US stocks extended their losses in late morning trading on Friday after weak GDP and consumer sentiment data added to investor concerns about the strength of the economy.
US stocks eased on Thursday as mixed messages about Greece's debt talks kept investor uncertainty high along with a sharp drop in Chinese shares after brokers tightened margin rules. Seven of the 10 major S&P 500 sectors were lower, with the industrials s
Hong Kong stocks dipped on Friday, with investors staying cautious after the previous session's slide triggered by a tumble in mainland markets. The Hang Seng index fell 0.1 percent, to 27,424.19, while the China Enterprises Index lost 0.6 percent, to 14,
Long-dated US Treasury yields edged higher on profit-taking and new corporate supply, while short-dated yields fell after solid demand at a seven-year note auction indicated little concern about the eventual pace of Federal Reserve rate hikes. US 30-year
Long-dated US Treasury yields edged higher on profit-taking and new corporate supply, while short-dated yields fell after solid demand at a seven-year note auction indicated little concern about the eventual pace of Federal Reserve rate hikes. US 30-year
Sri Lankan shares ended near a three-week low on Friday led by large-caps and foreign selling in bluechips while investors cautiously bought the island nation's risky assets due to political uncertainty ahead of a parliament poll. The main stock index end
India's NSE index rose 1.4 percent on Friday as investors saw a four-session losing streak as overdone, while gains in regional markets and expectation of a rate cut by the central bank next week also helped sentiment. Traders said markets have broadly pr
European shares fell on Friday, setting them on course for a weekly loss, as investors were unnerved by conflicting signals from Greece's debt talks and data showing private loan growth in the euro zone stalled last month. The pan-European FTSEurofirst 30
Australian shares returned to the black on Friday after two days of falls as investors adopted a cautious "buy on dips" strategy with broad-based gains across all sectors as the month came to a close. Banks led Friday's rally with the S&P/ASX 200 index hi
Most Southeast Asian stock markets fell on Friday, with the Singapore index ending at a more-than-two-month low amid selling in large-cap banks while Thai shares ended little changed after weak private consumption and investment data in April. Singapore's
Britain's top share index fell sharply late on Friday as US stocks dropped, taking the shine off May's gains. The FTSE 100 index had fallen 56.49 points, or 0.8 percent at 6,984.43 by the close. The majority of the decline came in the last half hour of tr
China's yuan was steady against the dollar on Friday after the central bank fixed a little changed guidance rate and it was set to show a marginal loss for the week. The People's Bank of China (PBOC) set the midpoint rate at 6.1196 per dollar before the m
The dollar edged down in Asian trading on Friday, taking a breather from this week's rally that brought it to its highest levels against the yen since 2002 on growing expectations that the US Federal Reserve would raise interest rates this year. Market pa
The dollar index steadied on Friday and was set to resume a monthly winning streak after a break in April, with investors likely to look past soft first-quarter US growth numbers after recent activity data pointed to a more sustained recovery. That, along
The dollar was mixed on Friday with month-end selling after a recent rally, as traders saw little in weak first-quarter US gross domestic product data to discourage bets the Federal Reserve will start raising interest rates in 2015. The dollar index was u
The dollar climbed to a 12-1/2-year high against the yen on Thursday before pulling back as investors bet that US interest rates will rise later this year while Japan's monetary policy remains ultra-loose. The latest data on US jobless claims and pending
Sri Lankan rupee forwards ended steady on Friday as pressure on them eased amid hopes the local currency would gain after the island nation sold a 10-year, $650 million sovereign bond at a yield of 6.125 percent. Actively traded three-month forwards ended
Most emerging Asian currencies edged up on Friday as the dollar took a breather from this week's rally, while regional units were set to post monthly losses in May on growing expectations for a US interest rate hike this year. South Korea's won failed to
South Africa's rand weakened for the second straight day against the dollar on Friday, hitting a session trough after data from the revenue service showed a trade deficit for April, the latest sign of a struggling economy. The local unit was within easy r
Sterling fell for a sixth straight day against the dollar on Friday, its worst run in nine months, erasing all gains made since national elections three weeks ago as investors worried about a possible "Brexit" from the European Union. The pound had rallie
