ICE Canadian canola futures jumped 1.8 percent on Wednesday, their biggest daily gain in two months as grains surged on fears of weather disruption to crops. Corn, wheat spiked on harsh US and European weather, spilling over support to canola. Support als
Rice and wheat prices were higher on the wholesale grain market on Thursday in process of modest trading, dealers said. On the rice sector Irri-6 Sindh low type picked up Rs 25 to Rs 3525 while best quality was higher by Rs 50 to Rs 3600, other types main
Russian grain stocks stood at 23.5 million tonnes by May 1, down 18.8 percent year-on-year, according to preliminary data from official state statistics service Rosstat, obtained by Reuters on Thursday. The difference narrowed from April 1, when the stock
Spot basis bids for corn and soyabeans were steady to firm in most of the US Midwest interior on Wednesday as CBOT corn futures jumped a little more than 4 percent and soyabean futures more than 2 percent spurring some new crop sales, dealers said.
The Karachi Port handled 104,450 tonnes of cargo including 64,138 tonnes of import cargo, 40,312 tonnes of export cargo and 2,540 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 64,138 tonnes compr
The May vaida was higher on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The May vaida that had closed at Rs 1333.70 commenced with a gain of 80 paisa at Rs 1334.50 owing to short supply. The July vaida started wi
Trading activity improved on the cotton market on Thursday as the ginners preferred to sell low quality stuff but hesitant in making deals for fine variety in expectations of rise in the prices, brokers said. The Karachi Cotton Association (KCA) official
Traders said in Karachi that New York cotton futures (ICE) prices gained nearly 14 to 15 cents per pound since the beginning of this week, but then conceded about three cents per pound in the evening. Last recording on Thursday evening Pakistan time showe
Traders said in Karachi that New York cotton futures (ICE) prices gained nearly 14 to 15 cents per pound since the beginning of this week, but then conceded about three cents per pound in the evening. Last recording on Thursday evening Pakistan time showe
Eurozone governments are considering a plan to prevent a Greek default under which private investors would be asked to maintain their exposure to its debt and Athens would receive a new package of EU/IMF aid, eurozone sources said.
The OECD said on Thursday that increased global capital flows are positive and that the risks involved can be managed by prudent regulation and without the use of capital controls. The OECD, which groups the world's most advanced economies, in a report en
China said Thursday it would expand export quotas for rare earths to include iron alloys containing the elements, further tightening shipments of the minerals used in a variety of high-tech industries. From Friday, iron alloys containing more than 10 perc
Weak data on US home sales and factory activity on Thursday showed the economy stuck in a slow-growth gear, although a drop in claims for jobless aid offered hope the labour market's recovery was on track. The reports suggested growth was being hampered b
Air France-KLM returned to net profit last year, helped by a large exceptional gain which covered another loss, allowing it to expect better earnings ahead. The giant airline said it had a net profit of 613 million euros ($870 million) for its year to Mar
Air France-KLM returned to net profit last year, helped by a large exceptional gain which covered another loss, allowing it to expect better earnings ahead. The giant airline said it had a net profit of 613 million euros ($870 million) for its year to Mar
Commodities trader Glencore made a steady market debut on Thursday, with shares trading just above the widely expected launch price of 530 pence, giving it solid currency for potential acquisitions. Initial grey market, or conditional, trade showed the sh
The West's energy watchdog urged oil producers to boost supply to protect economic recovery, just weeks before an Opec meeting which analysts say looks increasingly unlikely to increase production.
