Rating agency Moody's said that Greece's rock-bottom credit rating was unlikely to be raised any time soon, despite Greece agreeing terms on Monday for a third euro zone bailout. Colin Ellis, the firm's chief European credit officer, said the immediate fo

Madagascar has held talks with foreign companies to introduce new air routes to the Indian Ocean island and is open to allowing foreign companies to compete with state-run Air Madagascar on domestic routes, the tourism minister said. A four-week strike by

Heathrow Airport was forced to cancel 13 flights on Monday after activists cut through a perimeter fence and chained themselves together on a runway to protest against the possible expansion of Britain's biggest airport. In a stunt which raised questions

Azerbaijan's economy expanded by 5.7 percent in the first half of 2015, despite difficulties caused by crisis in neighbouring countries and low oil prices, the country's president said on Monday. Ilham Aliyev told a government meeting the non-oil sector g

General Motors Co will recall 155,000 vehicles in India, its largest such exercise to date in the country, in order to fix wiring problems linked to a remote keyless entry accessory. The recall, also one of India's biggest, follows a move in 2013 to recal

India's inflation rate rose faster than analysts' expectations in June, official data showed Monday, dampening hopes of further interest rate cuts by the country's central bank later this year. Consumer prices increased 5.40 percent last month from a year

US, European and Asian energy firms will compete Wednesday in Mexico's first oil auction since a historic reform brought back private investors, nearly 80 years after they were kicked out. The government is offering 14 blocks in shallow waters of the Gulf

China's total trade slumped in the first half of this year, official data showed Monday, falling well short of the government's targets and dealing a blow to the global economy from its biggest trader in goods. Two-way trade for the first six months of th

Warid has signed an agreement with A.F. Ferguson & Co (a member firm of PriceWaterhouseCoopers) to implement an automated budget control solution. This solution will bring efficiency and accuracy in budget control processes, synchronise the expenditure ap

Pakistan Kissan Ittehad Council (PKIC) Monday set July-end as the deadline for government after the latter rejected the council proposal concerning setting up a housing colony by erasing National Agriculture Research Centre (NARC). The central president o

The Federal Board of Revenue (FBR) has conveyed to the Director General Post Office that the filers of income tax returns would pay 10 percent withholding tax on profit on debt from Post Office savings accounts from July 1, 2015. In this connection, Shauk

Engineer-in-Chief Pakistan Army Lieutenant General Khalid Asghar has said that financing of Hyderabad-Karachi Motorway (M-9) project by Pakistani banks is a historic step and participation of private, national and international institutions in road infras

At least four people killed and another was critically injured when a dumper fell into a gorge here on Monday. Police said that the dumper heading towards Chitral city from Goulan skidded-off the road and plunged into a ravine near Ghazai area. Four inclu

A five-member delegation of Government of Punjab led by Rana Maqbool Ahmad, Advisor to the Chief Minister Punjab met the representatives of Chinese companies and investors to discuss ongoing progress on China-Pakistan Economic Corridor (CPEC) projects in

Model Ayyan Ali was produced before the customs court in Rawalpindi for the 13th time on Monday but the proceeding for her indictment could not be initiated due to absence of the judge. The model was brought into the court from Adiala jail in armoured veh

President Mamnoon Hussain on Monday said that Pakistan has been a leading advocate of inter-religious and inter-cultural dialogue to overcome mistrust and promote understanding and co-operation among various religions and civilizations of the world.

Iran would help Pakistan in developing energy and infrastructure sectors, said member Iranian Foreign Policy, Muhammad Hassan Asafari on Monday while talking to Chairperson Senate Standing Committee on Foreign Affairs Senator, Nuzhat Sadiq. A delegation l

Directorate General of Withholding Taxes Federal Board of Revenue (FBR) has issued updated rates of advance tax on private motor vehicles (withholding tax on purchase, registration and transfer of motor vehicles) and withholding tax to be collected along

Thirteen Member National Assembly (MNA) from North Waziristan Agency Muhammad Nazir and MNA from Orakzai Agency Ghazi Gulab Jamal called on Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan at Governor's House here on Monday. They remained with the Go

