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Print - 2015-02-06
Low oil prices helping reduce food prices

Low oil prices helping reduce food prices

The sharp drop in the cost of oil is not only helping people fill their petrol tanks but their stomachs as well by reducing food prices, according to data released Thursday. The UN''s Food and Agricultural Organisation said its food price index declined 1
Published 06 Feb, 2015 12:00am
Low oil prices helping reduce food prices

Low oil prices helping reduce food prices

The sharp drop in the cost of oil is not only helping people fill their petrol tanks but their stomachs as well by reducing food prices, according to data released Thursday. The UN's Food and Agricultural Organisation said its food price index declined 1.
Published 06 Feb, 2015 12:00am
Low oil prices helping reduce food prices

Low oil prices helping reduce food prices

The sharp drop in the cost of oil is not only helping people fill their petrol tanks but their stomachs as well by reducing food prices, according to data released Thursday. The UN's Food and Agricultural Organisation said its food price index declined 1.
Published 06 Feb, 2015 12:00am
World Bank mission visits Punjab''s land record

World Bank mission visits Punjab''s land record

A World Bank mission visited the Land Record Centre Lahore Cant, said the spokesperson of Project Management Unit (PMU), Board of Revenue Punjab. The Mission was comprised Edward Cook, Igor Popiv, Tony Burns, Ms Samina Islam. Captain Zafar Iqbal, Deputy P
Published 06 Feb, 2015 12:00am
World Bank mission visits Punjab's land record

World Bank mission visits Punjab's land record

A World Bank mission visited the Land Record Centre Lahore Cant, said the spokesperson of Project Management Unit (PMU), Board of Revenue Punjab. The Mission was comprised Edward Cook, Igor Popiv, Tony Burns, Ms Samina Islam. Captain Zafar Iqbal, Deputy P
Published 06 Feb, 2015 12:00am
World Bank mission visits Punjab's land record

World Bank mission visits Punjab's land record

A World Bank mission visited the Land Record Centre Lahore Cant, said the spokesperson of Project Management Unit (PMU), Board of Revenue Punjab. The Mission was comprised Edward Cook, Igor Popiv, Tony Burns, Ms Samina Islam. Captain Zafar Iqbal, Deputy P
Published 06 Feb, 2015 12:00am
18 killed as Afghan troops fight insurgents near Pakistan border

18 killed as Afghan troops fight insurgents near Pakistan border

At least 18 militants were killed in a gun battle in a mountainous district of Afghanistan near Pakistan, police said on Thursday, in the latest fighting in the region since a Taliban massacre of school children in the nearby city of Peshawar late last ye
Published 06 Feb, 2015 12:00am
18 killed as Afghan troops fight insurgents near Pakistan border

18 killed as Afghan troops fight insurgents near Pakistan border

At least 18 militants were killed in a gun battle in a mountainous district of Afghanistan near Pakistan, police said on Thursday, in the latest fighting in the region since a Taliban massacre of school children in the nearby city of Peshawar late last ye
Published 06 Feb, 2015 12:00am
Afghan army cadets arrive to get training

Afghan army cadets arrive to get training

Six Afghan National Army cadets arrived in Islamabad Thursday to join Pakistan Military Academy (PMA) at Abbottabad for an 18-month long course in a sign of growing military-to-military contacts, the Afghan embassy said. This is the first ever group of Af
Published 06 Feb, 2015 12:00am
Afghan army cadets arrive to get training

Afghan army cadets arrive to get training

Six Afghan National Army cadets arrived in Islamabad Thursday to join Pakistan Military Academy (PMA) at Abbottabad for an 18-month long course in a sign of growing military-to-military contacts, the Afghan embassy said. This is the first ever group of Af
Published 06 Feb, 2015 12:00am
Popular 'dashcams' catch everything from scammers to plane crashes

Popular 'dashcams' catch everything from scammers to plane crashes

The terrifying footage of a plane clipping a bridge in Taiwan and crashing into a river this week was a reminder that "dashcams" have become an increasingly standard piece of kit in cars around the world. The TransAsia crash, which killed at least 31 peop
Published 06 Feb, 2015 12:00am
Two dead in US college murder-suicide

