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Nov 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-07-24
CBOT September wheat to be neutral

CBOT September wheat to be neutral

CBOT September wheat will be neutral so long as it remains in a range of $6.56-1/2 to $6.71-1/2 per bushel. The range has been formed by the July 18 low of $6.56-1/2 and the 38.2 percent Fibonacci retrenchment on the fall from the July 11 high of $6.93 to
Published 24 Jul, 2013 12:00am
US Midwest soyabean bids plunge

US Midwest soyabean bids plunge

Soyabean spot basis bids plunged at US Midwest processors and river terminals on Monday as futures jumped the most in nearly two months, spurring increased sales from farmers and commercial elevators, dealers said. The soya basis declined as much as 53 ce
Published 24 Jul, 2013 12:00am
Vietnamese coffee premiums fall

Vietnamese coffee premiums fall

Premiums of Vietnamese coffee to London futures prices narrowed on Tuesday and farmers who had tightened supply were more willing to sell beans as global robusta prices strengthened, traders said. Premiums for robusta grade 2, 5 percent black and broken f
Published 24 Jul, 2013 12:00am
Indian coffee output seen up

Indian coffee output seen up

Coffee production in India may rise 9 percent to 347,000 tonnes in the year starting October 2013 due to timely rainfall in southern states of Karnataka and Kerala, the major producers, the state-run Coffee Board said on Monday. Production in southern Kar
Published 24 Jul, 2013 12:00am
HRW wheat premiums jump on strong demand

HRW wheat premiums jump on strong demand

Hard red winter wheat export premiums at the US Gulf Coast jumped on Monday as livestock producers competed with importers for supplies, traders said. Cattle producers in the southern Plains were buying wheat as a replacement for corn that is hard to find
Published 24 Jul, 2013 12:00am
Low Argentine soyabean exports could move demand to US: Oil World

Low Argentine soyabean exports could move demand to US: Oil World

Low Argentine soyabean exports this season are likely to lead to strong demand for US soyabean exports and create tight supply, oilseeds analysts Oil World said on Tuesday. Soyabean importers globally are hoping that a large US soyabean crop this year wil
Published 24 Jul, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 113,988 tonnes of cargo comprising 64,917 tonnes of import cargo and 49,071 tonnes of export cargo including 5,084 loaded and empty containers during the last 24 hours ended at 0700 hours on Tuesday.
Published 24 Jul, 2013 12:00am
Oil cake market rates

Oil cake market rates

Both deliveries appreciated on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The July vaida closed at Rs 998.50 and it opened with a gain of 30 paisa at Rs 998.80 in the morning, they said. The December contrac
Published 24 Jul, 2013 12:00am
Falling rates lift volume of daily-intake on cotton market

Falling rates lift volume of daily-intake on cotton market

Mills and spinners made massive buying on the cotton market on Tuesday as ginners adopted flexible attitude towards prices, dealers said. The official spot rate was down by Rs 50 to Rs 6,550, they said. In the ready business, around 10,000 bales of cotton
Published 24 Jul, 2013 12:00am
Lean business on grain market

Lean business on grain market

A few changes were seen on the wholesale grain market on Tuesday most of the buyers preferred to be on the sidelines due to higher prices, dealers said. On the seeds side, cottonseeds oilcake with bag Sindh (new) low type rose by Rs 100 to Rs 1100-1200 wh
Published 24 Jul, 2013 12:00am
Government needs to deliver on fiscal reform: BoJ Sato

Government needs to deliver on fiscal reform: BoJ Sato

Japan's government must push through reforms to restore the country's tattered finances to help ensure a sustained economic recovery, a central bank board member said on Monday, adding a planned sales tax hike was needed to control huge public debt. Takeh
Published 24 Jul, 2013 12:00am
Philippines' Aquino seeks lawmakers' support on reforms

Philippines' Aquino seeks lawmakers' support on reforms

Philippine President Benigno Aquino asked Congress on Monday to back his efforts for economic and social services reform to secure more inclusive growth, as Asia's fastest-growing nation fights to keep up its momentum amid global uncertainties. Aquino, fr
Published 24 Jul, 2013 12:00am
Guinea's economy pays price of political unrest

