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Print - 2015-02-08
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 07, 2015)

Published 08 Feb, 2015 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 (February 07, 2015).

Published 08 Feb, 2015 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (February 07, 2015).

Published 08 Feb, 2015 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 (February 07, 2015).

Published 08 Feb, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 07, 2015).

Published 08 Feb, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 07, 2015).

Published 08 Feb, 2015 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee held the overnight levels versus the dollar on the local currency market on Saturday in the process of trading, dealers said. The rupee showed no change for the third day in terms of the dollar for buying and selling at Rs 101.50 and Rs 101.70 r
Published 08 Feb, 2015 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee held the overnight levels versus the dollar on the local currency market on Saturday in the process of trading, dealers said. The rupee showed no change for the third day in terms of the dollar for buying and selling at Rs 101.50 and Rs 101.70 r
Published 08 Feb, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (February 07, 2015).

Published 08 Feb, 2015 12:00am
Palm oil prices higher on European market

Palm oil prices higher on European market

Palm oil prices on the European market were higher on Friday after Indonesia's parliament approved a threefold increase in biodiesel subsidies. Dealers said the higher subsidy, which could take effect next month, would make blending profitable. Malaysian
Published 08 Feb, 2015 12:00am
CBOT wheat futures higher

CBOT wheat futures higher

Chicago Board of Trade wheat futures closed modestly higher Friday on technical buying, including short-covering, as the most-active March contract posted its first weekly rise in seven weeks, traders said. CBOT wheat was seen as oversold and due for a bo
Published 08 Feb, 2015 12:00am
Prices down on grain market

Prices down on grain market

Most of the commodities tended lower on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Moong Punjab lost Rs 150 to Rs 12125, Moong Afghan tended lower, shedding Rs 125 to Rs 12625 due to easy supply po
Published 08 Feb, 2015 12:00am
Indian coffee exports to fall

Indian coffee exports to fall

India's annual exports of coffee are set to drop by more than a tenth in the marketing year ending September 30, hit by lower output of the arabica variety as farmers' demand for higher prices erodes overseas competitiveness. Lower shipments by India, the
Published 08 Feb, 2015 12:00am
Egypt remains top buyer of French wheat in December

Egypt remains top buyer of French wheat in December

Egypt was the top destination for French soft wheat exports in December for the second month in a row, customs data showed on Friday. France has emerged as the leading supplier to Egypt's government wheat buyer this season as a slide in the euro has coinc
Published 08 Feb, 2015 12:00am
Thai sugar premiums almost steady, China buys from Guatemala

Thai sugar premiums almost steady, China buys from Guatemala

Thai raw sugar premiums held almost steady this week even as China bought some of the sweetener from Guatemala and trade deals for Brazilian sugar gathered momentum, dealers said. Although there were hardly any major trade in Thai sugar, dealers expect Ba
Published 08 Feb, 2015 12:00am
Oil cake market rates

Oil cake market rates

The January vaida opened lower on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The January contract closed at Rs 1566.40 on Wednesday, and it commenced the day with a fall of 20 paisa at Rs 1566.20, they said.
Published 08 Feb, 2015 12:00am
Prices trigger a tug of war on cotton market

Prices trigger a tug of war on cotton market

Thin trading was witnessed on the cotton market on Saturday as a tug of war over prices started between the ginners and mills, dealers said. The official spot rate was unchanged at Rs 4,850, dealers said. In the ready session, over 9,000 bales of cotton c
Published 08 Feb, 2015 12:00am
US FOB Gulf soya softer; corn, wheat flat

US FOB Gulf soya softer; corn, wheat flat

US FOB Gulf soyabean basis offers were steady to softer, adding to the drop in futures on Friday as China transitions its buying program to Brazil and Argentina, traders said. FOB Gulf wheat and corn basis values were unchanged late Friday, with the firme
Published 08 Feb, 2015 12:00am
Asian cocoa butter ratios hit 21-month low

Asian cocoa butter ratios hit 21-month low

Asia's cocoa butter ratios hit their lowest in 21 months as slow demand continued to push prices below cost for grinders, who are waiting for excess stocks of both butter and powder to dry up and trigger a reversal, traders said. The cocoa market is unusu
Published 08 Feb, 2015 12:00am
Cameroon coffee output up to 32,808 tonnes

