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Print - 2015-12-28
Army chief visits Kabul as peace diplomacy builds

Army chief visits Kabul as peace diplomacy builds

The powerful head of army, General Raheel Sharif met Afghan President Ashraf Ghani on Sunday as diplomatic contacts continued to improve regional security and prepare the way for fresh peace talks with the Taliban.
Published 28 Dec, 2015 12:00am
Army chief visits Kabul as peace diplomacy builds

Army chief visits Kabul as peace diplomacy builds

The powerful head of army, General Raheel Sharif met Afghan President Ashraf Ghani on Sunday as diplomatic contacts continued to improve regional security and prepare the way for fresh peace talks with the Taliban.
Published 28 Dec, 2015 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee sustained its present levels against the dollar and euro on the money market during the week, ended on December 26, 2015. In the inter-bank market, the rupee picked up 14 paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80
Published 28 Dec, 2015 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee sustained its present levels against the dollar and euro on the money market during the week, ended on December 26, 2015. In the inter-bank market, the rupee picked up 14 paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80
Published 28 Dec, 2015 12:00am
Muslim states should fix Islam's public image: Rouhani

Muslim states should fix Islam's public image: Rouhani

Iran's President Hassan Rouhani on Sunday said that Muslim countries should strive to improve the world's opinion of Islam. "We must remove Islam's negative image from today's cyber and real space," he said in Tehran at an international conference on "The
Published 28 Dec, 2015 12:00am
Muslim states should fix Islam's public image: Rouhani

Muslim states should fix Islam's public image: Rouhani

Iran's President Hassan Rouhani on Sunday said that Muslim countries should strive to improve the world's opinion of Islam. "We must remove Islam's negative image from today's cyber and real space," he said in Tehran at an international conference on "The
Published 28 Dec, 2015 12:00am
Washington likely venue for next Modi-Sharif meeting

Washington likely venue for next Modi-Sharif meeting

As India and Pakistan enhance their engagement over the next weeks, after the abrupt turnaround in relations, the US capital will likely be the venue for the next meeting between Prime Ministers Narendra Modi and Nawaz Sharif.
Published 28 Dec, 2015 12:00am
Washington likely venue for next Modi-Sharif meeting

Washington likely venue for next Modi-Sharif meeting

As India and Pakistan enhance their engagement over the next weeks, after the abrupt turnaround in relations, the US capital will likely be the venue for the next meeting between Prime Ministers Narendra Modi and Nawaz Sharif.
Published 28 Dec, 2015 12:00am
Afghanistan, Pakistan seek to revive stalled Taliban talks

Afghanistan, Pakistan seek to revive stalled Taliban talks

Afghanistan and Pakistan agreed Sunday to meet US and Chinese officials next month in a bid to prepare the ground for fresh peace talks with the Taliban, officials said, despite growing militant violence. The announcement came as army chief General Raheel
Published 28 Dec, 2015 12:00am
The Weather

The Weather

The weather report on Sunday (December 27, 2015) and the forecast for Monday (December 28, 2015).

Published 28 Dec, 2015 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 21 to 23 2015).

Published 28 Dec, 2015 12:00am
Incentives and subsidies: An overview
Cotton

Incentives and subsidies: An overview

Most of countries provide various forms of incentives and subsidies to their industry to make them competitive in the global market. A subsidy is a form of financial or non-financial support extended to an economic sector or institution, or business or in
Published 28 Dec, 2015 12:00am
ECO region: Economic prospects

ECO region: Economic prospects

Economic Cooperation Organisation (ECO) has a unique geo-strategic location, linking the East and the West. This region with its significant economic power, vast natural resources, and dynamic work force, has a huge development potential which need explor
Published 28 Dec, 2015 12:00am
Investment regulations and economy

Investment regulations and economy

Investment plays a crucial role in economic growth and development of nations. The declining trend of investment in Pakistan does not support the economic progress and industrialisation. Pakistan is also in-competitive in cross border trade due to physica
Published 28 Dec, 2015 12:00am
Getz Pharma - A vision-guided, value-driven organisation

Getz Pharma - A vision-guided, value-driven organisation

Because disease knows no boundaries our commitment is world-wide TM-This is the foundation of Getz Pharma's commitment, reflecting in its mission, to develop, produce and market safe, effective and quality medicines and health care products that will impr
Published 28 Dec, 2015 12:00am
Message from President, FPCCI