Guinea's economy pays price of political unrest

Months of political deadlock and street battles have clipped the wings of Guinea's economy, now expected to grow just 2.9 percent rather than 4.5 percent this year, a government official said on Monday. The west African state has attracted billions of dol
Published 24 Jul, 2013 12:00am
Brazil current account narrows in June, FDI rises

Brazil current account narrows in June, FDI rises

Brazil's current account deficit narrowed in June from a year ago, central bank data showed on Tuesday, although the Latin American giant may still be unable to cover that gap this year with direct investment from abroad. The country posted a current acco
Published 24 Jul, 2013 12:00am
Sierra Leone seeks $3.5 billion investment to overhaul power sector

Sierra Leone seeks $3.5 billion investment to overhaul power sector

Sierra Leone is seeking $3.5 billion of investment from the private sector to overhaul its creaking electricity industry with the aim of increasing output 10-fold by 2017, Deputy Energy Minister Martin Bash-Kamara told Reuters. Sierra Leone, struggling to
Published 24 Jul, 2013 12:00am
Busy global oilfields shield Halliburton from US gas glut

Busy global oilfields shield Halliburton from US gas glut

Halliburton Co on Monday delivered a higher-than-expected quarterly profit as it found greater success outside its natural gas-engorged home market in the United States. The world's second-largest oilfield services company also said it boosted its share r
Published 24 Jul, 2013 12:00am
Dubai's Drake & Scull hits record high, UAE markets rise

Dubai's Drake & Scull hits record high, UAE markets rise

Shares in Dubai construction firm Drake & Scull surged to an all-time high on speculation that the firm might become a take-over target, while earnings optimism lifted United Arab Emirates markets in general on Tuesday. Other Gulf bourses were flat to hig
Published 24 Jul, 2013 12:00am
Tokyo stocks rise

Tokyo stocks rise

Japanese shares ended 0.82 percent higher on Tuesday, with sentiment lifted by Tokyo's upgrade of the economy in which it used the world "recovery" for the first time in almost a year. The benchmark Nikkei 225 index rose 120.47 points to 14,778.51, revers
Published 24 Jul, 2013 12:00am
Tuesday's midday trade: S&P hits intraday record high

Tuesday's midday trade: S&P hits intraday record high

The S&P 500 hit an intraday record high on Tuesday before slipping in a tight-range session, while the Dow industrials got a lift from upbeat earnings. The S&P biotech subindex fell 1.6 percent a day after hitting an all-time high. The S&P healthcare inde
Published 24 Jul, 2013 12:00am
S&P scores third consecutive record high

S&P scores third consecutive record high

The S&P 500 notched a third consecutive record closing high on Monday and major indexes rose, though disappointing McDonald's earnings kept the Dow from making significant gains. Banks and health shares were the day's best performers, with financials adva
Published 24 Jul, 2013 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose 1.1 percent on Tuesday, beating most regional bourses, as investors snapped up recently beaten-down shares such as smartphone maker HTC and TSMC. HTC and TSMC both jumped more than 3 percent, boosting the electronics sub-index by 1.8 pe
Published 24 Jul, 2013 12:00am
Treasuries steady

Treasuries steady

US Treasuries were steady on Monday ahead of this week's sales of $99 billion in new intermediate-dated debt, with little fresh data on tap to give clues over the timing of when the Federal Reserve is likely to pare back its bond-purchase program. Treasur
Published 24 Jul, 2013 12:00am
Treasuries steady

Treasuries steady

US Treasuries were steady on Monday ahead of this week's sales of $99 billion in new intermediate-dated debt, with little fresh data on tap to give clues over the timing of when the Federal Reserve is likely to pare back its bond-purchase program. Treasur
Published 24 Jul, 2013 12:00am
Australian shares soar

Australian shares soar

Australian shares rose 0.3 percent on Tuesday, buoyed by financial and mining stocks riding on healthy Chinese demand, though gains were restricted by investors' caution ahead of the reporting season. The S&P/ASX 200 index finished the session 15.2 points
Published 24 Jul, 2013 12:00am
India's BSE index closes at 2-1/2-year high