The Australian and New Zealand dollars nursed deep losses on Friday as speculation of interest rate cuts at home contrasted with the outlook for a hike in the United States later in the year. The Australian dollar was at $0.7660, having touched a 6-week t
New Zealand, after losing the toss, were 297 for eight against England at stumps on the first day of the second Test at Headingley on Friday. Mark Craig was 16 not out and Matt Henry 14 not out after Test debutant Luke Ronchi (88) and Tom Latham (84) put
James Anderson became the first England bowler to take 400 Test wickets as he induced a New Zealand top-order slump on the first day of the second Test at Headingley on Friday. But New Zealand recovered to 123 for three at tea on a rain-marred day after b
Azhar Ali hit a solid hundred to help Pakistan win their first one-day series in 17 months with a thumping six-wicket win in the second day-night international against Zimbabwe in Lahore on Friday. Ali scored a 104-ball 102 for his second one-day century
Legendary paceman Wasim Akram Friday declared cricket cannot be kept away from Pakistan after watching the passion and successful staging of a limited over series against Zimbabwe - the country's first in six years. The 49-year-old former captain said wat
Swiss pair Roger Federer and Stan Wawrinka both eased into the last 16 of the French Open on Friday as hopes of a first home winner in 32 years were boosted. Second-seeded Federer, whose sole title win in Paris came in 2009, reached the fourth round for t
Defending champion Maria Sharapova reached the French Open last-16 on Friday although she appeared on the verge of tears at the end of her straight-sets win over Samantha Stosur. The world number two made the fourth round for the 11th time with a 6-3, 6-4
Palestinian football chief Jibril Rajoub withdrew his association's bid to have FIFA suspend Israel from international football on Friday before shaking hands with his Israeli counterpart. "I have decided to drop the resolution for the suspension," Rajoub
Sepp Blatter was re-elected president of FIFA for a fifth term on Friday after the only other candidate conceded defeat after a first round of voting in an election overshadowed by allegations of corruption in world soccer. Blatter's victory came despite
Germany's foreign minister warned Friday that the situation in Ukraine's separatist east was turning more "fragile" and required all sides to focus their efforts on salvaging a three-month truce. Frank-Walter Steinmeier flew into Kiev just days before Ukr
Belgium and the Netherlands have launched probes into claims of widespread espionage by Germany, which is accused of helping the US spy on Berlin's closest allies in Europe, officials said Friday. The separate investigations follow reports that Germany's
Southeast Asian nations agreed on Friday to intensify search and rescue efforts to help vulnerable "boat people" stranded in the region's seas, as Myanmar said its navy had seized a vessel off its coast with more than 700 migrants aboard. More than 4,000
Myanmar released the results of its first nation-wide census in 30 years on Friday, but the survey excluded the country's Muslim Rohingya minority, who complain of deep state-sanctioned discrimination. Most of Myanmar's 1.1 million Rohingya are stateless
China recently deployed two artillery pieces on one of its artificial islands in the contested South China Sea, US defence officials said Friday, in an unprecedented move that will heighten suspicion of Beijing's intentions. The heavy weapons, since remov
Almost 40 countries pledged Friday to do more to protect students caught up in conflicts, including Nigeria and Afghanistan both of which have suffered armed attacks on schools in recent years. "Targeted attacks on education are robbing a generation of th
New Nigerian President Muhammadu Buhari promised on Friday to eradicate the militants of Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected l
German Chancellor Angela Merkel vowed Friday to help keep Britain in the EU by working on reforms with Prime Minister David Cameron, even keeping the door open to treaty change. Offering a warm and conciliatory tone to visiting Cameron - who had received
Foreign fighters bent on joining jihadists in Syria, Iraq and North Africa are changing tactics to avoid detection, increasingly resorting to tortuous travel routes and relying on middlemen, Interpol said Friday. Interpol chief Juergen Stock told a specia
Some 200 mostly Eritrean migrants heading northwards from Italy were turned back by police in the Italian Alps on Friday and left sleeping in train stations as European countries tightened frontier checks before a global summit in Germany. EU countries ar