Two dead in US college murder-suicide

Two people died in what appeared to be an "isolated" murder-suicide Thursday at the University of South Carolina, police said, after the campus was placed on lockdown. The deaths occurred at the university's school of public health, the Columbia Police De
Published 06 Feb, 2015 12:00am
Civil society activists detained, released

Civil society activists detained, released

The civil society members, who were arrested here on Thursday evening, have been released, police said, according to Aaj News. Protests had broken out after at least 40 members of civil society including their leader Jibran Nasir, who were staging a demo
Published 06 Feb, 2015 12:00am
Sri Lanka cuts ties with former IMF chief after paying $750,000

Sri Lanka cuts ties with former IMF chief after paying $750,000

Sri Lanka's new government Thursday said it was cutting ties with sex scandal plagued ex-IMF chief Dominique Strauss-Kahn after paying him $750,000 for being an advisor to attract foreign investment. Spokesman Rajitha Senaratne said the cabinet had decide
Published 06 Feb, 2015 12:00am
Canada top court to review overseas spying

Canada top court to review overseas spying

Canada's top court said Thursday it would consider whether the nation's spy agency requires a court's authorisation before having its allies spy on Canadians abroad. The review was requested by the government, which sought guidance despite having unveiled
Published 06 Feb, 2015 12:00am
RD to be imposed to minimise agreed revenue shortfall

RD to be imposed to minimise agreed revenue shortfall

Pakistan has committed to imposing a regulatory duty (RD) on non-essentials commodities and luxurious items to mobilise Rs 15 to Rs 20 billion to minimise the agreed shortfall in revenue of Rs 119 billion, it was learnt. The government and the Internation
Published 06 Feb, 2015 12:00am
RD to be imposed to minimise agreed revenue shortfall

RD to be imposed to minimise agreed revenue shortfall

Pakistan has committed to imposing a regulatory duty (RD) on non-essentials commodities and luxurious items to mobilise Rs 15 to Rs 20 billion to minimise the agreed shortfall in revenue of Rs 119 billion, it was learnt. The government and the Internation
Published 06 Feb, 2015 12:00am
RD to be imposed to minimise agreed revenue shortfall

RD to be imposed to minimise agreed revenue shortfall

Pakistan has committed to imposing a regulatory duty (RD) on non-essentials commodities and luxurious items to mobilise Rs 15 to Rs 20 billion to minimise the agreed shortfall in revenue of Rs 119 billion, it was learnt. The government and the Internation
Published 06 Feb, 2015 12:00am
Sukuk regulations approved by SECP

Sukuk regulations approved by SECP

As part of its mandate to develop the Islamic capital market and to facilitate fund raising through Shariah Compliant financial products, the Securities and Exchange Commission of Pakistan (SECP) has approved the regulations for issuance of Sukuk. The Suk
Published 06 Feb, 2015 12:00am
Sukuk regulations approved by SECP

Sukuk regulations approved by SECP

As part of its mandate to develop the Islamic capital market and to facilitate fund raising through Shariah Compliant financial products, the Securities and Exchange Commission of Pakistan (SECP) has approved the regulations for issuance of Sukuk. The Suk
Published 06 Feb, 2015 12:00am
Sukuk regulations approved by SECP

Sukuk regulations approved by SECP

As part of its mandate to develop the Islamic capital market and to facilitate fund raising through Shariah Compliant financial products, the Securities and Exchange Commission of Pakistan (SECP) has approved the regulations for issuance of Sukuk. The Suk
Published 06 Feb, 2015 12:00am
Sukuk regulations approved by SECP

Sukuk regulations approved by SECP

As part of its mandate to develop the Islamic capital market and to facilitate fund raising through Shariah Compliant financial products, the Securities and Exchange Commission of Pakistan (SECP) has approved the regulations for issuance of Sukuk. The Suk
Published 06 Feb, 2015 12:00am
Middle Eastern owners divest three percent stake in K-Electric

Middle Eastern owners divest three percent stake in K-Electric

KES Power Limited, a multinational consortium and the holding company of K-Electric Limited (KEL), has divested three percent of its stakes worth Rs 6.58 billion or $64.74 million in the Karachi-based power utility. The divestment, the KEL insiders said,
Published 06 Feb, 2015 12:00am
Middle Eastern owners divest three percent stake in K-Electric