India's BSE index closes at 2-1/2-year high

India's benchmark index rose nearly 1 percent on Tuesday to mark its highest close in 2-1/2 years as consumer goods shares rallied to record highs with investors shifting to defensive stocks in an uncertain economic environment. The central bank's move to
Published 24 Jul, 2013 12:00am
STMicro leads tech sector, European shares lower

STMicro leads tech sector, European shares lower

European shares fell on Tuesday as a late sell-off knocked markets off seven-week highs, with semiconductor group STMicroelectronics leading the way after weak results. The pan-European FTSEurofirst 300 index spent much of the day in positive territory, a
Published 24 Jul, 2013 12:00am
Most Southeast Asian stocks up

Most Southeast Asian stocks up

Most Southeast Asian markets gained on Tuesday, with Thailand and Indonesia outperforming the region, as optimism about China's economic growth lifted Asian markets overall. Chinese media reported that the government is looking to increase investment in r
Published 24 Jul, 2013 12:00am
Hong Kong and China shares surge

Hong Kong and China shares surge

Hong Kong shares surged 2.33 percent on Tuesday after China's premier said the country's economic growth must not slip below the "bottom line" of seven percent. The benchmark Hang Seng Index added 498.92 points to end at 21,915.42 on turnover of HK$66.44
Published 24 Jul, 2013 12:00am
FTSE stumbles at seven-week highs, miners rally

FTSE stumbles at seven-week highs, miners rally

Britain's FTSE finished off seven-week highs on Tuesday, with China's reassurance on growth lifting miners but failing to provide enough momentum for the broad index to overcome technical resistance. Basic materials, the third-biggest sector in the FTSE 1
Published 24 Jul, 2013 12:00am
Australian and New Zealand dollars outperform

Australian and New Zealand dollars outperform

The Australian and New Zealand dollars extended gains on Tuesday, buoyed by a broadly weak US counterpart and a recent rally in metals prices including copper and iron ore. The Aussie rose to $0.9266 from $0.9247 in early trade, having jumped nearly 1 per
Published 24 Jul, 2013 12:00am
Dollar edges down in Asia

Dollar edges down in Asia

The dollar edged lower in Asia on Tuesday as the slide in US Treasury yields over the past two weeks gave investors less incentive to buy the greenback, while the Australian dollar pared gains ahead of domestic inflation data. A low inflation reading on W
Published 24 Jul, 2013 12:00am
Dollar recovers in London

Dollar recovers in London

The dollar inched away from a one-month low against a basket of currencies on Tuesday but was expected to struggle on expectations US monetary policy will stay loose until the economy shows a sustained recovery. The dollar index rose 0.1 percent on the da
Published 24 Jul, 2013 12:00am
Early trade in New York: dollar trades lower versus euro

Early trade in New York: dollar trades lower versus euro

The dollar traded lower against the euro and pared gains against the yen in thin volume on Tuesday as investors adjusted positions for technical levels in the absence of any economic data to drive direction. The dollar earlier moved off a one-month low ag
Published 24 Jul, 2013 12:00am
Yen, euro rises in New York

Yen, euro rises in New York

The yen rose against the dollar for the first time in four sessions on Monday after Japanese Prime Minister Shinzo Abe won a widely expected victory in elections for parliament's upper house. Investors had already priced in Abe's victory and had sold the
Published 24 Jul, 2013 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.75-77.76 (77.75-77.76). Call Money Rates: 07.25-07.50 percent (previous 05.50-08.00 percent).
Published 24 Jul, 2013 12:00am
Swiss franc steadies

Swiss franc steadies

The Swiss franc was steady against the dollar and the euro on Tuesday, with few catalysts seen moving the franc sharply as one third of S&P 500 companies prepare to report second quarter numbers this week. The franc was little moved against the dollar com
Published 24 Jul, 2013 12:00am
US home data supports Asian currencies

