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Print - 2014-07-27
Your rupee half year

Your rupee half year

Following currency fluctuations took place in foreign exchange rates during the last half year. (July 02 2013 to June 30, 2014).

Published 27 Jul, 2014 12:00am
The Weather

The Weather

The weather report on Saturday (July 26, 2014) and the forecast for Sunday (July 27, 2014).

Published 27 Jul, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 26, 2014).

Published 27 Jul, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (July 26, 2014) and for Sunday (July 27, 2014).
Published 27 Jul, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 26, 2014).

Published 27 Jul, 2014 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 26, 2014).

Published 27 Jul, 2014 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (July 26, 2014).

Published 27 Jul, 2014 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 26, 2014).

Published 27 Jul, 2014 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 26, 2014).

Published 27 Jul, 2014 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 26, 2014).

Published 27 Jul, 2014 12:00am
THE RUPEE: slight recovery

THE RUPEE: slight recovery

The rupee managed to recover marginally against the dollar and euro on the currency market on Saturday, dealers said. The rupee gained five-paisa versus the dollar for buying and selling at Rs 98.80 and Rs 99.00 respectively. It also picked up 50-paisa ag
Published 27 Jul, 2014 12:00am
THE RUPEE: slight recovery

THE RUPEE: slight recovery

The rupee managed to recover marginally against the dollar and euro on the currency market on Saturday, dealers said. The rupee gained five-paisa versus the dollar for buying and selling at Rs 98.80 and Rs 99.00 respectively. It also picked up 50-paisa ag
Published 27 Jul, 2014 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (July 26, 2014).

Published 27 Jul, 2014 12:00am
Brazil's coffee stocks rise to seven-year high

Brazil's coffee stocks rise to seven-year high

Coffee stocks in Brazil rose to a seven-year high earlier this year, the government said, the latest sign that farmers in the world's largest producer have stockpiled beans after the worst drought in decades raised concerns about supplies. Brazil had 15.2
Published 27 Jul, 2014 12:00am
European physical coal prices fall

European physical coal prices fall

European physical coal prices fell on Friday ending a week dominated by sharp price increases as traders closed long positions taken out this month. Cargoes for delivery in August to Amsterdam, Rotterdam and Antwerp (ARA) traded at $73.75 per tonne on the
Published 27 Jul, 2014 12:00am
China's gold imports from Hong Kong drop to 17-month low in June

China's gold imports from Hong Kong drop to 17-month low in June

China's net overseas purchases of gold through key conduit Hong Kong fell to a 17-month low in June as a weaker yuan curbed demand from the world's biggest bullion consumer and as direct imports through the mainland flourished. The fourth consecutive mont
Published 27 Jul, 2014 12:00am
Cotton market: mills on the sidelines ahead of holidays

Cotton market: mills on the sidelines ahead of holidays

Small business was seen on the cotton market on Saturday as leading mills were on the sidelines due to less buying interest, dealers said. The official spot rate held the overnight level at Rs 5800, they added. The prices of seed cotton in Sindh and Punja
Published 27 Jul, 2014 12:00am
No change on grain market

No change on grain market

According to the wholesale Grain Merchant Group, no change was witnessed in rates of commodities on the local grain market on Saturday as markets were closed on account of Shab-e-Quder.
Published 27 Jul, 2014 12:00am
Taiwan seeks to buy 80,900 tonnes of US wheat

Taiwan seeks to buy 80,900 tonnes of US wheat

The Taiwan Flour Millers' Association made no purchase in a tender for 80,900 tonnes of milling wheat to be sourced from the United States which closed on Friday, European traders said. Prices were regarded as too high, traders said. The tender had sought
Published 27 Jul, 2014 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canada canola futures rose on Friday in thin trading on weakness in the Canadian dollar, but finished with a small weekly loss. Canola was underpinned by struggling crops in parts of Western Canada that received too much rain earlier this month. Crop
Published 27 Jul, 2014 12:00am
CBOT wheat futures higher on bargain buying

