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Print - 2015-12-02
Businesses irked by taxation measures

Businesses irked by taxation measures

The government took neither Parliament nor the business community into confidence on additional taxes of Rs 40 billion with the formal sector complaining that the package would disadvantage them against the informal sector. Talking to Business Recorder
Published 02 Dec, 2015 12:00am
Businesses irked by taxation measures

Businesses irked by taxation measures

The government took neither Parliament nor the business community into confidence on additional taxes of Rs 40 billion with the formal sector complaining that the package would disadvantage them against the informal sector. Talking to Business Recorder
Published 02 Dec, 2015 12:00am
Businesses irked by taxation measures

Businesses irked by taxation measures

The government took neither Parliament nor the business community into confidence on additional taxes of Rs 40 billion with the formal sector complaining that the package would disadvantage them against the informal sector. Talking to Business Recorder
Published 02 Dec, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (December 01, 2015).

Published 02 Dec, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (December 01, 2015).
Published 02 Dec, 2015 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (December 01, 2015).

Published 02 Dec, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (December 01, 2015).

Published 02 Dec, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 02 Dec, 2015 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 02 Dec, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Dec, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Dec, 2015 12:00am
HIV/AIDS A Socio-Development Issue

HIV/AIDS A Socio-Development Issue

HIV/AIDS has attracted international health and political attention as well as large-scale funding since it was identified in 1980. It has touched lives adversely, leaving behind tears and fears and is now one of the greatest Socio-development problem and
Published 02 Dec, 2015 12:00am
Message from Director General Health Services Sindh

Message from Director General Health Services Sindh

I have the utmost pleasure to mark the World AIDS Day 2015 with the theme "Getting to Zero" organised by the Sindh AIDS Control program reflecting commitment of the concerned officials to highlight the issue of mounting health hazard posed by HIV/AIDS.
Published 02 Dec, 2015 12:00am
Message from Secretary Health Department Sindh

Message from Secretary Health Department Sindh

I have to address the people of Sindh on the occasion of World AIDS Day 2015 organised by the Sindh AIDS Control Program with the theme "Getting to Zero". The HIV epidemic has emerged as the fast outpacing global health problem stalking substantial segmen
Published 02 Dec, 2015 12:00am
Message from Minister Health Department Sindh

Message from Minister Health Department Sindh

I take this opportunity to felicitate Sindh AIDS control program and all the other stake holders hailing from eminent segment of the population to observe the world AIDS Day with the theme "Getting to zero" in a befitting manner. This gathering of elite p
Published 02 Dec, 2015 12:00am
Message from Chief Minister Sindh

Message from Chief Minister Sindh

I am pleased to know that Sindh AIDS Control Program is observing the World AIDS DAY with the theme "Getting to ZERO" with the objective to create awareness among masses about deadly aspect of this burgeoning issue.
Published 02 Dec, 2015 12:00am
Message from Governor Sindh

Message from Governor Sindh

It gives me pleasure to know that Sindh AIDS Control Program is observing the World AIDS Day with the theme "Getting to ZERO". The Provincial Government at all level is fully committed to control the lethal disease by utilising all available resources inv
Published 02 Dec, 2015 12:00am
PTCL - Enabling growth through innovative ICT solutions

PTCL - Enabling growth through innovative ICT solutions

PTCL extends profound felicitations to the people of the United Arab Emirates at the country's 44th National Day. This auspicious day is a celebration of years of hard work and perseverance borne through immense commitment towards growth and progress.
Published 02 Dec, 2015 12:00am
Bank Alfalah - The way forward

Bank Alfalah - The way forward

Owned and operated by the Abu Dhabi Group, Bank Alfalah has emerged as a leading and one of the fastest growing banks in Pakistan. As a business, we have never stood still. Over the years we have expanded our network, invested in new technology and develo
Published 02 Dec, 2015 12:00am
The Forty Fourth National Day of the United Arab Emirates

The Forty Fourth National Day of the United Arab Emirates

The United Arab Emirates commemorates its 44th National Day on December 2, one of the most important milestones in its history. This day embodies the Spirit of the Union and celebrates 44 years of great achievements since the federation was established in
Published 02 Dec, 2015 12:00am
Vietnamese coffee premiums rise; exports seen down