US home data supports Asian currencies

Most emerging Asian currencies rose on Tuesday as soft US housing data prompted investors to cut bets for the Federal Reserve to scale back stimulus soon, while the Indonesian rupiah hit a fresh four-year low. The Thai baht hit a three-week high, boosted
Published 24 Jul, 2013 12:00am
Sterling holds near four-week high

Sterling holds near four-week high

Sterling was steady on Tuesday, trading near a four-week high against the dollar, on expectations that UK growth numbers due this week will point to a sustained recovery. The pound was also helped by a slight narrowing of spreads between 10-year US Treasu
Published 24 Jul, 2013 12:00am
Yuan nears one-month low

Yuan nears one-month low

The Chinese yuan held near one-month lows on Tuesday after the People's Bank of China fixed the daily midpoint weaker than market estimates, with some analysts suggesting the Chinese currency's strong performance this year may have run its course. The PBO
Published 24 Jul, 2013 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee closed slightly weaker on Tuesday as easing concerns about the current account deficit after the country imposed additional curbs on gold imports were offset by good corporate dollar demand. The rupee is expected to remain within a tight
Published 24 Jul, 2013 12:00am
Man kills daughter, son-in-law, five others in Okara

Man kills daughter, son-in-law, five others in Okara

A man gunned down six people including daughter, her husband and her in-laws over love marriage dispute here late on Monday night. According to details, the tragedy took place in District Dipalpur in village "Tara Singh" where blood thirsty father identif
Published 24 Jul, 2013 12:00am
PIAF says it will brook no extortion activity across Lahore

PIAF says it will brook no extortion activity across Lahore

Pakistan Industrial and Traders Associations Front (PIAF) would not allow any extortion activities in Lahore and would reply in the same coin to these anti-social and anti-business elements who are trying to get hold of the city after spoiling businesses
Published 24 Jul, 2013 12:00am
Hamza distributes Rs three million loan among skilled persons

Hamza distributes Rs three million loan among skilled persons

Central leader of Pakistan Muslim League-Nawaz (PML-N) MNA, Hamza Shahbaz Sharif on Tuesday distributed interest-free loan of Rs 3 million among the artisans and skilled persons of metal craft at Central Secretariat of PML-N at Model Town. Addressing the
Published 24 Jul, 2013 12:00am
PML-N taking all possible steps to win confidence of people: Shahbaz

PML-N taking all possible steps to win confidence of people: Shahbaz

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that for the first time in the history of the country, people have given historic mandate to Pakistan Muslim League-N. He said that a political party receives such exemplary mandate after centuries.
Published 24 Jul, 2013 12:00am
Mobilink, Train of Thought to launch 'SmartPush'

Mobilink, Train of Thought to launch 'SmartPush'

Mobilink and Train of Thought have strategically partnered to launch 'SmartPush' - a revolutionary technology embedded in mobile apps - that will enable customized location based advertising. 'SmartPush' is the first of its kind service in Pakistan that w
Published 24 Jul, 2013 12:00am
Colgate Palmolive (Pakistan) Limited

Colgate Palmolive (Pakistan) Limited

Colgate Palmolive Pakistan, one of the leading manufacturers of personal care and consumer products in the country, began its operations back in 1985 when the US granted the firm license to manufacture and market Colgate Palmolive products in Pakistan. Cu
Published 24 Jul, 2013 12:00am
Colgate Palmolive (Pakistan) Limited

Colgate Palmolive (Pakistan) Limited

Colgate Palmolive Pakistan, one of the leading manufacturers of personal care and consumer products in the country, began its operations back in 1985 when the US granted the firm license to manufacture and market Colgate Palmolive products in Pakistan. Cu
Published 24 Jul, 2013 12:00am
Man United humbled in Japan

Man United humbled in Japan

Manchester United stumbled to a 3-2 defeat against Japan's Yokohama Marinos Tuesday in their second loss in three games under new manager David Moyes. The English champions fell behind after only a minute but they recovered to lead 2-1 heading into the se
Published 24 Jul, 2013 12:00am
Anderson upbeat over Pietersen fitness

