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Print - 2019-08-15
IOK situation: Qureshi briefs Russian counterpart

IOK situation: Qureshi briefs Russian counterpart

Foreign Minister Shah Mahmood Qureshi on Wednesday held a phonic conversation with his Russian counterpart Sergey Lavrov to brief him on the current situation in Indian occupied Kashmir (IOK). Qureshi briefed Sergey Lavrov on the illegal and unilateral st
Published 15 Aug, 2019 12:00am
Fresh flood alert in southern India as monsoon death toll hits 244

Fresh flood alert in southern India as monsoon death toll hits 244

India issued a fresh flood alert Wednesday for parts of the southern state of Kerala, as the nationwide death toll from the annual monsoon deluge rose to at least 244. Authorities warned Kerala locals of heavy rainfall over the next 24-48 hours in some of
Published 15 Aug, 2019 12:00am
Fresh flood alert in southern India as monsoon death toll hits 244

Fresh flood alert in southern India as monsoon death toll hits 244

India issued a fresh flood alert Wednesday for parts of the southern state of Kerala, as the nationwide death toll from the annual monsoon deluge rose to at least 244. Authorities warned Kerala locals of heavy rainfall over the next 24-48 hours in some of
Published 15 Aug, 2019 12:00am
US CEOs earn 278 times more than their workers: study

US CEOs earn 278 times more than their workers: study

The top executives at large US companies are paid 278 times more than their company''s workers and the gap continues to widen, according to a study published Wednesday. Average CEO compensation at the 350 largest US firms in 2018 was $17.2 million a year,
Published 15 Aug, 2019 12:00am
US CEOs earn 278 times more than their workers: study

US CEOs earn 278 times more than their workers: study

The top executives at large US companies are paid 278 times more than their company's workers and the gap continues to widen, according to a study published Wednesday. Average CEO compensation at the 350 largest US firms in 2018 was $17.2 million a year,
Published 15 Aug, 2019 12:00am
US CEOs earn 278 times more than their workers: study

US CEOs earn 278 times more than their workers: study

The top executives at large US companies are paid 278 times more than their company's workers and the gap continues to widen, according to a study published Wednesday. Average CEO compensation at the 350 largest US firms in 2018 was $17.2 million a year,
Published 15 Aug, 2019 12:00am
Khamenei meets Yemen rebels after blow for Saudi coalition

Khamenei meets Yemen rebels after blow for Saudi coalition

Iran's supreme leader has held talks with a senior Yemeni rebel official just days after the long-running intervention against the rebels by its regional foes Saudi Arabia and the UAE suffered a major setback. Ayatollah Ali Khamenei hosted Huthi rebel spo
Published 15 Aug, 2019 12:00am
Khamenei meets Yemen rebels after blow for Saudi coalition

Khamenei meets Yemen rebels after blow for Saudi coalition

Iran's supreme leader has held talks with a senior Yemeni rebel official just days after the long-running intervention against the rebels by its regional foes Saudi Arabia and the UAE suffered a major setback. Ayatollah Ali Khamenei hosted Huthi rebel spo
Published 15 Aug, 2019 12:00am
A$AP Rocky gets suspended sentence for Stockholm assault

A$AP Rocky gets suspended sentence for Stockholm assault

A Stockholm court on Wednesday convicted US rapper A$AP Rocky of assault and gave him a suspended sentence over a street brawl, a case that outraged fans and sparked a diplomatic spat with US President Donald Trump. The 30-year-old rapper, whose real name
Published 15 Aug, 2019 12:00am
A$AP Rocky gets suspended sentence for Stockholm assault

A$AP Rocky gets suspended sentence for Stockholm assault

A Stockholm court on Wednesday convicted US rapper A$AP Rocky of assault and gave him a suspended sentence over a street brawl, a case that outraged fans and sparked a diplomatic spat with US President Donald Trump. The 30-year-old rapper, whose real name
Published 15 Aug, 2019 12:00am
Canadian FM urged to take forceful stand on Kashmir

