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Saturday 20, December 2014

 
 
 




 

Market


US stocks rise for 3rd day in a row

By: Web Desk, Uploaded: 20th December 2014

US stocks rise for 3rd day in a row NEW YORK:- US stocks finished higher Friday, continuing to ride the positive momentum from Wednesday’s Federal Reserve meeting as the last full week of trade of 2014 ended. The Dow Jones Industrial Average added 26.65 points (0.15 percent) at 17,804.80. The broad-based S&P 500 rose 9.42 (0.46 percent) to 2,070.65, about five points below its...


Fed move spurs ‘Santa Claus rally’ as US stocks gain

By: Web Desk, Uploaded: 20th December 2014

Fed move spurs ‘Santa Claus rally’ as US stocks gain by John BIERS NEW YORK:- US stocks went from famine to feast this week, starting out fearful of crashing oil prices and finishing it smiling at a “Santa Claus rally.” The turnaround came Wednesday, the first of three buoyant sessions that by week’s end left the S&P 500 in positive territory for December. “This week...


Kerb currency market

By: Web Desk, Uploaded: 19th December 2014

Kerb currency market KARACHI: Following were the opening rates of foreign currencies in kerb market, issued by Forex Association of Pakistan (FAP) here on Friday. F.C.                                              LOW RATE      HIGH RATE U.S $ (Inter Bank)                      100.56         100.60 U.S $ (Cash Free Market    )     100.55         100.75 EURO                                             123.50         123.75 U.K. POUND                                 157.50         157.75 JAPANI YEN                               ...


Tokyo shares end 2.39% higher

By: Web Desk, Uploaded: 19th December 2014

Tokyo shares end 2.39% higher TOKYO: – Tokyo stocks jumped 2.39 percent Friday following sharp gains on Wall Street while the dollar’s strength also provided support. The Nikkei 225 index at the Tokyo Stock Exchange climbed 411.35 points to 17,621.40, while the Topix index of all first-section shares rose 2.42 percent, or 33.29 points, to 1,409.61. Tokyo tracked a positive...


Hong Kong shares end 1.25% higher

By: Web Desk, Uploaded: 19th December 2014

Hong Kong shares end 1.25% higher HONG KONG:- Hong Kong stocks climbed 1.25 percent Friday, ending the week with a flourish after another strong rally on Wall Street, while Shanghai ended at a new four-year high. The benchmark Hang Seng Index added 284.42 points to 23,116.63 on turnover of HK$95.71 billion (US$12.35 billion). In mainland China the benchmark Shanghai Composite Index...


European stock markets extend gains

By: Web Desk, Uploaded: 19th December 2014

European stock markets extend gains LONDON: – Europe’s main stock rose at the start of trading on Friday, building on the previous day’s sharp gains. London’s benchmark FTSE 100 index climbed 0.38 percent to 6,490.44 points compared with Thursday’s close. Frankfurt’s DAX 30 gained 0.92 percent to 9,901.26 points and in Paris the CAC 40 advanced 0.77 percent to 4,282.39....


China auto firm BYD recovers partially after 40% plunge

By: Web Desk, Uploaded: 19th December 2014

China auto firm BYD recovers partially after 40% plunge HONG KONG:- Shares in Chinese car maker BYD, which plunged almost 30 percent in the previous session amid speculation about its business outlook, recovered partially in Hong Kong Friday after it moved to quash the rumours. The firm, which is backed by US billionaire Warren Buffett, ended up 14.17 percent at HK$28.60 in the afternoon...


EU leaders want US trade deal signed end-2015

By: Web Desk, Uploaded: 19th December 2014

EU leaders want US trade deal signed end-2015 Brussels: EU leaders agreed at a summit Thursday to push for the signing of a huge but controversial free trade deal with the United States by the end of 2015. Talks on the TTIP (Transatlantic Trade and Investment Pact), which would be the world’s biggest trade deal, began 18 months ago and are still under...


