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Archive - 2018-05-31
WB delegation calls on Shehbaz Sharif
Pakistan Top News

WB delegation calls on Shehbaz Sharif

LAHORE: A delegation of World Bank official, led by Country Director South Asia Region Patchamuthu Illangovan, called on
Published 31 May, 2018 03:29pm
Moscow invites North Korea's Kim to visit
World Top News

Moscow invites North Korea's Kim to visit

MOSCOW: Russian Foreign Minister Sergei Lavrov in Pyongyang on Thursday invited North Korean leader Kim Jong Un to visit
Published 31 May, 2018 01:21pm
SBP mops up Rs100bn
Top News

SBP mops up Rs100bn

KARACHI: State Bank of Pakistan on Wednesday mopped up Rs. 100 billion from market for two days as repo sale during its
Published 31 May, 2018 01:14pm
Tokyo stocks open higher
Financial

Tokyo stocks open higher

Tokyo: Tokyo stocks opened higher on Thursday, helped by rallies on Wall Street, rebounding from falls the previous day
Published 31 May, 2018 08:01am
PAT issues white paper on five-year performance of Punjab government

PAT issues white paper on five-year performance of Punjab government

Pakistan Awami Tehrik has issued White Paper on the performance of Shahbaz Sharif's Punjab government and said last five years of Shahbaz's government are just a pack of corruption, lies, oppression, killings, nepotism, sever violation of merit system, na
Published 31 May, 2018 12:00am
Revenue collection helps in initiating new uplift projects: Dr Ayesha

Revenue collection helps in initiating new uplift projects: Dr Ayesha

Finance Minister Punjab Dr Ayesha Ghaus Pasha has said that the revenue collection by the Punjab Revenue Authority (PRA) has helped the provincial government in planning and initiating new development projects. She was speaking at a farewell iftar dinner
Published 31 May, 2018 12:00am
MMA to contest upcoming polls in a big way: Baloch

MMA to contest upcoming polls in a big way: Baloch

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said it would be a big challenge for the political and democratic parties to strictly follow the constitution, the democratic process and the electoral code of conduct to ensure fair, free and transpa
Published 31 May, 2018 12:00am
NH&MP IG takes notice of firing at bus

NH&MP IG takes notice of firing at bus

Inspector General National Highways and Motorway Police (NH&MP) Amjad Javed Saleemi has taken notice of firing at a bus and directed for transparent inquiry into the matter. According to the NH&MP spokesperson, information was received from Customs Intell
Published 31 May, 2018 12:00am
NBP president seeks acquittal

NBP president seeks acquittal

President National Bank of Pakistan (NBP) Saeed Ahmed on Wednesday filed an application before the Accountability Court seeking his acquittal from a corruption reference. The NBP president was nominated as a co-accused in the supplementary reference filed
Published 31 May, 2018 12:00am
VIP movements: MoI asked to share copies of blue book with Senators

VIP movements: MoI asked to share copies of blue book with Senators

Senate Committee on Rules of Procedure and Privileges Wednesday asked the Ministry of Interior to share with the committee members copies of the blue book and all notifications issued from time to time about protocols to be followed for VIP movements.
Published 31 May, 2018 12:00am
PML-N government brought changes in every sphere of life: PM

PML-N government brought changes in every sphere of life: PM

Prime Minister Shahid Khaqan Abbasi Wednesday said despite challenges the PML-N government during its five-year term in office had done much by bringing innovation and change in almost every sector of life and economy. Speaking at the inauguration of Nati
Published 31 May, 2018 12:00am
US firms upbeat despite trade uncertainties: Fed

US firms upbeat despite trade uncertainties: Fed

Trade uncertainties continue to cast a shadow on US businesses, but firms remain largely upbeat even amid a labour shortage that has forced more to raise wages, the Federal Reserve survey said Wednesday. Labour shortages have been a growing concern for ma
Published 31 May, 2018 12:00am
Two migrants die, 80 saved in Sahara ordeal

Two migrants die, 80 saved in Sahara ordeal

Two African migrants died of thirst and 80 were saved after they were stranded in the Niger desert while trying to reach Europe, the International Office of Migrations (IOM) said Tuesday, in the second Sahara rescue drama in less than a month.
Published 31 May, 2018 12:00am
Italy in limbo as caretaker PM stalls on cabinet lineup