Burundi's government insisted Friday that the first stage of controversial elections will go ahead next week despite the central African nation's ongoing political crisis. Interior Minister Edouard Nduwimana said that even after the withdrawal of support
Rwanda on Friday slapped an indefinite ban on BBC local language broadcasts as punishment for a controversial documentary on the central African country's leadership and the 1994 genocide. The Rwanda Utilities Regulatory Authority (RURA) said the BBC radi
The Patients Welfare Society Sir Ganga Ram Hospital is striving hard to provide healthcare facilities to the poor and deserving patients with the financial assistance of philanthropists. The Society had provided treatment facilities to 806 patients during
Punjab Chief Minister Shahbaz Sharif during a meeting with Governor Rafique Rajwana discussed matters of mutual interest and development programmes. Shahbaz also congratulated two new provincial ministers Rana Sanaullah Khan and Doctor Ayesha Ghaus Pasha
The Sindh High Court on Friday issued notice to SSP Malir Rao Anwar to respond to a petition filed by wife of an alleged RAW agent, belonging to Muttahida Qaumi Movement, seeking an inquiry into confessional statement of her husband regarding his connecti
Islamabad High Court (IHC) on Friday reserved its judgement on the maintainability of the petition filed by four former inspectors general of Police against the dismissal and suspension of key police officials, who avoided 'use of force' against the prote
Finance Minister Senator Ishaq Dar has constituted a high level committee to resolve a dispute between Port Qasim Authority (PQA) and Federal Board of Revenue (FBR) regarding exemption in duty for four tug boats procured to escort and harbour operation of
Finance Minister Senator Ishaq Dar has constituted a high level committee to resolve a dispute between Port Qasim Authority (PQA) and Federal Board of Revenue (FBR) regarding exemption in duty for four tug boats procured to escort and harbour operation of
Sindh Information Minister and PPP leader Sharjeel Memon on Friday dismissed media reports that his house was raided by law enforcement agencies personnel. The minister categorically denied that any raid at his residence had taken place. In a TV interview
The third five-day workshop as part of a series of a five-week-long different indigenous on campus training (IOT) workshops for Management Cadre (BPS-16 and above) ended at Sindh University, Jamshoro, here on Friday amidst rounds of applauses and accolade
Dengue Review Committee Nishter Town Chairman Waheed Alam Khan has claimed that a campaign against the dengue fever is a continuing effort and "we will uphold our campaign against this curse." "The government has provided record funds to health sector for
A total of 3577 laptops were distributed among the students of University of Sindh, Jamshoro, on Friday under the 'Prime Minister's Youth Programme' scheme. A ceremony to distribute laptops to deserving students was held at the university's Institute of B
The Sindh High Court on Friday reserved its verdict on a petition challenging Sindh government's powers to carry out delimitations for the local government elections. A division bench headed by Justice Sajjad Ali Shah reserved the verdict after hearing fi
The Federal Board of Revenue (FBR) Friday directed computer industry to provide purchase prices applicable for laptops from manufacturers in UAE before taking any decision on the proposal of fixed tax regime on computers in federal budget 2014-15. It is l
MOL Group has announced the winners of the Freshhh competition 2015. The top five teams out of 2,210 international teams compete against each other at the live final event in Budapest, Hungary. The team "Just ask Siri" with three students from the Univers
Operation Burq, KE's campaign against defaulters and thieves continued with some positive results as some residential and commercial thieves were targeted. Releasing the details of the ongoing operation it is said that the law enforcing agencies along wit
The APNS Executive Committee has taken a very dismal view of the failure of the Federal Government to honour its verbal and written pledges to clear the reported dues of member publications/advertising agencies despite clear instructions of the Prime Mini
Technical Education and Vocational Training Authority (Tevta) has signed a memorandum of understanding with the Media Advocacy Centre (MAC) here on Friday to train skilled manpower in media related courses. Tevta Chairperson Irfan Qaiser Shaikh and his co
Speaker National Assembly Sardar Ayaz Sadiq met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Friday. Matters of mutual interest and development projects were discussed in the meeting. The Chief Minister said that national economy has stabilised
The Punjab mines and minerals minister has claimed that his government is focusing on resolving the chronic issue of energy shortages and special measures are being taken in the next year's provincial budget.