Message from President, FPCCI

The Federation of Pakistan Chambers of Commerce & Industry (FCCPI) has regularly been organising Export Awards since 1976. The FPCCI Export Awards are an acknowledgement of the excellent performance of those businessmen who do their country a great servic
Published 28 Dec, 2015 12:00am
Message from Chief Minister Sindh

Message from Chief Minister Sindh

It is heartening to learn that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) as per its long standing practice of awarding Export Trophies to the best and outstanding exporters of the country and also bringing out the Export Award S
Published 28 Dec, 2015 12:00am
Message from Governor Sindh

Message from Governor Sindh

It is very heartening to witness that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is Organising another mega event, the 39th FPCCI Exports Trophy Awards to strengthen the confident of Pakistani exporters in international market, i
Published 28 Dec, 2015 12:00am
Message from Prime Minister, Islamic Republic of Pakistan

Message from Prime Minister, Islamic Republic of Pakistan

I congratulate the Federation of Pakistan Chambers of Commerce and Industry for organising the Exports Awards Ceremony 2015, in keeping with their annual tradition, to acknowledge and appreciate the contribution of Pakistani exporters to the national econ
Published 28 Dec, 2015 12:00am
Message from President, Islamic Republic of Pakistan

Message from President, Islamic Republic of Pakistan

I am pleased to learn that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organising 39th FPCCI "Export Trophy Awards" 2015 to acknowledge the successes and contributions of leading persons and organisations. The importance of thi
Published 28 Dec, 2015 12:00am
Birth anniversary of Mirza Ghalib observed

Birth anniversary of Mirza Ghalib observed

The 218th birth anniversary of renowned poet Mirza Ghalib was observed on Sunday. Mirza Ghalib 'the last great poet of the Mughal Era' is considered to be one of the most popular and influential poets of the Urdu language.
Published 28 Dec, 2015 12:00am
Focal persons appointed in 92 foreign missions

Focal persons appointed in 92 foreign missions

Grievance Commissioner for overseas Pakistanis Federal Ombudsman Secretariat, Hafiz Ahsaan Ahmed Khokhar on Sunday said that for the facilitation of overseas Pakistanis, focal persons in 92 foreign missions and 40 in federal departments have been appointe
Published 28 Dec, 2015 12:00am
Pakistan has 'good' business class: Stuart Diamond

Pakistan has 'good' business class: Stuart Diamond

Stuart Diamond is the president of Global Strategy Group that advises governments and companies on negotiations and strategy. His course on negotiations at the Wharton Business School has remained the most popular class among students of the leading busin
Published 28 Dec, 2015 12:00am
Pakistan has 'good' business class: Stuart Diamond

Pakistan has 'good' business class: Stuart Diamond

Stuart Diamond is the president of Global Strategy Group that advises governments and companies on negotiations and strategy. His course on negotiations at the Wharton Business School has remained the most popular class among students of the leading busin
Published 28 Dec, 2015 12:00am
Ikram Sehgal's argument: a response

Ikram Sehgal's argument: a response

This is apropos 'Democratic' subversion of rule of law!' carried by Business Recorder on Friday. The writer, Ikram Sehgal, who is widely known as a respectable defence analyst, has argued, among other things, the following:
Published 28 Dec, 2015 12:00am
Pakistan Stock Exchange: a quantum leap for Pakistan's capital market

Pakistan Stock Exchange: a quantum leap for Pakistan's capital market

On January11, 2016, the three stock exchanges of Pakistan will merge to become the Pakistan Stock Exchange (PSX). The unification of Islamabad Stock Exchange (ISE), Lahore Stock Exchange (LSE) with Karachi Stock Exchange (KSE) into a single entity is no s
Published 28 Dec, 2015 12:00am
Global miners steel for worse after torrid year

Global miners steel for worse after torrid year

Global miners are battling to stay afloat after enduring one of the toughest years in recent times, with tumbling commodity prices and supply gluts set to force more closures and massive cuts in 2016, analysts say.
Published 28 Dec, 2015 12:00am
Corporate governance codes, rules and privatisation impact on PSCs

Corporate governance codes, rules and privatisation impact on PSCs

Globally, over the years, high profile corporate failures brought the importance of bringing best practices of corporate governance in order to ensure long-term stability, profitability and sustainability of the companies. Similarly in Pakistan, corporate
Published 28 Dec, 2015 12:00am
Inflation is down!

Inflation is down!

