AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,626 Increased By 100.3 (1.33%)
BR30 24,814 Increased By 164.5 (0.67%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)
Print - 2015-06-20
Dar makes strident call for charter of economy

Dar makes strident call for charter of economy

Finance Minister Senator Ishaq Dar on Friday urged all political forces to agree on a charter of economy. "We should separate economy from politics," he said while giving a speech in the lower house of the Parliament. The minister said the government is s
Published 20 Jun, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Jun, 2015 12:00am
Dar makes strident call for charter of economy

Dar makes strident call for charter of economy

Finance Minister Senator Ishaq Dar on Friday urged all political forces to agree on a charter of economy. "We should separate economy from politics," he said while giving a speech in the lower house of the Parliament. The minister said the government is s
Published 20 Jun, 2015 12:00am
Dar makes strident call for charter of economy

Dar makes strident call for charter of economy

Finance Minister Senator Ishaq Dar on Friday urged all political forces to agree on a charter of economy. "We should separate economy from politics," he said while giving a speech in the lower house of the Parliament. The minister said the government is s
Published 20 Jun, 2015 12:00am
End objective of a terror-free Pakistan to be accomplished: CoAS

End objective of a terror-free Pakistan to be accomplished: CoAS

Chief of Army Staff (COAS) General Raheel Sharif on Friday avowed that with unflinching national resolve and clear direction, the armed forces will accomplish their end objective of a terror-free Pakistan. While talking to troops in Khyber Agency where he
Published 20 Jun, 2015 12:00am
End objective of a terror-free Pakistan to be accomplished: CoAS

End objective of a terror-free Pakistan to be accomplished: CoAS

Chief of Army Staff (COAS) General Raheel Sharif on Friday avowed that with unflinching national resolve and clear direction, the armed forces will accomplish their end objective of a terror-free Pakistan. While talking to troops in Khyber Agency where he
Published 20 Jun, 2015 12:00am
Mi-35M helicopters: government receives draft contract

Mi-35M helicopters: government receives draft contract

The government has received a draft contract sent by Russia on the delivery of four Mi-35M combat helicopters, defence sources said. "After lengthy negotiations with Russia on purchase of helicopters, a draft contract on the delivery of four Mi-35M gunshi
Published 20 Jun, 2015 12:00am
Mi-35M helicopters: government receives draft contract

Mi-35M helicopters: government receives draft contract

The government has received a draft contract sent by Russia on the delivery of four Mi-35M combat helicopters, defence sources said. "After lengthy negotiations with Russia on purchase of helicopters, a draft contract on the delivery of four Mi-35M gunshi
Published 20 Jun, 2015 12:00am
ECB boosts emergency funding as Greek banks bleed

ECB boosts emergency funding as Greek banks bleed

The European Central Bank expanded emergency funding to keep Greece''s stricken banks on their feet as a steady flow of withdrawals continued on Friday ahead of a summit next week that could decide whether the country can stay in the euro. With pressure o
Published 20 Jun, 2015 12:00am
ECB boosts emergency funding as Greek banks bleed

ECB boosts emergency funding as Greek banks bleed

The European Central Bank expanded emergency funding to keep Greece's stricken banks on their feet as a steady flow of withdrawals continued on Friday ahead of a summit next week that could decide whether the country can stay in the euro. With pressure on
Published 20 Jun, 2015 12:00am
ECB boosts emergency funding as Greek banks bleed

ECB boosts emergency funding as Greek banks bleed

The European Central Bank expanded emergency funding to keep Greece's stricken banks on their feet as a steady flow of withdrawals continued on Friday ahead of a summit next week that could decide whether the country can stay in the euro. With pressure on
Published 20 Jun, 2015 12:00am
Financing against shares: banks/DFIs asked to submit data

Financing against shares: banks/DFIs asked to submit data

State Bank of Pakistan (SBP) has asked banks/DFIs to submit the data relating to financing against shares of banks on half early basis. According to Circular Letter No 02 of 2015, issued on June 16, 2015, SBP is seeking information from banks and DFIs on
Published 20 Jun, 2015 12:00am
Financing against shares: banks/DFIs asked to submit data