Italy in limbo as caretaker PM stalls on cabinet lineup

Italy was on tenterhooks Wednesday awaiting news on a new government amid speculation of snap elections and the rumoured return of a populist coalition that collapsed at the weekend. The continuing political turmoil nearly three months after an inconclusi
Published 31 May, 2018 12:00am
After truckers, Brazil oil workers go on strike

After truckers, Brazil oil workers go on strike

Brazilian oil sector workers began a three-day strike Wednesday in at least eight refineries, but were not expected to disrupt fuel supplies as the country started to recover from a devastating truckers' protest. The strike, which is demanding the resigna
Published 31 May, 2018 12:00am
US governor resigns amid sex scandal, finance probe

US governor resigns amid sex scandal, finance probe

Missouri Governor Eric Greitens - once a rising Republican political star - resigned Tuesday amid expanding investigations of a sex scandal and potential violations of campaign finance laws. It was a stunning fall from grace for the military veteran and R
Published 31 May, 2018 12:00am
Latvia convicts ex-railway worker of spying for Russia

Latvia convicts ex-railway worker of spying for Russia

A Latvian court on Tuesday convicted a former railway worker of spying for Russia, sentencing him to 18 months behind bars for sharing classified information on Nato troops and heavy equipment being moved by rail. Aleksandrs Krasnopjorovs, an ethnic Russi
Published 31 May, 2018 12:00am
China slams US for 'sudden flip-flops' in trade policy

China slams US for 'sudden flip-flops' in trade policy

China on Wednesday lambasted "sudden flip-flops" in US policy after President Donald Trump said he was moving to finalise trade sanctions against it - even as a US delegation arrived in Beijing for talks. Ten days ago the White House announced a truce in
Published 31 May, 2018 12:00am
Greece in strike standstill over bailout reforms

Greece in strike standstill over bailout reforms

Thousands of people protested in Greece on Wednesday as a nationwide 24-hour strike against reforms linked to a third and final bailout got under way. Some 7,500 people were demonstrating in Athens, police said, as the strike disrupted flights and urban t
Published 31 May, 2018 12:00am
France destroys over 500 kilos of ivory stocks

France destroys over 500 kilos of ivory stocks

Authorities in the southern French city of Nice on Wednesday destroyed more than 500 kilogrammes of ivory as part of the international campaign to end elephant poaching, the International Fund for Animal Welfare (IFAW) announced. Most of the so-called "wh
Published 31 May, 2018 12:00am
US GDP growth slows in Q1 to 2.2 percent

US GDP growth slows in Q1 to 2.2 percent

The US economy expanded at a slightly slower pace in the first three months of the year as a drop in home buying offset an increase in business investment, the Commerce Department said Wednesday. More complete data on the economy show Gross Domestic Produ
Published 31 May, 2018 12:00am
Singapore Airlines to launch world's longest flight

Singapore Airlines to launch world's longest flight

Singapore Airlines said on Wednesday that it will relaunch the world's longest commercial flight in October, a journey of almost 19 hours from the city-state to New York, but it will not be available to economy travellers. The daily, non-stop journey from
Published 31 May, 2018 12:00am
Gazprom profits expand

Gazprom profits expand

Gazprom said Wednesday its net profit climbed 11.4 percent in the first quarter as export volumes to Europe surged to a record level despite increasing tensions over dependence on Russian gas. The state-controlled group said its net profit rose to 371.6 b
Published 31 May, 2018 12:00am
Gazprom profits expand

Gazprom profits expand

Gazprom said Wednesday its net profit climbed 11.4 percent in the first quarter as export volumes to Europe surged to a record level despite increasing tensions over dependence on Russian gas. The state-controlled group said its net profit rose to 371.6 b
Published 31 May, 2018 12:00am
One million bank workers strike across India

One million bank workers strike across India

Around one million bank employees went on strike across India Wednesday, a union representative said, demanding better pay and a government crackdown on companies who wilfully default on loan payments. Some 5,000 workers chanted slogans and waved banners
Published 31 May, 2018 12:00am
Canadian Pacific Rail workers go on strike

