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Archive - 2018-05-12
Rao Anwar files bail plea in ATC
Pakistan Top News

Rao Anwar files bail plea in ATC

Rao Anwar filed on Saturday a bail petition in an anti-terrorism court, stating that the report by the Joint Investi
Published 12 May, 2018 10:19am
NAB's action against one party amounts to pre-poll rigging: Marriyum

NAB's action against one party amounts to pre-poll rigging: Marriyum

Revengeful and politically motivated actions against only one party by NAB before elections amounts to pre-poll rigging and stealing the mandate of the people, therefore the ECP should take notice of it. This was stated by Federal Minister for Information
Published 12 May, 2018 12:00am
KPRA asks FBR to release Rs 1.9 billion under input tax adjustments

KPRA asks FBR to release Rs 1.9 billion under input tax adjustments

As the fiscal year comes to a close, the Khyber Pakhtunkhwa Revenue Authority (KPRA) has written a letter to the Federal Board of Revenue to release claims of Rs 1.9 billion under input tax adjustments. The KPRA had signed a memorandum of understanding (M
Published 12 May, 2018 12:00am
NUST students briefed about FBR's working

NUST students briefed about FBR's working

A group of students of Department of Government and Public Policy from the School of Social Sciences and Humanities at National University of Sciences & Technology (NUST) Islamabad visited FBR House on Friday to learn about the working of FBR and its role
Published 12 May, 2018 12:00am
First automatic milk vending machine inaugurated

First automatic milk vending machine inaugurated

The Punjab Livestock and Dairy Development Board (PLDDB) on Friday inaugurated its first automatic milk vending machine for ensuring provision of 100% pure, healthy, hygienic and affordable milk at Rs 75 per litter only. First automatic machine has been i
Published 12 May, 2018 12:00am
Philippines' top court ousts Duterte-critic chief justice

Philippines' top court ousts Duterte-critic chief justice

The Philippines' top court voted on Friday to remove its own chief justice, who faced ouster efforts after battling with President Rodrigo Duterte over human rights and his deadly war on drugs. The decision against Maria Lourdes Sereno drew to the Manila
Published 12 May, 2018 12:00am
China sends fighter jets near Taiwan in latest show of force

China sends fighter jets near Taiwan in latest show of force

China sent fighter jets and other military aircraft near Taiwan Friday in the latest of a series of drills which Beijing has said are aimed at the island's "independence forces". Taiwan's defence ministry said multiple H-6K bombers, reconnaissance planes
Published 12 May, 2018 12:00am
AT&T admits 'big mistake' in hiring Trump fixer Michael Cohen

AT&T admits 'big mistake' in hiring Trump fixer Michael Cohen

AT&T's top executive said Friday it was a "big mistake" to hire a Donald Trump's personal lawyer as a consultant after the presidential election, but maintained that the telecom giant's actions were legal and "entirely legitimate."
Published 12 May, 2018 12:00am
NASA plan to track greenhouse gas cancelled

NASA plan to track greenhouse gas cancelled

A NASA program that cost $10 million per year to track carbon and methane, key greenhouse gases that contribute to global warming, has been cancelled, a US space agency spokesman said Thursday. The end of the program - called the Carbon Monitoring System
Published 12 May, 2018 12:00am
Indonesian volcano erupts, sparking evacuations

Indonesian volcano erupts, sparking evacuations

Indonesian villagers living in the shadow of one of the world's most active volcanoes fled to safety Friday as Mount Merapi erupted, sending a cascade of ash and smoke some 5,000 metres (16,400 feet) into the sky. The government ordered residents living w
Published 12 May, 2018 12:00am
Malaysia king to pardon Anwar, paving way for return to politics

Malaysia king to pardon Anwar, paving way for return to politics

Malaysia's king has agreed to pardon Anwar Ibrahim immediately, the country's newly installed prime minister said Friday, paving the way for the jailed leader to return to politics and potentially become premier. It was the latest dramatic development aft
Published 12 May, 2018 12:00am
PML-N CEC puts its weight behind Nawaz

PML-N CEC puts its weight behind Nawaz

The Central Executive Committee (CEC) of Pakistan Muslim League-Nawaz (PML-N) Friday threw its weight behind deposed Prime Minister Nawaz Sharif, asking chairman National Accountability Bureau (NAB) to provide proof of the alleged money laundering by him
Published 12 May, 2018 12:00am
Babar for rehabilitation of victims of 'civilian' terrorism

Babar for rehabilitation of victims of 'civilian' terrorism

Former PPP Senator Farhatullah Babar has called for launching 'Civilian Terrorism victims Rehabilitation' project and demanded to give an end to treating victims as mere statistics in collateral losses.
Published 12 May, 2018 12:00am
LDA DG's physical remand extended for seven days

LDA DG's physical remand extended for seven days

An accountability court on Friday extended for another seven days physical remand of former director general Lahore Development Authority Ahad Khan Cheema and another accused involved in Ashiana-i-Iqbal Housing Scheme scam.
Published 12 May, 2018 12:00am
LHC seeks reply from MoI about Abid Boxer

