News Archives for Print - 2015-01-12

The Weather

The weather report on Sunday (December 28, 2015) and the forecast for Monday (December 29, 2015).

Published 12 Jan, 2015 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (January to June 2014)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 12 Jan, 2015 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 05 to 09, 2015).

Published 12 Jan, 2015 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 12 Jan, 2015 12:00am

PAKWHEELS AUTOMOBILE INDUSTRY SURVEY 2014

Proud to be Pakistan's top automobile portal, PakWheels.corn has always been on a mission to bridge the gap between stakeholders and consumers of the automobile industry. With the trust of over 40% of Pakistan's internet population we take great pride in

Published 12 Jan, 2015 12:00am

Bilateral trade links: office of PTBA being established in Faisalabad

Office of the Pak-Turk Businessmen Association (PTBA) is being established in Faisalabad to bolter bilateral trade links in addition to helping Pakistani exporters to have enhanced access to international markets already explored by the Turkish businessme

Published 12 Jan, 2015 12:00am

Great business and investment opportunities between Zambia and Pakistan: Managing Director, Investrust Bank, Zambia

BR Research: Investrust Bank and AutoSoft Dynamics have been working together for two decades. How did a Zambian bank and a Pakistani IT company come to establish such a long-term and persevering relationship?

Published 12 Jan, 2015 12:00am

Great business and investment opportunities between Zambia and Pakistan: Managing Director, Investrust Bank, Zambia

BR Research: Investrust Bank and AutoSoft Dynamics have been working together for two decades. How did a Zambian bank and a Pakistani IT company come to establish such a long-term and persevering relationship?

Published 12 Jan, 2015 12:00am

Political, military leadership on the same page

The political parties that adopted a unanimous National Action Plan (NAP) against terrorism must be full of praise for the army chief for directing all the concerned under his stewardship in army and intelligence agencies to initiate an action on an urgen

Published 12 Jan, 2015 12:00am

Weighing the costs for Europe if Greece exits the euro

A Greek exit from the eurozone would certainly come at a cost to Europe, but just how expensive would it be? The amount Athens owes its partners is equivalent to just a tiny fraction of the eurozone's economy, but some analysts are still worried that a 'G

Published 12 Jan, 2015 12:00am

It's more than just an 'image problem'

Pakistan has long been plagued with what we here like to call an 'image problem'. Many efforts have been made in the past (and continue to be made) to rectify this. Previous governments have even engaged international public relations agencies to try to p

Published 12 Jan, 2015 12:00am

The IMF report

The International Monetary Fund (IMF) in its fourth and fifth review maintained that the 6.64 billion dollar Extended Fund Facility (EFF) was broadly on track. The review report was uploaded on its website after the IMF Board approved the two tranches (on

Published 12 Jan, 2015 12:00am

Electoral coup against Rajapaksa

A strange paradox indeed - the very triumph over the Tamil Tigers that helped Mahenda Rajapaksa win the last presidential election has handed him an electoral defeat now. It is mainly the Tamil vote which tilted the electoral balance in favour of his riva

Published 12 Jan, 2015 12:00am

Limiting banks' capacity towards settlements

According to the latest instructions of the State Bank, financial institutions have been barred from carrying out settlements with defaulters without obtaining a No-Objection Certificates (NOCs) from the Chairman, National Accountability Bureau (NAB). As

Published 12 Jan, 2015 12:00am

Training workshop organised for midwives of Fata

A ten-day refresher course/training workshop was conducted for community mid-wives (CMW) from various agencies of Federally Administered Tribal Areas. The workshop titled: "Technical Skill refresher and Entrepreneurship training for Community Midwives", h

Published 12 Jan, 2015 12:00am

Dar reviews performance of IERU

Minister for Finance Ishaq Dar held a meeting with Implementation and Economic Reforms Unit (IERU) of the Finance Division here on Sunday. Finance Secretary, senior officers of Finance Division, Director General (IERU), and IERU officers participated in t

Published 12 Jan, 2015 12:00am

PESCO seeks consumers' cooperation in energy conservation

Peshawar Electricity Supply Company (PESCO) has asked consumers for conserving maximum energy in the current power shortage to provide stable power supply to all the consumers. In a statement issued here Sunday, a spokesman of the power distribution compa

Published 12 Jan, 2015 12:00am

Coach-trawler collision claims three lives

As many as three people were killed and 15 others injured in a collision between a coach and trailer on National Highway in Naushero Feroze, here on Sunday. Two children are also among the dead. Both the drivers managed to escape after the accident.

