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Archive - 2018-02-16
US Senate rejects Trump immigration plan
Front Top News

US Senate rejects Trump immigration plan

WASHINGTON: The US Senate on Thursday soundly voted down President Donald Trump's immigration proposal, leaving Cong
Published 16 Feb, 2018 11:05pm
Stocks march on recovery path
Financial

Stocks march on recovery path

PARIS: Stocks in Asia and Europe pushed higher on Friday, extending a recovery from a panic attack over the prospect of
Published 16 Feb, 2018 11:04am
Goodbye used cars? — II
Automobile

Goodbye used cars? — II

In a move that should surprise no one, and one that we mentioned would happen in our last story on the subject (“ Goodby
Published 16 Feb, 2018 06:35am
Trade policy and beyond
Miscellaneous

Trade policy and beyond

The Strategic Trade Policy Framework (STPF) 2015-2018 has successfully achieved failure (to meet $35 billion exports by
Published 16 Feb, 2018 06:33am
PTCL in CY17
Telecommunication

PTCL in CY17

The telecom giant’s quest towards stabilizing the top line decline continues. Latest financials, reported on February 14
Published 16 Feb, 2018 06:27am
FIA arrests former ETPB chief on CJP's order
Exchange

FIA arrests former ETPB chief on CJP's order

The Federal Investigation Agency arrested Thursday former chairperson of Evacuee Trust Property Board, Asif Hashmi, on the directives of Chief Justice of Pakistan Mian Saqib Nisar over embezzlement charges. Hashmi was arrested from the courtroom at Suprem
Published 16 Feb, 2018 12:00am
SECP holds seminar on company registration
Exchange

SECP holds seminar on company registration

In order taking forward its campaign of corporatisation, the Securities and Exchange Commission of Pakistan (SECP), organized an awareness seminar on 'formation of companies under the Companies Act, 2017' on Thursday. It was held in collaboration with the
Published 16 Feb, 2018 12:00am
Bilawal set to reach out to general public

Bilawal set to reach out to general public

Bilawal Bhutto will reach out to the general public in Punjab under the election campaign of Pakistan People's Party, said party sources. They said programme has been finalized to take Bilawal Bhutto to district level in the province to win people's trust
Published 16 Feb, 2018 12:00am
Pakistan desirous of promoting trade ties with Canada: minister
Exchange

Pakistan desirous of promoting trade ties with Canada: minister

Commerce Minister Pervaiz Malik met with Ontario's Minister for International Trade, Michael Chan and discussed trade relations between Pakistan and Ontario province. The minister briefed the Minister of International Trade on the economic progress that P
Published 16 Feb, 2018 12:00am
Shahbaz extends felicitations on new Chinese year

Shahbaz extends felicitations on new Chinese year

Punjab Chief Minister Shahbaz Sharif has congratulated Chinese President Xi Jinping, Prime Minister Li Keqiang and the Chinese people over the commencement of new Chinese year. He also extended felicitations to Chinese Ambassador Yao Jing, Chinese enginee
Published 16 Feb, 2018 12:00am
PFC to take part in ' Commonwealth Business Forum 2018'

PFC to take part in ' Commonwealth Business Forum 2018'

Pakistani furniture producers under the banner of the Pakistan Furniture Council (PFC) will participate in 'Commonwealth Business Forum 2018' being organized by Commonwealth Enterprises and Investment Council (CWEIC) from April 16 to 18. PFC Chief Mian Ka
Published 16 Feb, 2018 12:00am
PSQCA takes notice of unregistered honey sale

PSQCA takes notice of unregistered honey sale

Pakistan Standards & Quality Control Authority (PSQCA) has issued notices to the local unregistered local honey brands at Honey Market situated at Chamkani on main G T Road. In one of such notices issued to Bajaur Honey, the PSQCA has stated the product i
Published 16 Feb, 2018 12:00am
Money laundering case: FIA summons Farooq, Rauf others

Money laundering case: FIA summons Farooq, Rauf others

Federal Investigation Agency (FIA) summoned 10 members of the parliament belonging to Muttahida Quami Movement-Pakistan (MQM-P) including Farooq Sattar and Rauf Siddiqui in a money laundering case against MQM founder. According to details, FIA issued summ
Published 16 Feb, 2018 12:00am
BMP underscores need for removal of obstacles to Pak-US trade

