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Pakistan holds key rate at 6% to steady rupee
(The Gulf Today - 31/01/2016)

Pakistan’s central bank left interest rates unchanged for a second straight meeting to support a currency that’s weakening as inflation accelerates. The State Bank of Pakistan kept the target policy rate at 6 per cent, Governor Ashraf Mahmood Wathra said

Wall Street: US corporations to report best and worst of times
(Arab News - 31/01/2016)

Stock market investors who spent January swayed by oil prices, economic weakness in China and central bank speculation may continue to do that this week, even though it should be a dramatic one for earnings reports and economic data. Fourth-quarter 2015

China stocks close higher
(Reuters - 29/01/2016)

China stocks rose more than 3 percent on Friday, recovering losses at the end of a tumultuous week, having recorded their worst month since the global financial crisis. The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended up

Samsung Electronics posts 40% fall in Q4 net profit
(Gulf Times - 29/01/2016)

Slowing global demand for smartphones as well as memory chips dealt a blow to Samsung Electronics as it reported yesterday a 40% on-year drop in fourth-quarter net profit. The world’s top handset maker continued to be squeezed at both ends of the

Euro-area economic confidence drops
(Agencies - 29/01/2016)

Euro-area economic confidence slumped more than analysts predicted in January, strengthening the European Central Bank’s case for increasing stimulus. An index of executive and consumer confidence fell to 105 from a revised 106.7 in December, the

China raises $3b in first domestic sale of green bonds
(Gulfnews - 28/01/2016)

Shanghai Pudong Development Bank Co. raised 20 billion yuan ($3 billion) in China’s first domestic green bond offer tied to support for clean energy and environmental protection. The bank will pay 2.95 per cent interest annually on its three-year bonds,

Asian Shares Rise, but Shanghai Composite Closes Slightly Down
(Dow Jones Newswire - 27/01/2016)

China's main stock benchmark closed slightly down Wednesday, mostly recovering from steep losses earlier in the volatile session. The Shanghai Composite Index finished down 0.5% at 2735.56. That was its lowest close since December 2014. It dropped as

China shares end lower, taking 2016 losses to $1.8 trillion
(Reuters - 27/01/2016)

China's highly volatile shares ended lower again on Wednesday after plunging on Tuesday, taking losses in 2016 to about 22 percent or 12 trillion yuan ($1.8 trillion). The benchmark Shanghai Composite Index .SSEC ended down 0.5 percent, having been up in

Treasury confirm plans to float Islamic bonds for infrastructure
(Coast Week - 27/01/2016)

Kenya’s Treasury has said it plans to float Islamic bond (sukuk) in order to meet the growing needs for infrastructure funding across the East African nation. National Treasury Cabinet Secretary Henry Rotich told a media briefing in Nairobi that the

ndonesia finmin says "to move fast" in issuing a global sukuk
(Reuters - 27/01/2016)

Indonesia's government needs to move fast in issuing dollar-denominated Islamic bond this year, in order to anticipate further changes in US interest rates, finance minister Bambang Brodjonegoro told reporters on Wednesday. Brodjonegoro did not disclose

Global stock markets sink on China woes
(The Gulf Today - 27/01/2016)

Global stock markets slipped on Tuesday, led by a plunge in China’s Shanghai index, after a renewed slump in the price of oil kept investors on edge about the world economy. France’s CAC 40 fell 0.1 per cent to 4,308.74 and Germany’s DAX lost 0.3 per

Oil dips 4 pc, Asian stocks gain, Europe markets fall
(Oman Daily Observer - 26/01/2016)

Asian stocks rallied again on Monday as investors bet on central bank stimulus measures to support markets after the bloodbath at the start of the year. Having set the tone for global trading floors on Friday with sharp gains, regional dealers took up

China to expand reforms, replace business tax with VAT
(The Gulf Today - 26/01/2016)