Cameroon coffee output up to 32,808 tonnes

Cameroon produced 32,808 tonnes of coffee in the 2013/14 season, up from 16,665 tonnes the previous year, the National Cocoa and Coffee Board (NCCB) said at the launch of the new season. Cameroon is one of the few African producers of robusta and arabica
Published 08 Feb, 2015 12:00am
Ukraine's 2014-15 grain exports 21.9 million tonnes

Ukraine's 2014-15 grain exports 21.9 million tonnes

Ukraine exported 21.9 million tonnes of grain between July 1, 2014, and February 5, almost the same volume it exported a season earlier, the agriculture ministry said on Thursday. This included 8.7 million tonnes of wheat, 9.2 million tonnes of maize and
Published 08 Feb, 2015 12:00am
US natural gas futures fall to 2012 low

US natural gas futures fall to 2012 low

US natural gas futures fell for the third week in a row, hitting their lowest since June 2012, as near-record production trumped expectations for more cold over the next two weeks. Front-month gas futures on the New York Mercantile Exchange closed down 2.
Published 08 Feb, 2015 12:00am
EU wheat prices rise to one-week high

EU wheat prices rise to one-week high

European Union wheat futures rose on Friday to a one-week high, buoyed by earlier gains in Chicago and a drop in the euro that reinforced the bullish export prospects for EU wheat. The front-month March milling wheat contract on Paris-based Euronext was u
Published 08 Feb, 2015 12:00am
Indian soyabean futures drop on weak soyameal exports

Indian soyabean futures drop on weak soyameal exports

Indian soyabean futures ended weak on Friday on sluggish oil meal exports while soyaoil futures were higher tracking firm cues from Malaysian palm oil futures. India's oilmeal exports could drop 40 percent in the financial year that ends in March due to l
Published 08 Feb, 2015 12:00am
Lower prices of rice stimulate buyers in Iraq, Malaysia, Africa

Lower prices of rice stimulate buyers in Iraq, Malaysia, Africa

Falling prices for rice shipped from Asian exporters Thailand and Vietnam have prompted buyers in Iraq, Malaysia and Africa to come out to seal a few deals, traders said on Wednesday. "At current prices, buyers can start their purchases," a Vietnamese tra
Published 08 Feb, 2015 12:00am
African currencies seen under pressure

African currencies seen under pressure

Nigeria's naira is expected to remain volatile next week hit by the slide in crude prices after touching a new record low on Thursday, while other currencies are also seen on the back foot due to rising dollar demand from local importers.
Published 08 Feb, 2015 12:00am
Canadian dollar weakens

Canadian dollar weakens

The Canadian dollar weakened on Friday after robust US jobs data impressed the market more than a stronger-than-expected Canadian employment report, while a downgrade of Greece's credit rating also fuelled greenback buying. Both US and Canadian jobs figur
Published 08 Feb, 2015 12:00am
Near 1-in-3 chance euro hits parity with dollar this year

Near 1-in-3 chance euro hits parity with dollar this year

There is nearly a one-in-three chance the euro will fall to parity with the dollar or lower in the coming year, a Reuters poll of foreign exchange strategists shows, even as doubts grow over when US interest rates will rise. Fears of deflation following a
Published 08 Feb, 2015 12:00am
Dollar gains on strong jobs data, mid-year rate hike view

Dollar gains on strong jobs data, mid-year rate hike view

The US dollar advanced against major currencies on Friday after data showed solid US jobs growth and a strong rebound in wages in January, bolstering views that the Federal Reserve will hike interest rates by mid-year. The US Labour Department said nonfar
Published 08 Feb, 2015 12:00am
Brazil underperforms in otherwise firm market

Brazil underperforms in otherwise firm market

Latin American credits were headed for a mixed close on Friday, with Brazilian names underperforming while the rest of the region held up in price despite the widening in US Treasuries. "Brazilian corporate and sovereign bonds are somewhat under pressure
Published 08 Feb, 2015 12:00am
Speculators lift dollar longs; euro net shorts rise again

Speculators lift dollar longs; euro net shorts rise again

Speculators increased bets in favour of the US dollar in the latest week and pushed net shorts on the euro to their largest since June 2012, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net
Published 08 Feb, 2015 12:00am
Egypt central bank imposes cap on dollar deposits

Egypt central bank imposes cap on dollar deposits

The Egyptian central bank has struck another blow against the country's unofficial currency market, with a cap on the amount of dollars that can be deposited in banks, private bankers and a central bank source said on Thursday. The cap on deposits should
Published 08 Feb, 2015 12:00am
SEK, NOK to rise against euro