BMP underscores need for removal of obstacles to Pak-US trade

Businessmen Panel (BMP) secretary general (Federal) Ahmad Jawad has said that United States should renew GSP status on a favourable note for Pakistan. He said Pakistan is currently ranked 57th goods trading partner of United States with bilateral trade wo
Published 16 Feb, 2018 12:00am
Sharjeel, 11 others indicted in corruption case

Sharjeel, 11 others indicted in corruption case

An accountability court in Karachi on Thursday indicted Sharjeel Memon and 11 others in a corruption case pertaining to the award of advertisements at 'exorbitant rates' through the abuse of power. The hearing was held in a closed courtroom, where no medi
Published 16 Feb, 2018 12:00am
Jul-December bedwear export touches $1.124 billion mark

Jul-December bedwear export touches $1.124 billion mark

The country's bedwear export touched $1.124 billion mark in July-December 2017, higher by 6.22 percent, official figures say. Increase in bed-wear export now stands at $65.787 million in July-December 2017 from $1.058 million in July-December 2016, Pakist
Published 16 Feb, 2018 12:00am
Monthly statements: KTBA urges FBR to extend January deadline

Monthly statements: KTBA urges FBR to extend January deadline

Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to extend the date for e-filing the monthly statements under section 165 for January 2018 till February 26, 2018. In a letter sent to the chairman FBR, the KTBA stated tha
Published 16 Feb, 2018 12:00am
PTCL partners with Microsoft for CSP & SPLA

PTCL partners with Microsoft for CSP & SPLA

Pakistan Telecommunications Company Limited (PTCL) achieved another milestone in enhancing its Cloud Services portfolio by signing partnership with Microsoft for Cloud Solution Provider (CSP) and Service Provider Licensing Agreement (SPLA).
Published 16 Feb, 2018 12:00am
Karachiites badly affected by CNG closure

Karachiites badly affected by CNG closure

Abrupt closure of compressed natural gas (CNG) stations on Thursday by Sui Southern Gas Company (SSGC) created lot of problems for commuters as public transporters withdrew busses and mini buses, largely and declined to use expensive diesel fuel to operat
Published 16 Feb, 2018 12:00am
EMI Pakistan all set to release KAYA's new album Raanva

EMI Pakistan all set to release KAYA's new album Raanva

EMI Pakistan is all set to release the band KAYA's new album "Raanva" on 14th February. The band features musicians Emad Rahman, Russell Owen D'souza and Afsheen Hayat. The band has a unique sound, which is a blend of spiritual, rock, pop, ethnic and worl
Published 16 Feb, 2018 12:00am
'Eighteen' all set to mark its presence in Lahore

'Eighteen' all set to mark its presence in Lahore

Following a rousing reception from buyers and investors in Islamabad and Karachi, Eighteen showcased its US$ 2 billion project at Expo Centre Lahore. A joint venture of Egypt-based Ora Developers, Saif Group and Kohistan Builders (KBD) in Pakistan, Eighte
Published 16 Feb, 2018 12:00am
OGDCL launches free eye camps

OGDCL launches free eye camps

Oil and Gas Development Company Limited (OGDCL) free eye camps were formally launched at THQ (Tehsil Headquarter) Hospital Fateh Jang. Zahid Mir MD/CEO OGDCL was the chief guest of the ceremony, says a press release issued here on Thursday.
Published 16 Feb, 2018 12:00am
Six-day health camp set up

Six-day health camp set up

The Lahore Administration will set up a six-day health camp from February 19 to 24, said Deputy Commissioner Lahore Sameer Ahmed Syed. The Administration will set up 14 health camps in the district of which three will be established in THQ hospitals, seve
Published 16 Feb, 2018 12:00am
Private sector, media urged to reinforce Sindh business reforms

Private sector, media urged to reinforce Sindh business reforms

In collaboration with World Bank, Sindh Board of Investment (SBI) organized "Sindh Doing Business Reforms Exhibition," here on Thursday. Concerned departments showcased the ground-breaking reforms that have been introduced under the Doing Business Reforms
Published 16 Feb, 2018 12:00am
Dairy farmers stage protest

