Thursday, August 1st, 2019
Asian shares stumble, dollar firms as US Fed dampens bets on more rate cuts
SYDNEY, AUG 01 (DNA) — Asian shares fell to six-week lows on Thursday (Aug 1) while the dollar jumped to two-year highs as the US Federal Reserve poured cold water on market expectations of a lengthy easing cycle following a 25 basis-point rate cut. MSCI’s broadest index of Asia-Pacific shares outside Japan faltered 0.6 per cent, extending losses for a fifth day to the lowest since mid-June. Japan’s Nikkei reversed early losses and were a shade higher, while Australian shares declined 0.2 per cent. Losses in Chinese shares accelerated afterRead More
Senate voting on no-trust motion ‘detrimental for democracy’: Sh
ISLAMABAD (DNA) – Federal Minister for Railways Sheikh Rasheed Ahmad has asserted that whosoever wins in the voting of no-trust motion against Senate chairman, it would be a loss to democracy in the state. “The government [still] has amulets which had been used before,” he said, adding that Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Fazlur Rehman has been playing foul, and would achieve nothing from it. The railways minister emphasised on his full support for Punjab Chief Minister Usman Buzdar as “bureaucracy has not been working [correctly].” “[New] laws need to beRead More
Agenda of today’s Senate session released
ISLAMABAD (DNA) – The agenda of today s (Thursday) Senate session has been released. On July 22, President Dr Arif Alvi had summoned the Senate session on August 1 for voting on the no-confidence motions against Chairman Sadiq Sanjrani and Deputy Chairman Saleem Mandviwala. According to details, the resolutions submitted by the opposition and government are part of agenda for today’s meeting of the upper house of the parliament. The opposition senators had submitted the no-trust motion against Chairman Sadiq Sanjrani to the Senate Secretariat on July 9. The ruling coalitionRead More