Asian markets extend gains after Fed statement

By: Web Desk, Uploaded: 19th December 2014

Asian markets extend gains after Fed statement HONG KONG: – Asian markets rallied for a second straight session Friday, boosted by another strong performance on Wall Street while renewed confidence helped push the dollar back towards the 100 yen mark. Tokyo jumped 2.39 percent, or 411.35 points, to 17,621.40 thanks to the weaker yen, while Sydney climbed 2.45 percent, or 127.8 points,...


Tokyo stocks jump 1.75% at open

By: Web Desk, Uploaded: 19th December 2014

Tokyo stocks jump 1.75% at open TOKYO: – Tokyo stocks leapt 1.75 percent at the open on Friday following sharp gains on Wall Street and a stronger dollar against the yen. The Nikkei 225 index at the Tokyo Stock Exchange climbed 300.96 points to 17,511.01 at the start. US stocks surged Thursday for the second day in a row on expectations...


Hong Kong stocks open 1.43% higher

By: Web Desk, Uploaded: 19th December 2014

Hong Kong stocks open 1.43% higher HONG KONG,:- Hong Kong shares rose 1.43 percent at the open of trade Friday, adding to the previous day’s advance, following another strong lead from Wall Street. The benchmark Hang Seng Index added 326.06 points to 23,158.27 in the first few minutes of trade....


US officials see progress in China trade talks

By: Hassaan Ali, Uploaded: 19th December 2014

US officials see progress in China trade talks WASHINGTON: – The United States and China wrapped up high-level trade talks Thursday in Chicago, with US officials hailing progress in a range of areas including medicines, intellectual property rights and agriculture. Secretary of Commerce Penny Pritzker said the two sides had “very productive” talks in the annual high-level forum aimed at addressing bilateral trade...


China shares lower in morning trade

By: Web Desk, Uploaded: 19th December 2014

China shares lower in morning trade SHANGHAI:- Chinese shares were slightly lower on Friday morning due to continued profit-taking after a recent rally, despite strong gains in US stocks overnight, dealers said. The benchmark Shanghai Composite Index edged down 0.15 percent, or 4.44 points, to 3,053.08. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, eased 0.22 percent, or...


K-Electric Signs Accord with Engro to Boost Power Generation through LNG

By: Web Desk, Uploaded: 19th December 2014

K-Electric Signs Accord with Engro to Boost Power Generation through LNG K-Electric Limited in its press statement is pleased to announce the signing of two separate MoUs with Engro with the objective of increasing power supply to the city and it’s adjoining areas using LNG as fuel for new generation. Introduction of LNG in the fuel mix is part of KE’s strategy to achieve fuel diversity...


Asian markets extend gains after Fed statement

By: Web Desk, Uploaded: 19th December 2014

Asian markets extend gains after Fed statement HONG KONG: – Asian markets rallied for a second straight session Friday, boosted by another strong performance on Wall Street while renewed confidence helped push the dollar back towards the 100 yen mark Tokyo jumped 1.59 percent thanks to the weaker yen, while Sydney climbed 1.66 percent, Seoul rose 1.29 percent and Hong Kong added...


Tokyo stocks up 1.92% by break

By: Web Desk, Uploaded: 19th December 2014

Tokyo stocks up 1.92% by break TOKYO: – Tokyo stocks jumped 1.92 percent Friday morning following sharp gains on Wall Street, while the dollar rose against the yen ahead of the conclusion of a Bank of Japan policy meeting. The Nikkei 225 index at the Tokyo Stock Exchange climbed 330.07 points to 17,540.12 by the break, while the Topix index of...


Tokyo stocks up 1.92% by break

By: Web Desk, Uploaded: 19th December 2014

Tokyo stocks up 1.92% by break TOKYO:- Tokyo stocks jumped 1.92 percent Friday morning following sharp gains on Wall Street, while the dollar rose against the yen ahead of the conclusion of a Bank of Japan (BoJ) policy meeting. The Nikkei 225 index at the Tokyo Stock Exchange climbed 330.07 points to 17,540.12 by the break, while the Topix index of...


