Shipbuilder Hyundai Heavy sails away on market debut

Seoul, Sept 17 (AFP/APP):Shares in the world’s biggest shipbuilder Hyundai Heavy Industries more than doubled from their initial public offering price when they made their stock trading debut on Friday. Hyundai Heavy’s IPO, follows a restructuring of the wider group linked to a deal to […]

US to charge ex-Boeing pilot over 737 MAX crashes: report

New York, Sept 17 (AFP/APP):Federal prosecutors are preparing to indict a former Boeing test pilot suspected of misleading aviation regulators over the safety issues blamed for two fatal 737 MAX crashes, the Wall Street Journal reported on Thursday. Mark Forkner was the lead contact between […]

NBP Exchange Rates

KARACHI, Sep 17 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 168.60 168.10 EURO EUR 198.77 198.18 JAPANESE YEN JPY 1.5348 1.5303 BRITISH POUND GBP 232.62 231.93 SWISS […]

Southern EU leaders target climate change at Greek summit

Athens, Sept 17 (AFP/APP):Greece is hosting a summit of southern EU leaders on Friday that will focus on climate change and “security challenges” including migration and the Afghan crisis. Greek government spokesman Yiannis Economou said the one-day meeting, with EU chief Ursula von der Leyen […]

Sugar futures close higher

ZHENGZHOU, Sept. 16 (Xinhua/APP):Sugar futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active sugar contract for January 2022 delivery gained 88 yuan (13.68 U.S. dollars) to close at 5,885 yuan per tonne. On Thursday, the total trading volume […]