Anderson upbeat over Pietersen fitness

England fast bowler James Anderson said Tuesday the team were optimistic Kevin Pietersen would be fit for next week's third Ashes Test at Old Trafford. Pietersen, arguably England's most talented batsman, was off the field when the side completed a 347-ru
Published 24 Jul, 2013 12:00am
Border says top three 'embarrassing'

Border says top three 'embarrassing'

Former captain Allan Border Tuesday took aim at Australia's hapless batting during the Ashes series, saying the top order should be embarrassed while telling Shane Watson to sort himself out. Border, known as "Captain Grumpy" during his playing days, said
Published 24 Jul, 2013 12:00am
Final ODI today: Bravo faces bowling decisions

Final ODI today: Bravo faces bowling decisions

West Indies captain Dwayne Bravo will be under the microscope when the final One-Day International of the five-match series against Pakistan is played at the Beausejour Stadium in St Lucia on Wednesday. Following a six-wicket win in the rain-affected four
Published 24 Jul, 2013 12:00am
London Olympic Stadium to be new base for UK athletes

London Olympic Stadium to be new base for UK athletes

The London Olympic Stadium, centrepiece of last year's Games, will serve as a new national base for British athletics as well as home to soccer club West Ham United, officials said on Tuesday. Britain will hold London Diamond League meetings at the stadiu
Published 24 Jul, 2013 12:00am
Martino - a tactically shrewd choice for Barca

Martino - a tactically shrewd choice for Barca

The appointment of Gerardo "Tata" Martino as Barcelona coach is slightly at odds with the Catalan giants' recent run of managerial appointments, which placed the focus on promoting coaches already working within the club. But given the rushed circumstance
Published 24 Jul, 2013 12:00am
Federer a man on a mission at his home Gstaad event

Federer a man on a mission at his home Gstaad event

Roger Federer will concentrate on both his own fitness and the state of his new prototype racquet as he waits for a second-round opponent to emerge for his Thursday afternoon start at the Swiss Open. The top seed, who has been playing since last week with
Published 24 Jul, 2013 12:00am
Hockey players undergo intensive training at Asia Cup camp

Hockey players undergo intensive training at Asia Cup camp

The participants of national training hockey camp on its second day undergo intensive training here at the National Hockey Stadium on Tuesday. The camp is being held as part of the preparations for Asia Cup, to be held in Malaysia in August. Pakistan need
Published 24 Jul, 2013 12:00am
Zimbabwe seek upset against understrength India

Zimbabwe seek upset against understrength India

Zimbabwe begin a five-match one-day series against India on Wednesday accepting that victory in even one of the games would represent a good result against the top-ranked side in the world. India may have rested captain Mahendra Singh Dhoni, leading spinn
Published 24 Jul, 2013 12:00am
Franklin and Company launch US post-Phelps era

Franklin and Company launch US post-Phelps era

Missy Franklin has her sights set on eight events at swimming's world championships in Barcelona as she heads a youthful US team aiming to maintain American dominance despite Michael Phelps's departure. The Americans' youth movement was already in evidenc
Published 24 Jul, 2013 12:00am
StanChart, Liverpool renew sponsorship deal

StanChart, Liverpool renew sponsorship deal

Liverpool Football Club and Standard Chartered Bank have announced a two-year extension to their main sponsor agreement recently. The bank signed up as the Club's main sponsor in July 2010, appearing on the front of the Red's shirt for the last three seas
Published 24 Jul, 2013 12:00am
Court cancels all decisions of interim PCB chief

Court cancels all decisions of interim PCB chief

Pakistani cricket faced fresh turmoil Tuesday as a court cancelled all decisions made by the interim board chairman and demanded a member of the public be included on the national selection committee. The ruling by the Islamabad High Court severely curtai
Published 24 Jul, 2013 12:00am
Unemployment set to rise further in eurozone's hardest hit

Unemployment set to rise further in eurozone's hardest hit

The queues of jobless people across Spain, Portugal and Greece will lengthen further but an end to recession is within sight, according to the latest Reuters poll on some of the euro zone's most vulnerable economies. Monday's poll of more than 40 economis
Published 24 Jul, 2013 12:00am
UK offers extra help for home-buyers as transactions pick up