Chairman of All Pakistan Textile Mills Association (Aptma) S M Tanveer has warned that the textile industry is facing a huge liquidity crunch following withholding of fuel prices adjustments worth Rs 40 billion by the Central Power Purchase Agency for Apr
At least two persons believed to be activists of Jamaat-i-Islami (JI) were killed and another injured in firing incident here on Friday. Police said that unknown miscreants opened fire at the people present at a hotel in Swabi. Two persons, said to be mem
Senior Member Board of Revenue Nadeem Ashraf has announced that the electronic stamp paper will be introduced in Lahore on June 8, to combat forger mafia after which its scope will be expanded throughout the province. He said the person purchasing the sta
The Business community of South Punjab has hailed the government's decision to exempt the industrial sector from power load-shedding and uninterrupted power supply to the industry in order to meet the export orders. President of Multan Chamber of Commerce
The Punjab University Institute of Social and Cultural Studies will establish a "Pak-China Resettlement Centre" in collaboration with the Hohai University in China to expand its international collaboration and academic networks.
The Punjab Information Technology Board (PITB) has made the current wheat procurement at 376 government procurement centres efficient and transparent across the province. Board Chairman Doctor Umar Saif claimed on Friday that his board had developed a sma
Punjab Minister for Education and Youth Affairs Rana Mashhood Ahmed Khan has claimed that only the youth could save Pakistan from terror and that the Punjab government will soon start a programme to sponsor toppers in various grades to get admission in th
After incidents of roof collapses of private schools' buildings injuring students, Punjab Chief Minister Shahbaz Sharif has directed the concerned authorities to conduct survey of private schools' buildings in the province and evolve a system of annual in
"The Punjab Education Foundation (PEF) is giving special attention to promote free schooling in education-wise backward, remote and far-flung areas where economically deprived communities cannot benefit from routine schooling infrastructure due to differe
The Progressive Group in the Lahore Chamber of Commerce and Industry (LCCI) has welcomed the consensus developed by the country's political leadership on the western route of the China-Pakistan Economic Corridor. Group President Khalid Usman in a meeting
Punjab Chief Minister Muhammad Shahbaz Sharif has welcomed consensus among political parties over China Pakistan Economic Corridor route/project and said it would augurs well and the national leadership has once again displayed political wisdom and sagaci
Pakistan is currently home to approximately 41.4m undernourished people, according to the UN FAO Hunger Map 2015 - about 22pc of the country's population. While the number of hungry in India has shown a decline over the last 25 years, the number of undern
Railways officials on Friday revealed that stay orders by courts of law, heavy resistance from the encroachers, registration of FIRs against the officials and non-co-operation are major problems being faced while removing the encroachments. This was revea
Directorate General of Internal Audit Inland Revenue has detected that most of the housing schemes/estate developers are not deducting withholding tax as per law, prompting Chairman Federal Board of Revenue (FBR) to order recovery action against the non-d
Advisor to Prime Minister on National Security and Foreign Affairs Sartaj Aziz called on Afghan Foreign Minister Salahuddin Rabbani on Friday in Kuwait on the sidelines of the 42nd OIC Council of Ministers. The two ministers reviewed the implementation of
Khyber Pakhtunkhwa police has rounded up 340 suspects and recovered huge cache of arms and ammunitions in the ongoing search and strike operation being conducted under national action plan (NAP) throughout the province. During the operation conducted in d
Pakistan has strongly condemned a suicide terrorist attack at a mosque in Dammam during Friday prayers, which resulted in the loss of four innocent lives and injuries to five people. "We share the grief of the brotherly people of the Kingdom of Saudi Arab
Newly appointed High Commissioner of Canada to Pakistan Ms Heather Cruden called on Secretary Defence Lieutenant General Muhammad Alam Khattak (Retd) here at the Ministry of Defence on Friday. She is taking up her new assignment in Pakistan and wanted to
National Assembly Standing Committee on Cabinet Secretariat has shown strong resentment over failure of Capital Development Authority (CDA) in stopping the mushroom growth of illegal housing societies and Katchi Abadies in Islamabad. The Committee met und
Female parliamentarians of four provinces and AJK on Friday agreed to amend Child Marriage Act to increase the age of girl for marriage from 16 to 18 years and made mandatory Computerised National Identity Card (CNIC) for both girl and boy. The existing l