CBOT wheat futures higher on bargain buying

Wheat futures on the Chicago Board of Trade closed higher on Friday on light bargain buying as the market consolidated above contract lows set this week, traders said. Gains capped by rising global wheat supplies and strong export competition from Black S
Published 27 Jul, 2014 12:00am
US natural gas futures fall 1.7 percent on mild weather forecasts

US natural gas futures fall 1.7 percent on mild weather forecasts

US natural gas futures fell for a sixth time in the last seven trading days on Friday, losing 1.7 percent, on forecasts for cooler-than-normal weather over the next two weeks during what should be the hottest days of the year. Front-month gas futures on t
Published 27 Jul, 2014 12:00am
Turkey buys wheat, barley

Turkey buys wheat, barley

Turkish state grain agency TMO has purchased 165,000 tonnes of milling wheat and 65,000 tonnes of animal feed barley in an international tender, European traders said on Friday. The import tender, which closed on Thursday, sought those same amounts of whe
Published 27 Jul, 2014 12:00am
US spring wheat yield prospects best in 22 years

US spring wheat yield prospects best in 22 years

The 2014 US hard red spring wheat crop was projected to yield 48.6 bushels per acre, scouts on an annual crop tour said Thursday, exceeding the tour's 2013 forecast of 44.9 and the tour's prior five-year average of 44.7 bushels per acre. Scouts on the Whe
Published 27 Jul, 2014 12:00am
Palm oil falls on European vegoils market

Palm oil falls on European vegoils market

Palm oil on the European vegetable oils market fell slightly on Friday, tracking easier Malaysian palm oil futures on lower than expected exports during the first 25 days of July. The Malaysian palm oil futures market will be closed for end of Ramazan cel
Published 27 Jul, 2014 12:00am
Indian oilseeds, soyaoil futures drop

Indian oilseeds, soyaoil futures drop

Indian oilseeds and soyaoil futures dropped on Friday following weakness in overseas markets and on sluggish exports of soyameal. Chicago new-crop soyabeans edged lower, giving up some recent gains struck on concerns over dry US weather and strong end-use
Published 27 Jul, 2014 12:00am
Western European wheat prices ease

Western European wheat prices ease

Western European wheat prices eased on Friday in subdued trading as the market waited to have a clearer picture of the harvest after reports this week of poor wheat quality in France. November milling wheat on the Euronext market was down 0.75 euros or 0.
Published 27 Jul, 2014 12:00am
US FOB Gulf wheat basis offers firm

US FOB Gulf wheat basis offers firm

US FOB Gulf wheat basis offers were firm for nearby loadings after the close on Friday with disruptions out of the Pacific Northwest supporting prices, traders said. Corn and soyabean basis were unchanged with a firm tone after last week's heavy export co
Published 27 Jul, 2014 12:00am
China's booming soyameal exports to drop on higher domestic demand

China's booming soyameal exports to drop on higher domestic demand

China's overseas sales of soyameal, which doubled in the first half of this year, are likely to take a hit as improving soyabean processing margins and higher demand for animal feed at home leave less supplies available for exports. Lower Chinese volumes
Published 27 Jul, 2014 12:00am
Colombia, Panama reopen stalled electricity project

Colombia, Panama reopen stalled electricity project

Colombia and Panama on Friday agreed to resurrect a stalled electricity transmission line project between the two countries that would also supply power to the rest of Central America. "We hope that by the beginning of 2018, we could have connected Panama
Published 27 Jul, 2014 12:00am
Debenhams announces Mothercare's Matt Smith will become CFO

Debenhams announces Mothercare's Matt Smith will become CFO

Britain's No 2 department store Debenhams Plc said on Saturday it had appointed Matt Smith, formerly of Mothercare, as its Chief Financial Officer. Smith will replace Simon Herrick, who resigned when Debenhams issued its second profit warning in less than
Published 27 Jul, 2014 12:00am
Tyson Foods to shut 3 factories, cut 950 jobs

Tyson Foods to shut 3 factories, cut 950 jobs

Tyson Foods Inc said it will discontinue operations at three of its factories which make processed meat products such as sausages and hot dogs, affecting about 950 people. The largest US meat processor, which won the bidding war for Hillshire Brands Co in
Published 27 Jul, 2014 12:00am
Asian economies to struggle on weak export demand