Financing against shares: banks/DFIs asked to submit data

State Bank of Pakistan (SBP) has asked banks/DFIs to submit the data relating to financing against shares of banks on half early basis. According to Circular Letter No 02 of 2015, issued on June 16, 2015, SBP is seeking information from banks and DFIs on
Published 20 Jun, 2015 12:00am
Financing against shares: banks/DFIs asked to submit data

Financing against shares: banks/DFIs asked to submit data

State Bank of Pakistan (SBP) has asked banks/DFIs to submit the data relating to financing against shares of banks on half early basis. According to Circular Letter No 02 of 2015, issued on June 16, 2015, SBP is seeking information from banks and DFIs on
Published 20 Jun, 2015 12:00am
BRIndex30 loses 183.28 points

BRIndex30 loses 183.28 points

On Friday, BRIndex30 opened at 21,432.97 points. It touched an intraday high of 21,510.60 points and an intraday low of 21,194.67 points and closed at 21,249.69 points which was -183.28 points or -0.86 percent lower than previous close. Total volume was 1
Published 20 Jun, 2015 12:00am
BRIndex30 loses 183.28 points

BRIndex30 loses 183.28 points

On Friday, BRIndex30 opened at 21,432.97 points. It touched an intraday high of 21,510.60 points and an intraday low of 21,194.67 points and closed at 21,249.69 points which was -183.28 points or -0.86 percent lower than previous close. Total volume was 1
Published 20 Jun, 2015 12:00am
KSE rangebound

KSE rangebound

The Karachi share market ended the week in red Friday which marked the first day of the holy month of Ramazan amid thin trade. With trading turnover plunging to 207 million shares from Thursday''s 450 million, the KSE-100 index lost 148 points to close at
Published 20 Jun, 2015 12:00am
KSE rangebound

KSE rangebound

The Karachi share market ended the week in red Friday which marked the first day of the holy month of Ramazan amid thin trade. With trading turnover plunging to 207 million shares from Thursday's 450 million, the KSE-100 index lost 148 points to close at
Published 20 Jun, 2015 12:00am
KSE rangebound

KSE rangebound

The Karachi share market ended the week in red Friday which marked the first day of the holy month of Ramazan amid thin trade. With trading turnover plunging to 207 million shares from Thursday's 450 million, the KSE-100 index lost 148 points to close at
Published 20 Jun, 2015 12:00am
Treason charges: petition filed against Zardari

Treason charges: petition filed against Zardari

A petition against Asif Ali Zardari has been filed before the Lahore High Court seeking his trial under treason charges in the wake of his statement against army. A leader of All Pakistan Muslim League (APML), Ilyas Gujjar, contended in his petition that
Published 20 Jun, 2015 12:00am
Treason charges: petition filed against Zardari

Treason charges: petition filed against Zardari

A petition against Asif Ali Zardari has been filed before the Lahore High Court seeking his trial under treason charges in the wake of his statement against army. A leader of All Pakistan Muslim League (APML), Ilyas Gujjar, contended in his petition that
Published 20 Jun, 2015 12:00am
Sindh government allots 9,000 acres of land to Army

Sindh government allots 9,000 acres of land to Army

On the personal request of Chief of Army Staff General Raheel Sharif, the Sindh government on Friday announced that it has allotted 9,000 acres of land to Pakistan Army. The PPP's apparent conciliatory move came as the party is believed to have gone into
Published 20 Jun, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 20 Jun, 2015 12:00am
Sindh government allots 9,000 acres of land to Army

Sindh government allots 9,000 acres of land to Army

On the personal request of Chief of Army Staff General Raheel Sharif, the Sindh government on Friday announced that it has allotted 9,000 acres of land to Pakistan Army. The PPP's apparent conciliatory move came as the party is believed to have gone into
Published 20 Jun, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 20 Jun, 2015 12:00am
Iftar dinner: light turnout after Zardari alienates affections of many

Iftar dinner: light turnout after Zardari alienates affections of many

Following a tirade against the military establishment by Pakistan People's Party (PPP) co-chairman Asif Ali Zardari, the party leadership on Friday softened its stance, saying it was directed towards military dictators and not the armed forces of Pakistan
Published 20 Jun, 2015 12:00am
Iftar dinner: light turnout after Zardari alienates affections of many