Middle Eastern owners divest three percent stake in K-Electric

KES Power Limited, a multinational consortium and the holding company of K-Electric Limited (KEL), has divested three percent of its stakes worth Rs 6.58 billion or $64.74 million in the Karachi-based power utility. The divestment, the KEL insiders said,
Published 06 Feb, 2015 12:00am
Middle Eastern owners divest three percent stake in K-Electric

Middle Eastern owners divest three percent stake in K-Electric

KES Power Limited, a multinational consortium and the holding company of K-Electric Limited (KEL), has divested three percent of its stakes worth Rs 6.58 billion or $64.74 million in the Karachi-based power utility. The divestment, the KEL insiders said,
Published 06 Feb, 2015 12:00am
French, German leaders in new Ukraine peace push

French, German leaders in new Ukraine peace push

German Chancellor Angela Merkel and French President Francois Hollande flew into Kiev on Thursday to present a new peace plan in the biggest diplomatic push yet to halt an upsurge in deadly fighting in eastern Ukraine. The two European leaders arrived hot
Published 06 Feb, 2015 12:00am
French, German leaders in new Ukraine peace push

French, German leaders in new Ukraine peace push

German Chancellor Angela Merkel and French President Francois Hollande flew into Kiev on Thursday to present a new peace plan in the biggest diplomatic push yet to halt an upsurge in deadly fighting in eastern Ukraine. The two European leaders arrived hot
Published 06 Feb, 2015 12:00am
Russia risk: NATO agrees to boost defences in eastern Europe

Russia risk: NATO agrees to boost defences in eastern Europe

NATO agreed Thursday to dramatically boost its defences with six command centres in eastern Europe and a spearhead force of 5,000 troops, to counter what the alliance called Russian aggression in Ukraine. Secretary General Jens Stoltenberg insisted that t
Published 06 Feb, 2015 12:00am
Russia risk: NATO agrees to boost defences in eastern Europe

Russia risk: NATO agrees to boost defences in eastern Europe

NATO agreed Thursday to dramatically boost its defences with six command centres in eastern Europe and a spearhead force of 5,000 troops, to counter what the alliance called Russian aggression in Ukraine. Secretary General Jens Stoltenberg insisted that t
Published 06 Feb, 2015 12:00am
EU raises eurozone outlook, confirms deflation

EU raises eurozone outlook, confirms deflation

The EU raised its growth forecast for the eurozone on the back of cheap oil and a weak euro, but warned that with deflation taking hold the bloc''s struggling economies must keep up their reforms. Economic Affairs Commissioner Pierre Moscovici said France
Published 06 Feb, 2015 12:00am
EU raises eurozone outlook, confirms deflation

EU raises eurozone outlook, confirms deflation

The EU raised its growth forecast for the eurozone on the back of cheap oil and a weak euro, but warned that with deflation taking hold the bloc's struggling economies must keep up their reforms. Economic Affairs Commissioner Pierre Moscovici said France
Published 06 Feb, 2015 12:00am
EU raises eurozone outlook, confirms deflation

EU raises eurozone outlook, confirms deflation

The EU raised its growth forecast for the eurozone on the back of cheap oil and a weak euro, but warned that with deflation taking hold the bloc's struggling economies must keep up their reforms. Economic Affairs Commissioner Pierre Moscovici said France
Published 06 Feb, 2015 12:00am
ECB green lights emergency funds for Greek banks

ECB green lights emergency funds for Greek banks

The European Central Bank has given the green light to make up to 60 billion euros ($68.5 billion) in emergency liquidity available to Greek banks, a source close to a national central bank told AFP on Thursday. The source confirmed a corresponding report
Published 06 Feb, 2015 12:00am
ECB green lights emergency funds for Greek banks

ECB green lights emergency funds for Greek banks

The European Central Bank has given the green light to make up to 60 billion euros ($68.5 billion) in emergency liquidity available to Greek banks, a source close to a national central bank told AFP on Thursday. The source confirmed a corresponding report
Published 06 Feb, 2015 12:00am
ECB green lights emergency funds for Greek banks