Asian economies to struggle on weak export demand

The outlook for emerging Asia has dimmed further this year on weak demand for exports, although growth in India is expected to accelerate into 2015 even as China is held back in part by a slowing property market, Reuters polls showed. China and India have
Published 27 Jul, 2014 12:00am
Nissan expands US recall of cars

Nissan expands US recall of cars

Nissan Motor Co has expanded by 226,326 vehicles a recall of older models equipped with defective air bags made by Japan's Takata Corp, Nissan said in an amended filing posted Saturday by US safety regulators. At least nine automakers, including Nissan, h
Published 27 Jul, 2014 12:00am
Germany to reject EU-Canada trade deal

Germany to reject EU-Canada trade deal

Germany is to reject a multi-billion free trade deal between the European Union and Canada which is widely seen as a template for a bigger agreement with the United States, a leading German paper reported on Saturday. Citing diplomats in Brussels, the Sue
Published 27 Jul, 2014 12:00am
Swiss banks face lower fines than feared in US tax case

Swiss banks face lower fines than feared in US tax case

About 80 of the 106 Swiss banks that signed up for a deal with US tax authorities could be fined less than they had feared for their role in helping wealthy Americans cheat on their taxes, but must widen their co-operation, a Swiss newspaper reported.
Published 27 Jul, 2014 12:00am
Swiss banks face lower fines than feared in US tax case

Swiss banks face lower fines than feared in US tax case

About 80 of the 106 Swiss banks that signed up for a deal with US tax authorities could be fined less than they had feared for their role in helping wealthy Americans cheat on their taxes, but must widen their co-operation, a Swiss newspaper reported.
Published 27 Jul, 2014 12:00am
Air France surprises with speed of recovery

Air France surprises with speed of recovery

Air France-KLM is climbing well away from financial crisis, the airline group said Friday, releasing results that show a cut in losses and sharp rise in operating profits. The speed of the turnaround surprised analysts, and shares in the airline, the seco
Published 27 Jul, 2014 12:00am
Brazil regulator approves Petrobras plan

Brazil regulator approves Petrobras plan

Brazil's oil regulator ANP approved a plan by the country's state-run oil company Petroleo Brasileiro SA to renew its development plan for Brazil's Marlim offshore oil field, one of the country's largest, an ANP director said on Friday. Petrobras, as the
Published 27 Jul, 2014 12:00am
Japanese Prime Minister opens LatAm tour with Mexico energy deals

Japanese Prime Minister opens LatAm tour with Mexico energy deals

Japanese Prime Minister Shinzo Abe struck a series of energy deals Friday with Mexican President Enrique Pena Nieto at the start of a five-country Latin American tour. Abe, whose visit to the region comes on the heels of Chinese President Xi Jinping's, me
Published 27 Jul, 2014 12:00am
AT&T's new device financing plan weighs on revenue

AT&T's new device financing plan weighs on revenue

AT&T Inc's quarterly revenue rose a weaker than expected 1.6 percent as cheaper service plans offered to customers who forgo subsidised cellular phones cut into margins. Faced with mounting pressure from competitors, AT&T has unbundled service and device
Published 27 Jul, 2014 12:00am
AT&T's new device financing plan weighs on revenue

AT&T's new device financing plan weighs on revenue

AT&T Inc's quarterly revenue rose a weaker than expected 1.6 percent as cheaper service plans offered to customers who forgo subsidised cellular phones cut into margins. Faced with mounting pressure from competitors, AT&T has unbundled service and device
Published 27 Jul, 2014 12:00am
Eurozone may discuss early Irish bailout repayment to IMF

Eurozone may discuss early Irish bailout repayment to IMF

Eurozone finance ministers are likely to discuss in September whether to allow Ireland to repay its more expensive bailout loans from the International Monetary Fund before paying back the euro zone bailout fund, a euro zone official said. When it was cut
Published 27 Jul, 2014 12:00am
Banks to provision earlier on bad loans under new global rule