SEK, NOK to rise against euro

Sweden and Norway's currencies are expected to make modest gains against the euro over the coming year as the ECB's quantitative easing programme drives down the single currency, outweighing expected looser monetary policy in the Nordic region. In January
Published 08 Feb, 2015 12:00am
Emerging FX outlook remarkably unchanged despite volatility

Emerging FX outlook remarkably unchanged despite volatility

The outlook for emerging currencies has remained remarkably steady through a sharp increase in market volatility, sticking to the view the US Federal Reserve will stay on course and hike rates as planned this year, a Reuters poll showed. Forecasts for cur
Published 08 Feb, 2015 12:00am
Directors at Warsaw-listed Global City Holdings want to delist

Directors at Warsaw-listed Global City Holdings want to delist

The board of directors at Warsaw-listed Global City Holdings said late on Friday they wanted the group to delist from the Warsaw Stock Exchange , offering shareholders around 40 zlotys per each share. The offer, which values the company at 2.05 billion zl
Published 08 Feb, 2015 12:00am
Anthem warns US customers of email scam after data breach

Anthem warns US customers of email scam after data breach

Health insurer Anthem Inc on Friday warned US customers about an email scam targeting former and current members whose personal information was suspected to have been breached in a massive cyber attack. The No 2 US health insurer said on Wednesday that ha
Published 08 Feb, 2015 12:00am
'River of rain' begins falling on drought-stricken California

'River of rain' begins falling on drought-stricken California

A so-called "atmospheric river of rain" began falling on Northern California on Friday, bringing worries about flash floods, high winds and mudslides but offering little relief to a state that has been left parched by several years of drought. The storm,
Published 08 Feb, 2015 12:00am
State intervention could help Italy banks offload bad debts

State intervention could help Italy banks offload bad debts

State intervention could help Italian banks offload soured loans, the governor of the Bank of Italy said on Saturday as the government considers options to mop up problematic debts and revive bank lending to the economy. Bad loans stood at 181 billion eur
Published 08 Feb, 2015 12:00am
State intervention could help Italy banks offload bad debts

State intervention could help Italy banks offload bad debts

State intervention could help Italian banks offload soured loans, the governor of the Bank of Italy said on Saturday as the government considers options to mop up problematic debts and revive bank lending to the economy. Bad loans stood at 181 billion eur
Published 08 Feb, 2015 12:00am
Greece says has no cash problem, to present plan next week

Greece says has no cash problem, to present plan next week

Greece said on Saturday it had no short-term cash problem and that it will hand its European Union partners a comprehensive plan next week for managing the transition to a new debt deal. The EU has warned time is running out to avoid a financing crisis in
Published 08 Feb, 2015 12:00am
Volkswagen will close no factories in cost-cutting drive

Volkswagen will close no factories in cost-cutting drive

German carmaker Volkswagen has no plans to close any factories as part of its cost-cutting plan, chief executive Martin Winterkorn said on Saturday. Europe's largest automaker announced plans in July to cut 5 billion euros of costs at its core VW division
Published 08 Feb, 2015 12:00am
Porsche to recall 14,571 cars in China

Porsche to recall 14,571 cars in China

Germany's Porsche will recall 14,571 cars in China due to defective camshaft adjusters, the national quality watchdog said. Recalled cars include several imported Panamera models made from April 2009 to September 2011 and two imported Cayenne models made
Published 08 Feb, 2015 12:00am
Ford to roll out six new models in Russia

Ford to roll out six new models in Russia

US automaker Ford will roll out six new models in Russia this year, Chief Executive Mark Fields was quoted as saying, despite the country's sagging economy and rising tensions over the conflict in Ukraine. Russia's currency and economic woes were cited in
Published 08 Feb, 2015 12:00am
Malaysia''s 1MDB calls off $2.4 billion sukuk for power project

Malaysia''s 1MDB calls off $2.4 billion sukuk for power project

Troubled state-owned investment fund 1Malaysia Development Bhd (1MDB) has called off plans to sell up to 8.4 billion ringgit ($2.4 billion) of Islamic bonds, two people familiar with the issue told Reuters on Saturday. The Islamic bond or sukuk had been e
Published 08 Feb, 2015 12:00am
Malaysia's 1MDB calls off $2.4 billion sukuk for power project