British retail sales surged last month on the back of the royal wedding, sunny weather and a late Easter but analysts warned of only a temporary boost amid weak consumer sentiment and flat economic growth. April retail sales jumped 1.1 percent compared wi
Japan's economy shrank much more than expected in the first quarter and slipped into recession after the triple blow of the March earthquake, tsunami and nuclear crisis hit business and consumer spending and tore apart supply chains. The Bank of Japan (Bo
India's central bank chief said New Delhi will have a hard time hitting its fiscal deficit target this year unless it makes adjustments to account for the rise in fuel and fertiliser prices, sparking market concern the government will need to step up borr
Belarus's troubled rouble slid to record lows on Thursday ahead of a visit by Russian Prime Minister Vladimir Putin which could toss the ex-Soviet republic a credit lifeline to haul it out of financial crisis. The national currency continued a downward sp
The global economic recovery is accelerating but remains vulnerable to setbacks, IMF acting Managing Director John Lipsky said on Thursday, as he urged continued international support for shaky economies in Europe. "The global recovery is gaining strength
Indian shares rose 0.4 percent on Thursday, with engineering and construction conglomerate Larsen & Toubro (L&T) leading the gains after strong earnings. Expectations for another rate increase in June have gathered momentum after state-run refiners raised
Seoul shares gave up earlier gains and ended down nearly 2 percent on Thursday, as foreign investor selling continued for a sixth session and falls in automakers and banks like Hyundai Motor and KB Financial Group weighed. Analysts said short-term, specul
The Nikkei average slipped on Thursday as Tokyo Electric tumbled, dragging down other utilities after the government's chief spokesman said its shareholders will be asked to help support the company as it compensates victims of a prolonged nuclear crisis.
US stocks briefly pared gains on Thursday after data showed factory activity in the US Mid-Atlantic region grew much more slowly than expected in May. The Dow Jones industrial average was up 41.21 points, or 0.33 percent, at 12,601.39. The Standard & Poor
LinkedIn Corp's shares more than doubled to $103.00 in their public trading debut on Thursday, a jump reminiscent of the heyday of investors' love affair with Internet stocks in the late 1990s. The shares soared 128 percent, or $58.64, to $103.90 in late
LinkedIn Corp's shares more than doubled to $103.00 in their public trading debut on Thursday, a jump reminiscent of the heyday of investors' love affair with Internet stocks in the late 1990s. The shares soared 128 percent, or $58.64, to $103.90 in late
Wall Street snapped its three-day losing streak on Wednesday thanks to a rebound in commodity prices and Dell's strong earnings, but investors say stocks still face headwinds. Wednesday's bounce gave some respite to selling that has driven the S&P 500 dow
Major Southeast Asian stock markets edged higher on Thursday as a surge in global oil prices revived demand for shares in energy and related sectors, and Singapore outperformed after a raised GDP forecast triggered a broad market rally. Trading volumes we
Taiwan stocks erased early gains and ended 0.58 percent lower on Thursday, with airlines and shipping companies among the top losers as oil rose for a second session on an unexpected drop in crude inventories in the US. The main TAIEX index fell 51.96 poi
US Treasuries prices fell on Wednesday as investors took profits from a rally that had pushed yields to the lowest since December and bought riskier assets like stocks and commodities instead. Global stocks rose after five straight days of losses and US c
US Treasuries prices fell on Wednesday as investors took profits from a rally that had pushed yields to the lowest since December and bought riskier assets like stocks and commodities instead. Global stocks rose after five straight days of losses and US c
Hong Kong shares edged higher on Thursday, finding support at the 200-day moving average and helped by property developers and energy counters, while the Shanghai market eased as low volumes pointed to low conviction among investors. Hong Kong's Hang Seng
European shares rose in a broad market rally on Thursday but ended off their highs after mixed US economic data, and some strategists said equities might be stuck in a range until the macro picture improves. The FTSEurofirst 300 index of top European shar
Energy and banking stocks propelled Britain's FTSE 100 higher on Thursday as commodities trading giant Glencore made its London Stock Exchange debut. As the London market closed, Glencore's shares on the grey market were trading around the widely expected
