Chicago's grain traders know the game they and their forefathers have played is changing for good as they watch more and more trades slip through their hands and go to electronic matching on screens.
The Australian wool market finished 1.4 percent lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 19 Aust cents (2.0 percent), ending the week at 938 Aust cents a kg.
Gold futures on the Comex division of the New York Mercantile Exchange ended 3 percent lower in heavy trading on Friday, hurt by a dollar rise, crude oil drop and an upbeat US stock market.
US copper futures at the New York Mercantile Exchange's Comex division ended down but away from 2-1/2-week lows on Friday as a rebound in the energy markets slowed the metal's sell-off, traders and analysts said. Active May copper closed down 2.40 cents a
Raw sugar futures ended lower on Friday on investment fund profit-taking and losses in other markets, with spillover sales seen pressuring the sweetener into next week, brokers said. "Most of it is profit-taking after all the gains of this week. You also
Japan, China and South Korea plan to launch a trilateral annual summit in a bid to jointly take the lead over regional disputes, a daily said Saturday. Japanese Prime Minister Yasuo Fukuda will agree on the plan when he separately meets South Korean Presi
The prime minister of Iraq's Kurdistan region said on Saturday he had made good progress with Iraqi government officials on a draft oil law that has been delayed by disputes between Baghdad and the Kurdish north. Iraq has the world's third-largest oil res
A severe tropical storm lashed southern China on Saturday bringing gale-force winds, as authorities reported the rescue of 38 fishermen who sheltered in reefs as the typhoon approached, state media said.
A Chinese ship carrying arms to Zimbabwe which was turned away from South Africa is heading to Angola in hopes of docking there, the transport minister of Mozambique said on Saturday. The ship left South African waters on Friday after a court refused to a
East Timor's Deputy Prime Minister Jose-Luis Guterres thanked Indonesia Saturday for arresting three soldiers allegedly involved in an assassination attempt on the country's top leaders. "We have to thank the Indonesian government for their contribution t
Nepal's unpopular king should be allowed to leave his palace with dignity and live as a common citizen, Maoist party chiefs said after a strong showing in elections expected to lead to the abolition of the monarchy. Maoist chief Prachanda said he would be
The last commander of the 1943 Warsaw ghetto uprising, Marek Edelman, on Saturday honoured the memory of his comrades who died fighting Nazi Germany in the doomed Jewish stand against the Holocaust.
A bipartisan group of US senators has called for Iraq to pay more for its own security and reconstruction, and for Washington to end what they said amounts to a "blank check policy" for Baghdad.
The Afghan government plans to investigate whether the United States used depleted uranium during its invasion of Afghanistan in 2001 and if it might be linked to malformed babies born afterwards.
Burundi's army battled rebels for a third day running on Saturday, in clashes that have killed 20 fighters and six soldiers, a military spokesman said.
China's state media have called on the Chinese people to express their patriotism by working for a successful Olympics, in a signal the government wants days of anti-foreign sentiment to stop. "The best form of patriotism is to do your own business well,"
A strong aftershock struck off East Timor on Saturday just hours after a 6.4-magnitude quake in the same location, Indonesia's Meteorology and Geophysics Agency said. The 6.2 magnitude aftershock struck at 7:21 pm (1021 GMT) and was centred about 81 kilom
Spot basis bids for soyabeans and corn were steady to firm on Friday as grain dealers tried to generate a round of farmer selling.Country movement was slow on Friday. Most farmers were focused on getting into the fields to begin planting tasks.
