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Showing posts with label 2017 at 10:45AM. Show all posts
Showing posts with label 2017 at 10:45AM. Show all posts

Sunday, June 4, 2017

ACCI, PSX join hands to promote SMEs in Hazara – The Express Tribune

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The Express Tribune
ACCI, PSX join hands to promote SMEs in Hazara
The Express Tribune
PESHAWAR: The Abbottabad Chamber of Commerce and Industry (ACCI) and the Pakistan Stock Exchange (PSX) agreed to jointly work to promote the SME culture in Hazara Division and develop small scale industries in the area. In this connection, a …

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June 04, 2017 at 10:38AM

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Emerging market investors to return over time, says PSX – The Express Tribune

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The Express Tribune
Emerging market investors to return over time, says PSX
The Express Tribune
KARACHI: On June 1, the Pakistan Stock Exchange (PSX) was formally included among MSCI’s Emerging Markets (EM) after a period of nine years. However, the day soon turned sour for investors as the KSE 100-share Index – the market’s performance …
Battered stocks to show resilience on valuations gapThe News International

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June 04, 2017 at 10:38AM

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Sunday, May 21, 2017

Text Bulletin 0800 hrs – Radio Pakistan (press release)

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Text Bulletin 0800 hrs
Radio Pakistan (press release)
Finance Minister Ishaq Dar says the government has taken all stakeholders onboard in the process of budget making to ensure consensus. Talking to a delegation of All Pakistan Textile Processing Mills Association in Islamabad, he said Prime Minister has …

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May 21, 2017 at 10:44AM

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Sunday, May 14, 2017

Buzzing stocks: Glenmark, Yes Bank took a dive; Bharti Airtel surprised

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58666430.cmsThe BSE Sensex and the Nifty50 settled at 30,188 and 9,400 respectively at the week end.

May 14, 2017 at 10:41AM

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Dalal Street week ahead: The trick is to remain sector & stock specific

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58666422.cmsPicking up quality stocks will hold the key for better returns in the week ahead.

May 14, 2017 at 10:41AM

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Five key factors that are likely to drive market in the coming week

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58666416.cmsOn Friday, the benchmark indices slipped into the negative zone amid bouts of profit-taking.

May 14, 2017 at 10:41AM

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Nepal in Talks With China to Build $8 Billion Cross-Border Rail Link: Finance Ministry Official – U.S. News & World Report

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McClatchy Washington Bureau
Nepal in Talks With China to Build $8 Billion Cross-Border Rail Link: Finance Ministry Official
U.S. News & World Report
BEIJING (Reuters) – Nepal is in talks with China to build a cross-border rail link that may cost up to $8 billion, and funding could be expected after Nepal formally signed up to Beijing’s Belt and Road initiative, a Nepali finance ministry official
China’s Xi says Silk Road plan boosts finance, security tiesMcClatchy Washington Bureau
Pakistan signs nearly $500m with China ahead of Silk Road forumArab News
PM tells Chinese president about progress on CPEC projectsPakistan Today
Daily Pakistan –Livemint
all 1,271 news articles »

May 14, 2017 at 10:44AM

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Saturday, May 13, 2017

NYT Publisher Writes To Those Who Ditched Subscriptions Over Bret Stephens

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WASHINGTON — In an effort to win back their support, the publisher of The New York Times sent a “personal note” to readers who canceled subscriptions over the publication’s hiring of Bret Stephens, a former opinion writer at The Wall Street Journal and a denier of mainstream climate science. 

In an email that went out Friday afternoon, Arthur Sulzberger Jr. said he wanted to “provide a bit more context” about the Times’ decision to hire Stephens. The email, first reported on by Politico and later sent to HuffPost by a former subscriber, appears to have gone out to all those who cited Stephens in their decision to cancel.

“First, it’s worth underscoring that The Times’s newsroom, which functions separately from our Opinion department and is led by executive editor Dean Baquet, has sharply expanded the team of reporters and editors who cover climate change,” Sulzberger wrote. “No subject is more vital.”

Sulzberger goes on to provide a number of examples of the newspaper’s climate coverage ― journalism, he said, that is “unrivaled in its sophistication and imagination.”

The Times hired Bret Stephens, a conservative columnist who identifies as a “climate agnostic,” last month — a move many argued conflicts with its mission of publishing the truth. Michael E. Mann, a climate scientist at Pennsylvania State University, launched the hashtag #ShowYourCancellation — and a number of readers did just that

In his debut column, titled “Climate of Complete Certainty,” Stephens — who Vox recently dubbed a “climate change bullshitter” — calls the 1.5 degrees Fahrenheit by which Earth has warmed since 1880 “modest.” Leading climate scientists, including Mann, responded with an open letter blasting the Times for allowing Stephens to publish “inaccurate and misleading” statements on climate change.

