Business
Business
Roche commences trial for eye drug lampalizumab
Swiss drugmaker Roche said today that it had started late-stage trials for its experimental drug lampalizumab as a treatment for…
China 3-year and 5-year local govt bonds auctioned at 4.14, 4.15pc
China's finance ministry auctioned 32.6 billion yuan ($5.31 billion) of three- and five- year bonds on behalf of six local…
Kenya central bank says in the market to mop up 20bn shillings to control excess liquidity
Kenya's central bank said on Monday it was seeking to mop up 20 billion shillings ($224.77 million) of excess liquidity…
$7bn debt servicing a challenge to economy
External debt servicing rose to an alarmingly high level as it reached close to $7 billion in FY14 which is…
ADB extends support to deal with natural disasters
The Asian Development Bank (ADB) yesterday offered its expertise to Pakistan to deal with natural calamities. During a meeting with…
Tuwairqi Steel Mills ltd.offers 7% equity to govt
Tuwairqi Steel Mills Limited (TSML) is ready to transfer seven per cent equity to the government as soon as the…
Sukuk are new financial centre ‘status symbol’
Sukuk are the newest status symbol for leading international financial centres. Hong Kong is the latest city outside of the…
Food prices drop to 5 year low: UN report
The price of food has dropped worldwide to an all-time, five year low, the UN agricultural agency reported. The Food…
Falling oil price helps US economy
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a…