US Plains hard red winter wheat basis values held steady Friday with weather and crop development top of mind with producers and end users alike.Mills continued to work to keep pipelines filled as the new winter wheat crop advanced slowly. The crop is an
The Karachi Port handled 102,259 tonnes cargo including 47,208 tonnes import, 55,051 tonnes export cargo and 3,923 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
US corn futures closed lower on Friday amid a bout of profit-taking and on spillover from a drop in gold as the dollar gained, traders said. Traders said profit-taking after Thursday's rally to a record high in the July 2009 contract hit prices, but slow
US wheat futures plunged on Friday, tumbling nearly 5 percent on the Chicago Board of Trade as weak chart signals and a bounce in the US dollar prompted speculative selling, traders said.Diminished concerns about a freeze threat in the US Plains winter wh
Sluggish trading was seen on the grain market on Saturday as most of the buyers were on the sidelines due to continued rise in the commodity prices, dealers said. On the cereals side, masoor Ethopiya low type gained Rs 200 to Rs 6,000 and better type rose
Dullness prevailed on the cotton market on Saturday as both mills and ginners were on the sidelines in the absence of motivating factor, brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3,300. Phutti prices in both
Higher trend was seen on the forward cottonseed oilcake market on Saturday as most of the buyers were least interested in the fresh deals partly because of bullish trend in the rates, dealers said.
US FOB Gulf corn basis offers were mostly higher on Friday amid rising values in the barge market, while soyabeans were steady-higher, traders said. Traders said May shipment corn traded at 42 cents over the CBOT May in the CIF barge market. It was bid 39
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
The rupee hit the new lows versus dollar after crossing the barrier of 64 in the interbank market on Saturday amid rush buying of dollars by the importers, money experts said. The market speculators anticipated it following the sharp rise in the dollar de
The rupee hit the new lows versus dollar after crossing the barrier of 64 in the interbank market on Saturday amid rush buying of dollars by the importers, money experts said. The market speculators anticipated it following the sharp rise in the dollar de
Increased aid for agriculture and the abolition of rich-nation subsidies are key to finding a long-term solution to rising world food prices, the head of the UN Conference on Trade and Development said on Saturday.
Increased aid for agriculture and the abolition of rich-nation subsidies are key to finding a long-term solution to rising world food prices, the head of the UN Conference on Trade and Development said on Saturday.
French port workers dug in Saturday as unions extended strike action at the country's biggest cargo terminals in Marseille, Le Havre, Nantes and Rouen into next week.
The inflation, measured through Sensitive Price Index (SPI) surged by 22.71 percent in the week ended on April 17 over the same period of last year owing to wild increase in the prices of essential commodities.
The inflation, measured through Sensitive Price Index (SPI) surged by 22.71 percent in the week ended on April 17 over the same period of last year owing to wild increase in the prices of essential commodities.
The Federal Board of Revenue (FBR) has directed every person engaged in processing of un-manufactured tobacco for cigarette making to maintain tax record and file return to help control excise duty evasion in the cigarette industry.
The Federal Board of Revenue (FBR) has directed every person engaged in processing of un-manufactured tobacco for cigarette making to maintain tax record and file return to help control excise duty evasion in the cigarette industry.
The Federal Board of Revenue (FBR) has directed every person engaged in processing of un-manufactured tobacco for cigarette making to maintain tax record and file return to help control excise duty evasion in the cigarette industry.
The Pakistan People's Party (PPP)-led government will review all policies and issues related to the field of ports and shipping. This was stated by Naveed Qamar, Federal Minister for Ports and Shipping, Industries, Production and Privatisation, during his
The Pakistan People's Party (PPP)-led government will review all policies and issues related to the field of ports and shipping. This was stated by Naveed Qamar, Federal Minister for Ports and Shipping, Industries, Production and Privatisation, during his
The Pakistan People''s Party (PPP)-led government will review all policies and issues related to the field of ports and shipping. This was stated by Naveed Qamar, Federal Minister for Ports and Shipping, Industries, Production and Privatisation, during hi
The Economic Co-ordination Committee (ECC) of the Cabinet has given key role to the Finance Ministry to revisit subsidies on essential items, sources told Business Recorder here on Saturday. The ECC meeting on April 8 noted that position papers on