LHC seeks reply from MoI about Abid Boxer

The Lahore High Court on Friday called reply from interior ministry to explain whether former police inspector Abid Boxer was into custody by UAE police in a fraud case.
Published 12 May, 2018 12:00am
Pakistan slams missile attacks on Jazan, Riyadh

Pakistan slams missile attacks on Jazan, Riyadh

The government of Pakistan condemns multiple missile attacks on Jazan and Riyadh by Houthi militia. The successful interception of the missiles by the Saudi forces prevented loss of innocent lives and is commendable.
Published 12 May, 2018 12:00am
Sanctions against Tehran to have impact on Islamabad: Malik

Sanctions against Tehran to have impact on Islamabad: Malik

As the US pulled out of the nuclear deal with Iran, Pakistan Peoples Party (PPP) Senator Rehman Malik on Friday said that there is a need to take precautionary measures as the sanctions on Tehran would have a serious impact on Islamabad.
Published 12 May, 2018 12:00am
SECP holds awareness seminar on corporatisation

SECP holds awareness seminar on corporatisation

In order to raise awareness among business community and other stakeholders about the importance of corporatisation and post-incorporation compliance requirements in light of recent amendments to relevant laws, the Securities and Exchange Commission of Pa
Published 12 May, 2018 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose on Friday, headed for its first weekly gain in four weeks, as the dollar weakened and investors grew a bit less confident about prospects that the Federal Reserve would raise interest rates three more times in 2018. Spot gold was unchanged at $1
Published 12 May, 2018 12:00am
US MIDDAY: soyabeans down

US MIDDAY: soyabeans down

US soyabean futures fell to their lowest level in a month on Friday on a mix of technical selling ahead of the weekend and uncertainty about how trade disputes would affect exports, analysts said. Wheat and corn also fell, pressured by long liquidation an
Published 12 May, 2018 12:00am
Gold soars in Europe

Gold soars in Europe

Gold was set for its first weekly gain in four weeks on Friday after soft US inflation data suggested that the Federal Reserve might show caution on the pace of interest rate rises. The weaker-than-expected April consumer price data on Thursday helped to
Published 12 May, 2018 12:00am
Gold eases in Asia

Gold eases in Asia

Gold prices slipped in range-bound trading on Friday as the dollar firmed slightly, with investors mostly brushing off a potential broadening of conflict in the Middle East. Spot gold was down 0.1 percent at $1,319.61 per ounce as of 0656 GMT, after risin
Published 12 May, 2018 12:00am
Gold surges in New York

Gold surges in New York

Gold rose on Thursday as the US dollar backed away from 2018 highs after weaker-than-forecast US inflation data and as tensions between the United States and Iran also supported the precious metal. The dollar slipped from a 4-1/2-month peak after US data
Published 12 May, 2018 12:00am
Raw sugar prices weaken on excess supplies, arabica coffee eases
Currency

Raw sugar prices weaken on excess supplies, arabica coffee eases

Raw sugar futures on ICE were lower on Friday with concerns about oversupply keeping the market on the defensive, while arabica coffee prices also eased with the falling Brazilian currency. July raw sugar settled down 0.05 cent, or 0.4 percent, at 11.22 c
Published 12 May, 2018 12:00am
EU sugar exports may have already peaked: Suedzucker

EU sugar exports may have already peaked: Suedzucker

European Union exports of sugar since the region abolished production limits may have already hit their peak, as global supplies swell in other key regions, said an executive with Europe's largest producer Suedzucker AG. EU exports will total about 1.4-2.
Published 12 May, 2018 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures edged higher on Friday, helped by a temporary rise in Shanghai futures and short-covering ahead of the weekend, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for October delivery finished 0.5 yen higher
Published 12 May, 2018 12:00am
Oil prices fall as Iran nuclear deal retains support

Oil prices fall as Iran nuclear deal retains support

Crude prices fell in a see-saw session on Friday, retreating after early gains as it looked likely that US allies would push to maintain a deal with Iran, which could keep that country's crude exports on global markets. In another sign global supplies cou
Published 12 May, 2018 12:00am
Middle East crude benchmarks ease

Middle East crude benchmarks ease

Middle East crude benchmarks softened on Friday even though Qatari al-Shaheen crude has been sold at the highest premium in more than two years on robust demand for Dubai-linked grades in Asia. QP offered four al-Shaheen cargoes to load on July 18-19, Jul
Published 12 May, 2018 12:00am
Aluminium ends week lower on price correction, copper down

Aluminium ends week lower on price correction, copper down

Aluminium fell to its lowest in a week on Friday and ended the week in negative territory as the market corrected after a recent price surge on US sanctions against the world's largest producer and its major shareholder. Benchmark aluminium on the London
Published 12 May, 2018 12:00am
Modi visits Nepal in bid to counter China influence

Modi visits Nepal in bid to counter China influence

Indian Prime Minister Narendra Modi inaugurated the construction of a mega hydropower plant during a visit to Nepal Friday, part of his government's move to counter Chinese influence in its backyard. Modi and his Nepali counterpart K.P. Sharma Oli laid th
Published 12 May, 2018 12:00am
Sri Lanka army unit to fight civil war abuse claims