Dairy farmers stage protest

Dairy farmers on Thursday staged protest demonstration for an increase in the commodity price here in Bhens Colony area of the metropolis. Bringing a number of cows and buffalos the milk sellers and Cattle Farmers Association's members blocked National Hi
Published 16 Feb, 2018 12:00am
Spring tree plantation campaign held at SU's Thatta campus

Spring tree plantation campaign held at SU's Thatta campus

An event of spring tree plantation campaign was held at University of Sindh Campus Thatta in collaboration with Sindh Forest Department Government of Sindh. Focal person, SU Thatta campus Professor Dr Sarfaraz Hussain Solangi inaugurated the spring planta
Published 16 Feb, 2018 12:00am
Shahbaz making false allegations against Zardari: Basra

Shahbaz making false allegations against Zardari: Basra

The Pakistan People's Party (PPP) has reacted strongly to the criticism of Chief Minister Punjab Shahbaz Sharif against PPP Co-Chairman Asif Zardari. South Punjab Secretary General Shaukat Basra said that Shahbaz was making false allegations against Asif
Published 16 Feb, 2018 12:00am
Exemption from appearance: Sharif family's pleas rejected

Exemption from appearance: Sharif family's pleas rejected

An Accountability Court hearing three corruption references against Sharif family Thursday rejected the pleas of Nawaz Sharif, Maryam Nawaz and Captain Muhammad Safdar (retd), seeking a two-week exemption from making personal appearance before the court.
Published 16 Feb, 2018 12:00am
No polio case reported this year so far: NA informed

No polio case reported this year so far: NA informed

Number of polio cases in the country has steadily declined from 306 in 2014 to eight in 2017 while no polio case has been reported this year so far. Parliamentary Secretary for National Health Services, Farhana Qamar informed this to the National Assembly
Published 16 Feb, 2018 12:00am
Meezan Bank announces good results for Year 2017
Exchange

Meezan Bank announces good results for Year 2017

The Board of Directors of Meezan Bank Limited in its meeting, held in Karachi on Wednesday approved the audited unconsolidated and consolidated financial statements for the year ended on December 31, 2017. The meeting was presided over by Riyadh S A A Edr
Published 16 Feb, 2018 12:00am
Meezan Bank announces good results for Year 2017
Exchange

Meezan Bank announces good results for Year 2017

The Board of Directors of Meezan Bank Limited in its meeting, held in Karachi on Wednesday approved the audited unconsolidated and consolidated financial statements for the year ended on December 31, 2017. The meeting was presided over by Riyadh S A A Edr
Published 16 Feb, 2018 12:00am
Haroon makes reasonable pitch to lure Turkish investors

Haroon makes reasonable pitch to lure Turkish investors

Special Assistant to Prime Minister on Revenue/Federal Minister Haroon Akhtar Khan Thursday said the government is aiming for a 6 percent GDP growth this year on the basis of strong economic indicators. "Our economy has done very well and we are aiming fo
Published 16 Feb, 2018 12:00am
KP government to foil horse-trading moves: Khattak

KP government to foil horse-trading moves: Khattak

Chief Minister Khyber Pakthunkhwa, Pervez Khattak said here Thursday that KP Government will foil all attempts of horse trading in Senate election. Talking to media after addressing 'KP Impact Challenge' function here at a local hotel, the CM said like th
Published 16 Feb, 2018 12:00am
Fake social media accounts: ISPR hands over list to FIA

Fake social media accounts: ISPR hands over list to FIA

Director General Inter-Services Public Relations (ISPR), Major General Asif Ghafoor, Thursday reportedly forwarded a list of over 250 social media accounts using the names of Pakistan's armed forces to Federal Investigation Agency (FIA) for a crackdown ag
Published 16 Feb, 2018 12:00am
Plan to construct playground on livestock office rejected

Plan to construct playground on livestock office rejected

Anjuman-e-Kashtkaran has rejected the provincial government decision of constructing playground on the 22 kanal land of livestock office and announced it will move the Peshawar High Court in this regard.
Published 16 Feb, 2018 12:00am
Economic corridor: NRA of China prepares report on KCR and ML-1 projects