ECB green lights emergency funds for Greek banks

The European Central Bank has given the green light to make up to 60 billion euros ($68.5 billion) in emergency liquidity available to Greek banks, a source close to a national central bank told AFP on Thursday. The source confirmed a corresponding report
Published 06 Feb, 2015 12:00am
ECB green lights emergency funds for Greek banks

ECB green lights emergency funds for Greek banks

The European Central Bank has given the green light to make up to 60 billion euros ($68.5 billion) in emergency liquidity available to Greek banks, a source close to a national central bank told AFP on Thursday. The source confirmed a corresponding report
Published 06 Feb, 2015 12:00am
Pfizer buys Hospira in $17 billion deal

Pfizer buys Hospira in $17 billion deal

US pharmaceutical giant Pfizer will expand its line of drugs and therapies with the $17 billion takeover of Hospira, the two companies announced Thursday. The deal, approved by the boards of both companies, will importantly add Hospira''s portfolio of ste
Published 06 Feb, 2015 12:00am
Pfizer buys Hospira in $17 billion deal

Pfizer buys Hospira in $17 billion deal

US pharmaceutical giant Pfizer will expand its line of drugs and therapies with the $17 billion takeover of Hospira, the two companies announced Thursday. The deal, approved by the boards of both companies, will importantly add Hospira's portfolio of ster
Published 06 Feb, 2015 12:00am
Pfizer buys Hospira in $17 billion deal

Pfizer buys Hospira in $17 billion deal

US pharmaceutical giant Pfizer will expand its line of drugs and therapies with the $17 billion takeover of Hospira, the two companies announced Thursday. The deal, approved by the boards of both companies, will importantly add Hospira's portfolio of ster
Published 06 Feb, 2015 12:00am
Gordon Brown telephones Prime Minister

Gordon Brown telephones Prime Minister

Former British Prime Minister Gordon Brown has made contact with Prime Minister Muhammad Nawaz Sharif on Thursday evening. Brown expressed his commitment to raise $450 million for bringing about improvement in the education sector of Pakistan, including p
Published 06 Feb, 2015 12:00am
Gordon Brown telephones Prime Minister

Gordon Brown telephones Prime Minister

Former British Prime Minister Gordon Brown has made contact with Prime Minister Muhammad Nawaz Sharif on Thursday evening. Brown expressed his commitment to raise $450 million for bringing about improvement in the education sector of Pakistan, including p
Published 06 Feb, 2015 12:00am
Nawaz meets APHC delegation

Nawaz meets APHC delegation

Prime Minister Muhammad Nawaz Sharif Thursday met a delegation of All Parties Hurriyat Conference here at the Assembly Secretariat. The delegation comprised Yousuf Naseem, Ghulam Muhammad Safi, Mahmood Ahmed Saghar and Rafique Ahmed Dar. The Prime Ministe
Published 06 Feb, 2015 12:00am
Nawaz meets APHC delegation

Nawaz meets APHC delegation

Prime Minister Muhammad Nawaz Sharif Thursday met a delegation of All Parties Hurriyat Conference here at the Assembly Secretariat. The delegation comprised Yousuf Naseem, Ghulam Muhammad Safi, Mahmood Ahmed Saghar and Rafique Ahmed Dar. The Prime Ministe
Published 06 Feb, 2015 12:00am
Prime Minister reaffirms commitment to Kashmir cause

Prime Minister reaffirms commitment to Kashmir cause

Prime Minister Muhammad Nawaz Sharif Thursday reiterated that Pakistan would continue moral, political and diplomatic support to Kashmiris in their exemplary struggle for right of self-determination and no decision against their will would be accepted.
Published 06 Feb, 2015 12:00am
Prime Minister reaffirms commitment to Kashmir cause

Prime Minister reaffirms commitment to Kashmir cause

Prime Minister Muhammad Nawaz Sharif Thursday reiterated that Pakistan would continue moral, political and diplomatic support to Kashmiris in their exemplary struggle for right of self-determination and no decision against their will would be accepted.
Published 06 Feb, 2015 12:00am
Vote rigging episode nearing end: Imran