Iftar dinner: light turnout after Zardari alienates affections of many

Following a tirade against the military establishment by Pakistan People's Party (PPP) co-chairman Asif Ali Zardari, the party leadership on Friday softened its stance, saying it was directed towards military dictators and not the armed forces of Pakistan
Published 20 Jun, 2015 12:00am
BRIDGE NOTES: Sometimes it pays to be daring

BRIDGE NOTES: Sometimes it pays to be daring

Bridge is not a game for the weaklings. Too often, cowed down by too many apprehensions afraid to lead away from kings and aces, filled with fear, those who want to play it safe find themselves at the bottom of the ladder. Suppose you held the following h
Published 20 Jun, 2015 12:00am
Christopher Lee: 'A titan of golden age of cinema'

Christopher Lee: 'A titan of golden age of cinema'

British master of the macabre Christopher Lee, who portrayed Dracula in outrageous horror classics but became known to later generations for roles in "Star Wars" and as the wizard Saruman in the "Lord of the Rings," has died at age 93. Lee died on Sunday
Published 20 Jun, 2015 12:00am
Sandra Bullock enjoys villainous debut in 'Minions'

Sandra Bullock enjoys villainous debut in 'Minions'

Hollywood actress Sandra Bullock said she enjoyed playing evil in a debut appearance as a villain in the animated film "Minions". The movie, a spin-off of the "Despicable Me" franchise, focuses on the small yellow minions before they met Gru in the origin
Published 20 Jun, 2015 12:00am
Superhero movies are ruining cinema, says 'Exorcist' director

Superhero movies are ruining cinema, says 'Exorcist' director

William Friedkin, the US director who made the Oscar-winning movies "The Exorcist" and "The French Connection", is dismissive about the flood of superhero and sci-fi movies that have taken over today's box office. "Films used to be rooted in gravity. They
Published 20 Jun, 2015 12:00am
Fantasies play out in virtual reality games

Fantasies play out in virtual reality games

At the Electronic Entertainment Expo here Tuesday players swooped like eagles through Paris, blasted asteroids, and fought in boxing rings as videogame makers dove into worlds of virtual reality. The expansive E3 show floor was rich with VR offerings from
Published 20 Jun, 2015 12:00am
Nothing gets between Swedes and their 'fika'

Nothing gets between Swedes and their 'fika'

The French have their wine, the British have their tea. For Swedes, it's all about "fika", the de rigueur daily coffee break with a sweet nibble that is a social institution. Sweden's almost 10 million inhabitants account for one percent of the world's co
Published 20 Jun, 2015 12:00am
Will your printer become a gateway to the third dimension?

Will your printer become a gateway to the third dimension?

Printing in 3D promises a revolution in the way people get products. Do you need a new gear for an old food-mixer or a replacement lid for your favourite sugar bowl? Just print them out. Or at least so goes the hype. Will it be that easy in the real world
Published 20 Jun, 2015 12:00am
Mango treats for Ramazan

Mango treats for Ramazan

Delicious, nutritious, and tastiest mangoes are heart favourite fruit for people of all ages. This summer Decorate your Ramadan table with exotic, cool, and highly nutritious dishes made from mangoes. A Mango is full of vitamin and has additional power to
Published 20 Jun, 2015 12:00am
Luxury vinyl tiles bring a new look to floor coverings

Luxury vinyl tiles bring a new look to floor coverings

When renovating a home, few people put much thought into what type of flooring to lay down, but a new range of products, luxury vinyl tile, or LVT for short, is helping to change that indifference world-wide. LVT does not look like the conventional polyvi
Published 20 Jun, 2015 12:00am
ART FACTS: Profundity of calligraphy

ART FACTS: Profundity of calligraphy

The captivating spiritual theme of calligraphic paintings creates an artistic ambiance in spiritualistic shades. Sublimity, supremacy, majesty and glory are the characters of this art. The art of calligraphy evolved with time, but its basic principle of h
Published 20 Jun, 2015 12:00am
KARACHI CHRONICLE: Motorsport competition

KARACHI CHRONICLE: Motorsport competition

The NAS15 is a student-built racing car, all set to compete in the Formula Student (FS) competition to be held at Silverstone, UK, from July 8 to 12. Last weekend the Interactive NUST FS team of 25 talented undergraduate engineers hosted a roadshow as par
Published 20 Jun, 2015 12:00am
Wit and humour in politics