Sri Lanka army unit to fight civil war abuse claims

The Sri Lankan army has formed a special unit to defend itself against allegations of grave human rights abuses at the end of the island's decades-long ethnic war. Army chief Lieutenant General Mahesh Senanayake said the group would collate local and inte
Published 12 May, 2018 12:00am
Third Indian teen raped, burned alive in a week

Third Indian teen raped, burned alive in a week

A third teenage girl has been raped and burned alive in a week in India, the latest brutal sexual assault to shock the country. The 16-year-old died from the burns after being set alight by a 26-year-old man who acted after the young woman said she would
Published 12 May, 2018 12:00am
At least one hurt in school shooting near Los Angeles

At least one hurt in school shooting near Los Angeles

Police in California arrested a man after reports of shootings at two schools near Los Angeles on Friday, the local sheriff's department and education officials said. The Los Angeles County Sheriff said one suspect had been detained "regarding the person
Published 12 May, 2018 12:00am
$10 billion plan for global education launched at UN

$10 billion plan for global education launched at UN

The United Nations joined the World Bank and four regional development banks on Friday to launch a plan to boost funding for education by $10 billion as new data shows a growing gap over access to schools. About 260 million children worldwide are not in s
Published 12 May, 2018 12:00am
Thousands in Indonesia protest US embassy move to Jerusalem

Thousands in Indonesia protest US embassy move to Jerusalem

Thousands of Indonesian Muslims rallied in Jakarta Friday against US President Donald Trump's controversial decision to recognise Jerusalem as Israel's capital. The protest was the latest in a series of protests across the Islamic world sparked by Trump's
Published 12 May, 2018 12:00am
Trump to address Jerusalem embassy opening by video

Trump to address Jerusalem embassy opening by video

President Donald Trump will address around 800 US and Israeli dignitaries at the ceremonial opening of the American embassy in Jerusalem by video on Monday, the US ambassador said. It was not immediately clear from Ambassador David Friedman comment, on a
Published 12 May, 2018 12:00am
Britain hostile for all racial minorities: UN inspector

Britain hostile for all racial minorities: UN inspector

British Prime Minister Theresa May's "hostile environment" for illegal immigrants has created hostility for all Britain's ethnic communities, the UN special rapporteur on racism said Friday. Britain has a "climate of national anxieties that scapegoat enti
Published 12 May, 2018 12:00am
Palestinian killed in Gaza border protests

Palestinian killed in Gaza border protests

Israeli soldiers shot dead a Palestinian man on Friday during a seventh week of protests on the Gaza border, the health ministry in the enclave said. The 40-year-old died after being shot in the chest near Khan Yunis in the southern Gaza Strip, while 18 p
Published 12 May, 2018 12:00am
DR Congo expels two British journalists

DR Congo expels two British journalists

Authorities in the Democratic Republic of Congo have expelled two British journalists, including a photographer who has contributed to AFP coverage, their colleagues said on Friday. The two had been reporting on armed groups in the volatile Nord-Kivu regi
Published 12 May, 2018 12:00am
Seoul 'tricked' North Korea waitresses into defecting: manager

Seoul 'tricked' North Korea waitresses into defecting: manager

The 12 North Korean waitresses who defected from China two years ago were tricked into doing so in an operation by the South's intelligence services, their manager told South Korean television in a bombshell revelation. The high-profile case has long been
Published 12 May, 2018 12:00am
Irish hopes intact as rain derails Test debut

Irish hopes intact as rain derails Test debut

When you've waited as long as Ireland have to play your first Test match, another day's delay may not seem that significant. Yet there was no denying the disappointment at a wet and windy Malahide ground in Dublin as rain meant play was abandoned without
Published 12 May, 2018 12:00am
Bangladesh disappointed at cancelled Australia tour

Bangladesh disappointed at cancelled Australia tour

Bangladesh cricket authorities on Friday expressed disappointment after Australia called off a tour by the Asian nation this year because it was not financially viable. The Tigers were to play two Tests and three one-day internationals in Australia in Aug
Published 12 May, 2018 12:00am
Buffon charged by UEFA after referee rant

Buffon charged by UEFA after referee rant

Juventus goalkeeper Gianluigi Buffon was charged by UEFA on Friday over his comments about referee Michael Oliver after the Italian side's dramatic Champions League quarter-final loss to Real Madrid last month. The 40-year-old has been charged both with b
Published 12 May, 2018 12:00am
Nadal knocked out of Madrid by Thiem, loses world number one spot

Nadal knocked out of Madrid by Thiem, loses world number one spot

Rafael Nadal suffered his first clay-court defeat in almost a year when the world number one was shocked 7-5, 6-3 by Austria's Dominic Thiem in the Madrid Masters quarter-finals on Friday. Defending champion Nadal, who came into the tournament having won
Published 12 May, 2018 12:00am
Bertens reaches Madrid final

Bertens reaches Madrid final

Dutchwoman Kiki Bertens continued her remarkable run at the Madrid Open by thrashing French seventh seed Caroline Garcia on Friday to reach the final. The world number 20 will face either Petra Kvitova or Karolina Pliskova in the biggest match of her care
Published 12 May, 2018 12:00am
Chinese football club calls $1.5 million win bonus 'fake news'

Chinese football club calls $1.5 million win bonus 'fake news'