Vote rigging episode nearing end: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday claimed that 2013 general elections rigging episode which the incumbent government is trying to conceal, will be reaching its logical end by end of this month. Speaking at a function organized
Published 06 Feb, 2015 12:00am
Vote rigging episode nearing end: Imran

Vote rigging episode nearing end: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday claimed that 2013 general elections rigging episode which the incumbent government is trying to conceal, will be reaching its logical end by end of this month. Speaking at a function organized
Published 06 Feb, 2015 12:00am
The Weather

The Weather

The weather report on Thursday (February 05, 2015) and the forecast for Friday (February 06, 2015).

Published 06 Feb, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 06 Feb, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 06 Feb, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 06 Feb, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 06 Feb, 2015 12:00am
Moroccan cultural, food festival held

Moroccan cultural, food festival held

The Consulate General of Kingdom of Morocco in association with Fauji Fertilizer Bin Qasim Limited organised Moroccan Cultural and Food Festival at a local hotel. The festival was inaugurated by Lieutenant General Haroon Aslam (Retd), CE and MD Fauji Fert
Published 06 Feb, 2015 12:00am
US CG inaugurates Cold Stone Creamery Café in DHA

US CG inaugurates Cold Stone Creamery Café in DHA

US Consul General Brian Heath inaugurated the first Cold Stone Creamery Café in Karachi. Consulate officials and senior management of Cold Stone Creamery Pakistan attended the ceremony. The café is located on the rooftop of The Place, Phase 8, DHA. "I am
Published 06 Feb, 2015 12:00am
57 alleged criminals held

57 alleged criminals held

City police on Thursday claimed to have arrested as many as 57 alleged criminals in different targeted raids and encounters conducted at various parts of the metropolis during last 24 hours. Police said that 78 raids and five encounters carried out as a p
Published 06 Feb, 2015 12:00am
Meeting with Musharraf a 'routine affair': Maqbool

Meeting with Musharraf a 'routine affair': Maqbool

Muttahida Qaumi Movement (MQM) leader Khalid Maqbool Siddiqui has said that their meeting with former president Pervez Musharraf on Thursday was a 'routine affair'. Talking to media, he said that the 'storm of corruption' in Sindh needed to be stopped imm
Published 06 Feb, 2015 12:00am
Envoy inaugurates Pakistan pavilion at 'Fruit Logistica 2015'

Envoy inaugurates Pakistan pavilion at 'Fruit Logistica 2015'

Pakistan's Ambassador to Germany, Syed Hasan Javed inaugurated Pakistan Pavilion at International Trade Fair of Fresh Fruits and Vegetables "Fruit Logistica 2015" on Thursday in Berlin. He went to each Pakistani stall and exchanged views with Pakistani Ex
Published 06 Feb, 2015 12:00am
Two cops among five killed in incidents of violence

Two cops among five killed in incidents of violence

Five people including two cops were killed and three others injured in separate incidents of violence, here on Thursday. According to police and rescue sources, Assistant Sub-inspector Saeed, son of Ghazi Khan, and Constable Ejaz Ahmed, son of Mukhtiyar A
Published 06 Feb, 2015 12:00am
B Com private exam: KU extends date for submitting forms

B Com private exam: KU extends date for submitting forms

The Karachi University has extended the submission date of B Com private annual examination forms till Febryary 11, without late fee, a statement issued here on Thursday said. The candidates can submit their examination forms of B Com Part-I with Rs 3900
Published 06 Feb, 2015 12:00am
Mobicash launches one-paisa data bundle offer

Mobicash launches one-paisa data bundle offer

Mobicash has launched "one-paisa" data bundle offer for customers as a means to encourage customers to register Mobicash Mobile wallet accounts. Customers having mobicash mobile wallet account will be able to avail 300 MBs of Mobilink 3G Internet by visit
Published 06 Feb, 2015 12:00am
Mobicash launches one-paisa data bundle offer

Mobicash launches one-paisa data bundle offer

Mobicash has launched "one-paisa" data bundle offer for customers as a means to encourage customers to register Mobicash Mobile wallet accounts. Customers having mobicash mobile wallet account will be able to avail 300 MBs of Mobilink 3G Internet by visit
Published 06 Feb, 2015 12:00am
EFU Life to launch its Window Family Takaful Operations