Wit and humour in politics

At the breakfast table, specifically Sundays, my father would narrate anecdotes from history, religion, politics, film world and a host of subjects, to me and all my siblings. A special session used to be about witty, dry, rousing, wise, electrifying parr
Published 20 Jun, 2015 12:00am
Indian soyabean futures rise, sugar futures down

Indian soyabean futures rise, sugar futures down

Indian soya futures rose on Wednesday amid fresh buying, taking cues from the firmness in global crude oil prices that promised higher demand for biofuels. Strong demand and falling stockpiles in the United States pushed up crude oil prices. Malaysian pal
Published 20 Jun, 2015 12:00am
Daily Trading Report of PMEX

Daily Trading Report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX), value traded was PKR 2.795 billion. The number of lots traded was 16,517. PMEX Commodity Index increased by 0.15 percent and closed at 2,712. Major business was contributed by gold amounting to PKR 1.5 b
Published 20 Jun, 2015 12:00am
HRW wheat bids climb

HRW wheat bids climb

Hard red winter wheat basis bids climbed for the second straight day in the CIF track export market on Thursday, buoyed by rains that delayed the harvest and slow shipments of fresh supplies to the US Gulf Coast, grain merchants said. Basis bids for HRW w
Published 20 Jun, 2015 12:00am
US FOB Gulf export premiums for soyabeans, wheat rise

US FOB Gulf export premiums for soyabeans, wheat rise

Export premiums for soyabeans and wheat shipped from the US Gulf Coast rose on Thursday as flooding on Midwest rivers disrupted shipments of crops, traders said. The Illinois River and parts of the Mississippi River were effectively closed to barge traffi
Published 20 Jun, 2015 12:00am
Soymeal prices mixed as Chicago futures swing

Soymeal prices mixed as Chicago futures swing

Soymeal prices on Europe's animal feed market were mixed on Thursday as benchmark Chicago prices shifted direction. No major trading was reported. There was unconfirmed market talk of trade in rapeseed meal but no prices were available. "Prices in Europe
Published 20 Jun, 2015 12:00am
European vegoils prices broadly lower
Vegetable Oil

European vegoils prices broadly lower

European vegetable oils were broadly lower on Thursday after losses in benchmark Malaysian and US futures, prompting buyers to book some deals. Malaysian palm oil futures fell more than 2 percent in their biggest drop in three months, hit by a stronger ri
Published 20 Jun, 2015 12:00am
US wheat futures fall on dry weather

US wheat futures fall on dry weather

US wheat futures fell on Thursday as forecasts called for favorably dry weather for harvesting next week in the southern Plains hard red wheat belt, traders said. Front-month July K.C. hard red winter wheat futures dropped below $5 a bushel for the first
Published 20 Jun, 2015 12:00am
US Midwest soya bids sharply lower

US Midwest soya bids sharply lower

Soyabean spot basis bids were steady to sharply lower at processing plants around the US Midwest on Thursday, pressured by continued light farmer sales after futures for the beans rose for the third straight session, grain merchants said. Bids tumbled by
Published 20 Jun, 2015 12:00am
India raises rice support prices

India raises rice support prices

India has raised the price at which it will buy new-season common rice varieties from local farmers by 3.7 percent and has offered to pay an extra 2,000 rupees a tonne to pulse growers over government-set support prices, the law minister said. For common
Published 20 Jun, 2015 12:00am
US natural gas futures fall on technical selling

US natural gas futures fall on technical selling

US natural gas futures fell nearly 3 percent on technical selling and increased production despite a smaller-than-expected storage build and forecasts for stronger cooling demand. The US Energy Information Administration said utilities added 89 billion cu
Published 20 Jun, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 114,784 tonnes of cargo comprising 77,342 tonnes of import cargo and 37,442 tonnes of export cargo including 5,838 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 77,3
Published 20 Jun, 2015 12:00am
Easier trend seen on cotton market
Cotton

Easier trend seen on cotton market

Easier trend prevailed on the cotton market on Friday in the process of modest trading activity, dealers said. The official spot rate was inert at Rs 5400, dealers said. In the ready session, around 2600 bales of cotton finalised between Rs 5200 and Rs 54
Published 20 Jun, 2015 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report by the Wholesale Grain Merchant Group, no change was seen on the local commodity market on Friday.
Published 20 Jun, 2015 12:00am
Canadian canola futures drop

