composite index was up 14.23 points or 0.4 percent at 3,560.73.
Published 25 Jan, 2018 12:00am
Hong Kong stocks rise for seven days

Hong Kong stocks rise for seven days

Hong Kong's benchmark Hang Seng Index rose for seven days in a row to end at a new high, as strength in energy shares offset weakness in IT and finance plays. At close of trade, the Hang Seng index was up 27.99 points or 0.08 percent at 32,958.69.
Published 25 Jan, 2018 12:00am
Treasury debt yields slide
Exchange

Treasury debt yields slide

US Treasury debt yields weakened on Tuesday in quiet trading, moving in tandem with Japanese government bond yields, after the Bank of Japan kept interest rate targets unchanged and its top official quashed speculation of a move away from an easy monetary
Published 25 Jan, 2018 12:00am
Treasury debt yields slide
Exchange

Treasury debt yields slide

US Treasury debt yields weakened on Tuesday in quiet trading, moving in tandem with Japanese government bond yields, after the Bank of Japan kept interest rate targets unchanged and its top official quashed speculation of a move away from an easy monetary
Published 25 Jan, 2018 12:00am
Netflix lifts S&P, Nasdaq; J&J, Procter hold Dow in check
Exchange

Netflix lifts S&P, Nasdaq; J&J, Procter hold Dow in check

US stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but the Dow Industrials were hemmed in by declines in Johnson & Johnson and Procter & Gamble. Netflix touched a record high of $257.71 and was last up
Published 25 Jan, 2018 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks closed lower on Wednesday as Japanese exporters were weighed by a stronger yen, a day after the key index closed at a 26-year high. The Nikkei 225 index lost 0.76 percent, or 183.37 points, to end at 23,940.78 while the broader Topix index wa
Published 25 Jan, 2018 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares closed higher on Wednesday, boosted by financial and healthcare stocks, with QBE Insurance topping the charts with a 5.4 percent jump. The S&P/ASX 200 index rose 0.3 percent or 17.7 points to 6,054.7, its best close in over a week. The b
Published 25 Jan, 2018 12:00am
Earnings boost Qatar in sluggish Gulf markets
Exchange

Earnings boost Qatar in sluggish Gulf markets

Corporate earnings and dividend news boosted Qatar's stock market on Wednesday by suggesting the economy is coping with the impact of an embargo imposed by other Arab states. Other Gulf markets were sluggish. Qatar's stock index rose 1.1 percent in heavy
Published 25 Jan, 2018 12:00am
Kiwi breaks to four-month peak

Kiwi breaks to four-month peak

The New Zealand dollar celebrated a fresh four-month peak on Wednesday aided by heightened risk appetite globally, while its Australian counterpart was still wrestling with stifff resistance atop 80 US cents The kiwi was taking in the view at $0.7362, hav
Published 25 Jan, 2018 12:00am
Sterling posts biggest daily rise in nine months
Currency

Sterling posts biggest daily rise in nine months

Sterling jumped above the $1.42 line on Wednesday and is set for its biggest daily rise in more than nine months as strong British employment data and broad-based dollar weakness prompted investors to ramp up long positions in the currency. In recent days
Published 25 Jan, 2018 12:00am
Most currencies climb
Currency

Most currencies climb

Most emerging Asian currencies climbed on Wednesday, with the yuan touching a more than two-year high, as the dollar extended its weak run against a basket of major currencies to a fresh three-year low. The dollar index, which measures the greenback again
Published 25 Jan, 2018 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Wednesday, recovering from a record low hit in the previous session, as banks and exporters sold dollars, dealers said. The spot rupee ended at 153.75/85 per dollar, compared with Tuesday's close of 154.05/15.
Published 25 Jan, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 82.90-82.90 (Previous 82.90-82.90).
Published 25 Jan, 2018 12:00am
Dollar index slips to three-year low in New York

Dollar index slips to three-year low in New York

The dollar extended recent weakness against a basket of major currencies to hit a fresh three-year low on Tuesday, after the euro surged on consumer confidence data indicating strong momentum in the region's economy. The dollar index, which measures the g
Published 25 Jan, 2018 12:00am
Early trade in New York: dollar falls to fresh three-year low
Currency

Early trade in New York: dollar falls to fresh three-year low

The dollar fell to a fresh three-year low against a basket of major currencies on Wednesday after the US Treasury secretary said he welcomed weakness in the currency, and as investors worried about US President Donald Trump's protectionist agenda. Speakin
Published 25 Jan, 2018 12:00am
Dollar skids to three-year low in Europe
Currency

Dollar skids to three-year low in Europe

The dollar slid to a three-year low against a basket of major peers on Wednesday after the US Treasury secretary said he welcomed weakness in the currency, as investors worried about President Donald Trump's protectionist agenda. In a break with the tradi
Published 25 Jan, 2018 12:00am
Dollar index slides to three-year lows in Asia
Currency

Dollar index slides to three-year lows in Asia

The dollar slid to three-year lows against a basket of major peers on Wednesday, pressured by simmering concerns that the US currency's yield advantage will start to erode as major central banks head toward unwinding their massive stimulus. The dollar ind
Published 25 Jan, 2018 12:00am
France's Carrefour revamps operations with job cuts, China deal

France's Carrefour revamps operations with job cuts, China deal

France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world's second-biggest retailer at the start of the cen
Published 25 Jan, 2018 12:00am
Regulator says ready to block UK changes to cashpoint fees

Regulator says ready to block UK changes to cashpoint fees

Regulators should block reductions in fees by Britain's LINK cash machines network if they threatened access to free-to-use ATMs across the country, a senior lawmaker said on Tuesday. LINK, used by high street banks like HSBC, Barclays, Lloyds and RBS, is
Published 25 Jan, 2018 12:00am
Upbeat German investors shrug off political uncertainty

Upbeat German investors shrug off political uncertainty

The mood among German investors surged in January, buoyed by robust demand at home and abroad that brightened the outlook for Europe's largest economy and more than offset political uncertainty in Berlin. The Mannheim-based ZEW research institute said on
Published 25 Jan, 2018 12:00am
Japan's record exports, manufacturing, point to powerhouse economy

Japan's record exports, manufacturing, point to powerhouse economy

Japan's exports to China and Asia hit record levels as shipments rose for a 13th straight month in December and manufacturing growth hit a four-year high in January, pointing to an economy that powered through the fourth quarter and into 2018. The Ministr
Published 25 Jan, 2018 12:00am
IMF says Egypt economic outlook 'favourable'
Currency

IMF says Egypt economic outlook 'favourable'

The International Monetary Fund declared Egypt's economic outlook "favourable" on Tuesday after completing its second review of the country's reform programme. The IMF had approved in November 2016 a $12-billion loan to Egypt, which has been shaken by pol
Published 25 Jan, 2018 12:00am
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