Canadian Pacific Rail workers go on strike

More than 3,000 Canadian Pacific Rail workers went on strike late Tuesday, their union said, even as contract negotiations continue. The nation's second largest railway said it would rely on managers to keep trains rolling, even though the strike is widel
Published 31 May, 2018 12:00am
Trade war risk stalks global economic upturn: OECD

Trade war risk stalks global economic upturn: OECD

The prospect of a trade war is threatening the global growth outlook, which otherwise is on course for a 40-year low in unemployment, the OECD said on Wednesday. Global growth is set to nudge up from 3.8 percent this year to 3.9 percent in 2019, the Organ
Published 31 May, 2018 12:00am
Thousands of Jordanians strike against IMF-driven tax rises

Thousands of Jordanians strike against IMF-driven tax rises

Thousands of Jordanians heeded astrike call by unions on Wednesday to protest at major, IMF-guided tax rises they say will worsen an erosion in living standards. Unions declared the walkout earlier this week, warning the government that sweeping tax amend
Published 31 May, 2018 12:00am
Latvia probes whether Russian money flows used to meddle in Europe

Latvia probes whether Russian money flows used to meddle in Europe

Latvia is investigating whether its banks acted as conduits for Russian funds used to interfere in elections and politics elsewhere, after it received a warning from the United States, officials have told Reuters. The allegations, which highlight the coun
Published 31 May, 2018 12:00am
Gas theft in KP costing exchequer billions of rupees: PM

Gas theft in KP costing exchequer billions of rupees: PM

Prime Minister Shahid Khaqan Abbasi Wednesday said that gas theft in Khyber Pakhtunkhwa is causing a loss of billions of rupees to the country every year and the province has done nothing to arrest this pilferage.
Published 31 May, 2018 12:00am
KP IGP takes notice of Sikh activist's murder

KP IGP takes notice of Sikh activist's murder

Khyber Pakhtunkhwa Inspector General of Police Salahuddin Mehsud took notice of the killing of a Sikh activist Charanjeet Singh on Tuesday. The IGP directed the capital city police officer of Peshawar to arrest the accused on a priority basis. He has also
Published 31 May, 2018 12:00am
Emirates, Etihad seek to introduce more flights in Punjab

Emirates, Etihad seek to introduce more flights in Punjab

The UAE-based airlines M/s Emirates and M/s Etihad Airways are said to have sought additional 22 flight operations weekly to north Punjab, official sources told Business Recorder. Giving the background, the sources said Prime Minister Shahid Khaqan
Published 31 May, 2018 12:00am
SC upholds life imprisonment of female convicted in murder case

SC upholds life imprisonment of female convicted in murder case

The Supreme Court Wednesday upholding the Lahore High Court verdict maintained life imprisonment of a female who is convicted of killing a man in the court of additional sessions judge Sheikhupura. A three-member bench headed by Acting Chief Justice Asif
Published 31 May, 2018 12:00am
KP witnesses decline in terror, crime incidents

KP witnesses decline in terror, crime incidents

Khyber Pakhtunkhwa has witnessed a significant decrease in the incidents of terrorism and other crimes during the last five months as compared to those of previous year. A police spokesman said here on Wednesday, a total of 16 theft and 17 extortion cases
Published 31 May, 2018 12:00am
LHC seeks reply in petition against load-shedding

LHC seeks reply in petition against load-shedding

The Lahore High Court Wednesday sought replies from the federal government and others by June 12 in a petition challenging load shedding in the holy month of Ramadan.
Published 31 May, 2018 12:00am
Tobacco track, trace system Bidding process to be pre-screened by NAB

Tobacco track, trace system Bidding process to be pre-screened by NAB

The Federal Board of Revenue (FBR) and the Tax Reform Implementation Committee (TRIC) have concluded that the bidding process for the track and trace system for tobacco sector would be pre-screened by National Accountability Bureau (NAB) to avoid any cont
Published 31 May, 2018 12:00am
Licence fee of insurance surveyors revised