Banks to provision earlier on bad loans under new global rule

Banks must provision for souring loans much earlier under an international rule published on Thursday that will take effect in 2018, a decade after a global financial crisis the accounting reform seeks to stop recurring. The collapse of Lehman Bros in 200
Published 27 Jul, 2014 12:00am
Former Peru spymaster's jewellery haul to be auctioned

Former Peru spymaster's jewellery haul to be auctioned

An Aladdin's cave of jewellery and trinkets belonging to Peru's jailed former intelligence chief could fetch more than $1 million when it is auctioned off next month, the government said Saturday. A diamond-encrusted gold watch, 76 pairs of gold cufflinks
Published 27 Jul, 2014 12:00am
BSkyB to pay $9 billion to create Sky Europe

BSkyB to pay $9 billion to create Sky Europe

Britain's BSkyB has agreed to pay $9 billion to buy Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers. BSkyB, in which Murdoch's 21st Century Fox is also
Published 27 Jul, 2014 12:00am
BSkyB to pay $9 billion to create Sky Europe

BSkyB to pay $9 billion to create Sky Europe

Britain's BSkyB has agreed to pay $9 billion to buy Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers. BSkyB, in which Murdoch's 21st Century Fox is also
Published 27 Jul, 2014 12:00am
Argentine default looms as time runs out for debt deal

Argentine default looms as time runs out for debt deal

Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with "holdout" investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can't be discounted. Latin Ame
Published 27 Jul, 2014 12:00am
Argentine default looms as time runs out for debt deal

Argentine default looms as time runs out for debt deal

Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with "holdout" investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can't be discounted. Latin Ame
Published 27 Jul, 2014 12:00am
Apple iPhones allow extraction of deep personal data

Apple iPhones allow extraction of deep personal data

Personal data including text messages, contact lists and photos can be extracted from iPhones through previously unpublicised techniques by Apple Inc employees, the company acknowledged this week. The same techniques to circumvent backup encryption could
Published 27 Jul, 2014 12:00am
China regulator says scandal-hit food supplier forged production dates

China regulator says scandal-hit food supplier forged production dates

Regulators in Shanghai have found that scandal-hit China-based food supplier forged production dates on some of its products and sold them after their expiry, the official Xinhua news agency reported on Saturday. Shanghai Husi Food, which is owned by Illi
Published 27 Jul, 2014 12:00am
Goldman mortgage deal with federal agency could reach $1.25 billion

Goldman mortgage deal with federal agency could reach $1.25 billion

A deal to resolve a US regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a pers
Published 27 Jul, 2014 12:00am
Goldman mortgage deal with federal agency could reach $1.25 billion

Goldman mortgage deal with federal agency could reach $1.25 billion

A deal to resolve a US regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a pers
Published 27 Jul, 2014 12:00am
Spanish yields hit record low before bumper debt repayments

Spanish yields hit record low before bumper debt repayments

Spanish bond yields fell to record lows on Friday on expectations that 60 billion euros ($81 billion) worth of debt and coupon repayments from Spain and Italy will be reinvested in those markets next week. A downbeat Ifo German business survey rekindled s
Published 27 Jul, 2014 12:00am
Spanish yields hit record low before bumper debt repayments

Spanish yields hit record low before bumper debt repayments

Spanish bond yields fell to record lows on Friday on expectations that 60 billion euros ($81 billion) worth of debt and coupon repayments from Spain and Italy will be reinvested in those markets next week. A downbeat Ifo German business survey rekindled s
Published 27 Jul, 2014 12:00am
El Pollo Loco shares go crazy in debut, fly 32 percent

El Pollo Loco shares go crazy in debut, fly 32 percent

Shares of El Pollo Loco Holdings Inc rose as much as 32 percent in their market debut as investors tucked into the offering, betting on the growing popularity of the restaurant chain's fire-grilled chicken. El Pollo's shares rose to $19.84 in morning trad
Published 27 Jul, 2014 12:00am
El Pollo Loco shares go crazy in debut, fly 32 percent