Canadian FM urged to take forceful stand on Kashmir

Friends of Kashmir Canada delegation called on Foreign Minister Chrystia Freeland Wednesday to brief her on the grim situation in Indian occupied Jammu and Kashmir. The delegation pressed the minister to take a clear stand against Indian crimes and to tak
Published 15 Aug, 2019 12:00am
Canadian FM urged to take forceful stand on Kashmir

Canadian FM urged to take forceful stand on Kashmir

Friends of Kashmir Canada delegation called on Foreign Minister Chrystia Freeland Wednesday to brief her on the grim situation in Indian occupied Jammu and Kashmir. The delegation pressed the minister to take a clear stand against Indian crimes and to tak
Published 15 Aug, 2019 12:00am
Trump sees Fed rather than trade war as source of market turmoil

Trump sees Fed rather than trade war as source of market turmoil

With global markets flashing concern about the fallout from the US-China trade war and the near-term strength of the American economy, US President Donald Trump on Wednesday targeted Federal Reserve policy as the culprit for recent market turmoil.
Published 15 Aug, 2019 12:00am
Trump sees Fed rather than trade war as source of market turmoil

Trump sees Fed rather than trade war as source of market turmoil

With global markets flashing concern about the fallout from the US-China trade war and the near-term strength of the American economy, US President Donald Trump on Wednesday targeted Federal Reserve policy as the culprit for recent market turmoil.
Published 15 Aug, 2019 12:00am
Trump sees Fed rather than trade war as source of market turmoil

Trump sees Fed rather than trade war as source of market turmoil

With global markets flashing concern about the fallout from the US-China trade war and the near-term strength of the American economy, US President Donald Trump on Wednesday targeted Federal Reserve policy as the culprit for recent market turmoil.
Published 15 Aug, 2019 12:00am
Loophole in 'IRIS' module: FTO's directive to FBR remains unimplemented

Loophole in 'IRIS' module: FTO's directive to FBR remains unimplemented

A key recommendation of the Federal Tax Ombudsman (FTO) remains unimplemented by the Federal Board of Revenue (FBR) wherein FTO has unearthed massive irregularities in the FBR's taxpayer registration system and observed a serious loophole in the "IRIS" mo
Published 15 Aug, 2019 12:00am
Loophole in 'IRIS' module: FTO's directive to FBR remains unimplemented

Loophole in 'IRIS' module: FTO's directive to FBR remains unimplemented

A key recommendation of the Federal Tax Ombudsman (FTO) remains unimplemented by the Federal Board of Revenue (FBR) wherein FTO has unearthed massive irregularities in the FBR's taxpayer registration system and observed a serious loophole in the "IRIS" mo
Published 15 Aug, 2019 12:00am
British police freeze $121 million in accounts on bribery fears

British police freeze $121 million in accounts on bribery fears

British police have frozen eight bank accounts containing a total of more than 100 million pounds ($121 million), which is suspected to have derived from bribery and corruption overseas. The National Crime Agency (NCA) said on Wednesday a London court had
Published 15 Aug, 2019 12:00am
British police freeze $121 million in accounts on bribery fears

British police freeze $121 million in accounts on bribery fears

British police have frozen eight bank accounts containing a total of more than 100 million pounds ($121 million), which is suspected to have derived from bribery and corruption overseas. The National Crime Agency (NCA) said on Wednesday a London court had
Published 15 Aug, 2019 12:00am
China slams HK airport protesters, US 'deeply concerned'

China slams HK airport protesters, US 'deeply concerned'

Beijing on Wednesday slammed "terrorist-like" attacks on its citizens by pro-democracy protesters in Hong Kong during a second day of chaos at the city's airport, as the United States expressed concern over apparent Chinese troop movements at the border.
Published 15 Aug, 2019 12:00am
China slams HK airport protesters, US 'deeply concerned'

China slams HK airport protesters, US 'deeply concerned'

Beijing on Wednesday slammed "terrorist-like" attacks on its citizens by pro-democracy protesters in Hong Kong during a second day of chaos at the city's airport, as the United States expressed concern over apparent Chinese troop movements at the border.
Published 15 Aug, 2019 12:00am
FBR specifies due dates for tax payments