Canadian canola futures drop

ICE Canadian canola futures dropped on Thursday, as wetter weather on the Canadian Prairies eased concerns about dry soil. Scattered rainfall helped replenish moisture in some areas of Saskatchewan, but additional rain needed soon, the provincial governme
Published 20 Jun, 2015 12:00am
FCA's long-odds GM pursuit hangs on Marchionne's deal record

FCA's long-odds GM pursuit hangs on Marchionne's deal record

Moves by Fiat Chrysler Automobiles (FCA) to force General Motors into a merger might have been laughed out of court by now, had its chief executive been anyone other than Sergio Marchionne. After approaching the US carmaker in an email, revealed and rebuf
Published 20 Jun, 2015 12:00am
Moody's says MERS outbreak credit negative for South Korea

Moody's says MERS outbreak credit negative for South Korea

Moody's Investors Service said on Thursday the Middle East Respiratory Syndrome (MERS) outbreak in South Korea is a credit negative for the country as the virus has weakened consumer sentiment in Asia's fourth-largest economy. "The spread of the illness i
Published 20 Jun, 2015 12:00am
Norway central bank cuts key rate to record low

Norway central bank cuts key rate to record low

Norway's central bank on Thursday cut its key interest rate to a record low one percent to counteract the impact of lower oil prices on the economy, and warned of a possible further cut. "Developments in the Norwegian economy have been slightly weaker tha
Published 20 Jun, 2015 12:00am
Canada annual inflation still well below central bank's target

Canada annual inflation still well below central bank's target

Canada's annual inflation rate in May edged up to 0.9 percent from 0.8 percent in April but was still below the lower end of the Bank of Canada's 1 percent to 3 percent target range, Statistics Canada data indicated on Friday. Analysts had forecast that t
Published 20 Jun, 2015 12:00am
German tourists 'definitely' still welcome in Greece

German tourists 'definitely' still welcome in Greece

Are German tourists still welcome in crisis-battered Greece? "Definitely!" insists the travel board of Europe's top economy, which nevertheless issued a few words of caution Thursday. Protracted talks on Greece's debt crisis may have driven up tensions wi
Published 20 Jun, 2015 12:00am
Michigan launches initial fiscal review of Detroit's Wayne County

Michigan launches initial fiscal review of Detroit's Wayne County

Michigan will immediately begin a preliminary review of the troubled finances of Wayne County, home to Detroit, a state treasury spokesman said on Friday. Terry Stanton, the spokesman, said county officials were notified of the action in a letter on Thurs
Published 20 Jun, 2015 12:00am
Toyota in damage control mode after executive arrested

Toyota in damage control mode after executive arrested

Toyota Motor Corp moved into damage control mode on Friday after its new communications chief Julie Hamp, an American and its first senior woman executive, was arrested on suspicion of illegally bringing pain killers into Japan just two months after her a
Published 20 Jun, 2015 12:00am
Brazil's economic activity flounders in April

Brazil's economic activity flounders in April

Economic activity in Brazil fell sharply in April from March, worse than already negative market estimates and showing still more evidence the once-booming economy is heading toward a recession. The Brazilian central bank's IBC-Br economic activity index
Published 20 Jun, 2015 12:00am
Business, bankers confidence fall

Business, bankers confidence fall

Business confidence among entrepreneurs and bankers in China ebbed during the second quarter due to slowing economic growth and weaker demand for loans, surveys published by the People's Bank of China showed on Friday. The entrepreneurs confidence index f
Published 20 Jun, 2015 12:00am
Decline in profit growth of China's state-owned firms eases

Decline in profit growth of China's state-owned firms eases

Profits of China's state-owned non-financial firms fell 3.3 percent in the first five months from a year ago, official data showed, moderating from steeper declines earlier this year. The companies made a combined profit of 923.8 billion yuan ($148.8 bill
Published 20 Jun, 2015 12:00am
Russia, Greece agree to build gas pipeline

Russia, Greece agree to build gas pipeline

Russia and Greece agreed Friday to sign a preliminary agreement to build a gas pipeline, with the two countries coming together amid a raging debt crisis in Athens and new Western actions against Moscow. President Vladimir Putin was set to meet Greek Prim
Published 20 Jun, 2015 12:00am
Putin says Russia weathering sanctions, lectures West