The yuan closed up against the dollar for a second day on Thursday after the People's Bank of China set a firmer mid-point, reinforcing expectations the central bank will stick to a policy of yuan appreciation, albeit gradually. Spot yuan close at 6.5039
Sterling rose against the euro and the dollar on Thursday after UK retail sales data beat expectations, but gave up most of those gains as some investors took the opportunity to sell into the bounce. Analysts and traders said the retail sales data did not
The euro edged up in early Thursday trade in Asia, extending its recovery from a seven-week low as commodity prices steadied after weeks of falls, though it is still seen vulnerable due to uncertainty over the Greek debt crisis. The dollar rose to a three
The euro dipped against the dollar on Thursday on uncertainty about the implications of a possible Greek debt restructuring, with traders saying policymaker opposition might lead to further declines. Traders pointed to a report that quoted European Centra
The dollar slid on Thursday, hurt by a round of weak data suggesting the US economic recovery could be stalling, although Greece's uncertain debt situation should limit the greenback's losses against the euro. A slowdown in manufacturing growth in the US
The euro traded little changed against the dollar on Wednesday, but remains vulnerable to losses given Greece's debt situation and raised expectations that a US Federal Reserve rate hike may come sooner than expected. US central bank policymakers discusse
A threat by the ECB to stop accepting Greek bonds as collateral if Greece restructures its debt could see tensions flare in eurozone money markets, but a move to levels hit at the peak of the crisis is seen unlikely. European Central Bank Executive Board
The Indian rupee inched up in choppy trade on Thursday, tracking the euro's moves against the dollar and supported by positive local shares, but importers' demand for the greenback capped major gains. The partially convertible rupee ended at 44.97/98 per
Asian currencies rose broadly against the dollar on Thursday after a rise in global equities pointed to an easing in risk reduction by investors, with the Malaysian ringgit rebounding further following a steep drop earlier this month. The Singapore dollar
The Swiss franc was little moved against the euro on Thursday as improving risk appetite, flagged by overnight gains on Wall Street and a solid open on European bourses, was held in check by persisting Greek debt concerns. Even so analysts said a lack of
Fernando Alonso said he felt privileged to be a Ferrari driver after extending his contract with the Italian team ahead of this Sunday's Spanish Grand Prix. The double world champion, who almost won the drivers' title in his first season with the Maranell
Porto deservedly beat Braga 1-0 to win the Europa League after a superb header by Colombian striker Falcao decided the first all-Portuguese final of a European competition on Wednesday. Falcao swooped for his 17th goal of the competition just before halft
The ringleaders of the gang on trial in the Europe-wide football betting scandal have been handed jail sentences of five-and-a-half years after the court in Bochum gave their verdict on Thursday. The pair - Ante Sapina and his main accomplice known as Mar
The head of security for football's ruling body FIFA said Thursday "several" Malaysians and a Singaporean living here were involved in match-fixing but cleared the national body. Chris Eaton said his team was investigating match-fixing scandals in Germany
Kamran Public School, Ebrahim Alibhai Government Boys' Secondary School, Khan School and Fahad Academy School have moved into the semi-finals of the First State Bank of Pakistan Inter School T20 Cricket Tournament. Kamran Public School will meet Ebrahim A
Pakistan is examining the possibility of hosting its home cricket series against England in Sri Lanka early next year because of security concerns. A senior Pakistan Cricket Board (PCB) official told Reuters on Thursday that they was looking at Sri Lanka,
Australia's retiring spin legend Shane Warne on Thursday slammed the hefty fine handed to him during the IPL for a public spat with an official, saying he was paying the price for "telling the truth". Warne, captain of Rajasthan Royals in the Indian Premi
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Pakistan Cricket Board Chief Ijaz Butt sought assurances on security from country's interior ministry on Thursday as it intensifies efforts to revive international cricket in the troubled country. National sides have not toured Pakistan since March 2009 w
