TOKYO, July 15, (APP/AFP) – The pound built on the previous day’s gains in Asia Friday after the Bank of England surprised markets by holding fire on an interest rate cut at its first meeting since Britain voted to leave the European Union. Many had expected a move to counter the fallout from the shock […]
Business News
Pound gains as Bank of England holds off rate cut
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Hong Kong stocks end morning higher
HONG KONG, (APP/AFP) – Hong Kong stocks ended the morning session on a high Friday, heading for a fifth-straight gain, following a Wall Street record and data showing China’s economy grew more than expected in April-June. The Hang Seng Index added 0.62 percent, or 134.33 points, to 21,695.39 by the break. But the benchmark Shanghai […]
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Spot rates of cotton (Crop 2015-2016)
KARACHI, (APP): Karachi Cotton Association (KCA) on Thursday announced the following KCA Spot Rates for local dealing in Pak rupees for base grade 3 (three) staple length 1-1/16″ Micronaire value between 3.8 and 4.9 NCL. Rate Ex-Gin Up-country Spot Rates for Price Expenses Ex-Karachi 37.324 kgs 6,000 135 6,135 Equivalent 40 kgs 6,430 145 6,575
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KPT shipping intelligence report
KARACHI, (APP): The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Thursday. ALONG SIDE (Bulk Oil Pier): OP-I Quetta D. Crude Oil PNSC 13/07/16 OP-II Sti Regina D. Petrol Alpine 12/07/16 OP-III Front Dee D. Naptha Alpine 13/07/16 ALONG SIDE (East Wharves): 1 Daewoo Daimond […]
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Asia markets soar again, led by Tokyo
HONG KONG, (APP/AFP) – Japanese stocks led a broad rally on Asian markets Thursday, posting a fourth straight gain as investors took heart from another record close on Wall Street, while the pound rose ahead of a key central bank meeting. The Nikkei index has now wiped out all the losses sustained after Britain’s shock […]
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Kerb currency market
KARACHI, (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Thursday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.84 104.89 U.S $ (Cash Free Market) 105.20 105.40 SAUDIA RIYAL 27.80 28.00 UAE DIRHAM 28.50 28.70 EURO 115.90 116.10 UK POUND […]