Khyber Pakhtunkhwa Minister for Information & Higher Education Mushtaq Ahmad Ghani Monday said Ehtasaab Commission is fully independent and autonomous body and have the mandate to eliminate corruption from the society. He said Ziaullah Afridi was arrested

Scotland Yard on Monday completed interrogation from the second suspect of Khalid Shamim in Imran Farooq murder case. The third suspect Mohsin Ali will be interrogated by the Scotland Yard after Eid. Earlier, they had interrogated Moazzam Ali after which

Gulf bourses rose on Monday in line with a global equities rally due to the Greek bailout agreement, but a drop in oil prices because of a likely Iran nuclear deal limited gains in the region. Brent crude fell 1.8 percent as Tehran and six world powers we

China stocks, led by small caps, extended their recovery for a third day on Monday, raising hopes that measures taken by Beijing to prevent a full-blown market crash have worked. Regulators have launched a fresh crackdown on margin lending as signs have r

US stocks rose on Monday, with the Dow Jones industrial average moving into positive territory again for the year, after euro zone leaders reached an agreement with Greece to move forward with a bailout loan for the country to avert bankruptcy. The news a

Hong Kong stocks rose for a third straight day as investors cautiously built up positions, tracking a continuous recovery in mainland shares after China launched a fresh crackdown on margin lending. The Hang Seng index rose 1.3 percent to end the day at 2

Sri Lankan shares hit a more than one-week high on Monday, surpassing the 7,000-point psychological barrier as hopes of political stability after the August 17 election helped boost sentiment, stockbrokers said. The ruling United National Party (UNP) has

Southeast Asian stock markets rose in thin volume on Monday amid short-covering after euro zone leaders clinched a deal with Greece and Indonesia extended gains for a second day on hopes the central bank will keep policy rate steady. The Jakarta composite

Tokyo stocks bounced back on Monday with the benchmark index up 1.57 percent as investors await developments in last-ditch talks aimed at hammering out a new bailout deal for Greece. The Nikkei 225 index at the Tokyo Stock Exchange - which dropped 3.70 pe

Indian stock indexes ended more than a percent higher on Monday with bluechips leading the gainers on rising risk appetite after euro zone leaders clinched a deal with Greece to negotiate a third bailout. The NSE index gained 1.19 percent while the BSE in

European shares rose on Monday after euro zone leaders reached agreement on a bailout for Greece after all-night talks in Brussels. Euro zone leaders made Greece agree to strict supervision on Monday in return for agreeing to talks on an 86 billion-euro (

South African shares rose for a fourth straight session on Monday after the world's biggest platinum producer, Anglo American Platinum, said it expected interim earnings to increase by almost 15 times. Shares in Amplats closed up 1.2 percent despite plati

Australian shares edged down 0.34 percent on Monday as investors remained cautious awaiting an outcome from Greece's negotiations with creditors. The S&P/ASX 200 index dropped 18.838 points to 5,473.200 at the close of trade. New Zealand's benchmark NZX 5

Britain's top equity index hit a two-week high on Monday, with banks among the best performers, after euro zone leaders agreed on a road map to a third bailout for near-bankrupt Greece. The FTSE 100 index closed 1 percent up at 6,737.95 points, with advan

A drive to include China's renminbi in the International Monetary Fund's Special Drawing Rights basket for global reserve currencies has been thrown into disarray following the rout in Chinese equities that erased 25% from the Shanghai Composite Index in

The euro fell on Monday, hurt by uncertainty over whether a near-bankrupt Greece can secure more funding as its European partners demanded tough reforms in return for throwing a life-line to the debt-strapped nation. The euro last traded at $1.1145, down

The dollar rallied against the euro, yen, and Swiss franc on Monday after a debt deal between Greece and its international lenders renewed focus on the possibility that the US Federal Reserve might hike interest rates in September. Eurozone leaders made G

The euro fell on Monday after eurozone leaders reached a deal with debt-stricken Greece, as investors turned their focus to the prospect of higher US interest rates and remained anxious that the future of the single currency was still uncertain. At the en

Interbank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent).