Licence fee of insurance surveyors revised

The applicant seeking new license for any main class of insurance surveyors shall pay a fee of Rs 7,500 while fee for renewal of a surveyor license for any main class of insurance surveyors will be Rs 5,000 that will be paid to the Securities and Exchange
Published 31 May, 2018 12:00am
Need stressed for setting up public health university

Need stressed for setting up public health university

A policy roundtable on "finalization of recommendations for public health professionals in Punjab" was held, here at Punjab Public Health Agency on Wednesday in a bid to strengthen public health as priority profession in Punjab.
Published 31 May, 2018 12:00am
FCCI chief slams unscheduled power load-shedding

FCCI chief slams unscheduled power load-shedding

President Faisalabad Chamber of Commerce & Industry (FCCI), Shabbir Hussain Chawla has expressed concern over unscheduled electricity load shedding in some parts of the city, and said that he will write a letter to Chief Executive Officer Faisalabad Elect
Published 31 May, 2018 12:00am
Farmers advised to keep orchards clean for controlling fruit fly

Farmers advised to keep orchards clean for controlling fruit fly

The Punjab Agriculture Department (PAD) has advised the fruit farmers to keep their orchards clean for controlling fruit fly which is very harmful for the Guava, Citrus and Mango etc. orchards. 'Due to attack of fruit fly our farmers bear larger economica
Published 31 May, 2018 12:00am
NA polls: Over 3,000 apply for PML-N tickets

NA polls: Over 3,000 apply for PML-N tickets

Pakistan Muslim League Nawaz (PML-N) has so far received over 3000 applications from candidates across the country desirous to contest the national assembly seat election from various parts of the country on the PML-N ticket, it has been learnt. The candi
Published 31 May, 2018 12:00am
Punjab AG's appointment challenged

Punjab AG's appointment challenged

The Lahore High Court on Wednesday issued notice to the Punjab government for June 05 on a petition challenging appointment of Asma Hamid as Advocate General Punjab. The petitioner Javed Iqbal Jafree contended that Asma Hamid was appointed as Principal La
Published 31 May, 2018 12:00am
FCCI hosts Iftar-dinner

FCCI hosts Iftar-dinner

Faisalabad Chamber of Commerce & Industry (FCCI) hosted Iftar dinner which was attended by Divisional Commissioner, Deputy Commissioner and other top government functionaries in addition to the leading businessmen of the city. Shabbir Husain Chawla person
Published 31 May, 2018 12:00am
Nasirul Mulk, Khosa men of good repute: Shahbaz

Nasirul Mulk, Khosa men of good repute: Shahbaz

Punjab Chief Minister Shahbaz Sharif on Wednesday revealed that the PML-N leader Chaudhry Nisar Ali Khan was Nawaz Sharif's friend and he (Nisar) used to constantly complain about him to Nawaz. "Nisar was Mian Sahab's friend and my foe," the PML-N preside
Published 31 May, 2018 12:00am
Complaints of excessive billing pour in Lesco offices

Complaints of excessive billing pour in Lesco offices

The trend of over billing by the Lahore Electric Supply Company has resurfaced with rise in temperatures as a large number of consumers are visiting the Lesco offices for correction of their bills. It may be noted that the trend of over billing has been v
Published 31 May, 2018 12:00am
Study tour for Pakistani LEOs arranged in US

Study tour for Pakistani LEOs arranged in US

The American Consulate General Peshawar's Regional Security Office (RSO) and the American Embassy's International Narcotics and Law Enforcement Affairs Section (INL) hosted a six-day study tour in Boston, Massachusetts, for seven Pakistani Law Enforcement
Published 31 May, 2018 12:00am
PITB's exhibition begins today

PITB's exhibition begins today

The Punjab Information Technology Board (PITB) in collaboration with the Archives and Libraries Department, S&GAD, is opening nine-day exhibition on Thursday (today) at 3pm on "Fear and Vengeance in 1857," at Anarkali's Tomb, Civil Secretariat, Lahore, wh
Published 31 May, 2018 12:00am
Ittehad Chemicals Limited
Vegetable Oil