FBR specifies due dates for tax payments

The Federal Board of Revenue (FBR) has specified due dates for tax payments and filing of monthly sales tax returns by different categories of taxpayers including Independent Power Producers(IPPs). According to the amendments made by the FBR in Sales Tax
Published 15 Aug, 2019 12:00am
FBR specifies due dates for tax payments

FBR specifies due dates for tax payments

The Federal Board of Revenue (FBR) has specified due dates for tax payments and filing of monthly sales tax returns by different categories of taxpayers including Independent Power Producers(IPPs). According to the amendments made by the FBR in Sales Tax
Published 15 Aug, 2019 12:00am
FBR specifies due dates for tax payments

FBR specifies due dates for tax payments

The Federal Board of Revenue (FBR) has specified due dates for tax payments and filing of monthly sales tax returns by different categories of taxpayers including Independent Power Producers(IPPs). According to the amendments made by the FBR in Sales Tax
Published 15 Aug, 2019 12:00am
Unbelievable increase in government debt
Exchange

Unbelievable increase in government debt

In the midst of the on-going disruption in the normal functioning of economic transactions following the revenue raising measures introduced in the 2019/20 budget and the continuing confusion and uncertainty on the institutional arrangements, mechanisms a
Published 15 Aug, 2019 12:00am
Unbelievable increase in government debt
Exchange

Unbelievable increase in government debt

In the midst of the on-going disruption in the normal functioning of economic transactions following the revenue raising measures introduced in the 2019/20 budget and the continuing confusion and uncertainty on the institutional arrangements, mechanisms a
Published 15 Aug, 2019 12:00am
Pelosi vows to thwart US-UK trade deal if Brexit risks Irish peace

Pelosi vows to thwart US-UK trade deal if Brexit risks Irish peace

The top Democrat in the US Congress warned Wednesday that lawmakers would block a trade pact with Britain if its exit from the EU undermines Northern Ireland''s peace accord. President Donald Trump and senior advisors to Britain''s new Prime Minister Bori
Published 15 Aug, 2019 12:00am
Pelosi vows to thwart US-UK trade deal if Brexit risks Irish peace

Pelosi vows to thwart US-UK trade deal if Brexit risks Irish peace

The top Democrat in the US Congress warned Wednesday that lawmakers would block a trade pact with Britain if its exit from the EU undermines Northern Ireland's peace accord. President Donald Trump and senior advisors to Britain's new Prime Minister Boris
Published 15 Aug, 2019 12:00am
Pelosi vows to thwart US-UK trade deal if Brexit risks Irish peace

Pelosi vows to thwart US-UK trade deal if Brexit risks Irish peace

The top Democrat in the US Congress warned Wednesday that lawmakers would block a trade pact with Britain if its exit from the EU undermines Northern Ireland's peace accord. President Donald Trump and senior advisors to Britain's new Prime Minister Boris
Published 15 Aug, 2019 12:00am
Economy in right direction: SBP governor
Currency

Economy in right direction: SBP governor

State Bank of Pakistan (SBP) Governor Dr Reza Baqir said on Wednesday that the country''s economy has turned in the right direction and will achieve the goal of growth and prosperity, if constantly grows in this direction. Addressing the flag hoisting cer
Published 15 Aug, 2019 12:00am
Economy in right direction: SBP governor
Currency

Economy in right direction: SBP governor

State Bank of Pakistan (SBP) Governor Dr Reza Baqir said on Wednesday that the country's economy has turned in the right direction and will achieve the goal of growth and prosperity, if constantly grows in this direction. Addressing the flag hoisting cere
Published 15 Aug, 2019 12:00am
Economy in right direction: SBP governor
Currency

Economy in right direction: SBP governor

State Bank of Pakistan (SBP) Governor Dr Reza Baqir said on Wednesday that the country's economy has turned in the right direction and will achieve the goal of growth and prosperity, if constantly grows in this direction. Addressing the flag hoisting cere
Published 15 Aug, 2019 12:00am
No compromise on Kashmir: CoAS

No compromise on Kashmir: CoAS

Expressed solidarity with people of Indian occupied Kashmir (IOK), Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Wednesday said that Pakistan will always stand by Kashmiris to counter India's hegemonic ambitions the way it has in the past. "Ther
Published 15 Aug, 2019 12:00am
No compromise on Kashmir: CoAS