Economists and analysts alike are challenging government data with respect to nearly all macroeconomic indicators barring the one on inflation. And there is good news on that front: inflation is down considerably in recent months.
Published 28 Dec, 2015 12:00am
The Lodhran by-election

The Lodhran by-election

In the most keenly-watched and hotly contested Lodhran by-election PTI's Jehangir Tareen has defeated the PML-N's Siddique Khan Baloch who had won the same seat in the 2013 general elections as an independent candidate before joining the ruling party. Acc
Published 28 Dec, 2015 12:00am
The debt claims
Currency

The debt claims

Federal Finance Minister Ishaq Dar while chairing a meeting to review the status of public debt and the arrangements in place for debt management accused 'certain individuals' of creating misperceptions in relation to the country's debt situation and adde
Published 28 Dec, 2015 12:00am
Long-term LNG contracts better option

Long-term LNG contracts better option

According to a news report carried by Business Recorder, the Liquefied Natural Gas (LNG) contract with Qatar has hit a formidable snag because two other businesses have offered rates lower than those agreed by the nine-member price negotiation committee o
Published 28 Dec, 2015 12:00am
Shahbaz recounts benefits of welfare projects

Shahbaz recounts benefits of welfare projects

Punjab Chief Minister Muhammad Shahbaz Sharif has said that PML-N government is implementing the agenda of public service and billions of rupees are being spent on provision of education, health, clean drinking water, transport and other basic amenities t
Published 28 Dec, 2015 12:00am
JPMC Oncology Department needs support

JPMC Oncology Department needs support

Oncology ward at Jinnah Post Graduate Medical Centre (JPMC), offering a wide range of in and out department services to an average number of 500 patients daily, is in dire need of additional number of qualified oncologists as well nursing and paramedical
Published 28 Dec, 2015 12:00am
1,200 KMC teachers not paid salaries for six months

1,200 KMC teachers not paid salaries for six months

Around 1200 teachers serving at KMC-run schools in the metropolis have not been paid their salaries for the past six months. Concerned teachers talking to APP Sunday said they have been making desperate attempts to draw attention of the relevant authoriti
Published 28 Dec, 2015 12:00am
Celebrities join Aaj Entertainment launching celebrations

Celebrities join Aaj Entertainment launching celebrations

Celebrities attended the celebrations of Aaj Entertainment's launching held at Ocean Mall. Those who joined the event include Sabreen Hisbani, Hamayon Ashraf, Faryal Mehmood, Zahlay Sarhadi, Ali Abbas, Amgeline Mali, Asma Khan, Mansoor Ahmed and others.
Published 28 Dec, 2015 12:00am
Over 53,000 people held under NAP in Punjab: Zaeem

Over 53,000 people held under NAP in Punjab: Zaeem

Punjab counter-terrorism force and police have arrested 53,151 persons and registered 48,617 cases under the National Action Plan (NAP) so far, spokesman for Punjab government Syed Zaeem Hussain Qadri said here on Sunday. Listing steps taken by the Punjab
Published 28 Dec, 2015 12:00am
Man Utd, Van Gaal in suspense as Chelsea loom

Man Utd, Van Gaal in suspense as Chelsea loom

Manchester United's under-performing players approach Monday's home game with Chelsea not knowing whether besieged manager Louis van Gaal will still be in the dug-out when they take to the field. United's 2-0 defeat at Stoke City on Saturday was their fou
Published 28 Dec, 2015 12:00am
Prince Ali seeks immediate release of Garcia report

Prince Ali seeks immediate release of Garcia report

FIFA presidential hopeful Prince Ali bin Al Hussein on Sunday called for the immediate publication of Michael Garcia's report on alleged bribery and corruption during bidding for the 2018 and 2022 World Cups. The Jordanian prince made the remarks at a con
Published 28 Dec, 2015 12:00am
Broad strikes put England on top

Broad strikes put England on top

Stuart Broad bowled two fiery spells and took three wickets to give England a slight advantage at the end of the second day of the first Test against South Africa at Kingsmead on Sunday. South Africa were 137 for four at the close, still 166 runs behind E
Published 28 Dec, 2015 12:00am
Roar stay in touch with leaders after City win

Roar stay in touch with leaders after City win

Brisbane Roar ended Melbourne City's unbeaten five-game run with a sparkling 3-1 win on Sunday to stay within two points of A-League leaders Western Sydney. John Aloisi's Roar led 2-0 at halftime through an own goal from Patrick Kisnorbo and Brandon Borre
Published 28 Dec, 2015 12:00am
Yasir Shah suspended for doping: ICC