Ittehad Chemicals Limited

Ittehad Chemicals Limited (PSX: ICL) is a manufacturer of caustic soda. It was set up as United Chemicals in 1962 and nationalized and renamed as Ittehad Chemicals in 1971. It was later denationalized in 1995 and acquired by Chemi Group of Industries. ILC
Published 31 May, 2018 12:00am
Ittehad Chemicals Limited
Vegetable Oil

Ittehad Chemicals Limited

Ittehad Chemicals Limited (PSX: ICL) is a manufacturer of caustic soda. It was set up as United Chemicals in 1962 and nationalized and renamed as Ittehad Chemicals in 1971. It was later denationalized in 1995 and acquired by Chemi Group of Industries. ILC
Published 31 May, 2018 12:00am
Karachi to face serious water crisis: Farooq Sattar

Karachi to face serious water crisis: Farooq Sattar

MQM-Pakistan Leader Farooq Sattar on Wednesday has said that in the coming days, the biggest problem of the city will be the shortage of water. Addressing a press conference Farooq Sattar congratulated all the workers of MQM-Pakistan for having won the ki
Published 31 May, 2018 12:00am
PIAF urges government not to increasing oil prices

PIAF urges government not to increasing oil prices

The Pakistan Industrial and Traders Association Front (PIAF) has demanded of the government to restrain from increasing petroleum prices from June 1 in the larger interest of national economy and reject the Oil and Gas Regulatory Authority's summary in th
Published 31 May, 2018 12:00am
PM grieves over martyrdom of two army officials

PM grieves over martyrdom of two army officials

Prime Minister Shahid Khaqan Abbasi has expressed his grief over the loss of two precious lives of Pakistan Army officials who embraced martyrdom in Datakhel, North Waziristan on Wednesday after their vehicle struck an IED. The prime minister prayed for t
Published 31 May, 2018 12:00am
Neelum-Jhelum project's Unit-2 synchronized with national grid

Neelum-Jhelum project's Unit-2 synchronized with national grid

Consequent upon the completion of its mechanical-run tests, unit no 2 of Neelum Jhelum Hydropower Project has also been successfully synchronized Tuesday with the national grid. The unit has generated up to 185MW electricity on trial basis. The unit will
Published 31 May, 2018 12:00am
US MIDDAY: gold gains

US MIDDAY: gold gains

Gold prices edged higher on Wednesday as the dollar wilted after US data showed the US economy slowed slightly more than initially expected in the first quarter while political uncertainty lingered in Italy. US gross domestic product increased at a 2.2 pe
Published 31 May, 2018 12:00am
US MIDDAY: wheat retreats

US MIDDAY: wheat retreats

US wheat futures fell about 2 percent on Wednesday on a mix of profit-taking following 10-month highs established a day earlier and improving weather forecasts for US and Canadian spring wheat regions, analysts said. Corn futures hit a one-month low and s
Published 31 May, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold prices edged higher as data on Wednesday showed the US economy slowed slightly more than initially expected in its first quarter while political uncertainty lingered in Italy. US gross domestic product increased at a 2.2 percent annual rate, the Comm
Published 31 May, 2018 12:00am
Gold down in Asia
Currency

Gold down in Asia

Gold prices edged down on Wednesday as a robust US dollar weighed on the market, but concerns about political turmoil in Italy and Sino-US trade conflict limited losses. Spot gold was 0.2-percent lower at $1,296 per ounce by 0736 GMT.
Published 31 May, 2018 12:00am
Gold surges in New York

Gold surges in New York

Gold prices rose on Tuesday, but gains were limited as traders weighed a buoyant dollar against a deepening political crisis in Italy that provoked a second day of heavy selling on European financial markets. Italy's president set the country on a path to
Published 31 May, 2018 12:00am
Arabica coffee climbs to three-week high, sugar edges up
Currency

Arabica coffee climbs to three-week high, sugar edges up

Arabica coffee futures on ICE climbed to a three-week high on Wednesday with the rise gathering momentum after prices broke out of their recent narrow range while raw sugar prices were also higher. July arabica coffee was up 1.20 cents, or 1.0 percent, at
Published 31 May, 2018 12:00am
Malaysian palm oil rebounds from three-week low
Vegetable Oil