Published 12 Jan, 2015 12:00am

Seven killed in Hub road accident

A van carrying wedding guests overturned near Uthal area on Sunday, leaving seven people dead and seven others wounded. Four children are among the seven victims. The bus was going to Karachi from Ornach town of Khuzdar district. Bridegroom was also inure

Published 12 Jan, 2015 12:00am

KP government urged to expedite utilisation of ADP fund

Centre for Governance and Public Accountability (CGPA) has urged the government of Khyber Pakhtunkhwa to expedite utilisation of development budgets allocated under Annual Development Programme (ADP). Out of total allocation of Rs140.23 Billion under KP A

Published 12 Jan, 2015 12:00am

Free, compulsory education: KP government urged to fulfil constitutional obligations

Participants at a launching campaign regarding informal education urged the provincial government to fulfil its constitutional obligations regarding access to free and compulsory education for all, under relevant Article 25-A in the province, termed the e

Published 12 Jan, 2015 12:00am

Prices of food grains, other essential items further decline

The effects of lower oil prices are subsequently observed with passage time, as prices of food grains and other essential commodities of daily usage; except retaining high rates of meat, chicken and flour, further fell in wholesale and retail market. Trad

Published 12 Jan, 2015 12:00am

MQM holds protest rally in Multan

The Muttahida Qaumi Movement (MQM) on Sunday staged a demonstration in front of Multan Press Club to mourn the custodial death of MQM activists. Many party supporters gathered outside the Multan Press Club and demanded that killers of the innocent victims

Published 12 Jan, 2015 12:00am

Marketing head of JS Bank awarded Brand Scientist Award 2014

JS Bank, as part of its relentless commitment to continue providing the best possible services to its valuable clients, has been at the forefront of technological advancements within the banking industry. The Marketing head of JS Bank has been recognised

Published 12 Jan, 2015 12:00am

One killed in city

A man was killed while another injured in separate incidents here on Sunday. According to police and rescue sources, Sajjad Gul was shot and killed by unidentified man in Nazimabad No-1. The body was shifted to Abbasi Shaheed Hospital (ASH) for medico-leg

Published 12 Jan, 2015 12:00am

One size doesn't fit all: unique passwords are key to online privacy

Just like in real life, there's no such thing as absolute security online. Nonetheless, one can improve one's odds with the best passwords possible. But the best ones are often the ones that are hardest to remember. That means coming up with some tricks t

Published 12 Jan, 2015 12:00am

Virtual reality enters a new dimension

Welcome to "The Matrix"? Not quite, but new technologies are pushing ultra-convincing virtual realities out of the realm of science fiction and into the now. Some of this new tech was displayed at the Consumer Electronics Show in Las Vegas this week, incl

Published 12 Jan, 2015 12:00am

Take good care of your Apple ID recovery key, or else, analysts warn

Recent steps have made it much harder for outsiders to gain access to data locked away by a person's Apple ID. But owners of the data run the risk of getting locked out themselves if they don't keep good track of their recovery key, The Next Web is warnin

Published 12 Jan, 2015 12:00am

Google loses US search share, Yahoo on rise

Google saw its share of the US Internet search market slip to its lowest ever mark, while Yahoo notched its highest share in five years, an independent analytics firm said Thursday. In December, Google handled 75.2 percent of US online search referrals, d

Published 12 Jan, 2015 12:00am

'Smart pot' watches over house plants

Parrot is ramping up its Flower Power with a pot that not only detects whether plants have enough light and fertilizer, but waters them as needed. A Parrot "smart pot" is heading for global release this year at a price yet to be revealed by the Paris-base

Published 12 Jan, 2015 12:00am

Highlights from the 2015 Consumer Electronics Show

Here are 10 key highlights from the 2015 Consumer Electronics Show, which wrapped up Friday in Las Vegas:

Published 12 Jan, 2015 12:00am

Mobile app for Halal foodies

A Singapore-based company on Wednesday launched a mobile application that enables Muslim foodies and travellers to share Halal restaurant discoveries around the world. The free "HalalTrip" app, available for Apple iOS and Android devices, enables users to

Published 12 Jan, 2015 12:00am

Intel CEO says computing 'unleashed' by wearables

Intel chief executive Brian Krzanich said Tuesday that computing is being "unleashed" by the move to wearables as the tech giant unveiled a button-sized device for new connectivity. Speaking at a keynote at the huge Consumer Electronics Show in Las Vegas,

Published 12 Jan, 2015 12:00am

Make your tablet or smartphone room-friendly

You might love reading from your tablet or mobile phone before going to sleep, but the person with whom you share a bed might be less than enamoured by the light, which can be as bright as that from a lamp. To avoid disturbing a partner's sleep - to say n

Published 12 Jan, 2015 12:00am

Wireless recharging for tablets within months

The days when you will be able to charge your tablet without cables is coming, thanks to recent upgrades to chips using the Qi standard, which allows up to 15 watts of charging power, reports semiconductor maker Freescale. The company says the new chips w

Published 12 Jan, 2015 12:00am

Healthy obesity does not last: study

People who are obese may appear healthy for a while but their condition declines over time, said a study that followed more than 2,500 people for 20 years. The research by scientists at University College London is the longest of its kind, and its finding

Published 12 Jan, 2015 12:00am

Whole grains lower heart disease risk

People who eat more whole grains are more likely to live longer and avoid heart disease, but such a diet does not affect risk of dying from cancer, said a US study released on January 05. The findings by researchers at Harvard University appear in the Jou

Published 12 Jan, 2015 12:00am

Combination therapy shows promise in early breast tumours

Treatment combining low-dose chemotherapy and the targeted drug trastuzumab showed promise in women with early stage breast cancer of a type called HER2-positive, US researchers said on January 07.

Published 12 Jan, 2015 12:00am

'Small screens' prevent kids from sleeping

Children who have access to tablets or smartphones in their bedrooms get less sleep than children who do not have the devices with them at night, a US study said on January 05.

Published 12 Jan, 2015 12:00am

El Nino indicators ease over recent weeks: Australian BOM

Pacific Ocean temperatures have cooled over the last two weeks, easing away from El Nino thresholds, the Australian Bureau of Meteorology (BOM) said on January 06. Ocean temperatures have oscillated near El Nino thresholds for several months but over rece

Published 12 Jan, 2015 12:00am

Leave coal and oil in ground for climate's sake!

The Middle East must leave 40 percent of its oil reserves in the ground, and China, the US and Russia most of their coal if global warming is to be curbed, researchers said on January 07. Globally, a third of oil, half of gas and over 80 percent of coal r

Published 12 Jan, 2015 12:00am

Years-long 'silent quake' unleashed Fukushima tsunami

The earthquake that set off the tsunami which caused the Fukushima nuclear plant disaster was unleashed by a stealthy nine-year build-up of pressure on a plate boundary, scientists said on January 06. Part of a fault where two mighty plates on the Earth's

Published 12 Jan, 2015 12:00am

Scientists find antibiotic that kills bugs without resistance

Scientists have discovered a new antibiotic, teixobactin, that can kill serious infections in mice without encountering any detectable resistance, offering a potential new way to get ahead of dangerous evolving superbugs.

Published 12 Jan, 2015 12:00am

Coca-Cola to cut 1,600 jobs

US soda giant Coca-Cola plans to cut 1,600-1,800 jobs in a cost-saving move, a spokeswoman said on January 08. Coca-Cola, which has struggled to grow sales, said the cuts would come from its corporate headquarters, as well as from its North American and i

Published 12 Jan, 2015 12:00am

Goldman Sachs invests in German online spectacles retailer

Goldman Sachs' private equity arm is taking a roughly 20 percent stake in Mister Spex, Germany's leading online spectacles retailer said on January 07.

