TOKYO, (APP/AFP) – Tokyo stocks closed higher Wednesday as a halt in the yen’s rally lifted exporters while oil-linked shares and banks rose. The benchmark Nikkei 225 index rose 0.90 percent, or 149.13 points, to end at 16,745.64, while the broader Topix index of all first-section shares was up 0.97 percent, or 12.66 points, at […]
International News
Tokyo shares end higher on energy firms, exporters
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Foreign exchange rates
KARACHI, (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Wednesday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 1.1974 17.08.16 CONVERSION RATES FOR 17TH AUGUST 2016 FOR […]
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Peru ex-president’s embezzlement sentence overturned
LIMA, (APP/AFP) – Peru’s supreme court has overturned an embezzlement sentence against former president Alberto Fujimori, although the decision will not alter the 25-year prison term he is serving for crimes against humanity. The disgraced former leader was sentenced in January 2015 to eight years in prison for diverting some 122 million soles ($40 million) […]
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Dollar halts slide on Fed rate hike talk
TOKYO, (APP/AFP) – The dollar halted its slide in Asia trade Wednesday after a senior US central banker said overnight that an interest rate raise could come as early as next month. William Dudley, the influential head of the Federal Reserve’s New York branch, unexpectedly hinted that a rate hike was possible as early as […]
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British shoppers begin to feel post-Brexit pinch
LONDON, (APP/AFP) – From computers and cars to carpets and food, Britain’s decision to leave the EU is beginning to hit consumers in the pocket, having already spread uncertainty through the property market. The consequences of the shock vote have so far been mainly theoretical, but recent data suggest that the country’s tumbling currency is […]
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US reiterate call for Pakistan, India to cooperate in fighting terrorism
WASHINGTON, (APP): The United States on Tuesday reiterated call for Pakistan and India to have greater collaboration in fighting terrorism, saying it was good both for the region as well as for Washington. “We would encourage greater dialogue and counter terrorism cooperation between both Pakistan and India. We’ve said that many times. It’s for the […]