Malaysian palm oil rebounds from three-week low

Malaysian palm oil futures closed higher on Wednesday, rebounding from their weakest levels in over three weeks, as they tracked related oil prices in the Chinese market. The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange
Published 31 May, 2018 12:00am
Rubber falls

Rubber falls

Benchmark Tokyo rubber futures fell on Wednesday on Shanghai losses, amid revived fear of a trade war between the world's top two economies. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, were also pressu
Published 31 May, 2018 12:00am
Oil climbs over 2 percent as tight supplies in focus

Oil climbs over 2 percent as tight supplies in focus

Oil prices climbed surged on Wednesday, rebounding from a four-day slump as Russia's central bank expressed caution on plans to boost oil supply and analysts forecast a drawdown in US crude inventories. Brent settled up $2.11, or 2.8 percent, at $77.50 a
Published 31 May, 2018 12:00am
Iran's oil exports fall in May

Iran's oil exports fall in May

Iran's crude oil exports have declined slightly in May, according to estimates from a leading tanker-tracking company, in the first sign that the threat of US sanctions may be deterring buyers. The estimates from Geneva-based Petro-Logistics also suggest
Published 31 May, 2018 12:00am
Copper slips as US-China trade row feeds risk aversion

Copper slips as US-China trade row feeds risk aversion

Copper fell to a three-week low on Wednesday as jitters over the US-China trade stand-off kept up pressure on cyclical assets like industrial metals, already hurt this week by worries over political turmoil in Italy.
Published 31 May, 2018 12:00am
Shanghai copper drops

Shanghai copper drops

The most-traded July copper contract on the Shanghai Futures Exchange dropped nearly 1 percent to 51,110 yuan ($7,952) a tonne on Wednesday, a one-week low. Copper pressured by a firmer dollar and as Italy's deepening political crisis pulled investors out
Published 31 May, 2018 12:00am
Trump attacks attorney general as fight builds over Russia probe

Trump attacks attorney general as fight builds over Russia probe

President Donald Trump said Wednesday he regretted naming Jeff Sessions as attorney general, as pressure on the White House grows from a special counsel's probe into possible campaign collusion with Russia and obstruction of justice.
Published 31 May, 2018 12:00am
Trump breaks silence on Roseanne race row, attacks ABC

Trump breaks silence on Roseanne race row, attacks ABC

President Donald Trump on Wednesday broke his silence about the racism row engulfing supporter Roseanne Barr, not to condemn her outburst but to attack ABC television for broadcasting "horrible" statements against himself. The US network on Tuesday cancel
Published 31 May, 2018 12:00am
Calm returns after most severe Israel-Gaza flare-up in years

Calm returns after most severe Israel-Gaza flare-up in years

Calm returned to the Gaza Strip and nearby Israeli communities on Wednesday after the worst military flare-up since a 2014 war raised fears of yet another full-blown conflict in the beleaguered Palestinian enclave. The exchange of fire on Tuesday and into
Published 31 May, 2018 12:00am
Catalan president forms government without jailed, exiled ministers

Catalan president forms government without jailed, exiled ministers

Catalonia's separatist president signed a decree Tuesday nominating an administration that no longer includes jailed and exiled former ministers who backed its independence push, his office said in a statement. Spain's central government earlier this mont
Published 31 May, 2018 12:00am
China plane makes emergency landing after window cracks

China plane makes emergency landing after window cracks

An airplane flying from China to Vietnam turned back to make an emergency landing after cracks appeared in a window, just two weeks after another airliner's cockpit window broke mid-flight in the country, state media said Wednesday.
Published 31 May, 2018 12:00am
US philosopher Michael Sandel awarded top Spanish prize

US philosopher Michael Sandel awarded top Spanish prize

US philosopher Michael Sandel, a fierce critic of the influence of the business world on society, was awarded on Wednesday Spain's prestigious Princess of Asturias award for social sciences, with the jury describing him as "one of today's foremost intelle
Published 31 May, 2018 12:00am
British passenger dies in Turkey airport incident