Vietnamese coffee premiums rise; exports seen down

Premiums for Vietnamese coffee to global robusta futures widened this week, while buying has been moderate on steady demand from roasters, traders said on Tuesday. While the 2015/16 crop harvest in the world's largest robusta producing nation has entered
Published 02 Dec, 2015 12:00am
Russia to harvest 100 million tonnes of grain in 2016

Russia to harvest 100 million tonnes of grain in 2016

Russia, one of the world's largest wheat exporters, may harvest 100 million tonnes of grain in 2016, agriculture consultancy SovEcon said on Tuesday, citing preliminary estimates. Russian officials are yet to issue their estimate for the 2016 crop, but th
Published 02 Dec, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 3,080 million. The number of lots traded was 13.69 million. PMEX Commodity Index closed at 2,570. Major business was contributed by gold amounting to PKR 2,723 million followed by cru
Published 02 Dec, 2015 12:00am
US FOB Gulf soyabean, corn export premiums rise

US FOB Gulf soyabean, corn export premiums rise

Export premiums for corn and soyabeans shipped from the US Gulf Coast were slightly firmer on Monday amid scattered demand, traders said. Weekly inspections of US soyabeans for export were 1.84 million tonnes, above analysts' expectations for 1.45 million
Published 02 Dec, 2015 12:00am
EU wheat touches one-month low

EU wheat touches one-month low

Paris wheat futures closed flat on Monday after earlier touching their lowest level in more than a month as a hefty surplus curbed enthusiasm about a euro-fuelled upturn in exports. March milling wheat, the most active contract on the Euronext market, set
Published 02 Dec, 2015 12:00am
US natural gas futures edge higher warmer forecasts

US natural gas futures edge higher warmer forecasts

US natural gas futures edged higher on Monday after earlier falling to a fresh all-time low on forecasts for warmer weather and weaker-than-normal heating demand through the middle of December. Front-month gas futures on the New York Mercantile Exchange c
Published 02 Dec, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 181,822 tonnes of cargo comprising 156,402 tonnes of import cargo and 25,420 tonnes of export cargo including 5,994 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 15
Published 02 Dec, 2015 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Basis bids for hard red winter wheat were mostly unchanged in the southern US Plains on Monday, with icy roads limiting grain movement in some areas, grain merchandisers said. Basis dropped 5 cents at an elevator in Catoosa, Oklahoma, as buyers have begun
Published 02 Dec, 2015 12:00am
Lean business on grain market
Cotton

Lean business on grain market

No change was seen in the present outlook on the wholesale grain market on Tuesday as most of the commodities maintained overnight levels in the process of trading, dealer said. On the cereals side, Makai low type was up by Rs 125 to Rs 2500 and the best
Published 02 Dec, 2015 12:00am
Cotton drops in pullback from last week's gains as dollar rises
Cotton

Cotton drops in pullback from last week's gains as dollar rises

Cotton futures dropped the most in a single session in more than a month on Monday, pulling back from sharp gains last week as the US dollar rose to a more than eight-month high and pressured greenback-traded commodities like cotton. "It got a little ahea
Published 02 Dec, 2015 12:00am
Shanghai copper soars

Shanghai copper soars

Shanghai Futures Exchange copper rose 0.8 percent to 35,150 yuan ($5,493) a tonne on Tuesday after China's factories slowed in November, underlining the headwinds facing demand. Manufacturing activity in China hit a three-year low in November, an industry
Published 02 Dec, 2015 12:00am
Copper rises on China output cuts, demand worries cap gains

Copper rises on China output cuts, demand worries cap gains

Copper firmed on Tuesday on output cut plans in top metal user China, but gains were capped by data showing China's factory activity slowed in November, underlining the headwinds facing demand. Ten major copper smelters in China, which consumes nearly hal
Published 02 Dec, 2015 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures rose on Tuesday, backed by firmer Shanghai stock market and rubber futures, helping offset weak manufacturing data in top buyer China, dealers said. The Tokyo Commodity Exchange rubber contract for May delivery finished 2.0
Published 02 Dec, 2015 12:00am
Soyabeans and corn climb