Yasir Shah suspended for doping: ICC

Leg-spinner Yasir Shah was on Sunday provisionally suspended for failing a dope test by the International Cricket Council (ICC). "Shah has been charged with an anti-doping rule violation on a sample he provided in an in-competition test," an ICC statement
Published 28 Dec, 2015 12:00am
Driverless cars have got a lot of obstacles on road to widespread use

Driverless cars have got a lot of obstacles on road to widespread use

Cars that need drivers will suffer the same long-term fate as horses, Tesla boss Elon Musk, quipped recently: people will only keep one for sentimental reasons. He has also predicted that decent driverless cars will hit the streets within three years.
Published 28 Dec, 2015 12:00am
Google Calendar expands to add to-do lists

Google Calendar expands to add to-do lists

Google has expanded its popular Calendar app to accept to-do entries to help those of us who lose track of all our tasks. The main difference from Reminders, which was previously available and continues, is that the tasks will remain active and stay atop
Published 28 Dec, 2015 12:00am
Culture shock: Samsung's mobile woes rooted in hardware legacy

Culture shock: Samsung's mobile woes rooted in hardware legacy

Efforts to revive its once stellar smartphone fortunes may be doomed if Samsung Electronics cannot overcome its dominant engineering culture, according to serving and former executives and those who have dealt with the company.
Published 28 Dec, 2015 12:00am
Santa tracked by Google, Microsoft

Santa tracked by Google, Microsoft

Google and Microsoft had their virtual eyes on Santa Claus and his gift-laden sleigh on Thursday. Each of the rival technology giants continued their separate Internet holiday traditions that allow children, no matter how grown up they might be, to track
Published 28 Dec, 2015 12:00am
HTC to bring its Vive virtual reality glasses to market in April

HTC to bring its Vive virtual reality glasses to market in April

Vive, the new virtual reality headset from HTC, is to hit markets in April, later than originally planned, the company has announced. The plan is now to first introduce a prototype of the glasses at the Consumer Electronics Show in Las Vegas, which runs J
Published 28 Dec, 2015 12:00am
When the house goes online - What a smart home can do

When the house goes online - What a smart home can do

Just before leaving work you use your smartphone to turn on the washing machine and the air conditioning and when you get home the interior is comfortable and the washing is ready to hang out. It sounds like a vision of the future, but with the right smar
Published 28 Dec, 2015 12:00am
Microsoft OneDrive: Only weeks remain to preserve free space

Microsoft OneDrive: Only weeks remain to preserve free space

Time is running out for tens of millions of Windows users world-wide after Microsoft announced at the start of November that its free storage quota on its cloud service OneDrive is being reduced from 15 to 5 gigabytes.
Published 28 Dec, 2015 12:00am
Twitter woos back users by displaying uncropped photos

Twitter woos back users by displaying uncropped photos

In a big break with the past, the Twitter timeline has begun showing photos in their original formats such as square or portrait-shaped, at least on larger screens. Previously, all photos were automatically cropped by Twitter into a wide rectangle.
Published 28 Dec, 2015 12:00am
Nestle to switch to cage-free eggs in US by 2020

Nestle to switch to cage-free eggs in US by 2020

Nestle SA said it will stop using eggs laid by caged hens in its US products by 2020, making it the largest packaged food company to go cage-free amid pressure from consumers and animal-rights groups.
Published 28 Dec, 2015 12:00am
Adidas sees steep costs from strong dollar next year
Currency

Adidas sees steep costs from strong dollar next year

German sportswear and equipment giant Adidas expects costs to increase sharply next year as a result of the strong dollar, its chief financial officer said in a newspaper interview on December 24. "As a result of negative exchange rate developments, our p
Published 28 Dec, 2015 12:00am
India's Idea Cellular launches 4G ahead of Reliance roll-out

India's Idea Cellular launches 4G ahead of Reliance roll-out

Idea Cellular Ltd, India's third biggest mobile phone operator, launched high-speed fourth-generation (4G) mobile phone services across the country's south on December 23, beating rival Reliance Jio. Idea follows Bharti Airtel and Vodafone in offering hig
Published 28 Dec, 2015 12:00am
Toshiba, Engie appoint Credit Suisse as advisor on UK nuclear plant