British passenger dies in Turkey airport incident

A 30-year-old British man died in an incident at an airport terminal in southwest Turkey before he was to fly back to Britain, his airline said Wednesday. Turkish media reports said that the man fell to his death from the gate at Dalaman airport on Tuesda
Published 31 May, 2018 12:00am
Kim's right-hand man comes to US to prep summit

Kim's right-hand man comes to US to prep summit

Kim Jong Un's right-hand man was due in New York on Wednesday for talks with President Donald Trump's top diplomat as officials scramble to organize next month's historic nuclear summit between the North Korean and US leaders.
Published 31 May, 2018 12:00am
Anti-Kremlin journalist back from the dead as Ukraine admits set-up

Anti-Kremlin journalist back from the dead as Ukraine admits set-up

"Murdered" anti-Kremlin journalist Arkady Babchenko appeared alive and well at a press conference in Kiev on Wednesday as Ukraine admitted it had faked his death to expose an alleged Russian plot to kill him. Onlookers gasped and applauded as Babchenko ap
Published 31 May, 2018 12:00am
Iran sets sanctions waiver deadline for oil giant Total

Iran sets sanctions waiver deadline for oil giant Total

Iran's oil minister on Wednesday gave French energy giant Total 60 days to win a sanctions waiver from Washington or it would lose its stake in a multi-billion-dollar gas project. "Total has 60 days to negotiate with the US government," said Bijan Zangane
Published 31 May, 2018 12:00am
Operator of world's top internet hub sues German spy agency

Operator of world's top internet hub sues German spy agency

The operator of the world's largest internet hub challenged the legality of sweeping telecoms surveillance by Germany's spy agency, a German court heard Wednesday. The BND foreign intelligence service has long tapped international data flows through the D
Published 31 May, 2018 12:00am
Oil majors help FTSE recover after global sell-off

Oil majors help FTSE recover after global sell-off

A rebound by oil stocks helped Britain's blue-chip index recover from a global sell-off prompted by a political crisis in Italy and fresh fears of a trade war between the US and China. The UK's FTSE 100 ended up 0.75 percent on Wednesday after ending the
Published 31 May, 2018 12:00am
Hong Kong stocks hit three-week low
Currency

Hong Kong stocks hit three-week low

Hong Kong stocks fell to a three-week closing low on Wednesday, with investor sentiment dampened by the political crisis in Italy and renewed fears over a Sino-US trade war. The Hang Seng index fell 1.4 percent, to 30,056.79, while the China Enterprises I
Published 31 May, 2018 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower for a second day, weighed down by jittery global stocks on fears of repeat elections in the euro zone's third-largest economy, Italy, with investors trimming exposure to riskier assets. The broader NSE index closed 0.18 percent l
Published 31 May, 2018 12:00am
Italian stocks stage comeback in recovering European market

Italian stocks stage comeback in recovering European market

A robust bounceback in Italian stocks helped lift European equities on Wednesday as investors recovered from the previous day's sharp selloff and digested the possibility of a new Italian election as early as July. Italy's FTSE MIB index came back from th
Published 31 May, 2018 12:00am
China stocks fall most in over two months
Currency

China stocks fall most in over two months

China's major stock indexes fell the most in more than two months on Wednesday, with the Shanghai Composite Index hitting a 19-month closing low, amid a global selloff provoked by the political crisis in Italy and renewed US-China trade war fears. The blu
Published 31 May, 2018 12:00am
10-year Treasury yields drop

10-year Treasury yields drop

US benchmark 10-year Treasury yields posted their largest one-day drop on Tuesday since Britain voted to exit the European Union nearly two years ago, as a political crisis in Italy, the third-largest euro zone economy, fuelled a flight to safe-haven asse
Published 31 May, 2018 12:00am
10-year Treasury yields drop

10-year Treasury yields drop

US benchmark 10-year Treasury yields posted their largest one-day drop on Tuesday since Britain voted to exit the European Union nearly two years ago, as a political crisis in Italy, the third-largest euro zone economy, fuelled a flight to safe-haven asse
Published 31 May, 2018 12:00am
Wall Street falls on Italy worries; bank shares drop