Soyabeans and corn climb

US soyabean futures hit three-week highs on Monday on bargain buying and a technical rebound from long-term lows established last week, traders said. Corn also firmed at the Chicago Board of Trade while wheat ended mixed, with nearby contracts pressured b
Published 02 Dec, 2015 12:00am
Palm oil falls
Vegetable Oil

Palm oil falls

Malaysian palm oil futures fell on Tuesday, reversing gains made in early trade, as traders expect high inventories and weak export demand ahead of government data. The February benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange ended
Published 02 Dec, 2015 12:00am
Sugar jumps
Currency

Sugar jumps

Raw sugar futures on ICE surged more than 3 percent on Tuesday, taking back much of the prior week's losses in a flurry of short-covering as the currency in top grower Brazil firmed and rain in the country's main cane region hindered harvest. Cocoa future
Published 02 Dec, 2015 12:00am
Gold surges in New York

Gold surges in New York

Gold rose 1 percent on Monday but remained close to its lowest level in almost six years and was on track for its steepest monthly slide in 2-1/2 years on prospects of a US interest rate rise this year as the dollar hit a multi-month high. Spot gold was u
Published 02 Dec, 2015 12:00am
Gold jumps in Asia

Gold jumps in Asia

Gold jumped nearly 1 percent on Tuesday, extending gains above a near-six-year low on short covering and as the dollar dipped from multi-month highs. Spot gold rose to a session high of $1,074.34 an ounce, before giving up some gains to trade up 0.7 perce
Published 02 Dec, 2015 12:00am
Gold rises in Europe
Currency

Gold rises in Europe

Gold rose for a second day on Tuesday, rebounding from last week's 5-1/2 year low, as a retreat in the dollar prompted investors to cover short positions ahead of a European Central Bank (ECB) meeting and US payrolls data this week. The dollar slid from a
Published 02 Dec, 2015 12:00am
Ukraine grain exports fall 15 percent in November from October

Ukraine grain exports fall 15 percent in November from October

Ukraine exported about 3.3 million tonnes of grain from its seaports in November compared with 3.9 million in October, analyst UkrAgroConsult said on Tuesday. The exports consisted of 1.27 million tonnes of wheat, 224,200 tonnes of barley and 1.76 million
Published 02 Dec, 2015 12:00am
US MIDDAY: soyabeans hit one-month high

US MIDDAY: soyabeans hit one-month high

US soyabean futures climbed to a one-month high on Tuesday, led by the soyameal market on bargain buying and concerns that a slowing US soya crushing pace might tighten supplies of the animal feed ingredient, analysts said. Corn futures on the Chicago Boa
Published 02 Dec, 2015 12:00am
Alleged global match-fixer rearrested in Singapore

Alleged global match-fixer rearrested in Singapore

A Singaporean accused of leading the world's largest football match-fixing syndicate was rearrested in the city-state Tuesday about a week after he was freed by the country's highest court, local media reported. Businessman Dan Tan, who was arrested in Se
Published 02 Dec, 2015 12:00am
BMO posts higher profit

BMO posts higher profit

Bank of Montreal reported a higher quarterly profit on Tuesday, benefiting from growth in its US personal and commercial banking unit, and it increased its quarterly dividend. The lender, Canada's fourth-largest bank, said it would lift its dividend to 84
Published 02 Dec, 2015 12:00am
BMO posts higher profit

BMO posts higher profit

Bank of Montreal reported a higher quarterly profit on Tuesday, benefiting from growth in its US personal and commercial banking unit, and it increased its quarterly dividend. The lender, Canada's fourth-largest bank, said it would lift its dividend to 84
Published 02 Dec, 2015 12:00am
Niger GDP growth set to slow to 4.4 percent in 2015: IMF

Niger GDP growth set to slow to 4.4 percent in 2015: IMF

Niger's economic growth will slow to 4.4 percent this year because of security concerns and slumping commodity prices, the International Monetary Fund said after an annual review on Monday. The West African country produces oil and uranium and reported GD
Published 02 Dec, 2015 12:00am
Niger GDP growth set to slow to 4.4 percent in 2015: IMF