EFU Life to launch its Window Family Takaful Operations

EFU Life Assurance Ltd, the leading life insurance company of Pakistan introduces first Window Takaful Operations licensed by Securities & Exchange Commission of Pakistan. EFU Life Window Takaful Operations are being launched under the brand name 'Hemayah
Published 06 Feb, 2015 12:00am
Karachi traffic cops get new uniforms

Karachi traffic cops get new uniforms

The Traffic Police of Karachi have changed the colour and design of the uniform of the traffic cops. The new uniform comprised grey trouser and white shirt with grey cuffs and collar. Earlier, Additional Inspector General of Traffic Police (Karachi) Ghula
Published 06 Feb, 2015 12:00am
Indian firms line up for low-cost bank licences

Indian firms line up for low-cost bank licences

Top Indian firms, including Reliance Industries and Bharti Airtel, have applied for licences to set up low-cost banks that could bring millions more people into the formal banking sector, finance officials said. A total of 41 applicants submitted applicat
Published 06 Feb, 2015 12:00am
Despite US fine, BNP Paribas turns 2014 profit

Despite US fine, BNP Paribas turns 2014 profit

BNP Paribas surmounted the 6.6 billion euro ($8.9 billion) fine imposed by US authorities to post profits in 2014, the French bank said Thursday, but warned tightening business conditions could undermine future results. BNP Paribas said it turned a 157 mi
Published 06 Feb, 2015 12:00am
Volvo cuts 1,000 jobs as China sales dip

Volvo cuts 1,000 jobs as China sales dip

Sweden's Volvo, the world's second-largest maker of trucks, reported a sharp fall in annual profits Thursday and announced 1,000 redundancies in its construction equipment business which was hit by falling demand from China. The group's net profits plunge
Published 06 Feb, 2015 12:00am
Volvo cuts 1,000 jobs as China sales dip

Volvo cuts 1,000 jobs as China sales dip

Sweden's Volvo, the world's second-largest maker of trucks, reported a sharp fall in annual profits Thursday and announced 1,000 redundancies in its construction equipment business which was hit by falling demand from China. The group's net profits plunge
Published 06 Feb, 2015 12:00am
Indonesian growth at five-year low

Indonesian growth at five-year low

Indonesia's economy expanded at its slowest pace for five years in 2014, official data showed Thursday, hit by political uncertainty and weak exports, putting pressure on the country's new president to deliver much-needed reforms. Southeast Asia's biggest
Published 06 Feb, 2015 12:00am
Tooth scare takes bite out of McDonald's Japan profits

Tooth scare takes bite out of McDonald's Japan profits

The head of McDonald's Japan on Thursday apologised after unexpected objects - including a human tooth - were found in the chain's food as the burger giant reported its first annual loss in 11 years. The firm said it would lose a worse-than-expected 21.8
Published 06 Feb, 2015 12:00am
Tooth scare takes bite out of McDonald's Japan profits

Tooth scare takes bite out of McDonald's Japan profits

The head of McDonald's Japan on Thursday apologised after unexpected objects - including a human tooth - were found in the chain's food as the burger giant reported its first annual loss in 11 years. The firm said it would lose a worse-than-expected 21.8
Published 06 Feb, 2015 12:00am
Russian prices jump at fastest rate in 16 years

Russian prices jump at fastest rate in 16 years

Russia's consumer prices rose by nearly four percent in January - a rate unseen in 16 years - pushing annual inflation to 15 percent, the state statistics service said Thursday. Prices climbed by 3.9 percent from December, the fastest rate since February
Published 06 Feb, 2015 12:00am
US trade deficit widens; weekly jobless claims up modestly

US trade deficit widens; weekly jobless claims up modestly

The US trade deficit in December widened sharply to its highest level since 2012 as a stronger dollar appeared to suck in imports and weigh on exports, which could see the fourth-quarter economic growth estimate revised lower. The Commerce Department said
Published 06 Feb, 2015 12:00am
Ukraine currency plummets as central bank loosens grip