Wall Street falls on Italy worries; bank shares drop

The S&P 500 and the Dow Jones Industrial Average registered their biggest one-day percentage drops in a month on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone and shares of US banks tumbled. Italy has been una
Published 31 May, 2018 12:00am
Tokyo stocks down
Currency

Tokyo stocks down

Tokyo stocks closed lower on Wednesday, extending falls on global bourses on fears about political uncertainty in Italy. The benchmark Nikkei 225 index lost 1.52 percent, or 339.91 points, to end at 22,018.52 while the broader Topix index was down 1.46 pe
Published 31 May, 2018 12:00am
Qatar leads Gulf down in quiet trade, QNB retreats from high

Qatar leads Gulf down in quiet trade, QNB retreats from high

Gulf stock markets mostly dropped on Wednesday in modest volumes, led by Qatar, where top lender Qatar National Bank (QNB) and several other blue-chips fell sharply on profit-taking. Qatar's index lost 2.3 percent as Qatar Islamic Bank (QIB) fell 4.7 perc
Published 31 May, 2018 12:00am
Aussie, kiwi Struggle

Aussie, kiwi Struggle

The Australian and New Zealand dollars struggled near two-week lows against the greenback on Wednesday but surged to four-month peaks against the euro as it took a severe beating from Italy's political turmoil. The Australian dollar held at 1.5383 per eur
Published 31 May, 2018 12:00am
Sterling rises from six-month low
Currency

Sterling rises from six-month low

Sterling recovered on Wednesday from a six-month low the previous day as currencies stabilised after Italy's political crisis sent shock waves through global financial markets. Purchasing managers' index data for the manufacturing sector on Friday will of
Published 31 May, 2018 12:00am
Most Asian currencies hit by sell-off over Italy
Currency

Most Asian currencies hit by sell-off over Italy

Most Asian currencies fell on Monday, with the Philippine peso weakening to its lowest in nearly 12 years, as Italy's deepening political crisis triggered a sell-off in global markets, rocked the euro and aided the dollar. Risk-off sentiment prevailed as
Published 31 May, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 83.70-83.70 (Previous 83.70-83.70).
Published 31 May, 2018 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee fell on Wednesday due to importer dollar demand following a holiday in the United States on Monday, while markets in the island nation were closed on Tuesday for a local holiday. The spot rupee closed at 158.20/30 per dollar, compared
Published 31 May, 2018 12:00am
Dollar, yen gain in New York
Currency

Dollar, yen gain in New York

Investors piled into safe-haven bets on Tuesday as political turmoil in Italy sparked fears of another euro crisis, driving up the Japanese yen and pushing the US dollar to a 10-month high against the euro. A deepening political crisis in Italy, the euro
Published 31 May, 2018 12:00am
Euro bounces off 10-month lows in Europe
Currency

Euro bounces off 10-month lows in Europe

The euro recovered on Wednesday from 10-month lows after reports that Italy's biggest party would make a renewed attempt to form a coalition government and end months of political turmoil. An attempt by two anti-establishment parties to form a new governm
Published 31 May, 2018 12:00am
Euro buried near multi-month low in Asia
Currency

Euro buried near multi-month low in Asia

The euro was buried near multi-month lows against major rivals on Wednesday as Italy's political crisis deepened, raising the likelihood of an early election that some market players fear could lead to a eurosceptic government in Rome. Sources close to so
Published 31 May, 2018 12:00am
EU wheat gains at 10-month high on weak euro

EU wheat gains at 10-month high on weak euro

European wheat futures extended gains on Tuesday to set a fresh 10-month high, as a weaker euro and dry weather concerns in some key world wheat-growing regions continued to buoy prices. December milling wheat, the most active contract on the Paris-based
Published 31 May, 2018 12:00am
Cotton prices firm on slow business
Cotton

Cotton prices firm on slow business

Prices showed firmness on the cotton market on Wednesday in the process of slow trading activity, dealers said. The official spot rate was unchanged at Rs 7,400, they added. In the ready session, only one deal of 2675 bales from Bahawalpur done at Rs 6700
Published 31 May, 2018 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 264,925 tonnes of cargo comprising 220,581 tonnes of import cargo and 44,344 tonnes of export cargo including 9,507 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 31 May, 2018 12:00am
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