A struggling Chinese football club has dismissed as "fake news" a report that it had offered team members a combined $1.5 million bonus to win a game, and said a number of club staff were punished over the affair. Local media earlier this week quoted Guiz
Published 12 May, 2018 12:00am
Japan's Olympic golf venue admits first female members

Japan's Olympic golf venue admits first female members

Japan's golf venue for the Tokyo 2020 Olympics has granted full membership to women for the first time, after lifting a ban under pressure from Games authorities. The upscale Kasumigaseki Country Club told AFP it had upgraded three women to full membershi
Published 12 May, 2018 12:00am
Serena signs on for WTA

Serena signs on for WTA

Former world number one Serena Williams will open her summer hardcourt season at the WTA tournament in San Jose, California, July 30-August 5. "I am looking forward to opening my summer season at the Mubadala Silicon Valley Classic and competing in the ne
Published 12 May, 2018 12:00am
Russia sends 'proof' to WADA refuting doping claims

Russia sends 'proof' to WADA refuting doping claims

Russian federal investigators said Friday they had sent the World Anti-Doping Agency "proof" refuting claims by whistleblower Grigory Rodchenkov of a state-sponsored doping programme at the Sochi Olympics in 20l4. "The investigators have collected objecti
Published 12 May, 2018 12:00am
PPL-FC take bronze medal in PFF Challenge Cup

PPL-FC take bronze medal in PFF Challenge Cup

The newly-formed Pakistan Petroleum Limited Football Club (PPL-FC) clinched bronze medal at the award ceremony of Pakistan Football Federation's National Challenge Cup (PFF NCC) 2018 on May 10 at Karachi Port Trust Football Ground. Senior Vice President P
Published 12 May, 2018 12:00am
Razaq wins first stage of Tour de Khunjrab Road Cycle Race

Razaq wins first stage of Tour de Khunjrab Road Cycle Race

Abdul Razaq paddled past his fellow cyclists by winning the first stage of the three-stage Serena International Tour de Khunjrab Road Cycle Race here on Friday after crossing a 66km hectic track between mountain ranges here Friday.
Published 12 May, 2018 12:00am
Aussie, kiwi above multi-month lows

Aussie, kiwi above multi-month lows

The Australian and New Zealand dollars held well above recent multi-month lows on Friday as the greenback eased after softer-than-expected US inflation tempered expectations of aggressive policy tightening by the Federal Reserve. "It has been a superb mov
Published 12 May, 2018 12:00am
Sri Lankan rupee tad firmer
Currency

Sri Lankan rupee tad firmer

The Sri Lankan rupee ended slightly firmer on Friday after the central bank sold dollars to support the domestic currency, dealers said. The rupee ended at 157.85/158.10 per dollar, compared with Thursday's record closing low of 157.90/158.10.
Published 12 May, 2018 12:00am
Sterling bounces from four-month lows
Currency

Sterling bounces from four-month lows

Sterling bounced on Friday as a weak dollar helped the pound recover losses suffered when the Bank of England held rates and cut its economic growth projections. The BoE held interest rates steady as expected on Thursday but cut its growth and inflation p
Published 12 May, 2018 12:00am
Asian forex: most Asian units up as dollar slips
Currency

Asian forex: most Asian units up as dollar slips

Most emerging Asian currencies gained on Friday as the greenback eased on softer-than-expected US inflation data, allaying worries that the Federal Reserve might aggressively hike interest rates this year. The dollar hovered below a 4-1/2 year high agains
Published 12 May, 2018 12:00am
Dollar steps back from 2018 peak in Asia
Currency

Dollar steps back from 2018 peak in Asia

The dollar hovered below a 4-1/2-month high against a basket of major currencies on Friday after tepid US inflation data prompted traders to pare bets of faster rate hikes. US consumer prices rose less than expected in April, which would support gradual,
Published 12 May, 2018 12:00am
Dollar falls against basket of currencies in New York

Dollar falls against basket of currencies in New York

The US dollar fell on Thursday against a basket of currencies, holding below its 2018 peak, as a smaller-than-expected rise in consumer prices caused traders to pare positions betting that inflation is accelerating, which could push the Federal Reserve to
Published 12 May, 2018 12:00am
Dollar consolidates gains in European trade
Currency

Dollar consolidates gains in European trade

The dollar consolidated gains on Friday and is set for a fourth consecutive week of gains as markets grow optimistic about the outlook for the US currency in the coming weeks despite notching up some relatively quick recent gains.
Published 12 May, 2018 12:00am
China's yuan rises

China's yuan rises

China's yuan inched up against the US dollar on Friday after the central bank set the midpoint at a one-week high, keeping it on course for its first week of gains in four. The dollar hovered below a 4-1/2-month high against a basket of major currencies a
Published 12 May, 2018 12:00am
Japan real wages rise in positive sign for consumption

Japan real wages rise in positive sign for consumption

Japanese workers' inflation-adjusted real wages rose for the first time in four months in March, government data showed, in a sign of a gradual increase in salaries that should help stimulate consumer spending. The data will be encouraging to the Bank of
Published 12 May, 2018 12:00am
SoftBank reports soaring profit