UK offers extra help for home-buyers as transactions pick up

British finance minister George Osborne gave details on Tuesday of a scheme to help riskier borrowers buy their first home, courting controversy at a time when Britain's housing market is already gathering pace. The Help-to-Buy scheme, unveiled by the gov
Published 24 Jul, 2013 12:00am
China must deepen reforms to meet economic challenges: president

China must deepen reforms to meet economic challenges: president

China must deepen reforms to address a slew of challenges confronting it, President Xi Jinping said in comments published on Tuesday that emphasise the government's determination to restructure the slowing economy. The official Xinhua news agency quoted X
Published 24 Jul, 2013 12:00am
EU extends duties in Chinese imports of ironing boards

EU extends duties in Chinese imports of ironing boards

The European Union has renewed anti-dumping duties on ironing boards imported from China for a further five years, but lifted corresponding tariffs on the product from Ukraine. The extension, announced on Tuesday, follows an appeal by three EU iron board
Published 24 Jul, 2013 12:00am
Indian central bank further tightens policy to prop up rupee

Indian central bank further tightens policy to prop up rupee

The Reserve Bank of India took further steps on Tuesday to tighten banking system liquidity and support the falling rupee, aggressively shrinking its daily borrowing window and ordering banks to set aside high cash reserves on a daily basis. Just after a
Published 24 Jul, 2013 12:00am
Singapore's central bank records $8.4 billion loss

Singapore's central bank records $8.4 billion loss

Singapore's central bank posted a S$10.61 billion ($8.39 billion) net loss in its last fiscal year as the local dollar's gains against the yen and euro diminished the value of its foreign currency holdings. The Monetary Authority of Singapore (MAS) also s
Published 24 Jul, 2013 12:00am
India imposes new gold import curbs to ease deficit

India imposes new gold import curbs to ease deficit

India, the world's biggest buyer of gold, has imposed fresh curbs on imports of the precious metal in an attempt to narrow a record current account deficit. The Reserve Bank of India (RBI) announced late Monday new rules for importers stipulating that at
Published 24 Jul, 2013 12:00am
Eurozone July consumer morale is best in nearly two years

Eurozone July consumer morale is best in nearly two years

Eurozone consumer morale hit a nearly two-year high in July - still below the long-term average but chiming with expectations of a recovery in the second half of 2013. Consumer confidence in the 17 countries using the euro improved to -17.4 points in July
Published 24 Jul, 2013 12:00am
French industry morale strongest in over a year

French industry morale strongest in over a year

French industrial morale rose slightly more than expected in July to its highest in over a year, offering more evidence that a fragile recovery is taking hold in the euro zone's second-biggest economy. The official INSEE statistics agency said its monthly
Published 24 Jul, 2013 12:00am
Irish property prices in first annual rise since crash

Irish property prices in first annual rise since crash

Residential property prices in Ireland have risen annually for the first time since a catastrophic crash five years ago sent the country spiralling towards financial disaster, official data showed Tuesday. "In the year to June, residential property prices
Published 24 Jul, 2013 12:00am
US congressional hurdles lifted on arming Syrian rebels

US congressional hurdles lifted on arming Syrian rebels

President Barack Obama will move forward with a plan for the United States to arm the struggling Syrian rebels after some congressional concerns were eased, officials said on Monday. "We believe we are in a position that the administration can move forwar
Published 24 Jul, 2013 12:00am
Al Qaeda says it freed 500 inmates in Iraq jail-break

Al Qaeda says it freed 500 inmates in Iraq jail-break

Al Qaeda claimed responsibility on Tuesday for simultaneous raids on two Iraqi prisons and said more than 500 inmates had been set free in the operation, one of its most brazen in Iraq. The Islamic State of Iraq and the Levant, formed earlier this year th
Published 24 Jul, 2013 12:00am
First US citizen detained as China pharmaceutical probe spreads

First US citizen detained as China pharmaceutical probe spreads

The first US citizen has been detained in China in connection with probes sparked by an unfolding corruption scandal in the drugs industry, as China widens the range of international firms and staff under the spotlight. Police have also questioned two fur
Published 24 Jul, 2013 12:00am
Sanjay Dutt loses last court appeal