Economic corridor: NRA of China prepares report on KCR and ML-1 projects

National Railway Administration (NRA) of China has prepared a report on integration, implementation and realignment of Karachi Circular Railway (KCR) and Main Line (ML-1) projects under the China-Pakistan Economic Corridor (CPEC) and submitted it to the M
Published 16 Feb, 2018 12:00am
CPP issues show-cause notices to Diamond Paints, dealers

CPP issues show-cause notices to Diamond Paints, dealers

The Competition Commission of Pakistan (CCP) has issued show cause notices to Diamond Paints Industries (Pvt.) Ltd. and its dealers for entering a cartel agreement in violation of Section 4 of the Competition Act, 2010. The CCP took notice of the allegati
Published 16 Feb, 2018 12:00am
'No across the board withdrawals in National Savings Schemes'
Currency

'No across the board withdrawals in National Savings Schemes'

There have been news items and queries from the press on the slow growth rate in the National Savings investments during the first half of CFY 2017-18. National Savings found it appropriate to issue this press release to put things in perspective.
Published 16 Feb, 2018 12:00am
Shahbaz slams shooting at Florida school

Shahbaz slams shooting at Florida school

Punjab Chief Minister Muhammad Shhbaz Sharif has strongly condemned the horrific incident of shooting in a school of Florida State in the USA. Expressing deep sense of sorrow and grief over the deaths of children and other people, he extended sympathies t
Published 16 Feb, 2018 12:00am
STPF targets: PBC sends recommendations to Ministry of Commerce
Cotton

STPF targets: PBC sends recommendations to Ministry of Commerce

Pakistan Business Council (PBC) has put forward a set of recommendations to the Ministry of Commerce to achieve desirable targets under the Strategic Trade Policy Framework 2018-23. In a letter to Secretary Ministry of Commerce Mohammad Younus Dagha, the
Published 16 Feb, 2018 12:00am
Bahadurabad MQM-P faction accused of enjoying MQM-London's support

Bahadurabad MQM-P faction accused of enjoying MQM-London's support

Irum Azeem Farooque, a former leader of the Muttahida Qaumi Movement, on Thursday claimed that the party's London group has been supporting the Bahadurabad group, led by the party's coordination committee. She expressed these views while talking to report
Published 16 Feb, 2018 12:00am
US MIDDAY: gold rises
Currency

US MIDDAY: gold rises

Gold was on track for its fourth straight session of gains on Thursday as the US dollar slid to its lowest in two weeks on concerns about the impact of high U.S debt levels and tax cuts. Spot gold added 0.2 percent at $1,352.81 an ounce by 2:04 p.m. EST (
Published 16 Feb, 2018 12:00am
US MIDDAY: soyabean futures rally
Exchange

US MIDDAY: soyabean futures rally

US soyabean futures rose on Thursday to their highest level since July 25 as an ongoing drought in key exporter Argentina underpinned prices. Soyameal futures, which hit a 19-month high, were headed higher for the eight straight sessions as fears have mou
Published 16 Feb, 2018 12:00am
Gold rises in Europe
Currency

Gold rises in Europe

Gold was on track for its fourth straight session of gains on Thursday as the dollar skidded to its lowest in two weeks on concerns about the impact of high levels of U.S debt and tax cuts. Spot gold added 0.2 percent to $1,353.40 an ounce by 1423 GMT aft
Published 16 Feb, 2018 12:00am
Gold inches up in Asia

Gold inches up in Asia

Gold prices edged up on Thursday as the dollar weakened and investors banked on the bullion as a hedge against inflation after data showed a rise in US consumer prices. Spot gold was up 0.3 percent at $1,354.34 an ounce as of 0745 GMT and headed for a fou
Published 16 Feb, 2018 12:00am
Gold climbs in New York

Gold climbs in New York

Gold prices climbed nearly 2 percent on Wednesday, rebounding from early losses that followed stronger-than-expected US inflation data, as the dollar surrendered gains and equities swung higher. The dollar initially rose after the US Labour Department rep
Published 16 Feb, 2018 12:00am
New York cocoa jumps on dollar, speculative buying
Currency