Ukraine currency plummets as central bank loosens grip

Ukraine's hryvnia plummeted 30 percent against the dollar to a new record low Thursday after the central bank abandoned its efforts to prop up the currency. The battered hryvnia - currently the worst performing currency in the world - tumbled to 24.6 to t
Published 06 Feb, 2015 12:00am
German factory orders jump in December

German factory orders jump in December

German industrial orders, a key measure of demand for German-made goods, rose sharply in December, data showed on Thursday, confirming recovery is underway in Europe's biggest economy, analysts said. After dropping by 2.4 percent the previous month, indus
Published 06 Feb, 2015 12:00am
Italy restarts the clock on Enel stake sale

Italy restarts the clock on Enel stake sale

Italy is preparing for another attempt at selling a stake in utility Enel worth just shy of 2 billion euros ($2.3 billion) for stretched state coffers, two sources close to the matter said. The government has said it would sell a stake in the power group
Published 06 Feb, 2015 12:00am
BoE holds interest rates at record low

BoE holds interest rates at record low

The Bank of England voted Thursday to keep interest rates at a record-low 0.50 percent, where they have stood for nearly six years, amid fears of deflation and slowing growth. Policymakers also decided to maintain the level of quantitative easing cash sti
Published 06 Feb, 2015 12:00am
Schaeuble, Varoufakis acknowledge lack of agreement

Schaeuble, Varoufakis acknowledge lack of agreement

German Finance Minister Wolfgang Schaeuble and his Greek counterpart Yanis Varoufakis acknowledged Thursday deep divisions over to how to solve Greece's debt problems. "We had long and intensive discussions, but we were not in complete agreement," Schaeub
Published 06 Feb, 2015 12:00am
Gulf markets diverge on mixed earnings, volatile oil

Gulf markets diverge on mixed earnings, volatile oil

Stock markets in the Gulf were mixed on Thursday as oil prices seesawed erratically, dashing hopes for a smooth and sustained recovery. Brent crude, which had tumbled 5.5 percent in the previous session, swung between $53.07 and $56.19 per barrel on Thurs
Published 06 Feb, 2015 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks fell 0.98 percent Thursday, as investors worried about Greece's debt negotiations while a stronger yen weighed on the market, but Sony surged to a near five-year high after lifting its earnings outlook. The Nikkei 225 index at the Tokyo Stock
Published 06 Feb, 2015 12:00am
Thursday's early trade: stocks rally on labour data, oil

Thursday's early trade: stocks rally on labour data, oil

US stocks rallied on Thursday after an upbeat report on the labour market, a continued rise in oil prices and news Pfizer would buy Hospira in a massive deal. Weekly jobless claims rose less than expected last week. The report comes on the heels of a priv
Published 06 Feb, 2015 12:00am
Wall Street ends lower

Wall Street ends lower

The S&P 500 and Nasdaq ended lower on Wednesday, snapping a two-day rally as energy shares slid with oil prices and as investors' anxiety about the euro zone returned in the closing minutes of trading. The benchmark index added to losses late in the sessi
Published 06 Feb, 2015 12:00am
Sri Lankan shares recover

Sri Lankan shares recover

Sri Lankan shares recovered on Thursday from a more-than-five-month low hit in the previous session, on bargain-hunting in financials and telecom stocks as foreign investors bought into the island nation's risky assets. The main stock index ended up 0.67
Published 06 Feb, 2015 12:00am
Treasuries yields rise

Treasuries yields rise

US Treasuries yields rose on Wednesday with benchmark yields hitting 1-1/2 week highs as encouraging economic data from Europe and the United States spurred selling of bonds for a second day. China's decision to cut bank reserve requirements, the first su
Published 06 Feb, 2015 12:00am
Treasuries yields rise

Treasuries yields rise

US Treasuries yields rose on Wednesday with benchmark yields hitting 1-1/2 week highs as encouraging economic data from Europe and the United States spurred selling of bonds for a second day. China's decision to cut bank reserve requirements, the first su
Published 06 Feb, 2015 12:00am
Indian shares fall