SoftBank reports soaring profit

Japanese telecom giant SoftBank on Wednesday reported a surge in its annual operating profit, driven by the increasing value of its Vision Fund and robust performances from its telecoms units. Full-year annual operating profit was up 27.1 percent to 1.3 t
Published 12 May, 2018 12:00am
United Airlines in talks to buy wide-body jets

United Airlines in talks to buy wide-body jets

United Airlines is in talks with planemakers Airbus and Boeing Co over the purchase of wide-body, long-haul passenger jets to replace a fleet of 50 Boeing 767 aircraft, people familiar with the discussions said on Tuesday. Europe's Airbus is expected to o
Published 12 May, 2018 12:00am
Egypt inflation sees first rise in eight months
Currency

Egypt inflation sees first rise in eight months

Egypt's annual inflation rates were mixed in April, with one of its key readings showing an increase for the first time in eight months, data showed on Thursday, a week before the central bank will decide on interest rates. Inflation last year surged on t
Published 12 May, 2018 12:00am
Canada April job losses point to interest rates kept on hold

Canada April job losses point to interest rates kept on hold

The Canadian economy unexpectedly shed jobs in April on the back of a drop in part-time positions, bolstering bets that the Bank of Canada will hold interest rates steady when its policymakers meet later this month. The decline of 1,100 jobs reported by S
Published 12 May, 2018 12:00am
Hong Kong grows at best pace since 2011 in Q1, aided by consumption

Hong Kong grows at best pace since 2011 in Q1, aided by consumption

Hong Kong's trade-reliant economy grew at the fastest pace in nearly seven years in the first quarter, on the back of strong exports and consumption. The government said on Friday that annual growth in January-March surged to 4.7 percent, compared with 3.
Published 12 May, 2018 12:00am
Maersk likely to shelve plans to list drilling division

Maersk likely to shelve plans to list drilling division

Shipping group A.P. Moller-Maersk is likely to shelve plans to list its struggling offshore drilling division because of weak market conditions, according to five finance sources familiar with the matter. The Danish company is now expected to focus on a t
Published 12 May, 2018 12:00am
EBRD to invest $3.3 billion in Jordan infrastructure projects

EBRD to invest $3.3 billion in Jordan infrastructure projects

The European Bank for Reconstruction and Development will invest 2.8 billion euros ($3.3 billion) in infrastructure projects in Jordan, according to a letter of intent signed Thursday in Amman. The three-to-five year investment program will seek to develo
Published 12 May, 2018 12:00am
Canada, Apple back development of carbon-free aluminium smelting tech

Canada, Apple back development of carbon-free aluminium smelting tech

Canada and Quebec province, as well as tech giant Apple, announced Thursday their backing of aluminium producers Alcoa and Rio Tinto's new joint venture to develop a carbon-free smelting process. Prime Minister Justin Trudeau made the announcement with ex
Published 12 May, 2018 12:00am
FTSE 100 achieves best weekly winning streak in 13 years

FTSE 100 achieves best weekly winning streak in 13 years

Yet another M&A deal stole the spotlight in British stocks trading on Friday as a $3 billion bid sent Zoopla owner ZPG surging 30 percent, while the FTSE 100 inched up, scoring its longest winning streak in nearly 13 years.
Published 12 May, 2018 12:00am
Southeast Asian stock markets climb
Currency

Southeast Asian stock markets climb

Southeast Asian stock markets closed higher on Friday, in line with broader Asia, as investor risk appetite got a boost after softer US inflation data soothed worries of faster rate hikes by the Federal Reserve.
Published 12 May, 2018 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong shares finished higher on Friday, in line with regional markets, as softer US inflation numbers eased global worries of faster rate hikes by the Federal Reserve, boosting appetite for equities.
Published 12 May, 2018 12:00am
Long-dated yields fall, curve flattens

Long-dated yields fall, curve flattens

Longer-dated US Treasury yields fell on Thursday, flattening the yield curve as a smaller-than-expected increase in the consumer price index in April reduced fears that domestic inflation is picking up steam as the labour market tightens.
Published 12 May, 2018 12:00am
Long-dated yields fall, curve flattens

Long-dated yields fall, curve flattens

Longer-dated US Treasury yields fell on Thursday, flattening the yield curve as a smaller-than-expected increase in the consumer price index in April reduced fears that domestic inflation is picking up steam as the labour market tightens.
Published 12 May, 2018 12:00am
Sri Lankan shares little changed

Sri Lankan shares little changed

Sri Lankan shares closed little changed on Friday as most investors stayed on the sidelines to see the real impact of a hike in fuel prices, brokers said.
Published 12 May, 2018 12:00am
Tokyo stocks jump

Tokyo stocks jump

Tokyo stocks leapt on Friday, led by rallies in high-tech shares, after Wall Street gains outweighed concern about geopolitical risk over US plans to open an embassy in Jerusalem next week.
Published 12 May, 2018 12:00am
Indian shares rise

Indian shares rise

Indian shares closed higher on Friday, helped by a recovery in financials such as Housing Development Finance Corp Ltd, while stronger Asian equities after soft US inflation data soothed worries of faster rate hikes by the Federal Reserve also boosted sen
Published 12 May, 2018 12:00am
Erdogan calls interest rates 'mother of all evil'; lira slides
Currency