The Sri Lankan rupee ended weaker on Monday after a state-owned bank pegged the currency's exchange rate to the dollar at 133.80, 20 cents lower than its previous close, dealers said, amid demand for the greenback from importers. The state-run bank had si

Most emerging Asian currencies edged lower on Monday on worries over whether Greece could be forced to leave the euro zone, while Chinese trade data failed to ease concerns about growth in the world's No 2 economy. Regional currencies also came under pres

South Africa's rand weakened on Monday as falling imports in China dragged emerging currencies lower despite broad market relief over Greece's truce with its creditors. By 1515 GMT the rand had slipped 0.12 percent to 12.4655 against the dollar, losing gr

The Australian dollar steadied on Monday helped by a rebound in Chinese stocks, but gains were capped by uncertainties over whether near-bankrupt Greece can secure fresh funding. The Aussie dollar was little changed at $0.7437, holding off a six-year trou

Sterling rose over 1 percent against the euro on Monday, on track for its biggest daily gains in two months, as the single currency weakened broadly after Greece and its European creditors reached agreement on a new debt deal for Athens. With no major UK

China's yuan rose on Monday after the central bank nudged the daily midpoint fixing up as it extended the use of a well-worn policy template during times of market stress. Realised daily volatility, or price swings, in onshore yuan plummeted towards its l

South African batsman Rilee Rossouw has been fined 50 percent of his match fee for a code of conduct breach during a one-day international against Bangladesh, the International Cricket Council said on Monday. Rossouw, 25, was found to have been involved i

Several hundred Real Madrid fans chanted for president Florentino Perez to resign at an official send-off for goalkeeper and captain Iker Casillas at the Bernabeu stadium on Monday. Real held the presentation following criticism over the surreal nature of

Bangladesh on Monday rewarded young left-arm fast bowler Mustafizur Rahman for an outstanding one-day debut by including him for next week's first Test against South Africa. The 19-year-old has claimed 16 wickets in his first five matches during which he

Australia coach Darren Lehmann believes the fact there are only four days between the first and second Ashes Tests will help his side recover from their heavy defeat by England in the series opener. Ashes-holders Australia lost the first Test with more th

The Russian resort of Sochi, which hosted the 2014 Winter Olympics, is hoping to attract one million visitors during the 2018 football World Cup finals, city mayor Anatoly Pakhomov said on Monday. "We know the importance of a World Cup for the development

The Pakistan Squash Federation has given central contracts to six squash players for six months on the basis of their performance. The players who received the contracts were Nasir Iqbal, Farhan Zaman, Danish Atlas, Tayyab Aslam, Asim Khan and Israr Ahmed

Two teams from cricket's Indian Premier League could be banned from the glitzy Twenty20 tournament when a Supreme Court-appointed panel hands down its sentence Tuesday on a corruption scandal. Officials from the Chennai Super Kings (CSK) and the Rajasthan

What should have been a day in which the Tour de France mountain battle occupied everyone's thoughts was overshadowed by the shock news Monday Ivan Basso has testicular cancer. The 37-year-old Italian stunned the gathered media when he arrived at a press

Roger Federer warned his rivals not to write him off yet after a Wimbledon final defeat that left the Swiss star without a major title for three years. Federer's bid for a first Grand Slam crown since he last won Wimbledon in 2012 was shattered by Novak D

Tennis Australia has apologised for a 'clerical error' in a media release that said estranged local player Bernard Tomic was playing in a 'Hall of Shame' event against compatriot John-Patrick Smith. The media release said Tomic, who was dumped from Austra

At least 13 people, among them a child, were killed in Syrian government raids on the Islamic State group-held town of Al-Bab on Monday, a monitor said. The Syrian Observatory for Human Rights said seven women were among those killed in raids using explos

At least 15,000 civilians have been killed and twice as many wounded in Iraq's armed conflict since the start of 2014, the United Nations said in a report Monday. The world body's mission in Iraq published the figure in the latest instalment of its "Repor

Iraqi troops and Shia Muslim militia forces attacked Islamic State fighters on several fronts on Monday in Anbar, the country's largest province, at the start of what is likely to be a long and fiercely contested offensive. A spokesman for the joint opera

Turkish Prime Minister Ahmet Davutoglu began coalition talks on Monday with the second-placed CHP party after last month's election which saw his ruling party lose its overall majority. Davutoglu's Justice and Development Party (AKP) failed to secure enou

Wisconsin's union-busting Governor Scott Walker confirmed Monday he is joining the crowded field of Republicans jostling to be the party's presidential nominee, arguing he can sell his conservative record to mainstream America. Walker, who vaulted into na

Tunisia's interior minister said security forces had almost wiped out an Islamist militant group linked to al Qaeda during a crackdown launched after two deadly attacks on tourists. Clashes last week killed leaders, including two veteran Algerian militant

Romanian Prime Minister Victor Ponta was charged on Monday with forgery and serving as an accessory to tax evasion and money laundering, further tarnishing the image of the ex-communist state as it struggles to shake off a reputation for corruption.