Published 12 Jan, 2015 12:00am

Goldman Sachs invests in German online spectacles retailer

Goldman Sachs' private equity arm is taking a roughly 20 percent stake in Mister Spex, Germany's leading online spectacles retailer said on January 07.

Published 12 Jan, 2015 12:00am

Infosys third quarter profit up 13 percent

Infosys Ltd, India's second-largest software services exporter, posted a 13 percent rise in quarterly net profit on January 09, beating estimates, as it won more outsourcing contracts from Western clients. Infosys, which provides IT services to clients in

Published 12 Jan, 2015 12:00am

Infosys third quarter profit up 13 percent

Infosys Ltd, India's second-largest software services exporter, posted a 13 percent rise in quarterly net profit on January 09, beating estimates, as it won more outsourcing contracts from Western clients. Infosys, which provides IT services to clients in

Published 12 Jan, 2015 12:00am

Rolls-Royce's shift to smaller, sporty cars spurs sales to record

Luxury car maker Rolls-Royce is upbeat about sales this year after smaller, more sporty cars gained appeal with younger customers, resulting in a 13 percent jump in deliveries in 2014.

Published 12 Jan, 2015 12:00am

Rolls-Royce's shift to smaller, sporty cars spurs sales to record

Luxury car maker Rolls-Royce is upbeat about sales this year after smaller, more sporty cars gained appeal with younger customers, resulting in a 13 percent jump in deliveries in 2014.

Published 12 Jan, 2015 12:00am

Taiwan's HTC posts third quarterly profit in a row

Taiwan smartphone giant HTC on January 06 posted a third successive quarterly profit as the launch of a series of new products gave a lift to the resurgent brand. The firm said net profit came in at Tw$470 million ($14.7 million) in October-December, up 5

Published 12 Jan, 2015 12:00am

Taiwan's HTC posts third quarterly profit in a row

Taiwan smartphone giant HTC on January 06 posted a third successive quarterly profit as the launch of a series of new products gave a lift to the resurgent brand. The firm said net profit came in at Tw$470 million ($14.7 million) in October-December, up 5

Published 12 Jan, 2015 12:00am

Shanghai exchange to supervise firms based on industry

Shanghai will start to oversee companies listed on its stock exchange based on industry breakdown rather than on regions from this year, to improve supervision over information disclosure. Chinese regulators are struggling to conduct reforms to reverse th

Published 12 Jan, 2015 12:00am

Senior Bombardier sales executive leaves firm

Bombardier Inc's senior vice president in charge of CSeries and other commercial aircraft sales has left the company effective immediately, a spokeswoman said on January 08, just over a year after his appointment. Raymond Jones was appointed senior vice p

Published 12 Jan, 2015 12:00am

Sharp president says meeting profit forecast to be 'very tough'

Sharp Corp's president said it would be tough for the Japanese electronics company to meet its annual profit forecast as pressure to cut liquid crystal display (LCD) panel prices counters the benefits of a cheaper yen.

Published 12 Jan, 2015 12:00am

Sharp president says meeting profit forecast to be 'very tough'

Sharp Corp's president said it would be tough for the Japanese electronics company to meet its annual profit forecast as pressure to cut liquid crystal display (LCD) panel prices counters the benefits of a cheaper yen.

Published 12 Jan, 2015 12:00am

Toyota to give away fuel-cell patents to boost industry

Toyota will give away thousands of patents for its fuel-cell cars, it said on January 06, in an effort to encourage other automakers into the new industry. The world's largest vehicle maker said it will allow royalty-free use of about 5,680 patent licence

Published 12 Jan, 2015 12:00am

Long-dated funds top bond heap in 2014, but 2015 uncertain

The best bond funds in 2014 posted returns of more than 40 percent betting on long US Treasury bonds, a strategy that had scant support when the year began. Still, a repeat performance in 2015 is unlikely, investors said.

Published 12 Jan, 2015 12:00am

Long-dated funds top bond heap in 2014, but 2015 uncertain

The best bond funds in 2014 posted returns of more than 40 percent betting on long US Treasury bonds, a strategy that had scant support when the year began. Still, a repeat performance in 2015 is unlikely, investors said.