The Economic Co-ordination Committee (ECC) of the Cabinet has given key role to the Finance Ministry to revisit subsidies on essential items, sources told Business Recorder here on Saturday. The ECC meeting on April 8 noted that position papers on
The Economic Co-ordination Committee (ECC) of the Cabinet has given key role to the Finance Ministry to revisit subsidies on essential items, sources told Business Recorder here on Saturday. The ECC meeting on April 8 noted that position papers on
Finance Minister Ishaq Dar on Saturday said Pakistan would work with brotherly Islamic countries to increase economic co-operation to promote trade and investment. He said this during separate meetings with ambassadors of Qatar, Jordan, and Muscat, who ca
Finance Minister Ishaq Dar on Saturday said Pakistan would work with brotherly Islamic countries to increase economic co-operation to promote trade and investment. He said this during separate meetings with ambassadors of Qatar, Jordan, and Muscat, who ca
Finance Minister Ishaq Dar on Saturday said Pakistan would work with brotherly Islamic countries to increase economic co-operation to promote trade and investment. He said this during separate meetings with ambassadors of Qatar, Jordan, and Muscat, who ca
Co-chairman Pakistan People's Party Asif Ali Zardari has announced that he will be taking part in the coming by-elections and that he can become a prime minister if need be. In his interview to a British news channel, Zardari said he and his sister Faryal
Co-chairman Pakistan People's Party Asif Ali Zardari has announced that he will be taking part in the coming by-elections and that he can become a prime minister if need be. In his interview to a British news channel, Zardari said he and his sister Faryal
Afghan troops detained more than 60 Pakistanis in Afghanistan's southern Kandahar province, a press release of the Afghan defence ministry said here on Saturday. "Personnel of Afghanistan National Army (ANA) arrested 68 Pakistanis, all of them unarmed fro
Cotton imports for August-March (2007-08) period amount to 3.5 million bales, which cost Rs 55 billion, while in the corresponding period of last year total imports had come to 1.9 million bales at a cost Rs 27 billion, it is learnt.
Cotton imports for August-March (2007-08) period amount to 3.5 million bales, which cost Rs 55 billion, while in the corresponding period of last year total imports had come to 1.9 million bales at a cost Rs 27 billion, it is learnt.
Cotton imports for August-March (2007-08) period amount to 3.5 million bales, which cost Rs 55 billion, while in the corresponding period of last year total imports had come to 1.9 million bales at a cost Rs 27 billion, it is learnt.
Even at 115 dollars a barrel, oil is priced too low, Iranian President Mahmoud Ahmadinejad said in comments published on Saturday adding that the commodity "should find its real value".
Even at 115 dollars a barrel, oil is priced too low, Iranian President Mahmoud Ahmadinejad said in comments published on Saturday adding that the commodity "should find its real value".
Even at 115 dollars a barrel, oil is priced too low, Iranian President Mahmoud Ahmadinejad said in comments published on Saturday adding that the commodity "should find its real value".
A body set up to rid the world of chemical weapons agreed on Saturday a new global deadline of 2012, after admitting that Albania is the only country to have completely destroyed its stock.
A body set up to rid the world of chemical weapons agreed on Saturday a new global deadline of 2012, after admitting that Albania is the only country to have completely destroyed its stock.
Pakistan International Airlines (PIA) has increase the fuel surcharge owing to the soaring prices of the oil in international market, after which the PIA fares have also gone up.
Italian bank Intesa Sanpaolo denied a newspaper report on Saturday that it was part of a consortium ready to bid for airline Alitalia. Il Messaggero daily reported that Intesa was the leading bank in a consortium which comprised 40 percent banks, 20 perce
Alliance Data Systems Corp said on Friday it terminated a $6.76 billion sale to Blackstone Group LP affiliates and has sued to win a $170 million business interruption payment. The failed deal is the latest leveraged buyout to buckle amid the global credi
European aircraft maker Airbus and its parent EADS are sticking to their plans to sell Airbus sites in Nordenham and Varel and an EADS site in Augsburg. "The goal to sell the factories has not changed," an Airbus spokeswoman said on Saturday.
Pakistan International Airlines (PIA) has increase the fuel surcharge owing to the soaring prices of the oil in international market, after which the PIA fares have also gone up.
Afghan troops detained more than 60 Pakistanis in Afghanistan's southern Kandahar province, a press release of the Afghan defence ministry said here on Saturday. "Personnel of Afghanistan National Army (ANA) arrested 68 Pakistanis, all of them unarmed fro