Niger GDP growth set to slow to 4.4 percent in 2015: IMF

Niger's economic growth will slow to 4.4 percent this year because of security concerns and slumping commodity prices, the International Monetary Fund said after an annual review on Monday. The West African country produces oil and uranium and reported GD
Published 02 Dec, 2015 12:00am
No honeymoon for Argentina's new president as recession looms
Currency

No honeymoon for Argentina's new president as recession looms

Argentina's economic paralysis will probably get worse next year, a Reuters poll showed on Tuesday, as a newly elected president scales back state intervention, hoping for a swift recovery. While far from the dark days of crisis 15 years ago, rampant stag
Published 02 Dec, 2015 12:00am
Arrested Brazilian billionaire resigns as head of investment bank

Arrested Brazilian billionaire resigns as head of investment bank

Billionaire Andre Esteves, arrested on charges related to Brazil's huge Petrobras corruption probe, has resigned as chairman and CEO of Latin America's largest independent investment bank, it said late Sunday. BTG Pactual did not refer in the statement to
Published 02 Dec, 2015 12:00am
Japan Q3 capex points to upward revision to Q3 GDP

Japan Q3 capex points to upward revision to Q3 GDP

Japanese capital expenditure rose at the fastest pace in more than eight years in July-September from a year earlier, in an encouraging sign that economic performance over the summer was not as weak as initially thought. The data suggest that revised gros
Published 02 Dec, 2015 12:00am
Indonesia sells 9 trillion rupiah of bonds at auction, above target

Indonesia sells 9 trillion rupiah of bonds at auction, above target

Indonesia sold 9 trillion rupiah ($653.12 million) worth of bonds at an auction on Tuesday, above the indicative target of 6 trillion rupiah, the finance ministry's financing and risk management office said. The weighted average yield for the three-month
Published 02 Dec, 2015 12:00am
Indonesia sells 9 trillion rupiah of bonds at auction, above target

Indonesia sells 9 trillion rupiah of bonds at auction, above target

Indonesia sold 9 trillion rupiah ($653.12 million) worth of bonds at an auction on Tuesday, above the indicative target of 6 trillion rupiah, the finance ministry's financing and risk management office said. The weighted average yield for the three-month
Published 02 Dec, 2015 12:00am
Greece mobilises over cyberattack threat against banks
Currency

Greece mobilises over cyberattack threat against banks

Greece's central bank and police were on alert Monday to thwart any cyberattack against three Greek banks after a threat by hackers demanding bitcoin as ransom, officials said. A police source said a group named Armada Collective had demanded 700 units of
Published 02 Dec, 2015 12:00am
South Korea's exports fall less than expected, inflation ticks up

South Korea's exports fall less than expected, inflation ticks up

South Korean exports fell for an 11th straight month in November, while foreign orders shrank at a sharper pace, pointing to a further deterioration in global demand and prompting some analysts to call for more interest rate cuts. November export data and
Published 02 Dec, 2015 12:00am
Chinese investors buy stake in Manchester City group

Chinese investors buy stake in Manchester City group

Chinese investors are paying $400 million for a stake in the group that owns soccer clubs including England's Manchester City and New York City FC, the country's most significant overseas investment in the game. The consortium is led by China Media Capita
Published 02 Dec, 2015 12:00am
Turkish manufacturing business conditions recover in November

Turkish manufacturing business conditions recover in November

Turkish manufacturing activity grew at its fastest rate this year in November, benefiting from a stronger lira after November's election re-run restored the AK Party to single party government. The PMI rose above the no-change mark of 50.0 in November, po
Published 02 Dec, 2015 12:00am
Scotiabank profit rises

Scotiabank profit rises

Bank of Nova Scotia reported a higher quarterly profit on Tuesday, helped by asset growth and favourable foreign exchange moves, but weakness at its capital markets business and an increase in bad energy loans weighed on investor sentiment. Shares of Scot
Published 02 Dec, 2015 12:00am
Scotiabank profit rises

Scotiabank profit rises

Bank of Nova Scotia reported a higher quarterly profit on Tuesday, helped by asset growth and favourable foreign exchange moves, but weakness at its capital markets business and an increase in bad energy loans weighed on investor sentiment. Shares of Scot
Published 02 Dec, 2015 12:00am
Tokyo noodle shop awarded world's first ramen Michelin star