Published 12 Jan, 2015 12:00am

McCullum blitz sets up New Zealand victory

A cracking half-century by Brendon McCullum set New Zealand up for a comfortable three-wicket win over Sri Lanka in their first one-day international in Christchurch Sunday. After McCullum's 51 in 19 balls had provided his side a comfortable target well u

Published 12 Jan, 2015 12:00am

Clarke's fitness deadline to lead Australia at World Cup

Selectors named Michael Clarke Sunday as captain of Australia's squad for next month's World Cup, with a fitness contingency should he not be able to play following recent hamstring surgery. Clarke, who missed the final three Tests against India following

Published 12 Jan, 2015 12:00am

Misbah to quit one-dayers

Pakistan captain Misbah-ul Haq said Sunday he will quit one-day cricket after the World Cup. The 40-year-old said he has informed the Pakistan Cricket Board (PCB) of his decision although he intends to keep playing Test cricket.

Published 12 Jan, 2015 12:00am

Bangladesh's Hossain bailed in rape case

A court in Bangladesh granted bail to national cricketer Rubel Hossain Sunday in a rape case filed by a 19-year-old actress, clearing the way for him to play in next month's World Cup. A Dhaka magistrate gave the order, meaning the 24-year-old cricketer c

Published 12 Jan, 2015 12:00am

Saints stun United, Arsenal cruise

Southampton climbed above Manchester United into third place in the Premier League with a shock 1-0 win at Old Trafford, while Alexis Sanchez took centre-stage as Arsenal crushed Stoke 3-0 on Sunday. Ronald Koeman's side stole the points in a dour encount

Published 12 Jan, 2015 12:00am

Wawrinka starts season with third Chennai title

Stanislas Wawrinka warmed up Sunday for the defence of his Australian Open title by winning the ATP Chennai Open for a second straight year and for the third time since 2011. The Swiss world number four ended Slovenian qualifier Aljaz Bedene's giant-killi

Published 12 Jan, 2015 12:00am

Iran, UAE turn on the style at Asian Cup

Ehsan Hajsafi's glorious volley fired Iran to victory over Bahrain and Omar Abdulrahman starred for UAE as the region's brightest stars turned on the style at the Asian Cup Sunday. Hajsafi's swift control and scything strike from the corner of the box rai

Published 12 Jan, 2015 12:00am

Federer claims 1,000th win with Brisbane crown

Roger Federer brought up his 1,000th victory at tour level in style Sunday when he beat Canadian Milos Raonic in three tough sets to win the Brisbane International. Federer was forced to absorb some superb shotmaking and blistering serves from the 24-year

Published 12 Jan, 2015 12:00am

Gayle leads Windies to world record triumph

Chris Gayle blasted 90 off 41 balls as the West Indies achieved a world record run chase in the second Twenty20 international on Sunday to beat South Africa by four wickets. South Africa captain Faf du Plessis hit a 46-ball century in his team's total of

Published 12 Jan, 2015 12:00am

Kayan appoints chairman

Saudi Kayan Petrochemical Co, an affiliate of Saudi Basic Industries Corp (Sabic), replaced its non-executive chairman of the board, the company said in a statement on Sunday. Omar al-Amoudi, executive vice president of shared services at Sabic and an exi

Published 12 Jan, 2015 12:00am

Iraq raises February OSP to Asia but cuts to US, Europe

Iraq's state oil marketer SOMO raised the official February selling price (OSP) for Basra Light crude oil to Asia by $0.30 a barrel to the Oman/Dubai average minus $3.70 a barrel, it said on Sunday. The January OSP to Asia was the Oman/Dubai average minus

Published 12 Jan, 2015 12:00am

Alibaba to buy $550 million stake in Indian online payment firm

China's Alibaba Group Holding Ltd and its unit Alipay are in advanced talks to buy a stake for about $550 million in India's One97 Communications, which owns an online payment platform, sources directly involved in the transaction said.