As the publication has done previously, Sulzberger defended hiring Stephens in his email Friday. He said that the Times’ opinion pages “remain an independent and unblinking forum for debate from a wide range of viewpoints among open-minded, informed writers and readers” and that it is “very fortunate to have a principled, independent-minded conservative writer like Bret Stephens join our team.”

Stephens continued: 

Our editorial page editor, James Bennet, and I believe that this kind of debate, by challenging our assumptions and forcing us to think harder about our positions, sharpens all our work and benefits our readers. This does not mean that The Times will publish any commentary. Some points of view are not welcome, including those promoting prejudice or denying basic truths about our world. But it does mean that, in the coming years, we aim to further enrich the quality of our debate with other honest and intelligent voices, including some currently underrepresented in our pages. If you continue to read The Times, you will encounter such voices — not just as contributors, but as new staff columnists.

I’m grateful for the support you have provided to our journalism in the past, and I hope you may consider supporting it again in the future. You’ll always have a home here at The Times and we welcome your feedback at opinion.feedback@nytimes.com.

Of all the people who canceled a subscription since Stephens was hired, less than 6 percent cited the columnist as their reason, a NYT spokesperson told Politico’s Hadas Gold. 

This suggests to me that a lot of people actually cancelled their subscriptions https://t.co/FyrAB6Vidy

— Christopher Hayes (@chrislhayes) May 12, 2017

In their open letter early this month, Mann, climate scientist Katherine Hayhoe and dozens of other scientists urged the Times to apply the same rigorous fact-checking to editorial writers as it does to its news reporters.

“Facts are still facts, no matter where in the paper they appear,” they wrote. 

— This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

May 13, 2017 at 09:03AM

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from Chris D’Angelo

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Why Baidu, Inc. (BIDU) Could Be Positioned for a Surge

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Why Baidu, Inc. (BIDU) Could Be Positioned for a SurgeBaidu (BIDU) is seeing solid earnings estimate revisions, and the stock is showing decent short-term momentum as well.

May 13, 2017 at 10:43AM

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Five investment lessons you can pick from blockbuster Baahubali

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58654879.cmsA prudent investor must ensure that when one has waited for long, the returns are worth it.

May 13, 2017 at 10:42AM

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Sunday, May 7, 2017

S. Koreans want new leader to create jobs minus corruption – ABC News

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S. Koreans want new leader to create jobs minus corruption
ABC News
FILE – In this Thursday, April 20, 2017 file photo, elementary school children look at posters of candidates for the May 9 presidential election in Seoul, South Korea. Creating jobs, ending corruption and boosting low birthrates should be high on a to

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May 07, 2017 at 10:40AM

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Friday, May 5, 2017

Text Bulletin 2000 hrs – Radio Pakistan (press release)

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Text Bulletin 2000 hrs
Radio Pakistan (press release)
Addressing a news conference in Islamabad on Thursday evening, Minister of State for Capital Administration and Development Division Tariq Fazal Chaudhry said PTI should now answer to the Supreme Court about charges of foreign funding for the party …

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May 05, 2017 at 10:43AM

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Saturday, April 29, 2017

Hawkish Fed, Strong NFP to Tame GBP/USD Recovery

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The near-term resilience in GBP/USD may succumb to the key event risks coming out of the U.S. economy should the developments boost bets for an imminent Fed rate-hike.

April 29, 2017 at 10:31AM

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from David Song, Currency Analyst

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Friday, April 28, 2017

Q1 2017 French GDP flash 0.3% vs 0.4% exp q/q

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Q1 2017 French GDP flash data report 28 April 2017
The only saving grace here is the uptick in the Q4 revisions.
Yesterday, Draghi said the Eurozone recovery was  I guess he was using some artistic licence with that one 😉

April 28, 2017 at 10:32AM

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from Ryan Littlestone

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Health Minister slams ‘false’ and ‘unfounded’ claims from anti-vaccine campaigners

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Highlighting the particular case of the HPV vaccine, Harris said he is very concerned about the fall in the uptake rate, which is heading below 50%.

April 28, 2017 at 10:30AM

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Fin24.com | Nasdaq ends at new record; oil shares fall

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The Nasdaq has jumped to a fresh record ahead of earnings reports from Amazon and other tech giants after the market close, while oil weakness hit petroleum-linked shares.

April 28, 2017 at 10:29AM

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Rupee opens 5 paise up at 64.11 against dollar

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58410983.cmsThe USD-INR spot is likely to trade in a range-bound manner on Friday, Angel Broking says.

April 28, 2017 at 10:26AM

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Tuesday, April 25, 2017

Exploring the Boardroom Fundamentals via Inquiries

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The contemporary corporate board as the top leadership and directorial role plays a significant role in advising and monitoring organizational management, overseeing business strategy, guiding businesses toward the right direction and achieving expected business results. Due to the “VUCA” characteristics -complexity, uncertainty, ambiguity and velocity of the digital era, the directorship in any organization becomes more critical and challenging. How to explore the boardroom fundamental via the set of inquiries in order to improve its effectiveness?