El Pollo Loco shares go crazy in debut, fly 32 percent

Shares of El Pollo Loco Holdings Inc rose as much as 32 percent in their market debut as investors tucked into the offering, betting on the growing popularity of the restaurant chain's fire-grilled chicken. El Pollo's shares rose to $19.84 in morning trad
Published 27 Jul, 2014 12:00am
Gold miners, banks push TSX to record close

Gold miners, banks push TSX to record close

Canada's main stock index showed no signs of slowing its ascent into uncharted territory on Friday, with gold miners and banks helping it to another record close and a 1.2 percent gain in a week of all-time highs. With the Toronto Stock Exchange's S&P/TSX
Published 27 Jul, 2014 12:00am
Bridgepoint's Fat Face scraps listing

Bridgepoint's Fat Face scraps listing

British clothing chain Fat Face said on Thursday it had called off a planned 110-million-pound ($186 million) London stock market listing, as investors become more choosy due to a flood of flotations. The company, which is owned by European private equity
Published 27 Jul, 2014 12:00am
Bridgepoint's Fat Face scraps listing

Bridgepoint's Fat Face scraps listing

British clothing chain Fat Face said on Thursday it had called off a planned 110-million-pound ($186 million) London stock market listing, as investors become more choosy due to a flood of flotations. The company, which is owned by European private equity
Published 27 Jul, 2014 12:00am
South Korea's Spackman surges 54 percent in Singapore debut

South Korea's Spackman surges 54 percent in Singapore debut

A South Korean film producer whose hits include the 2013 action thriller "Snowpiercer" saw its shares jump 54 percent on its debut on the Singapore stock market on Tuesday. Spackman Entertainment Group Ltd began trading on the Catalist, Singapore's small
Published 27 Jul, 2014 12:00am
South Korea's Spackman surges 54 percent in Singapore debut

South Korea's Spackman surges 54 percent in Singapore debut

A South Korean film producer whose hits include the 2013 action thriller "Snowpiercer" saw its shares jump 54 percent on its debut on the Singapore stock market on Tuesday. Spackman Entertainment Group Ltd began trading on the Catalist, Singapore's small
Published 27 Jul, 2014 12:00am
ING bank launches IPO for Dutch insurance giant

ING bank launches IPO for Dutch insurance giant

Leading Dutch bank ING announced on Thursday it was offering a minority public stake in its NN Group insurance business, in the final stage of restructuring imposed after a government bail-out following the 2008 banking crisis. "ING today confirms the int
Published 27 Jul, 2014 12:00am
ING bank launches IPO for Dutch insurance giant

ING bank launches IPO for Dutch insurance giant

Leading Dutch bank ING announced on Thursday it was offering a minority public stake in its NN Group insurance business, in the final stage of restructuring imposed after a government bail-out following the 2008 banking crisis. "ING today confirms the int
Published 27 Jul, 2014 12:00am
Goldman Sachs downgrades stocks to neutral for short term

Goldman Sachs downgrades stocks to neutral for short term

Goldman Sachs downgraded its global equities allocation to neutral on a short-term basis on Friday, even though the brokerage remains overweight stocks for the longer term. The firm said in a research note it is worried that a rise in rates will drive sto
Published 27 Jul, 2014 12:00am
Goldman Sachs downgrades stocks to neutral for short term

Goldman Sachs downgrades stocks to neutral for short term

Goldman Sachs downgraded its global equities allocation to neutral on a short-term basis on Friday, even though the brokerage remains overweight stocks for the longer term. The firm said in a research note it is worried that a rise in rates will drive sto
Published 27 Jul, 2014 12:00am
Zimbabwe plans to list bourse in bid to attract investors

Zimbabwe plans to list bourse in bid to attract investors

Zimbabwe will halve its stake in the local bourse as part of a plan to float the company and attract more foreign capital into the country, the finance minister said on Monday. The government will cut its stake in the Zimbabwe Stock Exchange (ZSE) to 16 p
Published 27 Jul, 2014 12:00am
US bonds buoyed by stocks drop

US bonds buoyed by stocks drop

US Treasury debt prices jumped on Friday, with long maturities getting the largest lift from investors exiting drooping stock markets and positioning portfolios ahead of a Federal Reserve policymakers' meeting next week. Prices, including sharp gains that
Published 27 Jul, 2014 12:00am
US bonds buoyed by stocks drop