Malaysia's 1MDB calls off $2.4 billion sukuk for power project

Troubled state-owned investment fund 1Malaysia Development Bhd (1MDB) has called off plans to sell up to 8.4 billion ringgit ($2.4 billion) of Islamic bonds, two people familiar with the issue told Reuters on Saturday. The Islamic bond or sukuk had been e
Published 08 Feb, 2015 12:00am
Malaysia's 1MDB calls off $2.4 billion sukuk for power project

Malaysia's 1MDB calls off $2.4 billion sukuk for power project

Troubled state-owned investment fund 1Malaysia Development Bhd (1MDB) has called off plans to sell up to 8.4 billion ringgit ($2.4 billion) of Islamic bonds, two people familiar with the issue told Reuters on Saturday. The Islamic bond or sukuk had been e
Published 08 Feb, 2015 12:00am
Supermarket chain rejects 'hoarding' charge

Supermarket chain rejects 'hoarding' charge

A private supermarket chain taken over by the Venezuelan government denied on Saturday accusations of food hoarding, amid huge lines and shortages in the crisis-hit country. President Nicolas Maduro on Friday ordered the government takeover of the Dia a D
Published 08 Feb, 2015 12:00am
Venezuela made $250 million interest payment on 2031 bond: minister

Venezuela made $250 million interest payment on 2031 bond: minister

Venezuela fulfilled $250 million in debt servicing obligations this week, the government said late on Friday, paying interest on its 2031 bond amid growing concerns over the finances of the oil-dependent country. "Today Venezuela paid 250,950,000 (dollars
Published 08 Feb, 2015 12:00am
Venezuela made $250 million interest payment on 2031 bond: minister

Venezuela made $250 million interest payment on 2031 bond: minister

Venezuela fulfilled $250 million in debt servicing obligations this week, the government said late on Friday, paying interest on its 2031 bond amid growing concerns over the finances of the oil-dependent country. "Today Venezuela paid 250,950,000 (dollars
Published 08 Feb, 2015 12:00am
SNB will be active in FX market if needed: Jordan

SNB will be active in FX market if needed: Jordan

The Swiss National Bank is prepared to intervene in foreign exchange markets and has room to lower already negative interest rates if necessary to weaken the franc, the central bank's chairman said. "We are observing the exchange rate situation as a whole
Published 08 Feb, 2015 12:00am
US West Coast ports to partially close

US West Coast ports to partially close

US West Coast ports will partially close this weekend due to a dispute between staff and bosses along the key trade frontline with Asia, officials said Friday. The Pacific Maritime Association, which represents employers, announced the suspension of loadi
Published 08 Feb, 2015 12:00am
Hollande says hopes motorway deal to come within days

Hollande says hopes motorway deal to come within days

French President Francois Hollande said on Saturday he hoped a deal to end a dispute over toll-road tariffs, that has hit shares of motorway operators, would come within days. The Socialist government is trying to revise what it considers over-generous co
Published 08 Feb, 2015 12:00am
Cross-border lending on the mend in the eurozone

Cross-border lending on the mend in the eurozone

Cross-border lending is growing in the eurozone for the first time since the bloc's financial crisis prompted banks to retreat from highly indebted countries such as Spain, Greece, Ireland and Italy. Cross-border bank credit grew by 1 percent in the year
Published 08 Feb, 2015 12:00am
Cross-border lending on the mend in the eurozone

Cross-border lending on the mend in the eurozone

Cross-border lending is growing in the eurozone for the first time since the bloc's financial crisis prompted banks to retreat from highly indebted countries such as Spain, Greece, Ireland and Italy. Cross-border bank credit grew by 1 percent in the year
Published 08 Feb, 2015 12:00am
EU clears record 1.67 million tonnes wheat export licences

EU clears record 1.67 million tonnes wheat export licences

The European Union this week granted export licences for a record 1.67 million tonnes of soft wheat, taking the total since the beginning of the 2014/15 (July-June) season to 18.4 million tonnes, official data showed on Thursday. The previous record for w
Published 08 Feb, 2015 12:00am
India starts selling cotton to cut back large stockpiles

India starts selling cotton to cut back large stockpiles

India on Tuesday kicked off a sale of government cotton stockpiles, putting a first tranche of 5,100 bales up for auction. The state-run Cotton Corp of India (CCI) is being forced to sell cotton into a weak market as it struggles to store purchases of aro
Published 08 Feb, 2015 12:00am
US oil rig count falls to lowest since December 2011