New York cocoa jumps on dollar, speculative buying

New York cocoa futures rose on Thursday to a fresh 2-1/2 month high as a softer dollar and chart-inspired speculative buying lent support, while spot raw sugar also climbed as funds rolled forward their positions. May New York cocoa was up $33, or 1.6 per
Published 16 Feb, 2018 12:00am
Palm oil edges up
Vegetable Oil

Palm oil edges up

Malaysian palm oil futures edged up slightly around noon on Thursday, snapping two sessions of declines, tracking overnight gains in US soyaoil on the Chicago Board of Trade (CBOT). A strong ringgit was however seen limiting the gains, said a trader. The
Published 16 Feb, 2018 12:00am
Rubber bounces back
Exchange

Rubber bounces back

Benchmark Tokyo rubber futures rose on Thursday, bouncing back from near 8-month lows hit the previous session, on the back of higher oil and metals prices, but trades were thin as China began a week-long Lunar New Year holiday. The Tokyo Commodity Exchan
Published 16 Feb, 2018 12:00am
Brent pares losses, US crude rises on weak dollar

Brent pares losses, US crude rises on weak dollar

Oil prices were mixed on Thursday with Brent paring losses and US crude turning positive as a weak dollar and Saudi Arabia's comments that Opec and other producers were committed to their pact on cutting supplies outweighed record US production and rising
Published 16 Feb, 2018 12:00am
Opec targets longer non-member alliance deal in 2018: UAE

Opec targets longer non-member alliance deal in 2018: UAE

Oil cartel Opec aims to agree on a longer-term partnership with non-member producers by the end of the year, United Arab Emirates Energy Minister Suhail al-Mazrouei told local media Thursday. Mazrouei, who currently holds the rotating Opec presidency on b
Published 16 Feb, 2018 12:00am
Venezuela's president says oil output up 250,000 bpd at start of year

Venezuela's president says oil output up 250,000 bpd at start of year

Venezuela's president, Nicolas Maduro, said on Thursday the country's oil output was up 250,000 barrels per day at the beginning of 2018. The socialist leader, who is up for re-election in April, also said that a process of bond renegotiation and restruct
Published 16 Feb, 2018 12:00am
Copper rises as zinc, nickel scale multi-year peaks
Exchange

Copper rises as zinc, nickel scale multi-year peaks

Copper rose on Thursday as the dollar fell and concerns over inflation prompted a move into hard assets, sparking an early rally across base metals that also saw zinc hit its highest in more than a decade and nickel a near three-year peak. Copper is on tr
Published 16 Feb, 2018 12:00am
EU presidency urges Britain to ditch Brexit

EU presidency urges Britain to ditch Brexit

Bulgaria, which holds the presidency of the EU, on Thursday warned of poor progress in Brexit talks and told Britain it was still not too late to abandon its plan to quit the bloc. Boyko Borisov, the Bulgarian prime minister, said he had so far seen nothi
Published 16 Feb, 2018 12:00am
EU calls for renewed Syria peace efforts

EU calls for renewed Syria peace efforts

EU foreign ministers voiced concern at developments in Syria on Thursday, calling for a renewal of UN-led efforts to end the conflict. The European Union will host a conference on the future of Syria in Brussels next month aimed at mobilising humanitarian
Published 16 Feb, 2018 12:00am
EU split over Balkan enlargement

EU split over Balkan enlargement

Deep splits emerged in the EU Thursday over membership plans for Balkan states, with some countries warning Russia would take advantage unless the bloc sped up the accession process. Bulgarian Prime Minister Boyko Borisov warned it was now or never for ex
Published 16 Feb, 2018 12:00am
Tillerson meets Erdogan to ease Turkey tensions

Tillerson meets Erdogan to ease Turkey tensions

US Secretary of State Rex Tillerson on Thursday held talks with Turkish President Recep Tayyip Erdogan in Ankara, seeking to ease tensions between the NATO allies that reached new heights over Ankara's ongoing operation inside Syria. A prime task of Presi
Published 16 Feb, 2018 12:00am
Ethiopian PM resigns