A meeting of the Standing Committee of National Assembly on Commerce held on Friday to review performance of Trade Development Authority of Pakistan (TDAP) and steps taken on behalf of it for the promotion of trade activities in the province. Chairman of
Finance Minister, Senator Mohammad Ishaq Dar had a meeting with Khyber Pakhtunkhwa Chamber of Commerce & Industry (KPCCI) delegation regarding new incentives package for the business community in KP. Senator Ilyas Bilour also accompanied the delegation, s
Compressed Natural Gas stations, expected to reopen on Friday after seven months, are still shutting down despite announcements by the federal and the Punjab governments. All Pakistan CNG Association Central leader, Shuja Anwar talking to Business Reco
In a significant development to implement the Dasu Hydropower Project, up to 10 firms and joint ventures - known world over in the field of project implementation - have submitted their proposals for construction of the main dam of Dasu Hydropower Project
Rana Sanaullah and Dr Ayesha Ghaus Malik on Friday took oath as provincial ministers in a ceremony held at Governor's House, here on Friday. With the induction of the ministers, the number of Cabinet members has now reached 21. Governor Rafique Rajwana ad
Life support training is imperative for every individual to remain safe and help others in a situation of man-made and natural disaster for safety and recovery in cases of untoward incidents. This was stated by Disaster Risk Reduction Expert Akhtar Ahmad
Water and Sanitation Agency (Wasa) Vice Chairman Chaudhry Shahbaz Ahmad has told officials to complete current development work on extension and restoration of the Sherakot Band Road Cantonment Drainage and the Gulshan-e-Ravi Drainage before the monsoon s
"This is the first-of-its-kind exhibition which is beneficial for the sponsors, the image of Karachi Airport, and in particular for Pakistan, and Switzerland," said the Consul General, Emil Wyss, on the occasion of the inauguration of "Pakistan-Switzerlan
Secretary Board of Investment (BoI), Iftikhar Babar on Friday called upon Chinese businessmen to invest in different sectors of economy, particularly in power, energy, infrastructure and mining for further enhancing bilateral trade. A high level 9-member
The Federal Board of Revenue (FBR) has imposed a permanent ban on all officials of the Board from interacting with media except official spokesperson FBR under new Internal Communication Policy & Strategy issued by the FBR, here on Friday. According to th
The Lahore High Court on Friday directed the government to withdraw the order of issuing red warrants of former Evacuee Trust Property Board Chairman Asif Hashmi in a corruption case. The court told Petitioner Hashmi to appear in a trial court in a month.
MQM Chief Altaf Hussain has said that nearly 18 federal and provincial law enforcement agencies (LEAs) were working throughout the country and astonishingly all were unaware of the filthy activities of 'Axact'. In a statement issued from London Secretaria
The Sindh High Court on Thursday granted time to the Sindh Chief Minister and other officials till June 1 for taking action against the perpetrators of an incident of manhandling of newsmen in the court premises on May 23. During the hearing IGP, Sindh, G
Pakistan Telecommunication Company Limited (PTCL), the largest ICT solutions providers in the country has inked an agreement with Saima Group for deployment of PTCL infrastructure and provisioning of ICT services to its development projects. The agreement
At least two persons were killed in firing of unknown miscreants here on Friday. Police said that unidentified armed men gunned down two persons in Malir Baqra Piri area. The bodies of deceased were shifted to Jinnah Postgraduate Medical Centre (JPMC) for
As May 31st, is a public holiday being Sunday, the Federal Board of Revenue (FBR), Islamabad, in co-ordination with State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP), has made special arrangements for collection of duties and taxes on Satur
Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state-run grain trader has finalised deals for the import of 50,000 tons of urea to avoid its shortage in the domestic market. Sources told Business Recorder </i
A man was killed by unknown men while two others including a constable were seriously injured during exchange of firing with dacoits, here on Friday. Police sources said a 37-years-old man was killed in firing of unknown armed men in Peela School area of
Korangi Association of Trade and Industry (Kati) Patron-in-chief S M Muneer, Kati President Rashid Ahmed Siddiqui and Senator Abdul Haseeb Khan have welcomed political consensus on China-Pakistan Economic Corridor. They said that CPEC would not only bring
The journalists' community of the twin cities of Rawalpindi/Islamabad Friday expressed solidarity with the working journalists and media workers of Bol TV channel. Pakistan Federal Union of Journalists and Rawalpindi Islamabad Union of Journalists (RIUJ)