Sanjay Dutt loses last court appeal

Bollywood superstar Sanjay Dutt, who is in jail for arms possession, lost his final appeal on Tuesday against a decision by the Supreme Court to uphold his conviction. Dutt, 53, surrendered in May to serve the remaining three-and-a-half years of a five-ye
Published 24 Jul, 2013 12:00am
World gets first glimpse of Britain's royal baby

World gets first glimpse of Britain's royal baby

Britain's Prince William and his wife Kate gave the world its first glimpse of their new-born baby son on Tuesday, cradling the future king in their arms as they left hospital to go home. The Duchess of Cambridge told the massed international media that i
Published 24 Jul, 2013 12:00am
Donkey bomber kills three Nato soldiers in Afghanistan

Donkey bomber kills three Nato soldiers in Afghanistan

A suicide bomber rode a donkey Tuesday into an Afghan and Nato military convoy, killing three Western soldiers and their Afghan interpreter, officials said. Nato's International Security Assistance Force confirmed three casualties in a bombing in eastern
Published 24 Jul, 2013 12:00am
CNN aims for broader news, digital audience: Zucker

CNN aims for broader news, digital audience: Zucker

CNN's strategy for revival hinges on adding broader human interest news and getting people to use its digital platforms, the head of the news organisation said Tuesday. CNN World-wide president Jeff Zucker said ratings for the all-news channel "are up qui
Published 24 Jul, 2013 12:00am
Afghanistan, trade dominate Biden talks in India

Afghanistan, trade dominate Biden talks in India

US Vice President Joe Biden held talks with Indian Prime Minister Manmohan Singh on Tuesday as he sought to calm fears over the exit of US troops from Afghanistan and capitalise on investment opportunities. Biden also met President Pranab Mukherjee and a
Published 24 Jul, 2013 12:00am
July deadliest month of 2013 for Iraq

July deadliest month of 2013 for Iraq

Attacks mainly targeting Iraqi security forces killed 12 people on Tuesday, officials said, bringing July's death toll to 622, the highest monthly figure in a year marked by spiralling violence. Another 1,395 people were also wounded through to July 23, a
Published 24 Jul, 2013 12:00am
Ukrainian charged over mosque bombs in Britain

Ukrainian charged over mosque bombs in Britain

A Ukrainian man charged with the "terrorist-related" murder of an elderly Muslim man has also been charged over three mosque bombings in central England, a court heard on Tuesday. Pavlo Lapshyn, a 25-year-old postgraduate student from the Ukrainian city o
Published 24 Jul, 2013 12:00am
China bans new government buildings to curb waste

China bans new government buildings to curb waste

China has introduced a five-year ban on the construction of new government offices, state media reported on Tuesday, following public anger at reports of extravagant official buildings. The move came as part of a publicity campaign led by newly-installed
Published 24 Jul, 2013 12:00am
Cotton little changed, consolidating after last week's gains

Cotton little changed, consolidating after last week's gains

ICE cotton futures were little changed in light trading on Monday, consolidating after investor buying lifted the fibre to its largest two-day rally in more than a month, dealers said. The most-active December cotton contract on ICE Futures US edged up 0.
Published 24 Jul, 2013 12:00am
Shanghai copper jumps

Shanghai copper jumps

The most-traded November copper contract on the Shanghai Futures Exchange climbed 0.80 percent to 50,580 yuan ($8,200) a tonne on Tuesday but steady buying from top consumer China kept a floor under prices. China's central bank removed controls on bank le
Published 24 Jul, 2013 12:00am
Copper holds steady

Copper holds steady

Copper held steady on Tuesday near a one-month peak as the dollar fell and on steady buying from China, although investors remain concerned about forecasts of a supply glut. Local media in China reported that the government is looking to increase investme
Published 24 Jul, 2013 12:00am
Oil rises in volatile spread trading