Ethiopian PM resigns

Ethiopian Prime Minister Hailemariam Desalegn resigned Thursday after long-running political turmoil, an unprecedented move in the vast East African country. The decision by Hailemariam, in power since 2012, comes after months of escalating anti-governmen
Published 16 Feb, 2018 12:00am
Ramaphosa named new South Africa's president

Ramaphosa named new South Africa's president

Cyril Ramaphosa, a former anti-apartheid activist turned businessman, was named South Africa's president Thursday and immediately vowed to fight corruption, in a direct reference to accusations levelled against his predecessor Jacob Zuma. Tainted by scand
Published 16 Feb, 2018 12:00am
US says NATO closing gaps in alliance unity

US says NATO closing gaps in alliance unity

NATO has reached an understanding on defence ties with the EU while top allies Washington and Ankara are finding "common ground" in a row over Syria, US defence secretary Jim Mattis said Thursday A new European Union defence pact and Turkey's offensive ag
Published 16 Feb, 2018 12:00am
Indian investigators raid billionaire jeweller's offices

Indian investigators raid billionaire jeweller's offices

Indian investigators on Thursday raided the premises of a billionaire jeweller accused of defrauding one of the country's biggest banks amid reports he and his family have left the country. Enforcement Directorate (ED) officers searched the Mumbai offices
Published 16 Feb, 2018 12:00am
UK blames Russian military for 'NotPetya' cyber-attack
Currency

UK blames Russian military for 'NotPetya' cyber-attack

Britain on Thursday accused the Russian military of being behind last year's "NotPetya" cyber-attack, which started in Ukraine and Russia before spreading globally, affecting thousands of computers. "The UK Government judges that the Russian Government, s
Published 16 Feb, 2018 12:00am
Facebook, Twitter not fully complying with consumer rules: EU

Facebook, Twitter not fully complying with consumer rules: EU

The European Commission said Thursday that US social media giants have made an effort to comply with EU consumer protection rules, but that Facebook and Twitter have not made all the required changes. "While Google's latest proposals appear to be in line
Published 16 Feb, 2018 12:00am
McDonald's plays 'hide the cheeseburger' in new Happy Meal health push

McDonald's plays 'hide the cheeseburger' in new Happy Meal health push

McDonald's Corp is removing cheeseburgers from US Happy Meal menus and shrinking the french fry serving in one "Mighty Meal" as part of a new global plan to cut calories and make its food for children more healthy. The changes announced Thursday come as t
Published 16 Feb, 2018 12:00am
Nestle opens door to L'Oreal sale as 2017 disappoints
Exchange

Nestle opens door to L'Oreal sale as 2017 disappoints

Swiss food giant Nestle on Thursday appeared to open the door to selling its stake in French cosmetics group L'Oreal after it said that its own business performance in 2017 fell short of expectations. Nestle, which has come under pressure from an activist
Published 16 Feb, 2018 12:00am
Nestle opens door to L'Oreal sale as 2017 disappoints
Exchange

Nestle opens door to L'Oreal sale as 2017 disappoints

Swiss food giant Nestle on Thursday appeared to open the door to selling its stake in French cosmetics group L'Oreal after it said that its own business performance in 2017 fell short of expectations. Nestle, which has come under pressure from an activist
Published 16 Feb, 2018 12:00am
Saudi Arabia's central bank signs blockchain deal with Ripple
Exchange

Saudi Arabia's central bank signs blockchain deal with Ripple

Saudi Arabia's central bank has signed a deal with US-based Ripple to help banks in the kingdom settle payments using blockchain software, as Gulf regulators begin to explore new forms of financial technology. The pilot programme is the first of its kind
Published 16 Feb, 2018 12:00am
Japan's crypto exchange Coincheck sued after massive heist
Exchange

Japan's crypto exchange Coincheck sued after massive heist

Cryptocurrency traders filed a lawsuit Thursday against Japanese exchange firm Coincheck, seeking repayment after hackers raided hundreds of millions of dollars in digital assets. Seven plaintiffs - two companies and five individuals - took part in an ini
Published 16 Feb, 2018 12:00am
US producer prices rise; industrial output falls