No compromise on Kashmir: CoAS

Expressed solidarity with people of Indian occupied Kashmir (IOK), Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Wednesday said that Pakistan will always stand by Kashmiris to counter India's hegemonic ambitions the way it has in the past. "Ther
Published 15 Aug, 2019 12:00am
Changing status quo contravenes Simla deal: President

Changing status quo contravenes Simla deal: President

As 73rd Independence Day was celebrated on Wednesday in solidarity with Kashmiris, President Arif Alvi reiterated nation's resolve to stand with its Kashmiri brethren through thick and thin in their just struggle for their right of self-determination. Spe
Published 15 Aug, 2019 12:00am
Changing status quo contravenes Simla deal: President

Changing status quo contravenes Simla deal: President

As 73rd Independence Day was celebrated on Wednesday in solidarity with Kashmiris, President Arif Alvi reiterated nation's resolve to stand with its Kashmiri brethren through thick and thin in their just struggle for their right of self-determination. Spe
Published 15 Aug, 2019 12:00am
PM reassures leaders of persistent support

PM reassures leaders of persistent support

Prime Minister Imran Khan Wednesday said the whole Pakistani nation stood by their Kashmiri brethren in the most difficult time and the country would keep up extending moral, diplomatic and political support to them. The prime minister, in a meeting with
Published 15 Aug, 2019 12:00am
PM reassures leaders of persistent support

PM reassures leaders of persistent support

Prime Minister Imran Khan Wednesday said the whole Pakistani nation stood by their Kashmiri brethren in the most difficult time and the country would keep up extending moral, diplomatic and political support to them. The prime minister, in a meeting with
Published 15 Aug, 2019 12:00am
Black Day today

Black Day today

Indian Independence Day will be observed as Black Day across country and on both sides of the Line of Control (LoC) on Thursday, reported Radio Pakistan, here on Wednesday. The Black Day is being observed in protest against the Indian unilateral action to
Published 15 Aug, 2019 12:00am
Black Day today

Black Day today

Indian Independence Day will be observed as Black Day across country and on both sides of the Line of Control (LoC) on Thursday, reported Radio Pakistan, here on Wednesday. The Black Day is being observed in protest against the Indian unilateral action to
Published 15 Aug, 2019 12:00am
Sikh leader raps India's revoking of IoK's autonomy

Sikh leader raps India's revoking of IoK's autonomy

India's move to revoke the autonomy of occupied Kashmir has increased anti-India sentiment in the Himalayan region and will backfire, said the president of the largest Sikh group in occupied Jammu and Kashmir state. Sikhs represent just 2 percent of the p
Published 15 Aug, 2019 12:00am
Sikh leader raps India's revoking of IoK's autonomy

Sikh leader raps India's revoking of IoK's autonomy

India's move to revoke the autonomy of occupied Kashmir has increased anti-India sentiment in the Himalayan region and will backfire, said the president of the largest Sikh group in occupied Jammu and Kashmir state. Sikhs represent just 2 percent of the p
Published 15 Aug, 2019 12:00am
Pakistan may redeploy troops from Afghan border to Kashmir: NYT

Pakistan may redeploy troops from Afghan border to Kashmir: NYT

Warning that the Kashmir crisis could get worse, Pakistan's Ambas-sador to the United States Asad Majeed Khan has raised the possibility that Islamabad might redeploy troops from the Afghanistan border to the Kashmir frontier, a shift that could complicat
Published 15 Aug, 2019 12:00am
Pakistan may redeploy troops from Afghan border to Kashmir: NYT

Pakistan may redeploy troops from Afghan border to Kashmir: NYT

Warning that the Kashmir crisis could get worse, Pakistan's Ambas-sador to the United States Asad Majeed Khan has raised the possibility that Islamabad might redeploy troops from the Afghanistan border to the Kashmir frontier, a shift that could complicat
Published 15 Aug, 2019 12:00am
PM unveils ultra-right government's designs, issues dire warning

PM unveils ultra-right government's designs, issues dire warning

Declaring himself as an ambassador for raising the Kashmir issue at international fora, Prime Minister Imran Khan Wednesday sternly warned of stronger response from Pakistan in case of any misadventure by Modi-led government across the Azad Jammu and Kash
Published 15 Aug, 2019 12:00am
PM unveils ultra-right government's designs, issues dire warning