US oil rig count falls to lowest since December 2011

The number of rigs drilling for oil in the United States fell by 83 this week to 1,140 - the lowest since December 2011 - a survey showed on Friday, a clear sign of the pressure that tumbling crude prices have put on oil producers. That was a ninth straig
Published 08 Feb, 2015 12:00am
ICE cotton falls on strong dollar; closes week up

ICE cotton falls on strong dollar; closes week up

ICE cotton fell Friday on a stronger dollar and weaker grain prices after climbing to a more than five-week high in early trading, but posted its strongest weekly gain in nearly five months because of short-covering and strong export sales. The most activ
Published 08 Feb, 2015 12:00am
India's natural rubber imports jump 47 percent

India's natural rubber imports jump 47 percent

India's natural rubber imports in January jumped 47 percent from a year earlier to 30,441 tonnes as lower prices in world markets prompted tyremakers to increases overseas purchases, an official with the state-run Rubber Board said on Friday. India import
Published 08 Feb, 2015 12:00am
India overtook US as buyer of Chilean copper in 2014

India overtook US as buyer of Chilean copper in 2014

India overtook the United States to become the fourth-largest overall importer of copper from Chile in 2014, according to figures published by the Andean country's state copper commission Cochilco this week. The world's top producer, Chile exported a seve
Published 08 Feb, 2015 12:00am
US cotton farmers seen cutting acreage 15 percent this year

US cotton farmers seen cutting acreage 15 percent this year

US cotton farmers are expected to reduce acreage by nearly 15 percent this year as weak market prices force them to switch to other crops, an industry group concluded following a survey. The National Cotton Council (NCC) expects plantings in the world's b
Published 08 Feb, 2015 12:00am
Egypt's Al Nouran plant sugar to start operations in Q4 2016

Egypt's Al Nouran plant sugar to start operations in Q4 2016

Egypt's Al Nouran sugar production facility, a 2.5 billion Egyptian pound ($357 million) project, will begin operations in the last quarter of 2016, the firm's chairman and chief executive officer Ashraf Mahmoud told Reuters on Sunday. "In the last quarte
Published 08 Feb, 2015 12:00am
More Chinese iron ore mines seen shutting in 2015

More Chinese iron ore mines seen shutting in 2015

About a third of China's iron ore mines have halted production and this could rise as high as 45 percent by the end of the year if the price of the steelmaking raw material stays below $70 a tonne, a local mining executive said on Thursday. "I think this
Published 08 Feb, 2015 12:00am
Nigeria allocates crude-for-product swaps, Trafigura out

Nigeria allocates crude-for-product swaps, Trafigura out

Nigeria's state owned Pipelines and Product Marketing Co (PPMC) has reduced the number of oil traders getting crude-for-product swap contracts in 2015, leaving out Swiss trader Trafigura for the first time, trading sources close to the matter said. Local
Published 08 Feb, 2015 12:00am
Euronext launches new wheat futures to speed up quality changes

Euronext launches new wheat futures to speed up quality changes

Exchange operator Euronext said on Thursday it will launch a new wheat futures contract next month in response to urgent calls for it to adopt higher quality standards for grain traded on its Paris-based market. Euronext is under pressure to revamp its wh
Published 08 Feb, 2015 12:00am
Gold lower in New York by strong jobs data

Gold lower in New York by strong jobs data

Gold fell more than 2 percent on Friday as global stock markets and the dollar rose on stronger-than-expected US jobs data, raising expectations that the Federal Reserve will increase interest rates by midyear. US nonfarm payrolls increased by 257,000 las
Published 08 Feb, 2015 12:00am
Oil surges in volatile trading week; gold declines

Oil surges in volatile trading week; gold declines

World oil prices surged this week after recent heavy losses, aided by signs of tightening US supplies according to analysts. Crude futures shot higher in volatile trading as data revealed production cuts that could curb the supply glut. The Baker Hughes N
Published 08 Feb, 2015 12:00am
Iran tells West President Rouhani at risk if talks fail: officials

Iran tells West President Rouhani at risk if talks fail: officials

Iran's foreign minister has warned the United States that failure to agree a nuclear deal would likely herald the political demise of pragmatist President Hassan Rouhani, Iranian officials said, raising the stakes as the decade-old stand-off nears its end
Published 08 Feb, 2015 12:00am
Turkish spymaster Fidan quits to contest parliamentary election