Pakistan Cricket Board (PCB) Chief Ijaz Butt appointed Misbah-ul-Haq on Thursday to replace Shahid Afridi as One-day captain for a two-match series against Ireland this month. Butt said Afridi will play as an ordinary member of the team despite leading Pa
South Africa's main opposition made gains on Thursday in early results from key local government polls which could indicate growing frustration with the ruling ANC almost 20 years after apartheid ended. Final audited results for the election, held on Wedn
Israeli troops on Thursday worked to upgrade security along the cease-fire line with Syria in the Golan Heights, after dozens of Palestinian protesters poured across it on Sunday. Military sources, who spoke on condition of anonymity, said old mines, some
Russian Interior Ministry troops were fed dog food earlier this year to save money, a former officer in the ministry said on Thursday. A rare whistleblower in Russia's expansive security forces, ex-Major Igor Matveyev said officers tried to cover up the s
The US military would consider sending officers and cadets to China on study exchange programs if relations between the two countries improve, the commander of the US Pacific Fleet said Thursday. Washington is seeking to improve its relationship with the
US President Barack Obama said on Thursday it was inevitable Libyan leader Muammar Qadhafi would have to leave power and only then could a democratic transition in the North African state proceed. Obama was speaking as part of a major address in Washingto
A spate of bomb attacks against police in the disputed northern oil-rich city of Kirkuk on Thursday killed at least 27 people, the worst violence to hit Iraq in nearly two months. A further 89 people were wounded in the three attacks, with just months to
India's most powerful politician, Sonia Gandhi, on Thursday promised legislation in parliament soon to reform land acquisition rules after deadly clashes near the national capital. "We will soon bring a bill in parliament on land acquisition," the ruling
Garret FitzGerald, Ireland's most popular elder statesman who twice served as prime minister and played a crucial role in paving the way for peace in Northern Ireland, has died at the age of 85, his family said on Thursday. Known universally as Garret and
The Cannes film festival expelled Danish director Lars Von Trier on Thursday for jokingly calling himself a Nazi and Hitler sympathiser, leaving the world's biggest cinema showcase in a state of shock. His comments angered Jewish groups and caused US actr
A new report says American troops in Afghanistan are suffering with the highest rates of mental health problems since 2005 and that morale has plummeted. The report, released Thursday, furnished the first detailed glimpse of the psychological cost of a ca
An Afghan prisoner has died at the Guantanamo detention centre in an apparent suicide, the US military said on Wednesday. The prisoner, identified as Inayatullah, a 37-year-old Afghan accused of being a member of al Qaeda, died early on Wednesday, the US
Iranian President Mahmoud Ahmadinejad on Thursday accused Western countries of devising plans to "cause drought" in the Islamic republic, as he inaugurated a dam in a central province. "Western countries have designed plans to cause drought in certain are
The European Union on Thursday agreed to sanction more than 100 Iranian companies, sharply expanding the number of firms hit by an assets freeze over Iran's disputed nuclear programme. Diplomats said the "significant expansion" in EU sanctions was expecte
The International Atomic Energy Agency is investigating whether Iran hacked into its inspectors' computers and telephones, according to reports heard by senior Western diplomats. If confirmed, it would further strain relations between the Vienna-based UN
After a thorough probe, the Federal Investigation Agency (FIA) has come to the conclusion that Makhdoom Amin Fahim, federal minister for commerce along with his son and wife are beneficiaries of embezzled money in National Insurance Company Limited (NICL)
US cotton futures settled sharply lower Thursday on investor profit-taking as the market seemingly took a breather after its recent advance, with players mulling the next move in cotton before the weekend. The key July cotton contract on ICE Futures US dr
Copper closed sharply higher on Wednesday, posting its biggest one-day advance in two months, as commodity markets stabilised from recent losses and presented investors with truer valuations. In New York, the July COMEX contract jumped 10.65 cents, or 2.7
Shanghai copper futures jumped more than 1 percent on Thursday, chasing a more than 3 percent gain on the London Metal Exchange on Wednesday in a commodity-wide rebound after steep losses over the past two weeks.