Tokyo noodle shop awarded world's first ramen Michelin star

A tiny Tokyo noodle shop joined the ranks of the world's top restaurants Tuesday as it scooped up a star from the respected Michelin Guide. The food bible gave a nod to nine-seat Tsuta - a first for a ramen eatery - as Tokyo also kept its title as the wor
Published 02 Dec, 2015 12:00am
British banks pass BoE stress tests

British banks pass BoE stress tests

Britain's seven top lenders have passed the Bank of England's stress tests, the central bank said Tuesday in its latest healthcheck on the sector. The BoE's Prudential Regulation Authority (PRA) watchdog concluded that the sector has adequate capital to s
Published 02 Dec, 2015 12:00am
Canada pulls out of recession as growth resumes in Q3

Canada pulls out of recession as growth resumes in Q3

Canada pulled out of recession in the third quarter as an acceleration in exports revived growth, supporting expectations the Bank of Canada will be content to keep interest rates where they are for some time. Gross domestic product increased at an annual
Published 02 Dec, 2015 12:00am
Brazil's recession deepens, worst annual drop on record
Currency

Brazil's recession deepens, worst annual drop on record

Brazil's economy shrank 1.7 percent in the third quarter, deepening its worst recession in 25 years and starving President Dilma Rousseff's government of taxes as she struggles with a growing fiscal deficit and a vast corruption scandal. The quarterly con
Published 02 Dec, 2015 12:00am
French jobless rate above eurozone's for first time since 2007

French jobless rate above eurozone's for first time since 2007

France's unemployment rate is now above the eurozone average for the first time since 2007, according to Eurostat data, offering a stark reminder of the Socialist government's struggle to turn a shaky recovery into jobs. The French unemployment rate stood
Published 02 Dec, 2015 12:00am
Australia holds rates as exports lift economy

Australia holds rates as exports lift economy

Australia's central bank kept interest rates steady for a seventh month on Tuesday as data showed exports provided a huge lift to the economy last quarter and helped fill a gaping hole left by business investment. The Reserve Bank of Australia (RBA) did a
Published 02 Dec, 2015 12:00am
'Come, spend in Paris', French Prime Minister urges tourists

'Come, spend in Paris', French Prime Minister urges tourists

France's premier Tuesday urged tourists to come to Paris, spend money and enjoy the capital's cultural attractions to help boost the city in the wake of deadly jihadist attacks. "Come to Paris, security conditions are assured," Prime Minister Manuel Valls
Published 02 Dec, 2015 12:00am
India keeps rates on hold, more easing seen as challenging

India keeps rates on hold, more easing seen as challenging

India's central bank kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target for 2017. At its last meeting in September, the Reserve Bank of India (RBI) sla
Published 02 Dec, 2015 12:00am
Global factory growth remained muted in November

Global factory growth remained muted in November

Global manufacturing growth remained tepid in November as new orders came in at a slower pace and factories ran down existing orders, a survey showed on Tuesday. J.P. Morgan's Global Manufacturing Purchasing Managers' Index (PMI), produced with Markit, ca
Published 02 Dec, 2015 12:00am
European manufacturing improves; Americas and Asia slow

European manufacturing improves; Americas and Asia slow

Global manufacturing growth remained tepid in November as new orders came in at a slower pace, surveys showed on Tuesday. Europe saw steady growth in factory activity but reports from the Americas and Asia cast doubt on the strength of global economic gro
Published 02 Dec, 2015 12:00am
Hong Kong shares post biggest rise in 3 weeks
Currency

Hong Kong shares post biggest rise in 3 weeks

Hong Kong shares jumped nearly 2 percent on Tuesday, their biggest one-day percentage gain in almost three weeks, as investors responded positively to news that the yuan would be granted global reserve currency status. The Hang Seng index rose 1.8 percent
Published 02 Dec, 2015 12:00am
Indian shares soar

Indian shares soar

Indian shares edged higher on Tuesday as the central bank left the door open for more monetary easing after keeping rates on hold as widely expected, while broader sentiment was also supported by strong gains in Asian markets. The Reserve Bank of India ke
Published 02 Dec, 2015 12:00am
Tuesday's early afternoon trade stocks move higher