Turkish spymaster Fidan quits to contest parliamentary election

The head of Turkey's intelligence service, Hakan Fidan, one of President Tayyip Erdogan's closest confidants, has resigned to run in a parliamentary election in June, two senior Turkish officials said on Saturday. Fidan, who played a key role in trying to
Published 08 Feb, 2015 12:00am
Coalition planes bomb IS 'capital' in Syria

Coalition planes bomb IS 'capital' in Syria

Coalition warplanes pounded a stronghold of the Islamic State group in Syria Saturday amid uncertainty over the fate of a US hostage the jihadists claim was killed in an earlier raid. The United Arab Emirates, meanwhile, said it would station a squadron o
Published 08 Feb, 2015 12:00am
Labour to take action against UK tax havens if it wins election

Labour to take action against UK tax havens if it wins election

Britain's opposition Labour party will demand that British tax havens are put on an international blacklist unless they clamp down on tax avoidance, leader Ed Miliband said, promising action if he wins May's election. Miliband, whose party is level in the
Published 08 Feb, 2015 12:00am
Labour to take action against UK tax havens if it wins election

Labour to take action against UK tax havens if it wins election

Britain's opposition Labour party will demand that British tax havens are put on an international blacklist unless they clamp down on tax avoidance, leader Ed Miliband said, promising action if he wins May's election. Miliband, whose party is level in the
Published 08 Feb, 2015 12:00am
Kenyan lawmaker shot dead in Nairobi

Kenyan lawmaker shot dead in Nairobi

A Kenyan lawmaker was shot dead in the capital early on Saturday, in an incident likely to increase pressure on President Uhuru Kenyatta's government over insecurity in the east African nation. Frequent attacks blamed on militant Islamists hammered Kenya'
Published 08 Feb, 2015 12:00am
China to have most robots in world by 2017

China to have most robots in world by 2017

China will have more robots operating in its production plants by 2017 than any other country as it cranks up automation of its car and electronics factories, the International Federation of Robotics (IFR) said on Thursday. Already the biggest market in t
Published 08 Feb, 2015 12:00am
Russian-backed rebels massing to attack key Ukrainian towns

Russian-backed rebels massing to attack key Ukrainian towns

Pro-Russian separatists have intensified shelling of government forces on all front lines and appear to be amassing forces for new offensives on the key railway town of Debaltseve and the coastal city of Mariupol, Ukraine's military said on Saturday. Five
Published 08 Feb, 2015 12:00am
Gulf countries condemn Houthi takeover in Yemen as a 'coup'

Gulf countries condemn Houthi takeover in Yemen as a 'coup'

The Gulf Co-operation Council has accused Shia Houthi rebels of staging a coup in Yemen after they announced they were dissolving parliament and forming a new government, Kuwait's official news agency said on Saturday. The opposition of the GCC, a six-nat
Published 08 Feb, 2015 12:00am
US Navy takes action to address wiring, fuel line issues

US Navy takes action to address wiring, fuel line issues

The US Navy on Friday announced further actions to fix wiring and fuel line problems on its CH-53E and MH-53E heavy-lift helicopters that caused a deadly crash in January 2014, including a temporary ban on in-flight fuel transfers. The Navy also said it w
Published 08 Feb, 2015 12:00am
Nine killed in Bangladesh fire bomb attacks

Nine killed in Bangladesh fire bomb attacks

At least nine people, including two children, were burned alive in Bangladesh when opposition activists hurled petrol bombs at a packed bus and a truck in the latest spasm of worsening political violence, police said on Saturday. The opposition Bangladesh
Published 08 Feb, 2015 12:00am
South African anti-apartheid author dies

South African anti-apartheid author dies

South African anti-apartheid writer Andre Brink, 79, died on Friday after suffering a blood clot while on a plane to Cape Town from a Belgian University where he was collecting an honorary doctorate, local media said. Brink, who wrote in English and Afrik
Published 08 Feb, 2015 12:00am
UK rejects 'irrelevance' jibe over omission from Ukraine talks

UK rejects 'irrelevance' jibe over omission from Ukraine talks

Britain on Saturday rejected suggestions that Prime Minister David Cameron had become an "irrelevance" because he was not involved in talks with Russia's President Vladimir Putin to end the crisis in Ukraine. French President Francois Hollande and German
Published 08 Feb, 2015 12:00am
HDFC Bank's India offer oversubscribed