Published 12 Jan, 2015 12:00am

Bureaucracy delaying Qatar Airways launch in Saudi Arabia

Complicated bureaucracy is delaying the launch of Qatar Airways' domestic operations in Saudi Arabia, and they are now expected to start in six to 18 months, the airline's chief executive was quoted as saying. Saudi Arabia announced in 2012 that it would

Published 12 Jan, 2015 12:00am

SunEdison, Adani to invest $4 billion in Indian solar panel plant

Solar power firm SunEdison and Indian conglomerate Adani Enterprises plan to invest up to $4 billion in what would be one of India's largest solar panel makers, a boost for Prime Minister Narendra Modi as he hosts an investment summit.

Published 12 Jan, 2015 12:00am

Foreign investors in red-hot London property market force locals out

Tough foreign competition in the London commercial property market is forcing local investors to invest in regional cities to tap rising rents there, with many making purchases privately to avoid auctions or even building office blocks from scratch. Comme

Published 12 Jan, 2015 12:00am

More losses loom for Russian bonds as credit rating heads back to junk

Russia's credit rating looks set to tumble into junk for the first time in more than a decade, a move that would exclude its bonds from a couple of high-profile indexes and may set off another wave of capital outflows.

Published 12 Jan, 2015 12:00am

More losses loom for Russian bonds as credit rating heads back to junk

Russia's credit rating looks set to tumble into junk for the first time in more than a decade, a move that would exclude its bonds from a couple of high-profile indexes and may set off another wave of capital outflows.

Published 12 Jan, 2015 12:00am

Greek central bank says deposit outflow situation under control

Greece's central bank said on Sunday that the situation with deposit outflows from the country was under control, as it tried to reassure markets ahead of a January 25 snap election. Greek media have reported that there have been significant deposit outfl

Published 12 Jan, 2015 12:00am

Venezuela's Maduro in OPEC kingpin Saudi for talks

Venezuelan President Nicolas Maduro was in OPEC's leading oil producer Saudi Arabia for talks Sunday, officials said, after he visited Iran to discuss the impact of plummeting crude prices. He was to continue on for further discussions in fellow OPEC prod

Published 12 Jan, 2015 12:00am

Egyptian minister says determined to make foreign investment easier

Egypt expects resistance to a new unified investment law designed to tackle stifling bureaucracy but hopes to implement it in March nevertheless, the investment minister told Reuters on Sunday. Ashraf Salman said the law was critical to winning the confid

Published 12 Jan, 2015 12:00am

Egypt bourse suspends GB Auto shares

Egypt's stock exchange on Thursday suspended trading in shares of GB Auto, the country's biggest listed vehicle assembler and distributor, until it provides more information to the market about its planned rights issue.

Published 12 Jan, 2015 12:00am

Egypt bourse suspends GB Auto shares

Egypt's stock exchange on Thursday suspended trading in shares of GB Auto, the country's biggest listed vehicle assembler and distributor, until it provides more information to the market about its planned rights issue.

Published 12 Jan, 2015 12:00am

Libor

GM opens high-yield primary market

Crossover credit General Motors Financial reopened the US high-yield bond market on Wednesday after a three-week hiatus, seizing on stronger conditions spurred by strong economic data. The US $2.25bn drive-by deal, which saw US $5.5bn in demand, was annou

Published 12 Jan, 2015 12:00am

Libor

GM opens high-yield primary market

Crossover credit General Motors Financial reopened the US high-yield bond market on Wednesday after a three-week hiatus, seizing on stronger conditions spurred by strong economic data. The US $2.25bn drive-by deal, which saw US $5.5bn in demand, was annou

Published 12 Jan, 2015 12:00am

Investors extend Asian FX shorts, ringgit in particular

Short positions in the Malaysian ringgit rose further in the first week of 2015 on a combination of sliding oil prices, broad risk aversion and strong US dollar, a Reuters poll found on Thursday. The ringgitt fell to fresh 5-1/2-year lows earlier this wee

Published 12 Jan, 2015 12:00am

Tokyo investors look to US data

Tokyo investors will eye US data next week, including the Fed's key Beige Book regional economies report, after eurozone worries helped drag the Japanese market lower in the first trading week of 2015. On Friday, the Nikkei 225 at the Tokyo Stock Exchange

Published 12 Jan, 2015 12:00am

Most Gulf markets rally

Most Gulf stock markets maintained their positive momentum on Sunday, supported by good corporate news, but major petrochemical producer Industries Qatar tumbled and dragged down the Doha bourse after announcing a dividend cut. Industries Qatar plunged it

