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    Call money rate remains high even after Eid rush

    HM Murtuza | Updated at 12:05am on September 29, 2018

    Call money rate has been above 4 per cent for more than a month as depositors are tending more to national savings certificates diverting funds from the banks, leaving liquidity situation in banks under stress....

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    MARKET DISCLOSURES

    | Updated at 12:05am on September 28, 2018

    National Credit Ratings Limited has announced the surveillance entity rating of the company as ‘A’ in the long term and ‘ST-2’ in the short term along with a developing outlook based on audited financial statements of the company as on December 31, 2017....

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    Oil gains 1pc ahead of shortfall in Iran supply

    Reuters . London | Updated at 12:05am on September 28, 2018

    Oil prices rose by nearly 1 per cent on Thursday, driven by the prospect of a shortfall in global supply once US sanctions against major crude exporter Iran come into force in just five weeks’ time....

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    Asian stocks down after Fed hike, Trump omments

    Agence France-Presse . Hong Kong | Updated at 12:05am on September 28, 2018

    Most Asian markets fell Thursday as investors considered the prospect of more US interest rate hikes and Donald Trump’s latest broadside in his trade war with China....

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    China, NZ shrug off Fed, but FX risks push PH, Indonesia into hikes

    Reuters . Sydney/Singapore | Updated at 12:05am on September 28, 2018

    China, Taiwan and New Zealand sat tight after the Federal Reserve’s latest rate hike, but Indonesia and the Philippines pulled the trigger on Thursday to prop up their battered currencies and temper risks to inflation and financial stability....

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    KSA’s legal revamp offers hope for cautious investors

    Reuters . Riyadh | Updated at 12:05am on September 28, 2018

    Saudi Arabia’s first comprehensive bankruptcy law went into effect last month, one of many reforms to the legal system that economists say may be more important in the long run than high-profile privatisations....

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    Fed raises US interest rates, sees at least three more years of growth

    Reuters . Washington | Updated at 12:05am on September 28, 2018

    The US Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the US economy would enjoy at least three more years of growth.....

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    Turkish economic confidence hits lowest in decade

    Reuters . Istanbul | Updated at 12:05am on September 28, 2018

    Confidence in Turkey’s economy fell by the most in a decade in September with a 15.4 per cent tumble, official data showed on Thursday, reinforcing concerns about a sharp slowdown as the once star emerging market combats a currency crisis....

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    Japan dodges US auto tariffs, for now

    Reuters . New York | Updated at 12:05am on September 28, 2018

    US president Donald Trump and Japanese prime minister Shinzo Abe agreed on Wednesday to start trade talks in an arrangement that, for now, protects Japanese automakers from further tariffs, seen as a major threat to the export-dependent economy....

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    India’s shadow banking scare could derail its robust growth story

    Reuters . Mumbai | Updated at 12:05am on September 28, 2018

    Manzoor Ahmad lost his job as an electrician and is struggling to make ends meet after a crucial road tunnel project shut down in Srinagar, the summer capital of Jammu and Kashmir state in the north....

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