PM unveils ultra-right government's designs, issues dire warning

Declaring himself as an ambassador for raising the Kashmir issue at international fora, Prime Minister Imran Khan Wednesday sternly warned of stronger response from Pakistan in case of any misadventure by Modi-led government across the Azad Jammu and Kash
Published 15 Aug, 2019 12:00am
Stocks, oil plunge on growing signs of global slowdown

Stocks, oil plunge on growing signs of global slowdown

Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a US recession that was heightened by data showing Germany''s economy in contraction and China''s worsening. Wall Street s
Published 15 Aug, 2019 12:00am
Stocks, oil plunge on growing signs of global slowdown

Stocks, oil plunge on growing signs of global slowdown

Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a US recession that was heightened by data showing Germany's economy in contraction and China's worsening. Wall Street sol
Published 15 Aug, 2019 12:00am
Stocks, oil plunge on growing signs of global slowdown

Stocks, oil plunge on growing signs of global slowdown

Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a US recession that was heightened by data showing Germany's economy in contraction and China's worsening. Wall Street sol
Published 15 Aug, 2019 12:00am
The Weather

The Weather

The weather report on Wednesday (August 14, 2019) and the forecast for Thursday (August 15, 2019).

Published 15 Aug, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 15 Aug, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 15 Aug, 2019 12:00am
Cotton futures edge up on hot US weather concerns
Cotton

Cotton futures edge up on hot US weather concerns

ICE cotton futures edged higher in low volume trade on Wednesday as extreme heat in major cotton growing regions helped prices to stay afloat, despite share markets tanking because of fears a global economic slowdown has accelerated. The most-active cotto
Published 15 Aug, 2019 12:00am
Copper falls as Chinese factory growth tumbles
Exchange

Copper falls as Chinese factory growth tumbles

Copper prices fell on Wednesday after industrial output growth in China, the largest metals consumer, fell to a more than 17-year low, weakening the outlook for demand. Benchmark copper on the London Metal Exchange (LME) ended down 1.1% at $5,765 a tonne,
Published 15 Aug, 2019 12:00am
Oil drops 3pc on weak global economic data, US crude stocks build

Oil drops 3pc on weak global economic data, US crude stocks build

Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and US crude inventories rose unexpectedly for the second week in a row. Brent crude settled at $59.48 a barrel, shedding $1.82, or 3%, losing some of th
Published 15 Aug, 2019 12:00am
Tokyo rubber climbs
Exchange

Tokyo rubber climbs

Tokyo Commodity Exchange (TOCOM) futures climbed on Wednesday, as investors unwound short positions after the United States said it would delay tariffs on some Chinese products, easing fears over slowing global demand in top buyer China. The benchmark TOC
Published 15 Aug, 2019 12:00am
Palm oil extends rally
Vegetable Oil

Palm oil extends rally

Malaysian palm oil futures extended their rally late on Wednesday, hitting their highest in four and a half months, supported by expectations of stronger export data.
Published 15 Aug, 2019 12:00am
Gold prices down in Asia
Exchange

Gold prices down in Asia

Gold prices edged lower on Wednesday after the United States delayed tariffs on some Chinese imports, easing trade concerns, although political uncertainties and lingering global growth concerns limited losses for the safe-haven metal. Spot gold was down
Published 15 Aug, 2019 12:00am
Gold gains in Europe

Gold gains in Europe

Gold rose 1 percent on Wednesday as an inversion in the US Treasury yield curve and poor economic data from the euro zone stoked fears of a recession and drove investors to the safe-haven bullion. Spot gold rose 0.7% to $1,512.01 per ounce, as of 10:31 am
Published 15 Aug, 2019 12:00am
US MIDDAY: soya futures fall