Prince William started his new job as an air ambulance pilot on Monday and was swiftly in the air on an emergency mission. The Duke of Cambridge, 33, second in line to the throne, said he hoped he could juggle fatherhood, royal duties and his new role in

China is set to launch a watered down version of its long-awaited international payments system, using it only for cross-border yuan trade deals rather than also including capital-related transactions, two people with direct knowledge of the matter told R

Sierra Leone said Monday it had launched an emergency operation to prevent a serious spread of Ebola after two patients escaped for several hours from a treatment centre. A highly-infectious 32-year-old woman and eight-year-old girl sparked a nation-wide

The United Arab Emirates executed a UAE woman on Monday who had been convicted of killing an American kindergarten teacher and trying to bomb an American-Egyptian doctor in militant-inspired attacks, the state news agency WAM reported. Ala'a Badr Abdullah

UN Secretary-General Ban Ki-moon on Monday called for "flexibility and compromise" at a development financing summit that opened in Ethiopia's capital and is seen as crucial for efforts to end poverty and tackle climate change. The objective of the five d

Nintendo's chief executive has died of cancer at the age of 55, it said Monday, in an upheaval for the Japanese videogame giant just months after abandoning a consoles-only policy and launching a push into the booming smartphone games market. The Kyoto-ba

Global warming-induced food and water shortages may cause mass migration, competition for resources and state failure, providing fertile ground for conflict and terrorism, analysts warned Monday. In a report entitled: "Climate Change, A Risk Assessment",

A twin suicide attack by suspected Boko Haram militants in the northern Cameroon town of Fotokol late on Sunday killed at least 13 people including a Chadian soldier, authorities said. Cameroon president's office said in a statement on Monday that 10 civi

Russia on Monday said the state news agency Rossiya Segodnya had had a bank account closed in London in a move that it said was connected to sanctions over Ukraine. The foreign ministry said the "closure" of a Barclay's bank account on July 8 was linked t

Malaysian police said on Monday a special task force set up to probe reported transfers involving a state investment fund to Prime Minister Najib Razak is now itself under investigation to see if its members leaked classified information.

Twenty-three Russian conscripts were crushed to death when their military barracks collapsed in Siberia, the latest disaster blamed on apparent shoddy construction work and lax safety standards. An entire section of military barracks, including parts of t

The Gulf state of Kuwait, hit by the worst suicide attack in its history last month, decided on Monday to set up a permanent committee to fight "terrorism" and extremism. At its weekly meeting, the cabinet "decided to form a permanent committee to co-ordi

Nigerian President Muhammadu Buhari on Monday sacked his entire military top brass, his spokesman said, in a widely expected move as he wrestles with an insurgency by Boko Haram Islamists. "The President has relieved the service chiefs, including the head

The history of ELMED INSTRUMENTS dates back to 1908 when the grandfather of the ELMED team, Mr Muhammad Fazal Elahi, founded M.F.Elahi & Co (E.P) Pvt Ltd. The company soon became well known throughout the surgical industry worldwide due to its high qualit

In today's world of immediateness, customers expect payment means that are quick and convenient while remaining highly secure. They want to be provided with complementarily tools, including some that become an extension of themselves, through the emergenc

With a GDP of 552 billion euros representing 5% of the European Union's GDP, the economy of the Ile-de-France region plays a key part on a European level and is the most important one in France. It is the second leading global location (and 1st European o

The CMA CGM Group, is one of the leading worldwide shipping groups. It is present in more than 160 countries through its network of over 655 agencies, with more than 20,000 employees worldwide. With a young and diversified fleet of 445 vessels, the CMA CG

France with a population of 66.2 million people having area of 643,801 Sq Km, today is one of the most modern countries in the world and is a leader among European nations. It plays an influential global role as a permanent member of the United Nations Se

Clipsal is world famous as Australia's number one brand of electrical accessories. A market leader in electrical accessories, data communications, industrial and home automation markets, the Clipsal name continues to grow from strength to strength.