What is the ultimate purpose of the Board of Directors (BoD)?  The purpose of the governing body, or board of directors, is to direct the organization to the right direction and monitor its performance. Corporate governance is to make sure that management is doing its job properly. According to the laws of the jurisdictions in which the organization is domiciled and in which it operates. This purpose is generally known as “corporate governance.”  While “corporate governance” can be modeled in general terms, and while certain aspects of corporate governance are heavily regulated in some jurisdictions. There is no standard model for corporate governance because the context for corporate governance includes a wide range of circumstances and capabilities which are subject to constant variability. So the governing body (BoD) must define the management’s job, which is embraced in the purpose, objectives, strategy and policy of the organization, and must monitor the management’s performance and conformance in order to verify that what was specified is what is actually happening. So the governing body needs to develop a good sense of the appropriate scope of decisions, and what are pertinent to its role versus what are really the purview of management.  


How effectively do the boards engage with management on the company’s strategy? The Board’s role is to pull management out of the trees to see the forest. They see the development of strategy as a collective effort between themselves and management, rather than a question of “us versus them.” Management generates and shares ideas that stimulate debate among directors who are there to make positive, valuable contributions to strategy development, to ensure there is a strong context for establishing the tactical choices when the surprises that will invariably show up. Great boards consist of independent directors who are “rowing together in the boat,” not just to provide a critique of the ideas they are presented with. The challenge also includes converting vision to clear marketing and executable management processes. This implies that Boards of the future will need to work much more closely and collaboratively. Given the short amount of time they spend together, this could be one of the biggest challenges.  Board is to fulfill its fiduciary responsibilities to its stakeholders, it needs to be more than a rubber stamp. It might not be developing business strategy, but it needs to do more than a rubber stamp it.
How to solve the paradox of management vs. governance in the boardroom?The paradox is “a situation, person, or thing that combines contradictory features or qualities.” Strategy management and business governance are complementary functions. The complementary point is: Strategic planning is part of the strategy development process that starts with strategic thinking, then goes to strategy formation and ends with strategic planning. In these processes, you often meet many paradoxes,  such as logic vs. creativity in strategic thinking or revolution vs. evolution in strategic planning. That is why the strategic planning is usually left out of corporate governance, as you would not like to either have your future strategy constrained by the current corporate governance or the corporate governance weakened by too much creativity. Strategy manifests the ‘AS IS” & “TO BE’ state of the organization.Corporate governance could be part of strategic planning because if it isn’t, strategic planning becomes a synonym for wishful thinking – corporate governance is where resources are allocated to turning the strategy into a reality.  Though there are other dimensions to corporate governance that aren’t associated with strategy, just as there are dimensions of strategy that never have anything to do with corporate governance.


Is the Board of Directors directing management effectively and appropriately by establishing objectives and defining operational and management parameters limiting management authority? Ideally, no manager should govern their own function, each function should have a governance group. Corporate governance operates by the Boards of Directors delegating authority downward to a series of governance committees and boards with responsibility for investment, risk, compliance, finance, compensation, architecture, policy, etc. If the board is effective and efficient by results and by how well the organization is connecting all the right dots (people dots, awareness dots, policy dots, regulatory dots, lessons-learned dots, information dots, process and capability dots. etc.).  Connecting all the right dots critical because strong evidence from business studies revealed these organizations had handbooks, policies, incident reporting, annual/general training, threat assessment teams, but they failed to prevent preventable incidents because their organization was not equipped to connect all the right dots and their people were not equipped to do the right things and not equipped to do all the things their policies, obligations, and regulations say they should do.


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Is the Board of Directors monitoring and evaluating management and operational performance to ensure efficient and effective progress toward objectives and compliance with operational and management parameters? Ultimately the board’s performance is reflected in the performance of the organization. However, there are shorter-term perspectives through which one can assess whether the board is effective. Because if the board is effective then so too should be management and the activities of the organization. Going a little deeper though it is the effectiveness of the Board of Directors in delegating to the senior management team and holding them accountable that supports the management team in achieving outcomes. Digital boards need to focus more on: (a) an integral and increasingly important aspect of business strategy development; (b) an integral and increasingly important aspect of ongoing business viability; and(c) business capability development. They should monitor and evaluate management and operational performance to ensure efficient and effective progress toward objectives and compliance with operational management parameters.

Good boards advise and get all those fundamentals right. They take compliance lens to ensure nothing is broken; great boards set the digital principles, accelerate business performance, and improve organizational maturity.  In a world of well-defined problems, directors are required to exercise leadership influence over volatility, manage uncertainty, simplify complexity, resolve ambiguity, and to direct the organization to the long-term prosperity.

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April 25, 2017 at 10:43AM

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from Pearl Zhu

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