Oil rises in volatile spread trading

Oil futures edged higher on Tuesday in volatile trading in the closely watched spread between international benchmark Brent and US crude oil futures. Brent's premium to US oil futures, which had narrowed sharply last week and briefly inverted on Friday, w
Published 24 Jul, 2013 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Benchmark Tokyo rubber futures inched up to close at a near seven-week high on Tuesday, but gains were limited as the market came under pressure from a stronger yen. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for December delive
Published 24 Jul, 2013 12:00am
Soyameal climbs

Soyameal climbs

US soyabean meal futures rose by the daily trading limit to a new contract high on Monday as processors scrambled to obtain scarce supplies of the oilseed. But new-crop US corn futures fell for the fifth time in seven sessions as much of the Midwest benef
Published 24 Jul, 2013 12:00am
Palm oil edges lower

Palm oil edges lower

Malaysian palm oil futures edged 0.6 percent lower in tight trade on Tuesday over demand concerns, although losses were capped by expectations of disappointing output in July that would prevent a sudden rise in stocks. Palm oil inventories in Malaysia eas
Published 24 Jul, 2013 12:00am
ICE coffee rises

ICE coffee rises

ICE arabica coffee futures turned higher on Tuesday as meteorologists continued to call for possible frost on the fringes of the coffee belt in top grower Brazil, while raw sugar fell slightly as dealers monitored the cold, wet weather there. Cocoa future
Published 24 Jul, 2013 12:00am
Gold surges in New York

Gold surges in New York

Gold surged 3 percent and hit a one-month high on Monday, vaulting back over a technical threshold at $1,300 an ounce as speculators fearing a reversal of the recent downward price trend rushed to buy back bearish bets. It was the gold's heftiest one-day
Published 24 Jul, 2013 12:00am
Gold rises in Asia

Gold rises in Asia

Gold rose for a fourth straight day on Tuesday, hovering near a one-month high hit in the previous session, boosted by a weaker dollar and strong buying from China. Gold has recovered about $150 from a three-year low of $1,180.71 an ounce hit on June 28,
Published 24 Jul, 2013 12:00am
Gold retreats from one-month high in Europe

Gold retreats from one-month high in Europe

Gold eased back towards $1,330 an ounce on Tuesday as a firmer tone to the dollar prompted buyers to take to the sidelines after the metal's biggest one-day price rise in over a year. The precious metal rallied 3 percent on Monday as a break of technical
Published 24 Jul, 2013 12:00am
US MIDDAY: corn tumbles

US MIDDAY: corn tumbles

New-crop US corn futures fell to their lowest level in more than 2-1/2 years on Tuesday as forecasts for nearly ideal weather during the crop's key development phase buoyed hopes for a record harvest. Soyabean meal sank in a retreat from a new contract hi
Published 24 Jul, 2013 12:00am
US MIDDAY: gold slips

US MIDDAY: gold slips

Gold slipped to $1,330 an ounce on Tuesday, a day after the metal had its strongest one-day rally in more than a year, pressured by outflows from gold-backed exchange-traded funds With a lack of US economic news, the metal moved in a narrow $11 trading ra
Published 24 Jul, 2013 12:00am
Resentment in Italy ahead of Nazi's 100th birthday

Resentment in Italy ahead of Nazi's 100th birthday

Ahead of the 100th birthday of one of the last Nazi criminals alive, calls have grown in Italy for him to finally apologise for his role in the massacre of more than 300 people in caves outside Rome at the end of World War II. Erich Priebke, who turns 100
Published 24 Jul, 2013 12:00am
Myanmar frees dozens of political prisoners: official

Myanmar frees dozens of political prisoners: official

Myanmar agreed to release some 70 political prisoners on Tuesday, an official said, after President Thein Sein vowed to free all dissidents by the end of the year. The move, the latest gesture of reform by the former general who has ushered in a period of
Published 24 Jul, 2013 12:00am
Organisers insist Zimbabwe ready for vote

Organisers insist Zimbabwe ready for vote

Zimbabwe election authorities insisted Tuesday that they would be ready to hold general elections in a week's time, despite fears of vote rigging and a lack of funding. "Elections will be credible, free and fair. We are ready for the elections," the Zimba
Published 24 Jul, 2013 12:00am
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