US MIDDAY: soya futures fall

US corn futures eased on Wednesday, their third straight day of declines, but the market found support near recent lows following massive sell-offs on Monday and Tuesday, traders said. Soyabean futures also were lower while wheat futures firmed on technic
Published 15 Aug, 2019 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose over 1% on Wednesday as an inverted US Treasury yield curve and weak euro zone data stoked fears of a global economic recession and drove investors toward safe-haven bullion. Spot gold rose 1.1% to $1,517.88 per ounce, as of 2:03 p.m. EDT (1803
Published 15 Aug, 2019 12:00am
Tragic footballer Sala and pilot 'exposed to carbon monoxide'

Tragic footballer Sala and pilot 'exposed to carbon monoxide'

Footballer Emiliano Sala and the pilot flying his plane when it crashed were likely exposed to "potentially fatal" levels of carbon monoxide, investigators announced on Wednesday. "Toxicology tests found that the passenger had a high saturation level of C
Published 15 Aug, 2019 12:00am
Balotelli poised for move back to Italy

Balotelli poised for move back to Italy

Mario Balotelli is poised for a return to Italy with newly-promoted home town team Brescia, according to multiple reports on Wednesday.
Published 15 Aug, 2019 12:00am
Chinese volleyball player banned for doping

Chinese volleyball player banned for doping

A key member of China's Olympic champion volleyball team has been banned for four years after taking a banned substance, the country's anti-doping agency said.
Published 15 Aug, 2019 12:00am
Dravid cleared of conflict of interest

Dravid cleared of conflict of interest

India's cricket board has cleared batting great Rahul Dravid of conflict of interest charges after he was made head of the national cricket academy while working for a company that owns an Indian Premier League team.
Published 15 Aug, 2019 12:00am
S Leone govt rejects Ghanaian chosen to coach national team

S Leone govt rejects Ghanaian chosen to coach national team

The Sierra Leone government on Wednesday rejected the nomination of Ghana-born Sellas Tetteh to head the national football team, which has recently emerged from suspension by FIFA for political interference.
Published 15 Aug, 2019 12:00am
Halep battles back in Cincinnati

Halep battles back in Cincinnati

Simona Halep fought back from a set down to defeat Russia's Ekaterina Alexandrova 3-6, 7-5, 6-4 in her Cincinnati opener on Wednesday.
Published 15 Aug, 2019 12:00am
Taylor rescues New Zealand after Dananjaya five-wicket haul

Taylor rescues New Zealand after Dananjaya five-wicket haul

Ross Taylor hit an unbeaten half-century to keep New Zealand afloat after Sri Lanka spinner Akila Dananjaya claimed five wickets on a rain-hit day one of the first Test on Wednesday. New Zealand were 203 for five, having recovered from 71-3 at lunch, when
Published 15 Aug, 2019 12:00am
Most SE Asian stocks up

Most SE Asian stocks up

Most Southeast Asian stock markets ended higher on Wednesday, in line with global peers, after Washington delayed some tariffs on Chinese imports in much-needed relief for financial markets gripped in economic turmoil.
Published 15 Aug, 2019 12:00am
Egypt index gains, Gulf markets dip

Egypt index gains, Gulf markets dip

Egyptian blue-chip stocks rose to their highest in nearly three and a half months, extending the previous session's gains, after Egypt reported better-than-expected inflation data for the month of July.
Published 15 Aug, 2019 12:00am
China stocks end higher
Exchange

China stocks end higher

China stocks closed higher on Wednesday, following the tariffs reprieve from Washington, but gave up much of early gains as bleak data rekindled worries over the country's' economic health.
Published 15 Aug, 2019 12:00am
Nikkei up nearly 1 percent

Nikkei up nearly 1 percent

Tokyo's benchmark Nikkei index gained nearly one percent on Wednesday, following rises on Wall Street, as concerns over the US-China trade row eased after President Donald Trump delayed tariffs on key Chinese goods.
Published 15 Aug, 2019 12:00am
European shares slide

European shares slide

European stocks tumbled to a six-month low on Wednesday, as an inversion in the US yield curve following bleak data out of major economies including Germany and China pointed to a looming recession.
Published 15 Aug, 2019 12:00am
FTSE 100 sinks on recession fears

FTSE 100 sinks on recession fears

Britain's FTSE 100 tumbled to its lowest in more than two months on Wednesday after the yields on 10-year US and UK government bonds fell below two-year equivalents for the first time since the financial crisis, signalling mounting fears of recession.
Published 15 Aug, 2019 12:00am
Wednesday's early afternoon trade: indexes slump over 2.5pc