Putin says Russia weathering sanctions, lectures West

President Vladimir Putin boasted on Friday that Russia had found the "inner strength" to prevent sanctions causing a deep economic crisis, and told the West to stop using "the language of ultimatums." Investment in Russia has slowed to a trickle, capital
Published 20 Jun, 2015 12:00am
eBay sells back stake in Craigslist, ending dispute

eBay sells back stake in Craigslist, ending dispute

US e-commerce giant eBay said Friday it has sold its stake in Craigslist back to the online classified listings group, ending a legal dispute between them. The California tech giant had taken a 28.4 percent stake in Craigslist in 2004. Craigslist sued eBa
Published 20 Jun, 2015 12:00am
Brazil's downturn worsens as job losses mount and inflation climbs

Brazil's downturn worsens as job losses mount and inflation climbs

Brazil lost jobs in May at an unprecedented pace for the month as economic activity tumbled and inflation soared beyond forecasts, government data showed on Friday, in further evidence of Latin America's largest economy's steep downturn. Brazil's economy
Published 20 Jun, 2015 12:00am
Australia creates jobs at US speed, still not enough

Australia creates jobs at US speed, still not enough

Australia is creating jobs at almost the same pace as the United States' stand-out labour market, yet diverging demographics have sent unemployment rates - and the public mood - in opposite directions. The latest breakdown on employment by industry from t
Published 20 Jun, 2015 12:00am
IMF reviews Somali economy for first time in 25 years

IMF reviews Somali economy for first time in 25 years

The International Monetary Fund has completed its first economic consultation on Somalia in more than 25 years, saying the economy of the nation that is rebuilding after decades of conflict grew by 3.7 percent in 2014. Somalia's growth may lag others in t
Published 20 Jun, 2015 12:00am
Brazil arrests powerful Odebrecht CEO in Petrobras probe

Brazil arrests powerful Odebrecht CEO in Petrobras probe

Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, ensnaring the most high-profile executive to date in the corruption investigation at state-run oil firm Petrobras
Published 20 Jun, 2015 12:00am
London considers tie-up with Shanghai bourse
Currency

London considers tie-up with Shanghai bourse

The London Stock Exchange is considering forging a link with the Shanghai bourse like that between Hong Kong and the Chinese financial hub, state media reported Friday. "We are working on it and trying to understand what might be involved," Nicolas Bertra
Published 20 Jun, 2015 12:00am
French growth picking up, soon to halt jobless rise

French growth picking up, soon to halt jobless rise

France's economy will expand fast enough in the second half of the year to halt the rise in unemployment, albeit with joblessness topping 10 percent, the national statistics office INSEE said on Thursday. In an outlook update, INSEE said it expected Franc
Published 20 Jun, 2015 12:00am
US sets 24 percent fuel efficiency goal for big trucks

US sets 24 percent fuel efficiency goal for big trucks

US regulators on Friday proposed a 24 percent improvement in fuel efficiency for heavy trucks by 2027 as part of the Obama administration's plan to reduce greenhouse gas emissions. The Environmental Protection Agency said the new standards for truck tract
Published 20 Jun, 2015 12:00am
Chinese stock markets have worst week since global financial crisis

Chinese stock markets have worst week since global financial crisis

China's major stock indexes finished the week on a grim note on Friday, with the Shanghai index ending the week down 13.3 percent, its worst showing since the global financial crisis. Many analysts had warned that Chinese bourses had become too frothy sin
Published 20 Jun, 2015 12:00am
Nikkei tumbles

Nikkei tumbles

Japan's Nikkei share average slid to a one-month low on Thursday, dipping below the 20,000-mark for the first time since mid-May, as the yen strengthened after the US Federal Reserve signalled it will hike interest rates at a slower pace than expected. Th
Published 20 Jun, 2015 12:00am
Friday's early trade: stocks fall as rally stalls; Greece eyed

Friday's early trade: stocks fall as rally stalls; Greece eyed

Wall Street fell in late morning trading on Friday, a day after a strong rally pushed the Nasdaq Composite index to a record high, but the major indexes were still on track for their strongest weekly performance in about two months. The Nasdaq Composite b
Published 20 Jun, 2015 12:00am