HDFC Bank's India offer oversubscribed

HDFC Bank's $324 million share offering in India was more than 4 times oversubscribed, according to bankers and investors, a strong reception that is expected to encourage a rush of domestic equity sales from other companies. The private sector bank launc
Published 08 Feb, 2015 12:00am
Planet Fitness plans IPO

Planet Fitness plans IPO

Fitness chain Planet Fitness Holdings LLC, known for its "judgement free zone" and low prices, is preparing for an initial public offering that could value it at more than $2 billion, including debt, according to people familiar with the matter. Planet Fi
Published 08 Feb, 2015 12:00am
Planet Fitness plans IPO

Planet Fitness plans IPO

Fitness chain Planet Fitness Holdings LLC, known for its "judgement free zone" and low prices, is preparing for an initial public offering that could value it at more than $2 billion, including debt, according to people familiar with the matter. Planet Fi
Published 08 Feb, 2015 12:00am
European IPO market has strongest start to year since 1970s

European IPO market has strongest start to year since 1970s

Companies listing on European stock markets for the first time have raised a total of $3.8 billion so far in 2015, the largest sum at this stage of the year since Thomson Reuters started compiling the data in the 1970s. Sixteen companies have conducted in
Published 08 Feb, 2015 12:00am
REITs shine on strong demand but some fear the party's over

REITs shine on strong demand but some fear the party's over

Real estate stocks have been on a tear for more than a year, jumping almost 7 percent in January alone, but a recent dip suggests some are worried about too-high valuations, despite the sector's strong fundamentals. Last month's jump was driven by the sta
Published 08 Feb, 2015 12:00am
REITs shine on strong demand but some fear the party's over

REITs shine on strong demand but some fear the party's over

Real estate stocks have been on a tear for more than a year, jumping almost 7 percent in January alone, but a recent dip suggests some are worried about too-high valuations, despite the sector's strong fundamentals. Last month's jump was driven by the sta
Published 08 Feb, 2015 12:00am
Indonesia raises $1.27 billion at bond auction

Indonesia raises $1.27 billion at bond auction

Indonesia sold 16 trillion rupiah ($1.27 billion) of conventional bonds at an auction on Tuesday, above an indicative target of 12 trillion rupiah, an official from the finance ministry's debt office said. The weighted average yield of three-month T-bills
Published 08 Feb, 2015 12:00am
Indonesia raises $1.27 billion at bond auction

Indonesia raises $1.27 billion at bond auction

Indonesia sold 16 trillion rupiah ($1.27 billion) of conventional bonds at an auction on Tuesday, above an indicative target of 12 trillion rupiah, an official from the finance ministry's debt office said. The weighted average yield of three-month T-bills
Published 08 Feb, 2015 12:00am
Yields jump, curve flattens

Yields jump, curve flattens

US Treasury yields jumped on Friday, and the yield curve flattened after a report showed that US job growth rose solidly in January and wages rebounded strongly, raising some bets that the Federal Reserve may act sooner to raise interest rates. Nonfarm pa
Published 08 Feb, 2015 12:00am
Yields jump, curve flattens

Yields jump, curve flattens

US Treasury yields jumped on Friday, and the yield curve flattened after a report showed that US job growth rose solidly in January and wages rebounded strongly, raising some bets that the Federal Reserve may act sooner to raise interest rates. Nonfarm pa
Published 08 Feb, 2015 12:00am
Myanmar defends lacklustre bond sale

Myanmar defends lacklustre bond sale

Myanmar's Central Bank on Thursday defended its first sale of government debt under the reformist regime as "successful", despite selling less than half of the $50 million offering, as it looks to finance rising state spending. In the latest of a string o
Published 08 Feb, 2015 12:00am
Myanmar defends lacklustre bond sale

Myanmar defends lacklustre bond sale

Myanmar's Central Bank on Thursday defended its first sale of government debt under the reformist regime as "successful", despite selling less than half of the $50 million offering, as it looks to finance rising state spending. In the latest of a string o
Published 08 Feb, 2015 12:00am
Gilead's deep discounts fuel investor worries about drug pricing

Gilead's deep discounts fuel investor worries about drug pricing

Investors reassessed their growth expectations for the red-hot biotechnology sector on Wednesday after Gilead Sciences Inc warned of steep drug discounts, but a number of fund managers seemed prepared to stick with the stocks. Gilead disclosed late on Tue
Published 08 Feb, 2015 12:00am