Several organisations make their expertise available to foreign investors to facilitate their launching of operations in France. One of these is the Agence française des investissements internationaux (AFII - French Agency for International Investment).

Introduction: France and Pakistan established their diplomatic relations at the time of Pakistan's independence in 1947. Today, our relations are mainly structured around three axes (political, economy and security). The President of the Republic m

I avail this opportunity to felicitate "The Government of France and its people" on the occasion of the "Bastille Day". This day reflects the courage and determination of the people of France who stormed the Bastille Fort in Paris on July 14, 1789 in an e

I would like to congratulate France and all our French friends, residing in Pakistan on their National Day. France is the cradle of democracy and human rights in the world. The fall of Bastille on 14th July 1789 marked the commencement of a new era in the

Dear Friends in Pakistan and Friends of Pakistan, It is my pleasure to share a few words in the "Daily Business Recorder" on the occasion of the National Day of France. Bastille Day on the 14th of July embodies the spirit of the French Revolution and the

Bangles are one of the essential ornaments for women on every festival and occasion. The vivid and colorful bangles add beauty boost to the overall look of women of every age group. Wearing bangles on festivals and occasions is a centuary's old tradition.

The US government on Friday raised its forecast for global cotton inventory in the upcoming season on weaker-than-expected demand from China, pushing prices lower and reinforcing concerns about fibre's battle for market share with polyester. In its monthl

Shanghai Futures Exchange copper ended the session down 1.5 percent at 40,130 yuan ($6,465) a tonne on Monday after euro zone officials reached a debt deal with Greece, with tentative signs of economic revival in China's trade data also supporting prices.

Most base metals rebounded on Monday after Greece and its creditors agreed a debt deal, though copper lagged after data showed a drop in Chinese imports last month. Lead was the pick of the bunch, with prices surging to their highest in nearly a month on

Oil prices came off their lows on Monday after a Tehran official indicated the Islamic Republic might miss another deadline in securing a nuclear deal integral to lifting Western sanctions on its crude exports. Crude futures had fallen nearly $2 a barrel

The International Sugar Organisation (ISO) forecasts a global sugar deficit of 6.2 million tonnes in 2016/17, compared with a deficit of 2.5 million tonnes in 2015/16, according to an ISO chart presented at a conference organised by analyst Datagro. ISO E

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Benchmark Tokyo rubber futures ended down 2.5 percent on Monday, falling for the first time in three days, reflecting weak oil prices and continued weakness in Shanghai futures amid worries about Chinese economic growth. Tokyo Commodity Exchange (TOCOM) f

Malaysian palm oil futures were mostly unchanged on Monday, after sliding to a six-week low last week, with a steep decline in exports keeping a lid on the market. Exports of Malaysian palm oil products for July 1-10 fell 34.7 percent to 308,875 tonnes fr

Arabica coffee futures on ICE jumped nearly 3 percent on Monday, in a short-covering rally spurred by data showing speculators sharply increased their selling at low levels last week and a bullish move in options. Raw sugar futures rose in thin volume on

Gold edged lower on Monday, dragged down by the euro after a weekend emergency summit to tackle Greece's debt crisis yielded no deal and with the US Federal Reserve still on track to raise interest rates this year. Greece will now be required to push legi

Gold slipped 1 percent on Monday as the dollar rose against the euro after leaders struck a deal to negotiate a Greek bailout, while signals the Federal Reserve was still on track to raise rates this year also weighed. Greece won conditional agreement to

Major crude oil producer Nigeria aims to overcome its chaotic and crumbling refining sector to produce at least a fraction of the gasoline it needs to use itself. Its state oil company hopes that domestic plants can cover 20 percent of Nigeria's gasoline

US corn futures rose on Monday, on pace for their fifth straight session of gains and holding near the highest levels in a year, on better-than-expected demand and as heavy rains limited yield potential of the new crop. Soyabeans were also higher on punis