China will expand tax reforms to replace a business tax with a value-added tax (VAT) this year, state radio quoted Premier Li Keqiang as saying, in the latest step to bolster slowing growth. Top leaders have already pledged to cut taxes and expand the

The importance of a strong chinese equity market
(Arab News - 25/01/2016)

A strong equity market carries benefits for China: (i) It provides a more attractive backdrop for IPOs, and for private equity financing, opening up a new financing opportunity for small and medium-sized enterprises which have more limited access to

Central bankers need to look beyond oil volatility
(Financial Times - 24/01/2016)

At some point in 2016, the world’s financial and commodity markets will no doubt have a quiet week. That week was not this week. Dramatic gyrations in financial asset and oil prices pushed global stock indices into bear market territory on Wednesday

Australian bond rally not over, most bullish analyst says
(Bloomberg - 24/01/2016)

The Australian bond analyst who was the most bullish on sovereign debt three months ago says this year’s rally has further to go as tumbling inflation expectations give the central bank room for interest-rate cuts. “Bonds are a pretty attractive asset

Ukraine debt deal with Russia still possible
(The Gulf Today - 24/01/2016)

Ukraine may still reach an agreement with Russia on $3 billion of debt it defaulted on last month as talks mediated by Germany continue, Finance Minister Natalie Jaresko said. Officials from the two sides’ finance ministries may meet “in the near future”

KLCI surges nearly 25 points as ringgit rallies on crude oil rebound
(The Star - 22/01/2016)

Key regional markets rebounded on Friday while the FBM KLCI surged nearly 25 points and the ringgit put up a strong performance against the major currencies, underpinned by a rebound in crude oil prices. Driving the rebound in oil and the equities

Chinese Officials Report Capital Outflows Eased Into End of 2015
(Daily FX - 22/01/2016)

China’s State Administration of Foreign Exchange published a statement regarding capital flows. According to Reuters, SAFE reported that Chinese banks sold $164.4 billion in FX reserves in the end of 2015 versus $196.1 billion in the third quarter. This

(Pakistan Observer - 21/01/2016)

As Pakistan Observer has decided to launch a new special page on Islamic Banking and Finance to appear tomorrow, financial experts have lauded the daily’s initiative to promote this important segment of banking which is growing day by day. The special

China seen losing another $300b in FX reserves
(The Gulf Today - 21/01/2016)

China’s foreign-exchange reserves are seen tumbling $300 billion this year to a level near what some analysts say risks undermining confidence in the central bank’s ability to defend the currency. Ten out of 12 economists in a Bloomberg survey last week

World stock markets nosedive
(The Gulf Today - 21/01/2016)

Turmoil returned to global markets as oil plunged and US stocks sank to the lowest levels in 21 months, fueling a rush into haven assets. Corporate results exacerbated the rout, sending MSCI Inc.’s gauge of global equities to the brink of a bear market.

Chinese Stocks in Hong Kong Fall to Global Financial Crisis Lows
(Bloomberg - 20/01/2016)

Chinese stocks in Hong Kong tumbled to the lowest level since the depths of the global financial crisis as a slide in the city’s dollar spurred concerns over capital outflows. Oil producers and property developers led declines. The Hang Seng China

Global Stocks Fall After US Turbulence, Chinese Weakness
(ABC News - 20/01/2016)

In early trading, Germany's DAX tumbled 2.4 percent to 9,436.57 and France's CAC-40 shed 2.2 percent to 4,176.45. Britain's FTSE 100 sank 2 percent to 5,762.07. Wall Street looked set for losses. Futures for the Dow Jones industrial average were down 1.9

China GDP growth slows to 6.9 percent for 2015
(Arab News - 20/01/2016)

China's economy grew at its weakest pace in a quarter of a century last year, raising hopes Beijing would cushion the slowdown with more stimulus policies, which in turn prompted a rally on the country's rollercoaster share markets. Growth for 2015 as a

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