China can keep RMB exchange rate stable&#8217;

BEIJING: China on Friday defended its currency exchange rate policy after US Republican presidential candidate Donald Trump called for higher...

AIIB offers new channels for global finance

BEIJING: On January 16-18, the Asia Infrastructure Investment Bank (AIIB) is scheduled to launch its inaugural ceremonies and hold a...

China officially joins European development bank

BEIJING: China officially became the 67th member of the European Bank for Reconstruction and Development (EBRD) after completing all formalities...

Customs Preventive seizes 8,300 bottles of foreign alcohol from Hawke’s Bay Road

KARACHI: Customs Preventive Drug Enforcement Cell has seized two trucks containing around 8,300 bottles of foreign liquor. According to details,...

Hadi Santoso for raising awareness about opportunities of bilateral trade

KARACHI: Indonesian Consul General Hadi Santoso has stressed the need for raising awareness about the huge opportunities of bilateral trade and...

SCCI chief extends felicitations to new Indian High Commissioner Bombawale

SIALKOT: President Sialkot Chamber of Commerce and Industry (SCCI) Maj (Rtd) Mansur Ahmed has greeted newly deputed Gautum Bambawale for...

Gujranwala Excise plans to tighten screw on tax defaulters

SIALKOT: The Excise and Taxation Department has decided to arrest as many as 6,500 habitual tax evaders in Gujranwala Division’s...

Rate of inflation rise to 17.7% in Dec 2015

WASHINGTON: The rate of inflation rose to 17.7 per cent in December to end 2015 up from the 17.6 per...

Norway finance ministry needs more transparency in bank regulation

OSLO: Norway's financial industry regulator should become more transparent when deciding how much capital individual banks must hold, the country's...

Netherlands exports record volume onions

AMSTERDAM: The onion market in the United States is struggling with shortages, which are pushing prices up. Because of the...

French budget deficit drops to 82.8 bln euros

PARIS: France's government budget deficit at the end of November was 82.8 billion euros ($90.1 billion), down from EUR90.8 billion...

Bangladesh bank cuts key rates in new monetary policy

DHAKA: Bangladesh Bank on Thursday announced the reduction in interest rates on repurchase agreement (repo) and reverse repo in its...

Vietnam Vinacomin plans to produce 39.87 mln mt of coal in 2016

HANOI: Vietnam National Coal Mineral Industries Holding Corp., or Vinacomin, plans to produce 39.87 million mt of coal in 2016,...

Singapore’s exports down YOY for 2nd month in Dec

SINGAPORE: Singapore's exports in December are forecast to have contracted for a second consecutive month, a Reuters poll showed, as...

Brazil’s Petrobras revokes plan to sale local market bonds

RIO DE JANEIRO: Brazil's state-led oil company Petroleo Brasileiro SA said on Friday it had canceled plans to sell as...

Malaysian palm oil prices fall on weak demand

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday to reverse its morning session of gains as demand for the...

Nawaz for early completion of CPEC’s Western route