Toshiba, Engie appoint Credit Suisse as advisor on UK nuclear plant

Japan's Toshiba and Engie of France have appointed Credit Suisse as financial advisor for their Moorside nuclear power plant in Britain, which they expect to start operating in 2024. Credit Suisse, which has previously advised France's EDF and the United
Published 28 Dec, 2015 12:00am
Tata Steel says in talks to sell UK unit to Greybull Capital

Tata Steel says in talks to sell UK unit to Greybull Capital

Tata Steel is in talks to sell its struggling British-based unit to investment firm Greybull Capital, the two firms said in a statement on December 22. Britain's largest steelmaker has been trying to sell its long products unit, which makes steel for use
Published 28 Dec, 2015 12:00am
Toys'R'Us to shut flagship Times Square store

Toys'R'Us to shut flagship Times Square store

New York City is set to lose another landmark toy shop when Toys"R"Us shutters its Times Square flagship store on December 30. The location, which boasts 110,000 square feet, will close after the toy chain declined to renew its lease, which expires in Jan
Published 28 Dec, 2015 12:00am
Qatar National Bank to buy Turkey's Finansbank for $2.95 billion

Qatar National Bank to buy Turkey's Finansbank for $2.95 billion

Qatar National Bank (QNB), the Gulf Arab region's largest bank, has agreed to buy Turkey's Finansbank from National Bank of Greece for 2.7 billion euros ($2.95 billion), as it steps up its search for larger markets overseas.
Published 28 Dec, 2015 12:00am
Amid smog crisis, China vows more liveable cities

Amid smog crisis, China vows more liveable cities

China vowed on December 22 that it would make "liveable" cities a central goal of China's urban planning, amid persistent problems over choking smog that frequently blankets the populous east and north.
Published 28 Dec, 2015 12:00am
3D video games may be good for your memory: US study

3D video games may be good for your memory: US study

Playing three-dimensional video games just 30 minutes a day might mean new memories are less likely to fade away, US study said. For two weeks, researchers asked 69 novice gamers to devote a half-hour daily to playing either the two-dimensional "Angry Bir
Published 28 Dec, 2015 12:00am
Dengue fever spreads around the world

Dengue fever spreads around the world

Dengue fever, the world's fastest growing mosquito-borne disease, has spread its wings from being a tropical disease, endemic in just nine countries, to a worldwide threat. Globalisation, urbanisation, climate change and jet travel have enabled it to move
Published 28 Dec, 2015 12:00am
'Treat normal BP to save lives'

'Treat normal BP to save lives'

Millions of lives could be saved by giving blood pressure-lowering drugs to people at risk of heart attack and stroke, even if they have normal pressure, researchers said on December 23. Based on an analysis of 123 medical trials involving more than 600,0
Published 28 Dec, 2015 12:00am
Gum disease linked to breast cancer risk in older women

Gum disease linked to breast cancer risk in older women

Middle-aged and older women with gum disease are slightly more likely than those without gum problems to develop breast cancer. The risk increase was most pronounced for women with gum disease who smoked cigarettes or had quit within the past 20 years, al
Published 28 Dec, 2015 12:00am
Sudden cardiac arrest may follow missed warning signs

Sudden cardiac arrest may follow missed warning signs

Many patients who have a sudden cardiac arrest may have missed warnings signs like chest pain and shortness of breath that, if caught earlier, could improve their survival odds, a U.S. study suggests. Sudden cardiac arrest happens when the heart abruptly
Published 28 Dec, 2015 12:00am
Dreaming of energy security, India pumps desert oil

Dreaming of energy security, India pumps desert oil

The deserts of Rajasthan may be the showcase for India's solar revolution but the oil explorer that struck gold beneath the same sands insists the country needs to pump out more fossil fuels to wean itself off imports. Ahead of this month's climate negoti
Published 28 Dec, 2015 12:00am
Japan's Nomura to buy stake in American Century for $1 billion

Japan's Nomura to buy stake in American Century for $1 billion

Nomura Holdings Inc, Japan's biggest brokerage, said it would buy a 41 percent stake in privately held investment management firm American Century Investments for about $1 billion from Canadian Imperial Bank of Commerce.
Published 28 Dec, 2015 12:00am
Japan's Nomura to buy stake in American Century for $1 billion

Japan's Nomura to buy stake in American Century for $1 billion

Nomura Holdings Inc, Japan's biggest brokerage, said it would buy a 41 percent stake in privately held investment management firm American Century Investments for about $1 billion from Canadian Imperial Bank of Commerce.
Published 28 Dec, 2015 12:00am
China approves IPO reform proposal, new system could start by March