Indian shares fall

Indian shares fell for the fifth straight day to a two-week low on Thursday, dragged down by explorers such as Oil and Natural Gas Corp after a fall in crude prices, while subduded markets across the region also dampened sentiment. However, losses were li
Published 06 Feb, 2015 12:00am
Hong Kong shares extend gains

Hong Kong shares extend gains

Hong Kong shares finished up following a volatile session on Thursday, a day after the mainland's central bank rolled out stimulus measures. China's central bank lowered the reserve requirement ratio (RRR) for all commercial banks by 50 basis points on We
Published 06 Feb, 2015 12:00am
China stocks fall despite central bank easing

China stocks fall despite central bank easing

China stocks surrendered early gains on Thursday as traders took profits after the central bank unveiled its latest stimulus measures. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.0 percent, to 3,366.95, while the Shang
Published 06 Feb, 2015 12:00am
European stock markets held back by slide in Greek shares

European stock markets held back by slide in Greek shares

Greek shares dropped on Thursday, holding back European stock markets, after the European Central Bank abruptly cancelled its acceptance of Greek bonds in return for funding. Greek banking stocks sank, with the Athens Stock Exchange FTSE Banks Index dropp
Published 06 Feb, 2015 12:00am
Australian shares extend winning streak

Australian shares extend winning streak

Australia's share market rose for an eleventh straight session on Thursday to reach a fresh seven-year closing high as three of the big four local banks scaled record peaks. The S&P/ASX 200 index ended up 0.6 percent at 5,811.0, having earlier touched 5,8
Published 06 Feb, 2015 12:00am
Southeast Asian markets: Philippines off record close

Southeast Asian markets: Philippines off record close

The Philippine main index slipped on Thursday from the previous session's record closing high, while energy shares underperformed in Southeast Asia as investors cashed in for quick gains amid oil market volatility. Oil prices fell on Thursday, extending b
Published 06 Feb, 2015 12:00am
FTSE ends slightly higher

FTSE ends slightly higher

Britain's top share index ended slightly higher on Thursday, recovering from earlier losses, as a late rally in crude oil prices boosted energy stocks and telecom firm BT Group advanced after its strategic acquisition of mobile operator EE. The UK Oil and
Published 06 Feb, 2015 12:00am
China's yuan weakens

China's yuan weakens

China's yuan weakened on Thursday after the central bank cut banks' reserve requirement ratio for the first time in over two years to combat an economic slowdown and looming deflation. The cut also highlights a pick-up in capital outflows in recent months
Published 06 Feb, 2015 12:00am
Sri Lanka rupee forwards end weaker; seen falling

Sri Lanka rupee forwards end weaker; seen falling

Sri Lankan rupee forwards closed weaker on Thursday as policy uncertainty weighed on the currency, discouraging exporter selling of dollars amid importer demand, dealers said. One-month forwards ended at 133.80/95 per dollar compared with Monday's close o
Published 06 Feb, 2015 12:00am
With currency war threatening, speculators focus on Swedish crown

With currency war threatening, speculators focus on Swedish crown

Speculators are turning their attention to the Swedish crown, expecting it to weaken as Sweden reacts to the threat of a widening currency war in Europe. Sweden's Riksbank might open fire as early as next week by cutting interest rates to less than zero a
Published 06 Feb, 2015 12:00am
Egyptian pound holds steady

Egyptian pound holds steady

Egypt's pound sold for 7.53 per dollar at Thursday's central bank auction, and has now held at that level for three consecutive days, after weakening steadily since the middle of last month. The bank has let the official exchange rate weaken since January
Published 06 Feb, 2015 12:00am
Euro steadier in Asia

Euro steadier in Asia

The euro steadied slightly on Thursday, after sliding the previous day when the European Central Bank said it will no longer accept Greek bonds as collateral for its liquidity operations. The ECB's announcement dealt a blow to Athens, which is seeking deb
Published 06 Feb, 2015 12:00am
Euro rallies across the board in London

Euro rallies across the board in London

The euro rose strongly across the board on Thursday, gaining more than 1 percent against the Swiss franc, as traders speculated that the Swiss National Bank was again buying euros in order to weaken the franc. Having fallen around two US cents late on Wed
Published 06 Feb, 2015 12:00am
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