Copper fell on Thursday following a round of weak data suggesting US economic recovery could be stalling, a day after the base metal's biggest gain in two months. Three-month copper on the London Metal Exchange ended at $8,950 a tonne from a close of $9,0
Oil prices fell more than $1 on Thursday as weak US economic data stoked worries about demand, and the International Energy Agency suggested members could release emergency stocks if Opec failed to act. The pull-back coincided with a broad decline across
Malaysian palm oil futures hit more than three-week highs on Thursday as traders bet on strong overseas demand on the back of firm commodity markets. "Rumours saying that palm oil exports during May 1-20 could hit 780,000 to 800,000 tonnes, that's very hi
Sugar jumped 4 percent on Wednesday as it rode the coattails of a commodities rebound, while dealers eyed the mounting queue of ships off the coast of top exporter Brazil. Coffee and cocoa also gained in the commodity-wide rally.
Liffe August white sugar closes $14.50 lower at $618.50 a tonne on Thursday, weighed by a bearish supply outlook with analysts projecting a significant global surplus in 2011/12. Liffe July robusta coffee ended $18 higher at $2,549 a tonne with the discou
Gold rose and silver surged 3 percent on Wednesday, as rallying grain and crude oil prices and lingering worries about a European debt crisis lifted precious metals in a commodity rally.
Silver and gold steadied on Thursday, as a softer dollar and rising oil prices continued to support sentiment a day after commodities notched up their biggest gain in two months. Spot gold was little changed at $1,494.86 an ounce by 0617 GMT, below the 30
Gold fell on Thursday as the euro edged up against the dollar and oil prices firmed, but prices were still set for a daily decline as investors took their cue from currency markets. Spot gold was bid at $1,492.09 an ounce at 1433 GMT, against $1,496.30 la
Raw sugar futures buckled to close down 4.5 percent on Thursday, on long liquidation and pressure from expectations for abundant supplies. Arabica coffee finished at a 6-1/2-week low while US cocoa was down slightly in quiet volume. The key July raw sugar
Raw sugar futures buckled to close down 4.5 percent on Thursday, on long liquidation and pressure from expectations for abundant supplies. Arabica coffee finished at a 6-1/2-week low while US cocoa was down slightly in quiet volume. The key July raw sugar
S wheat futures sagged on Thursday amid a wave of profit-taking after surging to a three-month high early in the session. Wheat prices had rallied 20 percent during three straight days of gains this week on crop weather troubles in the United States and E
Copper ended lower on Thursday, unable to build on the previous session's sharp rally, as investors sided with caution after another round of weak data suggested the US economic recovery could be stalling.
Gold and silver fell on Thursday, as weak US housing and manufacturing data and uncertainty about the end of the Federal Reserve's bond-buying program dragged down commodities across the board. Spot gold dropped 0.5 percent to $1,488.09 an ounce by 11:56
The Chancellor Sir Syed University of Engineering and Technology, Z.A. Nizami has said that Technical education provides a boost to economic advancement and plays a significant role in the national human resource development creating skilled manpower, enh
Asian Development Bank's inspection team has stressed upon irrigation officials for resettlement of thousands of displaced families currently settled near Indus and non-Indus dykes before heavy floods, sources privy to irrigation department told Business
Structured around the theme 'Cloud Computing: A New Era for Customs and Trade', the 2011 WCO IT Conference and Exhibition opened in Seattle, United States with around 600 experts from Customs and the private sector coming together to explore an issue that
"KESC does not have any malicious intent to bother its customers. We are a regulated body with a prime focus on serving citizens of Karachi. We have an over 2.2 million customer base. It is possible to have some occasional error specific to any particular
The management of Karachi Electric Supply Company Ltd (KESC), which claims to provide so-called relief to consumers, appears to be engaged in 'dual billing' to power-starved Karachiites. The ground reality is different to what KESC claims with regard to a
President, Supreme Court Bar Association (SCBA), Asma Jehangir stressed the need to reform bar councils and associations. Addressing members of the Sindh High Court Bar Association and Sukkur District Bar Association here on Thursday, she said that amendm
The Karachi Branch Council (KBC) of ICMAP has always been active in personal and professional development of students and members by organising various relevant programmes of utmost importance from time to time.
As part of its long-term commitment towards flood victims, Engro Polymer and Chemicals Ltd (EPCL) continues to instill a new sense of hope among people whose lives were completely devastated last year by the most catastrophic flood disaster in the history