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Archive - 2018-04-06
Departmental store gutted in Multan
Pakistan Top News

Departmental store gutted in Multan

MULTAN: Massive fire erupted in a departmental store here early morning on Friday. The Rescue 1122 spokesperson Abdul
Published 06 Apr, 2018 01:39pm
European stocks dip at open
Financial

European stocks dip at open

LONDON: Europe's major stock markets slid in tentative opening deals on Friday as investors monitored ongoing trade war
Published 06 Apr, 2018 11:40am
European stocks dip at open
Financial

European stocks dip at open

LONDON: Europe's major stock markets slid in tentative opening deals on Friday as investors monitored ongoing trade war
Published 06 Apr, 2018 08:36am
Slow activity on cotton market
Cotton

Slow activity on cotton market

By and large, activity remained slow and sluggish on Thursday where only needy mills were seen to be picking up some quantities of cotton on the ready market. Recently, global cotton prices had also declined but buyers reportedly picked up some cotton to
Published 06 Apr, 2018 12:00am
Abu Dhabi outperforms as TAQA leaps; Saudi index strong

Abu Dhabi outperforms as TAQA leaps; Saudi index strong

Abu Dhabi outperformed among mixed regional stock markets on Thursday, with Saudi Arabia extending a rebound following several days of profit-taking. The Abu Dhabi index closed 1.7 percent higher, supported by the financial and energy sectors. Abu Dhabi N
Published 06 Apr, 2018 12:00am
Aussie, kiwi down

Aussie, kiwi down

The Australian and New Zealand dollars edged lower on Thursday as the greenback was generally well-bid against most Asian currencies, though an impression of easing trade tensions between the United States and China supported sentiment. The Australian dol
Published 06 Apr, 2018 12:00am
Sterling falls, set to post biggest drop in six weeks
Currency

Sterling falls, set to post biggest drop in six weeks

Sterling fell on Thursday and was set for its biggest daily drop in six weeks thanks to a general dollar rebound as trade war concerns eased and after a survey showed British services growing at their slowest since the Brexit referendum vote. The dollar e
Published 06 Apr, 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. 82.98-82.98 (Previous 82.96-82.96).
Published 06 Apr, 2018 12:00am
Most Asian currencies up
Currency

Most Asian currencies up

Most emerging Asian currencies inched up slightly on Thursday on hopes that a full-blown trade war between the United States and China can be averted. The dollar was a shade higher at 106.845 yen, having pulled higher from a low of 105.990 set the previou
Published 06 Apr, 2018 12:00am
Dollar recovers against yen, Swiss franc in New York
Currency

Dollar recovers against yen, Swiss franc in New York

The dollar recovered against the yen and Swiss franc on Wednesday, bolstered by a rebound on Wall Street, as investors turned less pessimistic about the impact of China's move to slap tariffs on key US imports in response to a similar measure from the Uni
Published 06 Apr, 2018 12:00am
Early trade in New York: dollar rallies as trade war fears ease
Currency

Early trade in New York: dollar rallies as trade war fears ease

The dollar rose to a two-week high against a currency basket on Thursday, bolstered by a rebound on Wall Street and signs the United States is looking to resolve a trade dispute with China. The US currency also climbed to a three-week peak against the yen
Published 06 Apr, 2018 12:00am
Dollar broadly up in Europe
Exchange

Dollar broadly up in Europe

The dollar rose to a two-week high against a basket of major currencies on Thursday, encouraged by a rebound on Wall Street and signs the United States may negotiate a resolution to a trade dispute with China. Beijing on Wednesday imposed tariffs on key U
Published 06 Apr, 2018 12:00am
Dollar moves up against yen in Asia
Currency

Dollar moves up against yen in Asia

The dollar inched up against the yen on Thursday as stocks bounced back from a sell-off triggered by an escalating US-China trade dispute. The greenback was 0.15 percent higher at 106.930 yen, having pulled higher from a low of 105.990 set the previous da
Published 06 Apr, 2018 12:00am
Tencent-backed Meituan to buy China bike-sharing leader Mobike

Tencent-backed Meituan to buy China bike-sharing leader Mobike

Chinese online services giant Meituan Dianping said Wednesday it would acquire bike-sharing start-up Mobike in a deal reportedly worth more than $3 billion, escalating a turf battle between some of the world's biggest internet companies. The acquisition v
Published 06 Apr, 2018 12:00am
Advertiser WPP probes CEO Sorrell over 'financial misconduct'
Exchange

Advertiser WPP probes CEO Sorrell over 'financial misconduct'

British advertising giant WPP on Wednesday revealed it had launched an independent investigation into allegations of misconduct by its chief executive Martin Sorrell, reportedly of a financial and personal nature. The statement came after The Wall Street
Published 06 Apr, 2018 12:00am
HSBC leaker Falciani freed on bail in Spain

HSBC leaker Falciani freed on bail in Spain

A Spanish judge on Thursday released on bail Herve Falciani, a former HSBC computer analyst detained in Madrid at the request of Switzerland for leaking documents alleging widespread tax evasion. The National Court judge seized Falciani's passport and sai
Published 06 Apr, 2018 12:00am
Rights abuses rife on Zimbabwe tobacco farms: HRW
Currency