US bonds buoyed by stocks drop

US Treasury debt prices jumped on Friday, with long maturities getting the largest lift from investors exiting drooping stock markets and positioning portfolios ahead of a Federal Reserve policymakers' meeting next week. Prices, including sharp gains that
Published 27 Jul, 2014 12:00am
Wall Street closes lower on Amazon, Visa

Wall Street closes lower on Amazon, Visa

US stocks closed lower on Friday in a broad consumer discretionary-led selloff after Visa and Amazon, a pair of closely watched bellwether names, reported disappointing results. While the S&P 500 found support at its 14-day moving average, suggesting a re
Published 27 Jul, 2014 12:00am
African currencies likely to gain on month-end demand

African currencies likely to gain on month-end demand

Summer holidays in west Africa should slow demand for the dollar, allowing the naira to gain some ground next week, while the usual month-end buying of local currencies is expected to buoy African units in general.
Published 27 Jul, 2014 12:00am
Angry Bitcoin investors demand answers at Tokyo creditors' meet

Angry Bitcoin investors demand answers at Tokyo creditors' meet

Bitcoin investors voiced anger Wednesday after the first creditors' meeting for failed Tokyo trading exchange MtGox, whose spectacular collapse hammered the digital currency's reputation and left a trail of unanswered questions. More than 100 investors, m
Published 27 Jul, 2014 12:00am
Sri Lankan rupee gains

Sri Lankan rupee gains

The Sri Lankan rupee rose on Friday, helped by heavy inward remittances for the Ramazan festival and exporter dollar sales, while dollar buying by a state bank prevented any sharp appreciation. The rupee ended at 130.20/25 per dollar, firmer from Thursday
Published 27 Jul, 2014 12:00am
Russia sanctions fear may see sterling dip against Swissie

Russia sanctions fear may see sterling dip against Swissie

Sterling may have some room to fall versus the Swiss franc if fear of tougher sanctions sees Russian investors shift cash from Britain to Switzerland. Russian investors, who have poured capital into Britain, notably into its high-end real estate, will hav
Published 27 Jul, 2014 12:00am
Dollar hits eight-month high against euro on weak German Ifo

Dollar hits eight-month high against euro on weak German Ifo

The US dollar hit an eight-month high against the euro on Friday after weak data on German business sentiment heightened concerns that geopolitical tensions were weighing on the euro zone economy. Germany's Ifo business climate index, based on a monthly s
Published 27 Jul, 2014 12:00am
Ivory Coast plans to tap international debt markets in 2015

Ivory Coast plans to tap international debt markets in 2015

Ivory Coast plans to tap international debt markets again next year, the minister in charge of finance and the economy said on Friday, after strong interest in a 10-year Eurobond issue this month allowed it to increase the amount to $750 million. Ivory Co
Published 27 Jul, 2014 12:00am
Ivory Coast plans to tap international debt markets in 2015

Ivory Coast plans to tap international debt markets in 2015

Ivory Coast plans to tap international debt markets again next year, the minister in charge of finance and the economy said on Friday, after strong interest in a 10-year Eurobond issue this month allowed it to increase the amount to $750 million. Ivory Co
Published 27 Jul, 2014 12:00am
Speculators add dollar net longs

Speculators add dollar net longs

Speculators increased their bullish bets on the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $14.12 billion in the week ended July 22,
Published 27 Jul, 2014 12:00am
Ethiopia should consider currency devaluation: World Bank

Ethiopia should consider currency devaluation: World Bank

Ethiopia should consider devaluing its currency to boost exports as they are mostly unprocessed products and need to stay competitive on price, a World Bank economist said on Tuesday. Ethiopia, whose main exports are coffee, horticultural products, oilsee
Published 27 Jul, 2014 12:00am
Canadian dollar hits a one-month low

Canadian dollar hits a one-month low

The Canadian dollar hit a more than one-month low against the greenback on Friday, capping an otherwise staid week with a sharp drop as it got caught in a wide US dollar rally. The Canadian dollar was modestly weaker in morning trading following better-th
Published 27 Jul, 2014 12:00am
British teacher kidnapped in Yemen released