Erdogan calls interest rates 'mother of all evil'; lira slides

Turkish President Tayyip Erdogan called for lower interest rates on Friday and described them as the "mother and father of all evil", triggering a fresh slide in the lira as investors worried about the central bank's ability to rein in high inflation. The
Published 12 May, 2018 12:00am
Draghi urges eurozone solidarity as Macron pushes reforms
Currency

Draghi urges eurozone solidarity as Macron pushes reforms

European Central Bank chief Mario Draghi on Friday urged politicians to sidestep confrontation and reach compromise on reforming the eurozone, after French ambitions have slammed repeatedly into German taboos. "The dichotomy between risk-reduction and ris
Published 12 May, 2018 12:00am
Barclays CEO fined $872,000 over whistleblower affair
Libor

Barclays CEO fined $872,000 over whistleblower affair

British regulators on Friday said they have fined Barclays chief executive Jes Staley £642,430 ($872,000, 730,000 euros) after he breached rules by trying to uncover a whistleblower. They had already last month announced their intention to fine Staley fol
Published 12 May, 2018 12:00am
China April new loans rise but shadow lending shrinks

China April new loans rise but shadow lending shrinks

Chinese banks extended 1.18 trillion yuan ($186.37 billion) in net new yuan loans in April, up slightly from March and higher than expectations, as policymakers look to support the economy as it faces fresh risks from US trade threats. Friday's credit dat
Published 12 May, 2018 12:00am
Kuwait, Philippines sign deal to regulate domestic labour

Kuwait, Philippines sign deal to regulate domestic labour

Kuwait and the Philippines signed a deal on Friday to regulate domestic workers, after a dispute between the two countries led to a ban on Filipino workers in the Gulf state. "A short time ago we signed an agreement between the two countries on the employ
Published 12 May, 2018 12:00am
IMF's Lagarde says ready to assist Argentina
Currency

IMF's Lagarde says ready to assist Argentina

International Monetary Fund chief Christine Lagarde said Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly. Lagarde said she instructed the IMF team to continue discussions on a loan program with the goa
Published 12 May, 2018 12:00am
US import prices, surveys point to moderate inflation

US import prices, surveys point to moderate inflation

US import prices rose less than expected in April as a rebound in the cost of petroleum products was tempered by a drop in food prices, the latest indication that inflation pressures were increasing moderately. The Labour Department said on Friday import
Published 12 May, 2018 12:00am
Apple, Goldman Sachs collaborating on credit card

Apple, Goldman Sachs collaborating on credit card

Apple is working with financial giant Goldman Sachs on a credit card that would carry the iPhone maker's digital wallet logo, according to a report Thursday in the Wall Street Journal. The move comes as Apple puts increasing focus on revenue from online s
Published 12 May, 2018 12:00am
Banks to seek special exemptions for foreign staff after Brexit

Banks to seek special exemptions for foreign staff after Brexit

Global banks in Britain are calling for a special work visa waiver after Brexit to preserve the City of London's standing as a top global financial centre, two industry sources said, a move that would be more generous than the current arrangements. Since
Published 12 May, 2018 12:00am
CBOT soyabean futures fall ahead of USDA reports

CBOT soyabean futures fall ahead of USDA reports

Chicago Board of Trade soyabean futures fell Wednesday on position-squaring a day ahead of monthly supply/demand reports due from the US Department of Agriculture, traders said. CBOT July soyabeans settled down 4-1/2 cents at $10.15-3/4 per bushel, just b
Published 12 May, 2018 12:00am
Soyameal prices rise on European feeds market

Soyameal prices rise on European feeds market

Prices in Europe's animal feed meal market rose on Wednesday, supported by the previous day's rise in Chicago soyameal, ahead of world crop forecasts from the US Department of Agriculture (USDA). The only significant trade reported was in rapeseed meal, w
Published 12 May, 2018 12:00am
Cotton prices firm on thin activity
Cotton

Cotton prices firm on thin activity

Cotton prices stayed firm on the local market on Friday in the process of slow trading activity, dealers said. The official spot rate was unchanged at Rs 7400, they added. In the ready session, approximately, 2000 bales of cotton changed hands between Rs
Published 12 May, 2018 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 105,399 tonnes of cargo comprising 69,678 tonnes of import cargo and 35,721 tonnes of export cargo including 2,045 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 69,6
Published 12 May, 2018 12:00am
China's construction steel rebar futures fall

China's construction steel rebar futures fall

China's construction steel rebar futures fell for a fourth straight day on Wednesday, pressured by lukewarm trading in spot market amid higher supplies. Shanghai benchmark rebar contracts was down 2.2 percent at 3,571 yuan ($559.90) a tonne. Earlier in th
Published 12 May, 2018 12:00am
EU wheat falls with Chicago as weather worries ease

EU wheat falls with Chicago as weather worries ease

Euronext wheat fell on Wednesday in step with Chicago, retreating from a seven-month high, as rain forecast for dry US and Russian wheat belts eased crop concerns and shifted attention back to ample global supplies. Activity was light, with traders awaiti
Published 12 May, 2018 12:00am
CBOT wheat futures down