US producer prices rise; industrial output falls

US producer prices accelerated in January, boosted by strong gains in the cost of gasoline and healthcare, offering more evidence that inflation pressures were building up. While other data on Thursday showed an increase in the number of Americans filing
Published 16 Feb, 2018 12:00am
Japan's machinery orders fall at fastest in three years

Japan's machinery orders fall at fastest in three years

Japan's core machinery orders tumbled in December at the fastest pace in more than three years and companies expect orders to rise only marginally in January-March, raising concerns that recent gains in capital expenditure will taper off. The 11.9 percent
Published 16 Feb, 2018 12:00am
Praise, positive data pile up for French economy

Praise, positive data pile up for French economy

The good news keeps coming for the French economy: data published Thursday showed unemployment at its lowest level since 2009 while the head of the IMF praised recent reforms by President Emmanuel Macron. After years of being considered the "sick man of E
Published 16 Feb, 2018 12:00am
Gaza's only power plant shut over fuel shortage

Gaza's only power plant shut over fuel shortage

The sole electricity plant in the Gaza Strip stopped working Thursday because of a lack of fuel, officials said, as concerns grew over worsening humanitarian conditions in the Palestinian enclave. The closure of the plant, which normally provides around a
Published 16 Feb, 2018 12:00am
Sri Lanka keeps rates steady

Sri Lanka keeps rates steady

Sri Lanka's central bank held interest rates steady on Thursday, saying the economy is growing below potential, a widely expected decision that comes amid fresh political uncertainty after the ruling coalition government suffered a shock defeat in local e
Published 16 Feb, 2018 12:00am
Cyclicals, South Africa-exposed stocks help steady FTSE 100

Cyclicals, South Africa-exposed stocks help steady FTSE 100

A rally in miners and stocks exposed to South Africa helped Britain's top share index close higher for a second day in a row on Thursday, stabilising after last week's hefty sell-off. The blue chip FTSE 100 closed up 0.28 percent at 7,234 points. Sectors
Published 16 Feb, 2018 12:00am
Most Southeast Asian markets end higher

Most Southeast Asian markets end higher

Most Southeast Asian stock markets closed higher on Thursday supported by firm global equities, but Indonesia pared gains to end marginally lower following a surprise trade deficit in January. Shares in Asia-Pacific outside Japan rose 1.3 percent, in line
Published 16 Feb, 2018 12:00am
European shares build on recovery, Airbus shines

European shares build on recovery, Airbus shines

European stocks rose for a second day on Thursday as investors brushed off a spike in US inflation, turning their focus back to company earnings from heavy hitters including Europe's largest aerospace firm Airbus. The pan-European STOXX 600 ended up 0.5 p
Published 16 Feb, 2018 12:00am
Australian shares up; New Zealand flat

Australian shares up; New Zealand flat

Australian shares rose over 1 percent on Thursday, shrugging off higher than expected US inflation data and boosted by gains in top resources stocks. The S&P/ASX 200 index ended up 1.2 percent, or 67.8 points, to 5,909. The benchmark fell 0.3 percent on W
Published 16 Feb, 2018 12:00am
Saudi index far outperforms Gulf, rate hopes boost Egypt

Saudi index far outperforms Gulf, rate hopes boost Egypt

Saudi Arabia's stock market rose on Thursday, encouraged by strong global bourses and a slight rebound in oil prices, while hopes for an interest rate cut boosted Egypt. But much of the Gulf was sluggish because of mediocre corporate earnings. The Saudi i
Published 16 Feb, 2018 12:00am
Treasury yields advance

Treasury yields advance

US Treasury yields on most maturities rose on Wednesday, with those on benchmark 10-year notes hitting a four-year high, boosted by data showing consumer prices in the world's largest economy gained more than expected last month, with underlying inflation
Published 16 Feb, 2018 12:00am
Treasury yields advance

Treasury yields advance

US Treasury yields on most maturities rose on Wednesday, with those on benchmark 10-year notes hitting a four-year high, boosted by data showing consumer prices in the world's largest economy gained more than expected last month, with underlying inflation
Published 16 Feb, 2018 12:00am
Indian shares surge