British teacher kidnapped in Yemen released

A British teacher kidnapped in Yemen earlier this year was released safely on Saturday following negotiations by the government in Sanaa, the Foreign Office in London said. "Mike Harvey, who had been held in Yemen since February, has been released today,"
Published 27 Jul, 2014 12:00am
Gunmen stop minibuses, kill at least 14 in Afghanistan

Gunmen stop minibuses, kill at least 14 in Afghanistan

Gunmen intercepted two minibuses travelling through central Afghanistan and killed at least 14 passengers overnight, officials said on Friday. Local officials in the remote, mountainous province of Ghor said most of the passengers were from the ethnic Haz
Published 27 Jul, 2014 12:00am
India's foreign minister meets Nepal leaders in bid to renew ties

India's foreign minister meets Nepal leaders in bid to renew ties

India's foreign minister Sushma Swaraj met with Nepal's top leaders Saturday during a visit to expand New Delhi's engagement with a neighbourhood increasingly drawn to China. Swaraj's trip, which follows a visit last month to Bangladesh, is part of an ong
Published 27 Jul, 2014 12:00am
North Korea fires short-range missile into sea

North Korea fires short-range missile into sea

North Korea fired a short-range missile into the sea on Saturday, the 15th time it has launched rockets this year, the South's Yonhap news agency reported. South Korea's Joint Chiefs of Staff in a statement said the North "fired a short-range missile pres
Published 27 Jul, 2014 12:00am
Afghan vote audit suspended again over disagreement

Afghan vote audit suspended again over disagreement

Afghanistan's election commission on Saturday once again suspended the auditing process of 8.1 million votes cast in the presidential run-off poll, after the two candidates failed to agree on the procedure for invalidating fraudulent votes.
Published 27 Jul, 2014 12:00am
China denounces UK parliament's inquiry into Hong Kong affairs

China denounces UK parliament's inquiry into Hong Kong affairs

China denounced the launch of a British parliamentary inquiry into the affairs of Hong Kong that has begun 30 years after the two countries agreed on the return of the financial hub to Beijing. Earlier this week, British parliament's Foreign Affairs Commi
Published 27 Jul, 2014 12:00am
First MH17 crash victims identified

First MH17 crash victims identified

Forensic experts have identified the first of 298 people killed when flight MH17 which was shot down over Ukraine last week, the Dutch government said on Saturday. "Today the first victim of the flight MH17 disaster was identified," the justice ministry s
Published 27 Jul, 2014 12:00am
Jihadists seize Syria army base, behead soldiers

Jihadists seize Syria army base, behead soldiers

Islamic State fighters have seized a Syrian army base in the northern province of Raqa, killing scores of troops and beheading some of them, a monitoring group said Saturday. The takeover of the base of Division 17 came as the UN Commission of Inquiry on
Published 27 Jul, 2014 12:00am
Mortar attack kills four children in Egypt's Sinai: security

Mortar attack kills four children in Egypt's Sinai: security

Egypt summoned the Turkish charge d'affaires on Saturday for the second time in a month to complain about comments by Prime Minister Tayyip Erdogan deemed insulting to the leadership in Cairo, the Egyptian Foreign Ministry said. In an interview with broad
Published 27 Jul, 2014 12:00am
Egypt summons Turkish envoy for second time over Erdogan comments

Egypt summons Turkish envoy for second time over Erdogan comments

Four children were killed on Saturday in Egypt's Sinai Peninsula when a mortar round hit their home, in an apparent attack by militants targeting soldiers, security officials said. The attack took place in the northern Sinai town of El-Joura, believed to
Published 27 Jul, 2014 12:00am
Detained CNN journalist freed in Ukraine

Detained CNN journalist freed in Ukraine

A freelance Ukrainian journalist who was detained by pro-Russian separatists while working for the US news network CNN has been freed, the broadcaster said Saturday. CNN said news producer Anton Skiba, who was captured by armed men outside a hotel in the
Published 27 Jul, 2014 12:00am