Published 12 Jan, 2015 12:00am

Sliding sterling set for more turbulence

Sterling is losing ground to a less-than-mighty euro, let alone the broadly strong dollar. The pound could well slide further. But it's even safer to bet on high volatility. A sea-change in when traders expect the first Bank of England rate rise has helpe

Published 12 Jan, 2015 12:00am

India's AGS Transact set to file for up to $200 million IPO

India's AGS Transact Technologies, partly owned by US private equity firm TPG Capital, is set to file an application for an initial public offering to raise up to $200 million, three sources with direct knowledge of the matter told Reuters.

Published 12 Jan, 2015 12:00am

India's AGS Transact set to file for up to $200 million IPO

India's AGS Transact Technologies, partly owned by US private equity firm TPG Capital, is set to file an application for an initial public offering to raise up to $200 million, three sources with direct knowledge of the matter told Reuters.

Published 12 Jan, 2015 12:00am

Oil-driven Asian bond rally could boomerang

Plunging oil prices have sparked a big rally in Asian government bond markets as lower fuel costs cut inflation expectations, but the rally could be built on shallow foundations as monetary policymakers remain out of step with tumbling bond yields.

Published 12 Jan, 2015 12:00am

Oil-driven Asian bond rally could boomerang

Plunging oil prices have sparked a big rally in Asian government bond markets as lower fuel costs cut inflation expectations, but the rally could be built on shallow foundations as monetary policymakers remain out of step with tumbling bond yields.

Published 12 Jan, 2015 12:00am

Goldman Sachs expects euro to drop below parity by end 2017

Goldman Sachs has cut its forecasts for the euro this year and expects the single currency to drop below parity by end-2017 as part of a broad downward trend begun in the second half of last year. In a research report released on Friday, it lowered the fo

Published 12 Jan, 2015 12:00am

Malaysia's Sunway Construction plans IPO

Malaysia's Sunway Construction Group Bhd plans to list shares on the Kuala Lumpur Stock Exchange in an initial public offering this year, according to a draft IPO prospectus filed with Malaysia's Securities Commission on Tuesday. The draft prospectus did

Published 12 Jan, 2015 12:00am

Malaysia's Sunway Construction plans IPO

Malaysia's Sunway Construction Group Bhd plans to list shares on the Kuala Lumpur Stock Exchange in an initial public offering this year, according to a draft IPO prospectus filed with Malaysia's Securities Commission on Tuesday. The draft prospectus did

Published 12 Jan, 2015 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.95-77.95 (previous 77.94-77.95).

Published 12 Jan, 2015 12:00am

Canadian $ seen pressured by cheap oil, expected Fed hike

The Canadian dollar is expected to trade near a five-year low against its US counterpart for much of this year, under pressure from a crash in crude oil prices and an impending US interest rate hike, according to a Reuters poll.

Published 12 Jan, 2015 12:00am

Market's ups-and-downs spell end of low volatility era

In the last month, the US stock market is down just 0.8 percent, but it's been a bumpy ride: Since December 9, the S&P 500 has had a 4 percent selloff, a 6 percent rally, and a 4 percent drop that ended Thursday with a two-day gain of 3 percent. Equities

Published 12 Jan, 2015 12:00am

Wall Street week ahead: cheap gas, holiday sales could fuel retailer shares

Investors hope the lower gasoline cost is putting more money in consumers' wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that's happening. The coming weeks, as the fourth-quarter earnings season gets unde

Published 12 Jan, 2015 12:00am

Indonesian divers find black box of AirAsia plane

Indonesian divers on Sunday found the crucial black box flight recorders of the AirAsia plane that crashed in the Java Sea a fortnight ago with 162 people aboard, the transport ministry said. But they failed to retrieve it immediately from the seabed beca

Published 12 Jan, 2015 12:00am

Lawmakers defend Petraeus

Two prominent US lawmakers came to the defence Sunday of David Petraeus, the retired general and former CIA chief under an FBI investigation for allegedly leaking classified information to his former mistress. The New York Times reported on Friday that th

Published 12 Jan, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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