Rights abuses rife on Zimbabwe tobacco farms: HRW

Global watchdog Human Rights Watch on Thursday urged Zimbabwe to take urgent steps to stem child labour and other rights abuses on the country's tobacco farms. In a report titled "Bitter Harvest", the HRW revealed that children as young as 11 were working
Published 06 Apr, 2018 12:00am
Australian shoppers make a comeback, housing market resilient

Australian shoppers make a comeback, housing market resilient

Australian retail sales rebounded in February as shoppers spent on cafes, clothing and household goods, a tentative sign that consumers may be coming out of the doldrums and contribute to economic growth. Wednesday's data from the Australian Bureau of Sta
Published 06 Apr, 2018 12:00am
Jet Airways to buy 75 Boeing jets in multi-billion dollar order
Exchange

Jet Airways to buy 75 Boeing jets in multi-billion dollar order

Indian airline Jet Airways has entered an agreement to buy 75 Boeing 737 MAX aircraft in a deal that could be worth more than $7 billion. The country's second-largest airline made the announcement to the Mumbai stock exchange late Tuesday. The company did
Published 06 Apr, 2018 12:00am
Trudeau sees high chance of NAFTA deal with US, Mexico

Trudeau sees high chance of NAFTA deal with US, Mexico

Canadian Prime Minister Justin Trudeau signalled Thursday he saw a strong chance of reaching a deal with the US and Mexico to revamp the North American Free Trade Agreement. "We have a high chance of reaching a win-win-win deal for Canada, the United Stat
Published 06 Apr, 2018 12:00am
India keeps interest rate unchanged

India keeps interest rate unchanged

India's central bank on Thursday kept interest rates at a seven-year-low despite inflation concerns and a recent spurt in economic growth. The Reserve Bank of India (RBI) said the benchmark repo rate - the level at which it lends to commercial banks -- wo
Published 06 Apr, 2018 12:00am
India defers new accounting rules for banks cheering investors

India defers new accounting rules for banks cheering investors

The Reserve Bank of India on Thursday deferred until next year a new accounting standard for the country's banks that would have led to higher bad-loan provisioning requirements. The move comes as a relief to Indian lenders battling near-record bad loans
Published 06 Apr, 2018 12:00am
Fitch affirms US rating but warns on mounting debts
Currency

Fitch affirms US rating but warns on mounting debts

Ratings agency Fitch on Thursday left the top-notch US sovereign debt grade unchanged at "AAA" with a stable outlook, but warned faster borrowing could eventually test America's credit strength. In a statement, the agency said December's sweeping $1.5 tri
Published 06 Apr, 2018 12:00am
Fitch affirms US rating but warns on mounting debts
Currency

Fitch affirms US rating but warns on mounting debts

Ratings agency Fitch on Thursday left the top-notch US sovereign debt grade unchanged at "AAA" with a stable outlook, but warned faster borrowing could eventually test America's credit strength. In a statement, the agency said December's sweeping $1.5 tri
Published 06 Apr, 2018 12:00am
Eurozone retail sales muted

Eurozone retail sales muted

Eurozone sales increased at a slower rate than expected in February as shoppers cut back on non-food purchases and figures for January were revised down, indicating a slowdown of business in the bloc's high streets at the start of the year. The European U
Published 06 Apr, 2018 12:00am
Broadcom moves back to the US

Broadcom moves back to the US

Semi-conductor manufacturer Broadcom, which recently failed in a bid to buy US rival Qualcomm, has transferred its headquarters from Singapore to the US as promised. The move effective Wednesday was approved by shareholders on March 23 and then endorsed b
Published 06 Apr, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 06 Apr, 2018 12:00am
Ukraine to raise flour exports
Currency

Ukraine to raise flour exports

Ukraine is likely to raise its flour exports by 20 percent to around 480,000 tonnes this season, making it the sixth largest supplier globally, analyst UkrAgroConsult said on Tuesday. "The factors driving the development specifically of exports include a
Published 06 Apr, 2018 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,330. The traded value of Metals, Energy and COTS/FX was recorded at PKR 9.028 billion and the number of lots traded was 15,403. Major business was contributed by gold a
Published 06 Apr, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 06 Apr, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 06 Apr, 2018 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 06 Apr, 2018 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (April 05, 2018).

Published 06 Apr, 2018 12:00am
Sri Lankan rupee gains
Currency

Sri Lankan rupee gains

The Sri Lankan rupee ended stronger on Thursday on exporter dollar conversions and inward remittances, as Prime Minister Ranil Wickremesinghe surviving a no-confidence motion boosted sentiment, dealers said. Wickremesinghe won a no-confidence vote in parl
Published 06 Apr, 2018 12:00am
Chinese steel futures fall in six trading days
Exchange

Chinese steel futures fall in six trading days

Chinese steel futures fell for the first time in six trading sessions on Tuesday as investors booked some profits from recent gains spurred by hopes of a revival in demand from the construction sector and a drop in inventory levels.
Published 06 Apr, 2018 12:00am
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