Wednesday's early afternoon trade: indexes slump over 2.5pc

Wall Street main indexes slumped more than 2.5 percent on Wednesday, as a closely watched US bond market indicator pointed to a renewed risk of recession following poor economic data from Germany and China.
Published 15 Aug, 2019 12:00am
Tech leads Wall Street higher
Exchange

Tech leads Wall Street higher

US stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally.
Published 15 Aug, 2019 12:00am
Argentine peso down again
Currency

Argentine peso down again

The Argentine peso declined for a third day on Wednesday and most Latin American markets weakened as worrying economic data from China and Germany and moves in US bond markets suggested a recession for major global economies is on the horizon as a bruisin
Published 15 Aug, 2019 12:00am
Most Asian currencies gain
Currency

Most Asian currencies gain

Most Asian currencies strengthened on Wednesday after the United States delayed some additional tariffs on imports from China in a modest easing of trade tensions between the world's top two economies.
Published 15 Aug, 2019 12:00am
Aussie, kiwi stutter

Aussie, kiwi stutter

The Australian and New Zealand dollars suffered a setback on Wednesday as disappointing Chinese economic data chilled some of the cheer caused by a temporary easing in the Sino-US trade dispute.
Published 15 Aug, 2019 12:00am
Yen holds gains in Asia
Currency

Yen holds gains in Asia

The yen held onto gains on Wednesday as weaker-than-expected Chinese economic data reinforced the view that resolving the trade war was a long way off even if US President Donald Trump had delayed some additional tariffs.
Published 15 Aug, 2019 12:00am
Yen climbs in Europe
Currency

Yen climbs in Europe

The Japanese yen jumped to the day's high on Wednesday as the United States bond yield curve inverted for the first time since 2007 as investors, gripped by worries of a looming global recession, fled to the safety of perceived safe-haven assets.
Published 15 Aug, 2019 12:00am
Early trade in New York: Yen climbs against dollar

Early trade in New York: Yen climbs against dollar

The Japanese yen jumped to a session high against the dollar on Wednesday after the US Treasury bond yield curve inverted for the first time since 2007 and investors, gripped by fear of a looming global recession, fled to the safety of perceived safe-have
Published 15 Aug, 2019 12:00am
Dollar, yuan jump in New York
Currency

Dollar, yuan jump in New York

The US dollar and offshore yuan rose on Tuesday after the Trump administration said it would delay 10% tariffs on some Chinese products scheduled to begin next month, a significant concession in the trade conflict between Washington and Beijing.
Published 15 Aug, 2019 12:00am
Banks dragging feet on no-deal Brexit homework: ECB
Currency

Banks dragging feet on no-deal Brexit homework: ECB

Lenders have fallen behind in preparations for a possible no-deal Brexit and must pick up the pace, the European Central Bank warned Wednesday, as the rhetoric over a possible chaotic departure escalated in London. "So far, banks have transferred signific
Published 15 Aug, 2019 12:00am
French joblessness hits new post-2009 low

French joblessness hits new post-2009 low

France's unemployment rate dipped slightly in the second quarter to 8.5 percent, its lowest level in a decade, the national statistics agency Insee said Wednesday, confirming a moderate downward trend begun in mid-2015. On the French mainland, the rate fe
Published 15 Aug, 2019 12:00am
Shrinking German economy 'on edge of recession'

Shrinking German economy 'on edge of recession'

Slumping exports sent Germany's economy into reverse in the second quarter, with prospects of an early recovery slim as its manufacturers struggle at the sharp end of a global slowdown amplified by tariff conflicts and fallout from Brexit. Overall output
Published 15 Aug, 2019 12:00am
Argentine president announces salary hikes, tax cuts, after poll setback

Argentine president announces salary hikes, tax cuts, after poll setback

Argentine President Mauricio Macri announced plans for salary hikes and tax cuts Wednesday after voters turned resoundingly against his austerity policies, sparking days of economic turmoil. Macri, who seeks re-election in October, said he will cut income
Published 15 Aug, 2019 12:00am
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