Tuesday's early afternoon trade stocks move higher

Wall Street kicked off the last month of the year on a positive note as investors look out for key economic data and policy decisions by central banks. Stocks pared early gains after data showed the US manufacturing sector contracted in November, falling
Published 02 Dec, 2015 12:00am
Wall Street dips; indexes up for November

Wall Street dips; indexes up for November

US stocks slipped on Monday, led by declines in health and consumer shares, as investors braced for policy news from central banks. The three major stock indexes posted a second straight month of gains, however, helped by financial shares, which were up 1
Published 02 Dec, 2015 12:00am
US bond prices steady

US bond prices steady

US Treasuries prices were little changed on Monday ahead of a busy calendar of speeches from several Federal Reserve officials and key economic data expected during the week. Top Fed officials including Chair Janet Yellen will speak this week, as investor
Published 02 Dec, 2015 12:00am
US bond prices steady

US bond prices steady

US Treasuries prices were little changed on Monday ahead of a busy calendar of speeches from several Federal Reserve officials and key economic data expected during the week. Top Fed officials including Chair Janet Yellen will speak this week, as investor
Published 02 Dec, 2015 12:00am
Tokyo's benchmark index closes above key 20,000 mark
Currency

Tokyo's benchmark index closes above key 20,000 mark

Tokyo's benchmark stock index closed on Tuesday above the key 20,000 mark for the first time since late August thanks to upbeat data on investment by Japanese companies. The better-than-expected 11.2 percent jump in third-quarter capital spending opens th
Published 02 Dec, 2015 12:00am
China shares modestly up
Currency

China shares modestly up

China stocks posted modest gains on Tuesday, as persistent signs of weakness in the economy and liquidity concerns reined in any feel-good mood generated by the International Monetary Fund's decision to grant the yuan reserve currency status. After a vola
Published 02 Dec, 2015 12:00am
European stocks fall as Linde slumps

European stocks fall as Linde slumps

European shares fell on Tuesday, weighed down by a slump in Linde after the world's biggest industrial gases company by sales cut its 2017 profit target. Linde tumbled 14.3 percent, dragging down sector peer Air Liquide, and together they took the most po
Published 02 Dec, 2015 12:00am
Sri Lankan shares fall to 8-month low

Sri Lankan shares fall to 8-month low

Sri Lankan shares fell for a fifth straight session on Tuesday to their eight-month closing low, led by diversified and telecommunications stocks on worries earnings of financial firms would fall after the new budget proposals announced were implemented.
Published 02 Dec, 2015 12:00am
Most Southeast Asian stocks up; Thai SET lags on outflows

Most Southeast Asian stocks up; Thai SET lags on outflows

Most Southeast Asian stock markets rose on Tuesday amid mixed fund flows and short-covering activities, but the Thai benchmark index extended losses for a sixth session due to extensive foreign selling. The Thai SET index ended the day 0.2 percent lower,
Published 02 Dec, 2015 12:00am
Banks buoy Britain's FTSE 100 after stress-test success

Banks buoy Britain's FTSE 100 after stress-test success

Britain's top share index gained on Tuesday as the banking sector rose after passing Bank of England (BoE) stress tests, making up for underperforming European indexes in the previous session. Financial stocks added nearly 20 points to a 39.56 point advan
Published 02 Dec, 2015 12:00am
Sri Lankan rupee steady near record low
Currency

Sri Lankan rupee steady near record low

The Sri Lankan rupee ended little changed near its record low on Tuesday as importer dollar demand was offset by inward remittances, dealers said. Inward remittances for the festival season would ease the pressure on the local currency, they added. The ru
Published 02 Dec, 2015 12:00am
Dollar slips in Asia
Currency

Dollar slips in Asia

The dollar stepped back on Tuesday after nearing a 13-year high against a basket of currencies as traders bought back the euro, long depressed by expectations of aggressive policy easing from the European Central Bank. The dollar index slipped 0.2 percent
Published 02 Dec, 2015 12:00am
Euro gains in Europe
Currency

Euro gains in Europe

The euro bounced back from a 7-1/2-month low on Tuesday, as doubts crept in over whether the European Central Bank will deliver enough to push the euro down further at a meeting on Thursday, and after European economic data beat forecasts. The single curr
Published 02 Dec, 2015 12:00am