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BoE inflation respite fleeting as linkers win

Bonds linked to UK inflation are beating all but one of their developedmarket peers this year, a sign investors see price increases accelerating from the slowest pace since 2009 as the economy gathers strength. The securities, known as linkers and designed to insulate holders from fluctuations in the cost of [...]

Draghi gauges Ukraine effect as ECB tackles low inflation

Mario Draghi, president of the European Central Bank (ECB), can look for clues from euro-area companies this week on whether the region needs more stimulus to counter economic risks from low inflation to geopolitical tension. Purchasing managers’ indexes tomorrow are forecast to show growth in manufacturing activity holding at the [...]

RBI may set new pricing norms for state debt in phases

MUMBAI: The Reserve Bank of India is discussing ways to ensure an orderly rollout of its unpopular proposal to price state government debt at market-based valuations to minimise potential losses for banks holding this debt, three officials familiar with the discussions told media. Holders of state debt – which are [...]

HBL all set to announce impressive growth in PAT

The Habib Bank of Pakistan (HBL) is likely to post impressive growth in its earnings for the three months period ended on March 31, 2014. Analysts and experts are optimistic that the bank’s profit after taxation for the period would clock in at Rs 6.5 billion or above due to [...]

SBP working to make financial markets more inclusive: Wathra

Acting Governor of the State Bank of Pakistan Ashraf Mahmood Wathra has said that SBP has been working on making financial markets more inclusive. Inaugurating the D-8 Countries’ Central Banks Experts Meeting in Islamabad, Wathra stressed the need for continued collaboration amongst D-8 central banks for inclusive economic growth. The [...]

Grief overkill….and hitting out at the ISI

Agun attack on a prominent journalist in the country’s largest city, on the road from the airport, would be enough bad news and to spare anywhere else. And everyone would be examining the cult of violence, and the stealth accompanying it, which has this nation in its grip. But such [...]

A tale of two ads

IT is not uncommon to see in a developing country like Pakistan that some powerful trade bodies are forced to appreciate a certain government’s actions even though such actions are highly injurious to their trade. The case in hand is about two advertisements that appeared in an English daily that [...]

How to resolve China’s shadow banking problem

AT the China Entrepreneur Club’s annual summit, Liu Yonghao, Vice Chairman at China Minsheng Banking and Chairman of New Hope Group describes how traditional lenders are helping small firms get loans. Shadow banking, among the biggest hurdles to restoring confidence in China’s banking system, likely could be resolved by increasing [...]

Manchester United sack manager David Moyes

Manager David Moyes has been sacked by Manchester United, the club announced on their Twitter account on Tuesday. “Manchester United announces that David Moyes has left the club,” United said. “The club would like to place on record its thanks for the hard work, honesty and integrity he brought to [...]

Perry to face world champion O’Sullivan

Joe Perry will face champion Ronnie O’Sullivan in the second round of the World Snooker Championships after coming from 6-3 down overnight to defeat Jamie Burnett 10-7 on Tuesday. Scotland’s Burnett beat Cao Yupeng and Ben Woollaston to qualify for the final stages of the World Championship, staged at the [...]