Indian shares surge

Indian shares rose on Thursday tracking global markets, but Punjab National Bank fell for a second consecutive session after saying it unearthed $1.77 billion in fraudulent transactions, dragging down other state-run lenders. The benchmark BSE index close
Published 16 Feb, 2018 12:00am
China markets closed

China markets closed

Stocks, financial and commodity markets in China were closed on Thursday for Lunar New Year holidays.
Published 16 Feb, 2018 12:00am
What inflation? Apple and Facebook drive Wall Street rally
Exchange

What inflation? Apple and Facebook drive Wall Street rally

Wall Street surged on Wednesday as investors shrugged off stronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple. The fourth straight day of gains in the S&P 500 saw a return to the "fear of missing out" mentality th
Published 16 Feb, 2018 12:00am
Nikkei posts solid rise despite strong yen

Nikkei posts solid rise despite strong yen

Japan's Nikkei share average rose significantly on Thursday as investors bought back recently-battered stocks after US markets climbed overnight, shrugging off stronger-than-expected inflation data. The Nikkei ended 1.5 percent higher at 21,464.98, after
Published 16 Feb, 2018 12:00am
Sri Lankan stocks soar

Sri Lankan stocks soar

Sri Lankan shares recovered on Thursday, following two straight sessions of losses, on retail buying after the central bank held key policy rates steady amid signs political uncertainty was easing, dealers said. The central bank's decision was widely expe
Published 16 Feb, 2018 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian and New Zealand dollars held firm on their US counterpart on Thursday as the sudden, and unexpected, return of risk appetite helped offset a sharp rise in US bond yields. The Aussie was holding at $0.7931 after climbing 0.8 percent in a wil
Published 16 Feb, 2018 12:00am
Sterling builds on gains as dollar extends sell-off
Currency

Sterling builds on gains as dollar extends sell-off

Sterling gained for the fourth day on the trot against the dollar on Thursday, briefly touching $1.41 on the back of a broadly weakened US currency, with traders eyeing earnings data next week to give the pound fresh momentum. The pound has rallied in 201
Published 16 Feb, 2018 12:00am
Canadian dollar up
Currency

Canadian dollar up

The Canadian dollar strengthened to a one-week high against its US counterpart on Wednesday as a rally in stocks suggested that the turbulence in financial markets is fading. At 4:05 pm EST (2100 GMT), the Canadian dollar was trading 0.7 percent higher at
Published 16 Feb, 2018 12:00am
Asian currencies rise
Currency

Asian currencies rise

Asian currencies firmed on Thursday, boosted by heftier global risk appetites as the dollar slipped despite stronger-than-anticipated US inflation and a rise in Treasury yields. Tracking a rally in Wall Street, Asian stocks brushed aside US inflation data
Published 16 Feb, 2018 12:00am
Sri Lankan rupee recovers
Currency

Sri Lankan rupee recovers

The Sri Lankan rupee ended firmer on Thursday, a day after hitting a record low, as exporters and banks sold dollars amid signs of political uncertainty easing, dealers said. The rupee, which traded as low as 155.75 per dollar early in the day, ended at 1
Published 16 Feb, 2018 12:00am
Dollar falls in NY despite rise in interest rate expectations
Currency

Dollar falls in NY despite rise in interest rate expectations

The US dollar fell on Wednesday despite a report of stronger-than-expected inflation data and an increase in interest-rate expectations, raising the possibility that the currency is in a period of secular downturn. "We are in an environment where the doll
Published 16 Feb, 2018 12:00am
Dollar falls across the board in Europe
Currency

Dollar falls across the board in Europe

The dollar fell across the board on Thursday, hitting a 15-month low against the yen, as negative sentiment around the dollar outweighed a rise in 10-year US Treasury yields to their highest levels in four years. Analysts struggled to explain the dollar's
Published 16 Feb, 2018 12:00am
Dollar extends losses against yen in Asia
Currency

Dollar extends losses against yen in Asia

The dollar extended its losses against the yen and hit a new 15-month low on Thursday, with market participants bracing for further near-term weakness in the US currency. The dollar dropped below Wednesday's low of 106.725 yen and fell as far as 106.30 ye
Published 16 Feb, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 82.94-82.94 (Previous 82.92-82.92).
Published 16 Feb, 2018 12:00am
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