China approves IPO reform proposal, new system could start by March

China's top legislature on Sunday approved a proposal to revamp the country's initial public offering (IPO) system, authorising the government to implement changes to the system that could be in place as early as March, the official Xinhua news agency sai
Published 28 Dec, 2015 12:00am
China's legislature OKs controversial anti-terrorism law

China's legislature OKs controversial anti-terrorism law

China's rubber-stamp national legislature on Sunday approved the country's first anti-terrorism law, amid concerns that its requirements that tech companies share information with the government could hurt business interests and further infringe upon huma
Published 28 Dec, 2015 12:00am
Cheap gas spurs SUV sales, putting US climate goals at risk

Cheap gas spurs SUV sales, putting US climate goals at risk

Surging demand for trucks and SUVs fuelled by cheap gasoline threatens to hold back improvements in US fuel economy and greenhouse gas emissions, a government report released on Wednesday shows. The disconnect between consumer demand for larger, less effi
Published 28 Dec, 2015 12:00am
Authorities investigate head of China Telecom

Authorities investigate head of China Telecom

The head of China Telecom, one of the nation's big three telecoms firms, is under investigation for "severe disciplinary violations", the government said Sunday, the latest high-profile target in a corruption crackdown.
Published 28 Dec, 2015 12:00am
Thai seafood exports not affected by slavery reports: govt

Thai seafood exports not affected by slavery reports: govt

Thailand said recently seafood exports to the United States, Europe and Australia have not been hit by reports of slavery and forced labour by campaign groups and media. The comments come as Thailand, the world's third-largest seafood exporter, faces incr
Published 28 Dec, 2015 12:00am
Dubai to raise 2016 spending 12 percent on balanced budget

Dubai to raise 2016 spending 12 percent on balanced budget

Dubai plans to raise spending by 12 percent next year, balancing that out with identical growth in revenue, on a budget of 46.1 billion dirhams ($12.6 billion), the government said Sunday. This is the second year in a row that the Gulf emirate will have a
Published 28 Dec, 2015 12:00am
HK, US regulators agree to boost supervision

HK, US regulators agree to boost supervision

Hong Kong securities regulator and United States Commodity Futures Trading Commission (CFTC) have agreed to boost cross-border supervision, the two bodies said in a statement. Such agreements aim at make it easier for firms engaged in cross-border trading
Published 28 Dec, 2015 12:00am
HK, US regulators agree to boost supervision

HK, US regulators agree to boost supervision

Hong Kong securities regulator and United States Commodity Futures Trading Commission (CFTC) have agreed to boost cross-border supervision, the two bodies said in a statement. Such agreements aim at make it easier for firms engaged in cross-border trading
Published 28 Dec, 2015 12:00am
Enel gets shareholder approval to spin off Latin American units

Enel gets shareholder approval to spin off Latin American units

Italian utility Enel received approval from shareholders of its lucrative South American units to spin off their assets, the first step in a two-part process it is pursuing to shift away from European markets and focus on Latin America. Shareholders in En
Published 28 Dec, 2015 12:00am
Global funds cut stocks, slowdown worries persist

Global funds cut stocks, slowdown worries persist

Global investors cut their equity holdings in December and raised their exposure to bonds, a Reuters poll of fund managers showed, as worries about a global economic slowdown and uncertainty about the pace of Fed tightening persisted.
Published 28 Dec, 2015 12:00am
Global funds cut stocks, slowdown worries persist

Global funds cut stocks, slowdown worries persist

Global investors cut their equity holdings in December and raised their exposure to bonds, a Reuters poll of fund managers showed, as worries about a global economic slowdown and uncertainty about the pace of Fed tightening persisted.
Published 28 Dec, 2015 12:00am
Exchange operator BATS Global planning 2016 IPO: WSJ

Exchange operator BATS Global planning 2016 IPO: WSJ

BATS Global Markets Inc is expected to file a prospectus for an initial public offering as early as December, the Wall Street Journal reported, in what would be the exchange operator's second attempt at going public. BATS is valued at more than $2 billion
Published 28 Dec, 2015 12:00am
Egypt's Beltone Capital targets share sale in 2016

Egypt's Beltone Capital targets share sale in 2016

Egypt's Beltone Capital, which aims to raise 1 billion Egyptian pounds ($128 million) in an initial public offering, has pushed back its plans to the first half of 2016, Chairman Hazem Barakat told Reuters. The offering had initially been earmarked for th
Published 28 Dec, 2015 12:00am
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