HONG KONG, (MILLAT+APP/AFP): Asian markets mostly fell Tuesday as attention turns to this week’s much-anticipated Federal Reserve meeting, while analysts said the recent Trump-fuelled rally may have been overblown. Global stocks have surged since Donald Trump was elected US president as investors bet his plans for huge infrastructure spending and tax cuts will kickstart the […]
Business News
Asian dealers on edge as Fed meeting approaches
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Tokyo’s Nikkei posts fresh year high before Fed meeting
TOKYO, (MILLAT+APP/AFP) – Tokyo’s benchmark index on Tuesday posted a fresh high for the year, ahead of a key US central bank meeting. The Nikkei 225 index, which was in the red at the break, rose 0.50 percent, or 95.49 points, to end the day at 19,250.52. The broader Topix index of all first-section issues […]
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Foreign Currency Account Scheme
KARACHI, (MILLAT+APP): The Foreign Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Base Rate, here on Tuesday. BBA BID MAXIMUM RATES RATES WITH FOR PAYMENT OF VALUE DATE INTEREST BY AUTHORISED DEALERS R A T E S U.S. DOLLARS VALUE 13-12-16 For 3 months and over but less than 6 months […]
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Foreign exchange rates
KARACHI, (MILLAT+APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Tuesday. 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 1.2960 13.12.16 CONVERSION RATES FOR 13TH DECEMBER 2016 FOR […]
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Qatar Airways in talks to change Airbus order
DOHA, Dec 12, (APP/AFP) – Qatar Airways is renegotiating with Airbus to change an order for up to 80 A320 neo planes to the larger A321 neos, the Gulf carrier’s chief executive said on Monday. The switch to the larger planes is an option after Qatar Airways refused to accept four A320 neos earlier this […]
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Turkey economy shrinks for first time since 2009
ANKARA, Dec 12, (APP/AFP) – The Turkish economy shrank by nearly two percent in the third quarter as consumer spending and exports plunged, data showed Monday, the first year-on-year contraction in 27 quarters since 2009. The Turkish Statistics Office said gross domestic product (GDP) fell 1.8 percent compared with the same period in 2015 causing […]