CBOT wheat futures down

Chicago Board of Trade wheat futures fell on Wednesday on position-squaring a day ahead of a monthly crop report from the US Department of Agriculture and forecasts for welcome rains in Russia's crop belt, traders said. CBOT July soft red winter wheat set
Published 12 May, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,471. The traded value of Metals, Energy and COTS/FX was recorded at 8.985 billion and the number of lots traded was 13,167.
Published 12 May, 2018 12:00am
The young and the restless

The young and the restless

Pakistan has more young people in its population presently than ever before in history. These findings are part of the United Nations Population Fund report that states that out of 200 million people, 63 percent of Pakistan's population comprises youth. O
Published 12 May, 2018 12:00am
An unlikely comeback: Karl Marx is all the rage with kids these days

An unlikely comeback: Karl Marx is all the rage with kids these days

Reaching Karl Marx means walking past many, many capitalists. The London area of Highgate where he is buried is the address of the super-wealthy of this planet, people who like living in "gated communities" surrounded by walls. Entrance to the Highgate ce
Published 12 May, 2018 12:00am
Printing body parts in hospital shows: 3D tech's growing reach

Printing body parts in hospital shows: 3D tech's growing reach

Three-dimensional printers are letting doctors in Minnesota make simulated body parts in a hospital and a Brooklyn startup create rocket engines designed to put satellites into orbit, executives said last Thursday at an event hosted by General Electric Co
Published 12 May, 2018 12:00am
ART FACTS: Motherhood glory

ART FACTS: Motherhood glory

Traditionally in our society motherhood is regarded in high esteem. Being a mother means kind, caring and protective person the qualities typically associated to mothers. But before having the status of a mother a woman has to go through a long journey to
Published 12 May, 2018 12:00am
Conventional opinion

Conventional opinion

The gentlemen characters in series of paintings by artist Sophia Balagamwala have potato-faces, wear big shoes; have pointy long nose, bulgy body and mostly closed eyes while wearing medals or an epaulette stuck on a shoulder. Titled "Big Men Wear Really
Published 12 May, 2018 12:00am
Tokyo digital art museum looks to 'expand the beautiful'

Tokyo digital art museum looks to 'expand the beautiful'

The waterfall appears to run down the wall of a room and across the floor, but the flow is an illusion - a digital exhibit at a new interactive museum in Tokyo. The flower-filled waterfall is the work of Japanese collective teamLab, known internationally
Published 12 May, 2018 12:00am
Meghan Markle: fashionista facing a royal makeover

Meghan Markle: fashionista facing a royal makeover

Glamorous and elegant, Meghan Markle is set to freshen up the British royal family dress code, while tailoring her outfits to suit her new role. As she prepares to wed Prince Harry on May 19, the US former television actress is unlikely to be seen again i
Published 12 May, 2018 12:00am
'We give our girls those jewels and pearls'

'We give our girls those jewels and pearls'

Malala's recent visit has special significance for me and many others working for the promotion of girls' education in Pakistan. We remain concerned that required attention and visibility for the topic is missing from our national public discourse. Media
Published 12 May, 2018 12:00am
One scientist's 30-year quest to get under Mars' skin

One scientist's 30-year quest to get under Mars' skin

Philippe Lognonne has waited three decades to hear the heartbeat of Mars. With a little luck and some help from NASA, the instrument he designed to take the Red Planet's pulse will land before the year's end and press a high-tech ear to its dusty surface.
Published 12 May, 2018 12:00am
Almost any amount of exercise may help older men win longevity race

Almost any amount of exercise may help older men win longevity race

Older men may face a premature death if they spend most of the day sitting around, but it doesn't require a huge amount of exercise to increase their chances of living longer, a study in the UK suggests. Researchers asked 1,655 men, all between 71 and 92
Published 12 May, 2018 12:00am
Watching the detectives: the movie sleuths saving silent cinema

Watching the detectives: the movie sleuths saving silent cinema

In the Spanish colonial-style environs of Hollywood's Roosevelt Hotel, around 100 film buffs chew pencils, polish spectacles and furrow brows in the flickering glow of long-forgotten silent movies. These cinema sleuths are being shown a selection of snipp
Published 12 May, 2018 12:00am
Who's who in the Cannes film festival jury

Who's who in the Cannes film festival jury

In a year rocked by the #MeToo movement, the jury of the Cannes film festival is both majority female and led by a woman for the first time. Here are the nine members:
Published 12 May, 2018 12:00am
Cannes golden couple Bardem and Cruz return to open festival

Cannes golden couple Bardem and Cruz return to open festival

It was where Javier Bardem memorably declared his love for Penelope Cruz in 2010 - the golden couple of Spanish cinema opened this year's Cannes film festival together on Tuesday. The Oscar-winning actors both star in Iranian master Asghar Farhadi's Spani
Published 12 May, 2018 12:00am
BRIGDE NOTES: Just don't panic

BRIGDE NOTES: Just don't panic

Dummy play is easy when all the required tricks are visible or easy to make after establishing the extra tricks needed. But at times the waters are not too clear to pick the winning line. This is the time when declarer has to put up his thinking cap and l
Published 12 May, 2018 12:00am
Bachchan, Kapoor reunite after 27 years

Bachchan, Kapoor reunite after 27 years

Two of Bollywood's greatest stars, Amitabh Bachchan and Rishi Kapoor, will share a screen together for the first time in almost three decades in comedy "102 Not Out". The movie, directed by Umesh Shukla, sees Bachchan play a 102-year-old who dreams of bec
Published 12 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 12 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 12 May, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 11, 2018).
Published 12 May, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 11, 2018).