Tokyo stocks open up 1.92% higher

By: Hassaan Ali, Uploaded: 18th December 2014

Tokyo stocks open up 1.92% higher TOKYO: – Tokyo stocks opened 1.92 percent higher on Thursday, buoyed by the dollar’s jump against the yen and gains on Wall Street. The Nikkei 225 index at the Tokyo Stock Exchange was up 323.22 points at 17,142.95 at the start. The dollar was at 118.80 yen early Thursday, up from 118.63 yen in New...


China shares lower in morning trade

By: Web Desk, Uploaded: 18th December 2014

China shares lower in morning trade SHANGHAI:- Chinese shares were lower on Thursday morning due to profit-taking after recent gains, dealers said. The benchmark Shanghai Composite Index edged down 0.11 percent, or 3.41 points, to 3,057.61. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.31 percent, or 4.62 points, to 1,488.32....


Asian markets up after Fed meeting

By: Web Desk, Uploaded: 18th December 2014

Asian markets up after Fed meeting HONG KONG: – Asian markets rallied Thursday with investors rushing back after a recent sell-off, spurred by a Wall Street recovery and an indication from the US Federal Reserve that interest rates will not likely rise until mid-2015. While bank policymakers were reticent to give a firm date, their language indicated a change in tack,...


Tokyo stocks jump 2.55% by break

By: Web Desk, Uploaded: 18th December 2014

Tokyo stocks jump 2.55% by break TOKYO: – Tokyo stocks jumped 2.55 percent on Thursday morning, boosted by a rally on Wall Street and a weaker yen after the US Federal Reserve indicated interest rates would be hiked by mid-2015. The Nikkei 225 index at the Tokyo Stock Exchange tacked on 428.11 points to 17,247.84 by the break, while the Topix...


Tokyo stocks jump 2.55% by break

By: Web Desk, Uploaded: 18th December 2014

Tokyo stocks jump 2.55% by break TOKYO: – Tokyo stocks jumped 2.55 percent on Thursday morning, boosted by a rally on Wall Street and a weaker yen after the US Federal Reserve indicated interest rates would be hiked by mid-2015. The Nikkei 225 index at the Tokyo Stock Exchange tacked on 428.11 points to 17,247.84 by the break, while the Topix...


Ruble steady in Asia after Russia measures to halt collapse

By: Web Desk, Uploaded: 18th December 2014

Ruble steady in Asia after Russia measures to halt collapse TOKYO: – The ruble recovered in Asia Thursday after Russian authorities launched fresh measures to halt its collapse, while the Federal Reserve’s indication that interest rates will not rise until mid-2015 supported the dollar. The struggling Russian unit was at 61.20 to the dollar after plunging to 80 earlier in the week, and at 74.92...


Hong Kong stocks up 1.34% by break

By: Web Desk, Uploaded: 18th December 2014

Hong Kong stocks up 1.34% by break HONG KONG: – Hong Kong stocks climbed 1.34 percent Thursday morning, following a surge on Wall Street after the US Federal Reserve indicated that interest rates would not go up until mid-2015. The benchmark Hang Seng Index added 301.86 points to 22,887.70 by lunch, on turnover of HK$49.89 billion (US$6.44 billion)....


Rates for conversion of FCD, DBC, FCBC, US dollar bonds

By: Web Desk, Uploaded: 17th December 2014

Rates for conversion of FCD, DBC, FCBC, US dollar bonds KARACHI:  The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S. Dollar Bonds and profits thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E- 25 deposits) by the State Bank on December 18, 2014. The rates...


European stock markets slide

By: Web Desk, Uploaded: 17th December 2014

European stock markets slide LONDON: – European stock markets slid Wednesday after sharp gains the day before, while oil prices drifted to new lows, as investors awaited the outcome of the US Federal Reserve meeting. Oil prices extended their losses to fresh five-and-a-half-year lows, while the Russian ruble rebounded a bit after its recent plunge against the dollar. Global...


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