Published 12 May, 2018 12:00am
PM inaugurates deep water container terminal

PM inaugurates deep water container terminal

Prime Minister Shahid Khaqan Abbasi formally inaugurated Hutchison Ports Pakistan here on Friday. The Hutchison Ports Pakistan is the purpose-built, deep-water container terminal in the Port of Karachi - the first of its kind in the country.
Published 12 May, 2018 12:00am
PM inaugurates deep water container terminal

PM inaugurates deep water container terminal

Prime Minister Shahid Khaqan Abbasi formally inaugurated Hutchison Ports Pakistan here on Friday. The Hutchison Ports Pakistan is the purpose-built, deep-water container terminal in the Port of Karachi - the first of its kind in the country.
Published 12 May, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 12 May, 2018 12:00am
PM inaugurates deep water container terminal

PM inaugurates deep water container terminal

Prime Minister Shahid Khaqan Abbasi formally inaugurated Hutchison Ports Pakistan here on Friday. The Hutchison Ports Pakistan is the purpose-built, deep-water container terminal in the Port of Karachi - the first of its kind in the country.
Published 12 May, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 12 May, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 May, 2018 12:00am
Europe moves to safeguard interests in Iran

Europe moves to safeguard interests in Iran

Europe's largest economies lobbied to protect their companies' investments in Iran on Friday, seeking to keep the nuclear deal with Tehran alive after Washington pulled out and threatened to impose sanctions on European companies. Germany and France have
Published 12 May, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 May, 2018 12:00am
Europe moves to safeguard interests in Iran

Europe moves to safeguard interests in Iran

Europe's largest economies lobbied to protect their companies' investments in Iran on Friday, seeking to keep the nuclear deal with Tehran alive after Washington pulled out and threatened to impose sanctions on European companies. Germany and France have
Published 12 May, 2018 12:00am
Europe moves to safeguard interests in Iran

Europe moves to safeguard interests in Iran

Europe''s largest economies lobbied to protect their companies'' investments in Iran on Friday, seeking to keep the nuclear deal with Tehran alive after Washington pulled out and threatened to impose sanctions on European companies. Germany and France hav
Published 12 May, 2018 12:00am
UN nuclear watchdog's chief inspector resigns

UN nuclear watchdog's chief inspector resigns

The chief inspector of the UN's nuclear watchdog the International Atomic Energy Agency (IAEA) resigned Friday, a spokesperson for the agency said. No reason was given for Tero Varjoranta's sudden departure, which comes days after US President Donald Trum
Published 12 May, 2018 12:00am
UN nuclear watchdog's chief inspector resigns

UN nuclear watchdog's chief inspector resigns

The chief inspector of the UN's nuclear watchdog the International Atomic Energy Agency (IAEA) resigned Friday, a spokesperson for the agency said. No reason was given for Tero Varjoranta's sudden departure, which comes days after US President Donald Trum
Published 12 May, 2018 12:00am
UN nuclear watchdog''s chief inspector resigns

UN nuclear watchdog''s chief inspector resigns

The chief inspector of the UN''s nuclear watchdog the International Atomic Energy Agency (IAEA) resigned Friday, a spokesperson for the agency said. No reason was given for Tero Varjoranta''s sudden departure, which comes days after US President Donald Tr
Published 12 May, 2018 12:00am
UN nuclear watchdog''''s chief inspector resigns

UN nuclear watchdog''''s chief inspector resigns

The chief inspector of the UN''''s nuclear watchdog the International Atomic Energy Agency (IAEA) resigned Friday, a spokesperson for the agency said. No reason was given for Tero Varjoranta''''s sudden departure, which comes days after US President Donal
Published 12 May, 2018 12:00am
BRIndex100 retreats

BRIndex100 retreats

Sentiments at Pakistan Stock Exchange (PSX) remained negative on the last trading day Friday. BRIndex100 declined by 31.47 points 0.67 percent to close at 4,651.75 points compared to 4,683.22 points Thursday. BRIndex100 touched intraday high of 4,706.32 p
Published 12 May, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 11, 2018).

Published 12 May, 2018 12:00am
BRIndex100 retreats

BRIndex100 retreats

Sentiments at Pakistan Stock Exchange (PSX) remained negative on the last trading day Friday. BRIndex100 declined by 31.47 points 0.67 percent to close at 4,651.75 points compared to 4,683.22 points Thursday. BRIndex100 touched intraday high of 4,706.32 p
Published 12 May, 2018 12:00am
BRIndex100 retreats

BRIndex100 retreats

Sentiments at Pakistan Stock Exchange (PSX) remained negative on the last trading day Friday. BRIndex100 declined by 31.47 points 0.67 percent to close at 4,651.75 points compared to 4,683.22 points Thursday. BRIndex100 touched intraday high of 4,706.32 p
Published 12 May, 2018 12:00am
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